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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 720
June 3 , 1941
OPEH-mRKET RATES IN

YORK CITY

( P e r c e n t per annum)
Week ending S a t u r d a y

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 5 m o n t h s ) . , .
Bankers ? 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 (Stock Exchange, 90 d a y s )
Rate on S t o c k - e x c h a n g e c a l l l o a n s : _1/
Renewal . . . . . . . . . . . . . . . . . . . . . .

....

....

.

May 31,
1941

May 2 4 ,
1941

May 3 ,
1941

June 1
1940

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

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

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

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

1.00
1.00

1.00
1.00

1.00
1.00

1.00
1.00

United S t a t e s o b l i g a t i o n s :
Rate on T r e a s u r y b i l l s (91 d a y s ) : Z j
New i s s u e
Y i e l d on t a x - e x e m p t T r e a s u r y 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 over 1 / 3 / . . . . . . . . . . . . . . . . . . . . . . . . .

.10
,107

.10
.069

.12
.096

.10
.089

.41

.41

.49

.83

1.90
111.7

1.94
111.1

1:91
111.5

2,48
133.5

2.82
4.33

2^82
4.32

2.81
4.32

3.04
, 5.22
:1

Average y i e l d on c o r p o r a t e bonds: 5 /

l/
2/
3/
4/
J5/

Averages 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 issues only,
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 ,




REC'D IN FILES SECTION

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

JtJN 4 -

1941

R&S MR 721
June 3, 1941
OPEN-MARKET RATES IN NEW YORK CITY
( P e r cent p e r annum)
1941 .

Rate on S t o c k - e x c h a n g e c a l l l o a n s : l /
New # . . . .
........
....
Renewal . . . . . . . . .
........
United S t a t e s o b l i g a t i o n s :
R a t e on T r e a s u r y b i l l s (91 d a y s ) : _2/
Dealers1 quotation l /
New i s s u e . . . . . . . . . . • . # . . . . . . # . « . « • • .
Y i e l d on t a x - e x e m p t T r e a s u r y n o t e s ,
3 to 5 years \ J .
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
over V 3 /
P r i c e of T r e a s u r y bonds \ J 3>/ 4 / . . . . . .
Average y i e l d on corporate bonds; l /
Aaa
. .%.....
Baa

r/
l/
2/
Z/

Apr.

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

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

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

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

1:00
1.00

1.00
1.00

1.00
1.00

88

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)
B a n k e r s 1 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 ) *.

1940

May

Mar.

.11
.082

.10
.092

.11
.089

.06
.042

.44

.52

.50

.65

1.92

1.96

2.01

2.38

111.4
2.SI
4.32

110.8

110.1

2.82
r/4.33

Revised.
Averages 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 p e r c e n t ,
16-year bond.




May

2.80
4.38

104.9

|

2.93
4.94