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6
M B W B J FILES SBOTXJH

MAR 1 51944
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 873
March lU, I9hh
OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Per cent per annum)
Weekly
Mar. 11, Mar. I4.,

I9hk

Prevailing rate on:
Commercial paper (prime, J4 to 6 months)
Bankers'* acceptances (prime, 90 days),
Time loans (Stock Exchange, 90 days) .
Rate on Stock-exchange call loans: l/
New. . . . . . . . . . . . . . . 7 , .
Renewal. . « « . , * .
United States Government securities: l/
Rate on 3-month Treasury bills , , 7 ,
Yield on 9~ to 12-month certificates
of indebtedness • . . . , . . . . . .
Yield on 3- to 5-year Treasury notes .
Yield on Treasury bonds, 12 years
and overs
Partially tax-exempt bonds
Taxable bonds, • . . • . . . . . . .
Price of Treasury bonds 2/ , , . . . .

5/8 -

I9hh

Monthly
Feb.
Jan.
19Ui
19LL

3/k 5/8 - 3 A 5/8 - 3A 5A - 3A

7/16

1 l/U

1.00
1.00

1.00

1.00

.375

.375

.79

.80*
1.33

1.33

2.32
113.2

1.60
2.32
113,2

Average yield on high-grade corporate
bonds (Treasury series) l/

2.65

Average yield on corporate bonds
(Moody1s):3/
Aaa. .
Baa.
. . . . . . . . .

2.7)4
3.71

1.80

7/16
1 lA

7/16
1 iA

1.00
1.00

1.00

.375
.78
1.32

l.fZh

1.00

.372:
• 78
1.30

1.86

2,32

2.3L
112.3

2.66

2.65

2.65

2.71+
3.72

2.7k

2.72
3.76

112.6

3.72

l/ Average of daily figures, For Treasury bills, average rate of
discount on issues offered within period,
2/ Price derived from average yield of partially tax-exempt long-term
issues on basis of a 2 3/L per cent 16-year bond,
3/ Averages of daily figures; weekly figures arc for week ending Friday.
Number of issues included decreased from 2 to 1 on March 1.