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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

R&S MR 898
August 1*, 19ii5

OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Per cent per annum)

*

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•

Rate on Stock exchange c a l l l o a n s - 1,/
1? €V»
i t *
•
»
•
Renewal
.
•
.
•
•«
*

•
»

•
•

Yiblds on U n i t e d S t a t e s Government s e c u r i t i e s : l /
B i l l s , 3 months,
.
.
.
*
C e r t i f i c a t e s , 9 t o 12 months
.
Notes, $ to 5 years
.
Bonds, 7 t o 9 y e a r s , t a x a b l e .
Bonds, 15 y e a r s ar.i o v e r , p a r t i a l l y tax-exempt
^ k d s , 15 y e a r s and o v e r , t a x a b l e
.
P i ^ K of T r e a s u r y bonds 2 j e
Y i e l d on high-crc.de c o r p o r a t e bonds
(Treasury s e r i e s ) l /
.
.
.

.

.

Average y i e l d on c o r p o r a t e bonds (Moody's): 3,/
Aaa •
.
•
•
•
•
•
• •
3 <19. •
•
•
•
•
•
•
•
*
1/
Zjf

, 19U5
J u l y 21 !I J u l y 28

Monthly, 191+5
July

July 7

J u l y II4.

1 iA

1 iA

$ 6
1 iA

1 iA

1 iA

7 %
i iA

7^6
1 iA

1.00
1.00

1.00
1.00

1.00
1.00

1.00
1.00

1.00
1.00

1.00
1.00

.375
.78
1.1I4
1.55
1.62
2.3i4
102.59

.-375
.80
1.17
1.53
1.63
2.54
102.53

.375
.82
1.19
l.ol
I.65
2.36
102.25

.375
.375
.81
.79
l.lii
1.1U
1.55
1.55
1.62
1.62
L / 2 . 5 U
2.3U
102.60 yT02.53

%

.575
.60
1.16
1.58
1.65
V
2.5U
V102.146




»375
.81
1.16
1.56
1.63
2.35
102.38

2.54

2.52

2. 52

2.52

2.5U

2.55

2.54

2.61
3-27

2.60
3.27

2.60
3.26

2.60
3.26

2.60
5-27

2.60
3.26

2.61
3.29

Average 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 , 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 .
i : \ e r \ge of t a x a b l e bonds due or c a l l a b l e i n 15 y e a r s raid o v e r .
Ay.rage 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 ending F r i d a y .
Number of i s s u e s i n c r e a s e d from 7 t o 8 on J u l y 1 .

June

June 30

H
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0 0

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 days)
Time l o a n s (Stock Exchange-, 90 days)
.

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