Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : April 13, 1992

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

(516/517)

Selected Interest &
Exchange Rates
Weekly Series of Charts

April 13,1992

DIVISION O F
INTERNATIONAL FINANCE

Prepared by the

BOARD O F GOVERNORS
F E D E R A L RESERVE SYSTEM

FINANCIAL MARKETS
SECTION




Washington, DlC. 20551

Table of Contents

TABLES

1. LATEST FIGURES PLOTTED
2. DAILY CERTIFIED SPOT
EXCHANGE RATES
H.10 RELEASE
CHARTS

1.
2.
3.
4.
5.

SPOT EXCHANGE RATE INDICES
3-MONTH FORWARD EXCHANGE RATES
GOLD PRICE—LONDON
CALL MONEY RATES
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 INDICES




SUBSCRIPTION RATES:

Weekly $30.00 per year or $.70 each in the United
States, its possessions, Canada, and Mexico.
Elsewhere. $35.00 per year or $.80 each. Address
requests to Publications Services Division of
Support 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.

CHART 1

SPOT EXCHANGE INDICES
DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)
AVERAGES FOR WEEK ENDING WEDNESDAY
RATIO SCALE
MARCH 1973=100

140

RATIO SCALE
MARCH 1973=100

140

FOREIGN CURRENCY
PRICE OF U.S. DOLLAR

BELGIAN FRANC

i

i

i

I

i

i

i

I

i

i

i

I

i

i

» i

i

i

I

i

i

i

I

i

i

i

I

i

i

I

i

i

i

l

'

'

I

I

I

I

I

I

'

'

'

I

'

'

i

SWISS FRANC
M-

i

i

I

i

i

i

I

i

i

i

I

i

i

i

JAPANESE YEN

'

i

i

I

I

I

I

I

i

'

'

CANADIAN DOLLAR

U.K. POUND

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

DUTCH GUILDER

—

V

i

i

—

i

I

'

i

'

l

i

i

i

I

i

i

i

'

GERMAN MARK

i

l

l

'

'

— | 55

ITALIAN LIRA

FRENCH FRANC

50
45
40
— I 35

I

I

I




I

I

I
1990

I

I

I

I

I

I

I

I
1992

I

t

i

i

I

i

i
1990

i

I

i

i

'

l

i

'
1992

i

CHART 2

3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+) OR (-)
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM

4

PERCENT PER ANNUM

4

i

CANADIAN DOLLAR

U.K. POUND

—

12
8

i

i

i

I

i

i

i

I

i

i

i

I

i

i

i

i

i

i

I

i

'

i

i

i

I

i

i

4

12

8
GERMAN MARK

i

i

i

i

i

JAPANESE YEN

i

i

I

i

i

i

i

i

i

SWISS FRANC

i

i

i

I

i

i

i

l

i

i

i

l

i

i

i

DUTCH GUILDER
—

" W

1
FRENCH FRANC




1

I

1

1

1

I

I

I

1

I

1

1

1 1
1990

1

1

1

1

1

1

1

1

1

1

ITALIAN LIRA

1
1990

1

VS.

1992

1

1

1

1992

12

CHART3

PRICE OF GOLD IN LONDON
A V E R A G E S FOR W E E K ENDING W E D N E S D A Y

U.S. DOLLARS PER FINE OUNCE
460

U.S. DOLLARS PER FINE OUNCE
460

440

—

440

—

420

12.5 Kg BARS
AFTERNOON FIXING PRICE

420

400

380

400

—

—

360

360

340 —

—

320




380

1989

1990

1991

1992

340

320

CHART 4

CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANNUM

PERCENT PER ANNUM

16

16

12

12

FRANCE

—

U.S. FEDERAL FUNDS

JAPAN

0

i

i

i

I

i

i

i

I

i

i

i

I

i

i

i

'

'

i

I

i

'

i

I

'

< i

I

i

i

i

0

16

16

12

12
CANADA

GERMANY

i

i

I

i

i

i

I

i

i

i

I

i

i

i

i

i

i

I

i

i

'

I

i

i

i

I

i

i

i

0
16

UNITED KINGDOM

12
SWITZERLAND

NETHERLANDS

01

I

I

I

I




I

I
1990

I

I

I

I

I

I

I

I
1992

I

i

i

i

l

i

i
1990

'

l

'

i

'

I

i

i
1992

i

CHART 5

3-MONTH INTEREST RATES
WEEKLY SERIES
ANNUM

PERCENT PER ANNUM

12

WEIGHTED AVERAGE
FOREIGN RATE

10

SWISS INTERBANK RATE
U.S. CD'S

i

i

i

I

i

'

i

I

i

i

i

I

'

i

i

i

I

i

i

i

I

i

i

i

I

i

i

CANADIAN FINANCE CO.
PAPER

U.K. INTERBANK STERLING

i

i

I

i

i

i

I

i

i

i

I

i

i

i

GERMAN INTERBANK RATE

1

I

I

I

I

I

I

I

I

I

FRENCH INTERBANK RATE

I

'

I

10
JAPANESE CD RATE

NETHERLANDS INTERBANK RATE

i

i




I

i

i
1990

i

I

i

i

i

I

i

i
1992

i

i

i

i

I

i

i
1990

i

I

i

i

i

I

i

'
1992

'

CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM

PERCENT PER ANNUM

12

12

OVERNIGHT

i

I

i

i

i

I

'

i

i

•

'

'

•

i

'

I

'

'

I

i

i

i




I

i

'

I

i

i

i

6-MONTH

'

l

'

•

i

l

i

i

i

i

i

I

i

1-MONTH

10

10

I

7-DAY

10

2
12

i

3-MONTH

i
'
1990

i

'

10

I

i

'

i

I

i

i

i

1-YEAR

l

'

i

i

l

i

i
1992

'

i

I

'

• '
1990

2
12

2
12

10

l

•

•

'

I

'

•
1992

•

CHART 7

SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES
DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U.S.
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM

PERCENT PER ANNUM

14

14

12

12

OVERNIGHT
EURO-DOLLAR DEPOSITS

3-MONTH
EURO-DOLLAR DEPOSITS

10

10

FEDERAL FUNDS

90-DAY CD'S

DASHED LINE

DASHED LINE

J—I—l—I—l—l

I

I

i

i

i

I

i

i

i

J

I

L

J—I

I

I

I

I

I

I

i

l_L

DIFFERENTIAL
DIFFERENTIAL

f K K MiU

i

i

i




I

i

i

1990

i

I

i

i

A iiN A h s

i

i

i

i

1992

i

J—I—I—I—I—I—I
1990

l

l

'

'

1992

CHART 8

INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
RCENT PER ANNUM

PERCENT PER ANNl

16

16

12

12
INTERBANK STERLING

CANADIAN FINANCE
CO. PAPER, COVERED

COVERED LONDON

8

8

EURO-DOLLAR DEPOSITS

4

0

U.S. COMMERCIAL PAPER

DASHED LINE

'

i

i

I

i

4

DASHED LINE

< i

I

i

i

i

I

i

i

i

i

I

i

i

i

I

i

i

i

I

i

i

i

2

2
DIFFERENTIAL

+

0

2
16

DIFFERENTIAL
+

0

' V - W - " I v ' - A l U / VW..W.,'UU^\

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

•

i

i

I

i

i

i

I

i

i

i

I

i

i

i

12
SWISS INTERBANK (SF) COVERED

COVERED FRANKFURT

8

8

EURO-DOLLAR DEPOSITS

4

—

DASHED LINE

i

i

'

I

i

'

EURO-DOLLAR DEPOSITS

4

DASHED LINE

i

I

i

i

'

I

i

i

i

i

i

i

I

< i

i

I

i

i

i

I

i

i

i

2

0
2

DIFFERENTIAL

DIFFERENTIAL

+

+

0

2

2
16

12
INTERBANK DM

0

0

0

I

l




I

» l
1990

l

I

I

I

I

I

» I
1992

I

I

I

I

I

I

I
1990

I

I

I

I

I

I

I

I
1992

I

2

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
=tCENT PER ANNUM

PERCENT PER ANNl

14

14

CANADA

UNITED STATES
12

12

10

10

8

8

I

6
14

i

I

I

I

I

I

I

I

I

I

I

I

I

i

i

i

I

i

i

i

I

i

i

i

I

i

i

i

6
14

FRANCE

UNITED KINGDOM
12

12

10

10

8

6
10

8

i

i

i

l

i

'

i

I

i

i

i

I

i

'

i

SWITZERLAND

i

i

i

I

i

i

i

I

'

i

'

l

'

i

»

6
10

JAPAN

8

8

6

6

4

4

2
12

i

•

» I

'

i

i

l

i

< '

l

i

•

i

NETHERLANDS

•

i

i

I

i

i

i

l

i

i

i

I

i

i

'

2
12

GERMANY

10

10

8

8

6

6

4

i

i

'

l




'

i
1990

i

l

•

'

'

l

'

i
1992

•

i

i

i

I

i

i
1990

i

l

i

'

i

I

i

•
1992

'

4

CHART 10

STOCK INDICES
WEEKLY SERIES
RATIO SCALE

RATIO SCALE

1986=100

1986=100

200
175

200

UNITED STATES

— NETHERLANDS

— I 175

150

150

125

125

100

100

75

75

i

i

i

I

i

i

i

l

i

i

i

l

i

i

i

i

i

i

I

i

i

JAPAN

GERMANY

SWITZERLAND

FRANCE

CANADA

UNITED KINGDOM




1990

1992

1990

i

I

i

» i

I

i

i

1992

i

SERIES
ll-Mar-92
Chart

1.

Spot

rates

(U.S.

cents,

weekly averages)

Belgian franc
Canadian d o l l a r
French f r a n c
German m a r k
Italian lira
Japanese yen
Netherlands guilder
Swiss f r a n c
U.K. pound

2.9146
8 3 . 872
1 7 . 648
5 9 . 927
0.08000
0.75547
5 3 . 265
6 5 . 997
171 .92

M a r c h 1973 b a s e

rates

:

114
83
79
168
45
197
152
212
69

Weighted average exchange v a l u e

indices,

Belgian franc
Canadian d o l l a r
French f r a n c
German m a r k
Italian lira
Japanese yen
Netherlands guilder
Swedish krona
Swiss f r a n c
U.K. pound
U.S. d o l l a r
2.

3-Month Forward Exchange R a t e s ,

U.S.
Chart

3.

Gold P r i c e

dollars
4.

per

Call

fine

London,

ounce

2.9154
83.761
17.688
60.006
0.07975
0.74833
53.284
66.030
171.68

2.9431
84.020
17.868
60.583
0.08034
0.74902
53.796
66.418
173.15

2.9855
84.071
18.133
61.415
0.08134
0.75112
54.538
66.983
174.41

114.88
83.48
79.71
168.80
45.78
195.94
152.97
212.43
69.44

115.97
83.74
80.52
170.42
46.11
196.12
154.44
213.68
70.03

117.64
83.79
81.71
172.77
46.69
196.67
156.57
215.49
70.54

106.82
75.82
71.32
170.74
39.28
194.98
145.20
66.94
200.69
61.46
90.76

107.23
75.60
71.66
171.50
39.34
193.92
145.78
67.19
200.70
61.64
90 . 09

107.96
75.00
72.21
172.68
39.53
192.80
146.68
67.56
200.81
61.59
89.18

.20
.76
.35
.62
.53
.28
.14
.16

-3.00
-5.82
-5.44
-7.69
-0.57
-5.35
-4.33
-6.32

-2.91
-5.79
-5.42
-7.64
-0.62
-5.31
-4.54
-6.37

-2.86
-5.72
-5.47
-7.75
-0.50
-5.29
-4.51
-6.47

Afternoon

343 .43

338.99

341.98

339.32

3.94
3.94
6.88
9.93
9.61
5.59
9.35
7.88
10.20

4.09
4.14
6.90
9.86
9.61
5.39
9.44
7.88
9.98

3.98
4.05
6.85
9.76
9.64
4.68
9.17
7.88
9.33

115
83
79
169
46
196
153
213
69

.68
.85
.06
.27
.37
.85
.99
.90
.39
.48
.64

.20
.75
.38
.54
.58
.32
.93
.98

.24
.28
.87
.33
.01
.19
.47
.90
.55

1973=100

Premium o r
-3
-5
-5
-7
-0
-5
-3
-5

in

.85
.59
.53
.58
.92
.81
.91
.32
.53

Mar.
106
75
71
170
39
196
144
66
200
61
90

Canadian d o l l a r
French f r a n c
German m a r k
Italian lira
Japanese yen
Netherlands guilder
Swiss f r a n c
U.K. pound
Chart

2.9244
8 3 . 552
1 7 . 725
6 0 . 192
0.08016
0.74928
5 3 . 459
6 6 . 489
171 .95

= 100

Belgian franc
Canadian d o l l a r
French f r a n c
German m a r k
Italian lira
Japanese yen
Netherlands guilder
Swiss f r a n c
U.K. pound

Chart

8-Apr-92

Exchange R a t e s and I n d i c e s

Noon b u y i n g

Indices,

1 8 - M a r - 9 2 25-Mai—92 1-Api—92

106
75
71
170
39
194
145
67
201
61
90

.96
.47
.34
.98
.41
.85
.42
.07
.73
.44
.54

Discount
-3
-5
-5
-7
-0
-5
-4
-6

Fixing
349 . 0 9

Money R a t e s

U.S. f e d e r a l f u n d s
Overnight Euro-dollar
Canada
France
Germany
Japan
Netherlands
Switzerland
U n i t e d Kingdom




deposits

3
7
9
9
5
9
7
10

.95
.90
.05
.90
.58
.51
.43
38
.45

4
3
6
9
9
5
9
7
10

.04
.98
.73
.89
.56
.57
.42
.88
.48

SERIES
l a i — 9 2 18 - M a i — 9 2 2 5 - M a r - 9 2 l - A p r - 9 2
Chart

5.

3-Month I n t e r e s t

Rates

U.S. 90-day CD's, secondary market
Canadian f i n a n c e paper
French i n t e r b a n k r a t e
German i n t e r b a n k r a t e
J a p a n e s e CD r a t e
Netherlands interbank rate
Swiss i n t e r b a n k r a t e
U.K. i n t e r b a n k s t e r l i n g
Weighted average f o r e i g n i n t e r e s t rate
(G-10 C o u n t r i e s )
Chart

6.

Euro-Dollar

Deposit

7.

Selected

Euro-dollar

Overnight Euro-dollar
U.S. f e d e r a l f u n d s
Differential

& U.S.

8.

Interest

deposits

Arbitrage,

Euro-dollar deposit
Interbank s t e r l i n g C London),
Differential
U.S. commercial paper
Canadian f i n a n c e paper,
Differential

9.

10.

4.14
7.36
9.93
9.65
4.74
9.49
8.60
10.93
8.93

i. 9 4
.23
.24
.29
.49
.05

4.14
4.16
4.14
4.23
4.41
4.94

4.05
4.06
4.11
4.16
4.26
4.73

4
4
4
4
5

3 .94
3 .94
- 0 . 00

4.14
4.09
0.05

4.05
3.98
0.07

4.25
4.24
0.01

4.31
4.30
0.01

4 .29
4 .. 2 7
0., 0 2

4.23
4.21
0.01

4.16
4.14
0.02

4 . 25
4 . 22
0 . 03

4. 31
4. 31
0.. 00

4 . 29
4 . 23
0., 06

4 .23
4 .29
- 0 .06

4 . 16
4 .29
- 0 .13

4 . 29
4 . 48
- 0 . 19

4 . 35
4 , 54
- 0 . 19

4. 31
4 . 52
- 0 . 21

4 .26
4 .50
-0 .24

4 .20
4 .45
-0 . 2 5

4 . 25
4 . 04
0. 22

4. 31
4 . 12
0. 20

4 . 29
4 . 06
0. 23

4 .23
4 .10
0 .13

4 .16
4 .05
0 .12

4 . 25
3 . 94
0. 3 1

4. 31
3 . 97
0. 34

4 . 29
3 . 95
0. 34

4 .23
3 .93
0 .29

4 .16
3 .99
0 .17

8 . 64
8 . 50
7 . 89
5 . 54
6 . 29
8 . 25
9 . 55
7 . 47

8 . 97
8 . 58
7 . 93
5 . 54
6 . 35
8 . 29
9 . 75
7 . 65

8 . 78
8. 71
8 . 00
5 . 47
6 . 41
8 . 38
9. 81
7 . 58

8
8
8
5
6
8
9
7

.78
.70
.02
.45
.56
.41
.92
.53

8 .80
8 .68
7 ,97
5..67
6 . 58
8 , 36
9. 98
7 . 43

1 1 6 . 76
1 4 7 . 09
1 0 6 . 00
I l l . 80
1 1 1 . 74
1 4 0 . 67
1 5 2 . 58
1 6 4 . 34

1 1 5 . 03
1 4 4 . 46
1 0 5 . 44
106 . 45
I l l . 41
1 4 2 . 05
149. 41
1 6 6 . 10

1 1 5 . 05
1 4 3 . 19
1 0 4 . 54
1 0 9 . 55
I l l . 03
1 4 3 . 25
149. 73
1 6 5 . 70

113
144
104
102
110
142
145
164

.70
.92
.61
.81
.49
.35
.77
.24

3 - M o n t h Funds
covered

covered

L o n g T e r m G o v e r n m e n t B e l l w e t h e r Bond Y i e l d s
10-year m a t u r i t y , where a v a i l a b l e

Canada
France
Germany
Japan
Switzerland
Netherlands
U n i t e d Kingdom
United States
Chart

3.98
4.06
4.25
4.31
4.51
5.08

4.21
7.47
10.02
9.65
4.88
9.55
8.58
10.83
8.97

3.98
4.04
-0.07

Euro-dollar deposit
Swiss i n t e r b a n k , covered
Differential
Chart

3.90
4.09
4.21
4.25
4.39
4.81

4 .27
7 .57
10 . 0 3
9 .63
4 .89
9 .53
8 .38
10 . 7 3
8 .95

3.90
3.95
-0.05

covered

Euro-dollar deposit
I n t e r b a n k DM ( F r a n k f u r t ) ,
Differential

4.30
7.80
9.99
9.59
4.94
9.53
8.20
10.64
8.96

Monet r M a r k e t R a t e s

3-month E u r o - d o l l a r deposit
U.S. 90-day CD's, secondary market
Differential
Chart

4.24
7.74
9.96
9.54
4.96
9.48
7.95
10.35
8.90

Rates

Overnight
7-day
1-month
3-month
6-month
1-year
Chart

8-Apr—92

Stock

Canada
France
Germany
Japan
Netherlands
Switzerland
U n i t e d Kingdom
United States

Indices

(Wednesday f i g u r e s )

I n d i c e s ( i n o r d e r , r e b a s e d t o 1986=100) a r e T o r o n t o Composite,
T o k y o SE ( T o p i x ) , CBS A l l - G e n e r a l , S w i s s Bank I n d e x , F i n a n c i a l



110.
146.
105.
92.
111.
141.
143.
160.

57
05
08
24
30
95
89
20

CAC G e n e r a l , FAZ A k t i e n ,
T i m e s O r d i n a r y , NYSE C o m p o s i t e

FEDERAL RESERVE statistical release
April 13, 1992

H.10(512)

FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING

APRIL 10, 1992

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 rates in New York City for cable transfers payable in foreign currencies:

COUNTRY

MONETARY
UNIT

•AUSTRALIA
AUSTRIA
BELGIUM
CANADA
CHINA,P.R.
DENMARK
•EURO COMMUNITY
FINLAND
FRANCE
GERMANY
GREECE
HONG KONG
INDIA
•IRELAND
ITALY
JAPAN
MALAYSIA
NETHERLANDS
•NEW ZEALAND
NORWAY
PORTUGAL
SINGAPORE
SOUTH AFRICA
SOUTH KOREA
SPAIN
SRI LANKA
SWEDEN
SWITZERLAND
TAIWAN
THAILAND
•UNITED KINGDOM

DOLLAR
SCHILLING
FRANC
DOLLAR
YUAN
KRONE
ECU
MARKKA
FRANC
D. MARK
DRACHMA
DOLLAR
RUPEE
POUND
LIRA
YEN
RINGGIT
GUILDER
DOLLAR
KRONE
ESCUDO
DOLLAR
RAND
WON
PESETA
RUPEE
KRONA
FRANC
DOLLAR
BAHT
POUND

MEMO:
••UNITED STATES

DOLLAR

Apr. 6

1 CURRENCY UNITS PER DOLLAR)
Apr. 9
Apr. 8
Apr. 7

Apr. 10

0.7632
11.423
33.360
1.1878
5.4812
6.2940
1.2590
4.4430
5.4910
1.6215
190.15
7.7395
29.000
1.6370
1226.25
132.72
2.5800
1.8262
0.5439
6.3750
139.75
1.6525
2.8650
780.30
103.28
N. A.
5.8860
1.4887
25.460
25.660
1.7500

0.7628
11.436
33.410
1.1880
5.4812
6.3065
1.2582
4.4400
5.5010
1.6245
190.65
7.7375
28.900
1.6365
1225.75
133.28
2.5715
1.8295
0.5423
6.3860
139.40
1.6535
2.8740
781.50
103.32
43.135
5.9000
1.4920
25.405
25.620
1.7495

0.7595
11.447
33.470
1.1893
5.4812
6.3160
1.2562
4.4580
5.5080
1.6260
190.95
7.7340
29.050
1.6355
1227.00
132.60
2.5565
1.8314
0.5421
6.3980
140.45
1.6515
2.8775
773.00
103.28
N. A.
5.9050
1.4923
25.235
25.610
1.7485

0.7628
11.408
33.320
1.1884
5.4792
6.2840
1.2615
4.4230
5.4875
1.6210
189.95
7.7360
29.000
1.6445
1222.75
132.23
2.5500
1.8242
0.5437
6.3640
139.65
1.6540
2.8525
782.90
102.58
43.130
5.8750
1.4870
25.265
25.620
1.7640

0.7637
11.511
33.670
1.1867
5.4792
6.3810
1.2510
4.4650
5.5430
1.6375
191.70
7.7345
29.000
1.6293
1232.25
132.90
2.5480
1.8438
0.5435
6.4245
140.60
1.6520
2.8825
784.00
102.93
N. A.
5.9320
1.5080
25.299
25.590
1.7652

88.87

89.01

89.03

88.68

89.31

•VALUE IS U.S. DOLLARS
**INDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G-10
COUNTRIES. MARCH 1973 = 100. HEIGHTS ARE 1972-76 GLOBAL TRADE OF EACH OF THE 10 COUNTRIES.
SERIES REVISED AS OF AUGUST 1978. FOR DESCRIPTION AND BACK DATA, SEE "INDEX OF THE
WEIGHTED-AVERAGE EXCHANGE VALUE OF THE U.S. DOLLAR: REVISION" ON PAGE 700 OF THE AUGUST
1978 FEDERAL RESERVE BULLETIN.
THIS RELEASE IS AVAILABLE ONLINE THROUGH THE FACILITIES OF THE DEPARTMENT OF COMMERCE'S
ECONOMIC BULLETIN BOARD. FOR INFORMATION, CALL 1202) 377-1986.
FOR INFORMATION ABOUT YOUR SUBSCRIPTION TO THIS RELEASE OR ABOUT RECEIVING IT IN DOCUMENT
FORM, PLEASE CALL PUBLICATIONS SERVICES AT THE FEDERAL RESERVE BOARD AT 1202) 452-3244.