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BOARD OF GOVERNORS
OP THE
FEDERAL RESERVE SYSTEM
R&S MR 694
December 31, 1940
OPEN-MARKET RATES IN NEVf YORK CITY
(Per cent per annum)
Week ending Saturday

P r e v a i l i n g r a t e on;
Commercial paper (prime, 4 to 6 months) . •
Bankers 1 acceptances (prime, 90 days)
Time loans (Stock Exchange, 90 days) . . . .
Rate on Stock-exchange c a l l loans: \J
New , ,
Renewal

Dec . 28
1940

Dec. 21
1940

Nov, 30
1940

1/2-5/8
7/16
1 1/4

1/2-5/8
7/16
1 1/4

1/2-5/8
7/16
1 1/4

1.00
1.00

1,00

1,00

1,00
1,00

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 (91 d a y s ) :
.02
D e a l e r s ' q u o t a t i o n \J
New issue
Yield of Treasury n o t e s , 3 to 5 years l / , ,
&
Yield of Treasury bonds, 12 years and
1.88
over I /
.....
112.0
P r i c e of Treasury bonds l / j3/ , , ,
Average yield on c o r p o r a t e bonds;
Aaa
Baa . .
l/
2/
3/
4/

Zj

.

2„72
4^45

.02
^7

.02

,002
,34

1 f 89
111.8

1,93
111,2

2,71
4,44

2,73
4,47

Averages of d a i l y f i g u r e s ,
Averages of d a i l y f i g u r e s , week ending F r i d a y .
P r i c e s derived from y i e l d f i g u r e s on b a s i s of a 2 3/4 per c e n t , 16-year bond.
Negative r a t e .