Full text of G.13 Selected Interest Rates : January 10, 1966

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FEDERAL

RESERVE

statistical

r e l e a s e

.ml

Open Market Money Rates and Bond Prices
Weekly
Average of Daily Figures 1/
Dec. 18
Dec, 4 | Dec. 11
4.50
3-68
4.13
Federal Funds (Effective Rate)* . . •
4.70
4.58
4.38
Commercial paper (prime, 4 to 6 mos. )
4.61
4.46
4.38
.Fgghce paper placed directly (3 to 6 mos.
4.55
4.50
4. 25
sHtors 1 Acceptances (prime, 90 days)

€.13

Dec. 25
4.43

Jan. 1
4.63

.4* 75
4.75
4.63

4.75
4.75
4.73

Monthly
Nov. 1965 I Dec. 1965
4.10
j
4.38
4.38
4.25

4.65
4.60
4.55

4.75

4.97

Prime Loan Rate (Leading City Banks)

4.50

5,00-/

5.00

5.00

5.00

Stock exchange call loans--going rate

4. 75

5.00

5.00

5.00

5.00

Discount rate (Federal Reserve Bank of New York)

4.00

4.50-/

4.50

4.50

4.50

Yields on U. S. Government Securities
Auction average:
3-month bills .
6-month bills .

4.115
4.249

4.344
4.468

4.391
4.553

4.505
4.692

4.457
4. 655

4.082
4.238

4.362
4.523

4.12
4.26
4.29

4.33
4.47
4.49

4.40
4.58
4.59

4.46
4. 65
4.65

4.47
4.66
4.70

4.08
4.24
4.23

4.37
4.54
4.56

rket yield:
# 0 ther taxable issues, 9 to 12 months
Taxable issues, 3 to 5 years . . . .
Bonds—Long-term taxable 2/ . . . . .

4.36
4.50
4.36

4.58
4.70
4.42

4.67
4. 79
4.45

4.76
4.82
4.43

4.83
4.90
4.44

4.29
4.46
4.34

4.66
4.77
4.43

Price of long-term Treasury bonds 3/• • • •

82.02

81.26

80.95

81.14

81.07

82.22

81.21

4.60
4.95
3.34

4.68
5.02
3.39

Market yield:**
3-month bills •
6-month bills .
One-year bills.

Average yield on corporate bonds (Moody1s)
4.73
4.71
4.69
4.64
4.60
Aaa
5.04
5.04
5.02
4.99
4.98
Baa
3.40
3.40
3.40
3.40
3.37
State and Local Government Aaa (Moody's).
1/ Average of daily figures except state and local Governments, which are based on Thursday figures.
2/ Includes all bonds maturing or callable in 10 years or more.
3/ Prices derived from average market yields on basis of an assumed 3 per cent, 20-year bond.
4/ Effective December 6, 1965.
* Daily averages are based on number of calendar days in period.
** Bills quoted on bank discount basis.
GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD




January 10, 1966