Full text of G.13 Selected Interest Rates : May 8, 1961

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
OPEN MARKET MONEY RaTES AND BOND PRICES
Weekly
Average of daily figures 1/
Apr. 22
A E E ' - L - L S | Apr. 15
Federal Funds (Effective rate)
1.650 I I.55O
2.350
1.150

G.13

Commercial paper (prime, k to 6 mos.)
nce paper placed directly (j to 6 mos,)
ers1 acceptances (prime, 90 daysJ
*

2.97

2.88

2.66
2.88

Prime Loan Rate (Leading City Banks)

4.50

Stock Exchange call loans—going rate
Discount rate (Federal Reserve Bank of New York)
Yields on U. S. Government securities
Auction average:
3-month bills
....
.....
6-month bills
. . . . . . .
Market yield:
3-month bills . . . . . . . . . . .
6-month bills . . . . . . . . . . .
9-12 month bills . . .
^ O t h e r taxable issues, 9 to 12 months
Taxable issues, 3 to 5 years . . . .
Bonds—Long-term, taxable 2/ . . . .
Price of long-term Treasury bonds 3/

2.63

3,00

2.98
2.64

2.88

Apr. 29
.750

2.78

2.94

2.91
2.58
2.84

4.50

4.50

2.420
2.591

2.327
2.493

2.23
2.35
2.76

2.39
2.54
2.76

3.81

3.32
3-78

3.43
3-78

2.29
2.47
2.74
2.83
3.39

88.78

89.15

2.50
2.78

2.88

2.53
2.84

4.50

4.50

4.50

4.50

4.50

4.50

4.50

4.50

4.50

3.00

3.00

3.00

3.00

3.00

2.392
2.576

2.470

2.360

2.292
2.458

2.38

2.36

2.31
2.52

3.82

3.40

3.81

2,25
2.41
2.77
2.79
3.38

88.55

88.73

2.54
2.78

2.86
3-43
3.81

88.70

2.658
2.58
2-75
2.92
3.45

2.556

2.68

2.82

Monthly
Mar. 1961 -»ipr. 361
1.989
1.450

,186
,300

2.81

3.03
2.76

2.86

89.07

3.80
88,80

r

Average yield on corporate bonds (Moody s)
Aaa
Baa . . . . . . . . . . . . . . . . . .
State and local Government, Aaa (Moody*s)

4.22
4.24
4.23
4.26
4.28
4.22
5-02
5.01
5.00
5.00
5.01
5.02
3.30
3.30
3.24
3,30
3.24
3.23
l/ Average of daily figures except state and local Government, which are based on Thursday figures.
2, Includes all bonds maturing or callable in 10 years or more.
4
iZ Prices derived from average market yields on basis of an assumed 3 per cent, 20-year bond. v / \
2/ Preliminary.
GOVERKMEBT FINANCE SECTION, FEDERAL RESERVE BOARD




4.25 2/
5-01 2/
3.27 2/

May 8, I96I