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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
OPEN-MARKET MONEY RATES IN ME': YORK CITY
(Per c e n t per annum)

R&S MR 932
June 3 , I9U8
Monthly

w e e k l y , I9k8

be on:
paper ( p r i m e , 1* t o 6 months)
i n k e r s * ^acceptances (Prime, 9° days) .
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 Exchange c a l l l e a n s : l /
New . . •
Renewal *
Y i e l d s on U. S . Government s e c u r i t i e s :
B i l l s , 5 months . . . . . . . . . .
C e r t i f i c a t e s , 9 t o 12 m o n t h s . . . .
Taxable i s s u e s , 3 t o 5 y e a r s . . . .
Bonds, 7 t o 9 y e a r s , t a x a b l e . . . .
Bonds, 15 y e a r s and o v e r , t a x a b l e .
P r i c e o f T r e a s u r y bonds 2 /

V

Y i l j f r s on h i g h - g r a d e 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 ) 3 /
Aaa
Baa

Kay 1

Hay 8

May 15

!!ay 22

1 3/6
1 1/16

1 3/8
1 l/l6

3/fe

1 1/2

1 3/8
1 l/l6

1 1/2

1 1/2
1 1/2

1 l/2
1 1/2

$

1 1/2

.998

.998

.997

1.10

1.10

1.09

1;58
1.98

1.57
1.97

100.8^

100.85

1.54
1.93
2.43
IOO.99

2.76

2.75

2.73

2.77
3.if2

2.

3«44

l/l6
1/2

! ^ y 29

3/8
1/16

1/2

A p r . I9I48

May 19^8

3/8
1/16

3/8

1/2

1 1/^
1 1/&

.997
1.07
•1.47
I.85

V2
•997

1.08

•997

1.10

1.58
1.99
2.44

1.51

2.40
101.42

100.84

101.20

2.74

2.73

2.72

2.77

2.74

2.77
3.40

2.76
3.36

2.75
3.34

2.78

2.76
3.38

3 / Average o f d a i l y f i g u r e s ; w e e k l y f i g u r e s a r e f o r week e n d i n g F r i d a y ,




•997

1.09

1.47
1.84
2.39
101.53

3.47

l / Average o f d a i l y f i g u r e s . For T r e a s u r y b i l l s , a v e r a g e 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 / Average of t a x a b l e bonds d u e o r c a l l a b l e i n 15 y e a r s and o v e r .
.

GOVERNMENT FINANCE SECTION, BOARD OF GOVERNORS

l/l6
1/2

1.89

2.42