Full text of G.13 Selected Interest Rates : October 7, 1975

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FEDERAL

RESERVE

statistical

For Immediate Release
October 7, 1975

OPEN MARKET MONEY RATES AND BOND PRICES

G.13

Average of Daily^Figures *
Federal funds (effective rate) 1/.

Sept. 6
6.06

Sept. 13
6.15

release

Weekly
Sept. 20
6.28

Sept. 27
6.29

Monthly
Sept.
Oct. 4 | Aug.
6.24
6.14
6.36

Commercial paper (prime, 90 to 119 day). . . . .
Commercial paper (prime, 4 to 6 mos.)
Finance paper placed directly (3 to 6 mos.). . .
Bankers' acceptances (prime, 90 days).
Prime loan (large business prime rate-majority).

6.75
6.75
6.50
6.82
7.75

6.75
6.75
6.50
6.85
7.75

6.85
6.93
6.50
6.82
8.00(9/15 )

6.78
6.95
6.58
6.81
8.00

6.85
6.93
6.70
6.79
8.00

6.79
6.59
6.86
6.70
6.39g* 6.53
6.74** *6.83

Stock Exchange call loans—going rate. . . . . .

7.88

7.88

8.13

8.25

8.25

7.84

Discount rate (Federal Reserve Bank of New York)

6.00

6.00

6.00

6.00

6.00

--

Yields on U.S. Government Securities 2/
Auction average:
3-month bills. . . . . . . . .
6-month bills.
. . . . . . . . . . .

6.381
6.866

6.389
6.889

6.444
6.901

6.316
6.824

6.547
6.980

6.463
6.940

6.383
6.870

6.38
6.89
7.07

6.43
6.88
7.14

6.45
6.97
7.31

6.38
6.90
7.21

6.46
6.91
7.16

6.44
6.94
7.16

6.42
6.92
7.20

7.43
8.07
7.11

7.51
8.26
7.25

7.64
8.34
7.34

7.52
8.18
7.35

7.61
8.22
7.43

7.55
8.12
7.06

7.54
8.22
7.29

Price of long-term Treasury bonds 4/ .

56.49

55.52

54.83

54.79

54.25

56.84

55.23

Average yields on corporate bonds (Moody's).
Aaa. . . . . . .
•
Baa. . . . . . . . . .

9.53
8.93
10.37

9.54
8.94
10.36

9.56
8.98
10.39

9.55
8.94
10.40

9.55p
8.96p
10.39p

9.51
8.95
10.35

9.55
8.95
10.38

6.60

6.66

6.76

6.79

6.40

6.70

Market yield:
3-month bills. . .
6-month bills. . . . . .
1-year bills
. . .
Coupon Issues due in:
9 to 12 months .
.
3 to 5 years . . .
10 years or more (long-term) 3/.

State and local Government Aaa (Moody's)
1/
2J
3/
4/
*

6.96

—

--

8.06
—

7-day average for statement week ended on preceding Wednesday.
Bills quoted on bank discount basis.
Excludes bonds callable in less than 10 years.
Prices derived from average market yields on the basis of an assumed 3 per cent, 20-year bond.
Average of daily figures except state and local Governments, which are based on Thursday figures.
July average has been corrected to 6.01.
GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD
*** Week ended Aug. 30 has been corrected to 6.83.