Full text of G.13 Selected Interest Rates : April 4, 1944

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n e b w rajss m m m
APR 5 -1944

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

R&S MR 8?6
A p r i l U, I9U4OPEN-MARKET MONEY RATES IN NEW YORK CITY
, (Per cent per annum)
Weekly
Apr. 1, Mar. 25,
19I44
1944
P r e v a i l i n g r a t e on:
Commercial paper (prime, I4. t o 6 months). .
Bankers-1 a c c e p t a n c e s (prime, 90 d a y s ) . . .
Time loans (Stock Exchange, 90 days) . . .

Monthly
Feb.
Mar.
1944
1944

5/8 - 3 / 4 5/8 - 3 A 5/8 - 3 A 5 / 3 - 5 / 4
7/16
7/16
7/16
1 1/4
1 iA
1 V4

.VA

Rate on Stock-exchange c a l l loans: l /
1.00
1.00
United S t a t e s Government s e c u r i t i e s : 1 /
Rate on 3-month Treasury 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-year Treasury n o t e s • • .
Y i e l d on Treasury bonds, 12 years
and over: 2/
Price of Treasury bonds 2 / . , . . . , , .

.375

1.00
1.00
.375

1.00
1.00

.375

.375

.80
1.39

.80
1.39

.80*
1.36**

,78
1.32

1.94
2.1+8

1-93
2.48

1.91
2.48

1.93
2.49

2.62

2.63

2.64

2.65

2.74
3.70

2.73
3.70

2.74
3.71

2.74
3..72

Average y i e l d on high-grade corporate
Average y i e l d on corporate bonds
(Moody's): 3 /
Aaa. . . •

1.00
1.00

l / Average of d a i l y f i g u r e s . For Treasury b i l l s , average r a t e of
d i s c o u n t on i s s u e s o f f e r e d w i t h i n p e r i o d .
2/
E f f e c t i v e March 15, 19Uli t h e y i e l d averages on long-term Treasury
bonds, both t a x a b l e and p a r t i a l l y tax-exempt, were r e v i s e d to i n c l u d e a l l bonds
not due or c a l l a b l e for 1R years*
]>/ Averages of d a i l y f i g u r e s ; weekly f i g u r e s are for week ending
Friday,
*
Number of i s s u e s included increased from 1 t o 2 on A p r i l 1.
**
Number of i s s u e s included i n c r e a s e d from 1 to 2 on March 15#