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qM

EPERAL

s t oil 3 1 ic a I

r e l e a s e

GOVEm 1EI\!TLSECmiTY YIELDS A1ID TRICES
(Yields i n per""cent per annum)

Per led
1961 - December

24%

R E S E R V E

.
1

2

on ayprapo J
6-month
3-month
t bills
Closed

h

5
6

2.867

2.625

* 7

8

Closed

9
11

12
13
Ik
15
16

2.87b

2.579
Closed

13
19

20
21
22

2.670

23

Closed

25
26
27

Closed

28

29
30

.

2.912

2.%5

2.59k
Closed




1

1 Price,
u „ S. Government s e c u r i t y ;,r:i j.lds
I.'arket y i e l d
Other i s s u e s I s s u e s , duei Longj long6-month 9-12 month due i n 9~12
3-month
in 3 to 5 1 term
term
uionths 1 /
bills
. bills
bills
years 2 /
bonds 3 / ' bends It/
2.90
2.70
2.98
lj.00
K6.32
2.53
3.73
2.56
2.$8 ,/
2.61^
2.58
2.57

2.85
2.89
2.91
2.89
2.88

2.56
2.57
2.60.
2.61
2,63 '

2.87
2.88
2.89
2.90
2.89

2.63
2.60
2.60
2.60
2.60

2.6L
2.66
2.66
2.67

2.95
3.GO
3.00
2.97
2.95

,

3.01
3.0L
3.08
3.Oli
3.00

3.79
3.81
3.85
3.ah
3.82

li.Oli
ll.05
I1.C6
h.OU
I4. CLi

85.82
85.70
85.58
85.82
85.32

3.83
3-87
3.85
3.82
1,81

it.05
k.07
- I1.O7
h.C6
U.C6

85.70
85.U6
85.16
85:58
85.58

2.95
2.96
2.98
2.98
2.98

3.02
3.03
3.03
3.02
3.02

2.87
2.87
2.87
2.86
2.85

2.97
2.95
2.95
2.95
2.95

3.CI4
3.C1*
3.03
3.0U
3.03

3,82
3.81
3.81
3.81
3.80

I1.O7
h.0S
' I1.C6
I1.07
I4.07

85.16
85.70
85.58
85.16
85.16

2.89
2.90
2.91
2,91

3.CO
3.03
3.02
3.03

3.03
3.CU
3.05
3.C6

3.81
3.32
3.81
3.80

It. 07
it.07
It.08
h.07

85.16
85.16
85.33
85.16

i

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- 2
S . GOVERNMENT SECURITY YIELDS AND PRICES
(Yields in per cent per annum)
Auction averarre
3-month 6-month
. bills
bills

Period
Wneklv nvornp;n;
1961 - D e c . 2
9
16
23
- 30

'

Longterm
bonds 3 /

Price,
longterm
bonds h /

2.6C6
2.625
2.579
2.670"
2.5%

2.0C6
2.367
2.G7li
2.915
2.81,5

2.56
, 2.58
2.59
2,61
2.66

2.78
2.88
2.89
2.66
2.90

2.91
2.97
2.97
2.95
3.02

2.98
3.03
3.02
3.OU
3.01*

3.73
3.82
3.81
3.81
3.81

it.01
a . 05
U.C6
I.C6
U.07

86.22
85.75 •"
85.56
85.53
85.1,3

2.617
2.272

2.875
2.530

2.60
2.25

2.88
2.50

2.97
, 2.61t

3.03
2.79

3.82
3.51

I4.C6
3.88

85.61
87.81,

2.378

2.605

2.36

2.59

2.81

2.91

3.60

3.90

87.55

Monthly nvern.PR:
1961 - December
i960 -December
1961 - average
Note:

U. S. Government security y i e l d s
ilarket yield I
Other issues Issues, due
in 3 t o 5
3-month 6-month 9-12 month due i n 9-12
months 1 /
bills
bills
bills
years 2 /

Yields are averages of those computed by the Federal Reserve Bank of New York on the basis cf closing bid p r i c e s .

| 1/ Currently includes the 3-3/U per cent note of November 15, 1962, the 3-l/U per cent note of November 15, 1562, and
!
beginning December 16, the 2-l/k per cent bond of December 15, 1959-62.
! 2 / Currently includes the following note and bonds:
2-5/8 per cent bond of 2/15/65
U-5/8 per cent note of 5/15/65
3 - 3 A per cent bond of 5/15/66

3
per cent bond of 8/15/66
3-3/8 per cent bond of 11/15/66

2 / Currently includes the following bonds due or callable i n ten years or more:
3-7/8 per cent of 197b
3 - 1 A per cent of 1985
I4-I/I4. per cent\ of 1975-85
3-1/2 per cent of 1990
3-1/li per cent ^ of 1978-83
3
per cent of 1995
It
per cent of 1980
3-1/2 per cent cf 1998
3-1/2 per cent of 1980
I Ij/ Prices derived frcm average market y i e l d s on basis of an assumed 3 per cent, 20-year bond.
j

GOVERMIENT FINANCE SECTION




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January 8, 1962