Full text of G.13 Selected Interest Rates : September 8, 1961

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FEDERAL

RESERVE

statist! c o

release

83%

OPEN MARKET MONET RATES AND BOND PRICES
'Weekly
Average of daily figures.l/
Aug. £ Aug. 12 Aug. 1? Aug. 26
2.000
2.700
1.300
"2.3^0"
Fjjjpal FurS"llI?fective rate) 7 T . . ,
G.13

Sept, 2
~1~ZW

Monthly
July 1961 Aug. 19ol
2.0ii3
1.175

Commercial paper (prime, ii to 6 mos,)
Finance paper placed directly (3 to 6 mos,) . . .
Bankerst acceptances (prime, 90 days) . . , . . •

2>5
2.50
2.75

2.83

2.60

3.00
2.69

3.00
2.69

2.88

3.05
2.69
2.88

Prime Loan Bate (Leading City Banks)

14.50

it .50

It. 50

It.50

it.50

Stock Exchange call loans—going rate

U.50

ii.5o

It.50

It.50

it.50

Discount rate (Federal Reserve Bank of Hew York).

3.00

3.00

3.00

3.00

3.00

2.300
2.557

2.366
2.617

2.519
2.765

2.503
2.793

2.321
2.617

2.1*57

2.670

2.28

2.38

2.50

2.93
3.02

2.3lt
2.65
2.90

3.86

2.95
3.11
3.83
It.01

2.U3
2.71
2.89
3.09
3.77
it.01

86.00
86.00

86.22

86.15

Yields on U, S. Government securities
Auction average:
3^month bills
6-month bills
l
ket yield:
^aarl
.
....
....
# 3 "month bills
6-month bills
......
.
^
9-12 month bills
....
...
Other tameable issues •, 9 to 12 months
Taxable issues, 3 to. f> years . . . .
Bonds—Long-term, taxable 2/ . . . .
Price of long-term Treasury bonds 3/ . . . . . .
Average yield on corporate bonds (!I6ody's)
Aaa . . . . . . . . . . . . . . . . . . . . .
Baa . . . . . . . . . . . . . . . .

2.51
2.85
2.85
3.7lt
3.95

87.00
87.00

2.75

2.61;

It. 03

2.80

2.78

2.72
2.50
2.75

2.92

2.6i|

2.81

it.50

it.50

2.268

2.it02
2.39

3.06

3.77
lt.01

2.2k
2.1t5
2.79
3.87
3.69
3.90

86.20

87.57

2.66

2.91
3.03

3.80
It. 00
86.27

it.itl
It.itl
it.l+it
h.h$
It.1:5
k.hk
lf.lt5
5.11
5.09
5.11
5.12
5.12
5.11
5.11
3*33 P/
3.35
3.3h
3.33
3.33
3.32
3.32
State and local Government.'Aaa (Moody's)
1/ Average "oTdaily figures "except state and local Government, which are based on Thursday figures.
2/ Includes all bonds maturing or callable in 10 years or more.
y
Prices derived from average market yields on basis of an assumed 3 per cent, 20-year bond.
B/ Preliminary.
September 8, l?6l
GCFERMSMP FINANCE SECTION