Full text of G.13 Selected Interest Rates : September 4, 1959

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G. 13

BOARD OF GOVERNORS OF T'-E FEDERAL RESERVE SYSTEM
OPEN iMKET MONEY RtVTES AND BOND PRICES
Weekly
Aug. 15

; Aug- 22

3.500

3-500

3.500

3.500

3.99
3.81
3.50

3.89
3.81
3.50

3.88
3.81
3.50

3.98
3.81
3.59

4.10
3-99
3.63

Prime Loan Rate (Leading City Banks)

4.50

4.50

4.50

4.50

4.50

Stock Exchange call loans—going rate l/

4.25

4.25

4.25

4.25

4.25

Discount rate (Federal Reserve Bank of New York)

3.50

3.50

3.50

3.50

3-50

3.04?
3.860

3.043
3.737

3.150
3-690

3-417
3.782

3.01
3.76
4.23
4.25
4.40
4.10

3,00
3.68
4.19
4.14
4.37
4.08

3.17
3.66
4.19
4.14
4.31
4.06

85.11

85.33

4.45
5.0?
3.48

4.43
5.08
3.44

1

AUH. 8

Federal Funds (Effective rate)

3.500

Com^fccial paper (prime, 4 to 6 mos.) if
Fin^roe paper placed directly (3 to 6 mos.) 1/
Bankers' acceptances (prime, 90 days) l/

AUG.

Yields on U. S. Government securities 1/
Auction average:
Market yield:

Price of long-term Treasury bonds 3/
Average yield on corporate bonds (Moody's) l/

Monthly

AU». 29 July 1959 AUK, 1959

3.98
3.81
3.45

3.97
3.8?
3-56

4.25

4.25

3.824
4.152

3.243
3.885

3.358
3.840

3.50
3.84
4.34
4.34
4.44
4.08

3.73
4.18
4.44
4.59
4.63
4.15

3.20
3.82
4.30
4.40
4.11

3.38
3.87
4.31
4.32
4.45
4.10

35.56

85.36

84.48

85.00

85.11

4.42
5.09
3.43

4.42
5.09
3.43

4.44
5.11
3.44

4.4?
5.08
3.51

2/4.43
jg/5.10
ID/3.44

1/ Average of daily figures.
2f Includes all bonds maturing or callable in 10 years or more.
3/ Prices derived from average market yields on basis of an assumed 3 per cent, 20-year bond.
4/ Moody's Investor Service; monthly and weekly data are based on Thursday figures.
GOVERNMENT FINANCE SKCTICN, BOARD OF GOVERNORS
September 4, 1959