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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 666
J u l y 23, 1940
OPEN-MARKET RATES IN NEW YORK CITY
(Per cent per annum)
Week ending S a t u r d a y

P r e v a i l i n g r a t e on:
Ooicmercial paper (prime, 4 t o 6 months)
Bankers 1 acceptances (prime,90 days) , . .
Time loans (Stock Exchange, 90 days) . . .
Rate on Stock-exchange c a l l l o a n s : 1 /
New
. ....
Renewal .

J u l y 20
1940

July 13
1940

June 22
1940

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

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

1/2-5/8
7/l6
1 1/4

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 days)
Dealers f q u o t a t i o n \J
New i s s u e .»•«
»»••«.«••»•»•
Treasury n o t e s , 3 t o 5 years \ J . . . . . . . .
Treasury bonds, 12 years and over l / . . .

.56
2,29

.56
2.50

.09
.046
.72
2.33

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

2,87
4.77

2,88
4.82

2.92
5.09

l/
2/

•04

.006

Averages of d a i l y f i g u r e s ,
Averages of d a i l y f i g u r e s , week ending F r i d a y ,




#5

.008