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REC'D IN FILES SECTION
MAY 2 - 1941
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S m 715
May 1, 1941
OPEU-MRKET RATES IN NEW YORK CITY
(Per cent p e r annum)

P r e v a i l i n g r a t e on:
Commercial paper ( p r i m e , 4 to 6 m o n t h s ) , . .
Bankers 1 a c c e p t a n c e s (prime, 90 d a y s ) . . . . .
Time l o a n s ( S t o c k Exchange, 90 d a y s ) . . . . . .
Rate on Stock-exchange c a l l l o a n s : l /
New . . . . . • . . . . . . . . . . . . . . . . . . . . . . .
Renewal

......

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 d a y s ) : 2 /
Dealers* q u o t a t i o n l / > . , .
Mew xssue , , . .
....... ....*.....
Y i e l d of tax-exempt T r e a s u r y n o t e s ,
3 to 5 years l / . . . . . . . . . . . . . . . . . . . . . . . . .
Y i e l d of T r e a s u r y bonds, 12 y e a r s and
over l / 3 /
P r i c e of T r e a s u r y bonds l / z / 4 /
Average y i e l d on c o r p o r a t e bonds: \J
Aaa
Baa . . . . . . . . . . . . . . . . . . . . . . . . . .
r/
l/
2/
Ty
4/

Apr,

1941
Mar .

Feb..

1940
Apr,

1/2-5/8
7/l 6
1 I/4

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

1/2-5/8
7/l6
1 1/4

1/2-5/8
7/l 6
1 1/4

1,00

1.00
1.00

1,00
1.00

1.00

.10

,092

;ii
,089

.04
.034

..02

,52

,50

.55

,45

1.96
110,8

2,01
110,1

2.10
108,8

2,25
106,7

2,82

r/2.80
4,38

2,78
4,42

2,82
4,74

4.34

Revised.
Averages of d a i l y f i g u r e s ,
Tax-exempt p r i o r t o March 1941; t a x a b l e t h e r e a f t e r .
P a r t i a l l y tax-exempt i s s u e s o n l y ,
P r i o 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 b o n d .




1.00
1.00

,003