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H / 3 /X Selected Interest & Exchange Rates XAfeekly Series of Charts SEPTEMBER 2,1975 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D.C. 20551 I Table of Contents CHARTS TABLES 1. SPOT EXCHANGE RATE INDEXES 1. LATEST FIGURES PLOTTED 2. 3-MONTH FORWARD EXCHANGE RATES 2. DAILY CERTIFIED SPOT EXCHANGE RATES-H.10 RELEASE 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 a INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDEXES Chart 1 SPOT EXCHANGE RATES D O L L A R PRICES OF F O R E I G N CURRENCIES A N D W E I G H T E D A V E R A G E V A L U E S ( D A S H E D LINE) A V E R A G E S FOR WEEK E N D I N G W E D N E S D A Y CANADIAN DOLLAR 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 80 80 JAPANESE YEN 140 FRENCH FRANC 120 100 200 180 160 SWISS FRANC GERMAN M A R K 140 120 I 100 I I I I I I __ 160 „ DUTCH GUILDER BELGIAN FRANC w ^ } I v - -I /"V ( J , > > I 120 : I i r' 140 V 100 I I I I I I I l l l l l l l l l l l l 11111111111 i i i 120 I i i i l i i i i i i n i n ITALIAN LIRA U.K. POUND 100 80 I I I JJL | | | | | | | | | | | 3-MONTH FORWARD EXCHANGE RATES PREMIUM (+), OR DISCOUNT H AVERAGES FOR WEEK ENDING WEDNESDAY 6 CANADIAN DOLLAR 0 6 6 U.K. POUND SWISS FRANC 0 6 12 12 12 GERMAN MARK DUTCH GUILDER iilnlnln 6 FRENCH FRANC JAPANESE YEN 2 per cent on scale equals 1 per cent on all others 0 6 12 1973 24 1 1975 1973 1975 / Chart 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY US. DOLLARS PER FINE OUNCE 210 12.5 Kg BARS Afternoon fixing price 150 120 80 1973 1975 Chart 4 CALL MONEY RATES WEEKLY SERIES ;NT PER ANNUM PER CENT PER AL OVERNIGHT I EURO-DOLLARS 15 15 JAPAN J 10 - - 5 10 5 U.S. FEDERAL FUNDS I 0 I I I lllllllllll I I I I I lllllllllll 0 20 20 U.K. 2 - D A Y LOCAL AUTHORITY 15 FRANCE - 10 10 5 - I 0 I I I I I - - CANADA 5 0 5 0 15 15 10 15 / NETHERLANDS 5 - - I I I I I I 10 \ MlMlMlM ,I| I I| II|II 0 20 20 EURO-SWISS FRANC 15 10 15 10 GERMANY 5 0 5 V EURO-DM 5 0 5 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES 12 CANADIAN FINANCE CO. PAPER UNITED STATES CD's 8 4 II 111 111 I I I 16 GERMAN INTERBANK RATE U.K. INTERBANK STERLING 8 lllllllllll EURO-DOLLAR SWISS DEPOSIT RATE 10 JAPAN Monthly 6 1973 1975 1973 1975 Chart 6 EURO-DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY 16 OVERNIGHT 3-MONTH 12 8 4 16 16 7-DAY 6-MONTH 12 8 4 16 16 1-MONTH 1-YEAR 12 8 4 1973 1975 1973 1975 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY 15 FEDERAL FUNDS 3-MONTH Euro-dollar deposits 10 OVERNIGHT Euro dollar deposits 60-89 DAY CD'S 5 i 0 DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements 1973 Digitized forFavors FRASER Borrowing in U.S. if Positive 1975 1973 1975 Chart 8 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DlFFERENTIAL: PLUS (+), INDICATES FAVOR DOLLAR ASSETS PER ANNUM PER CENT PER 20 15 20 INTERBANK DM, Covered Frankfurt EURO-DOLLAR DEPOSITS 15 INTERBANK STERUNG Covered London ^ 10 10 5 0 5 EURO-DOLLAR DEPOSITS \ r\ DIFFERENTIAL 0 DIFFERENTIAL . 5 5 10 10 15 "CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS 10 6 15 10 U.S. COMMERCIAL PAPER 5 SWISS DEPOSITS (SF) 0 I DIFFERENTIAL DIFFERENTIAL 5 8 1973 1975 1973 \\ Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER CENT PER ANNUM 9 UNITED STATES CANADA 7 5 12 SWITZERLAND GERMANY 10 / JAPAN Industrial 8 6 14 —I 18 n UNITED KINGDOM 12 • FRANCE 10 8 NETHERLANDS 12 - U.S. CORPORATE Monthly U.S. CORPORATE Monthly Euro Dm bonds /*. Aaa bonds Euro-dollar bonds 6 1973 1975 1973 1975 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES" RATI 1969 180 UNITED STATES 100 60 45 320 UNITED KINGDOM JAPAN 240 160 I 80 I I I I I 1111111111 m 1111111111 180 SWITZERLAND 100 60 45 Vvf I I I I I I I I I I I I I 180 FRANCE General index GERMANY 100 - 60 45 - I i i I I I 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 . AUG, AUG. AUG# AUG. AUG. AUG. AUG. AUG. AUG. AUG. 27 27 27 27 27 27 27 27 27 27 84.95 120.80 142.24 137.35 87.85 104.44 126.93 163.29 130.63 93.40 AUG. AUG. AUG. AUG. AUG. AUG. AUG. 27 27 27 27 27 27 27 - 1 .19 -3.11 3.97 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN 0.00 5.06 3.55 -1.3 2 CHART 3 . GOLD PRICE I N LONDON U . S . DOLLAR PER FINE OUNCE AUG. 27 161.77 CHART 4 . 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 . AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 27 27 22 8 22 22 15 22 15 15 AUG. AUG. JUNE AUG. AUG. AUG. AUG. 27 27 27 27 27 27 27 6.23 6.07 9.8B 7.13 1.00 0.40 10.50 7.00 0.50 1.31 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 6.31 3.78 9.20 7.50 8.57 10.55 6.00 SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 6 . EiJtfO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR AUG. AUG. AUG. AUG. AUG. AUG. 27 27 27 27 27 27 6.07 6.22 6.47 7.50 8.42 8.75 27 27 27 27 27 27 6.07 6.23 0.09 7.50 6.31 1.10 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL AUG. 2 7 AUG. 27 AUG. 2 7 7.50 7.43 0.07 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL AUG. 2 7 AUG. 2 7 AUG. 2 7 6.63 7.39 -0.76 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL AUG. 2 7 AUG. 2 7 AUG. 2 7 7.50 7.75 -0.25 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL AUG. 2 7 AUG. 2 7 AUG. 2 7 7.50 11.06 -3.56 CHART 7e 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 . AUG. AUG. AUG. AUG. AUG. AUG. INTEREST ARBITRAGE, 3-MONTH FUNDS SERIES NAME CHART 9 , LAST VALUE PLOTTED DATE VALUE LONG TERM GOVERNMENT BOND Y I E L D S UNITED STATES GERMANY JAPAN 1MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM AUG. AUG. AUG. AUG. AUG. AUG. AUG. AUG. 22 15 1 15 8 15 15 15 8.45 8.24 9.41 6.32 9.42 9.94 7.74 14.00 AUG. AUG. AUG. 1 1 1 8.84 8,42 8.52 AUG. AUG. AUG. AUG. AUG. AUG. AUG. 22 15 1 15 15 22 15 88 • 3 7 205,. 5 7 104 • 4 9 102,, 0 2 69,•72 62.20 88.14 U . S . CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY F E D E R A L R E S E R V E FOREIGN EXCHANGE RATES H.IO AUGUST 2 9 , 1975 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 IRATE U . S . CENTS) AUG. 27 MONETARY UNIT AUG. 25 AUG. 26 DOLLAR SCHILLING FRANC DOLLAR KRONE MARKKA FRANC D . MARK RUPEE POUND LIRA YEN DOLLAR PESO GUILDER DOLLAR KRONE ESCUOO RAND PESETA RUPEE KRONA FRANC POUND 127.7000 5.50000 2.61300 96.8200 16.7600 26.4500 22.7900 38.7500 11.3000 210.5500 0.14960 0.33550 39.7800 8.0000 37.8400 106.1000 18.2300 3.7700 139.7500 1.7130 13.5000 22.9900 37.2500 210.5500 127.6000 5.47000 2.61200 96.5600 16.7200 26.3400 22.8300 38.8400 11.3000 210.9000 0.14970 0.33540 39.6100 8.0000 37.9800 106.1000 18.2600 3.7600 139.7500 1.7095 13.5000 23.0200 37.3200 210.9000 127.7000 5.50000 2.61000 96.6300 16.7400 26.4200 22.8200 38.7900 11.3000 211.0500 0.14970 0.33560 39.7700 8.0000 37.9000 106.2500 18.2200 3.7500 139.7500 1.7125 13.5000 22.9900 37.3600 211.0500 AUG. 28 AUG. 2 9 127.7000 5.49000 2.60650 96.7600 16.7200 26.4100 22.7800 38.7500 11.3000 210.9500 0.14970 0.33550 39.7700 8.0000 37.8700 106.2500 18.1900 3.7600 139.7500 1.7130 13.5000 22.9300 37.2900 210.9500 127.7000 5.48000 2.60150 96.8600 16.7300 26.3700 22.7400 38.7400 11.2000 211.0000 0.14970 0.33560 39.7600 8.0000 37.8700 106.2000 18.0700 3.7600 139.7000 1.7130 13.5000 22.8900 37.2500 211.0000
@FedFRASER