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5 - kHO »sS60 ^V* , t s a « . Selected Interest & Exchange Rates Weekly Series of Charts June 5 , 1 9 7 8 - DIVISION OfINTERNATIONAL 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 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR H AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 6 CANADIAN DOLLAR I I lllllllllll I PER CENT PER A1NUM — 6 - 6 DUTCH GUILDER U. K. POUND 12 — SWISS FRANC V GERMAN MARK lllllllllll VvvA/ ; I i- FRENCH FRANC I I I I i i v w r — I,, — . JAPANESE YEN 12 I I I I I 1976 I iilnhilii lllllllllll 1978 1976 1978 6 CHART 3 PRICE OF GOLD IN LONDON # AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE DOLLARS PER FINE OUNCE 200 200 180 - 180 160 12.5 Kg BARS AFTERNOON FIXING PRICE 140 120 - - 120 100 I I I I I I I I I I 1976 0 *• 140 1978. 100 CHART 4 CALL MONEY RATES WEEKLY SERIES N i PEA CENT PER AL PER < :NT PER ANNUM 12 U.S. FEDERAL FUNDS 8 4 \jy — JAPAN ^ OVERNIGHT EURO-DOLLARS I I I 0 1 1 - 1 16 FRANCE 12 J- 8 U.K. 2-DAY LOCAL AUTHORITY 4 - 1 0 1 1 1 1 1 12 NETHERLANDS CANADA 8 4 I I III III I I I 0 12 8 EURO-SWISS FRANC GERMANY 4 0 EURO-DM 4 1976 1978 1976 1978 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM 12 12 — CANADIAN FINANCE CO. PAPER EURO-DOLLAR U.S. CD S I I I I ill I I I I JAPANESE BANK LOANS AND DISCOUNTS U.K. INTERBANK STERLING — 10 SWISS INTERBANK RATE : GERMAN INTERBANK RATE « /VA J \ V I 1976 1978 I I I I 1976 I " lllllllllll 1976 CHART 6 EURO-DOLLAR DEPOSIT RATES LONDON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 10 3-MONTH OVERNIGHT I I I I I - I 6-MONTH 7-DAY I I I II I II I I I 1-YEAR 10 1-MONTH *Ar I 1976 1978 I I I I 1976 I — II I II I III II 1978 CHART 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER PER CENT PER ANNUM 10 FEDERAL FUNDS \ EURO-DOLLAR DEPOSITS DASHED LINE OVERNIGHT EURO-DOLLAR DEPOSITS 90-DAY CD'S DASHED LINE DIFFERENTIAL DIFFERENTIAL ADJUSTED FOR RESERVE REQUIREMENTS ADJUSTED FOR RESERVE REQUIREMENTS 1111 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1111 1976 FAVORS BORROWING IN U. S. IF POSITIVE 1978 1976 i i I i i h 1978 111 i CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUS(+). INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM * # EURO-DOLLAR DEPOSITS INTERBANK DM INTERBANK STERLING COVERED FRANKFURT COVERED LONDON EURO-DOLLAR DEPOSITS DASHED LINE DIFFERENTIAL 0 DIFFERENTIAL l 10 1 I liilnliilii I I I1 II1 M I I u i l 11 h i I , , I i i I i i h i I n I 10 - „ 2 „ CANADIAN FINANCE CO. PAPER. COVERED SWISS INTERBANK (SF) COVERED U.S. COMMERCIAL PAPER EURO-DOLLAR DEPOSITS DASHED LINE DASHED LINE DIFFERENTIAL DIFFERENTIAL I LLLLLLL JJ 1876 1*7* I i I-J 1*7* I I J ' I n j 111111111111" I i I 197* CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER AN! :NT PER ANNUM 10 CANADA UNITED STATES - h j 8 " I I I 6 8 JAPAN INDUSTRIAL 6 SWITZERLAND 4 2 GERMANY 18 UNITED IKINGDOM 16 FRANCE - -I J yJ 14 I 12 NETHERLANDS U. 8 . CORPORATE 10 I MONTHLY I U. S. I I I CORPORATE I 8 MONTHLY 9 EURO-DOLLAR BONDS Am# BONDS 7 EURO-DM BONDS I - L i 1976 1978 I I 5 1976 1978 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969= 00 140 120 UNITED STATES 100 UNITED KINGDOM 80 60 320 280 JAPAN 240 200 160 140 120 CANADA 100 SWITZERLAND zv 80 I 60 I I I I . 1 ~ I 140 120 FRANCE GENERAL INDEX GERMANY 100 Y 80 60 1 1 1 U 1976 W 1976 I I 1976 I 1976 LAST VALUE PLOTTED DATE VALUE SERIES NAME ^ j ^ R T 1. SPOT EXCHANGE RATES WEEKLY AVERAGES, NOON BUYING RATES ( U . S . CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA MAY MAY MAY MAY MAY MAY MAY MAY MAY 31 31 31 31 31 31 31 31 31 47.34 0.44551 44.19 181.88 69.43 21.55 51.72 3.02715 0.11497 MAY MAY MAY MAY MAY MAY MAY MAY MAY 31 31 31 31 31 31 31 31 173 . 2 7 160 . 3 8 159 . 9 8 75 . 7 9 96 . 6 9 119 . 7 0 226 . 1 9 151 .36 71 .86 31 31 31 31 31 31 31 31 31 31 84 . 3 5 161 . 9 4 144 . 8 9 142 . 8 8 62 . 6 3 63 . 3 6 105 . 3 7 201 .10 134 . 6 6 60 . 0 5 31 31 31 31 31 31 31 -0.17 -2.51 4.65 —1*26 6.70 3.47 4.72 I N D I C E S , MAY 1 9 7 0 P A R I T I E S = 100 GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA WEIGHTED AVERAGE EXCHANGE VALUE I N D I C E S , MAY 1 9 7 0 = U . S . DOLLAR GERMAN MARK JAPANESE YEN DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N FRANC CHART 2 . Si 100 MAY MAY MAY MAY MAY MAY MAY MAY MAY MAY 3-MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWI SS FRANC DUTCH GUILDER JAPANESE YEN MAY MAY MAY MAY MAY MAY MAY SERIES NAME CHART 3 . GOLD PRICE I N LONDON U . S . DOLLARS PER F I N E OUNCE 4. MAY 3 1 MAY MAY MAY MAY MAY MAY MAY MAY MAY MAY 31 31 26 19 26 26 26 26 19 26 7.36 7.62 8.38 8.06 3.50 3.34 4.13 7.75 4.19 0.52 MAY MAY MAY MAY MAY MAY MAY 31 31 31 31 31 31 31 7 .. 4 0 3 . .62 4 .. 5 0 8 . .02 8 .. 1 3 9 ,. 1 4 1..42 MAY MAY MAY MAY MAY MAY 31 31 31 31 31 31 7 ,. 6 2 7 .. 5 8 7 .. 8 9 8 .. 0 2 8 .. 4 2 8 .. 5 8 MAY MAY MAY MAY MAY MAY 31 31 31 31 31 31 7.62 7.36 0.57 8.02 3-MONTH INTEREST RATES U . S . 90-DAY CD'S GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS EURO-DOLLAR DEPOSIT CANADIAN FINANCE PAPER INTERBANK STERLING SWISS INTERBANK LOAN CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1—MONTH 3-MONTH 6—MONT H 1-YEAR CHART 7 . 181.12 CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U . K . 2 - D A Y LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-OM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5 . LAST VALUE PLOTTED DATE VALUE 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 . 90-DAY CD'S D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS 7.40 0.32 SERIES NAME # ART 8 . INTEREST A R B I T R A G E , LAST VALUE PLOTTED DATE VALUE 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING ( L O N D O N ) , COVERED DIFFERENTIAL MAY 3 1 MAY 3 1 MAY 3 1 8.02 U . S . COMMERCIAL PAPER CANADIAN FINANCE PAPER, COVERED DIFFERENTIAL MAY 3 1 MAY 3 1 MAY 3 1 7.19 7.95 -0.77 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , COVERED DIFFERENTIAL MAY 3 1 MAY 3 1 MAY 3 1 8.27 EURO-DOLLAR DEPOSIT SWISS I N T E R B A N K , COVERED DIFFERENTIAL MAY 3 1 MAY 3 1 MAY 3 1 CHART 9 . —G » 2 6 8.02 8.13 -0.11 MAY MAY APRIL MAY MAY MAY MAY MAY 19 19 19 19 12 19 26 8.35 5.44 5.98 3.48 9.09 10.54 6.80 11.33 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . 8.02 LONG TERM GOVERMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. 6.63 1.39 8.56 6.52 7.83 APRIL APRIL APRIL I N D U S T R I A L STOCK I N D I C E S UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY MAY MAY MAY MAY MAY MAY MAY 2 6 19 5 12 26 26 19 I 0 0 , T* 91.67 102.15 113.41 72.97 98.13 F E D E R A L H . 10 R E S E R V E s t a t i s t i c a l r e l e a s e JUNE FOREIGN EXCHANGE RATES FOR THE W E E K ENDING JUNE 2, 6* 1978 1978 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 Z E A L A N D NORWAY PORTUGAL SOUTH AFRICA SPAIN SRI L A N K A SWEDEN SWITZERLAND Digitized for UFRASER NITED KINGDOM MONETARY UNIT DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D. MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUDO RAND PESETA RUPEE KRONA FRANC POUND MAY 29 112.6700 6.58500 3.02300 89.3900 17.5400 23.1900 21.5500 47.2500 11.8500 181.7000 0.11497 0.44435 41.6300 4.3900 44.1300 100.6500 18.2800 2 .1775 lib.0000 1.2338 6.2700 21.3900 51.5900 181.7000 7 MAY 30 H 0 L 1 D A Y (RATE U . S . C E N T S ) MAY 31 113.0600 6.60000 3.05060 89.0400 17.7100 23.2350 21.7600 47.8300 11.8500 183.3500 0.11545 0.45180 41.8200 4.3900 44.5500 101.1000 18.4200 2.1775 lib.0000 1.2446 6.2700 21.6000 52.9000 183.3500 JUNE 1 113.1500 6.65000 3.05620 89.3300 17.7700 23.3550 21.7800 47.8250 11.8500 182.5700 0.11565 0.45145 41.8600 4.3900 44.5500 101.1000 18.4900 2.1900 lib.0000 1.2466 6.2700 21.6400 52.8500 182.5700 JUNE 2 113.2700 6.67000 3.06100 89.4550 17.7800 23.3550 21.7950 48.0400 11.9000 182.3000 0.11583 0.45200 41.8900 4.3900 44.8250 101.2000 18.5900 2.2000 115.1000 1.2477 6.2700 21.6400 53.0800 182.3000
@FedFRASER