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Selected Interest & Exchange Rates \Afeekly Series of Charts APRIL 12,1976 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 Table of Contents TABLES SUBSCRIPTION RATES: 1. LATEST FIGURES PLOTTED Weekly $15.00 per year or $.40 each in the United States, its possessions, Canada, and Mexico; 10 or more of the same issue to one address, $13.50 per year or $.35 each. Elsewhere, $20.00 per year or $.50 each. Address requests to Publications Services, Division of Administrative Services, and make payment remittance payable to the order of the Board of Governors of the Federal Reserve System in a form collectible at par in U.S. Currency. 2. DAILY CERTIFIED SPOT EXCHANGE RATES-H.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDEXES 2. 3-MONTH FORWARD EXCHANGE RATES 3. GOLD PRICE LONDON 4. CALL MONEY RATES 5. 3-MONTH INTEREST RATES 6. EURO DOLLAR DEPOSIT RATES 7. SELECTED EURO DOLLAR AND U.S. MONEY MARKET RATES 8. INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDEXES Chart 1 SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY 100 90 120 CANADIAN DOLLAR FOREIGN CURRENCY PRICE OF U.S. DOLLAR 100 80 I 140 I JAPANESE YEN I I h I I I 111 I l l l l l l l l l M I l l l l l I I I FRENCH FRANC f 140 / \ 120 120 100 ' i i 100 Vv i I I lllllllllM I lllllllllM 200 - - 180 160 __ GERMAN MARK /v/ 7 J r I DUTCH GUILDER \r* y : - 160 140 J -V / 100 \ / V " tr- " 120 - JI A - \ 200 180 SWISS FRANC - : 140 160 BO ' - 120 I I I I I I I lllllllllM I I I I I I I I I I I100 160 - BELGIAN FRANC " 140 140 120 J 100 S\/*K I I I v I -V'-- I I I 120 120 100 120 U.K. POUND ITALIAN LIRA 100 100 80 80 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY :NT PER ANNUM ( CANADIAN DOLLAR c E PER CENT PER ANNUM E 12 SWISS FRANC 0 r6 12 12 _Li i GERMAN MARK i i I i i i I I I I I I I I 11 I DUTCH GUILDER - 6 0 - I I 6 I f I I I — 6 FRENCH FRANC JAPANESE YEN 2 per cent on scale equals 1 per cent on all others - 0 6 12 I i I I I I I 11 i I! I i ! ! i I 11! 111 m i m Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY 210 12.5 Kg BARS Afternoon fixing price 180 150 120 90 60 1974 1976 Chart 4 CALL MONEY RATES WEEKLY SERIES PE 1! PER CENT PER A NT PER ANNUM OVERNIGHT EURO-DOLLARS 1- JAPAN 1( ! - U. S. FEDERAL FUNDS I I I C 1 1 1 2C U.K. 2 - D A Y LOCAL AUTHORITY FRANCE 15 " K 10 z ; 5 0 1 1 1 1 1 1 15 NETHERLANDS 10 CANADA 5 0 20 EURO-SWISS FRANC 15 H GERMANY 10 5 0 M1 EURO-DM 5 1 v Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES 12 UNITED STATES CD's CANADIAN FINANCE CO. PAPER 8 4 16 U.K. INTERBANK STERLING GERMAN INTERBANK RATE 12 8 4 14 EURO-DOLLAR SWISS DEPOSIT RATE 10 6 JAPAN Monthly 1974 1976 1974 1976 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY PER 16 3-MONTH OVERNIGHT 12 8 16 16 6-MONTH 7-DAY 12 8 4 16 16 1-MONTH 1-YEAR 12 8 4 1974 1976 1974 1976 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 15 — 3-MONTH Euro-dollar deposits FEDERAL FUNDS 10 OVERNIGHT Euro-dollar deposits 5 90 DAY CD's y1Y y V v - DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1874 Favors Borrowing in U.S. if Positive 1976 1974 1976 Chart 8 INTEREST ARBITRAGE: 3-MOfJTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUSM. INDICATES FAVOR DOLLAR ASSETS ENT PER AN^UM PER CENT PER AN 20 15 INTERBANK DM Covered Frankfurt INTERBANK STERLING Covered London 15 EURO-DOLLAR DEPOSITS 10 10 EURO-DOLLAR DEPOSITS 5 5 4 l Vl j\ j u\/*i 0 0 DIFFERENTIAL ' •' ^ DIFFERENTIAL 5 5 10 10 15 CANADIAN FINANCE CO. PAPER. COVERED 15 EURO-DOLLAR DEPOSITS SWISS DEPOSITS (SF) COVERED 10 10 5 5 U.S. COMMERCIAL PAPER 0 0 DIFFERENTIAL DIFFERENTIAL 5 1974 5 1976 1974 1976 \ Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES CANADA 9 UNITED STATES 7 5 12 , JAPAN \ Industrial 10 8 SWITZERLAND GERMANY Illllllllll 6 14 12 18 UNITED KINGDOM FRANCE 10 8 NETHERLANDS 6 4 12 12 U.S. CORPORATE Monthly 10 - U S. CORPORATE Monthly Euro-dollar bonds Aaa bonds 8 Euro Dm bonds Illllllllll 6 1974 1976 1974 1976 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES 1969=100 180 UNITED STATES 100 60 400 140 300 100 UNITED KINGDOM JAPAN 200 60 100 35 240 140 180 SWITZERLAND 100 CANADA 100 60 35 180 180 FRANCE General Index 100 Digitized45for FRASER 1974 100 GERMANY 60 45 1976 1974 1976 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 1 . SPOT EXCHANGE RATES U . S . DOLLAR, WEIGHTED AVERAGE JAPANESE YEN GERMAN MARK DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA CHART 2 . j i APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 7 7 7 7 7 7 7 7 7 7 89.66 120.32 144.17 134.63 77.88 110.00 118.84 172.32 128.31 73 . 0 6 APRIL APRIL APRIL APRIL APRIL APRIL APRIL 7 7 7 7 7 7 7 -4.71 -4.80 2.27 -7.33 4.11 1.98 -0.45 APRIL 7 128.31 APRIL APRIL APRIL MARCH APRIL MARCH APRIL APRIL MARCH MARCH 7 7 2 26 2 26 9 2 26 26 4.73 4.88 8.13 9.20 3.40 3.35 6.75 7.50 0.75 0.77 APRIL APRIL FEB. APRIL APRIL APRIL APRIL 7 7 5.00 3.60 8.35 5.44 10.07 8.61 4.50 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN 1 £ ! CHART 3 . GOLD PRICE I N LONDON U . S . DOLLAR PER FINE OUNCE CHART 4 . CALL MONEY RATES i j i 1 j | U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U . K . 2-DAY LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5 . 3-MONTH INTEREST RATES U . S . CD'S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT FRASER Digitized for 7 7 7 7 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 6 , EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . 4.88 4.79 5.06 5.44 6.15 6.95 SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . CD'S ( 6 0 - 8 9 DAYS) DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS CHART 8 . APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL APRIL APRIL APRIL 5.44 3.81 1.62 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL APRIL APRIL APRIL 5.20 5.36 -0.16 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL APRIL APRIL APRIL 5.44 5.87 -0.44 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL APRIL APRIL APRIL 5.44 8.61 -3.17 Y? SERIES NAME CHART 9 . LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. APRIL APRIL FEB. MARCH MARCH MARCH MARCH MARCH 2 2 26 26 19 26 19 7.66 7.55 8.61 5.14 9.48 10.01 7.20 14.05 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . LAST VALUE PLOTTED DATE VALUE FEB, FEB. FEB. 8.55 7.47 8.17 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY APRIL MARCH MARCH MARCH MARCH APRIL APRIL 2 26 26 12 19 2 2 107.50 226.99 108.30 114.51 93.93 72.09 103.55 FEDERAL H.XO RESERVE statistical r e l e a s e FOR THE WEEK ENDING APRIL 9, 1976 APRIL FOREIGN EXCHANGE RATES 1976 The Board of Governors of the Federal Reserve System is advised that the Federal Reserve Bank of New York has certified for customs purposes the following noon buying rate in New York City for cable transfers payable in foreign currencies: COUNTRY AUSTRALIA AUSTRIA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN S R I LANKA SWEDEN SWITZERLAND UNITED KINGDOM MONETARY UNIT APR. DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESATA RUPEE KRONA FRANC POUND 124.0000 5.47000 2.56630 101.7500 16.5100 26.0300 21.3900 39.3600 11.1000 186.4500 0.11680 0.33410 39.0800 8.0000 37.1700 100.8000 18.1300 3.3900 114.8000 1.4890 12.4500 22.6600 39.3700 186.4500 5 APR. 6 (RATE U . S . CENTS APR. 7 123.7500 5.48000 2.56630 101.8000 16.5700 26.0400 21.4200 39.4200 11.1000 186.0000 0.11620 0.33440 39.0000 8.0000 37.2100 100.4500 18.2000 3.3800 114.8000 1.4890 12.4500 22.6800 39.4300 186.0000 123.9000 5.47000 2.56430 101.9800 16.5100 26.0400 21.4400 39.2800 11.1000 386.6200 0.11540 0.33460 39.0100 8.0000 37.1800 100.5000 18.1700 3.3900 114.8000 1.4880 12.4500 22.6500 39.3000 186.6200 APR. 8 123.9400 5.50000 2.56400 102.1600 16.5300 26.0200 21.4700 39.4800 11.1000 183.4000 0.11420 0.33620 38.9900 8.0000 37.2200 100.5400 18.1900 3.3800 114.8000 1.4875 12.4500 22.6900 39.5500 183.4000 APR. 9 123.7200 5.49000 2.56200 102.0200 16.4800 25.9800 21.4300 39.3900 11.1000 183.6500 0.11360 0.33570 39.0100 8.0000 37.1800 99.6000 18.1800 3.3900 114.8500 1.4850 12.4000 22.6600 39.4300 183.6500
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