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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 902
December 5, 19U5

OPEN-MARKET MONEY RATES IN NE% YORK CITY
( P e r c e n t p e r annum)

Monthly, 19U5

Weekly, 1945
Nov. 3
P r e v a i l i n g r a t e onCommercial 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 l o a n s (Stock Exchange, 90 d a y s ) . . .
Rate on Stock exchange c a l l l o a n s : i f
New .
. . . . . .
Renewal

Yield 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 / .

.

V

Nov. 17

Nov. 2l|

Dec. 1

1

.375

1.17
1.1*8
I.60

1.00
1.00
.375

.8U
1.15
1.U3

l-.QO

.376

.ek

1.13

1.00
1.00
.375

.8h

U13

i.]+o

I.I4O

1-55
2.33

102.67

2.35
102.314

2.33

102.58

1.56
2.33
102.65

2.5u

2-55

2.55

2.61
3.17

2.62

2.62
3.15

I.58

1 iA

1 iA

1.00

Oct.

Nov.

1% %

Iff %

3/b

j *
1.00
1.00

Y i e l d s on U n i t e d S t a t e s Government s e c u r i t i e s l / .
B i l l s , J months . . . . . .
C e r t i f i c a t e s , 9 t o 12 months. . . . . . .
Notes, 3 to 5 years . . . . . . . . . . . . . .
7 to 9 years, taxable.
Bonds, 15 y e a r s anE o v e r , p a r t i a l l y t a x - e x e m p t .
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/

Nov. 10

1.00

1.00
1.00

1.00

.375

.375
.85

1.11+
1.40
1-53
2.33

.83
1-.17

I-.50

1.62

1 iA

1.00
I-.oo
.375
h j .8U
"l.Ht
li£

1.56

102.65

2.35

102.36

2.33
102.60

2.51+

2.5h

2.55

2.5U

2.61

2.61

2.62

2.62

1

Average y i e l d on c o r p o r a t e bonds (Moody s) • ^
Aaa
Baa
*
l/
2^
I)[
ij/

3.16

3.lit

Average of d a i l y f i g u r e s . For T r e a s u r y b i l l s , average 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 .
Average of t a x a b l e bonds due o r c a l l a b l e i n 15 y e a r s and o v e r .
Average of d a i l y f i g u r e s ; weekly f i g u r e s a r e f o r week ending F r i d a y .
Number of i s s u e s d e c r e a s e d from 3 t o 2 on November 1 .




3.20