Full text of G.13 Selected Interest Rates : September 8, 1969

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.-;o9l£S&

FEDERAL
Average of D a i l y F i g u r e s 1/

edera

unds ( E f f e c t i v e R a t e ) * .

RESERVE

statistical

release

OPEN MARKET MONEY RATES AND BOND PRICES
Weeklyr
August 2 August 9 August 16 August 23 August 30
8.82
9.18
8.79
9.57
—8-r05

sJU^tcsrx^
Monthly
M n n T-h 1

XT

July
8.61

August
9.19

8.65
7.53
8.41

8.33
7.71
8.04

8.50

8.50

Commerci tl p a p e r ( p r i m e , 4 t o 6 mos. . . .
F i n a n c e p a p e r 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 ) . . .

8.50
8.00
8.18

8.38
7.83
8.03

8.38
7.75
8.10

8.30
7.64
8.00

8.25
7.56
8.00

Prime Loan Rate ( L e a d i n g C i t y Banks)

8.50

8.50

8.50

8.50

8.50

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

8.50

8.50

8.50

8.50

8.50

D i s c o u n t r a t e ( F e d e r a l R e s e r v e Bank of New York.

6.00

6.00

6.00

6.00

6.00

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

7.172
7.313

6.994
7.085

7.081
7.277

6.856
7.121

7.098
7.293

7.004
7.285

7.007
7.194

7.08
7.19
7.16

6.98
7.11
7.29

6.99
7.25
7.32

6.86
7.15
7.17

7.06
7.27
7.30

6.98
7.23
7.14

6.97
7.19
7.27

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 y e a r s
Bonds - -Long- term t a x a b l e 7 j

7.53
7.07
"6.05

7.42
7.01
5.98

7.56
7.14
6.01

7.45
7.03
6.00

7.59
7.14
6.07

7.59
7.02
6.07

7.51
7.08
6.02

P r i c e of Long-term T r e a s u r y bonds 3/ . . . ,

64.89

65.49

65.28

65.35

64.68

64.75

65.18

Average y i e l d s on c o r p o r a t e bonds (Moody's).
Aaa
. . .
Baa
.

7.38
7.05
7.84

7.38
7.00
7.88

7.35
6.96
7.82

7.36
6.95
7.84

7.39
6.98
7.90

7 .-39
7.08
7.84

7.37
6.97
7.86

S t a t e and Local Government Aaa (Moody's) . .

5.78

5.70

5.73

5.73

5.80

5.68

5.74

Market y i e l d s : * *
3-month b i l l s . .
6-month b i l l s .
1-year b i l l s

If
27
3/
*

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 based on Thursday f i g u r e s .
I n c l u d e s a l l bonds m a t u r i n g o r c a l l a b l e i n 10 y e a r s o r more.
p r i c e s d e r i v e d from a v e r a g e m a r k e t 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.
D a i l y a v e r a g e s a r e based on number of c a l e n d a r days i n p e r i o d .
* * B i l l s a r e quoted on bank d i s c o u n t b a s i s .

—VTNANCE SECTION, FEDERAL RESERVE BOARD


September 8 , 1969

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