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REC'D IN FILES SECTIONj
A P R - > 194?

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 709
April 1, 1941

OPEN-mRKET RATES IN NEW YORK CITY
(Per cent per annum)
Week ending Saturday
Mar. 23
1941

Mar. 22
1941

,Mar;.::l;
1941

Mar. 30
1940

Prevailing rate on:
Commercial paper (prime, 4 to 6 months).. 1/2-5/8
7/16
Bankers* acceptances (prime, 90 days) ... !
Time loans (Stock Exchange, 90 days) ....|| 1 1/4

I/2-5/8
7/16
1 1/4

1/2-5/8
7/16
1 1/4

1/2-5/8
7/16
1 1/4

1.00
1.00

1.00

1.00

Rate on Stock-exchange call loans: \J

i", .
1.00
1.00

Renewal

:

1.00

1.00

United States obiigations*
Rate on Treasury bills (31 days): 2/
N6Vi/
Yield
3 to
Yield
cver

1
.08
Issuc .............................i
.055
of tax-exempt Treasury notes,
i
;
5 years l/
i
.50
1
of Treasury bonds, 12 years and
i./ 3/ ..........a.........
1 2.00

110.2

>11
.065

.09
.086

.02
.000

.49

.48

,41

1.99
110.4

2:06
109.4

2.78
4.36

2.79
4.44

2.22
107.1

Average yield on corporate bonds; 5/
!
I

.83
4.35

2 .83
4.80

!
l/ Averaf,---s of daily figures.
Z/ Tqx-exempt bills prior to March 1, 1941; taxable bills thereafter.
J / Partially tax-exempt issues only.
4-/ Pric* z derived from yield figures on basis of a 2 3 /4 per cent, 16-year bond,
_5/
n of daily figures * ^vok ending Friday.




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