Full text of G.13 Selected Interest Rates : January 11, 1965

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FEDERAL
G»13
Federal Funds (Effective Rate). . . .

RESERVE

s ta tis tic a

OPEN MARKET MONEY RATES AND BOND PRICES
Weekly
Dec. 5 Dec. 12 Dec. 19 Dec. 26
3.93
3.39
4.00
4.00
4.13
3.94
4.00

4.13
3.94
4.00

Prime Loan Rate (Leading City Banks) .

4.50

Stock exchange call loans—going rate .

4.50

Monthly
Jan. 2, 1965 Nov. 1964 Dec. 1964
4.00
3.52
2T. 8 T ^

4.13
3.94
4.00

4.25
4.06
4.00

4.50

4.50

4.50

4.50

4.50

4.50

4.50

4.50

Discount rate (Federal Reserve Bank of New York) 4.00

4.00

4.00

4. 00

4.00

Yields on U. S. Government securities
Auction average:
3-month bills . • . . * . • . . . . . . ...
6-month bills . . . . . . .

3.868
4.030

3.815
3.944

3.864
3.965

3.868
3.960

. ..
......

3.82
3.97
4.02

3.81
3 . 94
3.96

3.86
3.95
3.94

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

4.04
4.11
4.15

3.97
4.06
4.12

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

84.50

84.85

Commercial paper (prime, 4 to 6 mos.) ,
Fii^fcpe paper placed directly (3 to 6 mos
B a m K s 1 acceptances (prime, 90 days) .

Bank discount rate:*
3-month bills . . . . .
6-month bills
One-year bills. .

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

release

4.25
4.06
4.00

4.02
3.89c
3.79

4.17
3.98
4.00

4.50

4.50

3. 867
3.957

3.624
3.794

3.856
3.971

3.86
3.94
3.94

3.83
3.93
3.93

3.64
3.81
3.86

3.84
3.94
3.96

3.92
4.06
4.13

3.95
4,07
4.14

3.92
4.07
4.16

3.88
4.04
4.12

3.96
4.07
4.14

84.77

84.60

84.42

84.81

84.65

4.43
4.81
3.08

4.44
4.81
3.01

4.43
4.43
4.43
4.45
4.45
4.80
4.80
4.81
4.83
4.83
2.99
2.99
2.99
3.01
3.05
State and local Government» Aaa (Moody's)
1/ Average of daily figures except state and local Government, 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.
* Series formerly shown as "Market yield."
c Corrected.

GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD



January 11, 1965