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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYS TBI
R&S MR 708
March 25, 1941
OPEN-MARKET RATES IN NEW YORK CITY
(Per cent per annum)
Week ending Saturday

P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 to 6 months),
Bankers f acceptances (prime, 90 days) .
Time loans (Stock Exchange, 90 days)
Rate on Stock-exchange c a l l l o a n s :
New . . . . .
Renewal

\J

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 J
D e a l e r s ' q u o t a t i o n \J
New issue * « • • « • • • • * . * » • • .#••<•»
Yield of tax-exempt Treasury n o t e s ,
3 to 5 years J J
Yield of Treasury bonds, 12 years and
over _1/ z /
P r i c e of Treasury bonds l / 3 / 4 /
Average y i e l d on c o r p o r a t e bonds: _5/
Aaa . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Baa
JJ
2j
Zj
4/
5/
B/

Mar. 22
1941

Mar, 15
1941

F e b . 22
1941

1/2-5/8
7/16
1 1/4

1/2-5/8
7/16
1 1/4

1/2-5/8
7/16
1 1/4

1.00
1.00

1.00

1.00

1.00

1.00

.065

.11

,14
.117

;o3
#043

.49

.50

,59

1.99
j 110,4
2.78
4.36

2.00
110.2
2.78
4.39

2.12

108.5
2.79
4.46

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 Iferch 1, 1941; 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 is,sues 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 3/4 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 .