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ZM FILES
/ i':j,

BOARD OF GOVE WO RE
OF THE
FEDERAL RESERVE SYSTEM

R&S MR 785
J u l y 7, 1942
OPEK-MARKET MONEY RATES IN KEV.' YORK CITY
( P e r c e n t p e r annum)
V.'eekly f i g u r e s
J u l y U, , June 27,
I9l|2
19J42
P r e v a i l i n g r a t e on:
Commercial paper ( p r i m e , 4 t o 6 months)
Bankers' a c c e p t a n c e s ( p r i m e 9 0 days)
Time loans (Stock Exchange, 90 days)
d a t e on Stock-exchange c a l l l o a n s : i f

Jnited States securities?
Rate on 3-month t a x a b l e T r e a s u r y b i l l s
Yield on T r e a s u r y c e r t i f i c a t e s of
indebtedness;
Due F e b r u a r y 1, I9U3
Y i e l d on 3 t o 5 y e a r t a x a b l e T r e a s u r y
Y i e l d on T r e a s u r y bonds, 12 y e a r s
and o v e r :
P r i c e of T r e a s u r y bonds 3 /
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 ) j /
Average y i e l d on c o r p o r a t e bonds
(Moody' s ) : h j

l/
3/
ij/

5/8 - 3/4

1.00
1.00
.365

Monthly f i g u r e s
June
1942

5/8 - 3 A 5/8 - 3/4
7/i6
1 l/4
ilft6
1.00
1.00
.360

1.00
1.00

May
19't2

%

1 l/h
1.00
1.00

.363

.364

.tilt
.61

' > 5
£/.6l

.1+6

.49

1.17

1.17

1.15

1.03

2 . CO
2.34
110.2

2.01
2.34
110.1

1.97
2.33
110.7

1.97
2.35
110.7

2.75

2.75

2.75

2.76

2.83
U.35

2.81+
4-34

2.65
4.33

2.85
4.27

Averages of d a i l y f i g u r e s . For T r c c 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 period»
a v e r a g e f o r June 25 t o June 2 ? .
P r i o c d e r i v e d from average 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 on b a s i s of a 2 3/U p e r c e n t , l 6 - y e a r bond.
Averages of d a i l y f i g u r e s ; weekly f i g u r e s a r e f o r r e e k ending F r i d a y .