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Selected Interest & Exchange Rates Weekly Series of Charts JANUARY 26, 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 $75.00 per year or $.40 each m 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 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 CANADIAN DOLLAR 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR . 90 Vx 80 / I l u l _ j T JAPANESE YEN FRENCH FRANC L v P " I /^\ / x •f C - - I I I I I — r - -GERMAN MARK ' i I 140 , t - SWISS FRANC I 160 - _ sJ J 7 - / '7 I I 160 i i i r . i i i i i i i h . 1 | I I I I I i i l i i l n l i i I DUTCH GUILDER MIMIMIM - BELGIAN FRANC 140 I I I I I j ^ | y - y 100 j • I I I "V""- / V \ i i i I i i i I I I I I I I I I I I11111111111 120 U.K. POUND I I T A L I A N LIRA i — I I I I I I s I II111111111111111 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY :NT PER ANNUM 6 CANADIAN DOLLAR 0 s PER CENT PER ANNUM 6 12 U.K. POUND SWISS FRANC 0 6 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 r - y t : ; I I I I I i 1971 i 1976 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY US. DOLLARS PER FINE OUNCE 210 12.5 Kg BARS „ Afternoon fixing price 180 150 120 90 60 1974 1976 Chart 4 CALL MONEY RATES WEEKLY SERIES 15 OVERNIGHT EURO-DOLLARS JAPAN 10 5 U.S. FEDERAL FUNDS 0 20 SO U.K. 2 - D A Y LOCAL AUTHORITY FRANCE 15 10 5 0 15 15 10 NETHERLANDS CANADA 5 0 20 EURO-SWISS FRANC GERMANY EURO-DM 1974 1976 1974 1976 n 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 AVERAGES FOR WEEK ENDING WEDNESDAY 16 OVERNIGHT 3-MONTH 12 8 4 16 16 6-MONTH 7-DAY 12 8 4 16 16 1-MONTH 1-YEAR 12 8 1974 1976 1974 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT 15 (— 3-MONTH Euro-dollar deposits FEDERAL FUNDS 10 OVERNIGHT Euro dollar deposits 90 DAY CD's 5 DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1974 c. ..... 1 rr .'inn in U S if Pr jtjve i l l 11 1976 1974 1976 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: P L U S H , 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 f\ DIFFERENTIAL U DIFFERENTIAL 5 5 10 10 i 15 15 EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER. COVERED SWISS DEPOSITS (SF) COVERED 10 10 5 5 U.S. COMMERCIAL PAPER 0 0 DIFFERENTIAL DIFFERENTIAL 5 1 1974 1976 5 1974 1976 \\ Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER PER CENT PER A -NT PER ANNUM . 9 UNITED STATES CANADA 10 ^ - 8 7 - 5 l l l l l 6 l 9 12 / / \ 8 JAPAN \ Industrial SWITZERLAND 7 5 GERMANY 6 3 14 18 UNITED KINGDOM f 12 10 16 I : 14 12 8 NETHERLANDS 6 - I 4 I I I I 8 I 12 12 U.S. CORPORATE Monthly 10 10 Aaa bonds 8 8 „ U S. CORPORATE Monthly /A\ Euro-dollar bonds Euro Dm bonds 10 8 6 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES 1969=100 180 UNITED STATES 100 60 140 400 300 100 UNITED KINGDOM JAPAN 200 100 140 240 180 100 SWITZERLAND CANADA 100 35. 60 180 FRANCE General Index 100 100I GERMANY 60 45 1974 1976 1974 1976 X<b 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 CHART 2 . DOLLAR PER FINE OUNCE JAN. JAN. JAN. JAN. JAN. JAN. JAN. 21 21 -3.64 -4.89 21 21 1.82 21 21 21 -0.99 4.02 0.34 -0.41 JAN. 21 128.34 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 . 86.42 118.19 140.58 135.40 84.53 107.67 123.76 167.95 127.14 90.49 GOLD PRICE I N LONDON U.S. CHART 4 . 21 21 21 21 21 21 21 21 21 21 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN CHART 3 . JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. 21 21 16 9 16 9 23 16 9 9 JAN. JAN. OCT. JAN. JAN. JAN. JAN. 21 21 4.81 5.03 10.00 8.75 3.60 3.41 7.00 6.25 4.13 0.63 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 FRASER Digitized for 21 21 21 21 5.00 3.90 8.83 5.51 9.22 10.11 5.00 SERIES NAME CHART 6 . LAST VALUE PLOTTER DATE VALUE EURO-DOLLAR DEPOSIT RATES: LONDON 21 21 21 21 21 21 5.03 5.13 5.25 5.51 6.01 6.73 21 21 21 21 21 21 5.03 4.81 0.43 5.51 5.00 0.42 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL JAN. 21 JAN. 2 1 JAN. 2 1 5.51 5.22 0.29 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL JAN. 2 1 JAN. 2 1 JAN. 21 5.13 5.59 -0.46 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL JAN. 21 JAN. 21 JAN. 2 1 5.51 5.72 -0.21 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL JAN. 21 JAN. 21 JAN. 2 1 5.51 9.02 —3.50 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 . JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. JAN. INTEREST ARBITRAGE, 3-MONTH FUNDS I f LAST VALUE PLOTTED DATE VALUE SERIES NAME % CHART 9 . LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM JAN. JAN. DEC. JAN. JAN. JAN. JAN. JAN. 16 9 9 9 9 9 9 7.70 8.16 9.40 5.66 9.49 9.96 7.59 13.68 % U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . DEC. NOV. NOV. 8.79 8.03 8.70 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY JAN. 1 6 DEC. 26 9 JAN. JAN. 2 9 JAN. 9 JAN. 9 JAN. 100.88 210.77 95.51 108.03 95.67 72.36 99.07 m m . f statistical R E S E R V E e release tjB: H . 10 JANUARY 2 3 , 1976 FOREIGN EXCHANGE RATES FORWHE WEEK ENDING JANUARY 2 3 , 197FC~W 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 -5TDUTH AFRICA SP>IN SRX LANKA SWEDEN SWITZERLAND UNITED KINGDOM for FRASER MONETARY UNIT JAN. DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FR/(NC D.^MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESATA RUPEE KRONA FRANC POUND 125.6800 5.44000 2.54480 99.4200 16.2300 26.0700 22.3000 38.4500 11.2000 203.2500 0.14580 0.32880 38.6800 8.0000 37.4500 104.0500 18.0000 3.6600 114.8000 1.6765 12.9500 22.8400 38.4300 203.2500 Digitized 19 JAN. 20 (RATE U . S . CENTS) J A N . 21 125.7700 5.43000 2.54250 99.7500 16.2000 26.0600 22.2900 38.4000 11.2000 203.0500 0.14510 0.32910 38.6800 8.0000 37.3900 1 0 4 . 1400 17.9900 3.6600 114.8000 1.6760 12.9500 22.8300 38.4000 203.0500 125.8000 5.42000 2.53650 99.6700 16.1800 26.0300 22.1900 38.3100 11.2000 202.3500 0.14070 0.32850 38.7000 8.0000 37.3000 104.1400 17.9700 3.6400 114.8000 1.6740 12.9500 22.7900 38.3100 202.3500 JAN. &2 125.5000 5.40000 2.54200 99.8100 16.1900 25.9700 22.2300 38.4100 11.2000 202.3000 0 . 13700 0.32880 38.6800 8.0000 37.4100 103.9500 17.9400 3.6300 114.8000 1.6695 12.9500 22.8500 38.4000 202.3000 JAN. 23 125.4700 5.42000 2.54100 99.9300 16.2300 26.0300 22.1900 38.4000 11.1500 202.3000 0.13640 0.32890 38.6000 8.0000 37.4100 103.9600 17.9900 3.6400 114.8000 1.6700 12.9500 22.8400 38 . 3 9 0 0 202.3000
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