Full text of G.13 Selected Interest Rates : December 2, 1948

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G. 13

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
OPEN-MARKET MOlvEY RATES IN NEW YORK CITY
(Per c e n t p e r annum)

R&S MR 938
December 2 , 1948
Monthly

Weekly, 1948
O c t , 30

|

!

Nov. 6

j Nov. 13

Nov. 20
-

j[ Nov^ 27
i

Oct.. 1948

•Nov* 1943

P r e v a i l i n g r a t e on:
Commercial p a p e r ( 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 d a y s ) »
Time l o a n s ( S t o c k Exchange, 90 d a y s )

1 l/2-l ^
1 l/2-l #
1 1 / 2 - i yk 1 1 / 2 - 1 5 / 8 1 1/2-1
1
1 3/16
1 3/16
1 3/16
//IS
13/16
1 1 / 2 - 1 # 1 l / 2 - l 3 / 4 1 l / 2 - l 5/4 I l / 2 - l 3/4 1 l / 2 - l #

Rate on S t o c k Exchange c a l l l o a n s : l /
New
Renewal .

1 l / 2 - l 5/4 1 1 / 2 - 1 9 4 1 l / 2 - l # 1 l / 2 - l 5/4 1 1 / 2 - 1 5 4
11/2-15/4 1 l/2-l ^
1 1 / 2 - 1 # 1 l / 2 - l y 4 1 1 / 2 - 1 3 / 4 1 1 / 2 - 1 ? % 1 l / 2 - l $ 4 1 1/2-1 3/4 1 1 / 2 - 1 5 4

Y i e l d s on U# S . Government s e c u r i t i e s : 1 /
s , 3 mont hs . . . . . * . . . .
C ^ p i f i c a t e s , 9 t o 12 months . «
Taxable i s s u e s , 3 t o 5 y e a r s . .
Bonds, 7 t o 9 y e a r s , t a x a b l e
, .
Bonds, 15 y e a r s and o v e r , t a x a b l e
P r i c e of T r e a s u r y bonds 2 / . . » .

1 1^15/8 11/2-1 ^
1 3/is
1 3^6
1 2/2-1 ^ 4 1 i / s - 1 3 4

1.129
1.23
1.72
2.08
2 .45
100.69

1,138
1.23
1.72
2.06
2.45
100.70

1.141
1.23
1.71
2.01
2.45
100.74

1.147
1.22
1.67
1.95
2.43
100.91

1.150
1.22
1.69
1.99
2.44
100.76

1.120
1.23
1.71
2.05
2.45
100.69

1.144
1.22
1.69
2.00
2.44
100.79

Y i e l d s 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 ) l / . . . . . . .

2.88

2.88

2.86

2.85

2.84

2.85

2.86

Average y i e l d on c o r p o r a t e bonds ( M o o d y ' s ) 3 /
Aaa. * » . , • . . • # « • . . . . • , • #
Baa. . . . . * . . . . .
«
. . . . .

2,86
3.52

2.87
3.53

2.86
3.53

2.83
3.54

2.81
3.53

2.84
3.50

2.84
3.53

1 / Average of d a i l y f i g u r e s . For T r e a s u r e t i l l s a v e r a g e 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 / Average of t a x a b l e bonds due o r c a l l a b l e i n j.5 y e a r s and over*
Zf Average of d a i l y f i g u r e s ; w e e k l y f i g u r e s a r e f o r week ending: F r i d a y *
GOVERNMENT FINANCE SECTION, BOARD OF GOVERNORS