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Supplement to
BANKING &
MONETARY
STATISTICS
SECTION 12
Money Rates
and Securities Markets
BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM
Preface
In 1943 the Board of Governors published
Banking and Monetary Statistics to make available in one place and on a uniform basis major
series relating to banking, monetary, and other
financial developments. The statistics usually
covered the period from 1914, when the Federal Reserve System was established, through
December 1941.
To^bring together for the period since 1941
the most important series in that volume, to
revise the data previously published, and to
present new series, the Board is publishing a
series of pamphlets. Most of these pamphlets
correspond to sections in Banking and Monetary Statistics, but some may cover new subjects. Most of the data included in these
pamphlets have already been published in the
Federal Reserve Bulletin, and current figures
for most of the series are published in it each
month. In some instances, however, the type
of presentation may vary considerably from
that in the Bulletin.
This is one of the new pamphlets. As in
Banking and Monetary Statistics, there is a
brief description of the purpose and history of
the data, the sources of the figures and the
methods by which they were compiled, and
other facts to guide the reader in using the
figures. Much of the information that is customarily included in footnotes to tables has been
incorporated in the text. Footnotes have been
used for the most part to call the reader's attention to any lack of comparability of items over
the period covered.
Board of Governors
of the Federal Reserve System
Washington, D. C.
January 1966
Price per copy, 65 cents.
REFERENCE
Contents
Page
1
INTRODUCTION
RATES REGULATED BY THE BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM
2
FEDERAL RESERVE BANK RATES
2
Discount rates on eligible paper
Rates on Section 10(b) advances
Rates on advances to others than member banks
Rates on industrial loans and commitments
Buying rates on Treasury bills
Buying rates on bankers' acceptances
Rates on purchases of U.S. Government securities under repurchase agreement
MAXIMUM RATES ESTABLISHED BY THE BOARD OF GOVERNORS
Maximum rates on time deposits
Maximum rates under Regulation V on guaranteed loans
2
3
3
3
3
4
5
5
6
6
MONEY RATES AND RELATED STATISTICS
6
SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY
7
EFFECTIVE RATES ON FEDERAL FUNDS
8
YIELDS ON SHORT-TERM U.S. GOVERNMENT SECURITIES
8
BANK RATES ON SHORT-TERM BUSINESS LOANS
9
Prime rate
Average rates on business loans
9
10
COMMERCIAL AND FINANCE COMPANY PAPER AND BANKERS'
ACCEPTANCES OUTSTANDING
11
SECURITIES MARKETS
12
BOND YIELDS AND PRICES
12
STOCK PRICES, YIELDS, AND TRADING VOLUME
15
Common stock prices
Preferred stock prices and yields
Trading volume .
15
17
17
iii
STOCK MARKET CREDIT
17
MARGIN REQUIREMENTS
18
STATISTICAL MEASURES OF CREDIT
18
Customer credit
Broker and dealer credit
19
19
DEFINITIONS AND COVERAGE
20
SECURITIES ISSUES
21
TOTAL NEW SECURITIES ISSUES BY TYPE OF ISSUER
22
CORPORATE ISSUES
22
NEW STATE AND LOCAL GOVERNMENT ISSUES
23
NET CHANGE IN CORPORATE SECURITIES OUTSTANDING
24
Type of issue or issuer
Method of derivation
24
24
INSTITUTIONAL INVESTORS
25
MUTUAL SAVINGS BANKS
25
Types of investment permitted
Types of assets and liabilities shown
25
25
SAVINGS AND LOAN ASSOCIATIONS
26
Types of associations
Types of assets and liabilities shown
26
26
LIFE INSURANCE COMPANIES
27
Types of companies
Types of investments shown
27
27
PENSION FUNDS
28
Public pension funds
Corporate pension funds
28
28
KEY TO SYMBOLS USED IN TABLES
29
IV
TABLES:
1. Federal
A.
B.
2. Federal
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
Reserve Bank Discount Rates on Loans to Member Banks
Advances and Discounts under Sections 13 and 13a, 1941-63
Advances under Section 10(b), 1941-63
Reserve Bank Discount Rates on Advances to Others Than Member Banks
Secured by Direct Securities of the United States
A. Individuals, Partnerships, or Corporations other than Member Banks,
1933-63
B. Special Rates to Nonmember Banks, 1939-46
Federal Reserve Bank Rates on Industrial Loans and Commitments, 1941-59 . . .
Maximum Rates Established by the Board of Governors
A. Maximum Interest Rates Payable on Time and Savings Deposits, 1933-64
B. Loans Guaranteed Under Regulation V, 1942-63
Short-Term Open Market Rates in New York City
A. Annually and Monthly, 1941-63
B. Weekly, 1941-63
Effective Rate on Federal Funds
A. Annually and Monthly, 1954-63
B. Weekly, 1954-63
Yields on Short-term U.S. Government Taxable Securities
A. Annually and Monthly, 1941-63
B. Weekly, 1941-63
Bank Rates on Short-Term Business Loans
A. Prime Rate, 1929-63
B. Average Rates on Business Loans, 1939-63
Commercial Paper and Bankers' Acceptances Outstanding, 1941-52
Commercial and Finance Company Paper and Bankers' Acceptances Outstanding,
1948-63
Bond Yields, by Type of Security
A. Annually and Monthly, 1941-63
B. Weekly, 1941-63
Bond Prices, by Type of Security, 1941-63
13. Basic Yields of Corporate Bonds, by Term to Maturity, 1941-63
14. Stock Price Indexes: Standard and Poor's Corporation
A. Annually and Monthly, 1900-63
B. Weekly, 1934-63
31
32
33
33
34
36
36
37
39
48
48
50
53
61
61
64
66
68
74
98
99
100
106
15. Common Stock Price Indexes: Securities and Exchange Commission
A. Annually 1939-63; Monthly, 1939-May 1964
B. Weekly, 1939-May 1964
116
119
16. Stock Yields, 1926-63
131
17. Trading in Stocks on the New York Stock Exchange: Round-Lot Volume
A. Annually and Monthly, 1941-63
B. Weekly, 1934-63
134
135
18. Trading in Stocks on the New York Stock Exchange: Total Volume and Value,
1941-63
140
19. Margin Requirements, 1934-63
141
20. Stock Market Credit, 1938-63
142
21. Detailed Debit and Credit Balances and Related Items of Member Firms of the
New York Stock Exchange Carrying Margin Accounts, 1942-63
22. Money Borrowed by Member Firms of the New York Stock Exchange, 1941-63. .
23. New Security Issues
A. By All Issuers, 1934-63
B. Proposed Uses of Net Proceeds by Major Groups of Corporate Issuers:
Old Grouping, 1934-47
C. Proposed Uses of Net Proceeds by Major Groups of Corporate Issuers:
New Grouping, 1948-63
24. New Issues of State and Local Government Securities, 1946-63
25. Net Change in Outstanding Corporate Securities
A. By All Issuers, 1934-63
B. By Type of Issuer, 1948-63
147
151
154
160
163
166
170
172
26. Mutual Savings Banks: Assets and Liabilities, 1945-63
174
27. Savings and Loan Associations: Assets and Liabilities, 1945-63
177
28. Life Insurance Companies: Assets and Liabilities, 1945-63
179
29. Assets of All Public and Private Pension Funds, 1950-63
182
30. Assets of Noninsured Corporate Pension Funds, 1951-63
182
VI
i2.
Money Rates and Securities Markets
CURRENT SAVING and other funds available
for investment are mobilized and invested
through the nation's security markets. These
markets bring together large numbers of borrowers and lenders to bid for or to offer funds,
and from this interplay of demand and supply
interest rates are established.
Some saving comes into these markets directly, but the major part comes indirectly
through loans and investments of banks and
nonbank financial institutions such as savings
and loan associations, insurance companies,
and pension funds. Whether these institutions
invest in short- or long-term securities depends
in large measure on their sources of funds, the
regulatory controls under which they operate,
and the nature of their contingent liabilities.
Some types of institutions concentrate their investments in mortgages and long-term bonds;
others tend to hold a larger proportion of their
funds in shorter-term issues. And certain institutions and many individuals place some funds
in common and preferred stocks.
In carrying out its responsibility for regulating the flow of bank credit and money, the
Board of Governors of the Federal Reserve
System requires information on the flow of
funds through credit and securities markets
and on the costs of such funds. This section
includes information relating to certain instruments of credit policy—discount rates, maximum interest rates on time deposits, and margin requirements—and also statistics relating
to money markets, securities markets, and the
investments of selected types of financial intermediaries. All of these statistics have a bearing,
directly or indirectly, on the Federal Reserve
System's credit policy. Statistics relating to the
quantitative instruments of credit policy—
member bank reserve requirements and open
market operations—appear in "Member Bank
Reserves and Related Items," Section 10 of
Supplement to Banking and Monetary Statistics.
The descriptive material and the statistics
in this section are divided into six main parts:
Rates regulated or established by the Board
of Governors of the Federal Reserve System
(Tables 1-4): Federal Reserve Bank rates,
maximum rates on time deposits, and rates
established under Regulation V.
Money rates and related statistics (Tables
5-10): Short-term open market money rates,
rates on bank loans to business, and amount
of open market paper outstanding.
Securities markets (Tables 11-18): Prices
and yields on bonds and stocks, and volume
of trading.
Stock market credit (Tables 19-22): Margin
requirements and major types of securities
credit.
Securities issues (Tables 23-25): New issues,
and changes in corporate issues outstanding.
Institutional investors other than commercial
banks (Tables 26-30): Selected balance sheet
data.
Unless otherwise noted, the tables contain
data for the period 1941-63. Current statistics
for most of these series are published regularly
in the Federal Reserve Bulletin.
RATES REGULATED BY THE BOARD OF GOVERNORS
Two types of rates under this heading are
described: first, those which the Federal Reserve Banks charge member banks and others
on borrowed funds, generally referred to as
discount rates; and second, the maximum rates
that the Board of Governors has established
on time deposits in member banks and on loans
that are guaranteed by agencies of the U.S.
Government.
FEDERAL RESERVE BANK RATES
The discount rate determines the cost to member banks of the reserve funds they obtain by
borrowing from Federal Reserve Banks. Every
14 days, each Reserve Bank must establish its
own discount rates, subject to review and
determination by the Board of Governors in
Washington.
The national and international financial communities think of Federal Reserve Bank discount
rates as pivotal rates in the credit market. The
key role assigned to them derives largely from
the fact that they are established by the administrative action of a public body having special
information and competence to judge whether
expansion of bank credit and money is consistent with the economy's cash needs for transactions and liquidity.1
The founders of the Federal Reserve System
contemplated that Reserve Bank discount rates
would be set in accordance with regional financial conditions. And they expected that variations in regional financial conditions would lead
to variations in discount rates among the Reserve Banks. In recent decades, however, rates
have tended to be uniform. Basically, this
tendency toward uniformity reflects improvements in the facilities and speed of communication and transport as well as further geograph1
For further information on discount rates and their relation to market rates of interest, see Board of Governors of
the Federal Reserve System, The Federal Reserve System—
Purposes and Functions (Washington, D. C , 1963) pp. 45-50.
ical integration of industrial, commercial, and
financial enterprises.
The principal types of discount rates established by the Reserve Banks are shown in
Tables 1 and 2. They are (1) rates to member
banks on discounts of eligible paper and on
advances secured by such paper or by U.S.
Government securities, (2) rates to member
banks on other advances secured to the satisfaction of the Reserve Bank, and (3) rates on
advances to others than member banks secured
by direct securities of the United States. Table
3 shows rates on industrial loans and commitments from January 1941 through August 21,
1959, when Federal Reserve authority to make
such loans was repealed.
The Board's Regulation A contains detailed
information on the various types of discounts
and advances that the Federal Reserve Banks
may make. The following discussion relates
principally to the discount rates charged. Both
advances and discounts are processed on a discount basis—that is, the borrower pays the
interest on the date when he borrows.
Discount rates on eligible paper. The Federal Reserve Banks are authorized under Sections 13 and 13a of the Federal Reserve Act
to discount for their member banks short-term
commercial and agricultural paper and to make
advances on member banks' promissory notes
secured by such eligible paper or by U.S. Government securities. The rate charged on discounts of eligible paper is usually referred to
as the "discount rate." This rate, which is
shown in Table 1-A, has been the lowest of
the rates charged by the Federal Reserve Banks
except when a preferential rate has been in
effect for advances secured by Government
securities.
In the early years of the System the Reserve Banks established a variety of discount
rates, differing with the class of paper and the
maturity. However, since 1921 a single rate
has prevailed at each' Federal Reserve Bank
for all discounts and advances to member
banks, with two exceptions. In September
1939 some of the Federal Reserve Banks
established a preferential rate on paper secured
by Government securities. These rates were
in effect at the beginning of the period covered
by this section, but the differences between
these rates and those on other discounts and
advances were eliminated in February, March,
and April 1942, when rates for other discounts
and advances were lowered. In the autumn of
1942 all twelve of the Federal Reserve Banks
established a preferential rate on advances
secured by Government securities maturing
or callable in 1 year or less, which was in effect
until the spring of 1946. At that time the
preferential rate was discontinued.
Although member banks could borrow at a
preferential rate during the war on advances
secured by short-term Government obligations,
they did not borrow much in this way, in part
because it was cheaper to sell Treasury bills
at the rate established in April 1942.
Rates on Section 10(b) advances. In addition to advances under Section 13 and 13 a, the
Federal Reserve Banks are authorized under
Section 10(b) of the Federal Reserve Act,
enacted on February 27, 1932, to make advances to member banks provided such advances are secured to the satisfaction of the
Federal Reserve Banks. The rate on these
advances, shown in Table 1-B, may not be
less than one-half of 1 per cent higher than
the highest rate in effect on discounts for
member banks under Sections 13 and 13a.
During most of the period covered by Table
1-B, the discount rate on advances under Section 10(b) was one-half of 1 per cent higher
than the rate on eligible paper at each Reserve
Bank.
The volume of borrowing under Section
10(b) is small, but the privilege of borrowing
on paper otherwise ineligible for discount at
the Reserve Banks is important to member
banks at certain times and in certain circumstances.
Rates on advances to others than member
banks. Under the last paragraph of Section 13
of the Federal Reserve Act, enacted on March
9, 1933, the Federal Reserve Banks may make
advances to individuals, partnerships, or corporations on direct securities of the U.S.
Government. Such advances, which are made
mainly to nonmember banks, have never been
an important part of Federal Reserve discount
operations.
During the defense build-up that began in
late 1939 and during World War II, each of
the Reserve Banks had a special rate to nonmember banks under this provision. This
special rate, which was eliminated in March
and April 1946, was at the same level as the
regular discount rate for member banks. Table
2 shows discount rates for 1933-63 on
advances to individuals, partnerships, and
corporations under the last paragraph of
Section 13. Rates for the period 1933-41
were not published in Banking and Monetary Statistics.
Rates on industrial loans and commitments.
Under Section 13b of the Federal Reserve Act,
enacted on June 19, 1934, the Federal Reserve
Banks were authorized to provide credit to
business enterprises for working capital. This
section of the Act was repealed effective
August 21, 1959, by the Small Business Investment Act of 1958. The volume of industrial
loans and commitments was small throughout
the period covered by this section of the
Supplement except during World War II.
Table 3 shows the rates charged on such
loans and commitments. These rates are described on page 424 of Banking and Monetary
Statistics.
Buying rates on Treasury bills. During and
immediately after World War II there was a
special buying rate for Treasury bills. On
April 30, 1942, the Federal Open Market
Committee—which makes decisions on open
market operations for the System—directed
the Federal Reserve Banks to purchase all
offerings of Treasury bills at a discount rate
of 3/s of 1 per cent per annum.2 This rate
applied not only to banks but also to all other
holders of Treasury bills, including dealers in
securities.
On August 7, 1942, the Federal Open Market Committee announced that the seller of
the bills could repurchase before maturity a
like amount of bills of the same maturity at
the same rate of discount. Beginning with May
15, 1943, all purchases of Treasury bills by
the Reserve Banks at the posted buying rate
of Vs of 1 per cent were made subject to the
repurchase option. The buying rate for Treasury bills was discontinued on July 10, 1947.
Buying rates on bankers' acceptances. Bank-
ers' acceptances purchased by the Federal
Reserve Banks have sometimes been an important part of Reserve Bank credit, but during
the 1941-63 period the amounts were significant only after 1954.3 The amounts are shown
in Table 1-A of "Member Bank Reserves and
Related Items," Section 10 of the Supplement,
and in Tables 1 and 4 of "Federal Reserve
Banks," Section 9.
At the beginning of 1941 each Reserve Bank
had a minimum discount rate for purchases of
prime bankers' acceptances payable in dollars.
It was set by the Bank's board of directors
and approved by the Board of Governors.
"Effective buying rates"—that is, the rates
actually charged—were established by the
Bank's officers at or above the approved minimum rate. Buying rates at the various Reserve
Banks generally were adjusted to agree with
the rates at the Federal Reserve Bank of New
York.
On June 19, 1952, the Federal Open Market
Committee assumed responsibility for setting
the minimum rate and authorized the Manager of the System Open Market Account to
specify the effective buying rates. On March
2
For a description of the Federal Open Market Committee, see The Federal Reserve System—Purposes and Functions, pp. 23 and 232-34.
3
For figures on the total amount of bankers' acceptances
outstanding, see Tables 9 and 10 of this section of the
Supplement.
2, 1955, the Reserve Banks discontinued their
policy of standing ready to purchase at published rates all bankers' acceptances offered.
After that they bought and sold under periodic
authorizations of the Open Market Committee
at market rates of discount.
Purchases of bankers' acceptances by the
Federal Reserve Banks are sometimes made
under repurchase agreement, with the seller
obligated to repurchase the acceptances within
15 days. When the Federal Open Market
Committee assumed authority over purchases
of bankers' acceptances, it did not authorize
any purchases under repurchase agreement.
This authority was, in effect, restored on March
2, 1955, with the Committee's authorization of
repurchase agreements with nonbank dealers
in bankers' acceptances at rates prescribed by
its executive committee. Responsibility for establishing these rates was assumed by the full
committee on June 22, 1955, when the executive committee was abolished.
Since August 2, 1955, the authorization to
purchase bankers' acceptances has been limited
to purchases for the account of the Federal
Reserve Bank of New York. The directive of
the Federal Open Market Committee on repurchase agreement rates that was in effect at
the end of 1963 was the same for bankers'
acceptances as it was for U.S. Government
securities:
To buy U.S. Government securities with maturities of 24 months or less at the time of purchase,
and prime bankers' acceptances with maturities of
6 months or less at the time of purchase, from
nonbank dealers for the account of the Federal Reserve Bank of New York under agreements for
repurchase of such securities or acceptances in 15
calendar days or less, at rates not less than (a) the
discount rate of the Federal Reserve Bank of New
York at the time such agreement is entered into,
or (b) the average issuing rate on the most recent
issue of 3-month Treasury bills, whichever is the
lower.
The effective buying rates at the Federal
Reserve Bank of New York on January 1,
1941, for bankers' acceptances of various maturities, the rate for repurchase agreements,
and the changes in these rates through March
2, 1955, are shown in the table below.
BUYING RATES ON BANKERS' ACCEPTANCES
[Per cent per annum]
Effective date
Outright purchases, by
maturity (days)
1 to
90
1941—In effect Jan. 1.
1946—July 12
Aug. 24
1947_Dec. 1
1948—Jan. 12
Aug. 13
1950—Aug. 21
1951—Dec. 18
1952—June 19
1953_j a n . 16
1954—Feb. 5
Apr. 16
1955—Jan. 13
Mar. 2
Mar. 30
91 to
120
VA
VA
121 to
180
l
VA
1 *
Ws
WA
ig
1%
1%
1%
1%
2
2
2%
WA
1%
2%
2VA
2%
18
2
1%
1%
Repurchase
agreements
W&
m
* /2
WA
1%
0)
zz
1%
1
The Federal Open Market Committee terminated authority to
make repurchase agreements.
2
Purchases made at market rates of discount under periodic
authorizations of the Federal Open Market Committee.
3
Repurchase agreements authorized at rates not less than the
lower of (a) the discount rate on eligible paper or (b) the average
issuing rate on the most recent issue of 3-month Treasury bills.
Rates on purchases of U.S. Government
securities under repurchase agreement The
Federal Reserve Banks may acquire U.S. Government securities under repurchase agreement,
with a commitment by the seller to repurchase
the securities within 15 days. The rate of interest is usually equivalent to the discount rate
of the Federal Reserve Bank of New York.
Within the period covered by this section of
the Supplement, 1941-63, the Reserve Banks
had no authority to acquire Government securities under repurchase agreement from March
1, 1945, until February 24, 1948, when the
Federal Open Market Committee authorized
limited transactions with dealers qualified to
transact business with the System Open Market Account. Before March 1, 1945, and from
February 24, 1948, to July 22, 1952, the Reserve Banks established the buying rate subject to the approval of the Board of Governors.
On July 22, 1952, the Federal Open Market
Committee assumed the responsibility for set-
ting the rate on repurchase agreements on
Government securities and directed the Manager of the System Open Market Account to
set the effective buying rate at not less than the
lower of (1) the discount rate on eligible paper,
or (2) the average issuing rate on the most
recent issue of 3-month Treasury bills. On
June 23, 1954, the Open Market Committee
transferred to its executive committee the authority to set the buying rate on Government
securities acquired under repurchase agreement. On June 22, 1955, the executive committee was abolished, and its responsibilities
were assumed by the full committee. The
directive on repurchase agreement rates in
effect on December 31, 1963, was the same
for U.S. Government securities as for bankers'
acceptances (see preceding page).
The buying rates on Government securities
under repurchase agreement effective during
the period 1941-63 are shown in the accompanying table:
BUYING RATES ON U.S. GOVERNMENT SECURITIES
UNDER'REPURCHASE AGREEMENT
Effective date
1941_jan. 1
1945—Mar. 1
1948—Feb. 24
Aug. 13
1949—Aug. 19
1950—Mar. 20
1951 Feb. 8
Oct. 15
1952 July 22
Rate
1 per cent
FOMC terminated authority to repurchase
1 VA per cent
IVi percent
Minimum rate of 1 % per cent
Minimum rate of V% of 1 per cent above
average issuing rate on most recent issue
of Treasury bills
Previous rate except that differential might
be less than % of 1 per cent above
average issuing rate
Minimum rate of not more than Vc of 1 per
f
cent below average issuing rate on most
recent issue of 3-month Treasury bills
Not less than the lower of (1) the discount
rate on eligible paper, or (2) the average
issuing rate on the most recent issue of
3-month Treasury bills.
MAXIMUM RATES ESTABLISHED BY THE
BOARD OF GOVERNORS
In addition to its review and determination
of Federal Reserve Bank discount rates, the
Board of Governors has statutory responsibility for setting maximum rates on member
bank time deposits and on certain types of
Federally guaranteed loans.
Maximum rates on time deposits.
The
Banking Act of 1933 forbade member banks to
pay interest on demand deposits and subjected
the interest paid on time and savings deposits
to limitations prescribed by the Board. Table
4-A shows the maximum rates on time deposits prescribed by the Board under Regulation Q during 1933-64. The rates payable
by member banks may not exceed the maximum rate payable by State banks or trust companies on like deposits under the laws of the
State in which the member bank is located.
Maximum rates for insured nonmember commercial banks are established by the Federal
Deposit Insurance Corporation. Effective February 1, 1936, these rates have been the same
as those for member banks.
On October 15, 1962, Section 19 of the
Federal Reserve Act was amended to exempt,
for 3 years (later extended to October 15,
1968) deposits of foreign governments and certain international institutions from regulation
by the Board of Governors as to rates of
interest that member banks may pay on time
deposits. The legislation included a similar
amendment to Section 18(g) of the Federal
Deposit Insurance Act for such deposits in
nonmember insured banks.
Maximum rates under Regulation V on
guaranteed loans. During World War II the
U.S. Government provided for the guarantee
of loans to finance the production of materials
and services deemed essential by military and
dther Federal procurement agencies. A similar
program has been in effect since 1950 when
war broke out in Korea. The Federal Reserve
Banks have acted as fiscal agents of the guaranteeing agencies under Regulation V of the
Board of Governors, and the Board has specified—after consultation with the guaranteeing
agencies—the maximum rate of interest and
the commitment fee that the financing institution may charge the borrower on guaranteed
loans and the guarantee fee to be paid the
guaranteeing agency.
The World War II program for guaranteed
loans began when Executive Order 9112 was
issued on March 26, 1942. Under this Order
the Board of Governors issued Regulation V,
effective April 6, 1942. The authority of the
guaranteeing agencies was broadened under
Executive Order 9336 of April 24, 1943, and
the Contract Settlement Act of 1944 to cover
loans enabling contractors to obtain release
of working capital promptly upon termination of war production contracts. The last
guaranteed loans under this part of the program were made in May 1946.
The second guaranteed loan program was
authorized under the Defense Production Act
of 1950 and Executive Order 10161 of September 9, 1950. The Board's Regulation V
was revised and reissued effective September
27, 1950. Table 4-B shows the maximum
interest rate and commitment fee on guaranteed
loans and the guarantee fee for 1942-63.
MONEY RATES AND RELATED STATISTICS
Statistics on interest rates indicate the cost
of credit to borrowers and the rate of return
to those who lend and invest. Actions of the
Federal Reserve System are likely to have an
effect on money rates of different types. And
the Federal Reserve System takes these probable effects into consideration in determining
monetary policy.
The money rate series in Tables 5-8 include
short-term open market rates in New York
City, effective rates on Federal funds, yields
on short-term U.S. Government securities, and
rates charged on business loans by banks in
principal cities. Tables 9 and 10 show the
volume of commercial and finance company
paper and of bankers' acceptances outstanding;
BASIS OF FIGURES USED IN AVERAGE YIELDS ON SHORT-TERM SECURITIES
Series
Prime commercial paper...
Finance company paper
Prime bankers' acceptances.
Stock exchange call loans..
New
Renewals
Federal funds
U.S. Government (short-term)
New issues (bills)
Market yields
Weekly figures
Monthly figures
Annual figures
Averages
of
daily
figures
Averages
of
daily
figures
Averages
of
daily
figures
Average yield on all Average yield on all ac- Averages of weekly
accepted bids
cepted bids
figures
Averages of daily clos- Averages of daily closing Averages of weekly
ing bids
bids
figures
these figures are of interest in connection with
the rates on such paper, given in Table 5.4
The accompanying table shows the basis for
calculating average yield series.
SHORT-TERM OPEN MARKET RATES IN
NEW YORK CITY
When a bank does not have enough reserves
and cannot replenish its supply by, for example, withdrawing balances from a correspondent bank, by purchasing Federal funds, or by
raising rates on time certificates of deposit so
as to attract funds, it has the choice of borrowing from the Reserve Bank at the discount rate
or of liquidating some of its assets. The assets
that it is most likely to liquidate are those that
involve the smallest loss of principal or yield
or that have a fully developed market, which
permits sales without a significant concession
in price. Short-term open market paper is that
type of an asset.
The short-term open market rates shown
in this section are those quoted in New York
City, which is the chief money market center
in this country. Money from all parts of the
country is loaned in that market, and in normal
4
The volume of loans or securities of other types for
which open market rates are shown in this section will be
made available in other sections of Supplement to Banking and
Monetary Statistics.
times borrowers throughout the world obtain
funds there. While U.S. short-term markets
are closely interrelated, each deals with a
specialized instrument. Hence, rates in these
markets vary to some extent depending on
differences in the supply of short-term funds
relative to the demand from the various types
of short-term borrowers.
These markets are called "open" markets
because transactions in them are usually on
an impersonal basis with the borrower and
lender dealing through agents, as distinct from
a "customer" market where the borrower and
lender deal directly with each other and where
transactions are often on a personal basis.
As a result of the impersonal relationships that
exist in the open market, lenders may feel
more free to sell the paper they hold, to call
their loans if necessary, or to refrain from renewing credits upon maturity.
Table 5 includes three series of rates for
loans based on commercial transactions and
two series of rates for loans based on security
collateral. These figures are collected by the
Federal Reserve Bank of New York. Rates
on commercial paper and on bankers' acceptances are averages of daily offering rates of
dealers. Rates on finance company paper
placed directly—not available before 1947—
are averages of daily rates for varying maturities in the 90-to- 179-day range; rates are
quoted by the individual finance companies
that place such paper.
Rates on Stock Exchange call loans are
averages of daily quotations. Separate figures
for new and renewal rates were discontinued
beginning with March 1957, and only one rate
is available thereafter.
During 1941-45 the rate on bankers' acceptances was unchanged at 0.44 per cent and
that on Stock Exchange call loans—new and
renewal—was unchanged at 1.00 per cent;
therefore no figures for these series are shown
in the weekly table until 1946.
EFFECTIVE RATES ON FEDERAL FUNDS
Federal funds are excess reserves on deposit
with Federal Reserve Banks that commercial
banks and others may borrow or lend to adjust
reserve positions or to make payments in immediately available money. The major participants in the Federal funds market are commercial banks, especially the larger banks in
financial centers. These banks borrow Federal
funds to cover their reserve deficiencies and
lend Federal funds to employ their excess reserves. Large banks also trade in Federal funds
with their correspondent banks as an accommodation to them. Other participants in the
Federal funds market include dealers in U.S.
Government securities, agencies of foreign
banks, and a few savings banks.
The "effective" rate on Federal funds is estimated each day by the Federal Reserve Bank
of New York. It is not a statistical calculation,
such as an average, of the rates paid on all
transactions in Federal funds. Rather, it represents a concensus of major market participants
in New York City as to the rate at which most
transactions in these funds were executed during the day, after taking into account reports
from active participants in the market. The
data shown in Table 6 begin with the week
ending July 14, 1954, when the Federal Reserve Bank of New York began to estimate the
daily figure.
YIELDS ON SHORT-TERM
U.S. GOVERNMENT SECURITIES
During the 193O's the supply of private open
market .paper declined sharply, and banks invested an increasing amount of funds in U.S.
Government obligations, particularly those with
short maturities. Over the years nonbank investors too, particularly business corporations,
have become important holders of short-dated
Government securities. As a consequence,
market yields on short-term Government securities have come to be regarded as basic series
on open market money rates.
The Treasury's short-term marketable debt
consists of bills and coupon issues. Bills were
first issued by the Treasury in December 1929.
They differ from other types of securities because they are sold on a discount basis instead
of being offered with an interest coupon. Treasury bills have been issued with varying maturities of up to 1 year, but the largest amount
outstanding has been in 3-month bills. As
of the end of 1963, bills were being offered
with maturities of 3 months, 6 months, and
1 year.5 There were no 6-month bill offerings
between the mid-1930's and late 1958, and
1-year bills were first marketed in July 1959.
The Treasury's short-term coupon obligations consist of certificates of indebtedness,
notes, and bonds.6 Certificates are issued with
maturities not exceeding 1 year. Notes have
initial maturities of 1 to 5 years, while bonds
have original maturities of more than 5 years.
Table 7 shows yields on short- and intermediate-term U.S. Government securities, and
Tables 11 and 12 show yields and prices of
long-term U.S. Government bonds.
The market yield series shown in Table 7
are based on closing bid quotations reported
daily to the Federal Reserve Bank of New
York by dealers in U.S. Government secur5
The Treasury also issues tax anticipation bills on which
maturities usually range from 3 to 9 months.
6
The Treasury has at times issued certificates of indebtedness bearing no coupons; accrued interest on such issues is
paid at maturity.
ities.7 Quotations on 3-month, 6-month, and
12-month Treasury bills are for the issues
closest to these maturities. The rate on new
issues represents the average yield on all accepted bids for such issues.
There are two yield series for short- and
medium-term coupon issues. The short-term
series is composed of selected certificates,
notes, and bonds due in 9 to 12 months, while
the medium-term series is made up of selected
notes and bonds due in 3 to 5 years. The
average maturity of the issues in each category
varies somewhat with the passage of time
and as new issues are added and old ones
removed.
Market yields on Treasury bills are not
strictly comparable with those of coupon
issues. Bill yields are computed on a bank
discount rate basis and therefore only approximate a true yield. More specifically, the computation of the discount makes use of a 360day year, and it bases the return on par rather
than the discount normally paid for the bills.
Moreover, it ignores the results of compounding for bills maturing in more than 6 months.
The first two considerations give the yield a
downward bias, and the upward bias resulting
from the absence of compounding on longer
bills offsets this only in part.
BANK RATES ON SHORT-TERM
BUSINESS LOANS
Another market for short-term funds is that in
which banks provide credit to their customers.
A substantial proportion of the business credit
extended by banks is in the form of short-term
loans directly to individual customers. Because
these loans involve a variety of considerations arising out of customer relationships, the
market for them differs considerably from the
open market for short-term funds.
7
Before April 1953, yields were based on the mean of
closing bid and asked quotations. For bonds with optional call
d,ates, yields are computed to earliest call date for issues
selling above par and to final maturity for those selling at
or below par.
Table 8 shows two series on interest rates
that are applicable to this market: (1) the
prime rate and (2) average rates.
Prime rate. The prime rate is the rate that
banks charge their most creditworthy business
customers on short-term loans. It is the base
from which rates charged on loans to other
business customers are scaled upward. The
prime rate is not a sensitive rate that fluctuates daily in response to short-term changes in
demand and supply as measured by a national
market. Rather, its movements tend to be infrequent, and they tend to lag appreciably behind changes in the general business situation
and in open market money rates.
Prime rates are "formally" posted only by
the largest banks. A nationally publicized and
uniform prime rate did not emerge until the
depression of the 1930's. The rate in that
period—Wi per cent—represented a floor below which banks were said to regard lending
as unprofitable. The rate remained at that
level until December 1947.8
The criteria that borrowers must meet if they
are to qualify as "prime" cannot be precisely
defined. Over the long run about half of the
total dollar volume of short-term business loans
(including new loans and renewals) reported
by the banks in the 19 leading cities that are
included in the Federal Reserve quarterly survey of interest rates have carried the prime
rate; this proportion is subject to some cyclical
fluctuation. The proportion is much higher
for large loans and is much lower for small
loans.
Table 8-A shows the effective dates of
changes in the prime rate beginning with 1929.
The date shown is that on which the new
rate was put into effect by the first bank to
make the change. The table shows a range of
rates for 1929-33 because no information is
8
For a discussion of the history of the prime rate and its
role in the lending process, see "The Prime Rate," Monthly
Review, Federal Reserve Bank of New York, April and May
1962, pp. 54-59 and 70-73.
available to indicate when the rate changed
in that period.
Average rates on business loans. Because
of the wide range in rates charged on individual
loans at any one time—owing to variations in
the type of borrower and the type of loan—
it has been difficult to compile a series of representative or typical rates with assurance of consistency over time. In order to improve the
series, methods of reporting the basic data and
of compiling the series have been changed from
time to time.
The Federal Reserve series on interest rates
charged by banks on business loans begins with
1919. Since then the System has collected
reports on rates charged by selected large
member banks in a number of leading cities on
specified types of loans. The number of cities
reporting and the types of loans included have
varied. In January 1928, the number of reporting cities became constant at 19—New
York City, 7 other northern and eastern cities,
and 11 southern and western cities. In March
1939 a revised system of quarterly reporting
was instituted. The new series was limited to
rates on new short-term commercial and industrial loans. To provide a comparison of the
new rates with those for previous years, a revised set of figures for the period January
1928-February 1939 was compiled from reports previously submitted.
The leading cities covered by the interestrate series are representative financial centers.
They have large loan markets, and the interest
rates there are probably more responsive to
changes in general monetary conditions than
are rates in other places. Because of the financial importance of these cities, their influence
predominates in any compilation of rates designed to show movements of rates in large
cities.
Surveys conducted by the Federal Reserve
System in the 1940's made available important
new data regarding interest rates and discount
rates on bank loans and the relationship of
various loan and borrower characteristics to the
interest rate. Such data emphasized the need
and provided the basis for a comprehensive
revision of the series. This revision began
with June 1948.
The reporting form adopted at that time provided data for each loan whereas previously
the bank had reported the total number and
dollar amounts of loans made at certain interest rates or within a certain range of rates.
Data reported on the new form, as well as data
obtained in previous and subsequent comprehensive business loan surveys, indicated that
the wide variation in rates at any given time
reflected differences in size of loan more than
it reflected differences in city or region, which
had been the basis of earlier averages. For
this reason changes in average rates from one
period to another before the revision often
reflected changes in the size distribution of
loans rather than in the general level of interest
rates. Data for individual loans permit the
computation of average rates in a manner that
adjusts for changes in size composition. Therefore, they reflect more accurately variations
over time in the level of interest rates.
Table 8-B shows average rates charged by
selected large member banks in 19 leading cities
on short-term business loans classified by four
size classes and by three geographic areas quarterly beginning with June 1948.
Data previously compiled were reworked for
the period March 1939-March 1948 to provide estimates of average rates charged on
loans for all 19 cities by the same size-of-loan
classifications as those shown for the new
data. These figures are shown in Table 8-B.
There are no size-of-loan figures for the three
geographic areas until June 1948.
The following paragraphs describe how average rates have been computed on the basis of
the types of data that have been available since
June 1948. The averages are based on rates
charged on each loan (new or renewal) that
was made for business purposes during the first
10
COMMERCIAL AND FINANCE COMPANY
PAPER AND BANKERS' ACCEPTANCES
OUTSTANDING
15 days of March, June, September, and December.
1. All short-term business loans—that is, those
with a maturity of 1 year or less—are sorted out by
the Federal Reserve Banks and then grouped by
major geographic area: New York City, 7 northern
and eastern cities (Boston, Buffalo, Philadelphia,
Pittsburgh, Cleveland, Detroit, and Chicago), and 11
southern and western cities (Baltimore, Richmond,
Atlanta, New Orleans, Dallas, St. Louis, Kansas City,
Minneapolis, Seattle, San Francisco, and Los Angeles).
Tables 9 and 10 show amounts of commercial
and finance company paper and bankers' acceptances outstanding. The acceptance figures
are shown by type of holder and by type of
acceptance.
Before 1948 only a total for commercial
paper is available; this appears in Table 9.
Thereafter, figures are available for commercial
paper and finance company paper combined,
and this total is broken down by method of
placement (Table 10). Table 9 shows end-ofmonth data for 1941-52; Table 10, end-of-year
1948-52 and end-of-month 1953-63. All figures were compiled by the Federal Reserve
Bank of New York.
The maturity coverage and the reporting
coverage for commercial paper are not entirely
comparable over the period. The figures in
Table 9 represent paper maturing within 7
months, as reported by principal paper dealers
in this country. Those in Table 10 represent
paper with an original maturity of 9 months
or less (including some finance company paper
sold in the open market) as reported by a varying number of dealers.
Finance company paper placed directly with
investors represents the amount reported by a
varying number of finance companies. Table
10 shows the amount of such paper outstanding
beginning with December 31, 1948, the earliest
date for which these figures are available. Before November 1958 a small amount of finance
company paper with an original maturity of
more than 270 days was included with total
finance company paper; thereafter the totals
include all paper in this maturity grouping.
Figures for bankers' acceptances are
amounts reported by banks and bankers in the
United States as well as by agencies of foreign
banks located in the United States.
2. The loans for each area are then broken down
into nine size classes:
Size class
(thousands of dollars)
1-5
5-10
10-25
25-50
50-100
100-200
200-500
500-1,000
1,000 and over
3. Averages of rates paid on loans in each size
class are computed for each area by dividing the
dollar amount of interest charged, figured at an
annual rate, by the dollar amount of loans made in
each class.
4. The resulting averages for nine size classes for
each area are combined into four major size groups
(see Table 8-B). The weights used for this computation are based on the importance in each area
of the minor size classes in the loan portfolio of the
reporting banks as of the November 20, 1946, survey
of business loans.
5. For the four major size groups an average rate
for all 19 cities is calculated by combining the corresponding averages for the three geographic areas.
These too are weighted averages, based on the distribution of short-term loans outstanding at ratereporting banks on November 20, 1946.
6. For each of the three geographic areas, and for
all 19 cities taken together, an average rate is computed to show the over-all average movements in
rates on all sizes of loans. In each case this average
is obtained by combining the average rates for the
four major size groups of loans.9
9
For an illustration of the calculation of average interest
rates for Dec. 1-15, 1948, see the March 1949 Federal Reserve
Bulletin, p. 235.
11
SECURITIES MARKETS
Credit conditions are affected by and affect
various developments in securities markets. An
important part of the Board's continuous study
of general credit conditions, therefore, is concerned with securities markets and changes in
long-term interest rates. An additional reason
for watching the securities markets grows out
of the Board's responsibilities for regulating
margin requirements for the purchase and sale
of listed stocks. In this respect credit policy is
directly related to the securities markets.
The statistics for securities markets are organized into two groupings: bond yields and
prices (Tables 11-13); prices and yields on
stocks, and volume of trading (Tables 14-18).
The following paragraphs describe these series
in detail. The accompanying table has been
designed to show users of the statistics in
Tables 11 through 15 how the averages of
security yields and prices are calculated.
Figures for stock market credit and new
security issues and for changes in outstanding
corporate securities are discussed on pages
17-24. Differences in bonds and stocks are
described on page 21.
obligations before maturity. For each of these,
capital gains or losses arising out of price
changes may be more important than market
yields.
Nor do yields reflect the costs of funds to the
borrower. When a new security is marketed, its
yield is related to the market yield on outstanding issues of comparable quality and terms, but
the yield on the new issue generally exceeds
the yield during the same period on outstanding
issues by the cost of flotation—including
underwriters' compensation—and any discount
from market price that may be required to
facilitate initial placement of the issue.
Yields on different types of long-term securities reflect—in addition to the general level of
interest rates—relative supplies of various types
of securities, preferences (including those imposed by legislation and regulation) of investors
for the various types, relative amounts of funds
available to investors with different types of
preferences, and distinctive characteristics of
the various types of securities. Among the
latter, the most important are the market's
evaluation of differences in underlying risk,
differences in marketability, and differences in
the tax status of the income return to investors.10 The price and yield series presented
in Tables 11, 12, and 13 are classified by some
of these characteristics.
Table 11-A shows annual and monthly
yields for U.S. Government bonds; for State
and local government bonds, by rating; and
for corporate bonds by rating and by industry.
Table 11-B shows weekly data for these series,
except that Moody's series for State and local
government bonds do not begin until 1948.
Table 12 shows price series for U.S. Government, high-grade State and local government,
and high-grade corporate bonds. These series
BOND YIELDS AND PRICES
Changes in bond prices are useful as rough
indicators of changes in the value of invested
funds, particularly over short periods of time.
Prices of bonds, however, are not precise measures of the return to the purchaser; the return is
also affected by the coupon rate and the length
of time to maturity. Market yields, which indicate the percentage rate of return to investors
on securities purchased at current market prices
and held to maturity (taking into account the
effect of differences in the length of time to
maturity and in coupon rates), measure changes
in the costs of money more precisely than
prices. However, they do not necessarily reflect the return realized by purchasers on other
dates or by investors who dispose of their
10
Yields on securities also vary because of differences in
term to maturity. Except for Table 13, only long-term securities are considered here (for discussion of yields on shortterm securities see pp. 7-9).
12
BASIS OF FIGURES USED FOR AVERAGE YIELDS AND PRICES ON LONG-TERM SECURITIES
Series
U.S. Government bonds:
Yields
Prices (dollars)
State and local government bonds:
Yields:
Moody's
Standard and Poor's (high-grade).
Prices:
Standard and Poor's (high-grade).
Corporate bonds:
Yields:
Moody's
Standard and Poor's (high-grade).
Prices (dollars):
Standard and Poor's (high-grade).
Common stocks:
Prices (indexes)
Standard and Poor's:
1900-18
1919-27
1928Securities and Exchange
Commission
Monthly figures,
averages of—
Averages of daily
closing bids
Thurs. figures
Wed. figures
Averages of daily
closing bid
Wed. closing bid
Daily figures
Wed. figures
Monthly figures
• 0).
(i).
Averages of daily 3
Last sale price during
week
(i).
Monthly high and low
Figures for one day
per week:
Fri. Feb.-Dec. 1928;
Thurs. Jan. 1929Apr. 1930;
Wed. thereafter
2
Weekly figures
Monthly figures
Monthly figures
(4).
1 Not published in this section of the Supplement.
Based on indexes published by the Cowles Commission; see text.
3 Weekly averages in Table 14-B begin with 1934.
Same as for price series shown above.
2
4
are not averages of actual prices (except for
U.S. Government bonds prior to April 1952)
but are derived from three of the corresponding yield series shown in Table 11-A. They
represent prices that are equivalent to those
yields on the basis of an assumed coupon rate
and term to maturity. Thus, they indicate what
Monthly high and low
Figures for one day
per week:
Wed. Jan. 1918Oct. 1923;
Mon. Nov. 1923Dec. 1925;
Fri. Jan. 1926Dec. 1927
Daily figures
Weekly figures
Figures for one day
per week:
Fri.
Jan. 1926Dec. 1928;
Thurs. Jan. 1929Apr. 1930;
Wed. thereafter
Feb. 1928-
Yields
Weekly figures
Thurs. closing asked
Wed. closing bid
Yields (dividends/price ratio):
Standard and Poor's
Preferred stocks—Standard and Poor's
Prices (indexes)
Jan. 1910-Jan. 1928
Annual figures,
averages of—
Daily closing bids
Weekly figures
price movements would have occurred for a
representative bond of unchanging coupon and
maturity. Because of the wide and shifting
variety of coupon rates and maturities of bonds
actually outstanding, they do not measure the
actual average level of current price quotations in the market.
13
Table 13 shows annual figures for basic
yields on corporate bonds with various periods
to maturity. The basic yield is defined as the
yield of the highest grade issues that are free
from extraneous influences—that is, bonds that
are nonconvertible, noncallable, fully taxable,
free from manipulation, and so forth.
The following paragraphs describe the composition of individual series shown in Tables
11-13 as well as the sources of the data.
on the basis of quality, trading activity, and geographic representation; the average quality of the
bonds is between AAA and A.
Prices (Table 12). The series on prices of high-grade
State and local government bonds is derived from the
average yields shown in Table 11-A on the basis
of an assumed 4 per cent bond with 20-year maturity.
Source: Standard and Poor's Corporation Security
Price Index Record, 1964 Edition, pages 204-05, and
earlier editions.
State and local government bond yields—Moody's
series (.Table 11). Series represents the market
yield to maturity on long-term tax-exempt State
and local government bonds as reflected in the yields
of selected bonds rated Aaa, Aa, A, and Baa by
Moody's Investors Service. The 20 bonds included
are all general obligation issues with an average maturity of 20 years. They are selected on the basis
of quality (5 bonds in each of the four quality rating
groups), trading activity, and geographic representation. The yield for each group is an unweighted
arithmetic average for the 5 bonds included, computed from Thursday closing asked quotations and
adjusted as necessary for occasional abnormally wide
spreads between bid and asked quotations and for
other temporarily distorting factors. The composite
series is an average of the average yields for the
four rating groups. Weekly data are not available
before 1948.
Source: Monthly and annual averages, Moody's
Municipal and Government Manual, 1964 Edition,
pages a20-a22; weekly figures, Moody's Bond Survey.
High-grade corporate bonds—Standard and Poor's
series: Yields (Table 11). Series is an arithmetic
average of the yields to maturity of 17-19 taxable,
nonconvertible, representative corporate bonds rated
AAA by Standard and Poor's Corporation.13 It includes the bonds in Standard and Poor's AAA industrial, railroad, and public utility series. Both the number of bonds and the average maturity vary slightly
from time to time as deletions are made to reflect
changes in rating or approaching maturity, or because
a bond is called or sells too far above its call price and
no appropriate substitute is immediately available. As
of February 1964, the three major categories contained
7, 5, and 6 bonds, respectively, and the average term
to maturity was about 26 years.
The weekly figures in Table 11 are averages of the
yields for the three industry groups combined; each of
these figures in turn is an unweighted arithmetic average computed from Wednesday closing bid quotations
for the bonds in the particular industry group.
Prices (Table 12). Series is derived from the average yields shown in Table 11-A on the basis of an
assumed 4 per cent, 20-year bond.
Source: Standard and Poor's Security Price Index
Record, 1964 Edition, page 183, and earlier editions.
U.S. Government bonds: Yields (Table 11). An
unweighted arithmetic average of yields on a varying
number of long-term U.S. Government marketable
bonds is computed each day from closing bid prices;
these yields are computed to maturity for bonds selling
at or below par and to first call date for those selling
above par. This series includes partially tax-exempt
bonds for the period before November 1941 and fully
taxable bonds thereafter. The maturity groupings on
which the series is based vary: the series includes bonds
due or callable after 15 years for the period January
1941-March 1952; after 12 years, April 1952-March
1953; and 10 years or more beginning with April
1953.X1 The average maturity of the issues in the series
varies because of changes in definition and also because
of the passage of time and the inclusion of new bonds
after issuance.
Source: Federal Reserve Bulletin.
Prices (Table 12). The series for prices of U.S.
Government bonds is based on the same issues
as the yield series. For the period January 1941March 1952 it is an unweighted arithmetic average
of actual closing bid prices. Beginning with April
1953, it represents hypothetical prices derived from
the yield series on the basis of an assumed 3 per cent,
20-year bond.
Source: Federal Reserve Bulletin.
High-grade State and local government bonds—
Standard and Poor's series: Yields (Table 11). An
arithmetic average of the yield to maturity of 15
high-grade (rated A or better 12 ) tax-exempt, general
obligation bonds of State and local governments
in the United States is computed from Wednesday
closing bid quotations; the maturity of each bond
is approximately 20 years. The issues are selected
11
Bonds paying interest subject to full Federal income
taxation were first issued in March 1941. Until that time interest on U.S. Government bonds was partially tax exempt.
A varying, but decreasing, volume of these bonds remained
outstanding during the period 1941-62.
12
Both Standard and Poor's Corporation and Moody's
Investors Service rate State and iocal government and
corporate bonds by quality; the former uses the designations
AAA, AA, A, and BBB for investment-grade bonds in order
of ascending risk, while the latter uses the designations Aaa,
Aa, A, and Baa, also in ascending order of risk. Bonds
rated AAA and Aaa, those rated AA and Aa, and so forth,
by the respective organizations are of approximately the same
quality.
13
This high-grade yield series is not the same as the one
shown in Banking and Monetary Statistics. That series, which
was compiled by the U.S. Treasury, has been discontinued.
14
covered and which were not subject to special influences, with occasional reference to municipal and
government yield quotations for interpolation of
maturities. For each year the yields to maturity of
outstanding bonds were plotted by term to maturity
on a scatter diagram. The basic yield curve for
each year is a free-hand curve so fitted that it passes
below most of the yields on the chart but usually
above a few isolated low ones. Basic yields for each
maturity are read from the curve.
The yields shown in Table 13 are for selected maturities that were least subject to error and required
least reference to State and local and to U.S. Government yield quotations for interpolation of maturities.14 There have been no issues of 50-year or 60year corporate bonds in recent years; hence, it has become impossible to obtain reliable basic yield estimates
for obligations with maturities of more than 30 years.
It has also been difficult to obtain a valid basic yield
for prime obligations in the short-term area; the
1-year yield shown here is an approximation obtained by extrapolation of yields on government bonds
and on equipment trust certificates.
Data for 1941-57 are based on high and low
quotations for each of the first 3 months of each
year; the 1958-63 figures are based on actual end-ofmonth sales or quotations for February.
Source: 1942-53, The Economic Almanac 1953-54,
page 119, National Industrial Conference Board. 195358, David Durand, "A Quarterly Series of Corporate
Bond Yields, 1952-1957, and Some Attendant Reservations," The Journal of Finance, Volume XIII, Number
3, September 1958. 1959-63, Scudder, Stevens, and
Clark, New York.
Corporate bond yields—Moody's series: (Table 11).
Moody's corporate bond yield series represent market
yields to maturity on long-term, taxable, nonconvertible
seasoned corporate bonds as reflected in quotations on
selected bonds rated Aaa, Aa, A, and Baa by Moody's
Investors Service. Seven groupings are shown—4 series
by quality rating (Aaa, Aa, A, and Baa), and the 3
industry series (industrials, railroads, and public utilities).
The total number of bonds included, according to
Moody's formula, is intended to be 120, with each
quality rating group including 10 industrial, 10 railroad, and 10 public utility bonds. But there have
not always been 10 bonds in each classification that
would meet all the criteria for suitability. For
example, as of July 1964, the Aaa series included
7 industrials, 6 railroads, and 10 public utility
bonds; the Aa series included 10 industrials, 5 railroads, and 10 public utility bonds; and the other
two rating groups each included 10 bonds in each
industry group. The average term to maturity of
the bonds included has also varied somewhat over
time. In July 1964 it was about 24 years, with
industrial bonds having a slightly shorter, and railroad bonds a slightly longer, term to maturity.
The daily yield for each bond is computed on the
basis of its closing price, as reported in dealer asked
quotations, adjusted as necessary for occasional abnormally wide spreads between the bid and asked
quotations or for other temporarily distorting factors.
Figures for each industry grouping of each rating
group are unweighted arithmetic averages of the
yields on the individual issues in that group. Figures
for industry groups are averages of all ratings for
the industry; for rating groups, averages of figures for
all three industries. And the total is an unweighted average of the averages for the three industry groups.
Issues are selected to represent typical long-term
bonds in each rating group for the three industrial
categories. Substitutions in the bond list are made
when a rating has been changed, when a bond has
been called or sells too high above its call price,
or when it is approaching maturity. Suitable adjustments (usually small) are introduced to prevent substitution from impairing the comparability of the
series; these adjustments are gradually amortized.
Source: Monthly and annual averages: Moody's Industrial Manual, 1964 edition, pages al9-a21; Moody's
Transportation Manual, 1964 edition, pages a48-a50;
Moody's Public Utility Manual, 1964 edition, pages
a4-a6; weekly data: Federal Reserve computation from
daily figures published each week in Moody's Bond
Surveys.
Basic yields of corporate bonds (Table 13). The
series on basic yields shown in Table 13 represents
the yields estimated to have prevailed in the first
part of each year on the highest grade corporate
issues, classified by term to maturity. Each estimate
is based on quotations for practically all high-grade,
seasoned, nonconvertible, corporate bonds for which
valid quotations were available during the period
STOCK PRICES, YIELDS, AND
TRADING VOLUME
This section includes two series on prices of
common stocks and one on prices of preferred;
also series on dividend and earnings yields
on common stocks and dividend yields on preferred stocks. In addition to the descriptions
given below, users of the statistics may refer
to the tabulation on page 13, which shows the
basis of the figures used in calculating the averages shown in Tables 14-16.
Common stock prices. Each of the price
indexes for common stocks—Standard and
Poor's shown in Table 14 and the Securities
and Exchange Commission series shown in
Table 15—is designed to measure composite
14
See Banking and Monetary Statistics, p. 477, for a wider
range of maturities for earlier years.
15
changes in price for a large group of actively
traded common stocks, which account for a
high proportion of the total market value of
stocks listed on the New York Stock Exchange.
The series in Table 15 was discontinued by
the Securities and Exchange Commission at the
end of May 1964. This table has been updated
to show figures to that date.
The selections for the series in both Tables
14 and 15 were based on (1) aggregate market
value of all outstanding shares of each stock,
(2) trading activity, and (3) industry representation. The statistical concepts and procedures used in computing the two series are
almost identical too. Both series are indexes—
that is, prices for a given period are expressed
as a relative of prices for a selected base
period. They do not represent actual prices.
They are designed to permit both short- and
long-run comparisons of price changes for
listed issues after eliminating the distorting
effects on prices of issuance of rights, mergers,
and so forth.
Nevertheless the two indexes do differ in a
number of ways. For instance: (1) Standard
and Poor's index covering some 500 stocks
is somewhat broader in coverage than the
SEC index, which covers 300 stocks. (2)
Standard and Poor's index is based on daily
closing prices; the SEC index, on weekly
closing prices. (3) Major industry groupings in
the Standard and Poor's index conform to market usage, whereas the SEC classification is
based on the Standard Industrial Classification
of companies used in most Governmental statistical series.15
the stocks in the sample expressed as a percentage of
the average market value of the stocks included in the
series in a base period (1941-43 = 10). So that the
indexes will reflect only fluctuations in current market
values, adjustments in the base-period value are made,
as necessary, to offset the effect of issuance of rights
and consolidations and acquisitions. Additions to or
deletions from the list also make it necessary to adjust
the base value.
Each stock in the index is weighted (number of
shares outstanding multiplied by daily closing price)
so that its influence will be in proportion to its
market importance. Market values for the component stocks are aggregated to obtain the market
value for their particular group. These values are
all expressed as a relative, or index number, to the
base period (1941-43) market value, and the index is
obtained by multiplying the resulting quotient by 10.
Daily indexes before February 1957, when the new
base period was first used (and daily computation of
the 500 stock series began), are a conversion of
Standard and Poor's earlier 90 stock index. Monthly
figures for the period 1900-18 are based on the
Cowles Commission stock price indexes, adjusted to
the 1941-43 base by Standard and Poor's.
Source: Standard and Poor's Corporation Security
Price Index Record, 1964 Edition.
The SEC price index, which was discontinued in
late May 1964, is a measure of the average prices of
300 of the more actively traded common stocks listed
on the N.Y. Stock Exchange. This group accounted for
about two-thirds of the value of all trading in common
stocks on the exchange in 1957.17
Like the Standard and Poor's indexes, this index
represents the aggregate market value of the stocks
included (that is, price multiplied by shares outstanding) for a given period expressed as a percentage
of the aggregate market value of these same stocks
for a base period (1957-59 average = 100) with appropriate adjustments to eliminate the effect on prices
of the issuance of rights, mergers and so forth.
Source: Securities and Exchange Commission,
S.E.C. Stock Price Index.
Yields and earnings/price ratios. The yield on
common stocks shown in Table 16 is for stocks in
Standard and Poor's 500 stock index. It is obtained
each week by dividing the aggregate cash dividend
(based on the latest known annual rates for the stocks
included in the index) by the total market value for
a single day during the week as described in the
table on page 13.
The earnings/price ratio is obtained by dividing
aggregate earnings of the 500 stocks in the Standard
and Poor's common stock index for the period by aggregate market values of the stocks at the end of the
period. For the period 1926-34, the figures are for the
Standard and Poor's index of common stocks measures average price movements of 500 common stocks
(425 industrial,25 railroad, and 50 public utility) representing about 90 per cent of the market value of all
common stocks listed on the N.Y. Stock Exchange.16
The indexes are based on the aggregate market value of
15
In addition, Standard and Poor's publishes indexes for
more subindustries than the SEC, but the tables in this section
are limited to the major industry groups.
16
The indexes presented in these tables—total, industrial,
railroad, and public utility—are further broken down by
Standard and Poor's into 99 subgroups.
17
In addition to the total index and major industry groups
shown in the tables in this section, the Commission also published data for 32 subindustries, also based on the Standard
Industrial Classification.
16
in Tables 17 and 18. Statistics on the volume
of trading on other exchanges are available
in reports of the SEC; in general, trading on
other exchanges has tended to fluctuate with
that on the N.Y. Stock Exchange, but is very
much smaller. Data on trading in the over-thecounter market are not available.
Table 17 shows the volume of share trading
in round lots as reported by the Exchange
and on the Exchange ticker; it excludes "odd
lot" (generally less than 100 shares) and "certain minor" transactions, which are not reported on the Exchange ticker. The weekly
averages for the period 1934-63, shown in
Table 17-B, have been computed by dividing aggregate weekly trading volume by the
number of trading days in the week, each day
representing 5l/i hours of trading. On September 29, 1952, trading on the Exchange was increased from a 5-hour to a 5lA -hour day Monday through Friday, and the 2-hour trading day
on Saturday was discontinued. Weekly data for
the period before that date have been adjusted
to the current basis by assuming hourly trading
would have been the same regardless of the
length of the trading day.
Table 18 presents figures compiled by the
SEC on the total volume of shares traded on
the Exchange and the money value of these
sales. These figures include round-lot volume
as reported by the N.Y. Stock Exchange and
also trading in odd lots and "unreported"
round-lot transactions. They are compiled from
reports furnished by members of the N.Y.
Stock Exchange in connection with fees payable under the Securities Exchange Act of
1934.
end of the year and are based on actual earnings of
the 500 companies during the year.
From 1935 on, the ratios are for the end of each
quarter; aggregate earnings are converted to an annual
rate by taking the average earnings for the quarter for
the stocks in the index, adjusting these earnings for
seasonal variation, and multiplying that figure by 4.
From 1935 through the third quarter of 1950, aggregate earnings are based only on those of companies reporting quarterly, but by the end of that period coverage had become almost complete. Beginning with the
fourth quarter of 1950, estimates of quarterly earnings
for the missing companies have been included. The
annual figures since 1935 are averages of the four
quarterly ratios.
Source: Standard and Poor's Corporation Security
Price Index Record, 1964 edition.
Preferred stock prices and yields. The series
for prices and yields of preferred stocks shown
in Tables 14 and 16 are from Standard and
Poor's Corporation.
The preferred stock price series, as with the bond
price series, does not represent averages of actual
prices since February 1928; since that time, the yield
series for preferred stocks described below has been
converted to a price basis assuming a $7 dividend.
For earlier years (January 1910-January 1928) the
monthly data are averages of monthly high and low
prices for 20 high-grade preferred stocks, the price
of each being first adjusted to represent a stock with
par value of $100 and an annual dividend of $7.
Before February 1928 the yield was computed
from the average price of 20 high-grade preferred
stocks computed as described above. Beginning with
February 1928 the preferred stock yield has been
computed for a single day each week by determining
the yield for each of 15 (14 in February 1964) highgrade, noncallable issues, and using the arithmetic average of 9 (8 in February 1964) median yields to represent the entire group.
Source: Standard and Poofs Corporation Security
Price Index Record, 1964 edition.
Trading volume. Statistics on the number of
shares traded and the dollar volume of trading
in stocks on the N.Y. Stock Exchange appear
STOCK MARKET CREDIT
Since 1934 the Board of Governors has been
obligated by law to prevent excessive use of
credit for purchasing or carrying securities.
The Board was given power to limit the amount
of credit that can be extended for purchasing
or carrying stocks listed on national securities
exchanges. The limitations set by the Board
are known as margin requirements.
The following paragraphs describe margin
requirements as applied to brokers and dealers
and to banks and the various statistical
measures of stock market credit. Table 19
17
shows the changes in margin requirements,
Table 20 the volume of stock market credit
extended to customers by member firms of the
N.Y. Stock Exchange and amounts borrowed
by firms that carry margin accounts for their
customers for the period 1938-63; Table 21,
more detail on selected balance sheet items of
such member firms for the years 1942-63; and
Table 22, borrowing by all member firms of
the N.Y. Stock Exchange for the period
1941-63.
and individual brokers may require even higher
margins than those prescribed.
The requirements under Regulation T, which
became effective October 1, 1934, were those
already established as a standard by the Securities and Exchange Act, which had placed
margin requirements on various issues of listed
stocks and bonds within a range of 25-45 per
cent, the requirement for each issue depending
on the relationship between its price at the
time of the loan and its lowest price since July
1, 1933. As of February 1, 1936, the Board
raised the upper limit of the range to 55 per
cent, and as of "April 1, 1936, it made the 55
per cent requirement applicable to all listed
stocks and bonds regardless of previous price.
Effective May 1, 1936, Regulation U of the
Board of Governors made comparable margin
requirements applicable also to loans made by
banks on stocks for the purpose of purchasing or carrying listed stocks. On November
1, 1937, margin requirements of 50 per cent
were applied to short sales of securities. On
the same date, lower margin requirements (25
per cent except for loans on securities sold
short, which required a 35 per cent margin)
were set for special omnibus accounts and
special loans to brokers and dealers; these
represent borrowings by brokers and dealers on
securities from banks or other brokers to
finance their customers' transactions. Effective
February 5, 1945, such accounts and loans
were exempted from margin requirements, and
since then margin requirements for short sales
have been the same as those prescribed for
regular transactions.
All changes in margin requirements have
been effective as of the opening of business on
the dates shown in Table 19 except for changes
on February 20, 1953, and January 4, 1955.
Those were made effective after the close of
business.
MARGIN REQUIREMENTS
Margin requirements are set in accordance
with Regulations T and U, issued by the Board
of Governors pursuant to the Securities Exchange Act of 1934. Regulation T applies
to brokers and dealers. It limits amounts that
can be lent on corporate stocks and bonds that
are listed on a national securities exchange
and denies loan value entirely to corporate
securities that are not so listed. Regulation U
applies to banks. It limits lending for purchasing or carrying corporate stocks registered on
a national securities exchange. Loans secured
by stocks that were not made for this purpose
are exempt. So too are loans for purchasing
or carrying unlisted stocks and loans on bonds.
The regulations limit the amount of credit
that may be extended by prescribing a maximum loan value for the security—a specified
percentage of the security's market value at the
time credit is extended. The margin requirements are the difference between the market
value (100 per cent) and the maximum loan
value. They indicate the percentage of the
purchase price of a security that the buyer
must cover with cash at the time of purchase.
The Board prescribes an initial margin only;
lenders may set up maintenance margins on
their own. Members of the N.Y. Stock Exchange are required to abide by a ruling of that
Exchange which sets the minimum percentage
of equity that a margin customer must maintain as his collateral (a "maintenance" margin),
STATISTICAL MEASURES OF CREDIT
Table 20 presents monthly data for the major
types of security credit extended to customers
18
and for the principal sources of funds of
brokers and dealers who are member firms of
the N.Y. Stock Exchange carrying margin
accounts for the period January 1938 through
1963. Table 21 presents detailed debit and
credit balances and related balance sheet items
for the same firms for June 30 and December
31, 1942-56, and for June 30, 1958-63. No
data were collected in 1957. Table 22 presents
monthly data on borrowings for all member
firms of the N.Y. Stock Exchange. The data
for those firms carrying margin accounts are
the same as those in Table 20; they are presented in both places to make comparison with
the other data easier.
Described below are the two major types of
credit—customer and dealer—and technical information on the data used.
Customer credit. The series on stock market credit extended to the ultimate customer
combines credit extended by brokers and dealers (customers' debit balances) and credit for
purchasing and carrying securities extended by
banks to others than securities brokers and
dealers. Both components exclude credit extended on U.S. Government securities except
for periods when these figures were not separately available. Bank loans to brokers and
dealers are excluded from the customer credit
total because the portion of such loans used by
brokers to lend to their customers has already
been included in the debit balance data. The
remainder represents funds that brokers and
dealers use in carrying on their other business.
Although the statistical measure of total
stock market credit to customers probably reflects the principal changes in the amount of
such credit outstanding, it is not complete. (1)
Security loans extended by others than brokers,
dealers, and banks are not included because no
statistical information on such loans is available. (2) The data on bank lending, composed
of loans explicitly classified as being for the
purpose of purchasing or carrying securities,
include only those loans made by weekly reporting member banks. However, scattered
benchmark data indicate that these banks account for the bulk of all such lending by commercial banks. (3) The data on customers' debit
balances include only credit extended by N.Y.
Stock Exchange members, but the amount
extended by other brokers is probably very
small. On the other hand, total customer credit
includes some lending on bonds, particularly
during periods when lending on U.S. Government securities can be excluded only in part
or not at all.
Broker and dealer credit. Brokers and dealers borrow principally to obtain funds to lend
to their customers; but they also borrow to
finance their own holdings of securities, which
they acquire in performing their functions as
dealers for their own account and as underwriters of new offerings of securities. This section presents two sets of figures on borrowing
by brokers and dealers.
Tables 20 and 22 show the amounts of
credit outstanding to brokers who are members
of the N.Y. Stock Exchange, and who also carry
margin accounts, from the two sources for
which data are available monthly. These
principal sources are banks and customers' net
free credit balances left on deposit with brokers and dealers. Borrowing from other sources
is legally restricted, and data are shown for less
frequent intervals in Table 21.
Table 22 shows borrowings by all member
firms of the N.Y. Stock Exchange from banks
and other lenders, except borrowing from other
members of national securities exchanges. And
as indicated earlier, it shows amounts borrowed by firms that do not carry margin
accounts as well as amounts borrowed by
those that do. Only their total borrowings
are shown before March 1943, but thereafter
the totals are subdivided into borrowings on
U.S. Government securities and borrowings on
all other securities. Beginning with April 1955,
borrowings on other securities by firms carrying margin accounts are broken down further
into borrowings on customer collateral and
borrowings on other collateral—that is, firm
19
and partner collateral. The data for this table
were collected by the Exchange from member
firms and are for the last trading day of the
month for the period 1941 through May
1955 and for the last Wednesday of the month
thereafter.
Federal Reserve. Figures for months other
than June and December for the period August
1942-February 1945 are estimates prepared
by the Federal Reserve on the basis of reports
from a small number of large firms. Beginning
with March 1945, the data are those reported
to the N.Y. Stock Exchange by all member
firms carrying margin accounts. Also beginning with March 1945, net debit balances were
reported separately for U.S. Government securities and other securities.
Data on "money borrowed" through 1940
are those collected by the Federal Reserve;
beginning with January 1941, the N.Y. Stock
Exchange has collected this information, which
is identical with that shown in Table 21 for
firms carrying margin accounts as described on
page 19.
Until 1938, banks reported their loans on
securities on a "collateral" rather than on a
"purpose" basis. In 1938 the Federal Reserve
began to obtain from the banks in its weekly
reporting member banks series, figures for bank
loans to others than brokers and dealers for
purchasing and carrying securities. These figures are shown for the last Wednesday of the
month in Table 20. Through 1943, loans on
U.S. Government securities are included with
loans on other securities, but the two are shown
separately for the period 1944-63. The figures
for loans on U.S. Government securities are for
all weekly reporting member banks for the
period 1944-52 and again beginning with July
1959. In the interim (January 1953-June 1959)
data on such loans are for New York and Chicago weekly reporting member banks only; at
other weekly reporting banks, figures for these
loans are included with those for loans on other
securities. The level of this series has also been
affected by changes that were made in July
1946 and July 1959 in the number of banks
covered.
Table 21, "Detailed Debit and Credit Balances and Related Items of Member Firms of
the N.Y. Stock Exchange Carrying Margin
DEFINITIONS AND COVERAGE
A "debit balance" arises when a customer borrows from a broker to purchase securities.
The purchase price of the security is debited
against the customer's account, with the securities held in the account. Cash paid to meet
margin requirements of the purchase is credited
against the account. The resulting debit balance represents the amount actually loaned to
the customer. A "credit balance" represents
cash deposits and the proceeds of stock sales
or dividends not withdrawn by the customer
or used to reduce any outstanding indebtedness. If there are no offsetting liabilities, such
as a short sale, this balance could be withdrawn
by the customer; hence it is called a "free"
credit balance.
In tabulating these figures, member firms of
the N.Y. Stock Exchange consider the net
position of each customer by combining balances if he has more than one account (for
example, cash, margin, and commodity accounts) and arrive at separate totals for those
customers whose combined accounts net to a
debit position and for those in net credit status.
Both debit and credit balance totals exclude
balances of the firm, its partners, or other
firms that are members of a national securities
exchange but include the temporary debits and
credits associated with cash transactions.
Figures for net debit balances and net free
credit balances in Table 20 are for the end of
the month. For the period 1938-July 1942,
and for June and December dates through
1944, they are ledger-account figures for all
member firms of the N.Y. Stock Exchange
carrying margin accounts, as collected by the
20
"money borrowed" after May 1955 a difference in reporting date, that is, the last Wednesday versus the end of the month.
It should be noted, however, that these summary figures do not disclose the "financial condition" of reporting firms. (1) They do not
show either the values of securities carried by
the reporting firms for customers or the current
market values of securities owned by the firms
themselves. (2) The amount reported against
the item "net balance in capital and profit
and loss accounts and partner's drawing accounts" does not represent actual net capital.
(3) They do not include such assets as exchange seats.
Accounts," summarizes selected balance sheet
data reported to the Federal Reserve System in
connection with its responsibilities under the
Securities Exchange Act of 1934. In addition
to data on net debit balances, net free credit
balances, and money borrowed, this table presents considerably more detailed information
on money balances as shown in the debit and
credit entries on the ledgers of these firms
as of the end of the specified month. Corresponding items are identical conceptually with
those presented in Tables 20 and 22 but differ
somewhat because of minor differences in reporting, statistical discrepancies, and for
SECURITIES ISSUES
Governmental units, corporations, and other
organizations obtain new external funds from
several sources. They may issue debt securities
with either long- or short-term maturities. They
may borrow from banks. In still other instances
they may sell mortgages, or they may increase
their equity base through sale of stocks.
Sales of new issues in capital markets are
one of their major sources of funds. The tables
in this section show the amounts of long-term
debt and equity financing. Although they omit
sales of short-term bonds and notes, the data
are a measure of specific types of demands for
funds in the capital markets.
Governments sell only debt instruments
(bonds, notes, debentures, and so forth)—with
a fixed rate of return and a specified date for
redemption. Corporations, on the other hand,
may sell either debt instruments or stocks.
A preferred stock—like a debt instrument—
has a fixed rate of return (dividend), but it is
junior to debt, and it does not have a specified
maturity. Common stock has neither a fixed
rate of return nor a specified maturity.
Security financing may be measured in terms
of gross proceeds, net proceeds, or net
changes in outstanding securities. Gross pro-
ceeds are derived by multiplying the offering
price by the number of units (except for State
and local government issues for which principal
amounts are used). Net proceeds represent
gross proceeds less estimated costs of flotation
—that is, underwriting compensation, legal expenses, and so forth.
For certain purposes—for example, for
analyzing the immediate impact of new offerings on security markets—the gross and net
proceeds figures may be more useful. For
other purposes—for example, for analyzing
longer-run relationships between saving and
investment—the figures for net change in securities outstanding may be more appropriate.
Data on proceeds (whether gross or net) measure the amount of funds raised by sales of securities in a particular period without taking into
consideration redemptions during the same
period of securities sold earlier by the same or
other corporations or governmental units. Data
on net changes in outstanding securities, calculated by deducting from gross new issues the
total of all securities redeemed during the same
period, are a measure of the net volume of
funds raised. The series on issues for new capital provides something more in the nature of an
21
of corporate offerings by type of issue—bonds
(both publicly offered and privately placed)
and stocks (preferred and common). Privately
placed corporate bond issues, which constitute
the bulk of privately placed securities, are
shown annually for the whole period and
monthly beginning with 1952.
Definitions of major types of issues follow:
intermediate measure, since it is composed of
issues sold to obtain new capital (excluding the
proceeds of refunding issues) but has not been
adjusted to take account of securities redeemed
with funds made available in other ways.
Tables 23 and 24 present data on gross sales
of new securities by governmental units, corporations, and other organizations. Table 25
presents data on net changes in securities outstanding for corporations only.
U.S. Government: Direct and guaranteed issues
only (excluded, as noted above, are interagency issues
and short-term issues such as Treasury bills).
U.S. Government agency: Federal agency issues
not guaranteed by the U.S. Government (currently,
issues of the Federal land banks, Federal intermediate credit banks, banks for cooperatives, Federal
home loan banks, Federal National Mortgage Association, and the Tennessee Valley Authority).
U.S. State and local government: Issues of all
States, territories, and possessions, and their subdivisions. Through 1951, data are as compiled by
the Commercial and Financial Chronicle; thereafter,
by the Bond Buyer.
Other: Issues of foreign governments and their instrumentalities, of international organizations (for
example, International Bank for Reconstruction and
Development), and of nonprofit institutions.
Corporate: Issues of both foreign and domestic
corporations sold in the United States.
Corporate issues for new capital include net proceeds
of all issues except those used for the retirement of
securities. Issues for new money represent funds to be
used for both purchase of plant and equipment and
additions to working capital (these are shown separately in the SEC publications); funds used to repay
short-term bank loans that were originally utilized for
these purposes are included. Proceeds for other purposes are used to repay term loans from banks, to
purchase securities, and for miscellaneous uses.
TOTAL NEW SECURITIES ISSUES
BY TYPE OF ISSUER
The estimates shown in Table 23-A, which are
for the period 1934-63, were prepared by the
SEC. They cover almost all new security issues
offered for cash for the account of the issuer in
the United States in amounts over $100,000
and with maturities of over 1 year. They represent offerings, not actual sales. However, the
proportion of the total that is not sold is believed to be quite small.
The estimates exclude several types of offerings: continuous offerings of employee-purchase plans; issues of open-end and closed-end
investment companies; and intercorporate
transactions where control is involved; sales of
issues that the U.S. Government makes directly
to Federal agencies and trust accounts; corporate notes issued exclusively to Federal agencies and trust accounts; corporate notes issued
exclusively to commercial banks; and portions
of issues known to have been sold outside the
United States.
Publicly offered issues are included as of the
offering date; privately placed securities are
included as of the takedown date—when securities are actually issued—regardless of when
purchase contracts were made. Privately placed
securities are defined as issues sold to a restricted number of investors without being offered to the public and without being required
to meet SEC registration formalities.
Table 23-A shows totals for 1934-63 of all
securities offerings (gross) with a breakdown
showing amounts by major groups and amounts
CORPORATE ISSUES
Net proceeds of corporate security issues are
shown for four major industry groups for the
period 1934-47 in Table 23-B. Beginning with
1948 a new classification based on the Standard
Industrial Classification was adopted. In this
classification, shown in Table 24-C, each issuer
is included in the industry from which it derives the bulk of its revenue. As a result of the
new classification there were some shifts of
industries among major groups, and several
new major groups were added. Because only
the real estate and financial group was unchanged, exact comparison of the new and old
22
"total (new capital and refunding)" and "total
amount delivered," except that the latter excludes U.S. Government loans. Issues are
included as of the date of sale, except that for
"total amount delivered" the date of inclusion
is the one on which the issuer receives the
proceeds.
Figures on classification by type of issue
are available only on an annual basis before
1957, but are monthly thereafter. Classifications by type of issuer and by use of proceeds
before 1957 relate only to issues of $500,000
or more. For each of these categories, issues
of less than that amount are shown in the
"other" category. Hence many classifications
in earlier years are understated relative to
those for later years.
Definitions of the groupings follow:
groups are not possible. The accompanying
tabulation shows the difference in the two
methods of classification.
INDUSTRY CLASSIFICATION
Before 1948
Industrial &
miscellaneous
Public utilities
Railroads
Financial & real estate
1948 and after
Manufacturing
Commercial & other
Extractive1
Electric, gas and water
Transportation, other
than railroads2
Communications3
Railroads
Financial & real estate
1
Included with commercial and miscellaneous between 1948 and 1952.
2
Includes aviation, previously included with industrial and miscellaneous.
3
Includes radio, previously included with industrial
and miscellaneous.
General obligations: Bonds secured by the full faith,
credit, and taxing power of the issuer.
Revenue bonds: Obligations secured solely by some
specific revenue source of the issuer, such as revenue
from utilities, from tolls collected by toll authorities,
from rental payments of public building authorities,
or from all or part of the revenue from a specified
tax or taxes.
Public Housing Authority bonds: Bonds sold by
local housing authorities pursuant to the Housing
Act of 1949, secured by contracts with the Federal
Public Housing Administration for annual contributions.
U.S. Government loans: Bonds sold to the Housing and Home Finance Agency and loans made under
miscellaneous programs. 20
Special district and statutory authority: Securities
of all special purpose units including some, such as
State toll road authorities, which are included under
"States" in some governmental classifications.
Other (under type of issuer): Securities of municipalities, counties, townships, towns, and school districts,
and before 1957, all small offerings regardless of type
of issuer.
Education: Issues for higher educational facilities
as well as for construction of primary and secondary
schools.
Road and bridges: Issues sold for both toll and free
facilities.
Utilities: Issues for electric light and power systems, sewer and sewage disposal systems, transit systems, and port and airport facilities.
NEW STATE AND LOCAL
GOVERNMENT ISSUES
Table 24 presents data on gross sales of longterm State and local government bonds by type
of issue and type of issuer and shows issues for
new capital classified by use of proceeds for
the period 1946-63.18 Data for 1946-56 were
compiled by the Federal Reserve from information published in the Bond Buyer; beginning
with 1957, the figures are compilations of the
Investment Bankers Association of America.19
Data represent principal (par) amount of
bonds, warrants, and certificates sold by States,
territories, and insular possessions of the
United States and by their subdivisions. In
addition to offerings to the general public, securities sold to other State and local government
units and to the U.S. Government are included
when reported. Coverage is the same for the
18
Long-term securities are those with an original maturity
of more than 1 year except that revenue anticipation notes
with maturities of more than 1 year are excluded.
19
Total new issues (new capital and refunding) shown in
Table 24 for the period 1952-56 are identical, except for
rounding, with the total for U.S. State and local issues shown
in Table 23. For other periods, these totals differ slightly
primarily because of statistical discrepancies in series compiled
by different organizations.
20 Federal loan data are not available separately before
1952, although small amounts are probably included in other
categories. Beginning with 1957, the coverage of such loans
is considerably broader, although still incomplete.
23
Additional adjustments are made in the
series on gross proceeds from new offerings as
follows:
Housing: Issues for construction of residential
housing units and for urban redevelopment.
Veterans' aid: Issues for payment of bonuses for
loan programs for veterans.
Other: Issues for health and welfare, recreation,
flood control, administrative and office buildings, industrial buildings for lease to private corporations,
and so forth, as well as multipurpose issues, and,
before 1957, small unclassified issues.
Except for veterans' aid and refunding issues, proceeds of most of the issues are used primarily to
finance construction, including land acquisition, of
facilities to provide the type service indicated by the
classification.2 *
Amounts added: (1) Sales to the general public
of securities held by affiliated companies or by U.S.
Government agencies. (2) Private sales of securities
to foreigners. (3) Sales to employees.
Deductions: (1) Security sales of foreign companies. The net change series is for domestic companies only, while the new issue series is for issues
sold in the United States, whether domestic or
foreign. (2) Estimates of securities offered but not
sold. (3) Any additional cash received in connection
with conversions. (4) Sales of securities to other
corporations.
Other: Proceeds are converted to a delivery-date
basis (that is, the date the issuer receives the funds)
from an offering-date basis for all public offerings
(private placements are already included on a delivery-date basis).
NET CHANGE IN CORPORATE
SECURITIES OUTSTANDING
Table 25 presents SEC estimates of the net
change in domestic corporate securities outstanding annually for 1934-63 and quarterly
for 1948-63.
Type of issue or issuer. The net change is
broken down by type of security (that is, debt
and stock—common and preferred) in Table
25-A and by industry of issuer in Table 25-B
for the years 1948 on. Definitions of these
classifications are the same as those described
in connection with Table 23 except as noted
below.
Method of derivation. Figures for net
changes are derived by deducting estimated
repayments by corporations for securities redeemed (retired) from estimated gross proceeds (as shown in Table 23) received by
corporations from sales of securities in the
same period, after making certain adjustments.
Deductions are made for retirement of securities of the type covered regardless of the source
of funds used for this purpose—that is, whether
from sale of new securities, from bank loans,
from internal funds, and so forth. Adjustments
are made between stocks and bonds outstanding when one type of security is exchanged for
the other as a result of conversion, recapitalization, mergers, and so forth.
Beginning with 1948, data are shown for net
changes in outstanding securities of investment
companies. In the table showing net change by
type of issue, these data are shown separately
as well as in the total for all securities
and in the breakdown by type of issuer they are
included with the real estate and financial
group. These statistics on investment companies represent all types of companies including open-end mutual funds, closed-end companies, face-amount-certificate companies, and
certain unit plans. Excluded are certificates
issued under contractual plans for investment
in shares of open-end mutual funds on an instalment basis, because the amounts of such
underlying shares issued are covered in the
statistics of open-end mutual fund sales. Initial
issuance of shares by "tax free exchange" funds
are excluded from the figures. Sales of issues
include estimated sales load and distributions
of capital gains that are reinvested.
The SEC indicates that these data are not all
inclusive, but it believes that omissions of new
issues and retirements are small in relation
to total volume covered, particularly in the
postwar period.
21
The Investment Bankers Association publishes additional
detail for some of these categories.
24
INSTITUTIONAL INVESTORS
Financial institutions other than commercial
banks perform an important role in credit and
capital markets by mobilizing the savings of
individuals and channeling these funds among
various types of investments. As a result, the
flow of savings to these institutions and the
allocation of these funds to various investments
are important determinants of interest rates and
prices of securities.
Tables 26-28 present selected balance sheet
data for three major types of financial institutions—mutual savings banks, savings and loan
associations, and life insurance companies.
These were selected for presentation from
among the various types of intermediaries both
because of their importance in the capital markets and because of the availability of reliable
data on a monthly basis for a considerable
number of years. Tables 29 and 30 show data
on assets of pension funds, supplied by the
Securities and Exchange Commission.
restrictions vary somewhat among States, the
following major types of investment are generally permitted:
U.S. Government securities.
Federal agency securities (not guaranteed).
Securities of State and local governments in the
United States, provided the issuer meets certain requirements relating to geographic location, population, debt/assessed value ratio, earnings, and so forth.
Securities of Canadian Government and of international organizations payable in U.S. funds that meet
specified requirements.
Corporate bonds, limited generally to those of investment grade and/or of issuers that meet specified
requirements relating to size, earnings, debt service
coverage, and so forth.
Corporate stocks, provided the issuer meets the
specified financial requirements. Generally there is a
limit on aggregate holdings of stocks, and this limit
is usually a relatively small proportion of deposits
or of surplus.
Mortgage loans (generally first liens only) with
some restrictions relating to the geographic location
of the borrower, except for loans underwritten by the
U.S. Government.
Types of assets and liabilities shown. The
following paragraphs describe the principal
assets and liability categories shown. More detailed breakdowns of some items are available
from the compiling organization.
MUTUAL SAVINGS BANKS
Table 26 presents data compiled by the National Association of Mutual Savings Banks on
the assets and liabilities of all mutual savings
banks in the United States; the figures are
for end-of-year, 1945-63, and end-of-month,
1947-63. Mutual savings banks are mutual
thrift institutions chartered by individual States,
primarily those in the northeastern part of the
United States. They have no capital stock
or stockholders. Incorporators provide initial
guaranty and expense funds, and under stated
conditions these funds may be returned to
them out of subsequent earnings. Most deposits in mutual savings banks take the form
of passbook savings. After expenses of operations are paid, all earnings are either distributed as interest to depositors or added to
reserves (surplus).
Types of investment permitted. Investments
of mutual savings banks are subject to limitations imposed by the State of charter. Although
Loans are net of valuation reserves. Mortgage
loans: Those secured by a mortgage on real property,
including loans guaranteed by the Veterans Administration or insured by the Federal Housing Administration, as well as conventional loans. Other loans:
Primarily instalment loans to individuals for residential
repair and modernization and instalment and singlepayment loans to individuals for personal expenditures
in some States.
U.S. Government securities: Direct and guaranteed
obligations.
State and local government securities: Obligations
of U.S. States and their political subdivisions.
Corporate and other securities: Corporate debt and
equity obligations, certain obligations of the Canadian
Government and its subdivisions and of the International Bank for Reconstruction and Development and
Federal agency issues not guaranteed by the U.S.
Government.
Cash assets: Vault cash, balances with other banks,
and cash items in the process of collection.
Other assets: Real estate, including bank premises,
and furniture and fixtures.
Deposits: Represents primarily passbook savings
deposits, but also includes small amounts of other time
25
deposits and of demand deposits in the few States permitting savings banks to offer such deposits. Deposits
may also be classified in a slightly different manner. For
example, in the reports of the National Association
of Mutual Savings Banks, the bulk of accounts are
classified as regular accounts, but there are also
special accounts consisting primarily of Christmas
and other club, industrial payroll, and school savings
accounts.
holders of shares are owners rather than creditors, as* are depositors in banks.
The remaining 771 State-chartered associations had some form of permanent stock ownership. These associations were located primarily in four States—California, Texas, Ohio,
and Illinois.
Investments of associations are subject to
restrictions imposed by the chartering government. In general, Federally chartered associations, which in recent years have held
somewhat more than half of the assets of all
associations, may invest in U.S. Government
obligations, securities of the Federal home loan
banks and the Federal National Mortgage
Association, loans secured by the share accounts of association members, and first
mortgage loans on real estate. Collateral for
the latter must be geographically located within
the association's regular lending area (generally
within 50 miles of its home office prior to
1964, 100 miles thereafter), except that this
restriction is relaxed when the mortgage loan
is Federally underwritten. Federal associations
have no general authority to purchase corporate securities or to make consumer or business loans not secured by real estate. With
the Housing Act of 1964, however, their authority was broadened to permit investment
in (1) general obligation bonds of State and
local governments, (2) participation or other
instruments of, or fully guaranteed by, the
Federal National Mortgage Association or any
U.S. agency, and (3) loans to college students
for their education.
State-chartered associations are subject to
limitations that are similar, but generally less
restrictive, than those imposed on Federally
chartered associations. In some instances they
have authority to invest in corporate and in
State and local government bonds, and the
geographic area where they may lend is larger.
Types of assets and liabilities shown. The
following paragraphs describe the asset and
liability categories shown.
Monthly data for other loans, cash assets,
other assets, other liabilities, general reserve
accounts, and total assets and liabilities are not
available until June 1947. In addition, monthly
figures on holdings of State and local government securities and of corporate and other
securities are not available separately until
December 1951. General Reserve accounts and
other liabilities are also combined for the
period July-November 1947. The data shown
were compiled from reports submitted to the
National Association of Mutual Savings Banks.
They may differ slightly from other published
data compiled on the basis of reports filed with
Federal and State bank supervisory agencies on
a less frequent basis.
SAVINGS AND LOAN ASSOCIATIONS
Table 27 presents estimates prepared by the
Federal Savings and Loan Insurance Corporation on the assets and liabilities of all savings
and loan associations in the United States. The
figures are end-of-year 1945-63, end-of-quarter
1950-54, and end-of-month 1955-63.
Types of associations. Savings and loan associations—also known as cooperative banks,
building and loan associations, and savings
associations—are thrift associations chartered
by individual States or by the U.S. Government. Of the 6,248 associations in operation
at the end of 1963, 4,419 were insured by the
FSLIC; 1,968 were Federally chartered (all
insured by FSLIC) and 4,280 were Statechartered. All of the Federally chartered associations and 3,509 of the State chartered were
mutually owned. Such associations accept deposits in the form of share capital. These are
legally considered shares in the association, and
26
Types of companies and investments. Life
regulations of other States in which they are
licensed to do business. Although these regulations vary, insurance companies are generally
authorized to hold a wide variety of investments provided the investments meet specified
quality standards and provided the companies
stay within certain restrictions as to the aggregate invested in certain types of securities.
The most significant change in recent years
in regulations governing life insurance company investments has concerned common
stocks. For many years companies doing business in New York State had been prohibited
from owning common stocks, but during the
period since 1951 this regulation has been liberalized. The result is that by early 1963 life
insurance companies were permitted to own
common stock up to 5 per cent of their assets
or 50 per cent of their surplus.
The values shown in Table 28 for end-ofyear dates are in accordance with State regulations for annual statements, with investmentgrade bonds valued at amortized cost, and
stocks and unamortizable bonds valued at endof-year market value. Monthly figures are based
on book value of ledger assets, with adjustments for interest due and accrued and for differences between market and book values
generally included in the figures for total assets
and for other assets.
Types of investments shown. The following
paragraphs describe the asset classifications
shown; in most instances the Institute of Life
Insurance publishes breakdowns of the categories shown in the table.
insurance companies are chartered by individual States. They may be mutual—the more
important group in terms of assets—or capital
stock companies. Legal reserve companies are
those operating under State insurance laws
specifying a minimum basis for the reserves
that a company must maintain on policies in
force.
Life insurance company investments are governed by the laws and regulations of the State
that charters the company and also by the
U.S. Government securities: Direct and guaranteed
obligations.
State and local government securities: Obligations
of U.S. States and their subdivisions.
Foreign government securities: Securities of foreign central governments and their subdivisions, as
well as securities of international organizations.
Business securities: Bonds: Long-term bonds, notes,
and debentures of both domestic and foreign corporations, short-term commercial and finance company
paper, and securities of U.S. Government agencies not
guaranteed by the U.S. Government. Stocks: Common
and preferred stocks of both domestic and foreign
corporations.
Mortgages: All first mortgage loans on real property; before 1958; mortgages are shown net of mortgage pledged shares, and asset items will not add to
total assets and liabilities because the latter are shown
gross—that is, without deduction for pledged shares.
Beginning with January 1958, both mortgage loans
and total assets are shown on a gross basis.
U.S. Government securities: Direct and guaranteed
obligations.
Cash: Vault cash and bank deposits, including
deposits with Federal home loan banks.
Other assets: Nonmortgage loans, obligations of
Federal home loan banks and of the Federal National
Mortgage Association, real estate owned and sold
on contract, furniture and fixtures, and any corporate
or State and local government securities held by
State-chartered associations.
Borrowed money: Advances from Federal home
loan banks, loans from commercial banks, and any
other borrowed funds.
Loans in process: Undisbursed portions of closed
loans included in assets.
Before 1950, data for most items are estimated on the basis of annual reports only. Beginning with 1950, data are estimated on the
basis of monthly reports from insured associations and of annual reports from noninsured
associations. Data on reserves and undivided
profits, loans in process, and other liabilities
are not available separately for most months
before 1959.
LIFE INSURANCE COMPANIES
Table 28 presents estimates prepared by the
Institute of Life Insurance for assets of all U.S.
legal reserve life insurance companies. Statement-value figures are shown for end-of-year
dates 1945-63, and book-value figures for endof-month dates beginning with 1947.
27
of corporate bonds, and, starting in 1962, net
sellers of municipal obligations. For the most
part these funds are still prohibited from purchasing corporate stocks, and at the end of
1963 their mortgage holdings were still small.
Corporate pension funds. Generally speaking, pension benefits for employees of most
small firms are acquired through the purchase
of insurance contracts either for each employee
separately or through a blanket contract for all
employees combined. These reserves are commingled with the other reserves of life insurance companies; the investment holdings of
these companies are shown in Table 28. The
funds of most large corporations, however, are
usually not insured, and responsibility for making over-all investment decisions rests with
trustees. Usually the trustees of these funds
are appointed in equal number by management
and union, but in some cases all trustees are
appointed by either management or union.
Over the years the investment policies of
these funds have shifted. Initially their reserves
were invested primarily in U.S. Government
and high-grade corporate bonds acquired in the
public market. But in recent years most funds
have become very important purchasers of
common stocks. Now they rank second only
to investment companies as holders of such
securities—and their current rate of growth
in such holdings is larger than that of investment companies. On the other hand, there are
still a few funds that do not permit investments
in common stocks. Another important recent
development is the acquisition of corporate
debt issues directly from the issuer.
Since the beginning of 1955, the Securities
and Exchange Commission has collected annual data on the investments of noninsured
corporate pension funds. Figures on a marketvalue basis begin with 1955, but those on a
book-value basis (usually cost of acquisitions)
cover the period beginning with 1951. Both
of these series are shown in Table 30 for the
years through 1963.
Mortgage loans: All loans—both Governmentunderwritten and conventional—secured by real property.
Policy loans: Loans to policy holders secured by
the cash-surrender value of insurance policies.
Real estate: Both company-used and investment
properties.
Other assets: Cash and bank deposits, due and
deferred premiums, equipment leasebacks, collateral
loans, accounts receivable, and, for the monthly figures, adjustments for interest due and accrued and
for changes in the market value of investments.
PENSION FUNDS
Although some employers set up funds in the
early part of this century into which they
made contributions for retirement pensions for
their employees, the sharp growth in pension
fund reserves has been a post-World War II
phenomenon. There are two broad types of
pension funds: public—those trust funds established by Federal legislation with the U.S.
Government as a trustee, and funds established
by State and local governments; and private—
largely for employees of private corporations.
Public pension funds. Most of the public
pension fund systems administered by the Federal government grew out of legislation enacted
during the early 1930's. Contributions to these
funds are made by both employer and employee. Coverage as well as benefits of these
Federally administered funds have been
broadened over the years, and at the present
time almost all working adults are covered by
one of the programs. All reserves of these
public pension funds are invested in U.S. Government securities.
Although most employees of State and local
governments are now covered under Federal
Old Age and Survivors Insurance, many are
also covered by funds set up by these governmental units. (See Table 29, page 182.) Until
the late 1950's the reserves of most of these
funds were invested largely in Federal and
State and local government securities. But since
then regulations governing their investments
have been extensively liberalized in most States,
and they have become very important buyers
28
KEY TO SYMBOLS USED IN TABLES
Zero;
Amounts insignificant in terms of the
particular unit (e.g. less than 500,000
when the unit is millions); or
No figure to be expected (e.g. one or
more series in a table may start at a
later date than others shown).
Minus signs are used to indicate a decrease.
29
1. FEDERAL RESERVE BANK DISCOUNT RATES ON LOANS TO MEMBER BANKS
A. ADVANCES AND DISCOUNTS UNDER SECTIONS 13 AND 13a, 1941-63
[Per cent per annum. Figures in parentheses indicate day of month new rate became effective]
Year and month
Boston
New
York
Philadelphia
Cleveland
Richmond
Atlanta Chicago
St.
Louis
Minneapolis
1941—In effect Jan. 1.
Kansas
City
Dallas
1*4
1942—Feb..
Mar..
Apr..
(21)
(14) 1
(21) 1
San
Francisco
1*4
(28) 1
(14) 1
(ID
(28) 1
(11) 1
(21)
(4) 1
1950—Aug..
:i4) 1 ^ ( 1 2 ) 11/4(12)
(12) 114
12)
(12)
4 (19) l J 4 d 2 )
(12) WA (12)
(15) 114
"
:i3) 1% (13) 1%(23) 1V4O3) 1V4 (13)
19)
(13) 1V4
(13) lii
(13) P/4 (16) 1V4 (13)
2D 1*4(21) 1*4(25) 1*4 (25) 1*4 (25) 1*4 (24) 1*4(25) 1*4 (23) 1*4(22) 1*4(25) 1*4(25) 1*4 (24) 1*4
1953_jan..
20)
(16) 2
(16) 2
1954—Feb..
Apr..
May.
(5)
(5) H
(16) 11/
(5) 1
1955—Apr..
May.
Aug..
Sept..
Nov..
15) 1%(15) 1*4(22) 1*4 (15) 1*4 (15) 1*4
1948—Jan..,
Aug..
1956—Apr..,
Aug..
1957—Aug..
Nov..
Dec...
1958_Jan...
Feb..,
Mar..
Apr...
May..
Aug..
Sept..
Oct...
Nov..
1959—Mar..
May.
June.,
Sept..
(4) 2
13)
22)
(5) 2
(21)
(5) 2
(9) 214 (2)
(18) 2 i 4 (18)
2*4(13) 2*4
" (24) 3
31/4(23) 31/2
" (15) 3
(23) 2
28) 2*4 (24) 2*4
(16)
(16) 2
(16) 2
(5)
(23)
(5)
(29)
(12) 1*4(15) 1*4 (5) 1*4
4 ( )
(23) 1 ^ ( 2 3 )
(16) li/4
(22) 1*4(15) 1*4 05) 1*4(14) 1*4(15) 1*4 (22) 1*4
(2) 1*4
(4) 2
(4) 2
(8) 2
(6) 2
(5) 2
(5) 2
(26) 214
(30) 214
(12) 214 (9) "214
(9)"'214
(9) 214
(9) ' 214
17\ 21^(18) 21,4(18) 2 ^ ( 2 2 ) 2% (21) 2" (21) 2% (23) 2 % 18) 2i/ 2
(18) 21/4(22) TLA
(21) 2%
(4) 214 (12) 2
(6) 3
•11) 4 '
1963—July
17) 31/4 17)
12) 3
(13) 3
(5) 2 (12) 2
(5) 2
31) 21/2 (24) 21/4 (24) 21/2
(29) 2
(4)
16) 3
(14) 2*4
(14) 214 13) 214
(9) 1*4 (1) 1*4
15) 2
22) 2
24) 21/2
(6) 21/2
12) 3
(6) 3
29) 31/2
11) 314
11) 4
11) 4
(17) 31/2 17) 31/2 24) 31/2 19) 31/4 17) 31/4 17) 31/2 26)
17) 31/2 19) 31/2
19)
31/2
(13) 3
(24)
(7) 2*4
(7) 21/ (14) 21/ (21) 214 (14)
(18) 1*/ (18) 1*/ (18) 1*4 (25)
(6) 3 (13) 3 (16) 3 (13)
29) 31/4 (29) 31/4 (29) 31/4
31/2(12)
12) 31/2 (2) 31/2
(5)
11) 4
11) 4 (14) 4 (11)
D
• ( (II D 4
11) 4
14) 4
3
31/4 (10) 31/2 10) 31/2 13) 31/2 10) 31/2 10) 31 10) 31/4 (10)
19) 3
3 (12) 3
15) 3 (12)
12) 3
16) 3
19) 3
(6) 3
(2) 31/4 29) 31/4 (5)
18)
14) 4
31/4
(13) 2*4 (13) 2*4 13) 3
(28) 3
(31)
2*4 (24) 2*4 (24) 2*4 (28) 2*4 (24) 2*4 (24) 2*4
:ii) 214 (7) 2 . . (7) 214 (14) 21/ (14) 214 10) 214
22) 134 (18) 1*4 18) 1*4 (25) 1*/ (25) 1*4 22) 1*4
26) 2
2 (12) 2 (12) 2
12) 2
;23) 2
21/4(30) 21/4 (24) 21/4
(4) 2i/ 2 (7) 21/4
10) 3
(23) 2
(20) 2
(16)
(19) 31/4(13) 31/2 (9) 31/4(21) 31/4 (9) 3V4 (9) 31/4 (13) 31/4 15) 31/4
(9) 31/4(23) 31/4(19) 31/
(22) " (29) 3 (15) 3 (15) 3 (29) " (15) 3 (22) 3 (22)
(15) 3
29) 3
(2) 3
.14) 31/4
(3)
10) 31/4 19)
:23) 3
31/2
31/4
31/4
NOTE.—A rate of 1 per cent on advances secured by U.S. Government
securities was in effect Jan. 1, 1941, at the Federal Reserve Banks of Atlanta, Chicago, St. Louis, Kansas City, and Dallas, and continued until
the regular discount rate was reduced to 1 per cent in February, March,
or April, 1942.
A rate of i/4 of 1 per cent on advances secured by U.S. Government
securities maturing or callable in 1 year or less was in effect at all Federal
(16) 2
(15) 1* (12) 1*4 (9) 1*4 (11)
(14)
(23) 11/
(15)
(15)
(13) 2*4 (13) 2*4(13) 2*4(13) 2*4 (20) 2*4 (13) 2*4 (13) 3
. .
- • •
"
—"
(24) 3 ( 2 7 ) 3 (24) 3 (28) 3 (24) 3 (28) 3
I960—June.
Aug..
Sept..
1963—In effect Dec. 31.
(16) 2
31/4
31/2
31/4
10) 31,4 (3) 314
(9) 3
(2) 3
31/2
Reserve Banks from various dates in October 1942 t o various dates in
April and M a y 1946, as follows: Established—Oct. 15, 1942, Atlanta;
Oct. 17, Philadelphia, Chicago, Dallas; Oct. 27, Boston, Cleveland, St.
Louis, Kansas City; Oct. 28, Richmond, San Francisco; Oct. 30, N e w
York, Minneapolis. Eliminated—Apr. 25, 1946, N e w York, Philadelphia,
San Francisco; Apr. 26, Chicago, St. Louis, Minneapolis; Apr. 27, Boston,
Kansas City; May 3, Cleveland; M a y 10, Richmond, Atlanta, Dallas.
31
1. FEDERAL RESERVE BANK DISCOUNT RATES ON LOANS TO MEMBER BANKS — Continued
B. ADVANCES UNDER SECTION 10(b), 1941-63
[Per cent per annum. Figures in parentheses indicate day of^month new rate became effective]
Year and month
Boston
New
York
Philadelphia
Cleveland
Richmond
Atlanta Chicago
St.
Louis
Minneapolis
Kansas
City
Dallas
San
Francisco
1941—In effect Jan. 1.
1942—Mar..
Aug..
Sept..
Oct..
(27) P/ 2 (30)
1948—Jan..
Aug..
(14)
(13)
iy 2 (17)
(14)
(29)
(12)
(28) 1 ^ (15) li/ 2
(30)
1950—Aug..
1953—Jan..
(20) 2i/ 2 (16) 21/2 (16) 2Vi(16) 2 ^ ( 2 3 )
1954_Feb..
(5) 214 (5)
(27) 2 (16)
^y!
Sept..
214
2
(5) 214(15) 214(12) 214 (9)
(23)
(21)
2
2
(15)
(15)
214 (15)
214 (22)
214 (15)
214 (15)
(4)
21/2 (5)
21/2 (5)
21/2 (4)
234 (12)
(13)
(22)
234 (9)
3 (18)
234 (2)
3 (18)
234
1956—Apr..
Aug..
(13)
(28)
314 (13). 314 13)
31/2 (24) 3% !24)
1957_Aug..
Nov..
Dec.
(13)
(19)
4 (23)
31/2 (15)
1958—Jan.. .
Feb...
Mar..
Apr...
May..
Aug..
Sept..
Oct.. .
Nov..
(28)
314 (24)
314 (22)
314 (24)
(11)
(22)
234 (7)
214 (18)
234 (7)
214 (18)
234 (14)
214 (25)
(23)
2 ^ (12)
(4) *3" (7)
1959_Mar..
May.
June.
Sept..
(10) 31/2 (6)
(29)
)"4 '
I960—June.
Aug..
Sept..
(14)
(23)
1963—July
(17)
2
(15)
214 (11)
134 (19)
(13)
2
(22)
21^(16)
21/2
(5)
(29)
2
214
2
(11)
4 (10)
31/2 (12)
(17)
(18)
3
(9)
(22)
214 (15)
214 (15)
(2) 214
2% (4) 21/2 (4)
(26) 234
234
(9)
(18) 3 (18)
3
2% (8)
(30)
234
3 (22)
(6)
15)
[29)
4
31/2
314 (24)
314 (28)
314 (24)
314 (24)
314
234 (14)
214 (25)
234 (10)
214 (22)
(7)
(18)
(10)
(12)
4
4
(19)
21/2
(9) 4 (13)
4
31/2 (22) 31/2
(2)
4
(9)
31/2(22)
(10)
(12)
21/2 (5)
31/2
(21)
31/2(15)
(12)
(11)
214
2% (5)
13)
4
(9)
31/2 (29)
(12)
(11)
214
(15)
2% (5)
314 (13)
31/2 (28)
4 (13)
31/2 (15)
(5)
4V4 (18)
4
(3)
31/2 (19)
214
2
31/2 (13)
(31)
4 (19)
31/2 (15)
3% (16)
214 (5)
2 (16)
(23)
(13)
(23)
(9) 4
31/2 (22) 3% (29)
31/2 (13)
(12) 214 (15)
234
3
31/2
3i/ 2 (13)
21/2
(9)
18)
314 (13)
. .
31/2(28)
3% (6)
4
214
(16) 21/2(23) 21/2 (20)
234 (9)
3 (23)
314 (20)
3% (24)
(26) 2%
21/2
(5)
3
(28) ' 3 " (31)
(16)
(25) 214(25) 214 (24)
(9)
(21)
314 (13)
31/2 (28)
(12)
(24)
....
(24)
(14) ' 2 % (21)
(18) 214(18)
(14)
214 (25)
(29)
21/2 (12)
3 (24)
4
AVt
4
VA
4
4
(17)
4
(17)
31/2(13)
4
(29)
4
(2)
4i/2 (14)
4 (13)
31/2 (16)
4
(10)
3% (19)
4 (10)
3% (19)
4
4
4
4
4
32
(24)
4
(19)
314
(14)
234 (14)
214
(9)
2% (22)
21/2 (5)
3
(24)
(24)
(4)
3% (6)
(29)
4
41/2 (11)
31/2 (16)
4 (29)
234
214
21/2
3
(6)
3
3% (6)
12)
31/2
4
4i
01)
11)
11)
4
AVi
(3)
4
AVt (11) 41/2 (14)
(10)
(15)
4 (10)
314 (12)
(10)
(17)
4
(26)
(17)
31/2
13)
214 (1)
2% 15)
3
3% (13)
4
(5)
AVi (11)
(17)
lfc
234
314 (13)
31/2 (24)
2% (12)
(30)
3
(28)
d ) 134 (15) 134
(13) 2 13) 2
(12)
(21)
314 (13)
31/2 (27)
2% (19)
(24)
3
11/2(17)
214
2
(22)
214
214
(16)
214 (5)
(23)
(13)
1955—Apr...
May.
Aug..
Sept..
Nov..
1963—In effect Dec. 31.
21/2(16) 21/2 (16)
11/2 (27)
(12)
134(12) 134(12) 134(12) 134 (12) 134 (12) 1*4 (12)
(13) 2 (23) 2 (13) 2
(13) 2 (13) 2 (19)
(21) 214(21) 214(25) 214 (25) 214 (25) 214 (24) 214 (25) 214 (23)
(29)
(9)
(2) 3%
19) 4
4
2. FEDERAL RESERVE BANK DISCOUNT RATES ON ADVANCES TO OTHERS THAN MEMBER BANKS
SECURED BY DIRECT SECURITIES OF THE UNITED STATES
(Last Paragraph of Section 13)
A.
INDIVIDUALS, PARTNERSHIPS, OR CORPORATIONS OTHER T H A N MEMBER BANKS, 1933-63
[Per cent per annum. Figures in parentheses indicate day of month new rate became effective]
Year and month
1933
1934
New
York
Boston
Mar
Apr..
Oct
Philadelphia
(23) 4i/2 (13) 41/2 (13)
(2) 4
(20) 4
Feb
Mar
(8)
4ft
Cleveland
Richmond
Atlanta
Chicago
St.
Louis
(14) 4i/2 (16) 41/2 (13) 4ft (14) 4i/2 (15)
4ft
(15)
(20) 4
(16) 4
(21) 4
Dallas
(23) 41/2 (16)
(11)
(16)
4ft
(23) 4
(12) 4
(10)
3i/2
(23)
2ft
(1)
(27) 2
(30)
2ft
3ft
(16) 21/2 (16)
(8)
1939—Sept
2ft
3
2ft
(17) 2
(27) 2
(28)
2ft
(15)
2
(17)
2
(14) 3
(27) 2
1946—Mar
(30)
2ft
(28)
2ft
(20)
3
(9)
(18)
(17) 2
(27) 2
VA
(23) 2
1948—Jan
(14)
2ft
(24)
(23)
Aug
2ft
(16)
23/4
2ft
2ft
3
(5)
1955—Apr
(15)
3
(22)
(13)
(22)
(9)
3
(16) 234 (23)
3
(15)
(14) 3
(5) 314 (5)
(9) 3Vi
314
3i/2
3%
314
(22)
3
.
314
(18)
(18)
(13)
(28) 4
4
(13)
(24)
(13)
3ft
31/2 (22)
(27) 4
(24)
31/2 (18)
4
Mar
Apr
May
Aug
Sept
Oct
Nov
.
(23) 414 (9) 4
(15) 3*4
3VA
(24)
31/2
(24) 4
(11)
. .
4ft
(28)
1958—Jan
314 (7)
31/4
(10)
(25) 2*4 (22)
(18)
(12)
(4) 4
1959—Mar
(10)
3ft
(23) 41/2 (19) 41/2 (13) 414
(29)
31/2 (25)
3ft
(12)
(30)
(7) 4
(12)
(24)
2*
4ft
3
3
I*
(28)
(29)
(14)
June
Aug
(14) 414 (10)
(23) 4
July
(17)
(ID
4ft
5
4ft
(5)
(18)
(19)
4ft
4ft
(12) 41/2
(11)
(11)
5
I*
(13)
(28)
I*
(13) 414 (13)
(31)
I*
(13) 334 (13) 4
(28) 4
(9) 41/2 (21) 41/2 (9) 4i/2 (9) 41/2 (13)
(22) 4
(15) 4
(24) 4
(24) 3VA
(7)
(14)
(21)
(18) 2VA
3ft
(14)
(29)
314
(12)
(24)
4ft
3
3ft
(5)
(24)
3J4
(16)
5
(13)
334
334
(1)
(15)
31/2
334
(28)
(4) 4
5
5
5
1963—In eftect Dec. 31
(17)
4ft
4Vi
5
4ft
(11)
4ft
5
(19)
(14)
(ID
5
(17) 41/2 (24)
5
(17) 41/2
5
5
5
41/2
(6) 4
(12)
(10) 41/-, (10) 414 (10) 4 U (10)
(19) 4
(15) 4
(12) 4
(11)
(15) 41/2
3Vi (14) 4
(11)
5
(ID
(3)
(9)
4ft
4ft
4ft
(16) 41/2 (13) 4i/2
(6) 4i/2 (13) 4
(29) A\/
4V2
(14)
(10)
(12) 41/2 (12) 4
(20)
(24)
31/2 (22)
3*
(13) 41/2
June
Sept
5
(28) 4
(26)
(19) 4
31/2 (18)
(13)
(28) 4
(13)
(19)
1957—Aug.
Nov
2ft
31/2
.
Sept
Nov
(14)
2VA
(26)
3
3
234
3
(19) 2i/l
(23)
(18)
(17)
1954—Feb
(12) 21/2 (15)
(24) 2VA
(23)
(16)
(9)
(16)
3
2ft
(13) 2VA
(20)
(20)
(12)
(12)
(13)
(25)
1950—Aue
1953—Jan..
May
July
Aug
1963
4ft
San
Francisco
(19) 4
(17) 4
(29) 21/2
1942—Mar
Oct
i960
Kansas
City
(23) 4
1938—Apr
Oct
1956—Apr
Aug.
4ft
(19) 4
3i/2
1935—Feb
May
AUK.
Minneapolis
4ft
5
Aft
AIX,
4V2
(26) 41/2
4
4ft
41/2
4ft
B. SPECIAL RATES T O N O N M E M B E R BANKS, 1939-46
[Per cent per annum. Figures in parentheses indicate day of month new rate became effective]
Year and month
1939
Aug.. .
.
Sept
Boston
f
New
York
Cleveland 1
(1)
(1) \ft (1) Ift
(25) 1
j (1) 1
1942—Mar
Apr..
1946_Mar.2
Apr.2
Philadelphia
lft
Richmond
Chicago
(1) lft (1) 1
(16) 1
St.
Louis
(1) 1ft
(16) 1
(14) 1
(21) 1
Minneapolis
(1)
Kansas
City
1ft (1)
(16)
lft
1
Dallas
(29)
(23)
(9)
San
Francisco
(1) lft (1) Wz
(16) 1
(28) 1
(4)
(11) 1
(16)
(16)
(16)
(6)...!.
(16)
(23)
2
33
Rate eliminated,
1
(16)
(13).. .
1
A special rate (2ft per cent) to lenders other than t a n k s was in effect
until Apr. 10, 1942, when it was eliminated.
Atlanta
(25).'.'.!!
3. FEDERAL RESERVE BANK RATES ON INDUSTRIAL LOANS AND COMMITMENTS, 1941-59
[Per cent per annum]
New
York
Boston
Effective date
Philadelphia
Cleveland
Richmond
Atlanta Chicago
St.
Louis
Minneapolis
Kansas
City
Dallas
San
Francisco
4-6
4-6
Rates to industrial or commercial businesses
3%-6
1941—In effect Jan. 1
4-6
3%-6
1942—Mar. 21
May 8
June
29
6
4-6
2% 5
2%-5
...
2% 5
1955 Sept
2%-5
4-6
214 5
2%-5
2% 5
2%-5
2%-5
3-5
16
20
23
26
3-5%
3-5%
2% 5
2*4 5
3-5%
3-5%
3-5%
3% 5%
9
3-5%
1956 Apr 13
20
Aug 24
3
3 4-5%
27
1957 May 27
June 5
17
AUK 9
3-5%
-
3% 5%
4-5%
28
31
3*4-5%
3% 5%
4-6
3%-6
3%-6
3*4-6
4-6
3-5%
4-6
2*A 5lA
2% 5
4-6
4-6
3%-5%
3% 6
3%-6
4-6
4-6
3*4-5%
...
4-6
3%-6
4-6
19
21
23
Nov 15
3%-5%
2%-6
n::.:
15
1958 Jan 24
28
Mar 14
Apr 22
Aug 26
Sept 12
19
Oct 28
3-6
2V> 5
1948—Aug. 19
1953 Jan
3%-5%
2%-5
3-6
2%-5
16
20
23
4-6
3%-5
4-6
3% 5%
1959 Mar 16
May 29
June 2
12
4-6
4%-6
4%-6
4%-6
Rates to financing institutions on discounts or purchases—on portion for which financing institution is obligated
3
1941—In effect Jan. 1
Feb 1
Sept 27
1942 Mar 2 1 . .
May 8
16
23
29
June 6
2-3
>2*
3
(*)
14
1 3-6
l'A-2
12
(4)
(4)
1-1%
(4)
4
()
2% 5
(4)
1948 Jan. 12
23
Aug 13
19
\yA \yA
(4)
1% 2
\yA 2*A
1950 Aug 23
1953 Jan 16
2-2%
5
\yA 214
1955 Nov 22
2% 3
Feb
1956 Apr 13
20
Aug 28
3-5%
1957 Aug 9
21
Nov 15
3%-6
1958—Jan. 24
For notes see following page.
14
14
3-4
34
(4)
(4)
(4)
(4)
1 5
1947 Nov 24
1954
1 3-6
i 1% 2
3-3%
3%-4
3-3%
3. FEDERAL RESERVE BANK RATES ON INDUSTRIAL LOANS AND COMMITMENTS, 1941-59 — Continued
[Per cent per annum]
Effective date
Boston
New
York
Philadelphia
Cleveland
Richmond
Atlanta Chicago
St.
Louis
Minneapolis
Dallas
San
Francisco
14-6
Kansas
City
4-5
Rates to financing institutions on discounts or purchases—on remaining portion
(i.e., for which financing institution is not obligated)
1941
In effect Jan. 1
Feb 1
3i/i
12-5
(6)
14-6
(7)
13-6
(6)
(6)
1942 Mav 16
23
29
( )
June 6
14
(6)
(6)
6
13-6
(6)
(6)
2Vi 5
(6)
(6)
1 5
1947 Nov 24
(6)
1948 Aus 13
1956—Aor 20
3-51/1
1957 Aug 9
3Vi-6
Rates on commitments
1941—In effect Jan. 1
Feb 1
1942 Mar 21
May 2
Vi-1
1-2
Vi-2
1
1-2
1-2
V$-l
Vi-2
8 1
1-2
.
10 14-114
1014-114
1H4-114
101^-114
Vi WA
Vi WA
VL-WA
5
14-114
1948 Jan 12
1953 Jan. 16
20
loii-iii
VL-WA
VL-WA
VL~WA
14
Vi WA
Vi WA
VL-IVL
12 34-114
VL-WS
10 1^-13/g
i°Vi 1%
23
July
VL-2
VA 2
Vi-2
16
20
Aug. 13
1
8 1
23
29
1944—Oct.
92
3
VL-W%
1956 Apr 13
20
VA WS
^ 1%
Aug 27
13 1 1%
28
11 14 1%
31
VL 1%
1957 Mav 27
Aug
Vi IVi
14 114
9
13 1 \\fc
13
15
19
21
23
Nov 15
A IVi
1959
V> \V>
10
Vi IVi
l O K - l f e
Vi 1%
13 1 \3/g
13 1 II4
13
1-1%
VL lVi
13 1
Vi 1%
1%
13 1 11/4
Mar 16
10
Financing institution is charged one-fourth of 1 per cent on undisbursed portion of loan under commitment.
n Minimum rate on direct loans to industrial and commercial businesses was one-half of 1 per cent.
12 Financing instituion is charged one-half of 1 per cent on undisbursed portion of loan under commitment.
13 Financing institution is charged 25 per cent of loan rate. Charge of
one-half of 1 per cent per annum is made on undisbursed portion. Rate
shown was applicable to direct loans to industrial and commercial
businesses.
1 May charge same rate as charged borrower by financing institution,
if lower.
2 One per cent less than rate charged borrower by financing institution
with minimum of 3 per cent (see note 1).
3
One per cent less than rate charged borrower by financing institution.
4
Rate charged borrower less commitment rate.
5
Rate charged borrower but not to exceed 1 per cent above the discount
rate.
« Same rate as borrower is charged.
7 One-half of 1 per cent less than rate charged borrower but not less
than 4 per cent (see note 1).
8 Minimum charge of one-fourth of 1 per cent.
9
Minimum charge of one-half of 1 per cent.
Vi ivi
Vi ivi
VL WS
28
22
26
12
28
VL-11A
l
1958 Jan 24
Apr
Aug.
Sept
Oct
tt-VA
NOTE.—Section 13b of Federal Reserve Act was repealed effective
Aug. 21, 1959.
35
4.
MAXIMUM RATES ESTABLISHED BY THE BOARD OF GOVERNORS
A.
MAXIMUM INTEREST RATES PAYABLE ON TIME AND SAVINGS DEPOSITS
[Per cent per annum]
Effective date
Type of deposit
Nov. 1, 1933
Jan. 1, 1936
Feb. 1, 1935
2%
Savings deposits held for:
1 year or more
Less than 1 year
}
3
Postal savings deppsits held for:
1 year or more
Less than 1 year
}
3
}
3
Other time deposits payable in:
1 year or more
6 months-1 year
90 days-6 months
Less than 90 days
Jan. 1, 1962
Jan. 1, 1957
July 17, 1963
Nov. 24, 1964
3
4
3%
4
4
3
2ft
{ t»
i t»
4
4
4
1
3
2
1
3
1
2
¥I ;
4
B. LOANS GUARANTEED UNDER REGULATION V
Fee payable to guaranteeing agency by financing institution
on guaranteed portion of loan
(percentage of interest on loan to be paid as guarantee fee)
Maximum rate financing institution may charge borrower
(per cent per annum)
Date established
Percentage of loan
guaranteed
60 or less
65
70
75
80
85
90
95
Over 95..
Date established
Apr. 6,
1942
10-20
10-20
10-20
10-20
20-25
20-25
20-25
30-40
30-40
Dec. 30,
1942
10
•I*
22Vi
i 25-30
30-50
30-50
Sept. 11,
1944
Sept. 27,
1950
10
10
10
10
10
15
20
30
50
10
10
10
15
20
25
30
35
40-50
6,
12,
30,
11,
Maximum
commitment fee
1942.
1943.
1943.
1944.
Sept. 27, 1950.
May 15, 1957.
on average daily unused balance of the maximum principal amount of the
loan or (2) a flat fee of not to exceed $50.00 without regard to the
amount or maturity of the commitment.
1 Range of 25-30 per cent on loans of more than $150,000; 25 per cent
on loans of $150,000 or less.
2
Maximum commitment fee that may be charged borrower by financing institution was (1) one-fourth of 1 per cent per annum to be based
Apr.
May
Aug.
Sept.
Maximum
rate of
interest
36
5. SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY
A. ANNUALLY AND MONTHLY, 1941-63
[Averages of daily figures; per cent per annum]
Period
Prime
coml.
paper,
4- to 6months
Finance
co. paper Prime
placed
bankers'
directly,
accept3- to 6ances,
months
90 days
Stock Exchange
call loans
Month
New
Renewal
.44
.44
.44
.44
1.00
1.00
1.00
1.00
.00
.00
.00
.00
1.49
.94
1.34
1.46
.44
.61
.87
.11
.13
1.00
1.16
1.38
1.55
1.63
.00
.16
.38
.55
.63
1.45
2.16
2.33
2.52
1.58
1.41
1.87
2.16
2.33
1.42
.15
.60
.75
.87
.35
1.63
2.17
2.48
3.06
3.05
1.63
2.17
2.48
3.06
3.05
2.18
3.31
3.81
2.46
3.97
1.97
3.06
3.55
2.12
3.82
1.71
2.64
3.45
2.04
3.49
3.20
4.08
3.20
4.03
1941.
1942.
1943.
1944.
.53
.66
.69
.73
1945.
1946.
1947.
1948.
1949.
.75
.81
1.03
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
1.44
3.85
2.97
3.26
3.55
1960.
1961.
1962.
1963.
1941—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
.56
.56
.56
.56
.56
.54
.50
.50
.50
.50
.50
.55
1942—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
3.54
2.68
3.07
3.40
4.99
4.50
4.50
4.50
3.51
2.81
3.01
3.36
.44
T
4.50
3.72
4.22
.59
.63
.63
.63
.63
.67
.69
1.00
1.00
T
T
1946—Jan..
Feb..
Mar..
Apr..
May.
June.
July. ,
Aug..
Sept..
Oct..
Nov..
Dec.
1947—Jan.. .
Feb..
Mar..
Apr...
May.
June.,
July..
Aug..
Sept..
Oct..
Nov..
Dec.
1948_Jan..
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct..
Nov..
Dec.
T
1949__jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.
Dec.
1943_Jan...
Feb..
Mar..
M*ay.'
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
1944__j a n ...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
1945—Jan..
Feb..
Mar..
Apr..
May.
June.
July.,
Aug..
Sept..
Oct..
Nov..
Dec.
1950—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.
.69
.72
.75
.75
I
1.00
1.00
37
Prime
coml.
paper,
4-to 6months
Finance
co. paper Prime
placed
bankers'
directly,
accept3-toeances,
months
90 days
.75
T
.44
T
.44
.48
.50
.61
.73
.81
.77
.81
.81
.89
.94
1.00
T
Stock Exchange
call loans
New
Renewal
1.00
1.00
T
T
1.00
1.38
1.38
T
T
.88
T
.00
.02
.06
.10
.22
.88
.91
1.08
1.13
1.22
.81
.84
.94
.94
.94
1.05
1.38
1.45
1.38
1.45
.30
.38
T
1.25
1.06
1.50
1.50
T
t
1.06
1.14
1.19
1.50
1.56
1.63
.As
1.47
1.54
1.56
1.25
1.38
1.50
1.50
1.56
1.63
T
T
T
1.56
1.43
1.38
1.38
1.38
1.33
1.50
1.43
1.38
1.19
1.07
1.06
T
T
1.31
t
1.42
1.65
1.72
1.69
1.72
1.38
1.40
1.50
1.50
1.50
1.16
1.31
1.31
1.31
1.31
1.63
1.63
5. SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY — Continued
A. ANNUALLY AND MONTHLY, 1941-63 — Continued
[Averages of daily figures; per cent per annum]
Month
Prime
coml.
paper,
4-to 6months
Finance
co. paper Prime
placed
bankers'
directly,
accept3- to 6ances,
months 90 days
Stock Exchange
call loans
Month
New
Renewal
2.00
2.00
2.00
2.00
2.13
2.25
2.00
2.00
2.00
2.00
2.13
2.25
T
T
1951—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
1.86
1.96
2.04
2.11
2.16
2.31
2.31
2.26
2.19
2.22
2.25
2.30
1.63
1.63
1.63
1.75
1.75
1.99
2.00
2.00
2.00
2.00
2.00
2.06
1.37
1.50
1.61
1.63
i
1.63
1.68
i
2.25
2.36
i
2.25
2.36
1952—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
2.38
2.38
2.38
2.35
2.31
2.25
2.25
2.25
2.15
2.13
1.75
2.45
2.38
2.45
2.38
T
T
i
2.38
2.55
2.63
I
2.38
2.55
2.63
T
T
T
T
i
T
T
1.75
1
1
1.82
1.88
1953—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
2.31
2.36
2.44
2.67
2.75
2.75
2.75
2.74
2.55
2.31
2.25
2.13
2.25
2.32
2.42
2.50
2.50
2.50
2.50
2.35
2.13
2.13
1954—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
2.11
2.00
2.00
:
1.76
1.58
1.56
1.45
[.33
1.31
1.31
1.31
[.31
2.06
1.78
1.58
1.50
1.38
1.31
1.25
i
1.25
1.25
1955_jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
1.47
1.68
1.69
1.90
2.00
2.00
2.11
2.33
2.54
2.70
2.81
2.99
1.37
1.50
1.50
1.73
[.88
[.82
1.87
2.02
2.28
2.46
2.53
2.80
1.33
1.38
1.38
1.43
1.50
1.50
1.50
1.67
2.08
2.23
2.17
2.43
1956—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug .
Sept .
Oct..
Nov .
Dec .
3.00
3.00
3.00
3.14
3.27
3.38
3.27
3.28
3.50
3.63
2.88
2.88
2.88
2.93
3.00
3.00
2.94
3.01
3.13
3.37
3.38
T
2.45
2.38
2.38
2.44
2.50
2.45
2.43
2.65
2.88
2.88
3.05
3.35
i
3.38
: 5.48
3.38
3.38
3.27
3.20
3.25
: $.36
1957—Jan ..
Feb ..
Mar .
Apr .
May.
June.
T
i
3.63
: J.79
T
i
1.88
1.68
1.48
1.25
T
;
i
2.63
2.89
3.21
3.25
I
2.63
2.89
3.21
3.25
T
T
T
1
i
3.25
3.13
3.00
3.25
3.13
3.00
T
T
4
i
3.00
3.01
3.34
3.40
3.50
3.55
3.63
i
3.00
3.01
3.34
3.40
3.50
3.55
3.63
3.63
3.63
3.63
4.00
4.00
4.00
4.00
4.18
4.50
3.63
3.63
3.63
3.94
4.00
4.00
4.00
4.14
4.38
T
T
i
4.50
i
4.50
4.50
4.50
4.50
4.38
Prime
coml.
paper,
4-to 6months
Finance
co. paper Prime
placed
bankers'
directly,
accept3- to 6ances,
months 90 days
Stock Exchange
call loans
Renewal
New
1957—July.
Aug..
Sept..
Oct..
Nov..
Dec.
3.88
3.98
4.00
4.10
4.07
3.81
3.63
3.63
3.82
3.88
3.79
3.55
3.38
3.78
3.83
3.75
3.50
3.35
4.50
T
1958_Jan..
Feb..
Mar..
M^iy!
June.
July.,
Aug..
Sept..
Oct..
Nov..
Dec.
3.49
2.63
2.33
1.90
1.71
1.54
1.50
1.96
2.93
3.23
3.08
3.33
3.23
2.18
1.86
1.59
1.38
1.38
1.31
1.52
2.47
2.87
2.75
2.94
3.06
2.30
1.80
1.52
1.30
1.13
1.13
1.65
2.39
2.75
2.75
2.75
4.27
3.88
3.88
3.76
3.50
3.50
3.50
3.50
3.65
3.75
1959__j an ..
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct..
Nov..
Dec.
3.30
3.26
3.35
3.42
3.56
3.83
3.98
3.97
4.63
4.73
4.67
4.88
3.05
3.00
3.22
3.36
3.44
3.66
3.81
3.87
4.52
4.70
4.38
4.82
2.75
2.75
2.88
2.98
3.17
3.31
3.45
3.56
4.07
4.25
4.25
4.47
1960—Jan..
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct..
Nov..
Dec.
4.91
4.66
4.49
4.16
4.25
3.81
3.39
3.34
3.39
3.30
3.28
3.23
5.02
4.50
4.16
3.74
3.88
3.24
2.98
2.94
3.13
3.11
2.91
2.97
4.78
4.44
3.96
3.88
3.78
3.28
3.13
3.04
3.00
3.00
3.00
2.92
1961—Jan..
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct..
Nov..
Dec.
2.98
3.03
3.03
2.91
2.76
2.91
2.72
2.92
3.05
3.00
2.98
3.19
2.78
2.65
2.76
2.58
2.50
2.66
2.50
2.64
2.68
2.79
2.74
2.93
2.86
2.78
2.94
2.84
2.68
2.75
2.75
2.81
2.84
2.75
2.75
2.87
1962—Jan . .
Feb .
Mar.
Apr.
May.
June.
July..
Aug .
Sept .
Oct .,
Nov.
Dec.
3.26
3.22
3.25
3.20
3.16
3.25
3.36
3.30
3.34
3.27
3.23
3.29
3.05
3.00
3.02
3.09
2.95
3.02
3.20
3.12
3.13
3.04
3.08
3.16
3.00
3.00
3.00
3.00
2.91
2.90
3.07
3.11
3.09
3.03
3.00
3.00
1963—Jan . .
FebJ.
Mar.
Apr .
May.
June.,
July..
Aug .,
Sept .
Oct . .
Nov.
Dec ..
3.34
3.25
3.34
3.32
3.25
3.38
3.49
3.72
3.88
3.88
3.88
3.96
3.18
3.13
3.15
3.17
3.15
3.21
3.35
3.57
3.63
3.72
3.75
3.84
3.07
3.13
3.13
3.13
3.13
3.24
3.41
3.59
3.63
3.63
3.71
3.63
38
4*0
T
3.75
3.96
4.19
4.25
4.25
4.75
4.75
4.75
4.75
5.41
5.50
5.50
5.50
5.11
5.00
5.00
4.85
4.50
T
4.io
5.
SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY — Continued
B. WEEKLY, 1941-63
[Averages of daily figures; per cent per annum]
Prime
coml.
paper,
4- to 6months
1941 Jan 4 . . .
11
18... .
.56
T
25
Feb. 1
8
15
22
Prime
coml.
paper
4- to 6months
Week ending—
1942—Jan. 3 . . . .
10
17....
24....
31....
.56
.56
.56
.61
.63
1943—Jan. 2 . . . .
9
16....
23....
30....
t
Prime
coml.
paper,
4- to 6months
.69
T
Week ending—
1944—Jan. 1 . . . .
8
15....
22....
29....
Prime
coml.
paper,
4- to 6moixths
.69
6....
13
20....
27....
Apr 5
19 .
26
.
June 7
14
21 ..
28
.56
.55
.50
July 5
12:..::.
19
26
t
Aue 2 . . . .
9.::::.:
16
Feb. 5
12....
19
26....
Mar. 6 . . . .
13....
20
27....
Mar. 4 . . . .
11....
18
25....
Apr. 3 . . . .
10
17....
24....
Apr
1
May 1 . . . .
8...
15....
22
29....
June 6 . . . .
13
20....
27. . .
.63
.68
.69
T
June 5 . . i .
12
19....
26
June 3
10
17....
24
30
July 3 . . . .
10.
17
24....
31....
July 1 . . . .
8
15
22....
29....
July 7 . . . .
14. .
21
28....
July 4 . . . .
11
18
25....
l15: : :
:
22....
29....
Mar. 3
10....
17
24
31....
1
.69
.74
.75
20..'.'.
27....
Oct. 4
11
18
25 .
Oct. 3
10....
17
24....
31....
Oct. 2
9
16
23....
30....
Nov. 7
14....
21
28....
Nov. 6
13
20
27....
Nov. 4
11....
18
25....
Dec. 5 . . . .
12
19. . .
26....
Dec. 4 . . . .
11
18
25....
Dec. 2 . . . .
9
16
23
30....
Sept. 2
9...
16
23
30....
18
25
1
.69
39
i
.69
.i::-
19
26...
n.:::
Sept. 1 . . . .
8....
15...
22
29...
Oct. 7 . . . .
14
21....
28....
.56
.56
May
18
25....
19.'.'.'.
26
Sep.. 4 . . . .
1
21....
28....
Aug
Aug. 7
14....
21
28
Sept. 5
12 .
19
26. ..
.50
.56
Apr.J....
T
Sept. 6
13:..: .
20
27
.
.75
T
June 2
9....
16
23....
30
7....
14....
21
28....
Aug. 1 . . . .
8
15....
22....
29. . .
23
Prime
coml.
paper,
4- to 6months
Feb. 3 . . . .
10
17
24
Feb. 6
13....
20
27....
May 2 . . . .
9
16....
23.
30....
22
29
Dec. 6
13
20
27 ..
1945_jan.
Apr. 4
11. . .
18....
25....
15.
Nov 1 . . .
8
15
22
29. .
Week ending—
Mar. 7 . . . .
14....
21.
28....
Mar. 1
8
May 3
10...
17
24
31 .
Week ending—
Feb
Week ending—
Oct. 6
13....
20
27....
Nov. 3 . . . .
10
17....
24
Dec. 1
8....
15
22...
29
.75
1
.75
5. SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY — Continued
B. WEEKLY, 1941-63 — Continued
[Averages of daily figures; per cent per annum]
Week ending—
1946—Jan. 5.
12.
19.
26.
Prime
coml.
paper,
4- to 6months
Finance
co. paper Prime
placed
bankers'
directly, accept3-toeances,
months
90 days
.75
.44
T
T
Stock Exchange
call loans
Week ending—
New
Renewal
1.00
1.00
T
T
Feb. 2 .
9.
16.
23.
1947_Mar. 1
8
15
22
29
New
Renewal
.88
.81
1.38
1.38
T
T
T
T
1.50
1.50
June 7
14
21
28
July
18.
25.
.r
19
26
Aug. 2
9
16
23
30
June 1.
8.
15.
22.
29.
Sep.,6
20.
27.
94
20
27.
1.15
1.38
Sep,.7.
21.
28.
Oct. 5.
12.
19.
26.
1.00
1.05
Oct. 4
11
18
25.
Nov. 1.
8.
' 15.
22.
29.
1.00
Aug. 3.
10.
17.
24.
31.
.06
.94
1.03
1.06
Dec. 6.
13.
20.
27.
1948—Jan. 3.
10.
17.
24.
31.
94
Dec. 7.
14.
21.
28.
Feb. 7.
14.
21.
28.
1947—Jan. 4.
11.
18.
25.
.88
Mar. 6.
13.
20.
27.
Feb.
T
Stock Exchange
call loans
May 3
10
17
24
31
Apr. 6.
13.
20.
27.
15.
22.
1.00
Finance
co. paper Prime
placed
bankers'
directly, accept3- to 6ances,
months
90 days
Apr. 5
12
19
26
Mar. 2.
9.
16.
23.
30.
Nov. 2.
9.
16.
23.
30.
Prime
coml.
paper
4- to 6months
1.00
.88
.81
1.38
Apr. 3.
10.
17.
24.
1.38
40
1.38
1.25
1.06
5. SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY — Continued
B. WEEKLY, 1941-63 — Continued
[Averages of daily figures; per cent per annum]
Week e n d i n g -
1948—May 1.
8.
15.
22.
29.
Prime
coml.
paper,
4- to 6months
Finance
co. paper Prime
placed
bankers'
directly,
accept3- to 6ances,
months
90 days
Stock Exchange
call loans
Week ending—
New
1.38
1.25
1.06
1.50
T
T
T
Renewal
.50
T
1949_j u ly 2.
9.
16.
23.
30.
June 5.
12.
19.
26.
Prime
coml.
paper,
4- to 6months
Finance
co. paper Prime
placed
bankers'
directly,
accept3- to 6ances,
months
90 days
Stock Exchange
call loans
New
Renewal
1.56
1.50
T
1.19
1.06
T
1.63
T
1.63
T
1.31
1.56
1.38
1.06
1.31
1.63
1.63
T
20...
27....
Sept. 3 . . . .
10...
17....
24....
July 3 .
10.
17.
24.
31.
Aug. 7.
14.
21.
28.
Oct. 1 . . . .
8...,
15....
22....
29....
Sept. 4.
11.
18.
25.
Nov. 5 . . . .
12....
19....
26....
Oct. 2 .
9.
16.
23.
30.
Dec. 3 . . . .
10....
17....
24....
31....
Nov. 6.
13.
20.
27.
1950—Jan. 7 . . . .
14....
21....
28....
Dec. 4 .
11.
Feb. 4 . . . .
11....
18....
25....
18.
25.
1949_jan.
i.
8.
15.
22.
29.
Mar. 4 . . . .
11....
18....
25....
Feb. 5.
12.
19.
26.
Apr. 1 . . . .
8....
15....
22....
29....
Mar. 5.
12.
19.
26.
May 6 . . . .
13....
20....
27....
Apr. 2 . ,
9.,
16..
23..
30..
June 3 . . . .
10....
17....
24....
July 1 . . . .
8
15....
22....
29....
May 7. .
14..
21..
28..
June 4 . .
11..
18..
25..
AU8
1.56
1.50
1.19
1.63
1.63
41
^::::
19....
26....
5. SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY — Continued
B. WEEKLY, 1941-63 — Continued
[Averages of daily figures; per cent per annum]
Week ending—
Prime
coml.
paper
4- to 6months
Finance
co. paper Prime
placed
bankers'
directly,
accept3- to 6ances,
months
90 days
Stock Exchange
call loans
Week ending—
Prime
coml.
paper
4- to 6months
Finance
co. paper Prime
bankers'
placed
acceptdirectly,
ances,
3- to 690 days
months
Stock Exchange
call loans
1.63
1.63
1.63
1.63
1.73
1.38
1.38
1.38
1.38
1.48
Oct. 7.
14.
21.
28.
1.75
1.75
1.73
1.69
2.25
2.25
T
T
2.25
2.45
2.50
2.25
2.45
2.50
2.50
2.50
2.50
2.40
2.50
2.50
2.50
2.40
Feb. 2 . . .
9...
16...
23...
2.38
2. 38
2.38
2.60
2.63
2.38
2.60
2.63
1.50
T
Nov. 4 .
11.
18.
25.
1.63
Renewal
Renewal
1.63
T
New
1952—Jan. 5 . . .
12...
19...
26...
1950—Sept. 2 .
9.
16.
23.
30.
New
T
1.31
T
T
1951—Nov. 3 . . .
10...
17...
24...
Dec. 1 . . .
8...
15...
22...
29...
Dec. 2 .
9.
16.
23.
30.
.69
.70
.75
.75
1951—Jan. 6.
13.
20.
27.
.75
.75
.94
.94
Feb. 3 .
10.
17.
24.
.94
.94
.94
2.00
Apr. 5 . . .
12...
19...
26...
Mar. 3 .
10.
17.
24.
31.
2.00
2.00
2.05
2.06
2.06
2.06
2.11
2.13
2.13
2.13
2.13
2.16
2.19
June 2 .
9.
16.
23.
30.
2.25
2.31
T
2.25
2.33
2.38
2.00
2.25
1.63
T
June 7 . . .
14...
21...
28...
May 5.
12.
19.
26.
2.00
T
May 3 . . .
10...
17...
24...
31...
21.
28.
2.25
T
1.63
1.63
2.00
2.00
2.00
2.15
2.25
Mar. 1 . . .
8...
15...
22...
29...
July
2.00
2.15
2.25
ii:::
Aug. 2
9
16
23
30
1.75
2.00
Sept. 6
20!'.'.'.'.'.
27
Oct. 4
11
Aug.4.
Oct. 6.
13.
20.
27.
2.25
2.13
19...
26...
July 7.
14.
21.
28.
18.
25.
Sept. 1.
8.
15.
22.
29.
2.38
2.36
2.31
2.31
2.19
18
25
Nov. 1
8
15
22
29
2.19
2.21
2.25
2.00
1.63
2.25
Dec. 6
13
20
27
i
2.25
42
2.31
2.i 3
1.75
2.63
5. SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY — Continued
B. WEEKLY, 1941-63 — Continued
[Averages of daily figures; per cent per annum]
Week ending—
1953—Jan. 3 .
10.
17.
24.
31.
Prime
coml.
paper,
4- to 6months
Finance
co. paper Prime
placed
bankers'
directly,
accept3- to 6ances,
months
90 days
2.31
2.13
T
T
Feb. 7.
14.
21.
28.
I
2.31
2.38
2.38
2.38
Week ending—
New
Renewal
2.63
T
2.63
T
1954—Mar. 6
13
20
27
2.00
2.00
2.00
2.00
Apr. 3
10
17
24
June 6.
13.
20.
27.
2.38
2.38
2.43
2.50
2.55
2.63
2.69
2.69
2.69
2.75
T
2.63
2.78
2.88
3.00
New
Renewal
3.25
3.25
3.10
3.00
3.25
3.25
3.10
3.00
T
3.13
3.13
3.25
1.68
1.63
1.58
1.50
1.63
1.63
1.55
1.25
T
3.00
3.00
June 5
12
19
26
3.
2.38
2.38
2.38
2.45
2.50
Stock Exchange
call loans
1.69
1.64
1.56
T
2.63
2.78
2.88
3.00
2.25
2.33
2.38
Finance
co. paper Prime
placed
bankers'
directly,
accept3- to 6ances,
months
90 days
2.00
1.88
1.69
1.69
2.25
T
18.
25.
May 2 .
9.
16.
23.
30.
Prime
coml.
paper,
4- to 6months
May 1
8
15
22
29
1.75
1.75
1.78
1.88
T
2.13
Mar. 7.
14.
21.
28.
Stock Exchange
call loans
July 3
10
17
24
31
T
AU8
-.I::::::
21
28
July 4 .
11.
18.
25.
is'.!!!!!
29.
25
Oct. 2
9
16
23
30
Sept. 5.
12.
19.
26.
2.75
I
Nov. 6
13
20
27
Oct. 3 .
10.
17.
24.
31.
2.70
2.69
2.52
2.50
2.45
2.50
2.43
2.38
2.28
2.25
Nov. 7.
14.
21.
28.
2.38
2.38
2.25
T
2.16
2.13
T
Aug. 1.
8.
15.
22.
Dec. 5.
12.
19.
26.
Dec. 4
11
18
25
1955—Jan. 1
8
15
22
29
Feb. 5
12
19
26
i
1954_j a n. 2 .
9.
16.
23.
30.
2.25
2.20
2.13
2.13
2.00
Feb. 6.
13.
20.
27.
2.00
2.00
2.00
2.00
1.25
1.30
1.38
T
2.13
1.75
1.75
1.75
Mar. 5
12
19
26
1.83
1.63
1.63
1.63
3.25
43
l.j69
Apr. 2
9
16
23
30
1.88
1.74
1.81
1.86
1.94
1.99
1.50
1.59
1.73
1.75
1.85
1.38
1.48
1.50
5.
SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY — Continued
B. WEEKLY, 1941-63 — Continued
[Averages of daily figures; per cent per annum]
Week ending—
1955—May 7.
14.
21.
28.
Prime
coml.
paper,
4- to 6months
2.00
T
Finance
co. paper
Prime
placed
bankers'
directly, accept3- to 6ances,
months 90 days
.88
.88
.88
June 4.
11.
18.
25.
i
July 2 .
9.
16.
23.
30.
2.00
2.05
2.06
2.14
2.19
.88
Aug.6.
2.29
2.31
2.31
2.35
Sept. 3 .
10.
17.
24.
1.50
T
Stock Exchange
call loans
Week ending—
New
Renewal
3.00
T
3.00
T
1956—July 7
14
21
28
Prime
coml.
paper,
4-toemonths
Finance
co. paper Prime
placed
bankers'
directly, accept3- to 6ances,
months 90 days
3.34
3.31
3.29
3.19
2.97
2.94
2.94
2.94
2.38
2.38
2.43
2.50
.88
.83
.81
.81
Au8
18
25
3.19
3.19
3.25
*3.35
2.94
2.94
2.90
3.10
2.50
2.50
2.60
2.73
.81
.86
3.38
3.50
3.50
3.50
3.50,
3.13
3.13
3.13
3.13
3.15
2.85
2.88
T
3.63
T
Stock Exchange
call loans
New
Renewal
4.00
T
4.00
T
4.00
4.00
4.25
4.38
T
3.35
3.38
T
i?::::::
1.50
3.00
3.03
3.00
3.03
Sept. 1
8
15
22
29
1.98
2.00
2.00
2.00
1.53
1.63
1.68
1.75
3.25
3.35
3.38
3.25
3.35
3.38
T
Oct. 6
13
20
27
2.48
2.50
2.55
2.56
2.20
2.25
2.25
2.30
1.85
2.00
2.13
2.13
3.38
3.38
Nov. 3
10
17
24
I
2.88
3.06
3.13
Oct. 1.
8.
15.
22.
29.
2.58
2.63
2.66
2.74
2.75
2.31
2.38
2.45
2.50
2.50
2.13
2.20
2.25
2.25
2.25
3.48
3.50
3.48
3.50
T
Dec.
3.19
3.26
3.38
T
Nov. 5.
12.
19.
26.
2.75
2.75
2.81
2.86
2.50
2.50
2.50
2.56
2.13
2.13
2.13
2.25
Dec.
2.88
3.00
2.63
2.70
2.84
2.88
T
2.25
2.35
2.48
2.50
2.50
4.35
20.
27.
3.
10.
17.
24.
31.
4.
11.
18.
25.
Feb.
May 5.
12.
19.
26.
3.38
3.38
3.38
3.38
3.38
2.38
2.50
T
3.63
4.00
3.88
3.88
4.00
T
Aug.
2.50
2.40
2.38
4.00
4.00
44
,!::::::
20
27
3
10
17
24
31
4.38
4.50
T
3.13
3.18
3.25
T
I
June 1
8
15
22
29
July
3.00
3.38
3.18
3.13
May 4
11
18
25
3.25
June 2.
9.
16.
23.
30.
2.88
2.98
3.00
4.50
Apr. 6
13
20
27
3.63
3.00
3.05
3.25
T
2
9
16
23
Mar. 2
9
16
23
30
T
Mar. 3.
10.
17.
24.
31.
21.
28.
1957—Jan. 5
12
19
26
2.50
2.50
2.45
2.38
1956—Jan. 7.
14.
21.
28.
Feb.
3/50
3.63
1
8
15
22
29
4.50
T
3.38
3.40
3.55
3.59
3.25
3.30
3.38
T
3.63
i
I
3.88
3.95
4.00
4.00
4.00
3.38
3.53
3.90
3.98
3.88
3.63
4.50
5.
SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY — Continued
B.
WEEKLY, 1941-63 — Continued
[Averages of daily figures; per cent per annum]
Prime
bankers'
acceptances,
90 days
SeDt 7
14
21
28
4.00
4.00
4.00
400
3.66
3.83
3.88
3.88
3.88
3.85
3 75
4.50
Oct
5
12
19
26
4.00
4.09
4.13
4.13
Nov. 2
9
16
23
30
4.13
4 13
4.13
4.04
4 00
3.88
3.75
3 66
3.75
3 66
3.56
3.38
3 38
3.93
3.81
3.75
3.75
3.63
3.58
3.50
3.50
3.38
3.33
3.33
3.38
1958—Jan. 4
11
18
25
3.75
3.68
3 55
3.40
3.50
3.43
3.38
3.13
3.34
3.25
3 13
2.98
Feb 1
8
15
22
3.23
2.83
2.63
2.63
2.90
2.43
2.19
2.13
2.78
2.43
2.38
2.35
Mar 1
8
15
22
29
2 45
2.38
2 38
2 38
2.23
1.98
) 88
( 88
1 88
1.83
2 08
1.88
1 88
1 88
1.63
Apr 5
12
19
26
2.13
7 on
(.88
1.75
1.75
1 74
63
40
1.63
1 63
1.58
1.38
May 3
10
17
24
31
[.75
I 75
1.75
I 70
1.63
38
*
1
1.38
1 38
1.38
1 28
1.13
June 7
14
21
28
(.63
Week ending—
1957
Dec 7
14
21
28
. .
T
1958
T
T
2.88
2.75
2.75
2.75
2.75
6.
13
20
27
3.20
3.38
3.38
3.38
2.75
2.98
3.00
3.00
Jan
3
10
17
24
31
3 31
3.25
3.25
3 33
3.38
3 00
3.00
3.00
3 10
3.13
7
14
21
28
3.30
3.25
3.25
,3.25
3.00
3.00
3.00
3.00
2.75
3.28
3.38
3.00
3.25
3.31
3.31
2.80
2.98
2.88
2.88
3.31
3.31
3.31
3.41
2.88
2.88
2.98
3.05
3.13
3.13
3 13
3.20
3.25
i
1
r
1959
1
4.50
4.13
1.13
1.13
35
! 80
88
1.13
1.15
1.58
1.88
2.13
Sept. 6
13
20
27
2.88
2 88
2.90
3 00
2. 38
2 1R
2.41
2 56
2.25
2 25
2.45
2 50
Oct. 4
11
18
25
3.20
3.25
1 25
5.25
2.84
2.88
2.88
2.88
2.70
2.75
2.75
2.75
3.75
T
T
3.50
3.50
3 50
3.63
3.63
3.44
3 75
3.81
3.88
3.88
3 44
3.51
3.81
July 4
11
18
25
3 88
3.98
4 00
4.00
3 38
3.38
3 48
3.50
3.99
3 89
3.88
3.98
4.10
3.81
3.99
3.50
3 50
3.50
3.59
3.63
Sept 5
12
19
26
4.38
4.50
4.70
4.75
4.31
4.38
4.58
4.63
3.83
3.94
4.10
4.18
Oct. 3
10
17
24
31
4.75
4.75
4.75
4.75
4.68
4.73
4.88
4.81
4.63
4.43
4.25
Nov 7
14
21
28. . :
4 63
4.63
4 65
4.75
4 38
4.38
4 38
4.38
4.25
Dec 5 .
12
19
26.
3.88
3.58
3.i8
June 6
13
20
27
1
4.88
4.88
4.88
4.88
4.63
4.80
4.88
4.88
4.33
4.50
4.50
4.50
3.48
3.50
f
1
8
15.
22
29
AUK.
1
1 50
1.68
2.14
2.63
2.75
May 2
9
16
23
30
J
I
Aug. 2
9
16
23
30
Stock
Exchange
call loans,
going
rate
Apr. 4
11
18
25
T
T
38
1.30
T
Prime
bankers'
acceptances,
90 days
3.88
T
3.15
3.13
3.00
3.08
3.13
Week ending—
1.50
July 5
12
19
26
Nov 1
8
15
22
29
Mar 7
14
21
28
Stock
Exchange
call loans,
going
rate
Finance
co. paper
placed
directly,
3- to 6months
Feb
Finance
co. paper
placed
directly,
3- to 6months
Prime
coml.
paper,
4- to 6months
Dec
Prime
coml.
paper,
4- to 6months
1
3.50
3 55
3.75
I
3.75
45
. .
T
i
T
3 25
3.25
3.35
3.38
T
I
375
4.19
t
4.19
4 22
4.25
T
i
4.25
4.65
4 75
SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY — Continued
B. WEEKLY, 1941-63 — Continued
[Averages of daily figures; per cent per annum]
Prime
coml.
paper,
4- to 6months
Finance
co. paper
placed
directly,
3- to 6months
Prime
bankers'
acceptances,
90 days
Stock
Exchange
call loans,
going
rate
I960—Jan. 2
9
16
23.
30
4.88
4.88
5.00
4.98
4.80
4.88
4.93
5.13
5.13
4.90
4.50
4.64
4.88
4.85
4.78
4.75
5.15
5.50
Feb. 6,
13.
20,
27,
4.75
4.56
4.58
4.75
4.75
4.38
4.35
4.50
4.63
4.38
4.38
4.38
Mar. 5,
12,
19,
26,
4.85
4.70
4.53
4.25
4.61
4.49
4.19
3.86
4.38
4.18
3.93
3.73
Apr. 2,
9,
16,
23,
30,
4.13
4.05
4.09
4.25
T
3.58
3.50
3.78
3.88
T
3.63
3.63
3.94
4.00
4.00
Week ending—
May 7.
14.
21.
28.
4.25
3.88
3.90
3.75
3.75
3.75
June 4.
11.
18.
25.
4.19
4.03
3.70
3.63
3.83
3.53
3.05
3.00
3.60
3.41
3.38
T
3.00
3.00
3.00
2.96
2.94
Prime
bankers'
acceptances,
90 days
Stock
Exchange
call loans,
going
rate
1961—Jan. 7
14
21
28
3.06
3.00
3.00
2.90
2.83
2.81
2.81
2.71
2.88
2.88
2.88
2.88
4.50
T
2.93
3.00
3.00
3.09
2.64
2.63
2.63
2.66
2.75
2.75
2.75
2.81
Mar. 4
11
18
25
3.13
3.13
3.03
2.93
2.84
2.88
2.78
2.68
2.88
2.98
3.00
2.93
Apr. 1
8
15
22
29
2.97
3.00
2.98
2.88
2.78
2.63
2.66
2.64
2.53
2.50
2.88
2.88
2.88
2.84
2.78
May 6
13
20
27
2.75
2.75
2.75
2.75
2.50
2.75
2.63
2.63
2.68
June 3
10
17
24
2.88
3.00
3.00
2.90
2.58
2.71
2.75
2.65
July 1
8
15
22
29
2.78
2.75
2.75
2.68
2.70
2.54
2.50
T
Aug
2.75
2.83
3.00
3.00
2.50
2.60
2.69
Week ending—
5.50
3.63
3.48
3.18
3.13
July 2.
9.
16.
23.
30.
Finance
co. paper
placed
directly,
3- to 6months
Feb. 4
11
18
25
T
Prime
coml.
paper,
4- to 6months
3.13
5.45
5.00
T
Aug. 6.
13.
20.
27.
3.38
3.30
2.94
2.94
2.94
2.94
3.13
3.08
2.93
3.05
5.00
4.60
Sept. 3.
10.
17.
24.
3.25
3.25
3.40
3.50
3.01
3.06
3.11
3.19
3.00
4.50
Oct. 1.
8.
15.
22.
29.
3.45
3.38
3.38
3.30
3.18
3.19
3.19
3.19
3.15
2.98
Nov. 5.
12.
19.
26.
3.13
3.17
3.33
3.38
2.88
2.88
2.93
2.94
Dec. 3.
10.
17.
24.
31.
3.38
3.30
3.25
3.15
3.13
2.94
3.01
3.06
2.91
2.88
ii;
19,
26,
Sept. 2,
9,
16,
23,
30,
T
i
T
3.05
3.13
3.08
3.00
2.66
2.70
2.69
2.73
2.78
Dec. 2
9,
16,
23,
30,
46
3.00
2.98
2.88
2.98
3.00
3.10
3.13
3.15
3.25
3.25
2.81
2.83
2.93
3.00
3.00
2.88
2.75
2.81
2.81
2.81
2.76
Nov. 4,
11,
18,
25,
4.50
2.75
2.80
2.88
T
Oct. 7,
14,
21,
28,
3.00
2.88
2.88
2.88
2.75
T
2.75
2.82
2.98
3.00
4.50
5. SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY — Continued
B. WEEKLY, 1941-63 — Continued
[Averages of daily figures; per cent per annum]
Prime
coml.
paper,
4- to 6months
1962—Jan. 6
13
20
27
....
Feb 3
10
17
24
3.25
3.35
3.30
3.20
3.00
3.09
3.11
3.03
3.13
3.18
3.25
Week ending—
Finance
co. paper
placed
directly,
3- to 6months
3.00
Prime
bankers'
acceptances,
90 days
Stock
Exchange
call loans,
going
rate
3.00
4.50
T
T
1963 Jan
19
26
Feb 2
9
T
Mar. 3
10
17
24
31
Stock
Exchange
call loans,
going
rate
3.23
3.25
3 15
3.13
3.00
3.04
3.06
3.10
4.50
T
3.13
T
T
T
16
23
T
Prime
bankers'
acceptances,
90 days
3.25
5
12
Finance
co. paper
placed
directly,
3- to 6months
3.38
3.38
3 38
3.30
Week ending—
Prime
coml.
paper,
4- to 6months
Mar 2 . .
9
3.38
16
T
3!13
3.23
3.38
3.30
3.25
3.25
3.19
3.13
3.13
3 00
3.09
23
30
Apr 6
13
3.19
3.13
3.13
3.13
3.08
3.06
3.13
3.13
3.13
3.20
3.00
3.00
2.96
2.88
June 2
9
16
23
30
3.25
3.25
2.88
2.99
3.00
3.03
3.11
2.88
2.98
July 7
3.28
3.38
3.38
3.38
3.17
3.25
3.25
3.16
3.00
3.00
3.10
3.13
July 6
3.13
3.13
3.13
3.13
T
Aug 3
10
25
3.38
3.33
3.25
3.28
Sept. 1
8
15
22
29
3.30
3.25
3.35
3.38
3.38
3 10
3.13
3.13
3.13
3 13
3.08
3.06
3.06
3.10
3 13
Seot 7
14:::::::::::
28
3 63
3.38
3.25
3.25
3.25
3.20
3.02
3.00
3.00
3.13
3.00
Oct. 5
12
26
3.68
3.75
3.75
3.66
3.15
3.22
3.25
2.95
3.03
3.11
3.13
Nov. 2
3.75
Apr 7
- 14
21
28
. .
May 5
12
19
26
sis
T
14
21
28
Aug 4
11
18
...
Oct 6
13
20
27
Nov. 3
10
17
24
Dec 1
8
15
22
29
T
. .
3.25
i
3.28
3.38
3.13
3.13
3.14
3.19
3.19
20
27
i
May 4
T
June 1
3.00
2.95
2.88
i
11
18
25
8
i
15
22.
29
.
13
20
27
17
24
31
21
T
3.13
3.14
3.19
3.15
i
3.25
3.38
3.38
3.38
3.38
3.13
3.19
3.19
3.21
3.25
3.13
3.23
3.25
3.25
3.25
3.44
3.50
3.50
3.50
3.30
3.34
3.38
3.38
3.25
3.35
3.45
3.50
3.58
3.63
3.75
3.75
3.78
3.38
3.53
3.56
3.63
3.50
3.53
3.63
T
3.88
T
19
9
16
23
30
1
3.00
Dec. 7
14
21
1
4.50
28
47
T
i
i
3.88
3.98
4 00
4.00
3.75
3.84
3.88
3.88
1
3.63
3.72
3.75
3.75
3.63
T
I
3.63
I
50
6. EFFECTIVE RATE ON FEDERAL FUNDS
A.
ANNUALLY AND MONTHLY, 1954-63
[Averages of daily figures; per cent per annum]
Annual
average
1954
1955 .
1956
1957
1958
1959
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1.78
2.73
3.11
1.57
3.30
1.37
2.44
2.93
2.72
2.48
i.29
1.35
2.50
2.96
1.20
2.80
1.43
2.62
3.00
1.26
2.96
1.43
2.75
3.00
.63
2.90
i.62
2.50
3.00
1.67
2.40
2.71
3.00
.93
3.39
1.68
2.74
2.99
.68
3.44
1.21
1.90
2.74
3.24
1.53
3.50
1.07
2.18
2.95
3.50
1.76
3.76
.90
2.24
2.96
3.50
1.80
3.98
.91
2.35
2.88
3.22
2.27
4.00
1.26
2.48
2.94
2.98
2.42
3.99
3.22
1.96
2.68
3.18
Year
3.99
1.45
2.14
2.91
3.97
2.54
2.37
3.00
3.84
2.02
2.70
2.98
3.92
1.50
2.69
2.90
3.85
1.98
2.29
3.00
3.32
1.73
2.68
2.99
3.23
1.16
2.71
3.02
2.98
2.00
2.93
3.49
2.60
1.88
2.90
3.48
2.47
2.26
2.90
3.50
2.44
2.62
2.94
3.48
1.98
2.33
2.93
3.38
. . .
I960
1961
1962 . . .
1963
B.
WEEKLY, 1954-63
[Averages of daily figures: per cent per annum] •
Week ending—
1954_j u lv
Rate
7
14 . . .
21
28
1 19
.73
.58
Aug. 4
11
18
25
.26
1 29
1.43
1.36
Sept 1
1.35
1.26
1.16
.68
1 15
Week ending—
Rate
1.69
1 69
1.65
1.67
1955—July 6.
13
20.
27
Week ending—
1956
Rate
Rate
1958—July 2
9
16
23
30
2.73
2 75
2 75
2.74
2 63
Aug 7
14
21
28
3 00
3.09
3.29
3.48
Aug 6
13
20
27
91
1.63
1.61
1.68
3.50
Sept 3
10
17
24
1.68
1.68
1.63
1 91
Oct
1
8
15
22
29
1 79
1.93
1 96
1.98
1.47
Nov 5
12
19
26
1.93
2.00
2.46
2.39
Dec 3 .
10
17. . . .
24
31 . .
2.30
2 39
2.50
2.50
2.47
Aug 1
g
15.
22
29
Sept 7.
14
21.
28
2.07
2.19
2 20
2 24
Sept 5
12
19
26
3.00
2.93
2.86
3 00
Sept 4
11
18
25
51
1.20
97
.79
Oct
5
12.
19
26
2 24
2.25
2 23
2 25
Oct
3 00
2 98
2 92
2 95
2.99
Oct
Nov. 3
10
17
24
1.19
.72
.35
1.05
Nov 2
9
16
23.
30
2.25
2.25
2.24
2 46
2.49
Nov 7
14
21
28
3.00
2.98
2 97
2.59
Nov 6
13
20
27
3.50
3.07
3.00
Dec. 1
8
15
22.
29
1.41
1.39
1 30
1.25
1.13
Dec 7
14
21
28
2.50
2 46
2.48
2.48
Dec 5
12
19
26
2.95
2 79
2.96
2.99
Dec 4
11
18
25
2.93
3 00
3.00
3.00
1955_jan. 5
12
19
26
17
1.41
M
1.41
1956—Jan. 4
11
18
25
2.24
2.50
1957—Jan. 2
9
16
23
30
2.86
2.89
2.96
3.00
1958_Jan. 1
8
15
22
29
3.00
2.98
2.88
3.00
2.29
Feb 2
9
16
23
1.44
?7
[.13
3?
Feb 1
8
15
22
29
2.50
2.48
2.50
i
Feb 6
13
20
27
Mar 2
9
16
23
30
1.38
41
^4
I 31
1.44
Mar. 7
14
21
28
2.50
2 49
2 50
2.50
Mar. 6
13
20
27
Apr. 6
13
20
27
1.44
[ 44
40
1.34
Apr 4.
11
18. . . .
25
2.50
2 50
2.60
2.75
Apr. 3
10
17
24
May 4
11
18
25
1.66
1.30
3?
1.31
May 2
9
16
23
30
T
June 1.
8
15
22
29.
69
I 67
69
55
55
7*71
May 1
8
15
22
29
June 6
13.
20
27.
2 72
2.75
2.75
2.61
June 5
12
19
26
s:::::.:..
15
22
29
Oct
6
13
20
27
.
. . .
.
. ..
.
. . .
T
3
10
17
24
31
48
...
. .
...
T
T
2
9
16
23
30
1959—Jan
7
14
21
28
..
Rate
3.00
3 00
3 00
2.83
2 97
1957
1.72
1 87
1.87
1.96
2.00
Aug 3
10
17.
24
31.
Week ending—
July 3
10 •
17
24
31
2.75
2 75
2 75
2.74
July 4
11
18
25
Week ending—
.
..
.43
77
1.32
.45
.36
2.48
2.45
2.50
2.50
1.50
2.64
2.11
.73
Feb. 4
11
18
25
2.50
2.36
2.25
2.50
Mar 5
12
19
26
11
36
45
.07
Mar. 4
11
18
25
2.46
2.71
2 86
2.93
Apr 2
9
16
23
30
.55
07
75
.29
75
Apr. 1
8
15
22
29
2.84
3 00
3.00
3.00
2.93
May 7
14
21
28
1.11
.95
.47
20
May 6
13
20
27
June 4
11
18
25
32
1 39
1.36
.61
June 3
10
17
24
Feb 5
12
19
26
. . .
j
3 no
2. 86
2. 97
3 00
f
. .
1
3.00
. . .
. . .
3.00
3.00
2.61
2.82
3 10
3.36
3.50
3.46
6. EFFECTIVE RATE ON FEDERAL FUNDS — Continued
B. WEEKLY, 1954-63 — Continued
[Averages of daily figures; per cent per annum]
Week ending—
Rate
Week ending—
3 32 I960 June 1
8
3 50
15
3.36
22
3 50
29
T
1959 Julv 1
8
15
22
29
Aue 5
12 ::::::::
19
26
1
Rate
Week ending—
Rate
Week ending—
Rate
Week ending—
Rate
3.36
3.82
3.39
3.50
2.71
1961 M a y 3
10
17
24
31 .
57
1.64
2.29
2.50
2.14
1962 Aor 4
11.:::::
18
25
2 71
2.79
2.93
2.86
1963 Mar 6
13.. .
20
27
3 00
3 00
2.95
2 98
July 6
13
20
27 ..
3.36
2.93
3.50
3.14
June 7
14
21
28 ..
2.50
1.00
2.29
1.18
May 2
9
16
23
30
2.75
2.71
2.46
2.43
1 71
Apr. 3
10
17
24.
2 75
2.98
2.89
3 00
Sept 2
9
16
23
30
3.50
3 46
3 82
3 96
3 86
Aug. 3
10
17
24
31
3.29
3.11
3.07
2.68
2.89
July 5
12
19
26 .
1.04
1 36
1.18
.86
June 6
13
20
27
2.46
2 46
2.86
2 89
May 1
8 ..
15
22...
29
2.95
3.00
3 00
3 00
3 00
Oct 7
14
21
28
4.00
3 96
3 96
4 00
Sept. 7
14
21
28
2.96
2.79
1.89
2.64
Aug 2 ..
9
16 ...
23
30
1.64
2.25
2.75
1.64
1.50
Julv 4
ii:.::::
18
25
2.82
2.71
2.86
2.95
June 5
12
19
26...
3.00
3.00
3 00
2 96
Nov 4
11
18
25
4 00
4.00
4 00
4 00
Oct 5
12
19
26
2.86
3.00
1.93
2.00
SeDt 6
13::.:::
20
27
1.32
2.36
1.86
1 96
Aug. 1
8
15
22
29
2.75
2.89
3.00
2.89
2 93
July 3...
10
17...
24
31
3.00
2 98
3 04
2 64
3 41
Dec 2
9
16
23
30
3 96
4 00
4 00
4 00
4.00
Nov 2
9
16
23
30
2.86
2.96
2.82
2.32
1.50
Oct 4
11
18
25
1.64
2.43
2.64
2.36
Sent 5
12"::::
19
26
2.96
3.00
2.89
2.79
Aug 7
14 .
21
28... .
3
3
3
3
I960 j a n 6
13
20
27
4.00
4.00
4.00
3.96
Dec. 7
14
21
28
1.64
1.79
2.14
1.89
Nov 1
8
15
22
29
2.14
2.75
2.75
2.79
2.29
Oct 3
10
17
24
31
2.89
2.82
3.00
2.89
2.82
Sept 4
11...
18
25
3.50
3 50
3.43
3 48
Feb 3
10
17
24
4 00
3.96
4 00
3 89
1961 Jan 4
11
18
25
2.50
1.62
1.96
.66
Dec 6
13
20
27
2.25
1.61
2.36
2.86
Nov 7
14
21
28
2.95
3.00
2.96
2.89
Oct 2...
9
16. .
23
30
3.50
3 48
3 50
3 50
3 50
Mar 2
9
16
23
30
4 00
3 96
... 3.96
3.54
3.82
Feb 1
8
15
22
1.36
2.25
2.79
2.54
2.61
2 00
2.79
1.47
2.14
Dec 5
12
19
26
2.79
2.88
2.98
3.00
Nov 6
13
20
27
3 50
3 43
3 50
3.50
Apr 6
13
20
27
3.93
3.96
3.82
3 93
Mar. 1
8
15
22
29
2.50
2.61
2.00
1.82
1.61
Feb 7
14
21
28
2.04
2.61
2.36
2.47
2.90
2.77
3.00
2.95
2 98
Dec 4 .
11
18
25
3
3
3
3
May 4
11
18
25
4 00
4.00
3 89
3.79
Aor 5
1.79
2.11
1.64
1.14
Mar 7
14
21
28. ...
2.68
2.71
2 69
2.88
ii:•::.:
19
26
1962—Jan
3
10
17
24 .
31
49
1963—Jan. 2
9 .
16
23
30
Feb 6
13
20
27
3.00
3.00
3 00
3.00
50
46
50
48
32
16
50
50
7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES
A. ANNUALLY AND MONTHLY, 1941-63
[Per cent per annum]
3-month bills *
Rate
on new
issue
Year
6-month bills
Market
yield
Rate
on new
issue
9- to 12-month issues
Other 2
Bills
(market
yield)
Market
yield
3- to 5year
issues
1941.
1942.
1943.
1944.
.103
.326
.373
.375
.13
.34
.38
.38
.75
.79
.73
1.46
1.34
1.33
1945.
1946.
1947.
1948.
1949,
.375
.375
.594
.040
.102
.38
.38
.61
1.05
1.11
.81
.82
.88
.14
.14
1.18
1.16
1.32
1.62
1.43
1950.
1951.
1952,
1953,
1954,
.218
.552
.766
.931
.953
1.20
1.52
1.72
1.90
.94
.26
.73
.81
2.07
.92
1.50
1.93
2.13
2.56
1.82
1955.
1956,
1957.
1958,
1959,
1.753
2.658
3.267
1.839
3.405
1.73
2.62
3.23
1.78
3.37
3.832
3.79
1.89
2.83
3.53
2.09
4.11
2.50
3.12
3.62
2.90
4.33
1960,
1961,
1962.
1963.
2.928
2.378
2.778
3.157
2.87
2.36
2.77
3.16
3.247
2.605
2.908
3.253
3.20
2.59
2.90
3.25
3.55
2.91
3.02
3.28
3.99
3.60
3.57
3.72
3-month bills l
3-month bills
9- to 12month
3- to 5year
issues
9- to 12month
issues
3- to 5year
issues
.78
.78
.80
.78
.77
.79
.77
.76
.79
.80
.81
.80
1.30
1.32
1.36
1.36
1.35
1.34
1.31
1.30
1.31
1.35
1.34
1.35
1945—Jan..
Feb.,
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec.
.78
.77
.78
.77
.80
.81
.80
.82
.84
.83
.84
.84
1.31
1.22
1.18
1.14
1.16
1.16
1.16
1.17
1.19
1.17
1.14
1.13
1946—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec..
.79
.76
.79
.81
.83
.83
.84
.84
.85
.83
.84
.85
1.06
.99
.96
1.10
1.16
1.15
1.15
1.19
1.27
1.29
1.28
1.30
Rate
on new
issue
Market
yield
1941_Jan..
Feb..
Mar.
Apr..
May.
June
July.
Aug.
Sept.
Oct..
Nov.
Dec..
.089
.092
.082
.089
.097
.108
.055
.049
.242
.298
.02
.04
.11
.10
.11
.12
.12
.13
.10
.09
.28
.33
.76
.81
.84
.81
.72
.68
.67
.62
.62
.72
.98
1.10
1944—Jan..
Feb.
Mar.
Apr.,
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
1942—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec..
.213
.250
.212
.299
.364
.363
.368
.370
.370
.372
.371
.363
.27
.25
.25
.32
.37
.37
.38
.80
.76
.75
.80
.80
1.05
1.02
1.02
1.06
1.11
1.41
1.45
1.47
1.47
1.48
1.49
1.48
1943—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec..
.367
.372
.373
.373
.373
.374
.374
.375
.375
.375
.375
.375
.76
.73
.75
.78
.78
.70
.68
.75
.77
.78
.77
.77
1.43
1.41
1.40
1.39
1.36
1.32
1.30
1.29
1.31
1.31
1.29
1.30
Month
T
I
.38
Month
For notes see p. 60.
3.41
2.81
3.01
3.30
50
Rate
on new
issue
Market
yield
.374
.375
.38
T
.375
.375
T
is
7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES — Continued
A. MONTHLY, 1941-63 — Continued
[Per cent per annum]
3-month bills
Month
Rate
on new
issue
Market
yield
3-month bills
9-to 12month
issues
3- to 5year
issues
.84
.85
.82
.83
.85
.85
.85
.85
.87
.97
.99
1.04
1.26
1.26
1.24
1.24
1.27
1.29
1.33
1.31
1.28
1.35
1.47
1.54
1.09
1.10
1.09
1.10
1.09
1.09
1.10
1.15
1.18
1.23
1.22
1.21
9-to 12month
issues
3- to 5year
issues
1.96
1.97
2.01
2.19
2.16
2.11
2.04
2.04
1.79
1.38
1.44
1.60
1.97
1.97
2.04
2.27
2.41
2.46
2.36
2.33
2.17
1.72
1.53
1.61
2.39
2.42
2.46
2.61
2.86
2.92
2.72
2.77
2.69
2.38
2.32
2.22
M^y!
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec.
1.214
.984
1.053
1.011
.782
.650
.710
.892
1.007
.987
.948
1.174
1.18
.97
1.03
.96
.76
.64
.72
.92
1.01
.98
.93
1.14
1.33
1.01
1.02
.90
.76
.76
.65
.64
.89
1.03
.94
1.10
2.04
1.84
1.80
1.71
1.78
1.79
1.69
1.74
1.80
1.85
1.90
1.94
1.59
1.57
1.54
1.53
1.49
1.42
1.26
1.26
1.34
1.38
1.37
1.37
1955_jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.,
Oct..
Nov.,
Dec.
1.257
1.177
1.335
1.620
1.491
1.432
1.622
1.876
2.086
2.259
2.225
2.564
1.23
1.17
1.28
1.59
1.45
1.41
1.60
1.90
2.07
2.23
2.25
2.54
1.36
1.41
1.49
1.71
1.72
1.71
1.88
2.12
2.14
2.19
2.28
2.56
2.11
2.18
2.30
2.39
2.40
2.42
2.54
2.73
2.72
2.58
2.70
2.83
Rate
on new
issue
Market
yield
1953_jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
2.042
2.018
2.082
2.177
2.200
2.231
2.101
2.088
1.876
1.402
1.427
1.630
1.63
1.63
1.60
1.58
1.51
1.49
1.56
1.65
1.69
1.71
1.69
1.64
1954—Jan..
Feb.,
Mar.
Month
1947_Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
.375
.376
.376
.376
.376
.376
.637
.744
.791
.841
.920
.948
1948—Jan..
Feb.,
Mar.
Apr.,
May,
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
.970
.994
.997
.997
.998
.998
.997
1.033
1.087
1.118
1.139
1.153
1949_Jan..
Feb..
Mar.
Apr.,
May.
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
1.159
1.163
1.162
1.157
1.153
1.158
.980
1.022
1.061
1.043
1.061
1.102
1.17
1.02
1.04
1.07
1.05
1.08
1.10
1.22
1.22
1.22
1.20
1.19
1.20
1.04
1.07
1.08
1.09
1.09
1.10
1950—Jan..
Feb..
Mar.
May!
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.
1.090
1.125
1.138
1.159
1.166
1.174
1.172
1.211
1.315
1.329
1.364
1.367
1.07
1.12
1.12
1.15
1.16
1.15
1.16
1.20
1.30
1.31
1.36
1.34
1.12
1.15
1.16
1.17
1.18
1.23
1.23
1.26
1.33
1.40
1.47
1.46
1.39
1.44
1.45
1.45
1.45
1.47
1.45
1.45
1.55
1.65
1.62
1.64
1956—Jan..
Feb..
Mar.,
Apr..
May.
June.
July.
Aug..
Sept.,
Oct..
Nov.,
Dec.
2.456
2.372
2.310
2.613
2.650
2.527
2.334
2.606
2.850
2.961
3.000
3.230
2.41
2.32
2.25
2.60
2.61
2.49
2.31
2.60
2.84
2.90
2.99
3.21
2.50
2.38
2.43
2.83
2.83
2.69
2.62
3.01
3.17
3.07
3.15
3.33
2.74
2.65
2.83
3.11
3.04
2.87
2.97
3.36
3.43
3.29
3.49
3.65
1951—Jan..
Feb..
Mar.
AprMay.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
1.387
1.391
1.422
1.520
1.578
1.499
1.593
1.644
1.646
1.608
1.608
1.731
1.34
1.36
1.40
1.47
1.55
1.45
1.56
1.62
1.63
1.54
1.56
1.73
1.47
1.60
1.79
1.89
1.85
1.79
1.74
1.70
1.71
1.74
1.68
1.77
1.66
1.67
1.86
2.03
2.04
2.00
1.94
1.89
1.93
2.00
2.01
2.09
1957_jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.
3.210
3.165
3.140
3.113
3.042
3.316
3.165
3.404
3.578
3.591
3.337
3.102
3.11
3.11
3.08
3.06
3.06
3.29 .
3.16
3.37
3.53
3.58
3.29
3.04
3.17
3.23
3.35
3.41
3.37
3.55
3.71
3.93
4.02
3.94
3.52
3.09
3.40
3.33
3.38
3.48
3.60
3.77
3.89
3.91
3.93
3.99
3.63
3.04
1952—Jan..
Feb..
Mar.
1.688
1.574
1.658
1.623
1.710
1.700
1.824
1.876
1.786
1.783
1.862
2.126
1.57
1.54
1.59
1.57
1.67
1.70
1.81
1.83
1.71
1.74
1.85
2.09
1.75
1.70
1.69
1.60
1.66
1.74
1.89
1.94
1.95
1.84
1.89
2.03
2.08
2.07
2.02
1.93
1.95
2.04
2.14
2.29
2.28
2.26
2.25
2.30
1958—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.
2.598
1.562
1.354
1.126
1.046
.881
.962
1.686
2.484
2.793
2.756
2.814
2.44
1.54
1.30
1.13
.91
.83
.91
1.69
2.44
2.63
2.67
2.77
2.56
1.93
1.77
1.35
1.21
.98
1.34
2.14
2.84
2.83
2.92
3.24
2.77
2.67
2.50
2.33
2.25
2.25
2.54
3.11
3.57
3.63
3.60
3.65
M^y!
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
.38
T
.38
.66
.75
.80
.85
.92
.95
.97
1.00
T
1.00
1.06
1.09
1.12
1.14
1.16
1.17
51
7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES — Continued
A. MONTHLY, 1941-63 — Continued
[Per cent per annum]
6-month bills
3-month bills
Other 2
3-to 5
year
issues
4.31
4.83
4.69
4.54
4.99
3.26
3.38
3.56
3.66
3.92
3.97
4.30
4.32
4.80
4.65
4.70
4.98
3.86
3.85
3.88
4.03
4.16
4.33
4.40
4.45
4.78
4.69
4.74
4.95
4.74
4.30
3.61
3.55
3.58
2.74
2.71
2.59
2.83
2.73
2.66
2.50
4.95
4.45
3.68
3.83
4.01
3.10
3.03
2.82
2.86
2.92
2.87
2.64
4.93
4.58
3.93
3.99
4.19
3.35
3.13
2.89
2.99
3.01
2.99
2.79
4.87
4.66
4.24
4.23
4.42
4.06
3.71
3.50
3.50
3.61
3.68
3.51
2.496
2.601
2.591
2.493
2.436
2.546
2.457
2.670
2.689
2.702
2.686
2.875
2.47
2.60
2.54
2.47
2.44
2.54
2.45
2.66
2.68
2.66
2.70
2.88
2.63
2.75
2.76
2.74
2.72
2.80
2.79
2.91
2.88
2.90
2.90
2.97
2.70
2.84
2.86
2.83
2.82
3.02
2.87
3.03
3.03
2.97
2.95
3.03
3.53
3.54
3.43
3.39
3.28
3.70
3.69
3.80
3.77
3.64
3.68
3.82
2.72
2.73
2.72
2.73
2.68
2.73
2.92
2.82
2.78
2.74
2.83
2.87
2.965
2.955
2.883
2.838
2.789
2.804
3.085
3.005
2.947
2.859
2.875
2.908
2.94
2.93
2.87
2.83
2.78
2.80
3.08
2.99
2.93
2.84
2.89
2.91
3.19
3.21
2.98
2.90
2.91
2.89
3.17
3.10
2.99
2.90
2.94
2.94
3.08
3.11
2.99
2.94
2.98
3.02
3.23
3.13
3.00
2.90
2.92
2.95
3.84
3.77
3.55
3.48
3.53
3.51
3.71
3.57
3.56
3.46
3.46
3.44
2.91
2.92
2.89
2.90
2.92
2.99
3.18
3.32
3.38
3.45
3.52
3.52
2.962
2.970
2.950
2.988
3.006
3.078
3.272
3.437
3.494
3.573
3.648
3.667
2.96
2.98
2.95
2.98
3.01
3.08
3.31
3.34
3.50
3.58
3.65
3.66
3.00
3.00
2.97
3.03
3.06
3.11
3.40
3.50
3.57
3.61
3.67
3.69
2.97
2.89
2.99
3.02
3.06
3.17
3.33
3.41
3.54
3.59
3.70
3.77
3.47
3.48
3.50
3.56
3.57
3.67
3.78
3.81
3.88
3.91
3.97
4.04
Market
yield
Rate
on new
issue
Market
yield
2.837
2.712
2.852
2.960
2.851
3.247
3 243
3.358
3.998
4.117
4.209
4.572
2.82
2 70
2.80
2 95
2.84
3.21
3 20
3.38
4.04
4.05
4.15
4.49
3.097
3.166
3.159
3.277
3.368
3.531
3 885
3.840
4.626
4.646
4.585
4.915
3.09
3.12
3.13
3.27
3.32
3.52
3 82
3.87
4.70
4.53
4.54
4.85
4.436
3.954
3.439
3.244
3.392
2.641
2.396
2.286
2.489
2.426
2.384
2.272
4.35
3.96
3.31
3.23
3.29
2.46
2.30
2.30
2.48
2.30
2.37
2.25
4.840
4.321
3.693
3,548
3.684
2.909
2.826
2.574
2.803
2.845
2.650
2.530
M^y!
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
2.302
2.408
2.420
2.327
2.288
2.359
2.268
2.402
2.304
2.350
2.458
2.617
2.24
2.42
2.39
2.29
2.29
2.33
2.24
2.39
2.28
2.30
2.48
2.60
1962—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
2.746
2.752
2.719
2.735
2.694
2.719
2.945
2.837
2.792
2.751
2.803
2.856
1963—Jan..
Feb..
Mar.
2.914
2.916
2.897
2.909
2.920
2.995
3.143
3.320
3.379
3.453
3.522
3.523
Month
Rate
on new
issue
1959—Jan..
Feb..
Mar.
Apr..
May.
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec,
I960—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
1961—Jan..
Feb..
Mar.
M^y!
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
1
For notes see p. 60.
9- to 12-month issues
52
Bills
(market
yield)
7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES
Continued
B. WEEKLY, 1941-63
[Per cent per annum]
3-month bills
3-month bills »
Week
ending—
Rate
on new
issue
Market
yield
3-to
5-year
issues
1941
02
I
25
Feb 1
8
15..
22
000
.007
Mar 1
8
15
22
29
043
.086
.120
117
June 7
14
21
28
July 5
12
19
26
Aug. 2 .
9
Oct. 4..
11
18
25
Nov. 1
8 .
15
22 .
29
Dec 6
13
20
27
Apr 4
11..
81
86
84
83
17
24
31
Feb. 7
14..
21
28
May 2
9
16.. ..
. ..
.08
.84
23
30
.055
.079
.093
.097
.08
.10
11
.86
.86
82
June 6
13.. .
.12
77
.12
.12
.10
.10
.10
74
73
.73
72
.71
13
.13
.12
.10
70
67
.68
.68
22
.10
.67
Sept. 5
.094
106
.114
.116
.114
.12
.12
.12
M
.12
.13
.68
.68
.68
.63
63
.64
.13
.13
.61
.60
.090
.071
.050
.037
.11
.10
.58
.58
.062
.002
.001
.024
.067
.151
.200
.258
.267
.242
.293
.295
.295
.310
.304
.119
.196
.231
.220
.250
.263
.266
20
27
July 4
11
18
25 . .
AUK
8
1.. ..
8
15 . .
29 . . .
12
19.. ..
26
Oct 3
10
17
24
31.. .
.63
.65
Nov. 7
14 .
21
28
.11
.66
.07
.06
.06
69
.72
.73
.15
.25
.28
.30
.30
.78
.91
98
.10
.08
.30
.33
.35
.35
1.02
1.02
1.06
1.13
1.11
1.12
- 1942
Jan 3
10
18
25.. ..
.086
.097
.097
.098
31
13
20
27.
09
12
.14
11
79
80
82
81
21
28
.107
.100
.103
.066
May 3
10..
17
24
30
02
.03
Mar 7
14
.097
.096
.069
.070
.069
19
26
Sept. 6
1
69
75
75
76
.065
Apr. 5
12.......
16.
Rate
on new
issue
Market
yield
3-month bills
9-to
12month
issues
3-to
5-year
issues
.35
.32
.24
.24
.25
.22
.23
.27
.25
1.10
[.07
1.06
1.04
1.02
[.03
1.02
1.02
1.02
222
229
195
203
25
.25
25
25
1
1
1
1
01
03
03
01
May 1
8
15.
221
264
281
317
25
.29
1 03
1.05
1 04
1.07
335
358
368
365
32
.34
35
38
.365
362
1.13
1.41
1 41
1.42
360
365
365
368
1.42
1 44
1.46
1.46
365
.366
365
369
372
372
.372
369
.83
78
367
76
.368
369
.370
.77
76
.77
.373
369
.78
77
373
76
.373
373
.73
72
373
373
Dec 5 . .
368
79
12
19
367
364
79
78
82
.363
19
..
17
24
31
AUK.
7.
Market
yield
9-to
12month
issues
3-to
5-year
issues
..
..
.363
.366
370
Feb 6.. .
13
20
27
.372
.373
.374
Mar 6
13
369
.371
81
80
.76
.75
72
373
27
.373
Apr. 3
10
.374
.374
.373
.371
i
.38
53
79
.77
68
68
69
.69
.68
I 29
I 28
I 32
1.31
1.31
.74
73
75
.79
1.30
I 28
I 29
1.31
I 33
I 33
1.32
[ 31
375
1
77
76
.81
79
.79
[ 32
I 3i
1.32
[ 3i
1.30
.375
376
.375
.376
.78
77
.77
.75
1.30
I 30
1.29
1.29
375
375
.375
375
78
.77
.76
I 29
[ 29
1.31
[ 31
25
30
27
..
..
..
11
18
25.. ..
.374
T
77
I 32
I 32
1.31
1944
i
1.49
1 48
1.48
1.49
1 49
1.44
1.43
1.41
1 41
1 41
1.41
1.39
1.39
.75
.79
I 32
79
.77
75
.77
Dec 4
75
75
75
.74
73
71
72
.67
1 39
1 38
1 34
1.33
375
375
374
ii:::::
18. ..
1.47
1 47
1 49
1.39
1.40
1.42
1.42
.72
.73
1 1Q
.375
Nov 6
13
20.
73
.75
369
375
78
81
80
77
.74
28
Jan 1
8..
15
22
29
Feb 5.. ..
12
365
357
.374
374
38
|
Sect 4
1.46
1.47
1.47
1.48
T
374
375
374
.374
.374
14
21.
.373
.374
26
July 3.
10
372
373
372
373
374
374
374
12.
19.. ..
Jan 2
9 .
16
23
30
24
29.....
Oct 2
9.
16
23.
1943
17
..
22
1.47
1 49
1.48
1.47
1.46
81
80
For notes see p. 60.
1 09
1 11
1.11
1 11
1.11
I
.80
.79
20
Rate
on new
issue
June 5
.371
.370
26.. ..
Week
ending—
1943
1942
Jan 4
11
18
23
Week
ending—
1.39
1.40
1.39
1.38
26
Mar 4
11.. ..
18
25
Apr 1
8
15
22
29
May 6..
13
20
27
.375
.373
.374
374
374
.77
.76
.77
78
79
.31
.29
1.29
1 31
32
374
374
375
|
78
77
.79
79
1 32
] 32
1 32
] 32
80
.79
\
374
375
T
10
.375
.78
.77
.77
39
37
1.36
1.35
1.35
77
75
1 35
\ 34
.79
.79
.3
1.33
1 39
80
.80
June 3
17
24
33
1 33
.81
80
1.34
1 33
.78
.79
.79
.79
1.35
1 35
1.34
1 35
7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES — Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]
3-month bills
Week
ending—
3-month bills
9-to
3- to
5-year
issues
Week
ending—
.79
.78
.78
.77
.76
1.34
1.32
1.31
1.31
1.31
Sept. 1 . . .
8...
15...
22...
29...
Aug. 5 . .
12..
19..
26..
.77
.77
.75
.75
1.30
1.30
1.30
1.30
Sept. 2 . .
1
.75
.79
.78
.78
.80
1.28
1.27
1.29
1.34
1.34
Nov. 3 . . .
10...
17...
24...
Oct. 7 . .
14..
21..
28..
.375
.376
.376
.375
.80
.80
.80
.79
1.35
1.35
1.34
1.34
Dec. 1 . . .
8...
15...
22...
29...
Nov. 4 . .
11..
18..
25..
T
.81
.81
.81
.80
1.35
1.35
1.34
1.33
.80
.80
.80
.81
.81
1.35
1.35
1.35
1.36
1.36
Rate
on new
issue
Market
yield
month
issues
1944
July
1..
8..
15..
22..
29..
.38
T
T
Dec. 2 . .
9..
16..
23..
30..
Jan.
6..
13..
20..
27..
1
.375
.80
.78
.79
.77
.373
.375
T
1.34
1.33
1.32
1.29
1.24
1.23
1.20
Week
ending—
.83
.84
.85
.85
.84
1.17
1.16
1.18
1.21
1.20
Nov. 2 . . .
9...
16...
23...
30...
.376
.38
T
T
.84
.84
.82
.81
1.20
1.17
1.16
1.16
Dec. 7 . . .
14...
21...
28...
.375
.376
1
.84
.84
.84
.84
1.17
1.15
1.13
1.13
.375
.375
.375
.375
.375
.85
.84
.83
.83
.84
1.14
1.13
1.12
1.15
1.14
.373
.375
.84
.82
.78
.77
Feb. 2 . . .
9...
16...
23...
Rate
on new
issue
Market
yield
1.31
1.29
1.32
1.29
.374
.375
.376
.84
.84
.84
.83
1.29
1.28
1.27
1.24
Feb. 1 . . .
8...
15...
22...
.85
.84
.85
.85
1.25
1.25
1.26
1.26
1.12
1.07
1.05
1.03
Mar. 1 . . .
8...
15...
22...
29...
.85
.84
.83
.81
.81
1.27
1.27
1.25
1.23
1.21
.78
.77
.76
.75
1.03
1.01
1.00
Apr. 5 . . .
12...
19...
26...
.81
.82
.83
.83
1.22
1.22
1.25
1.24
Mar. 2 . . .
9...
16...
23...
30...
.76
.78
.79
.80
.81
.93
.92
.93
.97
.84
.85
1.02
May 3 . . .
10...
17...
24...
31...
1.26
1.27
1.28
1.27
1.26
Apr. 6 . . .
13...
20...
27...
.80
.80
.80
.82
1.05
1.10
1.12
1.13
June 7 . . .
14...
21...
28...
May 4 . . .
11...
18...
25...
i
.375
.83
.83
.83
.83
1.12
1.14
1.18
1.18
.376
.375
.375
.375
.375
.84
.83
.83
.83
.84
1946
Jan. 5 . . .
12...
19...
26...
T
.77
.78
.78
.78
.76
Apr. 7 . .
14..
21..
28..
.376
.375
.75
.76
.78
.79
.15
.15
.14
.14
June 1 . . .
8...
15...
22...
29...
May 5 . .
12..
19..
26..
.79
.79
.80
.81
.14
.16
.17
.17
July 6 . . .
13...
20...
27...
.376
.375
.375
.375
June 2 . .
16..
23..
30..
.81
.81
.81
.81
.80
.18
.17
.17
.14
.14
Aug. 3 . . .
10...
17...
24...
31...
.376
.376
.376
.375
7..
14..
21..
28..
.79
.78
.80
.82
.14
.14
.17
.19
.82
.81
.82
.83
.18
.17
.17
.19
9..
Aug. 4 . .
11..
18..
25..
i
.375
i
.38
yield
3-to
5-year
issues
.85
.85
.84
.85
.375
.375
.375
.375
.375
T
ket
month
issues
.376
.375
.375
.375
T
Mar. 3 . .
10..
17..
24..
31..
.18
.17
Mar-
1.27
1.27
1.27
1.28
1.30
T
.77
.77
.77
.76
1.20
1.18
1.19
12-
Rate
on new
issue
.84
.84
.85
.84
.85
.38
i
.375
.376
July
month
issues
1946
.375
Feb. 3 . .
10..
17..
24..
.25
9- to
3-to
5-year
issues
12-
1945
.375
.375
.374
.375
9..
16..
23..
30..
3-month bills
9-to
Oct. 6 . . .
13...
20...
27...
12-
.96
i
1947
Jan. 4 . . .
11...
18...
25...
T
T
i
1.26
1.27
1.32
1.32
i
i
.85
July 5 . . .
12...
19..'.
26...
.376
.594
.737
.740
.38
.60
.75
.86
.86
.85
T
T
1.17
1.15
1.12
1.15
1.16
Aug. 2 . . .
9...
16...
23...
30...
.740
.740
.741
.741
.752
.75
.76
.84
.84
.84
.83
1.13
1.14
1.18
1.16
Sept. 6 . . .
13...
20...
27...
.766
.789
.802
.808
.77
.79
.81
.82
.85
.87
.87
.87
.84
.84
.84
.83
.84
1.16
1.16
1.17
1.20
1.22
Oct. 4 . . .
11...
18...
25...
.817
.827
.835
.855
.83
.84
.85
.86
.93
.96
.96
.98
Sept. 7 . . .
14...
21...
28...
.85
.85
.85
.85
1.25
1.26
1.28
1.29
Nov. 1 . . .
8...
15...
22...
29...
.873
.895
.912
.931
.940
.88
.90
.92
.93
.95
.98
.98
.98
1.00
1.01
1.42
1.45
1.47
1.47
1.49
Oct. 5 . . .
12...
19...
26...
.85
.83
.83
.83
1.30
1.30
1.30
1.29
Dec. 6 . . .
13...
20...
27...
.944
.948
.949
.951
.95
.95
.95
.96
1.04
1.04
1.03
1.04
1.49
1.48
1.55
1.61
T
i
.37 5
i
.38
54
i
i
1.33
1.32
1.33
1.33
1.33
1.33
1.33
1.29
1.27
1.27
1.28
1.28
1.28
1.29
1.30
1.33
1.37
7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES — Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]
3-month bills
Week
ending—
3-month bills
9- to
month
issues
3- to
5-year
issues
Week
ending—
.96
.96
.97
.98
.99
1.05
1.08
1.09
1.09
1.1.0
1.65
1.63
1.64
1.64
1.64
.99
1.10
1.10
1.09
12-
Rate
on new
issue
Market
yield
3-month bills
9- to
9- to
. 12month
issues
3-to
5-year
issues
1.16
1.16
1.15
1.16
1.18
1.18
1.18
1.18
1.47
1.44
1.45
1.45
1.169
1.179
1.177
1.174
1.17
1.16
1.15
1.14
1.23
1.45
1.46
1.47
1.47
July 1 . . .
8...
15...
22...
29.,.
1.172
1.174
1.168
1.173
1.174
1.14
1.16
1.15
1.16
1.16
1.23
1.22
1.23
1.23
1
1.49
1.48
1.45
1.45
1.44
1.46
1.43
1.42
1.41
Aug. 5 . . .
12...
19...
26...
1.174
1.174
1.173
1.247
1.16
1.16
1.16
1.26
1.23
1.23
1.23
[.30
1.45
1.44
1.45
1.44
month
issues
3-to
5-year
issues
Week
ending—
12-
Rate
on new
issue
Mar-
Mar. 5 . . .
12...
19...
26...
1.163
1.162
1.162
1.162
1.17
1.17
1.17
1.17
1.22
1.22
1.23
1.23
1.58
1.56
1.54
1.52
1.64
1.64
1.62
1.63
Apr. 2 . . .
9...
16...
23...
30...
1.162
1.160
1.153
1.157
1.156
1.17
1.16'
1.16
1.17
1.17
1.23
1.21
1.20
1.20
1.19
1.52
1.53
1.54
1.53
1.52
1.62
1.62
1.60
1.58
May 7 . . .
14...
21...
28...
1.147
1.148
1.157
1.159
1.16
1.16
1.17
1.19
1.18
1.19
1.18
1948
ket
yield
Rate
on new
issue
Mar-
May 6 . . .
13...
20...
27...
1.166
1.166
1.165
1.167
June 3 . . .
10...
17...
24...
1.51
1.51
1.48
1.47
1949
ket
yield
1950
Jan. 3 . .
10..
17..
24..
31..
.952
.950
.976
.981
.990
Feb. 7..
14..
21..
28..
.990
.994
.996
.997
Mar. 6..
13..
20..
27..
.997
.997
.996
.996
Apr. 3 . .
10..
17..
24..
.996
.997
.998
.997
1.09
1.10
1.10
1.10
1.59
1.58
1.57
1.58
June 4 . . .
11...
18...
25...
1.159
1.158
1.158
1.158
1.17
1.21
1.20
1.20
1.21
May 1..
15..
22..
29..
.997
.998
.998
.997
.997
1.10
1.10
1.09
1.07
1.08
1.58
1.57
1.54
1.47
1.47
July 2 . . .
9...
16...
23...
30...
1.158
1.052
.923
.928
1.017
1.14
1.01
1.00
1.01
1.03
1.16
1.04
1.02
1.03
1.06
1.36
1.26
1.25
1.26
1.27
Sept. 2 . . .
9...
16...
23...
30...
1.285
1.308
1.311
1.317
1.324
1.29
[.30
1.30
1.30
1.31
1.32
1.33
1.33
1.33
1.34
1.48
1.51
1.54
1.55
1.59
June 5..
12..
19..
26..
.997
.998
.998
.998
1.09
1.09
1.09
1.09
1.46
1.46
1.47
1.52
Aug. 6 . . .
13...
20...
27...
1.032
1.007
1.017
1.031
1.04
1.02
1.04
1.05
1.05
1.06
1.06
1.08
1.28
1.24
1.25
1.26
Oct. 7 . . .
14...
21...
28...
1.324
1.337
1.337
1.316
1.32
1.33
1.30
[.29
1.35
1.35
1.40
1.45
1.60
1.64
1.68
1.66
July 3 . .
10..
17..
24..
31..
.997
1.54
1.55
1.55
1.57
1.59
Sept. 3 . . .
10...
17...
24...
1.054
1.055
1.058
1.062
1.06
1.06
1.06
1.07
1.08
1.08
1.08
1.08
1.25
1.24
1.37
1.38
Nov. 4 . . .
11...
18...
25...
1.341
1.350
1.366
1.380
1.33
1.34
1.35
1.37
1.47
1.47
1.47
1.47
1.64
1.62
1.60
1.62
i
1.09
1.10
1.10
1.10
1.10
Aug. 7..
14..
21..
28..
i
.997
1.066
1.072
1.00
1.05
1.08
1.09
1.10
1.16
1.16
1.17
1.61
1.66
1.66
1.67
Oct. 1 . . .
8...
15...
22...
29...
1.076
.059
1.050
1.027
1.036
1.08
1.05
1.05
1.03
1.05
1.09
1.08
1.09
1.08
1.09
1.39
1.37
1.39
1.39
1.38
Dec. 2 . . .
9...
16...
23...
30...
1.383
1.366
1.351
1.368
1.382
1.38
1.32
[.31
1.35
1.37
1.46
1.46
1.46
1.47
T
1.63
1.64
1.63
1.65
1.65
Sept. 9 . .
11..
18..
25..
1.075
1.076
1.083
1.092
1.08
1.08
1.09
1.10
1.17
1.17
1.17
1.18
1.66
1.68
1.69
1.70
Nov. 5 . . .
12...
19...
26...
1.063
1.074
[.056
1.052
1.08
1.08
1.05
1.07
1.10
1.10
1.08
1.09
1.37
1.36
1.36
1.38
1951
Jan. 6 . . .
13...
20...
27...
Feb. 3 . . .
10...
17...
24...
1.381
1.387
1.391
1.389
1.391
1.391
1.391
1.390
.32
.36
.32
.35
1.47
1.66
1.67
1.66
1.66
.38
.36
.36
.36
1.61
1.61
1.59
1.59
1.67
1.68
1.67
1.67
8..
1.00
T
i
T
16..
23..
30..
1.109
1.114
1.118
1.118
1.120
1.12
Nov. 6..
13..
20..
27..
1.129
1.138
1.141
1.147
1.15
Oct. 2 . .
9..
Dec. 1 14 . .
1.150
ii..
i i ^"y
1.1DZ
18..
25..
1.153
1.154
T
.11
.11
.12
.13
.14
.14
.14
.14
L.
i1 Va
J
T
1.20
1.23
1.70
1.71
1.71
1.71
1.72
i
1.22
1.72
1.71
1.67
1.69
.21
1.67
T
1.23
.22
15..
22..
29..
1..
1.157
1.155
1.160
1.160
1.160
Feb. 5 . .
12..
19..
26..
1.161
1.163
1.163
1.164
8..
1.11
1.11
1.10
1.09
1.09
1.38
1.37
1.37
1.36
1.37
Jan. 7 . . .
14...
21...
28...
1.081
1.076
1.101
1.103
1.06
1.06
1.07
1.08
1.10
1.10
1.13
1.13
1.35
1.36
1.39
1.42
Mar. 3 . . .
10...
17...
24...
31...
1.390
1.406
1.402
1.405
1.507
.37
.37
.35
.38
.50
1.60
1.72
1.79
1.80
1.94
1.69
1.78
1.86
1.92
2.03
1950
1.65
1.64
Feb. 4 . . .
11...
18...
25...
1.118
1.119
1.131
1.132
1.11
1.11
1.12
1.12
1.14
1.14
1.15
1.15
1.44
1.43
1.45
1.44
Apr. 7 . . .
14...
21...
28...
1.517
1.528
1.529
1.506
.48
.50
: .46
.44
1.90
1.91
1.96
1.82
2.03
2.02
2.05
2.00
1.63
1.61
1.60
1.59
1.58
Mar. 4 . . .
11...
18...
25...
1.137
1.139
1.131
1.138
1.12
1.12
1.11
1.12
1.16
1.16
1.16
1.16
1.44
1.44
1.45
1.45
May 5 . . .
12...
19...
26...
1.508
1.566
1.626
1.591
.48
.56
.59
.55
1.75
1.89
1.90
1.84
2.02
2.07
2.05
2.01
Apr. 1 . . .
8...
15...
22...
29...
1.145
1.148
1.160
1.160
1.166
1.13
1.14
1.15
1.14
1.16
1.16
1.17
1.16
1.17
1.19
1.45
1.44
1.45
1.45
1.46
June 2 . , .
9...
16...
23...
30...
1.600
1.555
1.467
1.445
1.527
.54
.47
.36
1.85
1.79
1.76
1.78
1.82
2.02
2.00
1.98
2.01
2.02
T
1.12
1.12
1.11
1.09
1.09
.22
T
X
[.108
1.115
1.115
1.087
1.087
Dec. 3 . . .
10...
17...
24...
31...
i &^
I.CO
i
1.16
1.17
1.17
I
"71
1.21
1949
Jan.
T
T
1
1.22
1.57
1.57
1.58
1.59
55
1.41
1.53
7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES — Continued
B.
WEEKLY, 1941-63 — Continued
[Per cent per annum]
3-month bills
3-month bills
Week
ending—
9-to
12month
issues
3-to
5-year
issues
Week
ending—
Sept. 6 . . .
13...
20...
27...
1.884
1.850
1.774
1.635
1.84
1.81
1.62
1.60
1.94
1.98
1.95
1.94
2.28
2.28
2.26
2.28
1.93
[.91
1.90
1.87
Oct. 4 . . .
11...
18...
25...
1.760
1.829
1.836
1.735
1.71
1.79
1.75
1.67
1.92
1.90
1.82
1.79
1.68
1.67
1.69
1.71
1.74
1.87
1.89
1.91
.93
1.98
Nov. 1 . . .
8...
15...
22...
29...
1.757
1.796
1.843
1.877
1.931
1.75
1.78
1.83
1.87
1.93
1.59
1.50
1.53
1.54
1.76
1.75
1.75
1.73
2.00
1.98
2.01
2.01
Dec.
2.049
2.091
2.138
2.228
1.617
1.610
1.619
1.585
1.55
1.57
1.58
1.52
1.72
1.68
1.68
1.68
2.01
2.01
2.00
2.03
1.609
1.632
1.700
1.725
1.865
1.58
1.63
1.69
1.74
1.88
1.68
1.70
1.73
1.79
1.90
2.00
2.02
2.03
2.10
2.24
Jan. 3 . . .
10...
17...
24...
31...
Feb.
7,.
14..
21..
28..
1.604
1.615
1.562
1.591
1.58
1.55
1.53
1.57
1.80
1.77
1.73
1.70
1.99
1.94
1.92
1.91
Aug. 4 . .
11..
18..
25..
1.611
1.652
1.660
1.651
1.60
1.62
1.63
1.61
1.72
1.73
1.71
1.68
Sept. 1..
8..
15..
22..
29..
1.645
1.646
1.646
1.644
1.647
1.62
1.63
1.63
1.62
1.63
Oct.
6..
13..
20..
27..
t.646
1.576
1.615
1.593
Nov. 3 . .
10..
17..
24..
Dec.
1..
8..
15..
22..
29..
1952
1.36
1.47
1.42
1.50
1.59
1.56
1.49
1.50
2.34
2.34
2.31
2.30
1.589
1.603
1.682
1.704
1.59
1.62
1.68
1.64
1.62
1.59
1.63
1.62
2.31
2.23
2.22
2.19
Jan. 2 . . .
9...
16...
23...
30...
1.574
1.314
1.336
1.208
.998
1.48
1.30
1.28
1.12
1.01
1.58
1.56
1.44
1.22
1.09
2.14
2.12
2.07
1.99
1.97
Feb.
6...
13...
20...
27...
1.031
.893
1.024
.986
.99
.91
.98
.98
1.04
.99
1.03
.96
.93
.87
1.82
1.74
Mar. 6 . . .
13...
20...
27...
1.059
1.066
1.056
1.030
1.03
1.04
1.02
1.03
1.09
1.09
1.01
.94
.85
.85
.77
1.74
Apr. 3 . . .
10...
17...
24...
1.063
1.013
1.066
1.027
1.03
1.00
1.04
.99
.92
.99
.94
.88
1.75
1.73
.74
1.70
Rate
on new
issue
Market
yield
Nov. 7 . . .
14...
21...
28...
1.306
1.482
1.433
1.488
2.29
2.29
2.27
2.23
Dec. 5 . . .
12...
19...
26...
1.82
1.81
1.85
1.93
1.96
2.24
2.22
2.25
2.25
2.27
1954
2.01
2.07
2.13
2.22
2.00
2.02
2.04
2.06
2.26
2.26
2.32
2.36
2.191
1.986
2.124
2.097
1.961
2.03
1.99
2.05
1.91
1.92
1.99
1.96
2.01
1.96
1.97
2.36
2.37
2.41
2.38
2.40
7...
14...
21...
28...
2.031
1.993
1.976
2.070
1.95
1.93
1.96
2.07
1.99
1.94
1.95
2.02
2.41
2.39
2.42
2.46
1953
1952
1951
3- to
5-year
issues
Week
ending—
Market
yield
Market
yield
9- to
12month
issues
3-to
5-year
issues
Rate
on new
issue
Rate
on new
issue
July
3-month bills
9-to
12month
issues
6...
13...
20...
27...
1953
Jan.
5..
12..
19..
26..
1.883
1.686
1.684
1.599
1.70
1.63
1.58
1.49
1.81
1.77
1.76
1.72
2.14
2.10
2.06
2.05
Mar. 7 . . .
14...
21...
28...
2.164
2.098
2.029
2.036
2.09
2.03
1.98
1.97
2.04
2.02
2.01
2.09
2.42
2.44
2.46
2.52
May 1 . . .
8...
15...
22...
29...
.886
.773
.825
.813
.718
.82
.75
.80
.79
.71
.78
.69
.74
.82
.79
1.66
1.70
1.77
1.81
.86
Feb.
2..
9..
16..
23..
1.589
1.584
[.643
1.507
1.51
1.55
1.57
1.51
1.71
1.71
1.71
1.70
2.05
2.06
2.08
2.08
Apr. 4 . . .
11...
18...
25...
2.029
2.073
2.219
2.320
2.02
2.10
2.24
2.25
2.13
2.18
2.29
2.32
2.52
2.53
2.59
2.65
June 5 . . .
12...
19...
26...
.714
.616
.633
.635
.69
.61
.63
.62
.81
.78
.75
.72
.86
1.81
1.78
1.74
Mar. 1..
8..
15..
22..
29..
1.563
1.656
1.784
1.601
1.592
1.55
1.67
1.67
1.53
1.50
1.69
1.75
1.74
1.66
1.63
2.08
2.10
2.05
1.99
1.96
May 2 . . .
9...
16...
23...
30...
2.243
2.352
2.271
2.092
2.084
2.22
2.29
2.15
2.03
2.14
2.38
2.41
2.30
2.29
2.55
2.75
2.85
2.82
2.84
2.96
July 3 . . .
10...
17...
24...
31...
.646
.671
.701
.731
.800
.65
.66
.72
.74
.78
.71
.69
.66
.63
.60
1.72
.68
1.67
1.70
1.72
Apr. 5 . .
12..
19..
26..
1.598
[.629
1.650
1.616
1.49
1.57
1.58
1.59
1.60
1.59
1.59
1.62
1.95
1.96
1.90
1.91
June 6 . . .
13...
20...
27...
2.416
2.324
2.229
1.954
2.27
2.27
2.04
1.89
2.59
2.50
2.43
2.36
3.09
2.95
2.88
2.81
Aug. 7 . . .
14...
21...
28...
.797
.892
.898
.983
.79
.91
.92
.99
.58
.63
.62
.69
.74
1.76
.74
.74
May 3 . .
10..
17..
24..
31..
1.691
1.710
1.725
1.694
1.728
1.65
1.68
1.67
1.65
1.70
1.63
1.67
1.67
1.65
1.67
1.92
1.94
1.94
1.94
1.97
July 4 . . .
11...
18...
25...
2.107
2.007
2.106
2.126
1.98
1.96
2.03
2.10
2.40
2.40
2.36
2.34
2.78
2.78
2.71
2.67
Sept. 4 . . .
11...
18...
25...
1.023
1.016
1.024
.986
1.03
1.02
1.02
.99
.80
.85
.89
.91
.75
.77
.79
.82
June 7 . .
14..
21..
28..
1.737
1.753
1.626
1.682
1.73
1.71
1.58
1.74
1.69
1.72
[.74
1.81
1.99
2.02
2.05
2.09
Aug. 1 . . .
8...
15...
22...
29...
2.157
2.136
2.116
2.101
2.001
2.11
2.07
2.08
2.06
1.98
2.30
2.35
2.37
2.34
2.29
2.70
2.72
2.79
2.80
2.78
Oct. 2 . . .
9...
16...
23...
30...
.984
.966
.966
1.009
1.007
.99
.94
.98
1.00
1.00
.97
.98
.99
1.06
1.08
.84
.83
.82
.86
.90
July
5..
12..
19..
26..
[.788
1.793
1.810
1.850
1.75
1.77
1.81
1.84
[.85
.88
.88
1.91
2.09
2.11
2.12
2.16
Sept. 5 . . .
12...
19...
26...
1.961
1.953
1.957
1.634
1.94
1.96
.83
.63
2.30
2.28
2.19
2.07
2.78
2.77
2.73
2.65
Nov. 6 . . .
13...
20...
27...
1.023
.940
.931
.897
1.00
.90
.89
.92
1.06
.96
.85
.88
.92
.92
.89
.87
Aug. 2 . .
9..
16..
23..
30..
1.877
1.860
1.903
1.841
1.899
.86
1.85
1.81
1.79
1.87
.89
1.92
1.93
1.93
1.98
2.20
2.27
2.30
2.29
2.31
Oct. 3 . . .
10...
17...
24...
31...
.583
1.397
1.438
1.372
1.220
.54
1.40
1.44
1.35
1.27
1.99
1.85
1.73
1.61
1.59
2.48
2.40
2.42
2.35
2.34
Dec. 4 . . .
11...
18...
25...
1.029
1.087
1.247
1.333
1.02
1.09
1.25
1.24
1.01
1.04
1.13
1.16
.91
.92
.94
1.96
56
7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES — Continued
B.
WEEKLY, 1941-63 — Continued
[Per cent per annum]
Rate
on new
issue
Market
yield
3-month bills
3-month bills
3-month bills
Week
ending—
9- to
12month
issues
3- to
5-year
issues
Week
ending—
Rate
on new
issue
Market
yield
9- to
12month
issues
3-to
5-year
issues
Week
ending—
1956
1955
9- to
12month
issues
3-to
5-year
issues
3.00
2.93
2.98
3.14
3.43
3.36
3.35
3.35
3.54
3.55
3.60
3.63
Rate
on new
issue
Market
yield
May 4 . . .
11...
18...
25...
3.039
2.909
2.894
3.122
1957
Jan.
1..
8..
15..
22..
29..
1.175
1.049
1.222
1.407
1.349
1.08
.09
1.28
1.32
.24
1.13
1.23
1.39
1.42
1.40
1.97
2.04
2.13
2.15
2.11
Mar. 3 . . .
10...
17...
24...
31...
2.409
2.173
2.374
2.422
2.173
2.24
2.24
2.36
2.26
2.19
2.47
2.42
2.44
2.42
2.42
2.71
2.75
2.81
2.89
2.94
Feb.
5..
12..
19..
26..
1.134
1.088
1.130
1.355
.11
.05
.16
.35
1.37
1.33
1.38
1.55
2.09
2.10
2.18
2.34
Apr. 7 . . .
14...
21...
28...
2.397
2.497
2.769
2.788
2.38
2.55
2.74
2.71
2.68
2.78
2.93
2.92
3.02
3.07
3.18
3.16
June 1 . . .
8...
15...
22...
29...
3.245
3.374
3.256
3.404
3.231
3.26
3.30
3.27
3.36
3.23
3.42
3.51
3.53
3.59
3.58
3.72
3.69
3.68
3.84
3.86
Mar. 5 . .
12..
19..
26..
1.417
1.231
1.286
1.366
.29
.23
1.26
.30
1.56
1.50
1.48
1.44
2.35
2.33
2.26
2.26
May 5 . . .
12...
19...
26...
2.741
2.524
2.708
2.702
2.61
2.55
2.67
2.65
2.91
2.88
2.87
2.75
3.10
3.11
3.08
2.97
July 6 . . .
13...
20...
27...
3.238
3.171
3.092
3.158
3.19
3.13
3.04
3.18
3.66
3.68
3.70
3.74
3.82
3.83
3.90
3.98
Apr.
2..
9..
16..
23..
30..
1.374
1.466
1.652
1.664
1.697
.37
.49
.63
.65
1.62
1.53
1.68
1.71
1.71
1.79
2.35
2.38
2.38
2.39
2.43
June 2 . . .
9...
16...
23...
30...
2.573
2.562
2.581
2.430
2.535
2.55
2.53
2.51
2.41
2.48
2.74
2.82
2.72
2.60
2.60
2.91
2.92
2.85
2.83
2.90
Aug. 3 . . .
10...
17...
24...
31...
3.363
3.308
3.498
3.354
3.497
3.34
3.29
3.40
3.32
3.47
3.79
3.83
3.98
3.96
3.99
3.91
3.91
3.97
3.91
3.87
May 7 . .
14..
21..
28..
1.627
1.440
1.427
1.471
1.55
1.42
1.41
1.44
.75
1.71
1.70
1.70
2.41
2.39
2.38
2.41
July 7 . . .
14...
21...
28...
2.409
2.387
2.237
2.303
2.33
2.33
2.26
2.32
2.56
2.54
2.55
2.74
2.85
2.90
2.96
3.09
Sept. 7 . . .
14...
21...
28...
3.571
3.575
3.633
3.534
3.54
3.55
3.58
3.48
4.00
4.00
4.01
4.06
3.86
3.91
3.94
3.98
June 4 . .
11..
18..
25..
1.434
1.390
1.514
1.420
1.37
1.41
1.47
1.37
1.74
1.71
1.71
1.68
2.40
2.40
2.38
2.43
Aug. 4 . . .
11...
18...
25...
2.378
2.399
2.603
2.818
2.29
2.40
2.64
2.82
2.85
2.92
3.00
3.10
3.19
3.26
3.37
3.43
Oct.
5...
12...
19...
26...
3.528
3.525
3.660
3.619
3.49
3.54
3.64
3.59
4.02
3.91
3.99
3.89
3.97
3.94
4.04
3.99
July
2..
9..
16..
23..
30..
1.401
1.541
1.606
1.620
1.720
1.43
.51
.57
.61
1.71
1.71
.88
.87
1.85
[.92
2.48
2.48
2.49
2.55
2.64
Sept. 1 . . .
8...
15...
22...
29...
2.832
2.736
2.770
2.908
2.985
2.72
2.68
2.79
2.91
2.94
3.10
3.14
3.19
3.16
3.18
3.46
3.49
3.48
3.36
3.39
Nov. 2 . . .
9...
16...
23...
30...
3.622
3.571
3.473
3.145
3.158
3.59
3.50
3.38
3.12
3.14
3.90
3.77
3.54
3.34
3.38
4.01
3.91
3.80
3.43
3.32
Aug.
6..
13..
20..
27..
1.850
1.889
1.888
1.875
.88
.87
.84
1.90
2.12
2.12
2.07
2.11
2.75
2.70
2.69
2.72
Oct.
6...
13...
20...
27...
2.899
3.013
3.024
2.907
2.87
2.96
2.94
2.86
3.11
3.10
3.06
3.02
3.25
3.25
3.23
3.34
Dec. 7 . . .
14...
21...
28...
3.105
2.991
3.140
3.174
3.07
3.01
3.12
3.10
3.33
3.12
3.01
2.96
3.18
3.09
3.00
2.96
Sept. 3 . .
10..
17..
24..
2.088
2.134
2.104
1.981
2.08
2.10
2.06
1.99
2.22
2.16
2.10
2.13
2.80
2.77
2.76
2.70
Nov. 3 . . .
10...
17...
24...
2.889
2.914
2.979
3.043
2.85
2.91
2.98
3.04
3.09
3.09
3.10
3.16
3.45
3.45
3.42
3.45
Oct.
1..
8..
15..
22..
29..
2.122
2.214
2.257
2.333
2.231
2.11
2.21
2.26
2.25
2.21
2.15
2.20
2.21
2.20
2.17
2.61
2.57
2.56
2.60
2.60
Dec.
3.174
3.102
3.268
3.331
3.217
3.08
3.12
3.24
3.27
3.20
3.23
3.26
3.30
3.37
3.40
3.60
3.67
3.68
3.66
3.57
Nov. 5 . .
12..
19..
26..
2.179
2.034
2.248
2.440
2.06
2.07
2.29
2.41
2.11
2.14
2.28
2.43
2.57
2.61
2.73
2.79
Dec.
2.450
2.471
2.591
2.618
2.688
2.41
2.48
2.54
2.63
2.58
2.44
2.47
2.51
2.62
2.73
2.80
2.81
2.83
2.84
2.87
5...
12...
19...
26...
3.262
3.197
3.223
3.085
3.14
3.08
3.09
3.10
3.38
3.23
3.14
3.09
Feb. 2 . . .
9...
16...
23...
3.283
3.132
3.057
3.182
3.16
3.05
3.01
3.15
3..
10..
17..
24..
31..
1956
1...
8...
15...
22...
29...
1958
Jan.
4...
11...
18...
25...
2.752
2.858
2.591
2.587
2.77
2.75
2.57
2.37
2.84
2.73
2.59
2.52
2.84
2.79
2.74
2.77
Feb.
1...
8...
15...
22...
2.202
1.583
1.730
1.731
1.92
1.65
1.69
1.62
2.29
2.09
2.05
1.93
2.78
2.78
2.72
2.67
3.63
3.47
3.33
3.31
Mar. 1 . . .
8...
15...
22...
29...
1.202
1.351
1.532
1.343
1.189
1.22
1.39
1.39
1.33
1.11
1.69
1.76
1.77
1.85
1.73
2.54
2.53
2.53
2.50
2.45
3.11
3.15
3.24
3.29
3.34
3.27
3.29
3.36
Apr. 5 . . .
12...
19...
26...
.148
.074
.225
.055
1.08
1.10
1.13
1.13
1.54
1.29
1.31
1.32
2.44
2.40
2.32
2.22
1957
Jan.
Jan.
7..
14..
21..
28..
2.489
2.596
2.493
2.245
2.51
2.53
2.39
2.28
2.69
2.58
2.41
2.39
2.87
2.81
2.68
2.66
Mar. 2 . . .
9...
16...
23...
30...
3.288
3.246
3.238
3.041
3.034
3.25
3.18
3.15
3.00
2.97
3.29
3.33
3.38
3.35
3.35
3.38
3.29
3.37
3.39
3.38
May 3 . . .
10...
17...
24...
31...
.367
.187
.112
.931
.635
1.23
1.11
1.02
.74
.58
1.39
1.33
1.26
1.13
1.01
2.30
2.29
2.26
2.23
2.20
Feb.
4..
11..
18..
25..
2.402
2.271
2.388
2.429
2.29
2.26
2.36
:L40
2.40
2.34
2.34
:2.41
2.65
2.63
2.63
2.67
Apr. 6 . . .
13...
20...
27...
3.050
3.154
3.194
3.054
3.03
3.13
3.11
3.02
3.36
3.41
3.44
3.44
3.42
3.46
3.49
3.51
June 7 . . .
14...
21...
28...
.723
.841
.953
1 .006
.71
.83
.92
.90
.91
.91
.97
1.10
2.14
2.17
2.28
2.39
57
7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES — Continued
B.
3-month bills
Week
ending—
Rate
on new
issue
Market
yield
6-month bills
Rate
on new
issue
Market
yield
WEEKLY, 1941-63 — Continued
[Per cent per annum]
9- to 12-month
issues
Bills
(market
yield)
Other 2
3-month bills
3- to
5-year
issues
Week
ending—
1958
6-month bills
9- to 12-month
issues
3-to
5-year
issues
Rate
on new
issue
Market
yield
Rate
on new
issue
Market
yield
Bills
(market
yield)
Other 2
3.889
3.979
4.166
3.958
3.95
4.02
4.13
3.98
4.468
4.473
4.796
4.766
4.48
4.55
4.82
4.77
4.64
4.72
4.95
4.83
4.69
4.73
4.91
4.78
4.71
4.73
4.86
4.79
4.194
4.007
4.262
4.099
4.022
4.10
4.02
4.24
3.99
4.00
4.895
4.678
4.666
4.490
4.499
4.80
4.59
4.65
4.45
4.37
4.95
4 69
4.82
4 66
4.54
4.88
4.75
4.77
4.53
4.47
4.82
4.76
4.72
4.58
4.65
4.137
4.089
4.332
4.279
4.03
4.04
4.20
4.24
4.437
4.534
4.744
4.625
4.42
4.50
4.57
4.62
4.42
4 43
4.55
4.66
4.62
4.62
4.73
4.80
4.70
4.71
4.75
4.78
4.501
4.638
4.535
4.670
4.50
4.48
4.49
4.57
4.891
4.969
4.834
4.940
4.86
4.81
4.77
4.90
4.98
4 97
4.96
5 01
4.93
4.99
4.98
5.00
4.90
4.92
4.95
5.00
4.516
4.602
4.590
4.436
4.116
4.40
4.59
4.53
4.27
4.01
4.942
5.099
4.989
4.665
4.608
4.91
5.07
4.81
4.60
4.49
5.02
5.15
4.96
4 92
4.76
5.00
5.11
5.00
4.87
4.75
4.99
4.97
4.91
4.81
4.80
4.039
3.563
4.045
4.168
3.94
3.67
4.04
4.14
4.501
4.094
4.294
4.396
4.42
4.08
4.30
4.34
4.56
4.41
4.41
4.39
4.61
4.41
4.63
4.63
4.69
4.61
4.64
4.70
4.278
3.641
3.451
3.033
3.92
3.60
3.41
2.84
4.458
4.024
3.619
3.176
4.27
3.87
3.57
3.17
4.31
3.97
3.56
3 27
4.55
4.14
3.84
3.47
4.58
4.35
4.17
4.02
2.792
2.731
3.622
3.306
3.317
2.88
2.96
3.56
3.34
3.19
3.187
2.927
3.854
3.705
3.705
3.21
3.18
3.86
3.73
3.58
3.32
3 30
3.91
4 17
4.08
3.69
3.57
4.23
4.17
4.14
4.11
4.06
4.25
4.32
4.34
3.003
3.274
3.793
3.497
3.08
3.32
3.50
3.29
3.349
3.521
4.000
3.867
3.41
3.55
3.77
3.64
4.01
4.05
4.09
3.75
4.11
4.08
4.34
4.26
4.37
4.35
4.51
4.48
3.184
2.716
2.292
2.613
2.94
2.61
2.31
2.39
3.495
2.871
2.497
2.877
3.18
2.80
2.52
2.76
3.56
3 23
2.90
3.04
3.87
3.47
3.15
3.29
4.24
4.12
3.99
4.01
2.399
2.307
2.567
2.307
2.404
2.18
2.27
2.41
2.31
2.24
2.806
2.805
3.175
2.625
2.701
2.64
2.85
2.87
2.62
2.56
2.95
3.03
3.07
3 12
2.92
3.20
3.23
3.18
3.12
3.00
3.99
3.87
3.76
3.67
3.54
2.131
2.215
2.278
2.518
2.13
2.18
2.31
2.43
2.409
2.458
2.621
2.806
2.39
2.48
2.66
2.70
2.81
2.79
2.83
2.81
2.86
2.84
2.93
2.90
3.49
3.52
3.52
3.47
1959
July 5 . . . .
12....
19....
26....
.768
.934
1.137
.988
.79
.95
.94
.88
1.13
1.25
1.44
1.36
2.45
2.51
2.57
2.50
Sept 5
Aug. 2 . . . .
9
16....
23
30....
.984
1.165
1.524
1.895
2.162
.94
1.20
1.58
1.91
2.23
1.49
1.68
1.97
2.39
2.62
2.65
2 86
3.03
3.19
3.44
Oct 3
10
Sep.. 6 . . . .
20....
27....
2.462
2.359
2.605
2.511
2.32
2.37
2.45
2.48
2.76
2.81
2.83
2.85
3.56
3 56
3.55
3.56
Nov 7
14..
Oct. 4 . . . .
11
18....
25
2.920
2.668
2.927
2.804
2.70
2.64
2.67
2.69
3.04
2.98
2.76
2.74
3.72
3 58
3.52
3 67
Dec 5
12
Nov. 1 . . . .
8
15....
22....
29....
2.647
2.649
2.774
2.876
2.723
2.53
2.49
2.71
2.73
2.72
2.67
2.87
2.90
2.94
2.96
3.66
3 62
3.59
3.60
3.58
Jan
Dec. 6 . . . .
13....
20....
27....
2.806
2.805
2.904
2.739
2.79
2.82
2.82
2.71
3.081
3.095
3.017
3.04
2.96
3.30
3.30
3.27
3.18
3.63
3.61
3.65
3.68
Feb 6 . . .
Jan. 3 . . . .
10....
17....
24
31....
2.690
2.678
2.808
3.035
2.975
2.67
2.72
2.86
2.97
2.77
2.920
2.959
3.034
3.233
3.337
2.92
2.98
3.05
3.23
3.14
3.04
3.00
3.27
3.47
3.38
3.70
3.73
3.87
3 95
3.92
Feb. 7
14....
21
28....
2.721
2.810
2.726
2.589
2.70
2.72
2.63
2.76
3.107
3.326
3.253
2.978
3.12
3.20
3.07
3.13
3.44
3.40
3.33
3.34
3.94
3.92
3.77
3.77
Mar. 7 . . . .
14....
21....
28
2.816
3.062
2.763
2.766
2.84
2.85
2.77
2.76
3.111
3.375
3.058
3.093
3.14
3.15
3.09
3.11
3.51
3.63
3.59
3.53
3.78
3.88
3.89
3.94
May 7
Apr. 4
11
18....
25....
2.841
2.948
3.075
3.105
2.84
2.96
3.09
2.98
3.236
3.249
3.351
3.361
3.20
3.25
3.36
3.33
3.50
3.52
3.70
3.78
3.96
3.99
4.04
4.09
June 4
11
May 2 . . . .
9....
16
23
30....
2.831
2.935
2.722
2.869
2.878
2.81
2.83
2.76
2.85
2.92
3.189
3.316
3.408
3.376
3.373
3.17
3.29
3.35
3.32
3.36
3.80
3.86
3.93
3.97
3.93
4.08
4.10
4.18
4.17
4.18
July 2
June 6
13....
20....
27....
3.149
3.283
3.276
3.281
3.15
3.27
3.24
3.22
3.489
3.565
3.486
3.585
3.47
3.51
3.47
3.59
3.99
3.97
3.88
3.98
4.28
4.31
4.33
4.36
July 4 . . . .
11
18....
25....
3.164
3.266
3.401
3.337
3.16
3.28
3.37
3.15
3.703
3.964
4.029
3.869
3.68
3.89
3.90
3.81
4.35
4.13
4.38
4.33
4.32
4.40
4.42
4.38
4.41
Sept. 3
10
17
24
2.550
2.520
2.654
2.434
2.53
2.56
2.58
2.43
2.825
2.802
2.916
2.743
2.82
2.83
2.87
2.80
2.87
2.87
2.89
2.82
2.93
2.98
3.03
2.98
3.51
3.51
3.53
3.47
Aug. 1
8....
15....
22....
29....
3.047
3.043
3.150
3.417
3.824
3.01
3.00
3.17
3.50
3.73
3.860
3.737
3.690
3.782
4.152
3.76
3.68
3.66
3.84
4.18
4.23
4.19
4.19
4.34
4.44
4.25
4.14
4.14
4.34
4.59
4.40
4.37
4.31
4.44
4.63
Oct. 1
8
15
22
29
2.286
2.473
2.698
2.406
2.129
2.35
2.40
2.54
2.23
2.11
2.729
2.925
3.079
2.806
2.569
2.82
2.88
2.88
2.71
2.53
2.87
2.92
2.95
2.99
2.85
2.99
3.05
3.07
3.02
2.93
3.50
3.60
3.65
3.62
3.57
12
19..
26
17
24
31
21
28
19
26
1960
23
30
13
20.. .
27
1959
Mar. 5
12
19
26
Apr 2
9
16
23
30
14
21
28
18
25...
9
16
23
30
Aug
For notes see p. 60.
2
9
16
58
-i3:::::
20
27
7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES — Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]
3-month bills
6-month bills
Mar-
yield
Rate
on new
issue
2.127
2.390
2.624
2.396
2.20
2.40
2.46
2.38
2.326
2.328
2.334
2.222
2.148
Rate
on new
issue
Mar-
9- to 12-month
issues
3-month bills
3-to
5-year
issues
yield
Bills
(market
yield)
2.50
2.59
2.75
2.71
2.82
2.85
2.91
2.87
2.84
2.86
3.08
3.08
3.59
3.63
3.69
3.72
2.35
2.28
2.25
2.24
2.18
2.640
2.663
2.621
2.392
2.333
2.70
2.62
2.50
2.42
2.38
2.86
2.77
2.63
2.56
2.50
3.05
2.93
2.76
2.74
2.61
3.75
3.59
3.49
3.46
3.40
2.234
2.385
2.358
2.230
2.28
2.28
2.25
2.17
2.429
2.602
2.530
2.422
2.48
2.51
2.46
2.42
2.56
2.57
2.71
2.66
2.67
2.72
2.74
2.65
3.39
3.52
3.59
3.57
2.299
2.374
2.462
2.496
2.29
2.35
2.40
2.51
2.497
2.566
2.652
2.688
2.49
2.55
2.59
2.68
2.68
2.71
2.73
2.83
2.72
2.76
2.87
2.93
3.57
3.56
3.56
3.48
2.594
2.485
2.352
2.278
2.56
2.44
2.35
2.28
2.779
2.674
2.455
2.471
2.75
2.56
2.47
2.45
2.86
2.76
2.71
2.71
2.99
2.91
2.82
2.78
3.49
3.36
3.44
3.45
2.392
2.470
2.360
2.292
2.186
2.38
2.36
2.31
2.25
2.23
2.576
2.658
2.556
2.458
2.300
2.54
2.58
2.52
2.41
2.35
2.78
2.75
2.68
2.77
2.76
2.86
2.92
2.82
2.79
2.81
3.43
3.45
3.40
3.38
3.32
2.300
2.232
2.264
2.354
2.22
2.23
2.29
2.39
2.417
2.423
2.435
2.470
2.38
2.40
2.43
2.53
2.69
2.66
2.70
2.80
2.76
2.75
2.82
2.91
3.23
3.15
3.24
3.43
2.438
2.516
2.295
2.325
2.38
2.40
2.32
2.31
2.593
2.727
2.492
2.519
2.60
2.64
2.50
2.50
2.82
2.83
2.78
2.78
2.98
3.02
3.01
3.02
3.56
3.69
3.67
3.74
2.219
2.305
2.322
2.200
2.244
2.27
2.31
2.25
2.19
2.22
2.399
2.486
2.512
2.385
2.446
2.45
2.49
2.46
2.39
2.46
2.77
2.80
2.72
2.81
2.83
3.01
2.98
2.88
2.82
2.84
3.71
3.69
3.72
3.66
3.68
2.300
2.366
2.519
2.503
2.28
2.38
2.50
2.43
2.557
2.617
2.765
2.793
2.51
2.64
2.78
2.71
2.85
2.93
2.95
2.89
2.85
3.02
3.11
3.09
3.74
3.86
3.83
3.77
2.321
2.392
2.328
2.262
2.233
2.34
2.32
2.29
2.26
2.25
2.617
2.692
2.685
2.681
2.697
2.65
2.67
2.68
2.69
2.69
2.90
2.89
2.88
2.87
2.87
3.06
3.06
3.05
3.03
2.98
3.77
3.81
3.80
3.76
3.70
2.302
2.389
2.382
2.325
2.28
2.34
2.29
2.29
2.683
2.684
2.734
2.708
2.64
2.67
2.68
2.67
2.83
2.84
2.97
2.94
2.91
2.96
3.02
2.97
3.65
3.67
3.66
3.62
2.280
2.349
2.516
2.537
2.28
2.40
2.53
2.54
2.613
2.554
2.721
2.734
2.58
2.61
2.74
2.73
2.88
2.87
2.93
2.91
2.91
2.89
2.96
2.99
3.61
3.63
3.70
3.69
2.606
2.625
2.579
2.670
2.594
2.56
2.58
2.59
2.61
2.66
2.806
2.867
2.874
2.915
2.845
2.78
2.88
2.89
2.86
2.90
2.91
2.97
2.97
2.95
3.02
2.98
3.03
3.02
3.04
3.04
3.73
3.82
3.84
3.81
3.81
Rate
on new
issue
Mar-
Jan. 6 . .
13..
20..
27..
Other 2
2.453
2.572
2.825
2.749
Week
ending—
ket
ket
6-month bills
Mar-
yield
Rate
on new
issue
2.703
2.823
2.770
2.688
2.72
2.78
2.73
2.67
Feb. 3 . .
10..
17..
24..
2.705
2.695
2.759
2.849
Mar. 3 . .
10..
17..
24..
31..
9- to 12-month
issues
3-to
5-year
yield
Bills
(market
yield)
Other 2
2.941
3.073
2.970
2.875
2.96
3.02
2.90
2.89
3.06
3.12
3.27
3.25
3.07
3.13
3.09
3.04
3.79
3.83
3.87
3.85
2.69
2.70
2.81
2.74
2.939
2.898
2.952
3.031
2.92
2.92
3.00
2.93
3.26
3.24
3.26
3.18
3.04
3.06
3.14
3.20
3.88
3.83
3.78
3.73
2.664
2.721
2.804
2.689
2.719
2.69
2.74
2.74
2.70
2.73
2.847
2.883
2.972
2.854
2.857
2.87
2.88
2.91
2.84
2.86
3.10
3.05
3.02
2.93
2.90
3.09
3.04
3.02
2.96
2.93
3.62
3.60
3.61
3.49
3.50
Apr. 7. .
14..
21..
28..
2.757
2.720
2.723
2.740
2.72
2.74
2.72
2.73
2.875
2.814
2.825
2.837
2.82
2.84
2.82
2.83
2.86
2.86
2.95
2.95
2.88
2.94
2.96
2.98
3.43
3.47
3.48
3.52
May 5 . .
12..
19..
26..
2.748
2.720
2.646
2.700
2.74
2.67
2.67
2.69
2.845
2.816
2.744
2.795
2.83
2.77
2.77
2.77
2.94
2.90
2.91
2.92
2.97
2.91
2.99
3.04
3.52
3.47
3.55
3.57
June 2 . .
9..
16..
23..
30..
2.656
2.691
2.671
2.721
2.792
2.68
2.65
2.69
2.73
2.84
2.743
2.787
2.758
2.800
2.872
2.76
2.74
2.76
2.80
2.90
2.88
2.86
2.86
2.88
2.97
3.00
2.97
2.97
3.03
3.12
3.53
3.50
3.46
3.50
3.60
July 7 . .
14..
21..
28..
2.930
2.974
2.983
2.892
2.92
2.97
2.95
2.88
3.008
3.096
3.133
3.103
3.00
3.09
3.13
3.09
3.06
3.12
3.26
3.22
3.18
3.22
3.27
3.25
3.66
3.71
3.73
3.71
Aug
ket
ket
1962
18..
25..
Sept. 1. .
8..
15..
22..
29..
2.874
2.802
2.867
2.837
2.85
2.83
2.84
2.82
3.075
2.990
3.060
2.984
3.03
3.03
3.00
2.96
3.19
3.19
3.11
3.04
3.22
3.19
3.15
3.08
3.68
3.64
3.58
3.51
2.806
2.834
2.789
2.796
2.749
2.80
2.82
2.78
2.77
2.75
2.916
2.977
2.911
2.962
2.938
2.93
2.95
2.93
2.93
2.90
3.02
3.04
3.00
2.98
2.93
3.06
3.08
3.01
2.97
2.95
3.52
3.56
3.59
3.57
3.51
Oct. 6 . .
13..
20..
27..
2.752
2.760
2.749
2.742
2.75
2.76
2.74
2.74
2.902
2.864
2.843
2.828
2.89
2.86
2.84
2.83
2.90
2.87
2.92
2.91
2.92
2.91
2.88
2.89
3.44
3.46
3.46
3.48
Nov. 3 . .
10..
17...
24...
2.686
2.841
2.801
2.833
2.74
2.82
2.82
2.84
2.774
2.927
2.846
2.892
2.82
2.87
2.86
2.90
2.90
2.92
2.94
2.95
2.87
2.89
2.91
2.94
3.45
3.43
3.46
3.49
Dec. 1 . . .
8...
15...
22...
29...
2.853
2.861
2.807
2.861
2.894
2.86
2.85
2.84
2.88
2.89
2.936
2.945
2.861
2.901
2.924
2.94
2.91
2.88
2.90
2.93
2.97
2.94
2.93
2.94
2.95
2.95
2.97
2.94
2.94
2.96
3.48
3.48
3.44
3.41
3.41
Jan. 5 . . .
12...
19...
26...
2.926
2.920
2.884
2.923
2.89
2.90
2.90
2.93
2.966
2.966
2.932
2.976
2.94
2.95
2.95
2.99
2.95
2.96
3.00
3.03
2.99
2.99
2.96
2.97
3.44
3.45
3.44
3.50
Feb. 2 . . .
9...
16...
23...
2.917
2.946
2.944
2.905
2.93
2.95
2.93
2.90
2.972
2.995
2.995
2.969
2.99
3.00
2.99
2.96
3.02
3.02
3.01
2.99
2.95
2.89
2.87
2.88
3.50
3.47
3.46
3.46
1963
For notes see p. 60.
if::
59
7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES—Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]
3-month bills
Week
ending—
6-month bills
9- to 12-month
issues
3-month bills
Week
ending—
3- to
5-year
issues
6-month bills
9- to 12-month
issues
Market
yield
Rate
on new
issue
Market
yield
Aug. 3
-10
17
24
31
3.263
3.253
3.335
3.355
3.396
3.24
3.26
3.32
3.36
3.39
3.398
3.389
3.441
3.462
3.494
3.38
3.39
3.43
3.47
3.49
3.46
3.48
3.50
3.52
3.54
3.30
3.28
3.36
3.51
3.54
3.77
3.77
3.80
3.83
3.85
3.53
3.54
3.59
3.59
**-il
3.384
3.343
3.409
3.379
3.36
3.36
3.41
3.38
3.487
3.460
3.522
3.507
3.47
3.48
3.51
3.51
3.56
3.57
3.58
3.56
3.54
3.54
3.54
3.53
3.88
3.88
3.89
3.88
3.00
3.00
3.03
3.10
3.56
3.54
3.55
3.59
Oct. 5
12
19
26
3.408
3.459
3.458
3.488
3.41'
3.45
3.47
3.44
3.515
3.569
3.568
3.628
3.53
3.56
3.59
3.60
3.59
3.60
3.61
3.62
3.57
3.56
3.58
3.62
3.88
3.90
3.91
3.93
Market
yield
Rate
on new
issue
Market
yield
Mar. 2
9
16
23
30
2.870
2.897
2.870
2.902
2.919
2.90
2.89
2.88
2.90
2.91
2.922
2.938
2.931
2.955
2.977
2.94
2.93
2.94
2.96
2.98
2.98
2.97
2.95
2.97
2.99
2.93
2.99
2.97
2.99
3.01
3.50
3.49
3.49
3.51
3.53
Apr. 6
13
20
27
2.922
2.913
2.917
2.884
2.91
2.90
2.90
2.89
2.982
2.978
3.010
2.982
2.98
2.98
3.00
2.98
2.99
3.00
3.07
3.05
3.02
3.01
3.04
3.00
May 4
11
18
25
2.898
2.905
2.903
2.922
2.90
2.91
2.90
2.94
2.988
2.993
2.990
3.005
2.99
2.99
2.99
3.02
3.05
3.04
3.04
3.06
Bills
(market Other 2
yield)
Bills
(market Other 2
yield)
3-to
5-year
issues
Rate
on new
issue
Rate
on new
issue
1963
1963
..
21
28
'..
June
1
8
15
22
29
2.974
3.028
2.975
2.997
2.979
2.98
3.00
2.98
2.98
2.99
3.055
3.098
3.063
3.081
3.070
3.06
3.08
3.07
3.08
3.07
3.09
3.12
3.11
3.11
3.11
3.17
3.21
3.18
3.15
3.14
3.64
3.68
3.66
3.68
3.67
Nov. 2
9
16
23
30
3.452
3.517
3.565
3.524
3.480
3.47
3.54
3.55
3.51
3.48
3.586
3.621
3.678
3.660
3.631
3.59
3.64
3.68
3.65
3.63
3.60
3.68
3.69
3.67
3.66
3.61
3.66
3.68
3.75
3.74
3.94
3.98
3.97
3.98
3.97
July
6
13.
20
27
3.011
3.164
3.192
3.206
3.03
3.22
3.19
3.19
3.093
3.272
3.355
3.369
3.12
3.34
3.36
3.36
3.16
3.39
3.48
3.47
3.20
3.35
3.40
3.35
3.72
3.80
3.80
3.79
Dec. 7
14
21
28
3.531
3.500
3.538
3.522
3.52
3.50
3.53
3.52
3.670
3.662
3.679
3.657
3.68
3.66
3.67
3.64
3.69
3.68
3.69
3.69
3.76
3.78
3.77
3.77
3.99
4.02
4.06
4.07
1 Tax exempt before March 1941.
Certificates of indebtedness and selected note and bond issues.
Negative yield.
2
3
60
8. BANK RATES ON SHORT-TERM BUSINESS LOANS
A. PRIME RATE, 1929-63
[Per cent per annum]
In effect during—
Rate
Effective date
Effective date
Rate
Rate
Rate
Effective date
1929
5^-6
1947_Dec.i
1%
1953—Apr. 27
3%
1957—Aug. 6
4%
1930
1931. .
1932
1933
3^-6
2^-5
3^-4
li/2-4
1948—Aug. i
2
1954—Mar. 17
3
4
1950—Sept. 22
VA
1951—Jan. 8
Oct. 17
Dec. 19
l
1955—Aug. 4
Oct. 14
W4
3Vi
3%
1958—Jan. 22
Apr. 21
Sept. 11
1959—May 18
Sept. 1
Rate
Effective date
4%
19341947 (Nov.)
1
2A
i*
1956—Apr. 13
Aug. 21
I960—Aug. 23
4V4
l»
Date of change not available.
B. AVERAGE RATES ON BUSINESS LOANS, 1939-63
[Weighted averages based on new loans and renewals for first 15 days of month; per cent per annum]
19 large cities
Year
Size of loan
(thousands of dollars)
All
loans
1-10
10-100
100200
200 and
over
Size of loan
(thousands of dollars)
All
loans
1-10
10-100
100200
11 southern and western cities
7 northern and eastern cities
New York City
200 and
over
Size of loan
(thousands of dollars)
All
loans
1-10
10-100
100200
200 and
over
Size of loan
(thousands of dollars)
All
loans
1-10
10-100
100200
200 and
over
1939
2 1
44
3 1
2 1
1 8
1 8
20
25
1940
1941
1942 .
1943
1944
2.1
20
2.2
2.6
2.4
4.3
43
4.4
4.4
4.3
3.0
30
3.2
3.4
3.3
2.0
19
2.2
2.5
2.6
1.8
1 8
2.0
2.4
2.2
1.8
1 8
2.0
2.2
2.1
2.0
19
23
2.9
2.7
2.5
25
2.6
2.8
2.8
1945
1946
1947 .
1948
1949
2.2
2 1
2.1
2.5
2.68
4.3
42
4.2
4.4
4.60
3.2
3 1
3.1
3.5
3.65
2.3
22
2.5
2.8
2.97
2.0
1 7
1.8
2.2
2.38
2.0
18
1.8
2.2
2.37
4.20
3.40
2.73
2.19
2.5
21
22
2.6
2.71
4.66
3.65
2.95
2.48
2.5
25
26
2.9
3.10
4.75
3.79
3.15
2.64
1950
1951
1952
1953
1954
2.69
3.11
3.49
3.69
3.61
4.52
4.73
4.89
4.97
4.97
3.64
3.96
4.20
4.36
4.33
2.98
3.36
3.72
3.89
3.87
2.40
2.85
3.27
3.49
3.38
2.37
2.83
3.28
3.47
3.36
4.00
4.32
4.53
4.66
4.75
3.34
3.74
4.03
4.22
4.22
2.72
3.16
3.57
3.72
3.66
2.20
2.69
3.15
3.34
3.21
2.68
3.09
3.47
3.68
3.62
4.61
4.76
4.88
5.04
5.04
3.63
3.94
4.19
4.37
4.33
2.95
3.30
3.71
3.87
3.91
2.44
2.87
3.27
3.50
3.42
3.19
3.52
3.84
4.04
3.97
4.71
4.90
5.04
5.07
5.04
3.82
4.11
4.31
4.42
4.40
3.17
3.53
3.85
4.02
3.98
2.78
3.15
3.54
3.78
3.68
1955
1956
1957
1958
1959
3.70
4.20
4.62
4.34
5.00
4.96
5.21
5.52
5.49
5.78
4.39
4.75
5.12
4.99
5.45
3.95
4.41
4.81
4.58
5.19
3.49
4.03
4.46
4.14
4.86
3.47
4.04
4.47
4.12
4.84
4.78
5.09
5.39
5.29
5.62
4.30
4.71
5.06
4.86
5.35
3.79
4.33
4.71
4.38
5.08
3.33
3.92
4.36
3.99
4.75
3.70
4.22
4.63
4.34
5.01
5.03
5.29
5.54
5.52
5.76
4.39
4.78
5.12
4.97
5.46
3.94
4.40
4.81
4.55
5.17
3.52
4.08
4.50
4.18
4.90
4.03
4.42
4.83
4.67
5.23
5.01
5.24
5.57
5.56
5.85
4.43
4.76
5.14
5.07
5.51
4.06
4.46
4.86
4.72
5.29
3.75
4.19
4.62
4.41
5.04
I960
1961
1962
1963
5.16
4.97
5.00
5.01
5.96
5.87
5.88
5.87
5.66
5.53
5.54
5.54
5.36
5.20
5.24
5.22
5.01
4.80
4.83
4.84
4.97
4.76
4.78
4.79
5.77
5 65
5.63
5.63
5.54
5 38
5.35
5.36
5.21
5.05
5.10
5.05
4.87
4.64
4.67
4.69
5.15
4.98
5.01
5.01
5.91
5.84
5.85
5.85
5.63
5.50
5.53
5.55
5.35
5.19
5.20
5.23
5.03
4.85
4.87
4.87
5.45
5.28
5.32
5.30
6.07
5.98
6.00
5.98
5.75
5.63
5.66
5.65
5.47
5.30
5.36
5.33
5.26
5.06
5.09
5.09
8.
BANK RATES ON SHORT-TERM BUSINESS LOANS — Continued
B. AVERAGE RATES ON BUSINESS LOANS 1939-63 — Continued
[Weighted averages based on new loans and renewals for first 15 days of month; per cent per annum]
19 large cities
First half
of month
Size of loan
(thousands of dollars)
All
loans
Size of loan
(thousands of dollars)
All
loans
1-10
10-100
100200
200 and
11 southern and western cities
7 northern and eastern cities
New York City
Size of loan
(thousands of dollars)
All
loans
1-10
10-100
100200
1-10
200 and
Size of loan
(thousands of dollars)
All
loans
10-100
100200
200 and
1-10
10-100
100200
200 and
1939—Mar.
June,
Sept.
Dec.
2.1
2.1
2.1
2.1
4.4
4.4
4.4
4.3
3.2
3.1
3.1
3.0
2.1
2.2
2.1
2.0
1.8
1.8
1.8
1.8
1940_Mar.
June
Sept.
Dec.
2.0
1.9
2.1
2.2
4.2
4.2
4.3
4.3
3.0
3.0
3.0
3.1
1.9
2.1
2.0
1.8
1.8
1.6
1.9
1.9
1941—Mar.
June
Sept.
Dec.
2.1
2.1
1.9
2.0
4.3
4.3
4.2
4.3
3.0
3.0
3.0
3.1
1.9
1.8
2.0
2.0
1.8
1.9
1.6
1.7
1942—Mar.
June
Sept.
Dec.
2.0
2.1
2.4
2.4
4.3
4.4
4.4
4.4
3.0
3.2
3.2
3.3
2.0
2.1
2.2
2.4
1.7
1.8
2.2
2.1
1943—Mar.
June
Sept.
Dec.
2.7
2.9
2.4
2.5
4.3
4.3
4.4
4.4
3.3
3.4
3.3
3.4
2.3
2.8
2.4
2.6
2.5
2.8
2.1
2.3
1944_Mar.
June
Sept.
Dec.
2.5
2.5
2.5
2.3
4.4
4.2
4.4
4.3
3.4
3.4
3.3
3.1
2.7
2.5
2.6
2.5
2.2
2.3
2.3
2.0
1945—Mar.
June
Sept.
Dec.
2.3
2.3
2.3
2.0
4.4
4.4
4.2
4.2
3.3
3.3
3.1
3.0
2.6
2.3
2.3
2.0
2.0
2.0
2.1
1.7
1946—Mar.
June
Sept.
Dec.
2.1
2.0
2.0
2.1
4.1
4.2
4.0
4.4
3.1
3.1
3.1
3.2
2.3
2.2
2.1
2.1
1.7
1.7
1.7
1.8
1947—Mar.
June
Sept.
Dec.
2.1
2.1
2.1
2.1
4.3
4.1
4.1
4.1
3.1
3.1
3.1
3.2
2.5
2.6
2.4
2.5
1.8
1.8
1.8
1948—Mar.
June
Sept.
Dec.
2.4
2.47
2.60
2.64
4.2
4.49
4.53
4.50
3.3
3.47
3.58
3.58
2.5
2.70
2.92
2.97
2.1
2.16
2.29
2.34
2.12
2.32
2.34
4.35
4.40
4.23
3.19
3.35
3.40
2.43
2.68
2.70
1.94
2.13
2.16
2.49
2.60
2.68
4.42
4.55
4.51
3.40
3.58
3.60
2.67
2.91
2.97
2.27
2.34
2.44
2.92
3.01
3.02
4.60
4.57
4.62
3.68
3.71
3.68
2.91
3.07
3.14
2.45
2.56
2.57
1949—Mar.
June
Sept.
Dec.
2.70
2.74
2.63
2.65
4.62
4.63
4.62
4.53
3.64
3.70
3.64
3.61
2.89
3.04
2.98
2.98
2.42
2.44
2.31
2.35
2.42
2.35
2.32
2.38
4.22
4.22
4.23
4.14
3.42
3.43
3.41
3.35
2.66
2.78
2.74
2.73
2.25
2.17
2.13
2.21
2.68
2.86
2.64
2.67
4.63
4.67
4.71
4.63
3.66
3.64
3.63
3.65
2.89
2.98
2.93
3.00
2.44
2.66
2.39
2.41
3.12
3.17
3.07
3.03
4.79
4.80
4.74
4.66
3.75
3.89
3.79
3.74
3.04
3.26
3.18
3.12
2.71
2.69
2.58
2.56
ON
1950—Mar..
June.
Sept..
Dec.
2.60
2.68
2.63
2.84
4.45
4.50
4.51
4.60
3.54
3.65
3.63
3.73
2.94
2.94
2.95
3.10
2.31
2.39
2.34
2.57
2.29
2.34
2.32
2.51
3.85
3.94
4.06
4.17
3.22
3.35
3.33
3.44
2.64
2.73
2.72
2.80
2.13
2.16
2.15
2.35
2.55
2.67
2.63
2.87
4.64
4.58
4.56
4.64
3.60
3.62
3.59
3.70
2.91
2.82
2.87
3.18
2.28
2.45
2.39
2.65
3.12
3.22
3.13
3.28
4.64
4.70
4.71
4.78
3.71
3.83
3.83
3.91
3.15
3.17
3.15
3.21
2.74
2.82
2.67
2.90
1951—Mar..
June.
Sept..
Dec.
3.02
3.07
3.06
3.27
4.68
4.73
4.74
4.78
3.88
3.93
3.99
4.05
3.27
3.32
3.36
3.49
2.76
2.81
2.78
3.03
2.74
2.78
2.79
3.01
4.20
4.37
4.35
4.37
3.68
3.66
3.72
3.91
3.06
3.06
3.18
3.34
2.59
2.64
2.64
2.87
3.02
3.04
3.06
3.23
4.74
4.68
4.81
4.81
3.86
3.90
3.97
4.04
3.23
3.28
3.24
3.46
2.81
2.83
2.82
3.03
3.42
3.52
3.47
3.67
4.87
4.90
4.89
4.95
4.01
4.10
4.17
4.15
3.41
3.52
3.55
3.62
3.06
3.14
3.04
3.35
1952—Mar..
June.
Sept..
Dec.
3.45
3.51
3.49
3.51
4.85
4.90
4.91
4.88
4.16
4.21
4.22
4.21
3.66
3.72
3.74
3.77
3.24
3.29
3.27
3.29
3.23
3.27
3.29
3.33
4.43
4.53
4.66
4.51
3.97
4.03
4.06
4.06
3.48
3.55
3.60
3.63
3.11
3.14
3.15
3.19
3.47
3.46
3.44
3.49
4.91
4.90
4.85
4.85
4.16
4.17
4.20
4.21
3.67
3.71
3.72
3.74
3.29
3.27
3.24
3.29
3.79
3.90
3.84
3.84
5.01
5.05
5.04
5.06
4.28
4.33
4.31
4.30
3.79
3.86
3.82
3.91
3.46
3.63
3.56
3.51
1953—Mar..
June.
Sept..
Dec.
3.54
3.73
3.74
3.76
4.89
4.98
5.01
4.98
4.25
4.38
4.40
4.39
3.75
3.91
3.93
3.96
3.32
3.53
3.54
3.57
3.31
3.52
3.52
3.51
4.55
4.63
4.76
4.70
4.13
4.25
4.25
4.25
3.55
3.79
3.76
3.77
3.17
3.39
3.40
3.38
3.50
3.71
3.71
3.79
4.95
5.07
5.08
5.07
4.24
4.38
4.45
4.40
3.74
3.87
3.91
3.96
3.30
3.54
3.52
3.63
3.90
4.05
4.10
4.10
5.02
5.09
5.10
5.06
4.31
4.46
4.46
4.46
3.91
4.02
4.06
4.09
3.62
3.79
3.86
3.86
1954—Mar..
June.
Sept..
Dec.
3.72
3.60
3.56
3.55
4.99
4.97
4.99
4.92
4.37
4.35
4.32
4.29
3.94
3.89
3.82
3.84
3.52
3.37
3.32
3.31
3.50
3.34
3.29
3.30
4.79
4.75
4.81
4.66
4.27
4.24
4.21
4.15
3.75
3.71
3.54
3.64
3.37
3.19
3.13
3.15
3.74
3.61
3.57
3.55
5.06
5.04
5.07
4.99
4.36
4.31
4.34
4.31
3.97
3.83
3.94
3.89
3.57
3.42
3.36
3.33
4.03
3.98
3.95
3.90
5.05
5.05
5.03
5.01
4.43
4.43
4.39
4.36
4.03
4.05
3.91
3.93
3.76
3.67
3.68
3.60
1955—Mar..
June.
Sept..
Dec.
3.54
3.56
3.77
3.93
4.93
4.92
4.98
5.01
4.29
4.29
4.44
4.52
3.83
3.83
3.99
4.14
3.30
3.33
3.56
3.75
3.29
3.30
3.54
3.76
4.68
4.73
4.83
4.86
4.14
4.18
4.39
4.48
3.65
3.62
3.87
4.00
3.14
3.15
3.39
3.64
3.55
3.55
3.76
3.95
5.02
4.97
5.06
5.08
4.32
4.29
4.43
4.52
3.84
3.78
3.99
4.16
3.35
3.37
3.58
3.79
3.87
3.95
4.11
4.17
5.00
4.98
5.01
5.06
4.35
4.34
4.47
4.54
3.92
4.01
4.07
4.22
3.54
3.67
3.88
3.91
1956—Mar..
June.
Seot..
Dec.
3.93
4.14
4.35
4.38
5.05
5.18
5.30
5.32
4.55
4.69
4.86
4.90
4.13
4.34
4.52
4.63
3.74
3.97
4.19
4.20
3.75
3.97
4.20
4.22
4.92
5.00
5.26
5.18
4.49
4.61
4.84
4.88
4.05
4.23
4.46
4.57
3.62
3.86
4.09
4.10
3.93
4.15
4.39
4.40
5.11
5.26
5.36
5.41
4.55
4.74
4.88
4.94
4.10
4.32
4.53
4.63
3.78
4.01
4.26
4.25
4.19
4.38
4.53
4.58
5.09
5.23
5.29
5.35
4.58
4.71
4.85
4.90
4.20
4.42
4.54
4.66
3.94
4.15
4.32
4.35
1957—Mar..
June.
Sept..
Dec.
4.38
4.40
4.83
4.85
5.38
5.37
5.67
5.66
4.94
4.94
5.29
5.29
4.59
4.61
5.01
5.01
4.21
4.23
4.69
4.71
4.23
4.23
4.69
4.71
5.26
5.24
5.54
5.50
4.92
4.86
5.24
5.23
4.47
4.49
4.93
4.94
4.11
4.12
4.60
4.62
4.40
4.39
4.85
4.86
5.41
5.39
5.69
5.67
4.91
4.94
5.31
5.33
4.61
4.61
5.01
5.02
4.26
4.25
4.73
4.74
4.60
4.65
5.01
5.05
5.42
5.42
5.72
5.73
4.96
4.99
5.31
5.31
4.64
4.70
5.05
5.04
4.35
4.43
4.81
4.87
1958—Mar..
June.
Sept..
Dec.
4.49
4.17
4.21
4.50
5.55
5.45
5.45
5.49
5.10
4.88
4.90
5.06
4.75
4.40
4.47
4.68
4.29
3.95
4.00
4.33
4.29
3.88
4.00
4.29
5.42
5.18
5.19
5.38
5.02
4.72
4.74
4.94
4.60
4.13
4.28
4.52
4.17
3.74
3.87
4.18
4.49
4.17
4.21
4.50
5.60
5.48
5.48
5.53
5.08
4.85
4.90
5.05
4.72
4.39
4.42
4.66
4.33
3.99
4.03
4.36
4.77
4.58
4.54
4.79
5.60
5.56
5.55
5.53
5.17
4.99
4.99
5.12
4.87
4.57
4.63
4.79
4.49
4.31
4.23
4.59
1959—Mar..
June.
Sept..
4.51
4.87
5.27
5.53
5.68
5.91
5.09
5.33
5.65
4.74
5.06
5.43
4.32
4.72
5.15
4.29
4.71
5.15
5.30
5.55
5.79
4.93
5.24
5.60
4.56
4.97
5.36
4.18
4.61
5.07
4.49
4.90
5.27
5.54
5.67
5.88
5.06
5.33
5.69
4.71
5.06
5.42
4.35
4.78
5.17
4.84
5.07
5.44
5.62
5.74
5.97
5.20
5.37
5.65
4.87
5.13
5.50
4.60
4.87
5.29
SeptJ
Dec.i
5.27
5.36
5.92
5.99
5.66
5.74
5.44
5.54
5.15
5.24
5.14
5.19
5.79
5.82
5.61
5.61
5.36
5.41
5.06
5.12
5.28
5.39
5.89
5.95
5.70
5.77
5.42
5.50
5.17
5.30
5.46
5.56
5.99
6.08
5.68
5.81
5.51
5.64
5.30
5.38
1960—Mar..
June.
Sept..
Dec.
5.34
5.35
4.97
4.99
6.01
6.00
5.94
5.90
5.75
5.76
5.58
5.56
5.50
5.53
5.21
5.21
5.21
5.22
4.78
4.82
5.18
5.19
4.74
4.77
5.81
5.81
5.73
5.73
5.63
5.64
5.45
5.42
5.41
5.42
5.00
4.99
5.10
5.10
4.62
4.66
5.34
5.34
4.96
4.97
5.95
5.94
5.90
5.86
5.73
5.72
5.54
5.52
5.47
5.52
5.21
5.19
5.24
5.24
4.81
4.83
5.57
5.58
5.32
5.33
6.12
6.10
6.04
6.00
5.83
5.84
5.68
5.65
5.57
5.61
5.34
5.36
5.40
5.41
5.10
5.12
1961—Mar..
June.
Sept..
Dec.
4.97
4.97
4.99
4.96
5.89
5.89
5.87
5.84
5.53
5.53
5.52
5.52
5.20
5.18
5.19
5.21
4.80
4.80
4.82
4.78
4.75
4.75
4.75
4.77
5.67
5.63
5.65
5.66
5.40
5.39
5.36
5.37
5.03
5.06
5.06
5.04
4.64
4.63
4.64
4.66
4.96
4.95
5.05
4.96
5.85
5.84
5.86
5.82
5.49
5.45
5.53
5.51
5.20
5.15
5.18
5.22
4.82
4.82
4.93
4.81
5.29
5.31
5.26
5.24
5.99
6.02
5.97
5.94
5.62
5.65
5.62
5.62
5.31
5.29
5.28
5.31
5.09
5.10
5.04
5.00
1962—Mar..
June.
Sept..
Dec.
4.98
5.01
4.99
5.02
5.89
5.88
5.86
5.88
5.54
5.53
5.53
5.55
5.21
5.25
5.21
5.28
4.81
4.84
4.82
4.85
4.78
4.79
4.77
4.78
5.65
5.64
5.60
5.61
5.36
5.35
5.35
5.33
5.04
5.09
5.14
5.12
4.68
4.68
4.65
4.68
4.97
5.00
5.00
5.05
5.85
5.83
5.87
5.85
5.53
5.52
5.51
5.55
5.17
5.21
5.20
5.23
4.83
4.86
4.87
4.92
5.28
5.33
5.32
5.33
6.01
6.01
5.98
6.01
5.66
5.65
5.65
5.68
5.35
5.39
5.28
5.41
5.03
5.12
5.12
5.10
1963—Mar..
June.
Sept..
Dec.
5.00
5.01
5.01
5.00
5.89
5.86
5.86
5.86
5.55
5.54
5.54
5.54
5.21
5.24
5.21
5.23
4.83
4.84
4.85
4.82
4.80
4.78
4.81
4.76
5.62
5.61
5.64
5.63
5.36
5.37
5.36
5.36
5.06
5.05
5.04
5.04
4.70
4.68
4.71
4.65
4.98
5.01
5.01
5.04
5.85
5.84
5.85
5.85
5.53
5.54
5.56
5.55
5.18
5.27
5.19
5.27
4.84
4.87
4.88
4.90
5.30
5.32
5.30
5.29
6.02
5.97
5.96
5.97
5.66
5.63
5.64
5.65
5.33
5.34
5.33
5.31
5.07
5.12
5.09
5.07
1
Coverage of Survey revised, in accordance with changes in the loan schedule of the call report of condition, to exclude loans to nonbank financial institutions.
9. COMMERCIAL PAPER AND BANKERS' ACCEPTANCES OUTSTANDING, 1941-52
[In millions of dollars]
Dollar acceptances
Based o n —
Held b y Commercial
paper
End of month
Goods stored in
or shipped between points in—
F.R. Banks
Accepting banks
Total
Others
Own
Bills
bought
Own
account
Foreign
correspondents
Imports
into
United
States
Exports
from
United
States
Dollar
exchange
United
States
Foreign
countries
Total
bills
168
164
170
170
164
161
65
65
63
66
60
59
55
47
46
47
51
54
45
48
47
49
51
52
115
119
120
126
125
123
16
18
24
25
24
24
49
121
22
3
47
16
50
46
114
105
21
13
3
4
49
45
11
9
47
109
12
4
48
11
50
49
116
116
14
15
5
4
48
48
12
11
3
2
2
1
51
44
45
48
43
52
45
41
41
40
39
38
11
13
16
14
13
4
11
11
10
12
12
14
38
41
39
38
37
36
35
33
12
12
10
11
12
12
10
11
1941—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
232
241
263
275
295
299
213
212
217
220
215
213
330
210
161
354
371
197
177
148
131
378
185
138
387
375
194
194
144
146
103
99
107
105
105
101
106
100
85
90
93
92
1942—Jan
Feb
Mar
Apr
May
June
July
Aug
Sent
Oct
Nov
Dec
381
388
384
373
354
315
305
297
282
271
261
230
197
190
183
177
174
163
156
139
123
119
116
118
154
144
146
139
133
122
119
108
97
94
90
93
103
92
89
86
82
78
77
71
64
63
61
60
52
53
57
53
51
44
42
37
33
31
29
34
43
46
37
38
41
41
38
31
26
25
26
25
116
112
103
97
101
94
92
78
66
60
57
57
17
18
17
17
16
13
8
8
6
6
6
9
1943—Jan
Feb
Mar
Apr
May
June
July
220
209
201
179
160
143
150
156
120
127
130
128
136
140
139
130
95
102
101
99
105
102
102
94
35
38
39
38
40
40
38
36
33
39
35
38
24
25
29
29
31
38
36
36
57
60
69
71
79
82
81
77
12
14
12
9
8
10
12
10
33
69
7
30
11
27
23
27
67
59
66
9
11
11
29
31
30
10
9
9
9
11
7
8
7
3
3
1
44
42
41
38
41
43
26
26
25
23
22
20
170
117
84
188
203
202
115
111
117
88
88
90
60
64
62
61
65
62
64
59
50
48
53
52
209
214
195
172
151
137
143
141
141
142
167
166
120
135
129
126
113
112
110
110
111
115
115
129
94
106
100
96
90
87
88
82
85
85
84
93
55
57
52
51
49
44
46
44
42
40
44
44
38
49
48
45
41
43
41
38
43
45
40
50
27
29
30
29
24
25
23
28
26
30
32
35
71
83
79
77
71
74
72
75
78
79
74
86
12
12
12
12
10
11
12
10
11
13
14
14
29
32
31
30
28
24
24
22
19
21
24
25
7
4
3
2
3
3
2
4
3
162
157
147
130
126
128
98
97
96
86
87
87
13
12
11
25
24
25
5
4
4
117
104
90
82
26
22
81
72
10
9
24
22
2
2
101
107
107
117
80
90
27
26
74
81
10
9
20
22
3
4
AUE
110
128
101
28
91
10
25
2
Sept
Oct
Nov
Dec
111
127
156
159
135
135
145
154
104
100
107
112
50
46
42
38
32
36
45
50
52
46
49
48
32
29
32
119
103
48
52
54
52
51
44
45
50
52
53
58
64
31
35
38
42
98
95
100
103
11
12
15
18
23
22
23
26
3
6
6
7
1946 Jan
174
166
126
Feb
178
172
149
167
163
169
128
119
109
126
177
108
121
131
142
148
202
227
228
192
205
207
200
204
208
227
109
118
140
151
154
155
169
71
74
64
65
66
65
67
68
68
71
73
74
55
53
55
44
42
45
51
72
82
82
82
94
AUK
..
Sept
Oct
Nov
Dec
1944—Jan
Feb
Mar
Apr
June . .
July
AUE .
Sept
Oct
Nov
Dec
1945
Jan
Feb
Mar
Apr
May
June
July
. ..
Mar
Apr
May
June
July
AUE
Sept
Oct
Nov
Dec
.
..
8
7
40
109
20
29
8
2
13
39
42
47
109
104
114
18
17
16
31
33
30
9
8
9
13
55
124
18
28
18
34
13
2
64
54
54
47
46
47
52
134
146
152
150
154
152
162
22
24
22
20
18
23
29
27
26
26
23
23
26
29
7
8
9
4
6
7
64
1
1
7
7
8
6
7
9. COMMERCIAL PAPER AND BANKERS' ACCEPTANCES OUTSTANDING, 1941-52 — Continued
[In millions of dollars]
Dollar acceptances
Held b y -
End of month
Commercial
paper
Accepting banks
Based on—
F.R. Banks
Total
Total
Own
bills
Bills
bought
Own
account
Foreign
correspondents
Others
Imports Exports
into
from
United United
States
States
Dollar
exchange
Goods stored in
or shipped between points in—
United
States
Foreign
countries
1947_j a n
Feb.. . .
Mar....
Apr... .
May...
June...
July....
Aug
Sept....
Oct
Nov....
Dec.. . .
236
243
266
256
250
234
244
244
242
283
287
287
241
230
228
215
189
183
187
206
219
237
245
261
183
171
170
154
130
132
148
158
168
180
188
197
85
76
75
71
67
69
75
71
83
83
76
88
98
95
95
83
63
63
74
87
85
97
112
109
7
10
8
8
7
6
5
4
3
3
3
2
52
49
49
53
52
45
34
.44
44
52
54
62
172
164
158
140
118
111
115
133
140
144
147
159
35
35
36
42
45
46
45
47
42
54
61
63
27
24
27
25
21
20
21
20
24
23
25
25
7
7
8
5
6
7
6
11
10
9
11
1948—Jan
Feb.. . .
Mar....
Apr.. . .
May...
June...
July....
Aug....
Sept
Oct
Nov....
Dec
290
301
311
275
254
270
284
309
305
285
287
269
262
253
241
242
256
253
235
221
214
221
239
259
188
174
162
151
161
142
134
122
120
125
141
146
85
79
70
71
71
61
67
60
65
67
71
71
103
94
92
80
90
81
67
62
55
58
70
76
4
5
4
3
3
3
2
70
74
75
88
91
108
100
98
93
94
97
109
168
168
151
143
155
155
151
143
136
140
152
164
53
43
48
54
57
56
47
40
37
42
48
57
27
24
23
19
19
19
19
20
20
20
24
25
13
17
17
22
21
20
18
17
20
17
15
12
1949_j a n
Feb.. . .
Mar....
Apr
May. . .
June...
July....
Aug....
Sept
Oct
Nov....
Dec
268
268
257
249
219
199
211
230
265
278
278
257
262
228
215
204
195
198
194
189
207
215
251
272
137
114
98
88
84
87
90
85
94
104
118
128
66
65
58
59
58
54
57
53
54
57
60
58
70
49
40
28
27
33
33
32
40
47
58
70
3
4
5
6
5
5
3
3
4
4
123
111
112
110
105
106
101
101
109
107
125
133
156
134
127
119
118
121
117
117
133
140
173
184
57
51
51
46
44
47
44
37
37
39
44
49
25
23
22
20
17
17
19
18
21
23
25
30
13
14
14
17
12
13
13
16
14
12
9
9
1950—Jan
Feb
Mar....
Apr.. . .
May...
June...
July....
Aug....
Sept
Oct
Nov
Dec
258
257
258
257
250
240
259
286
308
312
325
333
280
256
245
237
231
279
335
374
397
383
383
394
134
120
100
93
93
126
155
174
187
168
166
192
67
69
63
62
59
82
87
103
103
100
104
114
68
51
37
31
34
44
68
71
84
68
62
78
6
5
6
8
16
24
24
24
21
137
128
137
138
133
148
173
184
187
191
193
180
190
175
165
157
142
170
211
238
264
243
234
245
49
45
45
47
58
66
80
87
79
85
88
87
32
25
23
18
15
21.
22
26
29
29
29
28
9
11
12
15
17
21
22
21
23
25
29
32
1951—Jan
Feb
Mar....
Apr.. . .
May...
June...
July....
Aug
Sept
Oct
Nov....
Dec.. . .
356
369
381
387
364
331
336
368
377
410
435
434
453
470
479
456
417
425
380
384
375
398
437
490
202
201
198
170
143
162
135
122
118
131
154
197
126
121
122
119
108
120
103
94
85
87
96
119
76
79
76
52
35
42
33
28
33
44
58
79
27
32
31
32
30
28
25
24
22
17
18
21
224
238
247
253
244
235
220
239
234
250
265
272
286
304
314
288
259
267
225
218
210
226
227
235
100
99
106
111
102
104
104
109
104
106
116
133
6
3
4
5
23
36
36
30
24
22
22
24
25
27
27
46
55
29
29
26
31
33
31
27
26
31
35
43
44
1952—Jan
Feb
Mar....
Apr
May...
June...
July....
Aug
Sept
Oct
Nov....
Dec
480
517
534
544
510
495
539
550
565
591
575
539
492
493
458
422
430
416
450
454
454
449
478
492
193
188
177
150
155
148
171
169
166
155
172
183
127
121
120
110
121
108
122
113
106
103
114
126
66
67
57
40
34
40
49
56
61
52
58
57
13
10
287
295
274
264
267
260
270
276
275
278
289
289
235
234
228
211
197
195
200
212
232
237
233
232
135
135
138
135
136
126
126
119
108
114
123
125
23
27
6
6
37
45
73
74
60
30
29
39
52
46
36
22
17
15
17
20
24
40
62
64
48
51
51
48
43
36
34
30
31
28
31
32
Note.—Data for 1948-63 are shown on a revised basis in Table 10.
1
2
2
3
9
9
13
16
17
20
65
I
1
11
6
2
2
2
10.
COMMERCIAL AND FINANCE COMPANY PAPER AND BANKERS' ACCEPTANCES OUTSTANDING, 1948-63
[In millions of dollars]
Dollar acceptances
Commercial and finance
company paper
3ased o n —
I
Held by—
F.R. Banks
Accepting banks
End of
period
Total
Placed Placed
through directly
dealers (finance
paper)
Total
Others
Total
Own
bills
Bills
bought
Own
account
Foreign
correspondents
Imports Exports
from
into
United United
States
States
Dollar
exchange
G o o d s stored in
or shipped between points i n —
United
States
Foreign
countries
674
838
277
270
397
568
259
272
146
128
71
58
76
70
3
11
109
133
164
184
57
49
1
25
30
12
9
921
1,333
1,749
345
449
552
576
884
1,197
394
490
492
192
197
183
114
119
126
78
79
57
21
21
20
180
272
289
245
235
232
87
133
125
2
23
39
28
55
64
32
44
32
1,835
1,881
1,914
1,907
1,873
z ••
. *'
1,762
June.... 1,831
July
.J
1,867
Aug
1,993
Sept
2,155
Oct
Nov
2,198
Dec
1,973
519
523
518
477
454
417
440
463
487
548
595
564
1,316
1 358
1,396
1 430
1,419
1,345
1,391
1,404
1,506
1,607
1 603
1,409
487
490
468
455
417
428
435
478
515
517
534
574
159
158
149
115
111
123
131
148
159
160
170
172
111
110
105
78
85
92
108
108
110
122
125
117
48
48
44
36
26
30
23
40
49
38
45
55
22
28
29
32
29
30
25
25
26
23
20
24
306
289
309
277
276
279
304
329
334
344
378
225
234
237
229
198
214
213
211
237
227
246
274
120
114
110
115
111
112
115
128
135
145
139
154
43
57
39
43
37
35
40
64
66
56
49
29
65
53
49
37
39
32
32
36
40
56
59
75
34
32
32
31
32
35
35
38
38
34
41
43
17
10
13
17
14
14
9
5
6
14
19
19
373
350
369
379
374
355
376
360
344
402
437
565
266
238
247
270
277
246
225
205
207
207
248
285
157
151
139
142
143
143
136
134
139
148
164
182
45
44
47
38
36
60
92
75
85
72
42
17
73
71
107
127
115
96
91
101
130
205
247
300
46
41
39
46
45
43
46
47
48
55
66
89
1948..
1949
1950
1951
1952
1953_j a n
Feb
Mar
Apr
May
304
1954—Jan.. . .
Feb
Mar
Apr
May....
June....
July
Aug
Sept
Oct
Nov
Dec
2,162
2,317
2,301
2,222
2,176
2,159
2,217
2,237
2,201
2,056
2,041
1,933
635
716
735
694
641
679
747
794
803
762
769
733
1 527
1,601
1,566
1,528
1,535
1,480
1,470
1,443
1,398
1,294
1,272
1,200
586
545
580
623
616
589
589
563
609
687
768
873
195
185
198
228
227
220
205
198
259
271
313
289
144
149
149
165
171
164
164
155
178
217
241
203
51
36
50
63
56
56
41
43
81
55
71
86
1955_jan
Feb
Mar
Apr
May....
June
July
Aug
Sept
Oct
Nov
Dec
2,073
2,196
2,202
2,179
2,346
2,311
2,420
2,369
2,269
2,280
2,313
2,035
713
703
681
622
572
572
593
580
564
547
542
510
1,360
1,493
1,521
1,557
1,774
1,739
1,827
1,789
1,705
1,733
1,771
1,525
869
831
807
767
686
655
650
655
671
662
642
642
282
242
236
206
192
182
184
186
190
189
187
175
206
182
187
164
143
138
144
142
147
144
134
126
77
61
49
42
49
44
40
44
43
45
52
49
4
17
14
16
10
14
21
16
17
28
23
28
29
28
26
26
23
27
27
26
27
33
564
561
538
517
453
431
433
427
433
430
410
405
273
235
227
229
207
216
223
220
253
258
259
252
187
178
182
189
188
189
186
182
189
201
205
210
17
41
56
68
53
40
41
41
33
33
20
17
303
283
248
190
150
125
108
111
108
82
73
63
90
93
93
92
88
85
92
101
87
87
86
100
1956—Jan
Feb
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.
2,385
2,658
2,584
2,552
2,641
2,465
2,649
2,566
2,515
2,639
2,679
2,183
573
588
560
508
515
476
509
548
549
573
568
506
1 812
2,070
2,024
2,044
2,126
1,989
2,140
2,018
1,966
2,066
2,111
1,677
624
667
660
628
643
684
723
772
805
843
924
967
169
184
170
146
157
180
175
189
209
203
242
227
124
135
130
108
113
109
111
120
127
135
167
155
44
49
40
39
44
71
64
70
82
69
75
72
18
14
14
13
16
18
18
22
17
20
33
69
32
37
39
42
45
45
48
51
49
53
52
50
406
431
436
427
424
441
483
510
529
567
598
621
237
263
263
235
245
264
270
271
294
277
277
261
220
234
236
240
252
251
237
259
258
281
295
329
11
20
18
10
9
9
13
21
17
19
10
2
46
43
49
43
33
34
74
97
113
133
199
227
110
106
94
100
104
125
129
124
123
133
143
148
2 620
2,763
2,696
2,540
M^y."!.'! 2,785
June.... 2,463
July.... 2,791
Aug
2,846
Sept
2,568
Oct
2,663
Nov
2,953
Dec
2,672
548
555
489
466
483
454
459
501
501
516
560
551
2 072
2,208
2,207
2,074
2,302
2,009
2,332
2,345
2,067
2,147
2,393
2,121
1 012
992
1,019
1,018
984
979
1,000
1,227
1,197
1,225
1,224
1,307
230
202
209
195
188
183
154
220
214
197
221
287
156
133
150
135
142
142
112
152
149
131
151
194
74
69
59
60
46
41
42
68
65
66
70
94
30
24
23
24
21
23
19
27
16
16
20
66
62
58
58
64
63
62
70
68
66
69
67
76
689
708
728
735
713
711
757
913
901
942
916
878
291
307
305
272
227
220
231
243
234
248
268
278
363
389
425
471
501
502
507
524
483
465
459
456
2
2
2
4
5
21
35
66
75
94
64
46
197
127
116
89
73
58
59
212
225
226
222
296
158
167
171
182
177
178
169
182
181
192
211
232
654
776
862
919
946
965
2,700
2,863
2,634
2,750
2,774
2,419
1,422
1,523
1,529
1,479
1,441
1,352
416
497
422
459
474
396
307
372
318
350
372
292
109
125
104
109
102
104
41
43
39
37
42
45
127
139
132
131
119
113
838
843
936
852
806
798
273
261
263
278
296
282
461
447
432
416
396
375
65
110
139
131
130
121
386
480
471
416
371
325
237
224
224
239
247
248
1957—Jan.. .
Feb
Mar
1958—Jan
Feb
Mar
Apr
May....
June....
3,354
3,639
3,496
3,669
3,720
3,384
66
10. COMMERCIAL AND FINANCE COMPANY PAPER AND BANKERS' ACCEPTANCES OUTSTANDING,
1948-63 — Continued
[In millions of dollars]
Dollar acceptances
Commercial and finance
company paper
] Jased
Held b y -
End of
month
Placed
through
dealers
Placed
directly
(finance
paper)
Goods stored in
or shipped between points in—
F.R. Banks
Accepting banks
Total
Total
Others
Total
Own
bills
on—
Bills
bought
Own
account
Foreign
correspondents
Imports
into
United
States
Exports
from
United
States
Dollar
exchange
United
States
Foreign
countries
1958—July
Aug
Sept
Oct
Nov
Dec
3,639
3,383
3,158
3,307
i 3,203
i 2,739
966
981
958
961
940
840
2,673
2,402
2,200
2,346
12,263
11,899
1,353
1,363
1,281
1,255
1,209
1,194
426
416
385
347
290
302
328
340
319
273
234
238
98
75
65
73
55
64
34
33
28
36
34
49
108
91
75
71
75
68
785
824
792
802
810
775
269
256
236
246
251
254
380
385
355
354
348
349
141
131
136
117
94
83
313
337
319
296
265
244
251
254
235
242
251
263
1958—Nov
Dec
i 3,213
i 2,751
940
840
12,273
11,911
1,209
1,194
290
302
234
238
55
64
34
49
75
68
810
775
251
254
348
349
94
83
265
244
251
263
3,085
3,331
3,279
3,348
May!!!! 3,570
3,418
June
3,569
July
2 3,663
Aug
875
897
883
822
791
729
759
2 795
2,210
2,434
2,396
2,526
2,779
2,689
2,810
2,868
1,133
1,161
1,054
1,029
1,038
983
957
946
276
309
271
269
242
213
198
169
226
232
227
208
193
175
160
127
51
77
44
60
49
38
38
42
40
39
30
30
28
26
25
21
60
62
60
56
79
76
74
72
756
751
692
673
689
668
661
685
251
275
278
292
286
256
259
287
346
339
329
348
350
327
334
322
118
112
111
78
103
111
85
56
168
183
82
48
43
33
26
29
250
252
253
263
256
256
253
251
Aug
Sept
2 3,762
3,448
3,914
3,778
3,202
2 894
858
859
864
677
2,868
2,590
3,055
2,914
2,525
946
954
945
1,029
1,151
169
205
182
232
319
127
158
145
187
282
42
47
36
44
36
21
20
28
34
75
72
67
62
71
82
685
662
673
693
675
287
316
304
355
357
322
301
290
283
309
56
45
36
46
74
29
46
81
119
162
251
246
234
226
249
4,032
4,226
4,495
4,450
4,719
4,627
4,827
5,105
4,728
5 262
5,304
4,497
757
810
906
1,003
1,023
1,115
1,213
1,365
1,361
1 493
1,505
1,358
3 275
3 416
3,589
3,447
3,696
3,512
3,614
3,740
3,367
3,769
3,799
3,139
1,229
1,240
1,366
1,336
1,263
1,382
1,561
1,656
1,668
1 753
1,868
2,027
230
218
250
320
310
311
404
424
392
501
628
662
193
170
178
247
237
229
299
316
284
356
454
490
36
48
72
73
74
82
104
108
108
145
175
173
42
35
33
30
29
30
29
33
42
39
48
74
124
119
153
167
161
182
180
204
204
196
227
230
833
868
929
819
763
859
948
996
1,031
1 017
'965
1,060
341
350
364
373
352
375
400
407
409
405
401
403
337
336
413
461
474
501
545
594
632
633
647
669
149
193
201
128
87
94
166
179
123
139
146
122
158
131
144
109
65
91
76
83
107
157
229
308
245
229
244
266
286
321
373
393
398
419
445
524
M*ay!!!!
June....
July
Aug
Sept
Oct
Nov
Dec
5,091
5,045
5,078
5,090
4,936
4,936
4,991
4,946
4,875
5 119
5,349
4,686
1,465
1,479
1,525
1,532
1,478
1,460
1,534
1,617
1,730
1 818
1,868
1,711
3,626
3,566
3,553
3,558
3,458
3,476
3,457
3,329
3,145
3 301
3>81
2,975
2,029
2,049
2,231
2,254
2,203
2,271
2,301
2,400
2,422
2 491
2,555
2,683
725
730
842
858
808
913
915
970
946
1 035
1,122
1,272
514
554
641
661
645
697
727
753
740
829
871
896
210
176
202
197
163
216
188
217
207
206
251
376
46
46
46
45
37
36
32
34
35
38
43
51
197
179
173
151
166
156
144
137
123
117
110
126
1,061
1,093
1,169
1,200
1,192
1,166
1,210
1.259
1,318
1 301
1^280
1,234
400
388
408
397
379
395
415
429
452
457
461
485
677
702
821
863
864
896
926
964
964
949
939
969
118
104
110
93
74
70
45
49
59
91
98
117
299
291
269
268
235
207
186
192
191
225
287
293
535
563
623
633
651
703
729
765
757
769
770
819
1962—Jan
Feb
Mar
Apr
May....
June
July
Aug
Sept
Oct
Nov
Dec
5,558
5,521
5,715
5,641
5,919
5,865
6,170
6,576
6,577
6,986
7,091
6,000
1 762
1,762
1,876
1,883
1,869
1,878
2,002
2,119
2,228
2,417
2,501
2,088
3 796
3,759
3,839
3,758
4,050
3,987
4,168
4,457
4,349
4,569
4,590
3,912
2 621
2,559
2,498
2,392
2,345
2,342
2,306
2,277
2,281
2,367
2,476
2,650
1 163
1,093
1,072
981
949
965
1,009
937
952
1,025
1,086
1,153
804
788
774
763
733
731
736
721
748
824
841
865
359
305
298
218
216
234
273
216
204
201
245
288
45
44
42
36
33
60
43
35
36
34
38
110
120
113
100
94
112
85
80
71
68
69
88
86
[ 294
I ,'309
1,284
1,281
1,251
1,232
1,175
1,234
1,225
1,239
1,264
1,301
477
472
474
479
462
473
485
488
520
502
525
541
946
915
889
826
787
751
705
667
674
679
719
778
74
106
86
74
96
145
143
138
144
160
173
186
271
223
182
158
145
117
93
72
73
110
145
171
853
844
867
855
855
857
881
912
870
917
914
974
1963—Jan
Feb
Mar
Apr
May....
June
July
Aug
Sept
Oct
Nov
Dec
6,790
6,996
7,076
7,382
7,542
7,239
7,522
7,808
7,161
7,869
8,170
6,747
2,091
2,193
2,260
2,204
2,084
2,049
2,059
2,062
2,098
2,230
2,172
1,928
4,699
4,803
4,816
5,178
5,458
5,190
5,463
5,746
5,063
5,639
5,998
4,819
2,593
2,565
2,589
2,658
2,696
2,697
2,712
2,644
2,709
2,733
2,744
2,890
1,153
1,141
1,167
1,251
1,148
1,227
1,202
1,174
1,127
1,093
1,190
1,291
849
840
886
977
923
953
990
938
946
911
976
1,031
304
301
280
274
225
274
213
236
181
181
214
260
72
54
52
44
42
43
39
38
34
58
42
162
84
84
83
83
83
83
85
89
104
105
102
92
1,284
1,285
[,288
1,280
1,422
1,344
1,386
1,343
1,443
1,477
1,410
1,345
538
542
554
523
525
536
555
556
564
563
571
567
730
703
730
750
808
807
791
772
775
807
842
908
149
159
142
146
149
130
128
105
97
89
54
56
180
148
122
108
72
66
64
53
47
46
46
41
996
1,013
1,041
1,130
1,142
1,158
1,174
1,159
1,226
1,229
,230
,317
1959—Jan
Feb
Mar
Oct
Nov
Dec
I960 Jan . .
Feb
Mar
Apr
May....
June....
July
Aug
Sept
Oct
Nov
Dec
1961—Jan
Feb
Mar
t
1
Before November 1958 only a small amount of finance company paper
with an original maturity of over 270 days was included with finance company
paper reported; thereafter complete totals are included.
2
Beginning with August 1959 data are not fully comparable with earlier
figures because of expanded dealer coverage.
67
11. BOND YIELDS, BY TYPE OF SECURITY
A. ANNUALLY AND MONTHLY, 1941-63
[Per cent per annum]
Corporate bonds
Government bonds
State and local
Period
United
States
(longterm)
Moody's
Moody's
Standard
and
Poor's
Total
Aaa
Aa
A
Baa
Standard
and
Poor's
AAA
By group
By rating
Total
Aaa
Aa
A
Baa
Industrial
Railroad
Public
utility
1941
1942
1943
1944
2.05
2.46
2.47
2.48
2.10
2.36
2.06
1.86
2.02
2.18
1.90
1.67
1.54
1.66
1.39
1.16
1.76
1.92
1.67
1.45
2.17
2.33
2.05
1.85
2.60
2.82
2.49
2.20
2.84
2.85
2.80
2.78
3.34
3.34
3.16
3.05
2.77
2.83
2.73
2.72
2.94
2.98
2.86
2.81
3.30
3.28
3.13
3.06
4.33
4.28
3.91
3.61
2.95
2.96
2.85
2.80
3.95
3.96
3.64
3.39
3.11
3.11
2.99
2.97
1945
1946
1947
1948
1949
2.37
2.19
2.25
2.44
2.31
1.67
1.64
2.01
2.40
2.21
1.50
1.46
1.84
2.33
2.15
1 07
.10
.45
.87
.65
1.32
1.27
1.59
2.01
1.91
1.65
1.56
1.94
2.53
2.38
1.95
1.90
2.37
2.90
2.66
2.61
2.51
2 58
2.80
2.65
2.87
2.74
2.86
3.08
2.96
2.62
2.53
2.61
2.82
2.66
2.71
2.62
2.70
2.90
2.75
2.87
2.75
2.87
3.12
3.00
3.29
3.05
3.24
3.47
3.42
2.68
2.60
2.67
2.87
2.74
3.06
2.91
3.11
3.34
3.24
2.89
2.71
2.78
3.03
2.90
1950
1951
1952
1953
1954
2.32
2.57
2.68
2.94
2.55
1.98
2.00
2.19
2.72
2.37
1.94
1.99
2.22
2.82
2.46
.56
.61
1.80
2.31
2.04
1.76
1.79
2.00
2.54
2.17
2.11
2.17
2.37
3.01
2.51
2.32
2.38
2.70
3.41
3.09
2.59
2 84
2.95
3.18
2.87
2.86
3.08
3.19
3.43
3.16
2.62
2.86
2.96
3.20
2.90
2.69
2.91
3.04
3.31
3.06
2.89
3.13
3.23
3.47
3.18
3.24
3.41
3.52
3.74
3.51
2.67
2.89
3.00
3.30
3.09
3.10
3.26
3.36
3.55
3.25
2.82
3.09
3.20
3.45
3.15
1955
1956
1957
1958
1959
2.84
3.08
3.47
3.43
4.07
2.53
2.93
3.60
3.56
3.95
2.57
2.94
3.56
3.36
3.74
2.18
2.51
3.10
2.92
3.35
2.32
2.72
3.33
3.17
3.55
2.66
3.02
3.62
3.39
3.83
3.14
3.50
4.20
3.95
4.24
3 04
3.38
3.91
3.80
4.39
3.25
3.57
4.21
4.16
4.65
3.06
3.36
3.89
3.79
4.38
3.16
3.45
4.03
3.94
4.51
3.24
3.57
4.19
4.17
4.67
3.53
3.88
4.71
4.73
5.05
3.19
3.50
4.12
3.98
4.51
3.34
3.65
4.32
4.39
4.75
3.22
3.54
4.18
4.10
4.70
I960
1961
1962
1963
4.01
3.90
3 95
4.00
3.73
3.46
3 18
3.23
3.69
3.60
3.30
3.28
3.26
3.27
3 03
3.06
3.51
3.46
3 17
3.16
3.75
3.66
3.32
3.30
4.22
4.01
3.67
3.58
4.41
4.36
4 29
4.24
4.73
4.66
4.62
4.50
4.41
4.35
4.33
4.26
4.56
4.48
4.47
4.39
4.77
4.70
4.65
4.48
5.19
5.08
5.02
4.86
4.59
4.54
4.47
4.42
4.92
4.86
4.86
4.65
4.69
4.57
4.51
4.41
1941 Jan..
Feb
Mar
Apr
May
June
July
Aug.
Sect
Oct
Nov
Dec
2.12
2 22
2.12
2.07
2.04
2.01
1.98
2.01
2.02
1.98
2.34
2.47
2.16
2 27
2.28
2.20
2.14
2.08
2.03
2.00
1.99
1.91
1.90
2.25
2.05
2.18
2.21
2.15
2.08
2.00
1.96
1.96
1.93
1.87
1.84
2.01
1.59
1 65
1.71
1 67
1.60
1.52
1.48
1.44
1.43
1.39
1.39
1 55
1.79
1 98
2.01
1.92
1.82
1.71
1.67
1.68
1.66
1.60
1.58
1.74
2.20
2 33
2.35
2.28
2.23
2.15
2.12
2.12
2.09
2.02
2.00
2.20
2.63
2 75
2.75
2.73
2.67
2.60
2.58
2.58
2.55
2.45
2.40
2.55
2.87
2 88
2.89
2.92
2.88
2.86
2.83
2.80
2.79
2.77
2.76
2.84
3.36
3.40
3.39
3.39
3.37
3.34
3.30
3.29
3.30
3.27
3.26
3.35
2.75
2.78
2.80
2.82
2.81
2.77
2.74
2.74
2.75
2.73
2.72
2.80
2.95
3.00
3.01
3.04
2.99
2.95
2.90
2.90
2.91
2.87
2.86
2.95
3.36
3.38
3.37
3.38
3.34
3.31
3.26
3.24
3.24
3.21
3.19
3.27
4.38
4.42
4.38
4.33
4.32
4.31
4.28
4.27
4.30
4.28
4.28
4.38
2.96
3.00
3.02
3.06
3.02
2.96
2.90
2.90
2.88
2.85
2.85
2.94
3.96
4.00
3.98
3.96
3.95
3.95
3.92
3.92
3.95
3.93
3.91
3.99
3.17
3.19
3.17
3.16
3.13
3.10
3.07
3.06
3.07
3.05
3.04
3.12
2.48
2.48
2.46
2 44
2.45
2 43
2.46
2 47
2.46
2 45
2 47
2.49
2.33
2.55
2.58
2 44
2.45
2 38
2.32
2 28
2.25
2 22
2 20
2.26
2.17
2.31
2 35
2 29
2 26
2 20
2.12
2 09
2.10
2 09
2 10
2.11
1.63
1.78
1.84
1 79
1 74
1 67
1.58
1 54
1.56
1 57
1 58
1.59
1.93
2.08
2.11
2 05
1.98
1 93
1.85
1 80
1.82
1 82
1 85
1.87
2.35
2.47
2.49
2 42
2.39
2 36
2.26
2 24
2.24
2.22
2 23
2.25
2.75
2.90
2.94
2 90
2.93
2 84
2.78
2.79
2.78
2.74
2 73
2.73
2.85
2.86
2.88
2 85
2.86
2 86
2.85
2.85
2.84
2.84
2 85
2.86
3.35
3.35
3.37
3.34
3.36
3.37
3.35
3.34
3.33
3.31
3.31
3.32
2.83
2.85
2.86
2.83
2.85
2.85
2.83
2.81
2.80
2.80
2.79
2.81
2.96
2.98
3.00
2.98
3.00
3 01
2.99
2.99
2.98
2.95
2.94
2.96
3.30
3.29
3.32
3.30
3.31
3.31
3.28
3.27
3.26
3.24
3.24
3.23
4.29
4.29
4.30
4.26
4.27
4.33
4.30
4.28
4.26
4.24
4.25
4.28
2.97
2.98
3.00
2.96
2.97
2.97
2.94
2.94
2.95
2.94
2.93
2.94
3.93
3.94
3.94
3.95
3.97
4.03
4.02
3.98
3.95
3.92
3.93
3.96
3.13
3.15
3.17
3.13
3.13
3.12
3.09
3.09
3.08
3.07
3.06
3.07
1942—Jan
Feb...
Mar
Apr.. .
May
June..
July
Aue...
Seot
Oct
Nov..
Dec
1943—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
\2.27
2.22
2.21
2.20
2.13
2.07
1.97
1.91
1.92
1.88
1.90
2.00
2.09
2.06
2.04
2.00
1.94
1.88
1.84
1.82
1.80
1.75
1.76
1.79
1.56
1.54
.53
.48
1.43
.38
.34
.33
.31
.25
1.26
1.27
1.85
1.81
1.80
1.76
L.72
1.67
1.62
1.58
1.57
1.52
1.54
1.56
2.24
d
2.21
2.18
2.14
2.08
2.02
1.98
1.96
1.95
1.90
1.91
.98
2.72
2.68
2.66
2.62
2.54
2.46
2.40
2.39
2.38
2.32
2.34
2.36
2.84
2.82
2.83
2.83
2.81
2.79
2.77
2.77
2.77
2.78
2.80
2.83
3.27
3.23
3.20
3.19
3.16
3.14
3.11
3.10
3.11
3.11
3.13
3.14
2.79
2.77
2.76
2.76
2.74
2.72
2.69
2.69
2.69
2.70
2.71
2.74
2.93
2.89
2.88
2.88
2.87
2.85
2.82
2.81
2.82
2.83
2.84
2.87
3.20
3.17
3.14
3.14
3.13
3.11
3.09
3.08
3.10
3.10
3.11
3.13
4.16
4.08
4.01
3.96
3.91
3.88
3.81
3.81
3.83
3.82
3.83
3.82
2.90
2.88
2.87
2.87
2.86
2.84
2.80
2.79
2.82
2.82
2.85
2.86
3.86
3.78
3.73
3.69
3.64
3.61
3.56
3.55
3.56
3.55
3.56
3.56
3.05
3.02
3.00
3.01
3.00
2.98
2.95
2.96
2.96
2.96
2.98
3.00
1944—Jan...
Feb..
Mar..
May.'
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
ON
2.46
2.46
2.48
2.48
2.46
2.45
2.45
2.46
2.48
2.48
2.48
2.49
2.49
2.49
2.48
2.48
2.49
2.49
2.49
2.48
2.47
2.48
2.48
2.48
1.92
1.85
1.84
1.85
1.86
1.87
1.84
1.82
1.83
1.87
1.88
1.87
1.73
1.69
1.67
1.68
1.68
1.66
1.63
1.60
1.64
1.67
1.68
1.67
1.21
1.17
1.16
.17
1.17
1.16
.15
.14
.15
.16
.16
.15
1.51
1.46
1.44
1.45
1.46
1.45
1.43
1.42
.44
1.45
[.47
1.47
1.91
1.86
.84
.85
.85
1.83
.80
.78
L.82
1.87
1.88
1.86
2.30
2.27
2.24
2.25
'2.25
2.19
2.13
2.07
2.14
2.18
2.21
2.20
2.81
2.81
2.80
2.78
2.77
2.78
2.78
2.77
2.76
2.76
2.76
2.74
3.11
3.10
3.09
3.08
3.06
3.05
3.04
3.02
3.03
3.02
3.02
2.98
2.72
2.74
2.74
2.74
2.73
2.73
2.72
2.71
2.72
2.72
2.72
2.70
2.83
2.83
2.82
2.82
2.81
2.81
2.80
2.79
2.79
2.81
2.80
2.76
3.11
3.10
3.10
3.09
3.07
3.07
3.05
3.04
3.05
3.01
3.01
2.98
3.76
3.72
3.70
3.68
3.63
3.59
3.57
3.55
3.56
3.55
3.53
3.49
2.83
2.83
2.83
2.83
2.81
2.79
2.79
2.79
2.79
2.79
2.77
2.74
3.51
3.49
3.48
3.45
3.41
3.40
3.37
3.34
3.35
3.32
3.29
3.25
2.99
2.98
2.97
2.97
2.97
2.96
2.95
2.94
2.94
2.96
2.98
2.96
1945—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
2.44
2.38
2.40
2.39
2.39
2.35
2.34
2.36
2.37
2.35
2.33
2.33
1.81
1.71
1.61
1.57
1.58
1.58
1.57
1.70
1.79
1.76
1.70
1.64
1.60
1.51
1.42
1.39
1.39
1.42
1.43
1.55
1.64
1.61
1.55
1.48
1.09
1.02
.96
.95
.98
1.01
1.02
1.13
1.22
1.21
1.16
1.11
1.41
1.36
1.27
1.23
.24
1.25
.26
1.36
1.44
1.42
1.35
1.27
.79
.68
L.58
1.54
1.52
1.54
1.58
1.69
1.80
1.79
1.71
.62
2.10
1.99
1.85
1.82
.83
.86
.87
2.02
2.10
2.03
1.98
1.91
2.65
2.61
2.59
2.59
2.59
2.61
2.60
2.62
2.63
2.62
2.61
2.60
2.97
2.93
2.91
2.90
2.89
2.87
2.85
2.86
2.85
2.84
2.82
2.80
2.69
2.65
2.62
2.61
2.62
2.61
2.60
2.61
2.62
2.62
2.62
2.61
2.76
2.73
2.72
2.73
2.72
2.69
2.68
2.70
2.70
2.70
2.68
2.68
2.98
2.94
2.92
2.90
2.88
2.86
2.85
2.85
2.85
2.84
2.81
2.79
3.46
3.41
3.38
3.36
3.32
3.29
3.26
3.26
3.24
3.20
3.15
3.10
2.73
2.69
2.68
2.69
2.68
2.68
2.68
2.68
2.67
2.65
2.64
2.64
3.23
3.16
3.11
3.07
3.05
3.03
3.00
3.02
3.05
3.03
2.99
2.96
2.97
2.95
2.94
2.94
2.93
2.89
2.87
2.86
2.85
2.84
2.81
2.79
1946—Jan...
Feb..
Mar..
M*ay.'
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
2.21
2.12
2.09
2.08
2.19
2.16
2.18
2.23
2.28
2.26
2.25
2.24
1.57
1.49
1.49
1.45
1.54
1.55
1.60
1.65
1.75
1.84
1.80
1.97
1.39
1.29
1.25
1.22
1.35
1.38
1.46
1.54
1.60
1.64
1.60
1.78
1.02
.94
.92
.91
.02
.04
.09
1.16
.21
1.24
.23
1.38
1.20
1.12
[.09
1.05
.18
1.22
1.28
1.35
1.41
1.44
1.37
1.53
.53
1.41
1.36
1.31
.44
1.48
1.55
1.63
1.68
1.72
1.68
1.88
.79
1.67
1.61
L.59
1.74
1.79
1.91
2.00
2.08
2.15
2.12
2.34
2.52
2.46
2.44
2.44
2.49
2.47
2.48
2.51
2.55
2.58
2.58
2.60
2.73
2.68
2.66
2.67
2.71
2.71
2.71
2.73
2.79
2.82
2.82
2.83
2.54
2.48
2.47
2.46
2.51
2.49
2.48
2.51
2.58
2.60
2.59
2.61
2.62
2.56
2.54
2.56
2.58
2.59
2.59
2.62
2.68
2.70
2.69
2.69
2.73
2.70
2.69
2.69
2.73
2.73
2.72
2.74
2.80
2.84
2.84
2.83
3.01
2.95
2.94
2.96
3.02
3.03
3.03
3.03
3.10
3.15
3.17
3.17
2.57
2.54
2.54
2.57
2.60
2.59
2.58
2.58
2.64
2.65
2.66
2.66
2.89
2.83
2.80
2.78
2.84
2.85
2.86
2.89
2.98
3.05
3.05
3.04
2.71
2.65
2.64
2.65
2.69
2.70
2.69
2.70
2.75
2.76
2.77
2.77
1947—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
2.21
2.21
2.19
2.19
2.19
2.22
2.25
2.24
2.24
2.27
2.36
2.39
1.92
1.99
2.02
.98
1.95
1.92
1.91
1.93
1.92
2.02
2.18
2.35
1.75
1.79
1.87
1.78
1.77
1.75
1.73
1.78
1.79
1.87
2.03
2.18
1.35
L.39
1.46
1.41
.42
1.40
1.39
L.43
1.42
1.50
1.59
1.69
1.49
1.54
1.62
1.55
1.54
1.50
1.48
1.53
1.53
1.60
1.76
1.91
1.84
1.88
1.96
1.86
1.84
1.82
1.83
1.89
1.91
1.99
2.17
2.33
2.30
2.35
2.43
2.31
2.29
2.26
2.23
2.26
2.29
2.40
2.59
2.78
2.54
2.54
2.53
2.51
2.51
2.52
2.52
2.52
2.55
2.67
2.74
2.83
2.79
2.78
2.79
2.78
2.79
2.81
2.80
2.80
2.85
2.95
3.02
3.12
2.57
2.55
2.55
2.53
2.53
2.55
2.55
2.56
2.61
2.70
2.77
2.86
2.65
2.64
2.64
2.63
2.63
2.64
2.64
2.64
2.69
2.79
2.85
2.94
2.79
2.79
2.80
2.81
2.82
2.83
2.82
2.81
2.86
2.95
3.01
3.16
3.13
3.12
3.15
3.16
3.17
3.21
3.18
3.17
3.23
3.35
3.44
3.52
2.63
2.61
2.61
2.60
2.60
2.60
2.62
2.63
2.67
2.76
2.84
2.92
3.00
3.00
3.02
3.03
3.05
3.10
3.06
3.03
3.09
3.22
3.30
3.42
2.73
2.72
2.73
2.71
2.71
2.72
2.72
2.72
2.78
2.87
2.93
3.02
11.
BOND YIELDS, BY TYPE OF SECURITY — Continued
A. ANNUALLY AND MONTHLY, 1941-63 — Continued
[Per cent per annum]
Government bonds
Corporate bonds
State and local
Month
United
States
(longterm)
Moody's
Moody's
Standard
and
Poor's
Total
Aaa
Aa
A
Baa
Standard
and
Poor's
AAA
By group
By rating
Total
Aaa
Aa
A
Baa
Industrial
Railroad
Public
utility
1948—Jan..
Feb..
Mar..
Apr..
May.
June.
July.,
Aug..
Sept.,
Oct..
Nov.,
Dec.
2.45
2.45
2.44
2.44
2.42
2.41
2.41
2.45
2.45
2.45
2.44
2.44
2.45
2.55
2.52
2.38
2.31
2.26
2.33
2.45
2.46
2.45
2.42
2.26
2.28
2.42
2.44
2.35
2.29
2.23
2.27
2.34
2.39
2.40
2.32
2.22
1.76
1.88
1.96
1.92
1.87
1.81
1.85
1.90
1.93
1.93
1.86
1.75
2.02
2.17
2.18
2.05
1.96
1.90
1.93
2.01
2.07
2.07
1.96
1.85
2.45
2.59
2.58
2.53
2.49
2.42
2.48
2.56
2.60
2.62
2.58
2.47
2.89
3.03
3.02
2.92
2.85
2.79
2.80
2.87
2.94
2.96
2.89
2.80
2.81
2.82
2.80
2.77
2.75
2.74
2.79
2.84
2.84
2.84
2.84
2.79
3.12
3.12
3.10
3.05
3.02
3.00
3.04
3.09
3.09
3.11
3.12
3.09
2.86
2.85
2.83
2.78
2.76
2.76
2.81
2.84
2.84
2.84
2.84
2.79
2.94
2.93
2.90
2.87
2.86
2.85
2.89
2.94
2.93
2.94
2.92
2.88
3.17
3.17
3.13
3.08
3.06
3.03
3.07
3.13
3.13
3.15
3.18
3.16
3.52
3.53
3.53
3.47
3.38
3.34
3.37
3.44
3.45
3.50
3.53
3.5,3
2.91
2.90
2.89
2.85
2.82
2.80.
2.84
2.89
2.88
2.90
2.89
2.85
3.44
3.43
3.40
3.34
3.27
3.23
3.26
3.31
3.32
3.35
3.37
3.36
3.03
3.03
3.01
2.97
2.95
2.96
3.02
3.07
3.07
3.07
3.09
3.06
1949—Jan..
Feb..
Mar.
May.'
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
2.42
2.39
2.38
2.38
2.38
2.38
2.27
2.24
2.22
2.22
2.20
2.19
2.15
2.23
2.21
2.20
2.20
2.28
2.26
2.20
2.22
2.21
2.17
2.13
2.11
2.17
2.18
2.17
2.16
2.22
2.17
2.14
2.15
2.15
2.11
2.07
1.64
1.70
1.69
1.64
1.63
1.71
1.66
1.63
1.64
1.65
1.63
1.61
1.82
1.89
1.89
1.89
1.90
1.98
1.94
1.93
1.94
1.95
1.89
1.86
2.33
2.40
2.41
2.43
2.42
2.48
2.40
2.38
2.37
2.35
2.33
2.29
2.66
2.70
2.73
2.71
2.68
2.72
2.66
2.63
2.65
2.64
2.58
2.53
2.71
2.70
2.70
* 2.69
2.69
2.69
2.65
2.60
2.58
2.59
2.58
2.56
3.02
3.00
3.00
3.00
3.00
3.00
2.98
2.92
2.90
2.90
2.89
2.86
2.71
2.71
2.70
2.70
2.71
2.71
2.67
2.62
2.60
2.61
2.60
2.58
2.81
2.80
2.79
2.79
2.78
2.78
2.75
2.71
2.69
2.70
2.68
2.67
3.08
3.05
3.05
3.05
3.04
3.04
3.03
2.96
2.95
2.94
2.93
2.89
3.46
3.45
3.47
3.45
3.45
3.47
3.46
3.40
3.37
3.36
3.35
3.31
2.80
2.79
2.78
2.78
2.78
2.78
2.75
2.70
2.68
2.68
2.67
2.65
3.26
3.24
3.27
3.27
3.26
3.29
3.29
3.21
3.19
3.20
3.20
3.14
2.99
2.99
2.97
2.96
2.95
2.93
2.89
2.86
2.84
2.83
2.81
2.79
1950—Jan..
Feb..
Mar.
Apr.,
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec
2.20
2.24
2.27
2.30
2.31
2.33
2.34
2.33
2.36
2.38
2.38
2.39
2.08
2.06
2.07
2.08
2.07
2.09
2.09
1.90
1.88
1.82
1.79
1.77
2.03
2.02
2.02
2.03
2.04
2.05
2.03
1.85
1.84
.78
.77
.78
1.61
1.61
1.62
1.63
1.65
1.66
1.66
1.52
1.50
1.44
1.42
1.42
1.82
1.83
1.84
1.87
1.88
1.88
1.87
1.66
1.67
1.61
1.58
1.60
2.23
2.20
2.20
2.21
2.23
2.23
2.21
1.99
2.00
1.93
1.92
1.92
2.46
2.43
2.40
2.40
2.41
2.42
2.39
2.21
2.20
2.15
2.15
2.17
2.55
2.55
2.55
2.56
2.58
2.59
2.61
2.58
2.60
2.63
2.64
2.63
2.83
2.83
2.84
2.84
2.86
2.87
2.90
2.85
2.86
2.88
2.88
2.88
2.57
2.58
2.58
2.60
2.61
2.62
2.65
2*61
2.64
2.67
2.67
2.67
2.65
2.65
2.66
2.66
2.69
2.69
2.72
2.67
2.71
2.72
2.72
2.72
2.85
2.86
2.86
2.86
2.88
2.90
2.92
2.87
2.88
2.91
2.92
2.91
3.24
3.24
3.24
3.23
3.25
3.28
3.32
3.23
3.21
3.22
3.22
3.20
2.63
2.63
2.64
2.64
2.65
2.66
2.69
2.66
2.68
2.70
2.70
2.70
3.07
3.08
3.08
3.08
3.12
3.15
3.19
3.08
3.07
3.09
3.08
3.07
2.79
2.78
2.78
2.79
2.81
2.81
2.83
2.80
2.84
2.85
2.86
2.87
1951—Jan..
Feb..
Mar.
Apr.
May.
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec
2.39
2.40
2.47
2.56
2.63
2.65
2.63
2.57
2.56
2.61
2.66
2.70
1.62
1.61
1.87
2.05
2.09
2.22
2.18
2.04
2.05
2.08
2.07
2.10
1.64
1.60
.77
1.97
2.04
2.23
2.23
2.03
2.01
2.08
2.08
2.12
1.31
1.30
1.45
1.61
1.66
1.78
1.78
1.65
1.65
1,69
1.69
1.72
1.43
1.38
1.59
1.79
1.85
2.03
2.04
1.86
1.83
1.87
1.85
1.89
1.78
1.73
1.91
2.12
2.23
2.44
2.42
2.22
2.21
2.30
2.30
2.33
2.05
1.99
2.17
2.35
2.41
2.67
2.67
2.38
2.35
2.44
2.47
2.53
2.62
2.63
2.73
2.83
2.85
2.90
2.92
2.87
2.82
2.88
2.98
3.01
2.86
2.85
2.96
3.07
3.09
3.16
3.17
3.12
3.08
3.13
3.20
3.21
2.66
2.66
2.78
2.87
2.89
2.94
2.94
2.88
2.84
2.89
2.96
3.01
2.71
2.71
2.82
2.93
2.93
2.99
2.99
2.92
2.88
2.93
3.02
3.06
2.89
2.88
3.00
3.11
3.15
3.21
3.23
3.17
3.15
3.18
3.26
3.31
3.17
3.16
3.23
3.35
3.40
3.49
3.53
3.50
3.46
3.50
3.56
3.61
2.69
2.69
2.81
2.89
2.90
2.96
2.97
2.92
2.89
• 2.93
2.97
3.00
3.03
3.01
3.09
3.24
3.28
3.33
3.36
3.31
3.27
3.31
3.42
3.50
2.85
2.86
2.95
3.07
3.10
3.18
3.19
3.13
3.09
3.14
3.21
3.24
1952—Jan....
Feb.. .
Mar...
Apr...
May..
June..
July...
Aug...
Sept...
Oct...
Nov..,
Dec.. .
2.74
2.71
2.70
2.64
2.57
2.61
2.61
2.70
2.71
2.74
2.71
2.75
2.10
2.04
2.07
2.01
2.05
2.10
2.12
2.22
2.33
2.42
2.40
2.40
2.14
2.10
2.09
2.04
2.05
2.14
2.17
2.23
2.35
2.43
2.41
2.44
.74
1.72
1.72
1.68
1.67
.73
.76
1.78
1.91
L.99
1.98
1.96
1.92
1.90
1.87
1.83
1.83
1.93
1.96
2.03
2.14
2.19
2.18
2.22
2.30
2.25
2.24
2.15
2.17
2.25
2.29
2.38
2.51
2.61
2.59
2.66
2.58
2.55
2.54
2.50
2.54
2.63
2.67
2.74
2.84
2.94
2.90
2.92
2.96
2.91
2.95
2.92
2.92
2.93
2.94
2.95
2.96
3.02
2.98
2.98
3.24
3.18
3.19
3.16
3.16
3.17
3.17
3.18
3.19
3.22
3.20
3.19
2.98
2.93
2.96
2.93
2.93
2.94
2.95
2.94
2.95
3.01
2.98
2.97
3.05
3.01
3.03
3.01
3.00
3.03
3.04
3.06
3.07
3.08
3.06
3.05
3.33
3.25
3.24
3.20
3.20
3.20
3.19
3.21
3.22
3.24
3.24
3.22
3.50
3.53
3.51
3.50
3.49
3.50
3.50
3.51'
3.52
3.54
3.53
3.51
3.00
2.97
2.99
2.97
2.97
2.98
2.99
3.00
3.20
3.05
3.05
3.04
3.48
3.38
3.36
3.32
3.31
3.32
3.33
3.34
3.36
3.39
3.37
3.34
3.23
3.19
3.21
3.19
3.19
3.20
3.20
3.20
3.20
3.22
3.19
3.19
1953—Jan...
Feb...
Mar..
Apr..
May. .
June..
July..
Aug..
Sept..
Oct...
Nov..,
Dec..
2.80
2.83
2.89
2.97
3.12
3.13
3.04
3.05
3.01
2.87
2.86
2.79
2.47
2.54
2.61
2.63
2.73
2.99
2.99
2.89
2.88
2.72
2.62
2.59
2.52
2.65
2.76
2.76
2.84
3.12
3.03
2.99
2.99
2.83
2.64
2.67
2.04
2.14
2.21
2.20
2.32
2.64
2.56
2.48
2.49
2.33
2.15
2.18
2.30
2.41
2.49
2.50
2.58
2.86
2.80
2.70
2.68
2.50
2.31
2.31
2.73
2.88
3.00
3.00
3.07
3.30
3.17
3.16
3.18
2.99
2.78
2.83
3.02
3.17
3.33
3.35
3.42
3.67
3.60
3.60
3.62
3.49
3.33
3.34
3.03
3.06
3.10
3.20
3.33
3.39
3.27
3.22
3.26
3.15
3.08
3.09
3.22
3.26
3.31
3.40
3.53
3.61
3.55
3.51
3.54
3.45
3.38
3.39
3.02
3.07
3.12
3.23
3.34
3.40
3.28
3.24
3.29
3.16
3.11
3.13
3.09
3.14
3.13
3.29
3.41
3.50
3.42
3.39
3.43
3.33
3.27
3.28
3.25
3.30
3.36
3.44
3.58
3.67
3.62
3.56
3.56
3.47
3.40
3.40
3.51
3.53
3.57
3.65
3.78
3.86
3.86
3.85
3.88
3.82
3.75
3.74
3.07
3.11
3.16
3.27
3.39
3.48
3.42
3.37
3.39
3.33
3.27
3.28
3.36
3.39
3.43
3.51
3.63
3.73
3.67
3.61
3.65
3.56
3.51
3.52
3.23
3.29
3.33
3.44
3.57
3.62
3.56
3.54
3.58
3.46
3.38
3.37
1954—Jan...
Feb..,
Mar..
Apr..
May.,
June.,
July..
Aug..
Sept..
Oct...
Nov..
Dec.
2.69
2.62
2.53
2.48
2.54
2.55
2.47
2.48
2.52
2.54
2.57
2.59
2.50
2.39
2.38
2.47
2.49
2.48
2.31
2.23
2.29
2.32
2.29
2.33
2.62
2.54
2.50
2.56
2.59
2.59
2.39
2.31
2.34
2.37
2.34
2.40
2.12
2.06
2.04
2.15
2.18
2.17
1.98
1.90
1.93
1.97
1.95
2.01
2.28
2.21
2.18
2.26
2.29
2.29
2.11
2.00
2.04
2.06
2.05
2.13
2.79
2.70
2.63
2.67
2.67
2.66
2.46
2.38
2.42
2.44
2.39
2.48
3.27
3.19
3.13
3.17
3.20
3.22
3.00
2.94
2.98
3.00
2.96
2.99
3.02
2.91
2.82
2.81
2.85
2.87
2.85
2.83
2.84
2.85
2.86
2.88
3.34
3.23
3.14
3.12
3.13
3.16
3.15
3.14
3.13
3.13
3.13
3.13
3.06
2.95
2.86
2.85
2.88
2.90
2.89
2.87
2.89
2.87
2.89
2.90
3.22
3.12
3.03
3.00
3.03
3.06
3.04
3.03
3.04
3.04
3.04
3.04
3.35
3.25
3.16
3.15
3.15
3.18
3.17
3.15
3.13
3.14
3.13
3.14
3.71
3.61
3.51
3.47
3.47
3.49
3.50
3.49
3.47
3.46
3.45
3.45
3.23
3.12
3.05
3.04
3.06
3.10
3.10
3.07
3.07
3.06
3.06
3.07
3.47
3.35
3.24
3.19
3.21
3.23
3.23
3.21
3.22
3.23
3.22
3.23
3.31
3.23
3.14
3.13
3.13
3.15
3.13
3.12
3.13
3.11
3.10
3.10
1955—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
2.68
2.77
2.78
2.82
2.81
2.82
2.91
2.95
2.92
2.87
2.89
2.91
2.39
2.42
2.45
2.43
2.41
2.48
2.62
2.67
2.63
2.56
2.55
2.71
2.48
2.49
2.49
2.50
2.48
2.49
2.62
2.69
2.70
2.64
2.60
2.70
2.09
2.10
2.09
2.08
2.06
2.09
2.23
2.33
2.31
2.25
2.20
2.29
2.23
2.25
2.25
2.26
2.24
2.24
2.36
2.43
2.43
2.36
2.31
2.46
2.55
2.57
2.56
2.57
2.55
2.56
2.70
2.78
2.80
2.73
2.69
2.81
3.04
3.05
3.07
3.08
3.07
3.08
3.17
3.22
3.24
3.22
3.20
3.25
2.90
2.95
2.98
2.98
3.02
3.03
3.04
3.11
3.12
3.09
3.08
3.16
3.15
3.18
3.20
3.21
3.23
3.23
3.24
3.29
3.31
3.30
3.29
3.33
2.93
2.93
3.02
3.01
3.04
3.05
3.06
3.11
3.13
3.10
3.10
3.15
3.06
3.10
3.13
3.13
3.15
3.14
3.14
3.20
3.22
3.19
3.18
3.22
3.15
3.17
3.18
3.19
3.21
3.22
3.24
3.28
3.31
3.30
3.29
3.33
3.45
3.47
3.48
3.49
3.50
3.51
3.52
3.56
3.59
3.59
3.58
3.62
3.08
3.12
3.14
3.14
3.17
3.18
3.18
3.25
3.25
3.23
3.22
3.26
3.25
3.28
3.31
3.30
3.32
3.31
3.32
3.36
3.40
3.38
3.38
3.42
3.12
3.15
3.17
3.17
3.19
3.21
3.22
3.26
3.29
3.27
3.28
3.31
1956—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
2.88
2.85
2.93
3.07
2.97
2.93
3.00
3.17
3.21
3.20
3.30
3.40
2.64
2.58
2.69
2.88
2.86
2.75
2.78
2.94
3.07
3.14
3.38
3.44
2.69
2.63
2.67
2.84
2.83
2.71
2.79
2.94
3.06
3.12
3.39
3.57
2.27
2.19
2.24
2.43
2.46
2.34
2.40
2.53
2.63
2.66
2.87
3.04
2.46
2.40
2.44
2.61
2.62
2.52
2.58
2.71
2.85
2.93
3.16
3.32
2.78
2.73
2.77
2.92
2.88
2.74
2.82
2.98
3.14
3.21
3.53
3.72
3.24
3.21
3.24
3.38
3.37
3.26
3.34
3.52
3.60
3.67
3.98
4.19
3.10
3.07
3.11
3.23
3.27
3.28
3.30
3.42
3.59
3.63
3.74
3.80
3.30
3.28
3.30
3.41
3.46
3.46
3.50
3.62
3.75
3.82
3.90
3.89
3.11
3.08
3.10
3.24
3.28
3.26
3.28
3.43
3.56
3.59
3.69
3.75
3.19
3.16
3.13
3.30
3.34
3.35
3.39
3.50
3.63
3.69
3.76
3.85
3.30
3.28
3.30
3.41
3.47
3.48
3.52
3.63
3.73
3.81
3.90
3.98
3.60
3.58
3.60
3.68
3.73
3.76
3.80
3.93
4.07
4.17
4.24
4.37
3.23
3.20
3.24
3.37
3.40
3.39
3.42
3.55
3.68
3.75
3.82
3.95
3.40
3.37
3.37
3.47
3.53
3.55
3.59
3.72
3.83
3.89
4.01
4.08
3.28
3.26
3.27
3.38
3.44
3.44
3.48
3.60
3.73
3.82
3.86
3.93
11.
BOND YIELDS, BY TYPE OF SECURITY — Continued
A. ANNUALLY AND MONTHLY, 1941-63 — Continued
[Per cent per annum]
Corporate bonds
Government bonds
State and local
Month
1957 Jan
Feb
Mar
Apr
May
June
July
AUE
Sept
Oct
Nov
Dec
1958—Jan
Feb
Mar
Apr . .
May
June .
July
Aug
Sent
Oct
Nov
Dec
1959 Jan .
Feb
Mar
Apr .
May
June
July
Aug
Sept
Oct
Nov
Dec
I960—Jan
Feb
Mar
Apr
May. . .
June
July
Aug
Sept
Oct
Nov
Dec .
United
States
(longterm)
Moody's
Standard
Moody's
and
By rating
Standard
and
Poor's
Total
Aaa
Aa
A
Baa
3.34
3.22
3.26
3.32
3.40
3.58
3.60
3.63
3.66
3.73
3.57
3.30
3.40
3.26
3.32
3.33
3.52
3.75
3.75
3.91
3.90
3.79
3.76
3.47
3.51
3.29
3.36
3.35
3 48
3.65
3.65
3.84
3.89
3.74
3 67
3.33
2.99
2.79
2.88
2.88
3 00
3.19
3.17
3 37
3.43
3.31
3 24
2.92
3.24
3.05
3.15
3.15
3.26
3.41
3.41
3.64
3.68
3.50
3.42
3.05
3.64
3.37
3.42
3.43
3.54
3.69
3.73
3.90
3.96
3.78
3 68
3.33
4.16
3.96
3.97
3.95
4.10
4.32
4.29
4.43
4.49
4.38
4.35
4.00
3.80
3 70
3.69
3.70
3 77
3.93
4.01
4 13
4.15
4.13
4 12
3.81
4.04
3.99
3.97
3.96
4.02
4.15
4.26
4 37
4.44
4.46
4 49
4.31
3.24
3.26
3.25
3.12
3.14
3.19
3.36
3.60
3.75
3.76
3.70
3.80
3.32
3.37
3.45
3.31
3.25
3.26
3.45
3.74
3.96
3.94
3.84
3.84
3.17
3.15
3.23
3.16
3.12
3 15
3.23
3.50
3 74
3.69
3.59
3.57
2.75
2.72
2.79
2.70
2.69
2 74
2.79
3.07
3 28
3.23
3.17
3.12
2.94
2.96
3.04
3.00
2.95
2.96
3.03
3.31
3.58
3.51
3.38
3.35
3.18
3.13
3.22
3.17
3.12
3 15
3.24
3.56
3 80
3.76
3.69
3.68
3.81
3.79
3.88
3.78
3.71
3.78
3.83
4.07
4.32
4.25
4.11
4.10
3 59
3.60
3.64
3 63
3.61
3 61
3.70
3.86
4 08
4.14
4.09
4.10
3.90
3.92
3.92
4.01
4.08
4 09
4.11
4 10
4.26
4.11
4.12
4.27
3.87
3.85
3.76
3.84
3.97
4 04
4.04
3 96
4.13
3.99
3.94
4.05
3 60
3.57
3.44
3 53
3.70
3 80
3.92
3 84
3.95
3.90
3 81
3.84
3 19
3.16
3.06
3.12
3.29
3 37
3.51
3 44
3 60
3.57
3 44
3.43
3.40
3.38
3.23
3.34
3.54
3 64
3.75
3 63
3.78
3.71
3 59
3.62
3 68
3.66
3.55
3 64
3.81
3 90
3.99
3 91
3.99
3.96
3 90
3.93
4.11
4.08
3.93
4.02
4.20
4 28
4.43
4 36
4.42
4.38
4.30
4.37
4.37
4.22
4.0«
4 17
4.16
3 99
3.86
3.79
3.82
3 91
3.93
3.88
4.13
3 97
3.87
3 84
3.85
3 78
3.72
3.53
3.53
3 59
3.46
3.45
3.92
3 84
3.77
3 72
3.75
3 74
3.73
3.57
3 55
3 64
3.57
3.53
3.49
3 40
3.34
3 30
3.34
3 33
3.31
3.10
3 09
3 20
3.14
3.12
3.73
3 66
3.60
3 55
3.55
3 53
3.52
3.37
3.37
3 49
3.42
3.35
4.02
3 93
3.84
3 77
3.81
3 82
3.84
3.66
3.63
3 70
3.63
3.60
4.43
4 35
4.29
4 24
4.31
4 27
4.26
4.15
4.09
4 16
4.09
4.03
Poor's
AAA
By group
Total
Aaa
Aa
A
Baa
Industrial
Railroad
Public
utility
3.77
3.67
3.66
3.67
3.74
3.91
3.99
4.10
4.12
4.10
4.08
3.81
3.89
3.83
3.80
3.79
3.83
3.98
4.10
4.21
4.26
4.28
4.29
4.08
4.01
3.99
3.97
3.95
3.99
4.09
4.20
4.35
4.43
4.46
4.50
4.31
4.49
4.47
4.43
4.44
4.52
4.63
4.73
4.82
4.93
4.99
5.09
5.03
4.02
3.94
3.90
3.89
3.96
4.14
4.19
4.29
4.31
4.32
4.34
4.11
4.12
4.06
4.04
4.06
4.13
4.26
4.39
4.49
4.56
4.57
4.65
4.53
3.98
3.97
3.95
3.94
3.98
4.06
4.19
4.33
4.45
4.48
4.49
4.29
4 06
4.01
4.04
4 02
4.00
3 98
4 02
4.17
4 39
4 42
4.40
4.38
3.60
3.59
3.63
3.60
3.57
3.57
3.67
3.85
4.09
4.11
4.09
4.08
3.81
3.77
3.78
3.78
3.78
3.78
3.83
3.98
4.20
4.21
4.21
4.18
4.01
4.00
4.06
4.01
4.02
4.00
4.04
4.19
4.40
4.45
4.43
4.42
4.83
4.66
4.68
4.67
4.62
4.55
4.53
4.67
4.87
4.92
4.87
4.85
3.91
3.86
3.86
3.83
3.80
3.77
3.81
3.94
4.24
4.25
4.23
4.24
4.30
4.29
4.30
4.32
4.30
4.28
4.30
4.42
4.52
4.56
4.56
4.52
3.99
3.87
3.95
3.90
3.89
3.88
3.94
4.16
4.41
4.46
4.40
4.39
4 14
4.15
4.13
4 23
4.38
4 46
4.47
4 44
4 54
4.55
4 55
4.59
4 41
4.43
4.40
4 47
4.60
4 69
4 72
4 71
4 82
4.87
4 85
4.87
4.12
4.14
4.13
4.23
4.37
4.46
4.47
4 43
4.52
4.57
4.56
4.58
4.22
4.24
4.23
4.32
4.46
4.56
4.58
4.58
4.69
4.76
4.70
4.74
4.43
4.43
4.40
4.45
4.61
4.71
4.75
4.74
4.87
4.87
4.86
4.89
4.87
4.89
4.85
4.86
4.96
5.04
5.08
5.09
5.18
5.28
5.26
5.28
4.28
4.31
4.28
4.35
4.46
4.55
4.58
4.56
4.68
4.70
4.69
4.70
4.53
4.51
4.51
4.56
4.67
4.76
4.79
4.80
4.88
4.96
4.99
5.05
4.43
4.46
4.43
4.49
4.67
4.77
4.79
4.77
4.89
4.95
4.86
4.86
4.62
4 55
4.47
4 44
4.45
4 44
4.39
4.27
4.24
4 30
4.34
4.37
4.91
4 88
4.81
4 76
4.80
4 78
4.74
4.61
4 58
4 63
4.64
4.66
4.61
4.56
4.49
4 45
4.46
4 45
4.41
4.28
4.25
4.30
4.31
4.35
4.77
4.71
4.62
4.58
4.61
4.60
4.56
4.44
4.41
4.44
4.47
4.50
4.93
4.92
4.86
4.79
4.84
4.81
4.77
4.65
4.63
4.67
4.69
4.71
5.34
5.34
5.25
5.20
5.28
5.26
5.22
5.08
5.01
5.11
5.08
5.10
4.74
4.71
4.64
4.61
4.65
4.64
4.61
4.49
4.46
4.50
4.51
4.55
5.08
5.05
4.99
4.97
4.98
4.94
4.90
4.82
4.78
4.84
4.85
4.87
4.92
4.89
4.79
4.70
4.76
4.76
4.71
4.53
4.48
4.56
4.56
4.58
.
1961—Jan..
Feb..
Mar.,
Apr..
May.
June.
July.,
Aug.,
Sept.,
Oct..
Nov.
Dec.
3.89
3.81
3.78
3.80
3.73
3.88
3.90
4.00
4.02
3.98
3.98
4.06
3.44
3.33
3.38
3.44
3.38
3.53
3.53
3.55
3.54
3.46
3.44
3.49
3.56
3.54
3.60
3.61
3.57
3.63
3.63
3.62
3.64
3.59
3.57
3.63
3.15
3.14
3.23
3.27
3.25
3.35
3.35
3.33
3.33
3.28
3.27
3.32
3.37
3.35
3.42
3.48
3.45
3.52
3.50
3.51
3.51
3.45
3.42
3.51
3.66
3.59
3.65
3.66
3.62
3.68
3.71
3.70
3.70
3.64
3.62
3.63
4.06
4.06
4.11
4.01
3.95
3.97
3.94
3.96
4.02
3.98
3.96
4.04
4.33
4.28
4.22
4.27
4.30
4.38
4.42
4.46
4.47
4.41
4.39
4.42
4.65
4.59
4.54
4.56
4.58
4.63
4.70
4.73
4.74
4.73
4.70
4.71
4.32
4.27
4.22
4.25
4.27
4.33
4.41
4.45
4.45
4.42
4.39
4.42
4.48
4.40
4.33
4.37
4.41
4.45
4.53
4.57
4.59
4.56
4.54
4.56
4.69
4.63
4.57
4.59
4.63
4.69
4.75
4.80
4.81
4.79
4.75
4.74
5.10
5.07
5.02
5.01
5.01
5.03
5.09
5.11
5.12
5.13
5.11
5.10
4.52
4.46
4.40
4.45
4.48
4.54
4.59
4.61
4.61
4.60
4.58
4.59
4.86
4.82
4.78
4.75
4.77
4.83
4.89
4.92
4.94
4.92
4.89
4.91
4.57
4.51
4.43
4.46
4.49
4.52
4.60
4.67
4.67
4.66
4.63
4.62
1962—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
4.08
4.09
4.01
3.89
3.88
3.90
4.02
3.97
3.94
3.89
3.87
3.87
3.32
3.28
3.19
3.08
3.09
3.24
3.30
3.31
3.18
3.03
3.03
3.12
3.55
3.40
3.30
3.21
3.21
3.31
3.37
3.38
3.28
3.21
3.15
3.22
3.21
3.08
3.03
2.98
2.98
3.06
3.10
3.10
3.01
2.94
2.89
2.93
3.44
3.28
3.19
3.11
3.09
3.16
3.24
3.23
3.12
3.04
3.00
3.09
3.54
3.40
3.31
3.21
3.21
3.35
3.41
3.44
3.33
3.23
3.18
3.27
4.01
3.83
3.66
3.55
3.55
3.65
3.72
3.74
3.66
3.62
3.53
3.57
4.39
4.40
4.36
4.30
4.25
4.27
4.31
4.32
4.28
4.20
4.20
4.20
4.70
4.70
4.67
4.63
4.58
4.59
4.63
4.64
4.61
4.57
4.55
4.52
4.42
4.42
4.39
4.33
4.28
4.28
4.34
4.35
4.32
4.28
4.25
4.24
4.55
4.56
4.53
4.49
4.43
4.44
4.49
4.49
4.46
4.41
4.40
4.38
4.74
4.74
4.71
4.66
4.62
4.62
4.65
4.66
4.62
4.61
4.59
4.54
5.08
5.07
5.04
5.02
5.00
5.02
5.05
5.06
5.03
4.99
4.96
4.92
4.57
4.57
4.52
4.46
4.42
4.45
4.52
4.51
4.45
4.40
4.39
4.40
4.92
4.90
4.88
4.86
4.83
4.86
4.90
4.90
4.88
4.85
4.83
4.76
4.61
4.62
4.60
4.56
4.50
4.47
4.48
4.50
4.49
4.46
4.42
4.41
1963—Jan..
Feb..
Mar.
Apr.,
May.
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec
3.88
3.92
3.93
3.97
3.97
4.00
4.01
3.99
4.04
4.07
4.10
4.14
3.12
3.18
3.11
3.11
3.15
3.27
3.29
3.22
3.27
3.32
3.41
3.34
3.22
3.24
3.21
3.21
3.21
3.31
3.31
3.28
3.31
3.33
3.36
3.33
2.95
2.99
2.97
2.97
2.99
3.09
3.10
3.09
3.13
3.15
3.17
3.12
3.08
3.11
3.08
3.07
3.09
3.19
3.19
3.16
3.20
3.22
3.26
3.23
3.26
3.28
3.24
3.24
3.24
3.33
3.31
3.30
3.33
3.33
3.39
3.35
3.56
3.57
3.56
3.55
3.54
3.62
3.60
3.59
3.58
3.59
3.62
3.61
4.18
4.16
4.16
4.20
4.21
4.22
4.25
4.26
4.30
4.31
4.31
4.35
4.49
4.48
4.47
4.47
4.48
4.47
4.49
4.50
4.52
4.52
4.54
4.55
4.21
4.19
4.19
4.21
4.22
4.23
4.26
4.29
4.31
4.32
4.33
4.35
4.37
4.36
4.34
4.35
4.36
4.36
4.39
4.40
4.41
4.43
4.44
4.46
4.48
4.46
4.45
4.46
4.46
4.45
4.47
4.48
4.50
4.51
4.54
4.54
4.91
4.89
4.88
4.87
4.85
4.84
4.84
4.83
4.84
4.83
4.84
4.85
4.38
4.37
4.38
4.40
4.40
4.40
4.43
4.45
4.46
4.47
4.47
4.48
4.72
4.69
4.65
4.63
4.63
4.61
4.62
4.63
4.65
4.66
4.68
4.68
4.38
4.37
4.38
4.39
4.39
4.40
4.42
4.42
4.44
4.44
4.45
4.49
11.
BOND YIELDS, BY TYPE OF SECURITY — Continued
B. WEEKLY, 1941-63
[Per cent per annum]
Corporate bonds
Government bonds
Moody's
State
and
local
(Standard
and
Poor's)
Standard
and
Poor's
AAA
2.04
2.09
2 11
2.15
2.06
2.17
2 14
2.17
2.88
2.87
2 86
2.86
2 17
2.21
2.23
2.24
2 15
2 21
2.22
2.32
Mar 1
8
15
22
29
2.18
2 17
2 11
2.08
2.10
Apr 5
12
19
26
Week ending—
United
States
(longterm)
By rating
By group
Total
Aaa
Aa
A
Baa
Industrial
Railroad
Public
utility
3.36
3.37
3.36
3.36
2.72
2.75
2.74
2.76
2.91
2.94
2.95
2.96
3.36
3.37
3.36
3.36
4.43
4.41
4.38
4.37
2.92
2.95
2.96
2.97
4.00
3.99
3.96
3.95
3.14
3.16
3.16
3.17
2 88
2.87
2.89
2.88
3.36
3.38
3.39
3.42
2.76
2.76
2.76
2.79
2.96
2.98
2.99
3.02
3.36
3.38
3.37
3.39
4.36
4.40
4.41
4.46
2.97
2.99
2.99
3.02
3.94
3.97
3.98
4.03
3.17
3.18
3.19
3.20
2.32
2 31
2 31
2.26
2.22
2.89
2 89
2.88
2.91
2.93
3.41
3.39
3.38
3.38
3.40
2.79
2.78
2.78
2.78
2.83
3.01
3.00
3.00
2.99
3.04
3.38
3.37
3.36
3.36
3.38
4.44
4.41
4.39
4.36
4.35
3.02
3.01
3.00
2.99
3.05
4.02
4.00
3.98
3.97
3.97
3.18
3.17
3.17
3.16
3.18
2.12
2 13
2.08
2.02
2.23
2 22
2 21
2.18
2.92
2 93
2 91
2.90
3.39
3.40
3.41
3.39
2.82
2.82
2.83
2.82
3.05
3.04
3.05
3.02
3.38
3.38
3.39
3.37
4.33
4.34
4.35
4.34
3.06
3.06
3.07
3.05
3.95
3.96
3.97
3.97
3.17
3.17
3.17
3.15
May 3
10
17
24
31
2 02
2 04
2 04
2.06
2.02
2 18
2 17
2 14
2 12
2.11
2.88
2 89
2 87
2.88
2.87
3.38
3.37
3.36
3.37
3.37
2.81
2.81
2.82
2.82
2.82
3.01
3.00
2.99
2.99
2.99
3.36
3.34
3.34
3.34
3.33
4.32
4.31
4.31
4.32
4.33
3.04
3.02
3.02
3.02
3.01
3.95
3.94
3.94
3.95
3.96
3.14
3.14
3.13
3.13
3.13
June 7
14
21
28
2.03
2 02
2 02
1.99
2.08
2 08
2 08
2.07
2.86
2 86
2 85
2.83
3.36
3.35
3.33
3.32
2.81
2.78
2.77
2.75
2.98
2.96
2.94
2.92
3.33
3.32
3.31
3.29
4.33
4.32
4.31
4.29
3.01
2.97
2.96
2.93
3.96
3.95
3.95
3.94
3.12
3.11
3.09
3.08
July 5
12
19
26
1.98
1 99
1 99
1.98
2.05
2 03
2.04
2.03
2.83
2 82
2.82
2.82
3.31
3.30
3.30
3.29
2.75
2.74
2.74
2.74
2.92
2.91
2.90
2.90
3.28
3.27
3.26
3.25
4.30
4.29
4.28
4.27
2.92
2.91
2.90
2.90
3.94
3.94
3.93
3.92
3.08
3.08
3.07
3.06
1 97
2 01
2 04
2 02
2.00
2 00
1.98
2 01
2 01
2.01
2 80
2 81
2 81
2 79
2.79
3 29
3.28
3 29
3.30
3.29
2 74
2.74
2.75
2.75
2.74
2.89
2.89
2.90
2.91
2.91
3.25
3.25
3.25
3.24
3.24
4.27
4.26
4.27
4.29
4.28
2.90
2.89
2.90
2.90
2.89
3.91
3.90
3.92
3.93
3.93
T
1.99
2 01
2.03
2 03
2.00
1 99
1.99
1 99
2.79
2 79
2.79
2 78
3.29
3.29
3.30
3.31
2.74
2.74
2.75
2.75
2.91
2.91
2.92
2.91
3.23
3.24
3.24
3.24
4.27
4.28
4.30
4.33
2.88
2.89
2.89
2.88
3.93
3.93
3.95
3.97
3.06
3.07
3.07
3.07
2 01
2 00
2.00
2.35
1.96
1 92
1.90
1.90
2.77
2 77
2.76
2.76
3.29
3.28
3.28
3.28
2.74
2.73
2.73
2.73
2.89
2.88
2.88
2.88
3.23
3.21
3.21
3.21
4.31
4.27
4.28
4.28
2.87
2.85
2.85
2.85
3.95
3.93
3.93
3.92
3.06
3.05
3.05
3.06
1941—Jan
4
11
18
25
Feb. 1
8
15
22
Aug 2
9
16
23
30
Sept. 6
13
20
27
Oct 4
11
18
25
. . . .
. .
. . .
.
.
.
.
.
. . . .
1
Nov. 1..
8..
15..
22..
29..
2.34
2.33
2.33
2.35
2.35
1.89
1.89
1.90
1.89
1.90
2.76
2.76
2.75
2.75
2.76
3.27
3.26
3.27
3.27
3.27
2.73
2.72
2.72
2.72
2.72
2.86
2.86
2.86
2.86
2.87
3.20
3.19
3.19
3.19
3.19
4.28
4.26
4.28
4.29
4.29
2.85
2.84
2.84
2.85
2.85
3.92
3.90
3.91
3.92
3.91
3.05
3.04
3.04
3.04
3.04
Dec. 6..
13..
20..
27..
2.40
2.50
2.50
2.50
1.91
2.38
2.29
2.32
2.84
2.85
2.87
2.86
3.27
3.35
3.37
3.38
2.72
2.79
2.81
2.84
2.88
2.96
2.96
2.97
3.19
3.26
3.28
3.31
4.28
4.39
4.40
4.41
2.85
2.95
2.95
2.97
3.92
3.99
4.01
4.02
3.04
3.11
3.14
3.16
1942—Jan. 3..
10..
17..
24..
31..
2.50
2.49
2.49
2.47
2.47
2.37
2.37
2.29
2.28
2.37
2.86
2.84
2.86
2.85
2.86
3.39
3.35
3.34
3.34
3.34
2.86
2.83
2.83
2.83
2.84
2.98
2.96
2.96
2.96
2.96
3.32
3.30
3.30
3.30
3.29
4.41
4.31
4.28
4.28
4.27
2.99
2.97
4.02
3.95
3.92
3.92
3.92
3.16
3.13
3.13
3.13
3.14
Feb. 7..
14..
21..
28.,
2.47
2.48
2.48
2.48
2.49
2.51
2.63
2.58
2.85
2.85
2.87
2.88
3.35
3.35
3.36
3.37
2.84
2.84
2.85
2.86
2.97
2.97
2,98
2.99
3.29
3.28
3.29
3.30
4.28
4.29
4.30
4.30
2.97
2.98
2.99
i
3.93
3.93
3.95
3.95
3.14
3.13
3.14
3.16
Mar. 7..
14..
21..
28..
2.48
2.47
2.46
2.43
2.59
2.60
2.59
2.52
2.88
2.88
2.89
2.87
3.37
3.38
3.38
3.36
2.87
2.87
2.87
2.85
3.00
3.01
3.01
2.99
3.31
3.32
3.33
3.31
4.30
4.31
4.32
4.29
2.99
3.01
3.01
3.00
3.95
3.95
3.95
3.94
3.17
3.18
3.19
3.16
Apr. 4..
11..
18..
25..
2.43
2.43
2.44
2.46
2.49
2.43
2.43
2.41
2.85
2.85
2.84
2.85
3.35
3.34
3.34
3.34
2.84
2.83
2.83
2.83
2.97
2.97
2.97
2.98
3.30
3.30
3.30
3.30
4.26
4.25
4.26
4.26
2.96
2.95
2.96
2.96
3.93
3.93
3.94
3.95
3.14
3.13
3.13
3.13
May 2..
9..
16..
23.,
30.,
2.47
2.47
2.46
2.44
2.44
2.46
2.46
2.45
2.45
2.43
2.86
2.85
2.85
2.86
2.86
3.36
3.35
3.36
3.36
3.37
2.84
2.84
2.85
2.85
2.85
3.00
3.00
3.00
3.00
3.01
3.31
4.28
4.26
4.27
4.28
4.29
2.97
2.97
2.97
2.98
2.98
3.97
3.96
3.97
3.98
4.00
3.14
3.13
3.13
3.13
3.12
June 6..
13.,
20.
27.,
2.43
2.43
2.43
2.44
2.43
2.39
2.35
2.35
2.87
2.87
2.86
2.86
3.38
3.38
3.37
3.37
2.85
2.86
2.84
2.84
3.01
3.01
3.01
3.01
3.31
3.30
3.30
i
4.31
4.33
4.33
4.34
2.98
2.99
2.97
2.96
4.02
4.02
4.03
4.04
3.13
3.12
3.12
3.12
July 4.,
11.
18.
25.,
2.44
2.46
2.46
2.46
2.35
2.35
2.33
2.30
2.85
2.85
2.84
2.84
3.37
3.36
3.35
3.35
2.83
2.83
2.83
2.83
3.00
3.00
2.99
3.00
3.29
3.29
3.28
3.27
4.33
4.31
4.30
4.30
2.96
2.95
2.94
2.94
4.03
4.02
4.02
4.02
3.11
3.10
3.09
Aug. 1.,
8.
15.
22.
29.
2.46
2.48
2.48
2.47
2.46
2.29
2.28
2.28
2.28
2.26
2.85
2.85
2.85
2.84
2.84
3.34
3.34
3.34
3.34
3.33
2.82
2.82
2.81
2.81
2.80
2.99
3.27
3.27
3.26
3.27
3.27
4.29
4.29
4.28
4.28
4.27
2.94
2.94
2.94
2.95
2.95
4.01
4.00
3.99
3.98
3.97
3.09
3.08
Sept. 5.
12.
19.
26.
T
2.26
2.25
2.24
2.24
2.85
2.84
2.84
2.84
3.33
3.33
3.33
3.32
2.81
2.81
2.80
2.99
2.98
2.97
1
3.27
3.26
3.25
3.25
4.27
4.26
4.27
4.27
2.95
2.95
2.96
2.96
3.97
3.96
3.96
3.94
3.08
3.08
3.07
3.08
Oct. 3.
10.
17.
24.
31.
1
2.46
2.45
2.44
2.46
2.26
2.25
2.23
2.20
T
2.82
2.84
2.85
2.84
2.85
3.32.
3.31
3.30
3.31
3.31
2.96
2.95
2.95
2.95
2.95
3.25
3.24
3.24
3.24
3.25
4.26
4.25
4.23
4.24
4.24
2.94
2.94
2.93
2.93
2.94
3.93
3.92
3.91
3.92
3.92
3.08
3.07
3.07
3.07
3.07
Nov. 7.
14.
21.
28.
2.46
2.46
2.47
2.48
i
2.20
2.84
2.84
2.85
2.85
3.30
3.30
3.31
3.31
2.80
2.79
2.80
2.80
2.94
2.94
2.94
2.95
3.24
3.24
3.24
3.23
4.23
4.23
4.24
4.26
2.94
2.93
2.92
2.92
3.92
3.93
3.94
3.95
3.06
3.06
3.06
3.06
Dec. 5.
12.
19.
26.
2.49
2.49
2.49
2.49
2.22
2.25
2.28
2.28
2.86
2.85
2.87
2.86
3.32
3.33
3.33
3.32
2.81
2.81
2.82
2.81
2.96
2.96
2.96
2.96
3.23
3.23
3.23
3.23
4.28
4.29
4.29
4.26
2.94
2.94
2.94
2.94
3.96
3.97
3.97
3.95
3.07
3.07
3.08
3.07
t
i
T
T
T
T
11.
BOND YIELDS, BY TYPE OF SECURITY — Continued
B.
WEEKLY, 1941-63 — Continued
[Per cent per annum]
Corporate bonds
Government bonds
Moody's
1943_j a r ,
State
and
local
(Standard
and
Poor's)
Standard
and
Poor's
AAA
2.28
2.28
2.28
2.26
2 26
2.86
2.86
2 84
2.84
2 83
1
2.24
2.23
2.21
2.20
2 47
2.48
Week ending—
2.21
2.22
2.22
2.21
United
States
(longterm)
2
9
16
23
30
2.48
2.46
T
Feb 6
13
20
27
2.46
2 47
2.47
Mar 6
13
20
27
T
By rating
By group
Total
Aaa
Aa
A
Baa
Industrial
Railroad
Public
utility
3.32
3.31
3.28
3.27
3 25
2.81
2.81
2.80
2.79
2.78
2.96
2.95
2.93
2.92
2 91
3.23
3.22
3.21
3.20
3 18
4.26
4.23
4.17
4.14
4 11
2.93
2.92
2.91
2.90
2 88
3.94
3.92
3.88
3.85
3.82
3.07
3.07
3.06
3.05
3 04
2.82
2.82
2 82
2.82
3.23
3.23
3.23
3.22
2.77
2.90
2.89
2.89
2.88
3.17
3.17
3.16
3.16
4.09
4.09
4.07
4.06
T
3.80
3.80
3.78
3.76
3.03
3.02
3.01
3.01
2 83
T
3.21
3.21
3.20
3.20
3.16
3.15
3.14
4.02
4.02
4.02
4.01
1
T
2.89
2.88
2.88
2.88
2.88
2.87
2.87
3.74
3.74
3.73
3.72
3.01
3.01
3.00
3.00
!
2.76
2.88
2.88
2.89
2.88
3.97
3.95
3.98
3.97
2.87
2.86
2.87
2.86
3.70
3.68
3.70
3.69
3.00
3.00
3.01
3.01
2.83
2.82
i
3.19
3.18
3.19
3.19
T
i
2.77
2.76
T
1
2.21
2.21
2.21
2.19
May 1
8
15
22
29
2.48
2.47
2.46
2.46
2.45
2.17
2.14
2.14
2.12
2.10
2.82
2.82
2.82
2.81
2.80
3.18
3.18
3.17
3.16
3.16
2.75
2.75
2.75
2.74
2.74
2.88
2.88
2.88
2.87
2.86
3.14
3.13
3.12
3.95
3.93
3.91
3.91
3.90
2.87
2.86
2.86
2.86
2.86
3.68
3.66
3.65
3.63
3.62
3.01
3.01
3.00
3.00
2.99
June 5
12
19
26
2.45
2.45
2.45
2.45
2.09
2.09
2.07
2.05
2.80
2.80
2.80
2.79
3.15
3.15
3.14
3.14
2.73
2.73
2.72
2.72
2.86
2.85
2.85
2.84
3.12
3.11
3.11
3.11
3.89
3.89
3.89
3.88
2.86
2.85
2.83
2.83
3.61
3.62
3.61
3.61
2.99
2.98
2.98
2.98
2.46
2.45
2.45
2 46
2.46
2.04
2.03
.97
.96
.92
2.78
2.77
2.77
2.77
2.76
3.13
3.12
3.11
3.10
3.10
2.71
2.70
2.69
2.84
2.83
2.82
2.81
2.80
3.10
3.10
3.10
3.09
3.09
3.86
3.84
3.81
3.80
3.80
2.82
2.81
2.80
2.79
3.60
3.59
3.57
3.55
3.55
2.97
2.96
2.95
2.95
2.95
2.46
2.46
2.47
2.47
.91
.91
.91
.91
2.77
2.77
2.76
2.77
3.10
3.10
3.10
3.11
2.80
2.81
2.81
2.82
3.09
3.08
3.08
3.09
3.81
3.81
3.81
3.82
2.79
3.56
3.55
3.55
3.56
2.95
2.95
2.96
2.96
2.48
2.48
2.48
2.48
.93
.92
.92
1.92
T
3.10
3.11
3.11
3.12
i
3.08
3.09
3.10
3.11
3.82
3.82
3.82
3.83
2.80
2.80
2.81
2.83
T
2.69
2.70
2.81
2.82
2.82
2.83
2.96
2.96
2.96
2.97
2 48
2.47
2.48
2.48
2.48
1.92
1.91
1.89
1.86
1.86
3.12
3.12
3.12
3.11
3.11
2.71
2.70
2.70
2.70
2.70
2.83
2.83
2.83
2.83
2.82
3.10
3.10
3.11
3.10
3.10
3.83
3.83
3.82
3.81
3.81
2.83
2.83
2.82
2.82
2.82
Apr. 3
10
17
24
.
July 3
10
17
24
31
Aug 7
14
21
28
. . . .
.
.
SeDt 4
ii:::.:.:::
18
25
Oct
2
9
16
23
30
.
. . . .
i
2.77
2.78
2.79
T
I
T
i
1
3.56
3.55
3.55
2.97
2.96
2.96
2.96
2.96
Nov. 6.,
13.
20.
27.
2.48
2.48
2.49
2.48
.86
1.88
1.90
1.95
2.79
2.79
2.80
2.82
3.11
3.13
3.13
3.13
2.69
2.71
2.71
2.72
2.82
2.84
2.84
2.86
3.10
3.11
3.11
3.12
3.82
3.84
3.84
3.83
2.81
2.84
2.85
2.86
3.55
3.56
3.56
3.56
2.97
2.98
2.98
2.99
Dec. 4.
11.
18.
25.
2.49
2.00
2.02
2.01
2.00
2.83
2.83
2.84
2.83
3.15
3.15
3.14
3.14
2.74
2.74
2.74
2.74
2.88
2.87
2.87
2.86
3.13
3.13
3.13
3.12
3.84
3.84
3.83
3.81
2.87
2.87
2.86
2.85
3.57
3.57
3.57
3.56
3.00
3.00
3.00
3.00
1944__j an . 1.
8.
15.
22.,
29.
.98
1.96
1.94
1.90
1.88
2.83
2.81
2.80
2.80
2.81
3.13
3.12
3.11
3.10
3.11
2.74
2.73
2.71
2.72
2.73
2.84
2.84
2.83
2.83
2.84
3.12
3.12
3.11
3.10
3.11
3.81
3.80
3.78
3.75
3.74
2.84
2.84
2.84
2.82
2.83
3.55
3.54
3.51
3.50
3.49
2.99
2.98
2.98
2.99
2.99
Feb. 5..
12..
19.,
26.,
1.86
1.85
1.85
1.85
T
3.10
2.74
2.73
2.74
2.74
2.84
2.84
2.83
2.83
3.10
3.10
3.11
3.10
3.73
3.72
3.72
3.73
2.83
2.82
2.83
2.83
3.50
3.49
3.49
3.49
2.99
2.98
2.98
2.98
Mar. 4.,
11.
18.,
25.
T
i
T
i
T
1.84
1.84
1.84
1.84
2.81
2.80
2.80
2.79
i
3.10
3.09
2.74
2.74
2.74
2.73
2.83
2.83
2.83
2.82
3.10
3.10
3.10
3.09
3.72
3.71
3.71
3.70
2.84
2.83
2.83
2.83
3.49
3.48
3.48
3.47
2.98
2.97
2.97
2.96
2.79
2.79
2.78
2.78
2.78
3.09
3.09
3.08
3.08
3.08
2.74
2.74
2.74
2.74
2.73
2.83
2.83
2.82
2.82
2.82
3.10
3.09
3.09
3.08
3.09
3.70
3.70
3.68
3.68
3.67
2.84
2.84
2.83
2.83
2.83
3.47
3.47
3.45
3.44
3.44
2.97
i
2.48
2.49
1.83
1.83
1.84
1.86
1.88
1.88
1.87
1.86
1.85
2.78
2.77
2.77
2.77
3.08
3.07
3.06
3.05
2.73
2.73
2.73
2.72
2.82
2.82
2.81
2.81
3.08
3.08
3.07
3.07
3.66
3.65
3.64
3.61
2.83
2.82
2.82
2.80
3.43
3.42
3.41
3.40
2.97
2.96
2.96
June 3.,
10.,
17.,
24.,
1.85
1.86
1.87
1.87
2.76
2.78
2.78
2.79
3.05
3.05
3.05
3.05
2.72
2.73
2.73
2.73
2.81
2.82
2.82
2.81
3.07
3.07
3.07
3.06
3.60
3.60
3.60
3.59
2.80
2.80
2.79
2.78
3.40
3.40
3.40
3.39
2.96
2.97
2.97
2.97
July 1.,
8.,
15.,
22.,
29.,
2.79
2.78
2.78
2.77
2.78
3.04
3.04
3.04
3.03
3.04
2.72
2.72
2.72
2.72
2.72
2.81
2.80
2.80
2.80
2.81
3.06
3.05
2.49
1.86
1.86
1.84
1.82
1.82
3.58
3.57
3.57
3.57
3.56
2.78
2.78
2.78
2.78
2.80
3.39
3.38
3.37
3.37
3.36
2.96
2.96
2.95
2.95
2.94
Aug. 5.,
12.,
19.,
26.,
2.48
2.48
2.48
2.48
1.82
1.81
1.81
1.82
2.78
2.77
2.77
2.77
3.03
3.03
3.03
3.02
2.71
2.72
2.72
2.72
2.80
2.80
2.79
1
T
3.05
3.04
3.04
3.55
3.55
3.55
3.55
2.79
2.80
2.79
2.79
3.35
3.34
3.34
3.34
2.95
2.95
2.95
2.94
Sept. 2.,
9.,
16..
23..
30..
2.48
2.47
2.47
2.48
1.82
1.82
1.83
1.84
1.84
2.76
3.03
i
2.79
2.80
2.79
2.80
2.80
2.79
2.79
3.35
T
3.05
3.06
3.05
3.04
3.04
3.56
T
2.71
2.71
2.71
2.72
2.72
2.94
2.94
2.94
2.94
2.95
i
2.76
2.77
3.03
3.02
3.02
3.03
2.72
2.72
2.72
2.73
2.80
2.80
2.81
2.82
3.03
3.02
3.01
3.01
3.56
3.55
3.54
3.54
2.79
2.79
2.78
2.79
3.35
3.33
3.32
3.31
2.95
2.95
2.97
2.98
2.77
2.77
2.76
2.75
3.03
3.03
3.02
3.01
2.73
2.73
2.73
2.72
2.82
2.81
2.80
2.79
3.01
3.01
3.01
3.00
3.54
3.55
3.54
3.53
2.79
2.79
2.77
2.76
3.30
3.30
3.30
3.28
2.99
2.99
2.99
2.98
2.74
2.74
2.73
2.74
2.73
3.00
2.99
2.99
2.98
2.98
2.71
2.71
2.70
2.70
2.70
2.77
2.76
2.76
2.76
2.76
2.99
2.99
2.98
2.98
2.99
3.51
3.50
3.49
3.48
3.48
2.75
2.75
2.74
2.75
2.74
3.27
3.26
3.25
3.24
3.24
2.97
2.96
2.97
2.96
2.97
Apr. 1.,
8.,
15.
22.,
29.,
May 6.,
13.,
20.
27.,
Oct. 7..
14.,
21.,
28..
2.49
2.48
T
1
r
t
Nov. 4..
11.
18.,
25.,
Dec. 2..
9.,
16..
23.,
30.,
1.84
1.87
1.88
i
i
2.48
2.47
2.47
.88
1.87
.87
1.86
1.86
i
T
T
i
T
i
T
11.
BOND YIELDS, BY TYPE OF SECURITY —Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]
Corporate bonds
Government bonds
Week ending—
United
States
(longterm)
Moody's
State
and
local
(Standard
and
Poor's)
Standard
and
Poor's
AAA
By rating
By group
Total
Aaa
Aa
A
Baa
Industrial
Railroad
Public
utility
6
13
20
27
2.45
2.45
2.44
2.43
1 85
1 83
1.81
1.79
2 67
2.66
2.65
2.65
2.98
2.98
2.97
2.97
2.70
2.70
2.69
2.69
2.76
2.76
2.76
2.76
2.98
2.99
2.97
2.98
3.48
3.47
3.45
3.45
2.74
2.73
2.73
2.72
3.24
3.23
3.22
3.22
2.96
2.97
2.97
2.97
Feb. 3
10
17
24
2.41
2.40
2.39
2.37
1.77
1.76
1 75
1 67
2.64
2.63
2.61
2.61
2.96
2.95
2.94
2.93
2.68
2.66
2.65
2.65
2.75
2.74
2.73
2.72
2.97
2.96
2.94
2.93
3.44
3.42
3.41
5.40
2.72
2.70
2.69
2.68
3.20
3.18
3.16
3.15
2.96
2.95
2.95
2.95
Mar. 3
10
17
24
31
2 38
2.40
2.41
2.40
2.39
1 65
1.64
1.61
1 59
1 60
2.60
2.59
2.59
2.59
2.58
2.92
2.91
2.91
2.91
2.91
2.63
2.62
2.62
2.61
2.60
2.72
2.72
2.72
2.72
2.73
2.93
2.93
2.92
2.91
2.91
3.39
3.38
3.38
3.38
3.38
T
2.68
3.14
3.12
3.12
3.10
3.10
2.94
2.94
2.93
2.94
2.94
Apr. 7
14
21
28
2.39
2.38
2 40
2.39
1 58
1.58
1 58
1 54
2.59
2.59
2.59
2.58
2.91
2.90
2.90
2.90
2.61
2.73
2.73
2.72
2.73
2.91
2.90
2.90
2.90
3.38
3.36
3.36
3.35
2.69
2.69
2.69
2.69
3.10
3.08
3.07
3.06
2.94
2.93
2.94
2.94
May 5
12:::::
19
26
2.39
2.40
2 39
2 38
1 54
1.54
1 59
1 63
2.58
2.59
2 59
2.60
2.89
2.89
|2.89
2.88
2.61
2.62
2.62
1
2.73
2.73
2.72
2.71
2.89
2.88
2.88
2.88
3.33
3.33
3.33
3.32
2.68
2.68
2.69
2.69
3.05
3.05
3.05
3.05
2.94
2.94
2.93
2.92
2 37
2.36
2 36
2 34
2.34
1 61
1.59
1 58
1 57
1.57
2.60
2.60
2.60
2.61
2.62
2.88
2.88
2 87
2.86
2.86
2.62
2.62
2.61
2.61
2.61
2.71
2.70
2.69
2.68
2.69
2.88
2.87
2.87
2.86
2.85
3.31
3.31
3.30
3.29
3.27
2.69
2.69
2.68
2.68
2.68
3.04
3.04
3.03
3.02
3.01
2.91
2.90
2.89
2.88
2.88
2.34
2 34
2 34
2.36
1.57
1 57
1.57
1.58
2.60
2 60
2.60
2.61
2.85
2.85
2.85
2.85
2.60
2.60
2.60
2.60
2.69
2.68
2.68
2.69
2.85
2.84
2.85
2.85
3.27
3.26
3.26
3.27
2.68
2.67
2.68
2.69
3.01
3.00
3.01
3.01
2.88
2.87
2.87
2.86
2.35
2 34
2.36
2 38
1.60
1 64
1.71
1 78
2.61
2.61
2.61
2.63
2.86
2.85
2.86
2.86
2.61
2.60
2.61
2.62
2.68
2.69
2.70
2.70
2.86
2.85
2.84
2.85
3.27
3.26
3.27
3.28
2.69
2.69
2.68
2.69
3.01
3.01
3.02
3.03
2.86
2.86
2.86
2.87
2 37
2.37
2.38
2.37
2 36
1 78
1.77
1.79
1.80
1.81
2.62
2.62
2.61
2.64
2.64
2.86
2.85
2.86
2.86
2.85
2.62
2.62
2.62
2.63
2.62
2.70
2.69
2.70
2.71
2.71
2.85
2.84
2.85
2.86
2.85
3.26
3.25
3.25
3.24
3.24
2.68
2.67
2.67
2.67
2.66
3.03
3.03
3.05
3.06
3.05
2.86
2.85
2.85
2.85
2.85
2 36
2.35
2.34
2.34
1.80
1.78
1.75
1.73
2.63
2.62
2.85
2.84
2.83
2.84
2.61
2.61
2.62
2.62
2.71
2.70
2.69
2.69
2.85
2.84
2.83
2.84
3.23
3.21
3.20
3.20
2.66
2.65
2.65
2.66
3.05
3.04
3.03
3.02
2.85
2.84
2.83
2.83
1945 Jan
June 2
9
16
23
30
,
July 7
14
21
28
. .
Aug. 4
11
18
25
.
Sept 1
8
15
22
29
.
Oct 6
13
20
27
.
. . .
.
. . .
.
. . .
,
•
T
i
Nov. 3.
10.
17.
24.
2.35
2.33
2.33
2.33
1.72
1.71
1.70
1.69
2.62
2.60
1
2.83
2.82
2.82
2.81
2.61
2.62
2.62
2.61
2.69
2.68
2.68
2.67
2.84
2.82
2.81
2.81
3.17
3.16
3.15
3.14
2.65
2.65
2.65
2.64
3.01
3.00
2.99
2.98
2.82
2.82
2.81
2.80
Dec. 1.
8.
15.
22.
29.
2.33
2.32
2.34
2.34
2.32
1.69
1.67
1.64
1.63
1.63
2.60
2.61
2.60
2.59
2.58
2.81
2.81
2.80
2.79
2.79
2.61
2.62
2.62
2.61
2.60
2.68
2.68
2.68
2.68
2.67
2.80
2.80
2.80
2.80
2.79
3.13
3.12
3.11
3.09
3.07
2.64
2.64
2.64
2.64
2.63
2.99
2.98
2.97
2.96
2.95
2.80
2.80
2.80
2.79
2.78
1946—Jan. 5.
12.
19.
26.
2.29
2.23
2.19
2.18
1.62
1.61
1.56
1.53
2.57
2.54
2.52
2.49
2.77
2.75
2.73
2.71
2.58
2.57
2.54
2.52
2.66
2.64
2.61
2.60
2.78
2.76
2.73
2.71
3.05
3.03
3.02
3.00
2.62
2.60
2.57
2.56
2.93
2.91
2.89
2.88
2.76
2.74
2.72
2.69
Feb. 2.
9.
16.
23.
2.17
2.14
2.10
2.10
1.52
1.49
1.48
1.49
2.48
2.48
2.46
2.46
2.69
2.68
2.67
2.67
2.50
2.49
2.48
2.48
2.59
2.57
2.56
2.56
2.70
2.70
2.69
2.69
2.98
2.96
2.94
2.94
2.55
2.54
2.54
2.54
2.86
2.84
2.82
2.82
2.68
2.67
2.65
2.64
Mar. 2.
9.
16.
23.
30.
2.10
2.10
2.09
2.09
2.08
1.49
1.49
1.49
1.49
1.48
2.45
2.45
2.44
2.44
2.44
2.67
2.66
2.66
2.66
2.66
2.48
2.48
2.47
2.47
2.46
2.56
2.54
2.54
2.54
2.53
2.70
2.69
2.69
2.69
2.68
2.94
2.94
2.94
2.95
2.95
2.55
2.54
2.54
2.55
2.54
2.83
2.82
2.81
2.80
2.79
T
20.
27.
2.04
2.03
2.08
2.14
1.44
1.44
1.44
1.49
2.43
2.43
2.43
2.47
2.66
2.65
2.66
2.69
2.46
2.46
2.46
2.48
2.54
2.54
2.55
2.58
2.68
2.67
2.68
2.71
2.94
2.94
2.95
2.98
2.55
2.56
2.56
2.59
2.78
2.77
2.78
2.81
2.67
May 4.
11.
18.
25.
2.18
2.19
2.20
2.19
1.56
1.53
1.54
1.54
2.50
2.49
2.50
2.48
2.70
2.71
2.50
2.51
2.51
2.51
2.58
2.58
2.59
2.58
2.73
2.72
2.73
3.00
3.01
3.02
3.03
2.61
2.61
2.61
2.60
2.83
2.82
2.84
2.84
2.68
2.69
2.70
2.70
June 1.
8.
15.
22.
29.
2.18
2.17
2.15
2.15
2.16
1.55
1.55
1.55
1.55
1.56
2.49
2.47
2.47
2.46
2.47
2.51
2.50
2.49
2.48
2.49
2.58
2.59
2.59
2.59
2.59
T
2.73
2.60
2.60
2.59
2.58
2.59
2.84
2.85
2.85
2.85
2.85
2.70
2.70
2.70
2.69
2.69
July 6.
13.
20.
27.
2.15
2.15
2.20
2.20
1.58
1.59
1.60
1.62
2.47
2.47
2.49
2.49
2.71
2.70
2.71
2.71
2.49
2.48
2.49
2.49
2.59
2.58
2.59
2.59
2.72
2.71
2.72
2.72
3.03
3.04
3.03
i
2.58
2.57
2.58
2.58
2.86
2.85
2.87
2.87
2.69
2.68
2.69
2.69
Aug. 3.
10.
17.
24.
31.
2.23
2.22
2.22
2.23
2.25
1.63
1.64
1.64
1.64
1.67
2.50
2.50
2.51
2.51
2.51
2.72
2.72
2.73
2.73
2.73
2.50
2.50
2.51
2.51
2.51
2.61
2.61
2.62
2.62
2.63
2.74
2.74
2.74
2.74
2.75
3.03
3.03
3.04
3.04
3.03
2.59
2.58
2.59
2.58
2.58
2.88
2.89
2.89
2.90
2.90
2.70
2.70
2.70
2.70
2.71
Sept. 7.
14.
21.
28,
2.27
2.29
2.30
2.28
1.69
1.74
1.76
1.81
2.52
2.55
2.57
2.58
2.75
2.78
2.80
2.82
2.53
2.57
2.59
2.60
2.65
2.68
2.69
2.69
2.76
2.78
2.81
2.82
3.05
3.07
3.11
3.16
2.61
2.63
2.65
2.67
2.92
2.95
2.99
3.03
2.72
2.74
2.75
2.76
Oct. 5
12.
19,
26,
2.27
2.27
2.26
2.26
1.87
1.87
1.85
1.83
2.57
2.59
2.58
2.58
2.82
2.82
2.82
2.82
2.59
2.60
2.60
2.60
2.70
2.71
2.69
2.69
2.82
2.83
2.83
2.84
3.15
3.15
3.15
3.15
2.66
2.66
2.66
2.65
3.04
3.04
3.04
3.05
2.75
2.76
2.77
2.76
Nov. 2,
9,
16,
23,
30
2.24
2.24
2.25
2.26
2.27
1.77
1.77
1.77
1.79
1.87
2.58
2.58
2.57
2.58
2.60
2.83
2.82
2.82
2.83
2.84
2.60
2.59
2.59
2.59
2.60
2.69
2.69
2.69
2.70
2.70
2.85
2.84
2.83
2.84
2.85
3.16
3.15
3.15
3.17
3.19
2.66
2.65
2.65
2.66
2.67
3.06
3.04
3.04
3.05
3.07
2.77
2.77
2.77
2.77
2.77
Dec. 7,
14
21
28
2.27
2.25
2.23
2.22
1.93
1.96
2.00
1.99
2.60
2.61
2.60
2.59
2.84
2.83
2.83
2.82
2.61
2.62
2.61
2.60
2.70
2.70
2.69
2.68
2.85
2.83
2.83
2.82
3.19
3.17
3.17
3.16
2.67
2.67
2.67
2.66
3.07
3.04
3.04
3.03
2.78
2.78
2.77
2.76
Apr
-4
VO
.S:
T
i
T
i
'
11.
BOND YIELDS, BY TYPE OF SECURITY — Continued
B.
WEEKLY, 1941-63 — Continued
[Per cent per annum]
Corporate bonds
Government bonds
State and local
Week ending—
1947 Jan
4..
11
18
25
United
States
(longterm)
2.22
2.22
2.22
2.20
Standard
and
Poor's
1 9ft
.94
.92
.91
Moody's
Moody's
Total
Aaa
Aa
A
Baa
Standard
and
Poor's
AAA
By rating
By group
Total
Aaa
Aa
A
Baa
Industrial
Railroad
Public
utility
2.58
2.56
2.55
2.53
2.81
2.80
2.79
2.78
2.59
2.58
2.57
2.56
2.67
2.66
2.65
2.63
2.81
2.80
2.78
2.78
3.16
3.14
3.14
3.13
2.65
2.64
2.62
2.62
3.03
3.01
3.00
3.00
2.75
2.75
2 73
2.71
2.63
2 64
2.64
2.65
2.78
2 78
2.79
2.80
3.12
3.12
3.12
3.13
2.62
2 62
2.61
2.60
2.99
2 99
3.00
3.01
2.71
2 72
2.72
2.73
Feb. 1
8
15
22
oo
©
2.21
2 20
2.21
2.21
1.95
2.04
2.53
2 53
2.54
2.53
2.77
2 77
2.78
2.78
2.56
2 56
2.55
Mar 1
8
15
22
29
2.21
2 20
2 19
2.19
2.18
2.05
2 02
2 03
2.02
2.00
2.54
2 54
2 54
2 53
2.52
2.79
2 79
2 79
2.79
2.78
I
2.55
2.54
2.65
2 65
2 65
2.65
2.64
2.80
2 80
2 80
2.81
2.80
3.14
3 14
3.15
3.15
3.15
2.61
2 61
2 61
2.61
2.60
3.02
3 02
3 02
3.02
3.02
2.73
2 74
2 74
2 74
2.73
Apr. 5
12
19. . .
26
2.18
2 18
2.20
2.20
1.99
1 99
1 98
1.97
2^51
|
2.53
2.63
2.80
2 81
2.81
2.80
3.16
3.16
3.16
3.16
T
3.03
3 04
3.04
3.03
2.72
2 72
2 71
2.71
May 3
10
17.
24
31
2.20
2.20
2.20
2.19
2.19
1.97
1.95
1 94
1.94
1.95
2.80
2.81
2.82
2.83
2.83
3.15
3.15
3.16
3.18
3.19
3.03
3.03
3.05
3.07
3.08
2.71
2.71
2 71
2.72
June 7
14
21
28
2.20
2 21
2.24
2.24
2.83
2.82
2.82
2.83
3.20
3.22
3.22
3.21
July 5
12 •
19
26
2 25
2.83
2.83
2.82
2.81
3.20
3.18
3.18
3.17
2.61
2.62
2.62
3 09
3.07
3.06
3.05
.91
Q2
T
1
1
2.78
2 79
2.80
2.80
1
1.93
1 93
1 92
1.91
2.51
2.52
2.53
2.53
2.80
2.81
2.81
2.81
2.53
2.55
2.55
2.56
1 Ql
2.56
2.55
1
2.63
2.64
2.63
2.64
T
i
2.60
2.61
T
3.08
3.10
3.10
3.10
T
1
2.72
T
1 91
1.90
1 90
2 53
2.52
2.51
2.52
2 81
2.80
2.80
2.80
i
1 91
1.91
1.93
1 92
|
2.52
2.53
2.51
2.51
2.52
2.79
2.79
2.79
2.79
2.80
2.55
2.56
2.56
1
2.64
2.65
2.81
2.80
2.81
2.81
2.81
3.17
3.16
3.16
3.17
3.18
2.62
2.62
2.62
2.63
2.63
3.04
3.03
3.03
3.03
3.05
2.72
2.73
2.73
2.80
2.82
2.85
2.89
2.57
2.58
2.62
2.64
2.65
2.67
2.69
2.73
2.81
2.83
2.86
2.89
3.18
3.20
3.24
3.28
2.63
2.65
2.68
2.71
3.04
3.06
3.10
3.14
2.73
2.75
2.78
2.81
2.92
2.93
2.95
2.96
2.68
2.69
2.71
2.71
2.76
2.77
2.80
2.80
2.91
2.92
2.95
2.96
3.31
3.33
3.35
3.37
2.73
2.74
2.77
2.77
3.18
3.19
3.22
3.23
2.84
2.85
2.87
2.89
Aug 2
9
16
23...
30
2.25
2.24
2 23
2.23
Sept. 6
13..
20
27
2.23
2 24
2.23
2 24
1.92
2.52
2.54
2.57
2.58
Oct. 4
11
18
25
2.24
2 24
2.26
2.28
1.96
1 98
203
2.04
2.62
2.65
2.69
2.69
t
i
T
1
1
2 73
2.72
T
i
Nov. 1
8
15....
22....
29
2.31
2.34
2.36
2.36
2.37
2.08
2.11
2.14
2.21
2.25
2.69
2.70
2.72
2.76
2.78
2.97
2.98
3.00
3.03
3.06
2.71
2.73
2.75
2.78
2.81
2.81
2.81
2.83
2.87
2.90
2.98
2.99
2.99
3.02
3.05
3.39
3.41
3.43
3.45
3.46
2.78
2.79
2.81
2.85
2.88
3.25
3.27
3.28
3.31
3.33
2.89
2.89
2.91
2.94
2.96
Dec. 6. ...
13....
20
27....
2.37
2.37
2.37
2 41
2.27
2 33
2.35
2 35
2.81
2.84
2.81
2.85
3.09
3.12
3.11
3.13
2.83
2.86
2.84
2.86
2.92
2.94
2.92
2.94
3.10
3.15
3.15
3.18
3.49
3.51
3.51
3.53
2.90
2.92
2.90
2.91
3.36
3.41
3.42
3.45
2.99
3.02
3.01
3.02
1948—Jan. 3
10....
17
24....
31....
2.45
2.46
2.43
2.42
2.45
2.48
2.27
2.27
2.28
2.26
2.30
1.76
1.76
1.76
1.74
1.78
2.01
2.01
2.02
2.00
2.04
2.43
2.44
2.45
2.43
2.47
2.87
2.88
2.89
2.87
2.91
2.84
2.81
2.81
2.80
2.82
3.17
3.13
3.12
3.12
3.13
2.90
2.85
2.85
2.85
2.86
2.98
2.95
2.95
2.94
2.94
3.22
3.18
3.17
3.17
3.17
3.56
3.53
3.51
3.52
3.53
2.95
2.91
2.90
2.90
2.91
3.48
3.45
3.43
3.44
3.43
3.06
3.03
3.03
3.02
3.03
2.54
2.55
2.56
2.55
2.38
2.40
2.43
2.45
1.84
1.85
1.89
1.92
2.12
2.14
2.19
2.21
2.55
2.57
2.60
2.62
3.00
3.02
3.04
3.05
2.83
2.82
2.81
2.81
3.13
3.13
3.12
3.10
2.87
2.86
2.85
2.83
2.94
2.94
2.93
2.91
3.18
3.18
3.17
3.15
3.53
3.54
3.54
3.52
2.92
2.91
2.90
2.89
3.44
3.44
3.44
3.42
3.04
3.03
3.03
3.01
2.57
2.55
2.52
2.50
2.46
2.45
2.44
2.43
1.96
1.96
1.96
1.96
2.21
2.20
2.19
2.17
2.62
2.60
2.58
2.55
3.05
3.03
3.02
3.02
2.81
2.80
2.81
2.80
3.11
3.10
3.10
3.10
2.83
2.83
2.84
2.83
2.91
2.90
2.91
2.90
3.14
3.13
3.13
3.13
3.53
3.53
3.53
3.54
2.89
2.89
2.89
2.89
3.42
3.41
3.41
3.40
3.01
3.00
3.01
3.01
2.48
2.43
2.39
2.36
2.41
2.38
2.38
2.33
1.95
1.93
1.93
1.90
2.14
2.10
2.08
2.02
2.55
2.54
2.54
2.52
3.00
2.95
2.95
2.88
2.79
2.78
2.77
2.77
3.09
3.06
3.05
3.05
2.81
2.79
2.78
2.78
2.89
2.87
2.87
2.87
3.12
3.10
3.08
3.07
3.52
3.49
3.47
3.46
2.88
2.86
2.85
2.84
3.38
3.35
3.34
3.34
2.99
2.98
2.97
2.96
T
Feb. 7
14
21....
28
Mar. 6....
13
20....
27
Apr. 3....
10
17
24
2.45
2.44
T
May 1
8
15....
22
29....
2.44
2.43
2.40
2.39
2.33
2.32
2.32
2.30
2.28
2.32
2.32
2.30
2.28
2.28
1.90
1.90
1.88
1.86
1.85
1.99
1.99
1.96
1.95
1.95
2.52
2.52
2.50
2.48
2.47
2.88
2.87
2.85
2.84
2.84
2.76
2.76
2.75
2.75
2.74
3.04
3.04
3.03
3.01
3.00
2.78
2.77
2.77
2.76
2.75
2.87
2.87
2.86
2.85
2.85
3.07
3.07
3.06
3.05
3.04
3.44
3.42
3.40
3.36
3.34
2.84
2.84
2.83
2.81
2.81
3.32
3.31
3.29
3.26
3.24
2.96
2.96
2.96
2.95
2.95
June 5....
12....
19....
26
2.39
2.40
2.41
2.43
2.24
2.22
2.26
2.29
2.25
2.21
2.21
2.23
1.83
1.79
1.79
1.82
1.92
1.87
1.88
1.90
2.42
2.40
2.40
2.43
2.83
2.77
2.77
2.78
2.74
2.73
2.72
2.76
2.99
2.99
2.99
3.00
2.75
2.74
2.75
2.77
2.84
2.84
2.85
2.86
3.03
3.03
3.03
3.03
3.34
3.34
3.34
3.34
2.80
2.79
2.79
2.81
3.23
3.23
3.23
3.23
2.94
2.94
2.96
2.97
July 3....
10....
17....
24....
31
2.44
2.44
2.44
2.44
2.44
2.31
2.32
2.33
2.33
2.35
2.24
2.25
2.26
2.27
2.28
1.82
1.83
1.85
1.85
1.86
1.92
1.92
1.93
1.94
1.94
2.44
2.45
2.47
2.49
2.50
2.79
2.80
2.80
2.80
2.81
2.77
2.77
2.78
2.79
2.80
3.01
3.03
3.03
3.05
3.05
2.79
2.80
2.80
2.82
2.82
2.88
2.89
2.88
2.90
2.90
3.05
3.06
3.06
3.08
3.08
3.35
3.35
3.36
3.38
3.39
2.83
2.83
2.82
2.84
2.85
3.24
3.25
3.26
3.27
3.27
2.98
3.00
3.00
3.03
3.03
Aug. 7
14....
21....
28....
2.45
2.40
2.45
2.46
2.47
2.31
2.33
2.35
2.36
1.89
1.90
1.91
1.91
1.97
2.00
2.03
2.05
2.52
2.55
2.57
2.58
2.84
2.85
2.88
2.90
2.83
2.84
2.85
2.84
3.07
3.09
3.10
3.10
2.83
2.85
2.85
2.84
2.93
2.95
2.94
2.94
3.11
3.12
3.14
3.15
3.41
3.43
3.45
3.45
2.87
2.89
2.90
2.88
3.29
3.31
3.33
3.33
3.05
3.07
3.07
3.07
Sept. 4....
11....
18
25...,
2.47
2.46
2.47
2.46
2.37
2.37
2.39
2.40
1.92
1.92
1.93
2.05
2.06
2.08
2.08
2.58
2.58
2.61
2.61
2.91
2.92
2.95
2.96
2.82
2.83
2.84
3.09
3.09
3.09
3.09
2.84
2.84
2.84
2.84
2.93
2.94
2.94
2.94
3.14
3.13
3.14
3.13
3.44
3.45
3.46
3.46
2.88
2.88
2.88
2.89
3.32
3.32
3.32
3.32
3.07
3.07
3.08
3.07
Oct. 2
9....
16....
23
30....
2.46
2.46
2.44
2.43
2.45
2.40
2.40
2.40
2.39
2.39
1.93
1.92
2.08
2.08
2.08
2.07
2.05
2.62
2.62
2.62
2.62
2.62
2.96
2.96
2.96
2.95
2.95
2.84
2.85
3.09
3.10
3.10
3.11
3.13
2.83
2.84
2.83
2.84
2.86
2.93
2.93
2.94
2.94
2.95
3.13
3.14
3.14
3.15
3.17
3.47
3.48
3.49
3.50
3.52
2.89
2.89
2.89
2.90
2.92
3.32
3.34
3.35
3.35
3.36
3.06
3.06
3.06
3.07
3.09
T
T
T
Nov. 6...,
13...,
20....
27...,
2.45
2.43
2.44
2.48
2.44
2.39
2.37
2.40
2.36
2.27
2.26
.94
.91
.81
.79
2.06
1.99
1.89
1.88
2.64
2.61
2.54
2.52
2.97
2.93
2.85
2.83
2.86
2.85
2.84
2.82
3.14
3.13
3.12
3.10
2.87
2.86
2.83
2.81
2.95
2.95
2.92
2.90
3.19
3.18
3.17
3.17
3.53
3.53
3.54
3.53
2.92
2.92
2.89
2.87
3.37
3.38
3.37
3.36
3.11
3.10
3.09
3.08
Dec. 4...,
11...,
18...,
25...,
2.44
2.44
2.44
2.43
2.34
2.29
2.25
2.23
2.26
2.24
2.24
2.20
.79
1.77
.76
1.73
1.87
1.86
1.86
1.85
2.52
2.51
2.49
2.45
2.84
2.83
2.83
2.77
2.81
2.80
2.80
2.78
3.11
3.10
3.10
3.08
2.81
2.80
2.80
2.78
2.90
2.89
2.89
2.87
3.17
3.17
3.17
3.15
3.54
3.55
3.54
3.53
2.86
2.86
2.86
2.85
3.37
3.37
3.36
3.35
3.08
3.08
3.08
3.06
11.
BOND YIELDS, BY TYPE OF SECURITY —Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]
Government bonds
Corporate bonds
State and local
Week ending—
United
States
(longterm)
Moody's
Moody's
Standard
and
Poor's
AAA
Standard
and
Poor's
Total
Aaa
Aa
A
Baa
2.43
2.42
2.42
2.41
2.41
2.21
2.15
2.15
2.16
2.15
2.16
2.14
2.11
2.10
2.10
1.68
1.66
1.64
1.63
1.64
1.84
1.83
1.80
1.81
1.82
2.38
2.37
2.33
2.31
2.30
2.72
2.70
2.66
2.64
2.63
2.77
2.74
2.71
2.69
2.69
2.41
2.40
2.38
2.20
2.22
2.24
2.24
2.14
2.18
2.19
2.19
1.67
1.70
1.72
1.71
1.85
1.90
1.91
1.91
2.36
2.40
2.42
2.43
2.67
2.70
2.72
2.72
Mar. 5
12
19
26
2.23
2.22
2.19
2.19
2.19
2.17
2.17
2.18
1.72
1.69
1.68
1.68
1.91
1.88
1.88
1.88
2.41
2.39
2.39
2.41
Apr. 2
9
16
23
30
2.21
2.22
2.20
2.19
2.18
2.19
2.18
2.18
2.17
2.14
1.68
1.66
1.66
1.64
1.61
1.90
1.89
1.89
1.89
1.87
May 7
14
21
28
2.16
2.16
2.22
2.25
2.12
2.13
2.16
2.21
1.59
1.60
1.63
1.69
1949—Jan. i
8
15
22
29
Feb. 5
12 .
19
26
f
By rating
Aaa
Aa
A
Baa
Industrial
Railroad
Public
utility
3.07
3.05
3.02
3.01
3.00
2.76
2.74
2.71
2.70
2.70
2.85
2.83
2.81
2.80
2.80
3.14
3.12
3.09
3.06
3.05
3.51
3.49
3.47
3.46
3.43
2.83
2.82
2.80
2.78
2.79
3.33
3.31
3.28
3.24
3.22
3.03
3.01
3.00
2.99
2.99
2.70
2.70
2 71
2.70
3.00
3.00
3.01
3.01
2.71
2.81
2.80
2.81
2.80
3.05
3.06
3.06
3.05
3.44
3.44
3.46
3.46
T
3.22
3.23
3 25
3.25
2.99
2.99
2.99
2.98
2.73
2.72
2.71
2.73
2.70
2.70
2.70
2.69
3.01
3.01
3.00
2.80
2.80
2.79
T
3.47
3.47
3.46
3.46
2.4*
2.78
3.26
3.26
3.26
3.27
2.98
2.97
2.97
2.96
2.44
2.44
2.43
2.43
2.40
2.74
2.74
2.72
2.71
2.68
2.69
2.70
2.69
2 68
2.68
3.46
3.47
3.46
3.45
2.77
2.78
T
3.27
2.96
2.96
2.96
2.96
2.95
1.85
1.87
1.91
1.96
2.39
2.40
2.42
2.46
2.66
2.66
2.68
2.73
2.68
2.68
2.69
2.69
3.00
2.99
2.99
2.70
2.71
2.71
3.26
3.26
3.26
3.26
2.95
2.S5
2.95
2.94
2/7,
2.70
i
3.05
3.04
3.05
3.05
3.05
T
I
1
2.78
2.78
4
t
3.05
3.04
3.03
3.03
3.46
3.46
3.47
3.48
1
1
3.03
3.04
3.05
3.04
2.78
2.79
2.78
3.27
3.28
3.29
3.30
2.94
2.94
2.93
2.93
2.78
2.77
2.76
2.74
2.73
3.04
3.04
3.03
3.02
3.01
3.48
3.47
3.46
3.44
3.44
2.78
2.77
2.75
2.74
2.73
3.31
3.31
3.30
3.28
3.26
2.92
2.90
2.90
2.89
2.88
2.64
2.62
2.61
2.61
2.73
2.71
2.70
2.70
3.00
2.97
2.96
2.95
3.44
3.40
3.39
3.38
2.73
2.70
2.69
2.68
3.25
3.21
3.20
3.19
2.88
2.86
2.86
2.86
2.91
2.91
2.90
2.90
2.61
2.60
2.61
2.60
2.70
2.69
2.69
2.69
2.95
2.95
2.95
2.94
3.38
3.38
3.36
3.37
2.68
2.67
2.68
2.68
3.20
3.20
3.19
3.19
2.85
2.85
2.84
2.84
2.90
2.91
2.90
2.90
2.90
2.61
2.69
2.70
2.70
2.70
2.70
T
3.37
3.36
3.36
3.36
3.35
2.68
2.68
2.68
2.69
2.69
3.20
2.84
2.83
2.83
2.83
2.82
2.39
2.38
2.38
2.38
2.26
2.27
2.29
2.29
2.22
2.23
2.24
2.24
1.70
1.71
1.73
1.72
1.97
1.98
1.99
2.00
2.47
2.49
2.50
2.49
2.73
2.73
2.73
2.73
2.68
2.69
2 69
2.70
3.00
3.00
3.00
3.00
2.72
2.71
2.71
2.71
July 2
9
16
23
30
2.34
2.27
2.26
2.26
2.27
2.29
2.27
2.26
2.26
2.25
2.21
2.19
2.17
2.16
2.15
1.70
1.68
1.66
1.65
1.64
1.97
1.95
1.95
1.93
1.92
2.46
2.42
2.41
2.39
2.39
2.70
2.69
2.66
2.65
2.63
2.68
2.67
2.65
2.64
2.64
3.00
2.99
2.98
2.97
2.96
2.70
2.69
2.67
2.65
2.64
AUK.
6
13
20
27
2.27
2.23
2.23
2.24
2.25
2.20
2.17
2.17
2.16
2.15
2.14
2.14
1.65
1.63
1.62
1.63
1.94
1.93
1.92
1.93
2.41
2.38
2.37
2.64
2.64
2.63
2.62
2.64
2.61
2.60
2.59
2.95
2.92
2.92
2.91
Sept. 3
10
17
24
2.23
2.22
2.23
2.22
2.19
2.19
2.22
2.23
2.14
2.15
2.15
2.16
1.63
1.64
1.64
1.64
1.93
1.93
1.94
1.95
2.37
2.62
2.64
2.64
2.67
2.59
2.58
2.58
2.58
Oct. 1
8
15
22
29
2.23
2.22
2.22
2.22
2.22
2.24
2.24
2.20
2.21
2.19
2.16
2.16
2.15
2.15
2.13
1.65
1.65
1.65
1.65
1,64
1.96
1.96
1.96
1.95
1.93
2.36
2.35
2.35
2.35
2.35
2.67
2.66
2.64
2.63
2.61
2.58
2.59
2.59
2.59
2.59
T
T
2.79
2.80
T
11
18
25
By group
Total
1
Nov. 5
12
19....
26
2.21
2.20
2.18
2.19
2 .19
2.19
2.16
2.14
2.12
2.11
2.10
2.09
.63
1.63
1.62
1.62
: .91
.89
.88
.87
2.35
2.33
2.31
2.31
2.60
2.59
2.57
2.56
2.59
2.57
2.57
2.57
2.90
2.90
2.89
2.89
I
2.61
2.60
2.59
2.70
2.69
2.68
2.68
2.94
2.93
2.93
2.93
3.36
3.36
3.35
3.35
2.69
2.68
2.67
2.66
i
3.20
3.21
2.82
2.81
2.81
2.80
Dec. 3....
10
17....
24
31....
2.20
2.19
2.19
2.18
2.18
2.15
2.14
2.14
2.12
2.12
2.09
2.09
2.08
2.07
2.05
1.62
1.62
1.61
1.60
1.60
.87
.87
.87
.86
.85
2.31
2.32
2.30
2.28
2.26
2.55
2.55
2.53
2.52
2.50
2.57
2.56
2.56
2.55
2.55
2.89
2.88
2.87
2.85
2.85
2.60
2.59
2.59
2.58
2.57
2.67
2.67
2.67
2.66
2.66
2.93
2.91
2.89
2.88
2.87
3.35
3.34
3.31
3.29
3.27
2.66
2.67
2.66
2.65
2.64
3.20
3.18
3.15
3.12
3.11
2.80
2.80
2.79
2.79
2.79
1950—Jan. 7....
14
21....
28....
2.18
2.18
2.21
2.22
2.12
2.06
2.06
2.07
2.04
2.03
2.02
1.60
1.60
1.61
T
T
.83
.82
.82
.82
2.25
2.23
2.21
2.21
2.48
2.46
2.44
2.44
2.54
2.54
2.55
2.55
2.84
2.83
2.82
2.83
2.57.
2.57
2.57
2.58
2.65
2.65
2.65
2.65
2.86
2.85
2.85
2.85
3.25
3.24
3.23
3.23
2.64
2.63
2.62
2.63
3.08
3.06
3.06
3.07
2.79
2.79
2.78
2.79
Feb. 4....
11
18....
25
2.23
2.23
2.24
2.25
2.07
2.06
2.06
2.05
2.20
2.43
2.43
2.42
2.42
2.55
2.55
2.55
2.54
I
T
2.66
2.66
2.65
2.65
2.85
2.86
2.86
2.85
3.23
3.24
2.63
2.63
2.63
2.64
3.08
3.08
3.09
3.08
2.79
2.78
i
1.61
1.82
.82
.83
.84
Mar. 4
11
18
25
2.25
2.26
2.27
2.28
2.07
2.42
2.42
2.40
2.39
2.55
2.55
2.55
2.54
2.58
2.59
2.59
2.65
2.65
2.65
2.66
2.85
2.86
T
T
i
2.83
2.84
Apr. 1
8
15
22
29....
2.28
2.29
2.30
2.30
2.30
2.07
2.09
2.09
2.08
^::::
20....
27....
2.30
2.30
2.31
2.31
2.07
2.07
2.07
2.07
T
June 3....
10
17
24....
2.31
2.32
2.32
2.34
2.07
2.08
2.08
2.09
2.04
2.05
2.05
2.05
1.65
1.66
1.66
1.67
July 1
8
15
22
29....
T
2.12
2.12
2.12
2.12
2.00
2.05
2.06
2.10
2.10
1.88
1.67
1.68
1.71
1.71
1.55
I
26....
2.34
2.32
1.92
1.92
1.92
1.88
1.86
1.85
1.85
1.84
Sept. 2
9....
16....
23....
30....
2.33
2.35
2.37
2.37
2.37
1.87
1.88
1.88
1.88
1.88
T
Oct. 7....
14....
21....
28....
2.37
2.38
2.39
2.38
1.87
1.83
1.80
1.79
Nov. 4....
11....
18....
25....
2.39
2.38
2.37
2.37
Dec. 2....
9
16.;.:
23....
30...,
2.38
2.39
2.39
2.38
2.39
May
Au8
ii::::
19
1.62
T
i
2.02
2.01
i
2.02
2.02
2.02
2.03
2.04
T
i
T
.84
1.84
1.84
1.84
i
i
2.64
2.65
2.79
2.79
2.79
2.79
2.80
3.24
3.24
3.25
3.26
2.64
2.64
2.65
2.65
3.10
3.11
3.12
3.12
2.80
2.81
i
2.69
2.89
2.89
2.89
2.89
3.26
3.26
3.27
3.28
2.65
2.66
2.66
2.65
3.13
3.13
3.14
3.15
2.81
2.63
2.65
2.66
2.66
2.65
2.70
2.72
2.73
2.73
2.71
2.90
2.92
2.92
2.93
2.91
3.32
3.33
3.33
3.33
3.28
2.67
2.68
2.68
2.70
2.70
3.18
3.21
3.22
3.21
3.14
2.82
2.83
2.84
2.84
2.83
2.87
2.85
2.85
2.84
2.62
2.61
2.61
2.61
2.69
2.68
2.67
2.67
2.90
2.88
2.87
2.87
3.27
3.24
3.23
3.23
2.68
2.67
2.66
2.66
3.11
3.09
3.08
3.07
2.81
2.80
2.80
2.80
2.20
2.57
2.59
2.59
2.61
2.63
2.84
2.85
2.85
2.88
2.88
2.61
2.62
2.64
2.67
2.66
2.67
2.68
2.70
2.72
2.72
2.87
2.87
2.88
2.89
2.90
3.22
3.21
3.20
3.22
3.22
2.65
2.66
2.67
2.70
3.07
3.06
3.06
3.07
3.08
2.81
2.82
2.84
2.85
2.85
2.19
2.14
2.14
2.14
2.63
2.63
2.63
2.64
2.87
2.87
2.88
2.89
2.66
2.66
2.67
2.68
2.71
2.71
2.72
2.73
2.90
2.90
2.91
2.92
3.22
3.22
3.22
3.23
3.08
3.08
3.09
3.10
2.84
2.84
2.85
2.86
1.92
1.93
1.92
1.92
2.15
2.15
2.15
2.15
2.65
2.65
2.64
2.63
2.89
2.88
2.88
2.88
2.68
2.67
2.66
2.66
2.73
2.72
2.71
2.71
2.92
2.92
2.92
2.91
3.23
3.22
3.21
3.21
3.09
3.09
3.07
3.07
2.87
2.86
2.86
2.86
1.93
1.93
1.93
1.91
1.90
2.15
2.16
2.17
2.17
2.17
2.63
2.64
2.64
2.63
2.63
2.88
2.89
2.88
2.88
2.87
2.67
2.68
2.67
2.67
2.66
2.72
2.72
2.73
2.72
2.71
2.91
2.92
2.92
2.91
2.90
3.21
3.22
3.21
3.20
3.19
3.08
3.09
3.08
3.07
3.05
2.87
2.87
2.87
2.86
2.86
2.21
2.22
2.38
2.38
2.39
2.40
2.41
2.55
2.55
2.55
2.55
2.57
2.84
2.84
2.83
2.84
2.85
2.59
2.59
2.59
2.60
2.60
2.66
2.66
2.66
2.66
2.67
1.88
2.23
T
T
T
2.85
2.85
2.86
2.86
2.60
2.61
2.61
2.62
2.68
2.68
2.69
1
2.58
2.57
2.57
2.58
i
2.23
2.24
2.41
2.42
2.42
2.42
2.58
2.59
2.59
2.59
2.86
2.87
2.87
2.87
1.88
1.89
1.94
1.94
1.71
2.24
2.25
2.29
2.29
2.02
2.42
2.41
2.46
2.46
2.25
2.59
2.61
2.61
2.62
2.62
1.54
1.52
1.52
1.52
1.68
1.66
1.66
1.66
1.99
T
2.24
2.21
2.21
2.20
1.51
1.51
1.50
1.49
1.49
1.65
1.67
1.66
1.67
1.67
1.99
2.00
2.01
2.01
1
T
1.84
1.79
1.78
1.77
1.48
1.43
1.43
1.43
1.66
1.61
1.60
1.58
2.01
1.96
1.94
1.92
1.79
1.79
1.79
1.79
1.77
1.77
1.77
1.77
1.42
1.42
1.42
1.42
1.58
1.58
1.58
1.58
1.80
1.81
1.81
1.74
1.72
1.78
1.78
1.79
1.77
1.76
1.44
1.43
1.43
1.42
1.39
1.60
1.60
1.62
1.59
1.58
i
i
i
2.78
2.79
1
i
2.20
1.65
1.65
1.65
1.65
i
3.24
3.23
T
3.08
3.07
3.07
3.09
1.86
1.86
1.86
1.88
1.89
1.62
1.63
1.64
1.64
T
T
•
i
2.86
2.87
3.23
3.23
3.22
3.22
3.24
T
2.87
2.87
2.88
2.88
2.62
2.62
2.62
2.61
2.89
2.91
2.91
2.91
2.89
2.60
2.59
2.58
2.57
T
2.70
T
11.
BOND YIELDS, BY TYPE OF SECURITY — Continued
B.
WEEKLY, 1941-63 — Continued
[Per cent per annum]
Government bonds
Corporate bonds
State and local
Week ending—
1951 j
6 ..
13
20
27
United
States
(longterm)
Standard
and
Poor's
Moody's
Moody's
Total
Aaa
Aa
A
Baa
Standard
and
Poor's
AAA
By rating
By group
Total
Aaa
Aa
A
Baa
2.86
2.86
2.86
2.85
2.66
2.66
2.66
2.65
2.71
2.90
2.89
2.89
2.88
3.19
3.18
3.17
3.17
2.66
2.66
2.65
2.66
2.71
2.72
2.88
2.88
2.87
2.88
3.16
3.16
3.16
3.16
Industrial
Railroad
Public
utility
2.69
3.05
3.04
3.03
3.02
2.85
2.85
2.85
2.85
2.69
2.70
3.02
3.01
3.01
3.01
2.86
2.86
2.86
2.87
2.40
2.39
2.38
2.38
1.69
1.63
1.60
1.59
J-71
.67
1.60
1.59
1.35
1.32
1.29
1.28
1.50
1.46
1.38
1.37
1.86
1.80
1.73
1.72
2.11
2.10
1.98
1.99
Feb. 3
10
17
24
2.39
2.39
2.40
2.40
1.59
1.59
1.59
1.61
1.60
1.60
1.60
1.61
1.29
1.30
1.31
1.31
1.37
1.38
1.39
1.39
1.73
1.73
1.73
1.74
1.99
1.99
1.99
1.99
2.62
2.85
2.85
2.85
2.86
Mar 3
10
17
24
31
2.40
2.44
2.49
2.50
2.51
1.65
1.76
1.87
1.89
1.94
L.62
1.77
1.84
1.86
1.31
1.44
1.49
1.49
1.52
1.42
1.58
1.64
1.65
1.68
1.75
1.88
1.96
1.96
2.00
2.01
2.17
2.22
2.22
2.25
2.64
2.67
2.73
2.75
2.78
2.88
2.91
2.95
2.98
3.01
2.69
2.73
2.78
2.80
2.83
2.74
2.78
2.82
2.84
2.87
2.90
2.95
2.99
3.02
3.05
3.17
3.20
3.23
3.25
3.27
2.72
2.77
2.80
2.82
2.85
3.02
3.05
3.09
3.13
3.16
2.89
2.92
2.96
2.98
3.01
Apr 7
14
21
28
2.51
2.54
2.60
2.60
2.01
2.02
2.09
2.08
1.90
1.91
2.01
2.03
1.56
1.56
1.66
1.66
1.73
1.75
1.84
1.84
2.03
2.04
2.19
2.20
2.28
2.29
2.42
2.42
2.82
2.82
2.83
2.85
3.04
3.05
3.07
3.09
2.87
2.87
2.87
2.89
2.91
2.91
2.94
2.95
3.09
3.10
3.12
3.14
3.30
3.31
3.35
3.39
2.88
2.89
2.89
2.90
3.21
3.21
3.24
3.28
3.04
3.05
3.08
3.10
2.61
2.63
2.64
2.63
2.06
2.07
2.07
2.12
2.03
2.01
2.01
2.05
1.67
1.64
1.64
1.65
1.83
1.80
1.81
1.86
2.19
2.20
2.20
2.27
2.42
2.40
2.40
2.40
2.84
2.84
2.85
2.86
3.08
3.08
3.09
3.10
2.88
2.88
2.89
2.89
2.93
2.93
2.93
2.93
3.13
3.13
3.14
3.16
3.38
3.39
3.40
3.41
2.89
2.89
2.90
2.91
3.27
3.27
3.28
3.28
3.09
3.09
3.09
3.11
June 2
9
16 . .
23
30
2.63
2.64
2.64
2.65
2.66
2.12
2.19
2.20
2.23
2.26
2.06
2.20
2.20
2.23
2.29
1.65
1.75
1.75
1.77
1.83
1.87
2.01
1.99
2.01
2.09
2.27
2.41
2.42
2.46
2.49
2.45
2.62
2.62
2.68
2.74
2.87
2.86
2.88
2.92
2.95
3.10
3.11
3.14
3.18
3.21
2.89
2.90
2.92
2.96
2.99
2.94
2.94
2.96
3.02
3.05
3.16
3.16
3.19
3.22
3.26
3.42
3.44
3.47
3.50
3.54
2.91
2.92
2.95
2.98
3.00
3.29
3.29
3.32
3.35
3.37
3.11
3.11
3.14
3.20
3.26
July 7
14
21
28 . .
2.65
2.63
2.62
2.62
2.25
2.23
2.13
2.11
2.30
2.29
2.24
2.08
1.83
1.81
1.77
1.70
2.11
2.11
2.06
1.88
2.50
2.48
2.43
2.26
2.74
2.74
2.69
2.49
2.95
2.93
2.91
2.91
3.21
3.19
3.16
3.15
2.97
2.95
2.93
2.92
3.04
3.00
2.98
2.96
3.26
3.25
3.22
3.21
3.55
3.55
3.52
3.52
3.00
2.98
2.96
2.95
3.37
3.37
3.36
3.35
3.25
3.23
3.17
3.16
Aue 4 . . .
11.::::::::
18
25
2.62
2.59
2.56
2.55
2.06
2.05
2.03
2.02
2.07
2.04
2.02
2.02
1.66
1.66
1.65
1.65
1.88
1.86
1.86
1.85
2.26
2.24
2.20
2.20
2.47
2.40
2.36
2.36
2.92
2.89
2.87
2.83
3.15
3.14
3.12
3.11
2.91
2.89
2.87
2.86
2.96
2.94
2.92
2.91
3.20
3.19
3.17
3.17
3.52
3.52
3.51
3.50
2.94
2.93
2.92
2.91
3.34
3.33
3.30
3.30
3.15
3.15
3.13
3.12
Sept 1
8
15
22
29
2.55
2.54
2.55
2.55
2.58
2.02
2.02
2.02
2.06
2.08
2.00
1.99
2.00
2.01
2.03
1.64
1.63
1.64
1.65
1.67
J .83
.81
L.82
1.82
.84
2.20
2.18
2.20
2.22
2.23
2.33
2.33
2.34
2.35
2.36
2.84
2.82
2.82
2.82
2.81
3.10
3.09
3.08
3.08
3.08
2.85
2.84
2.84
2.83
2.83
2.91
2.89
2.88
2 88
2.89
3.16
3.15
3.14
3.15
3.15
3.49
3.48
3.45
3.45
3.45
2.90
2.89
2.89
2.88
2.89
3.30
3.28
3.26
3.26
3.27
3.11
3.09
3.09
3.09
3.10
Oct. 6
13. . .
20
27
2.60
2 60
2.62
2.62
2.09
2 09
2.09
2.06
2.06
2 07
2.09
2.09
1.68
1.68
1.69
1.69
1.86
t.88
1.87
L87
2.29
2.30
2.31
2.31
2.39
2.42
2.47
2.47
2.85
2.84
2.88
2.90
3.10
3.11
3.12
3.14
2.86
2.87
2.88
2.92
2.90
2.90
2.92
2.97
3.16
3.17
3.17
3.20
3.47
3.48
3.51
3.53
2.91
2.92
2.94
2.96
3.27
3.29
3.29
3.34
3.11
3.11
3.14
3.17
a n
Mav 5
19
26
...
.81
2.62
T
T
T
Nov. 3
10
17
24
2.62
2.63
2.65
2.69
2.06
2.06
2.05
2.06
2.09
2.08
2.06
2.07
1.69
1.68
1.68
1.69
1.87
1.86
1.84
1.84
2.31
2.30
2.27
2.28
2.47
2.47
2.46
2.46
2.95
2.97
2,95
2.99
3.18
3.19
3.19
3.21
2.95
2.96
2.96
2.97
3 00
3.00
3 01
3.03
3 23
3^24
3 24
3.27
3.54
3.54
3.55
3.57
2.97
2.97
2 97
2!98
3 39
3.40
3 41
3.44
3.19
3.20
3.20
3.21
Dec. 1
8
15
2.68
2.69
2.67
2.70
2.74
2.09
2.09
2.09
2.10
2.13
2.09
2.09
2.09
2.12
2.17
1.69
1.70
1.69
1.73
1.77
1.85
1.86
1.86
1.89
1.94
2.32
2.32
2.32
2.32
2.36
2.48
2.49
2.49
2.53
2.59
3.01
2.99
3.00
3.00
3.05
3.22
3.24
3.25
3.25
3.26
2.97
2.99
3.00
3.01
3.03
3 04
3 05
3 06
3 06
3.07
3.29
3.30
3.31
3 30
3.31
3.58
3.60
3.61
3 63
3.63
2.98
2.99
2.99
3 00
3.01
3 46
3.47
3 50
3.51
3.52
3.23
3.25
3.25
3.24
3.25
1952—Jan. 5....
12
19
26
2.74
2.75
2.75
2.73
2.13
2.12
2.10
2.09
2.18
2.17
2.11
2.12
1.77
1.75
1.73
1.73
1.96
1.94
1.89
1.90
2.38
2.34
2.28
2.28
2.62
2.63
2.55
2.56
3.03
2.99
2.96
2.93
3.27
3.26
3.24
3.23
3.03
3.01
2.99
2.97
3 08
3 08
3 06
3.04
3.34
3J3
3 32
3^31
3.63
3.61
3 60
3^58
3.02
3!o2
3 53
3.51
3.49
3.46
3.27
3.26
3.24
3.22
Feb. 2
9
16
23....
2.71
2.71
2.71
2.70
2.08
2.04
2.04
2,04
2.12
2.11
2.11
2.11
1.73
1.73
1.73
1.72
1.90
1.90
1.90
1.90
2.27
2.26
2.25
2.24
2.56
2.56
2.56
2.56
2.91
2.89
2.89
2.91
3.20
3.18
3.17
3.18
2.95
2.93
2.91
2.93
3.01
3.00
3 00
3.02
3 29
3.26
3 24
3.24
3.55
3.54
3 52
3.'52
2.97
2.97
2 97
2.'97
3.43
3.39
3 37
3.37
3.20
3.18
3.18
3.19
Mar. 1....
8
15....
22....
29....
2.70
2.71
2.71
2.70
2.68
2.04
2.07
2.08
2.07
2.07
2.09
2.10
2.10
2.09
2.09
1.71
1.72
1.72
1.72
1.72
1.89
1.87
1.88
1.87
1.87
2.23
2.25
2.25
2.23
2.22
2.54
2.54
2.54
2.53
2.54
2.93
2.94
2.97
2.94
2.94
3.18
3.19
3.19
3.19
3.18
2.95
2.96
2.97
2.97
2.96
3.02
3.02
3.03
3.03
3.02
3.24
3.25
3 25
3 23
3.23
3 53
3.52
3.52
3 50
3.51
2.98
2.99
2.99
2 99
2.98
3.38
3.37
3.36
3.36
3.36
3.20
3.22
3.22
3.21
3.21
^•il::::
2.68
2.69
2.63
2.60
2.03
2.00
2.00
2.00
2.07
2.05
2.02
2.03
1.70
1.70
1.65
1.65
1.85
1.84
1.82
1.82
2.17
2.15
2.13
2.14
2.54
2.50
2.48
2.49
2.94
2.92
2.93
2.92
3.17
3.17
3.16
3.16
2.95
2.94
2.93
2.93
3 02
3.02
3.01
3.00
3.22
3 21
3 21
3.19
3.50
3^49
3 50
3.51
2.98
2^98
2 98
2.97
3 34
3.33
3.32
3.31
3.20
3.19
2.58
2.56
2.56
2.58
2.60
2.00
2.02
2.05
2.06
2.07
2.03
2.03
2.05
2.06
2.11
1.65
1.66
1.66
1.67
1.72
1.81
1.81
1.82
1.83
1.87
2.15
2.15
2.17
2.18
2.22
2.49
2.50
2.54
2.56
2.59
2.91
2.92
2.92
2.91
2.93
3.16
3.16
3.15
3.16
3.16
2.92
2.93
2.92
2.93
2.93
3 00
3.19
3.20
2.97
2.97
2.97
2 97
2.*98
T
3.01
3.50
3.50
3.48
3 49
3^49
2.62
2.61
2.61
2.62
2.08
2.10
2.11
2.12
2.11
2.14
2.14
2.15
1.72
1.73
1.73
1.74
.90
.94
.94
1.94
2.23
2.25
2.25
2.26
2.60
2.62
2.64
2.65
2.93
2.93
2.93 •
2.93
3.16
3.16
3.17
3.17
2.93
2.93
2.94
2.93
3 02
3.02
3 03
3.03
3.20
i
3.50
3.50
3 51
3^50
2.98
2.98
2 99
2!98
3.31
3.32
3 33
3.33
2.62
2.61
2.59
2.60
2.12
2.12
2.12
2.13
2.16
2.16
2.17
2.18
1.75
1.75
1.76
1.76
1.94
1.95
1.95
1.98
2.28
2.28
2.30
2.30
2.67
2.67
2.67
2.68
2.92
2.93
2.95
2.94
3.17
3.17
3.17
3.18
2.94
2.95
2.95
2.95
3.03
3.03
3.04
3.05
3.19
3 19
3 19
3.20
3.50
3.50
3 50
3.50
2.98
2.98
2 99
2.99
3.33
3.32
3.33
3.34
2.63
2.69
2.72
2.69
2.70
2.13
2.14
2.21
2.25
2.28
2.18
2.18
2.22
2.25
2.26
1.76
1.76
1.78
1.78
1.78
1.98
1.98
2.02
2.05
2.06
2.31
2.31
2.35
2.42
2.44
2.68
2.68
2.73
2.74
2.77
2.94
2.94
2.95
2.96
2.94
T
2.94
2.95
2.94
2.95
2.95
3.05
3.05
3.06
3.06
3.06
3.20
3.20
3 20
3 21
. 3.22
3.51
3.52
3 51
3 51
3.51
2.99
3.00
3.00
3 01
3.01
3.34
3.34
3.34
3.34
3.35
Sept. 6
13...,
20...,
27....
2.67
2.68
2.71
2.75
2.28
2.31
2.34
2.37
2.28
2.31
2.40
2.40
1.81
1.83
2.00
2.00
2.09
2.09
2.18
2.18
2.44
2.50
2.54
2.54
2.77
2.81
2.89
2.89
2.93
2.95
2.95
2.99
1
3.18
3.19
3.20
2.94
2.94
2.95
2.97
3.06
3 06
3 07
3.07
3.21
3 22
3 22
3.22
3.52
3.52
3 53
3.54
3.01
3.01
3.02
3.02
3.35
3.35
3.36
3.37
3.21
Oct. 4...
11...,
18...,
25....
2.78
2.76
2.75
2.73
2.39
2.42
2.43
2.43
2.43
2.45
2.45
2.45
2.00
1.99
2.00
2.00
2.19
2.19
2.20
2.20
2.58
2.63
2.63
2.62
2.95
2.98
2.98
2.98
3.00
3.01
3.04
3.03
3.21
3.21
3.22
3.23
2.99
3.01
3.02
3.02
3.08
3.08
3 09
3.09
3.23
3.23
3 25
3.26
3.53
3.54
3^54
3.55
3.03
3.05
3*05
3.07
3.38
3.38
3.39
3.40
3.21
3.22
3.22
3.23
Nov. 1....
8....
15....
22....
29....
2.71
2.69
2.71
2.71
2.71
2.41
2.39
2.40
2.40
2.40
2.41
2.41
2.41
2.41
2.42
1.96
1.98
t.98
L.97
1.97
2.16
2.18
2.18
2.18
2.18
2.59
2.59
2.59
2.59
2.60
2.92
2.89
2.90
2.90
2.91
3.01
3.00
2.99
2.98
2.96
3.22
3.22
3.21
3.20
3.19
3.01
3.00
2.98
2.98
2.97
3.08
3.07
3 06
3 06
3.05
3 25
3.25
3.24
3 23
3.23
3.55
3.54
3.54
3 53
3.52
3.07
3.06
3.05
3 05
3!05
3.39
3.38
3.37
3.37
3.35
3.22
3.21
3.19
3.19
3.18
Dec. 6....
13....
20....
27
2.72
2.72
2.76
2.79
2.39
2.39
2.40
2.41
2.42
2.44
2.44
2.45
1.97
1.96
1.96
1.96
2.62
2.66
2.67
2.67
2.91
2.92
2.92
2.93
2.96
2.97
2.98
3.00
3.18
3.19
3.19
3.19
2.97
2.96
2.98
2.98
3.04
3.04
3 05
3.06
3 22
3.22
3 22
3.23
3 51
3.51
3.50
3.50
3.04
3.04
3 03
3^04
3.34
3.33
3 34
3.35
3.18
3.19
3.20
3.20
i:::: i
19
26....
May 3....
10....
17
24....
31...,
June 7....
14...,
21...,
28....
Ju
M::::
19...
26...
Aug. 2....
9....
16...
23....
30...,
1
2.19
2.21
• 2.22
>.24
3.01
3.00
3 01
T
3 01
2.99
T
i
3.19
3.20
11.
BOND YIELDS, BY TYPE OF SECURITY —Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]
Government bonds
Corporate bonds
State and local
Week ending—
United
States
(longterm)
Moody's
Standard
and
Poor's
AAA
Moody's
Standard
and
Poor's
Total
Aaa
Aa
By rating
By group
Total
Baa
Baa
Aa
Industrial
Railroad
Public
utility
1953_jan. 3,
10,
17
24,
31
2.80
2.79
2.80
2.80
2.80
2.42
2.43
2.47
2.48
2.50
2.46
2.47
2.51
2.54
2.56
1.96
1.98
2.02
2.06
2.07
2.25
2.26
2.29
2.31
2.33
2.67
2.68
2.72
2.74
2.76
2.94
2.96
3.00
3.05
3.06
2.99
3.00
3.04
3.03
3.04
3.20
3.20
3.21
3.23
3.24
2.99
2.99
3.01
3.04
3.05
3.06
3.07
3.08
3.11
3.12
3.23
3.23
3.24
3.26
3.27
3.50
3.51
3.51
3.52
3.52
3.04
3.05
3.05
3.09
3.10
3.34
3.35
3.36
3.37
3.38
3.20
3.21
3.22
3.24
3.25
Feb. 7,
14
21
28
2.81
2.81
2.82
2.88
2.51
2.51
2.55
2.60
2.59
2.61
2.65
2.74
2.09
2.11
2.13
2.21
2.36
2.40
2.40
2.46
2.80
2.83
2.90
2.98
3.09
3.10
3.18
3.29
3.04
3.06
3.07
3.08
3.24
3.26
3.27
3.28
3.05
3.06
3.08
3.09
3.13
3.14
3.15
3.15
3.28
3.30
3.31
3.33
3.51
3.53
3.54
3.54
3.10
3.11
3.12
3.12
3.37
3.38
3.39
3.41
3.26
3.28
3.30
3.30
Mar. 7
14
21
28
2.87
2.87
2.88
2.94
2.61
2.61
2.61
2.61
2.75
2.75
2.76
2.22
2.20
T
2.48
2.49
2.49
2.49
3.00
3.00
3.00
3.00
3.30
3.32
3.35
3.35
3.09
3.09
3.10
3.12
3.29
3.29
3.30
3.33
3.11
3.10
3.12
3.14
3.16
3.16
3.18
3.21
3.34
3.35
3.36
3.37
3.55
3.56
3.56
3.58
3.14
3.15
3.16
3.18
3.42
3.43
3.44
3.44
3.31
3.31
3.33
3.36
Apr.4
18
25
2.91
2.91
2.97
3.00
2.63
2.61
2.61
2.62
2.76
2.20
2.49
2.50
2.50
2.50
3.00
2.99
3.00
2.99
3.35
3.36
3.35
3.35
3.15
3.16
3.20
3.22
3.35
3.37
3.40
3.43
3.18
3.19
3.22
3.25
3.24
3.25
3.29
3.33
3.39
3.41
3.44
3.46
3.60
3.61
3.64
3.67
3.21
3.23
3.26
3.28
3.46
3.47
3.50
3.54
3.38
3.39
3.43
3.47
May 2
9
16
23
30
3.05
3.10
3.10
3.11
3.15
2.66
2.70
2.72
2.74
2.77
2.78
2.81
2.84
2.85
2.89
2.22
2.27
2.29
2.32
2.38
2.51
2.53
2.57
2.59
2.64
3.01
3.05
3.06
3.08
3.09
3.36
3.40
3.42
3.42
3.43
3.29
3.32
3.34
3.31
3.34
3.46
3.51
3.53
3.54
3.55
3.28
3.33
3.35
3.35
3.35
3.36
3.40
3.41
3.42
3.43
3.50
3.54
3.58
3.59
3.62
3.72
3.76
3.77
3.78
3.80
3.33
3.37
3.38
3.39
3.41
3.57
3.61
3.63
3.63
3.66
3.50
3.55
3.57
3.59
3.59
June 6
13
20
27
3.19
3.14
3.13
3.09
2.89
2.92
3.01
3.14
3.00
3.09
3.18
3.20
2.51
2.61
2.71
2.73
2.73
2.83
2.91
2.96
3.25
3.29
3.34
3.32
3.49
3.64
3.76
3.79
3.38
3.39
3.41
3.38
3.58
3.61
3.63
3.62
3.39
3.41
3.42
3.41
3.45
3.50
3.52
3.51
3.65
3.68
3.68
3.68
3.82
3.85
3.88
3.89
3.45
3.48
3.50
3.49
3.68
3.73
3.75
3.75
3.60
3.62
3.63
3.63
July 4
11
18
25
3.04
3.03
3.02
3.01
3.07
3.02
2.99
2.95
3.17
3.03
2.98
2.99
2.71
2.56
2.51
2.52
2.95
2.79
2.74
2.75
3.28
3.16
3.13
3.14
3.74
3.60
3.55
3.55
3.33
3.28
3.26
3.25
3.59
3.57
3.54
3.53
3.36
3.31
3.28
3.26
3.46
3.43
3.41
3.41
3.66
3.64
3.62
3.59
3.88
3.87
3.86
3.86
3.45
3.43
3.42
3.41
3.72
3.70
3.67
3.64
3.60
3.57
3.54
3.54
Aug. 1
8
29
3.03
3.01
3.02
3.01
3.02
2.93
2.91
2.89
2.86
2.88
2.99
2.98
2.99
2.98
2.97
2.52
2.50
2.48
2.46
2.46
2.75
2.73
2.71
2.69
2.67
3.14
3.14
3.16
3.16
3.16
3.56
3.56
3.61
3.61
3.60
3.22
3.21
3.21
3.22
3.25
3.52
3.50
3.50
3.51
3.52
3.24
3.22
3.22
3.24
3.26
3.38
3.38
3.38
3.39
3.40
3.58
3.57
3.56
3.55
3.56
3.85
3.84
3.84
3.85
3.87
3.39
3.37
3.36
3.37
3.38
3.62
3.61
3.61
3.61
3.63
3.53
3.53
3.54
3.55
3.56
Sept. 5
12
19
26
3.04
3.03
3.01
2.93
2.89
2.91
2.92
2.86
2.99
3.00
3.01
2.97
2.48
2.48
2.51
2.47
2.68
2.68
2.70
2.66
3.18
3.19
3.20
3.16
3.61
3.63
3.63
3.59
3.27
3.28
3.29
3.25
3.54
3.55
3.55
3.54
3.29
3.30
3.31
3.30
3.42
3.43
3.45
3.44
3.57
3.57
3.57
3.56
3.87
3.88
3.89
3.88
3.39
3.40
3.41
3.40
3.64
3.65
3.66
3.66
3.58
3.59
3.60
3.58
Oct. 3
10
17
24
31
2.87
2.83
2.84
2.83
2.82
2.84
2.78
2.72
2.70
2.66
2.94
2.91
2.80
2.78
2.70
2.45
2.41
2.32
2.29
2.19
2.63
2.59
2.47
2.45
2.37
3.12
3.08
2.97
2.93
2.83
3.57
3.54
3.48
3.46
3.40
3.20
3.19
3.16
3.14
3.11
3.52
3.48
3.45
3.43
3.40
3.24
3.19
3.16
3.14
3.12
3.41
3.37
3.34
3.32
3.28
3.53
3.51
3.48
3.46
3.43
3.87
3.85
3.82
3.81
3.79
3.38
3.36
3.34
3.31
3.29
3.62
3.59
3.56
3.54
3.52
3.54
3.49
3.56
3.44
3.41
15
22
T
Nov. 7
14....
21
28....
2.83
2.86
2.86
2.88
2.64
2.62
2.61
2.60
2.68
2.62
2.64
2.63
2 .18
2.12
2.14
2.14
2.36
2.29
2.30
2.29
2.81
2.75
2.78
2.78
3.36
3.30
3.32
3.32
3.07
3.07
3.09
3.10
3.38
3.37
3.39
3.39
3.09
3.10
3.13
3.13
3.25
3.25
3.27
3.28
3.40
3.39
S.40
3.40
3.78
3.75
3.75
3.75
3.26
3.26
3.28
3.27
3.50
3.50
3.51
3.52
3.38
3.37
3.38
3.38
Dec. 5....
12....
19
26....
2.85
2.79
2.78
2.78
2.60
2.59
2.59
2.60
2.66
2.67
2.67
2.67
2.17
2.18
2.17
2.18
2.31
2.31
2.31
2.32
2.81
2.83
2.83
2.83
3.35
3.35
3.35
3.33
3.11
3.09
3.08
3.09
3.39
3.39
3.38
3.39
3.14
3.13
3.12
3.12
3.29
3.28
3.27
3.28
3.41
3.40
3.40
3.40
3.74
3.73
3.73
3.73
3.27
3.27
3.27
3.28
3.53
3.52
3.52
3.52
3.38
3.37
3.36
3.36
1954—Jan. 2....
9
16....
23
30....
2.74
2.74
2.72
2.67
2.64
2.58
2.56
2.52
2.47
2.43
2.67
2.66
2.64
2.61
2.56
2.19
2.16
2.14
2.11
2.07
2.32
2.32
2.29
2.27
2.23
2.84
2.83
2.81
2.79
2.74
3.32
3.32
3.30
3.26
3.20
3.08
3.06
3.04
3.01
2.99
3.39
3.37
3.35
3.33
3.30
3.12
3.09
3.08
3.06
3.03
3.27
3.26
3.24
3.21
3.18
3.40
3.38
3.37
3.34
3.31
3.74
3.74
3.72
3.70
3.67
3.28
3.27
3.25
3.22
3.18
3.51
3.50
3.49
3.46
3.43
3.36
3.34
3.32
3.30
3.28
Feb. 6
13
20....
27....
2.64
2.61
2.62
2.58
2.42
2.39
2.39
2.37
2.55
2.54
2.54
2.51
2.06
2.06
2.06
2.04
2.21
2.21
2.20
2.20
2.73
2.70
2.70
2.65
3.20
3.20
3.20
3.16
2.95
2.90
2.91
2.88
3.27
3.23
3.22
3.21
2.99
2.94
2.93
2.92
3.16
3.12
3.11
3.10
3.29
3.26
3.24
3.23
3.65
3.62
3.60
3.58
3.16
3.13
3.11
3.10
3.40
3.34
3.34
3.33
3.27
3.23
3.22
3.20
Mar. 6....
13
20....
27
2.55
2.54
2.52
2.52
2.36
2.36
2.36
2.40
2.50
2.48
2.48
2.51
2.03
2.02
2.04
2.06
2.18
2.16
2.17
2.19
2.63
2.61
2.61
2.66
3.16
3.14
3.10
3.12
2.85
2.82
2.81
2.82
3.18
3.15
3.13
3.12
2.89
2.86
2.85
3.20
3.16
3.15
T
3.07
3.04
3.02
3.00
3.56
3.53
3.50
3.47
3.07
3.05
3.04
3.03
3.31
3.26
3.23
3.20
3.17
3.14
3.13
3.13
Apr. 3
10....
17....
24
2.51
2.48
2.49
2.48
2.44
2.46
2.47
2.48
2.54
2.55
2.57
2.57
2.10
2.12
2.16
2.16
2.22
2.23
2.27
2.27
2.68
2.67
3.16
3.16
3.18
3.18
2.81
2.81
2.80
2.81
3.12
3.12
3.11
3.12
i
2.85
3.00
3.00
2.99
3.00
3.47
3.47
3.46
3.47
3.04
3.04
3.04
3.04
3.19
3.19
3.18
3.19
3.13
3.12
3.12
3.12
M a y 1....
8
15....
22
29....
2.47
2.49
2.53
2.56
2.58
2.48
2.47
2.47
2.50
2.53
2.58
2.58
2.58
2.59
2.59
2.17
2.17
2.17
2.18
2.18
2.29
2.29
2.29
2.29
2.29
2.83
2.83
2.83
2.85
2.86
3.13
3.13
3.12
3.13
3.14
2.87
2.87
2.87
2.87
2.89
3.01
3.02
3.01
3.03
3.04
1
i
2.67
3.19
3.19
3.19
3.20
3.22
3.15
3.14
3.15
3.16
3.47
3.47
3.47
3.47
3.48
3.05
3.05
3.05
3.05
3.08
3.20
3.20
3.20
3.21
3.21
3.13
3.13
3.12
3.13
3.14
June 5....
12....
19....
26
2.59
2.57
2.54
2.52
2.54
2.54
2.52
2.42
2.61
2.61
2.60
2.52
2.20
2.21
2.18
2.10
2.30
2.30
2.30
2.24
2.69
2.68
2.66
2.60
3.24
3.25
3.25
3.14
2.89
2.88
2.87
2.86
3.16
3.16
3.15
3.15
2.91
2.91
2.90
2.90
3.07
3.06
3.05
3.05
3.17
3.17
3.18
3.17
3.49
3.50
3.49
3.49
3.10
3.10
3.10
3.09
3.23
3.24
3.23
3.15
3.15
3.14
3.14
July 3....
10....
17....
24....
31
2.52
2.49
2.46
2.46
2.46
2.38
2.35
2.35
2.29
2.26
2.46
2.43
2.39
2.34
2.32
2.04
2.03
.99
.92
.92
2.19
2.15
2.13
2.04
2.04
2.52
2.49
2.46
2.42
2.39
3.09
3.05
2.99
2.96
2.93
2.87
2.87
2.85
2.85
2.83
3.16
3.16
3.16
3.15
3.15
2.90
2.90
2.89
2.88
2.88
3.05
3.05
3.05
3.04
3.04
3.18
3.18
3.18
3.18
3.17
3.49
3.50
3.50
3.50
3.50
3.10
3.10
3.10
3.09
3.09
2.45
2.48
2.49
2.50
2.24
2.23
2.23
2.23
2.30
2.31
2.30
2.30
.90
.90
.90
.90
2.00
2.00
2.00
2.00
2.38
2.38
2.37
2.37
2.93
2.94
2.94
2.94
2.83
2.83
2.83
2.84
3.14
3.14
3.13
3.13
2.87
2.87
2.86
2.87
3.03
3.02
3.02
3.03
3.16
3.16
3.14
3.13
3.50
3.49
3.49
3.47
3.08
3.08
3.06
3.06
2.51
2.52
2.52
2.53
2.24
2.26
2.31
2.33
2.31
2.32
2.35
2.37
.90
.91
.93
.96
2.01
2.02
2.04
2.06
2.38
2.40
2.43
2.44
2.94
2.95
2.99
3.01
2.84
2.85
2.85
2.84
3.13
3.13
3.13
3.14
2.88
2.89
2.89
2.89
3.03
3.04
3.04
3.05
3.13
3.13
3.13
3.14
3.47
3.47
3.47
.3.48
3.06
3.06
3.07
3.07
i
3.21
3.22
3.12
3.12
3.13
3.13
Oct. 2...
9...
16...
23...
30...
2.53
2.52
2.52
2.55
2.56
2.33
2.34
.2.32
2.30
2.30
2.38
2.38
2.37
2.36
2.35
.97
1.97
1.97
1.97
1.96
t
2.46
2.46
2.45
2.43
2.39
3.01
3.01
3.01
2.98
2.98
2.84
2.84
2.85
2.84
2.85
3.14
3.14
3.13
3.13
3.12
2.89
2.88
2.88
2.87
2.87
3.05
3.05
3.04
3.14
3.14
3.14
3.14
3.13
3.48
3.48
3.47
3.46
3.45
3.06
3.06
3.06
3.05
3.05
3.23
3.23
3.22
3.22
3.22
3.12
3.12
3.12
3.11
3.10
Nov. 6. ..
13...
20...
27...
2.56
2.57
2.57
2.58
2.30
2.28
2.28
2.28
2.34
2.34
2.34
2.34
1.95
1.95
1.95
1.96
2.06
2.04
2.05
2.39
2.39
2.39
2.40
2.96
2.96
2.96
2.96
2.86
2.85
2.86
2.85
3.13
3.13
3.13
3.12
2.88
2.89
2.89
2.88
i
3.04
3.03
3.14
3.14
3.13
3.13
3.46
3.45
3.06
3.06
3.05
3.06
3.22
3.23
3.22
3.22
3.11
3.11
3.11
3.10
Dec. 4...
11...
18...
25...,
2.58
2.57
2.59
2.60
2.29
2.31
2.34
2.35
2.35
2.36
2.42
2.43
1.96
1.98
2.03
2.03
2.05
2.07
2.13
2.14
2.41
2.41
2.51
2.53
2.96
2.97
2.99
3.00
2.86
2.86
2.88
2.89
3.13
3.13
3.13
3.14
2.89
2.89
2.90
2.91
3.04
3.03
3.04
3.05
3.13
3.13
3.14
3.14
3.06
3.06
3.06
3.07
3.22
3.22
3.23
3.24
3.10
3.10
3.10
3.11
AU8
-J::::
21...,
28....
Sept. 4...,
11...
18...,
25...,
1
T
T
T
T
i
3.45
T
i
3.23
3.22
3.22
3.21
T
3.14
3.14
3.14
3.13
3.13
3.12
3.12
3.11
3.12
11.
BOND YIELDS, BY TYPE OF SECURITY — Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]
Corporate bonds
Government bonds
Moody's
State and local
Week ending—
United
States
(longterm)
Moody's
Standard
and
Poor's
Total
Aaa
Aa
Baa
Standard
and
Poor's
AAA
By rating
By group
Total
Aaa
Baa
Aa
Industrial
Railroad
Public
utility
1955—Jan. 1,
8,
15,
22,
29,
2.60
2.64
2.67
2.68
2.70
2.35
2.36
2.40
2.40
2.41
2.44
2.45
2.47
2.49
2.51
2.04
2.06
2.09
2.11
2.11
2.15
2.18
2.23
2.24
2.28
2.53
2.54
2.54
2.55
2.58
3.02
3.02
3.03
3.05
3.06
2.89
2.88
2.88
2.91
2.91
3.14
3.14
3.14
3.15
3.16
2.92
2.91
2.92
2.93
2.94
3.05
3.05
3.05
3.07
3.07
3.15
3.15
3.15
3.16
3.16
3.44
3.45
3.45
3.46
3.46
3.07
3.07
3.08
3.08
3.09
3.24
3.24
3.24
3.25
3.26
3.11
3.10
3.11
3.12
3.12
Feb. 5
12,
19
26
2.73
2.75
2.78
2.82
2.43
2.41
2.41
2.43
2.50
2.50
2.49
2.49
2.10
2.11
2.10
2.10
2.25
2.58
2.57
2.56
2.56
3.05
3.05
3.04
3.04
2.94
2.94
2.97
2.97
3.17
3.17
3.19
3.20
2.97
2.97
2.99
3.02
3.09
3.09
3.11
3.12
3.16
3.16
3.17
3.17
3.46
3.47
3.47
3.48
3.11
3.11
3.12
3.14
3.28
3.27
3.29
3.30
3.14
3.13
3.15
3.16
Mar. 5
12
19
26
2.80
2.78
2.76
2.76
2.46
2.45
2.45
2.44
2.49
2.49
2.49
2.50
2.09
2.09
2.10
2.08
2.25
2.26
2.56
2.56
2.56
2.57
3.06
3.07
3.07
3.08
2.98
2.98
2.98
2.97
3.21
3.21
3.21
3.20
3.03
3.04
3.03
3.01
3.13
3.13
3.14
3.13
3.18
3.19
3.19
3.19
3.48
3.49
3.49
3.48
3.15
3.15
3.15
3.14
3.30
3.31
3.31
3.30
3.17
3.17
3.17
3.17
Apr. 2
9
2.80
2.82
2.82
2.82
2.82
2.44
2.44
2.43
2.42
2.41
T
2.26
2.26
2.26
2.26
2.25
T
2.97
2.97
2.99
2.99
2.99
3.20
3.20
3.20
3.20
3.21
T
2.50
2.08
2.09
2.08
2.08
2.08
T
16
23
30
3.01
3.13
3.13
3.12
3.13
3.14
3.18
3.18
3.19
3.19
3.19
3.48
3.48
3.48
3.48
3.49
3.14
3.14
3.14
3.14
3.15
3.30
3.30
3.30
3.30
3.31
3.16
3.16
3.17
3.17
3.17
May 7
14
21
28
2.82
2.81
2.80
2.80
2.41
2.41
2.40
2.42
2.49
2.49
2.47
2.47
2.08
2.07
2.05
2.05
2.25
2.25
2.22
2.22
3.08
3.06
3.06
3.00
3.02
3.02
3.03
3.21
3.23
3.02
3.04
3.04
3.05
3.14
3.15
3.15
3.15
3.20
3.21
3.22
3.23
3.49
3.50
3.49
3.50
3.16
3.16
3.17
3.17
3.31
3.32
3.32
3.33
3.18
3.20
3.20
3.20
June 4
11
18
25
2.79
2.80
2.81
2.83
2.45
2.45
2.46
2.48
2.47
2.47
2.48
2.49
2.06
2.07
2.08
2.09
2.21
2.21
2.22
2.22
3.06
3.06
3.07
3.10
3.03
3.03
3.03
3.04
3.05
3.04
3.05
I
3.15
3.15
3.14
3.23
3.22
3.22
3.23
3.50
3.50
3.51
3.51
3.17
3.17
3.17
3.18
3.32
3.31
3.31
3.31
3.21
3.20
3.21
3.21
July 2
9
16
23
30
2.86
2.86
2.88
2.92
2.96
2.55
2.60
2.62
2.62
2.64
2.53
2.58
2.62
2.63
2.64
2.14
2.19
2.23
2.24
2.27
2.26
2.32
2.37
2.38
2.38
2.62
2.67
2.70
2.71
2.71
3.11
3.14
3.17
3.17
3.18
3.02
3.04
3.02
3.04
3.06
3.23
3.24
3.24
3.24
3.25
3.14
3.15
3.51
3.51
3.52
3.52
3.53
3.17
3.17
3.18
3.18
3.20
3.31
3.32
3.31
3.32
3.33
3.22
3.22
3.21
3.21
3.22
Aus.6
2.97
2.94
2.94
2.95
2.66
2.66
2.66
2.69
2.67
2.69
2.70
2.71
2.29
2.34
2.34
2.34
2.42
2.42
2.43
2.44
2.76
2.79
2.79
2.82
3.21
3.21
3.22
3.23
3.07
3.10
3.11
3.12
3.27
3.28
3.29
3.30
3.07
3.09
3.10
3.12
3.12
3.23
3.23
3.23
3.23
3.25
3.17
3.18
3.20
3.21
3.25
3.27
3.28
3.30
3.55
3.56
3.57
3.58
3.22
3.23
3.26
3.26
3.34
3.36
3.36
3.37
3.23
3.24
3.26
3.28
2.95
2.92
2.93
2.92
2.69
2.68
2.64
2.60
2.71
2.72
2.71
2.68
2.34
2.34
2.32
2.27
2.44
2.46
2.44
2.43
2.83
2.83
2.83
2.78
3.23
3.25
3.25
3.25
3.12
3.12
3.12
3.13
3.31
3.32
3.31
3.31
3.13
3.14
3.13
3.13
3.22
3.23
3.22
3.22
3.31
3.31
3.31
3.32
3.58
3.59
3.59
3.58
3.27
3.27
3.25
3.25
3.38
3.40
3.40
3.40
3.29
3.29
3.29
3.29
2.90
2.88
2.86
2.86
2.86
2.58
2.57
2.56
2.56
2.54
2.66
2.66
2.64
2.62
2.63
2.27
2.27
2.25
2.24
2.24
2.39
2.37
2.36
2.34
2.35
2.75
2.75
2.74
2.71
2.70
3.23
3.23
3.22
3.20
3.23
3.11
3.09
3.08
3.09
3.09
3.31
3.30
3.30
3.30
3.30
3.12
3.12
3.11
3.10
3.10
3.21
3.20
3.19
3.19
3.19
3.31
3.29
3.29
3.31
3.31
3.59
3.59
3.59
3.59
3.58
3.24
3.24
3.24
3.23
3.23
3.39
3.38
3.38
3.39
3.39
3.29
3.27
3.27
3.28
3.28
20
27
Sept. 3
10
17
24
Oct. 1
8
15
22
29
T
2.57
2.56
2.55
T
T
T
3.i>5
Nov. 5
12
19
26
2.84
2.87
2.89
2.91
2.52
2.51
2.52
2.56
2.59
2.59
2.59
2.61
2.19
2.19
2.19
2.21
2.30
2.30
2.30
2.33
2.68
2.68
2.68
2.70
3.19
3.19
3.19
3.20
3.08
3.07
3.07
3.08
3.30
3.28
3.28
3.30
3.10
3.08
3.08
3.11
3.19
3.18
3.18
3.19
3.31
3.29
3.28
3.30
3.59
3.58
3.58
3.59
3.23
3.21
3.21
3.22
3.38
3.38
3.37
3.38
3.28
3.27
3.27
3.29
Dec. 3
10
17
24
31
2.91
2.90
2.91
2.91
2.92
2.63
2.68
2.72
2.72
2.72
2.67
2.68
2.71
2.73
2.73
2.27
2.28
2.30
2.30
2.30
2.41
2.43
2.47
2.50
2.50
2.75
2.76
2.83
2.85
2.85
3.24
3.25
3.25
3.25
3.26
3.11
3.12
3.18
3.19
3.16
3.31
3.32
3.34
3.35
3.34
3.12
3.13
3.17
3.17
3.16
3.20
3.20
3.23
3.24
3.23
3.30
3.32
3.34
3.34
3.34
3.59
3.61
3.62
3.63
3.63
3.23
3.24
3.26
3.27
3.27
3.39
3.41
3.43
3.43
3.43
3.29
3.30
3.32
3.32
3.32
1956—Jan. 7
14
21
28
2.92
2.90
2.87
2.87
2.71
2.65
2.61
2.59
2.72
2.69
2.68
2.67
2.29
2.27
2.27
2.27
2.48
2.46
2.45
2.45
2.83
2.79
2.76
2.74
3.26
3.25
3.22
3.22
3.15
3.11
3.08
3.07
3.33
3.32
3.30
3.29
3.14
3.13
3.11
3.09
3.22
3.21
3.19
3.18
3.33
3.32
3.30
3.28
3.62
3.61
3.60
3.59
3.25
3.24
3.23
3.21
3.43
3.43
3.40
3.39
3.31
3.29
3.27
3.26
Feb. 4
11
18
25
2.85
2.85
2.84
2.87
2.59
2.56
2.55
2.58
2.66
2.64
2.62
2.62
2.24
2.18
2.17
2.17
2.44
2.40
2.38
2.37
2.75
2.74
2.72
2.72 •
3.22
3.22
3.20
3.20
3.06
3.08
3.06
3.06
3.28
3.28
3.27
3.27
3.09
3.08
3.07
3.07
3.17
3.17
3.16
3.15
3.28
3.28
3.28
3.27
3.59
3.58
3.58
3.58
3.20
3.20
3.20
3.19
3.39
3.37
3.37
3.37
3.26
3.26
3.26
3.24
Mar. 3
10
17
24
31
2.87
2.89
2.92
2.95
2.98
2.60
2.63
2.66
2.68
2.77
2.62
2.63
2.67
2.70
2.75
2.18
2.18
2.25
2.27
2.33
2.38
2.39
2.41
2.47
2.53
2.72
2.73
2.77
2.80
2.84
3.20
3.20
3.23
3.26
3.29
3.07
3.07
3.09
3.14
3.15
3.27
3.27
3.29
3.31
3.33
3.07
3.08
3.10
3.12
3.14
3.16
3.16
3.17
3.20
3.22
3.27
3.27
3.28
3.31
3.33
3.58
3.58
3.59
3.60
3.62
3.20
3.21
3.23
3.27
3.30
3.37
3.36
3.37
3.38
3.39
3.25
3.25
3.26
3.28
3.30
Apr. 7
14
21
28
3.04
3.07
3.10
3.09
2.81
2.85
2.90
2.96
2.78
2.80
2.85
2.91
2.38
2.38
2.43
2.51
2.54
2.58
2.64
2.69
2.85
2.88
2.94
2.99
3.33
3.35
3.40
3.44
3.19
3.21
3.26
3.28
3.35
3.39
3.43
3.46
3.16
3.21
3.27
3.30
3.25
3.28
3.32
3.35
3.36
3.38
3.43
3.46
3.64
3.67
3.70
3.72
3.33
3.36
3.41
3.40
3.42
3.45
3.49
3.52
3.32
3.34
3.39
3.45
3.03
3.00
2.96
2.87
2.86
2.83
2.91
2.86
2.83
2.80
2.51
2.48
2.44
2.44
2.70
2.64
2.61
2.61
2.99
2.92
2.89
2.83
3.44
3.40
3.37
3.33
3.28
3.26
3.27
3.28
3.46
3.45
3.45
3.46
3.30
3.27
3.27
3.27
3.34
3.33
3.34
3.35
3.46
3.46
3.47
3.47
3.72
3.72
3.73
3.73
3.39
3.39
3.40
3.40
3.54
3.52
3.53
3.54
3.44
June 2
9
16
23
30
2.92
2.92
2.91
2.92
2.95
2.78
2.76
2.73
2.74
2.76
2.77
2.74
2.70
2.70
2.72
2.42
2.38
2.33
2.32
2.34
2.56
2.54
2.50
2.51
2.52
2.79
2.74
2.72
2.72
2.76
3.31
3.28
3.23
3.26
3.26
3.28
3.28
3.28
3.29
3.28
3.46
3.46
3.46
3.46
3.47
3.27
3.27
3.26
3.26
3.27
3.35
3.35
3.35
3.36
3.36
3.48
3.48
3.48
3.48
3.49
3.74
3.75
3.75
3.75
3.77
3.39
3.39
3.39
3.39
3.40
3.54
3.56
3.56
3.56
3.55
3.46
July 7
14
21
28
2.94
2.97
3.01
3.05
2.78
2.77
2.78
2.79
2.76
2.78
2.79
2.80
2.38
2.38
2.40
2.41
2.56
2.57
2.58
2.59
2.80
2.81
2.82
2.83
3.31
3.34
3.35
3.37
3.28
3.31
3.29
3.32
3.48
3.49
3.49
3.52
3.26
3.27
3.28
3.30
3.37
3.38
3.38
3.40
3.50
3.50
3.51
3.53
3.78
3.78
3.79
3.82
3.40
3.40
3.41
3.44
3.57
3.58
3.59
3.61
3.46
3.47
3.48
3.49
Aug. 4
11
18
25
3.09
3.11
3.16
3.22
2.83
2.88
2.94
3.00
2.84
2.87
2.94
2.99
2.45
2.47
2.53
2.59
2.62
2.65
2.71
2.76
2.86
2.90
2.97
3.04
3.42
3.46
3.54
3.57
3.35
3.38
3.42
3.45
3.55
3.59
3.62
3.65
3.35
3.38
3.42
3.47
3.43
3.46
3.49
3.52
3.56
3.60
3.63
3.65
3.85
3.90
3.94
3.95
3.48
3.51
3.55
3.59
3.65
3.68
3.71
3.74
3.52
3.57
3.61
3.62
Sept. 1
8
15
22
29
3.22
3.24
3.23
3.19
3.20
3.04
3.05
3.10
3.08
3.05
3.04
3.07
3.06
3.06
3.06
2.62
2.62
2.63
2.63
2.62
2.81
2.83
2.85
2.86
2.85
3.11
3.12
3.14
3.15
3.15
3.60
3.60
3.60
3.61
3.60
3.50
3.56
3.60
3.59
3.62
3.68
3.71
3.74
3.76
3.78
3.49
3.53
3.55
3.56
3.58
3.56
3.59
3.62
3.64
3.66
3.67
3.71
3.73
3.75
3.76
3.97
4.01
4.05
4.09
4.12
3.61
3.66
3.68
3.69
3.70
3.78
3.80
3.81
3.84
3.87
3.64
3.67
3.72
3.76
3.78
Oct. 6
13
20...
27...
3.17
3.18
3.19
3.24
3.06
3.08
3.12
3.19
3.05
3.07
3.14
3.21
2.61
2.63
2.68
2.72
2.85
2.89
2.94
3.04
3.15
3.15
3.21
3.31
3.58
3.62
3.71
3.77
3.61
3.59
3.61
3.65
3.79
3.80
3.81
3.83
3.58
3.57
3.57
3.61
3.67
3.67
3.69
3.70
3.78
3.80
3.82
3.83
4.14
4.16
4.16
4.18
3.72
3.74
3.75
3.76
3.87
3.86
3.87
3.92
3.79
3.80
3.82
3.82
Nov. 3...
10...
17...
24...
3.27
3.28
3.28
3.30
3.23
3.27
3.37
3.41
3.24
3.29
3.38
3.49
2.74
2.79
2.85
2.98
3.06
3.07
3.15
3.23
3.35
3.42
3.53
3.67
3.82
3.89
3.99
4.09
3.69
3.68
3.72
3.76
3.86
3.87
3.88
3.92
3.65
3.66
3.67
3.71
3.72
3.73
3.73
3.79
3.85
3.86
3.87
3.92
4.20
4.21
4.22
4.26
3.77
3.78
3.79
3.85
3.95
3.97
3.99
4.04
3.84
3.85
3.85
3.87
Dec. 1...
8...
15...
22...
29...
3.35
3.35
3.37
3.45
3.44
3.45
3.45
3.43
3.43
3.44
3.53
3.55
3.56
3.58
3.59
3.01
3.02
3.04
3.05
3.05
3.29
3.32
3.32
3.32
3.33
3.69
3.69
3.72
3.73
3.75
4.12
4.15
4.17
4.20
4.22
3.79
3.78
3.75
3.83
3.85
3.95
3.96
3.97
4.00
4.02
3.73
3.72
3.72
3.76
3.79
3.81
3.83
3.84
3.86
3.87
3.94
3.97
3.98
3.99
4.00
4.30
4.32
4.35
4.38
4.41
3.89
3.90
3.92
3.97
4.02
4.07
4.07
4.08
4.08
4.10
3.88
3.91
3.93
3.93
3.94
19'.'.'.'.'.'.'.'.'.
2.98
26
2.94
T
11.
BOND YIELDS, BY TYPE OF SECURITY — Continued
B.
WEEKLY, 1941-63 — Continued
[Per cent per annum]
Corporate bonds
Government bonds
Moody's
State and local
Week ending—
United
States
(longterm)
Standard
and
Poor's
AAA
Moody's
Standard
and
Poor's
Total
Aaa
Aa
By group
By rating
Total
Baa
Aaa
Baa
Aa
Industrial
Railroad
Public
utility
1957—Jan. 5
12
19
26
3.50
3.45
3.33
3.26
3.44
3.45
3.42
3.37
3.58
3.57
3.53
3.47
3.05
3.05
3.02
2.96
3.32
3.31
3.27
3.19
3.73
3.71
3.65
3.59
4.22
4.22
4.17
4.13
3.85
3.84
3.80
3.77
4.06
4.06
4.05
4.03
3.82
3.81
3.78
3.73
3.90
3.91
3.90
3.88
4.03
4.02
4.03
4.00
4.46
4.49
4.50
4.48
4.05
4.06
4.04
4.00
4.14
4.14
4.13
4.11
3.97
3.97
3.99
3.98
Feb. 2
9
16
23
3.24
3.18
3.19
3.26
3.34
3.30
3.24
3.22
3.39
3.33
3.26
3.24
2.87
2.81
2.76
2.76
3.09
3.06
3.00
3.00
3.51
3.44
3.34
3.31
4.08
4.00
3.94
3.90
3.74
3.73
3.71
3.68
4.01
4.01
3.99
3.98
3.72
3.69
3.67
3.66
3.86
3.86
3.82
3.81
4.00
3.99
3.98
3.99
4.48
4.48
4.47
4.46
3.98
3.97
3.94
3.93
4:09
4.08
4.06
4.06
3.97
3.98
3.97
3.96
Mar. 2
9
16
23
30
3.27
3.28
3.26
3.26
3.24
3.26
3.31
3.33
3.33
3.29
3.34
3.37
3.36
3.36
3.33
2.83
2.90
2.88
2.88
2.86
3.13
3.17
3.15
3.15
3.12
3.40
3.42
3.42
3.42
3.40
3.99
3.99
3.99
3.97
3.93
3.68
3.69
3.68
3.69
3.68
3.98
3.97
3.97
3.97
3.96
3.66
3.66
3.66
3.67
3.66
3.80
3.79
3.80
3.80
3.79
3.99
3.97
3.97
3.96
3.96
4.47
4.45
4.43
4.42
4.42
3.93
3.92
3.90
3.90
3.88
4.05
4.04
4.04
4.04
4.05
3.96
3.95
3.95
3.96
3.94
3.25
3.28
3.34
3.38
3.27
3.27
3.35
3.41
3.32
3.32
3.33
3.43
2.84
2.84
2.87
2.96
3.11
3.11
3.13
3.24
3.38
3.38
3.43
3.52
3.93
3.93
3.93
4.00
3.67
3.69
3.71
3.72
3.96
3.95
3.96
3.98
3.66
3.66
3.67
3.69
3.79
3.78
3.78
3.79
3.95
3.95
3.96
3.96
4.42
4.42
4.44
4.45
3.88
3.87
3.88
3.91
4.04
4.05
4.06
4.07
3.94
3.93
3.94
3.95
18
25
3.38
3.37
3.40
3.41
3.44
3.44
3.51
3.57
3.44
3.45
3.45
3.49
2.97
2.99
2.99
2.99
3.23
3.23
3.24
3.26
3.51
3.52
3.52
3.54
4.03
4.05
4.06
4.15
3.75
3.73
3.76
3.79
3.99
4.01
4.02
4.03
3.71
3.72
3.73
3.75
3.81
3.83
3.83
3.84
3.97
3.98
3.99
3.99
4.48
4.50
4.53
4.54
3.93
3.93
3.94
3.96
4.10
4.12
4.14
4.14
3.96
3.97
3.97
3.99
June 1
8
15
22
29
3.47
3.49
3.52
3.66
3.64
3.64
3.70
3.72
3.78
3.80
3.57
3.60
3.64
3.68
3.69
3.10
3.14
3.17
3.23
3.23
3.33
3.35
3.40
3.44
3.45
3.62
3.63
3.67
3.71
3.74
4.23
4.27
4.31
4.33
4.35
3.82
3.87
3.93
3.94
3.95
4.06
4.09
4.14
4.18
4.21
3.79
3.82
3.88
3.94
3.97
3.86
3.90
3.96
4.01
4.05
4.02
4.05
4.07
4.10
4.13
4.56
4.59
4.62
4.66
4.68
4.03
4.06
4.12
4.17
4.20
4.14
4.21
4.25
4.28
4.32
4.01
4.02
4.05
4.08
4.11
3.59
3.56
3.59
3.65
3.73
3.71
3.72
3.78
3.67
3.59
3.63
3.69
3.20
3.11
3.14
3.22
3.42
3.34
3.38
3.48
3.73
3.68
3.73
3.77
4.33
4.24
4.28
4.30
3.97
3.96
3.99
4.04
4.24
4.23
4.25
4.28
4.00
3.97
3.98
4.01
4.08
4.07
4.11
4.12
4.16
4.16
4.20
4.24
4.71
4.72
4.72
4.74
4.20
4.16
4.17
4.21
4.36
4.36
4.40
4.42
4.16
4.17
4.19
4.21
3.63
3.63
3.66
3.63
3.62
3.80
3.85
3.92
3.96
3.92
3.71
3.81
3.84
3.90
3.92
3.25
3.34
3.37
3.44
3.45
3.49
3.60
3.66
3.71
3.72
3.78
3.89
3.91
3.94
3.98
4.30
4.41
4.43
4.51
4.51
4.06
4.09
4.11
4.15
4.14
4.31
4.34
4.36
4.38
4.41
4.05
4.07
4.09
4.11
4.12
4.16
4.20
4.21
4.20
4.23
4.28
4.31
4.34
4.36
4.39
4.76
4.78
4.82
4.84
4.87
4.26
4.26
4.29
4.29
4.30
4.42
4.45
4.49
4.51
4.53
4.26
4.32
4.31
4.34
4.37
3.59
3.60
3.71
3.72
3.92
3.91
3.91
3.87
3.90
3.89
3.89
3.87
3.44
3.43
3.43
3.41
3.70
3.67
3.69
3.67
3.97
3.97
3.96
3.94
4.49
4.49
4.49
4.47
4.15
4.13
4.14
4.16
4.43
4.42
4.44
4.45
4.12
4.11
4.12
4.14
4.26
4.25
4.26
4.29
4.41
4.41
4.43
4.44
4.91
4.91
4.94
4.96
4.31
4.31
4.30
4.31
4.55
4.53
'4.55
4.59
4.41
4.43
4.46
4.47
3.72
3.71
3.76
3.74
3.83
3.77
3.76
3.79
3.84
3.73
3.71
3.71
3.38
3.29
3.29
3.28
3.64
3.49
3.45
3.45
3.91
3.78
3.75
3.74
4.46
4.36
4.33
4.36
4.12
4.12
4.10
4.14
4.45
4.44
4.45
4.47
4.12
4.09
4.07
4.11
4.27
4.26
4.28
4.28
4.44
4.46
4.46
4.47
4.97
4.96
4.98
5.01
4.31*
4.31
4.31
4.34
4.58
4.55
4.57
4.58
4.47
4.47
4.47
4.49
Apr
,!::::::
20
27
May
,t::::::
July
>!:::::•:
20
27
Aug. 3
10
17
24
31
Sept
^::::::
21
28
Oct. 5
12
19
http://fraser.stlouisfed.org/
26
Federal Reserve Bank of St. Louis
Nov.
2
9
16
23
30
3.74
3.68
3.62
3.49
3.48
3.82
3.80
3.82
3.73
3.67
3.72
3.72
3.73
3.67
3.56
3.30
3.30
3.28
3.23
3.16
3.46
3.48
3.49
3.39
3.31
3.74
3.74
3.74
3.69
3.53
4.37
4.37
4.39
4.37
4.25
4.17
4.17
4.17
4.09
4.07
4.48
4.51
4.50
4.49
4.47
4.12
4.12
4.12
4.06
4.02
4.29
4.30
4.30
4.30
4.28
4.48
4.50
4.50
4.50
4.49
5.04
5.09
5.10
5.09
5.10
4.35
4.38
4.37
4.31
4.30
4.60
4.62
4.64
4.67
4.67
4.50
4.51
4.51
4.48
4.46
Dec.
7
14
21
28
3.37
3.31
3.29
3.26
3.57
3.48
3.45
3.43
3.43
3.34
3.27
3.26
3.03
2.94
2.86
2.84
3.12
3.06
3.01
3.01
3.44
3.33
3.28
3.28
4.14
4.03
3.92
3.92
3.99
3.91
3.80
3.68
4.44
4.35
4.27
4.23
3.97
3.84
3.77
3.73
4.23
4.13.
4.04
3.98
4.46
4.36
4.27
4.20
5.09
5.06
5.00
5.00
4.23
4.15
4.07
4.01
4.64
4.57
4.50
4.48
4.43
4.32
4.26
4.19
1958—Jan. 4
11
18
25
3.22
3.20
3.21
3.27
3.44
3.41
3.33
3.26
3.28
3.26
3.12
3.08
2.86
2.86
2.68
2.65
3.05
3.01
2.87
2.87
3.28
3.29
3.15
3.07
3.92
3.88
3.77
3.73
3.66
3.64
3.58
3.57
4.17
4.13
4.07
4.02
3.68
3.65
3.61
3.57
3.92
3.87
3.82
3.77
4.13
4.05
4.01
3.96
4.96
4.92
4.84
4.77
4.00
3.96
3.91
3.87
4.37
4.33
4.31
4.26
4.15
4.08
3.99
3.93
Feb.
1
8
15
22
3.28
3.27
3.25
3.25
3.26
3.34
3.36
3.36
3.12
3.14
3.13
3.15
2.68
2.70
2.70
2.73
2.92
2.96
2.95
2.95
3.10
3.11
3.11
3.12
3.76
3.77
3.77
3.78
3.56
3.59
3.60
3.60
4.00
4.01
4.01
4.00
3.56
3.59
3.59
3.58
3.77
3.79
3.78
3.76
3.96
3.99
4.00
4.00
4.72
4.68
4.66
4.64
3.84
3.87
3.86
3.85
4.29
4.30
4.29
4.28
3.89
3.88
3.87
3.86
Mar.
1
8
15
22
29
3.27
3.27
3.27
3.24
3.21
3.42
3.45
3.45
3.45
3.46
3.19
3.20
3.22
3.24
3.25
2.76
2.78
2.78
2.79
2.79
2.98
3.01
3.03
3.05
3.06
3.17
3.19
3.22
3.23
3.24
3.85
3.85
3.86
3.89
3.90
3.60
3.63
3.63
3.64
3.67
4.00
4.03
4.03
4.04
4.05
3.60
3.62
3.62
3.63
3.64
3.75
3.76
3.78
3.79
3.79
4.02
4.06
4.06
4.06
4.06
4.65
4.66
4.67
4.68
4.69
3.85
3.86
3.86
3.86
3.87
4.29
4.29
4.30
4.31
4.32
3.87
3.93
3.95
3.95
3.95
19
26
3.19
3.15
3.10
3.07
3.42
3.37
3.31
3.24
3.23
3.17
3.16
3.09
2.77
2.70
2.69
2.64
3.05
3.01
3.01
2.95
3.22
3.17
3.17
3.12
3.88
3.81
3.78
3.66
3.66
3.65
3.62
3.60
4.04
4.03
4.02
4.00
3.64
3.62
3.61
3.57
3.78
3.80
3.78
3.76
4.03
4.03
4.01
3.99
4.69
4.67
4.66
4.66
3.86
3.85
3.83
3.81
4.33
4.34
4.33
4.30
3.92
3.91
3.89
3.89
May 3
10
17
24
31
3.14
3.14
3.15
3.13
3.13
3.23
3.25
3.26
3.26
3.21
3.08
3.09
3.14
3.14
3.14
2.64
2.66
2.71
2.71
2.71
2.93
2.94
2.96
2.96
2.95
3.10
3.12
3.13
3.13
3.13
3.64
3.65
3.76
3.60
3.61
3.63
3.61
3.59
3.99
4.00
4.00
4.00
3.99
3.55
3.57
3.57
3.57
3.57
3.75
3.77
3.78
3.78
3.79
3.99
4.01
4.03
4.02
4.02
4.66
4.63
4.62
4.62
4.60
3.80
3.81
3.80
3.79
3.79
4.29
4.30
4.31
4.31
4.30
3.87
3.89
3.90
3.89
3.89
June 7
14
21
28
3.14
3.15
3.21
3.26
3.21
3.22
3.26
3.35
3.14
3.14
3.15
3.21
2.72
2.72
2.75
2.78
2.94
2.94
2.96
3.01
3.13
3.12
3.14
3.20
3.76
3.84
i
3.60
3.59
3.60
3.65
3.98
3.97
3.96
3.98
3.56
3.56
3.57
3.61
3.78
3.77
3.76
3.79
4.02
4.01
3.98
4.00
4.58
4.55
4.53
4.54
3.77
3.76
3.75
3.78
4.30
4.27
4.26
4.29
3.88
3.88
3.88
3.90
19
26
3.26
3.31
3.39
3.38
3.37
3.43
3.45
3.46
3.22
3.22
3.22
3.22
2.78
2.78
2.78
2.78
3.03
3.03
3.02
3.04
3.22
3.23
3.23
3.24
3.84
3.85
3.83
3.82
3.64
3.66
3.72
3.74
3.99
3.98
4.01
4.04
3.62
3.63
3.67
3.70
3.79
3.79
3.82
3.86
4.01
4.00
4.03
4.05
4.53
4.51
4.52
4.55
3.79
3.79
3.80
3.83
4.29
4.27
4.30
4.33
3.89
3.90
3.93
3.97
2
9
16
23
30
3.44
3.53
3.61
3.62
3.67
3.52
3.63
3.68
3.76
3.88
3.25
3.34
3.47
3.55
3.66
2.84
2.91
3.04
3.12
3.22
3.05
3.14
3.27
3.35
3.49
3.29
3.38
3.53
3.63
3.70
3.83
3.92
4.03
4.10
4.21
3.74
3.78
3.79
3.89
3.97
4.06
4.11
4.16
4.20
4.25
3.71
3.77
3.83
3.89
3.94
3.86
3.91
3.97
4.00
4.06
4.09
4.13
4.17
4.20
4.25
4.56
4.60
4.66
4.71
4.74
3.84
3.87
3.92
3.96
4.02
4.34
4.38
4.41
4.44
4.47
4.01
4.07
4.14
4.20
4.27
20
27
3.72
3.75
3.76
3.74
3.95
3.98
3.95
3.94
3.75
3.77
3.74
3.71
3.29
3.31
3.28
3.24
3.57
3.62
3.58
3.53
3.81
3.82
3.80
3.76
4.31
4.34
4.32
4.29
4.03
4.07
4.12
4.10
4.33
4.38
4.41
4.42
4.03
4.07
4.10
4.11
4.13
4.19
4.22
4.23
4.34
4.41
4.42
4.42
4.80
4.86
4.88
4.90
4.15
4.24
4.26
4.26
4.50
4.51
4.52
4.53
4.33
4.40
4.44
4.45
Oct.
4
11
18
25
3.83
3.72
3.74
3.77
3.97
3.95
3.94
3.93
3.72
3.73
3.67
3.68
3.25
3.25
3.21
3.23
3.55
3.56
3.48
3.49
3.78
3.81
3.73
3.74
4.29
4.30
4.26
4.24
4.13
4.10
4.07
4.07
4.43
4.44
4.42
4.41
4.13
4.13
4.09
4.10
4.23
4.23
4.20
4.20
4.44
4.46
4.44
4.44
4.92
4.94
4.94
4.91
4.26
4.26
4.23
4.24
4.55
4.57
4.58
4.55
4.48
4.49
4.46
4.44
Nov.
1
8
15
22
29
3.75
3.75
3.71
3.69
3.67
3.89
3.88
3.86
3.81
3.80
3.64
3.60
3.59
3.59
3.57
3.21
3.19
3.17
3.17
3.14
3.45
3.41
3.39
3.39
3.34
3.73
3.69
3.69
3.70
3.68
4.16
4.12
4.12
4.11
4.10
4.13
4.11
4.10
4.08
4.06
4.42
4.42
4.41
4.39
4.38
4.12
4.11
4.10
4.08
4.07
4.21
4.21
4.22
4.20
4.19
4.44
4.45
4.45
4.42
4.41
4.90
4.89
4.88
4.86
4.85
4.25
4.25
4.24
4.23
4.22
4.57
4.57
4.57
4.57
4.55
4.44
4.44
4.42
4.38
4.37
Dec.
6
13
20
27
3.73
3.77
3.83
3.84
3.81
3.82
3.83
3.86
3.57
3.57
3.56
3.56
3.14
3.13
3.11
3.12
3.35
3.35
3.33
3.35
3.68
3.68
3.68
3.68
4.10
4.10
4.10
4.10
4.07
4.08
4.09
4.12
4.38
4.38
4.38
4.39
4.06
4.06
4.07
4.09
4.19
4.19
4.17
4.18
4.41
4.41
4.41
4.43
4.85
4.84
4.85
4.86
4.23
4.23
4.23
4.24
4.53
4.52
4.52
4.53
4.38
4.38
4.38
4.40
Ap
M:::::::::
JU
M:::::::::
Aug.
Sept
.f:::::::::
T
11.
BOND YIELDS, BY TYPE OF SECURITY — Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]
Corporate bonds
Government bonds
State and local
Week ending—
1959_j a n .
May 2
9
16
23
30
June 6
13.
20
27
July 4
11
18
25
Aug. 1
8
15
22
29.
Sent. 5
12!::::::::
19
26
. .
3.86
3.86
3.85
3 87
3.90
3.57
3.60
3.58
3.59
3.62
3.12
3.19
3.19
3.19
3.20
3.36
3.39
3.39
4.40
3.43
3.69
3.71
3.65
3.67
3.70
4.10
4.12
4.08
4.10
4.13
4.12
4.11
4.13
4.15
4.18
3 93
3 92
3.91
3.90
3 90
3.86
3.84
3.78
3.62
3.60
3.55
3.51
3.20
3.18
3.13
3.11
3.45
3.43
3.35
3.28
3.70
3.69
3.65
3.61
4.13
4.11
4.05
4.03
3.74
3 76
3.74
3.78
3.44
3 44
3.44
3.44
3.06
3.06
3.06
3.06
3.23
3 21
3.23
3.23
3.54
3.55
3.53
3.56
3.78
3.80
3 83
3 88
3.47
3.49
3 51
3 58
3.07
3.09
3 09
3.14
3.26
3.28
3 34
3.41
3 93
3 96
3.97
3 97
3 97
3 61
3.65
3.71
3 72
3 73
3.18
3.23
3.30
3.31
3.31
4.00
4 01
4.06
4.10
3.73
3 76
3.82
3.88
4.10
4 09
4.05
4.00
By rating
Baa
4.10
4 08
4 06
4 08
4 15
18
25
A
4.12
4 13
4.08
4.10
Apr. 4
11
Aa
4.10
4 09
4.09
4.10
14
21
28
Aaa
4 05
4 05
4.09
4 11
4 08
28
Total
3.95
3.97
4 01
4 05
.
Mar 7
Federal Reserve Bank of St. Louis
Moody's
Standard
and
Poor's
3.87
3 92
3.92
3.94
24
31
Oct. 3
10
17
24
http://fraser.stlouisfed.org/
31
Moody's
Standard
and
Poor's
AAA
3.83
3.84
3.89
3 96
3.94
3
10
17
Feb. 7.
14
21
United
States
(longterm)
By group
Total
Aaa
Aa
A
Baa
Industrial
Railroad
Public
utility
4.40
4.40
4.41
4.41
4.44
4.10
4.09
4.11
4.12
4.16
4.19
4.20
4.22
4.23
4.25
4.43
4.44
4.43
4.42
4.43
4.87
4.85
4.86
4.88
4.90
4.25
4.26
4.27
4.28
4.30
4.54
4.53
4.53
4.51
4.55
4.40
4.41
4.42
4.45
4.46
4.17
4.16
4.14
4.13
4.43
4.44
4.42
4.41
4.15
4.14
4.14
4.13
4.25
4.25
4.24
4.22
4.43
4.44
4.43
4.40
4.90
4.90
4.89
4.89
4.30
4.31
4.32
4.31
4.54
4.53
4.50
4.47
4.47
4.47
4.46
4.44
3.95
3.93
3.92
3.92
4.11
4.13
4.14
4.15
4.40
4.40
4.41
4.41
4.11
4.13
4.13
4.14
4.21
4.22
4.24
4.26
4.39
4.40
4.41
4.41
4.87
4.87
4.85
4.83
4.29
4.29
4.28
4.27
4.48
4.50
4.52
4.52
4.43
4.42
4.42
4.43
3.59
3.59
3 62
3.69
3.97
3.98
3.98
4.06
4.18
4.19
4 21
4.25
4.42
4.43
4.45
4.49
4.17
4.20
4.22
4.26
4.27
4.28
4.31
4.35
4.41
4.41
4.42
4.48
4.84
4.84
4.83
4.88
4.30
4.31
4.33
4.39
4.53
4.54
4.54
4.58
4.44
4.45
4.46
4.51
3 43
3.48
3.54
3 55
3.57
3 73
3.77
3.81
3 83
3.83
4.09
4.12
4.19
4.20
4.20
4.29
4.33
4.37
4 38
4.43
4.52
4.55
4.58
4 63
4.66
4.30
4.33
4.36
4.39
4.42
4.37
4.41
4.44
4.49
4.52
4.51
4.53
4.58
4.65
4.70
4.91
4.93
4.94
4.97
5.01
4.41
4.42
4.44
4.48
4.52
4.59
4.62
4.65
4.70
4.72
4.57
4fc62
4.56
4.70
4.74
3.31
3.32
3.39
3.45
3.57
3.60
3.69
3.73
3.83
3.87
3.91
3.97
4.20
4.23
4.29
4.38
4.43
4.47
4.46
4.47
4.68
4.69
4.70
4.70
4.44
4.47
4.46
4.47
4.54
4.56
4.57
4.58
4.70
4.70
4.70
4.71
5.03
5.03
5.04
5.04
4.53
4.55
4.57
4.57
4.75
4.76
4.76
4.76
4.76
4.76
4.76
4.78
3.96
3 94
3.93
3.89
3.54
3.52
3.51
3.48
3.80
3.78
3.76
3.71
4.03
4.00
4.00
3.97
4.46
4.45
4.45
4.39
4.48
4.48
4.48
4.47
4.71
4.72
4.72
4.72
4.48
4.48
4.47
4.46
4.59
4.59
4.59
4.58
4.72
4.74
4.76
4.75
5.05
5.07
5.09
5.09
4.57
4.57
4.59
4.58
4.79
4.79
4.79
4.79
4.78
4.79
4.79
4.79
3.97
3 94
3.94
3 94
4 00
3.89
3 84
3.84
3 83
3.83
3.48
3.44
3.43
3 43
3.44
3.71
3.64
3.63
3 63
3.63
3.97
3.91
3.91
3 90
3.90
4.39
4.37
4.37
4.35
4.35
4.45
4.43
4.42
4.43
4.47
4.72
4.70
4.70
4.70
4.73
4.45
4.43
4.42
4.42
4.44
4.59
4.58
4.57
4.56
4.59
4.74
4.73
4.72
4.73
4.77
5.07
5.08
5.09
5.09
5.11
4.57
4.55
4.54
4.55
4.58
4.80
4.80
4.80
4.80
4.82
4.77
4.77
4.76
4.76
4.79
4 24
4.25
4.30
4.27
4 09
4.11
4.16
4.16
3 90
3.94
3.97
3.98
3.52
3.59
3.63
3.65
3.73
3.77
3.80
3.81
3.95
3.99
4.01
4.01
4.38
4.41
4.44
4.44
4.52
4.51
4.54
4.55
4.77
4.78
4.81
4.85
4.47
4.49
4.52
4.54
4.63
4.65
4.69
4.73
4.83
4.84
4.86
4.90
5.13
5.15
5.18
5.22
4.63
4.65
4.69
4.71
4.83
4.85
4.86
4.93
4.83
4.85
4.89
4.92
4.21
4 14
4.13
4.06
4.09
4.12
4 07
4.01
3.95
3.93
3.97
3 94
3.92
3.86
3.83
3.64
3.61
3.58
3.53
3.49
3.80
3.75
3.71
3.66
3.63
4.01
3.99
3.97
3.93
3.91
4.44
4.41
4.40
4.34
4.31
4.57
4.54
4.54
4.55
4.57
4.87
4.88
4.87
4.86
4.85
4.57
4.57
4.56
4.56
4.56
4.76
4.76
4.75
4.76
4.75
4.91
4.89
4.88
4.86
4.85
5.26
5.28
5.29
5.28
5.26
4.70
4.70
4.69
4.70
4.70
4.95
4.97
4.97
4.96
4.95
4.96
4.96
4.96
4.93
4.91
Nov. 7
14
21
28
4.09
4.10
4.13
4.15
3.93
3.95
3.93
3.93
3.83
3.83
3.78
3.78
3.48
3.47
3.41
3.38
3.62
3.61
3.56
3.56
3.91
3.91
3.87
3.88
4.31
4.31
4.28
4.29
4.56
4.55
4.55
4.54
4.86
4.85
4.86
4.84
4.57
4.57
4.57
4.55
4.72
4.71
4.70
4.69
4.85
4.85
4.87
4.86
5.27
5.27
5.27
5.26
4.69
4.69
4.70
4.69
4.98
4.98
5.01
5.00
4.89
4.88
4.86
4.83
Dec. 5
12
19
26
4.21
4.22
4.25
4.32
3.97
4.01
4.06
4.11
3.80
3.79
3.81
3.89
3.38
3.38
3.40
3.49
3.57
3.57
3.60
3.67
3.90
3.88
3.90
3.99
4.33
4.33
4.35
4.42
4.55
4.58
4.59
4.61
4.85
4.85
4.88
4.89
4.55
4.56
4.59
4.59
4.69
4.71
4.74
4.77
4.87
4.88
4.90
4.91
5.25
5.25
5.27
5.30
4.69
4.68
4.71
4.71
5.01
5.02
5.05
5.08
4.83
4.84
4.87
4.89
1960_Jan. 2
9
16
23
30
4.37
4.42
4.37
4.35
4.36
4.12
4.19
4.15
4.09
4.08
3.90
3.95
3.92
3.90
3.90
3.49
3.53
3.49
3.47
3.47
3.67
3.76
3.73
3.71
3.71
3.99
4.06
4.02
4.00
4.01
4.43
4.46
4.43
4.41
4.41
4.61
4.62
4.62
4.62
4.62
4.90
4.90
4.91
4.92
4.92
4.61
4.61
4.61
4.61
4.61
4.77
4.77
4.78
4.78
4.77
4.91
4.92
4.92
4.93
4.94
5.32
5.32
5.34
5.35
5.36
4.72
4.73
4.74
4.74
4.74
5.09
5.09
5.08
5.08
5.09
4.89
4.90
4.92
4.93
4.93
Feb. 6
13
20
27
4.29
4.20
4.16
4.22
4.01
3.95
3.95
3.97
3.88
3.83
3.81
3.82
3.43
3.38
3.38
3.39
3.69
3.65
3.63
3.65
3.98
3.93
3.90
3.91
4.40
4.35
4.31
4.32
4.60
4.56
4.53
4.52
4.92
4.90
4.87
4.86
4.60
4.57
4.54
4.54
4.76
4.73
4.69
4.67
4.94
4.93
4.91
4.91
5.36
5.36
5.33
5.31
4.73
4.72
4.70
4.70
5.08
5.07
5.04
5.02
4.93
4.91
4.86
4.85
Mar. 5
12
19
26
4.22
4.11
4.05
4.00
3.96
3.88
3.85
3.82
3.84
3.80
3.78
3.74
3.40
3.37
3.35
3.32
3.67
3.62
3.61
3.58
3.92
3.88
3.86
3.79
4.35
4.31
4.29
4.26
4.52
4.47
4.47
4.45
4.86
4.83
4.80
4.78
4.54
4.51
4.48
4.46
4.67
4.66
4.61
4.59
4.90
4.88
4.85
4.83
5.31
5.28
5.26
5.22
4.70
4.67
4.64
4.60
5.02
5.01
4.98
4.98
4.85
4.83
4.78
4.75
Apr. 2
9
16
23
30
4.07
4.10
4.18
4.21
4.20
3.82
3.80
3.83
3.85
3.87
3.70
3.70
3.71
3.70
3.75
3.28
3.28
3.29
3.29
3.34
3.54
3.54
3.55
3.53
3.56
3.75
3.75
3.77
3.78
3.80
4.22
4.22
4.24
4.23
4.28
4.43
4.42
4.45
4.46
4.44
4.75
4.74
4.75
4.76
4.78
4.45
4.44
4.45
4.45
4.46
4.56
4.56
4.56
4.58
4.61
4.81
4.79
4.79
4.80
4.81
5.18
5.17
5.18
5.21
5.23
4.59
4.58
4.59
4.61
3.63
4.95
4.96
4.96
4.96
4.98
4.71
4.68
4.68
4.70
4.72
May 7
14
21
28
4.17
4.13
4.18
4.16
3.87
3.81
3.85
3.85
3.73
3.73
3.78
3.79
3.32
3.32
3.37
3.38
3.53
3.53
3.58
3.60
3.79
3.79
3.85
3.86
4.28
4.28
4.33
4.33
4.44
4.44
4.47
4.45
4.80
4.79
4.80
4.81
4.46
4.45
4.46
4.47
4.61
4.61
4.61
4.62
4.83
4.83
4.84
4.85
5.27
5.28
5.28
5.28
4.65
4.65
4.65
4.66
4.98
4.97
4.98
4.98
4.76
4.76
4.76
4.77
June 4
11
18
25
4.07
4.00
3.96
3.97
3.85
3.81
3.76
3.72
3.78
3.78
3.72
3.71
3.38
3.38
3.31
3.30
3.58
3.58
3.50
3.50
3.85
3.84
3.80
3.80
4.32
4.30
4.25
4.24
4.45
4.44
4.44
4.44
4.81
4.77
4.77
4.78
4.48
4.44
4.45
4.45
4.63
4.59
4.59
4.59
4.85
4.81
4.80
4.79
5.27
5.24
5.26
5.27
4.66
4.64
4.98
4.92
4.93
4.94
4.78
4.76
4.76
4.75
July 2
9
16
23
30
3.96
3.91
3.87
3.84
3.81
3.74
3.75
3.75
3.71
3.68
3.71
3.71
3.75
3.75
3.71
3.30
3.30
3.32
3.32
3.28
3.50
3.50
3.55
3.54
3.50
3.80
3.80
3.86
3.86
3.82
4.24
4.24
4.27
4.26
4.25
4.43
4.42
4.40
4.39
4.36
4.78
4.77
4.77
4.73
4.69
4.44
4.44
4.43
4.40
4.38
4.59
4.58
4.58
4.55
4.52
4.80
4.80
4.79
4.77
4.72
5.28
5.27
5.26
5.20
5.15
i
4.64
4.60
4.57
4.94
4.93
4.93
4.89
4.85
4.75
4.75
4.73
4.70
4.66
3.75
3.78
3.81
3.81
3.64
3.57
3.50
3.47
3.68
3.62
3.51
3.47
3.22
3.14
3.03
2.99
3.47
3.42
3.32
3.27
3.78
3.70
3.59
3.55
4.24
4.21
4.11
4.05
4.34
4.29
4.26
4.24
4.67
4.64
4.60
4.57
4.34
4.30
4.26
4.23
4.49
4.46
4.43
4.41
4.71
4.68
4.65
4.62
5.15
5.11
5.06
5.03
4.54
4.50
4.49
4.46
4.86
4.83
4.82
4.79
4.63
4.57
4.51
4.47
Sept. 3
10
17
24
3.84
3.84
3.84
3.79
3.48
3.49
3.52
3.54
3.46
3.50
3.57
3.57
2.99
3.03
3.13
3.13
3.26
3.31
3.40
3.41
3.55
3.59
3.66
3.66
4.05
4.07
4.09
4.09
4.23
4.24
4.25
4.24
4.57
4.56
4.57
4.58
4.23
4.23
4.26
4.26
4.40
4.41
4.41
4.41
4.62
4.61
4.63
4.63
5.01
4.98
4.99
5.02
4.45
4.45
4.46
4.46
4.79
4.77
4.79
4.78
4.46
4.46
4.47
4.50
Oct. 1
8
15...,
22....
29
3.81
3.88
3.92
3.93
3.90
3.58
3.62
3.62
3.60
3.62
3.61
3.64
3.65
3.65
3.61
3.18
3.21
3.21
3.21
3.17
3.45
3.48
3.50
3.50
3.48
3.69
3.70
3.72
3.71
3.66
4.13
4.15
4.17
4.17
4.13
4.25
4.29
4.29
4.31
4.31
4.59
4.61
4.63
4.64
4.65
4.27
4.28
4.29
4.31
4.30
4.40
4.42
4.44
4.46
4.46
4.64
4.65
4.67
4.68
4.69
5.05
5.09
5.12
5.12
5.13
4.48
4.49
4.50
r
4.78
4.81
4.84
4.86
4.86
4.52
4.53
4.56
4.57
4.57
Nov. 5....
12
19...,
26....
3.90
3.91
3.92
3.94
3.48
3.45
3.43
3.46
3.59
3.59
3.54
3.55
3.16
3.16
3.12
3.12
3.45
3.45
3.38
3.38
3.65
3.64
3.60
3.61
4.11
4.11
4.07
4.07
4.32
4.32
4.33
4.36
4.64
4.63
4.63
4.65
4.30
4.29
4.30
4.32
4.47
4.47
4.46
4.49
T
5.10
5.08
5.07
5.08
i
4.50
4.52
4.87
4.84
4.83
4.85
4.55
4.55
4.56
4.57
Dec. 3...,
10....
17...,
24...,
31....
3.97
3.93
3.86
3.86
3.82
3.50
3.47
3.44
3.44
3.44
3.56
3.52
3.52
3.51
3.51
3.14
3.12
3.12
3.12
3.11
3.39
3.34
3.34
3.35
3.35
3.63
3.58
3.58
3.61
3.61
4.07
4.06
4.06
3.98
3.98
4.36
4.38
4.37
4.37
4.37
4.66
4.67
4.66
4.67
4.67
4.33
4.35
4.34
4.34
4.35
4.50
4.51
4.50
4.51
4.51
4.69
4.70
4.70
4.71
4.72
5.10
5.11
5.11
5.09
5.09
4.55
4.56
4.55
4.55
4.55
4.86
4.86
4.87
4.88
4.88
4.57
4.59
4.57
4.57
4.57
Aug
i!:::::::::
20
27
i
T
11.
BOND YIELDS, BY TYPE OF SECURITY —Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]
Government bonds
Corporate bonds
Moody's
State and local
Week ending—
United
States
(longterm)
Moody's
Standard
and
Poor's
AAA
Standard
and
Poor's
Total
Aaa
Aa
A
Baa
3.84
3.90
3.92
3.89
3.46
3.46
3.42
3.40
3.54
3.55
3.58
3.56
3.13
3.14
3.16
3.16
3.36
3.37
3.38
3.38
3.65
3.65
3.69
3.65
4.03
4.04
4.09
4.09
4.35
4.34
4.31
4.32
Feb. 4
11
18
25
3.88
3.84
3.81
3.76
3.40
3.35
3.31
3.27
3.56
3.53
3.53
3.51
3.16
3.14
3.14
3.12
3.38
3.35
3.34
3.33
3.65
3.59
3.57
3.55
4.09
4.05
4.05
4.05
Mar. 4
11
18
25
3.77
3.75
3.78
3.80
3.29
3.36
3.41
3.43
3.52
3.56
3.62
3.66
3.13
3.18
3.26
3.29
3.33
3.37
3.43
3.49
3.57
3.60
3.66
3.69
Apr. 1
8
15
22
29
3.81
3.82
3.81
3 81
3.78
3.43
3.44
3.44
3 44
3.44
3.65
3 64
3.62
3 58
3.58
3.30
3.30
3.30
3 24
3.24
3.48
3.50
3.48
3 46
3.46
20
27
3 72
3.70
3.71
3.78
3.38
3.34
3.34
3.40
3 56
3.56
3.56
3.58
3 24
3 24
3.24
3.27
June 3
10
17
24
3.79
3 86
3.86
3.90
3.42
3.48
3.53
3.54
3.58
3.67
3.67
3.64
July 1
8
15
22
29
3.93
3.92
3.92
3.88
3.89
3.55
3.56
3.55
3.50
3.50
Aug. 5
12
19
26
3.95
4 03
4.01
4.01
Sept 2
9
16
23
30
1961—Jan
7
14
21
28
. . . .
13: •:..:"::
Oct. 7
By group
....
Aaa
Aa
A
Baa
Industrial
Railroad
Public
utility
4.66
4.66
4.65
4.65
4.34
4.33
4.32
4.31
4.50
4.48
4.47
4.47
4.70
4.70
4.69
4.68
5.08
5.10
5.11
5.12
4.55
4.53
4.52
4.51
4.86
4.87
4.86
4.87
4.57
4.57
4.58
4.56
4.30
4.27
4.27
4.26
4.63
4.61
4.60
4.58
4.30
4.28
4.27
4.25
4.46
4.42
4.40
4.38
4.67
4.64
4.64
4.61
5.10
5.07
5.07
5.06
4.49
4.47
4.44
4.43
4.85
4.82
4.83
4.83
4.55
4.53
4.51
4.48
4.05
4.09
4.12
4.16
4.23
4.22
4.22
4.23
4.56
4.55
4.53
4.53
4.23
4.22
4.21
4.22
4.36
4.35
4.33
4.32
4.60
4.58
4.57
4.55
5.04
5.02
5.02
5.02
4.41
4.40
4.39
4.39
4.80
4.79
4.78
4.77
4.46
4.44
4.43
4.42
3.71
3.68
3.68
3 64
3.64
4.11
4.06
4.03
3 98
3.98
4.22
4.25
4.26
4 28
4.30
4.53
4.53
4.54
4 56
4.58
4.22
4.23
4.24
4 26
4.28
4.32
4.34
4.36
4.39
4.41
4.55
5.56
4.57
4.60
4.62
5.02
5.01
5.00
5.00
5.01
4.39
4.41
4.44
4.47
4.50
4.77
4.75
4.74
4.75
4.77
4.42
4.44
4.45
4.47
4.47
3 44
3.44
3.44
3.47
3 62
3.62
3.62
3.62
3 95
3.95
3.95
3.95
4 30
4.28
4.29
4.31
4.59
4.58
4.58
4.58
4 29
4.27
4.25
4.27
4.41
4.40
4.41
4.42
4.62
4.62
4.63
4.64
5.02
5.01
5.01
5.01
4.49
4.47
4.47
4.48
4.78
4.76
4.77
4.77
4.49
4.49
4.49
4.50
3.28
3.35
3.37
3.37
3.47
3.55
3.55
3.52
3.62
3.69
3.69
3.71
3.95
3.99
3.99
3.97
4.33
4.36
4.38
4.38
4.60
4.62
4.62
4.64
4.29
4.31
4.33
4.34
4.42
4.44
4.44
4.47
4.66
4.68
4.68
4.70
5.02
5.03
5.03
5.04
4.50
4.52
4.54
4.54
4.80
4.81
4.81
4.84
4.50
4.51
4.52
4.52
3.63
3.64
3.63
3 62
3.61
3.37
3.37
3.36
3 34
3.33
3.52
3.53
3.51
3 49
3.48
3.71
3.72
3.72
3.70
3.68
3.94
3.94
3.95
3.93
3.93
4.40
4.41
4.41
4.42
4.44
4.66
4.67
4.69
4.70
4.71
4.36
4.39
4.41
4.41
4.42
4.49
4.51
4.52
4.55
4.54
4.71
4.73
4.74
4.76
4.76
5.05
5.07
5.08
5.09
5.10
4.57
4.59
4.58
4.60
4.60
4.84
4.87
4.88
4.91
4.90
4.55
4.57
4.59
4.60
4.62
3.52
3.56
3.56
3.56
3.60
3 62
3.63
3.63
3.32
3 32
3.33
3.33
3.48
3 51
3.51
3.51
3.68
3 69
3.71
3.93
3.97
3.97
3.97
4.46
4 47
4.47
4.46
4.72
4.73
4.74
4.74
4.45
4 45
4.45
4.44
4.56
4.57
4.57
4.58
4.77
4.78
4.80
4.81
5.11
5.11
5.12
5.11
4.60
4.60
4.61
4.61
4.92
4.92
4.92
4.93
4.65
4.66
4.68
4.68
4 01
4.02
4 06
4.02
3.98
. . .
May 6
14
21
28
By rating
Total
3 56
3.57
3 57
3.54
3.48
3 63
3.65
3 65
3.65
3.61
3 34
3.34
3 34
3.34
3.31
3 52
3.52
3 52
3.52
3.47
3.71
3.67
i
3.98
4.02
4.02
4.02
4.00
4 45
4.47
4 48
4.48
4.44
4.74
4.74
4.75
4.74
4.74
4 44
4.46
4 46
4.45
4.45
4.59
4.59
4.59
4.59
4.59
4.81
4.81
4.82
4.81
4.81
5.12
5.12
5.12
5.12
5.12
4.61
4.62
4.62
4.61
4.60
4.93
4.94
4.95
4.95
4.95
4.68
4.67
4.67
4.67
4.67
3.98
4 00
3.98
3.96
3.48
3 48
3.46
3.42
3 61
3 60
3.59
3.56
3 30
3 30
3.27
3.25
3.47
3 46
3.44
3.43
3.65
3 65
3.65
3.62
4.00
4 00
4.00
3.94
4.43
4 41
4.42
4.39
4.74
4.72
4.72
4.72
4.43
4.42
4.42
4.42
4.57
4.56
4.56
4.56
4.80
4.79
4.78
4.78
5.13
5.13
5.13
5.13
4.60
4.60
4.59
4.60
4.94
4.92
4.92
4.91
4.66
4.65
4.66
4.65
T
4.54
4.77
4.76
4.75
4.74
5.12
5.11
5.11
5.10
4.59
4.58
4.57
4.57
4.91
4.90
4.89
4.88
4.64
4.63
4.63
4.62
1
4.74
4.74
4.74
4.75
4.75
5.10
5.10
5.11
5.11
5.10
4.57
4.58
4.59
4.60
4.60
4.88
4.90
4.91
4.92
4.93
4.62
4.62
4.61
4.62
4.62
4.43
4.42
4.42
4.41
4.56
4.54
4.54
4.55
4.74
5.11
5.09
5.08
5.08
4.59
4.57
4.57
4.57
4.93
4.92
4.92
4.91
4.62
4.61
4.61
4.61
4.70
4.42
4.42
4.43
4.42
4.56
4.56
4.56
4.56
4.L
5.07
5.08
5.08
5.07
4.57
4.58
4.57
4.57
4.91
4.91
4.91
4.90
4.61
4.62
4.63
4.63
4.69
4.68
4.67
4.66
4.65
4.42
4.40
4.39
4.39
4.38
4.55
4.54
4.53
4.53
4.52
4.73
4.72
4.71
4.70
4.69
5.05
5.05
5.04
5.02
5.02
4.55
4.53
4.52
4.50
4.49
4.89
4.89
4.88
4.88
4.87
4.62
4.62
4.61
4.60
4.59
4.34
4.31
4.28
4.28
4.65
4.63
4.62
4.61
4.37
4.34
4.33
4.31
4.51
4.50
4.49
4.48
4.68
4.67
4.66
4.64
5.03
5.02
5.01
5.01
4.48
4.46
4.45
4.44
4.87
4.86
4.86
4.85
4.59
4.58
4.56
4.54
3.52
3.52
3.52
3.58
4.27
4.25
4.24
4.23
4.61
4.59
4.58
4.57
4.30
4.29
4.28
4.27
4.47
4.45
4.42
4.41
4.63
4.63
4.61
4.60
5.02
5.00
4.99
4.98
4.43
4.43
4.42
4.41
4.85
4.84
4.82
4.81
4.54
4.52
4.49
4.48
3.31
3.34
3.35
3.34
3.35
3.60
3.64
3.65
3.62
3.67
4.26
4.27
4.27
4.27
4.29
4.57
4.58
4.58
4.59
4.61
4.28
4.28
4.28
4.29
4.29
4.41
4.43
4.43
4.44
4.46
4.61
4.61
4.61
4.61
4.64
4.98
5.00
5.01
5.02
5.03
4.42
4.43
4.44
4.45
4.48
4.81
4.83
4.86
4.86
4.88
4.48
4.48
4.46
4.46
4.46
3.22
3.22
3.22
3.25
3.38
3.41
3.41
3.45
3.70
3.70
3.72
3.77
4.29
4.30
4.30
4.33
4.62
4.63
4.63
4.64
4.32
4.34
4.33
4.35
4.48
4.49
4.49
4.50
4.64
4.65
4.65
4.66
5.04
5.05
5.04
5.04
4.50
4.52
4.51
4.52
4.89
4.90
4.89
4.90
4.47
4.48
4.48
4.49
3.13
3.15
3.13
3.05
3.27
3.30
3.25
3.18
3.49
3.49
3.46
3.40
3.78
3.80
3.78
3.70
4.34
4.33
4.32
4.31
4.65
4.64
4.65
4.63
4.37
4.36
4.36
4.34
4.50
4.50
4.49
4.48
4.66
4.66
4.66
4.66
5.07
5.07
5.07
5.05
4.54
4.54
4.52
4.50
4.90
4.91
4.91
4.91
4.50
4.51
4.51
4.50
3.31
3.30
3.29
3.27
3.26
3.03
3.02
3.02
3.01
3.00
3.17
3.16
3.13
3.11
3.09
3.38
3.35
3.34
3.32
3.30
3.66
3.66
3.66
3.66
3.65
4.29
4.29
4.28
4.27
4.26
4.63
4.62
4.61
4.61
4.60
4.33
4.33
4.32
4.31
4.31
4.47
4.47
4.46
4.46
4.45
4.64
4.63
4.62
4.62
4.61
5.05
5.04
5.03
5.03
5.02
4.48
4.47
4.46
4.44
4.44
4.90
4.89
4.88
4.88
4.87
4.50
4.50
4.50
4.50
4.49
3.10
3.05
3.00
3.03
3.26
3.25
3.17
3.16
3.00
2.99
2.89
2.88
3.09
3.08
3.00
2.99
3.28
3.27
3.20
3.18
3.65
3.65
3.59
3.58
4.21
4.20
4.20
4.21
4.59
4.57
4.57
4.57
4.29
4.28
4.27
4.27
4.42
4.41
4.41
4.40
4.62
4.61
4.61
4.61
5.00
4.99
4.98
4.98
4.42
4.40
4.40
4.39
4.85
4.85
4.85
4.85
4.48
4.46
4.46
4.46
3.87
3.86
3.87
3.88
2.99
2.99
3.02
3.02
3.15
3.15
3.15
3.15
2.88
2.88
2.89
2.89
2.99
2.99
3.00
3.00
3.18
3.18
3.18
3.18
3.53
3.53
3.53
3.53
4.20
4.20
4.19
4.20
4.57
4.56
4.55
4.55
4.26
4.25
4.25
4.24
4.41
4.40
4.40
4.40
4.61
4.60
4.60
4.59
4.99
4.97
4.96
4.95
4.40
4.40
4.40
4.39
4.86
4.85
4.84
4.83
4.45
4.42
3.88
3.89
3.88
3.86
3.85
3.08
3.14
3.13
3.11
3.11
3.17
3.21
3.22
3.22
3.22
2.89
2.92
2.93
2.94
2.94
3.03
3.07
3.10
3.10
3.10
3.20
3.26
3.27
3.27
3.27
3.54
3.57
3.57
3.57
3.57
4.19
4.20
4.20
4.20
4.20
4.54
4.54
4.52
4.52
4.52
4.25
4.26
4.25
4.24
4.23
4.39
4.39
4.38
4.37
4.38
4.57
4.56
4.55
4.54
4.53
4.94
4.93
4.92
4.92
4.93
4.39
4.39
4.40
4.40
4.40
4.80
4.79
4.77
4.76
4.75
Nov. 4
11
18
25
3.95
3.96
4.00
3.98
3.41
3.39
3.42
3.46
3.53
3.53
3.56
3.59
3.24
3.24
3.26
3.29
3.38
3.38
3.41
3.44
3.58
3.58
3.64
3.65
3.93
3.93
3.95
3.96
4.40
4.38
4.38
4.39
4.71
4.70
4.70
4.69
4.40
4.39
4.39
4.39
Dec. 2
9
16
23
30
4.01
4.05
4.06
4.06
4.07
3.50
3.52
3.53
3.48
3.44
3.61
3.63
3.64
3.62
3.62
3.31
3.32
3.33
3.32
3.31
3.48
3.50
3.52
3.51
3.51
3.65
3.65
3.65
3.62
3.61
4.01
4.03
4.04
4.04
4.04
4.38
4.39
4.42
4.42
4.44
4.69
4.69
4.71
4.72
4.72
4.38
4.39
4.42
4.44
4.44
4.54
4.56
4.57
4.57
1962—Jan. 6
13
20
27
4.06
4.08
4.08
4.08
3.39
3.32
3.34
3.30
3.59
3.57
3.54
3.50
3.26
3.22
3.19
3.17
3.48
3.46
3.44
3.39
3.59
3.56
3.51
3.48
4.04
4.04
4.00
3.96
4.40
4.38
4.39
4.38
4.71
4.70
Feb. 3
10
17
24
4.10
4.09
4.08
4.12
3.25
3.26
3.26
3.30
3.44
3.40
3.35
3.39
3.12
3.09
3.04
3.08
3.31
3.28
3.25
3.28
3.43
3.41
3.35
3.39
3.88
3.83
3.78
3.81
4.39
4.40
4.41
4.39
Mar. 3
10
17
24
31
4.08
4.06
4.02
3.97
3.96
3.30
3.23
3.18
3.18
3.18
3.39
3.32
3.26
3.26
3.25
3.08
3.03
3.00
3.00
3.01
3.28
3.19
3.15
3.16
3.15
3.40
3.33
3.28
3.28
3.26
3.81
3.71
3.59
3.61
3.60
4.38
4.36
4.36
4.37
4.34
Apr. 7
14,
21
28
3.90
3.89
3.88
3.90
3.14
3.11
3.06
3.01
3.24
3.24
3.21
3.17
3.01
3.01
2.97
2.93
3.14
3.13
3.11
3.07
3.23
3.23
3.21
3.15
3.57
3.57
3.55
3.52
May 5
3.87
3.85
3.87
3.90
3.01
3.02
3.07
3.15
3.16
3.17
3.18
3.24
2.92
2.93
2.94
3.00
3.06
3.06
3.07
3.11
3.15
3.15
3.18
3.25
June 2
9
16
23
30.
3.89
3.88
3.87
3.90
3.95
3.21
3.23
3.24
3.24
3.24
3.27
3.30
3.31
3.29
3.32
3.04
3.05
3.06
3.05
3.08
3.14
3.15
3.16
3.15
3.19
July 7
14
21
28
3.99
4.03
4.03
4.02
3.27
3.29
3.31
3.33
3.35
3.36
3.36
3.39
3.09
3.09
3.09
3.11
Au,4
18.
25
4.03
4.00
3.98
3.94
3.38
3.37
3.31
3.26
3.42
3.44
3.41
3.33
Sept. 1
8
15
22
29
3.94
3.96
3.95
3.94
3.93
3.22
3.22
3.19
3.16
3.14
Oct. 6
13
20
27
3.90
3.90
3.88
3.89
Nov. 3
10
17
24
Dec. 1
8
15
22
29
19
26
T
'
T
T
4.42
4.40
4.40
11.
BOND YIELDS, BY TYPE OF SECURITY — Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]
Corporate bonds
Government bonds
Moody's
State and local
Week ending—
United
States
(longterm)
Moody's
Standard
and
Poor's
AAA
Standard
and
Poor's
Total
Aaa
Aa
A
Baa
3.87
3 87
3.87
3.91
3.11
3.08
3.09
3.15
3.22
3.22
3.20
3.21
2.94
2.94
2.94
2.95
3.10
3.10
3.04
3.07
3.26
3.26
3.25
3.25
3.57
3.57
3.55
3.55
4.19
4.18
4.17
4.17
3.90
3.92
3 91
3.92
3.19
3.20
3 18
3.17
3.23
3.23
3 23
3.23
2.97
2.98
2.98
2.98
3.10
3.10
3 10
3.10
3.27
3.27
3.27
3.27
3.57
3 94
3.92
3.93
3.94
3.95
3.17
3.17
3.10
3.07
3.08
3 25
3.25
3.23
3.18
3.19
3.02
3.02
2.98
2.93
2.93
3.12
3.12
3.09
3.06
3.06
3.29
3.28
3.27
3.19
3.21
3.95
3.96
3.99
3.98
3.08
3.11
3.13
3.13
3.20
3.20
3.21
3.23
2.94
2.95
2.99
3.00
3.06
3.06
3.07
3.09
3.98
3 97
3.96
3.97
3.13
3.12
3.14
3.15
3.23
3 23
3.19
3.20
3.01
3 01
2.97
2.97
3.99
4.00
3 99
4.00
4.00
3.20
3.24
3.26
3.29
3.27
3.22
3.29
3 30
3.32
3.32
4.02
4 03
4.02
4 00
3.28
3.33
3.33
3.29
3.99
3.99
3.99
3 99
3.99
Sept. 7 .
14
21
28
Oct
1963—Jan. 5
12
19
26
Feb. 2
9
16
23
.
.
Mar 2
9
16
23
30
Apr. 6
13
20
27
May 4
11
18
25
June 1
8
15
22
29
July 6
13
20
27
Aug. 3
10
17
24
31
5
12
19
26
By rating
By group
Total
Aaa
Aa
A
Baa
Industrial
Railroad
Public
utility
4.51
4.50
4.49
4.49
4.22
4.21
4.20
4.21
4.37
4.37
4.36
4.36
4.51
4.49
4.46
T
4.93
4.92
4.91
4.91
4.40
4 39
4.37
4.73
4 73
4 72
4 71
4.39
4 38
4 38
4 37
4.16
4.17
4.16
4.16
4.48
4.48
4.48
4.47
4.21
4.19
4.36
4.36
4.35
4.35
1
4.90
4.90
4.90
4.88
1
4
4
4
4
4
4
4
4
3.57
3.55
3.55
4.16
4.17
4.16
4.16
4.17
4.47
4.47
4.47
4.47
4.46
4.19
4.35
4.34
4.35
4.35
4.32
4.46
4.45
4.45
4.45
4.45
4.88
4.88
4.88
4.87
4.88
4 37
4.38
4.38
4.37
4.38
4 66
4 65
4.65
4.66
4 64
4 37
4 37
4.38
4.37
4 37
3.23
3.23
3.24
3.26
3.55
3.55
3.55
3.56
4.18
4.19
4.21
4.21
4.47
4.47
4.47
4.48
4.20
4.20
4.21
4.22
4.33
4.33
4.35
4.36
4.46
4.87
4.87
4.87
4.87
4.38
4.39
4.40
4.41
4.64
4 63
4.63
4.64
4.38
4 38
4.39
4.39
3.09
3 09
3.08
3.08
3.26
3.26
3.21
3.22
3.56
3.56
3.52
3.52
4.21
4.22
4.21
4.22
4.48
4.48
4.47
4.47
4.22
4.22
4.21
4.22
t
4.41
4 40
4.63
4 63
4.63
4.63
4.40
4 39
i
4.87
4.86
4.86
4.85
3.00
3.06
3.08
3.10
3.10
3.11
3.16
3.17
3.22
3.22
3.27
3.32
3.33
3.34
3.34
3.55
3.60
3.62
3.63
3.63
4.22
4.23
4.23
4.21
4.21
4.48
4.47
4.47
4.47
4.47
4.23
4.23
4.23
4.22
4.22
i
4.36
4.35
4.46
4.45
4.45
4.45
4.45
4.84
4.84
4.83
4.84
4.84
3.30
3.32
3.31
3 29
3.08
3.11
3.11
3.10
3.19
3.21
3.20
3 17
3.31
3.32
3.32
3.30
3.60
3.62
3.61
3.57
4.21
4.24
4.27
4.26
4.48
4.48
4.49
4.50
4.23
4.24
4.27
4.29
4.37
4.38
4.39
4.39
4.46
4.46
4.47
4.47
3.24
3.22
3.22
3.22
3.22
3.27
3.27
3.28
3 30
3.29
3.08
3.08
3.08
3.11
3.09
3.15
3.15
3.15
3.18
3.17
3.28
3.28
3.30
3.32
3.32
3.57
3.57
3.59
3.59
3.58
4.26
4.26
4.26
4.26
4.27
T
T
4.40
4.50
4.29
4.03
4.05
4.05
4.04
3.22
3.26
3.30
3.30
3.30
3.31
3.32
3.33
3.12
3.12
3.13
3.15
3.18
3.20
3.21
3.22
3.32
3.32
3.34
3.34
3.58
3.58
3.58
3.59
4.30
4.30
4.31
4.31
4.51
4.51
4.52
4.52
4.30
4.31
4.32
4.32
4 04
4.06
4 07
4.07
3.30
3.28
3.31
3.35
3.33
3.31
3.31
3.34
3.15
3.14
3.14
3.16
3.22
3.21
3.21
3.24
3.34
3.32
3.32
3.34
3.59
3.58
3.58
3.60
4.30
4.31
4.31
4.31
4.52
4.53
4.52
4.53
4.32
4.31
4.31
4.32
T
i
1
t
1
1
T
T
70
70
68
68
38
37
37
37
T
4^9
4.40
4.63
4.62
4 61
4.61
4.63
4.85
4.84
4.84
4.84
4.41
4.41
4.43
4.44
4.62
4 62
4.62
4 62
4.40
4 41
4.42
4 42
1
4.47
4.48
4.48
4.48
4.48
4.84
4.83
4.83
4.83
4.83
4.45
4.45
4.44
4.44
4.45
4.63
4.64
4.63
4.63
4.63
4.42
4.42
4.43
4.42
4.42
4.40
4.41
4.42
4.43
4.49
4.49
4.50
4.51
4.84
4.84
4.84
4.84
4.45
4.46
4.64
4.64
4.65
4.65
4.44
4.45
4.45
4.45
4.43
4.43
4.43
4.44
4.51
4.51
4.51
4.52
4.83
4.84
4.84
4.83
4.65
4.67
4.67
4.66
4.44
4.44
4.45
T
1
T
1
4.46
4.47
4.40
4.40
AAA
Nov. 2
9
16
23
30
4.09
4.12
4.10
4.10
4.10
3.35
3.37
3.42
3.42
3.42
3.34
3.35
3.37
3.37
3.36
3.16
3.16
3.18
3.18
3.17
3.24
3.25
3.27
3.27
3.26
3.35
3.36
3.39
3.40
3.39
3.60
3.61
3.62
3.62
3.62
4.30
4.30
4.32
4.31
4.31
4.53
4.53
4.54
4.54
4.54
4.32
4.33
4.33
4.33
4.33
4.43
4.44
4.44
4.44
4.44
4.52
4.53
4.54
4.54
4.54
4.83
4.83
4.83
4.85
4.84
4.47
4.48
4.47
4.48
4.48
4.66
4.67
4.68
4.68
4.67
4.45
4.45
4.45
4.46
4.46
Dec. 7
14
21
28
4.12
4.12
4.15
4.16
3 42
3.34
3.32
3.32
3.34
3.34
3.32
3.31
3 14
3.12
3.11
3.11
3.25
3.25
3.22
3.22
3.38
3.37
3.35
3.32
3.61
3.61
3.62
3.60
4.33
4.33
4.35
4.36
4.54
4.54
4.55
4.57
4.33
4.34
4.36
4.37
4.44
4.45
4.46
4.49
4.53
4.53
4.55
4.57
4.84
4.85
4.85
4.85
4.48
4.47
4.48
4.50
4.67
4.67
4.69
4.70
4.47
4.49
4.50
4.51
-4
12. BOND PRICES, BY TYPE OF SECURITY, 1941-63
[Price per $100 bond]
Period
U.S.
Govt.
(longterm)
Standard and
Poor's
State
and
local
govt.
Corporate
1941
1942
1943
1944
109.5
100.7
100.5
100.2
130.9
126.2
131.8
135.7
117.7
117.4
118.3
118.7
1945
1946
1947
1948
1949
102.0
104.8
103.8
100.8
102.7
139.6
140.1
132.8
125.3
128.9
121.6
123.4
122.1
118.3
121.0
1950
1951
1952
1953
1954
102.5
98.4
97.3
99.1
107.0
133.4
133.0
129.3
119.7
125.8
121.9
117.7
115.8
112.1
117.2
1955
1956
1957
1958
1959
102.4
98.9
93.2
94.0
85.5
123.1
116.3
105.8
106.4
100.7
114.4
109.1
101.3
102.9
95.0
1960
1961
1962
1963
86.2
87.6
86.9
86.3
103.9
107.8
112.1
111.3
94.7
95.2
96.2
96.8
1941—Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
108.5
107.1
108.5
109.2
109.7
110.1
110.5
110.1
109.9
110.5
103.2
100.5
129.8
127.8
127.6
128.9
130.2
131.4
132.3
132.8
133.0
134.5
134.9
128.1
117.2
116.9
116.8
116.3
116.9
117.3
117.9
118.3
118.5
118.9
119.1
117.7
1942—Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
100.4
100.4
100.8
101.1
100.9
101.2
100.8
100.6
100.8
100.8
100.6
100.2
126.7
122.6
122.2
124.5
124.5
125.7
126.7
127.6
128.1
128.6
129.0
127.8
117.4
117.3
117.0
117.4
117.3
117.2
117.5
117.5
117.5
117.5
117.5
117.3
1943_Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
100.7
100.6
100.4
100.4
100.7
100.8
100.8
100.5
100.4
100.4
100.2
100.2
127.7
128.6
128.7
129.1
130.4
131.5
133.4
134.6
134.4
135.2
134.9
132.8
117.6
118.0
117.8
117.9
118.1
118.4
118.8
118.9
118.8
118.7
118.3
117.7
1944—Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
100.2
100.1
100.3
100.3
100.2
100.2
100.2
100.4
100.4
100.3
100.3
100.3
134.4
135.8
136.0
135.8
135.6
135.5
136.1
136.5
136.2
135.5
135.2
135.5
118.2
118.2
118.3
118.6
118.8
118.6
118.6
118.7
119.0
119.0
119.0
119.4
Month
U.S.
Govt.
(longterm)
Standard and
Poor's
State
and
local
govt.
Month
Corporate
1945_j a n..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
101.0
101.8
101.6
101.7
101.7
102.4
102.5
102.2
102.0
102.4
102.6
102.7
136.6
138.7
140.7
141.6
141.3
141.5
141.6
138.8
137.0
137.7
139.0
140.1
120.8
121.5
122.0
122.0
121.9
121.6
121.7
121.5
121.3
121.4
121.6
121.8
1951—Jan..
Feb.
Mar.
1946—Jan..
Feb.
Mar.
Apr..
May
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec.
104.6
106.0
106.5
106.6
104.8
105.3
104.9
104.1
103.2
103.6
103.7
103.9
141.6
143.4
143.4
144.1
142.1
142.0
140.9
140.0
137.8
136.0
136.8
133.4
1947_jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug..
Sept.
Oct..
Nov.,
Dec.
104.3
104.4
104.6
104.6
104.5
104.1
103.8
103.9
104.0
103.4
102.1
101.6
1948—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.
U.S.
Govt.
(longterm)
Standard and
Poor's
State
and
local
govt.
May!
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
101.6
101.4
100.3
98.9
97.9
97.6
97.6
98.9
99.1
98.2
97.5
96.8
140.5
140.8
135.5
131.9
131.1
128.6
129.4
132.1
132.0
131.3
131.6
130.9
123.2
124.2
124.6
124.6
123.7
124.1
123.8
123.4
122.6
122.1
122.1
121.8
1952—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec.
96.3
96.8
96.9
98.0
98.9
98.3
98.4
97.1
96.9
96.4
97.0
96.4
130.8
132.1
131.4
132.7
131.9
130.9
130.4
128.6
126.6
125.0
125.4
125.3
134.4
133.1
132.5
133.2
133.9
134.4
134.7
134.3
134.4
132.5
129.4
126.2
122.8
122.9
122.9
123.3
123.4
123.1
123.1
123.2
122.5
120.6
119.3
117.8
1953—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.
95.7
95.3
94.3
100.4
98.2
98.1
99.4
99.3
99.1
102.0
102.1
103.2
124.0
122.8
121.6
121.5
119.4
115.1
115.1
116.9
116.9
119.7
121.4
122.3
100.7
100.7
100.8
100.8
101.2
101.2
100.8
100.7
100.7
100.7
100.8
100.9
124.5
122.6
123.1
125.7
127.1
127.8
126.6
124 A
124.0
124.5
125.0
127.8
118.1
118.0
118.3
118.9
119.1
119.3
118.5
117.6
117.7
117.6
117.6
118.5
1954—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.
104.8
105.9
107.3
108.2
107.2
107.0
108.3
108.2
107.5
107.2
106.7
106.4
123.6
125.4
125.6
123.9
123.6
123.9
126.9
128.4
127.2
126.9
127.4
126.6
1949—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.
101.2
101.5
101.7
101.6
101.6
101.7
103.3
103.6
103.9
103.9
104.2
104.4
129.9
128.6
128.8
129.1
129.1
127.5
127.9
129.1
128.6
128.8
129.6
130.3
119.8
120.0
120.1
120.2
120.3
120.2
120.9
121.6
122.1
121.9
122.2
122.6
1955—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec.
104.9
103.5
103.4
102.7
102.9
102.7
101.4
100.8
101.2
102.0
101.7
101.4
125.4
124.9
124.4
124.9
125.1
123.9
121.4
120.5
121.3
122.5
122.7
119.8
1950—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.
104.2
103.6
103.2
102.9
102.7
102.4
102.2
102.3
101.9
101.6
101.7
101.5
131.4
131.7
131.5
131.3
131.5
131.1
131.1
134.8
135.2
136.4
137.0
137.4
122.7
122.7
122.7
122.5
122.1
122.0
121.5
122.1
121.7
121.2
121.0
121.1
1956—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.
101.8
102.3
101.1
99.0
100.4
101.1
100.0
97.5
96.9
97.1
95.6
94.2
121.0
122.2
120.3
116.9
117.3
119.2
118.6
116.0
113.8
112.8
109.0
108.1
98
12. BOND PRICES, BY TYPE OF SECURITY, 1941-63 — Continued
[Price per $100 bond]
Standard and
Poor's
Standard and
Poor's
Month
U.S.
Govt.
(longterm)
U.S.
Govt.
(longterm)
Month
State
and
local
govt.
Corporate
9.51
96.8
96.2
95.4
94.2
91.8
91.5
91.1
90.7
89.8
91.9
95.6
108.6
110.9
110.0
109.8
106.9
103.5
103.5
101.2
101.3
102.9
103.4
107.5
102.8
104.2
104.4
104.3
103.2
101.0
100.0
98.3
98.0
98.2
98.3
102.7
M*ay!
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
96.5
96.2
96.3
98.2
97.9
97.2
94.8
91.5
89.5
89.4
90.1
88.9
110.0
109.1
107.9
110.0
111.4
110.8
108.0
103.7
100.6
100.9
102.3
102.3
105.9
105.7
105.0
105.3
105.5
105.5
104.2
102.0
98.9
98.6
98.8
98.7
1959—Jan..
Feb..
Mar.
Apr.,
87.5
87.4
87.4
86.2
101.8
102.2
103.4
102.2
98.1
98.0
98.2
97.0
1957_Jan..
Feb..
Mar.
M*ay
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
1958—Jan..
Feb..
Mar.
Standard and
Poor's
Month
State
and
local
govt.
Corporate
1959—May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
85.3
85.2
85.0
85.1
83.2
85.0
84.8
83.0
100.4
99.4
99.4
100.6
98.3
100.2
100.9
99.3
81.8
83.6
85.3
84.2
84.4
86.5
88.1
88.9
88.6
87.5
87.2
87.8
98.3
100.4
101.9
102.3
102.2
103.1
103.9
106.7
106.7
105.9
107.7
108.0
87.7
88.7
89.1
88.8
89.7
87.8
87.6
86.3
108.1
109.7
108.9
108.1
109.0
106.8
106.7
106.5
Corporate
106.6
107.7
108.1
107.3
93.9
94.6
94.9
94.5
85.3
85.2
86.2
87.7
87.9
87.6
86.1
86.6
87.0
87.7
88.0
88.0
109.9
110.5
111.9
113.7
113.5
111.2
110.2
110.1
112.1
114.4
114.5
113.0
94.9
94.8
95.3
96.0
96.6
96.3
95.9
95.7
96.3
97.3
97.4
97.3
1963—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.,
Dec.
95.6
96.3
97.0
96.4
96.0
95.0
94.5
93.9
86.1
86.6
86.5
85.6
1962—Jan..
Feb..
Mar.
Apr.,
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
92.0
92.8
93.9
94.2
94.1
94.2
94.8
96.4
96.8
96.0
95.5
95.1
1961—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug..
State
and
local
govt.
1961—Sept.
Oct..
Nov.
Dec.
87.8
87.3
87.2
86.6
86.7
86.4
86.2
86.4
85.8
85.5
85.0
84.6
113.0
112.1
113.3
113.1
112.6
110.7
110.3
111.4
110.7
109.9
108.5
109.5
97.6
97.8
97.8
97.4
97.1
97.1
96.7
96.5
95.9
95.9
95.9
95.4
95.0
94.0
93.8
94.3
93.0
92.8
92.9
92.4
I960—Jan..
Feb.,
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct.*
Nov.
Dec.
U.S.
Govt.
(longterm)
13. BASIC YIELDS OF CORPORATE BONDS, BY TERM TO MATURITY, 1941-63
[Per cent per annum]
Years to maturity
Year
....
1945
1946
1947
1948
1949
5
10
15
20
25
30
0.41
.81
1.17
i 1.08
1.21
1.50
1.71
1.58
1.88
2.16
2.16
2.20
2.28
2.47
2.45
2.54
2.50
2.61
2.61
2.60
2.61
2.64
2.65
2.60
2.65
2.65
2.65
2.60
1.02
1.86
1.05
1.60
1.60
1.53
1.32
1.65
2.03
1.92
2.14
i 1.88
1 2.08
2.53
2.32
2.45
2.26
2.30
2.66
2.54
2.55
2.35
2.40
2.73
2.62
2.55
2.40
2.46
2.77
2.68
2.55
2.43
2.50
2.80
2.74
i 1.42
i 2.05
12.73
12.62
2.40
1941
1942
1943
1944
i 1.90
i 2.22
12.73
12.75
2.52
2.30
2.39
2.73
2.88
2.66
2.40
2.51
2.81
2.97
2.78
2.48
2.59
2.88
3.05
2.88
2.54
2.63
2.94
3.11
2.95
2.58
2.67
3.00
3.15
3.00
2.60
2.70
i 3.50
13.21
3.67
2.70
2.78
i 3.50
i 3.25
3.80
2.80
2.86
3.50
3.33
4.03
2.88
2.93
3.50
3.40
4.10
2.95
2.99
i 3.50
3.47
4.10
3.00
3.04
3.60
3.54
4.10
3.04
3.09
3.68
3.61
4.10
4.95
3.10
3.50
3.25
4.75
3.75
3.97
3.77
4.60
4.00
4.28
3.98
4.55
4.06
4.37
4.05
4.55
4.12
4.40
4.10
4.55
4.16
4.41
4.14
4.55
4.22
4.42
4.16
1
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1
..
I960
1961
1962
1963
i More than usually subject to error.
99
14. STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION
A. ANNUALLY AND MONTHLY, 1900-63
[1941-43 = 10]
Common
Total
Industrial
Railroad
1900
1901
1902
1903
1904
6.15
7.84
8.42
7.21
7.05
3.38
4.00
3.92
3.20
2.92
18.62
25.01
28.37
24.71
24.61
24.22
27.82
28.25
24.48
24.19
1905
1906
1907
1908
1909
X
§
8.99
9.64
7.84
7.78
9.71
4.11
4.82
3.84
3.74
4.99
31.85
34.06
28.09
28.18
34.79
25.59
23.25
17.36
16.11
19.39
1911..
1912.
1910.,
1913.,
1914.,
9.35
9.24
9.53
8.51
8.08
5.02
4.82
5.18
4.56
4.50
32.90
32.43
32.83
29.48
27.39
19.08
20.00
20.92
18.92
18.14
111.2
111.4
111.7
106.7
107.9
1915.,
1916.,
1917.,
1918.,
1919.
8.31
9.47
8.50
7.54
8.78
5.22
6.62
6.15
5.57
7.13
26.38
28.35
24.89
22.40
22.94
18.65
20.26
18.24
14.70
14.79
108.0
113.1
109.1
104.4
110.9
1920.,
1921.,
1922.,
1923.,
1924.,
7.98
6.86
8.41
8.57
9.05
6.50
5.07
6.35
6.54
6.83
20.86
20.15
23.71
23.45
25.02
13.36
14.18
17.39
18.11
19.34
103.2
103.0
114.0
114.5
115.2
1925.,
1926.,
1927.,
1928.,
1929.
11.15
12.59
15.34
19.95
26.02
8.69
10.04
12.53
16.92
21.35
29.21
32.72
38.17
40.40
46.15
23.28
24.11
27.63
36.86
59.33
118.6
121.0
127.1
136.7
136.7
1930.
1931.
1932.
1933.
1934.
21.03
13.66
6.93
8.96
9.84
16.42
10.51
5.37
7.61
9.00
39.82
23.72
8.75
12.75
14.05
53.24
37.18
20.65
19.72
15.79
141.5
139.4
114.7
122.1
132.5
1935.
1936.
1937.
1938.
1939.
10.60
15.47
15.41
11.49
12.06
10.13
14.69
14.97
11.39
11.77
11.78
17.71
16.86
9.15
9.82
15.15
22.47
19.07
14.17
16.34
151.4
161.9
157.6
161.4
167.5
11.02
9.82
8.67
10.69
9.72
8.78
9.41
9.39
8.81
15.05
10.93
7.74
169.2
171.9
162.4
1940.
1941.
http://fraser.stlouisfed.org/
1942.
Federal Reserve Bank of St. Louis
Common
Common
PrePublic ferred
utility
Year
Total
Industrial
Railroad
PrePublic ferred
utility
1903—Jan.. .
Feb...
Mar..
Apr...
May..
June. .
July. .
Aug..,
Sept..
Oct.. .
Nov..
Dec,
8.46
8.41
8.08
7.75
7.60
7.18
6.85
6.63
6.47
6.26
6.28
6.57
3.82
3.93
3.81
3.64
3.52
3.30
3.01
2.88
2.74
2.56
2.49
2.64
28.96
28.48
27.18
26.00
25.58
24.20
23.55
22.86
22.54
22.05
22.15
23.00
27.88
27.71
27.08
26.24
25.93
24.63
23.24
22.57
21.81
21.37
22.15
23.18
1904—Jan...
Feb...
Mar..
Apr..,
May..
June.,
July. .
Aug..
Sept..
Oct.. ,
Nov..
Dec.
6.68
6.50
6.48
6.64
6.50
6.51
6.78
7.01
7.32
7.75
8.17
8.25
2.72
2.65
2.63
2.68
2.59
2.60
2.73
2.83
3.00
3.27
3.64
3.71
23.36
22.64
22.64
23.20
22.61
22.70
23.79
24.56
25.68
27.14
28.31
28.74
1905—Jan.. .
Feb..
Mar..
Apr..,
May.,
June.
July. .
Aug..
Sept..
Oct..
Nov..
Dec.
8.43
8.80
9.05
8.94
8.50
8.60
8.87
9.20
9.23
9.36
9.31
9.54
3.77
3.96
4.10
4.12
3.86
3.85
4.01
4.18
4.13
4.26
4.35
4.71
1906—Jan.. .
Feb...
Mar..
Apr...
May..
June.,
July. .
Aug..
Sept..
Oct.. ,
Nov..
Dec.
9.87
9.80
9.56
9.43
9.18
9.30
9.06
9.73
10.03
9.97
9.93
9.84
4.99
4.95
4.73
4.73
4.56
4.56
4.41
4.82
5.01
5.04
5.03
4.98
Month
Total
Industrial
Railroad
PrePublic ferred
utility
1912—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
9.12
9.04
9.30
9.59
9.56
9.58
9.59
9.81
9.86
9.84
9.73
9.38
4.70
4.60
4.84
5.16
5.17
5.28
5.30
5.44
5.54
5.57
5.44
5.13
32.06
31.78
32.40
33.18
32.91
32.79
32.79
33.60
33.60
33.40
33.18
32.26
20.24
20.45
21.02
21.12
21.04
21.02
21.18
21.29
21.18
21.04
20.95
20.47
110.6
110.5
111.6
112.3
112.4
112.6
112.2
112.8
112.9
112.7
110.7
109.6
23.47
22.88
22.93
23.39
23.45
23.28
23.66
24.40
24.92
25.80
26.24
25.91
1913—Jan..
Feb..
Mar.
Apr.,
May.
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec
9.30
8.97
8.80
8.79
8.55
8.12
8.23
8.45
8.53
8.26
8.05
8.04
5.07
4.81
4.70
'4.71
4.57
4.23
4.32
4.57
4.66
4.44
4.30
4.33
32.06
31.22
30.60
30.54
29.69
28.31
28.68
29,H
29.24
28.55
27.89
27.83
20.13
19.57
19.42
19.25
18.92
18.45
18.60
19.06
19.29
18.54
17.99
17.78
108.8
108.3
107.7
107.9
106.4
104.5
104.9
106.4
107.8
106.3
105.3
105.5
29.62
31.09
32.00
31.51
29.99
30.54
31.49
32.85
33.15
33.50
33.08
33.34
25.61
25.84
26.24
25.93
25.07
25.28
25.55
25.84
25.47
25.51
25.24
25.51
1914—Jan..
Feb.
Mar.
Apr.,
May,
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
8.37
8.48
8.32
8.12
8.17
8.13
7.68
4.59
4.73
4.70
4.54
4.57
4.55
4.27
28.68
28.90
28.12
27.44
27.64
27.46
26.06
18.37
18.60
18.60
18.29
18.39
18.29
17.38
107.5
108.9
108.6
108.1
108.6
108.5
107.5
7.35
4.08
24.83
17.22
105.7
34.35
34.22
33.60
33.11
32.26
32.89
32.26
34.71
35.75
35.40
35.26
34.94
25.72
25.22
24.21
23.51
23.28
23.14
22.25
22.63
22.40
22.36
22.19
22.11
1915—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct.
Nov.
Dec.
7.48
7.38
7.57
8.14
7.95
8.04
8.01
8.35
8.66
9.14
9.46
9.48
4.14
4.07
4.29
4.85
4.76
4.97
5.13
5.49
5.82
6.24
6.37
6.47
25.19
24.76
25.21
26.55
25.84
25.64
25.05
25.80
26.49
27.93
29.14
28.94
17.51
17.68
17.93
18.52
18.24
18.48
18.27
18.60
18.98
19.42
20.03
20.11
106.5
105.2
104.0
107.1
106.9
107.4
107.2
108.2
109.6
110.1
111.7
112.2
Month
N.Y.S.E. closed
1943
1944
11.50
12.47
11.49
12.34
11.81
13.47
11.34
12.81
172 7
175.8
1945.,
1946.,
1947.,
1948.,
1949.
15.16
17.08
15.17
15.53
15.23
14.72
16.48
14.85
15.34
15.00
18.21
19.09
14.02
15.27
12.83
16.84
20.76
18.01
16.77
17.87
189.1
198.5
184.7
168.6
176.4
1950.
1951.
1952.,
1953.
1954.
18.40
22.34
24.50
24.73
29.69
18.33
22.68
24.78
24.84
30.25
15.53
19.91
22.49
22.60
23.96
19.96
20.59
22.86
24.03
27.57
181.7
170.4
169.7
164.0
174.5
1955.
1956.
1957.
1958.
1959.
40.49
46.62
44.38
46.24
57.38
42.40
49.80
47.63
49.36
61.45
32.94
33.65
28.11
27.05
35.09
31.37
32.25
32.19
37.22
44.15
174.8
165.3
151.4
157.4
149.5
1960.
1961.
1962.
1963.
55.85
66.27
62.38
69.87
59.43
69.99
65.54
73.39
30.31
32.83
30.56
37.58
46.86
60.20
59.16
64.99
147.4
150.2
155.6
163.0
1900—Jan...
Feb...
Mar..
Apr...
May .
June..
July..
Aug..
Sept..
Oct...
Nov..
Dec...
6.10
6.21
6.26
6.34
6.04
5.86
5.86
5.94
5.80
6.01
6.48
6.87
3.51
3.59
3.51
3.50
3.23
3.07
3.13
3.21
3.13
3.26
3.61
3.75
18.01
18.40
18.85
19.19
18.44
17.98
17.88
18.04
17.75
18.34
19.58
21.01
1901—Jan...
Feb...
Mar..
Apr...
May..
June..
July. .
Aug..
Sept..
Oct...
Nov..
Dec...
7.07
7.25
7.51
8.14
7.73
8.50
7.93
8.04
8.00
7.91
8.08
7.95
3.75
3.81
3.95
4.27
3.92
4.45
4.17
4.14
4.05
3.89
3.88
3.75
1902—Jan...
Feb...
Mar..
Apr...
May..
June..
July..
Aug..
Sept..
Oct...
Nov..
Dec...
8.12
8.19
8.20
8.48
8.46
8.41
8.60
8.83
8.85
8.57
8.24
8.05
3.91
3.96
3.96
4.07
4.01
3.91
3.93
4.02
4.04
3.92
3.72
3.58
1907—Jan.. .
Feb...
Mar..,
Apr...
May..
June..
July..
Aug...
Sept..
Oct.. .
Nov..
Dec...
9.56
9.26
8.35
8.39
8.10
7.84
8.14
7.53
7.45
6.64
6.25
6.57
4.89
4.78
4.30
4.23
4.06
3.94
4.12
.70
3.50
2.95
2.75
2.89
33.76
32.53
29.26
29.46
28.51
27.76
28.80
27.18
27.18
24.80
23.36
24.44
21.48
21.23
19.48
19.71
19.27
17.99
18.41
15.94
15.62
13.31
12.53
13.35
1916—Jan
Feb
Mar
Apr
May....
June....
July
Aug
Sept
Oct
Nov
Dec
9.33
9.20
9.17
9.07
9.27
9.36
9.23
9.30
9.68
9.98
10.21
9.80
6.40
6.36
6.35
6.24
6.35
6.35
6.21
6.37
6.90
7.17
7.61
7.07
28.45
27.80
27.64
27.44
28.19
28.64
28.35
28.12
28.58
29.30
29.10
28.55
19.92
19.69
19.78
19.69
19.99
20.11
20.01
20.28
20.55
20.83
21.23
21.04
112.2
112.4
112.4
111.8
112.6
112.5
112.1
113.1
114.0
114.6
115.0
114.0
1908—Jan.. .
Feb...
Mar..
Apr...
May..
June..
July. .
Aug..,
Sept..
Oct.. .
Nov..
Dec...
6.85
6.60
6.87
7.24
7.63
7.64
7.92
8.26
8.17
8.27
8.83
9.03
3.08
2.98
3.23
3.43
3.61
3.61
3.85
4.16
3.99
4.07
4.43
4.43
25.35
24.40
25.11
26.30
27.80
27.86
28.61
29.59
29.39
29.71
31.58
32.43
13.96
13.44
14.02
15.16
15.79
15.77
16.33
17.07
17.24
17.26
18.27
18.96
1917—Jan
Feb
Mar
Apr
May....
June....
July
Aug
Sept
Oct
Nov
Dec
9.57
9.03
9.31
9.17
8.86
9.04
8.79
8.53
8.12
7.68
7.04
6.80
6.80
6.37
6.71
6.56
6.55
6.75
6.52
6.28
5.91
5.54
4.99
4.85
27.99
26.52
26.85
26.55
25.48
25.80
25.48
25.11
24.04
23.00
21.27
20.55
20.83
19.86
20.43
20.41
19.57
19.57
18.52
17.53
17.05
16.06
14.91
14.11
114.0
113.1
112.7
112.0
110.2
110.5
110.4
110.0
108.2
105.7
102.5
100.1
25.26
24.94
24.40
24.69
24.02
23.45
23.24
23.35
22.57
23.33
25.32
26.10
1909—Jan.. .
Feb..,
Mar..
Apr..,
May.
June.,
July. .
Aug..
Sept..
Oct..
Nov..
Dec.
9.06
8.80
8.92
9.32
9.63
9.80
9.94
10.18
10.19
10.23
10.18
10.30
4.41
4.19
4.19
4.49
4.80
4.98
5.09
5.32
5.41
5.56
5.69
5.74
32.85
32.20
32.69
33.93
34.68
35.16
35.75
36.41
36.25
36.15
35.46
35.95
18.37
17.66
18.18
18.92
19.57
19.69
19.59
19.86
20.01
19.95
20.30
20.53
1918—Jan
Feb
Mar
Apr
May
June....
July
Aug
Sept
Oct
Nov
Dec
7.21
7.43
7.28
7.21
7.44
7.45
7.51
7.58
7.54
7.86
8.06
7.90
5.25
5.46
5.31
5.32
5.53
5.54
5.62
5.66
5.57
5.79
5.91
5.84
21.46
21.79
21.77
21.22
21.94
22.03
22.05
22.58
22.69
23.41
24.27
23.57
14.89
15.22
14.76
14.51
14.38
14.34
14.05
13.94
14.30
15.31
15.64
15.01
102.3
104.2
104.3
103.9
104.0
103.5
104.0
104.5
104.3
105.3
105.9
107.0
21.99
22.70
23.49
25.58
24.60
26.95
24.83
25.45
25.61
25.74
26.79
26.39
25.97
26.10
27.21
28.87
27.76
29.20
28.49
28.72
28.32
27.52
27.88
27.84
1910—Jan..
Feb..
Mar.
Apr.,
May,
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.
10.08
9.72
9.96
9.72
9.56
9.10
8.64
8.85
8.91
9.32
9.31
9.05
5.61
5.23
5.43
5.24
5.11
4.81
4.53
4.69
4.71
5.00
5.08
4.83
35.30
34.19
35.00
34.29
33.83
32.20
30.60
31.25
31.39
32.69
32.40
31.61
20.01
19.63
19.92
19.29
18.96
18.52
17.82
18.18
18.75
19.34
19.36
19.21
114.6
112.9
114.7
113.2
112.1
110.3
108.0
108.2
109.1
110.6
110.9
109.7
1919—Jan
Feb
Mar
Apr
May....
June
July
Aug
Sept
Oct
Nov
Dec
7.85
7.88
8.12
8.39
8.97
9.21
9.51
8.87
9.01
9.47
9.19
8.92
5.93
5.95
6.21
6.57
7.10
7.44
7.85
7.36
7.55
8.10
7.86
7.67
22.84
22.84
23.05
23.12
24.56
24.34
24.33
22.35
22.27
22.54
21.98
21.01
14.68
14.80
15.07
14.99
15.39
15.56
15.37
14.78
14.61
14.44
14.11
13.73
109.2
109.8
110.7
111.2
111.4
112.6
112.6
111.4
111.4
111.1
109.8
109.1
26.81
27.01
27.05
28.09
28.19
28.31
29.36
30.24
30.28
29.30
28.19
27.64
28.01
28.26
28.49
29.31
28.89
28.53
28.15
28.62
28.64
27.67
27.27
27.10
1911—Jan..
Feb.,
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
9.27
9.43
9.32
9.28
9.48
9.67
9.63
9.17
8.67
8.72
9.07
9.11
4.91
5.06
4.96
4.92
5.05
5.13
5.10
4.80
4.39
4.30
4.53
4.68
32.43
32.85
32.49
32.46
33.01
33.80
33.76
32.24
30.64
31.09
32.26
32.14
19.82
20.11
20.13
19.95
20.45
20.68
20.41
19.63
19.25
19.57
20.09
19.92
111.1
113.1
112.7
112.1
113.4
113.5
112.6
110.8
109.2
108.8
109.8
110.1
1920—Jan
Feb
Mar
Apr
May....
June....
July
Aug
Sept
Oct
Nov
Dec
8.83
8.10
8.67
8.60
8.06
7.92
7.91
7.60
7.87
7.88
7.48
6.81
7.56
6.75
7.31
7.33
6.78
6.64
6.56
6.06
6.23
6.05
5.65
5.08
20.88
19.97
21.33
20.58
19.72
19.58
20.01
20.67
21.86
23.02
22.30
20.43
13.75
13.46
13.73
13.54
13.08
12.97
12.89
13.00
13.29
13.84
13.73
13.04
109.1
106.7
106.9
106.0
102.5
102.0
101.4
100.6
100.9
101.9
101.1
99.3
14. STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION — Continued
A. ANNUALLY AND MONTHLY, 1900-63 — Continued
[1941-43 = 10]
Common
Common
Total
Industrial
Railroad
PrePublic ferred
utility
1921—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
7.11
7.06
6.88
6.91
7.12
6.55
6.53
6.45
6.61
6.70
7.06
7.31
5.35
5.31
5.17
5.23
5.40
4.83
4.72
4.57
4.72
4.86
5.23
5.50
20.97
20.77
19.94
19.32
20.18
19.19
19.73
20.06
20.44
20.07
20.48
20.61
13.39
13.48
13.75
14.26
14.34
13.98
13.98
14.07
14.23
14.42
14.93
15.28
102.6
104.1
103.6
103.1
102.7
101.4
101.7
100.5
101.4
102.4
105.2
107.2
1922—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
7.30
7.46
7.74
8.21
8.53
8.45
8.51
8.83
9.06
9.26
8.80
8.78
5.46
5.57
5.78
6.20
6.52
6.46
6.43
6.59
6.82
7.03
6.67
6.72
20.67
21.22
22.03
23.17
23.64
23.27
24.17
25.51
25.85
26.20
24.70
24.04
15.60
16.00
16.57
17.01
17.34
17.22
17.32
18.08
18.58
18.60
18.22
18.12
1923—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
8.90
9.28
9.43
9.10
8.67
8.34
8.06
8.10
8.15
8.03
8.27
8.55
6.87
7.22
7.40
7.08
6.64
6.25
6.02
6.07
6.11
5.99
6.24
6.60
24.01
24.98
24.93
24.25
23.71
23.57
22.72
22.51
22.62
22.42
22.83
22.79
1924—Jan
Feb
Mar
8.83
8.87
8.70
8.50
8.47
8.63
9.03
9.34
9.25
9.13
9.64
10.16
6.84
6.87
6.67
6.42
6.35
6.45
6.77
7.05
6.73
6.95
7.22
7.66
23.23
23.43
23.29
23.50
23.70
24.24
25.52
26.21
25.85
25.48
27.28
28.56
Month
May'.'.'.'.'.'.
June
July
Aug
Sept
Oct
Nov
http://fraser.stlouisfed.org/
Dec
Federal Reserve Bank of St. Louis
Common
Total
Industrial
Railroad
PrePublic ferred
utility
1930—j an ..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept.,
Oct..
Nov.,
Pec.
21.71
23.07
23.94
25.46
23.94
21.52
21.06
20.79
20.78
17.92
16.62
15.51
17.13
18.06
18.73
19.93
18.60
16.68
16.41
16.33
16.21
13.84
12.97
12.17
42.81
44.96
44.98
44.69
42.62
40.11
40.12
38.98
39.07
35.58
33.31
30.58
52.25
57.56
60.80
66.53
63.28
56.00
53.45
51.90
52.70
45.66
40.83
37.92
138.4
138.9
141.2
141.3
141.4
141.6
141.5
142 A
143.9
144.5
142.9
140.2
109.8
110.9
112.1
111.9
113.2
113.6
114.4
115.4
116.4
117.6
117.1
116.1
1931—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec.
15.98
17.20
17.53
15.86
14.33
13.87
14.33
13.90
11.83
10.25
10.39
8.44
12.34
13.27
13.45
12.18
10.97
10.56
10.95
10.72
9.15
7.91
8.09
6.54
32.73
34.11
31.70
28.74
25.43
24.60
24.65
21.72
18.10
16.46
15.06
11.33
40.03
43.90
47.31
42.61
39.11
38.44
39.84
39.12
33.32
28.57
29.33
24.63
18.14
18.64
18.66
18.37
18.06
17.85
17.64
17.87
18.08
17.82
17.99
18.16
116.4
117.0
116.3
114.2
114.2
113.7
113.8
114.0
113.6
113.4
113.8
113.4
1932—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
8.30
8.23
8.26
6.28
5.51
4.77
5.01
7.53
8.26
7.12
7.05
6.82
6.39
6.33
6.35
4.83
4.27
3.80
4.00
5.94
6.39
5.49
5.45
5.18
11.92
11.40
10.70
7.49
5.74
4.90
5.28
9.38
11.41
9.25
8.92
8.62
18.73
18.79
18.62
18.41
18.45
18.81
19.21
19.63
19.92
19.86
20.41
21.23
114.1
114.9
114.2
113.3
113.7
114.6
115.5
116.5
116.0
116.0
116.9
117.1
1933—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
7.09
6.25
6.23
6.89
8.87
10.39
11.23
10.67
10.58
9.55
9.78
9.97
5.35
4.74
4.93
5.75
7.41
8.61
9.40
9.15
9.37
8.49
8.92
9.16
9.36
8.84
8.87
9.05
12.39
14.59
17.26
16.54
15.88
13.22
13.18
13.77
Month
Total
Industrial
Railroad
PrePublic ferred
utility
1939—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
12.50
12.40
12.39
10.83
11.23
11.43
11.71
11.54
12.77
12.90
12.67
12.37
12.30
12.12
12.09
10.56
10.91
11.11
11.37
11.15
12.56
12.60
12.35
12.06
10.25
9.93
10.18
8.40
8.78
8.91
9.13
8.84
10.65
11.44
10.95
10.37
16.05
16.81
16.77
14.97
15.79
16.06
16.55
16.92
16.18
16.64
16.76
16.52
170.1
176.0
169.4
168.3
169.1
170.7
172.8
172.0
156.1
156.9
165.3
169.0
141.0
143.0
144.1
145.0
145.0
143.9
144.1
144.7
141.1
130.3
129.0
122.0
1940_jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
12.30
12.22
12.15
12.27
10.58
9.67
9.99
10.20
10.63
10.73
10.98
10.53
11.95
11.87
11.84
11.94
10.28
9.34
9.55
9.79
10.26
10.39
10.73
10.34
10.20
10.12
10.08
10.23
8.65
8.03
8.61
8.79
9.43
9.61
9.86
9.29
16.97
16.85
16.34
16.57
14.56
13.70
14.88
14.74
14.68
14.42
13.88
12.97
172.2
171.0
169.6
170.5
166.5
159.9
166.1
167.0
168.6
170.8
171.6
F76.2
24.10
24.28
24.88
19.25
17.23
13.95
14.48
21.65
24.13
21.36
21.14
21.37
119.6
119.9
120.9
110.7
106.6
101.8
104.3
115.0
119.7
119.6
119.3
118.9
1941—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
10.55
9.89
9.95
9.64
9.43
9.76
10.26
10.21
10.24
9.83
9.37
8.76
10.30
9.64
9.73
9.43
9.27
9.66
10.19
10.14
10.21
9.81
9.41
8.86
9.74
9.28
9.40
9.50
9.40
9.38
9.82
9.92
9.61
9.36
9.09
8.16
13.25
12.40
12.19
11.48
10.72
10.82
11.06
10.91
10.74
10.16
9.14
8.28
177.9
172.9
171.5
170.8
168.9
168.9
173.1
174.3
173.4
172.1
170.5
168.7
22.21
18.91
16.91
16.64
20.82
24.96
25.24
21.81
19.20
17.72
16.34
15.83
121.8
120.6
115.3
114.5
117.8
123.3
126.6
127.3
128.1
126.3
121.9
121.1
1942—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
8.93
8.65
8.18
7.84
7.93
8.33
8.64
8.59
8.68
9.32
9.47
9.52
8.95
8.67
8.24
7.93
8.01
8.47
8.82
8.76
8.84
9.45
9.56
9.68
9.18
9.16
8.58
8.11
8.06
7.86
8.44
8.73
8.92
9.71
9.70
9.23
8.54
8.18
7.44
6.94
7.18
7.49
7.39
7.24
7.34
8.12
8.60
8.42
166.3
165.1
159.8
154.8
156.3
159.2
162.0
164.0
164.0
165.5
165.4
166.9
Month
,
,
1925—Jan..
Feb..
Mar.
Apr.,
May.
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.
10.58
10.67
10.39
10.28
10.61
10.80
11.10
11.25
11.51
11.89
12.26
12.46
8.13
8.25
7.95
7.91
8.16
8.36
8.66
8.75
9.02
9.41
9.79
9.87
28.90
28.96
28.32
27.65
28.13
28.15
28.50
29.32
29.71
29.83
30.80
32.19
21.52
21.62
21.77
21.88
22.97
23.41
23.85
23.91
24.14
24.67
24.84
24.80
117.4
118.0
116.0
117.6
118.7
119.0
119.6
118.8
119.2
119.3
120.1
119.8
1934—Jan..
Feb..
Mar.
Apr..
May.
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.
10.54
11.32
10.74
10.92
9.81
9.94
9.47
9.10
8.88
8.95
9.20
9.26
9.56
10.11
9.63
9.86
8.88
8.96
8.60
8.41
8.22
8.31
8.70
8.81
15.26
17.01
16.23
16.53
14.65
14.84
13.67
12.10
11.89
12.06
12.06
12.29
17.56
19.86
18.43
18.08
16.27
16.72
15.56
14.34
13.75
13.70
12.87
12.30
123.6
128.2
129.7
131.4
132.6
133.6
135.6
135.2
132.7
131.6
135.7
140.5
1943_jan..
Feb.,
Mar.
Apr.,
May,
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.
10.09
10.69
11.07
11.44
11.89
12.10
12.35
11.74
11.99
11.88
11.33
11.48
10.22
10.81
11.13
11.44
11.87
12.14
12.29
11.66
11.91
11.78
11.25
11.42
9.88
10.35
11.48
12.35
12.88
12.53
12.89
12.01
12.22
12.29
11.43
11.44
9.22
9.66
10.35
10.95
11.35
11.52
12.40
12,03
12.38
12.31
11.76
11.80
168.0
170.8
171.5
171.5
172.1
173.8
175.9
176.4
175.9
175.1
172.6
169.1
1926—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
12.65
12.67
11.81
11.48
11.56
12.11
12.62
13.12
13.32
13.02
13.19
13.49
10.04
10.10
9.38
9.06
9.12
9.59
10.06
10.52
10.67
10.46
10.58
10.84
32.15
31.67
31.10
30.76
31.07
32.18
32.74
33.73
34.63
33.63
34.09
34.83
25.32
25.24
22.69
22.24
22.37
23.38
24.26
24.74
25.02
24.22
24.74
25.04
120.0
120.6
120.1
120.6
121.4
121.3
121.2
121.9
120.5
120.2
121.1
123.6
1935—Jan..
Feb..
Mar.
Apr.,
May
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec,
9.26
8.98
8.41
9.04
9.75
10.12
10.65
11.37
11.61
11.92
13.04
13.04
8.88
8.72
8.19
8.67
9.40
9.64
10.14
10.71
11.01
11.39
12.43
12.38
11.94
11.08
9.78
10.32
10.78
11.33
11.75
12.40
12.65
11.94
13.23
14.18
11.90
10.86
10.36
12.41
13.21
14.65
15.60
17.88
17.56
17.89
19.85
19.64
142.8
144.5
145.6
149.2
153.5
153.8
153.9
154.4
153.5
152.6
154.6
157.9
1944—Jan..
Feb.
Mar.
Apr.,
May
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.
11.85
11.77
12.10
11.89
12.10
12.67
13.00
12.81
12.60
12.91
12.82
13.10
11.78
11.63
11.95
11.75
11.98
12.58
12.90
12.67
12.47
12.76
12.67
12.90
12.20
12.83
13.22
13.03
13.15
13.48
13.96
13.65
13.18
13.77
13.97
15.25
12.10
12.18
12.49
12.25
12.30
12.75
13.10
13.37
13.17
13.46
13.25
13.29
171.2
172.7
173.4
173.8
173.2
175.8
177.6
176.9
177.4
177.4
178.5
180.9
1927—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
13.40
13.66
13.87
14.21
14.70
14.89
15.22
16.03
16.94
16.68
17.06
17.46
10.74
10.96
11.16
11.42
11.85
12.01
12.38
13.18
14.08
13.80
14.20
14.61
35.00
36.18
36.30
37.21
37.99
38.15
38.66
39.58
39.73
39.35
39.63
40.22
24.87
24.83
25.27
25.99
27.03
27.53
27.35
28.21
29.91
29.89
30.16
30.51
124.0
125.0
125.6
126.4
127.6
127.2
126.7
127.6
128.5
128.5
128.8
129.7
1936—Jan..
Feb..
Mar.
Apr.,
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
13.76
14.55
14.86
14.88
14.09
14.69
15.56
15.87
16.05
16.89
17.36
17.06
12.96
13.71
14.12
14.20
13.44
13.93
14.66
14.96
15.17
16.04
16.69
16.41
15.38
17.13
16.79
16.55
15.62
16.43
17.88
18.64
19.17
20.36
19.87
18.74
21.31
21.98
21.73
21.37
20.22
21.79
23.59
23.76
23.45
23.84
23.29
23.29
159.2
160.8
162.6
162.7
161.4
161.7
162.4
163.1
162.1
161.4
160.9
164.5
1945_j a r i ..
Feb.,
Mar.
Apr.,
May,
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
13.49
13.94
13.93
14.28
14.82
15.09
14.78
14.83
15.84
16.50
17.04
17.33
13.23
13.63
13.63
13.94
14.44
14.58
14.23
14.39
15.43
16.03
16.41
16.73
16.11
16.50
16.52
17.18
17.90
19.16
18.51
17.46
18.38
19.31
20.53
20.95
13.91
14.78
14.75
15.31
16.03
16.85
17.17
16.83
17.58
18.65
20.11
20.05
183.3
185.5
187.7
196.9
191.2
190.9
189.6
188.1
186.7
188.0
192.2
195.3
1928—Jan.,
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
17.53
17.32
18.25
19.40
20.00
19.02
19.16
19.78
21.17
21.60
23.06
23.15
14.68
14.43
15.34
16.35
16.74
15.96
16.18
16.80
18.11
18.70
19.94
19.75
39.50
38.64
39.84
41.08
41.84
39.72
39.21
39.62
40.64
40.22
42.08
42.36
31.10
31.81
32.78
35.31
38.07
35.84
35.78
36.60
39.17
38.81
42.14
44.86
131.4
133.6
137.0
141.7
141.1
138.6
137.3
136.7
135.9
134.1
136.5
137.0
1937—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
17.59
18.11
18.09
17.01
16.25
15.64
16.57
16.74
14.37
12.28
11.20
11.02
16.87
17.51
17.52
16.45
15.74
15.26
16.18
16.45
14.12
12.04
10.82
10.68
19.25
19.91
21.20
20.32
19.84
18.31
18.12
17.43
14.43
12.01
10.84
10.68
24.34
23.43
22.13
20.62
19.15
17.94
19.69
19.46
17.08
15.10
15.25
14.68
167.6
166.5
159.0
154.8
153.1
155.3
155.2
157.1
156.6
155.2
153.8
156.5
1946—Jan..
Feb.
Mar.
MPay
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
18.02
18.07
17.53
18.66
18.70
18.58
18.05
17.70
15.09
14.75
14.69
15.13
17.34
17.38
16.85
18.02
18.04
17.85
17.42
17.12
14.65
14.35
14.20
14.58
21.83
21.68
20.52
20.84
20.81
21.63
20.55
19.60
15.80
14.77
15.26
15.84
21.34
21.59
21.42
22.60
22.75
22.80
21.74
21.32
18.20
17.92
18.32
19.17
197.9
200.5
203.1
204.9
201.9
202.4
204.1
203.4
196.2
191.6
189.3
186.2
1929—Jan.,
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct.,
Nov.
Dec.
24.86
24.99
25.43
25.28
25.66
26.15
28.48
30.10
31.30
27.99
20.58
21.40
21.22
21.12
21.68
21.62
21.70
21.55
22.95
23.89
24.68
22.26
16.44
17.03
44.19
44.55
43.90
43.02
43.29
45.18
50.31
51.69
52.76
49.38
42.58
42.93
49.00
51.21
51.32
50.68
54.24
60.11
69.98
77.02
82.12
69.89
46.52
49.82
138.1
137.5
137.6
137.3
136.6
135.8
136.3
135.4
136.1
136.1
135.1
138.3
1938—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct.,
Nov.
Dec.
11.31
11.04
10.31
9.89
9.98
10.21
12.24
12.31
11.75
13.06
13.07
12.69
11.10
10.89
10.22
9.81
9.78
10.07
12.12
12.29
11.81
12.98
12.96
12.63
10.29
9.87
8.47
7.52
7.55
7.44
9.70
9.62
8.64
10.27
10.37
10.05
14.30
13.46
12.68
12.44
13.50
13.48
15.24
14.45
13.49
15.86
16.02
15.13
157.2
158.2
156.0
154.3
157.2
158.8
160.9
163.6
165.5
166.9
169.7
168.9
1947_Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct.
Nov.
Dec.
15.21
15.80
15.16
14.60
14.34
14.84
15.77
15.46
15.06
15.45
15.27
15.03
14.69
15.31
14.73
14.23
14.02
14.58
15.48
15.15
14.76
15.19
15.15
14.93
15.33
15.93
14.58
13.52
12.71
13.04
14.55
14.07
13.65
13.92
13.33
13.66
19.21
19.50
18.72
18.00
17.48
17.62
18.38
18.28
17.96
17.98
16.86
16.09
187.3
189.0
188.1
186.5
186.2
186.2
188.4
188.7
188.3
181.2
174.5
172.1
14.
STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION — Continued
A. ANNUALLY AND MONTHLY, 1900-63 — Continued
[1941-43 = 10]
Common
Common
Total
Industrial
Railroad
PrePublic ferred
utility
14.83
14.10
14.30
15.40
16.15
16.82
16.42
15.94
15.76
16.19
15.29
15.19
14.60
13.88
14.07
15.19
15.92
16.65
16.21
15.74
15.53
16.02
15.16
15.11
14.26
13.62
13.91
15.30
16.43
16.67
16.56
15.94
15.94
16.05
14.52
14.09
16.53
15.82
16.02
16.65
17.42
17.85
17.55
17.04
17.02
17.16
16.29
15.93
169.5
167.5
170.1
169.9
171.1
173.4
170.8
166.9
166.5
163.8
166.2
168.7
Mar.
Apr.
•May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
15.36
14.77
14.91
14.89
14.78
13.97
14.76
15.29
15.49
15.89
16.11
16.54
15.23
14.57
14.72
14.66
14.51
13.69
14.55
15.04
15.20
15.62
15.86
16.29
14.12
13.16
12.96
12.92
12.70
11.72
12.01
12.53
12.63
12.93
12.84
13.40
16.54
16.71
16.99
17.31
17.52
16.95
17.44
18.23
18.75
19.06
19.25
19.69
171.4
173.2
172.2
172.2
173.2
176.1
176.6
179.5
182.1
180.3
179.8
180.6
1950—Jan..
Feb.
Mar.
Apr.
May,
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
16.88
17.21
17.35
17.84
18.44
18.74
17.38
18.43
19.08
19.87
19.83
19.75
16.56
16.90
17.03
17.58
18.27
18.68
17.31
18.47
19.18
20.06
20.05
19.92
14.31
14.34
14.42
14.54
14.60
14.24
14.74
16.06
16.70
17.06
16.96
18.33
20.20
20.55
20.92
21.00
21.23
20.94
18.90
18.95
19.18
19.46
19.27
18.87
182.8
182.4
183.8
183.5
183.1
182.0
178.5
181.9
181.7
180.5
180.7
179.9
1951—Jan..
Feb.,
Mar.
Apr.
May,
June
July.
Aug.
Sept.
Oct.,
Nov.
http://fraser.stlouisfed.org/
Dec.
21.21
22.00
21.63
21.92
21.93
21.55
21.93
22.89
23.48
23.36
22.71
23.41
21.38
22.22
21.84
22.24
22.29
21.88
22.31
23.35
23.98
23.80
23.09
23.83
20.38
21.36
19.99
19.92
19.66
18.85
18.71
19.56
20.43
20.57
19.33
20.16
20.01
20.34
20.50
20.16
20.08
20.05
20.39
20.80
21.03
21.10
21.08
21.48
180.9
180.9
174.9
170.4
168.9
167.9
166.7
169.4
168.5
167.0
165.4
163.7
Month
H-
g
1948—Jan..
Feb..
Mar.
Apr.,
May.
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.
1949—j a n - ,
Feb.,
Federal Reserve Bank of St. Louis
Common
Total
Industrial
Railroad
PrePublic ferred
utility
1953—Oct..
Nov.
Dec,
23.97
24.50
24.83
23.96
24.51
24.85
20.90
21.18
20.88
24.22
24.70
25.17
167.3
168.8
166.5
1954_jan..
Feb.,
Mar.
Apr.,
May,
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
25.46
26.02
26.57
27.63
28.73
28.96
30.13
30.73
31.45
32.18
33.44
34.97
25.55
26.12
26.72
27.97
29.21
29.43
30.64
31.26
32.20
33.17
34.56
36.14
21.19
22.12
22.02
21.82
23.05
23.43
24.43
24.76
24.40
24.76
26.35
29.13
25.51
25.90
26.39
26.75
27.06
27.28
28.21
28.82
28.74
28.19
28.62
29.41
168.7
171.8
173.3
174.3
173.8
172.9
173.3
174.7
175.8
178.1
178.9
178.3
1955—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct.,
Nov.
Dec.
35.60
36.79
36.50
37.76
37.60
39.78
42.69
42.43
44.34
42.11
44.95
45.37
36.79
38.06
37.65
39.04
38.88
41.45
44.94
44.56
46.88
44.52
47.78
48.25
29.74
30.89
31.66
33.46
33.48
34.45
34.08
33.22
34.11
31.93
33.83
34.43
29.89
30.71
30.72
31.08
30.87
31.26
31.98
32.55
32.54
31.07
31.83
31.91
175.8
175.0
174.6
176.0
175.6
175.7
176.7
174.4
172.7
173.5
174.7
172.9
1956—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct.
Nov.
Dec.
44.15
44.43
47.49
48.05
46.54
46.27
48.78
48.49
46.84
46.24
45.76
46.44
46.88
47.13
50.59
51.38
49.64
49.38
52.27
51.89
50.15
49.52
48.92
49.79
33.11
33.21
35.24
36.12
35.83
34.22
34.63
33.72
31.98
32.22
31.73
31.75
31.55
32.07
33.21
32.50
31.81
31.93
33.01
33.39
32.29
31.67
31.82
31.70
173.9
175.7
174.5
168.7
166.0
167.8
168.2
165.1
159.6
158.5
153.7
151.4
1957—Jan..
Feb.
Mar.
Apr.,
May
June,
July.
Aug.
45.43
43.47
44.03
45.05
46.78
47.55
48.51
45.84
48.43
46.10
46.86
48.06
50.10
51.30
52.54
49.51
31.36
29.59
29.37
29.78
30.42
30.11
31.20
29.52
32.32
32.29
32.45
33.03
34.03
33.35
32.93
31.89
155.1
156.7
157.2
156.8
154.6
149.5
147.3
145.1
Month
Total
Industrial
Railroad
PrePublic ferred
utility
1959—May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec.
57.96
57.46
59.74
59.40
57.05
57.00
57.23
59.06
62.09
61.75
64.23
63.74
61.21
61.04
61.46
63.56
36.07
36.02
36.86
35.56
33.78
34.32
32.80
33.57
44.30
42.58
44.21
45.15
43.59
44.11
43.71
44.31
149.7
146.0
147.2
149.0
146.0
145.6
145.6
144.3
I960—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec.
58.03
55.78
55.02
55.73
55.22
57.26
55.84
56.51
54.81
53.73
55.47
56.80
62.27
59.60
58.71
59.46
58.84
61.06
59.25
59.96
57.96
56.90
58.89
60.22
33.68
32.54
31.01
30.59
30.18
30.81
30.19
30.19
28.76
27.77
28.93
29.03
44.50
44.38
44.60
45.53
45.75
47.35
48.02
48.65
48.64
47.34
47.83
49.78
143.8
145.3
147.1
148.6
147.3
147.7
149.0
152.0
149.2
147.5
146.3
144.8
1961—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
59.72
62.17
64.12
65.83
66.50
65.62
65.38
67.79
67.26
68.00
71.08
71.74
63.20
65.71
67.83
69.64
70.34
69.48
69.09
71.69
70.89
71.42
74.72
75.81
31.43
32.17
32.93
32.35
33.08
32.41
31.78
32.76
33.02
34.53
34.30
33.21
52.73
55.64
57.06
59.09
59.59
58.43
59.36
61.19
62.19
64.15
67.19
65.77
148.0
149.8
150.2
150.1
151.0
150.2
149.4
149.3
149.3
151.7
152.7
151.0
1962—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
69.07
70.22
70.29
68.05
62.99
55.63
56.97
58.52
58.00
56.17
60.04
62.64
72.99
74.22
74.22
71.64
66.32
58.32
59.61
61.29
60.67
58.66
62.90
65.59
33.77
34.23
33.45
32.31
30.71
28.05
28.29
28.09
27.68
27.40
30.47
32.24
62.69
63.70
64.51
63.86
58.84
53.32
55.51
56.96
56.96
55.63
57.69
60.24
152.6
155.0
156.2
157.2
157.3
155.0
152.7
154.0
155.7
155.8
157.4
158.2
1963—Jan..
Feb..
Mar.
65.06
65.92
65.67
68.00
68.91
68.71
34.06
34.59
34.60
63.35
64.07
63.35
161.3
164.1
165.0
Month
1952—Jan..
Feb.,
Mar.
Apr.,
May,
June
July.
Aug.
Sept.
Oct.,
Nov.
Dec.
24.19
23.75
23.81
23.74
23.73
24.38
25.08
25.18
24.78
24.26
25.03
26.04
24.61
24.05
24.04
23.96
23.94
24.66
25.49
25.53
25.06
24.48
25.24
26.29
20.93
20.78
21.68
22.05
22.14
23.08
23.30
23.36
22.71
22.30
22.96
24.59
22.22
22.39
22.56
22.39
22.38
22.51
22.60
23.06
23.15
22.93
23.79
24.32
164.2
165.9
168.2
172.2
173.4
173.3
171.1
169.9
170.2
168.3
169.8
170.3
1953—Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
26.18
25.86
25.99
24.71
24.84
23.95
24.29
24.39
23.27
26.45
26.07
26.18
24.84
25.01
24.12
24.41
24.44
23.26
24.67
24.14
24.49
22.89
23.18
22.56
23.12
22.59
20.64
24.41
24.50
24.68
23.86
23.69
22.65
23.24
23.89
23.39
168.4
166.3
165.7
161.7
160.0
156.8
160.1
163.1
162.8
1957—Sept.
Oct..
Nov.
Dec,
43.98
41.24
40.35
40.33
47.52
44.43
43.41
43.29
27.17
24.78
22.63
21.39
31.09
30.39
30.68
31.79
146.2
145.9
146.5
156.0
1958—Jan..
Feb.,
Mar.
Apr.,
May,
June
July.
Aug.
Sept.
Oct.,
Nov.
Dec.
41.12
41.26
42.11
42.34
43.70
44.75
45.98
47.70
48.96
50.95
52.50
53.49
43.98
44.01
44.97
45.09
46.51
47.62
48.96
51.00
52.40
54.55
56.11
57.09
22.69
23.00
22.60
23.20
24.74
25.54
26.86
28.43
29.51
31.23
33.07
33.70
33.30
34.12
34.57
35.54
36.57
37.31
37.82
37.50
37.97
39.15
40.75
42.05
160.7
159.9
158.3
160.4
162.4
163.5
160.5
157.5
153.0
150.8
150.7
151.1
1959_jan..
Feb.
Mar.
Apr.
55.62
54.77
56.15
57.10
59.30
58.33
59.79
60.92
35.53
35.20
35.47
35.94
43.96
43.71
45.06
45.12
154.4
155.1
156.3
155.0
1963—Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec,
68.76
70.14
70.11
69.07
70.98
72.85
73.03
72.62
74.17
72.17
73.60
73.61
72.45
74.43
76.63
77.09
76.69
78.38
36.25
38.37
39.34
38.75
39.22
39.00
38.31
38.60
39.92
64.64
65.52
64.87
64.47
66.57
67.09
65.55
64.81
65.64
162.4
163.3
163.2
161.4
162.7
162.9
164.5
163.6
162.1
14.
STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION — Continued
B.
WEEKLY, 1934-63
[1941.43 = 10]
Common
Common
Total
Industrial
Railroad
PrePublic ferred
utility
1934—j an . 6
13
20
27
9.92
10.02
10.75
9.19
9.12
9.11
9.66
9.95
13.79
14.19
15.85
16.27
15.71
16.50
18.39
18.68
121.3
122.6
123.9
124.3
Feb 3
10
17
24
11.36
11.49
11.43
11.25
10.24
10.20
10.20
10.06
16.96
17.21
17.22
16.99
19.31
20.67
20.16
19.49
125.9
126.8
127.7
128.9
Mar. 3
10
17
24
31
10.85
10.80
10.87
10.57
10.59
9.74
9.70
9.71
9.47
9.50
16.20
16.24
16.55
16.04
15.97
18.60
18.35
18.74
18.27
18 19
129.2
129.4
129 A
130.1
129.9
Apr. 7
p
H;
21
28
10.87
10.97
11.01
10.89
10.87
10.97
11.01
10.89
16.43
16.71
16.70
16.43
18.10
18.03
18.24
18.07
May 5
12
19
26
10.32
9.73
9.65
9.69
10.32
9.73
9.65
9.69
15.51
14.41
14.43
14.47
June 2
9
16
23
30
9.59
9.84
10.19
10.04
9.87
9.59
9.84
10.19
10.04
9.87
July 7
14
21
28
9.79
9.93
9.65
8.81
Aug 4
11
18
25
Week ending—
Common
Total.
Industrial
Railroad
PrePublic ferred
utility
1936—Jan. 4
11
18..
25
13.43
13.65
13 73
13.74
12.75
12.88
12.92
12.94
14.50
15.09
15.39
15.43
20.30
21.04
21 38
21.37
159.1
159.1
158 7
159.5
Feb 1.
8
15
22
29
14.14
14.38
14.64
14.73
14.55
13.28
13.53
13.74
13.92
13.74
16.17
16.51
16.98
17.74
17.50
22.05
22 14
22.67
21.65
21.49
159.5
160 6
160.2
160.9
161.3
Mar 7.
14
21
28
14 98
14.57
14.90
14 97
14 18
13.85
14.19
14 26
17.52
16.62
16.58
16 60
22 10
21.29
21.72
21 89
130.9
130.9
131.4
132.3
Apr. 4
11 .
18
25
15.15
15 44
15.18
14.57
14.46
14 71
14.46
13.91
16.80
14 43
17.10
16.03
17.01
15 96
16.17
16.18
131.8
131 8
133.1
133.1
14.31
14.66
15.15
15.02
14.80
16.04
16.31
16.98
17.07
16.82
133.1
133.6
133.1
133.4
134.4
May 2
9
16
23
30
13.81
13 98
14 09
14.05
14.36
13.20
13 37
13.49
13.38
13.64
June 6
13
20
27
14.26
14.57
14.86
15.03
8.83
9.00
8.79
8.06
14.46
14.63
13.94
12.34
16.59
16.44
15.67
14.24
134.6
135.7
135.9
136.2
July 4
11..
18
25
8.82
8.87
9.08
9.33
8.11
8.20
8.43
8.63
11.98
11.65
11.85
12.55
14.22
14.15
14.14
14.55
135.7
136.2
135.7
133.6
AUK
Sent 1
8..:::.:::
15
22
29
9.24
9.02
8.65
8.73
9.08
8.54
8.35
8.03
8.12
8.39
12.47
12.15
11.50
12.47
12.25
14.50
13.98
13.34
13.33
14.29
Oct 6
13
20
27
8.89
9.02
9.06
8 95
8.21
8.36
8.42
8 ^1
11.99
12.13
12.21
12 06
13.90
13.88
13.76
13.52
. . .
Total
Industrial
Railroad
PrePublic ferred
utility
10 51
11 13
11 82
11.53
10.85
10 23
10 88
11 59
11.35
10.68
9 92
10 18
10 93
10.46
9.71
13 83
14.50
15 02
14.30
13.54
156 6
157.3
157 3
157.0
157.3
Feb 5
12
19
26
10 66
10 87
11.02
11.54
10 49
10 73
10.88
11.40
9 48
9 69
9.90
10.37
13 26
13.27
13.37
13.92
158 4
158.4
158.0
158.0
162 4
162 1
162.8
162 8
Mar 5
12
19
26
13 63
13 19
12 95
12 16
11 14
10 65
10 52
9 73
10 14
9 20
8 56
7 45
13 63
13 19
12.95
12 16
157
156
156
155
21.81
22 29
21.84
20.86
162.1
162 8
163.2
162.8
15.17
15 42
15.58
15.59
16.08
19.72
19 79
19 87
20.40
21.13
162.4
162 1
160 9
161.3
161.3
Apr 2
9
16
23
30
8.88
9 51
10 18
10.26
9.92
8.79
9 40
10 14
10 21
9.80
7 02
7 53
7 72
7 56
7.47
11.31
12 14
12 45
12.70
12.74
154 5
153 5
153 9
154.5
155.2
May 7
14
21
28
10 04
10 42
10 50
9.52
9 89
10 20
9 83
9.33
7 58
8 02
7 57
7.14
13 19
14 24
13 73
12.97
155 6
157 3
158 4
157.3
13.54
13.81
14.06
14.26
16.07
16.27
16.57
16.74
20.91
21.64
22.18
22.24
161.3
161.7
161.7
162.1
June 4
11
18
25
9.49
9.78
9 65
10.83
9 30
9.63
9 51
10.70
6 99
7.02
6 81
7 98
13 01
13.18
13 00
13 92
160 6
157.3
157 7
158 4
14.91
15.09
15.63
15.88
14.13
14.24
14.70
14.95
16.63
16.98
18.18
18.47
22.11
22.90
23.80
24.11
162.1
162.8
162.8
161.7
18.62
18.71
18.91
18.37
18.54
24.26
24.11
24.06
23.44
23.36
162.4
162.8
163.2
163.6
162.8
11.52
11.85
11 82
12.45
12 41
8.56
9.44
9 31
10.18
9 94
14.72
15.37
15 03
15.46
15 06
159.8
160.6
160 2
161.3
161 3
6.
134.6
133.6
133.1
132.1
131.8
15.05
15.02
15.12
14.80
14.89
11.64
12.01
11 95
12.57
12 48
15
22.
29
16.10
15.96
16.05
15.69
15.77
July 2
9
16
23
30.
20
27
12.47
12.31
12.14
12 47
12.43
12 28
12.12
12 47
9.78
9 70
9.40
9 76
14.80
14 51
14.27
14 48
162.4
162 4
163.6
164 3
Sept. 5
12
19
26
16.01
16.16
15.95
16.10
15.09
15.24
15.07
15.26
19.02
19.30
19.10
19.28
23.85
23.78
23.23
23.10
161.7
162.1
162.4
162.1
Sept. 3
10
17
24
12.08
12.16
11 50
11.64
12 10
12.21
11 57
11.69
9 24
9.20
8 38
8.45
13 97
13.91
13 12
13.39
165 5
166.7
165 1
165.5
130.6
130.9
131.8
131 4
Oct 3
10
17
24
31
16.18
16.77
16.97
17 11
17.03
15.33
15.91
16.12
16 27
16.18
19.28
20.22
20.82
20 59
20.36
23.32
23.81
23.74
23 99
24.04
162.1
162.1
161.3
161 3
160.9
Oct. 1
8
15
22
29
11.68
12.76
13.08
13 20
13.28
11.73
12.76
13.00
13 09
13.13
8.46
9 91
10.44
10 34
10.58
13.50
14.76
15.81
16 33
16.67
164.7
165 5
165.9
167 5
168.7
1
Week ending—
1938 Jan 1
8
15
22.
29
AUK
.
IS:::::::::
3
3
3
6
1934—Nov. 3
10
17
24
11.74
12.00
12 11
11.96
13.30
13.57
12 56
12.14
133.1
134.9
135 4
135.7
9.51
9.48
9 18
9.08
9.22
9.03
8 98
8 70
8 81
8.85
12.43
12 62
12 27
12 11
12.11
13.15
12.87
12 43
12.01
11.69
136.7
138 9
140 6
141 4
140.9
1935 Jan 5
12
19
26
9.52
9.39
9.13
9 21
9.16
8.99
8.74
8 84
12.34
12.36
11.78
11 78
12.00
12.02
11.85
11 87
141.4
142 0
142.0
144 1
Feb 2
9
16
23
9 05
8.94
9.03
9.09
8 69
8.64
8.76
8 88
11 35
11.09
11.12
11.30
11 72
11.20
10.93
10 41
Mar 2
9
16
23
30 .
8.78
8.53
8.29
8.34
8.43
8.57
8.36
8.03
8.10
8.13
10.62
10.05
9.51
9.70
9.54
Apr 6
13
20
27
8.61
8.91
9.15
9.39
8.27
8.56
8.80
8.98
May 4
11
18
25
-4
8.22
8 60
8 72
8.76
Dec 1
8
15
22
29
o
8.83
9 19
9 20
9.19
9.35
9.61
9.89
9.99
8
15
22
29
17.45
17.42
17.38
17.17
16.75
16.80
16 73
16.49
20.46
20.14
19 74
19.28
23.59
22.86
23.30
23.51
159.1
160.2
161.7
162 A
17.08
17.08
17 16
16.90
16.37
16.41
16 51
16.29
19.03
19.03
18 77
18.12
23.59
23.25
23.44
22.99
164.3
163.6
164 3
164.7
1937_j a n . 2
9
16
23
30
17.08
17.26
17.77
17.83
19 69
16.44
16.54
16.89
17.09
17 05
18.63
19.04
19.47
19.58
19 02
23.13
23.91
24.92
24.73
23.98
144 6
143.8
144.6
144.6
Feb 6
13
20
27
18.01
18.16
18.22
18.04
17.41
17.57
17.61
17.46
19.46
20.03
20.11
20.07
10.39
10.01
9.68
10.52
11.21
144.9
145.8
145.2
145.5
145.8
Mar 6
13.
20
27
18.44
18.47
17.94
17.57
17.89
17.89
17.34
16.99
9.82
10.28
10.34
10.75
11.79
12.13
12.44
13.15
147.1
148.0
149.9
151.9
Apr.. 3
10
17
24
17.71
17.16
17.19
17.09
8.97
9.25
9.55
9.69
10.54
10.56
10.97
10.91
12.83
13.21
13.26
13.11
152.2
153.9
153.5
154.5
May 1
15
22
29
9.73
9.87
10.13
10.29
10.27
9.32
9.41
9.21
9.78
9.73
10.84
10.90
11.21
11.69
11.47
13.66
14.26
14.11
15.03
15.32
153.2
152.5
153.5
154.9
154.2
July 6
13 .
20
27
10.37
10.58
10.62
10.80
9.81
10.07
10.14
10.32
11.39
11.55
11.75
11.98
15.79
15.66
15.28
15.43
Aug. 3
10
17 .
24
31
11.02
11.31
11.63
11.48
11.23
10.45
10 66
10.88
10.78
10.65
12.24
12 19
12.78
12.50
12.23
Sept 7
14
21
28 . .
11.48
11.81
11.57
11.54
10.85
11.18
10.98
10.98
Oct 5 .
12
19
26
11.37
11.60
11.90
12.34
Nov 2
9 .
16
23
30
Dec. 7
14 .
21
28
...
1936—Nov. 7
14
21
28
1938—Nov. 5
12
19
26
13.17
13.68
13.10
12.78
13.03
13.55
13.00
12.69
10.47
10.98
10.76
10.01
16.38
16.78
15.99
15.64
170.3
170.7
169.5
168.7
165.5
166.7
167.9
167.5
168.3
Dec. 3
10
17.
24
31
12.52
12.43
12.74
12.71
13.01
12.45
12.39
12.69
12.67
12.92
9.73
9.57
9.98
10.09
10.83
15.19
14.89
15.11
15.02
15.51
169.5
170.3
169.1
168.7
167.5
1939__jan. 7
14
21
28.
13.07
12.60
12.68
11.84
12.92
12.43
12.45
11.60
11.04
10.43
10.42
9.47
16.04
15.82
16.53
15.79
168.7
169.1
171.2
171.2
23.76
23.50
23.47
22.91
167.9
167.1
166.3
164.7
Feb 4
11
18
25
12.28
12.39
12.43
12.36
12.03
12.12
12.15
12.07
9.82
9.87
9.88
9.91
16.35
16.78
16.83
16.88
170.3
171.6
169.1
171.2
20.94
21.65
21.49
20 66
22.77
22.50
21.95
21.58
162.4
159.8
157.7
156.6
Mar. 4
11
18
25
12.75
12.97
12.56
11.98
12.42
12.73
12.26
12.71
10.65
10.89
10.25
9.70
17.36
17.52
16.96
16.18
161.9
169.5
161.9
170.3
17.17
16.61
16.62
16.51
20.95
20.31
20.48
20.60
21.30
20.82
20.92
20.62
158.4
155.9
155.2
154.5
16.24
16.63
16.01
16.06
16.29
15.68
16.06
15.49
15.58
15.84
19.63
20.27
19.68
19.79
19.55
19.74
20.04
18.95
18.57
18.88
153.5
153.2
152.5
152.5
154.2
Apr. 1
8
15
22
29
11.58
10.84
10.67
10.85
10.90
11.64
10.57
10.41
10.59
10.62
9.32
8.55
8.23
8.35
8.40
15.79
14.90
14.77
14.96
15.19
169.1
168.7
167.9
167.9
168.7
May 6
13
20
27
11.14
11.28
11.00
11.35
10.85
10.96
10.69
11.04
8.64
8.86
8.53
8.93
15.55
15.84
15.59
16.02
168.3
168.3
168.7
169.9
June 5
12
19
26
16.13
15.94
15.35
15.46
15.71
15.53
14.97
15.11
19.26
19.14
18.09
17.59
18.55
18.12
17.59
17.82
154.9
155.6
155.2
155.2
10
17
24
11.53
11.67
11.44
11.48
11.20
11.35
11.13
11.16
9.16
9.19
8.87
8.89
16.15
16.31
16.03
16.16
170.3
171.2
170.3
170.7
153.5
153.5
153.2
154.2
July 3
10
17
24
31
15.37
16.32
16.44
. .. 16.90
16.89
15.04
15.94
16.10
16.50
16.47
17.14
18.32
18.14
18.35
17.94
17.75
19.13
19.17
20.07
20.67
155.6
155.9
153.5
155.2
156.3
July 1
8
15
22
29
11.04
11.13
11.47
12.07
12.13
10.72
10.81
11.15
11.73
11.76
8.49
8.58
8.84
9.53
9.57
15.65
15.78
16.21
16.84
17.28
170.7
171.2
172.9
173.3
173.7
16.55
17.74
18.93
18.48
16.98
154.9
154 9
154.5
154.2
153.9
Aug 7
14
21
28
16.97
17 14
16.82
16.24
16.63
16 84
16.56
15.98
17.77
17 92
17 49
16.82
20.06
19 95
19.30
18.77
156.6
157.3
157.0
157.3
Aug. 5
12
19
26
12.04
11 71
11.57
11.08
11.66
11.30
11.16
10.71
9.41
9.04
8.87
8.40
17.48
17.29
17.14
16.25
172.9
173.3
173.3
172.4
12.61
12.96
12.65
12.42
17.63
17.55
17.38
17.22
153.2
154.2
153.5
153.2
Sept 4
11
18
25
15.70
14.78
14.53
13.71
15.43
14.15
14.29
13.44
16.04
14.55
14.35
13.90
18.38
17.20
17.30
16.48
157.0
157.0
155.9
156.3
16.85
17.38
17.67
18.64
152.5
152.2
152.2
152.9
16.40
15.79
14.71
14.40
14.99
156.6
156.0
156.3
154.2
153.5
16.04
15.88
16.14
16.30
16.57
11.74
11.68
11.93
12.23
13.84
12.94
11.64
11.39
11.57
8.43
9.85
10.80
10.85
11.73
10.87
11.09
11.40
11.80
13.48
12.78
11.79
11.26
11.80
11.04
12.47
12.88
12.66
12.68
Oct. 2
9
16.
23
30
11 34
12.62
13.05
12.88
12.97
167.9
161.7
157.0
152.5
153.2
13.73
13.03
12.02
11.51
12.04
Sept 2
9
16
23
30
Oct 7
14
21
28.
12.79
12.75
12.96
13.05
12.50
12.46
12.67
12.74
11.40
11.26
11.52
11.56
16.42
16.45
16.64
16.96
152.9
155.2
159.1
160.2
12 49
12.83
13.11
13.32
13.03
11 92
12.24
12.51
12.69
12.39
12 23
12.50
13.16
13.65
13.95
19 17
19.71
19.94
20.29
19.62
153 2
153.9
154.2
154.5
155.9
Nov 6
13
20
27
11 53
11.65
11.15
10.54
11 26
11.29
10.74
10.10
11 00
11.27
10.87
10.21
14 66
15.65
15.43
15.10
153 9
154.2
153.9
153.2
Nov 4
11
18
25
12 89
12.70
12.73
12.63
12 58
12.39
12.41
12.31
11.29
10.96
11.03
10.91
16.81
16.71
16.81
16.81
162.8
163.2
165.1
167.5
13.12
13.04
12.85
13.06
12.44
12.36
12 21
12.41
14.48
14.34
13 94
14.02
19.77
19.63
19.29
19.72
156.6
156.6
158 4
158.7
Dec. 4
11
18
25..
11.15
11.22
10.95
11.21
10.75
10.84
10.62
10.91
10.94
11.00
10.64
10 85
15.43
15.09
14.62
14.57
154.5
156.3
158.0
157.3
Dec. 2
9
16
23
30
12.35
12.36
12.33
12.40
12.41
12.03
12.68
12.02
12.10
12.11
10.53
10.48
10.37
10.28
10.31
16.59
16.59
16.44
16.49
16.58
167.9
168.3
168.7
170.3
168.7
Dec. 5
12
19
26..
...
...
...
14. STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION — Continued
B. WEEKLY, 1934-63 — Continued
[1941-43 = 10]
Common
Common
Total
Industrial
Railroad
PrePublic ferred
utility
12.69
12.40
12.13
12.15
12.34
12.04
11.78
11.79
10.68
10.32
9.96
10.04
17.24
17.06
16.82
16.86
171.6
172.0
172.4
172.4
Feb. 3
10
17
24
12.08
12.25
12.30
12 27
11.71
11.90
11.96
11 92
9.97
10.17
10.20
10 12
16.84
16.84
16.84
16 90
172.4
171.6
171.6
170 7
Mar. 2
9 .
16
23
30
12.12
12 19
12.18
12 10
12 14
11.78
11 89
11.87
11 80
11 82
10.06
10 21
10.07
9 95
10 08
16.64
16.23
16.38
16 32
16 75
169.9
170 3
169.9
168 7
169 5
Apr 6
13 .
20
27
12 41
12.41
12.13
12 15
12 08
12.09
11.81
11 84
10 43
10.33
10 05
10 13
16 85
16.74
16.44
16 33
May 4
11 .
18
25
June 1
8 .
15
22
29 .
12 11
11 99
10.33
9 29
11 79
11 68
10.04
9 00
10 05
8 28
8.34
7 44
9.26
9 22
9 66
9.97
9 91
8.95
8 93
9.39
9.63
9 49
Julv 6 .
9 90
9.95
10 02
9.96
Aug. 3
10
17
24
31...
Common
PrePublic ferred
utility
Industrial
Railroad
PrePublic ferred
utility
1944 Jan 1
8.
15
22
29
11.58
11.84
11.87
11.89
11.82
11.53
11.79
11.80
11.81
11.72
11.51
11 84
12.10
12.42
12.39
11.90
12 14
12.11
12.07
12 08
169.9
170 7
171.2
170.7
172 0
165.9
165.5
164 7
164.3
Feb 5
12.
19
26
11.74
11.68
11 80
11.85
11.62
11.56
11 65
11.67
12.44
12.54
13 01
13.21
12.10
12 04
12 21
12.36
172.0
172.4
173 3
172.9
7.75
7.41
7 42
7 27
163.6
160.2
158 0
157 3
Mar 4
11
18
25
11 88
12.06
12 27
12 17
11 71
11.93
12 13
12 02
12 99
13.02
13 38
13 44
12 40
12.46
12 58
12 56
172 9
172.9
173 7
173 7
8 25
8.36
8.03
7 95
7 13
7.13
6.95
6 80
156 6
154.9
155.6
154 5
7 70
7 91
7.98
8 06
8.20
8 03
8 15
8.05
7 99
8.01
6 82
7 16
7.15
7 20
7.29
152 5
153 5
155.6
157 7
158.4
Apr 1
8
15
22
29
12 02
12.00
12.00
11 79
11.78
11 87
11.86
11.84
11 65
11.64
13 18
13.14
13.25
12 89
12.83
12 40
12.34
12.39
12 15
12.13
173 7
173.7
174.6
173 7
173.3
May 6
13
20
27.
12 02
12.05
12 07
12.20
11 91
11.95
11 95
12.10
13 02
13.03
13 13
13.33
12 26
12.23
12 30
12.37
173.3
172.9
172 9
173.3
8 29
8.38
8.43
8 24
8 42
8.50
8.58
8 39
7 90
7 88
7.84
7 79
7 47
7 68
7.55
7 32
158 7
159.5
159.1
159 5
June 3
10
17
24
12 31
12.28
12.71
12 93
12 19
12 19
12.63
12 86
13 39
13.07
13.40
13 75
12 47
12.40
12.74
12 94
173 7
174.6
175.9
175.9
8 32
8.69
8 77
8.69
8 47
8.87
8 96
8.87
8 07
8 42
8 46
8.53
7 30
7.43
7.46
7.39
160 2
161.3
162 1
163.2
July 1
8.56
8.50
8 54
8.70
8 62
8.72
8.66
8 71
8.87
8 79
8.56
8.57
8 57
8.93
8 85
7.30
7.24
7 19
7.25
7 26
163.2
164.3
163 6
164 0
164 0
15
22
29
12 98
13.16
13 25
12.93
12.74
12 89
13 06
13 16
12.83
12.63
13 80
13.97
14 21
13.96
13.79
13 10
13.36
13 26
12.92
12.88
176.8
177.3
178.1
178.1
176.8
Aug. 5.
12
19
26
12.71
12 74
12.92
12 88
12.57
12 59
12.78
12 74
13.71
13.65
13.76
13.61
13.14
13.30
13.45
13 49
177.3
176.4
176.4
177.3
Seot 5
12:.:::::::
19
26
8 62
8.60
8 61
8.79
8 79
8.77
8 76
8.94
8 78
8.83
8 84
9.05
7 24
7.20
7 30
7.47
163 6
164.3
163 2
163 6
8 94
9.25
9 38
9.44
9.38
9 09
9.39
9 50
9.57
9.46
9 34
9.67
9 73
9.70
9.84
7 55
7 89
8 25
8.31
8.41
165 1
165.5
165 9
165.5
165.1
12 84
12.50
12 46
12.63
12.74
12 70
12.37
12 33
12 51
12.61
13.52
13.11
12 98
13.15
13.42
13.49
13.12
13.05
13.20
13.24
177.3
177.3
177.7
177.3
177.3
Oct 3
10.
17
24
31
Sept 2
9.
16
23.
30
Oct 7
14
21
28
12.90
12 97
13.02
12.79
12 78
12 84
12.87
12.63
13.67
13 77
13.88
13.75
13.34
13.48
13.64
13.44
177.3
177.3
177.7
177.3
Industrial
Railroad
8.73
8.94
8.97
8.87
8 91
8.82
8.97
8.99
8.90
8.93
8.37
8.94
9.21
9.31
9.42
8.24
8.67
8.64
8.43
8.43
166.7
165.9
166.3
166.7
166.3
Feb. 7
14
21..
28
8.90
8.65
8 52
8.54
8.92
8.67
8 53
8.56
9.43
9.06
9 02
9.10
8.41
8.21
8 08
8.01
Mar. 7
14
21
28
8.39
8.06
8 18
8 13
8 44
8.11
8 24
8 22
8 88
8.61
8 59
8 38
169 9
170.7
171 2
170 3
ADr 4 . .
8 07
8.07
7.81
7 68
8 18
8.17
7.91
7 78
16 38
16 16
14.16
13 07
171 2
171 6
167.9
162 4
7.60
7 61
7 88
8.31
8 41
13.18
12 92
13 18
14.11
14 71
159 5
159 1
159 5
160.6
160 2
May 2
9
16
23.
30
7 62
7 85
7.90
7 96
8.09
9 45
9 50
9 58
9.52
8 52
8 57
8 64
8.60
14 89
14.91
14 92
14.75
162 4
164 7
167 1
168.3
10.25
10.24
10 01
10.15
10 37
9.82
9.82
9 60
9.74
9 97
8.83
8.77
8 59
8 78
8 67
15.03
14.92
14 57
14.60
14 73
167.9
167 1
167 5
166 7
166 7
AUK
Sept. 7
14
21...
28
10 75
10.41
10 58
10.77
10 38
10.02
10 21
10.42
9 60
9.20
9 41
9.52
15 07
14.61
14 59
14.57
167 9
168 3
168 7
169 5
Oct 5 .
12
10 79
10.56
10 67
10.74
10 45
10.22
10 32
10.41
9
9
9
9
14 46
14.23
14 38
14.42
170 7
171 6
171 2
170.3
l?:::::::::
20. .
27
19
26
69
50
57
61
Week ending—
Total
Total
1940 Jan 6 .
13
20
27 .
S
Week ending—
1942—Jan 3
10
17
24
31
ii.::::::::
18
25
June 6.
13
20
27.
July 4
..
...
n.::::::::
18
25
1
s:::::::::
15.
22
29
. .
1942—Nov. 7.
14.
21.
28.
9.52
9.61
9.43
9.34
9.60
9.69
9.53
9.45
10.07
9.85
9.63
9.36
8.60
8.84
7.13
8.46
164.3
165.1
165.9
166.3
1944—Nov. 4,
11.
18,
25,
12.85
12.96
12.72
12.77
12.69
12.82
12.58
12.62
13.84
14.01
13.83
14.01
13.47
13.40
13.12
13.13
177.7
177.7
178.6
179.0
Dec. 5.
12.
19.
26.
9.32
9.36
9.58
9.71
9.45
9.53
9.74
9.88
9.27
9.05
9.21
9.33
8.33
8.23
8.50
8.55
167.1
167.1
167.1
166.7
9.73
9.91
10.01
10.12
10.38
9.91
10.05
10.13
10.24
10.50
9.36
9.69
9.82
9.99
10.07
166.7
167.1
167.5
168.3
169.1
12.81
13.01
13.19
13.16
13.13
12.66
12.85
13.00
12.94
12.90
1943—Jan. 2.
9.
16.
23.
30.
8.59
8.99
9.14
9.24
9.56
Dec. 2,
9,
16,
23,
30,
14.20
14.79
15.29
15.64
15.67
13.15
13.11
13.36
13.35
13.43
179.5
180.0
180.9
180.9
181.9
1945—Jan. 6,
13,
20
27,
13.44
13.64
13.51
13.35
13.19
13.36
13.26
13.10
16.16
16.80
16.10
15.65
13.69
13.90
13.98
13.94
182.3
182.8
183.7
183.7
175.9
174.2
173.7
172.0
Feb.
6.
13.
20.
27.
10.49
10.62
10.75
10.94
10.61
10.76
10.88
11.01
10.16
10.12
10.24
10.96
9.68
9.82
10.19
10.28
169.9
170.3
171.2
171.6
Feb.
3
10
17
24
13.54
13.72
14.01
14.17
13.27
13.43
13.70
13.86
15.72
16.12
16.73
16.96
14.31
14.61
14.84
14.95
184.2
185.7
185.2
185.2
12.25
12.21
12.27
12.21
12.05
171.6
171.6
170.7
171.6
172.0
Mar. 6.
13.
20.
27.
10.98
11.00
10.94
11.12
11.00
11.05
11.00
11.18
11.35
11.42
11.36
11.52
10.32
10.34
10.25
10.34
172.0
171.6
171.2
171.6
185.7
186.7
187.2
187.7
189.2
Apr. 3.
10.
17.
24.
171.2
170.7
171.6
171.6
15.04
14.92
14.82
14.61
14.41
172.0
171.6
171.2
170.3
10.94
10.94
10.78
11.08
16.74
16.66
16.69
16.47
15.96
12.21
12.49
12.07
12.37
13.93
13.87
13.74
13.45
13.25
12.03
11.77
11.35
11.13
11.62
11.52
11.27
11.39
14.23
14.15
14.04
13.76
13.54
9.82
9.49
9.32
9.39
11.57
11.50
11.28
11.43
Mar. 3
10,
17
24
31
172.0
172.0
172.0
172.0
172.4
189.7
190.2
190.8
192.9
168.7
168.7
169.1
169.1
168.7
11.09
11.32
11.36
11.36
11.38
14.58
14.68
14.79
14.81
10.98
10.78
10.75
10.66
10.58
12.52
12.96
12.75
12.82
13.01
16.31
16.69
17.44
18.06
9.46
9.68
9.44
9.26
9.22
11.53
11.86
11.80
11.85
11.99
13.47
13.68
14.17
14.29
9.16
9.30
9.29
9.34
9.23
11.55
11.89
11.86
11.86
11.99
13.77
14.00
14.53
14.69
Mar. 1.
8.
15.
22.
29.
Apr. 7
14
21
28
May 5
12
19
26
14.86
14.78
14.76
14.78
14.49
14.42
14.38
14.39
17.97
17.64
17.76
17.95
15.95
15.97
16.00
16.08
192.3
192.3
190.8
190.2
9.48
9.81
9.84
9.91
9.34
9.70
9.74
9.83
9.29
9.43
9.35
9.45
10.72
10.87
10.89
10.82
169.1
167.5
168.7
170.3
June 5.
12.
19.
26.
12.21
12.11
11.94
12.02
12.25
12.15
11.98
12.11
12.98
12.60
12.25
12.34
11.48
11.51
11.42
11.50
173.3
173.3
173.3
174.2
16.29
16.50
16.73
17.04
17.29
26
171.6
172.4
172.9
174.2
July 3.
10.
17.
24.
31.
n.a.
12.80
13.21
13.17
12.41
190.2
190.8
190.8
190.8
191.3
10.67
10.96
11.10
11.26
175.0
175.0
175.9
176.4
18.73
18.71
18.85
19.62
19.58
9.44
9.76
9.82
9.99
12.35
12.36
12.51
12.42
11.86
14.63
14.53
14.53
14.67
14.59
9.81
10.19
10.21
10.32
11.85
12.25
12.56
12.68
12.26
15.05
14.98
15.16
15.20
15.16
9.88
10.26
10.28
10.40
12.34
12.38
12.56
12.50
11.95
June 2
9
16
23
30
July 7
14
21
28
14.96
15.07
14.69
14.51
14.39
14.49
14.14
13.98
19.01
19.19
18.29
17.82
17.33
17.47
17.08
16.91
190.8
189.7
189.2
188.7
Aug. 2
9
16
23
30
10.40
10.30
10.10
10.16
10.26
10.31
10.22
10.03
10.08
10.20
10.11
10.00
9.81
9.88
9.91
11.20
11.03
10.81
10.84
10.88
174.2
174.6
174.2
173.9
174.6
Aug. 7,
14,
21,
28,
11.66
11.75
11.84
11.68
11.59
11.68
11.76
11.62
11.93
12.02
12.14
11.94
11.98
12.07
12.15
11.92
Aug.4
18
25
14.65
14.67
14.64
14.66
14.12
14.17
14.20
14.28
18.03
17.81
17.04
16.80
17.01
16.91
16.83
16.52
188.2
188.7
188.7
187.7
Sept
20
27
10.26
10.21
10.32
10.20
10.20
10.17
10.31
10.19
9.82
9.62
9.61
9.61
10.86
10.76
10.79
10.65
173.9
173.6
173.1
173.1
Sept. 4,
11,
18
25,
11.80
11.88
12.00
12.16
11.72
11.79
11.92
12.08
12.09
11.98
12.24
12.43
12.17
12.38
12.36
12.46
176.4
175.9
175.9
10.14
9.91
9.65
9.76
9.53
9.45
9.23
9.33
10.52
10.37
10.15
10.05
172.4
172.4
172.4
172.0
12.33
12.20
12.24
12.31
12.36
175.0
174.2
175.5
175.0
175.5
187.2
187.7
187.2
186.2
185.7
10.15
9.94
9.68
9.77
12.42
12.25
12.17
12.31
12.42
17.67
17.82
18.18
18.48
18.96
Oct. 2
9,
16
23
30
14.97
15.27
15.46
15.47
15.51
16.96
17.39
17.41
17.54
17.60
11.96
11.74
11.67
11.79
11.82
15.35
15.65
15.83
15.87
15.97
Oct. 4
11
18
25
12.04
11.83
11.77
11.89
11.93
Sept. 1
8
15
22
29
Oct. 6
13
20
27
16.35
16.56
16.63
16.50
15.90
16.10
16.16
16.03
19.11
19.40
19.46
19.32
18.35
18.54
18.76
18.73
186.2
187.7
187.2
189.2
Nov. 1
8
15
22
29
9.60
9.59
9.31
9.33
9.24
9.60
9.62
9.37
9.37
9.29
9.28
9.33
8.95
9.09
8.97
9.72
9.43
9.01
9.07
8.97
171.2
170.7
171.2
170.3
169.9
Nov. 6
13
20
27
11.71
11.30
11.23
11.23
11.63
11.23
11.14
11.16
11.89
11.32
11.42
11.31
12.15
11.71
11.70
11.60
175.0
173.3
171.6
170.3
Nov. 3
10
17
24
16.66
17.07
17.10
17.01
16.12
16.48
16.45
16.36
19.62
20.31
20.54
20.73
19.30
20.00
20.38
20.17
189.7
190.2
191.8
193.4
Dec. 6
13
20
27
9.30
8.77
8.59
8.41
9.35
8.88
8.70
8.51
8.88
7.98
7.94
7.80
9.01
8.28
7.98
7.90
170.7
169.1
168.7
168.3
Dec. 4
11
18
25
11.14
11.43
11.51
11.61
11.07
11.38
11.45
11.56
11.09
11.43
11.48
11.55
11.53
11.77
11.82
11.91
169.1
169.5
168.7
168.3
Dec. 1
8
15
22
29
17.11
17.49
17.44
17.05
17.34
16.46
16.88
16.84
16.47
16.74
20.90
21.16
21.01
20.71
20.96
20.26
20.41
20.20
19.57
19.97
193.4
193.9
194.4
196.1
196.7
1940—Nov. 2
9
16
23
30
10.97
11.19
11.23
10.89
10.64
10.63
10.91
10.99
10.65
10.43
9.73
9.93
10.15
9.88
9.57
14.79
14.48
13.95
13.62
13.14
170.3
168.3
170.7
173.7
173.7
Dec. 7
14
21
28
10.57
10.65
10.47
10.42
10.38
10.47
10.27
10.22
9.35
9.39
9.16
9.17
12.99
13.01
12.96
12.89
174.2
175.4
177.7
175.4
1941—Jan. 4
11
18
25
10.61
10.80
10.64
10.44
10.40
10.57
10.37
10.16
9.49
9.78
9.83
9.85
13.12
13.38
13.40
13.22
178.1
178.3
179.5
177.7
1
8
15
22
10.22
10.11
9.82
9.66
9.93
9.84
9.57
9.42
9.58
9.45
9.62
9.07
12.99
12.78
12.40
12.06
Mar. 1
8
15
22
29
9.90
9.85
10.02
9.90
9.95
9.67
9.62
9.81
9.78
9.73
9.31
9.29
9.39
9.37
9.53
10.06
9.78
9.52
9.40
9.85
9.56
9.32
9.19
9.36
9.47
9.46
9.47
9.37
Feb.
19
26
May 3
10
17
24
31
June 7
14
21
28
July
,i:::::::::
19
£::::::::
T
14.
STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION — Continued
B. WEEKLY, 1934-63 — Continued
[1941-43= 10]
Common
Week en dine?
Total
Industrial
Railroad
17.28
17.87
18.30
18.00
16.71
17.25
17.62
17.25
20 74
21 54
22.30
21.96
19 93
20 79
21.57
21.86
196 7
197 2
197.3
198.9
18.63
. . . 18.57
18.28
17.79
17.89
17 86
17.58
17.11
22.53
22 44
21 97
21.14
22.40
22 07
21 82
21.31
199.4
199 4
200 0
201.2
17.08
17.32
17.29
17.63
18.02
16.42
16.64
16.62
16.93
17.34
20.27
20.40
20 25
20 58
20.93
20.64
21.12
21 09
21 68
21.97
201.2
201.8
201 8
203 5
205.3
Apr. 7
14 .
21
28
18.36
18.75
18.83
18.71
17.69
18.12
18.19
18.06
20 92
20.85
20 99
20.67
22 37
22.56
22 66
22.73
May 4
li.::......
18
25
18.61
18.55
18.63
18.74
17.97
17.92
18.00
18.05
20.57
20.43
20.54
21 08
June 1
8
15
22
29
. . . 19.14
18.89
18.76
18.41
18.27
18.43
18.19
18.02
17.66
17.53
July 6
13
20
27
18.50
18.39
18.00
17 57
Aue 3
17.88
Mar. 2
9
16
23
30
Railroad
PrePublic ferred
utility
16.90
16.88
16.86
16.83
16 60
16 57
16.54
16.49
14 27
14.32
14.33
14.30
20 06
20.13
20.17
20.33
181 9
182 8
183.3
183.3
17.17
17.25
17.10
17.22
16.86
16 96
16.79
16.92
14.37
14 25
14.32
14.41
20.56
20 55
20.44
20.59
182.3
182 3
182 8
182.3
17.27
17.17
17.38
17.53
16.95
16.82
17 03
17.21
14.50
14.41
14 48
14.41
20.69
20.79
21.07
21.13
184.2
183.7
17.39
17.66
17.89
17.97
17.89
17.10
17.38
17.63
17.73
17.66
14.29
14.59
14.60
14.61
14.38
20.82
20.93
21.10
21.04
20.95
183.7
183.3
183.3
May 6
13
20
27
18.21
18.25
18.53
18.67
18.01
18.06
18.36
18.52
14.65
14.51
14.62
14.62
21.05
21.14
21.33
21.37
182.8
182.8
183.3
183.3
June* 3
10
17
24
18.77
18.96
19.11
19.01
18.66
18.91
19.06
18.96
14.42
14.29
14.59
14.45
21.31
21.22
21.22
21.18
183.4
183.0
182.3
181.9
July 1
8
15
22
29
17.85
17.76
17.07
17.26
17.43
17.80
17.72
16.99
17.16
17.34
13.60
13.66
14.01
14.92
15 91
19.97
19.66
18.80
18.75
18 59
180.7
178.1
178.1
178.5
179 4
17.99
18.45
18 43
18.71
17.98
18.49
18 47
18.77
15.95
16.07
16 13
16.15
18.70
18.95
18 97
19.11
180.3
181.4
182 3
183.0
Sept. 2
9
16
23
30
18.49
18.64
19.01
19.34
19.37
18.56
18.73
19.11
19.44
19.47
15.98
16.10
16.84
17.02
16.85
18.94
18.92
18.99
19.34
19.47
182.5
182.7
182.3
181.7
180.3
Oct. 7
14
21
28
19.92
19.84
19.93
19.88
20.11
20.04
20.13
20.08
17.17
17.05
17.28
16.93
19.56
19.41
19.43
19.47
180.9
180 1
180.8
180.3
Railroad
3
10
17 . .
24
31
15 23
15 23
14 95
14.51
14.53
15 10
15 02
14.74
14.28
14.29
14 41
14 66
14.25
13.84
14.16
16 26
16 86
16 63
16.40
16.28
167 9
169 5
170.3
169.5
168.7
Feb 7
14
21 . . .
28
14 39
13 95
14.01
14.00
14 16
13 72
13.80
13.78
13 91
13 50
13.54
13.52
16 18
15 75
15.68
15.61
168 3
166 7
167.1
167.9
Mar 6
13
20
27
14.13
14 01
14 15
14.71
13.91
13 75
13.89
14.49
13.72
13 68
13.75
14.30
15.73
15 88
16 02
16.30
168.3
169 9
169 9
171.6
205.3
204.7
204 7
204.7
Apr 3
10
17
24 . .
15 01
15.26
15 35
15.62
14.80
14.98
15 15
15.41
14.64
14.96
15.10
15.75
16.46
16.57
16 58
16.73
170.7
170.7
170 7
169.5
Apr 1
8
15
22
29
22.67
22 50
22.57
22 87
202.9
201.8
201.2
201 8
21.75
21.45
21.90
21.80
21.37
23.39
23 08
22.99
22.63
22 48
201.8
201.8
202.4
202.9
202.4
May 1
8
15
22
29
15.52
15.63
16.08
16 48
16.62
15.29
15.41
15.83
16.23
16.42
15.72
15.81
16.43
16.91
16.77
16.80
16.92
17.49
17 74
17.69
168.7
171.2
170.7
171.2
171.2
June 5
12
19
26
16.70
16.82
17.00
16.84
16.54
16.66
16.84
16.64
16.46
16.60
16.68
16.87
17.69
17.77
17.89
17.93
172.9
173.7
174.2
174.2
17.82
17.75
17.37
16 96
21.28
21.11
20 59
19 82
22.41
22.04
21 64
21 14
202.9
204.7
203.5
204 1
17.27
17.39
17 48
17.12
16.36
19.87
19 90
20 03
19.76
18 59
21.65
21 77
21 62
21.33
20 34
205.3
204 7
203 5
202.9
202.4
July 3
10
17
24
31
16.72
16.84
16.64
16 05
16 10
16.50
16.64
16.42
15 84
15.89
16.76
17.04
16.98
16 08
16.13
17.92
17.91
17.76
17 24
17 23
172.0
172.0
171.6
169 9
169.5
16.02
15 76
15.95
16.02
15 82
15 56
15.76
15.83
16.06
15 69
15.74
16.13
17 14
16 94
17.05
17.05
168.7
166 3
166.3
166.3
15.71
15 00
14.90
14.92
. .
17
24 .
31
Sept. 7
14
21
28
Industrial
Industrial
15.23
14.53
14.45
14.51
16 90
16 08
15 55
15.07
18 84
18 09
18 05
18.01
201.2
197 2
194.4
191.8
Sept. 4
11
18
25
16.12
16 02
15.77
15.55
15.91
15 80
15.54
15.31
16.51
16.25
15.98
15.64
17.14
17.15
17.06
16.94
167.1
167 5
166.7
166.3
14 90
14 46
15 03
14.80
14.51
14 10
14.62
14.38
14 82
14 30
15 03
14.88
18 02
17 39
18 22
18.06
192 9
191 8
192 3
191.3
Oct 2
9
16
23
30
15.50
15 87
16.08
16.41
16.54
15.28
15 68
15.91
16.25
16.39
15.55
15.90
15.89
16.24
16.25
16.80
16 97
17.07
17.27
17.40
165.1
163 6
163.6
163.6
164.3
io:: •":*': 17.99
Oct 5 .
12
19..
26
Total
Total
PrePublic ferred
utility
18 07
17.72
16.91
1946 Jan. 5
12
19
26
Feb. 2
9 .
16
23
Common
Common
PrePublic ferred
utility
.
Week ending—
1948 Jan
Aug 7.
14
21
28
.
Week ending—
1950 Jan
7
14
21
28
. . .
Feb. 4
11
18
25
Mar. 4
11
18
25
. . .
•
'.
Aue 5
li:
19.
26
::::::::
T
1
1946—Nov. 2
9
16
23
30
14.68
14.93
14.82
14.38
14.53
14.21
14.42
14.34
13.90
14.03
15.14
15.56
15.40
14.80
15.11
18.12
18.65
18.32
17.93
18.23
189.7
190.2
190.2
189.2
187.7
Dec. 7
14
21
28
14.63
15.26
15.35
15.28
14.12
14.70
14.78
14.73
15.26
16.27
16.11
15.77
18.46
19.20
19.55
19.43
185.7
186.2
186.7
186.7
1947—Jan. 4
11
18
25
15.25
15.31
14.92
15.10
14.70
14.78
14.40
14.57
15.59
15.42
14.98
15.22
19.36
19.36
18.91
19.20
Feb. 1
8
15
22
15.58
15.96
15.97
15.79
15.07
15 46
15.49
15.30
15.69
16.19
16.19
15.93
Mar. 1
8
15
22
29
15.47
15.39
14.89
15.08
15.23
14.98
14.94
14.45
14.66
14 84
Apr. 5
12
19
26
15.19
14.80
14.21
14.48
May 3
10
17
24
31
1948—Nov. 6
13
20
27
15.94
15.13
15.28
15.03
15 80
14.99
15.15
14.90
15 42
14.31
14 46
14.17
16 86
16.20
16.23
16.06
163 6
164.7
168.3
168.3
1950 N o v 4
11
18
25
19 68
19 66
19 87
20.11
19 88
19 88
20 08
20.36
16 48
16 47
17 17
17.49
19 39
19 25
19 34
19.28
180 1
179 9
181 0
181.6
Dec. 4
11
18
25
14.99
15.23
15.22
15.18
14.88
15.16
15.15
15.10
14.09
14.23
14.13
13.94
15.87
15.87
15.89
15.95
167.9
168.3
168.7
169.1
Dec. 2
9
16
23
30
19.64
19.34
19.58
19.97
20.29
19.85
19 53
19.75
20 12
20.43
17.01
17 37
18.24
19 18
19 24
15.21
15 31
15.40
15 45
15.29
15.12
15 21
15.29
15 32
15.13
13.95
14 11
14.11
14 27
14.04
16.06
16 31
16.48
16 59
16.76
169.5
169 1 1951
170.7
172 0
173.7
181.2
180 5
179 9
179 5
179 8
185.7
187.2
187.2
187.2
1949_Jan. 1
8.. . .
15
22
29
19.03
18 60
18 63
18 92
19 37
Jan 6
13
20
27
20 82
. .. 21 06
21 41
21.24
20 97
21 22
21 59
21.41
19 83
20 03
20 74
20.42
19 82
20 03
20 11
20.01
179 8
180 4
181 2
181.5
19.40
19.62
19.51
19.48
187.7
189 2
189.2
189.2
Feb. 5
12
19
26
15.20
14 68
14 73
14.52
15.02
14 48
14.53
14.31
13.77
13 12
13 14
12.67
16.87
16 61
16 67
16.69
174.6
173 3
172 9
172.0
Feb 3
10
17
24
..
21.81
22 13
22 12
21.87
22.02
22 37
22 35
22.08
21.39
21 83
21 53
20.91
20.14
20 17
20 31
20.47
181.7
181 4
181 0
180.5
15.30
15.01
14.37
14.44
14.44
19.31
19.34
18.56
18.60
18.64
188.2
188.7
188.7
187.7
187 2
Mar. 5
12
19
26
14.69
14 93
14 96
14.89
14.50
14 74
14.78
14.69
12.85
13 04
12 93
12.85
16.73
16 95
17.02
17.05
172.0
172 4
171 6
172.4
Mar 3
10
17
24 .
31
21 87
21 88
21 49
... 21 58
21 42
22 06
22 07
21 70
21 81
21 67
20 72
20 49
19 86
19 82
19 37
20 70
20 77
20 45
20 45
20 21
180.7
178 6
174.9
173.6
172 6
14.80
14.42
13.84
14 11
14.29
13.78
13.10
13.34
18.64
18.22
17.61
17.85
187.2
187.2
186.2
186 2
Apr. 2
9
16
23
30
15.06
14 96
15.02
14.87
14 72
14.86
14 73
14.78
14.62
14 49
13.11
13 10
13.05
12.80
12 72
17.19
17 30
17.49
17.40
17 17
172.4
172 9
172.0
172.4
171 6
Apr 7
14
21
28
21 51
21.85
22 07
22 16
21 77
22.16
22 40
22 54
19 62
19.89
20 11
20 02
20 16
20.21
20 20
20 10
171 5
170.8
170.1
169 2
14.61
14.69
14.11
14.05
14.26
14.26
14.36
13.79
13.76
13.98
13.31
13.13
12.40
12.31
12.60
17.92
17.93
17.35
17.09
17.21
185.7
186.7
186.7
185.7
185.7
May 7
14.
21
28
14.92
14 87
14 84
14.54
14.69
14 61
14 56
14.25
12.70
12 74
12 83
12.59
17.42
17 59
17.68
17.43
171.6
172 4
173.7
175.0
May 5
12
19
26
..
22.64
22 49
21 77
21.19
23.08
22 90
22 11
21 48
20.40
20 36
19 53
18 76
20.19
20 19
20 05
19 91
169.7
170 0
168.4
168.5
14
21
28
14.42
14.74
15.05
15.10
14 15
14.49
14.79
14.81
12.64
12.80
13.21
13.45
17.22
17.46
17.79
17.94
186 2
185.7
186.2
186.7
June 4
11
18
25
14.13
13 87
13.44
14.09
13.82
13 56
13.47
13.83
12.05
11 73
11.44
11.81
17.20
16 99
16.82
16.89
175.0
176 8
176.4
175.9
June 2
9
16
23
30
..
21.39
21 42
21.71
21 86
21.20
21 68
21 72
22.06
22 23
21 53
19 03
19 09
19.23
19 07
17.97
20 04
20 03
20.01
20 16
20.01
167.9
169 0
168.7
167.6
166.3
July 5
12
19
26
15.43
15.67
15.88
15.96
15.16
15.38
15.59
15 67
13.74
14.29
14.75
15 01
18.18
18.43
18.45
18 43
187.2
188.2
188.7
189 2
July 2
9
16.
23
30
14.13
14.47
14 69
14 90
15 03
13 87
14.25
14 48
14.69
14 81
11 72
11.74
11 92
12 12
12 25
16 96
17.22
17 32
17.53
17 73
176.4
175.9
176 4
176.4
177 7
July 7
14
21
28
..
21.40
21 76
21 85
22 37
21 75
22 14
22 22
22 77
18
18
18
19
16
37
54
32
20.10
20 30
20 39
20 58
165.7
166 9
166.9
167 2
Aug. 2
9
16
23
30
15.72
15.60
15.47
15.45
15.25
15.43
15 31
15.14
15.14
14.92
14.55
14 22
14.06
14.09
14.83
18.32
18 30
18.29
18.34
18.18
188.7
188 2
188.7
189.2
188.7
Aug. 6
13
20.. . .
27
15.18
15 41
15.38
15 24
14.96
15 15
15.31
14.99
12.28
12 82
12.73
12 46
18.01
18 30
18.30
18.27
178.1
178 6
179.5
180.4
A U K8.
4
11
18
25
22.64
22 92
22.82
22 86
23 06
23 37
23.26
23 33
19 57
19 82
19.50
19 35
20 70
20 79
20.83
20 79
167.6
169 0
169.5
170.7
Sept. 6
13
20
27
15.24
14.96
15.14
14.97
14.93
14 65
14.84
14.66
13.83
13 58
13.70
13.52
18.16
17 89
17.95
17.89
188.7
188 7
188.2
187.7
Sept. 3
10
17
24.. . .
15.23
15 37
15 65
15 44
14.97
15.11
15 38
15 13
12.33
12.45
12 70
12 64
18.33
18.43
18 83
18 87
180.9
182.3
183 3
181 4
Sept 1
8
15
22
29
23.07
23.43
23 62
23 55
23 32
23.56
23 94
24 15
24 04
23 77
19.55
20 04
20 35
20 53
20 72
20.85
20 98
21 03
21 10
21 01
170.1
170.4
168 9
167 7
167.0
Oct. 4
11
18
25
15.15
15.26
15.60
15.66
14.85
14.98
15 33
15.42
13.76
13.77
14.07
14.18
17.96
18.00
18.15
18.02
184.7
183.3
181 4
180.0
Oct 1..
8
15
22
29
15.53
15.78
15.91
15 85
16.04
15.22
15.49
15.63
15 58
15.80
12.77
12.93
13.09
12 92
12.90
18.96
19.07
19.14
19 03
19.06
181.4
181.4
180.4
180 0
179.5
Oct. 6
13
20
27
..
23.70
23.70
23 57
. . 22.81
24.16
24 15
24 04
23.20
21.13
21 19
20 74
19.85
21.20
21.29
21 18
20.90
167.2
167.5
167 1
166.9
Nov. 1
8
15
22
29.. .
15.47
15.36
15.24
15.32
15.11
15 26
15.20
15.11
15.20
15.03
13.68
13.34
13.17
13.45
13.29
17.68
17.28
17.01
16.79
16.22
176 8
175.5
173.3
174.2
175.0
N o v 5.. .
12
19
26
16 22
16.15
15.98
16.13
15 99
15.91
15.73
15.88
12 93
12.91
12.79
12.80
19 23
19.24
19.21
19.30
180 0
179.5
180.0
180.0
Nov 3
10
17
24
22 84
. . 22.68
22.83
22.55
23 26
23.06
23 20
22.90
19 51
19.27
19 47
19.22
20 91
21.08
21.21
21.06
166 4
165.9
165.4
165.0
Dec. 6
13
20
27
14.87
14.87
15 13
15.19
14.80
14.79
15 02
15.07
13.02
13.18
13 93
14.30
15.97
16.05
16 18
16.12
173.7
174.6
173 3
171.2
Dec 3
10.. . .
17
24
31
..
16 16
16.42
16.64
16 58
16.69
15 91
16.02
16.39
16 31
16.42
12 94
13.24
13 40
13 39
13.77
19 30
19.47
19.80
19 83
19.88
179 5
180.0
180.0
180 9
181.4
Dec 1
8
15
22
29
22 70
23.23
23.37
23 51
23.60
23 08
23.64
23 76
23 94
24.05
19 37
20.14
20 33
20 17
20.07
21 06
21.28
21.51
21 59
21.59
165 3
165.7
163.8
163 2
161.9
..
14. STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION — Continued
B. WEEKLY, 1934-63 — Continued
[1941-43 = 10]
Common
Common
Common
Total
Industrial
Railroad
PrePublic ferred
utility
24.71
25.04
25.08
25.70
26.03
24.75
25.11
25.13
25.81
26.17
20.37
20.74
20,81
21.45
21.75
25.08
25.25
25.35
25.67
25.77
166.7
167.0
168.0
169.4
170.5
Feb 6
13
20.
27
26.08
26.14
25.92
25 93
26.21
26.25
25.99
26 02
21.98
22.23
22.24
22 03
25.89
25.98
25.86
25.87
171.8
172.2
171.4
171.6
Mar 6.
13
20
27
26.36
26.58
26.66
26.57
26.50
26.73
26.80
26.69
22.23
22.20
22.09
21.79
26.07
26.34
26.48
26.56
171 2
171.7
172 9
172.4
Apr 3
10.. .
17
24
26 93
27.27
27.75
27.72
27 14
27.55
28.10
28.09
21 74
21.67
21.97
21.66
22 20
22 38
22.40
22 45
22.50
172.9
173 2
173.4
173.6
173.5
May 1
8
15
22
29
27 97
28 39
28.64
28 84
29.07
28.39
28 84
29.11
29.33
29.55
22 80
23.17
23 09
23 20
22 54
22.58
22 49
22 43
173 4
173.4
173.8
172 4
June 5
12..
19
26
29 15
28.48
28.90
29 15
25 45
25 30
25 46
25 50
23 48
23 24
23 15
23 22
22
22
22
22
50
50
58
60
171 3
170 9
171 5
170 9
July 3
10..
17
24.
31
25 34
25 48
25 32
24 95
24 93
25 75
25 87
25 68
25 27
25 23
23 54
23 69
23 52
23 04
23.13
22 80
23 08
23 08
23 01
23.10
171 0
170 5
169 9
170 0
169.2
29 34
29 99
30.10
30 09
30 60
Aug. 7
14
21
28
30 79
30 50
31 13
30.75
31.31
30 98
31 70
31.30
24.98
24 78
25 17
24.53
28.87
28 78
28.96
28.82
174.2
174 3
175.2
175.2
Sept 6
13
20
27
25 21
24 82
24 53
24 72
25 54
25 12
24 79
24 97
23 26
22 52
22 30
22 86
23 26
23 12
23 06
23 19
170
170
170
169
Sept 4
11
18
25
30 20
30.73
31 37
31.99
30 71
31 33
32 07
32 82
23
24
24
24
85
16
60
67
28 50
28.62
28 81
28.87
174 8
174.2
175 8
176.9
Sept. 1
8
15
22
29
Oct 4
11
18
25
24 54
24 51
24 16
23 98
24 78
24 76
24 39
24 19
22 62
22 51
22 28
22 11-
23.15
23 08
22.79
22 71
169 2
169 4
168 0
166 9
Oct. 2
9.
16
23..
30
32.46
32.64
32.11
32.03
31.90
33.44
33 66
33.07
33 03
32.94
24.43
24 62
24.61
25 09
24.76
28.78
28.74
28.37
27.91
27.57
177.2
177.4
177.8
178.2
178.9
Oct. 6
13
20
27
Week en dine
Total
Industrial
Railroad
PrePublic ferred
utility
1952—Jan. 5
12
19.
26
23.86
23.90
24.18
24.56
24.31
24.29
24.58
25.02
20.37
20.48
20.99
21.43
21.85
22.18
22.31
22.29
161.6
163.3
164.3
165.4
Feb 2
9
16
23
24.38
24.17
23.92
23.34
24.80
24.56
24.23
23.58
21.20
20.92
20.88
20.53
22.36
22.40
22.53
22.33
166.2
165.7
166.1
165.9
Mar 1
8.
15...
22
29
23 23
23.64
23 71
23.90
24.00
23 44
23.87
23 93
24.13
24.24
20 62
21.23
21 66
21.81
22.01
22 32
22.51
22 54
22.62
22.61
166 0
166.1
166.5
169.7
170.6
Apr 5
12
19..
26
24 14
23.98
23 60
23.55
24 38
24.20
23 82
23.77
22 55
22.34
21 77
21.82
22 58
22.57
22 31
22 24
May 3 . .
10
17
24..
31
23 45
23 77
23.66
23 80
23.88
23.65
24 00
23.86
24.01
24.09
21.81
22 16
21.98
22.26
22.47
June 7
14
21.
28
23 98
24.32
24 43
24 68
24 17
24.56
24 72
25 03
July 5
12
19 .
26
25 05
24 92
25 05
25 09
Aug 2
9
16
23
30.
5
2
1
9
Week ending—
1954—j an . 2
9
16
23
30
Total
Industrial
Railroad
PrePublic ferred
utility
1956—Jan. 7
14
21
28
45.06
44.49
43.94
43.46
47.95
47.28
46.68
46.08
33.83
33.47
32.82
32.56
31.68
31.61
31.43
31.44
173.2
173.8
174.1
174.6
Feb 4
11
18
25
44.07
44.17
43.88
44.82
46.74
46.83
46.48
47.57
33.16
33.01
32.86
33.56
31.80
32.06
31.98
32.19
175.5
176.4
175.5
175.5
172.6
173.4
173.0
173.6
Mar 3
10
17
24
31
45.48
46.19
47.57
48.65
48.47
48 35
49.05
50.64
51.97
51.75
33 74
34.57
35.40
35.70
35.91
32 33
33.04
33.44
33.41
33.29
175.6
175.3
175.4
174.6
172.8
26 60
26.67
26.84
26.82
173.8
174.3
174.0
174.5
Apr 7
14
21
28
48.69
48.16
47.79
47.50
52 08
51.52
51.08
50.74
35 99
35.56
36.09
36.69
33 01
32.64
32.37
32.03
171.5
170.3
167.7
165.4
21.97
22 73
22.94
23.20
23.35
26.72
26 82
26.98
27.12
27.34
174.2
173.8
174.2
173.4
173.7
May 5
12
19
26
48.31
47.69
46.46
45.10
51.71
50 97
49.54
47.96
36.84
37 08
36.09
34.69
32.21
31 98
31.75
31.61
165.6
167.0
166.6
165.4
29 64
28.81
29.36
29 63
23 30
22.85
23.54
23 80
27 47
27.08
27.17
27 32
173.6
172.9
172.9
172.9
June 2
9
16
23
30
45.00
45 69
46.23
46.42
46 86
47.91
48 72
49.33
49.56
50 09
33.86
33 94
34.29
34.42
34 30
31.46
31 82
31.94
31.95
32 05
165.6
167 3
168.0
168.1
167.8
29 84
30 57
30.61
30 55
31.12
23 70
24 00
24.51
24 52
24 93
27 53
27.86
28.14
28 42
28.62
172.1
172.4
172.8
173.7
174.2
July 7
14
21
28
..
47.52
48.56
49.28
49.33
50 86
52.05
52.90
52 83
34 13
34 46
34.63
35 11
32 39
32.76
33.00
33 50
167.6
168.6
168.3
168.4
4
..
49.44
49.16
48 83
47.90
52 93
52.60
52 26
51 24
34 80
34.44
33 93
33.22
33 76
33.81
33 63
33.15
167.9
166.6
165 1
163.6
47.41
47.96
47.24
46.60
45.78
50.74
51 41
50.62
49 86
48.97
32.62
32 57
32.05
32 03
31.37
32.71
32.79
32.43
32.26
31.79
162.1
160.6
158.9
159.3
159.7
45.85
46.66
46.46
46.08
49.10
50.01
49.75
49.31
31.38
32.23
32.69
32.65
31.55
31.77
31.74
31.58
158.6
159.3
159.9
157.9
Week, ending—
AUK
..
....
n:::.:::::
18
25
.
..
1952—Nov. 1
8
15
22
29
24.21
24.71
24.72
25.17
25.49
24.42
24.95
24.90
25.37
25.72
22.16
22.46
22.70
23.03
23.63
22.99
23.37
23.67
23.99
24.10
168.1
168.8
169.8
169.9
170.6
Dec. 6
13
20
27
25.67
25.93
26.07
26.24
25.90
26.17
26.30
26.50
23.87
24.35
24.85
25.20
24.20
24.35
24.36
24.30
170.9
170.7
170.5
170.0
1953—Jan. 3
10
17
24
31
26.53
26.38
26.02
26.09
26.16
26.85
26.68
26.27
26.35
26.39
24.94
24.87
24.56
24.47
24.73
24.44
24.43
24.37
24.35
24.50
169.6
169.4
169.1
167.2
168.0
Feb. 7
14
21
28
26.29
25.67
25.57
25.88
26.53
25.87
25.74
26.09
24.44
23.82
23.87
24.41
24.72
24.47
24.36
24.42
167 3
166.1
165.6
166.2
Mar. 7
14
21
28
25.87
26.03
26.24
26.05
26.07
26 22
26.43
26 22
24.34
24 52
24.81
24 60
24.47
24 73
24.87
24 78
165.4
166 2
166.3
164 9
Apr. 4
11
18
25
25.35
24.79
24.82
24.45
25.50
24.91
24.95
24.57
23.65
23.01
23.04
22.56
24.30
23.98
24.01
23.68
May 2
9
16
23
30
24.58
24.98
24.81
24.89
24.70
24.74
25.20
25.01
25.03
24.81
22.72
22.94
22.91
23.56
23.40
June 6
13
20
27
24.13
23.74
23.74
24.11
24 27
23.92
23.93
24.31
July 4
11
18
25
24.24
24.45
24.19
24.21
Aug. 1
8
15
22
29
Nov. 6
13
20
27
32.44
33.27
33.51
34.10
33.50
34.36
34.64
35.28
25.01
26.07
26.61
27.12
28.12
28.64
28.61
28.93
179.1
179.0
178.6
178.8
1956—Nov. 3
10
17
24
46.37
46.95
46.05
45.00
49.65
50.30
49.23
48.03
32.16
32.37
31.97
31.21
31.82
32.12
31.96
31.69
156.9
156.2
154.3
152.3
Dec. 4
11
18
25
34.29
34.76
34.69
35.36
35.46
35.94
35.82
36.56
27.57
28.54
28.75
30.00
29.06
29.31
29.43
29.48
178.5
178.2
178.5
178.7
35 59
35.81
35.55
34.98
35.83
36 80
37.08
36.74
36.08
37.04
30 34
29.95
30.00
29.07
29.78
29 62
29.75
29.82
29 85
30.12
177.7
176.9
176.4
174.8
174.9
Dec. 1
8
15
22
29
44.73
46.41
46.49
46.39
46.43
47.74
49.73
49.83
49.74
49.81
31.18
32.01
31.92
31.59
31.46
31.50
31.74
31.76
31.65
31.60
151.9
150.7
151.9
151.5
151.5
1957—Jan. 5
12
19
26
46.38
46.26
45.23
44.53
49.87
49.41
48.18
47.59
31.72
32.35
31.36
30.66
31.86
32.25
32.32
32.39
152.2
154.3
154.6
157.6
Feb 5
12
19
26
36.67
36.88
36.86
36.72
38.04
38.23
38.08
37.86
30.22
30 41
31.04
31.75
30.20
30 53
30.98
31.00
174.7
175.0
175.1
175.1
Feb 2
9
16
23
44.69
43.84
42.90
43.52
47.49
46 49
45.47
46.19
30.61
30.08
29.26
29.60
32.66
32.53
32.03
32.17
156.9
157.0
156.6
156.3
Mar 5
12
19
26
37.11
36.47
35 79
36.53
38.26
37.58
36 91
37.71
32.44
31 65
30 91
31.47
31.24
30 94
30 20
30.63
175.4
174.2
174 4
174.4
36.75
37.11
37.71
38.22
38.03
37.94
38.35
38.96
39.52
39.34
31.97
32 37
33.34
34.15
34 05
30.67
30.74
31.23
31.28
31.07
174.5
175.4
176.5
176.3
175.9
43.45
44.18
43 94
44.03
44 03
46.09
46.98
46 76
46.90
46 90
29.26
29.60
29 28
29.20
29 36
32.35
32.58
32 40
32.43
32 41
157.0
157.3
157 0
157.2
157 2
162.7
162.8
161.5
161.1
Apr 2
9
16
23
30
Mar. 2
9
16
23..
30
Apr. 6
13
20
27
44.39
44.83
45.12
45.58
47.30
47.82
48.16
48.67
29.62
29.72
29.64
29.92
32.62
32.83
32.98
33.44
157.0
157.6
157.0
155.5
23.58
23.69
23.60
23.77
23.71
160.3
160.5
158.9
160.6
159.8
May 7
14
21
28
37 82
37.57
37.30
37 66
39.08
38.83
38.56
38.97
33 78
33.58
33.12
33 37
31 08
30.89
30.70
30 83
175.7
175.6
175.7
175.2
May 4
11
18
25
46.04
46.33
46.91
47.22
49.21
49.55
50.25
50.64
30.32
30.49
30.50
30.55
33.70
33.90
34.08
34.24
155.7
155.7
154.3
153.5
22 58
22.27
22.29
22.93
23 11
22.46
22.37
22.57
157 7
156.2
156.4
156.7
June 4
11
18 .
25
38.08
39 03
39.83
40 59
39.43
40 54
41.48
42 41
34.00
34 27
34.58
34 71
30.95
31 19
31.35
31 40
175.4
175 5
175.1
176 6
31.31
31 46
31 80
32.10
32.56
176.2
176.1
175 9
177.2
177.4
34.07
34 02
33.87
33 16
32.36
153.5
152 8
150.5
148.1
146.5
157.7
159 3
159.4
161.6
34.54
34 20
34 06
33.91
34.09
30.12
29 97
30.29
30 16
30.03
22.95
23 30
23.22
23.23
42.89
44 82
44 71
44.65
45.92
50.43
51 02
51.69
51 54
50.95
23.16
23 40
23.00
23.07
40.95
42 52
42 48
42.47
43.57
47.00
47 43
47.94
47 72
47.13
24.38
24 57
24.28
24.30
July 2
9
16
23
30
June 1
8
15
22
29
July 6
13
20
27
48.12
48 92
48.74
48.54
52 07
52 99
52.80
52.58
30.38
31 25
31.61
31.61
32.93
33 29
33.02
32.73
149.1
148 8
147.8
145.1
24.34
24.78
24.72
24.39
23.88
24.45
24.89
24 78
24.43
23.88
22.88
23.29
23 07
22.56
21.76
23.35
23.79
24 08
23 99
23.80
162.5
162.8
163 4
163 6
162.6
Aug. 6
13.
20
27
42.79
: . . 42 03
41 96
42 59
45.00
44.13
44 01
44 71
33.38
32 65
32 97
33 69
32.60
32 39
32 46
32 64
176.8
175.4
174 6
173 2
Aug. 3
10
17
24
31
23.47
23.44
22.93
23.16
21.07
20.83
20.22
20.50
23.52
23.59
23.04
23.33
161.8
162.4
162.8
162.5
33.58
34.39
34 75
34.73
32.71
32.81
32 84
32.75
171.9
172.9
172.9
173.1
32.52
32.38
31 99
31 62
31 30
23.48
23.45
22.93
23.17
45.47
46.23
47.31
48.04
30.92
30.49
29 65
29 12
28.26
145.7
145.6
144 8
144 7
145.2
43.21
43.87
44 76
45.34
51.80
50.75
49 67
48 64
48 11
Sept. 5
12
19
26
Sept 3.
10
17
24
47.84
46.96
45 99
45 07
44.56
20.63
20.45
20.87
21.31
21.08
23.69
23.95
24.26
24.42
24.42
164.7
165.1
166.5
167.9
169.6
31.73
31.33
30 75
31 02
31.15
172.0
172.2
172 4
174.8
174.7
31.35
31.08
31.27
30.77
145.3
146.0
147.7
145.9
32.82
32.27
31 29
31.99
32.20
28.30
27.64
27.34
25.86
23.46
23.51
23.79
24.22
24.44
46.24
45.15
43 50
44.45
44.93
48.63
47.98
47.96
46.09
23.47
23.55
23.84
24.23
24.40
43.64
42.68
41 22
42 05
42.47
45.00
44.41
44.40
42.65
Oct. 3
10
17
24
31
Oct 1
8.. .
15
22
29 .
Sept. 7.
14
21
28
Oct 5
12
19
26
42.84
41.61
41.04
40.03
46.24
44 80
44.17
43.14
26.28
25 48
24.85
23.58
31.01
30 76
30.46
29.57
146.1
147 1
146.5
144.6
Nov. 7
14
21
28
24.61
24.51
24.35
24.51
24.66
24.49
24.34
24.50
21.21
21.30
21.08
21.06
24.60
24.60
24.65
24.88
169.4
169.4
168.5
167.9
NOv 5
12
19
26
42 83
44.68
45 93
45.57
45 32
47.48
48.97
48.53
31 99
33.28
34 16
34.63
31 52
31.88
31 92
31.80
175 1
175.7
174 9
174.2
25.18
25.20
25.20
25.17
167.3
166.9
165.9
165.8
35 29
34.96
34 16
34 07
34.20
32 02
32.18
31 93
31 74
31.66
173.5
173.2
173 5
172.8
172.1
145 0
144.4
144.2
147.2
150.0
21.45
21.01
20.91
20.67
Dec 7
14 .
21
28
41.42
40.65
39.64
39.68
44.58
43 68
42.49
42.52
23 66
23.10
22.72
22.11
22.55
22.08
21 47
21.12
21.00
30 24
30.33
30.33
30.80
31.38
24.89
24.85
24.88
24.83
48.28
48.62
48 09
48.15
48.13
43 87
43.52
42 82
43.27
44.18
24.89
24.84
24.86
24.80
45 45
45.73
45 23
45 24
45.23
40 73
40.42
39.83
40.22
41.06
Dec. 5
12
19
26
Dec. 3
10
17
24
31
Nov 2
9
16
23
30
31.69
31 88
31.67
31.80
152.0
154.3
157.7
158.2
1954
1955—Jan
1 ...
8
15
22
29
14.
STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION — Continued
B.
WEEKLY, 1934-63 — Continued
[1941-43 = 10]
Common
Week ending—
Common
Total
Industrial
Railroad
PrePublic ferred
utility
40.19
40.76
40 86
41.38
43.07
43.66
43.69
44.23
21.45
22.16
22.37
23.02
32.23
32.63
33 24
33.67
157.7
158.7
160 0
161.8
Feb 1
8
15
22
41.70
42.10
41 16
41.04
44.53
45.00
43 91
43.75
23.48
23.87
22 92
22.92
34.03
34.18
34 02
34.11
162.1
160.4
159 9
159.8
Mar. 1
8
15
22
29
40.74
41.60
42.38
42.11
42.34
43.40
44.39
45.29
44.97
45.22
22.29
22.36
22.82
22.57
22.68
34.16
34.43
34.57
34.53
34.68
159.5
158.5
158.9
158.6
157.3
Apr. 5
12
19. ..
26
41.78
41.61
42.30
43.01
44.56
44.32
45.03
45.77
22.19
22.20
23.37
24.15
34.77
35.01
35.50
36.05
157.7
158.9
160.2
163.0
May 3
10
17
24
31
43.38
43.94
43.44
43.61
43.90
46.17
46.80
46.21
46.40
46.70
24.23
24.84
24.59
24.64
25.10
36.41
36.51
36.49
36.62
36.77
162.5
162.2
163.0
162.3
162.1
1958—Jan. 4
11
18 . .
25
Week ending—
Common
Total
Industrial
Railroad
PrePublic ferred
utility
I960—Jan. 2
9...'
16
23
30
59.49
59.92
58 41
57.36
56.42
64.05
64.50
62 69
61.49
60.37
33.61
34.41
33 81
33.48
33.00
44.54
44.76
44 57
44.34
44.31
142.7
143.8
143 5
144.2
143.5
Feb. 6
13
20 ..
27
56.27
55 46
55.39
55.94
60.18
59 23
59.15
59.78
32.75
32 69
32.39
32 59
44.41
44 24
44.33
44.48
144.2
145 5
145.9
145.4
Mar. 5
12
19
26
55.42
53.92
54.81
55.61
59.16
57.52
58.52
59.39
31 46
30.35
31.16
31.27
44.75
43.90
44.24
44.90
Apr. 2
9
16
23
30
55.61
56.17
56.30
55.83
54.77
59.32
59.98
60.14
59.58
58.32
30.99
30.86
30.87
30.56
30.10
May 7
14
21
28
54.72
54.79
55.53
55.72
58.28
58.35
59.21
59.38
Week ending—
Total
Industrial
Railroad
PrePublic ferred
utility
6
13.
20
27
70.60
69 24
68 80
68.39
74.65
73 19
72 70
72.25
33.76
33 86
33 88
33.64
63.97
62 75
62 40
62.19
151.0
152 4
152 4
153.1
Feb 3
10
17
24
68.80
70 26
70 53
70.39
72.70
74 33
74 56
74.35
33.96
34 39
34 40
34.11
62.37
63 24
63 95
64.20
153.7
154 6
154 2
155.8
145.7
146.4
146.8
148.4
Mar. 3
10 . . .
17
24
31
69.99
70 02
70 78
70.57
69.84
73.91
73 94
74.78
74.50
73.69
33.75
33 58
33.51
33.40
33.19
64.06
64 09
64 71
64.98
64.42
155 2
156 2
156 8
155.8
156.1
45.35
45.52
45.58
45.59
45.51
148.4
148.8
148.6
148.6
148.4
Apr 7 . .
14
21
28
68.88
68 18
68.09
67.61
72.59
71.76
71.68
71.15
32.66
32.37
32.59
31.89
64.18
64 06
64.15
63.69
156.1
157 5
157.1
158.2
30.03
29.77
30.32
30.63
45.44
45.62
45.76
46.06
148.2
148.2
147.0
146.0
May 5
65.94
64 33
63.88
61.43
69.44
67.77
67.28
64.58
31.72
31.07
30.97
30.31
61.67
59 97
59.59
57.87
158.0
158 3
158.1
157.7
58.15
58.02
55.98
54.47
53 31
61.19
60.88
58.65
57.07
55 85
29.03
28.95
28.19
27.67
27 08
54.31
55 29
53.83
52.31
51 26
154.2
154 6
155.5
155.6
154 2
1962 Jan
il:::::::::
19
26
....
June 7
14
21
28
44.49
44.66
45.03
44 72
47.34
47.51
47.94
47 57
25.29
25.42
25.77
25 63
37.23
37.39
37.29
37 28
163.5
164.4
163.7
162 4
June 4
11
18
25
56.02
57.64
57.68
57 36
59.73
61.55
61.54
61 15
29.91
31.02
31.02
30 88
46.45
47.05
47.47
47 54
145.5
148.0
148.1
148 7
June 2
9
16
23
30
Julv 5
12."..".".'.
19
26
45.33
45.48
45.36
46.55
48.26
48.39
48.22
49.62
25.82
25.99
26.63
27.67
37.60
37.93
37.94
37.76
163.2
161.4
160.4
159.0
148.2
148.3
149.1
149.3
149 1
54.90
55.99
55.49
55.26
152.6
152.5
153.0
152.6
158.5
158.5
159.3
156.3
155.8
47.98
48.33
48.34
48.27
47.19
28.24
28.72
28.40
27.90
37.76
37.76
37.60
37.25
37.30
30.92
30.69
30.31
30.16
29.49
58.93
60.12
59.41
59.35
28.04
28.47
28.40
28.20
28.68
60.68
60.77
59.72
58.63
57.68
56.33
57.47
56.81
56.72
50.35
51.08
51.14
50.73
51.12
57.04
57.15
56.28
55.37
54.59
July 7
14
21
28
47.18
47.79
47.83
47.44
47.79
July 2
9
16
23
30
Aug. 6
13
20
27
55.12
. . .. 56.07
56.80
57.68
58.50
59.55
60.25
61.22
29.48
29.93
30 61
30.80
47.45
48.02
48.93
49.61
150 9
151.3
152 3
153.1
Aus 4
11:::::::::
18
25
57.98
57.53
58.44
59.51
60.73
60.22
61.23
62.37
28.07
27.67
27.87
28.37
56.28
56.18
56.76
57.68
153.0
153.1
153.9
155.2
20
27
48.06
48.41
49.22
49.55
51.41
51.80
52.71
53.04
28.71
28.62
29.60
30.45
37.64
37.83
38.06
38.14
154.9
152.8
151.8
152.6
Sept 3
10
17
24
57.07
56.03
55.47
54.14
60.49
59.29
58.65
57.18
30.02
29.40
29.18
28.61
49.72
49.55
49.33
48.44
152.2
150 9
149.8
149 8
Sept. 1
8
15
22
29
58.96
58.36
58.69
58.66
56.36
61.71
61.03
61.45
61.40
58.87
28.43
28.12
28.00
27.61
27.08
57.60
57.34
57.33
57.43
55.82
154.9
155.6
155.5
155.7
156.0
Oct. 4
11
18
25
50.09
51.03
51.17
51.08
53.63
54.68
54.83
54.69
30.82
31.26
30.98
31.19
38.45
38.92
39.13
39.30
150.4
150.6
151.8
151.0
Oct 1
8
15
22
29
52.92
53.50
54.39
54.08
53.02
55.99
56.63
57.61
57.28
56.14
27.54
27.68
27.89
27.88
27.63
46.94
47.27
47.89
47.65
46.68
146.5
147.6
148.1
147.4
147.1
Oct 6
13
20
27
56.30
57.10
56.63
54.58
58.82
59.61
59.10
56.98
26.99
27.40
27.38
27.43
55.78
56.83
56.41
53.89
155.4
156.5
156.3
155.1
AUK
2
9:::::::::
16.
23
30
Sept 6 .
IS:::::::::
. . .
. .
50.96
52 07
52.90
53.10
51.68
54.48
55 72
56.58
56.72
55.15
31.70
32 24
33.08
33.72
33.10
39.65
40 20
40.87
41.27
40.53
150.4
150 5
151.0
151.1
150.2
Dec 6
13
20
27
52 54
53.07
53 83
53.75
56 06
56.64
57 48
57.33
33 54
33.52
33 66
33.76
41.21
41.77
42 24
42.52
150 9
150.0
151 5
151.5
1959_jan. 3
10.
17
24
31
55.08
. . . 55.46
55.70
. . 55.88
55.47
58.82
59.14
59.35
59.57
59.18
34.40
35.21
35.91
36.09
35.08
43.20
43.88
44.20
44.16
43.73
151.7
152.5
155.0
155.0
155.1
Feb. 7
14
21
28
54.95
. . . 54.13
54.77
55.37
58.56
57.62
58.29
58.96
35.07
34.78
35.48
35.52
43.59
43.34
43.80
44.22
154.9
154.7
155.4
155.4
Mar 7
14
21
28
. .
56.19
56.42
56.34
55.87
59.87
60 10
59.98
59.46
35.63
35 78
35.63
35.02
44.84
45.09
45.30
45.16
157.3
156.1
156.1
156.0
Apr 4
11::::
18
25
55.80
: : : : 56.34
57 09
57.97
59.40
60.00
60 88
61.88
35.00
35.46
36 18
36.48
44.99
45.26
45 24
45.18
May 2
9
16
23
30
57.80
57.44
57 94
58.21
58.31
61.83
61.47
62 08
62.36
62.53
36.19
35.74
35 73
36.27
36.47
13
20
27
58.05
56.97
56.96
57.47
62.37
61.24
61.24
61.74
11
18
25
58.77
59.91
59 43
59 45
54.18
55 62
55.69
55.90
57.46
59 12
59.16
59.31
28.25
28 99
28.94
29.22
47.09
47 49
47.81
48.36
147.6
146 8
146.0
145.7
1962—Nov. 3
10
17
24
56.73
58.54
59.87
60.66
59.36
61.31
62.73
63.52
28.19
29.17
30.38
31.15
55.65
56.59
57.43
58.32
155.8
156.1
157.9
157.5
Dec. 3
10
17
24
31
55.62
55 92
56.89
57 32
57.87
58.97
59 27
60.36
60 80
61.27
29.10
28.78
28.89
29 07
29.50
48.43
48.98
49.62
50.16
51.23
145.7
144 9
144.4
144 4
145.7
Dec. 1
8
15
22
29
61.98
62.69
62.44
62.50
62.89
64.97
65.71
65.38
65.43
65.82
31.86
32.54
31.83
32.10
32.45
59.13
59.83
60.17
60.22
60.67
157.9
157.8
158.4
158.3
158.6
1961—Jan. 7
14
21
28
58.25
59.17
59.67
60.63
61.63
62.60
63.14
64.21
30.31
31.37
32.06
31.64
51.66
52.35
52.55
53.30
146.4
148.1
149.0
148.3
1963—Jan. 5
12
19
26
63.41
64.60
65.06
65.60
66.28
67.49
67.99
68.58
33.89
34.17
33.86
34.13
61.65
63.01
63.41
63.81
159.1
159.8
161.1
163.0
Feb 4
11
18
25
62.03
61.83
. . . 61.77
62.53
65.63
65.35
65.27
66.07
31.90
31.71
32.07
32.63
55.16
55.39
55.39
56.00
149.0
149.6
149.9
150.5
Feb. 2
9
16
23
66.17
66.20
66.10
66.12
69.18
69.26
69.07
69.10
34.47
34.19
34.91
34.92
64.27
64.09
64.35
64.27
163.5
163.4
164.5
164.5
Mar. 4
11
18
25
63.59
63.59
63.88
64.65
67.27
67.34
67.63
68.34
32.81
32.39
32.39
33.72
56.58
56.24
56.75
57.72
150.2
149.9
149.9
150.6
33.47
32.76
32.38
32 09
32.19
57.99
59.29
59.49
59 01
58.58
150.3
150.0
149.8
150 6
149.9
67.77
67.90
68.77
68.87
69.63
34.37
34.72
34.55
34.46
34.77
63.20
63.09
63.38
63.46
63.69
164.0
165.0
164.7
165.0
165.1
Apr. 1
8
15
22
29
68.34
69.37
70.30
69 94
68.96
64.87
64.98
65.72
65.81
66.49
155.8
156.2
154 8
154.1
64.68
65.66
66 42
66 06
65.20
Mar. 2
9
16
23
30
Apr. 6
13
20
27
67.44
68.51
69.05
69.60
70.70
71.91
72.51
7.3.09
35.10
35.64
36.17
37.47
64.14
64.53
64.78
64.90
163.6
163.3
161.4
161.4
44.66
44.35
44 34
44.44
44.05
154.0
152.1
150 7
148.4
147.6
May 6
13
20
27
65.99
66.43
67 11
66.45
69.84
70.29
70 97
70.23
32.65
32.81
33 52
33.36
58.97
59.45
60 20
59.80
150.0
150.9
151 8
151.1
May 4
11
18
25
69.92
69.97
70.33
70.07
73.42
73.49
73.79
73.47
37.58
37.48
38.18
39.00
65.24
65.21
65.84
65.72
162.4
162.8
163.7
164.0
35.86
35.41
35.86
36.55
43.26
42.26
42.00
42.54
147.4
145.8
145.6
145.4
June 3
10
17
24
66 62
66.79
65.76
64.99
70 53
70.74
69.62
68.81
33.03
33.13
32.56
32.01
59.30
59.27
58.59
57.90
151.4
150.8
150.6
149.9
163.8
163.8
163.5
163.0
162.4
37.04
37.69
36 94
36 22
43.36
43.95
44 04
44 48
145.7
146.8
147 8
147 9
Julv 1
8.. : . : : :
15
22
29
64 54
65 61
65.37
64 69
65 85
149*4
148.9
149.3
149 9
149 3
39.49
39.32
38.90
39.30
39.83
63.18
64.44
63 88
63 87
57.63
59.00
59.73
59 09
59 63
73.71
74.14
73.7173.55
73.04
65.40
65.20
64.83
64.90
64.56
31.70
32.48
31.94
31 02
31 67
70.25
70.58
70.17
70.06
69.62
68 32
69.38
69.01
68 33
69 62
June 1
8
15
22
29
July 6
13
20 . .
27
69.62
69.81
68.82
68.18
73.04
73.27
72.16
71.48
39.73 64.57
39.55 "64.70
38.92 64.28
37.46 64.11
161.5
161.5
160.6
161.4
60.39
60.35
59.14
58.86
59.21
64.99
64.89
63.44
63.10
63.50
36.47
36.18
35.26
35.25
35.54
44.62
44.98
45.17
45.12
45.27
147.6
147.3
148.9
149.3
150.4
Aug. 5
12
19
26
67.21
67.85
67.86
68.02
71.17
71.83
71.83
71.86
31.97
32.45
32.80
33.30
60.24
60.87
61.02
61.73
149.5
149.7
149.0
149.3
69.08
70.07
71.06
71.48
72.03
72.43
73.50
74.52
74.93
75.56
38.06
38.64
39.23
39.76
39.66
64.96
65.61
66.64
67.19
67.41
58.84
57.35
56 58
55.95
63.10
61.49
60 71
60.05
34.95
33.88
33 41
33.11
45.06
44.13
43 19
42.58
148.5
148.0
145 3
143.7
Sept 2
9
16
23
30
67 86
68.16
67.69
66 91
66.27
71.62
71.94
71.39
70 47
69.75
62.17
62.47
62.32
62 18
61.77
148.9
148.8
148.7
149 1
150.5
161.8
162.2
162.6
163.0
163.1
SeDt 5
12::::.:*::
19
26
33.16
33.12
33.06
32 97
32.87
Aug. 3
8
10
17
24
31
Sept. 7
14!....
21
28
72.79
73.02
73.10
72.71
76.43
76.77
76.93
76.57
39.49
39.02
39.09
38.69
67.77
67.53
67.09
66.39
162.6
162.8
162.8
163.3
Oct 3
10
17
24
31
57 14
57.00
57.08
56 56
57.35
61 29
61.04
61.11
60 49
61.48
34 28
34.42
34.50
34 24
34.00
43 56
44.06
44.21
44 17
44.08
144 4
145.4
145.7
145 1
146.1
Oct 7
14
21
28
67 28
68.08
68 1?
68 23
70 71
71.51
71 60
71 64
34 11
34.98
34 78
34 39
63 24
64.11
64.25
64 66
151 4
151.3
151.8
152 1
Oct. 5
12
19
26
72.38
72.39
72.85
73.33
76.25
76.31
76.88
77.46
38.37
38.17
38.42
38.58
66.13
65.63
65.45
65.42
164.2
165.2
164.1
164.5
Nov 7
14
21
28
57.40
57.30
56 70
57.39
61.62
61.50
60 87
61.69
33.32
33.06
32 40
32.41
43.82
43.88
43 46
43.68
145.2
146.2
145 0
145.8
68.87
70.68
71.56
71 74
72.33
74.28
75.21
75 46
34.22
34.40
34.59
34 25
65.29
66.92
67.76
67 77
152.3
152.6
152.9
152 8
78.45
77.35
77.17
75.37
76.73
38.00
38.31
39.04
38.35
38.73
65.25
64.92
65.05
64.66
64.41
164.7
164.2
163.7
163.2
163.1
Dec 5 . . . .
12
19
25 .
58.63
59.03
58 98
59.09
63.11
63.53
63 47
63.58
33.14
33.56
33 75
33.68
44.01
44.32
44 29
44.36
146.1
145.4
144 0
143.2
71.68
71.93
72.31
71 18
71.48
75.46
75.89
76.36
75 28
75.70
33.90
33.67
33.36
32 57
33.05
153.0
152.0
150.9
150 1
150.8
74.12
73.17
73.07
71.50
72.62
67.30
66.60
66.62
64 94
64.39
Nov. 2
9
16
23
30
Dec. 7
14
21
28
73.87
73.96
74.47
74.14
78.11
78.13
78.68
78.32
39.13
39.84
40.48
40.03
65.18
65.65
65.88
65.65
162.7
162.4
162.2
161.2
[958 Nov 1 . . .
8
15
22
29
Aug. 1
8
15
22
29
.
. . .
I960 Nov. 5
12
19
26 .
Nov. 4
11
18
25
Dec 2
9
16
23
30
. .
. . .
15. COMMON STOCK PRICE INDEXES: SECURITIES AND EXCHANGE COMMISSION
A. ANNUALLY, 1939-63; MONTHLY, 1939-MAY 1964
[1957-59 = 100]
i
Mi inufacturing
Period
Manufacturing
Total
Total
Durable
Nondurable
Transportation
Public
utility
Trade,
finance, Mining
and
service
1939
26.8
21.2
22.3
20.3
33.8
55.4
29.3
29.3
1940
1941
1942
1943
1944
25.3
23.0
20.1
26.6
29.0
19.8
18.0
16.0
21.0
22.7
20.6
18.2
16.4
21.1
23.4
19.1
17.9
15.7
21.0
22.2
33.5
32.6
30.7
42.3
47.6
55.4
49.4
38.7
50.2
54.9
26.5
24.1
20.9
29.6
34.4
22.1
20.8
17.5
24.4
27.3
1945
1946
1947
1948
1949
35.2
40.1
35.1
35.6
34.3
27.4
31.1
28.1
29.1
28.1
28.8
30.9
26.8
27.7
25.9
26.3
31.4
29.4
30.2
29.9
64.2
68.4
50.4
53.4
46.0
62.6
67.1
58.5
55.0
54.4
43.8
59.9
47.8
46.0
47.1
33.5
36.7
34.3
38.9
37.9
1950
1951
1952
1953
1954
41.4
49.6
52.3
51.9
61.7
35.2
43.9
46.8
46.7
57.6
33.5
39.8
42.1
43.0
54.7
36.6
47.4
50.7
49.8
60.0
54.1
67.3
74.6
73.9
78.6
60.4
62.4
65.4
67.3
75.3
53.9
61.0
60.4
60.8
69.1
42.0
60.0
80.7
70.4
78.2
1955
1956
1957
1958
1959
81.8
92.6
89.8
93.2
116.7
79.5
93.2
90.7
92.5
116.5
78.7
91.5
88.5
90.4
120.8
80.1
94.5
92.8
94.4
112.6
108.2
110.6
93.2
91.0
115.6
84.8
86.4
86.3
95.8
117.6
87.1
89.9
82.2
95.1
122.3
91.6
104.6
107.2
97.9
95.0
1960
1961
1962
1963
113.9
134.2
127.1
142.3
110.9
126.7
118.0
133.3
117.3
129.2
116.5
129.3
104.9
124.4
119.4
137.1
95.8
105.7
97.8
122.5
129.3
168.4
167.2
180.5
127.4
160.2
155.0
169.3
73.8
92.5
98.0
123.5
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec..
27.4
27.4
27.5
24.3
25.2
25.8
26.0
25.8
28.1
28.6
28.5
27.8
22.0
21.9
21.8
19.0
19.7
20.1
20.2
20.1
22.6
22.9
22.7
22.1
23.3
23.4
23.3
19.4
20.2
20.6
20.9
20.9
24.0
24.6
24.2
23.5
20.8
20.6
20.6
18.8
19.3
19.6
19.6
19.4
21.5
21.5
21.3
20.9
35.1
33.6
35.4
29.2
30.7
31.2
31.3
30.9
36.0
38.9
37.8
36.2
53.1
54.9
56.0
52.5
54.9
55.9
56.2
56.6
54.9
56.2
57.4
57.5
29.3
30.0
30.1
26.8
28.5
30.0
30.5
30.0
28.6
29.7
30.0
29.2
31.2
30.5
31.1
28.3
29.4
30.0
29.7
29.3
28.3
28.2
28.0
27.1
1940—Jan..
Feb.,
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
27.6
27.7
27.7
28.1
24.7
22.5
23.0
23.6
24.5
24.7
25.3
24.5
21.9
21.9
21.9
22.2
19.5
17.5
17.8
18.4
19.1
19.3
19.8
19.1
22.7
22.7
22.6
23.0
19.8
17.7
17.9
18.9
20.0
20.6
21.5
20.7
21.2
21.2
21.3
21.6
19.3
17.4
17.7
17.9
18.4
18.2
18.3
17.8
35.5
35.5
35.8
37.0
31.6
29.1
30.8
31.6
33.5
34.3
35.1
33.2
58.1
58.5
58.4
59.0
54.1
51.7
53.9
54.1
54.5
54.3
54.6
54.2
29.3
29.5
29.6
29.9
25.4
22.9
24.1
24.8
25.9
26.1
26.1
25.3
27.2
26.5
25.3
25.6
21.4
18.2
18.2
18.4
20.4
20.7
22.8
21.8
1939—Jan..
Feb..
Mar.
Month
Total
Total
Durable
Nondurable
Transportation
Public
utility
Trade,
finance, Mining
and
service
1946—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec.
41.5
42.4
41.0
43.5
44.0
43.7
42.5
41.5
36.0
34.8
34.6
35.7
32.1
32.8
31.5
33.6
34.1
34.0
33.2
32.5
27.9
27.1
27.0
28.0
33.7
35.0
32.7
33.9
33.9
33.9
32.6
31.5
26.8
25.4
25.4
26.5
30.7
30.8
30.5
33.4
34.4
34.1
33.7
33.4
29.0
28.6
28.5
29.4
77.0
78.0
74.1
75.0
74.7
76.0
72.5
69.8
58.1
53.7
55.2
56.7
69.8
70.5
69.1
70.6
71.2
71.7
70.5
68.8
62.5
60.1
59.5
60.5
58.4
62.3
62.1
68.9
70.3
65.1
61.6
60.9
54.3
52.4
51.1
51.1
39.7
40.2
38.5
40.2
40.3
39.8
38.5
37.7
31.9
30.8
31.1
32.0
1947—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
35.6
37.0
35.2
33.8
33.1
34.4
36.4
35.7
34.8
35.8
35.2
34.8
28.0
29.2
27.8
26.8
26.3
27.5
29.4
28.7
28.0
29.0
28.7
28.4
26.7
28.7
27.1
25.8
25.0
25.7
27.5
26.9
26.2
27.5
27.3
27.0
29.1
29.7
28.5
27.8
27.6
29.2
30.9
30.3
29.6
30.2
30.0
29.7
54.1
56.9
52.5
49.6
46.8
47.6
52.0
50.6
48.7
50.0
47.9
48.7
62.2
62.7
60.7
59.2
58.3
57.4
58.3
57.8
58.0
57.8
55.5
53.9
49.8
51.6
48.3
45.7
44.2
47.4
51.2
49.2
46.6
47.6
46.9
45.4
32.3
33.9
33.5
32.8
32.8
34.2
36.0
35.4
34.5
35.1
34.9
36.4
1948—Jan..
Feb..
Mar.
Apr..
May.
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec
34.6
32.5
33.3
35.5
37.4
38.6
37.6
36.4
35.9
36.4
34.2
34.2
28.1
26.2
26.9
28.8
30.4
31.7
30.9
29.9
29.3
29.9
27.9
28.0
26.8
24.8
25.6
27.5
28.9
30.2
29.4
28.7
28.4
29.0
26.8
26.7
29.3
27.5
28.1
30.0
31.7
33.0
32.2
31.0
30.1
30.8
28.9
29.2
51.0
48.3
50.0
54.0
57.0
57.8
56.8
55.2
55.4
55.3
50.2
49.6
54.7
53.4
53.8
54.8
56.8
57.1
56.5
55.5
55.5
55.3
53.7
53.3
44.1
41.4
42.6
46.3
49.5
49.7
47.6
46.2
46.4
47.0
45.4
45.3
37.9
35.7
37.7
40.8
43.8
43.4
41.7
39.0
37.4
38.6
34.6
35.7
1949_j an ..
Feb.,
Mar.
Apr.,
May,
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
34.6
33.0
33.6
33.5
33.2
31.5
33.0
34.4
34.8
35.6
36.4
37.3
28.3
26.8
27.4
27.3
26.9
25.4
26.8
28.1
28.5
29.4
30.2
31.0
27.0
25.4
25.8
25.3
24.7
23.2
24.7
25.7
25.7
26.7
27.7
28.6
29.5
28.0
28.8
29.0
28.8
27.4
28.7
30.2
31.0
31.7
32.4
33.0
49.9
46.2
46.2
46.4
45.7
42.6
43.5
45.4
45.3
46.2
46.5
47.9
53.4
53.3
53.8
53.8
53.1
52.0
52.8
51.9
55.3
55.7
56.6
57.7
45.8
43.9
44.8
45.5
46.0
44.1
46.8
48.5
48.7
49.4
49.8
51.3
37.1
34.7
36.3
38.6
38.0
35.7
35.7
37.9
39.0
40.7
40.2
39.8
1950—Jan..
Feb.
Mar.
Apr.
May
June
37.8
38.5
39.0
40.0
41.5
41.9
31.4
32.1
32.4
33.5
35.1
35.8
29.6
30.7
30.8
31.9
33.3
34.3
33.0
33.3
33.7
34.9
36.6
37.1
50.5
51.1
51.4
51.2
51.6
49.8
58.6
59.7
62.1
62.5
63.7
62.8
52.0
52.5
52.6
52.3
53.0
52.9
39.2
38.9
38.9
39.2
41.7
41.1
1941—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
24.6
23.0
23.0
22.4
22.1
22.9
23.9
23.9
23.9
23.2
22.3
20.8
19.2
17.8
17.8
17.3
17.2
17.9
18.9
18.9
18.9
18.2
17.6
16.7
20.5
18.7
18.8
17.8
17.3
18.1
18.9
18.8
18.9
18.0
16.9
15.9
18.1
16.9
17.0
16.9
17.1
17.8
18.9
18.9
18.9
18.5
18.2
17.4
34.6
32.5
32.8
32.8
32.4
32.3
33.6
34.1
33.3
32.8
31.7
28.3
54.4
52.3
52.3
50.6
48.1
49.9
50.1
49.4
49.4
48.5
46.4
41.4
25.8
24.1
24.0
23.3
22.9
23.8
24.6
24.9
25.6
24.8
23.5
21.3
22.0
20.5
20.4
20.3
20.6
21.2
22.4
22.1
22.0
21.0
19.5
17.7
1942—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
20.8
20.2
18.8
18.3
18.4
19.3
19.9
19.9
20.1
21.5
22.0
22.1
16.5
15.9
15.0
14.6
14.7
15.4
16.0
15.9
16.0
17.2
17.5
17.7
16.5
16.3
15.8
15.4
15.2
15.9
16.4
16.2
16.3
17.7
17.7
17.7
16.6
15.6
14.2
13.9
14.2
15.0
15.6
15.6
15.7
16.9
17.3
17.7
31.6
31.6
29.1
27.6
27.7
27.3
29.3
30.4
31.2
34.4
34.4
33.2
40.7
40.2
37.4
35.9
36.3
37.3
37.0
37.4
38.0
40.4
42.1
41.5
21.3
20.7
19.2
18.5
18.9
20.4
21.1
21.4
21.5
21.9
22.9
23.3
18.4
18.2
16.0
15.1
15.8
17.4
17.9
17.6
17.9
17.7
18.8
19.1
1943—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
23.3
24.7
25.5
26.2
27.4
28.1
28.4
27.2
27.8
27.5
26.4
26.8
18.7
19.9
20.4
20.9
21.7
22.3
22.4
21.3
21.6
21.6
20.6
21.0
18.8
20.1
20.8
21.2
22.0
22.6
22.6
21.1
21.7
21.5
20.4
20.9
18.7
19.7
20.1
20.6
21.5
22.1
22.4
21.6
22.0
21.7
20.9
21.2
35.4
37.2
40.7
43.5
45.7
44.9
46.2
43.2
44.3
44.0
40.9
41.2
43.5
45.7
46.8
47.9
50.9
51.5
52.9
52.0
53.2
52 9
52.0
52.2
24.1
25.6
26.8
28.3
29.8
31.5
32.4
31.3
32.5
31.5
30.2
31.3
20.8
22.3
23.7
25.0
25.1
25.1
25.4
24.7
26.1
25.7
24.3
25.1
1944—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
27.5
27.3
28.0
27.7
28.0
29.3
30.1
29.8
29.4
30.1
29.9
30.6
21.6
21.3
21.9
21.6
22.0
23.0
23.7
23.4
23.0
23.6
23.3
23.8
21.7
21.4
22.2
22.0
22.3
23.7
24.5
24.3
24.1
24.6
24.2
24.8
21.5
21.2
21.7
21.4
21.7
22.5
23.0
22.7
22.1
22.6
22.6
22.9
43.6
45.3
46.5
45.7
45.9
47.1
48.8
48.3
46.9
48.9
49.3
53.6
52.7
53.0
53.5
53.2
53.4
54.7
56.0
56.2
55.8
56.4
56.4
56.7
32.0
31.5
32.8
32.2
32.5
34.3
35.2
35.4
35.4
36.6
36.7
37.6
26.1
25.3
26.0
26.2
26.5
27.8
29.4
28.8
27.7
27.8
27.5
28.2
1945_jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
31.5
32.3
32.3
33.3
34.4
34.8
34.1
34.5
36.6
38.4
39.4
40.5
24.6
25.4
25.4
26.1
27.0
27.0
26.3
26.8
28.4
30.0
30.5
31.4
25.5
26.5
26.4
27.3
28.3
28.5
27.7
28.5
30.5
31.5
31.7
33.0
23.8
24.4
24.5
25.1
25.8
25.7
25.0
25.3
27.1
28.7
29.5
30.1
56.0
56.8
57.3
59.9
63.0
66.5
64.7
62.3
64.9
69.4
72.8
75.7
57.0
57.5
57.8
58.8
60.1
62.2
63.5
63.6
65.1
66.4
69.1
69.0
37.6
38.5
38.6
39.9
41.6
43.0
41.5
43.0
45.9
48.8
51.9
54.6
30.3
32.0
31.9
32.1
32.5
32.8
32.1
31.4
32.7
35.1
38.0
39.9
1950—July.
Aug.,
Sept.
Oct..
Nov.
Dec.
39.3
41.4
42.8
44.3
44.5
44.3
33.5
35.6
36.8
38.3
38.6
38.3
31.7
33.9
35.2
37.1
37.1
36.1
35.0
37.0
38.2
39.3
39.9
40.2
51.6
55.6
56.9
57.9
57.8
62.3
58.2
58.7
59.4
59.8
59.5
59.0
49.8
51.8
55.1
58.2
58.9
57.4
39.4
42.9
44.0
45.2
46.1
46.7
1951—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
47.5
49.4
48.3
49.1
48.7
48.0
48.8
51.0
52.2
51.4
49.7
51.1
41.3
43.1
42.1
43.3
43.1
42.5
43.5
45.7
46.9
45.9
44.1
45.6
39.0
40.5
39.8
40.4
39.2
37.7
38.1
40.0
41.5
41.4
40.0
40.8
43.2
45.3
44.1
45.7
46.3
46.5
48.0
50.6
51.4
49.6
47.7
49.7
68.3
72.0
67.6
68.2
66.5
63.6
63.5
66.1
68.8
68.7
65.6
68.8
61.1
62.1
62.6
61.7
61.2
60.9
61.6
63.2
63.7
63.5
63.2
63.9
60.2
62.6
61.5
61.0
60.4
58.9
59.3
60.4
63.0
62.8
61.0
61.3
51.5
53.9
51.7
53.7
54.9
54.4
57.1
64.0
67.6
71.3
69.9
69.7
1952—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec
52.6
52.0
51.8
51.3
51.1
52.6
53.3
53.3
52.1
51.1
52.8
54.6
47.2
46.5
46.0
45.6
45.4
47.1
47.9
47.8
46.6
45.6
47.3
49.0
41.5
40.8
40.7
40.6
40.6
41.8
42.8
43.4
42.6
42.0
43.8
45.7
51.9
51.1
50.6
49.8
49.4
51.5
52.1
51.6
49.9
48.6
50.2
51.8
71.2
70.5
72.3
73.4
73.0
75.9
76.5
77.0
74.8
74.0
76.1
80.3
64.6
64.9
64.7
64.4
64.7
64.7
64.7
65.7
65.6
65.2
67.2
68.3
61.6
60.7
59.8
59.5
59.1
59.8
61.1
61.5
60.5
59.3
60.4
62.4
71.9
75.5
86.3
87.3
82.9
85.0
84.5
81.4
80.4
77.4
76.1
78.1
1953—Jan..
Feb.,
Mar.
Apr.,
May,
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec
54.9
54.2
54.7
52.0
52.1
50.3
51.1
51.0
48.6
50.2
51.3
51.9
49.4
48.6
49.3
46.8
46.9
45.2
46.0
46.0
43.5
45.3
46.5
47.1
46.4
45.4
46.2
43.3
43.7
41.7
42.0
41.5
39.1
41.2
42.5
42.9
51.9
51.1
51.9
49.7
49.5
48.0
49.4
49.7
47.2
48.8
49.7
50.6
80.8
79.4
80.5
75.4
76.3
74.1
75.4
73.4
67.2
68.4
68.9
67.6
68.8
68.9
68.9
66.7
66.5
64.6
65.9
66.9
65.9
67.3
68.3
69.0
62.3
61.9
62.5
60.9
61.4
59.9
60.4
60.5
58.1
59.0
60.7
61.4
76.5
74.9
76.9
73.8
72.3
69.5
69.3
69.2
64.2
64.0
67.7
67.2
1954_jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct.,
Nov.
Dec
53.3
54.5
55.6
57.9
59.9
60.1
62.5
63.6
64.5
65.4
68.3
71.9
48.5
49.7
50.9
53.7
55.8
55.9
58.5
59.5
60.7
61.9
64.8
68.5
44.4
45.6
46.8
49.8
51.9
52.8
56.8
57.4
58.1
59.7
63.5
66.6
51.9
53.1
54.4
57.0
59.1
58.5
59.8
61.2
62.7
63.6
65.8
70.1
69.7
72.5
71.8
71.5
74.6
76.2
78.9
80.1
79.8
81.3
87.7
96.3
69.9
71.2
72.3
73.1
74.4
74.4
76.8
78.0
77.5
76.6
78.3
79.9
62.5
63.4
63.0
64.5
66.2
67.0
69.2
71.3
72.5
72.9
76.4
78.5
69.8
73.3
75.9
77.8
78.9
77.9
75.3
76.9
78.4
78.9
81.3
90.8
1955_jan..
Feb.
Mar.
Apr.
May
June
72.6
75.4
75.0
77.0
77.6
81.3
69.3
72.2
71.6
73.7
74.3
78.6
68.5
71.4
71.0
72.9
72.4
76.9
69.9
72.8
71.9
74.2
75.7
79.9
97.4
101.5
103.2
108.3
110.2
113.7
80.5
83.1
83.6
84.3
85.1
85.5
79.2
81.0
80.6
81.4
82.3
86.3
92.0
92.1
92.2
91.1
88.6
91.8
15. COMMON STOCK PRICE INDEXES: SECURITIES AND EXCHANGE COMMISSION — Continued
A. ANNUALLY, 1939-63; MONTHLY, 1939-MAY 1964 — Continued
[1957-59 = 100]
I
Manufacturing
Month
Total
Total
Durable
TransportaNondu-! tion
rable
Public
utility
Manufacturing
Trade,
finance, Mining i
and
service
1955 -July
Aug
Sept
Oct
NOv
Dec
85.6
84.6
87.7
83.3
88.1
89.5
83.8
82.8
86.5
81.8
87.2
88.9
81.7
82.1
86.4
81.5
86.9
88.4
85.5
83.3
86.4
81.9
87.4
89.2
112.9
109.4
112.0
104.5
109.8
112.1
86.6
86.6
86.1
83.6
85.5
85.5
89.3
88.7
93.8
90.1
95.3
94.8
NOv
Dec
87.4
88.6
94.2
95.4
93.1
91.6
96.5
96.5
92.5
91.7
90.9
92.3
86.6
87.8
94.2
96.1
93.6
92.1
97.6
97.6
93.5
92.8
91.6
93.8
84.5
85.4
92.0
91.6
88.7
87.7
93.9
96.5
94.2
94.1
93.1
94.8
88.3
89.6
95.9
99.7
97.6
95.6
100.7
98.4
92.9
91.6
90.4
92.9
108.2
109.1
116.1
i 117.6
115.6
110.9
113.2
111.2
105.8
107.4
105.1
106.5
85.3
86.5
88.5
87.2
86.2
85.9
88.0
88.6
86.1
84.4
84.7
84.4
90.9
90.8
94.4
92.9
89.7
87.9
92.3
91.7
88.5
87.7
86.8
84.2
96.7
102.5
109.1
108.1
106.6
103.1
107.9
109.2
102.2
98.7
104.0
106.0
1957_jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
90.7
87.5
88.5
91.6
95.5
96.6
98.9
93.3
89.0
83.1
82.0
81.1
91.3
87.3
88.5
92.2
96.7
98.6
101.6
95.1
90.2
83.5
82.3
81.1
90.9
86.7
87.1
90.9
94.9
96.0
99.4
92.4
87.2
80.6
79.3
76.5
104.9
91.6
98.8
87.9
97.2
89.8
98.5
93.4
! 98.4
100.8
101.0
99.5
103.7
102.6
97.6
96.7
93.0
89.3
86.1
81.2
85.1 I 76.5
85.3 ! 72.2
86.8
87.3
87.7
88.7
90.2
88.2
87.6
85.7
84.1
82.3
82.6
83.9
83.6
82.0
83.1
83.6
85.1
84.1
85.4
82.9
81.7
78.8
77.8
77.6
107.9
102.8
106.4
110.2
122.0
125.5
125.9
114.7
106.2
91.6
86.8
85.6
1958-Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
83.0
83.1
85.1
85.2
88.1
90.2
92.4
95.8
98.4
103.0
106.3
108.1
82.5
82.1
84.3
83.9
86.8
89.0
91.4
95.4
98.1
103.1
106.2
107.4
79.0
79.3
81.4
79.9
83.3
85.5
88.6
93.7
97.3
103.4
105.9
107.8
85.7 ! 77.2
84.6 I 77.8
87.0 j 77.4
87.6 1 78.2
90.0
83.8
92.3
87.4
94.0
90.8
97.0
95.5
98.8
99.1
102.9
104.9
106.6
110.0
107.1
110.7
87.1
88.7
89.4
91.7
93.6
94.8
95.8
96.1
98.1
101.3
104.7
109.5
81.3
84.3
86.4
87.0
91.6
92.9
94.3
98.4
101.5
104.2
108.7
112.2
85.7
84.2
89.0
89.7
95.5
99.3
101.9
105.8
105.4
107.2
107.2
103.6
1959—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
112.5
111.1
113.9
115.8
117.7
116.7
121.3
120.7
116.3
116.3
116.5
120.5
111.3
109.0
112.1
114.1
117.2
116.8
122.0
121.3
116.7
116.5
117.2
122.1
113.1
111.1
113.6
116.1
119.9
121.7
128.5
126.2
122.7
122.7
122.8
128.8
109.7
107.2
110.7
112.3
114.8
112.3
116.1
116.9
111.3
110.8
112.2
115.9
117.0
118.1
120.7
123.1
120.2
115.6
118.5
119.1
114.6
115.8
114.4
115.1
116.0
118.2
119.8
119.5
120.4
122.0
126.1
125.0
123.5
124.0
125.2
127.0
106.0
103.4
102.9
103.3
98.8
94.2
95.0
95.9
90.3
84.1
82.1
85.8
Oct
1
For
http://fraser.stlouisfed.org/ note see p. 130.
Federal Reserve Bank of St. Louis
117.5
117.6
118.7
120.3
119.6
119.2
120.7
116.1
110.6
112.0
106.6
107.6
Total
Total
92.8
91.1
92.8
86.1
91.5
95.5
1956—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Month
Durable
Nondurable
Transi Trade,
porta- j Public I finance, Mining
tion | utility j and
service
I960—Jan.. ,
Feb..
Mar..
Apr..
May.
June.
July. .
Aug..
Sept..
Oct..
Nov..
Dec.
117.6
114.1
112.1
113.5
113.2
117.0
114.5
115.6
112.1
109.1
112.6
115.2
117.5
112.8
109.9
111.0
110.7
114.6
111.2
112.2
107.6
104.9
108.5
110.3
124.3
119.1
115.8
118.3
118.7
123.4
119.0
119.8
114.1
109.4
113.0
114.5
111.2
107.0
104,5
104.3
103.3
106.6
104.0
105.1
101.7
100.8
104.5
106.4
106.4
103.0
97.4
96.5
95.8
97.1
95.7
96.1
91.5
88.0
91.7
92.6
120.0
122.3
124.0
127.1
126.4
129.8
131.0
132.6
134.2
130.5
132.0
138.5
125.6
121.9
122.2
125.3
125.8
132.1
131.0
131.8
127.2
122.8
129.3
132.4
83.3
78.5
75.7
73.4
70.9
70.3
68.6
71.6
70.1
71.8
74.1
78.2
1961—Jan...
Feb..
Mar..
Apr..
May.
June.
July. .
Aug..
Sept..
Oct..
Nov..
Dec.
120.9
125.4
129.8
133.0
134.9
132.8
132.7
137.4
136.2
138.0
144.0
145.8
115.3
119.2
123.9
125.8
126.7
126.0'
125.2
130.1
128.9
129.1
133.7
135.6
118.6
121.4
127.8
128.5
130.6
128.0
126.5
131.3
131.7
132.2
135.7
138.1
112.2
117.3
120.3
123.3
124.9
124.2
123.9
129.0
126.4
126.4
131.9
133.3
100.3
102.6
104.2
103.4
107.5
105.1
103.3
107.0
106.8
110.1
109.9
107.9
148.7
156.0
159.2
168.9
170.0
164.0
166.7
170.6
168.9
173.9
186.0
188.4
134.8
139.8
146.7
150.4
153.1
156.0
158.5
164.2
166.4
176.6
187.7
188.0
85.1
89.0
89.2
93.5
96.9
97.0
93.1
92.8
87.3
90.3
95.1
101.1
1962—Jan...
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.
140.4
142.8
142.9
138.0
128.3
114.3
116.0
119.5
117.9
114.3
122.8
128.0
130.8
133.4
133.5
128.2
119.0
105.7
106.9
110.4
108.9
105.6
114.0
119.1
133.6
134.4
134.0
128.0
117.5
103.2
104.4
109.1
106.2
102.5
110.7
114.0
128.1
132.6
133.1
128.5
120.6
108.4
109.2
111.7
111.5
108.4
117.3
123.8
108.5
110.5
107.4
103.1
98.5
90.2
90.0
90.6
88.5
86.6
97.2
102.3
181.4
183.0
184.2
180.3
167.1
151.1
156.7
160.7
158.2
154.3
162.0
167.9
175.2
176.4
175.2
172.0
161.6
141.3
139.4
143.6
141.6
135.9
145.4
151.8
104.1
109.7
106.6
103.9
97.5
88.3
90.9
92.7
92.3
91.3
97.7
101.5
1963—Jan.. .
Feb...
Mar..
Apr..,
May.
June.
July..
Aug..
Sept..
Oct.. ,
Nov..
Dec.
132.6
135.0
133.7
140.7
143.2
142.5
140.7
144.6
148.2
148.7
147.3
151.1
123.6
125.5
124.5
132.0
134.3
133.7
131.8
135.6
139.4
139.9
138.0
141.4
119.2
121.0
118.7
126.9
130.7
130.8
126.6
130.4
135.5
138.0
136.6
137.7
127.7
129.7
129.9
136.9
137.7
136.7
136.7
140.5
143.2
141.6
139.4
145.0
107.3
110.3
109.3
116.3
124.2
127.2
125.8
128.8
128.0
128.2
129.5
134.9
173.0
177.5
174.5
179.2
180.6
178.0
176.7
180.9
182.9
184.8
186.4
191.3
155.8
158.4
158.6
164.8
170.0
170.6
168.5
173.1
179.7
179.9
174.9
176.5
106.8
109.3
111.5
120.1
123.2
125.2
127.3
132.3
132.9
130.0
127.9
135.2
155.7
158.3
160.9
163.0
164.4
146.3
149.0
152.8
154.9
156.0
142.9
144.7
150.9
151.8
152.2
149.7
153.0
154.8
158.0
159.7
140.4
145.2
150.4
153.2
158.0
196.0
197.3
194.5
195.7
195.7
178.3
182.1
185.3
189.2
194.6
140.2
143.4
143.0
149.3
160.7
1964—Jan
Feb
Mar
|
Apr
May*
I
15. COMMON STOCK PRICE INDEXES: SECURITIES AND EXCHANGE COMMISSION — Continued
B. WEEKLY, 1939-MAY 1964
[1957-59= 100]
Manufacturing
Week ending—
Total
TransportaNondution
rable
Public
utility
Trade,
finance, Mining
and
service
Manufacturing
Week ending—
Total
Transportation
Public
utility
Trade,
finance, Mining
and
service
Total
Durable
28.3
27.8
27.5
26.1
22.8
22.3
22.0
20.8
24.5
23.9
23.3
21.6
21.3
20.9
20.8
20.1
37.0
36.3
34.7
32.2
52.9
53.2
53.8
52.4
30.1
29.7
29.6
28.0
32.0
31.6
31.4
29.9
1940—Jan. 6 . . .
13...
20...
27...
28.4
27.3
27.4
27.5
22.6
21.5
21.6
21.7
23.7
22.4
22.3
22.5
21.6
20.9
21.1
21.1
37.1
34.9
34.8
35.1
58.3
57.6
58.3
58.2
30.0
28.9
29.1
29.2
27.6
27.2
26.9
26.9
Feb. 4
11
18
25
27.3
27.2
27.5
27.8
21.8
21.9
21.9
22.1
23.1
23.3
23.4
23.8
20.6
20.6
20.6
20.6
34.3
30.3
34.6
35.3
54.5
54.7
55.1
55.4
29.7
29.6
30.0
30.5
30.5
30.3
30.6
30.7
Feb. 3 . . .
10...
17...
24...
27.3
27.9
27.9
27.6
21.6
22.1
22.1
21.8
22.3
23.0
23.0
22.6
20.9
21.3
21.4
21.1
34.9
35.9
35.9
35.2
58.4
58.5
58.5
58.5
29.2
29.7
29.6
29.4
26.5
26.5
26.6
26.3
Mar. 4
11........
18
25
28.3
28.7
26.6
26.7
22.5
22.7
21.0
21.1
24.3
24.5
22.2
22.1
20.8
21.2
20.1
20.2
37.3
37.4
33.3
33.7
56.0
58.5
54.4
54.8
30.7
31.3
29.2
29.0
31.6
32.1
30.3
30.3
25.0
23.0
24.6
24.5
24.4
19.6
17.9
19.3
19.2
19.1
20.3
18.1
19.8
19.5
19.4
19.1
17.8
19.0
19.0
18.9
30.9
27.1
29.7
29.2
29.1
53.0
50.8
52.7
53.1
53.3
27.7
25.3
27.4
26.8
27.0
28.9
27.2
28.5
28.6
28.6
27.5
27.9
27.3
27.6
28.0
21.7
22.0
21.6
21.9
22.1
22.5
22.8
22.1
22.6
22.9
21.1
21.3
21.1
21.2
21.5
35.3
36.2
34.9
35.8
36.7
58.3
59.0
58.1
58.2
58.5
29.4
29.7
29.4
29.8
29.9
25.4
25.3
25.1
25.3
25.5
Apr. 1
8
15
22
29
Mar. 2 . . .
9...
16...
23...
30...
Apr. 6 . . .
13...
20...
27...
28.7
28.2
27.8
27.8
22.7
22.3
22.0
22.0
23.7
23.2
22.6
22.5
21.8
21.6
21.4
21.5
38.3
36.9
36.4
36.2
59.6
58.9
58.9
58.6
30.6
30.0
29.5
29.4
26.2
25.7
25.3
25.1
May 6
13
20
27
25.1
25.1
24.9
25.8
19.6
19.6
19.3
20.1
20.1
20.0
19.7
20.8
19.3
19.2
19.0
19.5
30.3
30.6
30.2
31.7
54.0
54.9
54.9
56.0
27.9
28.4
28.2
29.7
29.2
29.6
29.0
29.7
May 4 . . .
11...
18...
25...
27.7
27.1
22.7
21.5
21.9
21.5
17.9
16.7
22.4
22.0
17.9
16.8
21.5
21.1
17.9
16.8
36.2
35.0
28.2
27.1
58.8
57.6
50.6
49.3
29.0
28.0
22.6
22.0
24.8
24.0
19.2
17.6
June 3
10
17
24
25.8
26.3
25.4
25.7
20.1
20.5
19.8
20.0
20.7
21.0
20.2
20.4
19.5
20.0
19.4
19.6
31.6
31.7
30.7
30.9
55.9
57.3
54.7
55.5
29.8
30.4
29.7
30.2
29.8
30.4
29.8
30.1
July 1
8
15
22
29
24.6
25.0
25.9
27.2
27.0
19.1
19.4
20.2
21.3
21.1
19.3
19.7
20.8
22.5
22.1
19.0
19.2
19.6
20.2
20.2
54.1
55.0
56.4
57.6
57.8
29.1
29.5
30.5
31.7
31.4
28.6
29.8
29.9
30.2
30.0
21.6
21.7
23.1
23.0
23.0
16.8
16.9
18.1
17.9
17.8
16.9
16.9
18.5
18.1
17.9
16.7
16.9
17.8
17.7
17.6
27.2
27.7
29.2
30.2
30.9
49.7
49.9
52.1
52.7
53.9
21.9
21.9
23.4
23.8
23.9
18.0
17.9
18.9
18.1
18.1
29.1
29.8
31.1
33.7
32.7
June 1 . . .
8...
15...
22...
29...
July 6 . . .
13...
20...
27...
23.0
23.0
23.0
23.1
17.8
17.8
17.8
17.8
17.9
17.8
17.9
18.1
17.7
17.7
17.7
17.6
31.0
30.6
30.7
30.9
54.0
53.8
53.9
53.8
23.9
23.9
24.2
24.2
18.4
18.3
18.2
17.9
Aug. 5
19
26
26.7
26.0
25.3
25.5
20.8
20.2
19.6
19.8
21.8
21.2
20.2
20.6
19.9
19.4
19.1
19.2
32.4
31.4
29.9
29.9
57.9
56.8
55.8
56.1
31.1
30.1
29.4
29.4
29.8
29.4
29.2
28.7
25.7
28.4
28.5
28.8
28.9
20.5
23.0
23.0
23.3
23.3
21.2
24.3
24.4
24.9
25.1
19.8
22.0
21.8
22.0
21.7
29.4
35.1
36.6
38.1
40.7
53.5
55.2
55.6
54.8
55.4
28.0
28.6
28.8
28.8
28.7
28.7
29.3
27.9
28.3
27.3
23.7
23.8
22.9
23.5
24.2
18.4
18.5
17.7
18.3
18.9
18.9
19.3
18.1
18.8
19.7
17.9
17.9
17.5
17.8
18.2
31.4
31.4
30.4
31.5
33.2
54.8
54.4
53.1
53.9
54.3
25.0
24.9
24.0
24.6
25.4
18.4
18.3
17.8
18.7
19.1
Sept. 2
9
16
23
30
Aug. 3 . . .
10...
17...
24...
31...
Sept. 7 . . .
14...
21...
28...
24.9
23.9
24.6
24.6
19.4
18.6
19.2
19.2
20.2
19.3
20.2
20.2
18.8
18.0
18.4
18.4
34.2
32.8
33.7
33.4
55.5
54.1
54.2
54.1
26.2
25.3
26.2
26.0
20.7
20.0
20.5
20.5
Oct. 7
14
21
28
28.2
28.3
29.0
29.0
22.7
22.7
23.3
23.1
24.1
24.3
25.0
24.8
21.3
21.4
21.7
21.7
38.4
38.3
39.6
39.3
55.3
55.7
56.8
57.2
28.9
29.1
30.1
30.6
28.4
27.7
28.0
28.4
Oct. 5 . . .
12...
19...
26...
24.9
24.4
24.7
24.9
19.5
19.1
19.2
19.5
20.6
20.2
20.6
21,0
18.5
18.0
18.0
18.2
34.7
34.0
34.4
34.2
54.4
53.6
54.8
54.3
26.4
25.8
26.0
25.9
20.9
20.4
20.6
21.0
Nov. 4
11
18
25
28.9
28.3
28.6
28.0
23.1
22.5
22.8
22.3
24.8
24.1
24.4
23.6
21.6
21.2
21.4
21.1
38.4
37.4
38.1
37.1
57.5
57.1
57.6
57.5
30.4
29.5
30.2
29.7
28.6
27.8
28,2
27.5
27.6
27.8
27.8
27.9
28.0
21.9
22.1
22.1
22.2
22.3
23.1
23.4
23.7
23.6
23.6
20.9
20.9
20.8
2L0
21.2
35.9
36.2
36.1
36.1
36.5
57.1
57.6
57.1
57.5
58.0
29.1
29.0
29.0
29.3
29.6
27.1
27.5
27.2
27.0
26.8
25.4
26.1
25.4
24.9
24.5
19.9
20.6
20.0
19.5
19.2
21.4
22.5
21.7
21.1
20.8
18.5
18.9
18.6
18.0
17.8
35.1
35.9
35.7
34.8
33.6
55.2
55.3
54.4
54.3
53.7
26.5
26.7
26.2
25.5
25.4
21.5
23.9
23.4
22.7
22.2
Dec. 2
9
16
23
30
Nov. 2 . . .
9...
16...
23...
30...
Dec. 7 . . .
14...
21...
28...
24.6
24.7
24.2
24.4
19.2
19.4
18.9
19.1
20.8
21.0
20.4
20.5
17.8
18.0
17.7
17.8
33.6
33.4
32.4
33.4
54.4
54.3
53.8
54.0
25.5
25.7
24.8
25.4
22.1
22.3
21.4
21.4
1939—Jan. 7
14
21
28
12
Total
Durable
Nondurable
15.
COMMON STOCK PRICE INDEXES: SECURITIES AND EXCHANGE COMMISSION — Continued
B. WEEKLY, 1939-MAY 1964—Continued
[1957-59 = 100]
Manufacturing
Total
Total
Durable
Nondurable
Transportation
Public
utility
Trade,
finance, Mining
and
service
Manufacturing
Week ending—
Total
Total
Durable
Nondurable
Transportation
Public
utility
Trade,
finance, Mining
and
service
1941 Jan 4
11
18
25
19.5
19.6
18.9
18.9
20.8
20.9
20.1
20.1
18.3
18.4
17.9
17.8
33.8
35.3
34.5
34.8
54.5
54.7
54.3
54.2
25.9
26.1
25.6
25.6
21.8
22.4
22.0
21.9
1943—Mar. 6
13.
20
27
25.4
25.5
25 1
26.1
20.3
20.4
20 0
20.9
20.7
20.8
20 4
21.4
20.1
20.0
19 7
20.4
40.4
40.9
40 0
41.6
47.3
46.8
46 1
47.1
26.2
26.7
26 5
27.8
23.6
23.2
22 9
24.9
Feb. 1
8
15
22
23.3
23.6
22.4
22.7
18.0
18.3
17.2
17.5
19.0
19.5
18.1
18.4
17.2
17.3
16.5
16.7
32.9
33.4
31.5
32.2
52.9
53.1
51.7
51.5
24.5
24.9
23.5
23.6
21.1
21.2
19.7
20.2
Apr 3
10
17.
24
26 5
25.7
26.3
26.4
21.1
20.5
20.9
21.0
21 6
20.9
21.2
21.3
20.7
20.1
20.7
20.7
43 7
42.5
43.6
44.2
47 9
46.8
48.1
48.8
28 5
27.6
28.5
28.4
25.5
24.6
25.0
25.1
Mar. 1
8
15
22
29
22.9
23.0
23.3
22.9
23.1
17.8
17.8
18.0
17.8
17.8
18.8
18.8
19.1
18.7
18.7
16.9
16.9
17.1
17.0
17.1
32.6
32.6
33.0
32.4
33.4
52.2
52.4
52.5
52.2
52.1
23.9
24.1
24.1
24.0
23.9
20.2
20.1
20.6
20.7
20.5
May 1..
8
15
22.
29
26.9
27 5
27.1
27.5
28 1
21.3
21.8
21.5
21.7
22.2
21.6
22.1
21.7
22.1
22.4
21.0
21.6
21.3
21.5
22.1
45.0
46 1
45.0
45.7
46 5
50.1
51.0
50.6
51.1
51.7
29.0
29 7
29.4
30.0
31 2
24.9
25.2
24.8
24.7
25.6
Apr. 5
12
19
26
©
24.9
25.1
24.4
24.3
23.5
22.3
21.9
22.0
18.2
17.2
16.9
17.0
18.9
17.8
17.1
17.3
17.6
16.8
16.7
16.7
34.4
32.2
31.8
32.8
51.9
50.6
50.2
49.7
24.3
23 A
22.9
22.7
21.2
20.3
19.7
20.1
June 5
12
19
26
28.4
28.0
27.6
28.3
22.6
22.2
21.9
22.5
22.9
22.5
22.1
22.8
22.3
21.9
21.8
22.2
46.0
44.5
43.8
45.1
52.0
51.9
50.8
51.5
31.5
31.3
31.0
32.1
25.7
25.1
24.7
25.1
May 3.
10
17
24
31
21.9
22.4
22.0
22.1
22.0
17.0
17.4
17.1
17.3
17.1
17.1
17.8
17.2
17.4
17.3
16.9
17.2
17.1
17.2
17.0
32.7
33.6
31.8
31.9
31.8
48.4
48.4
47.9
47.9
47.9
22.6
23.0
23.1
23.1
22.9
20.2
20.8
20.6
20.7
20.6
July 3.
10
17
24.
31
28.5
28.7
29.0
28.9
27.0
22.6
22.7
22.9
22.7
21.2
23.0
22.9
23.1
22.8
21.0
22.3
22.5
22.8
22.8
21.4
46.0
46.6
47.5
47.8
43.0
52.3
52.9
53.5
53.7
52.0
32.6
32 7
32.9
33.0
30 9
25.3
25.1
26.3
25.8
24.6
June 7
14
21
28
22.6
23.0
22.9
23.2
17.6
18.0
17.9
18.2
17.7
18.2
18.2
18.3
17.5
17.8
17.7
18.1
32.0
32.6
32.0
32.7
50.1
50.1
49.7
49.8
23.2
23.9
23.9
24.0
20.8
21A
21.3
21.3
Aug. 7
8
i4..:......
21
28
26.9
27.4
27.1
27.2
21.2
21.6
21.3
21 3
. 20.9
21.3
21.0
21 1
21A
21.8
21.6
21.5
42.6
44.0
, 42.8
43.3
51.5
52.1
52.1
52.3
30.6
31.6
31.5
31 5
24.1
24.8
24.6
25.3
July 5
12
19
26
23.4
23.9
24.0
24.2
18.3
19.0
19.0
19.2
18.3
19.1
19.0
19.1
18.3
19.0
19.0
19.3
32.8
33.8
33.5
34.3
50.3
50.3
50.0
49.7
24.1
24.7
24.8
24.9
21.6
23.0
22.3
22.6
Sept 4
ii::::..:::
18
25
27.5
27.7
28.2
28.0
21.6
21.6
22.1
22.0
21.3
21.5
22.1
21.9
21.8
21.9
22.2
22.2
43.6
43.7
45.3
44.4
53.0
53.3
•53.1
53.1
31.8
32.5
33.2
32.6
25.6
25.9
26.3
26.5
Aug 2
9
16
23
30
24.2
23.9
23.6
23.8
24.1
19.1
18.9
18.6
18.8
19.0
19.1
18.8
18.5
18.7
19.0
19.2
19.0
18.7
18.8
19.0
34.7
33.9
33.8
34.1
34.2
49.8
49.3
48.8
49.2
49.8
24.8
24.6
24.6
25.1
25.5
22.7
22.4
21.8
21.7
21.9
Oct 2.
9
16
23
30
27.9
27.2
27.4
27.5
27.5
'22.0
21.4
21.5
21.5
21.6
21.8
21.2
21.4
21 5
21.5
22.1
21.5
21.6
21.6
21.7
44.4
43.7
44.1
44 0
44.1
53.0
52.4
52.7
53.0
53.3
32.4
30 9
31.1
31 2
31.7
26.7
25.5
25.4
25.5
25.3
Sept. 6
13
20
27
24.0
24.0
24.0
23.7
18.9
19.0
18.9
18.7
19.0
19.0
19.0
18.7
19.0
19.0
18.9
18.7
33.7
33.5
33.2
33.0
49.7
49 A
49.5
49.2
25.6
25.7
25.8
25.4
22.0
22.3
22.2
21.6
Nov. 6
13
20
27.
'26.8
26.2
26.5
26.0
21.0
20.5
20.7
20.3
20.8
20.2
20.5
20.0
21.3
20.8
20.9
20.7
41.8
41.0
41.2
39.6
52.4
51.8
52.3
51.4
30.9
29.9
30.5
29.7
25.2
23.6
24.4
24.0
Oct 4
11
18
25
23.7
23.1
22 8
23.0
18.7
18.2
17 9
18.1
18.6
17.9
17 7
17.7
18.8
18.4
18 1
18.5
33.5
32.9
32 2
32.7
49.2
48.5
48 1
48.1
25.5
24.8
24 5
24.5
21.5
21.2
20 8
20.8
Dec 4
11
18
25
26.2
26.9
27 0
26.9
20.5
21.1
21 2
21.2
20.3
20.9
21 1
21.1
20.7
21.3
21 4
21.3
40.0
41.4
41 4
41.4
51.9
52.5
51 9
52.1
30.6
31.3
31 4
31.5
24.1
25.4
25 4
25.2
Nov 1
g
15
22
29
22.5
22 6
22 2
22 3
21.7
17.7
17 8
17 5
17 6
17.1
17.3
17 3
16 8
17 0
16.3
18.2
18 4
18.2
18 2
17.9 .
32.2
32 0
31.3
32 0
30.7
47.1
46 9
46.3
46 7
45.1
24.2
23 8
23.3
23 4
22.9
19.7
19 8
19.4
19 5
18.8
Jan 1
8
15
22
29
27.1
27 5
27 6
27 6
27.4
21.2
21 6
21.7
21 6
21.4
21.2
21 7
21.9
21 8
21.5
21.3
21 6
21 6
21 6
21.4
41.7
42 6 43.5
44 4
43.7
52.4
52 6
52.6
52 5
52.9
31.7
32 1
32.1
32 2
31.9
25.5
25 8
26.6
26 3
25.9
Dec 6
13
20
27
22 3
20.7
20 2
20.0
17.6
16.6
16 3
16^2
16.8
15.8
15 5
15^6
18.3
17.4
17 1
16.8
30.9
27.9
27 5
27.1
46.7
41.6
39 1
37.9
23 A
21.3
20 3
20.2
19.1
17.9
16 9
16.9
Feb. 5
12
19
26
27.0
27.2
27 3
27.5
21.1
21.3
21 3
21.4
21.2
21.4
21 4
21.7
21.1
21.2
21 2
21.2
43.7
44.8
46 0
46.6
52.6
52.9
53 0
53.5
31.4
31.3
31 4
32.0
24.5
25.5
25 4
25.6
1944
27.6
28.2
28.4
28.1
21.5
2"2.0
22.2
22.0
21.7
22.4
22.6
22.3
21.3
21.7
21.9
21.7
45.6
46.3
47.3
46.8
53.5
53.7
53.6
53.4
32.2
32.9
33.3
32.9
25.6
26.0
26.3
26.1
Apr. 1.
8.
15.
22.
29.
27.9
28.0
27.8
27.4
27.5
21.8
21.9
21.7
21.3
21.5
22.1
22.2
22.0
21.7
21.8
21.6
21.6
21.4
21.1
21.4
46.2
46.2
46.2
45.0
45.2
53.3
53.5
53.4
53.2
52.8
32.5
32.5
32.5
31.7
32.1
25.8
26.5
26.3
26.2
26.0
16.7
16.7
15.3
15.1
20.
27.
27.9
27.8
28.1
28.4
21.9
21.7
22.0
22.3
22.2
22.0
22.3
22.6
21.6
21.5
21.8
22.0
45.6
45.3
46.2
46.4
53.1
53.0
53.6
54.0
32.4
32.2
32.5
32.8
26.3
26.1
26.5
26.9
19.1
19.0
18.3
17.9
15.6
15.3
14.8
14.8
June 3.
10.
17.
24.
28.6
28.7
29.9
29.9
22.5
22.6
23.6
23.6
22.8
23.0
24.4
24.5
22.2
22.2
23.0
22.8
46.4
45.6
48.0
48.4
54.3
54.5
54.9
55.2
33.5
33.6
34.9
35.1
27.2
27.3
27.9
28.7
35.8
35.4
36.5
37.0
36.9
17.8
18.4
18.8
19.4
20.0
15.3
15.7
15.7
16.3
16.2
July 1.
8.
15.
22.
29.
30.1
30.7
30.7
29.5
29.6
23.7
24.2
24.2
23.2
23.2
24.7
25.2
25.2
23.7
23.8
22.9
23.3
23.4
22.7
22.7
48.4
49.6
50.0
47.9
48.4
56.2
56.5
56.0
55.2
56.0
35.3
35.6
35.8
34.5
35.0
29.1
30.3
30.1
28.7
28.8
27.5
27.3
27.2
27.4
38.4
37.7
37.0
36.1
20.7
20.4
20.5
20.2
17.2
17.3
17.6
17.3
Aug. 5.
12.
19.
26.
29.4
29.8
30.3
29.8
23.0
23.4
23.8
23.4
23.8
24.3
24.8
24.3
22.4
22.6
23.0
22.6
47.7
48.7
48.9
47.8
56.0
56.1
56.4
56.3
34.8
35.2
35.9
35.5
28.2
28.9
29.5
28.8
15.1
15.9
15.7
15.7
28.5
29.5
29.3
29.8
36.7
37.2
37.1
37.1
20.6
21.2
21.2
21.3
17.2
18.4
18.0
17.8
Sept. 2.
9.
16.
23.
30.
15.4
15.4
15.6
15.8
15.7
30.0
29.6
30.3
31.4
30.8
21.4
20.9
21.4
21.6
21.5
24.5
23.6
23.7
24.1
24.4
22.5
21.7
21.8
22.2
22.3
48.0
46.1
46.1
46.7
47.8
56.5
55.1
55.5
55.7
55.9
35.9
34.9
34.9
35.4
36.1
37.0
37.1
37.3
37.9
37.6
23.4
22.6
22.7
23.1
23.3
28.9
27.7
27.2
27.4
27.7
16.2
16.0
16.3
16.4
16.2
17.6
17.6
17.4
17.7
17.7
29.9
28.9
29.0
29.4
29.7
Oct. 7.
14.
21.
28.
30.2
30.2
30.2
29.7
23.7
23.6
23.7
23.2
24.8
24.8
24.8
24.1
22.7
22.7
22.7
22.5
48.9
48.8
49.3
48.6
56.3
56.5
56.4
56.4
37.1
36.8
36.6
36.1
28.2
28.1
27.7
27.3
15.9
15.8
16.0
16.3
16.2
16.1
16.3
16.7
15.6
15.5
15.7
16.0
30.9
30.7
31.1
32.0
38.1
38.0
37.7
38.1
21.5
21.4
21.3
21.8
17.6
17.6
17.9
18.2
Nov. 4.
11.
18.
25.
30.0
30.2
29.6
29.8
23.4
23.6
23.1
23.2
24.4
24.6
23.9
24.0
22.7
22.8
22.4
22.5
49.2
49.8
48.8
49.4
56.6
56.5
56.1
56.3
36.6
36.8
36.6
36.7
27.2
27.5
27.0
28.2
20.9
21.5
21.4
22.0
21.7
16.7
17.3
17.2
17.7
17.3
17.2
17.8
17.6
18.3
17.7
16.3
16.9
16.9
17.2
17.1
33.8
34.6
34.0
34.5
35.2
38.2
41.2
40.1
41.1
41.1
21.9
22.1
21.7
22.0
22.0
17.5
17.2
17.2
18.5
18.1
Dec. 2.
9.
16.
23.
30.
30.0
30.7
30.9
30.6
30.9
23.3
23.9
24.0
23.7
24.0
24.2
25.0
25.2
24.8
25.0
22.5
23.0
23.1
22.9
23.2
50.9
52.9
54.4
54.8
55.0
56.6
56.8
56.8
56.7
56.6
37.0
37.8
38.1
37.5
37.8
27.5
28.1
28.4
28.0
28.8
Nov. 7
14
21
28
22.2
22.0
21.9
21.6
17.7
17.5
17.4
17.2
18.2
17.9
17.7
17.2
17.4
17.3
17.2
17.2
35.5
34.9
34.0
33.4
42.2
42.2
42.3
41.8
22.8
22.9
22.8
23.0
18.5
18.5
19.2
19.0
1945—Jan. 6.
13.
20.
27.
31.3
31.8
31.2
31.5
24.4
24.8
24.4
24.7
25.4
25.8
25.2
25.6
23.5
23.9
23.7
23.9
56.7
57.7
54.7
55.0
57.0
57.2
57.0
56.8
37.8
37.6
37.1
37.8
29.6
30.5
30.1
31.1
Dec. 5
12
19
26
21.7
21.8
22.3
22.5
17.3
17.4
17.9
18.1
17.3
17.4
18.0
18.1
17.4
17.4
17.9
18.3
33.1
32.3
33.7
33.7
41.6
42.0
41.2
41.2
23.1
22.9
23.5
23.6
18.7
18.7
19.0
20.1
Feb. 3.
10.
17.
24.
31.8
32.0
32.6
32.8
24.9
25.1
25.6
25.8
26.0
26.3
26.6
26.9
24.0
24.2
24.7
24.8
55.3
55.5
58.3
58.2
57.0
57.5
57.9
57.8
38.1
38.1
38.8
38.8
31.6
31.5
32.1
32.8
1943—Jan. 2
9
16
23
30
22.7
22.9
23.3
23.5
24.0
18.2
18.3
18.7
18.9
19.4
18.2
18.4
18.8
19.0
19.5
18.3
18.3
18.6
18.8
19.3
34.3
34.8
35.7
35.9
36.1
42.0
43.7
44.0
43.4
44.2
23.6
23.5
24.1
24.3
25.1
20.1
20.1
20.9
20.9
22.0
Mar. 3.
10.
17.
24.
31.
33.1
32.3
32.8
31.8
31.8
26.0
25.4
25.7
24.8
24.9
27.2
26.4
26.7
25.8
25.9
25.0
24.6
24.9
24.0
24.0
58.6
56.4
58.7
56.4
56.4
58.0
58.0
58.0
57.5
57.3
39.3
38.5
39.2
38.1
38.2
33.0
31.9
32.3
31.0
31.6
Feb. 6
13
20
27
24.2
24.6
24.7
25.3
19.5
19.8
19.9
20.2
19.6
20.0
20.1
20.5
19.4
19.7
19.7
20.0
36.0
36.3
37.0
39.6
44.0
45.2
46.2
47.6
25.4
25.8
25.5
25.9
21.8
22.2
22.2
23.0
Apr
32.2
33.0
33.7
34.2
25.2
25.8
26.5
26.8
26.2
27.0
27.7
28.1
24.3
24.8
25.5
25.8
57.2
58.8
60.4
63.1
57.7
58.6
59.1
59.5
38.7
39.6
40.5
40.8
31.6
32.3
32.1
32.5
1942—Jan. 3
10
17
24
31
21.2
20.6
20.8
20.7
20.6
16.9
16.4
16.6
16.5
16.3
16.7
16.4
16.7
16.5
16.4
17.1
16.5
16.6
16.4
16.3
30.5
31.1
31.8
32.5
32.1
42.0
40.4
40.5
40.2
40.5
21.9
21.2
21.5
21.1
21.0
17.8
18.0
18.7
18.6
18.9
Feb. 7
14
21
28
20.6
20.2
19.8
20.0
16.3
16.0
15.6
15.8
16.5
16.2
16.2
16.4
16.2
15.8
15.1
15.3
32.6
31.4
31.2
31.3
40.7
39.9
40.1
40.2
21.3
20.6
20.3
20.5
18.7
18.1
18.0
18.1
Mar. 7
14
21
28
19.2
18.7
18.9
18.6
15.2
14.8
15.0
14.9
15.9
15.7
16.0
15.8
14.6
14.0
14.2
14.0
29.8
29.1
29.2
28.1
38.2
37.4
37.2
36.5
19.7
19.1
19.3
19.0
18
25
18.8
18.6
18.1
17.6
15.0
14.8
14.4
14.0
16.0
15.6
15.1
14.8
14.2
14.1
13.9
13.4
28.2
28.4
27.1
26.8
36.9
36.4
35.8
34.7
May 2
9
16
23
30
18.0
18.4
18.4
18.5
18.8
14.3
14.7
14.6
14.7
15.0
15.0
15.3
15.2
15.2
15.5
13.8
14.2
14.1
14.3
14.5
27.9
27.9
27.6
27.4
27.9
June 6
13
20
27
19.4
19.3
19.3
19.1
15.5
15.4
15.5
15.3
16.0
15.9
15.9
15.7
15.0
15.0
15.1
14.9
July 4
11
18
25
19.4
20.2
20.0
19.9
15.6
16.3
16.1
15.9
16.1
16.7
16.6
16.3
Aug. 1
8
15
22
29
19.8
19.6
19.9
20.2
20.0
15.8
15.7
15.9
16.1
15.9
19
26
20.0
19.8
20.0
20.5
Oct. 3
10
17
24
31
Apr
-,f::::::::
Sept
,l::::::::
1944—Mar. 4.
11.
18.
25.
-il:
21.
28.
15. COMMON STOCK PRICE INDEXES: SECURITIES AND EXCHANGE COMMISSION — Continued
B. WEEKLY, 1939-MAY 1964 —Continued
[1957-59 = 100]
Manufacturing
Week ending—
Total
TransportaNondution
rable
Public
utility
Trade,
finance, Mining
and
service
Manufacturing
Week ending—
Trade,
finance, Mining
and
service
Transportation
Public
utility
30.5
30.8
30.9
31.3
50.0
51.7
52.3
54.0
58.4
58.4
58.1
58.5
50.2
51.4
51.2
52.0
34.8
36.4
36.0
36.8
27.4
26.6
27.1
26.9
26.6
30.8
30.4
30.4
30.2
30.0
51.8
50.0
51.0
50.2
50.0
58.1
57.4
57.8
57.8
58.1
50.8
48.9
49.6
48.7
48.1
35.8
34.8
35.6
35.4
35.4
28.0
27.9
28.4
27.7
26.2
26 0
26.6
26.0
29.7
29 6
29.9
29.2
49.1
48 4
49.1
48.2
58.2
58 1
58.1
57.6
47.0
46 7
46.9
45.8
34.8
34.4
34.7
34.1
35.4
35.5
36.3
35.9
28.6
28.7
29.4
29.1
27.1
27,3
28.1
27.7
29.9
30.0
30.6
30.4
49.9
49.4
50.9
49.9
57.9
57.6
58.0
57.6
47.0
46.9
48.6
48.1
34.6
34.7
35.6
35.4
Total
Total
Durable
34.6
34.1
34.4
34.4
27.2
26.8
27.0
26.8
28.5
28.1
28.4
28.2
26.1
25.7
25.8
25.6
63.1
62.2
62.8
64.0
59.9
59.9
60.3
60.5
41.4
40.5
41.8
42.8
32.7
32.7
32.7
32.0
June 2
9
16
23
30
34.8
34.6
34.9
35.2
34.6
27.0
26.8
27.0
27.3
26.7
28.5
28.3
28.6
28.8
28.2
25.7
25.5
25.7
25.9
25.4
65.4
65.2
66.6
67.8
67.5
61.8
61.7
62.0
63.0
62.8
43.5
43.3
43.2
42.8
41.9
32.1
32.4
32.8
34.0
33.0
Aug 2
9 ... .
16
23
30
July 7
14
21
28
34.4
34.7
33.8
33.4
26.5
26.7
26.0
25.7
27.9
28.3
27.4
27.1
25.3
25.4
24.9
24.5
66.1
66.4
63.7
62.5
63.5
64 3
63.5
62.9
41.9
42 0
41.5
40.8
32.7
32 8
31.7
31.1
Sept. 6
13
20
27.
Aug. 4
11.:.:...:
18
25
34.0
34.1
33.9
34.8
26.1
26.4
26.3
27.1
27.6
27.9
27.8
29.0
24.9
25.1
25.0
25.4
63.5
62.6
60.0
61.8
63.6
63.4
63.0
63.5
41.8
42 2
42.1
43.7
31.5
31.3
30.9
31.2
Oct 4
11.
18
25
Sept. 1
8
15
22
29.
35.8
36.4
36.0
36.8
37.4
28.1
28.5
28.1
27.8
29.2
30.1
30.4
29.7
30.7
31.2
26.3
26.8
26.8
27.2
27.5
63.3
63.3
63.8
65.0
67.6
64.4
64.9
64.7
65.2
65.6
44.9
45.6
44 9
46.2
47.2
32.3
32.2
31.8
33.2
33.5
Nov 1
8
15
22
29
35.7
35.4
35.1
35.3
34.6
29.0
28.8
28.6
28.9
28.3
27.7
27.4
27.1
27.5
26.8
30.3
30.1
30.0
30.1
29.6
48.9
47.9
47.4
48.6
46.9
56.8
56.3
55.3
55.2
54.3
47.9
47.1
46.9
46.9
45.9
34.8
35.1
34.9
35.4
34.3
Oct. 6
13
20
27
38.1
38.6
38.6
38.4
29.9
30.1
30.2
29.8
31.4
31.6
31.6
31.2
28.5
28.8
29.0
28.7
69.0
69.7
69.2
69.5
65.6
66.1
66 7
67.1
48.0
48.3
48 8
50.1
34.0
34.5
36.3
35.7
Dec. 6
13
20
27
33.8
34.8
35.5
35.1
27.6
28.5
29.0
28.7
26 A
27.1
27.5
27.1
28.9
29.7
30.4
30.1
45.8
48.1
50.6
50.2
54.0
54.0
54.0
53.7
44.7
45.3
46.1
45.4
33.7
Nov. 3
10
17
24
39.2
39.7
40.0
38.8
30.4
30.7
30.9
30.0
31.6
31.9
32.2
31.1
29.3
29.7
29.8
29.1
72.4
72.4
74.3
72.2
68.3
70.0
70.2
67.9
51.6
52.3
52.5
51.3
36.7
37.9
39.2
38.3
.
Dec. 1
8
15
22
29
40.3
41.2
40.6
40.1
40.5
31.1
32.0
31.5
31.1
31.4
32.6
33.8
33.0
32.6
32.8
29.8
30.4
30.2
29.8
30.2
75.8
76.8
76.4
75.0
74.8
69.4
69.5
69.3
68 0
68.7
53 9
56.0
54.3
54.1
54.6
40 2
40.4
39.7
39.5
39.4
35.7
35.4
34.5
33.4
34.1
29.1
28.8
28.0
27.0
27.6
27.5
27.5
26.8
25.7
26.3
30.5
30.1
29.1
28.1
28.8
52.9
51.6
50.2
49.3
50.9
54.7
55.1
54.8
54.4
54.4
45.6
45.1
43.8
42.5
43.4
38.3
39.6
37.7
36.4
37.6
Feb 7.
14
21
28
...
33.1
32.1
32.3
32.4
26.8
25.9
26.0
26.1
25.4
24.5
24 5
24.7
27.9
27.1
27 4
27.3
49.3
47.8
47.9
48.4
54.0
53.0
53.2
53.4
42.2
40.8
41.2
41.3
36.0
35.2
35.7
35.7
1946—Jan. 5
12
19
26
40.2
41.8
41.9
41.9
31.1
32.5
32.4
32.3
32.5
34.0
34.1
34.1
30.0
31.2
30.9
30.6
74.6
77.0
78.3
78.2
68.7
69.9
70.3
70.5
55.2
58.3
59 3
60.8
38.8
40.2
39.9
40.0
Mar 6
13
20
27
32.8
32.6
33.9
34.0
26.4
26.3
27.5
27.6
25.0
24.8
26.3
26.3
27.7
27.6
28.5
28.7
48.8
49.3
51 0
50.9
53.8
53.4
53 9
53.9
42.2
42.0
42.9
43.4
37.2
36.8
38.3
38.6
Feb. 2
9
16
23
43.2
42.4
42.8
41.1
33.5
32.8
33.1
31.7
35.8
35.1
35.6
33.7
31.4
30.8
30.9
30.0
79.8
77.6
79.7
74.8
71.3
70.2
70.7
69.6
63.2
61.9
63.4
60.8
41.3
40.2
40.4
38.9
Apr 3
10
17. ..
24
34.9
35.3
35.6
36.3
28.4
28.7
28.9
29.4
27.1
27.3
27.6
28.1
29.5
29.9
30.1
30.6
52.6
53.4
53.8
56.2
54.2
54.5
54.9
55.7
45.7
46.1
46.3
47.2
40.0
40.2
41.0
42.2
Mar. 2
9
16
23
30
39.8
40.8
40.6
41.4
42.1
30.6
31.3
31.2
31.9
32.4
32.1
32.8
32.4
32.8
33.1
29.3
30.1
30.2
31.1
31.9
72.4
73.8
74.1
74.9
75.2
68.1
69.4
69.2
69.1
69.6
59.0
61.4
61.0
63.3
65.7
38.0
38.6
37.4
38.9
39.5
May 1
8.
15
22
29
35.8
36.4
38.0
38.4
38.5
29.0
29.5
30.9
31.2
31.4
27.2
27.7
29.5
29.7
30.2
30.6
31.1
32.1
32.5
32.5
54.4
55.1
58.8
58.7
58.0
55.2
55.9
57.3
57.9
57.4
47.0
47.6
50.7
51.0
51.1
42.9
43.2
43.7
45.1
44.3
Apr. 6
43.1
43.3
43.9
43.5
33.3
33.5
34.0
33.6
33.9
33.9
34.2
33.7
32.8
33.2
33.9
33.7
75.5
74.4
75.7
74.4
70.4
70.3
70.7
70.8
67.9
68.5
69.3
69.8
40.0
39.7
40.9
40.3
June 5
12
19
26
38.3
38.9
38.8
38.4
31.4
32.0
31.9
31.5
30.1
30.6
30.2
30.0
32.5
33.3
33 4
32.8
56.5
58.4
57.9
58.3
57.3
57.3
57.1
57.0
50.0
49.8
49.1
49.7
43.3
43.7
43.5
43.2
1945_May 5
12::......
19 . . . .
26
20
http://fraser.stlouisfed.org/
27
Federal Reserve Bank of St. Louis
Total
1947_j u ly 5
19
26. ..
1948—Jan
3.
10
17
24
31
..
.
...
..
Durable
Nondurable
35.9
36.5
36.4
37.0
29.1
29.3
29.3
29.7
26.9
27.6
27.5
28.0
36.3
35.5
35.8
, 35.5
35.3
29.2
28.6
28.8
28.6
28.4
34.9
34 7
35.2
34.4
37 6
38.3
38.5
38.6
37.3
37.2
36.3
31.6
31.8
30.6
30.6
29.8
30.0
30.2
29.1
29.2
28.4
33.0
33.1
31.9
31.9
31.0
58.1
58.7
56.6
56.0
54.6
57.2
57.3
56.3
56.2
55.7
49.4
49.3
47.2
46.6
45.2
43.4
43.1
41.3
41.1
39.5
21.
28.
36.8
35.9
36.7
36.5
30.2
29.4
30.1
29.9
28.9
28.0
28.9
28.8
31.4
30.7
31.1
30.8
55.5
53.6
55.4
56.2
55.7
54.9
55.5
55.7
45.9
45.2
46.7
47.1
39.7
39.0
39.3
38.1
39.1
39.3
38.4
37.4
Sept. 4.
11.
18.
25.
36.9
35.9
35.6
35.3
30.1
29.3
29.0
28.8
29.1
28.4
28.2
27.8
31.0
30.0
29.8
29.6
57.3
55.0
55.0
54.2
56.2
55.7
55.2
54.9
47.5
46.4
46.1
45.7
38.8
37.2
36.6
37.0
61.9
61.9
60.8
61.2
58.3
38.7
38.8
38.1
37.4
35.4
Oct. 2.
9.
16.
23.
30.
35.6
35.8
36.2
37.3
37.0
29.0
29.4
29.9
30.9
30.5
28.0
28.3
28.9
30.0
29.6
29.9
30.3
30.7
31.6
31.3
54.7
54.7
54.6
56.9
56.0
54.8
54.8
55.2
55.7
55.8
46.4
46.4
46.8
47.9
47.7
37.5
38.3
38.8
39.6
39.0
63.7
63.2
61.1
61.8
55.8
54.3
52.9
54.2
33.5
31.8
30.3
31.9
Nov. 6.
13.
20.
27.
34.9
34.0
34.5
33.6
28.5
27.8
28.1
27.3
27.3
26.7
27.0
26.1
29.5
28.6
29.1
28.4
52.0
49.5
50.5
48.8
54.0
53.6
53.9
53.3
46.5
44.7
45.7
44.6
35.7
34.3
34.7
33.6
53.4
53.2
54.2
53.8
60.6
58.4
61.3
60.3
52.7
52.4
52.9
51.7
30.1
30.4
31.8
30.8
Dec. 4.
11.
18.
25.
34.3
34.4
34.1
34.3
28.0
28.1
27.9
28.1
26.7
26.7
26.5
26.7
29.1
29.3
29.0
29.3
49.8
50.3
49.2
49.6
53.5
53.5
53.1
53.2
45.4
45.7
45.1
45.4
35.2
35.8
36.0
36.2
29.1
28.7
28.3
27.6
28.5
57.6
56.4
54.5
53.1
54.3
60.7
59.8
58.9
58.1
59.8
53.7
52.2
50.9
48.8
49.6
31.8
31.7
30.8
30.3
31.0
1949—Jan. 1.
8.
15.
22.
29.
34.1
35.0
34.4
34.8
34.2
28.0
28.7
28.1
28.6
27.9
26.5
27.4
26.7
27.1
26.7
29.2
29.8
29.4
29.8
29.0
49.0
50.7
49.4
50.3
49.1
53.2
54.0
52.9
53.3
53.4
44.9
46.2
45.5
46.1
45.2
35.4
37.1
37.4
37.7
36.2
25.6
26.4
27.2
26.7
28.7
29.5
29.8
29.6
55.9
57.1
57.8
56.1
59.4
60.8
60.9
60.9
50.8
51.7
51.6
50.5
31.2
31.6
32.9
32.2
Feb. 5.
12.
19.
26.
33.3
32.7
33.2
32.6
27.1
26.6
27.0
26.4
25.9
25.4
25.6
24.9
28.2
27.7
28.3
27.8
47.4
46.1
46.4
45.1
53.4
53.0
53.5
53.3
44.5
43.3
44.1
43.7
34.5
34.8
35.1
34.4
28.2
27.7
28.0
28.0
26.8
26.4
26.8
27.1
29.6
29.0
29.1
28.9
55.6
52.7
54.2
54.0
62.2
62.0
62.2
62.4
50.9
49.1
49.7
49.4
32.4
31.7
32.2
33.0
Mar. 5.
12.
19.
26.
33.3
33.9
33.5
33.5
27.1
27.7
27.4
27.3
25.6
26.2
25.7
25.6
28.5
29.0
28.9
28.8
46.0
46.9
45.6
46.3
53.8
54.0
53.5
53.7
44.1
44.7
45.1
45.2
35.7
37.2
36.1
36.1
36.7
37.6
36.9
36.7
28.9
29.7
29.2
29.0
28.3
29.4
28.7
28.4
29.5
30.2
29.7
29.5
56.2
58.1
56.6
56.4
63.0
62.9
62.7
62.5
51.1
52.8
51.4
51.3
33.4
34.6
33.8
33.7
Apr. 2.
9.
16.
23.
30.
35.9
35.0
34.2
35.2
35.5
28.3
27.6
27.0
27.9
28.1
27.6
26.9
26.3
27.1
27.3
29.0
28.3
27.7
28.7
28.9
54.4
52.7
51.3
51.5
52.5
61.9
60.9
59.8
60.5
60.5
49.6
48.3
47.0
48.3
48.6
33.5
32.8
32.4
34.1
34.7
27.5
27.5
27.5
26.9
27.0
25.8
25.5
25.4
24.7
24.8
28.9
29.2
29.3
28.8
28.8
46.8
47.4
46.6
45.6
45.3
53.9
54.0
54.0
53.5
53.6
45.9
45.9
45.5
45.1
45.1
38.4
38.9
39.4
38.6
37.7
Mar. 1..
8. .
15..
22...
29. .
33.8
33.8
33.8
33.1
33.2
May
27.3
27.2
26.8
26.4
25.1
25.0
24.6
24 A
29.2
29.0
28.5
28.5
45.6
46.6
45.7
45.0
53.2
53.4
52.9
52.8
46.0
46.4
46.0
45.6
38.4
38.8
37.6
37.0
Apr.5;.
19..
26..
35.0
33.8
33.1
33.4
27.8
26.7
26.2
26.6
26.9
25.7
25.2
25.3
28.6
27.8
27.2
27.7
51.8
49.7
48.5
48.5
60.1
59.1
58.8
58.8
48.0
46.3
44.4
43.8
34.0
33.0
31.5
32.8
21.
28.
June 4.
11.
18.
25.
33.5
33.5
33.1
32.7
31.7
31.2
31.2
31.9
25.7
25.1
25.2
25.8
23.4
22.9
23.0
23.5
27.6
27.0
27.1
27.7
43.0
42.0
42.0
43.1
52.3
52.3
51.5
51.8
44.0
43.6
43.8
45.0
36.1
35.6
35.3
35.9
May 3 . .
10..
17..
24..
31..
34.2
33.7
31.6
32.7
33.3
27.2
26.7
25.1
26.0
26.5
26.2
25.4
23.6
24.6
25.0
28.2
28.0
26.5
27.2
27.9
49.2
47.9
44.1
45.7
47.0
59.5
59.2
56.8
57.9
58.3
45.2
44.9
42.1
43.9
44.8
33.5
33.1
31.8
32.3
33.1
July 2.
9.
16.
23.
30.
32.1
32.6
33.1
33.4
33.6
26.0
26.5
27.0
27.2
27.4
23.9
24.3
24.8
25.0
25.4
27.9
28.3
28.9
29.1
29.2
42.9
42.6
43.7
44.2
44.2
52.2
52.6
52.8
53.0
53.4
45.8
46.3
46.7
47.5
47.8
34.8
35.5
35.9
36.1
36.1
June 7 . .
14..
21
28..
33.4
34.5
34.9
34.8
26.6
27.6
28.0
28.0
24.9
25.8
26.3
26.0
28.2
29.3
29.6
29.8
46 A
47.7
48.3
48.4
58.2
57.6
56.8
57.2
45.1
47.7
48.3
48.2
33.1
34.8
34.7
34.5
Au8
34.3
34.4
34.7
34.3
28.0
28.1
28.4
28.0
25.8
25.7
25.8
25.4
29.9
30.1
30.6
30.2
45.3
46.0
45.6
44.6
54.4
54.8
55.0
54.6
48.6
48.4
48.8
48.4
37.0
37.9
38.5
38.1
1946—May 4 . . .
43.1
44.2
43.6
44.3
33.2
34.3
33.8
34.3
32.9
34.1
33.4
34.0
33.6
34.5
34.2
34.6
73.0
74.5
73.4
75.3
70.5
70.8
71.1
71.5
69.3
71.9
70.2
70.2
39.2
39.8
40.3
40.5
45.1
44.4
44.3
42.8
43.3
35.0
34.5
34.4
33.3
33.7
35.1
34.4
34.3
33.3
33.7
35.1
34.7
34.6
33.3
33.8
77.4
75.4
77.6
75.7
75.2
72.4
72.3
71.7
71.3
71.3
70.0
67.9
66.9
62.3
63.2
41.5
40.8
40.4
38.8
39.3
20...
27...
43.3
43.0
42.2
41.4
33.8
33.6
32.9
32.3
33.6
33.1
32.4
31.5
34.1
34.1
33.5
33.1
74.5
73.3
72.3
70.1
71.3
71.0
70.2
69.5
63.7
62.7
60.6
59.2
Aug. 3 . . .
10...
17...
24...
31...
42.5
42.5
42.0
41.4
39.3
33.1
33.2
32.8
32.4
30.6
32.5
32.4
31.9
31.3
29.6
33.8
34.0
33.8
33.5
31.7
71.2
71.3
70.8
69.8
65.7
70.7
70.8
70.0
67.3
65.4
Sept. 7 . . .
14...
21...
28...
37.3
36.1
34.9
35.8
28.9
27.9
27.0
27.8
28.0
26.9
25.7
26.4
29.8
28.8
28.2
29.1
61.9
59.6
55.3
55.9
Oct. 5 . . .
12...
19...
26...
34.8
34.4
35.3
34.6
27.0
26.9
27.5
26.9
25.5
25.4
25.8
25.2
28.4
28.3
29.1
28.5
Nov. 2 . . .
9...
16...
23..,
30..,
35.6
35.1
34.4
33.6
34.5
27.7
27.3
26.9
26.1
26.9
26.1
25.9
25.3
24.6
25.2
Dec. 7 . .
14...
21..
28...
34.8
35.8
36.3
35.8
27.2
28.0
28.6
28.1
1947—Jan. 4 . .
11...
18..
25. ..
35.9
35.2
35.6
35.6
Feb. 1...
8...
15..
22...
18!!!
25...
June 1 . . .
8...
15...
22...
29...
July
^:::
1948—July 3.,
10.
17.,
24.
31.
Aug.7.
,I:
if:
20.
27.
15. COMMON STOCK PRICE INDEXES: SECURITIES AND EXCHANGE COMMISSION — Continued
B. WEEKLY, 1939-MAY 1964 — Continued
[1957-59 = 100]
Manufacturing
Total
TransportaNondution
rable
Public
utility
Trade,
finance, Mining
and
service
Manufacturing
Week ending—
Total
Transportation
Public
utility
Trade
finance, Mining
and
service
Total
Durable
34.4
34.6
35.2
35.0
28.1
28.4
28.9
28.8
25.4
25.6
26.0
25.8
30.5
30.8
31.3
31.3
44.9
44.5
45.7
45.8
54.9
55.1
55.5
55.5
48.6
48 4
49.5
48.2
38.2
38 6
39.6
39.6
1951—Nov. 3
10
17
24
49.9
50 2
50.0
48.9
44.3
44 6
44.4
43.3
39.7
40 5
40.2
39.4
48.2
48 1
47.9
46.5
65.0
66 1
66.7
64.4
63.0
63 5
63.4
62.8
60 9
61 3
61.3
60.5
72 1
71 0
70.1
66.4
34.9
35.6
35.7
35.6
36.2
28.7
29.4
29.4
29.4
30.0
25.9
26.7
26.7
26.7
27.4
31.1
31.7
31.7
31.8
32.3
45.6
46.4
46.7
46.2
46.2
55.2
55.7
55.8
55.7
55.9
48.7
'49.6
49.3
49 5
49.8
39.6
40.4
41.3
40 9
41.3
Dec 1
8
15
22
29
50.2
51.3
51.1
51 3
51.6
44.7
45.7
45.6
45 9
46.3
40.3
41.1
40.6
40 6
41.2
48.3
49.6
49.7
50 3
50.6
67.1
70.4
69.2
68 7
68.6
63.4
64.1
63.9
63 7
64.1
61.5
62 0
61 4
60 8
61.0
68.4
71 0
69 7
69 9
69.4
NOv 5
12
19
26
36.5
36.3
36.5
36.2
30.3
30.1
30.3
30.0
27.7
27.7
27.6
27.6
32.6
32.2
32.6
32.1
46.9
46.2
46.8
46.0
56.5
56.6
56.6
56.8
49 8
49 6
50.0
50.0
41 5
39.8
40.0
39.5
1952—Jan 5
12
19
26
52 0
52.2
52.7
53.2
46 6
46.8
47.3
47.9
41 4
41 2
41.7
41.9
51 0
51 6
52.1
52.9
70 0
70 5
72 2
72.0
64 2
64 7
64 7
64.7
61 8
61 4
61 6
61 7
68 8
70 9
73 4
74 7
Dec. 3
10
17
24
31
36.9
37.0
37.4
37.3
37.6
30.6
30.7
31.1
31.2
31.3
28.2
28.3
28.7
28.7
29.2
32.7
32.7
33.2
33.2
33.1
47.9
46.9
47.6
47.8
49.2
57.4
57.6
58.0
57.6
57.9
50.8
51.3
51.9
50.4
52.2
39.6
39.1
40.5
40.0
39.6
Feb 2
9
16
23
52.8
52.6
51.7
50.6
47.5
47.1
46.2
45.1
41.6
41.4
40.3
39.9
52.4
51.9
50.7
49.4
71.4
70.9
70.1
69.6
64 9
65.1
65.2
64.2
61 3
61 5
60.7
59.1
74 3
75 4
77.2
75.2
1950—Jan. 7
14
21
28
38.2
37.4
38.0
37.8
31.8
31.0
31.5
31.4
29.8
29.0
29.7
29.7
33.6
32.7
33.1
32.8
51.2
49.7
50.7
50.4
58.5
58.1
59.0
59.1
52.6
51.6
52.1
51.7
39.9
38.7
39.1
39.0
Mar 1
8
15
22
29
50.6
51.7
51.9
52.0
52.8
45.0
45.9
46.1
46.3
47.1
39.7
40 5
40.6
40.9
41.6
49.4
50.4
50.6
50.7
51.6
69.1
72 3
72.9
72.6
74.8
64.5
65.1
64.7
64.7
64.8
58.5
60 1
59 9
60.2
60.2
81.1
86 9
88.3
85.9
89.4
Feb 4
11
18
25
38.7
38.5
38.5
38 5
32.3
32.1
32.1
32.0
30.6
30.7
30.8
30.8
33.6
33.2
33.2
33 1
51.1
50.2
51.9
51 2
59.6
59.5
59.6
60 0
53.1
52 3
52.3
52 4
39.9
38 8
38.7
38 3
Apr 5
12
19
26
51.9
52 0
50.7
50 8
46.2
46.3
44.9
45 0
40.9
40 8
44.9
45 0
50.7
50 8
49.0
48 8
73.9
74 5
72.1
73 1
64.5
64 6
64.2
64 2
59.9
59 8
59 2
59 i
88.0
89 8
87 1
84 4
Mar. 4
11
18
25
38.8
38.4
39.2
39.6
32.2
31.8
32.7
33.0
31.0
30.2
31.0
31.1
33.2
33.1
34.0
34.5
52.1
50 9
51.3
51.2
61.6
61 7
62.2
62.9
52.9
52 2
52.3
52.9
38.2
38 7
39.3
39.5
Apr. 1
8
15
22
29
38.9
40 0
40.0
40.2
40.6
32.4
33 5
33.6
33.9
34.2
30.6
31 8
31.7
32.3
32.9
33.8
34 9
35.2
35.2
35.4
51.0
51 8
50.6
51.2
51.3
62.0
62 7
62.7
62.3
62.9
52.2
52 8
52.4
52.1
52.2
38.2
39 4
39.3
39.5
39.6
May 3
10
17
24
31
50.7
51 1
50.8
51.5
51.4
45.0
45 5
45.1
45.8
45.7
40.3
40 8
40.2
40 8
40.6
48.9
49 3
49.1
49.9
49.9
72.1
72 9
72.3
74 0
73.6
64.2
64 4
64.6
65.1
65.0
59 0
59 2
59.0
59 2
58.9
83 4
83 0
81.6
83 7
82.8
June 7
14
21
28
52 2
52.4
52 7
53.1
46 5
' 46.9
47.2
47.6
41 4
41.4
41 9
42.3
50 8
51.5
51 6
52.1
75 6
75.7
75 7
76.6
65 3
64.3
64 6
64.7
59 3
59.6
59 7
60.6
83 7
86.1
84 8
85.5
May 6
41 0
41.0
42.1
41 9
34 6
34.6
35.7
35 6
33 1
32.6
33.8
33 8
35 9
36.2
37.3
37 1
51 7
52.2
51.8
50 9
63 2
63.4
64.4
64 0
52 9
52.8
53.0
53 3
40 6
41.5
42 3
42 6
July 5
12
19
26
51 0
51.1
51 0
50 7
45 9
46.0
45.9
45 7
42 0
42.0
41 9
41 4
49 1
49.2
49 2
49 1
76 3
75.7
75 2
74 8
65 5
65.9
65 7
66 0
60 5
60.2
60 2
60 4
69 7
68.6
69 4
68 8
June 3
10
17
24
42 1
42.9
42 3
42.7
35 9
36.7
36 2
36.5
34 2
35.2
34 8
35.1
37 2
38.0
37 3
37.8
49 7
51.0
50 5
50.9
63 7
63.9
63 2
63.5
53 5
53.7
52 8
54.1
42 2
42.2
41 4
41.7
July 1
8
15
22
29
39.6
39.5
37.9
39.9
40 0
33.8
33.6
32.1
34.0
34 1
32.3
31.9
30.6
32.2
32 3
35.2
35.2
33.4
35.5
35 7
46.8
47.9
49.5
53.9
55 3
59.6
59.3
57.5
58.2
57 7
50.6
50.8
48.0
49.8
50 5
38.2
38.3
38.1
40.3
40 8
Aug 2
9
16
23
30
51 6
51.9
51 6
51.0
49 7
46 7
46.8
46 6
46.0
44 6
42 5
42.4
41 9
41.5
40 2
50 2
50.5
50 6
49.6
48 3
75 3
75.7
74 6
73.1
70 1
66 5
67.0
67 2
67.0
66 5
60 9
61.1
61 2
60.6
59 2
70 2
70.4
70 3
69.2
66 6
49.4
48.3
47.9
48 7
44.3
43.2
42.9
43 8
39.8
38.8
38.5
39 4
48.0
46.9
46.5
47 4
69.2
66.9
65.9
67 0
66.5
65.6
65.3
65 9
58.7
58.0
57.4
58 3
66.2
64.1
62.7
63 6
Aug. 5
12
40.7
41 2
42.1
41.8
34.9
35 3
36.2
35.9
33.2
33 6
34.5
34.2
36.3
36 8
37.7
37.3
55.9
55 3
56.0
55.2
58.0
58 5
59.0
59.2
50.9
51 3
52.6
52.4
42.4
42 4
43.5
43.1
51.4
51 6
50.9
50.5
45.9
46 0
45.3
44.9
42.4
42 5
41.7
41.3
48.7
49 0
48.4
48.0
74.1
74 7
74.1
73.0
65.4
65 3
64.8
64.9
60.0
59 5
59.1
58.5
78.6
77 8
77.8
76.1
1949 Sept 3
10
17
24
Oct
1
8
15
22
29
...
u::::....
20
27
19
26
Total
Sept 6
13
20.
27
Oct 4
11
18.
25
. .
...
...
...
...
Durable
Nondurable
1^50—Sept. 2
9
16
23
30
41.8
42.0
43.2
43.5
43.4
35.9
36.0
37.2
37.4
37.4
34.4
34.4
35.4
35.7
35.8
37.2
37.3
38.7
38.9
38.7
55.1
55.9
58.2
58.3
57.1
59.3
59.3
59.1
59.6
59.6
52.5
54.2
55.7
56.4
56.7
42.8
43.1
44.4
44.8
44.9
1952—Nov. 1
8
15
22
29
51.4
52.2
52.0
53.1
54.0
45.9
46.8
46.4
47.5
48.4
42.2
43.0
43.1
44.3
44.8
48.9
49.8
49.2
50.2
51.4
74.0
74.9
74.3
76.5
78.7
65.6
66.0
66.6
67.6
68.5
59.1
59.6
59.7
60.6
61.6
76.9
76.8
75.0
76.0
76.4
Oct. 7
14
21
28
44.4
44.0
44.6
44.0
38.4
38.0
38.6
38.1
37.1
36.8
37.4
36.9
39.6
39.1
39.6
39.0
58.2
57.5
58.8
57.1
60.0
59.5
59.8
59.7
58.1
57.9
58.9
57.7
45.5
45.4
45.4
44.6
Dec. 6
13
20
27
54.0
54.6
54.8
55.0
48.3
49.0
49.2
49.5
44.7
45.9
46.0
46.1
51.3
51.7
51.9
52.3
78.8
80.1
81.6
81.0
68.7
68.4
68.0
68.1
62.3
62.9
62.6
61.9
77.9
77.6
78.4
78.5
Nov. 4
11
18
25
43.9
44.3
44.6
45.3
38.0
38.4
38.6
39.4
36.8
37.3
36.8
37.3
39.1
39.4
40.2
41.1
55.8
56.9
59.3
59.3
59.5
59.5
59.4
59.8
58.4
58.4
59.2
59.6
43.9
45.4
46.9
48.2
Dec. 2
9
16
23
30
37.8
37.6
37.9
38.7
39.5
35.6
35.4
35.8
36.6
37.0
39.7
39.5
39.8
40.5
41.6
57.6
60.9
63.0
64.8
65.4
58.9
58.6
58.4
59.5
59.8
57.4
57.6
56.4
57.4
58.3
45.6
46.1
46.2
47.4
48.3
55.6
54.7
54.5
54.7
55.2
50.0
49.1
49.0
49.1
49.7
46.9
46.0
46.0
46.3
46.6
52.6
51.7
51.4
51.4
52.2
81.4
80.5
79.8
80.6
81.8
68.8
68.7
68.6
68.7
69.2
62.6
61.9
61.9
62.4
62.7
78.5
76.7
75.6
75.4
75.9
43.7
43.7
43.9
44.8
45.6
1953—Jan. 3
10
17
24
31
Feb. 7
14
21
28
54.2
54.1
53.9
54.6
48.5
48.5
48.2
48.9
45.5
45.3
45.1
45.8
51.0
51.1
50.9
51.6
78.7
79.1
79.3
80.4
69.0
68.9
68.7
69.0
61.8
61.8
61.8
62.1
73.7
74.1
74.4
77.2
1951—Jan. 6
13
20
27
46.6
47.1
47.9
48.1
40.5
41.0
41.6
42.0
38.2
38.9
39.3
39.8
42.5
42.8
43.6
43.9
66.7
67.6
69.5
69.4
60.7
60.9
61.9
61.1
59.8
59.9
60.6
60.3
49.8
51.4
52.7
52.1
Mar. 7
14
21
28
54.5
55.0
54.8
54.6
48.8
49.4
49.6
49.4
45.6
46.5
46.6
45.9
51.6
51.9
52.1
52.2
79.6
80.7
81.1
80.4
69.1
69.4
68.7
68.4
62.1
62.3
62.6.
62.9
75.9
77.9
77.0
76.8
Feb. 3
10
17
24. ..
49.3
49.6
49.5
49.2
43.1
43.3
43.2
42.8
40.6
40.8
40.4
40.2
45.1
45.4
45.6
45.0
73.0
73.2
71.8
70.0
61.7
61.8
62.2
62.9
61.7
62.8
62.9
62.8
53.3
53.9
54.4
54.1
Apr. 4
11
18
25
53.1
52.2
51.8
50.9
47.9
46.9
46.6
45.7
44.1
43.4
43.1
42.4
51.0
49.9
49.5
48.4
77.3
75.8
75.0
73.7
67.3
66.8
66.6
66.0
61.8
61.1
60.6
60.0
76.2
74.2
73.8
70.9
Mar. 3...
10..,
17. ..
24...
31...
49.1
49.0
48.2
47.7
47.5
42.8
42.7
42.0
41.6
41.5
40.3
40.3
39.8
39.4
39.2
44.9
44.7
43.9
43.5
43.4
69.4
69.0
67.8
65.8
65.9
63.6
63.2
62.4
62.0
61.7
62.5
62.1
61.3
61.1
60.6
53.2
53.4
51.1
50.6
50.3
May 2
9
16
23..;
30...
51.9
52.3
52.2
52.6
51.5
46.8
47.2
47.1
47.3
46.2
43.6
44.1
43.8
44.0
43.1
49.4
49.8
49.8
50.0
48.8
75.3
75.8
76.3
78.1
75.9
66.3
66.3
66.6
67.0
66.2
60.9
61.6
61.4
61.9
61.2
72.3
73.0
72.4
73.0
70.7
Apr. 7. ..
14...
21...
28...
48.2
49.4
49.1
49.9
42.2
43.5
43.3
44.1
39.8
40.7
40.5
40.8
44.3
45.9
45.6
46.9
67.5
68.6
68.1
68.8
61.6
61.7
61.8
61.9
60.4
61.1
61.0
61.4
51.8
53.4
53.7
55.8
June 6
13...
20...
27...
50.5
49.9
50.9
50.7
45.3
44.8
45.0
45.6
42.0
41.4
41.5
41.9
48.6
47.7
47.9
48.7
74.3
73.3
73.5
75.2
65.3
64.4.
64.0
64.9
60.3
59.9
59.6
59.9
69.8
69.0
69.2
69.9
M a y 5. ..
12...
19. .
26. .
.
50.4
49.5
48.0
47.2
44.6
43.8
42.4
41.5
40.8
39.6
38.5
37.7
47.7
47.3
45.6
44.7
69.6
67.8
65.1
63.4
62.3
61.2
60.8
60.6
61.9
61.3
59.4
59.2
56.2
56.2
54.8
52.6
45.9
46.0
45.9
45.7
42.0
42.0
41.9
41.4
49.1
49.2
49.2
49.1
76.3
75.7
75.2
74.8
65.5
65.9
65.7
66.0
60.5
60.2 •'
60.2
60.4
69.7
68.6
69.4
68.8
June 2..
9..
16..
23. .
30..
48.0
48.2
49.1
48.1
.46.8
42.4
42.5
43.6
42.6
41.3
38.3
38.2
38.5
37.5
36.2
45.7
46.1
47.8
46.9
45.7
64.6
65.2
65.5
63.3
59.6
61.2
61.1
61.0
60.9
60.4
59.4
59.3
59.3
58.8
57.9
53.7
54.9
56.0
54.0
53.6
18...
25...
Aug. 1...
8...
15...
22...
29...
51.0
51.1
51.0
50.7
51.6
51.9
51.6
51.0
49.7
46.7
46.8
46.6
46.0
44.6
42.5
42.4
41.9
41.5
40.2
50.2
50.5
50.6
49.6
48.3
75.3
75.7
74.6
73.1
70.1
66.5
67.0
67.2
67.0
66.5
60.9
61.1
61.2
60.6
59.2
70.2
70.6
70.3
69.2
66.6
July 7. .
14..
21..
28..
48.1
48.7
48.6
50.0
42.8
43.4
43.2
44.5
37.8
38.4
37.7
38.6
47.0
47.6
47.9
49.5
62.1
62.7
63.0
66.3
61.1
61.5
61.6
62.4
58.9
59.5
59.1
59.7
54.9
55.2
56.3
62.2
Sept. 5...
12...
19...
26...
49.4
48.3
47.9
48.7
44.3
43.2
42.9
43.8
39.8
38.8
38.5
39.4
48.0
46.9
46.5
47.4
69.2
66.9
65.9
67.0
66.5
65.6
65.3
65.9
58.7
58.0
57.4
58.3
66.2
64.1
62.7
63.6
18
25
50.7
50.6
51.1
50.9
45.5
45.3
45.7
45.6
39.4
39.6
40.2
40.0
50.6
50.1
50.4
50.5
66.2
66.0
66.3
65.3
62.7
62.8
63.8
63.2
60.0
60.3
60.6
60.3
63.6
62.6
63.8
64.6
Oct. 2...
9...
16...
23...
30...
40.7
41.3
41.8
41.5
41.4
51.2
52.1
52.3
50.8
50.4
66.6
68.3
69.2
68.9
68.8
63.7
64.2
63.7
63.5
63.4
61.0
62.3
63.3
63.4
62.9
65.4
67.1
69.5
66.8
66.9
39.9
40.1
41.4
41.9
42.5
48.2
48.0
49.0
49.3
49.6
67.1
67.3
69.4
69.0
69.3
66.7
67.0
67.6
67.7
67.4
58.8
58.8
59.3
59.3
59.1
Sept. 1
8
15
22
29
46.4
47.2
47.5
46.6
46.3
44.5
44.4
45.6
45.9
46.4
63.3
62.5
63.5
65.1
65.9
51.6
52.5
52.7
52.0
51.7
49.4
49.4
50.5
50.7
51.0
Nov. 6
13...
20...
27...
51.4
51.2
51.0
51.7
46.6
46.3
46.1
46.8
42.6
42.4
42.1
42.9
50.0
49.6
49.4
50.0
69.6
68.7
68.2
69.0
67.8
68.2
68.4
68.9
60.3
60.6
61.1
61.0
66.5
68.6
67.6
68.3
Oct. 6
13
20
27
52.7
52.7
51.0
49.4
47.2
47.1
45.5
43.8
42.5
42.7
41.0
39.6
51.2
50.8
49.3
47.3
71.4
70.8
67.7
65.0
63.9
64.1
63.2
62.6
64.2
63.9
62.7
60.5
69.8
72.6
71.2
71.6
Dec. 4...
11...
18...
24...
31...
52.3
51.7
52.2
51.8
51.6
47.4
46.8
47.4
47.0
46.9
43.4
42.6
43.2
42.7
42.6
50.7
50.3
50.9
50.7
50.6
69.4
67.7
68.3
66.7
65.8
69.4
69.1
68.9
68.8
68.8
62.3
61.4
61.1
60.9
61.1
68.6
66.8
67.6
66.9
65.9
Aug
-!?::
In
V:::
15. COMMON STOCK PRICE INDEXES: SECURITIES AND EXCHANGE COMMISSION — Continued
B. WEEKLY, 1939-MAY 1964 — Continued
[1957-59 = 100]
Manufacturing
Week ending—
Total
Total
Durable
Nondurable
Transportation
Public
utility
Trade,
finance, Mining
and
service
1954—Jan. 8
15
22
29
52.0
53.0
53.7
54.2
47.3
48.2
49.0
49.5
43.1
44.2
44.9
45.3
50.7
51.5
52.4
53.0
67.1
69.0
70.5
72.2
69.1
69.8
70.2
70.5
61.5
62.4
62.9
63.2
68.2
69.5
70.5
71.2
Feb. 5
12
19
26
54.7
54.5
54.2
54.6
50.0
49.7
49.3
49.8
45.6
45.6
45.2
45.8
53.5
53.1
52.7
53.1
73.0
73.2
72.2
71.8
70.8
71.2
71.0
71.6
63.4
63.8
63.1
63.2
72.1
72.3
74.2
74.4
Mar. 5
12
19
26
55.4
55.6
55.9
55.4
50.6
51.0
51.3
50.8
46.5
46.7
47.1
46.8
54.1
54.5
54.8
54.1
72.6
72.0
72.2
70.2
72.1
72.4
72.5
72.1
63.3
62.9
62.6
62.9
76.3
75.1
76.3
75.7
Apr. 2
9
16
23
30
56.9
57.4
58.2
58.1
59.1
52.4
53.1
54.0
54.0
55.1
48.6
49.4
50.0
49.9
51.2
55.6
56.2
57.3
57.4
58.3
71.6
71.6
71.7
70.7
72.0
72.6
72.8
73.1
73.1
73.6
64.4
64.0
64.4
64.6
65.0
77.8
77.9
78.0
77.3
78.1
May 7
14
21
28
59.5
59.7
60.1
60.4
55.4
55.6
56.0
56.3
51.6
51.5
52.1
52.4
58.5
59.1
59.3
59.5
73.7
74.1
75.2
75.1
74.1
74.0
74.7
74.7
65.4
66.2
66.6
66.6
77.6
78.3
80.1
79.6
June 4
11
18
25
60.2
59.2
60.2
60.8
56.0
55.0
56.0
56.7
52.2
51.4
53.0
54.6
59.2
57.9
58.5
58.4
75.5
74.9
77.0
77.3
75.0
73.7
74.3
74.8
66.9
66.0
67.0
67.9
79.8
77.7
77.8
76.5
July 2
9
16
23
30
61.5
62.3
62.2
62.9
63.7
57.6
58.5
58.0
58.7
59.6
55.6
56.8
56.5
57.1
57.8
59.3
59.8
59.2
59.9
61.1
76.5
78.0
79.2
80.0
80.8
75.0
76.0
77.0
78.2
78.1
68.5
69.0
69.2
69.2
70.3
74.9
75.3
73.9
75.8
76.5
Au8
63.0
63.7
64.5
63.3
58.8
59.5
60.4
59.2
57.1
57.6
58.0
56.7
60.2
61.1
62.3
61.1
79.8
80.9
81.4
78.5
77.7
77.9
78.7
77.8
70.5
71.1
72.1
71.6
74.9
77.2
78.5
76.8
Sept. 3
10
17
24
63.1
63.7
65.0
66.3
59.0
59.7
61.3
62.7
56.5
57.3
58.6
59.9
60.9
61.7
63.4
65.0
78.1
79.2
80.0
81.7
77.4
77.3
77.5
77.7
71.0
72.0
72.7
74.3
77.9
78.6
78.4
78.6
Oct. 1
8
15
22
29
65.9
66.4
64.5
65.5
64.5
62.4
62.9
60.9
62.0
61.0
59.8
60.5
58.6
60.2
59.3
64.4
64.8
62.8
63.4
62.3
80.2
80.8
81.2
82.8
81.3
77.8
77.7
75.9
76.1
75.6
73.5
74.4
72.3
73.0
71.5
79.0
80.6
78.7
79.0
76.9
Nov. 5
12
19
26
66.5
68.2
68.2
70.2
63.0
64.8
64.6
66.9
61.6
63.5
63.7
65.1
64.0
65.7
65.3
68.3
83.7
87.9
88.7
90.4
77.4
78.2
78.3
79.2
74.2
76.0
77.2
78.2
80.0
80.6
81.4
83.4
Dec. 3
10
17
24
31
70.7
70.9
71.7
72.3
73.6
67.4
67.6
68.3
69.0
70.5
65.0
65.1
66.5
67.2
69.1
69.3
69.5
69.7
70.4
71.5
92.0
93.7
97.0
98.8
99.8
79.9
79.7
79.7
79.8
80.4
78.3
78.2
78.0
78.5
79.5
83.7
88.2
93.0
94.4
94.9
if::::::::
20
27
- Manufacturing
Week ending—
Total
Total
Durable
Nondurable
Transportation
Public
utility
Trade,
finance, Mining
and
service
1956—Mar. 2 . .
9..
16..
23..
30..
91.3
92.9
95.1
95.9
95.7
90.7
92.6
95.2
96.3
96.1
88.2
90.9
93.9
94.0
92.8
92.7
93.8
96.2
98.0
98.8
112.5
114.9
116.8
118.0
118.5
87.9
88.4
89.0
88.9
88.5
93.3
95.0
95.5
94.7
93.7
106.2
108.0
108.5
112.0
111.1
Apr. 6..
13..
20..
27..
96.7
95.0
94.6
95.2
97.6
95.6
95.3
95.9
92.4
91.5
91.2
91.4
101.8
98.9
98.6
99.5
117.1
116.3
117.7
119.3
88.0
87.5
86.6
86.6
94.1
92.8
92.6
92.2
110.9
107.9
106.6
107.1
May 4 . .
18*.'.
25..
96.5
94.2
92.8
89.1
97.5
94.8
93.2
89.1
92.3
90.0
88.4
84.3
101.7
98.7
97.1
92.9
119.0
117.8
115.6
110.0
87.0
86.5
86.3
85.3
93.0
90.4
89.0
86.5
110.3
106.9
107.1
101.9
June 1..
8..
15..
22..
29..
90.7
89.7
92.1
92.4
93.2
91.0
89.9
92.6
92.9
93.9
86.3
85.6
87.8
88.5
90.2
94.8
93.4
96.5
96.6
96.9
109.9
108.4
111.9
112.0
112.1
85.9
85.1
86.0
86.0
86.2
87.4
86.8
88.4
88.0
101.4
101.0
104.6
104.6
103.6
20..
27..
95.1
96.2
97.4
97.2
96.3
97.3
98.7
98.3
92.0
93.7
95.0
94.8
99.7
100.2
101.7
101.0
112.8
113.0
113.1
113.7
87.0
87.5
88.1
89.2
90.0
93.2
93.3
92.7
106.4
106.0
110.3
108.8
Aug. 3 . .
10..
17..
24..
31..
98.3
97.5
96.9
95.3
94.2
99.5
98.7
98.1
96.4
95.2
97.7
97.3
97.0
95.8
95.0
101.0
99.9
99.1
96.9
95.3
114.1
113.3
111.2
109.7
108.0
89.5
89.2
88.9
88.0
87.4
93.6
92.5
92.0
90.6
90.0
112.2
111.3
109.7
107.7
105.2
Sept. 7..
14..
21..
28..
94.8
93.6
92.2
89.6
95.9
94.6
93.1
90.3
96.0
95.4
94.2
91.2
95.9
93.9
92.3
89.6
107.1
107.1
106.3
102.5
87.7
86.6
85.9
84.2
90.7
89.7
88.1
85.3
105.2
103.3
102.2
98.3
Oct. 5..
12..
19..
26..
91.5
92.4
91.4
91.4
92.7
93.6
92.2
92.5
93.6
95.1
94.1
93.7
92.0
92.4
90.7
91.5
105.9
107.3
108.6
107.9
84.0
84.5
84.6
84.4
87.0
88.8
87.9
87.2
99.5
99.8
98.4
97.2
Nov. 2 . .
9..
16..
23..
30..
92.5
91.7
90.7
89.8
89.6
93.6
92.6
91.4
90.3
90.2
94.5
94.1
93.5
92.2
91.3
92.9
91.3
89.6
88.7
89.3
107.2
105.8
105.1
104.0
103.3
84.8
85.2
84.9
84.3
84.2
88.2
88.0
87.9
85.9
84.3
100.7
99.6
104.2
107.6
107.7
Dec. 7..
14..
21..
28..
92.9
92.2
91.8
92.4
94.3
93.7
93.3
93.8
95.4
94.9
94.6
94.4
93.4
92.7
92.1
93.3
107.8
106.4
106.2
105.5
84.5
84.2
84.1
84.5
85.3
84.6
83.3
83.8
107.0
106.2
104.3
106.5
1957—Jan. 4 . .
11..
18..
25..
92.7
92.1
88.9
89.3
93.7
92.7
89.1
89.5
93.5
92.5
88.8
88.9
94.0
93.0
89.4
90.2
107.5
107.3
102.6
102.3
86.5
87.2
86.5
86.9
84.8
84.8
82.1
82.5
109.2
109.5
106.8
106.2
86.8
87.3
87.2
88.8
86.5
87.1
87.0
88.0
85.8
87.0
86.1
89.5
87.1
87.2
87.8
101.4
98.5
98.3
97.2
87.7
87.1
87.2
87.2
82.8
81.1
82.1
82.3
104.1
101.4
103.1
102.6
July
.f::
Feb. 1..
8..
15..
21..
72.3
72.3
72.4
73.5
69.2
69.0
69.0
70.2
67.9
68.0
68.2
69.9
70.1
69.7
69.5
70.3
98.4
96.3
95.8
99.0
79.6
80.3
81.0
81.2
77.9
79.1
79.0
80.7
91.4
92.3
92.1
92.3
25
75.0
75.8
75.7
75.2
72.0
72.7
72.4
71.7
71.3
71.7
71.8
70.9
72.5
73.4
72.9
72.3
98.9
100.8
102.5
103.7
81.8
83.5
83.6
83.7
80.8
81.5
80.9
80.7
91.4
92.5
91.0
93.3
Mar. 4
11
18
25
76.8
73.4
74.1
75.8
73.2
69.9
70.6
72.5
72.7
69.1
70.2
72.0
73.5
70.4
70.9
72.8
106.5
100.9
101.1
104.3
85.5
82.6
82.6
83.8
83.0
79.1
79.2
81.0
94.0
89.9
92.1
92.9
75.8
76.4
77.5
77.5
77.7
72.5
73.0
74.3
74.3
74.5
72.0
72.2
73.6
73.4
73.4
72.8
73.6
74.7
74.9
75.3
104.4
107.0
109.1
110.0
111.2
83.5
84.0
84.6
84.5
84.8
80.6
81.7
82.1
81.4
81.1
92.8
91.7
91.4
90.5
89.2
May 6
13
20
27
77.8
76.9
77.6
78.0
74.5
73.6
74.3
74.7
73.1
71.3
72.4
73.0
75.5
75.4
75.7
76.0
111.4
109.0
109.6
110.7
85.4
84.6
85.0
85.4
81.7
81.2
83.0
83.2
89.2
87.1
88.8
89.2
June 3
10
17
24
79.0
80.4
82.3
83.5
75.7
77.5
79.8
81.4
74.1
75.9
78.5
78.9
77.0
78.8
80.8
83.3
112.9
113.7
113.8
114.6
85.7
85.5
85.6
85.4
84.4
85.4
87.3
88.2
89.4
92.3
93.0
92.8
July 1
8
15
22
29
84.3
85.5
85.4
86.2
86.5
82.5
83.9
83.6
84.4
84.8
79.3
81.1
81.6
82.8
83.7
85.0
86.2
85.1
85.6
85.5
114.2
111.9
112.4
113.5
112.1
85.4
85.7
87.0
87.7
88.1
87.9
90.2
89.6
89.6
89.0
94.6
91.7
92.4
93.3
92.2
Aug. 5
12
19
26
84.7
84.4
83.8
85.6
82.8
82.5
81.9
84.1
82.4
81.2
81.1
83.6
83.0
83.5
82.4
84.4
109.5
108.6
108.9
110.6
87.4
86.7
86.3
85.9
88.3
88.6
88.4
89.7
91.3
91.1
90.1
92.0
Sept. 2
9
16
23
30
86.7
87.2
88.9
89.7
85.8
85.4
86.0
87.8
88.6
84.5
84.8
85.4
87.7
88.9
85.1
85.8
86.4
87.8
88.2
83.8
110.5
113.1
114.2
114.2
107.9
86.2
86.0
86.6
86.8
84.8
90.7
91.8
95.0
98.4
93.1
91.8
93.6
94.9
94.0
89.7
Oct. 7
14
21
28
83.5
81.8
84.1
83.7
82.0
80.2
82.8
82.2
82.2
79.9
82.5
81.6
81.7
80.3
83.0
82.6
105.0
103.1
105.5
104.5
84.0
82.9
83.7
84.0
90.9
88.6
90.3
90.5
87.0
83.4
85.9
88.0
Nov. 4
11
18
25
86.2
88.2
88.9
89.2
85.2
87.4
88.0
88.3
83.9
87.0
88.1
. 88.5
86.1
87.6
87.8
87.9
105.7
109.2
109.4
114.8
84.9
85.8
85.6
85.6
92.2
94.7
97.1
97.3
89.0
89.7
92.5
94.6
Dec. 2
9
16
23
30
89.2
90.0
88.8
89.7
90.0
88.2
89.4
88.1
89.3
88.7
87.9
89.2
87.5
88.7
88.5
88.3
89.4
88.5
89.6
90.5
114.2
113.5
110.5
111.0
111.1
86.0
85.8
85.1
85.3
85.6
96.5
95.2
94.0
94.2
94.2
96.3
97.2
94.4
94.8
94.6
1956—Jan. 6
13
20
27
89.4
88.5
85.6
86.1
88.9
87.8
84.7
85.1
86.9
85.6
82.5
83.0
90.4
89.5
86.4
86.7
110.1
110.3
105.7
106.8
85.8
85.5
84.5
85.3
93.5
92.5
88.8
88.9
97.1
97.3
95.7
96.6
Feb. 3
10
17
24
88.7
86.8
88.6
90.2
88.0
85.7
87.8
89.7
85.3
83.0
85.8
87.7
90.1
.87.9
89.4
91.2
109.5
106.9
109.1
110.8
86.4
86.0
86.6
87.1
91.1
89.7
90.8
91.7
101.4
101.9
102.4
104.3
1955—Jan. 7
14
21
28
Feb. 4
11
18
Apr
^::::::::
15
22
29
1957— Mar. 1.
8.
15.
22.
29.
87.9
88.5
88.7
88.7
89.0
87.8
88.4
88.7
88.6
89.0
86.8
87.0
87.3
87.0
87.4
88.8
89.8
90.0
90.0
90.6
97.6
97.4
96.6
97.1
97.3
87.6
87.7
87.7
87.9
87.8
81.8
83.6
83.5
83.5
83.2
105.0
106.1
106.5
106.9
107.3
Apr. 5.
12.
18.
26.
89.8
91.4
92.3
92.7
90.1
92.1
93.1
93.4
88.6
90.7
91.9
92.4
91.5
93.3
94.3
94.4
97.9
98.3
97.8
100.1
88.2
88.5
88.8
89.2
83.6
83.8
83.6
83.6
106.8
109.9
111.4
112.9
May 3
10
94.4
94.9
96.0
96.0
96.2
95.5
96.0
97.4
97.2
97.5
94.0
94.7
96.1
94.9
94.8
96.9
97.2
98.5
99.3
100.0
100.8
101.3
101.8
100.3
99.7
89.6
89.9
90.4
90.6
90.6
84.2
85.3
85.1
85.5
85.6
115.9
118.2
120.3
127.5
127.8
June 7.
14.
21.
28.
96.7
97.9
95.6
96.2
98.3
99.9
97.7
98.4
95.2
97.4
95.2
96.0
101.2
102.3
100.0
100.6
99.3
100.6
98.4
99.7
89.7
89.4
86.9
86.7
85.3
85.0
82.8
83.3
129.1
125.9
124.7
122.6
July 5.
12.
19.
26.
99.0
99.8
98.7
98.1
101.6
102.5
101.4
100.8
99.2
100.3
99.4
98.5
103.9
104.5
103.3
102.9
100.4
104.2
103.0
102.8
88.2
88.3
87.1
86.7
85.2
85.6
85.5
85.1
126.1
127.9
126.2
123.3
Aug. 2.
9.
16.
23.
30.
96.7
95.1
92.9
90.2
91.7
99.0
97.2
94.6
91.4
93.3
96.1
94.5
91.9
88.8
90.7
101.7
99.7
97.1
93.8
95.7
101.6
98.4
96.6
93.3
93.4
86.4
86.0
85.4
85.0
85.5
84.6
83.9
83.2
81.1
81.7
121.1
117.4
115.4
108.1
111.6
Sept. 6.
13.
20.
27.
90.5
90.8
88.5
86.3
91.9
92.3
89.6
87.1
89.3
89.2
86.2
84.4
94.4
95.2
92.7
89.7
92.0
91.2
88.1
85.8
84.7
84.5
84.2
83.1
81.6
82.2
82.1
81.0
109.7
110.4
104.1
100.6
Oct. 4.
11.
18.
25.
86.9
82.6
81.1
81.8
87.6
82.8
81.2
82.3
84.3
80.1
78.4
79.4
90.6
85.2
83.8
84.9
86.6
80.7
79.0
78.5
84.0
82.4
81.9
80.9
81.8
79.6
76.9
76.9
99.4
90.7
87.5
88.6
Nov. 1.
15.
22.
29.
81.4
80.9
81.4
82.3
84.1
81.7
81.2
81.6
82.6
84.5
79.0
78.4
79.2
79.3
80.6
84.2
83.9
83.8
85.6
88.1
77.7
76.6
76.1
75.5
76.7
81.6
81.5
82.4
83.3
84.1
77.2
76.9
77.5
78.2
79.1
85.8
83.8
83.6
87.9
92.8
Dec. 6.
13.
20.
27.
83.0
82.0
79.4
80.1
83.4
82.1
79.0
79.9
79.1
77.5
74.2
75.0
87.3
86.2
83.4
84.3
73.1
74.1
70.8
70.9
84.1
84.0
83.5
83.9
78.7
77.9
76.8
76.9
88.2
88.2
83.3
82.6
1958—Jan. 3.
10.
17.
24.
31.
82.4
81.4
82.9
84.1
84.1
82.2
80.9
82.3
83.5
83.4
78.9
77.4
78.8
79.9
79.9
85.4
84.1
85.5
86.8
86.7
75.4
73.4
79.1
78.4
79.7
85.7
85.9
87.2
88.4
88.3
79.2
79.5
81.4
82.9
83.6
84.6
82.1
86.5
88.2
87.4
Feb. 7.
14.
21.
28.
84.2
83.5
82.4
82.3
83.4
82.5
81.2
81.1
80.2
79.6
78.9
78.6
86.3
85.2
83.4
83.4
79.4
78.6
77.3
75.8
88.6
88.7
88.6
89.0
84.5
84.6
84.3
83.8
87.0
85.4
82.7
81.6
Mar. 7.
14.
21.
28.
84.7
85.3
85.4
84.9
84.0
84.6
84.7
84.0
81.1
81.9
81.9
80.7
86.7
87.2
87.2
87.0
77.3
77.9
77.4
76.9
89.1
89.2
89.6
89.7
85.8
86.3
86.9
86.6
86.5
88.0
89.9
91.5
Apr.3.
83.5
84.0
86.0
87.3
82.2
82.6
84.7
86.1
78.5
78.6
80.5
82.0
85.7
86.3
88.6
89.9
74.9
76.5
80.3
81.3
90.0
91.1
92.6
93.2
85.4
86.0
87.4
89.3
88.0
88.4
90.5
91.7
17
24
31
18.
25.
15.
COMMON STOCK PRICE INDEXES: SECURITIES AND EXCHANGE COMMISSION — Continued
B. WEEKLY, 1939-MAY 1964 — Continued
[1957-59 = 100]
Manufacturing
Total
Transportation
Public
utility
Trade,
finance, Mining
and
service
Ma nufacturing
Public
utility
106.0
106.5
103.6
100.9
102.9
97.1
97 3
95.6
93.9
94.6
130.9
132.3
131.5
130.3
129.9
132.2
133.7
131.6
129.1
128.3
69.8
69.7
68.0
67.0
68.5
117.5
119.3
120.5
121.9
103.0
105.9
105.5
106.1
92.7
97.0
97.2
97.4
129 A
131.3
133.3
136.2
128.7
132.0
132.9
133.7
70.9
72.4
71.0
72.2
111.9
109 7
107.3
104.6
104.7
119.4
117 1
113 4
110.2
110.3
104.9
102 8
101 7
99.5
99.5
94.5
93 6
91.6
89.5
88.4
137.3
136 7
135.4
132.2
129.4
132.5
129 6
127 0
125.1
121.8
72.8
71 0
68 6
68.3
69.7
109.6
111.3
107.7
107.8
105.5
107.0
103 6
103.6
110.3
111.8
107 7
107.7
101.0
102.5
99 8
100.0
88.3
89.3
87 4
87.1
130.7
134.0
128 5
128.9
122.7
124.5
122 1
122.1
72.8
73.0
70 7
70.9
Nov. 4
11
18
25
111.0
113.0
112.8
113.5
107.2
109.1
108.6
109 2
111.5
114.1
112.9
113 3
103.3
104.6
104.7
105 4
90.4
92.3
92.1
92 0
130.0
132.0
132.5
133 5
125.3
129.1
130.8
131 9
73.8
73.8
73.3
75 4
106.3
107 3
108.0
106.5
107.9
Dec. 2
9
16
23
30
111.8
114.6
115.8
116.2
117.4
107.2
110.3
111.5
111.0
111.6
111.2
115.3
116.7
114.6
114.9
103.5
105.7
106.8
107.6
108.6
92.1
92.2
92.3
92.7
93.9
133.4
135.5
136.5
141.1
146.2
129.8
131.7
133.0
133.9
133.4
74.3
76 7
78.8
80.8
80.3
106.7
109 1
110.2
108 8
108.7
108 7
107.3
104 2
1961—Jan. 6
13
20
27
118.3
120.5
121.2
123 6
113.0
115.1
115.5
117 5
117.0
118.5
119.0
120 1
109.2
112.1
112.3
115 1
97.8
100.5
102.2
100 6
144.4
147 1
148.8
154 4
132.5
134 5
135.3
136 9
83.3
83 8
86.1
87 2
105.2
106.6
113 2
113.1
110.3
111.7
113.5
113.4
102.7
103.8
103.8
104.0
Feb. 3
10
17
24
125.5
124.0
125.4
126.7
119.8
117.8
119.0
120.4
122.2
119.1
121.2
123.0
117.6
116.7
117.0
118.0
102.2
101.3
103.5
103.5
155.2
154.8
156.2
157.7
137.0
138.1
141.3
143.0
89.7
88.6
89.7
88.2
114 4
116.2
119.8
119 5
117.6
114 6
119.0
117.6
116 8
116.8
' 114 5
114.5
116.3
118 0
116.7
106 3
104.2
105.0
108 0
106.6
Mar 3
10
17
24
30
. . . . 129 1
128.1
130.4
. . . 130 1
131.3
123 3
122.4
125.2
124 0
124.6
127 0
126.6
129.6
127 8
128.2
119 9
118.5
121.1
120 5
121.3
103 2
102.0
103.8
106 6
105.5
158 6
156.6
157.0
159 6
164.4
144 9
145.1
147.3
147 4
148.6
88 0
87.6
90.3
90 1
90.2
106.7
106.4
108 0
107.7
116 5
116.3
119 3
118 2
116 5
117.4
118 6
119 7
115.7
117.6
120 0
119.4
105.5
102.8
103 8
101.4
Apr 7
14
21
28
133.1
134.2
132 7
132.1
125.7
126.8
125.5
125.1
128 5
129.8
128 4
127.3
123.3
124.1
122 8
123.1
104.6
103.3
102.8
102.8
169.8
170.9
168 2
166.6
149.9
151.1
150 3
150.2
94.5
95.3
92 8
91.3
113.1
115 0
113.9
112 5
110.9
110 9
111.1
110 0
118.4
120 5
118 8
117 0
120.0
121 5
121.2
120 3
120.3
120 9
119.4
118 6
101.7
104 6
103.0
102 4
May 5
12
19
26
134.5
134 5
136.3
. . . . 134 2
127.5
127 0
128.8
127 3
130.5
129 8
132.1
130 2
124.8
124 4
125.8
124 5
105.8
107 0
109.4
107 7
168.7
171 5
173.0
166 8
152.3
151 5
153.3
155 4
93.8
95 4
99.3
99 2
114
113
117
118
110
110
114
114
119 1
119 4
122.0
120 6
121
121
125
123
118 3
119 0
120.6
120 2
103.1
103 5
105.3
101 4
June 2
134.9
134 8
131.9
131 9
130.7
128.0
128 1
125.4
125 0
123.7
130.9
130 6
127.1
126 4
125.2
125.4
125 9
123.9
123 7
122.3
106.9
107 1
104.2
103 6
103.8
167.1
166 3
161.8
163 0
161.8
156 0
155 7
154.8
157 0
156.4
99 5
98 1
95 0
96 9
95.6
Total
Durable
Nondurable
87.9
88.5
87.2
88.2
88.7
86.8
87 3
85.7
86.8
87.3
82.5
83 7
82.1
83.6
84.4
90.8
90.6
89.1
89.7
89.9
82.3
84.8
82.0
84.2
85.4
93.1
93.2
93.3
94.1
94.3
90.2
92.1
91.3
92.0
92.2
93.6
96.6
94.8
95.9
96.8
I960—July 1
89.7
90.6
90.2
90.3
88.5
89.4
89.1
89.1
85.1
85.7
85.6
85.6
91.7
92.7
92.3
92.4
86.6
88.0
87.2
87.6
94.7
95.2
94.4
95.0
92.5
93.1
92.9
93.3
97.3
100.3
99.7
99.9
Aug. 5
91.5
92 0
91 7
94 3
90.4
90 8
90 7
93.8
86.6
87 3
88.8
91.6
93.9
94 1
92 4
95.8
88.4
89 5
91 2
94 2
95.6
96 4
95 5
95.8
94.2
94 2
94 0
94 8
101.5
101 4
101.1
103.6
Sept. 2
8
15
22
29
95.4
96.5
95.3
95 9
95 9
95.0
96.3
94.9
95 3
95 4
93.6
94.2
93.2
93 6
93.7
96.4
98.2
96.4
96 9
97.0
94.9
96.5
94.2
96 3
95.7
96.5
96.1
95.7
96 1
96 2
95.9
97.3
97.9
100 5
100 3
104.7
108.4
105.5
106.2
104.5
Sept. 5
12
19
26
96.4
97.6
99.5
100 1
95.9
97.3
99.4
99 8
94.3
96.4
98.9
99 6
97.3
98.2
99.9
100 0
95.6
96.5
102.1
102 4
96.9
97 3
98.6
99 4
100.8
101.1
102.0
102 2
Oct 3
101.6
103.7
103.9
102.5
103.5
101.6
104 0
104.2
102.4
103.6
101.3
104.5
104.8
102.7
103.8
101.9
103.6
103.7
102.1
103.4
104.2
104.6
104.8
105.1
106.1
99.7
101 3
101 7
101.7
102.3
105.4
107 2
106.4
106 0
105.6
107.3
106.1
106 0
105.9
107.0
105.2
105 4
105.3
107.5
107.0
106 5
107.4
110 5
110.6
111 5
105.9
107.5
109.3
109.5
105.6
107.3
108.2
108.5
104.7
107.5
109.0
110.1
106.4
107.2
107.5
107.1
112 1
112.7
112.8
113 2
111.9
111 4
111.3
111.4
1119
110.4
113 6
113.6
113.6
113 0
111.6
109 8
110.0
112 4
112 2
107.9
107.8
110 4
110 0
113.7
114 7
114 2
113 0
114
113
117
117
1958—May 2
9
16
23
29
June 6
13
20
27
July 3
U
18
25
Aug. 1
10
17
24
31
Nov 7
14
21
28
Dec 5
12
19
26
1959 Jan 2
9
16
23
30
Feb 6
13
20
26
Mar 6
13
20
27
Apr 3
10
17
24
...
...
4
9
5
6
Total
Total
Durable
Nondurable
116.4
117.1
114.3
111.4
113.4
113.6
114.1
110.7
107.4
110.2
121.8
122.3
118.5
114.5
118.0
113.2
115.5
116.2
117.5
110.0
112.3
112.7
113.7
30
116.1
114 2
112.0
109.3
108.7
Oct. 7
14
21
28
105.4
104.3
106.4
105 7
103.7
103 8
104.4
104.7
104.4
103.4
105 6
105 1
104 4
110.0
110.2
110.6
112.1
109 5
109.2
109.4
111 0
109.4
109.1
109.5
113 2
112.7
111.9
112 8
112.4
111 1
112
111
115
116
6
8
7
4
Trade,
finance, Mining
and
service
Transportation
Week ending—
7
8
2
8
7
1
3
3
8
7
7
2
g
15
22
29
12
19
26
9
16
23
9
16
23
30
1959—May 1
8
15
22
29
117.0
. . 116.2
117.9
118.3
119.1
116.1
115.6
117.6
117.8
119.0
118.4
117.4
119.9
120.9
123.0
114.1
114.0
115.5
115.1
115.3
119.9
117.5
118.9
121.5
120.0
121.4
119.3
119.7
120.2
120.3
119.2
119.4
120.9
120.9
121.7
98.8
98.2
99.5
99.8
97.3
June 5
12
19
26
...
116.7
116 3
... 116.0
117.7
116.5
116 4
116.2
118.0
120.4
121 5
121.6
123.3
113.0
111 8
111.2
113.2
117.9
118 5
119.4
121.0
117.5
115 2
114.4
115.3
121.0
121 2
121.7
124.0
94.8
94 1
92.9
94.9
July 3
10
17
24
31
120 4
... 121.7
120.3
... 121.2
122.9
120 9
122.2
120.7
122.0
124.1
127 0
129.5
127.5
129.3
128.9
115 3
115.5
114.6
115.2
119.7
122 1
123.2
119.4
119.0
120.0
118 0
119.1
118.2
118.6
118.6
125 7
127.5
125.7
125.4
126.1
93 1
95.3
94.4
93.0
99.0
Aug 7
14
21
28
121.6
120.4
120.0
120.9
122.4
121.0
120.4
121.5
126.9
125.3
125.0
127.5
118.3
117.0
116.1
116.1
117.0
115.2
116.0
116.2
119.2
119.3
118.8
118.8
125.3
123.6
124.9
126.3
97.7
96.5
94.9
94.6
Sept. 4
11
18
25
118.9
... 116.7
114.1
115.5
119.5
117.2
114.4
115.9
125.0
123.3
120.2
122.3
114.3
111.6
109.1
110.0
113.0
111.5
107.8
110.2
117.3
114.7
112.3
114.2
124.9
123.6
123.0
122.7
92.7
93.1
88.3
87.3
Oct 2
9
16
23
30
116.4
116.1
116.8
115.1
... 117.0
116.5
116.2
116.9
115.2
117.6
122.9
122.7
123.5
121.5
123.0
110.7
110.2
110.8
109.4
112.7
112.6
112.7
113.9
111.4
109.6
116.2
116.0
116.2
115.2
115.5
124.1
124.0
125.0
122.8
123.9
84.9
84.5
84.3
82.0
85.0
Nov. 6
13
20
27
117.2
... 115.7
115.9
117.4
117.9
116.1
116.5
118.4
122.9
121.1
122.0
125.1
113.3
111.6
111.5
112.3
109.0
105.4
106.4
105.8
115.3
114.3
113.7
114.1
124.8
124.8
125.5
125.8
82.0
82.2
81.3
82.6
Dec 4
11
18
24
31
119.7
119 9
... 120.5
120 2
122 0
121.2
121 6
122.3
121.8
123 4
127.3
128 2
129.2
129 1
130 4
115.5
115 6
116.0
115.2
117 0
107.1
107 9
107.7
107.1
108 3
115.1
114 0
114.2
114.7
117 5
126 A
125 9
127.0
126.8
129 0
87.0
85 6
85.1
85.0
86 6
i960 Jan 8
15
22
29
121 4
118 9
117 1
... 113 2
122 0
118 8
116 7
112.4
129
125
123
118
5
8
6
2
115 1
112 4
110 3
107.0
108 3
108 0
105 7
103.5
120 7
121 0
120.1
118.4
128 5
127 4
125.8
120.5
86 7
83 8
81.9
80.8
Feb 5
12
19
26
114 1
... 113.1
114 7
114.6
113 2
111.9
113 1
112.9
119 3
118.2
119 5
119.5
107 6
106.0
107 3
106.9
102.5
103.6
103 8
102.0
120.1
120.6
124 0
124.6
121.2
120.8
121 9
123.6
79.1
79.2
78 6
77.1
Mar 4
11
18
25
111 3
110 7
112 2
... 114.1
109 2
108 5
110 1
111.9
114 8
114 3
115 9
118.3
104 0
103 1
104 8
106!l
96 6
96 7
97 4
98.9
123 4
122 8
123 7
126.1
121 0
120 6
122 6
124.8
75 3
75 0
75 7
76.8
Apr 1
8
14
22
29
113.1
115 1
115.2
113 0
... 111 0
110.8
113 1
112.6
110.3
108.1
117 3
120 6
120i6
117 8
115 0
104.7
106 1
105.3
103 5
101.7
96.2
97 7
97.8
96 1
94.6
125.9
127 1
129.6
127.0
125.7
124.7
125 7
126.2
125.9
123.8
74.3
75 0
74.6
72.4
70.9
109
110
111
111
116
118
119
120
102
102
104
103
95
94
97
95
5
4
4
8
126 2
126 5
126 4
126.6
124 6
125 5
126 0
127.2
70 3
69 0
73.4
70.8
93 9
99 2
96 2
99.1
129.3
130.1
129 3
130.6
129.6
132.0
132 6
134.1
70.0
71.4
70 0
69.8
May 6
13
20
27
June 3
10
17
24
111
112
114
113
8
9
1
9
•. 114 8
118 4
117 2
117.8
0
5
8
5
112 1
116 3
115 0
115.2
2
8
7
2
121 2
125 4
123 2
123.8
4
8
5
5
103 7
108 0
107 3
107.3
1961—July 7
14
21
28
132.9
131.9
130.9
135.0
125.4
124.4
123.3
127.6
126.5
125.4
124.8
129.3
124.4
123.4
121.9
126.0
105.5
102.8
100.3
104.4
165.8
165 5
165.5
170.1
159 4
158 2
156.9
159 3
95 1
93 2
91.6
92 6
Aug 4
11
18
25
137.1
.... 137 7
138 2
... 136.6
129.9
130.4
131 0
129.2
131.8
132.0
131 6
129.7
128.1
128.9
130 5
128.6
106.0
106.5
108 3
107.1
170.0
171 3
170 9
170.2
163.5
164 0
164 6
164.7
93.5
93 4
92 9
91.5
Sept 1
8
15
22
29
137.7
137 1
.... 136.7
134.8
134.9
130.5
130 2
129.4
127.3
127.0
132.3
132 3
132.8
130.4
130.7
128.9
128 3
126.4
124.5
123.7
107.9
106 6
107.2
106.0
106.5
169 7
168 0
169.4
167.8
169.5
167 1
166 2
166.2
165.7
166.6
91 5
88 7
86.3
84 5
85.7
Oct 6
13
20
27
137.4
. .... 137.5
138.5
... 138.4
129.2
128.8
129.4
129.1
132.7
132.3
132.1
131.5
126.0
125 5
127.0
127.0
110.9
111 0
110.1
108.5
171.8
173 3
174 5
175.9
171.4
174 8
180.5
179.8
87.0
89 0
92 3
92.7
Nov 3
10
17
24
140.7
144.0
145.3
... 145.9
130.8
134.2
134.7
135.0
132.7
137.1
136.3
136.6
129.2
131.5
133.3
133.6
109.6
109.9
110.9
109.2
181.2
185 0
187.3
190.3
181.1
185 4
193.0
191.4
92.7
95 1
94.2
98.3
Dec 1
8
15
22
29
145.8
146 5
146.5
144.3
145.7
135.4
135.9
136.0
134.6
135.9
137.6
138.3
138.9
136.8
138.7
133.3
133.7
133.4
132.7
133.2
109.5
108.6
107.3
105.9
108.0
188.9
190 7
190.8
184.9
186 7
188.6
189 3
188.4
186.2
187 3
101.5
102 0
101 3
100.3
100 6
1962 Jan 5
12
19
26
.... 141.7
141.6
139.8
138.5
132.0
131.9
130.1
129.0
134.6
134.9
133.0
132.0
129.7
129.1
127.4
126.2
108.0
109.6
109.1
107.4
182.9
182.6
180.7
179.6
178.0
178 2
174.8
170.0
99.7
105 2
106.4
105.1
Feb 2
9
16
23
... 141.9
143.3
143 6
... 142.5
132.9
133.9
134 0
132.9
134.5
135.4
134 7
133.1
131.5
132.6
133 5
132.7
110.9
111.0
111 0
109.2
180.3
183.2
183 9
184.6
175.0
177 4
178 1
175.1
105.9
112 1
113 3
107.5
Mar 2
9
16
23
30
142 4
143.1
144 3
143 2
141.4
132 9
133.8
135 0
133 9
132.0
132 7
134.9
135 6
134.6
132.2
133 0
132.9
134 4
133.3
131.9
108 7
107.5
107 6
107 1
106.0
184 5
184.9
185 5
184 3
182.0
173 9
173 4
177 0
176 9
175.0
110 2
108 4
105 5
104 6
104.1
Apr 6
13
20
27
139.8
137.8
139.6
134.7
130.1
128.1
129.7
124 9
130.6
128.6
129.5
123.1
129.7
127.7
130.0
126.7
104.2
103.2
104.5
100 5
182.1
179.8
182.6
176 8
173.9
171.1
173.7
169 4
104.1
103.4
105.9
102 2
May 4
11
18
25
134.8
.... 127 2
129.9
121 1
125.2
118 1
119.9
112 4
123.7
116.4
119.2
110 3
126.7
119.8
121.3
114 4
101.4
98.1
100.0
94 4
175.4
164.6
169.8
158 7
169.4
162 0
165.4
149 7
102.0
97 4
98.2
92 4
June 1
8
15
22
29
120.8
118.7
113.9
107.0
111.3
111.9
109.9
105.3
98.6
103.0
109.9
107.8
102.9
95.2
100.3
113.8
111.8
107.7
101.8
105.6
94.6
92.7
90.2
85.5
88.1
158.3
156.0
150.3
143.0
148.1
150.6
148.6
141.1
131.4
134.7
92.4
91.1
87.1
83.8
86.9
July 6
13
20
27
114.2
117 7
115.6
116.4
105.2
108 4
106.5
107.3
102.0
106.0
104.0
105.4
108.2
110.6
108.8
109.1
89.9
91.9
89.4
88.9
153.1
159 3
156.4
157.8
139.7
141 0
138.3
138.5
88.9
92.5
91.2
90.9
Aug. 3
10
17
24
31
118.3
117.1
120.2
121.5
120.6
109.4
108.2
110.9
112.2
111.4
107.6
106.6
109.9
111.3
109.9
111.0
109.8
111.9
113.1
112.8
90.4
88.8
90.2
92.2
91.5
159.3
157.5
161.8
163.1
161.8
139.1
139.6
145.4
147.3
146.6
93.2
91.8
92.1
93.2
93.3
15.
COMMON STOCK PRICE INDEXES: SECURITIES AND EXCHANGE COMMISSION — Continued
B.
WEEKLY, 1939-MAY 1964—Continued
[1957-59 = 100]
Manufacturing
Manufacturing
Week ending—
Total
Total
Durable
Nondurable
Transportation
Public
utility
Trade,
finance,
and
service
Mining
109.8
111.3
108.6
106.0
107.9
109.0
105.4
102.5
111.6
113.6
111.7
109.2
90.7
89.8
87.2
86.2
159.9
160.1
158.8
154.1
144.1
143.8
141.6
136.8
92.6
93.9
91.7
90.8
116.6
116.2
113.2
111.2
107.6
107.3
104.3
103.0
104.8
104.3
100.7
100.2
110.3
110.1
107.8
105.5
87.0
87.8
85.5
86.1
157.4
156.9
153.6
149.4
139.4
138.6
135.6
129.8
92.5
93.3
90.1
89.2
Nov. 2.
9.
16.
23.
30.
118.0
120.1
122.8
125.5
127.4
109.7
111.3
114.2
116.7
118.3
106.5
107.5
110.8
113.7
114.8
112.8
114.9
117.3
119.6
121.7
90.4
94.4
97.9
100.1
103.2
156.0
159.9
161.6
164.8
167.8
138.9
141.3
146.4
149.4
150.9
93.4
95.6
96.6
101.5
101.3
Dec. 7.
14.
21.
28.
O
119.0
120.1
117.7
114.6
Oct. 5.
12.
19.
26.
^
128.5
127.5
127.7
128.3
119.6
118.4
118.8
119.5
115.1
113.5
113.3
114.2
123.9
123.0
124.0
124.4
103.1
101.5
102.1
102.4
168.3
167.8
167.4
168.2
152.4
152.1
151.6
151.1
102.2
101.4
100.7
101.5
1963—Jan. 4.
11,
18.
25.
130.6
132.2
133.0
134.5
121.8
123.3
123.8
125.3
117.2
118.9
119.4
121.1
126.1
127.4
127.9
129.4
106.4
107.2
106.9
108.7
170.3
171.8
174.5
175.5
153.5
156.3
155.8
157.7
104.2
106.0
107.3
109.6
Feb. 1,
8,
15,
21.
135.2
134.9
135.4
134.3
126.0
125.4
125.9
124.7
121.4
120.7
121.7
120.2
130.2
129.8
129.8
128.9
108.8
109.9
112.0
110.4
176.9
177.8
177J
158.2
158.0
159.1
158.1
110.2
108.9
109.0
109.1
Mar. 1
8
15
22
29,
130.6
133.2
134.3
134.9
135.6
121.1
123.9
125.1
125.6
126.6
116.2
118.4
119.0
119.3
120.8
125.8
129.1
130.8
131.5
132.1
107.5
108.9
109.0
109.9
111.0
172.0
173.9
174.9
175.9
175.9
156.0
158.7
159.1
159.9
159.2
106.3
109.8
111.8
115.7
114.1
Apr. 5
19
26
139.2
140.3
141.2
142.0
130.4
131.7
132.7
133.3
125.5
126.4
127.6
127.9
135.0
136.8
137.5
138.3
113.7
114.8
117.2
119.5
178.8
178.2
179.0
180.7
162.7
165.1
164.6
166.6
116.9
119.3
122.8
121.2
May 3,
10
17,
24
31
142.7
143.7
143.0
142.5
144.1
133.8
135.0
133.9
133.3
135.4
128.6
131.7
130.3
129.8
133.3
138.6
138.1
137.4
136.7
137.5
121.1
121.2
124.4
126.7
127.6
181.6
181.4
180.6
180.0
179.6
168.0
168.8
171.6
170.7
171.1
121.9
123.2
123.3
122.9
124.7
June 7
14
21
28
143.2
142.9
142.8
141.0
134.5
134.1
133.9
132.1
132.2
131.1
130.9
127.9
136.8
136.9
136.8
136.2
126.2
125.9
129.0
127.8
178.6
178.7
178.5
176.3
170.7
171.6
171.0
169.1
124.8
123.9
125.5
126.7
July 5
12
19
26
142.8
141.6
139.0
139.4
134.0
132.6
130.0
130.5
129.3
127.1
124.9
124.9
138.5
137.8
134.8
135.8
128.6
128.3
124.8
121.6
178.1
177.1
175.6
175.8
170.8
169.7
166.4
167.0
130.1
129.1
125.6
124.3
1
Series
http://fraser.stlouisfed.org/ discontinued
Federal Reserve Bank of St. Louis
with figures for May 1964. See text p. 16.
Total
Total
1962—Sept. 7.
14.
21.
28.
UJ
Week ending—
Durable
Nondurable
Transportation
Public
utility
Trade,
finance,
and
service
Mining
1963—Aug. 2.
9.
16.
23.
30.
140.9
143.4
145.4
146.0
147.3
132.2
134.4
136.1
136.9
138.3
126.4
128.6
130.9
132.4
133.6
137.6
139.9
141.1
141.2
142.8
125.0
127.0
130.4
129.9
131.7
176.8
179.7
182.7
182.1
183.2
167.7
170.5
174.1
176.2
177.1
126.9
132.9
133.5
132.6
135.7
Sep,.6.
148.1
148.8
149.0
146.7
139.3
140.1
140.7
137.6
135.4
136.1
136.9
133.6
143.1
143.9
144.3
141.4
129.6
128.1
128.4
126.0
182.9
183.1
182.4
183.2
179.8
180.9
179.9
178.3
133.6
135.0
133.5
129.6
Oct. 4 . . .
11...
18...
25...
148.2
147.0
149.1
150.6
139.2
137.9
140.4
141.9
136.1
136.0
139.0
141.0
142.1
139.9
141.7
142.8
127.7
127.2
129.0
128.7
184.3
183.6
184.5
186.9
180.4
178.2
180.7
180.2
131.0
130.2
129.9
129.0
Nov. 1
8
150.2
149.2
147.0
141.2
149.1
141.5
140.2
137.4
131.5
139.3
141.4
139.1
135.9
129.0
137.8
141.7
141.4
139.0
134.0
140.8
128.8
130.2
131.9
124.0
132.7
186.4
186.8
186.4
182.0
190.3
178.7
177.2
174.8
168.0
176.0
128.4
129.4
128.0
121.3
132.3
Dec. 6.
13.
20.
27.
150.7
150.8
151.2
151.5
140.8
140.9
141.8
142.2
137.8
137.5
137.2
138.4
143.8
144.2
146.2
1419
133.7
135.5
134.8
135.6
191.9
191.8
190.9
190.6
177.0
176.9
176.1
176.0
136.4
135.7
134.2
134.5
1964—Jan. 3
10
17
24
31
153.6
155.2
155.8
157.0
157.0
144.6
145.9
146.3
147.2
147.7
141.5
142.9
143.5
143.4
143.3
147.7
148.8
149.0
150.9
151.9
138.3
139.8
141.0
142.5
140.4
192.1
195.1
196.9
198.6
197.4
176.6
177.7
177.7
18O.0
179.6
139.8
139.5
139.2
141.7
140.7
7...
14...
20...
28...
157.4
158.2
158.6
158.8
148.0
148.5
149.4
149.9
142.7
144.4
145.4
146.4
153.1
152.5
153.2
153.3
142.5
143.7
145.8
148.6
197.3
199.2
196.8
195.9
180.3
181.2
183.7
182.6
142.7
145.4
144.2
141.2
Mar. 6. . .
13...
20...
26...
159.8
161.5
161.0
161.4
151.2
153.4
153.0
153.7
148.6
152.5
150.3
152.0
153.7
154.3
155.6
155.4
149.6
149.7
150.7
151.7
195.5
195.4
193.8
193.4
184.0
185.8
186.2
185.2
141.8
143.0
143.5
143.6
Apr. 3
10
17
24
162.9
.162.6
164.1
162.5
155.1
154.9
155.6
154.0
152.7
152.3
152.0
150.2
157.5
157.4
159.2
157.7
154.1
154.0
153.7
150.8
195.1
193.4
198.0
196.3
186.9
188.2
191.6
190.1
143.8
147.4
153.4
152.6
May 1
163.4
165.3
165.0
164.5
163.8
155.1
157.1
156.7
155.8
155.2
151.4
153.3
152.8
152.1
151.5
158.6
160.8
160.5
159.5
158.9
153.4
156.5
157.3
162.1
160.8
195.9
196.3
195.9
196.0
194.2
191.5
194.1
195.9
195.8
195.9
158.4
162.5
161.0
160.9
160.8
29.
27.
15
22
29
Feb.
15..
22..
281.
16.
STOCK YIELDS, 1926-63
[Per cent per annum]
Dividend/price
ratio
Preferred
Common
Earnings/
price
ratio,
common
1926
1927
1928
1929
5.78
5.51
5.12
5.12
4.94
4.76
3.98
3.47
9.19
6.29
5.67
7.51
1930
1931
1932
1933
1934.
4.95
5.04
6.13
5.75
5.29
4.51
6.15
7.43
4.21
3.72
6.33
7.51
5.95
4.36
5.16
Period
1935
1936
1937
1938..
1939
4.63
4.33
4.45
4.34
4.19
3.82
3.44
4.86
5.18
4.05
7.23
6.57
8.25
5.55
7.34
1940
1941
1942
1943
1944
4.14
4.08
4.31
4.06
3.99
5.59
6.82
7.24
4.93
4.86
9.80
12.14
11.42
7.82
7.34
1945
1946
1947
1948
1949
3.70
3.53
3.79
4.15
3.97
4.17
3.85
4.93
5.54
6.59
6.39
6.31
10.69
14.60
15.12
1950
1951
1952
1953
1954
3.85
4.11
4.13
4.27
4.02
6.57
6.13
5.80
5.80
4.95
15.20
10.89
9.56
10.36
8.93
1955
1956
1957
1958
1959
4.01
4.25
4.63
4.45
4.69
4.08
4.09
4.35
3.97
3.23
8.72
7.14
7.78
6.02
5.92
1960
1961
1962
1963
4.75
4.66
4.50
4.30
3.47
2.98
3.37
3.17
5.88
4.76
6.06
5.68
1926—Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
5.83
5.80
5.83
5.80
5.77
5.77
5.77
5.74
5.81
5.82
5.78
5.67
4.46
4.51
4.92
5.17
5.26
5.24
5.09
4.92
4.86
4.97
4.93
4.94
1927—Jan...
Feb...
Mar..
y
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
5.65
5.60
5.57
5.54
5.49
5.50
5.52
5.48
5.45
5.45
5.43
5.40
5.02
5.01
5.07
4.97
4.85
4.97
4.91
4.68
4.42
4.47
4.37
4.32
1928—Jan...
Feb...
Mar..
5.33
5.24
5.11
4.31
4.39
4.20
9.19
6.29
Dividend/price
ratio
Month
Preferred
Common
1928—Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.
4.94
4.96
5.05
5.10
5.12
5.15
5.22
5.13
5.11
4.05
3.93
4.13
4.14
4.01
3.78
3.72
3.50
3.60
1929—Jan.. .
Feb..
Mar..
Apr..
May.
June.
July. .
Aug..
Sept..
Oct.. .
Nov..
Dec.
5.07
5.09
5.09
5.10
5.12
5.16
5.14
5.17
5.14
5.15
5.18
5.06
3.36
3.38
3.31
3.35
3.37
3.38
3.16
3.01
2.92
3.33
4.54
4.48
1930—Jan.. .
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct.. ,
Nov..
Dec..
5.06
5.04
4.96
4.95
4.95
4.95
4.95
4.92
4.87
4.84
4.91
4.99
4.38
4.14
3.99
3.78
4.02
4.50
4.44
4.42
4.33
5.05
5.43
5.62
1931—Jan.. .
Feb...
Mar...
Apr...
May..
June..
July. .
Aug...
Sept...
Oct.. .
Nov...
Dec...
4.96
4.90
4.86
4.83
4.83
4.87
4.86
4.84
4.97
5.38
5.43
5.75
5.50
5.12
4.95
5.43
5.95
5.96
5.66
5.74
6.51
7.28
7.06
8.68
1932—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
5.85
5.84
5.76
6.33
6.57
6.88
6.72
6.09
5.85
5.86
5.87
5.89
8.22
8.04
7.16
9.13
9.57
10.30
8.85
5.65
4.94
5.73
5.84
5.68
1933—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
5.75
5.81
6.07
6.12
5.95
5.68
5.53
5.50
5.47
5.55
5.74
5.78
5.42
6.04
6.18
5.47
3.90
3.20
2.95
3.19
3.30
3.59
3.65
3.59
131
Earnings/
price
ratio,
common
5.67
7.51
6.33
7.51
5.95
4.36
Dividend/price
ratio
Month
1934_jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec
1935—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec
1936—Jan..
Feb.
Mar.
Apr.,
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec
1937—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec
1938—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec
1939_jan..
Feb.
Mar.
Apr.,
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
Preferred
Com-
5.66
5.46
5.40
5.33
5.28
5.24
5.16
5.18
5.28
5.32
5.16
4.99
4.90
4.85
4.81
4.69
4.56
4.55
4.55
4.54
4.56
4.59
4.53
4.43
4.40
4.36
4.31
4.30
4.34
4.33
4.31
4.29
4.32
4.34
4.35
4.26
4.18
4.21
4.40
4.52
4.57
4.51
4.51
4.46
4.47
4.51
4.55
4.47
4.45
4.43
4.49
4.54
4.46
4.43
4.35
4.28
4.23
4.20
4.12
4.15
4.12
4.11
4.13
4.16
4.14
4.10
4.05
4.07
4.49
4.47
4.24
4.14
3.36
3.10
3.33
3.25
3.58
i.55
3.67
4.00
4.21
4.22
4.14
4.25
4.24
4.24
4.51
4.35
4.00
3.82
3.58
3.48
3.51
3.50
3.24
3.38
3.27
3.14
3.11
3.19
3.46
3.51
3.37
3.40
3.56
3.41
3.52
4.36
4.34
3.83
3.47
3.74
4.04
4.41
4.18
4.23
5.06
6.01
7.01
7.94
7.84
7.52
6.02
5.84
5.68
5.40
4.35
4.26
4.30
3.77
3.59
3.58
3.49
3.61
3.69
4.23
4.25
4.33
4.26
4.33
3.91
3.87
4.12
4.54
mon
Earnings/
price
ratio,
common
5.16
'8.62"
' 7.92 '
'6.56'
" 5.8*1 "
' 5.90*'
*7.'89"
'6.68"
"5.82*
' 7.14 '
'9.09 '
9 .'74
6.47
'4.93 '
4.661'
' 6.13 '
'7.4V
'7.27"
' 6.14 '
'8.49"
16. STOCK YIELDS, 1926-63 — Continued
[Per cent per annum]
Dividend/price
ratio
Month
1940—Jan
Feb
Mar
Apr.
May
June. .
July
Aug
Sept.
Oct
Nov
Dec
1941 Jan
Feb
Mar
Apr..
May
June
July
AUK. . .
Sept
Oct
Nov
Dec
1942_Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1943—Jan
Feb
Mar
Apr
May
June
July.
Aug
Sent..
Oct
Nov
Dec
1944
Jan .
Feb
Mar
Apr
May
June
July.
Aug
Sept... .
Oct
Nov... .
Dec
1945—Jan
Feb
Mar
Apr
May
June.
July
Aug. .
Sept
Oct
Nov
Dec
Preferred
Common
4 07
4 10
4.13
4.11
4.21
4 38
4 22
4.19
4.15
4.10
4 08
3.97
4 58
4 65
4 70
4.73
5 69
6 31
6 08
6.11
5.95
5 92
5 98
6.37
3 94
4.05
4.08
4.10
4.15
4.15
4.05
4.02
4 04
4 07
4 01
4.15
6 38
6 61
6.52
6.77
691
6.79
6.43
6.51
6 56
6 90
7 37
8.13
4.21
4.24
4.38
4.52
4.48
4.40
4 32
4.27
4 27
4.23
4 23
4.19
7.88
8 05
8.15
8 47
8.21
7 37
7 07
6.98
6 67
6 18
6 00
5.84
4.17
4.10
4.08
4.08
4.07
4.03
3.98
3.97
3.98
4 00
4 06
4 14
5.54
5.21
5.04
4 86
4.69
4.64
4.57
4.78
4.79
4 84
5.07
5 07
4.09
4.06
4 04
4.02
4.04
3.98
3.94
3.96
3.95
3.95
3.92
3.87
4.95
4 99
4 88
4 97
4.99
4.81
4.68
4.77
4.91
4.75
4.82
4.77
3.82
3 78
3.73
3.67
3.66
3.67
3.69
3.72
3.75
3.72
3.64
3.59
4.60
4 43
4.48
4.36
4.21
4.12
4.21
4.27
4.01
3.85
3.73
3.71
Earnings/
price
ratio,
common
Dividend/price
ratio
Month
Preferred
1946
9 63
10 82
4 01
4.07
4 49
4 38
4.61
4.75
5.05
5.03
4.81
4.97
5 16
5.10
5 24
5.55
1948—Jan
Feb
Mar
Apr.
M^ay
June
July
Aug
Sept
Oct .
Nov
Dec
4.13
4.18
4.12
4.12
4.08
4.05
4 13
4.20
4 20
4.28
4 21
4.15
5.71
6.01
5.90
5.50
5.32
5.02
4 96
5.17
5 29
5.29
6 09
6.24
1949—Jan. #
Feb
Mar
Apr
May
June
July
Aug...
Sept
Oct
Nov
Dec
4.09
4.04
4.07
4 07
4.04
3.98
3.97
3.90
3.85
3 88
3.89
3 88
6.20
6.54
6.57
6 65
6.72
7.09
6.73
6.54
6.36
6 26
6.61
6 75
3.83
3 84
3 81
3 82
3.82
3.85
3.92
3.85
3.85
3.88
3.88
3.89
6.65
6 62
6 53
6 36
6.16
6.12
6.63
6.54
6.65
6.39
6.97
7.24
3.87
3 87
4.00
4.11
4.15
4.17
4.20
4.13
4.16
4.19
4.23
4.28
6.34
6 20
6.34
6.27
6.23
6.30
6.25
5.96
5.75
5.77
6.18
5.99
12.55
12.59
12 35
11.05
10.36
i i 09
i i 64
12.59
8.46
7.94
7.86
7 03
1950
7 99
7.16
7.20
7.00
7.92
"7.3*5"
5.51
4.78
....
. .
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1951—Jan
Feb
Mar
Apr
M^ay
June
July
Aug
Sept
Oct
Nov
Dec
. .
Preferred
132
1953 Jan
Feb
10.81
10.45
iO46
Mar
Apr.
Mar
June
July
Aug
Sept
Oct
Nov
11.05
13.46
Dec
1954_jan
Feb
Mar .
Apr
May
13 21
i5 24
16.50
15.87
June
July .
Aug
Sept
Oct
Nov .
Dec
1955—Jan
Feb .
Mar
Apr
May
15.95
14.88
June
July . .
Aug
Sept . . .
Oct
13 77
15 22
Nov
Dec
1956—Jan
Feb
Mar
Apr
May
16 83
15.58
13.18
11.86
11.93
9.54
10.23
June
July
Aug
Sept ..
Oct
Nov
Dec
1957—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov ..
Dec
. . .
. .
Common
4.26
4 22
4.16
4.07
4.04
4.04
4 09
4.12
4.12
4.16
4.12
4.11
1952—Jan
3 56
Feb .
3 62
Mar
3.72
3 82
Apr
3.51
May
3.48
June
4 99
3 53
3 62
July . . .
Aug
3.65
Sept . . .
4.21 "7.49"
Oct
4.33
Nov .
4 50
Dec
4.47
8.95
Jan
Feb
Mar
Apr
May
June
July.
Aug
Sept
Oct
Nov
Dec
1947
Month
3 74
3.71
3.72
3.75
3.76
3.76
3.72
3.71
3 72
3.86
Sept
Oct
Nov
Dec
9.54
Dividend/price
ratio
3 54
3 49
3 45
3.42
3 47
3 46
3 43
3.44
3.57
3.65
3 70
3.76
Jan
Feb
Mar
Apr
May
June
July
AUE
9.19
Common
Earnings/
price
ratio,
common
5.82
5.99
5.94
5.96
5.99
5.83
5.65
5.66
5.74
5.89
5.69
5.47
4 16
4.21
4.23
4.33
4.38
4.47
4.37
4.30
4 30
4.19
4 15
4.20
5.45
5.52
5.48
5.75
5.77
5.99
5.90
5.87
6.14
5.99
5.92
5.83
4.15
4.08
4.04
4.02
4 03
4.05
4 04
4.01
3 98
3.93
3 92
3.93
5.69
5.62
5.46
5.24
5.02
4.99
4.77
4.63
4.57
4.43
4.52
4.45
3.98
4 00
4.01
3.98
3.99
3.98
3.96
4.01
4.06
4 04
4.01
4 05
4.38
4.32
4.33
4.19
4.23
4.01
3.72
3.87
3.72
3.94
4.05
4.15
4.03
3.99
4 01
4.15
4 22
4.17
4 16
4.24
4.39
4.42
4.56
4.63
4.24
4.24
3.97
3.94
4.09
4.09
3.89
3.92
4.07
4.12
4.27
4.24
4.51
4 47
4.46
4.47
4.53
4.69
4.75
4.83
4.79
4.80
4.78
4.49
4.31
4 54
4.47
4.36
4.18
4.04
3.95
4.17
4.31
4.54
4.67
4.64
Earnings/
price
ratio,
common
9.73
9.09
9.74
9.67
9.69
10.53
11.35
9.87
9.54
9.42
8.48
8.26
9.18
9.04
8.61
8.03
7.67
7.26
6.46
7.18
8.28
7.33
7.50
8.00
16. STOCK YIELDS, 1926-63 — Continued
[Per cent per annum]
Dividend/price
ratio
Month
Preferred
Common
1958—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
4.36
4.38
4.42
4.37
4.31
4.28
4.36
4.45
4.58
4.64
4.65
4.63
4.48
4.47
4.37
4.33
4.19
4.08
3.98
3.78
3.69
3.54
3.42
3.33
1959 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct . . .
Nov
Dec
4.54
4.52
4.48
4.51
4.68
4.79
4.75
4.70
4.80
4.81
4.81
4.85
3.24
3.32
3.25
3.26
3.21
3.23
3.11
3.14
3.26
3.26
3.24
3.18
Earnings/
price
ratio,
common
"6.'39"
5.88
5.93
5.87
6.35
6.53
5.50
5.28
Dividend/price
ratio
Month
Preferred
Common
I960—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
4.87
4.82
4.76
4.71
4.75
4.74
4.70
4.61
4.69
4.75
4.78
4.84
3.27
3.44
3.51
3.47
3.51
3.40
3.49
3.43
3.55
3.60
3.51
3.41
1961 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
4.73
4.68
4.66
4.67
4.63
4.66
4.69
4.69
4.69
4.62
4.59
4.64
3.28
3.13
3.03
2.95
2.92
2.99
2.99
2.91
2.93
2.91
2.83
2.85
133
Earnings/
price
ratio,
common
6.36
5.83
5.98
5.33
4.41
4.86
4.93
4.84
Dividend /price
ratio
Month
Preferred
Common
1962—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
4.59
4.52
4.48
4.45
4.45
4.52
4.59
4.55
4.50
4.49
4.45
4.42
2.97
2.95
2.95
3.05
3.32
3.78
3.68
3.57
3.60
3.71
3.50
3.40
1963—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
4.34
4.27
4.24
4.31
4.29
4.29
4.34
4.30
4.30
4.26
4.28
4.32
3.31
3.27
3.28
3.15
3.13
3.16
3.20
3.13
3.06
3.05
3.14
3.14
Earnings/
price
ratio,
common
5.08
6.54
6.33
6.28
5.60
5.79
5.69
5.62
17. TRADING IN STOCKS ON THE NEW YORK STOCK EXCHANGE: ROUND-LOT VOLUME
A. ANNUALLY AND MONTHLY, 1941-63
[In millions of shares]
Year
Total
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
1941
1942
1943
1944
171
126
279
263
13
13
18
18
9
8
24
17
10
9
37
28
11
8
34
14
10
7
35
17
10
7
23
38
18
8
26
28
11
7
14
21
14
9
15
16
13
16
14
18
15
13
18
18
36
19
20
31
1945
1946
1947
1948
1949
378
364
254
302
272
39
52
24
20
19
33
34
24
17
17
27
26
19
23
21
28
31
21
35
19
32
30
21
43
18
41
21
17
31
18
20
21
25
25
19
22
21
14
15
22
25
43
16
18
24
35
30
29
20
29
40
24
16
28
27
34
30
28
28
39
1950
1951
1952
1953
1954
525
444
338
354
573
43
70
37
34
33
33
41
27
30
33
40
36
30
42
44
48
34
29
34
44
42
38
24
26
42
46
27
26
26
42
45
28
24
22
52
38
34
21
24
57
39
36
24
26
41
48
43
26
26
44
43
26
30
27
64
60
30
41
36
76
1955
1956
1957,
1958
1959
650
556
560
747
820
75
47
48
50
83
61
46
38
40
66
67
60
36
47
82
54
54
48
50
76
45
53
53
54
71
58
37
44
57
64
48
46
48
69
71
42
45
41
62
51
60
37
37
72
58
42
40
64
95
61
46
44
48
74
65
51
46
54
76
72
1960
1961
1962
1963.
767
1,021
962
1,147
64
89
81
101
61
93
66
79
66
118
68
75
57
102
65
108
69
97
111
105
77
73
100
91
54
61
74
76
65
82
77
92
6b
64
63
107
54
73
79
122
62
88
96
94
77
82
81
99
134
17. TRADING IN STOCKS ON THE NEW YORK STOCK EXCHANGE: ROUND-LOT VOLUME — Continued
B. WEEKLY, 1934-63
[In thousands of shares]
Week
ending—
Daily
average
Week
ending—
1934—Jan. 6..
13..
20..
27..
1,339
1,435
3,597
2,928
Feb. 3 . .
10..
17..
24..
4,031
4,581
2,727
2,350
1935—Mar. 2 . . .
9...
16...
23...
30...
Mar. 3 . .
10..
17..
24..
31..
1,691
1,452
1,452
1,342
1,385
Apr. 6 . . .
13...
20...
27...
Apr. 7 . .
14..
21..
28..
1,476
1,390
1,607
1,302
May 5 . .
12..
19..
26..
1,423
1,931
1.169
June 2 . .
617
925
921
753
611
9..
16..
23..
30..
648
473
572
850
July 7 . .
14..
21..
28..
2,208
Aug. 4 . .
11..
18..
25..
715
933
645
831
Sept. 1..
583
573
677
656
751
8..
15..
22..
29..
Oct. 6..
13..
20..
27..
Nov. 3 . .
10..
17..
24..
Dec. 1..
8..
15..
22..
29..
634
1,005
664
813
566
1,157
,280
,065
,215
,272
1,084
1,019
1,383
1935—Jan. 5 . .
12..
19..
26..
1,105
1,263
Feb. 2 . .
634
584
558
9..
16..
23..
897
648
1,305
May 4 . . .
11...
18...
25...
1939_Nov. 4 . . .
11...
18...
25...
1,330
1,272
Oct. 1 . . .
8...
15...
22...
29...
1,556
1,970
2,246
2,407
1,841
Dec. 2 . . .
9...
16...
23...
30...
741
784
849
851
2,316
1,552
1,652
Nov. 5 . . .
12...
19...
26...
1,192
2,603
1,580
1,080
Dec. 3 . . .
10...
17...
24...
31...
1,027
1,121
Aug. 7 . . .
14...
21...
28...
892
878
778
762
1,022
1,331
1,765
1,575
Sept. 4 . . .
11...
18...
25...
795
838
790
979
725
547
1936—May 2 . . .
9...
16...
23...
29...
2,075
1,121
1937—July 2 . . .
10...
17...
24...
31...
763
984
June 6 . . .
13...
20...
27...
1,031
1,048
1,179
July 3 . . .
11...
18...
25...
1,448
1,676
1,267
1,564
1,025
1938—Sept. 3 . . .
10...
17...
24...
Week
ending—
994
Daily
average
Daily
average
Daily
average
1,100
1,566
Week
ending—
Week
ending—
Week
ending—
Daily
average
939
891
1,002
781
Daily
average
766
1,249
936
838
June 1 . . .
8...
15...
22...
29...
1,178
1,370
1,011
Aug. 1 . . .
8...
15...
22...
29...
1,892
1,435
1,330
1,121
1,190
Oct. 2 . . .
9...
16...
23...
30...
1,401
1,412
2,464
4,516
2,282
July 6 . . .
13...
20...
27...
1,000
1,292
1,279
1,520
Sept. 5 . . .
12...
19...
26...
1,341
1,683
1,246
1,712
Nov. 6.. .
13...
20...
27...
1,562
1,686
1,526
1,618
Aug. 3 . . .
10...
17...
24...
31...
1,985
1,982
2,263
2,135
1,466
Oct. 3 . . .
10...
17...
24...
31...
1,801
2,607
2,174
1,894
1,739
Dec. 4 . . .
11...
18...
24...
31...
1,234
1,195
1,053
1,259
1,735
Sept. 7 . . .
14...
21...
28...
1,810
2,202
1,952
1,188
Nov. 7 . . .
14...
21...
28...
3,245
3,015
2,777
2,413
1938—Jan. 8 . . .
15...
22...
29...
1,231
1,446
Oct. 5 . . .
12...
19...
26...
1,725
1,523
2,130
2,907
Dec. 5 . . .
12...
19...
26...
2,422
2,330
2,520
1,897
Feb. 5 . . .
11...
19...
26...
891
671
676
995
Nov. 2 . . .
9...
16...
23...
30...
2,258
3,032
3,178
3,852
2,601
1937—Jan. 2 . . .
9...
16...
23...
30...
2,206
2,652
3,582
3,166
2,410
Mar. 5 . . .
12...
19...
26...
546
702
993
Dec. 7 . . .
14...
21...
28...
2,517
2,377
1,682
2,309
Feb. 6 . . .
13...
20...
27...
1936—Jan. 4 . . .
11...
18...
25...
2,683
3,717
3,168
2,529
Feb. 1 . . .
8...
15...
22...
Z,y. . .
1,607
852
1,124
1,354
2,933
3,197
2,668
2,490
Apr. 2 . . .
9...
16...
23...
30...
1,501
Mar. 6 . . .
13...
20...
2n...
3,023
2,962
2,111
1,708
May 7 . . .
14...
21...
28...
742
912
494
623
3,398
3,021
3,179
4,242
Apr. 3 . . .
10...
17...
24...
1,476
1,762
1,355
1,300
June 4 . . .
11...
18...
25...
502
453
365
Z,J\Jl
2,034
July 2 . . .
9...
16...
23...
30...
Aug. 6 . . .
13...
20...
27...
1,126
Mar. 7 . . .
14...
21...
28...
2,975
2,909
2,152
1,949
May 1 . . .
8...
15...
22...
29...
Apr. 4 . . .
11...
18...
25...
1,719
1,928
1,593
1,832
June 5 . . .
12...
19...
26...
963
842
1,129
1,030
718
738
709
1,041
596
135
902
1,101
881
508
766
749
940
1,498
1,218
1,885
1,186
6...
13...
20...
27...
889
872
688
637
Feb. 3 . . .
10...
17...
24...
594
761
768
814
614
744
839
696
985
1,481
1,404
1,374
1940_jan.
7...
14...
21...
28...
1,452
1,101
1,558
Mar. 2 . . .
9...
16...
23...
30...
Feb. 4 . . .
11...
18...
25...
860
720
714
841
Apr. 6 . . .
13...
20...
27...
Mar. 4 . . .
11...
18...
25...
945
815
May 4 . . .
1 1 . . . 1,101
1 8 . . . 3,483
2 5 . . . 2,114
1939_jan.
897
1,133
1,139
1,017
941
Apr. 1 . . .
8...
15...
22...
29...
1,454
1,710
1,329
502
582
June 1 . . .
8...
15...
22...
29...
1,116
May 6 . . .
13...
20...
27...
538
541
510
788
July 6 . . .
13...
20...
27...
346
311
333
259
June 3 . . .
10...
17...
24...
610
597
511
491
454
307
376
317
399
July 1 . . .
8...
15...
22...
29...
637
361
676
Aug. 3 . . .
10...
17...
24...
31...
Sept. 7 . . .
14...
21...
28...
878
457
464
713
698
468
625
650
1,845
1,360
1,535
1,031
869
630
695
2,059
Aug. 5 . . .
12...
19...
26...
1,021
Oct. 5 . . .
12...
19...
26...
2,471
2,112
1,639
2,204
1,622
Sept. 2 . . .
9...
16...
23...
30...
1,195
4,385
3,524
1,967
1,798
Nov. 2 . . .
9...
16...
23...
30...
984
Oct. 7 . . .
14...
21...
28...
1,148
1,266
1,436
Dec. 7 . . .
14...
21...
28...
677
958
801
744
796
878
534
736
731
978
761
671
635
853
853
1,163
17. TRADING IN STOCKS ON THE NEW YORK STOCK EXCHANGE: ROUND-LOT VOLUME — Continued
B. WEEKLY, 1934-64 — Continued
[In thousands of shares]
Week
ending—
Daily
average
Week
ending—
Daily
average
1941—Jan. 4 . .
11..
18..
25..
917
787
567
525
1942—Mar. 7 . . .
14...
21...
28...
504
413
381
348
Feb. 1..
606
464
671
416
Apr. 4 . . .
11...
18.. .
25...
335
351
409
355
15..
22..
29..
397
390
513
521
520
May 2 . . .
9...
16...
23...
30...
355
339
313
411
341
Apr. 5..
12..
19..
26..
649
582
502
491
June 6 . . .
13...
20...
27...
440
342
347
288
May 3 . .
10..
17..
24..
31..
435
631
430
All
371
July 4 . . .
11...
18...
25...
312
563
343
335
June 7..
14..
21..
28..
451
612
461
551
Aug. 1 . . .
8...
15...
22...
29...
303
295
321
450
364
July 5..
12..
19..
26..
415
613
953
Sept. 5 . . .
12...
19...
26...
314
400
424
672
16..
23..
30..
925
657
452
444
449
Oct. 3 . . .
10...
17...
24...
31...
627
966
716
680
627
Sept. 6. .
13..
20..
27..
585
703
729
676
Nov. 7 . . .
14...
21...
28...
844
903
646
661
Oct. 4 . .
11..
18..
25..
474
603
682
653
Dec. 5 . . .
12...
19...
26...
1,030
Nov. 1..
1943—Jan. 2 . . .
9...
16...
23...
30...
1,269
15..
22..
29..
616
793
917
832
944
Dec. 6..
13..
20..
27..
1,168
2,000
1,379
1,707
Feb. 6 . . .
13...
20...
27...
1,046
1,337
1,359
1,819
1942—Jan. 3 . .
10..
17..
24..
31..
2,084
Mar. 6 . . .
13...
20...
27...
1,904
1,594
1,237
1,684
Feb. 7..
14..
21..
28..
469
487
406
421
Apr. 3 . . .
10...
17...
24...
1,978
2,566
1,326
1,168
8..
15..
22..
Mar. 1. .
8..
Aug. 2. .
9..
8..
1,078
740
606
540
537
607
669
913
774
868
817
1,161
Week
ending—
Daily
average
Week
ending—
Daily
average
Week
ending—
Daily
average
Week
ending—
Daily
average
1943—May 1 . . .
8...
15...
22...
29...
1,299
2,630
1,840
1,207
1,290
1944—July 1 . . .
8...
15...
22...
29...
2,023
1,961
1,525
1,530
1945—Sept. 1 . . .
8...
15...
22...
29...
1,267
1,285
1,309
1,439
1,325
1946—Nov. 2 . . .
9...
16...
23...
30...
1,675
1,640
1,153
1,194
1,106
917
Oct. 6 . . .
13...
20...
27...
1,781
1,833
1,867
1,407
Dec. 7 . . .
14...
21...
28...
1,246
1,711
1,420
1,280
1,181
Nov. 3 . . .
10...
17...
24...
1,927
2,237
2,385
2,051
1947__j an . 4 . . .
11...
18...
25...
1,289
1,049
1,201
2,028
2,520
1,729
1,358
1,420
Feb. 1 . . .
8...
15...
22...
1,432
1,611
1,329
1,006
1,095
1,084
846
June 5 . . .
12...
19...
26...
1,434
1,072
1,011
Aug. 5 . . .
12...
19...
26...
July 3 . . .
10...
17...
24...
31...
1,075
1,041
1,382
1,662
Sept. 2 . . .
9...
16...
23...
30...
Aug. 7 . . .
14...
21...
28...
963
597
599
549
Oct. 7 . . .
14...
21...
28...
944
740
833
930
Dec. 1 . . .
8...
15...
22...
29...
Sept. 4 . . .
11...
18...
25...
525
823
744
844
Nov. 4 . . .
11...
18...
25...
788
981
968
840
1946—Jan. 5 . . .
12...
19...
26...
1,263
2,503
2,987
2,066
Mar. 1 . . .
8...
15...
22...
29...
Oct. 2 . . .
9...
16...
23...
30...
631
681
592
659
844
Dec. 2 . . .
9...
16...
23...
30...
1,096
1,644
1,696
1,325
1,681
Feb. 2 . . .
9...
16...
23...
2,632
1,783
1,895
2,087
Apr. 5 . . .
12...
19...
26...
Nov. 6 . . .
13...
20...
27...
1,002
1,471
1945—Jan. 6 . . .
13...
20...
27...
1,968
2,261
1,858
1,389
Mar. 2 . . .
9...
16...
23...
30...
1,822
1,064
1,206
1,297
1,386
May 3 . . .
10...
17...
24...
31...
Dec. 4 . . .
11...
18...
25...
754
Feb. 3 . . .
10...
17...
24...
1,741
1,652
2,080
1,828
Apr. 6 . . .
13...
20...
27...
1,656
1,546
1,607
1,483
June 7 . . .
14...
21...
28...
1,002
1,035
1,821
1,826
May 4 . . .
11...
18...
25...
1,109
1,513
1,211
1,393
July 5 . . .
12...
19...
26.,.
1,151
1,340
1,305
1,192
952
960
843
700
1,054
855
696
1,149
1,038
833
728
742
647
767
901
979
761
906
780
950
1,419
892
882
754
1,250
1,152
824
705
953
1944__Jan. 1 . . .
8...
15...
22...
29...
1,034
902
957
883
757
Mar. 3 . . .
10...
17...
24...
31...
Feb. 5 . . .
12...
19...
26...
869
772
889
993
Apr. 7.. .
14...
21...
28...
June 1 . . .
8...
15...
22...
29...
1,991
1,227
1,141
1,282
1,123
Aug. 2 . . .
9...
16...
23...
30...
1,155
1,152
1,972
1,686
Mar. 4 . . .
11...
18...
25...
824
1,306
1,524
1,364
May 5 . . .
12...
19...
26...
1,599
1,662
1,370
1,305
July 6 . . .
13...
20...
27...
950
989
1,024
1,193
Sept. 6 . . .
13...
20...
27...
794
817
919
776
907
902
823
990
Oct. 4 . . .
11...
18...
25...
1,101
1,070
1,721
1,564
917
1,078
1,049
725
759
805
675
672
Apr. 1 . . .
8...
15...
22...
29...
1,007
790
691
796
623
June 2 . . .
9...
16...
23...
30...
1,699
1,677
1,885
2,217
2,306
Aug. 3 . . .
10...
17...
24...
31...
1,511
May 6 . . .
13...
20...
27...
692
700
771
939
July 7 . . .
14...
21...
28...
1,130
Sept. 7 . . .
14...
21...
28...
2,901
2,796
2,349
1,851
Nov. 1 . . .
8...
15...
22...
29...
1,113
June 3 . . .
10...
17...
24...
1,098
1,210
2,330
1,761
Aug. 4 . . .
11...
18...
25...
778
Oct. 5 . . .
12...
19...
26...
1,042
1,739
1,596
Dec. 6 . . .
13...
20...
27...
1,080
1,204
1,414
1,334
136
984
1,149
961
1,172
1,134
1,265
960
916
871
1,016
969
17. TRADING IN STOCKS ON THE NEW YORK STOCK EXCHANGE: ROUND-LOT VOLUME — Continued
B.
WEEKLY, 1934-63 — Continued
[In thousands of shares]
Week
ending—
Daily
average
Week
ending—
1948—Jan. 3 . .
10..
17..
24..
1,205
1,055
940
1,048
1949_Mar. 5 . . .
12...
19...
26...
31..
yiZ
Week
ending—
Week
ending—
Daily
average
Week
ending—
Daily
average
Week
ending—
Daily
average
800
920
793
856
1950—May 6 . . .
13...
20...
27...
2,365
1,914
1,986
1,670
1951—July 7 . . .
14...
21...
28...
1,424
1,196
1,395
1,728
1952—Sept. 6 . . .
13...
20...
27...
1,191
1,341
1,192
1,359
1953—Nov. 7 . . .
14...
21...
28...
1,563
1,429
1,343
1,507
June 3 . . .
10...
17...
24...
1,559
2,097
1,743
1,768
Aug. 4 . . .
11...
18...
25...
1,876
1,666
1,586
1,341
Oct. 4 . . .
11...
18...
25...
1,036
1,088
1,489
1,104
Dec. 5 . . .
12...
19...
26...
1,705
1,414
1,603
1,563
Daily
average
Daily
average
Feb. 7..
14..
21..
28..
1,044
1,203
768
773
Apr. 2 . . .
9...
16...
23...
30...
1,332
984
928
1,065
882
Mar. 6 . .
13..
20..
27..
779
812
1,197
1,427
May 7 . . .
14...
21...
28...
956
825
888
843
July 1 . . .
8...
15...
22...
29...
3,758
1,751
2,848
2,581
2,610
Sept. 1 . . .
8...
15...
22...
29...
1,617
2,047
2,402
2,237
1,722
Nov. 1 . . .
8...
15...
22...
29...
1,196
1,658
1,473
1,920
2,028
1954—Jan. 2 . . .
9...
16...
23...
30...
2,066
1,417
1,518
1,804
1,937
Apr. 3 . .
10..
17..
24..
1,355
1,318
1,503
2,148
June 4 . . .
11...
18...
25...
1,028
1,012
1,019
748
Aug. 5 . . .
12...
19...
26...
1,935
2,052
1,829
1,802
Oct. 6 . . .
13...
20...
27...
2,084
1,861
1,907
2,176
Dec. 6 . . .
13...
20...
27...
1,680
1,925
1,908
1,749
Feb. 6 . . .
13...
20...
27...
1,787
1,888
1,742
1,551
May 1..
8..
15..
22..
29..
1,556
1,520
2,683
2,723
1,821
733
July 2 . . .
9 . . . • 982
1,002
16...
23...
1,162
30...
1,015
Sept. 2 . . .
9...
16...
23...
30...
1,472
1,609
2,393
2,176
2,343
Nov. 3 . . .
10...
17...
24...
1,658
1,510
1,280
1,235
1953—Jan. 3 . . .
10...
17...
24...
31...
1,850
1,969
1,545
1,373
1,642
Mar. 6 . . .
13...
20...
27...
2,028
1,839
1,787
1,833
June 5..
12..
19..
26..
1,375
1,658
1,698
1,677
Aug. 6 . . .
13...
20...
27...
1,160
1,291
1,103
805
Oct. 7 . . .
14...
21...
28...
2,734
2,315
2,217
2,244
Dec. 1 . . .
8...
15...
22...
29...
1,373
1,679
1,455
1,438
1,563
Feb. 7 . . .
14...
21...
28...
1,779
1,430
1,326
2,242
Apr. 3 . . .
10...
17...
24...
2,157
2,066
2,086
1,979
1,047
1,163
1,585
1,518
QQ"?
yo 1
Sept. 3 . . .
10...
17...
24...
777
879
1,497
1,399
Nov. 4 . . .
11...
18...
25...
1,878
2,150
2,010
2,602
1952—Jan. 5 . . .
12...
19...
26...
1,425
1,697
1,698
1,874
Mar. 7 . . .
14...
21...
28...
1,769
1,707
1,910
1,935
vrQV
iviay
July 3 . .
10..
17..
24..
31..
•? "JAft
Z,Z**\J
Aug. 7..
14..
21..
28..
849
868
676
626
Oct. 1 . . .
8...
15...
22...
29...
1,258
1,402
1,556
,350
[,569
Dec. 2 . . .
9...
16...
23...
30...
2,487
2,406
2,822
3,818
3,532
Feb. 2 . . .
9...
16...
23...
1,828
1,534
1,342
1,658
Apr. 4 . . .
11...
18...
25...
2,456
2,056
1,419
1,573
June 5 . . .
12...
19...
26...
1,830
1,928
1,703
2,065
Sept. 4 . .
11..
18..
25..
830
1,088
737
908
Nov. 5 . . .
12...
19...
26...
1,472
[,397
[,511
1,426
1951—Jan. 6 . . .
13...
20...
27...
3,588
3,536
3,717
2,603
Mar. 1 . . .
8...
15...
22...
29...
1,254
1,479
1,415
1,294
1,386
May 2 . . .
9...
16...
23...
30...
1,275
1,251
1,126
1,367
1,169
July 3 . . .
10...
17...
24...
31...
2,053
2,314
2,565
2,576
2,610
Oct. 2 . .
9..
16..
23..
30..
944
710
906
1,412
1,099
Dec. 3 . . .
10...
17...
24...
31...
1,694
1,788
2,204
1,564
1,994
Feb. 3 . . .
10...
17...
24...
2,902
2,607
2,209
1,954
Apr. 5 . . .
12...
19...
26...
1,538
1,235
1,650
1,385
June 6 . . .
13...
20...
27...
1,307
1,457
1,102
1,024
Aug. 7 . . .
14...
21...
28...
3,189
2,761
2,495
2,022
Nov. 6..
13..
20..
27..
2,348
1,743
1.054
1,142
1950—Jan. 7 . . .
14...
21...
28...
2,260
3,014
1,625
1,514
Mar. 3 . . .
10...
17...
24...
31...
1,787
1,745
2,125
1,411
1,462
May 3 . . .
10...
17...
24...
31...
1,288
1,140
990
1,211
1,126
July 4 . . .
11...
18...
25...
877
914
926
894
Sept. 4 . . .
11...
18...
25...
1,923
1,849
2,080
2,155
Dec. 4 . .
11..
18..
25..
1,294
1,279
,116
1,106
Feb. 4 . . .
11...
18...
25...
2,059
1,780
2,212
1,579
Apr. 7 . . .
14...
21...
28...
1,524
1,715
1,593
1,789
June 7 . . .
14...
21...
28...
1,377
1,357
1,246
1,324
Aug. 1 . . .
8...
15...
22...
29...
1,160
,078
1,012
1,009
1,242
Oct. 2 . . .
9...
16...
23...
30...
1,899
2,158
2,117
2,091
2,098
1..
8..
15..
22..
29..
,544
.087
832
837
953
Mar. 4 . . .
11...
18...
25...
1,615
1,534
1,689
1,895
May 5 . . .
12...
19...
26...
2,067
1,851
1,747
1,788
July 5 . . .
12...
19...
26...
1,457
1,121
1,202
1,125
Sept. 5 . . .
12...
19...
26...
1,311
1,134
1,893
1,108
Nov. 6 . . .
13...
20...
27...
2,640
3,231
3,358
3,422
Feb. 5..
12..
19..
26..
954
1,106
796
857
Apr. 1 . . .
8...
15...
22...
29...
2,189
2,028
2,583
3,123
2,329
June 2 . . .
9...
16...
23...
30...
1,272
1,281
1,353
1,255
1,917
Aug. 2 . . .
9...
16...
23...
30...
1,220
1,210
1,114
1,043
996
Oct. 3 . . .
10...
17...
24...
31...
,021
981
,436
,290
1,358
Dec. 4 . . .
11...
18...
25...
3,364
3,701
3,041
3,542
1949_j a n .
137
i
i . . .
8...
15...
22...
29...
1,987
2,020
2,230
2,146
17. TRADING IN STOCKS ON THE NEW YORK STOCK EXCHANGE: ROUND-LOT VOLUME — Continued
B.
WEEKLY, 1934-63 — Continued
[In thousands of shares]
Week
ending—
Daily
average
Week
ending—
Daily
average
Week
ending—
Daily
average
Week
ending—
Daily
average
Week
ending—
Daily
average
Week
ending—
Daily
average
1 9 5 5 _ j a n . 1..
3,697
4,589
3,474
2,803
1956—Mar. 3 . . .
10...
17...
24...
2,835
2,835
3,086
2,818
1957—May 4 . . .
11...
18...
25...
2,409
2,414
2,617
2,236
1958—July 5 . . .
12...
19...
26...
2,607
2,502
3,083
3,716
1959—Sept. 5 . . .
12...
19...
26...
2,315
2,785
2,444
3,202
I960—Nov. 5 . . .
12...
19...
26...
2,692
3,436
2,794
3,177
Feb. 5 . .
12..
19..
26..
3,254
3,422
3,364
2,876
Apr. 7 . . .
14...
21...
28...
2,839
2,587
2,327
2,522
June 1 . . .
8.. .
15...
22...
29...
Aug. 2 . . .
9...
16...
23...
30...
3,752
3,705
2,924
2,454
2,716
Oct. 3 . . .
10...
17...
24...
31...
2,728
2,373
2,309
2,777
3,821
Dec. 3 . . .
10...
17...
24...
31...
3,362
3,663
3,569
3,685
4,134
Mar. 5 . .
12..
19..
26..
2,990
3,242
2,906
2,475
May 5 . . .
12...
19...
26...
2,637
2,571
2,230
2,308
July 6 . . .
13...
20...
27...
2,169
2,172
2,646
2,181
1,897
2,314
2,649
2,224
1,806
Sept. 6 . . .
13...
20...
27...
2,950
3,146
3,622
3,696
Nov. 7 . . .
14...
21...
28...
3,471
3,239
3,427
3,417
1961—Jan. 7 . . .
14...
21...
28...
3,591
4,445
4,147
4,380
Apr. 2 . .
16..
23..
30..
2,816
2,358
2,868
2,895
2,576
June 2 . . .
9...
16...
23...
30...
2,170
1,976
1,775
1,599
1,800
Aug. 3 . . .
10...
17...
24...
31...
1,775
1,884
1,760
1,984
2,000
Oct. 4 . . .
11...
18...
25...
3,846
3,821
4,881
3,893
Dec. 5 . . .
12...
19...
26...
3,607
3,400
3,219
2,862
Feb. 4 . . .
11...
18...
25...
4,879
4,654
4,604
5,174
May 7 . .
14..
21..
28..
2,313
2,208
2,138
2,028
July 7 . . .
14...
21...
28...
1,968
2,272
2,262
2,110
Sept. 7 . . .
14...
21...
28...
1,370
1,810
1,636
2,528
Nov. 1 . . .
8...
15...
22...
29...
4,147
3,980
4,158
4,143
4,235
I960—Jan. 2 . . .
9...
16...
23...
30...
3,336
3,605
3,536
2,844
2,801
Mar. 4 . . .
11...
18...
25...
5,421
5,805
5,292
5,397
June 4 . .
11..
18..
25..
2,428
2,902
2,678
2,705
Aug. 4 . . .
11...
18...
25...
2,331
2,308
1,806
1,779
Oct. 5 . . .
12...
19...
26...
Dec. 6 . . .
13...
20...
27...
3,513
3,819
3,731
2,981
Feb. 6 . . .
13...
20...
27...
2,814
2,697
3,458
3,172
Apr. 1 . . .
8...
15...
22...
29...
4,940
5,798
5,134
4,943
4,480
July 2 . .
16..
23..
30..
2,308
2,891
2,321
2,316
2,233
Sept. 1 . . .
8...
15...
22...
29...
1,606
1,789
1,967
2,090
1,958
Nov. 2 . . .
9...
16...
23...
30...
1,613
3,115
2,632
4,161
1,992
2,416
2,334
2,501
3,077
1959—Jan. 3 . . .
10...
17...
24...
31...
3,760
4,168
4,203
3,860
3,744
Mar. 5 . . .
12...
19...
26...
3,248
3,196
2,590
2,719
May 6 . . .
13...
20...
27...
4,613
5,205
4,855
3,847
Aug. 6 . .
13..
20..
27..
2,109
1,735
1,455
1,959
Oct. 6 . . .
13...
20...
27...
2,077
1,481
1,635
1,570
Dec. 7 . . .
14...
21...
28...
2,215
2,297
2,635
2,477
Feb. 7 . . .
14...
21...
28...
3,228
2,959
2,701
4,089
Apr. 2 . . .
9...
16...
23...
30...
2,442
2,928
2,613
2,994
2,995
June 3 . . .
10...
17...
24...
3,932
3,944
3,264
3,215
Tiilv 1
Sept. 3 . .
10..
17..
24..
1,812
2,426
2,620
2,408
Nov. 3 . . .
10...
17...
24...
2,120
2,287
2,009
2,250
1958—Jan. 4 . . .
11...
18...
25...
Mar. 7 . . .
14...
21...
28...
0 71 1
Z, /11
4,339
2,103
2,443
1,733
Dec. 1 . . .
8...
15...
22...
2,257
2,398
2,362
2,253
Feb. 1 . . .
8...
15...
22...
Apr. 4 . . .
11...
18...
25...
4,204
4,237
4,323
3,217
3,128
3,125
3,565
3,558
May 7 . . .
14...
21...
28...
Oct. 1..
3,267
2,231
2,420
2,324
2,151
2,474
2,001
1,840
June 4 . . .
11...
18...
25...
Aug. 5 . . .
12...
19...
26...
3,767
3,633
3,605
3,444
/
Sept. 2 . . .
9...
16...
23...
30...
3,033
3,446
2,979
3,183
3,311
8..
15..
22..
Ay. .
9..
9..
•i "if.")
J, JOZ
-1
1
ji...
9 848
Z,o*fo
July
i . . .
.
1 /7O
1, "7Q8
Zy. . .
Nov. 5 . .
12..
19..
26..
1,939
2,338
2,486
2,244
1957_jan. 5 . . .
12...
19...
26...
2,654
2,372
2,301
2,100
Mar. 1 . . .
8...
15...
22...
29...
1,725
2,090
2,401
2,263
2,171
May 2 . . .
9...
16...
23...
30...
3,555
3,799
3,623
3,194
2,975
July 2 . . .
9...
16...
23...
30...
2,791
3,084
3,945
3,195
3,648
3,501
3,540
3,656
2,964
2,954
2,599
2,510
2,773
Dec. 3 . .
10..
17..
24..
2,498
2,619
2,437
2,388
2,252
Feb. 2 . . .
9.. .
16...
23...
1,810
2,088
2,388
1,741
Apr. 5 . . .
12...
19...
26...
2,160
2,075
2,445
2,722
June 6 . . .
13...
20...
27...
2,957
3,094
2,625
2,954
Aug. 6 . . .
13...
20...
27...
2,569
2,940
2,741
3,060
Oct. 7 . . .
14...
21...
28...
3,248
3,235
3,364
3,398
July 4 . . .
11...
18...
25...
3,239
3,744
3,112
2,957
Sept. 3 . . .
10...
17...
24...
2,990
2,713
2,414
2,986
Nov. 4 . . .
11...
18...
25...
3,600
4,821
4,380
4,399
Aug. 1 . . .
8...
15...
22...
29...
3,014
2,554
2,776
2,352
2,101
Oct. 1 . . .
8...
15...
22...
29...
3,571
2,442
2,195
2,586
3,173
Dec. 2 . . .
9...
16...
23...
30...
4,457
4,202
4,398
3,543
4,313
8..
15..
22..
Zy.
ji..
Z,JJ
1956—Jan. 7 . .
14..
21..
28..
2,341
2,420
2,274
2,123
Mar. 2 . . .
9...
16...
23...
30...
1,652
1,810
1,658
1,612
1,710
May 3 . . .
10...
17...
24...
31...
2,481
2,821
2,662
2,507
2,324
Feb. 4 . .
11..
18..
25..
1,955
2,062
2.119
2,642
Apr. 6 . . .
13...
20...
27...
1,948
2,398
2,168
2,683
June 7 . . .
14...
21...
28...
2,706
2,641
2,746
2,667
138
8...
15...
22...
29...
2,991
2,969
2,710
3,472
17. TRADING IN STOCKS ON THE NEW YORK STOCK EXCHANGE: ROUND-LOT VOLUME — Continued
B. WEEKLY, 1934-63 — Continued
[In thousands of shares]
Week
ending—
Daily
average
Week
ending—
Daily
average
Week
ending—
Daily
average
Week
ending—
Daily
average
Week
ending—
Daily
average
Week
ending—
Daily
average
1962—Jan. 6 . .
13..
20..
27..
3,949
3,727
3,625
3,564
1962—May 5 . . .
12...
19...
26...
3,874
3,684
3,913
4,598
2,866
3,024
2,927
3,519
1963—Jan. 5 . . .
12...
19...
26...
4,484
4,779
4,761
4,663
1963—May 4 . . .
11...
18...
25...
4,593
4,856
5,075
4,920
1963—Sept. 7 . . .
14...
21...
28...
6,126
5,559
4,831
5,289
Feb. 3 . .
10..
17..
24..
3,743
3,771
3,365
3,300
1962—Sept. 1 . . .
8...
15...
22...
zy...
Oct. 6 . . .
13...
20...
27...
2,791
2,365
3,336
5,012
Feb. 2 . . .
9...
16...
23...
4,273
4,042
4,522
4,236
4,299
4,740
5,403
6,071
3,455
4,615
3,192
2,783
Nov. 3 . . .
10...
17...
24...
4,015
4,353
4,758
4,618
3,812
3,349
3,521
3,433
3,870
4,158
5,463
4,566
4,109
3,973
Oct. 5 . . .
12...
19...
26...
Mar. 2 . . .
9...
16...
23...
30...
June 1 . . .
8...
15...
22...
29...
July 6 . . .
13...
20...
27...
3,459
3,719
3,454
3,247
Nov. 2. ..
9...
16...
23...
30...
5,733
4,972
4,539
5,642
6,451
Aug. 4 . . . 3,378
1 1 . . . 2,866
1 8 . . . 3,762
2 5 . . . 4,099
Dec. 1 . . .
8...
15...
22...
29...
5,502
4,780
3,677
3,780
3,590
Apr. 6 . . .
13...
20...
27...
4,722
5,544
5,241
5,173
Aufe. 3 . . .
10...
17...
24...
31...
3,340
3,686
4,549
4,109
4,700
Dec. 7 . . .
14...
21...
28...
4,823
4,376
4,899
4,143
Mar. 3 . . 2,996
10.. 3,065
17.. 3,293
24.. 3,166
3 1 . . 2,985
Apr. 7 . .
14..
21..
28..
3,057
3,185
3,115
3,485
June 2 . . . 10,141
9 . . . 4,208
16... 5,354
2 3 . . . 4,162
3 0 . . . 5,155
July 7 . . .
14...
21...
28...
139
18. TRADING IN STOCKS ON THE NEW YORK STOCK EXCHANGE:
TOTAL VOLUME AND VALUE, 1941-63
Year
Total
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug
Sept.
Oct.
Nov.
Dec.
Total volume (millions of shares)
1941
1942
1943
1944
226
168
361
338
19
21
22
24
13
11
29
22
13
12
48
35
15
10
45
18
J3
10
45
21
14
10
33
46
22
11
32
40
15
9
21
28
18
12
19
20
17
20
18
23
19
17
24
22
47
25
26
38
1945
1946
1947
1948
1949
496
502
337
393
353
51
69
32
28
26
42
52
32
23
22
38
36
25
28
25
34
44
29
44
28
42
46
27
55
24
50
32
23
42
24
32
29
32
33
26
29
28
22
21
29
31
58
20
22
30
46
38
36
26
36
52
33
22
36
36
47
37
35
35
48
1950
1951
1952
1953
1954
655
580
432
449
703
55
90
46
45
42
43
58
39
36
43
51
47
35
51
52
61
43
39
51
55
56
53
32
34
52
55
35
32
34
52
57
37
32
27
64
50
43
28
28
71
46
46
30
35
52
61
54
34
31
57
51
37
34
32
72
71
38
51
44
92
1955
1956
1957
1958
1959,
820
699
714
922
1,039
94
60
66
69
106
80
52
52
52
80
83
78
46
57
108
69
69
58
59
92
58
66
67
69
96
69
50
59
66
82
64
57
61
80
91
53
59
53
84
70
68
46
45
81
68
60
51
81
118
73
56
56
59
91
84
65
56
68
96
90
1960,
1961.
1962.
1963,
958
1,292
1,187
1,351
86
115
103
117
73
112
85
97
85
153
88
91
70
132
79
121
82
124
105
126
98
100
156
107
72
71
99
96
81
104
96
102
75
82
74
123
70
90
93
136
72
103
107
111
95
106
103
123
Value (millions of dollars)
1941
1942
1943
1944
5,253
3,673
7,670
8,252
519
446
433
562
336
251
528
565
319
288
861
831
348
226
869
471
324
226
823
578
350
233
715
998
522
259
783
898
344
214
509
610
427
242
467
518
412
400
454
617
422
352
586
617
929
537
641
986
1945
1946
1947
1948
1949
13,462
15,520
9,706
10,923
8,998
1,248
1,946
913
785
715
1,049
1,573
943
657
601
1,060
1,216
770
759
625
967
1,497
817
1,218
715
1,195
1,432
742
1,467
636
1,256
1,147
676
1,223
585
837
1,007
899
934
526
794
974
624
623
672
922
1,616
608
626
729
1,290
1,102
1,039
747
905
1,438
945
677
970
1,035
1,406
1,068
1,000
914
1,252
1950
1951
1952
1953
1954
18,725
18,185
14,720
14,218
24,249
1,408
2,570
1,617
1,412
1,294
1,164
1,785
1,350
1,173
1,458
1,421
1,436
1,214
1,616
1,751
1,530
1,318
1,373
1,538
1,877
1,603
1,739
1,074
1,126
1,844
1,678
1,141
1,093
1,105
1,820
1,692
1,169
1,110
903
2,142
1,456
1,392
977
946
2,410
1,379
1,444
1,009
1,067
1,850
1,796
1,712
1,117
993
2,030
1,617
1,198
1,143
998
2,577
1,981
1,277
1,640
1,342
3,195
1955
1956
1957
1958
1959
32,745
29,787
27,451
32,754
43,476
3,435
2,463
2,586
2,292
4,195
3,058
2,181
1,982
1,832
3,143
3,270
3,242
1,711
2,044
4,331
2,733
2,910
2,259
2,019
3,939
2,302
2,817
2,806
2,319
4,119
2,779
2,138
2,516
2,341
3,676
2,652
2,428
2,615
2,829
3,929
2,223
2,669
2,215
2,895
3,026
2,841
2,057
1,779
2,922
2,875
2,592
2,215
2 fill
4,172
3,069
2,352
2,397
1,960
3,407
3,407
2,509
2,269
2,200
3,682
3,767
1960
1961
1962,
1963,
37,960
52,699
47,341
54,887
3,518
4,176
4,366
4,357
3,068
4,407
3,545
3,741
3,356
5,930
3,703
3,485
2,939
5,205
3,335
4,794
3,291
4,971
4,649
4,849
3,967
4,293
6,034
4,279
2,862
3,051
3,789
3,827
3,119
4,338
3,575
4,215
2,867
3,543
2,930
5,161
2,700
3,898
3,518
5,943
2,785
4,420
4,040
5,082
3,487
4,467
3,857
5,154
NOTE.—Reported by the Securities and Exchange Commission.
140
19. MARGIN REQUIREMENTS, 1934-63
[Perc ent of market value]
1
Effective date
Regulation
Oct. 1,
1934
Feb. 1,
1936
Apr. 1,
1936
Nov. 1,
1937
Feb. 5,
1945
July 5,
1945
Jan. 21,
1946
25-45
25-55
55
40
50
50
50
75
75
100
100
55
40
50
75
100
Regulation T:
For extension of credit by brokers and dealers on listed securities
For short sales
Regulation U:
For loans by banks on stocks
Effective date
Feb. 1,
1947
Mar. 30,
1949
Jan. 17,
1951
Feb. 20,
1953
Jan. 4,
1955
Apr. 23,
1955
Jan. 16,
1958
75
75
50
50
75
75
50
50
60
60
70
70
50
50
75
50
75
50
60
70
50
Regulation T:
For extension of credit by brokers and dealers on listed securities
For short sales
Regulation U:
For loans by banks on stocks
Effective date
Aug. 5,
1958
1
141
July 10,
1962
Nov. 6,
1963
90
90
70
70
50
50
70
70
70
Requirement was the margin "customarily required" by the broker.
July 28,
1960
70
70
Regulation T:
For extension of credit by brokers and dealers on listed securities.
For short sales
Regulation U:
For loans by banks on stocks
Oct. 16,
1958
90
70
50
70
20.
STOCK MARKET CREDIT, 1938-63
[In millions of dollrif s]
Broker and dealer credit
Customer credit
Month
Total
securities
other than
U. S. Govt.
securities
Net debit balances with
N. Y. Stock Exchange
firms secured by 1—
U. S. Govt.
securities
Other
securities
Bank loans to others than
brokers and dealers for purchasing or carrying 2—
U. S. Govt.
securities
Other
securities
Money borrowed
on 3—
U. S. Govt.
securities
Other
securities
Customers'
net
free
credit
balances l
1938—Jan..
Feb..
Mar.
Apr..
May.
June,
July.
Aug.,
Sept.
Oct..
Nov.
Dec.,
1,575
1,551
1,436
1,354
1,347
1,357
1,420
1,443
1,399
1,477
1,511
1,551
958
937
831
763
760
774
843
864
823
905
939
991
617
614
605
591
587
583
577
579
576
572
572
560
641
628
576
485
482
495
528
571
559
617
662
754
288
280
239
248
243
258
284
272
257
270
252
247
1939—Jan..
Feb..
Mar.
Apr.,
May,
June,
July.
Aug.,
Sept.
Oct..
Nov.
Dec,
1,511
1,496
1,484
1,366
1,367
1,377
1,367
1,311
1,366
1,404
1,413
1,412
971
967
953
831
828
834
839
792
856
894
914
906
540
529
531
535
539
543
528
519
510
510
499
506
713
709
699
579
561
570
589
556
520
577
623
637
235
222
225
236
230
230
238
235
305
289
272
266
1940—Jan..
Feb..
Mar.
Apr.,
May.
June,
July.
Aug.,
Sept.
Oct..
Nov.
Dec,
1,371
1,371
1,364
1,383
1,183
1,120
1,116
1,098
1,097
1,108
1,126
1,142
886
893
886
910
702
653
642
631
635
653
666
677
485
478
478
473
481
467
474
467
462
455
460
465
602
616
615
626
459
376
376
368
370
381
383
427
262
253
247
252
251
267
261
256
268
269
280
281
1941_Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug..
Sept.
Oct..
Nov.,
Dec.
1,120
1,089
1,086
1,051
1,073
1,068
1,067
1,065
1,070
1,059
1,053
1,022
661
634
633
606
622
616
628
628
633
628
625
600
459
455
453
445
451
452
439
437
437
431
428
422
392
369
383
364
399
393
384
457
394
412
407
363
275
267
268
265
262
255
266
262
260
255
264
289
1942—Jan..
Feb..
Mar.,
Apr..
May.
June.
July.
Aug..
956
944
938
910
907
892
898
869
881
879
876
925
547
534
531
515
502
496
491
490
500
510
520
543
409
410
407
395
405
396
407
379
381
369
356
382
305
311
307
301
299
308
308
297
311
306
316
380
274
262
249
247
238
240
238
240
240
250
250
270
882
896
954
540
550
610
670
740
761
780
740
820
830
780
789
342
346
344
504
506
424
379
366
999
978
717
578
Sept.,
Oct..
Nov.,
Dec.
1943—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.
1,174
1,246
1,185
1.159
,106
,819
,808
,497
,367
For notes see p. 146.
142
294
321
52
220
139
93
78
67
286
264
176
138
299
350
407
443
454
422
482
479
428
430
280
310
320
330
330
334
340
340
320
330
340
354
20.
STOCK MARKET CREDIT, 1938-63 — Continued
[In millions of dollars]
Broker and dealer credit
Customer credit i-—
Net debit balances with
Total
N . Y . Stock Exchange
securities
firms secured by *—
other than
U . S. Govt.
securities
U . S. Govt.
Other
securities
securities
Month
1,081
1,118
1,121
1,067
1,100
1,208
1,286
1,278
1,279
1,285
1,271
1,394
1944—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec.
Bank loans to others than
brokers and dealers for purchasing or carrying 2 —
U . S. Govt.
securities
Other
securities
M o n e y borrowed
on 3 —
U. S. Govt.
securities
Other
securities
Customers'
net
free
credit 1
balances
278
838
579
355
279
1,295
1 318
917
618
522
505
1,526
780
800
820
780
790
887
940
940
940
950
940
1,041
301
318
301
287
310
321
346
338
339
335
331
353
143
194
178
165
120
166
188
158
151
149
167
248
420
455
452
435
426
472
475
474
488
519
478
520
370
370
380
390
400
424
420
410
420
430
430
472
1,439
1,446
1,268
1,311
1,348
1,460
1,393
1,346
1,328
1,321
1,330
1,374
109
106
110
137
145
148
153
158
181
196
925
958
984
1,065
996
952
930
905
914
942
1,093
899
741
623
600
2,012
2,050
1,599
1 283
890
1,222
2,495
369
346
343
353
364
395
397
394
398
416
416
432
206
197
170
162
173
230
213
207
215
217
236
292
526
534
551
539
568
639
611
551
547
526
475
517
530
540
553
575
583
569
579
573
594
632
639
652
1,436
1,312
1,195
1,167
1,162
1,129
1,191
1,136
1,034
1,001
979
976
193
172
166
154
144
140
109
99
82
75
80
74
974
874
769
740
712
675
636
624
549
508
491
473
2,225
2 082
,948
830
,663
559
,460
355
,160
013
901
753
462
438
426
427
450
454
555
512
485
493
488
503
262
244
231
199
191
178
143
119
94
75
72
66
472
401
390
377
356
338
299
258
211
178
166
163
727
755
712
697
669
657
653
647
729
720
723
704
1947 Jan.
Feb
Mar.
Apr
May
June
July
Aug
Sept. ..
Oct
Nov
Dec
978
1,003
1,007
1,000
950
968
998
949
969
1,026
1,005
1,032
69
66
65
62
63
62
68
77
78
79
76
61
464
507
511
491
468
488
496
474
492
529
517
517
625
616
561
542
527
498
522
502
497
480
433
376
514
496
496
509
482
480
502
475
477
497
488
515
62
56
56
45
51
55
75
83
78
72
72
44
149
161
160
161
150
169
176
157
202
185
175
199
687
681
677
665
652
651
677
656
630
614
615
613
1948 Jan
Feb.
Mar
Apr
May
June..
July
Aug
Sept
Oct
Nov
Dec
1,011
960
964
976
1,031
1,056
1,041
1,011
1,016
1,025
1,008
968
56
57
62
66
69
68
74
54
47
45
49
52
511
480
488
506
546
551
535
518
524
535
502
499
312
294
286
280
281
275
272
249
225
209
198
202
500
480
476
470
485
505
506
493
492
490
506
469
37
49
56
63
62
66
69
47
33
32
49
53
180
159
173
177
196
218
218
205
205
219
196
210
622
596
592
614
619
579
577
551
550
540
563
587
933
923
899
976
1,030
1,021
1,048
1,069
1,110
1,131
1,204
1,249
56
58
64
68
67
80
77
75
73
72
63
61
481
469
466
558
593
603
613
624
667
711
751
821
187
189
205
199
200
2"41
224
220
195
184
173
171
452
454
433
418
437
418
435
445
443
420
453
428
55
52
64
69
64
84
83
81
62
60
52
55
191
173
190
260
290
415
316
323
357
356
393
454
573
565
551
542
535
532
530
548
580
586
596
636
1945 Jan.
Feb
Mar
Apr
May
.. .
July
AUK.
Sept
Oct.
Nov
Dec.
1946 Jan..
Feb
Mar.. .
Apr
May.
. .
July.. .
Aug
Sept
Oct
Nov . .
Dec
...
1949 Jan
Feb....
Mar
Apr.
May
June
July
Aug.
Sept
Oct....
Nov.
Dec.
...
1,070
1 10O
For notes see p. 146.
143
20.
STOCK MARKET CREDIT, 193&-63 — Continued
[In millions of dollars]
Customer credit
Month
Total
securities
other than
U. S. Govt.
securities
Net debit balances with
N.Y. Stock Exchange
firms secured by 1—
U. S. Govt.
securities
1950—Jan..
Feb.,
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
1,277
1,337
1,415
1,502
1,600
1,688
1,606
1,648
1,697
1,771
1,838
1,798
46'
47
47
51
64
75
103
126
122
123
127
121
1951—Jan..
Feb..
Mar.
Apr..
May,
June,
July.
Aug.,
Sept.
Oct..
Nov.
Dec.
1,884
1,846
1,822
1,838
1,842
1,826
1,799
1,789
1,810
1,807
1,796
1,826
1952—Jan..
Feb..
Mar.
Other
securities
Broker and dealer credit
Bank loans to others than
brokers and dealers for purchasing or carrying 2—
U. S. Govt.
securities
Other
securities
Money borrowed
on 3—
U. S. Govt.
securities
Customers'
net
free
credit
balances J
Other
securities
1,034
1,111
1,180
1,105
1,104
1,163
1,228
1,233
1,237
150
137
145
138
138
144
164
199
184
186
187
175
422
431
443
468
489
508
501
544
534
543
605
561
38
43
42
38
63
69
121
147
141
133
141
136
455
480
537
581
687
757
634
605
610
626
633
617
669
669
666
678
657
677
712
708
739
771
796
890
114
97
54
45
41
38
43
41
41
40
41
40
1,297
1,269
1,250
1,241
1,246
1,239
1,223
1,219
1,249
1,250
1,238
1,253
167
171
146
127
121
129
135
128
131
127
122
118
587
577
572
597
596
587
576
570
561
557
558
573
110
79
36
32
36
35
42
39
40
45
40
36
580
563
678
629
645
631
630
585
600
608
609
659
948
953
918
879
855
838
825
816
843
853
805
822
1,811
1,799
1,814
1,844
1,845
1,844
1,884
1,938
1,935
1,913
1,937
1,980
39
40
39
38
33
32
67
48
39
31
32
33
1,250
1,241
1,254
1,277
1,279
1,290
1,320
1,290
1,293
1,285
1,314
1,332
106
102
100
93
93
103
153
134
132
114
109
149
561
558
560
567
566
554
564
648
642
628
623
648
34
38
37
36
34
41
161
60
43
29
31
30
599
614
696
782
813
873
966
866
848
831
847
877
809
790
766
756
726
714
692
675
692
692
706
727
1953—Jan..
Feb..
Mar..
Apr..
May.
June.
July.,
Aug..
Sept..
Oct..
Nov..
31
30
28
25
40
35
29
27
34
31
31
31
1,314
1,320
1,486
1,569
1,631
1,650
1,635
1,655
1,592
1,610
1,623
1,665
130
132
52
59
60
57
50
52
53
55
71
88
741
739
740
730
724
689
713
683
673
669
691
780
44
33
29
28
47
50
45
48
41
75
87
88
864
838
937
Dec.
2,055
2,059
2,226
2,299
2,355
2,339
2,348
2,338
2,265
2,279
2,314
2,445
732
730
744
738
673
659
650
641
674
672
682
713
1954—Jan..
Feb..
Mar..
Apr..
May.
June.
July.,
Aug..
Sept..
Oct..
Nov..
Dec.
2,443
2,405
2,444
2,535
2,666
2,678
2,734
2,830
2,953
3,050
3,203
3,436
34
35
39
38
45
37
33
31
34
36
40
41
1,655
1,653
1,677
1,748
1,796
1,822
1,893
1,967
2,048
2,095
2,202
2,388
70
67
80
62
68
43
34
34
36
38
31
65
788
752
767
787
870
856
841
863
905
955
1,018
1,001
1,048
90
93
83
85
103
82
70
69
66
69
63
69
1955—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct..
Nov..
Dec.
3,537
3,643
3,732
3,785
3,787
3,870
3,911
3,865
3,966
3,944
3,980
4,030
42
63
49
48
47
46
45
43
43
40
38
34
2,517
2,590
2,652
2,704
2,684
2,711
2,734
2,710
2,805
2,749
2,759
2,791
35
39
33
27
28
31
29
29
33
29
27
32
1,020
1,053
1,080
1,081
1,103
1,159
1,177
1,155
1,161
1,195
1,221
1,239
77
113
78
74
72
73
77
71
68
71
75
51
,620
,666
,861
,988
2,047
2,020
2,003
1,994
2,056
2,088
2,185
2,250
M*ay!
June.
July.
Aug..
Sept.,
Oct..
Nov.,
Dec.
855
906
972
For notes see p. 146.
144
1,040
1,146
1,167
1,116
1,134
1,029
1,024
1,040
1,074
969
971
,009
,082
,092
,099
,125
,225
,295
,353
,529
741
768
787
819
836
847
877
910
924
924
972
1,019
1,069
1,063
1,022
973
928
917
918
887
977
920
876
894
20.
STOCK MARKET CREDIT, 1938-63 — Continued
[In millions of dollars]
Customer credit
Month
Total
securities
other than
U. S. Govt.
securities
Net debit balances with
N. Y. Stock Exchange
firms secured by 1—
U. S. Govt.
securities
Other
securities
Broker and dealer credit
Bank loans to others than
brokers and dealers for purchasing or carrying 2—
U. S. Govt.
securities
Othersecurities
Money borrowed
on 3—
U. S. Govt.
securities
Other
securities
Customers'
net
free
credit 1
balances
1956—Jan.. .
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct.. .
Nov..
Dec.
4,040
3,991
4,038
4,043
4,047
4,009
4,026
3,979
3,950
3,914
3,946
3,984
36
34
31
33
38
34
31
33
33
36
32
33
2,786
2,740
2,786
2,788
2,810
2,786
2,812
2,785
2,782
2,748
2,784
2,823
37
36
40
40
40
48
45
41
42
42
43
41
1,254
1,251
1,252
1,255
1,237
1,223
1,214
1,194
1,168
1,166
1,162
1,161
54
52
50
44
42
39
31
38
42
45
43
46
2,148
2,137
2,127
2,145
2,186
2,195
2,211
2,048
2,071
2,086
2,071
2,132
905
913
960
896
870
836
858
872
866
835
822
880
1957—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct..
Nov..
Dec.
3,902
3,846
3,832
3,938
3,924
4,031
4,004
3,929
3,882
3,643
3,577
3,576
29
35
28
28
39
31
32
30
35
39
42
68
2,761
2,729
2,713
2,792
2,794
2,887
2,885
2,833
2,789
2,568
2,517
2,482
41
31
27
28
26
25
23
24
21
31
33
60
1,141
1,117
1,119
1,146
1,130
1,144
1,119
1,096
1,093
1,075
1,060
1,094
42
53
47
53
52
52
59
58
63
72
56
125
1,964
2,004
1,958
2,051
2,063
2,104
2,079
2,035
2,046
,708
,641
,706
866
828
820
807
817
820
829
816
838
879
876
896
1958—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct..
Nov..
Dec.
3,554
3,679
3,863
3,980
4,069
4,218
4,293
4,243
4,350
4,409
4,464
4,537
126
102
111
134
141
240
149
140
122
123
124
146
2,487
2,580
2,665
2,735
2,856
2,921
3,021
3,013
3,109
3,188
3,245
3,285
58
79
86
70
75
84
113
48
51
59
50
63
1,067
1,099
1,198
1,245
1,213
1,297
1,272
1,230
1,241
1,221
1,219
1,252
188
199
206
230
244
468
306
251
210
193
210
234
,552
,647
,784
,822
,809
,930
,903
,751
,865
,832
,923
2,071
937
939
954
985
979
,047
,080
,103
,119
,140
,148
,159
1959—Jan.. .
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct.. .
Nov..
Dec.
4,597
4,569
4,636
4,764
4,758
4,734
4,654
4,534
4,449
4,408
4,467
4,461
155
157
153
166
164
158
153
154
156
168
165
150
3,297
3,253
3,305
3,401
3,385
3,388
3,374
3,269
3,250
3,210
3,273
3,280
62
65
55
55
58
58
168
169
166
161
161
167
1,300
1,316
1,331
1,363
1,373
1,346
1,280
1,265
1,199
1,198
1,194
1,181
230
223
218
252
252
237
228
217
231
227
236
221
,990
,963
1,977
2,156
2,159
2,246
2,205
2,199
2,149
2,178
2,256
2,362
,226
,196
,257
,205
,188
,094
,079
,035
,039
967
974
996
I960—Jan...
Feb..
Mar..
May!
June.
July..
Aug..
Sept..
Oct.. .
Nov..
Dec.
4,372
4,281
4,165
4,161
4,142
4,221
4,143
4,252
4,292
4,303
4,303
4,415
134
138
117
113
130
106
110
111
122
111
99
95
3,198
3,129
3,028
3,037
3,021
3,082
3,004
3,109
3,137
3,133
3,141
3,222
158
150
141
139
144
139
139
145
151
140
133
138
1,174
1,152
1,137
1,124
1,121
1,139
1,139
1,143
1,155
1,170
1,162
1,193
190
202
161
185
208
162
187
173
177
161
139
142
2,233
2,194
2,059
2,155
2,115
2,110
2,042
2,063
2,143
2,139
2,129
2,133
998
981
988
940
970
,016
,018
,021
,059
,063
,062
,135
1961—Jan...
Feb..
Mar..
Apr..
May.
June.
July. .
Aug..
Sept..
Oct..
Nov..
Dec.
4,424
4,532
4,787
5,190
5,386
5,367
5,355
5,349
5,311
5,333
5,460
5,602
77
68
55
50
40
51
50
49
46
44
39
35
3,253
3,358
3,601
3,936
4,060
4,024
3,991
3,972
3,991
4,029
4,141
4,259
126
132
113
112
108
104
106
102
109
103
102
125
1,171
1,174
1,186
1,254
1,326
1,343
1,364
1,377
1,320
1,304
1,319
1,343
101
94
70
67
58
67
69
56
64
56
51
48
1,937
1,905
1,927
2,284
2,529
2,748
2,728
2,679
2,666
2,654
2,752
2,954
,269
,392
,507
,508
,453
,283
,207
,208
,227
,214
,213
,219
For notes see p. 146.
145
20.
STOCK MARKET CREDIT, 1938-63 — Continued
[In millions of dollars]
Customer credii
Month
Total
securities
other than
U.S. Govt.
securities
Net debit balances with
N. Y. Stock Exchange
firms secured by 1—
Broker and dealer credit
Bank loans to others than
brokers and dealers for
purchasing or carrying 2—
Money borrowed on 3—
U.S. Govt.
securities
Other
securities
U.S. Govt.
securities
Other
securities
U.S. Govt.
securities
Other
securities
Customers'
net
free
credit 1
balances
1962—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec..
5,464
5,426
5,457
5,491
5,408
4,938
4,876
5,073
5,156
5,165
5,285
5,494
34
34
34
36
35
32
29
23
27
25
24
24
4,111
4,066
4,083
4,079
4,000
3,605
3,562
3,773
3,887
3,864
3,951
4,125
111
133
105
117
91
92
83
80
81
81
82
97
[,353
1,360
1,374
1,412
1,408
1,333
1,314
1,300
1,269
1,301
1,334
1,369
51
71
52
57
44
46
32
35
49
29
28
35
2,860
2,812
2,912
3,015
2,845
2,194
2,091
2,472
2,689
2,596
2,558
2,785
1,225
1,190
1,154
1,110
1,205
1,374
[,252
[,130
1,091
[,126
1,151
1,216
1963—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec..
5,595
5,717
5,754
5,978
6,229
6,420
6,511
6,660
6,971
7,180
7,298
7,242
28
23
28
27
24
32
25
23
41
29
34
26
4,208
4,332
4,331
4,526
4,737
4,898
4,895
5,034
5,316
5,495
5,586
5,515
95
91
100
99
75
104
81
87
86
83
90
140
,387
1,385
,423
,452
1,492
1,522
,616
,626
,655
,685
1,712
,727
32
35
63
33
33
44
29
23
69
33
28
32
2,895
3,059
3,129
3,239
3,655
3,909
3,836
3,933
4,100
4,218
4,457
4,449
1,199
1,191
1,175
1,201
1,166
1,149
,126
,093
,180
,176
,211
,210
1
End-of-month ledger balance of member firms of the NYSE carrying
margin accounts, as reported to the Exchange.
2 Weekly reporting member bank data for the last Wednesday of the
month.
146
3
Member firms of the NYSE carrying margin accounts; end-of-month
data through May 1955, last Wednesday thereafter.
21. DETAILED DEBIT AND CREDIT BALANCES AND RELATED ITEMS OF MEMBER FIRMS OF THE
NEW YORK STOCK EXCHANGE CARRYING MARGIN ACCOUNTS, 1942-63
[In millions of dollars]
1942
1943
1944
1946
1945
1947
Item
June
DEBIT BALANCES
Cash on hand and in banks
Securities—
Borrowed
Sold, delivery pending (failed to deliver)
Net debit balances due from—
Member firms of national securities exchanges:
N.Y. Stock Exchange
Other exchanges
All other customers exclusive of firms' own
partners secured by—
U.S. Govt. securities
Other collateral
Net debit balances in partners' individual investment & trading accounts
Debit balances in—
Firm investment accounts
Firm trading & underwriting accounts
Commodity margins on deposit with banks &
commodity guaranty funds on deposit
All other debit balances
Total.
CREDIT BALANCES
Money borrowed
From banks and trust companies:
U.S. agencies of foreign banks
U.S. banks:
In New York City
Elsewhere
From other lenders (not including 1members of
national securities exchanges)
Securities—
Loaned.
Bought, delivery pending (failed to receive)....
Net credit balances due to member firms of
national securities exchanges:
N.Y. Stock Exchange
Other exchanges
Credit balances of other customers exclusive of
firms' own partners:
Free credit balances
Other net credit balances
Credit balances & money borrowed which are
subordinated to general creditors under
approved agreements
Net credit balances in partners' individual investment & trading accounts
Credit balances in firm investment & trading
accounts
All other credit balances (except those included
in the next item)
Net balance in capital, profit & loss, & partners'
drawing accounts
Total.
Dec
160
June
Dec,
167
181
20
51
48
7
June
Dec.
June
Dec.
June
Dec.
456
395
393
220
313
370
34
108
32
143
23
106
28
75
60
9
68
7
43
12
38
9
1,041
49
209
1,223
1,138
809
540
552
578
496
543
761
789
9
7
9
11
5
7
11
12
7
5
6
7
86
154
190
188
253
260
333
413
399
312
333
315
13
48
11
45
11
51
10
49
12
60
15
81
25
92
29
78
32
78
47
74
904
1,029
1,317
1,340
1,562
12
48
1,751
15
63
2,081
2,224
1,885
1,532
[,519
1,563
309
378
529
558
619
726
854
795
498
218
223
240
305
253
52
373
317
56
527
472
55
555
483
72
616
539
77
722
641
81
849
749
100
789
688
101
493
424
69
215
182
33
219
189
30
237
205
32
30
47
28
35
37
61
38
77
47
111
48
153
44
113
43
65
54
74
56
4
67
6
425
95
472
96
549
121
654
112
651
120
694
120
650
162
612
176
23
4
20
16
48
7
35
10
49
9
240
56
270
54
334
66
354
65
16
15
15
14
15
18
14
29
24
30
24
4
4
7
5
11
8
13
13
17
10
9
15
16
20
23
29
27
30
34
50
46
42
33
50
189
182
212
198
216
227
264
299
314
290
271
273
904
1,029
1,317
1,340
1,562
1,751
2,081
2,224
1,885
1,532
1,519
1,563
For note see p. 150.
Dec,
25
81
196
17
40
50
7
180
June
147
21.
DETAILED DEBIT AND CREDIT BALANCES AND RELATED ITEMS OF MEMBER FIRMS OF THE
NEW YORK STOCK EXCHANGE CARRYING MARGIN ACCOUNTS, 1942-63 — Continued
[In millions of dollars]
1949
1948
1950
1952
1951
1953
Item
June
30
DEBIT BALANCES
Cash on hand and in banks
Securities—
Borrowed
Sold, delivery pending (failed to deliver)
Net debit balances due from—
Member firms of national securities exchanges:
N.Y. Stock Exchange
Other exchanges
All other customers exclusive of firms' own
partners secured by—
U.S. Govt. securities
Other collateral
Net debit balances in partners' individual investment & trading accounts
Debit balances in—
Firm investment accounts
Firm trading & underwriting accounts
Commodity margins on deposit with banks &
commodity guaranty funds on deposit
All other debit balances
Total.
CREDIT BALANCES
Money borrowed
From banks and trust companies:
U.S. agencies of foreign banks
U.S. banks
In New York City
Elsewhere
From other lenders (not including 1members of
national securities exchanges)
Securities—
Loaned
Bought, delivery pending (failed to receive)....
Net credit balances due to member firms of
national securities exchanges:
N.Y. Stock Exchange
Other exchanges
Credit balances of other customers exclusive of
firms' own partners:
Free credit balances
Other net credit balances
Credit balances & money borrowed which are
subordinated to general creditors under
approved agreements
Net credit balances in partners' individual investment & trading accounts
Credit balances in firm investment & trading
accounts
All other credit balances (except those included
in next item)
Net balance in capital, profit & loss, & partners'
drawing accounts
Total.
Dec.
31
June
30
June
30
Dec.
31
June
30
Dec.
31
June
30
Dec.
31
349
280
306
314
397
364
378
365
343
38
114
332
44
151
50
94
51
97
43
79
June
30
38
100
40
9
49
8
282
Dec.
31
297
62
99
100
11
88
10
1,362
1,684
1,694
79
14
1,292
1,327
619
550
681
881
1,256
1,356
1,275
7
10
5
5
12
9
10
12
9
427
406
347
404
7
326
312
419
400
386
399
375
392
33
65
34
69
25
66
26
82
31
81
41
106
43
93
52
96
42
110
49
105
37
93
37
105
1,525
1,435
1,611
1,876
2,324
2,591
2,390
2,458
2,493
2,506
2,665
2,804
283
257
493
523
827
745
680
695
912
920
1,216
1,170
276
247
29
253
220
33
487
440
47
517
471
46
814
744
70
738
663
75
6
670
615
55
687
622
65
902
825
77
898
807
91
1,196
1,066
130
1,155
982
173
10
22
20
15
44
79
35
54
50
48
70
113
71
142
74
94
83
98
72
85
72
98
68
67
110
97
33
7
41
6
45
8
74
7
60
10
64
10
63
10
71
9
89
6
75
576
145
586
112
528
129
633
159
673
166
890
230
834
225
816
259
708
219
724
200
653
163
709
208
20
28
20
26
25
36
26
42
23
35
23
28
11
16
9
16
31
55
59
45
54
11
5
9
15
11
12
10
13
34
41
28
41
46
78
51
67
291
278
260
271
312
317
319
314
324
315
319
313
1,876
2,324
2,591
2,390
2,458
2,493
2,506
2,665
2,804
1,525
1,435
[,611
For note see p. 150.
Dec.
31
148
21. DETAILED DEBIT AND CREDIT BALANCES AND RELATED ITEMS OF MEMBER FIRMS OF THE
NEW YORK STOCK EXCHANGE CARRYING MARGIN ACCOUNTS, 1942-63 — Continued
[In millions of dollars]
1954
1955
1956
1958
1959
Item
June 30
DEBIT BALANCES
Cash on hand and in banks
Securities—
Borrowed
Sold, delivery pending (failed to deliver)
Net debit balances due from—
Member firms of national securities exchanges:
N.Y. Stock Exchange
Other exchanges
All other customers exclusive of firms' own partners secured by—
U.S. Govt. securities
Other collateral
Net debit balances in partners' individual investment & trading
accounts
Debit balances in—
Firm investment accounts
Firm trading & underwriting accounts
Commodity margins on deposit with banks & commodity guaranty
funds on deposit
All other debit balances
Dec. 31
June 30
Dec. 31
June 30
Dec. 31
June 30
June 30
309
348
337
331
322
336
324
363
64
122
91
207
85
214
75
168
65
148
79
183
134
170
129
291
77
10
114
15
144
16
162
13
151
14
157
16
132
15
159
18
1,857
2,443
2,768
2,830
2,811
34
2,832
253
2,926
165
3,370
10
11
14
18
21
20
35
36
335
486
286
336
626
673
707
625
41
98
44
116
35
144
38
188
38
137
34
134
23
151
39
190
3,080
Total.
492
215
348
4,014
4,430
4,530
4,332
4,388
4,985
5,382
1,173
1,616
2,115
2,345
2,266
2 2,195
2,387
2,508
1,159
976
183
1,603
1,343
260
2,075
1,744
331
2,319
2,010
309
2,231
7,572
359
622
2,078 1 1,743
1,712
1,402
366
341
605
1,871
1,428
444
CREDIT7BALANCES
Money borrowed
From banks and trust companies:
U.S. agencies of foreign banks
U.S. banks
In New York City
Elsewhere
From other lenders (not including members of national securities
exchanges) 1
Securities—
Loaned
Bought, delivery pending (failed to receive)
Net credit balances due to member firms of national securities
exchanges:
N.Y. Stock Exchange
Other exchanges
Credit balances of other customers exclusive of firms' own partners:
Free credit balances
-.
Other net credit balances
Credit balances & money borrowed which are subordinated to general
creditors under approved agreements
Net credit balances in partners' individual investment & trading
accounts
Credit balances in firm investment & trading accounts
All other credit balances (except those included in next item)
Net balance in capital, profit & loss, & partners' drawing accounts
Total.
14
14
40
27
35
69
21
31
116
123
162
201
156
218
130
167
124
156
140
177
187
181
204
294
96
14
126
11
129
7
123
125
120
9
132
13
838
248
1,023
287
918
241
889
227
837
207
878
229
1,034
367
1,070
277
20
22
23
45
64
372
53
65
95
401
31
62
85
467
44
27
102
462
34
34
78
466
36
37
90
471
34
82
83
483
38
71
149
604
3,080
4,014
4,430
4,530
4,332
4,388
4,985
5,382
245
150
1,451
156
161
[,824
204
98
239
105
64
198
24
316
24
320
Money borrowed, according to collateral:
Customer collateral:
Exempt securities (under Sec. 3(a) of Securities Exchange Act
—1934):
U.S. Govt. or agency
Other securities
Nonexempt securities or mixed collateral
Firm or partners' collateral:
Exempt securities (under Sec. 3(a) of Securities Exchange Act
—1934):
U.S. Govt. or agency
Other securities
Nonexempt securities or mixed collateral
Unsecured
Value of securities sold under repurchase agreements.
Number of firms
299
For note see following page.
149
301
303
306
21. DETAILED DEBIT AND CREDIT BALANCES AND RELATED ITEMS OF MEMBER FIRMS OF THE
NEW YORK STOCK EXCHANGE CARRYING MARGIN ACCOUNTS, 1942-63—Continued
[In millions of dollars]
1960
1961
1962
1963
June 30
June 30
June 30
June 30
366
422
437
422
96
334
152
530
151
368
181
275
134
22
216
36
169
22
219
25
104
3,081
37
48
4,024
58
31
3,604
74
31
4,916
70
309
374
293
582
243
520
247
694
23
218
22
309
30
303
31
347
5,097
6,694'
5,954
7,460
2,331
2,880
2,305
4,027
806
1,473
1,157
316
817
2,016
1,515
501
525
1,739
1,007
732
815
3,155
1,852
1,303
52
47
41
56
167
352
233
568
211
363
244
289
120
11
174
23
153
17
202
12
1,006
246
1,264
335
1,330
441
1,115
369
25
37
61
129
612
31
47
100
241
797
51
43
76
771
193
90
36
116
759
200
5,097
6,694
5,954
7,460
96
123
1,722
38
108
2,289
23
93
1,833
27
188
3,181
107
99
182
41
104
300
1
24
106
227
19
119
492
24
328
27
336
42
337
44
335
Item
DEBIT: BALANCES
Cash on hand and in banks
Securities—
Borrowed
.
Sold, delivery pending (failed to deliver)
Net debit balances due from—
Member firms of national securities exchanges:
N.Y. Stock Exchange
Other exchanges
All other customers exclusive of firms' own partners secured by—
U.S. Govt. securities
Other collateral
Net debit balances in partners' individual investment & trading accounts
Debit balances in—
Firm investment accounts
Firm trading & underwriting accounts
Commodity margins on deposit with banks & commodity guaranty
funds on deposit
All other debit balances
Total
CREDIT BALANCES
Money borrowed
From banks and trust companies:
U.S. agencies of foreign banks
U.S. banks
In New York City
Elsewhere
From other lenders (not including members of national securities
exchanges) 1
Securities—
Loaned
Bought, delivery pending (failed to receive)
Net credit balances due to member firms of national securities exchanges:
N.Y. Stock Exchange
Other exchanges
Credit balances of other customers exclusive of firms' own partners:
Free credit balances
Other net credit balances
Credit balances & money borrowed which are subordinated to general
creditors,under approved agreements
Net credit balances in partners' individual investment & trading accounts
Credit balances in firm investment & trading accounts
All other credit balances (except those included in next item)
Net balance in capital, profit & loss, & partners' drawing accounts
Total
Money borrowed, according to collateral:
Customer collateral:
Exempt securities (under Sec. 3(a) of Securities Exchange Act—1934):
U.S. Govt. or agency
Other securities
Nonexempt securities or mixed collateral
Firm or partners' collateral:
Exempt securities (under Sec. 3(a) of Securities Exchange Act—1934):
U.S. Govt. or agency
Other securities
Nonexempt securities or mixed collateral
Unsecured
Value of securities sold under repurchase agreements
Number of firms
2
Includes $48 million of money borrowed secured by U.S. Govt.
securities not further classified.
1
Before 1958 probably includes some borrowing from U.S. agencies
of foreign banks.
150
22.
MONEY BORROWED BY MEMBER FIRMS OF THE NEW YORK STOCK EXCHANGE, 1941-63
[In millions of dollars]
Byfirmsnot carrying
margin accounts
Month
Total
Byfirmsnot carrying
margin accounts
B y firms carrying
margin accounts
On
On
U. S. On
U. S. On
Total Govt. other Total Govt. other
secu- secusecu- securities rities
rities rities
Month
Total
By firms carrying
margin accounts
On
On
U. S. On
U. S. On
Total Govt. other Total Govt. other
secu- secusecu- securities rities
rities rities
413
403
413
383
453
416
404
513
417
444
436
389
21
34
30
19
54
24
20
56
23
33
29
25
392
369
383
364
399
393
384
457
394
412
407
363
1947_jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec.
294
291
302
278
310
416
313
335
378
333
313
301
84
74
86
72
109
191
62
95
97
76
66
57
45
30
45
37
79
151
29
67
61
38
27
13
38
43
41
36
30
41
34
28
37
38
40
44
210
217
216
205
201
224
251
241
280
257
247
244
62
56
56
45
51
55
75
83
78
72
72
44
149
161
160
161
150
169
176
157
202
185
175
199
1942—Jan.
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
325
340
330
335
324
340
346
326
365
357
342
449
19
29
23
34
25
32
38
29
54
51
26
70
305
311
307
301
299
308
308
297
311
306
316
380
1948_Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.,
Oct..
Nov.,
Dec.
285
291
272
311
385
397
375
323
306
303
347
421
68
83
43
70
127
113
88
72
67
51
102
158
26
25
12
32
92
74
46
37
39
18
69
117
42
58
31
38
36
39
42
35
28
33
33
40
217
208
229
241
258
284
288
252
238
252
244
264
37
49
56
63
62
66
69
47
33
32
49
53
180
159
173
177
196
218
218
205
205
219
196
210
1943_j a n
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
331
356
387
621
608
619
596
942
873
718
683
37
35
36
157
75
72
86
107
174
130
114
115
23
142
58
57
49
92
154
108
94
97
13
15
17
15
37
15
20
22
20
19
294
321
351
570
546
536
532
489
768
743
604
567
52
220
139
93
78
67
286
264
176
138
299
350
407
443
454
422
482
479
428
430
1949—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug..
339
313
396
480
495
696
542
538
573
572
580
674
92
88
143
150
140
198
142
134
154
156
135
166
66
59
114
109
100
81
88
64
81
93
63
77
27
29
28
41
41
117
55
70
73
64
72
88
247
225
254
329
355
498
399
404
418
416
445
509
55
52
64
69
64
84
83
81
62
60
52
55
191
173
190
260
290
415
316
323
357
356
393
454
1944—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
731
811
747
697
655
864
787
743
780
813
878
973
167
162
117
97
110
225
124
111
141
145
234
205
140
115
83
63
68
180
89
84
107
100
192
165
28
47
35
34
42
45
35
28
34
44
42
40
563
649
630
600
545
639
663
632
638
668
644
768
143
194
178
165
120
166
188
158
151
149
167
248
420
455
452
435
426
472
475
474
488
519
478
520
1950_jan..
Feb..
Mar.,
Apr..
May.
June.
July.
Aug..
637
643
723
806
912
962
936
842
883
884
923
909
145
120
144
187
162
137
182
90
132
125
150
156
56
45
71
88
78
47
102
32
63
63
79
75
88
75
72
99
84
89
80
58
69
62
70
81
493
522
579
619
750
826
755
752
751
759
774
753
38
43
42
38
63
69
121
147
141
133
141
136
455
480
537
581
687
757
634
605
610
626
633
617
1945__Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
913
891
832
874
983
1,183
1,024
947
947
911
963
1,074
181
160
110
173
242
314
200
189
185
168
252
265
142
118
67
132
193
259
144
144
135
106
186
203
39
42
44
41
49
54
56
45
50
62
66
62
732
731
722
701
742
869
824
759
762
743
711
809
206
197
170
162
173
230
213
207
215
217
236
292
526
534
551
539
568
639
611
551
547
526
475
517
1951—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
844
762
864
749
774
747
793
706
727
737
753
850
153
119
150
88
93
81
121
82
87
84
103
155
68
54
25
16
23
21
45
23
20
17
31
59
85
66
125
72
71
60
76
59
68
67
73
95
690
642
715
661
681
666
672
624
640
653
649
695
110
79
36
32
36
35
42
39
40
45
40
36
580
563
678
629
645
631
630
585
600
608
609
659
1946—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
883
809
895
745
732
732
598
509
408
371
398
357
149
165
273
169
185
216
156
132
103
117
160
128
100
126
228
107
133
163
98
85
62
85
134
92
48
39
45
62
52
53
58
47
40
32
26
37
734
645
622
575
547
516
442
377
305
253
238
229
262
244
231
199
191
178
143
119
94
75
72
66
472
401
390
377
356
338
299
258
211
178
166
163
1952—Jan..
Feb..
Mar..
691
714
808
955
968
1,162
1,463
1,063
1,013
1,019
1,097
1,207
59
62
74
137
120
248
337
137
122
158
220
299
3
5
68
47
169
146
44
25
77
132
175
58
59
69
70
73
79
191
93
97
81
88
125
633
652
734
818
847
914
1,126
926
891
860
877
907
34
38
37
36
34
41
161
60
43
29
31
30
599
614
696
782
813
873
966
866
848
831
847
877
1941_j a n
Feb
Mar
M^iy'.'.'.'.'.'.'.'.'.
June
July
Aug
Sept
Oct
Nov....
Dec
in
Sept.,
Oct..
Nov..
Dec.
Sept..
Oct..
Nov..
Dec.
Sept..
Oct..
Nov..
Dec.
For NOTE see p. 153.
151
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.
22. MONEY BORROWED BY MEMBER FIRMS OF THE NEW YORK STOCK EXCHANGE, 1941-63 — Continued
[In millions of dollar^]
By firms not carrying
margin accounts
Month
By firms carrying margin accounts
Total
On
Total
On U. S.
Govt.
securities
other
securities
Total
908
871
966
On
1953—Jan..
Feb..
Mar.
Apr.,
May.
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.
1,086
1,216
1,302
1362
1,335
1,333
1,228
1 249
1,357
1,461
107
107
120
149
109
145
174
152
158
151
231
299
18
U
10
30
25
54
96
81
65
53
70
146
89
96
110
119
84
90
78
70
94
97
161
154
1954—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
1 263
1,207
1,228
1,237
1 400
1,460
1 399
1,503
1 606
1,631
1,698
1,919
155
145
174
143
214
287
230
310
315
267
281
321
49
28
64
21
81
143
83
142
102
87
102
102
106
117
110
122
133
144
147
168
212
180
179
219
J 108
,062
,054
,094
1955—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
1,904
1,971
2,105
2,223
2,306
2,288
2,354
2,276
2,329
2,453
2,501
2,569
208
192
166
161
187
195
274
211
205
293
241
268
48
33
10
18
28
16
85
38
28
55
31
43
1956—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
2,438
2,438
2,417
2,411
2,442
2,457
2,440
2,273
2,313
2,300
2,271
2,474
236
250
240
222
213
1957—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
1958—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
1,015
979
44
33
29
28
47
50
45
48
41
75
87
88
Total
other securities
Customer
collateral
Other
collateral
864
838
937
1,040
1 146
1,167
1,116
1,134
1,029
1,024
1,040
1,074
1,018
,194
,291
,364
,416
,598
169
90
93
83
85
103
82
70
69
66
69
63
69
160
158
156
143
159
179
189
174
178
238
210
225
,696
,779
.939
2^062
2,119
2,093
2,080
2,064
2,124
2,159
2,260
2,301
77
113
78
74
72
73
77
71
68
71
75
51
1,620
1,666
1,861
1,988
2,047
2,020
2,003
1,994
2,056
2,088
2,185
2,250
[,636
1,659
[,681
[,675
1,685
1,705
[,711
[,741
1,816
352
388
339
328
309
351
377
444
434
198
186
201
168
157
296
30
31
25
32
28
27
19
10
43
9
17
104
206
219
215
190
185
195
180
176
158
159
140
192
2,202
2,189
2,177
2,189
2,228
2,234
2,242
2,087
2,113
2,132
2,114
2,178
54
52
50
44
42
39
31
38
42
45
43
46
2,148
2,137
2,127
2,145
2,186
2,195
2,211
2,048
2,071
2,086
2,071
2,132
1,734
1,756
1,742
1,794
1,842
1,853
[,873
1,742
1,777
,788
,822
,852
414
381
385
351
344
342
338
306
294
298
249
280
2,176
2,233
2,169
2,272
2,287
2,394
2,304
2,303
2,289
1,952
1,862
2,185
170
177
164
168
172
239
166
210
181
172
164
354
42
22
13
14
24
68
35
81
33
33
35
111
128
154
151
154
148
170
131
130
147
139
129
243
2,006
2,057
2,005
2,104
2,115
2,156
2,138
2,093
2,108
1,781
1,697
1,831
42
53
47
53
52
52
59
58
63
72
56
125
1,964
2,004
1,958
2,051
2,063
2,104
2,079
2,035
2,046
1,708
1,641
[,706
,734
1,727
,729
,789
1,810
,872
1,874
,836
,800
,520
1,443
,494
230
277
229
262
253
232
205
199
246
188
198
212
1,936
2,057
2,216
2,445
2,515
3,079
2,741
2,224
2,226
2,218
2,417
2,695
196
211
226
394
462
681
532
223
151
193
284
390
83
62
70
220
298
491
383
91
44
92
173
272
114
148
157
174
164
190
149
132
107
101
111
118
1,740
1,846
1,990
2,051
2,053
2,398
2,208
2,002
2,075
2,025
2,133
2,306
188
199
206
230
244
468
306
251
210
193
210
234
1,552
[,647
1,784
1,822
1,809
1,930
,903
,751
,865
,832
1,923
2,071
,344
,392
,465
,443
,495
,591
,594
,523
1,628
1,612
1,677
1,797
208
255
319
379
314
339
309
228
237
220
246
274
222
For NOTE see opposite page.
1,068
1,193
1,218
1,161
1,182
1,070
1 098
1,126
1,162
On U. S.
Govt.
securities
152
186
,174
969
971
1,009
1,082
1,092
1,099
1,125
1,225
1,295
U53
1.529
22. MONEY BORROWED BY MEMBER FIRMS OF THE NEW YORK STOCK EXCHANGE, 1941-63 — Continued
[In millions of dollars]
By firms not carrying
margin accounts
Month
By firms carrying margin accounts
Total
On other securities
Total
On U. S.
Govt.
securities
On
other
securities
Total
On U. S.
Govt.
securities
Total
1959—Jan
Feb
Mar
Customer
collateral
Other
collateral
2,570
2,478
2,511
2,888
2,872
2,822
2,842
2,802
2,682
2,812
2,925
2,982
350
292
316
480
461
339
409
386
302
407
432
399
235
189
198
304
291
236
298
271
196
297
292
232
114
102
118
176
170
104
111
115
106
110
140
167
2,221
2,186
2,195
2,408
2,411
2,483
2,433
2,416
2,380
2,405
2,493
2,583
230
223
218
252
252
237
228
217
231
227
236
221
1,990
1,963
1,977
2,156
2,159
2,246
2,205
2,199
2,149
2,178
2,256
2,362
1.741
1,722
1,723
1,852
1,857
1,970
1,949
1,945
1,906
1,923
1,999
2,044
249
241
254
304
302
276
256
254
243
255
257
318
I960—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
2,720
2,917
2,758
2,923
2,896
2,880
2,880
2,951
3,009
3,006
2,990
3,159
297
521
538
583
573
608
651
715
689
706
722
884
174
377
378
414
414
433
490
547
507
533
530
683
123
144
160
169
159
175
161
168
182
173
192
202
2,423
2,396
2,220
2,340
2,322
2,272
2,229
2,236
2,320
2,300
2,268
2,275
190
202
161
185
208
162
187
173
177
161
139
142
2,233
2,194
2,059
2,155
2,115
2,110
2,042
2,063
2,143
2,139
2,129
2,133
1,995
1,945
1,821
,883
,820
,832
1,801
1,820
,871
,849
1,815
1,806
238
249
238
272
295
278
241
243
272
290
314
327
1961—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
2,739
2,853
2,617
2,945
3,104
3,356
3,510
3,238
3,361
3,424
3,566
3,739
702
854
620
593
517
541
712
503
632
713
763
736
569
712
491
466
367
374
572
385
485
586
621
570
132
142
129
127
151
167
140
119
147
127
142
167
2,038
1,999
1,997
2,351
2,587
2,815
2,798
2,734
2,730
2,710
2,803
3,003
101
94
70
67
58
67
69
56
64
56
51
48
1,937
1,905
1,927
2,284
2,529
2,748
2,728
2,679
2,666
2,654
2,752
2,954
1,677
1,615
1,624
,947
2,180
2,363
2,393
2,363
2,388
2,360
2,434
2,572
260
290
303
337
349
385
335
316
278
294
318
382
1962—Jan
Feb
Mar
May
June
July
Aug
Sept
Oct
Nov
Dec
3,331
3,378
3,740
3,682
3,347
2,807
2,431
3,143
3,688
3,505
3,488
3,847
421
496
776
610
458
567
307
637
950
880
902
1,027
296
368
632
453
340
436
225
557
858
737
782
808
125
128
144
157
118
131
82
80
92
143
120
219
2,911
2,882
2,963
3,072
2,889
2,239
2,124
2,506
2,738
2,625
2,586
2,820
51
71
52
.57
44
46
32
35
49
29
28
35
2,860
2,812
2,912
3,015
2,845
2,194
2,091
2,472
2,689
2,596
2,558
2,785
2,517
2,480
2,566
2,666
2,499
1,897
1,856
2,190
2,381
2,271
2,269
2,434
343
332
346
349
346
297
235
282
308
325
289
351
1963—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
3,616
4,034
4,118
4,221
4,456
4,905
4,613
4,721
4,993
4,860
5,071
5,095
689
941
927
949
768
952
746
765
824
609
586
614
559
808
733
826
514
643
586
631
680
469
418
347
131
133
194
123
254
309
159
134
144
141
168
267
2,927
3,094
3,192
3,272
3,688
3,953
3,867
3,956
4,169
4,251
4,485
4,481
32
35
63
33
33
44
29
23
69
33
28
32
2,895
3,059
3,129
3,239
3,655
3,909
3,836
3,933
4,100
4,218
4,457
4,449
2,556
2,695
2,754
2,889
3,150
3,333
3,359
3,467
3,592
3,713
3.892
,852
339
364
375
350
505
576
477
466
508
505
565
597
MPay!!!!!
June
July
Aug
Sept
Oct
Nov
Dec
NOTE.—End-of-month data through May 1955; last Wednesday of month thereafter.
153
23. NEW SECURITY ISSUES
A. BY ALL ISSUERS, 1934-63
[In millions of dollars]
Proposed use of net proceeds
all corporate issues
Gross proceeds, all issues
Noncorporate
Corporate
Period
Total
U. S.
Govt.
U. S.
Govt.
agency
U. S.
State
and
local
Bonds
Other
Total
Total
New capital
Stocks
PriPublicly vately Preoffered placed ferred
Total
Total
Common
New Other
money purposes
1934
4,910
3,535
32
939
1935
1936
1937
1938
1939
6,683
9,982
5,328
5,926
5,687
2,938
4,088
1,9(T
2,480
2,33f
116
55
36
115
13
1,232
1,121
908
1,108
1,128
66
14'
17:
69
50
2,332
4,57'
2,310
2,155
2,164
2,225
4,02^
1,618
2,044
1,980
1,840
3,660
1,291
1,353
1,276
385
36!
32'
691
703
86
271
406
86
98
22
272
285
25
87
2,266
4,431
2,239
2,110
2,115
401
1,062
1,138
904
420
208
858
991
681
32
1940
1941
1942
1943
1944
6,564
15,157
35,438
44,518
56,310
2,517
11,466
33,846
42,815
52,424
109
38
1,238
956
524
435
661
24
30
2,677
2,66^
1,062
1,170
3,202
2,386
2,390
91"
990
2,669
1,628
1,578
506
621
1,89:
758
811
411
369
778
183
16'
108
110
34
56
163
2,615
2,623
1,043
1,147
3,14f
761
1,041
646
408
753
1945
1946
1947
1948
1949
54,712
18,685
19,941
20,250
21,110
47,353
506
357
6,011
6,900
6,57^
7,078
6,05f
4,855
4,882
5,036
5,973
4,89
3,851
3,01"
2,889
2,965
2,437
1,004
1,863
2,147
3,008
2,453
397
9'
X
47
56
451
156
13:
37
280
19
n:
38-
Retirement
of
securities
231
152
1,865
3,368
1,100
1,206
1,695
569
868
474
308
657
193
204
148
22:
95
192
17:
173
100
96
1,854
1,583
396
739
2,389
216
1950
1951
1952
1953
1954
19,893
21,265
27,209
28,824
29,765
10,58!
10,32'
11,804
9,68
9,778
12,577
13,957
12,532
795
1,15'
2,324
2,690
2,907
30
110
459
106
458
3,53:
3,189
4,401
5,558
6,969
282
446
237
306
289
6,361
7,741
9,534
8,898
9,516
4,920
5,691
7,60
7,083
7,488
2,360
2,364
3,645
3,856
4,003
2,560
3,326
3,957
3,228
3,484
124
369
758
1,12'
76:
49:
425
631
838
564
489
816
1955
1956
1957
1958
1959
26,772 9,628
22,405 5,517
30,571 9,601
34,443 12,063
31,074 12,322
746
169
572
2,321
707
5,977
5,446
6,958
7,449
7,681
182
334
557
[,052
616
10,240
10,939
12,884
11,558
9,748
7,420
8,002
9,957
9,653
7,190
4,119
4,225
6,118
6,332
3,557
3,301
3,777
3,839
3,320
3,632
635
636
411
571
531
2,185
2,301
2,516
1,334
2,027
10,049 8,821 7,957
10,749 10,384 9,663
12,661 12,447 11,784
11,372 10,823 9,907
9,527 9,39f 8,578
864
721
663
915
814
1,227
364
214
549
135
1960
1961
1962
1963
27,541 7,906
35,527 12,253
29,956 8,590
31,616 7,213
1,67: 7,230
1,448 8,360
1,188 8,558
1,168 10,107
579
303
915
891
10,154 8,081
13,165 9,420
10,705 8,969
12,237 10,872
4,806
4,700
4,440
4,714
3,275
4,720
4,529
6,158
409
450
422
342
1,664 9,924 9,653 8,758
3,294 12,885 12,01 10,715
1,314 10,501 9,747 8,240
1,022 12,081 10,553 8,993
895
1,302
1,507
1,561
271
868
754
1,528
io,2r
1934_Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
600
913
105
115
152
1,062
182
267
54
74
228
1,157
1935_Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
151
102
266
319
277
476
1,407
521
1,015
378
395
1,377
43
213
785
223
617
27
14
991
1936—Jan..
Feb.,
Mar.
Apr..
May.
June.
Tuly.
Aug.,
Sept.
Oct..
Nov.
Dec..
466
314
2,067
858
406
1,857
387
344
912
496
350
1,523
31
63
1,401
30
37
1,134
25
28
506
26
25
781
528
847
3
'864
32
228
7
72
986
5
18
56
17
55
65
98
106
80
115
95
28
41
43
92
122
7
5
72
51
87
12
13
24
59
49
98
53
150
156
78
65
92
66
149
77
114
134
90
98
129
85
105
111
42
57
159
83
65
97
64
1
397
891
779
614
736
5,902
6,75^
6,466
6,959
5,959
1,347
3,889
5,114
6,652
5,558
1,080
3,279
4,591
5,929
4,606
267
610
524
722
952
4,555
2,868
1,352
307
401
811
1,212
1,369
1,326
1,213
6,261
7,607
9,380
8,755
9,365
4,990
7,120
8,716
8,495
7,490
4,006
6,531
8,180
7,960
6,780
984
589
537
535
709
1,271
486
664
260
1,875
3
1
1
16
1
6
4
71
49
85
1
13
24
58
46
48
31
115
130
156
171
530
168
248
273
266
196
69
50
8
11
11
24
59
46
4'
30
115
121
154
171
501
161
243
256
262
163
14
47
31
112
126
151
167
515
161
242
266
258
190
309
147
516
700
259
597
316
258
241
380
237
612
304
122
488
644
223
545
267
222
211
308
217
477
2
6
13
22
21
22
6
14
20
25
7
115
295
142
502
679
252
581
307
252
234
365
229
594
154
12
4
1
6
2
10
2
34
8
6
2:
21
38
34
2
1
26
36
15
34
43
35
67
35
72
6
2
2
1
3
2
3
2
15
19
3
61
47
52
4
6
2
36
16
2
1
19
18
14
30
18
26
11
23
30
13
28
111
100
115
153
481
118
207
198
223
118
63
17
58
98
21
153
49
150
72
100
98
184
49
9
33
72
20
97
36
126
69
86
88
173
232
125
444
580
231
428
258
102
162
266
131
410
23.
NEW SECURITY ISSUES — Continued
A.
BY ALL ISSUERS, 1934-63 — Continued
[In millions of dollars]
Proposed use of net proceeds,
all corporate issues
Gross proceeds, all issues
Noncorporate
Corporate
Month
Total
1937—Jan...
Feb..
Mar..
U. S.
Govt.
U. S.
Govt.
agency
U.S.
State
and
local
New capital
Stocks
Other
Total
Bonds
Preferred
40
153
11
73
48
273
181
290
199
375
82
318
46
151
14
73
63
279
177
287
204
371
106
337
44
46
13
11
38
191
137
99
123
88
36
78
44
37
11
8
27
151
123
61
117
24
24
55
21
163
109
227
46
364
198
383
107
199
84
263
19
118
94
193
39
355
176
371
104
190
71
249
20
159
104
222
45
358
193
375
106
196
81
256
6
27
59
80
19
25
49
36
11
47
26
36
4
16
51
75 j
18
19'
29
29
6
29
17
32
14
132
46
141
26
333
143
339
96
150
55
220
86
172
84
76
50
84
81
76
73
177
78
203
154
265
101
312
113
144
263
173
108
373
95
575
131
252
66
252
93
136
256i
149
102
345
71
534
149
•259
97
305
109
141
257
169
106
366
92
565
38
55
30
117
30
27
60
66
49
49
39
200
18
20
24!
47!
23;
20
551
48
43
45
33
193
18
5
4
7
7
111
204
67
188
79
114
197
103
57
316
53
364
64
65
180
102
113
85
54
268
209
262
184
269
250
122
417
182
204
155
144
260
201
225
169
247
234
86
411
164
146
135
110
263
206
258
181
262
246
119
413
180
201
152
142
55
71
86
50
74
104
63
204
31
110
114
80
48
53
68
42
67
87
51
185
27
91
92
57
8
18
17
7
6
17
12
19
3
19
22
23
207
135
172
132
189
142
56
210
150
92
37
62
171
56
125
135
124
152
61
43
82
46
35
34
114
37
109
128
112
136
61
167
54
123
132
123
149
60
42
80
45
34
33
83
30
78
111
109
88
29
38
54
4
6
16
74
17
62
75
57
75
20
38
31
4
5
16
10
13
16
36
52
13
8
84
24
45
21
14
61
31
4
25
41
28
17
99
47
47
38
239
33
252
36
837
38
35
778
48
65
110
50
93
147
47
66
74
105
158
144
48
154
15
74
65
284
181
293
209
381
108
343
38:
595
29
361
208
763
601
55:
179
578
22
950
256
377
64
56
60
114
318
71
44
323
54
594
104
54
119
76
102
273
83
70
24
54
80
90
1940—Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
508
580
291
522
255
275
1,347
298
225
600
275
1,389
267
141
102
118
61
45
986
49
43
49
46
607
1941_Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
1,149
403
1,101
990
1,415
651
1,091
1,763
773
2,359
784
2,678
814
116
653
702
1,032
315
916
1,303
538
2,053
553
2,473
1942—Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec..
1,591
2,404
967
979
3,305
1,225
3,496
2,426
3,528
5,945
1,568
8,004
1,298
2,307
793
785
3,149
1,041
3,387
2,336
3,422
5,861
1,516
7,950
M*ay!
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
195
268
196
164
427
465
483
396
1,121
534
35
1,321
1939—Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
1938—Jan...
Feb...
Mar..
27
13
11
9
1
17
41
2
6
18
60
107
85
115
62
189
112
39
104
53
26
38
14
109
23
41
23
23
15
15
11
1
3
7
175
212
244
117
139
289
123
62
91
112
24
35
ay!
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
Other
New
purmoney poses
87
120
96
124
63
206
152
41
110
71
26
41
262
352
298
174
186
389
201
81
155
132
28
52
36
59
162
33
26
881
38
31
27
28
28
553
Total
255
343
288
165
180
378
196
78
150
128
27
50
207
43
59
84
51
112
84
53
48
33
47
86
578
523
525
311
268
1,383
323
168
231
198
128
691
Total
Common
Retirement
of
securities
25
35
11
64
74
60
120
41
49
60
31
32
47
47
23
38
17
18
155
431
681
43
35
34
4
4
4
I
12
20
2
5
54
8
13
40
19
16
4
10
9
17
11
3
3
2
3
7
168
222
192
42
116
172
43
37
40
57
2
106
62
25
88
41
189
81
283
70
259
24
1
23. NEW SECURITY ISSUES — Continued
A. BY ALL ISSUERS, 1934-63 — Continued
[In millions of dollars]
Proposed use of net proceeds,
a l corporate issues
l
Gross proceeds,all issues
Corporate
Noncorporate
N e w capital
ReMonth
Stocks
U. S.
U.S.
Govt.
I943_jan
Feb
Mar..
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1,844 1,693
1,451
1,344
1,538 1,391
11,562 11,425
1,949
1,817
4,178 4 051
1,443
1,304
1,153
1 015
12,652 12,562
3,958 3,795
1,364 1,128
1,424 1,290
1944—jan
3,143 2 915
9,540 9,399
1,192
947
1,231
1,038
1,234
896
14,065 13 854
3,036 2,791
1,088
804
1,455
974
1 726
876
2,556 2,105
16,044 15,828
Feb
Mar
Oct
Nov
Dec
1945 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept.
Oct
Nov..
Dec
1947—Jan
Feb..
Mar
Apr
May.
June
July.
Aug
Sept .
Oct
Nov.,
Dec
1948 Jan
Feb..
....
...
1,465
1 573
7 074
Apr .
May
June.
July
Aug....
Sept
Oct
I 397
1,218
I 721
>,541
I 216
1,736
1,879
426
2,004
Nov
Total
Bonds
Preferred
Common
11
50
81
111
80
65
75
90
21
17
37
4
70
142
199
65
108
149
17
1
116
105
5
170
95
70
91
1
59
8
4
1
8
12
12
27
43
14
2
8
7
7
6
«
4
6
19
10
10
21
8
10
11
14
46
105
37
5
6
10
1
15
1
1
4
25
c
New
money
11
49
11
50
121
15
174
49
37
50
66
45
47
67
1,732
1,429
1,686
.641
1,280
2,091
1 785
1,134
1,373
2,428
1 234
2,128
Total
96
115
95
76
90
110
25
17
160
31
36
65
18
108
71
34
1.565
1,279
1,317
2,003
1,812
1,571
1,942
1,415
1,120
1,307
1,312
2,044
Total
Other
50
23
36
51
49
28
49
57
1
1
Mar
Dec
State
and
local
1,824 1,332
114
1,346 1,060
1 521 1 122
1,945
1,245
3,210 2,637
18,253 18,083
2,806 1,602 ""Hi
845
1,355
1,465
606
2,136
961
4 403 4 210
14,447 13,650
215
Apr
May.
June
July.
Aug
Sept
1946—Jan
Feb
Mar.
Apr
May.
June
July.
Aug.. .
Sept.
Oct
Nov..
Dec
U. S.
Govt.
agency
Total
96
5
214
170
169
180
210
219
463
742
380
182
176
55
144
167
169
199
399
692
346
133
32
96
15
3
20
12
54
39
20
3
256
255
224
651
537
119
961
465
808
1,082
204
241
172
567
420
112
651
395
695
909
36
3
41
43
99
1
221
61
78
109
17
11
12
41
18
6
90
9
34
64
15
94
112
93
74
88
108
49
16
44
19
25
25
4
12
69
139
197
18
34
125
113
32
20
166
52
48
Other
purposes
1
42
14
41
16
16
10
119
22
9
tirement
of
securities
6
34
45
97
49
55
63
83
6
24
51
105
71
114
81
103
65
53
4
12
210
165
166
177
206
215
453
729
373
178
60
65
44
50
74
64
38
135
35
69
53
61
37
27
63
61
29
125
33
66
7
A
7
23
11
3
9
10
1
2
150
100
122
127
131
151
415
594
338
109
251
252
220
639
525
118
943
459
793
1 062
37
41
59
114
170
22
214
157
111
209
36
33
49
95
151
17
197
100
99
156
1
8
10
19
19
5
17
57
12
53
214
211
161
525
355
96
730
37
302
682
853
41
152
104
24
24
148
60
25
35
88
82
500
387
43
71
491
153
121
32
338
• 102
1,261
803
71
80
233
396
54
337
111
26
225
390
123
79
108
60
15
19
805
967
793
755
83
71
150
124
429
748
869
692
291
489
664
405
76
155
144
134
62
104
61
153
417
731
850
672
126
335
205
340
107
228
159
258
19
107
46
82
310
291
396
645
332
529
368
213
342
449
742
97
34
54
27
125
142
129
148
21
44
47
20
738
542
282
407
610
894
427
425
185
355
531
758
345
357
151
285
510
711
82
69
33
70
21
47
310
116
97
52
79
136
122
31
217
132
66
88
50
71
170
68
33
33
756
550
288
413
621
905
921
226
99
122
336
287
264
171
15
49
57
66
331
282
209
250
192
219
17
32
891
746
344
404
1
16
450
474
385
314
38
78
27
82
442
466
320
376
296
268
24
108
122
89
653
110
20
497
357
112
28
488
250
207
42
238
1,051
790
614
637
1,673
38
250
785
609
332
458
636
542
1,170
644
422
305
365
426
392
991
113
111
17
66
61
31
72
28
77
10
27
150
119
107
773
596
328
450
627
528
1,155
567
484
218
295
591
452
1,102
524
443
183
258
549
425
1,026
43
41
35
37
42
26
76
207
112
110
155
854
217
136
188
278
118
103
101
913
718
708
597
574
680
1,813
526
1,128
825
763
1,080
116
220
633
157
190
286
120
287
122
279
152
129
435
635
733
643
453
755
608
252
486
775
507
795
381
414
685
532
360
595
559
178
413
688
455
712
26
50
27
52
67
116
14
40
12
52
21
14
28
171
21
59
26
45
35
34
61
35
31
68
429
616
724
632
443
742
598
246
477
767
501
783
416
593
634
566
441
698
588
244
461
743
493
773
367
549
595
493
378
622
424
232
400
718
463
689
49
45
40
74
63
76
164
12
61
25
30
84
13
23
90
66
1,053
778
742
703
619
936
1 170
589
140
20
1
1
1
1
150
4
I
156
36
76
53
2
44
10
2
16
24
8
10
23. NEW SECURITY ISSUES — Continued
A. BY ALL ISSUERS, 1934-63 — Continued
[In millions of dollars]
Proposed use of net proceeds
all corporate issues
Gross proceeds, all issues
N e w capital
Corporate
Noncorporate
Month
Stocks
Bonds
U. S. U. S.
Total
U. S. Govt.
Govt.
1949
Jan
Feb
Mar
Apr
May
June
July
AUK
Sept
Oct
Nov
Dec
1950 j a n
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1951
Jan
Feb
Mar
Apr
May
June
July
Aug. .
Sept
Oct
Nov
Dec
1952 Jan
Feb
Mar
Apr
May
June
July
1,428
1,352
1,469
1,645
1,558
2,701
2,385
2 105
1,700
1,633
1,293
1,842
870
763
792
717
759
1 099
1,606
1 608
894
978
707
1 011
2,099
1,606
1,821
1,357
1,657
2,305
1,236
1 569
1,239
1,947
1,454
1 602
1,118
810
886
633
689
882
706
773
531
1,228
655
111
1,281
1,131
1 759
1,490
1 747
1.985
,694
. . ,351
,619
,789
730
502
520
451
581
2 830
834
656
765
651
638
,780
?33
,748
670
2,334
2,537
2 450
6,455
1 179
Sept
U77
Oct
Nov
Dec
2,014
1 119
2,093
1953 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1954 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1,774
1,547
1 635
1,676
4,613
3,066
1 928
1,453
2 599
2,291
3,506
2,736
1,657
1,375
1,948
1,958
4,388
2,422
2,167
1,279
2,125
6,544
1 350
2,552
agency
State
and
local
Total
Other
Total
Total
PriPublicly vately
offered placed
Total
Preferred
134
60
74
46
46
35
61
44
122
348
377
438
719
422
1 213
507
197
229
347
310
452
321
275
374
552
347
1 087
461
164
163
260
270
331
28
102
64
166
74
126
45
33
65
86
40
121
7
2
37
7
22
58
19
18
39
61
17
113
70
12
29
62
71
93
30
36
30
106
48
43
44
47
66
136
75
160
47
18
48
88
23
59
606
221
498
537
636
1,049
318
427
399
514
406
649
556
185
368
438
417
738
297
285
368
429
343
565
454
153
334
363
269
618
214
257
300
306
306
433
103
33
33
74
148
120
83
29
68
123
37
133
49
35
130
99
220
311
21
142
31
85
64
84
306
344
824
507
553
34
9
54
95
26
34
36
143
197
90
369
384
1 006
783
661
341
348
926
710
624
637
72
152
847
784
35
28
78
91
37
28
35
79
74
37
861
306
320
848
619
587
70
63
531
508
390
655
360
376
324
422
39
77
35
127
132
55
31
106
521
500
381
639
491
476
363
627
469
436
343
548
22
40
20
79
8
12
30
24
18
12
673
871
403
636
166
104
105
132
660
856
618
811
570
771
47
40
43
45
634
505
278
227
82
47
624
615
602
304
151
456
406
637
245
212
474
309
31
19
21
54
3
8
2
4
66
447
985
907
1,149
831
1,304
421
455
1,109
282
764
712
898
635
1,113
342
372
932
59
419
398
544
211
786
125
159
400
223
344
314
354
425
327
217
213
533
10
60
59
85
84
33
29
37
6
154
161
137
166
112
158
49
46
170
438
967
891
1,129
818
1,285
413
447
1,092
413
951
870
990
769
1,237
291
390
999
402
922
786
947
735
1,218
276
367
850
11
28
83
43
34
19
14
23
150
24
17
21
139
49
48
123
57
93
230
403
25
4
384
908
314
731
126
140
188
591
20
58
49
119
378
897
340
851
293
780
47
70
38
46
392
363
433
349
86
3
3
21
655
688
696
815
489
517
517
656
186
307
155
375
303
210
362
280
49
48
62
35
117
123
116
125
646
676
684
802
623
623
666
779
584
586
628
748
39
36
38
32
22
54
17
23
650
443
522
5
3
2
714
1,166
520
468
977
407
287
575
106
181
402
301
82
33
31
164
156
82
697
1,147
510
675
1,123
483
591
1,034
459
85
89
24
22
24
27
76
260
476
483
411
111
4
36
60
27
57
336
768
603
459
263
676
375
353
110
449
153
95
270
691
550
406
1,057
65
48
210
69
51
325
753
577
429
1,385
7
44
18
37
43
330
757
590
451
1,478
153
226
222
258
327
1,464
1,438
1 413
55
62
28
23
25
5
4
12
22
26
123
1
64
71
80
399
414
570
735
783
855
280
300
5
4
3
8
573
444
712
639
851
1,085
424
352
285
178
226
216
422
343
714
166
178
178
273
203
227
449
371
186
20
27
68
109
129
131
76
45
90
62
145
111
73
118
92
27
564
437
698
627
837
1,041
1,253
463
355
499
419
649
792
417
547
426
635
497
656
842
909
335
516
392
553
483
596
789
828
304
31
34
82
14
60
53
81
31
17
11
63
130
181
183
329
82
652
615
2
3
1,008
1,130
886
813
581
470
305
343
62
265
994
1,112
747
1,003
705
856
42
146
247
109
459
906
4
71
422
321
854
116
288
205
566
60
52
64
103
413
290
604
244
515
46
89
123
400
1
102
1
4
2
2
289
369
402
553
311
1 154
474
152
210
308
251
416
11
5
41
50
82
57
13
22
27
44
36
36
235
556
366
176
319
359
205
299
279
189
384
166
101
15
62
1
2
1
2
65
22
4
4
2
615
225
507
547
647
1,063
322
432
408
526
412
656
501
166
413
350
502
809
245
378
329
332
341
554
173
185
168
234
412
3
55
49
8
84
374
389
1 021
798
670
283
12
321
152
269
397
8
35
156
16
655
601
302
296
1,024
967
515
722
928
978
4,898
544
444
531
575
611
494
503
491
216
30
40
70
228
231
30
3,244
1,454
884
853
1 320
1,070
2,610
423
561
515
602
511
12,669
523
508
546
123
464
4,611
i84
466
557
65
8
42
Other
purposes
355
379
476
726
444
1,271
526
215
268
407
327
565
365
383
484
736
453
1,286
533
220
272
413
332
574
480
547
New
money
Common
Retirement
of
securities
193
204
175
190
346
316
245
175
318
238
251
255
2
17
2
1,019
157
37
62
1,025
1,237
1,004
714
n
9
23. NEW SECURITY ISSUES — Continued
A. BY ALL ISSUERS, 1934-63 — Continued
[In millions of dollars]
Proposed use of net proceed
all corporate issues
Gross proceeds, all issues
Noncorporate
Total
U. S.
Govt.
1955—Jan.. .
Feb..
Mar..
Apr..
May.
June.
July. .
Aug..
Sept..
Oct..
Nov..
Dec.
2,710
1,390
2,560
1,643
4,382
1,91"
2,504
1,638
1,627
2,646
1,840
1,913
742
602
614
535
3,020
496
1,265
509
481
461
438
466
1956—Jan.. .
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct.. .
Nov..
Dec.
1,70:
2,001
1,81"
1,877
2,123
2,164
l,97f
1,493
1,581
l,89f
1,829
1,955
645
544
518
453
451
437
484
436
355
414
389
390
1957—Jan.. .
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct.. .
Nov..
Dec.
2,426
2,116
3,223
2,371
1,777
2,349
1,982
1,944
3,975
2,705
3,022
2,681
496
386
1,327
390
394
362
400
392
2,262
894
1,374
925
1958—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.
3,484
2,490
3,951
6,961
2,155
3,048
2,426
1,341
2,160
3,076
1,452
1,899
511
407
1,802
4,269
368
1,411
418
369
352
1,461
324
370
1959—Jan..
Feb..
Mar..
Apr..
May.
June.
July. .
Aug..
Sept..
Oct..
Nov..
Dec.
5,753
2,123
1,928
4,504
1,782
2,290
1,452
1,710
1,748
4,121
1,722
1,942
3,971
420
443
2,583
338
323
350
309
300
2,574
332
380
I960—Jan.. .
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct.. .
Nov..
Dec.
1,952
2,123
2,073
4,573
1,939
2,502
1,637
3,187
1,808
1,814
1,986
1,947
420
435
391
2,860
368
350
353
1,371
338
3451
326
348!
Bonds
u. s. i u. s.
Govt. | State
agen- | and
cy
local
716
30
60
109
72
125
"60
215
'ioo
[,163
251
523
"i64|
'220!
199
#
i75
98
150
86
182
150
150
148
354
199!
160
149
181
Other
Total
Total
Stocks
PubPrilicly vately Preoffered placed ferred
Total
Total
Common
New Other
money purposes
676
460
1,395
664
981
768
753
870
736
1,250
708
980
541
328
540
429
350
651
470
259
407
926
661
415
407
709
401
391
491
736
379
213
336
646
311
427
New capital
Corporate
Month
38
58
1
98
3
40
"58
5
23
486
327
848
463
675
504
589
655
560
1,046
431
835
252
124
517
297
465
186
136
491
301
858
155
336
234
202
331
166
210
319
453
163
259
188
275
499
53
23
35
54
96
58
53
15
82
43
85
39
136
110
512
147
210
206
111
200
94
161
193
107
663
451
1,371
648
960
751
739
853
722
1,234
694
964
535
407
1,223
478
886
687
597
644
670
1,162
632
900
468
345
1,175
429
774
611
526
614
559
1,074
590
793
67
62
48
50
112
76
70
30
111
88
42
108
613
748
889
916
1,180
893
1,106
693
890
773
,123
,114
522
480
704
673
977
661
901
551
681
485
451
915
141
149
393
340
686
270
588
250
514
315
179
401
381
331
311
333
291
391
313
302
167
170
272
514
19
128
43
31
65
50
16
50
33
139
45
16
71
140
141
212
139
182
189
92
176
150
627
183
601
734
874
898
1,160
876
1,089
679
873
756
1,110
1,098
573
712
817
818
1,146
841
1,063
654
838
745
1,089
1,088
486
672
789
702
1,105
782
1,003
550
816
660
1,048
1,049
87
40
28
116
41
59
60
104
23
84
41
39
142
332
279
264
85
416
231
76
97
101
150
343
1,068
1,085
1,340
947
780
1,467
1,011
932
1,007
1,099
828
1,097
1,060
1,065
1,320
931
765
1,453
1,003
924
973
1,090
789
1,076
1,023
913
1,244
871
703
1,373
941
916
952
1,060
764
1,023
36
153
76
59
62
79
61
8
21
30
25
53
44
187
58
90
85
41
219
71
55
170
110
204)
816
858
1,599
1,211
692
946
1,176
564
1,121
873
533
983
728
857
1,553
1,140
597
887
1,107
540
1,114
862
518
920
714
844
1,508
1,036
527
718
1,029
489
1,017
744
460
820
15
13
45
104
69
169
77
50
97
118
58
100
685
569
503
763
539
388
516
595
437
683
639
640
84
53
32
127
49
44
38
10
37
15
65
,088
,108
,361
966
796
1,495
1,028
947
1,023
1,113
844
1,114
912
750
1,044
655
685
1,013
775
840
907
944
671
761
641
514
644
385
438
633
459
540
587
608
485
185
271
237
400
270
247
380
316
299
320
336
186
576
782
899
524
798
877
554
631
389
647
439
459
448
201
56
10
142
203
123
14
9
23
65
127
80
827
877
1,615
1,230
707
961
1,199
575
1,137
890
542
1,000
754
604
1,488
1,099
586
843
910
492
1,059
651
420
746
505
398
1,164
921
391
370
735
209
851
287
236
266
249
206
324
178
195
473
175
283
208
365
184
480
34
26
39
47
25
66
21
31
19
68
24|
H
!
28
85
69
41
36
77
70
12
23
69
12
51
639
881
637
940
569
995
457
523
520
587
458
476
86
62
10
60
56
47
93
5
43
39
41
75
858
760
664
921
819
925
552
774
735
922
891
926
695
465
461
613
614
627
433
642
590
644
657
747
404
187
195
310
380
270
173
414
220
331
396
277
291
278
266
303
235
357
260
228
370
313
261
470J
36
58
48
92
38
43
26
13
24
47
61
45
126j
237
155
217
167
255
93
119
121
230
173
134
841
744
648
901
799
903
538
758
720
898
871
907
821
738
646
894
785
887
535
740
703
879
864
900
757
591
551
833
756
825
463
699
6561
801
8031
844!
64
147
95
61
29
63
73
41
48
78
61
56
13
181
75
43
53!
49 1,124
32;
777
996
747
41!
38
928
1,009
34
895
515
547
668
580
406
859
651
821
619
778
875
764
324
253
357
348
186
540
415
592
329
621
518
323
190
294
311
232
220
319
236
229
289|
157
357
441
26
31
44
32
44
34
21
34
37
45
16
45
100
158
177
194
1581
231
106
141
91
105
118
86
626
719
869
783
590
1,092
760
976
731
910
988
879
570
715
860
761
577
1,044
736
966
726
890
956
852
548
661
762
675
514
992
657
895
671
830
805
749
22
53
98
86
63
52
79
71
55
60
152
103
696
622
568
717
556
978
475
607
682
343
496
490
158
Retirement
of
securities
23. NEW SECURITY ISSUES — Continued
A.
BY ALL ISSUERS, 1934-63 — Continued
[In millions of dollars]
Proposed use of net proceeds
all corporate issues
Gross proceeds, all issues
Corporate
Noncorporate
New capital
Month
Bonds
Total
U.S.
Govt.
1961—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1,770
5,447
2,134
3,417
4,430
3,488
1,918
2,073
1,893
4,423
2,421
2,115
455
4,069
434
348
2,244
369
342
392
338
2,564
357
341
1962—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
3,462
2,535
1,914
4,115
2,161
2,448
1,651
4,080
1,550
2,133
1,808
2,101
1,589
361
372
1,506
352
363
358
2,408
300
359
327
295
1963—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec.
2,708
2,166
2,830
2,927
2,783
5,054
2,089
1,980
1,673
2,977
2,117
2,312
774
- 425
396
716
409
2,252
413
398
347
394
333
357
U.S.
Govt.
agency
252
100
149
278
250
193
*225
246
156
461
150
175
148
186
459
174
200
U.S.
State
and
local
Stocks
Total
Other
Total
Total
Publicly
offered
Privately
placed
Total
Preferred
New
money
Common
Other
purposes
Retirement
of
securities
706
660
756
710
625
1,035
463
603
699
643
789
669
9
31
23
4
72
33
19
3
6
49
45
8
600
687
669
2,256
1,339
1,773
1,093
824
658
1,166
1,004
1,096
474
521
513
1,083
1,021
1,477
829
648
434
855
777
787
178
273
211
713
663
924
424
221
123
336
415
217
296
247
302
371
357
553
405
428
311
519
362
570
30
37
28
59
92
40
20
45
17
12
42
27
96
129
128
1,114
226
256
244
130
1
206
299
185
282
589
673
651
2,226
1,311
1,737
1,067
803
638
1,139
977
1,073
579
660
528
2,142
1,256
1,316
1,050
776
631
1,101
964
1,012
537
601
454
2,072
1,037
1,137
864
655
589
960
898
911
42
59
74
70
219
179
186
122
42
141
66
101
9
13
123
84
55
420
17
27
7
38
13
61
866
1,123
621
877
897
760
641
559
426
646
595
547
159
10
62
14
99
78
34
17
45
169
115
114
603
884
859
1,257
812
1,247
618
945
603
959
771
1,145
468
727
643
919
676
1,079
555
864
440
842
723
1,032
233
497
385
654
248
484
200
477
175
539
286
263
235
230
258
266
429
595
355
387
264
303
437
770
2
10
5
116
15
45
32
24
51
49
21
52
133
146
211
222
121
122
31
57
112
68
27
61
588
866
834
1,225
796
1,230
609
930
589
943
761
1,131
549
860
819
1,153
771
1,132
573
773
557
819
678
1,064
504
788
715
1,069
617
977
475
629
403
703
462
898
45
72
104
84
154
154
98
144
153
116
216
166
39
6
15
71
25
98
36
157
32
125
83
67
999
810
989
915
902
1,072
789
726
452
1,282
688
483
240
141
82
62
131
25
78
100
4
10
5
13
695
642
1,363
1,049
1,340
1,246
810
756
871
1,116
891
1,459
593
548
1,273
832
1,244
1,133
710
656
784
992
732
1,376
350
259
499
380
550
459
279
336
283
511
183
626
243
289
774
452
694
675
431
319
501
481
549
751
30
17
17
26
17
38
35
39
5
34
54
30
71
77
74
191
78
75
65
61
81
91
106
53
684
631
1,349
1,034
1,323
1,230
797
745
862
1,101
879
1,444
613
594
1,144
930
904
1,013
676
638
795
1,013
819
1,415
563
448
1,056
812
830
783
588
566
730
912
606
1,098
50
146
88
118
74
230
89
71
65
100
212
316
72
37
205
104
419
217
121
107
67
88
61
30
159
23. NEW SECURITY ISSUES — Continued
B.
PROPOSED USES OF NET PROCEEDS BY MAJOR GROUPS OF CORPORATE ISSUERS: OLD GROUPING, 1934-47
[In millions of dollars]
Industrial & misc.
Real estate & financial
Railroads
Public utility
Period
New
capital
Retirement
of securities
New
capital
Retirement
of securities
New
capital
Retirement
of securities
New
capital
Retirement
of securities
28
34
53
77
52
120
20
1935
1936
1937
1938
1939
224
519
706
605
231
550
761
373
226
353
60
90
140
265
90
1 190
1 897
611
943
1,157
67
215
229
24
85
54
558
110
30
97
50
238
64
9
14
72
152
7
7
88
1940
1941
1942
1943
1944
223
365
438
299
530
738
463
89
199
504
259
347
172
46
56
922
993
292
423
1,343
133
253
32
46
102
186
108
15
114
500
147
76
4
17
65
9
18
4
42
959
2 620
2,333
1 010
981
353
132
878
2,273
2,159
1 252
939
115.
132
247
1,320
571
35
141
259
262
65
64
24
1934 . . . .
1945
1946 . . .
1947
1934
1935—Jan
Feb
Mar
Apr .
May
June.
July
Aug.
Sept
Oct .
Nov
Dec
1936
Jan
Feb...
Mar
Apr
Mar
June
July..
4
1
3
2
2
}
12
2
3
00
Jan
Feb.. .
Mar
Apr
May.
June
July
Aug.
Sept
Oct
Nov..
Dec
6
4
9
4
20
1
21
3
27
43
8
82
46
175
15
24
7
9
26
21
60
5
37
11
16
15
44
1
2
6
3
20
11
1
40
1
2
50
72
29
99
306
35
146
178
198
74
2
4
i
4
28
13
Sept...
Oct
Nov.
Dec
1937
121
32
68
180
80
121
36
18
22
13
41
29
17
6
2
1
4
7
23
Jan
Feb
Mar
Apr
May.
June
July
Aug..
Sept
Oct
Nov
Dec
56
69
50
40
37
127
123
26
96
36
20
28
54
84
48
31
30
42
38
4
39
1
1
9
5
1
11
3
27
26
5
13
28
5
60
47
5
1
2
15
6
6
8
5
18
21
4
8
18
14
31
12
24
50
20
58
21
23
55
51
42
131
AUK
6
16
1
1
31
1
1
2
3
13
13
160
65
93
193
297
102
169
131
59
120
251
65
354
63
133
141
10
46
125
2
30
1
51
1
8
15
9
2
10
1
3
2
24
50
2
1
21
31
ii9
4
8
47
7
33
1
3
1
67
1
25
7
9
8
25
7
45
43
72
22
15
3
9
1
7
4
104
49
131
44
25
19
7
14
50
5
3
40
4
3
2
14
2
1
10
21
100
8
35
40
5
14
1
2
2
2
37
1
1
5
3
64
8
47
1
18
13
1
5
23. NEW SECURITY ISSUES — Continued
B. PROPOSED USES OF NET PROCEEDS BY MAJOR GROUPS OF CORPORATE ISSUERS: OLD GROUPING, 1934-47 — Continued
[In millions of dollars]
Industrial & misc.
Month
New
capital
5
1938 Jan
Feb
Mar
Apr
May
June.
July
Aug..
Sept
Oct.. .
44
10
. . .
122
41
6
19
24
20
5
103
6
9
10
Feb
14
59
2
83
84
51
9
24
77
18
Mar.
Apr
May
June.
July
Aug...
Sept
Oct
Nov.
14
21
10
New
capital
38
45
3
3
14
50
9
55
1
Retirement
of securities
New
capital
1
62
23
87
35
170
2
6
6
3
8
3
110
14
32
82
24
243
4
1
1
30
28
2
5
13
1
7
1
1
7
51
236
49
5
11
137
50
2
2
3
2
6
51
30
2
2
1
7
7
11
10
4
17
9
21
4
2
21
11
140
14
59
19
10
15
31
13
1940—Jan..
Feb
Mar..
Apr
May
June
July
Retirement
of securities
1
13
22
12
27
2
New
capital
62
57
263
66
118
5
1
Retirement
of securities
10
Dec
20
112
18
69
78
2
14
4
17
70
92
16
37
1
3
1
5
5
11
20
7
27
98
100
2
15
5
34
82
14
30
65
7
18
16
. .
Oct
Nov..
Dec
1941—Jan..
. .
11
97
19
27
21
5
30
66
8
84
32
141
17
11
11
2
146
26
47
202
16
219
28
10
16
26
12
11
2
31
1
2
1
2
7
12
10
16
34
23
109
27
39
66
17
3
48
19
93
55
129
64
27
21
3
5
50
5
2
1
31
1
8
3
21
AUK
Mar....
Apr
May..
June.
July
Aug..
Sept
Oct
Nov.
Dec...
2
5
24
Dec
1939—j an
Feb
2
24
141
110
73
13
65
Nov
Sept...
Retirement
of securities
Real estate & financial
Railroads
Public utility
54
134
45
9
1
7
37
19
36
14
63
62
38
29
40
9
13
24
97
26
169
106
63
11
51
23
24
7
21
1
31
16
13
138
8
16
47
15
15
46
28
1942—Jan
Feb
Mar
Apr .
May....
June.
July
Aug
Sept
Oct
Nov
Dec
43
26
42
98
92
1
14
5
17
1
28
83
10
40
4
13
10
4
6
6
29
20
3
34
15
1943__j an
Feb
Mar
Apr
May.
June
July
Aug...
Sept
Oct
5
2
42
1
. .
Nov
Dec
64
23
2
38
4
5
2
3
12
1
6
15
31
13
17
1
10
5
3
11
22
9
24
9
22
7
2
1
26
10
6
29
120
19
10
27
11
10
9
3
36
30
1
7
7
161
50
2
4
25
29
3
2
2
7
35""""
4
4
4
6
10
4
6
12
2
3
6
1
9
16
17
4
34
20
8
5
57
38
21
53
41
50
38
71
3
14
6
4
3
3
10
18
29
7
28
23
8
3
1
2
3
4
23. NEW SECURITY ISSUES — Continued
B. PROPOSED USES OF NET PROCEEDS BY MAJOR GROUPS OF CORPORATE ISSUERS: OLD GROUPING, 1934-47 — Continued
[In millions of dollars]
Industrial & misc.
Month
New
capital
Retirement
of securities
Public utility
New
capital
Retirement
of securities
Railroads
New
capital
1944__Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
41
54
29
59
40
40
47
38
15
117
23
27
53
7
18
68
63
30
74
10
77
74
23
7
1945—Jan..
Feb.,
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
29
14
44
84
139
20
179
134
92
118
28
79
48
27
40
44
99
47
304
116
42
105
33
105
6
7
7
42
9
32
47
81
121
134
196
37
302
111
372
524
54
181
1946—Jan..
Feb..
Mar.
Apr.,
May
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.
108
60
120
286
160
256
196
359
134
220
480
241
48
109
27
165
137
160
154
78
12
13
48
30
2
2
1
20
16
48
190
12
27
109
25
426
47
41
67
125
421
144
157
37
82
20
28
84
7
2
2
1
7
9
9
3
16
21
18
37
1947_Jan..
Feb..
Mar.
Apr..
May.
June,
July.
Aug..
Sept.
Oct..
Nov.
Dec.
152
125
83
317
167
141
213
120
71
247
148
550
84
4
6
24
35
26
39
13
11
23
45
43
18
59
225
35
56
361
228
71
172
298
247
502
28
25
107
65
180
181
73
96
136
9
31
28
7
11
17
15
28
28
23
4
31
37
20
3
6
5
12
14
7
4
11
3
12
162
61
30
132
29
58
25
56
26
155
485
265
20
Real estate & financial
Retirement
of securities
New
capital
Retirement
of securities
9
25
2
4
21
19
10
2
41
115
179
35
48
82
12
119
96
14
18
346
57
12
10
4
27
93
74
266
219
19
160
190
97
69
24
3
19
10
31
1
3
2
2
42
11
4
14
2
17
6
9
22
23
24
6
15
3
28
22
26
33
51
7
5
8
54
12
60
22
12
36
15
4
47
16
20
29
1
2
12
30
2
3
5
8
10
18
4
2
12
23. NEW SECURITY ISSUES — Continued
C.
PROPOSED USES OF NET PROCEEDS BY MAJOR GROUPS OF CORPORATE ISSUERS: NEW GROUPING, 1948-63
[In millions of dollars]
Manuf icturing
Period
New
capital
Retirement of
securities
Commercial and
miscellaneous
New
capital
Retirement of
securities
Transportation
New
capital
Retirement of
securities
Public utility
New
capital
Retirement of
securities
Communication
New
capital
Retirement of
securities
Real estate
and financial
New
capital
Retirement of
securities
1948
1949
2,126
1,347
54
44
382
310
21
28
691
784
56
11
2,005
2,043
144
233
890
517
2
49
557
558
30
35
1950
1951 .
1952
1953
1954
1,026
2,846
3,713
2,128
2,044
149
221
261
90
190
474
462
512
502
831
63
56
24
40
93
609
437
758
553
501
196
53
225
36
270
1,927
2,326
2,539
2,905
2,675
682
85
88
67
990
314
600
747
871
651
81
5
6
3
60
639
449
448
1,536
788
100
66
60
24
273
1955
1956..
1957
1958..
1959
2,397
3 336
4,104
3,265
1,941
533
243
49
195
70
769
682
579
867
812
51
50
29
13
28
544
694
802
778
942
338
20
14
38
15
2,254
2 474
3,821
3,605
3,189
174
14
51
138
15
1,045
1 384
1,441
1,294
707
77
21
4
118
1,812
1 815
1,701
1,014
1,801
56
17
67
47
6
79
287
228
190
794
1 109
803
774
30
36
32
55
672
651
543
873
39
35
16
83
2,754
2,883
2,341
1,935
51
106
444
699
1,036
1 435
1,276
726
382
11
356
2,401
2 248
1,825
2,933
71
22
23
144
6
49
47
51
45
26
88
70
42
44
65
75
90
121
110
200
242
108
236
123
75
153
168
146
326
5
12
36
15
60
1
92
6
114
153
65
3
83
79
72
161
. .
...
1,997
3 691
2,958
3,312
1948—Jan
Feb....
Mar
Apr
May.
June
July. . .
Aug
Sept
Oct
Nov
Dec
92
365
98
210
158
101
237
95
110
357
148
155
1949—Jan
Feb .
Mar
Apr..
May
June
July...
Sept
Oct .
Nov
Dec.
123
136
103
298
96
165
200
44
22
67
35
58
Jan. . .
Feb
Mar
..
Apr
May
June
July. .
Aug
Sept . . . .
Oct
Nov
Dec
29
50
47
23
145
152
64
41
60
149
122
144
1951—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov... .
Dec
66
55
263
326
333
365
138
213
144
297
194
454
I960
1961
1962
1963..
.
AUE
1950
11
9
24
1
5
2
2
3
34
56
23
27
27
47
47
19
25
29
16
34
5
1
1
3
5
5
26
17
38
11
21
31
10
26
47
38
11
34
13
2
57
73
96
49
77
71
132
27
33
70
26
74
2
4
11
13
9
23
7
12
10
22
13
22
31
20
14
27
37
35
66
29
59
23
27
107
4
1
1
6
7
9
2
4
6
16
6
1
82
26
96
63
55
40
68
39
70
25
20
24
9
4
34
47
6
19
17
17
13
10
21
26
62
24
54
43
43
48
24
18
24
40
46
37
7
5
2
4
14
5
12
3
3
44
12
50
26
19
30
19
69
48
17
70
34
i
7
6
1
4
16
4
8
2
163
37
19
1
7
4
31
22
29
50
4
3
57
18
3
14
1
16
29
2
14
21
8
2
7
2
8
46
4
386
26
1
4
13
16
4
126
96
166
239
182
484
113
93
64
148
129
203
16
39
2
1
27
45
4
96
192
67
132
217
145
389
48
108
146
192
122
168
11
30
48
55
166
159
10
105
12
41
39
5
203
133
216
117
265
193
252
186
146
125
196
257
240
8
3
38
5
2
3
6
2
423
24
3
2
51
3
8
15
37
25
2
4
2
.......
14
17
24
5
3
19
7
7
14
11
4
1
1
3
35
10
2
8
61
3
2
4
4
1
60
14
171
37
9
74
46
10
47
44
36
8
14
2
1
10
54
28
77
41
77
24
6
58
11
92
79
14
15
20
22
61
85
30
118
32
60
26
26
41
117
31
39
20
26
33
88
74
27
14
62
14
21
2
7
1
6
50
23
8
13
3
1
1
1
6
2
4
15
36
2
23.
NEW SECURITY ISSUES — Continued
C. PROPOSED USES OF NET PROCEEDS BY MAJOR GROUPS OF CORPORATE ISSUERS: NEW GROUPING, 1948-63 — Continued
[In millions of dollars]
Manufsicturing
Month
New
capital
1952 Jan
Feb
Mar
Apr
May
June
July
Retirement of
securities
Commercial and
miscellaneous
New
capital
Sept
Oct.. .
Nov
Dec.
373
247
381
268
581
264
336
93
136
577
147
309
5
24
5
16
50
7
18
34
47
19
18
18
25
11
45
71
22
44
49
33
14
29
21
148
1953—Jan.. .
Feb
Mar .
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
280
140
192
302
89
276
116
44
131
53
93
409
8
6
7
7
19
7
17
2
1
2
6
9
17
72
35
23
55
38
55
17
18
47
25
100
AUK
1954 Jan
Feb
Mar
Apr.
M^ay
June
July
Aug ..
Sept
Oct
Nov
Dec.
117
45
99
76
199
273
520
107
109
273
105
123
17
2
7
8
6
23
5
10
40
5
3
64
51
24
62
63
41
90
68
41
58
127
73
132
1955 Jan
Feb..
Mar
Apr..
May
June.
July
Aug
Sept
Oct
Nov
Dec
147
67
539
123
351
155
214
115
166
85
149
287
37
16
86
31
52
8
140
55
19
32
54
44
61
95
38
49
109
63
37
68
56
70
79
1956 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
171
183
252
259
467
281
333
196
206
314
147
526
26
19
24
78
11
19
8
16
10
7
19
5
40
44
47
29
58
77
95
83
36
31
110
33
1957 Jan
Feb
Mar
Apr
May
379
558
361
322
130
623
248
243
320
129
220
572
5
4
41
76
34
39
48
35
69
51
38
51
38
60
July
AUE
Sept
Oct
Nov
Dec
9
6
5
5
4
2
8
Retirement of
securities
3
9
3
1
2
2
2
1
1
15
1
6
2
4
3
1
2
4
i
6
12
1
4
32
14
1
16
4
5
3
1
1
9
4
4
14
6
4
3
1
1
16
1
21
4
2
3
3
2
1
2
3
5
12
Transportation
New
capital
25
44
99
167
99
23
82
27
38
29
32
93
42
33
82
66
40
45
46
15
32
36
32
84
65
37
42
58
20
40
60
46
40
22
18
52
48
8
36
18
55
55
29
45
50
54
17
130
26
38
71
53
86
54
36
37
63
37
45
148
101
30
70
73
80
50
45
31
80
49
54
138
164
Retirement of
securities
68
35
85
1
2
12
23
14
18
3
7
4
12
31
123
25
51
18
43
89
3
141
4
52
4
1
j
10
1
2
5
8
6
Public utility
New
capital
174
95
401
259
228
343
231
106
165
280
43
213
214
245
210
215
391
314
207
97
241
350
229
191
275
266
316
237
330
373
188
104
174
212
46
153
Retirement of
securities
i
2
10
2
2
1
67
3
8
2
8
17
1
i
5
16
8
46
72
173
58
132
55
74
60
15
305
195
97
195
178
231
260
103
84
208
166
268
269
41
7
28
36
16
11
67
196
189
292
335
226
237
154
242
227
153
157
1
246
246
490
354
350
431
244
251
417
333
287
173
6
13
1
12
2
i
6
1
4
13
16
6
7
9
Communication
New
capital
2
3
5
47
26
28
493
21
16
26
47
33
28
7
16
13
7
37
18
30
88
13
5
608
27
7
28
26
40
8
2
25
326
98
20
43
5
26
21
12
24
32
45
91
19
694
40
35
3
36
102
15
81
11
261
82
56
68
596
73
105
46
277
50
82
136
54
124
65
369
92
41
Retirement of
securities
2
:
1
2
1
3
54
1
2
18
6
6
32
10
3
1
18
1
3
Real estate
and financial
New
capital
15
13
19
58
35
68
47
11
20
58
50
55
42
125
132
160
93
412
40
122
242
77
45
46
12
48
88
38
26
58
71
12
41
270
26
100
96
147
337
110
177
76
143
272
158
107
88
100
267
216
155
170
118
192
102
102
236
68
37
151
189
110
89
91
75
178
343
224
53
159
98
92
Retirement of
securities
1
1
1
10
4
25
1
7
3
7
1
1
5
7
2
3
2
3
1
25
1
98
128
2
7
4
1
8
2
26
6
4
1
2
3
3
8
1
1
1
4
2
7
1
2
4
1
30
30
23. NEW SECURITY ISSUES — Continued
C. PROPOSED USES OF NET PROCEEDS BY MAJOR GROUPS OF CORPORATE ISSUERS: NEW GROUPING, 1948-63 — Continued
[In millions of dollars]
Manufacturing
Month
New
capital
1958
Jan .
Feb
Mar
Apr
May
June
July
AUK
Sept
Oct
Nov
Dec
145
173
196
612
162
253
526
113
473
265
120
226
Retirement of
securities
10
40
11
27
40
22
14
4
7
9
11
Commercial and
miscellaneous
New
capital
28
24
48
68
22
29
40
55
386
41
74
53
1959—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
143
123
92
279
250
222
135
127
206
86
114
164
16
1
1
5
7
4
1
15
4
14
I960 Jan
Feb.
Mar
Apr.
May
June.
July
Auc
Sept
Oct
Nov
Dec
59
67
172
171
92
249
182
220
161
185
249
191
4
1
1
2
6
1
6
4
4
27
22
61
99
129
47
68
49
38
51
45
66
79
61
1961 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec .
155
99
227
584
441
459
430
257
254
267
226
291
2
4
28
16
25
123
9
23
5
29
9
14
35
90
45
92
113
112
102
88
62
160
59
151
1962 Jan
Feb
Mar
Apr
May
205
133
311
383
269
344
204
218
145
167
249
331
14
2
2
67
3
35
28
4
17
10
16
31
98
54
71
102
94
73
27
46
57
40
39
103
135
220
592
148
216
227
297
272
237
240
214
515
5
6
31
5
29
10
28
3
47
5
8
13
49
52
85
64
60
114
63
50
32
60
41
104
Julv
Auc
Sept
Oct
Nov
Dec
1963 Jan
Feb
Mar
Apr
May
June
July
AUJT
Sept
Oct
Nov
Dec . . . .
3
67
108
48
74
53
129
61
44
35
83
50
61
Retirement of
securities
j
3
2
4
2
|
2
6
2
10
4
2
1
Transportation
New
capital
83
42
60
88
24
106
59
27
33
81
25
151
24
80
154
56
74
35
93
32
98
138
104
17
60
2
3
57
18
74
53 •
78
38
50
92
51
36
45
78
2
6
1
9
1
6
3
1
5
22
1
1
5
Retirement of
securities
83
55
46
27
68
117
11
68
28
57
60
32
1
6
25
45
75
28
38
45
24
72
47
20
35
90
2
1
5
12
2
3
4
7
4
4
5
8
99
30
143
34
101
109
35
36
61
25
83
118
2
3
4
4
7
6
165
5
6
2
4
1
1
1
1
1
35
1
7
20
7
1
15
60
12
8
2
1
Public utility
New
capital
322
368
402
293
302
409
347
281
181
311
126
263
295
185
333
314
337
328
170
191
109
341
241
346
155
245
198
303
144
362
126
222
303
203
314
180
137
160
84
245
439
371
288
215
111
297
364
172
89
148
192
377
198
410
118
111
148
141
169
241
114
115
97
342
222
230
107
100
78
201
131
198
Retirement of
securities
22
38
16
46
2
14
2
2
5
1
1
5
2
18
3
14
10
2
21
17
14
3
2
8
40
24
4
2
16
56
4
142
13
108
50
25
65
30
61
86
58
179
82
22
73
41
2
Communication
New
capital
34
35
797
40
11
12
101
14
9
48
89
103
Retirement of
securities
50
37
30
1
34
62
9
16
6
22
7
36
56
126
262
72
36
85
68
52
36
61
57
165
94
254
27
100
21
38
19
996
86
20
22
14
75
21
78
45
73
362
21
oo
64
76
88
120
67
259
4
54
125
68
43
71
92
58
86
25
39
41
13
64
Real estate
and financial
New
capital
117
214
51
38
75
78
34
50
32
117
84
124
202
105
107
138
104
94
129
245
161
140
180
198
1
70
45
12
251
3
1
1
4
2
2
3
3
262
8
5
71
1
4
3
Retirement of
securities
3
1
2
1
4
34
1
2
1
1
2
201
201
219
136
157
286
282
215
72
147
242
242
50
148
217
107
197
111
238
198
134
100
299
178
320
7
1
1
58
118
150
177
108
183
112
207
93
192
181
245
91
110
183
271
212
276
89
155
348
446
337
416
3
1
9
4
3
4
4
1
2
1
1
9
1
2
3
2
1
2
2
1
105
9
5
2
4
7
1
4
6
24.
NEW ISSUES OF STATE AND LOCAL GOVERNMENT SECURITIES, 1946-63
[In millions of dollars]
Issues for new capital
All issues (new capital and refunding)
Type of issue
Type of issuer
Period
Total
General
obligations
Revenue
Public
Housing
Auth.
U. S.
Govt.
loans
1946
1947
1948
1949
1,204
2,354
3,004
2,996
979
1,964
2,388
2,170
206
386
550
683
19
4
66
143
1950
1951
1952
1953
1954
3,694
3,278
4,401
5,558
6,969
3,035
2,159
2,580
3,492
3,380
600
730
1,454
1,558
3,205
59
389
358
499
375
9
9
9
1955
1956
1957
1958
1959
5,976
5,446
6,926
7,526
7,697
3,742
3,577
4,795
5,447
4,782
1,730
1,626
1,965
1,778
2,407
502
199
66
187
332
2
44
99
115
176
1960
1961
1962
1963
7,292
8,566
8,845
10,538
4,771
5,724
5,582
5,855
2,095
2,407
2,681
4,180
302
315
437
254
125
120
145
249
State
Special
district
and
Other
Total
amount
delivered
Total
stat.
auth.
Use of proceeds
Education
Roads
and
bridges
Utilities
Housing
Veterans'
aid
150
870
900
651
201
374
533
524
853
1,111
1,572
1,821
1,049
2,311
2,813
2,889
194
205
412
• 524
168
202
423
520
181
476
438
545
9
70
148
203
39
673
643
263
1,460
246
722
1,988
1,889
2,378
2,701
3,459
3,579
3,188
4,087
5,477
6,789
709
582
969
1,320
1,432
510
580
938
1,588
2,136
619
640
642
803
1,270
123
361
424
506
456
635
42
100
141
162
668
718
767
2,047
1,305
2,091
1,463
1,408
1,097
800
983
1,489
1,993
1,686
1,272
1,371
2,121
3,472
3,664
4,164
4,162
3,890
6,568
7,708
7,423
5,911
5,383
6,875
7,441
7,589
1,516
1,455
2,524
2,617
2,318
1,362
698
1,036
1,164
844
881
1,399
1,517
1,412
1,985
570
258
113
251
401
169
110
333
339
355
1,110
1,928
1,419
1,620
1,984
2,165
2,600
3,636
4,198
4,473
4,825
5,281
7,102
8,301
8,732
10,496
7,247
8,463
8,568
9,151
2,405
2,821
2,963
3,029
1,007
1,167
1,114
812
1,316
1,700
1,668
2,344
426
385
521
598
201
478
125
1946—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
76
76
89
85
144
131
139
68
89
53
78
175
3
17
3
1
38
6
17
1
23
2
31
9
7
20
6
14
52
21
15
1
3
2
4
56
65
39
80
71
53
105
107
66
63
49
43
111
70
54
58
74
96
117
133
68
79
49
78
173
12
10
16
16
28
18
20
14
6
10
14
32
2
19
2
3
8
18
6
8
17
11
4
72
20
4
15
18
15
6
32
14
18
6
9
25
1947_jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
229
100
354
406
109
215
145
194
275
121
106
101
13
36
206
307
14
115
1
16
145
5
2
10
85
15
57
9
5
2
25
130
34
6
5
131
49
91
89
90
97
119
49
96
110
99
91
220
100
352
396
107
214
135
193
275
117
104
100
13
6
21
15
19
21
29
5
5
23
21
29
13
37
23
13
19
7
8
7
55
8
9
4
105
25
66
10
15
9
39
119
19
22
34
13
1948—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
126
227
640
183
196
308
258
319
119
283
214
132
26
101
503
7
2
80
13
34
18
36
66
14
4
7
21
6
2
52
146
147
1
122
12
13
96
119
117
169
192
176
99
138
100
126
137
105
124
221
639
181
187
303
148
269
118
280
212
129
35
9
28
24
45
56
37
49
37
37
26
30
18
28
29
9
8
68
25
116
5
82
33
4
15
55
37
68
32
58
26
25
22
41
46
13
1949—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
199
204
172
199
350
325
244
219
333
231
266
256
51
16
2
2
90
152
71
39
86
83
53
9
4
3
5
58
153
2
6
38
79
4
56
118
145
185
165
139
107
171
168
143
169
144
157
129
198
199
171
198
343
324
243
217
326
229
242
199
72
41
23
21
34
63
50
38
54
46
54
29
5
21
26
4
149
36
42
16
160
17
23
21
31
37
64
67
33
28
25
83
44
31
51
51
166
15
24
1
'266'
300
10
75
80
1
88
504
"•5'
11
4
3
50
54
5
"25*
1
2
1
1
50
5
'52'
2
8
50
50
124
5
15
3
24. NEW ISSUES OF STATE AND LOCAL GOVERNMENT SECURITIES, 1946-63 — Continued
[In millions of dollars]
All issues (new capital and refunding)
Type of issue
Issues for n e w capital
Type of issuer
Use of proceeds
Total
amount
delivered
Month
Total
General
obligations
Revenue
Public
Housing
Auth.
U. S.
Govt.
loans
State
Special
district
and
stat.
auth.
Total
Other
Education
Roads
and
bridges
Utilities
5
74
40
12
16
11
125
133
164
175
221
199
192
177
114
171
166
152
247
564
356
180
335
342
207
316
286
229
378
141
58
19
64
42
116
65
47
52
75
50
86
35
16
46
107
18
49
22
21
6
62
28
123
13
34
47
46
53
56
52
67
93
29
44
76
24
21
10
39
26
62
35
181
10
73
199
28
38
159
178
119
149
212
222
157
134
149
166
134
110
162
204
159
235
429
333
363
156
248
372
287
242
25
47
29
90
98
62
35
41
51
37
39
28
4
18
12
63
160
78
27
12
28
18
137
118
15
41
42
102
8
29
55
44
136
100
45
54
64
35
73
60
69
33
61
76
41
30
575
304
151
456
406
637
245
212
474
309
230
403
58
44
2
177
153
75
3
17
2
62
66
61
349
6
13
5
66
345
5
21
302
46
9
137
168
254
136
274
188
217
238
174
171
201
155
205
358
300
147
455
392
630
244
201
474
303
183
398
100
69
47
84
75
136
81
64
68
99
76
72
13
51
12
119
48
365
24
28
69
37
18
156
58
45
39
72
58
63
54
55
34
77
36
52
392
363
433
349
650
443
522
260
476
483
411
777
44
125
84
51
22
64
96
87
30
62
94
9
157
16
59
111
362
51
154
18
262
196
135
571
191
222
290
187
267
328
272
155
184
225
182
198
389
360
426
329
649
434
519
259
475
453
408
774
98
108
113
72
148
195
149
77
51
115
86
106
32
18
93
66
237
20
207
74
137
156
160
387
64
88
113
54
49
106
84
29
51
55
50
62
1954 Jan
Feb
Mar
Apr
May
June....
July
Aug
Sept
Oct
Nov
Dec
399
414
570
735
783
855
280
300
652
616
459
906
53
76
89
126
401
142
42
34
80
201
239
566
17
62
179
300
14
432
9
41
305
103
1
2
330
276
303
310
368
281
230
225
267
312
219
338
396
411
565
734
748
853
279
261
649
594
423
877
128
138
139
160
154
188
70
79
124
118
62
72
6
67
72
307
385
376
18
54
199
209
182
261
70
97
88
102
50
67
59
63
95
130
58
391
1955—Jan
Feb
Mar
Apr
May
June....
July
Aug
Sept
Oct
Nov
Dec
541
328
540
429
350
651
470
259
407
926
661
415
65
23
256
35
18
202
59
6
12
442
267
23
130
14
23
119
89
104
125
2
103
189
53
146
347
290
262
275
243
346
286
251
293
295
340
246
535
312
538
427
350
642
470
249
406
919
658
408
171
115
163
134
94
137
99
87
88
88
205
136
25
19
132
23
18
185
81
27
92
509
144
107
67
82
86
59
55
115
59
47
94
64
73
80
1950 Jan
Feb
Mar
Apr
May....
June....
July
Aug
Sept
Oct
Nov
Dec
248
569
362
184
355
361
207
323
290
229
395
171
121
403
177
8
103
163
11
72
136
46
213
8
1951 Jan.. .
Feb
Mar
Apr
May
June
July
Sept
Oct.. .
Nov
Dec
180
206
170
238
434
335
364
156
249
382
299
266
1952 Jan.. .
Feb
Mar
Apr
May
June
July...
Aug
Sept....
Oct
Nov
Dec.
1953
AUK.
Jan
Feb
Mar
Apr. .
May
June..
July
AUK
Sept
Oct
Nov
Dec
2
33
21
2
31
167
Housing
1
21
3
3
63
1
11
9
Veterans'
aid
Other
purposes
90
400
19
49
51
100
64
113
136
71
88
57
107
90
59
4
""65"
55
3
11
4
8
171
15
157
io
38
134
5
8
73
76
22
2
202
1
137
100
11
10
123
125
15
121
5
61
50
16
2
15
10
121
3
3
126
1
139
1
10
60
118
3
54
112
28
125
5
60
22
20
8
126
60
87
98
47
70
215
102
80
53
67
58
71
36
54
130
42
104
116
67
86
53
101
90
53
119
58
46
96
126
91
114
79
79
96
128
112
93
81
94
144
147
145
95
132
63
83
136
120
93
93
93
81
99
182
157
107
83
124
132
176
85
25. NET CHANGE IN OUTSTANDING CORPORATE SECURITIES
A. BY ALL ISSUERS, 1934-63
[In millions of dollars]
Derivation of change
All securities
Period
New
Retire-
Common and preferred stocks
Bonds and notes
Net
change
New
issues
Retirements
Net
change
New issues
Invest,
cos.
Net change
Retirements
Other
Invest,
cos.
Other
Invest,
cos.
Other
1934
393
653
-260
370
620
-250
23
33
-10
1935
1936
1937
1938
1939
2,327
4,495
2,275
2,179
2,122
2,670
3,869
2,323
1,630
2,681
-343
626
-48
549
-559
2,224
3,994
1,623
2,082
1,929
2,424
3,419
2,075
1,504
2,550
-200
575
^52
• 578
-621
103
501
652
97
193
246
450
248
126
131
-143
51
404
-29
62
1940
1941
1942
1943
1944
2,751
2,743
1,082
1,215
3,231
3,024
2,767
1,418
2,015
3,747
-273
-24
-336
-800
-516
2,472
2,391
928
990
2,670
2,814
2,516
1,317
1,757
3,322
-342
-125
-389
-767
-653
279
352
154
225
561
210
251
101
258
425
69
101
53
-33
136
1945
1946
1947
1948
1949
6,145
6,796
6,600
7,597
6,776
6,718
4,570
2,409
1,677
1,876
-573
2,226
4,191
5,921
4,900
4,908
4,702
5,008
5,936
4,867
5,946
3,588
2,003
1,212
1,582
-1,038
1,114
3,005
4,725
3,285
325
423
1,236
2,093
1,592
1,336
1,486
222
115
772
983
406
243
179
103
308
464
1,111
1,186
1,093
1,307
1950
1951
1952
1953
1954
7,269
9,059
10,781
9,633
11,829
3,504
2,759
2,750
2,425
5,635
3,765
6,300
8,031
7,208
6,193
4,804
5,682
7,344
6,651
7,832
2,800
2,099
2,402
1,894
4,033
2,004
3,583
4,942
4,757
3,799
577
779
851
766
998
1,888
2,598
2,586
2,216
2,999
281
365
203
247
406
423
295
145
284
1,196
296
414
648
519
592
1,465
2,303
2,441
1,932
1,802
1955
1956
1957
1958
1959
12,641
13,414
14,608
15,091
13,338
5,574
5,013
3,586
5,273
4,845
7,066
8,402
11,021
9,818
8,493
7,571
7,814
9,611
9,661
7,122
3,383 •
3,203
2,584
3,811
3,049
4,188
4,611
7,026
5,850
4,073
1,451
1,680
1,688
2,360
2,838
3,619
3,920
3,309
3,070
3,378
466
437
406
519
794
1,725
1,373
596
943
1,002
985
1,243
1,282
1,841
2,044
1,893
2,548
2,713
2,127
2,376
1960
1961
1962
1963
13,485
17,503
14,206
15,552
4,962
6,999
6,457
8,711
8,523
10,504
7,750
6,841
8,072
9,194
8,613
10,556
3,078
4,024
3,749
4,979
4,994
5,170
4,864
5,577
2,688
3,855
3,338
3,049
2,725
4,454
2,255
1,948
855
1,171
1,140
1,536
1,029
1,804
1,567
2,197
1,833
2,684
2,198
1,513
1,696
2,650
688
-249
1948—1..
II.
III
IV
1,980
1,986
1,446
2,185
440
440
425
372
1,540
1,547
1,021
1,813
1,482
1,463
1,150
1,841
311
337
298
266
1,171
1,126
852
1,575
76
90
73
86
422
433
223
258
49
41
96
36
80
62
31
70
27
50
-23
50
342
371
192
188
1949—1..
II.
III
IV
1,376
2,606
1,260
1,534
320
395
434
726
1,056
2,212
825
808
1,071
1,997
829
970
271
322
358
630
800
1,675
471
340
87
95
110
131
218
514
321
433
32
24
25
34
17
49
51
62
55
71
84
97
201
466
270
371
1950—1..
II.
III
IV
1,642
2,473
1,329
1,825
765
1,131
935
673
877
1,342
394
1,152
1,056
1,587
933
1,228
641
913
750
496
415
674
183
732
157
135
125
160
429
751
271
437
54
76
67
84
70
142
118
93
103
59
58
76
359
609
153
344
1951—1..
II.
III
IV
2,154
2,673
1,733
2,498
763
834
632
530
1,392
1,839
1,101
1,967
1,465
1,702
1,065
1,450
586
633
478
402
879
1,069
587
1,047
213
155
165
246
476
816
503
802
107
92
90
76
70
109
64
52
106
63
75
170
407
707
439
750
1952—1..
II.
III
IV
2,352
3,048
2,462
2,919
526
628
745
851
1,825
2,420
1,717
2,069
1,544
2,127
1,793
1,879
457
544
640
761
1,087
1,583
1,152
1,119
196
190
203
263
612
731
466
52
51
52
49
17
33
53
41
144
139
152
214
594
698
413
736
1953—1..
II.
III
IV
2,337
2,922
1,873
2,501
630
627
532
637
1,707
2,295
1,341
1,864
1,488
2,065
1,313
1,785
491
478
419
506
997
1,587
894
1,279
213
184
166
203
636
673
394
513
67
71
54
55
72
78
59
76
146
113
112
148
564
595
335
437
I..
II.
III
IV
2,727
2,883
3,066
3,153
1,007
1,287
1,405
1,937
1,720
1,596
1,661
1,218
1,600
1,868
2,302
2,062
773
883
993
1,384
827
985
1,309
679
211
201
916
814
522
747
112
107
99
146
292
305
454
123
89
135
245
770
522
217
294
170
in
25. NET CHANGE IN OUTSTANDING CORPORATE SECURITIES — Continued
A. BY ALL ISSUERS, 1934-63 — Continued
[In millions of dollars]
Derivation of change
All securities
Common and preferred stocks
Bonds and notes
Period
New
issues
Retirements
Net
change
New
issues
Retire-
Net
change
New issues
Invest.
Retirements
Net change
Other
Invest,
cos.
Other
Invest,
cos.
Other
1955—1..
II.
Ill
IV
2,983
2,895
2,944
3,819
,377
,525
,471
,201
1,606
1,369
1,472
2,618
1,678
1,750
1,838
2,305
775
834
938
836
903
916
899
1,469
387
311
350
403
918
834
756
1,111
145
127
101
93
457
564
432
272
242
184
249
310
461
269
324
839
1956—1..
II.
Ill
IV
3,001
3,358
3,394
3,661
,184
,598
,102
,128
1,816
1,760
2,291
2,533
1,709
2,124
2,160
1,821
812
931
752
707
896
1,193
,407
,114
424
377
379
500
868
857
855
1,340
117
118
109
93
255
549
241
328
307
259
270
407
613
308
614
1,012
1957—1..
II.
Ill
IV
3,755
3,771
3,535
3,546
904
958
864
860
2,851
2,813
2,671
2,687
2,348
2,316
2,552
2,394
654
699
607
624
,694
,617
,945
,771
460
370
395
463
947
1,085
588
689
102
111
97
96
148
148
160
140
358
259
298
367
799
937
428
549
1958—1..
II.
Ill
IV
3,634
4,090
3,598
3,770
933
1,649
1,371
1,321
2,701
2,441
2,226
2,449
2,800
2,416
2,262
2,184
660
1,357
1,014
781
2,140
1,059
1,248
1,403
395
604
622
739
439
1,070
714
847
94
113
135
177
179
179
222
363
301
491
487
562
260
891
491
484
1959—1..
II.
Ill
IV
3,109
3,548
2,914
3,766
1,201
1,371
1,179
1,095
1,910
2,177
1,734
2,672
1,544
1,837
1,661
2,080
718
895
726
710
827
942
934
1,370
700
666
674
798
865
1,045
579
201
231
188
174
282
245
265
211
499
435
486
624
584
800
314
678
1960—1..
II.
Ill
IV
3,023
3,209
3,391
3,861
1,213
1,220
1,283
1,246
1,810
1,989
2,109
2,615
1,596
1,824
2,089
2,562
719
744
859
756
877
1,080
1,230
1,806
750
591
624
723
677
794
678
576
223
229
207
196
271
247
217
294
527
362
417
527
406
547
462
282
1961—1..
II.
Ill
IV
3,371
5,727
3,702
4,703
1,435
1,798
1,739
2,028
1,936
3,929
1,963
2,676
1,437
3,303
1,997
2,457
771
1,172
1,201
880
666
2,131
796
1,577
895
836
949
1,175
1,039
1,588
756
1,071
333
321
251
266
331
305
287
882
562
515
698
909
708
1,283
469
190
1962—1..
II.
Ill
IV
3,394
4,267
2,870
3,676
1,465
1,695
1,700
1,597
1,930
2,571
1,171
2,079
1,644
2,675
1,801
2,494
776
879
1,094
1,000
868
1,796
707
1,494
1,128
876
597
737
622
716
472
445
287
324
239
290
402
492
367
307
841
552
358
447
221
223
106
138
1963—1..
II.
Ill
IV.
3,175
4,287
3,342
4,747
1,801
2,447
1,987
2,475
1,374
1,840
1,355
2,272
2,096
3,078
2,159
3,222
1,087
1,540
1,230
1,121
1,009
1,538
929
2,101
709
675
734
931
370
534
449
594
352
399
393
392
362
508
364
962
357
276
341
539
26
85
-368
171
25. NET CHANGE IN OUTSTANDING CORPORATE SECURITIES—Continued
B.
Manufacturing
BY TYPE OF ISSUER, 1948-63
[In millions of dollars]
Commercial
and other
Transportation
Public utility
Communication
Real estate
and financial 1
Period
Bonds
& notes
Stocks
Bonds
& notes
Stocks
Bonds
& notes
Stocks
Bonds
& notes
Stocks
Bonds
& notes
Stocks
Bonds
& notes
Stocks
6
-23
41
42
105
34
363
438
-10
-5
1,555
1,232
302
755
678
324
358
351
381
430
196
403
302
-10
284
68
107
_3
27
-20
-50
1,029
I 399
,483
,639
,768
699
754
845
1 069
794
-33
112
147
426
-126
454
666
817
622
982
375
162
236
1,242
264
473
610
770
684
812
-31
-164
29
11
162
-260
-31
,144
H7
2 585
2,133
1,738
849
796
815
1,027
1 028
432
375
1 236
494
475
879
1,196
189
1,070
445
1,170
1,131
995
206
994
1,160
1,540
1,554
1,999
2 342
-46
-447
-201
-352
415
-8
289
413
332
173
71
-85
316
1,689
1,648
1,295
876
635
704
479
245
901
149
1 172
438
356
1,457
357
447
1,572
775
833
1,806
2,164
3,212
2,517
1,607
97
31
56
45
2
22
2
-20
68
115
51
128
-3
-5
390
400
248
518
28
120
50
105
80
208
112
278
123
101
69
65
213
56
55
57
29
114
4
50
52
97
-8
-7
43
29
59
55
9
-4
-4
-23
123
103
92
121
2
-1
316
583
143
191
64
298
126
267
27
419
-62
-61
48
37
140
125
56
157
60
158
81
110
99
112
-74
-14
-33
217
-11
118
-20
10
21
20
85
109
-12
21
31
104
113
80
5
-1
1
182
467
86
294
220
273
5
201
135
-14
-118
-36
126
127
121
80
48
103
82
143
128
164
85
96
1951 I
II
Ill ..
IV
165
741
232
557
112
168
125
243
71
86
6
62
13
13
-11
28
-53
-63
43
62
5
-8
3
-4
314
372
343
370
126
248
87
293
136
194
200
136
43
42
56
21
1952 I
II
Ill
IV
656
779
412
795
235
110
31
149
22
21
43
64
21
56
12
17
61
215
32
-25
6
26
-12
7
432
464
217
369
179
326
203
137
339
-109
-93
-25
-91
-8
422
-176
132
146
156
382
6
113
25
92
121
155
109
225
165
173
175
257
1953_I
II
Il
l
IV
446
497
160
62
24
24
_7
19
73
33
22
88
-1
10
20
5
12
40
-24
41
-3
1
-7
-13
343
488
335
473
289
363
161
256
-112
-46
36
548
209
146
147
120
237
574
364
67
192
163
132
197
1954 i
II ...
Ill
IV . .
404
244
478
295
-14
40
-39
-132
58
70
53
187
-24
81
154
-103
-8
-3
-40
660
582
332
194
192
340
113
149
50
50
34
131
156
89
124
443
230
217
65
233
198
52
44
-12
66
74
41
99
9
96
182
129
-48
-163
-43
-6
254
305
146
439
180
262
188
219
-320
-41
260
-25
-53
32
41
413
521
163
138
161
1955—I . ...
II
III ... .
IV
38
-13
18
-42
40
-81
-18
28
161
91
106
522
395
192
425
158
172
293
295
399
1956 I
II
Il
l
IV. ..
238
448
368
552
105
112
94
145
12
14
154
-9
26
-136
13
-66
-46
-88
126
5
-28
13
-22
196
573
335
233
209
162
186
238
26
12
210
126
177
125
267
627
470
233
340
87
398
333
311
498
1957 I
II
III
656
294
458
371
440
507
166
294
14
13
59
56
30
15
2
-16
69
57
30
133
-12
24
_5
-6
603
600
793
590
261
343
58
154
128
500
173
435
42
15
78
54
224
152
432
187
397
293
427
437
1,518
676
345
135
230
186
96
1 695
2,641
1,166
1,420
97
648
525
61
-145
235
225
150
216
367
1955
1956
1957
1958
1959
745
1,606
1 779
2,197
316
282
455
1 407
-46
442
I960
1961
1962
1963
399
2,012
1 355
1,804
462
415
-242
-664
281
171
142
406
217
261
516
294
339
III
IV ...
324
316
330
548
190
70
45
40
1949—i
II ...
Il
l
IV
235
385
180
-124
1950—I
II
II. ...
IV
1948
1949
1950
1951
1952
1953
1954
.. .
1948—I
I
I
IV
-93
2
-42
-7
-25
-19
-2
-6"
For note see opposite page.
172
25. NET CHANGE IN OUTSTANDING CORPORATE SECURITIES — Continued
B. BY TYPE OF ISSUER, 1948-63 — Continued
[In millions of dollars]
Period
M anufacturing
Bonds
& notes
Stocks
Commercial
and other
Bonds
& notes
Transportation
Stocks
Bonds
& notes
Stocks
Public utility
Bonds
& notes
Stocks
Communication
Bonds
& notes
Stocks
Real estate
and financial *
Bonds
& notes
Stocks
1958—1
II
Ill
IV
217
822
694
463
-29
-34
-24
41
-13
8
352
59
-7
-16
6
29
82
98
18
215
-25
4
-3
-69
721
664
398
350
274
193
284
276
857
-511
-16
165
8
712
223
127
275
-21
-198
151
340
524
493
642
1959—1
II
Ill
IV
2
201
100
13
134
174
42
92
47
96
27
48
18
47
41
55
118
32
127
54
2
18
388
557
253
540
234
375
87
332
37
-25
61
402
122
124
90
109
235
80
366
313
572
497
540
733
1960—1
II
Ill
IV
-110
132
37
341
85
86
209
81
147
41
24
49
2
52
-55
-46
24
64
29
55
-8
-24
218
541
466
464
182.
152
153
149
143
113
226
418
90
79
101
86
455
189
448
479
582
540
479
564
1961—1
II
Ill
IV
124
960
586
343
97
152
70
95
27
164
48
278
-84
63
70
-496
17
58
-26
21
-17
11
1
-2
95
670
269
614
185
214
152
153
99
101
-170
119
490
727
90
150
305
178
89
203
600
630
784
1,199
1962—1
II
Ill
IV
180
556
265
353
75
131
6
83
-121
-27
-11
-40
-60
-25
-33
33
-2
-14
-9
197
694
95
309
50
233
135
62
434
188
244
307
85
86
97
89
42
252
130
409
1963—1
II
Ill
IV
391
460
378
574
49
-146
-143
-2
-101
-234
-54
-275
58
177
17
87
15
-14
-17
-307
100
131
95
180
-3
-28
27
-15
190
250
148
288
25
165
8
47
197
99
82
61
87
99
131
129
73
422
399
912
1,001
631
400
485
370
313
330
592
1
-19
-9
Includes investment companies.
173
26. MUTUAL SAVINGS BANKS: ASSETS AND LIABILITIES, 1945-63
[In millions of dollars]
Loans
Securities
End of period
State
and
local
govt.
Corporate
and
other
Cash
Mortgage
Other
U. S
Govt.
1945.
1946.
1947.
1948.
1949.
4,202
4,451
4,856
5,583
6,479
62
75
94
106
106
10,650
11,745
11,984
11,509
11,444
1950.
1951.
1952.
1953.
1954.
8,039
9,747
11,231
12,792
14,845
127
129
144
165
188
10,877
9,827
9,443
9,191
8,755
1955.
1956.
1957.
1958.
1959.
17,279
19,559
20,971
23,038
24,769
211
248
253
320
358
8,463
7,982
7,583
7,270
6,871
I960.
1961.
1962.
1963.
26,702
28,902
32,056
36,007
416
475
602
607
6,243
6,160
6,107
5,863
,387
,377
,402
,426
,441
,490
,533
,572
,614
,643
,659
,696
838
764
724
779
669
681
881
Other
assets
Total
assets—
Total
liabilities Deposits
& general
reserve
accounts
Other
liabilities
General
reserve
accounts
606
815
881
877
872
243
203
213
223
233
16,962
18,662
19,724
20,482
21,503
15,332
16,813
17,759
18,400
19,287
48
61
71
80
94
1,582
1,788
1,894
2,002
2,121
2,356
2,490
140
2,925
335
3,311
428
3,548
608
792
883
917
983
1,026
255
288
304
330
380
22,446
23,504
25,301
27,199
29,350
20,025
20,900
22,610
24,388
26,351
137
153
164
203
261
2,283
2,450
2,527
2,608
2,738
646
676
685
729
721
3,364
3,548
4,344
4,971
4,845
966
920
889
921
829
416
448
490
535
552
31,346
33,381
35,215
37,784
38,945
28,182
30,026
31,684
34,031
34,977
310
369
427
526
606
2,854
2,986
3,105
3,227
3,362
672
677
527
440
5,076
5,040
5,177
5,074
874
937
956
912
589
640
695
799
40,571
42,829
46,121
49,702
36,343
38,277
41,336
44,606
678
781
828
943
3,550
3,771
3,957
4,153
206
226
243
247
256
272
213
19,353
19,428
19,511
19,612
19,620
19,587
19,724
16,867
16,937
17,025
17,085
17,137
17,415
17,462
17,525
17,607
17,646
17,585
17,759
1,199
1,373
1,696
2,183
2,368
1947—Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec..
4,458
4,478
4,481
4,503
4,534
4,606
4,646
4,677
4,709
4,761
4,794
4,856
88
82
83
87
93
96
94
11,855
11,945
11,978
11,974
12,029
12,124
12,177
12,211
12,177
12,198
12,086
11,984
1948—Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
4,893
4,914
4,955
5,009
5,057
5,134
5,203
5,274
5,320
5,422
5,491
5,583
87
90
97
95
108
105
97
97
106
100
111
106
12,019
12,026
12,075
12,064
11,997
11,992
12,011
11,927
11,763
11,667
11,543
11,509
,747
,802
,872
,912
,942
,979
2,002
2,032
2,085
2,096
2,121
2,183
849
850
798
743
760
832
726
738
882
841
798
877
229
242
245
257
273
221
233
243
248
261
271
223
19,824
19,925
20,043
20,080
20,137
20,263
20,273
20,311
20,404
20,388
20,335
20,482
17,854
17,931
18,008
18,051
18,088
18,209
18,205
18,227
18,272
18,283
18,210
18,400
71
83
110
104
116
95
106
112
147
109
130
80
1,899
1,911
1,926
1,924
1,933
1,958
1,963
1,973
1,985
1,995
1,995
2,002
1949_Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
5,638
5,694
5,753
5,816
5,875
5,950
6,012
6,084
6,174
6,273
6,368
6,479
101
101
103
100
112
106
98
99
106
103
116
106
11,620
11,627
11,684
11,685
11,662
11,659
11,645
11,633
11,590
11,521
11,408
11,444
2,221
2,248
2,244
2,314
2,339
2,367
2,411
2,402
2,412
2,409
2,398
2,368
796
790
812
730
732
799
765
776
785
780
756
872
238
252
253
273
289
231
246
262
266
291
316
233
20,613
20,711
20,849
20,918
21,008
21,112
21,177
21,255
21,333
21,377
21,362
21,503
18,515
18,581
18,690
18,745
18,803
18,948
18,988
19,025
19,082
19,119
19,065
19,287
94
115
126
136
155
101
122
148
156
151
169
94
2,004
2,015
2,033
2,038
2,049
2,063
2,067
2,083
2,096
2,108
2,128
2,121
1950—-Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
6,571
6,665
6,776
6,869
6,972
7,093
7,219
7,366
7,520
7,698
7,847
8,039
99
99
104
103
131
118
129
134
126
142
172
127
11,528
11,517
11,565
11,584
11,581
11,573
11,491
11,390
11,217
11,095
10,953
10,877
2,387
2,439
2,443
2,448
2,447
2,434
2,434
2,400
2,384
2,365
2,331
2,356
829
845
857
805
774
831
755
727
794
734
721
792
252
269
261
281
294
245
246
257
288
296
292
255
21,667
21,834
22,006
22,092
22,200
22,293
22,274
22,275
22,330
22,329
22,317
22,446
19,428
19,523
19,670
19,740
19,807
19,939
19,895
19,856
19,884
19,896
19,843
20,025
114
134
150
167
196
144
163
191
201
188
219
137
2,125
2,176
2,185
2,184
2,197
2,210
2,216
2,229
2,244
2,245
2,254
2,283
1951_j an ...
Feb..
Mar..
Ap
Apr..
May.
June.
8,175
8,283
8,428
8,585
8,761
8,914
117
121
130
129
149
128
10,858
10,748
10,490
10,390
10,307
10,222
2,355
2,370
2,388
2,438
2,458
2,499
707
713
874
840
793
851
278
296
295
299
314
279
22,491
22,531
22,605
22,680
22,781
22,892
20,048
20,049
20,105
20,162
20,234
20,400
153
182
187
207
232
169
2,291
2,300
2,313
2,311
2,315
2,323
174
82
1,855
1,966
1,986
2,005
1,974
2,002
71
1,894
26. MUTUAL SAVINGS BANKS: ASSETS AND LIABILITIES, 1945-63 — Continued
[In millions of dollars]
Securities
Loans
Total
assets—
Total
liabilities
& general
reserve
accounts
Deposits
Cash
Other
assets
2,528
2,543
2,556
2,591
2,597
140
2,490
813
780
795
785
753
883
288
300
314
306
323
288
22,978
23,080
23,184
23,233
23,265
23,504
20,457
20,522
20,606
20,667
20,654
20,900
191
217
219
201
234
153
2,329
2,341
2,359
2,364
2,377
2,450
205
210
247
248
254
243
268
274
278
296
297
335
2,498
2,551
2,603
2,681
2,735
2,774
2,821
2,845
2,866
2,913
2,905
2,925
830
853
845
827
816
965
754
23,633
23,787
23,984
24,128
24,306
24,460
24,592
24,735
24,925
24,996
25,052
25,301
21,027
21,137
21,318
21,435
21,572
21,772
21,877
21,985
22,170
22,261
22,268
22,610
160
197
191
214
247
192
217
247
245
219
262
164
2,447
2,453
2,475
2,478
2,487
2,496
2,498
2,502
2,510
2,516
2,521
2,527
9,507
9,533
9,537
9,526
9,547
9,479
9,494
9,498
9,435
9,332
9,289
9,191
341
406
411
369
377
394
397
406
412
419
425
428
2,980
3,038
3,060
3,110
3,145
3,199
3,247
3,261
3,293
3,297
3,277
3,311
848
816
800
917
882
847
872
843
787
867
805
798
841
878
812
983
302
311
314
314
327
312
308
317
324
321
332
304
318
334
346
367
374
344
361
366
372
378
383
330
25,523
25,741
25,902
26,074
26,232
26,402
26,552
26,691
26,846
26,936
26,968
27,199
22,803
22,917
23,116
23,269
23,385
23,620
23,731
23,819
23,977
24,077
24,060
24,388
192
290
228
256
294
224
253
292
273
263
298
203
2,528
2,534
2,557
2,549
2,552
2,559
2,568
2,579
2,596
2,596
2,611
2,608
155
160
169
168
210
198
181
185
191
179
198
188
9,199
9,196
9,161
9,119
9,123
9,030
8,935
8,926
8,885
8,857
8,757
8,755
446
459
470
499
531
535
556
564
570
581
591
608
3,410
3,445
3,484
3,501
3,516
3,552
3,599
3,616
3,625
3,612
3,572
3,548
953
957
1,004
942
878
987
974
941
949
909
920
1,026
356
369
372
375
390
367
369
388
398
377
392
380
27,434
27,609
27,856
27,995
28,217
28,397
28,515
28,709
28,889
28,956
29,049
29,350
24,577
24,694
24,928
25,040
25,205
25,438
25,534
25,644
25,838
25,939
25,970
26,351
234
280
273
296
337
277
304
354
327
293
339
261
2,623
2,635
2,655
2,659
2,675
2,682
2,677
2,711
2,725
2,724
2,739
2,738
15,009
15,174
15,395
15,579
15,771
15,999
16,213
16,437
16,669
16,890
17,067
17,279
181
187
196
182
206
204
182
193
207
196
218
211
8,785
8,793
8,799
8,754
8,740
8,685
8,719
8,712
8,667
8,556
8,483
8,463
639
646
659
657
662
663
682
679
659
654
642
646
3,559
3,567
3,574
3,558
3,520
3,512
3,480
3,440
3,417
3,407
3,372
3,364
1,028
985
984
937
953
989
924
927
917
891
885
966
394
408
414
404
410
409
408
408
418
413
427
416
29,595
29,761
30,021
30,071
30,262
30,461
30,607
30,796
30,954
31,008
31,095
31,346
26,546
26,651
26,917
26,961
27,086
27,329
27,427
27,537
27,718
27,803
27,830
28,182
299
342
322
339
385
335
372
427
381
378
405
310
2,750
2,768
2,782
2,771
2,791
2,797
2,809
2,833
2,854
2,827
2,860
2,854
1956—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec..
17,471
17,661
17,866
18,049
18,243
18,429
18,627
18,854
19,040
19,245
19,420
19,559
182
189
214
215
263
250
220
231
245
238
276
248
8,485
8,477
8,485
8,433
8,391
3,315
8,309
8,262
8,225
8,078
8,000
7,982
671
673
689
686
681
678
680
681
677
672
673
676
3,377
3,412
3,415
3,417
3,436
3,476
3,509
3,511
3,525
3,538
3,530
3,548
914
900
887
832
829
914
851
832
832
799
111
920
425
435
444
446
460
440
446
451
462
455
469
448
31,525
31,747
31,998
32,077
32,303
32,503
32,642
32,823
33,006
33,024
33,146
33,381
28,321
28,456
28,694
28,739
28,900
29,185
29,261
29,363
29,522
29,584
29,634
30,026
346
403
399
430
472
387
440
495
504
463
511
369
2,859
2,888
2,905
2,909
2,930
2,930
2,941
2,965
2,981
2,977
3,002
2,986
1957_j an ..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec..
19,695
19,787
19,914
20,035
20,162
20,280
20,402
20,513
20,616
20,740
20,840
20,971
232
251
277
262
313
282
249
268
274
243
261
253
8,003
8,023
8,041
7,965
7,946
7,874
7,867
7,878
7,861
7,725
7,589
7,583
682
683
683
685
687
686
693
690
692
689
692
685
3,616
3,670
3,753
3,816
3,878
3,950
4,013
4,073
4,128
4,188
4,285
4,344
831
831
844
788
800
871
798
757
783
759
765
889
459
468
473
468
480
472
476
485
497
486
507
490
33,518
33,713
33,986
34,019
34,265
34,415
34,497
34,663
34,851
34,831
34,939
35,215
30,112
30,224
30,461
30,468
30,637
30,902
30,918
31,008
31,214
31,248
31,284
31,684
405
462
483
507
563
461
510
567
532
488
536
427
3,002
3,027
3,042
3,044
3,065
3,052
3,069
3,089
3,105
3,095
3,119
3,105
Mortgage
Other
U.S.
Govt.
1951—July.
Aug.
Sept.
Oct..
Nov.
Dec.
9,059
9,208
9,321
9,459
9,592
9,747
129
126
126
133
154
129
10,161
10,122
10,073
9,959
9,847
9,827
1952—Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
9,843
9,929
10,045
10,165
10,273
10,405
10,543
10,665
10,790
10,962
11,075
11,231
115
123
124
124
144
134
125
128
133
131
158
144
9,840
9,809
9,807
9,770
9,756
9,626
9,774
9,729
9,687
9,558
9,484
9,443
1953—Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
11,344
11,446
11,530
11,709
11,830
11,961
12,100
12,208
12,334
12,474
12,608
12,792
151
136
146
151
172
158
148
154
160
158
175
165
1954—Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
12,915
13,022
13,197
13,391
13,570
13,729
13,902
14,088
14,271
14,440
14,618
14,845
1955—Jan..
Feb..
Mar.
Apr.,
May,
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
State
and
local
govt.
175
m
Other
liabilities
General
reserve
accounts
Corporate
and
other
End of month
26.
MUTUAL SAVINGS BANKS: ASSETS AND LIABILITIES, 1945-63 — Continued
[In millions of dollars]
Loans
Securities
End of month
Cash
Other
assets
Total
assets—
General
Total
reserve
liabilities Deposits
Other
& general
liabilities accounts
reserve
accounts
Mortgage
Other
U. S.
Govt.
State
and
local
govt.
Corporate
and
other
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
21,101
21,200
21,366
21,519
21,714
21,958
22,152
22,348
22,530
22,725
22,876
23,038
270
277
277
258
286
268
243
267
287
258
280
320
7,583
7,562
7,603
7,518
7,456.
7,419
7,430
7,449
7,422
7,330
7,298
7,270
708
712
717
722
703
725
734
736
738
735
734
729
4,503
4,590
4,676
4,773
4,893
4,881
4,914
4,923
4,957
4,951
4,950
4,971
829
892
928
881
876
925
858
853
871
863
825
921
498
511
520
511
521
540
537
542
551
533
555
535
35,493
35,744
36,087
36,181
36,450
36,716
36,868
37,119
37,356
37,396
37,519
37,784
31,917
32,066
32,402
32,495
32,676
32,982
33,070
33,213
33,480
33,575
33,617
34,031
463
542
523
543
604
553
600
675
624
581
634
526
3,113
3,137
3,162
3,143
3,169
3,181
3,198
3,230
3,251
3,239
3,267
3,227
1959—Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
23,107
23,232
23,407
23,562
23,723
23,879
24,058
24,214
24,374
24,511
24,635
24,769
212
239
256
242
278
318
305
339
356
327
366
358
7,324
7,364
7,427
7,383
7,395
7,301
7,288
7,276
7,244
6,963
6,878
6,871
728
724
763
729
740
747
751
750
758
738
730
721
4,931
4,937
4,908
4,967
4,947
4,966
4,918
4,931
4,929
4,874
4,845
4,845
803
821
866
752
760
803
724
727
725
698
718
829
533
538
559
541
550
547
549
547
562
553
556
552
37,639
37,855
38,185
38,175
38,392
38,560
38,592
38,784
38,947
38,664
38,729
38,945
33,860
33,974
34,287
34,293
34,413
34,624
34,570
34,650
34,847
34,660
34,633
34,977
571
641
629
630
699
643
711
799
730
665
723
606
3,208
3,240
3,269
3,252
3,280
3,294
3,312
3,336
3,370
3,339
3,372
3,362
I960—Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
24,928
25,044
25,194
25,323
25,484
25,653
25,812
26,018
26,214
26,381
26,553
26,702
333
372
412
386
446
396
435
449
435
417
425
416
6,862
6,851
6,883
6,734
6,655
6,562
6,514
6,544
6,512
6,356
6,288
6,243
715
706
709
722
699
695
691
686
687
681
676
672
4,833
4,824
4,875
4,857
4,871
4,926
4,965
4,957
4,989
4,985
5,019
5,076
698
735
776
690
732
840
771
765
787
779
788
874
565
569
570
574
578
569
572
564
592
585
590
589
38,934
39,101
39,420
39,288
39,464
39,642
39,760
39,983
40,216
40,185
40,339
40,571
34,909
34,959
35,279
35,184
35,242
35,463
35,484
35,589
35,867
35,923
35,961
36,343
660
742
722
713
799
720
795
878
806
740
810
678
3,364
3,400
3,419
3,391
3,423
3,459
3,480
3,515
3,543
3,522
3,567
3,550
1961—Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
26,863
27,003
27,207
27,383
27,570
27,771
27,972
28,179
28,335
28,513
28,680
28,902
412
427
453
401
449
417
385
431
455
420
469
475
6,349
6,449
6,566
6,350
6,337
6,296
6,314
6,320
6,305
6,185
6,172
6,160
667
667
666
664
665
687
685
686
687
682
677
677
5,079
5,064
5,110
5,099
5,126
5,158
5,160
5,137
5,118
5,062
5,042
5,040
825
846
855
804
834
861
835
821
867
840
847
937
610
621
624
625
607
616
620
629
654
645
642
640
40,804
41,076
41,480
41,326
41,588
41,806
41,970
42,202
42,422
42,348
42,529
42,829
36,513
36,649
37,000
36,946
37,060
37,427
37,450
37,549
37,859
37,844
37,892
38,277
728
3,563
3,606
3,630
3,599
3,645
3,659
3,668
3,718
3,739
3,716
3,779
3,771
1962—Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
29,145
29,333
29,563
29,833
30,087
30,399
30,688
31,000
31,243
31,548
31,820
32,056
455
461
508
468
537
519
506
549
563
536
586
602
6,245
6;322
6,531
6,315
6,331
6,296
6,285
6,311
6,314
6,152
6,133
6,107
669
651
633
606
587
582
577
568
563
548
540
527
5,064
5,065
5,090
5,055
5,057
5,069
5,135
5,159
5,151
5,154
5,183
5,177
837
884
896
818
829
883
837
808
852
867
832
956
655
661
676
671
670
675
678
677
702
697
683
695
43,071
43,378
43,897
43,766
44,100
44,421
44,706
45,073
45,388
45,502
45,776
46,121
38,446
38,611
39,083
39,032
39,216
39,642
39,814
40,029
40,458
40,644
40,791
41,336
1963—Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec..
32,492
32,812
33,125
33,452
33,809
34,075
34,389
34,690
34,964
35,333
35,654
36,007
575
583
611
568
614
588
583
662
667
637
659
607
6,143
6,172
6,432
6,191
6,166
6,189
6,170
6,137
6,076
5,899
5,885
5,863
512
501
475
470
462
458
455
455
453
451
448
440
5,176
5,166
5,157
5,085
5,080
5,090
5,107
5,132
5,171
5,149
5,073
5,074
819
870
891
830
852
890
828
809
848
819
811
912
735
722
743
728
734
737
750
741
775
765
781
799
46,451
46,826
47,436
47,325
47,717
48,028
48,282
48,626
48,955
49,052
49,312
49,702
41,565
41,780
42,306
42,318
42,549
42,972
43,109
43,282
43,712
43,910
44,028
44,606
1958—Jan..
Feb..
Mar.
176
.
821
850
781
883
720
852
935
823
788
857
781
845
944
973
923
1,016
921
1,022
1,127
996
955
1,025
828
932
1,052
1,106
1,034
1,148
1,023
1,138
1,248
1,124
1,049
1,141
943
3,780
3,823
3,840
3,811
3,868
3,859
3,870
3,916
3,934
3,904
3,960
3,957
3,955
3,993
4,023
3,973
4,019
4,033
4,035
4,096
4,118
4,093
4,143
4,153
27.
SAVINGS AND LOAN ASSOCIATIONS: ASSETS AND LIABILITIES, 1945-63
[In millions of dollars]
Liabilities
Assets
End of period
Mortgages
U. S.
Goyt.
securities
Cash
Other
Total
assets—
Total
liabilities
Savings
capital
Reserves
Borrowed
and
undivided
money
profits
Loans in
process
Other
1945
1946
1947
1948
1949
5,376
7,141
8,856
10,305
11,616
2,420
2,009
1,740
1,455
1,462
450
536
560
663
880
356
381
416
501
566
8,747
10,202
11,687
13,028
14,622
7,365
8,548
9,753
10,964
12,471
644
751
855
969
1,106
336
402
542
590
499
402
501
537
505
546
1950
1951
1952
1953
1954
13,657
15,564
18,396
21,962
26,108
1,487
1,603
1,787
1,920
2,013
924
1,066
1,289
1,479
1,971
733
899
1,108
1,297
1,469
16,893
19,222
22,660
26,733
31,633
13,992
16,107
19,195
22,846
27,252
1,280
1,453
1,658
1,901
2,187
900
894
944
1,027
950
721
768
863
959
789
455
1955
1956
1957
1958
1959
31,408
35,729
40,007
45,627
53,141
2,338
2,782
3,173
3,819
4,477
2,063
2,119
2,146
2,585
2,183
1,789
2,199
2,770
3,108
3,729
37,656
42,875
48,138
55,139
63,530
32,142
37,148
41,912
47,976
54,583
2,557
2,950
3,363
3,845
4,393
1,546
1,347
1,379
1,444
2,387
912
887
856
1,161
1,293
499
543
628
713
874
1960
1961
1962
1963
60,070
68,834
78,770
90,944
4,595
5,211
5,563
6,445
2,680
3,315
3,926
3,979
4,131
4,775
5,346
6,191
71,476
82,135
93,605
107,559
62,142
70,885
80,236
91,308
4,983
5,708
6,520
7,209
2,197
2,856
3,629
5,015
1,186
1,550
1,999
2,528
968
1,136
1,221
1,499
1950—Mar.
June
Sept.
Dec.
12,014
12,694
13,293
13,657
1,497
1,506
1,489
1,487
885
913
727
924
597
672
689
733
15,090
15,880
16,291
16,893
12,925
13,422
13,418
13,992
1,190
315
437
694
900
1951—Mar.
June
Sept.
Dec.
13,999
14,539
15,058
15,564
1,547
1,558
1,577
1,603
844
940
852
1,066
751
849
852
899
17,232
17,977
18,429
19,222
14,286
14,910
15,317
16,107
1952—Mar.
June
Sept.
Dec.
16,057
16,875
17,696
18,396
1,690
1,687
1,765
1,787
1,080
1,182
1,044
1,289
918
996
,011
,108
19,832
20,825
21,598
22,660
16,811
17,656
18,198
19,195
1953—Mar.
June
Sept.
Dec.
19,051
20,099
21,116
21,962
1,926
1,997
1,982
1,920
1,259
1,333
,196
,479
,128
,218
,212
,297
23,442
24,724
25,582
26,733
20,072
21,140
21,735
22,846
1954_Mar.
June
Sept.
Dec.
22,698
23,798
24,982
26,108
1,925
1,956
1,966
2,013
,615
,790
,677
,971
,327
,427
,369
,469
27,639
29,045
30,067
31,633
23,893
25,128
25,824
27,252
1955—Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
26,413
26,750
27,288
27,824
28,379
28,993
29,529
30,116
30,595
30,935
31,185
31,408
2,087
2,154
2,192
2,223
2,249
2,269
2,327
2,343
2,323
2,321
2,334
2,338
,959
,966
,917
,828
,833
,959
,715
,651
,610
,726
,793
2,063
,441
,455
,497
,548
,639
,651
,579
,615
,636
,685
,779
,789
31,970
32,394
32,962
33,490
34,166
34,937
35,214
35,787
36,225
36,727
37,150
37,656
27,716
28,041
28,399
28,717
29,137
29,855
29,979
30,276
30,547
30,965
31,355
32,142
1956—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
31,675
31,971
32,368
32,776
33,212
33,652
34,066
34,513
34,867
35,223
35,497
35,729
2,452
2,525
2,582
2,637
2,680
2,646
2,680
2,719
2,732
2,746
2,771
2,782
2,019
2,015
1,968
1,906
1,918
2,040
1,862
1,766
1,723
1,759
1,817
2,119
,764
,820
,864
,952
2,079
2,091
2,008
2,017 •
2,071
2,139
2,220
2,199
37,967
38,387
38,837
39,325
39,942
40,481
40,667
41,065
41,442
41,915
42,352
42,875
32,605
32,951
33,298
33,617
34,079
34,848
34,990
35,277
35,544
35,949
36,326
37,148
1957_jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
35,950
36,209
36,567
36,967
37,413
37,834
38,241
38,701
39,058
39,475
39,753
40,007
2,925
3,040
3,129
3,155
3,169
3,129
3,170
3,194
3,220
3,215
3,238
3,173
1,948
1,908
1,884
1,835
1,874
2,059
1,739
1,636
1,647
1,629
1,715
2,146
2,179
2,235
2,321
2,436
2,576
2,607
2,513
2,572
2,628
2,715
2,775
2,770
43,047
43,437
43,945
44,437
45,076
45,673
45,707
46,147
46,597
47,077
47,524
48,138
37,485
37,793
38,145
38,453
38,905
39,726
39,674
39,926
40,250
40,611
40,989
41,912
177
T,280"
1,360
T,453"
1,540
i,658*
1,780
T,90i"
2,028
'2',i87*
2,349
2,557
2,741
2,950
3,130
3,363
831
746
811
742
894
'" 768 '
584
648
711
944
'' 863 "
606
714
797
1,027
896
' ' 98Y
1,090"
959
692
746
761
950
571
713
787
789
784
752
762
822
894
,102
,164
,292
,403
,476
,494
,546
777
808
918
,000
,073
,133
,148
,187
,137
,070
987
912
,358
,283
,232
,227
,225
,279
,220
,236
,264
,266
,266
,347
879
913
972
,035
,067
,079
,077
,061
,031
989
925
887
,136
,067
,048
,059
,080
,181
,144
,181
,228
1,244
1,254
1,379
847
861
912
955
996
1,024
1,032
1,025
430
455
498
499
534
543
612
1,000
988
906
856
628
27. SAVINGS AND LOAN ASSOCIATIONS: ASSETS AND LIABILITIES, 1945-63 — Continued
[In millions of dollars]
Liabilities
Assets
Cash
Other
Total
assets—
Total
liabilities
2,028
2,201
2,413
2,532
2,574
2,752
2,462
2,392
2,315
2,208
2,250
2,585
2 780
2,793
2 797
2,899
2 998
2,955
2,865
2 877
2,922
3 059
3 161
3,108
48 272
48,679
49 233
49,894
50 575
51,364
51,580
52 196
52,888
53 627
54,292
55,139
42 365
42,741
43 229
43,591
44 102
45,037
45,110
45 470
45,917
46 424
46,904
47,976
3,558
1,035
3,845
1,049
1,133
1,191
1,232
1,444
1,050
1,091
1,109
1,155
[,176
1,164
1,161
2,288
2,261
2,260
2,080
2,107
2,345
,914
,872
1,820
,751
1,812
2,183
3,069
3,152
3,251
3,402
3,588
3,603
3,489
3,503
3,570
3,656
3,793
3,729
55,498
56,080
56,849
57,635
58,625
59,708
60,075
60,810
61,494
62,147
62,781
63,530
48,422
48,827
49,354
49,768
50,367
51,456
51,657
52,051
52,498
52,894
53,378
54,583
3,855
3,863
3,864
3,870
3,879
4,094
4,102
4,113
4,120
4,128
4,138
4,393
1,264
1,210
1,202
1,299
1,361
[,675
1,706
,825
1,973
2,109
2,165
2,387
[,123
1,163
1,276
1,373
1,466
1,578
[,588
1,583
1,541
1,482
1,382
1,293
,868
1,834
1,883
1,857
,938
2,258
2,025
2,055
2,080
2,182
2,265
2,680
3,617
3,681
3,785
3,893
4,103
4,053
3,905
3,899
3,949
3;948
4,181
4,131
63,623
64,118
64,786
65,432
66,376
67,265
67,497
68,220
68,956
69,769
70,546
71,476
55,050
55,456
56,086
56,456
57,078
58,298
58,455
58,941
59,545
60,211
60,763
62,142
4,403
4,413
4,421
4,428
4,435
4,647
4,641
4,644
4,648
4,651
4,662
4,983
,936
1,813
,688
,727
,731
,941
,817
,839
,888
1,874
1,926
2,197
1,198
1,186
1,233
1,277
,331
,378
,372
1,357
,318
1,284
1,212
1,186
1,036
1,250
1,358
1,544
1,801
1,001
1,212
1,439
1,557
1,749
1,983
2,589
2,649
2,655
2,680
2,829
2,958
2,742
2,661
2,712
>,794
>,878
5,315
4,028
4,097
4,220
4,335
4,558
4,496
4,352
4,436
4,518
4,625
4,828
4,775
71,741
72,495
73,425
74,244
75,431
76,501
76,873
77,856
78,796
79,839
80,962
82,135
62,736
63,292
64,000
64,419
65,221
66,577
66,701
67,208
67,887
68,611
69,390
70,885
4,981
4,987
4,995
5,007
5,010
5,284
5,280
5,282
5,289
5,290
5,296
5,708
1,732
1,652
1,626
1,716
1,757
2,027
2,027
2,159
2,287
2,362
2,441
2,856
,119
,133
,231
,325
,416
,536
,552
,593
,588
,578
,559
,550
1,173
1,431
1,573
1,777
2,027
1,077
1,313
1,614
1,745
1,998
2,276
1,136
2,961
$,057
4,670
4,709
4,804
4,897
5,298
5,236
5,058
5,158
5,241
5,281
5,445
5,346
82,376
83,198
84,240
85,043
86,408
87,546
87,910
88,968
90,004
91,116
92,216
93,605
71,379
71,944
72,862
73,236
73,997
75,392
75,417
76,052
76,909
77,724
78,581
80,236
5,732
5,734
5,735
5,734
5,735
6,014
6,019
6,021
6,035
6,058
6,070
6,520
2,475
2,377
2,296
2,421
2,519
2,883
2,972
3,063
3,159
3,195
3,172
3,629
5,237
5,284
5,403
5,491
5,883
5,855
5,708
5,860
5,904
5,991
6,170
6,191
94,021
95,049
96,347
97,411
98,940
100,470
101,076
102,373
103,670
105,030
106,186
107,559
81,219
82,070
83,272
83,764
84,748
86,379
86,368
87,032
87,963
88,774
89,588
91,308
6,553
6,573
6,571
6,585
6,600
6,802
6,813
6,831
6,835
6,843
6,860
7,209
2,895
2,700
2,604
2,729>
2,843
3,436
3,693
"3,915
4,212
4,417
4,468
5,015
,494
,542
,653
,784
,897
,969
,995
,983
,991
1,979
1,932
1,999
1,931
1,956
2,098
2,255
2,355
2,462
2,489
2,496
2,542
2,582
2,510
1 ,528
1,296
1,601
1,694
1,868
2,260
1,288
1,507
1,849
1,910
2,160
2,461
1,221
1,423
1,750
1,802
2,078
2,394
1,391
1,713
2,099
2,118
2,414
2,760
1,499
End of month
Mortgages
U. S.
Govt.
securities
1958—Jan..
Feb..
Mar.
Apr..
May,
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.
40,246
40,486
40,824
41,227
41,755
42,328
42,882
43,446
44,024
44,629
45,099
45,627
3 218
3,199
3,199
3,236
3 248
3,329
3,371
3 481
3,627
3 731
3,782
3,819
1959—Jan..
v Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
46,039
46,469
47,065
47,775
48,531
49,364
50,168
50,908
51,584
52,210
52,674
53,141
4,102
4,198
4,273
4,378
4,399
4,396
4,504
4,527
4,520
4,530
4,502
4,477
I960—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
53,462
53,862
54,403
54,967
55,602
56,364
57,009
57,731
58,387
58,989
59,504
60,070
4,676
4,741
4,715
4,715
4,733
4,590
4,558
4,535
4,540
4,650
4,596
4,595
1961—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
60,437
60,874
61,569
62,265
63,081
64,056
64,797
65,712
66,521
67,332
68,089
68,834
4,687
4,875
4,981
4,964
4,963
4,991
4,982
5,047
5,045
5,088
5,167
5,211
1962—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug.
Sept.,
Oct..
Nov.,
Dec.
69,352
69,944
70,728
71,558
72,520
73,526
74,406
75,409
76,238
77,182
77,972
78,770
5,393
5,488
5,523
5,480
5,472
5,408
5,454
5,446
5,488
5,523
5,569
5,563
1963—Jan..
Feb..
Mar.,
Apr..
May.
June.
July.
Aug.,
Sept.,
Oct..
Nov..
Dec.
79,440
80,143
81,055
82,128
83,320
84,554
85,681
86,909
88,020
89,151
89,967
90,944
5,751
5,922
6,100
6,136
6,115
6,203
6,274
6,237
6,349
6,423
6,551
6,445
•
\
•
:
A
A
A
A
A
*
A
A
A
A
A
A
'A
'A
\
'A
\
A
'A
A
'A
'A
-
'
2
$,185
2
$,108
2
$,118
'$,376
2,992
2,955
2
5,037
2
$,130
2
$,230
-$,926
:
,593
2 ,700
2
$,789
2
$,656
2 ,622
2 ,858
2 ,413
2 ,367
,397
3,465
3,498
3,979
178
Savings
capital
Reserves
and
undivided
profits
Borrowed
money
1,004
876
787
899
870
998
Loans in
process
Other
806
811
864
926
979
684
713
834
1,017
1,153
1,325
1,552
905
1,022
1,238
1,362
1,534
1,718
874
968
28. LIFE INSURANCE COMPANIES: ASSETS AND LIABILITIES, 1945-63
[In millions of dollars]
Government securities
End of period
Total
assets
Total
Statement value:
1945
1946
1947
1948
1949
United
States
Business securities
Mortgages
State
and local
Foreign
Total
Bonds
Real
estate
Policy
loans
Stocks
Other
assets
44,797
48,191
51,743
55,512
59,630
22,545
23,575
22,048
19,135
17,868
20,583
21,629
20,021
16,746
15,290
722
614
609
872
1,052
1,240
1,332
1,418
1,517
1,526
11,059
13,024
16,099
20,272
23,124
10,060
11,775
14,709
18,844
21,406
999
1,249
1,390
1,428
1,718
6,636
7,155
8,675
10,833
12,906
857
735
860
1,055
1,247
1,962
1,894
1,937
2,057
2,240
1,738
1,808
2,124
2,160
2,245
1950.
1951.
1952.
1953.
1954.
64,020
68,278
73,375
78,533
84,486
16,118
13,760
12,905
12,537
12,262
13,459
11,009
10,252
9,829
9,070
1,152
1,170
1,153
1,298
1,846
1,507
1,581
1,500
1,410
1,346
25,351
28,111
31,515
34,438
37,300
23,248
25,890
29,069
31,865
34,032
2,103
2,221
2,446
2,573
3,268
16,102
19,314
21,251
23,322
25,976
1,445
1,631
1,903
2,020
2,298
2,413
2,590
2,713
2,914
3,127
2,591
2,872
3,088
3,302
3,523
1955..
1956..
1957..
1958..
1959*.
90,432
96,011
101,309
107,580
113,650
11,829
11,023
10,690
11,234
11,581
8,576
7,555
7,029
7,183
6,868
2,038
2,273
2,376
2,681
3,200
1,215
1,195
1,285
1,370
1,513
39,545
41,587
44,057
47,108
49,666
35,912
38,084
40,666
42,999
45,105
3,633
3,503
3,391
4,109
4,561
29,445
32,989
35,236
37,062
39,197
2,581
2,817
3,119
3,364
3,651
3,290
3,519
3,869
4,188
4,618
3,742
4,076
4,338
4,624
4,937
1960.
1961.
1962.
1963.
119,576
126,816
133,291
141,121
11,679
11,896
12,448
12,438
6,427
6,134
6.170
5,813
3,588
3,888
4,026
3,852
1,664
1,874
2,252
2,773
51,857
55,294
57,576
60,780
46,876
49,036
51,274
53,645
4,981
6,258
6,302
7,135
41,771
44,203
46,902
50,544
3,765
4,007
4,107
4,319
5,231
5,733
6,234
6,655
5,273
5,683
6,024
6,385
Book value:
1947—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec,
48,234
48,546
48,893
49,111
49,339
49,705
49,998
50,213
50,569
50,833
51,049
51,537
23,385
23,434
23,123
23,162
23,139
22,934
22,850
22,730
22,493
22,460
22,265
21,775
21,501
21,546
21,199
21,233
21,219
21,014
20,895
20,776
20,532
20,517
20,305
19,826
597
599
606
614
622
622
621
620
624
611
618
614
1,287
1,289
1,318
1,315
1,298
1,298
1,334
1,334
1,337
1,332
1,342
1,335
13,086
13,273
13,387
13,758
13,968
14,355
14,683
14,796
15,067
15,299
15,634
16,174
11,935
12,108
12,200
12,535
12,700
13,053
13,351
13,462
13,707
13,945
14,264
14,801
1,151
1,165
1,187
1,223
1,268
1,302
1,332
1,334
1,360
1,354
1,370
1,373
7,160
7,272
7,364
7,439
7,552
7,682
7,829
7,943
8,065
8,208
8,345
8,556
744
740
736
751
757
760
768
788
795
810
819
838
1,865
1,866
1,873
1,875
1,881
1,887
1,891
1,899
1,908
1,917
1,913
1,917
1,994
1,961
2,410
2,126
2,042
2,087
1,977
2,057
2,241
2,139
2,073
2,277
1948—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.
52,003
52,238
52,584
52,866
53,122
53,457
53,774
54,041
54,358
54,628
54,892
55,383
21,734
21,491
21,355
21,093
20,918
20,681
20,428
20,202
19,943
19,521
19,286
19,050
19,731
19,498
19,341
19,068
18,889
18,658
18,361
17,923
17,642
17,198
16,947
16,679
601
611
627
638
644
659
706
771
792
819
841
864
1,402"
1,382
1,387
1,387
1,385
1,364
1,361
1,508
1,509
1,504
1,498
1,507
16,382
16,830
17,247
17,644
17,888
18,197
18,557
18,751
18,981
19,584
19,865
20,354
14,989
15,414
15,828
16,219
16,464
16,753
17,101
17,292
17,527
18,127
18,403
18,889
1,393
1,416
1,419
1,425
1,424
1,444
1,456
1,459
1,454
1,457
1,462
1,465
8,839
8,994
9,169
9,347
9,514
9,701
9,886
10,087
10,241
10,436
10,627
10,861
881
888
903
941
944
963
981
999
1,015
1,026
1,033
1,054
1,935
1,942
1,954
1,966
1,978
1,982
1,999
2,011
2,023
2,035
2,046
2,057
2,232
2,093
1,956
1,875
1,880
1,933
1,923
1,991
2,155
2,026
2,035
2,007
1949_Jan..
Feb..
Mar..
Apr..
May.
June.
July.,
Aug..
Sept..
Oct..
Nov..
Dec.
55,746
55,984
56,309
56,589
56,872
57,233
57,503
57,768
58,082
58,407
58,699
59,280
19,007
18,937
18,803
18,592
18,361
18,140
17,915
17,781
17,755
17,684
17,569
17,717
16,631
16,564
16,405
16,196
15,962
15,748
15,517
15,379
15,283
15,183
15,075
15,192
870
872
887
885
895
907
912
915
938
988
,000
,022
1,506
1,501
1,511
1,511
1,504
1,485
1,486
1,487
1,534
1,513
1,494
1,503
20,451
20,640
20,854
21,218
21,467
21,934
22,332
22,433
22,541
22,715
22,923
23,043
18,992
19,181
19,369
19,728
19,937
20,378
20,762
20,862
20,957
21,108
21,300
21,390
1,459
1,459
1,485
1,490
1,530
1,556
1,570
1,571
1,584
1,607
1,623
1,653
11,007
11,158
11,338
11,513
11,670
11,847
12,004
12,176
12,344
12,504
12,679
12,892
1,071
1,097
1,105
1,120
1,133
1,157
1,173
1,176
1,189
1,209
1,223
1,236
2,071
2,081
2,099
2,110
2,124
2,141
2,156
2,173
2,188
2,202
2,213
2,227
2,139
2,071
2,110
2,036
2,117
2,014
1,923
2,029
2,065
2,093
2,092
2,165
1950—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.
59,786
60,076
60,383
60,662
60,976
61,354
61,681
61,992
62,370
62,706
63,022
63,687
17,759
17,721
17,709
17,662
17,460
17,236
17,211
17,003
16,871
16,500
16,210
15,985
15,215
15,182
15,152
15,102
14,907
14,698
14,671
14,425
14,246
13,892
13,591
13,361
,044
,051
,078
,080
,078
,094
,101
,128
,124
,122
,139
,128
1,500
1,488
1,479
1,480
1,475
1,444
1,439
1,450
1,501
1,486
1,480
1,496
23,086
23,309
23,451
23,551
23,727
23,968
24,097
24,255
24,411
24,532
24,841
25,157
21,407
21,599
21,715
21,787
21,911
22,122
22,212
22,357
22,506
22,653
22,889
23,179
1,679
1,710
1,736
1,764
1,816
1,846
1,885
1,898
1,905
1,879
1,952
1,978
13,071
13,224
13,438
13,643
13,877
14,144
14,402
14,691
14,978
15,302
15,649
16,101
1,248
1,260
1,271
1,279
1,298
1,316
1,346
1,356
1,373
1,393
1,408
1,428
2,242
2,255
2,269
2,280
2,293
2,307
2,323
2,341
2,358
2,371
2,382
2,397
2,380
2,307
2,245
2,247
2,321
2,383
2,302
2,346
2,379
2,608
2,532
2,619
1951—Jan..
Feb..
Mar..
Apr..
May.
June.
64,296
64,539
64,822
65,156
65,496
65,727
15,889
15,722
15,295
14,931
14,803
14,518
13,243
13,083
12,630
12,253
12,109
11,793
,160
,154
,161
,143
,143
,147
1,486
1,485
1,504
1,535
1,551
1,578
25,262
25,394
25,645
25,956
26,204
26,521
23,289
23,412
23,649
23,955
24,184
24,504
1,973
1,982
1,996
2,001
2,020
2,017
16,458
16,765
17,120
17,422
17,752
18,046
1,449
1,461
1,471
1,483
1,490
1,499
2,427
2,440
2,461
2,478
2,496
2,510
2,811
2,757
2,830
2,886
2,751
2,633
179
28.
LIFE INSURANCE COMPANIES: ASSETS AND LIABILITES, 1945-63 — Continued
[Book value, in millions of dollars]
Government securities
End of month
Total
assets
Total
United
States
Business securities
State
and local Foreign
Mortgages
Total
Bonds
Real
estate
Policy
loans
Stocks
Other
assets
1951—July.
Aug.
Sept.
Oct..
Nov.
Dec.
66,128
66,455
66,777
67,181
67,476
67,983
14,438
14,184
14,103
14,033
13,855
13,672
11,730
11,471
11,355
11,254
11,122
10,958
1,140
1,150
1,165
1,171
1,159
1,142
1,568
1,563
1,583
1,608
1,574
1,572
26,709
26,968
27,142
27,371
27,544
27,949
24,685
24,929
25,088
25,307
25,455
25,882
2,024
2,039
2,054
2,064
2,089
2,067
18,290
18,549
18,714
18,928
19,099
19,291
1,517
1,540
1,555
1,578
1,590
1,617
2,523
2,536
2,546
2,563
2,565
2,575
2,651
2,678
2,717
2,708
2,823
2,879
1952—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
68,554
68,907
69,250
69,604
69,959
70,334
70,774
71,123
71,578
72,034
72,415
73,034
13,623
13,564
13,448
13,402
13,138
12,972
13,015
13,020
13,051
12,858
12,908
12,814
10,893
10,841
10,765
10,737
10,463
10,309
10,324
10,347
10,399
10,244
10,297
10,195
1,149
1,135
1,105
1,093
1,093
1,095
1,134
1,138
1,136
1,133
1,130
1,126
1,581
1,588
1,578
1,572
1,582
1,568
1,557
1,535
1,516
1,481
1,481
1,493
28,226
28,458
28,807
29,090
29,476
29,776
30,070
30,192
30,353
30,846
31,015
31,286
26,135
26,361
26,689
26,963
27,338
27,626
27,918
28,043
28,193
28,692
28,858
29,095
2,091
2,097
2,118
2,127
2,138
2,150
2,152
2,149
2,160
2,154
2,157
2,191
19,536
19,712
19,870
20,008
20,175
20,335
20,505
20,643
20,801
20,961
21,087
21,245
1,624
1,639
1,656
1,662
1,674
1,693
1,706
1,722
1,736
1,751
1,766
1,868
2,587
2,598
2,612
2,621
2,633
2,646
2,656
2,667
2,683
2,692
2,698
2,699
2,958
2,936
2,857
2,821
2,863
2,912
2,822
2,879
2,954
2,926
2,941
3,122
1953—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec.
73,621
73,943
74,295
74,686
75,063
75,403
75,855
76,244
76,612
77,121
77,552
78,201
12,990
12,974
12,760
12,796
12,673
12,586
12,559
12,566
12,529
12,526
12,496
12,452
10,329
10,287
10,063
10,089
10,082
10,030
9,991
9,994
9,930
9,913
9,830
9,767
1,150
1,160
1,178
1,189
1,188
1,195
1,212
1,219
1,237
1,247
1,270
1,278
1,511
1,527
1,519
1,518
1,403
1,361
1,356
1,353
1,362
1,366
1,396
1,407
31,562
31,748
32,113
32,342
32,602
32,891
33,117
33,219
33,482
33,756
33,965
34,265
29,343
29,514
29,875
30,087
30,332
30,622
30,847
30,949
31,187
31,454
31,650
31,926
2,219
2,234
2,238
2,255
2,270
2,269
2,270
2,270
2,295
2,302
2,315
2,339
21,396
21,547
21,725
21,897
22,055
22,221
22,429
22,552
22,698
22,842
23,017
23,275
1,880
1,887
1,897
1,918
1,924
1,935
1,943
1,967
1,972
1,990
2,000
1,994
2,718
2,727
2,742
2,756
2,770
2,789
2,808
2,819
2,831
2,851
2,873
2,894
3,075
3,060
3,058
2,977
3,039
2,981
2,999
3,121
3,100
3,156
3,201
3,321
1954—Jan..
Feb..
Mar.
May!
June.
July.
Aug..
Sept.,
Oct..
Nov.,
Dec.
78,866
79,248
79,637
80,095
80,522
80,952
81,473
81,921
82,364
82,852
83,358
84,068
12,635
12,663
12,583
12,588
12,616
12,460
12,388
12,364
12,261
12,179
12,159
12,199
9,779
9,781
9,661
9,635
9,539
9,343
9,189
9,171
9,086
9,024
8,936
9,021
1,389
1,407
1,446
1,481
1,598
1,641
1,737
1,754
1,777
1,806
1,871
1,833
1,467
1,475
1,476
1,472
1,479
1,476
1,462
1,439
1,398
1,349
1,352
1,345
34,475
34,651
34,886
35,052
35,207
35,517
35,777
35,927
36,161
36,414
36,514
36,695
32,102
32,265
32,468
32,595
32,707
32,984
33,203
33,327
33,550
33,813
33,873
33,985
2,373
2,386
2,418
2,457
2,500
2,533
2,574
2,600
2,611
2,601
2,641
2,710
23,435
23,572
23,769
24,004
24,174
24,384
24,572
24,795
25,035
25,260
25,574
25,928
2,038
2,052
2,065
2,085
2,101
2,128
2,147
2,176
2,205
2,241
2,260
2,275
2,906
2,919
2,947
2,966
2,983
3,002
3,019
3,036
3,049
3,061
3,075
3,087
3,377
3,391
3,387
3,400
3,441
3,461
3,570
3,623
3,653
3,697
3,776
3,884
1955_jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.
84,868
85,262
85,632
86,065
86,519
86,970
87,638
88,087
88,529
89,016
89,495
90,267
12,506
12,479
12,315
12,330
12,261
12,239
12,292
12,369
12,325
12,236
12,096
11,757
9,230
9,239
9,091
9,105
9,058
9,046
9,096
9,180
9,129
9,027
8,891
8,545
1,937
1,974
1,964
1,965
1,956
1,957
1,979
1,979
1,983
1,990
1,987
1,998
1,339
1,266
1,260
1,260
1,247
1,236
1,217
1,210
1,213
1,219
1,218
1,214
36,862
36,933
37,222
37,363
37,534
37,677
37,927
37,919
38,124
38,386
38,544
38,851
34,108
34,172
34,449
34,570
34,746
34,848
35,058
35,046
35,253
35,506
35,646
35,930
2,754
2,761
2,773
2,793
2,788
2,829
2,869
2,873
2,871
2,880
2,898
2,921
26,208
26,458
26,727
26,949
27,217
27,484
27,748
28,001
28,250
28,563
28,867
29,425
2,315
2,344
2,366
2,382
2,406
2,422
2,453
2,473
2,491
2,505
2,523
2,557
3,125
3,141
3,159
3,177
3,190
3,207
3,230
3,245
3,260
3,271
3,284
3,294
3,852
3,907
3,843
3,864
3,911
3,941
3,988
4,080
4,079
4,055
4,181
4,383
1956—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.
90,884
91,261
91,572
92,032
92,486
92,883
93,589
94,000
94,419
94,882
95,287
95,844
11,749
11,607
11,414
11,439
11,333
11,277
11,289
11,207
11,246
11,299
11,212
10,989
8,393
8,236
8,045
8,085
7,986
7,920
7,884
7,775
7,799
7,846
7,745
7,519
2,123
2,143
2,153
2,153
2,139
2,147
2,191
2,207
2,212
2,216
2,228
2,234
1,233
1,228
1,216
1,201
1,208
1,210
1,214
1,225
1,235
1,237
1,239
1,236
39,144
39,381
39,568
39,701
39,857
39,965
40,297
40,438
40,520
40,630
40,739
,40,976
36,217
36,432
36,591
36,724
36,882
37,000
37,304
37,440
37,554
37,670
37,770
38,067
2,927
2,949
2,977
2,977
2,975
2,965
2,993
2,998
2,966
2,960
2,969
2,909
29,798
30,102
30,382
30,651
30,991
31,284
31,613
31,895
32,110
32,399
32,706
32,994
2,568
2,590
2,608
2,623
2,645
2,672
2,712
2,726
2,746
2,779
2,815
2,829
3,308
3,325
3,345
3,365
3,385
3,409
3,400
3,420
3,440
3,461
3,483
3,505
4,317
4,256
4,255
4,253
4,275
4,276
4,278
4,314
4,357
4,314
4,332
4,551
1957—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.
96,536
96,987
97,344
97,771
98,190
98,582
99,166
99,550
100,017
100,446
100,840
101,309
11,124
11,104
11,004
11,028
10,989
10,928
10,963
10,943
10,909
10,937
10,871
10,691
7,619
7,586
7,477
7,488
7,409
7,347
7,352
7,320
7,288
7,301
7,209
7,028
2,265
2,265
2,274
2,284
2,310
2,312
2,326
2,337
2,344
2,357
2,367
2,377
1,240
1,253
1,253
1,256
1,270
1,269
1,285
1,286
1,277
1,279
1,295
1,286
41,297
41,494
41,716
41,917
42,112
42,308
42,636
42,821
43,021
43,266
43,474
43,750
38,324
38,509
38,721
38,912
39,098
39,296
39,632
39,791
39,999
40,233
40,432
40,737
2,973
2,985
2,995
3,005
3,014
3,012
3,004
3,030
3,022
3,033
3,042
3,013
33,316
33,521
33,718
33,890
34,076
34,220
34,383
34,578
34,732
34,902
35,034
35,271
2,828
2,852
2,868
2,889
2,929
2,963
2,994
3,021
3,047
3,072
3,098
3,120
3,545
3,569
3,598
3,627
3,657
3,681
3,707
3,735
3,769
3,807
3,839
3,872
4,426
4,447
4,440
4,420
4,427
4,482
4,483
4,452
4,539
4,462
4,524
4,605
180
28.
LIFE INSURANCE COMPANIES: ASSETS AND LIABILITIES, 1945-63 — Continued
[Book value, in millions of dollars]
Business securities
Government securities
End of month
Total
assets
Total
United
States
State
and local
Foreign
Total
Bonds
Stocks
Mortgages
Real
estate
Policy
loans
Other
assets
1958—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec,
101,967
102,325
102,734
103,114
103,578
104,084
104,666
105,151
105,604
106,191
106,667
107,580
10,921
10,960
10,862
10,909
10,887
10,970
11,157
11,240
11,263
11,296
11,344
11,242
7,194
7,210
7,086
7,100
7,029
7,074
7,246
7,290
7,294
7,305
7,324
7,182
2,427
2,439
2,463
2,477
2,506
2,540
2,564
2,601
2,621
2,647
2,679
2,691
1,300
1,311
1,313
1,332
1,352
1,356
1,347
1,349
1,348
1,344
1,341
1,369
43,984
44,147
44,416
44,638
44,818
45,037
45,258
45,411
45,635
45,956
46,099
46,420
40,956
41,070
41,303
41,515
41,682
41,859
42,075
42,238
42,415
42,738
42,874
43,044
3,028
3,077
3,113
3,123
3,136
3,178
3,183
3,173
3,220
3,218
3,225
3,376
35,447
35,584
35,726
35,841
35,959
36,061
36,189
36,328
36,470
36,656
36,801
37,092
3,152
3,171
3,196
3,227
3,249
3,286
3,313
3,365
3,393
3,406
3,429
3,387
3,906
3,938
3,972
4,005
4,032
4,059
4,080
4,102
4,124
4,148
4,164
4,186
4,557
4,525
4,562
4,494
4,633
4,671
4,669
4,705
4,719
4,729
4,830
5,253
1959—Jan..
Feb.
Mar.
Apr.,
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
11,580
11,565
11,458
11,544
11,629
11,671
11,843
11,975
11,817
11,826
11,725
11,599
11,788
11,817
11,707
11,653
11,624
11,542
11,625
11,643
11,726
11,704
11,760
11,699
7,461
7,392
7,209
7,228
7,213
7,223
7,262
7,357
7,176
7,158
7,026
6,858
7,029
6,984
6,821
6,735
6,672
6,570
6,622
6,577
6,575
6,513
6,531
6,428
2,730
2,768
2,839
2,890
2,972
3,006
3,116
3,147
3,165
3,179
3,197
3,221
3,231
3,267
3,304
3,329
3,358
3,377
3,401
3,447
3,529
3,562
3,588
3,606
1,389
1,405
1,410
1,426
1,444
1,442
1,465
1,471
1,476
1,489
1,502
1,520
1,528
1,566
1,582
1,589
1,594
1,595
1,602
1,619
1,622
1,629
1,641
1,665
46,607
46,834
47,078
47,349
47,539
47,779
47,981
48,061
48,176
48,390
48,595
48,840
48,979
49,097
49,220
49,365
49,622
49,834
50,066
50,270
50,341
50,646
50,847
51,053
43,225
43,432
43,642
43,891
44,062
44,281
44,444
44,516
44,624
44,816
44,988
45,157
45,283
45,381
45,520
45,650
45,870
46,030
46,215
46,364
46,428
46,675
46,838
46,967
3,382
3,402
3,436
3,458
3,477
3,498
3,537
3,545
3,552
3,574
3,607
3,683
3,696
3,716
3,700
3,715
3,752
3,804
3,851
3,906
3,913
3,971
4,009
4,086
37,230
37,356
37,493
37,603
37,729
37,885
38,079
38,246
38,453
38,698
38,933
39,237
39,519
39,710
39,946
40,164
40,373
40,560
40,713
40,940
41,119
41,336
41,533
41,815
3,404
3,425
3,459
3,481
3,506
3,531
3,574
3,603
3,621
3,626
3,666
3,678
3,697
3,708
3,722
3,731
3,773
3,795
3,804
3,819
3,825
3,832
3,846
3,796
4,213
4,240
4,272
4,305
4,334
4,367
4,398
4,434
4,475
4,524
4,569
4,620
4,666
4,723
4,788
4,850
4,908
4,968
5,013
5,069
5,114
5,155
5,195
5,233
5,169
5,224
5,210
5,210
5,230
5,223
5,239
5,295
5,267
5,300
5,371
5,676
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.
108,203
108,644
108,970
109,492
109,967
110,456
111,114
111,614
111,809
112,364
112,859
113,650
114,300
114,727
115,004
115,418
115,902
116,365
116,947
117,477
117,847
118,427
118,923
119,576
5,651
5,672
5,621
5,655
5,602
5,666
5,726
5,736
5,722
5,754
5,742
5,980
1961—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
120,429
120,913
121,443
122,039
122,589
122,998
123,642
124,170
124,691
125,356
126,007
126,816
11,911
11,979
12,017
12,025
12,087
11,982
12,073
12,117
12,105
12,138
12,161
jl,915
6,553
6,551
6,544
6,501
6,521
6,409
6,479
6,479
6,428
6,442
6,396
6,135
3,655
3,682
3,710
3,744
3,745
3,744
3,765
3,795
3,822
3,835
3,879
3,902
1,703
1,746
1,763
1,780
1,821
1,829
1,829
1,843
1,855
1,861
1,886
1,878
51,331
51,466
51,629
51,870
52,039
52,310
52,618
52,826
53,033
53,318
53,548
53,967
47,182
47,255
47,334
47,556
47,638
47,902
48,178
48,356
48,510
48,745
48,921
49,149
4,149
4,211
4,295
4,314
4,401
4,408
4,440
4,470
4,523
4,573
4,627
4,818
42,001
42,142
42,365
42,627
42,800
42,987
43,096
43,263
43,427
43,631
43,868
44,250
3,856
3,863
3,865
3,867
3,875
3,893
3,912
3,943
3,956
3,974
3,990
4,011
5,272
5,311
5,375
5,437
5,482
5,525
5,558
5,597
5,636
5,670
5,701
5,735
6,058
6,152
6,192
6,213
6,306
6,301
6,385
6,424
6,534
6,625
6,739
6,938
1962—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
127,553
127,995
128,351
128,808
129,168
129,377
130,058
130,661
131,134
131,813
132,584
133,291
12,170
12,218
12,271
12,360
12,349
12,263
12,397
12,435
12,425
12,582
12,694
12,469
6,358
6,383
6,307
6,398
6,374
6,279
6,400
6,379
6,331
6,359
6,395
6,171
3,931
3,934
4,051
4,036
4,024
4,036
4,047
4,072
4,084
4,063
4,046
4,037
1,881
1,901
1,913
1,926
1,951
1,948
1,950
1,984
2,010
2,160
2,253
2,261
54,318
54,535
54,719
54,976
55,299
55,462
55,715
55,941
56,171
56,371
56,511
56,565
49,479
49,653
49,811
50,034
50,304
50,483
50,717
50,921
51,110
51,264
51,370
51,389
4,839
4,882
4,908
4,942
4,995
4,979
4,998
5,020
5,061
5,107
5,141
5,176
44,399
44,513
44,656
44,775
44,972
45,170
45,309
45,546
45,724
46,020
46,352
46,957
4,018
4,032
4,036
4,056
4,071
4,089
4,095
4,103
4,108
4,119
4,128
4,114
5,784
5,808
5,850
5,895
5,942
5,996
6,040
6,086
6,125
6,166
6,204
6,235
6,864
6,889
6,819
6,746
6,535
6,397
6,502
6,550
6,581
6,555
6,695
6,951
1963—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec.
134,212
134,683
135,151
135,780
136,396
136,864
137,603
138,314
138,878
139,596
140,215
.141,121
12,817
12,940
12,757
12,728
12,561
12,448
12,550
12,558
12,548
12,559
12,518
12,464
6,304
6,233
6,022
6,003
5,840
5,746
5,836
5,817
5,841
5,865
5,837
5,813
4,068
4,059
4,041
4,014
3,972
3,952
3,951
3,931
3,890
3,887
3,880
3,868
2,445
2,648
2,694
2,711
2,749
2,750
2,763
2,810
2,817
2,807
2,801
2,783
56,844
56,966
57,275
57,554
57,928
58,168
58,486
58,688
58,848
59,157
59,527
59,434
51,613
51,711
51,953
52,202
52,572
52,744
53,043
53,197
53,302
53,613
53,964
53,770
5,231
5,255
5,322
5,352
5,356
5,424
5,443
5,491
5,546
5,544
5,563
5,664
47,172
47,311
47,581
47,866
48,113
48,367
48,672
48,980
49,260
49,570
49,854
50,596
4,148
4,164
4,171
4,193
4,203
4,232
4,254
4,303
4,321
4,333
4,343
4,325
6,271
6,306
6,349
6,396
6,433
6,474
6,507
6,538
6,569
6,598
6,622
6,656
6,960
6,996
7,018
7,043
7,158
7,175
7,134
7,247
7,332
7,379
7,351
7,646
I960—Jan..
Feb.,
Mar.
Mly,
181
29. ASSETS OF ALL PUBLIC AND PRIVATE PENSION FUNDS, 1950-63
[Book value, end of year; in billions of dollars]
Type of fund
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
5.6
5.8
.7
6.6
7.2
.8
7.7
8.8
.9
8.8
10.7
. 1.0
10.0
12.7
1.1
11.3
14.9
1.3
12.5
17.4
1.5
14.1
20.3
1.8
15.6
23.2
2.0
17.6
26.7
2.4
18.8
30.3
2.8
20.2
34.3
3.2
21.6
38.2
3.7
23.3
42.4
4.1
Total private funds
12.0
14.5
17.3
20.4
23.7
27.4
31.4
36.1
40.9
46.6
52.0
57.8
63.5
69.9
Government
Railroad retirement...
Civil service^
State and local
Federal OASI
Federal disability insurance
2.6
4.2
5.3
13.7
2.7
4.8
6.1
15.5
3.0
5.4
7.0
17.4
3.3
5.7
8.0
18.7
3.4
6.0
9.2
20.6
3.5
6.5
10.5
21.7
3.6
7.3
11.9
22.5
3.6
7.8
13.4
22.4
.6
3.6
8.7
15.2
21.9
1.4
3.7
9.6
17.1
20.1
1.8
3.7
10.5
19.3
20.3
2.3
3.7
11.5
21.7
19.7
2.4
3.7
12.6
24.2
18.3
2.4
3.8
13.6
27.0
18.5
2.2
Private
Insured pension reserves
Noninsured corporate pension
Other noninsured funds 1
Total government funds
25.8
29.1
32.8
35.7
39.2
42.2
45.3
47.9
50.8
52.4
56.2
59.1
61.2
65.1
Total
37.8
43.6
50.2
56.2
62.9
69.6
76.7
84.0
91.6
99.0
108.2
116.9
124.7
135.0
1
Includes reserves of multi-employer funds, nonprofit organizations, and union-administered plans.
2
Includes foreign service retirement and disability fund.
SOURCES.—Securities and Exchange Commission, on basis of data from Institute of Life Insurance, U.S. Treasury Department, and Social Security Administration.
30. ASSETS OF NONINSURED CORPORATE PENSION FUNDS, 1951-63
[In millions of dollars]
Type of asset
1951
1952
1953
1954
1955
1956
1957
1959
1958
1960
1961
1962
1963
585
2,426
18,054
893
17,161
627
17,122
1,335
15,787
A. Book value, end of year
Cash and deposits
U.S. Government securities
Corporate bonds
Own company
Other companies
Preferred stock
Common stock
Own company
Other companies
Mortgages
297
2,258
3,214
273
2,257
4,255
324
2,397
5,325
309
2,384
6,539
358
2,651
7,434
382
2,120
10,741
642
10,100
642
5,087
589
4,498
402
397
2,070
12,143
638
11,506
689
6,456
652
5,804
511
419
2,257
13,262
676
12,586
696
8,228
783
7,445
710
431
2,142
14,687
740
13,947
696
10,161
886
9,275
921
517
2,174
15,719
758
14,961
682
12,624
1,039
11,585
1,103
542
2,354
16,718
857
15,861
667
14,901
1,184
13,717
1,376
l
l
l
i
l
l
1
1
1
1
289
885
246
639
349
1,296
297
999
417
1,762
342
1,420
476
2,436
383
2,054
534
3,158
435
2,723
203
345
2,400
8,964
598
8,366
597
4,031
509
3,522
303
1248
1326
1447
1550
550
789
895
967
1,096
1,305
1,483
1,675
14,889
17,429
20,268
23,234
26,667
30,343
34,302
38,233
Other assets
Total assets
7,191
8,757
10,671
12,694
1,638
1,975
42,427
B. Market value, end of year
Cash and deposits
U.S. Government securities
Corporate bonds
Own company
Other companies
Preferred stock
Common stock
Own company
Other companies
Mortgages
Other assets
Total assets
547
5,119
934
4,185
203
550
345
2,294
8,141
522
7,619
549
6,051
868
5,183
302
789
382
2,071
10,139
596
9,542
576
6,451
865
5,586
401
893
397
1,968
11,236
553
10,683
639
10,241
1,303
8,938
512
969
419
2,103
11,794
558
11,236
627
13,096
1,758
11,338
708
1,094
431
2,122
13,687
651
13,036
638
14,967
2,039
12,929
924
1,304
517
2,134
14,815
667
14,148
649
20,910
3,016
17,894
1,107
1,497
542
2,341
16,171
795
15,377
649
20,036
2,564
17,472
1,389
1,693
585
2,389
17,327
809
16,518
622
25,481
3,124
22,357
1,654
2,009
16,670
18,470
20,913
25,962
29,841
34,073
41,629
42,821
50,068
358
2,603
7,289
1
1
1 Not available separately.
SOURCE.—Securities and Exchange Commission.
182
@FedFRASER