Full text of G.13 Selected Interest Rates : May 8, 1964

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FEDERAL

RESERVE

s t atistical

OPEN MARKET MONEY RATES AND BOND PRICES
Weekly
Average of d a i l y f i g u r e s 1 /
Apr. 18
Apr. 25
Apr. 11
Apr, k
"3755"
3.50
3.50
TW
Federal Funds ( E f f e c t i v e r a t e ) * . . . . . . . .

release

May 2
3752"

C o ^ ^ r c i a l paper (prime, 4 to 6 BOS.) . . . . .
Finance paper placed d i r e c t l y (3 t o 6 mos.) . .
Bankers' acceptances (prime, 90 days) . . . . .

4.00
3.93

3.98
3.84

3.88
3.75
3.75

3.88

3.88

3.88
3.75
3.78

Prime Loan Rate (Leading City Banks)

4.50

4.50

4.50

4.50

4.50

Stock exchange c a l l loans—going r a t e

4.50

4.50

4.50

4.50

4.50

Discount r a t e (Federal Reserve Bank of New York)

3.50

3.50

3.50

3.50

3-50

3.525
3.710

3.503
3.703

3.484
3.687

3.662

3.463

3.52
3.70
3.77
3-71
4.21
4.20

3.48
3.69
3.77

3.68
4.19
4.20

3.47
3.67
3.78
3.64
4.18
4.20

3.45
3.64
3.74
3.58
4.16
4.19

83.82

83.85

83.87

83.94

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
^fc-month b i l l s
^ ^ - 1 2 month b i l l s
Other t a x a b l e i s s u e s , 9 to 12 months
Taxable i s s u e s , 3 t o 5 y e a r s
, • •
Bonds—Long-term, t a x a b l e 2 /
. . .
P r i c e of long-term Treasury bonds 3 /

3.80

Monthly
April 1964
March 1964 | A
3.47
3.43
4.00
c 3.83
3.75

3-91

4.50

4.50

3.446
3.616

3.553
3.740

3.484
3.676

3.45

3.47

3.69
3.56
4.14
4.19

3.54
3.72
3.78
3.67
4.15
4.18

3.75
3.63
4.18
4.20

83.94

84.10

83.84

3.75
3-75

3.60

3.80

3.80

3.66

Average y i e l d on c o r p o r a t e bonds (Moody's)
4.40
4.4l
4.41
4.40
4.38
4.40
4.40
Aaa
4.85
4.83
4.85
4.85
4.84
Baa.
4.85
4.85
3.12
3.14
3.12
3.10
S t a t e and l o c a l Government, Aaa (Moody's)
3.11
3.14
3.15
1 / Average of d a i l y f i g u r e s except s t a t e and 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 y e a r s o r more.
c Corrected
3 / P r i c e s derived from average market y i e l d s on b a s i s of an assumed 3 per c e n t , 20-year bond. * Daily averages a r e based
on number of calendar days i n period and a r e not comparable with e a r l i e r G.13 f i g u r e s , which were based on number of
t r a d i n g 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, Federal Reserve Bank of
New York.
*
May 8, 1964