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G. 14
-GOVERNMENT SECURITY YIELDS A N D PRICES
(Yields in per cent per annum)
Period
1964 - November

2
3
4
5

6
7

_U^__S. Government sAcuritv yield*
Bank discount rate*
Other issues
3-month
6-month
1 year
due in 9 - 1 2
bills
bills
bills
months 1/
3.55
3.71
3.79
o r
-

Auction average
3-month
6-month
bills
bills
Closed
3.562

3.718

Closed

9

10
11
12
13

Closed
3.574

3. 742

Closed
16
17
18
19
20
21
23
24
25
26
27
28

3. 600

3.772

Closed

Closed
3. 758
Closed

30




«
3. 942

Issues, due
in 3 to 5
years 2/
4.03

Longterm
bonds 3/
4.12

3.57
3.57
3.57

3.73
3.73
3.73

3.79
3.79
3.79

3.83
3.83
3.83

4.03
4.02
4.02

4.13
4.12
4.12

3.57
3.56

3.73
3.73

3.79
3.79

3.83
3.81

4.02
4.00

4.12
4,11

3.58
3.59

3.75
3.76

3.79
3.79

3.81
3.83

3.98
4.00

4.10
4.10

3.60
3.60
3.61
3.61
3.62

3.76
3.77
3.78
3.78
3.80

3.80
3.80
3.80
3.80
3.82

3.82
3.82
3.84
3.84
3.84

4.01
4.02
4.02
4.01
4.02

4.11
4.11
4.11
4.11
4.11

3.73
3.78
3.82

3.91
3.95
3.98

3.95
4.00
4.02

3. 93
4.00
4.04

4.10
4.10
4.11

4.14
4.15
4.15

3.81

3.98

4.02

4.04

4.12

4.15

3.84

4.00

4.08

4.05

4.14

4.15

S. GOVERNMENT SECURITY YIELDS AND PRICES (continued)
(Yields in per cent per annum)
Auction average
3-month
6-month
bills
bills

Period

~
S. Government security yields
Bank discount rate*
Other issues
Issues, due
3-month
6-month
1 year
due in 9-12
in 3 to 5
bills
bills
bills
months 1/
years 2/

Price,
longterm
bonds 4/

Longterm
bonds 3/

Weekly average:
1964 - Nov.
7
14
21
28

3.562
3.574
3. 600
3.758

3.718
3.742
3.172
3.942

3.56
3.58
3. 61
3.78

3.72
3.74
3.78
3.96

3.79
3. 79
3. 80
4.00

3.82
3.82
3.83
4.00

4.02
4.00
4.02
4.11

4.12
4.11
4.11
4.15

84.82
85.00
84.97
84.51

Monthly average;
1964 - November
1963 - November

3.624
3.522

3. 794
3.648

3.64
3.52

3.81
3.65

3.86
3.67

3.88
3.70

4.04
3.97

4.12
4.10

84.81
85. 03

Note:

1Z

2J

* i e l c ! s a r e averages of those computed by the Federal Reserve Bank of New York on the basis of closing bid prices.
^Yields on Treasury bills are computed on a bank discount basis
Formerly shown as "Market yieH."
,
November

p::'::::
Currently includes the following notes and bonds:
3 5/8 per cent note of 11/15/67 thru November 15.
3 7/8 per cent bond of 5/15/68
3 3/4 per cent bond of 8/15/68

-/

per
per
per
per
per
per

cent
cent
cent
cent
cent
cent

of
of
of
of
of
of

1990
1987-•92
1988-•93
1989-•94
1995
1998

4/ Prices derived from average market yields on basis of an assumed 3 per cent, 20-year bond.

GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD

1964

inciudes

3 7/8 per cent bond of 11/15/68
per cent bond of 2/15/69
4
4
per cent bond of 10/1/69-beginning Oct.l,

3/ Currently Includes the following bonds due or callable in ten years or more:
3 7/8 per cent of 1974 thru November 15
3 1/2
4 1/4 per cent of 1975-85
4 1/4
/
3 1/4 per cent of 1978-83
4
4
per cent of 1980
4 1/8
3 1/2 per cent of 1980
3
3 1/4 per cent of 1985
3 1/2




l6>

December 8, 1964