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REC'D IN FILES SRC"!

BOARD OP GOVERNORS
OF TIB
FEDERAL RESERVE SYSTEK

t\r. '

'

R&s m 772
A p r i l 7, 1 * 2
OPEN-I/IARKET RATES IN m T YORK CITY
(Per c e n t p e r annum)
Weekly f i g u r e s
Apr. L,
1942
P r e v a i l i n g r a t e on:
Commercial paper ( p r i m e , If. t o 6 months)
Bankers T a c c e p t a n c e s (prime, 90 days). ,
Time l o a n s (Stock Exchange, $0 d a y s ) . •

$ 6
1 l/b

Mar. 28,
19lt2

%

1 iA

Monthly f i g u r e s
Mar.
19U2

%

1 iA

Feb.
19i)2

%

1 iA

R a t e on Stock-exchange c a l l l o a n s : l /

United S t a t e s s e c u r i t i e s : l /
Rate on 3-month t a x a b l e T r e a s u r y b i l l s .
Y i e l d on T r e a s u r y n o t e s , 3 t o 5 y e a r s :
Taxable n o t e s
Y i e l d on T r e a s u r y b o n d s , 12 y e a r s
and over
Taxable bonds
Average 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 ( T r e a s u r y s e r i e s ) l /

2/

1.00
1.00

1.00
•1.00.

.26k

3 / .221

% %

1.00
1.00

1.00
1.00

.212

.250

. a
.93

. a
.93

1.97
2,33
110.7

1.96
2.33
110.8

2.00
2.35
110.2

2.09
2.39
108.9

2.78

2.79

2.80

2.80

2.8J+
1+.26

2.85
U.29

2.86
U.30

2.85
U.29

Average y i e l d on c o r p o r a t e bonds
(Moody's). 6/

l/
2/
3/
Iy
.5/

Averages of d a i l y f i g u r e s . For T r e a s u r y b i l l s , a v e r a g e d i s c o u n t on
issues offered within period.
72-day b i l l s .
78-day b i l l s .
No t a x - e x e m p t n o t e s o u t s t a n d i n g w i t h i n m a t u r i t y r a n g e .
P r i c e s d e r i v e d from average y i e l d of p a r t i a l l y tax-exempt l o n g - t e r m
i s s u e s on b a s i s of a 2 3/1;. per c e n t , 1 6 - y e a r bond.
Averages of d a i l y f i g u r e s ; weekly f i g u r e s a r e f o r week e n d i n g F r i d a y ,