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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
OPEN-MARKET MOIIEY RATES II' T3T" YORK CITY

R&S

~ir~

Oct. 2

Oct. 9

T^okly, 19US
[ Oct. 16 1 Oct. 23

m 93 7

N o v e m b e r 5 > 19UB

(Per cent per annum)

i|

Oct. 50

P r e v a i l i n g r a t e on:
Commercial paper (prime, b t o 6 months)
Bankers* acceptances (prime, 90 days) .
Time loans (Stock Exchange, 9 ° days)

l l / 2 - l 56 n / 2 1 5/6 1 1 / 2 - 1 5/6 1 i / ^ - l 5/6 1 3 / 2 - 1 5 #
13/16
15/16
l 3/io
i 5/16
1 5/i6
1 1/2-1 y u 1 1 / 2 - 1 5 / 4 1 1 / 2 - 1 5 z u 1 l/fe-l 5 A 1 V 2 " 1 3A

Rate on Stock Exchange c a l l l o a n s : l /
New
Renewal • * • • • •

1^

Y i e l d s on U. S . Government s e c u r i t i e s : 1 /
B i l l s , 3 months
C e r t i f i c a t e s , 9 t o 12 months . .
xable i s s u e s , 3 t o 5 years . .
• nds, 7 t o 9 y e a r s , t a x a b l e . .
Bonds, 15 years and o v e r , t a x a b l e
Price of Treasury bonds 2 / . . . . .

1.1U+
1.20
1.70
2.02
2.1+5
100.70

Monthly
S e p t . 19148 | Oct. 1948

1 V2- 15/6
1 V16
1
V^-1 3A

l V&--1
1
.Vio y
1
V 2 - 1 3/4

iijKU:
1.118
1.23
1.71

1.118

1.23
1.71

1.120
1.23
1.71
2.06
2.1+5
100.70

1.129
1.23
1.72
2.08
2.1+5
IOO.69

1.090
1.18
I.69
2.01+
2.1+5
100.70

1.120
1.23
1.71
2.05
2.1+5
IOO.69

2.02

2.06

2.1+5
IOO.7O

2.1+5
IOO.69

2.85

2.81+

2.81+

2.81+

2.88

2.85

2.85

Average y i e l d on corporate bonds (Moody's) 3_/
Aaa . . . . . . . • • • • • • • • • • •
2.83
Baa . .
3«U7

2.81+

2.85
3.1+9

2.81+
5.50

2.86
3.52

2.81+
3.1+5

2.81+
3.50

Y i e l d s on high-grade corporate bonds
(Treasury s e r i e s ) 1 / . . . . . . .

3-l£

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 w i t h i n period.
Average of t a x a b l e bonds due or c a l l a b l e i n 15 years and o v e r ,
3 / Average of d a i l y f i g u r e s ; weekly f i g u r e s are f o r week ending Friday.
GOVERNMENT FIBANCB SECTION,




BOARD OF GGVtKiiORS