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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
f)

R.ks MR 747
November 4 , 1941

OPM-MARKBT RATES IN NEW YORK CITY
(Per c e n t p e r annum.)
1940

1941
October

September

On t o b e r

Au^us t.

1

P r e v a i l i n g r a t e on:
Commercial p a p e r ( p r i m e , 4 t o 6 months) . .
Bankers* a c c e p t a n c e s ( p r i m e , 90 d a y s ) . . . .
Time l o a n s (Stock Exchange, 90 d a y s )

1/2
7/16
1 l/i

|

1/2-5/3

1/2

7/16
1 1/4

7/16
11/4
Ii

Rate on S t o c k - e x c h a n g e c a l l l o a n s : 1 /
New.
Renewal
..

i

1.00

1.00

1.00

I

1.00

j

1.00
1.00

1.00
1.00

i

United S t a t e s s e c u r i t i e s : l /
Rate on T r e a s u r y b i l l s ("91 d a y s ) : 2J
Dealers1 q u o t a t i o n . . . . .
.T
New i s sue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Y i e l d on T r e a s u r y n o t e s ,
3 to 5 years:
Tax-exempt n o t e s . . . . . . . . . . . . . . . . . . . . . . .
T a x a b l e note s . . . . . . . . .
Y i e l d on T r e a s u r y bonds, 12 y e a r s and
over:
P a r t i a l l v t a x - e x e m p t bond s
,
•
Taxab1e bonds 4 / .
P r i c e of T r e a s u r y bonds oj

i

.09
.024

.10 / 1'
.055
I

.41
.72

.34
.32

-

|

1

.13
.108

.02

.33
.62

.43

V

:

:|
|

• ——

• '

1.94

1.88

2.17
112.0

r/

-'111.1

1.94
2.13
111.1

I
i

2.10
- -

108.8

j

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
2.61

Average y i e l d on c o r p o r a t e bonds: l /

1/2

7/16
1 1/4

|

2.64

2.G5

2.70

2.75
4.30

2.74
4.27

2.79
4.56

j
i
1

2.73

j

4.28

j
j

1
l / Averages of d a i l y f i g u r e s . For new i s s u e s of T r e a s u r y b i l l s , a v e r a g e of d i s c o u n t
r a t e s on i s s u e s o f f e r e d w i t h i n t h e month.
Z j Tax-exempt b i l l s n r i o r to March 1941; t a x a b l e b i l l s t h e r e a f t e r .
j V Negative y i e l d .
4 / On October SO t h e number of i s s u e s i n c l u d e d i n c r e a s e d f r o m 1 t o 2 .
"5/ P r i c e s d e r i v e d f r o m svcr&go y i e l d of p a r t i a l l y tax-exempt i s s u e s on b a s i s of a
2 3 / 4 per c e n t , 1 6 - y o a r bond,
r / Revised.