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BOARD OF GOVERNORS
OP THE
FEDERAL RESERVE SYSTEM
R&S MR 657
June 4 , 1940
OPEN-MARKET RATES IN NEW YORK CITY
(Per cent per annum)
Week ending Saturday

P r e v a i l i n g r a t e ons
Commercial paper (prime, 4 to 6 months) . . ,
Bankers 1 a c c e p t a n c e s (prime, 90 days) . . . . .
Time loans ( s t o c k Exchange, 90 days) . . . . .
Rate on Stock-exchange c a l l l o a n s j
New
.
Renewal . . . . . . . . . . . . . .
Average y i e l d on United S t a t e s
Treasury b i l l s (91 days)
Dealers' quotation \ J
New i s s u e
^v.........
Treasury n o t e s , 3 t o 5 years
Treasury bonds, 12 years and

June 1
1940

May 25
1940

May 4
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

1.00

1.00

l/

1.00

1.00

1.00

obligations:
.....
l/ ...........
over 1 / . . . . . .

Average y i e l d on c o r p o r a t e bonds: 2 /
Aaa
Baa . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
l / Averages of d a i l y f i g u r e s .
15/ Averages of d a i l y f i g u r e s , week ending F r i d a y ,




1.00

.10

.08

.02
.008

.089
.83
2.48

.067
.77
2.47

.45
2.25

3.04
5.22

3.02
5.13

2.82
4*71

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 658
June 4, 1940
OPEN-MARKET RATES IN NEW YORK CITY
(Per cent per annum)
1940

P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 t o 6 months) . . . .
Bankers 1 acceptances (prime, 90 days) . . . . . .
Time loans (Stock Exchange, 90 days) . . . . . .
Rate on Stock-exchange c a l l loans* 1 J
New
.........
Average y i e l d on United S t a t e s o b l i g a t i o n s :
Treasury b i l l s (91 days)
Dealers 1 q u o t a t i o n JL/
.
New xssue
Treasury n o t e s , 3-5 years JL/
Average y i e l d on c o r p o r a t e bonds:

l / Averages of d a i l y f i g u r e s ,
Z j Rate negative




l/

••

1939

Apr.

Mar.

May

1/2-5/8
7/l6
1 1/4

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

1/2-5/8
7/16
11/4

1/2-5/8
7/l6
1 1/4

1.00
1.00

1.00
1,00

.06
.042
.65
2.38

.02
.003
,45
2,25

2.25

2.93
4.94

2,82
4,74

2,84
4.80

May

1.00
1.00

1.0c
1,00

.02

,

,03
.006
.42
2.17

2.97
5.07