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P

HEC'D IN

IL,ES SEC" •'

:
BOARD OP GOVERTORS
OF THE
FEDERAL RESERVE SYSTEM

" 'L,,' . . .

L

,1
R&S ]\(R 753
J a n u a r y G, 1542

OPEr:-mRKE T RATES IN UE.V YORK CITY
(Per cent
- - '

•" '•

— -

p e r annum)

---

j

. •••. ,

•" i

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 1 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 ( S t o c k E x c h a n g e , 30 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

loens:

"eek e n d i n g S ' l t u r d n y
Jan. 3
1042

D e c . 27
1341

1/2-5/8

1/2-5/8

7/15
1 1/4

7/16
1 1/4

Don , 6
1241

Jan. 4
1H41

1/2

1/2-5/8

7/16
1 1/4

7/16
! 1/4

l/
:

United S t a t e s s e c u r i t i e s : l /
Ra-*e on 3 - m o n t h T r e a s u r e b i l l s 2 /
Yicl'j on T r e a s u r y n o t e s ,
•3 t o 5 y e a r s :
Tax-exemot n o t e s
Taxable notes
. . . . . . . . . . . . . . . . .
Y; r?Ld on T r e a s u r y b o n d s , 12 y e a r s
\rd over:
I - i r t i a l l v tax-exempt bonds
Taxable bonds . . . . . . . . . . . . . . . . . . . .
P r i c e of T r e a s u r y bonds 4 /

1

1
I
i

] # 00 1
1 .CO j

.304

1 e QQ
1.00

1.00

1.00

1

.310

| •:•• .•6••4:

1 00
1.00

y

.293

'

.58
1.02

I

:

1.04

'

.51
.99

/

.40
.69 '

1.
1
2.01
1
2.40
I 110.1

2,02
2 .41
103 .9

1 .87
2 .27
112.1

X. 1 . 9 2

2.52

2.58

2 .72
4.29

2.72
t .43

111.4

j

r

A" er-..''-e y i e l d on h i g h - g r a d e c o r p o r a t e
b on u s 1 / .
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 :
Ana
. .
Baa

2.72

2.74

2.8G
4.41

2.84
4.41

1

5/
1
i

i

JL/ A v e r a g e s of d a i l y f i g u r e s . F o r T r e a s u r y b i l l s , a v e r a g e -1 ircount on i s s u e
o f f e r e d within week,
_2/ B i l l s o f f e r e d i n w e e k s c r d i n g December 27 r.nd Jv.nuu.ry 3 v-'ere f o r p e r i o d s of
76 d a y s and 71 d a y s , . r e s p e c t i v e l y .
Tox-exempt b i l l s p r i o r to Varch 1941;
taxable bills thereafter .
Z/ Rate n e g a t i v e ,
4 / P r i c e s d e r i v e d f r n m o v e r a g e y i e l d of p a r t i a l l y t a x - e x e m p t l o n g - t e r m i s si e s on
b a s i s of a 2 3 / 4 p e r c e n t , lG-y%ar b o n d .
A v e r a g e s o f d a i l y f i g u r e s , week e n d i n g F r i d a y .