Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : August 27, 1984

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OAT* FILE X

"

LIBRARY

l A .

F E D E R A L RESERVE B A S H

fa

OF- CHICAGO

Selected Interest &
Exchange Rates
Weekly Series of Charts

August 27, 1984
Prepared by the
FINANCIAL MARKETS
SECTION




DIVISION OF
INTERNATIONAL FINANCE
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 INDICES
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
8. INTEREST ARBITRAGE: 3-MONTH FUNDS
9. LONG-TERM GOVERNMENT BOND YIELDS
10. INDUSTRIAL STOCK INDICES



CHART 1

SPOT EXCHANGE INDICES
DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)
AVERAGES FOR WEEK ENDING WEDNESDAY
RATIO SCALE
MARCH 1 9 7 3 = 1 0 0

^ A T I O SCALE
$ MARCH 1 9 7 3 = 1 0 0

160

160
FOREIGN CURRENCY
PRICE OF U.S. DOLLAR

140

JAPANESE YEN

-

140

-

120

-

100

MIMIIIIM

80

^

120

-

-

I

I

I

"i

|

i

I

I I

I, | I I | I I | I I

240
SWISS FRANC

CANADIAN DOLLAR

K;r

200
—

i

i

i

_

^ V:

160

120
180

—

—

-

-

160

GERMAN MARK
\

140

DUTCH GUILDER

120

100
I

I

n 1111 m

I

-

-

-

T k

—

U.K. POUND

\VA
—

80

60

120

—

120
100

111

FRENCH FRANC
V

y

-

—

n

80

60

-

-

100

50

50
"

i

l

I

l

I

I
80

BELGIAN FRANC




I
1984

—

60

-

50

—

40

I I I I I l u l u j Y i T u Y r i 111

30

S—

-

1982

70

ITALIAN LIRA

I

I

I

I
1982

I

^

1984

CHART 2

3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+) OR ( - )
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM

PERCENT PER ANNUM

6

24

-

-

CANADIAN DOLLAR

^
-

V

V

W

'

^

V\

-

V

V

I ill I II I I I I

#VL J

ITALIAN LIRA

—

I

I

I

I

I

I

I

l u l l , l u l u

24

DUTCH GUILDER

IU. K. POUND

-

6
ill

9

In

I I I II I I I II I

12
SWISS FRANC
GERMAN MARK

-

V Vr w
I

I

i

I

i

-

i

FRENCH FRANC




JAPANESE YEN

1982

1984

1982

1984

CHART 3

PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY

U.S. DOLLARS PER FINE OUNCE

U.S. DOLLARS PER FINE OUNCE

600

600

550

-

550

-

500

12.5 Kg BARS
AFTERNOON FIXING PRICE

500

-

450

-

450

400

350

— 400

-

300

I I I I I I I

250
1981




1982

1983

-

350

-

300

250
1984

CHART 4

CALL MONEY RATES
WEEKLY SERIES

PERCENT PER ANNUM

PERCENT PER ANNUM

28

24

24

-

-

20

—

V
20

V

YA

-

U. S. FEDERAL FUNDS

16

12

8

4

A

FRANCE

-

i r v u /

-

-

V

j

-

-\

-

16

-

12

-

8

JAPAN

4

-

-

|

|

|

] | | j | | | | | | |

I I| I , | I I | ! I

I

I

I

l l l l l l l l l l l

IIIMIMIM

CANADA
EURO-SWISS
FRANC

NETHERLANDS

I
U. K. 2 - D A Y LOCAL AUTHORITY




GERMANY

EURO-DM

1982

1984

1982

1984

0

CHART 5

3-MONTH INTEREST RATES
WEEKLY SERIES

NT PER ANNUM

PERCENT PER AH

22

24

18

20
U.S.

CD S

CANADIAN FINANCE CO
PAPER

16

14

10

12
WEIGHTED AVERAGE
FOREIGN RATE

6

8

20

16

U.K. INTERBANK STERLING

16

12

GERMAN INTERBANK RATE

12

8

8

4

12

11

SWISS INTERBANK RATE

9

IV

-

8

—

4

JAPANESE BANK
LOANS AND DISCOUNTS

I

7

jf

-

0

5




1982

1984

1982

1984

CHART 6

EURO-DOLLAR DEPOSIT RATES

LONDON

AVERAGES FOR WEEK ENDING WEDNESDAY

PERCENT PER ANNUM

PERCENT PER ANNUM

24

24

3-MONTH

OVERNIGHT

16

16

12

12

-

6-MONTH

7-DAY

16

16

12

12

8

-

IIIIIIMIII

-

-

20
1-YEAR

1-MONTH

16

12

-

12

-




16

—

I I II
1982

II I I

1984

I

I

I

I

I
1982

I
1984

CHART 7

SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES
DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S.
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM

PERCENT PER ANNUM

26

26

22

22

FEDERAL FUNDS

18

3-MONTH

-

18

E U R O - D O L L A R DEPOSITS

14

14

V i

V

OVERNIGHT
10

-

9 0 - D A Y CD' S

E U R O - D O L L A R DEPOSITS

i i I i i I i i I i i

-

i i 11 i I i i I i i

I I I I I

DIFFERENTIAL

DIFFERENTIAL

-

I I I I I I I I I I I I II I I I I I I I I I
1982
1 PERCENT ON D I F F E R E N T I A L S C A L E = 2 PERCENT ON RATE S C A L E




1984

I

I
1982

l

11111111111

11111111111
1984

10

CHART

INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM

PERCENT PER ANNUM

28

28

EURO-DOLLAR DEPOSITS

20

20

DASHED LINE

CANADIAN FINANCE
CO. PAPER, COVERED

-

12

12

INTERBANK STERLING
COVERED LONDON

U. S. COMMERCIAL PAPER

llll

DIFFERENTIAL

-

DIFFERENTIAL

n K

v

W v f

y V

—

~ ^ v /

-

0 / 4 v v V ^

4

28

28

SWISS INTERBANK (SF) COVERED

20

INTERBANK DM

20

COVERED FRANKFURT

12

12
EURO-DOLLAR DEPOSITS

EURO-DOLLAR DEPOSITS

DASHED LINE

—DASHED LINE

4

2

DIFFERENTIAL

DIFFERENTIAL
-

/x/

/AY//~x/xVV/VYA V^VvN

iiIiiIiiIii
1982

1984

1 P E R C E N T ON D I F F E R E N T I A L S C A L E = 2 P E R C E N T ON RATE S C A L E




1982

1984

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES

PERCENT PER ANNL

• PER ANNUM

1

19

CANADA
UNITED STATES
15

11

7

7

9

15

UNITED KINGDOM

!SWITZERLAND

—

5

11
—

I

7
13

1

I I

1 1

1
13

MONTHLY

—

JAPAN

A/ \

1GERMANY

-

9

9

I

5

22

1

l l

1 1

Mini.,In

5

22
U. S.

CORPORATE

MONTHLY

FRANCE

18

18

Aaa BONDS

14

14

EURO-DOLLAR BONDS

10




"\

V

10

NETHERLANDS
MONTHLY

6

Mill
1982

1984

1982

1984

CHART 10

INDUSTRIAL STOCK INDICES
WEEKLY SERIES
RATIO SCALE
1969=100

RATIO SCALE
1969=100

UNITED STATES

JAPAN

210

1

170
UNITED KINGDOM
130

90

70

V

FRANCE

YV/V

K

-

v V V a Z

-

-

-

I

I

I

I

I

I

Illllllllll

GERMANY

SWITZERLAND

NETHERLANDS

CANADA




1982

1984

1982

1984

L A S T VALUE P L O T T E D
DATE
VALUE

SEBIES NAME

CHART

1. SPOT E X C H A N G E B A T E S AMD I N D I C E S

WEEKLY A V E R A G E S , NOON BUYING B A T E S

(U.S. CENTS)
AUG. 22
AUG. 22
AUG. 2 2
AUG. 22
A U G . 22
AUG. 22
AUG. 22
AUG. 22
AUG. 22
AUG. 2 2

G E R M A N BARK
J A P A N E S E YEN
DUTCH G U I L D E R
U.K. P O U N D
C A N A D I A N DOLLAR
FRENCH FRANC
S8ISS F R A N C
BELGIAN F R A N C
I T A L I A N LIRA
S B E D I S H KROHA
INDICES, HABCH

1973 B A S E BATES =

100
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.

G E R M A N HARK
J A P A N E S E YEN
DUTCH G U I L D E R
U.K. P O U N D
C A N A D I A N DOLLAR
FRENCH FRANC
SMISS F R A N C
BELGIAN FRANC
I T A L I A N LIRA
WEIGHTED A V E R A G E E X C H A N G E V A L U E I N D I C E S , MAR
(G-10 C O U N T R I E S P L U S S W I T Z E R L A N D )

1973 »

U.S. DOLLAR
G E R M A N MARK
J A P A N E S E YEN
DUTCH G U I L D E R
U.K. P O U N D
CANADIAN DOLLAR
FRENCH F R A N C
SWISS F R A N C
BELGIAN FRANC
ITALIAN LIRA
S W E D I S H KROHA
CHART 2. 3 — M O N T H F O R W A R D E X C H A N G E R A T E S , PREMIUM OR
CANADIAN DOLLAR
U.K. P O U N D
G E R M A N MARK
FRENCH FRANC
SWISS F R A N C
DUTCH G U I L D E R
J A P A N E S E YEN
ITALIAN LIRA




34. 83 .
'J.4 1 4 4 6
30. 90
131. 83
76. 77
11.,35
41.,79
1.72362
0.,05632
12.01

22
22
22
22
22
22
22
22
22

97.99
108.52
88.69
53.32
76.52
51. 14
134.45
67.92
31.99

22
22
22
22
22
22
22
22
22
22
22

139.62
133.63
147.06
116.48
66.75
99. 46
63.46
177.67
87.74
38.91
68.29

22
22
22
22
22
22
22
22

-0.33
1.39
6.41
0.30
7.18
5.67
5.73
-2.56

100
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.

DISCOUNT
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.

LAST V A L U E PLOTTED
DATE
VALUE

S E R I E S NAME
C H A R T 3. S O L D P R I C E IN L O N D O N , A F T B B S O O N

FIXING

U.S. D O L L A R S PER FINE O U N C E

CHART 4. C A L L

AUG. 22

348.91

MONEY B A T E S
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
JAN.
AUG.

22
22
24
10
24
24
24
24
1
24

11.77
11.66
11.25
12.86
5.40
4.97
6.06
12.50
10.30
1.63

AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.

22
22
22
22
22
22
22

11.51
5.93
6.25
12.28
10.54
4.77
8.81

AUG.
AUG.
AUG.
AUG.
AUG.
AUG.

22
22
22
22
22
22

11.66
11.66
11.66
11.81
12.06
12.43

OVERNIGHT EURO-DOLLAR DEPOSITS
U.S. F E D E R A L F U N D S
D I F F E R E N T I A L ADJ. FOR R E S E R V E R E Q U I R E M E N T S

AUG. 22
AUG. 22
AUG. 22

1 1.66
11.77
-0.11

3 - M O N T H E U R O - D O L L A R DEPOSIT R A T E
U.S. 9 0 - D A Y C D ' S , S E C O N D A R Y M A R K E T
DIFFERENTIAL

AUG. 22
AUG. 22
AUG. 22

11.81
11.51
0.30

0.S. F E D E R A L F U N D S
OVERNIGHT EURO-DOLLAR
D. K.
CANADA
GERHANY
EURO-DM
JAPAN
FRANCE
NETHERLANDS
EURO-SWISS FRANC

DEPOSITS

CHART 5. 3 - M O N T H I N T E R E S T R A T E S
U.S. 9 0 - D A Y C D ' S , S E C O N D A R Y M A R K E T
G E R M A N I N T E R B A N K LOAN
J A P A N E S E BANK L O A N S 6 D I S C O U N T S
C A N A D I A N F I N A N C E PAPER
INTERBANK STERLING
S W I S S I N T E R B A N K LOAN
W E I G H T E D A V E R A G E FOREIGN I N T E R E S T R A T E
(G-10 C O U N T R I E S PLUS S W I T Z E R L A N D )

C H A R T 6. E U R O - D O L L A R D E P O S I T R A T E S : LONDON
OVERNIGHT
7-DAY
1-MONTH
3-MONTH
6-MONTH
1-YEAR
CHART 7 . S E L E C T E D E U R O - D O L L A R




AND U.S. MONEY M A R K E T R
RA
AT
TE
ES
S

S E R I E S NAME

LAST VALUE PLOTTED
DATE
VALOE

CHART 8. I N T E R E S T A R B I T R A G E , 3-MONTH FUNDS
E U R O - D O L L A R DEPOSIT
I N T E R B A N K STERLING (LONDON) , C O V E R E D
DIFFERENTIAL

AUG. 22
AUG. 22
AUG. 22

11. 81
11. 97
- 0 . 16

U.S. C O M M E R C I A L PAPER
C A N A D I A N F I N A N C E PAPER, C O V E R E D
DIFFERENTIAL

AUG. 22
AUG. 22
AUG. 22

11. 21
11. 94
- 0 . 73

EURO-DOLLAR DEPOSIT
I N T E R B A N K DM (FRANKFURT), C O V E R E D
DIFFERENTIAL

AUG. 22
AUG. 22
AUG. 22

11. 81
12.,43
-0.,62

EURO-DOLLAR DEPOSIT
SWISS I N T E R B A N K , COVERED
DIFFERENTIAL

AUG. 22
AUG. 22
AUG. 22

11..81
12,• 04
-0..23

17
17

12.71
7.88
6.64
4.73
12.82
13.73
8.52
10. 19

CHART 9. LONG TERM G O V E R M E N T BOND YIELDS
UNITED STATES
GERMANY
J A P A N (MONTHLY)
SWITZERLAND
CANADA
FRANCE
N E T H E R L A N D S (MONTHLY)
UNITED KINGDOM

AUG.
AUG.
MARCH
AUG.
AUG.
MAY
MAY
AUG.

17
10
4
17

U.S. C O R P O R A T E
AAA B O N D S
EURO-DOLLAR
CHART

10.

BONDS

STOCK INDICES

UNITED STATES
UNITED KINGDOM
CANADA
GERMANY
SWITZERLAND
NETHERLANDS
FRANCE
JAPAN




13.44
10.29

JULY
NOV.

AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.
AUG.

15
15
15
15
15
15
15
15

170. 98
185. 03
230. 37
146. 14
126. 77
154. 94
163. 72
213. 68

FEDERAL RESERVE statistical release
AUGUST 24, 1984

H.K) (512)

FOREIGN EXCHANGE RATES
FOB THE WEEK B1DI16

AUGUST 24, 1984

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 rates In New York City for cable transfers payable In foreign currencies:

CO01TBI

•AUSTRALIA
ADSTBIA
BELGIUB
BRAZIL
CANADA
CHINA,P.B.
DENHARK
FINLAND
FRANCE
GBRBANY
GREECE
BONG KONG
INDIA
•IRELAND
ISBAEL
ITALY
JAPAN
MALAYSIA

II EX ICO
NETHERLANDS
•NEW Z E A L A N D

NORWAY
PHILIPPINES
PORTUGAL
SINGAPORE
•SOUTH AFRICA
SOUTH KOREA
SPAIN
SRI L A N K A
SWEDEN

BONBTABY
OUT
DOLLAR
SCHILLING
FBANC
CBUZEIBO
DOLLAR
YUAN
KRONE
BABKKA
FRANC
D. BARK
DHACHBA
DOLLAR
RUPEE
POOBD
SHEKEL
LIRA
YEN
BINGGIT
PESO
GUILDEB
DOLLAR
KRONE
PESO
ESCUDO
DOLLAR
BAND
WON
PESETA
RUPEE

SWITZERLAND
TAIWAN
THAILAND
•UNITED KINGDOB
VENEZUELA

KfiONA
FRANC
DOLLAR
BAHT
POUND
BOLIYAB

HERO:
•UNITED STATES

DOLLAR

AUG. 20

EC8BRENCY OBITS PER DOLLAR)
AUG. 22
AUG. 21

AUG. 23

AUG. 24

85*57
20,130
58.100
1993.00
1.3018
2.3625
10.4775
6* 0430
8.8125
2.8700
115.250
7.8*15
11.5500
107.50
NA
1780.00
241.05
2.3305
197.0000
3.2375
50.100
8.2725
NA
150.500
2.1425
64.80
809.80
163.850
25.280
8.3350
2.3960
39.080
23.020
131.90
BA

85.28
20.262
58.300
2027.00
1.3022
2.3837
10.5130
6.0610
8.8590
2.8853
115.450
7.8435
11.5700
107.02
BA
1785.00
242.15
2.3315
197.5000
3.2555
50.020
8.2930
BA
150.900
2.1450
64.40
810.70
164.630
25.280
8.3560
2.4090
39.080
23.020
131.35
BA

85.45
20.225
58.120
2027.00
1.3004
2.4088
10.4900
6.0480
8.8400
2.6800
115.550
7.8450
11.5800
107.18
BA
1780.00
241.30
2.3320
196.0000
3.2475
49.950
8.2855
NA
151.500
2.1453
64.40
811.70
165.000
25.310
8.3180
2.4005
39.080
23.020
130.95
BA

85.70
20.140
57.800
2027.00
1.2991
2.4028
10.4390
6.0285
8.7950
2.8650
115.150
7.8400
11.5500
107.70
BA
1773.75
240.60
2.3285
196.5000
3.2310
50.080
8.2560
BA
151.250
2.1435
64.38
811.00
164.380
25.300
8.2880
2.3840
39.080
23.020
131.25
BA

85.55
20.188
58.040
2062.00
1.2976
2.4028
10.4700
6.0460
8.8230
2.8740
115.000
7.8410
11.5500
107.30
NA
1779.00
241.20
2.3280
196.7500
3.2390
50.060
8.2700
NA
151.250
2. 1445
64.25
810.40
164.400
25.300
8.3125
2.3930
39.080
23.020
130.50
BA

139.63

140.22

139.96

139.40

139.81

tINDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF 0.S. DOLLAB AGAINST CURGENCIES OF OTHER G-11
COUNTRIES. MARCH 1973 = 100. HEIGHTS ARE 1972-76 GLOBAL TRADE OF EACH OF THE 10 COUNTRIES.
SERIES REVISED AS OF AUGUST 1 9 7 8 . FOE DESCRIPTION AND BACK DATA, SEE "INDEX OF THE
8EIGHTED-AV2BSGE EXCHANGE VALUE OF THE 0.5. DOLLAR: REVISION" ON PAGE 700 OF THE AUGUST
1978 FEDERAL RESERVE BULLETIN.
•VALUE IS U.S. CENTS