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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Per cent p e r annum)

R&S MR 929
March 5 , 19U8
Monthly

' Weekly, 19^8
Jan • 31
v # e j e on*
Commercial
paper ( p r i m e , u t o 6 months) * 0
B a n k e r s 1 a c c e p t a n c e s ( p r i m e , 90 days) * * .
Time l o a n s (Stock Exchange, 90 days) • . .

R a t e on Stock Exchange c a l l l o a n s : l /
NeW
Renewal

Y i e l d s on h i g h - g r a d e c o r p o r a t e bonds
(Treasury s e r i e s ) j / *
Average y i e l d on c o r p o r a t e bonds (Moody 1 s) 3 /
Aaa • .
. . .
.
Baa . . . . . . . . . . . . .
9
l / Average of d a i l y f i g u r e s .

11,4-13/8
1 l/l6

1 1/2

. . .

Y i e l d s on U. S . Government s e c u r i t i e s - l /
B i l l s , 3 months • • • • •
C e r t i f i c a t e s , 9 t o 12 months • • . . •
Taxable i s s u e s , 3 t o 5 y e a r s *
. . .
Bonds, 7 t o 9 y e a r s , t a x a b l e
Bonds, 15 y e a r s and o v e r , t a x a b l e • • •
( & c e of T r e a s u r y bonds 2 /

Feb. 7

11/2
11/2
11/2

.990

1.10

1.6U
1.99

2.16

.99U
1.10
1.6U
1.98

2.U5

Feb.

\%
1 1/2

l/l
.996
1.10
1.6U
1.98
2.45
100.70

F e b . 21

%
1/2

Xh
.997

1.09

1.62

F e b . 28
1 3/8
1 I/16

1 1/2
1 1/2

1 1/2

.997

1.09

J a n , I9I4.8
1 i / 4 - i 3/8
1 1/16
1 1/2

3/8

l/l6
1/2

1 1/2
1 1/2
.977
1.09
I.63
1.97
2.45

.976

1.10

1.95
2.45
100.71

I.63
1.96
2.1+5
100.71

100.70

I.63
1.97
2.45
100.70

2.84

100.69

2.87

2.86

2.85

2.83

2.81

2.85

2.86

2.87
3.53

2.86

2.85

2.83

2.86

2.85

3.54

3«54

3.52

3.52

3.53

3.53

F o r T r e a s u r y b i l l s , a v e r a g e r a t e of d i s c o u n t on i s s u e s o f f e r e d w i t h i n p e r i o d ,

3 / Average 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 .
GOVERNMENT FINANCE SECTIOP, BOARD OF GOVEB'ORS

F e b . I9I4S

100.69

2 / Average o f t a x a b l e bonds due o r c a l l a b l e i n 15 y e a r s and o v e r .




lb