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£

RBC'D IH FILES SBCTI®

BOARD OF GOVERNORS
OF THE '
FEDERAL RESERVE SYSTEM
R&S MR 8I4.O
J u l y 27, %9W
OPEN-MARKET MONEY RATES IN NE77 YORK CITY
(Per c e n t per annum)
Weekly
J u l y ?l\.s J u l y 17,
1943
1943
P r e v a i l i n g r a t e on:
Commercial paper ( p r i m e , h, t o 6 months) • .
Bankers T 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 (Stock Exchange, 90 d a y s ) • . .

Monthly
May
Juno
1943
1943

5/8 - 3 A 5/8 - 3 A 5/8 - 3 A 5/8 - 3 A
7/16
1 1/4

At

At

At

1.00
1.00

1.00
1.00

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 /
1.00
1.00
U n i t e d S t a t e s Government s e c u r i t i e s : l /
R a t e on 3-month T r e a s u r y b i l l s
Y i e l d on 9~ t o 12-month c e r t i f i c a t e s

.371+

Taxable b o n d s . , . . . . , . , . . . .
Average y i e l d on h i g h - g r a d e c o r p o r a t e
bonds. ( T r e a s u r y s e r i e s )
l/ . . . . . . .

.

.375

.374

1.31

.69
1.32

.70
1.32

.78
1.36

1.83
2,26
112.7

1.81
2.27
113.0

1.85
2,29

1.92
2.30
111.4

2.56

2.58

2.63

2.65

2.69
3.80

2.69
3.81

2.72
3.88

2.74
3.91

• ( $

Y i e l d on 3 - t o 5 - y e a r T r e a s u r y n o t e s . .
Y i e l d on T r e a s u r y b o n d s , 12 y e a r s and
over:

•374

1.00
1.00

112.4

Average y i e l d on S o r p o r a t o bonds (Moody* s ) ; 3 /
Baa , . ,

l / Averages of 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 , average r a t e of
d i s c o u n t on 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 .
2 / P r i c e d e r i v e d from a v e r a g e y i e l d of p a r t i a l l y tax-exempt l o n g - t e r m
i s s u e s ~ o n b a s i s of a 2 3/U per c e n t l 6 - y u a r bond.
5 1 Averages of d a i l y f i g u r e s ; weekly f i g u r e s a r c f o r v:eck e n d i n g
Friday,.