Full text of G.13 Selected Interest Rates : June 12, 1973

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FEDERAL

RESERVE

statistical

release

OPEN MARKET MONEY RATES AND BOND PRICES

G.13

Averages of Daily Figures V
Federal Funds (Effective Rate)*.
Commercial paper (prime, 4 to 6 mos.)
Bankers

1

Acceptances (prime, 90 days)

May 5
7.43"

May 12
7.60

7.13
6.75
7.00

7.13
6.75
7.00

Weeklyf
May 26
May 19
8.06
7.81
7.28
6.75
7.13

June 2
7.95

7.38
6.95
7.33

7.53
7.13
7.41

Monthly
April
May
7.12
7.84
7.27
6.85
7.15

7.14
6.76
6.97

4/

4/

4/

4/

4/

7.00

7.00

7.15

7.35

7.50

7.00

7.18

5/

5/

5/

5/

5/

- -

- -

6.278
6.575

6.136
6.431

6.179
6.456

6.452
6.748

6 .694
6.864

6.289
6.525

6.348
6.615

6.24
6.56
6.60

6.07
6.42
6.49

6.22
6.48
6.49

6.56
6.78
6.78

6.91
6.99
6.93

6.26
6.52
6.51

6.36
6.62
6.63

6.74
6.79
6.15

6.68
6.76
6.15

6.72
6.76
6.21

6.98
6.82
6.31

7.13
6.79
6.31

6.79
6.74
6.11

6.83
6.78
6.22

64.05

64.00

63.56

62.69

62.67

64.39

63.43

7.62
7.26
8.09

7.62
7.29
8.06

4.95

4.90

Discount rate (Federal Reserve Bank of New York) .

- -

—

Yields on U.S. Government Securities
Auction average:

Market yield:**

Market yield:

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

State and Local Government Aaa (Moody's)
17
2/
3/
4/
*

7.59
7.26
8.03

7.60
7.26
8.03

7.61
7.29
8.04

7.64
7.32
8.08

7.67
7.35
8.12

4.85

4.85

4.85

4.95

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 16, 1973, rates shown are the "large-business prime rate"; May 4; 6 - 3 / 4 — 7 ,
May 7; 7 . 0 0 — M a y 24, 7 - 7 - 1 / 4 ,
5j Effective May 4; 5.75 - May 11; 6.00.
7-day average for statement week ended on preceding Wednesday. * * Bills quoted on bank discount basis.


GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD


June 12, 1973