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REC'D IN FILES SECTION

BOARD OF GOVERNORS
OF THE
FEDERAL RSSERV3 SYSTEM

o;;i

i

194!

tt&S MR 741
3 e p t e mb e r 3 0 ,

1 04 1

OPEN-T'ARI'ET RATES IN RETT YORK CITY
(Per cent

per annum)

Week e n d i n g S a t u r d a y
Sept, 7
1941
P r e v a i l i n g r a t e on:
Comifierc i a l paper ( p r i n c e , 4 t o 6 m o n t h s )
Bankcr s 1 a c c e p t a n c e s ( p r i " e , 90 d a y s ) .
Time l o a n s ( S t o c k E x c h a n g e , 9 0 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
New .
.
Renewal . . . . . . . . .

loans:

\J

U n i t ed St?.h c s obi i g a t i o n s :
R a t e on T r e a s u r y b i l l s ( 9 1 d a y s } : Z j
D e a l e r s 1 q u o t a t 1on l /
M ew i ss ue . . , .
Y i e l d on T r e a s u r y n o t e s ,
3 to 5 years; \ J
T a x - e x e m o t n o t e s _o/.
T a x a b l e n o t or. J5/.
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
ana o v e r : 1 /
P a r t i a l 1y t a x - e x e m p t bonds . . . . . . . . .
T a x a b l e bonds 4 /
P r i c e of T r e a s u r y bonds 1 / 5 /

%

1 1/4

1.00

1.00

S e p t . 20
1941

A u g . 30
1941

V2
7/is
1 1/4

7/10
1 1/4

S e p t . 23
1:.'40

i
!
i
!

|

1.00

1.00

.10

1.00

1.00

l/2-t'./P
7 / 1 fi
H A

1.00

1.00

.03
.0:2

.337

.38
.35

.36
-67;

.32

.45

1.34
2.13
•11 .1

1 .35
2.15
111.0

1 .92
2.13
111.4

2.15

Averip;e y i e l d on h i ^ h - g r a d e c o r p o r a t e
bonds _ l / . . . . . . . . . . .

2.64

2 .04

.05

2.G9

Avnrarrc y i e l d
Aaa
Baa

2.7%
4,33

2.75
4.30

2 ,74
4.29

4,62

.13
.030

.60

.04
0.000

103.1

on c o r p o r a t e b o n d s : o /

1/
_2/
3J
^4/
5/

j
j

2.81

A *€ r \ s cf d a 1 y f i g u r e s .
T x - ^enpt b i l l s p r i o r t o March 1 3 4 1 ; t a x a b l e b i l l s t h e r e a f t e r .
Mu-rb r f i s s u e s i n c l u d e d d e c r e a s e d f r o n 2 t o 1 on S e p t . 1 5 , 1 9 4 1 .
I n c l u d e s 1 9 5 6 - 5 8 bondr o n l y .
P r i c e s d e r i v e d frorr y i e l d f i g u r e s o f p a r t i a l l y t a x - e x e m p t i s s u e s on b a s i s of a
2 3 / 4 per c e n t , I G - y e a r b o n d .
C / A v e r a g e s of d a i l y f i g u r e s , week t n d i n g : F r i d a y .