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.-aMfc

FEDERAL

statistical

RESERVE

G. 13

release

OPEN MARKET MONEY RATES AND BOND PRICES

Nov:, 1
8.39

Nov. 8
9.07

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

8.23
7.78
8.00

8.19
7.88
8.00

Prime Loan Rate (Leading City Banks)

8.50

Stock Exchange call loans--going rate . . . . . .

f e d e r a l Funds(Effective Rate)* . . . . . . . . .

Weekly
Nov. 15
9.32

Nov. 22
8.79

1

Nov. 29
8.32

Oct.
8.71

Mcmthly
Nov.
8.85

8.57
7.86
8.17

8.46
7.92
8.18

8.50

8.50

8.41
7.94
8.00

8.58
7.93
8.20

8.63
7.94
8.50

8.50

8.50

8.50

8.50

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 . . . . . .

7.030
7.263

6.998
7.281

7.157
7.435

7.141
7 .518

7.476
8.027

7.040
7.297

7.193
7.565

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

7.00
7.26
7.12

7.07
7.38
7.06

7.14
7.45
7.15

7.24
7.74
7.50

7.49
7.90
7.77

6.99
7.29
7.22

7.24
7.62
7.38

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

7.55
7.35
6.32

7.70
7.45
6.34

7.87
7.54
6.46

8.05
7.68
6.61

8.09
7.60
6.60

7.63
7.47
6.27

7.94
7.57
6.51

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

62.59

62.46

61.44

60.30

60.30

63.05

61.08

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

7.68
7.25
8.17

7.68
7.26
8.19

7.70
7.29
8.19

7.78
7.38
8.28

7.89
7.50
8.38

7.72
7.33
8.22

7.76
7.35
8.25

State and Local Government Aaa (Moody's).

5.84

5.75

5.78

5.95

6.05

5.80

5.88

1/
1/
3/
*

* •

,

Average of daily figures except state and local Governments, which are bai
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.

Digitized forGOVERNMENT
FRASER
FINANCE SECTION, FEDERAL RESERVE BOARD


November 3, 1969