Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : May 4, 1992

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Selected Interest &
Exchange Rates
Weekly Series of Charts

May 4 , 1 9 9 2

DIVISION OF
INTERNATIONAL FINANCE

Prepared by the
FINANCIAL MARKETS
SECTION

BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
Washington, D.C. 20551




Table of Contents

TABLES
1. LATEST FIGURES PLOTTED
2. DAILY CERTIFIED SPOT
EXCHANGE RATES
H.10 RELEASE
CHARTS
1. SPOT EXCHANGE RATE INDICES
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 INDICES




SUBSCRIPTION RATES:
Weekly $30.00 per year or $.70 each in the United
States, its possessions, Canada, and Mexico.
Elsewhere. $35.00 per year or $.80 each. Address
requests to Publications Services Division of
Support 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.

CHART 1

SPOT EXCHANGE INDICES
DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE)
AVERAGES FOR WEEK ENDING WEDNESDAY
RATIO SCALE
MARCH 1973=100
140
130
120

RATIO SCALE
MARCH 1973=100
140
130
120

FOREIGN CURRENCY
PRICE OF U.S. DOLLAR

110

110

100

100
90

90

BELGIAN FRANC

80

80
70

» i

» I

i

i

i

I

i

i

» I

i

i

i

•

I

•

I

'

'

I

I

I

I

1 I

I

I

I

70

280

280

260

260

SWISS FRANC

240

240

JAPANESE YEN

220

220

200

200

180

180

160

160

140
100

I

90

I

I

I

I

I

I

I

I

I

I

I

'

I

»

•

•

1

1

I

1

'

>

1

1

•

1

'

1

•

140
100
90

UNITED KINGDOM

80

80

70

70

CANADIAN DOLLAR
60

60
50
200

i

i

'

l

i

i

» I

i

i

i

I

i

'

»

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

200

180 —

180

DUTCH GUILDER

160

160

GERMAN MARK

140

140

120

120
100
120

50

•

•

•

I

•

'

I

I

I

'

I

I

I

'

'

I

I

» I

I

I

I

I

'

I

I

I

I

I

100
60

100

55

ITALIAN LIRA

FRENCH FRANC

50
45
40

80

35

60

'

:

i




I

i

'
1990

'

I

i

i

i

I

i

'
1992

i

i

i

i

I

i

i
1990

i

i

i

i

i

I

i

i
1992

i

30

CHART 2

3-MONTH FORWARD EXCHANGE RATES
PREMIUM (+) OR (-)
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
4 f

PERCENT PER ANNUM
4

CANADIAN DOLLAR

1

1

1

I

1

1

1

U.K. POUND

1

I

1

I

I

I

I

'

•

'

> I

1

i

1

l

'

1

i

l

i

» i

12
8

GERMAN MARK

» « » l

i

JAPANESE YEN

« '

'

•

SWISS FRANC

DUTCH GUILDER
—

X

V
\zv>V x,

W

V

VAx

-

1 1 1 I 1 1 1 I 1 1 1 11 1 1

1

FRENCH FRANC

ITALIAN LIRA

1

1

1

1

1

1 I1 I I ,

—

12

1 1 1 1 1 1 1 11 1 1 11 1 1




1990

1992

1

1

1

V

1

1

1

1

1

1
1990

1

1

—

1 1

1

1 1

1

1
1992

1

12

CHART 3

PRICE OF GOLD IN LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY
U.S. DOLLARS PER FINE OUNCE

U.S. DOLLARS PER FINE OUNCE

420

—

420

—

400

—

380

—

360

—

340

12.5 Kg BARS
AFTERNOON FIXING PRICE

320




1989

1990

1991

1992

320

CHART 4

CALL MONEY RATES
WEEKLY SERIES
PERCENT PER ANNUM

PERCENT PER ANNUM

12

12
FRANCE
U.S. FEDERAL FUNDS

JAPAN

GERMANY

NETHERLANDS

UNITED KINGDOM
CANADA

SWITZERLAND

i

i

i

I




i

i
1990

i

i

i

i

i

I

i

i
1992

i
1990

1992

CHART 5

3-MONTH INTEREST RATES
WEEKLY SERIES
PERCENT PER ANNUM

PERCENT PER ANNUM
WEIGHTED AVERAGE
FOREIGN RATE

8

U.S. CD'S

6

CANADIAN FINANCE PAPER
4

5

2
16

14

12
NETHERLANDS INTERBANK RATE

U.K. INTERBANK STERLING
10

4

8
9

7

5

FRENCH INTERBANK RATE

JAPANESE CD RATE

6

3
10

8

6

4




SWISS INTERBANK

GERMAN INTERBANK RATE

5
1990

1992

1990

1992

CHART 6

EURO-DOLLAR DEPOSIT RATES LONDON
AVERAGES FOR WEEK ENDING WEDNESDAY

12

CENT PER ANNUM

PERCENT PER AN

12

OVERNIGHT

10

3-MONTH

10

8

8

6

6

4

4

2
12

i

'

'

l

i

i

i

I

i

i

i

I

i

i

i

I

I

'

I

I

I

» I

I

1 I

1 I

I

I

2

12

7-DAY

10

6-MONTH

10

8

8

6

6

4

4

2
12

'

i

i

I

i

i

i

l

i

'

i

I

» i

'

1

'

1

l

1-MONTH

10

1

1

1

1

l

1

•

1

1

1

1

2
12

1-YEAR

10

8

8

6

6

4

4

2

•

'

'

I




•

1

1990

1

i

1

1

1

i

1

1

1

1992

i

i

i

I

i

i
1990

i

I

i

i

i

I

i

i
1992

i

2

CHART 7

SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES
DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U.S.
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM

PERCENT PER ANNUM

12

12

10

OVERNIGHT

3-MONTH

EURO-DOLLAR DEPOSITS

EURO-DOLLAR DEPOSITS

FEDERAL FUNDS

90-DAY CD'S

DASHED LINE

J

I

I

I

I

I—J

DIFFERENTIAL

DASHED LINE

I

i




i

I

i

i
i
1990

I

I

I

L

J

I

i

I

I

I

I

I

I

l

I

l

I

l

I

I

I

I

I

L

DIFFERENTIAL

HMA AA.U

i

I

I

lvy^/vVv\v^^

i

I

i

i

Aajl/vA / V

i

i

i

,.rVAs.,

i
i
1992

J

I

I

I

I

I
I
1990

I

I

I
L
1992

CHART 8

INTEREST ARBITRAGE: 3-MONTH FUNDS
DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS
AVERAGES FOR WEEK ENDING WEDNESDAY
PERCENT PER ANNUM
12

PERCENT PER ANNUM

12

8

COVERED LONDON

INTERBANK STERLING

CANADIAN FINANCE
CO. PAPER, COVERED

EURO-DOLLAR DEPOSITS

U.S. COMMERCIAL PAPER

—

4 —
DASHED LINE

DASHED LINE

i

i

i

I

i

i

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I

i

i

i

I

i

i

'

i

i

» i

i

'

I

i

i

i

I

i

i

l

i

t

i

l1

M

i

—

DIFFERENTIAL

DIFFERENTIAL

2
12

I

I

I

I

I

I

I

I

I

I

I

I

I

I

I

•

i

i

I

i

i

i

i

INTERBANK DM

COVERED FRANKFURT

SWISS INTERBANK (SF) COVERED

i\

4 —

EURO-DOLLAR DEPOSITS

EURO-DOLLAR DEPOSITS

DASHED LINE

DASHED LINE

i

i

i

I

i

i

i

I

i

i

i

I

i

i

i

I

I

'

I




I

'

I
1990

'

I

I

I

I

I

I

I

I

I

I

I

i

•

•

•

'

« '

DIFFERENTIAL

DIFFERENTIAL

I

I

I

I

'

I

I

I

I
1992

I

1 •

•

I

I

1 •
1990

1992

•

•2

CHART 9

LONG-TERM GOVERNMENT BOND YIELDS
WEEKLY SERIES

10

RCENT PER ANNUM

PERCENT PER ANN I
13

UNITED STATES

UNITED
KINGDOM

9

12

8

11

7

10

6
12

1

» '

I

1

»

1

1

1

'

1

»

'

'

'

'

i

i

l

'

» i

I

'

1

i

iv i

I

1

9

12

CANADA

FRANCE

11

11

10

10

9

9

8

8

7
8

1

'

1

1

1

1

1

1

1

I

I

I

I

I

I

'

SWITZERLAND

» » l

i

'

'

I

•

» i

I

i

i

i

7
8

JAPAN

7

7

6

6

5

5

4

I

I

I

I

I

I

I

I

I

I

I

1 I

I

I

i

i

i

I

i

i

i

I

i

i

i

I

i

i

10
NETHERLANDS

i

4
10

GERMANY

9

9

8

8

7

7

6

1

1

1

l




•

•
1990

1

1

1

1

1

i

1

1

1

1992

'

'

1

l

»

1

1990

1

I

» i

i

I

i

» i
1992

6

CHART 10

STOCK INDICES
WEEKLY SERIES
RATIO SCALE
1986=100

RATIO SCALE
1986=100

200

200
UNITED KINGDOM

UNITED STATES

GERMANY
JAPAN

FRANCE

SWITZERLAND

135

135

NETHERLANDS

CANADA
120

120

105

105

90

90

75

i i i Ii i i Ii ii Ii i i




1990

1992

•

i

i

l

i

i
1990

i

l

•

•

'

l

i

i
1992

'

75

SERIES
l-Apr-92
Chart 1.

(U.S.

cents,

weekly averages)

Belgian franc
Canadian d o l l a r
French f r a n c
German mark
Italian lira
Japanese yen
Netherlands g u i l d e r
Swiss f r a n c
U.K. pound
Indices,

Weighted average exchange v a l u e i n d i c e s ,
Belgian franc
Canadian d o l l a r
French f r a n c
German mark
Italian lira
Japanese yen
Netherlands g u i l d e r
Swedish krona
Swiss f r a n c
U . K . pound
U.S. d o l l a r

2.9578
84.416
17.966
60.827
0.08082
0.75235
54.025
66 .084
176.36

2.9144
84.594
17.738
59.934
0.07978
0.74540
53.242
64.722
174.89

2.9364
83.966
17.904
60.406
0.08034
0.74738
53.667
65.410
177.22

115 .97
83 .74
80 .52
170,.42
46 ..11
196 . 12
154. 44
2 1 3 . 68
7 0 . 03

117 . 6 4
83 .79
81 . 7 1
172 .77
46 ,.69
196 .67
156 ..57
215. 49
7 0 . 54

116 .55
84 . 1 4
80 .96
171 . 1 1
46 .39
196 .99
155..09
212. 60
7 1 . 33

114 . 8 4
84 . 3 1
79 . 9 3
168 .60
45 .79
195 .17
152 . 8 5
208 . 2 2
70 .74

115 . 7 1
83 .69
80 .68
169 .93
46 ..12
195,.69
154. 07
2 1 0 . 43
7 1 . 68

107 . 2 5
75 .59
71 .71
171 . 3 3
39 .39
193 . 8 3
145 .69
67 . 4 2
198 .66
62 .57
89 .54

106 .60
76 .50
71 . 4 1
170 .16
39 . 2 2
193 .77
144 . 8 3
67 .06
196 .27
62 . 6 1
90 .57

106 .86
75 .46
71 . 7 4
170 .69
39 .30
193 . 2 2
145 . 2 5
67 .30
197 .36
63 . 17
89 .97

Mar.

1973=100
107 .96
75 .00
72 . 2 1
172 .68
39 . 5 3
192 .80
146 .68
67 .56
200 . 8 1
61 .59
89 .18

3 - M o n t h F o r w a r d Exchange R a t e s , Premium o r D i s c o u n t
- 2 .91
- 5 .79
- 5 .42
- 7 .64
- 0 .62
- 5 ,. 3 1
- 4 ..54
- 6 ..37

Gold P r i c e i n

Call

.86
.72
.47
.75
.50
.29
.51
..47

- 2 .82
- 5 .86
- 5 .49
- 7 .80
- 0 .52
- 5 , 29
- 4 . 38
- 6 . 16

3 4 1 . 98

3 3 9 . 32

4 . 09
4 . 14
6 . 90
9 . 86
9 . 61
5 . 39
9 . 44
7 . 88
9 . 98

3 . 98
4 . 05
6 . 85
9 . 76
9 . 64
4 . 68
9 . 17
7 . 88
9 . 33

-2
-5
-5
-7
-0
-5
-4
-6

.62
.82
.53
.75
.52
.31
.52
,.13

- 2 .61
- 5 .97
- 5 .78
- 7 .98
- 0 .62
- 5 .60
- 4 . .72
- 6 ..32

3 3 9 . 82

337 . 63

336 . 88

3 . 65
3 . 83
6 . 95
9 . 88
9 . 59
4 . 67
9 . 17
6 . 88
10. 30

3 . 47
3 . 73
6 . 55
9 . 81
9 . 62
4 . 70
9 . 16
7 . 21
1 0 . 23

ND
3 . 64
6 . 30
9 . 91
9 . 63
4 . 70
9 . 32
7 . 88
1 0 . 53

Money R a t e s

U.S. f e d e r a l funds
Overnight Euro-dollar
Canada
France
Germany
Japan
Netherlands
Switzerland
U n i t e d Kingdom




-2
-5
-5
-7
-0
-5
-4
-6

London, A f t e r n o o n F i x i n g

d o l l a r s p e r f i n e ounce

Chart 4.

2.9855
84.071
18.133
61.415
0.08134
0.75112
54.538
66.983
174.41

107 . 2 3
75 .60
71 .66
171 .50
39 . 3 4
193 . 9 2
145 .78
67 .19
200 .70
61 . 6 4
90 . 09

Canadian d o l l a r
French f r a n c
German mark
Italian lira
Japanese yen
Netherlands g u i l d e r
Swiss f r a n c
U . K . pound

U.S.

2.9431
84.020
17.868
60.583
0.08034
0.74902
53.796
66.418
173.15

M a r c h 1973 b a s e r a t e s = 100

Belgian franc
Canadian d o l l a r
French f r a n c
German mark
Italian lira
Japanese yen
Netherlands g u i l d e r
Swiss f r a n c
U . K . pound

Chart 3.

15-Apr-92 22-Apr-92 29-Apr-92

S p o t Exchange R a t e s a n d I n d i c e s

Noon b u y i n g r a t e s

Chart 2.

8-Api—92

deposits

SERIES
Chart 5.

1-Api—92

3-Month I n t e r e s t

4. 21
7 . 47
10. 02
9. 65
4. 88
9 ,55
8 .58
10 .83
8 .97

4
4
4
4
4
4
S e l e c t e d E u r o - d o l l a r & U.S.

Overnight Euro-dollar
U.S. f e d e r a l f u n d s
Differential

deposits

Interest

Arbitrage,

Euro-dollar deposit
Interbank s t e r l i n g (London),
Differential
U.S. commercial paper
Canadian f i n a n c e paper,
Differential

covered

covered

Euro-dollar deposit
Swiss i n t e r b a n k , covered
Differential

95
16
89
60
69
34
20
38
79

.14
.16
.14
.23
.41
.94

4.
4.
4.
4.
4.
4.

05
06
11
16
26
73

3.
3.
3.
4.
4.
4.

83
95
95
01
14
50

3 .73
3 .95
4 .00
4 .05
4 .18
4 .58

3
3
3
3
4
4

.64
.84
.88
.97
.16
.58

4 .14
4 .09
0 .05

4 . 05
3 . 98
0. 07

3. 83
3. 65
0. 18

3 .73
3 .47
0 .25

3 .64
ND
ND

4 .23
4 .21
0 .01

4 . 16
4 . 14
0. 02

4..01
3, 95
0. 06

4 .05
3 .97
0 .09

3 .97
3 .93
0 .04

4 .23
4 .29
- 0 .06

4 . 16
4 . 29
- 0 . 13

4. 01
4. 05
- 0 . ,04

4 .05
4 .04
0 .01

3 .97
3 .95
0 .02

4 .26
4 .50
- 0 .24

4 . 20
4. 45
- 0 . 25

3..99
4..29
- 0 . .30

3 .97
4 .34
- 0 .36

3 .95
4 .18
- 0 .23

4 .23
4 .10
0 .13

4..16
4..05
0. 12

4 .01
3 .98
0 ,03

4 .05
3 .94
0 .11

3 .97
3 .74
0 .23

4 .23
3 .93
0 .29

4..16
3. 99
0..17

4 .01
3 .73
0 .28

4 .05
3 .76
0 .29

3 .97
3 .87
0 .10

8 , .80
8 . 68
7 ..97
5..67
6 ..58
8 ..36
9..98
7 ,.43

8
8
7
5
6
8
9
7

.68
.65
,.89
.63
.53
.27
.28
.35

8 .80
8 .65
7 .92
5 .69
6 .54
8 .28
9 .17
7 .55

8 .89
8 .74
7 .97
5 .75
6 .60
8 .34
9 .19
7 .58

110,.57
146 ..05
105..08
92 .24
111 ..30
141 ..95
143 .89
160..20

113
147
106
99
113
145
159
168

.68
.61
.13
.96
.53
.71
.28
.46

.23
.75
.85
.02
.12
.39
.87
.71

111 .60
148 .85
105 . 2 3
99 .74
l i b .10
148 .10
161 .10
165 .49

Long Term G o v e r n m e n t B e l l w e t h e r Bond Y i e l d s
1 0 - y e a r m a t u r i t y , where a v a i l a b l e
8 .78
8 .70
8 .02
5 .45
6 .56
8 .41
9 .92
7 .53

Canada
France
Germany
Japan
Switzerland
Netherlands
U n i t e d Kingdom
United States
Chart 10.

3..93
6. 84
9..93
9. 65
4..71
9..43
8..69
10 .44
8 .80

3.
7.
9.
9.
4.
9.
8.
10.
8.

3 - M o n t h Funds

covered

Euro-dollar deposit
I n t e r b a n k DM ( F r a n k f u r t ) ,
Differential

Chart 9.

.97
.00
.88
.60
.72
.33
.38
.33
.77

14
36
93
65
74
49
60
93
93

Money M a r k e t R a t e s

3-month E u r o - d o l l a r d e p o s i t
U.S. 9 0 - d a y C D ' s , s e c o n d a r y market
Differential
Chart 8.

3
7
9
9
4
9
8
10
8

4.
7.
9.
9.
4.
9.
8.
10.
8.

E u r o - D o l l a r D e p o s i t Rates

Overnight
7-day
1-month
3-month
6-month
1-year
Chart 7.

15-Apr-92 22-Apr-92 29-Apr-92

Rates

U.S. 90-day CD's, secondary market
Canadian f i n a n c e paper
French i n t e r b a n k r a t e
German i n t e r b a n k r a t e
J a p a n e s e CD r a t e
Netherlands interbank rate
Swiss i n t e r b a n k r a t e
U.K. i n t e r b a n k s t e r l i n g
Weighted average f o r e i g n i n t e r e s t r a t e
CG-10 C o u n t r i e s )
Chart 6.

8-Api—92

Stock

Canada
France
Germany
Japan
Netherlands
Switzerland
U n i t e d Kingdom
United States

Indices

(Wednesday f i g u r e s )
113
144
104
102
110
142
145
164

.70
.92
.61
.81
.49
.35
.77
.24

I n d i c e s ( i n o r d e r , rebased t o 1986-100) a r e Toronto Composite,
T o k y o SE ( T o p i x ) , CBS A l l - G e n e r a l , S w i s s Bank I n d e x , F i n a n c i a l




112
147
106
97
114
146
157
165

CAC G e n e r a l , 1
FAZ A k t i e n
T i m e s O r d i n a r y , NYSE C o m p o s i t

FEDERAL RESERVE statistical release
H.101512)

May 4, 1992

FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING

MAY 1, 1992

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 rates in New York City for cable transfers payable in foreign currencies:
MONETARY
UNIT

Apr. 27

•AUSTRALIA
AUSTRIA
BELGIUM
CANADA
CHINA,P.R.
DENMARK
*EURO COMMUNITY
FINLAND
FRANCE
GERMANY
GREECE
HONG KONG
INDIA
*1RELAND
ITALY
JAPAN
MALAYSIA
NETHERLANDS
*NEW ZEALAND
NORWAY
PORTUGAL
SINGAPORE
SOUTH AFRICA
SOUTH KOREA
SPAIN
SRI LANKA
SWEDEN
SWITZERLAND
TAIWAN
THAILAND
•UNITED KINGDOM

DOLLAR
SCHILLING
FRANC
DOLLAR
YUAN
KRONE
ECU
MARKKA
FRANC
D. MARK
DRACHMA
DOLLAR
RUPEE
POUND
LIRA
YEN
RINGGIT
GUILDER
DOLLAR
KRONE
ESCUDO
DOLLAR
RAND
WON
PESETA
RUPEE
KRONA
FRANC
DOLLAR
BAHT
POUND

0.7562
11.625
33.970
1.1940
5.5254
6.3840
1.2423
4.4885
5.5655
1.6510
193.40
7.7380
28.800
1.6170
1241.00
133.13
2.5420
1.8579
0.5348
6.4530
139.85
1.6545
2.8795
783.20
103.58
N. A.
5.9610
1.5300
25.270
25.680
1.7800

MEMO:
HHJNITED STATES

DOLLAR

COUNTRY

89.72

(CURRENCY UNITS PER DOLLAR)
Apr. 28
Apr. 29
Apr. 30
0.7552
11.652
34.060
1.1954
5.5254
6.4030
1.2397
4.5025
5.5840
1.6555
193.60
7.7510
28.700
1.6125
1244.75
133.33
2.5360
1.8635
0.5376
6.4610
139.45
1.6555
2.8745
783.60
103.80
N. A.
5.9720
1.5173
25.270
25.650
1.7750
89.91

0.7589
11.657
34.090
1.1941
5.5239
6.4070
1.2385
4.5045
5.5860
1.6574
193.70
7.7565
28.700
1.6125
1245.50
133.50
2.5255
1.8655
0.5386
6.4660
139.75
1.6550
2.8790
783.90
103.91
N.A.
5.9800
1.5220
25.236
25.640
1.7698
90.01

0.7565
11.628
34.010
1.1960
5.5239
6.3980
1.2415
4.4960
5.5780
1.6525
193.60
7.7590
28.700
1.6153
1242.75
133.30
2.5270
1.8593
0.5372
6.4555
139.20
1.6595
2.8720
783.40
103.80
N.A.
5.9660
1.5170
25.222
25.640
1.7750
89.82

May. 1
0.7555
11.627
33.760
1.1888
N.A.
6.3500
1.2499
4.4600
5.5350
1.6410
192.40
7.7580
28.400
1.6257
1234.00
132.75
2.5240
1.8468
0.5380
6.4070
138.30
1.6530
2.8550
783.00
103.15
N.A.
5.9225
1.5010
25.181
N.A.
1.7860
89.23

•VALUE IS U.S. DOLLARS
**INDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G-10
COUNTRIES. MARCH 1973 = 100. WEIGHTS ARE 1972-76 GLOBAL TRADE OF EACH OF THE 10 COUNTRIES
SERIES REVISED AS OF AUGUST 1978. FOR DESCRIPTION AND BACK DATA, SEE "INDEX OF THE
WEIGHTED-AVERAGE EXCHANGE VALUE OF THE U.S. DOLLAR: REVISION" ON PAGE 700 OF THE AUGUST
1978 FEDERAL RESERVE BULLETIN.
THIS RELEASE IS AVAILABLE ONLINE THROUGH THE FACILITIES OF THE DEPARTMENT OF COMMERCE'S
ECONOMIC BULLETIN BOARD. FOR INFORMATION, CALL 1202) 377-1986.
FOR INFORMATION ABOUT YOUR SUBSCRIPTION TO THIS RELEASE OR ABOUT RECEIVING IT IN DOCUMENT
FORM, PLEASE CALL PUBLICATIONS SERVICES AT THE FEDERAL RESERVE BOARD AT 1202) 452-3244.