Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : December 3, 1990

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Selected Interest &
Exchange Rates
Weekly Series of Charts

December 3,1990

DIVISION OF
INTERNATIONAL FINANCE

Prepared by the
FINANCIAL MARKETS
SECTION

BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
Washington, OC. 20551




Table of Contents

TABLES
1. LATEST FIGURES PLOTTED
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 INDIES




SUBSCRIPTION RATES:
Weekly $24.00 per year or $.60 each in the United
States, its possessions. Canada, and Mexico: 10 or
more of the same issue to one address. $22.50 per
year or $.55 each. Elsewhere. $30.00 per year or $.70
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.

CHART 1

SPOT EXCHANGE INDICES
DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)
AVERAGES FOR WEEK ENDING WEDNESDAY
RATIO SCALE
MARCH 1973=100

140
130
120
110

RATIO SCALE
MARCH 1973=100

FOREIGN CURRENCY
PRICE OF U.S. DOLLAR

140
130
120
110

BELGIAN FRANC

100

100

90

90

80
70
280
260 —
240
220

80

i

i

» l

'

i

i

l

i

i

i

I

i

i

'

SWISS FRANC

i
—

i

i

I

i

'

i

I

'

i

i

I

i

i

JAPANESE YEN

i

70
280
260
240
220

200

200

180

180

160

160

140

140

i

i

i

l

» '

'

I

i

» i

I

'

'

'

I

•

•

» l

•

•

•

CANADIAN DOLLAR

U.K. POUND

GERMAN MARK

DUTCH GUILDER

ITALIAN LIRA
FRENCH FRANC




1988

1990

1988

1990

CHART 2

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

4

PERCENT PER ANNUM

4

e

CANADIAN DOLLAR

i

i

» I

» i

U.K. POUND

i

l

» '

i

> i

i
JAPANESE YEN

#1

1
SWISS FRANC

1

1

1

1

1

1

1

1

l

1

1




1

1

1

I

-•

1 1

1

1

1

1 1

1

1

A

I

I

1 1

1

1

I 1
1988

1

1

1

1

1

1

1

1 1

\

1

XaA

W

1 1

1

1

1

X

1

ITALIAN LIRA

A

1

1

—

FRENCH FRANC

12

1

/

DUTCH GUILDER

f/Vf

—

1

A

X
1

1

1

1 1

1 1
1990

1

1

1

I

'

1

1988

•

l

1

1

•

I

i

i

i

1990

12

CHART 3

PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY

U.S. DOLLARS PER FINE OUNCE
520

U.S. DOLLARS PER FINE OUNCE
520

500

500

12.5 Kg BARS
AFTERNOON FIXING PRICE

480

480

460

460

440

440

420

420

400

400

380

380

360

360

340

340

320

1987




1988

1989

1990

320

CHART 4

CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANNUM

PERCENT PER ANNUM

16

16

12

12

FRANCE

U.S. FEDERAL FUNDS

JAPAN

0

i

i

» I

i

i

» I

i

i

i

l

1

i

i

'

1

1

I

1

»

1

I

1

•

» I

I

16

I

I

.Q
16

12

12
CANADA
GERMANY

•

'

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I

'

'

'

i

'

'

»

'

»

«

«

'

'

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I

:

'

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I

'

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'

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20

UNITED KINGDOM




SWITZERLAND
16

12

NETHERLANDS

1988

1990

i
1988

i

I

i

i

i

l

•

'
1990

•

CHART 5

3-MONTH INTEREST RATES
WEEKLY SERIES
PERCENT PER ANNUM
12

PERCENT PER ANNUM
10

SWISS INTERBANK RATE

U.S. CD'S

WEIGHTED AVERAGE
FOREIGN RATE

I

I

I

I

I

I

I

I

I

i

i

I

I

i

I

i

U.K. INTERBANK STERL NG

I

i

i

i

I

i

i

i

I

i

'

I

I

i

i

•

'

CANADIAN FINANCE CO.
PAPER

GERMAN INTERBANK RATE

—

i

FRENCH INTERBANK RATE

NETHERLANDS INTERBANK RATE

JAPANESE CD RATE

i

i

i




I

i

i i
1988

I

i

i

i

I

'

'
1990

'

I

I

I

I

I
1988

I

I

I

'

1990

CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM

PERCENT PER ANNUM

14

14

OVERNIGHT

12

3-MONTH

12

10

10

'

4
14

'

'

'

1

•

'

I

» » '

l

i

1

» »

1

'

I

»

1

'

l

i

•

» 1 » i

»
— I 14

7-DAY

12

6-MONTH

12

10

4
14

10

'

•

1

i

'

»

1

I

1

1

» l

i

i

i

i

'

» I

'

'

i

l

'

» i

l

i

i

i
14

1-MONTH

12

1-YEAR

12

10

10

'

•

'




I

•

'
1988

'

i

'

» '

i

•

i
1990

i

i

l

i

1

1988

1

I

1

1

1

I

i

i

'

1990

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

14

14

12

12

10

OVERNIGHT

EURO-DOLLAR

FEDERAL FUNDS

90-DAY CD'S

DASHED LINE

J

l

I—I

l

DASHED LINE

l

I

I

I

i

i

I

i

i

J—I—I—I—I—I—l

DIFFERENTIAL

J

I




I

I

I

10

3-MONTH

EURO-DOLLAR DEPOSITS

I
1988

I

I

I

I

i

I

i

i

i

l

i

DIFFERENTIAL

I

I

I

I

I

I
1990

I

J—i—i

I

i

i
i
1988

i

I

i

i
1990

CHART 8

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

PERCENT PER ANN!

16

16

12

INTERBANK STERLING

—

12

CANADIAN FINANCE
CO. PAPER, COVERED

COVERED LONDON

8

8

EURO-DOLLAR DEPOSITS

4

0

U.S. COMMERCIAL PAPER

DASHED LINE

'

i

i

I

i

i

4

DASHED LINE

i

I

1

» '

I

i

i

'

'

•

I

I

•

•

'

I

•

I

'

I

I

I

'

2
DIFFERENTIAL
+

0

2
16

12

r v w N z ju'W^

I

I

I

DIFFERENTIAL
+

iVVUy/WN

I

I

I

0

I

I

I

I

1 I

I

I

I

•

I

I

I

I

• '

I

'

'

I

I

I

I

I

INTERBANK DM

12

SWISS INTERBANK (SF) COVERED

8

8

EURO-DOLLAR DEPOSITS

DASHED LINE

I

0

I

EURO-DOLLAR DEPOSITS

—

I

I

I

I

I

I

4

DASHED LINE

I

I

I

I

I

I

I

1 I

I

I

I

I

I

2

0
2

DIFFERENTIAL

DIFFERENTIAL

+

+

0

2

2

16

COVERED FRANKFURT

4

0
2

0

» i

i




i

i
1988

i

i

i

i

i

i

i

i
1990

i

1

1

1

I

1

1

1

1988

I

•

1

i

I

'

i

•

1990

2

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PERCENT PER ANNUM

14

PERCENT PER ANNUM

14

e

UNITED STATES

CANADA

12

12

10

10

i

i

i

I

i

i

i

I

i

i

i

l

i

i

i

'

i

i

I

i

» i

l

'

' I

l

i

'

i

14
UNITED KINGDOM

6
14

FRANCE

12

12

10

10

'

i

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I

i

'

'

l

i

'

i

I

i

'

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•

i

i

I

'

'

'

i

» •

» i

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I

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i

i

10
SWITZERLAND

1

1

« I

'

JAPAN

•

» i

1

1

i

i

» i

»

i

i

i

i

I

10
GERMANY

MONTHLY

i




I

i

2
10

NETHERLANDS

"

6
10

i
1988

i

I

1

i

i

I

i

i
1990

i

•

•

•

I

'

'
1988

•

'

'

•

i

l

i

'
1990

i

CHART 10

STOCK INDICES
WEEKLY SERIES
SCALE

RATIO S

1986: 100

198i

200

175 — UNITED STATES

. NETHERLANDS

150
125
100
75

50
400
350

i

'

i

I

i

i

i

i

i

i

i

I

i

i

i

. JAPAN

1

I

I

I

I

I

I

I

I

I

I

I

I

I

I

•

•

I

» •

I

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I

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I

» l

'

'

» I

i

i

i

I

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»

I

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I

I

I I
1990

— GERMANY

300
250
200

150

100

i

i

» I

i

i

» l

i

i

i

I

i

•

i

1 i

200

175 — SWITZERLAND

— FRANCE

150
125
100
75

50

i

i

i

1 '

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i

l

i

i

i

I

i

i

i

•

i

200

175

.CANADA

L _ UNITED KINGDOM

150
125
100
75

50

i

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i

I




i

i i
1988

l

i

'

i

i

'

' •
1990

I

I

I

I

I

I I
1988

SERIES
31-0ct-90 7-Nov-90
C h a r t 1.

S p o t Exchange R a t e s a n d I n d i c e s

Noon b u y i n g r a t e s ( U . S .

cents,

weekly averages)

Belgian franc
Canadian d o l l a r
French f r a n c
German mark
Italian lira
Japanese yen
Netherlands g u i l d e r
Swiss f r a n c
U . K . pound
Indices,

3.2062
85.727
19.701
65.954
0.08806
0.77795
58.501
77.864
195.09

3.2531
86.010
19.963
66.975
0.08916
0.77971
59.375'
79.482
196.40

3.2731
85.666
20.067
67.481
0.08965
0.77094
59.824
80.029
196.47

3.2796
86.082
20.074
67.734
0 . 08993
0.77605
60.034
80.122
196.69

3.2603
86.059
19.959
67.310
0.08968
0.77782
59.663
79.141
197.02

126 .34
85 .44
88 .78
185 .54
50 .54
203..69
167 . 94
250. 50
78. 91

128 .19
85 .72
89 .96
188 . 4 1
51 .18
204,.15
170..45
255. 70
79. 44

128 .98
85 .38
90 .43
189 .83
51 ,.46
2 0 1 ..86
171 ..74
2 5 7 . 46
7 9 . 46

129 .23
85 .80
90 .46
190 .54
51 ,.62
203. 20
172. 35
257 . 76
7 9 . 55

128 .47
85 .77
89 .94
189 .35
51 ,.48
203..66
171. 28
254. 61
79. 69

110 .98
7 1 .30
75 . 1 3
178 . 6 4
40 .89
184 . 4 1
150 . 9 4
67 . 3 2
225 .37
65 . 3 3
82 . 0 3

110 . 9 2
7 1 .48
74 .95
178 . 9 2
40 . 9 2
185 .27
151 . 1 1
67 .28
225 .07
65 .23
8 1 .78

110 .54
71 .66
74 .69
178 .13
40 . 9 2
186 .28
150 .52
67 .24
222 .83
65 .54
82 .04

- 4 .26
- 1 .95
- 0 .80
- 2 .83
- 0 . .15
- 0 . .65
- 0 . .55
- 5 . .36

- 4 .06
- 2 .02
- 0 .90
- 3 .24
-0:28
- 0 . .77
- 0 . 52
- 5 . 53

- 4 .03
- 1 ..98
- 0 . .96
- 4 .21
- 0 . ,29
- 0 . 84
- 0 . 68
- 5 . 41

- 3 .84
- 1 .70
- 0 .78
- 4 .32
- 0 . 06
- 0 . .76
- 0 . 61
- 4 . 99

374. 94

379. 81

383. 71

377 . 88

383. 86

8 . 17
7 . 88
12. 08
9 . 80
7 . 99
7 . 82
7 . 97
6 . 88
13. 93

7 . 97
7 . 93
12. 28
9 . 77
8 . 19
7 . 84
8 . 44
7 . 28
14. 50

7 . 94
7 . 80
1 2 . 45
9 . 75
8 . 09
7 . 93
8 . 26
7 . 38
1 4 . 33

7 . 80
7 . 83
1 2 . 43
9 . 31
8 . 05
7 . 93
8 . 26
7 . 38
1 4 . 14

7 . 56
7 . 64
12. 53
9. 50
7 . 85
8 . 00
8 . 37
7 . 38
1 4 . 23

M a r c h 1973 b a s e r a t e s = 100

Belgian franc
Canadian d o l l a r
French f r a n c
German mark
Italian lira
Japanese yen
Netherlands g u i l d e r
Swiss f r a n c
U . K . pound
Weighted a v e r a g e exchange v a l u e i n d i c e s ,
Belgian franc
Canadian d o l l a r
French f r a n c
German mark
Italian lira
Japanese yen
Netherlands g u i l d e r
Swedish k r o n a
Swiss f r a n c
U . K . pound
U.S. d o l l a r
Chart 2

14-Nov-90 21-Nov-90 28-Nov-90

Mar.
109 .77
72 .15
74 .45
175 .96
40 .56
188 . 4 4
148 .99
67 .15
221 .42
65 .56
83 . 1 1

3 - M o n t h F o r w a r d Exchange R a t e s ,

Canadian d o l l a r
French f r a n c
German mark
Italian lira
Japanese yen
Netherlands guilder
Swiss f r a n c
U.K. pound

1973=100
110 .47
71 . 7 5
74 . 8 4
177 . 4 2
40 . 7 3
187 . 1 3
150 . 0 1
67 .26
224 .19
65 . 4 3
82 . 2 2

'remium o r D i s c o u n t
- 4 .31
- 1 .95
- 0 . .62
- 2 90
- 0 . 23
- 0 . 47
- 0 . 15
- 5 . 50
ixing

U.S.

dollars

Chart 4.

per f i n e ounce

C a l l Money R a t e s

U.S. f e d e r a l f u n d s
Overnight Euro-dollar
Canada
France
Germany
Japan
Netherlands
Switzerland
U n i t e d Kingdom




deposits

SERIES
31--Oct - 9 0 7 - N o v - 90
Chart 5.

3-Month I n t e r e s t

Rates

U.S. 90-day C D ' s , s e c o n d a r y market
Canadian f i n a n c e paper
French i n t e r b a n k r a t e
German i n t e r b a n k r a t e
J a p a n e s e CD r a t e
Netherlands interbank r a t e
Swiss i n t e r b a n k r a t e
U.K. i n t e r b a n k s t e r l i n g
Weighted average f o r e i g n i n t e r e s t r a t e
(G-10 C o u n t r i e s )
Chart 6.

Euro-Dollar

deposits

Interest

Arbitrage,

Euro-dollar deposit
Interbank s t e r l i n g (London),
Differential
U.S. commercial paper
Canadian f i n a n c e p a p e r ,
Differential

7 .93
7 .90
7 .91
7 .95
7 .94
7 .95

7 .96
12 .30
9 .86
8 .81
8 .39
8 .79
8 .45
13 . 6 3
10 .20

8 .11
12 . 2 1
9 .80
8 .84
8 .39
8 .80
8 .50
13 .38
10 .19

.80
.83
.85
.98
.90
.93

7 .83
7 .76
7 .83
7 .99
7 .86
7 .86

7 .64
7 .70
7 .80
8 .14
7 .95
7 .86

7
7
7
7
7
7

7 ..88
8 ,17
- 0 .29

7 .93
7 .97
- 0 .04

7 .80
7 ,.94
- 0 .14

7 .83
7 .80
0 .02

7 .64
7 .56
0 .08

7..95
7 ..98
- 0 .03

7 .95
7 .95
- 0 .00

7 ,.98
7 .98
0 .00

7 .99
7 .96
0 .03

8 .14
8 .11
0 .03

7 ..95
8 ..08
- 0 . .13

7 .95
8 ,03
- 0 . 08

7 ..98
7 ..99
- 0 . .02

7 ..99
8 .03
- 0 .04

8 .14
8 .22
- 0 .09

7 . 89
8,.14
- 0 , 25

7 .85
8 .13
- 0 .28

7 ..89
8..22
- 0 . .33

7 .86
8 .15
- 0 .28

7 .97
8 .25
- 0 .29

7 ..95
7 . 89
0..06

7 .95
7 .86
0 .09

7 ..98
7 . 81
0 .17

7 .99
7 ,.84
0 .15

8 .14
8 .04
0 .10

7 , 95
7 . 80
0,.15

7 .95
7 .69
0 .26

7 ..98
7 ..72
0 ..25

7 ,.99
7..75
0..24

8 .14
7 ,.87
0 .26

11. 15
10..76
9. 05
7 ..69
6,.53
10. 94
8..66

10 . 9 3
10 . 8 1
9 .06
7 .66
6 .52
10 . 8 9
8 .55

10..70
10..78
9. 09
7 . 69
6 ..60
10 .93
8 ..45

ND
10..80
9..05
ND
6 ..55
10 .89
8 .32

ND
10 . 6 1
8 .97
ND
6 .58
10 .58
8 .28

104..23
116 ..79
91 . 2 1
133 .86
90 . 1 1
113 .37
122 .83
128 . 4 1

103 . 4 1
117 .06
94 .75
127 .68
91..03
I l l .10
130 .03
126..98

104 .80
113 .00
92 .65
128 .35
90 .65
108..43
130..82
127..85

3 - M o n t h Funds
covered

covered

Euro-dollar deposit
I n t e r b a n k DM ( F r a n k f u r t ) ,
Differential

covered

Euro-dollar deposit
Swiss i n t e r b a n k , c o v e r e d
Differential
Long Term G o v e r n m e n t Bond Y i e l d s

Canada
France
Germany
japan
Switzerland
U n i t e d Kingdom
United States
C h a r t 10.

.88
.86
.88
.95
.95
.96

7 .98
12 .40
9 .93
8 .72
8 .36
8 .69
8 .25
13 . 7 1
10 .10

S e l e c t e d E u r o - d o l l a r & U . S . Money M a r k e t R a t e s

3-month E u r o - d o l l a r d e p o s i t
U.S. 90-day CD's, s e c o n d a r y market
Differential

Chart 9.

7 .95
12 . 5 3
9 .88
8 .68
8 .26
8 .58
8 .25
13 .58
10 . 0 3

7
7
7
7
7
7

Overnight Euro-dollar
U.S. f e d e r a l f u n d s
Differential

Chart 8.

7 .98
12 . 5 9
9 .88
8 .52
8 .23
8 .35
7 .95
13 .77
9 .97

D e p o s i t Rates

Overnight
7-day
1-month
3-month
6-month
1-year
Chart 7.

1 4 - N o v - 9 0 21-Nov - 9 0 28-Nov -90

Stock I n d i c e s

Canada
France
Germany
Japan
Netherlands
Switzerland
U n i t e d Kingdom
United States

(Wednesday f i g u r e s )
102,.68
117..92
93.. 1 1
140..35
92..55
113..93
123..58
122 .16

102
117
89
132
90
112
123
123

.35
.55
.58
.50
.65
.47
.42
.11

I n d i c e s ( i n o r d e r , r e b a s e d t o 1986=100) a r e T o r o n t o C o m p o s i t e , CAC G e n e r a l , FAZ A k t i e n ,
Tokyo SE ( T o p i x ) , CBS A l l - G e n e r a l , S w i s s Bank I n d e x , F i n a n c i a l T i m e s O r d i n a r y , NYSE C o m p o s i t e




• oOLGOwT'.

FEDERAL RESERVE statistical release
November 3 0 , 1990

H.10(512)

FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING

NOVEMBER 3 0 , 1990

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:

COUNTRY

MONETARY
UNIT

•AUSTRALIA
AUSTRIA
BELGIUM
CANADA
CHINA,P.R.
DENMARK
*EURO COMMUNITY
FINLAND
FRANCE
GERMANY
GREECE
HONG KONG
INDIA
*1RELAND
ITALY
JAPAN
MALAYSIA
NETHERLANDS
*NEW ZEALAND
NORWAY
PORTUGAL
SINGAPORE
SOUTH AFRICA
SOUTH KOREA
SPAIN
SRI LANKA
SWEDEN
SWITZERLAND
TAIWAN
THAILAND
•UNITED KINGDOM

DOLLAR
SCHILLING
FRANC
DOLLAR
YUAN
KRONE
ECU
MARKKA
FRANC
D. MARK
DRACHMA
DOLLAR
RUPEE
POUND
LIRA
YEN
RINGGIT
GUILDER
DOLLAR
KRONE
ESCUDO
DOLLAR
RAND
WON
PESETA
RUPEE
KRONA
FRANC
DOLLAR
BAHT
POUND

MEMO:
BKJNITED STATES

DOLLAR

Nov. 26

(CURRENCY UNITS PER DOLLAR)
Nov. 29
Nov. 28
Nov. 27

Nov. 30

0.7663
10.498
30.820
1.1600
5.2352
5.7245
1.3758
3.5785
5.0300
1.4920
153.00
7.7905
18.080
1.7900
1119.50
128.75
2.6835
1.6832
0.6119
5.8205
130.90
1.7095
2.5200
716.80
94.55
40.338
5.5785
1.2675
27.228
25.050
1.9658

0.7684
10.415
30.570
1.1635
5.2352
5.6730
1.3912
3.5545
4.9905
1.4800
152.80
7.7920
18.100
1.8055
1109.75
128.33
2.6840
1.6698
0.6113
5.7740
130.15
1.7085
2.5075
716.10
94.00
40.328
5.5450
1.2600
27.230
25.060
1.9760

0.7691
10.445
30.590
1.1652
5.2352
5.6980
1.3887
3.5650
5.0110
1.4845
152.30
7.7950
18.130
1.7975
1115.75
129.85
2.6865
1.6749
0.6100
5.7890
130.40
1.7065
2.5150
715.70
94.40
40.318
5.5635
1.2683
27.220
25.040
1.9720

0.7722
10.510
30.890
1.1648
5.2352
5.7325
1.3696
3.5770
5.0460
1.4967
154.50
7.7970
18.120
1.7850
1122.75
132.45
2.6935
1.6884
0.6092
5.8215
131.50
1.7125
2.5200
715.60
94.78
40.318
5.5970
1.2770
27.229
25.100
1.9515

0.7740
10.540
30.980
1.1658
5.2352
5.7465
1.3657
3.6045
5.0650
1.5000
155.00
7.8005
18.170
1.7800
1127.50
133.10
2.7045
1.6922
0.6090
5.8460
131.98
1.7220
2.5250
715.90
95.10
40.308
5.6185
1.2765
27.277
25.200
1.9392

82.29

81.80

82.15

82.88

83.16

*VALUE I S U.S. DOLLARS
**IN0EX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U . S .
DOLLAR AGAINST CURRENCIES OF OTHER G-10
COUNTRIES. MARCH 1973 = 100. HEIGHTS ARE 1972-76 GLOBAL TRADE OF EACH OF THE 10 COUNTRIES.
SERIES REVISED AS OF AUGUST 1978.
FOR DESCRIPTION AND BACK DATA, SEE "INDEX OF THE
WEIGHTED-AVERAGE EXCHANGE VALUE OF THE U . S . DOLLAR: REVISION" ON PAGE 700 OF THE AUGUST
1978 FEDERAL RESERVE BULLETIN.
THIS RELEASE I S NOW AVAILABLE THROUGH THE FACILITIES OF THE DEPARTMENT OF COMMERCE'S
ECONOMIC BULLETIN BOARD. FOR INFORMATION, CALL ( 2 0 2 ) 377-1986.