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Selected Interest & Exchange Rates XAfeekly Series of Charts OCTOBER 26; 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 RATESH.10 RELEASE 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 8. INTEREST ARBITRAGE: 3-MONTH FUNDS X 9. LONG-TERM GOVERNMENT BOND YIELDS j 10. INDUSTRIAL STOCK INDEXES I Chart 1 SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY CANADIAN DOLLAR FOREIGN CURRENCY \ ) h " X z - / , I I I I I I I I n l 1111111 l i n t 11111111 I JAPANESE YEN I K I I I I I Inliiliiliilululnlii FRENCH FRANC 60 140 / \ 120 I llllllllllll lllllllllll - M i l - - . ! iiiiiiniii n l i i.j 11111 lllllllllll iihiliiln SWISS FRANC GERMAN MARK : 140 120 l - i-J ' 1 i 1 1 1 1 1 1 iiliilnlii lllllllllll DUTCH GUILDER BELGIAN FRANC I I I I I I I I liiliiliiliiliilnliilii -Av " 1 I 1 \ / ~ J 1 I I I I 1 1 1 1 I I 1 I I 1111111 111 I 11II — ITALIAN LIRA U.K. POUND - v ~ \ - 1 I V rv - \ - il M V V 1 1 1 1 1 n l i i h i L u , l i l u i i l l 11 - w /v"*-* V \. - 1 vV 1 I 1 1 1 1 iihiliiln lllllllllll Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+), OR DISCOUNT ( - ) " " ~ AVERAGES FOR WEEK ENDING WEDNESDAY CANADIAN DQLLAR 0 e $ SWISS FRANC U.K. POUND 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 0 6 12 1974 1976 1974 1970 $ AVERAGES FOR WEEK ENDING WEDNESDAY , OA DOLLARS F*E OUNCE 210 12.5 Kg BARS Afternoon fixing price 120 60 30 1876 Chart 4 CALL MONEY RATES WEEKLY SERIES OVERNIGHT EURO-DOLLARS 10 5 JAPAN 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 15 GERMANY 10 5 0 EURO-DM 5 1974 1976 1974 1976 \ Chart 5 3-MONTH INTEREST RATES VyEElrtY SERIES UNITED STATES CD's CANADIAN FINANCE CO. PAPER U.K. INTERBANK STERLING GERMAN INTERBANK RATE 14 EURO-DOLLAR SWISS DEPOSIT RATE 10 6 JAPAN Monthly 1L 1974 1976 1974 1976 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 16 — 3-MONTH OVERNIGHT 12 a 4 ie 16 6-MONTH 7-DAY 12 4 16 16 1-MONTH 1-YEAR 12 4 1974 1976 1974 1976 & / Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY ,15 3-MONTH Euro dollar deposits FEDERAL FUNDS 10 OVERNIGHT Euro-dollar deposits 5 90 DAY CD's a o DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1 1974 < Favors Borrowing in U.S. if Positive 1976 nil 1974 1976 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: F L U S H , INDICATES FAVOR DOLLAR ASSETS K.ft CENT PEN Al ENT PER ANNUM 20 INTERBANK DM Covered Frankfurt INTERBANK STERLING Covered London 15 16 EURO-DOLLAR DEPOSITS 10 10 EURO-DOLLAR DEPOSITS 5 0 5 0 j /\ DIFFERENTIAL ; I'/ W DIFFERENTIAL 5 5 10 10 I 1S I I I I I I ' CANADIAN FINANCE CO. PAPER, COVERED I I I EURO-DOLLAR DEPOSITS 15 SWISS DEPOSITS (SF) COVERED 10 10 5 5 U.S. COMMERCIAL PAPER 0 0 DIFFERENTIAL t\/VM, DIFFERENTIAL " V 5 I I I 5 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM PER CENT P6» ANNUM CANADA UNITED STATES 1 12 JAPAN \ Industrial .10 8 SWITZERLAND GERMANY 6 14 12 18 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 100 60 45 140 400 300 100 UNITED KINGDOM JAPAN 200 60 100 140 240 180 100 SWITZERLAND CANADA 60 60 180 180 FRANCE General Index 100 100 GERMANY 60 60 45 1974 45 1976 1974 1976 SERIES NAME 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 CHART 2 . 20 20 20 20 20 20 20 20 20 20 90.99 123.11 150.27 141.61 68.65 111.09 111.15 178.55 133.74 72.74 OCT. OCT. OCT. OCT. OCT. OCT. OCT. 20 20 20 20 20 20 20 -4.02 -14.14 0.64 -7.12 3.72 -4.97 -1.47 OCT. 20 115.41 GOLD PRICE I N LONDON U.S. 4. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN 3. LAST VALUE PLOTTED DATE VALUE DOLLAR PER F I N E OUNCE 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 OCT. OCT. OCT. OCT. OCT. OCT. OCT. OCT. SEPT. OCT. 20 20 15 8 15 8 15 15 24 8 4.97 5.00 14.63 9.25 3.40 3.94 6.75 12.06 7.63 1.5? OCT. OCT. JULY OCT. OCT. OCT. OCT. 20 20 4.92 4.72 8.23 5.35 9*38 14.81 4.50 CHART 5 . 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 20 20 20 20 SERIES NAME CHART 6 . LAST VALUE PLOTTED DATE VALUE EURO-DOLLAR DEPOSIT RATES: LONDON 20 20 20 20 20 20 5.00 4.98 5.06 5.35 5.69 6.04 20 20 13 20 20 13 5.00 4.97 0.59 j 5.35 \ 4.92 0.37 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL . OCT. 20 OCT. 2 0 OCT. 20 5.35 0.67 4.68 U . S . COMMERCIAL PAPER * > CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL - OCT. 2 0 OCT. 2 0 OCT. 2 0 5.05 5.36 -0.31 EURODOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL OCT. 2 0 OCT. 2 0 OCT. 2 0 5.35 5.36 -0.01 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL OCT. 2 0 OCT. 20 OCT. 20 5.35 8.22 -2.87 OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR OCT. OCT. OCT. OCT. OCT. OCT. CHART 7 . SELECTED EURO-DOLLAR AND U.S./MONEY MARKET RATES A OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS DIFFERENTIAL ADJ. 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 . OCT. OCT. OCT. OCT. OCT. OCT. INTEREST ARBITRAGE, 3-MONTH FUNDS \ 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. 15 OCT. 8 AUG. OCT. 8 OCT. 8 SEPT. 2 4 SEPT. 2 4 OCT. 8 7 .34 7.89 8,, 7 2 4..82 9 .. 1 6 10.43 9.76 15. 46 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 OCT. 15 OCT. 8 OCT. 1 SEPT. 2 4 OCT. 1 OCT. 8 OCT. 8 105.76 235.71 98.69 97.25 75.63 68.31 90.76 FEDERAL RESERVE H.10 statistical OCTOBER 2 6 , FOREIGN EXCHANGE RATES FOR THE WEEK ENDING OCTOBER 2 2 , release 1976 1976 T h e Board of Governors of the Federal Reserve System is advised that the Federal Reserve Bank of New Y o r k has c e r t i f i e d for customs purposes the f o l l o w i n g noon buying rate in New York C i t y for c a b l e 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 x UNIT 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 OCT. 18 123.8900 5.75DOO 2.66250 102.7900 16.6400 25.8100 19.9400 40.8700 11.2000 165.4700 0.11480 0.34190 39.5100 5.0400 38.9400 96.6600 18.6200 3.1800 114.8500 1.4640 11.4000 23.3000 40.6900 165.4700 OCT. 19 IRATE U . S . CENTS) OCT. 2 0 123.0400 5.77000 2.67000 102.7600 16.7600 25.8100 20.0500 41.0900 11.2000 164.7700 0.11490 0.34220 39.5200 5.0300 39.1700 96.4400 18.6800 3.1800 114.8500 1.4663 11.4000 23.3300 40.8500 164.7700 123.1800 5.80000 2.69100 102.8200 16.8400 25.8900 20.1100 41.2700 11.2000 164.6300 0.11510 0.34230 39.5400 5.0300 39.2600 96.3600 18.8200 3.1900 114.8500 1.4684 11.4000 23.4500 40.9500 164.6300 OCT. 2 1 OCT. 22 123.2000 5.81000 2.68720 102.7500 16.8000 25.9200 20.0900 4 1 . 1800 11.2000 164.6500 0.11500 0.34160 39.5300 5.0400 39.2100 96.4300 18.7600 3.1800 XI4.8500 1.4663 11.4000 23.4300 40.8400 164.6500 123.1000 5.80000 2.68700 102.7500 16.8100 25.8900 20.0800 41.2900 11.2000 164.8200 0.11490 0.34050 39.5000 5.0400 39.2100 96.8000 18.7500 3.1800 114.8500 1.4641 11.5000 23.4400 40.8500 164.8200
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