Full text of G.13 Selected Interest Rates : September 17, 1971

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL

RESERVE

s t a t i s tic a I

r e Ie a s e

OPEN MARKET MONEY RATES AND BOND PRICES
Average of D a i l y F i g u r e s 1/

,7

Weekly
Aug. 28
Aug. 21
5.48
5.59

Sept. 4
5.59

. ,

5.37

Aug. 14
5.59

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

5.75
5.60
5.63

5.83
5.68
5.63

5.78
5.58
5.55

5.63
5.46
5.53

5.70
5.44
5.50

Prime Loan (Leading C i t y Banks)

6.00

6.00

6.00

6.00

6.00

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

6.00

6.00

b.00

6.00

6.00

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 of New York)

5.00

5.00

5.00

5.00

5.00

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 .

5.273
5.618

5.372
5.770

4.921
5.202

4.747
4.860

Market y i e l d : * *
3-month b i l l s .
6-month b i l l s .
1-year b i l l s .

5.28
5.67
5.90

5.24
5.66
5.92

4.71
4.89
5.24

Market y i e l d :
O t h e r 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 to 5 years . . . .
Bonds—Long-term t a x a b l e 2 / . . . . .

6.85
5.93

6.02

6.06
6.81

P r i c e of Long-term T r e a s u r y bonds 3/ . . . ,

F e d e r a l Funds ( E f f e c t i v e R a t e ) *

Monthly
Aug.
July
5.57
5.31
5.75
5.54
5.60

5.73
5.57
5.57

5.93

6.00

4.549
4.771

5.405
5.586

5.078
5.363

4.69
4.87
5.19

4.47
4.79
5.13

5.39
5.62
5.73

4.93
5.22
5.52

5.90

5.41
6.05
5.64

5.39
6.06
5.70

5.20
5.89
5.58

5.89
6.77
5.91

5.67
6.39
5.78

65.91

66.21

68.59

68.04

69.13

66.16

67.33

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

8.21

7.6*9
8.85

8.22
7.71
8.87

8.02
7.51
8.66

8.07
7.50
8.69

8.03
7.45
8.65

8.14
7.64
8.76

8.12
7.59
8.76

S t a t e and L o c a l Government Aaa (Moody's)

5.85

5.80

5.15

5.45

5.30

5.75

5.56

1/
21
3/
4/
*

Average of 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 based on Thursday f i g u r e s .
^
I n c l u d e s a l l bonds m a t u r i n g o r c a l l a b l e i n 10 y e a r s o r more.
.FOR H
p r i c e s d e r i v e d from a v e r a g e m a r k e t y i e l d s on t h e b a s i s of an assumed 3 per c e n t , 2 0 - y e a r bond.
Helmut Timet
E f f e c t i v e J u l y 5, 5 . 5 0 — 6 . 0 0 ; e f f e c t i v e J u l y 7 , 6 . 0 0 .
5/ E f f e c t i v e J u l y 16.
a v e r a g e s a r e based on number of c a l e n d a r d a y s i n p e r i o d .
** B i l l s quoted on bank d i s c o u n t b a s i s .
D a i i y


GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD


September 17, 1971