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Selected Interest & Exchange Rates Weekly Series of Charts Feder-jf ° ' Gai, iryariv.bcc SEP 2 6 1977 LIBRARY J SEPTEMBER 19.1977 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 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 RATIO SCALE MAY 1970 PARITY=100 RATIO SCALE MAY 1970 PARITY=100 CANADIAN DOLLAR FOREIGN CURRENCY PRICE OF U.S. DOLLAR FRENCH FRANC JAPANESE YEN SWISS FRANC GERMAN MARK A / / \y\ — DUTCH GUILDER /s 160 — BELGIAN FRANC 140 y - —r^ ' I v i f-' I I I I I I 120 11111111111 too - 100 ITALIAN LIRA U.K. POUND 80 60 1975 1977 1975 1977 CHART 2 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY PER :ENT PER ANNUM 6 + CANADIAN DOLLAR 0 6 PER CENT PER ANNUM + 0 DUTCH GUILDER U. K. POUND AVK - - 6 12 18 6 I I I 12 SWISS FRANC GERMAN MARK + 0 6 6 6 12 JAPANESE YEN 2 PER CENT ON SCALE EQUALS 1 PER CENT OH ALL OTHER + 0 FRENCH FRANC 6 - 12 12 - 24 1975 1977 1975 1977 CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DOLLARS PER FINE OUNCE U.S. DOLLARS PER FINE OUNCE 200 200 180 - 180 - 160 140 - 140 120 - 120 100 - 100 12.5 Kg BARS 160 AFTERNOON FIXING PRICE - II 1975 I I I I I I 1977 80 CHART 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER ANNUM PER CENT PER ANNUM, 16 — U.S. FEDERAL FUNDS VvL 16 JAPAN - OVERNIGHT EURO-DOLLARS 12 - 1 1 1 1 1 1 — 16 - — /jl U.K. 2-DAY LOCAL AUTHORITY 12 - V V 8 FRANCE AJ — l 4 I I I I I I , 11, — 1 1 1 1 1 1 1 1 1 1 11 1 1 1 1 1 In 12 CANADA NETHERLANDS - *-vrv 1 I l 1 1 — 1 EURO-DM GERMANY 1975 - 16 — 12 J EURO-SWISS FRANC 1977 1975 1977 CHART 5 3-MONTH INTEREST RATES WEEKLY SERIES , PER CENT PER ANNUM PER CENT PER ANNUM — i . EURO-DOLLAR 12 - J A L - CANADIAN FINANCE CO. PAPER - U.S. ~ l CD'S I I I I I 14 10 U.K. INTERBANK STERLING - GERMAN INTERBANK RATE 6 - 14 SWISS INTERBANK RATE 1 10 t J_L I I 1975 JAPANESE BANK LOANS AND DISCOUNTS I 1977 1975 1977 CHART 6 EURO-DOLLAR DEPOSIT RATES LONOON AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM OVERNIGHT 3-MONTH 7-DAY 6-MONTH 1-MONTH w\ - 1-YEAR 12 — A ~l 1975 1977 I I I I 1975 I 1977 # # # # # CHART # # # # 7 SELECTED EURO-DOLLAR AND U. S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM PER CENT PER ANNUM 12 ) V-v OVERNIGHT EURO-DOLLAR DEPOSITS 3-MONTH EURO-DOLLAR 8 DEPOSITS FEDERAL FUNDS DASHED LINE V"\ W 90-DAY C D ' S rJ DASHED LINE 4 DIFFERENTIAL ADJUSTED DIFFERENTIAL ADJUSTED FOR FOR RESERVE REQUIREMENTS RESERVE REQUIREMENTS + 0 1975 FAV/HDQ nnoonwiwr: IKI I I Q IF P O S I T I V F 1977 1975 1977 CHART 8 INTEREST ARBITRAGE: 3-MONTH FUNDS DIFFERENTIAL: PLUSM. INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT PER ANNUM [p PER CENT PER ANNUM EURO-DOLLAR DEPOSITS - V1* / INTERBANK STERLING L ' 12 INTERBANK DM COVERED LONDON COVERED FRANKFURT — 6 EURO-DOLLAR DEPOSITS DASHED LINE DIFFERENCIAL DIFFERENTIAL I I I I N i l I 11 Ml i l l I CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 12 12 U.S. COMMERCIAL PAPER SWISS INTERBANK (SF) COVERED DASHED LINE DASHED LINE DIFFERENTIAL yy^V\ . r y y ^ ^ v DIFFERENTIAL J_± _LLLL 1975 JJJ 111111111" I " I " l ' i 1977 1975 1977. CHART 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER C PER CENT PER ANI 4UM T PER ANNUM CANADA 9 10 UNITED STATES 8 M 5 i l l 6 8 11 JAPAN INDUSTRIAL \ V Y / - , 9 \ — J Vr-x SWITZERLAND 6 V/- Lyv . GERMANY 7 I I I I I I 4 2 I 18 13 16 11 UNITED KINGDOM FRANCE 14 9 12 7 NETHERLANDS U 5 10 12 11 U. S. CORPORATE MONTHLY U. S. CORPORATE / > MONTHLY E U R O - D O L L A R BONDS 10 9 Aaa BONDS 7 EURO-DM BONDS 1_1 1975 5 1977 1975 1977 CHART 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1 9 6 9 - DO 180 140 UNITED STATES 100 RATIO SCALE 1969=100 80 60 I I I I I I I i i l i i l n h , UNITED KINGDOM 360 280 JAPAN 200 160 120 180 140 SWITZERLAND CANADA 100 80 60 180 - - 140 FRANCE GENERAL INDEX - - GERMANY 100 80 - 60 I 1975 1977 I 1975 I 1977 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 CHART 2 . SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 14 14 14 14 14 14 14 14 14 14 89.59 134.90 157.29 146.97 72.63 100.72 112.61 163.17 139.49 70.71 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 14 14 14 14 14 14 14 -0.99 0.07 2.67 -3.80 3.99 1.83 1.27 SEPT. 14 147.73 SEPT. 14 SEPT. 14 9 SEPT. 9 SEPT. 9 SEPT. 9 SEPT. 9 SEPT. 9 SEPT. SEPT. 2 9 SEPT. 6 . 05 6.32 6.00 6.75 3.90 3.69 4.8b 8.25 3.21 1.99 14 14 14 14 14 14 14 6.02 4.07 5.25 6.49 7.45 6.09 2.32 3-MCNTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN 5 . GOLD PRICE I N LONDON U.S. CHART 4 . DOLLAR PER FINE OUNCE 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 CHART 5 . 3-MONTH INTEREST RATES U . S . CD'S ( 6 0 - 8 9 DAYS) GERMAN INTERBANK LOAN JAPANESE BANK LOANS & DISCOUNTS EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS INTERBANK LOAN SEPT. SEPT. SEPT. SEPT. SEPT . SEPT. SEPT. LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 14 14 14 14 14 14 6.32 6.24 6.3? 6.4 6.68 6.60 14 14 14 14 14 14 6.32 6.05 0.53 6.49 6.02 0.36 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL S E P T . 14 SEPT. 14 S E P T . 14 6.49 6.16 0.33 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL S E P T . 14 SEPT. 14 SEPT. 14 6.01 6.46 -0.45 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL SEPT. 14 SEPT. 14 SEPT. 14 6.49 6.74 -0.25 EURO-DOLLAR DEPOSIT SWISS INTERBANK, COVERED DIFFERENTIAL SEPT. 14 SEPT. 14 SEPT. 14 6.49 6.32 0.17 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) DIFFERENTIAL A D J . FOR RESERVE REQUIREMENTS CHART 8 . SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 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 9 SEPT. 9 SEPT. AUG. SEPT. 2 9 SEPT. AUG. 26 SEPT. 9 SEPT. 7.31 5.70 6.82 4.06 8.53 10.80 6.67 10.56 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . JULY JULY JULY 7.94 6.69 7.48 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY 9 SEPT. SEPT. 2 AUG. 12 AUG. 26 9 SEPT. 9 SEPT. 9 SEPT. 100.06 257.14 92.06 84.98 126.28 78.00 97.94 FEDERAL RESERVE statistical SEPTEMBER FOREIGN EXCHANGE RATES FOR THE WEEK ENDING SEPTEMBER 16, release 19, 1977 1977 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 UNITED KINGDOM MONETARY UNIT SEP. 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 110.2500 6.04000 2.78700 93.0600 16.1700 23.9350 20.2600 42.9500 11.4500 174.3200 0.11310 0.37500 40.6000 4.3700 40.5250 96.6000 18.3000 2.4575 115.0000 1.1832 13.7000 20.5500 41.8600 174.3200 12 SEP. (RATE U . S . CENTS) SEP. 14 13 110.2500 6.04500 2.78600 93.2450 16.1700 23.9225 20.2500 42.9550 11.4500 174.3400 0.11307 0.37475 40.6100 4.3725 40.5750 96.8000 18.2300 2.4625 115.0000 1.1833 11.6100 20.5550 41.8600 174.3400 110.2500 6.03500 2.76300 93.1900 16.1600 23.9100 20.2350 42.9000 11.4500 174.4050 0.11302 0.37435 40.5900 4.3750 40.5250 96.8000 18.1700 2.4600 115.0000 1 . 1826 11.6500 20.5450 41.8300 174.4050 SEP. 15 110.3000 6.04500 2.78630 93.1950 16.1700 23.9700 20.2650 42.9700 11.4500 174.3700 0.11305 0.37445 40.5900 4.3775 40.5700 96.8000 18.2400 2.4600 115.0000 1.1823 11.5500 20.5800 41.9100 174.3700 SEP. 16 110.3200 6.05000 2.76600 93.1000 16.1700 23.9000 20.2625 42.9650 11.4500 174.2700 0.11310 0.37440 40.6500 4.3762 40.5550 96.8500 18.2200 2.4700 115.0000 1.1823 11.6000 20.5900 41.9550 174.2700
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