Full text of G.13 Selected Interest Rates : March 3, 1970

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FEDERAL

RESERVE

statistic a I

release

OPEN MARKET MONEY RATES AND BOND PRICES

G.13
,

Averages of Daily Figures 1/

Jan. 31

Feb. 7
9.21

Weekly
Feb. 14
9.18

8.55
8.19
8.50

8.53
8.13
8.40

8.63
8.11
8.38

8.55
7.88
8.28

8.50
7.92
8.13

«

^^Commercial paper (prime, 4 to 6 mos.)
.
Finance paper placed directly (3 to 6 mos)
Bankers' Acceptances (prime, 90 days) . . . . . . .

Feb. 21
9.39

Monthly
Feb.
Jan.
8.98
9.98

Feb. 28
8.41

8.78
8.14
8.64

8.55
8.01
8.30

8.50

8.50

Prime Loan Rate (Leading City Banks)

.

8.50

8.50

8.50

8.50

8.50

Stock Exchange call loans—going rate

.

8.50

8.50

8.50

8.50

8.50

Discount rate (Federal Reserve Bank of New York . .

6.00

6.00

6.00

6.00

6.00

7.888
7.776

7.754
7.718

7.312
7.387

6.777
6.917

6.812
6.975

7.914
7.863

7.164
7.249

7.89
7.80
7.52

7.61
7.62
7.37

7.20
7.30
7.12

6.80
7.02
6.90

6.87
6.95
6.84

7.87
7.78
7.50

7.13
7.23
7.07

8.23
8.20
6.84

8.07
8.08
6.71

7.77
7.94
6.48

7.39
7.66
6.30

7.12
7.45
6.25

8.22
8.14
6.86

7.60
7.80
6.44

58.49

59.50

61.30

62.77

63.21

58.33

61.63

Average yields on corporate bonds (Moody's) . . . .

8.29
7.91
8.81

8.32
7.97
8.81

8.31
7.97
8.79

8.28
7.93
8.79

8.23
7.83
8.73

8.32
7.91
8.86

8.29
7.93
8.78

State and Local Government Aaa (Moody's). . . . . .

6.39

6.28

6.26

6.24

6.00

6.38

6.19

Yields on U. S. Government Securities
Auction average:

Market yield:**

Market yield:
Other taxable issues, 9 to 12 months. . . . . .
Taxable issues, 3 to 5 years
Price of Long-term Treasury bonds 3/

\/
2/
3/

Average of daily figures except state and local Governments, which are based on Thursday figures.
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.

*

Daily averages are based on number of calendar days in period.

GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD



*** Bills are quoted on bank
discount basis.
„
L „ .
March 3, 1970