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UBU/UiY &P tilciiu C:;D Selected Interest & Exchange Rates \Afeddy Series of Charts NOVEMBER 22,1976 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 $.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 Z 3-MONTH FORWARD EXCHANGE RATES a GOLD PRICE LONDON 4. CALL MONEY RATES 5. 3-MONTH INTEREST RATES a 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 DOLLAR PRICES OF FOREIGN CURRENCIES A N D WEIGHTED AVERAGE V A L U E S (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY CANADIAN DOLLAR 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 90 A / 80 y v - I I I I I _ I% I llllllllllll JAPANESE YEN FRENCH FRANC JfA"\ \.W~^ I I I I V v ill,,In!, I 200 180 160 - GERMAN MARK 100 fv~x V yVzxy / " i l l I _ I I lllllllllll A i i i l l . 11 140 / - i i iiIiiImIii 100 - BELGIAN FRANC A ~ Z V ' -/xy " i , 160 160 DUTCH GUILDER J T lllllllllll V ,-z r t-'wa / \ 100 SWISS FRANC J 1 1 h ~ ~tu ~r 140 160 200 - - 180 1 1 ^ I I lllllllllll lllllllllll " I I \ / ~ v 1 1 1 I I 100 120 120 \ 1 v \ - : 1 1 \V |I i j V \ Vv V ^\ - 1 1 1 1 1 '1 1 | 1 1 | ! 1 | j 1 it \\ I \ ^ v V 1 - ITALIAN LIRA U.K. POUND 1 1 1 1 1 1974 1 ^ v / ^ H . N lllllllllll 1976 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY 6 CANADIAN DOLLAR 0 6 SWISS FRANC U.K. POUND 0 6 12 DUTCH GUILDER 12 GERMAN MARK 6 0 6 6 — JAPANESE YEN 2 per cent on scale equals - 1 per cent on all others FRENCH FRANC 12'- 0 6 12? 12 1974 1976 1974 1976 Chart 3 -> PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY US. DOLLARS PER FINE OUNCE 210 12.5 Kg BARS _ Afternoon fixing price 120 90 60 30 1974 1976 I Chart 4 CALL MONEY RATES WEEKLY SERIES 15 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 15 GERMANY 10 5 0 EURO-DM 5 1974 1976 1974 1976 A 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 OVERNIGHT 3-MONTH 8 4 16 16 >—MONTH 7-DAY 12 ti 4 16 16 1-MONTH 1-YEAR 12 8 4 1974 1976 1974 1976 I Chart 7 SELECTED EURO DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY 3-MONTH Euro dollar deposits FEDERAL FUNDS 10 OVERNIGHT Euro-dollar deposits 90 DAY CD's 5 - / 0 DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1 1974 Favors Borrowing in U.S. if Positive 1976 1974 1976 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS 20 INTERBANK DM Covered Frankfurt INTERBANK STERLING Covered London EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS / ft | / , X V r V v ' , v v - ' W DIFFERENTIAL '? U DIFFERENTIAL 10 f. 15 CANADIAN FINANCE CO. PAPER. COVERED EURO-DOLLAR DEPOSITS SWISS DEPOSITS (SF) COVERED 10 5 U.S. COMMERCIAL PAPER 0 DIFFERENTIAL DIFFERENTIAL 5 1974 1976 1974 1976. Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES 9 CANADA UNITED STATES 7 5 12 JAPAN \ Industrial SWITZERLAND v 10 8 GERMANY i k 6 18 14 12 UNITED KINGDOM FRANCE 10 8 NETHERLANDS 6 10 4 12 12 U.S. CORPORATE Monthly 10 U S. CORPORATE Monthly Aaa bonds 8 Euro-dollar bonds Euro-Dm bonds 6 1974 1976 1974 1976 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 180 UNITED STATES 100 60 45 400 300 100 UNITED KINGDOM JAPAN 200 100 240 180 100 SWITZERLAND CANADA 60 100 180 FRANCE General Index 100 100 GERMANY 60 45 45 1974 1976 1974 1976 SERIES NAME CHART 1 . LAST VALUE PLOTTED DATE VALUE SPOT EXCHANGE RATES U . S . DOLLAR, WEIGHTED AVERAGE JAPANESE YEN GERMAN HARK DUTCH GUILDER U . K . POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC I T A L I A N LIRA NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. NOV. 17 17 17 17 17 17 17 17 17 17 91.00 122.08 151.31 143.05 68.49 110.49 111.41 178.93 134.81 72.19 NOV. NOV. NOV. NOV. NOV. NOV. NOV. 17 17 17 17 17 17 17 -3.90 -9.93 1.06 -6.68 3.26 -3.21 -0.56 NOV. 17 134.78 NOV. 17 NOV. 17 NOV. 12 NOV. 12 NOV. 12 NOV. 5 NOV. 12 NOV. 12 NOV. 5 NOV. 5 5.02 4.82 14.63 9.15 3.40 3.41 6.75 10.31 8.82 1.88 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 - D A Y LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DM JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5 . 3-MONTH INTEREST RATES U . S . C D ' S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT NOV. NOV. SEPT. NOV. NOV. NOV. NOV. 17 17 17 17 17 17 5.05 4.56 8.21 5.41 9.38 14.59 4.50 \ SERIES NAME CHART 6 . LAST VALUE PLOTTE! DATE VALUE EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 17 17 17 17 17 17 4.82 5.25 5.03 5.41 5.78 6.10 NOV. 17 NOV. 17 NOV. 17 NOV. 17 NOV. 17 NOV. 17 4.82 5.02 0.0 5.41 5.05 0.27 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL NOV. NOV. NOV. 5.41 4.66 0.75 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL NOV. 17 NOV. 17 NOV. 1 7 ° 5.13 5.47 -0.34 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL NOV. NOV. NOV. 17 17 17 5.41 5.62 -0.21 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL NOV. 17 NOV. 17 NOV. 17 5.41 7.76 -2.35 CHART 7 . SELECTED EURO-DOLLAR AND U . S . MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . CD'S ( 6 0 - 8 9 DAYS) DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS CHART 8 . NOV. NOV. NOV. NOV. NOV. NOV. INTEREST ARBITRAGE, 3-MONTH FUNDS 17 17 17 SERIES NAME CHART 9 , LONG TERM GOVERNMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. NOV. 12 NOV. 5 AUG. NOV. 5 NOV. 12 5 NOV. NOV. 5 5 NOV. 7.45 7.54 8.72 4.51 9.05 10.69 8.20 14.83 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . LAST VALUE PLOTTED DATE VALUE SEPT. SEPT. SEPT. 8.38 7.31 8.00 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY NOV. 12 NOV. 5 NOV. 5 O C T . 22 OCT. 2 9 NOV. 12 NOV. 5 103.49 229.72 95.05 90.31 65.91 65.76 89.36 FEDERAL H,1 ° RESERVE tied FOREIGN EXCHANGE RATES FOR THE WEEK ENDING NOVEMBER 1 9 , NOVEHBER 2 2 , iv?6 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 UNITED KINGDOM MONETARY UNIT NOV. 15 NOV. l b 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 122.9600 5.81000 2.69800 102.4600 16.8800 26.0100 20.0600 41.3300 11.1000 164.0000 0.11550 0.33930 39.5300 4.0900 39.5100 95.9100 18.8800 3.1700 114.9500 1.4607 11.4500 23.6000 40.9400 164.0000 123.0200 5.81000 2.69630 101.9400 16.8500 £6.0300 20.0600 41.3300 11.1000 164.2700 0.11550 0.33880 39.5100 4.1200 39.5300 96.1000 18.8900 3.1800 114.9500 1.4616 11.4500 23.6400 40.9300 164.2700 CRATE U . S . CENTS) NOV. 17 123.0900 b.81000 2.69330 102.1200 16.8600 26.0500 20.0500 41.2800 11.1000 166.4500 0.11550 0.33890 39.5200 4.1100 39.4700 96.1900 18.9300 3.1600 114.9500 1.4620 11.4500 23.6500 40.8500 166.4500 NOV. 18 NOV. 19 123.3300 5.61000 2.69400 10/..0300 16.8600 26.0500 19.9900 41.3200 11.1000 166.5000 0.11550 0.33880 39.5100 4.1100 39.4900 96.7200 16.9200 3.1800 114.9500 1.4620 11.5000 23.6500 40.9000 166.5000 123.6500 5.82000 2.69850 101.5700 16.8600 26.0700 19.9900 41.3400 11.1000 167.9000 0.11550 0.33850 39.5400 4.1100 39.5800 97.2500 18.9200 3.1*00 114.8500 1.4610 11.5000 23.7200 40.8700 167.9000
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