Full text of G.13 Selected Interest Rates : September 3, 1974

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OPEN MARKET MONEY RATES AND BOND PRICES

G.13

Weeklv
Average of D a i l y F i g u r e s

1/

AUK.,

24

Month l y
Julv
Augvst
12.01
12. 92

12..23

Ave, 31
n . 84

11..73
11,.63
9,.05
12 .08

11,.95
11,.80
9,.65
12,.16

12..00
11.,85
9.,65
12..10

12 .00

12,.00

12,.00

12..00

12 .25

12 .25

12 .25

12,,25

.

8.00

8 .00

8 .00

8 .00

8..00

.

7.698
8.055

8.505
8.660

8 . 763
8.; 719

8.1346
8.1399

9.908
9.930

7.; 752
8 . (328

8.744
8.853

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

7.84
8.38
8.38

8 .75
8 .82
8 .49

8 .75
8 .78
8 .50

9 .29
9 .41
9 .25

9 .37
9 .61
9 .38

7 .55
7 .94
8 .04

8.96
9.11
8.88

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 3 /

9.19
8.55
7.24

9 .27
8 .59
7 .31

9 .33
8 .58
7 .35

9 .71
8 .69
7 .30

9 .93
8 .69
7 .36

8 .89
8 .39
7 .18

9.54
8.64
7.33

55.59

55 .04

54 .76

55 .13

54..75

55 .97

54.95

9.23
8.86
9.67
6.40

9 .29
8 .93
9,.70
6 .25

9 .34
8 .98
9 .74
' 6 .30

9 .39
9 .03
9 .78

9,.47
9..07
9 .86

6 .35

6 .60

9,.10
8 .72
9 .55
6 .34

9.36
9.00
9.77
6.38

AUK.,

10

12.29

12..09

17
12..02

Commercial p a p e r ( p r i m e , 4 t o 6 mos.)
.
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 ) ^ / . . . . . .

11.43
11.23
9.00
12.00

11,.60
11,.48
9 .00
12,.00

Prime Loan ( L a r g e - b u s i n e s s prime R a t e ) M a j o r i t y . . .

12.00

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

12.25

D i s c o u n t r a t e ( F e d e r a l Reserve Bank of New York)

Aus. 3

Y i e l d s on U.S. Government S e c u r i t i e s
Auction average:
6-month b i l l s

P r i c e of Long-term T r e a s u r y bonds 4 /
Average y i e l d s on c o r p o r a t e bonds (Moody's) . . . .
Aaa
Baa
. . . . . . . . . . . . . . .
S t a t e and L o c a l Government Aaa (Moody's)

AUK.,

11..93
11..72
9.,00
11,.88

11.79
11.65
9.31
12.08

--

12.22

12.25

- -

JL/ 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 b a s e d on Thursday f i g u r e s .
2 / B e g i n n i n g August 15, 1974, t h e r a t e i s t h e a v e r a g e of t h e midpoint of t h e r a n g e of d a i l y d e a l e r c l o s i n g o f f e r i n g
r a t e s f o r d o m e s t i c i s s u e s ; p r i o r d a t a a r e a v e r a g e s of t h e most r e p r e s e n t a t i v e d a i l y o f f e r i n g r a t e quoted
by d e a l e r s .
3 / I n c l u d e s a l l bonds m a t u r i n g or c a l l a b l e i n 10 y e a r s o r more.
4 / 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 of an assumed 3 p e r c e n t , 2 0 - y e a r bond.
* 7 - d a y a v e r a g e f o r s t a t e m e n t week ended on p r e c e d i n g Wednesday. * * B i l l s quoted on bank d i s c o u n t b a s i s .


GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD


SEPTEMBER 3, 1974