Full text of G.13 Selected Interest Rates : June 2, 1970

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Of C-OVf •

FEDERAL

RESERVE

statistical

release

OPEN MARKET MONEY RATES AND BOND PRICES

G. 13

May 2

May 9
8.46

Weekly
May 16
7.96

May 23
7.84

May 30
7.64

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

8.13
7.29

8.00

8.35
7.36
8.13

8.30
7.38
8.08

8.18
7.45
7.93

8.13
7.56
7.98

Prime Loan Rate (Leading City Banks).

8.00

8.00

8.00

8.00

8.00

Stock Exchange call loans—going rate

8.00

8.00

8.00

8.00

8.00

Discount rate (Federal Reserve Bank of New York)

6.00

6.00

6.00

6.00

6.00

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

6.876
7.253

7.184
7.493

6.994
7.202

6.828
6.996

6.83
7.17
7.19

6.80
6.93
7.06

6.78
7.00
7.13

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

7.56
7.87
6.79

7.65
7.96
6.85

Price of Long-term Treasury bonds 3/. . . . .

58.87

58.41

Averages of Daily Figures 1/
Fodaral Funds (Effective Rate)* .

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

. . . . . . .

Monthly
May
7.94
8.10

Apr.

8.06r
7.26
7.54

8.23
7.43
8.02

8.00

8.00

7.133
7.355

6.480
6.568

7.035
7.262

6.72
6.95
7.08

7.00
7.15
7.19

6.50
6.61
6 . 54

6.83
7.02
7.12

7.63
7.98
6.83

7.70
7.97
6.88

7.77
7.98
7.21

6.96
7.49
6.53

7.69
7.97
6 . 94

58.56

58.20

55.76

60.89

57.78
8.46
8.11
8.98
6.70

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

8.27
7.92
8.82

8.36
7.99
8.90

8.44
8.09
8.95

8.49
8.16
9.02

8.56
8.21
9.10

8.20
7.83
8.70

State and Local Government Aaa (Moody's)

6.50

6.55

6.70

6.74

6.80

6.24

1/ Average of daily figures except state and local Governments, which are based on Thursday figures
2/ Includes all bonds maturing or callable in 10 years or more.
3/ Prices derived from average market yields on the basis of an assumed 3 per cent, 20-year bond.
r--revised
**Bills are quoted on bank discount basis.
* Daily averages are based on number of calendar days in period.
June 2, 1970
FINANCE SECTION, FEDERAL RESERVE BOARD
Digitized for GOVERNMENT
FRASER