Full text of G.13 Selected Interest Rates : March 8, 1966

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FEDERAL

statistical

RESERVE

release
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Open Market Money Rates and Bond P r i c e s
Weekly
Average of Daily F i g u r e s 1/
Feb. 19
Feb. 12
Feb. 5
Jan. 29
4.59
4.63
4.54
4.55
F e d e r a l Funds ( E f f e c t i v e R a t e ) * . . . . . . .
4. 88
4.88
4.88
4.88
j^bmmercial paper (prime, 4 t o 6 mos.). • • •
4.88
4.88
4.88
4.88
^ K n a n c e paper placed d i r e c t l y (3 t o 6 mos.)»
4.88
4.88
4.80
4.75
B a r k e r s ' Acceptances (prime, 90 d a y s ) . . . .
G. 1 3

Feb. 26
4.63
4.88
4.88
4.88

Monthly
January i February
4.bU
4.42 ]
4.82
4.82
4. 75

4.88
4.88
4.86

5.07

5.25

5.00

5.00

5.00

5.00

5.00

.

5.25

5.25

5.25

5.25

5.25

Discount r a t e (Federal Reserve Bank of New York).

4.50

4.50

4.50

4.50

4.50

Y i e l d s on U. S. Government S e c u r i t i e s
Auction average:
3-month b i l l s
6-month b i l l s

4.596
4. 699

4.638
4.740

4. 650
4.774

4.695
4.876

4.696
4.892

4.596
4.731

4. 670
4.820

4.57
4.68
4.67

4. 63
4.75
4.75

4.63
4.78
4.77

4.66
4.90
4. 84

4.66
4.87
4.86

4.58
4.71
4.69

4.65
4.82
4.81

4.83
4.92
4.44

4.86
4.96
4.52

4.88
5.01
4.58

4.94
5.04
4.65

4.98
5.04
4.66

4.83
4.89
4.43

4.92
5.02
4.61

81.05

80.17

79.43

78.69

78.50

81.15.

79.32

4.74
5.08

4.75
5.09

4.76
5.10

4.79
5.14

4.82
5.16

4.74
5.06

4.78
5.12

Prime Loan Rate (Leading City Banks) % . .
Stock Exchange c a l l loans—going r a t e . . . •

Market y i e l d : * *
3-month b i l l s
6-month b i l l s
One-year b i l l s
^PMarket y i e l d :
Other t a x a b l e i s s u e s , 9 t o 12 months .
Taxable i s s u e s , 3 to 5 y e a r s . . . . .
Bonds--Long-term t a x a b l e 2 / . . . . .
P r i c e of long-term Treasury bonds 3/ .
Average y i e l d on c o r p o r a t e bonds (Moody's)
Aaa
Baa . . . . . . . . . . . . . . . . . .

3.48
3.40
3.62
3.51
3.39
3.39
3.39
S t a t e and Local Government Aaa (Moody's)
1 / Average of d a i l y f i g u r e s except s t a t e and l o c a l Governments, which are based on Thursday f i g u r e s ,
2 / I n c l u d e s a l l bonds maturing or c a l l a b l e in 10 y e a r s or more.
3J P r i c e s derived from average market y i e l d s on the b a s i s of an assumed 3 per c e n t , 20-year bond.
4 / E f f e c t i v e December 6, 1965,
, ..
^ ,
.
i
*Daily averages a r e based on number of c a l e n d a r days i n p e r i g % g ^ # % ^ B i l l s are quoted on bank d i s c o u n t b a s i s .
^
March 8, 1966
GOVERNMENT FINANCE SECTION, FEDERAL RESERVE
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