Full text of G.13 Selected Interest Rates : June 4, 1959

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

G. 13

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
OPEN MARKET MONEY RATES AMD BOND PRICES
May 2

May 9

Weekly
May 16

Monthly
[ May 30 Apr. 1959 May 1959
May 23 1

Fej^al Funds (Effective Rate)

2.900

3.000

3.000

2.450

2.800

Commercial paper (prime, 4 to 6 mos.) l/
Finance paper placed directly (3 to 6 mos.) 1/
Bankers' acceptances (prime, 90 days) l/

3.50
3.44
3-13

3.50
3.44
3.13

3.50
3.44
3,13

3.63
3.44
3.20

3.63
3.44
3-25

Prime Loan Rate (Leading City Banks)

4.00

4,00

4.00

4,50*

4.50

Stock Exchange call loans - going rate 1/

3.75

3.75

3-75

4.19

4.19

Discount rate (Federal Reserve Bank of New York)

3.00

3.00

3.00

3.00

3«50**

2.831
3.189

2.935
3.316

2.722
3.408

2.869
3.376

2.81
3,17
3.80
4.08
4.05

2.83
3,29
3.86
4.10
4.05

2.76
3.35
3,93
4.18
4.09

2.85
3.32
3-97
4.1?
4.11

85.68

85.70

85.16

85.02

4.30
4.91
3-18

4.33
4.93
3,23

4.36
4.94
3.30

4,39
4.97
3.31

Yields on U. S. Government securities l/
Auction average:
Market yield:

Average yield on corporate bonds (Moody's) l/

2i Preliminary^ * Effective May 18»1959, ** Effective May 29, 1959.
1/ Average of daily figures.
2/ Includes all bonds maturing or callable in 10 years or more.
3/ Prices derived from average market yields on basis of an assumed 3 per cent, 20-year bond.
4/ Moody's Investor Service; monthly end weekly data are based on Thursday figures«
GOVERNMENT FIN- J^E f^CTTf^. ^OaRD OF GOVERNORS



i

3-42
3-36
2.98

3-56
3.44
3.17

3.75

3.96

2.8?3
3.373

2.960
3.277

2.851
3.368

2.92
3.36
3.93
4 c 18
4.08

2,95
3.27
3.66
4.03
4.01

2.84
3.32
3.92
4.16
4.08

85.28

86.21

85-31

4.42
5.01
3.31

4.23
4.86
3,12

P.Z 4.36
d/ 4.95

pj 3.29

<Jvine 4. 1959