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— " 1 O c t o b e r 3 , 19 3 t i ...Release H o i 6 3 0 u H-13 ™ , Division of international Finance. SUtUtlcal & Data Management Unit SELECTED INTEREST & EXCHANGE RATES FOR MAJOR COUNTRIES & THE US. WEEKLY SERIES OF CHARTS BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM / V H. 13 October 3, 1973 Release No. 630 V TABLE OF CONTENTS PART I. EXCHANGE RATES AND GOLD PRICES Chart 1A, IB, & 1C - Spot Exchange Rates, Major Currencies against U.S. Dollar Chart 2A and B - 3-Month Forward Exchange Rates, Major Currencies against U.S. Dollar Chart 3A and B - 3-Month Forward Exchange Rates, Major Currencies against U.K. Pound Chart 4 - Gold Price in London PART II. SHORT-TERM INTEREST RATES Chart 5 Chart 6A and B Chart 7A and B Chart 8A and B Chart 9A and B Chart 10A and B Chart 11 Chart 12 A and B - Call Money Rates London: Euro-) Deposit Rates New York - London: Yields on U.S. Dollar Funds London: Covered Yields on U.S. Dollar Funds Interest Arbitrage: United States-United Kingdom Interest Arbitrage: U.S.-Germany and U.S.-Switzerland Interest Arbitrage: United States-Canada Selected Short-term Interest Rates PART III. LONG-TERM INTEREST RATES AND STOCK INDICES Chart 13 Chart 14 - Long-Term Bond Yields - Industrial Stock Indices PART IV. SELECTED CENTRAL BANK DISCOUNT RATES AND LATEST FIGURES PLOTTED ON THE CHARTS NOTE: This series is a continuation of the CAPITAL MARKETS DEVELOPMENTS ABROAD, which was published under that title through December 31, 1968. The changes in the format and order of the charts are explained in the Supplement to the series, wrfiich accompanied issue dated January 1, 1969. All series and their sources are fully described in a Supplement dated January 1, 1972. 9 SPOT EXCHANGE RATES - MAJOR CURRENCIES AGAINST U.S. DOLLAR Weekly averages Per c e n t 40 30 GERMAN I MARK Nfi BELGIAN FRANC / NC SWISS FRANC 20 JAPANESE YEN CANADIAN DOLLAR Per cent above or below parity 1972 1973 eec.y averages (week e n d i n g on Friday) of daily o f f e r e d rates in the New York m a r k e t as per cent above or below S m i t h s o n i a n •intrai rates X A SPOT EXCHANGE RATES - MAJOR CURRENCIES AGAINST U.S. DOLLAR Weekly averages - Per cent - FRENCH FRANC; / - DUTCH GUILDER J U ITALIAN LIRA r . / : /U.K. POUND 1 ! 1 ' 1 , I 1972 1 1 1 1 1 1 1 1 1 1 i • ! 1 1 1973 Weekly averages (week e n d i n g on Friday) ot daily o f f e r e d rates in the New York m a r k e t as per cent a cove or below S m i t h s o n i a n c e n t r a l rates. 1 SPOT EXCHANGE RATES - MAJOR CURRENCIES AGAINST U.S. DOLLAR Weekly averager 30 GERMAN MARK SWISS FRANC 20 JAPANESE YEN FRENCH FRANC BELGIUM FRANC DUTCH GUILDER CANADIAN DOLLAR Per cent above or below parity Central ITALIAN LIRA U.K. POUND MAY JUNE AUG : E FT 1973 WeeHy averages (week e n d i n g on Friday) of daily o f f e r e d r a t e ' m the New York market as i v h m m it- \.e heivw S " ! h < v n i . v •v 3-MONTH FORWARD EXCHANGE - MAJOR CURRENCES AGAINST U.S. DOLLAR Weekly averages Per cent per a n n u m PREMIUM CANADIAN DOLLAR U.K. POUND DISCOUNT PREMIUM GERMAN MARK ! DISCOUNT DUTCH GUILDER DISCOUNT M j S 1970 * 1971 C a n a d i a n Dollar Rale not s u p p o r t e d t , Bank of Canada See DESCRIPTION AND SOURCES OF DATA January 1. 1973. pp 2 3. 1972 1973 1 Chart 2B 3-MONTH FORWARD EXCHANGE - MAJOR CURRENCES AGAINST U.S. DOLLAR Wee kly averages i i | i i Per c e n t per a n n u m | I I | : I 1 1 | ! 1 | 1 1 ! 1 | 1 1 | 1 1 | 1 1 1 1 | 1 1 | 1 1 | 1 1 PREMIUM + FRENCH FRANC - - DISCOUNT PREMIUM + SWISS FRANC / - DISCOUNT 1 f M 1 I l 1 I J i i 3 i : I D 1 1 1 1 1 1 1 1 1 1 1 M M 1970 J S D 1971 See DESCRIPTION AND SOURCES OF DATA, J a n u a r y 1, 1973, pp. 2 3 . 1 1 1 1 I J 1972 1 1 t S 1 D 1 t 1 1 1 1 1 1 1 1 1 M j 1973 12 Chart 3A 3-MONTH FORWARD EXCHANGE - MAJOR CURRENCIES AGAINST U.K. POUND Per cent per a n n u m Friday figures PREMIUM GERMAN MARK U.S. DOLLAR DISCOUNT I I I I i 1 I I I I I I I 1 I I I I I i I II J s 1970 1971 See DESCRIPTION AND SOURCES OF DATA, J a n u a r y 1, 1973, p. 3. 1 I I I I I I 11 i I I I I I i 1 ! 1972 I I I I I I 1973 Chart 3B 3-MONTH FORWARD EXCHANGE - MAJOR CURRENCIES AGAINST U.K. POUND Friday f i g u r e s Per c e n t per a n n u m 16 PREf AIUM + - - - - 1 h jW SWISS FRAP IC 1 M A ftj Au \ - 1 ~ V FRENCH FRANC - 1 DISCOIJNT — II 1 II M 1 1 II J S ! ' D 1970 M : l , 1 ! 1 1 II M J S D 1971 See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, p. 3. h i 1 M J 1972 ! M ii i ii 1 i i 1 i i S 1973 1° GOLD PRICE IN LONDON, 12.5 Kg BARS U.S. d o l l a r e q u i v a l e n t per fine o u n c e Wee k's average of a f t e r n o o n fixings 120 I I 1 I M I t J 1 I S 1 I I D 1971 M I M 1 I I M S 1972 See DESCRIPTION AND SOURCES of DATA, J a n u a r y I , 1973, p. 4. I J 1 I D I 1 ! M I I I J I I S 1973 1 I 1 1 I D 1 30 " C h a r t 5A CALL MONEY RATES DOLLAR FUNDS Weekly averages Per c e n t per a n n u m CALL EURO-DOLLAR DEPOSITS OVERNIGHT EURO-DOLLAR DEPOSITS 10 FEDERAL FUNDS FAVOR EURO-DOLLAR EURO-DOLLAR OVER FEDERAL FUNDS FAVORMEIKRAL FUNDS EURO-CURRENCIES Weekly averages Per cent per a n n u m EURO-DM EURO-SWISS FRANC J S D 1970 M J S * Changed f r o m CALL tc OVERNIGHT Euro d o l l a r deposits, May 10, 1971. See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 4-6. S D 1971 1972 J 1973 s D Chart 5 8 CALL MONEY RATES SELECTED FOREIGN AND EEC CURRENCIES Friday f i g u r e s Per c e n t p e r ai 12 8 FRANCE 4 ii I i i I ii 1 i i i ii NETHERLANDS i i ii I i i I i i i M 0 i i r i i i 8 4 0 12 8 4 0 u e . Day to day Money. N e t h e r l a n d s , Call M o n e y , weekly average; Japan, U n c o n d i t i o n a l M o n e y ; ada. Day :o day L o a n v w e e k l y average; G e r m a n y , Call M o n e y ; U.K., 2-day Local A u t h o r i t y D e p o s i t s . DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 4-6. LONDON: EURO-DOLLAR DEPOSIT RATES Friday f i g u r e s Per cent per a n n u m ]5 00 12 10 V 7-DAY i\. n J y • 12 ' r- 10 - \ yvi \ 1-MONTH V - 1 l 1 l l 1 ; l 1 l l M J S. M 1970 J S D 1971 * May 1 2 / 7 1 - c h a n g e d t o O v e r n i g h t Euro-Dollar Deposits # e July 1 - c h a n g e d t o 7-Day Euro-Dollar See DESCRIPTION A N D SOURCES OF DATA, January 1. 1973, p 6. - »W M 1 1 1 1 1 1 1 1 1 1 1 p ^ i i 1 i i 1 i i 1 i i i i 1 i i 1 i i 1 i i M J 1972 S D M J 1973 S D i -V* Chart 6B LONDON: EURO-DOLLAR DEPOSIT RATES Friday f i g u r e s Per c e n t per a n n u m A vv \ - ^ 1 1 1 1 1 1 1 1 1 1 1 y i A I / v U [y / 3-MONTH 1 1 1 1 1 1 1 1 1 1 1 i i I i i I i i I i i i i 1 i i ! i i 1 i i Aw - X , J - f \ 6-MONTH - f - - - 1 1 1 1 1 1 1 1 1 1 1 1 1 1970 1 1 1 1 1 1 1 .1 1 1971 See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, p. 6. i i 1 i i 1 i 1972 i 1 i i i i l l i 1 i 1973 i 1 i i NEW YORK-LONDON: YIELDS ON U.S. DOLLAR FUNDS 3 MONTH DOLLAR DEPOSIT RATES-SECONDARY MARKET Wednesday f i g u r e s Per cent per a n n u m EURO-DOLLAR DEPOSIT j U.S. CERTIFICATE OF DEPOSIT FAVOR EURO-DOLLAR DIFFERENTIAL j A - K ANV " EURO-DOLLAR OVER U.S. CERTIFICATE OF DEPOSIT 1 M j 5 D 1970 ; - ,1111 M J ! 1, 1! ! 1111111111 S D 1971 cee LESCRiPTiCN ANUSCURCESC ' DATA, January I. I 973. pp 67 M J 1972 S D m I m I m I m M J 1973 NEW YORK-LONDON: COST OF U.S. DOLLAR FUNDS 3-MONTH DOLLAR DEPOSIT RATES-PRIMARY MARKET Wednesday f i g u r e s nt per a n n u m EURO DOLLAR DEPOSIT ADJUSTED 1 <\ EURO DOLLAR DEPOSIT U.S. CERTIFICATE OF DEPOSIT w EURO DOLLAR OVER U.S. CERTIFICATE OF DEPOSIT S D S 1970 * * * - : 1971 v= - e c ' o r Rese-ve Recu cement „ s : e ; 'or i " * * * . ; - e c 'cr 2 Wa-g-a r Vsrg-a Reserve R e : ^ r e m e n t Rese'.e ^ecuirement D J 1972 s D M S 1973 D Chart 8A l o n d o n : c o v e r e d y i e l d s o n u.s. d o l l a r f u n d s HIRE PURCHASE/STERLING CD's vs EURO-DOLLAR RATES Friday f i g u r e s ° Per cent per a n n u m 12 EURO-DOLLAR DEPOSIT 8 HIRE PURCHASE 4 COVERED STERLING CD's 0 . FAVOR STERLING CD's DIFFERENTIAL \A \ A y iA + 0 A M h f 4 1 FAVOR EURO DOLLAR l l 1 I I M 1 l J I 1 I I S 1 D 1 1 1 1 1 1 1 1 I I M 1970 J S D 1971 1 1 1 I I M J 1 1 1 1 S 1972 * H i r e Purchase s u s p e n d e d A u g u s t 11, 1972 a n d S t e r l i n g C e r t i f i c a t e s of Deposit begin A u g u s t 1 1 ^ 1 9 7 2 . See DESCRIPTION AND SOURCES OF DATA, January 1, 1973. pp. 7 1 1 1 D M 1 1 1 1 1 1 1 1 I I J S 1973 8 Chart 8B l o n d o n : c o v e r e d y i e l d s o n u.s. d o l l a r f u n d s LOCAL AUTHORITY AND EURO DOLLAR RATES Friday f i g u r e s EURO DOLLAR DEPOSIT LOCAL AUTHORITY DEPOSIT COVERED i I i i I i i 1 i i 1 i i i i i 1 i i 1 i i 1 i i 1 i i 1 ii I i .) 1 i i 1 i i 1 i i 1 i i 1 o FAVOR LOCAL AUTHORITY - DIFFERENTIAL AyV# FAVOR f U R O D O U A R 1 1 1 1 1 1 1 l 1 l 1 M J S O I I 1 11 1 1 1 1 1 1 M 1970 J S D 1971 See DESCRIPTION AND S O I J R M S 01 U A I A . January I . l « f / l . i » | . / H -1—1-1—1 I I I I I . I M J S 1972 D I I I I I i l I I 1 I 1 M J S 1973 o i n t e r e s t a r b i t r a g e : united kingdom and united s t a t e s Per cent pe- a n n u m 3 - M O N T H TREASURY BILL RATES U.K. LOCAL AUTHORITY DEPOSITS UNCOVERED NEW YORK NEW YORK * P'r.tted for c o m p a r i s o n purposes Se-: DESCRIPTION AND SOURCES OF D M A anuary 1, 1973, pp 8 - 9 - > 0 Chart 9B i n t e r e s t a r b i t r a g e : united kingdom and u n i t e d s t a t e s Friday f i g u r e s Per c e n t per a n n u m RATE DIFFERENTIAL AND 3-MONTH FORWARD STERLING PREMIUM SPREAD IN FAVOR OF LONDON FORWARD RATE DISCOUNT RATE DIFFERENTIAL WITH FORWARD EXCHANGE COVER FAVOR LONDON FAVOR NEW YORK S D 1970 J S D 1971 See DESCRIPTION AND SOURCES OF DATA January 1, 1973, p p . 8 - 9 . M J 1972 S M S 1973 D 3-month funds i n t e r e s t arbitrage: e u r o d o l l a r - g e r m a n mark FRANKFURT INTERBANK LOAN RATE VS. LONDON EURO-DOLLAR RATE Wednesday rates I I | I I | I1 I | I I I I :; | I I I I : | 12 - p GERMAN INTERBANK LOAN RATE EURODOLLAR COVERED FAVOR FRANKFURT DIFFERENTIAL FAVOR EURO DOLLAR I I I I I I I I I 1 1 I I I I I I I I I I I 1 I I I I I 1 I I I M 1970 See DESCRIPTION AND SOURCES OF DATA, J a n u a r y 1, 1973, pp. 9-10. No q u o t a t i o n 1972 1 I i i I I 1 I I 1 II 1973 I 2 3-month f u n d s i n t e r e s t a r b i t r a g e : e u r o d o l l a r - swiss f r a n c /p/ ZURICH DEPOSIT RATE VS. LONDON EURO-DOLLAR RATE Wednesday rates I | I I | M Per c e n t per a n n u m I I I I 1 I | I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I 12 SWISS DEPOSIT RATE EURODOLLAR COVERED FAVOR ZURICH DIFFERENTIAL FAVOR EURO DOLLAR M I I I I I I 1 M I I I I I I M I I I I 1 I I I I I I 1M See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 9 - 1 0 . I I I I I I I I \ 3-month interest arbitrage: canada • united s t a t e s Friday f i g u r e s Per c e ' t per a n n u m 1 1 | 1 1 | 1 1 | 1 1 | ! ! | ! ! 1 1 | I I 1 1 1 1 1 1 1 1 1 1 1 -. BILL RATES I I | I I | I l | l l A /r *v - 1 dfy J AAT UNITED STATES TREASURY BILLS CAN. FIN. CO. PAPER - TREASURY BILLS 1 1 1 /\A : PREMIUM BILL RATE DIFFERENTIA\L AND FORWARD CANADAiN DOLLAR FORWARD RATE /rvVvvV",k / ^ V v J h A 1 vx,\j : y A / V y / GROSS SPREAD IN FAVOR OF C/ INADA DISCOUNT i . FAVOR CANADA COVERED RATE DIFFERIENTIALS K/ V^ v : . PRIME FINANCE PAPEF V x V \y / < 0 TREASURY!BILLS FAVOR U.S. i 1 1 1 1 1 1 1 1 1 1 1 M : J S D i l M 1970 M l i i J l S i i 1 D 1971 See DESCRIPTION AND SOURCES OF DATA, J a n u a r y 1, 1973, pp. 10-11. 1 1 1 1 1 1 1 1 M J 1972 S I I 1 D 1 1 1 1 1 1 1 1 1 1 M J 1973 S D C h a r t 1 2A selected short-term interest rates* J - J ' w i •-VI r \ v X A W \ ( i r GERMANY vy I I 1II1II1II II 1 I I 1 II i i rr p Per cent per a n n u m - A Z / i / i j - u.s. 1 I I I I 1 II 1 I I 1 I I 1 1 1 1 1 1 1 1 11 1L1L 1 1 1 1 1 1 i 1 K - - f. . / i n /' \ r ' ' t V' A L U.K. J f\r^ 1 1 - f A j U.S. 1 1 1 1 ! I 1 1 I IIII 11 1 1 1 1 1 1 111 11 11 1 1 1 1 1II 1 11 II 1 II 1 I I 1 1 1 1 1 1 1 1 11 1 JAPAN MONTHLY . : : : • 1 1 i II , i ! m ; I i 1970 1971 1 1 1 1 1 1 1 1 1I I 1 1 1 I 1 1 I I 1 1 I 1I 1 1 1 1 1 ! 1 I I 1972 1973 * 3 m o n t h treasury b i l l rates for all countries except Japan(Average rate on bank loans and d i s c o u n t s ) and Germany (interbank loan rate) See DESCRIPTION AND SOURCES OF DATA, January 1. 1973. pp 11 12. 1974 0> z selected short-term interest rates Per cent per a n n u m 12 \ ,A 1 EURO DOLLAR - LONDON r 1 / \- - \ v—i \ \ j f j fS V U A , L/v * \ A i i i V i y L'V \_ • J V J - ,J"LJ 1 1 1 1 i , 1 1 ! 1 ,! I : h r i 1 1 ! i 1 1 1 i n 1 SWITZERLAND> ' i; 1111! i 1 i i i 1 i i i iMI i i i j 1 i i ! j i ! i I - U.S. V \ /* \t X /W\ vA > M/ r ^CANADA 1 1 1 1 1 1 1 1 1i 11 i I i I 1 I i 1 i I i i 1 i i ! i i 1 i i t 1 J 1 1 1 1 1 1 1I t1 1 1 1 1 M 1 1 1 1970 1971 1972 See DESCRIPTION AND SOURCES OF DATA. January 1, 1973. pp 11-12. 1973 1974 long-term bond yields Weekly f i g u r e s Per cent per K/V _ w NETHERLANDS - U.S. SWITZERLAND 1 1 1 1 1 1 1 1 1 I! I 1 1 ! 1 1 1 1 1 11 11 1 1 1 1 1 1 11 I1I 1 1 1 1 1 l.l.J1 11 1 1 1 1 I I 1 I I /Sj \ J - U K ' " aaTV - I - / \ \ X GERMANY/^ y CANADA \ 1 1 1 1 1 1 I I 1 i1 i 11 i i 1 i i 1 i i I I 1 I I 1 l 1 1 1 i 1i 1 i i 1 i i 1 i i.i i 1 i i 1 i i 1 i i Monthly figures U.S. CORPORATE: DOLLAR EURO-BONIDS - - v Aaa BONDS - x.. DM EURO-BONDS i i 1 i i 1 i i h i I I 1970 1 1 1 1 1 1 1 1 1 1971 I I I 1 1 1 1 1 1 I I 1972 See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 12-15. I I 1 M 1 1 1 1 1 1 1973 1 1 I 1 1 1 1 1 I 1 t 1974 4TV i n d u s t r i a l s t o c k indexes Ratic scale, 195? Fat.G scale. : 9 5 £ = 1 C l 1 320 UNITED STATES | 240 I , 1 1 1 1 i I 1 ' , ' , 1 1 , i 1 : 1 1 1 1 1 1 ; i 1 1200 !• " 1 i 1 960 JAPAN i SWITZERLAND SWITZERLAND' V \ v ^ J v " 640 / 480 UNITED KINGDOM A - JAPAN yQJ | GERMANY 320 i 1 CANADA || CANADA GERMANY 240 r V ' lli , i , i , . 1 1970 1 , 1 1971 1 , , ; i i 1 i 1972 I i i , 1 1 1 1 1 1 1 1 1 11 1973 160 October 3, 1973 H. 13 Release No. 630 Country IV. SELECTED CENTRAL BANK DISCOUNT RATES Current Rate In Effect Since Previous Rate 6.5 August 2, 1973 6.0 In Effect Since E.E.C.: Belgium France July 5, 1973 Sept. 20, 1973 9.5 August 2, 1973 Germany 7.0 June 1, 1973 6.0 May 3, 1973 Italy 4.0 April 10, 1973 4.5 Oct. 14, 1972 -—6.5 August 7, 1973 6.0 July 18, 1973 Netherlands 11.0 **United Kingdom July 27, 1973 9.00 July 20, 1973 4.5 Jan. 1, 1973 3.75 Sept. 15, 1973 Canada 6.75 August 7, 1973 6.25 June 10, 1973 Japan 7.0 Aug. 29, 1973 6.0 July 2, 1973 7.5 Aug. 14, 1973 7.0 July 1, 1973 Switzerland United States 11.50 ^ E f f e c t i v e October 13, 1972, the Bank of England replaced its traditional Bank Rate with a fluctuating "minimum lending rate" based on average Treasury bill tender rate. LATEST FIGURES PLOTTED ON THE CHARTS October 3 , i\ 1973 Release No. 630 Chart Panel Series -7.17 French franc " 21.33 Japanese yen " 15.99 Swiss franc U.K. pound 1A & 1C S e p t . 28 27.28 „ IB & 1C Belgian franc Italian lire 1A & 1C Canadian dollar " 7.36 1A & 1C German mark " IB & 1C Dutch guilder " 32.80 28.26 2A German mark ii " U.K. pound 2B Upper 3A 38 4.36 4.97 -4.59 0.41 " Dutch guilder Canadian dollar " 1.42 French franc " -1.32 German mark „ " U.S. dollar 11.06 3.89 Swiss franc 5.56 French franc 2,18 Upper Overnight Euro S deposits Federal Funds Middle Differential Lower Euro-currencies: Upper Japan, Unconditional Money Lower Canada, Day-to-day Loans France, Day-to-Day Money U.K., 2-day Local Author. Deps. -.101.50 S e p t . 26 10.84 -0.59 !Sept. 28 <Sept. 14 <>ept. 21 Germany, Call Money £l e p t . 21 5.30 8.75 11.88r „ Netherlands. Call Money ... -0,00 _ _ c>ept. 28 i. ... 10.25 - " Euro DM Euro Swiss Fr. 5B 2.90 Gold price, U.S. dollar per ounce 4 5A 21.90 " Swiss franc 1 Rate „ 1A & 1C I B & 1C IB & 1C 1A & 1C Date 6.40 11.75 NA 7.43 __ H. 13 October 3, 1973 Release No. 630 IV - 3 Chart Panel 6A Euro-$ Overnight Rate 6B Rate Date Series S e p t . 28 10.94 Euro-$ 3-month Rate 10.38 Euro-$ 6-month Rate 7A Upper Euro-$ 3-month Deposits Lower Differential Upper Euro $ 3-month Deposits 11.31 S e p t . 26 U.S. Certificate of Deposits 7B +0.76 10.56 11.48 U.S. Certificate of Deposits (Adj.) 10.21 Lower Differential: on Adj. Euro-* Deposits +1.27 Upper Euro-S 3-month Deposits on Unadj. Euro-$ Deposits +0.35 S e p t . 14 S t e r l i n g CD's ( c o v e r e d ) 8B Lower Differential Upper Euro-$ 3-month Deposits Lower 7.79 11.53 U.K. Treasury Bill rate Local Authority Deposit (uncovered) Upper 7.67 Differential U.S. Treasury Bill rate 9A Spread (+= favor London) -3.86 S e p t . 28 it Net Incentive (+= favor London) 6.94 13.13 S e p t . 28 +3.85 -4.52 „ 1 I 10.79 Sept. 21 3-month Forward Pound Lower 11.53 -3.74 Local Authority Deposits (covered) 9B 10.56 9.80 Euro ) 3-month Deposits (Adj.) 8A 10.50 Euro-$ 1-month Rate -0.67 H. 13 O c t o b e r 3 , 1973 Release No. 630 IV - 4 Rate Date Chart Panel Series 10A Upper Euro-* Deposits (covered) German Interbank Loan rate " Lower Differential » Upper Euro-S Deposits (covered) " 5.76 Swiss Deposit rate .. 4.50 Lower Differential ii Upper Canadian Finance Paper 10B 11 Second 12A S e p t . . 26 Sept. 6.33 13.75 7.42 -1.26 28 8.75 U.S. Treasury Bill rate ii 6.94 Canadian Treasury Bill rate ii 6.29 U.S. Prime Finance paper (not plotted) ii 8.50 Bill rate differential •i Forward Canadian dollar n Sept. Sept. 11 -0.65 +1.37 +0.15c +0.72 Third Net incentive on bills Bottom Net incentive on Finance Paper Upper U.K. Treasury Bill rate .. 10.79 U.S. Treasury Bill rate if 6.94 German Interbank Loan rate ii 13.75 Lower Japanese Average rate 28 +1.29 July 7.160 S e p t . 28 6.29 U.S. Treasury Bill rate ii 6.94 Euro-$ Deposits h 10.38 Swiss 3-month Deposit rate ii 4.50 ii 6.94 Canadian Treasury Bill rate 12B Sept. U.S. Treasury Bill rate 3 ^ ' H. 13 October 3, 1973 Release No. 630 IV- 5 Chart Panel Series 13 Upper Netherlands Date Sept.. 21 Canada *United States Switzerland Middle Germany United Kingdom Lower U.S. Corp. Dollar E u r o - b o n c ^ ^ ^ ^ U.S. Corp. DM Euro-bonds U.S. Corp. Aaa bonds 14 Upper Switzerland Germany United States Middle United Kingdom Canada Lower * * Japan Series G Rate 7.66 .. 7.85 r. 7.12 Sept. 14 5.77 Sept. 21 9.69 •i 11.54 Aug. 8.46 Aug. 7.68 Aug. 7.68 Sept. 28 366.2 Sept. 21 261.4 Sept. 28 247.03 Sept. 28 240.83 Sept. 20 294.38 Sept. 14 841.59 Sept. 28 247.03 United States * New -- Average yield on selected 10 year constant maturity bonds due or callable in 10 years. ** Beginning week ended September 5, 1970, the Japanese index plotted is that of all industrial and other stocks on the First Section of the Tokyo Stock Exchange.
@FedFRASER