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F

BOARD OF GOVERNORS

* 0 . REC'D IN PILES SECTu.M

OF THE

•sKP 2 9 '<94'/

FEDERAL RESERVE SYSTEM

R&S MR 797
September 2 9 , 191\2
OPEN-MARKET MONEY RATES IN NEW YORK CITY

(Per c e n t per annum)
Weekly f i g u r e s "
S e p t . 267 S e p t , 1 9 ,
19^2
19^
P r e v a i l i n g r a t e on:
Commercial paper ( p r i m e , I4. t o 6 months)
B a n k e r s f a c c e p t a n c e s ( p r i m e , 90 d a y s ) .
Time l o a n s ( S t o c k Exchange, 90 d a y s ) . .
R a t e on S t o c k - e x c h a n g e c a l l l o a n s : l /
New . . , . • , . • . , . . . . . , . ,
Renewal . . * . . . .
. . . . . . . . ,
United S t a t e s s e c u r i t i e s : l /
R a t e on 3-month T r e a s u r y b i l l s . . , .
Y i e l d on c e r t i f i c a t e s of i n d e b t e d n e s s :
Due November 1, 191*2. . . . . . . .
Due F e b r u a r y 1, 1943• • • • • • • •
Due May 1, 1943 • • * . . • • . . .
Due August 1 , 1943. • • . . . . . .
Y i e l d on 3 t o 5 y e a r T r e a s u r y n o t e s .
Y i e l d on T r e a s u r y b o n d s , 12 y e a r s
and o v e r : l /
P a r t i a l l y tax-exempt bonds. . .
T a x a b l e bonds • » , . . . . . .
P r i c e of T r e a s u r y bonds 3 / • • • •
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 ( T r e a s u r y s e r i e s ) l /
Average y i e l d on c o r p o r a t e bonds
(Moody's): 4 /
Aaa
Baa . . . .
*

l/
2{
3/
b/

5/8 - 3 A 5/3 7/16

3/k

l 1/1

1.00
1.00

Monthly f i g u r e '
July
Aug.
19i^
19^2
5/8 - 5 A 5/8 - 3 A
, %

1.00

1.00

6

1.00
1.00

1

¥a
1.00
1.00

.373

.370

,370

.368

;36
.49
.64
,77

.36
•1}.8

.37
.57

.1+3

1.28

.76
1.27

2/ .80

2.04
2.34
109.7

2.04
2.34
109.7

2.02

2,00

2.3U
IO9.9

2.3U

2.73

2,73

2.73

>.00

2.00

I-.27

4.27

1.25

2.81

J+.28

.61

1.20

110.2

2.7lt

2.83

U.30

Averages 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 f o r August 15 t o 3 1 .
P r i c c d e r i v e d from a v e r a g e y i e l d of p a r t i a l l y t a x - e x e m p t l o n g - t e r m
i s s u e s on b a s i s of a 2 3/U per c e n t , 1 6 - y e a r bond,
Averages 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 e n d i n g F r i d a y ,