Full text of G.13 Selected Interest Rates : July 13, 1973

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FEDERAL

G. 13

RESERVE

statistical

r e l e a s e

OPEN MARKET MONEY RATES AND BOND PRICES

Averages of Daily Figures JL/

June 2
/.9b

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

7.53
7.13
7.41

Prime Loan (Large-Business Prime Rate)

June 9
8.43
7.83
7.25
7.75

Weekly
June 16
8.17
7.90
7.50
7.88

June 23
8.55
8.03
7.50
8.05

June 30
8.59
8.28
7.60
8.35

Monthly
May
June
7.84
8.49
7.27
6.85
7.15

7.99
7.45
7.98

4/

4/

4/

4/

4/

- -

- -

Stock Exchange call loans—going rate

7.50

7.75

7.75

7.90

8.00

7.18

7.83

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

6.00

6.00

6.50

6.50

6.50

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

6.694
6.864

7.133
7.210

7.129
7.172

7.263
7.255

7.228
7.299

6.348
6.615

7.188
7.234

6.91
6.99
6.93

7.07
7.09
6.94

7.15
7.16
6.94

7.25
7.27
7.02

7.32
7.43
7.31

6.36
6.62
6.63

7.19
7.23
7.05

7.13
6.79
6.31

7.20
6.72
6.31

7.19
6.70
6.29

7.25
6.74
6.32

7.46
6.89
6.36

6.83
6.78
6.22

7.27
6.76
6.32

Market yield:**
3-month bills.
m

1-year bills

. . . . . . . . . . . . .

Market yield:
Other taxable issues, 9 to 12 months . . . .
Taxable issues, 3 to 5 years . . .
Bonds--Long-term taxable 2/. . . . . . . . . . .
Price of Long-Term Treasury bonds 3/

- -

.

62.67

62.69

62.87

62.59

62.31

63.43

62.61

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

7.67
7.35
8.12

7.68
7.36
8.13

7.68
7.36
8.14

7.69
7.38
8.13

7.72
7.40
8.14

7.62
7.29
8.06

7.69
7.37
8.13

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

5.00

5.00

5.05

5.05

5.10

4.90

5.05

I
*

Average of daily figures except state and local Governments, which are based on Thursday figures.
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.
Effective May 25, 7-1/4; June 8 — 7 - 1 / 2 , June 25, 7-3/4, July 3, 8.
7-day average for statement week ended on preceding Wednesday. ' **Bills quoted on bank discount basis.
GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD




July 13, 1973