Full text of G.13 Selected Interest Rates : October 8, 1968

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FEDERAL

RESERVE

Jilt

s t a t i s t ! co

OPEN MARKET HONEY RATES AND BOND PRICES
Weekly
S e p t . 21
S e p t . 14
Sept. 7
Aug* 31
5.93
5.58
5.68
5.94

G. 13
Average o f D a i l y F i g u r e s V
F e d e r a l Funds ( E f f e c t i v e R a t e ) *

r e l e a s e

S e p t . 28
5.90

Monthly
August
September
6. 03
5.88
5.74
5. 66

Commercial paper ( p r i m e , 4 t o 6 m o s . )
F i t ^ k e paper p l a c e d d i r e c t l y ( 3 t o 6 m o s . ) . •
B a n f f r s ' A c c e p t a n c e s ( p r i m e , 90 d a y s ) . . . . .

5.88
5.75.63

5.88
5.63
5.63

5.88
5.63
5. 63

5.80
5, 63
5.63

5.75
5.50
5.63

Prime Loan Rate ( L e a d i n g C i t y Banks)

6.50

6.50

6.50

6.50

6.00-6.25

6.50

6.50

6.50

6.50

6.50

D i s c o u n t r a t e ( F e d e r a l R e s e r v e Bank o f New York)

5.25

5.25

5.25

5.25

5.25

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
*

5.173
5.242

5.194
5.250

5.246
5.277

5.218
5.248

5.151
5.230

5.095
5.224

5.18
5.26
5.17

5.21
5.22
5.16

5.28
5.31
5. 24

5.18
5.25
5.17

5, 13
5 . 24
5.19

5.08
5. 23
5. 15

5.39
5.33
5.06

5.39
5.30
5.07

5.46
5.36
5.12

5.39
5.27
5.08

5. 36
5.28
5.09

5.41
5.32
5.04

. • •

74.28

74. 22

73.67

74.05

73.96

74.48

Average y i e l d s on c o r p o r a t e bonds (Moody's)
Aaa
Baa

6.33
5.97
6.79

6.33
5.95
6.79

6.34
5.95
6.80

6.35
5.98
6.79

6.37
6.00
6.79

6.37
6.02
6.82

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

4.25

4 25

4.25

4.20

4. 21

4.00

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

. . .

Market y i e l d s : * *
3-month b i l l s .
6-month b i l l s .
1-year b i l l s . .
yield:
Other t a x a b l e i s s u e s , 9 t o 12 months.
Taxable i s s u e s , 3 t o 5 y e a r s . . .
Bonds - - L o n g - t e r m t a x a b l e 2/
P r i c e o f l o n g - t e r m Treasury bonds 3 / .

6.50

1 / Average 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 Governments, which 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 bonds maturing or c a l l a b l e i n 10 y e a r s or more.
6/
E f f e c t i v e S e j t . 25, 1968. 5 / U n t i l S e p t
3 / P r i c e s d e r i v e d from a v e r a g e market y i e l d s on t h e b a s i s o f an assumed 3 per c e n t , 2 0 - y e a r bon .
*
** B i l l s a r e quoted on bank d i s c o u n t b a s i s .
D a i i y a v e r a g e s a r e based on number of c a l e n d a r days i n p e r i o d .
GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD
O c t o b e r 8,



24, 1968