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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 679
October 3, 1940
OPEN-MARKET RATES IN NEW YORK CITY
(Per cent per annum)

Sept.
P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 t o 6 months) . . . .
Time loans (Stock Exchange, 90 d a y s )
Rate on Stock-exchange c a l l l o a n s : \J
Re newa1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Average y i e l d on United S t a t e s o b l i g a t i o n s ?
Treasury b i l l s (01 d a y s )
Treasury n o t e s , 3-5 years l / . . .
Treasury bonds, 12 years and over

.

\J ......

Average y i e l d on c o r p o r a t e bonds: l /
Aaa . . . . . . .
.....7..........

\J

Averages of d a i l y f i g u r e s




1940
Aug.

July

1939
Sept.

5/8-3/
7/l
1 1/

1/2-5/8
7/l 6
1 1/4

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

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

1.00
1.00

1.00
1.00

1.00
1,00

.05
.021
.48
2.18

,04
,019
.58
2.25

.05
*009
.57
2.28

>1(
1.0',
2.6[

2.82
4.66

2.85
4.76

2.88
4.80

3.2E
5.0C

1.0C
l.oc

.l<i