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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

a

R&S MR 889
October 4 , I9V4

OPEN-MARKET MONEY RATES IN NE% YORK CITY
(Per c e n t per annum)
Sept. 2

Preva U n g ^ r a t
Com i ^ c i a P per ( p r i m e , U t o 6 months).
Ban
s* a c c p t a n c e s (prime, 9$ d a y s ) . .
pans ( t o c k Exchange, 9^ days) . ,
Timi

»

R a t e on Stock-exc*i&nge c a l l l o a n s : \J
New. . .
Renewal* . *
Yields on United S t a t e s Government s e c u r i t i e s : \ j
3-month T r e a s u r y b i l l s
9 - t o 12-month c e r t i f i c a t e s o f i n d e b t e d n e s s . . .
3- t o 5-year Treasury notes
P a r t i a l l y tax*exempt bonds, 15 y e a r s and o v e r .
^tocable bonds, 7 to 9 y e a r s .
I B c a b l e bonds, 15 y e a r s and over
P r i c e of T r e a s u r y bonds 2/
*

%

1 iA

Sept. 9

1 iA

1.00
1.00

1.00
1.00

.375
•75
1.28
1.90
1.92
2.1*8
100.U2

.375
.79
1.27
1.92
1.92
2.1*7
100.1*2

Weekly, 19Wi
S e p t . 16 S e p t . 23

7$6
1 iA
1.00
1.00
.375
•78
Vl.29
1.93
5/1.92
"2.1*7
100.1*5

S e p t . 30

Monthly, I9W4
Sept.
Aug.

$6

3A
7/16
1 iA

3A
7/16
1 yi*

1 1/1*

1.00
1.00

1.00
1.00

1.00
1.00

1.00
1.00

.375
.78
1.314
1.9U
1.92
2.1*8
100.1*1

.375
.80
1-31*
1.91*
I.92
2.1*8
100.31*

.375
.79
1.31
1.93
1.92
2.1*7
100.1*0

.375
.76
1.30
1.90
1.93"
2.1*8
100.35

1 iA

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 bonds
(Treasury s e r i e s ) 1/

2.56

2.51*

2.5I*

2-55

2.55

2.55

.2.57

Average y i e l d on c o r p o r a t e bonds (Moody's); 3^
Aaa
Baa.

2.71
3.56

2.71
3.56

2.71
3.56

2.72
3.56

2.72
3.56

2.71
3.56

2.71
3.55

1/
2J
5/
5/

Average of d a i l y f i g u r e s . For T r e a s u r y b i l l s , a v e r a g e r a t e of d i s c o u n t 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 .
Average of t a x a b l e bonds due or c a l l a b l e in 15 y e a r s and o v e r .
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 .
Number of i s s u e s d e c r e a s e d from 2 t o 1 on September 15Number of i s s u e s d e c r e a s e d from 5 t o h on September 15-