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V I J j LI3?.?.RT * _ ... - - *,—ju OF KiZizIlOiZ) Selected Interest & Exchange Rates Wsekly Series of Charts JULY 12,1976 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 Z1 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 a INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDEXES 3 Chart 1 SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES A N D WEIGHTED AVERAGE VALUES (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY CANADIAN DOLLAR 100 FOREIGN CURRENCY PmCE'OF U X DOLLAR 90 V v Vv/ 80 / X , _L_L / JAPANESE YEN h\ FRENCH FRANC - /I, 140 - 120 . y - 100 I I lllllllllll I I I I I M iihihilii iiliilulii I 200 200 - , 140 GERMAN MARK _ - ~ U _/ 7 ft^/J J r I I - 100 160 SWISS FRANC J / Vx - I ' I I __ I - I I 11111111 lllllllllll I I „ / v V V / V 140 r '+ f \ A -Z 120 I I I I I I MIMIIIIM 100 - I DUTCH GUILDER - BELGIAN FRANC 100 r\/ " /\ -i J ~AV I - I I I I I I " I \ f i I 120 ^ \/~ l j — I I i I . I . l Iiiliiliilnl 100 120 I V \ - II \ j - ^ II \V \ \ j ~ I I I I 1974 I V/v H I 1976 it \\ I \ - V I - ITALIAN LIRA U.K. POUND I 160 140 | J y 180 160 JV - 160 I I - - V 180 I I I I I — Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING"WEDNESDAY PER CENT PER ANNUM 6 C A N A D I A N DOLLAR SWISS FRANC _ U.K. POUND - ^ / Y a M i i K 1 1 iiiiiiiniii GERMAN MARK DUTCH GUILDER - - 1 I I 1 1 I I 1 1 1 1 1 1 1 _ FRENCH FRANC _ JAPANESE YEN 2 per cent on scale equals 1 per cent on all others _ / y 1 1 1 ff 1 1 1 y: llllllllllll ! : I; I I i r v / I - I 1974 I 11111111111 1976 Chart 3 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 90 1974 1976 Chart 4 CALL MONEY RATES WEEKLY SERIES 15 OVERNIGHT EURO-DOLLARS 10 5 JAPAN U. S. FEDERAL FUNDS 0 20 20 U.K. 2 - D A Y LOCAL AUTHORITY FRANCE 15 10 5 0 15 10 15 NETHERLANDS CANADA 5 0 20 —I 20 EURO-SWISS FRANC GERMANY EURO-DM 1974 1976 1974 1 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 14 EURO-DOLLAR SWISS DEPOSIT RATE 10 6 JAPAN Monti 1974 1976 1974 1976 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY 16 3-MONTH OVERNIGHT 12 8 4 16 16 6-MONTH 7-DAY 12 8 16 16 1-MONTH 1-YEAR 12 8 1974 1976 1974 1976 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PEA CENT PER ANNUM 15 15 3-MONTH Euro-dollar deposits FEDERAL FUNDS OVERNIGHT Euro dollar deposits 90 DAY CD's v _J i i 111111111111 ' DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1974 Favors Borrowing in U.S. if Positive \ / W ' I I I I I I I I I I I Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: P L U S H , INDICATES FAVOR DOLLAR ASSETS PER CENT PER ANNUM PER CENT PER ANNUM 20 20 INTERBANK DM Covered Frankfurt INTERBANK STERLING Covered London EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DIFFERENTIAL U DIFFERENTIAL 1 15 ~ CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS SWISS DEPOSITS (SF) COVERED 10 5 U.S. COMMERCIAL PAPER 0 ,A l xVx'v<f-"4'Xv-^ DIFFERENTIAL DIFFERENTIAL 1974 V > 1 5 1976 1974 1976 'A Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES 9 CANADA UNITED STATES 7 5 12 JAPAN \ Industrial jO 8 SWITZERLAND GERMANY 6 14 12 18 UNITED KINGDOM FRANCE 10 8 NETHERLANDS 6 12 12 _ U.S. CORPORATE Monthly 10 U S. CORPORATE Monthly Euro-dollar bonds Aaa bonds 8 Euro-Dm bonds 6 1974 1976 1974 1976 1 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 160 UNITED STATES 100 60 45 140 400 300 100 UNITED KINGDOM JAPAN 200 60 100 35 240 140 100 SWITZERLAND CANADA 6<* 100 180 180 FRANCE General Index 100 IOC GERMANY 45 1974 1976 1974 1976 v > SERIES CHART i . SPOT EXCHANGE LAST VALJE PLOTTED DATE VALUi. NAME RATEb „U.SDOLLAR^_WEIGHlLOLAyERAu€_. J A P A N E S E YEN G E R M A N MARK DUTCH G U I L D E R U . K . POUND CANADIAN DOLLAR . F R E N C H FRANC SWISS FRANC B E L G I A N FRANC . ITALIAN LIRA JULY JULY JULY JULY JULY JULY _JULY_ JULY JULY JULY 5 0 . A3 121.30 141. 132.63 74.65 111.51 117.02 176*88 125.92 74.56 7 7 „CHARJ_23,-^ONJH_ ^iflARD_„EXCHAME_RAJEi._ CHART 3. GULD PRICf- IN u T s r DOLLAR " P I R CHART 4. CALL MONEY LONDON FINE OUNCL 5. 3-MONTH JULY 7 iH RATES U . S . F E D E R A L FUNDS . „ OVERNIGHT EURO-DOLLAR D E P O S I T S U . K . 2 - D A Y LOCAL AUTHORITY DEPOSITS CANADA GERMANY fURO-DM JAPAN FRANCt NETHERLANDS E U R O - S W I S S FRANC CnAkT -3»6B_ - 7 . * 0 l.tiS -3.49 5.11 —2.55 JULY JULY JULY JULY -JULY, JULY JULY C A N A D I A N DIJLLAR U . K . POUND GERMAN ;MARK FRENCH FRANC 5WI_SS__PRANC. DUTCH G U I L D E R J A P A N E S E YEN INTfcKtiT 5.37 5.57 10.68 ^5 9 . vU 4.20 2 4.32 25 ?...... . 7 . 3 0 7.c3 2 5.19 25 25 3.11 7 7 - KAlfcS U . S . CD'S ( 6 0 - 6 9 DAY<) GERMAN I N T E R B A N K L O A N JAPANESE COMPOSITE LOAN FURO-DOLLAR H E P 0 5 I T C A N A D I A N F I N A N C E COMPANY INTERBANK STERLING <WISS DEPOSIT JULY JULY JULY JUNI; JULY JUNE JULY JULY JUNE JUNE PAPE^ JULY JULY MAY JULY JULY JULY JULY 7 7 7 7 7 7 5 . W 2 8.26 5.-5 *.50_ i l . 1 6 4.50 S£R 1ES NAME CHART 6. EURO-DOLLAR DBRUSH DATE RATES: LONDON JIVERN1GHT 7—DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 7. JULY 7 JULY 7 ... J U L Y . _7_ JULY 7 - JULY JULY 7 SELECTED EURO-DOLLAR VALUE AND Y . ? . MONEY MARKET OVERNIGHT EURO-DOLLAR DTP U.S.IT 5 U ^ S . FEDERAL FUNDS P J F F ^ £ M 1 AJ__ADJ_._FOK_RESERVE KEJIUTREMENTS 3-MONTH LURO-DGLLAR D E P O S I T RATF U . S . C D ' S ( 6 0 - 8 9 DAYS J D I F F E R E N T I A L A D J . FDR RESERVE REQUIREMENTS , 5.67 5.59 5.70 5.95 7.Z3 RATES JULY JULY JULY JULY JULY JULY 7 , 5.67 7 5.37 0.5<* 7 5.95 7 7_ , . 5 . 6 3 . — v. v4 7 JULY JULY JULY 7 7 7 2.19 JULY JULY JULY 7 7 7 5.75. 5.6Z -0.07 JULY JULY JULY_ 7 7 7 6 .10 -T.%5 JULY JULY JULY 7 7 7 5 . ^ : %.bl -3•c6 ! i " X CHART _ • IN'LER_E SJL_AR E I L R . 3 R J L U N T J H _FU^ EURO-DOLLAR D E P O S I T INTERBANK S T E R L I N G ( L O N D O N ) , DIFFERENTIAL U . S ._ COMMERCI AL P APJEK CANADIAN FINANCE CO. P A P t K t ^DIFFERENTIAL COVERED - EURO-DOLLAR D E P O S I T INTERBANK DM ( F R A N K F U R T ) , DIFFERENTIAL EURO-DOLLAR DEMOSI I SWISS D E P O S I T ( S F > , DIFFERENTIAL CJVfckEu COVtKfcO COVERTD 5.95 3.76 . 5.95 J SERIES NAME LAST VALUE PLOTTED DATE VALUE JCH ART. 9_._. LONG TE_RMJ&V£KNMENT_ &ONQ_Y IfLLDS___ U N I T E D STATES GERMANY _4APAN ( M O N T H L Y ) . SWITZERLAND JLANADA, FRANCE NETHERLANDS U N I T E D KINGDOM. JUNE -MAY JUNE JUNE JUNE JUNE JUNE 25 25 25 18 25 Id 7.86 8.03 - a%77_ 5.12 9.32 10.06 8.79 13.77 U . S . .CORPORATE MAY MAY MAY AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS. CHART 1 C . INDUSTRIAL U N I T E D STATES JAPAN CANADA FRANCE U N I T E D KINGDOM SWITZERLAND GERMANY STOCK 8.58 7.52 8.27 INDEXES JULY 2 JUNE 2 5 JUNE 18 JUNE 1 1 JUNE l b jULY 2_ JULY 2 109.06 232.99 106.34 104.5* 92.lt, 97.3 V H.10 JULY FOREIGN EXCHANGE RATES JULY FOR THE WEEK ENDING 9, 9 , 19 76 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 LAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN S R I LANKA SWEDEN SWITZERLAND U N I T E D KINGDOM MONETARY UN IT DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PES ATA RUPEE KRONA FRANC POUND JULY 5 JULY H 0 L I D A Y \ 6 (RATE U . S . CENTS) JULY 7 124.0300 5.42000 2.52050 103.1400 16.2300 25.7800 21.0500 38.7&00 11.2500 180.2300 0.11940 0.33740 39.3300 8.0000 36.6100 99.2000 17.8800 3.1800 114.8000 1.4725 11.5000 22.4000 40.4500 180.2300 123.7000 5.43000 2.51600 103.2000 16.2200 25.7800 21.0500 38.7600 11.2500 180.2500 0 . 1 1 9 50 0.33710 39.3100 8.0000 36.6300 99.3000 17.8600 3.1800 114.8000 1.4725 11.5000 22.3800 40.3600 180.2500 JULY ti JULY 123.6000 5.43000 2.51850 103.2800 lb.2200 25.7S00 21.0300 38.7800 il.2500 17b.2000 0.11940 0.33730 39.3300 a.oooo 36.6700 99.3200 17.6600 3.1800 11*.6000 1.4725 11.5000 22.3800 40.3300 178.2000 123.2000 5.4Z000 2.514t>0 103.3400 16.2400 25.7600 20 . 9 6 0 0 38.7900 11.1500 177.9500 0.11910 0 . 337 0 0 39.3300 b.0000 36.6700 99.0000 17.8600 3 .1800 114.8500 1.4700 11.4500 22.4000 *0.3600 177.9500 9
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