Full text of G.13 Selected Interest Rates : January 14, 1974

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. # & ,

FEDERAL

G.13

RESERVE

statistical

relea se

OPEN MARKET MONEY RATES AND BOND PRICES

Dec. 15
10.04

T>ec. 8
Dec. 1
^10.17

torn

^ ^ S e r a l Funds ( E f f e c t i v e Rate)*

Sh

<u
§

Average of D a i l y Figures 1/

Dec. 22 j I>ect 29
9.52
10.18

n

Monthly
Dec.
Nov.
9.95
10.03

9.10
8.18
9.15

9.00
8.20
8.75

9.00
8.00
8.75

8.94
7.94
8.73

9.08
8.16
8.94

9.75

9.75

9.75

9.75

- -

- -

10.00

10.00

10.00

10.00

10.00

10.00

10.00

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

7.50

7.50

7.50

7.50

7.50

Y i e l d 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 .

7.695
7.679

7.358
7.766

7.386
7.530

7.366
7.164

7.346
7.315

7.866
7.823

7.364
7.444

Market Y i e l d : * *
3-month b i l l s .
j f e 6-month b i l l s
1-year b i l l s

7.52
7.77
7.29

7.47
7.94
7.39

7.51
7.52
7.01

7.35
7.32
6.75

7.50
7.46
6.84

7.83
7.96
7.40

7.45
7.56
7.01

Markef Y i e l d :
Other taxable i s s u e s , 9 t o 12 months . ,
Taxable i s s u e s , 3 to 5 years
Bonds—Long-Term taxable 2/

7.36
6.78
6.27

7.53
6.89
6.31

7.37
6.75
6.30

7.22
6.74
6.34

7.41
6.83
6.47

7.66
6.96
6.31

7.38
6.80
6.35

P r i c e of Long-Term Treasury bonds 3/ . . . .

63.01

62.74

62.75

62.46

61.35

62,71

62.37

8.02
7.67
8.42

8.05
7.68
8.48

5.03

4.90

Commercial paper (prime, 4 to 6 m o s . ) . . . . .
Finance Paper placed d i r e c t l y (3 to 6 m o s . ) . .
Bankers 1 Acceptances (prime, 90-days)

9.10
8.05
8.75

9.20
8.25
9.10

Prime Loan (Large-Business Prime Rate)Majority

9.75

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

. . . .

.

'

Average y i e l d s on corporate bonds (Moody's).
Aaa.
Baa
. .

8.01
7.64
8.42

8.02
7.65
8.43

8.04
7.67
8.48

8.06
7.68
8.50

8.08
7.73
8.52

S t a t e and Local Government Aaa (Moody's) .

5.00

5.00

4.90

4.85

4.85

1/

*2/
3/
*

Average ujl uenjr

*-

I n c l u d e s a l l bonds maturing or c a l l a b l e i n 10 years or more.
nA
P r i c e s derived from average market y i e l d s on the b a s i s of an assumed 3 per c e n t , 20-year bond.
7-day average for statement week ended on preceding Wednesday. ** B i l l s quoted on bank d i s c c u n t b a s i s .


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GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD
Federal Reserve Bank of St. Louis

JANUARY 14, 1974