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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE STSTEM

R&S MR
November ij., 19W:

OPEN-&IARKET MONEY RATES IN NEW YORK CITY
(Per cent per annum)
S e p t . 50
rate on:
Commercial paper (prime, b t o 6 months).
Bankers' acceptances (prime, 90 d a y s ) . .
Time loans (Stock Exchange, 90 cays) . .
Rate on Stock-exchange c a l l loans: l /
Mew..
Renewal

Oct. 7

% &

1 iA

1 iA

Weekly, l%h
Oct.. 21
Oct. 14

1 1/4

1 iA

Oct• 28

Monthly, I9bh
Sept.
Oct.

3A
7/16
1 iA

3A
7/16
1 iA

3A
7/16
1 iA
•1.00
1.00

1.00
1.00

1.00
1.00

1.00
1.00

1.9k

.375
.80
1-35
1-93
1.93
2.48
100.33

.376
.80
1-35
1.92
1.93
2.48
100.31

.375
.80
1.54
1.92
1.93
2.48
100.29.

.375
.79
1.34
1.9-U
1.9I4
2.48
100.26

.375
.80
'1-35
1-93
1-93
2.48
100.29

Average yield on high-grade c o r p o r a t e bonds
(Treasury s e r i e s ) l / . .

2.55

2.54

2.55

2-55

2.57

2-55

2.55

Average yield on c o r p o r a t e bonds (Moody's): $ /
Aaa.
Baa

2.72
5,56

2.72
3.56

2,72
3,55

2.72
3.5U

2.73
3.54

2.72
3-55

2.72
3.56

Yields on United S t a t e s Government s e c u r i t i e s l /
3-month Treasury b i l l s
9 - t o 12-month 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 . .
t o 5-year Treasury n o t e s .
• r t i a l l y tax-exempt bonds, 15 years and o v e r .
Taxable bonds, 7 to 9 years
Taxable bonds, 15 years and over
•Price of Treasury bonds 2 /

8 8

1.00
1.00

H M

1.00
1.00

.375
.80
1.34
1.92
2.48
100.34

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 p e r i o d .
2 / Average of t a x a b l e bonds due or c a l l a b l e in 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 a r e f o r week ending F r i d a y .
b/ Number of i s s u e s decreased from 2 t o 1 on September 155/ z Number of i s s u e s decreased from 5 to b on September 15•



•375
/ *79
4/1.31
"1.93
5/1.92
2.47
100.40