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BOARD OP GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S m G95
J a n u a r y 4 , 1941
OPEN-mRKET RATES IN NEV/ YORK CITY
(Per c e n t per annum)

Dec,
P r e v a i l i n g r a t e on:
Commercial paper ( p r i m e , 4 t o 6 months)
B a n k e r s ' a c c e p t a n c e s ( p r i m e , 90 d a y s )
Time l o a n s (Stock Exchange, 90 days) ,

,

Y i e l d of T r e a s u r y n o t e s , 3 t o 5 y e a r s J . / , , .
Y i e l d of T r e a s u r y b o n d s , 12 y e a r s and

Oct,

1939
Dec.

1/2-5/8
7/10
1 l/i

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

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

1/2-5/8
7/l6
1 1/4

i;oo
1,00

1.00
1.00

i;oo
1.00

Rate on S t o c k - e x c h a n g e c a l l l o a n s : \ /

United S t a t e s o b l i g a t i o n s :
Rate on T r e a s u r y b i l l s (9.1 d a y s ) :
Dealers' Quotation l / , , , . «
.

M 0 v.,

.02
1/
.35

.02
r/,003
.34

.02

1*89
111,8

1..97
110.7

2.10
108.8

2.71
4.,45

2.75
4.48

2.79
4 >56

Average y i e l d on c o r p o r a t e b o n d s : l /

I/
2/
3/
*r/

i;oo
1.00

.04
,012
,51
2.35
105,3
1
|,
1j

2,94
4.92

Averages of d a i l y f i g u r e s , *
Rate n e g a t i v e .
P r i c e s d e r i v e d f r o m y i e l d f i g u r e s on b a s i s of a 2 3 / 4 per c e n t , 16-year b o n d ,
Revised.