Full text of G.13 Selected Interest Rates : October 11, 1965

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statistical

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OPEN MARKET MONEY RATES AND BOND PRICES
Weekly
Average of Daily Figures 1/
Sept. 18
Sept. 11
Sept. 4
4.13
4.11
4.05
Federal Funds (Effective Rate)*. . . . .
. .

r e l e a s e

G. 13

Sept. 25
4.13

Oct. 2
3.71

4.38
4.25
4.25

4.38
4.25
4.25

4.38
4.25
4.25

4.38
4.25
4.25

4.50

4.50

4.50

4.50

4.50

Stock exchange call loans—going rate

4.75

4.75

4.75

4.75

4.75

Discount rate (Federal Reserve Bank of New York)

4.00

4.00

4.00

4.00

4.00

Cofl^fcrcial paper (prime, 4 to 6 mos.). . . . . •
FitSK:e paper placed directly (3 to 6 mos,). . .
Bankers1 Acceptances (prime, 90 days)

4.38
4.25
4.25

Prime Loan Rate (Leading City Banks) . . . .

Monthly
Aug. 1965 Sept.1965
4.12
4.38
4.25
4.14

4.38
4.25
4.25

4.75

4.75

Yields on U. S. Government securities
Auction average:
3-month bills
6-month bills
. . . . . .
Market yield:**
3-month bills
. . . . . . .
6-month bills
One-year bills
...

3.886
3.991

3.898
4.024

3.887
4.031

3.905
4.069

3.983
4.133

3.836
3.938

3.912
4.050

3.87
4.00
4.03

3.89
4.03
4.04

3.88
4.04
4.03

3.94
4.10
4.12

4.01
4.17
4.19

3.84
3.95
3.96

3.92
4.07
4.09

l^ket Yield:
^yther taxable issues, 9 to 12 months . . . .
Taxable issues, 3 to 5 years . . . . . . . .
Bonds—Long-term taxable 2/ . . . . . . . .

4.05
4.22
4.22

4.08
4.23
4.23

4.08
4.22
4.25

4.12
4.24
4.25

4.23
4.31
4.29

4.00
4.19
4.19

4.11
4.24
4.25

83.03

82.92

82.68

82.68

82.80

84.00

83.27

4.49
4.89
3.16

4.52
4.91
3.25

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

.

Average yield on corporate bonds (Moody's)
4.52
4.53
4.52
4.52
4.51
Aaa
. . . . . . .
4.92
4.91
4.91
4.92
4.90
Baa
3.31
3.31
3.25
3.21
3.18
State and Local Government Aaa (Moody's)
JL/ Average of daily figures except state and local Government, 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 basis of an assumed 3 per cent, 20-year bond.
* Daily averages are based on number of calendar days in period.
**Bills quoted on bank discount basis.
GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD



gA'&W* LBb-

October 11, 1965