Full text of G.13 Selected Interest Rates : June 3, 1974

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——:9fl

FEDERAL

'4

RESERVE

statistical

release

iii
OPEN MARKET MONEY RATES AND BOND PRICES

G.13

Average of Daily Figures V
Federal Funds (Effective Rate)*

May- 4
11. 17

May 11
11.29

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

10. 73
8. 70
10. 35

10.83
8.90
10.70

£/

Prime Loan (Large-business prime rate) Majority

4/

Weekly
May 18
11.46
10.80
9.00
10.75
4/

May 25
10. 95

Junei- 1
11. 54

Mont hly
May
April
11.31
10 .51
9 .79
8 .43
9 .61

10.38
9.00
10.75

10.31
9.00
10.75

11,,50

11..50

—

11..75

11. 75

10 .23

10.62
8.94
10.68
- -

11.48

10. 90

11.25

11.50

Discount rate (Federal Reserve Bank of New York)

8. 00

8.00

8.00

8,.00

8..00

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

8. 909
8. 796

9.036
9.006

8.023
8.031

8,.197
8 .440

7,.983
8..205

8 .229
8 .171

8.430
8.496

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

8.,81
8..73
8.,45

8.60
8.71
8.46

8.00
8.12
8.11

7.90
8.28
7.99

8..04
8,.26
8 .06

8 .33
8 .32
8 .08

8.23
8.40
8.21

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

9.10
8.29
7.11

9.21
8.51
7.09

8.79
8.20
7.02

8.39
8.09
7.08

8 .46
8 .07
7 .06

8 .66
7 .99
7 .04

8.78
8.24
7.07

56. 49

56.66

57.12

56 .69

56 .84

57 .01

56.81

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

8.,62
8. 34
8. 99

8.64
8.38
9.02

8.67
8.36
9.07

8 .71
8 .38
9 .16

8,.75
8,.39
9 .23

8 .50
8 .25
8 .88

8.68
8.37
9.10

State and Local Government Aaa (Moody's)

5. 80

5.90

5.90

5 .90

5 .95

5 .45

5.89

Stock Exchange Call Loans—going rate

Price of Long-term Treasury bonds 3/

2/
3/
4/
*

--

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 30, 1974, 1,050; May 2, 10.75; May 6, 11.00; May 10, 11.25; May 17, 11.50.
^
7-day average for statement week ended ort preceding Wednesday. **Bills quoted on bank discount basis.

GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD


JUNE 3, 1974