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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 710
April 2, 1941
OPEN-MARKET RATES IN NEW YORK CITY
(Per cent per annum)
1941
Mar.
Prevailing rate on;
Commercial paper (prime, 4 to 6 months) ...
Bankers1 acceptances (prime, 90 days) ....
Rate on Stock-exchange call loans: l/

Feb.

Jan.

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

1.00
1.00

United States obligations!
Rate on Treasury bills (91 days): 2/
,11
.04
Dealers! quotation l/
.034
Ne*w is sue ..,«.(..... • • * . . * ... . . .. .. •.»• ,089
••*
Yield of tax-exempt Treasury notes,
.55
• ••• • * # « « • . » • • • • • • ,50
3 to 5 ye a r s
Yield of Treasury bonds, 12 years and
2.01
0v0r l/ 3/
2.10
110.1
108.8
Average yield nn corporate bonds: \J

1940

2.79
4.38

2.78
4.42

1.00
1.00

.02

y

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

.02

y

.43

.42

1.99
110.4

2.25
106.7

2.75
4.38

2.84
4.80

l/ Averages of daily figures .
2/Tax-exempt prior to March 1941; taxable thereafter ,
3 / Partially tax-exempt issues only,
"4/ Prices derived from yield figures on br. sis of a 2 3/4 per cent,
""
16-year bond .
b/ Rate negative .




Mar.