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BOARD OF GOVERNORS
OFT1&
FEDERAL RESERVE SYSTEM

D IK TOES 3 B m d

AUG4

1943

R&s m 8Ll
August 3, 19^3
OPEN-mRKET MONEY RATES IN MT7 YORK CITY
(Per cent per annum)
Weekly
J u l y 31, July 2U,
19U3
19h3
Prevailing r a t e on:
Commercial paper (prime, U to 6 months).
Bankers1 acceptances (prime, 90 days)* .
Time loans (Stock Exchange, 90 days)
Rate on Stock-exchange c a l l loans: l /
New#
Renewal . « . .
. , . .
United States Government s e c u r i t i e s : l /
Rate on 3-month Treasury b i l l s . . . .
Yield on 9~ to 12-month c e r t i f i c a t e s
of indebtedness . «
.
Yield on $ - t o 5-year Treasury notes
Yield on Treasury bonds, 12 years and
over:
P a r t i a l l y tax-exempt bonds . . . . .
Taxable bonds. . . . . .
Price of Treasury bonds 2/ . • . . . .

Monthly
June
July
19U3
19J.I.3

5/8 - 3A 5/9 - 3 A 5/8 - 3 A 5/8 - 3/U

7/16

1 % '
1.00

1.00
• 37b
.60
1.31
1.83

2.28

112.7

1 lA

1.00
1.00

1.00

1,00
• 37U

1.00
1,00

,37L

. 37h

.68

,70
1.32

2.28

1.82
2.27
112.9

1.85
2,29
112.4

.69
1.31
1.83

112.7

I.30*

Average y i e l d on high-grade corporate
bonds (Treasury s e r i e s ) l / .

2.57

2.56

2.J

2.63

Average y i e l d on corporate bonds(Moody*s); 3 /
Aaa
Baa

2.69
3.60

2.69
3,80

2.69
3.81

2.72
3.OB"

or Treasury b i l l s ,
l / Average of d a i l y f i g u r e s ,
discount™on
b on i s s u e s offered w i t h i n period.
2 / Price derived from average y i e l d of p a r t i a l l y
i s s u e s on b a s i s of a 2 3 / h per cent 16-year bond.
3 / Averages of d a i l y f i g u r e s ; weekly f i g u r e s are
Friday.
*
Number of i s s u e s included decreased from 2 to
**
Number of i s s u e s included increased from 1 to




average r a t e of
tax-exempt long-term
for week ending
1 on July 1,
2 on July 12,