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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 654
May 14, 1940
OPEN-MARKET RATES IN NEW YORK CITY
(Per c e n t per annum)
Week ending S a t u r d a y

P r e v a i l i n g r a t e on:
Commercial paper (prime,. 4 t o 6 months ) , . .
Bankers' a c c e p t a n c e s ( p r i m e , 90 days) . . . .
Time l o a n s ( S t o c k Exchange, 90 days)

May 11
1940

May 4
1940

Apr.13
1940

May 13
1939

1/2-5/8
7/16
11/4

1/2-5/8
7/16
11/4

1/2-5/8
7/16
1 1/4

1/2-5/8
7/16
1 1/4

Rate on Stock-exchange c a l l l o a n s : 1 J
New ,
........
Renewal
.

1.00
1.00

i;oo
1.00

.03
.016
.48
2.28

• 02
.009
.45
2.25

2.82
4.68

2.82
4.71

1.00
1.00

i;oo
1.00

Average y i e l d on United S t a t e s o b l i g a t i o n s :
Treasury b i l l s (91 d a y s )
New i s s u e
Treasury bonds, 12 y e a r s and over \ J . . . . .
Average y i e l d on c o r p o r a t e bonds:

l/
2/
Zj

Zj

Averages of d a i l y f i g u r e s
Averages of d a i l y f i g u r e s , week ending F r i d a y
Rate n e g l i g i b l e




;

745
2.24

.03
.005
,45
2.17

2.82
4.74

2.98
5.08

.02