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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

[

*B0'D INrMQUBS # m * |
M A R 2 91944

R&S MR 875
March 28, I9I4U

OPEN-MARKET MONEY RATES IN NEIY YORK CITY
(Per cent per annum)
Weekly
Mar. 2 5 , Mar, 18,
19W4.
19I4I4
Prevailing rate on;
Corniercial paper (prime, U to 6 months). .
Bankers' acceptances (prime, 90 days). , ,
Time loans (Stock Exchange, 9 ° days) . . .
Rate on Stock-exchange call loans: \J

United States Government securities: \J
Rate on 3-month Treasury bills . . . . . .
Yield on 9 - to 12-month certificates
Yield on 5- to 5-year Treasury notes . . .
Yield on Treasury bonds, 12 years
and over; 2/

Average yield on high-grade corporate
Average yield on corporate bonds
(Moody1s): 3/
Aaa. . .

5 / 8 - 3A
7/16
1 iA
1.00
1.00

•375

Feb.
19U+

Monthly
Jan.
19U;

5/8 - 3 A 5/8 - 3 A 5/8 - 3 A
7/16
7/16
7
1 lA
1 iA

> /A

1.00
1.00

.375

1.00
1.00

.375

1.00
1.00
.371+

.80
1.39

.81
1.38*

.78
1.32

.78
1.30

2.63

2.61+

2.65

2.65

2.73
3.70

2.7U
3.71

2.7U
3.72

2.72
3.76

1/ Average of daily figures. For Treasury bills, average rate of
discount on issues offered within period.
2/ Effective March 15, 19W-W the yield averages on long-term Treasury
bonds, both taxable and partially tax-exempt, were revised to include all
bonds not due or callable for 15 years. The revised figures will be available at a later date.
3/ Averages of daily figures; weekly figures are for week ending
Friday.
*
Number of issues included increased from 1 to 2 on March 15#