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FEDERAL RESERVE SYSTEM

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JAN 1 2 1940 K' •

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631
J a n u a r y 5 , 1940

MONEY RATES
( P e r c e n t per annum)
1939 .

1938

Dec.

Nov,

Oot,

1/2-5/8
7/16
11/4

1/2-3/4
7/l 6
II/4

5/8-3/4
7/l6
1 1/4

1.00
1.00

1.00
1,00

1,00
1,00

1,00
1,00

.04
.012
.51
2.35

,05
,018
,64
2.46

,05
.028
,77
2,60

.03
.007
,67
2,49

2.94
4,92

3.00
4.86

3,15
4,88

3.08
.5,27

Dec,

OPEN-MARKET RATES IN NEW YORK CITY
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 m o n t h s ) . . , . .
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 d a y s ) . . . . . . . .

5/8
7/l6
1 1/4

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

Average y i e l d on U n i t e d S t a t e s o b l i g a t i o n s $
T r e a s u r y b i l l s (91 d a y s )
Dealers1 quotation l /
...
New i s s u e . , . » . . » » • . . . . . . * . . . « . . • . . . . . . . . .
T r e a s u r y bonds, 12 y e a r s and o v e r
Average y i e l d on c o r p o r a t e bonds:
Baa
l/

A v e r a g e s of d a i l y f i g u r e s .




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