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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 707
March 18, 19Ul
OPEN-MARKET RATES IN NEW YORK CITY
(Per cent per annum)
March 15
19W.
P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 t o 6 months)
Bankers i acceptances (prime, 90 days ) .
Time loans (Stock Exchange, 90 days) . .
Rate on Stock-exchange c a l l l o a n s : \ J
New
Renewal
United S t a t e s o b l i g a t i o n s :
Rate on Treasury b i l l s (91 days): 2/
Dealers 1 q u o t a t i o n l /
T....
New i s s u e
.T
Yield of tax-exempt Treasury n o t e s ,
3 to 5 years l /
Yield of Treasury bonds, 12 years and
over l / 5 / . . . . . . . . . . . . . , .
.
P r i c e of Treasury bonds l / j / 4 /
Average y i e l d on c o r p o r a t e bonds: 5 /
Aaa . . . . . . . . . . . . . . . . . . . . . . . . . : . . . T . .
Baa
l/
%/
3/
%/
5/
%/

.

Week ending Saturday
March 8
Feb. 1$
19U1
19U1

1/2-5/8

1/2-5/8
7/16
1 i/k

1/2-5/8
7/16
1 i/U

1.00
1.00

1.00
1.00

1.00

1,00

.02

all
.117

.12
.120

.007

.50

.52

.60

2.00
110.2

2.05
109.5

2.11
108.7

2.78

2J6
U.Ul

2.78

4.39

b.ki

Averages of d a i l y f i g u r e s .
Tax-exempt b i l l s p r i o r to March 1, l?Ul; t a x a b l e b i l l s t h e r e a f t e r .
P a r t i a l l y tax-exempt i s s u e s o n l y ,
P r i c e s d e r i v e d from y i e l d f i g u r e s on b a s i s of a 2 3/I4. per c e n t , 16-year bond.
Averages of d a i l y f i g u r e s , week ending F r i d a y .
Negative r a t e .