«S Selected Interest & Exchange Rates

5 W (5/517) rfdf DATA FIL «S Selected Interest & Exchange Rates Weekly Series of Charts August, 195 Prepared by the FINANCIAL MARKETS SECTION DIVISION OF INTERNATIONAL FINANCE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Washington, D C. 0551

Table of Contents TABLES 1. LATEST FIGURES PLOTTED. DAILY CERTIFIED SPOT EXCHANGE RATES H. RELEASE CHARTS 1. SPOT EXCHANGE RATE INDICES. 3MONTH FORWARD EXCHANGE RATES 3. GOLD PRICE LONDON SUBSCRIPTION RATES: Weekly $15.00 per year or $.0 each in the United States, its possessions, Canada, and Mexico; or more of the same issue to one address, $13.50 per year or $.35 each. Elsewhere, $0.00 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.. CALL MONEY RATES 5. 3MONTH INTEREST RATES. EURO DOLLAR DEPOSIT RATES 7. SELECTED EURODOLLAR AND U.S. MONEY MARKET RATES a INTEREST ARBITRAGE: 3MONTH FUNDS 9. LONGTERM GOVERNMENT BOND YIELDS. INDUSTRIAL STOCK INDICES

CHART 1 SPOT EXCHANGE INDICES DOLLAR PRICES OF FOREIGN CURRENCIES AND WEIGHTED AVERAGE VALUES (THIN LINE) AVERAGES FOR WEEK ENDING WEDNESDAY RATIO SCALE MARCH 1973=0 RATIO SCALE MARCH 1973=0 FOREIGN CURRENCY PRICE OF U.S. DOLLAR JAPANESE YEN 0 i iiliiliiiii CANADIAN DOLLAR SWISS FRANC 00 0 0 0 GERMAN MARK DUTCH GUILDER 11 h 1111111 0 0 0 0 I I I y 0 U.K. POUND FRENCH FRANC 0 0 BELGIAN FRANC ITALIAN LIRA 0 70 \ I. M f 0 A / 50 ii In In In U I t i l l I In

CHART 3MONTH FORWARD EXCHANGE RATES PREMIUM (+) OR () AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM CANADIAN DOLLAR ITALIAN LIRA I I I I I I I I I I I A U. K. POUND DUTCH GUILDER \ r ~~ i i i I I I iiliilnliil 0 GERMAN MARK \ SWISS FRANC y Vr 0 FRENCH FRANC JAPANESE YEN

CHART 3 PRICE OF GOLD IN LONDON AVERAGES FOR WEEK ENDING WEDNESDAY U.S. DC 00 PER FINE OUNCE U.S. DOLLARS PER FINE 50 50 0.5 Kg BARS AFTERNOON FIXING PRICE 0 00 30 30 0 0 I I I I I I I I I I I I I I 19 193 19 195

CHART CALL MONEY RATES WEEKLY SERIES PERCENT PER ANNUM PERCENT PER ANNUM 0 /1W\ A U. S. FEDERAL FUNDS FRANCE JAPAN 0 SWITZERLAND L CANADA i i i I I I I I I I I I I I 0 GERMANY NETHERLANDS, M 1 1 1 I I I I I i I, I I I 11111111111

CHART 5 3MONTH INTEREST RATES WEEKLY SERIES 1 1J U.S. CD'S CANADIAN FINANCE CO. PAPER WEIGHTED AVERAGE FOREIGN RATE U.K. INTERBANK STERLING GERMAN INTERBANK RATE 17 11 15 FRENCH INTERBANK RATE NETHERLANDS INTERBANK RATE 9 13 7 11 5 9 3 7 JAPANESE GENSAKI RATE SWISS INTERBANK RATE 5

CHART EURODOLLAR DEPOSIT RATES AVERAGES FOR WEEK ENDING WEDNESDAY LONDON PERCENT PER 0 OVERNIGHT 0 0 1MONTH 1YEAR

CHART 7 SELECTED EURODOLLAR AND U. S. MONEY MARKET RATES DIFFERENTIAL: PLUS(+), FAVORS BORROWING IN U. S. AVERAGES FOR WEEK ENDING WEDNESDAY PERCENT PER ANNUM PERCENT PER ANNUM 0 0 1 1 FEDERAL FUNDS DASHED LINE 3MONTH EURODOLLAR DEPOSITS Vv v OVERNIGHT EURODOLLAR DEPOSITS 90DAY CD* S J 111 ii 1111111 n 11 1111111 j 111111111111111111111111 3 DIFFERENTIAL DIFFERENTIAL U V A j v WVv^ x/ 11111111111 11111111111 I I I I I I I I I I I I I I I I I I I I I I 1 PERCENT ON DIFFERENTIAL SCALE = PERCENT ON RATE SCALE Digitized for FRASER

CHART INTEREST ARBITRAGE: 3MONTH FUNDS DIFFERENTIAL: PLUS(+), INDICATES FAVOR DOLLAR ASSETS AVERAGES FOR WEEK ENDING WEDNESDAY :NT PER ANNUM PERCENT PER Ah 1 EUROTDOLLAR DEPOSITS DASHED LINE CANADIAN FINANCE CO. PAPER, COVERED INTERBANK STERLING COVERED LONDON U. S. COMMERCIAL PAPER 11 11 In hili i DIFFERENTIAL DIFFERENTIAL + 0 + 0 "f /V Wvf /V I I I 1 1 INTERBANK DM COVERED FRANKFURT SWISS INTERBANK (SF) COVERED EURODOLLAR DEPOSITS DASHED LINE EURODOLLAR DEPOSITS DASHED LINE + 0 DIFFERENTIAL vvuyy^y^ DIFFERENTIAL + 0 [ I I I I I II III Mill I 3 ERCENT ON DIFFERENTIAL SCALE = PERCENT ON RATE SCALE

CHART 9 LONGTERM GOVERNMENT BOND YIELDS WEEKLY SERIES PER 19 PER ANNUM PERCENT PER 15 UNITED STATES CANADA 11 7 15 UNITED KINGDOM SWITZERLAND 11 7 13 MONTHLY JAPAN GERMANY 9 5 U.S. CORPORATE MONTHLY 1 FRANCE Aaa BONDS NETHERLANDS MONTHLY 193 195

CHART INDUSTRIAL STOCK INDICES WEEKLY SERIES RATIO SCALE RATIO SCALE 199=0 199=0 0 0 0 UNITED STATES 10 UNITED KINGDOM 0 10 0 0 0 0 0 0 0 0 10 NETHERLANDS FRANCE 10 0 0 0 0 0 0 0 0 10 10 GERMANY 0 SWITZERLAND 0 0 0 0 0 30 30 0 CANADA 0 0 0 JAPAN 00 00 0 0 0 0

LAST VALUE PLOTTED SERIES NAME DATE VALUE CHART 1. SPOT EXCHANGE BATES AND INDICES WEEKLY AVERAGES, NOON BUYING RATES (U.S. CENTS) GERMAN MARK JAPANESE YEN DUTCH GUILDER U.K. POUND CANADIAN DOLLAR FRENCH FRANC SWISS FRANC BELGIAN FRANC ITALIAN LIRA SWEDISH KRONA 3. 15 0.5 3. 139.53 73.1 11.3.11 1.717 0. 05390. INDICES, MARCH 1973 BASE RATES = 0 GERMAN MARK 1.9 JAPANESE YEN 1.5 DUTCH GUILDER 9. 15 U.K. POUND 5. 3 CANADIAN DOLLAR 73. 5 FRENCH FRANC 53.33 SWISS FRANC 1.9 BELGIAN FRANC 70. ITALIAN LIRA 30. GHTED AVERAGE EXCHANGE VALUE INDICES, MAE 1973 = 0 (G COUNTRIES PLUS SWITZERLAND) U.S. DOLLAR 13.53 GERMAN MARK 13.7 JAPANESE YEN 7. 0 DUTCH GUILDER 119.0 U.K. POUND 9.70 CANADIAN DOLLAR 93.5 FRENCH FRANC 5.0 SWISS FRANC 1. 7 BELGIAN FRANC 9. 0 ITALIAN LIRA 3.1 SWEDISH KRONA 7.1!. 3MONTH FORWARD EXCHANGE RATES, PREMIUM OR DISCOUNT CANADIAN DOLLAR 0.99 U.K. POUND 3. GERMAN MARK 3.55 FRENCH FRANC 3. 5 SWISS FRANC 3. DUTCH GUILDER.3 JAPANESE YEN 1.5 ITALIAN LIRA 5.33

SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART 3. GOLD PRICE IN LONDON, AFTERNOON FIXING U.S. DOLLARS PER FINE OUNCE 335. CHART. CALL MONEY RATES U.S. FEDERAL FUNDS OVERNIGHT EURODOLLAR DEPOSITS U. K. CANADA GERMANY JAPAN FRANCE NETHERLANDS SWITZERLAND. 0. 07 11.0..3. 13 9.70 5.7.00 CHART 5. 3MONTH INTEREST RATES U.S. 90DAY CD'S, SECONDARY MARKET GERMAN INTERBANK LOAN JAPANESE GENSAKI RATE CANADIAN FINANCE PAPER INTERBANK STEELING SWISS INTERBANK LOAN FRENCH INTERBANK RATE NETHERLANDS INTERBANK RATE WEIGHTED AVERAGE FOREIGN INTEREST RATE (G COUNTRIES PLUS SWITZERLAND) 7. 3.9.30 9. 11.33. 3 9.77 5. 7 7. CHART. EURODOLLAR DEPOSIT RATES: LONDON OVERNIGHT 7 DAY 1MONTH 3MONTH MONTH 1YEAR. 07 7. 7.9 7. 99. 1. 5 CHART 7. SELECTED EURODOLLAR AND U.S. MONEY MARKET RATES OVERNIGHT EURODOLLAR DEPOSITS U.S. FEDERAL FUNDS DIFFERENTIAL 3MONTH EURODOLLAR DEPOSIT BATE U.S. 90DAY CD'S, SECONDARY MARKET DIFFERENTIAL. 07. 0 0. 0 7. 99 7. 3 0.

SERIES NAME LAST VALUE PLOTTED DATE VALUE CHART. INTEREST ARBITRAGE, 3MONTH PONDS EURODOLLAR DEPOSIT 7.99 INTERBANK STERLING (LONDON), COVERED.9 DIFFERENTIAL 0.09 U.S. COMMERCIAL PAPER 7.71 CANADIAN FINANCE PAPER, COVERED.15 DIFFERENTIAL 0. EURODOLLAR DEPOSIT 7.99 INTERBANK DM (FRANKFURT), COVERED. DIFFERENTIAL 0.9 EURODOLLAR DEPOSIT AOG. 7.99 SWISS INTERBANK, COVERED. DIFFERENTIAL 0.13 CHART 9. LONG TERM GOVERMEMT BOND YIELDS UNITED STATES.37 GERMANY. JAPAN (MONTHLY) JAN.. 9 SWITZERLAND 9. CANADA 9.9 FRANCE 9 11.1 NETHERLANDS (MONTHLY) JUNE 7.39 UNITED KINGDOM 9. U.S. CORPORATE AAA BONDS JUL I.97 CHART. STOCK INDICES UNITED STATES UNITED KINGDOM CANADA GERMANY SWITZERLAND NETHERLANDS FRANCE JAPAN AOG. 19. 5. 3 75. 5 07. 0 153. 9. 0 7. 35 AOG. 5.

FEDERAL RESERVE statistical release H.TI) (5) FOREIGN EXCHANGE RATES AUGUST 3, 195 FOB THE SEEK ENDING AUGUST 3, 195 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 rates In New York City for cable transfers payable in foreign currencies: MONETARY (CURRENCY UNITS PER DOLLAR) COUNTBY UNIT 19 0 3 AUSTRALIA DOLLAB 70. 0 70. 90 70. 5 70. 0 70. 0 AUSTRIA SCHILLING 19. 0 19. 35 19. 515 19. 0 19. 335 BELGIUH FBANC 5. 000 5. 350 5. 070 55. 50 55. 7 BRAZIL CBUZEIBO 750. 00 770. 00 790. 00 0. 00 0. 00 CANADA DOILAB 1. 350 1. 355 1. 3550 1. 357 1. 357 CHINA,P. B. YUAN. 901. 901. 9. 9. 9 DENHABK KRONE. 0150. 0750. 035 9. 9735. 0000 FISLAID (IABKKA 5. 950 5. 9300 5. 950 5. 5 5. 900 FBANCB FBANC. 30. 50. 500. 35. 0 GEBHANY D. HARK. 70. 775. 770. 75. 7530 GREECE DBACHHA 131. 000 131. 000 131. 950 131. 000 131. 000 HONG KONG DOILAB 7. 000 7. 030 7. 05 7. 0 7. 00 INDIA BUPEE 11. 300 11. 00 11. 900 11. 300 11. 900 IBELAND POUND 1. 35 111. 5 1. 5 113. 0 113. 00 ISRAEL SHEKEL NA NA NA NA NA ITALY LIB A 15. 00 10. 00 155. 00 1. 00 150. 00 JAPAN YEN 3. 5 37. 0 37. 00 35. 5 3. 50 HALAYSIA BINGGIT. 00. 95. 50.. 15 MEXICO PESO 33. 0000 30. 0000 31. 0000 3. 0000 339. 5000 NETHEBLANDS GUILDEB 3. 1135 3. 1300 3. 1150 3. 055 3. 00 NEW ZEALAND DOLLAB 5. 00 53. 00 53. 900 53. 900 53. 900 NOBSAI KBONE. 1775. 3000. 00. 150. 30 PHILIPPINES PESO NA NA NA NA NA POBTOGAL ESCUDO. 000 7. 00. 750 5. 500. ZOO SINGAPORE DOLLAB.00. 5. 335. 50. 35 SOUTH APBICA BAND 1. 30 1. 0 0. 00 0. 00 0. 30 SOOTH KOBBA WON 5.0 5. 0 5. 70 5. 90 5. 70 SPAIN PESETA.950 3.,00 3. 950 1. 00. 750 SBI LANKA BUPEE 7, 393 7.393 7. 39 7. 33 7., 33 S1BDBN KBONA.500.5., 5. 0. 300 S1ITZBBLAND FBANC,,15..790,,0. 0. 530 TAINAN DOLLAB 0. 570 0,,550 0.50 NA HA THAILAND BAHT.70, 70.50. 70. 70 UNITED KINGDOM I POUND 139, 190 13,,90 139.,3 0.75 0. VENEZUELA BOLIYAB Ni 1 NA NA NA NA HE HO: UNITED STATES DOLLAB 13,,37 13,,99 13.57 135.5 135. 99 INDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G11 COUNTRIES. MARCH 1973 = 0. WEIGHTS ARE 1977 GLOBAL TRADE OF EACH OP THE COUNTRIES. SERIES REVISED AS OF AUGUST 197. FOR DESCRIPTION AND BACK DATA, SEE "INDEX OF THE WEIGHTEDAVERAGE EXCHANGE VALUE OF THE U.S. DOLLARS REVISION" ON PAGE 700 OF THE AUGUST 197 FEDERAL RESERVE BULLETIN. VALUE IS U.S. CENTS