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FEDERAL statistical RESERVE CORRECTED COPY OPEN MARKET MONEY RATES AND BOND' PRICES G. 13 Averages of Daily Figures 1/ Sept. 5 -15.46c Federal Funds (Effective Rate)* S e p t . 12 6.64c release Weekly S e p t . 19 S e p t . 26 5,84c 6.46c Monthly Sept. 6.29c 6,6lc Oct. 3 6. u5c Aug. 7.90 7.48 7.20 7.32 7.12 7.03 8.00 7.90 ^ eircial paper (prime, 4 to 6 mos.) • . . Finance paper placed directly (3 to 6 mos.) Bankers' Acceptances (prime, 90 days) . 7.50 7.31 7.13 7.38 7.31 7.13 7.38 7.25 7.10 7.20 6.91 6.90 7.13 6.75 6.88 Prime Loan Rate (Leading City Banks). . . . . . . . 8.00 8.00 8.00 7.50 7.50 7.75 7.75 . . 8.00 8.00 8.00 Discount rate (Federal Reserve Bank of New York). . 6.00 6.00 6.00 6.00 6.00 Yields on U. S. Government Securities Auction average: 3-month bills 6-month bills 6.342 6.508 6.365 6.555 6.314 6.494 5.954 6.241 5.807 6.373 6.412 6.526 6.244 6.450 6.36 6.58 6.52 6.40 6.58 6.49 6.21 6.49 6.37 5.80 6.29 6.27 5.84 6.43 6.39 6.41 6.56 6.55 6.12 6.47 6.40 6.81 7.42 6.72 6.85 7.40 6.75 6.72 7.24 6.64 6.49 7.05 6.52 6.54 7.09 6.53 6.92 7.56 , 6.75 6.68 7.24 6.63 Price of Long-term Treasury bonds 3/. . . . 59.42 59.15 60.06 61.00 60.88 59.20 60.10 Average yields on corporate bonds (Moody1s) Aaa Baa 8.72 8.13 9.45 8.70 8.13 9.44 8.69 8.09 9.42 8.66 8.06 9.32 8.63 8.05 9.29 8.73 8.13 9.44 8.68 8.09 9.39 State and Local Government Aaa (Moody's). 5.70 6.00 5.96 5.95 6.15 5.96 5.90 Stock Exchange call loans—going rate Market yield:** 3-month bills 6-month bills 1-year bills. rket yield: Other taxable issues, 9 to 12 months. Taxable issues, 3 to 5 years Bonds—Long-term taxable 2/ . . . . . 1/ Average of daily figures except state and local Governments, which are based on Thursday figures. 2/ Includes all bonds maturing or callable in 10 years or more. I' l t ™ - = GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD 3 - s a , 2 w ; ; October r w .
@FedFRASER