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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

-Gi' UU94T
R&S MR 744
October 14, 1941

OPEN-MARKET RATES IN NEW YORK CITY
(Per cent per annum)
Week end ir ig Saturday

P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 t o 6 months)..
Bankers' acceptances (prime, 90 days)
Time loans (Stock Exchange, 90 days)
Rate on Stock-exchange c a l l loans: \J
New
Renewal
..

.

United S t a t e s o b l i g a t i o n s : l /
Rate on Treasury b i l l s (91 days): 2 /
Dealers T q u o t a t i o n
New i s s u e
.
Yield on Treasury n o t e s ,
3 to 5 y e a r s :
Taxable n o t e s
Yield on Treasury bonds, 12 years
and over t
P a r t i a l l y tax-exempt bonds
Taxable bonds 4 /
P r i c e of Treasury bonds 5 / . . . .
Average y i e l d on high-grade c o r p o r a t e
bonds l / . . . . . . . . . . . . . « ' « . . . . . . . . . . . . . . . . . . . .
Average y i e l d on c o r p o r a t e bonds: 6 /
Baa
\J
jV
3/
4=/
E>/
6/

Oct. 11
1941

Oct. 4
1341

S e p t . 13
1941

Oct . 1 2
1940

1/2
7/1G
11/4

1/2
7/16
1 1/4

1/2
7/lG
1 1/4

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

1.00
1.00

1.00
1.00

1.00
1.00

1.00
1.00
I

.07
.001

.11
.002

.10
.050

.02

.39
.69

.38
.66

.32
.58

.45

1.90
2.13
111.7

1.92
2.11
111.4

1.94
2.14
111.1

2 .09

2.62

2.63

2.65

2.71

2.73
4.27

2.74
4.31

2.74
4,28

2.79
4.57

y

——

- -

108.9

Averages of d a i l y f i g u r e s . For new.issues of Treasury b i l l s , average discount on
i s s u e o f f e r e d w i t h i n week»
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 .
Negative y i e l d .
Includes 1956-58 bonds only*
P r i c e s derived from average y i e l d of p a r t i a l l y tax-exempt long-term i s s u e s on
b a s i s of a 2 3/4 per c e n t , 16-year bond,
Averages of d a i l y f i g u r e s , week ending F r i d a y ,