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"iic'D IB PILES SECTION |
MAY 1 2

1943

BOARD OF '"OVERVORS
OF THE
FED3RAL RESERVE SYSTEM
R::S i.B 029
May 11, 1 * 3
OPH'-IvIARKET. MOtrEY RATES IK F W YORK CITY
(Per cent per annum)
iVeekly
May 8,
May 1,
19J+3
19U3
P r e v a i l i n g r a t e on:
Commercial paper ( p r i m e ,
t o 6 months).
Bankers f a c c e p t a n c e s (prime, QQ d a y s ) . .
Time loans (Stock Exchange, 90 days) • .

'

Rate on Stock-exchange c a l l l o a n s : l /

United S t a t e s Government s e c u r i t i e s : \ J
Rate on $-month T r e a s u r y b i l l s .
Yield on 9~ t o 12-month c e r t i f i c a t e s
of i n d e b t e d n e s s . . . . .
YieJd on 3 - t o ^ - y e a r T r e a s u r y n o t e s . . .
Yield on T r e a s u r y bonds, 12 y e a r s and o v e r :
P a r t i a l l y t a x - e x e m p t bonds . . , . . . .

Average y i e l d on h i - r h - ^ r a d e c o r p o r a t e
bonds ( T r e a s u r y s e r i e s ) l / . . . . .

. .

.

Mon-t;hly
Mar.
Apr.
191+3
19U3

5/8 - 3 A 5/8 - 3 A 5/8 - 3 A 5/8 - 3 A
7/16
i % 6
1 3 ^
1 iA
1.00
1.00

.372
.01*
1.39

1.00
1.00
.373
.70
1.39

1.00
1.00

.373

1.00
1.00

.373

.78
1.39

.75
1.33

2.02
2.32

2.08
2.33
109.1

2.31
110.8

1.99
2.31
110.U

2,66

2.50

2.68

2.70

2.75
3.93

2.75
3.95

2.76
3.96

It. 01

1.96

109.9

Average y i e l d on c o r p o r a t e bonds (Moody1 s) =5/

2.76

l / Averages of d a i l y f i g u r e s . For 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 .
2 j P r i c e d e r i v e d from a v e r a g e y i e l d of p a r t i a l l y tax-exempt l o n g - t e r m
i s s u e s on b a s i s of a 2
per c e n t 16-year bond.
Averages 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 v;eek ending F r i d a y .
*
Number of i s s u e s i n c l u d e d i n c r e a s e d from 1 t o 2 on May




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