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FEDERAL

RESERVE

re e a s e

statistical

>lUiW
G.13

Average of d a i l y f i g u r e s l /
Federal Funds ( E f f e c t i v e r a t e ) . . .

.

OPEN 1 -ARRET HOMEY RATES AMD BOND PRICES
','eeklv
Aug. 25
Anpr. )l Aug. 11 Aug. 18
3.000
2.950
3.0C0
2.850

3.36
3.20
3.07

3.30
3.12
3.11

It. 50

It. 50

2.806
2.916

2.91,5
3.085

2.837
3.005

2.82
2.96
3.Oli
3.08
3.51
3.9lt

2.80
2.93
3,02
3.06
3.51
3.9lt

2.92
3.08
3.17
3.23
3.71
It.02

2.82
2.99
3.10
3.13
3.57
3.97

i 87.03

87.03

86,07

86.61,

CojN^clal paper (prime, 1* t o 6 mos.) • • ,
Finance paper placed d i r e c t l y (3 t o 6 mos.)
Bankers* acceptances (prime, 90 days) • . «

3.38
3.13
3.13

3.33
3.13
3.13

3.25
3.13
3.13

3.28
3.13
3.13

3.30
3.09
3.08

Prime Loan Rate (Leading City Banks) ,

It.50

I*. 50

It. 50

It. 50

li.50

Stock exchange c a l l l o a n s - - g o i n g r a t e

lt.5o

14.50

lw50

It. 50

It. 50

Discount rate (Federal Reserve Bank of New York)

3.00

3.00

3.00

3.00

3.00

2.871,
3.075

2.802
2.990

2.867
3.06O

2.837
2.98b

2.85
3.03
3.19
3.22
3.68
It.03

2.83
3.03
3.19
3.19
3.61,
lt.00

2.81,
3.00
3.11
3.15
3.58
3.98
86.57

Yields on U. S. Government s e c u r i t i e s . . .
.
Auction a v e r a g e :
3-month b i l l s
6-month b i l l s
.
. . .
. . .
.
. .
Market y i e l d :
3-month b i l l s
^^-month b i l l s . . . . . . . . . . . . . . .
^W-1.2 month b i l l s .
Other taxable i s s u e s , 9 t o 12 months . . . •
Taxable i s s u e s , 3 t o 5 years . . . . . . . .
Bonds—Long-term, t a x a b l e 2 / . . . . . . . .

P r i c e of long-term Treasury bonds 3 / . . . . . •
86.27
85.97
Average y i e l d on c o r p o r a t e bonds (Moody*s)
it. 36
Aaa
. . . . . . . . o . . . . . .
lt.37
5.07
Baa
5.07
3.15
S t a t e and l o c a l Government, Aaa (Moody's). . * .
3.13
1 / Average of d a i l y f i g u r e s except s t a t e and l o c a l Government, 2j Includes a l l bonds maturing or c a l l a b l e i n 10 years or more.
3/ P r i c e s derived from a v e r a g e market y i e l d s on b a s i s of an assumed 3
GOVERNMENT FIMXNCE SECTION




It. 36
5.07
3.13

Monthly
Aug. 1962
July 1962
2.9lt6
2-.-S90

Sept. 1
2.850

:

L 31,
5.05
3.05
on Thursday

it. 33
5.0$
3.03
figures,

per c e n t , 20-year bona#

2/

It. 3b
5.05
3.10
m e

Preliminary

September 6, 1962

It.35
5.06
3.10 E /