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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

* 630'D 19 Pllgg

1

I

!

SEP 1

1343

R&S MR 8U5
August 31, 19U3
OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Per cent per annum)
Weekly
Aug. 28, Aug. 21,
19li3
19ii3
P r e v a i l i n g r a t e on:
Commercial paper (prime, U t o 6 months). • 5/8 - 3 A
Bankers' acceptances (prime, 90 d a y s ) . • •
7/16
Time loans (Stock Exchange, 90 days) . . . 1 iA
Rate on Stock-exchange c a l l l o a n s : if

United S t a t e s Government s e c u r i t i e s : if
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 3- t o 5 - y e a r Treasury notes • . .
Yield on Treasury bonds, 12 years
and over j
P a r t i a l l y tax-exempt 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 (Treasury s e r i e s ) i f . . . . . . . . .

1.00
1 T 00
.375

July
19U3

Monthly
June
19U3

5/6 - 3 A 5/8 - 3 A 5/8 - 3 A
7/16
1 iA
1,00
1.00
?37h

1.00
1.00
.31b

1.00
1.00
*3lh

.79
1,31

• 75
1.29

.68
1.30

• .70
1.32

1.83
2.28
112.7

1.83
2.28
112.7

1.82
2.27
112.9

I-85
2.29
112»U

2.58

2.58

2.58

2.63

2.69
3.82

2.69
3.81

2.69
3.81

2.72
3.88

Average y i e l d on c o r p o r a t e bonds
(Moody* s ) i 3 /

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/ P r i c e derived from average y i e l d of p a r t i a l l y tax-exempt long-term
i s s u e s on b a s i s of a 2
per cent l6-yoar 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 f o r week ending Friday#