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FEDERAL

RESERVE

statistical

release

OPEN MARKET MONEY RATES AND BOND PRICES

G. 13
Average of Daily Figures 1/

Dec. 6
8.91

Dec. 13
8.75

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

8.63
7.98
8.38

8.75
7.88
8.53

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

Weekly
Dec. 27
Dec. 20
9.18
9.14

Jan. 3
8.71

8.93
7.89
8.63

9.00
7.90
8.72

9.00
8.03
8.75

Monthly
Dec.
Nov.
8.97
8.58
8.46
7.92
8.18

8.84
7.93
8.58

Prime Loan Rate (Leading City Banks)

8.50

8.50

8.50

8.50

8.50

--

--

Stock Exchange call loans--going rate. .

8.50

8.50

8.50

8.50

8.50

8.50

8.50

Discount rate (Federal Reserve Bank of New York) . .

6.00

6.00

6.00

6.00

6.00

7.453
7.613

7.702
7.803

7.920
7.922

7.804
7.815

8.096
8.101

7.193
7.565

7.72(
7.78:

7.60
7.83
7.55

7.81
7.92
7.61

7.88
7.89
7.61

7.82
7.82
7.67

8.02
8.03
7.75

7.24
7.62
7.38

7.81
7.89
7.64

8.11
7.64
6.65

8.32
7.95
6.73

8.37
8.06
6.84

8.44
8.10
6.92

8.56
8.26
7.00

7.94
7.57
6.51

8.34
7.98
6.77

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

59.93

59.35

58.46

57.92

57.33

61.08

58.71

Average yields on corporate bonds (Moody's). . . . .

7.97
7.60
8.45

8.05
7.64
8.57

8.15
7.73
8.68

8.27
7.84
8.80

8.33
7.90
8.89

7.76
7.35
8.25

8.13
7.72
8.65

State and Local Government Aaa (Moody's) . . . . . .

6.34

6.48

6.57

6.57

6.52

5.88

6.50

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

3-month bills
1-year bills . . . .
Market yield:
Other taxable issues, 9 to 12 months
Taxable issues, 3 to 5 years

2/
3/
*

—

--

Includes all bonds maturing or callable in 10 years or more.
Prices derived from average market yields on the basis of an assumed 3 per cent, 20-year bond.
Daily averages are based on number of calendar days in period.
** Bills are quoted on bank
discount basis.
HIES
GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD
January 5, 1970
.