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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 663
J u l y 3, 1940
OPEN-MARKET RATES IN NEW YORK CITY
(Per cent per annual)
1939

1940
May

April

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

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

1.00
1.00

1.00
1.00

1.00
1.00

1.00
LOO

.10
.071
.76
2.39

.06
. 042
.65
2.38

.02
.003
,45
2.25

.03
.006
.39
2.13

2.95
5,11

2.93
4. 94

2.82
4. 74

2.92
4,91

J une
P r e v a i l i n g r a t e on:
Commerical paper (prime, 4 t o 6 months)
Bankers * acceptances (prime, 90 days)
Rate on Stock-exchange c a l l l o a n s : l Z

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 day^)
New i s s u e . , * # . . * * * * * , . * •># • • * • • * • • • • • ? * • »

Average y i e l d on c o r p o r a t e b o n d s i l /

Averages of d a l l y f i g u r e s




;

J une