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Selected Interest & Exchange Rates Weekly Series of Charts OCTOBER 11,1976 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 i 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 i & INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDEXES a m i 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 PR ICE O'FlXs: DOLLAR 00 80 > ~ V / | I I ~ I I I I I — JAPANESE YEN H FRENCH FRANC / \ - J1 . / , ^ \ V .X " |V 1 200 1 1 1 1 1 1 ' - N," llllllllltl - 160 - - , GERMAN MARK SWISS FRANC / | - •^7^' 140 100 I I / „ / y I I 160 I I r I M ~U -T - / 120 .Azvz V n J 160 A V .v V - / ^-V | i i - i i i 111111 [ 1117 i DUTCH G U I L D E R — 140 - n A 120 J 7 /\ rv - T i BELGIAN FRANC | S / v ^ * /vv</^ I I / - / - w i I I | I I | I I 11l iIl i i l i i l i i I I ~-l I I I I I I 120 U.K. POUND 100 I 80 rvrv ITALIAN LIRA ~ " - W-\ - "S / I I I I I I I 1974 I 1976 ll I \ - 60 200 180 - ft 180 I I I I I \ - \C~ 140 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER 6 CANADIAN DOLLAR 0 6 SWISS FRANC U.K. POUND 0 6 11 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 0 6 12 24 1974 1976 1974 1976 Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE 210 „ 12.5 Kg BARS Afternoon fixing price ISO 120 90 60 30 1974 1976 Chart 4 CALL MONEY RATES WEEKLY SERIES OVERNIGHT EURO-DOLLARS JAPAN 10 5 U. S. FEDERAL FUNDS 0 20 20 U.K. 2 - D A Y LOCAL AUTHORITY FRANCE 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 CENT PER Af CENT PER ANNUM UNITED STATES CD's CANADIAN FINANCE CO. PAPER - 12 0 - 4 " i l l I I I U.K. INTERBANK STERLING 16 12 8 4 10 EURO-DOLLAR SWISS DEPOSIT RATE 6 JAPAN Monthly 2 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY 16 OVERNIGHT 3-MONTH 12 8 4 Illllllllll —| 16 16 i-MONTH 7-DAY 1L 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 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 Favors Borrowing in U.S. if 1974 Positive 1976 1974 1976 Chart 3 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS PER CENT PER Af ENT PEA ANNUM 20 20 15 INTERBANK DM Covered Frankfurt INTERBANK STERLING Covered London 15 EURO-DOLLAR DEPOSITS 10 10 EURO-DOLLAR DEPOSITS 5 5 M l ,1 ; \ ! i 0 f ^ ' ! DIFFERENTIAL 0 DIFFERENTIAL 6 5 10 10 18 CANADIAN FINANCE CO. PAPER, COVERED 15 EURO-DOLLAR DEPOSITS SWISS DEPOSITS (SF) COVERED 10 10 5 0 5 U.S. COMMERCIAL PAPER 0 1 r DIFFERENTIAL 5 !rl\ 0 /V DIFFERENTIAL I 1 III V M f\/^A 5 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES CANADA 9 UNITED STATES 7 5 12 JAPAN \ Industrial . SWITZERLAND k .10 8 GERMANY 6 18 14 UNITED KINGDOM 12 FRANCE 10 8 NETHERLANDS 6 4 12 12 , 10 U.S. CORPORATE Monthly 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 1969=100 180 UNITED STATES 45 400 140 300 100 UNITED KINGDOM JAPAN 200 100 240 140 100 SWITZERLAND CANADA 60 60 180 180 FRANCE General Index 100 100 GERMANY 60 45 1974 1976 1974 1976 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 OCT. OCT. OCT. OCT, OCT. OCT. OCT. OCT, OCT. OCT. 6 6 6 6 6 6 6 6 6 6 90.46 125.29 122.65 141.55 69.26 111.07 112.41 178.33 133.29 73.39 OCT. OCT. OCT. OCT. OCT. OCT. OCT. 6 6 6 6 6 6 6 -3.85 -11,00 1.14 -5.93 3.32 -7.38 -1.11 OCT. 6 114.68 OCT. OCT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. JULY SEPT. 6 6 24 17 24 24 24 24 30 24 5.17 5.48 12.88 9.25 4.40 4.53 7.00 9.08 5.25 0.28 OCT. OCT. JULY OCT. OCT. OCT. OCT. 6 6 5.20 4.82 8.23 5.60 9.44 12.94 4.50 CHART 2 . 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN i . GOLD PRICE I N LONDON U.S. DOLLAR PER FINE OUNCE h. 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 i . 3-MONTH INTEREST RATES U . S . CD'S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT 6 6 6 6 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON | . 6 6 6 6 6 6 5.48 5.08 5.21 5.60 5.94 6.38 OCT. OCT. OCT. OCT. OCT. OCT. 6 6 6 6 6 6 5.48 5.17 0.54 5.60 5.20 0.31 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL OCT. OCT. OCT. 6 6 6 5.60 1.94 3.66 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL OCT. OCT. OCT. 6 6 6 5.25 5.58 -0.33 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL OCT. OCT. OCT. 6 6 6 5.60 5.97 -0.36 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL OCT. OCT. OCT. 6 6 6 5.60 7.82 -2.21 OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR r . SELECTED EURO-DOLLAR AND U . S . OCT. OCT. OCT. OCT. OCT. OCT. 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 . C D ' S ( 6 0 - 8 9 DAYS) DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS 3 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 OCT. SEPT. AUG. SEPT. SEPT. SEPT. JULY OCT. 1 24 17 17 17 30 1 7.55 7.86 8.72 4.92 9.12 10.44 8.94 14.78 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . AUG. AUG. AUG. 8.45 7.36 7.96 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY SEPT. SEPT. jSEPT. SEPT. SEPT. OCT. SEPT. 24 17 17 10 17 1 17 112, , 0 2 2 3 3 . >90 100.27 9 8 , ,49 7 9 ,, 6 8 6 8 ,, 8 4 9 2 ., 7 2 FEDERAL h RESERVE s t a t i s t i c a l NOVEMBER FOREIGN EXCHANGE RATES FOR THE WEEK ENDING OCTOBER 8, r e l e a s e B, 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 FRASER Digitized for MONETARY UNIT OCT. 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 123.6200 5.75000 2.65920 102.8400 16.9300 25.9300 20.2100 40.6600 11.3000 167.0500 0.11840 0.34810 39.7400 5.0300 39.0300 96.4200 18.7500 3.2000 114.8500 1.4723 11.4500 23.4000 40.6400 167.0500 4 OCT. 5 IRATE U . S . CENTS1 OCT. ,6 124.0500 5.75000 2.68580 102.5500 17.0200 25.9000 20.2600 40.9000 11.3000 166.3500 0.11860 0.34790 39.6700 5.0400 39.1900 97.6500 18.7900 3.2000 114.8500 1.4730 11.4500 23.4900 40.7100 166.3500 124.1100 5.78000 2.68250 102.6000 17.1400 25.9800 20.2900 40.9800 11.3000 165.1500 0.11930 0.34720 39.6700 5.0300 39.3500 97.1500 18.8600 3.2100 114.8500 1.4740 11.4500 23.5800 40.8600 165.1500 OCT. 7 124.1900 5.78000 2.66800 102.8100 17.1000 25.9900 20.1900 40.9600 11.3000 166.4500 0.11880 0.34710 39.6700 5.0300 39.2100 97.3000 18.8300 3.2100 114.8500 1.4699 11.4500 23.5000 40.8200 166.4500 OCT. 8 124.2000 5.77000 2.66750 102.7600 17.0900 25.9900 20.1700 40.9700 11.3000 166.2000 0.11900 0.34630 39.6700 5.0300 39.0500 97.5500 18.7600 3.2000 114.8500 1.4515 11.4500 23.4500 40.8000 166.2000
@FedFRASER