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SELECTED INTEREST & EXCHANGE RATES FOR MAJOR COUNTRIES & THE US. •EBKLY semes OF CHARTS
MFTNEFBWM.S
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TAtL£ OF CONTENTS
PARTI. EXCHANGE RATES AMD GOLD PRICES
ChaNlAaWB w r w A m y B a t e s , # * * C m w r l f f a # W U j OaNar Chart 2A a * 8 - 3 4 # * r # * W Tur ing Rate, Ifafrr Ciaaaarlff #ahW
0i.Mtar Chart 3Aa*dB - ) 4 M h r#m##Wfwrhaajr Rales, I N # C i w c l t i a#ahW
t M L t a * C b t 4 -GaWPdceWLWoa
PART II. SNORT TEW INTEREST RATES
O w l 5 - Call Nawy Rales Chart &AaWB - 1 n < i i BafrSOapasNRales Chart 7 A W B - M w Y a l ' M K Vlalis w U-S. OaNar F i e * O W B A W B -LmNm: CewWYleWsaaMXOiitorFm* Q m t N ^ B ^ i K t t r n r I W W T W i : Mitm Chart M A W B W N a j r US. Ummy mi V£s5**athmi Chart 11 - Mfliest AAMnfr I INtrtftNir aaa#a Chart 12A mi B Sflmla*Short I — i w r t Rales
PART III. LONG-TEMI INTEREST RATES AND STOCK INDICES
O w l 13 - Leap-Tee Beag VieHs C M 14 WWWS&mc&Wke*
PART IV. SELECTED CENTRAL BANK DISCOUNT RATES AND LATEST ACBRES PLOTTED OR TNECNARTS
NOTE: Thtf saies k a f N f i N l l i # # * CAPITAL NARKETS DEWELQPNENTS ABROAD, *kkkwM9\M\ikii \miv+*eOfmm+Drrw*vn, M M . Thedtt«asiBftetNUftaB4a4*rf*edM*a*ee*faiaarfia*eSi«plaMat WAeeertes, afcidi m r I l l lrn> WaW lianny 1,1%4 All series aa< fcrfr imwrrr me faNy I f rrrthad la a Suppla—t iatai Jaaeaiy 1,1^72
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
SPOT EXCHANGE FATES - MAJOR CURRENCIES AGAINST US. DOLLAR Weekly averages
GERMAN MARK
IX. POUND
FRANC
DUTCH GUILDER
FRENCH FRANC
T T JAPANESE YEN
f f tEftCM f * A * C
(DUTCH GUILDER
M J S D W J S D
1972 1973
* Pound f loated June 23. IV72 * * Swiss Franc f loated January 23. 1973 See separate chart * * * Japanese Yen f loated February 13 1973
* * * * Basec or new Centra; Rate
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M C*»« 10
SWT g l C M K C I tATE - ftlAJOt CUMEWCES AMWST US. OOiUMt
- J_ J I s 0 it J S 0 «
W 1
W
i 1 i i L i - U * % e
JLjJ l x L i i - L t l J x j J J aJ i i i - U - , • J S O W J S O p s « j
MM wn wn wn Urn #wW f # M * il.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
SPOT EXCHANGE RATES - MAJOR CURRENCIES AGAMIST US. DOLLAR
NETHERLANDS
JAPAN Par
US
NOV DEC SEPT OCT AUG JULY JUNE MAY
1971
* Financial franc
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
V ; ctwt ip I
SFOT RffMHi iQF M I E S MAJOft CUMFUCIES A6JUWT U i . OOUJUI
ujc.
ITALY
OfcC OCT SEPT AUG JULY MAY
1971 *Fof clarity the vertical scale is double that used m 1C
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Ch*rt ;a
3 MONTH FORWARD EXCHANGE - MAJOR CURRENCES AGAINST US. OOU-AR F*i cant pet annum
CANADIAN DOLLAR
UJC. POUND
DfSCOUWT -
DUTCH
Discount -
D s D m s * J D S J s 1970 1*71 1972 1973
* Canadian Dollar flat* ; ot supported by Ban* o< Canada
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
{ 3-MONTH F0RWA8D EXCHANGE - M A X * COMEMCES ACAWST U-S. DOUAft Weekly averages Per cent per annum
PREMIUM
; FRENCH FRAMC
DISCOUNT -
PREMIUM
SWISS FRAMC
DISCOUNT -
s D D S M S D M J S D
1970 1971 1972 1973
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
2
Chart 3A
3-MONTM FORWARD EXCHANGE - MAJOR CURSEWCES AGAINST UJL POUND Friday figures Fef cent per annum
DISCOUNT -
M S D D S D J S J s D
1970 1971 1972 1973
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
3-MONTH FORWARD EXCHANGE - MAJOR CURRENCIES AGAINST UM. POUND Friday figures Pe* tent per dnrium
SWISS FRANC
VfKMCHFMMC
DISCOUNT -
S D S D M S D M S D 1970 1971 1972 1973
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
II Chart 4
89 56
GOLD PRICE IN LONDON. 12-5 Kg BARS Week's average of afternoon finings U.SJ dollar equivalent per fine ounce
SO
50
40
s 0 D M J S D « S M S D M J J
1*70 1*71 1*72 1*73
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
CALL *OMEY RATES DOLLAR fUWDS
«vfTtigf:
CALL EURO-DOLLAR DEPOSITS OUBWMGHT € I * M K I L U W
FEDERAL FUNDS
EURO-DOLLAR OVER FEDERAL FUNDS
fre* uerr ptr <mnufr
14
10
EURO-CURRENCIES x s v f 5c r
EURO-SWISS FRANC
1970 1971 c y J
1972 1973
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
C4W1 56
CALL M B S E L E C T E D F O R E I G N A * D E E C C U R R E N C I E S
1 (gulfs fW cewt pe< «onw«r 12
f f a o t e Day V- ca , V-
Canada Day to ca, . !. Cd' Money, weekly avefage. Japafi. Unconditional Money. r<age Germany Call Money U.rt 2 Cay Local Authority Oeposa*
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
LONDON: EURO DOLLAR DEPOSIT RATES Friday figures
p«r cent per annum 12
OVERNIGHT
CALL
|
V L
| l -
v l i L f | 1-eMETH ^
J -
- I \ r ^ -
i i ! i -i 1 i i 1 - i ! : I , , i . , 1 , , 1 1 1 1 I 1 1 1 1 1 1 1 1 1 1 1 i > 1 I 1
W J S D W J S D W J S D W J S D
1970 1971 1972 1973 * May 12/71-changed to Overnight Euro-Dollar Deposits * * July 1-changed to 7-Day Euro-Dollar
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Chart 66
UWOOW: EUftO-DOLLAIt DEPOSIT RATES Friday figures Per cwH per
-
]
\ J \ i —
L / V V r \ a w m t ^
1
! 1
I 1 1 1 I 1 1 1 1 1 1 1 1 1 i 1 1 t 1 1 1 ! ! J i I 1 1 1 11 j J 1 1 1 1 1 1 1
- j
1
j \ -
i M M M M f
- ~
! ! i 1 1 1 1 1 1 1 1 i i 1 ) i 1 i i ! i i J J 1 1 .1 J i . 1 - i —L _L . . J ,1 J _L J—L_J J 1 J J .
1970 1971 1972 1973
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
NEW YORK-LONDON: YIELDS ON US. DOLLAR FUNDS 3-MONTH DOLLAR DEPOSIT RATES-SECONDARY MARKET Wednesday f igures Per cent per annum
12
10
U S CERTIFICATE OF DEPOSIT
DIFFERENTIAL FAVOR EURO DOLLAR
EURO DOLLAR OVER U.S CERTIFICATE OF DEPOSIT
. 2
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
\1 NEW YORK-LONDON: COST OF U-S- DOLLAR FUNDS 3-MONTH DOLLAR DEPOSIT RATES-PR WARY MARKET Wednesday figures Pe< cent per annum
12
EURD-OOLUUI DEPOSIT ADJUSTED
US. CERTFCATE OF DEPOSIT ADJUSTED
EURO-DOLLAR OVER U.S. CERTIFICATE OF DEPOSIT
ADJUSTED
* Aciusted 1o? Reserve Requirement * * Adjusted tor 10% Marginal Reserve Requirement * * * Adjusted tor 20% Marginal Reserve Requirement
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
LONDON: COVERED YIELDS ON US. DOLLAR" FUNDS HIRE PURCHASE/STERLING CD's vs EURO DOLLAR RATES Friday figures Per cent per annum
12
f X y J kA EURO DOLLAR DEPOSIT
A v , A ; | i j
I a ; V J ^ li
-
-
COVERED ^ I flHUK CD s COVERED !
: j
1 i 1 i i !
! U DlffERENTIAL
^ A i A /LA
«W0* STGRUMG CD s i i
I
X
:
i i • : : i i i ! i i i i i i i i fiWOH tUKXOLUW
1 1 1 1 1 1 1 1 1 I I W J s D
1970
J S D « J S D
1971 1S72 1 * 7 3
*Hire Purchase suspended August 11, 1972 and Stertmg Certificates of begin August 11, 1972
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Chart SB
U W X M COVERED YIELDS ON U6 DOtUUI HMDS LOCAL AUTHORITY AMD EURO-DOLLAR RATES Friday figures Per cent per annum
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
INTEREST ARBITRAGE: UNITED STATES AND UNITED KINGDOM Friday figures Per cent per annum . — — - i - i : 1 1 1 2
5-WIUN i n IKt-MdURT DILL KM 11.5
U * . LOCAL AUTHORITY DEPOSITS UNCOVERED
0 M S D S D S J M J S D J 1969 1970 1*71 1972
* Plotted for comparison purposes
1
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
/>\ Chert 96
WTEREST MBfTXAfiE: UMTE0 STATES AMD UMfTEO KJNG0ON Friday figures Per cent per annum
PREMIUM/ RATE DIFFERENTIAL AMD 3-MONTH FORWARD STERLING I
4 FAVOR LONDON
FAVOR NEW YORK
S D S V M S V s M M M J D J J J
M M 1970 1*71 1*72
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
3-MONTH FUNDS INTEREST ARBITRAGE: EURO-DOLLAR - GERMAN MARK FRANKFURT INTERBANK LOAN RATE VS LONDON EURO DOLLAR RATE Wednesday rates Per cent per annum
IN TERMS Of DM
^ LOAN RATE
EURO-DOLLAR COVERED
FAVOR FRANKFURT DIFFERENTIAL
FAVOR EtWOWXLAR
D S D « S s D J M J S D M
1969 1970 1971 1972
— No quotation
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Chart 10B
34KNVTH FUNDS INTEREST ARBITRAGE: EURO-OOllAR - SWISS FRANC ZURICH DEPOSIT RATE VS. LONDON EURO DOLLAR RATE Wednesday rates Per cent per annum
IN TERMS Of SWISS FRANCS
EURO-DOLLAR COVERED
DEPOSIT RATE
2 DIFFERENTIAL
FAVOR EURO-OOLLAR
S M S D 0 J S D M J S D M J M J
1969 1970 1971 1972 — — —No quotation
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Chart 11
3-MONTH INTEREST ARBITRAGE: UNITED STATES - CANADA Friday figures Per cent per annum
- BILL RATES
.CAN. FW. CO. PAPER
UNITED STATES
FORWARD CANADIAN DOLLAR PREMIUM BILL RATE DIFFERENTIAL RATE
IN FAVOR OF DISCOUNT
COVERED RATE DIFFERENTIALS
• FMANCE PAPER
, f i w o e u s . ~
1S71 i t72 1970
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Chart 12A
SELECTED SHORT-TERM INTEREST RATES" Per cent per annum
GERMANY
v
T
JAP!
1968 1970 1972 * 3-month treasury bill rates for all countries except Japan (Average rate on bank loans and discounts)
and Germany(1fTterbdnk Loan Rate)
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ft Chart 128
SELECTED SHORT-TERM INTEREST RATES* Per cent per annum
i i I i i I i i I i ' i i i I i i 1 i i I i i I ii I : i I i i I i i 1 i i I i I I I I I 1 I I I I I I I I I I I I , 0 ims 1970 un
0 3 month treasury bill rate for U S . Switzerland - 3-month deposit rate * * month rate for U S dollar deposits m London
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
LONG-TERM BOND YIELDS Weekly figures
NETHERLANDS
SWITZERLAND
GERMANY,
A " CANADA
Monthly ii
U.S. CORPORATE
DOLLAR EURO-BONDS
Aaa BONDS
EURO-BONDS
1970 1971 1972 See DESCRIPTION AND SOURCES OF DATA. January 1. 1973. pp 12 15
1973 1974
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
V 4 CHART 14
INDUSTRIAL STOCK INDEXES 1958=100 Ratio scale
| UNITED STATES -
1 • . i ! I 1 l ! 1 l ! 1 1 i 1 1 i i i i V v i i 1 i i i i i I i i ! i I 1 i i i i 1 i i 1 i i 1 i i
200
GERMANY
160 1969 1970 1971 1972
* Japan index of 225 industrial and other stocks traded on Tokyo exchange * * Japan mde* of all industrial and other stocks traded on the first section of the Tokyo Stock Exchange.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
/ March 28, 1973 and
A p r U 4^ 1573 H. 13 IV. SELECTED CENTRAL BANK DISCOUNT RATES Nog. €03 and 604
Country Current Rate In Effect Since Previous Rate In Effect Since
E.E.C.:
Belgium
E.E.C.:
Belgium 5 . 0 Dec. 21, 1972 4 . 5 HOT. 22. 1972
France 7 .50 Hov. 30, 1972 6 .50 • o r . 2 , 1972
Geneany 5 .00 Jan. 12, 1973 4 . 5 HOT. 30 , 1972
Italy 4 . 0 A p r i l 10, 1972 4 . 5 Oc t . 14, 1972
Netherlands 4 . 0 November 3 . ' 7 2 3 . 0 Sept . 8 . 1972
i i m 8.75 Jan. 19. 1973 9 . 0 Dec. 22. 1972
4 .50 Jan. 1. 1973 3.75 S a p t - I S 1 9 7 ?
Canada 4.75 O c t . 25. 1971 5.25 Feb. 24. 1971
Japan 5 . 0 A p r i l 2 . 1973 4.95 9 6 , 1Q7?
United States 5 .00 Jan. 15. 1973 4 ,?0 1 3 . m i
* * E f £ e c t l v e October 13, 1972, t he Bank o f England rep laced I t s t r a d i t i o n a l Bank Rate w i t h a f l u c t u a t i n g l e n d i n g r a t e " based on average Treasury b i l l t ender r a t e . January 19, 1 9 7 3 . . . 8 . 7 5
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
IV-2
IP March 2 8 , 1973
So. 603
LATEST FIGURES PLOTTED ON THE CHARTS
Chart Panel Series Date Rate
1A Upper Swiss franc March 16 + 1 6 . 6 2 U.K. pound « 2 4 6 . 4 7
Lower French franc " + 2 . 0 2 Japanese yen « .38994C
IB Upper Belgian franc ii + 3 . 2 4 Italian lire " . 17582(
Lower Canadian dollar 100 .35 German mark " + 3 . 1 5 Dutch guilder " + 2 . 0 3
2A German mark March 23 + 9 . 5 1 Swiss franc " + 4 . 3 5 U.K. pound - 3 . 4 1
2B Upper Dutch guilder " + 6 . 3 1 Canadian dollar + 2 . 5 2 French franc " + 2 . 7 9
Lower Japanese yen " MA
3A German mark M
U.S. dollar March 23 38 Swiss franc March 23 + 5 . 1 5
French franc " + 4 . 5 0
4 Gold price, U.S. dollar per ounce M 8 4 . 5 0
5A Upper Overnight Euro-S deposits March 21 7 . 4 3 Federal Funds " 6 . 9 6
Middle Differential 4 0 . 4 7 Lower Euro-currencies
Euro DM March 23 MA Euro Swiss Fr. 3 . 5 0
56 Upper Japan, Unconditional Money " 5 . 5 0 U.K., 2-day Local Author. Deps. 1 0 . 8 1 Canada, Day-to-day Loans March U 4 . 2 0
Lower France, Day-to-Day Money March 23 7 . 6 2 5 Germany, Call Money I t . * # Netherlands Call Money 0 . 5 3
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
March 28, 197: Ho. 603
IV 3
Chart Panel Series Date Rate
6A Euro-S Overnight Rate March 2 , 9 March 16,23
15 .00 r 9 . 6 2 r 8 . 1 2 r 9 .88
Euro-S 1-month Rate March 2 , 9 March 16.23
10.5Or lO.OOr 8 . 6 2 r 8 .94
. 6B Euro-S 3-month Rate March 2 , 9 March 16 r ?
9 . 1 2 r 8 . 8 8 r 8 .62r 8.S6
Euro-S 6-month Rate March 2 , 9 March 16, T
8 . 6 9 r 8 . 5 6 r 8 .25r 8 .50
7A Upper Euro-S 3-month Deposits March 21 8 .25 U.S. Certificate of Deposits
7 22 Lower Differential " +1.03
. 7B Upper Euro-S 3-month Deposits 8 .25
Euro-S 3-month Deposits (Adj.) H 10 .31
U.S. Certificate of Deposits (Adj.) II 7 . 1 1 Lower Differential: on Adj. Euro-S Deposits " +3.20
on Unadj. Euro-S Deposits - 1 . 1 4
8A Upper Euro-S 3-month Deposits March 9 8 .88
S t e r l i n g CD's (covered) „ 8.13 Lower Differential
- n 7 s
8B Upper Euro-S 3-month Deposits " 8.88
Local Authority Deposits (covered) H 7.75
Lower Differential II - 1 . 1 3
9A U.S. Treasury Bil l rate Marcti 23 6 . 2 1
U.K. Treasury Bil l rate H 7 .87
Local Authority Deposit (uncovered) H 10.88
9B Upper Spread (+= favor London) II +1 .66
3-month Forward Pound H - 3 . 3 2
Lower Net Incentive (+- favor London) II - 1 . 6 6
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
March 28, 1973 No. 603
I V - 4
Chart Panel Series Date Rate
10A Upper Euro-* Deposits (covered) March 14 March 21
MA - 2 - 1 3
Gentian Interbank Loan rate March 21 6 .75
Lower Differential .. 10.88
10B Upper Euro-* Deposits (covered) „ 3.95
Swiss Deposit rate L I M p
Lower Differential i i +0.05
11 Upper Canadian Finance Paper March 23 5.25
U.S. Treasury Bi l l rate 6 ?1
Canadian Treasury Bil l rale A 1 1
U.S. Prime Finance paper (not plotted)
6 . 5 0
Second Bil l rate differential March 23 - 1 . 9 0
Forward Canadian dollar .. + 2 . 3 1
Third Net incentive on bills „ + 0 . 4 1
Bottom Net incentive on Finance Paper II - 3 . 5 6
12A Upper U.K. Treasury Bil l rate March 23 7 .87
U.S. Treasury Bil l rate •i 6 . 2 1
Gem an Interbank Loan rate " 8.75
Lower Japanese Average rate January 6 .710
Canadian Treasury Bill rate A l l
U.S. Treasury Bil l rate 6 . 2 1
126 Euro-S Deposits March 2 , 9 March 16.23
9 . l 2 r 8 . 8 8 r 8 . 6 2 r 8 .56
Swiss 3-month Deposit rate March 23 4 .000
U.S. Treasury Bi l l rate H 6 . 2 1
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
March 28, 197L So. 603
IV- 5
Chart Panel Series Date Rate
13 Upper Netherlands March 16 6 . 6 1
Canada •• 7 . 3 4
United States Dec. 27 5 .47
Switzerland re t ) . i o , z i
March 2 , 9 , 1 6 5 . 3 2 5 .00
HA 5 .33 5 .32
Middle * Germany March 9 , 16 8 .55 8 .56
United Kingdom March 16 10.16
Lower U.S. Corp. Dollar E i i r o - b o n ^ ^ ^ £ January 7 .66
U.S. Corp. DM Euro-bonds S e r i f c 8 G „ 7 .12
U.S. Corp. Aaa bonds „ 7.15
14 Upper Switzerland March 16 424 .4
Germany March 23 332,2
United States March 23 251.52
Middle United Kingdom March 16 March 23
250 .87 r 255.80
Canada March 15 292.66
Lower ** Japan Mareh 17 09*
United States March 23 251.52
* New - Average yield of ALL German Public Authorities bonds made as of banking key days.
Beginning week ended September 5, 1970, the Japanese index plotted is that of all industrial and other stocks on the First Section of the Tokyo Stock Exchange.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
v\ A p r i l 4 , 1973
IV 2 Mo. 604
LATEST FIGURES PLOTTED ON THE CHARTS
j Chart Panel Series Date Rate
j 1A Upper Swiss frame^ March 30 30.9380 U.K. pound " 247.7400
Lower French franc* " 22.1000 Japanese yen * " .376460
IB Upper *
Belgian franc H 2.5089 Italian lire * " .177320
Lower Canadian dollar* " 100.2540 German mark* " 35.3380 Dutch gui lde* 34.2660
2A German mark March 30 44 .53 Swiss franc 4 4 . 4 0 U.K. pound - 2 . 9 1
2B Upper Dutch guilder [email protected]
Canadian dollar " 4-2.26 French franc 4-1.67
Lower Japanese yen " MA
3A German mark ii 4-10.97 U.S. dollar 4-2.43
3B Swiss franc " 4 4 . 9 0 French franc " +3.77
4 Gold price, U.S. dollar per ounce " 89.55
5A Upper Overnight Euro-S deposits Mar t i i 28 7 .29 Federal Funds " 7 . 1 1
Middle ; Differential « + 0 . 1 8 Lower Euro-currencies
Euro DM March 30 MA Euro Swiss Fr. " 3 . 6 8
56 Upper Japan, Unconditional Money March 23 5 . 5 0
U.K., 2-day Local Author. Deps. 1 0 . 8 1 Canada, Day-to-day Loans March 21 4 . 2 5
Lower France, Day-to-Day Money March 30 7 .750 Germany, Call Money " 18.50 Netherlands. Call Money March 23 0 . 5 3
*Ueekly average of daily certified noon rates by the Federal Reserve Bank of Msv York, These r a t e s a r e n o t p l o t t e d .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
April 4, 1973 Ho. 604
I V - 3
Chart Panel Series Date Rate
6A Euro-S Overnight Rate March 30 8 .000
Euro-S 1-month Rate «« 8.375
66 Euro-S 3-month Rate f 6?*
Euro-S 6-month Rate " 8.688
7A Upper Euro-S 3-month Deposits March 28 8 .88
U.S. Certificate of Deposits 7 .22 Lower Differential „ +1 .66
78 Upper Euro-S 3-month Deposits R-8R
Euro-S 3-month Deposits (Adj.) 17 no
U.S. Certificate of Deposits (Adj.) 7 . 2 4 Lower Differential: on Adj. Euro-S Deposits „ +3 .85
on Unadj. Euro-S Deposits „ - 1 * 6
8A Upper Euro-S 3-month Deposits Mam* 16
n n ' e 7 i e Lower Differential .. - 1 . 0 9
86 Upper Euro-S 3-month Deposits „ 8 .28
Local Authority Deposits (covered) „ 7.38
Lower Differential - 0 * 0
' 9A U.S. Treasury Bi l l rate Mm-** 10 6 . 2 2
! U.K. Treasury Bi l l rale 7.83
Local Authority Deposit (uncovered) 10.88
96 Upper Spread (+= favor London) M-rW, -to + 1 . 6 1
3-month Forward Pound - 2 . 7 7
Lower Net Incentive (+= favor London) „ - 1 . 1 6
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
April 4, 1*73 n o , a *
IV-4
Chart Panel Series Dale Rate
1GA Upper Eihx>-$ Deposits (coveted) March 28 40,06 German Interbank Loan rale March 21
March 28 8,75 MA
Lower Differential March 21 10,88 108 Upper £imo-S Deposits (covered)
Swiss Deposit fate 6-00. Lower Differential „ 4AM
11 Upper Canadian f#aanceP#er March 30 5,13 U.S. Tfweyiy Bill a l e 6,22 Canadian Teeaswry #11 W e •« 4,39 U.S. Prime Finance paper
(not plotted) " 6,63
Second Bill rate dMamwtial - -1.83 Forward Canadian dollar 42,32
Thkd Met incentive on bills 40,49 Bottoe Met incentive on Finance Paper - 4 , 0 2
12A Upper U.K. Treasury Bill rate 7,83 U.S. Tfeaany Bill W e 6,22 Geman Interbank Loan W e
March 23 March 30
8,75 MA
Lower Japanese Average W e Jnmiarv 6-710 Canadian Treasury Bill W e AH U.S. Treasury Bill W e
6̂ 2 126 Eim>-$ Deposits « 8,625
Swiss >monih Deposit W e •« 4 , 0 0 p
U.S. Treasury Bill W e m 6.7?
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
April 4, 1973 So. 604
I V - 5
Chart Panel Series Dale Rate
13 Upper Netherlands March 23 6 , 6 5
Canada March 21 7 , 3 4
* United Stales 6.706
Switzerland M j m v 4 I 1 A 4 ^7
Middle Germany A <6
I M e d Kingdom
Lower U-S. Coip. Dollar E i « H | e a d s S e r j e s c January 7 ,66
U i . C s p . D M E y n M s e r i e s C 7 , 1 2
U-S- Carp. Aaa tends February 7 , 2 2
14 Upper Switzerland March 16 4 2 4 , 4
G — m y March 23 332 ,2
United Slates March 30 253,88
Middle United Kingdom March 23 255 .80 Canada
March 22 283,33
Lower " Japan March 24 923 .49 United Stales
Hkrch 30 253 .88
*Bnited States: average yield on selected bond* due or callable la 10 year# or more. See attached table for 1973 figures.
**Begimilng week ended September 5, 1970, the Japanese index plotted Is of all industrial and other stocks on the First Section of the Tokyo Stock jr
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
12Z2
January 5
12
1 *
26
Fffcniary 2
t
16
23
March 2
9
16
23
30
H - X ?
CHART 13
Tnr.-iTiBM ikwp rm*s
U.S. 10 Year
6.416
6,430
6 , 4 5 6
6,502
6.57#
6,4*2
6.620
6.645
6.650
6.674
6 .718
6 .758
6 .706
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis