Full text of G.13 Selected Interest Rates : January 7, 1960

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

G. 13

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
OPEN MARKET MONEY R A T E S AND BOND PRICES

Dec. 5
3.950

Dec. 12
4.000

Weekly
Dec. 19
4.000

Dec. 26
4.000

Jan. 2
4.000

Commercial paper (prime, 4 to 6 mos.) l/
Fiance paper placed directly (3 to 6 mos.) 1 /
BaNRrs' acceptances (prime, 90 days) if

4.88
4.63
4.33

4.88
4.80
4.50

4.88
4.88
4.50

4.88
4.88
4.50

4.88
4.88
4.50

Prime Loan Rate (Leading City Banks)

5.00

5.00

5.00

5.00

5.00

Stock Exchange call loans—going rate 1/

4.75

4.75

4.75

4.75

4.75

Discount rate (Federal Reserve Bank of New York)

4.00

4.00

4.00

4.00

4.00

4.501
4.891

4.638
4.969

4.535
4.834

4.670
4.940

Bonds—long term, taxable 2/

4.50
4.86
4.98
4.93
4.90
4.21

4.48
4.81
4.97
4.99
4.92
4.22

4.49
4.77
4.96
4.98
4.95
4.25

Price of long-term Treasury bonds -3/

83.73

, 83.63

4.55
5.25
3.38

' 4.56
5.25
3.38

Federal Funds (Effective rate)

Yields on U. S. Government securities l/
Auction average:
Market yield:

Average yield on corporate bonds (Moody's) l/
Aaa . . . . . . . . . . . . . . . . . . . . . . .
State and local Government, Aaa 4/

4.67
4.38
4.25

4.88
4.82
4.47

4.75

4.75

4.516
4.942

4.209
4.585

4.572
4.915

4.57
4.90
5.01
5.00
5.00
4.32

4.40
4.91
5.02
5.00
4.99
4.37

4.15
4.54
4.54
4.70
4.74
4.12

4.49
4.85
4.99
4.98
4.95
4.27

83.25

82.42

81.83

84.82

83.00

4.59
5.27
3.40

4.59
5.30
3.49

4.61
5.32
3.49

a/4.56
5.26
3.44

1/ Average of daily 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/ Moody's Investor Service, monthly and weekly data are based on Thursday figures.
G0VERWSHT FINALE SECTION, BOARD
GOVERNORS OF THE FEDERAL RESERVE SYSTEM




Monthly
Nov. 1959 Dec. 1959

D/4.57
fi/5.27
2/3.43

FOR FILES
Peter M. Keir
January ?, I960