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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 645
March 26, 1940
OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Per cent per annum)

Week ending Saturday

Prevailing rate on:
Commercial paper (prime, 4 to 6 months) *,
Bankers1 acceptances (prime* 90 days) ,
Time loans (Stock Exchange> 90 days) *, ,.
Rate on Stock-exchange call loans: l/
New ,...
.........
Renewal

.....

Mar .23
1940

Mar,16
1940

Feb.24
1940

Mar ,25
1939

1/2-5/8
7/16
11/4

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

1,00
1,00

.03
.003
.52
2.34
3.00
4.92

Average yield on United States obligations
Treasury bills (91 days)
Dealers1 quotation l/
New xssue . . . . . . . . . . . . .
Treasury notes, 3 to 5 years l/
Treasury bonds, 12 years and over \J . . . .

2.24

2.24

.02
.005
.46
2.32

Average yield on corporate bondsj
Aaa
Baa

2.84
4.80

2.85
4.80

2.85
4.82

2/

l/ Averages of daily figures
..2/ Averages of daily figures, week ending Friday
3/ Rate negative




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