View original document

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

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&SMR743
October 7, 1941
OPEN-MARKET RATES IN NEW YORK CITY
(Per cent per annum)
Week ending Saturday
Oct, 4
1941

T S e p t . 27
|
1941

P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 to 5 months)
Bankers' acceptances (prime, 90 days).*
Time loans (Stock Exchange, 90 d a y s ) . . .

1/2
7/16
1/4

7/1G
1 1/4

Rate on Stock-exchange c a l l l o a n s : \J
New . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . , ,
Renewal...............................

1.00
1.00

1,00

United S t a t e s o b l i g a t i o n s :
Rate on Treasury b i l l s (91 days): 2/
Dealers' quotation Jl/
N ew i s s u e . . . . . . . . . . . . . . . . . . . . . . . . . .
Yield on Treasury n o t e s ,
3 to 5 years: \ J
Tax-exempt notes
Taxable n o t e s . . . . . . . . . . . .
Yield on Treasury bonds, 12 years
and over: J l /
P a r t i a l l y tax-exempt bonds,
Taxable bonds 4 / . . ,
P r i c e of Treasury bonds \J b/

.11
.002

1/2

1,00

.08

.062

.38

.66

.38
.65

1.92
2.11
; 111.4

1.94
2.13
111.1

Average y i e l d on high-grade c o r p o r a t e
bonds \J JS/.
.

2.63

2.64

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

2.74
4.31

2.75
4.33

1/
Zj
3/
jt/
5/

Ave rage s of d a i l y f i gur e s .
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 o n l y .
P r i c e s derived from y i e l d f i g u r e s of p a r t i a l l y tax-exempt 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.
_6/ Figure f o r week ended S e p t . 28, 1940, r e p o r t e d in r e l e a s e dated S e p t , 30, 1941
as 2.68 per c e n t , should be r e v i s e d t o 2.69 per c e n t .
7 / Averages of d a i l y f i g u r e s , week ending F r i d a y ,