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D m FILES
J 41943

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

Ri:S :IR 812
January 12, 19W
OPEN-ivIARKET HOTTCY RATES IN 1^7 YORK CITY
(Per cent per annum)
V.'eekly
Jan. 2
Jan. 9,
1QW
19W
P r e v a i l i n g r a t e on:
ConLnarcial paper (prime, 4 to 6 months)
Bankers 1 acceptances (prime, c)0 days) .
Tine loans (Stock Exchange, 90 days). .
Rate on Stock-exchange c a l l l o a n s : l /
New • . . . . . , . . . • • . • . • • •
Renev-al . . . . . . . . . . . . . . . .
United S t a t e s s e c u r i t i e s : 1^/
Rate on 3-month Treasury b i l l s . , . .
Yield on 9~ t o 12-month c e r t i f i c a t e s
of indebtedness
Yield on 3- t o 5-year Treasury n o t e s ,
Yield on Treasury bonds, 12 years
and over:
P a r t i a l l y tax-exemnt bonds. . . . .
Taxable bonds
.
Price of Treasury bonds 2 j
Average y i e l d on high-grade corporate
bonds (Treasury s e r i e s ) l /
Average y i e l d on corporate bonds
(Moody's): 5 /
Aaa
Baa

.
.
.
.
.

5/8

-

5/b 5A - 3 A

7/16

1 1/h

1.00
1.00
otv>

.80

7/16

1 1/h

1.00
1.00
.357

.81

1.33

1.39

2.07

2.08

2.32

109.2

.

2.81

h.25

2.35

109.1

Dec.
19^
5/G

-

vbhly
Nov.
19L2

3 A

7/16

1 iA

1.00
1.00

3/e - 3A
7/16
1 iA
1.00
1.00

.363

.80*
1.31,'.**

2.09
2.36
106.9

-»72

2.72

2.81
h.2b

2.01
I4.2O

.371

.80
1.28

2.06

2.31;
109.U
,71

2.79

L.25

* Number of i s s u e s Included increased from 1 t o 2 on December 21$
** Number of i s s u e s included decreased from 3 t o 2 on December
1/' Averages of d a i l y f i g u r e s . For Treasury b i l l s , average r a t e
of discount on issues o f f e r e d v d t h i n p e r i o d .
2^ Price derived from average y i e l d of p a r t i a l l y tax-exempt 1oneterm issues on b a s i s of a 2 3/L par c e n t , 16-year bond.
3/ Averages of d a i l y f i g u r e s ; weekly f i ^ u r e s are for week ending.
Friday.