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Selected Interest & Exchange Rates NAfeekly Series of Charts JANUARY 19,1976 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D.C. 20551 t V 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 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 - 8. INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDEXES Chart 1 SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY 120 CANADIAN DOLLAR 100 FOREIGN CURRENCY PRICE OF U.S. D O L L A R 90 100 80 I 140 I I I I I I 80 JAPANESE Y E N t\ 140 FRENCH FRANC 120 i z 120 " \ 100 100 M i I i i i 11111111111 MIIIIIIIM 200 200 180 „ 160 SWISS FRANC G ERMA N MARK n J 140 L \ / A~/ 180 Ji / * w 160 J 140 120 / r 100 160 - 120 MIIIIIIIM 100 | | I I I I I I l l l l l l l l l l . 160 DUTCH GUILDER BELGIAN FRANC - 140 l 120 -/Vv 100 I I I X / — N I I I 120 - y - 100 I -| r - 120 U.K. POUND 100 120 I T A L I A N LIRA 100 \ v / I 80 140 v ~ I I I I I I 80 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY [NT PER ANNUM 6 /CANADIAN DOLLAR 0 6 I 1 I I > I )nlnliilnmli)lnln PER CENT PER ANNUM 6 12 SWISS FRANC U.K. POUND 0 G 12 12 —I [— GERMAN MARK _ DUTCH GUILDER 6 - 0 - 1 6 1 I f I 1 I — 6 FRENCH FRANC JAPANESE YEN 2 per cent on scale equals _ 1 per cent on all others 6 12 f A 0 : I l p I I I I I 1974 I v 11111111111 i li-t 11 M 111 1976 P R I C E O F G O L D IN L O N D O N AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE 210 12.5 Kg BARS - Afternoon fixing price 180 150 120 90 1974 1976 Chart 4 CALL MONEY RATES WEEKLY SERIES 15 OVERNIGHT EURO-DOLLARS JAPAN 10 5 U.S. FEDERAL FUNDS 0 20 20 U.K. 2 - D A Y LOCAL AUTHORITY FRANCE 15 15 NETHERLANDS 10 CANADA 5 0 20 20 EURO-SWISS FRANC GERMANY EURO-DM 1974 1976 1974 1976 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES 12 UNITED STATES CD's CANADIAN FINANCE CO. PAPER 8 16 U.K. INTERBANK STERLING GERMAN INTERBANK RATE 12 8 14 EURO-DOLLAR SWISS DEPOSIT RATE 10 6 JAPAN Monthly 1974 1976 1974 1976 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY PER 16 OVERNIGHT 3-MONTH 13 8 /% 16 7-DAY 6-MONTH 12 8 16 16 1-MONTH 1-YEAR 12 8 1974 1976 1974 1976 I Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY 3-MONTH Euro dollar deposits FEDERAL FUNDS 10 OVERNIGHT Euro dollar deposits 60-89 DAY CD's 5 - / 0 DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements Favors Borrowing in U.S. if 1974 Positive 1976 1974 1976 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: F L U S H , INDICATES FAVOR DOLLAR ASSETS PER CENT PER At, 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. A J \,Y 0 0 DIFFERENTIAL DIFFERENTIAL 5 5 \l\lf v 10 10 15 CANADIAN FINANCE CO. PAPER, COVERED E U R O - D O L L A R DEPOSITS 15 SWISS DEPOSITS (SF) COVERED 10 10 5 5 U.S. COMMERCIAL PAPER 0 0 DIFFERENTIAL 5 / \ DIFFERENTIAL I I I o \ I l l i n i u m 5 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES CANADA 9 UNITED STATES 7 5 12 , JAPAN \ Industrial 10 8 SWITZERLAND GERMANY 6 14 18 UNITED KINGDOM 12 FRANCE 10 8 NETHERLANDS 6 4 12 12 „ 10 U.S. CORPORATE Monthly - Aaa bonds U S. CORPORATE Monthly ,/a Euro-dollar bonds 8 Euro Dm bonds 6 1974 1976 1974 1976 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 180 UNITED STATES 100 60 45 140 400 300 100 UNITED KINGDOM JAPAN 200 60 100 35 240 140 180 100 SWITZERLAND CANADA 60 100 60 35 180 180 FRANCE General Index 100 100 GERMANY 60 60 45 45 1974 1976 1974 1976 V<7 SERIES NAME CHART 1 . SPOT E (CHANGE DATES' 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 JAN. JAM. JAtt* JAf». JAN* JAN. JAN. JAR. JAN. JAW. 14 14 1 kr $4 14 14 %4 14 14 14 86.34 117.85 140.55 135.51 84.56 106.94 124.36 167.92 127.30 91.49 JAN. JAN. JAN* JAN. JAB. JAN. JAN. 14 14 14 14 14 14 14 -3.99 -4.88 1.60 -0.91 3.73 0.23 -0.76 JAN. 14 134.27 J A N . 14 JAN. 14 JAN. 9 JAN. 2 9 JAW. JAN. 2 JAN. 9 9 JAN. JAN. 2 JAN. 2 4.76 4.97 10.00 8.75 3.50 3.27 7.50 6.38 5.13 2.06 JAN. JAN. OCT. JAN. JAN. JAN. JAN. 5.00 3.90 8.83 5.43 9.32 10.22 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. CHART 4 . DOLLAR PER FINE OUNCE 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 STERLINGSWISS DEPOSIT 14 14 14 14 14 14 t A S T VALUE PLOTTED DATE VALUE SERIES NAME CHART 6 . EURO-DOLL*= DEPOSIT RATES: LONDON 14 14 14 14 14 14 4.97 5.10 5.26 5.43 5.91 6 .65 J AH. 14 14 14 14 14 14 4.97 4.76 0.42 5.43 5.00 0.34 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON). COVERED DIFFERENTIAL JAN. JAN. JAN. 14 14 14 5.43 5.35 0.08 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL JAN. JAN. JAN. 14 14 14 5.15 5.34 -0.19 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL JAN. JAN. JAN. 14 14 14 5.43 5.70 -0.28 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL JAN. JAN. JAN. 14 14 14 5.43 8.73 -3.31 JAN. JAN. JAN. JAN. JAN. JAN. OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 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 . JAN. JAN. JAN. VI. .- . INTEREST ARBITRAGE. 3-MONTH FUNDS Y? 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 9 JAN. JAN. 2 DEC. JAN. 2 JAN. 2 DEC. 26 JAN. 2 JAN. 2 7.69 8.30 9.40 5.81 9.49 9.91 7.56 14.49 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . NOV. NOV. NOV. 8.78 8.03 8.70 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY 9 JAN. DEC. 26 JAN. 2 DEC. 19 JAN. 2 JAN. 2 9 JAN. 98,, 0 6 210 . 7 7 9 2 ., 3 4 104, . 4 1 9 1 ,. 6 6 7 0 , , 46 9 9 ., 0 7 F E D E R A L H .10 R E S E R V E s t a t i s t i c a l .. - r e l e a s e - JANUARY It , 1976 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JANUARY 16, 1976 The Board lot Governors |of t h e Federal Reserve System is advised t h a t the Federal Reserve Bank of New York has c e r t i f i e d f o r customs purposes t h e fol l ow i ng noon b u y i n g r a t e in New Y o r k City for cable t r a n s f e r s payable in f o r e i g n [ c u r r e n c i e s : COUNTRY AUSTRALIA AUSTRIA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH A F R I C A SPAIN S R I LANKA SWEDEN SWITZERLAND U N I T E D KINGDOM MONETARY UNIT JAN. DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE FSCUDO RAND PESATA RUPEE KRONA FRANC POUND 125.5500 125.6500 5.45000 5.43000 2.54550 , . 2^54400 . 98.8100 99.1000 16.2500 16.2000 26.1000 26.1000 22.3300 22.3400 38.3900 38.3600 11.2000 11.2000 203.1000 202.5000 0.14640 0.14620 0.32760 0.32770 38.6800 38.6400 8.0000 8.0000 37.40<10 . .... 3 2 . 4 0 0 0 . .. 104.0000 104.0000 17.9900 17.9800 3.6000 3.6700 114.8000 114.8000 1.6790 1.6755 12.9500 12.9500 22.8200 22.7500 38.3800 38.3600 203.1000 202.5000 12 JAN. 13 (RATE U . S . JAN. CENTS) 14 125.5500 5.43000 2.54500 99.3100 16.2300 25.9800 22.3700 38.4400 11.2000 202.7000 0.14630 0.32750 38.6200 8.0000 37._48.00 103.9400 18.0000 3.6600 114.8000 1.6750 12^9500 22.8100 38.4500 202.7000 JAN. 15 12 5 . 6 5 0 0 5.44000 2.54600 <>9 . 7 6 0 0 16.2500 2A.0500 22.3300 38.4300 11.2200 202.7500 0.14630 0.32760 33.A200 8.0000 37.4400 104.0400 IS.0000 3.6600 114.8000 1.6775 12.9500 22.8200 3 8.4400 202.7500 JAN. 16 : 125 .6,50 0 5.43000 2.54400 99.3600 16.2200 26.040 0 22.3000 38.4500 11.2000 202.9500 0 . 1 4 6 00 0.32760 38.7000, 6.000 0 37.4400 104.0200 18.0200 3 .6600 114.8000 1.6755 12.9500 22.8400 38.4500 202.9500
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