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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 713
A p r i l 22, 1941
OPEN-MARKET RATES IN NEW YORK CITY
(Per cent per annum)

A p r . 19
1941

Week ending Saturday
Apr, 12
Mar. 22
Apr, 20
1941
1941
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 acceptances (prime, 90 days) .
Time loans (Stock Exchange, 90 days)

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

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

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

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

Rate on Stock-exchange c a l l loans; J . /
New . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . .
Renewa 1

1.00

1.00

1.00

1.00
1.00

United S t a t e s o b l i g a t i o n s ;
Rate on Treasury b i l l s (91 d a y s ) ; 2 j
D e a l e r s ' q u o t a t i o n JL/
.
New i s s u e . . . * # . . . . * . . » . . . . . # . » . # . . . .
Yield of tax-exempt Treasury n o t e s ,
3 to 5 years \J
...........
Yield of Treasury bonds, 12 years and
over l / s / .
, , . . . . .. . . . . . . . . . .
P r i c e of Treasury bonds l / 3 / 4 / . . . . . .
Average y i e l d on c o r p o r a t e bonds:
Aaa
.........
Baa
l/
js/
jy
4/
5/

..

1.00

1.00

1.00

,097

.10
.093

.065

.11

.02

.55

.54

,49

.48

2.01

1.99
110.4

2.27
106.4

2.92
4.34

2.78
4.3G

2.83
4,75

.11

1,97
110.7
2.83
4.35

110.1

.004

Averages of d a i l y f i g u r e s .
Tax-exempt b i l l s p r i o r to March 1941; t a x a b l e b i l l s t h e r e a f t e r ,
P a r t i a l l y tax-exempt i s s u e s o n l y ,
P r i c e s derived from y i e l d f i g u r e s on b a s i s of a 2 3/4 per c a n t , 16-year bond,
Averages of d a i l y f i g u r e s , week ending F r i d a y .