Full text of G.13 Selected Interest Rates : October 12, 1964

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FEDERAL

statistical

RESERVE

OPEN MARKET MONEY RATES A N D BOND PRICES
Weekly
Average of daily figures 1/
Sept. 5 Sept. 12 Sept. 19 Sept. 26
3.50
3.46
— 3 T 5 T T r 3.42
Federal Funds (Effective Rate) . . • . .

release

G. 13

Oct. 3
3.39

3.88
3.76
3.75

3.89
3.75
3.75

4.50

4.50

3.555
3.711

3.506
3.618

3.527
3.666

3. 54
3.70
3.74

3.55
3. 71
3.77

3.50
3. 61
3. 67

3.53
3.68
3.73

3.83
4.05
4.17

3.80
4.02
4.16

3.82
4. 02
4.15

3.73
3.99
4.14

3.82
4.03
4.16

84.19

84.36

84.48

84.59

84.31

^ ^ u m e r c i a l paper (prime, 4 to 6 mos. ). .
Finance paper placed directly (3 to 6 mos
Bankers' acceptances (prime, 90 days). .

3.88
3.74
3.75

3.88
3. 72
3.75

3.88
3.75
3.75

3.88
3. 75
3.75

4.00
3.84
3.75

Prime Loan Rate (Leading City Banks) . .

4.50

4.50

4.50

4.50

4.50

Stock exchange call loans--going rate

4.50

4.50

4.50

4.50

4 . 50

Discount rate (Federal Reserve Bank of New York)

3.50

3.50

3.50

3.50

3.50

Yields on U. S. Government securities
Auction average:
3-month bills
6-month bills

3.512
3.629

3.514
3. 649

3.541
3. 693

3.542
3.692

3.50
3.64
3.70

3.52
3.67
3. 72

3.54
3.69
3.74

^ ^ M a r k e t yield:
Other taxable issues, 9 to 12 months .
Taxable issues, 3 to 5 years . . . . .
Bonds--Long-term, taxable 2/

3.82
4.03
4.16

3.84
4.04
4.17

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

84.38

84.21

,

• • •

Bank discount rate:*
3-month bills
. .
6-month bills
. .
One-year bills . .
k

Monthly
August 1964 September
3.50
3.43

Average yield on corporate bonds (Moody's)
4.41
4.42
4.42
4.42
4.42
4.42
Aaa
. . . . .
4.82
4,81
4.82
4.81
4.82
4.83
Baa
. . . . . . • • • . .. . .. . . .
3.08
3.11
3.10
3.10
3.08
3.08
State and local Government, Aaa (Moody 1 s)
1/ 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.
*
Series formerly shown as "Market yield. ;|

4.42
4.82
3.09

S

GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD




FOR MIES ^
Steven H> Axllrod

October 12, 1964