h13_19730328 & 0404

38
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

Transcript of h13_19730328 & 0404

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SELECTED INTEREST & EXCHANGE RATES FOR MAJOR COUNTRIES & THE US. •EBKLY semes OF CHARTS

MFTNEFBWM.S

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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

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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.

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SPOT EXCHANGE RATES - MAJOR CURRENCIES AGAMIST US. DOLLAR

NETHERLANDS

JAPAN Par

US

NOV DEC SEPT OCT AUG JULY JUNE MAY

1971

* Financial franc

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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

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{ 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

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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

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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

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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

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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

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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*

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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

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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

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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

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\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

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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

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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

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/>\ 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

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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

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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

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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)

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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

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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

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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.

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/ 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

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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

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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

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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

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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.

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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 .

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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

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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

Page 37: h13_19730328 & 0404

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

Page 38: h13_19730328 & 0404

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