The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Selected Interest &
Exchange Rates
V\feekly Series of Charts
APRIL 5,1976
DIVISION OF
INTERNATIONAL FINANCE
Prepared by the
FINANCIAL MARKETS
SECTION
BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
Washington, D C. 20551
r
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
I
2. 3-MONTH FORWARD EXCHANGE RATES
3. GOLD PRICE LONDON
|
4. CALL MONEY RATES
{
5. 3-MONTH INTEREST RATES
j
6. EURO DOLLAR DEPOSIT RATES
j
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
A
Chart 1
SPOT EXCHANGE RATES
DOLLAR PRICES OF FOREIGN CURRENCIES A N D WEIGHTED AVERAGE V A L U E S (DASHED LINE)
AVERAGES FOR WEEK ENDING WEDNESDAY
90
120
CANADIAN DOLLAR
100
,
A
FOREIGN CURRENCY
PRICE OF U.S. DOLLAR
100
80
80
140
JAPANESE YEN
140
FRENCH FRANC
120
120
100
100
200
200
180
160
„
SWISS FRANC
180
y \ r \
GERMAN MARK
160
h
J
140
V \
A
fU
1
TrS
120
r
l
f
V
'
140
j
n
-
120
lllllllllll
100
- V
1
/
100
/
v
1
1
1
1
lllllllllll
1
-
160
-
160
DUTCH GUILDER
BELGIAN FRANC
140
140
l
120
V .
120
-v--
100
i
i i
1 i
i
i
100
lllllllllll
120
120
U.K. POUND
100
\
\
100
'
80
ITALIAN LIRA
V
^
I
ll
80
-
|!1
~
M
!
i
1
1974
1
' i I i i I m I m U i m I m I m
1976
Chart 2
3-MONTH FORWARD EXCHANGE RATES
PREMIUMS {+). OR DISCOUNT ( - )
AVERAGES FOR WEEK ENDING WEDNESDAY
6
CANADIAN DOLLAR
0
6
6
SWISS FRANC
U.K. POUND
0
6
12
12
12
GERMAN MARK
DUTCH GUILDER
6
0
6
6
JAPANESE YEN
2 per cent on scale equals
1 per cent on all others
FRENCH FRANC
0
6
12
1974
1976
1974
1976
Chart 3
PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
12.5 Kg BARS
Afternoon fixing price
CALL MONEY RATES
WEEKLY SERIES
PER- CENT
15
OVERNIGHT EURO-DOLLARS
JAPAN
10
5
U. S. FEDERAL FUNDS
0
20
20
U.K. 2 - D A Y LOCAL AUTHORITY
FRANCE
15
10
5
0
15
15
NETHERLANDS
10
CANADA
5
0
20
20
EURO-SWISS FRANC
GERMANY
EURO-DM
1974
1976
1S74
1976
\
Chart 5
3-MONTH INTEREST RATES
WEEKLY SERIES
12
UNITED STATES CD's
CANADIAN FINANCE CO. PAPER
8
16
U.K. INTERBANK
STERLING
GERMAN INTERBANK RATE
8
EURO-DOLLAR
SWISS DEPOSIT RATE
10
6
JAPAN
Monthly
1974
1976
1974
1976
EURO-DOLLAR DEPOSIT RATES London
AVERAGES FOR WEEK ENDING WEDNESDAY
16
3-MONTH
OVERNIGHT
12
8
16
7-DAY
12
8
16
1-YEAR
1-MONTH
12
8
1974
1976
1974
1976
Chart 7
SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES
AVERAGES FOR WEEK ENDING WEDNESDAY
PFR CENT
15
3-MONTH
Euro dollar deposits
FEDERAL FUNDS
10
OVERNIGHT
Euro dollar deposits
90 DAY GD's
5
0
DIFFERENTIAL
Adjusted for reserve requirements
DIFFERENTIAL
Adjusted for reserve requirements
1974
Favors Borrowing in U.S. if Positive
1
1976
1974
1976
Chart 8
INTEREST ARBITRAGE: 3-MONTH FUNDS
AVERAGES FOR WEEK ENDING WEDNESDAY
DIFFERENTIAL: PLUSH, INDICATES FAVOR DOLLAR ASSETS
PER CENT PER AS
ENT PER ANNUM
20
20
INTERBANK DM
Covered Frankfurt
INTERBANK STERLING
Covered London
15
15
EURO-DOLLAR
DEPOSITS
10
10
EURO-DOLLAR
DEPOSITS
5
0
DIFFERENTIAL
5
0
/ /l ]AXVrv~'*v'v-'VA"z
I >I U'
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
1
IM/wvI
r
DIFFERENTIAL
5
!
I
DIFFERENTIAL" V
J
I
I
l\/
lMliiii'|Hhili|h;lM
5
\
Chart 9
LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
9
CANADA
UNITED STATES
7
5
12
JAPAN
\ Industrial
.10
8
SWITZERLAND
GERMANY
6
14
12
18
UNITED KINGDOM
FRANCE
10
8
NETHERLANDS
6
12
12
U.S. CORPORATE
Monthly
10
__ U S. CORPORATE
Monthly
Aaa bonds
/ ^ \ Euro-dollar bonds
8
Euro-Dm bonds
6
1974
1976
1974
1976
Chart 10
INDUSTRIAL STOCK INDEXES
WEEKLY SERIES
1969:100
180
UNITED STATES
100
45
140
400
300
100
UNITED KINGDOM
JAPAN
200
60
100 A
240
180
SWITZERLAND
100
CANADA
60
100
.60
35
180
180
FRANCE
General Index
GERMANY
100
60
45
1974
1976
1974
1976
SERIES NAME
CHART I .
LAST VALUE PLOTTED
DATE
VALUE
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
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
31
31
31
31
31
31
31
31
31
31
89.22
120.13
143.76
134.56
79.93
109.86
118.55
171.82
128.05
73.96
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
31
31
31
31
31
31
31
-4.84
-4.43
2.24
-6.45
4.05
2.32
-0.79
MARCH 3 1
130.58
CHART 2 . 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
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
APRIL
MARCH
MARCH
MARCH
31
31
26
26
26
19
2
26
19
19
MARCH
MARCH
FEB.
MARCH
MARCH
MARCH
MARCH
31
31
4.84
4.97
8.38
9.20
3.40
3.13
6.75
7.56
0.53
0.99
CHART 5 . 3-M0N1H 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
31
31
31
31
5.00
3.66
8.35
5.43
10.27
8.61
4.50
SERIES NAMF
CHART 6 .
LAST VALUE PLOTTED
DATE
VALUE
EURO-DOLLAR DEPOSIT RATES: LONDON
31
31
31
31
31
31
4.97
4.95
5.10
5.43
6.25
7.04
31
31
31
31
31
31
4.97
4.84
0.34
5.43
5.00
0.34
EURO-DOLLAR DEPOSIT
INTERBANK STERLING (LONDON), COVERED
DIFFERENTIAL
MARCH 3 1
MARCH 3 1
MARCH 3 1
5.43
4.18
1.25
U . S . COMMERCIAL PAPER
CANADIAN FINANCE CO. PAPER, COVERED
DIFFERENTIAL
MARCH 3 1
MARCH 3 1
MARCH 3 1
5.13
5.43
-0.30
EURO-DOLLAR DEPOSIT
INTERBANK DM (FRANKFURT), COVERED
DIFFERENTIAL
MARCH 3 1
MARCH 3 1
MARCH 3 1
5.43
5.90
-0.47
EURO-DOLLAR DEPOSIT
SWISS DEPOSIT ( S F ) , COVERED
DIFFERENTIAL
MARCH 3 1
MARCH 3 1
MARCH 3 1
5.43
8.55
-3.13
OVERNIGHT
7-DAY
1-MONTH
3-MONTH
6-MONTH
1-YEAR
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
CHART 7 . 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 .
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
INTEREST ARBITRAGE, 3-MONTH FUNDS
\V
SERIES NAME
CHART 9 ,
LAST VALUE PLOTTED
DATE
VALUE
LONG TERM GOVERNMENT BOND YIELDS
UNITED STATES
GERMANY
JAPAN (MONTHLY)
SWITZERLAND
CANADA
FRANCE
NETHERLANDS
UNITED KINGDOM
MARCH
MARCH
FEB.
MARCH
MARCH
MARCH
MARCH
MARCH
26
26
19
26
12
19
19
7.66
7.53
8.61
5.16
9.48
10.00
7.07
14.05
U . S . CORPORATE
AAA BONDS
EURO—DM BONDS
EURO-DOLLAR BONDS
CHART 1 0 .
FEB.
FEB.
FEB.
8.55
7.47
8.17
INDUSTRIAL STOCK INDEXES
UNITED STATES
JAPAN
CANADA
FRANCE
UNITED KINGDOM
SWITZERLAND
GERMANY
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
MARCH
26
5
19
12
19
26
26
107.66
226.53
107.84
114.51
93.93
72.87
104.39
F E D E R A L
H
"10
R E S E R V E
statistical
release
*PRIL
FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING
APRIL
2,
2 , 1 9 7 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
S R I LANKA
SWEDEN
SWITZERLAND '
U N I T E D KINGDOM
MONETARY
UNIT
MAR. 2 9
MAR. 3 0
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
124.6200
5.46000
2.55780
101.5600
16.4700
26.0600
21.3400
39.2000
11.1500
191.7000
0.11770
0.33370
39.1300
8.0000
37.1300
101.8400
18.0600
3.4200
114.8000
1.4905
12.4000
22.6700
39.2000
191.7000
124.5800
5.46000
2.56050
101.5700
16.5100
26.0500
21.4000
39.3800
11.1500
191.5500
0.11860
0.33350
39.1100
8.0000
37.2100
101.8800
18.1400
3.4100
114.8000
1.4915
12.4000
22.6800
39.4000
191.5500
(RATE U . S .
MAR.
CENTS
31
124.6100
5.48000
2.56150
101.5900
16.4200
26.0600
21.3600
39.3800
11.1500
191.5900
0.11890
0.33380
39.1500
8.0000
37.2000
101.8000
18.0800
3.4100
114.8000
1.4935
12.4000
22.6900
39.3900
191.5900
APR.
1
124.6500
5.50000
2.57300
101.5700
16.4300
26.0800
21.3600
39.5800
11.1500
168.4000
0.11890
0.33390
39.1100
8.0000
37.2500
101.8100
18.1600
3.4100
114.8000
1.4930
12.4000
22.7400
39.5800
188.4000
APR.
2
124.2500
5.48000
2.56100
101.6400
16.3800
26.0800
21.3700
39.3100
11.1000
187.1000
0.11720
0.33410
39.2200
8.0000
37.1400
101.1000
18.1400
3.4100
114.8000
1.4900
12 . 4 5 0 0
22.6500
39.3500
187.1000
@FedFRASER