Full text of G.13 Selected Interest Rates : March 4, 1959

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B&S MR 1061
March It, 1959

G.13 :
B O A R D CF GOVERNORS ( F T H E FEDERAL RESERVE SYSTEM

OPEN MARKET MONEY RATES AND BOMB PRICES

o

Jan, 31 Feb. 7

Monthly
Weekly
Feb. lit [Feb. 21 Feb. 28 Jan. 1 * 9 Feb.19^9

Feder^llfunds ( e f f e c t i v e r a t e )

2.500

2.500

2.250

2.300

Commercial paper (prime, It t o 6 mos.) l /
Finance paper placed d i r e c t l y (3 t o 6 mos.) 1 /
Bankers' acceptances (prime, 90 days) 1 /

3.38
3.13
2.75

3.30

3.25

3.25

2.75

Prime Loan Rate (leading c i t y banks)

li.00

Stock Exchange c a l l loans—going r a t e 1 /

2.500
3.25

3.00

3.00

2.75

2.75

2.75

h.00

Loo

It.00

It. 00

3.75

3.75

3.75

3.75

3.75

Discount rate (Federal Reserve Bank of New York)

2.50

2.50

2.50

2.50

2.50

Y i e l d s on D. S . Government s e c u r i t i e s
B i l l s . 3 months, new i s s u e s
B i l l s j 6 months, new i s s u e s
s , 3 months, market y i e l d
.
s , 6 months, market y i e l d
Taxable i s s u e s , 9 t o 12 months
.
Taxable i s s u e s , 3 t o 5 years
Bonds—long-term, taxable 2 /
.

2.975
3.337
2.77
3.lit
3.38
3.92
3.94

2.721

2.810

2.726

2.589
2.978

»

l/
,
. . . . .
. . . . .
. . . . . .

P r i c e of long-term Treasury bonds 3 /
Average y i e l d on corporate bonds (Moody's) 3./
Aaa . . . . . . . . .
•
Baa . .
S t a t e and l o c a l Government, Aaa a /

,

3.00

3.107
2.70
3.12
3.UU
3.9li
3.93

3.00

3.326
2.72

3.20
3.to
3.92
3.92

3.253
2.63
3.07
3.33
3.77
3.91

3.26

3.75

3.75

2.837
3.097
2.82
3.09

2.712

3.00
2.75

3.166

3.77
3.90

3.86
3.90

2.70
3.12
3.38
3.85
3.92

3.13

3.3k

3.26

87.08

87.20

87.33

87. W

87.61

87.5k

87.38

U.16
U.90

U.15
li.90

It.lit
it. 90
3.18

it.lit
It. 89
3.13

it. 13
it.89
3.11

it. 12
it. 87
3.19

pA.Hi

3.20

3.20

g / Preliminary.
l / Average of d a i l y f i g u r e s .
1 / Includes a l l bonds maturing or c a l l a b l e i n 10 years or more.
,
,
1 / P r i c e s 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.
TT/ Moody's Investor Service; monthly and weekly data are based on Thursday f i g u r e s .



2.76

3.30
3.05
2.75