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RfclC'D IN FILES SECTION

JUL 2

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

1941

R&S MR 729
J u l y 22, 1W41
OPEN-MARKET RATES IN NEW YORK CITY
(Per c e n t per annum)
Week ending S a t u r d a y
J u l y 19,
1941
P r e v a i l i n g r a t e on:
Commercial paper ( p r i m e , 4 to 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 ( S t o c k Exchange, 90 d a y s )

1/2
7/16
1 1/4

R a t e on S t o c k - e x c h a n g e c e l l l o a n s : \J
New.,.,.,.. . ... .. . . . . . . . . . . . . . . . . . .
Renewal............................

1.00
1.00

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 ) : 2/
Dealers1 quotation \ J
.....
New i s s u e . . . . • . • . . . . . . . • . . « # . . . # . • . . .
Y i e l d on T r e a s u r y n o t e s ,
3 t o 5 y e a r s : \J
Tax-exempt n o t e s .
Taxable n o t e s . . . . . . . . . . . . . . . . . . . . . . . .
Yield on T r e a s u r y bonds, 12 y e a r s
and over l / s /
P r i c e of T r e a s u r y bonds l / 3 / 4 /
Average y i e l d on c o r p o r a t e bonds: h j
Aaa .
Baa

J u l y 12,
1941

June 21,
1941

1/2
7/16
11/4

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

1.00
1.00

1.00
1.00

J u l y 20,
1940

1/2-5/8
7/16
1 1/4
1.00
1.00

.12
.098

.12

.097

.12
.066

,04
.006

.37
.66

.39
.38

.40
.68

.56

1.91
111.5

1.90
111 .7

1.94
111.1

2.29
106.1

2.74
4.28

2.74
4.29-

2.77
4.31

2,87
4.77

i
\J
2/
_3/
A/
5/

Averages of d a i l y f i g u r e s .
Tax-exempt b i l l s p r i o r t o March 1941; t a x a b l e b i l l s t h e r e a f t e r .
P a r t i a l l y tax-exempt i s s u e s o n l y .
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 bond.
Averages of d a i l y f i g u r e s , week e n d i n g F r i d c . y .