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Selected Interest &
Exchange Rates
Weekly Series of Charts
FEBRUARY 17
DIVISION OF
INTERNATIONAL FINANCE
Prepared by the
FINANCIAL MARKETS
SECTION
BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
Washington, D.C. 20551
1
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
Governors of the Federal Reserve System in a form
collectible at par in U.S. Currency.
2. D A I L Y CERTIFIED SPOT
EXCHANGE RATES
H.10 RELEASE
CHARTS
1. SPOT EXCHANGE RATE INDEXES
2. 3-MONTH FORWARD EXCHANGE RATES
3. GOLD PRICE LONDON
4. C A L L MONEY RATES
5. 3-MONTH INTEREST RATES
6. EURO DOLLAR DEPOSIT RATES
7. SELECTED EURO DOLLAR A N D
U.S. MONEY MARKET RATES
8. 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 O F F O R E I G N C U R R E N C I E S A N D W E I G H T E D A V E R A G E V A L U E S ( D A S H E D L I N E )
A V E R A G E S FOR W E E K E N D I N G W E D N E S D A Y
120
CANADIAN DOLLAR
100
FOREIGN CURRENCY
PRICE OF U.S. DOLLAR
90
100
80
80
140
JAPANESE YEN
140
FRENCH FRANC
120
120
100
100
I
I
I
I i i I i i I i i I i i
200
-
-
-
-
180
,
GERMAN MARK
£
I
140
120
100
160
fr<
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i
i
A-/
T
ifS
\
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I
IIIIIJ 1111
1 1 1
r
, r
i
/
- V
i
M
140
J
K/
r ~'
I
y
I
160
i
-
180
SWISS FRANC
I
160
M
200
—
-
i
lllllllllll
120
100
160
DUTCH GUILDER
-
BELGIAN FRANC * / V ~ >
V
J —
I
I
120
z
x
100
I
I
/ V x
I
J
~ / ^
i
120
140
•M
w \/
140
I
I
I
lllllllllll
I
iiliiliilii
120
100
120
U.K. POUND
100
100
\
"
80
"
ITALIAN LIRA
V /
II
I[
-
80
\
I
I
I
I
I
1974
I
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1976
I I
Chart 2
3-MONTH FORWARD EXCHANGE RATES
PREMIUMS {+), OR DISCOUNT ( - )
AVERAGES FOR WEEK ENDING WEDNESDAY
6
CANADIAN DOLLAR
0
6
6
U.K. POUND
SWISS FRANC
0
6
12
12
12
GERMAN MARK
DUTCH GUILDER
6
0
liil
6
6
FRENCH FRANC
JAPANESE YEN
2 per cent on scale equals
1 per cent on all others
0
6
12
84
1974
1976
1974
1976
Chart 3
PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
210
12.5 Kg BARS
Afternoon fixing price
180
150
120
60
1974
1976
Chart 4
CALL MONEY RATES
WEEKLY SERIES
PER CENT PER A
IT PER ANNUM
OVERNIGHT
EURO-DOLLARS
r -
15
10
JAPAN
I
I
I
I
I
I
I
5
"
U. S. FEDERAL FUNDS
I
iLll
I
I
I
I
I
0
SO
U.K. 2 - D A Y LOCAL A U T H O R I T Y
FRANCE
15
"
10
/
5
i
i
i
I
I
0
I
15
NETHERLANDS
-
CANADA
10
5
V
I
I
I
I
I
11 i W w
11111111111111
0
20
EURO-SWISS FRANC
15
GERMANY
10
5
EURO-DM
0
5
Chart 5
3-MONTH INTEREST RATES
W E E K L Y SERIES
12
U N I T E D STATES CD's
C A N A D I A N F I N A N C E CO. PAPER
8
16
U.K. I N T E R B A N K
STERLING
G E R M A N I N T E R B A N K RATE
12
8
4
EURO-DOLLAR
SWISS DEPOSIT RATE
10
6
JAPAN
Monthly
1974
1976
1974
1976
Chart 6
EURO-DOLLAR DEPOSIT RATES London
A V E R A G E S FOR WEEK ENDING W E D N E S D A Y
PER
16
3-MONTH
OVERNIGHT
12
8
4
16
16
6-MONTH
7-DAY
12
w\
8
4
16
16
1-YEAR
1-MONTH
12
8
4
1974
1976
1974
1976
Chart 7
SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES
A V E R A G E S FOR WEEK ENDING WEDNESDAY
3-MONTH
Euro-dollar deposits
F E D E R A L FUNDS
10
OVERNIGHT
Euro-dollar deposits
9 0 D A Y CD's
5
0
DIFFERENTIAL
Adjusted for reserve requirements
DIFFERENTIAL
Adjusted for reserve requirements
1974
Favors Borrowing in U.S. if Positive
1976
1974
1976
Chart 8
INTEREST ARBITRAGE: 3-MONTH FUNDS
A V E R A G E S FOR WEEK ENDING W E D N E S D A Y
D I F F E R E N T I A L : PLUS(+), INDICATES F A V O R D O L L A R ASSETS
PER CENT PER AN
£NT PER ANNUM
20
20
I N T E R B A N K DM
Covered Frankfurt
I N T E R B A N K STERLING
Covered London
15
15
EURO-DOLLAR
DEPOSITS
10
10
EURO-DOLLAR
DEPOSITS
5
5
\N
r ' y
0
• ;
DIFFERENTIAL
fV
0
/\
^
DIFFERENTIAL
5
5
V-
10
I
15
C A N A D I A N FINANCE CO. PAPER. COVERED
I
I
10
lulu
_L_L
15
E U R O - D O L L A R DEPOSITS
SWISS DEPOSITS (SF)
COVERED
10
10
5
5
U.S. C O M M E R C I A L PAPER
0
0
DIFFERENTIAL
5
I
I
I
L_L_L
'
DIFFERENTIAL
V
V
5
Chart 9
LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES
PER CENT PER A
-NT PER ANNUM
CANADA
-
-
10
UNITED STATES
8
-
I
I
I
I
I
6
I
9
12
JAPAN
I Industrial
10
8
SWITZERLAND
7
5
GERMANY
6
3
14
18
UNITED KINGDOM f
12
16
FRANCE
10
14
\
8
12
NETHERLANDS
6
10
I
4
I
I
I
I
I
Illllllllll
12
10
8
12
U.S. CORPORATE
Monthly
Aaa bonds
-
U.S. CORPORATE
Monthly
O
Euro-dollar bonds
8
Euro-Dm bonds
6
10
8
6
Chart 10
INDUSTRIAL STOCK INDEXES
WEEKLY SERIES '
1969=100
180
UNITED STATES
100
60
45
400
140
300
100
UNITED KINGDOM
JAPAN
200
60
100
35
240
140
180
100
SWITZERLAND
CANADA
60
100
80
35
180
180
FRANCE
General Index
100
GERMANY
60
60
45
45
1974
1976
1974
1976
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
ITALIAN LIRA
CHART 2 .
LAST VALUE PLOTTED
DATE
VALUE
FEB.
FEB.
FEB.
FEB.
FEB.
FEB,
FEB.
FEB.
FEB.
FEB.
11
11
11
11
11
11
11
11
11
11
86.79
119.72
143.01
135.94
84.49
108.55
124.24
169.62
127.52
82.86
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
11
11
11
11
11
11
11
-3.73
-4.07
2.06
-3.97
4.22
1.95
0.31
FEB.
11
129.96
FEB.
FEB.
FEB.
FEB.
FEB.
JAN.
FEB.
FEB.
JAN.
JAN.
11
11
6
6
6
30
6
6
23
30
4.73
5.05
9.00
8.75
3.30
3.44
7.00
6.75
4.28
0.42
FEB.
FEB.
DEC.
FEB.
FEB.
FEB.
FEB.
11
11
5.13
3.76
8.51
5.48
9.10
9.10
5.00
3-MONTH FORWARD EXCHANGE RATES
CANADIAN DOLLAR
U . K . POUND
GERMAN MARK
FRENCH FRANC
SWISS FRANC
DUTCH GUILDER
JAPANESE YEN
CHART 3 . 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
11
11
11
11
1
SERIES NAME
LAST VALUE PLOTTED
DATE
VALUE
CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON
OVERNIGHT
7-DAY
1-MONTH
3-MONTH
6-MONTH
1-YEAR
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
11
11
11
11
11
5.05
4.66
5.04
5.48
6.11
11
6.76
11
11
11
11
11
11
5.05
4.73
0.53
5.48
5.13
0.25
EURO-DOLLAR DEPOSIT
INTERBANK STERLING (LONDON), COVERED
DIFFERENTIAL
FEB. 1 1
FEB. 11
FEB. 1 1
5.48
5.03
0.45
U . S . COMMERCIAL PAPER
CANADIAN FINANCE CO. PAPER, COVERED
DIFFERENTIAL
FEB. 1 1
FEB. 1 1
FEB. 1 1
5.13
5.37
-0.24
EURO-DOLLAR DEPOSIT
INTERBANK DM (FRANKFURT), COVERED
DIFFERENTIAL
FEB. 11
FEB. 1 1
FEB. 1 1
5.48
5.82
-0.34
EURO-DOLLAR DEPOSIT
SWISS DEPOSIT ( S F > , COVERED
DIFFERENTIAL
FEB. 11
FEB. 1 1
FEB. 11
5.48
9.22
-3.74
CHART 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
CHART 8 .
FEB.
FEB.
FEB.
FEB.
FEB.
FEB.
INTEREST ARBITRAGE, 3-MONTH FUNDS
SERIES NAME
CHART 9 .
LONG TERM GOVERNMENT BOND Y I E L D S
UNITED STATES
GERMANY
JAPAN (MONTHLY)
SWITZERLAND
CANADA
FRANCE
NETHERLANDS
UNITED KINGDOM
U.S.
FEB.
JAN.
DEC.
FEB.
FEB.
JAN.
JAN.
JAN.
6
30
6
6
23
30
30
7 .84
8 .03
9 .40
5 .35
9 .27
9 .90
7 .30
12 . 9 0
CORPORATE
AAA BONDS
EURO-DM BONDS
EURO-DOLLAR BONDS
CHART 1 0 .
LAST VALUE PLOTTED
DATE
VALUE
DEC.
DEC.
DEC.
8.79
7.99
8.52
INDUSTRIAL STOCK INDEXES
UNITED STATES
JAPAN
CANADA
FRANCE
UNITED KINGDOM
SWITZERLAND
GERMANY
FEB.
JAN.
JAN.
JAN.
JAN.
FEB.
JAN.
6
30
30
2
30
6
30
105 . 4 8
225 . 6 5
101 .58
108 • 0 3
99 • 4 3
74 . 2 2
99 . 0 7
F E D E R A L
H
R E S E R V E
stotisticd.i
r e i . o s e
A
"1Q
FEBRUARY 1 7 *
1976
FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING
FEBRUARY 1 3 ,
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 tor 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
UNITED KINGDOM
MONETARY
UNIT
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
FEB.
9
125.9200
5.45000
2.54650
100.4400
16.2500
26.1200
22.3300
39.0800
11.2000
202.8000
0.13300
0.33250
38.8900
8.0000
37.4900
104.2300
18.0900
3.6700
114.8000
1.5015
12.9500
22.8800
38.8200
202.8000
FEB.
10
(RATE U . S . CENTS)
FEB. 11
126.0200
5.44000
2.55000
100.4200
16.2600
26.1000
22.3500
39.1700
11.2000
202.6500
0.13250
0.33260
38.9500
8.0000
37.5800
104.3500
18.1100
3.6600
114.8000
1.5025
12.9500
22.8700
38.8400
202.6500
126.0500
5.47000
2.56300
100.4200
16.3600
26.1400
22.4600
39.4500
11.2000
202.9600
0.13150
0.33320
38.9400
8.0000
37.7100
104.3500
18.1800
3.6700
114.8000
1.5175
12.9500
22.9200
39.1700
202.9600
F E B . 12
H
0
L
I
D
A
Y
F E B . 13
126.1000
5.48000
2.55800
100.3800
16.2900
26.1500
22.3300
39.2600
11.1800
202.4500
0.13020
0.33250
38.9000
8.0000
37.7100
104.4000
18.1200
3.6700
114.7500
1.5095
12.9500
22.8000
39.2000
202.4500
@FedFRASER