Full text of G.13 Selected Interest Rates : January 5, 1977

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M K f e

F E D E R A L

R E S E R V E

statistical

OPEN MARKET MONEY RATES AND BOND PRICES
(Yields in per cent per annum)

Average of Daily Figures*
Federal/ funds (effective rate) 1/

...

Dec.
_A_
A.78

rel e

a s e

For Immediate Release
January 5, 1977

Dec.
11

Weekly
Dec.
18

Dec.
25

4.67

4.68

4.63

4.66

4.95

4.65

5.05

4.63
4.63
4.53
4.60
6.25

4.63
4.65
4.50
4.65
6.25

4.98
5.05
4.92
4.90
6.50

4.66
4.70
4.56
4.62
6.35

5.24
5.35
5.22
5.19
6.84

5.25

5.25

5.43

5.25

5.50

Jan.
-1

Monthly
Nov.

Dec.

Year
1976

Commercial paper (prime, 90 to 119 day).
Commercial paper (prime, 4 to 6 mos.).\
Finance paper placed directly (3 to 6 mos.)
Bankers' acceptances (prime, 90 days)
Prime loan (large business prime rate-majority)

4.7^
4.83
4.73
4.64
6.50

4.63
4.70
4.58
4.64
6.50

Discount rate (Federal Reserve Bank of New York)

5.25

5.25

4.466
4.567

4.383
4.516

4.360
4.508

4.269
4,500

4.296
4.474

4.810
4,944

4.354
4.513

4.98%
5.266

4.42
4.55
4.66

4.41
4.52
4166

4.33
4.53
4.66

4.27
4.47
4,60

4.34
4.51
4.62

4.75
4.88
5.00

4.35
4.51
4.64

4.98
5.26
5.52

4.98
5.92
6.43

4.94
5.94
6.37

4.94
5.99
6.41

4.88
5.96
6.40

4.88
5,98
6.37

5.29
6.35

6.62

4.92
5.96
6.39

5.84
6.94
6.78

Price of long-term Treasury bonds 3/ 4/. . .

61.69

62.21

61.89

61.96

62.20

60.21

62.05

58.96

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

8.55
*8.09
9.19

8.51

8.42"

9.16

9.11

8.45
7.96
9.10

8.40
7.91
9.09

8.47
7.98
9.12

9.01
8.43
9.75

5.07

5.66

Yields on U. S. Government Securities 2/
Auction average:
3-month: bills
. .
6-month bills . . . . . . . . . . . .
Market yield:
3-month bills . . .
6-month bills
. .
1-year bills
Coupon issues due in:
9 to 12 months, . . . . . . ,. . . .
3 to 5 years
. . . . . . . . . .
10 years or more (long-term) 3/. . .

State and local Government Aaa (Moody's)

8.01

4.70
4.75
4.55
4.60
6.25
(12/13)
5.25

8.00

8.66r
8.25
9.23r

5.10
5.07
5.07
5.04
5.07
5.27
V
7-day average for statement week ended on preceding Wednesday.
2/ Bills quoted on bank discount basis.
3/ Unweighted average of bonds neither due nor callable in less than 10 years.
4/ Prices derived from average market yields on the basis of an assumed 3 per cent, 20-year bond.
Average of daily figures except state and local Governments, which are based on Thursday figures.
for */
FRASER
r - Revised.

Digitized


OPEN MARKET MONEY RATES AND BOND PRICES
A (Yields ii> per cent per annum)

3-mont h

b -mont h
Hills

U . S . Government Securities
Market Yields 1/
1-year
Other Issues
Issues due
HUls
due in 9-12 mo.•
in 3-5 yrs.

Long-term
Bond.^

Long-term
Bonds

. 1
2
3

4.41
4.40
4.38

4.55
4.53
4.50

4.67
4 .66
4.61

5.00
4.97
4.41

5.92
5.90
5.90

6.44
6.40
6.37

61.62
61.94
62.19

6
7
8
9
10

4.38
4 .40
4.44
4 .44
4.37

4. 53
4.51.
4.55
4.54
4.49

4.65
4 .64
4.69
4.70
4.63

4.94
4.92
4.98
4.96
4.92

5.91
5.94
5.96
5.99
5.00

6.36
6.36
6.37
6.39
6.36

62.28
62.28
62.19
62.02
62.28

13
14
15
16
17

4.38
4.34
4.33
4.33
4,25

4.53
4.5.1
4.52
4.56
4.52

4.67
4 .66
4.65
4.67
4.63

4.95
4.94
4.92
4.94
4.94

5.99
5.99
5.99
6.00
5.99

6.40
6.39
6.41
6.42
6.41

61.94
62.02
61.86
61.78
61.86

20
21
22
23
24

4.24
4.27
4.28
4.28

4.47
4.47
4.48
4.47

4.59
4.61
4.61
4.60

4.90
4.89
4.87
4.86
M A R K E T

5.95
5.97
5.97
5.96
0 S E D

6.39
6.41
6.40
6.39

62.02
61.86
61.94
62.02

27
28
29
30
31

4 .30
4.35
4.37
4.34
4.34

6.39
6.39
6.39
6.34
6.33

62.02
62.02
62.02
62.44
62.52




4.48
4.52
4 .54
4.50
4.50

4.59
4.64
4.64
4.60
4.61

4.85
4.87
4.92
4.89
4.88

"

CL

5.96
5.98
6.00
5.97 5.98

ink discount basis.
FINANCE SECTION, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM