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•4 • n.:
v.- ;i

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

[BBO'D m FILES SBCTO*
JAN 1 81944

R&S MR 865
January 18, 1944
OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Per cent per annum)
Weekly
Jan. 15, Jan, 8 ,
1944
1944

Monthly
Dec .
Nov.
1943
1943

Prevailing rate on:
Commercial paper (prime, 4 to 6 months). . 5/9 - 3/4 5/8 - 3/4 5 / 8 - 3/4 5/8 - 3/4
Bankers' acceptances (prime, 90 days). .
7/16
7/16
7/15
7/16
Time loans (Stock Exchange, 90 days) . - . . 1 1/4
1 1/4
1 1/4
1 1/4
Rate on Stock-exchange call loans: l/

United States Government securities; l/
Rate on 3-month Treasury bills . . . . . .
Yield on 9- to 12-month certificates
of indebtedness
Yield on 3- to 5-year Treasury notes .• . .
Yield on Treasury bonds, 12 years
and overs
Partially tax-exempt bonds . .
Price of Treasury bonds 2/ . . . .
Average yield on high-/;rade corporate
bonds (Treasury series) l/. . . .
Average yield on corporate bonds
(Moody1s)$ 3/
Aaa. . .

1.00
1.00
.374

1.00
1.00
.374

1.00
1.00
.375

1.00
1,00
.375

.77
1,29

.76
1.29

.77
1.30

.77
1.29

1.86
2.34
112.3

1.86
2.33
112.3

1.86
2.34
112.3

1.85
2.32
112.4

2.63

2.64

2.63

2.61

2.71
3.78

2.73
2.80

2.74
3.82

2.71
3.83

l/ Average of dally figures. For Treasury bills, average rate of
discount on Issues offered within period.
2/ Price derived from average yield of partially tax-exempt long-term
issues on basis of a 2 c/4 per cent 16-year bond.
3/ Averages of daily figures; weekly figures are for week ending
Friday.