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Selected Interest & Exchange Rates Weekly Series of Charts JUNE 28,1976 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 $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 A N D WEIGHTED AVERAGE VALUES (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY CANADIAN DOLLAR 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR A ,x^ / X - ' ^ N / 90 V 80 V x - V - / i i ^ I i Z JAPANESE YEN j " FRENCH FRANC w * I I I I I l I f I ( I I I I I Il lI l l l l l l l l l I 200 180 " 160 - . GERMAN MARK 160 " SWISS FRANC / : y — ' - f u i 1 1 1 i _ MIIIIIIIM DUTCH GUILDER Ax — r MIIIIIIIM - W i = V 160 140 r - I y i J ~U V / 7 /i fr^/J V^v j 7 - - 140 100 - - I | I I ~~ I I I iiImImIii MIMIiiIII ; BELGIAN FRANC 100 160 i -/V/ \ -i - A y - i i i i I i i i mIMIMIM ' I I I / ^ l y ^ — , I I \F I I 111111111111 l l l l l l l l l l l 100 120 ITALIAN LIRA U.K. POUND - V / ^ ll \\ I \ - iC - - W I I I I I 1974 I MIIIIIIIM 1976 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PEI ENT PER ANNUM e CANADIAN DOLLAR c e CENT PER ANNUM 12 6 U.K. POUND SWISS FRANC o 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 Of- 0 6 - i i i I i i 1974 i 11 i 11111111 1976 / Chart 3 V PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S DOLLARS PER FINE OUNCE 210 12.5 Kg BARS „ Afternoon fixing price 180 150 120 90 60 30 1974 1976 Chart 4 CALL MONEY RATES WEEKLY SERIES PER 15 OVERNIGHT EURO-DOLLARS JAPAN 10 5 U. S. FEDERAL FUNDS 0 1 20 20 U.K. 2 - D A Y LOCAL AUTHORITY FRANCE 10 5 C 15 15 10 NETHERLANDS CANADA 5 0 111 20 20 EURO-SWISS FRANC GERMANY EURO-DM 1974 1976 1974 1976 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES UNITED STATES CD's CANADIAN FINANCE CO. PAPER 12 8 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 PER 16 OVERNIGHT 3-MONTH 12 8 16 16 (-MONTH 7-DAY 12 8 16 1-MONTH 1974 1-YEAR 1976 1976 Chart 7 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 0 DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1974 Favors Borrowing in U.S. if Positive 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 DIFFERENTIAL U CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL EURO-DOLLAR DEPOSITS SWISS DEPOSITS (SF) COVERED 10 5 U.S. COMMERCIAL PAPER 9 DIFFERENTIAL DIFFERENTIAL 5 1974 1976 1974 1976 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES CANADA 9 UNITED STATES 7 5 12 JAPAN \ Industrial .10 8 SWITZERLAND GERMANY 6 14 UNITED KINGDOM 12 FRANCE 10 8 NETHERLANDS 6 4 12 12 . 10 „ U.S. CORPORATE Monthly U.S. CORPORATE Monthly Euro dollar bonds Aaa bonds 8 Euro-Dm bonds 6 1974 1976 1974 1976. Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES 1969=100 180 UNITED STATES 100 60 45 400 140 300 100 UNITED KINGDOM JAPAN 200 60 35 240 100 SWITZERLAND QANADA 60 60 180 180 FRANCE General Index 100 1974 100 GERMANY 60 45 1976 1976 v* S E R I E S NAME 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 . GOLD PRICE U.S. CHART 4 . 23 23 23 23 23 23 23 23 23 23 90.93 120.43 142.09 132.23 73.90 111.40 117.12 175.77 126.08 73.31 JUNE JUNE JUNE JUNE JUNE JUNE JUNE 23 23 23 23 23 23 23 -3.38 -7.01 2.12 -3.84 5.53 -0.39 —0.40 JUNE 2 3 125.47 I N LONDON DOLLAR PER F I N E OUNCE CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO—DOLLAR DEPOSITS U . K . 2 - D A Y LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5 . JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN CHART 3 . LAST VALUE PLOTTED DATE VALUE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE JUNE 23 23 16 11 18 11 18 18 11 11 5.48 5.71 10.88 9.06 4.40 3.95 7.00 7.50 4.66 0.26 JUNE JUNE APRIL JUNE JUNE JUNE JUNE 23 23 5.63 4.10 8.24 6.14 9.57 10.99 4.50 3-MONTH INTEREST RATES U . S . C D ' S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT 23 23 23 23 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 23 23 23 23 23 23 5.71 5.71 5.76 6.14 6.85 7.55 23 23 23 23 23 23 5.71 5.48 0.47 6.14 5.63 0.41 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 23 JUNE 2 3 JUNE 2 3 6.14 3.98 2.16 U . S . COMMERCIAL PAPER CANADIAN FINANCE C O . PAPER, COVERED DIFFERENTIAL JUNE 2 3 JUNE 2 3 JUNE 2 3 5.85 6.19 -0.34 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , DIFFERENTIAL JUNE 2 3 JUNE 2 3 JUNE 2 3 6.14 6.22 -0.09 JUNE 2 3 JUNE 2 3 JUNE 2 3 6.14 10.03 -3.89 CHART 7 . JUNE JUNE JUNE JUNE JUNE JUNE 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 COVERED EURO-DOLLAR DEPOSIT SWISS D E P O S I T ( S F ) , COVERED DIFFERENTIAL JUNE JUNE JUNE JUNE JUNE JUNE SERIES CHART 9 . NAME LONG TERM GOVERNMENT BOND Y I E L D S JUNE 1 8 JUNE 4 MAY JUNE 1 1 JUNE 1 1 JUNE 4 JUNE 1 1 JUNE 4 U N I T E D STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS U N I T E D KINGDOM U.S. 10. 7.84 7.99 8.77 5.20 9.33 9.99 8.28 13.97 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART LAST VALUE P L O T t b L DATE VALUE INDUSTRIAL U N I T E D STATES JAPAN CANADA FRANCE U N I T E D KINGDOM SWITZERLAND GERMANY STOCK MAY APRIL APRIL 8.58 7.28 8.06 INDEXES JUNE 1 8 JUNE 1 1 JUNE 4 JUNE 1 1 JUNE 4 JUNE 18 JUNE 4 107.78 232.55 106.53 104.56 90.16 71.36 96.55 # # , FEDERAL H 1U ' RESERVE statistical release JUNE FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JUNE 2 5 , 1976 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 AUSTRAL!A 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 JUNE 2 1 JUNE 2 2 DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE tSCUDO RAND PESATA RUPEE KRONA FRANC POUND 122.8600 5.41000 2.51800 103.0300 16.3300 25.6700 21.0500 38.7600 11.1500 177.3900 0.11710 0.33410 39.1800 8.0000 36.4900 98.3400 17.9900 3.2100 114.9000 1.4725 11.5000 22.4200 40.1900 177.3900 122.8300 5.41000 2.51950 103.0900 16.3000 25.7000 21.0900 38.8000 11.1500 177.2000 0.11740 0.33420 39,1800 8.0000 36.5100 98.3500 17.9800 3.2000 114.9000 1.4725 11.5000 22.4100 40.1800 177.2000 (RATE U . S . CENTS) JUNE 2 3 122.8500 5.42000 2.52400 103.2800 16.2900 25.6900 21.0800 3 8 . 8 300 11.1500 177.2500 0.11790 0.33690 39.2100 8.0000 36.5500 98.3100 17.9700 3.2000 114.9000 1.4730 11.5000 22.4200 40.1900 1 7 7 . 2 500 JUNE 2 4 JUNE 2 5 123.0500 5.43000 2.53050 103.8600 16.3200 25.7200 21.12C0 38.8800 11.1500 177.1500 0.11830 0.33640 39.2600 8.0000 36.5800 98.4500 17.9800 3 . 1600 114.9000 1.4735 11.5000 22.4600 4 0 . 4 8 00 177.1500 123.1000% 5.43000 2 . 5 2 2 50 103.4400 16.2700 25.7200 21 . 0 6 0 0 38.8000 11.1000 177.2100 0.11810 0.33560 39.3000 8.0000 36.4900 98.5500 17.9500 3.1800 115.3000 1.4730 11.5000 22.4600 40.4400 177.2100
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