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Selected Interest & Exchange Rates Wfeekly Series of Charts AUGUST 23,1976 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 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 120 CANADIAN DOLLAR FOREIGN CURRENCY PRICE OF U.S. DOLLAR V A ,v w X ' ^ - X - V - ' I I I I I / l \.>—' I k lllllllllll 100 - ~ 80 JAPANESE YEN A\ FRENCH FRANC 140 / \ " X . J \ ^ I I I I I I ' I I I X " 100 .llllllllll lllllllllll - ~iu A 7 / J u n SWISS FRANC / , /' V r \l / l I I I I I I I 140 - 120 MII.II.IM 100 160 140 120 Vz i yJ I BELGIAN FRANC i 180 160 F DUTCH GUILDER i TTl h ~ r\/ 200 - GERMAN MARK r 120 - ' i i i 100 120 U.K. POUND ITALIAN LIRA 100 80 60 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY CANADIAN DOLLAR 0 6 6 U.K. POUND SWISS FRANC 0 6 12 12 12 GERMAN MARK DUTCH GUILDER 6 0 6 6 FRENCH FRANC _ JAPANESE YEN 2 per cent on scale equals — 1 per cent on all others 0 6 12 1974 1976 1974 1976 Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY 210 12.5 Kg BARS - Afternoon fixing price 180 150 120 90 60 30 1974 1976 Chart 4 CALL MONEY RATES WEEKLY SERIES OVERNIGHT EURO-DOLLARS 10 5 JAPAN U. S. FEDERAL FUNDS 0 20 20 U.K. 2 - D A Y LOCAL AUTHORITY FRANCE 15 10 15 NETHERLANDS CANADA 5 0 20 EURO-SWISS FRANC 15 GERMANY 10 5 0 EURO-DM 5 1974 1976 1974 1976 — Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES 12 UNITED STATES CD's CANADIAN FINANCE CO. PAPER 8 4 16 U.K. INTERBANK STERLING GERMAN INTERBANK 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 OVERNIGHT 3-MONTH 12 8 4 16 16 6-MONTH 7-DAY 12 8 4 16 16 1-MONTH 1-YEAR 12 8 4 Mill 1974 1976 1974 1976 Chart 7^ SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY 3-MONTH Euro-dollar deposits FEDERAL FUNDS 10 OVERNIGHT Euro-dollar deposits 90 DAY CD's 5 -I I 0 DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1974 Favors Borrowing in U.S. if Positive 1976 1974 1976 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS PER CENT PER At ENT PER ANNUM 20 20 15 INTERBANK DM Covered Frankfurt INTERBANK STERLING Covered London 15 EURO-DOLLAR DEPOSITS 10 10 5 EURO-DOLLAR DEPOSITS 5 le, w ,-vi y A 0 i 5 s i 10 10 0 DIFFERENTIAL DIFFERENTIAL 15 "™ CANADIAN FINANCE CO. PAPER, COVERED 15 EURO-DOLLAR DEPOSITS SWISS DEPOSITS (SF) COVERED 10 10 S S U.S. COMMERCIAL PAPER 0 0 DIFFERENTIAL DIFFERENTIAL ZV\ r 5 5 1974 1976 1974 1976 j II Chart 9 LONG -TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM 9 CANADA UNITED STATES 7 Illllllllll 5 12 JAPAN \ Industrial .10 8 SWITZERLAND GERMANY 6 18 14 12 UNITED KINGDOM FRANCE 10 8 NETHERLANDS 6 4 12 12 „ U.S. CORPORATE Monthly 10 U S. CORPORATE Monthly Aaa bonds /\ 8 Euro-dollar bonds Euro-Dm bonds 6 1974 1976 1974 1976 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE UNITED STATES RATIO SCALE 1969=100 UNITED KINGDOM JAPAN SWITZERLAND CANADA FRANCE General Index GERMANY 13 SERIES NAME CHART 1 . SPOT EXCHANGE RATES U . S . DOLLAR, WEIGHTED AVERAGE JAPANESE YEN GERMAN MAKK DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA CHART 2 . LAST VALUE PLOTTED DATE VALUE AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 18 18 18 16 18 18 18 90.44 124.12 144.99 136.41 74.31 109.50 111.11 lb 176.13 18 18 128.26 74.65 18 -3.90 —7.57 1.36 -5.50 4.67 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN AUG. AUG. AUG. AUG. AUG. AUG. AUG. 18 18 18 18 18 -8.21 18 -0.31 AUG. 18 112.00 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 EUROHDM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5 . AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. JULY AUG. 18 18 13 13 13 6 13 13 30 6 5.29 5.33 10.50 9.25 4.00 4.10 7.25 9.81 5.25 0.54 AUG. AUG. JUNE AUG. AUG. AUG. AUG. 18 18 5.09 4.48 8.24 5.68 9.70 11.04 4.50 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 18 18 18 18 SERIES NAME CHART 6 . LAST VALUE PLOTTED# DATE VALUE EURO-DOLLAR DEPOSIT RATES: LONDON AUG. AUG. AUG. AUG. AUG. AUG. 18 18 18 18 18 18 5.33 5.29 5.38 5.68 6.14 6.69 18 18 18 18 18 18 5.33 5.29 0.26 5.68 5.09 0.28 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVEKED DIFFERENTIAL AUG. 18 AUG. 18 AUG. 18 5.68 3.47 2.21 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL AUG. 18 AUG. 18 AUG. 18 5.38 5.80 -0.42 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL AUG. 18 AUG. 18 AUG. 18 5.68 5.84 -0.17 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL AUG. 18 AUG. 18 AUG. 18 5.68 9.17 -3.50 OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR r. SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL A D J . FOR RESERVE KEQU1KEMENTS 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . CD'S C 60-89 DAYS) DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS AUG. AUG. AUG. AUG. AUG. AUG. fc. INTEREST ARBITRAGE, 3-MONTH FUNDS SERIES NAME CHART 9 . LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. AUG. AUG. JUNE AUG. AUG. AUG. JULY JULY 13 6 6 13 6 30 30 7.82 8.17 8.77 5.06 9.38 10.27 8.94 13.84 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . LAST VALUE PLOTTED DATE VALUE JUNE JUNE JUNE 8.62 7.48 6.11 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY AUG. JULY AUG. JULY JULY AUG. JULY 13 30 6 30 30 13 30 108 . 7 7 230 •64 102 . 8 9 99 . 6 4 88 . 5 2 71 .54 95 .05 FEDERAL RESERVE s t a t i s t i c a l AUGUST 2.3» 1976 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING AUGUST 2 0 t r e l e a s e 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 AUG. 16 AUG. 17 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 124.0300 5.55000 2.55930 101.3200 16.3900 25.6900 19.9800 39.5600 11.1500 178.1400 0.11930 e 0.34440 40.2100 8.0000 37.3700 99.4600 18.1100 3.1900 114.8500 1.4640 11.5000 22.6300 40.2100 178.1400 124.1*00 5.58000 2.58300 101.1300 16.5800 25.7700 20.0400 39.8800 11.1500 178.6400 0.11940 0.34740 40.1800 8.0000 37.4500 99.6200 18.2700 3.1800 114.8500 1.4670 11.5000 22.8300 40.4700 178.6400 (RATE U . S . CENTS 1 AUG. 18 124.6100 5.60000 2.58400 101.3500 16.5500 25.8000 20.0700 39.8300 11.1500 178.3000 0.11950 0.34690 40.3100 e.oopo 37.4100 99.9500 18.2600 3.2100 114.8500 1.4695 11.5000 22.8000 40.4800 178.3000 AUG. 19 AUG. 20 124.5400 5.59000 2.57400 101.4200 lb.5200 25.7900 20.0600 39.7500 11.1500 178.1500 0.11940 0.34630 40.0700 8.0000 37.3100 99 . 7 9 0 0 18.2200 3.2100 114.8500 1.4682 11.5000 22.7800 40.4100 178.1500 124.4100 5.58000 2.56600 101.2700 16.4900 25.7700 20.0500 39.7000 11.1500 178.0800 0.11920 0.34560 39.9800 8.0000 37.2600 99.7500 18.1900 3.2100 114.8500 1.4645 11.5000 22.6900 40.3900 178.0800
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