Full text of G.13 Selected Interest Rates : May 8, 1959

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May 8, 1959

G. 13 w

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
OPEN MARKET MONEY RATES AND BOND PRICES

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Weekly

or

Apr. 4 Apr. 11 Inpr. 18 Apr. 25

T

Way

2

2.813

3.000

3.000

3.000

2.900

Commeccial_42apjr (prime, 4 to 6 mos.) l/
Finance paper placed directly (3 to 6 mos.) 1/
Bankers' acceptances (prime, 90 days) l/

3.38
3.31

3.38
3.31

3.38
3.31

2.98

3.48
3.41
3.05

3.50
3.44
3.13

Prime Loan Rate (leading city banks)

4.00

4.00

4.00

4.00

4.00

Stock Exchange call loans —

3-75

3.75

3.75

3-75

3.75

3.00

3.00

3.00

3.00

3.00

2.841
3.236
2.84

2.948
3.249

3.075
3.351
3-09
3.36
3-70
4.04
4.01

3.105
3.361

2.831
3.189

3.33
3-78
4.09
4.05

3.17

4.08
4.05

funds ^effective rate)

going rate if

Discount rate (Federal Reserve Bank of New York
Yields on U. S. Government securities l/
Bills, 3 months, new issues
Bills, 6 months, new issues .
.
Bills, 3 months, market yield
Bills, 6 months, market yield
^fcaxable issues, 9 to 12 months
^xaxable issues, 3 to 5 years . . . . . . . .
Bonds—long-term, taxable 2/,
Price of long-term Treasury bonds 2/
Average yield on corporate bonds (Moody's) 1/
Aaa . . .
. . . . . . . . . . . .
Baa
State and local Government, Aaa 3/
jo/
l/
2/
2/

2.88

3.20

2.88

2.96




2.81

3.35

3.22
2.88

3-75

2.852
3.159

2.80

3.13
3.56

3.50
3.96
3.95

3.25
3.52
3.99
3.97

86.90

86.72

86.20

85.70

85.68

87.37

4.17
4.84
3.07

4.20
4.84
3.09

4.22
4.83
3.09

4.26
4.88
3.14

4.30
4.91
3.18

4.13
4.85

Preliminary.
Average of daily figures.
Includes all bonds maturing or callable in 10 years or more.
Moody's Investor Service; monthly and weekly data are based on Thursday figures.

GOVERNMENT FmVNCE SECTION, BOARD OF GOVERNORS

2.98

Monthly
Mar.1959 Apr.1955

3.80

3.88
3.92

3.06