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“ Arf>'«U«l,t*1

F E D E R A L
•re,;***** *.
: ^ i «is'v

C
R E S E R V E
SELECTED IN I EREST RATES AND BOND PRICES
(Yield in per cent, per annum)
Calendar week ending dune I I , 197/

Instruments
rcifer..l lunds ( o f lecti ve V 7 i t < I ) . .
Comiiiern.il paper (prime, 9i) to 119 days).
Cummorcial paper (prime, •! to 6 m o s . ) .................
Finance paper placed d i r e c t l y (3 to 6 mos.)
Bankers' acceptances (prime, 90 days) .................
Prime loan ( l ar ge business prime r a te - m a j o r i t y )
Discount rate (Federal Reserve Bank of New York)
Yields on U.S. (Government s e c u r i t i e s : 2/
Auction Average (Issue date):
.......................................................
3-month b i l l
6-monHi b i l l
.......................................................
1-ye ir hi 11
.......................................................
Market, i i e i d s :
3-month b i l l
.......................................................
6-month b i l l
.......................................................
1- year b i l l
.......................................................
Treasury coupon mat uri ti es:
3/
1- year ...............................
2- year ...............................
3- year ...............................
5-year ..................................
7-year ..................................
10-year ..................................
20-year ..................................
30- year .....................
Coupon issues due in:
9 to 12 months ......................................
3 to b y e a r s ...........................................
10 years or more ( l o n g - t e r m ) . . . .
Price of long-term Treasury bonds 5/6/ . .
Average yi el ds on corporate bonds (Moody's)
A a a ........................................................................
B a a ........................................................................
State nnd_1oca 1 government [Moody' s ) . . . .

V

June
6
!) 32
5 50
.55
5 38
5 43
6 75
5 .25

June
7
5. 23
r; 40
5. 10
5 38.
5. 43
6 75
5 25

June
8
5. 30
5. 50
5. 50
5 38
5. 43
6 75
5 25

June
9
6 n
5 50
6 50
5 38
5 40
6 75
5 .25

lor Immediate Release
dune 13, 197/
June
10
5 34
5 50
5.60
5.38
5 40
6 75
5.25

5.048
5.234

17s f “
Week
Week
“ 5.31 17 'T.16'17
5.48
5 48
5.51
5 53
5. 33
5.38
5.42
5. 42
TfiTs

5.048
5.234

4.993
5.192

5. 459
5. 768

5 04
24
5 44

5 05
5 24
5 43

5 06
5 24
5 43

5.08
5.25
5.45

5.06
5.21
5.41

5.06
5.24
5.43

5 03
5. 23
5 42

5.44
5.75
6.11

5.84
6.18
6 .48
6.87
7 15
7.37
7.67
7.72

5
6
6
6
7
7
7
7

84
17
46
85
14
36
68
67

5 83
6 15
6 45
6 84
7 13
7 36
7 70
7 67

5.84
6.16
6.49
6.85
7.14
7.35
7.69
7.67

5.82
6.15
6.42
6.78
7.07
7.30
7.67
7 66

5.83
6.16
6.46
6.84
7.13
7.35
7.68
7.68

5
6
6
6
7
7
7
7

86
20
49
87
17
38
68
74

6.52
7.06
7.33
7
/ .63
7.78
7.88
8.04
n.a .

5 ,81
6.69
7
/ .08
56 .71
8 .43
7.98
8.96

80
6 69
7 07
56 78
8.42
7 99
8.95

5.78
6.68
7.06
56.85
8 .41
7.98
8 .94
5.20

5.79
6.63
7.03
57 .0 7
8.41
7. 98
8.94

5.80
6.63
7.07
56.81
8.42
7.98
3.95
5.20

5 83
6 71
7 10
56 58
8 46
8 00
8.98
5.26

6.55
7.42
6.9?
57 .91
9 .17
8.63
9.91
5.85

5.82
6.70
7.09
56.63
8 .44
7.99
8 .9 7

5

7-day average for statement week ended on preceding Wednesday.
2J B ills cpioted on bank discount basis.
Yields on actively traded issues adjusted to constant m aturities." Source: U.S. Treasury Department.
Unweighted average of all issues outstanding.
5/ Bonds neither due nor callable in less than 10 years.
Derived from "long-term" yield above on the basis of as assumed 20-year bond with a 3 per cent coupon.




Tear
Ago*
5“744 IT
5.88
6.00
5.88
5.82
7. 25(on 6/12)
5. 30(on 6/1?)