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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&SMR662
J u l y 2, 1940
OPEN-MARKET RATES IN NEW YORK CITY
(Per cent per annum)
Week ending Saturday
June 29
1940

June 22
1940

June 1
1940

July 1
1939

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

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

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

1/2-6/8
7/l 6
1 1/4

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

1.00
1.00

1.00
1.00

1.00
1.00

1.00
1.00

Average y i e l d on United S t a t e s o b l i g a t i o n s :
Treasury b i l l s (91 dav^s)
Dealersf q u o t a t i o n ^ / . . . . . . .
New i s s u e . . . . . . . . . . . . . . . . . . ^ . . . . . . . . . . .
Treasury n o t e s , 3 t o 5 y e a r s V .
Treasury bonds, 12 y e a r s and o v e r * /

. 08
.024
.67
2.32

.ogi/
.046
.72
2.33

.10
.089
,83
2.48

.03
.014
.43
2.19

Average y i e l d on c o r p o r a t e bonds : £ /
Aaa . . . .
Baa

2.91
4.97

2.92
5. 09

3.04
5.22

2.91
4.92

P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 t o 6 months) . ,
Bankers f a c c e p t a n c e s ( p r i m e , 90 days) ,
Time loans (Stock Exchange, 90 days) . . . . .

_/ Averages of d a i l y f i g u r e s
2/
— Averages of d a i l y f i g u r e s , week ending F r i d a y
3/
— On Release R&S-MR-661, dated June 25, f i g u r e was i n c o r r e c t l y r e p o r t e d as .109
i n s t e a d of . 0 9 .