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BOARD OF GOVERNORS
OP THE
FEDERAL RESERVE SYSTEM

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raws

JUNJ.

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1943

R&S MR 832
June 1, 19U3
OPEK-MARKET MOITY RATES IK tSTi YORK CITY
(Per cent per annum)
Weekly
May 29,
May 2 2 ,
1*3
1?U3
Prevailing r a t e on:
Commercial paper (prime, I4 t o 6 months) . . 5 / 8 - 3/U
Bankers' a c c e p t a n c e s (prime, 9 ° days) . . .

United S t a t e s Government s e c u r i t i e s : i f
Rate on 3-month Treasury b i l l s
Yield on 9" t o 12-month c e r t i f i c a t e s
Yield on 3 - t o $ - y e a r Treasury n o t e s . . •
Y i e l d on Treasury bonds, 12 y e a r s and o v e r :
P a r t i a l l y tax-exempt bonds . . . . . . .

•37U
.7U
1.33

Monthly
Apr.

19U3

19U3

5 / 8 - 3 / U 5/Q - 3 / U 5/& - 3 / U
7/16
1 l/U
.
i # 6

Rate on Stock-exchange c a l l loans : i f
1.00
1.00

May

1.00
1.00

.373
,77
1.3U

1.88

1.90

2.29
112.0

2.30
111.7

1.00
1.00

1.00
1.00

.373

.373

.78
1.39

.78

1.36
1.92
2.30
111.U

2.32
109.9

2.02

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
2.65

2.65

2.65

2.68

2.7U
3-90

2.7U
3.91

2.76

2.76

3.96

U.01

Average y i e l d on c o r p o r a t e bonds ( M o o d y ' s ) ; 3 /

l / Averages of d a i l y f i g u r e s . For Treasury 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 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 or: b a s i s of a 2 3/U pvr cent 16-year bond,
3 / 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 week ending F r i d a y .