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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 655
May 21, 1940
OPEN-MARKET RATES IN NEW YORK CITY
(Per cent per annum)
Week ending Saturday

P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 t o 6 m o n t h s ) . . .
Bankers' acceptances ( 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 :
New
Renewal
,

Baa

1/
Z/

May 11
1940

Apr .20
1940

May 20
1939

1/2-5/8

7/16
1 1/4

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

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

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

1,00
1.00

1.00
1.00

1.00
1.00

x .00
1.00

.06
.032
.70
2.43

.03
.016
.48
2.28

.02
.004
.48
2.27

.03
.005
.40
2.14

2.92
4.90

2.82
4.68

2.83
4.75

2.96
5.08

\J

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 days)
Dealers 1 q u o t a t i o n l / . . . . . . . . . . . . . .
..
New i s s u e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ,
Treasury n o t e s , 3 to 5 y e a r s l /
Treasury bonds, 12 y e a r s and over JL/ . . . . .
Average y i e l d on c o r p o r a t e bonds:

May 18
1940

Zf

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 .