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Selected Interest & Exchange Rates Weekly Series of Charts DECEMBER 27,1976 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 9- Tabie 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 a 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 n SPOT EXCHANGE RATES V D O L L A R PRICES OF F O R E I G N CURRENCIES A N D W E I G H T E D A V E R A G E V A L U E S (DASHED L I N E ) A V E R A G E S FOR WEEK E N D I N G W E D N E S D A Y 120 CANADIAN DOLLAR 100 90 V 80 - FOREIGN CURRENCY PRICE OF U S. DOLLAR X / \ r - ' h N z - / ] \ 1 1 1 1 1 1 lllllllillll lllllllllll I I JAPANESE YEN | I I I I I FRENCH FRANC A\ eo liiliiliiliiliiliiliiln : /^X " X — 140 - 1 J lllllltllll 1 lllllllllll 1 A v 1 W 1 1 1 i 1 lllllllllll lllllllllll 200 180 160 200 - - . GERMAN MARK / V"\ A J 140 120 160 - / U •^r=F \/ * Jr. SWISS FRANC / | - V V x / f V s ^v" -*V - * / -i 1 T j V J\ / r 100 160 M 1 1 1 __ M niiiiiiin f 140 120 . niiiiiiin DUTCH GUILDER V 160 l l l I I niiiiiiin I I niiiiiiin BELGIAN FRANC 140 140 I 'Vi rfrr ;'X_ rv "v/YV niinniin Z<Z -IJ 100 120 100 160 - rV /\ V lllllllllll I niiiiiiin " I I I 1 M I 1111111111111111111 n 111 100 120 U.K. POUND - ITALIAN LIRA X - i \ "X/'X-x \V w^ I I ll M - - v v "~x - I I I I I I I I I I I 1974 I lllllllllll iihiiiiiii 1976 Chart 2 < 3-MONTH FORWARD EXCHANGE RATES • I PREMIUMS (+). OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY CANADIAN DOLLAR 0 6 SWISS FRANC U.K. POUND DUTCH GUILDER GERMAN MARK • 6 JAPANESE YEN 2 per cent on scale equals 1 per cent on all others FRENCH FRANC 0 6 12 1974 1976 1974 1976 Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY US. DOLLARS PER FWE OUNCE 210 - 12.5 Kg BARS Afternoon fixing price 180 150 120 90 60 30 1974 1976 Chart 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER t 15 15 NIGHT EURO-DOLLARS 10 JAPAN 10 5 5 JERALFUNDS I 0 I I I I 0 I 20 20 U.K. 2 - D A Y LOCAL AUTHORITY FRANCE 15 15 'HT 10 \ -y 5 0 1 1 1 "I I V 10 5 0 I 15 15 NETHERLANDS 10 10 CANADA 5 5 V 0 | | I I I I m l l 1111 m 1111111 20 0 20 EURO-SWISS FRANC 15 15 GERMANS 10 10 5 0 'I' (if EURO-DM 5 5 0 I 5 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 16 12 12 8 8 4 4 14 EURO-DOLLAR SWISS DEPOSIT RATE 10 6 JAPAN Monthly 1974 1976 1974 1976 Chat t 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY 16 OVERNIGHT 3-MONTH 12 6 4 16 16 6-MONTH 7-DAY 12 8 4 16 16 1-MONTH 1-YEAR 12 8 4 1974 1976 1974 1976 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 0 I ^' DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements Favors Borrowing in U.S. if 1 1874 Positive 1974 1976 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY - D I F F E R E N T I A L : P L U S H , INDICATES FAVOR D O L L A R ASSETS 20 20 15 INTERBANK DM Covered Frankfurt INTERBANK STERLING Covered London EURO-DOLLAR DEPOSITS 10 EURO-DOLLAR DEPOSITS 5 0 f\ DIFFERENTIAL A U v v v A r - " v - ^ v 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. COMMERCIAL PAPER 0 DIFFERENTIAL DIFFERENTIAL 5 1974 1976 1974 1976 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES CANADA 9 UNITED STATES 7 5 12 JAPAN \ Industrial SWITZERLAND v 8 GERMANY 6 14 18 UNITED KINGDOM 12 FRANCE 10 8 NETHERLANDS 6 4 iiliilnlii 12 12 . 10 U.S. CORPORATE Monthly „ Aaa bonds U S. CORPORATE Monthly ,/\ a Euro-dollar bonds Euro-Dm bonds 6 1974 1976 1974 1976 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 180 UNITED STATES 45 140 400 300 100 UNITED KINGDOM JAPAN 200 60 35 140 240 100 SWITZERLAND CANADA 100 60 180 180 35 FRANCE General Index 100 100 GERMANY 60 I 60 45 1974 1976 1974 1976 19 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 . 90.40 122.32 154.13 146.21 69.83 106.63 111.34 178.82 137.82 72.20 DEC. DEC. DEC. DEC. DEC. DEC. DEC. 22 22 22 22 22 22 22 -3.65 -9.88 0.27 —7 . 0 6 2.90 —1.63 -1.25 DEC. 22 133.17 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 . 22 22 22 22 22 22 22 22 22 22 GOLD PRICE I N LONDON U . S . DOLLAR PER FINE OUNCE CHART 4 . DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 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 DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 22 22 17 17 17 10 17 17 3 10 4.63 4.65 15.13 8.75 4.60 5.01 7.00 10.19 6.64 0.25 DEC. DEC. OCT. DEC. DEC. DEC. DEC. 22 22 4.50 4.84 8.20 5.01 8.50 14.10 4.00 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 22 22 22 22 SERIES NAME 6. LAST VALUE PLOTTED DATE VALUE EURO-DOLLAR DEPOSIT RATES: LONDON 22 22 22 22 22 22 4.65 4 .66 4.86 5.01 5.31 5.55 22 22 22 22 22 22 4.65 4.63 0.21 5.01 4.50 0.43 j % D E C . 22 DEC. 22 DEC. 22 5.01 4.22 0.79 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL DEC. 22 DEC. 22 DEC. 22 4.68 4.85 -0.17 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL DEC. 22 DEC. 22 DEC. 22 5.01 5.11 -0.09 EURO-DOLLAR DEPOSIT SWISS DEPOSIT CSF)f COVERED DIFFERENTIAL DEC. 22 DEC. 22 DEC. 22 5.01 6.90 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 D I F F E R E N T I A L 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 6. DEC. DEC. OEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING ( L O N D O N ) , COVERED DIFFERENTIAL -1.88 '1* SERIES NAME CHART 9 . LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. DEC. DEC. NOV. DEC. DEC. DEC. DEC. DEC. 17 17 10 17 3 3 17 6.89 7.27 8.80 4.44 8.73 10.65 7.71 14.31 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . LAST VALUE PLOTTED DATE VALUE OCT. OCT. OCT. 8.32 7.15 7.82 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY DEC. NOV. DEC. DEC. DEC. DEC. DEC. 17 26 10 3 17 17 17 108.63 230.23 88.51 88.16 79.75 68.16 89.92 F E D E R A L Hel ° R E S E R V E statistical FOREIGN EXCHANGE RATES FOR THE WEEK ENDING DECEMBER 2 4 , release DECEMBER < 7 , 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 UNI1ED KINGDOM (RAT E U . S . CENTS DEC. 1 1 MONETARY UNIT DEC. 20 DEC." 2 1 DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESATA qUPEE KRONA FRANC POUND 105,9100 5,93000 2,76000 98,9600 17,2600 26,3900 20,0400 42,2100 11,3500 168,1000 0.11550 0 , 3 4 0 60 39,7100 4,8800 40,5000 93,2700 19,2900 3.1700 115.0000 1.4639 11,2000 2>.,1500 40,8800 168,1000 106.4400 5.96000 2.76400 98.7500 17,2800 26,3500 20,0500 42.2500 11.3500 167.9000 0.11550 0.34020 39.7100 4.9600 40,5400 93,7800 19.3100 3.2100 115.0000 1.4637 11.2000 24.1900 41.0500 167.9000 106.9400 5.95000 2.76600 96.5500 17.2500 26.3500 20.0700 42.2500 11.3500 166,5200 0.11560 0.34030 39.7100 4.9800 40.4800 93.7000 19.2500 3.1800 115.0000 1.4635 11.2000 24.1300 40.9100 168.5200 DEC. 23 DEC. 2 4 107.4900 5.94000 2.75900 98.8400 17.2600 26.3500 20.0600 42.2400 11.3500 168.4500 0.11500 0.34080 39.6800 4.9700 i 40.3900 93.9300 19.2600 ) 3.1800 1 115.0000 1.4620 11.2000 24.1600 40.8400 168.4500 108.5000 5.95000 2.75600 96.6400 17.2600 26.4400 20.0700 42.2*00 11.1000 166.9500 0.11520 0.34070 39.5*00 4.9800 40.3700 94.0000 19.2400 3.1700 115.0000 1.4645 11.2500 24.1700 40.8600 168.9500
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