Full text of G.13 Selected Interest Rates : July 11, 1960

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Z
G»13 -

Federal Funds ( E f f e c t i v e rate)

<1.4

BOARD (F GOVERNORS OF. THE FEDERAL RESEWE SYSTEM
OPEN MARKET MONEY RATES AND BOND PRICES
1
Weekly
Monthly
June h jI June 11 1 June 10 | June.,25 | July 2 May I960 June I960
3.313 ] 3.700 ! 3.250 1 3.500
2.350 |

Commercial paper (prime, U t o 6 mos # ) l /
F i n g g e paper placed d i r e c t l y (3 t o 6 mos.) l /
Bais^Ps V acceptances (prime, 90 days J l /

U. 19
3.83
3.63

Prime Loan Rate (Leading City Banks)

5.00

Stock Exchange c a l l loans—going rate l /
Discount r a t e (Federal Reserve Bank of Egw York)
Y i e l d s on TJ, S. Government s e c u r i t i e s l /
Auction average:
-

it. 03
3.53
3.U8

i

:
!|

3.70
3.05
3.18

!

5.00

|i

5.00

S.oo

j

5.00

I

5.00

|

5.oo

it.oo

|:

3.5o*

':

3.50

j
I
|
i

3.5o

!:

Market y i e l d :
9**I2 month b i l l s . . » « # . » * . . . * «
^ k h e r taxable i s s u e s , 9 t o 12 months * # . ,
Taxable i s s u e s , 3 t o 5 years
Price of long-term Treasury bonds 3 / . . .

. . .

Average y i e l d on corporate bonds (Moody's) l /
Aaa
Baa
S t a t e and l o c a l Government, Aaa h j

|
j

'

s

:

i

3.181* j
3.195 |;
I
;j!
!
! 2.9k
I1
• 3.18 |!
| 3.56 i1
j i 3.87 '
j 4»2u
i
j; 85.13
«

\ ,Y;

; -j

•

:

fj/
I 2/
15/
|2y

h

1U8
5,27
3.38

j
i

•

2.716
2.871
.•
2.61
2.80
3.23
3.U7
It. 12
it. 00

i
i
i
,
!
!
|

j

2.292
2.U97

2.31
2.52
2.90
3.15
I 3.99
| 3.96

!

3.63
3.00
3.13
5.00

1

i
1

|
!
i
j
1

;

3.63
3.00
3.13

1 it. 25
! 3.88
| 3.78

5.00

i

5.oo
:

i 3.81
1 3.2it
| 3.28

5.11

5.oo

3.392
3.68U

2.61,1
2.909

3.50

!
2.613
2.877
2.39
2.76
3.0U
3.29
it. 01
3.97

'
;

|

1

2.399 i
2.806
2.18
2.6U
2.95
3.20
3.99
3.96

1 3.29
|: 3.58
i L 01
it. 19
it.it2
it. 16

2.U6
2.7U
3.10
3.35
it.06
3.99

86.32

j| 86.77

86.72

86.87

Sit. 39

85.50

It.Ut
5.21
3.38

it.U5
5.26
3.31

it. Ii5
5.27
3.30

it.itit
5.28
3.30

it.it6
5.28
3.3it

lt.U5
5.26
2/3.33

:

Average of d a i l y f i g u r e s ,
# E f f e c t i v e June 10, I960.
g / Preliminary*
Includes a l l bonds maturing or c a l l a b l e i n 10 years or more.
Prices derived from average market y i e l d s on b a s i s of an assumed 3 per cent, 20-year bond.
iloodyts Investor Service; monthly and weekly data are based on Thursday f i g u r e s .

GCFEPJ0IEIJT FEiAIICE SECTION, FEDERAL RZSEKVE BOiu©



July 11, I960