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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&8 MR 877
A p r i l 11, I9I4I4.
OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Fer cent per annum)
Weekly
Apr. 1,
Apr. 8 ,
19I1I4
I9hh
P r e v a i l i n g r a t e on:
Commercial paper ( p r i m e , 1+ t o 6 months), .
Bankers f a c c e p t a n c e s ( p r i m e , 90 d a y s ) . • .
Time loans (Stock Exchange, $0 days) . . .

.5/8 - 3 A

Rate on Stock-exchange c a l l l o a n s : l /

United S t a t e s Government s e c u r i t i e s t l /
Rate on 3-month T r e a s u r y b i l l s
Y i e l d on 9 - t o 12-month c e r t i f i c a t e s
Y i e l d on 3 - t o 5 - y e a r T r e a s u r y n o t e s . . •
Y i e l d on T r e a s u r y bonds, 12 years
and over $
Taxable bonds

•

Average y i e l d on h i g h - g r a d e c o r p o r a t e
bonds ( T r e a s u r y s e r i e s ) l / . . . .

7/16
1 iA

1.00
1.00

.375
.80

5/8
•

-

Monthly
Feb.
Mar.
191UI.
1914

3 A 5/8 - 3 A 5/8 - 3 A

Aft

1.00
1.00
.375

A/a
•1.00
1.00
.375

1.00
1.00

.375

1.37

.80*
1.39

1.36**

.80

.78
1,32

1.93
2.148

1.9U
2.I48

1.91
2.1,8

1.93
2.149

2.61

2,62

2.6U

2.65

2.7U
3.70

2.7U
3.70

2.714
3.70r.

2.7U
3.72

Average y i e l d on c o r p o r a t e bonds
(Moody's): 2/

r . Revised,
l / Average of c a i l y f i g u r e s .
d i s c o u n t on i s s u e s o f f e i i
*hin p e r i o d .
2^ A v e r a g e
^ Ly f i g u r e s ;
Fri day.
*
Number of i s s u e s i n c l u d e d
**
Nwiber of i s s u e s i n c l u d e d




For T r e a s u r y b i l l s , a v e r a g e r a t e of
weekly f i g u r e s a r e f o r week ending
i n c r e a s e d from 1 t o 2 on A p r i l 1.
i n c r e a s e d from 1 t o 2 on March 1$.