View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

REC'D IN FILES SECTION
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

nn,

i94i

R^S r1 742
,R
October 2, 1041
OPEN-MARKET RATES Hi m ? YORK CITY
(Per cent per annum)

1941
September
Prevailing rate on:
Commercial paper (prime; 4 to 6 months),
Bankers' acceptances (prime, 90 days)..,
Time loans (Stock Exchange, 90 days)
Rate on Stock-exchange call loans: JL/
Renewal

.

United States obligations:
Rate on Treasury bills (91 days): zj
Dealers' quotation l/.................
New issue
Yield on Treasury notes,
3 to 5 years: \J
Tax-exempt notes 3/.
Taxable notes 3/
Yield on Treasury bonds, 12 years and
over: 1 /
Partially tax-exempt bonds ..........,
Taxable bonds 4/. ,
Price of Treasury bonds l/ 5/

1/2

7/lG
1/4

1.00
1.00

.10

August

1/2

7/16
1 1/4
1.00

1 .00

.13

,055

.108

.34
.62

1940
July

September

1/2

1/2-6/8
7/16
1 1/4

7/16
1 1/4

1.00

1.00

.12

.05

1.00

1.00

.097

.021

,33

.62

.37
.67

.48

1.94
2.14
111.2

1,94
2.13
111,1

1.90
2.14
111.7

2.18

Average yield on high-grade corporate
bonds \J

2.64

2.65

2.66

2.71

Average yield on corporate bonds: l/
Aaa .
Baa............

2.75
4.30

2.74
4.27

2.74
4.28

4.66

l/
Zj
ij
A/
5/

107.7

2.82

Averages of daily figures
Tax-exempt bills prior to March 1941; taxable bills thereafter.
The number of issues included decreased from 2 to 1 on September 15, 1941.
Includes 1956-58 bonds only.
Prices derived from yield figures of partially tax-exempt issues on basis of a
2 3/4 per cent, 16-year bond.