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Eedvrai K • of San Fro AUG 4 - 1 9 / 7 LfBRARY Selected Interest & Exchange Rates Weekly Series of Charts AUGUST 1, 1977 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 a 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 RATIO SCALE MAY 1970 PARITY=100 RATIO SCALE MAY 1970 PARITY=100 CANADIAN DOLLAR 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 90 V I 140 I I I I I I III I I I I I II - AZ ..JAPANESE YEN SK / 120 I v— r FRENCH FRANC - - v . | / X V^ v ~_ v sJ 100 120 y 100 I I I I I I I 1 1 1 nlnl.ilM 1 1 1 llllllllllltlllllllllll SWISS FRANC GERMAN MARK DUTCH GUILDER BELGIAN FRANC 100 100 — \ — 1 1 s\ I \ \Ci - - N 60 1 1977 80 - - 1975 100 ITALIAN LIRA U.K. POUND 1 r " 1 1 1975 1 1977 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY CENT PER ANNUM Aa > CANADIAN DOLLAR ? — 6 I I f f I I PER CENT PER ANNUM + 0 DUTCH GUILDER U. K. POUND VX, - " X V > / 6 12 - 18 6 I I I I I I 12 SWISS FRANC GERMAN MARK — 6 + 0 6 6 6 12 JAPANESE YEN + 0 2 PER CENT ON SCALE EQUALS 1 PER CENT ON ALL OTHER FRENCH FRANC 6 12 12 24 nliilii 1975 1977 1975 1977 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 200 — 12.5 Kg BARS AFTERNOON FIXING PRICE CHART 4 CALL MONEY RATES WEEKLY SERIES \ PER CENT PER ANNUM PER CENT PER ANNUM 16 16 U.S. FEDERAL FUNDS JAPAN OVERNIGHT EURO-DOLLARS U.K. 2-DAY LOCAL AUTHORITY FRANCE — CANADA NETHERLANDS — — - I 16 I I I I I — 12 EURO-DM GERMANY EURO-SWISS FRANC 4 1975 1977 1975 1977 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 12 CANADIAN FINANCE CO. PAPER i UNITED STATES CD* • ~ l I I I I I 14 r ™ U.K. INTERBANK STERLING GERMAN INTERBANK RATE 111 n i l 1111 — 14 M EURO-DOLLAR SWISS INTERBANK RATE !0 v V V—V yA JAPAN MONTHLY X AZ I I I I I 1975 I \ — I111iiliil111 1977 1975 1977 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY CENT PER ANNUM PER CENT PER ANNUM OVERNIGHT 3-MONTH 7-DAY 6-MONTH — 1-MONTH /v\ 1-YEAR - - I I 1975 1977 12 - 1975 II I I I I 1977 II I : CHART 7 ) - SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 12 PER CENT PER ANNUM - 12 OVERNIGHT EURO-DOLLAR DEPOSITS 3-MONTH E U R O - D O L L A R DEPOSITS FEDERAL FUNDS DASHED LINE 90-DAY CD S DASHED LINE DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS DIFFERENTIAL | A D J U S T E D FOR RESERVE REQUIREMENTS Ai Ul/V ' i A -Ay I I I I I I I I I I I 1975 FAVORS BORROWING IN U. S. IF POSITIVE 1 A 11111111111111111111111 II I I I I I I I I I 1977 . 1975 1977 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUSC+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM EURO-DOLLAR DEPOSITS 12 INTERBANK STERLING INTERBANK DM COVERED LONDON COVERED FRANKFURT 6 EURO-DOLLAR DEPOSITS DASHED LINE + 0 DIFFERENTIAL * DIFFERENTIAL CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 12 6 U.S. COMMERCIAL PAPER SWISS INTERBANK (SF) COVERED DASHED LINE + 0 DASHED LINE , DIFFERENTIAL DIFFERENTIAL 1975 1977 1975 1977. CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER PER CENT PER AN :ENT PER ANNUM CANADA UNITED STATES 9 10 ;/> / 8 5 6 8 11 \ JAPAN \ INDUSTRIAL - / V - \ - SWITZERLAND 6 9 L* - GERMANY 7 I I I I I I 4 2 18 13 11 - UNITED KINGDOM FRANCE 16 . 9 14 7 V/ NETHERLANDS 5 I I I I I ~ I 10 12 U. S. CORPORATE 12 11 MONTHLY U. S. CORPORATE MONTHLY / \ / AA \V EURO-DOLLAR BONDS A 10 9 Aaa BONDS 8 7 EURO-DM BONDS 6 5 1975 1977 1975 1977 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES 1969: SCALE 00 180 140 UNITED STATES 100 80 RATIO SCALE 1969=100 60 UNITED KINGDOM 360 - 280 __ JAPAN 200 160 120 I I I I I I nil ihili i 180 100 140 CANADA SWITZERLAND - X - 80 100 60 80 - 60 I I I I I I 40 180 180 140 - FRANCE GENERAL 140 INDEX GERMANY 100 100 80 80 60 1975 60 1977 1975 1977 e SERIES NAME LAST VALUE PLOTTEC 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 ITALIAN LIRA 2 . 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY 27 27 27 27 27 27 27 27 27 27 68.26 136.10 162.30 149.89 71.80 101.69 115.23 182.89 142.78 70.88 27 27 27 27 27 27 27 -1.52 —3. 60 2.01 -5.48 2.88 2.75 0.01 JULY 27 145.31 ' JULY JULY JULY JULY JULY JULY JULY 3 . GOLD PRICE IN LONDON U . S . DOLLAR PER FINE OUNCE 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 5. JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY 27 20 22 15 22 22 22 22 15 22 5.45 5.47 6.88 7.10 4.00 3.81 5.63 8.63 0.60 0.93 JULY JULY MAY JULY JULY JULY JULY 27 27 5.38 4.12 7.85 5.78 7.27 7.74 2.88 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 INTERBANK LOAN 27 27 27 27 SERIES NAME CHART 6 . LAST VALUE PLOTTEi DATE VALUE , EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR JULY JULY JULY JULY JULY JULY 20 27 27 27 27 27 6.31 20 27 27 27 27 27 5.47 5.45 0.25 5.78 5.38 0.30 FURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL JULY 27 JULY 27 JULY 27 4. I t 1.64 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL JULY 27 JULY 27 JULY 27 5.38 5.76 -0.36 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL JULY 27 JULY 27 JULY 27 5.78 6.13 -0.35 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL JULY 27 JULY 27 JULY 27 5.76 5.76 0.02 5.47 5.41 5.50 CHART 7 . SELECTED EURO-DOLLAR AND U . S . 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 - 6 9 DAYS) DIFFERENTIAL ADJ. FOR RESERVE REQUIREMENTS CHART 8 . JULY JULY JULY JULY JULY JULY INTEREST ARBITRAGE, 3-MONTH FUNDS s.r * SERIES NAME CHART 9 . LAST VALUE PLOTTE VALUE DATE LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA PRANCE NETHERLANDS UNITED KINGDOM JULY JULY MAY JULY JULY JULY JULY JULY 22 15 15 15 1 15 22 7.32 6.03 7.43 4.22 8.72 10.91 7.09 12.62 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS I^HART 1 0 . 8.05 6.87 7.72 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY MAY MAY MAY JULY JULY JULY JULY JULY JULY JULY 22 8 8 15 22 22 15 104. 21 2 4 9 . 52 9 2 . 06 8 1 . 11 1 0 2 . 79 7 4 . 24 9 5 . 52 ••flggfe F E D E R A L H.10 R E S E R V E statistical release JULY 2 9 # FOREIGN EXCHANGE RATES FOR THE WEEK ENDING ' 1977 JULY 2 9 , 1977 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 MONETARY UNIT 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 DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC 0 . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESATA RUPEE KRONA FRANC POUND IRA1r e u . s . CENTS JULY 27 JULY 25 JULY 26 112.5000 6.24000 2.86450 94.2300 16.9600 25.0200 20.7925 44.4700 11.3500 171.9800 0.11345 0.37830 40.6300 4.3663 41.4750 97.2000 19.2700 2.6000 114.7900 1.1675 112.4500 6.25000 2.86600 93.8600 16.9500 25.0500 20.8200 44.5100 11.3500 172.0100 0.11345 0.37820 40.7800 4.3600 41.5300 97.2700 19.2100 2.6100 115.1200 1.1772 13.7000 23.3000 41.9600 13.7000 23.3200 41.9450 171.9800 172.0100 112.5300 6.23750 2.84700 93.8000 .16.8700 25.0000 20.7200 44.2900 11.3500 173.7000 0.11345 0.37770 40.7700 4.3600 41.3550 97.5500 19.1300 2.6000 115.1500 1.1774 13.7000 23.2000 41.8900 173.7000 JULY 28 JULY 29 112.4200 6.21500 2.84550 93.7900 16.7900 24.9700 20.6400 43.9600 11.3500 173.7200 0.11347 0.37600 40.7800 4.3600 41.1000 112.1800 6.15000 2.82700 93.5550 16.6300 24.8000 20.4200 43,6600 11.4500 173.6500 0.11340 0.37480 40.7000 4.3688 40.8300 97.4000 18.9000 2.5900 114.8500 1.1765 13.7000 97.5500 19.0700 2.6000 114.7500 1.1761 13.7000 23.0400 41.6600 173.7200 22.8400 41.5000 173.6500
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