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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE fJYSTEM
R&S MR- 776
May 5, iyi.|2
OPBN-11AI>K22r RATES IB NET: YORK CITY
(For c e n t per annum)
Vieekly f i g u r e s

P r e v a i l i n g r a t e on:
Commercial paper (prime, J4 t o 6 months)
Bankers 1 a c c e p t a n c e s (prime, 90 d a y s ) .
Time loans (Stock Exchange, QO d a y s ) . .
Hate on Stock-exchange c a l l l o a n s : \ J . •
New
.
, .
Renewal . . • . . . . . , . . . . . . ,
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 T r e a s u r y b i l l s ,
Y i e l d on T r e a s u r y c e r t i f i c a t e s of
i n d e b t e d n e s s (due November 1, I9I4.2). .
Yield 011 T r e a s u r y n o t e s , 3 t o 5 y e a r s :
Tax-exempt n o t e s .
,
Taxable n o t e s
Yield on T r e a s u r y bonds, 12 y e a r s
and o v e r :
P a r t i a l l y tax-exempt bonds
Taxable bonds
.
P r i c e s of T r e a s u r y bonds

May 2 ,
_12kL

Apr. 2 j ,
19-'^

$ 6
1 1/U

1 l/U

1.00
1.00

Monthly f i g u r e s
Apr.
I9lf

% &
1.00
1.00

.550

.535

.1*7

.a

3/

1 iA

1.00
1.00
.299
2/.U5

1.00

798

2.00
2.50
110.2

1.98
2.55
110.5

2.34
110.5

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 ( T r e a s u r y s o r i o s ) l / . . . . .

2-77

76

2.77

Average y i e l d 011 c o r p o r a t e bonds
(Moody 1 s): 5 /
Aaa
Baa
. . . . . . . . .

J4.2H

«

&

2.81;

2.8?

I4.26

1.98

2.83

I4..26

Averages of d a i l y f i g u r e s . ""For T r e a s u r y b i l l s / aver a ge d i s count on
issues offered within period.
2 / Average f o r A p r i l 15 t o 3°»
3/ No tax-exempt n o t e s o u t s t a n d i n g m t h i n - m a t u r i t y range a f t e r March 1$.
Average shown f o r March covers only f i r s t h a l f of month,
1*/ P r i c e s d e r i v e d from a v e r a g e y i e l d of p a r t i a l l y Lax-exempt l o n g - t e r m
i s s u e s on b a s i s of a 2 3 / h per c e n t , 16-year bond,
5 / Averages of d a i l y f i g u r e s ; weoklv f i g u r e s a r e f o r week ending F r i d a y .
l/