Full text of G.13 Selected Interest Rates : June 5, 1964

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FEDERAL

OPEN MARKET MONEY RATES AND BONDS PRICES
Weekly
May 16
May 23
May 2
Hay 9
3742™
3.50
3.50
3.50

G.13
Average of daily figures 1/
Federal Funds (Effective rate)*

3.88

3.88

3.75

3.75
3.75

3.75
3.75

3.75
3.75

3.94
3.80
3.75

4.50

4.50

4.50

4.50

4.50

4.50

4.50

4.50

4.50

4.50

3.50

3.50

3.50

3.50

3.50

3.446

3.482
3.629

3.491
3.625

3-482
3.598

3.475
3.595

3.45

3.47
3.59
3.71
3.52
4.04
4.16

3.47

3.69
3-56
4.14
4.19

3.49
3.63
3.72
3.55
4.10
4.18

3.66

3.60

3.71
3.84
4.07
4.14

3.47
3.58
3.70
3.84
4.06
4.14

3.75
3.63
4.18
4.20

3.71
3.67
4.0?
4.16

83.94

84.14

84.36

84.58

84.54

83.84

84.38

Prime Loan Rate (Leading City Banks)

Discount rate (Federal Reserve Bank of New York)
Yields on U. 3. Government securities
Auction average:
3-month bills
. .
6-month bills
Market yield:
3-month bills
. . . .
6-month bills
^S-12 month bills
.
^^ther taxable issues, 9 to 12 months
Taxable issues, 3 to 5 years
« . .
Bonds—Long-term, taxable 2/
. . .
Price of long-term Treasury bonds 3/

Monthly
April 1964
May 1964
3.47
3.50

3.88

3.75

. . . . .

May 30
T W

release

3.88

Commercial paper (prime, 4 to 6 mos.) . . . . .
Fi^fcce paper placed directly (3 to 6 mos.) .
Bankers' acceptances (prime, 90 days) . . . . .

Stock exchange call loans—going rate

statistical

RESERVE

3.616

3.60

3.60

3.80
3.80

3.89
3.76
3.75

4.50

4.50

3.484
3.676

3.482

3.91

3.47

3.612
3.48

Average yield on corporate bonds (Moody's)
Aaa
.
4.4i
4.41
4.41
4.4l
4.40
4.4l
4.4l
Baa
4.86
4.86
4.85
4.84
4.84
4.85
4.85
State and local Government, Aaa (Moody's) .
3.12
3.10
3.12
3.08
3.12
3.07
3.09
1/ Average of daily figures except state and local Government, which are based on Thursday figures.
2J 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. * Daily averages are based
on number of calendar days in period and are not comparable with earlier G.13 figures, which were based on number of
trading days. Comparable back figures may be obtained from the Iferket Statistics Department, Federal Reserve Bank of
June 5? 19^f
New York.