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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 670
August 13, 1940
OPEN-MARKET RATES IN NEW YORK CITY
( P e r c e n t per annum)
Week e n d i n g S a t u r d a y

P r e v a i l i n g r a t e on:
Commercial paper ( p r i m e , 4 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 a y s ) . , . . .
Time l o a n s (Stock Exchange, 90 d a y s )

Aug. 10
1940

Aug, 3
1940

J u l y 13
1940

Aug. 12
1939

1/2-5/8
7/l6
1 1/4

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

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

1/2-5/8
7/l6
1 1/4

1.00
1.00

IjOO
1.00

1 ;oo
1.00

i;oo
1.00

.04
.007
,59
2.25

.04
.004
.58
2,24

.05
,008
,56
2.30

.04
.032
.43
2,17

2,85
4,75

2.87
4,77

2.88
4.82

2,91
4,79

R a t e on S t o c k - e x c h a n g o c a l l l o a n s : 1 /
Renewal
Average y i e l d on U n i t e d S t a t e s o b l i g a t i o n s :
T r e a s u r y b i l l s (91 d a y s )
Dealers* q u o t a t i o n l /
New xssue
T r e a s u r y n o t e s , 3 t o 5 y e a r s \J ,
T r e a s u r y b o n d s , 12 y e a r s and over \J ,
Average y i e l d on c o r p o r a t e b o n d s : 2 /

\J Averages of d a i l y f i g u r e s ,
2 / Averagos of d a i l y f i g u r e s , week e n d i n g F r i d a y .