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Selected Interest & Exchange Rates XAfeekly Series of Charts FEBRUARY 2,1976 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 Table erf Contents TABLES SUBSCRIPTION RATES: 1. LATEST FIGURES PLOTTED 2. DAILY CERTIFIED SPOT EXCHANGE RATES-H.10 RELEASE 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. 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 8. INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDEXES Chart 1 SPOT EXCHANGE RATES 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 ( D A S H E D LINE) 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 FOREIGN CURRENCY PRICE OF U.S. D O L L A R 90 » j - 100 i \ / - w I 140 120 CANADIAN DOLLAR 100 80 SCALE I I 80 JAPANESE Y E N h FRENCH FRANC 140 - 120 120 - ' ~ 100 z 100 Mil' M I l l l l l l l l l l l l l l l l l l l l l l 200 200 - 180 180 SWISS F R A N C 160 GERMAN MARK 160 I 140 - 120 U ' - r | ' " T I 100 160 I I ' I ' I I 140 120 ' I 100 * 160 DUTCH GUILDER BELGIAN FRANC 140 140 -J - 120 100 i i i I i i i I I I II I'll I I I 120 100 120 120 ITALIAN LIRA 100 100 80 80 Chart 2 3 - M O N T H 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 6 6 FRENCH FRANC JAPANESE YEN 2 per cent on scale equals 1 per cent on all others 0 6 12 1974 1976 1976 i Chan 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY — 810 12.5 Kg BARS Afternoon fixing price 180 150 120 60 30 1974 1976 Chart 4 CALL MONEY RATES WEEKLY SERIES PER PER CENT PER Al T PER ANNUM 15 15 OVERNIGHT EURO-DOLLARS JAPAN 10 5 0 10 5 U. S. FEDERAL FUNDS i i i I i i I 0 20 20 U.K. 2 - D A Y LOCAL AUTHORITY 15 FRANCE - - \ I 10 15 10 5 5 I 0 I I I 11111111111 M 111111111111 M I MI I I I 0 I 15 15 NETHERLANDS 10 - CANADA 5 10 5 V 0 20 i i I I I 11 I W i l l 111111 m 111111 0 20 EURO-SWISS FRANC 15 15 H GERMANY 10 10 5 5 l 0 l EURO-DM 5 0 5 1 Charts 3-MONTH INTEREST RATES WEEKLY SERIES PER PER CENT PER ANNUM •NT PER ANNUM UNITED STATES CD's 12 CANADIAN FINANCE CO. PAPER 8 4 i ir 1 1 1 lllllllllllllllllllllll U.K. INTERBANK STERLING 16 12 8 4 lllllllllllllllllllllll 14 EURO-DOLLAR SWISS DEPOSIT RATE 10 6 JAPAN Monthly Chart 6 EURO-DOLLAR DEPOSIT RATES L o n d o n AVERAGES FOR WEEK ENDING WEDNESDAY 16 3-MONTH OVERNIGHT 12 8 16 16 7-DAY 6-MONTH 1-MONTH 1-YEAR 16 16 12 8 4 1974 1976 1974 1976 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY 15 r ~ 3-MONTH Euro-dollar deposits FEDERAL FUNDS 10 OVERNIGHT Euro-dollar deposits 90 DAY CD's 5 V 0 DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1974 Favors Borrowing in U.S. if Positive '-vV 1976 1974 1976 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUSW, INDICATES FAVOR DOLLAR ASSETS PER PER CENT PER AN ENT PER ANNUM 20 20 15 INTERBANK DM Covered Frankfurt INTERBANK STERLING Covered London 15 EURO-DOLLAR DEPOSITS 10 10 5 EURO-DOLLAR DEPOSITS 5 V ' '/VV'V' 0 0 DIFFERENTIAL DIFFERENTIAL 5 5 vf 10 15 10 15 EURO-DOLLAR DEPOSITS ' CANADIAN FINANCE CO. PAPER, COVERED SWISS DEPOSITS (SF) COVERED 10 10 5 5 U.S. COMMERCIAL PAPER 0 0 i A I x V v a , V M / W " ' DIFFERENTIAL 5 I I I llllllllllll DIFFERENTIAL I I I i I I I V u iiiiiiiiiiini 5 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES CANADA 9 UNITED STATES 7 5 12 JAPAN \ Industrial SWITZERLAND k 10 8 GERMANY 6 14 18 UNITED KINGDOM 12 FRANCE 10 8 NETHERLANDS 6 11111111111 4 12 12 . 10 U.S. CORPORATE Monthly _ U.S. CORPORATE Monthly Aaa bonds 8 Euro-dollar bonds Euro-Dm bonds 6 1974 1976 Chart 10 ' INDUSTRIAL STOCK INDEXES WEEKLY SERIES 1969=100 180 UNITED STATES 100 60 45 140 400 300 100 UNITED KINGDOM JAPAN 200 100 35 240 140 180 100 SWITZERLAND CANADA 60 100 180 180 FRANCE General Index 100 100 GERMANY 60 11111 LH I 45 1974 1976 1974 1976 SERIES NAME LAST VALUE. PLOTl GATE VALUE CHART 1 . SPOT EXCHANGE RATES U . S . DOLLAR, WEIGhTcD AVERAGE: JAPANESE YEN GERMAN MARK DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FPFNCH FKANC SWISS FRANC BELGIAN FKANC I T A L I A N LIRA CHART 2 . 28 28 26 28 26 28 28 28 28 26 86.9S 119.48 140.62 135.50 86.36 108.06 123.64 167.96 127.13 85.36 JAN. JAN. JAN. JAN. JAN. JAN. JAN. 28 26 28 26 28 28 28 -2.59 -5.09 1.71 -3.03 4.16 0.60 0.13 J A N . 28 127.03 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN CHART 3 . JAN. VAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. GOLD PRIC5 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-CM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5 . JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 28 28 23 it 23 16 23 23 16 16 4 .80 4 .76 10 . 0 0 8 .75 3 .70 3 .60 7 .00 6 .38 3 .78 0 .49 JAN. JAN. NOV. JAN. JAN. JAN. JAN. 28 28 4.88 3.84 8.72 5.48 9.22 9.91 5.00 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 28 28 28 28 .AST VALUE PLOTTED DATE VALUE SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT RATfcS: LONDON OVERNIGHT 7-DAV 1-KUNTK 3-MONTH 6-MGNTH 1-YEAR 28 28 28 26 28 28 4.76 5.06 5.29 5.48 &.05 6*74 28 28 26 28 28 28 4.76 4.80 0.16 5.48 4.88 0.52 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL J A N . 2E J A N . 28 J A N . 28 5.48 4.82 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL ' JAN. /Z JAN. 28 J A N . 26 5.63 —O . 6 0 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL J A N . 28 JAN. 28 J A N . ?6 5.48 5.55 •<'.07 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL J A N . 28 J A N . 28 J A N . 28 5.48 9.V -3.69 CHART 7 . SELECTED EURO-DOLLAR AMD U . S . ,AN. JAN. JAN. JAN. JAN. JAN. MONEY MARKET RAT S 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 1 6 0 - 8 9 DAYS ) DIFFERENTIAL A O J . FOR RESERVE REQUIREMENTS CHART E . JAN. JAN. JAN. JAN. JAN. JAN. INTEREST ARBITRAGE, 3—MONTH FUNDS 0.66 !..r? L f S T VALUE PLOTTED DATE VALUE S E M E S NAMS CHART *> • LONG TERM GOVERNMENT BOND YIELDS JAN. JAN. rue. VAN. JAN. JAN. JAN. JAN. UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM 23 16 9 16 16 16 16 7 .77 8 .04 9 .'-0 5.86 9.44 9 ,. 9 1 7 .. 3 7 13,• 39 U . S . CORPORATE DEC. (EC. DEC. AAA BONDS EURO-DM BONOS EURO-DOLLAR BONDS CHART 1 0 . 8.79 7.99 8.52 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCe UNITED KINGDOM SWITZERLAND GERMANY a JAN. DEC. JAN. ;AN. /AN. JAN. JAN. 23 26 16 2 16 23 16 103.02 210.77 98.59 10ft.03 96.05 72.34 98.60 0# FEDERAL ~ RESERVE statisticol ~ H* 10 release JANUARY 3 0 , 1976 FOREIGN EXCHANGE RATES FOR THfc WEEK ENDING JANUARY 3 0 , 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 MA LAYS1A MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN SRI LANKA SWEDEN SWITZERLAND UNITED KINGDOM IRATE U . S . CENTS) J A N . 28 MONETARY UNIT JAN. i b JAN. DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PES b GUILDER DOLLAR KRONE ESCUDO RAND PESATA RUPEE KRONA FRANC POUND 125.8000 5.43000 2.54350 100.0800 16.2300 26.0300 22.3100 38.4200 11.1500 202 *,5200 0.13660 0.32920 38.7200 8.0000 37.4200 104.0000 17.9900 3.6500 114.8000 1.6715 12.'9500 22.8600 33.4200 202.5200 125.6000 5.43000 2.54200 99.9500 16.2200 26.0300 22.2900 3 8 . <*400 11.1500 202.oOOO 0.13710 0.32930 38.8000 8.0000 37.4300 104.0200 17.9900 3.6600 114.8000 1.6730 12.9500 22.8300 38.4200 202.6000 27 125.9500 5.44000 2.54500 100.0000 16.2100 26.0400 22.2800 38.4300 11.1500 202.8700 0.13580 0.32940 38.8000 8.0000 37.4800 104.6000 17.9900 3.6600 114.6000 1.6730 12.9500 22.8200 38.4200 202.8700 JAN. 29 J A N . 30 125.6500 5.43000 2.54450 99.9700 16.2100 26.0100 22.3000 38.5300 11.1500 203.0000 0.13450 0.32930 38.8000 8.0000 37.4900 104.1000 17.9700 3.6500 114.8000 1.6715 12.9500 22.8000 38.4300 203.0000 125.6300 5.44000 2.54700 99.8900 16.2 500 26.0400 22.3200 38.6300 11.2200 202.9500 0.13150 0 . 3 2 9 30 38.8700 8.0000 37.4900 104.1800 18.0200 3.6600 114.8000 1.672 5 12.9800 22.8400 38.4300 202.9500
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