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JUL 7 - 1 9 4 3

BOARD OF GOVERNORS
OF THE.
FEDERAL RESERVE SYSTEM

RfcS 1.IR 037
J u l y 6,

19U3

OPEN-MARKET MONEY RATES IN
YORK CITY
(Per cent per annum)
Weekly
June 26,
July 3,
19U3
19U3
Prevailing rate on:
Commercial paper (prime, U t o 6 months)• .
Bankers' acceptances (prime, $0 days). . •
Time loans (Stock Exchange, $0 days) . . .
Rate on Stock-exchange c a l l loans; if

United States Government s e c u r i t i e s ; if
Rate on )-month Treasury b i l l s . . , v . .
Yield on 9- to 12-month c e r t i f i c a t e s
Yield on 3- t o 5-year Treasury notes • . «
Yield on Treasury bonds, 12 years and over $

Average y i e l d on high-grade corporate
bonds (Treasury s e r i e s ) i f . . . .
Average y i e l d on corporate bonds (Moody*s)i3f

June
19J+3

Monthly
May
19U3

5/8 - 3 A 5/8 - 3/1+ 5/8 - 3A 5/8 - 3/1+
7/16
7/16
1 lA
11A
1.00
1.00
.375

1.00
1.00
.374

1.00
1.00

1.00
1.00
.373

.371+

.68
1.29

.67
1.32

.70
1.32

.78
1.36

1.81
2.27
113.0

1.83
2.28
112.7

1.85
2.29
112.lt

1.92
2.30
111.1+

2.61

2.62

2.63

2.65

2,71
3.66

2.72
3.88

2.72
3.88

2.74
3.91

1 / Averages of daily f i g u r e s . For Treasury b i l l s , average rate of
discount on i s s u e s offered within period#
2/ Price derived from average yield of p a r t i a l l y tax-exempt longterm i s s u e s on basis of a 2 ) / L per cent 16-yoar bond,
2 / Averages of daily figures? weekly figures are for week ending
Friday.