Reserve Bank of Australia Annual Report – 1965 Australian Interest Rates and Security Yields
| At end of | Deposit Rates | Bank Overdraft Rates(c) | Government Security Yields(d) | Company Debenture Issue Rates | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Trading Banks | Savings Banks(b) | Treasury Notes(e) | Shorts(f) | Longs(g) | Hire Purcha Affiliated with Banks | Selected Other (mainly finance) 5 years |
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| 3 months | 6 months | 12 months | 24 months(a) | 3 months | 12 months | |||||||
| 1949/50 | ½ | ¾ | 1 | 1½ | 2 | 4½ | 2.08 | 3.18 | ||||
| 1950/51 | ½ | ¾ | 1 | 1½ | 2 | 4½ | 2.18 | 3.54 | ||||
| 1951/52 | ½ | ¾ | 1 | 1½ | 2 | 4½ | 2.34 | 4.65 | ||||
| 1952/53 | 1 | 1¼ | 1½ | 1¾ | 2¼ | 5 | 3.29 | 4.51 | ||||
| 1953/54 | 1 | 1¼ | 1½ | 1¾ | 2¼ | 5 | 3.55 | 4.47 | ||||
| 1954/55 | 1¼ | 1½ | 1¾ | 2 | 2½ | 5 | 3.87 | 4.56 | 3¼ | 4 | 6/7 | |
| 1955/56 | 2¼ | 2½ | 2¾ | 3 | 2¾ | 6 | 5.26 | 5.37 | 3¼ | 4¼ | 6/7 | |
| 1956/57 | 2¼ | 2½ | 2¾ | 3½ | 2¾ | 6 | 4.75 | 5.07 | 3½ | 5 | 7/8 | |
| 1957/58 | 2¼ | 2½ | 2¾ | 3½ | 2¾ | 6 | 4.38 | 4.98 | 3½ | 5 | 7/8 | |
| 1958/59 | 2¼ | 2½ | 2¾ | 3½ | 3 | 6 | 4.13 | 4.92 | 3½ | 5 | 7/8 | |
| 1959/60 | 2¼ | 2½ | 2¾ | 3½ | 3 | 6 | 3.13(i) | 4.32 | 5.01 | 3½ | 5 | 7/8 |
| 3 months but less than 12 months | ||||||||||||
| 1960/61 | 4 | 4½ | — | 3¼ | 7 | 4.25(i) | 5.36 | 5.38 | 3¾/5½ | 5¾/6¼ | 8/8½ | |
| 1961/62 | 3¾ | 4 | — | 3½ | 7 | 3.75(i) | 4.43 | 4.95 | 4 | 4¾/6 | 7/8½ | |
| 12 months to 15 months | ||||||||||||
| 1962/63 | 3¼ | 3½ | 3 | 6½ | 3.23 | 3.88 | 4.57 | 4 | 4¾/5 | 6¾/8¼ | ||
| 1963/64 | ||||||||||||
| Sept. | 3¼ | 3½ | 3 | 6½ | 3.23 | 3.81 | 4.52 | 3¾/4 | 4½/4¾ | |||
| Dec. | 3¼ | 3½ | 3 | 6½ | 3.23 | 3.77 | 4.51 | 3½/3¾ | 4¼/4¾ | |||
| Mar. | 3¼ | 3½ | 3 | 6½ | 3.23 | 3.76 | 4.52 | 3¼ | 4¼/4½ | |||
| June | 3¼(h) | 4 | 3¼ | 7 | 3.75 | 4.36 | 4.75 | 3¼/3¾ | 4¼/4½ | 5⅞/7½ | ||
| 12 months to 18 months | over 18 months to 24 months | |||||||||||
| 1964/65 | ||||||||||||
| Sept. | 3¾(h) | 4 | 4¼ | 3¼ | 7 | 3.85 | 4.48 | 5.01 | 3¾ | 4½/5 | ||
| Dec. | 3¾(h) | 4 | 4¼ | 3¼ | 7 | 3.85 | 4.48 | 5.01 | 4¼/4½ | 5 | ||
| Mar. | 4¼(h) | 4½ | 4½ | 3¼ | 7¼ | 3.95 | 4.98 | 5.25 | 4¼/4½ | 5 | ||
| June | 4¼(h) | 4½ | 4½ | 3½ | 7¼ | 4.25 | 4.95 | 5.25 | 4½/4¾ | 5¼/5¾ | 64/8 | |
|
(a) Until July, 1952, the rate on amounts in excess of £10,000 was 1% and from
July, 1952 to January, 1955, 1½%. (b) Rates paid by majority of savings banks. The remaining savings banks, whose deposits comprise about 10% of the total, have paid at times up to ½% higher than the rates shown. (c) Prescribed maximum rates. From April, 1956 to April, 1962, each bank was also required to observe a maximum average rate over all advances (5½% from April, 1956, and 6% from November, 1960). (d) A three months' Treasury bill is also issued, at a discount rate of 1% (unchanged since August, 1952); these are not held by the public. (e) Three months' securities, issued at a discount equivalent approximately to the yield shown. Before 1962/63 yields shown are for similar securities known as seasonal securities issued during certain months of 1959/62. (f) Theoretical yield on 2-year maturity (excluding effect of brokerage). (g) Before 1959/60, weighted average of yields on maturities 10 years or more; since then, theoretical yield on 20-year maturity. All figures exclude the effect of brokerage. (h) Maximum rate also for periods of from 30 days to three months on amounts of £50,000 and over. (i) Yield for issue of seasonal securities closest to end of year. |
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