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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

i-.'i V i 9 1 2

R&s m 773
April Uj, 19l|2
OPEN-MARKET RATES IN BEv YORK CITY
(Per cent per annum)
Weekly f i g u r e s
Apr. 11,
w

Apr. It,
191+2

ip J!

P r e v a i l i n g r a t e on:
Commercial paper (prime, l\. t o 6 months)
Bankers' acceptances (prime, 90 days)
Time loans (Stock Exchange, 90 days)

1 iA

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

1.00
1.00

United S t a t e s s e c u r i t i e s : if
Rate on 3-month t a x a b l e Treasury b i l l s
Yield on Treasury n o t e s , 3 t o 5 y e a r s :

.201

Taxable n o t e s • • • « • • • • • •
Yield on Treasury bonds, 12 y e a r s
and o v e r :

• •

Taxable bonds • • • « • . . . . . .
P r i c e of Treasury bonds [4./

. •

797

Average y i e l d on high-grade c o r p o r a t e
bonds (Treasury s e r i e s ) l / . , . . . . .

1.00
1.00
2/

Monthly f i g u r e s
Feb.
19U2

Iter.
191+2

%

1 lA

6

,1

1.00
1.00

1.00
1.00

.26L

.212

.250

%

.a
.93

• lili
.93

1.97
2.52
110.7

1.97
2.33
110.7

2.00
2.35
110.2

2.09
2.39
108.9

2.77

2.78

2.80

2.80

2.03
U.2S

2.81.
k.26

2.86
U.30

2,85
In 29

Average y i e l d on c o r p o r a t e bonds
(Moody's): 5 /

1
1/
2/
3/
5/

Averages of d a i l y f i g u r e s . For Treasury b i l l s , average discount on
issues offerod within period,
72-day b i l l s ,
No tax-exempt notes o u t s t a n d i n g w i t h i n m a t u r i t y range.
Prices d e r i v e d from average y i e l d of p a r t i a l l y tax-exempt long-term
i s s u e s on b a s i s of a 2
pur cent, l6-yoar bond.
Averages of d a i l y f i g u r e s ; weekly f i g u r e s a r c f o r week e n d i n g ' F r i d a y .