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BOARD OP GOVERNORS

REC*D IN PILES SEC""^'

OPTIIE
FEDERAL RE8ERVE SYSTE]^

uw

, i'-

R&s im 762
January 27, 19! 12
0PEH-1.^RKET RATES IN m : YORK CITY
(Per cent per annum)

Weekly f i g u r e s

P r e ^ a n l i n g r a t e on:
Ccmmivoial paper (prime, i.f. t o 6 months)
Bankers T a c c e p t a n c e s (prime, 90 r =ayc).
Time loans (Stock Exchange, 90 days % . .

1 iA

Rate on Stock-exchange c a l l l o a n s : l /
Uew
T. . ...
Renewal
.

h-* M

J a n . 2j(.

United S t a t e s s e c u r i t i e s : l /
Rate on 3-month t a x a b l e Treasury b i l l s .
Yield on T r e a s u r y n o t e s ,
3 to 5 y e a r s :
Tax-exempt n o t e s
Taxable n o t e s .
Yield on T r e a s u r y bonds,
12 y e a r s and o v e r :
P a r t i a l l y tax-exempt b o n d s . . *
Taxable bonds
P r i c e of Treasury bonds 2 /

§8

%

Morthly f i g u r e s

J a n . 17

IVil

I/2-5/8
7/16

19U1

1/2-5/0
1
•17 / i/k
/f

1 l/k
'

Nov.

' Pi* ^

1.00
1.00

1.00
1.00

1

:

1/2
7/16

l/k

1.00
1.00

.231

.196

.U6
•?U

,U6
.97

*61i
i ,02

.57
.90

2.01
2.37
110.1

2.00
2.38
110.2

1.97
2.37
110,7

1.85
2.22
112.1;

Average y i e l d on h i g h - g r a d e c o r p o r a t e
bonds (Treasury S e r i e s ) : \ J

2.78

2.75

2.68

2.57

Average y i e l d on c o r p o r a t e bonds
(Moody's): 3 /
Aaa*
Baa,. . .

2.83
1+.23

2.83
',.26

2.80
L38

2.72
I,.. 28

2/
3/

.298

'

i s 3 u e o f f e r e d w i t h i n week or month.
P r i c e s d e r i v e d from average y i e l d of p a r t i a l l y tax-exempt l o n g - t e r m
i s s u e s on b a s i s of a 2 3/^4 por c e n t , 16-year bond.
Averages of d a i l y f i g u r e s ; weekly f i g u r e s a r e f o r week ending F r i d a y .




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