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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S # 8 7 1
February 29, I9U4
OPEM-lvIARKET MONEY RATES I N NEW YORK CITY
(Per c e n t per annum)
Weekly
Feb. 26,
Feb. 19,
1914 r
l9Ul
P r e v a i l i n g ; r a t e on:
C o m m e r c i a l p a p e r ( p r i m e , l\. t o 6 m o n t h s ) . ,
B a n k e r s 1 a c c e p t a n c e s ( p r i m e , 9'0 c l a y s ) . • .
T i m e l o a n s ( S t o c k E x c h a n g e , ~)0 d a y s ) . • ,
Rate on S10ck-excbangu c a l l

loans:

5/5 - 3 A
7/16
1 l A

Monthly
Dec.
Jan,
191(1+
191+3

5/8 - 3/u 5/8 - 3/U 5/8 - 3/U

1 YA

X &

6

1/
1.00
1.00

United S t a t e s Government s e c u r i t i e s i l /
R a t e on J - m o n t h T r e a s u r y b i l l s
Y i e l d on 9~ t o 12-month c e r t i f i c a t e s
Y i e l d on 3 - t o ^ - y e a r T r e a s u r y n o t e s
Y i e l d o n T r e a s u r y b o n d s , 12 y e a r s
and over:

. . ,

1.00
1.00

.375

>375

.79
1.32.

.79*
1.32

1.00
1.00

1.00
1.00

•37U

.375

.78
1.30

.77
1.30

1.80
a. 32
113.2

1.83
2.32
112.7

1.86
2.3U
112.3

1.86
2.3U
112.3

2.61+

2.65

2.65

2.63

c.7U
3.73

2.7J4
3.72

2.72
3.76

2.7it
3.82

A v e r a g e y i e l d 011 h i g h - £ r a d o c o r p o r a t e
Average y i e l d on c o r p o r a t e bonds
(Moody's): 3 /

]%/ A v e r a g e o f d a i l y f i ^ u r ^ r .
For T r e a s u r y b i l l s , a v e r a g e r a t e of
d i s c o u n t on i ? r u t s o f f e r e d v i t h i n r e r l o d .
Price d f r i v e d from uv
f<> y i e l d o f p a r t i a l l y t a x - e x e m p t l o n g t c r m i s s u e s o n t.^cis o f 1 2 3/f r^r c e n t l u - y c a r b o n d .
3 / A v e r a g e s of d ^ i l y f i g u r e s ; weekly f'igurec an; f o r week ending
Friday,
*
Num.ber o f i s s u e s i n c l u d e d i n c r e a s e d f r o m 1 t o 2 o n F e b r u a r y 16*