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Selected Interest & Exchange Rates Weekly Series of Charts MAY 3,1976 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 V 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 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 Chart 1 SPOT EXCHANGE RATES D O L L A R PRICES OF F O R E I G N C U R R E N C I E S A N D W E I G H T E D A V E R A G E V A L U E S ( D A S H E D LINE) A V E R A G E S FOR W E E K E N D I N G W E D N E S D A Y C A N A D I A N DOLLAR 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 90 80 v - w I I I JAPANESE YEN J) FRENCH FRANC I | | | | | | | | | I 1 1 1 200 - - - 180 - 160 GERMAN MARK ^ 140 100 160 " v / 4 i l l i _ i 111II111111 - N Z\ r\J - BELGIAN FRANC V W - / \ V ' I : ni,it,,I,, DUTCH GUILDER J 100 i SWISS FRANC | I I I I 11111111111 I 120 I T A L I A N LIRA U.K. POUND I V " " l \ \ I I I I I I - 11111111111 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 Al 6 U.K. POUND _ SWISS FRANC 0 - 6 I 12 I I I I I I I I 11 I11 I I I II I I I I I I M I I I 12 GERMAN MARK _ DUTCH GUILDER G - 0 6 6 i I I I i i i FRENCH FRANC I I I f I I I I I II I II I II I _ JAPANESE YEN 2 per cent on scale equals — 1 per cent on all others 0 6 12 : i r i i I i I 1974 " y I 1976 < Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE 12.5 Kg BARS Afternoon fixing price 180 150 120 90 60 1974 1976 Chart 4 CALL MONEY RATES WEEKLY SERIES PER CENT 15 r~ OVERNIGHT EURO-DOLLARS JAPAN 10 5 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 20 20 EURO-SWISS FRANC GERMANY EURO-DM 1974 1976 1974 1976 - i 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 L o n d o n AVERAGES FOR WEEK ENDING WEDNESDAY 16 OVERNIGHT 3-MONTH 12 8 4 16 6-MONTH 7-DAY V \ 16 1-MONTH 1-YEAR 1974 1976 1974 1976 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 3-MONTH Euro-dollar deposits FEDERAL FUNDS OVERNIGHT Euro-dollar deposits 90 DAY CD's DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements Favors Borrowing in U.S. if 1974 Positive 1976 1974 1976 Chai t 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: P L U S M , INDICATES FAVOR D O L L A R ASSETS PER ANNUM PER CENT PER 20 15 INTERBANK DM Covered Frankfurt INTERBANK STERLING Covered London 15 EURO-DOLLAR DEPOSITS 10 10 EURO-DOLLAR DEPOSITS 5 5 0 f\ DIFFERENTIAL ( U yvX 0 V-rV~"v^-'\v,v DIFFERENTIAL 5 5 10 10 15 C A N A D I A N FINANCE CO. PAPER, COVERED 15 E U R O - D O L L A R DEPOSITS SWISS DEPOSITS (SF) COVERED 10 10 5 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 JAPAN \ Industrial .10 8 SWITZERLAND GERMANY 6 1 18 12 UNITED KINGDOM FRANCE 10 8 NETHERLANDS 6 4 12 12 _ U.S. CORPORATE Monthly 10 . 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 RATIO SCALE 1969=100 180 UNITED STATES 60 45 140 400 300 100 UNITED KINGDOM JAPAN 200 60 140 240 100 SWITZERLAND CANADA 60 35 180 180 FRANCE ' General Index 100 100 GERMANY 60 45 45 1976 1974 1976 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 CANADIAN DOLLAR FRENCH FRANC SWISS FRANC B E L G I A N FRANC ITALIAN LIRA CHART 2 . GOLD PRICE U.S. CHART 4e 5. 28 28 28 28 28 28 26 28 28 26 IN APRIL 28 APRIL 28 APRIL 26 APRIL 28 A P R I L 28 APRIL 28 APRIL 28 90 . 5 4 120 . 1 7 144 . 1 3 134 . 6 0 76 . 0 0 109 . 9 0 119 . 0 5 173 . 0 5 126 . 3 5 70 . 2 1 -4.28 -5.61 2.17 -5.89 4.20 2.14 0.25 LONDON DOLLAR PER F I N E OUNCE APRIL 28 127.84 APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 28 28 23 16 23 16 23 23 16 16 4.94 4.99 9.13 8.40 1.70 2.79 6.75 7.63 3.47 0.46 APRIL 28 A P R I L 28 FEB. APRIL 28 A P R I L 26 APRIL 26 APRIL 26 5.00 3.50 6.35 5.39 9.67 9.80 4.50 CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-LOLLAR DEPOSITS U . K . 2 - U A Y LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL APRIL 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN CHART 3 . L A S T VALUE PLOTTED DATE VALUE 3-MONTH I N T E R E S T RATES U . S . C D ' S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR D E P O S I T CANADIAN FINANCE COMPANY PAPER INTERBANK S T E R L I N G SWISS DEPOSIT LAST VALUE PLOTTED LATE VALUE S F R I E S NAME CHART 6 . EURO-DOLLAR DEPOSIT R A T E S : LONDON 7. SELECTED EURO-DOLLAR AND U . S . INTEREST ARBITRAGE, 4,99 4.96 5.26 5.39 5.95 6.74 APRIL 28 APRIL 28 APRIL 28 APRIL 28 APRIL 28 APRIL 28 4.99 4.94 0.26 5.39 5.00 0.29 APRIL 28 APRIL 28 APRIL 28 5.39 4.19 1.20 MONEY MARKET RATES OVERNIGHT EURO-DOLLAR D E P O S I T S U . S . FEDERAL FUNDS D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS 3 - M H N T H EURO-DOLLAR D E P O S I T 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 8. 28 28 28 28 28 28 APRIL APRIL APRIL APRIL APRIL APRIL OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK S T E R L I N G ( L O N D O N ) , DIFFERENTIAL COVERED U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL APRIL APRIL APRIL 28 28 28 5.00 5.40 -0.40 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , DIFFERENTIAL APRIL 28 APRIL 28 APRIL 28 5.39 5.67 -0.28 28 28 28 5.39 8.70 —3.31 COVERED EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL APRIL APRIL APRIL L A S T VALUE P L O T T E D DATfc VALUE SER1C S NaMf: CHART 9. LONG TERM GOVERNMENT BOND Y I E L D S APRIL APRIL FEB. APRIL APRIL APRIL APRIL APRIL U N I T F l ; STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS U N I T E D KINGDOM U.S. 10. 16 16 9 16 9 7.52 7.65 6.61 5.16 9.3) 10.03 7.14 13.95 CORPORATE MARCH MARCH MARCH AAA BUNDS EURO-DM BONDS E U R O - D O L L A R BONDS CHART 23 9 INDUSTRIAL U N I T E D STATES JAPAN CANADA FRANCE U N I T E D KINGDOM SWITZERLAND GERMANY STOCK 8.5? 7.40 8.14 INDEXES APRIL APRIL APRIL MARCH APRIL APRIL APRIL 23 16 16 12 9 16 16 107 217 105 114 94 71 102 .75 .72 .32 .51 .24 .36 .33 FEDERAL H.IO RESERVE APRIL FOREIGN EXCHANGE RATES FOR THE WEEK ENDING APRIL 30, 30, 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 AUSTRALIA AUSTRIA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY INDIA IRELAND ITALY JAPAN MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY PORTUGAL SOUTH AFRICA SPAIN S R I LANKA SWEDEN SWITZERLAND U N I T E D KINGDOM MONETARY UNIT APR. 26 APR. 2 7 DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR RE SO GUILDER DOLLAR KRONE ESCUDO RAND PESATA RUPEE KRONA FRANC POUND 123.5000 5.50000 2.56800 101.6700 16.5600 25.9500 21.4400 39.3800 11.2000 181.8500 0.11220 0.33350 39.0000 8.0000 37.1900 99.2600 18.2300 3.3600 114.8500 1.4845 11.9000 22.7500 39.5900 181.8500 123.3000 5.50000 2.56850 101.7700 16.5900 25.9600 21.4300 39.3700 11.2000 18 2 . 2 5 0 0 0.11230 0.33410 39.0100 8.0000 37.1700 99.4000 18.2200 3.3600 114.8500 1.4845 11.9000 22.7400 39.5400 182.2500 (RATE U . S . APR. CENTS) 28 123.3300 5.51000 2 . 5 7 2 50 101.8100 16.6300 25.9000 21.4400 39.4000 11.2000 183.1500 0.11190 0.33420 39.0100 8.0000 37.1700 99.1500 18.2300 3.3600 114.8500 1.4840 11.9000 22.7600 39.6400 183.1500 APR. 29 APR. 123.6500 5.51000 2.57550 101.8600 16.6300 26.0000 21.4500 39.4500 11.2000 184.1000 0.11140 0.33410 39.0700 8.0000 37.2200 99.7500 18.2300 3.3600 114.8500 1.4845 11.9000 22.7800 39.7800 184.1000 123.6500 5.51000 2.57800 102.1600 16.6300 26.0100 21.4500 39.4300 11.1500 184.0000 o.inoo 0.33440 39.1500 8.0000 37.2600 99.9500 18.2500 3.3600 114.8500 1.4835 11.9000 22.7900 39.7500 184.0000 30
@FedFRASER