Full text of G.13 Selected Interest Rates : September 7, 1960

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G,13

Federal Funds (Effective rate)

BOARD (F GOVERNORS OF THE FEDERAL RESERVE SYSTEM
OPEN MARKET MONEY RaTES AND BOND PRICES
Weekly
Mhnt.Kly
Aug. 6 Aug._ 13. Aug. 20 (Aug. 27 Sect. 3 July I960 auh. i960
2.850
- % 4 0 0 - -7.830
3.000 I 2.550

Commercial paper (prime, 4 to 6 mos,) l/
F^j^ce paper placed directly (3 to 6 mos.) l/
Bamirs 1 acceptances (prime, 90 days) 1/

3.38
2.94
3-13

3.38
2.94
3.08

3.38
2.94
2.93

3-30
2.94
3.05

3.25
3.01
3.00

Prime loan Rate (Leading City Banks)

5.00

5.00

5.00

*4.50

4.50

Stock Exchange call loans—going rate l/

5.00

5.00

5.00

4,60

4.50

Discount rate (Federal Reserve Bank of New York)

3.50

*3.00

3.00

3.00

3.00

Yields on U. S. Government securities 1 /
Auction average:
3-month bills . . . . . . . . . . .
6-month bills . . . . . . .
Market yield:
3-month bills
. . . . . .
6-month bills . . .
.
..
. . . . . .
^^•^**12 month bills
^Pther taxable issues, 9 to 12 months . . .
Taxable issues, 3 to 5 years
Bonds—long-term, taxable 2/ . . . . . . .
Price of long-term Treasury bonds 3/.
Average yield on corporate bonds (Moody's) l/
Aaa ^ ^
Baa
State and local Government. Aaa 4/
1/
2/
3/
4/

GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOaRD

3.34
2.94
3.04

5.00

4.85

2.131
2.409

2.215
2.458

2.278
2.621

2.518
2.806

2.550
2.825

2.396
2.826

2.286
2.574

2.13
2.39
2.31
2.86
3.49
3.75

2.18
2.48
2.79
2.84
3.52
3.78

2.31
2.66
2.83
2.93
3.52
3.81

2.43
2.70
2.81
2.90
3.47
3.81

2.53
2.82
2.87
2.93
3-51
3.84

2.30
2.71
3.03
3.13
3.71
3.86

2.30
2.59
2.82
2.89
3.50
3.79

89.46

89.07

88.78

88.68

88.40

88.12

88.93

4.34
5.15
3.22

4.30
5.11
3.14

4.26
5.06
3.03

4.23
5.03
2.99

4.23
5.01
2.99

4.41
5.22
3.31

4.28
5.08
3.10

Average of"daily figures,
* Effective August 23, I960.
Includes all bonds maturing or callable in 10 years or more.
Prices derived from average market yields on basis of an assumed 3 per cent, 20-year bond.
Moodly1s Investor Service: monthly and weekly data are based on Thursday figures.




3.39
2.98
3.13

FOR FiiES
%er M. Keir

September 7, I960