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RSC'D IN FILES SECTION
J A N . U 1941

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S m 697
January 14, 1941
OPEN-MARKET RATES IN NEW YORK CITY
(Per cent per annum)
Week ending Saturday

Prevailing rate on:
Commercial paper (prime, 4 to 6 months) .
Bankers' acceptances (prime, 90 days) ...
Time loans (Stock Exchange, 90 days) ....
Rate on Stock-exchange call loans: \J
New ........
.
Renewal .

Jan. 11
1941

Jan, 4
1941

Dec. 14
1940

Jan. 13
1940

1/2-6/8
7/16
1 1/4

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

1/2-5/8

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

I
1.00
1.00

United States obligations:
Rate on Treasury bills (91 days);
!
.02
Dealers' quotation \J
New issue .
^43
Yield of Treasury notes, 3 to 5 years l/.
Yield of Treasury bonds, 12 years and
1.97
over ly/ ....
.
Price of Treasury bonds l/ 3/ .
110.7
Average yield on corporate bonds;
Aaa
Baa
l/
2/
3/
4/

7/16
11/4

2.75
, 4.41

1.00
1.00

1.00
1.00

1.00
1.00

.02

.02

.00

^0

^46

1.92
111.4

1.87
112.1
V

2.28
106.3

2.72
4.43

2,71
4 .45

2.87
4.83

Averages of dally figures.
Averages of daily figures, week ending Friday,
Prices derived from yield figures on basis of a 2 3/4 per cent, 16-year bond,
Negative rate.