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REC'D IN FILES
JUN S B 194;

BOARD OP GOVERNORS

OF THE
FEDERAL RESERVE SYSTEM
R&S m

724

June 24, 1941
OPEN-MARKET RATES IN NEW YORK CITY
( P e r c e n t per annum)
VYeek ending S a t u r d a y

June 21,
1941
P r e v a i l i n g r a t e on:
Commercial paper ( p r i m e , 4 to 6 months)
R a n k e r s ! a c c e p t a n c e s ( p r i m e , 90 d a y s ) . .
Time l o a n s ( S t o c k Exchange, 90 d a y s ) . . .
R a t e on S t o c k - e x c h a n g e c a l l l o r n s : l /
N ew
........
Renewal

*.

United States obligations:
R s t e on T r e a s u r y b i l l s ( 9 1 d a y s ) : 2 j
Dealers' quotation l /
Ne-w i s s u e . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Y i e l d on T r e a s u r y n o t e s ,
3 to 5 y e a r s : ly
Tax-exempt n o t e s
Taxable n o t e s .
Y i e l d on T r e a s u r y b o n d s , 12 y e a r s
and ovf*r l / 3/
P r i c e of T r e a s u r y bonds \ J Z j 4 / . . . . . . . .
Average y i e l d on c o r p o r a t e bonds: 5 /
Aaa
Baa

1/
2/
3/
4/
"5/

1/2-5/3
7/lG
1

1/4

1.00

1.00

June 14,
1941

Tfay 24,

June 22
1940

1/2-5/8
7/16

1/2-5/8
7/16
1 1/4

1/2-5/8
7/16

1 .00
1.00

1 .00

1

1/4

1.00

1.00

1

1/4

1.00

.12
.066

.13
.103

.10
.069

.09
.046

.40
.68

.37
,67

.41

.72

1.94
111

1.89
111.8

1.94
111.1

.72
2.33

105.6

2,77

2,78

2,82

2.92

4,31

4.32

4.32

5.09

A v e r a r e s of d a i l y f i g u r e s .
Tax-exempt b i l l s p r i o r t o March 1941; t a x a b l e b i l l s t h e r e a f t e r .
P a r t i a l l y tax-exempt i s s u e s o n l y .
P r i c e s d e r i v e d from y i e l d f i g u r e s on b a s i s of a 2 3 / 4 per c e n t , 1 6 - y e a r b o n d .
Averages of d a i l y f i g u r e s , week ending F r i d a y ,