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' 0 W FTBBS SECTOK
DEC vS - 1 9 4 3
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

R&S m 859
D e c e m b e r 7> 19U3
OPEN-MARKET M O M ' RATES IN NEW YORK CITY
( P e r c e n t p e r annum)

Weekly
Dec. U* Nov. 27,
19U3
I9h3
Prevailing r a t e on:
Commercial paper (prime, U to 6 months). .
Bankers' acceptances (prime, 90 days).
Time loans (Stock Exchange, 9° days) . . .
Rate on Stock-exchange c a l l loans: l /

United States Government s e c u r i t i e s : 1[
Rate on $-month Treasury b i l l s
Yield on 9~ to 12-month c e r t i f i c a t e s
Yield on 3- to 5~y e a r Treasury notes . . •
Yield on Treasury bonds, 12 years
and over:

Average yield on high-grade corporate
Average yield on corporate bonds
(Moody1s)$ 3 /

Monthly
Oct.
Nov.
19U3
19U3

- 3 A 5/8 - 3 A
7/16
^ii iAAlA 5/8At- 3 A 5/81 7/16
iA
l iA
1.00
1.00
.375

1.00
1.00
.375

1.00
1.00

•1.00
1.00

.375

.375

.78
1.29

.75
1.29

1.86
2.3h
112.3

1.86
2.33
112.3

1.85
2.32
112.1+

1.81
2.30
113.0

2.62

2.61

2.61

2.60

2.7U
3.84

2.72
3.83

2.71
3.83

2.70
3.82

.78
1.31

.77*
1.29

l / Average of daily figures• For Treasury b i l l s , average r a t e of
discount on issues offered within period.
2/ Price derived from average yield of p a r t i a l l y tax-exempt longterm issues on basis of a 2 3/U per cent 16-year bond,
5 / Averages of daily f i g u r e s ; weekly figures are for week ending
Friday.
*
Number of issues included decreased from 3 to 2 on November 1.