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BOARD OP GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 639
February 20, 1940
OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Per cent per annum)
Week ending Saturday
Feb. 17
1940

Feb, 10
1940

Jan. 20
1940

Feb, 18
1939

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

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

1/2-5/8
7/16
11/4

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

Rate on Stock-exchange call loans: \J
New
,
Renewal

1,00
1.00

1,00
1,00

1.00
1.00

1.00
1.00

Average yield on U. S, obligations:
Treasury bills (91 days)
Dealers' quotation \J
New issue
Treasury notes, 3 to 5 years \J
Treasury bonds, 12 years and over l/ .....

<02
.006
.46
2.31

,02
.005
.47
2.32

2.32

.03
.004
.63
2.43

2,85
4.83

2,87
4,84

2,88
4.88

3.00
5.05

Prevailing rate on:
Commercial paper (prime, 4 to 6 months).,.
Bankers1 acceptances (prime, 90 days) ...,
Time loans (Stock Exchange, 90 days) .

Average yield on corporate bonds: 2/
Baa

I/ Averages of daily figures,
2j Averages of d&ily figures, week ending Friday,
i/ Rate negligible.




.02

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