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BOARD OP GOVERNORS
0PTfD3
FEDETLIL RESERVE SYSTEM

OPE:T-M/iRKET RATES IN

|
|

^

'

i';

1
R.'cS m 765
F e b r u a r y 1?, iyl\2

YORK CITY

(Per c e n t p e r annum)
Weekly f i g u r e s

P r e v a i l i n g r a t e on:
Commercial p a p e r ( p r i m e , ij. 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 y s ) . . .
Time l o a n s (Stock Exchange, 90 d a y s ) . . .

F e b . 11}.,
19I12

Fob. 7 ,
19i|2

5/8
7/16
1 i/u

5/8
7/16
1 iA

1.00
1.00

1.00
1.00

Monthly f i g u r e s
Jan.
191+2

Dec.
19U

1/2 - 5/8 1/2 - 5/0
7/16
7/16
1 i/U
1 lA

Rate on S t o c k - e x c h a n g e c a l l l o a n s 1 l /

United S t a t e s s e c u r i t i e s : l /
R a t e on 3-month t a x a b l e T r e a s u r y b i l l s . .
Y i e l d on T r e a s u r y n o t e s , $ t o 5 y e a r 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 :
P a r t i a l l y tax-exempt bonds. . . . . . .

1.00
1.00

1.00
1.00

.263

.250

.21U

A3
.93

-h5
•93

.1+7
.96

2.09
2.14.0
108.9

2.05
2.37
109.5

2.01
2.37
110.1

2.78

2.79

2,76

2.68

2.0i|
I>29

2.8U
4.28

2.83
4.29

2.80
1.33

.298
'

.6It
1.02

1.97
2.37 .
110.7

Average y i e l d on h i g h - g r a d e c o r p o r a t e bonds
Average y i e l d on c o r p o r a t e bonds
(Moody's): 3 /

l/
2/
3/

Averages 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 ^ a v e r a g 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 v/cek or month.
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 t a x - e x e m p t l o n g - t e r m
i s s u e s 011 b a s i s o f a 2 $ / L p e r c e n t , 1 6 - y e a r b o n d .
Averages of d a i l y f i g u r e s ; w e e k l y f i g u r e s a r c f o r r e e k e n d i n g F r i d a y ,