Full text of G.13 Selected Interest Rates : November 10, 1969

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FEDERAL

LoSSSi,:-

RESERVE

statistical

release

III

' - f^AL Rt^
OPEN MARKET MONEY RATES AND BOND PRICES
Average of Daily Figures 1/

Oct. 4
9.11

^ppderal Funds (Effective Rate)*. . . . . . . . .

Weekly
Oct. 18
Oct. 11
9.68
9.43

Monthly
Sept.
9.15

Oct. 25

Nov. 1
8.39

8.50
7.91
8.15

8.23
7.78

8.00

8.48
7.61
8.14

8.50

8.68

Commercial paper (prime, 4 to 6 mos)
Finance paper placed directly (3 to 6 mos) . . .
Bankers 1 Acceptances (prime, 90 days)

8.83
7.73
8.25

7.88
8.25

8.63
7.91
8.25

Prime Loan Rate (Leading City Banks) . . . . . .

8.50

8.50

8.50.

8.50

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

.

8.50

8.50

8.50

8.50

8.50

Discount rate (Federal Reserve Bank of New York)

6.00

6.00

6.00

6.00

6.00

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

7.106
7.340

7.046
7.289

7.042
7.327

6.975
7.265

7.030
7.263

7.125
7.31(

Market yields:**
3-month bills. . . . . . . .
6-month bills.
. . • .
1-year bills .

7.02
7.31
7.41

6.98
7.33
7.34

7.01
7.30
7.25

6.94
7.24
7.04

7.00
7.12

7.08
7.31
7.35

Market yield:
Other taxable issues, 9 to 12 months
Taxable issues, 3 to 5 years . . . .
Bonds—Long-term taxable 2/ . . . .

7.93
7.93
6.56

7.76
7.74
6.34

7.62
7.36

6.16

7.42
7.12
6.07

7.55
7.35
6.32

7.76
7.58
6.32

Price of Long-term Treasury bonds 3/ . .

60.68

62.46

63.93

64.73

62.59

62.64

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

7.66
7.28

7.74
7.37

7.77
7.39

8.21

State and Local Government Aaa (Moody's)

5.83

5.80

8.26

7.70
7.31

5.75

5.80

7.68
7.25
8.17
5.84

7.53
7.14
8.05
5.83

I
*

8.18

8.78

8.26

7.26

Average of daily figures except state and local Governments, which are )ased on Thursday figures.
Includes all bonds maturing or callable in 10 years or more.
Prices derived from average market yields on the basis of an assumed 3 per cent, 20-year bond.
Daily averages are based on number of calendar days in period.
**Bills are quoted on bank discount
basis.


GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD


November 10, 1969