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June 13, 1957

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
OPEN-MARKET MONEY RATES AND BOND PRICES

paper K prime, U t o 6 raos „) 1 /
"
Coi
aper pla;ed d i r e c t l y (3 t o 6 mos.) 1 /
Fin;
~
Bankers* Acceptanies (prime, 90 days) l /
Stock Exchange c a l l loans - going r a t e l /

May IT Jay 11
—inST"
3.63
3.38
3.38
3.25
3.25

Weekly
May 18
May 25
~TZT
333"
3.38
3.38
3.25
3.25

June 1
3.63
3.38
3.25

Monthly
Apr. 1957 [May 1957
1755" 3.63
3.38
3.38
3.20
3.25

U.50

It-50

U.5o

U.50

U.50

It.50

it .50

3,039
3.00
3-U3
3.51

2.909
2,93
3-36
3.55

2.89k
2.98
3.35
3,60

3-122
3.1b
3.35
3.63

3-2U5
3.26
342
3.72

3.U3
3.06
3.1tl
3.it8

3.012

3.60

3.35
3.it2

3.35
3 .Ul

3-39
3. hi

3.b0
3.U2

3.18
3.1t5

3-30
3.35

3.39
3.2*2

P r i c e of long-term Treasury bonds:
Old s e r i e s . . . . . . . . . . . . . . .
Nt^^eries-"-. . . . . . . . . . . . . . . . .

69.89
94.15

89.89
9lwblt

89.12
9U.ia

89.30
9h .19

88.15
93.60

90.15
95.h5

89.41

Average y i e l d on corporate bonds (Moody's) l /
Aaa
. .
. . . . . . . . . . . . . . . . .
Baa
. . . . . . . . . . . . . . . . . . .
S t a t e and l o c a l Government, Aaa 2 / . . . . . .

3.71
h*k8
2.97

3.72
it .50
2.99

3.73
It .53
2.99

3.75
U.5U
2.99

3.79
ii.56
3,10

3.67
U.ltU

3.7b
b.52
3.00

Yields on U. S . Government s e c u r i t i e s 1 /
B i l l s , 3 months, new i s s u e s . . . . . .
B i l l s , 3 months, market y i e l d . . . . .
Taxable i s s u e s , 9 t o 12 months . . . . .
Taxable i s s u e s , 3 t o 5 y e a r s . . . . . .
Bonds - long-term, t a x a b l e :
Old s e r i e s . . . . . . . . .
New s e r i e s * . . . . . . . . . . . . . .

F

Average of d a i l y f i g u r e s *
Moodyfs Investor Service5 monthly and weekly data are based on Thursday f i g u r e s *
3 ~ l A per cent bend of 1978-83 and beginning February 1 , 1955* 3 per cent bond of February 199$«
;RNMENF FINANCE SECTION, BOARD OF GOVERNORS




2,88

3.06
3-37

9k.20