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z ^ y

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

R&S MR 896
M&y. 3 , I9U5

OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Per cent per annum)
T

:

Mar. 31

Prevailing; r i t e on:
Coffl^r^Ts^ 4 paper (prime, 4 t o 6 months).
Bankers 1 acceptances (prime, 90 d a y s ) . .
Time loans (Stock Exchange, 90 days) . .

5/h

7/16

1 iA

Rate on Stock exchange c a l l l o a n s : l /
New. . . . .
. . .*
Renewal. . . . . . . #

1-00
1.00

Yields on United S t a t e s Government s e c u r i t i e s : l /
3-month Treasury b i l l s . . . . . . . .
t o 12-month c e r t i f i c a t e s of indebtedness*
ยง t o 5-year Treasury n o t e s . .
. . . . . .
m r t i a l l y tax-exempt bonds, 15 years and over
Taxable bonds, J to 9 y e a r s . . . . . . .
*
Taxable bonds, 15 years and over . . . . . .
Price of Treasury bonds 2 / . . . .
.
. . .

.376
.76
1.17
1.71
1.69
2.39

Average yield on high-grade corporate bonds
(Treasury s e r i e s ) l / . . . . . e

101.62

Weekly, 194$
4 F ' 7 Apr. 1U' Apr. 21

3/U

7/16
1 iA
1.00
1.00
.375
.75
V
' 1.15
1.70
1.65
2.39
101.65

3A
7/16

3A
7/16

1 iA

1 iA

1.00
1.00

1.00
1..00

.375

.375

.78
l.lit1.67
1.61

Apr. 28
?A
7/16
1 iA
1.00
1.00
-375
.79
i.A
1.68

Monthly^ 1945
Mar,
Apr.

3/U
7/16

7/16

l iA

1 iA

1.00
1^00

1.00
1.00

.375
.77

.375
.78
1.18
1.70
1.70

.76
1.15
1.68
1.62
2.38
101.79

2.1+0

101.61

2.39
101.67

101.66

101.56
2.51

1.60

1.H+
1.68

1.62

2.50

2.U9

2.14-9

2.1+9

2A9

2.1+9

Average y i e l d on corporate bonds (Moody*s): 3 /
Aaa, . . . . . . . . . . .
Baa.
.

2.60
3-38

2.61

2.61
3-36

2.61

2.61
3.35

2.61

3.36

2.1*0

2.39

.

3-38

3A

3.36

r

2.62

3.38

r Revised.
1 / Average 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 within p e r i o d .
2 / Average of t a x a b l e bonds due or c a l l a b l e in 15 years and o v e r .
U/ Number of issues increased from 2 to 3 on
3 / A v e r a g e of d a i l y f i g u r e s ; weekly f i g u r e s a r e for week ending Friday.
Apr. 1.