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FEDERAL

RESERVE

statistical

OPEN MARKET MONEY RATES AND BOND PRICES
Weekly
Feb. 13
Feb. 20
Feb. 6
4.00
4.00
4.00
Federal Funds (Effective Rate)* . • • • • • •
G. 13

Feb. 27
3.93

4.27
4.12
4.10

4.50

4.50

3.989
4.043

3.828
3.944

3.929
4.003

3.94
4.02
4.02

3.99
4.04
4.04

3.81
3.94
3.91

3.93
4.00
4.00

3.96
4.08
4.16

3. 99
4.09
4.16

4.04
4.10
4.16

3.87
4.06
4.14

3.97
4.08
4.16

84.42

84.36

84.36

84.56

84.40

4.25
4.05
4.05

4.25
4.06
4.13

Prime Loan Rate (Leading City Banks)- • • • •. • •

4.50

4.50

4.50

4.50

Stock exchange call loans--going rate • • • • • •

4.50

4.50

4.50

4.50

Discount rate (Federal Reserve Bank of New York)

4.00

4.00

4.00

4.00

3.888
3.968

3.903
3.987

3.936
4.015

3.89
3.97
3.97

3.90
3.99
3.99

3.91
4.07
4.15
84.46

arket Yield:
Other taxable issues, 9 to 12 months.
Taxable issues, 3 to 5 years
Bonds--Long-term taxable 2/
Price of long-term Treasury Bonds 3/. • • •

Monthly
January 1965
February 1965
3.90
3.98
4.25
4.05
4.00

d ^ b e r c i a l paper (prime, 4 to 6 mos.) • •
Finance paper placed directly (3 to 6 mos.)
Bankers' acceptances (prime, 90 days) • • •

Yields on U. S. Government securities
Auction average:
3-month bills .
6-month bills .
Market yield:*
3-month bills .
6-month bills .
One-year bills

release

4.25
4.13
4.13

4.34
4.25
4.13

Average yield on corporate bonds (Moody's)
4.43
4.41
4.41
4.41
4.41
Aaa
4.80
4.78
4.78
4.79
4.79
Baa
3.03
2.99
2.94
State and local Government Aaa (Moody* s)«
2.94
2-97
1/ Average of daily figures except state and local Government, 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 basis of an assumed 3 per cent, 20-year bond.
* Bills quoted on bank discount basis.
GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD




March

4.41
4.78
2.97

8, 1965

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