Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : October 14, 1964

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

D I V I S I O N OF I N T E R N A j y e f l A b ^ r i t i A N C g

B O A R D OF G O V E R N O R S

F E D E R A L RESERVE SYSTEM

H. 13
No. 167

A
.

October li*, 1.961;

CAPITAL MARKET DEVELOPMENTS ABROAD
I.
II.

I.

Nine Charts' on Financial Markets Abroad
Latest Figures Plotted in H.13 Chart Series, 196k

Nine Charts on Financial Markets Abroad
Chart 1 - International Money Market Yields for
U.S. Dollar Investors
Chart 2 - Interest Arbitrage, United States/Canada
Chart 3 - Interest Arbitrage, New York/London
Chart U - Interest Arbitrage for German Commercial
Banks
Chart 5> - Short-term Interest Rates
Chart 6 - Long-term Bond Yields
Chart 7 - Industrial Stock Indices
Chart 8 - Spot Exchange Rates - Major Currencies
Against U.S. Dollar
Chart 9 - 3-month Forward Exchange Rates




^OFFICIAL USE ONLY •

I N T E R N A T I O N A L M O N E Y M A R K i T YIELDS FOR U . S . D O L L A R I N V E S T O R S !
3 - M O N T H E U R O - D O L L A R DEPOSIT VS.(CERTIFICATE OF D E P O S I T ;
W«dn»idoy li8"r«t

I Par

YIELDS

U.S. CERTIFICATE Of DEPOSIT.

D I F F E R E N T I A L ; EURO D O L L A R QVER
U . S . CERTIFICATE OF D E P O S I T '

I N E W YORK OFFER RATES O N SELECTED 3 - M O N T H M N V E S T M i N T S
rriday f i | • r•*

"

TREAS URY BILLS - ( F u l l y H e d g e d !

COMMERCIAL PAPER-Fully Hedged!
U K. HUE PURCHASE.

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U.S. FINANCE COMPANY,

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I.N.TEREST A R B I T R A G E , UNITED STATES /

CANADA

3 - MON.T H TREASURY BILL RATES

-BATE DIF FERE N T I A L A N D F O R W A R D C A N A D I A N D O L L A R

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RATE DIFFERENTIAE W I T H FORWARD E X C H A N G E COVER

1964
* Thursday figure* 1961 -1962, Friday thereafter




>
INTEREST A R l l T R A j G E , N E W Y O R K / L O N D O N
Fridoyjjguri.

Pj

3 - M O N T H TREASURY BILL RATES

RATE DIFFERENTIAL A N D 3 - M O N T H F O R W A R D STERLING

RATE DIFFERENTIAL WITH FORWARD E X C H A N G E COVER




1965 i

H

INTEREST A R B I T R A G E FOR G E R M A N C O M M E R C I A L B A N K S

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3 - M O N T H TREASURY BILLS, I N T E R B A N K L E N D I N G RATE A N D
EURO DOLLAR DEPOSIT RATES
GERMAN INTERBANK
L O A N RATE
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E U R O D O L L A RI L O N D O N

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GERMAN TREASURY 1 I U S

RATE D I F F E R E N T I A L A N D F O R W A R D DEUTSCHE MARK
SPREAD I N F A V O R 0 E F R A N K F U R T :

F O R W A R D RATE D I S C O U N T , ( - )

I N T E R B A N K L O A N RATE

TREASURY BILLS

RATE DIFFERENTIAL W I T H F O R W A R D E X C H A N G E COVER
NET I N C E N T I V E :

IN FAVOR OF/FRANKFURT ( + )

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I N T E R B A N K L O A N RATE*/

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S H O R T - T E R M INTEREST RATES *

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JAPAN

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SWITZERLAND

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1 1 1 1 L 1 1 L 1 1 1 1 1 1 1 1 1 1 1 1
1960

1 1 1 1 1 1 1 1 1 1 1

1961

3-month Ireoiury bill rolet I or oil countries encepl Japan
j and Switzerland (3-monlh deposit role).
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•^gS-monlh role for U 5 dollar deposits in LondonJ




1962

1 I I

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1 1 I I

1 1

1 1 1 I I

1963

(Average role on bonk loans and discounts

1 1 1 L O ~
1964

1

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LONG-TERM BOND YIELDS

SWITZERLAND

I960




1964

INDUSTRIAL STOCK INDICES

300

Isoj
200

150;

100;

1961

rT»6J

1963

* Ne w series Swiii Bank Corporation industrial slock inde *.
' * * / j o p a n ' index of 225 industrial .and other stocks traded on the Tokyo exchange




1964

r-orl 8
SPOT EXCHANGE RATES - MAJOR CURRENCIES AGAINST U.S. DOLLAR

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C A N A D I A N DOLLAR




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3 - M O N T H F O R W A R D E X C H A N G E RATES
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AGAINST

U .S.

D O L LA RS

P«r t i n t

POUND STIRLING

DISCOUNT -

A G A I N S L P O U N D STERLING - L O N D O N .

A G A I N S T P O U N D STERLING - t O N D O N

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II

H,13
wo, 16?

October Ik, 196U
lie

Latest Figures Plotted In H.13 Chart Series

.

Per cent
per annum

Chart 1
Upper panel

196U
Per cent
per annum

Chart 5
(Friday, October 9 ,
except as noted)

(Wednesday, October 7 )
Euro-$ deposit

lu50

U.S. certif. of deposit

3<>9U

Treasury

bill
h 5 L

M l

Lower panels
(Friday, October 9 )
Treasury bills:

2=61

Canada

1°52.

U.S.

3°£6

U.K.

3°76

Canada

3°U3

Euro-$ deposit (London)

W o

U.S.

3-88

Canada

b-00

Japan: composite rate
(Date: June 26
)

MZ?

Finance Co. "paper:

Hire-purchase paper, U.K.

— — S w i s s 3-month deposits
(Date;September IS )

1.19

Chart 6

U?22
Bonds:

Chart 2
(Friday, October 9
Treasury bills:

Germany

U. S. govt.
(Wed., October 7-

)

Canada

^59

U.K. war loan
(Thurs. •, October 1
October 8
German Fed. Railway
(Fri.,
Jcwobfei 2
October 9
Swiss Confederation
(l*ri. , September 25

U.S.
Spread favor Canada

+0,01

Forward Canadian dollar

-0,20

Net incentive (Canada +)

~QrI7
Canadian govt.
(Wed., October 7

Chart 3

)

6.20
6.22

J
)
)

)

6_ki.
6,39
I±i02_

lil2.

(Friday, October 9. )
Treasury bil^s:

U.K.
U.S.

Spread favor U.K.

+0.97

Forward pdund

=0 - 76

Net incentive (U.K. +)

+0,21

Digitized forFor
FRASER
description and sources
September 23, 1964.


.

of data see special annex to H. 13 Number 164,