Full text of G.13 Selected Interest Rates : March 10, 1969

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FEDERAL
G. 13

ft-U Rt** •
Average of D a i l y F i g u r e s ly

Federal Funds ( E f f e c t i v e Rate)* . . . .

RESERVE

s t a t i s t i c a l

OPEN MARKET MONEY RATES AND BOND PRICES
Weekly
Feb. 1
Feb. 8
Feb. 15
Feb. 22
6.75
6.75
6727
6.32

r e l e a s e

Monthly
Mar. 1
6.61

Jan.
6.30

Feb.
6.64

6.53
6.14
6.46

6.62
6.33
6.47

Commercial p a p e r ( p r i m e , 4 t o 6 mos.)
• n a n c e paper p l a c e d d i r e c t l y (3 t o 6 mos.) . . .
Bankers' Acceptances (prime, 90 days)

6.50
6.25
6.38

6.50
6.25
6.38

6.50
6.13
6.38

6. 70
6.38
6.45

6.75
6.38
6.63

Prime Loan Rate (Leading City Banks)

7.00

7.00

7.00

7.00

7.00

S t o c k Exchange c a l l l o a n s - - g o i n g r a t e . . . . . .

7.00c

7.00

7.00

7.00

7.00

6.97c

7.00

6.167
6.255

6.251
6.359

6.199
6.349

6.092
6.268

6.080
6.258

6.177
6.312

6.156
6.309

6.16
6.27
6.07

6.19
6.34
6.19

6.09
6.28
6.14

6.08
6.26
6.18

6.10
6.30
6.26

6.13
6.28
6.05

6.12
6.30
6.19

6.22
6.01
5.79

6.19
6.08
5.88

6.16
6.07
5.76

6.21
6.18
5.86

6.26
6.29
5.93

6.26
6.04
5.74

6.21
6.16
5.86

Discount rate (Federal Reserve Bank of New York).
Y i e l d s on U. S. Government S e c u r i t i e s
Auction a v e r a g e :
3-month b i l l s . .
6-month b i l l s
Market y i e l d s : * *
3-month b i l l s .
1 -year b i l l s .

. . . . . . . . . . . . . . . .

^Market yield:
V
O t h e r 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/ . . .
.

67.17

66.43

67.46

66.55

65.96

67.61

66.55

Average y i e l d s on c o r p o r a t e bonds (Moody's) . . .
Aaa
Baa

6.87
6.59
7.27

6.90
6. 63
7.29

6.94
6. 66
7.31

6.93
6. 66
7.28

6.94
6. 68
7.30

6.89
6.59
7.32

6.93
6.66
7.30

S t a t e and Local Government Aaa (Moody's)

4.60

4.72

4.72

4.70

4.80

4.58

4.74

P r i c e of l o n g - t e r m T r e a s u r y bonds ^3/. . . . . .

2 / I n c l u d e s a l l bonds m a t u r i n g o r c a l l a b l e i n 10 y e a r s or more.
3 / P r i c e s d e r i v e d from a v e r a g e market y i e l d s on t h e b a s i s of an assumed 3 per c e n t , 20-year bond.
*
D a i l y a v e r a g e s a r e based on number of c a l e n d a r days i n p e r i o d .
** B i l l s are quoted on bank discount b a s i s .
c— c o r r e c t e d ,
March 10, 1969
GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD