Full text of G.13 Selected Interest Rates : November 12, 1971

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FEDERAL

• f*U •

G.13""

statistical

RESERVE

release
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OPEN MARKET MONEY RATES AND BOND PRICES
Oct. 2

Oct. 9
5.32

Weekly
Oct., 16
5.29

Commercial paper (prime, 4 to 6 mos.). . . . . . .
f i n a n c e paper placed d i r e c t l y (3 to 6 mos.). . . .
Bankers' Acceptances (prime, 90 d a y s ) . . . . . . .

5.75
5.44
5.40

5.75
5.44
5.23

5.63
5.39
5.03

5.45
5.24
4.98

5.25
5.06
4.88

Prime Loan (Leading City Banks). . . » . . . . . •»

6.00

6.00

5.75-

5.75

Stock Exchange c a l l loans—going r a t e . . . . . . .

6.00
6.00

6.00

6.00

5.90

5.75

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

5.00

5.00

5.00

5.00

5.00

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 . . . . . .
. . «

4.676
4.973

4.534
4.743

4.486
4.595

4.494
4.635

4.65
4.95
5.17

4.51
4.72
5.00

4.45
4.58
4.73

^ Market y i e l d :
W
other taxable i s s u e s , 9 to 12 months. . .
Taxable i s s u e s , 3 to 5 years
Bonds—Long-term taxable 2 / .

5.26
5.91
5.52

4.91
5.84
5.47

Price of Long-term Treasury bonds 3/ . . . .

69.70

Average y i e l d s on corporate bonds (Moody's).
Aaa.
Baa.
S t a t e and Local Government Aaa (Moody's)

Average of Daily Figures 1/
Federal Funds ( E f f e c t i v e Rate)*

. . . .

I

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

1/
2/
3/
4/
*

Oct. 23
5.14

Oct. 30
5.11

Monthly
Sept.
Oct
5.55; 5.20
5.75
5.44
5.49

5.54
5.30
5.05

6.00

5.92

4.443
4.530

4.668
4.934

4.489
4.626

4.47
4.56
4.67

4.36
4.47
4.49

4.69
4.97
5.20

4.46
4.60
4.75

4.73
5.68
5.44

4.70
5.62
5.47

5.31
5.96
5.56

4.74
5.68
5.46

70.17

70.53

70.15

4.51
5.53
5.43
70,60

69.35

70.33

7.95
7.46
8.52

7.93
7.44
8.49

7.90
7.42
8.48

7.87
7.37
8.47

7.82
7.31
8.44

7.97
7.44
8.59

7.88
7.39
8.48

4.90

4.80

4.65

4.65

4.90

5.09

4.75

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 Governments, which are based on Thursday f i g u r e s .
Includes a l l bonds maturing or c a l l a b l e in 10 years or more.
Prices derived from average market y i e l d s on the b a s i s of an assumed 3 per cent* 20-year bond.
E f f e c t i v e October 20, 5.75.
»
Daily averages are based on number of calendar days i n p e r i o d . "Plftyf ** B i l l s quoted on bank discount b a s i s .

GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD




November 12, 1971