Full text of G.13 Selected Interest Rates : March 6, 1973

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OPEN MARKET MONEY RATES AND BOND PRICES
Averages of Daily Figures V

Weekly
Feb. 17 1 Feb. 24
6.79
6.58

Mar.
6.75

Monthly
Feb.
Jan.
6.58
5.94

Feb. 3
6T35~

Feb. 10
6.21

6.10
5.83
5.98

6.20
5.95
6.13

6.22
6.00
6.13

6.25
6.00
6.13

6.30
6.05
6.30

5.78
5.56
5.60

6.22
5.97
6.14

Prime Loan (Leading City Banks) 4/. •

4/

4/

4/

4/

4/

--

--

Stock Exchange call loans—going rate

6.20

6.33

6.28

6.25

6.40

6.01

6.29

5/

1'

5/

5/

5/

--

Federal Funds (Effective Rate)* . . .
^ k m e r c i a l paper (prime, 4 to 6 mos.)
^PRiance Paper placed directly (3 to 6 mos.
Bankers1 Acceptances (prime, 90 days)

Discount rate (Federal Reserve Bank of New York) 5l
Yields on U.S. Government Securities
Auction average:
3-month bills . .
6-month bills

—

*
• • •

5.689
5.871

5.665
5.849

5.424
5.624

5.455
5.653

5.811
6.#5_

5.307
5.527

5.558
5.749

" «

5.70
5.88
5.99

5.56
5.76
5.86

5.43
5.60
5.74

5.58
5.84
5.95

5.81
6.11
6.18

5.41
5.62
5.58

5.60
5.83
5.93

5.96
6.50
6.13

5.97
6.55
6.16

5.92
6.53
6.10

6.16
6.67
6.15

6.39
6.76
6.16

5.78
6.29
5.94

6.07
6.61
6.14

64.24

63.95

64.44

64.03

63.91

65.89

64.09

Average yields on corporate bonds (Moody1s) . . .
Aaa .
Baa . . . . . . . . . • • • • •

7.54
7.20
7.95

7.56
7.22
7.97

7.57
7.23
7.97

7.57
7.22
7.97

7.57
7.25
7.97

7.49
7.15
7.90

7.57
7.22
7.97

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

5.00

5.05

4.85

4.90

5.00

4.90

4.95

Market yield:**
3-month bills
6-month bills
1-year bills. .
^^taarket yield:
Other taxable issues, 9 to 12 months
Taxable issues, 3 to 5 years
Bonds—Long-Term taxable 2/
Price

1/
2/,
3/
4/
5/
Z

—

of Long-Term Treasury bonds 3

-

.

Average
of daily figures except
state and local
Governments, which are based on Thursday figures.
A V C t d g c
V X . uaj-i-jr
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„
.
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i n trA n v o
ZYI* t t v i r o
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.
Effective Jan. 4,1973, 6-6-1/4; Feb. 14, 6.00; Feb. 27, 6-1/4.
Federal Reserve moved its discount rate to 5.00 on Jan. 15, 5-1/2 on Feb. 26.
** Bills quoted on bank discount basis.
7 „ d a y average for statement week ended on preceding Wednesday.

GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD



March 6, 1973