Full text of G.13 Selected Interest Rates : May 13, 1963
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OPEN MARKET MCNEY RATES AND BOND PRICES Weekly Average of d a i l y f i g u r e s 1 / Apr. 6 Apr. 27 Apr. 13 Apr.. 20 Federal Funds ( E f f e c t i v e rate)* 3.00 2.98 2.89 G.13 ' Mav h 2.98 Monthly Mar. 19o3 2.98 Commercial paper (prime, It t o 6 rrics.) . . . . . Finance paper placed d i r e c t l y (3 t o 6 mos.) . . acceptances (prime, 90 days) . . . . . 3.38 3.25 3.13 3.38 3.19 3.13 3.30 3.13 3.13 3.25 3.13 3.13 3.25 3.13 3.13 Prime Loan Rate (Leading City Banks) . . . li.50 It. 50 In 50 it. 50 in 50 , . . . . in 50 1).50 In 50 in 50 it. 50 Discount rate (Federal Reserve Bank of Mew York) 3.00 3.00 3.00 3.00 3.00 2.922 2.913 2.978 3.010 2.917 2.88b .2.982 2.898 2.988 2.897 2.950 2.91 2.98 2.99 2.90 2.98 2.90 2.89 2.98 3.05 3.00 3.59 3.98 2.90 2,99 3.05 3.CO 3.56 3.98 2.89 2.95 2.97 2.99 3.50 3.93 86.55 86.55 87.15 Stock Exchange c a l l loans—going rate Yields 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 Market y i e l d : 3-month b i l l s . . . . 6-month b i l l s . . . . . . . . . . . 9-12 month b i l l s .' ^ j f l i e r taxable i s s u e s , 9 t o 12 months ^Rotable i s s u e s , 3 t o 5 years « . . . Bonds—Long-term, taxable 2 / . . . Price of long-term Treasury bends 3 / . . . . . 2.982 3.00 3.00 3.02 3.53 3.95 3.01 3.51 3.96 3.07 3.0U 3.59 3.99 87.00 86.79 86.50 3.3U 3.15 3.13 it.50 Average y i e l d on corporate bonds (Moody's) it.19 it. 22 it.22 Aaa in 20 it. 20 It. 21 in 88 it.87 it. 87 in 87 Baa . . . . . . . . . . . . . . . . . . . It. 87 in 87 2.97 3.00 3.01 2.99 State and l o c a l Government. Aaa (Moody's) 2.9h 2.95 1 / Average of daily f i g u r e s except s t a t e ard l o c a l Government, which are based on Thursday f i g u r e s . 2 / Includes a l l bonds maturing or c a l l a b l e i n 10 years or more. 3 / Prices derived from average market y i e l d s on b a s i s of an assumed 3 per cent, 2C-year bond. ""Daily averages are based on number of calendar days i n period and are not comparable with e a r l i e r G.13 f i g u r e s , which are based on number of trading days. Comparable back f i g u r e s may be obtained from the Market S t a t i s t i c s Department, FEB of New York. GGmiTiiEKF FINANCE SECTION May 1 3 , 1963