Full text of G.13 Selected Interest Rates : May 14, 1973

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FEDERAL

RESERVE

s t a t i s t i c a l

r e l e a s e

OPEN MARKET MONEY RATES AND BOND PRICES

G.13

A v e r a g e s of D a i l y F i g u r e s 1/

Mar. 31
7-.Tr

F e d e r a l Funds ( E f f e c t i v e Rate>*

Anril 7
7.18

Weekly
APVU 14
6.84

A n r i l 21
7.23

Monthly
A p r i l 2g March ,AP
7.12
7.14
7.09

Commercial p a p e r ( p r i m e , 4 t o 6 m o s . ) . . . . • .
F i n a n c e Paper placed d i r e c t l y (3 t o 6 m o s . ) . . .
B a n k e r s 1 A c c e p t a n c e s ( p r i m e , 90 d a y s )

7.13
6.68
7.00

7.18
6.78
7.00

7.13
6.78
6.98

7.13
6.75
6.88

7.13
6.75
7.00

Prime Loan ( L a r g e - B u s i n e s s Prime R a t e ) 4 / . . . .

6-1/2

6-1/2

6-1/2

4/

6-3/4

6.85
6.44
6.82

7.14
6.76
6.97

- -

- -

6.80

7.00

—

- -

S t o c k Exchange c a l l l o a n s — g o i n g r a t e

7.00

7.00

7.00

7.00

7.00

D i s c o u n t r a t e ( F e d e r a l R e s e r v e Bank of New York)

5-1/2

5-1/2

5-1/2

5-1/2

5-1/2

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

6.251
6.632

6.531
6.814

6.187
6.268

6.187
6.389

6.251
6.630

6.054
6 .430

6.289
6.525

6.29
6.67
6.66

6.45
6.68
6.63

6.20
6.40
6.41

6.16
6.43
6.42

6.23
6.56
6.56

6.09
6.51
6.53

6.26
6.52
6.51

6.99
6.79
6.18

6.98
6.77
6.16

6.77
6.67
6.09

6.70
6.73
6.07

6.70
6.79
6.10

6.81
6.85
6.20

6.79
6.74
6.11

Market y i e l d : * *
3-month b i l l s
6-month b i l l s .
1-year b i l l s

. • . .
. . . »
. . .

.

.

.

.

.

Market y i e l d :
O t h e r 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 years . . . .
Bonds—Long-Term t a x a b l e !2/
P r i c e o f Long-Term T r e a s u r y b o n d s 3 / . . . .

63.76

63.95

64.56

64.70

64.44

63.59

64.39

A v e r a g e y i e l d s on c o r p o r a t e bonds ( M o o d y ' s ) .
Aaa.
Baa.

7.65
7.31
8.08

7.63
7.27
8.11

7.63
7.25
8.10

7.62
7.25
8.10

7.62
7.26
8.05

7.62
7.29
8.03

7.62
7.26
8.09

S t a t e and L o c a l Government Aaa (Moody 1 s)

5.10

5.05

4.85

4.90

5.00

5.07

4.95

17
2/
3/
4/
*

A v e r a g e o f d a i l y f i g u r e s e x c e p t s t a t e and l o c a l G o v e r n m e n t s , w h i c h a r e b a s e d on T h u r s d a y f i g u r e s .
I n c l u d e s a l l bonds m a t u r i n g o r c a l l a b l e i n 10 y e a r s o r m o r e .
P r i c e s d e r i v e d from a v e r a g e m a r k e t y i e l d s on t h e b a s i s of an assumed 3 p e r c e n t , 2 0 - y e a r b o n d .
E f f e c t i v e A p r i l 1 6 , 1 9 7 3 , r a t e s shown a r e f o r t h e " l a r g e - b u s i n e s s prime r a t e " ; A p r i l 18, 6 - 1 / 2 — 6 - 3 / 4 ;
A p r i l 19, 6 - 3 / 4 .
7 - d a y a v e r a g e f o r s t a t e m e n t week ended on p r e c e d i n g Wednesday.
* * B i l l s q u o t e d on bank d i s c o u n t b a s i s .

GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD


May 4 , 1973