The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
RESEARCH D E P A R T M E N T FdQERAL RESERVE BANK OF R I C H M O N D MAY S 130-2667 5 1 9 4 ^ 3" 1948 FEDERAL RESERVE BANK U. S . GOVERNMENT SECURITY YIELDS AND PCTrrTrg CORPORATE B0i\D YIELDS (Yields i n per cent per annum) 1 Period 1948 - April 1 2 3 12 13 lit 15 16 17 - , U. S. Government s e c u r i t y y i e l d s 19 - 12 1 3 - 5 Bonds 1 3- 1 15 years i mont} 1 month 1 year 1 7 - 9 and over • b i l l s c e r t i f - I t a x a b l e ! year i c a t e s t i s s u e s jtaxable i t a x a b l e Closed 5 6 7 8 9 10 C1osed . 19 20 21 22 23 24 a n;? Closed Closed 26 27 28 29 30 P r i c e of ' Yield on highlonggrade term corporate Treasury bonds bonds 1.59 1.59 2.02 2.02 2.44 2.44 1.1& 1.59 1.10" 1.59 1.10 1.50 1.10 1.57 1.10 ' 1 . 5 7 2.02 2.02 2.01 2. CO 1.99 2.44 2.44 2.44 2.44 2.44 100.78 100.79' 100.82 . 100.64 100.88 , 2.78 2.78 2.78 2.78 2.78 2.78 1.10 1.10 1.10 1.10 1.10 1.99 1.98 1.98 1.97 1.97 2.44 2.44 2.44 100.88 100.87 100.87 100.68 100.69 2.77 2.77 2.77 2.78 2.77 2.77 i/i.io 1.10 1.58 1.58 1.57 • 1.57 1.57 ; 1.10 1.10 1.10 1.10 1 UIO 1.58: 1.58 1.58 1.58 1.58 1.10 : 1.58 1.10 ' 1.58 1.10 . 1.58 1.10 1.58 1.10 1.58 1.96 1.96 1.99 1.98 1.98 1.98 1.98 1.98 1.98 1.97 1 2.Ill; 2.44 2.44 2.hU 2.1,1: 2.44 2.10+ 2.Ill; 2.a 2.44 2.44 2 % . 100.60 100.61 2.78 2.78 2.76 100.85 2.77 1001.62 2.77 100.82 2.77 100.63 2.78 100.86 , 2.76 2.76 100.86 100. 84 100.84 100,84 100.84 2.77 2.76 2.76 * 2.76 2.76 100.86 100.62 100.88 100.84 2.79 2.78 2.77 2.77 100.84 2.77 V.'eekly average: 3 10 17 24° Monthly average .997 .998 .997 .997 1.09 1,10 1.10 1.10 .997 1.10 I ,2.01 2.01 1.98 1.98 1.58 1.99 ' 12.UU i . , i V I s s u r e s included changed on A p r . 1. GOVERNMENT.-FINANCE SECTION, B0/-.RD OF GOVLMXRS 2.44 1.591.56 1.57 1.58 2.44 2.44 2.44