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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 649
A p r i l 16, 1940
OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Per c e n t per annum)
Week ending S a t u r d a y
Apr .13
1940
P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 to 6 months) . ,
Bankers 1 a c c e p t a n c e s ( p r i m e , 90 days) , , * *
Time l o a n s ( s t o c k Exchange, 90 days)
Rate on Stock-exchange c a l l l o a n s :

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

\J

1.00
1,00

Renewal . , . . . , , ,

1/2-5/8
7/16
1 1/4
1.00
1.00

Average y i e l d on United S t a t e s o b l i g a t i o n s :
Treasury b i l l s (91 days)
New xssuq , , , , • • • • • • • • • « » • • , * • • « • * • • • » • ,
Treasury b o n d s , 12 y e a r s and over \J
Average y i e l d on c o r p o r a t e bonds:

,

J2/

Baa
I/
2/
3/
4/

Averages of d a i l y f i g u r e s
Averages of d a i l y f i g u r e s , week ending F r i d a y
Rate n e g l i g i b l e
Rate n e g a t i v e




1/2-5/8
7/16
11/4
1.00
1.00

.02

1/2-5/8
7/16
11/4
1.00
1.00

2.24

1
2.20

%
2.24

.03
.023
.51
2.32

2,82
4.74

2.82
4.75

2.85
4.80

3.04
5.22

%