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FEDERAL

RESERVE

statistical

r e l e a s e

OPEN MARKET MONEY RATES AND BOND PRICES

G. 13
Average of Daily Figures *

Commercial paper (prime, 4 to 6 mos.). . . . . .
Finance Paper placed directly (3 to 6 mos.). . .
Bankers' Acceptances (prime, 90 days). . . . . .
Prime Loan (large-business prime rate-majority).

May. 3
5.71

May 10
5.42

6.03
6.15
6.00
6.07
7.50

5.98
6.08
6.00
6.00
7.50

Weekly
May 17
5.20

Monthly
April I May
5.49
5.22

May 24
5.13

May 31
5.14

5.78
5.93
5.78
5.83
7.50

5.48
5.60
5.55
5.58
7.25(5/20)

5.38
5.50
5.50
5.45
7.25

6.11
6.15
5.97
6.15

7.38

7.25

7.66

- -

5.70
5.82
5.74
5.76
—

7.42

Stock Exchange call loans—going rate. . . . . .

7.50

7.50

7.50

Discount rate (Federal Reserve Bank of New York)
Yields on U.S. Government Securities
Auction average:

6.25

6.25

i 00(5/19

6.00

6.00

5.716
6.158

5.356
5.724

5.182
5.481

5.115
5.412

5.206
5.469

5.694
6.012

5.315
5.649

5.51
5.95
6.36

5.41
5.77
6.13

5.04
5.51
5.81

5.16
5.45
5.74

5.23
5.50
5.80

5.61
6.00
6.40

5.23
5.59
5.91

6.81
7.87
7.09

6.52
7.64
6.98

6.20
7.45
6.94

6.15
7.34
6.98

6.21
7.38
7.03

6.83
7.76
7.03

6.31
7.49
6.99

.

56.63

57.45

57.72

57.47

57.11

57.05

57.40

Average yields on corporate bonds (Moody1s). . .

9.57
9.01
10.43

9.56
8.96
10.45

9.55
8.88
10.47

9.53
8.85
10.46

9.55
8.90
10.47

9.49
8.95
10.34

9.55
8.90
10.46

6.40

6.35

6.35

6.50

6.50

6.46

6.42

Market Yield: 2/

Market Yield:
Other taxable issues, 9 to 12 months . . . .

Price of Long-term Treasury bonds 4 / . . . . .

State and Local Government Aaa (Moody's) . . . .
1/
2J
3/
4/
*

—

7-day average for statement week ended on preceding Wednesday.
Bills quoted on bank discount basis.
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.
Average of daily figures except state and local Governments, which are based on Thursday figures.
GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD




JUNE 6, 1975