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I

R&g MR 906
A p r i l 5, 1 * 6

BOAKD OF GOVERNORS OF THE FED^R'L RESERVE SYSTEM

n

OFEF-MARKET FONEY FATES IN NEV YOP% CITY
( P e r c e n t p e r annum)

Mar. 2

P r e v a i l i n g r a t e on:
Commercial paper ( p r i m e , h t o 6 months)
B a n k e r s ' a c c e p t a n c e s ( p r i m e , 90 d i y s ) .
Time l o a n s ( S t o c k Exchange, 90 days) .

7/16

H H

i/b

l/
. .

.8 8

1

Rate on Stock Exchange c a l l l o a n s : l /
Hew
Renewal
Y i e l d s on U n i t e d S t a t e s Government s e c u r i t i e s
B i l l s , J months
C e r t i f i c a t e s , 9 t o 12 months
. .
^ f e t e s , J to 5 years
^ K n d s , 7 to 9 years, taxable . . . •
Bonds, 15 y e a r s and o v e r , t a x a b l e . . . . .
P r i c e of Treasury bonds 2/
. . . . . . . . .

Monthly

Weekly, 1 * 6

.375
.76
.99

. .
. .

1,28
2.10
106.25

Mar. 9

Mar. 16

%

3A

1.00
1.00

1.00
1.00

1 iA

1 lA

.375
.78
.97
1.28
2.10
106.35

Mar. 23

.375

.79
•97
1.27
2.09
106.1(9

Feb.

Mar. 30

% %

1 1A

1.00
'1.00

1.00
1.00

•575:
.80
•95 1.27
2.09
106.1+7

•375
.61
1,03
1.29
2.08
106.59

.

1 iA

1.00
1.00
•375

.76

Mar.

6

,B
1.00
1.00

.375
.79

1-03
1.28
2.12
106.03

.99
1.28
2.09
106.1+6

Y i e l d on h i g h - g r a d e c o r p o r a t e bonds
(Treasury series) l /

2.36

2.36

2.3ti

2.35

2,3b

2.36

2.35

Average y i e l d on c o r p o r a t e bonds (Moody's): j?/
Aaa
. . .
Baa

2.9k

2.1+8

2.1+8
2.9k

2.1+7
2.91+

2.1+7
2-95

2.1+6
2.95

2.1+8
2.95

2.1+7
2.9U

l/
3/

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 .
Average of t a x a b l e bonds due o r c a l l a b l e i n 15 y e a r s and o v e r .
Average 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 ending F r i d a y .