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RBC'D IN TOES 6BCTX0NI

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

f«/?t

81943

R&S MR 821
March l 6 , 19U3
OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Per cent per annum)
Weekly
Mar, 13, Mar. 6 ,
1*3
19U3
P r e v a i l i n g r a t e on:
Commercial paper (prime, U t o 6 months). .
Bankers* acceptances (prime, $0 d a y s ) . . ,
Time loans (Stock Exchange, $0 days) . . .
Rate on Stock-exchange c a l l l o a n s : l /

Yield on 3~ t o 5 ~ y e a r Treasury n o t e s . , .
Yield on Treasury bonds, 12 y e a r s and o v e r ;

7/l6
1 iA

1.00

.373
.75
1.25

19U3

Jan.

1943

1 ft6

1.00
1.00
.371
• 75
1.25

1 &

1.00
1.00

4

1.00
1.00

.367

.372

.76

.73
1.24

1.29

2.33

2.06
2.32
109.4

2.32
109.4

2.70

2.71

2.68

2.70

2.77
4.02

U.02

2.77

•' 2.77

2.79
4.16

2.07
2.34
109.2
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 / . . . . . . . . .

Monthly

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

1.00
United S t a t e s s e c u r i t i e s ? \ J
Rate on 3-month Treasury b i l l s . . . . . .
Yield on 9" t o 12-month c e r t i f i c a t e s

Feb.

2.06
109.U

2.06

Average y i e l d on c o r p o r a t e bonds (Moody* s) :_V
Baa. . . . . . . . . . . . .

ij .08

l l / Averages of d a i l y f i g u r e s . For Treasury b i l l s , average r a t e of
discount 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/ P r i c e 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 term i s s u e s on b a s i s of a 2 3/U per cent 16-year bond,
3/ Averages of d a i l y f i g u r e s ; weekly f i g u r e s are f o r week ending
Friday,