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FEDERAL

statistical

RESERVE

release

CORRECTED COPY
OPEN MARKET MONEY RATES AND BOND PRICES
Weekly
Average of Daily Figures If
Oct. 19
Oct. 12
Oct. 5
5.96
5.75
T.9T
rw&val Funds (Effective Rate)*

G. 13

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

5.75
5.50
5.63

Prime Loan Rate (Leading City Banks).

6.25c

Stock Exchange call loans--going rate

6.50

5.75
5.50
5.75
6.00—6.25c
6.50

Oct. 26
5.83

Nov. 2
5.91

Monthly
Oct.
Sept.
5.92
5.78
5.82
5.61
5.63

5.80
5.59
5.79

6.50

6.50

5.78c
5.60
5.85

5.88c
5.60
5.88

5.88
5.73
5.88

6.25c

6.25c

6.25c

6.50

6.50

6.50

Discount rate (Federal Reserve Bank of New York)

5.25

5.25

5 25

5.25

5.25

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

5.182
5.283

5.277
5.362

5.345
5.428

5.396
5.457

5.471
5.473

5.202
5.251

5.334
5.401

5.21
5.31
5.21

5.31
5.38
5.28

5.34
5.43
5.34

5.40
5.43
5.37

5.48
5.50
5.45

5.20
5.26
5.19

5.35
5.41
5. 33

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

5.34
5.34
5.15

5.41
5.43
5.25

5.45
5.43
5.28

5.47
5.43
5.24

5.52
5.42
5.26

5.40
5.30
509

5.44
5.42
5.24

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

73.35

72.35

72.03

72.46

72.20

73.95

72.44

6.49
6.16
6.92

6.35
5.97
6.79

6.43
6.09
6.84

4.25

4.23

4.21

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

• •

6.02

6.10

6.78

6.06
6.79

6.84

6.47
6.13
6.88

4.14

4.22

4.22

4.21

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

6.37

State and Local Government Aaa (Moody's).

6.40

6.43

If Average of daily figures except state and local Governments, which are based on Thursday figures.
2/ Includes all bonds maturing or callable in 10 years or more.
3/ Prices derived from average market yields on the basis of an assumed 3 per cent, 20-year bona.
* caily'averages are based on number of calendar days in period. **BiUs are quoted on bank discount basis.
.GOVERNMENT FINANCE SECTION, FEDERAL RESERVE, BOARD
c--corrected.
^
November 19, 1968