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Selected Interest & Exchange Rates XAfeekly Series of Charts MARCH 15,1976 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 135 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 RATESH.10 RELEASE CHARTS 1. SPOT EXCHANGE RATE INDEXES 2 3-MONTH FORWARD EXCHANGE RATES a 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 3 SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY SCALE V»100 MAY ' 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 90 80 120 CANADIAN DOLLAR V"\ ~ \ / ^ I I / V 100 V~ I 00 — 140 JAPANESE YEN f\ FRENCH FRANC 120 I v 100 i 200 v i I V.. I I 100 I f SWISS FRANC / U - 140 W r _ 160 140 - V ! 100 ,/• 1/ /,-V 120 V A V , H 160 180 t 1 GERMAN MARK 180 200 - 100 140 190 ' \ ' ' Vv i 7 /A - 180 I | 1 1 1 1 1 1 100 160 DUTCH GUILDER BELGIAN FRANC 140 140 >/ 120 100 J 7 I I I I I I I In1111EUD \ / ^ /V'. v / I I i vx. 120 -v— ' V 100 1 1 1 1 1 120 120 U.K. POUND 100 100 \ II 80 - ITALIAN LIRA - "i i i ^ It I V 80 1 1 1 1974 1976 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY -NT PER ANNUM 6 CANADIAN DOLLAR 0 6 PER CENT PER ANNUM 12 6 SWISS FRANC r 0 6 12 12 i i r r i i i GERMAN MARK I I I I - I I 111111 I DUTCH GUILDER 6 0 6 6 FRENCH FRANC JAPANESE YEN 2 per cent on scale equals _ 1 per cent on all others 0 6 J/ X " - V ! 1 12 M i l l 1 1974 1 lllllllllll iiliiliihi 1976 A Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY US. DOLLARS PER FINE OUNCE — I 210 - 12.5 Kg BARS Afternoon fixing price 180 150 120 90 60 30 1974 1976 Chart 4 CALL MONEY RATES WEEKLY SERIES OVERNIGHT EURO-DOLLARS JAPAN 10 S U. S. FEDERAL FUNDS 0 20 20 U.K. 2 - D A Y LOCAL AUTHORITY FRANCE 15 10 5 0 15 10 15 NETHERLANDS CANADA 5 0 In. 20 20 EURO-SWISS FRANC 15 GERMANY 10 5 0 EURO-DM 5 1974 1976 1974 1976 1 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES 12 UNITED STATES CD's CANADIAN FINANCE CO. PAPER 8 4 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 16 3-MONTH OVERNIGHT 12 8 4 ill 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 PER CENT PER ANNUM 15 | — 3-MONTH Euro-dollar deposits FEDERAL FUNDS 10 OVERNIGHT Euro-dollar deposits 5 90 DAY CD's 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: PLUSW, INDICATES FAVOR DOLLAR ASSETS PEP PER CENT PER AN ENT PER ANNUM 20 20 15 INTERBANK DM Covered Frankfurt INTERBANK STERLING Covered London 15 EURO-DOLLAR DEPOSITS 10 10 5 0 EURO-DOLLAR DEPOSITS 5 ; v, /VyVi 0 DIFFERENTIAL DIFFERENTIAL « 5 10 10 I I 11 1111111 II l l l l l l l l 15 CANADIAN FINANCE CO. PAPER, COVERED l l l l l l l l l l l l l l l l 15 EURO-DOLLAR DEPOSITS SWISS DEPOSITS (SF) COVERED 10 5 10 5 U.S. COMMERCIAL PAPER 0 0 DIFFERENTIAL DIFFERENTIAL 5 5 1974 1976 1974 1976. Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES 9 CANADA UNITED STATES 7 5 12 9 , JAPAN \ Industrial 10 6 SWITZERLAND GERMANY 6 iihiliilnliiliiliilii 14 12 19 UNITED KINGDOM FRANCE 10 8 NETHERLANDS 6 4 12 12 U.S. CORPORATE Monthly 10 - Aaa bonds U S. CORPORATE Monthly / f > Euro-dollar bonds 8 Euro-Dm bonds 6 1974 1976 1974 1976 sseaessBug i m s m as * .«9 * « S»a Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 180 UNITED STATES 100 140 400 300 100 UNITED KINGDOM JAPAN 200 60 100 35 240 140 180 100 SWITZERLAND CANADA 60 100 60 35 180 180 FRANCE General Index 100 100 GERMANY 60 60 1974 45 1976 1974 1976 v> 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 MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH MARCH 10 10 10 10 10 10 10 10 10 10 88.18 119.49 142.35 134.85 81.56 109.53 122.66 169.31 126.91 78.19 MARCH MARCH MARCH MARCH MARCH MARCH MARCH 10 10 10 10 10 10 10 -4.13 -3.95 2.07 -6.59 3.99 2.73 0.04 MARCH 10 133.10 CHART 2 . 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN CHART 3 . GOLD PRICE I N LONDON U . S . DOLLAR PER FINE OUNCE CHART 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 MARCH MARCH MARCH MARCH MARCH FEB. MARCH MARCH FEB. FEB. 10 10 5 5 5 27 5 5 27 27 4.86 5.03 8.63 8.75 3.50 3.72 7.00 7.44 2.24 1.85 MARCH MARCH DEC. MARCH MARCH MARCH MARCH 10 10 5.25 3.70 8.51 5.64 9.55 8.63 5.00 CHART 5 . 3—MONTH INTEREST RATES U . S . CD'S 1 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT 10 10 10 10 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON MARCH MARCH MARCH MARCH MARCH MARCH 10 10 10 10 10 10 5 .03 5 .06 5 .26 5 .64 6 .41 7 .05 10 10 10 10 10 10 5.03 4.86 0.38 5.64 5.25 0.29 MARCH 10 MARCH 10 MARCH 10 5.64 4.68 0.96 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL MARCH 10 MARCH 10 MARCH 10 5.25 5.42 -0.17 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL MARCH 10 MARCH 10 MARCH 10 5.64 5.77 -0.13 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL MARCH 10 MARCH 10 MARCH 10 5.64 8.99 -3.35 OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 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 ADJ. FOR RESERVE REQUIREMENTS MARCH MARCH MARCH MARCH MARCH MARCH CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL % SERIES NAME CHART 9 . LAST VALUE PLOTTED DATE VALUE LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM MARCH FEB. DEC. FEB. FEB. FEB. FEB. FEB. 5 27 27 27 20 27 20 7.83 7.74 9.40 5.29 9.27 9.91 7.08 13.63 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . JAN. JAN. JAN. 8.60 7.82 8.41 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY MARCH FEB. FEB. JAN. FEB. FEB. FEB. 5 27 20 2 20 27 27 104.79 223.72 107.37 108.03 93.35 71.76 100.28 - # # . F E D E R A L R E S E R V E statistical release H.10 MARCH 1 5 , 1976 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MARCH 1 2 , 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 MAR. 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 124.5500 5.45000 2.53950 101.5000 16.1900 26.0400 22.0900 38.9500 11.0000 194.1500 0.12530 0.33250 39.1400 8.0000 37.3000 102.6600 18.0800 3.5400 114.8500 1.4985 12.9500 22.7500 38.8000 194.1500 8 MAR. 9 CRA TE U . S . CENTS > MAR. 10 124.6700 5.41000 2.53950 101.5300 16.1600 26.0300 22.0800 38.9300 11.0000 194.1000 0.12520 0.33210 39.0800 8.0000 37.2700 102.1100 18.0400 3.5500 114.8500 1.4950 12.9500 22.7200 38.7700 194.1000 124.6100 5.42000 2.53200 101.6200 16.1400 26.0200 22.0500 38.9000 11.0000 1 9 1 . 2 500 0.12440 0.33190 39.0500 8.0000 37.2200 102.2400 17.9900 3.5500 114.8500 1.4975 12.9500 22.7400 38.8200 191.2500 MAR. 1 1 MAR. 12 124.3600 5.39000 2.52000 101.5600 16.0900 25.9400 21.9700 38.7700 11.0000 193.3000 0.12440 0.33190 38.9600 8.0000 37.1500 101.5500 17.9400 3.5300 114.8500 1.4930 12.9500 22.6800 38.6200 193.3000 124.6400 5.40000 2.51950 101.4400 16.0800 25.9800 21.9500 38.7600 11.2000 192.500C 0.12400 0.33240 38.9000 8.0000 37.0800 102.0800 17.9500 3.5200 114.8000 1.4930 12.9000 22.6600 38.6600 192.5000
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