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Selected Interest & Exchange Rates Weekly Series of Charts SEPTEMBER 13,1976 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 "V 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 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDEXES Chart 1 SPOT EXCHANGE RATES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (DASHED LINE) AVERAGES FOR WEEK ENDING WEDNESDAY C A N A D I A N DOLLAR FOREIGN CURRENCY^ PRICE OF U:§. DOLLAR J _ L JAPANESE YEN I I I I I I , GERMAN MARK FRENCH FRANC I I I I I ^ I I 200 - - 100 " 1 1 J 1 - r J / 120 1 V^ 140 SWISS FRANC - 1 160 1 180 i l l 1 _ - lllllllllll 1 lllllllllll DUTCH GUILDER V / J J r\J i \ y ' 1 M - r>z , I N lltllllllll I 11 (11111111 U.K. POUND i I, 1 -1- ' " I I I \/ I I l l I T A L I A N LIRA \ - . 1 A 1 V . 1,1 BELGIAN FRANC _ 1 i , •111 I I l u l l ! 111 hi I n 1,1.1 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM 6 PER CENT PER ANNUM SWISS FRANC U.K. POUND z/ S\ I \A I I A I I I I DUTCH GUILDER GERMAN MARK I I I I I I v a A lllllllllll JAPANESE YEN 2 per cent on scale equals 1 per cent on all others FRENCH FRANC I I I llllllll 6 - 6 6 I 1 t # 4 Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY 210 12.5 Kg BARS Afternoon fixing price 150 120 90 60 30 1974 1976 Chart 4 CALL MONEY RATES r WEEKLY SERIES PER CENT PER ANNUM t PER CENT PER ANNUM 15* OVERNIGHT EURO-DOLLARS J 103 JAPAN - U.S. FEDERAL FUNDS i i i J i i I II I II i U.K. 2 - D A Y LOCAL AUTHORITY 15 10 5 v- I I I I I I lllllllllll — iiliilnlii I I I l I l lllllllllll — NETHERLANDS 10 CANADA ywv, 5 0 V\v - Q 15 FRANCE fl/M N % > 20 - I I I I I I llllllllhl iilnjiilii EURO-SWISS FRANC GERMANY EURO-DM Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER ANNUM 12 UNITED STATES CD's CANADIAN FINANCE CO. PAPER 8 4 16 U.K. INTERBANK STERLING GERMAN INTERBANK RATE 12 8 4 14 IEURO-DOLLAR SWISS DEPOSIT RATE 10 6 JAPAN Monthly 1974 1976 1974 1976 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY OVERNIGHT 3-MONTH 12 e 4 16 16 6-MONTH 7-DAY 12 6 4 16 16 1-MONTH 1-YEAR 12 8 4 1974 n 11111111 > 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 -I 0 ft' t ^ \ DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1974 Favor$ Rnrrowing in I I.S. if Positive 1 1976 1974 1976 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY D I F F E R E N T I A L : P L U S H , INDICATES FAVOR D O L L A R ASSETS PER ANNUM PER CENT PER 20 20 15 INTERBANK DM Covered Frankfurt INTERBANK STERLING Covered London 15 EURO-DOLLAR DEPOSITS 10 10 EURO-DOLLAR DEPOSITS 5 5 0 0 DIFFERENTIAL DIFFERENTIAL 5 5 10 10 15 CANADIAN FINANCE CO. PAPER, COVERED 15 E U R O - D O L L A R DEPOSITS SWISS DEPOSITS (Si COVERED 10 10 5 5 U.S. COMMERCIAL PAPER ( DIFFERENTIAL DIFFERENTIAL 5 1974 1976 1974 1976 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM CANADA 9 UNITED STATES 7 5 12 JAPAN \ Industrial SWITZERLAND .10 8 GERMANY 6 18 14 UNITED KINGDOM 12 FRANCE 10 8 NETHERLANDS 6 4 12 12 U.S. CORPORATE Monthly __ U.S. CORPORATE Monthly 10 , / n Euro-dollar bonds Aaa bonds 8 Euro-Dm bonds 6 1974 1976 1974 1976 Chart 10 INDUSTRIAL STOCK INDEXES W E E K L Y SERIES RATIO SCALE 1969=100 UNITED STATES RATIO SCALE 1969=100 UNITED KINGDOM JAPAN SWITZERLAND CANADA FRANCE General Index GERMANY 1974 <-1 \ 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 . DOLLAR PER F I N E OUNCE 9 0 ,. 1 9 125.02 145.12 137.49 73.84 110.48 1 1 2 ,, 6 8 1 7 6 ,, 1 7 128.78 74.33 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 8 8 8 8 8 6 8 -3.88 -8.87 1.20 -4.99 4.28 -8.40 -0.53 SEPT. 8 109.90 SEPT. 8 SEPT. 8 SEPT. 3 SEPT. 3 SEPT. 3 AUG. 2 7 SEPT. 3 SEPT. 3 JULY 3 0 AUG. 2 7 5.25 5.31 10.50 9.25 4.30 4.31 7.25 9.50 5.25 0.53 SEPT. SEPT. JULY SEPT. SEPT. SEPT. SEPT. 5.25 4.58 8.23 5.54 9.47 11.23 4.50 CALL MONEY RATES U . S . FEDERAL FUNDS OVERNIGHT EURO-DOLLAR DEPOSITS U . K . 2 - D A Y LOCAL AUTHORITY DEPOSITS CANADA GERMANY EURO-DN JAPAN FRANCE NETHERLANDS EURO-SWISS FRANC CHART 5 . 8 8 8 6 8 8 8 8 8 8 GOLD PRICE I N LONDON U.S. 4. SEPT. SEPT. SEPT. SFPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN CHART 3 • LAST VALUE PLOTTED DATE VALUE 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 8 8 6 8 8 8 ' SERIES NAME CHART 6 . ' EURO-DOLLAR DEPOSIT RATES: LONDON SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 8 6 8 8 8 8 5.31 5.24 5.36 5.54 6.03 6.53 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 8 8 8 8 8 6 5.31 5.25 0.28 5.54 5.25 0.19 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL SEPT. SEPT. SEPT. 8 8 8 5.54 2.35 3.19 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL SEPT. SEPT. SEPT. 8 8 8 5.38 5.59 -0.21 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL SEPT. SEPT. SEPT. 8 8 8 5.54 5.78 -0.24 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL SEPT. SEPT. SEPT. 8 8 8 5.54 8.78 -3.24 OVERNIGHT 7-DAY 1-MONTH 3—MONTH 6-MONTH 1-YEAR 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) D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS CHART 8 . INTEREST ARBITRAGE, 3-MONTH FUNDS if LAST VALUE PLOTTED^ DATE VALUE /J LAST VALUE PLOTTED SERItrS CHART 9 . NAME SEPT. AUG. JULY AUG. SEPT. AUG. JULY AUG. 3 27 27 3 20 30 27 7 .67 9 .00 8 .76 4.99 9 .24 10.31 8.94 14.07 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . VALUE LONG TERM GOVERNMENT BONO Y I E L D S U N I T E D STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS U N I T E D KINGDOM U.S. DATE INDUSTRIAL U N I T E D STATES JAPAN CANADA FRANCE U N I T E D KINGDOM SWITZERLAND GERMANY AUG. JULY JULY 8.45 7.49 8.07 STOCK INDEXES SEPT. AUG. AUG. AUG. AUG. SEPT. AUG. 3 27 27 27 27 3 27 108.09 235.28 101.21 100.31 83.85 68.86 92.81 .dittfe, F E D E R A L H . 10 RESERVE statistical SEPTEMBER 13 » 1 9 7 6 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING SEPTEMBER 1 0 , release 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 SRI LANKA SWEDEN SWITZERLAND UNITED KINGDOM MONETARY UNIT DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUOO RAND PESATA RUPEE KRONA FRANC POUND SEP. H 0 L I 0 A Y 6 SEP. 7 IRATE U . S . CENTS ) SEP. 8 124.2500 5.59000 2.57650 102.3500 16.4800 25.7500 20.2803 39.6300 11.1000 177.1200 0.11900 0.34750 39.8400 4.8800 38.0000 99.6200 18.2100 3.2000 114.7500 1.4718 11.5300 22.7300 40.2900 177.1200 124.4900 5.59000 2.57650 102.2900 16.5000 25.7500 20.3000 39.7000 11.1000 177.1500 0.11900 0.34770 39.8400 4.8800 38.0400 99.6200 18.2300 3.2000 114.7500 1.4710 11.5300 22.7500 4 0 . 2 700 177.1500 SEP. 9 124.5900 5.60000 2.57950 102.4300 16.5600 25.7000 20.2900 39.8800 11.10CC 174.6000 0.11900 0.34960 39.8500 4.8900 38.1200 99.6700 18.2800 3.2000 114.7500 1.4705 11.5300 22.8100 40.3600 174.8000 SEP. 10 124.6000 5.61000 2.57730 1C2.410C 16.5400 25.6900 20.2800 39.8400 10.9500 175.3000 0.11890 0.34850 39.7800 4.9000 38.0800 99.8500 18.2900 3.2000 114.7500 1.4713 11.5000 22.8300 40.3200 175.3000 4T
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