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FEDERAL

RESERVE

statistical

release

G. 13

OPEN MARKET MONEY RATES AND BOND PRICES
Weekly
Ma y 31
June 7
June 14
F e d e r a l Funds ( E f f e c t i v e R a t e ) * . . . . . . . . . .
8.92
9 . 20
9.13
^Commercial p a p e r ( p r i m e , 4 t o 6 mos.) . . . . . . .
'Finance paper placed d i r e c t l y (3 t o 6 mos.) . . . .
B a n 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 ) . . . . . . .
Prime Loan Rate ( L e a d i n g C i t y Banks)

June i l
8.54

June 28
8.34

7.47
6.69
7.50

7.68
6.91
7.50

8.20
7.08
7.90

8.40
7.31
8.08

8.55
7.59
8.38

Monthly
May
June
8.67
8.90
7.35
6.54
7.38

8.23
7.25
7.99

7.50

8.31

.

7.50

7.50

8. 5 0 ^

8.50

8.50

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

7.50

7.70

8.50

8.50

8.50

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

6.00

6.00

6.00

6.00

6.00

6.124
6.218

6.191
6.454

6.591
6.927

6. 666
6.654

6.524
6.866

6.077
6.149

6.493
6.725

6.10
6.28
6.19

6.25
6.58
6.61

6. 65
6.88
6.89

6.57
6.70
6.77

6.29
6.84
7.09

6. 03
6.15
6.10

6.43
6.75
6.86

6.54
6.50
6.11

6.78
6.57
6.09

7.16
6. 60
6.05

6.94
6.57
6.03

7.28
6.77
6.04

6.26
6.33
5.85

7.07
6.64
6.06

64.40

64.53

64.88

65.03

64.96

66. 68

64.84

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

7.14
6.83
7.58

7.19
6.90
7.62

7,24
6.96
7. 66

7.31
7.03
7. 74

7.33
7.03
7.77

7.10
6.79
7.52

7.27
6.98
7.70

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

5.40

5.55

5.60

5.60

5.55

5.19

5.58

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

. . . . . .

. . . . .
. . . .

Market y i e l d :
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 y e a r s . . . . . . . .
B o n d s - - L o n g - t e r m t a x a b l e 2/ . .
. .

\

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

\J
2/
3/
4/
*

. . .

. .

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 f i g u r e s .
I n c l u d e s a l l bonds m a t u r i n g or c a l l a b l e i n 10 y e a r s or more.
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.
E f f e c t i v e J une 9 , 1969.
D a i l y a v e r a g e s a r e b a s e d 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 9, 1969

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