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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 770
March 2l+, 19U2
OPEN-IIARKET RATES IN IJE17 YORK CITY
(Per c e n t per annum)
VTeekly f i g u r e s

l / k

Jan.
19U2

3

5/8
7/16
1 iA

$ 6
1

Feb.
19U2

CO

P r e v a i l i n g r a t e on:
Commercial paper ( p r i m e , U t o 6 months)
Bankers f a c c e p t a n c e s ( p r i m e , 9 ° d a y s ) . .
Time l o a n s ( S t o c k Exchange, 90 d a y s ) • .

Mar. 14,
19lt2

ovn

Mar. 21,
19^2

Monthly f i g u r e s

R a t e on S t o c k - e x c h a n g e c a l l l o a n s : l /
1.00
1.00

1.00
1.00
United S t a t e s s e c u r i t i e s : \ J
R a t e on 5-month t a x a b l e T r e a s u r y b i l l s .
Y i e l d on T r e a s u r y n o t e s , 5 t o 5 y e a r s :
Taxable n o t e s . . . . . . . . . . . .
Y i e l d on T r e a s u r y b o n d s , 12 y e a r s
and o v e r :

2/.203

^ . 9 k

•

1.00
1.00

1.00
1.00

,195

.250

.211.1.

. a

. a
.93

.47

2.09
2.39
108.9

2.01
2.37
110.1

•9k

.96

2.00
2-.35
110.2

2.02
2.36
IO9.9

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
( T r e a s u r y s e r i e s ) 1/ . . • . . . . . . .

2.80

2.30

2.80

2.76

Average y i e l d on c o r p o r a t e bonds
(Moodyf s ) : 5 /
Aae
Baa

2.8?
ij.32

2.87
U.31

2.85
4.29

2.83
4.29

Taxable bonds
P r i c e of T r e a s u r y bonds U / . . . . . . .

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.
SJ-day b i l l s .
Mo t a x - e x e m p t n o t e s o u t s t a n d i n g w i t h i n m a t u r i t y r a n g e .
P r i c e s d e r i v e d f r o m a v e r a g e v i e I d of p a r t i a l l y t a x - e x e m p t l o n g - t e r m
i s s u e s on b a s i s of a 2 5/U per c e n t , 1 6 - y e a 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 e n d i n g F r i d a y .