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3 f a | Selected Interest & Exchange Rates Weekly Series of Charts MARCH 1,1976 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 f 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 AND WEIGHTED AVERAGE VALUES (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY SCALE Y=100 MAY ' 100 FOREIGN CURRENCY PRICE OF U.S. D O L L A R 90 \ 80 120 CANADIAN DOLLAR f V~\ I I I 140 J \ ^ I I X I 100 / 80 II JAPANESE Y E N h FRENCH FRANC f m 140 J \ 120 120 L / v . - 100 100 I I I I I . l l l l l l l l l l I I l l l l l l l l l l 200 200 - - 180 180 SWISS F R A N C 160 y / X Z X 160 GERMAN MARK n / V x 140 s j T f Tt-J J 120 r 100 y I / y / v y \ r ' \s-S~ 140 J 120 - V | I I I I I iihiliilii I M I II In In - 160 100 160 DUTCH GUILDER BELGIAN FRANC — 140 140 I -/ j / V \ -A" 120 100 l l l V 120 \Z l l l l iiliiliilii M I M I M I I I 120 100 120 - ITALIAN LIRA 100 100 \ ~ 80 V/ n I I - I I I J_L iliilii I I I I I I ^ Illllllllll II II V 80 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY ENT PER ANNUM CANADIAN DOLLAR 0 6 PER CENT PER ANNUM % 12% 6 SWISS FRANC 0 6 12 12 i i i m i i r— — GERMAN MARK DUTCH GUILDER 6 - 0 I I 6 I I 1 1 1 — 6 FRENCH FRANC JAPANESE YEN 2 per cent on scale equals 1 per cent on all others - 0 6 12 / : ft I I I I I I 1974 r v y v f I 1976 Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY 210 12.5 Kg BARS Afternoon fixing price 180 150 120 60 30 1974 1976 Chart 4 CALL MONEY RATES WEEKLY SERIES OVERNIGHT EURO-DOLLARS JAPAN 10 5 U.S. FEDERAL FUNDS 0 2C 20 U.K. 2 - D A Y LOCAL AUTHORITY FRANCE 15 10 5 0 15 10 15 NETHERLANDS CANADA • 5 0 20 20 EURO-SWISS FRANC GERMANY EURO-DM 1974 1976 1974 1976, Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES PER 12 UNITED STATES CD's CANADIAN FINANCE CO. PAPER 8 16 U.K. INTERBANK STERLING GERMAN INTERBANK RATE 12 8 lEURO—DOLLAR SWISS DEPOSIT RATE 10 6. JAPAN Monthly 1974 1976 1974 1976 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY 16 OVERNIGHT 12 8 4 16 16 6-MONTH 7-DAY 12 8 4 16 16 1-YEAR 1-MONTH 12 8 4 1974 1976 1974 1976 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY 3-MONTH Euro-dollar deposits FEDERAL FUNDS OVERNIGHT Euro-dollar deposits 90 DAY CD's -I I H J ill nvv-w-A DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1874 http://fraser.stlouisfed.org/ p — « irrr " ino in " S if Rr i*iv Federal Reserve Bank of St. Louis 1976, 1974 1976 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY: DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS PER ANNUM PER CENT PER J 20 20 15 INTERBANK DM Covered Frankfurt INTERBANK STERLING Covered London 15 EURO-DOLLAR DEPOSITS 10 10 EURO-DOLLAR DEPOSITS 5 0 yl / t DIFFERENTIAL ' ? | U 5 yvX 0 V- r V^" A / t 'v w \vX z V~"/' DIFFERENTIAL 5 5 10 10 1 15 CANADIAN FINANCE CO. PAPER, COVERED 15 EURO-DOLLAR DEPOSITS SWISS DEPOSITS (SF) COVERED 10 10 5 5 U.S. COMMERCIAL PAPER 0 0 DIFFERENTIAL DIFFERENTIAL" V S 5 1974 1976 1974 1976. \\ Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER 9 CANADA UNITED STATES 7 5 12 JAPAN \ Industrial 10 8 SWITZERLAND GERMANY 6 14 12 18 UNITED KINGDOM FRANCE 10 8 NETHERLANDS 6 4 12 12 _ U.S. CORPORATE Monthly 10 _ U S. CORPORATE Monthly Aaa bonds /\ 8 Euro-dollar bonds jro-Dm bonds 6 1974 1976 1974 1976 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 ** 180 UNITED STATES 100 45 400 140 300 100 UNITED KINGDOM JAPAN 200 100 35 240 140 180 100 SWITZERLAND CANADA 180 180 FRANCE General Index 100 100 GERMANY 45 1974 1976 1974 1976 SERIES NAME CHART 1 . DOLLAR PER FINE OUNCE FEE. FEB. FEB. FEB. FEB. FEB. FEB. 25 25 25 25 25 ?5 25 -3.64 -3.74 2.10 -4.57 3.98 2.53 0.07 FEB. 25 132.05 FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEE. FEB. FEB. ^5 25 20 •2 0 20 13 20 20 13 13 4.80 4.89 6.50 8.75 3.00 2.92 7.00 7.69 4.13 1.09 FEB. FEB. DEC. FEB. FEB. FEB. FEB. :5 : b 5.13 3.72 8.51 5.58 6.95 8.75 5.00 >5 25 iS 25 25 25 ?5 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 CHART 5 , 25 ?5 87.21 119.17 143.02 135.75 84.37 109.16 123.98 170.84 127.86 79.75 u5 GOLD PRICE I N LONDON U.S. 4. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEB. FEE. 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN 3. 0 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 2. LAST VALUE PLOTTED DAI f: VALUE 3-MONTH INTEREST RATES U . S . CD'S ( 6 0 - 8 5 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT 25 25 <.'5 ?5 LAST VALUE PLOTTE! TATE VALUE S E R I E S NAME CHART 6 . EURO-DOLLAR DEPOSIT R A T E S : LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6—MONTH 1-YEAR CHART 7 . F E E . 25 FEE. 25 FEB. 25 F E E . 25 F E E . 25 F E E . 25 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 « L J . FOR RESERVE REQUIREMENTS 3-MONTH EURU-DGLLAR D E P O S I T RATE U . S . C D ' S ( 6 0 - 8 ° DAYS) D I F F E R E N T I A L A C J . FOR RESERVE REQUIREMENTS CHART 8 . INTEREST ARBITRAGE, FEE. FEE. FEE. FEE. FEE. FEE. 25 25 25 25 25 25 4 .69 4 .80 0 .30 5 .56 5 .13 0 .35 FEE. FEE. FEE. 25 25 25 5 .55 5.01 0.56 FEE. FEB. FEB. 25 25 25 5.15 5.3) —0 . 1 6 FEE. FEE. FEE. C5 25 25 5.5 6 5.82 —0.24 FEE. FEE. FEE. 25 25 25 5.58 P .96 -3.40 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK S T E R L I N G (LONDON) , DIFFERENTIAL U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, DIFFERENTIAL EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , DIFFERENTIAL COVERED COVERED COVERED EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL 4.65 4.CF 5.12 5.56 6.31 6.94 ' ft LAST V -U5 PLOTTED DATE VALUE SERIES NAME CHART 9 . LONG T£ °M GOVERNMENT BOND YIELDS FEB. FEB. DEC. FEE. FEB. FEE. FEB. FEB. UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. lc 13 12 13 i: 7.79 7.86 9.40 5.37 9.33 9.90 7.09 13.46 CORPORATE JAN. JAN. JAN. AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . 2i r. 8.60 7.82 8.41 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY FEB. FEB. FEB. JAN. FEE. FEB. FEB. / V 20 12 13 2 13 20 13 105.41 222.00 104.94 108.03 96.59 73.64 99.16 m»_ FEDERAL RESERVE .id ,.i.„. H.10 MARCH 2, 1976 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING FEBRUARY 2 7 , 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 SRI LANKA SWEDEN SWITZERLAND UNITED KINGDOM MONETARY UNIT FEB. 23 FEB. 24 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 125.7500 5.47000 2.55700 101.0700 16.3000 26.1100 22.3300 39.0900 11.1500 202.5000 0.12640 0.33050 38.9500 8.0000 37.4900 104.2000 18.1100 3.6100 114.8000 1.5070 12.9500 22.8400 39.0700 202.5000 125.7000 5.47000 2.55850 101.0800 16.2600 26.1500 22.3100 39.1300 11.1500 202.5000 0.12510 0.33110 39.0000 8.0000 37.5000 104.1900 18.1200 3.6200 114.8000 1.5075 12.9500 22.8500 39.1200 202.5000 / / (RATE U . S . CENTS) FEB. 25 125.7000 5.46000 2.55550 101.1700 16.3200 26.1400 22.3200 39.0200 11.1500 202.6200 0.12810 0.33110 39.0400 8.0000 37.4400 104.2000 18.0800 3.6100 114.8000 1.5060 12.9500 22.8400 39.0400 202.6200 FEB. 26 FEB. 27 125.8500 5.45000 2.55500 101.4700 16.2100 26.1500 22.3000 38.9800 11.1500 202.6000 0.12940 0.33100 39.0700 8.0000 37.3900 104.2500 18.0400 3.5900 114.8000 1.5035 12.9500 22.8200 39.0000 202.6000 125.8000 5.44000 2.55250 101.5400 16.1800 26.1400 22.2900 38.9300 11.2000 202.5200 0.12940 0.33100 39.0800 8.0000 37.3200 104.2500 18.0400 3.6000 114.8500 1.5020 12.9500 22.8000 38.9300 202.5200
@FedFRASER