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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 664
July 9, 1940
OPEN-MARKET RATES IN NEW YORK CITY
(Per cent per annum)
Week ending Saturday

P r e v a i l i n g rate on:
Commercial paper (prime, 4 t o 6 months)..
Bankers' acceptances (prime, 90 d a y s ) . .
Time loans (Stock Exchange, 90 d a y s ) . . . . .

July 6
1940

June 29
1940

June 8
1940

July 8
1939

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

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

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

, 1/2-5/8
7/l 6
1 1/4

1.00
1.00

1.00
1.00

1.00
1.00

1.00
1. 00

. 08
,017
,61
2. 29

.08
,024
.67
2.32

,11
.118
.84
2.49

.03
.012
.47
2.18

2.88
4.90

2.91
4.97

3. 03
5.22

2.90
4. 92

Rate on Stock-exchange c a l l loans

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)
New i s sue , . * •. . . . . . . . . . •••«•/*.•• . • • • • . .
Treasury bonds, 12 vears and o v e r * / , . . . . .
Average y i e l d on corporate bonds :-E/

- / 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 Friday