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Selected Interest & Exchange Rates Weekly Series of Charts JUNE 14,1976 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 t Table of 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 a 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 CANADIAN DOLLAR 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 80 r i ' " - / x . 80 h 11 h i I i l l 11 140 JAPANESE YEN 120 FRENCH FRANC \ 1 1 y - 1 1 1 1 1 iilnliilii in! 200 200 - 160 . GERMAN MARK -tU j / V TX-t ,/v N j - " 100 140 " i l Illllllllll 1 1 1 pj\ -1 J " V. / \f 1 r\J I I A A 1 1 1 / 1 I I ^ . 1 1 1 -1 1 120 i i r i i i — — U.K. POUND " V * \ I 1 ITALIAN LIRA V r r / -1 < i \ X 1 1 1 I I 1 1070 1074 120 100 BELGIAN FRANC - 1 140 - /vv<>z-' * W . 160 f , 1 Illllllllll / DUTCH GUILDER ys — -/<y 100 l _ ~KJ V^/vz y s z v / j r -J 160 SWISS FRANC / | - 140 120 - - Ill - w 180 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+), OR DISCOUNT (-) AVERAGES FOR WEEK ENDING WEDNESDAY CANADIAN DOLLAR 0 6 PER CENT PEA ANNUM 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 24 1974 1976 1974 1976 Chart 3 P R I C E O F G O L D IN L O N D O N AVERAGES FOR WEEK ENDING WEDNESDAY US. DOLLARS PER FSJE OUNCE 310 12.5 Kg BARS - Afternoon fixing price 180 150 120 60 30 1974 1976 Chart 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER c a r PER ANNUM 15| OVERNIGHT EURO-DOLLARS - J Vwx, \rrSmJ X JAPAN - U.S. FEDERAL FUNDS I I I I I I I S 0 I 20 U.K. 2-DAY LOCAL AUTHORITY 15 Af AM 10 V V - 5 - I I I I I iilnJnjii j j l u l l l l i i I 111II1111111IIIIIIH1111 o 15 15 NETHERLANDS 10 CANADA - A#«<vv 5 0 I I I I I I iiliiliiln Illllllllll EURO-SWISS FRANC I If' I GERMANY EURO-DM 187S I Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES £NT PER ANNUM UNITED STATES CD's 12 CANADIAN FINANCE CO. PAPER 8 4 10 U.K. INTERBANK STERLING GERMAN INTERBANK RATE 12 N 8 4 14 jUEURO-DOLLAR SWISS DEPOSIT RATE 10 f ^ 6 i m JAPAN Monthly I i M JI fy, k L V i VXj - lllllllllllllllllllllll Chart j3 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY :NT 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 3-MONTH Euro dollar deposits FEDERAL FUNDS 10 OVERNIGHT Euro-dollar deposits 90 DAY CD's 5 ]!!! -111| I Ml 51 y V ; 0 DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1974 http://fraser.stlouisfed.org/ Favors Borrowing in U.S. if Positive Federal Reserve Bank of St. Louis 11 1976 1974 1976 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS(+). 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 • / V w av . j DIFFERENTIAL f\ U DIFFERENTIAL I?'u M 1 1 I 15 l l I I llllllllllll EURO-DOLLAR DEPOSITS CANADIAN FINANCE CO. PAPER, COVERED SWISS DEPOSITS (SF) COVERED 10 S U.S. COMMERCIAL PAPER 0 DIFFERENTIAL DIFFERENTIAL 5 1 1974 1976 1974 1976 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES CENT PER ANNUM CENT PER ANNUM __ CANADA 10 UNITED STATES 7 8 5 6 9 12 JAPAN \ Industrial .10 8 SWITZERLAND 7 5 GERMANY 6 3 14 18 12 UNITED KINGDOM 16 FRANCE 14 10 8 12 NETHERLANDS 10 6 4 8 12 12 U S. CORPORATE Monthly , ' \ Euro-dollar bonds __ U.S. CORPORATE Monthly 10 Aaa bonds 8 10 8 Euro Dm bonds 6 6 1974 1976 1974 1976 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 180 UNITED STATES 100 60 45 400 140 300 100 UNITED KINGDOM JAPAN 200 60 n h ihiiii- 100 240 140 180 SWITZERLAND 100 CANADA 100 35 iiliiluiii 60 180 180 FRANCE General Index GERMANY 100 100 60 60 45 1974 iiliiluiii 1976 1974 1976 45 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 JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 9 9 9 9 9 9 9 9 9 9 91.25 119.90 142.07 132.28 72.67 110.53 117.34 177.40 126.07 73.50 JUNE JUNE JUNE JUNE JUNE JUNE JUNE 9 9 9 9 9 9 9 -3.28 -5.67 2.47 -4.51 4.73 0.27 -0.52 JUNE 9 127.06 JUNE JUNE JUNE MAY JUNE MAY JUNE JUNE MAY MAY 9 9 4 28 4 28 4 4 14 28 5.44 5.53 9.75 8.75 3.90 3.66 6.75 7.50 4.19 0.59 JUNE JUNE MARCH JUNE JUNE JUNE JUNE 9 9 5.75 3.87 8.30 6.35 9.67 11.25 4.50 2 . 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-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC 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 STERLING SWISS DEPOSIT 9 9 9 9 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 6 , EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR JUNE JUNE JUNE JUNE JUNE JUNE 9 9 9 9 9 9 5.53 5.53 5.73 6.35 7.03 7.66 JUNE JUNE JUNE JUNE JUNE JUNE 9 9 9 9 9 9 5.53 5.44 0.32 6.35 5.75 0.49 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL JUNE JUNE JUNE 9 9 9 6.35 5.58 0.77 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL JUNE JUNE JUNE 9 9 9 5.88 6.39 -0.51 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL JUNE JUNE JUNE 9 9 9 6.35 6.35 0.00 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL JUNE JUNE JUNE 9 9 9 6.35 9.23 CHART 7 . SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL ADJ. 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 . INTEREST ARBITRAGE, 3-MONTH FUNDS -2.88 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 9 . LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN fMONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM JUNE MAY MARCH MAY MAY MAY MAY MAY 4 28 21 28 26 14 28 7 .92 8 .02 8 .71 5 .19 9,• 3 2 9 •98 7.57 13,,87 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS APRIL APRIL APRIL 8.40 7.28 8.06 CHART 1 0 . INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY JUNE MAY MAY MAY MAY JUNE MAY 4 28 28 14 28 4 28 104.76 226.26 106.25 104.07 90.62 68.91 96.45 FEDERAL H 10 " RESERVE statistical JU<E FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JUNE 1 1 , release l " 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 JUNE 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 122.0500 5.41000 2.52030 102.2300 16.2700 25.4800 21.1300 36.8400 10.7500 175.6000 0.11800 0.33300 39.0000 8.0000 36.5500 96.4900 18.0400 3.2300 114.8500 1.4710 11.6500 22.5000 40.6500 175.6000 7 JUNE 8 IRATE U . S . CENTS) JUNE 9 122.8000 5.43000 2.52230 102.1200 16.3100 2 5.6300 21.1200 38.8900 10.7500 176.9600 0.11750 0.33320 39.0700 8.0000 36.6400 98.3000 18.0700 3.2300 114.8500 1.4730 11.6500 22.5100 39.9700 176.9600 122.8000 5.44000 2.53550 102.2200 16.3800 25.6700 21.1300 38.9500 10.7500 176.9000 0.11690 0.33340 39.1000 8.0000 36.6600 98.2500 18.1400 3.2300 114.8500 1.4730 11.6500 22.5300 39.9400 176.9000 JUNE 10 JUNE 11 122.8000 5.42000 2.52700 102.2000 16.3800 25.6500 21.1200 38.7600 10.7500 177.0500 0.11700 0.33340 39.1000 8.0000 36.5000 98.3000 18.0800 3.2300 114.8500 1.4730 11.6500 22.4900 40.1900 177.0500 122.7700 5.41000 2.52500 102.3100 16.3600 25.6300 21.1400 38.8200 11.1000 177.0300 0.11710 0.33330 39.1000 8.0000 36.5300 98.2800 18.0800 3.2300 114.8500 1.4725 11.5000 22.5200 40.2300 177.0300
@FedFRASER