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REC'D IN FILES SECTlon
MAY

BOARD OF GOVERNORS
OF TIIE
FEDERAL RESERVE SYSTEM

194j

R&S m 716
May 6, 1341
OPEN-MARKET BATES IK NEW YORK C ITY
(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 to 6 months) . . .
Bankers 1 a c c e p t a n c e s (prime, 90 days) . . . .
Rate on Stock-exchange c a l l loans: l /
Renewal
United S t a t e s o b l i g a t i o n s :
Rate on Treasury b i l l s (91 days): 2 /
Yield of tax-exempt Treasury n o t e s ,
Yield of Treasury bonds, 12 years and
over 1 / 3 /
Average y i e l d on c o r p o r a t e bonds: 5 /

May 3
1941

Apr, 26
1941

Apr, 5
1941

May 4
1940

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

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

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

1/2-5/6
7/16
1 1/4

1.00
1.00

1.00
1.00

1.00
1.00

1.00
1.00

,12
.096

.12
.097

.08
.079

;o2
.008

.49

.51

,52

.45

1:91
111.5

1.91
111.5

2.00
110.2

2.25
106.7

2.81
4,32

2:92
4.34

2:82
4.33

2.82
4.71

l / Averages of d a i l y f i g u r e s .
Z j Tax-exempt b i l l s p r i o r t o March 1941; t a x a b l e b i l l s t h e r e a f t e r ,
Z j P a r t i a l l y tax-exempt i s s u e s o n l y ,
4 / P r i c e s derived from y i e l d f i g u r e s on b a s i s of a 2 3/4 per c e n t , 16-year bond,
j>/ Averages of d a i l y f i g u r e s , week ending F r i d a y ,