Full text of G.13 Selected Interest Rates : June 7, 1965

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FEDERAL

RESERVE

statistical

r e l e a s e

Illl
OPEN MARKET MONEY RATES AND BOND PRICES
Weekly
May 1
May 8
May 15
Federal Funds ( E f f e c t i v e Rate) . . . .
4.07
4.02
4.12

G» 13

Averages of Daily Figures 1/

May 22
4.07

May 29
4.07

Monthly
April 1965
4.09

CQHftsrcial paper (prime, 4 to 6 mos.).
F^ptice paper placed d i r e c t l y (3 to 6 mos
Bankers 1 acceptances (prime, 90 days), .

4.38
4.25
4.25

4.38
4.25
4.25

4.38
4.25
4.25

4.38
4.25
4.25

4.38
4.25
4.25

Prime Loan Rate (leading City Banks) . .

4.50

4.50

4.50

4.50

4.50

Stock exchange c a l l loans—going r a t e . .

4.70 r

4.75

4.75

4.75

4.75

Discount r a t e (Federal Reserve Bank of New York)

4.00

4.00

4.00

4.00

4.00

3.916
3.977

3.901
3.950

3.893
3.950

3.897
3.955

3.889
3.945

3.932
3.992

3.91
3.98
3.98

3.89
3.95
3.96

3.89
3.96
3,96

3.90
3.95
3.96

3.88
3.94
3.95

3.93
3.99
4.00

ket Yield:
ther taxable i s s u e s , 9 to 12 months
Taxable i s s u e s , 3 to 5 years . . . .
Bonds—Long-term taxable 2J

3.97
4.12
4.15

3.97
4.10
4.14

3.98
4.11
4.14

4. 01
4.11
4.14

4.00
4.10
4.14

4.00
4.12
4.15

Price of long-term Treasury Bonds 3/ . .

84.53

84.58

84.58

84.60

84.55

84.53

Yields on U. S. Government s e c u r i t i e s
Auction average:
3-month b i l l s
. . . . . . . . . .
6-month b i l l s . . . . . .
•
Market y i e l d : *
3-month b i l l s
6-month b i l l s
. . . . . . . .
One-year b i l l s . . .

«

Average y i e l d on corporate bonds (Moody's)
4.44
4.43
4.45
Aaa.
4.43
4.43
4.82
4.81
4.80
4.80
Baa.
• . • . . • . .
4.80
3.09
3.09
3.09
S t a t e and Local Government Aaa (Moody's)
3.09
3.09
1/ Average of d a i l y f i g u r e s except s t a t e and local Government, which are based on Thursday f i g u r e s .
If Includes a l l bonds maturing or c a l l a b l e in 10 years or more.
3/ Prices derived from average market y i e l d s on b a s i s of an assumed 3 per cent, 20-year bond.
* B i l l s quoted on bank discount b a s i s .
r : revised.
GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD



4.38
4.25
4.19
4.55 r

4.43
4,80
3.09

June 7, 1965