Full text of G.13 Selected Interest Rates : October 10, 1960

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

G.13

F e d e r a l Funds ( E f f e c t i v e r a t e )

OPEN iiiRKET MONEY RATES AND BOND PRICES
Monthly
Weekly
S e p t . 10 S e p t . 17 S e p t . 24 Oct. 1 Aug. I960
Sept. 3
3.000
2.600
1.550
O50"
2.938

3.00

3.00

3.45
3.19

4.50

4.50

4.50

4.50

4.50

4.50

4.50

4.50

4.50

3.00

3.00

3.00

3.00

3.00

2.550
2.825

2.520
2.802

2.654
2.916

2.434
2.743

2.286
2.729

2.574

2.53

2.53
2.83

2.58

2.43
2,80

2.35

2.30
2.59

3.25
3.01

3.25

3.00

3.06
3.00

Prime Loan Rate (Leading C i t y Banks)

4.50

Stock Exchange c a l l loans—going r a t e l /
Discount r a t e ( F e d e r a l Reserve Bank of New York)
Yields on U. S. Government s e c u r i t i e s l /
Auction average:
3-month b i l l s . . . . .
. . . .
6-month b i l l s
Market y i e l d :
3-month b i l l s . . . . . . . . . . . .
6-month b i l l s .
^ f i - 1 2 month b i l l s . . . .
e i t h e r t a x a b l e i s s u e s , 9 t o 12 months
Taxable i s s u e s , 3 t o 5 y e a r s .
Bonds—Long-term, t a x a b l e 2 j
P r i c e of long-term Treasury bonds j /
Average y i e l d on c o r p o r a t e bonds (Moody's) l /
Aaa
.
Baa
Statte and l o c a l Government, Aaa 4 /
1/
2/
3/
4//

3.34
2.94

3.50
3.19

Commercial paper (prime, 4 t o 6 mos.) l /
#
F i # k c e paper p l a c e d d i r e c t l y (3 t o 6 mos.) 1/
B a ^ r e r s ' a c c e p t a n c e s (prime, 90 days) JL/

2.82
2.8 7

3.40
3.11

3.00

2.82

3.04

4.85

2.286

2.82

2.93
3.51
3.84

2.98
3.51
3.84

2.87
2.89
3.03
3-53
3.84

2,98
3.47
3.79

2.87
2.99
3-50
3.81

2.89
3.50
3.79

88.40

88.28

38.35

88.99

88.74

88.93

4.23
5.01
2.99

4.23
4.98
3-03

4.26
4.99
3.13

4.26

2.8?

5.02
3.13

4.27s
5.05B/
3.18

2.82

4,28
5.08

3.10

Average of d a i l y f i g u r e s .
P / Preliminary
I n c l u d e s a l l bonds maturing c r c a l l a b l e i n 10 y e a r s or more.
P r i c e s d e r i v e d from average market y i e l d s on b a s i s of an assumed 3 per c e n t , 20-year bond.
Moody's I n v e s t o r S e r v i c e ; monthly and weekly d a t a a r e based on Thursday f i g u r e s .

GOVERNMENT FINANCE SECTION, FSTKRAI. RESERVE BOrtRD



October 10, i960