Full text of G.13 Selected Interest Rates : February 6, 1968

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Of GOV*/

FEDERAL

RESERVE

statistica

r e l e a s e

[ill
OPEN MARKET MONEY RATES AND BOND PRICES
Weekly
Jan. 6
J a n , 13
1
-4755~
4.63
F e d e r a l Funds ( E f f e c t i v e R a t e ) * . . .
G. 13

Average of D a i l y F i g u r e s 1/

Monthly

J a n . 20
4.61

J a n . 27
4.73

4.51

4.60

5.56
5.43
5.43

5.60
5.49
5.40

6.00

6.00

Dec.

Jan.

Commercial p a p e r ( p r i m e , 4 t o 6 m o s . ) ,
F i ^ P i c e p a p e r p l a c e d d i r e c t l y (3 t o 6 mos
B a n k e r s 1 A c c e p t a n c e s ( p r i m e , 90 d a y s ) •

5.63
5.50
5.63

5.63
5.50
5.43

5.63
5.50
5.38

5.60
5.48
5.35

Prime Loan Rate ( L e a d i n g C i t y B a n k s ) , .

6.00

6.00

6.00

6.00

S t o c k Exchange c a l l l o a n s — g o i n g r a t e .

6.00

6.00

6.00

6.00

D i s c o u n t r a t e ( F e d e r a l Reserve Bank of New York)

4.50

4.50

4.50

4.50

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 ,

5.103
5.593

5.080
5.376

5.072
5.238

5.068
5.335

5.012
5.562

5.081
5.386

4.99
5.39
5.50

5.06
5.30
5.28

5.02
5.25
5.22

4.97
5.16
5.26

4.96
5.49
5.58

4.99
5.23
5.29

5.62
5.61
5.23

5.44
5.48
5.12

5.32
5.52
5.18

5.33
5.55
5.20

5.69
5.72
5.36

5.39
5.53
5.18

P r i c e of l o n g - t e r m T r e a s u r y bonds 31+ . . . .

72.55

73.70

73.03

72.85

71.22

73.09

Average y i e l d s on c o r p o r a t e bonds (Moody's) .
Aaa
Baa

6.54
6.24
6.96

6.20
6.80

6.48

6.41
6.14
6.79

6.40
6.12
6.80

6.51
6.19
6.93

6.45
6.17
6.84

S t a t e and L o c a l Government Aaa ( M o o d y ' s ) .

4.15

4.08

4.03

3.98

4.15

4.06

Market y i e l d s : * *
3-month b i l l s .
6-month b i l l s .
1-year b i l l s . •
et yield:
t h e r 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 to 5 y e a r s . • . . •
Bonds,--Long-term taxable 2 / . . . . .

1/ Average of d a i l y f i g u r e s e x c e p t s t a t e and l o c a l Governments, which a r e b a s e d on Thursday f i g u r e s .
2 / I n c l u d e s a l l bonds m a t u r i n g or c a l l a b l e i n 10 y e a r s o r more.
3/ P r i c e s d e r i v e d f r o m a v e r a g e market y i e l d s on t h e b a s i s of an assumed 3 p e r c e n t , 2 0 - y e a r bond.
*
D a i l y a v e r a g e s a r e b a s e d on number of c a l e n d a r days i n p e r i o d . * * B i l l s a r e quoted on bank d i s c o u n t b a s i s .
GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD
* fOK FB1S
F e b r u a r y 6, 1968
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