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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

w o

w r a m w m m j
K M i i 19,:"*

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R&S M fSS"""
Iterch 10, 19)4.2
OPEN-MARKET RATES !M NEVf YORK CITY
(Per cent per annum)
•Jeekly f i g u r e s
Mar. 7,
19l*2
P r e v a i l i n g r a t e on:
Commercial paper (prime, U t o 6 months)
Bankers' a c c e p t a n c e s (prime, 90 d a y s ) . .
Time l o a n s (Stock Exchange, 90 days) . .
Rate on Stock-exchange c a l l l o a n s : 1 /
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 ,
Y i e l d on T r e a s u r y n o t e s , 3 t o 5 y e a r s :
Taxablo n o t e s
. . . . . .
Y i e l d on T r e a s u r y bonds, 12 y e a r s
and o v e r :
P a r t i a l l y tax-exempt bonds. . . . . .

Average y i e l d 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 / . . ,

$
1 iA
1.00
1.00

Feb. 28,
W

Monthly f i g u r e s

% %

1 iA

1.00
1.00

Jan.
19U2

Feb.
w

1 iA

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

1.00
1.00

1.00
1.00

.229

.222

.250 :

A3
.93

Mi
•9h

•I4I4.
.93

2.05
2.38
109.5

2.10
2.38
108.8

2.09
2.39
108.9

2.01
2.37
110.1

2.80

2.81

2.80

2.76

2.87
U.30

2.86
1+.30

2.85
U.29

2.83
U. 29

.21I1
• Ml
.96

Average y i e l d on c o r p o r a t e bonds
(Moody's): 3 /

V
2/
5/

Averages of 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 . d i s c o u n t on
issues offered within period.
P r i c e s d e r i v e d from average y i e l d of p a r t i a l l y tax-exempt l o n g - t e r m
i s s u e s on b a s i s of a 2 3/U per c e n t , l 6 - y e u 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 ,