The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Selected Interest & Exchange Rates XAfeekly Series of Charts SEPTEMBER 20,1976 DIVISION OF INTERNATIONAL FINANCE Prepared by the FINANCIAL MARKETS SECTION BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 20551 "/ Table of Contents 5 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 135 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 a 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 FOREIGN 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 (DASHED LINE) AVERAGES FOR WEEK ENDING W E D N E S D A Y CANADIAN DOLLAR 100 FOREIGN CURRENCY PRICE OF U.S. DOLLAR 90 V - x , , . / - 80 ! I I JAPANESE YEN FRENCH FRANC 200 180 - - - - 160 . I 140 / x - : / -rU 1 J / -J ' 1 SWISS FRANC GERMAN MARK 1 MlnlMl,; I I ! DUTCH GUILDER BELGIAN FRANC 120 i U.K. POUND 100 - i • 80 — X I \ - ITALIAN LIRA \ y - V / ^ ll \\ I \ - vC ~ - 'V 60 I i l i 1 ! I I I I I I I I I I11111111111 I 1974 1976 I I I I I I 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+), OR DISCOUNT ( - ) AVERAGES FOR WEEK ENDING WEDNESDAY 6 CANADIAN DOLLAR 0 6 SWISS FRANC U.K. POUND 0 6 12 DUTCH GUILDER 12 GERMAN MARK 6 0 6 6 FRENCH FRANC _ JAPANESE YEN 2 per cent on scale equals 1 per cent on all others 0 6 12 1974 1976 1974 1976 Chart 3 PRICE OF G O L D IN L O N D O N AVERAGES FOR WEEK ENDING WEDNESDAY 210 125 Kg BARS Afternoon fixing price 120 60 30 1974 1976 Chart 4 CALL MONEY RATES WEEKLY SERIES OVERNIGHT EURO-DOLLARS JAPAN 10 5 U.S. FEDERAL FUNDS 0 20 U.K. 2-DAY LOCAL AUTHORITY FRANCE 15 10 15 NETHERLANDS CANADA 5 0 20 20 , EURO-SWISS FRANC EURO-DM 1 1974 1976 1974 1976 1 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES 12 UNITED STATES CD's CANADIAN FINANCE CO. PAPER 8 4 Illllllllll 16 U.K. INTERBANK STERLING GERMAN INTERBANK RATE 12 8 .EURO—DOLLAR SWISS DEPOSIT RATE 6 JAPAN Monthly 1974 1976 1974 1976 Chart 6 EURO DOLLAR DEPOSIT RATES L o n d o n AVERAGES FOR WEEK ENDING WEDNESDAY 16 3-MONTH OVERNIGHT 12 8 4 16 16 6-MONTH 7-DAY 12 8 16 1-MONTH 1-YEAR 1974 1976 1974 1976 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY PER CENT 15 — 3-MONTH Euro-dollar deposits FEDERAL FUNDS 10 OVERNIGHT Euro-dollar deposits 90 DAY CD's 5 0 DIFFERENTIAL Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements Favors Borrowing in U.S. if 1974 Positive 1976 1974 1976 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEK ENDING WEDNESDAY DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS PER CENT PER ANNUM PER CENT PER ANNUM. 20 INTERBANK DM Covered Frankfurt INTERBANK STERLING Covered London EURO-DOLLAR DEPOSITS EURO-DOLLAR DEPOSITS DIFFERENTIAL ' ? U DIFFERENTIAL Mill 15 ~ CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS SWISS DEPOSITS (SF) COVERED 10 5 U.S. COMMERCIAL PAPER 0 DIFFERENTIAL DIFFERENTIAL" V 5 1974 1976 1974 1976 Chart 9 LONG-TERM GOVERNMENT BOND YIELDS WEEKLY SERIES 9 CANADA UNITED STATES 7 5 12 ^ JAPAN \ Industrial JO 8 SWITZERLAND GERMANY 6 18 14 12 UNITED KINGDOM FRANCE 10 8 NETHERLANDS 6 4 12 12 U.S. CORPORATE Monthly 10 „ Aaa bonds U S. CORPORATE Monthly ,A Euro-dollar bonds 3 Euro-Dm bonds 6 1974 1976 1974 1976 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES RATIO SCALE 1969=100 180 UNITED STATES 100 60 45 400 300 100 UNITED KINGDOM JAPAN 100 140 240 180 SWITZERLAND 100 CANADA 60 100 60 35 180 180 FRANCE General Index 100 GERMANY 100 60 60 45 45 1974 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 . SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 15 15 15 15 15 15 15 15 15 15 112.84 176.53 129.42 74.32 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 15 15 15 15 15 15 15 -3.88 -9.01 1.27 -5.11 4.32 -6.33 -0.46 S E P T . 15 112.99 90.17 125.68 146.21 138.42 72.69 110.81 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN ] LAST VALUE PLOTTED DATE VALUE CHART 3 . GOLD PRICE I N LONDON U.S. DOLLAR PER FINE OUNCE 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 . SEPT. SEPT. SEPT. SEPT. SEPT. AUG. SEPT. SEPT. JULY AUG. 15 15 3 10 3 27 3 3 30 27 5.22 5.46 10.50 9.06 4.30 4.31 7.25 9.50 5.25 0.53 SEPT. SEPT. JULY SEPT. SEPT. SEPT. SEPT. 15 15 5.30 4.58 8.23 5.58 9.42 12.03 4.50 3-MONTH INTEREST RATES U . S . C D ' S ( 6 0 - 8 9 DAYSI GERMAN INTERBANK LOAN JAPANESE COMPOSITE LOAN EURO-DOLLAR DEPOSIT CANADIAN FINANCE COMPANY PAPER INTERBANK STERLING SWISS DEPOSIT 15 15 15 8 LAST VALUE PLOTTED DATE VALUE SERIES NAME CHART 6 . EURO-DOLLAR DEPOSIT RATES: LONDON . ; . SEPT. SEPT. SEPT. SELECTED EURO-DOLLAR AND U . S . INTEREST ARBITRAGE, 5.58 6.08 6.53 ^ % J SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. 15 15 15 15 15 15 5.46 5.22 if. 5.30 0.17 3-MONTH FUNDS EURO-DOLLAR DEPOSIT INTERBANK STERLING ( L O N D O N ) , COVERED DIFFERENTIAL 1 1 % : ' 15 S E P T . 15 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL S E % / 15 s 15 S E P T . 15 EURO-DOLLAR DEPOSIT INTERBANK DM ( F R A N K F U R T ) , COVERED DIFFERENTIAL >5 , S E P T . 15 5.85 SEPrT* . . -0.28 "h;i 5.58 SEM. 1* ! SEPT. 8.82 SEPT. : -3.24 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL V % MONEY MARKET RATES OVERNIGHT EURO-DOLLAR DEPOSITS U . S . FEDERAL FUNDS D I F F E R E N T I A L A D J . FOR RESERVE REQUIREMENTS 3-MONTH EURO-DOLLAR DEPOSIT RATE U . S . C D ' 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 . TBAHJ 1 ^ ; , 15 15 : / CHART 7 . I ll:|y::: ) OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR - 5.58 3.02 2.56 : TS4r,3 5.38 5.54 -0.16 •2$US . 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 SEPT. AUG. JULY AUG. SEPT. AUG. JULY AUG. 10 27 27 10 20 30 27 7.65 8.00 8.76 4.99 9.14 10.31 8.94 14.07 U . S . CORPORATE AAA BONDS EURQ-DM BONDS EURO-DOLLAR BONDS AUG. JULY JULY 6.45 7.49 8.07 CHART 1 0 . INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY SEPT. AUG. AUG. AUG. AUG. SEPT. AUG. 3 27 27 27 27 3 27 106.09 235.28 101.21 100.31 83.85 68.86 92.81 FEDERAL RESERVE s t a t i s t i c a l r e l e a s e "•SSBw? H.10 FOREIGN EXCHANGE RATES SEPTEMBER 2 1 , 1976 FOR THE WEEK ENDING SEPTEMBER 1 7 , 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 SEP. 13 SEP. 14 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 124.4200 5.61000 2.58800 102.5200 16.6000 25.7100 20.2800 39.8400 10.9500 174.8000 0.11890 0.34890 39.8100 5.0300 38.1500 99.2900 18.2900 3.2100 114.7500 1.4717 11.5000 22.8200 40.3300 174.8000 124.4000 5.62000 2.59200 102.5900 16.6300 25.7200 20.3000 39.9500 10.9500 173.9500 0.11880 0.34900 39.8100 5.0400 38.2600 99.2100 18.3200 3.2100 114.7500 1.4717 11.5000 22.8600 40.3400 173.9500 CRATE U . S . CENTS) SEP. 15 124.3400 5.66000 2.60500 102. 5300 16.6700 25.7200 20.4300 40.2300 10.9500 173.4100 0.11900 0.34950 39.8200 5.0400 38.5700 99.0400 18.4100 3.2100 114.7500 1.4732 11.5000 22.9900 40.4900 173.4100 SEP. 16 SEP. 17 124.5100 5 .66000 2.60230 102.3400 16.7300 25.8200 20.4700 40.3100 10.9500 173.9200 0.11890 0.34880 39.8400 5.0100 38.4700 96.9600 18.4300 3.2100 114.7500 1.4734 11.5000 23.0400 40.4000 173.9200 124.6400 5.68000 2.60900 102.5800 16.7500 25.8400 20.4200 40.3300 10.9500 173.4000 0.11890 0.34810 39.8000 5.0300 38.3100 99.4000 18.4800 3.2200 114.7500 1.4723 11.5000 23.0700 40.4200 173.4000