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4J:

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

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-'AN X t) 1 9 4 4

R&S MR 866
January 25,

19W+

OPEN-MARKET MONEY RATES IK NEV, YORK CITY
( P e r c e n t p e r annum)

Weekly
Jan. 22, Jan. 15,
19UU
19W4

Monthly
Nov,
Dec.
19U5
19U3

P r e v a i l i n g r a t e on:
Commercial paper (prime, It t o 6 months). , 5/8 - y u 5/8 - 3/U 5/8 - y u 5/8 Bankers* a c c e p t a n c e s (prime, 90 d a y s ) . • .
7/16
X}(
sot
Time l o a n s ( S t o c k Exchange, 90 days) , . .
1 l/U
Rate on Stock-exchange c a l l loans 1 l /
1.00

1.00
United S t a t e s Government s e c u r i t i e s * if
Hate on 3-month Treasury b i l l s
Y i e l d on 9W 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 5 - y e a r Treasury n o t e s • . .
Y i e l d on Treasury bonds, 12 years
and over:
P a r t i a l l y tax-exempt bonds

.37b
.78
1.31

1.86

2.3U

112.3

1,00
1.00
•37U
•77
1.29

1.86
2.JU

112.3

1.00
1.00

.375
.77

1:30

1.86

3/h

1.00
1.00
.375
.77
1.29
1.85

2.3k

2.32
112 .it

112.3

Average y i e l d on h i r h - g r a d e corporate

2.65

2.63

2.63

2.61

2.72
3.75

2.71

2.7U
3.82

2.71
3.83

Average y i e l d on corporate bonds
(Moody* s ) $ 3 /
?.7S

l / Average of d u l l y f i g u r e s . For Treasury b i l l s , average r a t e of
d i s c o u n t on i s s u e s o f f e r e d w i t h i n p e r i o d .
P r i c e d e r i v e d from avcr&frc y i e l d o f p a r t i a l l y tax-exempt lon&-torm
i s sue* a on b a s i s of a 2 3/U por c e n t 16-year bond,
3/
Averages o f d a i l y f i g u r e s ; weekly f i g u r e s are f o r week ending
Friday.