Full text of G.13 Selected Interest Rates : February 8, 1971

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F E D E R A L

i R E S E R V E

statistical

release

/

OPEN MARKET MONEY BATES AND BOND PRICES

G.13
Average of Daily Figures JL/

Weekly.
Jan. 23
Jan. 16
4.13
4.27

Jan. 30
4.23

Monthly
Dec.
4.90

Federal Funds (Effective Rate)*. . . . •

Jan. 2
4.82

Jan. 9
3.82

Commercial paper (prime, 4 to 6 mos,)• ,
Finance paper placed directly (3 to 6 mos
Bankers* Acceptances (prime, 90 days), .

5.75
5.44
5.25

5.68
5.41
5.23

Prime Loan Rate (Leading City Banks) . .

6.75

6.50^

6.25-

e.OOr-' 6.00

Stock Exchange call loans—going rate. .

6.75

6.65

6.45

6.00

6.00

Discount rate (Federal Reserve Bank of New York

5.50

5.25-/

5.25

5.0^

5.00

Yields on U. S. Government Securities
Auction average:
3-month b i l l s . . .
...
..
....
6-month bills.
. . . . . . . .

4.830
4.836

4.921
4.927

4.640
4.633

4.213
4.243

4.201
4.235

4.860
4.848

Market yield:**
3-month bills.
6-month bills.
1-year bills .

4.87
4.88
4.86

4.84
4.89
4.71

4.51
4.55
4.48

4.20
4.22
4.19

4.19
4.24
4.18

4.87
4.89
4.87

Market yield:
Other taxable issues, 9 to 12 months
Taxable issues, 3 to 5 years . . . .
Bonds—Long-term taxable 2/ . . . .

4.85
5.94
6.16

4.76
5.99
6.09

4.40
5.78
5.96

3.87
5.58
5.83

4 oil
5.54
5.78

4.94
5.86
5.97

Price of Long-term Treasury bonds 3/ . . . «

63.99

64.53

65.72

66.88

67.29

65.63

Average yields on corporate bonds (Moody's),
Aaa.
Baa.

8.19
7.48
8.97

8.16
7.45
8.90

8.10
7.42
8.82

8.02
7.36
8.69

7.87
7.19
8.54

8.35
7.64
9.12

State and Local Government Aaa (Mfoody's)

5.25

5.40

5.00

4.95

4.95

5.21

17
2/
3/
*
4/

5.38
5.25
4.88

4.55
4.69
4.45

4.85
4.93
4.48

5.73
5.48
4.32

6.92

Average of daily figures except state and local Governments, which are based on Thursday figures.
Includes all bond maturing or callable in 10 years or more,
Prices derived from average market yileds on the basis of an assumed 3 per cent, 20-year bond.
Daily averages are based on number of calendar days in period. ** Bills quoted on bank discount basis.
Effective January 6, 15, and 18, 1971, respectively. 5/ Effective January 8 and 22, 1971, respectively.


GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD


February 8, 1971

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