Full text of G.13 Selected Interest Rates : October 2, 1974

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FEDERAL

RESERVE

stotisticol

release

OPEN MARKET MONEY RATES AND BOND PRICES

Average of Daily Figures

1/

Mom thly

Weekly
Aug. 31

Sept. 7

Sept. 14

Sept. 21

Sept. 28

Aug.

Sept.
11.34
11.36
11.23
9.41
11.06

Federal Funds (Effective Rate)*

11.84

11.64

11.48

11.41

11.12

12.01

Commercial paper (prime, 90 to 119 day) . . . .
Commercial paper (prime, 4 to 6 mos.)
Finance Paptr placed directly (3 to
.) . .
Bankers' Acceptances (prime, 90 days)—. . . . .

12.00
11.85
9.65
12.10

11.84
11.72
9.41
11.79

11.75
11.63
9.43
11.46

11.43
11.25
9.50
10.95

10.68
10.58
9.35
10.36

11.79
11.65
9.31
12.08

Prime Loan (large-business prime rate-majority)

12.00

12.00

12.00

12.00

12.00

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

12.25

12.25

12.25

12.25

12.25

8.00

8.00

8.00

8.00

8.00

9.908
9.930

9.167
9.283

9.099
8.980

8.185
8.203

Market yield:**
3-month bills
• • • •
6-month bills . .
1-year bills
. . . . . . • • • • • • •

9.37
9.61
9.38

9.34
9.39
9.14

9.10
8.92
8.69

Market Yield:
Other taxable issues, 9 to 12 months
Taxable issues, 3 to 5 years . . . . .
Bonds--Long-term taxable 3/

9.93
8.69
7.36

9.65
8.61
7.33

54.75

54.91

Discount rate (Federal Reserve Bank of New York)
Yields on U.S. Government Securities
Auction average:
3-month bills
6-month bills

Price of Long-term Treasury bonds 4/ . . . .
Average yields on corporate bonds (Moody's)
Aaa
Baa
- . • . • * * ' • * * • *

9.47
9.07
9.86

9.56
9.13
9.95

—

• ""

12 .25

12.25

7.002
7.928

8.744
8.853

8.363
8.599

7.64
8.30
8.40

6.81
7.91
8.10

8.96
9.11
8.88

8.06
8.53
8.52

9.14
8.52
7.31

8.74
8.35
7.31

8.53
8.14
7.27

9.54
8.64
7.33

8.95
8.38
7.30

55.11

55.06

55.38

54.95

55.13

9.75
9.32
10.26

9.36
9.00
9.77

9.67
9.24
10.12

9.61
9.20
10.05

9.69
9.29
10.17

6.49
6.38
6.40
6.45
6.50
6.60
6.60
State and Local Government Aaa (Moody's) . .
1/ Average of daily figures except state and local Governments, which are based on Thursday figures.
2/ Beginning August 15, 1974, the rate is the average of the midpoint of the range of daily dealer closing offering
~~ rates for domestic issues; prior data are averages of the most representative daily offering rate quoted
by dealers.
3/ Includes all bonds maturing or callable in 10 years or more.

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GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD




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October 2, 1974.