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FEDERAL

statistical

RESERVE

release

OPEN MARKET MONEY RATES AND BOND PRICES

Oct. 6 Oct. 13
™LT37T2T 9.87

Average of Daily Figures 1/

Weekly
Oct. 20
10.07

Oct. 27
9.98

Nov. 3
9.90

Monthly
Sept. Oct.
10.78 10.01
8.92
7.84
9.07

9.38
8.10
9.50

9.13
8.00
9.28

9.03
7.80
9.00

8.56
7.66
8.81

8.28
7.50
8.50

4/

4/

4/

4/

4/

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

10.10

10.00

10.00

10.00

10.00

Discount rate (Federal Reserve Bank of New York)

7.50

7.50

7.50

7.50

7.50

7.149
7.584

7.323
7.259

7.188
7.242

6.959
6.951

7.196
7.263

8.478
8.537

7.155
7.259

7.42
7.59
7.52

7.14
7.32
7.26

7.16
7.24
7.15

7.07
7.09
6.85

7.38
7.43
6.99

8.29
8.45
8.07

7.22
7.32
7.17

7.66
6.89
6.27

7.46
6.77
6.20

7.40
6.80
6.27

7.26
6.80
6.28

7.32
6.83
6.27

8.44
7.16
6.42

7.42
6.81
6.26

63.02

63.63

63.05

62.94

63.02

61.81

63.13

7.98
7.59
8.03

7.94
7.56
7.95

7.94
7.58
7.94

7.97
7.64
7.98

7.99
7.65
8.43

8.06
7.63
8.63

7.96
7.60
8.41

4.70

4.70

4.75

4.90

4.95

4.90

4.76

Finance Paper placed directly (3 to 6 mos.) • . .
Bankers1 Acceptances (prime, 90 days) . • • • • •

Yield on U.S. Government Securities . . . . . . .
Auction average:

Market Yield:**

Market Yield:
Other taxable issues, 9 to 12 months. . . . .

Price of Long-Term Treasury bonds 3/
Average yields on corporate bonds (Moody's) . . .
Baa • • • • • • •

• • • • • • * •

• • • * • *

State and Local Government Aaa (Moody's)
2J
3/
hj
*

10.23
8.90
10.19
--

10.04

—

10.02

—

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.
Effective September 27, 9-3/4--10; Oct. 1, 9-1/2—9-3/4—10.
7-day average for statement week ended on preceding Wednesday. ** Bills quoted on bank discount basis.
GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD




November 6, 1973