Full text of G.13 Selected Interest Rates : September 11, 1972

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FEDERAL

RESERVE

statistical

r e l e a s e

OPEN MARKET MONEY RATES AND BOND PRICES

Averages of Daily Figures 1/
I
federal
Funds (Effective Rate)*,
Je
d

Aug, 5
4.73
4.58
4.63

Mpmmercia],
ommercial paper (prime, 4 to 6 mos.) ,
Finance paper placed directly (3 to 6 mos.),
Ii Bankers1 Acceptances (prime, 90 days),

Aug. 12
4.69
4.70
4.50
4.63

Weekly
Aug. 19
4.87
4.85
4.58
4.63

Aug. 26
4.75
4.88
4.63
4.75

•Sfipr. ?
4.90
4.95
4.63
4.75

July
4.55

Monthly
August
4.80

85
72
73

4.82
4.58
4.67

5.23

5.25

4/

4/

4/

4/

4/

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

5.25

5.25

5.25

5.25

5.25

Discount rate (Federal Reserve Bank of New York) .

4.50

4.50

4.50

4.50

4.50

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

3.794
4.298

3.928
4.431

3.956
4.664

4.058
4.623

4.332
4.818

059
583

4.014
4.527

Market Yield:**
3-month bills® . . . . . . . . . . o
6-month bills* . . . . . . . . . . .
1-year bills • » . « • • • * . . » .

3.79
4.30
4.78

3.85
4.37
4.75

3.89
4.46
4.75

4.11
4.68
5.00

4.46
4.90
5.28

97
49
91

4.01
4.53
4.90

Market yield:
Other taxable issues, 9 to 12 months
Taxable issues, 3 to 5 years . . . .
Bonds—Long-term taxable 2 j . . . . «

4.72
5.85
5.51

4.71
5.85
5.48

4.78
5.87
5.53

5.05
5.94
5.56

5.38
6.11
5.62

89
86
57

4.91
5.92
5.54

69.82

70.09

69.60

69.32

68.79

69.23

69.55

Average yields on corporate bonds (Moody s).
Aaa. . . e o o o . .
B a a o . c c . o . c o . . . . . . . . . . .

7.66
7.22
8.25

7.63
7.20
8.23

7.60
7.19
8.19

7.59
7.17
8.16

7.59
7.16
8.15

.66
.23

7.61
7.19
8.19

State and Local Government Aaa (Moody's) . „

5.10

5.10

5.05

5.10

5.15

5.23

5.10

Prime Loan (Leading City Banks). . .

. • • •

•

price of Long-Term Treasury bonds 3/ . . . „
1

II

.21

Average of daily figures except state and local "Governments, which are based on Thursday figures.
Includes all bonds maturing or callable in 10 years or more.
Prices derived from average market yields on the basis of an assumed 3 per cent, 20-year bond.
Effective July 31, 5-1/4—5-3/8—5-1/2; Aug. 3, .5-1/4—5-3/8; Aug, 14, 5-1/4; Aug. 21, 5-1/4—5-3/8; Aug. 25,
5-1/4—5-3/8--5-1/2;
Daily averages are based on number of calendar days in period. ** Bills quoted on bank discount ba

1

GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD



September 11, 1972

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