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' \pz-— f/S Selected Interest & Exchange Rates Weekly Series of Charts AUGUST 2,1976 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 I 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 I Chart 1 SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY CANADIAN DOLLAR 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR V /V^x 90 80 - V - / I I llllllllll! I N FRENCH FRANC - I I I I I I I I ' I I .llllllllll 200 - - 180 160 . GERMAN MARK " / I / I (L 140 SWISS FRANC I -J 100 160 " i l l I __ I I DUTCH G U I L D E R / X / - ^ | -1 100 I BELGIAN FRANC A J n\S " - ^ r\J I X I 1 1 1 1 120 TALIAN LIRA U.K. POUND 1 1 1 X V V 1 1 1 1 1 1 1111,11,111 3-MONTH FORWARD EXCHANGE RATES PREMIUMS M , OR DISCOUNT ( - ) A V E R A G E S FOR WEEK ENDING WEDNESDAY 6 C A N A D I A N DOLLAR 6 6 U.K. POUND SWISS FRANC 6 12 12 12 GERMAN MARK DUTCH GUILDER 0 6 6 FRENCH FRANC JAPANESE YEN 2 per cent on scale equals 1 per cent on all others 12 1974 1976 1974 1976 Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY 12.5 Kg BARS Afternoon fixing price 150 60 30 1974 1976 Chart 4 CALL MONEY RATES W E E K L Y SERIES OVERNIGHT EURO-DOLLARS JAPAN 10 5 U. S. F E D E R A L FUNDS 0 20 20 U.K. 2 - D A Y LOCAL A U T H O R I T Y FRANCE 15 10 5. 0 15 15 NETHERLANDS 10 CANADA 5 0 20 20 EURO-SWISS FRANC 15 GERMANY 10 5 0 EURO-DM 5 lllllllllll 1974 1976 1974 1976 1 Chart 5 3-MONTH INTEREST RATES W E E K L Y SERIES 12 U N I T E D STATES CD's C A N A D I A N F I N A N C E CO. PAPER 8 4 16 U.K. I N T E R B A N K STERLING G E R M A N I N T E R B A N K 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 16 3-MONTH OVERNIGHT 12 8 16 16 7-DAY 6-MONTH 1-MONTH 1-YEAR 12 8 16 16 12 8 1974 1976 1974 1976 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES A V E R A G E S FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 15 15 3-MONTH Euro dollar deposits F E D E R A L FUNDS OVERNIGHT Euro dollar deposits 9 0 D A Y CD's A 21 I W X / V v ' V v , DIFFERENTIAL DIFFERENTIAL Adjusted for reserve requirements Adjusted for reserve requirements I ' I ' I " 1974 Favors Borrowing in U.S. if Positive I " I I I I I I I I I I I Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS A V E R A G E S FOR WEEK ENDING WEDNESDAY D I F F E R E N T I A L : P L U S W , INDICATES F A V O R D O L L A R ASSETS 20 20 I N T E R B A N K STERLING Covered London 15 I N T E R B A N K DM Covered Frankfurt EURO-DOLLAR DEPOSITS 10 EURO-DOLLAR DEPOSITS 5 0 DIFFERENTIAL DIFFERENTIAL 5 10 15 " C A N A D I A N FINANCE CO. PAPER, COVERED E U R O - D O L L A R DEPOSITS SWISS DEPOSITS (SF) COVERED 10 5 U.S. C O M M E R C I A L PAPER 0 DIFFERENTIAL DIFFERENTIAL 5 1974 1976 \\ Chart 9 LONG-TERM GOVERNMENT BOND YIELDS W E E K L Y SERIES PER PER CENT PER / ENT PER ANNUM CANADA 9 - - 10 U N I T E D STATES 8 7 - 5 I I I I I I I I I I I I 6 I 9 12 JAPAN \ Industrial \ .10 8 SWITZERLAND 7 5 GERMANY llllllllll 6 3 18 14 UNITED KINGDOM f 12 - FRANCE 10 yvn ^ : - 16 14 12 8 NETHERLANDS 10 6 - 4 I I I I I 8 I 12 12 U.S. CORPORATE Monthly 10 „ U S. CORPORATE Monthly \ Euro-dollar bonds Aaa bonds 8 6 Euro-Dm bonds 111 LI 10 8 6 Chart 10 INDUSTRIAL STOCK INDEXES W E E K L Y SERIES UNITED STATES 60 45 100 UNITED KINGDOM JAPAN 60 100 140 240 180 100 SWITZERLAND CANADA 60 35 180 180 FRANCE General Index 100 GERMANY 100 60 60 45 45 1974 1976 1974 1976 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 1 . SPOT EXCHANGE RATES U . S . DOLLARt 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 . 28 28 28 28 28 28 28 28 28 28 90.89 122.57 142.13 132.57 74.30 110.94 112.94 174.82 185.80 74.76 JULY JULY JULY JULY JULY JULY JULY 28 28 28 28 28 28 28 -3.75 -7.21 1.29 -6.14 4.40 -2.99 —0.59 JULY 28 112.78 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN CHART 3 . JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY 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 . JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY 28 28 23 16 23 16 23 23 9 16 JULY JULY JUNE JULY JULY JULY JULY 26 28 5.28 5.34 10.88 9.00 4.50 4.40 7.25 8.75 5.19 1.05 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 28 28 28 28 5.30 4.48 8.24 5.76 9.42 11.23 4.50 SERIES NAME CHART 6 . LAST VALUE PLOTTED DATE VALUE EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1—MONTfc! 3—MONTH 6-MONTH 1-YEAR 28 28 28 28 28 28 5,34 5.26 5.39 5.76 6.31 6.93 28 28 28 28 28 28 5.34 5.28 0.28 5.76 5.30 0.36 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL JULY 28 JULY 28 JULY 28 5.76 4.02 1.75 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL JULY 2 8 JULY 2 8 JULY 28 5.40 5.68 -0.28 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL JULY 2 8 JULY 28 JULY 28 -0.01 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL JULY 2 8 JULY 2 8 JULY 2 8 5.76 8.90 -3.14 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 . JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY JULY INTEREST ARBITRAGE, 3-MONTH FUNDS 5.7 6 5.77 SERIES NAME CHART 9 . LAST VALUE PLOTTED DATE VALUE LONG TERM GOVERNMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM JULY JULY JUNE JULY JULY JULY JULY JULY 23 16 16 16 2 9 9 7.86 8.16 8.77 5.12 9.35 10.04 8.84 13.74 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . JUNE MAY MAY 8.62 7.52 8.27 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY JULY JULY JULY JULY JULY JULY JULY 23 16 16 2 9 23 16 108.90 231.55 105.22 102.82 92.12 72.77 95.71 m FEDERAL H.10 RESERVE statistical AUGUST FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JULY 3 0 , release 2» 1976 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 JULY 2 6 JULY 2 7 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 123.5200 5.46000 2.51580 102.6100 16.1600 25.7100 20.2300 38 . 8 2 0 0 11.2300 177.8600 0.11960 0.34070 39.9800 8.0000 36.5800 98.8500 17.8600 3.1800 114.7500 1.4665 11.5000 22.2900 39.8700 177.8600 123.7900 5.46000 2.51530 102.5900 16.1800 25.7200 20.4000 38.8200 11.2300 178.1500 0. 11970 0.34030 40.0500 8.0000 36.6200 98.8300 17.8400 3.1800 114.7500 1.4665 11.5000 22.3100 39.9200 178.1500 IRATE U . S . CENTS) JULY 28 123.6600 5.46000 2.52100 102.6300 16.2100 25.7200 20.4200 38.9400 11.2300 179.1500 0.11960 0.34070 40.1300 8.0000 36.7900 98.9600 17.9000 3.1700 114.7500 1.4640 11.5000 22.3500 40.4500 179.1500 JULY 2 9 JULY 123.8500 5.47000 2.53250 102.6000 16.2800 25.7400 20.3300 39.1500 11.2300 178.5000 0.11960 0.34060 40.2200 8.0000 36.8500 100.0000 17.9900 3.1800 114.7500 1.4645 11.5000 22.4200 40.2300 178.5000 124.0500 5.53000 2.54380 102.5400 16 . 3 1 0 0 25 . 7 7 0 0 20.3200 39.3300 11.1500 178.5000 0.11970 0.34100 40.2200 8.0000 36.9400 99.7000 18.0600 3.1900 114.8500 1.4495 11.5000 22.4900 40.2900 178.5000 30
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