Full text of G.13 Selected Interest Rates : October 7, 1959

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G. 13

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
OPEN MiiRKET MONEY RKTES AND BOND PRICES

Seat, 5

Sent. 12

Weekly
Sent. 19

Sept,. 26

Oct. 3

Federal Funds (Effective rate)

3.500

3.563

3.850

3.950

3.800

Coi^fcrcial paper (prime, 4 to 6 mos.) 1 /
FiaMce paper placed directly (3 to 6 mos.) 1/
Bankers' acceptances (prime, 90 days) 1/

4.38
4.31
3.83

4.50
4.38
3.94

4.70
4.58
4.10

4.75
4.63
4.18

4.75
4.83
4.25

Prime Loan Rate (leading City Banks)

5.00*

5.00

5.00

5.00

5.00

Stock Exchange call loans—going rate l/

4.65

4.75

4.75

4.75

4.75

Discount rate (Federal Reserve Bank of New York)

3.50

4.00**

4.00

4.00

4.00

3.389
4.468

3.979
4.473

4.166
4.796

3-958
4.766

3.95
4.48
4.64
4.69
4.71
4.24

4.02
4.55
4.72
4,73
4.73
4.25

4.13
4.82
4.95
4.91
4.86
4.30

83,44

83.27

82.73

Yields on U. S. Government securities 1/
Auction average:
3-month bills
. . . . . . .
6-month bills . . . . . » . # » # , .
Market yield:
3-month bills .
^^^•month bills
. . . .
^^-12 month bills . .
Other taxable issues, 9 to 12 months
Taxable issues, 3 to 5 years , . . .
Bonds,—long-term, taxable 2/
Price of long-term Treasury bonds 3/

:

3.97
3.87
3-56

4.63
4.52

4.25

4.75

4.194
4.895

3-358
3.840

4.037
4.680

3.98
4.77
4.83
4.78
4.79
4.27

4.10
4.80
4.95
4.88
4.82
4.21

3.38
3.87
4.31
4.32
4.45
4.10

4.04
4.70
4.83
4.80
4.78
4.26

83.O8

83.75

85.11

83.15

4.57
5.26
3.64

4.43
5.09
3.44

4.52
5.18
3.60

Average yield on corporate bonds (Moody's) l/
4.54
4.52
4.49
4.47
Aaa
5.18
5.22
5.15
5.13
Baa « • .
3.65
3,63
3.59
3.52
State and local Government. Aaa 4/ » .» .
. .
.
Affective September 1, 1959*
** Effective September 11, 1959•
l/ Average of daily 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.
4/ Moody1s Investor Service; monthly and weekly data are based on Thursday figures.
GOVERNMENT FINANCE SECTION, BOARD OF GOVERNORS



Monthly
Aug. 1959 S e o t . 1 9 %

4.07

October 7, 1959

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