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REC'D 1% FILES SECTION

MAY 2 0 194'z

BOARD OF GOVERNORS
OFThE
FEDERAL RESERVE SYSTEM

R&s m 778
m y 19, 1 ^ 2
OPEN-MARKET MOTEY RATES I N W f
( P e r c e n t per annum)

YORK CITY

V.'eekly f i g u r e s
May 16,
19^
P r e v a i l i n g r a t e on:
Commercial paper (prime, k t o 6 months)
Bankers' acceptances (prime, 90 days) .
Time loans (Stock Exchange, QQ d a y s ) . »
Rate on Stock-exchange c a l l l o a n s : l /

United S t a t e s s e c u r i t i e s : l /
Rate on 3-month t a x a b l e Treasury b i l l s .
Yield on Treasury c e r t i f i c a t e s of
indebtedness (duo November 1, I9J42). .
Yield on t a x a b l e Treasury n o t e s ,
Yield on Treasury bonds, 12 y e a r s
and over i
Taxable bonds .
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 (Treasury s e r i e s ) l /

5/1
7/16
1 i/U
1.00
1.0c

2/
3/
U/

Monthly f i g u r e s
April
19^

%

1 l/k

1.00
1.00

Mn.rnh
1942

1 1/1+
1.00
1.00

1.00
1.00

.365

.368

.1+9

.50

• 2 / .15

l.QU

l.oi.

.98

.93

1.99
2.36
lio.l.

1.98
2.37
110.5

1.98
2.31
110.5

2.00
2.35
110.2

2.76

2.76

2.77

2.80

2.85
1+.27

2.8l t
U..26

2.63
i+.26

2.86
It.30

Average y i e l d on c o r p o r a t e bonds
(Moody * s ) ; lj/

l/

May 9,
19U2

.299

.212

Averages of d a i l y f i g u r e s . For Treasury b i l l s , average r a t e of discount
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 to $0.
P r i c e derived from average y i e l d of p a r t i a l l y tax-exempt long-term i s s u e s
on b a s i s of a 2 3/U 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 c f o r week ending F r i d a y .