Full text of G.13 Selected Interest Rates : June 12, 1972

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FEDERAL

statistical

RESERVE

release

'g?

OPEN MARKET MONEY RATES AND BOND PRICES

Averages of Daily Figures 1/

May 6 1 May 13
4.20
^ 4T2T"

Federal Funds (Effective Rate)* . . . . • • *

Weekly
May 27
May 20
4.24
4.32

June 3
4.38

4.50
4.38
4.25

4.50
4.38
4.25

Month1 y
' May
April
4.27
4.17
4.58
4.38
4.43

4.51
4.38
4.25

4.50
4.38
4.25

4.50
4.38
4.25

4/

4/

4/

4/

4/

.

5.00

5.00

5.00

5.00

5.00

4.88

Discount rate (Federal Reserve Bank of New York).

4.50

4.50

4.50

4.50

4.50

--

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

3.604
3.998

3.462
3.907

3.699
4.118

3.825
4.233

4.106
3.762

3.723
4.218

3.648
4.064

Market yield:**
3-month bills
6-month bills
1-year bills

3.56
4.03
4.37

3.58
4.03
4.42

3.74
4.23
4.53

3.78
4.19
4.47

3.82
4.20
4.51

3.70
4.22
4.65

3.68
4.12
4.44

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

4.52
5.72
5.69

4.55
5.73
5.69

4.67
5.71
5.64

4.57
5.62
5.57

4.66
5.64
5.56

4.84
6.01
5.74

4.58
5.69
5.64

68.09

68.08

68.59

69.28

69.34

67.66

68.59

Average yields on corporate bonds (Moody's)
Aaa
Baa

7.73
7.34
8.22

7.71
7.33
8.20

7.72
7.30
8.25

7.70
7.27
8.25

7.67
7.22
8.22

7.71
7.30
8.24

7.71
7.30
8.23

State and Local Government Aaa (Moody's).

5.10

5.20

5.15

4.90

4.85

5.16

5.09

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

4.55
4.38
4.25

Prime Loan (Leading City Banks) . . . . . . . . .
Stock Exchange call loans--going rate

Price of Long-Term Treasury bonds 3/

1/
2/
3/
4/
*

— —•

5 .00

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 April 17, 1972—a range of 5--5-1/4 May 30—5-all banks
Daiiv averages are based on number of calendar days in period.
**Bilis quoted on bank discount basis.




GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD

June 12, 1972