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F E D E R A L

R E S E R V E

(Yields In per cent per annum)
Calendai
ek end in g April 8 , 1978

H .15

Inst rumenIa
Federal funds (effective rate). . .
.
Commercial paper (prime, 90 to 119 days). . .
Commercial paper (prime, A to 6 mos.) ........
Finance paper placed directly (1 to 6 moa.)
Bankers' acceptances (prime, 90 dnvs)
Prime loan (large business prime rate-majority)
Discount rate (Federal Reserve Bank of New York)
Yields on U.S. Government securities:
3/
Auction Average (Issue date):
3-month bill
...........................
6-month bill
...........................
1-year bill
...........................
Market Yields:
3-month bill
...........................
6-raonth bill
...........................
1-year bill
...........................
Treasury constant maturities:
A/
1- year
...............
2- year
3- year
5-year
7-year
10-year
20-year
30-year

Apr.
3
6.95
6.75
6 .80
6.75
6.85

Apr.
A
6.72
6.77
6.81
6.75
6.83

Apr.
5
6.51
6.79
6 .8 A
6.75
6.85

8 .0 0

8 .00

8.00

6.50

6.50

6.50 “

Yields on actively traded

For Immediate Release
April 10, 1978
Apr.

Apr.
7
6.7A
6.80

This
Week

6.75
6.85

6.78
6.8 3
6 .75
6.85

T.nst
Week
6.82 2 /
6.7 5
6.80
6.75
6.80

8.00

8 .00

8.00

8 .00

6.50

6.50

6.50

6.50

6.A17
6.717

6.666

6
6.75
6.78
6.83
6.75
6.85

6. 86

6.A17
6.717

6 .86 T 7

6.310

Year
Ago 1
A .60~
A. 75
A. 88
A . 88
A. 79
6.25
5.25

A. 585
A. 8A 6

6.877
6.31
6.69
6.91
7.A0
7.69
7.H2
7.96
8.0A
8 .1 A
8 . 30
8.32

6.39

6 .7 L
6.91
7.39
7.69
7.81
7.95
8.03

8.12

8.29
8 .11

Average yields on corporate bonds (Mop-lv'-u
H.RA
H.RA
A a a ...................
8 .51
8.53
B a a .......................
State and Local government Aaa (M<mdy’a) ........
------- —
- - .
!/ As of week ending Ap II 9 , 19~7.
"ij
7-day average for statement week ended on preceding Wednesday
V Bills quoted on bank dl* omit basis.




r «i

r e l e a s e

IKIECTFD INTEREST RATES ANT) BOND PRICES

V(

A/

statistical

Issues ad lusted to constant maturities

6 .A2
6.77
6.98

6 .Al
6.77
6.97

6.3A
6.73
6.9A

6.37
6.73
6.9A

7.A7
7.72
7.82
7.97
8.05
8.1A
8.30
8.3?

7.A6
7.73
7.83
7.98
8.06
8.16
8.32
8.33

7.A3
7.72
7.82
7.97
8.0A
8 .1 A
8.32
8.3A

7.A3
7.71
7.82
7.97
8.0A
8,1 A
8.31
8.32

8 .RA
R. 52
9.27

8.85
H. 5A
9.28
5.A 0

8.86
8 .5A

8.85
8.53
9.27
5.A0

Source:

9.28

6 3A
6.66
6.89
7.39
7.6 5
7.79
7.9A

8.02
8.12
8.27
8.30
8.81

A .58
A .8 A
5.1 A
5. A3
6.03
6 .A 5
6.9A
7.27
7 A5
7 72
7.7R

8 .A8

8 52
8 10

9.25
5.10

9 11
5 17

U.S. Treasury Department.