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0 E C 2 R19A&

BOARD OF GOVERNORS
OP 3%#
FEDERAL RESERVE SYSTEM

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R&.S AIR 062
December 28, 19U3
OPEN-tWlKET MO BEY RATES IN
YORK CITY
(Per cent per annum)
.'eokly
Dnc. 25, Doc. 13,
19U3
P r e v a i l i n g r a t e on:
Commercial paper (prime, It to 6 months). •
Bankers 1 acceptances (prime, 90 d a y s ) , . .
Time loans (Stock Excli&nge, 90 days) • . .
Rate on Stock-exchange c a l l loans: ly'

Monthly
Oct,
Tbv,
1910
19U3

5/8

3 A 5/8 - 3 A 5/3 - 3/4, 5/8 - 3 A
7/16
7/16
7/16
7/16
1 1/J4
1 l/U
1 lA
1 lA
1,00
1.00

1.00
1.00

1.00
1.00

1.00
1.00

United S t a t e s Government s e c u r i t i e s : l /
Rate on 3-month Treasury b i l l s , . T . . •
Yield on 9- to 12-month c e r t i f i c a t e s
of indebtedness
Yield on 3- tu 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 j . . . . . . . . .

.76
1.31

.77
1.31

.77
1.29

.78
1.31

1.86
2.3l|
112.3

1.87
2.3U
112.1

1.85
2.32
112.ii

1.81
2.30
113.0

Average y i e l d on high-grade corporate
bonds (Treasury s e r i e s ) iy% . . , , . . • .

2.6^

2.63

2.61

2.60

2.7U
3.81

2. 7h
3.83

2.71
3.83

2.70
3.82

.375

.375

,375

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

1 / Average of daily f i g u r e s . For Treasury b i l l s , average rate of
discount on issues o f f e r e d within p t . r i o i ,
2/^ Price derived from average y i e l d of p a r t i a l l y tax-exempt long-term
issues on b a s i s of a 2 3/b per cent 16-year bond,
2/ Averages of daily figures; weekly figures are for week ending Friday.