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/% /X" Selected Interest & Exchange Rates Weekly Series of Charts AUGUST 9,1976 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 v Table of Contents TABLES SUBSCRIPTION RATES: 1. LATEST FIGURES PLOTTED 2. DAILY CERTIFIED SPOT EXCHANGE RATES-H.10 RELEASE 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. 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 CANADIAN DOLLAR 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 90 80 h V - ' I I I J _ _ L JAPANESE YEN N FRENCH FRANC /A - I - 160 I I iw v-' I I I l l l i i h i l i i I i l i n l l l l i i " - , GERMAN MARK SWISS FRANC - 140 -rsJ , J 100 160 ' i / V l y N l lllilllllll 1 1 1 _ J J ~ / v y " I r\l I Z\ Z V , i i i n i i i h i DUTCH GUILDER I 100 w y s " BELGIAN FRANC v \ I I I ^ \/~y I N I I -| 120 U.K. POUND _ I \ V - V / II - Il \ I V k I - ITALIAN LIRA V-" ll M ~ \ w V /"- - w I I I I I I 1974 I 1976 I I I I 1974 I 1976 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY INT PER ANNUM 6 CANADIAN DOLLAR 0 6 CENT PER ANNUM 12 6 U.K. POUND SWISS FRANC 0 6 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 r - y v : ; i i i I i I 1974 - I 1976 b 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 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 15 NETHERLANDS CANADA 5 0 20 20 EURO-SWISS FRANC EURO-DM 1974 1976 1974 1976 1 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 lllllllllll 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 i-MONTH 7-DAY 12 8 4 16 16 1-YEAR 1-MONTH 12 8 1974 1976 1974 1976 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT 15 r™ 3-MONTH Euro-dollar deposits FEDERAL FUNDS 10 OVERNIGHT Euro-dollar deposits 90 DAY CD's 5 0 V V* — DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1974 Favors Borrowing in U.S. if Positive V k V 1976 1974 1976 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS PER CENT PER M ENT PER ANNUM 20 20 15 INTERBANK DM Covered Frankfurt INTERBANK STERLING Covered London 15 EURO-DOLLAR DEPOSITS 10 10 EURO-DOLLAR DEPOSITS 5 0 5 0 DIFFERENTIAL DIFFERENTIAL 5 5 10 10 I 15 I I LLLLL EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER. COVERED 15 SWISS DEPOSITS (SF) COVERED 10 10 5 5 U.S. COMMERCIAL PAPER 0 0 DIFFERENTIAL 5 _1_L ' 1_L l l I In 5 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES CANADA 9 UNITED STATES 7 5 12 JAPAN \ Industrial .10 8 SWITZERLAND GERMANY 6 18 14 UNITED KINGDOM 12 FRANCE 10 8 NETHERLANDS 6 12 12 . 10 U.S. CORPORATE Monthly . Aaa bonds U.S. CORPORATE Monthly / \ Euro-dollar bonds 8 Euro-Dm bonds 6 1974 1976 1974 1976 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES 180 UNITED STATES 100 f - r - - 60 - I 45 I I I I 111 M 111111 I 400 300 UNITED KINGDOM JAPAN 200 l - I I I I I 11111111'l 11 l l l l l l l l l l l I 240 180 - 1 - i i i VMIMIMIM - 60 SWITZERLAND - - - I I I I I Mh.h.lM I 1 1 1 1 1 1 lllllllllll -1 180 FRANCE General Index - - ^ 100 60 • 45 1 CANADA 100 1 - - GERMANY - I I I I I l lllllllllll lllllllllll - 1 1 1 1 1 1 SERIES NAME 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 I T A L I A N LIRA CHART 2 . AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 4 4 4 4 4 4 4 4 4 4 90.50 122.82 143.92 133.93 74.50 110.53 112.87 176.25 127.26 74.80 AUG. AUG. AUG. AUG. AUG. AUG. AUG. 4 4 4 4 4 4 4 -3.99 -7.32 1.31 -5.67 4.35 -3.93 -0.75 AUG. 4 112.33 AUG. AUG. JULY JULY JULY JULY JULY JULY JULY JULY 4 4 30 30 30 23 30 30 9 23 5.36 5.35 10.88 9.03 4.50 4.46 7.25 9.13 5.19 3.05 AUG. AUG. JUNE AUG. AUG. AUG. AUG. 4 4 5.30 4.50 8.24 5.70 9.40 11.14 4.50 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN CHART 3 . LAST VALUE PLOTTED DATE VALUE 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 . 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 4 4 4 4 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON 4 4 4 4 4 4 5.35 5.26 5.41 5.70 6.24 6.86 AUG. AUG. AUG. AUG. AUG. AUG. 4 6 4 4 4 4 5.35 5.36 0.21 5.70 5.30 0.30 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL AUG. AUG. AUG. 4 4 4 5.70 3.81 1.89 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL AUG. AUG. AUG. 4 4 4 5.38 5.41 -0.03 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL AUG. AUG. AUG. 4 4 4 5.70 5.81 -0.11 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL AUG. AUG. AUG. 4 4 4 5.70 8.85 -3.15 AUG. AUG. AUG. AUG. AUG. AUG. OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 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 8. INTEREST ARBITRAGE, 3-MONTH FUNDS 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 JULY JULY JUNE JULY JULY JULY JULY JULY 30 23 30 30 23 9 30 7,86 8,14 8.77 5.09 9.37 10.10 8.84 13.84 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . JUNE JUNE JUNE 8.62 7.48 8.11 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY JULY JULY JULY JULY JULY JULY JULY 30 16 23 23 23 23 23 108.25 231.55 104.10 98.61 90.14 72.77 96.17 FEDERAL H.10 RESERVE statistical AUGUST FOREIGN EXCHANGE RATES FOR THE WEEK ENDING AUGUST 6, release 9, 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: 1 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. 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 123.9300 5.54000 2.55250 102.3000 16.3800 25.8000 20.3400 39.4200 11.1500 178.8000 0.11970 0.34140 40.3200 8.0000 37.1200 99.5100 16.1000 3.2000 114.8500 1.4588 11.5000 22.5800 40.3900 178.8000 a AUG. 3 (RATE U . S . CENTS) AUG. 4 124.0200 5.55000 2.54650 102.0900 16.3500 25.7900 20.3100 39.3100 11.1500 178.8000 0.11970 0.34140 40.1700 8.0000 36.9700 99.6300 18.0900 3.2000 114.8500 1.4645 11.5000 22.5200 40.2500 178.8000 123.9600 5.54000 2.55100 101.6900 16.3800 25.7800 20.3100 39.4000 11.1500 179.4300 0.11970 0.34150 40.1300 8.0000 37.1000 99.6800 18.1000 3.2000 114.8500 1.4650 11.5000 22.5800 40.3700 179.4300 AUG. 5 124.0300 5.55000 2.54750 101.4200 16.4000 25.7900 20.1300 39.3600 11.1500 178.8500 0.11970 0.34130 40.1400 8.0000 37.0700 99.8300 18.1000 3.2100 114.8500 1.4650 11.5000 22.5700 40.3400 178.8500 AUG. 6 124.0700 5.53000 2.54650 101.1300 16.3500 25.7700 20.1100 39,3900 11.1500 178.8800 0.11970 0.34130 40.1300 8.0000 37.0700 99.9000 18.0900 3.2000 114.8500 1.4600 11.5000 22.5600 40.2900 176.8800
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