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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

R&S 7 MR 625
December 4, 1939

T.mEY RATES
(Per cent per annum)
1939
Nov,

Oct,

1938
Sept,

Nov,

O P E N - m R K E T RATES IN N E W YORK CITY
Prevailing rate on:
Conmerciel paper (prime, 4 to 6 months)...*
• Bankers' acceptances (prime, 90 days)
Time loans (Stock Exchange, 90 days)'
Rate oh Stock-exchange call loan?: l /
New

1/2-3/4
7/lG
1 1/4

1.00

5/8-3/4
7/l6
1 1/4

1.00

1.00
1.00

Average yield' on United States obligations:
Treasury bills (91 days)
Dealers' quotation \J
New issue
Treasury notes, 3-5 years l/
Treasury bonds, 12 years and over l / ......

.05
;oi8
:64
2.46

.05
.028
.77
2.60

Average yield on corporate bonds: l /
Aaa
Baa
. .

3.00
4.86

3.'15
4.88

I/

Averages of daily figures.




r . . . .

5/8-3/4
7/l6
1 1/4

'

5/8-3/4
7/l6
1 1/4

1.00
1.00

1.00
1.00

,14
.102
1.07
2.65

,04
.024
.71
2.5Q

3^25
5.00

3.10
5.23