Full text of G.13 Selected Interest Rates : March 15, 1971

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FEDERAL

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RESERVE

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OPEN MARKET HONEY RATES AND BOND PRICES

G.13

Average of Daily Figues 1/

Jan. 30
4.23

Federal Funds (Effective Rate)* . . . ,

Feb. 6
4.09

Weekly
Feb. 13
3.59

Commercial paper (prime,4 to 6 mos.). < . .
Inaitce paper placed directly (3 to 6 mos.)
ankers1 Acceptances (prime, 90 days)
• .

4.53r
4.69
4.45

4.63
4.63
4.35

4.63
4.53
4.13

Prime Loan Rate (Leading City Banks). .'. . . .

6.00

6.00

.

6.00
6.00

6.00

6.00

Discount rate (Federal Reserve Bank of Hew York

5.00

5.00

Yields on U. S. Government Securities . > . . .
Auction average:
3-month bills
<
6-month bills
. . .

4.201
4.235

• •
• •

Feb. 20
4.14

Feb. 27
3.46

Monthly
Jan.
Feb.
4.14 3.72
5.11

4.47
4.37
4.09

4.38
4.31
4.03
4/
5.75

4.25
4.03
3.85
5.75

\

5.75

6.28 . 5.88

5.00

5.75
5/
4.75-

4.110
4.114

3.845
3.839

3.640
3.679

3.497
3.590

4.494 3.773
4.510 3.806

4.19
4.24
4.18

4.06
4.11
4.11

3.71
3.75
3.80

3.56
3.65
3.72

3.43
3.57
3.68

4.44
4.47
4.39

3.69
3.78
3.84

.Market yield:
' Other taxable issues, 9 to 12 months.
Taxable issues, 3 to 5 years. . . . .
Bonds—Long-term taxable 2/

4.11
5.54
5.78

4.03
5.49
5.80

3.82
5.33
5.78

3.70
5.24
5.83

3.64
5.15
5.92

4.29
5.72
5.91

3.80
5.31
5.84

Price of Long-term Treasury bonds3/ . . . .

67.29

67.07

67.27

66.84

66.05

66.10

66.78

Average yields on corporate bonds (Moody's)!
Aaa
Baa

7.87
7.19
8.54

7.79
7.10
8.47

7.74
7.06
8.40

7.72
7.07
8.34

7.74
7.10
8.34

8.04
7.36
8.74

7.75
7.08
8.39

4.85
5.00
5.10
4.75
5.08
4.95
State and Local Government Aaa (Moody's).
1/ Average of daily figures except state arid local Governments, which are based on Thursday figures.
2/ Includes all bonds maturing or callable in 10 years or more.
3/ Prices derived from average market yields on the basis of an assumed 3 per cent, 20-year bond.
4/ Effective February 16, 1971. 5/ Effective February 19, 1971.
6/ Bankers1 Acceptances rate for December should be corrected to 5.32.
*
Daily averages are based on number of calendar days in period. **Bills quoted on bank discount basis.

4.92

•E

Stock Exchange call loans—going rate

Market yield:**
3-month bills . . . . .
6-month bills
1-year bills

GOVERNMENT

FINANCE SECTION, FEDERAL RESERVE BOARD




4.75

March 15, 1971