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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 777
m y 12, 1 * 2
OPEN-MARKET RATES IN TTETJ YORK CITY
(Per c e n t per annum)
Vfoekly f i g u r e s
May 9 ,
19^2
P r e v a i l i n g r a t e on:
Commercial paper (prime, U t o 6 months)
Bankers 1 a c c e p t a n c e s ( p r i m e , 90 days) .
Time loans (Stock Exchange, 90 d a y s ) . .
Rate on Stock-exchange c a l l l o a n s : "\J

United S t a t e s s e c u r i t i e s : l /
R a t e on $-month t a x a b l e Treasury b i l l s .
Y i e l d on Treasury 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 (due November 1, 19U2). .
Y i e l d on t a x a b l e Treasury n o t e s ,
Y i e l d on T r e a s u r y bonds, 12 y e a r s
and o v e r :

Average y i e l d on h i g h - g 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 ) I / '
Average y i e l d on c o r p o r a t e bonds
(Moody's): L\/
Aaa . . . . . . • . . . . . . . . . . .

i/

Apr,
19l|2

Mar.
191+2

5/8
7/16
1 lA

5/8
7/16
1 1/1+

5/8
7/16
1 lA

5/8
7/16
1 iA

1.00
l.oo

1.00
1.00

1.00
1.00

1.00
1.00

.368

.358

.50

.1+7

1.0U

.299

.212

. k 5

——

1.02

.98

.93

1.98
2.37
110.5

2.00
2.50
110.2

1.98
2.314
110.5

2.00
2.35
110.2

2.76

2.77

2.77

2.80

2.8U
U.26

2.81+
1.1.28

2.83
1+.26

2.86
1+.30

2/

Averages of d a i l y f i g u r e s . For Treasury 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 .
Average f o r A p r i l 15 t o JO,
P r i c c s 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 t a x - e x e m p t lo n g - te r m i s s u e s
on b a s i s of a 2 j/l*. p e r 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 arc* f o r weak ending F r i d a y .

Hi
V

May 2 ,
19U2

Monthly f i g u r e s