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BOARD OF GOVERNORS OF TOE FEDERAL RESERVE SYSTEM

R&s m 903
J a n u a r y 5 , 19U6

OPEN-KARKET MOEEY RATES IS NEW YORK CITY
( P e r c e n t p e r annum)
rw

Is
I " i d s r a t e on;
C o m m e r c i a l paper (prime, 4 t o 6 months)
. . „
Bankers1 a c c e p t a n c e s ( p r i m e , 90 days)
. . . .
Time l o a n s ( S t o c k E x c h a n g e , 9 0 d a y s ) . . . . .
R a t e on S t o c k e x c h a n g e c a l l l o a n s : l /
Eew
Renewal
Y i e l d s on U n i t e d S t a t e s Government s e c u r i t i e s l /
B i l l s , 3 months
C e r t i f i c a t e s , 9 t o 12 months . . . .
Botes, 3 t o 5 years
Bonds, 7 t o 9 y e a r s , t a x a b l e
B o n d s , 1 5 y e a r s and o v e r , p a r t i a l l y t a x - e x e m p t
B o n d s , 15 y e a r s and o v e r , t a x a b l e ' . . . . . .
p r i c e of T r e a s u r y bonds 2 /

M o n t h l y , 19u5

W e e k l y , 19h5
Dec. 1

Jt

6

1.00
1.00

.375

Dec, 8

D e c . 15

Dec, 22

%

3/U
7/16
1 l/U

1

1 iA

1.00
1.00

1»00

1.00
•jiy

.85
l.lit
l.W
1.-53
2-33
102.65

•8i+
1.13
1.38
1.51
2.32
102.77

Y e f c d on h i g h - g r a d e c o r p o r a t e b o n d s
^^reasury series) l / . . .

2.5U

2.56

A v e r a g e y i e l d on c o r p o r a t e b o n d s (Moody*s)j 3 /
Aaa
•
Baa

2.61
3.13

V

,375

.83
1.13
1.38
1.51
2.3U

%
l/k

1,00
1.00

.375
.83
5/1.18

t/l.ho
1/ --

Dec* 29

$6

1 l/u

1.00
1.00

.373
.84

Nov.

Dec*

1 1A

1 iA

%
1.00
1.00

1.00
1.00

.375
.84

1.18

1.14

1.37

V

.81
1.15
1.38
1-51
2.33

"2.32*
102.-57

102.8^

1.42
1.56
2.33
102.60

2.5U

2.53

2.52

2.54

2.54

2.62

2.62

2.62

3.11

2.61
3.09

2.60

3-12

3.07

3.15

2.6l
3.10

8/
8/102.55

2.32

,
8/

8/102^68

l / A v e r a g e o f d a i l y f i g u r e s . For T r e a s u r y b i l l s , a v e r a g e r a t e o f d i s c o u n t " o n 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 ,
Average o f t a x a b l e b o n d s due o r c a l l a b l e i n 1 5 y e a r s and o v e r .
3 [ / A v e r a g e o f d a i l y f i g u r e s ; w e e k l y f i g u r e s a r e f o r week e n d i n g F r i d a y .
Ij/^ number o f i s s u e s i n c r e a s e d f r o m 2 t o 3 on December 1 0 .
5 / B e g i n n i n g on December 15 i n c l u d e s o n l y T r e a s u r y b o n d s o f 1 9 5 0 .
B e g i n n i n g on December 15 i n c l u d e s T r e a s u r y b o n d s of J u n e 1 9 5 2 - 5 4 , June 1 9 5 2 - 5 5 , D e c . 1 9 5 2 - 5 4 , and March 195&~58.
7 / No p a r t i a l l y t a x - e x e m p t b o n d s due o r c a l l a b l e i n 15 y e a r s and- o v e r .
"E/ Mumber of i s s u e s i n c r e a s e d f r o m 8 t o 9 o n December 10*




.375