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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 638
February 13, 1940
OPEN-MARKET MONEY RATES IN NEW 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 m o n t h s ) . , .
Bankers* a c c e p t a n c e s (prime, 90 d a y s ) . . . . .
Time loans (Stock Exchange, 90 days) . . . . .
Rate oh Stock-exchange c a l l loanst l /
Mew
.............. *
Renewal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Average y i e l d on U. S v o b l i g a t i o n s ;
Treasury b i l l s (91 days)

Treasury bonds, 12 years and over l /
Average y i e l d on c o r p o r a t e bonds:
Baa . . . . . . . . . .
\J
j2/
Z/

2/

F e b . 10
1940

Feb. 3
1940

J a n . 13
1940

Feb. 11
1939

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

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

1/2-5/8
7/l 6
1 1/4

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

1.00
1.00

1.00
1,00

1.00
1.00

1.00

.02
.005
.47
2.32

.02

.00

.is
2.33

.i6
2.28

.03
.005
.64
2.44

2.87
4.84

2.87
4.85

2.87
4.83

3.00
5.07

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 ,
Rate n e g l i g i b l e .




1.00