View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

MA i 1 9 1 9 4 3
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&s m 8 3 0
m y 18, 19W
OPEN-MARKET MGKEY RATES IN
YORK CITY
(Per cent per annum)
Vreel<iy
May 15, May 8 ,
191+3
19U3
P r e v a i l i n g r a t e on:
Commercial paper (prime, U t o 6 m o n t h s ) . .
Bankers* a c c e p t a n c e s ( p r i m e , 90 d a y s ) . , .
Time l o a n s (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 3-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
Y i e l d on 3 - t o 5 - y o a r T r e a s u r y 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 :
P a r t i a l l y tax-exempt bonds . . . . .

Monthly
Mar.
Apr.
191+3
19U3

5/8 - 3/U 5/8 - 3/U 5/8 - 3/U 5/8 - 3 A
7/16
7/16
7/16
7/16
1 iA
1 lA
1 iA
1 lA
1.00
1.00
.373
.80
1.38

1.00
1.00
.372
.81*
1.39

1.00
1.00
.373

1.00
1.00
.373

.78
1.39

.75
; 1.33

1.96
2.31
110.8

2.02
2.32
109.9

2.08
2.33
109.1

2.65**

2.66

2.68

2,70

2.75
3.91

2.75
3.93

2,76
3.96

2.76
li.01

1.92
2.30
111.U

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
Average y i e l d on c o r p o r a t e bonds ( M o o d y 1 s ) : 3 /

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 / P r i c e d e r i v e d from average 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 3/L per c a n t l6-yr%r bond,
2 / Averages of d a i l y f i g u r e s ; weekly ft pur us nr., f o r wvuk ending F r i d a y .
*
H umber of i s s u e s i n c l u d e d in cram; vd from 1 t o 2 on May ) .
**
F i g u r e f o r week ended May 1 shown i n s t a t e m e n t of May 11 should be
changed t o 2 . 6 8 .