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REC'D .IN FILES S E C

M..B 1 ij 1941

L_

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

R&S MR 703
February 18, 1941
OPEN-MARKET RATES IN HEW YORK CITY
(Per c e n t 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 months) . .
Bankers' acceptances (prime, 90 days) . . . .
Time loans (Stock Exchange, 90 days) , . . . .
Rate on Stock-exchange c a l l l o a n s ; l /
New
Renewal

Feb . 15
1941

Feb. 8
1941

Jan.- 18
1941

Feb. 17
1940

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

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

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

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

1.00

1.00
1.00

1.00

1.00

.02

.02

.02

Ysi

&

1.00

United S t a t e s o b l i g a t i o n s :
Rate on Treasury b i l l s (91 days):
.02
Dealers' quotation \ J
.007
New i s s u e
.60
Yield of Treasury n o t e s , 3 to 5 years l / . .
Yield of Treasury bonds, 12 years and
2.11
over l /
.
108,7
P r i c e of Treasury bonds \ J 3 / . . . .
Average y i e l d on c o r p o r a t e bonds:
Aaa
Baa
l/
2/
3/
4/
ยง/

2/

2.76
4.41

1.00

2.09
108.9
2.76
4.40

I
|

1.00

,006
,46

1.98
110,5

2.31
105.9

2.74
4.38

2.85
4.83

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 .
P r i c e s derived from y i e l d f i g u r e s on b a s i s of a 2 3/4 per c e n t , 16-year bond,
Negligible r a t e .
Negative r a t e .