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ti-t •) Selected Interest & Exchange Rates Weekly Series of Charts JUNE 27,1977 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 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 DOLlmh PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE V A L U E S AVERAGES FOR WEEK ENDING WEDNESDAY (DASHED LINE) PATio SCALE MA/ 1970 PARITY=100 MAY CANADIAN 1970 DOLLAR FOREIGN CURRENCY PRICE OF JAPANESE U.S. D O L L A R FRENCH FRANC YEN SWISS FRANC GERMAN MARK DUTCH GUILDER BELGIAN ITALIAN U.K. POUND 1975 FRANC 1977 1975 LIRA 1977 RATIO S C A ^ E PARITY-100 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 6 - CANADIAN DOLLAR I I I I I I I I I I I I I I I I I PER CENT PER ANNUM u. K. POUND DUTCH GUILDER SWISS FRANC GERMAN MARK JAPANESE YEN 2 PER CENT ON SCALE EQUALS 1 PER CENT ON ALL OTHER FRENCH FRANC 1975 u11 i l l I I I I ?77 1975 1977 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PF% HNf. OuNC U.S. DOLLARS PER FINE OUNCE 200 ~1 180 12.5 Kg BARS 160 AFTERNOON FIXING PRICE - 140 120 100 JL..^ 1975 197 / 2C CHART 4 CALL MONEY RATES WEEKLY SERIES ENT PER ANNUM PER CENT PER ANNUM 16 .5. F E D E R A L FUNDS JAPAN 12 8 4 OVERNIGHT EURO-DOLLARS 16 U.K. 2 - D A Y LOCAL AUTHORITY 12 FRANCE 8 4 I I I II I II I I I 12 CANADA NETHERLANDS 8 4 0 20 16 12 EURO-DM / 8 GERMANY EURO-SWISS FRANC 4 + 0 4 1975 1977 1975 1977 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 12 - J CANADIAN FINANCE CO. PAPER \ - UNITED STATES C D ' s - ~ l I I I I I 14 10 U.K. INTERBANK STERLING - GERMAN INTERBANK RATE 6 - 14 EURO-DOLLAR SWISS INTERBANK RATE 10 JAPAN MONTHLY nliiliilii 1975 1977 1975 1977 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 12 — I PER CENT PER ANNUM OVERNIGHT — 3-MONTH - ~ l I I i i i 11111111111 12 7-DAY 6-MONTH 1-MONTH 1-YEAR 1975 1977 1975 1977 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 12 OVERNIGHT EURO-DOLLAR DEPOSITS 3-MONTH EURO-DOLLAR FEDERAL DEPOSITS FUNDS DASHED LINE 90-DAY CD S DASHED LINE DIFFERENTIAL A D J U S T E D FOR RESERVE REQUIREMENTS DFFERENTIAL A D J U S T E D FOR RESERVE REQUIREMENTS I I I I I I I I I I I I I I I I I I I I I I 1975 FAVORS BORROWING IN U. S. IF POSITIVE 1977 I I I I I I I I I I I I M I I I I I I 1975 1977 CHART INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+J, INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM / y- PER CENT PER ANNUM EURO-DOLLAR DEPOSITS 12 \/\ / INTERBANK STERLING INTERBANK DM COVERED LONDON COVERED FRANKFURT — 6 EURO-DOLLAR DEPOSITS DASHED LINE DIFFERENTIAL DIFFERENTIAL I I I I I II I I I I I CANADIAN FINANCE CO. PAPER, I I I II I II I I I I I I II I I I I I I COVERED EURO-DOLLAR DEPOSITS 12 12 U.S, COMMERCIAL PAPER SWISS INTERBANK (SF) COVERED DASHED LINE DASHED LINE DIFFERENTIAL DIFFERENTIAL JLL 1975 iiiiiiiiiiiI 1977 i i i l u l l 11111IIIII11 1975 1977 CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM • CANADA UNITED — I 7 e - - - 5 10 — — STATES | | | / I l l l l l l l l l l Z \ \ \ \ \/X I l l l l l l l l l l , JAPAN INDUSTRIAL SWITZERLAND - < GERMANY I I / - I 3 19 :/ - m FRANCE 17 UNITED ><1NGD0M -A) vvh f l A V N NETHERLANDS l I I l l I r i i i n i i i i u 15 i1 1 13 i i i i n i i i i i i - 12 — U.S. CORPORATE MONTHLY U S, CORPORATE MONTHLY — A. / / W J 10 / \ M XX EURO-DOLLAR BONDS Aaa BONDS J — EURO-DM BONDS I 1975 1977 I I 1975 1977 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES 1969: 180 140 UNITED STATES 100 80 RATIO SCALE 19-99=100 140 60 UNITED 360 KINGDOM 100 280 JAPAN 200 60 160 120 180 140 SWITZERLAND CANADA 100 80 60 180 140 FRANCE GENERAL INDEX GERMANY 100 80 60 111 I I I I l.l I I 1975 1977 1975 1977 # S E R I E S NAME CHART 1 . SPOT EXCHANGE RATES U . S . D O L L A R , WEIGHTED AVERAGE JAPANESE YEN GERMAN MARK DUTCH GUILDER U . K . POUND C A N A D I A N DOLLAR FRENCH FRANC SWISS FRANC B E L G I A N FRANC ITALIAN LIRA CHART 2 . DLTrH GUILDER JAPANESE YEN GOLD PRICE U.S. CHART 4 . DOLLAR CALL PER F I N E OUNCE 89 . 9 4 132.15 155.30 145.43 71,64 102.10 112.33 175.32 138.57 70.61 JUNE JUNE JUNE JUNE JUNE JUNE JUNE 22 22 22 22 22 22 22 -1.37 -3.99 1.92 -4.02 1 .86 2.8 5 -0.31 JUNE 2 2 139.84 MONEY RATES CANADA GERMANY EURO-DM JAPAN F RANCE NETHERLANDS EURO-SWISS FRANC 22 22 22 22 22 22 22 22 22 22 I N LONDON U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U . K . 2 - D A Y LOCAL AUTHORITY D E P O S I T S CHART 5 . JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 3-MONTH FORWARD EXCHANGE RATES C A N A D I A N DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC CHART 3 . LAST VALUE PLOTTE DATE VALUE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE MAY JUNE 22 22 17 17 17 17 17 17 13 17 5 .43 5.44 7.00 7.10 3.80 3.55 5.50 8.88 0.93 1.85 JUNE JUNE APRIL JUNE JUNE JUNE JUNE 22 22 5.30 4.22 8.04 5.80 7.14 7.75 3.81 3-MONTH I N T E R E S T RATES U . S . C D ' S ( 6 0 - 8 9 DAYS I GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR D E P O S I T CANADIAN F I N A N C E COMPANY PAPER INTERBANK S T E R L I N G SWISS INTERBANK LOAN 22 22 22 22 LAST VALUE PLOTTED DATE VALUE S E R I E S NAME CHART 6 . EURO-DOLLAR DEPOSIT R A T E S : LONDON 0 VE RNIGHT 7-CAY i-MONTH 3-MONTH 6—MONTH I-YEAR CHART JUNE JUNE JUNE JUNE JUNE JUNE 22 22 22 22 22 22 5.44 5.55 5.50 5.80 6.19 6.45 22 22 22 22 22 22 5.44 5.43 0.24 5.80 5.30 0.40 EURO-DOLLAR D E P O S I T INTERBANK S T E R L I N G ( L O N D O N ) , COVERED DIFFERENTIAL JUNE 2 2 JUNE 2 2 JUNE 2 2 5.80 3.76 2.04 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL JUNE 2 2 JUNE 2 2 JUNE 2 2 5.40 5.77 -0.37 EURO-DOLLAR D E P O S I T INTERBANK DM (FRANKFURT I , DIFFERENTIAL JUNE 2 2 JUNE 2 2 JUNE 2 2 5.80 6.14 -0.34 JUNE 2 2 JUNE 2 2 JUNE 2 2 5.80 5.67 0.13 r. SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . C D ' S ( 6 0 - 8 9 DAYS) D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR D E P O S I T SWISS I N T E R B A N K , COVERED DIFFERENTIAL JUNE JUNE JUNE JUNE JUNE JUNE COVERED c FP ?P< NAME # CHART 9 . LONG TERM GOVERNMENT BOND Y I E L D S U N I T E D STATES GERMANY JAPAN (MONTHLY) S WITZER LAND CANADA FRANCE N ETHERLANDS U N I T E D KINGDOM U . S; . 0. INDUSTRIAL UNITED STATES JAPAN CANADA FRANCE U N I T E D KINGDOM SWITZERLAND GERMANY JUNE JUNE MAY MAY JUNE JUNE MAY JUNE 17 3 27 17 10 13 17 7.24 6.19 7.43 4,44 8.73 10 . 9 6 7.08 12.30 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS HART LAST VALUE PLOTTEI DATE VALUE 8.05 6.87 7.72 MAY MAY MAY STOCK INDEXES JUNE MAY JUNE JUNE JUNE MAY MAY 17 27 3 10 17 20 27 102.54 249.25 89 . 2 5 78.28 105.19 73.32 97.29 / # & . FEDERAL RESERvE statistical release JUNE FOREIGN EXCHANGE RATES FOR THE WEEK E N D I N G JUNE 24, 24 ' 1977 1977 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 buyjng 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 A F R I C A SPAIN S R I LANKA SWEDEN SWITZERLAND U N I T E D KINGDOM MONETARY UNIT 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 CRATE U . S . C E N T S ) JUNE 22 JUNE 20 JUNE 2 1 110.8000 110.8300 5.96000 2.76950 94.2500 16.4700 2 4 . 4 8 00 20.2300 4 2 . 3 8 50 110 .880.0 171.9400 0 . 11300 0.36705 40.3100 4.3500 40.1750 96.3000 18.8400 2.5800 115.0000 1 . 4 3 88 13.7000 22.5200 39.9700 171.9400 171 .9600 0.11297 0 .36800 40 . 2 9 0 0 4.3500 40.1300 96 . 3 0 0 0 18.8400 2,5800 115.0000 1 #4337 13.7000 22 . 5 4 0 0 40 .0650 171 .9600 5.97000 2.77100 94.4000 16.5000 24.5100 20 . 2 3 0 0 42.3850 11.2600 1 71.9600 0.11297 0.36660 40.3000 4 .3600 40.0550 96.2500 18 . 8 7 0 0 2.5800 115.0000 1.4388 13.7000 22 . 5 7 0 0 40 . 0600 171 ,9600 11.2600 5.97000 2.77150 94.3800 16.5200 24.4800 20 . 2 42 5 42.4550 11 .2600 JUNE 2 3 110.6800 5.97000 2.77120 94.3400 16.5000 24.5100 2 0.2350 42.4600 11.2600 171.9700 0.11299 0.36790 40.2800 4.3500 40.1250 96.3500 18.8200 2.5800 115.0000 1.4296 13.7000 2 2.5300 40.1100 171.9700 JUNE 24 110.9000 5.97000 2.77100 94.3600 16.4988 24.4700 20.2450 42.4550 11.2600 171.9t>00 0.11300 0.36765 40.2500 4.3500 40.1050 96.4000 18.7900 2.5800 115.0000 1.4337 13.7000 22.4900 40.1050 171.9600
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