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REC'D in f i l e s section

MAY 2 9 1940
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S m 656
May 28, 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 months) . . ,
Bankers 1 a c c e p t a n c e s (prime, 90 days) . . . .
Time loans (Stock Exchange, 90 days)
Rate on Stock-exchange c a l l loans:
New . . . . .
Renewal

May 25
1940

May 18
1940

Apr .27
1940

May 27
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

\J

1.00
1.00

1.00
1.00

1.00

.08

.06

.02

1.00

1.00
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 days)
Dealers1 quotation l /
New issuo •
Treasury n o t e s , 3 to 5 years 1 /
Treasury bonds, 12 years and over l / . . . . .

.067
.77
2,47

.032
.70
2,43

.007
.49
2.28

.03
.004
.40
2.13

Average y i e l d on c o r p o r a t e bonds;
Aaa
Baa

3.02
5.13

2,92
4,90

2.83
4.75

2,96
5.05

l/
2/

2/

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 .