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KSC'D I N f u s s s e c t i o n
BOARD OP GOVERNORS
OF THE

J UN -1- V.1942

FEDERAL RESERVE SYSTEM
R&SMR?82

June 16, I9U2

OPEN-MARKET MONEY RATES IN IJE7: YORK CITY
(Per cent per annum)
Weekly f i g u r e s
June 13,
19L2
P r e v a i l i n g r a t e on:
Commercial paper (prime, U t o 6 months)
Bankers 1 a c c e p t a n c e s (prime, 90 days) .
Time l o a n s (Stock Exchange, 90 d a y s ) . .
Rate on Stock-exchange c a l l l o a n s : if
Renewal

. . . . . .

. „

United S t a t e s s e c u r i t i e s : l /
Rate on 3-month t a x a b l e Treasury b i l l s
Yield on Treasury c e r t i f i c a t e s of
indebtedness (due November 1, I9U2) .
Yield on 3 to 5 year t a x a b l e Treasury
Yield on Treasury bonds, 12 y e a r s
and over:
Taxable bonds
Average y i e l d on high-grade c o r p o r a t e
bonds (Treasury s e r i e s ) l / , •
Average y i e l d on c o r p o r a t e bonds
(Moody's): 5 /

l/
2/
3/
hj
5/

5/8

l

3A
Vh

7/16

1.00
1.00

Monthly f i g u r e s

June 6 ,
1*2

6

J!

1.00
1.00

May
19U2

%

Apr i 1
10l|S

1 1/4

5/3
7/36
1 1/4

1.00
1.00

1.00
1.00

,365

.366

.364

.46

.47

.49

2 / .45

1.17

3 / 1.08

1,03

.98

1.94

1.94
2.32
111.1

1.97

2.32

2.35
110.7

1.98
2.34
110.5

2.76

2.76

2.76

2.77

2.86
4-33

2.85
>.31

2.85
It. 2 7

2.03
4.£*

111.1

.299

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 a of discount
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 .
Average f o r A p r i l 15 to $0,
On June 5 number of i s s u e s included increased from two t o t h r e e .
P r i c e derived from average y i e l d of p a r t i a l l y tax-exempt long-term
i s s u e s on b a s i s of a 2 3/4 por cent, 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 week ending F r i d a y .