Full text of G.13 Selected Interest Rates : January 7, 1969

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FEDERAL

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:

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u

RESERVE

s t a t i s t i c a l

r e l e a s e

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G.13
F e d e r a l Funds ( E f f e c t i v e R a t e ) *

OPEN MARKET MONEY RATES AND BOND PRICES
Weekly
Dec. 21
Dec. 14
Dec. 7
Nov. 30
6.00
5.71
5.84

Dec. 23
6.25

^ • m e r c i a l paper (prime, 4 t o 6 mos. ) . . .
Finance paper placed d i r e c t l y (3 to 6 mos.)
Bankers 1 Acceptances (prime, 90 days) . . .

6.00
5.75
6.00

6.00
5.75
6.00

6.03
5.78
6.10

6.20
5.88
6.15

6.25
6.00
6.47

Prime Loan Rate (Leading City Banks)

6.25

6.50***

6.50

6.75****

6. 75

Nov.
5.81

Monthly

Dec.
6.02

5.92
5.75
5.97

6.13
5.86
6.20

6.25c

6.50

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

6.25c

6.25

6.35

6. 60

6.75

Discount r a t e ( F e d e r a l Reserve Bank of New York).

5.25

5.25

5.25

5.50****

5.50

Y i e l d s on U. S. Government S e c u r i t i e s
Auction a v e r a g e :
3-month b i l l s .
6-month b i l l s .

5.448
5.573

5.633
5.730

5.788
5.906

5.966
6.017

6.278
6.401

5.492
5.618

5.916
6.014

5.47
5 50
5.56

5.66
5.77
5.69

5.84
5.94
5.82

6.03
6* 1 1

5.97

6.20
6.35
6.38

5.45
5.59
5.51

5.94
6.05
5.98

^market yield:
Other t a x a b l e i s s u e s , 9 t o 12 months.
Taxable i s s u e s , 3 t o 5 y e a r s . . . . .
Bonds--Long- term t a x a b l e 2/ . . . . .

5.52
5.51
5.44

5.73
5.79
5.56

5.80
5.91
5.55

6.01
6.05
5. 66

6.41
6.17
5.82

5.56
5.47
5.36

6.00
5.99
5.65

P r i c e of long-term Treasury bonds 3 / . . .

70.48

69.34

69.39

68.44

66.86

71.27

68.47

Average y i e l d s on c o r p o r a t e bonds (Moody s)
Aaa
Baa
. . . . . . . . .

6.63
6.28
7.07

6.69
6.33
7.14

6.77
6.45
7.18

6.82
6.48
7.24

6.56
6.53
7.31

7.01

6.85
6.50
7.28

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

4.35

4.40

4.45

4.57

4.57

4.33

4.50

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

1

6.19

1/ Average of d a i l y f i g u r e s except s t a t e and l o c a l Governments, which are based on Thursday f i g u r e s .
2/ I n c l u d e s a l l bonds maturing or c a l l a b l e in 10 y e a r s or more.
3/ P r i c e s d e r i v e d 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.
*
Daily averages a r e based on number of c a l e n d a r days in p e r i o d . ** B i l l s a r e quoted on bank discount b a s i s .
*** E f f e c t i v e December 2, 1968.
**** E f f e c t i v e December 18, 1968.
c--corrected.
GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD
January 7, 1969