The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
December 19, 1973
H-13
Release No. 641
Division of International Finance, Statistical & Data Management Unit
SELECTED INTEREST & z
EXCHANGE RATES
FOR MAJOR COUNTRIES &
THE US.
WEEKLY SERIES OF CHARTS
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM -
H.13
December 19, 1973
Release No. 641
TABLE OF CONTENTS
PART I. EXCHANGE RATES AND GOLD PRICES
Chart 1A and B - Spot Exchange Rates, Major Currencies against U.S. Dollar
Chart 2A and B - 3-Month Forward Exchange Rates, Major Currencies against
U.S. Dollar
Chart 3A and B - 3-Month Forward Exchange Rates, Major Currencies against
U.K. Pound
Chart 4
- Gold Price in London
PART II. SHORT-TERM INTEREST RATES
Chart 5
Chart 6A and B Chart 7A and B Chart 8A and B Chart 9A and B Chart 10A and B Chart 11
Chart 12A and B -
Call Money Rates
London: Euro-$ Deposit Rates
New York - London: Yields on U.S. Dollar Funds
London: Covered Yields on U.S. Dollar Funds
Interest Arbitrage: United States-United Kingdom
Interest Arbitrage: U.S.-Germany and U.S.-Switzerland
Interest Arbitrage: United States-Canada
Selected Short-term Interest Rates
PART III. LONG-TERM INTEREST RATES AND STOCK INDICES
Chart 13
Chart 14
- Long-Term Bond Yields
- Industrial Stock Indices
PART IV. SELECTED CENTRAL BANK DISCOUNT RATES AND
LATEST FIGURES PLOTTED ON THE CHARTS
NOTE: This series is a continuation of the CAPITAL MARKETS DEVELOPMENTS ABROAD,
which was published under that title through December 31, 1968.
The changes in the format and order of the charts are explained in the Supplement
to the series, which accompanied issue dated January 1, 1969.
All series and their sources are fully described in a Supplement dated January 1, 1972.
{Chart 1A.
SPOT EXCHANGE RATES - MAJOR CURRENCIES AGAINST U.S. DOLLAR
Weekly averages
30
GERMAN f,
MARK X/i
BELGIAN FRANC
SWISS FRANC
20
JAPANESE
YEN
CANADIAN
DOLLAR
against
M
J
1972
S
D
M
J
S
1973
Weekly averages (week ending on Friday) of daily offered rates in the New York market as per cent above or below Smithsonian
central rates.
D
Chart I B
SPOT EXCHANGE RATES - MAJOR CURRENCIES AGAINST U.S. DOLLAR
Weekly averages
~~1 30
20
FRENCH FRANC
DUTCH GUILDER
ITALIAN LIRA
against
U.K. POUND
M
J
s
M
D
1972
J
S
D
1973
Weekly averages (week ending on Friday) of daily offered rates in the New York market as per cent above or below Smithsonian
central rates.
r
1
'
'
Chart 2A
3-MONTH FORWARD EXCHANGE - MAJOR CURRENCES AGAINST U.S. DOLLAR
Weekly averages
Per cent per annum
PREMIUM +
CANADIAN DOLLAR
U.K. POUND
PREMIUM
GERMAN MARK
DISCOUNT PREMIUM
DUTCH GUILDER
DISCOUNT -
M
J
1970
S
D
M
S
D
M
1971
* Canadian Dollar Rate not supported by Bank of Canada.
See DESCRIPTION AND SOURCES OF DATA, January 1. 1973. pp : 2-3. j
J
1972
-
S
D
M
J
1973
S
D
3-MONTH FORWARD EXCHANGE - MAJOR CURRENCES AGAINST U.S. DOLLAR
Weekly averages
1 1 1 1 1 1 1 1 1 II
1 1 | M
1
| 1 1
Per cent per annum
i 1 | ! 1 | M
1
| 1 1
1 1 | 1 1 | 1 1 | 1 1
PREMIUM +
FRENCH FRANC
r
-
v y
v
Ml
/
V
\
DISCOUNT PREMIUM +
I
SWISS FRANC
[V\j
A
\
DISCOUNT -
I 1 1 M
M
1 N
J
i ! 1
S
D
1 : i 1
M
1970
J
i
li
1 1 1 1 1 1
S
D
M
1971
See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 2-3.
1 l I 1 l l 1 l h.
J
S
1972
D
i i 1 i i ! i i 1 i i
M
J
1973
S
D
3-MONTH FORWARD EXCHANGE - MAJOR CURRENCIES AGAINST U.K. POUND
Per cent per annum
Friday figures
PREMIUM +
GERMAN MARK i
U.S. DOLLAR
DISCOUNT -
M
J
S
D
1970
M
J.
s
D
1971
See DESCRIPTION AND SOURCES OF DATA. January 1, 1973, p. 3.
M
J
1972
S
D
J
1973
S
D
Chart 3B
3-MONTH FORWARD EXCHANGE - MAJOR CURRENCIES AGAINST U.K. POUND
Friday figures
Per cent per annum
PREMIUM
SWISS FRANC
FRENCH FRANC
DISCOUNT -
M
J
S
D
1970
J
S
D
1971
See DESCRIPTION AND SOURCES OF DATA, January 1. 1973. p. 3.
M
J
1972
D
M
J
1973
S
D
%
Chart 4
GOLD PRICE IN LONDON, 12.5 Kg BARS
U.S. dollar equivalent per fine ounce
Week's average of afternoon fixings
90
60
I
M
I
I
I
J
I
_L_
_1_
S
1971
D
M
J
1972
See DESCRIPTION AND SOURCES of DATA, January 1, 1973, p. 4.
I
1 I
S
I
I
I
I l l
J
1973
s
I
I
30
Chart 5A
CALL MONEY RATES
DOLLAR
FUNDS
Per cent per a n n u m
Weekly averages
OVERNIGHT EURO-DOLLAR DEPOSES
P.ALL EURO-DOLLAR DEPOSITS
FEDERAL FUNDS
EURO-DOLLAR OVER
FEDERAL FUNDS
DIFFERENTIAL
FAVOR
EURO-DOLLAR
FAVOR^lfEytRAL
EURO-CURRENCIES
Per cent per annu
Weekly averages
15 15
EURO-DM
EURO-SWISS FRANC
j
S
FUNDS
D
1970
M
J
S
1971
• C h a n g e d f r o m CALL to OVERNIGHT Euro-dollar deposits, May 10. 1971.
See DESCRIPTION AND SOURCES.OF DATA, January 1, 1973, pp. 4-6.
12 85
Chert 58
CALL MONEY RATES
SELECTED FOREIGN AND EEC CURRENCIES
Friday
figures
Per cent per
mum
8
FRANCE
4
NETHERLANDS
0
1
8
JAPAN
4
CANADA
0
1
12
8
U.K.
4
GERMANY
0
M
J
s
D
1970
M
J
1971
S
D
M
J
S
D
M
1972
ice, Day to day Money; Netherlands, Call Money, weekly average; Japan, Unconditional Money;
ada. Day-to-day Loans, weekly average; Germany, Call MoneyMJ.K., 2 day Local Authority Deposits.
DESCRIPTION AND'SOURCES OF DATA, January 1, 1973, pp. 4-6.
J
1973
S
D
^
"'chart 6A
LONDON: EURO DOLLAR DEPOSIT RATES
Friday figures
Per cent per annum
15 0 0
OVERNIGHT
CALL
7 DAY
12
1-MONTH
M
J
S
D
1970
M
J
S
D
1971
#
M a y 1 2 / 7 1 - c h a n g e d to Overnight Euro-Dollar Deposits
* * J u l y 1—changed to 7-Day Euro-Dollar
See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, p. 6.
M
J
1972
S
D
M
J
1973
S
D
Chart 6B
Per cent per annum
Friday figures
1972
See DESCRIPTION AND SOURCES OF DATA. January 1, 1973, p. 6.
Chart 7A
NEW YORK-LONDON: YIELDS ON U S. DOLLAR FUNDS
3-MONTH DOLLAR DEPOSIT RATES-SECONDARY MARKET
Per cent per annum
Wednesday figures
-
12
hi
id
jf ~
-
10
K a ,
1
-
7
\j\
F \
\ EURC) DOLLAR DEPOSIT
/
-
-
U S. CERTIFKSATE OF DEPOSIT
i
i
1 i
i
I
i
i
1 M
i
i
1 i
i
1 i
i
1 i
i
i
i
i
i
i
i
i
i
i
.
i
l
i
!
1 1 1 1 1 1 i
1 1
FAVOR EURO-DOLLAR
DIFFERENTIAL
A
W V \ X fAJV
-
-
Anv</
EURO DOILLAR OVER U.S. CERTIFIC;ATE OF DEPOSIT
1 I I 1 I i 1 M
M
J
1 II
S
D
I I 1 I i 1 i I 1 II
M
1970
J
S
D
1971
fSee DESCRIPTION ANDSOURCESOF DATA, January 1, 1973, pp. 6-7.
. . 1 . . 1 . . 1 . .
M
J
S
1972
D
M
M
I
j
I
I
S
1973
i
i
o
I
Chart 78
NEW YORK-LONDON: COST OF U S DOLLAR FUNDS
3 - M O N T H DOLLAR DEPOSIT R A T E S - P R I M A R Y MARKET
Wednesday figures
P j f r / c W per annum
EURO DOLLAR DEPOSIT
ADJUSTED'
A
EURO DOLLAR D E P O S I T
U.S. C E R T I F I C A T E OF D E P O S I T
ADJUSTED
W
EURO DOLLAR OVER
—
U S. C E R T I F I C A T E O F D E P O S I T
ADJUSTED1
M
J
S
D
M
1970
J
S
M
D
1971
* Adjusted for Reserve Requirement
* * Adjusted for 10% Marginal Reserve Requirement
* * * A d j u s t e d for 20% Marginal Reserve Requirement
Bee DESCRIPTION AND SOURCESlOF'DATA, January 1, 1973, pp. 6-7.
J
1972
e
S
D
M
J
1973
S
D
Chart 8A
LONDON: COVERED YIELDS ON U.S. DOLLAR FUNDS
HIRE PURCHASE/STERLING CD's vs EURO-DOLLAR RATES
P®r cent per annum
Friday figures
EURO DOLLAR DEPOSIT
-HIRE PURCHASE
:
COVERED
STERLING CD's
COVERED
_
FAVOR STERLING CD's
DIFFERENTIAL
J\
v
1
A
/ v y H/i/V
h
f
V
;
FAVOR EURO-DOLLAR
II
1 1 1 1 1 1 1 II
M
J
S
i i 1 i i 1 i i 1 i i
D
1970
M
J
S
i i 1 i i 1 i i 1 i i
D
1971
M
J
1972
* H i r e Purchase suspended August 11, 1972 and Sterling Certificates of Deposit
begin August 11. 1972.
See DESCRIPTION AND SOURCES OF DATA. January 1. 1973, pp. 7-8.
S
1 1 1 II
D
M
1 1 1 ,1 M
J
1973
S
n
Chart 86
LONDON: COVERED YIELDS ON U.S. DOLLAR FUNDS
LOCAL AUTHORITY AND EURO DOLLAR RATES
Friday figures
Per cent per annum
-
M
n :
EURO-DO LLAR DEPOSIT
|A/V
L U v A L A l JTHORITY
1
DEPOSIT
COVERED
1 1 1 1 1 1 M
1
:
:
i
i
i
i
1
I
i
1 1 i
.1 1 1 1 1 1
1 ! 1 I I 1 1 1 1 1 1 1
FAVOR LOCAL AUTHORITY
-
DIFFERENTIAL
Vv-i A A V V
-fxy
l|
1
„
/
FAVOR EURO DOLLAR
1 1 1 1 1 1 1 1 1 1 1
M
J
S
D
1 1 1 1 1 1 1 1 1 1 1
1 1 1 II
M
M
1970
J
S
D
1971
See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 7-8.
1 I I 1 I I
J
S
1972
D
1 1 1 1 1 1 1 1 1 1 1
M
J
S
1973
D
\<
,Chart 9A'„
IINTEREST ARBITRAGE: UNITED KINGDOM AND UNITED STATES
Friday figures
3 - M O N T H T R E A S U R Y B I L L RATES
14
,10
U.K. LOCAL AUTHORITY DEPOSITS
UNCOVERED
>
NEW YORK
LONDON,
NEW YORK
1970
1971
• ' P"Plotted
l o t t e d for comparison purposes
$ee DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 8-9.
1972
1973
—(EhartSB.
INTEREST ARBITRAGE: UNITED KINGDOM AND UNITED STATES
tPer cent per annum
Friday figures.
PREMIUM
RATE DIFFERENTIAL AND 34MONTH FORWARD STERLING
SPREAD IN FAVOR OF LONDON
llMy
FORWARD RATE
DISCOUNT
RATE DIFFERENTIAL WITH FORWARD EXCHANGE COVER
FAVOR LONDON
FAVOR NEW YORK
1970
1971
" See DESCRIPTION AND SOURCES OF DATA. January 1. 1973, pp.8-9.
1972
1973
'
/ "
Chart 10A
3-MONTH FUNDS INTEREST ARBITRAGE: EURO-DOLLAR-GERMAN MARK
F R A N K F U R T I N T E R B A N K LOAN RATE VS. L O N D O N EURO DOLLAR RATE
Wednesday rates.
Per, centner annum
GERMAN INTERBANK
LOAN RATE
EURO-DOLLAR
COVERED
FAVOR FRANKFURT
DIFFERENTIAL
FAVOR EURO-DOLLAR
J
S
D
1970
M
J
S
D
1971
See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 9-10.
M
J
1972
S
D
M
J
1973
S
D
3-MONTH FUNDS INTEREST ARBITRAGE: EURO DOLLAR - SWISS FRANC
ZURICH DEPOSIT RATE VS. LONDON EURO DOLLAR RATE
Per cent per annum
Wednesday rates
II
| II
| I I I I I I I I | I I | I I | I I I I I | I I | I I | I I I
I I I I | II
| I I
SWISS DEPOSIT RATE
X
EURODOLLAR
COVERED
FAVOR ZURICH
DIFFERENTIAL
FAVOR EURO-DOLLAR
I I I I I I I 1 I I I I I 1 I I I I I 1 I I
M
J
S
D
M
1970
J
S
D
I I I I I I I I I I
M
1971
iSee DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 9-10?
J
S
1972
I I I I I I I I I I I
12
Chart 11
3-MONTH INTEREST ARBITRAGE: CANADA - UNITED STATES
Per cent per annum
Friday figures
n
I i i i 10
BILL RATES
UNITED STATES
TREASURY BILLS
CAN. FIN. CO. PAPER
CANADIAN
TREASURY BILLS
4
BILL RATE DIFFERENTIAL AND FORWARD CANADIAN DOLLAR
FORWARD RATE
GROSS SPREAD IN FAVOR OF CANADA
DISCOUNT
T
FAVOR CANADA
COVERED RATE DIFFERENTIALS
PRIME FINANCE PAPER
TREASURY BILLS
FAVOR U.S.
M
J
S
D
1970
M
J
S
D
1971
M
J
1972
S
D
M
J
S
1973 "
See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 10-11.
A IP
D
Chart 12A
SELECTED SHORT-TERM INTEREST RATES*
' Per cent per annum
-
T
<>
1
1
A
=
A /
i
i
1
f
/
t
i
v
1
GERMANY
A \
-
V y u.s.
1 1 LlJ 1 1 ! J JIJI ,1 M ! ! ! 1 1 i1 i 1 i i 1 M l i i 1 1 1 1 1 1 1i !: 1! ! 11 I1 ! 11 1 1 1
rJ!
-
U
it
Lx-v
v
y
/
1
-rfl
kr.
-
i
y%
1
U.K.
—
r
/
/
'
J
,r
/>A^
1
h Z U.S.
u 1 1 1 I I 1 M1 1 i i 1 i i 1 M1 1 1 1 1 1 1 1 1 Ml
1 1 I 1 1 1 1 1I I1 1I I1 1 1 1 1 I1I 1
JAPAN
MONTHLY
l l 1 l l 1 l l 1 i I1 i 1 I I 1 I I 1 1 i 1i 1 i i 1 i i 1 i i i i 1 i i 1 I I 1 i ii i 1 , i 1 i i 1 i i
1970
1971
1972
1973
1974
;3-month treasury bill rates for all countries except Japan(Average rate on bank loans and discounts)
arid Germany (interbank loan rate)
See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 11-12.
Chart 12B
SELECTED SHORT-TERM INTEREST RATES
Per cent per annum
V\,
\>VA.
II
^
1I I 1I I 1 LI
1
\ -
N\T
0 DOLLAR - LONDOI
1 1 1 1 II
r
I I I II
-
II ! II IIMI I I
1 I I ! II
,
1
i
r'
L
Vt
r
\ i /
/ WA
K \
vA
U.S.
>
CANADA
l l 1 I l 1 I l 1 I I111 M 1 1 1 1 1 1
1970
1971
i i 1 i i 1 i i h
1972
See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 11-12.
1I I 1 I I 1
R*
J SWITZERLAND
1 L I 1 I I 1 I L 1 1 1 1 1 1 1 1 1 I I U ~ 1 1 1 1 1 1 I 1 1 I 1I 1 I I
V
I I 1II
Lzv
I
II
H\
\/\
v\ v1\*y >
V 1 w
LV
'
v—i
-
j
VyV
1 1 1 II
AV/A
/
fv/i
•/ 1/^
1 IMI I I
I I 1 L-L 1 I 1 1 1 I
/
I m 1 I I 1 i i 1 i iI I 1 ! 1 1 I I 1 1 1
1973
1974
Chart 13
LONG-TERM BOND YIELDS
.Per cent per a n n u m
Weekly figures
NETHERLANDS
U.K.
GERMANY,
A
CANADA
11
Monthly figures
U.S. CORPORATE: i
DOLLAR EURO-BONDS
AaaBONDS
DM EURO-BONDS
1970
1971
1972
See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 12-15.
1973
1974
INDUSTRIAL STOCK INDEXES,
Ratio scale, 1958=100"
Ratio scale, 1958=100
"
1
320
UNITED STATES
240
160
1200
JAPAN
480
-
960
SWITZERLAND
SWITZERLAND
640
320
240
480
UNITED KINGDOM
JAPAN
GERMANY
160
CANADA
CANADA
320
GERMANY
240
160
1970
1971
1972
1973
| V . SELECTED CENTRAL BANK DISCOUNT RATES
December 1 9 , 1973
R e l e a s e No.
Country
641
Current Rate
. In Effect Since
Previous Rate
In Effect Since
E.E.C.:
Belgium
France
7.75
11.0
O c t . 2 9 , 1973
7.0
O c t . 4 , 1973
S e p t . 2 0 , 1973
9.5
A u g u s t 2 , 1973
Germany
7.0
J u n e 1 , 1973
6.0
May 3 , 1973
Italy
6.5
S e p t . 1 5 . 1973
4.0
A p r i l 1 0 , 1973
Netherlands
8.0
Dec. 6 ,
7.0
Oct.
""'United
Kingdom
11.50
J u l y 2 7 , 1973
9.00
J u l y 2 0 , 1973
Switzerland
4.5
Jan.
3.75
S e p t . 1 5 , 1973
Canada
7.25
S e p t . 1 3 , 1973
6.75
A u g u s t 7 , 1973
Japan
7.0
Aug. 2 9 , 1973
6.0
J u l y 2 , 1973
United States
7.5
Aug. 1 4 , 1 9 7 3 /
7.0
J u l y 1 , 1973
1973
1 , 1973
16, 1973
- " " E f f e c t i v e O c t o b e r 1 3 , 1 9 7 2 , t h e Bank o f E n g l a n d r e p l a c e d i t s t r a d i t i o n a l
Bank R a t e w i t h a f l u c t u a t i n g "minimum l e n d i n g r a t e " b a s e d on a v e r a g e
Treasury b i l l tender rate.
IV-2
H . 13
LATEST FIGURES PLOTTED ON THE CHARTS
Chart
Panel
December 19, 1973
R e l e a s e No. 641
Series
Date
1A
Swiss franc
Dec.
IB
U.K. pound
„
IB
French franc
"
1A
Japanese yen
ii
Rate
14
20.19
-11.29
12.26
9.96
1A
Belgian franc
11.43
IB
Italian lire
-4.22
1A
Canadian dollar
"
0.59
1A
IB
German mark
"
21.89
"
15.60
German mark
„
Swiss franc
»
-0.40
Dutch guilder
2A
2B
Upper
-0.68
U.K. pound
-6.58
Dutch guilder
-3.34
Canadian dollar
3A
French franc
"
German mark
1 Dec*.
U.S. dollar
3B
4
5A
Upper
1
Middle
Lower
1
Swiss franc
"
French franc
"
Lower
4.25
4.79
2.70
3.40
Gold price, U.S. dollar per ounce
Dec.
14
104.46
Overnight Euro-S deposits
Dec.
12
Federal Funds
"
9.59
10.04
Differential
"
-0.45
Euro-currencies
Euro DM
Upper
7
"
Euro Swiss Fr.
5B
0.20
-0.97
Dec.
14
12.85
23
9.25
6.40
"
Japan, Unconditional Money
Nov.
U.K., 2-day Local Author. Deps.
Dec.
7
12.88
Canada, Day-to-day Loans
Dec.
Dec.
14
7
6.63
11.50
France, Day-to-Day Money
Germany, Call Money
"
Netherlands. Call Money
ii
13.19
8.28
H. 13
December 19, 1973
Release No. 641
Chart
Panel
6A
7B
Dec.
n
Euro-$ 3-month Rate
"
Euro-$ 6-month Rate
M
11.44
10.44
10.31
U.S. Certificate of Deposits
»
Lower
Differential
"
+1.41
Upper
Euro ) 3-month Deposits
Euro-S 3-month Deposits (Adj.)
"
11.41
U.S. Certificate of Deposits (Adj.)
ii
Differential: on Adj. Euro-$ Deposits
M
Upper
Euro-$ 3-month Deposits
S t e r l i n g CD's
Lower
Dec.
Upper
12
Lower
9A
10.50
9.74
+1.68
+0.76
"
Nov.
(covered)
30
10.14
Differential
"
-0.33
Euro-$ 3-month Deposits
"
10.47
Local Authority Deposit (uncovered)
Spread (+= favor London)
3-month Forward Pound
9.61
Differential
U.K. Treasury B i l l rate
Lower
10.47
"
U.S. Treasury Bill rate
Upper
10.50
9.09
Local Authority Deposits (covered)
9B
9.56
Euro-$ 3-month Deposits
on Unadj. Euro-$ Deposits
8B
14
Euro-S 1-month Rate
Upper
Lower
8A
Rate
Date
Euro-$ Overnight Rate
6B
7A
Series
Net Incentive (+= favor London)
-0.86
Dec.
14
7.49
12.29
"
Dec.
7
15.38
Dec.
14
+4.80
"
-7.62
"
-0.82
H. 13
December 19, 1973
Release No. 641
IV - 4
Chart
Panel
Series
Date
10A
Upper
Euro-$ Deposits (covered)
Dec. 12
German Interbank Loan rate
„
Lower
Differential
II
Upper
Euro-$ Deposits (covered)
10B
Rate
11.26
13.00
+ 1.74
„
11.06
Swiss Deposit rate
11
Lower
Differential
Upper
Canadian Finance Paper
4.50
-6.56
Dec. 14
9.25
U.S. Treasury Bill rate
"
7.49
Canadian Treasury Bill rate
H
6.17
U.S. Prime Finance paper
(not plotted)
Second
Forward Canadian dollar
12A
8.25
Bill rate differential
-1.32
"
+ 0.04
Third
Net incentive on bills
II
-1.28
Bottom
Net incentive on Finance Paper
II
+1.04
Upper
U.K. Treasury Bill rate
II
U.S. Treasury Bill rate
German Interbank Loan rate
Lower
12.29
7.49
II
13.00
Japanese Average rate
October
7.706
Canadian Treasury Bill rate
Dec. 14
6.17
U.S. Treasury Bill rate
12B
~
Euro-$ Deposits
Swiss 3-month Deposit rate
U.S. Treasury Bill rate
7.49
10.44
4.50
7.49
IV - 5
Chart
Panel
Series
13
Upper
Netherlands
December 19, 1973
Release No. 641
7
8.65
Dec. 14
7.67
Dec.
Canada
Middle
*United States
•i
6.69
Switzerland
Nov. 16
5.92
Germany
Dec.
United Kingdom
U.S. Corp. Dollar Euro-bonds, .
Series G
Lower
U.S. Corp. DM Euro-bonds
S e r i e s
Switzerland
Upper
8.16
n
7.82
November
7.67
301.20
Nov. 30
251.2
United States
bee.
United States
7
214.55
ii
191.14
Nov. 30
272.99
"
782.01
:
i
-
October
Dec. 14
Canada
Lower
9.56
12.60
Germany
United Kingdom
Middle
7
"
G
U.S. Corp. Aaa bonds
14
Rate
Date
Dec.
7
214.55
* New -- A v e r a g e y i e l d on s e l e c t e d 10 y e a r c o n s t a n t m a t u r i t y b o n d s d u e o r c a l l a b l e
i n 10 y e a r s .
** Beginning week ended September 5, 1970, the Japanese index plotted is that of all industrial and other stocks
on the First Section of the Tokyo Stock Exchange.
@FedFRASER