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REC'D IN PILES
BOARD OF GOVERNORS
OP THE
FEDERAL RESERVE SYSTEM

HKC i 'i 134;

R&S MR 754
December 3 , 1941
OPm-MAJRKET RATES IN NEW YORK CITY
( P e r c e n t p e r annum)
Week ending S a t u r d a y

P r e v a i l i n g r a t e on:
Commercial paper ( p r i m e , 4 t o 6 months
B a n k e r s ' a c c e p t a n c e s ( p r i m e , 90 d a v s )
Time l o a n s ( S t o c k Exchange, 90 d a y s )
.

Nov. 29
1941

M ov . 8
1941

De c . 7
1940

l/2
7/1G
1 1/4

1/2
7/lG
1 1/4

1/2
7/16
1 1/4

I/2-5/S
7/1S
1 1/4

1 .00
1.00

1.00
1.00

! .00
1.00

!1 '

U n i t e d S t a t e s s e c u r i t i e s * \J
R a t e on T r e a s u r y b i l l s (31 d a y s ) : 2 /
New i s s u e
.
.
Y i e l d on T r e a s u r y n o t e s ,
3 to 5 years:
Tax-exempt n o t e s
Taxable n o t e s . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Y i e l d on T r e a s u r y b o n d s , 12 y e a r s
and o v e r :
Taxable bonds . . . . . . . . . . . . . . . . . .
P r i c e of T r e a s u r y bonds 3 / . . . . . . . . . . . . . . . . . .
Average y i e l d on h i g h - ^ r a d e c o r p o r a t e
bonds 1 / .

8 8

Rate on S t o c k - e x c h a n g e c a l l l o a n s ; l /
N ew..
.
Renewal

Dec . 0
1941

,30 i
.293 1

.30
.242

.61
.98

.60
• 94

1.87
2.27
112.1

1.95
2.23
112.4

.25
.200

.02
.001

|
j

.48
.85

.34

!
I

1.83
2.20
112.7

1.92
111.4

i
2.59

2,58

2.57

2.72
4.28

2.72
4.29

2.72
4.26

2.60

Average y i e l d on c o r p o r a t e bonds; 4 /
Baa

|

2.71
4.48

JL/ Averages of d a i l y f i g u r e s . For new i s s u e s of T r e a s u r y b i l l s , eve r a r e d i s c o u n t on
i s s u e o f f e r e d w i t h i n week.
Z j Tax-exempt b i l l s p r i o r t o March 1941; t a x a b l e b i l l s t h e r e a f t e r .
2 / P r i c e ' s d e r i v e d from a v e r a g e y i e l d of p a r t i a l l y tax-exempt long;-term i s s u e s on
b a s i s of a 2 3 / 4 per c e n t , 1 6 - y e a r b o n d .
4 / A v e r a g e s of d a i l y f i g u r e s , week e n d i n g F r i d a y .