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- 6 f e - Selected Interest & Exchange Rates WeeklySeries of Charts SEPTEMBER 7,1976 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 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 a INTEREST ARBITRAGE: 3-MONTH FUNDS 9. LONG-TERM GOVERNMENT BOND YIELDS 10. INDUSTRIAL STOCK INDEXES 0 Chart 1 SPOT EXCHANGE RATES DOLLAR 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 (DASHED LINE) A V E R A G E S FOR WEEK ENDING W E D N E S D A Y CANADIAN DOLLAR 100 FOREIGN CURRENCY 90 ^ - 80 I i i i I 140 i i i liihiiiiiii I I I JAPANESE YEN i I I I I ImIMIMIIIIMIIIIIIIH FRENCH FRANC 120 f w I I I I I I 11111 111 11 11 i i h i h i l n I I I I I I I iillllllln SWISS FRANC y j GERMAN MARK " f L W V /vA - 180 1 1 1 200 - 160 140 - 120 / I I 100 140 120 I I I I I iihiliilii - n/A y A \ y v x / •7 BELGIAN FRANC / I U I - v^- v ^ / V V ^ / - __ — ' 140 120 . I I I I ! I iihiJnlji illllllllll U.K. POUND " V * \ | \ I \ - II \ V \ I 100 160 DUTCH GUILDER A. - A y 100 I I I I I 1974 I lllllllllll 1976 I I I I I I I I 111111111111 100 Chart 2 3-MONTH FORWARD EXCHANGE RATES PREMIUMS (+LOR DISCOUNTH AVERAGES FOR WEEK ENDING WEDNESDAY CANADIAN DOLLAR 0 6 SWISS FRANC U.K. POUND 0 6 Illlllulll 12 DUTCH GUILDER 12 GERMAN MARK e o 6 lllllllillllllll lllllll 6 FRENCH FRANC ~ JAPANESE YEN 2 per cent on scale equals 1 per cent on all others 12 0 6 12 24 I I IIIIIIIIIIII 1974 iilnliihi 1976 1974 1976 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY US. DOLLARS PER FNE OUNCE 210 „ 12.5 Kg BARS Afternoon fixing price 160 120 90 60 30 1974 1976 Chart 4 CALL MONEY RATES WEEKLY SERIES PER CENT PER Al IT PER ANNUM 15 OVERNIGHT EURO-DOLLARS J JAPAN 10 5 - U.S. FEDERAL FUNDS I I I I I I 0 20 U.K. 2-DAY LOCAL AUTHORITY FRANCE 15 " y i I I 10 V I I 5 0 I 15 NETHERLANDS 10 CANADA 5 11111" 1111111 0 20 EURO-SWISS FRANC 15 GERMANY 10 5 EURO-DM 0 5 Chart 5 3-MONTH INTEREST RATES WEEKLY SERIES PER CENT PER A» -NT PER ANNUM UNITED STATES CD's CANADIAN FINANCE CO. PAPER - f - 12 6 x ~ 4 - " l I I I I I U.K. INTERBANK STERLING r 16 12 6 4 ihilnlii iitu-lnhi I I I 1.0 EURO-DOLLAR SWISS DEPOSIT RATE 6 Monthly 2 Chart 6 EURO DOLLAR DEPOSIT RATES London AVERAGES FOR WEEK ENDING WEDNESDAY PER 16 OVERNIGHT 3-MONTH 12 8 4 16 16 6-MONTH 7-DAY 12 8 4 16 16 1-YEAR 1-MONTH "luiiiiii ilnlii 1878 1*74 Chart 7 SELECTED EURO-DOLLAR AND U.S. MONEY MARKET RATES AVERAGES FOR WEEK ENDING WEDNESDAY CENT 15 3-MONTH Euro dollar deposits FEDERAL FUNDS! 10 OVERNIGHT I Euro dollar deposits 90 DAY CD's 5 0 (DIFFERENTIAL | Adjusted for reserve requirements DIFFERENTIAL Adjusted for reserve requirements ( 1974 http://fraser.stlouisfed.org/ - s Pirrowing in U.S. if Positive i Federal Reserve Bank of St. Louis " I I ' 1 K 1 I I «7e 1974 1978 INTEREST ARBITRAGE: 3-MONTH FUNDS AVERAGES FOR WEEKENDING WEDNESDAY DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS PER CENT PER ANNUM 20 20 r— 15 INTERBANK DM Covered Frankfurt INTERBANK STERLING Covered London EURO-DOLLAR DEPOSITS 10 EURO-DOLLAR DEPOSITS 5 0 /\ DIFFERENTIAL < U > v X Va,'^''vv-'\vV/v' DIFFERENTIAL 5 10 18 CANADIAN FINANCE CO. PAPER, COVERED EURO-DOLLAR DEPOSITS SWISS DEPOSITS (SF) COVERED 10 s U.S. COMMERCIAL PAPER $ DIFFERENTIAL DIFFERENTIAL 5 1974 1976 \ Chart 9 LONG -TERM GO VERNMENT BOND YIELDS WEEKLY SERIES K H CENT PEW ANNUM t •NT PER ANNUM y CANADA UNITED STATES 10 v 6 -J f I I I I I I 6 9 12 JAPAN \ Industrial U 10 8 SWITZERLAND 7 5 GERMANY 6 3 14 19 12 UN TED KINGDOM 16 FRANCE 14 10 8 12 NETHERLANDS 10 6 4 6 12 12 US. CORPORATE Monthly 10 - Aaa bonds - 8 / / - 1976 I I I I I 1974 10 A 6 Euro-Dm bonds I 1974 . „ | / 0 Euro-dollar bonds 6 Lliiliilii 1976 Chart 10 INDUSTRIAL STOCK INDEXES WEEKLY SERIES 180 UNITED STATES 100 60 45 400 140 300 100 UNITED KINGDOM JAPAN 200 100 lllllllllll ill 240 140 180 SWITZERLAND 100 CANADA 60 100 60 180 FRANCE General Index GERMANY 100 100 60 lllllllllll 45 1974 45 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 . 3-MONTH FORWARD EXCHANGE RATES CANADIAN DOLLAR U . K . POUND GERMAN MARK FRENCH FRANC SWISS FRANC DUTCH GUILDER JAPANESE YEN CHART 3 . 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 . 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 SERIES NAME CHART 6 . LAST VALUE PLOTTED DATE VALUE EURO-DOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7-DAY 1-MONTH 3-MONTH 6-MONTH 1-YEAR 1 1 1 1 I I 5.29 5.23 5.22 5.53 6.05 6.50 SEPT. SEPT. SEPT. SEPT. SEPT. SEPT. I 1 1 1 1 1 5.29 5.28 0.23 5.53 5.24 0.19 EURO-DOLLAR DEPOSIT INTERBANK STERLING (LONDON), COVERED DIFFERENTIAL SEPT. SEPT. SEPT. 1 1 1 5.53 3.44 2.09 U . S . COMMERCIAL PAPER CANADIAN FINANCE CO. PAPER, COVERED DIFFERENTIAL SEPT. SEPT. SEPT. 1 1 1 5.30 5.70 -0.40 EURO-DOLLAR DEPOSIT INTERBANK DM (FRANKFURT), COVERED DIFFERENTIAL SEPT. SEPT. SEPT. 1 1 1 5.53 5.65 -0.12 EURO-DOLLAR DEPOSIT SWISS DEPOSIT ( S F ) , COVERED DIFFERENTIAL SEPT. SEPT. SEPT. 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 5.53 8.84 -3.31 SERIES NAME CHART 9 . AUG. AUG. JULY AUG. AUG. AUG. JULY JULY 27 20 13 20 20 30 30 7.71 8.09 8.76 5.08 9.28 10.31 8.94 13.84 CORPORATE AAA BONDS EURO-DM BONDS EURO-DOLLAR BONDS CHART 1 0 . Y? LONG TERM GOVERNMENT BOND YIELDS UNITED STATES GERMANY JAPAN (MONTHLY) SWITZERLAND CANADA FRANCE NETHERLANDS UNITED KINGDOM U.S. LAST VALUE PLOTTED DATE VALUE y JULY JULY JULY 8.56 7.49 8.07 INDUSTRIAL STOCK INDEXES UNITED STATES JAPAN CANADA FRANCE UNITED KINGDOM SWITZERLAND GERMANY AUG. AUG. AUG. AUG. JULY AUG. AUG. 27 13 20 20 30 20 20 106.11 236.02 102.42 98.72 88.52 71.61 94.12 & FEDERAL RESERVE H.10 statistical SEPTEMBER FOREIGN EXCHANGE RATES FOR THE WEEK ENDING SEPTEMBER 3, release 7, 197 6 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 S R I LANKA SWEDEN SWITZERLAND UNITED KINGDOM (RATE U . S . CENTS) SEP. 1 MONETARY UNIT AUG. 30 AUG. 3 1 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 124.4500 5.590 00 2.57650 101.7900 16.4900 25.7200 20.3800 39.6100 11.1000 177.5000 0.11860 0.34630 39.7800 8.0000 37.9200 99.4800 18.1600 3.2100 114.7500 1.4695 11.5300 22.7300 40.3600 177.5000 124.3700 5.59000 2.57300 101.8800 16.5000 25.7100 20.2600 39.5600 11.1000 177.7500 0.11880 0.34560 39.7800 8.0000 37.8700 99.6900 18.1600 3.2100 114.7500 1.4708 11.5300 22.6800 40.3500 177.7500 124.3700 5.59000 2.58000 102.4000 16.5200 25.7000 20.2900 39.6400 11.1000 177.5000 0.11890 0.34610 39.7900 5.8800 37.9500 99.7600 18.1700 3.2100 114.7500 1.4695 11.5300 22.7600 40.4600 177.5000 SEP. 2 124.4800 5.59000 2.57550 102.1300 16.5300 25.6900 20.2900 39.6400 11.1000 177.3000 0.11890 0.34640 39.8500 4.8500 37.9500 99.6300 18.1700 3.2100 114.7500 1.4706 11.5300 22.7300 40.3200 17T.3000 SEP. 3 124.7000 5.59000 2.57400 102.0000 16.5200 25.6800 20.2800 39.6300 11.1000 177.2500 0.11880 0.34750 39.8100 4.8500 37.9300 100.0000 18.1700 3.2100 114.7500 1.4695 11.5300 22.7000 40.2700 177.2500
@FedFRASER