Full text of G.13 Selected Interest Rates : June 9, 1961

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G.13

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
OPEN MARKET MONEY RATES AND BOM) FRIGES
Weekly
1 /
-L/
May 2 0
May 6
May 2 7
May 1 3
2.700

2.550

Commercial paper (prime, U t o 6 mos,)
Ru^mce paper placed d i r e c t l y (3 t o 6 mos.)
H k e r s 1 acceptances (prime, 90 days)

2.75
2.50
2.75

2.75
2.50
2.63

2.75
2.50
2.63

2.75
2.50
2.68

2.88
2,58
2.75

Prime Loan Rate (Leading C i t y Banks)

U.50

U.50

U.5o

U.50

U.50

Stock Exchange c a l l loans—going r a t e

It.50

it.50

U.50

U.50

U.50

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

3.00

3.00

3 C 0 0

3.00

3.CO

2.300
2.U17

2.232
2,1)23

2.26U
2.U35

2.35U
2.U70

2.22
2.38
2,69
2.76
3.23
3.72

2.23
2»U0
2.66
2.75
3.15
3.70

2,29
2.U3
2.70
2.82
3.2U
3.71

89.85

90*17

U.2 9
5.02
3.2U

U,27
5.01
3r2h

m

2.L00

CM

^00' -

s

F e d e r a l Funds ( E f f e c t i v e r a t e )

Oune 3

Monthly
|| May

Apr. 1961
1.U50

j

1?61
2TO?3""'~™

2.91
2.58
2.8U

2.76
2.50
2.68

U.50

U.50

2.U38
2.593

2.327
2.U93

2.288
2.U36

2.39
2.53
2.80
2.91
3.U3
3.78

2,38
2.60
2.82
2.98
3-56
3,79

2.29
2.U7
2,7U
2,83
3.39
3.80

2.29
2.UU
2.72
2.82
3.28
3.73

90.01

89,17

88.96

88.80

89.7U

U.25
5.oi
3.2U

U,27
5.01
3.27

Yields on U, S. Government s e c u r i t i e s
Auction average:
Market y i e l d :
9-12 month b i l l s
Other t a x a b l e i s s u e s , 9 t o 12 months
Taxable i s s u e s , 3 t o 5 y e a r s
Bonds—Long-term, t a x a b l e 2 /

, . •
*

Average y i e l d on c o r p o r a t e bonds (Moody's)
S t a t e and l o c a l Government, Aaa (Moody's)

I

U.29p/
5.02p/
3,28"

U.25
5.01
3,27

U.27
5.01
3.25 P /

I n c l u d e s a l l bonds maturing or c a l l a b l e i n 10 y e a r s or more.
P r i c e s d e r i v e d from average market y i e l d s on b a s i s of an assumed 3 p e r c e n t , 20-year bond*
Preliminary.

GOVERNMENT F I N A N C E S E C T I O N ,




F E D E R A L R E S E R V E BOARD

June 9, 1961