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4

' 0 IN rtXES SECTION j
A I ; ' i ii

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

• 1941

j

'
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j

R&S MR 732 .
August 5 , 1941
OPEN-MARKET RATES IN NEW YORK CITY
(Per c e n t per annum)
Week ending ; S a t u r d a y
August 2,
1941
P r e v a i l i n g r a t e on;
J
Commercial paper ( p r i m e , 4 t o 6 months)
Bankers* a c c e p t a n c e s ( p r i m e , 90 days)
]
Time loans (Stock Exchange, 90 days)
jI

I S

Rate on Stock-exchange c a l l l o a n s ; l /
ITew
Renewal
United S t a t e s o b l i g a t i o n s ?
Rate on Treasury b i l l s ( 9 1 d a y s ) : Z j
Dealers1 quotation l / . . . . . . . . . . . . . .
i'j ew i s s u e . . . . . . . . . » . . . . . . • « . . . . . . .
Yield on T r e a s u r y n o t e s ,
3 t o 5 y e a r s : 1/
Tax-exempt n o t e s
Taxable n o t e s
Y i e l d on Treasury bonds, 12 y e n r s
and over l /
Taxab10 bonds 3 / . . . . . . . . . . . . . . . . . . .
P r i c e of Treasury bonds l / 4 / . . . . . . . .
Average y i e l d on c o r p o r a t e bonds: 5 /
Baa
l/
_2/
3/
4/

...

1 1/4

1,00
1,00

J u l y 26.
1941

1

1/2
7/16
1/4
1.00
1.00

J u l y 5,
1941

August 3 ,
1940

1/2
7/16
1 1/4

1/2-5/6
7/lG
1 1/4

1.00
1,00

1.00
1.00

,12
.106

.12
.094

.10
.097

,33
.63

.35
.68

.38
.67

,59

1 .90
2.10
111.7

1 .DO
2.13
111.7

1 .90
2.18
111,7

2.24

2,74
4.27

2.74
4.27

2.75
4 . 30

.04
':,A:.004..:-

106.8
2.87
4,77

Averages of d a i l y f i g u r e s .
Tax-exempt b i l l s p r i o r t o Liar oh 1941; t a x a b l e b i l l s t h e r e a f t e r .
I n c l u d e s 1956-58 bonds o n l y .
P r i c e s d e r i v e d from y i e l d f i g u r e s of p a r t i a l l y tax-exempt i s s u e s on b a s i s of a
2 3/4 per c u r t , lu~ynnr v -ond.
h j Averc:(:os of da: ly f i g u r e s , week ending F r i d a y ,