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Selected Interest & Exchange Rates Wteekly Series of Charts DECEMBER 6,1976 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION 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 Governor; 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 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 3> Chart 1 SPOT EXCHANGE RATES D O L L A R PRICES OF FOREIGN CURRENCIES A N D WEIGHTED AVERAGE V A L U E S (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY CANADIAN DOLLAR 100 90 •V f V 80 FOREIGN CURRENCY PRlCE OF U:S. DOLLAR / x - i,, Ci v - / I I I JAPANESE YEN j*\ FRENCH FRANC I /I. - / v - v^-~ l - i I M I I MIMIIIIII l Illllllllll - 160 v. 140 SWISS FRANC GERMAN MARK / ^ I - -/vV A ^ x J ' 7~ J ' \ I I , I I , ! I Illllllllll Illllllllll DUTCH GUILDER BELGIAN FRANC I I I I I I I iiliiliiln " l - l I I I I - ITALIAN LIRA U.K. POUND r I "\N i \ - I V Vv"-\v V | \ I II i i i - I I \ J . it \\ \ \ - \ V ^ - v w - I I I I I I Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+). OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY 6 CANADIAN DOLLAR 0 6 SWISS FRANC U.K. POUND 0 6 12 DUTCH GUILDER 12 GERMAN MARK 6 0 6 iilnliilii 6 JAPANESE YEN 2 per cent on scale equals 1 per cent on all others FRENCH FRANC 0 6 12 1974 1976 1974 1676 Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY 210 12.5 Kg BARS __ Afternoon fixing price 100 150 120 00 60 1074 1070 I Chart 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM OVERNIGHT 15 EURO-DOLLARS J JAPAN - U.S. FEDERAL FUNDS I 20 r 15 N " V lllllllllll MIMIMI,, FRANCE 15 X 4 \ r 5 0 I I I I 20 U.K. 2 - D A Y LOCAL AUTHORITY 10 I — 1 10 - - i i i I I I i i i 1 1 1 lllllllllll MIMIMIM 0 15 15 NETHERLANDS 10 CANADA - I ' I 10 s- 5 0 5 I I I ..I,.I,,I,, - J I flyv EURO—Df - 5 W | | I PfMI1111 ill 1111111 I I III EURO-SWISS FRANC GERMANY / 0 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER At CENT PER ANNUM UNITED STATES CD's CANADIAN FINANCE CO. PAPER 12 8 4 U.K. INTERBANK STERLING 16 12 e 4 10 EURO-DOLLAR SWISS DEPOSIT RATE 6 JAPAN Monthly 2 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY 16 OVERNIGHT 3-MONTH 12 4 "ll'llllll 16 6-MONTH 7-DAY 12 4 16 16 1-YEAR 1-MONTH 12 e 4 1974 1976 1974 1976 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 15 15 3—MONTH Euro-dollar deposits FEDERAL FUNDS OVERNIGHT Euro-dollar deposits 90 DAY CD's v DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements I I 1074 Borrowing in U.S. if Positive forFavors FRASER I I I I Digitized I I I I I I I Vv\,V \"Vx_y"*v' Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS PER ANNUM PER CENT PER 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 15 CANADIAN FINANCE CO. PAPER, COVERED 15 EURO-DOLLAR DEPOSITS SWISS DEPOSITS (SF) COVERED 10 10 5 5 U.S. COMMERCIAL PAPER 0 0 DIFFERENTIAL DIFFERENTIAL 5 1974 /v'Wv' iliiliiln 1976 1974 1976 S w Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES 9 CANADA UNITED STATES 7 5 e 12 JAPAN \ Industrial SWITZERLAND v 10 a GERMANY 6 14 12 18 UNITED KINGDOM FRANCE 10 8 NETHERLANDS 6 4 12 12 U.S. CORPORATE Monthly 10 U S. CORPORATE Monthly ,'\ Aaa bonds 8 Euro-dollar bonds Euro-Dm bonds 6 1974 1976 1974 1976 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES 180 UNITED STATES 100 60 45 " 140 400 300 V A x y - ) 100 UNITED KINGDOM 200 60 - 100 _L_L _L_L I I I I I M 240 35 I 180 — 140 - 100 - 60 SWITZERLAND X H CANADA 100 - 80 I I I I I I lllliililll lllliililll 180 180 FRANCE General Index 100 V 60 45 I I I I I Digitized forI FRASER - 100 - 60 lllliililll 45 GERMANY - I I I I I 1974 I n i l , l u l u 1976 SERIES NAME LAST VALUE PLOTTED DATE VALUE 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 DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. DEC. 1 1 1 1 1 1 1 1 1 1 91.22 121.50 152.03 144.15 68.83 105.53 111.18 178.85 136.00 72.12 CHART 2 . 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN -3.91 -10.79 0.53 -6.79 2.73 DEC. DEC. DEC. DEC. DEC. DEC. DEC. -2.11 -0.59 CHART 3 . GOLD PRICE I N LONDON U.S. DOLLAR PER FINE OUNCE DEC. 1 130.28 DEC. DEC. NOV. NOV. NOV. NOV. DEC. NOV. NOV. NOV. 1 1 26 12 26 19 3 26 19 19 4.78 4.81 15.25 9.15 4.80 4.75 7.00 10.88 8.30 0.88 DEC. DEC. SEPT. DEC. DEC. DEC. DEC. 1 1 4.50 4.72 8.21 5.18 8.55 14.79 4.00 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 1 1 1 1 LAST VALUE PL0TTE&1 DATE VALUE $ SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7—DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR CHART 7 . SELECTED EURO-DOLLAR AND U . S . DEC. DEC. DEC. DEC. DEC. DEC. 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 CHART 8 . DEC. DEC. DEC. DEC. DEC. DEC. INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING CLONDON 1 , COVERED DIFFERENTIAL DEC. DEC. DEC. U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL DEC. DEC. DEC. EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL DEC. DEC. DEC. EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL DEC. DEC. DEC. 4.81 4.78 4.86 5.18 5.41 5.74 1 1 1 1 1 1 4.81 4.78 0.23 5.18 4.50 0.61 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 NOV. NOV. AUG. NOV. NOV. NOV. NOV. NOV. 26 26 19 12 19 19 26 7.12 7.21 8.72 4.42 9.05 10.68 8.15 14.65 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . OCT, OCT. OCT. 8.32 7.15 7.82 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY NOV. NOV. NOV. OCT. NOV. NOV. NOV. 26 12 19 29 12 26 26 106.75 230.16 88.89 88.72 73.51 66.06 89.92 # # F E D E R A L 8,10 R E S E R V E statistical FOREIGN EXCHANGE RATES FOR THE WEEK ENDING DECEMBER 3, r e l e a s e _ _ DECEMBER 6, 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 SRI LANKA SWEDEN SWITZERLAND UNITED KINGDOM (RA1FE U . S . CENTS DEC. 1 MONETARY UNI1 NOV. 29 NOV. 3 0 DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCODO RAND PESATA RUPEE KRONA FRANC POUND 101.5000 5.86000 2.72100 97.6700 17.0300 26.1700 20.0300 41.6000 11.2000 164.8400 0.11550 0.33820 39.5100 4.1500 39.8300 90.5000 19.1400 3.1600 114.8500 1.4639 11.5000 23.8800 40.9500 164.8400 100.9900 5.85000 2.72050 96.5800 16.9900 26.1700 20.0200 41.5800 11.2000 165.1000 0.11550 0.33660 39.4900 4.4000 39.8700 90.1300 19.0700 3.1500 114.8500 1.4635 11.5000 23.8500 40.9000 165.1000 100.8700 5.83000 2.71930 96.6700 16.9500 26.1500 20.0100 41.4100 11.2000 166.2300 0.11550 0.33680 39.4600 4.6500 39.7700 89.9900 19.0700 3.1700 114.8500 1.4633 11.5000 23.8400 40.7700 166.2300 DEC. 2 100.9500 5.83000 2.71350 97.2200 16.9300 26.1400 20.0000 41.4300 11.2000 166.3500 0.11550 0.33690 39.4800 4.5500 39.7600 90.3500 19.0500 3.1600 114.8500 1.4622 11.5000 23.8300 40.7400 166.3500 DEC. 3 100.5600 5.85000 2.72000 97.4700 16.9900 26.1300 19.9800 41.5400 11.3500 166.2700 0.11550 0.33570 39.4400 4.8100 39.8500 90.1700 19.0800 3.1600 114.8500 1.4625 11.2000 23.8600 40.7500 166.2700
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