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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

MAY 5 - 1 9 4 3

R&S Iffi 828
May Us 19U3
OPE3'-MARKET MOFEY RATES IK FE7: YORK CITY
(Per cent per annum)
May 1,
191+3

Weekly
Apr.

2U,

19U3

Monthly
Mar.
Apr.
191+3
191+3

P r e v a i l i n g r a t e on;
Commercial paper (prime, I4. t o 6 months), . 5/8 - 3 A 5/8 - 3 A 5 / 8 - 3A 5 / 8 - 3/1+
Bankers' acceptances (prime, 90 days)# . .
7/16
7/16
7/16
7/16
Time loans (Stock Exchange, 90 days) * . .
1 l/b
1 l/h
1 iA
1 IA
Rate on Stock-exchange c a l l l o a n s : l /
1.00
1.00

United S t a t e s Government s e c u r i t i e s ;
Rate on 3-month Treasury b i l l s , • . . . .
Yield on 9- t o 12-month c e r t i f i c a t e s
Yield on 3~ t o $-year Treasury notes • . .
Yield on Treasury bonds, 12 years and over:
P a r t i a l l y tax-exempt bonds . . . . . . .

Average y i e l d on high-grade corporate

.373

1.00
1.00

.372

1.00
1.00

.373

1.00
1.00

.373

.78
1.39

.77
1.38

.78
1.39

.75
1,33

1.99
2.31
110.U

1.99
2.31
110.U

2.02
2.32
109.9

2.08
2.33
109.1

2.68

2.68

2.68

2.70

2.75
3-95

2.76

2.76
3.96

2.76
t+.Ol

Average y i e l d on corporate bonds (Moody's):^/
3.97

l / 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 within p e r i o d ,
2 { ' 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 cent 16-year bond.
3 / Averages of d a i l y f i g u r e s j weekly f i g u r e s arc for week ending Friday#