Full text of G.13 Selected Interest Rates : October 13, 1971

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FEDERAL

RESERVE

r.eleas e

OPEN MARKET MONEY RATES AND BOND PRICES

G.13

Monthly
Aug5.57

Sept. 4
5.59"

S e p t . 11
5.73

Weekly
S e p t . 18
5.59

S e p t . 25
5.46

Oct. 2
5.43

ammercial paper (prime, 4 to 6 mos.) . . . ,
inance paper placed d i r e c t l y (3 to 6 mos.),
B a n k e r s ' A c c e p t a n c e s ( p r i m e , 90 d a y s ) . . . ,

5.70
5.44
5.50

5.75
5.44
5.50

5.75
5.44
5.50

5.75
5.45
5.50

5.75
5.44
5.40

P r i m e Loan ( L e a d i n g C i t y B a n k s ) .

. . . . .

6.00

6.00

6.00

6.00

6.00

. ....

. .

6.00

6.00

6.00

6.00

6.00

( F e d e r a l R e s e r v e Bank o f New York)

5.00

5.00

5.00

5.00

5.00

4.549
4.771

4.538
4.846

4.834
5.085

4.743
4.993

4.676
4.973

5.078
5.363

4.47
4.79
5.13

4.62
4.92
5.17

4.79
5.02
5.22

4.74
5.04

5.26

4.65
4.95
5.17

4.93
5.22
5.52

5.20

5.23
,94
,51
69.78

5.67
6.39
5.78
67,33

A v e r a g e o f D a i l y F i g u r e s 37
F e d e r a l F unds ( E f f e c t i v e R a t e ) * .

•

s t a t is t ic a

. . .

S t o c k Exchange c a l l l o a n s — g o i n g r a t e .
Discount r a t e

Y i e l d s on U. S . Government S e c u r i t i e s
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 .
1-year b i l l s .
^jMarket yield:
O t h e r t a x a b l e i s s u e s , 9 t o 12 m o n t h s . .
Taxable i s s u e s , 3 to 5 years . . . .
Bonds--Long-term taxable I f , .
P r i c e of L o n g - t e r m T r e a s u r y b o n d s 3 /

5.89
5.58
69.13

6.00

6.01

5.41

5.26

5.59
69.07

5.59
69.07

5.91
5.52
69.70

5.35

5.73
5.57
5.57

6.00

A v e r a g e y i e l d s on c o r p o r a t e b o n d s ( M o o d y ' s ) *
Aaa
• * v
Baa

8.03
7.45
8.65

97
42

7.96
7.44
8.57

7.95
7.46
8.52

8.12

8.62

7.97
7.44
8.63

S t a t e and L o c a l Government Aaa ( M o o d y ' s )

5.30

5.00

5.10

5.15

4.90

5.56

7,59
8.76

T 7 ~ A v e r a g e o f d a i l y f i g u r e s e x c e p t s t a t e and l o c a l G o v e r n m e n t s , w h i c h a r e b a s e d on T h u r s d a y f i g u r e s .
"2/ I n c l u d e s a l l b o n d s m a t u r i n g o r c a l l a b l e i n 10 y e a r s o r m o r e .
3 / P r i c e s d e r i v e d f r o m a v e r a g e m a r k e t y i e l d s on t h e b a s i s of an assumed 3 p e r c e n t , 2 0 - y e a r b o n d .
* * B i l l s q u o t e d on b a n k d i s c o u n t b a s i s .
%
* D a i l y ao v^ er raacgpecs ao-ta
r e Kocpd
b a s e d nn
on number of c a l e n d a r d a y s i n p e r i o dd .
DigitizedGOVERNMENT
for FRASER FINANCE SECTION, FEDERAL RESERVE BOARD


O c t o b e r 13, 1971