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UBS?.# FEB 1 ° 1976 OF BiCHWOI® Selected Interest & Exchange Rates Weekly Series of Charts FEBRUARY 9,1976 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 Governors of the Federal Reserve System in a form collectible at par in U.S. Currency. 2. DAILY CERTIFIED SPOT EXCHANGE RATESHI.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 8. INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDEXES X 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 r=Ciocf 90 120 CANADIAN DOLLAR 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 100 80 80 140 JAPANESE YEN 140 FRENCH FRANC 120 120 100 100 I I 1 lllllllll 200 200 180 160 „ GERMAN MARK SWISS FRANC - J1 /_ / V x 140 /VV 1 y/VVZ V 140 J , v ' v / - z 120 ' l 100 160 160 J\ / r, / 180 a / \ Z ^ - 120 IIIIIIIIIM 100 . I ! 1 I I 1 IILIILIILII 160 DUTCH GUILDER BELGIAN FRANC 140 140 120 120 100 100 120 120 U.K. POUND ITALIAN LIRA 100 100 80 80 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT 6 — CANADIAN DOLLAR 0 6 6 U.K. POUND SWISS FRANC 0 6 12 12 12 GERMAN MARK DUTCH GUILDER 6 0 6 6 JAPANESE YEN 2 per cent on scale equals 1 per cent on all others FRENCH FRANC 0 6 24 12 1974 1976 1974 1976 Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE 210 - 12.5 Kg BARS Afternoon fixing price 180 120 90 60 1974 1976 Chart 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER Af 1£ /ERNIGHT 15 EURO-DOLLARS J 1C 10 JAPAN c I I I I I 5 - FEDERAL FUNDS I II I II 0 20 2C U.K. 2 - D A Y LOCAL AUTHORITY FRANCE : V\ 15 10 15 10 5 5 0 I I I I I I 11111111111 10 0 15 15 NETHERLANDS CANADA 10 5 5 0 0 20 20 EURO-SWISS FRANC 15 15 * GERMANY 10 10 5 5 0 EURO-DM 5 0 S 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 12 8 4 14 EURO-DOLLAR SWISS DEPOSIT RATE 10 6 JAPAN Monthly 1974 1976 1974 1976 Chart 6 EURO-DOLLAR DEPOSIT RATES London c AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER At CENT PER ANNUM 16 16 OVERNIGHT 3-MONTH 12 12 8 8 4 4 16 16 7-DAY 6—MONTH 12 12 8 8 4 4 16 16 1-MONTH 1-YEAR 12 12 8 8 4 4 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY 15 3-MONTH Euro-dollar deposits FEDERAL FUNDS 10 OVERNIGHT Euro-dollar deposits 5 90 DAY CD's 0 DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1974 Favors Borrowing in U.S. if Positive FRASER Digitized for 1976 1974 1976 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS ENT PER ANNUM PER CENT PER Ah 20 15 20 INTERBANK DM Covered Frankfurt NTERBANK STERLING Covered London 15 EURO-DOLLAR DEPOSITS 10 10 EURO-DOLLAR DEPOSITS 5 \h i 5 ll A h / f 0 0 DIFFERENTIAL V; W DIFFERENTIAL 5 5 10 10 I 15 I 1)111 l l l l l 1 lllllll CANADIAN FINANCE CO. PAPER, COVERED I n i l il ii h i 1 i l l ii h EURO-DOLLAR DEPOSITS 15 SWISS DEPOSITS (SF) COVERED 10 10 5 5 U.S. COMMERCIAL PAPER 0 ' 0 W\ ii\ i ^ \ DIFFERENTIAL DIFFERENTIAL 5 I I I llllllllllll M I I I I I II I I 1 111 1 M i l l i l l l l l I I I 111! II 5 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES CANADA 9 UNITED STATES 7 5 12 ^ JAPAN \ Industrial 10 8 SWITZERLAND GERMANY 6 18 14 UNITED KINGDOM 12 FRANCE 10 8 NETHERLANDS 6 4 12 12 . 10 U.S. CORPORATE Monthly _ U.S. CORPORATE Monthly Euro-dollar bonds Aaa bonds 8 Euro-Dm bonds 6 1974 1976 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES UNITED STATES ( V/ I I l I l I - | 400 I - • 140 300 V A r v O • 100 UNITED KINGDOM JAPAN z \ 200 60 — I 100 I I L 180 - - X CANADA / - I 60 I I M JMIhImIm I 35 I I — XH - SWITZERLAND - I I I I I I I FRANCE General Index - - ' 60 - I I I I I I I I 1974 I I I I I I I I 11111111111 I 1976 140 100 60 I I I I I I I I I I I -1 - 45 I I - 180 100 I -1 100 I 11111111111 I _L 240 180 -V GERMANY 100 * - - I I I I I 1974 I 60 11111 l i 1111 I I I I I I I I I I I45 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 I T A L I A N LIRA CHART 2 . LAST VALUE PLOTTED DATE VALUE FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. 4 4 4 4 4 4 4 4 4 4 87.02 118 . 9 0 141.95 135 * 9 8 84.56 108.17 124.32 168.79 127.70 82.44 FEB. FEB. FEB. FEB. FEB. FEB. FEB. 4 4 4 4 4 4 4 -3.61 -4.9 5 1.76 -2.89 4.20 1.05 0.16 FEB. 4 129.72 FEB. FEB. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 4 4 30 30 30 23 30 30 23 23 4.82 4.80 10.13 8.75 3.50 3.70 7.00 6.50 4.28 0.57 FEB. FEB. DEC. FEB. FEB. FEB. FEB. 4 4 4.88 3.88 8.51 5.29 9.07 9.43 5.00 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN 3 . GOLD PRICE I N LONDON U.S. DOLLAR PER FINE OUNCE 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 5. 3-MONTH INTEREST KATES U . S . CD'S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-LOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT 4 4 4 4 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON 4 4 4 4 4 4 4.80 5.41 5.01 5.29 5.91 6.68 FEB. FEB. FEB. FEB. FEB. FEB. 4 4 4 4 4 4 4.80 4.82 0.18 5.29 4.88 0.32 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL FEB. FEB. FEB. 4 4 4 5.29 4.48 0.81 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL FEB. FEB. FEB. 4 4 4 5.00 5.47 -0.47 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL FEB. FEB. FEB. 4 4 4 5.29 5.64 -0.36 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL FEB. FEB. FEB. 4 4 4 5.29 9.20 -3.92 OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 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 \4 SERIES NAME CHART 9 . LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. JAN. JAN. DEC. JAN. JAN. JAN. JAN. JAN. 30 23 30 30 23 23 16 7 .81 8 .02 9 .40 5 .40 9 .29 9 .90 7 .30 13 . 3 9 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 JAN. JAN. JAN. JAN. JAN. JAN. JAN. 30 23 23 2 16 23 23 104 . 2 5 224 . 1 7 100 . 8 3 108 . 0 3 96 . 0 5 72 . 3 4 97 . 8 5 -jgjjfc. F E D E R A L RESERVE stotisticol H.io release FEBRUARY fc, 197b FEB. 6 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING FEBRUARY 6, 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 UNITED KINGDOM MONETARY UNIT FEB. 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 125.6000 5.46000 2.56580 100.0600 16.2900 26.0900 22.4300 38.9400 11.2200 202.8500 0.13070 0.32980 38.8700 8.0000 37.6200 104.1000 18.1100 3.6500 114.8000 1.6725 12.9800 22.9500 38.9400 202.8500 2 FEB. 3 (RATE U . S . FEB. 125.7500 5.46000 2.55750 100.1600 16.2800 26.0900 22.4200 38.8800 11.2200 202.7600 0.13050 0.33030 38.8700 6.0000 37.6200 104.2500 18.0900 3.6600 114.8000 1.6715 12.9800 22.9200 38.6100 202.7600 CENTS) 4 125.7000 5.46000 2.55550 100.2000 16.2700 26.0800 22.4400 38.9400 11.2200 203.1100 0.13230 0.33270 38.9100 8.0000 37.5900 104.1900 18.1000 3.6600 114.8000 1.6715 12.9800 22.9300 38.5800 203.1100 FEB. 5 126.1000 5.46000 2 . 5 4 8 50 100.3600 16.2600 26.1000 22.3800 38.8500 11.2200 202.8000 0.13230 0.33270 38.9800 8.0000 37.5300 104.4000 18.0900 3.6600 114.8000 1.6700 12.9800 22.6800 36.5700 202.8000 125.9500 5.45000 2 . 5 4 4 50 100.4100 16.2300 26.0900 22.3200 38.8200 11.2000 202.6500 0.13360 0.33180 38.9300 8.0000 37 . 4 5 0 0 104.4000 18.0700 3.6600 114.8000 1.668b 12.9500 22.8700 38.5400 202.6500
@FedFRASER