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Selected Interest &
Exchange Rates
XAfeekly Series of Charts
APRIL 19,1976
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
1 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
a INTEREST ARBITRAGE: 3-MONTH FUNDS
9. LONG-TERM GOVERNMENT BOND YIELDS
10. INDUSTRIAL STOCK INDEXES
Chart 1
SPOT EXCHANGE RATES
D O L L A R PRICES OF F O R E I G N CURRENCIES A N D W E I G H T E D A V E R A G E V A L U E S (DASHED LINE)
A V E R A G E S FOR WEEK E N D I N G W E D N E S D A Y
RATI
SCALE
120
CANADIAN DOLLAR
100
-
90
\
FOREIGN CURRENCY
PRICE OF U.S. D O L L A R
,
V A
80
v
/
I
I
A
^
I
100
X
/
80
_ L _ L
140
A\
FRENCH FRANC
140
/ A
Lw/
120
J
100
120
100
1/
I
I
I I
I
200
I
1
1
1
1
11111111111
200
__
180
180
„
SWISS F R A N C
GERMAN MARK
160
/
140
n
V -
kJ
r
-
120
l l h l l l l l M
100
i
|
1 1 1 1 1 1
i i I i i I h I i i
160
_
120
|
~NJ
7
J
\ f
z v
/ \
V
v
160
DUTCH GUILDER
140
-
~
BELGIAN FRANC
140
^
-
1
"
1
1
1
1
1
v
.
120
- v a -
"
V
100
160
140
J
—/
/
100
:
/ '
\ /
hS
120
V V V /
j r \ f \
1
1
1
1
1
' \ y ' '
1
1
1
1
1
100
n i l l i n 111
120
120
U.K. P O U N D
I T A L I A N LIRA
100
100
80
80
lft|lll[lhl
3-MONTH FORWARD EXCHANGE RATES
PREMIUMS {+). OR DISCOUNT ( - )
AVERAGES FOR WEEK ENDING WEDNESDAY
PER
-NT PER ANNUM
6
CANADIAN DOLLAR
0
6
PER CENT PER ANNUM
12
6
SWISS FRANC
0
/*\
6
I IIIIll
12
12
GERMAN MARK
DUTCH GUILDER
6
0
6
G
FRENCH FRANC
0
B
12
JAPANESE YEN
2 per cent on scale equals
1 per cent on all others
r
:
Chart 3
PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
OS. DOLLARS PER FINE OUNCE
12.5 Kg BARS
— Afternoon fixing price
180
150
120
90
60
1974
1976
Chart 4
CALL MONEY RATES
WEEKLY SERIES
"•ER CENT PER Al
JT PER ANNUM
1E
JAPAN
1C
J
U. S. FEDERAL FUNDS
C
2C
U.K. 2 - D A Y LOCAL AUTHORITY
FRANCE
V\
15
10
-
V ,
5
0
I
I
I
l
I
l
15
10
NETHERLANDS
CANADA
5
0
20
EURO-SWISS FRANC
15
GERMANS
10
5
0
EURO-DM
5
-
1
Chart 5
3-MONTH INTEREST RATES
WEEKLY SERIES
12
UNITED STATES CD's
CANADIAN FINANCE CO. PAPER
4
16
U.K. INTERBANK
STERLING
GERMAN INTERBANK RATE
12
B
4
EURO-DOLLAR
SWISS DEPOSIT RATE
10
6
JAPAN
Monthly
1974
1976
1974
1976
EURO-DOLLAR DEPOSIT RATES London
AVERAGES FOR WEEK ENDING WEDNESDAY
PER
16
3-MONTH
OVERNIGHT
12
8
4
16
IS
>—MONTH
7-DAY
12
8
16
16
1-MONTH
1-YEAR
12
8
4
1974
1976
1974
Chart 7
SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES
AVERAGES FOR WEEK ENDING WEDNESDAY
PEP CENT
15 [—
3-MONTH
Euro-dollar deposits
FEDERAL FUNDS
10
OVERNIGHT
Euro-dollar deposits
5
90 DAY CD's
21 y V ; -
0
DIFFERENTIAL
Adjusted for reserve requirements
DIFFERENTIAL
Adjusted for reserve requirements
1974
Digitized for Favors
FRASER
Borrowing in U.S. if Positive
1976
1974
1976
INTEREST ARBITRAGE: 3-MONTH FUNDS
AVERAGES FOR WEEK ENDING WEDNESDAY
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
PER ANNUM
PER CENT PE4
SO
20
INTERBANK DM
Covered Frankfurt
INTERBANK STERLING
Covered London
15
15
EURO-DOLLAR
DEPOSITS
10
10
EURO-DOLLAR
DEPOSITS
5
5
0
0
DIFFERENTIAL
DIFFERENTIAL
5
5
10
10
15
15
EURO-DOLLAR DEPOSITS
CANADIAN FINANCE CO. PAPER, COVERED
SWISS DEPOSITS (SF)
COVERED
10
10
5
5
U.S. COMMERCIAL PAPER
v\i
0
0
DIFFERENTIAL
5
DIFFERENTIAL
1
I
1974
1976
5
1974
197(
w
Chart 9
LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PER CENT PER ANNUM
PER CENT PER ANNUM
CANADA
UNITED STATES
1
1
1
1
1
1
1
_
-
r
- J
v
XI
1
J
i
1
1
1
I
x
JAPAN
\ Industrial
1
1
1
1
1
lllllllllll
SWITZERLAND
v X , - -
GERMANY
1
1
-
V.
r"
-
-
^
1
inii
\
"
lllllllllll
/ W;
UNITED KINGDOM r
FRANCE
:
1
NETHERLANDS
1
U.S. CORPORATE
Monthly
1
1
1
1
1
U S. CORPORATE
Monthly
< \ Euro-dollar bonds
Aaa bonds
Euro-Dm bonds
Chart 10
INDUSTRIAL STOCK INDEXES
WEEKLY SERIES
1969=100
180
UNITED STATES
100
60
45
140
400
300
100
UNITED KINGDOM
JAPAN
200
60
35
100
140
180
100
SWITZERLAND
CANADA
60
100
60
35
180
180
FRANCE
General Index
100
100
GERMANY
60
45
45
1974
1976
1974
1976
V>
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 .
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
14
14
14
14
14
14
14
14
14
14
90.28
120.77
144.22
134.78
76.87
109.91
118.87
172.76
128.25
70.40
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
14
14
14
14
14
14
14
-4.53
-5.38
2.05
-7.51
4.17
2.11
-0.30
A P R I L 14
127.88
A P R I L 14
APRIL 14
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
4.77
4.96
7.88
9.00
3.40
3.15
6.75
7.50
2.93
0.74
APRIL
APRIL
FEB.
APRIL
APRIL
APRIL
APRIL
4.88
3.60
8.35
5.36
9.90
8.74
4.50
3-MONTH FORWARD EXCHANGE RATES
CANADIAN DOLLAR
U . K . POUND
GERMAN MARK
FRENCH FRANC
SWISS FRANC
DUTCH GUILDER
JAPANESE YEN
CHART 3 . GOLD PRICE I N LONDON
U.S.
DOLLAR PER FINE OUNCE
CHART 4 . CALL MONEY RATES
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 1
GERMAN INTERBANK LOAN
JAPANESE COMPOSITE LOAN
EURO-DOLLAR DEPOSIT
CANADIAN FINANCE COMPANY PAPER
INTERBANK STERLING
FRASER
SWISS DEPOSIT
Digitized for
14
14
14
14
14
14
LAST VALUu PLOTTEt)
DATE
VALUE
SERIES NAME
CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON
OVERNIGHT
7-OAY
1-MONTH
3-MONTH
6-MONTH
1-YEAR
14
14
14
14
14
14
4.96
4.90
5.06
5.36
5.99
6.80
14
14
14
14
14
14
4.96
4.77
0.40
5.36
4.88
0.39
EURO-DOLLAR DEPOSIT
INTERBANK STERLING (LONDON), COVERED
DIFFERENTIAL
APRIL 14
APRIL 1 4
APRIL 14
5.36
3.35
U . S . COMMERCIAL PAPER
CANADIAN FINANCE CO. PAPER, COVERED
DIFFERENTIAL
APRIL 14
APRIL 14
APRIL 14
5.10
5.37
-0.27
EURO-DOLLAR DEPOSIT
INTERBANK DM (FRANKFURT), COVERED
DIFFERENTIAL
APRIL 1 4
APRIL 14
APRIL 14
5.36
5.65
-0.29
EURO-DOLLAR DEPOSIT
SWISS DEPOSIT ( S F ) , COVERED
DIFFERENTIAL
APRIL 14
APRIL 14
APRIL 14
5.36
8.67
-3.31
CHART 7 .
SELECTED EURO-DOLLAR AND U . S .
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
MONEY MARKET RATES
OVERNIGHT EURO-DOLLAR DEPOSITS
U . S . FEDERAL FUNDS
DIFFERENTIAL ADJ. 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
"HART 8 .
APRIL
APRIL
APRIL
APRIL
APRIL
APRIL
INTEREST ARBITRAGE, 3-MONTH FUNDS
2.01
SERIES NAME
LAST V A L U l PLOTTED
DATE
VALUE
CHART 9 . LONG TERM GOVERNMENT BONO YIELDS
UNITED STATES
GERMANY
JAPAN (MONTHLY)
SWITZERLAND
CANADA
FRANCE
NETHERLANDS
UNITED KINGDOM
9
APRIL
APRIL
2
FEB,
MARCH 2 6
APRIL
2
MARCH 2 6
APRIL
2
MARCH 19
7.57
7.55
8.61
5.14
9.39
9.98
7,09
14.05
U . S . CORPORATE
AAA BONDS
EURO-DM BONDS
EURO-DOLLAR BONDS
CHART 1 0 .
MARCH
FEB.
FEB.
8.52
7.47
8.17
INDUSTRIAL STOCK INDEXES
UNITED STATES
JAPAN
CANADA
FRANCE
UNITED KINGDOM
SWITZERLAND
GERMANY
APRIL
MARCH
MARCH
MARCH
MARCH
APRIL
APRIL
9
26
26
12
19
9
9
107,28
226.99
108.30
114.51
93.93
70.91
101.21
FEDERAL
H. 10
RESERVE
s t a t i s t i c a l
r e l e a s e
APRIL 1 9 , 1976
FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING
APRIL 1 6 , 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
SRI LANKA
SWEDEN
SWITZERLAND
UNITED KINGDOM
MONETARY
UNIT
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
CRATE U . S . CENTS)
APR. 14
AAA. 12
APR. 13
123.5700
5.49000
2.56300
101.7100
16.4800
25.9800
21.3000
39.3100
11.1000
184.5000
123 . 57 00
5.47000
2.56600
101.2900
16.4800
25.9500
21.3600
39.3800
11.1000
185.3000
0.11150
0.33490
38.9500
8.0000
37.2300
100.2200
18.1700
3.3600
114.8500
1.4848
12.4000
22.6700
39.5000
185.3000
0.11000
0.33510
36.9700
8.0000
37.2100
99.8300
18.1800
3.3800
114.8500
1.4850
12.4000
22.6700
39.3900
184.5000
APR. 15
APR. 16
123.7300
5.51000
2.57000
101.1600
16.5600
25.9500
21.4500
39.4600
11.1000
185.6500
0.11390
0.33550
38.9800
123.5000
5.50000
2.56300
101.1100
16.5900
26.0100
21.4000
39.4300
11.1000
185.2000
0.11400
0.33400
39.0000
123.5000
5.50000
2.56600
101.3200
16.5700
37.3200
100.3300
18.2000
3.3700
114.8500
1.4850
12.4000
22.6900
39.6600
185.6500
37.2700
100.4100
18.2000
3.3800
114.8500
1.4859
12.4000
22.7000
39.5900
185.2000
37.2500
100.4100
18.2200
3.3700
114.8500
1.4855
12.4000
22.7000
39.4400
185.4000
8.0000
8.0000
26.0100
21.3700
39.4400
11.1000
185.4000
0.11430
0.33410
39.0300
8.0000
@FedFRASER