Full text of G.13 Selected Interest Rates : February 4, 1965

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FEDERAL

statistical

RESERVE

release

OPEN MARKET MORE? RATES AND BOND PRICES

G. 13

Jan. 23
3.57

Jan. 30
4.00

Jan. 2
4.00

Jan. 9
4.00

Jan. 16
4.00

^ ^ i m e r c i a l paper (prime, 4 t o 6 mos.).
Finance paper placed d i r e c t l y (3 t o 6 mos.
Bankers' acceptances (prime, 90 days)

4.25
4.06
4.00

4.25
4.06
4.00

4.25
4.06
4.00

4.25
4.06
4.00

4.25
4.03
4.00

Prime Loan Rate (Leading City Banks).

4.50

4.50

4.50

4.50

4.50

Stock exchange c a l l l o a n s - - g o i n g r a t e

4.50

4.50

4.50

4.50

4.50

Discount r a t e (Federal Reserve Bank of New York)

4.00

4.00

4.00

4.00

4.00

Y i e l d s on U. S. Government s e c u r i t i e s
Auction average:
3-month b i l l s . .
. . . . . . .
6-month b i l l s .
•

3.867
3.957

3.829
3.927

3.814
3.942

3.821
3.960

Bank d i s c o u n t r a t e : *
3-month b i l l s
.
6-month b i l l s . . . . . . . . . . . .
One-year b i l l s .

3.83
3.93
3.93

3.80
3.92
3.92

3.77
3.94
3.90

^%a%ket y i e l d :
Other t a x a b l e i s s u e s , 9 t o 12 months.
Taxable i s s u e s , 3 t o 5 y e a r s . . . . .
Bonds—Long-term t a x a b l e 2/ . . . . .

3.92
4.07
4.16

3.78
4.07
4.15

84.42

84.48

F e d e r a l Funds ( E f f e c t i v e R a t e ) . . * .

P r i c e of long-term Treasury bonds 3f.

. .

Monthly
Dec. 1964
Jan. 1965
3.90
3.85
4.17
3.98
4.00

4.25
4.05
4.00

4.50

4.50

3.848
3.946

3.856
3.971

3.828
3.944

3.81
3.94
3.90

3.85
3.94
3.91

3.84
3.94
3.96

3.81
3.94
3.91

3.87
4.06
4.15

3.85
4.04
4.14

3.87
4.05
4.13

3.96
4.07
4.14

3.87
4.06
4.14

84.48

84.60

84.67

84.65

84.56

Average y i e l d on c o r p o r a t e bonds (Moody's)
4.44
4.42
4.43
4.43
4.44
4.43
Aaa • . . « . . . * . . • . • • • • • •
4.81
, 4.79
4.79
4.80
4.80
4.80
Baa
. . .
3.01
2.96
2.96
2.97
2.99
2.99
S t a t e and l o c a l Government Aaa (Moody*s)
1/ Average of d a i l y f i g u r e s except s t a t e and l o c a l Government, which are based on Thursday f i g u r e s .
2/ Includes a l l bonds maturing or c a l l a b l e in 10 y e a r s or more.
3/ P r i c e s derived from average market y i e l d s on b a s i s of an assumed 3 per c e n t , 20-year bond.
* S e r i e s formerly shown as "Market Y i e l d . H
GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD




4.43
4.80
2,97

February 4 , 1965