Full text of G.13 Selected Interest Rates : July 5, 1968

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FEDERAL

RESERVE

s t a t i s t i c a l

r e l e a s e

G. 13

OPEN MARKET MONEY RATES AND BOND PRICES
Weekly
Average of D a i l y F i g u r e s JL/
June 1
June 8
June 15
6.02
F e d e r a l Funds ( E f f e c t i v e R a t e ) *
5.93
6.18

Monthly
June 22

6.20

June 29
6.14

Commercial p a p e r ( p r i m e , 4 t o 6 m o s . ) . . . , .
paper placed d i r e c t l y (3 to 6 mos.)
B r o k e r s ' A c c e p t a n c e s ( p r i m e , 90 d a y s ) . . .

6.00
6.00

6.00

6.25

5.90

6.25
6.03
5.95

6.06
6.00

6.00

Prime Loan Rate (Leading C i t y Banks). . . . . . .

6.50

6.50

6.50

6.50

6.50

S t o c k Exchange c a l l l o a n s — g o i n g r a t e . . . . .

6.25

6.25

6.25
6.05

-May.

6.12

6.18
5.99
6.04

.

6,50

6.50

6.50

6.50

6.50

D i s c o u n t r a t e ( F e d e r a l R e s e r v e Bank of Naw Y o r k ) .

5.50

5.50

5.50

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 average:
3-month b i l l s
6-month b i l l s

5.696
5.869

5.649
5.699

5.713
5.790

5.578
5.633

5.238
5.485

5.70
5.86
5.90

5.66
5.72
5.72

5.68
5.75
5.75

5.45
5.58
5.59

5.30
5.51
5.62

5.65
5.83
5.83

6.08

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 . .
^ferket yield:
O t h e r 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 to 5 years
.
Bonds--Long-term taxable 2/

6.20

6.50

621
785

6.06

5.91
5.43

5.80
5.30

6.07
5.75
5.27

5.95
5.61
5.18

5.93
5. 67
5.15

5.95
5.40

70.56

71.81

72.11

73.07

73.35

70.89

Average y i e l d s on c o r p o r a t e bonds (Moody's)
Aaa
.
Baa
.

6.64
6.29
7.10

6.64
6.29
7.09

6.63

6.28
7.08

6.63
6.29
7.07

6.27
7.04

S t a t e and L o c a l Government Aaa (Moody's).

4.42

4.25

4.25

4.15

4.18

P r i c e of l o n g - t e r m T r e a s u r y bonds 3/

6.61

6.60

6.27
7.03

4.28
JL/ Average of d a i l y f i g u r e s e x c e p t s t a t e and l o c a l Governments, which a r e based on Thursday figures.
2 / I n c l u d e s a l l bonds m a t u r i n g o r c a l l a b l e i n 10 y e a r s o r more.
3 / P r i c e s d e r i v e d from a v e r a g e market y i e l d s on t h e b a s i s of an assumed 3 p e r c e n t , 2 0 - y e a r bond.
*
D a i l y a v e r a g e s a r e based on number of c a l e n d a r days i n p e r i o d . * * B i l l s a r e q u o t e d on bank d i s c o u n t b a s i s .
GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD
J u l y 5 , 1968