Full text of G.13 Selected Interest Rates : May 9, 1966

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FEDERAL

RESERVE

s ta tis tic a

r e l e a s e

-

Open Market Money R a t e s and Bond P r i c e s
Weekly
A p r i l 23
A p r i l 16
April 9
April 2
4.70
4.77
; 4.68
4.75
. .

G. 13
Average of D a i l y F i g u r e s I /
F e d e r a l Funds ( E f f e c t i v e R a t e ) *

A p r i l 30
4.48

C^ymercial p a p e r ( p r i m e , 4 t o 6 m o s . )
i ^ k n c e p a p e r p l a c e d 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 ) . .

5.38
5.15
5.00

5.38
5.25
5.00

5.38
5.25
5.00

5.38
5.25
5.00

5.38
5.25
5.01

Prime Loan R a t e ( L e a d i n g C i t y Banks)

5.50

5.50

5.50

5.50

5.50

• . . .

Monthly
March
April
4.65
- i r e r
5.21
5.02
4 . 96

5.38
5.25
5.00

5.41

5.50

5.50

5.50

5.50

5.50

5.50

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 Y o r k ) . .

4.50

4.50

4.50

4.50

4.50

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

4.555
4 . 755

4.531
4.719

4.618
4.763

4.664
4.754

4.630
4.730

4 . 626
4.825

4.611
4 . 742

4.51
4.72
4. 75

4.53
4.68
4.75

4.64
4.77
4.79

4 . 65
4.74
4.75

4.64
4.74
4.75

4.58
4. 78
4.81

4.61
4 . 74
4 . 76

^•prlcet yield:
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 / . . . . . .

4.89
4.87
4.54

4.86
4.80
4.52

4. 89
4.85
4.55

4.86
4.87
4.57

4. 88
4.90
4.58

4.96
4.94
4.63

4.87
4.86
4.55

P r i c e of l o n g - t e r m T r e a s u r y bonds 3 / . . . .

79.88

80.12

79.83

79.56

79.47

78.92

79.75

Average y i e l d on c o r p o r a t e bonds (Moody's)
Aaa
.
Baa . . . . .

4. 99
5.42

4.98
5.42

4.95
5.40

4.95
5.41

4.95
5.41

4. 92
5.32

4.96
5.41

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

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

;

3.46
3.50
3.55
3.47
3.42
3.44
3.44
S t a t e and L o c a l Government Aaa ( M o o d y ' s ) . .
1 / Average of 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 Governments, which a r e b a s e d on Thursday f i g u r e s .
2/ 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 more.
3 / P r i c e s d e r i v e d f r o m 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 bond.
* D a i l y a v e r a g e s a r e b a s e d on number of c a l e n d a r days i n p e r i o d .
* * B i l l s a r e quoted on bank d i s c o u n t b a s i s .
GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD



May 9, 1966