Full text of G.13 Selected Interest Rates : September 15, 1970

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FEDERAL

RESERVE

s t o ti s t i c a I

r e l e a s e

OPEN MARKET MONEY RATES AND BOND PRICES

Averages of Daily Figures JL/
Federal Funds (Effective Rate)*

Aug. 1
—

Aug. 8
6.93

Weekly
Aug. 15
6.82

Aug. 22
6.64

Aug. 29
6.34

Monthly
Aug
July
6.61
7.21

Ct^Pbrcial paper (prime, 4 to 6 mos.)
Finance paper placed directly (3 to 6 mos.) . . .
Bankers' Acceptances (prime, 90 days) . . . . - .

8.15
7.78
7.43

8.00

8.00

8.00

7.60
7.33

7.50
7.25

7.50
7.20

7.70
7.35
7.05

Prime Loan Rate (Leading City Banks)

8.00

8.00

8.00

8.00

8.00

Stock Exchange call loans—going rate

8.00

8.00

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

6.345
6.429

6.413
6.496

6.512

6.527
6.587

6.198
6.338

.468
586

6.412
6.526

6.37
6.47
6.52

b .46
6.59
6.61

6.52
6.65

6.42
6.52
6.49

6.25
6.46
6.

,45
.51
63

6.41
6.56
6.55

6.93
7.58
6.54

o.97
7.61

6.61

7.09
7.65
6.76

b. 95
7.59
6.90

6.69
7.42
6.73

,00
.58
,57

6.92
7.56
6.75

Price of Long-term Treasury bonds 3 /. . . •

60.79

60.30

59.10

58.05

59.35

.59

59.20

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

8.76

8.71

9.37

8.73
8.17
9.41

9.42

8.73
8.12
9.44

8.72
8.13
9.47

,85
44
40

8.73
8.13
9.44

State and Local Government Aaa (Moody's).

6.20

6.10

6.10

5.9*5

5.70

6.40

5.96

. . . . . .

Market yield:**
3-month bills
6-month bills
1-year bills
rket yield:
Other taxable issues, 9 to 12 months.
Taxable issue, 3 to 5 years . . . . . .
Bonds—Long-term taxable 2/
.

8.26

6.682

6.66

8.10

29
7.90
64
7.48
61 I 7.20

8 00 ! 8.00

X 7 — A v e r a g e 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.
3/ Prices derived from average market yields on the basis of an assumed 3 per cent, 20-year bond.
*
Daily averages are based on number of calendar days in period.
**Bilis are quoted on bank discount basis.
ni#
GOVERNMENT
FINANCE SECTION, FEDERAL RESERVE BOARD

September 15, 1970