Full text of G.13 Selected Interest Rates : May 4, 1976

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OPEN MARKET MONEY RATES AND BOND PRICES
(Yields in per cent per annum)

.•

r e I ea s e

For Immediate Release
May 4, 1976

Apr.
' 3

Apr.
10

Weekly
Apr.
17

Apr.
24

May
1

March

April

Federal funds (effective rate) 1/

4.84

4.73

4.77

4.78

4.93

4.84

4.82

Commercial paper (prime, 90 to 119 day) . . . .
Commercial paper (prime, 4 to 6 mos.)
Finance paper placed diretitly (3 to 6 mos.) . . .
Bankers' acceptances (prime, 90 days) . . . . . .
Prime loan (large business prime rate-majority) .

5.15
5.30
5.13
5.10
6.75

5.18
5.38
5.18
5.05
6.75

5.09
5.19
5.09
5.01
6.75

5.00
5.13
5.13
4.94
6.75

5.03
5.15
5.13
5.07

5.25
5.J37
5.27
5.18

5.08
5.23
5.13
5.03

Stock Exchange call loans—going rate . . . . . .

7.38

7.38

7.38

7.38

7. 3f

7.38

7.38

Discount rate (Federal Reserve Bank of New York).

5.50

5.50

5.50

5.50

5.50

Yields on U.S. Government Securities 2/
Auction average:
3-month bills
6-month bills

4.929
5.327

4.957
5.293

4.830

5.068

4.763
5.089

4.909
5.230

5.047
5.488

4.878
5.201

4.97
5.34
5.76

4.91
5.22
5.59

4.80
5.04
5.36

4.78
5.11
5.47

4.88
5.24
5.61

5.00
5.44
5.82

4.86
5.18
5.54

6.03
7.14
6:78

5.94
7.04
6.72

5.66
6.88
6.65

5.76
6.92
6.70

5.90
7.04
6.80

6.12
7.25
6.87

5.85
6.99
6.73

Average of Daily Figures*

Market yield:
3-month bills . .
6-month bills •
1-year bills . .
Coupon issues due
9 to 12 months
3 to 5 years. .
.10 years or more

.
. , .
in:

(f
i . . . . .
. . . . . . . . . . .
(long-term) 3/. . <•>. .

6.7/5

Monthly

Price of long-term Treasury bonds 3/ 4/ . .

58.91

59.42

59.95

59.55

58.76

58.23

59.33

Average yields on corporate bonds (Moody's)
Aaa . . . . . . . . . . . . . .
Baa . J . . J
. . .

9.10
8.46
9.9,2

9.08
8.42
9.90

9.03
8.36
9.85

9,01
8.36
9.81

9.01
8.41
9.76

9.18
8.52
9.99

9.04
8.40
9.83

State and local Government Aaa (Moody's).

5.77

'5.74

5.63

5.63

5.63

5.99

5.68

Hi

,i/

7-day average for statement week ended on preceding Wednesday.
Bills quoted on bank discount basis.
Bonds neither due nor callable in less than 10 years.
Prices.derived from average market yields on the basis of an assumed "3 per cent, 20-year bond.
Average of daily figures except state and local Governments, which are based on Thursday figures.




GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD

•

G.13 continued

-

n.y

OPEN MARKET MONEY RATES AND BOND PRICES
(Yields in per cent per annum)
IFederal
Funds

Period
1976—April

1
2

4.83
4.79

5
6
7
8
9

Commercial
Paper
3-month
90-119
Day
bills

6-month
bills

U.S. Government Securities
Market Yields 1/
1-year
Other issues
Issues due
bills
due in 9-12 mo. in\ 3-5 yrs.

5.25
5.13

5.01
4.96

5.38'
5.30

5.84
5.73

6.14
6.07

4.74
4.72
4.43
4.75
-4.70

5.25
5.25
5.13
5,13.
5. l5

4.91
4.90
4.93
4.90
4.89

5.24
5.24
5.25
5.19
5.16

5.64
5.60
5.63
5.56
5.50

6.02
5.96
5.96
5.90
5.85

12
13
14
15
16

4.76
4.75
5.00
4.77
4.68

5.13
J-13
5.00
5.13
( M A R K

4.84
4.78
4.79
4.78
E T

5.06
5.03
5.04
5.04
C L 0

5.35
5.34
5.36
5.37
S E D

.19
20
21
22
23

4.74
4.78
5,10
4.83
4.86

5.00
5.00
5.00
5.00
5.00

4.77
4.73
4.69
.4.78
4.92

5.08
5.08
5.05
5.13
5.23"

5.42
5.42
5.39
5.48
5.62

26
27
28
29
30

4.90
4.94
5.25
5.00
5.10

5.00
5.00
5.00
5.00
5.13

4.90
4.89
4.85
4.86
4.91

5.24
5.22
5.20
5.25
5.29

5.64
5.59
5.53
5.60
5.70

5

1/ Bills quoted on a Bank Discount basis.




..

—

..

Prices,
Long-term

Long-tetm
bonds

7.18
7.13

6.81
6.79

7.11
7.09
7.05
6.98
6.97,

6.76
6.74
6.71
6.69
6.69

6.93
6.89
6.85
6.86

6.68
6.65
6.63
6.64

59.72
59.95
60.11
60.03

5.7.2
5.73
5.66
5.76
5.92

6.91
6.91
6.85
6.90
7.03

6.69
6.69
6.68
6.71
6.74

59.64
59.64
59.72
59.48
59.25

5.89
5.90
5.87
5.87
5.99

7.04
7.05
7.02
7.02
7.08

6.79
6.79
6.78
6.80
6.86

58.87
58.87
58.94
58.79
58.33

5.74
5.64
5.62
5.62
GOOD FRIDAY)

,

58.71
58.87
.

59.09
59.25
59.48
59.64
59.64