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Supplement to

BANKING &
MONETARY
STATISTICS
SECTION 12

Money Rates
and Securities Markets
BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM

Preface
In 1943 the Board of Governors published
Banking and Monetary Statistics to make available in one place and on a uniform basis major
series relating to banking, monetary, and other
financial developments. The statistics usually
covered the period from 1914, when the Federal Reserve System was established, through
December 1941.
To^bring together for the period since 1941
the most important series in that volume, to
revise the data previously published, and to
present new series, the Board is publishing a
series of pamphlets. Most of these pamphlets
correspond to sections in Banking and Monetary Statistics, but some may cover new subjects. Most of the data included in these
pamphlets have already been published in the

Federal Reserve Bulletin, and current figures
for most of the series are published in it each
month. In some instances, however, the type
of presentation may vary considerably from
that in the Bulletin.
This is one of the new pamphlets. As in
Banking and Monetary Statistics, there is a
brief description of the purpose and history of
the data, the sources of the figures and the
methods by which they were compiled, and
other facts to guide the reader in using the
figures. Much of the information that is customarily included in footnotes to tables has been
incorporated in the text. Footnotes have been
used for the most part to call the reader's attention to any lack of comparability of items over
the period covered.
Board of Governors
of the Federal Reserve System

Washington, D. C.
January 1966




Price per copy, 65 cents.

REFERENCE

Contents
Page
1

INTRODUCTION
RATES REGULATED BY THE BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM

2

FEDERAL RESERVE BANK RATES

2

Discount rates on eligible paper
Rates on Section 10(b) advances
Rates on advances to others than member banks
Rates on industrial loans and commitments
Buying rates on Treasury bills
Buying rates on bankers' acceptances
Rates on purchases of U.S. Government securities under repurchase agreement
MAXIMUM RATES ESTABLISHED BY THE BOARD OF GOVERNORS

Maximum rates on time deposits
Maximum rates under Regulation V on guaranteed loans

2
3
3
3
3
4
5
5

6
6

MONEY RATES AND RELATED STATISTICS

6

SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY

7

EFFECTIVE RATES ON FEDERAL FUNDS

8

YIELDS ON SHORT-TERM U.S. GOVERNMENT SECURITIES

8

BANK RATES ON SHORT-TERM BUSINESS LOANS

9

Prime rate
Average rates on business loans

9
10

COMMERCIAL AND FINANCE COMPANY PAPER AND BANKERS'
ACCEPTANCES OUTSTANDING

11

SECURITIES MARKETS

12

BOND YIELDS AND PRICES

12

STOCK PRICES, YIELDS, AND TRADING VOLUME

15

Common stock prices
Preferred stock prices and yields
Trading volume .




15
17
17

iii

STOCK MARKET CREDIT

17

MARGIN REQUIREMENTS

18

STATISTICAL MEASURES OF CREDIT

18

Customer credit
Broker and dealer credit

19
19

DEFINITIONS AND COVERAGE

20

SECURITIES ISSUES

21

TOTAL NEW SECURITIES ISSUES BY TYPE OF ISSUER

22

CORPORATE ISSUES

22

NEW STATE AND LOCAL GOVERNMENT ISSUES

23

NET CHANGE IN CORPORATE SECURITIES OUTSTANDING

24

Type of issue or issuer
Method of derivation

24
24

INSTITUTIONAL INVESTORS

25

MUTUAL SAVINGS BANKS

25

Types of investment permitted
Types of assets and liabilities shown

25
25

SAVINGS AND LOAN ASSOCIATIONS

26

Types of associations
Types of assets and liabilities shown

26
26

LIFE INSURANCE COMPANIES

27

Types of companies
Types of investments shown

27
27

PENSION FUNDS

28

Public pension funds
Corporate pension funds

28
28

KEY TO SYMBOLS USED IN TABLES




29

IV

TABLES:
1. Federal
A.
B.
2. Federal

3.
4.

5.

6.

7.

8.

9.
10.
11.

12.

Reserve Bank Discount Rates on Loans to Member Banks
Advances and Discounts under Sections 13 and 13a, 1941-63
Advances under Section 10(b), 1941-63
Reserve Bank Discount Rates on Advances to Others Than Member Banks
Secured by Direct Securities of the United States
A. Individuals, Partnerships, or Corporations other than Member Banks,
1933-63
B. Special Rates to Nonmember Banks, 1939-46
Federal Reserve Bank Rates on Industrial Loans and Commitments, 1941-59 . . .
Maximum Rates Established by the Board of Governors
A. Maximum Interest Rates Payable on Time and Savings Deposits, 1933-64
B. Loans Guaranteed Under Regulation V, 1942-63
Short-Term Open Market Rates in New York City
A. Annually and Monthly, 1941-63
B. Weekly, 1941-63
Effective Rate on Federal Funds
A. Annually and Monthly, 1954-63
B. Weekly, 1954-63
Yields on Short-term U.S. Government Taxable Securities
A. Annually and Monthly, 1941-63
B. Weekly, 1941-63
Bank Rates on Short-Term Business Loans
A. Prime Rate, 1929-63
B. Average Rates on Business Loans, 1939-63
Commercial Paper and Bankers' Acceptances Outstanding, 1941-52
Commercial and Finance Company Paper and Bankers' Acceptances Outstanding,
1948-63
Bond Yields, by Type of Security
A. Annually and Monthly, 1941-63
B. Weekly, 1941-63
Bond Prices, by Type of Security, 1941-63

13. Basic Yields of Corporate Bonds, by Term to Maturity, 1941-63
14. Stock Price Indexes: Standard and Poor's Corporation
A. Annually and Monthly, 1900-63
B. Weekly, 1934-63




31
32

33
33
34
36
36
37
39
48
48
50
53
61
61
64
66
68
74
98
99
100
106

15. Common Stock Price Indexes: Securities and Exchange Commission
A. Annually 1939-63; Monthly, 1939-May 1964
B. Weekly, 1939-May 1964

116
119

16. Stock Yields, 1926-63

131

17. Trading in Stocks on the New York Stock Exchange: Round-Lot Volume
A. Annually and Monthly, 1941-63
B. Weekly, 1934-63

134
135

18. Trading in Stocks on the New York Stock Exchange: Total Volume and Value,
1941-63

140

19. Margin Requirements, 1934-63

141

20. Stock Market Credit, 1938-63

142

21. Detailed Debit and Credit Balances and Related Items of Member Firms of the
New York Stock Exchange Carrying Margin Accounts, 1942-63
22. Money Borrowed by Member Firms of the New York Stock Exchange, 1941-63. .
23. New Security Issues
A. By All Issuers, 1934-63
B. Proposed Uses of Net Proceeds by Major Groups of Corporate Issuers:
Old Grouping, 1934-47
C. Proposed Uses of Net Proceeds by Major Groups of Corporate Issuers:
New Grouping, 1948-63
24. New Issues of State and Local Government Securities, 1946-63
25. Net Change in Outstanding Corporate Securities
A. By All Issuers, 1934-63
B. By Type of Issuer, 1948-63

147
151
154
160
163
166
170
172

26. Mutual Savings Banks: Assets and Liabilities, 1945-63

174

27. Savings and Loan Associations: Assets and Liabilities, 1945-63

177

28. Life Insurance Companies: Assets and Liabilities, 1945-63

179

29. Assets of All Public and Private Pension Funds, 1950-63

182

30. Assets of Noninsured Corporate Pension Funds, 1951-63

182




VI

i2.

Money Rates and Securities Markets

CURRENT SAVING and other funds available
for investment are mobilized and invested
through the nation's security markets. These
markets bring together large numbers of borrowers and lenders to bid for or to offer funds,
and from this interplay of demand and supply
interest rates are established.
Some saving comes into these markets directly, but the major part comes indirectly
through loans and investments of banks and
nonbank financial institutions such as savings
and loan associations, insurance companies,
and pension funds. Whether these institutions
invest in short- or long-term securities depends
in large measure on their sources of funds, the
regulatory controls under which they operate,
and the nature of their contingent liabilities.
Some types of institutions concentrate their investments in mortgages and long-term bonds;
others tend to hold a larger proportion of their
funds in shorter-term issues. And certain institutions and many individuals place some funds
in common and preferred stocks.
In carrying out its responsibility for regulating the flow of bank credit and money, the
Board of Governors of the Federal Reserve
System requires information on the flow of
funds through credit and securities markets
and on the costs of such funds. This section
includes information relating to certain instruments of credit policy—discount rates, maximum interest rates on time deposits, and margin requirements—and also statistics relating
to money markets, securities markets, and the




investments of selected types of financial intermediaries. All of these statistics have a bearing,
directly or indirectly, on the Federal Reserve
System's credit policy. Statistics relating to the
quantitative instruments of credit policy—
member bank reserve requirements and open
market operations—appear in "Member Bank
Reserves and Related Items," Section 10 of
Supplement to Banking and Monetary Statistics.
The descriptive material and the statistics
in this section are divided into six main parts:
Rates regulated or established by the Board
of Governors of the Federal Reserve System
(Tables 1-4): Federal Reserve Bank rates,
maximum rates on time deposits, and rates
established under Regulation V.
Money rates and related statistics (Tables
5-10): Short-term open market money rates,
rates on bank loans to business, and amount
of open market paper outstanding.
Securities markets (Tables 11-18): Prices
and yields on bonds and stocks, and volume
of trading.
Stock market credit (Tables 19-22): Margin
requirements and major types of securities
credit.
Securities issues (Tables 23-25): New issues,
and changes in corporate issues outstanding.
Institutional investors other than commercial
banks (Tables 26-30): Selected balance sheet
data.

Unless otherwise noted, the tables contain
data for the period 1941-63. Current statistics
for most of these series are published regularly
in the Federal Reserve Bulletin.

RATES REGULATED BY THE BOARD OF GOVERNORS
Two types of rates under this heading are
described: first, those which the Federal Reserve Banks charge member banks and others
on borrowed funds, generally referred to as
discount rates; and second, the maximum rates
that the Board of Governors has established
on time deposits in member banks and on loans
that are guaranteed by agencies of the U.S.
Government.
FEDERAL RESERVE BANK RATES

The discount rate determines the cost to member banks of the reserve funds they obtain by
borrowing from Federal Reserve Banks. Every
14 days, each Reserve Bank must establish its
own discount rates, subject to review and
determination by the Board of Governors in
Washington.
The national and international financial communities think of Federal Reserve Bank discount
rates as pivotal rates in the credit market. The
key role assigned to them derives largely from
the fact that they are established by the administrative action of a public body having special
information and competence to judge whether
expansion of bank credit and money is consistent with the economy's cash needs for transactions and liquidity.1
The founders of the Federal Reserve System
contemplated that Reserve Bank discount rates
would be set in accordance with regional financial conditions. And they expected that variations in regional financial conditions would lead
to variations in discount rates among the Reserve Banks. In recent decades, however, rates
have tended to be uniform. Basically, this
tendency toward uniformity reflects improvements in the facilities and speed of communication and transport as well as further geograph1
For further information on discount rates and their relation to market rates of interest, see Board of Governors of
the Federal Reserve System, The Federal Reserve System—
Purposes and Functions (Washington, D. C , 1963) pp. 45-50.




ical integration of industrial, commercial, and
financial enterprises.
The principal types of discount rates established by the Reserve Banks are shown in
Tables 1 and 2. They are (1) rates to member
banks on discounts of eligible paper and on
advances secured by such paper or by U.S.
Government securities, (2) rates to member
banks on other advances secured to the satisfaction of the Reserve Bank, and (3) rates on
advances to others than member banks secured
by direct securities of the United States. Table
3 shows rates on industrial loans and commitments from January 1941 through August 21,
1959, when Federal Reserve authority to make
such loans was repealed.
The Board's Regulation A contains detailed
information on the various types of discounts
and advances that the Federal Reserve Banks
may make. The following discussion relates
principally to the discount rates charged. Both
advances and discounts are processed on a discount basis—that is, the borrower pays the
interest on the date when he borrows.
Discount rates on eligible paper. The Federal Reserve Banks are authorized under Sections 13 and 13a of the Federal Reserve Act
to discount for their member banks short-term
commercial and agricultural paper and to make
advances on member banks' promissory notes
secured by such eligible paper or by U.S. Government securities. The rate charged on discounts of eligible paper is usually referred to
as the "discount rate." This rate, which is
shown in Table 1-A, has been the lowest of
the rates charged by the Federal Reserve Banks
except when a preferential rate has been in
effect for advances secured by Government
securities.
In the early years of the System the Reserve Banks established a variety of discount
rates, differing with the class of paper and the
maturity. However, since 1921 a single rate
has prevailed at each' Federal Reserve Bank

for all discounts and advances to member
banks, with two exceptions. In September
1939 some of the Federal Reserve Banks
established a preferential rate on paper secured
by Government securities. These rates were
in effect at the beginning of the period covered
by this section, but the differences between
these rates and those on other discounts and
advances were eliminated in February, March,
and April 1942, when rates for other discounts
and advances were lowered. In the autumn of
1942 all twelve of the Federal Reserve Banks
established a preferential rate on advances
secured by Government securities maturing
or callable in 1 year or less, which was in effect
until the spring of 1946. At that time the
preferential rate was discontinued.
Although member banks could borrow at a
preferential rate during the war on advances
secured by short-term Government obligations,
they did not borrow much in this way, in part
because it was cheaper to sell Treasury bills
at the rate established in April 1942.
Rates on Section 10(b) advances. In addition to advances under Section 13 and 13 a, the
Federal Reserve Banks are authorized under
Section 10(b) of the Federal Reserve Act,
enacted on February 27, 1932, to make advances to member banks provided such advances are secured to the satisfaction of the
Federal Reserve Banks. The rate on these
advances, shown in Table 1-B, may not be
less than one-half of 1 per cent higher than
the highest rate in effect on discounts for
member banks under Sections 13 and 13a.
During most of the period covered by Table
1-B, the discount rate on advances under Section 10(b) was one-half of 1 per cent higher
than the rate on eligible paper at each Reserve
Bank.
The volume of borrowing under Section
10(b) is small, but the privilege of borrowing
on paper otherwise ineligible for discount at
the Reserve Banks is important to member
banks at certain times and in certain circumstances.




Rates on advances to others than member
banks. Under the last paragraph of Section 13
of the Federal Reserve Act, enacted on March
9, 1933, the Federal Reserve Banks may make
advances to individuals, partnerships, or corporations on direct securities of the U.S.
Government. Such advances, which are made
mainly to nonmember banks, have never been
an important part of Federal Reserve discount
operations.
During the defense build-up that began in
late 1939 and during World War II, each of
the Reserve Banks had a special rate to nonmember banks under this provision. This
special rate, which was eliminated in March
and April 1946, was at the same level as the
regular discount rate for member banks. Table
2 shows discount rates for 1933-63 on
advances to individuals, partnerships, and
corporations under the last paragraph of
Section 13. Rates for the period 1933-41
were not published in Banking and Monetary Statistics.
Rates on industrial loans and commitments.
Under Section 13b of the Federal Reserve Act,
enacted on June 19, 1934, the Federal Reserve
Banks were authorized to provide credit to
business enterprises for working capital. This
section of the Act was repealed effective
August 21, 1959, by the Small Business Investment Act of 1958. The volume of industrial
loans and commitments was small throughout
the period covered by this section of the
Supplement except during World War II.
Table 3 shows the rates charged on such
loans and commitments. These rates are described on page 424 of Banking and Monetary
Statistics.
Buying rates on Treasury bills. During and
immediately after World War II there was a
special buying rate for Treasury bills. On
April 30, 1942, the Federal Open Market
Committee—which makes decisions on open
market operations for the System—directed
the Federal Reserve Banks to purchase all
offerings of Treasury bills at a discount rate

of 3/s of 1 per cent per annum.2 This rate
applied not only to banks but also to all other
holders of Treasury bills, including dealers in
securities.
On August 7, 1942, the Federal Open Market Committee announced that the seller of
the bills could repurchase before maturity a
like amount of bills of the same maturity at
the same rate of discount. Beginning with May
15, 1943, all purchases of Treasury bills by
the Reserve Banks at the posted buying rate
of Vs of 1 per cent were made subject to the
repurchase option. The buying rate for Treasury bills was discontinued on July 10, 1947.
Buying rates on bankers' acceptances. Bank-

ers' acceptances purchased by the Federal
Reserve Banks have sometimes been an important part of Reserve Bank credit, but during
the 1941-63 period the amounts were significant only after 1954.3 The amounts are shown
in Table 1-A of "Member Bank Reserves and
Related Items," Section 10 of the Supplement,
and in Tables 1 and 4 of "Federal Reserve
Banks," Section 9.
At the beginning of 1941 each Reserve Bank
had a minimum discount rate for purchases of
prime bankers' acceptances payable in dollars.
It was set by the Bank's board of directors
and approved by the Board of Governors.
"Effective buying rates"—that is, the rates
actually charged—were established by the
Bank's officers at or above the approved minimum rate. Buying rates at the various Reserve
Banks generally were adjusted to agree with
the rates at the Federal Reserve Bank of New
York.
On June 19, 1952, the Federal Open Market
Committee assumed responsibility for setting
the minimum rate and authorized the Manager of the System Open Market Account to
specify the effective buying rates. On March
2
For a description of the Federal Open Market Committee, see The Federal Reserve System—Purposes and Functions, pp. 23 and 232-34.
3
For figures on the total amount of bankers' acceptances
outstanding, see Tables 9 and 10 of this section of the
Supplement.




2, 1955, the Reserve Banks discontinued their
policy of standing ready to purchase at published rates all bankers' acceptances offered.
After that they bought and sold under periodic
authorizations of the Open Market Committee
at market rates of discount.
Purchases of bankers' acceptances by the
Federal Reserve Banks are sometimes made
under repurchase agreement, with the seller
obligated to repurchase the acceptances within
15 days. When the Federal Open Market
Committee assumed authority over purchases
of bankers' acceptances, it did not authorize
any purchases under repurchase agreement.
This authority was, in effect, restored on March
2, 1955, with the Committee's authorization of
repurchase agreements with nonbank dealers
in bankers' acceptances at rates prescribed by
its executive committee. Responsibility for establishing these rates was assumed by the full
committee on June 22, 1955, when the executive committee was abolished.
Since August 2, 1955, the authorization to
purchase bankers' acceptances has been limited
to purchases for the account of the Federal
Reserve Bank of New York. The directive of
the Federal Open Market Committee on repurchase agreement rates that was in effect at
the end of 1963 was the same for bankers'
acceptances as it was for U.S. Government
securities:
To buy U.S. Government securities with maturities of 24 months or less at the time of purchase,
and prime bankers' acceptances with maturities of
6 months or less at the time of purchase, from
nonbank dealers for the account of the Federal Reserve Bank of New York under agreements for
repurchase of such securities or acceptances in 15
calendar days or less, at rates not less than (a) the
discount rate of the Federal Reserve Bank of New
York at the time such agreement is entered into,
or (b) the average issuing rate on the most recent
issue of 3-month Treasury bills, whichever is the
lower.

The effective buying rates at the Federal
Reserve Bank of New York on January 1,
1941, for bankers' acceptances of various maturities, the rate for repurchase agreements,

and the changes in these rates through March
2, 1955, are shown in the table below.
BUYING RATES ON BANKERS' ACCEPTANCES
[Per cent per annum]

Effective date

Outright purchases, by
maturity (days)
1 to
90

1941—In effect Jan. 1.
1946—July 12
Aug. 24
1947_Dec. 1
1948—Jan. 12
Aug. 13
1950—Aug. 21
1951—Dec. 18
1952—June 19
1953_j a n . 16
1954—Feb. 5
Apr. 16
1955—Jan. 13
Mar. 2
Mar. 30

91 to
120
VA

VA

121 to
180
l

VA

1 *

Ws

WA

ig

1%

1%
1%

1%
2

2
2%

WA

1%
2%

2VA

2%

18

2
1%

1%

Repurchase
agreements

W&

m
* /2
WA

1%

0)

zz

1%

1
The Federal Open Market Committee terminated authority to
make repurchase agreements.
2
Purchases made at market rates of discount under periodic
authorizations of the Federal Open Market Committee.
3
Repurchase agreements authorized at rates not less than the
lower of (a) the discount rate on eligible paper or (b) the average
issuing rate on the most recent issue of 3-month Treasury bills.

Rates on purchases of U.S. Government
securities under repurchase agreement The

Federal Reserve Banks may acquire U.S. Government securities under repurchase agreement,
with a commitment by the seller to repurchase
the securities within 15 days. The rate of interest is usually equivalent to the discount rate
of the Federal Reserve Bank of New York.
Within the period covered by this section of
the Supplement, 1941-63, the Reserve Banks
had no authority to acquire Government securities under repurchase agreement from March
1, 1945, until February 24, 1948, when the
Federal Open Market Committee authorized
limited transactions with dealers qualified to
transact business with the System Open Market Account. Before March 1, 1945, and from
February 24, 1948, to July 22, 1952, the Reserve Banks established the buying rate subject to the approval of the Board of Governors.
On July 22, 1952, the Federal Open Market
Committee assumed the responsibility for set-




ting the rate on repurchase agreements on
Government securities and directed the Manager of the System Open Market Account to
set the effective buying rate at not less than the
lower of (1) the discount rate on eligible paper,
or (2) the average issuing rate on the most
recent issue of 3-month Treasury bills. On
June 23, 1954, the Open Market Committee
transferred to its executive committee the authority to set the buying rate on Government
securities acquired under repurchase agreement. On June 22, 1955, the executive committee was abolished, and its responsibilities
were assumed by the full committee. The
directive on repurchase agreement rates in
effect on December 31, 1963, was the same
for U.S. Government securities as for bankers'
acceptances (see preceding page).
The buying rates on Government securities
under repurchase agreement effective during
the period 1941-63 are shown in the accompanying table:
BUYING RATES ON U.S. GOVERNMENT SECURITIES
UNDER'REPURCHASE AGREEMENT

Effective date
1941_jan. 1
1945—Mar. 1
1948—Feb. 24
Aug. 13
1949—Aug. 19
1950—Mar. 20
1951 Feb. 8
Oct. 15
1952 July 22

Rate
1 per cent
FOMC terminated authority to repurchase
1 VA per cent
IVi percent
Minimum rate of 1 % per cent
Minimum rate of V% of 1 per cent above
average issuing rate on most recent issue
of Treasury bills
Previous rate except that differential might
be less than % of 1 per cent above
average issuing rate
Minimum rate of not more than Vc of 1 per
f
cent below average issuing rate on most
recent issue of 3-month Treasury bills
Not less than the lower of (1) the discount
rate on eligible paper, or (2) the average
issuing rate on the most recent issue of
3-month Treasury bills.

MAXIMUM RATES ESTABLISHED BY THE
BOARD OF GOVERNORS

In addition to its review and determination
of Federal Reserve Bank discount rates, the
Board of Governors has statutory responsibility for setting maximum rates on member

bank time deposits and on certain types of
Federally guaranteed loans.
Maximum rates on time deposits.

The

Banking Act of 1933 forbade member banks to
pay interest on demand deposits and subjected
the interest paid on time and savings deposits
to limitations prescribed by the Board. Table
4-A shows the maximum rates on time deposits prescribed by the Board under Regulation Q during 1933-64. The rates payable
by member banks may not exceed the maximum rate payable by State banks or trust companies on like deposits under the laws of the
State in which the member bank is located.
Maximum rates for insured nonmember commercial banks are established by the Federal
Deposit Insurance Corporation. Effective February 1, 1936, these rates have been the same
as those for member banks.
On October 15, 1962, Section 19 of the
Federal Reserve Act was amended to exempt,
for 3 years (later extended to October 15,
1968) deposits of foreign governments and certain international institutions from regulation
by the Board of Governors as to rates of
interest that member banks may pay on time
deposits. The legislation included a similar
amendment to Section 18(g) of the Federal
Deposit Insurance Act for such deposits in
nonmember insured banks.
Maximum rates under Regulation V on

guaranteed loans. During World War II the
U.S. Government provided for the guarantee
of loans to finance the production of materials

and services deemed essential by military and
dther Federal procurement agencies. A similar
program has been in effect since 1950 when
war broke out in Korea. The Federal Reserve
Banks have acted as fiscal agents of the guaranteeing agencies under Regulation V of the
Board of Governors, and the Board has specified—after consultation with the guaranteeing
agencies—the maximum rate of interest and
the commitment fee that the financing institution may charge the borrower on guaranteed
loans and the guarantee fee to be paid the
guaranteeing agency.
The World War II program for guaranteed
loans began when Executive Order 9112 was
issued on March 26, 1942. Under this Order
the Board of Governors issued Regulation V,
effective April 6, 1942. The authority of the
guaranteeing agencies was broadened under
Executive Order 9336 of April 24, 1943, and
the Contract Settlement Act of 1944 to cover
loans enabling contractors to obtain release
of working capital promptly upon termination of war production contracts. The last
guaranteed loans under this part of the program were made in May 1946.
The second guaranteed loan program was
authorized under the Defense Production Act
of 1950 and Executive Order 10161 of September 9, 1950. The Board's Regulation V
was revised and reissued effective September
27, 1950. Table 4-B shows the maximum
interest rate and commitment fee on guaranteed
loans and the guarantee fee for 1942-63.

MONEY RATES AND RELATED STATISTICS
Statistics on interest rates indicate the cost
of credit to borrowers and the rate of return
to those who lend and invest. Actions of the
Federal Reserve System are likely to have an
effect on money rates of different types. And
the Federal Reserve System takes these probable effects into consideration in determining
monetary policy.




The money rate series in Tables 5-8 include
short-term open market rates in New York
City, effective rates on Federal funds, yields
on short-term U.S. Government securities, and
rates charged on business loans by banks in
principal cities. Tables 9 and 10 show the
volume of commercial and finance company
paper and of bankers' acceptances outstanding;

BASIS OF FIGURES USED IN AVERAGE YIELDS ON SHORT-TERM SECURITIES

Series
Prime commercial paper...
Finance company paper
Prime bankers' acceptances.
Stock exchange call loans..
New
Renewals
Federal funds
U.S. Government (short-term)
New issues (bills)
Market yields

Weekly figures

Monthly figures

Annual figures

Averages
of
daily
figures

Averages
of
daily
figures

Averages
of
daily
figures

Average yield on all Average yield on all ac- Averages of weekly
accepted bids
cepted bids
figures
Averages of daily clos- Averages of daily closing Averages of weekly
ing bids
bids
figures

these figures are of interest in connection with
the rates on such paper, given in Table 5.4
The accompanying table shows the basis for
calculating average yield series.
SHORT-TERM OPEN MARKET RATES IN
NEW YORK CITY

When a bank does not have enough reserves
and cannot replenish its supply by, for example, withdrawing balances from a correspondent bank, by purchasing Federal funds, or by
raising rates on time certificates of deposit so
as to attract funds, it has the choice of borrowing from the Reserve Bank at the discount rate
or of liquidating some of its assets. The assets
that it is most likely to liquidate are those that
involve the smallest loss of principal or yield
or that have a fully developed market, which
permits sales without a significant concession
in price. Short-term open market paper is that
type of an asset.
The short-term open market rates shown
in this section are those quoted in New York
City, which is the chief money market center
in this country. Money from all parts of the
country is loaned in that market, and in normal
4
The volume of loans or securities of other types for
which open market rates are shown in this section will be
made available in other sections of Supplement to Banking and
Monetary Statistics.




times borrowers throughout the world obtain
funds there. While U.S. short-term markets
are closely interrelated, each deals with a
specialized instrument. Hence, rates in these
markets vary to some extent depending on
differences in the supply of short-term funds
relative to the demand from the various types
of short-term borrowers.
These markets are called "open" markets
because transactions in them are usually on
an impersonal basis with the borrower and
lender dealing through agents, as distinct from
a "customer" market where the borrower and
lender deal directly with each other and where
transactions are often on a personal basis.
As a result of the impersonal relationships that
exist in the open market, lenders may feel
more free to sell the paper they hold, to call
their loans if necessary, or to refrain from renewing credits upon maturity.
Table 5 includes three series of rates for
loans based on commercial transactions and
two series of rates for loans based on security
collateral. These figures are collected by the
Federal Reserve Bank of New York. Rates
on commercial paper and on bankers' acceptances are averages of daily offering rates of
dealers. Rates on finance company paper
placed directly—not available before 1947—
are averages of daily rates for varying maturities in the 90-to- 179-day range; rates are

quoted by the individual finance companies
that place such paper.
Rates on Stock Exchange call loans are
averages of daily quotations. Separate figures
for new and renewal rates were discontinued
beginning with March 1957, and only one rate
is available thereafter.
During 1941-45 the rate on bankers' acceptances was unchanged at 0.44 per cent and
that on Stock Exchange call loans—new and
renewal—was unchanged at 1.00 per cent;
therefore no figures for these series are shown
in the weekly table until 1946.
EFFECTIVE RATES ON FEDERAL FUNDS
Federal funds are excess reserves on deposit
with Federal Reserve Banks that commercial
banks and others may borrow or lend to adjust
reserve positions or to make payments in immediately available money. The major participants in the Federal funds market are commercial banks, especially the larger banks in
financial centers. These banks borrow Federal
funds to cover their reserve deficiencies and
lend Federal funds to employ their excess reserves. Large banks also trade in Federal funds
with their correspondent banks as an accommodation to them. Other participants in the
Federal funds market include dealers in U.S.
Government securities, agencies of foreign
banks, and a few savings banks.
The "effective" rate on Federal funds is estimated each day by the Federal Reserve Bank
of New York. It is not a statistical calculation,
such as an average, of the rates paid on all
transactions in Federal funds. Rather, it represents a concensus of major market participants
in New York City as to the rate at which most
transactions in these funds were executed during the day, after taking into account reports
from active participants in the market. The
data shown in Table 6 begin with the week
ending July 14, 1954, when the Federal Reserve Bank of New York began to estimate the
daily figure.




YIELDS ON SHORT-TERM
U.S. GOVERNMENT SECURITIES

During the 193O's the supply of private open
market .paper declined sharply, and banks invested an increasing amount of funds in U.S.
Government obligations, particularly those with
short maturities. Over the years nonbank investors too, particularly business corporations,
have become important holders of short-dated
Government securities. As a consequence,
market yields on short-term Government securities have come to be regarded as basic series
on open market money rates.
The Treasury's short-term marketable debt
consists of bills and coupon issues. Bills were
first issued by the Treasury in December 1929.
They differ from other types of securities because they are sold on a discount basis instead
of being offered with an interest coupon. Treasury bills have been issued with varying maturities of up to 1 year, but the largest amount
outstanding has been in 3-month bills. As
of the end of 1963, bills were being offered
with maturities of 3 months, 6 months, and
1 year.5 There were no 6-month bill offerings
between the mid-1930's and late 1958, and
1-year bills were first marketed in July 1959.
The Treasury's short-term coupon obligations consist of certificates of indebtedness,
notes, and bonds.6 Certificates are issued with
maturities not exceeding 1 year. Notes have
initial maturities of 1 to 5 years, while bonds
have original maturities of more than 5 years.
Table 7 shows yields on short- and intermediate-term U.S. Government securities, and
Tables 11 and 12 show yields and prices of
long-term U.S. Government bonds.
The market yield series shown in Table 7
are based on closing bid quotations reported
daily to the Federal Reserve Bank of New
York by dealers in U.S. Government secur5
The Treasury also issues tax anticipation bills on which
maturities usually range from 3 to 9 months.
6
The Treasury has at times issued certificates of indebtedness bearing no coupons; accrued interest on such issues is
paid at maturity.

ities.7 Quotations on 3-month, 6-month, and
12-month Treasury bills are for the issues
closest to these maturities. The rate on new
issues represents the average yield on all accepted bids for such issues.
There are two yield series for short- and
medium-term coupon issues. The short-term
series is composed of selected certificates,
notes, and bonds due in 9 to 12 months, while
the medium-term series is made up of selected
notes and bonds due in 3 to 5 years. The
average maturity of the issues in each category
varies somewhat with the passage of time
and as new issues are added and old ones
removed.
Market yields on Treasury bills are not
strictly comparable with those of coupon
issues. Bill yields are computed on a bank
discount rate basis and therefore only approximate a true yield. More specifically, the computation of the discount makes use of a 360day year, and it bases the return on par rather
than the discount normally paid for the bills.
Moreover, it ignores the results of compounding for bills maturing in more than 6 months.
The first two considerations give the yield a
downward bias, and the upward bias resulting
from the absence of compounding on longer
bills offsets this only in part.
BANK RATES ON SHORT-TERM
BUSINESS LOANS

Another market for short-term funds is that in
which banks provide credit to their customers.
A substantial proportion of the business credit
extended by banks is in the form of short-term
loans directly to individual customers. Because
these loans involve a variety of considerations arising out of customer relationships, the
market for them differs considerably from the
open market for short-term funds.
7
Before April 1953, yields were based on the mean of
closing bid and asked quotations. For bonds with optional call
d,ates, yields are computed to earliest call date for issues
selling above par and to final maturity for those selling at
or below par.




Table 8 shows two series on interest rates
that are applicable to this market: (1) the
prime rate and (2) average rates.
Prime rate. The prime rate is the rate that
banks charge their most creditworthy business
customers on short-term loans. It is the base
from which rates charged on loans to other
business customers are scaled upward. The
prime rate is not a sensitive rate that fluctuates daily in response to short-term changes in
demand and supply as measured by a national
market. Rather, its movements tend to be infrequent, and they tend to lag appreciably behind changes in the general business situation
and in open market money rates.
Prime rates are "formally" posted only by
the largest banks. A nationally publicized and
uniform prime rate did not emerge until the
depression of the 1930's. The rate in that
period—Wi per cent—represented a floor below which banks were said to regard lending
as unprofitable. The rate remained at that
level until December 1947.8
The criteria that borrowers must meet if they
are to qualify as "prime" cannot be precisely
defined. Over the long run about half of the
total dollar volume of short-term business loans
(including new loans and renewals) reported
by the banks in the 19 leading cities that are
included in the Federal Reserve quarterly survey of interest rates have carried the prime
rate; this proportion is subject to some cyclical
fluctuation. The proportion is much higher
for large loans and is much lower for small
loans.
Table 8-A shows the effective dates of
changes in the prime rate beginning with 1929.
The date shown is that on which the new
rate was put into effect by the first bank to
make the change. The table shows a range of
rates for 1929-33 because no information is

8
For a discussion of the history of the prime rate and its
role in the lending process, see "The Prime Rate," Monthly
Review, Federal Reserve Bank of New York, April and May
1962, pp. 54-59 and 70-73.

available to indicate when the rate changed
in that period.
Average rates on business loans. Because
of the wide range in rates charged on individual
loans at any one time—owing to variations in
the type of borrower and the type of loan—
it has been difficult to compile a series of representative or typical rates with assurance of consistency over time. In order to improve the
series, methods of reporting the basic data and
of compiling the series have been changed from
time to time.
The Federal Reserve series on interest rates
charged by banks on business loans begins with
1919. Since then the System has collected
reports on rates charged by selected large
member banks in a number of leading cities on
specified types of loans. The number of cities
reporting and the types of loans included have
varied. In January 1928, the number of reporting cities became constant at 19—New
York City, 7 other northern and eastern cities,
and 11 southern and western cities. In March
1939 a revised system of quarterly reporting
was instituted. The new series was limited to
rates on new short-term commercial and industrial loans. To provide a comparison of the
new rates with those for previous years, a revised set of figures for the period January
1928-February 1939 was compiled from reports previously submitted.
The leading cities covered by the interestrate series are representative financial centers.
They have large loan markets, and the interest
rates there are probably more responsive to
changes in general monetary conditions than
are rates in other places. Because of the financial importance of these cities, their influence
predominates in any compilation of rates designed to show movements of rates in large
cities.
Surveys conducted by the Federal Reserve
System in the 1940's made available important
new data regarding interest rates and discount
rates on bank loans and the relationship of




various loan and borrower characteristics to the
interest rate. Such data emphasized the need
and provided the basis for a comprehensive
revision of the series. This revision began
with June 1948.
The reporting form adopted at that time provided data for each loan whereas previously
the bank had reported the total number and
dollar amounts of loans made at certain interest rates or within a certain range of rates.
Data reported on the new form, as well as data
obtained in previous and subsequent comprehensive business loan surveys, indicated that
the wide variation in rates at any given time
reflected differences in size of loan more than
it reflected differences in city or region, which
had been the basis of earlier averages. For
this reason changes in average rates from one
period to another before the revision often
reflected changes in the size distribution of
loans rather than in the general level of interest
rates. Data for individual loans permit the
computation of average rates in a manner that
adjusts for changes in size composition. Therefore, they reflect more accurately variations
over time in the level of interest rates.
Table 8-B shows average rates charged by
selected large member banks in 19 leading cities
on short-term business loans classified by four
size classes and by three geographic areas quarterly beginning with June 1948.
Data previously compiled were reworked for
the period March 1939-March 1948 to provide estimates of average rates charged on
loans for all 19 cities by the same size-of-loan
classifications as those shown for the new
data. These figures are shown in Table 8-B.
There are no size-of-loan figures for the three
geographic areas until June 1948.
The following paragraphs describe how average rates have been computed on the basis of
the types of data that have been available since
June 1948. The averages are based on rates
charged on each loan (new or renewal) that
was made for business purposes during the first

10

COMMERCIAL AND FINANCE COMPANY
PAPER AND BANKERS' ACCEPTANCES
OUTSTANDING

15 days of March, June, September, and December.
1. All short-term business loans—that is, those
with a maturity of 1 year or less—are sorted out by
the Federal Reserve Banks and then grouped by
major geographic area: New York City, 7 northern
and eastern cities (Boston, Buffalo, Philadelphia,
Pittsburgh, Cleveland, Detroit, and Chicago), and 11
southern and western cities (Baltimore, Richmond,
Atlanta, New Orleans, Dallas, St. Louis, Kansas City,
Minneapolis, Seattle, San Francisco, and Los Angeles).

Tables 9 and 10 show amounts of commercial
and finance company paper and bankers' acceptances outstanding. The acceptance figures
are shown by type of holder and by type of
acceptance.
Before 1948 only a total for commercial
paper is available; this appears in Table 9.
Thereafter, figures are available for commercial
paper and finance company paper combined,
and this total is broken down by method of
placement (Table 10). Table 9 shows end-ofmonth data for 1941-52; Table 10, end-of-year
1948-52 and end-of-month 1953-63. All figures were compiled by the Federal Reserve
Bank of New York.
The maturity coverage and the reporting
coverage for commercial paper are not entirely
comparable over the period. The figures in
Table 9 represent paper maturing within 7
months, as reported by principal paper dealers
in this country. Those in Table 10 represent
paper with an original maturity of 9 months
or less (including some finance company paper
sold in the open market) as reported by a varying number of dealers.
Finance company paper placed directly with
investors represents the amount reported by a
varying number of finance companies. Table
10 shows the amount of such paper outstanding
beginning with December 31, 1948, the earliest
date for which these figures are available. Before November 1958 a small amount of finance
company paper with an original maturity of
more than 270 days was included with total
finance company paper; thereafter the totals
include all paper in this maturity grouping.
Figures for bankers' acceptances are
amounts reported by banks and bankers in the
United States as well as by agencies of foreign
banks located in the United States.

2. The loans for each area are then broken down
into nine size classes:
Size class
(thousands of dollars)
1-5
5-10
10-25
25-50
50-100
100-200
200-500
500-1,000
1,000 and over
3. Averages of rates paid on loans in each size
class are computed for each area by dividing the
dollar amount of interest charged, figured at an
annual rate, by the dollar amount of loans made in
each class.
4. The resulting averages for nine size classes for
each area are combined into four major size groups
(see Table 8-B). The weights used for this computation are based on the importance in each area
of the minor size classes in the loan portfolio of the
reporting banks as of the November 20, 1946, survey
of business loans.
5. For the four major size groups an average rate
for all 19 cities is calculated by combining the corresponding averages for the three geographic areas.
These too are weighted averages, based on the distribution of short-term loans outstanding at ratereporting banks on November 20, 1946.
6. For each of the three geographic areas, and for
all 19 cities taken together, an average rate is computed to show the over-all average movements in
rates on all sizes of loans. In each case this average
is obtained by combining the average rates for the
four major size groups of loans.9
9
For an illustration of the calculation of average interest
rates for Dec. 1-15, 1948, see the March 1949 Federal Reserve

Bulletin, p. 235.




11

SECURITIES MARKETS
Credit conditions are affected by and affect
various developments in securities markets. An
important part of the Board's continuous study
of general credit conditions, therefore, is concerned with securities markets and changes in
long-term interest rates. An additional reason
for watching the securities markets grows out
of the Board's responsibilities for regulating
margin requirements for the purchase and sale
of listed stocks. In this respect credit policy is
directly related to the securities markets.
The statistics for securities markets are organized into two groupings: bond yields and
prices (Tables 11-13); prices and yields on
stocks, and volume of trading (Tables 14-18).
The following paragraphs describe these series
in detail. The accompanying table has been
designed to show users of the statistics in
Tables 11 through 15 how the averages of
security yields and prices are calculated.
Figures for stock market credit and new
security issues and for changes in outstanding
corporate securities are discussed on pages
17-24. Differences in bonds and stocks are
described on page 21.

obligations before maturity. For each of these,
capital gains or losses arising out of price
changes may be more important than market
yields.
Nor do yields reflect the costs of funds to the
borrower. When a new security is marketed, its
yield is related to the market yield on outstanding issues of comparable quality and terms, but
the yield on the new issue generally exceeds
the yield during the same period on outstanding
issues by the cost of flotation—including
underwriters' compensation—and any discount
from market price that may be required to
facilitate initial placement of the issue.
Yields on different types of long-term securities reflect—in addition to the general level of
interest rates—relative supplies of various types
of securities, preferences (including those imposed by legislation and regulation) of investors
for the various types, relative amounts of funds
available to investors with different types of
preferences, and distinctive characteristics of
the various types of securities. Among the
latter, the most important are the market's
evaluation of differences in underlying risk,
differences in marketability, and differences in
the tax status of the income return to investors.10 The price and yield series presented
in Tables 11, 12, and 13 are classified by some
of these characteristics.
Table 11-A shows annual and monthly
yields for U.S. Government bonds; for State
and local government bonds, by rating; and
for corporate bonds by rating and by industry.
Table 11-B shows weekly data for these series,
except that Moody's series for State and local
government bonds do not begin until 1948.
Table 12 shows price series for U.S. Government, high-grade State and local government,
and high-grade corporate bonds. These series

BOND YIELDS AND PRICES

Changes in bond prices are useful as rough
indicators of changes in the value of invested
funds, particularly over short periods of time.
Prices of bonds, however, are not precise measures of the return to the purchaser; the return is
also affected by the coupon rate and the length
of time to maturity. Market yields, which indicate the percentage rate of return to investors
on securities purchased at current market prices
and held to maturity (taking into account the
effect of differences in the length of time to
maturity and in coupon rates), measure changes
in the costs of money more precisely than
prices. However, they do not necessarily reflect the return realized by purchasers on other
dates or by investors who dispose of their




10
Yields on securities also vary because of differences in
term to maturity. Except for Table 13, only long-term securities are considered here (for discussion of yields on shortterm securities see pp. 7-9).

12

BASIS OF FIGURES USED FOR AVERAGE YIELDS AND PRICES ON LONG-TERM SECURITIES
Series
U.S. Government bonds:
Yields
Prices (dollars)
State and local government bonds:
Yields:
Moody's
Standard and Poor's (high-grade).
Prices:
Standard and Poor's (high-grade).
Corporate bonds:
Yields:
Moody's
Standard and Poor's (high-grade).
Prices (dollars):
Standard and Poor's (high-grade).
Common stocks:
Prices (indexes)
Standard and Poor's:
1900-18

1919-27

1928Securities and Exchange
Commission

Monthly figures,
averages of—

Averages of daily
closing bids

Thurs. figures
Wed. figures

Averages of daily
closing bid
Wed. closing bid

Daily figures
Wed. figures

Monthly figures

• 0).

(i).

Averages of daily 3
Last sale price during
week

(i).

Monthly high and low
Figures for one day
per week:
Fri. Feb.-Dec. 1928;
Thurs. Jan. 1929Apr. 1930;
Wed. thereafter

2

Weekly figures

Monthly figures

Monthly figures

(4).

1 Not published in this section of the Supplement.
Based on indexes published by the Cowles Commission; see text.

3 Weekly averages in Table 14-B begin with 1934.
Same as for price series shown above.

2

4

are not averages of actual prices (except for
U.S. Government bonds prior to April 1952)
but are derived from three of the corresponding yield series shown in Table 11-A. They
represent prices that are equivalent to those
yields on the basis of an assumed coupon rate
and term to maturity. Thus, they indicate what




Monthly high and low
Figures for one day
per week:
Wed. Jan. 1918Oct. 1923;
Mon. Nov. 1923Dec. 1925;
Fri. Jan. 1926Dec. 1927
Daily figures
Weekly figures
Figures for one day
per week:
Fri.
Jan. 1926Dec. 1928;
Thurs. Jan. 1929Apr. 1930;
Wed. thereafter

Feb. 1928-

Yields

Weekly figures

Thurs. closing asked
Wed. closing bid

Yields (dividends/price ratio):
Standard and Poor's

Preferred stocks—Standard and Poor's
Prices (indexes)
Jan. 1910-Jan. 1928

Annual figures,
averages of—

Daily closing bids

Weekly figures

price movements would have occurred for a
representative bond of unchanging coupon and
maturity. Because of the wide and shifting
variety of coupon rates and maturities of bonds
actually outstanding, they do not measure the
actual average level of current price quotations in the market.

13

Table 13 shows annual figures for basic
yields on corporate bonds with various periods
to maturity. The basic yield is defined as the
yield of the highest grade issues that are free
from extraneous influences—that is, bonds that
are nonconvertible, noncallable, fully taxable,
free from manipulation, and so forth.
The following paragraphs describe the composition of individual series shown in Tables
11-13 as well as the sources of the data.

on the basis of quality, trading activity, and geographic representation; the average quality of the
bonds is between AAA and A.
Prices (Table 12). The series on prices of high-grade
State and local government bonds is derived from the
average yields shown in Table 11-A on the basis
of an assumed 4 per cent bond with 20-year maturity.
Source: Standard and Poor's Corporation Security
Price Index Record, 1964 Edition, pages 204-05, and
earlier editions.
State and local government bond yields—Moody's
series (.Table 11). Series represents the market
yield to maturity on long-term tax-exempt State
and local government bonds as reflected in the yields
of selected bonds rated Aaa, Aa, A, and Baa by
Moody's Investors Service. The 20 bonds included
are all general obligation issues with an average maturity of 20 years. They are selected on the basis
of quality (5 bonds in each of the four quality rating
groups), trading activity, and geographic representation. The yield for each group is an unweighted
arithmetic average for the 5 bonds included, computed from Thursday closing asked quotations and
adjusted as necessary for occasional abnormally wide
spreads between bid and asked quotations and for
other temporarily distorting factors. The composite
series is an average of the average yields for the
four rating groups. Weekly data are not available
before 1948.
Source: Monthly and annual averages, Moody's
Municipal and Government Manual, 1964 Edition,
pages a20-a22; weekly figures, Moody's Bond Survey.
High-grade corporate bonds—Standard and Poor's
series: Yields (Table 11). Series is an arithmetic
average of the yields to maturity of 17-19 taxable,
nonconvertible, representative corporate bonds rated
AAA by Standard and Poor's Corporation.13 It includes the bonds in Standard and Poor's AAA industrial, railroad, and public utility series. Both the number of bonds and the average maturity vary slightly
from time to time as deletions are made to reflect
changes in rating or approaching maturity, or because
a bond is called or sells too far above its call price and
no appropriate substitute is immediately available. As
of February 1964, the three major categories contained
7, 5, and 6 bonds, respectively, and the average term
to maturity was about 26 years.
The weekly figures in Table 11 are averages of the
yields for the three industry groups combined; each of
these figures in turn is an unweighted arithmetic average computed from Wednesday closing bid quotations
for the bonds in the particular industry group.
Prices (Table 12). Series is derived from the average yields shown in Table 11-A on the basis of an
assumed 4 per cent, 20-year bond.
Source: Standard and Poor's Security Price Index
Record, 1964 Edition, page 183, and earlier editions.

U.S. Government bonds: Yields (Table 11). An
unweighted arithmetic average of yields on a varying
number of long-term U.S. Government marketable
bonds is computed each day from closing bid prices;
these yields are computed to maturity for bonds selling
at or below par and to first call date for those selling
above par. This series includes partially tax-exempt
bonds for the period before November 1941 and fully
taxable bonds thereafter. The maturity groupings on
which the series is based vary: the series includes bonds
due or callable after 15 years for the period January
1941-March 1952; after 12 years, April 1952-March
1953; and 10 years or more beginning with April
1953.X1 The average maturity of the issues in the series
varies because of changes in definition and also because
of the passage of time and the inclusion of new bonds
after issuance.
Source: Federal Reserve Bulletin.
Prices (Table 12). The series for prices of U.S.
Government bonds is based on the same issues
as the yield series. For the period January 1941March 1952 it is an unweighted arithmetic average
of actual closing bid prices. Beginning with April
1953, it represents hypothetical prices derived from
the yield series on the basis of an assumed 3 per cent,
20-year bond.
Source: Federal Reserve Bulletin.
High-grade State and local government bonds—
Standard and Poor's series: Yields (Table 11). An
arithmetic average of the yield to maturity of 15
high-grade (rated A or better 12 ) tax-exempt, general
obligation bonds of State and local governments
in the United States is computed from Wednesday
closing bid quotations; the maturity of each bond
is approximately 20 years. The issues are selected
11
Bonds paying interest subject to full Federal income
taxation were first issued in March 1941. Until that time interest on U.S. Government bonds was partially tax exempt.
A varying, but decreasing, volume of these bonds remained
outstanding during the period 1941-62.
12
Both Standard and Poor's Corporation and Moody's
Investors Service rate State and iocal government and
corporate bonds by quality; the former uses the designations
AAA, AA, A, and BBB for investment-grade bonds in order
of ascending risk, while the latter uses the designations Aaa,
Aa, A, and Baa, also in ascending order of risk. Bonds
rated AAA and Aaa, those rated AA and Aa, and so forth,
by the respective organizations are of approximately the same
quality.




13
This high-grade yield series is not the same as the one
shown in Banking and Monetary Statistics. That series, which
was compiled by the U.S. Treasury, has been discontinued.

14

covered and which were not subject to special influences, with occasional reference to municipal and
government yield quotations for interpolation of
maturities. For each year the yields to maturity of
outstanding bonds were plotted by term to maturity
on a scatter diagram. The basic yield curve for
each year is a free-hand curve so fitted that it passes
below most of the yields on the chart but usually
above a few isolated low ones. Basic yields for each
maturity are read from the curve.
The yields shown in Table 13 are for selected maturities that were least subject to error and required
least reference to State and local and to U.S. Government yield quotations for interpolation of maturities.14 There have been no issues of 50-year or 60year corporate bonds in recent years; hence, it has become impossible to obtain reliable basic yield estimates
for obligations with maturities of more than 30 years.
It has also been difficult to obtain a valid basic yield
for prime obligations in the short-term area; the
1-year yield shown here is an approximation obtained by extrapolation of yields on government bonds
and on equipment trust certificates.
Data for 1941-57 are based on high and low
quotations for each of the first 3 months of each
year; the 1958-63 figures are based on actual end-ofmonth sales or quotations for February.
Source: 1942-53, The Economic Almanac 1953-54,
page 119, National Industrial Conference Board. 195358, David Durand, "A Quarterly Series of Corporate
Bond Yields, 1952-1957, and Some Attendant Reservations," The Journal of Finance, Volume XIII, Number
3, September 1958. 1959-63, Scudder, Stevens, and
Clark, New York.

Corporate bond yields—Moody's series: (Table 11).
Moody's corporate bond yield series represent market
yields to maturity on long-term, taxable, nonconvertible
seasoned corporate bonds as reflected in quotations on
selected bonds rated Aaa, Aa, A, and Baa by Moody's
Investors Service. Seven groupings are shown—4 series
by quality rating (Aaa, Aa, A, and Baa), and the 3
industry series (industrials, railroads, and public utilities).
The total number of bonds included, according to
Moody's formula, is intended to be 120, with each
quality rating group including 10 industrial, 10 railroad, and 10 public utility bonds. But there have
not always been 10 bonds in each classification that
would meet all the criteria for suitability. For
example, as of July 1964, the Aaa series included
7 industrials, 6 railroads, and 10 public utility
bonds; the Aa series included 10 industrials, 5 railroads, and 10 public utility bonds; and the other
two rating groups each included 10 bonds in each
industry group. The average term to maturity of
the bonds included has also varied somewhat over
time. In July 1964 it was about 24 years, with
industrial bonds having a slightly shorter, and railroad bonds a slightly longer, term to maturity.
The daily yield for each bond is computed on the
basis of its closing price, as reported in dealer asked
quotations, adjusted as necessary for occasional abnormally wide spreads between the bid and asked
quotations or for other temporarily distorting factors.
Figures for each industry grouping of each rating
group are unweighted arithmetic averages of the
yields on the individual issues in that group. Figures
for industry groups are averages of all ratings for
the industry; for rating groups, averages of figures for
all three industries. And the total is an unweighted average of the averages for the three industry groups.
Issues are selected to represent typical long-term
bonds in each rating group for the three industrial
categories. Substitutions in the bond list are made
when a rating has been changed, when a bond has
been called or sells too high above its call price,
or when it is approaching maturity. Suitable adjustments (usually small) are introduced to prevent substitution from impairing the comparability of the
series; these adjustments are gradually amortized.
Source: Monthly and annual averages: Moody's Industrial Manual, 1964 edition, pages al9-a21; Moody's
Transportation Manual, 1964 edition, pages a48-a50;
Moody's Public Utility Manual, 1964 edition, pages
a4-a6; weekly data: Federal Reserve computation from
daily figures published each week in Moody's Bond
Surveys.
Basic yields of corporate bonds (Table 13). The
series on basic yields shown in Table 13 represents
the yields estimated to have prevailed in the first
part of each year on the highest grade corporate
issues, classified by term to maturity. Each estimate
is based on quotations for practically all high-grade,
seasoned, nonconvertible, corporate bonds for which
valid quotations were available during the period




STOCK PRICES, YIELDS, AND
TRADING VOLUME

This section includes two series on prices of
common stocks and one on prices of preferred;
also series on dividend and earnings yields
on common stocks and dividend yields on preferred stocks. In addition to the descriptions
given below, users of the statistics may refer
to the tabulation on page 13, which shows the
basis of the figures used in calculating the averages shown in Tables 14-16.
Common stock prices. Each of the price
indexes for common stocks—Standard and
Poor's shown in Table 14 and the Securities
and Exchange Commission series shown in
Table 15—is designed to measure composite
14
See Banking and Monetary Statistics, p. 477, for a wider
range of maturities for earlier years.

15

changes in price for a large group of actively
traded common stocks, which account for a
high proportion of the total market value of
stocks listed on the New York Stock Exchange.
The series in Table 15 was discontinued by
the Securities and Exchange Commission at the
end of May 1964. This table has been updated
to show figures to that date.
The selections for the series in both Tables
14 and 15 were based on (1) aggregate market
value of all outstanding shares of each stock,
(2) trading activity, and (3) industry representation. The statistical concepts and procedures used in computing the two series are
almost identical too. Both series are indexes—
that is, prices for a given period are expressed
as a relative of prices for a selected base
period. They do not represent actual prices.
They are designed to permit both short- and
long-run comparisons of price changes for
listed issues after eliminating the distorting
effects on prices of issuance of rights, mergers,
and so forth.
Nevertheless the two indexes do differ in a
number of ways. For instance: (1) Standard
and Poor's index covering some 500 stocks
is somewhat broader in coverage than the
SEC index, which covers 300 stocks. (2)
Standard and Poor's index is based on daily
closing prices; the SEC index, on weekly
closing prices. (3) Major industry groupings in
the Standard and Poor's index conform to market usage, whereas the SEC classification is
based on the Standard Industrial Classification
of companies used in most Governmental statistical series.15

the stocks in the sample expressed as a percentage of
the average market value of the stocks included in the
series in a base period (1941-43 = 10). So that the
indexes will reflect only fluctuations in current market
values, adjustments in the base-period value are made,
as necessary, to offset the effect of issuance of rights
and consolidations and acquisitions. Additions to or
deletions from the list also make it necessary to adjust
the base value.
Each stock in the index is weighted (number of
shares outstanding multiplied by daily closing price)
so that its influence will be in proportion to its
market importance. Market values for the component stocks are aggregated to obtain the market
value for their particular group. These values are
all expressed as a relative, or index number, to the
base period (1941-43) market value, and the index is
obtained by multiplying the resulting quotient by 10.
Daily indexes before February 1957, when the new
base period was first used (and daily computation of
the 500 stock series began), are a conversion of
Standard and Poor's earlier 90 stock index. Monthly
figures for the period 1900-18 are based on the
Cowles Commission stock price indexes, adjusted to
the 1941-43 base by Standard and Poor's.
Source: Standard and Poor's Corporation Security
Price Index Record, 1964 Edition.
The SEC price index, which was discontinued in
late May 1964, is a measure of the average prices of
300 of the more actively traded common stocks listed
on the N.Y. Stock Exchange. This group accounted for
about two-thirds of the value of all trading in common
stocks on the exchange in 1957.17
Like the Standard and Poor's indexes, this index
represents the aggregate market value of the stocks
included (that is, price multiplied by shares outstanding) for a given period expressed as a percentage
of the aggregate market value of these same stocks
for a base period (1957-59 average = 100) with appropriate adjustments to eliminate the effect on prices
of the issuance of rights, mergers and so forth.
Source: Securities and Exchange Commission,
S.E.C. Stock Price Index.
Yields and earnings/price ratios. The yield on
common stocks shown in Table 16 is for stocks in
Standard and Poor's 500 stock index. It is obtained
each week by dividing the aggregate cash dividend
(based on the latest known annual rates for the stocks
included in the index) by the total market value for
a single day during the week as described in the
table on page 13.
The earnings/price ratio is obtained by dividing
aggregate earnings of the 500 stocks in the Standard
and Poor's common stock index for the period by aggregate market values of the stocks at the end of the
period. For the period 1926-34, the figures are for the

Standard and Poor's index of common stocks measures average price movements of 500 common stocks
(425 industrial,25 railroad, and 50 public utility) representing about 90 per cent of the market value of all
common stocks listed on the N.Y. Stock Exchange.16
The indexes are based on the aggregate market value of

15
In addition, Standard and Poor's publishes indexes for
more subindustries than the SEC, but the tables in this section
are limited to the major industry groups.
16
The indexes presented in these tables—total, industrial,
railroad, and public utility—are further broken down by
Standard and Poor's into 99 subgroups.




17
In addition to the total index and major industry groups
shown in the tables in this section, the Commission also published data for 32 subindustries, also based on the Standard
Industrial Classification.

16

in Tables 17 and 18. Statistics on the volume
of trading on other exchanges are available
in reports of the SEC; in general, trading on
other exchanges has tended to fluctuate with
that on the N.Y. Stock Exchange, but is very
much smaller. Data on trading in the over-thecounter market are not available.
Table 17 shows the volume of share trading
in round lots as reported by the Exchange
and on the Exchange ticker; it excludes "odd
lot" (generally less than 100 shares) and "certain minor" transactions, which are not reported on the Exchange ticker. The weekly
averages for the period 1934-63, shown in
Table 17-B, have been computed by dividing aggregate weekly trading volume by the
number of trading days in the week, each day
representing 5l/i hours of trading. On September 29, 1952, trading on the Exchange was increased from a 5-hour to a 5lA -hour day Monday through Friday, and the 2-hour trading day
on Saturday was discontinued. Weekly data for
the period before that date have been adjusted
to the current basis by assuming hourly trading
would have been the same regardless of the
length of the trading day.
Table 18 presents figures compiled by the
SEC on the total volume of shares traded on
the Exchange and the money value of these
sales. These figures include round-lot volume
as reported by the N.Y. Stock Exchange and
also trading in odd lots and "unreported"
round-lot transactions. They are compiled from
reports furnished by members of the N.Y.
Stock Exchange in connection with fees payable under the Securities Exchange Act of
1934.

end of the year and are based on actual earnings of
the 500 companies during the year.
From 1935 on, the ratios are for the end of each
quarter; aggregate earnings are converted to an annual
rate by taking the average earnings for the quarter for
the stocks in the index, adjusting these earnings for
seasonal variation, and multiplying that figure by 4.
From 1935 through the third quarter of 1950, aggregate earnings are based only on those of companies reporting quarterly, but by the end of that period coverage had become almost complete. Beginning with the
fourth quarter of 1950, estimates of quarterly earnings
for the missing companies have been included. The
annual figures since 1935 are averages of the four
quarterly ratios.
Source: Standard and Poor's Corporation Security
Price Index Record, 1964 edition.

Preferred stock prices and yields. The series

for prices and yields of preferred stocks shown
in Tables 14 and 16 are from Standard and
Poor's Corporation.
The preferred stock price series, as with the bond
price series, does not represent averages of actual
prices since February 1928; since that time, the yield
series for preferred stocks described below has been
converted to a price basis assuming a $7 dividend.
For earlier years (January 1910-January 1928) the
monthly data are averages of monthly high and low
prices for 20 high-grade preferred stocks, the price
of each being first adjusted to represent a stock with
par value of $100 and an annual dividend of $7.
Before February 1928 the yield was computed
from the average price of 20 high-grade preferred
stocks computed as described above. Beginning with
February 1928 the preferred stock yield has been
computed for a single day each week by determining
the yield for each of 15 (14 in February 1964) highgrade, noncallable issues, and using the arithmetic average of 9 (8 in February 1964) median yields to represent the entire group.
Source: Standard and Poofs Corporation Security
Price Index Record, 1964 edition.

Trading volume. Statistics on the number of
shares traded and the dollar volume of trading
in stocks on the N.Y. Stock Exchange appear

STOCK MARKET CREDIT
Since 1934 the Board of Governors has been
obligated by law to prevent excessive use of
credit for purchasing or carrying securities.
The Board was given power to limit the amount
of credit that can be extended for purchasing
or carrying stocks listed on national securities




exchanges. The limitations set by the Board
are known as margin requirements.
The following paragraphs describe margin
requirements as applied to brokers and dealers
and to banks and the various statistical
measures of stock market credit. Table 19

17

shows the changes in margin requirements,
Table 20 the volume of stock market credit
extended to customers by member firms of the
N.Y. Stock Exchange and amounts borrowed
by firms that carry margin accounts for their
customers for the period 1938-63; Table 21,
more detail on selected balance sheet items of
such member firms for the years 1942-63; and
Table 22, borrowing by all member firms of
the N.Y. Stock Exchange for the period
1941-63.

and individual brokers may require even higher
margins than those prescribed.
The requirements under Regulation T, which
became effective October 1, 1934, were those
already established as a standard by the Securities and Exchange Act, which had placed
margin requirements on various issues of listed
stocks and bonds within a range of 25-45 per
cent, the requirement for each issue depending
on the relationship between its price at the
time of the loan and its lowest price since July
1, 1933. As of February 1, 1936, the Board
raised the upper limit of the range to 55 per
cent, and as of "April 1, 1936, it made the 55
per cent requirement applicable to all listed
stocks and bonds regardless of previous price.
Effective May 1, 1936, Regulation U of the
Board of Governors made comparable margin
requirements applicable also to loans made by
banks on stocks for the purpose of purchasing or carrying listed stocks. On November
1, 1937, margin requirements of 50 per cent
were applied to short sales of securities. On
the same date, lower margin requirements (25
per cent except for loans on securities sold
short, which required a 35 per cent margin)
were set for special omnibus accounts and
special loans to brokers and dealers; these
represent borrowings by brokers and dealers on
securities from banks or other brokers to
finance their customers' transactions. Effective
February 5, 1945, such accounts and loans
were exempted from margin requirements, and
since then margin requirements for short sales
have been the same as those prescribed for
regular transactions.
All changes in margin requirements have
been effective as of the opening of business on
the dates shown in Table 19 except for changes
on February 20, 1953, and January 4, 1955.
Those were made effective after the close of
business.

MARGIN REQUIREMENTS

Margin requirements are set in accordance
with Regulations T and U, issued by the Board
of Governors pursuant to the Securities Exchange Act of 1934. Regulation T applies
to brokers and dealers. It limits amounts that
can be lent on corporate stocks and bonds that
are listed on a national securities exchange
and denies loan value entirely to corporate
securities that are not so listed. Regulation U
applies to banks. It limits lending for purchasing or carrying corporate stocks registered on
a national securities exchange. Loans secured
by stocks that were not made for this purpose
are exempt. So too are loans for purchasing
or carrying unlisted stocks and loans on bonds.
The regulations limit the amount of credit
that may be extended by prescribing a maximum loan value for the security—a specified
percentage of the security's market value at the
time credit is extended. The margin requirements are the difference between the market
value (100 per cent) and the maximum loan
value. They indicate the percentage of the
purchase price of a security that the buyer
must cover with cash at the time of purchase.
The Board prescribes an initial margin only;
lenders may set up maintenance margins on
their own. Members of the N.Y. Stock Exchange are required to abide by a ruling of that
Exchange which sets the minimum percentage
of equity that a margin customer must maintain as his collateral (a "maintenance" margin),




STATISTICAL MEASURES OF CREDIT

Table 20 presents monthly data for the major
types of security credit extended to customers

18

and for the principal sources of funds of
brokers and dealers who are member firms of
the N.Y. Stock Exchange carrying margin
accounts for the period January 1938 through
1963. Table 21 presents detailed debit and
credit balances and related balance sheet items
for the same firms for June 30 and December
31, 1942-56, and for June 30, 1958-63. No
data were collected in 1957. Table 22 presents
monthly data on borrowings for all member
firms of the N.Y. Stock Exchange. The data
for those firms carrying margin accounts are
the same as those in Table 20; they are presented in both places to make comparison with
the other data easier.
Described below are the two major types of
credit—customer and dealer—and technical information on the data used.
Customer credit. The series on stock market credit extended to the ultimate customer
combines credit extended by brokers and dealers (customers' debit balances) and credit for
purchasing and carrying securities extended by
banks to others than securities brokers and
dealers. Both components exclude credit extended on U.S. Government securities except
for periods when these figures were not separately available. Bank loans to brokers and
dealers are excluded from the customer credit
total because the portion of such loans used by
brokers to lend to their customers has already
been included in the debit balance data. The
remainder represents funds that brokers and
dealers use in carrying on their other business.
Although the statistical measure of total
stock market credit to customers probably reflects the principal changes in the amount of
such credit outstanding, it is not complete. (1)
Security loans extended by others than brokers,
dealers, and banks are not included because no
statistical information on such loans is available. (2) The data on bank lending, composed
of loans explicitly classified as being for the
purpose of purchasing or carrying securities,
include only those loans made by weekly reporting member banks. However, scattered




benchmark data indicate that these banks account for the bulk of all such lending by commercial banks. (3) The data on customers' debit
balances include only credit extended by N.Y.
Stock Exchange members, but the amount
extended by other brokers is probably very
small. On the other hand, total customer credit
includes some lending on bonds, particularly
during periods when lending on U.S. Government securities can be excluded only in part
or not at all.
Broker and dealer credit. Brokers and dealers borrow principally to obtain funds to lend
to their customers; but they also borrow to
finance their own holdings of securities, which
they acquire in performing their functions as
dealers for their own account and as underwriters of new offerings of securities. This section presents two sets of figures on borrowing
by brokers and dealers.
Tables 20 and 22 show the amounts of
credit outstanding to brokers who are members
of the N.Y. Stock Exchange, and who also carry
margin accounts, from the two sources for
which data are available monthly. These
principal sources are banks and customers' net
free credit balances left on deposit with brokers and dealers. Borrowing from other sources
is legally restricted, and data are shown for less
frequent intervals in Table 21.
Table 22 shows borrowings by all member
firms of the N.Y. Stock Exchange from banks
and other lenders, except borrowing from other
members of national securities exchanges. And
as indicated earlier, it shows amounts borrowed by firms that do not carry margin
accounts as well as amounts borrowed by
those that do. Only their total borrowings
are shown before March 1943, but thereafter
the totals are subdivided into borrowings on
U.S. Government securities and borrowings on
all other securities. Beginning with April 1955,
borrowings on other securities by firms carrying margin accounts are broken down further
into borrowings on customer collateral and
borrowings on other collateral—that is, firm

19

and partner collateral. The data for this table
were collected by the Exchange from member
firms and are for the last trading day of the
month for the period 1941 through May
1955 and for the last Wednesday of the month
thereafter.

Federal Reserve. Figures for months other
than June and December for the period August
1942-February 1945 are estimates prepared
by the Federal Reserve on the basis of reports
from a small number of large firms. Beginning
with March 1945, the data are those reported
to the N.Y. Stock Exchange by all member
firms carrying margin accounts. Also beginning with March 1945, net debit balances were
reported separately for U.S. Government securities and other securities.
Data on "money borrowed" through 1940
are those collected by the Federal Reserve;
beginning with January 1941, the N.Y. Stock
Exchange has collected this information, which
is identical with that shown in Table 21 for
firms carrying margin accounts as described on
page 19.
Until 1938, banks reported their loans on
securities on a "collateral" rather than on a
"purpose" basis. In 1938 the Federal Reserve
began to obtain from the banks in its weekly
reporting member banks series, figures for bank
loans to others than brokers and dealers for
purchasing and carrying securities. These figures are shown for the last Wednesday of the
month in Table 20. Through 1943, loans on
U.S. Government securities are included with
loans on other securities, but the two are shown
separately for the period 1944-63. The figures
for loans on U.S. Government securities are for
all weekly reporting member banks for the
period 1944-52 and again beginning with July
1959. In the interim (January 1953-June 1959)
data on such loans are for New York and Chicago weekly reporting member banks only; at
other weekly reporting banks, figures for these
loans are included with those for loans on other
securities. The level of this series has also been
affected by changes that were made in July
1946 and July 1959 in the number of banks
covered.
Table 21, "Detailed Debit and Credit Balances and Related Items of Member Firms of
the N.Y. Stock Exchange Carrying Margin

DEFINITIONS AND COVERAGE

A "debit balance" arises when a customer borrows from a broker to purchase securities.
The purchase price of the security is debited
against the customer's account, with the securities held in the account. Cash paid to meet
margin requirements of the purchase is credited
against the account. The resulting debit balance represents the amount actually loaned to
the customer. A "credit balance" represents
cash deposits and the proceeds of stock sales
or dividends not withdrawn by the customer
or used to reduce any outstanding indebtedness. If there are no offsetting liabilities, such
as a short sale, this balance could be withdrawn
by the customer; hence it is called a "free"
credit balance.
In tabulating these figures, member firms of
the N.Y. Stock Exchange consider the net
position of each customer by combining balances if he has more than one account (for
example, cash, margin, and commodity accounts) and arrive at separate totals for those
customers whose combined accounts net to a
debit position and for those in net credit status.
Both debit and credit balance totals exclude
balances of the firm, its partners, or other
firms that are members of a national securities
exchange but include the temporary debits and
credits associated with cash transactions.
Figures for net debit balances and net free
credit balances in Table 20 are for the end of
the month. For the period 1938-July 1942,
and for June and December dates through
1944, they are ledger-account figures for all
member firms of the N.Y. Stock Exchange
carrying margin accounts, as collected by the




20

"money borrowed" after May 1955 a difference in reporting date, that is, the last Wednesday versus the end of the month.
It should be noted, however, that these summary figures do not disclose the "financial condition" of reporting firms. (1) They do not
show either the values of securities carried by
the reporting firms for customers or the current
market values of securities owned by the firms
themselves. (2) The amount reported against
the item "net balance in capital and profit
and loss accounts and partner's drawing accounts" does not represent actual net capital.
(3) They do not include such assets as exchange seats.

Accounts," summarizes selected balance sheet
data reported to the Federal Reserve System in
connection with its responsibilities under the
Securities Exchange Act of 1934. In addition
to data on net debit balances, net free credit
balances, and money borrowed, this table presents considerably more detailed information
on money balances as shown in the debit and
credit entries on the ledgers of these firms
as of the end of the specified month. Corresponding items are identical conceptually with
those presented in Tables 20 and 22 but differ
somewhat because of minor differences in reporting, statistical discrepancies, and for

SECURITIES ISSUES
Governmental units, corporations, and other
organizations obtain new external funds from
several sources. They may issue debt securities
with either long- or short-term maturities. They
may borrow from banks. In still other instances
they may sell mortgages, or they may increase
their equity base through sale of stocks.
Sales of new issues in capital markets are
one of their major sources of funds. The tables
in this section show the amounts of long-term
debt and equity financing. Although they omit
sales of short-term bonds and notes, the data
are a measure of specific types of demands for
funds in the capital markets.
Governments sell only debt instruments
(bonds, notes, debentures, and so forth)—with
a fixed rate of return and a specified date for
redemption. Corporations, on the other hand,
may sell either debt instruments or stocks.
A preferred stock—like a debt instrument—
has a fixed rate of return (dividend), but it is
junior to debt, and it does not have a specified
maturity. Common stock has neither a fixed
rate of return nor a specified maturity.
Security financing may be measured in terms
of gross proceeds, net proceeds, or net
changes in outstanding securities. Gross pro-




ceeds are derived by multiplying the offering
price by the number of units (except for State
and local government issues for which principal
amounts are used). Net proceeds represent
gross proceeds less estimated costs of flotation
—that is, underwriting compensation, legal expenses, and so forth.
For certain purposes—for example, for
analyzing the immediate impact of new offerings on security markets—the gross and net
proceeds figures may be more useful. For
other purposes—for example, for analyzing
longer-run relationships between saving and
investment—the figures for net change in securities outstanding may be more appropriate.
Data on proceeds (whether gross or net) measure the amount of funds raised by sales of securities in a particular period without taking into
consideration redemptions during the same
period of securities sold earlier by the same or
other corporations or governmental units. Data
on net changes in outstanding securities, calculated by deducting from gross new issues the
total of all securities redeemed during the same
period, are a measure of the net volume of
funds raised. The series on issues for new capital provides something more in the nature of an

21

of corporate offerings by type of issue—bonds
(both publicly offered and privately placed)
and stocks (preferred and common). Privately
placed corporate bond issues, which constitute
the bulk of privately placed securities, are
shown annually for the whole period and
monthly beginning with 1952.
Definitions of major types of issues follow:

intermediate measure, since it is composed of
issues sold to obtain new capital (excluding the
proceeds of refunding issues) but has not been
adjusted to take account of securities redeemed
with funds made available in other ways.
Tables 23 and 24 present data on gross sales
of new securities by governmental units, corporations, and other organizations. Table 25
presents data on net changes in securities outstanding for corporations only.

U.S. Government: Direct and guaranteed issues
only (excluded, as noted above, are interagency issues
and short-term issues such as Treasury bills).
U.S. Government agency: Federal agency issues
not guaranteed by the U.S. Government (currently,
issues of the Federal land banks, Federal intermediate credit banks, banks for cooperatives, Federal
home loan banks, Federal National Mortgage Association, and the Tennessee Valley Authority).
U.S. State and local government: Issues of all
States, territories, and possessions, and their subdivisions. Through 1951, data are as compiled by
the Commercial and Financial Chronicle; thereafter,
by the Bond Buyer.
Other: Issues of foreign governments and their instrumentalities, of international organizations (for
example, International Bank for Reconstruction and
Development), and of nonprofit institutions.
Corporate: Issues of both foreign and domestic
corporations sold in the United States.
Corporate issues for new capital include net proceeds
of all issues except those used for the retirement of
securities. Issues for new money represent funds to be
used for both purchase of plant and equipment and
additions to working capital (these are shown separately in the SEC publications); funds used to repay
short-term bank loans that were originally utilized for
these purposes are included. Proceeds for other purposes are used to repay term loans from banks, to
purchase securities, and for miscellaneous uses.

TOTAL NEW SECURITIES ISSUES
BY TYPE OF ISSUER

The estimates shown in Table 23-A, which are
for the period 1934-63, were prepared by the
SEC. They cover almost all new security issues
offered for cash for the account of the issuer in
the United States in amounts over $100,000
and with maturities of over 1 year. They represent offerings, not actual sales. However, the
proportion of the total that is not sold is believed to be quite small.
The estimates exclude several types of offerings: continuous offerings of employee-purchase plans; issues of open-end and closed-end
investment companies; and intercorporate
transactions where control is involved; sales of
issues that the U.S. Government makes directly
to Federal agencies and trust accounts; corporate notes issued exclusively to Federal agencies and trust accounts; corporate notes issued
exclusively to commercial banks; and portions
of issues known to have been sold outside the
United States.
Publicly offered issues are included as of the
offering date; privately placed securities are
included as of the takedown date—when securities are actually issued—regardless of when
purchase contracts were made. Privately placed
securities are defined as issues sold to a restricted number of investors without being offered to the public and without being required
to meet SEC registration formalities.
Table 23-A shows totals for 1934-63 of all
securities offerings (gross) with a breakdown
showing amounts by major groups and amounts




CORPORATE ISSUES

Net proceeds of corporate security issues are
shown for four major industry groups for the
period 1934-47 in Table 23-B. Beginning with
1948 a new classification based on the Standard
Industrial Classification was adopted. In this
classification, shown in Table 24-C, each issuer
is included in the industry from which it derives the bulk of its revenue. As a result of the
new classification there were some shifts of
industries among major groups, and several
new major groups were added. Because only
the real estate and financial group was unchanged, exact comparison of the new and old

22

"total (new capital and refunding)" and "total
amount delivered," except that the latter excludes U.S. Government loans. Issues are
included as of the date of sale, except that for
"total amount delivered" the date of inclusion
is the one on which the issuer receives the
proceeds.
Figures on classification by type of issue
are available only on an annual basis before
1957, but are monthly thereafter. Classifications by type of issuer and by use of proceeds
before 1957 relate only to issues of $500,000
or more. For each of these categories, issues
of less than that amount are shown in the
"other" category. Hence many classifications
in earlier years are understated relative to
those for later years.
Definitions of the groupings follow:

groups are not possible. The accompanying
tabulation shows the difference in the two
methods of classification.
INDUSTRY CLASSIFICATION
Before 1948
Industrial &
miscellaneous
Public utilities
Railroads
Financial & real estate

1948 and after
Manufacturing
Commercial & other
Extractive1
Electric, gas and water
Transportation, other
than railroads2
Communications3
Railroads
Financial & real estate

1
Included with commercial and miscellaneous between 1948 and 1952.
2
Includes aviation, previously included with industrial and miscellaneous.
3
Includes radio, previously included with industrial
and miscellaneous.

General obligations: Bonds secured by the full faith,
credit, and taxing power of the issuer.
Revenue bonds: Obligations secured solely by some
specific revenue source of the issuer, such as revenue
from utilities, from tolls collected by toll authorities,
from rental payments of public building authorities,
or from all or part of the revenue from a specified
tax or taxes.
Public Housing Authority bonds: Bonds sold by
local housing authorities pursuant to the Housing
Act of 1949, secured by contracts with the Federal
Public Housing Administration for annual contributions.
U.S. Government loans: Bonds sold to the Housing and Home Finance Agency and loans made under
miscellaneous programs. 20
Special district and statutory authority: Securities
of all special purpose units including some, such as
State toll road authorities, which are included under
"States" in some governmental classifications.
Other (under type of issuer): Securities of municipalities, counties, townships, towns, and school districts,
and before 1957, all small offerings regardless of type
of issuer.
Education: Issues for higher educational facilities
as well as for construction of primary and secondary
schools.
Road and bridges: Issues sold for both toll and free
facilities.
Utilities: Issues for electric light and power systems, sewer and sewage disposal systems, transit systems, and port and airport facilities.

NEW STATE AND LOCAL
GOVERNMENT ISSUES

Table 24 presents data on gross sales of longterm State and local government bonds by type
of issue and type of issuer and shows issues for
new capital classified by use of proceeds for
the period 1946-63.18 Data for 1946-56 were
compiled by the Federal Reserve from information published in the Bond Buyer; beginning
with 1957, the figures are compilations of the
Investment Bankers Association of America.19
Data represent principal (par) amount of
bonds, warrants, and certificates sold by States,
territories, and insular possessions of the
United States and by their subdivisions. In
addition to offerings to the general public, securities sold to other State and local government
units and to the U.S. Government are included
when reported. Coverage is the same for the
18
Long-term securities are those with an original maturity
of more than 1 year except that revenue anticipation notes
with maturities of more than 1 year are excluded.
19
Total new issues (new capital and refunding) shown in
Table 24 for the period 1952-56 are identical, except for
rounding, with the total for U.S. State and local issues shown
in Table 23. For other periods, these totals differ slightly
primarily because of statistical discrepancies in series compiled
by different organizations.




20 Federal loan data are not available separately before
1952, although small amounts are probably included in other
categories. Beginning with 1957, the coverage of such loans
is considerably broader, although still incomplete.

23

Additional adjustments are made in the
series on gross proceeds from new offerings as
follows:

Housing: Issues for construction of residential
housing units and for urban redevelopment.
Veterans' aid: Issues for payment of bonuses for
loan programs for veterans.
Other: Issues for health and welfare, recreation,
flood control, administrative and office buildings, industrial buildings for lease to private corporations,
and so forth, as well as multipurpose issues, and,
before 1957, small unclassified issues.
Except for veterans' aid and refunding issues, proceeds of most of the issues are used primarily to
finance construction, including land acquisition, of
facilities to provide the type service indicated by the
classification.2 *

Amounts added: (1) Sales to the general public
of securities held by affiliated companies or by U.S.
Government agencies. (2) Private sales of securities
to foreigners. (3) Sales to employees.
Deductions: (1) Security sales of foreign companies. The net change series is for domestic companies only, while the new issue series is for issues
sold in the United States, whether domestic or
foreign. (2) Estimates of securities offered but not
sold. (3) Any additional cash received in connection
with conversions. (4) Sales of securities to other
corporations.
Other: Proceeds are converted to a delivery-date
basis (that is, the date the issuer receives the funds)
from an offering-date basis for all public offerings
(private placements are already included on a delivery-date basis).

NET CHANGE IN CORPORATE
SECURITIES OUTSTANDING

Table 25 presents SEC estimates of the net
change in domestic corporate securities outstanding annually for 1934-63 and quarterly
for 1948-63.
Type of issue or issuer. The net change is
broken down by type of security (that is, debt
and stock—common and preferred) in Table
25-A and by industry of issuer in Table 25-B
for the years 1948 on. Definitions of these
classifications are the same as those described
in connection with Table 23 except as noted
below.
Method of derivation. Figures for net
changes are derived by deducting estimated
repayments by corporations for securities redeemed (retired) from estimated gross proceeds (as shown in Table 23) received by
corporations from sales of securities in the
same period, after making certain adjustments.
Deductions are made for retirement of securities of the type covered regardless of the source
of funds used for this purpose—that is, whether
from sale of new securities, from bank loans,
from internal funds, and so forth. Adjustments
are made between stocks and bonds outstanding when one type of security is exchanged for
the other as a result of conversion, recapitalization, mergers, and so forth.

Beginning with 1948, data are shown for net
changes in outstanding securities of investment
companies. In the table showing net change by
type of issue, these data are shown separately
as well as in the total for all securities
and in the breakdown by type of issuer they are
included with the real estate and financial
group. These statistics on investment companies represent all types of companies including open-end mutual funds, closed-end companies, face-amount-certificate companies, and
certain unit plans. Excluded are certificates
issued under contractual plans for investment
in shares of open-end mutual funds on an instalment basis, because the amounts of such
underlying shares issued are covered in the
statistics of open-end mutual fund sales. Initial
issuance of shares by "tax free exchange" funds
are excluded from the figures. Sales of issues
include estimated sales load and distributions
of capital gains that are reinvested.
The SEC indicates that these data are not all
inclusive, but it believes that omissions of new
issues and retirements are small in relation
to total volume covered, particularly in the
postwar period.

21
The Investment Bankers Association publishes additional
detail for some of these categories.




24

INSTITUTIONAL INVESTORS
Financial institutions other than commercial
banks perform an important role in credit and
capital markets by mobilizing the savings of
individuals and channeling these funds among
various types of investments. As a result, the
flow of savings to these institutions and the
allocation of these funds to various investments
are important determinants of interest rates and
prices of securities.
Tables 26-28 present selected balance sheet
data for three major types of financial institutions—mutual savings banks, savings and loan
associations, and life insurance companies.
These were selected for presentation from
among the various types of intermediaries both
because of their importance in the capital markets and because of the availability of reliable
data on a monthly basis for a considerable
number of years. Tables 29 and 30 show data
on assets of pension funds, supplied by the
Securities and Exchange Commission.

restrictions vary somewhat among States, the
following major types of investment are generally permitted:
U.S. Government securities.
Federal agency securities (not guaranteed).
Securities of State and local governments in the
United States, provided the issuer meets certain requirements relating to geographic location, population, debt/assessed value ratio, earnings, and so forth.
Securities of Canadian Government and of international organizations payable in U.S. funds that meet
specified requirements.
Corporate bonds, limited generally to those of investment grade and/or of issuers that meet specified
requirements relating to size, earnings, debt service
coverage, and so forth.
Corporate stocks, provided the issuer meets the
specified financial requirements. Generally there is a
limit on aggregate holdings of stocks, and this limit
is usually a relatively small proportion of deposits
or of surplus.
Mortgage loans (generally first liens only) with
some restrictions relating to the geographic location
of the borrower, except for loans underwritten by the
U.S. Government.

Types of assets and liabilities shown. The
following paragraphs describe the principal
assets and liability categories shown. More detailed breakdowns of some items are available
from the compiling organization.

MUTUAL SAVINGS BANKS

Table 26 presents data compiled by the National Association of Mutual Savings Banks on
the assets and liabilities of all mutual savings
banks in the United States; the figures are
for end-of-year, 1945-63, and end-of-month,
1947-63. Mutual savings banks are mutual
thrift institutions chartered by individual States,
primarily those in the northeastern part of the
United States. They have no capital stock
or stockholders. Incorporators provide initial
guaranty and expense funds, and under stated
conditions these funds may be returned to
them out of subsequent earnings. Most deposits in mutual savings banks take the form
of passbook savings. After expenses of operations are paid, all earnings are either distributed as interest to depositors or added to
reserves (surplus).
Types of investment permitted. Investments
of mutual savings banks are subject to limitations imposed by the State of charter. Although




Loans are net of valuation reserves. Mortgage
loans: Those secured by a mortgage on real property,
including loans guaranteed by the Veterans Administration or insured by the Federal Housing Administration, as well as conventional loans. Other loans:
Primarily instalment loans to individuals for residential
repair and modernization and instalment and singlepayment loans to individuals for personal expenditures
in some States.
U.S. Government securities: Direct and guaranteed
obligations.
State and local government securities: Obligations
of U.S. States and their political subdivisions.
Corporate and other securities: Corporate debt and
equity obligations, certain obligations of the Canadian
Government and its subdivisions and of the International Bank for Reconstruction and Development and
Federal agency issues not guaranteed by the U.S.
Government.
Cash assets: Vault cash, balances with other banks,
and cash items in the process of collection.
Other assets: Real estate, including bank premises,
and furniture and fixtures.
Deposits: Represents primarily passbook savings
deposits, but also includes small amounts of other time

25

deposits and of demand deposits in the few States permitting savings banks to offer such deposits. Deposits
may also be classified in a slightly different manner. For
example, in the reports of the National Association
of Mutual Savings Banks, the bulk of accounts are
classified as regular accounts, but there are also
special accounts consisting primarily of Christmas
and other club, industrial payroll, and school savings
accounts.

holders of shares are owners rather than creditors, as* are depositors in banks.
The remaining 771 State-chartered associations had some form of permanent stock ownership. These associations were located primarily in four States—California, Texas, Ohio,
and Illinois.
Investments of associations are subject to
restrictions imposed by the chartering government. In general, Federally chartered associations, which in recent years have held
somewhat more than half of the assets of all
associations, may invest in U.S. Government
obligations, securities of the Federal home loan
banks and the Federal National Mortgage
Association, loans secured by the share accounts of association members, and first
mortgage loans on real estate. Collateral for
the latter must be geographically located within
the association's regular lending area (generally
within 50 miles of its home office prior to
1964, 100 miles thereafter), except that this
restriction is relaxed when the mortgage loan
is Federally underwritten. Federal associations
have no general authority to purchase corporate securities or to make consumer or business loans not secured by real estate. With
the Housing Act of 1964, however, their authority was broadened to permit investment
in (1) general obligation bonds of State and
local governments, (2) participation or other
instruments of, or fully guaranteed by, the
Federal National Mortgage Association or any
U.S. agency, and (3) loans to college students
for their education.
State-chartered associations are subject to
limitations that are similar, but generally less
restrictive, than those imposed on Federally
chartered associations. In some instances they
have authority to invest in corporate and in
State and local government bonds, and the
geographic area where they may lend is larger.
Types of assets and liabilities shown. The
following paragraphs describe the asset and
liability categories shown.

Monthly data for other loans, cash assets,
other assets, other liabilities, general reserve
accounts, and total assets and liabilities are not
available until June 1947. In addition, monthly
figures on holdings of State and local government securities and of corporate and other
securities are not available separately until
December 1951. General Reserve accounts and
other liabilities are also combined for the
period July-November 1947. The data shown
were compiled from reports submitted to the
National Association of Mutual Savings Banks.
They may differ slightly from other published
data compiled on the basis of reports filed with
Federal and State bank supervisory agencies on
a less frequent basis.
SAVINGS AND LOAN ASSOCIATIONS

Table 27 presents estimates prepared by the
Federal Savings and Loan Insurance Corporation on the assets and liabilities of all savings
and loan associations in the United States. The
figures are end-of-year 1945-63, end-of-quarter
1950-54, and end-of-month 1955-63.
Types of associations. Savings and loan associations—also known as cooperative banks,
building and loan associations, and savings
associations—are thrift associations chartered
by individual States or by the U.S. Government. Of the 6,248 associations in operation
at the end of 1963, 4,419 were insured by the
FSLIC; 1,968 were Federally chartered (all
insured by FSLIC) and 4,280 were Statechartered. All of the Federally chartered associations and 3,509 of the State chartered were
mutually owned. Such associations accept deposits in the form of share capital. These are
legally considered shares in the association, and




26

Types of companies and investments. Life

regulations of other States in which they are
licensed to do business. Although these regulations vary, insurance companies are generally
authorized to hold a wide variety of investments provided the investments meet specified
quality standards and provided the companies
stay within certain restrictions as to the aggregate invested in certain types of securities.
The most significant change in recent years
in regulations governing life insurance company investments has concerned common
stocks. For many years companies doing business in New York State had been prohibited
from owning common stocks, but during the
period since 1951 this regulation has been liberalized. The result is that by early 1963 life
insurance companies were permitted to own
common stock up to 5 per cent of their assets
or 50 per cent of their surplus.
The values shown in Table 28 for end-ofyear dates are in accordance with State regulations for annual statements, with investmentgrade bonds valued at amortized cost, and
stocks and unamortizable bonds valued at endof-year market value. Monthly figures are based
on book value of ledger assets, with adjustments for interest due and accrued and for differences between market and book values
generally included in the figures for total assets
and for other assets.
Types of investments shown. The following
paragraphs describe the asset classifications
shown; in most instances the Institute of Life
Insurance publishes breakdowns of the categories shown in the table.

insurance companies are chartered by individual States. They may be mutual—the more
important group in terms of assets—or capital
stock companies. Legal reserve companies are
those operating under State insurance laws
specifying a minimum basis for the reserves
that a company must maintain on policies in
force.
Life insurance company investments are governed by the laws and regulations of the State
that charters the company and also by the

U.S. Government securities: Direct and guaranteed
obligations.
State and local government securities: Obligations
of U.S. States and their subdivisions.
Foreign government securities: Securities of foreign central governments and their subdivisions, as
well as securities of international organizations.
Business securities: Bonds: Long-term bonds, notes,
and debentures of both domestic and foreign corporations, short-term commercial and finance company
paper, and securities of U.S. Government agencies not
guaranteed by the U.S. Government. Stocks: Common
and preferred stocks of both domestic and foreign
corporations.

Mortgages: All first mortgage loans on real property; before 1958; mortgages are shown net of mortgage pledged shares, and asset items will not add to
total assets and liabilities because the latter are shown
gross—that is, without deduction for pledged shares.
Beginning with January 1958, both mortgage loans
and total assets are shown on a gross basis.
U.S. Government securities: Direct and guaranteed
obligations.
Cash: Vault cash and bank deposits, including
deposits with Federal home loan banks.
Other assets: Nonmortgage loans, obligations of
Federal home loan banks and of the Federal National
Mortgage Association, real estate owned and sold
on contract, furniture and fixtures, and any corporate
or State and local government securities held by
State-chartered associations.
Borrowed money: Advances from Federal home
loan banks, loans from commercial banks, and any
other borrowed funds.
Loans in process: Undisbursed portions of closed
loans included in assets.

Before 1950, data for most items are estimated on the basis of annual reports only. Beginning with 1950, data are estimated on the
basis of monthly reports from insured associations and of annual reports from noninsured
associations. Data on reserves and undivided
profits, loans in process, and other liabilities
are not available separately for most months
before 1959.
LIFE INSURANCE COMPANIES

Table 28 presents estimates prepared by the
Institute of Life Insurance for assets of all U.S.
legal reserve life insurance companies. Statement-value figures are shown for end-of-year
dates 1945-63, and book-value figures for endof-month dates beginning with 1947.




27

of corporate bonds, and, starting in 1962, net
sellers of municipal obligations. For the most
part these funds are still prohibited from purchasing corporate stocks, and at the end of
1963 their mortgage holdings were still small.
Corporate pension funds. Generally speaking, pension benefits for employees of most
small firms are acquired through the purchase
of insurance contracts either for each employee
separately or through a blanket contract for all
employees combined. These reserves are commingled with the other reserves of life insurance companies; the investment holdings of
these companies are shown in Table 28. The
funds of most large corporations, however, are
usually not insured, and responsibility for making over-all investment decisions rests with
trustees. Usually the trustees of these funds
are appointed in equal number by management
and union, but in some cases all trustees are
appointed by either management or union.
Over the years the investment policies of
these funds have shifted. Initially their reserves
were invested primarily in U.S. Government
and high-grade corporate bonds acquired in the
public market. But in recent years most funds
have become very important purchasers of
common stocks. Now they rank second only
to investment companies as holders of such
securities—and their current rate of growth
in such holdings is larger than that of investment companies. On the other hand, there are
still a few funds that do not permit investments
in common stocks. Another important recent
development is the acquisition of corporate
debt issues directly from the issuer.
Since the beginning of 1955, the Securities
and Exchange Commission has collected annual data on the investments of noninsured
corporate pension funds. Figures on a marketvalue basis begin with 1955, but those on a
book-value basis (usually cost of acquisitions)
cover the period beginning with 1951. Both
of these series are shown in Table 30 for the
years through 1963.

Mortgage loans: All loans—both Governmentunderwritten and conventional—secured by real property.
Policy loans: Loans to policy holders secured by
the cash-surrender value of insurance policies.
Real estate: Both company-used and investment
properties.
Other assets: Cash and bank deposits, due and
deferred premiums, equipment leasebacks, collateral
loans, accounts receivable, and, for the monthly figures, adjustments for interest due and accrued and
for changes in the market value of investments.
PENSION FUNDS

Although some employers set up funds in the
early part of this century into which they
made contributions for retirement pensions for
their employees, the sharp growth in pension
fund reserves has been a post-World War II
phenomenon. There are two broad types of
pension funds: public—those trust funds established by Federal legislation with the U.S.
Government as a trustee, and funds established
by State and local governments; and private—
largely for employees of private corporations.
Public pension funds. Most of the public
pension fund systems administered by the Federal government grew out of legislation enacted
during the early 1930's. Contributions to these
funds are made by both employer and employee. Coverage as well as benefits of these
Federally administered funds have been
broadened over the years, and at the present
time almost all working adults are covered by
one of the programs. All reserves of these
public pension funds are invested in U.S. Government securities.
Although most employees of State and local
governments are now covered under Federal
Old Age and Survivors Insurance, many are
also covered by funds set up by these governmental units. (See Table 29, page 182.) Until
the late 1950's the reserves of most of these
funds were invested largely in Federal and
State and local government securities. But since
then regulations governing their investments
have been extensively liberalized in most States,
and they have become very important buyers




28




KEY TO SYMBOLS USED IN TABLES

Zero;
Amounts insignificant in terms of the
particular unit (e.g. less than 500,000
when the unit is millions); or
No figure to be expected (e.g. one or
more series in a table may start at a
later date than others shown).
Minus signs are used to indicate a decrease.

29




1. FEDERAL RESERVE BANK DISCOUNT RATES ON LOANS TO MEMBER BANKS
A. ADVANCES AND DISCOUNTS UNDER SECTIONS 13 AND 13a, 1941-63
[Per cent per annum. Figures in parentheses indicate day of month new rate became effective]

Year and month

Boston

New
York

Philadelphia

Cleveland

Richmond

Atlanta Chicago

St.
Louis

Minneapolis

1941—In effect Jan. 1.

Kansas
City

Dallas

1*4

1942—Feb..
Mar..
Apr..

(21)

(14) 1

(21) 1

San
Francisco
1*4

(28) 1
(14) 1

(ID

(28) 1

(11) 1

(21)

(4) 1

1950—Aug..

:i4) 1 ^ ( 1 2 ) 11/4(12)
(12) 114
12)
(12)
4 (19) l J 4 d 2 )
(12) WA (12)
(15) 114
"
:i3) 1% (13) 1%(23) 1V4O3) 1V4 (13)
19)
(13) 1V4
(13) lii
(13) P/4 (16) 1V4 (13)
2D 1*4(21) 1*4(25) 1*4 (25) 1*4 (25) 1*4 (24) 1*4(25) 1*4 (23) 1*4(22) 1*4(25) 1*4(25) 1*4 (24) 1*4

1953_jan..

20)

(16) 2

(16) 2

1954—Feb..
Apr..
May.

(5)

(5) H
(16) 11/

(5) 1

1955—Apr..
May.
Aug..
Sept..
Nov..

15) 1%(15) 1*4(22) 1*4 (15) 1*4 (15) 1*4

1948—Jan..,
Aug..

1956—Apr..,
Aug..
1957—Aug..
Nov..
Dec...
1958_Jan...
Feb..,
Mar..
Apr...
May..
Aug..
Sept..
Oct...
Nov..
1959—Mar..
May.
June.,
Sept..

(4) 2
13)
22)

(5) 2

(21)

(5) 2

(9) 214 (2)
(18) 2 i 4 (18)
2*4(13) 2*4
" (24) 3
31/4(23) 31/2
" (15) 3

(23) 2

28) 2*4 (24) 2*4

(16)

(16) 2

(16) 2

(5)
(23)

(5)
(29)

(12) 1*4(15) 1*4 (5) 1*4
4 ( )
(23) 1 ^ ( 2 3 )
(16) li/4

(22) 1*4(15) 1*4 05) 1*4(14) 1*4(15) 1*4 (22) 1*4
(2) 1*4
(4) 2
(4) 2
(8) 2
(6) 2
(5) 2
(5) 2
(26) 214
(30) 214
(12) 214 (9) "214
(9)"'214
(9) 214
(9) ' 214
17\ 21^(18) 21,4(18) 2 ^ ( 2 2 ) 2% (21) 2" (21) 2% (23) 2 % 18) 2i/ 2
(18) 21/4(22) TLA
(21) 2%
(4) 214 (12) 2

(6) 3
•11) 4 '

1963—July

17) 31/4 17)

12) 3

(13) 3

(5) 2 (12) 2
(5) 2
31) 21/2 (24) 21/4 (24) 21/2

(29) 2
(4)

16) 3

(14) 2*4
(14) 214 13) 214
(9) 1*4 (1) 1*4
15) 2
22) 2
24) 21/2

(6) 21/2

12) 3
(6) 3
29) 31/2
11) 314
11) 4
11) 4

(17) 31/2 17) 31/2 24) 31/2 19) 31/4 17) 31/4 17) 31/2 26)

17) 31/2 19) 31/2

19)

31/2

(13) 3

(24)
(7) 2*4
(7) 21/ (14) 21/ (21) 214 (14)
(18) 1*/ (18) 1*/ (18) 1*4 (25)

(6) 3 (13) 3 (16) 3 (13)
29) 31/4 (29) 31/4 (29) 31/4
31/2(12)
12) 31/2 (2) 31/2
(5)
11) 4
11) 4 (14) 4 (11)
D
• ( (II D 4
11) 4
14) 4
3
31/4 (10) 31/2 10) 31/2 13) 31/2 10) 31/2 10) 31 10) 31/4 (10)
19) 3
3 (12) 3
15) 3 (12)
12) 3
16) 3
19) 3

(6) 3

(2) 31/4 29) 31/4 (5)
18)
14) 4

31/4

(13) 2*4 (13) 2*4 13) 3
(28) 3
(31)

2*4 (24) 2*4 (24) 2*4 (28) 2*4 (24) 2*4 (24) 2*4

:ii) 214 (7) 2 . . (7) 214 (14) 21/ (14) 214 10) 214
22) 134 (18) 1*4 18) 1*4 (25) 1*/ (25) 1*4 22) 1*4
26) 2
2 (12) 2 (12) 2
12) 2
;23) 2
21/4(30) 21/4 (24) 21/4
(4) 2i/ 2 (7) 21/4
10) 3

(23) 2

(20) 2

(16)

(19) 31/4(13) 31/2 (9) 31/4(21) 31/4 (9) 3V4 (9) 31/4 (13) 31/4 15) 31/4
(9) 31/4(23) 31/4(19) 31/
(22) " (29) 3 (15) 3 (15) 3 (29) " (15) 3 (22) 3 (22)
(15) 3
29) 3
(2) 3

.14) 31/4
(3)
10) 31/4 19)
:23) 3

31/2

31/4

31/4

NOTE.—A rate of 1 per cent on advances secured by U.S. Government
securities was in effect Jan. 1, 1941, at the Federal Reserve Banks of Atlanta, Chicago, St. Louis, Kansas City, and Dallas, and continued until
the regular discount rate was reduced to 1 per cent in February, March,
or April, 1942.
A rate of i/4 of 1 per cent on advances secured by U.S. Government
securities maturing or callable in 1 year or less was in effect at all Federal




(16) 2

(15) 1* (12) 1*4 (9) 1*4 (11)
(14)
(23) 11/
(15)
(15)

(13) 2*4 (13) 2*4(13) 2*4(13) 2*4 (20) 2*4 (13) 2*4 (13) 3
. .
- • •
"
—"
(24) 3 ( 2 7 ) 3 (24) 3 (28) 3 (24) 3 (28) 3

I960—June.
Aug..
Sept..
1963—In effect Dec. 31.

(16) 2

31/4

31/2

31/4

10) 31,4 (3) 314

(9) 3

(2) 3

31/2

Reserve Banks from various dates in October 1942 t o various dates in
April and M a y 1946, as follows: Established—Oct. 15, 1942, Atlanta;
Oct. 17, Philadelphia, Chicago, Dallas; Oct. 27, Boston, Cleveland, St.
Louis, Kansas City; Oct. 28, Richmond, San Francisco; Oct. 30, N e w
York, Minneapolis. Eliminated—Apr. 25, 1946, N e w York, Philadelphia,
San Francisco; Apr. 26, Chicago, St. Louis, Minneapolis; Apr. 27, Boston,
Kansas City; May 3, Cleveland; M a y 10, Richmond, Atlanta, Dallas.

31

1. FEDERAL RESERVE BANK DISCOUNT RATES ON LOANS TO MEMBER BANKS — Continued
B. ADVANCES UNDER SECTION 10(b), 1941-63
[Per cent per annum. Figures in parentheses indicate day of^month new rate became effective]

Year and month

Boston

New
York

Philadelphia

Cleveland

Richmond

Atlanta Chicago

St.
Louis

Minneapolis

Kansas
City

Dallas

San
Francisco

1941—In effect Jan. 1.
1942—Mar..
Aug..
Sept..
Oct..

(27) P/ 2 (30)

1948—Jan..
Aug..

(14)
(13)

iy 2 (17)

(14)

(29)

(12)

(28) 1 ^ (15) li/ 2

(30)

1950—Aug..
1953—Jan..

(20) 2i/ 2 (16) 21/2 (16) 2Vi(16) 2 ^ ( 2 3 )

1954_Feb..

(5) 214 (5)
(27) 2 (16)

^y!
Sept..

214
2

(5) 214(15) 214(12) 214 (9)
(23)

(21)

2

2

(15)

(15)

214 (15)

214 (22)

214 (15)

214 (15)

(4)

21/2 (5)

21/2 (5)

21/2 (4)

234 (12)

(13)
(22)

234 (9)
3 (18)

234 (2)
3 (18)

234

1956—Apr..
Aug..

(13)
(28)

314 (13). 314 13)
31/2 (24) 3% !24)

1957_Aug..
Nov..
Dec.

(13)
(19)

4 (23)
31/2 (15)

1958—Jan.. .
Feb...
Mar..
Apr...
May..
Aug..
Sept..
Oct.. .
Nov..

(28)

314 (24)

314 (22)

314 (24)

(11)
(22)

234 (7)
214 (18)

234 (7)
214 (18)

234 (14)
214 (25)

(23)

2 ^ (12)

(4) *3" (7)

1959_Mar..
May.
June.
Sept..

(10) 31/2 (6)
(29)
)"4 '

I960—June.
Aug..
Sept..

(14)
(23)

1963—July

(17)




2

(15)

214 (11)

134 (19)

(13)

2

(22)

21^(16)

21/2

(5)
(29)

2

214
2

(11)
4 (10)
31/2 (12)
(17)

(18)

3

(9)
(22)

214 (15)

214 (15)

(2) 214
2% (4) 21/2 (4)
(26) 234
234
(9)
(18) 3 (18)
3

2% (8)
(30)
234
3 (22)

(6)

15)
[29)

4
31/2

314 (24)

314 (28)

314 (24)

314 (24)

314

234 (14)
214 (25)

234 (10)
214 (22)

(7)
(18)

(10)
(12)

4
4

(19)

21/2

(9) 4 (13)
4
31/2 (22) 31/2
(2)

4
(9)
31/2(22)

(10)
(12)

21/2 (5)

31/2

(21)
31/2(15)

(12)
(11)

214

2% (5)

13)

4
(9)
31/2 (29)

(12)
(11)

214

(15)

2% (5)

314 (13)
31/2 (28)

4 (13)
31/2 (15)

(5)
4V4 (18)
4
(3)
31/2 (19)

214
2

31/2 (13)
(31)

4 (19)
31/2 (15)

3% (16)

214 (5)
2 (16)

(23)

(13)

(23)
(9) 4
31/2 (22) 3% (29)

31/2 (13)

(12) 214 (15)

234
3

31/2

3i/ 2 (13)

21/2

(9)
18)

314 (13)
. .
31/2(28)

3% (6)
4

214

(16) 21/2(23) 21/2 (20)

234 (9)
3 (23)

314 (20)
3% (24)

(26) 2%
21/2
(5)
3
(28) ' 3 " (31)

(16)

(25) 214(25) 214 (24)

(9)
(21)

314 (13)
31/2 (28)

(12)
(24)

....

(24)

(14) ' 2 % (21)
(18) 214(18)

(14)
214 (25)
(29)

21/2 (12)
3 (24)

4
AVt
4
VA
4
4

(17)

4

(17)

31/2(13)
4
(29)

4
(2)
4i/2 (14)
4 (13)
31/2 (16)

4
(10)
3% (19)

4 (10)
3% (19)

4

4

4
4

4

32

(24)

4

(19)

314
(14)
234 (14)
214
(9)
2% (22)

21/2 (5)
3
(24)

(24)
(4)

3% (6)
(29)
4
41/2 (11)

31/2 (16)
4 (29)

234
214
21/2

3
(6)

3

3% (6)

12)

31/2

4
4i

01)

11)
11)

4
AVi

(3)

4

AVt (11) 41/2 (14)
(10)
(15)

4 (10)
314 (12)

(10)

(17)

4

(26)

(17)

31/2

13)
214 (1)
2% 15)

3

3% (13)
4
(5)
AVi (11)

(17)

lfc

234

314 (13)
31/2 (24)

2% (12)
(30)
3

(28)

d ) 134 (15) 134
(13) 2 13) 2

(12)
(21)

314 (13)
31/2 (27)

2% (19)
(24)
3

11/2(17)

214

2

(22)

214

214

(16)

214 (5)
(23)

(13)

1955—Apr...
May.
Aug..
Sept..
Nov..

1963—In effect Dec. 31.

21/2(16) 21/2 (16)

11/2 (27)

(12)

134(12) 134(12) 134(12) 134 (12) 134 (12) 1*4 (12)
(13) 2 (23) 2 (13) 2
(13) 2 (13) 2 (19)
(21) 214(21) 214(25) 214 (25) 214 (25) 214 (24) 214 (25) 214 (23)

(29)

(9)

(2) 3%
19) 4
4

2. FEDERAL RESERVE BANK DISCOUNT RATES ON ADVANCES TO OTHERS THAN MEMBER BANKS
SECURED BY DIRECT SECURITIES OF THE UNITED STATES
(Last Paragraph of Section 13)
A.

INDIVIDUALS, PARTNERSHIPS, OR CORPORATIONS OTHER T H A N MEMBER BANKS, 1933-63
[Per cent per annum. Figures in parentheses indicate day of month new rate became effective]

Year and month

1933

1934

New
York

Boston

Mar
Apr..
Oct

Philadelphia

(23) 4i/2 (13) 41/2 (13)
(2) 4

(20) 4

Feb
Mar

(8)

4ft

Cleveland

Richmond

Atlanta

Chicago

St.
Louis

(14) 4i/2 (16) 41/2 (13) 4ft (14) 4i/2 (15)

4ft
(15)

(20) 4

(16) 4

(21) 4

Dallas

(23) 41/2 (16)

(11)

(16)

4ft

(23) 4
(12) 4
(10)

3i/2
(23)

2ft

(1)
(27) 2

(30)

2ft

3ft

(16) 21/2 (16)
(8)

1939—Sept

2ft

3

2ft

(17) 2

(27) 2

(28)

2ft

(15)

2

(17)

2

(14) 3
(27) 2

1946—Mar

(30)

2ft

(28)

2ft

(20)

3

(9)
(18)

(17) 2

(27) 2

VA

(23) 2

1948—Jan

(14)

2ft

(24)
(23)

Aug

2ft

(16)

23/4

2ft

2ft

3

(5)

1955—Apr

(15)

3

(22)

(13)
(22)

(9)

3

(16) 234 (23)

3

(15)
(14) 3
(5) 314 (5)
(9) 3Vi

314
3i/2

3%

314
(22)

3

.

314
(18)

(18)

(13)
(28) 4

4

(13)
(24)

(13)

3ft

31/2 (22)

(27) 4

(24)

31/2 (18)

4

Mar
Apr
May
Aug
Sept
Oct
Nov

.

(23) 414 (9) 4
(15) 3*4

3VA

(24)

31/2

(24) 4

(11)

. .

4ft

(28)

1958—Jan

314 (7)

31/4

(10)
(25) 2*4 (22)

(18)
(12)
(4) 4

1959—Mar

(10)

3ft

(23) 41/2 (19) 41/2 (13) 414
(29)

31/2 (25)

3ft

(12)
(30)

(7) 4

(12)
(24)

2*

4ft

3

3

I*

(28)

(29)
(14)

June
Aug

(14) 414 (10)
(23) 4

July

(17)

(ID

4ft
5

4ft

(5)
(18)
(19)

4ft
4ft

(12) 41/2
(11)
(11)

5

I*

(13)
(28)

I*

(13) 414 (13)
(31)

I*

(13) 334 (13) 4
(28) 4

(9) 41/2 (21) 41/2 (9) 4i/2 (9) 41/2 (13)
(22) 4
(15) 4
(24) 4

(24) 3VA
(7)
(14)
(21)
(18) 2VA

3ft

(14)
(29)

314
(12)
(24)

4ft

3

3ft

(5)
(24)

3J4

(16)

5

(13)

334

334

(1)
(15)

31/2
334

(28)

(4) 4

5

5

5

1963—In eftect Dec. 31

(17)

4ft

4Vi

5

4ft

(11)

4ft
5

(19)

(14)

(ID

5

(17) 41/2 (24)

5

(17) 41/2

5

5

5

41/2

(6) 4
(12)

(10) 41/-, (10) 414 (10) 4 U (10)
(19) 4
(15) 4
(12) 4

(11)

(15) 41/2

3Vi (14) 4

(11)

5

(ID
(3)

(9)

4ft
4ft

4ft

(16) 41/2 (13) 4i/2
(6) 4i/2 (13) 4
(29) A\/
4V2
(14)

(10)
(12) 41/2 (12) 4

(20)
(24)

31/2 (22)

3*

(13) 41/2

June
Sept

5

(28) 4

(26)
(19) 4

31/2 (18)

(13)
(28) 4

(13)
(19)

1957—Aug.
Nov

2ft

31/2

.

Sept
Nov

(14)

2VA

(26)

3

3

234
3

(19) 2i/l

(23)

(18)
(17)

1954—Feb

(12) 21/2 (15)

(24) 2VA
(23)

(16)

(9)

(16)

3

2ft

(13) 2VA

(20)

(20)

(12)

(12)

(13)
(25)

1950—Aue
1953—Jan..
May
July
Aug

1963

4ft

San
Francisco

(19) 4

(17) 4

(29) 21/2

1942—Mar
Oct

i960

Kansas
City

(23) 4

1938—Apr
Oct

1956—Apr
Aug.

4ft

(19) 4

3i/2

1935—Feb
May

AUK.

Minneapolis

4ft
5

Aft

AIX,
4V2

(26) 41/2
4

4ft

41/2

4ft

B. SPECIAL RATES T O N O N M E M B E R BANKS, 1939-46
[Per cent per annum. Figures in parentheses indicate day of month new rate became effective]

Year and month

1939

Aug.. .

.

Sept

Boston

f

New
York

Cleveland 1

(1)

(1) \ft (1) Ift

(25) 1

j (1) 1

1942—Mar
Apr..
1946_Mar.2
Apr.2

Philadelphia

lft

Richmond

Chicago

(1) lft (1) 1
(16) 1

St.
Louis

(1) 1ft
(16) 1

(14) 1

(21) 1

Minneapolis

(1)

Kansas
City

1ft (1)

(16)

lft
1

Dallas

(29)

(23)

(9)

San
Francisco

(1) lft (1) Wz
(16) 1

(28) 1
(4)

(11) 1
(16)

(16)

(16)

(6)...!.

(16)

(23)

2

33

Rate eliminated,

1

(16)
(13).. .

1
A special rate (2ft per cent) to lenders other than t a n k s was in effect
until Apr. 10, 1942, when it was eliminated.




Atlanta

(25).'.'.!!

3. FEDERAL RESERVE BANK RATES ON INDUSTRIAL LOANS AND COMMITMENTS, 1941-59
[Per cent per annum]
New
York

Boston

Effective date

Philadelphia

Cleveland

Richmond

Atlanta Chicago

St.
Louis

Minneapolis

Kansas
City

Dallas

San
Francisco

4-6

4-6

Rates to industrial or commercial businesses
3%-6

1941—In effect Jan. 1

4-6

3%-6

1942—Mar. 21
May 8

June

29
6

4-6

2% 5

2%-5
...

2% 5

1955 Sept

2%-5

4-6

214 5
2%-5

2% 5

2%-5

2%-5
3-5

16
20
23
26

3-5%

3-5%

2% 5

2*4 5
3-5%

3-5%

3-5%

3% 5%

9

3-5%

1956 Apr 13
20
Aug 24

3

3 4-5%

27

1957 May 27
June 5
17
AUK 9

3-5%
-

3% 5%

4-5%

28
31

3*4-5%

3% 5%

4-6

3%-6

3%-6
3*4-6
4-6

3-5%

4-6

2*A 5lA

2% 5
4-6

4-6

3%-5%

3% 6

3%-6

4-6

4-6

3*4-5%
...

4-6

3%-6

4-6

19
21
23
Nov 15

3%-5%

2%-6

n::.:
15

1958 Jan 24
28
Mar 14
Apr 22
Aug 26
Sept 12
19
Oct 28

3-6

2V> 5

1948—Aug. 19
1953 Jan

3%-5%

2%-5

3-6

2%-5

16

20
23

4-6

3%-5

4-6
3% 5%

1959 Mar 16
May 29
June 2
12

4-6

4%-6

4%-6

4%-6

Rates to financing institutions on discounts or purchases—on portion for which financing institution is obligated
3

1941—In effect Jan. 1
Feb 1
Sept 27
1942 Mar 2 1 . .
May 8
16
23
29
June 6

2-3

>2*

3

(*)

14

1 3-6

l'A-2

12

(4)

(4)

1-1%

(4)
4

()

2% 5

(4)

1948 Jan. 12
23
Aug 13
19

\yA \yA

(4)

1% 2
\yA 2*A

1950 Aug 23
1953 Jan 16

2-2%

5

\yA 214

1955 Nov 22

2% 3

Feb

1956 Apr 13
20
Aug 28

3-5%

1957 Aug 9
21
Nov 15

3%-6

1958—Jan. 24
For notes see following page.




14

14

3-4

34

(4)

(4)

(4)
(4)

1 5

1947 Nov 24

1954

1 3-6

i 1% 2

3-3%
3%-4
3-3%

3. FEDERAL RESERVE BANK RATES ON INDUSTRIAL LOANS AND COMMITMENTS, 1941-59 — Continued
[Per cent per annum]

Effective date

Boston

New
York

Philadelphia

Cleveland

Richmond

Atlanta Chicago

St.
Louis

Minneapolis

Dallas

San
Francisco

14-6

Kansas
City

4-5

Rates to financing institutions on discounts or purchases—on remaining portion
(i.e., for which financing institution is not obligated)
1941

In effect Jan. 1
Feb 1

3i/i

12-5

(6)

14-6

(7)

13-6

(6)

(6)

1942 Mav 16
23
29

( )

June 6

14

(6)

(6)

6

13-6

(6)
(6)

2Vi 5

(6)

(6)

1 5

1947 Nov 24

(6)

1948 Aus 13
1956—Aor 20

3-51/1

1957 Aug 9

3Vi-6
Rates on commitments

1941—In effect Jan. 1
Feb 1
1942 Mar 21
May 2

Vi-1

1-2

Vi-2

1

1-2

1-2

V$-l

Vi-2

8 1

1-2

.

10 14-114

1014-114

1H4-114

101^-114

Vi WA
Vi WA
VL-WA

5

14-114

1948 Jan 12

1953 Jan. 16
20

loii-iii

VL-WA

VL-WA
VL~WA

14

Vi WA

Vi WA
VL-IVL

12 34-114

VL-WS

10 1^-13/g

i°Vi 1%

23

July

VL-2

VA 2

Vi-2

16
20

Aug. 13

1

8 1

23
29

1944—Oct.

92

3

VL-W%

1956 Apr 13
20

VA WS

^ 1%

Aug 27

13 1 1%

28

11 14 1%

31

VL 1%

1957 Mav 27
Aug

Vi IVi

14 114

9

13 1 \\fc

13

15
19
21
23

Nov 15

A IVi

1959

V> \V>

10

Vi IVi

l O K - l f e

Vi 1%
13 1 \3/g
13 1 II4
13
1-1%

VL lVi

13 1

Vi 1%

1%

13 1 11/4

Mar 16

10
Financing institution is charged one-fourth of 1 per cent on undisbursed portion of loan under commitment.
n Minimum rate on direct loans to industrial and commercial businesses was one-half of 1 per cent.
12 Financing instituion is charged one-half of 1 per cent on undisbursed portion of loan under commitment.
13 Financing institution is charged 25 per cent of loan rate. Charge of
one-half of 1 per cent per annum is made on undisbursed portion. Rate
shown was applicable to direct loans to industrial and commercial
businesses.

1 May charge same rate as charged borrower by financing institution,
if lower.
2 One per cent less than rate charged borrower by financing institution
with minimum of 3 per cent (see note 1).
3
One per cent less than rate charged borrower by financing institution.
4
Rate charged borrower less commitment rate.
5
Rate charged borrower but not to exceed 1 per cent above the discount
rate.
« Same rate as borrower is charged.
7 One-half of 1 per cent less than rate charged borrower but not less
than 4 per cent (see note 1).
8 Minimum charge of one-fourth of 1 per cent.
9
Minimum charge of one-half of 1 per cent.




Vi ivi

Vi ivi

VL WS

28

22
26
12
28

VL-11A

l

1958 Jan 24
Apr
Aug.
Sept
Oct

tt-VA

NOTE.—Section 13b of Federal Reserve Act was repealed effective
Aug. 21, 1959.

35

4.

MAXIMUM RATES ESTABLISHED BY THE BOARD OF GOVERNORS
A.

MAXIMUM INTEREST RATES PAYABLE ON TIME AND SAVINGS DEPOSITS
[Per cent per annum]
Effective date

Type of deposit
Nov. 1, 1933

Jan. 1, 1936

Feb. 1, 1935

2%

Savings deposits held for:
1 year or more
Less than 1 year

}

3

Postal savings deppsits held for:
1 year or more
Less than 1 year

}

3

}

3

Other time deposits payable in:
1 year or more
6 months-1 year
90 days-6 months
Less than 90 days

Jan. 1, 1962

Jan. 1, 1957

July 17, 1963

Nov. 24, 1964

3

4
3%

4
4

3

2ft

{ t»

i t»

4

4
4

1

3
2
1

3

1

2

¥I ;

4

B. LOANS GUARANTEED UNDER REGULATION V
Fee payable to guaranteeing agency by financing institution
on guaranteed portion of loan
(percentage of interest on loan to be paid as guarantee fee)

Maximum rate financing institution may charge borrower
(per cent per annum)

Date established
Percentage of loan
guaranteed

60 or less
65
70
75
80
85
90
95
Over 95..

Date established
Apr. 6,
1942
10-20
10-20
10-20
10-20
20-25
20-25
20-25
30-40
30-40

Dec. 30,
1942

10

•I*
22Vi

i 25-30
30-50
30-50

Sept. 11,
1944

Sept. 27,
1950

10
10
10
10
10
15
20
30
50

10
10
10
15
20
25
30
35
40-50

6,
12,
30,
11,

Maximum
commitment fee

1942.
1943.
1943.
1944.

Sept. 27, 1950.
May 15, 1957.

on average daily unused balance of the maximum principal amount of the
loan or (2) a flat fee of not to exceed $50.00 without regard to the
amount or maturity of the commitment.

1 Range of 25-30 per cent on loans of more than $150,000; 25 per cent
on loans of $150,000 or less.
2
Maximum commitment fee that may be charged borrower by financing institution was (1) one-fourth of 1 per cent per annum to be based




Apr.
May
Aug.
Sept.

Maximum
rate of
interest

36

5. SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY
A. ANNUALLY AND MONTHLY, 1941-63
[Averages of daily figures; per cent per annum]

Period

Prime
coml.
paper,
4- to 6months

Finance
co. paper Prime
placed
bankers'
directly,
accept3- to 6ances,
months
90 days

Stock Exchange
call loans
Month
New

Renewal

.44
.44
.44
.44

1.00
1.00
1.00
1.00

.00
.00
.00
.00

1.49

.94
1.34
1.46

.44
.61
.87
.11
.13

1.00
1.16
1.38
1.55
1.63

.00
.16
.38
.55
.63

1.45
2.16
2.33
2.52
1.58

1.41
1.87
2.16
2.33
1.42

.15
.60
.75
.87
.35

1.63
2.17
2.48
3.06
3.05

1.63
2.17
2.48
3.06
3.05

2.18
3.31
3.81
2.46
3.97

1.97
3.06
3.55
2.12
3.82

1.71
2.64
3.45
2.04
3.49

3.20
4.08

3.20
4.03

1941.
1942.
1943.
1944.

.53
.66
.69
.73

1945.
1946.
1947.
1948.
1949.

.75
.81
1.03

1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.

1.44

3.85
2.97
3.26
3.55

1960.
1961.
1962.
1963.
1941—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

.56
.56
.56
.56
.56
.54
.50
.50
.50
.50
.50
.55

1942—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..

3.54
2.68
3.07
3.40

4.99
4.50
4.50
4.50

3.51
2.81
3.01
3.36

.44
T

4.50
3.72
4.22

.59
.63
.63
.63
.63
.67
.69

1.00

1.00

T

T

1946—Jan..
Feb..
Mar..
Apr..
May.
June.
July. ,
Aug..
Sept..
Oct..
Nov..
Dec.
1947—Jan.. .
Feb..
Mar..
Apr...
May.
June.,
July..
Aug..
Sept..
Oct..
Nov..
Dec.
1948_Jan..
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct..
Nov..
Dec.

T

1949__jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.

Dec.
1943_Jan...
Feb..
Mar..
M*ay.'
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
1944__j a n ...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

1945—Jan..
Feb..
Mar..
Apr..
May.
June.
July.,
Aug..
Sept..
Oct..
Nov..
Dec.

1950—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.

.69
.72
.75

.75




I
1.00

1.00

37

Prime
coml.
paper,
4-to 6months

Finance
co. paper Prime
placed
bankers'
directly,
accept3-toeances,
months
90 days

.75
T

.44
T

.44
.48
.50
.61
.73
.81

.77
.81
.81
.89
.94
1.00

T

Stock Exchange
call loans

New

Renewal

1.00

1.00

T

T

1.00
1.38

1.38

T

T

.88

T

.00
.02
.06
.10
.22

.88
.91
1.08
1.13
1.22

.81
.84
.94
.94
.94
1.05

1.38
1.45

1.38
1.45

.30
.38
T

1.25

1.06

1.50

1.50

T

t

1.06
1.14
1.19

1.50
1.56
1.63

.As
1.47
1.54
1.56

1.25
1.38
1.50

1.50
1.56
1.63

T

T

T

1.56
1.43
1.38
1.38
1.38
1.33

1.50
1.43
1.38

1.19
1.07
1.06

T

T

1.31

t

1.42
1.65
1.72
1.69
1.72

1.38
1.40
1.50
1.50
1.50

1.16
1.31
1.31
1.31
1.31

1.63

1.63

5. SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY — Continued
A. ANNUALLY AND MONTHLY, 1941-63 — Continued
[Averages of daily figures; per cent per annum]

Month

Prime
coml.
paper,
4-to 6months

Finance
co. paper Prime
placed
bankers'
directly,
accept3- to 6ances,
months 90 days

Stock Exchange
call loans
Month
New

Renewal

2.00
2.00
2.00
2.00
2.13
2.25

2.00
2.00
2.00
2.00
2.13
2.25

T

T

1951—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

1.86
1.96
2.04
2.11
2.16
2.31
2.31
2.26
2.19
2.22
2.25
2.30

1.63
1.63
1.63
1.75
1.75
1.99
2.00
2.00
2.00
2.00
2.00
2.06

1.37
1.50
1.61
1.63

i
1.63
1.68

i
2.25
2.36

i
2.25
2.36

1952—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

2.38
2.38
2.38
2.35
2.31

2.25
2.25
2.25
2.15
2.13

1.75

2.45
2.38

2.45
2.38

T

T

i
2.38
2.55
2.63

I
2.38
2.55
2.63

T

T

T

T

i

T

T

1.75

1

1

1.82
1.88

1953—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

2.31
2.36
2.44
2.67
2.75
2.75
2.75
2.74
2.55
2.31
2.25

2.13
2.25
2.32
2.42
2.50
2.50
2.50
2.50
2.35
2.13
2.13

1954—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

2.11
2.00
2.00
:
1.76
1.58
1.56
1.45
[.33
1.31
1.31
1.31
[.31

2.06
1.78
1.58
1.50
1.38
1.31
1.25

i
1.25

1.25

1955_jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

1.47
1.68
1.69
1.90
2.00
2.00
2.11
2.33
2.54
2.70
2.81
2.99

1.37
1.50
1.50
1.73
[.88
[.82
1.87
2.02
2.28
2.46
2.53
2.80

1.33
1.38
1.38
1.43
1.50
1.50
1.50
1.67
2.08
2.23
2.17
2.43

1956—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug .
Sept .
Oct..
Nov .
Dec .

3.00
3.00
3.00
3.14
3.27
3.38
3.27
3.28
3.50
3.63

2.88
2.88
2.88
2.93
3.00
3.00
2.94
3.01
3.13
3.37
3.38

T

2.45
2.38
2.38
2.44
2.50
2.45
2.43
2.65
2.88
2.88
3.05
3.35

i
3.38
: 5.48

3.38
3.38
3.27
3.20
3.25
: $.36

1957—Jan ..
Feb ..
Mar .
Apr .
May.
June.




T

i
3.63
: J.79

T

i
1.88
1.68
1.48
1.25

T
;

i
2.63
2.89
3.21
3.25

I
2.63
2.89
3.21
3.25

T

T

T

1

i

3.25
3.13
3.00

3.25
3.13
3.00

T

T

4

i
3.00
3.01
3.34
3.40
3.50
3.55
3.63

i
3.00
3.01
3.34
3.40
3.50
3.55
3.63

3.63
3.63
3.63
4.00
4.00
4.00
4.00
4.18
4.50

3.63
3.63
3.63
3.94
4.00
4.00
4.00
4.14
4.38

T

T

i

4.50

i

4.50
4.50
4.50
4.50

4.38

Prime
coml.
paper,
4-to 6months

Finance
co. paper Prime
placed
bankers'
directly,
accept3- to 6ances,
months 90 days

Stock Exchange
call loans

Renewal

New

1957—July.
Aug..
Sept..
Oct..
Nov..
Dec.

3.88
3.98
4.00
4.10
4.07
3.81

3.63
3.63
3.82
3.88
3.79
3.55

3.38
3.78
3.83
3.75
3.50
3.35

4.50
T

1958_Jan..
Feb..
Mar..
M^iy!
June.
July.,
Aug..
Sept..
Oct..
Nov..
Dec.

3.49
2.63
2.33
1.90
1.71
1.54
1.50
1.96
2.93
3.23
3.08
3.33

3.23
2.18
1.86
1.59
1.38
1.38
1.31
1.52
2.47
2.87
2.75
2.94

3.06
2.30
1.80
1.52
1.30
1.13
1.13
1.65
2.39
2.75
2.75
2.75

4.27
3.88
3.88
3.76
3.50
3.50
3.50
3.50
3.65
3.75

1959__j an ..
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct..
Nov..
Dec.

3.30
3.26
3.35
3.42
3.56
3.83
3.98
3.97
4.63
4.73
4.67
4.88

3.05
3.00
3.22
3.36
3.44
3.66
3.81
3.87
4.52
4.70
4.38
4.82

2.75
2.75
2.88
2.98
3.17
3.31
3.45
3.56
4.07
4.25
4.25
4.47

1960—Jan..
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct..
Nov..
Dec.

4.91
4.66
4.49
4.16
4.25
3.81
3.39
3.34
3.39
3.30
3.28
3.23

5.02
4.50
4.16
3.74
3.88
3.24
2.98
2.94
3.13
3.11
2.91
2.97

4.78
4.44
3.96
3.88
3.78
3.28
3.13
3.04
3.00
3.00
3.00
2.92

1961—Jan..
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct..
Nov..
Dec.

2.98
3.03
3.03
2.91
2.76
2.91
2.72
2.92
3.05
3.00
2.98
3.19

2.78
2.65
2.76
2.58
2.50
2.66
2.50
2.64
2.68
2.79
2.74
2.93

2.86
2.78
2.94
2.84
2.68
2.75
2.75
2.81
2.84
2.75
2.75
2.87

1962—Jan . .
Feb .
Mar.
Apr.
May.
June.
July..
Aug .
Sept .
Oct .,
Nov.
Dec.

3.26
3.22
3.25
3.20
3.16
3.25
3.36
3.30
3.34
3.27
3.23
3.29

3.05
3.00
3.02
3.09
2.95
3.02
3.20
3.12
3.13
3.04
3.08
3.16

3.00
3.00
3.00
3.00
2.91
2.90
3.07
3.11
3.09
3.03
3.00
3.00

1963—Jan . .
FebJ.
Mar.
Apr .
May.
June.,
July..
Aug .,
Sept .
Oct . .
Nov.
Dec ..

3.34
3.25
3.34
3.32
3.25
3.38
3.49
3.72
3.88
3.88
3.88
3.96

3.18
3.13
3.15
3.17
3.15
3.21
3.35
3.57
3.63
3.72
3.75
3.84

3.07
3.13
3.13
3.13
3.13
3.24
3.41
3.59
3.63
3.63
3.71
3.63

38

4*0

T

3.75
3.96
4.19
4.25
4.25
4.75
4.75
4.75
4.75
5.41
5.50
5.50
5.50
5.11
5.00
5.00
4.85
4.50
T

4.io

5.

SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY — Continued
B. WEEKLY, 1941-63
[Averages of daily figures; per cent per annum]

Prime
coml.
paper,
4- to 6months

1941 Jan 4 . . .
11
18... .

.56
T

25

Feb. 1
8
15
22

Prime
coml.
paper
4- to 6months

Week ending—

1942—Jan. 3 . . . .
10
17....
24....
31....

.56
.56
.56
.61
.63

1943—Jan. 2 . . . .
9
16....
23....
30....

t

Prime
coml.
paper,
4- to 6months
.69
T

Week ending—

1944—Jan. 1 . . . .
8
15....
22....
29....

Prime
coml.
paper,
4- to 6moixths
.69

6....
13
20....
27....

Apr 5
19 .
26
.

June 7
14
21 ..
28

.56

.55
.50

July 5
12:..::.
19
26

t

Aue 2 . . . .
9.::::.:
16

Feb. 5
12....
19
26....

Mar. 6 . . . .
13....
20
27....

Mar. 4 . . . .
11....
18
25....

Apr. 3 . . . .
10
17....
24....

Apr

1

May 1 . . . .
8...
15....
22
29....

June 6 . . . .
13
20....
27. . .

.63
.68
.69
T

June 5 . . i .
12
19....
26

June 3
10
17....
24

30

July 3 . . . .
10.
17
24....
31....

July 1 . . . .
8
15
22....
29....

July 7 . . . .
14. .
21
28....

July 4 . . . .
11
18
25....

l15: : :
:

22....
29....

Mar. 3
10....
17
24
31....

1

.69
.74
.75

20..'.'.
27....

Oct. 4
11
18
25 .

Oct. 3
10....
17
24....
31....

Oct. 2
9
16
23....
30....

Nov. 7
14....
21
28....

Nov. 6
13
20
27....

Nov. 4
11....
18
25....

Dec. 5 . . . .
12
19. . .
26....

Dec. 4 . . . .
11
18
25....

Dec. 2 . . . .
9
16
23
30....




Sept. 2
9...
16
23
30....

18
25

1

.69

39

i

.69

.i::-

19
26...

n.:::

Sept. 1 . . . .
8....
15...
22
29...

Oct. 7 . . . .
14
21....
28....

.56
.56

May

18
25....

19.'.'.'.
26

Sep.. 4 . . . .

1

21....
28....

Aug

Aug. 7
14....
21
28

Sept. 5
12 .
19
26. ..

.50
.56

Apr.J....

T

Sept. 6
13:..: .
20
27

.

.75
T

June 2
9....
16
23....
30

7....
14....
21
28....

Aug. 1 . . . .
8
15....
22....
29. . .

23

Prime
coml.
paper,
4- to 6months

Feb. 3 . . . .
10
17
24

Feb. 6
13....
20
27....

May 2 . . . .
9
16....
23.
30....

22
29

Dec. 6
13
20
27 ..

1945_jan.

Apr. 4
11. . .
18....
25....

15.

Nov 1 . . .
8
15
22
29. .

Week ending—

Mar. 7 . . . .
14....
21.
28....

Mar. 1
8

May 3
10...
17
24
31 .

Week ending—

Feb

Week ending—

Oct. 6
13....
20
27....
Nov. 3 . . . .
10
17....
24
Dec. 1
8....
15
22...
29
.75

1

.75

5. SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY — Continued
B. WEEKLY, 1941-63 — Continued
[Averages of daily figures; per cent per annum]

Week ending—

1946—Jan. 5.
12.
19.
26.

Prime
coml.
paper,
4- to 6months

Finance
co. paper Prime
placed
bankers'
directly, accept3-toeances,
months
90 days

.75

.44

T

T

Stock Exchange
call loans
Week ending—
New

Renewal

1.00

1.00

T

T

Feb. 2 .
9.
16.
23.

1947_Mar. 1
8
15
22
29

New

Renewal

.88

.81

1.38

1.38

T

T

T

T

1.50

1.50

June 7
14
21
28

July
18.
25.

.r

19
26
Aug. 2
9
16
23
30

June 1.
8.
15.
22.
29.

Sep.,6

20.
27.

94

20
27.

1.15
1.38

Sep,.7.
21.
28.
Oct. 5.
12.
19.
26.

1.00
1.05

Oct. 4
11
18
25.
Nov. 1.
8.
' 15.
22.
29.

1.00

Aug. 3.
10.
17.
24.
31.

.06

.94
1.03
1.06

Dec. 6.
13.
20.
27.
1948—Jan. 3.
10.
17.
24.
31.

94

Dec. 7.
14.
21.
28.

Feb. 7.
14.
21.
28.

1947—Jan. 4.
11.
18.
25.

.88

Mar. 6.
13.
20.
27.

Feb.




T

Stock Exchange
call loans

May 3
10
17
24
31

Apr. 6.
13.
20.
27.

15.
22.

1.00

Finance
co. paper Prime
placed
bankers'
directly, accept3- to 6ances,
months
90 days

Apr. 5
12
19
26

Mar. 2.
9.
16.
23.
30.

Nov. 2.
9.
16.
23.
30.

Prime
coml.
paper
4- to 6months

1.00

.88

.81

1.38

Apr. 3.
10.
17.
24.

1.38

40

1.38

1.25

1.06

5. SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY — Continued
B. WEEKLY, 1941-63 — Continued
[Averages of daily figures; per cent per annum]

Week e n d i n g -

1948—May 1.
8.
15.
22.
29.

Prime
coml.
paper,
4- to 6months

Finance
co. paper Prime
placed
bankers'
directly,
accept3- to 6ances,
months
90 days

Stock Exchange
call loans
Week ending—
New

1.38

1.25

1.06

1.50

T

T

T

Renewal
.50

T

1949_j u ly 2.
9.
16.
23.
30.

June 5.
12.
19.
26.

Prime
coml.
paper,
4- to 6months

Finance
co. paper Prime
placed
bankers'
directly,
accept3- to 6ances,
months
90 days

Stock Exchange
call loans

New

Renewal

1.56

1.50

T

1.19
1.06
T

1.63
T

1.63

T

1.31
1.56

1.38

1.06
1.31

1.63

1.63

T

20...
27....
Sept. 3 . . . .
10...
17....
24....

July 3 .
10.
17.
24.
31.
Aug. 7.
14.
21.
28.

Oct. 1 . . . .
8...,
15....
22....
29....

Sept. 4.
11.
18.
25.

Nov. 5 . . . .
12....
19....
26....

Oct. 2 .
9.
16.
23.
30.

Dec. 3 . . . .
10....
17....
24....
31....

Nov. 6.
13.
20.
27.

1950—Jan. 7 . . . .
14....
21....
28....

Dec. 4 .
11.

Feb. 4 . . . .
11....
18....
25....

18.
25.

1949_jan.

i.
8.
15.
22.
29.

Mar. 4 . . . .
11....
18....
25....

Feb. 5.
12.
19.
26.

Apr. 1 . . . .
8....
15....
22....
29....

Mar. 5.
12.
19.
26.

May 6 . . . .
13....
20....
27....

Apr. 2 . ,
9.,
16..
23..
30..

June 3 . . . .
10....
17....
24....
July 1 . . . .
8
15....
22....
29....

May 7. .
14..
21..
28..
June 4 . .
11..
18..
25..

AU8

1.56




1.50

1.19

1.63

1.63

41

^::::
19....
26....

5. SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY — Continued
B. WEEKLY, 1941-63 — Continued
[Averages of daily figures; per cent per annum]

Week ending—

Prime
coml.
paper
4- to 6months

Finance
co. paper Prime
placed
bankers'
directly,
accept3- to 6ances,
months
90 days

Stock Exchange
call loans
Week ending—

Prime
coml.
paper
4- to 6months

Finance
co. paper Prime
bankers'
placed
acceptdirectly,
ances,
3- to 690 days
months

Stock Exchange
call loans

1.63
1.63
1.63
1.63
1.73

1.38
1.38
1.38
1.38
1.48

Oct. 7.
14.
21.
28.

1.75
1.75
1.73
1.69

2.25

2.25

T

T

2.25
2.45
2.50

2.25
2.45
2.50

2.50
2.50
2.50
2.40

2.50
2.50
2.50
2.40

Feb. 2 . . .
9...
16...
23...

2.38

2. 38

2.38
2.60
2.63

2.38
2.60
2.63

1.50
T

Nov. 4 .
11.
18.
25.

1.63

Renewal

Renewal

1.63
T

New

1952—Jan. 5 . . .
12...
19...
26...

1950—Sept. 2 .
9.
16.
23.
30.

New

T

1.31

T

T

1951—Nov. 3 . . .
10...
17...
24...
Dec. 1 . . .
8...
15...
22...
29...

Dec. 2 .
9.
16.
23.
30.

.69
.70
.75
.75

1951—Jan. 6.
13.
20.
27.

.75
.75
.94
.94

Feb. 3 .
10.
17.
24.

.94
.94
.94
2.00

Apr. 5 . . .
12...
19...
26...

Mar. 3 .
10.
17.
24.
31.

2.00
2.00
2.05
2.06
2.06
2.06
2.11
2.13
2.13
2.13
2.13
2.16
2.19

June 2 .
9.
16.
23.
30.

2.25
2.31
T

2.25
2.33
2.38

2.00
2.25

1.63
T

June 7 . . .
14...
21...
28...

May 5.
12.
19.
26.

2.00
T

May 3 . . .
10...
17...
24...
31...

21.
28.

2.25
T

1.63

1.63

2.00

2.00

2.00
2.15
2.25

Mar. 1 . . .
8...
15...
22...
29...

July

2.00
2.15
2.25




ii:::

Aug. 2
9
16
23
30

1.75
2.00

Sept. 6
20!'.'.'.'.'.
27
Oct. 4
11

Aug.4.

Oct. 6.
13.
20.
27.

2.25
2.13

19...
26...

July 7.
14.
21.
28.

18.
25.
Sept. 1.
8.
15.
22.
29.

2.38
2.36
2.31

2.31
2.19

18

25
Nov. 1
8
15
22
29

2.19
2.21
2.25

2.00

1.63

2.25

Dec. 6
13
20
27

i

2.25

42

2.31

2.i 3

1.75

2.63

5. SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY — Continued
B. WEEKLY, 1941-63 — Continued
[Averages of daily figures; per cent per annum]

Week ending—

1953—Jan. 3 .
10.
17.
24.
31.

Prime
coml.
paper,
4- to 6months

Finance
co. paper Prime
placed
bankers'
directly,
accept3- to 6ances,
months
90 days

2.31

2.13

T

T

Feb. 7.
14.
21.
28.

I
2.31
2.38
2.38
2.38

Week ending—
New

Renewal

2.63
T

2.63
T

1954—Mar. 6
13
20
27

2.00
2.00
2.00
2.00

Apr. 3
10
17
24

June 6.
13.
20.
27.

2.38
2.38
2.43
2.50
2.55
2.63
2.69
2.69
2.69
2.75
T

2.63
2.78
2.88
3.00

New

Renewal

3.25
3.25
3.10
3.00

3.25
3.25
3.10
3.00

T

3.13
3.13
3.25

1.68
1.63
1.58
1.50

1.63
1.63
1.55
1.25

T

3.00

3.00

June 5
12
19
26

3.

2.38
2.38
2.38
2.45
2.50

Stock Exchange
call loans

1.69
1.64
1.56
T

2.63
2.78
2.88
3.00

2.25
2.33
2.38

Finance
co. paper Prime
placed
bankers'
directly,
accept3- to 6ances,
months
90 days

2.00
1.88
1.69
1.69

2.25
T

18.
25.
May 2 .
9.
16.
23.
30.

Prime
coml.
paper,
4- to 6months

May 1
8
15
22
29

1.75
1.75
1.78
1.88
T

2.13

Mar. 7.
14.
21.
28.

Stock Exchange
call loans

July 3
10
17
24
31

T

AU8

-.I::::::
21
28

July 4 .
11.
18.
25.

is'.!!!!!

29.

25
Oct. 2
9
16
23
30

Sept. 5.
12.
19.
26.

2.75

I

Nov. 6
13
20
27

Oct. 3 .
10.
17.
24.
31.

2.70
2.69
2.52
2.50
2.45

2.50
2.43
2.38
2.28
2.25

Nov. 7.
14.
21.
28.

2.38
2.38
2.25
T

2.16
2.13
T

Aug. 1.
8.
15.
22.

Dec. 5.
12.
19.
26.

Dec. 4
11
18
25
1955—Jan. 1
8
15
22
29
Feb. 5
12
19
26

i

1954_j a n. 2 .
9.
16.
23.
30.

2.25
2.20
2.13
2.13
2.00

Feb. 6.
13.
20.
27.

2.00
2.00
2.00
2.00




1.25
1.30
1.38
T

2.13

1.75
1.75
1.75

Mar. 5
12
19
26

1.83
1.63
1.63
1.63

3.25

43

l.j69

Apr. 2
9
16
23
30

1.88

1.74
1.81
1.86
1.94
1.99

1.50
1.59
1.73
1.75
1.85

1.38
1.48
1.50

5.

SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY — Continued
B. WEEKLY, 1941-63 — Continued
[Averages of daily figures; per cent per annum]

Week ending—

1955—May 7.
14.
21.
28.

Prime
coml.
paper,
4- to 6months
2.00
T

Finance
co. paper
Prime
placed
bankers'
directly, accept3- to 6ances,
months 90 days
.88
.88
.88

June 4.
11.
18.
25.

i

July 2 .
9.
16.
23.
30.

2.00
2.05
2.06
2.14
2.19

.88

Aug.6.

2.29
2.31
2.31
2.35

Sept. 3 .
10.
17.
24.

1.50
T

Stock Exchange
call loans
Week ending—
New

Renewal

3.00
T

3.00
T

1956—July 7
14
21
28

Prime
coml.
paper,
4-toemonths

Finance
co. paper Prime
placed
bankers'
directly, accept3- to 6ances,
months 90 days

3.34
3.31
3.29
3.19

2.97
2.94
2.94
2.94

2.38
2.38
2.43
2.50

.88
.83
.81
.81

Au8

18
25

3.19
3.19
3.25
*3.35

2.94
2.94
2.90
3.10

2.50
2.50
2.60
2.73

.81
.86

3.38
3.50
3.50
3.50
3.50,

3.13
3.13
3.13
3.13
3.15

2.85
2.88
T

3.63
T

Stock Exchange
call loans

New

Renewal

4.00
T

4.00
T

4.00

4.00
4.25
4.38
T

3.35
3.38
T

i?::::::

1.50

3.00
3.03

3.00
3.03

Sept. 1
8
15
22
29

1.98
2.00
2.00
2.00

1.53
1.63
1.68
1.75

3.25
3.35
3.38

3.25
3.35
3.38
T

Oct. 6
13
20
27

2.48
2.50
2.55
2.56

2.20
2.25
2.25
2.30

1.85
2.00
2.13
2.13

3.38

3.38

Nov. 3
10
17
24

I
2.88
3.06
3.13

Oct. 1.
8.
15.
22.
29.

2.58
2.63
2.66
2.74
2.75

2.31
2.38
2.45
2.50
2.50

2.13
2.20
2.25
2.25
2.25

3.48
3.50

3.48
3.50
T

Dec.

3.19
3.26
3.38
T

Nov. 5.
12.
19.
26.

2.75
2.75
2.81
2.86

2.50
2.50
2.50
2.56

2.13
2.13
2.13
2.25

Dec.

2.88
3.00

2.63
2.70
2.84
2.88
T

2.25
2.35
2.48
2.50
2.50

4.35

20.
27.

3.
10.
17.
24.
31.

4.
11.
18.
25.

Feb.

May 5.
12.
19.
26.

3.38
3.38
3.38
3.38
3.38

2.38
2.50
T

3.63

4.00

3.88
3.88
4.00
T




Aug.
2.50
2.40
2.38

4.00

4.00

44

,!::::::
20
27
3
10
17
24
31

4.38
4.50
T

3.13
3.18
3.25

T

I

June 1
8
15
22
29
July

3.00

3.38
3.18
3.13

May 4
11
18
25

3.25

June 2.
9.
16.
23.
30.

2.88
2.98
3.00

4.50

Apr. 6
13
20
27

3.63
3.00
3.05
3.25
T

2
9
16
23

Mar. 2
9
16
23
30

T

Mar. 3.
10.
17.
24.
31.
21.
28.

1957—Jan. 5
12
19
26

2.50
2.50
2.45
2.38

1956—Jan. 7.
14.
21.
28.
Feb.

3/50
3.63

1
8
15
22
29

4.50
T

3.38
3.40
3.55
3.59

3.25
3.30
3.38
T

3.63
i

I

3.88
3.95
4.00
4.00
4.00

3.38
3.53
3.90
3.98
3.88

3.63

4.50

5.

SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY — Continued
B.

WEEKLY, 1941-63 — Continued

[Averages of daily figures; per cent per annum]

Prime
bankers'
acceptances,
90 days

SeDt 7
14
21
28

4.00
4.00
4.00
400

3.66
3.83
3.88

3.88
3.88
3.85
3 75

4.50

Oct

5
12
19
26

4.00
4.09
4.13
4.13

Nov. 2
9
16
23
30

4.13
4 13
4.13
4.04
4 00

3.88
3.75
3 66

3.75
3 66
3.56
3.38
3 38

3.93
3.81
3.75
3.75

3.63
3.58
3.50
3.50

3.38
3.33
3.33
3.38

1958—Jan. 4
11
18
25

3.75
3.68
3 55
3.40

3.50
3.43
3.38
3.13

3.34
3.25
3 13
2.98

Feb 1
8
15
22

3.23
2.83
2.63
2.63

2.90
2.43
2.19
2.13

2.78
2.43
2.38
2.35

Mar 1
8
15
22
29

2 45
2.38
2 38
2 38
2.23

1.98
) 88
( 88
1 88
1.83

2 08
1.88
1 88
1 88
1.63

Apr 5
12
19
26

2.13
7 on
(.88
1.75

1.75
1 74
63
40

1.63
1 63
1.58
1.38

May 3
10
17
24
31

[.75
I 75
1.75
I 70
1.63

38
*
1

1.38
1 38
1.38
1 28
1.13

June 7
14
21
28

(.63

Week ending—

1957

Dec 7
14
21
28

. .

T

1958

T

T

2.88
2.75
2.75
2.75
2.75

6.
13
20
27

3.20
3.38
3.38
3.38

2.75
2.98
3.00
3.00

Jan

3
10
17
24
31

3 31
3.25
3.25
3 33
3.38

3 00
3.00
3.00
3 10
3.13

7
14
21
28

3.30
3.25
3.25
,3.25

3.00
3.00
3.00
3.00

2.75

3.28
3.38

3.00
3.25
3.31
3.31

2.80
2.98
2.88
2.88

3.31
3.31
3.31
3.41

2.88
2.88
2.98
3.05
3.13
3.13
3 13
3.20
3.25

i
1

r

1959

1
4.50
4.13

1.13
1.13
35
! 80
88

1.13
1.15
1.58
1.88
2.13

Sept. 6
13
20
27

2.88
2 88
2.90
3 00

2. 38
2 1R
2.41
2 56

2.25
2 25
2.45
2 50

Oct. 4
11
18
25

3.20
3.25
1 25
5.25

2.84
2.88
2.88
2.88

2.70
2.75
2.75
2.75

3.75

T

T

3.50
3.50
3 50
3.63
3.63

3.44

3 75
3.81
3.88
3.88

3 44
3.51
3.81

July 4
11
18
25

3 88
3.98
4 00
4.00

3 38
3.38
3 48
3.50

3.99
3 89
3.88
3.98
4.10

3.81
3.99

3.50
3 50
3.50
3.59
3.63

Sept 5
12
19
26

4.38
4.50
4.70
4.75

4.31
4.38
4.58
4.63

3.83
3.94
4.10
4.18

Oct. 3
10
17
24
31

4.75
4.75
4.75
4.75
4.68

4.73
4.88
4.81
4.63
4.43

4.25

Nov 7
14
21
28. . :

4 63
4.63
4 65
4.75

4 38
4.38
4 38
4.38

4.25

Dec 5 .
12
19
26.

3.88
3.58

3.i8

June 6
13
20
27

1

4.88
4.88
4.88
4.88

4.63
4.80
4.88
4.88

4.33
4.50
4.50
4.50

3.48

3.50

f

1
8
15.
22
29

AUK.

1

1 50
1.68
2.14
2.63

2.75

May 2
9
16
23
30

J
I

Aug. 2
9
16
23
30

Stock
Exchange
call loans,
going
rate

Apr. 4
11
18
25

T

T

38
1.30

T

Prime
bankers'
acceptances,
90 days

3.88

T




3.15
3.13
3.00
3.08
3.13

Week ending—

1.50

July 5
12
19
26

Nov 1
8
15
22
29

Mar 7
14
21
28

Stock
Exchange
call loans,
going
rate

Finance
co. paper
placed
directly,
3- to 6months

Feb

Finance
co. paper
placed
directly,
3- to 6months

Prime
coml.
paper,
4- to 6months

Dec

Prime
coml.
paper,
4- to 6months

1
3.50
3 55
3.75

I
3.75

45

. .

T

i
T

3 25
3.25
3.35
3.38

T

I

375
4.19

t

4.19
4 22
4.25

T

i

4.25
4.65
4 75

SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY — Continued
B. WEEKLY, 1941-63 — Continued
[Averages of daily figures; per cent per annum]
Prime
coml.
paper,
4- to 6months

Finance
co. paper
placed
directly,
3- to 6months

Prime
bankers'
acceptances,
90 days

Stock
Exchange
call loans,
going
rate

I960—Jan. 2
9
16
23.
30

4.88
4.88
5.00
4.98
4.80

4.88
4.93
5.13
5.13
4.90

4.50
4.64
4.88
4.85
4.78

4.75
5.15
5.50

Feb. 6,
13.
20,
27,

4.75
4.56
4.58
4.75

4.75
4.38
4.35
4.50

4.63
4.38
4.38
4.38

Mar. 5,
12,
19,
26,

4.85
4.70
4.53
4.25

4.61
4.49
4.19
3.86

4.38
4.18
3.93
3.73

Apr. 2,
9,
16,
23,
30,

4.13
4.05
4.09
4.25
T

3.58
3.50
3.78
3.88
T

3.63
3.63
3.94
4.00
4.00

Week ending—

May 7.
14.
21.
28.

4.25

3.88

3.90
3.75
3.75
3.75

June 4.
11.
18.
25.

4.19
4.03
3.70
3.63

3.83
3.53
3.05
3.00

3.60
3.41
3.38
T

3.00
3.00
3.00
2.96
2.94

Prime
bankers'
acceptances,
90 days

Stock
Exchange
call loans,
going
rate

1961—Jan. 7
14
21
28

3.06
3.00
3.00
2.90

2.83
2.81
2.81
2.71

2.88
2.88
2.88
2.88

4.50
T

2.93
3.00
3.00
3.09

2.64
2.63
2.63
2.66

2.75
2.75
2.75
2.81

Mar. 4
11
18
25

3.13
3.13
3.03
2.93

2.84
2.88
2.78
2.68

2.88
2.98
3.00
2.93

Apr. 1
8
15
22
29

2.97
3.00
2.98
2.88
2.78

2.63
2.66
2.64
2.53
2.50

2.88
2.88
2.88
2.84
2.78

May 6
13
20
27

2.75
2.75
2.75
2.75

2.50

2.75
2.63
2.63
2.68

June 3
10
17
24

2.88
3.00
3.00
2.90

2.58
2.71
2.75
2.65

July 1
8
15
22
29

2.78
2.75
2.75
2.68
2.70

2.54
2.50
T

Aug

2.75
2.83
3.00
3.00

2.50
2.60
2.69

Week ending—

5.50

3.63
3.48
3.18
3.13

July 2.
9.
16.
23.
30.

Finance
co. paper
placed
directly,
3- to 6months

Feb. 4
11
18
25

T

Prime
coml.
paper,
4- to 6months

3.13

5.45
5.00

T

Aug. 6.
13.
20.
27.

3.38
3.30

2.94
2.94
2.94
2.94

3.13
3.08
2.93
3.05

5.00
4.60

Sept. 3.
10.
17.
24.

3.25
3.25
3.40
3.50

3.01
3.06
3.11
3.19

3.00

4.50

Oct. 1.
8.
15.
22.
29.

3.45
3.38
3.38
3.30
3.18

3.19
3.19
3.19
3.15
2.98

Nov. 5.
12.
19.
26.

3.13
3.17
3.33
3.38

2.88
2.88
2.93
2.94

Dec. 3.
10.
17.
24.
31.

3.38
3.30
3.25
3.15
3.13

2.94
3.01
3.06
2.91
2.88




ii;

19,
26,

Sept. 2,
9,
16,
23,
30,

T

i
T

3.05
3.13
3.08
3.00
2.66

2.70
2.69
2.73
2.78

Dec. 2
9,
16,
23,
30,

46

3.00
2.98
2.88
2.98
3.00
3.10
3.13
3.15
3.25
3.25

2.81
2.83
2.93
3.00
3.00

2.88
2.75

2.81
2.81
2.81
2.76

Nov. 4,
11,
18,
25,

4.50

2.75
2.80
2.88
T

Oct. 7,
14,
21,
28,

3.00
2.88
2.88
2.88

2.75
T

2.75
2.82
2.98
3.00

4.50

5. SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY — Continued
B. WEEKLY, 1941-63 — Continued
[Averages of daily figures; per cent per annum]
Prime
coml.
paper,
4- to 6months

1962—Jan. 6
13

20
27

....

Feb 3
10
17

24

3.25
3.35
3.30
3.20

3.00
3.09
3.11
3.03

3.13
3.18
3.25

Week ending—

Finance
co. paper
placed
directly,
3- to 6months

3.00

Prime
bankers'
acceptances,
90 days

Stock
Exchange
call loans,
going
rate

3.00

4.50

T

T

1963 Jan

19

26

Feb 2
9

T

Mar. 3
10
17
24
31

Stock
Exchange
call loans,
going
rate

3.23
3.25
3 15
3.13

3.00
3.04
3.06
3.10

4.50

T

3.13

T

T

T

16
23

T

Prime
bankers'
acceptances,
90 days

3.25

5
12

Finance
co. paper
placed
directly,
3- to 6months

3.38
3.38
3 38
3.30

Week ending—

Prime
coml.
paper,
4- to 6months

Mar 2 . .
9
3.38

16

T

3!13
3.23

3.38
3.30
3.25

3.25
3.19
3.13
3.13

3 00
3.09

23
30
Apr 6
13

3.19
3.13

3.13
3.13
3.08
3.06

3.13
3.13
3.13
3.20

3.00
3.00
2.96
2.88

June 2
9
16
23
30

3.25

3.25

2.88
2.99
3.00
3.03
3.11

2.88
2.98

July 7

3.28
3.38
3.38
3.38

3.17
3.25
3.25
3.16

3.00
3.00
3.10
3.13

July 6

3.13
3.13
3.13
3.13

T

Aug 3
10

25

3.38
3.33
3.25
3.28

Sept. 1
8
15
22
29

3.30
3.25
3.35
3.38
3.38

3 10
3.13
3.13
3.13
3 13

3.08
3.06
3.06
3.10
3 13

Seot 7
14:::::::::::
28

3 63

3.38
3.25
3.25
3.25

3.20
3.02
3.00
3.00

3.13
3.00

Oct. 5
12
26

3.68
3.75
3.75
3.66

3.15
3.22
3.25

2.95
3.03
3.11
3.13

Nov. 2

3.75

Apr 7
- 14
21
28

. .

May 5
12

19
26

sis

T

14

21
28
Aug 4
11
18

...

Oct 6
13
20

27

Nov. 3
10

17

24

Dec 1
8
15
22
29

T
. .

3.25
i
3.28
3.38




3.13
3.13
3.14
3.19
3.19

20
27

i

May 4

T

June 1

3.00
2.95
2.88

i

11
18
25
8

i

15
22.
29

.

13
20

27

17

24
31

21

T

3.13
3.14
3.19
3.15

i

3.25
3.38
3.38
3.38
3.38

3.13
3.19
3.19
3.21
3.25

3.13
3.23
3.25
3.25
3.25

3.44
3.50
3.50
3.50

3.30
3.34
3.38
3.38

3.25
3.35
3.45
3.50

3.58
3.63
3.75
3.75
3.78

3.38
3.53
3.56
3.63

3.50
3.53
3.63

T

3.88

T

19

9

16
23

30

1

3.00

Dec. 7
14
21

1

4.50

28

47

T

i

i

3.88
3.98
4 00
4.00

3.75
3.84
3.88
3.88

1
3.63
3.72
3.75
3.75
3.63

T

I

3.63

I
50

6. EFFECTIVE RATE ON FEDERAL FUNDS
A.

ANNUALLY AND MONTHLY, 1954-63

[Averages of daily figures; per cent per annum]
Annual
average

1954
1955 .
1956
1957
1958
1959

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

1.78
2.73
3.11
1.57
3.30

1.37
2.44
2.93
2.72
2.48

i.29

1.35
2.50
2.96
1.20
2.80

1.43
2.62
3.00
1.26
2.96

1.43
2.75
3.00
.63
2.90

i.62

2.50
3.00
1.67
2.40

2.71
3.00
.93
3.39

1.68
2.74
2.99
.68
3.44

1.21
1.90
2.74
3.24
1.53
3.50

1.07
2.18
2.95
3.50
1.76
3.76

.90
2.24
2.96
3.50
1.80
3.98

.91
2.35
2.88
3.22
2.27
4.00

1.26
2.48
2.94
2.98
2.42
3.99

3.22
1.96
2.68
3.18

Year

3.99
1.45
2.14
2.91

3.97
2.54
2.37
3.00

3.84
2.02
2.70
2.98

3.92
1.50
2.69
2.90

3.85
1.98
2.29
3.00

3.32
1.73
2.68
2.99

3.23
1.16
2.71
3.02

2.98
2.00
2.93
3.49

2.60
1.88
2.90
3.48

2.47
2.26
2.90
3.50

2.44
2.62
2.94
3.48

1.98
2.33
2.93
3.38

. . .

I960
1961
1962 . . .
1963

B.

WEEKLY, 1954-63

[Averages of daily figures: per cent per annum] •
Week ending—
1954_j u lv

Rate

7
14 . . .
21
28

1 19
.73
.58

Aug. 4
11
18
25

.26
1 29
1.43
1.36

Sept 1

1.35
1.26
1.16
.68
1 15

Week ending—

Rate
1.69
1 69
1.65
1.67

1955—July 6.
13
20.
27

Week ending—
1956

Rate

Rate

1958—July 2
9
16
23
30

2.73
2 75
2 75
2.74
2 63

Aug 7
14
21
28

3 00
3.09
3.29
3.48

Aug 6
13
20
27

91
1.63
1.61
1.68

3.50

Sept 3
10
17
24

1.68
1.68
1.63
1 91

Oct

1
8
15
22
29

1 79
1.93
1 96
1.98
1.47

Nov 5
12
19
26

1.93
2.00
2.46
2.39

Dec 3 .
10
17. . . .
24
31 . .

2.30
2 39
2.50
2.50
2.47

Aug 1
g
15.
22
29

Sept 7.
14
21.
28

2.07
2.19
2 20
2 24

Sept 5
12
19
26

3.00
2.93
2.86
3 00

Sept 4
11
18
25

51
1.20
97
.79

Oct

5
12.
19
26

2 24
2.25
2 23
2 25

Oct

3 00
2 98
2 92
2 95
2.99

Oct

Nov. 3
10
17
24

1.19
.72
.35
1.05

Nov 2
9
16
23.
30

2.25
2.25
2.24
2 46
2.49

Nov 7
14
21
28

3.00
2.98
2 97
2.59

Nov 6
13
20
27

3.50
3.07
3.00

Dec. 1
8
15
22.
29

1.41
1.39
1 30
1.25
1.13

Dec 7
14
21
28

2.50
2 46
2.48
2.48

Dec 5
12
19
26

2.95
2 79
2.96
2.99

Dec 4
11
18
25

2.93
3 00
3.00
3.00

1955_jan. 5
12
19
26

17
1.41
M
1.41

1956—Jan. 4
11
18
25

2.24
2.50

1957—Jan. 2
9
16
23
30

2.86
2.89
2.96
3.00

1958_Jan. 1
8
15
22
29

3.00
2.98
2.88
3.00
2.29

Feb 2
9
16
23

1.44
?7
[.13
3?

Feb 1
8
15
22
29

2.50
2.48
2.50

i

Feb 6
13
20
27

Mar 2
9
16
23
30

1.38
41
^4
I 31
1.44

Mar. 7
14
21
28

2.50
2 49
2 50
2.50

Mar. 6
13
20
27

Apr. 6
13
20
27

1.44
[ 44
40
1.34

Apr 4.
11
18. . . .
25

2.50
2 50
2.60
2.75

Apr. 3
10
17
24

May 4
11
18
25

1.66
1.30
3?
1.31

May 2
9
16
23
30

T

June 1.
8
15
22
29.

69
I 67
69
55
55

7*71

May 1
8
15
22
29

June 6
13.
20
27.

2 72
2.75
2.75
2.61

June 5
12
19
26

s:::::.:..

15
22
29
Oct




6
13
20
27

.

. . .

.

. ..
.

. . .

T

3
10
17
24
31

48

...

. .

...

T

T

2
9
16
23
30

1959—Jan

7
14
21
28

..

Rate

3.00
3 00
3 00
2.83
2 97

1957

1.72
1 87
1.87
1.96
2.00

Aug 3
10
17.
24
31.

Week ending—

July 3
10 •
17
24
31

2.75
2 75
2 75
2.74

July 4
11
18
25

Week ending—

.
..

.43
77
1.32
.45
.36

2.48
2.45
2.50
2.50

1.50
2.64
2.11
.73

Feb. 4
11
18
25

2.50
2.36
2.25
2.50

Mar 5
12
19
26

11
36
45
.07

Mar. 4
11
18
25

2.46
2.71
2 86
2.93

Apr 2
9
16
23
30

.55
07
75
.29
75

Apr. 1
8
15
22
29

2.84
3 00
3.00
3.00
2.93

May 7
14
21
28

1.11
.95
.47
20

May 6
13
20
27

June 4
11
18
25

32
1 39
1.36
.61

June 3
10
17
24

Feb 5
12
19
26

. . .

j
3 no
2. 86
2. 97
3 00

f

. .

1

3.00

. . .

. . .

3.00
3.00
2.61
2.82
3 10
3.36
3.50
3.46

6. EFFECTIVE RATE ON FEDERAL FUNDS — Continued
B. WEEKLY, 1954-63 — Continued
[Averages of daily figures; per cent per annum]
Week ending—

Rate

Week ending—

3 32 I960 June 1
8
3 50
15
3.36
22
3 50
29
T

1959 Julv 1
8
15
22
29
Aue 5
12 ::::::::
19
26

1

Rate

Week ending—

Rate

Week ending—

Rate

Week ending—

Rate

3.36
3.82
3.39
3.50
2.71

1961 M a y 3
10
17
24
31 .

57
1.64
2.29
2.50
2.14

1962 Aor 4
11.:::::
18
25

2 71
2.79
2.93
2.86

1963 Mar 6
13.. .
20
27

3 00
3 00
2.95
2 98

July 6
13
20
27 ..

3.36
2.93
3.50
3.14

June 7
14
21
28 ..

2.50
1.00
2.29
1.18

May 2
9
16
23
30

2.75
2.71
2.46
2.43
1 71

Apr. 3
10
17
24.

2 75
2.98
2.89
3 00

Sept 2
9
16
23
30

3.50
3 46
3 82
3 96
3 86

Aug. 3
10
17
24
31

3.29
3.11
3.07
2.68
2.89

July 5
12
19
26 .

1.04
1 36
1.18
.86

June 6
13
20
27

2.46
2 46
2.86
2 89

May 1
8 ..
15
22...
29

2.95
3.00
3 00
3 00
3 00

Oct 7
14
21
28

4.00
3 96
3 96
4 00

Sept. 7
14
21
28

2.96
2.79
1.89
2.64

Aug 2 ..
9
16 ...
23
30

1.64
2.25
2.75
1.64
1.50

Julv 4
ii:.::::
18
25

2.82
2.71
2.86
2.95

June 5
12
19
26...

3.00
3.00
3 00
2 96

Nov 4
11
18
25

4 00
4.00
4 00
4 00

Oct 5
12
19
26

2.86
3.00
1.93
2.00

SeDt 6
13::.:::
20
27

1.32
2.36
1.86
1 96

Aug. 1
8
15
22
29

2.75
2.89
3.00
2.89
2 93

July 3...
10
17...
24
31

3.00
2 98
3 04
2 64
3 41

Dec 2
9
16
23
30

3 96
4 00
4 00
4 00
4.00

Nov 2
9
16
23
30

2.86
2.96
2.82
2.32
1.50

Oct 4
11
18
25

1.64
2.43
2.64
2.36

Sent 5
12"::::
19
26

2.96
3.00
2.89
2.79

Aug 7
14 .
21
28... .

3
3
3
3

I960 j a n 6
13
20
27

4.00
4.00
4.00
3.96

Dec. 7
14
21
28

1.64
1.79
2.14
1.89

Nov 1
8
15
22
29

2.14
2.75
2.75
2.79
2.29

Oct 3
10
17
24
31

2.89
2.82
3.00
2.89
2.82

Sept 4
11...
18
25

3.50
3 50
3.43
3 48

Feb 3
10
17
24

4 00
3.96
4 00
3 89

1961 Jan 4
11
18
25

2.50
1.62
1.96
.66

Dec 6
13
20
27

2.25
1.61
2.36
2.86

Nov 7
14
21
28

2.95
3.00
2.96
2.89

Oct 2...
9
16. .
23
30

3.50
3 48
3 50
3 50
3 50

Mar 2
9
16
23
30

4 00
3 96
... 3.96
3.54
3.82

Feb 1
8
15
22

1.36
2.25
2.79
2.54

2.61
2 00
2.79
1.47
2.14

Dec 5
12
19
26

2.79
2.88
2.98
3.00

Nov 6
13
20
27

3 50
3 43
3 50
3.50

Apr 6
13
20
27

3.93
3.96
3.82
3 93

Mar. 1
8
15
22
29

2.50
2.61
2.00
1.82
1.61

Feb 7
14
21
28

2.04
2.61
2.36
2.47

2.90
2.77
3.00
2.95
2 98

Dec 4 .
11
18
25

3
3
3
3

May 4
11
18
25

4 00
4.00
3 89
3.79

Aor 5

1.79
2.11
1.64
1.14

Mar 7
14
21
28. ...

2.68
2.71
2 69
2.88




ii:•::.:

19
26

1962—Jan

3
10
17
24 .
31

49

1963—Jan. 2
9 .
16
23
30
Feb 6
13
20
27

3.00
3.00
3 00
3.00

50
46
50
48

32
16
50
50

7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES
A. ANNUALLY AND MONTHLY, 1941-63
[Per cent per annum]
3-month bills *
Rate
on new
issue

Year

6-month bills

Market
yield

Rate
on new
issue

9- to 12-month issues

Other 2

Bills
(market
yield)

Market
yield

3- to 5year
issues

1941.
1942.
1943.
1944.

.103
.326
.373
.375

.13
.34
.38
.38

.75
.79

.73
1.46
1.34
1.33

1945.
1946.
1947.
1948.
1949,

.375
.375
.594
.040
.102

.38
.38
.61
1.05
1.11

.81
.82
.88
.14
.14

1.18
1.16
1.32
1.62
1.43

1950.
1951.
1952,
1953,
1954,

.218
.552
.766
.931
.953

1.20
1.52
1.72
1.90
.94

.26
.73
.81
2.07
.92

1.50
1.93
2.13
2.56
1.82

1955.
1956,
1957.
1958,
1959,

1.753
2.658
3.267
1.839
3.405

1.73
2.62
3.23
1.78
3.37

3.832

3.79

1.89
2.83
3.53
2.09
4.11

2.50
3.12
3.62
2.90
4.33

1960,
1961,
1962.
1963.

2.928
2.378
2.778
3.157

2.87
2.36
2.77
3.16

3.247
2.605
2.908
3.253

3.20
2.59
2.90
3.25

3.55
2.91
3.02
3.28

3.99
3.60
3.57
3.72

3-month bills l

3-month bills
9- to 12month

3- to 5year
issues

9- to 12month
issues

3- to 5year
issues

.78
.78
.80
.78
.77
.79
.77
.76
.79
.80
.81
.80

1.30
1.32
1.36
1.36
1.35
1.34
1.31
1.30
1.31
1.35
1.34
1.35

1945—Jan..
Feb.,
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec.

.78
.77
.78
.77
.80
.81
.80
.82
.84
.83
.84
.84

1.31
1.22
1.18
1.14
1.16
1.16
1.16
1.17
1.19
1.17
1.14
1.13

1946—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec..

.79
.76
.79
.81
.83
.83
.84
.84
.85
.83
.84
.85

1.06
.99
.96
1.10
1.16
1.15
1.15
1.19
1.27
1.29
1.28
1.30

Rate
on new
issue

Market
yield

1941_Jan..
Feb..
Mar.
Apr..
May.
June
July.
Aug.
Sept.
Oct..
Nov.
Dec..

.089
.092
.082
.089
.097
.108
.055
.049
.242
.298

.02
.04
.11
.10
.11
.12
.12
.13
.10
.09
.28
.33

.76
.81
.84
.81
.72
.68
.67
.62
.62
.72
.98
1.10

1944—Jan..
Feb.
Mar.
Apr.,
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

1942—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec..

.213
.250
.212
.299
.364
.363
.368
.370
.370
.372
.371
.363

.27
.25
.25
.32
.37
.37
.38

.80
.76
.75
.80
.80

1.05
1.02
1.02
1.06
1.11
1.41
1.45
1.47
1.47
1.48
1.49
1.48

1943—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec..

.367
.372
.373
.373
.373
.374
.374
.375
.375
.375
.375
.375

.76
.73
.75
.78
.78
.70
.68
.75
.77
.78
.77
.77

1.43
1.41
1.40
1.39
1.36
1.32
1.30
1.29
1.31
1.31
1.29
1.30

Month

T

I
.38

Month

For notes see p. 60.




3.41
2.81
3.01
3.30

50

Rate
on new
issue

Market
yield

.374
.375

.38

T

.375
.375

T

is

7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES — Continued
A. MONTHLY, 1941-63 — Continued
[Per cent per annum]
3-month bills
Month

Rate
on new
issue

Market
yield

3-month bills
9-to 12month
issues

3- to 5year
issues

.84
.85
.82
.83
.85
.85
.85
.85
.87
.97
.99
1.04

1.26
1.26
1.24
1.24
1.27
1.29
1.33
1.31
1.28
1.35
1.47
1.54

1.09
1.10
1.09
1.10
1.09
1.09
1.10
1.15
1.18
1.23
1.22
1.21

9-to 12month
issues

3- to 5year
issues

1.96
1.97
2.01
2.19
2.16
2.11
2.04
2.04
1.79
1.38
1.44
1.60

1.97
1.97
2.04
2.27
2.41
2.46
2.36
2.33
2.17
1.72
1.53
1.61

2.39
2.42
2.46
2.61
2.86
2.92
2.72
2.77
2.69
2.38
2.32
2.22

M^y!
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec.

1.214
.984
1.053
1.011
.782
.650
.710
.892
1.007
.987
.948
1.174

1.18
.97
1.03
.96
.76
.64
.72
.92
1.01
.98
.93
1.14

1.33
1.01
1.02
.90
.76
.76
.65
.64
.89
1.03
.94
1.10

2.04
1.84
1.80
1.71
1.78
1.79
1.69
1.74
1.80
1.85
1.90
1.94

1.59
1.57
1.54
1.53
1.49
1.42
1.26
1.26
1.34
1.38
1.37
1.37

1955_jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.,
Oct..
Nov.,
Dec.

1.257
1.177
1.335
1.620
1.491
1.432
1.622
1.876
2.086
2.259
2.225
2.564

1.23
1.17
1.28
1.59
1.45
1.41
1.60
1.90
2.07
2.23
2.25
2.54

1.36
1.41
1.49
1.71
1.72
1.71
1.88
2.12
2.14
2.19
2.28
2.56

2.11
2.18
2.30
2.39
2.40
2.42
2.54
2.73
2.72
2.58
2.70
2.83

Rate
on new
issue

Market
yield

1953_jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

2.042
2.018
2.082
2.177
2.200
2.231
2.101
2.088
1.876
1.402
1.427
1.630

1.63
1.63
1.60
1.58
1.51
1.49
1.56
1.65
1.69
1.71
1.69
1.64

1954—Jan..
Feb.,
Mar.

Month

1947_Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

.375
.376
.376
.376
.376
.376
.637
.744
.791
.841
.920
.948

1948—Jan..
Feb.,
Mar.
Apr.,
May,
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

.970
.994
.997
.997
.998
.998
.997
1.033
1.087
1.118
1.139
1.153

1949_Jan..
Feb..
Mar.
Apr.,
May.
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

1.159
1.163
1.162
1.157
1.153
1.158
.980
1.022
1.061
1.043
1.061
1.102

1.17
1.02
1.04
1.07
1.05
1.08
1.10

1.22
1.22
1.22
1.20
1.19
1.20
1.04
1.07
1.08
1.09
1.09
1.10

1950—Jan..
Feb..
Mar.
May!
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.

1.090
1.125
1.138
1.159
1.166
1.174
1.172
1.211
1.315
1.329
1.364
1.367

1.07
1.12
1.12
1.15
1.16
1.15
1.16
1.20
1.30
1.31
1.36
1.34

1.12
1.15
1.16
1.17
1.18
1.23
1.23
1.26
1.33
1.40
1.47
1.46

1.39
1.44
1.45
1.45
1.45
1.47
1.45
1.45
1.55
1.65
1.62
1.64

1956—Jan..
Feb..
Mar.,
Apr..
May.
June.
July.
Aug..
Sept.,
Oct..
Nov.,
Dec.

2.456
2.372
2.310
2.613
2.650
2.527
2.334
2.606
2.850
2.961
3.000
3.230

2.41
2.32
2.25
2.60
2.61
2.49
2.31
2.60
2.84
2.90
2.99
3.21

2.50
2.38
2.43
2.83
2.83
2.69
2.62
3.01
3.17
3.07
3.15
3.33

2.74
2.65
2.83
3.11
3.04
2.87
2.97
3.36
3.43
3.29
3.49
3.65

1951—Jan..
Feb..
Mar.
AprMay.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

1.387
1.391
1.422
1.520
1.578
1.499
1.593
1.644
1.646
1.608
1.608
1.731

1.34
1.36
1.40
1.47
1.55
1.45
1.56
1.62
1.63
1.54
1.56
1.73

1.47
1.60
1.79
1.89
1.85
1.79
1.74
1.70
1.71
1.74
1.68
1.77

1.66
1.67
1.86
2.03
2.04
2.00
1.94
1.89
1.93
2.00
2.01
2.09

1957_jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.

3.210
3.165
3.140
3.113
3.042
3.316
3.165
3.404
3.578
3.591
3.337
3.102

3.11
3.11
3.08
3.06
3.06
3.29 .
3.16
3.37
3.53
3.58
3.29
3.04

3.17
3.23
3.35
3.41
3.37
3.55
3.71
3.93
4.02
3.94
3.52
3.09

3.40
3.33
3.38
3.48
3.60
3.77
3.89
3.91
3.93
3.99
3.63
3.04

1952—Jan..
Feb..
Mar.

1.688
1.574
1.658
1.623
1.710
1.700
1.824
1.876
1.786
1.783
1.862
2.126

1.57
1.54
1.59
1.57
1.67
1.70
1.81
1.83
1.71
1.74
1.85
2.09

1.75
1.70
1.69
1.60
1.66
1.74
1.89
1.94
1.95
1.84
1.89
2.03

2.08
2.07
2.02
1.93
1.95
2.04
2.14
2.29
2.28
2.26
2.25
2.30

1958—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.

2.598
1.562
1.354
1.126
1.046
.881
.962
1.686
2.484
2.793
2.756
2.814

2.44
1.54
1.30
1.13
.91
.83
.91
1.69
2.44
2.63
2.67
2.77

2.56
1.93
1.77
1.35
1.21
.98
1.34
2.14
2.84
2.83
2.92
3.24

2.77
2.67
2.50
2.33
2.25
2.25
2.54
3.11
3.57
3.63
3.60
3.65

M^y!
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.




.38

T
.38
.66
.75
.80
.85
.92
.95
.97
1.00

T
1.00
1.06
1.09
1.12
1.14
1.16
1.17

51

7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES — Continued
A. MONTHLY, 1941-63 — Continued
[Per cent per annum]
6-month bills

3-month bills

Other 2

3-to 5
year
issues

4.31
4.83
4.69
4.54
4.99

3.26
3.38
3.56
3.66
3.92
3.97
4.30
4.32
4.80
4.65
4.70
4.98

3.86
3.85
3.88
4.03
4.16
4.33
4.40
4.45
4.78
4.69
4.74
4.95

4.74
4.30
3.61
3.55
3.58
2.74
2.71
2.59
2.83
2.73
2.66
2.50

4.95
4.45
3.68
3.83
4.01
3.10
3.03
2.82
2.86
2.92
2.87
2.64

4.93
4.58
3.93
3.99
4.19
3.35
3.13
2.89
2.99
3.01
2.99
2.79

4.87
4.66
4.24
4.23
4.42
4.06
3.71
3.50
3.50
3.61
3.68
3.51

2.496
2.601
2.591
2.493
2.436
2.546
2.457
2.670
2.689
2.702
2.686
2.875

2.47
2.60
2.54
2.47
2.44
2.54
2.45
2.66
2.68
2.66
2.70
2.88

2.63
2.75
2.76
2.74
2.72
2.80
2.79
2.91
2.88
2.90
2.90
2.97

2.70
2.84
2.86
2.83
2.82
3.02
2.87
3.03
3.03
2.97
2.95
3.03

3.53
3.54
3.43
3.39
3.28
3.70
3.69
3.80
3.77
3.64
3.68
3.82

2.72
2.73
2.72
2.73
2.68
2.73
2.92
2.82
2.78
2.74
2.83
2.87

2.965
2.955
2.883
2.838
2.789
2.804
3.085
3.005
2.947
2.859
2.875
2.908

2.94
2.93
2.87
2.83
2.78
2.80
3.08
2.99
2.93
2.84
2.89
2.91

3.19
3.21
2.98
2.90
2.91
2.89
3.17
3.10
2.99
2.90
2.94
2.94

3.08
3.11
2.99
2.94
2.98
3.02
3.23
3.13
3.00
2.90
2.92
2.95

3.84
3.77
3.55
3.48
3.53
3.51
3.71
3.57
3.56
3.46
3.46
3.44

2.91
2.92
2.89
2.90
2.92
2.99
3.18
3.32
3.38
3.45
3.52
3.52

2.962
2.970
2.950
2.988
3.006
3.078
3.272
3.437
3.494
3.573
3.648
3.667

2.96
2.98
2.95
2.98
3.01
3.08
3.31
3.34
3.50
3.58
3.65
3.66

3.00
3.00
2.97
3.03
3.06
3.11
3.40
3.50
3.57
3.61
3.67
3.69

2.97
2.89
2.99
3.02
3.06
3.17
3.33
3.41
3.54
3.59
3.70
3.77

3.47
3.48
3.50
3.56
3.57
3.67
3.78
3.81
3.88
3.91
3.97
4.04

Market
yield

Rate
on new
issue

Market
yield

2.837
2.712
2.852
2.960
2.851
3.247
3 243
3.358
3.998
4.117
4.209
4.572

2.82
2 70
2.80
2 95
2.84
3.21
3 20
3.38
4.04
4.05
4.15
4.49

3.097
3.166
3.159
3.277
3.368
3.531
3 885
3.840
4.626
4.646
4.585
4.915

3.09
3.12
3.13
3.27
3.32
3.52
3 82
3.87
4.70
4.53
4.54
4.85

4.436
3.954
3.439
3.244
3.392
2.641
2.396
2.286
2.489
2.426
2.384
2.272

4.35
3.96
3.31
3.23
3.29
2.46
2.30
2.30
2.48
2.30
2.37
2.25

4.840
4.321
3.693
3,548
3.684
2.909
2.826
2.574
2.803
2.845
2.650
2.530

M^y!
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

2.302
2.408
2.420
2.327
2.288
2.359
2.268
2.402
2.304
2.350
2.458
2.617

2.24
2.42
2.39
2.29
2.29
2.33
2.24
2.39
2.28
2.30
2.48
2.60

1962—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

2.746
2.752
2.719
2.735
2.694
2.719
2.945
2.837
2.792
2.751
2.803
2.856

1963—Jan..
Feb..
Mar.

2.914
2.916
2.897
2.909
2.920
2.995
3.143
3.320
3.379
3.453
3.522
3.523

Month

Rate
on new
issue

1959—Jan..
Feb..
Mar.
Apr..
May.
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec,
I960—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
1961—Jan..
Feb..
Mar.

M^y!
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

1

For notes see p. 60.




9- to 12-month issues

52

Bills
(market
yield)

7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES

Continued

B. WEEKLY, 1941-63
[Per cent per annum]
3-month bills

3-month bills »
Week
ending—

Rate
on new
issue

Market
yield

3-to
5-year
issues

1941
02

I

25

Feb 1
8
15..
22

000

.007

Mar 1
8
15
22
29

043

.086
.120
117

June 7
14
21

28
July 5
12

19
26
Aug. 2 .
9

Oct. 4..
11
18

25
Nov. 1
8 .
15

22 .
29
Dec 6
13
20

27

Apr 4
11..

81
86
84
83

17

24
31
Feb. 7
14..
21

28

May 2
9

16.. ..

. ..

.08

.84

23
30

.055
.079
.093
.097

.08
.10
11

.86
.86
82

June 6
13.. .

.12

77

.12
.12
.10
.10
.10

74
73
.73
72
.71

13
.13

.12
.10

70
67

.68
.68

22

.10

.67

Sept. 5

.094
106
.114
.116
.114

.12
.12

.12
M
.12
.13

.68
.68
.68
.63
63
.64

.13
.13

.61
.60

.090
.071
.050
.037

.11
.10

.58
.58

.062
.002
.001
.024
.067
.151
.200
.258
.267
.242
.293
.295
.295
.310
.304
.119
.196
.231
.220
.250
.263
.266

20
27

July 4
11

18
25 . .
AUK
8

1.. ..
8
15 . .
29 . . .
12

19.. ..
26
Oct 3
10
17
24

31.. .

.63
.65

Nov. 7
14 .
21
28

.11

.66

.07
.06
.06

69
.72
.73

.15
.25
.28
.30
.30

.78
.91
98

.10
.08

.30
.33
.35
.35

1.02
1.02
1.06
1.13
1.11
1.12

- 1942
Jan 3
10

18

25.. ..

.086
.097
.097
.098

31

13
20
27.

09
12
.14
11

79
80
82
81

21
28

.107
.100
.103
.066

May 3
10..
17
24

30

02
.03

Mar 7
14

.097
.096
.069
.070
.069

19

26

Sept. 6

1

69
75
75
76

.065

Apr. 5
12.......

16.

Rate
on new
issue

Market
yield

3-month bills
9-to
12month
issues

3-to
5-year
issues

.35
.32
.24

.24
.25
.22
.23

.27
.25

1.10
[.07
1.06
1.04
1.02
[.03
1.02
1.02
1.02

222
229
195
203

25
.25
25
25

1
1
1
1

01
03
03
01

May 1
8
15.

221
264
281
317

25
.29

1 03
1.05
1 04
1.07

335
358
368
365

32
.34
35
38

.365

362

1.13
1.41
1 41
1.42

360
365
365
368

1.42
1 44
1.46
1.46

365
.366
365

369
372
372

.372
369

.83
78

367

76

.368
369
.370

.77
76
.77

.373
369

.78
77

373

76

.373
373

.73
72

373
373

Dec 5 . .

368

79

12
19

367
364

79
78
82

.363

19

..

17

24
31
AUK.

7.

Market
yield

9-to
12month
issues

3-to
5-year
issues

..
..

.363
.366
370

Feb 6.. .
13
20
27

.372
.373
.374

Mar 6
13

369
.371

81
80
.76

.75
72

373

27

.373

Apr. 3
10

.374
.374
.373
.371

i
.38

53

79
.77

68

68
69
.69
.68

I 29
I 28
I 32
1.31
1.31

.74
73
75
.79

1.30
I 28
I 29
1.31

I 33
I 33
1.32

[ 31

375

1

77
76
.81
79
.79

[ 32
I 3i
1.32
[ 3i
1.30

.375
376
.375
.376

.78
77
.77
.75

1.30
I 30
1.29
1.29

375
375
.375
375

78
.77
.76

I 29
[ 29
1.31
[ 31

25

30

27

..
..

..

11
18

25.. ..

.374

T

77

I 32
I 32
1.31

1944

i
1.49
1 48
1.48
1.49

1 49
1.44
1.43
1.41
1 41

1 41
1.41
1.39
1.39

.75
.79

I 32

79
.77
75
.77

Dec 4

75
75
75
.74

73
71
72
.67

1 39
1 38
1 34
1.33

375
375
374

ii:::::
18. ..

1.47
1 47
1 49

1.39
1.40
1.42
1.42

.72
.73

1 1Q

.375

Nov 6
13
20.

73
.75

369

375

78
81
80
77
.74

28

Jan 1
8..
15
22
29

Feb 5.. ..
12

365
357

.374
374

38
|

Sect 4

1.46
1.47
1.47
1.48

T

374
375
374

.374
.374

14

21.

.373

.374

26

July 3.
10

372
373
372
373

374
374
374

12.

19.. ..

Jan 2
9 .
16
23
30

24

29.....

Oct 2
9.
16
23.

1943

17

..

22

1.47
1 49
1.48
1.47
1.46

81
80

For notes see p. 60.




1 09
1 11
1.11
1 11
1.11

I

.80
.79

20

Rate
on new
issue

June 5

.371
.370

26.. ..

Week
ending—

1943

1942

Jan 4
11
18

23

Week
ending—

1.39
1.40
1.39
1.38

26

Mar 4
11.. ..
18
25
Apr 1
8
15
22
29
May 6..
13

20
27

.375
.373
.374
374
374

.77
.76
.77
78
79

.31
.29
1.29
1 31
32

374
374
375
|

78
77
.79
79

1 32
] 32
1 32
] 32

80
.79

\

374
375

T

10

.375

.78
.77
.77

39
37
1.36
1.35
1.35

77
75

1 35
\ 34

.79
.79

.3

1.33
1 39

80
.80

June 3
17
24

33

1 33

.81
80

1.34
1 33

.78
.79

.79
.79

1.35
1 35
1.34
1 35

7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES — Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]
3-month bills
Week
ending—

3-month bills
9-to

3- to
5-year
issues

Week
ending—

.79
.78
.78
.77
.76

1.34
1.32
1.31
1.31
1.31

Sept. 1 . . .
8...
15...
22...
29...

Aug. 5 . .
12..
19..
26..

.77
.77
.75
.75

1.30
1.30
1.30
1.30

Sept. 2 . .

1

.75
.79
.78
.78
.80

1.28
1.27
1.29
1.34
1.34

Nov. 3 . . .
10...
17...
24...

Oct. 7 . .
14..
21..
28..

.375
.376
.376
.375

.80
.80
.80
.79

1.35
1.35
1.34
1.34

Dec. 1 . . .
8...
15...
22...
29...

Nov. 4 . .
11..
18..
25..

T

.81
.81
.81
.80

1.35
1.35
1.34
1.33

.80
.80
.80
.81
.81

1.35
1.35
1.35
1.36
1.36

Rate
on new
issue

Market

yield

month
issues

1944
July

1..
8..

15..
22..
29..

.38

T

T

Dec. 2 . .
9..

16..
23..
30..

Jan.

6..
13..
20..
27..

1

.375

.80
.78
.79
.77

.373
.375

T

1.34
1.33
1.32
1.29
1.24
1.23
1.20

Week
ending—

.83
.84
.85
.85
.84

1.17
1.16
1.18
1.21
1.20

Nov. 2 . . .
9...
16...
23...
30...

.376

.38

T

T

.84
.84
.82
.81

1.20
1.17
1.16
1.16

Dec. 7 . . .
14...
21...
28...

.375
.376

1

.84
.84
.84
.84

1.17
1.15
1.13
1.13

.375
.375
.375
.375
.375

.85
.84
.83
.83
.84

1.14
1.13
1.12
1.15
1.14

.373
.375

.84
.82
.78
.77

Feb. 2 . . .
9...
16...
23...

Rate
on new
issue

Market

yield

1.31
1.29
1.32
1.29

.374
.375
.376

.84
.84
.84
.83

1.29
1.28
1.27
1.24

Feb. 1 . . .
8...
15...
22...

.85
.84
.85
.85

1.25
1.25
1.26
1.26

1.12
1.07
1.05
1.03

Mar. 1 . . .
8...
15...
22...
29...

.85
.84
.83
.81
.81

1.27
1.27
1.25
1.23
1.21

.78
.77
.76
.75

1.03
1.01
1.00

Apr. 5 . . .
12...
19...
26...

.81
.82
.83
.83

1.22
1.22
1.25
1.24

Mar. 2 . . .
9...
16...
23...
30...

.76
.78
.79
.80
.81

.93
.92
.93
.97

.84
.85

1.02

May 3 . . .
10...
17...
24...
31...

1.26
1.27
1.28
1.27
1.26

Apr. 6 . . .
13...
20...
27...

.80
.80
.80
.82

1.05
1.10
1.12
1.13

June 7 . . .
14...
21...
28...

May 4 . . .
11...
18...
25...

i
.375

.83
.83
.83
.83

1.12
1.14
1.18
1.18

.376
.375
.375
.375
.375

.84
.83
.83
.83
.84

1946
Jan. 5 . . .
12...
19...
26...

T

.77
.78
.78
.78
.76

Apr. 7 . .
14..
21..
28..

.376
.375

.75
.76
.78
.79

.15
.15
.14
.14

June 1 . . .
8...
15...
22...
29...

May 5 . .
12..
19..
26..

.79
.79
.80
.81

.14
.16
.17
.17

July 6 . . .
13...
20...
27...

.376
.375
.375
.375

June 2 . .
16..
23..
30..

.81
.81
.81
.81
.80

.18
.17
.17
.14
.14

Aug. 3 . . .
10...
17...
24...
31...

.376
.376
.376
.375

7..
14..
21..
28..

.79
.78
.80
.82

.14
.14
.17
.19

.82
.81
.82
.83

.18
.17
.17
.19

9..

Aug. 4 . .
11..
18..
25..




i

.375

i

.38

yield

3-to
5-year
issues

.85
.85
.84
.85

.375
.375
.375
.375
.375

T

ket

month
issues

.376
.375
.375
.375

T

Mar. 3 . .
10..
17..
24..
31..

.18
.17

Mar-

1.27
1.27
1.27
1.28
1.30

T

.77
.77
.77
.76

1.20
1.18
1.19

12-

Rate
on new
issue

.84
.84
.85
.84
.85

.38

i
.375
.376

July

month
issues

1946
.375

Feb. 3 . .
10..
17..
24..

.25

9- to

3-to
5-year
issues

12-

1945
.375
.375
.374
.375

9..

16..
23..
30..

3-month bills
9-to

Oct. 6 . . .
13...
20...
27...

12-

.96

i

1947
Jan. 4 . . .
11...
18...
25...

T

T

i

1.26
1.27
1.32
1.32

i

i

.85

July 5 . . .
12...
19..'.
26...

.376
.594
.737
.740

.38
.60
.75

.86
.86
.85

T

T

1.17
1.15
1.12
1.15
1.16

Aug. 2 . . .
9...
16...
23...
30...

.740
.740
.741
.741
.752

.75
.76

.84
.84
.84
.83

1.13
1.14
1.18
1.16

Sept. 6 . . .
13...
20...
27...

.766
.789
.802
.808

.77
.79
.81
.82

.85
.87
.87
.87

.84
.84
.84
.83
.84

1.16
1.16
1.17
1.20
1.22

Oct. 4 . . .
11...
18...
25...

.817
.827
.835
.855

.83
.84
.85
.86

.93
.96
.96
.98

Sept. 7 . . .
14...
21...
28...

.85
.85
.85
.85

1.25
1.26
1.28
1.29

Nov. 1 . . .
8...
15...
22...
29...

.873
.895
.912
.931
.940

.88
.90
.92
.93
.95

.98
.98
.98

1.00
1.01

1.42
1.45
1.47
1.47
1.49

Oct. 5 . . .
12...
19...
26...

.85
.83
.83
.83

1.30
1.30
1.30
1.29

Dec. 6 . . .
13...
20...
27...

.944
.948
.949
.951

.95
.95
.95
.96

1.04
1.04
1.03
1.04

1.49
1.48
1.55
1.61

T

i

.37 5

i

.38

54

i

i

1.33
1.32
1.33
1.33
1.33
1.33
1.33
1.29
1.27
1.27
1.28
1.28
1.28
1.29
1.30
1.33
1.37

7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES — Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]
3-month bills
Week
ending—

3-month bills
9- to
month
issues

3- to
5-year
issues

Week
ending—

.96
.96
.97
.98
.99

1.05
1.08
1.09
1.09
1.1.0

1.65
1.63
1.64
1.64
1.64

.99

1.10
1.10
1.09

12-

Rate
on new
issue

Market

yield

3-month bills
9- to

9- to
. 12month
issues

3-to
5-year
issues

1.16
1.16
1.15
1.16

1.18
1.18
1.18
1.18

1.47
1.44
1.45
1.45

1.169
1.179
1.177
1.174

1.17
1.16
1.15
1.14

1.23

1.45
1.46
1.47
1.47

July 1 . . .
8...
15...
22...
29.,.

1.172
1.174
1.168
1.173
1.174

1.14
1.16
1.15
1.16
1.16

1.23
1.22
1.23
1.23

1

1.49
1.48
1.45
1.45
1.44

1.46
1.43
1.42
1.41

Aug. 5 . . .
12...
19...
26...

1.174
1.174
1.173
1.247

1.16
1.16
1.16
1.26

1.23
1.23
1.23
[.30

1.45
1.44
1.45
1.44

month
issues

3-to
5-year
issues

Week
ending—

12-

Rate
on new
issue

Mar-

Mar. 5 . . .
12...
19...
26...

1.163
1.162
1.162
1.162

1.17
1.17
1.17
1.17

1.22
1.22
1.23
1.23

1.58
1.56
1.54
1.52

1.64
1.64
1.62
1.63

Apr. 2 . . .
9...
16...
23...
30...

1.162
1.160
1.153
1.157
1.156

1.17
1.16'
1.16
1.17
1.17

1.23
1.21
1.20
1.20
1.19

1.52
1.53
1.54
1.53
1.52

1.62
1.62
1.60
1.58

May 7 . . .
14...
21...
28...

1.147
1.148
1.157
1.159

1.16
1.16
1.17

1.19
1.18
1.19
1.18

1948

ket

yield

Rate
on new
issue

Mar-

May 6 . . .
13...
20...
27...

1.166
1.166
1.165
1.167

June 3 . . .
10...
17...
24...

1.51
1.51
1.48
1.47

1949

ket

yield

1950

Jan. 3 . .
10..
17..
24..
31..

.952
.950
.976
.981
.990

Feb. 7..
14..
21..
28..

.990
.994
.996
.997

Mar. 6..
13..
20..
27..

.997
.997
.996
.996

Apr. 3 . .
10..
17..
24..

.996
.997
.998
.997

1.09
1.10
1.10
1.10

1.59
1.58
1.57
1.58

June 4 . . .
11...
18...
25...

1.159
1.158
1.158
1.158

1.17

1.21
1.20
1.20
1.21

May 1..
15..
22..
29..

.997
.998
.998
.997
.997

1.10
1.10
1.09
1.07
1.08

1.58
1.57
1.54
1.47
1.47

July 2 . . .
9...
16...
23...
30...

1.158
1.052
.923
.928
1.017

1.14
1.01
1.00
1.01
1.03

1.16
1.04
1.02
1.03
1.06

1.36
1.26
1.25
1.26
1.27

Sept. 2 . . .
9...
16...
23...
30...

1.285
1.308
1.311
1.317
1.324

1.29
[.30
1.30
1.30
1.31

1.32
1.33
1.33
1.33
1.34

1.48
1.51
1.54
1.55
1.59

June 5..
12..
19..
26..

.997
.998
.998
.998

1.09
1.09
1.09
1.09

1.46
1.46
1.47
1.52

Aug. 6 . . .
13...
20...
27...

1.032
1.007
1.017
1.031

1.04
1.02
1.04
1.05

1.05
1.06
1.06
1.08

1.28
1.24
1.25
1.26

Oct. 7 . . .
14...
21...
28...

1.324
1.337
1.337
1.316

1.32
1.33
1.30
[.29

1.35
1.35
1.40
1.45

1.60
1.64
1.68
1.66

July 3 . .
10..
17..
24..
31..

.997

1.54
1.55
1.55
1.57
1.59

Sept. 3 . . .
10...
17...
24...

1.054
1.055
1.058
1.062

1.06
1.06
1.06
1.07

1.08
1.08
1.08
1.08

1.25
1.24
1.37
1.38

Nov. 4 . . .
11...
18...
25...

1.341
1.350
1.366
1.380

1.33
1.34
1.35
1.37

1.47
1.47
1.47
1.47

1.64
1.62
1.60
1.62

i

1.09
1.10
1.10
1.10
1.10

Aug. 7..
14..
21..
28..

i

.997
1.066
1.072

1.00
1.05
1.08
1.09

1.10
1.16
1.16
1.17

1.61
1.66
1.66
1.67

Oct. 1 . . .
8...
15...
22...
29...

1.076
.059
1.050
1.027
1.036

1.08
1.05
1.05
1.03
1.05

1.09
1.08
1.09
1.08
1.09

1.39
1.37
1.39
1.39
1.38

Dec. 2 . . .
9...
16...
23...
30...

1.383
1.366
1.351
1.368
1.382

1.38
1.32
[.31
1.35
1.37

1.46
1.46
1.46
1.47

T

1.63
1.64
1.63
1.65
1.65

Sept. 9 . .
11..
18..
25..

1.075
1.076
1.083
1.092

1.08
1.08
1.09
1.10

1.17
1.17
1.17
1.18

1.66
1.68
1.69
1.70

Nov. 5 . . .
12...
19...
26...

1.063
1.074
[.056
1.052

1.08
1.08
1.05
1.07

1.10
1.10
1.08
1.09

1.37
1.36
1.36
1.38

1951
Jan. 6 . . .
13...
20...
27...
Feb. 3 . . .
10...
17...
24...

1.381
1.387
1.391
1.389
1.391
1.391
1.391
1.390

.32
.36

.32
.35

1.47

1.66
1.67
1.66
1.66

.38
.36
.36
.36

1.61
1.61
1.59
1.59

1.67
1.68
1.67
1.67

8..

1.00

T

i

T

16..
23..
30..

1.109
1.114
1.118
1.118
1.120

1.12

Nov. 6..
13..
20..
27..

1.129
1.138
1.141
1.147

1.15

Oct. 2 . .
9..

Dec. 1 14 . .

1.150

ii..

i i ^"y
1.1DZ

18..
25..

1.153
1.154

T

.11
.11
.12
.13

.14
.14
.14

.14
L.

i1 Va
J

T

1.20
1.23

1.70
1.71
1.71
1.71
1.72

i

1.22

1.72
1.71
1.67
1.69

.21

1.67

T

1.23
.22

15..
22..
29..

1..

1.157
1.155
1.160
1.160
1.160

Feb. 5 . .
12..
19..
26..

1.161
1.163
1.163
1.164

8..

1.11
1.11
1.10
1.09
1.09

1.38
1.37
1.37
1.36
1.37

Jan. 7 . . .
14...
21...
28...

1.081
1.076
1.101
1.103

1.06
1.06
1.07
1.08

1.10
1.10
1.13
1.13

1.35
1.36
1.39
1.42

Mar. 3 . . .
10...
17...
24...
31...

1.390
1.406
1.402
1.405
1.507

.37
.37
.35
.38
.50

1.60
1.72
1.79
1.80
1.94

1.69
1.78
1.86
1.92
2.03

1950

1.65
1.64

Feb. 4 . . .
11...
18...
25...

1.118
1.119
1.131
1.132

1.11
1.11
1.12
1.12

1.14
1.14
1.15
1.15

1.44
1.43
1.45
1.44

Apr. 7 . . .
14...
21...
28...

1.517
1.528
1.529
1.506

.48
.50
: .46
.44

1.90
1.91
1.96
1.82

2.03
2.02
2.05
2.00

1.63
1.61
1.60
1.59
1.58

Mar. 4 . . .
11...
18...
25...

1.137
1.139
1.131
1.138

1.12
1.12
1.11
1.12

1.16
1.16
1.16
1.16

1.44
1.44
1.45
1.45

May 5 . . .
12...
19...
26...

1.508
1.566
1.626
1.591

.48
.56
.59
.55

1.75
1.89
1.90
1.84

2.02
2.07
2.05
2.01

Apr. 1 . . .
8...
15...
22...
29...

1.145
1.148
1.160
1.160
1.166

1.13
1.14
1.15
1.14
1.16

1.16
1.17
1.16
1.17
1.19

1.45
1.44
1.45
1.45
1.46

June 2 . , .
9...
16...
23...
30...

1.600
1.555
1.467
1.445
1.527

.54
.47
.36

1.85
1.79
1.76
1.78
1.82

2.02
2.00
1.98
2.01
2.02

T




1.12
1.12
1.11
1.09
1.09

.22

T

X

[.108
1.115
1.115
1.087
1.087

Dec. 3 . . .
10...
17...
24...
31...

i &^
I.CO

i
1.16
1.17

1.17

I

"71

1.21

1949
Jan.

T

T

1

1.22

1.57
1.57
1.58
1.59

55

1.41
1.53

7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES — Continued
B.

WEEKLY, 1941-63 — Continued
[Per cent per annum]
3-month bills

3-month bills
Week
ending—

9-to
12month
issues

3-to
5-year
issues

Week
ending—

Sept. 6 . . .
13...
20...
27...

1.884
1.850
1.774
1.635

1.84
1.81
1.62
1.60

1.94
1.98
1.95
1.94

2.28
2.28
2.26
2.28

1.93
[.91
1.90
1.87

Oct. 4 . . .
11...
18...
25...

1.760
1.829
1.836
1.735

1.71
1.79
1.75
1.67

1.92
1.90
1.82
1.79

1.68
1.67
1.69
1.71
1.74

1.87
1.89
1.91
.93
1.98

Nov. 1 . . .
8...
15...
22...
29...

1.757
1.796
1.843
1.877
1.931

1.75
1.78
1.83
1.87
1.93

1.59
1.50
1.53
1.54

1.76
1.75
1.75
1.73

2.00
1.98
2.01
2.01

Dec.

2.049
2.091
2.138
2.228

1.617
1.610
1.619
1.585

1.55
1.57
1.58
1.52

1.72
1.68
1.68
1.68

2.01
2.01
2.00
2.03

1.609
1.632
1.700
1.725
1.865

1.58
1.63
1.69
1.74
1.88

1.68
1.70
1.73
1.79
1.90

2.00
2.02
2.03
2.10
2.24

Jan. 3 . . .
10...
17...
24...
31...
Feb.

7,.
14..
21..
28..

1.604
1.615
1.562
1.591

1.58
1.55
1.53
1.57

1.80
1.77
1.73
1.70

1.99
1.94
1.92
1.91

Aug. 4 . .
11..
18..
25..

1.611
1.652
1.660
1.651

1.60
1.62
1.63
1.61

1.72
1.73
1.71
1.68

Sept. 1..
8..
15..
22..
29..

1.645
1.646
1.646
1.644
1.647

1.62
1.63
1.63
1.62
1.63

Oct.

6..
13..
20..
27..

t.646
1.576
1.615
1.593

Nov. 3 . .
10..
17..
24..
Dec.

1..
8..
15..
22..
29..

1952

1.36
1.47
1.42
1.50

1.59
1.56
1.49
1.50

2.34
2.34
2.31
2.30

1.589
1.603
1.682
1.704

1.59
1.62
1.68
1.64

1.62
1.59
1.63
1.62

2.31
2.23
2.22
2.19

Jan. 2 . . .
9...
16...
23...
30...

1.574
1.314
1.336
1.208
.998

1.48
1.30
1.28
1.12
1.01

1.58
1.56
1.44
1.22
1.09

2.14
2.12
2.07
1.99
1.97

Feb.

6...
13...
20...
27...

1.031
.893
1.024
.986

.99
.91
.98
.98

1.04
.99
1.03
.96

.93
.87
1.82
1.74

Mar. 6 . . .
13...
20...
27...

1.059
1.066
1.056
1.030

1.03
1.04
1.02
1.03

1.09
1.09
1.01
.94

.85
.85
.77
1.74

Apr. 3 . . .
10...
17...
24...

1.063
1.013
1.066
1.027

1.03
1.00
1.04
.99

.92
.99
.94
.88

1.75
1.73
.74
1.70

Rate
on new
issue

Market
yield

Nov. 7 . . .
14...
21...
28...

1.306
1.482
1.433
1.488

2.29
2.29
2.27
2.23

Dec. 5 . . .
12...
19...
26...

1.82
1.81
1.85
1.93
1.96

2.24
2.22
2.25
2.25
2.27

1954

2.01
2.07
2.13
2.22

2.00
2.02
2.04
2.06

2.26
2.26
2.32
2.36

2.191
1.986
2.124
2.097
1.961

2.03
1.99
2.05
1.91
1.92

1.99
1.96
2.01
1.96
1.97

2.36
2.37
2.41
2.38
2.40

7...
14...
21...
28...

2.031
1.993
1.976
2.070

1.95
1.93
1.96
2.07

1.99
1.94
1.95
2.02

2.41
2.39
2.42
2.46

1953

1952

1951

3- to
5-year
issues

Week
ending—

Market
yield

Market
yield

9- to
12month
issues

3-to
5-year
issues

Rate
on new
issue

Rate
on new
issue

July

3-month bills
9-to
12month
issues

6...
13...
20...
27...

1953

Jan.

5..
12..
19..
26..

1.883
1.686
1.684
1.599

1.70
1.63
1.58
1.49

1.81
1.77
1.76
1.72

2.14
2.10
2.06
2.05

Mar. 7 . . .
14...
21...
28...

2.164
2.098
2.029
2.036

2.09
2.03
1.98
1.97

2.04
2.02
2.01
2.09

2.42
2.44
2.46
2.52

May 1 . . .
8...
15...
22...
29...

.886
.773
.825
.813
.718

.82
.75
.80
.79
.71

.78
.69
.74
.82
.79

1.66
1.70
1.77
1.81
.86

Feb.

2..
9..
16..
23..

1.589
1.584
[.643
1.507

1.51
1.55
1.57
1.51

1.71
1.71
1.71
1.70

2.05
2.06
2.08
2.08

Apr. 4 . . .
11...
18...
25...

2.029
2.073
2.219
2.320

2.02
2.10
2.24
2.25

2.13
2.18
2.29
2.32

2.52
2.53
2.59
2.65

June 5 . . .
12...
19...
26...

.714
.616
.633
.635

.69
.61
.63
.62

.81
.78
.75
.72

.86
1.81
1.78
1.74

Mar. 1..
8..
15..
22..
29..

1.563
1.656
1.784
1.601
1.592

1.55
1.67
1.67
1.53
1.50

1.69
1.75
1.74
1.66
1.63

2.08
2.10
2.05
1.99
1.96

May 2 . . .
9...
16...
23...
30...

2.243
2.352
2.271
2.092
2.084

2.22
2.29
2.15
2.03
2.14

2.38
2.41
2.30
2.29
2.55

2.75
2.85
2.82
2.84
2.96

July 3 . . .
10...
17...
24...
31...

.646
.671
.701
.731
.800

.65
.66
.72
.74
.78

.71
.69
.66
.63
.60

1.72
.68
1.67
1.70
1.72

Apr. 5 . .
12..
19..
26..

1.598
[.629
1.650
1.616

1.49
1.57
1.58
1.59

1.60
1.59
1.59
1.62

1.95
1.96
1.90
1.91

June 6 . . .
13...
20...
27...

2.416
2.324
2.229
1.954

2.27
2.27
2.04
1.89

2.59
2.50
2.43
2.36

3.09
2.95
2.88
2.81

Aug. 7 . . .
14...
21...
28...

.797
.892
.898
.983

.79
.91
.92
.99

.58
.63
.62
.69

.74
1.76
.74
.74

May 3 . .
10..
17..
24..
31..

1.691
1.710
1.725
1.694
1.728

1.65
1.68
1.67
1.65
1.70

1.63
1.67
1.67
1.65
1.67

1.92
1.94
1.94
1.94
1.97

July 4 . . .
11...
18...
25...

2.107
2.007
2.106
2.126

1.98
1.96
2.03
2.10

2.40
2.40
2.36
2.34

2.78
2.78
2.71
2.67

Sept. 4 . . .
11...
18...
25...

1.023
1.016
1.024
.986

1.03
1.02
1.02
.99

.80
.85
.89
.91

.75
.77
.79
.82

June 7 . .
14..
21..
28..

1.737
1.753
1.626
1.682

1.73
1.71
1.58
1.74

1.69
1.72
[.74

1.81

1.99
2.02
2.05
2.09

Aug. 1 . . .
8...
15...
22...
29...

2.157
2.136
2.116
2.101
2.001

2.11
2.07
2.08
2.06
1.98

2.30
2.35
2.37
2.34
2.29

2.70
2.72
2.79
2.80
2.78

Oct. 2 . . .
9...
16...
23...
30...

.984
.966
.966
1.009
1.007

.99
.94
.98
1.00
1.00

.97
.98
.99
1.06
1.08

.84
.83
.82
.86
.90

July

5..
12..
19..
26..

[.788
1.793
1.810
1.850

1.75
1.77
1.81
1.84

[.85
.88
.88
1.91

2.09
2.11
2.12
2.16

Sept. 5 . . .
12...
19...
26...

1.961
1.953
1.957
1.634

1.94
1.96
.83
.63

2.30
2.28
2.19
2.07

2.78
2.77
2.73
2.65

Nov. 6 . . .
13...
20...
27...

1.023
.940
.931
.897

1.00
.90
.89
.92

1.06
.96
.85
.88

.92
.92
.89
.87

Aug. 2 . .
9..
16..
23..
30..

1.877
1.860
1.903
1.841
1.899

.86
1.85
1.81
1.79
1.87

.89
1.92
1.93
1.93
1.98

2.20
2.27
2.30
2.29
2.31

Oct. 3 . . .
10...
17...
24...
31...

.583
1.397
1.438
1.372
1.220

.54
1.40
1.44
1.35
1.27

1.99
1.85
1.73
1.61
1.59

2.48
2.40
2.42
2.35
2.34

Dec. 4 . . .
11...
18...
25...

1.029
1.087
1.247
1.333

1.02
1.09
1.25
1.24

1.01
1.04
1.13
1.16

.91
.92
.94
1.96




56

7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES — Continued
B.

WEEKLY, 1941-63 — Continued
[Per cent per annum]

Rate
on new
issue

Market
yield

3-month bills

3-month bills

3-month bills
Week
ending—

9- to
12month
issues

3- to
5-year
issues

Week
ending—

Rate
on new
issue

Market
yield

9- to
12month
issues

3-to
5-year
issues

Week
ending—

1956

1955

9- to
12month
issues

3-to
5-year
issues

3.00
2.93
2.98
3.14

3.43
3.36
3.35
3.35

3.54
3.55
3.60
3.63

Rate
on new
issue

Market
yield

May 4 . . .
11...
18...
25...

3.039
2.909
2.894
3.122

1957

Jan.

1..
8..
15..
22..
29..

1.175
1.049
1.222
1.407
1.349

1.08
.09
1.28
1.32
.24

1.13
1.23
1.39
1.42
1.40

1.97
2.04
2.13
2.15
2.11

Mar. 3 . . .
10...
17...
24...
31...

2.409
2.173
2.374
2.422
2.173

2.24
2.24
2.36
2.26
2.19

2.47
2.42
2.44
2.42
2.42

2.71
2.75
2.81
2.89
2.94

Feb.

5..
12..
19..
26..

1.134
1.088
1.130
1.355

.11
.05
.16
.35

1.37
1.33
1.38
1.55

2.09
2.10
2.18
2.34

Apr. 7 . . .
14...
21...
28...

2.397
2.497
2.769
2.788

2.38
2.55
2.74
2.71

2.68
2.78
2.93
2.92

3.02
3.07
3.18
3.16

June 1 . . .
8...
15...
22...
29...

3.245
3.374
3.256
3.404
3.231

3.26
3.30
3.27
3.36
3.23

3.42
3.51
3.53
3.59
3.58

3.72
3.69
3.68
3.84
3.86

Mar. 5 . .
12..
19..
26..

1.417
1.231
1.286
1.366

.29
.23
1.26
.30

1.56
1.50
1.48
1.44

2.35
2.33
2.26
2.26

May 5 . . .
12...
19...
26...

2.741
2.524
2.708
2.702

2.61
2.55
2.67
2.65

2.91
2.88
2.87
2.75

3.10
3.11
3.08
2.97

July 6 . . .
13...
20...
27...

3.238
3.171
3.092
3.158

3.19
3.13
3.04
3.18

3.66
3.68
3.70
3.74

3.82
3.83
3.90
3.98

Apr.

2..
9..
16..
23..
30..

1.374
1.466
1.652
1.664
1.697

.37
.49
.63
.65
1.62

1.53
1.68
1.71
1.71
1.79

2.35
2.38
2.38
2.39
2.43

June 2 . . .
9...
16...
23...
30...

2.573
2.562
2.581
2.430
2.535

2.55
2.53
2.51
2.41
2.48

2.74
2.82
2.72
2.60
2.60

2.91
2.92
2.85
2.83
2.90

Aug. 3 . . .
10...
17...
24...
31...

3.363
3.308
3.498
3.354
3.497

3.34
3.29
3.40
3.32
3.47

3.79
3.83
3.98
3.96
3.99

3.91
3.91
3.97
3.91
3.87

May 7 . .
14..
21..
28..

1.627
1.440
1.427
1.471

1.55
1.42
1.41
1.44

.75
1.71
1.70
1.70

2.41
2.39
2.38
2.41

July 7 . . .
14...
21...
28...

2.409
2.387
2.237
2.303

2.33
2.33
2.26
2.32

2.56
2.54
2.55
2.74

2.85
2.90
2.96
3.09

Sept. 7 . . .
14...
21...
28...

3.571
3.575
3.633
3.534

3.54
3.55
3.58
3.48

4.00
4.00
4.01
4.06

3.86
3.91
3.94
3.98

June 4 . .
11..
18..
25..

1.434
1.390
1.514
1.420

1.37
1.41
1.47
1.37

1.74
1.71
1.71
1.68

2.40
2.40
2.38
2.43

Aug. 4 . . .
11...
18...
25...

2.378
2.399
2.603
2.818

2.29
2.40
2.64
2.82

2.85
2.92
3.00
3.10

3.19
3.26
3.37
3.43

Oct.

5...
12...
19...
26...

3.528
3.525
3.660
3.619

3.49
3.54
3.64
3.59

4.02
3.91
3.99
3.89

3.97
3.94
4.04
3.99

July

2..
9..
16..
23..
30..

1.401
1.541
1.606
1.620
1.720

1.43
.51
.57
.61
1.71

1.71
.88
.87
1.85
[.92

2.48
2.48
2.49
2.55
2.64

Sept. 1 . . .
8...
15...
22...
29...

2.832
2.736
2.770
2.908
2.985

2.72
2.68
2.79
2.91
2.94

3.10
3.14
3.19
3.16
3.18

3.46
3.49
3.48
3.36
3.39

Nov. 2 . . .
9...
16...
23...
30...

3.622
3.571
3.473
3.145
3.158

3.59
3.50
3.38
3.12
3.14

3.90
3.77
3.54
3.34
3.38

4.01
3.91
3.80
3.43
3.32

Aug.

6..
13..
20..
27..

1.850
1.889
1.888
1.875

.88
.87
.84
1.90

2.12
2.12
2.07
2.11

2.75
2.70
2.69
2.72

Oct.

6...
13...
20...
27...

2.899
3.013
3.024
2.907

2.87
2.96
2.94
2.86

3.11
3.10
3.06
3.02

3.25
3.25
3.23
3.34

Dec. 7 . . .
14...
21...
28...

3.105
2.991
3.140
3.174

3.07
3.01
3.12
3.10

3.33
3.12
3.01
2.96

3.18
3.09
3.00
2.96

Sept. 3 . .
10..
17..
24..

2.088
2.134
2.104
1.981

2.08
2.10
2.06
1.99

2.22
2.16
2.10
2.13

2.80
2.77
2.76
2.70

Nov. 3 . . .
10...
17...
24...

2.889
2.914
2.979
3.043

2.85
2.91
2.98
3.04

3.09
3.09
3.10
3.16

3.45
3.45
3.42
3.45

Oct.

1..
8..
15..
22..
29..

2.122
2.214
2.257
2.333
2.231

2.11
2.21
2.26
2.25
2.21

2.15
2.20
2.21
2.20
2.17

2.61
2.57
2.56
2.60
2.60

Dec.

3.174
3.102
3.268
3.331
3.217

3.08
3.12
3.24
3.27
3.20

3.23
3.26
3.30
3.37
3.40

3.60
3.67
3.68
3.66
3.57

Nov. 5 . .
12..
19..
26..

2.179
2.034
2.248
2.440

2.06
2.07
2.29
2.41

2.11
2.14
2.28
2.43

2.57
2.61
2.73
2.79

Dec.

2.450
2.471
2.591
2.618
2.688

2.41
2.48
2.54
2.63
2.58

2.44
2.47
2.51
2.62
2.73

2.80
2.81
2.83
2.84
2.87

5...
12...
19...
26...

3.262
3.197
3.223
3.085

3.14
3.08
3.09
3.10

3.38
3.23
3.14
3.09

Feb. 2 . . .
9...
16...
23...

3.283
3.132
3.057
3.182

3.16
3.05
3.01
3.15

3..
10..
17..
24..
31..

1956

1...
8...
15...
22...
29...

1958
Jan.

4...
11...
18...
25...

2.752
2.858
2.591
2.587

2.77
2.75
2.57
2.37

2.84
2.73
2.59
2.52

2.84
2.79
2.74
2.77

Feb.

1...
8...
15...
22...

2.202
1.583
1.730
1.731

1.92
1.65
1.69
1.62

2.29
2.09
2.05
1.93

2.78
2.78
2.72
2.67

3.63
3.47
3.33
3.31

Mar. 1 . . .
8...
15...
22...
29...

1.202
1.351
1.532
1.343
1.189

1.22
1.39
1.39
1.33
1.11

1.69
1.76
1.77
1.85
1.73

2.54
2.53
2.53
2.50
2.45

3.11
3.15
3.24
3.29

3.34
3.27
3.29
3.36

Apr. 5 . . .
12...
19...
26...

.148
.074
.225
.055

1.08
1.10
1.13
1.13

1.54
1.29
1.31
1.32

2.44
2.40
2.32
2.22

1957
Jan.

Jan.

7..
14..
21..
28..

2.489
2.596
2.493
2.245

2.51
2.53
2.39
2.28

2.69
2.58
2.41
2.39

2.87
2.81
2.68
2.66

Mar. 2 . . .
9...
16...
23...
30...

3.288
3.246
3.238
3.041
3.034

3.25
3.18
3.15
3.00
2.97

3.29
3.33
3.38
3.35
3.35

3.38
3.29
3.37
3.39
3.38

May 3 . . .
10...
17...
24...
31...

.367
.187
.112
.931
.635

1.23
1.11
1.02
.74
.58

1.39
1.33
1.26
1.13
1.01

2.30
2.29
2.26
2.23
2.20

Feb.

4..
11..
18..
25..

2.402
2.271
2.388
2.429

2.29
2.26
2.36
:L40

2.40
2.34
2.34
:2.41

2.65
2.63
2.63
2.67

Apr. 6 . . .
13...
20...
27...

3.050
3.154
3.194
3.054

3.03
3.13
3.11
3.02

3.36
3.41
3.44
3.44

3.42
3.46
3.49
3.51

June 7 . . .
14...
21...
28...

.723
.841
.953
1 .006

.71
.83
.92
.90

.91
.91
.97
1.10

2.14
2.17
2.28
2.39




57

7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES — Continued
B.

3-month bills
Week
ending—

Rate
on new
issue

Market
yield

6-month bills
Rate
on new
issue

Market
yield

WEEKLY, 1941-63 — Continued
[Per cent per annum]

9- to 12-month
issues
Bills
(market
yield)

Other 2

3-month bills
3- to
5-year
issues

Week
ending—

1958

6-month bills

9- to 12-month
issues

3-to
5-year
issues

Rate
on new
issue

Market
yield

Rate
on new
issue

Market
yield

Bills
(market
yield)

Other 2

3.889
3.979
4.166
3.958

3.95
4.02
4.13
3.98

4.468
4.473
4.796
4.766

4.48
4.55
4.82
4.77

4.64
4.72
4.95
4.83

4.69
4.73
4.91
4.78

4.71
4.73
4.86
4.79

4.194
4.007
4.262
4.099
4.022

4.10
4.02
4.24
3.99
4.00

4.895
4.678
4.666
4.490
4.499

4.80
4.59
4.65
4.45
4.37

4.95
4 69
4.82
4 66
4.54

4.88
4.75
4.77
4.53
4.47

4.82
4.76
4.72
4.58
4.65

4.137
4.089
4.332
4.279

4.03
4.04
4.20
4.24

4.437
4.534
4.744
4.625

4.42
4.50
4.57
4.62

4.42
4 43
4.55
4.66

4.62
4.62
4.73
4.80

4.70
4.71
4.75
4.78

4.501
4.638
4.535
4.670

4.50
4.48
4.49
4.57

4.891
4.969
4.834
4.940

4.86
4.81
4.77
4.90

4.98
4 97
4.96
5 01

4.93
4.99
4.98
5.00

4.90
4.92
4.95
5.00

4.516
4.602
4.590
4.436
4.116

4.40
4.59
4.53
4.27
4.01

4.942
5.099
4.989
4.665
4.608

4.91
5.07
4.81
4.60
4.49

5.02
5.15
4.96
4 92
4.76

5.00
5.11
5.00
4.87
4.75

4.99
4.97
4.91
4.81
4.80

4.039
3.563
4.045
4.168

3.94
3.67
4.04
4.14

4.501
4.094
4.294
4.396

4.42
4.08
4.30
4.34

4.56
4.41
4.41
4.39

4.61
4.41
4.63
4.63

4.69
4.61
4.64
4.70

4.278
3.641
3.451
3.033

3.92
3.60
3.41
2.84

4.458
4.024
3.619
3.176

4.27
3.87
3.57
3.17

4.31
3.97
3.56
3 27

4.55
4.14
3.84
3.47

4.58
4.35
4.17
4.02

2.792
2.731
3.622
3.306
3.317

2.88
2.96
3.56
3.34
3.19

3.187
2.927
3.854
3.705
3.705

3.21
3.18
3.86
3.73
3.58

3.32
3 30
3.91
4 17
4.08

3.69
3.57
4.23
4.17
4.14

4.11
4.06
4.25
4.32
4.34

3.003
3.274
3.793
3.497

3.08
3.32
3.50
3.29

3.349
3.521
4.000
3.867

3.41
3.55
3.77
3.64

4.01
4.05
4.09
3.75

4.11
4.08
4.34
4.26

4.37
4.35
4.51
4.48

3.184
2.716
2.292
2.613

2.94
2.61
2.31
2.39

3.495
2.871
2.497
2.877

3.18
2.80
2.52
2.76

3.56
3 23
2.90
3.04

3.87
3.47
3.15
3.29

4.24
4.12
3.99
4.01

2.399
2.307
2.567
2.307
2.404

2.18
2.27
2.41
2.31
2.24

2.806
2.805
3.175
2.625
2.701

2.64
2.85
2.87
2.62
2.56

2.95
3.03
3.07
3 12
2.92

3.20
3.23
3.18
3.12
3.00

3.99
3.87
3.76
3.67
3.54

2.131
2.215
2.278
2.518

2.13
2.18
2.31
2.43

2.409
2.458
2.621
2.806

2.39
2.48
2.66
2.70

2.81
2.79
2.83
2.81

2.86
2.84
2.93
2.90

3.49
3.52
3.52
3.47

1959

July 5 . . . .
12....
19....
26....

.768
.934
1.137
.988

.79
.95
.94
.88

1.13
1.25
1.44
1.36

2.45
2.51
2.57
2.50

Sept 5

Aug. 2 . . . .
9
16....
23
30....

.984
1.165
1.524
1.895
2.162

.94
1.20
1.58
1.91
2.23

1.49
1.68
1.97
2.39
2.62

2.65
2 86
3.03
3.19
3.44

Oct 3
10

Sep.. 6 . . . .
20....
27....

2.462
2.359
2.605
2.511

2.32
2.37
2.45
2.48

2.76
2.81
2.83
2.85

3.56
3 56
3.55
3.56

Nov 7
14..

Oct. 4 . . . .
11
18....
25

2.920
2.668
2.927
2.804

2.70
2.64
2.67
2.69

3.04
2.98
2.76
2.74

3.72
3 58
3.52
3 67

Dec 5
12

Nov. 1 . . . .
8
15....
22....
29....

2.647
2.649
2.774
2.876
2.723

2.53
2.49
2.71
2.73
2.72

2.67
2.87
2.90
2.94
2.96

3.66
3 62
3.59
3.60
3.58

Jan

Dec. 6 . . . .
13....
20....
27....

2.806
2.805
2.904
2.739

2.79
2.82
2.82
2.71

3.081
3.095
3.017

3.04
2.96

3.30
3.30
3.27
3.18

3.63
3.61
3.65
3.68

Feb 6 . . .

Jan. 3 . . . .
10....
17....
24
31....

2.690
2.678
2.808
3.035
2.975

2.67
2.72
2.86
2.97
2.77

2.920
2.959
3.034
3.233
3.337

2.92
2.98
3.05
3.23
3.14

3.04
3.00
3.27
3.47
3.38

3.70
3.73
3.87
3 95
3.92

Feb. 7
14....
21
28....

2.721
2.810
2.726
2.589

2.70
2.72
2.63
2.76

3.107
3.326
3.253
2.978

3.12
3.20
3.07
3.13

3.44
3.40
3.33
3.34

3.94
3.92
3.77
3.77

Mar. 7 . . . .
14....
21....
28

2.816
3.062
2.763
2.766

2.84
2.85
2.77
2.76

3.111
3.375
3.058
3.093

3.14
3.15
3.09
3.11

3.51
3.63
3.59
3.53

3.78
3.88
3.89
3.94

May 7

Apr. 4
11
18....
25....

2.841
2.948
3.075
3.105

2.84
2.96
3.09
2.98

3.236
3.249
3.351
3.361

3.20
3.25
3.36
3.33

3.50
3.52
3.70
3.78

3.96
3.99
4.04
4.09

June 4
11

May 2 . . . .
9....
16
23
30....

2.831
2.935
2.722
2.869
2.878

2.81
2.83
2.76
2.85
2.92

3.189
3.316
3.408
3.376
3.373

3.17
3.29
3.35
3.32
3.36

3.80
3.86
3.93
3.97
3.93

4.08
4.10
4.18
4.17
4.18

July 2

June 6
13....
20....
27....

3.149
3.283
3.276
3.281

3.15
3.27
3.24
3.22

3.489
3.565
3.486
3.585

3.47
3.51
3.47
3.59

3.99
3.97
3.88
3.98

4.28
4.31
4.33
4.36

July 4 . . . .
11
18....
25....

3.164
3.266
3.401
3.337

3.16
3.28
3.37
3.15

3.703
3.964
4.029
3.869

3.68
3.89
3.90
3.81

4.35

4.13
4.38
4.33
4.32

4.40
4.42
4.38
4.41

Sept. 3
10
17
24

2.550
2.520
2.654
2.434

2.53
2.56
2.58
2.43

2.825
2.802
2.916
2.743

2.82
2.83
2.87
2.80

2.87
2.87
2.89
2.82

2.93
2.98
3.03
2.98

3.51
3.51
3.53
3.47

Aug. 1
8....
15....
22....
29....

3.047
3.043
3.150
3.417
3.824

3.01
3.00
3.17
3.50
3.73

3.860
3.737
3.690
3.782
4.152

3.76
3.68
3.66
3.84
4.18

4.23
4.19
4.19
4.34
4.44

4.25
4.14
4.14
4.34
4.59

4.40
4.37
4.31
4.44
4.63

Oct. 1
8
15
22
29

2.286
2.473
2.698
2.406
2.129

2.35
2.40
2.54
2.23
2.11

2.729
2.925
3.079
2.806
2.569

2.82
2.88
2.88
2.71
2.53

2.87
2.92
2.95
2.99
2.85

2.99
3.05
3.07
3.02
2.93

3.50
3.60
3.65
3.62
3.57

12

19..
26

17

24
31

21

28

19

26
1960

23
30
13

20.. .
27

1959

Mar. 5
12
19

26
Apr 2
9
16

23
30
14
21

28

18

25...
9

16
23
30
Aug

For notes see p. 60.




2
9
16

58

-i3:::::
20
27

7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES — Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]

3-month bills

6-month bills
Mar-

yield

Rate
on new
issue

2.127
2.390
2.624
2.396

2.20
2.40
2.46
2.38

2.326
2.328
2.334
2.222
2.148

Rate
on new
issue

Mar-

9- to 12-month
issues

3-month bills

3-to
5-year
issues

yield

Bills
(market
yield)

2.50
2.59
2.75
2.71

2.82
2.85
2.91
2.87

2.84
2.86
3.08
3.08

3.59
3.63
3.69
3.72

2.35
2.28
2.25
2.24
2.18

2.640
2.663
2.621
2.392
2.333

2.70
2.62
2.50
2.42
2.38

2.86
2.77
2.63
2.56
2.50

3.05
2.93
2.76
2.74
2.61

3.75
3.59
3.49
3.46
3.40

2.234
2.385
2.358
2.230

2.28
2.28
2.25
2.17

2.429
2.602
2.530
2.422

2.48
2.51
2.46
2.42

2.56
2.57
2.71
2.66

2.67
2.72
2.74
2.65

3.39
3.52
3.59
3.57

2.299
2.374
2.462
2.496

2.29
2.35
2.40
2.51

2.497
2.566
2.652
2.688

2.49
2.55
2.59
2.68

2.68
2.71
2.73
2.83

2.72
2.76
2.87
2.93

3.57
3.56
3.56
3.48

2.594
2.485
2.352
2.278

2.56
2.44
2.35
2.28

2.779
2.674
2.455
2.471

2.75
2.56
2.47
2.45

2.86
2.76
2.71
2.71

2.99
2.91
2.82
2.78

3.49
3.36
3.44
3.45

2.392
2.470
2.360
2.292
2.186

2.38
2.36
2.31
2.25
2.23

2.576
2.658
2.556
2.458
2.300

2.54
2.58
2.52
2.41
2.35

2.78
2.75
2.68
2.77
2.76

2.86
2.92
2.82
2.79
2.81

3.43
3.45
3.40
3.38
3.32

2.300
2.232
2.264
2.354

2.22
2.23
2.29
2.39

2.417
2.423
2.435
2.470

2.38
2.40
2.43
2.53

2.69
2.66
2.70
2.80

2.76
2.75
2.82
2.91

3.23
3.15
3.24
3.43

2.438
2.516
2.295
2.325

2.38
2.40
2.32
2.31

2.593
2.727
2.492
2.519

2.60
2.64
2.50
2.50

2.82
2.83
2.78
2.78

2.98
3.02
3.01
3.02

3.56
3.69
3.67
3.74

2.219
2.305
2.322
2.200
2.244

2.27
2.31
2.25
2.19
2.22

2.399
2.486
2.512
2.385
2.446

2.45
2.49
2.46
2.39
2.46

2.77
2.80
2.72
2.81
2.83

3.01
2.98
2.88
2.82
2.84

3.71
3.69
3.72
3.66
3.68

2.300
2.366
2.519
2.503

2.28
2.38
2.50
2.43

2.557
2.617
2.765
2.793

2.51
2.64
2.78
2.71

2.85
2.93
2.95
2.89

2.85
3.02
3.11
3.09

3.74
3.86
3.83
3.77

2.321
2.392
2.328
2.262
2.233

2.34
2.32
2.29
2.26
2.25

2.617
2.692
2.685
2.681
2.697

2.65
2.67
2.68
2.69
2.69

2.90
2.89
2.88
2.87
2.87

3.06
3.06
3.05
3.03
2.98

3.77
3.81
3.80
3.76
3.70

2.302
2.389
2.382
2.325

2.28
2.34
2.29
2.29

2.683
2.684
2.734
2.708

2.64
2.67
2.68
2.67

2.83
2.84
2.97
2.94

2.91
2.96
3.02
2.97

3.65
3.67
3.66
3.62

2.280
2.349
2.516
2.537

2.28
2.40
2.53
2.54

2.613
2.554
2.721
2.734

2.58
2.61
2.74
2.73

2.88
2.87
2.93
2.91

2.91
2.89
2.96
2.99

3.61
3.63
3.70
3.69

2.606
2.625
2.579
2.670
2.594

2.56
2.58
2.59
2.61
2.66

2.806
2.867
2.874
2.915
2.845

2.78
2.88
2.89
2.86
2.90

2.91
2.97
2.97
2.95
3.02

2.98
3.03
3.02
3.04
3.04

3.73
3.82
3.84
3.81
3.81

Rate
on new
issue

Mar-

Jan. 6 . .
13..
20..
27..

Other 2

2.453
2.572
2.825
2.749

Week
ending—

ket

ket

6-month bills
Mar-

yield

Rate
on new
issue

2.703
2.823
2.770
2.688

2.72
2.78
2.73
2.67

Feb. 3 . .
10..
17..
24..

2.705
2.695
2.759
2.849

Mar. 3 . .
10..
17..
24..
31..

9- to 12-month
issues

3-to
5-year

yield

Bills
(market
yield)

Other 2

2.941
3.073
2.970
2.875

2.96
3.02
2.90
2.89

3.06
3.12
3.27
3.25

3.07
3.13
3.09
3.04

3.79
3.83
3.87
3.85

2.69
2.70
2.81
2.74

2.939
2.898
2.952
3.031

2.92
2.92
3.00
2.93

3.26
3.24
3.26
3.18

3.04
3.06
3.14
3.20

3.88
3.83
3.78
3.73

2.664
2.721
2.804
2.689
2.719

2.69
2.74
2.74
2.70
2.73

2.847
2.883
2.972
2.854
2.857

2.87
2.88
2.91
2.84
2.86

3.10
3.05
3.02
2.93
2.90

3.09
3.04
3.02
2.96
2.93

3.62
3.60
3.61
3.49
3.50

Apr. 7. .
14..
21..
28..

2.757
2.720
2.723
2.740

2.72
2.74
2.72
2.73

2.875
2.814
2.825
2.837

2.82
2.84
2.82
2.83

2.86
2.86
2.95
2.95

2.88
2.94
2.96
2.98

3.43
3.47
3.48
3.52

May 5 . .
12..
19..
26..

2.748
2.720
2.646
2.700

2.74
2.67
2.67
2.69

2.845
2.816
2.744
2.795

2.83
2.77
2.77
2.77

2.94
2.90
2.91
2.92

2.97
2.91
2.99
3.04

3.52
3.47
3.55
3.57

June 2 . .
9..
16..
23..
30..

2.656
2.691
2.671
2.721
2.792

2.68
2.65
2.69
2.73
2.84

2.743
2.787
2.758
2.800
2.872

2.76
2.74
2.76
2.80
2.90

2.88
2.86
2.86
2.88
2.97

3.00
2.97
2.97
3.03
3.12

3.53
3.50
3.46
3.50
3.60

July 7 . .
14..
21..
28..

2.930
2.974
2.983
2.892

2.92
2.97
2.95
2.88

3.008
3.096
3.133
3.103

3.00
3.09
3.13
3.09

3.06
3.12
3.26
3.22

3.18
3.22
3.27
3.25

3.66
3.71
3.73
3.71

Aug

ket

ket

1962

18..
25..
Sept. 1. .
8..
15..
22..
29..

2.874
2.802
2.867
2.837

2.85
2.83
2.84
2.82

3.075
2.990
3.060
2.984

3.03
3.03
3.00
2.96

3.19
3.19
3.11
3.04

3.22
3.19
3.15
3.08

3.68
3.64
3.58
3.51

2.806
2.834
2.789
2.796
2.749

2.80
2.82
2.78
2.77
2.75

2.916
2.977
2.911
2.962
2.938

2.93
2.95
2.93
2.93
2.90

3.02
3.04
3.00
2.98
2.93

3.06
3.08
3.01
2.97
2.95

3.52
3.56
3.59
3.57
3.51

Oct. 6 . .
13..
20..
27..

2.752
2.760
2.749
2.742

2.75
2.76
2.74
2.74

2.902
2.864
2.843
2.828

2.89
2.86
2.84
2.83

2.90
2.87
2.92
2.91

2.92
2.91
2.88
2.89

3.44
3.46
3.46
3.48

Nov. 3 . .
10..
17...
24...

2.686
2.841
2.801
2.833

2.74
2.82
2.82
2.84

2.774
2.927
2.846
2.892

2.82
2.87
2.86
2.90

2.90
2.92
2.94
2.95

2.87
2.89
2.91
2.94

3.45
3.43
3.46
3.49

Dec. 1 . . .
8...
15...
22...
29...

2.853
2.861
2.807
2.861
2.894

2.86
2.85
2.84
2.88
2.89

2.936
2.945
2.861
2.901
2.924

2.94
2.91
2.88
2.90
2.93

2.97
2.94
2.93
2.94
2.95

2.95
2.97
2.94
2.94
2.96

3.48
3.48
3.44
3.41
3.41

Jan. 5 . . .
12...
19...
26...

2.926
2.920
2.884
2.923

2.89
2.90
2.90
2.93

2.966
2.966
2.932
2.976

2.94
2.95
2.95
2.99

2.95
2.96
3.00
3.03

2.99
2.99
2.96
2.97

3.44
3.45
3.44
3.50

Feb. 2 . . .
9...
16...
23...

2.917
2.946
2.944
2.905

2.93
2.95
2.93
2.90

2.972
2.995
2.995
2.969

2.99
3.00
2.99
2.96

3.02
3.02
3.01
2.99

2.95
2.89
2.87
2.88

3.50
3.47
3.46
3.46

1963

For notes see p. 60.




if::

59

7. YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES—Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]

3-month bills

Week
ending—

6-month bills

9- to 12-month
issues

3-month bills

Week
ending—

3- to
5-year
issues

6-month bills

9- to 12-month
issues

Market
yield

Rate
on new
issue

Market
yield

Aug. 3
-10
17
24
31

3.263
3.253
3.335
3.355
3.396

3.24
3.26
3.32
3.36
3.39

3.398
3.389
3.441
3.462
3.494

3.38
3.39
3.43
3.47
3.49

3.46
3.48
3.50
3.52
3.54

3.30
3.28
3.36
3.51
3.54

3.77
3.77
3.80
3.83
3.85

3.53
3.54
3.59
3.59

**-il

3.384
3.343
3.409
3.379

3.36
3.36
3.41
3.38

3.487
3.460
3.522
3.507

3.47
3.48
3.51
3.51

3.56
3.57
3.58
3.56

3.54
3.54
3.54
3.53

3.88
3.88
3.89
3.88

3.00
3.00
3.03
3.10

3.56
3.54
3.55
3.59

Oct. 5
12
19
26

3.408
3.459
3.458
3.488

3.41'
3.45
3.47
3.44

3.515
3.569
3.568
3.628

3.53
3.56
3.59
3.60

3.59
3.60
3.61
3.62

3.57
3.56
3.58
3.62

3.88
3.90
3.91
3.93

Market
yield

Rate
on new
issue

Market
yield

Mar. 2
9
16
23
30

2.870
2.897
2.870
2.902
2.919

2.90
2.89
2.88
2.90
2.91

2.922
2.938
2.931
2.955
2.977

2.94
2.93
2.94
2.96
2.98

2.98
2.97
2.95
2.97
2.99

2.93
2.99
2.97
2.99
3.01

3.50
3.49
3.49
3.51
3.53

Apr. 6
13
20
27

2.922
2.913
2.917
2.884

2.91
2.90
2.90
2.89

2.982
2.978
3.010
2.982

2.98
2.98
3.00
2.98

2.99
3.00
3.07
3.05

3.02
3.01
3.04
3.00

May 4
11
18
25

2.898
2.905
2.903
2.922

2.90
2.91
2.90
2.94

2.988
2.993
2.990
3.005

2.99
2.99
2.99
3.02

3.05
3.04
3.04
3.06

Bills
(market Other 2
yield)

Bills
(market Other 2
yield)

3-to
5-year
issues

Rate
on new
issue

Rate
on new
issue

1963

1963

..

21
28

'..

June

1
8
15
22
29

2.974
3.028
2.975
2.997
2.979

2.98
3.00
2.98
2.98
2.99

3.055
3.098
3.063
3.081
3.070

3.06
3.08
3.07
3.08
3.07

3.09
3.12
3.11
3.11
3.11

3.17
3.21
3.18
3.15
3.14

3.64
3.68
3.66
3.68
3.67

Nov. 2
9
16
23
30

3.452
3.517
3.565
3.524
3.480

3.47
3.54
3.55
3.51
3.48

3.586
3.621
3.678
3.660
3.631

3.59
3.64
3.68
3.65
3.63

3.60
3.68
3.69
3.67
3.66

3.61
3.66
3.68
3.75
3.74

3.94
3.98
3.97
3.98
3.97

July

6
13.
20
27

3.011
3.164
3.192
3.206

3.03
3.22
3.19
3.19

3.093
3.272
3.355
3.369

3.12
3.34
3.36
3.36

3.16
3.39
3.48
3.47

3.20
3.35
3.40
3.35

3.72
3.80
3.80
3.79

Dec. 7
14
21
28

3.531
3.500
3.538
3.522

3.52
3.50
3.53
3.52

3.670
3.662
3.679
3.657

3.68
3.66
3.67
3.64

3.69
3.68
3.69
3.69

3.76
3.78
3.77
3.77

3.99
4.02
4.06
4.07

1 Tax exempt before March 1941.
Certificates of indebtedness and selected note and bond issues.
Negative yield.

2
3




60

8. BANK RATES ON SHORT-TERM BUSINESS LOANS
A. PRIME RATE, 1929-63
[Per cent per annum]
In effect during—

Rate

Effective date

Effective date

Rate

Rate

Rate

Effective date

1929

5^-6

1947_Dec.i

1%

1953—Apr. 27

3%

1957—Aug. 6

4%

1930
1931. .
1932
1933

3^-6
2^-5
3^-4
li/2-4

1948—Aug. i

2

1954—Mar. 17

3

4

1950—Sept. 22

VA

1951—Jan. 8
Oct. 17
Dec. 19

l

1955—Aug. 4
Oct. 14

W4
3Vi
3%

1958—Jan. 22
Apr. 21
Sept. 11
1959—May 18
Sept. 1

Rate

Effective date

4%

19341947 (Nov.)
1

2A

i*

1956—Apr. 13
Aug. 21

I960—Aug. 23

4V4

l»

Date of change not available.

B. AVERAGE RATES ON BUSINESS LOANS, 1939-63
[Weighted averages based on new loans and renewals for first 15 days of month; per cent per annum]
19 large cities

Year

Size of loan
(thousands of dollars)

All
loans
1-10

10-100

100200

200 and
over

Size of loan
(thousands of dollars)

All
loans
1-10

10-100

100200

11 southern and western cities

7 northern and eastern cities

New York City

200 and
over

Size of loan
(thousands of dollars)

All
loans
1-10

10-100

100200

200 and
over

Size of loan
(thousands of dollars)

All
loans
1-10

10-100

100200

200 and
over

1939

2 1

44

3 1

2 1

1 8

1 8

20

25

1940
1941
1942 .
1943
1944

2.1
20
2.2
2.6
2.4

4.3
43
4.4
4.4
4.3

3.0
30
3.2
3.4
3.3

2.0
19
2.2
2.5
2.6

1.8
1 8
2.0
2.4
2.2

1.8
1 8
2.0
2.2
2.1

2.0
19
23
2.9
2.7

2.5
25
2.6
2.8
2.8

1945
1946
1947 .
1948
1949

2.2
2 1
2.1
2.5
2.68

4.3
42
4.2
4.4
4.60

3.2
3 1
3.1
3.5
3.65

2.3
22
2.5
2.8
2.97

2.0
1 7
1.8
2.2
2.38

2.0
18
1.8
2.2
2.37

4.20

3.40

2.73

2.19

2.5
21
22
2.6
2.71

4.66

3.65

2.95

2.48

2.5
25
26
2.9
3.10

4.75

3.79

3.15

2.64

1950
1951
1952
1953
1954

2.69
3.11
3.49
3.69
3.61

4.52
4.73
4.89
4.97
4.97

3.64
3.96
4.20
4.36
4.33

2.98
3.36
3.72
3.89
3.87

2.40
2.85
3.27
3.49
3.38

2.37
2.83
3.28
3.47
3.36

4.00
4.32
4.53
4.66
4.75

3.34
3.74
4.03
4.22
4.22

2.72
3.16
3.57
3.72
3.66

2.20
2.69
3.15
3.34
3.21

2.68
3.09
3.47
3.68
3.62

4.61
4.76
4.88
5.04
5.04

3.63
3.94
4.19
4.37
4.33

2.95
3.30
3.71
3.87
3.91

2.44
2.87
3.27
3.50
3.42

3.19
3.52
3.84
4.04
3.97

4.71
4.90
5.04
5.07
5.04

3.82
4.11
4.31
4.42
4.40

3.17
3.53
3.85
4.02
3.98

2.78
3.15
3.54
3.78
3.68

1955
1956
1957
1958
1959

3.70
4.20
4.62
4.34
5.00

4.96
5.21
5.52
5.49
5.78

4.39
4.75
5.12
4.99
5.45

3.95
4.41
4.81
4.58
5.19

3.49
4.03
4.46
4.14
4.86

3.47
4.04
4.47
4.12
4.84

4.78
5.09
5.39
5.29
5.62

4.30
4.71
5.06
4.86
5.35

3.79
4.33
4.71
4.38
5.08

3.33
3.92
4.36
3.99
4.75

3.70
4.22
4.63
4.34
5.01

5.03
5.29
5.54
5.52
5.76

4.39
4.78
5.12
4.97
5.46

3.94
4.40
4.81
4.55
5.17

3.52
4.08
4.50
4.18
4.90

4.03
4.42
4.83
4.67
5.23

5.01
5.24
5.57
5.56
5.85

4.43
4.76
5.14
5.07
5.51

4.06
4.46
4.86
4.72
5.29

3.75
4.19
4.62
4.41
5.04

I960
1961
1962
1963

5.16
4.97
5.00
5.01

5.96
5.87
5.88
5.87

5.66
5.53
5.54
5.54

5.36
5.20
5.24
5.22

5.01
4.80
4.83
4.84

4.97
4.76
4.78
4.79

5.77
5 65
5.63
5.63

5.54
5 38
5.35
5.36

5.21
5.05
5.10
5.05

4.87
4.64
4.67
4.69

5.15
4.98
5.01
5.01

5.91
5.84
5.85
5.85

5.63
5.50
5.53
5.55

5.35
5.19
5.20
5.23

5.03
4.85
4.87
4.87

5.45
5.28
5.32
5.30

6.07
5.98
6.00
5.98

5.75
5.63
5.66
5.65

5.47
5.30
5.36
5.33

5.26
5.06
5.09
5.09




8.

BANK RATES ON SHORT-TERM BUSINESS LOANS — Continued

B. AVERAGE RATES ON BUSINESS LOANS 1939-63 — Continued
[Weighted averages based on new loans and renewals for first 15 days of month; per cent per annum]
19 large cities

First half
of month

Size of loan
(thousands of dollars)

All
loans

Size of loan
(thousands of dollars)

All
loans

1-10

10-100

100200

200 and

11 southern and western cities

7 northern and eastern cities

New York City

Size of loan
(thousands of dollars)

All
loans

1-10

10-100

100200

1-10

200 and

Size of loan
(thousands of dollars)

All
loans

10-100

100200

200 and

1-10

10-100

100200

200 and

1939—Mar.
June,
Sept.
Dec.

2.1
2.1
2.1
2.1

4.4
4.4
4.4
4.3

3.2
3.1
3.1
3.0

2.1
2.2
2.1
2.0

1.8
1.8
1.8
1.8

1940_Mar.
June
Sept.
Dec.

2.0
1.9
2.1
2.2

4.2
4.2
4.3
4.3

3.0
3.0
3.0
3.1

1.9
2.1
2.0
1.8

1.8
1.6
1.9
1.9

1941—Mar.
June
Sept.
Dec.

2.1
2.1
1.9
2.0

4.3
4.3
4.2
4.3

3.0
3.0
3.0
3.1

1.9
1.8
2.0
2.0

1.8
1.9
1.6
1.7

1942—Mar.
June
Sept.
Dec.

2.0
2.1
2.4
2.4

4.3
4.4
4.4
4.4

3.0
3.2
3.2
3.3

2.0
2.1
2.2
2.4

1.7
1.8
2.2
2.1

1943—Mar.
June
Sept.
Dec.

2.7
2.9
2.4
2.5

4.3
4.3
4.4
4.4

3.3
3.4
3.3
3.4

2.3
2.8
2.4
2.6

2.5
2.8
2.1
2.3

1944_Mar.
June
Sept.
Dec.

2.5
2.5
2.5
2.3

4.4
4.2
4.4
4.3

3.4
3.4
3.3
3.1

2.7
2.5
2.6
2.5

2.2
2.3
2.3
2.0

1945—Mar.
June
Sept.
Dec.

2.3
2.3
2.3
2.0

4.4
4.4
4.2
4.2

3.3
3.3
3.1
3.0

2.6
2.3
2.3
2.0

2.0
2.0
2.1
1.7

1946—Mar.
June
Sept.
Dec.

2.1
2.0
2.0
2.1

4.1
4.2
4.0
4.4

3.1
3.1
3.1
3.2

2.3
2.2
2.1
2.1

1.7
1.7
1.7
1.8

1947—Mar.
June
Sept.
Dec.

2.1
2.1
2.1
2.1

4.3
4.1
4.1
4.1

3.1
3.1
3.1
3.2

2.5
2.6
2.4
2.5

1.8
1.8
1.8

1948—Mar.
June
Sept.
Dec.

2.4
2.47
2.60
2.64

4.2
4.49
4.53
4.50

3.3
3.47
3.58
3.58

2.5
2.70
2.92
2.97

2.1
2.16
2.29
2.34

2.12
2.32
2.34

4.35
4.40
4.23

3.19
3.35
3.40

2.43
2.68
2.70

1.94
2.13
2.16

2.49
2.60
2.68

4.42
4.55
4.51

3.40
3.58
3.60

2.67
2.91
2.97

2.27
2.34
2.44

2.92
3.01
3.02

4.60
4.57
4.62

3.68
3.71
3.68

2.91
3.07
3.14

2.45
2.56
2.57

1949—Mar.
June
 Sept.
Dec.

2.70
2.74
2.63
2.65

4.62
4.63
4.62
4.53

3.64
3.70
3.64
3.61

2.89
3.04
2.98
2.98

2.42
2.44
2.31
2.35

2.42
2.35
2.32
2.38

4.22
4.22
4.23
4.14

3.42
3.43
3.41
3.35

2.66
2.78
2.74
2.73

2.25
2.17
2.13
2.21

2.68
2.86
2.64
2.67

4.63
4.67
4.71
4.63

3.66
3.64
3.63
3.65

2.89
2.98
2.93
3.00

2.44
2.66
2.39
2.41

3.12
3.17
3.07
3.03

4.79
4.80
4.74
4.66

3.75
3.89
3.79
3.74

3.04
3.26
3.18
3.12

2.71
2.69
2.58
2.56

ON



1950—Mar..
June.
Sept..
Dec.

2.60
2.68
2.63
2.84

4.45
4.50
4.51
4.60

3.54
3.65
3.63
3.73

2.94
2.94
2.95
3.10

2.31
2.39
2.34
2.57

2.29
2.34
2.32
2.51

3.85
3.94
4.06
4.17

3.22
3.35
3.33
3.44

2.64
2.73
2.72
2.80

2.13
2.16
2.15
2.35

2.55
2.67
2.63
2.87

4.64
4.58
4.56
4.64

3.60
3.62
3.59
3.70

2.91
2.82
2.87
3.18

2.28
2.45
2.39
2.65

3.12
3.22
3.13
3.28

4.64
4.70
4.71
4.78

3.71
3.83
3.83
3.91

3.15
3.17
3.15
3.21

2.74
2.82
2.67
2.90

1951—Mar..
June.
Sept..
Dec.

3.02
3.07
3.06
3.27

4.68
4.73
4.74
4.78

3.88
3.93
3.99
4.05

3.27
3.32
3.36
3.49

2.76
2.81
2.78
3.03

2.74
2.78
2.79
3.01

4.20
4.37
4.35
4.37

3.68
3.66
3.72
3.91

3.06
3.06
3.18
3.34

2.59
2.64
2.64
2.87

3.02
3.04
3.06
3.23

4.74
4.68
4.81
4.81

3.86
3.90
3.97
4.04

3.23
3.28
3.24
3.46

2.81
2.83
2.82
3.03

3.42
3.52
3.47
3.67

4.87
4.90
4.89
4.95

4.01
4.10
4.17
4.15

3.41
3.52
3.55
3.62

3.06
3.14
3.04
3.35

1952—Mar..
June.
Sept..
Dec.

3.45
3.51
3.49
3.51

4.85
4.90
4.91
4.88

4.16
4.21
4.22
4.21

3.66
3.72
3.74
3.77

3.24
3.29
3.27
3.29

3.23
3.27
3.29
3.33

4.43
4.53
4.66
4.51

3.97
4.03
4.06
4.06

3.48
3.55
3.60
3.63

3.11
3.14
3.15
3.19

3.47
3.46
3.44
3.49

4.91
4.90
4.85
4.85

4.16
4.17
4.20
4.21

3.67
3.71
3.72
3.74

3.29
3.27
3.24
3.29

3.79
3.90
3.84
3.84

5.01
5.05
5.04
5.06

4.28
4.33
4.31
4.30

3.79
3.86
3.82
3.91

3.46
3.63
3.56
3.51

1953—Mar..
June.
Sept..
Dec.

3.54
3.73
3.74
3.76

4.89
4.98
5.01
4.98

4.25
4.38
4.40
4.39

3.75
3.91
3.93
3.96

3.32
3.53
3.54
3.57

3.31
3.52
3.52
3.51

4.55
4.63
4.76
4.70

4.13
4.25
4.25
4.25

3.55
3.79
3.76
3.77

3.17
3.39
3.40
3.38

3.50
3.71
3.71
3.79

4.95
5.07
5.08
5.07

4.24
4.38
4.45
4.40

3.74
3.87
3.91
3.96

3.30
3.54
3.52
3.63

3.90
4.05
4.10
4.10

5.02
5.09
5.10
5.06

4.31
4.46
4.46
4.46

3.91
4.02
4.06
4.09

3.62
3.79
3.86
3.86

1954—Mar..
June.
Sept..
Dec.

3.72
3.60
3.56
3.55

4.99
4.97
4.99
4.92

4.37
4.35
4.32
4.29

3.94
3.89
3.82
3.84

3.52
3.37
3.32
3.31

3.50
3.34
3.29
3.30

4.79
4.75
4.81
4.66

4.27
4.24
4.21
4.15

3.75
3.71
3.54
3.64

3.37
3.19
3.13
3.15

3.74
3.61
3.57
3.55

5.06
5.04
5.07
4.99

4.36
4.31
4.34
4.31

3.97
3.83
3.94
3.89

3.57
3.42
3.36
3.33

4.03
3.98
3.95
3.90

5.05
5.05
5.03
5.01

4.43
4.43
4.39
4.36

4.03
4.05
3.91
3.93

3.76
3.67
3.68
3.60

1955—Mar..
June.
Sept..
Dec.

3.54
3.56
3.77
3.93

4.93
4.92
4.98
5.01

4.29
4.29
4.44
4.52

3.83
3.83
3.99
4.14

3.30
3.33
3.56
3.75

3.29
3.30
3.54
3.76

4.68
4.73
4.83
4.86

4.14
4.18
4.39
4.48

3.65
3.62
3.87
4.00

3.14
3.15
3.39
3.64

3.55
3.55
3.76
3.95

5.02
4.97
5.06
5.08

4.32
4.29
4.43
4.52

3.84
3.78
3.99
4.16

3.35
3.37
3.58
3.79

3.87
3.95
4.11
4.17

5.00
4.98
5.01
5.06

4.35
4.34
4.47
4.54

3.92
4.01
4.07
4.22

3.54
3.67
3.88
3.91

1956—Mar..
June.
Seot..
Dec.

3.93
4.14
4.35
4.38

5.05
5.18
5.30
5.32

4.55
4.69
4.86
4.90

4.13
4.34
4.52
4.63

3.74
3.97
4.19
4.20

3.75
3.97
4.20
4.22

4.92
5.00
5.26
5.18

4.49
4.61
4.84
4.88

4.05
4.23
4.46
4.57

3.62
3.86
4.09
4.10

3.93
4.15
4.39
4.40

5.11
5.26
5.36
5.41

4.55
4.74
4.88
4.94

4.10
4.32
4.53
4.63

3.78
4.01
4.26
4.25

4.19
4.38
4.53
4.58

5.09
5.23
5.29
5.35

4.58
4.71
4.85
4.90

4.20
4.42
4.54
4.66

3.94
4.15
4.32
4.35

1957—Mar..
June.
Sept..
Dec.

4.38
4.40
4.83
4.85

5.38
5.37
5.67
5.66

4.94
4.94
5.29
5.29

4.59
4.61
5.01
5.01

4.21
4.23
4.69
4.71

4.23
4.23
4.69
4.71

5.26
5.24
5.54
5.50

4.92
4.86
5.24
5.23

4.47
4.49
4.93
4.94

4.11
4.12
4.60
4.62

4.40
4.39
4.85
4.86

5.41
5.39
5.69
5.67

4.91
4.94
5.31
5.33

4.61
4.61
5.01
5.02

4.26
4.25
4.73
4.74

4.60
4.65
5.01
5.05

5.42
5.42
5.72
5.73

4.96
4.99
5.31
5.31

4.64
4.70
5.05
5.04

4.35
4.43
4.81
4.87

1958—Mar..
June.
Sept..
Dec.

4.49
4.17
4.21
4.50

5.55
5.45
5.45
5.49

5.10
4.88
4.90
5.06

4.75
4.40
4.47
4.68

4.29
3.95
4.00
4.33

4.29
3.88
4.00
4.29

5.42
5.18
5.19
5.38

5.02
4.72
4.74
4.94

4.60
4.13
4.28
4.52

4.17
3.74
3.87
4.18

4.49
4.17
4.21
4.50

5.60
5.48
5.48
5.53

5.08
4.85
4.90
5.05

4.72
4.39
4.42
4.66

4.33
3.99
4.03
4.36

4.77
4.58
4.54
4.79

5.60
5.56
5.55
5.53

5.17
4.99
4.99
5.12

4.87
4.57
4.63
4.79

4.49
4.31
4.23
4.59

1959—Mar..
June.
Sept..

4.51
4.87
5.27

5.53
5.68
5.91

5.09
5.33
5.65

4.74
5.06
5.43

4.32
4.72
5.15

4.29
4.71
5.15

5.30
5.55
5.79

4.93
5.24
5.60

4.56
4.97
5.36

4.18
4.61
5.07

4.49
4.90
5.27

5.54
5.67
5.88

5.06
5.33
5.69

4.71
5.06
5.42

4.35
4.78
5.17

4.84
5.07
5.44

5.62
5.74
5.97

5.20
5.37
5.65

4.87
5.13
5.50

4.60
4.87
5.29

SeptJ
Dec.i

5.27
5.36

5.92
5.99

5.66
5.74

5.44
5.54

5.15
5.24

5.14
5.19

5.79
5.82

5.61
5.61

5.36
5.41

5.06
5.12

5.28
5.39

5.89
5.95

5.70
5.77

5.42
5.50

5.17
5.30

5.46
5.56

5.99
6.08

5.68
5.81

5.51
5.64

5.30
5.38

1960—Mar..
June.
Sept..
Dec.

5.34
5.35
4.97
4.99

6.01
6.00
5.94
5.90

5.75
5.76
5.58
5.56

5.50
5.53
5.21
5.21

5.21
5.22
4.78
4.82

5.18
5.19
4.74
4.77

5.81
5.81
5.73
5.73

5.63
5.64
5.45
5.42

5.41
5.42
5.00
4.99

5.10
5.10
4.62
4.66

5.34
5.34
4.96
4.97

5.95
5.94
5.90
5.86

5.73
5.72
5.54
5.52

5.47
5.52
5.21
5.19

5.24
5.24
4.81
4.83

5.57
5.58
5.32
5.33

6.12
6.10
6.04
6.00

5.83
5.84
5.68
5.65

5.57
5.61
5.34
5.36

5.40
5.41
5.10
5.12

1961—Mar..
June.
Sept..
Dec.

4.97
4.97
4.99
4.96

5.89
5.89
5.87
5.84

5.53
5.53
5.52
5.52

5.20
5.18
5.19
5.21

4.80
4.80
4.82
4.78

4.75
4.75
4.75
4.77

5.67
5.63
5.65
5.66

5.40
5.39
5.36
5.37

5.03
5.06
5.06
5.04

4.64
4.63
4.64
4.66

4.96
4.95
5.05
4.96

5.85
5.84
5.86
5.82

5.49
5.45
5.53
5.51

5.20
5.15
5.18
5.22

4.82
4.82
4.93
4.81

5.29
5.31
5.26
5.24

5.99
6.02
5.97
5.94

5.62
5.65
5.62
5.62

5.31
5.29
5.28
5.31

5.09
5.10
5.04
5.00

1962—Mar..
June.
Sept..
Dec.

4.98
5.01
4.99
5.02

5.89
5.88
5.86
5.88

5.54
5.53
5.53
5.55

5.21
5.25
5.21
5.28

4.81
4.84
4.82
4.85

4.78
4.79
4.77
4.78

5.65
5.64
5.60
5.61

5.36
5.35
5.35
5.33

5.04
5.09
5.14
5.12

4.68
4.68
4.65
4.68

4.97
5.00
5.00
5.05

5.85
5.83
5.87
5.85

5.53
5.52
5.51
5.55

5.17
5.21
5.20
5.23

4.83
4.86
4.87
4.92

5.28
5.33
5.32
5.33

6.01
6.01
5.98
6.01

5.66
5.65
5.65
5.68

5.35
5.39
5.28
5.41

5.03
5.12
5.12
5.10

1963—Mar..
June.
Sept..
Dec.

5.00
5.01
5.01
5.00

5.89
5.86
5.86
5.86

5.55
5.54
5.54
5.54

5.21
5.24
5.21
5.23

4.83
4.84
4.85
4.82

4.80
4.78
4.81
4.76

5.62
5.61
5.64
5.63

5.36
5.37
5.36
5.36

5.06
5.05
5.04
5.04

4.70
4.68
4.71
4.65

4.98
5.01
5.01
5.04

5.85
5.84
5.85
5.85

5.53
5.54
5.56
5.55

5.18
5.27
5.19
5.27

4.84
4.87
4.88
4.90

5.30
5.32
5.30
5.29

6.02
5.97
5.96
5.97

5.66
5.63
5.64
5.65

5.33
5.34
5.33
5.31

5.07
5.12
5.09
5.07

1

Coverage of Survey revised, in accordance with changes in the loan schedule of the call report of condition, to exclude loans to nonbank financial institutions.




9. COMMERCIAL PAPER AND BANKERS' ACCEPTANCES OUTSTANDING, 1941-52
[In millions of dollars]
Dollar acceptances
Based o n —

Held b y Commercial
paper

End of month

Goods stored in
or shipped between points in—

F.R. Banks

Accepting banks
Total

Others

Own

Bills
bought

Own
account

Foreign
correspondents

Imports
into
United
States

Exports
from
United
States

Dollar
exchange
United
States

Foreign
countries

Total

bills

168
164
170
170
164
161

65
65
63
66
60
59
55
47
46
47
51
54

45
48
47
49
51
52

115
119
120
126
125
123

16
18
24
25
24
24

49

121

22

3

47

16

50
46

114
105

21
13

3
4

49
45

11
9

47

109

12

4

48

11

50
49

116
116

14
15

5
4

48
48

12
11

3
2
2
1

51
44
45
48
43
52
45
41
41
40
39
38

11
13
16
14
13
4
11
11
10
12
12
14

38
41
39
38
37
36
35
33

12
12
10
11
12
12
10
11

1941—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

232
241
263
275
295
299

213
212
217
220
215
213

330

210

161

354
371

197
177

148
131

378

185

138

387
375

194
194

144
146

103
99
107
105
105
101
106
100
85
90
93
92

1942—Jan
Feb
Mar
Apr
May
June
July
Aug
Sent
Oct
Nov
Dec

381
388
384
373
354
315
305
297
282
271
261
230

197
190
183
177
174
163
156
139
123
119
116
118

154
144
146
139
133
122
119
108
97
94
90
93

103
92
89
86
82
78
77
71
64
63
61
60

52
53
57
53
51
44
42
37
33
31
29
34

43
46
37
38
41
41
38
31
26
25
26
25

116
112
103
97
101
94
92
78
66
60
57
57

17
18
17
17
16
13
8
8
6
6
6
9

1943—Jan
Feb
Mar
Apr
May
June
July

220
209
201
179
160
143
150
156

120
127
130
128
136
140
139
130

95
102
101
99
105
102
102
94

35
38
39
38
40
40
38
36
33
39
35
38

24
25
29
29
31
38
36
36

57
60
69
71
79
82
81
77

12
14
12
9
8
10
12
10

33

69

7

30

11

27
23
27

67
59
66

9
11
11

29
31
30

10
9
9
9

11
7
8
7
3
3

1

44
42
41
38
41
43

26
26
25
23
22
20

170

117

84

188
203
202

115
111
117

88
88
90

60
64
62
61
65
62
64
59
50
48
53
52

209
214
195
172
151
137
143
141
141
142
167
166

120
135
129
126
113
112
110
110
111
115
115
129

94
106
100
96
90
87
88
82
85
85
84
93

55
57
52
51
49
44
46
44
42
40
44
44

38
49
48
45
41
43
41
38
43
45
40
50

27
29
30
29
24
25
23
28
26
30
32
35

71
83
79
77
71
74
72
75
78
79
74
86

12
12
12
12
10
11
12
10
11
13
14
14

29
32
31
30
28
24
24
22
19
21
24
25

7
4
3
2
3
3
2
4
3

162
157
147

130
126
128

98
97
96

86
87
87

13
12
11

25
24
25

5
4
4

117
104

90
82

26
22

81
72

10
9

24
22

2
2

101
107

107
117

80
90

27
26

74
81

10
9

20
22

3
4

AUE

110

128

101

28

91

10

25

2

Sept
Oct
Nov
Dec

111
127
156
159

135
135
145
154

104
100
107
112

50
46
42
38
32
36
45
50
52
46
49
48

32
29
32

119
103

48
52
54
52
51
44
45
50
52
53
58
64

31
35
38
42

98
95
100
103

11
12
15
18

23
22
23
26

3
6
6
7

1946 Jan

174

166

126

Feb

178
172
149

167
163
169

128
119
109

126

177

108

121
131
142
148
202
227
228

192
205
207
200
204
208
227

109
118
140
151
154
155
169

71
74
64
65
66
65
67
68
68
71
73
74

55
53
55
44
42
45
51
72
82
82
82
94

AUK

..

Sept
Oct
Nov
Dec
1944—Jan
Feb
Mar
Apr
June . .
July
AUE .
Sept
Oct
Nov
Dec
1945

Jan

Feb
Mar
Apr
May
June
July

. ..

Mar

Apr
May
June
July
AUE

Sept
Oct
Nov
Dec




.

..

8
7

40

109

20

29

8

2
13

39
42
47

109
104
114

18
17
16

31
33
30

9
8
9

13

55

124

18

28

18
34
13
2

64
54
54
47
46
47
52

134
146
152
150
154
152
162

22
24
22
20
18
23
29

27
26
26
23
23
26
29

7
8
9

4
6
7

64

1
1

7
7
8
6
7

9. COMMERCIAL PAPER AND BANKERS' ACCEPTANCES OUTSTANDING, 1941-52 — Continued
[In millions of dollars]
Dollar acceptances
Held b y -

End of month

Commercial
paper

Accepting banks

Based on—

F.R. Banks

Total

Total

Own
bills

Bills
bought

Own
account

Foreign
correspondents

Others

Imports Exports
into
from
United United
States
States

Dollar
exchange

Goods stored in
or shipped between points in—

United
States

Foreign
countries

1947_j a n
Feb.. . .
Mar....
Apr... .
May...
June...
July....
Aug
Sept....
Oct
Nov....
Dec.. . .

236
243
266
256
250
234
244
244
242
283
287
287

241
230
228
215
189
183
187
206
219
237
245
261

183
171
170
154
130
132
148
158
168
180
188
197

85
76
75
71
67
69
75
71
83
83
76
88

98
95
95
83
63
63
74
87
85
97
112
109

7
10
8
8
7
6
5
4
3
3
3
2

52
49
49
53
52
45
34
.44
44
52
54
62

172
164
158
140
118
111
115
133
140
144
147
159

35
35
36
42
45
46
45
47
42
54
61
63

27
24
27
25
21
20
21
20
24
23
25
25

7
7
8
5
6
7
6
11
10
9
11

1948—Jan
Feb.. . .
Mar....
Apr.. . .
May...
June...
July....
Aug....
Sept
Oct
Nov....
Dec

290
301
311
275
254
270
284
309
305
285
287
269

262
253
241
242
256
253
235
221
214
221
239
259

188
174
162
151
161
142
134
122
120
125
141
146

85
79
70
71
71
61
67
60
65
67
71
71

103
94
92
80
90
81
67
62
55
58
70
76

4
5
4
3
3
3
2

70
74
75
88
91
108
100
98
93
94
97
109

168
168
151
143
155
155
151
143
136
140
152
164

53
43
48
54
57
56
47
40
37
42
48
57

27
24
23
19
19
19
19
20
20
20
24
25

13
17
17
22
21
20
18
17
20
17
15
12

1949_j a n
Feb.. . .
Mar....
Apr
May. . .
June...
July....
Aug....
Sept
Oct
Nov....
Dec

268
268
257
249
219
199
211
230
265
278
278
257

262
228
215
204
195
198
194
189
207
215
251
272

137
114
98
88
84
87
90
85
94
104
118
128

66
65
58
59
58
54
57
53
54
57
60
58

70
49
40
28
27
33
33
32
40
47
58
70

3
4
5
6
5
5
3
3
4
4

123
111
112
110
105
106
101
101
109
107
125
133

156
134
127
119
118
121
117
117
133
140
173
184

57
51
51
46
44
47
44
37
37
39
44
49

25
23
22
20
17
17
19
18
21
23
25
30

13
14
14
17
12
13
13
16
14
12
9
9

1950—Jan
Feb
Mar....
Apr.. . .
May...
June...
July....
Aug....
Sept
Oct
Nov
Dec

258
257
258
257
250
240
259
286
308
312
325
333

280
256
245
237
231
279
335
374
397
383
383
394

134
120
100
93
93
126
155
174
187
168
166
192

67
69
63
62
59
82
87
103
103
100
104
114

68
51
37
31
34
44
68
71
84
68
62
78

6
5
6
8
16
24
24
24
21

137
128
137
138
133
148
173
184
187
191
193
180

190
175
165
157
142
170
211
238
264
243
234
245

49
45
45
47
58
66
80
87
79
85
88
87

32
25
23
18
15
21.
22
26
29
29
29
28

9
11
12
15
17
21
22
21
23
25
29
32

1951—Jan
Feb
Mar....
Apr.. . .
May...
June...
July....
Aug
Sept
Oct
Nov....
Dec.. . .

356
369
381
387
364
331
336
368
377
410
435
434

453
470
479
456
417
425
380
384
375
398
437
490

202
201
198
170
143
162
135
122
118
131
154
197

126
121
122
119
108
120
103
94
85
87
96
119

76
79
76
52
35
42
33
28
33
44
58
79

27
32
31
32
30
28
25
24
22
17
18
21

224
238
247
253
244
235
220
239
234
250
265
272

286
304
314
288
259
267
225
218
210
226
227
235

100
99
106
111
102
104
104
109
104
106
116
133

6
3
4
5
23

36
36
30
24
22
22
24
25
27
27
46
55

29
29
26
31
33
31
27
26
31
35
43
44

1952—Jan
Feb
Mar....
Apr
May...
June...
July....
Aug
Sept
Oct
Nov....
Dec

480
517
534
544
510
495
539
550
565
591
575
539

492
493
458
422
430
416
450
454
454
449
478
492

193
188
177
150
155
148
171
169
166
155
172
183

127
121
120
110
121
108
122
113
106
103
114
126

66
67
57
40
34
40
49
56
61
52
58
57

13
10

287
295
274
264
267
260
270
276
275
278
289
289

235
234
228
211
197
195
200
212
232
237
233
232

135
135
138
135
136
126
126
119
108
114
123
125

23
27
6
6
37
45
73
74
60
30
29
39

52
46
36
22
17
15
17
20
24
40
62
64

48
51
51
48
43
36
34
30
31
28
31
32

Note.—Data for 1948-63 are shown on a revised basis in Table 10.




1
2
2
3

9
9
13
16
17
20

65

I
1
11
6
2
2
2

10.

COMMERCIAL AND FINANCE COMPANY PAPER AND BANKERS' ACCEPTANCES OUTSTANDING, 1948-63
[In millions of dollars]
Dollar acceptances
Commercial and finance
company paper
3ased o n —
I

Held by—

F.R. Banks

Accepting banks

End of
period
Total

Placed Placed
through directly
dealers (finance
paper)

Total

Others
Total

Own
bills

Bills
bought

Own

account

Foreign
correspondents

Imports Exports
from
into
United United
States
States

Dollar
exchange

G o o d s stored in
or shipped between points i n —

United
States

Foreign
countries

674
838

277
270

397
568

259
272

146
128

71
58

76
70

3
11

109
133

164
184

57
49

1

25
30

12
9

921
1,333
1,749

345
449
552

576
884
1,197

394
490
492

192
197
183

114
119
126

78
79
57

21
21
20

180
272
289

245
235
232

87
133
125

2
23
39

28
55
64

32
44
32

1,835
1,881
1,914
1,907
1,873
z ••
. *'
1,762
June.... 1,831
July
.J
1,867
Aug
1,993
Sept
2,155
Oct
Nov
2,198
Dec
1,973

519
523
518
477
454
417
440
463
487
548
595
564

1,316
1 358
1,396
1 430
1,419
1,345
1,391
1,404
1,506
1,607
1 603
1,409

487
490
468
455
417
428
435
478
515
517
534
574

159
158
149
115
111
123
131
148
159
160
170
172

111
110
105
78
85
92
108
108
110
122
125
117

48
48
44
36
26
30
23
40
49
38
45
55

22
28
29
32
29
30
25
25
26
23
20
24

306
289
309
277
276
279
304
329
334
344
378

225
234
237
229
198
214
213
211
237
227
246
274

120
114
110
115
111
112
115
128
135
145
139
154

43
57
39
43
37
35
40
64
66
56
49
29

65
53
49
37
39
32
32
36
40
56
59
75

34
32
32
31
32
35
35
38
38
34
41
43

17
10
13
17
14
14
9
5
6
14
19
19

373
350
369
379
374
355
376
360
344
402
437
565

266
238
247
270
277
246
225
205
207
207
248
285

157
151
139
142
143
143
136
134
139
148
164
182

45
44
47
38
36
60
92
75
85
72
42
17

73
71
107
127
115
96
91
101
130
205
247
300

46
41
39
46
45
43
46
47
48
55
66
89

1948..
1949
1950
1951
1952
1953_j a n
Feb
Mar
Apr
May

304

1954—Jan.. . .
Feb
Mar
Apr
May....
June....
July
Aug
Sept
Oct
Nov
Dec

2,162
2,317
2,301
2,222
2,176
2,159
2,217
2,237
2,201
2,056
2,041
1,933

635
716
735
694
641
679
747
794
803
762
769
733

1 527
1,601
1,566
1,528
1,535
1,480
1,470
1,443
1,398
1,294
1,272
1,200

586
545
580
623
616
589
589
563
609
687
768
873

195
185
198
228
227
220
205
198
259
271
313
289

144
149
149
165
171
164
164
155
178
217
241
203

51
36
50
63
56
56
41
43
81
55
71
86

1955_jan
Feb
Mar
Apr
May....
June
July
Aug
Sept
Oct
Nov
Dec

2,073
2,196
2,202
2,179
2,346
2,311
2,420
2,369
2,269
2,280
2,313
2,035

713
703
681
622
572
572
593
580
564
547
542
510

1,360
1,493
1,521
1,557
1,774
1,739
1,827
1,789
1,705
1,733
1,771
1,525

869
831
807
767
686
655
650
655
671
662
642
642

282
242
236
206
192
182
184
186
190
189
187
175

206
182
187
164
143
138
144
142
147
144
134
126

77
61
49
42
49
44
40
44
43
45
52
49

4
17
14
16
10
14
21
16
17
28

23
28
29
28
26
26
23
27
27
26
27
33

564
561
538
517
453
431
433
427
433
430
410
405

273
235
227
229
207
216
223
220
253
258
259
252

187
178
182
189
188
189
186
182
189
201
205
210

17
41
56
68
53
40
41
41
33
33
20
17

303
283
248
190
150
125
108
111
108
82
73
63

90
93
93
92
88
85
92
101
87
87
86
100

1956—Jan
Feb
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.

2,385
2,658
2,584
2,552
2,641
2,465
2,649
2,566
2,515
2,639
2,679
2,183

573
588
560
508
515
476
509
548
549
573
568
506

1 812
2,070
2,024
2,044
2,126
1,989
2,140
2,018
1,966
2,066
2,111
1,677

624
667
660
628
643
684
723
772
805
843
924
967

169
184
170
146
157
180
175
189
209
203
242
227

124
135
130
108
113
109
111
120
127
135
167
155

44
49
40
39
44
71
64
70
82
69
75
72

18
14
14
13
16
18
18
22
17
20
33
69

32
37
39
42
45
45
48
51
49
53
52
50

406
431
436
427
424
441
483
510
529
567
598
621

237
263
263
235
245
264
270
271
294
277
277
261

220
234
236
240
252
251
237
259
258
281
295
329

11
20
18
10
9
9
13
21
17
19
10
2

46
43
49
43
33
34
74
97
113
133
199
227

110
106
94
100
104
125
129
124
123
133
143
148

2 620
2,763
2,696
2,540
M^y."!.'! 2,785
June.... 2,463
July.... 2,791
Aug
2,846
Sept
2,568
Oct
2,663
Nov
2,953
Dec
2,672

548
555
489
466
483
454
459
501
501
516
560
551

2 072
2,208
2,207
2,074
2,302
2,009
2,332
2,345
2,067
2,147
2,393
2,121

1 012
992
1,019
1,018
984
979
1,000
1,227
1,197
1,225
1,224
1,307

230
202
209
195
188
183
154
220
214
197
221
287

156
133
150
135
142
142
112
152
149
131
151
194

74
69
59
60
46
41
42
68
65
66
70
94

30
24
23
24
21
23
19
27
16
16
20
66

62
58
58
64
63
62
70
68
66
69
67
76

689
708
728
735
713
711
757
913
901
942
916
878

291
307
305
272
227
220
231
243
234
248
268
278

363
389
425
471
501
502
507
524
483
465
459
456

2
2
2
4
5
21
35
66
75
94
64
46

197
127
116
89
73
58
59
212
225
226
222
296

158
167
171
182
177
178
169
182
181
192
211
232

654
776
862
919
946
965

2,700
2,863
2,634
2,750
2,774
2,419

1,422
1,523
1,529
1,479
1,441
1,352

416
497
422
459
474
396

307
372
318
350
372
292

109
125
104
109
102
104

41
43
39
37
42
45

127
139
132
131
119
113

838
843
936
852
806
798

273
261
263
278
296
282

461
447
432
416
396
375

65
110
139
131
130
121

386
480
471
416
371
325

237
224
224
239
247
248

1957—Jan.. .
Feb
Mar

1958—Jan
Feb
Mar
Apr
May....
June....

3,354
3,639
3,496
3,669
3,720
3,384




66

10. COMMERCIAL AND FINANCE COMPANY PAPER AND BANKERS' ACCEPTANCES OUTSTANDING,
1948-63 — Continued
[In millions of dollars]
Dollar acceptances
Commercial and finance
company paper
] Jased

Held b y -

End of
month

Placed
through
dealers

Placed
directly
(finance
paper)

Goods stored in
or shipped between points in—

F.R. Banks

Accepting banks
Total

Total
Others
Total

Own
bills

on—

Bills
bought

Own
account

Foreign
correspondents

Imports
into
United
States

Exports
from
United
States

Dollar
exchange
United
States

Foreign
countries

1958—July
Aug
Sept
Oct
Nov
Dec

3,639
3,383
3,158
3,307
i 3,203
i 2,739

966
981
958
961
940
840

2,673
2,402
2,200
2,346
12,263
11,899

1,353
1,363
1,281
1,255
1,209
1,194

426
416
385
347
290
302

328
340
319
273
234
238

98
75
65
73
55
64

34
33
28
36
34
49

108
91
75
71
75
68

785
824
792
802
810
775

269
256
236
246
251
254

380
385
355
354
348
349

141
131
136
117
94
83

313
337
319
296
265
244

251
254
235
242
251
263

1958—Nov
Dec

i 3,213
i 2,751

940
840

12,273
11,911

1,209
1,194

290
302

234
238

55
64

34
49

75
68

810
775

251
254

348
349

94
83

265
244

251
263

3,085
3,331
3,279
3,348
May!!!! 3,570
3,418
June
3,569
July
2 3,663
Aug

875
897
883
822
791
729
759
2 795

2,210
2,434
2,396
2,526
2,779
2,689
2,810
2,868

1,133
1,161
1,054
1,029
1,038
983
957
946

276
309
271
269
242
213
198
169

226
232
227
208
193
175
160
127

51
77
44
60
49
38
38
42

40
39
30
30
28
26
25
21

60
62
60
56
79
76
74
72

756
751
692
673
689
668
661
685

251
275
278
292
286
256
259
287

346
339
329
348
350
327
334
322

118
112
111
78
103
111
85
56

168
183
82
48
43
33
26
29

250
252
253
263
256
256
253
251

Aug
Sept

2 3,762
3,448
3,914
3,778
3,202

2 894
858
859
864
677

2,868
2,590
3,055
2,914
2,525

946
954
945
1,029
1,151

169
205
182
232
319

127
158
145
187
282

42
47
36
44
36

21
20
28
34
75

72
67
62
71
82

685
662
673
693
675

287
316
304
355
357

322
301
290
283
309

56
45
36
46
74

29
46
81
119
162

251
246
234
226
249

4,032
4,226
4,495
4,450
4,719
4,627
4,827
5,105
4,728
5 262
5,304
4,497

757
810
906
1,003
1,023
1,115
1,213
1,365
1,361
1 493
1,505
1,358

3 275
3 416
3,589
3,447
3,696
3,512
3,614
3,740
3,367
3,769
3,799
3,139

1,229
1,240
1,366
1,336
1,263
1,382
1,561
1,656
1,668
1 753
1,868
2,027

230
218
250
320
310
311
404
424
392
501
628
662

193
170
178
247
237
229
299
316
284
356
454
490

36
48
72
73
74
82
104
108
108
145
175
173

42
35
33
30
29
30
29
33
42
39
48
74

124
119
153
167
161
182
180
204
204
196
227
230

833
868
929
819
763
859
948
996
1,031
1 017
'965
1,060

341
350
364
373
352
375
400
407
409
405
401
403

337
336
413
461
474
501
545
594
632
633
647
669

149
193
201
128
87
94
166
179
123
139
146
122

158
131
144
109
65
91
76
83
107
157
229
308

245
229
244
266
286
321
373
393
398
419
445
524

M*ay!!!!
June....
July
Aug
Sept
Oct
Nov
Dec

5,091
5,045
5,078
5,090
4,936
4,936
4,991
4,946
4,875
5 119
5,349
4,686

1,465
1,479
1,525
1,532
1,478
1,460
1,534
1,617
1,730
1 818
1,868
1,711

3,626
3,566
3,553
3,558
3,458
3,476
3,457
3,329
3,145
3 301
3>81
2,975

2,029
2,049
2,231
2,254
2,203
2,271
2,301
2,400
2,422
2 491
2,555
2,683

725
730
842
858
808
913
915
970
946
1 035
1,122
1,272

514
554
641
661
645
697
727
753
740
829
871
896

210
176
202
197
163
216
188
217
207
206
251
376

46
46
46
45
37
36
32
34
35
38
43
51

197
179
173
151
166
156
144
137
123
117
110
126

1,061
1,093
1,169
1,200
1,192
1,166
1,210
1.259
1,318
1 301
1^280
1,234

400
388
408
397
379
395
415
429
452
457
461
485

677
702
821
863
864
896
926
964
964
949
939
969

118
104
110
93
74
70
45
49
59
91
98
117

299
291
269
268
235
207
186
192
191
225
287
293

535
563
623
633
651
703
729
765
757
769
770
819

1962—Jan
Feb
Mar
Apr
May....
June
July
Aug
Sept
Oct
Nov
Dec

5,558
5,521
5,715
5,641
5,919
5,865
6,170
6,576
6,577
6,986
7,091
6,000

1 762
1,762
1,876
1,883
1,869
1,878
2,002
2,119
2,228
2,417
2,501
2,088

3 796
3,759
3,839
3,758
4,050
3,987
4,168
4,457
4,349
4,569
4,590
3,912

2 621
2,559
2,498
2,392
2,345
2,342
2,306
2,277
2,281
2,367
2,476
2,650

1 163
1,093
1,072
981
949
965
1,009
937
952
1,025
1,086
1,153

804
788
774
763
733
731
736
721
748
824
841
865

359
305
298
218
216
234
273
216
204
201
245
288

45
44
42
36
33
60
43
35
36
34
38
110

120
113
100
94
112
85
80
71
68
69
88
86

[ 294
I ,'309
1,284
1,281
1,251
1,232
1,175
1,234
1,225
1,239
1,264
1,301

477
472
474
479
462
473
485
488
520
502
525
541

946
915
889
826
787
751
705
667
674
679
719
778

74
106
86
74
96
145
143
138
144
160
173
186

271
223
182
158
145
117
93
72
73
110
145
171

853
844
867
855
855
857
881
912
870
917
914
974

1963—Jan
Feb
Mar
Apr
May....
June
July
Aug
Sept
Oct
Nov
Dec

6,790
6,996
7,076
7,382
7,542
7,239
7,522
7,808
7,161
7,869
8,170
6,747

2,091
2,193
2,260
2,204
2,084
2,049
2,059
2,062
2,098
2,230
2,172
1,928

4,699
4,803
4,816
5,178
5,458
5,190
5,463
5,746
5,063
5,639
5,998
4,819

2,593
2,565
2,589
2,658
2,696
2,697
2,712
2,644
2,709
2,733
2,744
2,890

1,153
1,141
1,167
1,251
1,148
1,227
1,202
1,174
1,127
1,093
1,190
1,291

849
840
886
977
923
953
990
938
946
911
976
1,031

304
301
280
274
225
274
213
236
181
181
214
260

72
54
52
44
42
43
39
38
34
58
42
162

84
84
83
83
83
83
85
89
104
105
102
92

1,284
1,285
[,288
1,280
1,422
1,344
1,386
1,343
1,443
1,477
1,410
1,345

538
542
554
523
525
536
555
556
564
563
571
567

730
703
730
750
808
807
791
772
775
807
842
908

149
159
142
146
149
130
128
105
97
89
54
56

180
148
122
108
72
66
64
53
47
46
46
41

996
1,013
1,041
1,130
1,142
1,158
1,174
1,159
1,226
1,229
,230
,317

1959—Jan
Feb

Mar

Oct

Nov
Dec
I960 Jan . .
Feb

Mar

Apr
May....
June....
July
Aug
Sept
Oct
Nov
Dec
1961—Jan
Feb
Mar

t

1
Before November 1958 only a small amount of finance company paper
with an original maturity of over 270 days was included with finance company
paper reported; thereafter complete totals are included.




2
Beginning with August 1959 data are not fully comparable with earlier
figures because of expanded dealer coverage.

67

11. BOND YIELDS, BY TYPE OF SECURITY
A. ANNUALLY AND MONTHLY, 1941-63
[Per cent per annum]
Corporate bonds

Government bonds
State and local
Period

United
States
(longterm)

Moody's

Moody's

Standard
and
Poor's

Total

Aaa

Aa

A

Baa

Standard
and
Poor's
AAA

By group

By rating
Total
Aaa

Aa

A

Baa

Industrial

Railroad

Public
utility

1941
1942
1943
1944

2.05
2.46
2.47
2.48

2.10
2.36
2.06
1.86

2.02
2.18
1.90
1.67

1.54
1.66
1.39
1.16

1.76
1.92
1.67
1.45

2.17
2.33
2.05
1.85

2.60
2.82
2.49
2.20

2.84
2.85
2.80
2.78

3.34
3.34
3.16
3.05

2.77
2.83
2.73
2.72

2.94
2.98
2.86
2.81

3.30
3.28
3.13
3.06

4.33
4.28
3.91
3.61

2.95
2.96
2.85
2.80

3.95
3.96
3.64
3.39

3.11
3.11
2.99
2.97

1945
1946
1947
1948
1949

2.37
2.19
2.25
2.44
2.31

1.67
1.64
2.01
2.40
2.21

1.50
1.46
1.84
2.33
2.15

1 07
.10
.45
.87
.65

1.32
1.27
1.59
2.01
1.91

1.65
1.56
1.94
2.53
2.38

1.95
1.90
2.37
2.90
2.66

2.61
2.51
2 58
2.80
2.65

2.87
2.74
2.86
3.08
2.96

2.62
2.53
2.61
2.82
2.66

2.71
2.62
2.70
2.90
2.75

2.87
2.75
2.87
3.12
3.00

3.29
3.05
3.24
3.47
3.42

2.68
2.60
2.67
2.87
2.74

3.06
2.91
3.11
3.34
3.24

2.89
2.71
2.78
3.03
2.90

1950
1951
1952
1953
1954

2.32
2.57
2.68
2.94
2.55

1.98
2.00
2.19
2.72
2.37

1.94
1.99
2.22
2.82
2.46

.56
.61
1.80
2.31
2.04

1.76
1.79
2.00
2.54
2.17

2.11
2.17
2.37
3.01
2.51

2.32
2.38
2.70
3.41
3.09

2.59
2 84
2.95
3.18
2.87

2.86
3.08
3.19
3.43
3.16

2.62
2.86
2.96
3.20
2.90

2.69
2.91
3.04
3.31
3.06

2.89
3.13
3.23
3.47
3.18

3.24
3.41
3.52
3.74
3.51

2.67
2.89
3.00
3.30
3.09

3.10
3.26
3.36
3.55
3.25

2.82
3.09
3.20
3.45
3.15

1955
1956
1957
1958
1959

2.84
3.08
3.47
3.43
4.07

2.53
2.93
3.60
3.56
3.95

2.57
2.94
3.56
3.36
3.74

2.18
2.51
3.10
2.92
3.35

2.32
2.72
3.33
3.17
3.55

2.66
3.02
3.62
3.39
3.83

3.14
3.50
4.20
3.95
4.24

3 04
3.38
3.91
3.80
4.39

3.25
3.57
4.21
4.16
4.65

3.06
3.36
3.89
3.79
4.38

3.16
3.45
4.03
3.94
4.51

3.24
3.57
4.19
4.17
4.67

3.53
3.88
4.71
4.73
5.05

3.19
3.50
4.12
3.98
4.51

3.34
3.65
4.32
4.39
4.75

3.22
3.54
4.18
4.10
4.70

I960
1961
1962
1963

4.01
3.90
3 95
4.00

3.73
3.46
3 18
3.23

3.69
3.60
3.30
3.28

3.26
3.27
3 03
3.06

3.51
3.46
3 17
3.16

3.75
3.66
3.32
3.30

4.22
4.01
3.67
3.58

4.41
4.36
4 29
4.24

4.73
4.66
4.62
4.50

4.41
4.35
4.33
4.26

4.56
4.48
4.47
4.39

4.77
4.70
4.65
4.48

5.19
5.08
5.02
4.86

4.59
4.54
4.47
4.42

4.92
4.86
4.86
4.65

4.69
4.57
4.51
4.41

1941 Jan..
Feb
Mar
Apr
May
June
July
Aug.
Sect
Oct
Nov
Dec

2.12
2 22
2.12
2.07
2.04
2.01
1.98
2.01
2.02
1.98
2.34
2.47

2.16
2 27
2.28
2.20
2.14
2.08
2.03
2.00
1.99
1.91
1.90
2.25

2.05
2.18
2.21
2.15
2.08
2.00
1.96
1.96
1.93
1.87
1.84
2.01

1.59
1 65
1.71
1 67
1.60
1.52
1.48
1.44
1.43
1.39
1.39
1 55

1.79
1 98
2.01
1.92
1.82
1.71
1.67
1.68
1.66
1.60
1.58
1.74

2.20
2 33
2.35
2.28
2.23
2.15
2.12
2.12
2.09
2.02
2.00
2.20

2.63
2 75
2.75
2.73
2.67
2.60
2.58
2.58
2.55
2.45
2.40
2.55

2.87
2 88
2.89
2.92
2.88
2.86
2.83
2.80
2.79
2.77
2.76
2.84

3.36
3.40
3.39
3.39
3.37
3.34
3.30
3.29
3.30
3.27
3.26
3.35

2.75
2.78
2.80
2.82
2.81
2.77
2.74
2.74
2.75
2.73
2.72
2.80

2.95
3.00
3.01
3.04
2.99
2.95
2.90
2.90
2.91
2.87
2.86
2.95

3.36
3.38
3.37
3.38
3.34
3.31
3.26
3.24
3.24
3.21
3.19
3.27

4.38
4.42
4.38
4.33
4.32
4.31
4.28
4.27
4.30
4.28
4.28
4.38

2.96
3.00
3.02
3.06
3.02
2.96
2.90
2.90
2.88
2.85
2.85
2.94

3.96
4.00
3.98
3.96
3.95
3.95
3.92
3.92
3.95
3.93
3.91
3.99

3.17
3.19
3.17
3.16
3.13
3.10
3.07
3.06
3.07
3.05
3.04
3.12

2.48
2.48
2.46
2 44
2.45
2 43
2.46
2 47
2.46
2 45
2 47
2.49

2.33
2.55
2.58
2 44
2.45
2 38
2.32
2 28
2.25
2 22
2 20
2.26

2.17
2.31
2 35
2 29
2 26
2 20
2.12
2 09
2.10
2 09
2 10
2.11

1.63
1.78
1.84
1 79
1 74
1 67
1.58
1 54
1.56
1 57
1 58
1.59

1.93
2.08
2.11
2 05
1.98
1 93
1.85
1 80
1.82
1 82
1 85
1.87

2.35
2.47
2.49
2 42
2.39
2 36
2.26
2 24
2.24
2.22
2 23
2.25

2.75
2.90
2.94
2 90
2.93
2 84
2.78
2.79
2.78
2.74
2 73
2.73

2.85
2.86
2.88
2 85
2.86
2 86
2.85
2.85
2.84
2.84
2 85
2.86

3.35
3.35
3.37
3.34
3.36
3.37
3.35
3.34
3.33
3.31
3.31
3.32

2.83
2.85
2.86
2.83
2.85
2.85
2.83
2.81
2.80
2.80
2.79
2.81

2.96
2.98
3.00
2.98
3.00
3 01
2.99
2.99
2.98
2.95
2.94
2.96

3.30
3.29
3.32
3.30
3.31
3.31
3.28
3.27
3.26
3.24
3.24
3.23

4.29
4.29
4.30
4.26
4.27
4.33
4.30
4.28
4.26
4.24
4.25
4.28

2.97
2.98
3.00
2.96
2.97
2.97
2.94
2.94
2.95
2.94
2.93
2.94

3.93
3.94
3.94
3.95
3.97
4.03
4.02
3.98
3.95
3.92
3.93
3.96

3.13
3.15
3.17
3.13
3.13
3.12
3.09
3.09
3.08
3.07
3.06
3.07

1942—Jan
Feb...
Mar
Apr.. .
May
June..
July
Aue...
Seot
Oct
Nov..
Dec




1943—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

\2.27
2.22
2.21
2.20
2.13
2.07
1.97
1.91
1.92
1.88
1.90
2.00

2.09
2.06
2.04
2.00
1.94
1.88
1.84
1.82
1.80
1.75
1.76
1.79

1.56
1.54
.53
.48
1.43
.38
.34
.33
.31
.25
1.26
1.27

1.85
1.81
1.80
1.76
L.72
1.67
1.62
1.58
1.57
1.52
1.54
1.56

2.24
d
2.21
2.18
2.14
2.08
2.02
1.98
1.96
1.95
1.90
1.91
.98

2.72
2.68
2.66
2.62
2.54
2.46
2.40
2.39
2.38
2.32
2.34
2.36

2.84
2.82
2.83
2.83
2.81
2.79
2.77
2.77
2.77
2.78
2.80
2.83

3.27
3.23
3.20
3.19
3.16
3.14
3.11
3.10
3.11
3.11
3.13
3.14

2.79
2.77
2.76
2.76
2.74
2.72
2.69
2.69
2.69
2.70
2.71
2.74

2.93
2.89
2.88
2.88
2.87
2.85
2.82
2.81
2.82
2.83
2.84
2.87

3.20
3.17
3.14
3.14
3.13
3.11
3.09
3.08
3.10
3.10
3.11
3.13

4.16
4.08
4.01
3.96
3.91
3.88
3.81
3.81
3.83
3.82
3.83
3.82

2.90
2.88
2.87
2.87
2.86
2.84
2.80
2.79
2.82
2.82
2.85
2.86

3.86
3.78
3.73
3.69
3.64
3.61
3.56
3.55
3.56
3.55
3.56
3.56

3.05
3.02
3.00
3.01
3.00
2.98
2.95
2.96
2.96
2.96
2.98
3.00

1944—Jan...
Feb..
Mar..
May.'
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

ON

2.46
2.46
2.48
2.48
2.46
2.45
2.45
2.46
2.48
2.48
2.48
2.49
2.49
2.49
2.48
2.48
2.49
2.49
2.49
2.48
2.47
2.48
2.48
2.48

1.92
1.85
1.84
1.85
1.86
1.87
1.84
1.82
1.83
1.87
1.88
1.87

1.73
1.69
1.67
1.68
1.68
1.66
1.63
1.60
1.64
1.67
1.68
1.67

1.21
1.17
1.16
.17
1.17
1.16
.15
.14
.15
.16
.16
.15

1.51
1.46
1.44
1.45
1.46
1.45
1.43
1.42
.44
1.45
[.47
1.47

1.91
1.86
.84
.85
.85
1.83
.80
.78
L.82
1.87
1.88
1.86

2.30
2.27
2.24
2.25
'2.25
2.19
2.13
2.07
2.14
2.18
2.21
2.20

2.81
2.81
2.80
2.78
2.77
2.78
2.78
2.77
2.76
2.76
2.76
2.74

3.11
3.10
3.09
3.08
3.06
3.05
3.04
3.02
3.03
3.02
3.02
2.98

2.72
2.74
2.74
2.74
2.73
2.73
2.72
2.71
2.72
2.72
2.72
2.70

2.83
2.83
2.82
2.82
2.81
2.81
2.80
2.79
2.79
2.81
2.80
2.76

3.11
3.10
3.10
3.09
3.07
3.07
3.05
3.04
3.05
3.01
3.01
2.98

3.76
3.72
3.70
3.68
3.63
3.59
3.57
3.55
3.56
3.55
3.53
3.49

2.83
2.83
2.83
2.83
2.81
2.79
2.79
2.79
2.79
2.79
2.77
2.74

3.51
3.49
3.48
3.45
3.41
3.40
3.37
3.34
3.35
3.32
3.29
3.25

2.99
2.98
2.97
2.97
2.97
2.96
2.95
2.94
2.94
2.96
2.98
2.96

1945—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

2.44
2.38
2.40
2.39
2.39
2.35
2.34
2.36
2.37
2.35
2.33
2.33

1.81
1.71
1.61
1.57
1.58
1.58
1.57
1.70
1.79
1.76
1.70
1.64

1.60
1.51
1.42
1.39
1.39
1.42
1.43
1.55
1.64
1.61
1.55
1.48

1.09
1.02
.96
.95
.98
1.01
1.02
1.13
1.22
1.21
1.16
1.11

1.41
1.36
1.27
1.23
.24
1.25
.26
1.36
1.44
1.42
1.35
1.27

.79
.68
L.58
1.54
1.52
1.54
1.58
1.69
1.80
1.79
1.71
.62

2.10
1.99
1.85
1.82
.83
.86
.87
2.02
2.10
2.03
1.98
1.91

2.65
2.61
2.59
2.59
2.59
2.61
2.60
2.62
2.63
2.62
2.61
2.60

2.97
2.93
2.91
2.90
2.89
2.87
2.85
2.86
2.85
2.84
2.82
2.80

2.69
2.65
2.62
2.61
2.62
2.61
2.60
2.61
2.62
2.62
2.62
2.61

2.76
2.73
2.72
2.73
2.72
2.69
2.68
2.70
2.70
2.70
2.68
2.68

2.98
2.94
2.92
2.90
2.88
2.86
2.85
2.85
2.85
2.84
2.81
2.79

3.46
3.41
3.38
3.36
3.32
3.29
3.26
3.26
3.24
3.20
3.15
3.10

2.73
2.69
2.68
2.69
2.68
2.68
2.68
2.68
2.67
2.65
2.64
2.64

3.23
3.16
3.11
3.07
3.05
3.03
3.00
3.02
3.05
3.03
2.99
2.96

2.97
2.95
2.94
2.94
2.93
2.89
2.87
2.86
2.85
2.84
2.81
2.79

1946—Jan...
Feb..
Mar..
M*ay.'
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

2.21
2.12
2.09
2.08
2.19
2.16
2.18
2.23
2.28
2.26
2.25
2.24

1.57
1.49
1.49
1.45
1.54
1.55
1.60
1.65
1.75
1.84
1.80
1.97

1.39
1.29
1.25
1.22
1.35
1.38
1.46
1.54
1.60
1.64
1.60
1.78

1.02
.94
.92
.91
.02
.04
.09
1.16
.21
1.24
.23
1.38

1.20
1.12
[.09
1.05
.18
1.22
1.28
1.35
1.41
1.44
1.37
1.53

.53
1.41
1.36
1.31
.44
1.48
1.55
1.63
1.68
1.72
1.68
1.88

.79
1.67
1.61
L.59
1.74
1.79
1.91
2.00
2.08
2.15
2.12
2.34

2.52
2.46
2.44
2.44
2.49
2.47
2.48
2.51
2.55
2.58
2.58
2.60

2.73
2.68
2.66
2.67
2.71
2.71
2.71
2.73
2.79
2.82
2.82
2.83

2.54
2.48
2.47
2.46
2.51
2.49
2.48
2.51
2.58
2.60
2.59
2.61

2.62
2.56
2.54
2.56
2.58
2.59
2.59
2.62
2.68
2.70
2.69
2.69

2.73
2.70
2.69
2.69
2.73
2.73
2.72
2.74
2.80
2.84
2.84
2.83

3.01
2.95
2.94
2.96
3.02
3.03
3.03
3.03
3.10
3.15
3.17
3.17

2.57
2.54
2.54
2.57
2.60
2.59
2.58
2.58
2.64
2.65
2.66
2.66

2.89
2.83
2.80
2.78
2.84
2.85
2.86
2.89
2.98
3.05
3.05
3.04

2.71
2.65
2.64
2.65
2.69
2.70
2.69
2.70
2.75
2.76
2.77
2.77

1947—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

2.21
2.21
2.19
2.19
2.19
2.22
2.25
2.24
2.24
2.27
2.36
2.39

1.92
1.99
2.02
.98
1.95
1.92
1.91
1.93
1.92
2.02
2.18
2.35

1.75
1.79
1.87
1.78
1.77
1.75
1.73
1.78
1.79
1.87
2.03
2.18

1.35
L.39
1.46
1.41
.42
1.40
1.39
L.43
1.42
1.50
1.59
1.69

1.49
1.54
1.62
1.55
1.54
1.50
1.48
1.53
1.53
1.60
1.76
1.91

1.84
1.88
1.96
1.86
1.84
1.82
1.83
1.89
1.91
1.99
2.17
2.33

2.30
2.35
2.43
2.31
2.29
2.26
2.23
2.26
2.29
2.40
2.59
2.78

2.54
2.54
2.53
2.51
2.51
2.52
2.52
2.52
2.55
2.67
2.74
2.83

2.79
2.78
2.79
2.78
2.79
2.81
2.80
2.80
2.85
2.95
3.02
3.12

2.57
2.55
2.55
2.53
2.53
2.55
2.55
2.56
2.61
2.70
2.77
2.86

2.65
2.64
2.64
2.63
2.63
2.64
2.64
2.64
2.69
2.79
2.85
2.94

2.79
2.79
2.80
2.81
2.82
2.83
2.82
2.81
2.86
2.95
3.01
3.16

3.13
3.12
3.15
3.16
3.17
3.21
3.18
3.17
3.23
3.35
3.44
3.52

2.63
2.61
2.61
2.60
2.60
2.60
2.62
2.63
2.67
2.76
2.84
2.92

3.00
3.00
3.02
3.03
3.05
3.10
3.06
3.03
3.09
3.22
3.30
3.42

2.73
2.72
2.73
2.71
2.71
2.72
2.72
2.72
2.78
2.87
2.93
3.02




11.

BOND YIELDS, BY TYPE OF SECURITY — Continued
A. ANNUALLY AND MONTHLY, 1941-63 — Continued
[Per cent per annum]

Government bonds

Corporate bonds

State and local
Month

United
States
(longterm)

Moody's

Moody's
Standard
and
Poor's

Total

Aaa

Aa

A

Baa

Standard
and
Poor's
AAA

By group

By rating
Total
Aaa

Aa

A

Baa

Industrial

Railroad

Public
utility

1948—Jan..
Feb..
Mar..
Apr..
May.
June.
July.,
Aug..
Sept.,
Oct..
Nov.,
Dec.

2.45
2.45
2.44
2.44
2.42
2.41
2.41
2.45
2.45
2.45
2.44
2.44

2.45
2.55
2.52
2.38
2.31
2.26
2.33
2.45
2.46
2.45
2.42
2.26

2.28
2.42
2.44
2.35
2.29
2.23
2.27
2.34
2.39
2.40
2.32
2.22

1.76
1.88
1.96
1.92
1.87
1.81
1.85
1.90
1.93
1.93
1.86
1.75

2.02
2.17
2.18
2.05
1.96
1.90
1.93
2.01
2.07
2.07
1.96
1.85

2.45
2.59
2.58
2.53
2.49
2.42
2.48
2.56
2.60
2.62
2.58
2.47

2.89
3.03
3.02
2.92
2.85
2.79
2.80
2.87
2.94
2.96
2.89
2.80

2.81
2.82
2.80
2.77
2.75
2.74
2.79
2.84
2.84
2.84
2.84
2.79

3.12
3.12
3.10
3.05
3.02
3.00
3.04
3.09
3.09
3.11
3.12
3.09

2.86
2.85
2.83
2.78
2.76
2.76
2.81
2.84
2.84
2.84
2.84
2.79

2.94
2.93
2.90
2.87
2.86
2.85
2.89
2.94
2.93
2.94
2.92
2.88

3.17
3.17
3.13
3.08
3.06
3.03
3.07
3.13
3.13
3.15
3.18
3.16

3.52
3.53
3.53
3.47
3.38
3.34
3.37
3.44
3.45
3.50
3.53
3.5,3

2.91
2.90
2.89
2.85
2.82
2.80.
2.84
2.89
2.88
2.90
2.89
2.85

3.44
3.43
3.40
3.34
3.27
3.23
3.26
3.31
3.32
3.35
3.37
3.36

3.03
3.03
3.01
2.97
2.95
2.96
3.02
3.07
3.07
3.07
3.09
3.06

1949—Jan..
Feb..
Mar.
May.'
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

2.42
2.39
2.38
2.38
2.38
2.38
2.27
2.24
2.22
2.22
2.20
2.19

2.15
2.23
2.21
2.20
2.20
2.28
2.26
2.20
2.22
2.21
2.17
2.13

2.11
2.17
2.18
2.17
2.16
2.22
2.17
2.14
2.15
2.15
2.11
2.07

1.64
1.70
1.69
1.64
1.63
1.71
1.66
1.63
1.64
1.65
1.63
1.61

1.82
1.89
1.89
1.89
1.90
1.98
1.94
1.93
1.94
1.95
1.89
1.86

2.33
2.40
2.41
2.43
2.42
2.48
2.40
2.38
2.37
2.35
2.33
2.29

2.66
2.70
2.73
2.71
2.68
2.72
2.66
2.63
2.65
2.64
2.58
2.53

2.71
2.70
2.70
* 2.69
2.69
2.69
2.65
2.60
2.58
2.59
2.58
2.56

3.02
3.00
3.00
3.00
3.00
3.00
2.98
2.92
2.90
2.90
2.89
2.86

2.71
2.71
2.70
2.70
2.71
2.71
2.67
2.62
2.60
2.61
2.60
2.58

2.81
2.80
2.79
2.79
2.78
2.78
2.75
2.71
2.69
2.70
2.68
2.67

3.08
3.05
3.05
3.05
3.04
3.04
3.03
2.96
2.95
2.94
2.93
2.89

3.46
3.45
3.47
3.45
3.45
3.47
3.46
3.40
3.37
3.36
3.35
3.31

2.80
2.79
2.78
2.78
2.78
2.78
2.75
2.70
2.68
2.68
2.67
2.65

3.26
3.24
3.27
3.27
3.26
3.29
3.29
3.21
3.19
3.20
3.20
3.14

2.99
2.99
2.97
2.96
2.95
2.93
2.89
2.86
2.84
2.83
2.81
2.79

1950—Jan..
Feb..
Mar.
Apr.,
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec

2.20
2.24
2.27
2.30
2.31
2.33
2.34
2.33
2.36
2.38
2.38
2.39

2.08
2.06
2.07
2.08
2.07
2.09
2.09
1.90
1.88
1.82
1.79
1.77

2.03
2.02
2.02
2.03
2.04
2.05
2.03
1.85
1.84
.78
.77
.78

1.61
1.61
1.62
1.63
1.65
1.66
1.66
1.52
1.50
1.44
1.42
1.42

1.82
1.83
1.84
1.87
1.88
1.88
1.87
1.66
1.67
1.61
1.58
1.60

2.23
2.20
2.20
2.21
2.23
2.23
2.21
1.99
2.00
1.93
1.92
1.92

2.46
2.43
2.40
2.40
2.41
2.42
2.39
2.21
2.20
2.15
2.15
2.17

2.55
2.55
2.55
2.56
2.58
2.59
2.61
2.58
2.60
2.63
2.64
2.63

2.83
2.83
2.84
2.84
2.86
2.87
2.90
2.85
2.86
2.88
2.88
2.88

2.57
2.58
2.58
2.60
2.61
2.62
2.65
2*61
2.64
2.67
2.67
2.67

2.65
2.65
2.66
2.66
2.69
2.69
2.72
2.67
2.71
2.72
2.72
2.72

2.85
2.86
2.86
2.86
2.88
2.90
2.92
2.87
2.88
2.91
2.92
2.91

3.24
3.24
3.24
3.23
3.25
3.28
3.32
3.23
3.21
3.22
3.22
3.20

2.63
2.63
2.64
2.64
2.65
2.66
2.69
2.66
2.68
2.70
2.70
2.70

3.07
3.08
3.08
3.08
3.12
3.15
3.19
3.08
3.07
3.09
3.08
3.07

2.79
2.78
2.78
2.79
2.81
2.81
2.83
2.80
2.84
2.85
2.86
2.87

1951—Jan..
Feb..
Mar.
Apr.
May.
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec

2.39
2.40
2.47
2.56
2.63
2.65
2.63
2.57
2.56
2.61
2.66
2.70

1.62
1.61
1.87
2.05
2.09
2.22
2.18
2.04
2.05
2.08
2.07
2.10

1.64
1.60
.77
1.97
2.04
2.23
2.23
2.03
2.01
2.08
2.08
2.12

1.31
1.30
1.45
1.61
1.66
1.78
1.78
1.65
1.65
1,69
1.69
1.72

1.43
1.38
1.59
1.79
1.85
2.03
2.04
1.86
1.83
1.87
1.85
1.89

1.78
1.73
1.91
2.12
2.23
2.44
2.42
2.22
2.21
2.30
2.30
2.33

2.05
1.99
2.17
2.35
2.41
2.67
2.67
2.38
2.35
2.44
2.47
2.53

2.62
2.63
2.73
2.83
2.85
2.90
2.92
2.87
2.82
2.88
2.98
3.01

2.86
2.85
2.96
3.07
3.09
3.16
3.17
3.12
3.08
3.13
3.20
3.21

2.66
2.66
2.78
2.87
2.89
2.94
2.94
2.88
2.84
2.89
2.96
3.01

2.71
2.71
2.82
2.93
2.93
2.99
2.99
2.92
2.88
2.93
3.02
3.06

2.89
2.88
3.00
3.11
3.15
3.21
3.23
3.17
3.15
3.18
3.26
3.31

3.17
3.16
3.23
3.35
3.40
3.49
3.53
3.50
3.46
3.50
3.56
3.61

2.69
2.69
2.81
2.89
2.90
2.96
2.97
2.92
2.89
• 2.93
2.97
3.00

3.03
3.01
3.09
3.24
3.28
3.33
3.36
3.31
3.27
3.31
3.42
3.50

2.85
2.86
2.95
3.07
3.10
3.18
3.19
3.13
3.09
3.14
3.21
3.24




1952—Jan....
Feb.. .
Mar...
Apr...
May..
June..
July...
Aug...
Sept...
Oct...
Nov..,
Dec.. .

2.74
2.71
2.70
2.64
2.57
2.61
2.61
2.70
2.71
2.74
2.71
2.75

2.10
2.04
2.07
2.01
2.05
2.10
2.12
2.22
2.33
2.42
2.40
2.40

2.14
2.10
2.09
2.04
2.05
2.14
2.17
2.23
2.35
2.43
2.41
2.44

.74
1.72
1.72
1.68
1.67
.73
.76
1.78
1.91
L.99
1.98
1.96

1.92
1.90
1.87
1.83
1.83
1.93
1.96
2.03
2.14
2.19
2.18
2.22

2.30
2.25
2.24
2.15
2.17
2.25
2.29
2.38
2.51
2.61
2.59
2.66

2.58
2.55
2.54
2.50
2.54
2.63
2.67
2.74
2.84
2.94
2.90
2.92

2.96
2.91
2.95
2.92
2.92
2.93
2.94
2.95
2.96
3.02
2.98
2.98

3.24
3.18
3.19
3.16
3.16
3.17
3.17
3.18
3.19
3.22
3.20
3.19

2.98
2.93
2.96
2.93
2.93
2.94
2.95
2.94
2.95
3.01
2.98
2.97

3.05
3.01
3.03
3.01
3.00
3.03
3.04
3.06
3.07
3.08
3.06
3.05

3.33
3.25
3.24
3.20
3.20
3.20
3.19
3.21
3.22
3.24
3.24
3.22

3.50
3.53
3.51
3.50
3.49
3.50
3.50
3.51'
3.52
3.54
3.53
3.51

3.00
2.97
2.99
2.97
2.97
2.98
2.99
3.00
3.20
3.05
3.05
3.04

3.48
3.38
3.36
3.32
3.31
3.32
3.33
3.34
3.36
3.39
3.37
3.34

3.23
3.19
3.21
3.19
3.19
3.20
3.20
3.20
3.20
3.22
3.19
3.19

1953—Jan...
Feb...
Mar..
Apr..
May. .
June..
July..
Aug..
Sept..
Oct...
Nov..,
Dec..

2.80
2.83
2.89
2.97
3.12
3.13
3.04
3.05
3.01
2.87
2.86
2.79

2.47
2.54
2.61
2.63
2.73
2.99
2.99
2.89
2.88
2.72
2.62
2.59

2.52
2.65
2.76
2.76
2.84
3.12
3.03
2.99
2.99
2.83
2.64
2.67

2.04
2.14
2.21
2.20
2.32
2.64
2.56
2.48
2.49
2.33
2.15
2.18

2.30
2.41
2.49
2.50
2.58
2.86
2.80
2.70
2.68
2.50
2.31
2.31

2.73
2.88
3.00
3.00
3.07
3.30
3.17
3.16
3.18
2.99
2.78
2.83

3.02
3.17
3.33
3.35
3.42
3.67
3.60
3.60
3.62
3.49
3.33
3.34

3.03
3.06
3.10
3.20
3.33
3.39
3.27
3.22
3.26
3.15
3.08
3.09

3.22
3.26
3.31
3.40
3.53
3.61
3.55
3.51
3.54
3.45
3.38
3.39

3.02
3.07
3.12
3.23
3.34
3.40
3.28
3.24
3.29
3.16
3.11
3.13

3.09
3.14
3.13
3.29
3.41
3.50
3.42
3.39
3.43
3.33
3.27
3.28

3.25
3.30
3.36
3.44
3.58
3.67
3.62
3.56
3.56
3.47
3.40
3.40

3.51
3.53
3.57
3.65
3.78
3.86
3.86
3.85
3.88
3.82
3.75
3.74

3.07
3.11
3.16
3.27
3.39
3.48
3.42
3.37
3.39
3.33
3.27
3.28

3.36
3.39
3.43
3.51
3.63
3.73
3.67
3.61
3.65
3.56
3.51
3.52

3.23
3.29
3.33
3.44
3.57
3.62
3.56
3.54
3.58
3.46
3.38
3.37

1954—Jan...
Feb..,
Mar..
Apr..
May.,
June.,
July..
Aug..
Sept..
Oct...
Nov..
Dec.

2.69
2.62
2.53
2.48
2.54
2.55
2.47
2.48
2.52
2.54
2.57
2.59

2.50
2.39
2.38
2.47
2.49
2.48
2.31
2.23
2.29
2.32
2.29
2.33

2.62
2.54
2.50
2.56
2.59
2.59
2.39
2.31
2.34
2.37
2.34
2.40

2.12
2.06
2.04
2.15
2.18
2.17
1.98
1.90
1.93
1.97
1.95
2.01

2.28
2.21
2.18
2.26
2.29
2.29
2.11
2.00
2.04
2.06
2.05
2.13

2.79
2.70
2.63
2.67
2.67
2.66
2.46
2.38
2.42
2.44
2.39
2.48

3.27
3.19
3.13
3.17
3.20
3.22
3.00
2.94
2.98
3.00
2.96
2.99

3.02
2.91
2.82
2.81
2.85
2.87
2.85
2.83
2.84
2.85
2.86
2.88

3.34
3.23
3.14
3.12
3.13
3.16
3.15
3.14
3.13
3.13
3.13
3.13

3.06
2.95
2.86
2.85
2.88
2.90
2.89
2.87
2.89
2.87
2.89
2.90

3.22
3.12
3.03
3.00
3.03
3.06
3.04
3.03
3.04
3.04
3.04
3.04

3.35
3.25
3.16
3.15
3.15
3.18
3.17
3.15
3.13
3.14
3.13
3.14

3.71
3.61
3.51
3.47
3.47
3.49
3.50
3.49
3.47
3.46
3.45
3.45

3.23
3.12
3.05
3.04
3.06
3.10
3.10
3.07
3.07
3.06
3.06
3.07

3.47
3.35
3.24
3.19
3.21
3.23
3.23
3.21
3.22
3.23
3.22
3.23

3.31
3.23
3.14
3.13
3.13
3.15
3.13
3.12
3.13
3.11
3.10
3.10

1955—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

2.68
2.77
2.78
2.82
2.81
2.82
2.91
2.95
2.92
2.87
2.89
2.91

2.39
2.42
2.45
2.43
2.41
2.48
2.62
2.67
2.63
2.56
2.55
2.71

2.48
2.49
2.49
2.50
2.48
2.49
2.62
2.69
2.70
2.64
2.60
2.70

2.09
2.10
2.09
2.08
2.06
2.09
2.23
2.33
2.31
2.25
2.20
2.29

2.23
2.25
2.25
2.26
2.24
2.24
2.36
2.43
2.43
2.36
2.31
2.46

2.55
2.57
2.56
2.57
2.55
2.56
2.70
2.78
2.80
2.73
2.69
2.81

3.04
3.05
3.07
3.08
3.07
3.08
3.17
3.22
3.24
3.22
3.20
3.25

2.90
2.95
2.98
2.98
3.02
3.03
3.04
3.11
3.12
3.09
3.08
3.16

3.15
3.18
3.20
3.21
3.23
3.23
3.24
3.29
3.31
3.30
3.29
3.33

2.93
2.93
3.02
3.01
3.04
3.05
3.06
3.11
3.13
3.10
3.10
3.15

3.06
3.10
3.13
3.13
3.15
3.14
3.14
3.20
3.22
3.19
3.18
3.22

3.15
3.17
3.18
3.19
3.21
3.22
3.24
3.28
3.31
3.30
3.29
3.33

3.45
3.47
3.48
3.49
3.50
3.51
3.52
3.56
3.59
3.59
3.58
3.62

3.08
3.12
3.14
3.14
3.17
3.18
3.18
3.25
3.25
3.23
3.22
3.26

3.25
3.28
3.31
3.30
3.32
3.31
3.32
3.36
3.40
3.38
3.38
3.42

3.12
3.15
3.17
3.17
3.19
3.21
3.22
3.26
3.29
3.27
3.28
3.31

1956—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

2.88
2.85
2.93
3.07
2.97
2.93
3.00
3.17
3.21
3.20
3.30
3.40

2.64
2.58
2.69
2.88
2.86
2.75
2.78
2.94
3.07
3.14
3.38
3.44

2.69
2.63
2.67
2.84
2.83
2.71
2.79
2.94
3.06
3.12
3.39
3.57

2.27
2.19
2.24
2.43
2.46
2.34
2.40
2.53
2.63
2.66
2.87
3.04

2.46
2.40
2.44
2.61
2.62
2.52
2.58
2.71
2.85
2.93
3.16
3.32

2.78
2.73
2.77
2.92
2.88
2.74
2.82
2.98
3.14
3.21
3.53
3.72

3.24
3.21
3.24
3.38
3.37
3.26
3.34
3.52
3.60
3.67
3.98
4.19

3.10
3.07
3.11
3.23
3.27
3.28
3.30
3.42
3.59
3.63
3.74
3.80

3.30
3.28
3.30
3.41
3.46
3.46
3.50
3.62
3.75
3.82
3.90
3.89

3.11
3.08
3.10
3.24
3.28
3.26
3.28
3.43
3.56
3.59
3.69
3.75

3.19
3.16
3.13
3.30
3.34
3.35
3.39
3.50
3.63
3.69
3.76
3.85

3.30
3.28
3.30
3.41
3.47
3.48
3.52
3.63
3.73
3.81
3.90
3.98

3.60
3.58
3.60
3.68
3.73
3.76
3.80
3.93
4.07
4.17
4.24
4.37

3.23
3.20
3.24
3.37
3.40
3.39
3.42
3.55
3.68
3.75
3.82
3.95

3.40
3.37
3.37
3.47
3.53
3.55
3.59
3.72
3.83
3.89
4.01
4.08

3.28
3.26
3.27
3.38
3.44
3.44
3.48
3.60
3.73
3.82
3.86
3.93




11.

BOND YIELDS, BY TYPE OF SECURITY — Continued
A. ANNUALLY AND MONTHLY, 1941-63 — Continued
[Per cent per annum]
Corporate bonds

Government bonds
State and local
Month

1957 Jan
Feb
Mar
Apr

May
June
July
AUE

Sept
Oct
Nov

Dec

1958—Jan
Feb
Mar
Apr . .
May
June .
July
Aug
Sent
Oct
Nov
Dec

1959 Jan .
Feb
Mar
Apr .
May
June
July
Aug

Sept
Oct
Nov

Dec

I960—Jan
Feb

Mar

Apr

May. . .
June
July
Aug
Sept
Oct

Nov

Dec .



United
States
(longterm)

Moody's
Standard

Moody's

and

By rating

Standard
and
Poor's

Total

Aaa

Aa

A

Baa

3.34
3.22
3.26
3.32
3.40
3.58
3.60
3.63
3.66
3.73
3.57
3.30

3.40
3.26
3.32
3.33
3.52
3.75
3.75
3.91
3.90
3.79
3.76
3.47

3.51
3.29
3.36
3.35
3 48
3.65
3.65
3.84
3.89
3.74
3 67
3.33

2.99
2.79
2.88
2.88
3 00
3.19
3.17
3 37
3.43
3.31
3 24
2.92

3.24
3.05
3.15
3.15
3.26
3.41
3.41
3.64
3.68
3.50
3.42
3.05

3.64
3.37
3.42
3.43
3.54
3.69
3.73
3.90
3.96
3.78
3 68
3.33

4.16
3.96
3.97
3.95
4.10
4.32
4.29
4.43
4.49
4.38
4.35
4.00

3.80
3 70
3.69
3.70
3 77
3.93
4.01
4 13
4.15
4.13
4 12
3.81

4.04
3.99
3.97
3.96
4.02
4.15
4.26
4 37
4.44
4.46
4 49
4.31

3.24
3.26
3.25
3.12
3.14
3.19
3.36
3.60
3.75
3.76
3.70
3.80

3.32
3.37
3.45
3.31
3.25
3.26
3.45
3.74
3.96
3.94
3.84
3.84

3.17
3.15
3.23
3.16
3.12
3 15
3.23
3.50
3 74
3.69
3.59
3.57

2.75
2.72
2.79
2.70
2.69
2 74
2.79
3.07
3 28
3.23
3.17
3.12

2.94
2.96
3.04
3.00
2.95
2.96
3.03
3.31
3.58
3.51
3.38
3.35

3.18
3.13
3.22
3.17
3.12
3 15
3.24
3.56
3 80
3.76
3.69
3.68

3.81
3.79
3.88
3.78
3.71
3.78
3.83
4.07
4.32
4.25
4.11
4.10

3 59
3.60
3.64
3 63
3.61
3 61
3.70
3.86
4 08
4.14
4.09
4.10

3.90
3.92
3.92
4.01
4.08
4 09
4.11
4 10
4.26
4.11
4.12
4.27

3.87
3.85
3.76
3.84
3.97
4 04
4.04
3 96
4.13
3.99
3.94
4.05

3 60
3.57
3.44
3 53
3.70
3 80
3.92
3 84
3.95
3.90
3 81
3.84

3 19
3.16
3.06
3.12
3.29
3 37
3.51
3 44
3 60
3.57
3 44
3.43

3.40
3.38
3.23
3.34
3.54
3 64
3.75
3 63
3.78
3.71
3 59
3.62

3 68
3.66
3.55
3 64
3.81
3 90
3.99
3 91
3.99
3.96
3 90
3.93

4.11
4.08
3.93
4.02
4.20
4 28
4.43
4 36
4.42
4.38
4.30
4.37

4.37
4.22
4.0«
4 17
4.16
3 99
3.86
3.79
3.82
3 91
3.93
3.88

4.13
3 97
3.87
3 84
3.85
3 78
3.72
3.53
3.53
3 59
3.46
3.45

3.92
3 84
3.77
3 72
3.75
3 74
3.73
3.57
3 55
3 64
3.57
3.53

3.49
3 40
3.34
3 30
3.34
3 33
3.31
3.10
3 09
3 20
3.14
3.12

3.73
3 66
3.60
3 55
3.55
3 53
3.52
3.37
3.37
3 49
3.42
3.35

4.02
3 93
3.84
3 77
3.81
3 82
3.84
3.66
3.63
3 70
3.63
3.60

4.43
4 35
4.29
4 24
4.31
4 27
4.26
4.15
4.09
4 16
4.09
4.03

Poor's
AAA

By group

Total
Aaa

Aa

A

Baa

Industrial

Railroad

Public
utility

3.77
3.67
3.66
3.67
3.74
3.91
3.99
4.10
4.12
4.10
4.08
3.81

3.89
3.83
3.80
3.79
3.83
3.98
4.10
4.21
4.26
4.28
4.29
4.08

4.01
3.99
3.97
3.95
3.99
4.09
4.20
4.35
4.43
4.46
4.50
4.31

4.49
4.47
4.43
4.44
4.52
4.63
4.73
4.82
4.93
4.99
5.09
5.03

4.02
3.94
3.90
3.89
3.96
4.14
4.19
4.29
4.31
4.32
4.34
4.11

4.12
4.06
4.04
4.06
4.13
4.26
4.39
4.49
4.56
4.57
4.65
4.53

3.98
3.97
3.95
3.94
3.98
4.06
4.19
4.33
4.45
4.48
4.49
4.29

4 06
4.01
4.04
4 02
4.00
3 98
4 02
4.17
4 39
4 42
4.40
4.38

3.60
3.59
3.63
3.60
3.57
3.57
3.67
3.85
4.09
4.11
4.09
4.08

3.81
3.77
3.78
3.78
3.78
3.78
3.83
3.98
4.20
4.21
4.21
4.18

4.01
4.00
4.06
4.01
4.02
4.00
4.04
4.19
4.40
4.45
4.43
4.42

4.83
4.66
4.68
4.67
4.62
4.55
4.53
4.67
4.87
4.92
4.87
4.85

3.91
3.86
3.86
3.83
3.80
3.77
3.81
3.94
4.24
4.25
4.23
4.24

4.30
4.29
4.30
4.32
4.30
4.28
4.30
4.42
4.52
4.56
4.56
4.52

3.99
3.87
3.95
3.90
3.89
3.88
3.94
4.16
4.41
4.46
4.40
4.39

4 14
4.15
4.13
4 23
4.38
4 46
4.47
4 44
4 54
4.55
4 55
4.59

4 41
4.43
4.40
4 47
4.60
4 69
4 72
4 71
4 82
4.87
4 85
4.87

4.12
4.14
4.13
4.23
4.37
4.46
4.47
4 43
4.52
4.57
4.56
4.58

4.22
4.24
4.23
4.32
4.46
4.56
4.58
4.58
4.69
4.76
4.70
4.74

4.43
4.43
4.40
4.45
4.61
4.71
4.75
4.74
4.87
4.87
4.86
4.89

4.87
4.89
4.85
4.86
4.96
5.04
5.08
5.09
5.18
5.28
5.26
5.28

4.28
4.31
4.28
4.35
4.46
4.55
4.58
4.56
4.68
4.70
4.69
4.70

4.53
4.51
4.51
4.56
4.67
4.76
4.79
4.80
4.88
4.96
4.99
5.05

4.43
4.46
4.43
4.49
4.67
4.77
4.79
4.77
4.89
4.95
4.86
4.86

4.62
4 55
4.47
4 44
4.45
4 44
4.39
4.27
4.24
4 30
4.34
4.37

4.91
4 88
4.81
4 76
4.80
4 78
4.74
4.61
4 58
4 63
4.64
4.66

4.61
4.56
4.49
4 45
4.46
4 45
4.41
4.28
4.25
4.30
4.31
4.35

4.77
4.71
4.62
4.58
4.61
4.60
4.56
4.44
4.41
4.44
4.47
4.50

4.93
4.92
4.86
4.79
4.84
4.81
4.77
4.65
4.63
4.67
4.69
4.71

5.34
5.34
5.25
5.20
5.28
5.26
5.22
5.08
5.01
5.11
5.08
5.10

4.74
4.71
4.64
4.61
4.65
4.64
4.61
4.49
4.46
4.50
4.51
4.55

5.08
5.05
4.99
4.97
4.98
4.94
4.90
4.82
4.78
4.84
4.85
4.87

4.92
4.89
4.79
4.70
4.76
4.76
4.71
4.53
4.48
4.56
4.56
4.58

.

1961—Jan..
Feb..
Mar.,
Apr..
May.
June.
July.,
Aug.,
Sept.,
Oct..
Nov.
Dec.

3.89
3.81
3.78
3.80
3.73
3.88
3.90
4.00
4.02
3.98
3.98
4.06

3.44
3.33
3.38
3.44
3.38
3.53
3.53
3.55
3.54
3.46
3.44
3.49

3.56
3.54
3.60
3.61
3.57
3.63
3.63
3.62
3.64
3.59
3.57
3.63

3.15
3.14
3.23
3.27
3.25
3.35
3.35
3.33
3.33
3.28
3.27
3.32

3.37
3.35
3.42
3.48
3.45
3.52
3.50
3.51
3.51
3.45
3.42
3.51

3.66
3.59
3.65
3.66
3.62
3.68
3.71
3.70
3.70
3.64
3.62
3.63

4.06
4.06
4.11
4.01
3.95
3.97
3.94
3.96
4.02
3.98
3.96
4.04

4.33
4.28
4.22
4.27
4.30
4.38
4.42
4.46
4.47
4.41
4.39
4.42

4.65
4.59
4.54
4.56
4.58
4.63
4.70
4.73
4.74
4.73
4.70
4.71

4.32
4.27
4.22
4.25
4.27
4.33
4.41
4.45
4.45
4.42
4.39
4.42

4.48
4.40
4.33
4.37
4.41
4.45
4.53
4.57
4.59
4.56
4.54
4.56

4.69
4.63
4.57
4.59
4.63
4.69
4.75
4.80
4.81
4.79
4.75
4.74

5.10
5.07
5.02
5.01
5.01
5.03
5.09
5.11
5.12
5.13
5.11
5.10

4.52
4.46
4.40
4.45
4.48
4.54
4.59
4.61
4.61
4.60
4.58
4.59

4.86
4.82
4.78
4.75
4.77
4.83
4.89
4.92
4.94
4.92
4.89
4.91

4.57
4.51
4.43
4.46
4.49
4.52
4.60
4.67
4.67
4.66
4.63
4.62

1962—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

4.08
4.09
4.01
3.89
3.88
3.90
4.02
3.97
3.94
3.89
3.87
3.87

3.32
3.28
3.19
3.08
3.09
3.24
3.30
3.31
3.18
3.03
3.03
3.12

3.55
3.40
3.30
3.21
3.21
3.31
3.37
3.38
3.28
3.21
3.15
3.22

3.21
3.08
3.03
2.98
2.98
3.06
3.10
3.10
3.01
2.94
2.89
2.93

3.44
3.28
3.19
3.11
3.09
3.16
3.24
3.23
3.12
3.04
3.00
3.09

3.54
3.40
3.31
3.21
3.21
3.35
3.41
3.44
3.33
3.23
3.18
3.27

4.01
3.83
3.66
3.55
3.55
3.65
3.72
3.74
3.66
3.62
3.53
3.57

4.39
4.40
4.36
4.30
4.25
4.27
4.31
4.32
4.28
4.20
4.20
4.20

4.70
4.70
4.67
4.63
4.58
4.59
4.63
4.64
4.61
4.57
4.55
4.52

4.42
4.42
4.39
4.33
4.28
4.28
4.34
4.35
4.32
4.28
4.25
4.24

4.55
4.56
4.53
4.49
4.43
4.44
4.49
4.49
4.46
4.41
4.40
4.38

4.74
4.74
4.71
4.66
4.62
4.62
4.65
4.66
4.62
4.61
4.59
4.54

5.08
5.07
5.04
5.02
5.00
5.02
5.05
5.06
5.03
4.99
4.96
4.92

4.57
4.57
4.52
4.46
4.42
4.45
4.52
4.51
4.45
4.40
4.39
4.40

4.92
4.90
4.88
4.86
4.83
4.86
4.90
4.90
4.88
4.85
4.83
4.76

4.61
4.62
4.60
4.56
4.50
4.47
4.48
4.50
4.49
4.46
4.42
4.41

1963—Jan..
Feb..
Mar.
Apr.,
May.
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec

3.88
3.92
3.93
3.97
3.97
4.00
4.01
3.99
4.04
4.07
4.10
4.14

3.12
3.18
3.11
3.11
3.15
3.27
3.29
3.22
3.27
3.32
3.41
3.34

3.22
3.24
3.21
3.21
3.21
3.31
3.31
3.28
3.31
3.33
3.36
3.33

2.95
2.99
2.97
2.97
2.99
3.09
3.10
3.09
3.13
3.15
3.17
3.12

3.08
3.11
3.08
3.07
3.09
3.19
3.19
3.16
3.20
3.22
3.26
3.23

3.26
3.28
3.24
3.24
3.24
3.33
3.31
3.30
3.33
3.33
3.39
3.35

3.56
3.57
3.56
3.55
3.54
3.62
3.60
3.59
3.58
3.59
3.62
3.61

4.18
4.16
4.16
4.20
4.21
4.22
4.25
4.26
4.30
4.31
4.31
4.35

4.49
4.48
4.47
4.47
4.48
4.47
4.49
4.50
4.52
4.52
4.54
4.55

4.21
4.19
4.19
4.21
4.22
4.23
4.26
4.29
4.31
4.32
4.33
4.35

4.37
4.36
4.34
4.35
4.36
4.36
4.39
4.40
4.41
4.43
4.44
4.46

4.48
4.46
4.45
4.46
4.46
4.45
4.47
4.48
4.50
4.51
4.54
4.54

4.91
4.89
4.88
4.87
4.85
4.84
4.84
4.83
4.84
4.83
4.84
4.85

4.38
4.37
4.38
4.40
4.40
4.40
4.43
4.45
4.46
4.47
4.47
4.48

4.72
4.69
4.65
4.63
4.63
4.61
4.62
4.63
4.65
4.66
4.68
4.68

4.38
4.37
4.38
4.39
4.39
4.40
4.42
4.42
4.44
4.44
4.45
4.49







11.

BOND YIELDS, BY TYPE OF SECURITY — Continued
B. WEEKLY, 1941-63
[Per cent per annum]
Corporate bonds

Government bonds

Moody's

State
and
local
(Standard
and
Poor's)

Standard
and
Poor's
AAA

2.04
2.09
2 11
2.15

2.06
2.17
2 14
2.17

2.88
2.87
2 86
2.86

2 17
2.21
2.23
2.24

2 15
2 21
2.22
2.32

Mar 1
8
15
22
29

2.18
2 17
2 11
2.08
2.10

Apr 5
12
19
26

Week ending—

United
States
(longterm)

By rating

By group

Total
Aaa

Aa

A

Baa

Industrial

Railroad

Public
utility

3.36
3.37
3.36
3.36

2.72
2.75
2.74
2.76

2.91
2.94
2.95
2.96

3.36
3.37
3.36
3.36

4.43
4.41
4.38
4.37

2.92
2.95
2.96
2.97

4.00
3.99
3.96
3.95

3.14
3.16
3.16
3.17

2 88
2.87
2.89
2.88

3.36
3.38
3.39
3.42

2.76
2.76
2.76
2.79

2.96
2.98
2.99
3.02

3.36
3.38
3.37
3.39

4.36
4.40
4.41
4.46

2.97
2.99
2.99
3.02

3.94
3.97
3.98
4.03

3.17
3.18
3.19
3.20

2.32
2 31
2 31
2.26
2.22

2.89
2 89
2.88
2.91
2.93

3.41
3.39
3.38
3.38
3.40

2.79
2.78
2.78
2.78
2.83

3.01
3.00
3.00
2.99
3.04

3.38
3.37
3.36
3.36
3.38

4.44
4.41
4.39
4.36
4.35

3.02
3.01
3.00
2.99
3.05

4.02
4.00
3.98
3.97
3.97

3.18
3.17
3.17
3.16
3.18

2.12
2 13
2.08
2.02

2.23
2 22
2 21
2.18

2.92
2 93
2 91
2.90

3.39
3.40
3.41
3.39

2.82
2.82
2.83
2.82

3.05
3.04
3.05
3.02

3.38
3.38
3.39
3.37

4.33
4.34
4.35
4.34

3.06
3.06
3.07
3.05

3.95
3.96
3.97
3.97

3.17
3.17
3.17
3.15

May 3
10
17
24
31

2 02
2 04
2 04
2.06
2.02

2 18
2 17
2 14
2 12
2.11

2.88
2 89
2 87
2.88
2.87

3.38
3.37
3.36
3.37
3.37

2.81
2.81
2.82
2.82
2.82

3.01
3.00
2.99
2.99
2.99

3.36
3.34
3.34
3.34
3.33

4.32
4.31
4.31
4.32
4.33

3.04
3.02
3.02
3.02
3.01

3.95
3.94
3.94
3.95
3.96

3.14
3.14
3.13
3.13
3.13

June 7
14
21
28

2.03
2 02
2 02
1.99

2.08
2 08
2 08
2.07

2.86
2 86
2 85
2.83

3.36
3.35
3.33
3.32

2.81
2.78
2.77
2.75

2.98
2.96
2.94
2.92

3.33
3.32
3.31
3.29

4.33
4.32
4.31
4.29

3.01
2.97
2.96
2.93

3.96
3.95
3.95
3.94

3.12
3.11
3.09
3.08

July 5
12
19
26

1.98
1 99
1 99
1.98

2.05
2 03
2.04
2.03

2.83
2 82
2.82
2.82

3.31
3.30
3.30
3.29

2.75
2.74
2.74
2.74

2.92
2.91
2.90
2.90

3.28
3.27
3.26
3.25

4.30
4.29
4.28
4.27

2.92
2.91
2.90
2.90

3.94
3.94
3.93
3.92

3.08
3.08
3.07
3.06

1 97
2 01
2 04
2 02
2.00

2 00
1.98
2 01
2 01
2.01

2 80
2 81
2 81
2 79
2.79

3 29
3.28
3 29
3.30
3.29

2 74
2.74
2.75
2.75
2.74

2.89
2.89
2.90
2.91
2.91

3.25
3.25
3.25
3.24
3.24

4.27
4.26
4.27
4.29
4.28

2.90
2.89
2.90
2.90
2.89

3.91
3.90
3.92
3.93
3.93

T

1.99
2 01
2.03
2 03

2.00
1 99
1.99
1 99

2.79
2 79
2.79
2 78

3.29
3.29
3.30
3.31

2.74
2.74
2.75
2.75

2.91
2.91
2.92
2.91

3.23
3.24
3.24
3.24

4.27
4.28
4.30
4.33

2.88
2.89
2.89
2.88

3.93
3.93
3.95
3.97

3.06
3.07
3.07
3.07

2 01
2 00
2.00
2.35

1.96
1 92
1.90
1.90

2.77
2 77
2.76
2.76

3.29
3.28
3.28
3.28

2.74
2.73
2.73
2.73

2.89
2.88
2.88
2.88

3.23
3.21
3.21
3.21

4.31
4.27
4.28
4.28

2.87
2.85
2.85
2.85

3.95
3.93
3.93
3.92

3.06
3.05
3.05
3.06

1941—Jan

4
11
18
25

Feb. 1
8
15
22

Aug 2
9
16
23
30
Sept. 6
13
20
27
Oct 4
11
18
25

. . . .

. .

. . .

.

.
.

.

.
. . . .

1




Nov. 1..
8..
15..
22..
29..

2.34
2.33
2.33
2.35
2.35

1.89
1.89
1.90
1.89
1.90

2.76
2.76
2.75
2.75
2.76

3.27
3.26
3.27
3.27
3.27

2.73
2.72
2.72
2.72
2.72

2.86
2.86
2.86
2.86
2.87

3.20
3.19
3.19
3.19
3.19

4.28
4.26
4.28
4.29
4.29

2.85
2.84
2.84
2.85
2.85

3.92
3.90
3.91
3.92
3.91

3.05
3.04
3.04
3.04
3.04

Dec. 6..
13..
20..
27..

2.40
2.50
2.50
2.50

1.91
2.38
2.29
2.32

2.84
2.85
2.87
2.86

3.27
3.35
3.37
3.38

2.72
2.79
2.81
2.84

2.88
2.96
2.96
2.97

3.19
3.26
3.28
3.31

4.28
4.39
4.40
4.41

2.85
2.95
2.95
2.97

3.92
3.99
4.01
4.02

3.04
3.11
3.14
3.16

1942—Jan. 3..
10..
17..
24..
31..

2.50
2.49
2.49
2.47
2.47

2.37
2.37
2.29
2.28
2.37

2.86
2.84
2.86
2.85
2.86

3.39
3.35
3.34
3.34
3.34

2.86
2.83
2.83
2.83
2.84

2.98
2.96
2.96
2.96
2.96

3.32
3.30
3.30
3.30
3.29

4.41
4.31
4.28
4.28
4.27

2.99
2.97

4.02
3.95
3.92
3.92
3.92

3.16
3.13
3.13
3.13
3.14

Feb. 7..
14..
21..
28.,

2.47
2.48
2.48
2.48

2.49
2.51
2.63
2.58

2.85
2.85
2.87
2.88

3.35
3.35
3.36
3.37

2.84
2.84
2.85
2.86

2.97
2.97
2,98
2.99

3.29
3.28
3.29
3.30

4.28
4.29
4.30
4.30

2.97
2.98
2.99

i

3.93
3.93
3.95
3.95

3.14
3.13
3.14
3.16

Mar. 7..
14..
21..
28..

2.48
2.47
2.46
2.43

2.59
2.60
2.59
2.52

2.88
2.88
2.89
2.87

3.37
3.38
3.38
3.36

2.87
2.87
2.87
2.85

3.00
3.01
3.01
2.99

3.31
3.32
3.33
3.31

4.30
4.31
4.32
4.29

2.99
3.01
3.01
3.00

3.95
3.95
3.95
3.94

3.17
3.18
3.19
3.16

Apr. 4..
11..
18..
25..

2.43
2.43
2.44
2.46

2.49
2.43
2.43
2.41

2.85
2.85
2.84
2.85

3.35
3.34
3.34
3.34

2.84
2.83
2.83
2.83

2.97
2.97
2.97
2.98

3.30
3.30
3.30
3.30

4.26
4.25
4.26
4.26

2.96
2.95
2.96
2.96

3.93
3.93
3.94
3.95

3.14
3.13
3.13
3.13

May 2..
9..
16..
23.,
30.,

2.47
2.47
2.46
2.44
2.44

2.46
2.46
2.45
2.45
2.43

2.86
2.85
2.85
2.86
2.86

3.36
3.35
3.36
3.36
3.37

2.84
2.84
2.85
2.85
2.85

3.00
3.00
3.00
3.00
3.01

3.31

4.28
4.26
4.27
4.28
4.29

2.97
2.97
2.97
2.98
2.98

3.97
3.96
3.97
3.98
4.00

3.14
3.13
3.13
3.13
3.12

June 6..
13.,
20.
27.,

2.43
2.43
2.43
2.44

2.43
2.39
2.35
2.35

2.87
2.87
2.86
2.86

3.38
3.38
3.37
3.37

2.85
2.86
2.84
2.84

3.01
3.01
3.01
3.01

3.31
3.30
3.30

i

4.31
4.33
4.33
4.34

2.98
2.99
2.97
2.96

4.02
4.02
4.03
4.04

3.13
3.12
3.12
3.12

July 4.,
11.
18.
25.,

2.44
2.46
2.46
2.46

2.35
2.35
2.33
2.30

2.85
2.85
2.84
2.84

3.37
3.36
3.35
3.35

2.83
2.83
2.83
2.83

3.00
3.00
2.99
3.00

3.29
3.29
3.28
3.27

4.33
4.31
4.30
4.30

2.96
2.95
2.94
2.94

4.03
4.02
4.02
4.02

3.11
3.10
3.09

Aug. 1.,
8.
15.
22.
29.

2.46
2.48
2.48
2.47
2.46

2.29
2.28
2.28
2.28
2.26

2.85
2.85
2.85
2.84
2.84

3.34
3.34
3.34
3.34
3.33

2.82
2.82
2.81
2.81
2.80

2.99

3.27
3.27
3.26
3.27
3.27

4.29
4.29
4.28
4.28
4.27

2.94
2.94
2.94
2.95
2.95

4.01
4.00
3.99
3.98
3.97

3.09
3.08

Sept. 5.
12.
19.
26.

T

2.26
2.25
2.24
2.24

2.85
2.84
2.84
2.84

3.33
3.33
3.33
3.32

2.81
2.81
2.80

2.99
2.98
2.97

1

3.27
3.26
3.25
3.25

4.27
4.26
4.27
4.27

2.95
2.95
2.96
2.96

3.97
3.96
3.96
3.94

3.08
3.08
3.07
3.08

Oct. 3.
10.
17.
24.
31.

1

2.46
2.45
2.44
2.46

2.26
2.25
2.23
2.20

T

2.82
2.84
2.85
2.84
2.85

3.32.
3.31
3.30
3.31
3.31

2.96
2.95
2.95
2.95
2.95

3.25
3.24
3.24
3.24
3.25

4.26
4.25
4.23
4.24
4.24

2.94
2.94
2.93
2.93
2.94

3.93
3.92
3.91
3.92
3.92

3.08
3.07
3.07
3.07
3.07

Nov. 7.
14.
21.
28.

2.46
2.46
2.47
2.48

i
2.20

2.84
2.84
2.85
2.85

3.30
3.30
3.31
3.31

2.80
2.79
2.80
2.80

2.94
2.94
2.94
2.95

3.24
3.24
3.24
3.23

4.23
4.23
4.24
4.26

2.94
2.93
2.92
2.92

3.92
3.93
3.94
3.95

3.06
3.06
3.06
3.06

Dec. 5.
12.
19.
26.

2.49
2.49
2.49
2.49

2.22
2.25
2.28
2.28

2.86
2.85
2.87
2.86

3.32
3.33
3.33
3.32

2.81
2.81
2.82
2.81

2.96
2.96
2.96
2.96

3.23
3.23
3.23
3.23

4.28
4.29
4.29
4.26

2.94
2.94
2.94
2.94

3.96
3.97
3.97
3.95

3.07
3.07
3.08
3.07

t

i

T

T

T

T




11.

BOND YIELDS, BY TYPE OF SECURITY — Continued
B.

WEEKLY, 1941-63 — Continued
[Per cent per annum]
Corporate bonds

Government bonds

Moody's

1943_j a r ,

State
and
local
(Standard
and
Poor's)

Standard
and
Poor's
AAA

2.28
2.28
2.28
2.26
2 26

2.86
2.86
2 84
2.84
2 83

1

2.24
2.23
2.21
2.20

2 47
2.48

Week ending—

2.21
2.22
2.22
2.21

United
States
(longterm)

2
9
16
23
30

2.48
2.46

T

Feb 6
13
20
27

2.46
2 47
2.47

Mar 6
13
20
27

T

By rating

By group

Total
Aaa

Aa

A

Baa

Industrial

Railroad

Public
utility

3.32
3.31
3.28
3.27
3 25

2.81
2.81
2.80
2.79
2.78

2.96
2.95
2.93
2.92
2 91

3.23
3.22
3.21
3.20
3 18

4.26
4.23
4.17
4.14
4 11

2.93
2.92
2.91
2.90
2 88

3.94
3.92
3.88
3.85
3.82

3.07
3.07
3.06
3.05
3 04

2.82
2.82
2 82
2.82

3.23
3.23
3.23
3.22

2.77

2.90
2.89
2.89
2.88

3.17
3.17
3.16
3.16

4.09
4.09
4.07
4.06

T

3.80
3.80
3.78
3.76

3.03
3.02
3.01
3.01

2 83

T

3.21
3.21
3.20
3.20

3.16
3.15
3.14

4.02
4.02
4.02
4.01

1

T

2.89
2.88
2.88
2.88

2.88
2.87
2.87

3.74
3.74
3.73
3.72

3.01
3.01
3.00
3.00

!
2.76

2.88
2.88
2.89
2.88

3.97
3.95
3.98
3.97

2.87
2.86
2.87
2.86

3.70
3.68
3.70
3.69

3.00
3.00
3.01
3.01

2.83
2.82

i

3.19
3.18
3.19
3.19

T
i

2.77
2.76

T

1

2.21
2.21
2.21
2.19

May 1
8
15
22
29

2.48
2.47
2.46
2.46
2.45

2.17
2.14
2.14
2.12
2.10

2.82
2.82
2.82
2.81
2.80

3.18
3.18
3.17
3.16
3.16

2.75
2.75
2.75
2.74
2.74

2.88
2.88
2.88
2.87
2.86

3.14
3.13
3.12

3.95
3.93
3.91
3.91
3.90

2.87
2.86
2.86
2.86
2.86

3.68
3.66
3.65
3.63
3.62

3.01
3.01
3.00
3.00
2.99

June 5
12
19
26

2.45
2.45
2.45
2.45

2.09
2.09
2.07
2.05

2.80
2.80
2.80
2.79

3.15
3.15
3.14
3.14

2.73
2.73
2.72
2.72

2.86
2.85
2.85
2.84

3.12
3.11
3.11
3.11

3.89
3.89
3.89
3.88

2.86
2.85
2.83
2.83

3.61
3.62
3.61
3.61

2.99
2.98
2.98
2.98

2.46
2.45
2.45
2 46
2.46

2.04
2.03
.97
.96
.92

2.78
2.77
2.77
2.77
2.76

3.13
3.12
3.11
3.10
3.10

2.71
2.70
2.69

2.84
2.83
2.82
2.81
2.80

3.10
3.10
3.10
3.09
3.09

3.86
3.84
3.81
3.80
3.80

2.82
2.81
2.80
2.79

3.60
3.59
3.57
3.55
3.55

2.97
2.96
2.95
2.95
2.95

2.46
2.46
2.47
2.47

.91
.91
.91
.91

2.77
2.77
2.76
2.77

3.10
3.10
3.10
3.11

2.80
2.81
2.81
2.82

3.09
3.08
3.08
3.09

3.81
3.81
3.81
3.82

2.79

3.56
3.55
3.55
3.56

2.95
2.95
2.96
2.96

2.48
2.48
2.48
2.48

.93
.92
.92
1.92

T

3.10
3.11
3.11
3.12

i

3.08
3.09
3.10
3.11

3.82
3.82
3.82
3.83

2.80
2.80
2.81
2.83

T

2.69
2.70

2.81
2.82
2.82
2.83

2.96
2.96
2.96
2.97

2 48
2.47
2.48
2.48
2.48

1.92
1.91
1.89
1.86
1.86

3.12
3.12
3.12
3.11
3.11

2.71
2.70
2.70
2.70
2.70

2.83
2.83
2.83
2.83
2.82

3.10
3.10
3.11
3.10
3.10

3.83
3.83
3.82
3.81
3.81

2.83
2.83
2.82
2.82
2.82

Apr. 3
10
17
24

.

July 3
10
17
24
31
Aug 7
14
21
28

. . . .

.

.

SeDt 4
ii:::.:.:::
18
25
Oct

2
9
16
23
30

.

. . . .

i

2.77
2.78
2.79

T

I

T
i

1

3.56
3.55
3.55

2.97
2.96
2.96
2.96
2.96




Nov. 6.,
13.
20.
27.

2.48
2.48
2.49
2.48

.86
1.88
1.90
1.95

2.79
2.79
2.80
2.82

3.11
3.13
3.13
3.13

2.69
2.71
2.71
2.72

2.82
2.84
2.84
2.86

3.10
3.11
3.11
3.12

3.82
3.84
3.84
3.83

2.81
2.84
2.85
2.86

3.55
3.56
3.56
3.56

2.97
2.98
2.98
2.99

Dec. 4.
11.
18.
25.

2.49

2.00
2.02
2.01
2.00

2.83
2.83
2.84
2.83

3.15
3.15
3.14
3.14

2.74
2.74
2.74
2.74

2.88
2.87
2.87
2.86

3.13
3.13
3.13
3.12

3.84
3.84
3.83
3.81

2.87
2.87
2.86
2.85

3.57
3.57
3.57
3.56

3.00
3.00
3.00
3.00

1944__j an . 1.
8.
15.
22.,
29.

.98
1.96
1.94
1.90
1.88

2.83
2.81
2.80
2.80
2.81

3.13
3.12
3.11
3.10
3.11

2.74
2.73
2.71
2.72
2.73

2.84
2.84
2.83
2.83
2.84

3.12
3.12
3.11
3.10
3.11

3.81
3.80
3.78
3.75
3.74

2.84
2.84
2.84
2.82
2.83

3.55
3.54
3.51
3.50
3.49

2.99
2.98
2.98
2.99
2.99

Feb. 5..
12..
19.,
26.,

1.86
1.85
1.85
1.85

T

3.10

2.74
2.73
2.74
2.74

2.84
2.84
2.83
2.83

3.10
3.10
3.11
3.10

3.73
3.72
3.72
3.73

2.83
2.82
2.83
2.83

3.50
3.49
3.49
3.49

2.99
2.98
2.98
2.98

Mar. 4.,
11.
18.,
25.

T

i

T

i

T

1.84
1.84
1.84
1.84

2.81
2.80
2.80
2.79

i
3.10
3.09

2.74
2.74
2.74
2.73

2.83
2.83
2.83
2.82

3.10
3.10
3.10
3.09

3.72
3.71
3.71
3.70

2.84
2.83
2.83
2.83

3.49
3.48
3.48
3.47

2.98
2.97
2.97
2.96

2.79
2.79
2.78
2.78
2.78

3.09
3.09
3.08
3.08
3.08

2.74
2.74
2.74
2.74
2.73

2.83
2.83
2.82
2.82
2.82

3.10
3.09
3.09
3.08
3.09

3.70
3.70
3.68
3.68
3.67

2.84
2.84
2.83
2.83
2.83

3.47
3.47
3.45
3.44
3.44

2.97

i
2.48
2.49

1.83
1.83
1.84
1.86
1.88
1.88
1.87
1.86
1.85

2.78
2.77
2.77
2.77

3.08
3.07
3.06
3.05

2.73
2.73
2.73
2.72

2.82
2.82
2.81
2.81

3.08
3.08
3.07
3.07

3.66
3.65
3.64
3.61

2.83
2.82
2.82
2.80

3.43
3.42
3.41
3.40

2.97
2.96
2.96

June 3.,
10.,
17.,
24.,

1.85
1.86
1.87
1.87

2.76
2.78
2.78
2.79

3.05
3.05
3.05
3.05

2.72
2.73
2.73
2.73

2.81
2.82
2.82
2.81

3.07
3.07
3.07
3.06

3.60
3.60
3.60
3.59

2.80
2.80
2.79
2.78

3.40
3.40
3.40
3.39

2.96
2.97
2.97
2.97

July 1.,
8.,
15.,
22.,
29.,

2.79
2.78
2.78
2.77
2.78

3.04
3.04
3.04
3.03
3.04

2.72
2.72
2.72
2.72
2.72

2.81
2.80
2.80
2.80
2.81

3.06
3.05

2.49

1.86
1.86
1.84
1.82
1.82

3.58
3.57
3.57
3.57
3.56

2.78
2.78
2.78
2.78
2.80

3.39
3.38
3.37
3.37
3.36

2.96
2.96
2.95
2.95
2.94

Aug. 5.,
12.,
19.,
26.,

2.48
2.48
2.48
2.48

1.82
1.81
1.81
1.82

2.78
2.77
2.77
2.77

3.03
3.03
3.03
3.02

2.71
2.72
2.72
2.72

2.80
2.80
2.79

1

T

3.05
3.04
3.04

3.55
3.55
3.55
3.55

2.79
2.80
2.79
2.79

3.35
3.34
3.34
3.34

2.95
2.95
2.95
2.94

Sept. 2.,
9.,
16..
23..
30..

2.48
2.47
2.47
2.48

1.82
1.82
1.83
1.84
1.84

2.76

3.03

i
2.79
2.80

2.79
2.80
2.80
2.79
2.79

3.35

T

3.05
3.06
3.05
3.04
3.04

3.56

T

2.71
2.71
2.71
2.72
2.72

2.94
2.94
2.94
2.94
2.95

i
2.76
2.77

3.03
3.02
3.02
3.03

2.72
2.72
2.72
2.73

2.80
2.80
2.81
2.82

3.03
3.02
3.01
3.01

3.56
3.55
3.54
3.54

2.79
2.79
2.78
2.79

3.35
3.33
3.32
3.31

2.95
2.95
2.97
2.98

2.77
2.77
2.76
2.75

3.03
3.03
3.02
3.01

2.73
2.73
2.73
2.72

2.82
2.81
2.80
2.79

3.01
3.01
3.01
3.00

3.54
3.55
3.54
3.53

2.79
2.79
2.77
2.76

3.30
3.30
3.30
3.28

2.99
2.99
2.99
2.98

2.74
2.74
2.73
2.74
2.73

3.00
2.99
2.99
2.98
2.98

2.71
2.71
2.70
2.70
2.70

2.77
2.76
2.76
2.76
2.76

2.99
2.99
2.98
2.98
2.99

3.51
3.50
3.49
3.48
3.48

2.75
2.75
2.74
2.75
2.74

3.27
3.26
3.25
3.24
3.24

2.97
2.96
2.97
2.96
2.97

Apr. 1.,
8.,
15.
22.,
29.,
May 6.,
13.,
20.
27.,

Oct. 7..
14.,
21.,
28..

2.49
2.48

T

1

r

t

Nov. 4..
11.
18.,
25.,
Dec. 2..
9.,
16..
23.,
30.,

1.84
1.87
1.88

i
i

2.48
2.47
2.47

.88
1.87
.87
1.86
1.86

i

T

T

i

T

i

T




11.

BOND YIELDS, BY TYPE OF SECURITY —Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]
Corporate bonds

Government bonds

Week ending—

United
States
(longterm)

Moody's

State
and
local
(Standard
and
Poor's)

Standard
and
Poor's
AAA

By rating

By group

Total
Aaa

Aa

A

Baa

Industrial

Railroad

Public
utility

6
13
20
27

2.45
2.45
2.44
2.43

1 85
1 83
1.81
1.79

2 67
2.66
2.65
2.65

2.98
2.98
2.97
2.97

2.70
2.70
2.69
2.69

2.76
2.76
2.76
2.76

2.98
2.99
2.97
2.98

3.48
3.47
3.45
3.45

2.74
2.73
2.73
2.72

3.24
3.23
3.22
3.22

2.96
2.97
2.97
2.97

Feb. 3
10
17
24

2.41
2.40
2.39
2.37

1.77
1.76
1 75
1 67

2.64
2.63
2.61
2.61

2.96
2.95
2.94
2.93

2.68
2.66
2.65
2.65

2.75
2.74
2.73
2.72

2.97
2.96
2.94
2.93

3.44
3.42
3.41
5.40

2.72
2.70
2.69
2.68

3.20
3.18
3.16
3.15

2.96
2.95
2.95
2.95

Mar. 3
10
17
24
31

2 38
2.40
2.41
2.40
2.39

1 65
1.64
1.61
1 59
1 60

2.60
2.59
2.59
2.59
2.58

2.92
2.91
2.91
2.91
2.91

2.63
2.62
2.62
2.61
2.60

2.72
2.72
2.72
2.72
2.73

2.93
2.93
2.92
2.91
2.91

3.39
3.38
3.38
3.38
3.38

T
2.68

3.14
3.12
3.12
3.10
3.10

2.94
2.94
2.93
2.94
2.94

Apr. 7
14
21
28

2.39
2.38
2 40
2.39

1 58
1.58
1 58
1 54

2.59
2.59
2.59
2.58

2.91
2.90
2.90
2.90

2.61

2.73
2.73
2.72
2.73

2.91
2.90
2.90
2.90

3.38
3.36
3.36
3.35

2.69
2.69
2.69
2.69

3.10
3.08
3.07
3.06

2.94
2.93
2.94
2.94

May 5
12:::::
19
26

2.39
2.40
2 39
2 38

1 54
1.54
1 59
1 63

2.58
2.59
2 59
2.60

2.89
2.89
|2.89
2.88

2.61
2.62
2.62

1

2.73
2.73
2.72
2.71

2.89
2.88
2.88
2.88

3.33
3.33
3.33
3.32

2.68
2.68
2.69
2.69

3.05
3.05
3.05
3.05

2.94
2.94
2.93
2.92

2 37
2.36
2 36
2 34
2.34

1 61
1.59
1 58
1 57
1.57

2.60
2.60
2.60
2.61
2.62

2.88
2.88
2 87
2.86
2.86

2.62
2.62
2.61
2.61
2.61

2.71
2.70
2.69
2.68
2.69

2.88
2.87
2.87
2.86
2.85

3.31
3.31
3.30
3.29
3.27

2.69
2.69
2.68
2.68
2.68

3.04
3.04
3.03
3.02
3.01

2.91
2.90
2.89
2.88
2.88

2.34
2 34
2 34
2.36

1.57
1 57
1.57
1.58

2.60
2 60
2.60
2.61

2.85
2.85
2.85
2.85

2.60
2.60
2.60
2.60

2.69
2.68
2.68
2.69

2.85
2.84
2.85
2.85

3.27
3.26
3.26
3.27

2.68
2.67
2.68
2.69

3.01
3.00
3.01
3.01

2.88
2.87
2.87
2.86

2.35
2 34
2.36
2 38

1.60
1 64
1.71
1 78

2.61
2.61
2.61
2.63

2.86
2.85
2.86
2.86

2.61
2.60
2.61
2.62

2.68
2.69
2.70
2.70

2.86
2.85
2.84
2.85

3.27
3.26
3.27
3.28

2.69
2.69
2.68
2.69

3.01
3.01
3.02
3.03

2.86
2.86
2.86
2.87

2 37
2.37
2.38
2.37
2 36

1 78
1.77
1.79
1.80
1.81

2.62
2.62
2.61
2.64
2.64

2.86
2.85
2.86
2.86
2.85

2.62
2.62
2.62
2.63
2.62

2.70
2.69
2.70
2.71
2.71

2.85
2.84
2.85
2.86
2.85

3.26
3.25
3.25
3.24
3.24

2.68
2.67
2.67
2.67
2.66

3.03
3.03
3.05
3.06
3.05

2.86
2.85
2.85
2.85
2.85

2 36
2.35
2.34
2.34

1.80
1.78
1.75
1.73

2.63
2.62

2.85
2.84
2.83
2.84

2.61
2.61
2.62
2.62

2.71
2.70
2.69
2.69

2.85
2.84
2.83
2.84

3.23
3.21
3.20
3.20

2.66
2.65
2.65
2.66

3.05
3.04
3.03
3.02

2.85
2.84
2.83
2.83

1945 Jan

June 2
9
16
23
30

,

July 7
14
21
28

. .

Aug. 4
11
18
25

.

Sept 1
8
15
22
29

.

Oct 6
13
20
27

.

. . .

.

. . .
.

. . .

,

•

T

i

Nov. 3.
10.
17.
24.

2.35
2.33
2.33
2.33

1.72
1.71
1.70
1.69

2.62
2.60

1

2.83
2.82
2.82
2.81

2.61
2.62
2.62
2.61

2.69
2.68
2.68
2.67

2.84
2.82
2.81
2.81

3.17
3.16
3.15
3.14

2.65
2.65
2.65
2.64

3.01
3.00
2.99
2.98

2.82
2.82
2.81
2.80

Dec. 1.
8.
15.
22.
29.

2.33
2.32
2.34
2.34
2.32

1.69
1.67
1.64
1.63
1.63

2.60
2.61
2.60
2.59
2.58

2.81
2.81
2.80
2.79
2.79

2.61
2.62
2.62
2.61
2.60

2.68
2.68
2.68
2.68
2.67

2.80
2.80
2.80
2.80
2.79

3.13
3.12
3.11
3.09
3.07

2.64
2.64
2.64
2.64
2.63

2.99
2.98
2.97
2.96
2.95

2.80
2.80
2.80
2.79
2.78

1946—Jan. 5.
12.
19.
26.

2.29
2.23
2.19
2.18

1.62
1.61
1.56
1.53

2.57
2.54
2.52
2.49

2.77
2.75
2.73
2.71

2.58
2.57
2.54
2.52

2.66
2.64
2.61
2.60

2.78
2.76
2.73
2.71

3.05
3.03
3.02
3.00

2.62
2.60
2.57
2.56

2.93
2.91
2.89
2.88

2.76
2.74
2.72
2.69

Feb. 2.
9.
16.
23.

2.17
2.14
2.10
2.10

1.52
1.49
1.48
1.49

2.48
2.48
2.46
2.46

2.69
2.68
2.67
2.67

2.50
2.49
2.48
2.48

2.59
2.57
2.56
2.56

2.70
2.70
2.69
2.69

2.98
2.96
2.94
2.94

2.55
2.54
2.54
2.54

2.86
2.84
2.82
2.82

2.68
2.67
2.65
2.64

Mar. 2.
9.
16.
23.
30.

2.10
2.10
2.09
2.09
2.08

1.49
1.49
1.49
1.49
1.48

2.45
2.45
2.44
2.44
2.44

2.67
2.66
2.66
2.66
2.66

2.48
2.48
2.47
2.47
2.46

2.56
2.54
2.54
2.54
2.53

2.70
2.69
2.69
2.69
2.68

2.94
2.94
2.94
2.95
2.95

2.55
2.54
2.54
2.55
2.54

2.83
2.82
2.81
2.80
2.79

T

20.
27.

2.04
2.03
2.08
2.14

1.44
1.44
1.44
1.49

2.43
2.43
2.43
2.47

2.66
2.65
2.66
2.69

2.46
2.46
2.46
2.48

2.54
2.54
2.55
2.58

2.68
2.67
2.68
2.71

2.94
2.94
2.95
2.98

2.55
2.56
2.56
2.59

2.78
2.77
2.78
2.81

2.67

May 4.
11.
18.
25.

2.18
2.19
2.20
2.19

1.56
1.53
1.54
1.54

2.50
2.49
2.50
2.48

2.70
2.71

2.50
2.51
2.51
2.51

2.58
2.58
2.59
2.58

2.73
2.72
2.73

3.00
3.01
3.02
3.03

2.61
2.61
2.61
2.60

2.83
2.82
2.84
2.84

2.68
2.69
2.70
2.70

June 1.
8.
15.
22.
29.

2.18
2.17
2.15
2.15
2.16

1.55
1.55
1.55
1.55
1.56

2.49
2.47
2.47
2.46
2.47

2.51
2.50
2.49
2.48
2.49

2.58
2.59
2.59
2.59
2.59

T
2.73

2.60
2.60
2.59
2.58
2.59

2.84
2.85
2.85
2.85
2.85

2.70
2.70
2.70
2.69
2.69

July 6.
13.
20.
27.

2.15
2.15
2.20
2.20

1.58
1.59
1.60
1.62

2.47
2.47
2.49
2.49

2.71
2.70
2.71
2.71

2.49
2.48
2.49
2.49

2.59
2.58
2.59
2.59

2.72
2.71
2.72
2.72

3.03
3.04
3.03

i

2.58
2.57
2.58
2.58

2.86
2.85
2.87
2.87

2.69
2.68
2.69
2.69

Aug. 3.
10.
17.
24.
31.

2.23
2.22
2.22
2.23
2.25

1.63
1.64
1.64
1.64
1.67

2.50
2.50
2.51
2.51
2.51

2.72
2.72
2.73
2.73
2.73

2.50
2.50
2.51
2.51
2.51

2.61
2.61
2.62
2.62
2.63

2.74
2.74
2.74
2.74
2.75

3.03
3.03
3.04
3.04
3.03

2.59
2.58
2.59
2.58
2.58

2.88
2.89
2.89
2.90
2.90

2.70
2.70
2.70
2.70
2.71

Sept. 7.
14.
21.
28,

2.27
2.29
2.30
2.28

1.69
1.74
1.76
1.81

2.52
2.55
2.57
2.58

2.75
2.78
2.80
2.82

2.53
2.57
2.59
2.60

2.65
2.68
2.69
2.69

2.76
2.78
2.81
2.82

3.05
3.07
3.11
3.16

2.61
2.63
2.65
2.67

2.92
2.95
2.99
3.03

2.72
2.74
2.75
2.76

Oct. 5
12.
19,
26,

2.27
2.27
2.26
2.26

1.87
1.87
1.85
1.83

2.57
2.59
2.58
2.58

2.82
2.82
2.82
2.82

2.59
2.60
2.60
2.60

2.70
2.71
2.69
2.69

2.82
2.83
2.83
2.84

3.15
3.15
3.15
3.15

2.66
2.66
2.66
2.65

3.04
3.04
3.04
3.05

2.75
2.76
2.77
2.76

Nov. 2,
9,
16,
23,
30

2.24
2.24
2.25
2.26
2.27

1.77
1.77
1.77
1.79
1.87

2.58
2.58
2.57
2.58
2.60

2.83
2.82
2.82
2.83
2.84

2.60
2.59
2.59
2.59
2.60

2.69
2.69
2.69
2.70
2.70

2.85
2.84
2.83
2.84
2.85

3.16
3.15
3.15
3.17
3.19

2.66
2.65
2.65
2.66
2.67

3.06
3.04
3.04
3.05
3.07

2.77
2.77
2.77
2.77
2.77

Dec. 7,
14
21
28

2.27
2.25
2.23
2.22

1.93
1.96
2.00
1.99

2.60
2.61
2.60
2.59

2.84
2.83
2.83
2.82

2.61
2.62
2.61
2.60

2.70
2.70
2.69
2.68

2.85
2.83
2.83
2.82

3.19
3.17
3.17
3.16

2.67
2.67
2.67
2.66

3.07
3.04
3.04
3.03

2.78
2.78
2.77
2.76

Apr

-4
VO




.S:

T

i

T

i

'

11.

BOND YIELDS, BY TYPE OF SECURITY — Continued
B.

WEEKLY, 1941-63 — Continued
[Per cent per annum]
Corporate bonds

Government bonds
State and local
Week ending—

1947 Jan

4..
11
18
25

United
States
(longterm)

2.22
2.22
2.22
2.20

Standard
and
Poor's
1 9ft

.94
.92
.91

Moody's

Moody's

Total

Aaa

Aa

A

Baa

Standard
and
Poor's
AAA

By rating

By group

Total
Aaa

Aa

A

Baa

Industrial

Railroad

Public
utility

2.58
2.56
2.55
2.53

2.81
2.80
2.79
2.78

2.59
2.58
2.57
2.56

2.67
2.66
2.65
2.63

2.81
2.80
2.78
2.78

3.16
3.14
3.14
3.13

2.65
2.64
2.62
2.62

3.03
3.01
3.00
3.00

2.75
2.75
2 73
2.71

2.63
2 64
2.64
2.65

2.78
2 78
2.79
2.80

3.12
3.12
3.12
3.13

2.62
2 62
2.61
2.60

2.99
2 99
3.00
3.01

2.71
2 72
2.72
2.73

Feb. 1
8
15
22

oo
©

2.21
2 20
2.21
2.21

1.95
2.04

2.53
2 53
2.54
2.53

2.77
2 77
2.78
2.78

2.56
2 56
2.55

Mar 1
8
15
22
29

2.21
2 20
2 19
2.19
2.18

2.05
2 02
2 03
2.02
2.00

2.54
2 54
2 54
2 53
2.52

2.79
2 79
2 79
2.79
2.78

I

2.55
2.54

2.65
2 65
2 65
2.65
2.64

2.80
2 80
2 80
2.81
2.80

3.14
3 14
3.15
3.15
3.15

2.61
2 61
2 61
2.61
2.60

3.02
3 02
3 02
3.02
3.02

2.73
2 74
2 74
2 74
2.73

Apr. 5
12
19. . .
26

2.18
2 18
2.20
2.20

1.99
1 99
1 98
1.97

2^51

|

2.53

2.63

2.80
2 81
2.81
2.80

3.16
3.16
3.16
3.16

T

3.03
3 04
3.04
3.03

2.72
2 72
2 71
2.71

May 3
10
17.
24
31

2.20
2.20
2.20
2.19
2.19

1.97
1.95
1 94
1.94
1.95

2.80
2.81
2.82
2.83
2.83

3.15
3.15
3.16
3.18
3.19

3.03
3.03
3.05
3.07
3.08

2.71
2.71
2 71
2.72

June 7
14
21
28

2.20
2 21
2.24
2.24

2.83
2.82
2.82
2.83

3.20
3.22
3.22
3.21

July 5
12 •
19
26

2 25

2.83
2.83
2.82
2.81

3.20
3.18
3.18
3.17

2.61
2.62
2.62

3 09
3.07
3.06
3.05

.91
Q2

T
1

1

2.78
2 79
2.80
2.80

1

1.93
1 93
1 92
1.91

2.51
2.52
2.53
2.53

2.80
2.81
2.81
2.81

2.53
2.55
2.55
2.56

1 Ql

2.56
2.55

1

2.63
2.64
2.63
2.64

T

i

2.60
2.61

T

3.08
3.10
3.10
3.10

T
1

2.72

T

1 91
1.90
1 90

2 53
2.52
2.51
2.52

2 81
2.80
2.80
2.80

i

1 91
1.91
1.93
1 92
|

2.52
2.53
2.51
2.51
2.52

2.79
2.79
2.79
2.79
2.80

2.55
2.56
2.56

1

2.64
2.65

2.81
2.80
2.81
2.81
2.81

3.17
3.16
3.16
3.17
3.18

2.62
2.62
2.62
2.63
2.63

3.04
3.03
3.03
3.03
3.05

2.72
2.73
2.73

2.80
2.82
2.85
2.89

2.57
2.58
2.62
2.64

2.65
2.67
2.69
2.73

2.81
2.83
2.86
2.89

3.18
3.20
3.24
3.28

2.63
2.65
2.68
2.71

3.04
3.06
3.10
3.14

2.73
2.75
2.78
2.81

2.92
2.93
2.95
2.96

2.68
2.69
2.71
2.71

2.76
2.77
2.80
2.80

2.91
2.92
2.95
2.96

3.31
3.33
3.35
3.37

2.73
2.74
2.77
2.77

3.18
3.19
3.22
3.23

2.84
2.85
2.87
2.89

Aug 2
9
16
23...
30

2.25
2.24
2 23
2.23

Sept. 6
13..
20
27

2.23
2 24
2.23
2 24

1.92

2.52
2.54
2.57
2.58

Oct. 4
11
18
25

2.24
2 24
2.26
2.28

1.96
1 98
203
2.04

2.62
2.65
2.69
2.69




t

i

T
1

1

2 73
2.72

T
i

Nov. 1
8
15....
22....
29

2.31
2.34
2.36
2.36
2.37

2.08
2.11
2.14
2.21
2.25

2.69
2.70
2.72
2.76
2.78

2.97
2.98
3.00
3.03
3.06

2.71
2.73
2.75
2.78
2.81

2.81
2.81
2.83
2.87
2.90

2.98
2.99
2.99
3.02
3.05

3.39
3.41
3.43
3.45
3.46

2.78
2.79
2.81
2.85
2.88

3.25
3.27
3.28
3.31
3.33

2.89
2.89
2.91
2.94
2.96

Dec. 6. ...
13....
20
27....

2.37
2.37
2.37
2 41

2.27
2 33
2.35
2 35

2.81
2.84
2.81
2.85

3.09
3.12
3.11
3.13

2.83
2.86
2.84
2.86

2.92
2.94
2.92
2.94

3.10
3.15
3.15
3.18

3.49
3.51
3.51
3.53

2.90
2.92
2.90
2.91

3.36
3.41
3.42
3.45

2.99
3.02
3.01
3.02

1948—Jan. 3
10....
17
24....
31....

2.45

2.46
2.43
2.42
2.45
2.48

2.27
2.27
2.28
2.26
2.30

1.76
1.76
1.76
1.74
1.78

2.01
2.01
2.02
2.00
2.04

2.43
2.44
2.45
2.43
2.47

2.87
2.88
2.89
2.87
2.91

2.84
2.81
2.81
2.80
2.82

3.17
3.13
3.12
3.12
3.13

2.90
2.85
2.85
2.85
2.86

2.98
2.95
2.95
2.94
2.94

3.22
3.18
3.17
3.17
3.17

3.56
3.53
3.51
3.52
3.53

2.95
2.91
2.90
2.90
2.91

3.48
3.45
3.43
3.44
3.43

3.06
3.03
3.03
3.02
3.03

2.54
2.55
2.56
2.55

2.38
2.40
2.43
2.45

1.84
1.85
1.89
1.92

2.12
2.14
2.19
2.21

2.55
2.57
2.60
2.62

3.00
3.02
3.04
3.05

2.83
2.82
2.81
2.81

3.13
3.13
3.12
3.10

2.87
2.86
2.85
2.83

2.94
2.94
2.93
2.91

3.18
3.18
3.17
3.15

3.53
3.54
3.54
3.52

2.92
2.91
2.90
2.89

3.44
3.44
3.44
3.42

3.04
3.03
3.03
3.01

2.57
2.55
2.52
2.50

2.46
2.45
2.44
2.43

1.96
1.96
1.96
1.96

2.21
2.20
2.19
2.17

2.62
2.60
2.58
2.55

3.05
3.03
3.02
3.02

2.81
2.80
2.81
2.80

3.11
3.10
3.10
3.10

2.83
2.83
2.84
2.83

2.91
2.90
2.91
2.90

3.14
3.13
3.13
3.13

3.53
3.53
3.53
3.54

2.89
2.89
2.89
2.89

3.42
3.41
3.41
3.40

3.01
3.00
3.01
3.01

2.48
2.43
2.39
2.36

2.41
2.38
2.38
2.33

1.95
1.93
1.93
1.90

2.14
2.10
2.08
2.02

2.55
2.54
2.54
2.52

3.00
2.95
2.95
2.88

2.79
2.78
2.77
2.77

3.09
3.06
3.05
3.05

2.81
2.79
2.78
2.78

2.89
2.87
2.87
2.87

3.12
3.10
3.08
3.07

3.52
3.49
3.47
3.46

2.88
2.86
2.85
2.84

3.38
3.35
3.34
3.34

2.99
2.98
2.97
2.96

T

Feb. 7
14
21....
28
Mar. 6....
13
20....
27
Apr. 3....
10
17
24

2.45
2.44

T

May 1
8
15....
22
29....

2.44
2.43
2.40
2.39

2.33
2.32
2.32
2.30
2.28

2.32
2.32
2.30
2.28
2.28

1.90
1.90
1.88
1.86
1.85

1.99
1.99
1.96
1.95
1.95

2.52
2.52
2.50
2.48
2.47

2.88
2.87
2.85
2.84
2.84

2.76
2.76
2.75
2.75
2.74

3.04
3.04
3.03
3.01
3.00

2.78
2.77
2.77
2.76
2.75

2.87
2.87
2.86
2.85
2.85

3.07
3.07
3.06
3.05
3.04

3.44
3.42
3.40
3.36
3.34

2.84
2.84
2.83
2.81
2.81

3.32
3.31
3.29
3.26
3.24

2.96
2.96
2.96
2.95
2.95

June 5....
12....
19....
26

2.39
2.40
2.41
2.43

2.24
2.22
2.26
2.29

2.25
2.21
2.21
2.23

1.83
1.79
1.79
1.82

1.92
1.87
1.88
1.90

2.42
2.40
2.40
2.43

2.83
2.77
2.77
2.78

2.74
2.73
2.72
2.76

2.99
2.99
2.99
3.00

2.75
2.74
2.75
2.77

2.84
2.84
2.85
2.86

3.03
3.03
3.03
3.03

3.34
3.34
3.34
3.34

2.80
2.79
2.79
2.81

3.23
3.23
3.23
3.23

2.94
2.94
2.96
2.97

July 3....
10....
17....
24....
31

2.44
2.44
2.44
2.44
2.44

2.31
2.32
2.33
2.33
2.35

2.24
2.25
2.26
2.27
2.28

1.82
1.83
1.85
1.85
1.86

1.92
1.92
1.93
1.94
1.94

2.44
2.45
2.47
2.49
2.50

2.79
2.80
2.80
2.80
2.81

2.77
2.77
2.78
2.79
2.80

3.01
3.03
3.03
3.05
3.05

2.79
2.80
2.80
2.82
2.82

2.88
2.89
2.88
2.90
2.90

3.05
3.06
3.06
3.08
3.08

3.35
3.35
3.36
3.38
3.39

2.83
2.83
2.82
2.84
2.85

3.24
3.25
3.26
3.27
3.27

2.98
3.00
3.00
3.03
3.03

Aug. 7
14....
21....
28....

2.45

2.40
2.45
2.46
2.47

2.31
2.33
2.35
2.36

1.89
1.90
1.91
1.91

1.97
2.00
2.03
2.05

2.52
2.55
2.57
2.58

2.84
2.85
2.88
2.90

2.83
2.84
2.85
2.84

3.07
3.09
3.10
3.10

2.83
2.85
2.85
2.84

2.93
2.95
2.94
2.94

3.11
3.12
3.14
3.15

3.41
3.43
3.45
3.45

2.87
2.89
2.90
2.88

3.29
3.31
3.33
3.33

3.05
3.07
3.07
3.07

Sept. 4....
11....
18
25...,

2.47
2.46
2.47
2.46

2.37
2.37
2.39
2.40

1.92
1.92
1.93

2.05
2.06
2.08
2.08

2.58
2.58
2.61
2.61

2.91
2.92
2.95
2.96

2.82
2.83
2.84

3.09
3.09
3.09
3.09

2.84
2.84
2.84
2.84

2.93
2.94
2.94
2.94

3.14
3.13
3.14
3.13

3.44
3.45
3.46
3.46

2.88
2.88
2.88
2.89

3.32
3.32
3.32
3.32

3.07
3.07
3.08
3.07

Oct. 2
9....
16....
23
30....

2.46
2.46
2.44
2.43
2.45

2.40
2.40
2.40
2.39
2.39

1.93
1.92

2.08
2.08
2.08
2.07
2.05

2.62
2.62
2.62
2.62
2.62

2.96
2.96
2.96
2.95
2.95

2.84
2.85

3.09
3.10
3.10
3.11
3.13

2.83
2.84
2.83
2.84
2.86

2.93
2.93
2.94
2.94
2.95

3.13
3.14
3.14
3.15
3.17

3.47
3.48
3.49
3.50
3.52

2.89
2.89
2.89
2.90
2.92

3.32
3.34
3.35
3.35
3.36

3.06
3.06
3.06
3.07
3.09

T

T

T

Nov. 6...,
13...,
20....
27...,

2.45
2.43
2.44

2.48
2.44
2.39
2.37

2.40
2.36
2.27
2.26

.94
.91
.81
.79

2.06
1.99
1.89
1.88

2.64
2.61
2.54
2.52

2.97
2.93
2.85
2.83

2.86
2.85
2.84
2.82

3.14
3.13
3.12
3.10

2.87
2.86
2.83
2.81

2.95
2.95
2.92
2.90

3.19
3.18
3.17
3.17

3.53
3.53
3.54
3.53

2.92
2.92
2.89
2.87

3.37
3.38
3.37
3.36

3.11
3.10
3.09
3.08

Dec. 4...,
11...,
18...,
25...,

2.44
2.44
2.44
2.43

2.34
2.29
2.25
2.23

2.26
2.24
2.24
2.20

.79
1.77
.76
1.73

1.87
1.86
1.86
1.85

2.52
2.51
2.49
2.45

2.84
2.83
2.83
2.77

2.81
2.80
2.80
2.78

3.11
3.10
3.10
3.08

2.81
2.80
2.80
2.78

2.90
2.89
2.89
2.87

3.17
3.17
3.17
3.15

3.54
3.55
3.54
3.53

2.86
2.86
2.86
2.85

3.37
3.37
3.36
3.35

3.08
3.08
3.08
3.06




11.

BOND YIELDS, BY TYPE OF SECURITY —Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]

Government bonds

Corporate bonds

State and local
Week ending—

United
States
(longterm)

Moody's

Moody's

Standard
and
Poor's
AAA

Standard
and
Poor's

Total

Aaa

Aa

A

Baa

2.43
2.42
2.42
2.41
2.41

2.21
2.15
2.15
2.16
2.15

2.16
2.14
2.11
2.10
2.10

1.68
1.66
1.64
1.63
1.64

1.84
1.83
1.80
1.81
1.82

2.38
2.37
2.33
2.31
2.30

2.72
2.70
2.66
2.64
2.63

2.77
2.74
2.71
2.69
2.69

2.41
2.40
2.38

2.20
2.22
2.24
2.24

2.14
2.18
2.19
2.19

1.67
1.70
1.72
1.71

1.85
1.90
1.91
1.91

2.36
2.40
2.42
2.43

2.67
2.70
2.72
2.72

Mar. 5
12
19
26

2.23
2.22
2.19
2.19

2.19
2.17
2.17
2.18

1.72
1.69
1.68
1.68

1.91
1.88
1.88
1.88

2.41
2.39
2.39
2.41

Apr. 2
9
16
23
30

2.21
2.22
2.20
2.19
2.18

2.19
2.18
2.18
2.17
2.14

1.68
1.66
1.66
1.64
1.61

1.90
1.89
1.89
1.89
1.87

May 7
14
21
28

2.16
2.16
2.22
2.25

2.12
2.13
2.16
2.21

1.59
1.60
1.63
1.69

1949—Jan. i
8
15
22
29
Feb. 5
12 .
19
26

f

By rating

Aaa

Aa

A

Baa

Industrial

Railroad

Public
utility

3.07
3.05
3.02
3.01
3.00

2.76
2.74
2.71
2.70
2.70

2.85
2.83
2.81
2.80
2.80

3.14
3.12
3.09
3.06
3.05

3.51
3.49
3.47
3.46
3.43

2.83
2.82
2.80
2.78
2.79

3.33
3.31
3.28
3.24
3.22

3.03
3.01
3.00
2.99
2.99

2.70
2.70
2 71
2.70

3.00
3.00
3.01
3.01

2.71

2.81
2.80
2.81
2.80

3.05
3.06
3.06
3.05

3.44
3.44
3.46
3.46

T

3.22
3.23
3 25
3.25

2.99
2.99
2.99
2.98

2.73
2.72
2.71
2.73

2.70
2.70
2.70
2.69

3.01
3.01
3.00

2.80
2.80
2.79

T

3.47
3.47
3.46
3.46

2.4*
2.78

3.26
3.26
3.26
3.27

2.98
2.97
2.97
2.96

2.44
2.44
2.43
2.43
2.40

2.74
2.74
2.72
2.71
2.68

2.69
2.70
2.69
2 68
2.68

3.46
3.47
3.46
3.45

2.77
2.78

T
3.27

2.96
2.96
2.96
2.96
2.95

1.85
1.87
1.91
1.96

2.39
2.40
2.42
2.46

2.66
2.66
2.68
2.73

2.68
2.68
2.69
2.69

3.00
2.99
2.99

2.70
2.71
2.71

3.26
3.26
3.26
3.26

2.95
2.S5
2.95
2.94

2/7,
2.70

i
3.05
3.04
3.05
3.05
3.05

T

I

1

2.78

2.78

4

t

3.05
3.04
3.03
3.03
3.46
3.46
3.47
3.48

1

1

3.03
3.04
3.05
3.04

2.78
2.79
2.78

3.27
3.28
3.29
3.30

2.94
2.94
2.93
2.93

2.78
2.77
2.76
2.74
2.73

3.04
3.04
3.03
3.02
3.01

3.48
3.47
3.46
3.44
3.44

2.78
2.77
2.75
2.74
2.73

3.31
3.31
3.30
3.28
3.26

2.92
2.90
2.90
2.89
2.88

2.64
2.62
2.61
2.61

2.73
2.71
2.70
2.70

3.00
2.97
2.96
2.95

3.44
3.40
3.39
3.38

2.73
2.70
2.69
2.68

3.25
3.21
3.20
3.19

2.88
2.86
2.86
2.86

2.91
2.91
2.90
2.90

2.61
2.60
2.61
2.60

2.70
2.69
2.69
2.69

2.95
2.95
2.95
2.94

3.38
3.38
3.36
3.37

2.68
2.67
2.68
2.68

3.20
3.20
3.19
3.19

2.85
2.85
2.84
2.84

2.90
2.91
2.90
2.90
2.90

2.61

2.69
2.70
2.70
2.70
2.70

T

3.37
3.36
3.36
3.36
3.35

2.68
2.68
2.68
2.69
2.69

3.20

2.84
2.83
2.83
2.83
2.82

2.39
2.38
2.38
2.38

2.26
2.27
2.29
2.29

2.22
2.23
2.24
2.24

1.70
1.71
1.73
1.72

1.97
1.98
1.99
2.00

2.47
2.49
2.50
2.49

2.73
2.73
2.73
2.73

2.68
2.69
2 69
2.70

3.00
3.00
3.00
3.00

2.72
2.71
2.71
2.71

July 2
9
16
23
30

2.34
2.27
2.26
2.26
2.27

2.29
2.27
2.26
2.26
2.25

2.21
2.19
2.17
2.16
2.15

1.70
1.68
1.66
1.65
1.64

1.97
1.95
1.95
1.93
1.92

2.46
2.42
2.41
2.39
2.39

2.70
2.69
2.66
2.65
2.63

2.68
2.67
2.65
2.64
2.64

3.00
2.99
2.98
2.97
2.96

2.70
2.69
2.67
2.65
2.64

AUK.

6
13
20
27

2.27
2.23
2.23
2.24

2.25
2.20
2.17
2.17

2.16
2.15
2.14
2.14

1.65
1.63
1.62
1.63

1.94
1.93
1.92
1.93

2.41
2.38
2.37

2.64
2.64
2.63
2.62

2.64
2.61
2.60
2.59

2.95
2.92
2.92
2.91

Sept. 3
10
17
24

2.23
2.22
2.23
2.22

2.19
2.19
2.22
2.23

2.14
2.15
2.15
2.16

1.63
1.64
1.64
1.64

1.93
1.93
1.94
1.95

2.37

2.62
2.64
2.64
2.67

2.59
2.58
2.58
2.58

Oct. 1
8
15
22
29

2.23
2.22
2.22
2.22
2.22

2.24
2.24
2.20
2.21
2.19

2.16
2.16
2.15
2.15
2.13

1.65
1.65
1.65
1.65
1,64

1.96
1.96
1.96
1.95
1.93

2.36
2.35
2.35
2.35
2.35

2.67
2.66
2.64
2.63
2.61

2.58
2.59
2.59
2.59
2.59

T

T
2.79
2.80

T

11
18
25




By group

Total

1

Nov. 5
12
19....
26

2.21
2.20
2.18
2.19

2 .19
2.19
2.16
2.14

2.12
2.11
2.10
2.09

.63
1.63
1.62
1.62

: .91
.89
.88
.87

2.35
2.33
2.31
2.31

2.60
2.59
2.57
2.56

2.59
2.57
2.57
2.57

2.90
2.90
2.89
2.89

I
2.61
2.60
2.59

2.70
2.69
2.68
2.68

2.94
2.93
2.93
2.93

3.36
3.36
3.35
3.35

2.69
2.68
2.67
2.66

i
3.20
3.21

2.82
2.81
2.81
2.80

Dec. 3....
10
17....
24
31....

2.20
2.19
2.19
2.18
2.18

2.15
2.14
2.14
2.12
2.12

2.09
2.09
2.08
2.07
2.05

1.62
1.62
1.61
1.60
1.60

.87
.87
.87
.86
.85

2.31
2.32
2.30
2.28
2.26

2.55
2.55
2.53
2.52
2.50

2.57
2.56
2.56
2.55
2.55

2.89
2.88
2.87
2.85
2.85

2.60
2.59
2.59
2.58
2.57

2.67
2.67
2.67
2.66
2.66

2.93
2.91
2.89
2.88
2.87

3.35
3.34
3.31
3.29
3.27

2.66
2.67
2.66
2.65
2.64

3.20
3.18
3.15
3.12
3.11

2.80
2.80
2.79
2.79
2.79

1950—Jan. 7....
14
21....
28....

2.18
2.18
2.21
2.22

2.12
2.06
2.06
2.07

2.04
2.03
2.02

1.60
1.60
1.61

T

T

.83
.82
.82
.82

2.25
2.23
2.21
2.21

2.48
2.46
2.44
2.44

2.54
2.54
2.55
2.55

2.84
2.83
2.82
2.83

2.57.
2.57
2.57
2.58

2.65
2.65
2.65
2.65

2.86
2.85
2.85
2.85

3.25
3.24
3.23
3.23

2.64
2.63
2.62
2.63

3.08
3.06
3.06
3.07

2.79
2.79
2.78
2.79

Feb. 4....
11
18....
25

2.23
2.23
2.24
2.25

2.07
2.06
2.06
2.05

2.20

2.43
2.43
2.42
2.42

2.55
2.55
2.55
2.54

I

T

2.66
2.66
2.65
2.65

2.85
2.86
2.86
2.85

3.23
3.24

2.63
2.63
2.63
2.64

3.08
3.08
3.09
3.08

2.79
2.78

i
1.61

1.82
.82
.83
.84

Mar. 4
11
18
25

2.25
2.26
2.27
2.28

2.07

2.42
2.42
2.40
2.39

2.55
2.55
2.55
2.54

2.58
2.59
2.59

2.65
2.65
2.65
2.66

2.85
2.86

T

T

i
2.83
2.84

Apr. 1
8
15
22
29....

2.28
2.29
2.30
2.30
2.30

2.07
2.09
2.09
2.08

^::::
20....
27....

2.30
2.30
2.31
2.31

2.07
2.07
2.07
2.07

T

June 3....
10
17
24....

2.31
2.32
2.32
2.34

2.07
2.08
2.08
2.09

2.04
2.05
2.05
2.05

1.65
1.66
1.66
1.67

July 1
8
15
22
29....

T

2.12
2.12
2.12
2.12
2.00

2.05
2.06
2.10
2.10
1.88

1.67
1.68
1.71
1.71
1.55

I

26....

2.34
2.32

1.92
1.92
1.92
1.88

1.86
1.85
1.85
1.84

Sept. 2
9....
16....
23....
30....

2.33
2.35
2.37
2.37
2.37

1.87
1.88
1.88
1.88
1.88

T

Oct. 7....
14....
21....
28....

2.37
2.38
2.39
2.38

1.87
1.83
1.80
1.79

Nov. 4....
11....
18....
25....

2.39
2.38
2.37
2.37

Dec. 2....
9
16.;.:
23....
30...,

2.38
2.39
2.39
2.38
2.39

May

Au8

ii::::
19




1.62

T

i
2.02
2.01

i

2.02
2.02
2.02
2.03
2.04

T
i

T

.84
1.84
1.84
1.84

i

i
2.64
2.65

2.79
2.79
2.79
2.79
2.80

3.24
3.24
3.25
3.26

2.64
2.64
2.65
2.65

3.10
3.11
3.12
3.12

2.80
2.81

i
2.69

2.89
2.89
2.89
2.89

3.26
3.26
3.27
3.28

2.65
2.66
2.66
2.65

3.13
3.13
3.14
3.15

2.81

2.63
2.65
2.66
2.66
2.65

2.70
2.72
2.73
2.73
2.71

2.90
2.92
2.92
2.93
2.91

3.32
3.33
3.33
3.33
3.28

2.67
2.68
2.68
2.70
2.70

3.18
3.21
3.22
3.21
3.14

2.82
2.83
2.84
2.84
2.83

2.87
2.85
2.85
2.84

2.62
2.61
2.61
2.61

2.69
2.68
2.67
2.67

2.90
2.88
2.87
2.87

3.27
3.24
3.23
3.23

2.68
2.67
2.66
2.66

3.11
3.09
3.08
3.07

2.81
2.80
2.80
2.80

2.20

2.57
2.59
2.59
2.61
2.63

2.84
2.85
2.85
2.88
2.88

2.61
2.62
2.64
2.67
2.66

2.67
2.68
2.70
2.72
2.72

2.87
2.87
2.88
2.89
2.90

3.22
3.21
3.20
3.22
3.22

2.65
2.66
2.67
2.70

3.07
3.06
3.06
3.07
3.08

2.81
2.82
2.84
2.85
2.85

2.19
2.14
2.14
2.14

2.63
2.63
2.63
2.64

2.87
2.87
2.88
2.89

2.66
2.66
2.67
2.68

2.71
2.71
2.72
2.73

2.90
2.90
2.91
2.92

3.22
3.22
3.22
3.23

3.08
3.08
3.09
3.10

2.84
2.84
2.85
2.86

1.92
1.93
1.92
1.92

2.15
2.15
2.15
2.15

2.65
2.65
2.64
2.63

2.89
2.88
2.88
2.88

2.68
2.67
2.66
2.66

2.73
2.72
2.71
2.71

2.92
2.92
2.92
2.91

3.23
3.22
3.21
3.21

3.09
3.09
3.07
3.07

2.87
2.86
2.86
2.86

1.93
1.93
1.93
1.91
1.90

2.15
2.16
2.17
2.17
2.17

2.63
2.64
2.64
2.63
2.63

2.88
2.89
2.88
2.88
2.87

2.67
2.68
2.67
2.67
2.66

2.72
2.72
2.73
2.72
2.71

2.91
2.92
2.92
2.91
2.90

3.21
3.22
3.21
3.20
3.19

3.08
3.09
3.08
3.07
3.05

2.87
2.87
2.87
2.86
2.86

2.21
2.22

2.38
2.38
2.39
2.40
2.41

2.55
2.55
2.55
2.55
2.57

2.84
2.84
2.83
2.84
2.85

2.59
2.59
2.59
2.60
2.60

2.66
2.66
2.66
2.66
2.67

1.88

2.23

T

T

T

2.85
2.85
2.86
2.86

2.60
2.61
2.61
2.62

2.68
2.68
2.69

1

2.58
2.57
2.57
2.58

i
2.23
2.24

2.41
2.42
2.42
2.42

2.58
2.59
2.59
2.59

2.86
2.87
2.87
2.87

1.88
1.89
1.94
1.94
1.71

2.24
2.25
2.29
2.29
2.02

2.42
2.41
2.46
2.46
2.25

2.59
2.61
2.61
2.62
2.62

1.54
1.52
1.52
1.52

1.68
1.66
1.66
1.66

1.99

T

2.24
2.21
2.21
2.20

1.51
1.51
1.50
1.49
1.49

1.65
1.67
1.66
1.67
1.67

1.99
2.00
2.01
2.01

1

T

1.84
1.79
1.78
1.77

1.48
1.43
1.43
1.43

1.66
1.61
1.60
1.58

2.01
1.96
1.94
1.92

1.79
1.79
1.79
1.79

1.77
1.77
1.77
1.77

1.42
1.42
1.42
1.42

1.58
1.58
1.58
1.58

1.80
1.81
1.81
1.74
1.72

1.78
1.78
1.79
1.77
1.76

1.44
1.43
1.43
1.42
1.39

1.60
1.60
1.62
1.59
1.58

i

i

i

2.78
2.79

1

i
2.20

1.65
1.65
1.65
1.65

i
3.24
3.23

T

3.08
3.07
3.07
3.09

1.86
1.86
1.86
1.88
1.89

1.62
1.63
1.64
1.64

T

T

•

i
2.86
2.87

3.23
3.23
3.22
3.22
3.24

T

2.87
2.87
2.88
2.88

2.62
2.62
2.62
2.61

2.89
2.91
2.91
2.91
2.89

2.60
2.59
2.58
2.57

T

2.70

T

11.

BOND YIELDS, BY TYPE OF SECURITY — Continued
B.

WEEKLY, 1941-63 — Continued
[Per cent per annum]

Government bonds

Corporate bonds

State and local
Week ending—

1951 j

6 ..
13
20
27

United
States
(longterm)

Standard
and
Poor's

Moody's

Moody's

Total

Aaa

Aa

A

Baa

Standard
and
Poor's
AAA

By rating

By group

Total
Aaa

Aa

A

Baa

2.86
2.86
2.86
2.85

2.66
2.66
2.66
2.65

2.71

2.90
2.89
2.89
2.88

3.19
3.18
3.17
3.17

2.66
2.66
2.65
2.66

2.71
2.72

2.88
2.88
2.87
2.88

3.16
3.16
3.16
3.16

Industrial

Railroad

Public
utility

2.69

3.05
3.04
3.03
3.02

2.85
2.85
2.85
2.85

2.69
2.70

3.02
3.01
3.01
3.01

2.86
2.86
2.86
2.87

2.40
2.39
2.38
2.38

1.69
1.63
1.60
1.59

J-71

.67
1.60
1.59

1.35
1.32
1.29
1.28

1.50
1.46
1.38
1.37

1.86
1.80
1.73
1.72

2.11
2.10
1.98
1.99

Feb. 3
10
17
24

2.39
2.39
2.40
2.40

1.59
1.59
1.59
1.61

1.60
1.60
1.60
1.61

1.29
1.30
1.31
1.31

1.37
1.38
1.39
1.39

1.73
1.73
1.73
1.74

1.99
1.99
1.99
1.99

2.62

2.85
2.85
2.85
2.86

Mar 3
10
17
24
31

2.40
2.44
2.49
2.50
2.51

1.65
1.76
1.87
1.89
1.94

L.62
1.77
1.84
1.86

1.31
1.44
1.49
1.49
1.52

1.42
1.58
1.64
1.65
1.68

1.75
1.88
1.96
1.96
2.00

2.01
2.17
2.22
2.22
2.25

2.64
2.67
2.73
2.75
2.78

2.88
2.91
2.95
2.98
3.01

2.69
2.73
2.78
2.80
2.83

2.74
2.78
2.82
2.84
2.87

2.90
2.95
2.99
3.02
3.05

3.17
3.20
3.23
3.25
3.27

2.72
2.77
2.80
2.82
2.85

3.02
3.05
3.09
3.13
3.16

2.89
2.92
2.96
2.98
3.01

Apr 7
14
21
28

2.51
2.54
2.60
2.60

2.01
2.02
2.09
2.08

1.90
1.91
2.01
2.03

1.56
1.56
1.66
1.66

1.73
1.75
1.84
1.84

2.03
2.04
2.19
2.20

2.28
2.29
2.42
2.42

2.82
2.82
2.83
2.85

3.04
3.05
3.07
3.09

2.87
2.87
2.87
2.89

2.91
2.91
2.94
2.95

3.09
3.10
3.12
3.14

3.30
3.31
3.35
3.39

2.88
2.89
2.89
2.90

3.21
3.21
3.24
3.28

3.04
3.05
3.08
3.10

2.61
2.63
2.64
2.63

2.06
2.07
2.07
2.12

2.03
2.01
2.01
2.05

1.67
1.64
1.64
1.65

1.83
1.80
1.81
1.86

2.19
2.20
2.20
2.27

2.42
2.40
2.40
2.40

2.84
2.84
2.85
2.86

3.08
3.08
3.09
3.10

2.88
2.88
2.89
2.89

2.93
2.93
2.93
2.93

3.13
3.13
3.14
3.16

3.38
3.39
3.40
3.41

2.89
2.89
2.90
2.91

3.27
3.27
3.28
3.28

3.09
3.09
3.09
3.11

June 2
9
16 . .
23
30

2.63
2.64
2.64
2.65
2.66

2.12
2.19
2.20
2.23
2.26

2.06
2.20
2.20
2.23
2.29

1.65
1.75
1.75
1.77
1.83

1.87
2.01
1.99
2.01
2.09

2.27
2.41
2.42
2.46
2.49

2.45
2.62
2.62
2.68
2.74

2.87
2.86
2.88
2.92
2.95

3.10
3.11
3.14
3.18
3.21

2.89
2.90
2.92
2.96
2.99

2.94
2.94
2.96
3.02
3.05

3.16
3.16
3.19
3.22
3.26

3.42
3.44
3.47
3.50
3.54

2.91
2.92
2.95
2.98
3.00

3.29
3.29
3.32
3.35
3.37

3.11
3.11
3.14
3.20
3.26

July 7
14
21
28 . .

2.65
2.63
2.62
2.62

2.25
2.23
2.13
2.11

2.30
2.29
2.24
2.08

1.83
1.81
1.77
1.70

2.11
2.11
2.06
1.88

2.50
2.48
2.43
2.26

2.74
2.74
2.69
2.49

2.95
2.93
2.91
2.91

3.21
3.19
3.16
3.15

2.97
2.95
2.93
2.92

3.04
3.00
2.98
2.96

3.26
3.25
3.22
3.21

3.55
3.55
3.52
3.52

3.00
2.98
2.96
2.95

3.37
3.37
3.36
3.35

3.25
3.23
3.17
3.16

Aue 4 . . .
11.::::::::
18
25

2.62
2.59
2.56
2.55

2.06
2.05
2.03
2.02

2.07
2.04
2.02
2.02

1.66
1.66
1.65
1.65

1.88
1.86
1.86
1.85

2.26
2.24
2.20
2.20

2.47
2.40
2.36
2.36

2.92
2.89
2.87
2.83

3.15
3.14
3.12
3.11

2.91
2.89
2.87
2.86

2.96
2.94
2.92
2.91

3.20
3.19
3.17
3.17

3.52
3.52
3.51
3.50

2.94
2.93
2.92
2.91

3.34
3.33
3.30
3.30

3.15
3.15
3.13
3.12

Sept 1
8
15
22
29

2.55
2.54
2.55
2.55
2.58

2.02
2.02
2.02
2.06
2.08

2.00
1.99
2.00
2.01
2.03

1.64
1.63
1.64
1.65
1.67

J .83
.81
L.82
1.82
.84

2.20
2.18
2.20
2.22
2.23

2.33
2.33
2.34
2.35
2.36

2.84
2.82
2.82
2.82
2.81

3.10
3.09
3.08
3.08
3.08

2.85
2.84
2.84
2.83
2.83

2.91
2.89
2.88
2 88
2.89

3.16
3.15
3.14
3.15
3.15

3.49
3.48
3.45
3.45
3.45

2.90
2.89
2.89
2.88
2.89

3.30
3.28
3.26
3.26
3.27

3.11
3.09
3.09
3.09
3.10

Oct. 6
13. . .
20
27

2.60
2 60
2.62
2.62

2.09
2 09
2.09
2.06

2.06
2 07
2.09
2.09

1.68
1.68
1.69
1.69

1.86
t.88
1.87
L87

2.29
2.30
2.31
2.31

2.39
2.42
2.47
2.47

2.85
2.84
2.88
2.90

3.10
3.11
3.12
3.14

2.86
2.87
2.88
2.92

2.90
2.90
2.92
2.97

3.16
3.17
3.17
3.20

3.47
3.48
3.51
3.53

2.91
2.92
2.94
2.96

3.27
3.29
3.29
3.34

3.11
3.11
3.14
3.17

a n

Mav 5
19
26

...




.81

2.62

T

T

T

Nov. 3
10
17
24

2.62
2.63
2.65
2.69

2.06
2.06
2.05
2.06

2.09
2.08
2.06
2.07

1.69
1.68
1.68
1.69

1.87
1.86
1.84
1.84

2.31
2.30
2.27
2.28

2.47
2.47
2.46
2.46

2.95
2.97
2,95
2.99

3.18
3.19
3.19
3.21

2.95
2.96
2.96
2.97

3 00
3.00
3 01
3.03

3 23
3^24
3 24
3.27

3.54
3.54
3.55
3.57

2.97
2.97
2 97
2!98

3 39
3.40
3 41
3.44

3.19
3.20
3.20
3.21

Dec. 1
8
15

2.68
2.69
2.67
2.70
2.74

2.09
2.09
2.09
2.10
2.13

2.09
2.09
2.09
2.12
2.17

1.69
1.70
1.69
1.73
1.77

1.85
1.86
1.86
1.89
1.94

2.32
2.32
2.32
2.32
2.36

2.48
2.49
2.49
2.53
2.59

3.01
2.99
3.00
3.00
3.05

3.22
3.24
3.25
3.25
3.26

2.97
2.99
3.00
3.01
3.03

3 04
3 05
3 06
3 06
3.07

3.29
3.30
3.31
3 30
3.31

3.58
3.60
3.61
3 63
3.63

2.98
2.99
2.99
3 00
3.01

3 46
3.47
3 50
3.51
3.52

3.23
3.25
3.25
3.24
3.25

1952—Jan. 5....
12
19
26

2.74
2.75
2.75
2.73

2.13
2.12
2.10
2.09

2.18
2.17
2.11
2.12

1.77
1.75
1.73
1.73

1.96
1.94
1.89
1.90

2.38
2.34
2.28
2.28

2.62
2.63
2.55
2.56

3.03
2.99
2.96
2.93

3.27
3.26
3.24
3.23

3.03
3.01
2.99
2.97

3 08
3 08
3 06
3.04

3.34
3J3
3 32
3^31

3.63
3.61
3 60
3^58

3.02
3!o2

3 53
3.51
3.49
3.46

3.27
3.26
3.24
3.22

Feb. 2
9
16
23....

2.71
2.71
2.71
2.70

2.08
2.04
2.04
2,04

2.12
2.11
2.11
2.11

1.73
1.73
1.73
1.72

1.90
1.90
1.90
1.90

2.27
2.26
2.25
2.24

2.56
2.56
2.56
2.56

2.91
2.89
2.89
2.91

3.20
3.18
3.17
3.18

2.95
2.93
2.91
2.93

3.01
3.00
3 00
3.02

3 29
3.26
3 24
3.24

3.55
3.54
3 52
3.'52

2.97
2.97
2 97

2.'97

3.43
3.39
3 37
3.37

3.20
3.18
3.18
3.19

Mar. 1....
8
15....
22....
29....

2.70
2.71
2.71
2.70
2.68

2.04
2.07
2.08
2.07
2.07

2.09
2.10
2.10
2.09
2.09

1.71
1.72
1.72
1.72
1.72

1.89
1.87
1.88
1.87
1.87

2.23
2.25
2.25
2.23
2.22

2.54
2.54
2.54
2.53
2.54

2.93
2.94
2.97
2.94
2.94

3.18
3.19
3.19
3.19
3.18

2.95
2.96
2.97
2.97
2.96

3.02
3.02
3.03
3.03
3.02

3.24
3.25
3 25
3 23
3.23

3 53
3.52
3.52
3 50
3.51

2.98
2.99
2.99
2 99
2.98

3.38
3.37
3.36
3.36
3.36

3.20
3.22
3.22
3.21
3.21

^•il::::

2.68
2.69
2.63
2.60

2.03
2.00
2.00
2.00

2.07
2.05
2.02
2.03

1.70
1.70
1.65
1.65

1.85
1.84
1.82
1.82

2.17
2.15
2.13
2.14

2.54
2.50
2.48
2.49

2.94
2.92
2.93
2.92

3.17
3.17
3.16
3.16

2.95
2.94
2.93
2.93

3 02
3.02
3.01
3.00

3.22
3 21
3 21
3.19

3.50
3^49
3 50
3.51

2.98
2^98
2 98
2.97

3 34
3.33
3.32
3.31

3.20
3.19

2.58
2.56
2.56
2.58
2.60

2.00
2.02
2.05
2.06
2.07

2.03
2.03
2.05
2.06
2.11

1.65
1.66
1.66
1.67
1.72

1.81
1.81
1.82
1.83
1.87

2.15
2.15
2.17
2.18
2.22

2.49
2.50
2.54
2.56
2.59

2.91
2.92
2.92
2.91
2.93

3.16
3.16
3.15
3.16
3.16

2.92
2.93
2.92
2.93
2.93

3 00

3.19
3.20

2.97
2.97
2.97
2 97
2.*98

T

3.01

3.50
3.50
3.48
3 49
3^49

2.62
2.61
2.61
2.62

2.08
2.10
2.11
2.12

2.11
2.14
2.14
2.15

1.72
1.73
1.73
1.74

.90
.94
.94
1.94

2.23
2.25
2.25
2.26

2.60
2.62
2.64
2.65

2.93
2.93
2.93 •
2.93

3.16
3.16
3.17
3.17

2.93
2.93
2.94
2.93

3 02
3.02
3 03
3.03

3.20

i

3.50
3.50
3 51
3^50

2.98
2.98
2 99
2!98

3.31
3.32
3 33
3.33

2.62
2.61
2.59
2.60

2.12
2.12
2.12
2.13

2.16
2.16
2.17
2.18

1.75
1.75
1.76
1.76

1.94
1.95
1.95
1.98

2.28
2.28
2.30
2.30

2.67
2.67
2.67
2.68

2.92
2.93
2.95
2.94

3.17
3.17
3.17
3.18

2.94
2.95
2.95
2.95

3.03
3.03
3.04
3.05

3.19
3 19
3 19
3.20

3.50
3.50
3 50
3.50

2.98
2.98
2 99
2.99

3.33
3.32
3.33
3.34

2.63
2.69
2.72
2.69
2.70

2.13
2.14
2.21
2.25
2.28

2.18
2.18
2.22
2.25
2.26

1.76
1.76
1.78
1.78
1.78

1.98
1.98
2.02
2.05
2.06

2.31
2.31
2.35
2.42
2.44

2.68
2.68
2.73
2.74
2.77

2.94
2.94
2.95
2.96
2.94

T

2.94
2.95
2.94
2.95
2.95

3.05
3.05
3.06
3.06
3.06

3.20
3.20
3 20
3 21
. 3.22

3.51
3.52
3 51
3 51
3.51

2.99
3.00
3.00
3 01
3.01

3.34
3.34
3.34
3.34
3.35

Sept. 6
13...,
20...,
27....

2.67
2.68
2.71
2.75

2.28
2.31
2.34
2.37

2.28
2.31
2.40
2.40

1.81
1.83
2.00
2.00

2.09
2.09
2.18
2.18

2.44
2.50
2.54
2.54

2.77
2.81
2.89
2.89

2.93
2.95
2.95
2.99

1
3.18
3.19
3.20

2.94
2.94
2.95
2.97

3.06
3 06
3 07
3.07

3.21
3 22
3 22
3.22

3.52
3.52
3 53
3.54

3.01
3.01
3.02
3.02

3.35
3.35
3.36
3.37

3.21

Oct. 4...
11...,
18...,
25....

2.78
2.76
2.75
2.73

2.39
2.42
2.43
2.43

2.43
2.45
2.45
2.45

2.00
1.99
2.00
2.00

2.19
2.19
2.20
2.20

2.58
2.63
2.63
2.62

2.95
2.98
2.98
2.98

3.00
3.01
3.04
3.03

3.21
3.21
3.22
3.23

2.99
3.01
3.02
3.02

3.08
3.08
3 09
3.09

3.23
3.23
3 25
3.26

3.53
3.54
3^54
3.55

3.03
3.05
3*05
3.07

3.38
3.38
3.39
3.40

3.21
3.22
3.22
3.23

Nov. 1....
8....
15....
22....
29....

2.71
2.69
2.71
2.71
2.71

2.41
2.39
2.40
2.40
2.40

2.41
2.41
2.41
2.41
2.42

1.96
1.98
t.98
L.97
1.97

2.16
2.18
2.18
2.18
2.18

2.59
2.59
2.59
2.59
2.60

2.92
2.89
2.90
2.90
2.91

3.01
3.00
2.99
2.98
2.96

3.22
3.22
3.21
3.20
3.19

3.01
3.00
2.98
2.98
2.97

3.08
3.07
3 06
3 06
3.05

3 25
3.25
3.24
3 23
3.23

3.55
3.54
3.54
3 53
3.52

3.07
3.06
3.05
3 05
3!05

3.39
3.38
3.37
3.37
3.35

3.22
3.21
3.19
3.19
3.18

Dec. 6....
13....
20....
27

2.72
2.72
2.76
2.79

2.39
2.39
2.40
2.41

2.42
2.44
2.44
2.45

1.97
1.96
1.96
1.96

2.62
2.66
2.67
2.67

2.91
2.92
2.92
2.93

2.96
2.97
2.98
3.00

3.18
3.19
3.19
3.19

2.97
2.96
2.98
2.98

3.04
3.04
3 05
3.06

3 22
3.22
3 22
3.23

3 51
3.51
3.50
3.50

3.04
3.04
3 03
3^04

3.34
3.33
3 34
3.35

3.18
3.19
3.20
3.20

i:::: i

19
26....
May 3....
10....
17
24....
31...,
June 7....
14...,
21...,
28....

Ju

M::::

19...
26...
Aug. 2....
9....
16...
23....
30...,




1

2.19
2.21
• 2.22
>.24

3.01
3.00
3 01

T

3 01
2.99

T

i
3.19
3.20

11.

BOND YIELDS, BY TYPE OF SECURITY —Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]

Government bonds

Corporate bonds

State and local
Week ending—

United
States
(longterm)

Moody's
Standard
and
Poor's
AAA

Moody's

Standard
and
Poor's

Total

Aaa

Aa

By rating

By group

Total

Baa

Baa

Aa

Industrial

Railroad

Public
utility

1953_jan. 3,
10,
17
24,
31

2.80
2.79
2.80
2.80
2.80

2.42
2.43
2.47
2.48
2.50

2.46
2.47
2.51
2.54
2.56

1.96
1.98
2.02
2.06
2.07

2.25
2.26
2.29
2.31
2.33

2.67
2.68
2.72
2.74
2.76

2.94
2.96
3.00
3.05
3.06

2.99
3.00
3.04
3.03
3.04

3.20
3.20
3.21
3.23
3.24

2.99
2.99
3.01
3.04
3.05

3.06
3.07
3.08
3.11
3.12

3.23
3.23
3.24
3.26
3.27

3.50
3.51
3.51
3.52
3.52

3.04
3.05
3.05
3.09
3.10

3.34
3.35
3.36
3.37
3.38

3.20
3.21
3.22
3.24
3.25

Feb. 7,
14
21
28

2.81
2.81
2.82
2.88

2.51
2.51
2.55
2.60

2.59
2.61
2.65
2.74

2.09
2.11
2.13
2.21

2.36
2.40
2.40
2.46

2.80
2.83
2.90
2.98

3.09
3.10
3.18
3.29

3.04
3.06
3.07
3.08

3.24
3.26
3.27
3.28

3.05
3.06
3.08
3.09

3.13
3.14
3.15
3.15

3.28
3.30
3.31
3.33

3.51
3.53
3.54
3.54

3.10
3.11
3.12
3.12

3.37
3.38
3.39
3.41

3.26
3.28
3.30
3.30

Mar. 7
14
21
28

2.87
2.87
2.88
2.94

2.61
2.61
2.61
2.61

2.75
2.75
2.76

2.22
2.20
T

2.48
2.49
2.49
2.49

3.00
3.00
3.00
3.00

3.30
3.32
3.35
3.35

3.09
3.09
3.10
3.12

3.29
3.29
3.30
3.33

3.11
3.10
3.12
3.14

3.16
3.16
3.18
3.21

3.34
3.35
3.36
3.37

3.55
3.56
3.56
3.58

3.14
3.15
3.16
3.18

3.42
3.43
3.44
3.44

3.31
3.31
3.33
3.36

Apr.4
18
25

2.91
2.91
2.97
3.00

2.63
2.61
2.61
2.62

2.76

2.20

2.49
2.50
2.50
2.50

3.00
2.99
3.00
2.99

3.35
3.36
3.35
3.35

3.15
3.16
3.20
3.22

3.35
3.37
3.40
3.43

3.18
3.19
3.22
3.25

3.24
3.25
3.29
3.33

3.39
3.41
3.44
3.46

3.60
3.61
3.64
3.67

3.21
3.23
3.26
3.28

3.46
3.47
3.50
3.54

3.38
3.39
3.43
3.47

May 2
9
16
23
30

3.05
3.10
3.10
3.11
3.15

2.66
2.70
2.72
2.74
2.77

2.78
2.81
2.84
2.85
2.89

2.22
2.27
2.29
2.32
2.38

2.51
2.53
2.57
2.59
2.64

3.01
3.05
3.06
3.08
3.09

3.36
3.40
3.42
3.42
3.43

3.29
3.32
3.34
3.31
3.34

3.46
3.51
3.53
3.54
3.55

3.28
3.33
3.35
3.35
3.35

3.36
3.40
3.41
3.42
3.43

3.50
3.54
3.58
3.59
3.62

3.72
3.76
3.77
3.78
3.80

3.33
3.37
3.38
3.39
3.41

3.57
3.61
3.63
3.63
3.66

3.50
3.55
3.57
3.59
3.59

June 6
13
20
27

3.19
3.14
3.13
3.09

2.89
2.92
3.01
3.14

3.00
3.09
3.18
3.20

2.51
2.61
2.71
2.73

2.73
2.83
2.91
2.96

3.25
3.29
3.34
3.32

3.49
3.64
3.76
3.79

3.38
3.39
3.41
3.38

3.58
3.61
3.63
3.62

3.39
3.41
3.42
3.41

3.45
3.50
3.52
3.51

3.65
3.68
3.68
3.68

3.82
3.85
3.88
3.89

3.45
3.48
3.50
3.49

3.68
3.73
3.75
3.75

3.60
3.62
3.63
3.63

July 4
11
18
25

3.04
3.03
3.02
3.01

3.07
3.02
2.99
2.95

3.17
3.03
2.98
2.99

2.71
2.56
2.51
2.52

2.95
2.79
2.74
2.75

3.28
3.16
3.13
3.14

3.74
3.60
3.55
3.55

3.33
3.28
3.26
3.25

3.59
3.57
3.54
3.53

3.36
3.31
3.28
3.26

3.46
3.43
3.41
3.41

3.66
3.64
3.62
3.59

3.88
3.87
3.86
3.86

3.45
3.43
3.42
3.41

3.72
3.70
3.67
3.64

3.60
3.57
3.54
3.54

Aug. 1
8
29

3.03
3.01
3.02
3.01
3.02

2.93
2.91
2.89
2.86
2.88

2.99
2.98
2.99
2.98
2.97

2.52
2.50
2.48
2.46
2.46

2.75
2.73
2.71
2.69
2.67

3.14
3.14
3.16
3.16
3.16

3.56
3.56
3.61
3.61
3.60

3.22
3.21
3.21
3.22
3.25

3.52
3.50
3.50
3.51
3.52

3.24
3.22
3.22
3.24
3.26

3.38
3.38
3.38
3.39
3.40

3.58
3.57
3.56
3.55
3.56

3.85
3.84
3.84
3.85
3.87

3.39
3.37
3.36
3.37
3.38

3.62
3.61
3.61
3.61
3.63

3.53
3.53
3.54
3.55
3.56

Sept. 5
12
19
26

3.04
3.03
3.01
2.93

2.89
2.91
2.92
2.86

2.99
3.00
3.01
2.97

2.48
2.48
2.51
2.47

2.68
2.68
2.70
2.66

3.18
3.19
3.20
3.16

3.61
3.63
3.63
3.59

3.27
3.28
3.29
3.25

3.54
3.55
3.55
3.54

3.29
3.30
3.31
3.30

3.42
3.43
3.45
3.44

3.57
3.57
3.57
3.56

3.87
3.88
3.89
3.88

3.39
3.40
3.41
3.40

3.64
3.65
3.66
3.66

3.58
3.59
3.60
3.58

Oct. 3
10
17
24
31

2.87
2.83
2.84
2.83
2.82

2.84
2.78
2.72
2.70
2.66

2.94
2.91
2.80
2.78
2.70

2.45
2.41
2.32
2.29
2.19

2.63
2.59
2.47
2.45
2.37

3.12
3.08
2.97
2.93
2.83

3.57
3.54
3.48
3.46
3.40

3.20
3.19
3.16
3.14
3.11

3.52
3.48
3.45
3.43
3.40

3.24
3.19
3.16
3.14
3.12

3.41
3.37
3.34
3.32
3.28

3.53
3.51
3.48
3.46
3.43

3.87
3.85
3.82
3.81
3.79

3.38
3.36
3.34
3.31
3.29

3.62
3.59
3.56
3.54
3.52

3.54
3.49
3.56
3.44
3.41

15
22




T

Nov. 7
14....
21
28....

2.83
2.86
2.86
2.88

2.64
2.62
2.61
2.60

2.68
2.62
2.64
2.63

2 .18
2.12
2.14
2.14

2.36
2.29
2.30
2.29

2.81
2.75
2.78
2.78

3.36
3.30
3.32
3.32

3.07
3.07
3.09
3.10

3.38
3.37
3.39
3.39

3.09
3.10
3.13
3.13

3.25
3.25
3.27
3.28

3.40
3.39
S.40
3.40

3.78
3.75
3.75
3.75

3.26
3.26
3.28
3.27

3.50
3.50
3.51
3.52

3.38
3.37
3.38
3.38

Dec. 5....
12....
19
26....

2.85
2.79
2.78
2.78

2.60
2.59
2.59
2.60

2.66
2.67
2.67
2.67

2.17
2.18
2.17
2.18

2.31
2.31
2.31
2.32

2.81
2.83
2.83
2.83

3.35
3.35
3.35
3.33

3.11
3.09
3.08
3.09

3.39
3.39
3.38
3.39

3.14
3.13
3.12
3.12

3.29
3.28
3.27
3.28

3.41
3.40
3.40
3.40

3.74
3.73
3.73
3.73

3.27
3.27
3.27
3.28

3.53
3.52
3.52
3.52

3.38
3.37
3.36
3.36

1954—Jan. 2....
9
16....
23
30....

2.74
2.74
2.72
2.67
2.64

2.58
2.56
2.52
2.47
2.43

2.67
2.66
2.64
2.61
2.56

2.19
2.16
2.14
2.11
2.07

2.32
2.32
2.29
2.27
2.23

2.84
2.83
2.81
2.79
2.74

3.32
3.32
3.30
3.26
3.20

3.08
3.06
3.04
3.01
2.99

3.39
3.37
3.35
3.33
3.30

3.12
3.09
3.08
3.06
3.03

3.27
3.26
3.24
3.21
3.18

3.40
3.38
3.37
3.34
3.31

3.74
3.74
3.72
3.70
3.67

3.28
3.27
3.25
3.22
3.18

3.51
3.50
3.49
3.46
3.43

3.36
3.34
3.32
3.30
3.28

Feb. 6
13
20....
27....

2.64
2.61
2.62
2.58

2.42
2.39
2.39
2.37

2.55
2.54
2.54
2.51

2.06
2.06
2.06
2.04

2.21
2.21
2.20
2.20

2.73
2.70
2.70
2.65

3.20
3.20
3.20
3.16

2.95
2.90
2.91
2.88

3.27
3.23
3.22
3.21

2.99
2.94
2.93
2.92

3.16
3.12
3.11
3.10

3.29
3.26
3.24
3.23

3.65
3.62
3.60
3.58

3.16
3.13
3.11
3.10

3.40
3.34
3.34
3.33

3.27
3.23
3.22
3.20

Mar. 6....
13
20....
27

2.55
2.54
2.52
2.52

2.36
2.36
2.36
2.40

2.50
2.48
2.48
2.51

2.03
2.02
2.04
2.06

2.18
2.16
2.17
2.19

2.63
2.61
2.61
2.66

3.16
3.14
3.10
3.12

2.85
2.82
2.81
2.82

3.18
3.15
3.13
3.12

2.89
2.86
2.85

3.20
3.16
3.15

T

3.07
3.04
3.02
3.00

3.56
3.53
3.50
3.47

3.07
3.05
3.04
3.03

3.31
3.26
3.23
3.20

3.17
3.14
3.13
3.13

Apr. 3
10....
17....
24

2.51
2.48
2.49
2.48

2.44
2.46
2.47
2.48

2.54
2.55
2.57
2.57

2.10
2.12
2.16
2.16

2.22
2.23
2.27
2.27

2.68
2.67

3.16
3.16
3.18
3.18

2.81
2.81
2.80
2.81

3.12
3.12
3.11
3.12

i
2.85

3.00
3.00
2.99
3.00

3.47
3.47
3.46
3.47

3.04
3.04
3.04
3.04

3.19
3.19
3.18
3.19

3.13
3.12
3.12
3.12

M a y 1....
8
15....
22
29....

2.47
2.49
2.53
2.56
2.58

2.48
2.47
2.47
2.50
2.53

2.58
2.58
2.58
2.59
2.59

2.17
2.17
2.17
2.18
2.18

2.29
2.29
2.29
2.29
2.29

2.83
2.83
2.83
2.85
2.86

3.13
3.13
3.12
3.13
3.14

2.87
2.87
2.87
2.87
2.89

3.01
3.02
3.01
3.03
3.04

1

i
2.67

3.19
3.19
3.19
3.20
3.22

3.15
3.14
3.15
3.16

3.47
3.47
3.47
3.47
3.48

3.05
3.05
3.05
3.05
3.08

3.20
3.20
3.20
3.21
3.21

3.13
3.13
3.12
3.13
3.14

June 5....
12....
19....
26

2.59
2.57
2.54
2.52

2.54
2.54
2.52
2.42

2.61
2.61
2.60
2.52

2.20
2.21
2.18
2.10

2.30
2.30
2.30
2.24

2.69
2.68
2.66
2.60

3.24
3.25
3.25
3.14

2.89
2.88
2.87
2.86

3.16
3.16
3.15
3.15

2.91
2.91
2.90
2.90

3.07
3.06
3.05
3.05

3.17
3.17
3.18
3.17

3.49
3.50
3.49
3.49

3.10
3.10
3.10
3.09

3.23
3.24
3.23

3.15
3.15
3.14
3.14

July 3....
10....
17....
24....
31

2.52
2.49
2.46
2.46
2.46

2.38
2.35
2.35
2.29
2.26

2.46
2.43
2.39
2.34
2.32

2.04
2.03
.99
.92
.92

2.19
2.15
2.13
2.04
2.04

2.52
2.49
2.46
2.42
2.39

3.09
3.05
2.99
2.96
2.93

2.87
2.87
2.85
2.85
2.83

3.16
3.16
3.16
3.15
3.15

2.90
2.90
2.89
2.88
2.88

3.05
3.05
3.05
3.04
3.04

3.18
3.18
3.18
3.18
3.17

3.49
3.50
3.50
3.50
3.50

3.10
3.10
3.10
3.09
3.09

2.45
2.48
2.49
2.50

2.24
2.23
2.23
2.23

2.30
2.31
2.30
2.30

.90
.90
.90
.90

2.00
2.00
2.00
2.00

2.38
2.38
2.37
2.37

2.93
2.94
2.94
2.94

2.83
2.83
2.83
2.84

3.14
3.14
3.13
3.13

2.87
2.87
2.86
2.87

3.03
3.02
3.02
3.03

3.16
3.16
3.14
3.13

3.50
3.49
3.49
3.47

3.08
3.08
3.06
3.06

2.51
2.52
2.52
2.53

2.24
2.26
2.31
2.33

2.31
2.32
2.35
2.37

.90
.91
.93
.96

2.01
2.02
2.04
2.06

2.38
2.40
2.43
2.44

2.94
2.95
2.99
3.01

2.84
2.85
2.85
2.84

3.13
3.13
3.13
3.14

2.88
2.89
2.89
2.89

3.03
3.04
3.04
3.05

3.13
3.13
3.13
3.14

3.47
3.47
3.47
.3.48

3.06
3.06
3.07
3.07

i
3.21

3.22

3.12
3.12
3.13
3.13

Oct. 2...
9...
16...
23...
30...

2.53
2.52
2.52
2.55
2.56

2.33
2.34
.2.32
2.30
2.30

2.38
2.38
2.37
2.36
2.35

.97
1.97
1.97
1.97
1.96

t

2.46
2.46
2.45
2.43
2.39

3.01
3.01
3.01
2.98
2.98

2.84
2.84
2.85
2.84
2.85

3.14
3.14
3.13
3.13
3.12

2.89
2.88
2.88
2.87
2.87

3.05
3.05
3.04

3.14
3.14
3.14
3.14
3.13

3.48
3.48
3.47
3.46
3.45

3.06
3.06
3.06
3.05
3.05

3.23
3.23
3.22
3.22
3.22

3.12
3.12
3.12
3.11
3.10

Nov. 6. ..
13...
20...
27...

2.56
2.57
2.57
2.58

2.30
2.28
2.28
2.28

2.34
2.34
2.34
2.34

1.95
1.95
1.95
1.96

2.06
2.04
2.05

2.39
2.39
2.39
2.40

2.96
2.96
2.96
2.96

2.86
2.85
2.86
2.85

3.13
3.13
3.13
3.12

2.88
2.89
2.89
2.88

i
3.04
3.03

3.14
3.14
3.13
3.13

3.46
3.45

3.06
3.06
3.05
3.06

3.22
3.23
3.22
3.22

3.11
3.11
3.11
3.10

Dec. 4...
11...
18...
25...,

2.58
2.57
2.59
2.60

2.29
2.31
2.34
2.35

2.35
2.36
2.42
2.43

1.96
1.98
2.03
2.03

2.05
2.07
2.13
2.14

2.41
2.41
2.51
2.53

2.96
2.97
2.99
3.00

2.86
2.86
2.88
2.89

3.13
3.13
3.13
3.14

2.89
2.89
2.90
2.91

3.04
3.03
3.04
3.05

3.13
3.13
3.14
3.14

3.06
3.06
3.06
3.07

3.22
3.22
3.23
3.24

3.10
3.10
3.10
3.11

AU8

-J::::

21...,
28....
Sept. 4...,
11...
18...,
25...,




1

T

T

T

T

i
3.45

T

i
3.23
3.22
3.22
3.21

T

3.14
3.14
3.14
3.13
3.13
3.12
3.12
3.11
3.12

11.

BOND YIELDS, BY TYPE OF SECURITY — Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]
Corporate bonds

Government bonds

Moody's

State and local
Week ending—

United
States
(longterm)

Moody's

Standard
and
Poor's

Total

Aaa

Aa

Baa

Standard
and
Poor's
AAA

By rating

By group

Total
Aaa

Baa

Aa

Industrial

Railroad

Public
utility

1955—Jan. 1,
8,
15,
22,
29,

2.60
2.64
2.67
2.68
2.70

2.35
2.36
2.40
2.40
2.41

2.44
2.45
2.47
2.49
2.51

2.04
2.06
2.09
2.11
2.11

2.15
2.18
2.23
2.24
2.28

2.53
2.54
2.54
2.55
2.58

3.02
3.02
3.03
3.05
3.06

2.89
2.88
2.88
2.91
2.91

3.14
3.14
3.14
3.15
3.16

2.92
2.91
2.92
2.93
2.94

3.05
3.05
3.05
3.07
3.07

3.15
3.15
3.15
3.16
3.16

3.44
3.45
3.45
3.46
3.46

3.07
3.07
3.08
3.08
3.09

3.24
3.24
3.24
3.25
3.26

3.11
3.10
3.11
3.12
3.12

Feb. 5
12,
19
26

2.73
2.75
2.78
2.82

2.43
2.41
2.41
2.43

2.50
2.50
2.49
2.49

2.10
2.11
2.10
2.10

2.25

2.58
2.57
2.56
2.56

3.05
3.05
3.04
3.04

2.94
2.94
2.97
2.97

3.17
3.17
3.19
3.20

2.97
2.97
2.99
3.02

3.09
3.09
3.11
3.12

3.16
3.16
3.17
3.17

3.46
3.47
3.47
3.48

3.11
3.11
3.12
3.14

3.28
3.27
3.29
3.30

3.14
3.13
3.15
3.16

Mar. 5
12
19
26

2.80
2.78
2.76
2.76

2.46
2.45
2.45
2.44

2.49
2.49
2.49
2.50

2.09
2.09
2.10
2.08

2.25
2.26

2.56
2.56
2.56
2.57

3.06
3.07
3.07
3.08

2.98
2.98
2.98
2.97

3.21
3.21
3.21
3.20

3.03
3.04
3.03
3.01

3.13
3.13
3.14
3.13

3.18
3.19
3.19
3.19

3.48
3.49
3.49
3.48

3.15
3.15
3.15
3.14

3.30
3.31
3.31
3.30

3.17
3.17
3.17
3.17

Apr. 2
9

2.80
2.82
2.82
2.82
2.82

2.44
2.44
2.43
2.42
2.41

T

2.26
2.26
2.26
2.26
2.25

T

2.97
2.97
2.99
2.99
2.99

3.20
3.20
3.20
3.20
3.21

T

2.50

2.08
2.09
2.08
2.08
2.08

T

16
23
30

3.01

3.13
3.13
3.12
3.13
3.14

3.18
3.18
3.19
3.19
3.19

3.48
3.48
3.48
3.48
3.49

3.14
3.14
3.14
3.14
3.15

3.30
3.30
3.30
3.30
3.31

3.16
3.16
3.17
3.17
3.17

May 7
14
21
28

2.82
2.81
2.80
2.80

2.41
2.41
2.40
2.42

2.49
2.49
2.47
2.47

2.08
2.07
2.05
2.05

2.25
2.25
2.22
2.22

3.08
3.06
3.06

3.00
3.02
3.02
3.03

3.21
3.23

3.02
3.04
3.04
3.05

3.14
3.15
3.15
3.15

3.20
3.21
3.22
3.23

3.49
3.50
3.49
3.50

3.16
3.16
3.17
3.17

3.31
3.32
3.32
3.33

3.18
3.20
3.20
3.20

June 4
11
18
25

2.79
2.80
2.81
2.83

2.45
2.45
2.46
2.48

2.47
2.47
2.48
2.49

2.06
2.07
2.08
2.09

2.21
2.21
2.22
2.22

3.06
3.06
3.07
3.10

3.03
3.03
3.03
3.04

3.05
3.04
3.05

I

3.15
3.15
3.14

3.23
3.22
3.22
3.23

3.50
3.50
3.51
3.51

3.17
3.17
3.17
3.18

3.32
3.31
3.31
3.31

3.21
3.20
3.21
3.21

July 2
9
16
23
30

2.86
2.86
2.88
2.92
2.96

2.55
2.60
2.62
2.62
2.64

2.53
2.58
2.62
2.63
2.64

2.14
2.19
2.23
2.24
2.27

2.26
2.32
2.37
2.38
2.38

2.62
2.67
2.70
2.71
2.71

3.11
3.14
3.17
3.17
3.18

3.02
3.04
3.02
3.04
3.06

3.23
3.24
3.24
3.24
3.25

3.14
3.15

3.51
3.51
3.52
3.52
3.53

3.17
3.17
3.18
3.18
3.20

3.31
3.32
3.31
3.32
3.33

3.22
3.22
3.21
3.21
3.22

Aus.6

2.97
2.94
2.94
2.95

2.66
2.66
2.66
2.69

2.67
2.69
2.70
2.71

2.29
2.34
2.34
2.34

2.42
2.42
2.43
2.44

2.76
2.79
2.79
2.82

3.21
3.21
3.22
3.23

3.07
3.10
3.11
3.12

3.27
3.28
3.29
3.30

3.07
3.09
3.10
3.12
3.12

3.23
3.23
3.23
3.23
3.25

3.17
3.18
3.20
3.21

3.25
3.27
3.28
3.30

3.55
3.56
3.57
3.58

3.22
3.23
3.26
3.26

3.34
3.36
3.36
3.37

3.23
3.24
3.26
3.28

2.95
2.92
2.93
2.92

2.69
2.68
2.64
2.60

2.71
2.72
2.71
2.68

2.34
2.34
2.32
2.27

2.44
2.46
2.44
2.43

2.83
2.83
2.83
2.78

3.23
3.25
3.25
3.25

3.12
3.12
3.12
3.13

3.31
3.32
3.31
3.31

3.13
3.14
3.13
3.13

3.22
3.23
3.22
3.22

3.31
3.31
3.31
3.32

3.58
3.59
3.59
3.58

3.27
3.27
3.25
3.25

3.38
3.40
3.40
3.40

3.29
3.29
3.29
3.29

2.90
2.88
2.86
2.86
2.86

2.58
2.57
2.56
2.56
2.54

2.66
2.66
2.64
2.62
2.63

2.27
2.27
2.25
2.24
2.24

2.39
2.37
2.36
2.34
2.35

2.75
2.75
2.74
2.71
2.70

3.23
3.23
3.22
3.20
3.23

3.11
3.09
3.08
3.09
3.09

3.31
3.30
3.30
3.30
3.30

3.12
3.12
3.11
3.10
3.10

3.21
3.20
3.19
3.19
3.19

3.31
3.29
3.29
3.31
3.31

3.59
3.59
3.59
3.59
3.58

3.24
3.24
3.24
3.23
3.23

3.39
3.38
3.38
3.39
3.39

3.29
3.27
3.27
3.28
3.28

20
27

Sept. 3
10
17
24
Oct. 1
8
15
22
29




T

2.57

2.56
2.55

T

T

T
3.i>5

Nov. 5
12
19
26

2.84
2.87
2.89
2.91

2.52
2.51
2.52
2.56

2.59
2.59
2.59
2.61

2.19
2.19
2.19
2.21

2.30
2.30
2.30
2.33

2.68
2.68
2.68
2.70

3.19
3.19
3.19
3.20

3.08
3.07
3.07
3.08

3.30
3.28
3.28
3.30

3.10
3.08
3.08
3.11

3.19
3.18
3.18
3.19

3.31
3.29
3.28
3.30

3.59
3.58
3.58
3.59

3.23
3.21
3.21
3.22

3.38
3.38
3.37
3.38

3.28
3.27
3.27
3.29

Dec. 3
10
17
24
31

2.91
2.90
2.91
2.91
2.92

2.63
2.68
2.72
2.72
2.72

2.67
2.68
2.71
2.73
2.73

2.27
2.28
2.30
2.30
2.30

2.41
2.43
2.47
2.50
2.50

2.75
2.76
2.83
2.85
2.85

3.24
3.25
3.25
3.25
3.26

3.11
3.12
3.18
3.19
3.16

3.31
3.32
3.34
3.35
3.34

3.12
3.13
3.17
3.17
3.16

3.20
3.20
3.23
3.24
3.23

3.30
3.32
3.34
3.34
3.34

3.59
3.61
3.62
3.63
3.63

3.23
3.24
3.26
3.27
3.27

3.39
3.41
3.43
3.43
3.43

3.29
3.30
3.32
3.32
3.32

1956—Jan. 7
14
21
28

2.92
2.90
2.87
2.87

2.71
2.65
2.61
2.59

2.72
2.69
2.68
2.67

2.29
2.27
2.27
2.27

2.48
2.46
2.45
2.45

2.83
2.79
2.76
2.74

3.26
3.25
3.22
3.22

3.15
3.11
3.08
3.07

3.33
3.32
3.30
3.29

3.14
3.13
3.11
3.09

3.22
3.21
3.19
3.18

3.33
3.32
3.30
3.28

3.62
3.61
3.60
3.59

3.25
3.24
3.23
3.21

3.43
3.43
3.40
3.39

3.31
3.29
3.27
3.26

Feb. 4
11
18
25

2.85
2.85
2.84
2.87

2.59
2.56
2.55
2.58

2.66
2.64
2.62
2.62

2.24
2.18
2.17
2.17

2.44
2.40
2.38
2.37

2.75
2.74
2.72
2.72 •

3.22
3.22
3.20
3.20

3.06
3.08
3.06
3.06

3.28
3.28
3.27
3.27

3.09
3.08
3.07
3.07

3.17
3.17
3.16
3.15

3.28
3.28
3.28
3.27

3.59
3.58
3.58
3.58

3.20
3.20
3.20
3.19

3.39
3.37
3.37
3.37

3.26
3.26
3.26
3.24

Mar. 3
10
17
24
31

2.87
2.89
2.92
2.95
2.98

2.60
2.63
2.66
2.68
2.77

2.62
2.63
2.67
2.70
2.75

2.18
2.18
2.25
2.27
2.33

2.38
2.39
2.41
2.47
2.53

2.72
2.73
2.77
2.80
2.84

3.20
3.20
3.23
3.26
3.29

3.07
3.07
3.09
3.14
3.15

3.27
3.27
3.29
3.31
3.33

3.07
3.08
3.10
3.12
3.14

3.16
3.16
3.17
3.20
3.22

3.27
3.27
3.28
3.31
3.33

3.58
3.58
3.59
3.60
3.62

3.20
3.21
3.23
3.27
3.30

3.37
3.36
3.37
3.38
3.39

3.25
3.25
3.26
3.28
3.30

Apr. 7
14
21
28

3.04
3.07
3.10
3.09

2.81
2.85
2.90
2.96

2.78
2.80
2.85
2.91

2.38
2.38
2.43
2.51

2.54
2.58
2.64
2.69

2.85
2.88
2.94
2.99

3.33
3.35
3.40
3.44

3.19
3.21
3.26
3.28

3.35
3.39
3.43
3.46

3.16
3.21
3.27
3.30

3.25
3.28
3.32
3.35

3.36
3.38
3.43
3.46

3.64
3.67
3.70
3.72

3.33
3.36
3.41
3.40

3.42
3.45
3.49
3.52

3.32
3.34
3.39
3.45

3.03
3.00

2.96
2.87
2.86
2.83

2.91
2.86
2.83
2.80

2.51
2.48
2.44
2.44

2.70
2.64
2.61
2.61

2.99
2.92
2.89
2.83

3.44
3.40
3.37
3.33

3.28
3.26
3.27
3.28

3.46
3.45
3.45
3.46

3.30
3.27
3.27
3.27

3.34
3.33
3.34
3.35

3.46
3.46
3.47
3.47

3.72
3.72
3.73
3.73

3.39
3.39
3.40
3.40

3.54
3.52
3.53
3.54

3.44

June 2
9
16
23
30

2.92
2.92
2.91
2.92
2.95

2.78
2.76
2.73
2.74
2.76

2.77
2.74
2.70
2.70
2.72

2.42
2.38
2.33
2.32
2.34

2.56
2.54
2.50
2.51
2.52

2.79
2.74
2.72
2.72
2.76

3.31
3.28
3.23
3.26
3.26

3.28
3.28
3.28
3.29
3.28

3.46
3.46
3.46
3.46
3.47

3.27
3.27
3.26
3.26
3.27

3.35
3.35
3.35
3.36
3.36

3.48
3.48
3.48
3.48
3.49

3.74
3.75
3.75
3.75
3.77

3.39
3.39
3.39
3.39
3.40

3.54
3.56
3.56
3.56
3.55

3.46

July 7
14
21
28

2.94
2.97
3.01
3.05

2.78
2.77
2.78
2.79

2.76
2.78
2.79
2.80

2.38
2.38
2.40
2.41

2.56
2.57
2.58
2.59

2.80
2.81
2.82
2.83

3.31
3.34
3.35
3.37

3.28
3.31
3.29
3.32

3.48
3.49
3.49
3.52

3.26
3.27
3.28
3.30

3.37
3.38
3.38
3.40

3.50
3.50
3.51
3.53

3.78
3.78
3.79
3.82

3.40
3.40
3.41
3.44

3.57
3.58
3.59
3.61

3.46
3.47
3.48
3.49

Aug. 4
11
18
25

3.09
3.11
3.16
3.22

2.83
2.88
2.94
3.00

2.84
2.87
2.94
2.99

2.45
2.47
2.53
2.59

2.62
2.65
2.71
2.76

2.86
2.90
2.97
3.04

3.42
3.46
3.54
3.57

3.35
3.38
3.42
3.45

3.55
3.59
3.62
3.65

3.35
3.38
3.42
3.47

3.43
3.46
3.49
3.52

3.56
3.60
3.63
3.65

3.85
3.90
3.94
3.95

3.48
3.51
3.55
3.59

3.65
3.68
3.71
3.74

3.52
3.57
3.61
3.62

Sept. 1
8
15
22
29

3.22
3.24
3.23
3.19
3.20

3.04
3.05
3.10
3.08
3.05

3.04
3.07
3.06
3.06
3.06

2.62
2.62
2.63
2.63
2.62

2.81
2.83
2.85
2.86
2.85

3.11
3.12
3.14
3.15
3.15

3.60
3.60
3.60
3.61
3.60

3.50
3.56
3.60
3.59
3.62

3.68
3.71
3.74
3.76
3.78

3.49
3.53
3.55
3.56
3.58

3.56
3.59
3.62
3.64
3.66

3.67
3.71
3.73
3.75
3.76

3.97
4.01
4.05
4.09
4.12

3.61
3.66
3.68
3.69
3.70

3.78
3.80
3.81
3.84
3.87

3.64
3.67
3.72
3.76
3.78

Oct. 6
13
20...
27...

3.17
3.18
3.19
3.24

3.06
3.08
3.12
3.19

3.05
3.07
3.14
3.21

2.61
2.63
2.68
2.72

2.85
2.89
2.94
3.04

3.15
3.15
3.21
3.31

3.58
3.62
3.71
3.77

3.61
3.59
3.61
3.65

3.79
3.80
3.81
3.83

3.58
3.57
3.57
3.61

3.67
3.67
3.69
3.70

3.78
3.80
3.82
3.83

4.14
4.16
4.16
4.18

3.72
3.74
3.75
3.76

3.87
3.86
3.87
3.92

3.79
3.80
3.82
3.82

Nov. 3...
10...
17...
24...

3.27
3.28
3.28
3.30

3.23
3.27
3.37
3.41

3.24
3.29
3.38
3.49

2.74
2.79
2.85
2.98

3.06
3.07
3.15
3.23

3.35
3.42
3.53
3.67

3.82
3.89
3.99
4.09

3.69
3.68
3.72
3.76

3.86
3.87
3.88
3.92

3.65
3.66
3.67
3.71

3.72
3.73
3.73
3.79

3.85
3.86
3.87
3.92

4.20
4.21
4.22
4.26

3.77
3.78
3.79
3.85

3.95
3.97
3.99
4.04

3.84
3.85
3.85
3.87

Dec. 1...
8...
15...
22...
29...

3.35
3.35
3.37
3.45
3.44

3.45
3.45
3.43
3.43
3.44

3.53
3.55
3.56
3.58
3.59

3.01
3.02
3.04
3.05
3.05

3.29
3.32
3.32
3.32
3.33

3.69
3.69
3.72
3.73
3.75

4.12
4.15
4.17
4.20
4.22

3.79
3.78
3.75
3.83
3.85

3.95
3.96
3.97
4.00
4.02

3.73
3.72
3.72
3.76
3.79

3.81
3.83
3.84
3.86
3.87

3.94
3.97
3.98
3.99
4.00

4.30
4.32
4.35
4.38
4.41

3.89
3.90
3.92
3.97
4.02

4.07
4.07
4.08
4.08
4.10

3.88
3.91
3.93
3.93
3.94

19'.'.'.'.'.'.'.'.'.
2.98
26
2.94




T

11.

BOND YIELDS, BY TYPE OF SECURITY — Continued
B.

WEEKLY, 1941-63 — Continued
[Per cent per annum]
Corporate bonds

Government bonds

Moody's

State and local
Week ending—

United
States
(longterm)

Standard
and
Poor's
AAA

Moody's

Standard
and
Poor's

Total

Aaa

Aa

By group

By rating
Total

Baa

Aaa

Baa

Aa

Industrial

Railroad

Public
utility

1957—Jan. 5
12
19
26

3.50
3.45
3.33
3.26

3.44
3.45
3.42
3.37

3.58
3.57
3.53
3.47

3.05
3.05
3.02
2.96

3.32
3.31
3.27
3.19

3.73
3.71
3.65
3.59

4.22
4.22
4.17
4.13

3.85
3.84
3.80
3.77

4.06
4.06
4.05
4.03

3.82
3.81
3.78
3.73

3.90
3.91
3.90
3.88

4.03
4.02
4.03
4.00

4.46
4.49
4.50
4.48

4.05
4.06
4.04
4.00

4.14
4.14
4.13
4.11

3.97
3.97
3.99
3.98

Feb. 2
9
16
23

3.24
3.18
3.19
3.26

3.34
3.30
3.24
3.22

3.39
3.33
3.26
3.24

2.87
2.81
2.76
2.76

3.09
3.06
3.00
3.00

3.51
3.44
3.34
3.31

4.08
4.00
3.94
3.90

3.74
3.73
3.71
3.68

4.01
4.01
3.99
3.98

3.72
3.69
3.67
3.66

3.86
3.86
3.82
3.81

4.00
3.99
3.98
3.99

4.48
4.48
4.47
4.46

3.98
3.97
3.94
3.93

4:09
4.08
4.06
4.06

3.97
3.98
3.97
3.96

Mar. 2
9
16
23
30

3.27
3.28
3.26
3.26
3.24

3.26
3.31
3.33
3.33
3.29

3.34
3.37
3.36
3.36
3.33

2.83
2.90
2.88
2.88
2.86

3.13
3.17
3.15
3.15
3.12

3.40
3.42
3.42
3.42
3.40

3.99
3.99
3.99
3.97
3.93

3.68
3.69
3.68
3.69
3.68

3.98
3.97
3.97
3.97
3.96

3.66
3.66
3.66
3.67
3.66

3.80
3.79
3.80
3.80
3.79

3.99
3.97
3.97
3.96
3.96

4.47
4.45
4.43
4.42
4.42

3.93
3.92
3.90
3.90
3.88

4.05
4.04
4.04
4.04
4.05

3.96
3.95
3.95
3.96
3.94

3.25
3.28
3.34
3.38

3.27
3.27
3.35
3.41

3.32
3.32
3.33
3.43

2.84
2.84
2.87
2.96

3.11
3.11
3.13
3.24

3.38
3.38
3.43
3.52

3.93
3.93
3.93
4.00

3.67
3.69
3.71
3.72

3.96
3.95
3.96
3.98

3.66
3.66
3.67
3.69

3.79
3.78
3.78
3.79

3.95
3.95
3.96
3.96

4.42
4.42
4.44
4.45

3.88
3.87
3.88
3.91

4.04
4.05
4.06
4.07

3.94
3.93
3.94
3.95

18
25

3.38
3.37
3.40
3.41

3.44
3.44
3.51
3.57

3.44
3.45
3.45
3.49

2.97
2.99
2.99
2.99

3.23
3.23
3.24
3.26

3.51
3.52
3.52
3.54

4.03
4.05
4.06
4.15

3.75
3.73
3.76
3.79

3.99
4.01
4.02
4.03

3.71
3.72
3.73
3.75

3.81
3.83
3.83
3.84

3.97
3.98
3.99
3.99

4.48
4.50
4.53
4.54

3.93
3.93
3.94
3.96

4.10
4.12
4.14
4.14

3.96
3.97
3.97
3.99

June 1
8
15
22
29

3.47
3.49
3.52
3.66
3.64

3.64
3.70
3.72
3.78
3.80

3.57
3.60
3.64
3.68
3.69

3.10
3.14
3.17
3.23
3.23

3.33
3.35
3.40
3.44
3.45

3.62
3.63
3.67
3.71
3.74

4.23
4.27
4.31
4.33
4.35

3.82
3.87
3.93
3.94
3.95

4.06
4.09
4.14
4.18
4.21

3.79
3.82
3.88
3.94
3.97

3.86
3.90
3.96
4.01
4.05

4.02
4.05
4.07
4.10
4.13

4.56
4.59
4.62
4.66
4.68

4.03
4.06
4.12
4.17
4.20

4.14
4.21
4.25
4.28
4.32

4.01
4.02
4.05
4.08
4.11

3.59
3.56
3.59
3.65

3.73
3.71
3.72
3.78

3.67
3.59
3.63
3.69

3.20
3.11
3.14
3.22

3.42
3.34
3.38
3.48

3.73
3.68
3.73
3.77

4.33
4.24
4.28
4.30

3.97
3.96
3.99
4.04

4.24
4.23
4.25
4.28

4.00
3.97
3.98
4.01

4.08
4.07
4.11
4.12

4.16
4.16
4.20
4.24

4.71
4.72
4.72
4.74

4.20
4.16
4.17
4.21

4.36
4.36
4.40
4.42

4.16
4.17
4.19
4.21

3.63
3.63
3.66
3.63
3.62

3.80
3.85
3.92
3.96
3.92

3.71
3.81
3.84
3.90
3.92

3.25
3.34
3.37
3.44
3.45

3.49
3.60
3.66
3.71
3.72

3.78
3.89
3.91
3.94
3.98

4.30
4.41
4.43
4.51
4.51

4.06
4.09
4.11
4.15
4.14

4.31
4.34
4.36
4.38
4.41

4.05
4.07
4.09
4.11
4.12

4.16
4.20
4.21
4.20
4.23

4.28
4.31
4.34
4.36
4.39

4.76
4.78
4.82
4.84
4.87

4.26
4.26
4.29
4.29
4.30

4.42
4.45
4.49
4.51
4.53

4.26
4.32
4.31
4.34
4.37

3.59
3.60
3.71
3.72

3.92
3.91
3.91
3.87

3.90
3.89
3.89
3.87

3.44
3.43
3.43
3.41

3.70
3.67
3.69
3.67

3.97
3.97
3.96
3.94

4.49
4.49
4.49
4.47

4.15
4.13
4.14
4.16

4.43
4.42
4.44
4.45

4.12
4.11
4.12
4.14

4.26
4.25
4.26
4.29

4.41
4.41
4.43
4.44

4.91
4.91
4.94
4.96

4.31
4.31
4.30
4.31

4.55
4.53
'4.55
4.59

4.41
4.43
4.46
4.47

3.72
3.71
3.76
3.74

3.83
3.77
3.76
3.79

3.84
3.73
3.71
3.71

3.38
3.29
3.29
3.28

3.64
3.49
3.45
3.45

3.91
3.78
3.75
3.74

4.46
4.36
4.33
4.36

4.12
4.12
4.10
4.14

4.45
4.44
4.45
4.47

4.12
4.09
4.07
4.11

4.27
4.26
4.28
4.28

4.44
4.46
4.46
4.47

4.97
4.96
4.98
5.01

4.31*
4.31
4.31
4.34

4.58
4.55
4.57
4.58

4.47
4.47
4.47
4.49

Apr

,!::::::
20
27

May

,t::::::

July

>!:::::•:
20
27

Aug. 3
10
17
24
31
Sept

^::::::
21
28

Oct. 5


12
19
http://fraser.stlouisfed.org/
26
Federal Reserve Bank of St. Louis

Nov.

2
9
16
23
30

3.74
3.68
3.62
3.49
3.48

3.82
3.80
3.82
3.73
3.67

3.72
3.72
3.73
3.67
3.56

3.30
3.30
3.28
3.23
3.16

3.46
3.48
3.49
3.39
3.31

3.74
3.74
3.74
3.69
3.53

4.37
4.37
4.39
4.37
4.25

4.17
4.17
4.17
4.09
4.07

4.48
4.51
4.50
4.49
4.47

4.12
4.12
4.12
4.06
4.02

4.29
4.30
4.30
4.30
4.28

4.48
4.50
4.50
4.50
4.49

5.04
5.09
5.10
5.09
5.10

4.35
4.38
4.37
4.31
4.30

4.60
4.62
4.64
4.67
4.67

4.50
4.51
4.51
4.48
4.46

Dec.

7
14
21
28

3.37
3.31
3.29
3.26

3.57
3.48
3.45
3.43

3.43
3.34
3.27
3.26

3.03
2.94
2.86
2.84

3.12
3.06
3.01
3.01

3.44
3.33
3.28
3.28

4.14
4.03
3.92
3.92

3.99
3.91
3.80
3.68

4.44
4.35
4.27
4.23

3.97
3.84
3.77
3.73

4.23
4.13.
4.04
3.98

4.46
4.36
4.27
4.20

5.09
5.06
5.00
5.00

4.23
4.15
4.07
4.01

4.64
4.57
4.50
4.48

4.43
4.32
4.26
4.19

1958—Jan. 4
11
18
25

3.22
3.20
3.21
3.27

3.44
3.41
3.33
3.26

3.28
3.26
3.12
3.08

2.86
2.86
2.68
2.65

3.05
3.01
2.87
2.87

3.28
3.29
3.15
3.07

3.92
3.88
3.77
3.73

3.66
3.64
3.58
3.57

4.17
4.13
4.07
4.02

3.68
3.65
3.61
3.57

3.92
3.87
3.82
3.77

4.13
4.05
4.01
3.96

4.96
4.92
4.84
4.77

4.00
3.96
3.91
3.87

4.37
4.33
4.31
4.26

4.15
4.08
3.99
3.93

Feb.

1
8
15
22

3.28
3.27
3.25
3.25

3.26
3.34
3.36
3.36

3.12
3.14
3.13
3.15

2.68
2.70
2.70
2.73

2.92
2.96
2.95
2.95

3.10
3.11
3.11
3.12

3.76
3.77
3.77
3.78

3.56
3.59
3.60
3.60

4.00
4.01
4.01
4.00

3.56
3.59
3.59
3.58

3.77
3.79
3.78
3.76

3.96
3.99
4.00
4.00

4.72
4.68
4.66
4.64

3.84
3.87
3.86
3.85

4.29
4.30
4.29
4.28

3.89
3.88
3.87
3.86

Mar.

1
8
15
22
29

3.27
3.27
3.27
3.24
3.21

3.42
3.45
3.45
3.45
3.46

3.19
3.20
3.22
3.24
3.25

2.76
2.78
2.78
2.79
2.79

2.98
3.01
3.03
3.05
3.06

3.17
3.19
3.22
3.23
3.24

3.85
3.85
3.86
3.89
3.90

3.60
3.63
3.63
3.64
3.67

4.00
4.03
4.03
4.04
4.05

3.60
3.62
3.62
3.63
3.64

3.75
3.76
3.78
3.79
3.79

4.02
4.06
4.06
4.06
4.06

4.65
4.66
4.67
4.68
4.69

3.85
3.86
3.86
3.86
3.87

4.29
4.29
4.30
4.31
4.32

3.87
3.93
3.95
3.95
3.95

19
26

3.19
3.15
3.10
3.07

3.42
3.37
3.31
3.24

3.23
3.17
3.16
3.09

2.77
2.70
2.69
2.64

3.05
3.01
3.01
2.95

3.22
3.17
3.17
3.12

3.88
3.81
3.78
3.66

3.66
3.65
3.62
3.60

4.04
4.03
4.02
4.00

3.64
3.62
3.61
3.57

3.78
3.80
3.78
3.76

4.03
4.03
4.01
3.99

4.69
4.67
4.66
4.66

3.86
3.85
3.83
3.81

4.33
4.34
4.33
4.30

3.92
3.91
3.89
3.89

May 3
10
17
24
31

3.14
3.14
3.15
3.13
3.13

3.23
3.25
3.26
3.26
3.21

3.08
3.09
3.14
3.14
3.14

2.64
2.66
2.71
2.71
2.71

2.93
2.94
2.96
2.96
2.95

3.10
3.12
3.13
3.13
3.13

3.64
3.65
3.76

3.60
3.61
3.63
3.61
3.59

3.99
4.00
4.00
4.00
3.99

3.55
3.57
3.57
3.57
3.57

3.75
3.77
3.78
3.78
3.79

3.99
4.01
4.03
4.02
4.02

4.66
4.63
4.62
4.62
4.60

3.80
3.81
3.80
3.79
3.79

4.29
4.30
4.31
4.31
4.30

3.87
3.89
3.90
3.89
3.89

June 7
14
21
28

3.14
3.15
3.21
3.26

3.21
3.22
3.26
3.35

3.14
3.14
3.15
3.21

2.72
2.72
2.75
2.78

2.94
2.94
2.96
3.01

3.13
3.12
3.14
3.20

3.76
3.84

i

3.60
3.59
3.60
3.65

3.98
3.97
3.96
3.98

3.56
3.56
3.57
3.61

3.78
3.77
3.76
3.79

4.02
4.01
3.98
4.00

4.58
4.55
4.53
4.54

3.77
3.76
3.75
3.78

4.30
4.27
4.26
4.29

3.88
3.88
3.88
3.90

19
26

3.26
3.31
3.39
3.38

3.37
3.43
3.45
3.46

3.22
3.22
3.22
3.22

2.78
2.78
2.78
2.78

3.03
3.03
3.02
3.04

3.22
3.23
3.23
3.24

3.84
3.85
3.83
3.82

3.64
3.66
3.72
3.74

3.99
3.98
4.01
4.04

3.62
3.63
3.67
3.70

3.79
3.79
3.82
3.86

4.01
4.00
4.03
4.05

4.53
4.51
4.52
4.55

3.79
3.79
3.80
3.83

4.29
4.27
4.30
4.33

3.89
3.90
3.93
3.97

2
9
16
23
30

3.44
3.53
3.61
3.62
3.67

3.52
3.63
3.68
3.76
3.88

3.25
3.34
3.47
3.55
3.66

2.84
2.91
3.04
3.12
3.22

3.05
3.14
3.27
3.35
3.49

3.29
3.38
3.53
3.63
3.70

3.83
3.92
4.03
4.10
4.21

3.74
3.78
3.79
3.89
3.97

4.06
4.11
4.16
4.20
4.25

3.71
3.77
3.83
3.89
3.94

3.86
3.91
3.97
4.00
4.06

4.09
4.13
4.17
4.20
4.25

4.56
4.60
4.66
4.71
4.74

3.84
3.87
3.92
3.96
4.02

4.34
4.38
4.41
4.44
4.47

4.01
4.07
4.14
4.20
4.27

20
27

3.72
3.75
3.76
3.74

3.95
3.98
3.95
3.94

3.75
3.77
3.74
3.71

3.29
3.31
3.28
3.24

3.57
3.62
3.58
3.53

3.81
3.82
3.80
3.76

4.31
4.34
4.32
4.29

4.03
4.07
4.12
4.10

4.33
4.38
4.41
4.42

4.03
4.07
4.10
4.11

4.13
4.19
4.22
4.23

4.34
4.41
4.42
4.42

4.80
4.86
4.88
4.90

4.15
4.24
4.26
4.26

4.50
4.51
4.52
4.53

4.33
4.40
4.44
4.45

Oct.

4
11
18
25

3.83
3.72
3.74
3.77

3.97
3.95
3.94
3.93

3.72
3.73
3.67
3.68

3.25
3.25
3.21
3.23

3.55
3.56
3.48
3.49

3.78
3.81
3.73
3.74

4.29
4.30
4.26
4.24

4.13
4.10
4.07
4.07

4.43
4.44
4.42
4.41

4.13
4.13
4.09
4.10

4.23
4.23
4.20
4.20

4.44
4.46
4.44
4.44

4.92
4.94
4.94
4.91

4.26
4.26
4.23
4.24

4.55
4.57
4.58
4.55

4.48
4.49
4.46
4.44

Nov.

1
8
15
22
29

3.75
3.75
3.71
3.69
3.67

3.89
3.88
3.86
3.81
3.80

3.64
3.60
3.59
3.59
3.57

3.21
3.19
3.17
3.17
3.14

3.45
3.41
3.39
3.39
3.34

3.73
3.69
3.69
3.70
3.68

4.16
4.12
4.12
4.11
4.10

4.13
4.11
4.10
4.08
4.06

4.42
4.42
4.41
4.39
4.38

4.12
4.11
4.10
4.08
4.07

4.21
4.21
4.22
4.20
4.19

4.44
4.45
4.45
4.42
4.41

4.90
4.89
4.88
4.86
4.85

4.25
4.25
4.24
4.23
4.22

4.57
4.57
4.57
4.57
4.55

4.44
4.44
4.42
4.38
4.37

Dec.

6
13
20
27

3.73
3.77
3.83
3.84

3.81
3.82
3.83
3.86

3.57
3.57
3.56
3.56

3.14
3.13
3.11
3.12

3.35
3.35
3.33
3.35

3.68
3.68
3.68
3.68

4.10
4.10
4.10
4.10

4.07
4.08
4.09
4.12

4.38
4.38
4.38
4.39

4.06
4.06
4.07
4.09

4.19
4.19
4.17
4.18

4.41
4.41
4.41
4.43

4.85
4.84
4.85
4.86

4.23
4.23
4.23
4.24

4.53
4.52
4.52
4.53

4.38
4.38
4.38
4.40

Ap

M:::::::::

JU

M:::::::::

Aug.

Sept

.f:::::::::




T

11.

BOND YIELDS, BY TYPE OF SECURITY — Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]
Corporate bonds

Government bonds
State and local
Week ending—

1959_j a n .

May 2
9

16
23
30

June 6
13.

20
27

July 4
11

18
25
Aug. 1
8
15
22
29.

Sent. 5
12!::::::::
19
26
. .

3.86
3.86
3.85
3 87
3.90

3.57
3.60
3.58
3.59
3.62

3.12
3.19
3.19
3.19
3.20

3.36
3.39
3.39
4.40
3.43

3.69
3.71
3.65
3.67
3.70

4.10
4.12
4.08
4.10
4.13

4.12
4.11
4.13
4.15
4.18

3 93
3 92
3.91
3.90

3 90
3.86
3.84
3.78

3.62
3.60
3.55
3.51

3.20
3.18
3.13
3.11

3.45
3.43
3.35
3.28

3.70
3.69
3.65
3.61

4.13
4.11
4.05
4.03

3.74
3 76
3.74
3.78

3.44
3 44
3.44
3.44

3.06
3.06
3.06
3.06

3.23
3 21
3.23
3.23

3.54
3.55
3.53
3.56

3.78
3.80
3 83
3 88

3.47
3.49
3 51
3 58

3.07
3.09
3 09
3.14

3.26
3.28
3 34
3.41

3 93
3 96
3.97
3 97
3 97

3 61
3.65
3.71
3 72
3 73

3.18
3.23
3.30
3.31
3.31

4.00
4 01
4.06
4.10

3.73
3 76
3.82
3.88

4.10
4 09
4.05
4.00

By rating

Baa

4.10
4 08
4 06
4 08
4 15

18
25

A

4.12
4 13
4.08
4.10

Apr. 4
11

Aa

4.10
4 09
4.09
4.10

14

21
28

Aaa

4 05
4 05
4.09
4 11
4 08

28

Total

3.95
3.97
4 01
4 05

.

Mar 7

Federal Reserve Bank of St. Louis

Moody's

Standard
and
Poor's

3.87
3 92
3.92
3.94

24
31

Oct. 3
10
17

24
http://fraser.stlouisfed.org/
31

Moody's

Standard
and
Poor's
AAA

3.83
3.84
3.89
3 96
3.94

3
10
17

Feb. 7.
14
21

United
States
(longterm)

By group

Total
Aaa

Aa

A

Baa

Industrial

Railroad

Public
utility

4.40
4.40
4.41
4.41
4.44

4.10
4.09
4.11
4.12
4.16

4.19
4.20
4.22
4.23
4.25

4.43
4.44
4.43
4.42
4.43

4.87
4.85
4.86
4.88
4.90

4.25
4.26
4.27
4.28
4.30

4.54
4.53
4.53
4.51
4.55

4.40
4.41
4.42
4.45
4.46

4.17
4.16
4.14
4.13

4.43
4.44
4.42
4.41

4.15
4.14
4.14
4.13

4.25
4.25
4.24
4.22

4.43
4.44
4.43
4.40

4.90
4.90
4.89
4.89

4.30
4.31
4.32
4.31

4.54
4.53
4.50
4.47

4.47
4.47
4.46
4.44

3.95
3.93
3.92
3.92

4.11
4.13
4.14
4.15

4.40
4.40
4.41
4.41

4.11
4.13
4.13
4.14

4.21
4.22
4.24
4.26

4.39
4.40
4.41
4.41

4.87
4.87
4.85
4.83

4.29
4.29
4.28
4.27

4.48
4.50
4.52
4.52

4.43
4.42
4.42
4.43

3.59
3.59
3 62
3.69

3.97
3.98
3.98
4.06

4.18
4.19
4 21
4.25

4.42
4.43
4.45
4.49

4.17
4.20
4.22
4.26

4.27
4.28
4.31
4.35

4.41
4.41
4.42
4.48

4.84
4.84
4.83
4.88

4.30
4.31
4.33
4.39

4.53
4.54
4.54
4.58

4.44
4.45
4.46
4.51

3 43
3.48
3.54
3 55
3.57

3 73
3.77
3.81
3 83
3.83

4.09
4.12
4.19
4.20
4.20

4.29
4.33
4.37
4 38
4.43

4.52
4.55
4.58
4 63
4.66

4.30
4.33
4.36
4.39
4.42

4.37
4.41
4.44
4.49
4.52

4.51
4.53
4.58
4.65
4.70

4.91
4.93
4.94
4.97
5.01

4.41
4.42
4.44
4.48
4.52

4.59
4.62
4.65
4.70
4.72

4.57
4fc62
4.56
4.70
4.74

3.31
3.32
3.39
3.45

3.57
3.60
3.69
3.73

3.83
3.87
3.91
3.97

4.20
4.23
4.29
4.38

4.43
4.47
4.46
4.47

4.68
4.69
4.70
4.70

4.44
4.47
4.46
4.47

4.54
4.56
4.57
4.58

4.70
4.70
4.70
4.71

5.03
5.03
5.04
5.04

4.53
4.55
4.57
4.57

4.75
4.76
4.76
4.76

4.76
4.76
4.76
4.78

3.96
3 94
3.93
3.89

3.54
3.52
3.51
3.48

3.80
3.78
3.76
3.71

4.03
4.00
4.00
3.97

4.46
4.45
4.45
4.39

4.48
4.48
4.48
4.47

4.71
4.72
4.72
4.72

4.48
4.48
4.47
4.46

4.59
4.59
4.59
4.58

4.72
4.74
4.76
4.75

5.05
5.07
5.09
5.09

4.57
4.57
4.59
4.58

4.79
4.79
4.79
4.79

4.78
4.79
4.79
4.79

3.97
3 94
3.94
3 94
4 00

3.89
3 84
3.84
3 83
3.83

3.48
3.44
3.43
3 43
3.44

3.71
3.64
3.63
3 63
3.63

3.97
3.91
3.91
3 90
3.90

4.39
4.37
4.37
4.35
4.35

4.45
4.43
4.42
4.43
4.47

4.72
4.70
4.70
4.70
4.73

4.45
4.43
4.42
4.42
4.44

4.59
4.58
4.57
4.56
4.59

4.74
4.73
4.72
4.73
4.77

5.07
5.08
5.09
5.09
5.11

4.57
4.55
4.54
4.55
4.58

4.80
4.80
4.80
4.80
4.82

4.77
4.77
4.76
4.76
4.79

4 24
4.25
4.30
4.27

4 09
4.11
4.16
4.16

3 90
3.94
3.97
3.98

3.52
3.59
3.63
3.65

3.73
3.77
3.80
3.81

3.95
3.99
4.01
4.01

4.38
4.41
4.44
4.44

4.52
4.51
4.54
4.55

4.77
4.78
4.81
4.85

4.47
4.49
4.52
4.54

4.63
4.65
4.69
4.73

4.83
4.84
4.86
4.90

5.13
5.15
5.18
5.22

4.63
4.65
4.69
4.71

4.83
4.85
4.86
4.93

4.83
4.85
4.89
4.92

4.21
4 14
4.13
4.06
4.09

4.12
4 07
4.01
3.95
3.93

3.97
3 94
3.92
3.86
3.83

3.64
3.61
3.58
3.53
3.49

3.80
3.75
3.71
3.66
3.63

4.01
3.99
3.97
3.93
3.91

4.44
4.41
4.40
4.34
4.31

4.57
4.54
4.54
4.55
4.57

4.87
4.88
4.87
4.86
4.85

4.57
4.57
4.56
4.56
4.56

4.76
4.76
4.75
4.76
4.75

4.91
4.89
4.88
4.86
4.85

5.26
5.28
5.29
5.28
5.26

4.70
4.70
4.69
4.70
4.70

4.95
4.97
4.97
4.96
4.95

4.96
4.96
4.96
4.93
4.91

Nov. 7
14
21
28

4.09
4.10
4.13
4.15

3.93
3.95
3.93
3.93

3.83
3.83
3.78
3.78

3.48
3.47
3.41
3.38

3.62
3.61
3.56
3.56

3.91
3.91
3.87
3.88

4.31
4.31
4.28
4.29

4.56
4.55
4.55
4.54

4.86
4.85
4.86
4.84

4.57
4.57
4.57
4.55

4.72
4.71
4.70
4.69

4.85
4.85
4.87
4.86

5.27
5.27
5.27
5.26

4.69
4.69
4.70
4.69

4.98
4.98
5.01
5.00

4.89
4.88
4.86
4.83

Dec. 5
12
19
26

4.21
4.22
4.25
4.32

3.97
4.01
4.06
4.11

3.80
3.79
3.81
3.89

3.38
3.38
3.40
3.49

3.57
3.57
3.60
3.67

3.90
3.88
3.90
3.99

4.33
4.33
4.35
4.42

4.55
4.58
4.59
4.61

4.85
4.85
4.88
4.89

4.55
4.56
4.59
4.59

4.69
4.71
4.74
4.77

4.87
4.88
4.90
4.91

5.25
5.25
5.27
5.30

4.69
4.68
4.71
4.71

5.01
5.02
5.05
5.08

4.83
4.84
4.87
4.89

1960_Jan. 2
9
16
23
30

4.37
4.42
4.37
4.35
4.36

4.12
4.19
4.15
4.09
4.08

3.90
3.95
3.92
3.90
3.90

3.49
3.53
3.49
3.47
3.47

3.67
3.76
3.73
3.71
3.71

3.99
4.06
4.02
4.00
4.01

4.43
4.46
4.43
4.41
4.41

4.61
4.62
4.62
4.62
4.62

4.90
4.90
4.91
4.92
4.92

4.61
4.61
4.61
4.61
4.61

4.77
4.77
4.78
4.78
4.77

4.91
4.92
4.92
4.93
4.94

5.32
5.32
5.34
5.35
5.36

4.72
4.73
4.74
4.74
4.74

5.09
5.09
5.08
5.08
5.09

4.89
4.90
4.92
4.93
4.93

Feb. 6
13
20
27

4.29
4.20
4.16
4.22

4.01
3.95
3.95
3.97

3.88
3.83
3.81
3.82

3.43
3.38
3.38
3.39

3.69
3.65
3.63
3.65

3.98
3.93
3.90
3.91

4.40
4.35
4.31
4.32

4.60
4.56
4.53
4.52

4.92
4.90
4.87
4.86

4.60
4.57
4.54
4.54

4.76
4.73
4.69
4.67

4.94
4.93
4.91
4.91

5.36
5.36
5.33
5.31

4.73
4.72
4.70
4.70

5.08
5.07
5.04
5.02

4.93
4.91
4.86
4.85

Mar. 5
12
19
26

4.22
4.11
4.05
4.00

3.96
3.88
3.85
3.82

3.84
3.80
3.78
3.74

3.40
3.37
3.35
3.32

3.67
3.62
3.61
3.58

3.92
3.88
3.86
3.79

4.35
4.31
4.29
4.26

4.52
4.47
4.47
4.45

4.86
4.83
4.80
4.78

4.54
4.51
4.48
4.46

4.67
4.66
4.61
4.59

4.90
4.88
4.85
4.83

5.31
5.28
5.26
5.22

4.70
4.67
4.64
4.60

5.02
5.01
4.98
4.98

4.85
4.83
4.78
4.75

Apr. 2
9
16
23
30

4.07
4.10
4.18
4.21
4.20

3.82
3.80
3.83
3.85
3.87

3.70
3.70
3.71
3.70
3.75

3.28
3.28
3.29
3.29
3.34

3.54
3.54
3.55
3.53
3.56

3.75
3.75
3.77
3.78
3.80

4.22
4.22
4.24
4.23
4.28

4.43
4.42
4.45
4.46
4.44

4.75
4.74
4.75
4.76
4.78

4.45
4.44
4.45
4.45
4.46

4.56
4.56
4.56
4.58
4.61

4.81
4.79
4.79
4.80
4.81

5.18
5.17
5.18
5.21
5.23

4.59
4.58
4.59
4.61
3.63

4.95
4.96
4.96
4.96
4.98

4.71
4.68
4.68
4.70
4.72

May 7
14
21
28

4.17
4.13
4.18
4.16

3.87
3.81
3.85
3.85

3.73
3.73
3.78
3.79

3.32
3.32
3.37
3.38

3.53
3.53
3.58
3.60

3.79
3.79
3.85
3.86

4.28
4.28
4.33
4.33

4.44
4.44
4.47
4.45

4.80
4.79
4.80
4.81

4.46
4.45
4.46
4.47

4.61
4.61
4.61
4.62

4.83
4.83
4.84
4.85

5.27
5.28
5.28
5.28

4.65
4.65
4.65
4.66

4.98
4.97
4.98
4.98

4.76
4.76
4.76
4.77

June 4
11
18
25

4.07
4.00
3.96
3.97

3.85
3.81
3.76
3.72

3.78
3.78
3.72
3.71

3.38
3.38
3.31
3.30

3.58
3.58
3.50
3.50

3.85
3.84
3.80
3.80

4.32
4.30
4.25
4.24

4.45
4.44
4.44
4.44

4.81
4.77
4.77
4.78

4.48
4.44
4.45
4.45

4.63
4.59
4.59
4.59

4.85
4.81
4.80
4.79

5.27
5.24
5.26
5.27

4.66
4.64

4.98
4.92
4.93
4.94

4.78
4.76
4.76
4.75

July 2
9
16
23
30

3.96
3.91
3.87
3.84
3.81

3.74
3.75
3.75
3.71
3.68

3.71
3.71
3.75
3.75
3.71

3.30
3.30
3.32
3.32
3.28

3.50
3.50
3.55
3.54
3.50

3.80
3.80
3.86
3.86
3.82

4.24
4.24
4.27
4.26
4.25

4.43
4.42
4.40
4.39
4.36

4.78
4.77
4.77
4.73
4.69

4.44
4.44
4.43
4.40
4.38

4.59
4.58
4.58
4.55
4.52

4.80
4.80
4.79
4.77
4.72

5.28
5.27
5.26
5.20
5.15

i
4.64

4.60
4.57

4.94
4.93
4.93
4.89
4.85

4.75
4.75
4.73
4.70
4.66

3.75
3.78
3.81
3.81

3.64
3.57
3.50
3.47

3.68
3.62
3.51
3.47

3.22
3.14
3.03
2.99

3.47
3.42
3.32
3.27

3.78
3.70
3.59
3.55

4.24
4.21
4.11
4.05

4.34
4.29
4.26
4.24

4.67
4.64
4.60
4.57

4.34
4.30
4.26
4.23

4.49
4.46
4.43
4.41

4.71
4.68
4.65
4.62

5.15
5.11
5.06
5.03

4.54
4.50
4.49
4.46

4.86
4.83
4.82
4.79

4.63
4.57
4.51
4.47

Sept. 3
10
17
24

3.84
3.84
3.84
3.79

3.48
3.49
3.52
3.54

3.46
3.50
3.57
3.57

2.99
3.03
3.13
3.13

3.26
3.31
3.40
3.41

3.55
3.59
3.66
3.66

4.05
4.07
4.09
4.09

4.23
4.24
4.25
4.24

4.57
4.56
4.57
4.58

4.23
4.23
4.26
4.26

4.40
4.41
4.41
4.41

4.62
4.61
4.63
4.63

5.01
4.98
4.99
5.02

4.45
4.45
4.46
4.46

4.79
4.77
4.79
4.78

4.46
4.46
4.47
4.50

Oct. 1
8
15...,
22....
29

3.81
3.88
3.92
3.93
3.90

3.58
3.62
3.62
3.60
3.62

3.61
3.64
3.65
3.65
3.61

3.18
3.21
3.21
3.21
3.17

3.45
3.48
3.50
3.50
3.48

3.69
3.70
3.72
3.71
3.66

4.13
4.15
4.17
4.17
4.13

4.25
4.29
4.29
4.31
4.31

4.59
4.61
4.63
4.64
4.65

4.27
4.28
4.29
4.31
4.30

4.40
4.42
4.44
4.46
4.46

4.64
4.65
4.67
4.68
4.69

5.05
5.09
5.12
5.12
5.13

4.48
4.49
4.50

r

4.78
4.81
4.84
4.86
4.86

4.52
4.53
4.56
4.57
4.57

Nov. 5....
12
19...,
26....

3.90
3.91
3.92
3.94

3.48
3.45
3.43
3.46

3.59
3.59
3.54
3.55

3.16
3.16
3.12
3.12

3.45
3.45
3.38
3.38

3.65
3.64
3.60
3.61

4.11
4.11
4.07
4.07

4.32
4.32
4.33
4.36

4.64
4.63
4.63
4.65

4.30
4.29
4.30
4.32

4.47
4.47
4.46
4.49

T

5.10
5.08
5.07
5.08

i
4.50
4.52

4.87
4.84
4.83
4.85

4.55
4.55
4.56
4.57

Dec. 3...,
10....
17...,
24...,
31....

3.97
3.93
3.86
3.86
3.82

3.50
3.47
3.44
3.44
3.44

3.56
3.52
3.52
3.51
3.51

3.14
3.12
3.12
3.12
3.11

3.39
3.34
3.34
3.35
3.35

3.63
3.58
3.58
3.61
3.61

4.07
4.06
4.06
3.98
3.98

4.36
4.38
4.37
4.37
4.37

4.66
4.67
4.66
4.67
4.67

4.33
4.35
4.34
4.34
4.35

4.50
4.51
4.50
4.51
4.51

4.69
4.70
4.70
4.71
4.72

5.10
5.11
5.11
5.09
5.09

4.55
4.56
4.55
4.55
4.55

4.86
4.86
4.87
4.88
4.88

4.57
4.59
4.57
4.57
4.57

Aug

i!:::::::::
20
27




i

T

11.

BOND YIELDS, BY TYPE OF SECURITY —Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]

Government bonds

Corporate bonds
Moody's

State and local
Week ending—

United
States
(longterm)

Moody's

Standard
and
Poor's
AAA

Standard
and
Poor's

Total

Aaa

Aa

A

Baa

3.84
3.90
3.92
3.89

3.46
3.46
3.42
3.40

3.54
3.55
3.58
3.56

3.13
3.14
3.16
3.16

3.36
3.37
3.38
3.38

3.65
3.65
3.69
3.65

4.03
4.04
4.09
4.09

4.35
4.34
4.31
4.32

Feb. 4
11
18
25

3.88
3.84
3.81
3.76

3.40
3.35
3.31
3.27

3.56
3.53
3.53
3.51

3.16
3.14
3.14
3.12

3.38
3.35
3.34
3.33

3.65
3.59
3.57
3.55

4.09
4.05
4.05
4.05

Mar. 4
11
18
25

3.77
3.75
3.78
3.80

3.29
3.36
3.41
3.43

3.52
3.56
3.62
3.66

3.13
3.18
3.26
3.29

3.33
3.37
3.43
3.49

3.57
3.60
3.66
3.69

Apr. 1
8
15
22
29

3.81
3.82
3.81
3 81
3.78

3.43
3.44
3.44
3 44
3.44

3.65
3 64
3.62
3 58
3.58

3.30
3.30
3.30
3 24
3.24

3.48
3.50
3.48
3 46
3.46

20
27

3 72
3.70
3.71
3.78

3.38
3.34
3.34
3.40

3 56
3.56
3.56
3.58

3 24
3 24
3.24
3.27

June 3
10
17
24

3.79
3 86
3.86
3.90

3.42
3.48
3.53
3.54

3.58
3.67
3.67
3.64

July 1
8
15
22
29

3.93
3.92
3.92
3.88
3.89

3.55
3.56
3.55
3.50
3.50

Aug. 5
12
19
26

3.95
4 03
4.01
4.01

Sept 2
9
16
23
30

1961—Jan

7
14
21
28

. . . .

13: •:..:"::

Oct. 7

By group

....

Aaa

Aa

A

Baa

Industrial

Railroad

Public
utility

4.66
4.66
4.65
4.65

4.34
4.33
4.32
4.31

4.50
4.48
4.47
4.47

4.70
4.70
4.69
4.68

5.08
5.10
5.11
5.12

4.55
4.53
4.52
4.51

4.86
4.87
4.86
4.87

4.57
4.57
4.58
4.56

4.30
4.27
4.27
4.26

4.63
4.61
4.60
4.58

4.30
4.28
4.27
4.25

4.46
4.42
4.40
4.38

4.67
4.64
4.64
4.61

5.10
5.07
5.07
5.06

4.49
4.47
4.44
4.43

4.85
4.82
4.83
4.83

4.55
4.53
4.51
4.48

4.05
4.09
4.12
4.16

4.23
4.22
4.22
4.23

4.56
4.55
4.53
4.53

4.23
4.22
4.21
4.22

4.36
4.35
4.33
4.32

4.60
4.58
4.57
4.55

5.04
5.02
5.02
5.02

4.41
4.40
4.39
4.39

4.80
4.79
4.78
4.77

4.46
4.44
4.43
4.42

3.71
3.68
3.68
3 64
3.64

4.11
4.06
4.03
3 98
3.98

4.22
4.25
4.26
4 28
4.30

4.53
4.53
4.54
4 56
4.58

4.22
4.23
4.24
4 26
4.28

4.32
4.34
4.36
4.39
4.41

4.55
5.56
4.57
4.60
4.62

5.02
5.01
5.00
5.00
5.01

4.39
4.41
4.44
4.47
4.50

4.77
4.75
4.74
4.75
4.77

4.42
4.44
4.45
4.47
4.47

3 44
3.44
3.44
3.47

3 62
3.62
3.62
3.62

3 95
3.95
3.95
3.95

4 30
4.28
4.29
4.31

4.59
4.58
4.58
4.58

4 29
4.27
4.25
4.27

4.41
4.40
4.41
4.42

4.62
4.62
4.63
4.64

5.02
5.01
5.01
5.01

4.49
4.47
4.47
4.48

4.78
4.76
4.77
4.77

4.49
4.49
4.49
4.50

3.28
3.35
3.37
3.37

3.47
3.55
3.55
3.52

3.62
3.69
3.69
3.71

3.95
3.99
3.99
3.97

4.33
4.36
4.38
4.38

4.60
4.62
4.62
4.64

4.29
4.31
4.33
4.34

4.42
4.44
4.44
4.47

4.66
4.68
4.68
4.70

5.02
5.03
5.03
5.04

4.50
4.52
4.54
4.54

4.80
4.81
4.81
4.84

4.50
4.51
4.52
4.52

3.63
3.64
3.63
3 62
3.61

3.37
3.37
3.36
3 34
3.33

3.52
3.53
3.51
3 49
3.48

3.71
3.72
3.72
3.70
3.68

3.94
3.94
3.95
3.93
3.93

4.40
4.41
4.41
4.42
4.44

4.66
4.67
4.69
4.70
4.71

4.36
4.39
4.41
4.41
4.42

4.49
4.51
4.52
4.55
4.54

4.71
4.73
4.74
4.76
4.76

5.05
5.07
5.08
5.09
5.10

4.57
4.59
4.58
4.60
4.60

4.84
4.87
4.88
4.91
4.90

4.55
4.57
4.59
4.60
4.62

3.52
3.56
3.56
3.56

3.60
3 62
3.63
3.63

3.32
3 32
3.33
3.33

3.48
3 51
3.51
3.51

3.68
3 69
3.71

3.93
3.97
3.97
3.97

4.46
4 47
4.47
4.46

4.72
4.73
4.74
4.74

4.45
4 45
4.45
4.44

4.56
4.57
4.57
4.58

4.77
4.78
4.80
4.81

5.11
5.11
5.12
5.11

4.60
4.60
4.61
4.61

4.92
4.92
4.92
4.93

4.65
4.66
4.68
4.68

4 01
4.02
4 06
4.02
3.98

. . .

May 6

14

21
28


By rating
Total

3 56
3.57
3 57
3.54
3.48

3 63
3.65
3 65
3.65
3.61

3 34
3.34
3 34
3.34
3.31

3 52
3.52
3 52
3.52
3.47

3.71
3.67

i

3.98
4.02
4.02
4.02
4.00

4 45
4.47
4 48
4.48
4.44

4.74
4.74
4.75
4.74
4.74

4 44
4.46
4 46
4.45
4.45

4.59
4.59
4.59
4.59
4.59

4.81
4.81
4.82
4.81
4.81

5.12
5.12
5.12
5.12
5.12

4.61
4.62
4.62
4.61
4.60

4.93
4.94
4.95
4.95
4.95

4.68
4.67
4.67
4.67
4.67

3.98
4 00
3.98
3.96

3.48
3 48
3.46
3.42

3 61
3 60
3.59
3.56

3 30
3 30
3.27
3.25

3.47
3 46
3.44
3.43

3.65
3 65
3.65
3.62

4.00
4 00
4.00
3.94

4.43
4 41
4.42
4.39

4.74
4.72
4.72
4.72

4.43
4.42
4.42
4.42

4.57
4.56
4.56
4.56

4.80
4.79
4.78
4.78

5.13
5.13
5.13
5.13

4.60
4.60
4.59
4.60

4.94
4.92
4.92
4.91

4.66
4.65
4.66
4.65

T

4.54

4.77
4.76
4.75
4.74

5.12
5.11
5.11
5.10

4.59
4.58
4.57
4.57

4.91
4.90
4.89
4.88

4.64
4.63
4.63
4.62

1

4.74
4.74
4.74
4.75
4.75

5.10
5.10
5.11
5.11
5.10

4.57
4.58
4.59
4.60
4.60

4.88
4.90
4.91
4.92
4.93

4.62
4.62
4.61
4.62
4.62

4.43
4.42
4.42
4.41

4.56
4.54
4.54
4.55

4.74

5.11
5.09
5.08
5.08

4.59
4.57
4.57
4.57

4.93
4.92
4.92
4.91

4.62
4.61
4.61
4.61

4.70

4.42
4.42
4.43
4.42

4.56
4.56
4.56
4.56

4.L

5.07
5.08
5.08
5.07

4.57
4.58
4.57
4.57

4.91
4.91
4.91
4.90

4.61
4.62
4.63
4.63

4.69
4.68
4.67
4.66
4.65

4.42
4.40
4.39
4.39
4.38

4.55
4.54
4.53
4.53
4.52

4.73
4.72
4.71
4.70
4.69

5.05
5.05
5.04
5.02
5.02

4.55
4.53
4.52
4.50
4.49

4.89
4.89
4.88
4.88
4.87

4.62
4.62
4.61
4.60
4.59

4.34
4.31
4.28
4.28

4.65
4.63
4.62
4.61

4.37
4.34
4.33
4.31

4.51
4.50
4.49
4.48

4.68
4.67
4.66
4.64

5.03
5.02
5.01
5.01

4.48
4.46
4.45
4.44

4.87
4.86
4.86
4.85

4.59
4.58
4.56
4.54

3.52
3.52
3.52
3.58

4.27
4.25
4.24
4.23

4.61
4.59
4.58
4.57

4.30
4.29
4.28
4.27

4.47
4.45
4.42
4.41

4.63
4.63
4.61
4.60

5.02
5.00
4.99
4.98

4.43
4.43
4.42
4.41

4.85
4.84
4.82
4.81

4.54
4.52
4.49
4.48

3.31
3.34
3.35
3.34
3.35

3.60
3.64
3.65
3.62
3.67

4.26
4.27
4.27
4.27
4.29

4.57
4.58
4.58
4.59
4.61

4.28
4.28
4.28
4.29
4.29

4.41
4.43
4.43
4.44
4.46

4.61
4.61
4.61
4.61
4.64

4.98
5.00
5.01
5.02
5.03

4.42
4.43
4.44
4.45
4.48

4.81
4.83
4.86
4.86
4.88

4.48
4.48
4.46
4.46
4.46

3.22
3.22
3.22
3.25

3.38
3.41
3.41
3.45

3.70
3.70
3.72
3.77

4.29
4.30
4.30
4.33

4.62
4.63
4.63
4.64

4.32
4.34
4.33
4.35

4.48
4.49
4.49
4.50

4.64
4.65
4.65
4.66

5.04
5.05
5.04
5.04

4.50
4.52
4.51
4.52

4.89
4.90
4.89
4.90

4.47
4.48
4.48
4.49

3.13
3.15
3.13
3.05

3.27
3.30
3.25
3.18

3.49
3.49
3.46
3.40

3.78
3.80
3.78
3.70

4.34
4.33
4.32
4.31

4.65
4.64
4.65
4.63

4.37
4.36
4.36
4.34

4.50
4.50
4.49
4.48

4.66
4.66
4.66
4.66

5.07
5.07
5.07
5.05

4.54
4.54
4.52
4.50

4.90
4.91
4.91
4.91

4.50
4.51
4.51
4.50

3.31
3.30
3.29
3.27
3.26

3.03
3.02
3.02
3.01
3.00

3.17
3.16
3.13
3.11
3.09

3.38
3.35
3.34
3.32
3.30

3.66
3.66
3.66
3.66
3.65

4.29
4.29
4.28
4.27
4.26

4.63
4.62
4.61
4.61
4.60

4.33
4.33
4.32
4.31
4.31

4.47
4.47
4.46
4.46
4.45

4.64
4.63
4.62
4.62
4.61

5.05
5.04
5.03
5.03
5.02

4.48
4.47
4.46
4.44
4.44

4.90
4.89
4.88
4.88
4.87

4.50
4.50
4.50
4.50
4.49

3.10
3.05
3.00
3.03

3.26
3.25
3.17
3.16

3.00
2.99
2.89
2.88

3.09
3.08
3.00
2.99

3.28
3.27
3.20
3.18

3.65
3.65
3.59
3.58

4.21
4.20
4.20
4.21

4.59
4.57
4.57
4.57

4.29
4.28
4.27
4.27

4.42
4.41
4.41
4.40

4.62
4.61
4.61
4.61

5.00
4.99
4.98
4.98

4.42
4.40
4.40
4.39

4.85
4.85
4.85
4.85

4.48
4.46
4.46
4.46

3.87
3.86
3.87
3.88

2.99
2.99
3.02
3.02

3.15
3.15
3.15
3.15

2.88
2.88
2.89
2.89

2.99
2.99
3.00
3.00

3.18
3.18
3.18
3.18

3.53
3.53
3.53
3.53

4.20
4.20
4.19
4.20

4.57
4.56
4.55
4.55

4.26
4.25
4.25
4.24

4.41
4.40
4.40
4.40

4.61
4.60
4.60
4.59

4.99
4.97
4.96
4.95

4.40
4.40
4.40
4.39

4.86
4.85
4.84
4.83

4.45
4.42

3.88
3.89
3.88
3.86
3.85

3.08
3.14
3.13
3.11
3.11

3.17
3.21
3.22
3.22
3.22

2.89
2.92
2.93
2.94
2.94

3.03
3.07
3.10
3.10
3.10

3.20
3.26
3.27
3.27
3.27

3.54
3.57
3.57
3.57
3.57

4.19
4.20
4.20
4.20
4.20

4.54
4.54
4.52
4.52
4.52

4.25
4.26
4.25
4.24
4.23

4.39
4.39
4.38
4.37
4.38

4.57
4.56
4.55
4.54
4.53

4.94
4.93
4.92
4.92
4.93

4.39
4.39
4.40
4.40
4.40

4.80
4.79
4.77
4.76
4.75

Nov. 4
11
18
25

3.95
3.96
4.00
3.98

3.41
3.39
3.42
3.46

3.53
3.53
3.56
3.59

3.24
3.24
3.26
3.29

3.38
3.38
3.41
3.44

3.58
3.58
3.64
3.65

3.93
3.93
3.95
3.96

4.40
4.38
4.38
4.39

4.71
4.70
4.70
4.69

4.40
4.39
4.39
4.39

Dec. 2
9
16
23
30

4.01
4.05
4.06
4.06
4.07

3.50
3.52
3.53
3.48
3.44

3.61
3.63
3.64
3.62
3.62

3.31
3.32
3.33
3.32
3.31

3.48
3.50
3.52
3.51
3.51

3.65
3.65
3.65
3.62
3.61

4.01
4.03
4.04
4.04
4.04

4.38
4.39
4.42
4.42
4.44

4.69
4.69
4.71
4.72
4.72

4.38
4.39
4.42
4.44
4.44

4.54
4.56
4.57
4.57

1962—Jan. 6
13
20
27

4.06
4.08
4.08
4.08

3.39
3.32
3.34
3.30

3.59
3.57
3.54
3.50

3.26
3.22
3.19
3.17

3.48
3.46
3.44
3.39

3.59
3.56
3.51
3.48

4.04
4.04
4.00
3.96

4.40
4.38
4.39
4.38

4.71
4.70

Feb. 3
10
17
24

4.10
4.09
4.08
4.12

3.25
3.26
3.26
3.30

3.44
3.40
3.35
3.39

3.12
3.09
3.04
3.08

3.31
3.28
3.25
3.28

3.43
3.41
3.35
3.39

3.88
3.83
3.78
3.81

4.39
4.40
4.41
4.39

Mar. 3
10
17
24
31

4.08
4.06
4.02
3.97
3.96

3.30
3.23
3.18
3.18
3.18

3.39
3.32
3.26
3.26
3.25

3.08
3.03
3.00
3.00
3.01

3.28
3.19
3.15
3.16
3.15

3.40
3.33
3.28
3.28
3.26

3.81
3.71
3.59
3.61
3.60

4.38
4.36
4.36
4.37
4.34

Apr. 7
14,
21
28

3.90
3.89
3.88
3.90

3.14
3.11
3.06
3.01

3.24
3.24
3.21
3.17

3.01
3.01
2.97
2.93

3.14
3.13
3.11
3.07

3.23
3.23
3.21
3.15

3.57
3.57
3.55
3.52

May 5

3.87
3.85
3.87
3.90

3.01
3.02
3.07
3.15

3.16
3.17
3.18
3.24

2.92
2.93
2.94
3.00

3.06
3.06
3.07
3.11

3.15
3.15
3.18
3.25

June 2
9
16
23
30.

3.89
3.88
3.87
3.90
3.95

3.21
3.23
3.24
3.24
3.24

3.27
3.30
3.31
3.29
3.32

3.04
3.05
3.06
3.05
3.08

3.14
3.15
3.16
3.15
3.19

July 7
14
21
28

3.99
4.03
4.03
4.02

3.27
3.29
3.31
3.33

3.35
3.36
3.36
3.39

3.09
3.09
3.09
3.11

Au,4
18.
25

4.03
4.00
3.98
3.94

3.38
3.37
3.31
3.26

3.42
3.44
3.41
3.33

Sept. 1
8
15
22
29

3.94
3.96
3.95
3.94
3.93

3.22
3.22
3.19
3.16
3.14

Oct. 6
13
20
27

3.90
3.90
3.88
3.89

Nov. 3
10
17
24
Dec. 1
8
15
22
29

19
26




T

'

T

T

4.42
4.40
4.40

11.

BOND YIELDS, BY TYPE OF SECURITY — Continued
B. WEEKLY, 1941-63 — Continued
[Per cent per annum]
Corporate bonds

Government bonds

Moody's

State and local
Week ending—

United
States
(longterm)

Moody's

Standard
and
Poor's
AAA

Standard
and
Poor's

Total

Aaa

Aa

A

Baa

3.87
3 87
3.87
3.91

3.11
3.08
3.09
3.15

3.22
3.22
3.20
3.21

2.94
2.94
2.94
2.95

3.10
3.10
3.04
3.07

3.26
3.26
3.25
3.25

3.57
3.57
3.55
3.55

4.19
4.18
4.17
4.17

3.90
3.92
3 91
3.92

3.19
3.20
3 18
3.17

3.23
3.23
3 23
3.23

2.97
2.98
2.98
2.98

3.10
3.10
3 10
3.10

3.27
3.27
3.27
3.27

3.57

3 94
3.92
3.93
3.94
3.95

3.17
3.17
3.10
3.07
3.08

3 25
3.25
3.23
3.18
3.19

3.02
3.02
2.98
2.93
2.93

3.12
3.12
3.09
3.06
3.06

3.29
3.28
3.27
3.19
3.21

3.95
3.96
3.99
3.98

3.08
3.11
3.13
3.13

3.20
3.20
3.21
3.23

2.94
2.95
2.99
3.00

3.06
3.06
3.07
3.09

3.98
3 97
3.96
3.97

3.13
3.12
3.14
3.15

3.23
3 23
3.19
3.20

3.01
3 01
2.97
2.97

3.99
4.00
3 99
4.00
4.00

3.20
3.24
3.26
3.29
3.27

3.22
3.29
3 30
3.32
3.32

4.02
4 03
4.02
4 00

3.28
3.33
3.33
3.29

3.99
3.99
3.99
3 99
3.99

Sept. 7 .
14
21
28
Oct

1963—Jan. 5
12
19
26
Feb. 2
9
16
23

.
.

Mar 2
9

16
23
30

Apr. 6
13

20
27
May 4
11

18
25
June 1
8
15
22
29

July 6
13

20
27

Aug. 3
10

17

24

31

5
12


19
26


By rating

By group

Total
Aaa

Aa

A

Baa

Industrial

Railroad

Public
utility

4.51
4.50
4.49
4.49

4.22
4.21
4.20
4.21

4.37
4.37
4.36
4.36

4.51
4.49
4.46

T

4.93
4.92
4.91
4.91

4.40
4 39
4.37

4.73
4 73
4 72
4 71

4.39
4 38
4 38
4 37

4.16
4.17
4.16
4.16

4.48
4.48
4.48
4.47

4.21
4.19

4.36
4.36
4.35
4.35

1

4.90
4.90
4.90
4.88

1

4
4
4
4

4
4
4
4

3.57
3.55
3.55

4.16
4.17
4.16
4.16
4.17

4.47
4.47
4.47
4.47
4.46

4.19

4.35
4.34
4.35
4.35
4.32

4.46
4.45
4.45
4.45
4.45

4.88
4.88
4.88
4.87
4.88

4 37
4.38
4.38
4.37
4.38

4 66
4 65
4.65
4.66
4 64

4 37
4 37
4.38
4.37
4 37

3.23
3.23
3.24
3.26

3.55
3.55
3.55
3.56

4.18
4.19
4.21
4.21

4.47
4.47
4.47
4.48

4.20
4.20
4.21
4.22

4.33
4.33
4.35
4.36

4.46

4.87
4.87
4.87
4.87

4.38
4.39
4.40
4.41

4.64
4 63
4.63
4.64

4.38
4 38
4.39
4.39

3.09
3 09
3.08
3.08

3.26
3.26
3.21
3.22

3.56
3.56
3.52
3.52

4.21
4.22
4.21
4.22

4.48
4.48
4.47
4.47

4.22
4.22
4.21
4.22

t

4.41
4 40

4.63
4 63
4.63
4.63

4.40
4 39

i

4.87
4.86
4.86
4.85

3.00
3.06
3.08
3.10
3.10

3.11
3.16
3.17
3.22
3.22

3.27
3.32
3.33
3.34
3.34

3.55
3.60
3.62
3.63
3.63

4.22
4.23
4.23
4.21
4.21

4.48
4.47
4.47
4.47
4.47

4.23
4.23
4.23
4.22
4.22

i
4.36

4.35

4.46
4.45
4.45
4.45
4.45

4.84
4.84
4.83
4.84
4.84

3.30
3.32
3.31
3 29

3.08
3.11
3.11
3.10

3.19
3.21
3.20
3 17

3.31
3.32
3.32
3.30

3.60
3.62
3.61
3.57

4.21
4.24
4.27
4.26

4.48
4.48
4.49
4.50

4.23
4.24
4.27
4.29

4.37
4.38
4.39
4.39

4.46
4.46
4.47
4.47

3.24
3.22
3.22
3.22
3.22

3.27
3.27
3.28
3 30
3.29

3.08
3.08
3.08
3.11
3.09

3.15
3.15
3.15
3.18
3.17

3.28
3.28
3.30
3.32
3.32

3.57
3.57
3.59
3.59
3.58

4.26
4.26
4.26
4.26
4.27

T

T

4.40

4.50

4.29

4.03
4.05
4.05
4.04

3.22
3.26
3.30
3.30

3.30
3.31
3.32
3.33

3.12
3.12
3.13
3.15

3.18
3.20
3.21
3.22

3.32
3.32
3.34
3.34

3.58
3.58
3.58
3.59

4.30
4.30
4.31
4.31

4.51
4.51
4.52
4.52

4.30
4.31
4.32
4.32

4 04
4.06
4 07
4.07

3.30
3.28
3.31
3.35

3.33
3.31
3.31
3.34

3.15
3.14
3.14
3.16

3.22
3.21
3.21
3.24

3.34
3.32
3.32
3.34

3.59
3.58
3.58
3.60

4.30
4.31
4.31
4.31

4.52
4.53
4.52
4.53

4.32
4.31
4.31
4.32

T
i

1

t

1

1

T

T

70
70
68
68

38
37
37
37

T

4^9

4.40

4.63
4.62
4 61
4.61
4.63

4.85
4.84
4.84
4.84

4.41
4.41
4.43
4.44

4.62
4 62
4.62
4 62

4.40
4 41
4.42
4 42

1

4.47
4.48
4.48
4.48
4.48

4.84
4.83
4.83
4.83
4.83

4.45
4.45
4.44
4.44
4.45

4.63
4.64
4.63
4.63
4.63

4.42
4.42
4.43
4.42
4.42

4.40
4.41
4.42
4.43

4.49
4.49
4.50
4.51

4.84
4.84
4.84
4.84

4.45
4.46

4.64
4.64
4.65
4.65

4.44
4.45
4.45
4.45

4.43
4.43
4.43
4.44

4.51
4.51
4.51
4.52

4.83
4.84
4.84
4.83

4.65
4.67
4.67
4.66

4.44
4.44
4.45

T

1

T
1

4.46
4.47

4.40
4.40

AAA

Nov. 2
9
16
23
30

4.09
4.12
4.10
4.10
4.10

3.35
3.37
3.42
3.42
3.42

3.34
3.35
3.37
3.37
3.36

3.16
3.16
3.18
3.18
3.17

3.24
3.25
3.27
3.27
3.26

3.35
3.36
3.39
3.40
3.39

3.60
3.61
3.62
3.62
3.62

4.30
4.30
4.32
4.31
4.31

4.53
4.53
4.54
4.54
4.54

4.32
4.33
4.33
4.33
4.33

4.43
4.44
4.44
4.44
4.44

4.52
4.53
4.54
4.54
4.54

4.83
4.83
4.83
4.85
4.84

4.47
4.48
4.47
4.48
4.48

4.66
4.67
4.68
4.68
4.67

4.45
4.45
4.45
4.46
4.46

Dec. 7
14
21
28

4.12
4.12
4.15
4.16

3 42
3.34
3.32
3.32

3.34
3.34
3.32
3.31

3 14
3.12
3.11
3.11

3.25
3.25
3.22
3.22

3.38
3.37
3.35
3.32

3.61
3.61
3.62
3.60

4.33
4.33
4.35
4.36

4.54
4.54
4.55
4.57

4.33
4.34
4.36
4.37

4.44
4.45
4.46
4.49

4.53
4.53
4.55
4.57

4.84
4.85
4.85
4.85

4.48
4.47
4.48
4.50

4.67
4.67
4.69
4.70

4.47
4.49
4.50
4.51

-4




12. BOND PRICES, BY TYPE OF SECURITY, 1941-63
[Price per $100 bond]

Period

U.S.
Govt.
(longterm)

Standard and
Poor's
State
and
local
govt.

Corporate

1941
1942
1943
1944

109.5
100.7
100.5
100.2

130.9
126.2
131.8
135.7

117.7
117.4
118.3
118.7

1945
1946
1947
1948
1949

102.0
104.8
103.8
100.8
102.7

139.6
140.1
132.8
125.3
128.9

121.6
123.4
122.1
118.3
121.0

1950
1951
1952
1953
1954

102.5
98.4
97.3
99.1
107.0

133.4
133.0
129.3
119.7
125.8

121.9
117.7
115.8
112.1
117.2

1955
1956
1957
1958
1959

102.4
98.9
93.2
94.0
85.5

123.1
116.3
105.8
106.4
100.7

114.4
109.1
101.3
102.9
95.0

1960
1961
1962
1963

86.2
87.6
86.9
86.3

103.9
107.8
112.1
111.3

94.7
95.2
96.2
96.8

1941—Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

108.5
107.1
108.5
109.2
109.7
110.1
110.5
110.1
109.9
110.5
103.2
100.5

129.8
127.8
127.6
128.9
130.2
131.4
132.3
132.8
133.0
134.5
134.9
128.1

117.2
116.9
116.8
116.3
116.9
117.3
117.9
118.3
118.5
118.9
119.1
117.7

1942—Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

100.4
100.4
100.8
101.1
100.9
101.2
100.8
100.6
100.8
100.8
100.6
100.2

126.7
122.6
122.2
124.5
124.5
125.7
126.7
127.6
128.1
128.6
129.0
127.8

117.4
117.3
117.0
117.4
117.3
117.2
117.5
117.5
117.5
117.5
117.5
117.3

1943_Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

100.7
100.6
100.4
100.4
100.7
100.8
100.8
100.5
100.4
100.4
100.2
100.2

127.7
128.6
128.7
129.1
130.4
131.5
133.4
134.6
134.4
135.2
134.9
132.8

117.6
118.0
117.8
117.9
118.1
118.4
118.8
118.9
118.8
118.7
118.3
117.7

1944—Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

100.2
100.1
100.3
100.3
100.2
100.2
100.2
100.4
100.4
100.3
100.3
100.3

134.4
135.8
136.0
135.8
135.6
135.5
136.1
136.5
136.2
135.5
135.2
135.5

118.2
118.2
118.3
118.6
118.8
118.6
118.6
118.7
119.0
119.0
119.0
119.4




Month

U.S.
Govt.
(longterm)

Standard and
Poor's
State
and

local
govt.

Month
Corporate

1945_j a n..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

101.0
101.8
101.6
101.7
101.7
102.4
102.5
102.2
102.0
102.4
102.6
102.7

136.6
138.7
140.7
141.6
141.3
141.5
141.6
138.8
137.0
137.7
139.0
140.1

120.8
121.5
122.0
122.0
121.9
121.6
121.7
121.5
121.3
121.4
121.6
121.8

1951—Jan..
Feb.
Mar.

1946—Jan..
Feb.
Mar.
Apr..
May
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec.

104.6
106.0
106.5
106.6
104.8
105.3
104.9
104.1
103.2
103.6
103.7
103.9

141.6
143.4
143.4
144.1
142.1
142.0
140.9
140.0
137.8
136.0
136.8
133.4

1947_jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug..
Sept.
Oct..
Nov.,
Dec.

104.3
104.4
104.6
104.6
104.5
104.1
103.8
103.9
104.0
103.4
102.1
101.6

1948—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.

U.S.
Govt.
(longterm)

Standard and
Poor's
State
and
local
govt.

May!
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

101.6
101.4
100.3
98.9
97.9
97.6
97.6
98.9
99.1
98.2
97.5
96.8

140.5
140.8
135.5
131.9
131.1
128.6
129.4
132.1
132.0
131.3
131.6
130.9

123.2
124.2
124.6
124.6
123.7
124.1
123.8
123.4
122.6
122.1
122.1
121.8

1952—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec.

96.3
96.8
96.9
98.0
98.9
98.3
98.4
97.1
96.9
96.4
97.0
96.4

130.8
132.1
131.4
132.7
131.9
130.9
130.4
128.6
126.6
125.0
125.4
125.3

134.4
133.1
132.5
133.2
133.9
134.4
134.7
134.3
134.4
132.5
129.4
126.2

122.8
122.9
122.9
123.3
123.4
123.1
123.1
123.2
122.5
120.6
119.3
117.8

1953—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.

95.7
95.3
94.3
100.4
98.2
98.1
99.4
99.3
99.1
102.0
102.1
103.2

124.0
122.8
121.6
121.5
119.4
115.1
115.1
116.9
116.9
119.7
121.4
122.3

100.7
100.7
100.8
100.8
101.2
101.2
100.8
100.7
100.7
100.7
100.8
100.9

124.5
122.6
123.1
125.7
127.1
127.8
126.6
124 A
124.0
124.5
125.0
127.8

118.1
118.0
118.3
118.9
119.1
119.3
118.5
117.6
117.7
117.6
117.6
118.5

1954—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.

104.8
105.9
107.3
108.2
107.2
107.0
108.3
108.2
107.5
107.2
106.7
106.4

123.6
125.4
125.6
123.9
123.6
123.9
126.9
128.4
127.2
126.9
127.4
126.6

1949—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.

101.2
101.5
101.7
101.6
101.6
101.7
103.3
103.6
103.9
103.9
104.2
104.4

129.9
128.6
128.8
129.1
129.1
127.5
127.9
129.1
128.6
128.8
129.6
130.3

119.8
120.0
120.1
120.2
120.3
120.2
120.9
121.6
122.1
121.9
122.2
122.6

1955—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec.

104.9
103.5
103.4
102.7
102.9
102.7
101.4
100.8
101.2
102.0
101.7
101.4

125.4
124.9
124.4
124.9
125.1
123.9
121.4
120.5
121.3
122.5
122.7
119.8

1950—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.

104.2
103.6
103.2
102.9
102.7
102.4
102.2
102.3
101.9
101.6
101.7
101.5

131.4
131.7
131.5
131.3
131.5
131.1
131.1
134.8
135.2
136.4
137.0
137.4

122.7
122.7
122.7
122.5
122.1
122.0
121.5
122.1
121.7
121.2
121.0
121.1

1956—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.

101.8
102.3
101.1
99.0
100.4
101.1
100.0
97.5
96.9
97.1
95.6
94.2

121.0
122.2
120.3
116.9
117.3
119.2
118.6
116.0
113.8
112.8
109.0
108.1

98

12. BOND PRICES, BY TYPE OF SECURITY, 1941-63 — Continued
[Price per $100 bond]
Standard and
Poor's

Standard and
Poor's
Month

U.S.
Govt.
(longterm)

U.S.
Govt.
(longterm)

Month

State
and
local
govt.

Corporate

9.51
96.8
96.2
95.4
94.2
91.8
91.5
91.1
90.7
89.8
91.9
95.6

108.6
110.9
110.0
109.8
106.9
103.5
103.5
101.2
101.3
102.9
103.4
107.5

102.8
104.2
104.4
104.3
103.2
101.0
100.0
98.3
98.0
98.2
98.3
102.7

M*ay!
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

96.5
96.2
96.3
98.2
97.9
97.2
94.8
91.5
89.5
89.4
90.1
88.9

110.0
109.1
107.9
110.0
111.4
110.8
108.0
103.7
100.6
100.9
102.3
102.3

105.9
105.7
105.0
105.3
105.5
105.5
104.2
102.0
98.9
98.6
98.8
98.7

1959—Jan..
Feb..
Mar.
Apr.,

87.5
87.4
87.4
86.2

101.8
102.2
103.4
102.2

98.1
98.0
98.2
97.0

1957_Jan..
Feb..
Mar.
M*ay
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
1958—Jan..
Feb..
Mar.

Standard and
Poor's
Month

State
and
local
govt.

Corporate

1959—May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

85.3
85.2
85.0
85.1
83.2
85.0
84.8
83.0

100.4
99.4
99.4
100.6
98.3
100.2
100.9
99.3

81.8
83.6
85.3
84.2
84.4
86.5
88.1
88.9
88.6
87.5
87.2
87.8

98.3
100.4
101.9
102.3
102.2
103.1
103.9
106.7
106.7
105.9
107.7
108.0

87.7
88.7
89.1
88.8
89.7
87.8
87.6
86.3

108.1
109.7
108.9
108.1
109.0
106.8
106.7
106.5

Corporate

106.6
107.7
108.1
107.3

93.9
94.6
94.9
94.5

85.3
85.2
86.2
87.7
87.9
87.6
86.1
86.6
87.0
87.7
88.0
88.0

109.9
110.5
111.9
113.7
113.5
111.2
110.2
110.1
112.1
114.4
114.5
113.0

94.9
94.8
95.3
96.0
96.6
96.3
95.9
95.7
96.3
97.3
97.4
97.3

1963—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.,
Dec.

95.6
96.3
97.0
96.4
96.0
95.0
94.5
93.9

86.1
86.6
86.5
85.6

1962—Jan..
Feb..
Mar.
Apr.,
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

92.0
92.8
93.9
94.2
94.1
94.2
94.8
96.4
96.8
96.0
95.5
95.1

1961—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug..

State
and
local
govt.

1961—Sept.
Oct..
Nov.
Dec.

87.8
87.3
87.2
86.6
86.7
86.4
86.2
86.4
85.8
85.5
85.0
84.6

113.0
112.1
113.3
113.1
112.6
110.7
110.3
111.4
110.7
109.9
108.5
109.5

97.6
97.8
97.8
97.4
97.1
97.1
96.7
96.5
95.9
95.9
95.9
95.4

95.0
94.0
93.8
94.3
93.0
92.8
92.9
92.4

I960—Jan..
Feb.,
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct.*
Nov.
Dec.

U.S.
Govt.
(longterm)

13. BASIC YIELDS OF CORPORATE BONDS, BY TERM TO MATURITY, 1941-63
[Per cent per annum]
Years to maturity
Year

....

1945
1946
1947
1948
1949

5

10

15

20

25

30

0.41
.81
1.17
i 1.08

1.21
1.50
1.71
1.58

1.88
2.16
2.16
2.20

2.28
2.47
2.45
2.54

2.50
2.61
2.61
2.60

2.61
2.64
2.65
2.60

2.65
2.65
2.65
2.60

1.02
1.86
1.05
1.60
1.60

1.53
1.32
1.65
2.03
1.92

2.14
i 1.88
1 2.08
2.53
2.32

2.45
2.26
2.30
2.66
2.54

2.55
2.35
2.40
2.73
2.62

2.55
2.40
2.46
2.77
2.68

2.55
2.43
2.50
2.80
2.74

i 1.42
i 2.05
12.73
12.62
2.40

1941
1942
1943
1944

i 1.90
i 2.22
12.73
12.75
2.52

2.30
2.39
2.73
2.88
2.66

2.40
2.51
2.81
2.97
2.78

2.48
2.59
2.88
3.05
2.88

2.54
2.63
2.94
3.11
2.95

2.58
2.67
3.00
3.15
3.00

2.60
2.70
i 3.50
13.21
3.67

2.70
2.78
i 3.50
i 3.25
3.80

2.80
2.86
3.50
3.33
4.03

2.88
2.93
3.50
3.40
4.10

2.95
2.99
i 3.50
3.47
4.10

3.00
3.04
3.60
3.54
4.10

3.04
3.09
3.68
3.61
4.10

4.95
3.10
3.50
3.25

4.75
3.75
3.97
3.77

4.60
4.00
4.28
3.98

4.55
4.06
4.37
4.05

4.55
4.12
4.40
4.10

4.55
4.16
4.41
4.14

4.55
4.22
4.42
4.16

1

1950
1951
1952
1953
1954
1955
1956
1957
1958
1959

1

..

I960
1961
1962
1963

i More than usually subject to error.




99

14. STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION
A. ANNUALLY AND MONTHLY, 1900-63
[1941-43 = 10]
Common

Total

Industrial

Railroad

1900
1901
1902
1903
1904

6.15
7.84
8.42
7.21
7.05

3.38
4.00
3.92
3.20
2.92

18.62
25.01
28.37
24.71
24.61

24.22
27.82
28.25
24.48
24.19

1905
1906
1907
1908
1909

X
§

8.99
9.64
7.84
7.78
9.71

4.11
4.82
3.84
3.74
4.99

31.85
34.06
28.09
28.18
34.79

25.59
23.25
17.36
16.11
19.39

1911..
1912.

1910.,
1913.,
1914.,

9.35
9.24
9.53
8.51
8.08

5.02
4.82
5.18
4.56
4.50

32.90
32.43
32.83
29.48
27.39

19.08
20.00
20.92
18.92
18.14

111.2
111.4
111.7
106.7
107.9

1915.,
1916.,
1917.,
1918.,
1919.

8.31
9.47
8.50
7.54
8.78

5.22
6.62
6.15
5.57
7.13

26.38
28.35
24.89
22.40
22.94

18.65
20.26
18.24
14.70
14.79

108.0
113.1
109.1
104.4
110.9

1920.,
1921.,
1922.,
1923.,
1924.,

7.98
6.86
8.41
8.57
9.05

6.50
5.07
6.35
6.54
6.83

20.86
20.15
23.71
23.45
25.02

13.36
14.18
17.39
18.11
19.34

103.2
103.0
114.0
114.5
115.2

1925.,
1926.,
1927.,
1928.,
1929.

11.15
12.59
15.34
19.95
26.02

8.69
10.04
12.53
16.92
21.35

29.21
32.72
38.17
40.40
46.15

23.28
24.11
27.63
36.86
59.33

118.6
121.0
127.1
136.7
136.7

1930.
1931.
1932.
1933.
1934.

21.03
13.66
6.93
8.96
9.84

16.42
10.51
5.37
7.61
9.00

39.82
23.72
8.75
12.75
14.05

53.24
37.18
20.65
19.72
15.79

141.5
139.4
114.7
122.1
132.5

1935.
1936.
1937.
1938.
1939.

10.60
15.47
15.41
11.49
12.06

10.13
14.69
14.97
11.39
11.77

11.78
17.71
16.86
9.15
9.82

15.15
22.47
19.07
14.17
16.34

151.4
161.9
157.6
161.4
167.5

11.02
9.82
8.67

10.69
9.72
8.78

9.41
9.39
8.81

15.05
10.93
7.74

169.2
171.9
162.4


1940.
1941.
http://fraser.stlouisfed.org/
1942.
Federal Reserve Bank of St. Louis

Common

Common
PrePublic ferred
utility

Year

Total

Industrial

Railroad

PrePublic ferred
utility

1903—Jan.. .
Feb...
Mar..
Apr...
May..
June. .
July. .
Aug..,
Sept..
Oct.. .
Nov..
Dec,

8.46
8.41
8.08
7.75
7.60
7.18
6.85
6.63
6.47
6.26
6.28
6.57

3.82
3.93
3.81
3.64
3.52
3.30
3.01
2.88
2.74
2.56
2.49
2.64

28.96
28.48
27.18
26.00
25.58
24.20
23.55
22.86
22.54
22.05
22.15
23.00

27.88
27.71
27.08
26.24
25.93
24.63
23.24
22.57
21.81
21.37
22.15
23.18

1904—Jan...
Feb...
Mar..
Apr..,
May..
June.,
July. .
Aug..
Sept..
Oct.. ,
Nov..
Dec.

6.68
6.50
6.48
6.64
6.50
6.51
6.78
7.01
7.32
7.75
8.17
8.25

2.72
2.65
2.63
2.68
2.59
2.60
2.73
2.83
3.00
3.27
3.64
3.71

23.36
22.64
22.64
23.20
22.61
22.70
23.79
24.56
25.68
27.14
28.31
28.74

1905—Jan.. .
Feb..
Mar..
Apr..,
May.,
June.
July. .
Aug..
Sept..
Oct..
Nov..
Dec.

8.43
8.80
9.05
8.94
8.50
8.60
8.87
9.20
9.23
9.36
9.31
9.54

3.77
3.96
4.10
4.12
3.86
3.85
4.01
4.18
4.13
4.26
4.35
4.71

1906—Jan.. .
Feb...
Mar..
Apr...
May..
June.,
July. .
Aug..
Sept..
Oct.. ,
Nov..
Dec.

9.87
9.80
9.56
9.43
9.18
9.30
9.06
9.73
10.03
9.97
9.93
9.84

4.99
4.95
4.73
4.73
4.56
4.56
4.41
4.82
5.01
5.04
5.03
4.98

Month

Total

Industrial

Railroad

PrePublic ferred
utility

1912—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

9.12
9.04
9.30
9.59
9.56
9.58
9.59
9.81
9.86
9.84
9.73
9.38

4.70
4.60
4.84
5.16
5.17
5.28
5.30
5.44
5.54
5.57
5.44
5.13

32.06
31.78
32.40
33.18
32.91
32.79
32.79
33.60
33.60
33.40
33.18
32.26

20.24
20.45
21.02
21.12
21.04
21.02
21.18
21.29
21.18
21.04
20.95
20.47

110.6
110.5
111.6
112.3
112.4
112.6
112.2
112.8
112.9
112.7
110.7
109.6

23.47
22.88
22.93
23.39
23.45
23.28
23.66
24.40
24.92
25.80
26.24
25.91

1913—Jan..
Feb..
Mar.
Apr.,
May.
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec

9.30
8.97
8.80
8.79
8.55
8.12
8.23
8.45
8.53
8.26
8.05
8.04

5.07
4.81
4.70
'4.71
4.57
4.23
4.32
4.57
4.66
4.44
4.30
4.33

32.06
31.22
30.60
30.54
29.69
28.31
28.68
29,H
29.24
28.55
27.89
27.83

20.13
19.57
19.42
19.25
18.92
18.45
18.60
19.06
19.29
18.54
17.99
17.78

108.8
108.3
107.7
107.9
106.4
104.5
104.9
106.4
107.8
106.3
105.3
105.5

29.62
31.09
32.00
31.51
29.99
30.54
31.49
32.85
33.15
33.50
33.08
33.34

25.61
25.84
26.24
25.93
25.07
25.28
25.55
25.84
25.47
25.51
25.24
25.51

1914—Jan..
Feb.
Mar.
Apr.,
May,
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

8.37
8.48
8.32
8.12
8.17
8.13
7.68

4.59
4.73
4.70
4.54
4.57
4.55
4.27

28.68
28.90
28.12
27.44
27.64
27.46
26.06

18.37
18.60
18.60
18.29
18.39
18.29
17.38

107.5
108.9
108.6
108.1
108.6
108.5
107.5

7.35

4.08

24.83

17.22

105.7

34.35
34.22
33.60
33.11
32.26
32.89
32.26
34.71
35.75
35.40
35.26
34.94

25.72
25.22
24.21
23.51
23.28
23.14
22.25
22.63
22.40
22.36
22.19
22.11

1915—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct.
Nov.
Dec.

7.48
7.38
7.57
8.14
7.95
8.04
8.01
8.35
8.66
9.14
9.46
9.48

4.14
4.07
4.29
4.85
4.76
4.97
5.13
5.49
5.82
6.24
6.37
6.47

25.19
24.76
25.21
26.55
25.84
25.64
25.05
25.80
26.49
27.93
29.14
28.94

17.51
17.68
17.93
18.52
18.24
18.48
18.27
18.60
18.98
19.42
20.03
20.11

106.5
105.2
104.0
107.1
106.9
107.4
107.2
108.2
109.6
110.1
111.7
112.2

Month

N.Y.S.E. closed

1943
1944

11.50
12.47

11.49
12.34

11.81
13.47

11.34
12.81

172 7
175.8

1945.,
1946.,
1947.,
1948.,
1949.

15.16
17.08
15.17
15.53
15.23

14.72
16.48
14.85
15.34
15.00

18.21
19.09
14.02
15.27
12.83

16.84
20.76
18.01
16.77
17.87

189.1
198.5
184.7
168.6
176.4

1950.
1951.
1952.,
1953.
1954.

18.40
22.34
24.50
24.73
29.69

18.33
22.68
24.78
24.84
30.25

15.53
19.91
22.49
22.60
23.96

19.96
20.59
22.86
24.03
27.57

181.7
170.4
169.7
164.0
174.5

1955.
1956.
1957.
1958.
1959.

40.49
46.62
44.38
46.24
57.38

42.40
49.80
47.63
49.36
61.45

32.94
33.65
28.11
27.05
35.09

31.37
32.25
32.19
37.22
44.15

174.8
165.3
151.4
157.4
149.5

1960.
1961.
1962.
1963.

55.85
66.27
62.38
69.87

59.43
69.99
65.54
73.39

30.31
32.83
30.56
37.58

46.86
60.20
59.16
64.99

147.4
150.2
155.6
163.0

1900—Jan...
Feb...
Mar..
Apr...
May .
June..
July..
Aug..
Sept..
Oct...
Nov..
Dec...

6.10
6.21
6.26
6.34
6.04
5.86
5.86
5.94
5.80
6.01
6.48
6.87

3.51
3.59
3.51
3.50
3.23
3.07
3.13
3.21
3.13
3.26
3.61
3.75

18.01
18.40
18.85
19.19
18.44
17.98
17.88
18.04
17.75
18.34
19.58
21.01

1901—Jan...
Feb...
Mar..
Apr...
May..
June..
July. .
Aug..
Sept..
Oct...
Nov..
Dec...

7.07
7.25
7.51
8.14
7.73
8.50
7.93
8.04
8.00
7.91
8.08
7.95

3.75
3.81
3.95
4.27
3.92
4.45
4.17
4.14
4.05
3.89
3.88
3.75

1902—Jan...
Feb...
Mar..
Apr...
May..
June..
July..
Aug..
Sept..
Oct...
Nov..
Dec...

8.12
8.19
8.20
8.48
8.46
8.41
8.60
8.83
8.85
8.57
8.24
8.05

3.91
3.96
3.96
4.07
4.01
3.91
3.93
4.02
4.04
3.92
3.72
3.58




1907—Jan.. .
Feb...
Mar..,
Apr...
May..
June..
July..
Aug...
Sept..
Oct.. .
Nov..
Dec...

9.56
9.26
8.35
8.39
8.10
7.84
8.14
7.53
7.45
6.64
6.25
6.57

4.89
4.78
4.30
4.23
4.06
3.94
4.12
.70
3.50
2.95
2.75
2.89

33.76
32.53
29.26
29.46
28.51
27.76
28.80
27.18
27.18
24.80
23.36
24.44

21.48
21.23
19.48
19.71
19.27
17.99
18.41
15.94
15.62
13.31
12.53
13.35

1916—Jan
Feb
Mar
Apr
May....
June....
July
Aug
Sept
Oct
Nov
Dec

9.33
9.20
9.17
9.07
9.27
9.36
9.23
9.30
9.68
9.98
10.21
9.80

6.40
6.36
6.35
6.24
6.35
6.35
6.21
6.37
6.90
7.17
7.61
7.07

28.45
27.80
27.64
27.44
28.19
28.64
28.35
28.12
28.58
29.30
29.10
28.55

19.92
19.69
19.78
19.69
19.99
20.11
20.01
20.28
20.55
20.83
21.23
21.04

112.2
112.4
112.4
111.8
112.6
112.5
112.1
113.1
114.0
114.6
115.0
114.0

1908—Jan.. .
Feb...
Mar..
Apr...
May..
June..
July. .
Aug..,
Sept..
Oct.. .
Nov..
Dec...

6.85
6.60
6.87
7.24
7.63
7.64
7.92
8.26
8.17
8.27
8.83
9.03

3.08
2.98
3.23
3.43
3.61
3.61
3.85
4.16
3.99
4.07
4.43
4.43

25.35
24.40
25.11
26.30
27.80
27.86
28.61
29.59
29.39
29.71
31.58
32.43

13.96
13.44
14.02
15.16
15.79
15.77
16.33
17.07
17.24
17.26
18.27
18.96

1917—Jan
Feb
Mar
Apr
May....
June....
July
Aug
Sept
Oct
Nov
Dec

9.57
9.03
9.31
9.17
8.86
9.04
8.79
8.53
8.12
7.68
7.04
6.80

6.80
6.37
6.71
6.56
6.55
6.75
6.52
6.28
5.91
5.54
4.99
4.85

27.99
26.52
26.85
26.55
25.48
25.80
25.48
25.11
24.04
23.00
21.27
20.55

20.83
19.86
20.43
20.41
19.57
19.57
18.52
17.53
17.05
16.06
14.91
14.11

114.0
113.1
112.7
112.0
110.2
110.5
110.4
110.0
108.2
105.7
102.5
100.1

25.26
24.94
24.40
24.69
24.02
23.45
23.24
23.35
22.57
23.33
25.32
26.10

1909—Jan.. .
Feb..,
Mar..
Apr..,
May.
June.,
July. .
Aug..
Sept..
Oct..
Nov..
Dec.

9.06
8.80
8.92
9.32
9.63
9.80
9.94
10.18
10.19
10.23
10.18
10.30

4.41
4.19
4.19
4.49
4.80
4.98
5.09
5.32
5.41
5.56
5.69
5.74

32.85
32.20
32.69
33.93
34.68
35.16
35.75
36.41
36.25
36.15
35.46
35.95

18.37
17.66
18.18
18.92
19.57
19.69
19.59
19.86
20.01
19.95
20.30
20.53

1918—Jan
Feb
Mar
Apr
May
June....
July
Aug
Sept
Oct
Nov
Dec

7.21
7.43
7.28
7.21
7.44
7.45
7.51
7.58
7.54
7.86
8.06
7.90

5.25
5.46
5.31
5.32
5.53
5.54
5.62
5.66
5.57
5.79
5.91
5.84

21.46
21.79
21.77
21.22
21.94
22.03
22.05
22.58
22.69
23.41
24.27
23.57

14.89
15.22
14.76
14.51
14.38
14.34
14.05
13.94
14.30
15.31
15.64
15.01

102.3
104.2
104.3
103.9
104.0
103.5
104.0
104.5
104.3
105.3
105.9
107.0

21.99
22.70
23.49
25.58
24.60
26.95
24.83
25.45
25.61
25.74
26.79
26.39

25.97
26.10
27.21
28.87
27.76
29.20
28.49
28.72
28.32
27.52
27.88
27.84

1910—Jan..
Feb..
Mar.
Apr.,
May,
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.

10.08
9.72
9.96
9.72
9.56
9.10
8.64
8.85
8.91
9.32
9.31
9.05

5.61
5.23
5.43
5.24
5.11
4.81
4.53
4.69
4.71
5.00
5.08
4.83

35.30
34.19
35.00
34.29
33.83
32.20
30.60
31.25
31.39
32.69
32.40
31.61

20.01
19.63
19.92
19.29
18.96
18.52
17.82
18.18
18.75
19.34
19.36
19.21

114.6
112.9
114.7
113.2
112.1
110.3
108.0
108.2
109.1
110.6
110.9
109.7

1919—Jan
Feb
Mar
Apr
May....
June
July
Aug
Sept
Oct
Nov
Dec

7.85
7.88
8.12
8.39
8.97
9.21
9.51
8.87
9.01
9.47
9.19
8.92

5.93
5.95
6.21
6.57
7.10
7.44
7.85
7.36
7.55
8.10
7.86
7.67

22.84
22.84
23.05
23.12
24.56
24.34
24.33
22.35
22.27
22.54
21.98
21.01

14.68
14.80
15.07
14.99
15.39
15.56
15.37
14.78
14.61
14.44
14.11
13.73

109.2
109.8
110.7
111.2
111.4
112.6
112.6
111.4
111.4
111.1
109.8
109.1

26.81
27.01
27.05
28.09
28.19
28.31
29.36
30.24
30.28
29.30
28.19
27.64

28.01
28.26
28.49
29.31
28.89
28.53
28.15
28.62
28.64
27.67
27.27
27.10

1911—Jan..
Feb.,
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

9.27
9.43
9.32
9.28
9.48
9.67
9.63
9.17
8.67
8.72
9.07
9.11

4.91
5.06
4.96
4.92
5.05
5.13
5.10
4.80
4.39
4.30
4.53
4.68

32.43
32.85
32.49
32.46
33.01
33.80
33.76
32.24
30.64
31.09
32.26
32.14

19.82
20.11
20.13
19.95
20.45
20.68
20.41
19.63
19.25
19.57
20.09
19.92

111.1
113.1
112.7
112.1
113.4
113.5
112.6
110.8
109.2
108.8
109.8
110.1

1920—Jan
Feb
Mar
Apr
May....
June....
July
Aug
Sept
Oct
Nov
Dec

8.83
8.10
8.67
8.60
8.06
7.92
7.91
7.60
7.87
7.88
7.48
6.81

7.56
6.75
7.31
7.33
6.78
6.64
6.56
6.06
6.23
6.05
5.65
5.08

20.88
19.97
21.33
20.58
19.72
19.58
20.01
20.67
21.86
23.02
22.30
20.43

13.75
13.46
13.73
13.54
13.08
12.97
12.89
13.00
13.29
13.84
13.73
13.04

109.1
106.7
106.9
106.0
102.5
102.0
101.4
100.6
100.9
101.9
101.1
99.3

14. STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION — Continued
A. ANNUALLY AND MONTHLY, 1900-63 — Continued
[1941-43 = 10]
Common

Common

Total

Industrial

Railroad

PrePublic ferred
utility

1921—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

7.11
7.06
6.88
6.91
7.12
6.55
6.53
6.45
6.61
6.70
7.06
7.31

5.35
5.31
5.17
5.23
5.40
4.83
4.72
4.57
4.72
4.86
5.23
5.50

20.97
20.77
19.94
19.32
20.18
19.19
19.73
20.06
20.44
20.07
20.48
20.61

13.39
13.48
13.75
14.26
14.34
13.98
13.98
14.07
14.23
14.42
14.93
15.28

102.6
104.1
103.6
103.1
102.7
101.4
101.7
100.5
101.4
102.4
105.2
107.2

1922—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

7.30
7.46
7.74
8.21
8.53
8.45
8.51
8.83
9.06
9.26
8.80
8.78

5.46
5.57
5.78
6.20
6.52
6.46
6.43
6.59
6.82
7.03
6.67
6.72

20.67
21.22
22.03
23.17
23.64
23.27
24.17
25.51
25.85
26.20
24.70
24.04

15.60
16.00
16.57
17.01
17.34
17.22
17.32
18.08
18.58
18.60
18.22
18.12

1923—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

8.90
9.28
9.43
9.10
8.67
8.34
8.06
8.10
8.15
8.03
8.27
8.55

6.87
7.22
7.40
7.08
6.64
6.25
6.02
6.07
6.11
5.99
6.24
6.60

24.01
24.98
24.93
24.25
23.71
23.57
22.72
22.51
22.62
22.42
22.83
22.79

1924—Jan
Feb
Mar

8.83
8.87
8.70
8.50
8.47
8.63
9.03
9.34
9.25
9.13
9.64
10.16

6.84
6.87
6.67
6.42
6.35
6.45
6.77
7.05
6.73
6.95
7.22
7.66

23.23
23.43
23.29
23.50
23.70
24.24
25.52
26.21
25.85
25.48
27.28
28.56

Month

May'.'.'.'.'.'.
June
July
Aug
Sept
 Oct
Nov
http://fraser.stlouisfed.org/
Dec

Federal Reserve Bank of St. Louis

Common

Total

Industrial

Railroad

PrePublic ferred
utility

1930—j an ..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept.,
Oct..
Nov.,
Pec.

21.71
23.07
23.94
25.46
23.94
21.52
21.06
20.79
20.78
17.92
16.62
15.51

17.13
18.06
18.73
19.93
18.60
16.68
16.41
16.33
16.21
13.84
12.97
12.17

42.81
44.96
44.98
44.69
42.62
40.11
40.12
38.98
39.07
35.58
33.31
30.58

52.25
57.56
60.80
66.53
63.28
56.00
53.45
51.90
52.70
45.66
40.83
37.92

138.4
138.9
141.2
141.3
141.4
141.6
141.5
142 A
143.9
144.5
142.9
140.2

109.8
110.9
112.1
111.9
113.2
113.6
114.4
115.4
116.4
117.6
117.1
116.1

1931—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec.

15.98
17.20
17.53
15.86
14.33
13.87
14.33
13.90
11.83
10.25
10.39
8.44

12.34
13.27
13.45
12.18
10.97
10.56
10.95
10.72
9.15
7.91
8.09
6.54

32.73
34.11
31.70
28.74
25.43
24.60
24.65
21.72
18.10
16.46
15.06
11.33

40.03
43.90
47.31
42.61
39.11
38.44
39.84
39.12
33.32
28.57
29.33
24.63

18.14
18.64
18.66
18.37
18.06
17.85
17.64
17.87
18.08
17.82
17.99
18.16

116.4
117.0
116.3
114.2
114.2
113.7
113.8
114.0
113.6
113.4
113.8
113.4

1932—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

8.30
8.23
8.26
6.28
5.51
4.77
5.01
7.53
8.26
7.12
7.05
6.82

6.39
6.33
6.35
4.83
4.27
3.80
4.00
5.94
6.39
5.49
5.45
5.18

11.92
11.40
10.70
7.49
5.74
4.90
5.28
9.38
11.41
9.25
8.92
8.62

18.73
18.79
18.62
18.41
18.45
18.81
19.21
19.63
19.92
19.86
20.41
21.23

114.1
114.9
114.2
113.3
113.7
114.6
115.5
116.5
116.0
116.0
116.9
117.1

1933—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

7.09
6.25
6.23
6.89
8.87
10.39
11.23
10.67
10.58
9.55
9.78
9.97

5.35
4.74
4.93
5.75
7.41
8.61
9.40
9.15
9.37
8.49
8.92
9.16

9.36
8.84
8.87
9.05
12.39
14.59
17.26
16.54
15.88
13.22
13.18
13.77

Month

Total

Industrial

Railroad

PrePublic ferred
utility

1939—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

12.50
12.40
12.39
10.83
11.23
11.43
11.71
11.54
12.77
12.90
12.67
12.37

12.30
12.12
12.09
10.56
10.91
11.11
11.37
11.15
12.56
12.60
12.35
12.06

10.25
9.93
10.18
8.40
8.78
8.91
9.13
8.84
10.65
11.44
10.95
10.37

16.05
16.81
16.77
14.97
15.79
16.06
16.55
16.92
16.18
16.64
16.76
16.52

170.1
176.0
169.4
168.3
169.1
170.7
172.8
172.0
156.1
156.9
165.3
169.0

141.0
143.0
144.1
145.0
145.0
143.9
144.1
144.7
141.1
130.3
129.0
122.0

1940_jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

12.30
12.22
12.15
12.27
10.58
9.67
9.99
10.20
10.63
10.73
10.98
10.53

11.95
11.87
11.84
11.94
10.28
9.34
9.55
9.79
10.26
10.39
10.73
10.34

10.20
10.12
10.08
10.23
8.65
8.03
8.61
8.79
9.43
9.61
9.86
9.29

16.97
16.85
16.34
16.57
14.56
13.70
14.88
14.74
14.68
14.42
13.88
12.97

172.2
171.0
169.6
170.5
166.5
159.9
166.1
167.0
168.6
170.8
171.6
F76.2

24.10
24.28
24.88
19.25
17.23
13.95
14.48
21.65
24.13
21.36
21.14
21.37

119.6
119.9
120.9
110.7
106.6
101.8
104.3
115.0
119.7
119.6
119.3
118.9

1941—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

10.55
9.89
9.95
9.64
9.43
9.76
10.26
10.21
10.24
9.83
9.37
8.76

10.30
9.64
9.73
9.43
9.27
9.66
10.19
10.14
10.21
9.81
9.41
8.86

9.74
9.28
9.40
9.50
9.40
9.38
9.82
9.92
9.61
9.36
9.09
8.16

13.25
12.40
12.19
11.48
10.72
10.82
11.06
10.91
10.74
10.16
9.14
8.28

177.9
172.9
171.5
170.8
168.9
168.9
173.1
174.3
173.4
172.1
170.5
168.7

22.21
18.91
16.91
16.64
20.82
24.96
25.24
21.81
19.20
17.72
16.34
15.83

121.8
120.6
115.3
114.5
117.8
123.3
126.6
127.3
128.1
126.3
121.9
121.1

1942—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

8.93
8.65
8.18
7.84
7.93
8.33
8.64
8.59
8.68
9.32
9.47
9.52

8.95
8.67
8.24
7.93
8.01
8.47
8.82
8.76
8.84
9.45
9.56
9.68

9.18
9.16
8.58
8.11
8.06
7.86
8.44
8.73
8.92
9.71
9.70
9.23

8.54
8.18
7.44
6.94
7.18
7.49
7.39
7.24
7.34
8.12
8.60
8.42

166.3
165.1
159.8
154.8
156.3
159.2
162.0
164.0
164.0
165.5
165.4
166.9

Month

,

,

1925—Jan..
Feb..
Mar.
Apr.,
May.
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.

10.58
10.67
10.39
10.28
10.61
10.80
11.10
11.25
11.51
11.89
12.26
12.46

8.13
8.25
7.95
7.91
8.16
8.36
8.66
8.75
9.02
9.41
9.79
9.87

28.90
28.96
28.32
27.65
28.13
28.15
28.50
29.32
29.71
29.83
30.80
32.19

21.52
21.62
21.77
21.88
22.97
23.41
23.85
23.91
24.14
24.67
24.84
24.80

117.4
118.0
116.0
117.6
118.7
119.0
119.6
118.8
119.2
119.3
120.1
119.8

1934—Jan..
Feb..
Mar.
Apr..
May.
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.

10.54
11.32
10.74
10.92
9.81
9.94
9.47
9.10
8.88
8.95
9.20
9.26

9.56
10.11
9.63
9.86
8.88
8.96
8.60
8.41
8.22
8.31
8.70
8.81

15.26
17.01
16.23
16.53
14.65
14.84
13.67
12.10
11.89
12.06
12.06
12.29

17.56
19.86
18.43
18.08
16.27
16.72
15.56
14.34
13.75
13.70
12.87
12.30

123.6
128.2
129.7
131.4
132.6
133.6
135.6
135.2
132.7
131.6
135.7
140.5

1943_jan..
Feb.,
Mar.
Apr.,
May,
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.

10.09
10.69
11.07
11.44
11.89
12.10
12.35
11.74
11.99
11.88
11.33
11.48

10.22
10.81
11.13
11.44
11.87
12.14
12.29
11.66
11.91
11.78
11.25
11.42

9.88
10.35
11.48
12.35
12.88
12.53
12.89
12.01
12.22
12.29
11.43
11.44

9.22
9.66
10.35
10.95
11.35
11.52
12.40
12,03
12.38
12.31
11.76
11.80

168.0
170.8
171.5
171.5
172.1
173.8
175.9
176.4
175.9
175.1
172.6
169.1

1926—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

12.65
12.67
11.81
11.48
11.56
12.11
12.62
13.12
13.32
13.02
13.19
13.49

10.04
10.10
9.38
9.06
9.12
9.59
10.06
10.52
10.67
10.46
10.58
10.84

32.15
31.67
31.10
30.76
31.07
32.18
32.74
33.73
34.63
33.63
34.09
34.83

25.32
25.24
22.69
22.24
22.37
23.38
24.26
24.74
25.02
24.22
24.74
25.04

120.0
120.6
120.1
120.6
121.4
121.3
121.2
121.9
120.5
120.2
121.1
123.6

1935—Jan..
Feb..
Mar.
Apr.,
May
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec,

9.26
8.98
8.41
9.04
9.75
10.12
10.65
11.37
11.61
11.92
13.04
13.04

8.88
8.72
8.19
8.67
9.40
9.64
10.14
10.71
11.01
11.39
12.43
12.38

11.94
11.08
9.78
10.32
10.78
11.33
11.75
12.40
12.65
11.94
13.23
14.18

11.90
10.86
10.36
12.41
13.21
14.65
15.60
17.88
17.56
17.89
19.85
19.64

142.8
144.5
145.6
149.2
153.5
153.8
153.9
154.4
153.5
152.6
154.6
157.9

1944—Jan..
Feb.
Mar.
Apr.,
May
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.

11.85
11.77
12.10
11.89
12.10
12.67
13.00
12.81
12.60
12.91
12.82
13.10

11.78
11.63
11.95
11.75
11.98
12.58
12.90
12.67
12.47
12.76
12.67
12.90

12.20
12.83
13.22
13.03
13.15
13.48
13.96
13.65
13.18
13.77
13.97
15.25

12.10
12.18
12.49
12.25
12.30
12.75
13.10
13.37
13.17
13.46
13.25
13.29

171.2
172.7
173.4
173.8
173.2
175.8
177.6
176.9
177.4
177.4
178.5
180.9

1927—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

13.40
13.66
13.87
14.21
14.70
14.89
15.22
16.03
16.94
16.68
17.06
17.46

10.74
10.96
11.16
11.42
11.85
12.01
12.38
13.18
14.08
13.80
14.20
14.61

35.00
36.18
36.30
37.21
37.99
38.15
38.66
39.58
39.73
39.35
39.63
40.22

24.87
24.83
25.27
25.99
27.03
27.53
27.35
28.21
29.91
29.89
30.16
30.51

124.0
125.0
125.6
126.4
127.6
127.2
126.7
127.6
128.5
128.5
128.8
129.7

1936—Jan..
Feb..
Mar.
Apr.,
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

13.76
14.55
14.86
14.88
14.09
14.69
15.56
15.87
16.05
16.89
17.36
17.06

12.96
13.71
14.12
14.20
13.44
13.93
14.66
14.96
15.17
16.04
16.69
16.41

15.38
17.13
16.79
16.55
15.62
16.43
17.88
18.64
19.17
20.36
19.87
18.74

21.31
21.98
21.73
21.37
20.22
21.79
23.59
23.76
23.45
23.84
23.29
23.29

159.2
160.8
162.6
162.7
161.4
161.7
162.4
163.1
162.1
161.4
160.9
164.5

1945_j a r i ..
Feb.,
Mar.
Apr.,
May,
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

13.49
13.94
13.93
14.28
14.82
15.09
14.78
14.83
15.84
16.50
17.04
17.33

13.23
13.63
13.63
13.94
14.44
14.58
14.23
14.39
15.43
16.03
16.41
16.73

16.11
16.50
16.52
17.18
17.90
19.16
18.51
17.46
18.38
19.31
20.53
20.95

13.91
14.78
14.75
15.31
16.03
16.85
17.17
16.83
17.58
18.65
20.11
20.05

183.3
185.5
187.7
196.9
191.2
190.9
189.6
188.1
186.7
188.0
192.2
195.3

1928—Jan.,
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

17.53
17.32
18.25
19.40
20.00
19.02
19.16
19.78
21.17
21.60
23.06
23.15

14.68
14.43
15.34
16.35
16.74
15.96
16.18
16.80
18.11
18.70
19.94
19.75

39.50
38.64
39.84
41.08
41.84
39.72
39.21
39.62
40.64
40.22
42.08
42.36

31.10
31.81
32.78
35.31
38.07
35.84
35.78
36.60
39.17
38.81
42.14
44.86

131.4
133.6
137.0
141.7
141.1
138.6
137.3
136.7
135.9
134.1
136.5
137.0

1937—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

17.59
18.11
18.09
17.01
16.25
15.64
16.57
16.74
14.37
12.28
11.20
11.02

16.87
17.51
17.52
16.45
15.74
15.26
16.18
16.45
14.12
12.04
10.82
10.68

19.25
19.91
21.20
20.32
19.84
18.31
18.12
17.43
14.43
12.01
10.84
10.68

24.34
23.43
22.13
20.62
19.15
17.94
19.69
19.46
17.08
15.10
15.25
14.68

167.6
166.5
159.0
154.8
153.1
155.3
155.2
157.1
156.6
155.2
153.8
156.5

1946—Jan..
Feb.
Mar.
MPay
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

18.02
18.07
17.53
18.66
18.70
18.58
18.05
17.70
15.09
14.75
14.69
15.13

17.34
17.38
16.85
18.02
18.04
17.85
17.42
17.12
14.65
14.35
14.20
14.58

21.83
21.68
20.52
20.84
20.81
21.63
20.55
19.60
15.80
14.77
15.26
15.84

21.34
21.59
21.42
22.60
22.75
22.80
21.74
21.32
18.20
17.92
18.32
19.17

197.9
200.5
203.1
204.9
201.9
202.4
204.1
203.4
196.2
191.6
189.3
186.2

1929—Jan.,
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct.,
Nov.
Dec.

24.86
24.99
25.43
25.28
25.66
26.15
28.48
30.10
31.30
27.99
20.58
21.40

21.22
21.12
21.68
21.62
21.70
21.55
22.95
23.89
24.68
22.26
16.44
17.03

44.19
44.55
43.90
43.02
43.29
45.18
50.31
51.69
52.76
49.38
42.58
42.93

49.00
51.21
51.32
50.68
54.24
60.11
69.98
77.02
82.12
69.89
46.52
49.82

138.1
137.5
137.6
137.3
136.6
135.8
136.3
135.4
136.1
136.1
135.1
138.3

1938—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct.,
Nov.
Dec.

11.31
11.04
10.31
9.89
9.98
10.21
12.24
12.31
11.75
13.06
13.07
12.69

11.10
10.89
10.22
9.81
9.78
10.07
12.12
12.29
11.81
12.98
12.96
12.63

10.29
9.87
8.47
7.52
7.55
7.44
9.70
9.62
8.64
10.27
10.37
10.05

14.30
13.46
12.68
12.44
13.50
13.48
15.24
14.45
13.49
15.86
16.02
15.13

157.2
158.2
156.0
154.3
157.2
158.8
160.9
163.6
165.5
166.9
169.7
168.9

1947_Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct.
Nov.
Dec.

15.21
15.80
15.16
14.60
14.34
14.84
15.77
15.46
15.06
15.45
15.27
15.03

14.69
15.31
14.73
14.23
14.02
14.58
15.48
15.15
14.76
15.19
15.15
14.93

15.33
15.93
14.58
13.52
12.71
13.04
14.55
14.07
13.65
13.92
13.33
13.66

19.21
19.50
18.72
18.00
17.48
17.62
18.38
18.28
17.96
17.98
16.86
16.09

187.3
189.0
188.1
186.5
186.2
186.2
188.4
188.7
188.3
181.2
174.5
172.1




14.

STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION — Continued
A. ANNUALLY AND MONTHLY, 1900-63 — Continued
[1941-43 = 10]

Common

Common

Total

Industrial

Railroad

PrePublic ferred
utility

14.83
14.10
14.30
15.40
16.15
16.82
16.42
15.94
15.76
16.19
15.29
15.19

14.60
13.88
14.07
15.19
15.92
16.65
16.21
15.74
15.53
16.02
15.16
15.11

14.26
13.62
13.91
15.30
16.43
16.67
16.56
15.94
15.94
16.05
14.52
14.09

16.53
15.82
16.02
16.65
17.42
17.85
17.55
17.04
17.02
17.16
16.29
15.93

169.5
167.5
170.1
169.9
171.1
173.4
170.8
166.9
166.5
163.8
166.2
168.7

Mar.
Apr.
•May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

15.36
14.77
14.91
14.89
14.78
13.97
14.76
15.29
15.49
15.89
16.11
16.54

15.23
14.57
14.72
14.66
14.51
13.69
14.55
15.04
15.20
15.62
15.86
16.29

14.12
13.16
12.96
12.92
12.70
11.72
12.01
12.53
12.63
12.93
12.84
13.40

16.54
16.71
16.99
17.31
17.52
16.95
17.44
18.23
18.75
19.06
19.25
19.69

171.4
173.2
172.2
172.2
173.2
176.1
176.6
179.5
182.1
180.3
179.8
180.6

1950—Jan..
Feb.
Mar.
Apr.
May,
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

16.88
17.21
17.35
17.84
18.44
18.74
17.38
18.43
19.08
19.87
19.83
19.75

16.56
16.90
17.03
17.58
18.27
18.68
17.31
18.47
19.18
20.06
20.05
19.92

14.31
14.34
14.42
14.54
14.60
14.24
14.74
16.06
16.70
17.06
16.96
18.33

20.20
20.55
20.92
21.00
21.23
20.94
18.90
18.95
19.18
19.46
19.27
18.87

182.8
182.4
183.8
183.5
183.1
182.0
178.5
181.9
181.7
180.5
180.7
179.9

1951—Jan..
Feb.,
Mar.
Apr.
May,
June
July.
Aug.
Sept.
 Oct.,
Nov.
http://fraser.stlouisfed.org/
Dec.

21.21
22.00
21.63
21.92
21.93
21.55
21.93
22.89
23.48
23.36
22.71
23.41

21.38
22.22
21.84
22.24
22.29
21.88
22.31
23.35
23.98
23.80
23.09
23.83

20.38
21.36
19.99
19.92
19.66
18.85
18.71
19.56
20.43
20.57
19.33
20.16

20.01
20.34
20.50
20.16
20.08
20.05
20.39
20.80
21.03
21.10
21.08
21.48

180.9
180.9
174.9
170.4
168.9
167.9
166.7
169.4
168.5
167.0
165.4
163.7

Month

H-

g

1948—Jan..
Feb..
Mar.
Apr.,
May.
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.
1949—j a n - ,

Feb.,

Federal Reserve Bank of St. Louis

Common

Total

Industrial

Railroad

PrePublic ferred
utility

1953—Oct..
Nov.
Dec,

23.97
24.50
24.83

23.96
24.51
24.85

20.90
21.18
20.88

24.22
24.70
25.17

167.3
168.8
166.5

1954_jan..
Feb.,
Mar.
Apr.,
May,
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

25.46
26.02
26.57
27.63
28.73
28.96
30.13
30.73
31.45
32.18
33.44
34.97

25.55
26.12
26.72
27.97
29.21
29.43
30.64
31.26
32.20
33.17
34.56
36.14

21.19
22.12
22.02
21.82
23.05
23.43
24.43
24.76
24.40
24.76
26.35
29.13

25.51
25.90
26.39
26.75
27.06
27.28
28.21
28.82
28.74
28.19
28.62
29.41

168.7
171.8
173.3
174.3
173.8
172.9
173.3
174.7
175.8
178.1
178.9
178.3

1955—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct.,
Nov.
Dec.

35.60
36.79
36.50
37.76
37.60
39.78
42.69
42.43
44.34
42.11
44.95
45.37

36.79
38.06
37.65
39.04
38.88
41.45
44.94
44.56
46.88
44.52
47.78
48.25

29.74
30.89
31.66
33.46
33.48
34.45
34.08
33.22
34.11
31.93
33.83
34.43

29.89
30.71
30.72
31.08
30.87
31.26
31.98
32.55
32.54
31.07
31.83
31.91

175.8
175.0
174.6
176.0
175.6
175.7
176.7
174.4
172.7
173.5
174.7
172.9

1956—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct.
Nov.
Dec.

44.15
44.43
47.49
48.05
46.54
46.27
48.78
48.49
46.84
46.24
45.76
46.44

46.88
47.13
50.59
51.38
49.64
49.38
52.27
51.89
50.15
49.52
48.92
49.79

33.11
33.21
35.24
36.12
35.83
34.22
34.63
33.72
31.98
32.22
31.73
31.75

31.55
32.07
33.21
32.50
31.81
31.93
33.01
33.39
32.29
31.67
31.82
31.70

173.9
175.7
174.5
168.7
166.0
167.8
168.2
165.1
159.6
158.5
153.7
151.4

1957—Jan..
Feb.
Mar.
Apr.,
May
June,
July.
Aug.

45.43
43.47
44.03
45.05
46.78
47.55
48.51
45.84

48.43
46.10
46.86
48.06
50.10
51.30
52.54
49.51

31.36
29.59
29.37
29.78
30.42
30.11
31.20
29.52

32.32
32.29
32.45
33.03
34.03
33.35
32.93
31.89

155.1
156.7
157.2
156.8
154.6
149.5
147.3
145.1

Month

Total

Industrial

Railroad

PrePublic ferred
utility

1959—May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec.

57.96
57.46
59.74
59.40
57.05
57.00
57.23
59.06

62.09
61.75
64.23
63.74
61.21
61.04
61.46
63.56

36.07
36.02
36.86
35.56
33.78
34.32
32.80
33.57

44.30
42.58
44.21
45.15
43.59
44.11
43.71
44.31

149.7
146.0
147.2
149.0
146.0
145.6
145.6
144.3

I960—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec.

58.03
55.78
55.02
55.73
55.22
57.26
55.84
56.51
54.81
53.73
55.47
56.80

62.27
59.60
58.71
59.46
58.84
61.06
59.25
59.96
57.96
56.90
58.89
60.22

33.68
32.54
31.01
30.59
30.18
30.81
30.19
30.19
28.76
27.77
28.93
29.03

44.50
44.38
44.60
45.53
45.75
47.35
48.02
48.65
48.64
47.34
47.83
49.78

143.8
145.3
147.1
148.6
147.3
147.7
149.0
152.0
149.2
147.5
146.3
144.8

1961—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

59.72
62.17
64.12
65.83
66.50
65.62
65.38
67.79
67.26
68.00
71.08
71.74

63.20
65.71
67.83
69.64
70.34
69.48
69.09
71.69
70.89
71.42
74.72
75.81

31.43
32.17
32.93
32.35
33.08
32.41
31.78
32.76
33.02
34.53
34.30
33.21

52.73
55.64
57.06
59.09
59.59
58.43
59.36
61.19
62.19
64.15
67.19
65.77

148.0
149.8
150.2
150.1
151.0
150.2
149.4
149.3
149.3
151.7
152.7
151.0

1962—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

69.07
70.22
70.29
68.05
62.99
55.63
56.97
58.52
58.00
56.17
60.04
62.64

72.99
74.22
74.22
71.64
66.32
58.32
59.61
61.29
60.67
58.66
62.90
65.59

33.77
34.23
33.45
32.31
30.71
28.05
28.29
28.09
27.68
27.40
30.47
32.24

62.69
63.70
64.51
63.86
58.84
53.32
55.51
56.96
56.96
55.63
57.69
60.24

152.6
155.0
156.2
157.2
157.3
155.0
152.7
154.0
155.7
155.8
157.4
158.2

1963—Jan..
Feb..
Mar.

65.06
65.92
65.67

68.00
68.91
68.71

34.06
34.59
34.60

63.35
64.07
63.35

161.3
164.1
165.0

Month

1952—Jan..
Feb.,
Mar.
Apr.,
May,
June
July.
Aug.
Sept.
Oct.,
Nov.
Dec.

24.19
23.75
23.81
23.74
23.73
24.38
25.08
25.18
24.78
24.26
25.03
26.04

24.61
24.05
24.04
23.96
23.94
24.66
25.49
25.53
25.06
24.48
25.24
26.29

20.93
20.78
21.68
22.05
22.14
23.08
23.30
23.36
22.71
22.30
22.96
24.59

22.22
22.39
22.56
22.39
22.38
22.51
22.60
23.06
23.15
22.93
23.79
24.32

164.2
165.9
168.2
172.2
173.4
173.3
171.1
169.9
170.2
168.3
169.8
170.3

1953—Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.

26.18
25.86
25.99
24.71
24.84
23.95
24.29
24.39
23.27

26.45
26.07
26.18
24.84
25.01
24.12
24.41
24.44
23.26

24.67
24.14
24.49
22.89
23.18
22.56
23.12
22.59
20.64

24.41
24.50
24.68
23.86
23.69
22.65
23.24
23.89
23.39

168.4
166.3
165.7
161.7
160.0
156.8
160.1
163.1
162.8




1957—Sept.
Oct..
Nov.
Dec,

43.98
41.24
40.35
40.33

47.52
44.43
43.41
43.29

27.17
24.78
22.63
21.39

31.09
30.39
30.68
31.79

146.2
145.9
146.5
156.0

1958—Jan..
Feb.,
Mar.
Apr.,
May,
June
July.
Aug.
Sept.
Oct.,
Nov.
Dec.

41.12
41.26
42.11
42.34
43.70
44.75
45.98
47.70
48.96
50.95
52.50
53.49

43.98
44.01
44.97
45.09
46.51
47.62
48.96
51.00
52.40
54.55
56.11
57.09

22.69
23.00
22.60
23.20
24.74
25.54
26.86
28.43
29.51
31.23
33.07
33.70

33.30
34.12
34.57
35.54
36.57
37.31
37.82
37.50
37.97
39.15
40.75
42.05

160.7
159.9
158.3
160.4
162.4
163.5
160.5
157.5
153.0
150.8
150.7
151.1

1959_jan..
Feb.
Mar.
Apr.

55.62
54.77
56.15
57.10

59.30
58.33
59.79
60.92

35.53
35.20
35.47
35.94

43.96
43.71
45.06
45.12

154.4
155.1
156.3
155.0

1963—Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec,

68.76
70.14
70.11
69.07
70.98
72.85
73.03
72.62
74.17

72.17
73.60
73.61
72.45
74.43
76.63
77.09
76.69
78.38

36.25
38.37
39.34
38.75
39.22
39.00
38.31
38.60
39.92

64.64
65.52
64.87
64.47
66.57
67.09
65.55
64.81
65.64

162.4
163.3
163.2
161.4
162.7
162.9
164.5
163.6
162.1

14.

STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION — Continued
B.

WEEKLY, 1934-63
[1941.43 = 10]

Common

Common

Total

Industrial

Railroad

PrePublic ferred
utility

1934—j an . 6
13
20
27

9.92
10.02
10.75
9.19

9.12
9.11
9.66
9.95

13.79
14.19
15.85
16.27

15.71
16.50
18.39
18.68

121.3
122.6
123.9
124.3

Feb 3
10
17
24

11.36
11.49
11.43
11.25

10.24
10.20
10.20
10.06

16.96
17.21
17.22
16.99

19.31
20.67
20.16
19.49

125.9
126.8
127.7
128.9

Mar. 3
10
17
24
31

10.85
10.80
10.87
10.57
10.59

9.74
9.70
9.71
9.47
9.50

16.20
16.24
16.55
16.04
15.97

18.60
18.35
18.74
18.27
18 19

129.2
129.4
129 A
130.1
129.9

Apr. 7
p
H;
21
28

10.87
10.97
11.01
10.89

10.87
10.97
11.01
10.89

16.43
16.71
16.70
16.43

18.10
18.03
18.24
18.07

May 5
12
19
26

10.32
9.73
9.65
9.69

10.32
9.73
9.65
9.69

15.51
14.41
14.43
14.47

June 2
9
16
23
30

9.59
9.84
10.19
10.04
9.87

9.59
9.84
10.19
10.04
9.87

July 7
14
21
28

9.79
9.93
9.65
8.81

Aug 4
11
18
25

Week ending—

Common

Total.

Industrial

Railroad

PrePublic ferred
utility

1936—Jan. 4
11
18..
25

13.43
13.65
13 73
13.74

12.75
12.88
12.92
12.94

14.50
15.09
15.39
15.43

20.30
21.04
21 38
21.37

159.1
159.1
158 7
159.5

Feb 1.
8
15
22
29

14.14
14.38
14.64
14.73
14.55

13.28
13.53
13.74
13.92
13.74

16.17
16.51
16.98
17.74
17.50

22.05
22 14
22.67
21.65
21.49

159.5
160 6
160.2
160.9
161.3

Mar 7.
14
21
28

14 98
14.57
14.90
14 97

14 18
13.85
14.19
14 26

17.52
16.62
16.58
16 60

22 10
21.29
21.72
21 89

130.9
130.9
131.4
132.3

Apr. 4
11 .
18
25

15.15
15 44
15.18
14.57

14.46
14 71
14.46
13.91

16.80
14 43
17.10
16.03

17.01
15 96
16.17
16.18

131.8
131 8
133.1
133.1

14.31
14.66
15.15
15.02
14.80

16.04
16.31
16.98
17.07
16.82

133.1
133.6
133.1
133.4
134.4

May 2
9
16
23
30

13.81
13 98
14 09
14.05
14.36

13.20
13 37
13.49
13.38
13.64

June 6
13
20
27

14.26
14.57
14.86
15.03

8.83
9.00
8.79
8.06

14.46
14.63
13.94
12.34

16.59
16.44
15.67
14.24

134.6
135.7
135.9
136.2

July 4
11..
18
25

8.82
8.87
9.08
9.33

8.11
8.20
8.43
8.63

11.98
11.65
11.85
12.55

14.22
14.15
14.14
14.55

135.7
136.2
135.7
133.6

AUK

Sent 1
8..:::.:::
15
22
29

9.24
9.02
8.65
8.73
9.08

8.54
8.35
8.03
8.12
8.39

12.47
12.15
11.50
12.47
12.25

14.50
13.98
13.34
13.33
14.29

Oct 6
13
20
27

8.89
9.02
9.06
8 95

8.21
8.36
8.42
8 ^1

11.99
12.13
12.21
12 06

13.90
13.88
13.76
13.52




. . .

Total

Industrial

Railroad

PrePublic ferred
utility

10 51
11 13
11 82
11.53
10.85

10 23
10 88
11 59
11.35
10.68

9 92
10 18
10 93
10.46
9.71

13 83
14.50
15 02
14.30
13.54

156 6
157.3
157 3
157.0
157.3

Feb 5
12
19
26

10 66
10 87
11.02
11.54

10 49
10 73
10.88
11.40

9 48
9 69
9.90
10.37

13 26
13.27
13.37
13.92

158 4
158.4
158.0
158.0

162 4
162 1
162.8
162 8

Mar 5
12
19
26

13 63
13 19
12 95
12 16

11 14
10 65
10 52
9 73

10 14
9 20
8 56
7 45

13 63
13 19
12.95
12 16

157
156
156
155

21.81
22 29
21.84
20.86

162.1
162 8
163.2
162.8

15.17
15 42
15.58
15.59
16.08

19.72
19 79
19 87
20.40
21.13

162.4
162 1
160 9
161.3
161.3

Apr 2
9
16
23
30

8.88
9 51
10 18
10.26
9.92

8.79
9 40
10 14
10 21
9.80

7 02
7 53
7 72
7 56
7.47

11.31
12 14
12 45
12.70
12.74

154 5
153 5
153 9
154.5
155.2

May 7
14
21
28

10 04
10 42
10 50
9.52

9 89
10 20
9 83
9.33

7 58
8 02
7 57
7.14

13 19
14 24
13 73
12.97

155 6
157 3
158 4
157.3

13.54
13.81
14.06
14.26

16.07
16.27
16.57
16.74

20.91
21.64
22.18
22.24

161.3
161.7
161.7
162.1

June 4
11
18
25

9.49
9.78
9 65
10.83

9 30
9.63
9 51
10.70

6 99
7.02
6 81
7 98

13 01
13.18
13 00
13 92

160 6
157.3
157 7
158 4

14.91
15.09
15.63
15.88

14.13
14.24
14.70
14.95

16.63
16.98
18.18
18.47

22.11
22.90
23.80
24.11

162.1
162.8
162.8
161.7

18.62
18.71
18.91
18.37
18.54

24.26
24.11
24.06
23.44
23.36

162.4
162.8
163.2
163.6
162.8

11.52
11.85
11 82
12.45
12 41

8.56
9.44
9 31
10.18
9 94

14.72
15.37
15 03
15.46
15 06

159.8
160.6
160 2
161.3
161 3

6.

134.6
133.6
133.1
132.1
131.8

15.05
15.02
15.12
14.80
14.89

11.64
12.01
11 95
12.57
12 48

15
22.
29

16.10
15.96
16.05
15.69
15.77

July 2
9
16
23
30.

20
27

12.47
12.31
12.14
12 47

12.43
12 28
12.12
12 47

9.78
9 70
9.40
9 76

14.80
14 51
14.27
14 48

162.4
162 4
163.6
164 3

Sept. 5
12
19
26

16.01
16.16
15.95
16.10

15.09
15.24
15.07
15.26

19.02
19.30
19.10
19.28

23.85
23.78
23.23
23.10

161.7
162.1
162.4
162.1

Sept. 3
10
17
24

12.08
12.16
11 50
11.64

12 10
12.21
11 57
11.69

9 24
9.20
8 38
8.45

13 97
13.91
13 12
13.39

165 5
166.7
165 1
165.5

130.6
130.9
131.8
131 4

Oct 3
10
17
24
31

16.18
16.77
16.97
17 11
17.03

15.33
15.91
16.12
16 27
16.18

19.28
20.22
20.82
20 59
20.36

23.32
23.81
23.74
23 99
24.04

162.1
162.1
161.3
161 3
160.9

Oct. 1
8
15
22
29

11.68
12.76
13.08
13 20
13.28

11.73
12.76
13.00
13 09
13.13

8.46
9 91
10.44
10 34
10.58

13.50
14.76
15.81
16 33
16.67

164.7
165 5
165.9
167 5
168.7

1

Week ending—

1938 Jan 1
8
15
22.
29

AUK

.

IS:::::::::

3
3
3
6

1934—Nov. 3
10
17
24

11.74
12.00
12 11
11.96

13.30
13.57
12 56
12.14

133.1
134.9
135 4
135.7

9.51
9.48
9 18
9.08
9.22

9.03
8 98
8 70
8 81
8.85

12.43
12 62
12 27
12 11
12.11

13.15
12.87
12 43
12.01
11.69

136.7
138 9
140 6
141 4
140.9

1935 Jan 5
12
19
26

9.52
9.39
9.13
9 21

9.16
8.99
8.74
8 84

12.34
12.36
11.78
11 78

12.00
12.02
11.85
11 87

141.4
142 0
142.0
144 1

Feb 2
9
16
23

9 05
8.94
9.03
9.09

8 69
8.64
8.76
8 88

11 35
11.09
11.12
11.30

11 72
11.20
10.93
10 41

Mar 2
9
16
23
30 .

8.78
8.53
8.29
8.34
8.43

8.57
8.36
8.03
8.10
8.13

10.62
10.05
9.51
9.70
9.54

Apr 6
13
20
27

8.61
8.91
9.15
9.39

8.27
8.56
8.80
8.98

May 4
11
18
25

-4

8.22
8 60
8 72
8.76

Dec 1
8
15
22
29

o

8.83
9 19
9 20
9.19

9.35
9.61
9.89
9.99

8
15
22
29

17.45
17.42
17.38
17.17

16.75
16.80
16 73
16.49

20.46
20.14
19 74
19.28

23.59
22.86
23.30
23.51

159.1
160.2
161.7
162 A

17.08
17.08
17 16
16.90

16.37
16.41
16 51
16.29

19.03
19.03
18 77
18.12

23.59
23.25
23.44
22.99

164.3
163.6
164 3
164.7

1937_j a n . 2
9
16
23
30

17.08
17.26
17.77
17.83
19 69

16.44
16.54
16.89
17.09
17 05

18.63
19.04
19.47
19.58
19 02

23.13
23.91
24.92
24.73
23.98

144 6
143.8
144.6
144.6

Feb 6
13
20
27

18.01
18.16
18.22
18.04

17.41
17.57
17.61
17.46

19.46
20.03
20.11
20.07

10.39
10.01
9.68
10.52
11.21

144.9
145.8
145.2
145.5
145.8

Mar 6
13.
20
27

18.44
18.47
17.94
17.57

17.89
17.89
17.34
16.99

9.82
10.28
10.34
10.75

11.79
12.13
12.44
13.15

147.1
148.0
149.9
151.9

Apr.. 3
10
17
24

17.71
17.16
17.19
17.09

8.97
9.25
9.55
9.69

10.54
10.56
10.97
10.91

12.83
13.21
13.26
13.11

152.2
153.9
153.5
154.5

May 1
15
22
29

9.73
9.87
10.13
10.29
10.27

9.32
9.41
9.21
9.78
9.73

10.84
10.90
11.21
11.69
11.47

13.66
14.26
14.11
15.03
15.32

153.2
152.5
153.5
154.9
154.2

July 6
13 .
20
27

10.37
10.58
10.62
10.80

9.81
10.07
10.14
10.32

11.39
11.55
11.75
11.98

15.79
15.66
15.28
15.43

Aug. 3
10
17 .
24
31

11.02
11.31
11.63
11.48
11.23

10.45
10 66
10.88
10.78
10.65

12.24
12 19
12.78
12.50
12.23

Sept 7
14
21
28 . .

11.48
11.81
11.57
11.54

10.85
11.18
10.98
10.98

Oct 5 .
12
19
26

11.37
11.60
11.90
12.34

Nov 2
9 .
16
23
30
Dec. 7
14 .
21
28

...




1936—Nov. 7
14
21
28

1938—Nov. 5
12
19
26

13.17
13.68
13.10
12.78

13.03
13.55
13.00
12.69

10.47
10.98
10.76
10.01

16.38
16.78
15.99
15.64

170.3
170.7
169.5
168.7

165.5
166.7
167.9
167.5
168.3

Dec. 3
10
17.
24
31

12.52
12.43
12.74
12.71
13.01

12.45
12.39
12.69
12.67
12.92

9.73
9.57
9.98
10.09
10.83

15.19
14.89
15.11
15.02
15.51

169.5
170.3
169.1
168.7
167.5

1939__jan. 7
14
21
28.

13.07
12.60
12.68
11.84

12.92
12.43
12.45
11.60

11.04
10.43
10.42
9.47

16.04
15.82
16.53
15.79

168.7
169.1
171.2
171.2

23.76
23.50
23.47
22.91

167.9
167.1
166.3
164.7

Feb 4
11
18
25

12.28
12.39
12.43
12.36

12.03
12.12
12.15
12.07

9.82
9.87
9.88
9.91

16.35
16.78
16.83
16.88

170.3
171.6
169.1
171.2

20.94
21.65
21.49
20 66

22.77
22.50
21.95
21.58

162.4
159.8
157.7
156.6

Mar. 4
11
18
25

12.75
12.97
12.56
11.98

12.42
12.73
12.26
12.71

10.65
10.89
10.25
9.70

17.36
17.52
16.96
16.18

161.9
169.5
161.9
170.3

17.17
16.61
16.62
16.51

20.95
20.31
20.48
20.60

21.30
20.82
20.92
20.62

158.4
155.9
155.2
154.5

16.24
16.63
16.01
16.06
16.29

15.68
16.06
15.49
15.58
15.84

19.63
20.27
19.68
19.79
19.55

19.74
20.04
18.95
18.57
18.88

153.5
153.2
152.5
152.5
154.2

Apr. 1
8
15
22
29

11.58
10.84
10.67
10.85
10.90

11.64
10.57
10.41
10.59
10.62

9.32
8.55
8.23
8.35
8.40

15.79
14.90
14.77
14.96
15.19

169.1
168.7
167.9
167.9
168.7

May 6
13
20
27

11.14
11.28
11.00
11.35

10.85
10.96
10.69
11.04

8.64
8.86
8.53
8.93

15.55
15.84
15.59
16.02

168.3
168.3
168.7
169.9

June 5
12
19
26

16.13
15.94
15.35
15.46

15.71
15.53
14.97
15.11

19.26
19.14
18.09
17.59

18.55
18.12
17.59
17.82

154.9
155.6
155.2
155.2

10
17
24

11.53
11.67
11.44
11.48

11.20
11.35
11.13
11.16

9.16
9.19
8.87
8.89

16.15
16.31
16.03
16.16

170.3
171.2
170.3
170.7

153.5
153.5
153.2
154.2

July 3
10
17
24
31

15.37
16.32
16.44
. .. 16.90
16.89

15.04
15.94
16.10
16.50
16.47

17.14
18.32
18.14
18.35
17.94

17.75
19.13
19.17
20.07
20.67

155.6
155.9
153.5
155.2
156.3

July 1
8
15
22
29

11.04
11.13
11.47
12.07
12.13

10.72
10.81
11.15
11.73
11.76

8.49
8.58
8.84
9.53
9.57

15.65
15.78
16.21
16.84
17.28

170.7
171.2
172.9
173.3
173.7

16.55
17.74
18.93
18.48
16.98

154.9
154 9
154.5
154.2
153.9

Aug 7
14
21
28

16.97
17 14
16.82
16.24

16.63
16 84
16.56
15.98

17.77
17 92
17 49
16.82

20.06
19 95
19.30
18.77

156.6
157.3
157.0
157.3

Aug. 5
12
19
26

12.04
11 71
11.57
11.08

11.66
11.30
11.16
10.71

9.41
9.04
8.87
8.40

17.48
17.29
17.14
16.25

172.9
173.3
173.3
172.4

12.61
12.96
12.65
12.42

17.63
17.55
17.38
17.22

153.2
154.2
153.5
153.2

Sept 4
11
18
25

15.70
14.78
14.53
13.71

15.43
14.15
14.29
13.44

16.04
14.55
14.35
13.90

18.38
17.20
17.30
16.48

157.0
157.0
155.9
156.3

16.85
17.38
17.67
18.64

152.5
152.2
152.2
152.9

16.40
15.79
14.71
14.40
14.99

156.6
156.0
156.3
154.2
153.5

16.04
15.88
16.14
16.30
16.57

11.74
11.68
11.93
12.23

13.84
12.94
11.64
11.39
11.57

8.43
9.85
10.80
10.85
11.73

10.87
11.09
11.40
11.80

13.48
12.78
11.79
11.26
11.80

11.04
12.47
12.88
12.66
12.68

Oct. 2
9
16.
23
30

11 34
12.62
13.05
12.88
12.97

167.9
161.7
157.0
152.5
153.2

13.73
13.03
12.02
11.51
12.04

Sept 2
9
16
23
30
Oct 7
14
21
28.

12.79
12.75
12.96
13.05

12.50
12.46
12.67
12.74

11.40
11.26
11.52
11.56

16.42
16.45
16.64
16.96

152.9
155.2
159.1
160.2

12 49
12.83
13.11
13.32
13.03

11 92
12.24
12.51
12.69
12.39

12 23
12.50
13.16
13.65
13.95

19 17
19.71
19.94
20.29
19.62

153 2
153.9
154.2
154.5
155.9

Nov 6
13
20
27

11 53
11.65
11.15
10.54

11 26
11.29
10.74
10.10

11 00
11.27
10.87
10.21

14 66
15.65
15.43
15.10

153 9
154.2
153.9
153.2

Nov 4
11
18
25

12 89
12.70
12.73
12.63

12 58
12.39
12.41
12.31

11.29
10.96
11.03
10.91

16.81
16.71
16.81
16.81

162.8
163.2
165.1
167.5

13.12
13.04
12.85
13.06

12.44
12.36
12 21
12.41

14.48
14.34
13 94
14.02

19.77
19.63
19.29
19.72

156.6
156.6
158 4
158.7

Dec. 4
11
18
25..

11.15
11.22
10.95
11.21

10.75
10.84
10.62
10.91

10.94
11.00
10.64
10 85

15.43
15.09
14.62
14.57

154.5
156.3
158.0
157.3

Dec. 2
9
16
23
30

12.35
12.36
12.33
12.40
12.41

12.03
12.68
12.02
12.10
12.11

10.53
10.48
10.37
10.28
10.31

16.59
16.59
16.44
16.49
16.58

167.9
168.3
168.7
170.3
168.7

Dec. 5
12
19
26..

...

...

...

14. STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION — Continued
B. WEEKLY, 1934-63 — Continued
[1941-43 = 10]
Common

Common

Total

Industrial

Railroad

PrePublic ferred
utility

12.69
12.40
12.13
12.15

12.34
12.04
11.78
11.79

10.68
10.32
9.96
10.04

17.24
17.06
16.82
16.86

171.6
172.0
172.4
172.4

Feb. 3
10
17
24

12.08
12.25
12.30
12 27

11.71
11.90
11.96
11 92

9.97
10.17
10.20
10 12

16.84
16.84
16.84
16 90

172.4
171.6
171.6
170 7

Mar. 2
9 .
16
23
30

12.12
12 19
12.18
12 10
12 14

11.78
11 89
11.87
11 80
11 82

10.06
10 21
10.07
9 95
10 08

16.64
16.23
16.38
16 32
16 75

169.9
170 3
169.9
168 7
169 5

Apr 6
13 .
20
27

12 41
12.41
12.13
12 15

12 08
12.09
11.81
11 84

10 43
10.33
10 05
10 13

16 85
16.74
16.44
16 33

May 4
11 .
18
25
June 1
8 .
15
22
29 .

12 11
11 99
10.33
9 29

11 79
11 68
10.04
9 00

10 05
8 28
8.34
7 44

9.26
9 22
9 66
9.97
9 91

8.95
8 93
9.39
9.63
9 49

Julv 6 .

9 90
9.95
10 02
9.96

Aug. 3
10
17
24
31...

Common
PrePublic ferred
utility

Industrial

Railroad

PrePublic ferred
utility

1944 Jan 1
8.
15
22
29

11.58
11.84
11.87
11.89
11.82

11.53
11.79
11.80
11.81
11.72

11.51
11 84
12.10
12.42
12.39

11.90
12 14
12.11
12.07
12 08

169.9
170 7
171.2
170.7
172 0

165.9
165.5
164 7
164.3

Feb 5
12.
19
26

11.74
11.68
11 80
11.85

11.62
11.56
11 65
11.67

12.44
12.54
13 01
13.21

12.10
12 04
12 21
12.36

172.0
172.4
173 3
172.9

7.75
7.41
7 42
7 27

163.6
160.2
158 0
157 3

Mar 4
11
18
25

11 88
12.06
12 27
12 17

11 71
11.93
12 13
12 02

12 99
13.02
13 38
13 44

12 40
12.46
12 58
12 56

172 9
172.9
173 7
173 7

8 25
8.36
8.03
7 95

7 13
7.13
6.95
6 80

156 6
154.9
155.6
154 5

7 70
7 91
7.98
8 06
8.20

8 03
8 15
8.05
7 99
8.01

6 82
7 16
7.15
7 20
7.29

152 5
153 5
155.6
157 7
158.4

Apr 1
8
15
22
29

12 02
12.00
12.00
11 79
11.78

11 87
11.86
11.84
11 65
11.64

13 18
13.14
13.25
12 89
12.83

12 40
12.34
12.39
12 15
12.13

173 7
173.7
174.6
173 7
173.3

May 6
13
20
27.

12 02
12.05
12 07
12.20

11 91
11.95
11 95
12.10

13 02
13.03
13 13
13.33

12 26
12.23
12 30
12.37

173.3
172.9
172 9
173.3

8 29
8.38
8.43
8 24

8 42
8.50
8.58
8 39

7 90
7 88
7.84
7 79

7 47
7 68
7.55
7 32

158 7
159.5
159.1
159 5

June 3
10
17
24

12 31
12.28
12.71
12 93

12 19
12 19
12.63
12 86

13 39
13.07
13.40
13 75

12 47
12.40
12.74
12 94

173 7
174.6
175.9
175.9

8 32
8.69
8 77
8.69

8 47
8.87
8 96
8.87

8 07
8 42
8 46
8.53

7 30
7.43
7.46
7.39

160 2
161.3
162 1
163.2

July 1

8.56
8.50
8 54
8.70
8 62

8.72
8.66
8 71
8.87
8 79

8.56
8.57
8 57
8.93
8 85

7.30
7.24
7 19
7.25
7 26

163.2
164.3
163 6
164 0
164 0

15
22
29

12 98
13.16
13 25
12.93
12.74

12 89
13 06
13 16
12.83
12.63

13 80
13.97
14 21
13.96
13.79

13 10
13.36
13 26
12.92
12.88

176.8
177.3
178.1
178.1
176.8

Aug. 5.
12
19
26

12.71
12 74
12.92
12 88

12.57
12 59
12.78
12 74

13.71
13.65
13.76
13.61

13.14
13.30
13.45
13 49

177.3
176.4
176.4
177.3

Seot 5
12:.:::::::
19
26

8 62
8.60
8 61
8.79

8 79
8.77
8 76
8.94

8 78
8.83
8 84
9.05

7 24
7.20
7 30
7.47

163 6
164.3
163 2
163 6

8 94
9.25
9 38
9.44
9.38

9 09
9.39
9 50
9.57
9.46

9 34
9.67
9 73
9.70
9.84

7 55
7 89
8 25
8.31
8.41

165 1
165.5
165 9
165.5
165.1

12 84
12.50
12 46
12.63
12.74

12 70
12.37
12 33
12 51
12.61

13.52
13.11
12 98
13.15
13.42

13.49
13.12
13.05
13.20
13.24

177.3
177.3
177.7
177.3
177.3

Oct 3
10.
17
24
31

Sept 2
9.
16
23.
30
Oct 7
14
21
28

12.90
12 97
13.02
12.79

12 78
12 84
12.87
12.63

13.67
13 77
13.88
13.75

13.34
13.48
13.64
13.44

177.3
177.3
177.7
177.3

Industrial

Railroad

8.73
8.94
8.97
8.87
8 91

8.82
8.97
8.99
8.90
8.93

8.37
8.94
9.21
9.31
9.42

8.24
8.67
8.64
8.43
8.43

166.7
165.9
166.3
166.7
166.3

Feb. 7
14
21..
28

8.90
8.65
8 52
8.54

8.92
8.67
8 53
8.56

9.43
9.06
9 02
9.10

8.41
8.21
8 08
8.01

Mar. 7
14
21
28

8.39
8.06
8 18
8 13

8 44
8.11
8 24
8 22

8 88
8.61
8 59
8 38

169 9
170.7
171 2
170 3

ADr 4 . .

8 07
8.07
7.81
7 68

8 18
8.17
7.91
7 78

16 38
16 16
14.16
13 07

171 2
171 6
167.9
162 4

7.60
7 61
7 88
8.31
8 41

13.18
12 92
13 18
14.11
14 71

159 5
159 1
159 5
160.6
160 2

May 2
9
16
23.
30

7 62
7 85
7.90
7 96
8.09

9 45
9 50
9 58
9.52

8 52
8 57
8 64
8.60

14 89
14.91
14 92
14.75

162 4
164 7
167 1
168.3

10.25
10.24
10 01
10.15
10 37

9.82
9.82
9 60
9.74
9 97

8.83
8.77
8 59
8 78
8 67

15.03
14.92
14 57
14.60
14 73

167.9
167 1
167 5
166 7
166 7

AUK

Sept. 7
14
21...
28

10 75
10.41
10 58
10.77

10 38
10.02
10 21
10.42

9 60
9.20
9 41
9.52

15 07
14.61
14 59
14.57

167 9
168 3
168 7
169 5

Oct 5 .
12

10 79
10.56
10 67
10.74

10 45
10.22
10 32
10.41

9
9
9
9

14 46
14.23
14 38
14.42

170 7
171 6
171 2
170.3

l?:::::::::

20. .
27

19

26


69
50
57
61

Week ending—
Total

Total

1940 Jan 6 .
13
20
27 .

S

Week ending—

1942—Jan 3
10
17
24
31

ii.::::::::
18

25

June 6.
13
20
27.
July 4

..
...

n.::::::::
18

25

1

s:::::::::

15.
22
29

. .

1942—Nov. 7.
14.
21.
28.

9.52
9.61
9.43
9.34

9.60
9.69
9.53
9.45

10.07
9.85
9.63
9.36

8.60
8.84
7.13
8.46

164.3
165.1
165.9
166.3

1944—Nov. 4,
11.
18,
25,

12.85
12.96
12.72
12.77

12.69
12.82
12.58
12.62

13.84
14.01
13.83
14.01

13.47
13.40
13.12
13.13

177.7
177.7
178.6
179.0

Dec. 5.
12.
19.
26.

9.32
9.36
9.58
9.71

9.45
9.53
9.74
9.88

9.27
9.05
9.21
9.33

8.33
8.23
8.50
8.55

167.1
167.1
167.1
166.7

9.73
9.91
10.01
10.12
10.38

9.91
10.05
10.13
10.24
10.50

9.36
9.69
9.82
9.99
10.07

166.7
167.1
167.5
168.3
169.1

12.81
13.01
13.19
13.16
13.13

12.66
12.85
13.00
12.94
12.90

1943—Jan. 2.
9.
16.
23.
30.

8.59
8.99
9.14
9.24
9.56

Dec. 2,
9,
16,
23,
30,

14.20
14.79
15.29
15.64
15.67

13.15
13.11
13.36
13.35
13.43

179.5
180.0
180.9
180.9
181.9

1945—Jan. 6,
13,
20
27,

13.44
13.64
13.51
13.35

13.19
13.36
13.26
13.10

16.16
16.80
16.10
15.65

13.69
13.90
13.98
13.94

182.3
182.8
183.7
183.7

175.9
174.2
173.7
172.0

Feb.

6.
13.
20.
27.

10.49
10.62
10.75
10.94

10.61
10.76
10.88
11.01

10.16
10.12
10.24
10.96

9.68
9.82
10.19
10.28

169.9
170.3
171.2
171.6

Feb.

3
10
17
24

13.54
13.72
14.01
14.17

13.27
13.43
13.70
13.86

15.72
16.12
16.73
16.96

14.31
14.61
14.84
14.95

184.2
185.7
185.2
185.2

12.25
12.21
12.27
12.21
12.05

171.6
171.6
170.7
171.6
172.0

Mar. 6.
13.
20.
27.

10.98
11.00
10.94
11.12

11.00
11.05
11.00
11.18

11.35
11.42
11.36
11.52

10.32
10.34
10.25
10.34

172.0
171.6
171.2
171.6

185.7
186.7
187.2
187.7
189.2

Apr. 3.
10.
17.
24.

171.2
170.7
171.6
171.6

15.04
14.92
14.82
14.61
14.41

172.0
171.6
171.2
170.3

10.94
10.94
10.78
11.08

16.74
16.66
16.69
16.47
15.96

12.21
12.49
12.07
12.37

13.93
13.87
13.74
13.45
13.25

12.03
11.77
11.35
11.13

11.62
11.52
11.27
11.39

14.23
14.15
14.04
13.76
13.54

9.82
9.49
9.32
9.39

11.57
11.50
11.28
11.43

Mar. 3
10,
17
24
31

172.0
172.0
172.0
172.0
172.4

189.7
190.2
190.8
192.9

168.7
168.7
169.1
169.1
168.7

11.09
11.32
11.36
11.36
11.38

14.58
14.68
14.79
14.81

10.98
10.78
10.75
10.66
10.58

12.52
12.96
12.75
12.82
13.01

16.31
16.69
17.44
18.06

9.46
9.68
9.44
9.26
9.22

11.53
11.86
11.80
11.85
11.99

13.47
13.68
14.17
14.29

9.16
9.30
9.29
9.34
9.23

11.55
11.89
11.86
11.86
11.99

13.77
14.00
14.53
14.69

Mar. 1.
8.
15.
22.
29.

Apr. 7
14
21
28
May 5
12
19
26

14.86
14.78
14.76
14.78

14.49
14.42
14.38
14.39

17.97
17.64
17.76
17.95

15.95
15.97
16.00
16.08

192.3
192.3
190.8
190.2

9.48
9.81
9.84
9.91

9.34
9.70
9.74
9.83

9.29
9.43
9.35
9.45

10.72
10.87
10.89
10.82

169.1
167.5
168.7
170.3

June 5.
12.
19.
26.

12.21
12.11
11.94
12.02

12.25
12.15
11.98
12.11

12.98
12.60
12.25
12.34

11.48
11.51
11.42
11.50

173.3
173.3
173.3
174.2

16.29
16.50
16.73
17.04
17.29

26

171.6
172.4
172.9
174.2

July 3.
10.
17.
24.
31.

n.a.
12.80
13.21
13.17
12.41

190.2
190.8
190.8
190.8
191.3

10.67
10.96
11.10
11.26

175.0
175.0
175.9
176.4

18.73
18.71
18.85
19.62
19.58

9.44
9.76
9.82
9.99

12.35
12.36
12.51
12.42
11.86

14.63
14.53
14.53
14.67
14.59

9.81
10.19
10.21
10.32

11.85
12.25
12.56
12.68
12.26

15.05
14.98
15.16
15.20
15.16

9.88
10.26
10.28
10.40

12.34
12.38
12.56
12.50
11.95

June 2
9
16
23
30
July 7
14
21
28

14.96
15.07
14.69
14.51

14.39
14.49
14.14
13.98

19.01
19.19
18.29
17.82

17.33
17.47
17.08
16.91

190.8
189.7
189.2
188.7

Aug. 2
9
16
23
30

10.40
10.30
10.10
10.16
10.26

10.31
10.22
10.03
10.08
10.20

10.11
10.00
9.81
9.88
9.91

11.20
11.03
10.81
10.84
10.88

174.2
174.6
174.2
173.9
174.6

Aug. 7,
14,
21,
28,

11.66
11.75
11.84
11.68

11.59
11.68
11.76
11.62

11.93
12.02
12.14
11.94

11.98
12.07
12.15
11.92

Aug.4
18
25

14.65
14.67
14.64
14.66

14.12
14.17
14.20
14.28

18.03
17.81
17.04
16.80

17.01
16.91
16.83
16.52

188.2
188.7
188.7
187.7

Sept

20
27

10.26
10.21
10.32
10.20

10.20
10.17
10.31
10.19

9.82
9.62
9.61
9.61

10.86
10.76
10.79
10.65

173.9
173.6
173.1
173.1

Sept. 4,
11,
18
25,

11.80
11.88
12.00
12.16

11.72
11.79
11.92
12.08

12.09
11.98
12.24
12.43

12.17
12.38
12.36
12.46

176.4
175.9
175.9

10.14
9.91
9.65
9.76

9.53
9.45
9.23
9.33

10.52
10.37
10.15
10.05

172.4
172.4
172.4
172.0

12.33
12.20
12.24
12.31
12.36

175.0
174.2
175.5
175.0
175.5

187.2
187.7
187.2
186.2
185.7

10.15
9.94
9.68
9.77

12.42
12.25
12.17
12.31
12.42

17.67
17.82
18.18
18.48
18.96

Oct. 2
9,
16
23
30

14.97
15.27
15.46
15.47
15.51

16.96
17.39
17.41
17.54
17.60

11.96
11.74
11.67
11.79
11.82

15.35
15.65
15.83
15.87
15.97

Oct. 4
11
18
25

12.04
11.83
11.77
11.89
11.93

Sept. 1
8
15
22
29
Oct. 6
13
20
27

16.35
16.56
16.63
16.50

15.90
16.10
16.16
16.03

19.11
19.40
19.46
19.32

18.35
18.54
18.76
18.73

186.2
187.7
187.2
189.2

Nov. 1
8
15
22
29

9.60
9.59
9.31
9.33
9.24

9.60
9.62
9.37
9.37
9.29

9.28
9.33
8.95
9.09
8.97

9.72
9.43
9.01
9.07
8.97

171.2
170.7
171.2
170.3
169.9

Nov. 6
13
20
27

11.71
11.30
11.23
11.23

11.63
11.23
11.14
11.16

11.89
11.32
11.42
11.31

12.15
11.71
11.70
11.60

175.0
173.3
171.6
170.3

Nov. 3
10
17
24

16.66
17.07
17.10
17.01

16.12
16.48
16.45
16.36

19.62
20.31
20.54
20.73

19.30
20.00
20.38
20.17

189.7
190.2
191.8
193.4

Dec. 6
13
20
27

9.30
8.77
8.59
8.41

9.35
8.88
8.70
8.51

8.88
7.98
7.94
7.80

9.01
8.28
7.98
7.90

170.7
169.1
168.7
168.3

Dec. 4
11
18
25

11.14
11.43
11.51
11.61

11.07
11.38
11.45
11.56

11.09
11.43
11.48
11.55

11.53
11.77
11.82
11.91

169.1
169.5
168.7
168.3

Dec. 1
8
15
22
29

17.11
17.49
17.44
17.05
17.34

16.46
16.88
16.84
16.47
16.74

20.90
21.16
21.01
20.71
20.96

20.26
20.41
20.20
19.57
19.97

193.4
193.9
194.4
196.1
196.7

1940—Nov. 2
9
16
23
30

10.97
11.19
11.23
10.89
10.64

10.63
10.91
10.99
10.65
10.43

9.73
9.93
10.15
9.88
9.57

14.79
14.48
13.95
13.62
13.14

170.3
168.3
170.7
173.7
173.7

Dec. 7
14
21
28

10.57
10.65
10.47
10.42

10.38
10.47
10.27
10.22

9.35
9.39
9.16
9.17

12.99
13.01
12.96
12.89

174.2
175.4
177.7
175.4

1941—Jan. 4
11
18
25

10.61
10.80
10.64
10.44

10.40
10.57
10.37
10.16

9.49
9.78
9.83
9.85

13.12
13.38
13.40
13.22

178.1
178.3
179.5
177.7

1
8
15
22

10.22
10.11
9.82
9.66

9.93
9.84
9.57
9.42

9.58
9.45
9.62
9.07

12.99
12.78
12.40
12.06

Mar. 1
8
15
22
29

9.90
9.85
10.02
9.90
9.95

9.67
9.62
9.81
9.78
9.73

9.31
9.29
9.39
9.37
9.53

10.06
9.78
9.52
9.40

9.85
9.56
9.32
9.19

9.36
9.47
9.46
9.47
9.37

Feb.

19
26
May 3
10
17
24
31
June 7
14

21
28

July

,i:::::::::
19

£::::::::




T

14.

STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION — Continued
B. WEEKLY, 1934-63 — Continued
[1941-43= 10]

Common
Week en dine?

Total

Industrial

Railroad

17.28
17.87
18.30
18.00

16.71
17.25
17.62
17.25

20 74
21 54
22.30
21.96

19 93
20 79
21.57
21.86

196 7
197 2
197.3
198.9

18.63
. . . 18.57
18.28
17.79

17.89
17 86
17.58
17.11

22.53
22 44
21 97
21.14

22.40
22 07
21 82
21.31

199.4
199 4
200 0
201.2

17.08
17.32
17.29
17.63
18.02

16.42
16.64
16.62
16.93
17.34

20.27
20.40
20 25
20 58
20.93

20.64
21.12
21 09
21 68
21.97

201.2
201.8
201 8
203 5
205.3

Apr. 7
14 .
21
28

18.36
18.75
18.83
18.71

17.69
18.12
18.19
18.06

20 92
20.85
20 99
20.67

22 37
22.56
22 66
22.73

May 4
li.::......
18
25

18.61
18.55
18.63
18.74

17.97
17.92
18.00
18.05

20.57
20.43
20.54
21 08

June 1
8
15
22
29

. . . 19.14
18.89
18.76
18.41
18.27

18.43
18.19
18.02
17.66
17.53

July 6
13
20
27

18.50
18.39
18.00
17 57

Aue 3

17.88

Mar. 2
9
16
23
30

Railroad

PrePublic ferred
utility

16.90
16.88
16.86
16.83

16 60
16 57
16.54
16.49

14 27
14.32
14.33
14.30

20 06
20.13
20.17
20.33

181 9
182 8
183.3
183.3

17.17
17.25
17.10
17.22

16.86
16 96
16.79
16.92

14.37
14 25
14.32
14.41

20.56
20 55
20.44
20.59

182.3
182 3
182 8
182.3

17.27
17.17
17.38
17.53

16.95
16.82
17 03
17.21

14.50
14.41
14 48
14.41

20.69
20.79
21.07
21.13

184.2
183.7

17.39
17.66
17.89
17.97
17.89

17.10
17.38
17.63
17.73
17.66

14.29
14.59
14.60
14.61
14.38

20.82
20.93
21.10
21.04
20.95

183.7
183.3
183.3

May 6
13
20
27

18.21
18.25
18.53
18.67

18.01
18.06
18.36
18.52

14.65
14.51
14.62
14.62

21.05
21.14
21.33
21.37

182.8
182.8
183.3
183.3

June* 3
10
17
24

18.77
18.96
19.11
19.01

18.66
18.91
19.06
18.96

14.42
14.29
14.59
14.45

21.31
21.22
21.22
21.18

183.4
183.0
182.3
181.9

July 1
8
15
22
29

17.85
17.76
17.07
17.26
17.43

17.80
17.72
16.99
17.16
17.34

13.60
13.66
14.01
14.92
15 91

19.97
19.66
18.80
18.75
18 59

180.7
178.1
178.1
178.5
179 4

17.99
18.45
18 43
18.71

17.98
18.49
18 47
18.77

15.95
16.07
16 13
16.15

18.70
18.95
18 97
19.11

180.3
181.4
182 3
183.0

Sept. 2
9
16
23
30

18.49
18.64
19.01
19.34
19.37

18.56
18.73
19.11
19.44
19.47

15.98
16.10
16.84
17.02
16.85

18.94
18.92
18.99
19.34
19.47

182.5
182.7
182.3
181.7
180.3

Oct. 7
14
21
28

19.92
19.84
19.93
19.88

20.11
20.04
20.13
20.08

17.17
17.05
17.28
16.93

19.56
19.41
19.43
19.47

180.9
180 1
180.8
180.3

Railroad

3
10
17 . .
24
31

15 23
15 23
14 95
14.51
14.53

15 10
15 02
14.74
14.28
14.29

14 41
14 66
14.25
13.84
14.16

16 26
16 86
16 63
16.40
16.28

167 9
169 5
170.3
169.5
168.7

Feb 7
14
21 . . .
28

14 39
13 95
14.01
14.00

14 16
13 72
13.80
13.78

13 91
13 50
13.54
13.52

16 18
15 75
15.68
15.61

168 3
166 7
167.1
167.9

Mar 6
13
20
27

14.13
14 01
14 15
14.71

13.91
13 75
13.89
14.49

13.72
13 68
13.75
14.30

15.73
15 88
16 02
16.30

168.3
169 9
169 9
171.6

205.3
204.7
204 7
204.7

Apr 3
10
17
24 . .

15 01
15.26
15 35
15.62

14.80
14.98
15 15
15.41

14.64
14.96
15.10
15.75

16.46
16.57
16 58
16.73

170.7
170.7
170 7
169.5

Apr 1
8
15
22
29

22.67
22 50
22.57
22 87

202.9
201.8
201.2
201 8

21.75
21.45
21.90
21.80
21.37

23.39
23 08
22.99
22.63
22 48

201.8
201.8
202.4
202.9
202.4

May 1
8
15
22
29

15.52
15.63
16.08
16 48
16.62

15.29
15.41
15.83
16.23
16.42

15.72
15.81
16.43
16.91
16.77

16.80
16.92
17.49
17 74
17.69

168.7
171.2
170.7
171.2
171.2

June 5
12
19
26

16.70
16.82
17.00
16.84

16.54
16.66
16.84
16.64

16.46
16.60
16.68
16.87

17.69
17.77
17.89
17.93

172.9
173.7
174.2
174.2

17.82
17.75
17.37
16 96

21.28
21.11
20 59
19 82

22.41
22.04
21 64
21 14

202.9
204.7
203.5
204 1

17.27
17.39
17 48
17.12
16.36

19.87
19 90
20 03
19.76
18 59

21.65
21 77
21 62
21.33
20 34

205.3
204 7
203 5
202.9
202.4

July 3
10
17
24
31

16.72
16.84
16.64
16 05
16 10

16.50
16.64
16.42
15 84
15.89

16.76
17.04
16.98
16 08
16.13

17.92
17.91
17.76
17 24
17 23

172.0
172.0
171.6
169 9
169.5

16.02
15 76
15.95
16.02

15 82
15 56
15.76
15.83

16.06
15 69
15.74
16.13

17 14
16 94
17.05
17.05

168.7
166 3
166.3
166.3

15.71
15 00
14.90
14.92

. .

17
24 .
31
Sept. 7
14
21
28




Industrial

Industrial

15.23
14.53
14.45
14.51

16 90
16 08
15 55
15.07

18 84
18 09
18 05
18.01

201.2
197 2
194.4
191.8

Sept. 4
11
18
25

16.12
16 02
15.77
15.55

15.91
15 80
15.54
15.31

16.51
16.25
15.98
15.64

17.14
17.15
17.06
16.94

167.1
167 5
166.7
166.3

14 90
14 46
15 03
14.80

14.51
14 10
14.62
14.38

14 82
14 30
15 03
14.88

18 02
17 39
18 22
18.06

192 9
191 8
192 3
191.3

Oct 2
9
16
23
30

15.50
15 87
16.08
16.41
16.54

15.28
15 68
15.91
16.25
16.39

15.55
15.90
15.89
16.24
16.25

16.80
16 97
17.07
17.27
17.40

165.1
163 6
163.6
163.6
164.3

io:: •":*': 17.99

Oct 5 .
12
19..
26

Total

Total

PrePublic ferred
utility

18 07
17.72
16.91

1946 Jan. 5
12
19
26
Feb. 2
9 .
16
23

Common

Common
PrePublic ferred
utility

.

Week ending—

1948 Jan

Aug 7.
14
21
28

.

Week ending—

1950 Jan

7
14
21
28

. . .

Feb. 4
11
18
25
Mar. 4
11
18
25

. . .

•
'.

Aue 5

li:
19.
26

::::::::

T
1

1946—Nov. 2
9
16
23
30

14.68
14.93
14.82
14.38
14.53

14.21
14.42
14.34
13.90
14.03

15.14
15.56
15.40
14.80
15.11

18.12
18.65
18.32
17.93
18.23

189.7
190.2
190.2
189.2
187.7

Dec. 7
14
21
28

14.63
15.26
15.35
15.28

14.12
14.70
14.78
14.73

15.26
16.27
16.11
15.77

18.46
19.20
19.55
19.43

185.7
186.2
186.7
186.7

1947—Jan. 4
11
18
25

15.25
15.31
14.92
15.10

14.70
14.78
14.40
14.57

15.59
15.42
14.98
15.22

19.36
19.36
18.91
19.20

Feb. 1
8
15
22

15.58
15.96
15.97
15.79

15.07
15 46
15.49
15.30

15.69
16.19
16.19
15.93

Mar. 1
8
15
22
29

15.47
15.39
14.89
15.08
15.23

14.98
14.94
14.45
14.66
14 84

Apr. 5
12
19
26

15.19
14.80
14.21
14.48

May 3
10
17
24
31

1948—Nov. 6
13
20
27

15.94
15.13
15.28
15.03

15 80
14.99
15.15
14.90

15 42
14.31
14 46
14.17

16 86
16.20
16.23
16.06

163 6
164.7
168.3
168.3

1950 N o v 4
11
18
25

19 68
19 66
19 87
20.11

19 88
19 88
20 08
20.36

16 48
16 47
17 17
17.49

19 39
19 25
19 34
19.28

180 1
179 9
181 0
181.6

Dec. 4
11
18
25

14.99
15.23
15.22
15.18

14.88
15.16
15.15
15.10

14.09
14.23
14.13
13.94

15.87
15.87
15.89
15.95

167.9
168.3
168.7
169.1

Dec. 2
9
16
23
30

19.64
19.34
19.58
19.97
20.29

19.85
19 53
19.75
20 12
20.43

17.01
17 37
18.24
19 18
19 24

15.21
15 31
15.40
15 45
15.29

15.12
15 21
15.29
15 32
15.13

13.95
14 11
14.11
14 27
14.04

16.06
16 31
16.48
16 59
16.76

169.5
169 1 1951
170.7
172 0
173.7

181.2
180 5
179 9
179 5
179 8

185.7
187.2
187.2
187.2

1949_Jan. 1
8.. . .
15
22
29

19.03
18 60
18 63
18 92
19 37

Jan 6
13
20
27

20 82
. .. 21 06
21 41
21.24

20 97
21 22
21 59
21.41

19 83
20 03
20 74
20.42

19 82
20 03
20 11
20.01

179 8
180 4
181 2
181.5

19.40
19.62
19.51
19.48

187.7
189 2
189.2
189.2

Feb. 5
12
19
26

15.20
14 68
14 73
14.52

15.02
14 48
14.53
14.31

13.77
13 12
13 14
12.67

16.87
16 61
16 67
16.69

174.6
173 3
172 9
172.0

Feb 3
10
17
24

..

21.81
22 13
22 12
21.87

22.02
22 37
22 35
22.08

21.39
21 83
21 53
20.91

20.14
20 17
20 31
20.47

181.7
181 4
181 0
180.5

15.30
15.01
14.37
14.44
14.44

19.31
19.34
18.56
18.60
18.64

188.2
188.7
188.7
187.7
187 2

Mar. 5
12
19
26

14.69
14 93
14 96
14.89

14.50
14 74
14.78
14.69

12.85
13 04
12 93
12.85

16.73
16 95
17.02
17.05

172.0
172 4
171 6
172.4

Mar 3
10
17
24 .
31

21 87
21 88
21 49
... 21 58
21 42

22 06
22 07
21 70
21 81
21 67

20 72
20 49
19 86
19 82
19 37

20 70
20 77
20 45
20 45
20 21

180.7
178 6
174.9
173.6
172 6

14.80
14.42
13.84
14 11

14.29
13.78
13.10
13.34

18.64
18.22
17.61
17.85

187.2
187.2
186.2
186 2

Apr. 2
9
16
23
30

15.06
14 96
15.02
14.87
14 72

14.86
14 73
14.78
14.62
14 49

13.11
13 10
13.05
12.80
12 72

17.19
17 30
17.49
17.40
17 17

172.4
172 9
172.0
172.4
171 6

Apr 7
14
21
28

21 51
21.85
22 07
22 16

21 77
22.16
22 40
22 54

19 62
19.89
20 11
20 02

20 16
20.21
20 20
20 10

171 5
170.8
170.1
169 2

14.61
14.69
14.11
14.05
14.26

14.26
14.36
13.79
13.76
13.98

13.31
13.13
12.40
12.31
12.60

17.92
17.93
17.35
17.09
17.21

185.7
186.7
186.7
185.7
185.7

May 7
14.
21
28

14.92
14 87
14 84
14.54

14.69
14 61
14 56
14.25

12.70
12 74
12 83
12.59

17.42
17 59
17.68
17.43

171.6
172 4
173.7
175.0

May 5
12
19
26

..

22.64
22 49
21 77
21.19

23.08
22 90
22 11
21 48

20.40
20 36
19 53
18 76

20.19
20 19
20 05
19 91

169.7
170 0
168.4
168.5

14
21
28

14.42
14.74
15.05
15.10

14 15
14.49
14.79
14.81

12.64
12.80
13.21
13.45

17.22
17.46
17.79
17.94

186 2
185.7
186.2
186.7

June 4
11
18
25

14.13
13 87
13.44
14.09

13.82
13 56
13.47
13.83

12.05
11 73
11.44
11.81

17.20
16 99
16.82
16.89

175.0
176 8
176.4
175.9

June 2
9
16
23
30

..

21.39
21 42
21.71
21 86
21.20

21 68
21 72
22.06
22 23
21 53

19 03
19 09
19.23
19 07
17.97

20 04
20 03
20.01
20 16
20.01

167.9
169 0
168.7
167.6
166.3

July 5
12
19
26

15.43
15.67
15.88
15.96

15.16
15.38
15.59
15 67

13.74
14.29
14.75
15 01

18.18
18.43
18.45
18 43

187.2
188.2
188.7
189 2

July 2
9
16.
23
30

14.13
14.47
14 69
14 90
15 03

13 87
14.25
14 48
14.69
14 81

11 72
11.74
11 92
12 12
12 25

16 96
17.22
17 32
17.53
17 73

176.4
175.9
176 4
176.4
177 7

July 7
14
21
28

..

21.40
21 76
21 85
22 37

21 75
22 14
22 22
22 77

18
18
18
19

16
37
54
32

20.10
20 30
20 39
20 58

165.7
166 9
166.9
167 2

Aug. 2
9
16
23
30

15.72
15.60
15.47
15.45
15.25

15.43
15 31
15.14
15.14
14.92

14.55
14 22
14.06
14.09
14.83

18.32
18 30
18.29
18.34
18.18

188.7
188 2
188.7
189.2
188.7

Aug. 6
13
20.. . .
27

15.18
15 41
15.38
15 24

14.96
15 15
15.31
14.99

12.28
12 82
12.73
12 46

18.01
18 30
18.30
18.27

178.1
178 6
179.5
180.4

A U K8.

4
11
18
25

22.64
22 92
22.82
22 86

23 06
23 37
23.26
23 33

19 57
19 82
19.50
19 35

20 70
20 79
20.83
20 79

167.6
169 0
169.5
170.7

Sept. 6
13
20
27

15.24
14.96
15.14
14.97

14.93
14 65
14.84
14.66

13.83
13 58
13.70
13.52

18.16
17 89
17.95
17.89

188.7
188 7
188.2
187.7

Sept. 3
10
17
24.. . .

15.23
15 37
15 65
15 44

14.97
15.11
15 38
15 13

12.33
12.45
12 70
12 64

18.33
18.43
18 83
18 87

180.9
182.3
183 3
181 4

Sept 1
8
15
22
29

23.07
23.43
23 62
23 55
23 32

23.56
23 94
24 15
24 04
23 77

19.55
20 04
20 35
20 53
20 72

20.85
20 98
21 03
21 10
21 01

170.1
170.4
168 9
167 7
167.0

Oct. 4
11
18
25

15.15
15.26
15.60
15.66

14.85
14.98
15 33
15.42

13.76
13.77
14.07
14.18

17.96
18.00
18.15
18.02

184.7
183.3
181 4
180.0

Oct 1..
8
15
22
29

15.53
15.78
15.91
15 85
16.04

15.22
15.49
15.63
15 58
15.80

12.77
12.93
13.09
12 92
12.90

18.96
19.07
19.14
19 03
19.06

181.4
181.4
180.4
180 0
179.5

Oct. 6
13
20
27

..

23.70
23.70
23 57
. . 22.81

24.16
24 15
24 04
23.20

21.13
21 19
20 74
19.85

21.20
21.29
21 18
20.90

167.2
167.5
167 1
166.9

Nov. 1
8
15
22
29.. .

15.47
15.36
15.24
15.32
15.11

15 26
15.20
15.11
15.20
15.03

13.68
13.34
13.17
13.45
13.29

17.68
17.28
17.01
16.79
16.22

176 8
175.5
173.3
174.2
175.0

N o v 5.. .
12
19
26

16 22
16.15
15.98
16.13

15 99
15.91
15.73
15.88

12 93
12.91
12.79
12.80

19 23
19.24
19.21
19.30

180 0
179.5
180.0
180.0

Nov 3
10
17
24

22 84
. . 22.68
22.83
22.55

23 26
23.06
23 20
22.90

19 51
19.27
19 47
19.22

20 91
21.08
21.21
21.06

166 4
165.9
165.4
165.0

Dec. 6
13
20
27

14.87
14.87
15 13
15.19

14.80
14.79
15 02
15.07

13.02
13.18
13 93
14.30

15.97
16.05
16 18
16.12

173.7
174.6
173 3
171.2

Dec 3
10.. . .
17
24
31
..

16 16
16.42
16.64
16 58
16.69

15 91
16.02
16.39
16 31
16.42

12 94
13.24
13 40
13 39
13.77

19 30
19.47
19.80
19 83
19.88

179 5
180.0
180.0
180 9
181.4

Dec 1
8
15
22
29

22 70
23.23
23.37
23 51
23.60

23 08
23.64
23 76
23 94
24.05

19 37
20.14
20 33
20 17
20.07

21 06
21.28
21.51
21 59
21.59

165 3
165.7
163.8
163 2
161.9




..

14. STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION — Continued
B. WEEKLY, 1934-63 — Continued
[1941-43 = 10]
Common

Common

Common

Total

Industrial

Railroad

PrePublic ferred
utility

24.71
25.04
25.08
25.70
26.03

24.75
25.11
25.13
25.81
26.17

20.37
20.74
20,81
21.45
21.75

25.08
25.25
25.35
25.67
25.77

166.7
167.0
168.0
169.4
170.5

Feb 6
13
20.
27

26.08
26.14
25.92
25 93

26.21
26.25
25.99
26 02

21.98
22.23
22.24
22 03

25.89
25.98
25.86
25.87

171.8
172.2
171.4
171.6

Mar 6.
13
20
27

26.36
26.58
26.66
26.57

26.50
26.73
26.80
26.69

22.23
22.20
22.09
21.79

26.07
26.34
26.48
26.56

171 2
171.7
172 9
172.4

Apr 3
10.. .
17
24

26 93
27.27
27.75
27.72

27 14
27.55
28.10
28.09

21 74
21.67
21.97
21.66

22 20
22 38
22.40
22 45
22.50

172.9
173 2
173.4
173.6
173.5

May 1
8
15
22
29

27 97
28 39
28.64
28 84
29.07

28.39
28 84
29.11
29.33
29.55

22 80
23.17
23 09
23 20

22 54
22.58
22 49
22 43

173 4
173.4
173.8
172 4

June 5
12..
19
26

29 15
28.48
28.90
29 15

25 45
25 30
25 46
25 50

23 48
23 24
23 15
23 22

22
22
22
22

50
50
58
60

171 3
170 9
171 5
170 9

July 3
10..
17
24.
31

25 34
25 48
25 32
24 95
24 93

25 75
25 87
25 68
25 27
25 23

23 54
23 69
23 52
23 04
23.13

22 80
23 08
23 08
23 01
23.10

171 0
170 5
169 9
170 0
169.2

29 34
29 99
30.10
30 09
30 60

Aug. 7
14
21
28

30 79
30 50
31 13
30.75

31.31
30 98
31 70
31.30

24.98
24 78
25 17
24.53

28.87
28 78
28.96
28.82

174.2
174 3
175.2
175.2

Sept 6
13
20
27

25 21
24 82
24 53
24 72

25 54
25 12
24 79
24 97

23 26
22 52
22 30
22 86

23 26
23 12
23 06
23 19

170
170
170
169

Sept 4
11
18
25

30 20
30.73
31 37
31.99

30 71
31 33
32 07
32 82

23
24
24
24

85
16
60
67

28 50
28.62
28 81
28.87

174 8
174.2
175 8
176.9

Sept. 1
8
15
22
29

Oct 4
11
18
25

24 54
24 51
24 16
23 98

24 78
24 76
24 39
24 19

22 62
22 51
22 28
22 11-

23.15
23 08
22.79
22 71

169 2
169 4
168 0
166 9

Oct. 2
9.
16
23..
30

32.46
32.64
32.11
32.03
31.90

33.44
33 66
33.07
33 03
32.94

24.43
24 62
24.61
25 09
24.76

28.78
28.74
28.37
27.91
27.57

177.2
177.4
177.8
178.2
178.9

Oct. 6
13
20
27

Week en dine
Total

Industrial

Railroad

PrePublic ferred
utility

1952—Jan. 5
12
19.
26

23.86
23.90
24.18
24.56

24.31
24.29
24.58
25.02

20.37
20.48
20.99
21.43

21.85
22.18
22.31
22.29

161.6
163.3
164.3
165.4

Feb 2
9
16
23

24.38
24.17
23.92
23.34

24.80
24.56
24.23
23.58

21.20
20.92
20.88
20.53

22.36
22.40
22.53
22.33

166.2
165.7
166.1
165.9

Mar 1
8.
15...
22
29

23 23
23.64
23 71
23.90
24.00

23 44
23.87
23 93
24.13
24.24

20 62
21.23
21 66
21.81
22.01

22 32
22.51
22 54
22.62
22.61

166 0
166.1
166.5
169.7
170.6

Apr 5
12
19..
26

24 14
23.98
23 60
23.55

24 38
24.20
23 82
23.77

22 55
22.34
21 77
21.82

22 58
22.57
22 31
22 24

May 3 . .
10
17
24..
31

23 45
23 77
23.66
23 80
23.88

23.65
24 00
23.86
24.01
24.09

21.81
22 16
21.98
22.26
22.47

June 7
14
21.
28

23 98
24.32
24 43
24 68

24 17
24.56
24 72
25 03

July 5
12
19 .
26

25 05
24 92
25 05
25 09

Aug 2
9
16
23
30.




5
2
1
9

Week ending—

1954—j an . 2
9
16
23
30

Total

Industrial

Railroad

PrePublic ferred
utility

1956—Jan. 7
14
21
28

45.06
44.49
43.94
43.46

47.95
47.28
46.68
46.08

33.83
33.47
32.82
32.56

31.68
31.61
31.43
31.44

173.2
173.8
174.1
174.6

Feb 4
11
18
25

44.07
44.17
43.88
44.82

46.74
46.83
46.48
47.57

33.16
33.01
32.86
33.56

31.80
32.06
31.98
32.19

175.5
176.4
175.5
175.5

172.6
173.4
173.0
173.6

Mar 3
10
17
24
31

45.48
46.19
47.57
48.65
48.47

48 35
49.05
50.64
51.97
51.75

33 74
34.57
35.40
35.70
35.91

32 33
33.04
33.44
33.41
33.29

175.6
175.3
175.4
174.6
172.8

26 60
26.67
26.84
26.82

173.8
174.3
174.0
174.5

Apr 7
14
21
28

48.69
48.16
47.79
47.50

52 08
51.52
51.08
50.74

35 99
35.56
36.09
36.69

33 01
32.64
32.37
32.03

171.5
170.3
167.7
165.4

21.97
22 73
22.94
23.20
23.35

26.72
26 82
26.98
27.12
27.34

174.2
173.8
174.2
173.4
173.7

May 5
12
19
26

48.31
47.69
46.46
45.10

51.71
50 97
49.54
47.96

36.84
37 08
36.09
34.69

32.21
31 98
31.75
31.61

165.6
167.0
166.6
165.4

29 64
28.81
29.36
29 63

23 30
22.85
23.54
23 80

27 47
27.08
27.17
27 32

173.6
172.9
172.9
172.9

June 2
9
16
23
30

45.00
45 69
46.23
46.42
46 86

47.91
48 72
49.33
49.56
50 09

33.86
33 94
34.29
34.42
34 30

31.46
31 82
31.94
31.95
32 05

165.6
167 3
168.0
168.1
167.8

29 84
30 57
30.61
30 55
31.12

23 70
24 00
24.51
24 52
24 93

27 53
27.86
28.14
28 42
28.62

172.1
172.4
172.8
173.7
174.2

July 7
14
21
28

..

47.52
48.56
49.28
49.33

50 86
52.05
52.90
52 83

34 13
34 46
34.63
35 11

32 39
32.76
33.00
33 50

167.6
168.6
168.3
168.4

4

..

49.44
49.16
48 83
47.90

52 93
52.60
52 26
51 24

34 80
34.44
33 93
33.22

33 76
33.81
33 63
33.15

167.9
166.6
165 1
163.6

47.41
47.96
47.24
46.60
45.78

50.74
51 41
50.62
49 86
48.97

32.62
32 57
32.05
32 03
31.37

32.71
32.79
32.43
32.26
31.79

162.1
160.6
158.9
159.3
159.7

45.85
46.66
46.46
46.08

49.10
50.01
49.75
49.31

31.38
32.23
32.69
32.65

31.55
31.77
31.74
31.58

158.6
159.3
159.9
157.9

Week, ending—

AUK

..

....

n:::.:::::
18

25

.
..

1952—Nov. 1
8
15
22
29

24.21
24.71
24.72
25.17
25.49

24.42
24.95
24.90
25.37
25.72

22.16
22.46
22.70
23.03
23.63

22.99
23.37
23.67
23.99
24.10

168.1
168.8
169.8
169.9
170.6

Dec. 6
13
20
27

25.67
25.93
26.07
26.24

25.90
26.17
26.30
26.50

23.87
24.35
24.85
25.20

24.20
24.35
24.36
24.30

170.9
170.7
170.5
170.0

1953—Jan. 3
10
17
24
31

26.53
26.38
26.02
26.09
26.16

26.85
26.68
26.27
26.35
26.39

24.94
24.87
24.56
24.47
24.73

24.44
24.43
24.37
24.35
24.50

169.6
169.4
169.1
167.2
168.0

Feb. 7
14
21
28

26.29
25.67
25.57
25.88

26.53
25.87
25.74
26.09

24.44
23.82
23.87
24.41

24.72
24.47
24.36
24.42

167 3
166.1
165.6
166.2

Mar. 7
14
21
28

25.87
26.03
26.24
26.05

26.07
26 22
26.43
26 22

24.34
24 52
24.81
24 60

24.47
24 73
24.87
24 78

165.4
166 2
166.3
164 9

Apr. 4
11
18
25

25.35
24.79
24.82
24.45

25.50
24.91
24.95
24.57

23.65
23.01
23.04
22.56

24.30
23.98
24.01
23.68

May 2
9
16
23
30

24.58
24.98
24.81
24.89
24.70

24.74
25.20
25.01
25.03
24.81

22.72
22.94
22.91
23.56
23.40

June 6
13
20
27

24.13
23.74
23.74
24.11

24 27
23.92
23.93
24.31

July 4
11
18
25

24.24
24.45
24.19
24.21

Aug. 1
8
15
22
29

Nov. 6
13
20
27

32.44
33.27
33.51
34.10

33.50
34.36
34.64
35.28

25.01
26.07
26.61
27.12

28.12
28.64
28.61
28.93

179.1
179.0
178.6
178.8

1956—Nov. 3
10
17
24

46.37
46.95
46.05
45.00

49.65
50.30
49.23
48.03

32.16
32.37
31.97
31.21

31.82
32.12
31.96
31.69

156.9
156.2
154.3
152.3

Dec. 4
11
18
25

34.29
34.76
34.69
35.36

35.46
35.94
35.82
36.56

27.57
28.54
28.75
30.00

29.06
29.31
29.43
29.48

178.5
178.2
178.5
178.7

35 59
35.81
35.55
34.98
35.83

36 80
37.08
36.74
36.08
37.04

30 34
29.95
30.00
29.07
29.78

29 62
29.75
29.82
29 85
30.12

177.7
176.9
176.4
174.8
174.9

Dec. 1
8
15
22
29

44.73
46.41
46.49
46.39
46.43

47.74
49.73
49.83
49.74
49.81

31.18
32.01
31.92
31.59
31.46

31.50
31.74
31.76
31.65
31.60

151.9
150.7
151.9
151.5
151.5

1957—Jan. 5
12
19
26

46.38
46.26
45.23
44.53

49.87
49.41
48.18
47.59

31.72
32.35
31.36
30.66

31.86
32.25
32.32
32.39

152.2
154.3
154.6
157.6

Feb 5
12
19
26

36.67
36.88
36.86
36.72

38.04
38.23
38.08
37.86

30.22
30 41
31.04
31.75

30.20
30 53
30.98
31.00

174.7
175.0
175.1
175.1

Feb 2
9
16
23

44.69
43.84
42.90
43.52

47.49
46 49
45.47
46.19

30.61
30.08
29.26
29.60

32.66
32.53
32.03
32.17

156.9
157.0
156.6
156.3

Mar 5
12
19
26

37.11
36.47
35 79
36.53

38.26
37.58
36 91
37.71

32.44
31 65
30 91
31.47

31.24
30 94
30 20
30.63

175.4
174.2
174 4
174.4

36.75
37.11
37.71
38.22
38.03

37.94
38.35
38.96
39.52
39.34

31.97
32 37
33.34
34.15
34 05

30.67
30.74
31.23
31.28
31.07

174.5
175.4
176.5
176.3
175.9

43.45
44.18
43 94
44.03
44 03

46.09
46.98
46 76
46.90
46 90

29.26
29.60
29 28
29.20
29 36

32.35
32.58
32 40
32.43
32 41

157.0
157.3
157 0
157.2
157 2

162.7
162.8
161.5
161.1

Apr 2
9
16
23
30

Mar. 2
9
16
23..
30
Apr. 6
13
20
27

44.39
44.83
45.12
45.58

47.30
47.82
48.16
48.67

29.62
29.72
29.64
29.92

32.62
32.83
32.98
33.44

157.0
157.6
157.0
155.5

23.58
23.69
23.60
23.77
23.71

160.3
160.5
158.9
160.6
159.8

May 7
14
21
28

37 82
37.57
37.30
37 66

39.08
38.83
38.56
38.97

33 78
33.58
33.12
33 37

31 08
30.89
30.70
30 83

175.7
175.6
175.7
175.2

May 4
11
18
25

46.04
46.33
46.91
47.22

49.21
49.55
50.25
50.64

30.32
30.49
30.50
30.55

33.70
33.90
34.08
34.24

155.7
155.7
154.3
153.5

22 58
22.27
22.29
22.93

23 11
22.46
22.37
22.57

157 7
156.2
156.4
156.7

June 4
11
18 .
25

38.08
39 03
39.83
40 59

39.43
40 54
41.48
42 41

34.00
34 27
34.58
34 71

30.95
31 19
31.35
31 40

175.4
175 5
175.1
176 6

31.31
31 46
31 80
32.10
32.56

176.2
176.1
175 9
177.2
177.4

34.07
34 02
33.87
33 16
32.36

153.5
152 8
150.5
148.1
146.5

157.7
159 3
159.4
161.6

34.54
34 20
34 06
33.91
34.09

30.12
29 97
30.29
30 16
30.03

22.95
23 30
23.22
23.23

42.89
44 82
44 71
44.65
45.92

50.43
51 02
51.69
51 54
50.95

23.16
23 40
23.00
23.07

40.95
42 52
42 48
42.47
43.57

47.00
47 43
47.94
47 72
47.13

24.38
24 57
24.28
24.30

July 2
9
16
23
30

June 1
8
15
22
29
July 6
13
20
27

48.12
48 92
48.74
48.54

52 07
52 99
52.80
52.58

30.38
31 25
31.61
31.61

32.93
33 29
33.02
32.73

149.1
148 8
147.8
145.1

24.34
24.78
24.72
24.39
23.88

24.45
24.89
24 78
24.43
23.88

22.88
23.29
23 07
22.56
21.76

23.35
23.79
24 08
23 99
23.80

162.5
162.8
163 4
163 6
162.6

Aug. 6
13.
20
27

42.79
: . . 42 03
41 96
42 59

45.00
44.13
44 01
44 71

33.38
32 65
32 97
33 69

32.60
32 39
32 46
32 64

176.8
175.4
174 6
173 2

Aug. 3
10
17
24
31

23.47
23.44
22.93
23.16

21.07
20.83
20.22
20.50

23.52
23.59
23.04
23.33

161.8
162.4
162.8
162.5

33.58
34.39
34 75
34.73

32.71
32.81
32 84
32.75

171.9
172.9
172.9
173.1

32.52
32.38
31 99
31 62
31 30

23.48
23.45
22.93
23.17

45.47
46.23
47.31
48.04

30.92
30.49
29 65
29 12
28.26

145.7
145.6
144 8
144 7
145.2

43.21
43.87
44 76
45.34

51.80
50.75
49 67
48 64
48 11

Sept. 5
12
19
26

Sept 3.
10
17
24

47.84
46.96
45 99
45 07
44.56

20.63
20.45
20.87
21.31
21.08

23.69
23.95
24.26
24.42
24.42

164.7
165.1
166.5
167.9
169.6

31.73
31.33
30 75
31 02
31.15

172.0
172.2
172 4
174.8
174.7

31.35
31.08
31.27
30.77

145.3
146.0
147.7
145.9

32.82
32.27
31 29
31.99
32.20

28.30
27.64
27.34
25.86

23.46
23.51
23.79
24.22
24.44

46.24
45.15
43 50
44.45
44.93

48.63
47.98
47.96
46.09

23.47
23.55
23.84
24.23
24.40

43.64
42.68
41 22
42 05
42.47

45.00
44.41
44.40
42.65

Oct. 3
10
17
24
31

Oct 1
8.. .
15
22
29 .

Sept. 7.
14
21
28
Oct 5
12
19
26

42.84
41.61
41.04
40.03

46.24
44 80
44.17
43.14

26.28
25 48
24.85
23.58

31.01
30 76
30.46
29.57

146.1
147 1
146.5
144.6

Nov. 7
14
21
28

24.61
24.51
24.35
24.51

24.66
24.49
24.34
24.50

21.21
21.30
21.08
21.06

24.60
24.60
24.65
24.88

169.4
169.4
168.5
167.9

NOv 5
12
19
26

42 83
44.68
45 93
45.57

45 32
47.48
48.97
48.53

31 99
33.28
34 16
34.63

31 52
31.88
31 92
31.80

175 1
175.7
174 9
174.2

25.18
25.20
25.20
25.17

167.3
166.9
165.9
165.8

35 29
34.96
34 16
34 07
34.20

32 02
32.18
31 93
31 74
31.66

173.5
173.2
173 5
172.8
172.1

145 0
144.4
144.2
147.2
150.0

21.45
21.01
20.91
20.67

Dec 7
14 .
21
28

41.42
40.65
39.64
39.68

44.58
43 68
42.49
42.52

23 66
23.10
22.72
22.11
22.55
22.08
21 47
21.12
21.00

30 24
30.33
30.33
30.80
31.38

24.89
24.85
24.88
24.83

48.28
48.62
48 09
48.15
48.13

43 87
43.52
42 82
43.27
44.18

24.89
24.84
24.86
24.80

45 45
45.73
45 23
45 24
45.23

40 73
40.42
39.83
40.22
41.06

Dec. 5
12
19
26

Dec. 3
10
17
24
31

Nov 2
9
16
23
30

31.69
31 88
31.67
31.80

152.0
154.3
157.7
158.2




1954

1955—Jan

1 ...
8
15
22
29

14.

STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION — Continued
B.

WEEKLY, 1934-63 — Continued
[1941-43 = 10]

Common
Week ending—

Common

Total

Industrial

Railroad

PrePublic ferred
utility

40.19
40.76
40 86
41.38

43.07
43.66
43.69
44.23

21.45
22.16
22.37
23.02

32.23
32.63
33 24
33.67

157.7
158.7
160 0
161.8

Feb 1
8
15
22

41.70
42.10
41 16
41.04

44.53
45.00
43 91
43.75

23.48
23.87
22 92
22.92

34.03
34.18
34 02
34.11

162.1
160.4
159 9
159.8

Mar. 1
8
15
22
29

40.74
41.60
42.38
42.11
42.34

43.40
44.39
45.29
44.97
45.22

22.29
22.36
22.82
22.57
22.68

34.16
34.43
34.57
34.53
34.68

159.5
158.5
158.9
158.6
157.3

Apr. 5
12
19. ..
26

41.78
41.61
42.30
43.01

44.56
44.32
45.03
45.77

22.19
22.20
23.37
24.15

34.77
35.01
35.50
36.05

157.7
158.9
160.2
163.0

May 3
10
17
24
31

43.38
43.94
43.44
43.61
43.90

46.17
46.80
46.21
46.40
46.70

24.23
24.84
24.59
24.64
25.10

36.41
36.51
36.49
36.62
36.77

162.5
162.2
163.0
162.3
162.1

1958—Jan. 4
11
18 . .
25

Week ending—

Common

Total

Industrial

Railroad

PrePublic ferred
utility

I960—Jan. 2
9...'
16
23
30

59.49
59.92
58 41
57.36
56.42

64.05
64.50
62 69
61.49
60.37

33.61
34.41
33 81
33.48
33.00

44.54
44.76
44 57
44.34
44.31

142.7
143.8
143 5
144.2
143.5

Feb. 6
13
20 ..
27

56.27
55 46
55.39
55.94

60.18
59 23
59.15
59.78

32.75
32 69
32.39
32 59

44.41
44 24
44.33
44.48

144.2
145 5
145.9
145.4

Mar. 5
12
19
26

55.42
53.92
54.81
55.61

59.16
57.52
58.52
59.39

31 46
30.35
31.16
31.27

44.75
43.90
44.24
44.90

Apr. 2
9
16
23
30

55.61
56.17
56.30
55.83
54.77

59.32
59.98
60.14
59.58
58.32

30.99
30.86
30.87
30.56
30.10

May 7
14
21
28

54.72
54.79
55.53
55.72

58.28
58.35
59.21
59.38

Week ending—
Total

Industrial

Railroad

PrePublic ferred
utility

6
13.
20
27

70.60
69 24
68 80
68.39

74.65
73 19
72 70
72.25

33.76
33 86
33 88
33.64

63.97
62 75
62 40
62.19

151.0
152 4
152 4
153.1

Feb 3
10
17
24

68.80
70 26
70 53
70.39

72.70
74 33
74 56
74.35

33.96
34 39
34 40
34.11

62.37
63 24
63 95
64.20

153.7
154 6
154 2
155.8

145.7
146.4
146.8
148.4

Mar. 3
10 . . .
17
24
31

69.99
70 02
70 78
70.57
69.84

73.91
73 94
74.78
74.50
73.69

33.75
33 58
33.51
33.40
33.19

64.06
64 09
64 71
64.98
64.42

155 2
156 2
156 8
155.8
156.1

45.35
45.52
45.58
45.59
45.51

148.4
148.8
148.6
148.6
148.4

Apr 7 . .
14
21
28

68.88
68 18
68.09
67.61

72.59
71.76
71.68
71.15

32.66
32.37
32.59
31.89

64.18
64 06
64.15
63.69

156.1
157 5
157.1
158.2

30.03
29.77
30.32
30.63

45.44
45.62
45.76
46.06

148.2
148.2
147.0
146.0

May 5

65.94
64 33
63.88
61.43

69.44
67.77
67.28
64.58

31.72
31.07
30.97
30.31

61.67
59 97
59.59
57.87

158.0
158 3
158.1
157.7

58.15
58.02
55.98
54.47
53 31

61.19
60.88
58.65
57.07
55 85

29.03
28.95
28.19
27.67
27 08

54.31
55 29
53.83
52.31
51 26

154.2
154 6
155.5
155.6
154 2

1962 Jan

il:::::::::

19
26

....

June 7
14
21
28

44.49
44.66
45.03
44 72

47.34
47.51
47.94
47 57

25.29
25.42
25.77
25 63

37.23
37.39
37.29
37 28

163.5
164.4
163.7
162 4

June 4
11
18
25

56.02
57.64
57.68
57 36

59.73
61.55
61.54
61 15

29.91
31.02
31.02
30 88

46.45
47.05
47.47
47 54

145.5
148.0
148.1
148 7

June 2
9
16
23
30

Julv 5
12."..".".'.
19
26

45.33
45.48
45.36
46.55

48.26
48.39
48.22
49.62

25.82
25.99
26.63
27.67

37.60
37.93
37.94
37.76

163.2
161.4
160.4
159.0

148.2
148.3
149.1
149.3
149 1

54.90
55.99
55.49
55.26

152.6
152.5
153.0
152.6

158.5
158.5
159.3
156.3
155.8

47.98
48.33
48.34
48.27
47.19

28.24
28.72
28.40
27.90

37.76
37.76
37.60
37.25
37.30

30.92
30.69
30.31
30.16
29.49

58.93
60.12
59.41
59.35

28.04
28.47
28.40
28.20
28.68

60.68
60.77
59.72
58.63
57.68

56.33
57.47
56.81
56.72

50.35
51.08
51.14
50.73
51.12

57.04
57.15
56.28
55.37
54.59

July 7
14
21
28

47.18
47.79
47.83
47.44
47.79

July 2
9
16
23
30
Aug. 6
13
20
27

55.12
. . .. 56.07
56.80
57.68

58.50
59.55
60.25
61.22

29.48
29.93
30 61
30.80

47.45
48.02
48.93
49.61

150 9
151.3
152 3
153.1

Aus 4
11:::::::::
18
25

57.98
57.53
58.44
59.51

60.73
60.22
61.23
62.37

28.07
27.67
27.87
28.37

56.28
56.18
56.76
57.68

153.0
153.1
153.9
155.2

20
27

48.06
48.41
49.22
49.55

51.41
51.80
52.71
53.04

28.71
28.62
29.60
30.45

37.64
37.83
38.06
38.14

154.9
152.8
151.8
152.6

Sept 3
10
17
24

57.07
56.03
55.47
54.14

60.49
59.29
58.65
57.18

30.02
29.40
29.18
28.61

49.72
49.55
49.33
48.44

152.2
150 9
149.8
149 8

Sept. 1
8
15
22
29

58.96
58.36
58.69
58.66
56.36

61.71
61.03
61.45
61.40
58.87

28.43
28.12
28.00
27.61
27.08

57.60
57.34
57.33
57.43
55.82

154.9
155.6
155.5
155.7
156.0

Oct. 4
11
18
25

50.09
51.03
51.17
51.08

53.63
54.68
54.83
54.69

30.82
31.26
30.98
31.19

38.45
38.92
39.13
39.30

150.4
150.6
151.8
151.0

Oct 1
8
15
22
29

52.92
53.50
54.39
54.08
53.02

55.99
56.63
57.61
57.28
56.14

27.54
27.68
27.89
27.88
27.63

46.94
47.27
47.89
47.65
46.68

146.5
147.6
148.1
147.4
147.1

Oct 6
13
20
27

56.30
57.10
56.63
54.58

58.82
59.61
59.10
56.98

26.99
27.40
27.38
27.43

55.78
56.83
56.41
53.89

155.4
156.5
156.3
155.1

AUK

2
9:::::::::
16.
23
30

Sept 6 .

IS:::::::::




. . .

. .

50.96
52 07
52.90
53.10
51.68

54.48
55 72
56.58
56.72
55.15

31.70
32 24
33.08
33.72
33.10

39.65
40 20
40.87
41.27
40.53

150.4
150 5
151.0
151.1
150.2

Dec 6
13
20
27

52 54
53.07
53 83
53.75

56 06
56.64
57 48
57.33

33 54
33.52
33 66
33.76

41.21
41.77
42 24
42.52

150 9
150.0
151 5
151.5

1959_jan. 3
10.
17
24
31

55.08
. . . 55.46
55.70
. . 55.88
55.47

58.82
59.14
59.35
59.57
59.18

34.40
35.21
35.91
36.09
35.08

43.20
43.88
44.20
44.16
43.73

151.7
152.5
155.0
155.0
155.1

Feb. 7
14
21
28

54.95
. . . 54.13
54.77
55.37

58.56
57.62
58.29
58.96

35.07
34.78
35.48
35.52

43.59
43.34
43.80
44.22

154.9
154.7
155.4
155.4

Mar 7
14
21
28

. .

56.19
56.42
56.34
55.87

59.87
60 10
59.98
59.46

35.63
35 78
35.63
35.02

44.84
45.09
45.30
45.16

157.3
156.1
156.1
156.0

Apr 4
11::::
18
25

55.80
: : : : 56.34
57 09
57.97

59.40
60.00
60 88
61.88

35.00
35.46
36 18
36.48

44.99
45.26
45 24
45.18

May 2
9
16
23
30

57.80
57.44
57 94
58.21
58.31

61.83
61.47
62 08
62.36
62.53

36.19
35.74
35 73
36.27
36.47

13
20
27

58.05
56.97
56.96
57.47

62.37
61.24
61.24
61.74

11
18
25

58.77
59.91
59 43
59 45

54.18
55 62
55.69
55.90

57.46
59 12
59.16
59.31

28.25
28 99
28.94
29.22

47.09
47 49
47.81
48.36

147.6
146 8
146.0
145.7

1962—Nov. 3
10
17
24

56.73
58.54
59.87
60.66

59.36
61.31
62.73
63.52

28.19
29.17
30.38
31.15

55.65
56.59
57.43
58.32

155.8
156.1
157.9
157.5

Dec. 3
10
17
24
31

55.62
55 92
56.89
57 32
57.87

58.97
59 27
60.36
60 80
61.27

29.10
28.78
28.89
29 07
29.50

48.43
48.98
49.62
50.16
51.23

145.7
144 9
144.4
144 4
145.7

Dec. 1
8
15
22
29

61.98
62.69
62.44
62.50
62.89

64.97
65.71
65.38
65.43
65.82

31.86
32.54
31.83
32.10
32.45

59.13
59.83
60.17
60.22
60.67

157.9
157.8
158.4
158.3
158.6

1961—Jan. 7
14
21
28

58.25
59.17
59.67
60.63

61.63
62.60
63.14
64.21

30.31
31.37
32.06
31.64

51.66
52.35
52.55
53.30

146.4
148.1
149.0
148.3

1963—Jan. 5
12
19
26

63.41
64.60
65.06
65.60

66.28
67.49
67.99
68.58

33.89
34.17
33.86
34.13

61.65
63.01
63.41
63.81

159.1
159.8
161.1
163.0

Feb 4
11
18
25

62.03
61.83
. . . 61.77
62.53

65.63
65.35
65.27
66.07

31.90
31.71
32.07
32.63

55.16
55.39
55.39
56.00

149.0
149.6
149.9
150.5

Feb. 2
9
16
23

66.17
66.20
66.10
66.12

69.18
69.26
69.07
69.10

34.47
34.19
34.91
34.92

64.27
64.09
64.35
64.27

163.5
163.4
164.5
164.5

Mar. 4
11
18
25

63.59
63.59
63.88
64.65

67.27
67.34
67.63
68.34

32.81
32.39
32.39
33.72

56.58
56.24
56.75
57.72

150.2
149.9
149.9
150.6

33.47
32.76
32.38
32 09
32.19

57.99
59.29
59.49
59 01
58.58

150.3
150.0
149.8
150 6
149.9

67.77
67.90
68.77
68.87
69.63

34.37
34.72
34.55
34.46
34.77

63.20
63.09
63.38
63.46
63.69

164.0
165.0
164.7
165.0
165.1

Apr. 1
8
15
22
29

68.34
69.37
70.30
69 94
68.96

64.87
64.98
65.72
65.81
66.49

155.8
156.2
154 8
154.1

64.68
65.66
66 42
66 06
65.20

Mar. 2
9
16
23
30
Apr. 6
13
20
27

67.44
68.51
69.05
69.60

70.70
71.91
72.51
7.3.09

35.10
35.64
36.17
37.47

64.14
64.53
64.78
64.90

163.6
163.3
161.4
161.4

44.66
44.35
44 34
44.44
44.05

154.0
152.1
150 7
148.4
147.6

May 6
13
20
27

65.99
66.43
67 11
66.45

69.84
70.29
70 97
70.23

32.65
32.81
33 52
33.36

58.97
59.45
60 20
59.80

150.0
150.9
151 8
151.1

May 4
11
18
25

69.92
69.97
70.33
70.07

73.42
73.49
73.79
73.47

37.58
37.48
38.18
39.00

65.24
65.21
65.84
65.72

162.4
162.8
163.7
164.0

35.86
35.41
35.86
36.55

43.26
42.26
42.00
42.54

147.4
145.8
145.6
145.4

June 3
10
17
24

66 62
66.79
65.76
64.99

70 53
70.74
69.62
68.81

33.03
33.13
32.56
32.01

59.30
59.27
58.59
57.90

151.4
150.8
150.6
149.9

163.8
163.8
163.5
163.0
162.4

37.04
37.69
36 94
36 22

43.36
43.95
44 04
44 48

145.7
146.8
147 8
147 9

Julv 1
8.. : . : : :
15
22
29

64 54
65 61
65.37
64 69
65 85

149*4
148.9
149.3
149 9
149 3

39.49
39.32
38.90
39.30
39.83

63.18
64.44
63 88
63 87

57.63
59.00
59.73
59 09
59 63

73.71
74.14
73.7173.55
73.04

65.40
65.20
64.83
64.90
64.56

31.70
32.48
31.94
31 02
31 67

70.25
70.58
70.17
70.06
69.62

68 32
69.38
69.01
68 33
69 62

June 1
8
15
22
29
July 6
13
20 . .
27

69.62
69.81
68.82
68.18

73.04
73.27
72.16
71.48

39.73 64.57
39.55 "64.70
38.92 64.28
37.46 64.11

161.5
161.5
160.6
161.4

60.39
60.35
59.14
58.86
59.21

64.99
64.89
63.44
63.10
63.50

36.47
36.18
35.26
35.25
35.54

44.62
44.98
45.17
45.12
45.27

147.6
147.3
148.9
149.3
150.4

Aug. 5
12
19
26

67.21
67.85
67.86
68.02

71.17
71.83
71.83
71.86

31.97
32.45
32.80
33.30

60.24
60.87
61.02
61.73

149.5
149.7
149.0
149.3

69.08
70.07
71.06
71.48
72.03

72.43
73.50
74.52
74.93
75.56

38.06
38.64
39.23
39.76
39.66

64.96
65.61
66.64
67.19
67.41

58.84
57.35
56 58
55.95

63.10
61.49
60 71
60.05

34.95
33.88
33 41
33.11

45.06
44.13
43 19
42.58

148.5
148.0
145 3
143.7

Sept 2
9
16
23
30

67 86
68.16
67.69
66 91
66.27

71.62
71.94
71.39
70 47
69.75

62.17
62.47
62.32
62 18
61.77

148.9
148.8
148.7
149 1
150.5

161.8
162.2
162.6
163.0
163.1

SeDt 5
12::::.:*::
19
26

33.16
33.12
33.06
32 97
32.87

Aug. 3
8
10
17
24
31
Sept. 7
14!....
21
28

72.79
73.02
73.10
72.71

76.43
76.77
76.93
76.57

39.49
39.02
39.09
38.69

67.77
67.53
67.09
66.39

162.6
162.8
162.8
163.3

Oct 3
10
17
24
31

57 14
57.00
57.08
56 56
57.35

61 29
61.04
61.11
60 49
61.48

34 28
34.42
34.50
34 24
34.00

43 56
44.06
44.21
44 17
44.08

144 4
145.4
145.7
145 1
146.1

Oct 7
14
21
28

67 28
68.08
68 1?
68 23

70 71
71.51
71 60
71 64

34 11
34.98
34 78
34 39

63 24
64.11
64.25
64 66

151 4
151.3
151.8
152 1

Oct. 5
12
19
26

72.38
72.39
72.85
73.33

76.25
76.31
76.88
77.46

38.37
38.17
38.42
38.58

66.13
65.63
65.45
65.42

164.2
165.2
164.1
164.5

Nov 7
14
21
28

57.40
57.30
56 70
57.39

61.62
61.50
60 87
61.69

33.32
33.06
32 40
32.41

43.82
43.88
43 46
43.68

145.2
146.2
145 0
145.8

68.87
70.68
71.56
71 74

72.33
74.28
75.21
75 46

34.22
34.40
34.59
34 25

65.29
66.92
67.76
67 77

152.3
152.6
152.9
152 8

78.45
77.35
77.17
75.37
76.73

38.00
38.31
39.04
38.35
38.73

65.25
64.92
65.05
64.66
64.41

164.7
164.2
163.7
163.2
163.1

Dec 5 . . . .
12
19
25 .

58.63
59.03
58 98
59.09

63.11
63.53
63 47
63.58

33.14
33.56
33 75
33.68

44.01
44.32
44 29
44.36

146.1
145.4
144 0
143.2

71.68
71.93
72.31
71 18
71.48

75.46
75.89
76.36
75 28
75.70

33.90
33.67
33.36
32 57
33.05

153.0
152.0
150.9
150 1
150.8

74.12
73.17
73.07
71.50
72.62

67.30
66.60
66.62
64 94
64.39

Nov. 2
9
16
23
30
Dec. 7
14
21
28

73.87
73.96
74.47
74.14

78.11
78.13
78.68
78.32

39.13
39.84
40.48
40.03

65.18
65.65
65.88
65.65

162.7
162.4
162.2
161.2

[958 Nov 1 . . .
8
15
22
29

Aug. 1
8
15
22
29

.

. . .




I960 Nov. 5
12
19
26 .

Nov. 4
11
18
25
Dec 2
9
16
23
30

. .

. . .

15. COMMON STOCK PRICE INDEXES: SECURITIES AND EXCHANGE COMMISSION
A. ANNUALLY, 1939-63; MONTHLY, 1939-MAY 1964
[1957-59 = 100]
i

Mi inufacturing

Period

Manufacturing

Total
Total

Durable

Nondurable

Transportation

Public
utility

Trade,
finance, Mining
and
service

1939

26.8

21.2

22.3

20.3

33.8

55.4

29.3

29.3

1940
1941
1942
1943
1944

25.3
23.0
20.1
26.6
29.0

19.8
18.0
16.0
21.0
22.7

20.6
18.2
16.4
21.1
23.4

19.1
17.9
15.7
21.0
22.2

33.5
32.6
30.7
42.3
47.6

55.4
49.4
38.7
50.2
54.9

26.5
24.1
20.9
29.6
34.4

22.1
20.8
17.5
24.4
27.3

1945
1946
1947
1948
1949

35.2
40.1
35.1
35.6
34.3

27.4
31.1
28.1
29.1
28.1

28.8
30.9
26.8
27.7
25.9

26.3
31.4
29.4
30.2
29.9

64.2
68.4
50.4
53.4
46.0

62.6
67.1
58.5
55.0
54.4

43.8
59.9
47.8
46.0
47.1

33.5
36.7
34.3
38.9
37.9

1950
1951
1952
1953
1954

41.4
49.6
52.3
51.9
61.7

35.2
43.9
46.8
46.7
57.6

33.5
39.8
42.1
43.0
54.7

36.6
47.4
50.7
49.8
60.0

54.1
67.3
74.6
73.9
78.6

60.4
62.4
65.4
67.3
75.3

53.9
61.0
60.4
60.8
69.1

42.0
60.0
80.7
70.4
78.2

1955
1956
1957
1958
1959

81.8
92.6
89.8
93.2
116.7

79.5
93.2
90.7
92.5
116.5

78.7
91.5
88.5
90.4
120.8

80.1
94.5
92.8
94.4
112.6

108.2
110.6
93.2
91.0
115.6

84.8
86.4
86.3
95.8
117.6

87.1
89.9
82.2
95.1
122.3

91.6
104.6
107.2
97.9
95.0

1960
1961
1962
1963

113.9
134.2
127.1
142.3

110.9
126.7
118.0
133.3

117.3
129.2
116.5
129.3

104.9
124.4
119.4
137.1

95.8
105.7
97.8
122.5

129.3
168.4
167.2
180.5

127.4
160.2
155.0
169.3

73.8
92.5
98.0
123.5

May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec..

27.4
27.4
27.5
24.3
25.2
25.8
26.0
25.8
28.1
28.6
28.5
27.8

22.0
21.9
21.8
19.0
19.7
20.1
20.2
20.1
22.6
22.9
22.7
22.1

23.3
23.4
23.3
19.4
20.2
20.6
20.9
20.9
24.0
24.6
24.2
23.5

20.8
20.6
20.6
18.8
19.3
19.6
19.6
19.4
21.5
21.5
21.3
20.9

35.1
33.6
35.4
29.2
30.7
31.2
31.3
30.9
36.0
38.9
37.8
36.2

53.1
54.9
56.0
52.5
54.9
55.9
56.2
56.6
54.9
56.2
57.4
57.5

29.3
30.0
30.1
26.8
28.5
30.0
30.5
30.0
28.6
29.7
30.0
29.2

31.2
30.5
31.1
28.3
29.4
30.0
29.7
29.3
28.3
28.2
28.0
27.1

1940—Jan..
Feb.,
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.

Dec.

27.6
27.7
27.7
28.1
24.7
22.5
23.0
23.6
24.5
24.7
25.3
24.5

21.9
21.9
21.9
22.2
19.5
17.5
17.8
18.4
19.1
19.3
19.8
19.1

22.7
22.7
22.6
23.0
19.8
17.7
17.9
18.9
20.0
20.6
21.5
20.7

21.2
21.2
21.3
21.6
19.3
17.4
17.7
17.9
18.4
18.2
18.3
17.8

35.5
35.5
35.8
37.0
31.6
29.1
30.8
31.6
33.5
34.3
35.1
33.2

58.1
58.5
58.4
59.0
54.1
51.7
53.9
54.1
54.5
54.3
54.6
54.2

29.3
29.5
29.6
29.9
25.4
22.9
24.1
24.8
25.9
26.1
26.1
25.3

27.2
26.5
25.3
25.6
21.4
18.2
18.2
18.4
20.4
20.7
22.8
21.8

1939—Jan..
Feb..
Mar.



Month

Total
Total

Durable

Nondurable

Transportation

Public
utility

Trade,
finance, Mining
and
service

1946—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec.

41.5
42.4
41.0
43.5
44.0
43.7
42.5
41.5
36.0
34.8
34.6
35.7

32.1
32.8
31.5
33.6
34.1
34.0
33.2
32.5
27.9
27.1
27.0
28.0

33.7
35.0
32.7
33.9
33.9
33.9
32.6
31.5
26.8
25.4
25.4
26.5

30.7
30.8
30.5
33.4
34.4
34.1
33.7
33.4
29.0
28.6
28.5
29.4

77.0
78.0
74.1
75.0
74.7
76.0
72.5
69.8
58.1
53.7
55.2
56.7

69.8
70.5
69.1
70.6
71.2
71.7
70.5
68.8
62.5
60.1
59.5
60.5

58.4
62.3
62.1
68.9
70.3
65.1
61.6
60.9
54.3
52.4
51.1
51.1

39.7
40.2
38.5
40.2
40.3
39.8
38.5
37.7
31.9
30.8
31.1
32.0

1947—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

35.6
37.0
35.2
33.8
33.1
34.4
36.4
35.7
34.8
35.8
35.2
34.8

28.0
29.2
27.8
26.8
26.3
27.5
29.4
28.7
28.0
29.0
28.7
28.4

26.7
28.7
27.1
25.8
25.0
25.7
27.5
26.9
26.2
27.5
27.3
27.0

29.1
29.7
28.5
27.8
27.6
29.2
30.9
30.3
29.6
30.2
30.0
29.7

54.1
56.9
52.5
49.6
46.8
47.6
52.0
50.6
48.7
50.0
47.9
48.7

62.2
62.7
60.7
59.2
58.3
57.4
58.3
57.8
58.0
57.8
55.5
53.9

49.8
51.6
48.3
45.7
44.2
47.4
51.2
49.2
46.6
47.6
46.9
45.4

32.3
33.9
33.5
32.8
32.8
34.2
36.0
35.4
34.5
35.1
34.9
36.4

1948—Jan..
Feb..
Mar.
Apr..
May.
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec

34.6
32.5
33.3
35.5
37.4
38.6
37.6
36.4
35.9
36.4
34.2
34.2

28.1
26.2
26.9
28.8
30.4
31.7
30.9
29.9
29.3
29.9
27.9
28.0

26.8
24.8
25.6
27.5
28.9
30.2
29.4
28.7
28.4
29.0
26.8
26.7

29.3
27.5
28.1
30.0
31.7
33.0
32.2
31.0
30.1
30.8
28.9
29.2

51.0
48.3
50.0
54.0
57.0
57.8
56.8
55.2
55.4
55.3
50.2
49.6

54.7
53.4
53.8
54.8
56.8
57.1
56.5
55.5
55.5
55.3
53.7
53.3

44.1
41.4
42.6
46.3
49.5
49.7
47.6
46.2
46.4
47.0
45.4
45.3

37.9
35.7
37.7
40.8
43.8
43.4
41.7
39.0
37.4
38.6
34.6
35.7

1949_j an ..
Feb.,
Mar.
Apr.,
May,
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

34.6
33.0
33.6
33.5
33.2
31.5
33.0
34.4
34.8
35.6
36.4
37.3

28.3
26.8
27.4
27.3
26.9
25.4
26.8
28.1
28.5
29.4
30.2
31.0

27.0
25.4
25.8
25.3
24.7
23.2
24.7
25.7
25.7
26.7
27.7
28.6

29.5
28.0
28.8
29.0
28.8
27.4
28.7
30.2
31.0
31.7
32.4
33.0

49.9
46.2
46.2
46.4
45.7
42.6
43.5
45.4
45.3
46.2
46.5
47.9

53.4
53.3
53.8
53.8
53.1
52.0
52.8
51.9
55.3
55.7
56.6
57.7

45.8
43.9
44.8
45.5
46.0
44.1
46.8
48.5
48.7
49.4
49.8
51.3

37.1
34.7
36.3
38.6
38.0
35.7
35.7
37.9
39.0
40.7
40.2
39.8

1950—Jan..
Feb.
Mar.
Apr.
May
June

37.8
38.5
39.0
40.0
41.5
41.9

31.4
32.1
32.4
33.5
35.1
35.8

29.6
30.7
30.8
31.9
33.3
34.3

33.0
33.3
33.7
34.9
36.6
37.1

50.5
51.1
51.4
51.2
51.6
49.8

58.6
59.7
62.1
62.5
63.7
62.8

52.0
52.5
52.6
52.3
53.0
52.9

39.2
38.9
38.9
39.2
41.7
41.1

1941—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

24.6
23.0
23.0
22.4
22.1
22.9
23.9
23.9
23.9
23.2
22.3
20.8

19.2
17.8
17.8
17.3
17.2
17.9
18.9
18.9
18.9
18.2
17.6
16.7

20.5
18.7
18.8
17.8
17.3
18.1
18.9
18.8
18.9
18.0
16.9
15.9

18.1
16.9
17.0
16.9
17.1
17.8
18.9
18.9
18.9
18.5
18.2
17.4

34.6
32.5
32.8
32.8
32.4
32.3
33.6
34.1
33.3
32.8
31.7
28.3

54.4
52.3
52.3
50.6
48.1
49.9
50.1
49.4
49.4
48.5
46.4
41.4

25.8
24.1
24.0
23.3
22.9
23.8
24.6
24.9
25.6
24.8
23.5
21.3

22.0
20.5
20.4
20.3
20.6
21.2
22.4
22.1
22.0
21.0
19.5
17.7

1942—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

20.8
20.2
18.8
18.3
18.4
19.3
19.9
19.9
20.1
21.5
22.0
22.1

16.5
15.9
15.0
14.6
14.7
15.4
16.0
15.9
16.0
17.2
17.5
17.7

16.5
16.3
15.8
15.4
15.2
15.9
16.4
16.2
16.3
17.7
17.7
17.7

16.6
15.6
14.2
13.9
14.2
15.0
15.6
15.6
15.7
16.9
17.3
17.7

31.6
31.6
29.1
27.6
27.7
27.3
29.3
30.4
31.2
34.4
34.4
33.2

40.7
40.2
37.4
35.9
36.3
37.3
37.0
37.4
38.0
40.4
42.1
41.5

21.3
20.7
19.2
18.5
18.9
20.4
21.1
21.4
21.5
21.9
22.9
23.3

18.4
18.2
16.0
15.1
15.8
17.4
17.9
17.6
17.9
17.7
18.8
19.1

1943—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

23.3
24.7
25.5
26.2
27.4
28.1
28.4
27.2
27.8
27.5
26.4
26.8

18.7
19.9
20.4
20.9
21.7
22.3
22.4
21.3
21.6
21.6
20.6
21.0

18.8
20.1
20.8
21.2
22.0
22.6
22.6
21.1
21.7
21.5
20.4
20.9

18.7
19.7
20.1
20.6
21.5
22.1
22.4
21.6
22.0
21.7
20.9
21.2

35.4
37.2
40.7
43.5
45.7
44.9
46.2
43.2
44.3
44.0
40.9
41.2

43.5
45.7
46.8
47.9
50.9
51.5
52.9
52.0
53.2
52 9
52.0
52.2

24.1
25.6
26.8
28.3
29.8
31.5
32.4
31.3
32.5
31.5
30.2
31.3

20.8
22.3
23.7
25.0
25.1
25.1
25.4
24.7
26.1
25.7
24.3
25.1

1944—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

27.5
27.3
28.0
27.7
28.0
29.3
30.1
29.8
29.4
30.1
29.9
30.6

21.6
21.3
21.9
21.6
22.0
23.0
23.7
23.4
23.0
23.6
23.3
23.8

21.7
21.4
22.2
22.0
22.3
23.7
24.5
24.3
24.1
24.6
24.2
24.8

21.5
21.2
21.7
21.4
21.7
22.5
23.0
22.7
22.1
22.6
22.6
22.9

43.6
45.3
46.5
45.7
45.9
47.1
48.8
48.3
46.9
48.9
49.3
53.6

52.7
53.0
53.5
53.2
53.4
54.7
56.0
56.2
55.8
56.4
56.4
56.7

32.0
31.5
32.8
32.2
32.5
34.3
35.2
35.4
35.4
36.6
36.7
37.6

26.1
25.3
26.0
26.2
26.5
27.8
29.4
28.8
27.7
27.8
27.5
28.2

1945_jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

31.5
32.3
32.3
33.3
34.4
34.8
34.1
34.5
36.6
38.4
39.4
40.5

24.6
25.4
25.4
26.1
27.0
27.0
26.3
26.8
28.4
30.0
30.5
31.4

25.5
26.5
26.4
27.3
28.3
28.5
27.7
28.5
30.5
31.5
31.7
33.0

23.8
24.4
24.5
25.1
25.8
25.7
25.0
25.3
27.1
28.7
29.5
30.1

56.0
56.8
57.3
59.9
63.0
66.5
64.7
62.3
64.9
69.4
72.8
75.7

57.0
57.5
57.8
58.8
60.1
62.2
63.5
63.6
65.1
66.4
69.1
69.0

37.6
38.5
38.6
39.9
41.6
43.0
41.5
43.0
45.9
48.8
51.9
54.6

30.3
32.0
31.9
32.1
32.5
32.8
32.1
31.4
32.7
35.1
38.0
39.9




1950—July.
Aug.,
Sept.
Oct..
Nov.
Dec.

39.3
41.4
42.8
44.3
44.5
44.3

33.5
35.6
36.8
38.3
38.6
38.3

31.7
33.9
35.2
37.1
37.1
36.1

35.0
37.0
38.2
39.3
39.9
40.2

51.6
55.6
56.9
57.9
57.8
62.3

58.2
58.7
59.4
59.8
59.5
59.0

49.8
51.8
55.1
58.2
58.9
57.4

39.4
42.9
44.0
45.2
46.1
46.7

1951—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

47.5
49.4
48.3
49.1
48.7
48.0
48.8
51.0
52.2
51.4
49.7
51.1

41.3
43.1
42.1
43.3
43.1
42.5
43.5
45.7
46.9
45.9
44.1
45.6

39.0
40.5
39.8
40.4
39.2
37.7
38.1
40.0
41.5
41.4
40.0
40.8

43.2
45.3
44.1
45.7
46.3
46.5
48.0
50.6
51.4
49.6
47.7
49.7

68.3
72.0
67.6
68.2
66.5
63.6
63.5
66.1
68.8
68.7
65.6
68.8

61.1
62.1
62.6
61.7
61.2
60.9
61.6
63.2
63.7
63.5
63.2
63.9

60.2
62.6
61.5
61.0
60.4
58.9
59.3
60.4
63.0
62.8
61.0
61.3

51.5
53.9
51.7
53.7
54.9
54.4
57.1
64.0
67.6
71.3
69.9
69.7

1952—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec

52.6
52.0
51.8
51.3
51.1
52.6
53.3
53.3
52.1
51.1
52.8
54.6

47.2
46.5
46.0
45.6
45.4
47.1
47.9
47.8
46.6
45.6
47.3
49.0

41.5
40.8
40.7
40.6
40.6
41.8
42.8
43.4
42.6
42.0
43.8
45.7

51.9
51.1
50.6
49.8
49.4
51.5
52.1
51.6
49.9
48.6
50.2
51.8

71.2
70.5
72.3
73.4
73.0
75.9
76.5
77.0
74.8
74.0
76.1
80.3

64.6
64.9
64.7
64.4
64.7
64.7
64.7
65.7
65.6
65.2
67.2
68.3

61.6
60.7
59.8
59.5
59.1
59.8
61.1
61.5
60.5
59.3
60.4
62.4

71.9
75.5
86.3
87.3
82.9
85.0
84.5
81.4
80.4
77.4
76.1
78.1

1953—Jan..
Feb.,
Mar.
Apr.,
May,
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec

54.9
54.2
54.7
52.0
52.1
50.3
51.1
51.0
48.6
50.2
51.3
51.9

49.4
48.6
49.3
46.8
46.9
45.2
46.0
46.0
43.5
45.3
46.5
47.1

46.4
45.4
46.2
43.3
43.7
41.7
42.0
41.5
39.1
41.2
42.5
42.9

51.9
51.1
51.9
49.7
49.5
48.0
49.4
49.7
47.2
48.8
49.7
50.6

80.8
79.4
80.5
75.4
76.3
74.1
75.4
73.4
67.2
68.4
68.9
67.6

68.8
68.9
68.9
66.7
66.5
64.6
65.9
66.9
65.9
67.3
68.3
69.0

62.3
61.9
62.5
60.9
61.4
59.9
60.4
60.5
58.1
59.0
60.7
61.4

76.5
74.9
76.9
73.8
72.3
69.5
69.3
69.2
64.2
64.0
67.7
67.2

1954_jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct.,
Nov.
Dec

53.3
54.5
55.6
57.9
59.9
60.1
62.5
63.6
64.5
65.4
68.3
71.9

48.5
49.7
50.9
53.7
55.8
55.9
58.5
59.5
60.7
61.9
64.8
68.5

44.4
45.6
46.8
49.8
51.9
52.8
56.8
57.4
58.1
59.7
63.5
66.6

51.9
53.1
54.4
57.0
59.1
58.5
59.8
61.2
62.7
63.6
65.8
70.1

69.7
72.5
71.8
71.5
74.6
76.2
78.9
80.1
79.8
81.3
87.7
96.3

69.9
71.2
72.3
73.1
74.4
74.4
76.8
78.0
77.5
76.6
78.3
79.9

62.5
63.4
63.0
64.5
66.2
67.0
69.2
71.3
72.5
72.9
76.4
78.5

69.8
73.3
75.9
77.8
78.9
77.9
75.3
76.9
78.4
78.9
81.3
90.8

1955_jan..
Feb.
Mar.
Apr.
May
June

72.6
75.4
75.0
77.0
77.6
81.3

69.3
72.2
71.6
73.7
74.3
78.6

68.5
71.4
71.0
72.9
72.4
76.9

69.9
72.8
71.9
74.2
75.7
79.9

97.4
101.5
103.2
108.3
110.2
113.7

80.5
83.1
83.6
84.3
85.1
85.5

79.2
81.0
80.6
81.4
82.3
86.3

92.0
92.1
92.2
91.1
88.6
91.8

15. COMMON STOCK PRICE INDEXES: SECURITIES AND EXCHANGE COMMISSION — Continued
A. ANNUALLY, 1939-63; MONTHLY, 1939-MAY 1964 — Continued
[1957-59 = 100]

I

Manufacturing
Month

Total
Total

Durable

TransportaNondu-! tion
rable

Public
utility

Manufacturing

Trade,
finance, Mining i
and
service

1955 -July
Aug
Sept
Oct
NOv
Dec

85.6
84.6
87.7
83.3
88.1
89.5

83.8
82.8
86.5
81.8
87.2
88.9

81.7
82.1
86.4
81.5
86.9
88.4

85.5
83.3
86.4
81.9
87.4
89.2

112.9
109.4
112.0
104.5
109.8
112.1

86.6
86.6
86.1
83.6
85.5
85.5

89.3
88.7
93.8
90.1
95.3
94.8

NOv
Dec

87.4
88.6
94.2
95.4
93.1
91.6
96.5
96.5
92.5
91.7
90.9
92.3

86.6
87.8
94.2
96.1
93.6
92.1
97.6
97.6
93.5
92.8
91.6
93.8

84.5
85.4
92.0
91.6
88.7
87.7
93.9
96.5
94.2
94.1
93.1
94.8

88.3
89.6
95.9
99.7
97.6
95.6
100.7
98.4
92.9
91.6
90.4
92.9

108.2
109.1
116.1
i 117.6
115.6
110.9
113.2
111.2
105.8
107.4
105.1
106.5

85.3
86.5
88.5
87.2
86.2
85.9
88.0
88.6
86.1
84.4
84.7
84.4

90.9
90.8
94.4
92.9
89.7
87.9
92.3
91.7
88.5
87.7
86.8
84.2

96.7
102.5
109.1
108.1
106.6
103.1
107.9
109.2
102.2
98.7
104.0
106.0

1957_jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

90.7
87.5
88.5
91.6
95.5
96.6
98.9
93.3
89.0
83.1
82.0
81.1

91.3
87.3
88.5
92.2
96.7
98.6
101.6
95.1
90.2
83.5
82.3
81.1

90.9
86.7
87.1
90.9
94.9
96.0
99.4
92.4
87.2
80.6
79.3
76.5

104.9
91.6
98.8
87.9
97.2
89.8
98.5
93.4
! 98.4
100.8
101.0
99.5
103.7
102.6
97.6
96.7
93.0
89.3
86.1
81.2
85.1 I 76.5
85.3 ! 72.2

86.8
87.3
87.7
88.7
90.2
88.2
87.6
85.7
84.1
82.3
82.6
83.9

83.6
82.0
83.1
83.6
85.1
84.1
85.4
82.9
81.7
78.8
77.8
77.6

107.9
102.8
106.4
110.2
122.0
125.5
125.9
114.7
106.2
91.6
86.8
85.6

1958-Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

83.0
83.1
85.1
85.2
88.1
90.2
92.4
95.8
98.4
103.0
106.3
108.1

82.5
82.1
84.3
83.9
86.8
89.0
91.4
95.4
98.1
103.1
106.2
107.4

79.0
79.3
81.4
79.9
83.3
85.5
88.6
93.7
97.3
103.4
105.9
107.8

85.7 ! 77.2
84.6 I 77.8
87.0 j 77.4
87.6 1 78.2
90.0
83.8
92.3
87.4
94.0
90.8
97.0
95.5
98.8
99.1
102.9
104.9
106.6
110.0
107.1
110.7

87.1
88.7
89.4
91.7
93.6
94.8
95.8
96.1
98.1
101.3
104.7
109.5

81.3
84.3
86.4
87.0
91.6
92.9
94.3
98.4
101.5
104.2
108.7
112.2

85.7
84.2
89.0
89.7
95.5
99.3
101.9
105.8
105.4
107.2
107.2
103.6

1959—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

112.5
111.1
113.9
115.8
117.7
116.7
121.3
120.7
116.3
116.3
116.5
120.5

111.3
109.0
112.1
114.1
117.2
116.8
122.0
121.3
116.7
116.5
117.2
122.1

113.1
111.1
113.6
116.1
119.9
121.7
128.5
126.2
122.7
122.7
122.8
128.8

109.7
107.2
110.7
112.3
114.8
112.3
116.1
116.9
111.3
110.8
112.2
115.9

117.0
118.1
120.7
123.1
120.2
115.6
118.5
119.1
114.6
115.8
114.4
115.1

116.0
118.2
119.8
119.5
120.4
122.0
126.1
125.0
123.5
124.0
125.2
127.0

106.0
103.4
102.9
103.3
98.8
94.2
95.0
95.9
90.3
84.1
82.1
85.8

Oct


1
For
http://fraser.stlouisfed.org/ note see p. 130.
Federal Reserve Bank of St. Louis

117.5
117.6
118.7
120.3
119.6
119.2
120.7
116.1
110.6
112.0
106.6
107.6

Total
Total

92.8
91.1
92.8
86.1
91.5
95.5

1956—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept

Month

Durable

Nondurable

Transi Trade,
porta- j Public I finance, Mining
tion | utility j and
service

I960—Jan.. ,
Feb..
Mar..
Apr..
May.
June.
July. .
Aug..
Sept..
Oct..
Nov..
Dec.

117.6
114.1
112.1
113.5
113.2
117.0
114.5
115.6
112.1
109.1
112.6
115.2

117.5
112.8
109.9
111.0
110.7
114.6
111.2
112.2
107.6
104.9
108.5
110.3

124.3
119.1
115.8
118.3
118.7
123.4
119.0
119.8
114.1
109.4
113.0
114.5

111.2
107.0
104,5
104.3
103.3
106.6
104.0
105.1
101.7
100.8
104.5
106.4

106.4
103.0
97.4
96.5
95.8
97.1
95.7
96.1
91.5
88.0
91.7
92.6

120.0
122.3
124.0
127.1
126.4
129.8
131.0
132.6
134.2
130.5
132.0
138.5

125.6
121.9
122.2
125.3
125.8
132.1
131.0
131.8
127.2
122.8
129.3
132.4

83.3
78.5
75.7
73.4
70.9
70.3
68.6
71.6
70.1
71.8
74.1
78.2

1961—Jan...
Feb..
Mar..
Apr..
May.
June.
July. .
Aug..
Sept..
Oct..
Nov..
Dec.

120.9
125.4
129.8
133.0
134.9
132.8
132.7
137.4
136.2
138.0
144.0
145.8

115.3
119.2
123.9
125.8
126.7
126.0'
125.2
130.1
128.9
129.1
133.7
135.6

118.6
121.4
127.8
128.5
130.6
128.0
126.5
131.3
131.7
132.2
135.7
138.1

112.2
117.3
120.3
123.3
124.9
124.2
123.9
129.0
126.4
126.4
131.9
133.3

100.3
102.6
104.2
103.4
107.5
105.1
103.3
107.0
106.8
110.1
109.9
107.9

148.7
156.0
159.2
168.9
170.0
164.0
166.7
170.6
168.9
173.9
186.0
188.4

134.8
139.8
146.7
150.4
153.1
156.0
158.5
164.2
166.4
176.6
187.7
188.0

85.1
89.0
89.2
93.5
96.9
97.0
93.1
92.8
87.3
90.3
95.1
101.1

1962—Jan...
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.

140.4
142.8
142.9
138.0
128.3
114.3
116.0
119.5
117.9
114.3
122.8
128.0

130.8
133.4
133.5
128.2
119.0
105.7
106.9
110.4
108.9
105.6
114.0
119.1

133.6
134.4
134.0
128.0
117.5
103.2
104.4
109.1
106.2
102.5
110.7
114.0

128.1
132.6
133.1
128.5
120.6
108.4
109.2
111.7
111.5
108.4
117.3
123.8

108.5
110.5
107.4
103.1
98.5
90.2
90.0
90.6
88.5
86.6
97.2
102.3

181.4
183.0
184.2
180.3
167.1
151.1
156.7
160.7
158.2
154.3
162.0
167.9

175.2
176.4
175.2
172.0
161.6
141.3
139.4
143.6
141.6
135.9
145.4
151.8

104.1
109.7
106.6
103.9
97.5
88.3
90.9
92.7
92.3
91.3
97.7
101.5

1963—Jan.. .
Feb...
Mar..
Apr..,
May.
June.
July..
Aug..
Sept..
Oct.. ,
Nov..
Dec.

132.6
135.0
133.7
140.7
143.2
142.5
140.7
144.6
148.2
148.7
147.3
151.1

123.6
125.5
124.5
132.0
134.3
133.7
131.8
135.6
139.4
139.9
138.0
141.4

119.2
121.0
118.7
126.9
130.7
130.8
126.6
130.4
135.5
138.0
136.6
137.7

127.7
129.7
129.9
136.9
137.7
136.7
136.7
140.5
143.2
141.6
139.4
145.0

107.3
110.3
109.3
116.3
124.2
127.2
125.8
128.8
128.0
128.2
129.5
134.9

173.0
177.5
174.5
179.2
180.6
178.0
176.7
180.9
182.9
184.8
186.4
191.3

155.8
158.4
158.6
164.8
170.0
170.6
168.5
173.1
179.7
179.9
174.9
176.5

106.8
109.3
111.5
120.1
123.2
125.2
127.3
132.3
132.9
130.0
127.9
135.2

155.7
158.3
160.9
163.0
164.4

146.3
149.0
152.8
154.9
156.0

142.9
144.7
150.9
151.8
152.2

149.7
153.0
154.8
158.0
159.7

140.4
145.2
150.4
153.2
158.0

196.0
197.3
194.5
195.7
195.7

178.3
182.1
185.3
189.2
194.6

140.2
143.4
143.0
149.3
160.7

1964—Jan
Feb
Mar
|
Apr
May*

I

15. COMMON STOCK PRICE INDEXES: SECURITIES AND EXCHANGE COMMISSION — Continued
B. WEEKLY, 1939-MAY 1964
[1957-59= 100]
Manufacturing
Week ending—

Total

TransportaNondution
rable

Public
utility

Trade,
finance, Mining
and
service

Manufacturing
Week ending—

Total

Transportation

Public
utility

Trade,
finance, Mining
and
service

Total

Durable

28.3
27.8
27.5
26.1

22.8
22.3
22.0
20.8

24.5
23.9
23.3
21.6

21.3
20.9
20.8
20.1

37.0
36.3
34.7
32.2

52.9
53.2
53.8
52.4

30.1
29.7
29.6
28.0

32.0
31.6
31.4
29.9

1940—Jan. 6 . . .
13...
20...
27...

28.4
27.3
27.4
27.5

22.6
21.5
21.6
21.7

23.7
22.4
22.3
22.5

21.6
20.9
21.1
21.1

37.1
34.9
34.8
35.1

58.3
57.6
58.3
58.2

30.0
28.9
29.1
29.2

27.6
27.2
26.9
26.9

Feb. 4
11
18
25

27.3
27.2
27.5
27.8

21.8
21.9
21.9
22.1

23.1
23.3
23.4
23.8

20.6
20.6
20.6
20.6

34.3
30.3
34.6
35.3

54.5
54.7
55.1
55.4

29.7
29.6
30.0
30.5

30.5
30.3
30.6
30.7

Feb. 3 . . .
10...
17...
24...

27.3
27.9
27.9
27.6

21.6
22.1
22.1
21.8

22.3
23.0
23.0
22.6

20.9
21.3
21.4
21.1

34.9
35.9
35.9
35.2

58.4
58.5
58.5
58.5

29.2
29.7
29.6
29.4

26.5
26.5
26.6
26.3

Mar. 4
11........
18
25

28.3
28.7
26.6
26.7

22.5
22.7
21.0
21.1

24.3
24.5
22.2
22.1

20.8
21.2
20.1
20.2

37.3
37.4
33.3
33.7

56.0
58.5
54.4
54.8

30.7
31.3
29.2
29.0

31.6
32.1
30.3
30.3

25.0
23.0
24.6
24.5
24.4

19.6
17.9
19.3
19.2
19.1

20.3
18.1
19.8
19.5
19.4

19.1
17.8
19.0
19.0
18.9

30.9
27.1
29.7
29.2
29.1

53.0
50.8
52.7
53.1
53.3

27.7
25.3
27.4
26.8
27.0

28.9
27.2
28.5
28.6
28.6

27.5
27.9
27.3
27.6
28.0

21.7
22.0
21.6
21.9
22.1

22.5
22.8
22.1
22.6
22.9

21.1
21.3
21.1
21.2
21.5

35.3
36.2
34.9
35.8
36.7

58.3
59.0
58.1
58.2
58.5

29.4
29.7
29.4
29.8
29.9

25.4
25.3
25.1
25.3
25.5

Apr. 1
8
15
22
29

Mar. 2 . . .
9...
16...
23...
30...
Apr. 6 . . .
13...
20...
27...

28.7
28.2
27.8
27.8

22.7
22.3
22.0
22.0

23.7
23.2
22.6
22.5

21.8
21.6
21.4
21.5

38.3
36.9
36.4
36.2

59.6
58.9
58.9
58.6

30.6
30.0
29.5
29.4

26.2
25.7
25.3
25.1

May 6
13
20
27

25.1
25.1
24.9
25.8

19.6
19.6
19.3
20.1

20.1
20.0
19.7
20.8

19.3
19.2
19.0
19.5

30.3
30.6
30.2
31.7

54.0
54.9
54.9
56.0

27.9
28.4
28.2
29.7

29.2
29.6
29.0
29.7

May 4 . . .
11...
18...
25...

27.7
27.1
22.7
21.5

21.9
21.5
17.9
16.7

22.4
22.0
17.9
16.8

21.5
21.1
17.9
16.8

36.2
35.0
28.2
27.1

58.8
57.6
50.6
49.3

29.0
28.0
22.6
22.0

24.8
24.0
19.2
17.6

June 3
10
17
24

25.8
26.3
25.4
25.7

20.1
20.5
19.8
20.0

20.7
21.0
20.2
20.4

19.5
20.0
19.4
19.6

31.6
31.7
30.7
30.9

55.9
57.3
54.7
55.5

29.8
30.4
29.7
30.2

29.8
30.4
29.8
30.1

July 1
8
15
22
29

24.6
25.0
25.9
27.2
27.0

19.1
19.4
20.2
21.3
21.1

19.3
19.7
20.8
22.5
22.1

19.0
19.2
19.6
20.2
20.2

54.1
55.0
56.4
57.6
57.8

29.1
29.5
30.5
31.7
31.4

28.6
29.8
29.9
30.2
30.0

21.6
21.7
23.1
23.0
23.0

16.8
16.9
18.1
17.9
17.8

16.9
16.9
18.5
18.1
17.9

16.7
16.9
17.8
17.7
17.6

27.2
27.7
29.2
30.2
30.9

49.7
49.9
52.1
52.7
53.9

21.9
21.9
23.4
23.8
23.9

18.0
17.9
18.9
18.1
18.1

29.1
29.8
31.1
33.7
32.7

June 1 . . .
8...
15...
22...
29...
July 6 . . .
13...
20...
27...

23.0
23.0
23.0
23.1

17.8
17.8
17.8
17.8

17.9
17.8
17.9
18.1

17.7
17.7
17.7
17.6

31.0
30.6
30.7
30.9

54.0
53.8
53.9
53.8

23.9
23.9
24.2
24.2

18.4
18.3
18.2
17.9

Aug. 5
19
26

26.7
26.0
25.3
25.5

20.8
20.2
19.6
19.8

21.8
21.2
20.2
20.6

19.9
19.4
19.1
19.2

32.4
31.4
29.9
29.9

57.9
56.8
55.8
56.1

31.1
30.1
29.4
29.4

29.8
29.4
29.2
28.7

25.7
28.4
28.5
28.8
28.9

20.5
23.0
23.0
23.3
23.3

21.2
24.3
24.4
24.9
25.1

19.8
22.0
21.8
22.0
21.7

29.4
35.1
36.6
38.1
40.7

53.5
55.2
55.6
54.8
55.4

28.0
28.6
28.8
28.8
28.7

28.7
29.3
27.9
28.3
27.3

23.7
23.8
22.9
23.5
24.2

18.4
18.5
17.7
18.3
18.9

18.9
19.3
18.1
18.8
19.7

17.9
17.9
17.5
17.8
18.2

31.4
31.4
30.4
31.5
33.2

54.8
54.4
53.1
53.9
54.3

25.0
24.9
24.0
24.6
25.4

18.4
18.3
17.8
18.7
19.1

Sept. 2
9
16
23
30

Aug. 3 . . .
10...
17...
24...
31...
Sept. 7 . . .
14...
21...
28...

24.9
23.9
24.6
24.6

19.4
18.6
19.2
19.2

20.2
19.3
20.2
20.2

18.8
18.0
18.4
18.4

34.2
32.8
33.7
33.4

55.5
54.1
54.2
54.1

26.2
25.3
26.2
26.0

20.7
20.0
20.5
20.5

Oct. 7
14
21
28

28.2
28.3
29.0
29.0

22.7
22.7
23.3
23.1

24.1
24.3
25.0
24.8

21.3
21.4
21.7
21.7

38.4
38.3
39.6
39.3

55.3
55.7
56.8
57.2

28.9
29.1
30.1
30.6

28.4
27.7
28.0
28.4

Oct. 5 . . .
12...
19...
26...

24.9
24.4
24.7
24.9

19.5
19.1
19.2
19.5

20.6
20.2
20.6
21,0

18.5
18.0
18.0
18.2

34.7
34.0
34.4
34.2

54.4
53.6
54.8
54.3

26.4
25.8
26.0
25.9

20.9
20.4
20.6
21.0

Nov. 4
11
18
25

28.9
28.3
28.6
28.0

23.1

22.5
22.8
22.3

24.8
24.1
24.4
23.6

21.6
21.2
21.4
21.1

38.4
37.4
38.1
37.1

57.5
57.1
57.6
57.5

30.4
29.5
30.2
29.7

28.6
27.8
28,2
27.5

27.6
27.8
27.8
27.9
28.0

21.9
22.1
22.1
22.2
22.3

23.1
23.4
23.7
23.6
23.6

20.9
20.9
20.8
2L0
21.2

35.9
36.2
36.1
36.1
36.5

57.1
57.6
57.1
57.5
58.0

29.1
29.0
29.0
29.3
29.6

27.1
27.5
27.2
27.0
26.8

25.4
26.1
25.4
24.9
24.5

19.9
20.6
20.0
19.5
19.2

21.4
22.5
21.7
21.1
20.8

18.5
18.9
18.6
18.0
17.8

35.1
35.9
35.7
34.8
33.6

55.2
55.3
54.4
54.3
53.7

26.5
26.7
26.2
25.5
25.4

21.5
23.9
23.4
22.7
22.2

Dec. 2
9
16
23
30

Nov. 2 . . .
9...
16...
23...
30...
Dec. 7 . . .
14...
21...
28...

24.6
24.7
24.2
24.4

19.2
19.4
18.9
19.1

20.8
21.0
20.4
20.5

17.8
18.0
17.7
17.8

33.6
33.4
32.4
33.4

54.4
54.3
53.8
54.0

25.5
25.7
24.8
25.4

22.1
22.3
21.4
21.4

1939—Jan. 7
14
21
28

12




Total

Durable

Nondurable

15.

COMMON STOCK PRICE INDEXES: SECURITIES AND EXCHANGE COMMISSION — Continued
B. WEEKLY, 1939-MAY 1964—Continued
[1957-59 = 100]
Manufacturing

Total
Total

Durable

Nondurable

Transportation

Public
utility

Trade,
finance, Mining
and
service

Manufacturing
Week ending—

Total
Total

Durable

Nondurable

Transportation

Public
utility

Trade,
finance, Mining
and
service

1941 Jan 4
11
18
25

19.5
19.6
18.9
18.9

20.8
20.9
20.1
20.1

18.3
18.4
17.9
17.8

33.8
35.3
34.5
34.8

54.5
54.7
54.3
54.2

25.9
26.1
25.6
25.6

21.8
22.4
22.0
21.9

1943—Mar. 6
13.
20
27

25.4
25.5
25 1
26.1

20.3
20.4
20 0
20.9

20.7
20.8
20 4
21.4

20.1
20.0
19 7
20.4

40.4
40.9
40 0
41.6

47.3
46.8
46 1
47.1

26.2
26.7
26 5
27.8

23.6
23.2
22 9
24.9

Feb. 1
8
15
22

23.3
23.6
22.4
22.7

18.0
18.3
17.2
17.5

19.0
19.5
18.1
18.4

17.2
17.3
16.5
16.7

32.9
33.4
31.5
32.2

52.9
53.1
51.7
51.5

24.5
24.9
23.5
23.6

21.1
21.2
19.7
20.2

Apr 3
10
17.
24

26 5
25.7
26.3
26.4

21.1
20.5
20.9
21.0

21 6
20.9
21.2
21.3

20.7
20.1
20.7
20.7

43 7
42.5
43.6
44.2

47 9
46.8
48.1
48.8

28 5
27.6
28.5
28.4

25.5
24.6
25.0
25.1

Mar. 1
8
15
22
29

22.9
23.0
23.3
22.9
23.1

17.8
17.8
18.0
17.8
17.8

18.8
18.8
19.1
18.7
18.7

16.9
16.9
17.1
17.0
17.1

32.6
32.6
33.0
32.4
33.4

52.2
52.4
52.5
52.2
52.1

23.9
24.1
24.1
24.0
23.9

20.2
20.1
20.6
20.7
20.5

May 1..
8
15
22.
29

26.9
27 5
27.1
27.5
28 1

21.3
21.8
21.5
21.7
22.2

21.6
22.1
21.7
22.1
22.4

21.0
21.6
21.3
21.5
22.1

45.0
46 1
45.0
45.7
46 5

50.1
51.0
50.6
51.1
51.7

29.0
29 7
29.4
30.0
31 2

24.9
25.2
24.8
24.7
25.6

Apr. 5
12
19
26

©

24.9
25.1
24.4
24.3

23.5
22.3
21.9
22.0

18.2
17.2
16.9
17.0

18.9
17.8
17.1
17.3

17.6
16.8
16.7
16.7

34.4
32.2
31.8
32.8

51.9
50.6
50.2
49.7

24.3
23 A
22.9
22.7

21.2
20.3
19.7
20.1

June 5
12
19
26

28.4
28.0
27.6
28.3

22.6
22.2
21.9
22.5

22.9
22.5
22.1
22.8

22.3
21.9
21.8
22.2

46.0
44.5
43.8
45.1

52.0
51.9
50.8
51.5

31.5
31.3
31.0
32.1

25.7
25.1
24.7
25.1

May 3.
10
17
24
31

21.9
22.4
22.0
22.1
22.0

17.0
17.4
17.1
17.3
17.1

17.1
17.8
17.2
17.4
17.3

16.9
17.2
17.1
17.2
17.0

32.7
33.6
31.8
31.9
31.8

48.4
48.4
47.9
47.9
47.9

22.6
23.0
23.1
23.1
22.9

20.2
20.8
20.6
20.7
20.6

July 3.
10
17
24.
31

28.5
28.7
29.0
28.9
27.0

22.6
22.7
22.9
22.7
21.2

23.0
22.9
23.1
22.8
21.0

22.3
22.5
22.8
22.8
21.4

46.0
46.6
47.5
47.8
43.0

52.3
52.9
53.5
53.7
52.0

32.6
32 7
32.9
33.0
30 9

25.3
25.1
26.3
25.8
24.6

June 7
14
21
28

22.6
23.0
22.9
23.2

17.6
18.0
17.9
18.2

17.7
18.2
18.2
18.3

17.5
17.8
17.7
18.1

32.0
32.6
32.0
32.7

50.1
50.1
49.7
49.8

23.2
23.9
23.9
24.0

20.8
21A
21.3
21.3

Aug. 7
8
i4..:......
21
28

26.9
27.4
27.1
27.2

21.2
21.6
21.3
21 3

. 20.9
21.3
21.0
21 1

21A
21.8
21.6
21.5

42.6
44.0
, 42.8
43.3

51.5
52.1
52.1
52.3

30.6
31.6
31.5
31 5

24.1
24.8
24.6
25.3

July 5
12
19
26

23.4
23.9
24.0
24.2

18.3
19.0
19.0
19.2

18.3
19.1
19.0
19.1

18.3
19.0
19.0
19.3

32.8
33.8
33.5
34.3

50.3
50.3
50.0
49.7

24.1
24.7
24.8
24.9

21.6
23.0
22.3
22.6

Sept 4
ii::::..:::
18
25

27.5
27.7
28.2
28.0

21.6
21.6
22.1
22.0

21.3
21.5
22.1
21.9

21.8
21.9
22.2
22.2

43.6
43.7
45.3
44.4

53.0
53.3
•53.1
53.1

31.8
32.5
33.2
32.6

25.6
25.9
26.3
26.5

Aug 2
9
16
23
30

24.2
23.9
23.6
23.8
24.1

19.1
18.9
18.6
18.8
19.0

19.1
18.8
18.5
18.7
19.0

19.2
19.0
18.7
18.8
19.0

34.7
33.9
33.8
34.1
34.2

49.8
49.3
48.8
49.2
49.8

24.8
24.6
24.6
25.1
25.5

22.7
22.4
21.8
21.7
21.9

Oct 2.
9
16
23
30

27.9
27.2
27.4
27.5
27.5

'22.0
21.4
21.5
21.5
21.6

21.8
21.2
21.4
21 5
21.5

22.1
21.5
21.6
21.6
21.7

44.4
43.7
44.1
44 0
44.1

53.0
52.4
52.7
53.0
53.3

32.4
30 9
31.1
31 2
31.7

26.7
25.5
25.4
25.5
25.3

Sept. 6
13
20
27

24.0
24.0
24.0
23.7

18.9
19.0
18.9
18.7

19.0
19.0
19.0
18.7

19.0
19.0
18.9
18.7

33.7
33.5
33.2
33.0

49.7
49 A
49.5
49.2

25.6
25.7
25.8
25.4

22.0
22.3
22.2
21.6

Nov. 6
13
20
27.

'26.8
26.2
26.5
26.0

21.0
20.5
20.7
20.3

20.8
20.2
20.5
20.0

21.3
20.8
20.9
20.7

41.8
41.0
41.2
39.6

52.4
51.8
52.3
51.4

30.9
29.9
30.5
29.7

25.2
23.6
24.4
24.0

Oct 4
11
18
25

23.7
23.1
22 8
23.0

18.7
18.2
17 9
18.1

18.6
17.9
17 7
17.7

18.8
18.4
18 1
18.5

33.5
32.9
32 2
32.7

49.2
48.5
48 1
48.1

25.5
24.8
24 5
24.5

21.5
21.2
20 8
20.8

Dec 4
11
18
25

26.2
26.9
27 0
26.9

20.5
21.1
21 2
21.2

20.3
20.9
21 1
21.1

20.7
21.3
21 4
21.3

40.0
41.4
41 4
41.4

51.9
52.5
51 9
52.1

30.6
31.3
31 4
31.5

24.1
25.4
25 4
25.2

Nov 1
g
15
22
29

22.5
22 6
22 2
22 3
21.7

17.7
17 8
17 5
17 6
17.1

17.3
17 3
16 8
17 0
16.3

18.2
18 4
18.2
18 2
17.9 .

32.2
32 0
31.3
32 0
30.7

47.1
46 9
46.3
46 7
45.1

24.2
23 8
23.3
23 4
22.9

19.7
19 8
19.4
19 5
18.8

Jan 1
8
15
22
29

27.1
27 5
27 6
27 6
27.4

21.2
21 6
21.7
21 6
21.4

21.2
21 7
21.9
21 8
21.5

21.3
21 6
21 6
21 6
21.4

41.7
42 6 43.5
44 4
43.7

52.4
52 6
52.6
52 5
52.9

31.7
32 1
32.1
32 2
31.9

25.5
25 8
26.6
26 3
25.9

Dec 6
13
20
27

22 3
20.7
20 2
20.0

17.6
16.6
16 3
16^2

16.8
15.8
15 5
15^6

18.3
17.4
17 1
16.8

30.9
27.9
27 5
27.1

46.7
41.6
39 1
37.9

23 A
21.3
20 3
20.2

19.1
17.9
16 9
16.9

Feb. 5
12
19
26

27.0
27.2
27 3
27.5

21.1
21.3
21 3
21.4

21.2
21.4
21 4
21.7

21.1
21.2
21 2
21.2

43.7
44.8
46 0
46.6

52.6
52.9
53 0
53.5

31.4
31.3
31 4
32.0

24.5
25.5
25 4
25.6




1944

27.6
28.2
28.4
28.1

21.5
2"2.0
22.2
22.0

21.7
22.4
22.6
22.3

21.3
21.7
21.9
21.7

45.6
46.3
47.3
46.8

53.5
53.7
53.6
53.4

32.2
32.9
33.3
32.9

25.6
26.0
26.3
26.1

Apr. 1.
8.
15.
22.
29.

27.9
28.0
27.8
27.4
27.5

21.8
21.9
21.7
21.3
21.5

22.1
22.2
22.0
21.7
21.8

21.6
21.6
21.4
21.1
21.4

46.2
46.2
46.2
45.0
45.2

53.3
53.5
53.4
53.2
52.8

32.5
32.5
32.5
31.7
32.1

25.8
26.5
26.3
26.2
26.0

16.7
16.7
15.3
15.1

20.
27.

27.9
27.8
28.1
28.4

21.9
21.7
22.0
22.3

22.2
22.0
22.3
22.6

21.6
21.5
21.8
22.0

45.6
45.3
46.2
46.4

53.1
53.0
53.6
54.0

32.4
32.2
32.5
32.8

26.3
26.1
26.5
26.9

19.1
19.0
18.3
17.9

15.6
15.3
14.8
14.8

June 3.
10.
17.
24.

28.6
28.7
29.9
29.9

22.5
22.6
23.6
23.6

22.8
23.0
24.4
24.5

22.2
22.2
23.0
22.8

46.4
45.6
48.0
48.4

54.3
54.5
54.9
55.2

33.5
33.6
34.9
35.1

27.2
27.3
27.9
28.7

35.8
35.4
36.5
37.0
36.9

17.8
18.4
18.8
19.4
20.0

15.3
15.7
15.7
16.3
16.2

July 1.
8.
15.
22.
29.

30.1
30.7
30.7
29.5
29.6

23.7
24.2
24.2
23.2
23.2

24.7
25.2
25.2
23.7
23.8

22.9
23.3
23.4
22.7
22.7

48.4
49.6
50.0
47.9
48.4

56.2
56.5
56.0
55.2
56.0

35.3
35.6
35.8
34.5
35.0

29.1
30.3
30.1
28.7
28.8

27.5
27.3
27.2
27.4

38.4
37.7
37.0
36.1

20.7
20.4
20.5
20.2

17.2
17.3
17.6
17.3

Aug. 5.
12.
19.
26.

29.4
29.8
30.3
29.8

23.0
23.4
23.8
23.4

23.8
24.3
24.8
24.3

22.4
22.6
23.0
22.6

47.7
48.7
48.9
47.8

56.0
56.1
56.4
56.3

34.8
35.2
35.9
35.5

28.2
28.9
29.5
28.8

15.1
15.9
15.7
15.7

28.5
29.5
29.3
29.8

36.7
37.2
37.1
37.1

20.6
21.2
21.2
21.3

17.2
18.4
18.0
17.8

Sept. 2.
9.
16.
23.
30.

15.4
15.4
15.6
15.8
15.7

30.0
29.6
30.3
31.4
30.8

21.4
20.9
21.4
21.6
21.5

24.5
23.6
23.7
24.1
24.4

22.5
21.7
21.8
22.2
22.3

48.0
46.1
46.1
46.7
47.8

56.5
55.1
55.5
55.7
55.9

35.9
34.9
34.9
35.4
36.1

37.0
37.1
37.3
37.9
37.6

23.4
22.6
22.7
23.1
23.3

28.9
27.7
27.2
27.4
27.7

16.2
16.0
16.3
16.4
16.2

17.6
17.6
17.4
17.7
17.7

29.9
28.9
29.0
29.4
29.7

Oct. 7.
14.
21.
28.

30.2
30.2
30.2
29.7

23.7
23.6
23.7
23.2

24.8
24.8
24.8
24.1

22.7
22.7
22.7
22.5

48.9
48.8
49.3
48.6

56.3
56.5
56.4
56.4

37.1
36.8
36.6
36.1

28.2
28.1
27.7
27.3

15.9
15.8
16.0
16.3

16.2
16.1
16.3
16.7

15.6
15.5
15.7
16.0

30.9
30.7
31.1
32.0

38.1
38.0
37.7
38.1

21.5
21.4
21.3
21.8

17.6
17.6
17.9
18.2

Nov. 4.
11.
18.
25.

30.0
30.2
29.6
29.8

23.4
23.6
23.1
23.2

24.4
24.6
23.9
24.0

22.7
22.8
22.4
22.5

49.2
49.8
48.8
49.4

56.6
56.5
56.1
56.3

36.6
36.8
36.6
36.7

27.2
27.5
27.0
28.2

20.9
21.5
21.4
22.0
21.7

16.7
17.3
17.2
17.7
17.3

17.2
17.8
17.6
18.3
17.7

16.3
16.9
16.9
17.2
17.1

33.8
34.6
34.0
34.5
35.2

38.2
41.2
40.1
41.1
41.1

21.9
22.1
21.7
22.0
22.0

17.5
17.2
17.2
18.5
18.1

Dec. 2.
9.
16.
23.
30.

30.0
30.7
30.9
30.6
30.9

23.3
23.9
24.0
23.7
24.0

24.2
25.0
25.2
24.8
25.0

22.5
23.0
23.1
22.9
23.2

50.9
52.9
54.4
54.8
55.0

56.6
56.8
56.8
56.7
56.6

37.0
37.8
38.1
37.5
37.8

27.5
28.1
28.4
28.0
28.8

Nov. 7
14
21
28

22.2
22.0
21.9
21.6

17.7
17.5
17.4
17.2

18.2
17.9
17.7
17.2

17.4
17.3
17.2
17.2

35.5
34.9
34.0
33.4

42.2
42.2
42.3
41.8

22.8
22.9
22.8
23.0

18.5
18.5
19.2
19.0

1945—Jan. 6.
13.
20.
27.

31.3
31.8
31.2
31.5

24.4
24.8
24.4
24.7

25.4
25.8
25.2
25.6

23.5
23.9
23.7
23.9

56.7
57.7
54.7
55.0

57.0
57.2
57.0
56.8

37.8
37.6
37.1
37.8

29.6
30.5
30.1
31.1

Dec. 5
12
19
26

21.7
21.8
22.3
22.5

17.3
17.4
17.9
18.1

17.3
17.4
18.0
18.1

17.4
17.4
17.9
18.3

33.1
32.3
33.7
33.7

41.6
42.0
41.2
41.2

23.1
22.9
23.5
23.6

18.7
18.7
19.0
20.1

Feb. 3.
10.
17.
24.

31.8
32.0
32.6
32.8

24.9
25.1
25.6
25.8

26.0
26.3
26.6
26.9

24.0
24.2
24.7
24.8

55.3
55.5
58.3
58.2

57.0
57.5
57.9
57.8

38.1
38.1
38.8
38.8

31.6
31.5
32.1
32.8

1943—Jan. 2
9
16
23
30

22.7
22.9
23.3
23.5
24.0

18.2
18.3
18.7
18.9
19.4

18.2
18.4
18.8
19.0
19.5

18.3
18.3
18.6
18.8
19.3

34.3
34.8
35.7
35.9
36.1

42.0
43.7
44.0
43.4
44.2

23.6
23.5
24.1
24.3
25.1

20.1
20.1
20.9
20.9
22.0

Mar. 3.
10.
17.
24.
31.

33.1
32.3
32.8
31.8
31.8

26.0
25.4
25.7
24.8
24.9

27.2
26.4
26.7
25.8
25.9

25.0
24.6
24.9
24.0
24.0

58.6
56.4
58.7
56.4
56.4

58.0
58.0
58.0
57.5
57.3

39.3
38.5
39.2
38.1
38.2

33.0
31.9
32.3
31.0
31.6

Feb. 6
13
20
27

24.2
24.6
24.7
25.3

19.5
19.8
19.9
20.2

19.6
20.0
20.1
20.5

19.4
19.7
19.7
20.0

36.0
36.3
37.0
39.6

44.0
45.2
46.2
47.6

25.4
25.8
25.5
25.9

21.8
22.2
22.2
23.0

Apr

32.2
33.0
33.7
34.2

25.2
25.8
26.5
26.8

26.2
27.0
27.7
28.1

24.3
24.8
25.5
25.8

57.2
58.8
60.4
63.1

57.7
58.6
59.1
59.5

38.7
39.6
40.5
40.8

31.6
32.3
32.1
32.5

1942—Jan. 3
10
17
24
31

21.2
20.6
20.8
20.7
20.6

16.9
16.4
16.6
16.5
16.3

16.7
16.4
16.7
16.5
16.4

17.1
16.5
16.6
16.4
16.3

30.5
31.1
31.8
32.5
32.1

42.0
40.4
40.5
40.2
40.5

21.9
21.2
21.5
21.1
21.0

17.8
18.0
18.7
18.6
18.9

Feb. 7
14
21
28

20.6
20.2
19.8
20.0

16.3
16.0
15.6
15.8

16.5
16.2
16.2
16.4

16.2
15.8
15.1
15.3

32.6
31.4
31.2
31.3

40.7
39.9
40.1
40.2

21.3
20.6
20.3
20.5

18.7
18.1
18.0
18.1

Mar. 7
14
21
28

19.2
18.7
18.9
18.6

15.2
14.8
15.0
14.9

15.9
15.7
16.0
15.8

14.6
14.0
14.2
14.0

29.8
29.1
29.2
28.1

38.2
37.4
37.2
36.5

19.7
19.1
19.3
19.0

18
25

18.8
18.6
18.1
17.6

15.0
14.8
14.4
14.0

16.0
15.6
15.1
14.8

14.2
14.1
13.9
13.4

28.2
28.4
27.1
26.8

36.9
36.4
35.8
34.7

May 2
9
16
23
30

18.0
18.4
18.4
18.5
18.8

14.3
14.7
14.6
14.7
15.0

15.0
15.3
15.2
15.2
15.5

13.8
14.2
14.1
14.3
14.5

27.9
27.9
27.6
27.4
27.9

June 6
13
20
27

19.4
19.3
19.3
19.1

15.5
15.4
15.5
15.3

16.0
15.9
15.9
15.7

15.0
15.0
15.1
14.9

July 4
11
18
25

19.4
20.2
20.0
19.9

15.6
16.3
16.1
15.9

16.1
16.7
16.6
16.3

Aug. 1
8
15
22
29

19.8
19.6
19.9
20.2
20.0

15.8
15.7
15.9
16.1
15.9

19
26

20.0
19.8
20.0
20.5

Oct. 3
10
17
24
31

Apr

-,f::::::::

Sept

,l::::::::




1944—Mar. 4.
11.
18.
25.

-il:
21.
28.

15. COMMON STOCK PRICE INDEXES: SECURITIES AND EXCHANGE COMMISSION — Continued
B. WEEKLY, 1939-MAY 1964 —Continued
[1957-59 = 100]
Manufacturing
Week ending—

Total

TransportaNondution
rable

Public
utility

Trade,
finance, Mining
and
service

Manufacturing
Week ending—

Trade,
finance, Mining
and
service

Transportation

Public
utility

30.5
30.8
30.9
31.3

50.0
51.7
52.3
54.0

58.4
58.4
58.1
58.5

50.2
51.4
51.2
52.0

34.8
36.4
36.0
36.8

27.4
26.6
27.1
26.9
26.6

30.8
30.4
30.4
30.2
30.0

51.8
50.0
51.0
50.2
50.0

58.1
57.4
57.8
57.8
58.1

50.8
48.9
49.6
48.7
48.1

35.8
34.8
35.6
35.4
35.4

28.0
27.9
28.4
27.7

26.2
26 0
26.6
26.0

29.7
29 6
29.9
29.2

49.1
48 4
49.1
48.2

58.2
58 1
58.1
57.6

47.0
46 7
46.9
45.8

34.8
34.4
34.7
34.1

35.4
35.5
36.3
35.9

28.6
28.7
29.4
29.1

27.1
27,3
28.1
27.7

29.9
30.0
30.6
30.4

49.9
49.4
50.9
49.9

57.9
57.6
58.0
57.6

47.0
46.9
48.6
48.1

34.6
34.7
35.6
35.4

Total

Total

Durable

34.6
34.1
34.4
34.4

27.2
26.8
27.0
26.8

28.5
28.1
28.4
28.2

26.1
25.7
25.8
25.6

63.1
62.2
62.8
64.0

59.9
59.9
60.3
60.5

41.4
40.5
41.8
42.8

32.7
32.7
32.7
32.0

June 2
9
16
23
30

34.8
34.6
34.9
35.2
34.6

27.0
26.8
27.0
27.3
26.7

28.5
28.3
28.6
28.8
28.2

25.7
25.5
25.7
25.9
25.4

65.4
65.2
66.6
67.8
67.5

61.8
61.7
62.0
63.0
62.8

43.5
43.3
43.2
42.8
41.9

32.1
32.4
32.8
34.0
33.0

Aug 2
9 ... .
16
23
30

July 7
14
21
28

34.4
34.7
33.8
33.4

26.5
26.7
26.0
25.7

27.9
28.3
27.4
27.1

25.3
25.4
24.9
24.5

66.1
66.4
63.7
62.5

63.5
64 3
63.5
62.9

41.9
42 0
41.5
40.8

32.7
32 8
31.7
31.1

Sept. 6
13
20
27.

Aug. 4
11.:.:...:
18
25

34.0
34.1
33.9
34.8

26.1
26.4
26.3
27.1

27.6
27.9
27.8
29.0

24.9
25.1
25.0
25.4

63.5
62.6
60.0
61.8

63.6
63.4
63.0
63.5

41.8
42 2
42.1
43.7

31.5
31.3
30.9
31.2

Oct 4
11.
18
25

Sept. 1
8
15
22
29.

35.8
36.4
36.0
36.8
37.4

28.1
28.5
28.1
27.8
29.2

30.1
30.4
29.7
30.7
31.2

26.3
26.8
26.8
27.2
27.5

63.3
63.3
63.8
65.0
67.6

64.4
64.9
64.7
65.2
65.6

44.9
45.6
44 9
46.2
47.2

32.3
32.2
31.8
33.2
33.5

Nov 1
8
15
22
29

35.7
35.4
35.1
35.3
34.6

29.0
28.8
28.6
28.9
28.3

27.7
27.4
27.1
27.5
26.8

30.3
30.1
30.0
30.1
29.6

48.9
47.9
47.4
48.6
46.9

56.8
56.3
55.3
55.2
54.3

47.9
47.1
46.9
46.9
45.9

34.8
35.1
34.9
35.4
34.3

Oct. 6
13
20
27

38.1
38.6
38.6
38.4

29.9
30.1
30.2
29.8

31.4
31.6
31.6
31.2

28.5
28.8
29.0
28.7

69.0
69.7
69.2
69.5

65.6
66.1
66 7
67.1

48.0
48.3
48 8
50.1

34.0
34.5
36.3
35.7

Dec. 6
13
20
27

33.8
34.8
35.5
35.1

27.6
28.5
29.0
28.7

26 A
27.1
27.5
27.1

28.9
29.7
30.4
30.1

45.8
48.1
50.6
50.2

54.0
54.0
54.0
53.7

44.7
45.3
46.1
45.4

33.7

Nov. 3
10
17
24

39.2
39.7
40.0
38.8

30.4
30.7
30.9
30.0

31.6
31.9
32.2
31.1

29.3
29.7
29.8
29.1

72.4
72.4
74.3
72.2

68.3
70.0
70.2
67.9

51.6
52.3
52.5
51.3

36.7
37.9
39.2
38.3

.

Dec. 1
8
15
22
29

40.3
41.2
40.6
40.1
40.5

31.1
32.0
31.5
31.1
31.4

32.6
33.8
33.0
32.6
32.8

29.8
30.4
30.2
29.8
30.2

75.8
76.8
76.4
75.0
74.8

69.4
69.5
69.3
68 0
68.7

53 9
56.0
54.3
54.1
54.6

40 2
40.4
39.7
39.5
39.4

35.7
35.4
34.5
33.4
34.1

29.1
28.8
28.0
27.0
27.6

27.5
27.5
26.8
25.7
26.3

30.5
30.1
29.1
28.1
28.8

52.9
51.6
50.2
49.3
50.9

54.7
55.1
54.8
54.4
54.4

45.6
45.1
43.8
42.5
43.4

38.3
39.6
37.7
36.4
37.6

Feb 7.
14
21
28

...

33.1
32.1
32.3
32.4

26.8
25.9
26.0
26.1

25.4
24.5
24 5
24.7

27.9
27.1
27 4
27.3

49.3
47.8
47.9
48.4

54.0
53.0
53.2
53.4

42.2
40.8
41.2
41.3

36.0
35.2
35.7
35.7

1946—Jan. 5
12
19
26

40.2
41.8
41.9
41.9

31.1
32.5
32.4
32.3

32.5
34.0
34.1
34.1

30.0
31.2
30.9
30.6

74.6
77.0
78.3
78.2

68.7
69.9
70.3
70.5

55.2
58.3
59 3
60.8

38.8
40.2
39.9
40.0

Mar 6
13
20
27

32.8
32.6
33.9
34.0

26.4
26.3
27.5
27.6

25.0
24.8
26.3
26.3

27.7
27.6
28.5
28.7

48.8
49.3
51 0
50.9

53.8
53.4
53 9
53.9

42.2
42.0
42.9
43.4

37.2
36.8
38.3
38.6

Feb. 2
9
16
23

43.2
42.4
42.8
41.1

33.5
32.8
33.1
31.7

35.8
35.1
35.6
33.7

31.4
30.8
30.9
30.0

79.8
77.6
79.7
74.8

71.3
70.2
70.7
69.6

63.2
61.9
63.4
60.8

41.3
40.2
40.4
38.9

Apr 3
10
17. ..
24

34.9
35.3
35.6
36.3

28.4
28.7
28.9
29.4

27.1
27.3
27.6
28.1

29.5
29.9
30.1
30.6

52.6
53.4
53.8
56.2

54.2
54.5
54.9
55.7

45.7
46.1
46.3
47.2

40.0
40.2
41.0
42.2

Mar. 2
9
16
23
30

39.8
40.8
40.6
41.4
42.1

30.6
31.3
31.2
31.9
32.4

32.1
32.8
32.4
32.8
33.1

29.3
30.1
30.2
31.1
31.9

72.4
73.8
74.1
74.9
75.2

68.1
69.4
69.2
69.1
69.6

59.0
61.4
61.0
63.3
65.7

38.0
38.6
37.4
38.9
39.5

May 1
8.
15
22
29

35.8
36.4
38.0
38.4
38.5

29.0
29.5
30.9
31.2
31.4

27.2
27.7
29.5
29.7
30.2

30.6
31.1
32.1
32.5
32.5

54.4
55.1
58.8
58.7
58.0

55.2
55.9
57.3
57.9
57.4

47.0
47.6
50.7
51.0
51.1

42.9
43.2
43.7
45.1
44.3

Apr. 6

43.1
43.3
43.9
43.5

33.3
33.5
34.0
33.6

33.9
33.9
34.2
33.7

32.8
33.2
33.9
33.7

75.5
74.4
75.7
74.4

70.4
70.3
70.7
70.8

67.9
68.5
69.3
69.8

40.0
39.7
40.9
40.3

June 5
12
19
26

38.3
38.9
38.8
38.4

31.4
32.0
31.9
31.5

30.1
30.6
30.2
30.0

32.5
33.3
33 4
32.8

56.5
58.4
57.9
58.3

57.3
57.3
57.1
57.0

50.0
49.8
49.1
49.7

43.3
43.7
43.5
43.2

1945_May 5
12::......
19 . . . .
26


20
http://fraser.stlouisfed.org/
27
Federal Reserve Bank of St. Louis

Total
1947_j u ly 5
19
26. ..

1948—Jan

3.
10
17
24
31

..
.

...

..

Durable

Nondurable

35.9
36.5
36.4
37.0

29.1
29.3
29.3
29.7

26.9
27.6
27.5
28.0

36.3
35.5
35.8
, 35.5
35.3

29.2
28.6
28.8
28.6
28.4

34.9
34 7
35.2
34.4

37 6
38.3

38.5
38.6
37.3
37.2
36.3

31.6
31.8
30.6
30.6
29.8

30.0
30.2
29.1
29.2
28.4

33.0
33.1
31.9
31.9
31.0

58.1
58.7
56.6
56.0
54.6

57.2
57.3
56.3
56.2
55.7

49.4
49.3
47.2
46.6
45.2

43.4
43.1
41.3
41.1
39.5

21.
28.

36.8
35.9
36.7
36.5

30.2
29.4
30.1
29.9

28.9
28.0
28.9
28.8

31.4
30.7
31.1
30.8

55.5
53.6
55.4
56.2

55.7
54.9
55.5
55.7

45.9
45.2
46.7
47.1

39.7
39.0
39.3
38.1

39.1
39.3
38.4
37.4

Sept. 4.
11.
18.
25.

36.9
35.9
35.6
35.3

30.1
29.3
29.0
28.8

29.1
28.4
28.2
27.8

31.0
30.0
29.8
29.6

57.3
55.0
55.0
54.2

56.2
55.7
55.2
54.9

47.5
46.4
46.1
45.7

38.8
37.2
36.6
37.0

61.9
61.9
60.8
61.2
58.3

38.7
38.8
38.1
37.4
35.4

Oct. 2.
9.
16.
23.
30.

35.6
35.8
36.2
37.3
37.0

29.0
29.4
29.9
30.9
30.5

28.0
28.3
28.9
30.0
29.6

29.9
30.3
30.7
31.6
31.3

54.7
54.7
54.6
56.9
56.0

54.8
54.8
55.2
55.7
55.8

46.4
46.4
46.8
47.9
47.7

37.5
38.3
38.8
39.6
39.0

63.7
63.2
61.1
61.8

55.8
54.3
52.9
54.2

33.5
31.8
30.3
31.9

Nov. 6.
13.
20.
27.

34.9
34.0
34.5
33.6

28.5
27.8
28.1
27.3

27.3
26.7
27.0
26.1

29.5
28.6
29.1
28.4

52.0
49.5
50.5
48.8

54.0
53.6
53.9
53.3

46.5
44.7
45.7
44.6

35.7
34.3
34.7
33.6

53.4
53.2
54.2
53.8

60.6
58.4
61.3
60.3

52.7
52.4
52.9
51.7

30.1
30.4
31.8
30.8

Dec. 4.
11.
18.
25.

34.3
34.4
34.1
34.3

28.0
28.1
27.9
28.1

26.7
26.7
26.5
26.7

29.1
29.3
29.0
29.3

49.8
50.3
49.2
49.6

53.5
53.5
53.1
53.2

45.4
45.7
45.1
45.4

35.2
35.8
36.0
36.2

29.1
28.7
28.3
27.6
28.5

57.6
56.4
54.5
53.1
54.3

60.7
59.8
58.9
58.1
59.8

53.7
52.2
50.9
48.8
49.6

31.8
31.7
30.8
30.3
31.0

1949—Jan. 1.
8.
15.
22.
29.

34.1
35.0
34.4
34.8
34.2

28.0
28.7
28.1
28.6
27.9

26.5
27.4
26.7
27.1
26.7

29.2
29.8
29.4
29.8
29.0

49.0
50.7
49.4
50.3
49.1

53.2
54.0
52.9
53.3
53.4

44.9
46.2
45.5
46.1
45.2

35.4
37.1
37.4
37.7
36.2

25.6
26.4
27.2
26.7

28.7
29.5
29.8
29.6

55.9
57.1
57.8
56.1

59.4
60.8
60.9
60.9

50.8
51.7
51.6
50.5

31.2
31.6
32.9
32.2

Feb. 5.
12.
19.
26.

33.3
32.7
33.2
32.6

27.1
26.6
27.0
26.4

25.9
25.4
25.6
24.9

28.2
27.7
28.3
27.8

47.4
46.1
46.4
45.1

53.4
53.0
53.5
53.3

44.5
43.3
44.1
43.7

34.5
34.8
35.1
34.4

28.2
27.7
28.0
28.0

26.8
26.4
26.8
27.1

29.6
29.0
29.1
28.9

55.6
52.7
54.2
54.0

62.2
62.0
62.2
62.4

50.9
49.1
49.7
49.4

32.4
31.7
32.2
33.0

Mar. 5.
12.
19.
26.

33.3
33.9
33.5
33.5

27.1
27.7
27.4
27.3

25.6
26.2
25.7
25.6

28.5
29.0
28.9
28.8

46.0
46.9
45.6
46.3

53.8
54.0
53.5
53.7

44.1
44.7
45.1
45.2

35.7
37.2
36.1
36.1

36.7
37.6
36.9
36.7

28.9
29.7
29.2
29.0

28.3
29.4
28.7
28.4

29.5
30.2
29.7
29.5

56.2
58.1
56.6
56.4

63.0
62.9
62.7
62.5

51.1
52.8
51.4
51.3

33.4
34.6
33.8
33.7

Apr. 2.
9.
16.
23.
30.

35.9
35.0
34.2
35.2
35.5

28.3
27.6
27.0
27.9
28.1

27.6
26.9
26.3
27.1
27.3

29.0
28.3
27.7
28.7
28.9

54.4
52.7
51.3
51.5
52.5

61.9
60.9
59.8
60.5
60.5

49.6
48.3
47.0
48.3
48.6

33.5
32.8
32.4
34.1
34.7

27.5
27.5
27.5
26.9
27.0

25.8
25.5
25.4
24.7
24.8

28.9
29.2
29.3
28.8
28.8

46.8
47.4
46.6
45.6
45.3

53.9
54.0
54.0
53.5
53.6

45.9
45.9
45.5
45.1
45.1

38.4
38.9
39.4
38.6
37.7

Mar. 1..
8. .
15..
22...
29. .

33.8
33.8
33.8
33.1
33.2

May

27.3
27.2
26.8
26.4

25.1
25.0
24.6
24 A

29.2
29.0
28.5
28.5

45.6
46.6
45.7
45.0

53.2
53.4
52.9
52.8

46.0
46.4
46.0
45.6

38.4
38.8
37.6
37.0

Apr.5;.
19..
26..

35.0
33.8
33.1
33.4

27.8
26.7
26.2
26.6

26.9
25.7
25.2
25.3

28.6
27.8
27.2
27.7

51.8
49.7
48.5
48.5

60.1
59.1
58.8
58.8

48.0
46.3
44.4
43.8

34.0
33.0
31.5
32.8

21.
28.
June 4.
11.
18.
25.

33.5
33.5
33.1
32.7
31.7
31.2
31.2
31.9

25.7
25.1
25.2
25.8

23.4
22.9
23.0
23.5

27.6
27.0
27.1
27.7

43.0
42.0
42.0
43.1

52.3
52.3
51.5
51.8

44.0
43.6
43.8
45.0

36.1
35.6
35.3
35.9

May 3 . .
10..
17..
24..
31..

34.2
33.7
31.6
32.7
33.3

27.2
26.7
25.1
26.0
26.5

26.2
25.4
23.6
24.6
25.0

28.2
28.0
26.5
27.2
27.9

49.2
47.9
44.1
45.7
47.0

59.5
59.2
56.8
57.9
58.3

45.2
44.9
42.1
43.9
44.8

33.5
33.1
31.8
32.3
33.1

July 2.
9.
16.
23.
30.

32.1
32.6
33.1
33.4
33.6

26.0
26.5
27.0
27.2
27.4

23.9
24.3
24.8
25.0
25.4

27.9
28.3
28.9
29.1
29.2

42.9
42.6
43.7
44.2
44.2

52.2
52.6
52.8
53.0
53.4

45.8
46.3
46.7
47.5
47.8

34.8
35.5
35.9
36.1
36.1

June 7 . .
14..
21
28..

33.4
34.5
34.9
34.8

26.6
27.6
28.0
28.0

24.9
25.8
26.3
26.0

28.2
29.3
29.6
29.8

46 A
47.7
48.3
48.4

58.2
57.6
56.8
57.2

45.1
47.7
48.3
48.2

33.1
34.8
34.7
34.5

Au8

34.3
34.4
34.7
34.3

28.0
28.1
28.4
28.0

25.8
25.7
25.8
25.4

29.9
30.1
30.6
30.2

45.3
46.0
45.6
44.6

54.4
54.8
55.0
54.6

48.6
48.4
48.8
48.4

37.0
37.9
38.5
38.1

1946—May 4 . . .

43.1
44.2
43.6
44.3

33.2
34.3
33.8
34.3

32.9
34.1
33.4
34.0

33.6
34.5
34.2
34.6

73.0
74.5
73.4
75.3

70.5
70.8
71.1
71.5

69.3
71.9
70.2
70.2

39.2
39.8
40.3
40.5

45.1
44.4
44.3
42.8
43.3

35.0
34.5
34.4
33.3
33.7

35.1
34.4
34.3
33.3
33.7

35.1
34.7
34.6
33.3
33.8

77.4
75.4
77.6
75.7
75.2

72.4
72.3
71.7
71.3
71.3

70.0
67.9
66.9
62.3
63.2

41.5
40.8
40.4
38.8
39.3

20...
27...

43.3
43.0
42.2
41.4

33.8
33.6
32.9
32.3

33.6
33.1
32.4
31.5

34.1
34.1
33.5
33.1

74.5
73.3
72.3
70.1

71.3
71.0
70.2
69.5

63.7
62.7
60.6
59.2

Aug. 3 . . .
10...
17...
24...
31...

42.5
42.5
42.0
41.4
39.3

33.1
33.2
32.8
32.4
30.6

32.5
32.4
31.9
31.3
29.6

33.8
34.0
33.8
33.5
31.7

71.2
71.3
70.8
69.8
65.7

70.7
70.8
70.0
67.3
65.4

Sept. 7 . . .
14...
21...
28...

37.3
36.1
34.9
35.8

28.9
27.9
27.0
27.8

28.0
26.9
25.7
26.4

29.8
28.8
28.2
29.1

61.9
59.6
55.3
55.9

Oct. 5 . . .
12...
19...
26...

34.8
34.4
35.3
34.6

27.0
26.9
27.5
26.9

25.5
25.4
25.8
25.2

28.4
28.3
29.1
28.5

Nov. 2 . . .
9...
16...
23..,
30..,

35.6
35.1
34.4
33.6
34.5

27.7
27.3
26.9
26.1
26.9

26.1
25.9
25.3
24.6
25.2

Dec. 7 . .
14...
21..
28...

34.8
35.8
36.3
35.8

27.2
28.0
28.6
28.1

1947—Jan. 4 . .
11...
18..
25. ..

35.9
35.2
35.6
35.6

Feb. 1...
8...
15..
22...

18!!!
25...
June 1 . . .
8...
15...
22...

29...

July

^:::




1948—July 3.,
10.
17.,
24.
31.
Aug.7.

,I:

if:
20.
27.

15. COMMON STOCK PRICE INDEXES: SECURITIES AND EXCHANGE COMMISSION — Continued
B. WEEKLY, 1939-MAY 1964 — Continued
[1957-59 = 100]
Manufacturing
Total

TransportaNondution
rable

Public
utility

Trade,
finance, Mining
and
service

Manufacturing
Week ending—

Total

Transportation

Public
utility

Trade
finance, Mining
and
service

Total

Durable

34.4
34.6
35.2
35.0

28.1
28.4
28.9
28.8

25.4
25.6
26.0
25.8

30.5
30.8
31.3
31.3

44.9
44.5
45.7
45.8

54.9
55.1
55.5
55.5

48.6
48 4
49.5
48.2

38.2
38 6
39.6
39.6

1951—Nov. 3
10
17
24

49.9
50 2
50.0
48.9

44.3
44 6
44.4
43.3

39.7
40 5
40.2
39.4

48.2
48 1
47.9
46.5

65.0
66 1
66.7
64.4

63.0
63 5
63.4
62.8

60 9
61 3
61.3
60.5

72 1
71 0
70.1
66.4

34.9
35.6
35.7
35.6
36.2

28.7
29.4
29.4
29.4
30.0

25.9
26.7
26.7
26.7
27.4

31.1
31.7
31.7
31.8
32.3

45.6
46.4
46.7
46.2
46.2

55.2
55.7
55.8
55.7
55.9

48.7
'49.6
49.3
49 5
49.8

39.6
40.4
41.3
40 9
41.3

Dec 1
8
15
22
29

50.2
51.3
51.1
51 3
51.6

44.7
45.7
45.6
45 9
46.3

40.3
41.1
40.6
40 6
41.2

48.3
49.6
49.7
50 3
50.6

67.1
70.4
69.2
68 7
68.6

63.4
64.1
63.9
63 7
64.1

61.5
62 0
61 4
60 8
61.0

68.4
71 0
69 7
69 9
69.4

NOv 5
12
19
26

36.5
36.3
36.5
36.2

30.3
30.1
30.3
30.0

27.7
27.7
27.6
27.6

32.6
32.2
32.6
32.1

46.9
46.2
46.8
46.0

56.5
56.6
56.6
56.8

49 8
49 6
50.0
50.0

41 5
39.8
40.0
39.5

1952—Jan 5
12
19
26

52 0
52.2
52.7
53.2

46 6
46.8
47.3
47.9

41 4
41 2
41.7
41.9

51 0
51 6
52.1
52.9

70 0
70 5
72 2
72.0

64 2
64 7
64 7
64.7

61 8
61 4
61 6
61 7

68 8
70 9
73 4
74 7

Dec. 3
10
17
24
31

36.9
37.0
37.4
37.3
37.6

30.6
30.7
31.1
31.2
31.3

28.2
28.3
28.7
28.7
29.2

32.7
32.7
33.2
33.2
33.1

47.9
46.9
47.6
47.8
49.2

57.4
57.6
58.0
57.6
57.9

50.8
51.3
51.9
50.4
52.2

39.6
39.1
40.5
40.0
39.6

Feb 2
9
16
23

52.8
52.6
51.7
50.6

47.5
47.1
46.2
45.1

41.6
41.4
40.3
39.9

52.4
51.9
50.7
49.4

71.4
70.9
70.1
69.6

64 9
65.1
65.2
64.2

61 3
61 5
60.7
59.1

74 3
75 4
77.2
75.2

1950—Jan. 7
14
21
28

38.2
37.4
38.0
37.8

31.8
31.0
31.5
31.4

29.8
29.0
29.7
29.7

33.6
32.7
33.1
32.8

51.2
49.7
50.7
50.4

58.5
58.1
59.0
59.1

52.6
51.6
52.1
51.7

39.9
38.7
39.1
39.0

Mar 1
8
15
22
29

50.6
51.7
51.9
52.0
52.8

45.0
45.9
46.1
46.3
47.1

39.7
40 5
40.6
40.9
41.6

49.4
50.4
50.6
50.7
51.6

69.1
72 3
72.9
72.6
74.8

64.5
65.1
64.7
64.7
64.8

58.5
60 1
59 9
60.2
60.2

81.1
86 9
88.3
85.9
89.4

Feb 4
11
18
25

38.7
38.5
38.5
38 5

32.3
32.1
32.1
32.0

30.6
30.7
30.8
30.8

33.6
33.2
33.2
33 1

51.1
50.2
51.9
51 2

59.6
59.5
59.6
60 0

53.1
52 3
52.3
52 4

39.9
38 8
38.7
38 3

Apr 5
12
19
26

51.9
52 0
50.7
50 8

46.2
46.3
44.9
45 0

40.9
40 8
44.9
45 0

50.7
50 8
49.0
48 8

73.9
74 5
72.1
73 1

64.5
64 6
64.2
64 2

59.9
59 8
59 2
59 i

88.0
89 8
87 1
84 4

Mar. 4
11
18
25

38.8
38.4
39.2
39.6

32.2
31.8
32.7
33.0

31.0
30.2
31.0
31.1

33.2
33.1
34.0
34.5

52.1
50 9
51.3
51.2

61.6
61 7
62.2
62.9

52.9
52 2
52.3
52.9

38.2
38 7
39.3
39.5

Apr. 1
8
15
22
29

38.9
40 0
40.0
40.2
40.6

32.4
33 5
33.6
33.9
34.2

30.6
31 8
31.7
32.3
32.9

33.8
34 9
35.2
35.2
35.4

51.0
51 8
50.6
51.2
51.3

62.0
62 7
62.7
62.3
62.9

52.2
52 8
52.4
52.1
52.2

38.2
39 4
39.3
39.5
39.6

May 3
10
17
24
31

50.7
51 1
50.8
51.5
51.4

45.0
45 5
45.1
45.8
45.7

40.3
40 8
40.2
40 8
40.6

48.9
49 3
49.1
49.9
49.9

72.1
72 9
72.3
74 0
73.6

64.2
64 4
64.6
65.1
65.0

59 0
59 2
59.0
59 2
58.9

83 4
83 0
81.6
83 7
82.8

June 7
14
21
28

52 2
52.4
52 7
53.1

46 5
' 46.9
47.2
47.6

41 4
41.4
41 9
42.3

50 8
51.5
51 6
52.1

75 6
75.7
75 7
76.6

65 3
64.3
64 6
64.7

59 3
59.6
59 7
60.6

83 7
86.1
84 8
85.5

May 6

41 0
41.0
42.1
41 9

34 6
34.6
35.7
35 6

33 1
32.6
33.8
33 8

35 9
36.2
37.3
37 1

51 7
52.2
51.8
50 9

63 2
63.4
64.4
64 0

52 9
52.8
53.0
53 3

40 6
41.5
42 3
42 6

July 5
12
19
26

51 0
51.1
51 0
50 7

45 9
46.0
45.9
45 7

42 0
42.0
41 9
41 4

49 1
49.2
49 2
49 1

76 3
75.7
75 2
74 8

65 5
65.9
65 7
66 0

60 5
60.2
60 2
60 4

69 7
68.6
69 4
68 8

June 3
10
17
24

42 1
42.9
42 3
42.7

35 9
36.7
36 2
36.5

34 2
35.2
34 8
35.1

37 2
38.0
37 3
37.8

49 7
51.0
50 5
50.9

63 7
63.9
63 2
63.5

53 5
53.7
52 8
54.1

42 2
42.2
41 4
41.7

July 1
8
15
22
29

39.6
39.5
37.9
39.9
40 0

33.8
33.6
32.1
34.0
34 1

32.3
31.9
30.6
32.2
32 3

35.2
35.2
33.4
35.5
35 7

46.8
47.9
49.5
53.9
55 3

59.6
59.3
57.5
58.2
57 7

50.6
50.8
48.0
49.8
50 5

38.2
38.3
38.1
40.3
40 8

Aug 2
9
16
23
30

51 6
51.9
51 6
51.0
49 7

46 7
46.8
46 6
46.0
44 6

42 5
42.4
41 9
41.5
40 2

50 2
50.5
50 6
49.6
48 3

75 3
75.7
74 6
73.1
70 1

66 5
67.0
67 2
67.0
66 5

60 9
61.1
61 2
60.6
59 2

70 2
70.4
70 3
69.2
66 6

49.4
48.3
47.9
48 7

44.3
43.2
42.9
43 8

39.8
38.8
38.5
39 4

48.0
46.9
46.5
47 4

69.2
66.9
65.9
67 0

66.5
65.6
65.3
65 9

58.7
58.0
57.4
58 3

66.2
64.1
62.7
63 6

Aug. 5
12

40.7
41 2
42.1
41.8

34.9
35 3
36.2
35.9

33.2
33 6
34.5
34.2

36.3
36 8
37.7
37.3

55.9
55 3
56.0
55.2

58.0
58 5
59.0
59.2

50.9
51 3
52.6
52.4

42.4
42 4
43.5
43.1

51.4
51 6
50.9
50.5

45.9
46 0
45.3
44.9

42.4
42 5
41.7
41.3

48.7
49 0
48.4
48.0

74.1
74 7
74.1
73.0

65.4
65 3
64.8
64.9

60.0
59 5
59.1
58.5

78.6
77 8
77.8
76.1

1949 Sept 3
10
17
24
Oct

1
8
15
22
29

...

u::::....
20
27


19
26


Total

Sept 6
13
20.
27
Oct 4
11
18.
25

. .

...

...

...

...

Durable

Nondurable

1^50—Sept. 2
9
16
23
30

41.8
42.0
43.2
43.5
43.4

35.9
36.0
37.2
37.4
37.4

34.4
34.4
35.4
35.7
35.8

37.2
37.3
38.7
38.9
38.7

55.1
55.9
58.2
58.3
57.1

59.3
59.3
59.1
59.6
59.6

52.5
54.2
55.7
56.4
56.7

42.8
43.1
44.4
44.8
44.9

1952—Nov. 1
8
15
22
29

51.4
52.2
52.0
53.1
54.0

45.9
46.8
46.4
47.5
48.4

42.2
43.0
43.1
44.3
44.8

48.9
49.8
49.2
50.2
51.4

74.0
74.9
74.3
76.5
78.7

65.6
66.0
66.6
67.6
68.5

59.1
59.6
59.7
60.6
61.6

76.9
76.8
75.0
76.0
76.4

Oct. 7
14
21
28

44.4
44.0
44.6
44.0

38.4
38.0
38.6
38.1

37.1
36.8
37.4
36.9

39.6
39.1
39.6
39.0

58.2
57.5
58.8
57.1

60.0
59.5
59.8
59.7

58.1
57.9
58.9
57.7

45.5
45.4
45.4
44.6

Dec. 6
13
20
27

54.0
54.6
54.8
55.0

48.3
49.0
49.2
49.5

44.7
45.9
46.0
46.1

51.3
51.7
51.9
52.3

78.8
80.1
81.6
81.0

68.7
68.4
68.0
68.1

62.3
62.9
62.6
61.9

77.9
77.6
78.4
78.5

Nov. 4
11
18
25

43.9
44.3
44.6
45.3

38.0
38.4
38.6
39.4

36.8
37.3
36.8
37.3

39.1
39.4
40.2
41.1

55.8
56.9
59.3
59.3

59.5
59.5
59.4
59.8

58.4
58.4
59.2
59.6

43.9
45.4
46.9
48.2

Dec. 2
9
16
23
30

37.8
37.6
37.9
38.7
39.5

35.6
35.4
35.8
36.6
37.0

39.7
39.5
39.8
40.5
41.6

57.6
60.9
63.0
64.8
65.4

58.9
58.6
58.4
59.5
59.8

57.4
57.6
56.4
57.4
58.3

45.6
46.1
46.2
47.4
48.3

55.6
54.7
54.5
54.7
55.2

50.0
49.1
49.0
49.1
49.7

46.9
46.0
46.0
46.3
46.6

52.6
51.7
51.4
51.4
52.2

81.4
80.5
79.8
80.6
81.8

68.8
68.7
68.6
68.7
69.2

62.6
61.9
61.9
62.4
62.7

78.5
76.7
75.6
75.4
75.9

43.7
43.7
43.9
44.8
45.6

1953—Jan. 3
10
17
24
31
Feb. 7
14
21
28

54.2
54.1
53.9
54.6

48.5
48.5
48.2
48.9

45.5
45.3
45.1
45.8

51.0
51.1
50.9
51.6

78.7
79.1
79.3
80.4

69.0
68.9
68.7
69.0

61.8
61.8
61.8
62.1

73.7
74.1
74.4
77.2

1951—Jan. 6
13
20
27

46.6
47.1
47.9
48.1

40.5
41.0
41.6
42.0

38.2
38.9
39.3
39.8

42.5
42.8
43.6
43.9

66.7
67.6
69.5
69.4

60.7
60.9
61.9
61.1

59.8
59.9
60.6
60.3

49.8
51.4
52.7
52.1

Mar. 7
14
21
28

54.5
55.0
54.8
54.6

48.8
49.4
49.6
49.4

45.6
46.5
46.6
45.9

51.6
51.9
52.1
52.2

79.6
80.7
81.1
80.4

69.1
69.4
68.7
68.4

62.1
62.3
62.6.
62.9

75.9
77.9
77.0
76.8

Feb. 3
10
17
24. ..

49.3
49.6
49.5
49.2

43.1
43.3
43.2
42.8

40.6
40.8
40.4
40.2

45.1
45.4
45.6
45.0

73.0
73.2
71.8
70.0

61.7
61.8
62.2
62.9

61.7
62.8
62.9
62.8

53.3
53.9
54.4
54.1

Apr. 4
11
18
25

53.1
52.2
51.8
50.9

47.9
46.9
46.6
45.7

44.1
43.4
43.1
42.4

51.0
49.9
49.5
48.4

77.3
75.8
75.0
73.7

67.3
66.8
66.6
66.0

61.8
61.1
60.6
60.0

76.2
74.2
73.8
70.9

Mar. 3...
10..,
17. ..
24...
31...

49.1
49.0
48.2
47.7
47.5

42.8
42.7
42.0
41.6
41.5

40.3
40.3
39.8
39.4
39.2

44.9
44.7
43.9
43.5
43.4

69.4
69.0
67.8
65.8
65.9

63.6
63.2
62.4
62.0
61.7

62.5
62.1
61.3
61.1
60.6

53.2
53.4
51.1
50.6
50.3

May 2
9
16
23..;
30...

51.9
52.3
52.2
52.6
51.5

46.8
47.2
47.1
47.3
46.2

43.6
44.1
43.8
44.0
43.1

49.4
49.8
49.8
50.0
48.8

75.3
75.8
76.3
78.1
75.9

66.3
66.3
66.6
67.0
66.2

60.9
61.6
61.4
61.9
61.2

72.3
73.0
72.4
73.0
70.7

Apr. 7. ..
14...
21...
28...

48.2
49.4
49.1
49.9

42.2
43.5
43.3
44.1

39.8
40.7
40.5
40.8

44.3
45.9
45.6
46.9

67.5
68.6
68.1
68.8

61.6
61.7
61.8
61.9

60.4
61.1
61.0
61.4

51.8
53.4
53.7
55.8

June 6
13...
20...
27...

50.5
49.9
50.9
50.7

45.3
44.8
45.0
45.6

42.0
41.4
41.5
41.9

48.6
47.7
47.9
48.7

74.3
73.3
73.5
75.2

65.3
64.4.
64.0
64.9

60.3
59.9
59.6
59.9

69.8
69.0
69.2
69.9

M a y 5. ..
12...
19. .
26. .
.

50.4
49.5
48.0
47.2

44.6
43.8
42.4
41.5

40.8
39.6
38.5
37.7

47.7
47.3
45.6
44.7

69.6
67.8
65.1
63.4

62.3
61.2
60.8
60.6

61.9
61.3
59.4
59.2

56.2
56.2
54.8
52.6

45.9
46.0
45.9
45.7

42.0
42.0
41.9
41.4

49.1
49.2
49.2
49.1

76.3
75.7
75.2
74.8

65.5
65.9
65.7
66.0

60.5
60.2 •'
60.2
60.4

69.7
68.6
69.4
68.8

June 2..
9..
16..
23. .
30..

48.0
48.2
49.1
48.1
.46.8

42.4
42.5
43.6
42.6
41.3

38.3
38.2
38.5
37.5
36.2

45.7
46.1
47.8
46.9
45.7

64.6
65.2
65.5
63.3
59.6

61.2
61.1
61.0
60.9
60.4

59.4
59.3
59.3
58.8
57.9

53.7
54.9
56.0
54.0
53.6

18...
25...
Aug. 1...
8...
15...
22...
29...

51.0
51.1
51.0
50.7
51.6
51.9
51.6
51.0
49.7

46.7
46.8
46.6
46.0
44.6

42.5
42.4
41.9
41.5
40.2

50.2
50.5
50.6
49.6
48.3

75.3
75.7
74.6
73.1
70.1

66.5
67.0
67.2
67.0
66.5

60.9
61.1
61.2
60.6
59.2

70.2
70.6
70.3
69.2
66.6

July 7. .
14..
21..
28..

48.1
48.7
48.6
50.0

42.8
43.4
43.2
44.5

37.8
38.4
37.7
38.6

47.0
47.6
47.9
49.5

62.1
62.7
63.0
66.3

61.1
61.5
61.6
62.4

58.9
59.5
59.1
59.7

54.9
55.2
56.3
62.2

Sept. 5...
12...
19...
26...

49.4
48.3
47.9
48.7

44.3
43.2
42.9
43.8

39.8
38.8
38.5
39.4

48.0
46.9
46.5
47.4

69.2
66.9
65.9
67.0

66.5
65.6
65.3
65.9

58.7
58.0
57.4
58.3

66.2
64.1
62.7
63.6

18
25

50.7
50.6
51.1
50.9

45.5
45.3
45.7
45.6

39.4
39.6
40.2
40.0

50.6
50.1
50.4
50.5

66.2
66.0
66.3
65.3

62.7
62.8
63.8
63.2

60.0
60.3
60.6
60.3

63.6
62.6
63.8
64.6

Oct. 2...
9...
16...
23...
30...

40.7
41.3
41.8
41.5
41.4

51.2
52.1
52.3
50.8
50.4

66.6
68.3
69.2
68.9
68.8

63.7
64.2
63.7
63.5
63.4

61.0
62.3
63.3
63.4
62.9

65.4
67.1
69.5
66.8
66.9

39.9
40.1
41.4
41.9
42.5

48.2
48.0
49.0
49.3
49.6

67.1
67.3
69.4
69.0
69.3

66.7
67.0
67.6
67.7
67.4

58.8
58.8
59.3
59.3
59.1

Sept. 1
8
15
22
29

46.4
47.2
47.5
46.6
46.3

44.5
44.4
45.6
45.9
46.4

63.3
62.5
63.5
65.1
65.9

51.6
52.5
52.7
52.0
51.7

49.4
49.4
50.5
50.7
51.0

Nov. 6
13...
20...
27...

51.4
51.2
51.0
51.7

46.6
46.3
46.1
46.8

42.6
42.4
42.1
42.9

50.0
49.6
49.4
50.0

69.6
68.7
68.2
69.0

67.8
68.2
68.4
68.9

60.3
60.6
61.1
61.0

66.5
68.6
67.6
68.3

Oct. 6
13
20
27

52.7
52.7
51.0
49.4

47.2
47.1
45.5
43.8

42.5
42.7
41.0
39.6

51.2
50.8
49.3
47.3

71.4
70.8
67.7
65.0

63.9
64.1
63.2
62.6

64.2
63.9
62.7
60.5

69.8
72.6
71.2
71.6

Dec. 4...
11...
18...
24...
31...

52.3
51.7
52.2
51.8
51.6

47.4
46.8
47.4
47.0
46.9

43.4
42.6
43.2
42.7
42.6

50.7
50.3
50.9
50.7
50.6

69.4
67.7
68.3
66.7
65.8

69.4
69.1
68.9
68.8
68.8

62.3
61.4
61.1
60.9
61.1

68.6
66.8
67.6
66.9
65.9

Aug

-!?::




In

V:::

15. COMMON STOCK PRICE INDEXES: SECURITIES AND EXCHANGE COMMISSION — Continued
B. WEEKLY, 1939-MAY 1964 — Continued
[1957-59 = 100]
Manufacturing
Week ending—

Total
Total

Durable

Nondurable

Transportation

Public
utility

Trade,
finance, Mining
and
service

1954—Jan. 8
15
22
29

52.0
53.0
53.7
54.2

47.3
48.2
49.0
49.5

43.1
44.2
44.9
45.3

50.7
51.5
52.4
53.0

67.1
69.0
70.5
72.2

69.1
69.8
70.2
70.5

61.5
62.4
62.9
63.2

68.2
69.5
70.5
71.2

Feb. 5
12
19
26

54.7
54.5
54.2
54.6

50.0
49.7
49.3
49.8

45.6
45.6
45.2
45.8

53.5
53.1
52.7
53.1

73.0
73.2
72.2
71.8

70.8
71.2
71.0
71.6

63.4
63.8
63.1
63.2

72.1
72.3
74.2
74.4

Mar. 5
12
19
26

55.4
55.6
55.9
55.4

50.6
51.0
51.3
50.8

46.5
46.7
47.1
46.8

54.1
54.5
54.8
54.1

72.6
72.0
72.2
70.2

72.1
72.4
72.5
72.1

63.3
62.9
62.6
62.9

76.3
75.1
76.3
75.7

Apr. 2
9
16
23
30

56.9
57.4
58.2
58.1
59.1

52.4
53.1
54.0
54.0
55.1

48.6
49.4
50.0
49.9
51.2

55.6
56.2
57.3
57.4
58.3

71.6
71.6
71.7
70.7
72.0

72.6
72.8
73.1
73.1
73.6

64.4
64.0
64.4
64.6
65.0

77.8
77.9
78.0
77.3
78.1

May 7
14
21
28

59.5
59.7
60.1
60.4

55.4
55.6
56.0
56.3

51.6
51.5
52.1
52.4

58.5
59.1
59.3
59.5

73.7
74.1
75.2
75.1

74.1
74.0
74.7
74.7

65.4
66.2
66.6
66.6

77.6
78.3
80.1
79.6

June 4
11
18
25

60.2
59.2
60.2
60.8

56.0
55.0
56.0
56.7

52.2
51.4
53.0
54.6

59.2
57.9
58.5
58.4

75.5
74.9
77.0
77.3

75.0
73.7
74.3
74.8

66.9
66.0
67.0
67.9

79.8
77.7
77.8
76.5

July 2
9
16
23
30

61.5
62.3
62.2
62.9
63.7

57.6
58.5
58.0
58.7
59.6

55.6
56.8
56.5
57.1
57.8

59.3
59.8
59.2
59.9
61.1

76.5
78.0
79.2
80.0
80.8

75.0
76.0
77.0
78.2
78.1

68.5
69.0
69.2
69.2
70.3

74.9
75.3
73.9
75.8
76.5

Au8

63.0
63.7
64.5
63.3

58.8
59.5
60.4
59.2

57.1
57.6
58.0
56.7

60.2
61.1
62.3
61.1

79.8
80.9
81.4
78.5

77.7
77.9
78.7
77.8

70.5
71.1
72.1
71.6

74.9
77.2
78.5
76.8

Sept. 3
10
17
24

63.1
63.7
65.0
66.3

59.0
59.7
61.3
62.7

56.5
57.3
58.6
59.9

60.9
61.7
63.4
65.0

78.1
79.2
80.0
81.7

77.4
77.3
77.5
77.7

71.0
72.0
72.7
74.3

77.9
78.6
78.4
78.6

Oct. 1
8
15
22
29

65.9
66.4
64.5
65.5
64.5

62.4
62.9
60.9
62.0
61.0

59.8
60.5
58.6
60.2
59.3

64.4
64.8
62.8
63.4
62.3

80.2
80.8
81.2
82.8
81.3

77.8
77.7
75.9
76.1
75.6

73.5
74.4
72.3
73.0
71.5

79.0
80.6
78.7
79.0
76.9

Nov. 5
12
19
26

66.5
68.2
68.2
70.2

63.0
64.8
64.6
66.9

61.6
63.5
63.7
65.1

64.0
65.7
65.3
68.3

83.7
87.9
88.7
90.4

77.4
78.2
78.3
79.2

74.2
76.0
77.2
78.2

80.0
80.6
81.4
83.4

Dec. 3
10
17
24
31

70.7
70.9
71.7
72.3
73.6

67.4
67.6
68.3
69.0
70.5

65.0
65.1
66.5
67.2
69.1

69.3
69.5
69.7
70.4
71.5

92.0
93.7
97.0
98.8
99.8

79.9
79.7
79.7
79.8
80.4

78.3
78.2
78.0
78.5
79.5

83.7
88.2
93.0
94.4
94.9

if::::::::
20
27




- Manufacturing
Week ending—

Total
Total

Durable

Nondurable

Transportation

Public
utility

Trade,
finance, Mining
and
service

1956—Mar. 2 . .
9..
16..
23..
30..

91.3
92.9
95.1
95.9
95.7

90.7
92.6
95.2
96.3
96.1

88.2
90.9
93.9
94.0
92.8

92.7
93.8
96.2
98.0
98.8

112.5
114.9
116.8
118.0
118.5

87.9
88.4
89.0
88.9
88.5

93.3
95.0
95.5
94.7
93.7

106.2
108.0
108.5
112.0
111.1

Apr. 6..
13..
20..
27..

96.7
95.0
94.6
95.2

97.6
95.6
95.3
95.9

92.4
91.5
91.2
91.4

101.8
98.9
98.6
99.5

117.1
116.3
117.7
119.3

88.0
87.5
86.6
86.6

94.1
92.8
92.6
92.2

110.9
107.9
106.6
107.1

May 4 . .
18*.'.
25..

96.5
94.2
92.8
89.1

97.5
94.8
93.2
89.1

92.3
90.0
88.4
84.3

101.7
98.7
97.1
92.9

119.0
117.8
115.6
110.0

87.0
86.5
86.3
85.3

93.0
90.4
89.0
86.5

110.3
106.9
107.1
101.9

June 1..
8..
15..
22..
29..

90.7
89.7
92.1
92.4
93.2

91.0
89.9
92.6
92.9
93.9

86.3
85.6
87.8
88.5
90.2

94.8
93.4
96.5
96.6
96.9

109.9
108.4
111.9
112.0
112.1

85.9
85.1
86.0
86.0
86.2

87.4
86.8
88.4
88.0

101.4
101.0
104.6
104.6
103.6

20..
27..

95.1
96.2
97.4
97.2

96.3
97.3
98.7
98.3

92.0
93.7
95.0
94.8

99.7
100.2
101.7
101.0

112.8
113.0
113.1
113.7

87.0
87.5
88.1
89.2

90.0
93.2
93.3
92.7

106.4
106.0
110.3
108.8

Aug. 3 . .
10..
17..
24..
31..

98.3
97.5
96.9
95.3
94.2

99.5
98.7
98.1
96.4
95.2

97.7
97.3
97.0
95.8
95.0

101.0
99.9
99.1
96.9
95.3

114.1
113.3
111.2
109.7
108.0

89.5
89.2
88.9
88.0
87.4

93.6
92.5
92.0
90.6
90.0

112.2
111.3
109.7
107.7
105.2

Sept. 7..
14..
21..
28..

94.8
93.6
92.2
89.6

95.9
94.6
93.1
90.3

96.0
95.4
94.2
91.2

95.9
93.9
92.3
89.6

107.1
107.1
106.3
102.5

87.7
86.6
85.9
84.2

90.7
89.7
88.1
85.3

105.2
103.3
102.2
98.3

Oct. 5..
12..
19..
26..

91.5
92.4
91.4
91.4

92.7
93.6
92.2
92.5

93.6
95.1
94.1
93.7

92.0
92.4
90.7
91.5

105.9
107.3
108.6
107.9

84.0
84.5
84.6
84.4

87.0
88.8
87.9
87.2

99.5
99.8
98.4
97.2

Nov. 2 . .
9..
16..
23..
30..

92.5
91.7
90.7
89.8
89.6

93.6
92.6
91.4
90.3
90.2

94.5
94.1
93.5
92.2
91.3

92.9
91.3
89.6
88.7
89.3

107.2
105.8
105.1
104.0
103.3

84.8
85.2
84.9
84.3
84.2

88.2
88.0
87.9
85.9
84.3

100.7
99.6
104.2
107.6
107.7

Dec. 7..
14..
21..
28..

92.9
92.2
91.8
92.4

94.3
93.7
93.3
93.8

95.4
94.9
94.6
94.4

93.4
92.7
92.1
93.3

107.8
106.4
106.2
105.5

84.5
84.2
84.1
84.5

85.3
84.6
83.3
83.8

107.0
106.2
104.3
106.5

1957—Jan. 4 . .
11..
18..
25..

92.7
92.1
88.9
89.3

93.7
92.7
89.1
89.5

93.5
92.5
88.8
88.9

94.0
93.0
89.4
90.2

107.5
107.3
102.6
102.3

86.5
87.2
86.5
86.9

84.8
84.8
82.1
82.5

109.2
109.5
106.8
106.2

86.8
87.3
87.2

88.8
86.5
87.1
87.0

88.0
85.8
87.0
86.1

89.5
87.1
87.2
87.8

101.4
98.5
98.3
97.2

87.7
87.1
87.2
87.2

82.8
81.1
82.1
82.3

104.1
101.4
103.1
102.6

July

.f::

Feb. 1..
8..
15..
21..

72.3
72.3
72.4
73.5

69.2
69.0
69.0
70.2

67.9
68.0
68.2
69.9

70.1
69.7
69.5
70.3

98.4
96.3
95.8
99.0

79.6
80.3
81.0
81.2

77.9
79.1
79.0
80.7

91.4
92.3
92.1
92.3

25

75.0
75.8
75.7
75.2

72.0
72.7
72.4
71.7

71.3
71.7
71.8
70.9

72.5
73.4
72.9
72.3

98.9
100.8
102.5
103.7

81.8
83.5
83.6
83.7

80.8
81.5
80.9
80.7

91.4
92.5
91.0
93.3

Mar. 4
11
18
25

76.8
73.4
74.1
75.8

73.2
69.9
70.6
72.5

72.7
69.1
70.2
72.0

73.5
70.4
70.9
72.8

106.5
100.9
101.1
104.3

85.5
82.6
82.6
83.8

83.0
79.1
79.2
81.0

94.0
89.9
92.1
92.9

75.8
76.4
77.5
77.5
77.7

72.5
73.0
74.3
74.3
74.5

72.0
72.2
73.6
73.4
73.4

72.8
73.6
74.7
74.9
75.3

104.4
107.0
109.1
110.0
111.2

83.5
84.0
84.6
84.5
84.8

80.6
81.7
82.1
81.4
81.1

92.8
91.7
91.4
90.5
89.2

May 6
13
20
27

77.8
76.9
77.6
78.0

74.5
73.6
74.3
74.7

73.1
71.3
72.4
73.0

75.5
75.4
75.7
76.0

111.4
109.0
109.6
110.7

85.4
84.6
85.0
85.4

81.7
81.2
83.0
83.2

89.2
87.1
88.8
89.2

June 3
10
17
24

79.0
80.4
82.3
83.5

75.7
77.5
79.8
81.4

74.1
75.9
78.5
78.9

77.0
78.8
80.8
83.3

112.9
113.7
113.8
114.6

85.7
85.5
85.6
85.4

84.4
85.4
87.3
88.2

89.4
92.3
93.0
92.8

July 1
8
15
22
29

84.3
85.5
85.4
86.2
86.5

82.5
83.9
83.6
84.4
84.8

79.3
81.1
81.6
82.8
83.7

85.0
86.2
85.1
85.6
85.5

114.2
111.9
112.4
113.5
112.1

85.4
85.7
87.0
87.7
88.1

87.9
90.2
89.6
89.6
89.0

94.6
91.7
92.4
93.3
92.2

Aug. 5
12
19
26

84.7
84.4
83.8
85.6

82.8
82.5
81.9
84.1

82.4
81.2
81.1
83.6

83.0
83.5
82.4
84.4

109.5
108.6
108.9
110.6

87.4
86.7
86.3
85.9

88.3
88.6
88.4
89.7

91.3
91.1
90.1
92.0

Sept. 2
9
16
23
30

86.7
87.2
88.9
89.7
85.8

85.4
86.0
87.8
88.6
84.5

84.8
85.4
87.7
88.9
85.1

85.8
86.4
87.8
88.2
83.8

110.5
113.1
114.2
114.2
107.9

86.2
86.0
86.6
86.8
84.8

90.7
91.8
95.0
98.4
93.1

91.8
93.6
94.9
94.0
89.7

Oct. 7
14
21
28

83.5
81.8
84.1
83.7

82.0
80.2
82.8
82.2

82.2
79.9
82.5
81.6

81.7
80.3
83.0
82.6

105.0
103.1
105.5
104.5

84.0
82.9
83.7
84.0

90.9
88.6
90.3
90.5

87.0
83.4
85.9
88.0

Nov. 4
11
18
25

86.2
88.2
88.9
89.2

85.2
87.4
88.0
88.3

83.9
87.0
88.1
. 88.5

86.1
87.6
87.8
87.9

105.7
109.2
109.4
114.8

84.9
85.8
85.6
85.6

92.2
94.7
97.1
97.3

89.0
89.7
92.5
94.6

Dec. 2
9
16
23
30

89.2
90.0
88.8
89.7
90.0

88.2
89.4
88.1
89.3
88.7

87.9
89.2
87.5
88.7
88.5

88.3
89.4
88.5
89.6
90.5

114.2
113.5
110.5
111.0
111.1

86.0
85.8
85.1
85.3
85.6

96.5
95.2
94.0
94.2
94.2

96.3
97.2
94.4
94.8
94.6

1956—Jan. 6
13
20
27

89.4
88.5
85.6
86.1

88.9
87.8
84.7
85.1

86.9
85.6
82.5
83.0

90.4
89.5
86.4
86.7

110.1
110.3
105.7
106.8

85.8
85.5
84.5
85.3

93.5
92.5
88.8
88.9

97.1
97.3
95.7
96.6

Feb. 3
10
17
24

88.7
86.8
88.6
90.2

88.0
85.7
87.8
89.7

85.3
83.0
85.8
87.7

90.1
.87.9
89.4
91.2

109.5
106.9
109.1
110.8

86.4
86.0
86.6
87.1

91.1
89.7
90.8
91.7

101.4
101.9
102.4
104.3

1955—Jan. 7
14
21
28
Feb. 4
11
18

Apr

^::::::::
15
22
29




1957— Mar. 1.
8.
15.
22.
29.

87.9
88.5
88.7
88.7
89.0

87.8
88.4
88.7
88.6
89.0

86.8
87.0
87.3
87.0
87.4

88.8
89.8
90.0
90.0
90.6

97.6
97.4
96.6
97.1
97.3

87.6
87.7
87.7
87.9
87.8

81.8
83.6
83.5
83.5
83.2

105.0
106.1
106.5
106.9
107.3

Apr. 5.
12.
18.
26.

89.8
91.4
92.3
92.7

90.1
92.1
93.1
93.4

88.6
90.7
91.9
92.4

91.5
93.3
94.3
94.4

97.9
98.3
97.8
100.1

88.2
88.5
88.8
89.2

83.6
83.8
83.6
83.6

106.8
109.9
111.4
112.9

May 3
10

94.4
94.9
96.0
96.0
96.2

95.5
96.0
97.4
97.2
97.5

94.0
94.7
96.1
94.9
94.8

96.9
97.2
98.5
99.3
100.0

100.8
101.3
101.8
100.3
99.7

89.6
89.9
90.4
90.6
90.6

84.2
85.3
85.1
85.5
85.6

115.9
118.2
120.3
127.5
127.8

June 7.
14.
21.
28.

96.7
97.9
95.6
96.2

98.3
99.9
97.7
98.4

95.2
97.4
95.2
96.0

101.2
102.3
100.0
100.6

99.3
100.6
98.4
99.7

89.7
89.4
86.9
86.7

85.3
85.0
82.8
83.3

129.1
125.9
124.7
122.6

July 5.
12.
19.
26.

99.0
99.8
98.7
98.1

101.6
102.5
101.4
100.8

99.2
100.3
99.4
98.5

103.9
104.5
103.3
102.9

100.4
104.2
103.0
102.8

88.2
88.3
87.1
86.7

85.2
85.6
85.5
85.1

126.1
127.9
126.2
123.3

Aug. 2.
9.
16.
23.
30.

96.7
95.1
92.9
90.2
91.7

99.0
97.2
94.6
91.4
93.3

96.1
94.5
91.9
88.8
90.7

101.7
99.7
97.1
93.8
95.7

101.6
98.4
96.6
93.3
93.4

86.4
86.0
85.4
85.0
85.5

84.6
83.9
83.2
81.1
81.7

121.1
117.4
115.4
108.1
111.6

Sept. 6.
13.
20.
27.

90.5
90.8
88.5
86.3

91.9
92.3
89.6
87.1

89.3
89.2
86.2
84.4

94.4
95.2
92.7
89.7

92.0
91.2
88.1
85.8

84.7
84.5
84.2
83.1

81.6
82.2
82.1
81.0

109.7
110.4
104.1
100.6

Oct. 4.
11.
18.
25.

86.9
82.6
81.1
81.8

87.6
82.8
81.2
82.3

84.3
80.1
78.4
79.4

90.6
85.2
83.8
84.9

86.6
80.7
79.0
78.5

84.0
82.4
81.9
80.9

81.8
79.6
76.9
76.9

99.4
90.7
87.5
88.6

Nov. 1.
15.
22.
29.

81.4
80.9
81.4
82.3
84.1

81.7
81.2
81.6
82.6
84.5

79.0
78.4
79.2
79.3
80.6

84.2
83.9
83.8
85.6
88.1

77.7
76.6
76.1
75.5
76.7

81.6
81.5
82.4
83.3
84.1

77.2
76.9
77.5
78.2
79.1

85.8
83.8
83.6
87.9
92.8

Dec. 6.
13.
20.
27.

83.0
82.0
79.4
80.1

83.4
82.1
79.0
79.9

79.1
77.5
74.2
75.0

87.3
86.2
83.4
84.3

73.1
74.1
70.8
70.9

84.1
84.0
83.5
83.9

78.7
77.9
76.8
76.9

88.2
88.2
83.3
82.6

1958—Jan. 3.
10.
17.
24.
31.

82.4
81.4
82.9
84.1
84.1

82.2
80.9
82.3
83.5
83.4

78.9
77.4
78.8
79.9
79.9

85.4
84.1
85.5
86.8
86.7

75.4
73.4
79.1
78.4
79.7

85.7
85.9
87.2
88.4
88.3

79.2
79.5
81.4
82.9
83.6

84.6
82.1
86.5
88.2
87.4

Feb. 7.
14.
21.
28.

84.2
83.5
82.4
82.3

83.4
82.5
81.2
81.1

80.2
79.6
78.9
78.6

86.3
85.2
83.4
83.4

79.4
78.6
77.3
75.8

88.6
88.7
88.6
89.0

84.5
84.6
84.3
83.8

87.0
85.4
82.7
81.6

Mar. 7.
14.
21.
28.

84.7
85.3
85.4
84.9

84.0
84.6
84.7
84.0

81.1
81.9
81.9
80.7

86.7
87.2
87.2
87.0

77.3
77.9
77.4
76.9

89.1
89.2
89.6
89.7

85.8
86.3
86.9
86.6

86.5
88.0
89.9
91.5

Apr.3.

83.5
84.0
86.0
87.3

82.2
82.6
84.7
86.1

78.5
78.6
80.5
82.0

85.7
86.3
88.6
89.9

74.9
76.5
80.3
81.3

90.0
91.1
92.6
93.2

85.4
86.0
87.4
89.3

88.0
88.4
90.5
91.7

17
24

31

18.
25.

15.

COMMON STOCK PRICE INDEXES: SECURITIES AND EXCHANGE COMMISSION — Continued
B. WEEKLY, 1939-MAY 1964 — Continued
[1957-59 = 100]
Manufacturing

Total

Transportation

Public
utility

Trade,
finance, Mining
and
service

Ma nufacturing

Public
utility

106.0
106.5
103.6
100.9
102.9

97.1
97 3
95.6
93.9
94.6

130.9
132.3
131.5
130.3
129.9

132.2
133.7
131.6
129.1
128.3

69.8
69.7
68.0
67.0
68.5

117.5
119.3
120.5
121.9

103.0
105.9
105.5
106.1

92.7
97.0
97.2
97.4

129 A
131.3
133.3
136.2

128.7
132.0
132.9
133.7

70.9
72.4
71.0
72.2

111.9
109 7
107.3
104.6
104.7

119.4
117 1
113 4
110.2
110.3

104.9
102 8
101 7
99.5
99.5

94.5
93 6
91.6
89.5
88.4

137.3
136 7
135.4
132.2
129.4

132.5
129 6
127 0
125.1
121.8

72.8
71 0
68 6
68.3
69.7

109.6
111.3
107.7
107.8

105.5
107.0
103 6
103.6

110.3
111.8
107 7
107.7

101.0
102.5
99 8
100.0

88.3
89.3
87 4
87.1

130.7
134.0
128 5
128.9

122.7
124.5
122 1
122.1

72.8
73.0
70 7
70.9

Nov. 4
11
18
25

111.0
113.0
112.8
113.5

107.2
109.1
108.6
109 2

111.5
114.1
112.9
113 3

103.3
104.6
104.7
105 4

90.4
92.3
92.1
92 0

130.0
132.0
132.5
133 5

125.3
129.1
130.8
131 9

73.8
73.8
73.3
75 4

106.3
107 3
108.0
106.5
107.9

Dec. 2
9
16
23
30

111.8
114.6
115.8
116.2
117.4

107.2
110.3
111.5
111.0
111.6

111.2
115.3
116.7
114.6
114.9

103.5
105.7
106.8
107.6
108.6

92.1
92.2
92.3
92.7
93.9

133.4
135.5
136.5
141.1
146.2

129.8
131.7
133.0
133.9
133.4

74.3
76 7
78.8
80.8
80.3

106.7
109 1
110.2
108 8

108.7
108 7
107.3
104 2

1961—Jan. 6
13
20
27

118.3
120.5
121.2
123 6

113.0
115.1
115.5
117 5

117.0
118.5
119.0
120 1

109.2
112.1
112.3
115 1

97.8
100.5
102.2
100 6

144.4
147 1
148.8
154 4

132.5
134 5
135.3
136 9

83.3
83 8
86.1
87 2

105.2
106.6
113 2
113.1

110.3
111.7
113.5
113.4

102.7
103.8
103.8
104.0

Feb. 3
10
17
24

125.5
124.0
125.4
126.7

119.8
117.8
119.0
120.4

122.2
119.1
121.2
123.0

117.6
116.7
117.0
118.0

102.2
101.3
103.5
103.5

155.2
154.8
156.2
157.7

137.0
138.1
141.3
143.0

89.7
88.6
89.7
88.2

114 4
116.2
119.8
119 5
117.6

114 6
119.0
117.6
116 8
116.8

' 114 5
114.5
116.3
118 0
116.7

106 3
104.2
105.0
108 0
106.6

Mar 3
10
17
24
30

. . . . 129 1
128.1
130.4
. . . 130 1
131.3

123 3
122.4
125.2
124 0
124.6

127 0
126.6
129.6
127 8
128.2

119 9
118.5
121.1
120 5
121.3

103 2
102.0
103.8
106 6
105.5

158 6
156.6
157.0
159 6
164.4

144 9
145.1
147.3
147 4
148.6

88 0
87.6
90.3
90 1
90.2

106.7
106.4
108 0
107.7

116 5
116.3
119 3
118 2

116 5
117.4
118 6
119 7

115.7
117.6
120 0
119.4

105.5
102.8
103 8
101.4

Apr 7
14
21
28

133.1
134.2
132 7
132.1

125.7
126.8
125.5
125.1

128 5
129.8
128 4
127.3

123.3
124.1
122 8
123.1

104.6
103.3
102.8
102.8

169.8
170.9
168 2
166.6

149.9
151.1
150 3
150.2

94.5
95.3
92 8
91.3

113.1
115 0
113.9
112 5

110.9
110 9
111.1
110 0

118.4
120 5
118 8
117 0

120.0
121 5
121.2
120 3

120.3
120 9
119.4
118 6

101.7
104 6
103.0
102 4

May 5
12
19
26

134.5
134 5
136.3
. . . . 134 2

127.5
127 0
128.8
127 3

130.5
129 8
132.1
130 2

124.8
124 4
125.8
124 5

105.8
107 0
109.4
107 7

168.7
171 5
173.0
166 8

152.3
151 5
153.3
155 4

93.8
95 4
99.3
99 2

114
113
117
118

110
110
114
114

119 1
119 4
122.0
120 6

121
121
125
123

118 3
119 0
120.6
120 2

103.1
103 5
105.3
101 4

June 2

134.9
134 8
131.9
131 9
130.7

128.0
128 1
125.4
125 0
123.7

130.9
130 6
127.1
126 4
125.2

125.4
125 9
123.9
123 7
122.3

106.9
107 1
104.2
103 6
103.8

167.1
166 3
161.8
163 0
161.8

156 0
155 7
154.8
157 0
156.4

99 5
98 1
95 0
96 9
95.6

Total

Durable

Nondurable

87.9
88.5
87.2
88.2
88.7

86.8
87 3
85.7
86.8
87.3

82.5
83 7
82.1
83.6
84.4

90.8
90.6
89.1
89.7
89.9

82.3
84.8
82.0
84.2
85.4

93.1
93.2
93.3
94.1
94.3

90.2
92.1
91.3
92.0
92.2

93.6
96.6
94.8
95.9
96.8

I960—July 1

89.7
90.6
90.2
90.3

88.5
89.4
89.1
89.1

85.1
85.7
85.6
85.6

91.7
92.7
92.3
92.4

86.6
88.0
87.2
87.6

94.7
95.2
94.4
95.0

92.5
93.1
92.9
93.3

97.3
100.3
99.7
99.9

Aug. 5

91.5
92 0
91 7
94 3

90.4
90 8
90 7
93.8

86.6
87 3
88.8
91.6

93.9
94 1
92 4
95.8

88.4
89 5
91 2
94 2

95.6
96 4
95 5
95.8

94.2
94 2
94 0
94 8

101.5
101 4
101.1
103.6

Sept. 2

8
15
22
29

95.4
96.5
95.3
95 9
95 9

95.0
96.3
94.9
95 3
95 4

93.6
94.2
93.2
93 6
93.7

96.4
98.2
96.4
96 9
97.0

94.9
96.5
94.2
96 3
95.7

96.5
96.1
95.7
96 1
96 2

95.9
97.3
97.9
100 5
100 3

104.7
108.4
105.5
106.2
104.5

Sept. 5
12
19
26

96.4
97.6
99.5
100 1

95.9
97.3
99.4
99 8

94.3
96.4
98.9
99 6

97.3
98.2
99.9
100 0

95.6
96.5
102.1
102 4

96.9
97 3
98.6
99 4

100.8
101.1
102.0
102 2

Oct 3

101.6
103.7
103.9
102.5
103.5

101.6
104 0
104.2
102.4
103.6

101.3
104.5
104.8
102.7
103.8

101.9
103.6
103.7
102.1
103.4

104.2
104.6
104.8
105.1
106.1

99.7
101 3
101 7
101.7
102.3

105.4
107 2
106.4
106 0

105.6
107.3
106.1
106 0

105.9
107.0
105.2
105 4

105.3
107.5
107.0
106 5

107.4
110 5
110.6
111 5

105.9
107.5
109.3
109.5

105.6
107.3
108.2
108.5

104.7
107.5
109.0
110.1

106.4
107.2
107.5
107.1

112 1
112.7
112.8
113 2
111.9

111 4
111.3
111.4
1119
110.4

113 6
113.6
113.6
113 0
111.6

109 8
110.0
112 4
112 2

107.9
107.8
110 4
110 0

113.7
114 7
114 2
113 0
114
113
117
117

1958—May 2
9
16
23
29

June 6
13

20
27
July 3
U
18
25

Aug. 1

10
17
24

31
Nov 7
14
21
28

Dec 5
12
19
26

1959 Jan 2
9
16
23

30
Feb 6
13
20
26

Mar 6
13
20
27

Apr 3
10
17
24




...
...

4
9
5
6

Total
Total

Durable

Nondurable

116.4
117.1
114.3
111.4
113.4

113.6
114.1
110.7
107.4
110.2

121.8
122.3
118.5
114.5
118.0

113.2
115.5
116.2
117.5

110.0
112.3
112.7
113.7

30

116.1
114 2
112.0
109.3
108.7

Oct. 7
14
21
28

105.4
104.3
106.4
105 7

103.7
103 8
104.4
104.7
104.4

103.4
105 6
105 1
104 4

110.0
110.2
110.6
112.1

109 5
109.2
109.4
111 0
109.4

109.1
109.5
113 2
112.7

111.9
112 8
112.4
111 1
112
111
115
116

6
8
7
4

Trade,
finance, Mining
and
service

Transportation

Week ending—

7
8
2
8

7
1
3
3

8
7
7
2

g

15
22
29
12

19
26
9

16
23

9

16
23

30

1959—May 1
8
15
22
29

117.0
. . 116.2
117.9
118.3
119.1

116.1
115.6
117.6
117.8
119.0

118.4
117.4
119.9
120.9
123.0

114.1
114.0
115.5
115.1
115.3

119.9
117.5
118.9
121.5
120.0

121.4
119.3
119.7
120.2
120.3

119.2
119.4
120.9
120.9
121.7

98.8
98.2
99.5
99.8
97.3

June 5
12
19
26

...

116.7
116 3
... 116.0
117.7

116.5
116 4
116.2
118.0

120.4
121 5
121.6
123.3

113.0
111 8
111.2
113.2

117.9
118 5
119.4
121.0

117.5
115 2
114.4
115.3

121.0
121 2
121.7
124.0

94.8
94 1
92.9
94.9

July 3
10
17
24
31

120 4
... 121.7
120.3
... 121.2
122.9

120 9
122.2
120.7
122.0
124.1

127 0
129.5
127.5
129.3
128.9

115 3
115.5
114.6
115.2
119.7

122 1
123.2
119.4
119.0
120.0

118 0
119.1
118.2
118.6
118.6

125 7
127.5
125.7
125.4
126.1

93 1
95.3
94.4
93.0
99.0

Aug 7
14
21
28

121.6
120.4
120.0
120.9

122.4
121.0
120.4
121.5

126.9
125.3
125.0
127.5

118.3
117.0
116.1
116.1

117.0
115.2
116.0
116.2

119.2
119.3
118.8
118.8

125.3
123.6
124.9
126.3

97.7
96.5
94.9
94.6

Sept. 4
11
18
25

118.9
... 116.7
114.1
115.5

119.5
117.2
114.4
115.9

125.0
123.3
120.2
122.3

114.3
111.6
109.1
110.0

113.0
111.5
107.8
110.2

117.3
114.7
112.3
114.2

124.9
123.6
123.0
122.7

92.7
93.1
88.3
87.3

Oct 2
9
16
23
30

116.4
116.1
116.8
115.1
... 117.0

116.5
116.2
116.9
115.2
117.6

122.9
122.7
123.5
121.5
123.0

110.7
110.2
110.8
109.4
112.7

112.6
112.7
113.9
111.4
109.6

116.2
116.0
116.2
115.2
115.5

124.1
124.0
125.0
122.8
123.9

84.9
84.5
84.3
82.0
85.0

Nov. 6
13
20
27

117.2
... 115.7
115.9
117.4

117.9
116.1
116.5
118.4

122.9
121.1
122.0
125.1

113.3
111.6
111.5
112.3

109.0
105.4
106.4
105.8

115.3
114.3
113.7
114.1

124.8
124.8
125.5
125.8

82.0
82.2
81.3
82.6

Dec 4
11
18
24
31

119.7
119 9
... 120.5
120 2
122 0

121.2
121 6
122.3
121.8
123 4

127.3
128 2
129.2
129 1
130 4

115.5
115 6
116.0
115.2
117 0

107.1
107 9
107.7
107.1
108 3

115.1
114 0
114.2
114.7
117 5

126 A
125 9
127.0
126.8
129 0

87.0
85 6
85.1
85.0
86 6

i960 Jan 8
15
22
29

121 4
118 9
117 1
... 113 2

122 0
118 8
116 7
112.4

129
125
123
118

5
8
6
2

115 1
112 4
110 3
107.0

108 3
108 0
105 7
103.5

120 7
121 0
120.1
118.4

128 5
127 4
125.8
120.5

86 7
83 8
81.9
80.8

Feb 5
12
19
26

114 1
... 113.1
114 7
114.6

113 2
111.9
113 1
112.9

119 3
118.2
119 5
119.5

107 6
106.0
107 3
106.9

102.5
103.6
103 8
102.0

120.1
120.6
124 0
124.6

121.2
120.8
121 9
123.6

79.1
79.2
78 6
77.1

Mar 4
11
18
25

111 3
110 7
112 2
... 114.1

109 2
108 5
110 1
111.9

114 8
114 3
115 9
118.3

104 0
103 1
104 8
106!l

96 6
96 7
97 4
98.9

123 4
122 8
123 7
126.1

121 0
120 6
122 6
124.8

75 3
75 0
75 7
76.8

Apr 1
8
14
22
29

113.1
115 1
115.2
113 0
... 111 0

110.8
113 1
112.6
110.3
108.1

117 3
120 6
120i6
117 8
115 0

104.7
106 1
105.3
103 5
101.7

96.2
97 7
97.8
96 1
94.6

125.9
127 1
129.6
127.0
125.7

124.7
125 7
126.2
125.9
123.8

74.3
75 0
74.6
72.4
70.9

109
110
111
111

116
118
119
120

102
102
104
103

95
94
97
95

5
4
4
8

126 2
126 5
126 4
126.6

124 6
125 5
126 0
127.2

70 3
69 0
73.4
70.8

93 9
99 2
96 2
99.1

129.3
130.1
129 3
130.6

129.6
132.0
132 6
134.1

70.0
71.4
70 0
69.8

May 6
13
20
27
June 3
10
17
24




111
112
114
113

8
9
1
9

•. 114 8
118 4
117 2
117.8

0
5
8
5

112 1
116 3
115 0
115.2

2
8
7
2

121 2
125 4
123 2
123.8

4
8
5
5

103 7
108 0
107 3
107.3

1961—July 7
14
21
28

132.9
131.9
130.9
135.0

125.4
124.4
123.3
127.6

126.5
125.4
124.8
129.3

124.4
123.4
121.9
126.0

105.5
102.8
100.3
104.4

165.8
165 5
165.5
170.1

159 4
158 2
156.9
159 3

95 1
93 2
91.6
92 6

Aug 4
11
18
25

137.1
.... 137 7
138 2
... 136.6

129.9
130.4
131 0
129.2

131.8
132.0
131 6
129.7

128.1
128.9
130 5
128.6

106.0
106.5
108 3
107.1

170.0
171 3
170 9
170.2

163.5
164 0
164 6
164.7

93.5
93 4
92 9
91.5

Sept 1
8
15
22
29

137.7
137 1
.... 136.7
134.8
134.9

130.5
130 2
129.4
127.3
127.0

132.3
132 3
132.8
130.4
130.7

128.9
128 3
126.4
124.5
123.7

107.9
106 6
107.2
106.0
106.5

169 7
168 0
169.4
167.8
169.5

167 1
166 2
166.2
165.7
166.6

91 5
88 7
86.3
84 5
85.7

Oct 6
13
20
27

137.4
. .... 137.5
138.5
... 138.4

129.2
128.8
129.4
129.1

132.7
132.3
132.1
131.5

126.0
125 5
127.0
127.0

110.9
111 0
110.1
108.5

171.8
173 3
174 5
175.9

171.4
174 8
180.5
179.8

87.0
89 0
92 3
92.7

Nov 3
10
17
24

140.7
144.0
145.3
... 145.9

130.8
134.2
134.7
135.0

132.7
137.1
136.3
136.6

129.2
131.5
133.3
133.6

109.6
109.9
110.9
109.2

181.2
185 0
187.3
190.3

181.1
185 4
193.0
191.4

92.7
95 1
94.2
98.3

Dec 1
8
15
22
29

145.8
146 5
146.5
144.3
145.7

135.4
135.9
136.0
134.6
135.9

137.6
138.3
138.9
136.8
138.7

133.3
133.7
133.4
132.7
133.2

109.5
108.6
107.3
105.9
108.0

188.9
190 7
190.8
184.9
186 7

188.6
189 3
188.4
186.2
187 3

101.5
102 0
101 3
100.3
100 6

1962 Jan 5
12
19
26

.... 141.7
141.6
139.8
138.5

132.0
131.9
130.1
129.0

134.6
134.9
133.0
132.0

129.7
129.1
127.4
126.2

108.0
109.6
109.1
107.4

182.9
182.6
180.7
179.6

178.0
178 2
174.8
170.0

99.7
105 2
106.4
105.1

Feb 2
9
16
23

... 141.9
143.3
143 6
... 142.5

132.9
133.9
134 0
132.9

134.5
135.4
134 7
133.1

131.5
132.6
133 5
132.7

110.9
111.0
111 0
109.2

180.3
183.2
183 9
184.6

175.0
177 4
178 1
175.1

105.9
112 1
113 3
107.5

Mar 2
9
16
23
30

142 4
143.1
144 3
143 2
141.4

132 9
133.8
135 0
133 9
132.0

132 7
134.9
135 6
134.6
132.2

133 0
132.9
134 4
133.3
131.9

108 7
107.5
107 6
107 1
106.0

184 5
184.9
185 5
184 3
182.0

173 9
173 4
177 0
176 9
175.0

110 2
108 4
105 5
104 6
104.1

Apr 6
13
20
27

139.8
137.8
139.6
134.7

130.1
128.1
129.7
124 9

130.6
128.6
129.5
123.1

129.7
127.7
130.0
126.7

104.2
103.2
104.5
100 5

182.1
179.8
182.6
176 8

173.9
171.1
173.7
169 4

104.1
103.4
105.9
102 2

May 4
11
18
25

134.8
.... 127 2
129.9
121 1

125.2
118 1
119.9
112 4

123.7
116.4
119.2
110 3

126.7
119.8
121.3
114 4

101.4
98.1
100.0
94 4

175.4
164.6
169.8
158 7

169.4
162 0
165.4
149 7

102.0
97 4
98.2
92 4

June 1
8
15
22
29

120.8
118.7
113.9
107.0
111.3

111.9
109.9
105.3
98.6
103.0

109.9
107.8
102.9
95.2
100.3

113.8
111.8
107.7
101.8
105.6

94.6
92.7
90.2
85.5
88.1

158.3
156.0
150.3
143.0
148.1

150.6
148.6
141.1
131.4
134.7

92.4
91.1
87.1
83.8
86.9

July 6
13
20
27

114.2
117 7
115.6
116.4

105.2
108 4
106.5
107.3

102.0
106.0
104.0
105.4

108.2
110.6
108.8
109.1

89.9
91.9
89.4
88.9

153.1
159 3
156.4
157.8

139.7
141 0
138.3
138.5

88.9
92.5
91.2
90.9

Aug. 3
10
17
24
31

118.3
117.1
120.2
121.5
120.6

109.4
108.2
110.9
112.2
111.4

107.6
106.6
109.9
111.3
109.9

111.0
109.8
111.9
113.1
112.8

90.4
88.8
90.2
92.2
91.5

159.3
157.5
161.8
163.1
161.8

139.1
139.6
145.4
147.3
146.6

93.2
91.8
92.1
93.2
93.3

15.

COMMON STOCK PRICE INDEXES: SECURITIES AND EXCHANGE COMMISSION — Continued
B.

WEEKLY, 1939-MAY 1964—Continued
[1957-59 = 100]
Manufacturing

Manufacturing
Week ending—

Total
Total

Durable

Nondurable

Transportation

Public
utility

Trade,
finance,
and
service

Mining

109.8
111.3
108.6
106.0

107.9
109.0
105.4
102.5

111.6
113.6
111.7
109.2

90.7
89.8
87.2
86.2

159.9
160.1
158.8
154.1

144.1
143.8
141.6
136.8

92.6
93.9
91.7
90.8

116.6
116.2
113.2
111.2

107.6
107.3
104.3
103.0

104.8
104.3
100.7
100.2

110.3
110.1
107.8
105.5

87.0
87.8
85.5
86.1

157.4
156.9
153.6
149.4

139.4
138.6
135.6
129.8

92.5
93.3
90.1
89.2

Nov. 2.
9.
16.
23.
30.

118.0
120.1
122.8
125.5
127.4

109.7
111.3
114.2
116.7
118.3

106.5
107.5
110.8
113.7
114.8

112.8
114.9
117.3
119.6
121.7

90.4
94.4
97.9
100.1
103.2

156.0
159.9
161.6
164.8
167.8

138.9
141.3
146.4
149.4
150.9

93.4
95.6
96.6
101.5
101.3

Dec. 7.
14.
21.
28.

O

119.0
120.1
117.7
114.6

Oct. 5.
12.
19.
26.

^

128.5
127.5
127.7
128.3

119.6
118.4
118.8
119.5

115.1
113.5
113.3
114.2

123.9
123.0
124.0
124.4

103.1
101.5
102.1
102.4

168.3
167.8
167.4
168.2

152.4
152.1
151.6
151.1

102.2
101.4
100.7
101.5

1963—Jan. 4.
11,
18.
25.

130.6
132.2
133.0
134.5

121.8
123.3
123.8
125.3

117.2
118.9
119.4
121.1

126.1
127.4
127.9
129.4

106.4
107.2
106.9
108.7

170.3
171.8
174.5
175.5

153.5
156.3
155.8
157.7

104.2
106.0
107.3
109.6

Feb. 1,
8,
15,
21.

135.2
134.9
135.4
134.3

126.0
125.4
125.9
124.7

121.4
120.7
121.7
120.2

130.2
129.8
129.8
128.9

108.8
109.9
112.0
110.4

176.9
177.8
177J

158.2
158.0
159.1
158.1

110.2
108.9
109.0
109.1

Mar. 1
8
15
22
29,

130.6
133.2
134.3
134.9
135.6

121.1
123.9
125.1
125.6
126.6

116.2
118.4
119.0
119.3
120.8

125.8
129.1
130.8
131.5
132.1

107.5
108.9
109.0
109.9
111.0

172.0
173.9
174.9
175.9
175.9

156.0
158.7
159.1
159.9
159.2

106.3
109.8
111.8
115.7
114.1

Apr. 5
19
26

139.2
140.3
141.2
142.0

130.4
131.7
132.7
133.3

125.5
126.4
127.6
127.9

135.0
136.8
137.5
138.3

113.7
114.8
117.2
119.5

178.8
178.2
179.0
180.7

162.7
165.1
164.6
166.6

116.9
119.3
122.8
121.2

May 3,
10
17,
24
31

142.7
143.7
143.0
142.5
144.1

133.8
135.0
133.9
133.3
135.4

128.6
131.7
130.3
129.8
133.3

138.6
138.1
137.4
136.7
137.5

121.1
121.2
124.4
126.7
127.6

181.6
181.4
180.6
180.0
179.6

168.0
168.8
171.6
170.7
171.1

121.9
123.2
123.3
122.9
124.7

June 7
14
21
28

143.2
142.9
142.8
141.0

134.5
134.1
133.9
132.1

132.2
131.1
130.9
127.9

136.8
136.9
136.8
136.2

126.2
125.9
129.0
127.8

178.6
178.7
178.5
176.3

170.7
171.6
171.0
169.1

124.8
123.9
125.5
126.7

July 5
12
19
26

142.8
141.6
139.0
139.4

134.0
132.6
130.0
130.5

129.3
127.1
124.9
124.9

138.5
137.8
134.8
135.8

128.6
128.3
124.8
121.6

178.1
177.1
175.6
175.8

170.8
169.7
166.4
167.0

130.1
129.1
125.6
124.3


1
Series
http://fraser.stlouisfed.org/ discontinued
Federal Reserve Bank of St. Louis

with figures for May 1964. See text p. 16.

Total
Total

1962—Sept. 7.
14.
21.
28.

UJ

Week ending—

Durable

Nondurable

Transportation

Public
utility

Trade,
finance,
and
service

Mining

1963—Aug. 2.
9.
16.
23.
30.

140.9
143.4
145.4
146.0
147.3

132.2
134.4
136.1
136.9
138.3

126.4
128.6
130.9
132.4
133.6

137.6
139.9
141.1
141.2
142.8

125.0
127.0
130.4
129.9
131.7

176.8
179.7
182.7
182.1
183.2

167.7
170.5
174.1
176.2
177.1

126.9
132.9
133.5
132.6
135.7

Sep,.6.

148.1
148.8
149.0
146.7

139.3
140.1
140.7
137.6

135.4
136.1
136.9
133.6

143.1
143.9
144.3
141.4

129.6
128.1
128.4
126.0

182.9
183.1
182.4
183.2

179.8
180.9
179.9
178.3

133.6
135.0
133.5
129.6

Oct. 4 . . .
11...
18...
25...

148.2
147.0
149.1
150.6

139.2
137.9
140.4
141.9

136.1
136.0
139.0
141.0

142.1
139.9
141.7
142.8

127.7
127.2
129.0
128.7

184.3
183.6
184.5
186.9

180.4
178.2
180.7
180.2

131.0
130.2
129.9
129.0

Nov. 1
8

150.2
149.2
147.0
141.2
149.1

141.5
140.2
137.4
131.5
139.3

141.4
139.1
135.9
129.0
137.8

141.7
141.4
139.0
134.0
140.8

128.8
130.2
131.9
124.0
132.7

186.4
186.8
186.4
182.0
190.3

178.7
177.2
174.8
168.0
176.0

128.4
129.4
128.0
121.3
132.3

Dec. 6.
13.
20.
27.

150.7
150.8
151.2
151.5

140.8
140.9
141.8
142.2

137.8
137.5
137.2
138.4

143.8
144.2
146.2
1419

133.7
135.5
134.8
135.6

191.9
191.8
190.9
190.6

177.0
176.9
176.1
176.0

136.4
135.7
134.2
134.5

1964—Jan. 3
10
17
24
31

153.6
155.2
155.8
157.0
157.0

144.6
145.9
146.3
147.2
147.7

141.5
142.9
143.5
143.4
143.3

147.7
148.8
149.0
150.9
151.9

138.3
139.8
141.0
142.5
140.4

192.1
195.1
196.9
198.6
197.4

176.6
177.7
177.7
18O.0
179.6

139.8
139.5
139.2
141.7
140.7

7...
14...
20...
28...

157.4
158.2
158.6
158.8

148.0
148.5
149.4
149.9

142.7
144.4
145.4
146.4

153.1
152.5
153.2
153.3

142.5
143.7
145.8
148.6

197.3
199.2
196.8
195.9

180.3
181.2
183.7
182.6

142.7
145.4
144.2
141.2

Mar. 6. . .
13...
20...
26...

159.8
161.5
161.0
161.4

151.2
153.4
153.0
153.7

148.6
152.5
150.3
152.0

153.7
154.3
155.6
155.4

149.6
149.7
150.7
151.7

195.5
195.4
193.8
193.4

184.0
185.8
186.2
185.2

141.8
143.0
143.5
143.6

Apr. 3
10
17
24

162.9
.162.6
164.1
162.5

155.1
154.9
155.6
154.0

152.7
152.3
152.0
150.2

157.5
157.4
159.2
157.7

154.1
154.0
153.7
150.8

195.1
193.4
198.0
196.3

186.9
188.2
191.6
190.1

143.8
147.4
153.4
152.6

May 1

163.4
165.3
165.0
164.5
163.8

155.1
157.1
156.7
155.8
155.2

151.4
153.3
152.8
152.1
151.5

158.6
160.8
160.5
159.5
158.9

153.4
156.5
157.3
162.1
160.8

195.9
196.3
195.9
196.0
194.2

191.5
194.1
195.9
195.8
195.9

158.4
162.5
161.0
160.9
160.8

29.
27.

15
22
29

Feb.

15..
22..
281.

16.

STOCK YIELDS, 1926-63
[Per cent per annum]

Dividend/price
ratio
Preferred

Common

Earnings/
price
ratio,
common

1926
1927
1928
1929

5.78
5.51
5.12
5.12

4.94
4.76
3.98
3.47

9.19
6.29
5.67
7.51

1930
1931
1932
1933
1934.

4.95
5.04
6.13
5.75
5.29

4.51
6.15
7.43
4.21
3.72

6.33
7.51
5.95
4.36
5.16

Period

1935
1936
1937
1938..
1939

4.63
4.33
4.45
4.34
4.19

3.82
3.44
4.86
5.18
4.05

7.23
6.57
8.25
5.55
7.34

1940
1941
1942
1943
1944

4.14
4.08
4.31
4.06
3.99

5.59
6.82
7.24
4.93
4.86

9.80
12.14
11.42
7.82
7.34

1945
1946
1947
1948
1949

3.70
3.53
3.79
4.15
3.97

4.17
3.85
4.93
5.54
6.59

6.39
6.31
10.69
14.60
15.12

1950
1951
1952
1953
1954

3.85
4.11
4.13
4.27
4.02

6.57
6.13
5.80
5.80
4.95

15.20
10.89
9.56
10.36
8.93

1955
1956
1957
1958
1959

4.01
4.25
4.63
4.45
4.69

4.08
4.09
4.35
3.97
3.23

8.72
7.14
7.78
6.02
5.92

1960
1961
1962
1963

4.75
4.66
4.50
4.30

3.47
2.98
3.37
3.17

5.88
4.76
6.06
5.68

1926—Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

5.83
5.80
5.83
5.80
5.77
5.77
5.77
5.74
5.81
5.82
5.78
5.67

4.46
4.51
4.92
5.17
5.26
5.24
5.09
4.92
4.86
4.97
4.93
4.94

1927—Jan...
Feb...
Mar..
y
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

5.65
5.60
5.57
5.54
5.49
5.50
5.52
5.48
5.45
5.45
5.43
5.40

5.02
5.01
5.07
4.97
4.85
4.97
4.91
4.68
4.42
4.47
4.37
4.32

1928—Jan...
Feb...
Mar..

5.33
5.24
5.11

4.31
4.39
4.20




9.19

6.29

Dividend/price
ratio
Month

Preferred

Common

1928—Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.

4.94
4.96
5.05
5.10
5.12
5.15
5.22
5.13
5.11

4.05
3.93
4.13
4.14
4.01
3.78
3.72
3.50
3.60

1929—Jan.. .
Feb..
Mar..
Apr..
May.
June.
July. .
Aug..
Sept..
Oct.. .
Nov..
Dec.

5.07
5.09
5.09
5.10
5.12
5.16
5.14
5.17
5.14
5.15
5.18
5.06

3.36
3.38
3.31
3.35
3.37
3.38
3.16
3.01
2.92
3.33
4.54
4.48

1930—Jan.. .
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct.. ,
Nov..
Dec..

5.06
5.04
4.96
4.95
4.95
4.95
4.95
4.92
4.87
4.84
4.91
4.99

4.38
4.14
3.99
3.78
4.02
4.50
4.44
4.42
4.33
5.05
5.43
5.62

1931—Jan.. .
Feb...
Mar...
Apr...
May..
June..
July. .
Aug...
Sept...
Oct.. .
Nov...
Dec...

4.96
4.90
4.86
4.83
4.83
4.87
4.86
4.84
4.97
5.38
5.43
5.75

5.50
5.12
4.95
5.43
5.95
5.96
5.66
5.74
6.51
7.28
7.06
8.68

1932—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

5.85
5.84
5.76
6.33
6.57
6.88
6.72
6.09
5.85
5.86
5.87
5.89

8.22
8.04
7.16
9.13
9.57
10.30
8.85
5.65
4.94
5.73
5.84
5.68

1933—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

5.75
5.81
6.07
6.12
5.95
5.68
5.53
5.50
5.47
5.55
5.74
5.78

5.42
6.04
6.18
5.47
3.90
3.20
2.95
3.19
3.30
3.59
3.65
3.59

131

Earnings/
price
ratio,
common

5.67

7.51

6.33

7.51

5.95

4.36

Dividend/price
ratio
Month

1934_jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec
1935—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec
1936—Jan..
Feb.
Mar.
Apr.,
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec
1937—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec
1938—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec
1939_jan..
Feb.
Mar.
Apr.,
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

Preferred

Com-

5.66
5.46
5.40
5.33
5.28
5.24
5.16
5.18
5.28
5.32
5.16
4.99
4.90
4.85
4.81
4.69
4.56
4.55
4.55
4.54
4.56
4.59
4.53
4.43
4.40
4.36
4.31
4.30
4.34
4.33
4.31
4.29
4.32
4.34
4.35
4.26
4.18
4.21
4.40
4.52
4.57
4.51
4.51
4.46
4.47
4.51
4.55
4.47
4.45
4.43
4.49
4.54
4.46
4.43
4.35
4.28
4.23
4.20
4.12
4.15
4.12
4.11
4.13
4.16
4.14
4.10
4.05
4.07
4.49
4.47
4.24
4.14

3.36
3.10
3.33
3.25
3.58
i.55
3.67
4.00
4.21
4.22
4.14
4.25
4.24
4.24
4.51
4.35
4.00
3.82
3.58
3.48
3.51
3.50
3.24
3.38
3.27
3.14
3.11
3.19
3.46
3.51
3.37
3.40
3.56
3.41
3.52
4.36
4.34
3.83
3.47
3.74
4.04
4.41
4.18
4.23
5.06
6.01
7.01
7.94
7.84
7.52
6.02
5.84
5.68
5.40
4.35
4.26
4.30
3.77
3.59
3.58
3.49
3.61
3.69
4.23
4.25
4.33
4.26
4.33
3.91
3.87
4.12
4.54

mon

Earnings/
price
ratio,
common

5.16

'8.62"
' 7.92 '
'6.56'
" 5.8*1 "

' 5.90*'
*7.'89"
'6.68"
"5.82*

' 7.14 '
'9.09 '
9 .'74

6.47
'4.93 '
4.661'
' 6.13 '

'7.4V
'7.27"
' 6.14 '
'8.49"

16. STOCK YIELDS, 1926-63 — Continued
[Per cent per annum]
Dividend/price
ratio
Month

1940—Jan
Feb

Mar
Apr.
May
June. .
July
Aug
Sept.
Oct
Nov

Dec
1941 Jan
Feb

Mar

Apr..
May
June
July
AUK. . .
Sept
Oct
Nov

Dec
1942_Jan
Feb

Mar

Apr

May

June
July
Aug
Sept
Oct
Nov

Dec

1943—Jan
Feb
Mar
Apr
May

June
July.
Aug
Sent..
Oct

Nov
Dec

1944

Jan .
Feb
Mar

Apr
May
June
July.
Aug
Sept... .
Oct
Nov... .
Dec

1945—Jan
Feb

Mar

Apr

May
June.
July
Aug. .
Sept
Oct
Nov
Dec




Preferred

Common

4 07
4 10
4.13
4.11
4.21
4 38
4 22
4.19
4.15
4.10
4 08
3.97

4 58
4 65
4 70
4.73
5 69
6 31
6 08
6.11
5.95
5 92
5 98
6.37

3 94
4.05
4.08
4.10
4.15
4.15
4.05
4.02
4 04
4 07
4 01
4.15

6 38
6 61
6.52
6.77
691
6.79
6.43
6.51
6 56
6 90
7 37
8.13

4.21
4.24
4.38
4.52
4.48
4.40
4 32
4.27
4 27
4.23
4 23
4.19

7.88
8 05
8.15
8 47
8.21
7 37
7 07
6.98
6 67
6 18
6 00
5.84

4.17
4.10
4.08
4.08
4.07
4.03
3.98
3.97
3.98
4 00
4 06
4 14

5.54
5.21
5.04
4 86
4.69
4.64
4.57
4.78
4.79
4 84
5.07
5 07

4.09
4.06
4 04
4.02
4.04
3.98
3.94
3.96
3.95
3.95
3.92
3.87

4.95
4 99
4 88
4 97
4.99
4.81
4.68
4.77
4.91
4.75
4.82
4.77

3.82
3 78
3.73
3.67
3.66
3.67
3.69
3.72
3.75
3.72
3.64
3.59

4.60
4 43
4.48
4.36
4.21
4.12
4.21
4.27
4.01
3.85
3.73
3.71

Earnings/
price
ratio,
common

Dividend/price
ratio
Month
Preferred
1946

9 63
10 82

4 01
4.07

4 49
4 38
4.61
4.75
5.05
5.03
4.81
4.97
5 16
5.10
5 24
5.55

1948—Jan
Feb
Mar
Apr.
M^ay
June
July
Aug
Sept
Oct .
Nov
Dec

4.13
4.18
4.12
4.12
4.08
4.05
4 13
4.20
4 20
4.28
4 21
4.15

5.71
6.01
5.90
5.50
5.32
5.02
4 96
5.17
5 29
5.29
6 09
6.24

1949—Jan. #
Feb
Mar
Apr
May
June
July
Aug...
Sept
Oct
Nov
Dec

4.09
4.04
4.07
4 07
4.04
3.98
3.97
3.90
3.85
3 88
3.89
3 88

6.20
6.54
6.57
6 65
6.72
7.09
6.73
6.54
6.36
6 26
6.61
6 75

3.83
3 84
3 81
3 82
3.82
3.85
3.92
3.85
3.85
3.88
3.88
3.89

6.65
6 62
6 53
6 36
6.16
6.12
6.63
6.54
6.65
6.39
6.97
7.24

3.87
3 87
4.00
4.11
4.15
4.17
4.20
4.13
4.16
4.19
4.23
4.28

6.34
6 20
6.34
6.27
6.23
6.30
6.25
5.96
5.75
5.77
6.18
5.99

12.55
12.59
12 35
11.05
10.36
i i 09
i i 64
12.59

8.46
7.94
7.86
7 03

1950
7 99
7.16
7.20
7.00

7.92
"7.3*5"
5.51
4.78

....
. .

Jan
Feb

Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1951—Jan
Feb
Mar
Apr
M^ay
June
July
Aug
Sept
Oct
Nov
Dec

. .

Preferred

132

1953 Jan
Feb
10.81
10.45

iO46

Mar

Apr.
Mar
June
July
Aug
Sept
Oct
Nov

11.05
13.46

Dec

1954_jan
Feb
Mar .
Apr
May

13 21

i5 24
16.50

15.87

June
July .
Aug
Sept
Oct
Nov .
Dec
1955—Jan
Feb .
Mar
Apr
May

15.95
14.88

June
July . .
Aug
Sept . . .
Oct

13 77

15 22

Nov
Dec

1956—Jan
Feb
Mar

Apr

May

16 83
15.58
13.18
11.86
11.93
9.54
10.23

June
July
Aug
Sept ..
Oct
Nov
Dec

1957—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov ..
Dec

. . .
. .

Common

4.26
4 22
4.16
4.07
4.04
4.04
4 09
4.12
4.12
4.16
4.12
4.11

1952—Jan
3 56
Feb .
3 62
Mar
3.72
3 82
Apr
3.51
May
3.48
June
4 99
3 53
3 62
July . . .
Aug
3.65
Sept . . .
4.21 "7.49"
Oct
4.33
Nov .
4 50
Dec
4.47
8.95

Jan
Feb
Mar
Apr
May
June
July.
Aug
Sept
Oct
Nov
Dec

1947

Month

3 74
3.71
3.72
3.75
3.76
3.76
3.72
3.71
3 72
3.86

Sept
Oct
Nov
Dec

9.54

Dividend/price
ratio

3 54
3 49
3 45
3.42
3 47
3 46
3 43
3.44
3.57
3.65
3 70
3.76

Jan
Feb
Mar
Apr
May
June
July
AUE

9.19

Common

Earnings/
price
ratio,
common

5.82
5.99
5.94
5.96
5.99
5.83
5.65
5.66
5.74
5.89
5.69
5.47

4 16
4.21
4.23
4.33
4.38
4.47
4.37
4.30
4 30
4.19
4 15
4.20

5.45
5.52
5.48
5.75
5.77
5.99
5.90
5.87
6.14
5.99
5.92
5.83

4.15
4.08
4.04
4.02
4 03
4.05
4 04
4.01
3 98
3.93
3 92
3.93

5.69
5.62
5.46
5.24
5.02
4.99
4.77
4.63
4.57
4.43
4.52
4.45

3.98
4 00
4.01
3.98
3.99
3.98
3.96
4.01
4.06
4 04
4.01
4 05

4.38
4.32
4.33
4.19
4.23
4.01
3.72
3.87
3.72
3.94
4.05
4.15

4.03
3.99
4 01
4.15
4 22
4.17
4 16
4.24
4.39
4.42
4.56
4.63

4.24
4.24
3.97
3.94
4.09
4.09
3.89
3.92
4.07
4.12
4.27
4.24

4.51
4 47
4.46
4.47
4.53
4.69
4.75
4.83
4.79
4.80
4.78
4.49

4.31
4 54
4.47
4.36
4.18
4.04
3.95
4.17
4.31
4.54
4.67
4.64

Earnings/
price
ratio,
common

9.73
9.09
9.74
9.67

9.69
10.53
11.35
9.87
9.54
9.42
8.48
8.26

9.18
9.04
8.61
8.03

7.67
7.26
6.46
7.18
8.28
7.33
7.50
8.00

16. STOCK YIELDS, 1926-63 — Continued
[Per cent per annum]
Dividend/price
ratio
Month

Preferred

Common

1958—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

4.36
4.38
4.42
4.37
4.31
4.28
4.36
4.45
4.58
4.64
4.65
4.63

4.48
4.47
4.37
4.33
4.19
4.08
3.98
3.78
3.69
3.54
3.42
3.33

1959 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct . . .
Nov
Dec

4.54
4.52
4.48
4.51
4.68
4.79
4.75
4.70
4.80
4.81
4.81
4.85

3.24
3.32
3.25
3.26
3.21
3.23
3.11
3.14
3.26
3.26
3.24
3.18




Earnings/
price
ratio,
common

"6.'39"
5.88
5.93
5.87

6.35
6.53
5.50
5.28

Dividend/price
ratio
Month

Preferred

Common

I960—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

4.87
4.82
4.76
4.71
4.75
4.74
4.70
4.61
4.69
4.75
4.78
4.84

3.27
3.44
3.51
3.47
3.51
3.40
3.49
3.43
3.55
3.60
3.51
3.41

1961 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

4.73
4.68
4.66
4.67
4.63
4.66
4.69
4.69
4.69
4.62
4.59
4.64

3.28
3.13
3.03
2.95
2.92
2.99
2.99
2.91
2.93
2.91
2.83
2.85

133

Earnings/
price
ratio,
common

6.36
5.83
5.98
5.33

4.41
4.86
4.93
4.84

Dividend /price
ratio
Month

Preferred

Common

1962—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

4.59
4.52
4.48
4.45
4.45
4.52
4.59
4.55
4.50
4.49
4.45
4.42

2.97
2.95
2.95
3.05
3.32
3.78
3.68
3.57
3.60
3.71
3.50
3.40

1963—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

4.34
4.27
4.24
4.31
4.29
4.29
4.34
4.30
4.30
4.26
4.28
4.32

3.31
3.27
3.28
3.15
3.13
3.16
3.20
3.13
3.06
3.05
3.14
3.14

Earnings/
price
ratio,
common

5.08
6.54
6.33
6.28

5.60
5.79
5.69
5.62

17. TRADING IN STOCKS ON THE NEW YORK STOCK EXCHANGE: ROUND-LOT VOLUME
A. ANNUALLY AND MONTHLY, 1941-63
[In millions of shares]
Year

Total

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

1941
1942
1943
1944

171
126
279
263

13
13
18
18

9
8
24
17

10
9
37
28

11
8
34
14

10
7
35
17

10
7
23
38

18
8
26
28

11
7
14
21

14
9
15
16

13
16
14
18

15
13
18
18

36
19
20
31

1945
1946
1947
1948
1949

378
364
254
302
272

39
52
24
20
19

33
34
24
17
17

27
26
19
23
21

28
31
21
35
19

32
30
21
43
18

41
21
17
31
18

20
21
25
25
19

22
21
14
15
22

25
43
16
18
24

35
30
29
20
29

40
24
16
28
27

34
30
28
28
39

1950
1951
1952
1953
1954

525
444
338
354
573

43
70
37
34
33

33
41
27
30
33

40
36
30
42
44

48
34
29
34
44

42
38
24
26
42

46
27
26
26
42

45
28
24
22
52

38
34
21
24
57

39
36
24
26
41

48
43
26
26
44

43
26
30
27
64

60
30
41
36
76

1955
1956
1957,
1958
1959

650
556
560
747
820

75
47
48
50
83

61
46
38
40
66

67
60
36
47
82

54
54
48
50
76

45
53
53
54
71

58
37
44
57
64

48
46
48
69
71

42
45
41
62
51

60
37
37
72
58

42
40
64
95
61

46
44
48
74
65

51
46
54
76
72

1960
1961
1962
1963.

767
1,021
962
1,147

64
89
81
101

61
93
66
79

66
118
68
75

57
102
65
108

69
97
111
105

77
73
100
91

54
61
74
76

65
82
77
92

6b
64
63
107

54
73
79
122

62
88
96
94

77
82
81
99




134

17. TRADING IN STOCKS ON THE NEW YORK STOCK EXCHANGE: ROUND-LOT VOLUME — Continued
B. WEEKLY, 1934-63
[In thousands of shares]
Week
ending—

Daily
average

Week
ending—

1934—Jan. 6..
13..
20..
27..

1,339
1,435
3,597
2,928

Feb. 3 . .
10..
17..
24..

4,031
4,581
2,727
2,350

1935—Mar. 2 . . .
9...
16...
23...
30...

Mar. 3 . .
10..
17..
24..
31..

1,691
1,452
1,452
1,342
1,385

Apr. 6 . . .
13...
20...
27...

Apr. 7 . .
14..
21..
28..

1,476
1,390
1,607
1,302

May 5 . .
12..
19..
26..

1,423
1,931
1.169

June 2 . .

617
925
921
753
611

9..

16..
23..
30..

648

473
572
850

July 7 . .
14..
21..
28..

2,208

Aug. 4 . .
11..
18..
25..

715
933
645
831

Sept. 1..

583
573
677
656
751

8..

15..
22..
29..
Oct. 6..
13..
20..
27..
Nov. 3 . .
10..
17..
24..
Dec. 1..
8..

15..
22..
29..

634

1,005

664
813
566

1,157
,280
,065
,215
,272
1,084
1,019
1,383

1935—Jan. 5 . .
12..
19..
26..

1,105
1,263

Feb. 2 . .

634
584
558

9..

16..
23..

897
648

1,305

May 4 . . .
11...
18...
25...

1939_Nov. 4 . . .
11...
18...
25...

1,330
1,272

Oct. 1 . . .
8...
15...
22...
29...

1,556
1,970
2,246
2,407
1,841

Dec. 2 . . .
9...
16...
23...
30...

741
784
849
851

2,316
1,552
1,652

Nov. 5 . . .
12...
19...
26...

1,192
2,603
1,580
1,080

Dec. 3 . . .
10...
17...
24...
31...

1,027

1,121

Aug. 7 . . .
14...
21...
28...

892
878
778
762

1,022
1,331
1,765
1,575

Sept. 4 . . .
11...
18...
25...

795

838
790
979
725
547

1936—May 2 . . .
9...
16...
23...
29...

2,075
1,121

1937—July 2 . . .
10...
17...
24...
31...

763
984

June 6 . . .
13...
20...
27...

1,031
1,048
1,179

July 3 . . .
11...
18...
25...

1,448
1,676
1,267

1,564
1,025

1938—Sept. 3 . . .
10...
17...
24...

Week
ending—

994

Daily
average

Daily
average

Daily
average

1,100
1,566

Week
ending—

Week
ending—

Week
ending—

Daily
average

939
891

1,002
781

Daily
average
766

1,249

936

838

June 1 . . .
8...
15...
22...
29...

1,178
1,370
1,011

Aug. 1 . . .
8...
15...
22...
29...

1,892
1,435
1,330
1,121
1,190

Oct. 2 . . .
9...
16...
23...
30...

1,401
1,412
2,464
4,516
2,282

July 6 . . .
13...
20...
27...

1,000
1,292
1,279
1,520

Sept. 5 . . .
12...
19...
26...

1,341
1,683
1,246
1,712

Nov. 6.. .
13...
20...
27...

1,562
1,686
1,526
1,618

Aug. 3 . . .
10...
17...
24...
31...

1,985
1,982
2,263
2,135
1,466

Oct. 3 . . .
10...
17...
24...
31...

1,801
2,607
2,174
1,894
1,739

Dec. 4 . . .
11...
18...
24...
31...

1,234
1,195
1,053
1,259
1,735

Sept. 7 . . .
14...
21...
28...

1,810
2,202
1,952
1,188

Nov. 7 . . .
14...
21...
28...

3,245
3,015
2,777
2,413

1938—Jan. 8 . . .
15...
22...
29...

1,231
1,446

Oct. 5 . . .
12...
19...
26...

1,725
1,523
2,130
2,907

Dec. 5 . . .
12...
19...
26...

2,422
2,330
2,520
1,897

Feb. 5 . . .
11...
19...
26...

891
671
676
995

Nov. 2 . . .
9...
16...
23...
30...

2,258
3,032
3,178
3,852
2,601

1937—Jan. 2 . . .
9...
16...
23...
30...

2,206
2,652
3,582
3,166
2,410

Mar. 5 . . .
12...
19...
26...

546
702
993

Dec. 7 . . .
14...
21...
28...

2,517
2,377
1,682
2,309

Feb. 6 . . .
13...
20...
27...

1936—Jan. 4 . . .
11...
18...
25...

2,683
3,717
3,168
2,529

Feb. 1 . . .
8...
15...
22...
Z,y. . .

1,607
852

1,124

1,354

2,933
3,197
2,668
2,490

Apr. 2 . . .
9...
16...
23...
30...

1,501

Mar. 6 . . .
13...
20...
2n...

3,023
2,962
2,111
1,708

May 7 . . .
14...
21...
28...

742
912
494
623

3,398
3,021
3,179
4,242

Apr. 3 . . .
10...
17...
24...

1,476
1,762
1,355
1,300

June 4 . . .
11...
18...
25...

502
453
365

Z,J\Jl

2,034

July 2 . . .
9...
16...
23...
30...
Aug. 6 . . .
13...
20...
27...

1,126

Mar. 7 . . .
14...
21...
28...

2,975
2,909
2,152
1,949

May 1 . . .
8...
15...
22...
29...

Apr. 4 . . .
11...
18...
25...

1,719
1,928
1,593
1,832

June 5 . . .
12...
19...
26...




963

842

1,129
1,030
718

738
709

1,041

596

135

902

1,101

881
508

766
749

940

1,498
1,218
1,885

1,186

6...
13...
20...
27...

889
872
688
637

Feb. 3 . . .
10...
17...
24...

594
761
768
814
614
744
839
696
985

1,481
1,404
1,374

1940_jan.

7...
14...
21...
28...

1,452
1,101
1,558

Mar. 2 . . .
9...
16...
23...
30...

Feb. 4 . . .
11...
18...
25...

860
720
714
841

Apr. 6 . . .
13...
20...
27...

Mar. 4 . . .
11...
18...
25...

945

815
May 4 . . .
1 1 . . . 1,101
1 8 . . . 3,483
2 5 . . . 2,114

1939_jan.

897

1,133
1,139
1,017

941

Apr. 1 . . .
8...
15...
22...
29...

1,454
1,710
1,329

502
582

June 1 . . .
8...
15...
22...
29...

1,116

May 6 . . .
13...
20...
27...

538
541
510
788

July 6 . . .
13...
20...
27...

346
311
333
259

June 3 . . .
10...
17...
24...

610
597
511
491

454
307
376
317
399

July 1 . . .
8...
15...
22...
29...

637
361
676

Aug. 3 . . .
10...
17...
24...
31...
Sept. 7 . . .
14...
21...
28...

878
457
464
713
698
468
625
650

1,845
1,360

1,535
1,031
869
630
695

2,059

Aug. 5 . . .
12...
19...
26...

1,021

Oct. 5 . . .
12...
19...
26...

2,471
2,112
1,639
2,204
1,622

Sept. 2 . . .
9...
16...
23...
30...

1,195
4,385
3,524
1,967
1,798

Nov. 2 . . .
9...
16...
23...
30...

984

Oct. 7 . . .
14...
21...
28...

1,148

1,266
1,436

Dec. 7 . . .
14...
21...
28...

677
958

801
744

796

878
534
736
731

978
761
671

635
853
853

1,163

17. TRADING IN STOCKS ON THE NEW YORK STOCK EXCHANGE: ROUND-LOT VOLUME — Continued
B. WEEKLY, 1934-64 — Continued
[In thousands of shares]
Week
ending—

Daily
average

Week
ending—

Daily
average

1941—Jan. 4 . .
11..
18..
25..

917
787
567
525

1942—Mar. 7 . . .
14...
21...
28...

504
413
381
348

Feb. 1..

606
464
671
416

Apr. 4 . . .
11...
18.. .
25...

335
351
409
355

15..
22..
29..

397
390
513
521
520

May 2 . . .
9...
16...
23...
30...

355
339
313
411
341

Apr. 5..
12..
19..
26..

649
582
502
491

June 6 . . .
13...
20...
27...

440
342
347
288

May 3 . .
10..
17..
24..
31..

435
631
430
All
371

July 4 . . .
11...
18...
25...

312
563
343
335

June 7..
14..
21..
28..

451
612
461
551

Aug. 1 . . .
8...
15...
22...
29...

303
295
321
450
364

July 5..
12..
19..
26..

415
613
953

Sept. 5 . . .
12...
19...
26...

314
400
424
672

16..
23..
30..

925
657
452
444
449

Oct. 3 . . .
10...
17...
24...
31...

627
966
716
680
627

Sept. 6. .
13..
20..
27..

585
703
729
676

Nov. 7 . . .
14...
21...
28...

844
903
646
661

Oct. 4 . .
11..
18..
25..

474
603
682
653

Dec. 5 . . .
12...
19...
26...

1,030

Nov. 1..

1943—Jan. 2 . . .
9...
16...
23...
30...

1,269

15..
22..
29..

616
793
917
832
944

Dec. 6..
13..
20..
27..

1,168
2,000
1,379
1,707

Feb. 6 . . .
13...
20...
27...

1,046
1,337
1,359
1,819

1942—Jan. 3 . .
10..
17..
24..
31..

2,084

Mar. 6 . . .
13...
20...
27...

1,904
1,594
1,237
1,684

Feb. 7..
14..
21..
28..

469
487
406
421

Apr. 3 . . .
10...
17...
24...

1,978
2,566
1,326
1,168

8..

15..
22..
Mar. 1. .
8..

Aug. 2. .
9..

8..

1,078

740
606
540
537




607
669
913

774
868
817

1,161

Week
ending—

Daily
average

Week
ending—

Daily
average

Week
ending—

Daily
average

Week
ending—

Daily
average

1943—May 1 . . .
8...
15...
22...
29...

1,299
2,630
1,840
1,207
1,290

1944—July 1 . . .
8...
15...
22...
29...

2,023
1,961
1,525
1,530

1945—Sept. 1 . . .
8...
15...
22...
29...

1,267
1,285
1,309
1,439
1,325

1946—Nov. 2 . . .
9...
16...
23...
30...

1,675
1,640
1,153
1,194
1,106

917

Oct. 6 . . .
13...
20...
27...

1,781
1,833
1,867
1,407

Dec. 7 . . .
14...
21...
28...

1,246
1,711
1,420
1,280

1,181

Nov. 3 . . .
10...
17...
24...

1,927
2,237
2,385
2,051

1947__j an . 4 . . .
11...
18...
25...

1,289
1,049
1,201

2,028
2,520
1,729
1,358
1,420

Feb. 1 . . .
8...
15...
22...

1,432
1,611
1,329
1,006
1,095
1,084

846

June 5 . . .
12...
19...
26...

1,434
1,072
1,011

Aug. 5 . . .
12...
19...
26...

July 3 . . .
10...
17...
24...
31...

1,075
1,041
1,382
1,662

Sept. 2 . . .
9...
16...
23...
30...

Aug. 7 . . .
14...
21...
28...

963
597
599
549

Oct. 7 . . .
14...
21...
28...

944
740
833
930

Dec. 1 . . .
8...
15...
22...
29...

Sept. 4 . . .
11...
18...
25...

525
823
744
844

Nov. 4 . . .
11...
18...
25...

788
981
968
840

1946—Jan. 5 . . .
12...
19...
26...

1,263
2,503
2,987
2,066

Mar. 1 . . .
8...
15...
22...
29...

Oct. 2 . . .
9...
16...
23...
30...

631
681
592
659
844

Dec. 2 . . .
9...
16...
23...
30...

1,096
1,644
1,696
1,325
1,681

Feb. 2 . . .
9...
16...
23...

2,632
1,783
1,895
2,087

Apr. 5 . . .
12...
19...
26...

Nov. 6 . . .
13...
20...
27...

1,002
1,471

1945—Jan. 6 . . .
13...
20...
27...

1,968
2,261
1,858
1,389

Mar. 2 . . .
9...
16...
23...
30...

1,822
1,064
1,206
1,297
1,386

May 3 . . .
10...
17...
24...
31...

Dec. 4 . . .
11...
18...
25...

754

Feb. 3 . . .
10...
17...
24...

1,741
1,652
2,080
1,828

Apr. 6 . . .
13...
20...
27...

1,656
1,546
1,607
1,483

June 7 . . .
14...
21...
28...

1,002
1,035

1,821
1,826

May 4 . . .
11...
18...
25...

1,109
1,513
1,211
1,393

July 5 . . .
12...
19...
26.,.

1,151
1,340
1,305
1,192

952

960

843
700

1,054
855
696

1,149
1,038
833

728
742
647
767

901

979
761
906

780
950

1,419

892

882
754

1,250
1,152
824

705
953

1944__Jan. 1 . . .
8...
15...
22...
29...

1,034
902
957
883
757

Mar. 3 . . .
10...
17...
24...
31...

Feb. 5 . . .
12...
19...
26...

869
772
889
993

Apr. 7.. .
14...
21...
28...

June 1 . . .
8...
15...
22...
29...

1,991
1,227
1,141
1,282
1,123

Aug. 2 . . .
9...
16...
23...
30...

1,155

1,152
1,972
1,686

Mar. 4 . . .
11...
18...
25...

824

1,306
1,524
1,364

May 5 . . .
12...
19...
26...

1,599
1,662
1,370
1,305

July 6 . . .
13...
20...
27...

950
989

1,024
1,193

Sept. 6 . . .
13...
20...
27...

794
817
919
776

907
902
823
990

Oct. 4 . . .
11...
18...
25...

1,101
1,070
1,721
1,564

917

1,078
1,049
725

759
805
675
672

Apr. 1 . . .
8...
15...
22...
29...

1,007
790
691
796
623

June 2 . . .
9...
16...
23...
30...

1,699
1,677
1,885
2,217
2,306

Aug. 3 . . .
10...
17...
24...
31...

1,511

May 6 . . .
13...
20...
27...

692
700
771
939

July 7 . . .
14...
21...
28...

1,130

Sept. 7 . . .
14...
21...
28...

2,901
2,796
2,349
1,851

Nov. 1 . . .
8...
15...
22...
29...

1,113

June 3 . . .
10...
17...
24...

1,098
1,210
2,330
1,761

Aug. 4 . . .
11...
18...
25...

778

Oct. 5 . . .
12...
19...
26...

1,042
1,739
1,596

Dec. 6 . . .
13...
20...
27...

1,080
1,204
1,414
1,334

136

984

1,149
961

1,172
1,134
1,265

960

916
871

1,016
969

17. TRADING IN STOCKS ON THE NEW YORK STOCK EXCHANGE: ROUND-LOT VOLUME — Continued
B.

WEEKLY, 1934-63 — Continued
[In thousands of shares]

Week
ending—

Daily
average

Week
ending—

1948—Jan. 3 . .
10..
17..
24..

1,205
1,055
940
1,048

1949_Mar. 5 . . .
12...
19...
26...

31..

yiZ

Week
ending—

Week
ending—

Daily
average

Week
ending—

Daily
average

Week
ending—

Daily
average

800
920
793
856

1950—May 6 . . .
13...
20...
27...

2,365
1,914
1,986
1,670

1951—July 7 . . .
14...
21...
28...

1,424
1,196
1,395
1,728

1952—Sept. 6 . . .
13...
20...
27...

1,191
1,341
1,192
1,359

1953—Nov. 7 . . .
14...
21...
28...

1,563
1,429
1,343
1,507

June 3 . . .
10...
17...
24...

1,559
2,097
1,743
1,768

Aug. 4 . . .
11...
18...
25...

1,876
1,666
1,586
1,341

Oct. 4 . . .
11...
18...
25...

1,036
1,088
1,489
1,104

Dec. 5 . . .
12...
19...
26...

1,705
1,414
1,603
1,563

Daily
average

Daily
average

Feb. 7..
14..
21..
28..

1,044
1,203
768
773

Apr. 2 . . .
9...
16...
23...
30...

1,332
984
928
1,065
882

Mar. 6 . .
13..
20..
27..

779
812
1,197
1,427

May 7 . . .
14...
21...
28...

956
825
888
843

July 1 . . .
8...
15...
22...
29...

3,758
1,751
2,848
2,581
2,610

Sept. 1 . . .
8...
15...
22...
29...

1,617
2,047
2,402
2,237
1,722

Nov. 1 . . .
8...
15...
22...
29...

1,196
1,658
1,473
1,920
2,028

1954—Jan. 2 . . .
9...
16...
23...
30...

2,066
1,417
1,518
1,804
1,937

Apr. 3 . .
10..
17..
24..

1,355
1,318
1,503
2,148

June 4 . . .
11...
18...
25...

1,028
1,012
1,019
748

Aug. 5 . . .
12...
19...
26...

1,935
2,052
1,829
1,802

Oct. 6 . . .
13...
20...
27...

2,084
1,861
1,907
2,176

Dec. 6 . . .
13...
20...
27...

1,680
1,925
1,908
1,749

Feb. 6 . . .
13...
20...
27...

1,787
1,888
1,742
1,551

May 1..
8..
15..
22..
29..

1,556
1,520
2,683
2,723
1,821

733
July 2 . . .
9 . . . • 982
1,002
16...
23...
1,162
30...
1,015

Sept. 2 . . .
9...
16...
23...
30...

1,472
1,609
2,393
2,176
2,343

Nov. 3 . . .
10...
17...
24...

1,658
1,510
1,280
1,235

1953—Jan. 3 . . .
10...
17...
24...
31...

1,850
1,969
1,545
1,373
1,642

Mar. 6 . . .
13...
20...
27...

2,028
1,839
1,787
1,833

June 5..
12..
19..
26..

1,375
1,658
1,698
1,677

Aug. 6 . . .
13...
20...
27...

1,160
1,291
1,103
805

Oct. 7 . . .
14...
21...
28...

2,734
2,315
2,217
2,244

Dec. 1 . . .
8...
15...
22...
29...

1,373
1,679
1,455
1,438
1,563

Feb. 7 . . .
14...
21...
28...

1,779
1,430
1,326
2,242

Apr. 3 . . .
10...
17...
24...

2,157
2,066
2,086
1,979

1,047
1,163
1,585
1,518
QQ"?
yo 1

Sept. 3 . . .
10...
17...
24...

777
879
1,497
1,399

Nov. 4 . . .
11...
18...
25...

1,878
2,150
2,010
2,602

1952—Jan. 5 . . .
12...
19...
26...

1,425
1,697
1,698
1,874

Mar. 7 . . .
14...
21...
28...

1,769
1,707
1,910
1,935

vrQV
iviay

July 3 . .
10..
17..
24..
31..

•? "JAft
Z,Z**\J

Aug. 7..
14..
21..
28..

849
868
676
626

Oct. 1 . . .
8...
15...
22...
29...

1,258
1,402
1,556
,350
[,569

Dec. 2 . . .
9...
16...
23...
30...

2,487
2,406
2,822
3,818
3,532

Feb. 2 . . .
9...
16...
23...

1,828
1,534
1,342
1,658

Apr. 4 . . .
11...
18...
25...

2,456
2,056
1,419
1,573

June 5 . . .
12...
19...
26...

1,830
1,928
1,703
2,065

Sept. 4 . .
11..
18..
25..

830
1,088
737
908

Nov. 5 . . .
12...
19...
26...

1,472
[,397
[,511
1,426

1951—Jan. 6 . . .
13...
20...
27...

3,588
3,536
3,717
2,603

Mar. 1 . . .
8...
15...
22...
29...

1,254
1,479
1,415
1,294
1,386

May 2 . . .
9...
16...
23...
30...

1,275
1,251
1,126
1,367
1,169

July 3 . . .
10...
17...
24...
31...

2,053
2,314
2,565
2,576
2,610

Oct. 2 . .
9..
16..
23..
30..

944
710
906
1,412
1,099

Dec. 3 . . .
10...
17...
24...
31...

1,694
1,788
2,204
1,564
1,994

Feb. 3 . . .
10...
17...
24...

2,902
2,607
2,209
1,954

Apr. 5 . . .
12...
19...
26...

1,538
1,235
1,650
1,385

June 6 . . .
13...
20...
27...

1,307
1,457
1,102
1,024

Aug. 7 . . .
14...
21...
28...

3,189
2,761
2,495
2,022

Nov. 6..
13..
20..
27..

2,348
1,743
1.054
1,142

1950—Jan. 7 . . .
14...
21...
28...

2,260
3,014
1,625
1,514

Mar. 3 . . .
10...
17...
24...
31...

1,787
1,745
2,125
1,411
1,462

May 3 . . .
10...
17...
24...
31...

1,288
1,140
990
1,211
1,126

July 4 . . .
11...
18...
25...

877
914
926
894

Sept. 4 . . .
11...
18...
25...

1,923
1,849
2,080
2,155

Dec. 4 . .
11..
18..
25..

1,294
1,279
,116
1,106

Feb. 4 . . .
11...
18...
25...

2,059
1,780
2,212
1,579

Apr. 7 . . .
14...
21...
28...

1,524
1,715
1,593
1,789

June 7 . . .
14...
21...
28...

1,377
1,357
1,246
1,324

Aug. 1 . . .
8...
15...
22...
29...

1,160
,078
1,012
1,009
1,242

Oct. 2 . . .
9...
16...
23...
30...

1,899
2,158
2,117
2,091
2,098

1..
8..
15..
22..
29..

,544
.087
832
837
953

Mar. 4 . . .
11...
18...
25...

1,615
1,534
1,689
1,895

May 5 . . .
12...
19...
26...

2,067
1,851
1,747
1,788

July 5 . . .
12...
19...
26...

1,457
1,121
1,202
1,125

Sept. 5 . . .
12...
19...
26...

1,311
1,134
1,893
1,108

Nov. 6 . . .
13...
20...
27...

2,640
3,231
3,358
3,422

Feb. 5..
12..
19..
26..

954
1,106
796
857

Apr. 1 . . .
8...
15...
22...
29...

2,189
2,028
2,583
3,123
2,329

June 2 . . .
9...
16...
23...
30...

1,272
1,281
1,353
1,255
1,917

Aug. 2 . . .
9...
16...
23...
30...

1,220
1,210
1,114
1,043
996

Oct. 3 . . .
10...
17...
24...
31...

,021
981
,436
,290
1,358

Dec. 4 . . .
11...
18...
25...

3,364
3,701
3,041
3,542

1949_j a n .




137

i
i . . .

8...
15...
22...
29...

1,987
2,020
2,230
2,146

17. TRADING IN STOCKS ON THE NEW YORK STOCK EXCHANGE: ROUND-LOT VOLUME — Continued
B.

WEEKLY, 1934-63 — Continued
[In thousands of shares]

Week
ending—

Daily
average

Week
ending—

Daily
average

Week
ending—

Daily
average

Week
ending—

Daily
average

Week
ending—

Daily
average

Week
ending—

Daily
average

1 9 5 5 _ j a n . 1..

3,697
4,589
3,474
2,803

1956—Mar. 3 . . .
10...
17...
24...

2,835
2,835
3,086
2,818

1957—May 4 . . .
11...
18...
25...

2,409
2,414
2,617
2,236

1958—July 5 . . .
12...
19...
26...

2,607
2,502
3,083
3,716

1959—Sept. 5 . . .
12...
19...
26...

2,315
2,785
2,444
3,202

I960—Nov. 5 . . .
12...
19...
26...

2,692
3,436
2,794
3,177

Feb. 5 . .
12..
19..
26..

3,254
3,422
3,364
2,876

Apr. 7 . . .
14...
21...
28...

2,839
2,587
2,327
2,522

June 1 . . .
8.. .
15...
22...
29...

Aug. 2 . . .
9...
16...
23...
30...

3,752
3,705
2,924
2,454
2,716

Oct. 3 . . .
10...
17...
24...
31...

2,728
2,373
2,309
2,777
3,821

Dec. 3 . . .
10...
17...
24...
31...

3,362
3,663
3,569
3,685
4,134

Mar. 5 . .
12..
19..
26..

2,990
3,242
2,906
2,475

May 5 . . .
12...
19...
26...

2,637
2,571
2,230
2,308

July 6 . . .
13...
20...
27...

2,169
2,172
2,646
2,181
1,897
2,314
2,649
2,224
1,806

Sept. 6 . . .
13...
20...
27...

2,950
3,146
3,622
3,696

Nov. 7 . . .
14...
21...
28...

3,471
3,239
3,427
3,417

1961—Jan. 7 . . .
14...
21...
28...

3,591
4,445
4,147
4,380

Apr. 2 . .
16..
23..
30..

2,816
2,358
2,868
2,895
2,576

June 2 . . .
9...
16...
23...
30...

2,170
1,976
1,775
1,599
1,800

Aug. 3 . . .
10...
17...
24...
31...

1,775
1,884
1,760
1,984
2,000

Oct. 4 . . .
11...
18...
25...

3,846
3,821
4,881
3,893

Dec. 5 . . .
12...
19...
26...

3,607
3,400
3,219
2,862

Feb. 4 . . .
11...
18...
25...

4,879
4,654
4,604
5,174

May 7 . .
14..
21..
28..

2,313
2,208
2,138
2,028

July 7 . . .
14...
21...
28...

1,968
2,272
2,262
2,110

Sept. 7 . . .
14...
21...
28...

1,370
1,810
1,636
2,528

Nov. 1 . . .
8...
15...
22...
29...

4,147
3,980
4,158
4,143
4,235

I960—Jan. 2 . . .
9...
16...
23...
30...

3,336
3,605
3,536
2,844
2,801

Mar. 4 . . .
11...
18...
25...

5,421
5,805
5,292
5,397

June 4 . .
11..
18..
25..

2,428
2,902
2,678
2,705

Aug. 4 . . .
11...
18...
25...

2,331
2,308
1,806
1,779

Oct. 5 . . .
12...
19...
26...

Dec. 6 . . .
13...
20...
27...

3,513
3,819
3,731
2,981

Feb. 6 . . .
13...
20...
27...

2,814
2,697
3,458
3,172

Apr. 1 . . .
8...
15...
22...
29...

4,940
5,798
5,134
4,943
4,480

July 2 . .
16..
23..
30..

2,308
2,891
2,321
2,316
2,233

Sept. 1 . . .
8...
15...
22...
29...

1,606
1,789
1,967
2,090
1,958

Nov. 2 . . .
9...
16...
23...
30...

1,613
3,115
2,632
4,161
1,992
2,416
2,334
2,501
3,077

1959—Jan. 3 . . .
10...
17...
24...
31...

3,760
4,168
4,203
3,860
3,744

Mar. 5 . . .
12...
19...
26...

3,248
3,196
2,590
2,719

May 6 . . .
13...
20...
27...

4,613
5,205
4,855
3,847

Aug. 6 . .
13..
20..
27..

2,109
1,735
1,455
1,959

Oct. 6 . . .
13...
20...
27...

2,077
1,481
1,635
1,570

Dec. 7 . . .
14...
21...
28...

2,215
2,297
2,635
2,477

Feb. 7 . . .
14...
21...
28...

3,228
2,959
2,701
4,089

Apr. 2 . . .
9...
16...
23...
30...

2,442
2,928
2,613
2,994
2,995

June 3 . . .
10...
17...
24...

3,932
3,944
3,264
3,215

Tiilv 1

Sept. 3 . .
10..
17..
24..

1,812
2,426
2,620
2,408

Nov. 3 . . .
10...
17...
24...

2,120
2,287
2,009
2,250

1958—Jan. 4 . . .
11...
18...
25...

Mar. 7 . . .
14...
21...
28...

0 71 1
Z, /11

4,339
2,103
2,443
1,733

Dec. 1 . . .
8...
15...
22...

2,257
2,398
2,362
2,253

Feb. 1 . . .
8...
15...
22...

Apr. 4 . . .
11...
18...
25...

4,204
4,237
4,323
3,217
3,128
3,125
3,565
3,558

May 7 . . .
14...
21...
28...

Oct. 1..

3,267
2,231
2,420
2,324
2,151
2,474
2,001
1,840

June 4 . . .
11...
18...
25...

Aug. 5 . . .
12...
19...
26...

3,767
3,633
3,605
3,444

/

Sept. 2 . . .
9...
16...
23...
30...

3,033
3,446
2,979
3,183
3,311

8..

15..
22..
Ay. .

9..

9..

•i "if.")
J, JOZ

-1
1
ji...

9 848
Z,o*fo

July

i . . .

.

1 /7O
1, "7Q8

Zy. . .

Nov. 5 . .
12..
19..
26..

1,939
2,338
2,486
2,244

1957_jan. 5 . . .
12...
19...
26...

2,654
2,372
2,301
2,100

Mar. 1 . . .
8...
15...
22...
29...

1,725
2,090
2,401
2,263
2,171

May 2 . . .
9...
16...
23...
30...

3,555
3,799
3,623
3,194
2,975

July 2 . . .
9...
16...
23...
30...

2,791
3,084
3,945
3,195
3,648
3,501
3,540
3,656
2,964
2,954
2,599
2,510
2,773

Dec. 3 . .
10..
17..
24..

2,498
2,619
2,437
2,388
2,252

Feb. 2 . . .
9.. .
16...
23...

1,810
2,088
2,388
1,741

Apr. 5 . . .
12...
19...
26...

2,160
2,075
2,445
2,722

June 6 . . .
13...
20...
27...

2,957
3,094
2,625
2,954

Aug. 6 . . .
13...
20...
27...

2,569
2,940
2,741
3,060

Oct. 7 . . .
14...
21...
28...

3,248
3,235
3,364
3,398

July 4 . . .
11...
18...
25...

3,239
3,744
3,112
2,957

Sept. 3 . . .
10...
17...
24...

2,990
2,713
2,414
2,986

Nov. 4 . . .
11...
18...
25...

3,600
4,821
4,380
4,399

Aug. 1 . . .
8...
15...
22...
29...

3,014
2,554
2,776
2,352
2,101

Oct. 1 . . .
8...
15...
22...
29...

3,571
2,442
2,195
2,586
3,173

Dec. 2 . . .
9...
16...
23...
30...

4,457
4,202
4,398
3,543
4,313

8..

15..
22..
Zy.

ji..

Z,JJ

1956—Jan. 7 . .
14..
21..
28..

2,341
2,420
2,274
2,123

Mar. 2 . . .
9...
16...
23...
30...

1,652
1,810
1,658
1,612
1,710

May 3 . . .
10...
17...
24...
31...

2,481
2,821
2,662
2,507
2,324

Feb. 4 . .
11..
18..
25..

1,955
2,062
2.119
2,642

Apr. 6 . . .
13...
20...
27...

1,948
2,398
2,168
2,683

June 7 . . .
14...
21...
28...

2,706
2,641
2,746
2,667




138

8...
15...
22...
29...

2,991
2,969
2,710
3,472

17. TRADING IN STOCKS ON THE NEW YORK STOCK EXCHANGE: ROUND-LOT VOLUME — Continued
B. WEEKLY, 1934-63 — Continued
[In thousands of shares]
Week
ending—

Daily
average

Week
ending—

Daily
average

Week
ending—

Daily
average

Week
ending—

Daily
average

Week
ending—

Daily
average

Week
ending—

Daily
average

1962—Jan. 6 . .
13..
20..
27..

3,949
3,727
3,625
3,564

1962—May 5 . . .
12...
19...
26...

3,874
3,684
3,913
4,598

2,866
3,024
2,927
3,519

1963—Jan. 5 . . .
12...
19...
26...

4,484
4,779
4,761
4,663

1963—May 4 . . .
11...
18...
25...

4,593
4,856
5,075
4,920

1963—Sept. 7 . . .
14...
21...
28...

6,126
5,559
4,831
5,289

Feb. 3 . .
10..
17..
24..

3,743
3,771
3,365
3,300

1962—Sept. 1 . . .
8...
15...
22...
zy...
Oct. 6 . . .
13...
20...
27...

2,791
2,365
3,336
5,012

Feb. 2 . . .
9...
16...
23...

4,273
4,042
4,522
4,236

4,299
4,740
5,403
6,071

3,455
4,615
3,192
2,783

Nov. 3 . . .
10...
17...
24...

4,015
4,353
4,758
4,618

3,812
3,349
3,521
3,433
3,870

4,158
5,463
4,566
4,109
3,973

Oct. 5 . . .
12...
19...
26...

Mar. 2 . . .
9...
16...
23...
30...

June 1 . . .
8...
15...
22...
29...
July 6 . . .
13...
20...
27...

3,459
3,719
3,454
3,247

Nov. 2. ..
9...
16...
23...
30...

5,733
4,972
4,539
5,642
6,451

Aug. 4 . . . 3,378
1 1 . . . 2,866
1 8 . . . 3,762
2 5 . . . 4,099

Dec. 1 . . .
8...
15...
22...
29...

5,502
4,780
3,677
3,780
3,590

Apr. 6 . . .
13...
20...
27...

4,722
5,544
5,241
5,173

Aufe. 3 . . .
10...
17...
24...
31...

3,340
3,686
4,549
4,109
4,700

Dec. 7 . . .
14...
21...
28...

4,823
4,376
4,899
4,143

Mar. 3 . . 2,996
10.. 3,065
17.. 3,293
24.. 3,166
3 1 . . 2,985
Apr. 7 . .
14..
21..
28..

3,057
3,185
3,115
3,485

June 2 . . . 10,141
9 . . . 4,208
16... 5,354
2 3 . . . 4,162
3 0 . . . 5,155
July 7 . . .
14...
21...
28...




139

18. TRADING IN STOCKS ON THE NEW YORK STOCK EXCHANGE:
TOTAL VOLUME AND VALUE, 1941-63
Year

Total

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug

Sept.

Oct.

Nov.

Dec.

Total volume (millions of shares)
1941
1942
1943
1944

226
168
361
338

19
21
22
24

13
11
29
22

13
12
48
35

15
10
45
18

J3
10
45
21

14
10
33
46

22
11
32
40

15
9
21
28

18
12
19
20

17
20
18
23

19
17
24
22

47
25
26
38

1945
1946
1947
1948
1949

496
502
337
393
353

51
69
32
28
26

42
52
32
23
22

38
36
25
28
25

34
44
29
44
28

42
46
27
55
24

50
32
23
42
24

32
29
32
33
26

29
28
22
21
29

31
58
20
22
30

46
38
36
26
36

52
33
22
36
36

47
37
35
35
48

1950
1951
1952
1953
1954

655
580
432
449
703

55
90
46
45
42

43
58
39
36
43

51
47
35
51
52

61
43
39
51
55

56
53
32
34
52

55
35
32
34
52

57
37
32
27
64

50
43
28
28
71

46
46
30
35
52

61
54
34
31
57

51
37
34
32
72

71
38
51
44
92

1955
1956
1957
1958
1959,

820
699
714
922
1,039

94
60
66
69
106

80
52
52
52
80

83
78
46
57
108

69
69
58
59
92

58
66
67
69
96

69
50
59
66
82

64
57
61
80
91

53
59
53
84
70

68
46
45
81
68

60
51
81
118
73

56
56
59
91
84

65
56
68
96
90

1960,
1961.
1962.
1963,

958
1,292
1,187
1,351

86
115
103
117

73
112
85
97

85
153
88
91

70
132
79
121

82
124
105
126

98
100
156
107

72
71
99
96

81
104
96
102

75
82
74
123

70
90
93
136

72
103
107
111

95
106
103
123

Value (millions of dollars)
1941
1942
1943
1944

5,253
3,673
7,670
8,252

519
446
433
562

336
251
528
565

319
288
861
831

348
226
869
471

324
226
823
578

350
233
715
998

522
259
783
898

344
214
509
610

427
242
467
518

412
400
454
617

422
352
586
617

929
537
641
986

1945
1946
1947
1948
1949

13,462
15,520
9,706
10,923
8,998

1,248
1,946
913
785
715

1,049
1,573
943
657
601

1,060
1,216
770
759
625

967
1,497
817
1,218
715

1,195
1,432
742
1,467
636

1,256
1,147
676
1,223
585

837
1,007
899
934
526

794
974
624
623
672

922
1,616
608
626
729

1,290
1,102
1,039
747
905

1,438
945
677
970
1,035

1,406
1,068
1,000
914
1,252

1950
1951
1952
1953
1954

18,725
18,185
14,720
14,218
24,249

1,408
2,570
1,617
1,412
1,294

1,164
1,785
1,350
1,173
1,458

1,421
1,436
1,214
1,616
1,751

1,530
1,318
1,373
1,538
1,877

1,603
1,739
1,074
1,126
1,844

1,678
1,141
1,093
1,105
1,820

1,692
1,169
1,110
903
2,142

1,456
1,392
977
946
2,410

1,379
1,444
1,009
1,067
1,850

1,796
1,712
1,117
993
2,030

1,617
1,198
1,143
998
2,577

1,981
1,277
1,640
1,342
3,195

1955
1956
1957
1958
1959

32,745
29,787
27,451
32,754
43,476

3,435
2,463
2,586
2,292
4,195

3,058
2,181
1,982
1,832
3,143

3,270
3,242
1,711
2,044
4,331

2,733
2,910
2,259
2,019
3,939

2,302
2,817
2,806
2,319
4,119

2,779
2,138
2,516
2,341
3,676

2,652
2,428
2,615
2,829
3,929

2,223
2,669
2,215
2,895
3,026

2,841
2,057
1,779
2,922
2,875

2,592
2,215

2 fill

4,172
3,069

2,352
2,397
1,960
3,407
3,407

2,509
2,269
2,200
3,682
3,767

1960
1961
1962,
1963,

37,960
52,699
47,341
54,887

3,518
4,176
4,366
4,357

3,068
4,407
3,545
3,741

3,356
5,930
3,703
3,485

2,939
5,205
3,335
4,794

3,291
4,971
4,649
4,849

3,967
4,293
6,034
4,279

2,862
3,051
3,789
3,827

3,119
4,338
3,575
4,215

2,867
3,543
2,930
5,161

2,700
3,898
3,518
5,943

2,785
4,420
4,040
5,082

3,487
4,467
3,857
5,154

NOTE.—Reported by the Securities and Exchange Commission.




140

19. MARGIN REQUIREMENTS, 1934-63
[Perc ent of market value]
1
Effective date
Regulation

Oct. 1,
1934

Feb. 1,
1936

Apr. 1,
1936

Nov. 1,
1937

Feb. 5,
1945

July 5,
1945

Jan. 21,
1946

25-45

25-55

55

40
50

50
50

75
75

100
100

55

40

50

75

100

Regulation T:
For extension of credit by brokers and dealers on listed securities
For short sales
Regulation U:
For loans by banks on stocks

Effective date
Feb. 1,
1947

Mar. 30,
1949

Jan. 17,
1951

Feb. 20,
1953

Jan. 4,
1955

Apr. 23,
1955

Jan. 16,
1958

75
75

50
50

75
75

50
50

60
60

70
70

50
50

75

50

75

50

60

70

50

Regulation T:
For extension of credit by brokers and dealers on listed securities
For short sales
Regulation U:
For loans by banks on stocks

Effective date
Aug. 5,
1958

1




141

July 10,
1962

Nov. 6,
1963

90
90

70
70

50
50

70
70

70

Requirement was the margin "customarily required" by the broker.

July 28,
1960

70
70

Regulation T:
For extension of credit by brokers and dealers on listed securities.
For short sales
Regulation U:
For loans by banks on stocks

Oct. 16,
1958

90

70

50

70

20.

STOCK MARKET CREDIT, 1938-63
[In millions of dollrif s]
Broker and dealer credit

Customer credit

Month

Total
securities
other than
U. S. Govt.
securities

Net debit balances with
N. Y. Stock Exchange
firms secured by 1—
U. S. Govt.
securities

Other
securities

Bank loans to others than
brokers and dealers for purchasing or carrying 2—
U. S. Govt.
securities

Other
securities

Money borrowed
on 3—
U. S. Govt.
securities

Other
securities

Customers'
net
free
credit
balances l

1938—Jan..
Feb..
Mar.
Apr..
May.
June,
July.
Aug.,
Sept.
Oct..
Nov.
Dec.,

1,575
1,551
1,436
1,354
1,347
1,357
1,420
1,443
1,399
1,477
1,511
1,551

958
937
831
763
760
774
843
864
823
905
939
991

617
614
605
591
587
583
577
579
576
572
572
560

641
628
576
485
482
495
528
571
559
617
662
754

288
280
239
248
243
258
284
272
257
270
252
247

1939—Jan..
Feb..
Mar.
Apr.,
May,
June,
July.
Aug.,
Sept.
Oct..
Nov.
Dec,

1,511
1,496
1,484
1,366
1,367
1,377
1,367
1,311
1,366
1,404
1,413
1,412

971
967
953
831
828
834
839
792
856
894
914
906

540
529
531
535
539
543
528
519
510
510
499
506

713
709
699
579
561
570
589
556
520
577
623
637

235
222
225
236
230
230
238
235
305
289
272
266

1940—Jan..
Feb..
Mar.
Apr.,
May.
June,
July.
Aug.,
Sept.
Oct..
Nov.
Dec,

1,371
1,371
1,364
1,383
1,183
1,120
1,116
1,098
1,097
1,108
1,126
1,142

886
893
886
910
702
653
642
631
635
653
666
677

485
478
478
473
481
467
474
467
462
455
460
465

602
616
615
626
459
376
376
368
370
381
383
427

262
253
247
252
251
267
261
256
268
269
280
281

1941_Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug..
Sept.
Oct..
Nov.,
Dec.

1,120
1,089
1,086
1,051
1,073
1,068
1,067
1,065
1,070
1,059
1,053
1,022

661
634
633
606
622
616
628
628
633
628
625
600

459
455
453
445
451
452
439
437
437
431
428
422

392
369
383
364
399
393
384
457
394
412
407
363

275
267
268
265
262
255
266
262
260
255
264
289

1942—Jan..
Feb..
Mar.,
Apr..
May.
June.
July.
Aug..

956
944
938
910
907
892
898
869
881
879
876
925

547
534
531
515
502
496
491
490
500
510
520
543

409
410
407
395
405
396
407
379
381
369
356
382

305
311
307
301
299
308
308
297
311
306
316
380

274
262
249
247
238
240
238
240
240
250
250
270

882
896
954

540
550
610
670
740
761
780
740
820
830
780
789

342
346
344
504
506
424
379
366
999
978
717
578

Sept.,
Oct..
Nov.,
Dec.
1943—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..

Sept..
Oct..
Nov..
Dec.

1,174
1,246
1,185
1.159
,106
,819
,808
,497
,367

For notes see p. 146.




142

294
321
52
220
139
93
78
67
286
264
176
138

299
350
407
443
454
422
482
479
428
430

280
310
320
330
330
334
340
340
320
330
340
354

20.

STOCK MARKET CREDIT, 1938-63 — Continued
[In millions of dollars]
Broker and dealer credit

Customer credit i-—
Net debit balances with
Total
N . Y . Stock Exchange
securities
firms secured by *—
other than
U . S. Govt.
securities
U . S. Govt.
Other
securities
securities

Month

1,081
1,118
1,121
1,067
1,100
1,208
1,286
1,278
1,279
1,285
1,271
1,394

1944—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec.

Bank loans to others than
brokers and dealers for purchasing or carrying 2 —
U . S. Govt.
securities

Other
securities

M o n e y borrowed
on 3 —
U. S. Govt.
securities

Other
securities

Customers'
net
free
credit 1
balances

278
838
579
355
279
1,295
1 318
917
618
522
505
1,526

780
800
820
780
790
887
940
940
940
950
940
1,041

301
318
301
287
310
321
346
338
339
335
331
353

143
194
178
165
120
166
188
158
151
149
167
248

420
455
452
435
426
472
475
474
488
519
478
520

370
370
380
390
400
424
420
410
420
430
430
472

1,439
1,446
1,268
1,311
1,348
1,460
1,393
1,346
1,328
1,321
1,330
1,374

109
106
110
137
145
148
153
158
181
196

925
958
984
1,065
996
952
930
905
914
942

1,093
899
741
623
600
2,012
2,050
1,599
1 283
890
1,222
2,495

369
346
343
353
364
395
397
394
398
416
416
432

206
197
170
162
173
230
213
207
215
217
236
292

526
534
551
539
568
639
611
551
547
526
475
517

530
540
553
575
583
569
579
573
594
632
639
652

1,436
1,312
1,195
1,167
1,162
1,129
1,191
1,136
1,034
1,001
979
976

193
172
166
154
144
140
109
99
82
75
80
74

974
874
769
740
712
675
636
624
549
508
491
473

2,225
2 082
,948
830
,663
559
,460
355
,160
013
901
753

462
438
426
427
450
454
555
512
485
493
488
503

262
244
231
199
191
178
143
119
94
75
72
66

472
401
390
377
356
338
299
258
211
178
166
163

727
755
712
697
669
657
653
647
729
720
723
704

1947 Jan.
Feb
Mar.
Apr
May
June
July
Aug
Sept. ..
Oct
Nov
Dec

978
1,003
1,007
1,000
950
968
998
949
969
1,026
1,005
1,032

69
66
65
62
63
62
68
77
78
79
76
61

464
507
511
491
468
488
496
474
492
529
517
517

625
616
561
542
527
498
522
502
497
480
433
376

514
496
496
509
482
480
502
475
477
497
488
515

62
56
56
45
51
55
75
83
78
72
72
44

149
161
160
161
150
169
176
157
202
185
175
199

687
681
677
665
652
651
677
656
630
614
615
613

1948 Jan
Feb.
Mar
Apr
May
June..
July
Aug
Sept
Oct
Nov
Dec

1,011
960
964
976
1,031
1,056
1,041
1,011
1,016
1,025
1,008
968

56
57
62
66
69
68
74
54
47
45
49
52

511
480
488
506
546
551
535
518
524
535
502
499

312
294
286
280
281
275
272
249
225
209
198
202

500
480
476
470
485
505
506
493
492
490
506
469

37
49
56
63
62
66
69
47
33
32
49
53

180
159
173
177
196
218
218
205
205
219
196
210

622
596
592
614
619
579
577
551
550
540
563
587

933
923
899
976
1,030
1,021
1,048
1,069
1,110
1,131
1,204
1,249

56
58
64
68
67
80
77
75
73
72
63
61

481
469
466
558
593
603
613
624
667
711
751
821

187
189
205
199
200
2"41
224
220
195
184
173
171

452
454
433
418
437
418
435
445
443
420
453
428

55
52
64
69
64
84
83
81
62
60
52
55

191
173
190
260
290
415
316
323
357
356
393
454

573
565
551
542
535
532
530
548
580
586
596
636

1945 Jan.
Feb
Mar
Apr
May

.. .

July
AUK.

Sept
Oct.
Nov
Dec.
1946 Jan..
Feb
Mar.. .
Apr
May.

. .

July.. .
Aug
Sept
Oct
Nov . .
Dec

...

1949 Jan
Feb....
Mar
Apr.
May
June
July
Aug.
Sept
Oct....
Nov.
Dec.

...

1,070
1 10O

For notes see p. 146.




143

20.

STOCK MARKET CREDIT, 193&-63 — Continued
[In millions of dollars]

Customer credit
Month

Total
securities
other than
U. S. Govt.
securities

Net debit balances with
N.Y. Stock Exchange
firms secured by 1—
U. S. Govt.
securities

1950—Jan..
Feb.,
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

1,277
1,337
1,415
1,502
1,600
1,688
1,606
1,648
1,697
1,771
1,838
1,798

46'
47
47
51
64
75
103
126
122
123
127
121

1951—Jan..
Feb..
Mar.
Apr..
May,
June,
July.
Aug.,
Sept.
Oct..
Nov.
Dec.

1,884
1,846
1,822
1,838
1,842
1,826
1,799
1,789
1,810
1,807
1,796
1,826

1952—Jan..
Feb..
Mar.

Other
securities

Broker and dealer credit

Bank loans to others than
brokers and dealers for purchasing or carrying 2—
U. S. Govt.
securities

Other
securities

Money borrowed
on 3—
U. S. Govt.
securities

Customers'
net

free
credit
balances J

Other
securities

1,034
1,111
1,180
1,105
1,104
1,163
1,228
1,233
1,237

150
137
145
138
138
144
164
199
184
186
187
175

422
431
443
468
489
508
501
544
534
543
605
561

38
43
42
38
63
69
121
147
141
133
141
136

455
480
537
581
687
757
634
605
610
626
633
617

669
669
666
678
657
677
712
708
739
771
796
890

114
97
54
45
41
38
43
41
41
40
41
40

1,297
1,269
1,250
1,241
1,246
1,239
1,223
1,219
1,249
1,250
1,238
1,253

167
171
146
127
121
129
135
128
131
127
122
118

587
577
572
597
596
587
576
570
561
557
558
573

110
79
36
32
36
35
42
39
40
45
40
36

580
563
678
629
645
631
630
585
600
608
609
659

948
953
918
879
855
838
825
816
843
853
805
822

1,811
1,799
1,814
1,844
1,845
1,844
1,884
1,938
1,935
1,913
1,937
1,980

39
40
39
38
33
32
67
48
39
31
32
33

1,250
1,241
1,254
1,277
1,279
1,290
1,320
1,290
1,293
1,285
1,314
1,332

106
102
100
93
93
103
153
134
132
114
109
149

561
558
560
567
566
554
564
648
642
628
623
648

34
38
37
36
34
41
161
60
43
29
31
30

599
614
696
782
813
873
966
866
848
831
847
877

809
790
766
756
726
714
692
675
692
692
706
727

1953—Jan..
Feb..
Mar..
Apr..
May.
June.
July.,
Aug..
Sept..
Oct..
Nov..

31
30
28
25
40
35
29
27
34
31
31
31

1,314
1,320
1,486
1,569
1,631
1,650
1,635
1,655
1,592
1,610
1,623
1,665

130
132
52
59
60
57
50
52
53
55
71
88

741
739
740
730
724
689
713
683
673
669
691
780

44
33
29
28
47
50
45
48
41
75
87
88

864
838
937

Dec.

2,055
2,059
2,226
2,299
2,355
2,339
2,348
2,338
2,265
2,279
2,314
2,445

732
730
744
738
673
659
650
641
674
672
682
713

1954—Jan..
Feb..
Mar..
Apr..
May.
June.
July.,
Aug..
Sept..
Oct..
Nov..
Dec.

2,443
2,405
2,444
2,535
2,666
2,678
2,734
2,830
2,953
3,050
3,203
3,436

34
35
39
38
45
37
33
31
34
36
40
41

1,655
1,653
1,677
1,748
1,796
1,822
1,893
1,967
2,048
2,095
2,202
2,388

70
67
80
62
68
43
34
34
36
38
31
65

788
752
767
787
870
856
841
863
905
955

1,018

1,001
1,048

90
93
83
85
103
82
70
69
66
69
63
69

1955—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct..
Nov..
Dec.

3,537
3,643
3,732
3,785
3,787
3,870
3,911
3,865
3,966
3,944
3,980
4,030

42
63
49
48
47
46
45
43
43
40
38
34

2,517
2,590
2,652
2,704
2,684
2,711
2,734
2,710
2,805
2,749
2,759
2,791

35
39
33
27
28
31
29
29
33
29
27
32

1,020
1,053
1,080
1,081
1,103
1,159
1,177
1,155
1,161
1,195
1,221
1,239

77
113
78
74
72
73
77
71
68
71
75
51

,620
,666
,861
,988
2,047
2,020
2,003
1,994
2,056
2,088
2,185
2,250

M*ay!
June.
July.
Aug..
Sept.,
Oct..
Nov.,
Dec.

855
906
972

For notes see p. 146.




144

1,040
1,146
1,167
1,116
1,134
1,029
1,024
1,040
1,074
969
971

,009
,082
,092
,099
,125
,225
,295
,353
,529

741
768
787
819
836
847
877
910
924
924
972

1,019
1,069
1,063
1,022
973
928
917
918
887
977
920
876
894

20.

STOCK MARKET CREDIT, 1938-63 — Continued
[In millions of dollars]
Customer credit

Month

Total
securities
other than
U. S. Govt.
securities

Net debit balances with
N. Y. Stock Exchange
firms secured by 1—
U. S. Govt.
securities

Other
securities

Broker and dealer credit

Bank loans to others than
brokers and dealers for purchasing or carrying 2—
U. S. Govt.
securities

Othersecurities

Money borrowed
on 3—

U. S. Govt.
securities

Other
securities

Customers'
net
free
credit 1
balances

1956—Jan.. .
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct.. .
Nov..
Dec.

4,040
3,991
4,038
4,043
4,047
4,009
4,026
3,979
3,950
3,914
3,946
3,984

36
34
31
33
38
34
31
33
33
36
32
33

2,786
2,740
2,786
2,788
2,810
2,786
2,812
2,785
2,782
2,748
2,784
2,823

37
36
40
40
40
48
45
41
42
42
43
41

1,254
1,251
1,252
1,255
1,237
1,223
1,214
1,194
1,168
1,166
1,162
1,161

54
52
50
44
42
39
31
38
42
45
43
46

2,148
2,137
2,127
2,145
2,186
2,195
2,211
2,048
2,071
2,086
2,071
2,132

905
913
960
896
870
836
858
872
866
835
822
880

1957—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct..
Nov..
Dec.

3,902
3,846
3,832
3,938
3,924
4,031
4,004
3,929
3,882
3,643
3,577
3,576

29
35
28
28
39
31
32
30
35
39
42
68

2,761
2,729
2,713
2,792
2,794
2,887
2,885
2,833
2,789
2,568
2,517
2,482

41
31
27
28
26
25
23
24
21
31
33
60

1,141
1,117
1,119
1,146
1,130
1,144
1,119
1,096
1,093
1,075
1,060
1,094

42
53
47
53
52
52
59
58
63
72
56
125

1,964
2,004
1,958
2,051
2,063
2,104
2,079
2,035
2,046
,708
,641
,706

866
828
820
807
817
820
829
816
838
879
876
896

1958—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct..
Nov..
Dec.

3,554
3,679
3,863
3,980
4,069
4,218
4,293
4,243
4,350
4,409
4,464
4,537

126
102
111
134
141
240
149
140
122
123
124
146

2,487
2,580
2,665
2,735
2,856
2,921
3,021
3,013
3,109
3,188
3,245
3,285

58
79
86
70
75
84
113
48
51
59
50
63

1,067
1,099
1,198
1,245
1,213
1,297
1,272
1,230
1,241
1,221
1,219
1,252

188
199
206
230
244
468
306
251
210
193
210
234

,552
,647
,784
,822
,809
,930
,903
,751
,865
,832
,923
2,071

937
939
954
985
979
,047
,080
,103
,119
,140
,148
,159

1959—Jan.. .
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct.. .
Nov..
Dec.

4,597
4,569
4,636
4,764
4,758
4,734
4,654
4,534
4,449
4,408
4,467
4,461

155
157
153
166
164
158
153
154
156
168
165
150

3,297
3,253
3,305
3,401
3,385
3,388
3,374
3,269
3,250
3,210
3,273
3,280

62
65
55
55
58
58
168
169
166
161
161
167

1,300
1,316
1,331
1,363
1,373
1,346
1,280
1,265
1,199
1,198
1,194
1,181

230
223
218
252
252
237
228
217
231
227
236
221

,990
,963
1,977
2,156
2,159
2,246
2,205
2,199
2,149
2,178
2,256
2,362

,226
,196
,257
,205
,188
,094
,079
,035
,039
967
974
996

I960—Jan...
Feb..
Mar..
May!
June.
July..
Aug..
Sept..
Oct.. .
Nov..
Dec.

4,372
4,281
4,165
4,161
4,142
4,221
4,143
4,252
4,292
4,303
4,303
4,415

134
138
117
113
130
106
110
111
122
111
99
95

3,198
3,129
3,028
3,037
3,021
3,082
3,004
3,109
3,137
3,133
3,141
3,222

158
150
141
139
144
139
139
145
151
140
133
138

1,174
1,152
1,137
1,124
1,121
1,139
1,139
1,143
1,155
1,170
1,162
1,193

190
202
161
185
208
162
187
173
177
161
139
142

2,233
2,194
2,059
2,155
2,115
2,110
2,042
2,063
2,143
2,139
2,129
2,133

998
981
988
940
970
,016
,018
,021
,059
,063
,062
,135

1961—Jan...
Feb..
Mar..
Apr..
May.
June.
July. .
Aug..
Sept..
Oct..
Nov..
Dec.

4,424
4,532
4,787
5,190
5,386
5,367
5,355
5,349
5,311
5,333
5,460
5,602

77
68
55
50
40
51
50
49
46
44
39
35

3,253
3,358
3,601
3,936
4,060
4,024
3,991
3,972
3,991
4,029
4,141
4,259

126
132
113
112
108
104
106
102
109
103
102
125

1,171
1,174
1,186
1,254
1,326
1,343
1,364
1,377
1,320
1,304
1,319
1,343

101
94
70
67
58
67
69
56
64
56
51
48

1,937
1,905
1,927
2,284
2,529
2,748
2,728
2,679
2,666
2,654
2,752
2,954

,269
,392
,507
,508
,453
,283
,207
,208
,227
,214
,213
,219

For notes see p. 146.




145

20.

STOCK MARKET CREDIT, 1938-63 — Continued
[In millions of dollars]
Customer credii

Month

Total
securities
other than
U.S. Govt.
securities

Net debit balances with
N. Y. Stock Exchange
firms secured by 1—

Broker and dealer credit
Bank loans to others than
brokers and dealers for
purchasing or carrying 2—

Money borrowed on 3—

U.S. Govt.
securities

Other
securities

U.S. Govt.
securities

Other
securities

U.S. Govt.
securities

Other
securities

Customers'
net
free
credit 1
balances

1962—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec..

5,464
5,426
5,457
5,491
5,408
4,938
4,876
5,073
5,156
5,165
5,285
5,494

34
34
34
36
35
32
29
23
27
25
24
24

4,111
4,066
4,083
4,079
4,000
3,605
3,562
3,773
3,887
3,864
3,951
4,125

111
133
105
117
91
92
83
80
81
81
82
97

[,353
1,360
1,374
1,412
1,408
1,333
1,314
1,300
1,269
1,301
1,334
1,369

51
71
52
57
44
46
32
35
49
29
28
35

2,860
2,812
2,912
3,015
2,845
2,194
2,091
2,472
2,689
2,596
2,558
2,785

1,225
1,190
1,154
1,110
1,205
1,374
[,252
[,130
1,091
[,126
1,151
1,216

1963—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec..

5,595
5,717
5,754
5,978
6,229
6,420
6,511
6,660
6,971
7,180
7,298
7,242

28
23
28
27
24
32
25
23
41
29
34
26

4,208
4,332
4,331
4,526
4,737
4,898
4,895
5,034
5,316
5,495
5,586
5,515

95
91
100
99
75
104
81
87
86
83
90
140

,387
1,385
,423
,452
1,492
1,522
,616
,626
,655
,685
1,712
,727

32
35
63
33
33
44
29
23
69
33
28
32

2,895
3,059
3,129
3,239
3,655
3,909
3,836
3,933
4,100
4,218
4,457
4,449

1,199
1,191
1,175
1,201
1,166
1,149
,126
,093
,180
,176
,211
,210

1
End-of-month ledger balance of member firms of the NYSE carrying
margin accounts, as reported to the Exchange.
2 Weekly reporting member bank data for the last Wednesday of the
month.




146

3
Member firms of the NYSE carrying margin accounts; end-of-month
data through May 1955, last Wednesday thereafter.

21. DETAILED DEBIT AND CREDIT BALANCES AND RELATED ITEMS OF MEMBER FIRMS OF THE
NEW YORK STOCK EXCHANGE CARRYING MARGIN ACCOUNTS, 1942-63
[In millions of dollars]
1942

1943

1944

1946

1945

1947

Item
June

DEBIT BALANCES
Cash on hand and in banks
Securities—
Borrowed
Sold, delivery pending (failed to deliver)
Net debit balances due from—
Member firms of national securities exchanges:
N.Y. Stock Exchange
Other exchanges
All other customers exclusive of firms' own
partners secured by—
U.S. Govt. securities
Other collateral
Net debit balances in partners' individual investment & trading accounts
Debit balances in—
Firm investment accounts
Firm trading & underwriting accounts
Commodity margins on deposit with banks &
commodity guaranty funds on deposit
All other debit balances
Total.
CREDIT BALANCES
Money borrowed
From banks and trust companies:
U.S. agencies of foreign banks
U.S. banks:
In New York City
Elsewhere
From other lenders (not including 1members of
national securities exchanges)
Securities—
Loaned.
Bought, delivery pending (failed to receive)....
Net credit balances due to member firms of
national securities exchanges:
N.Y. Stock Exchange
Other exchanges
Credit balances of other customers exclusive of
firms' own partners:
Free credit balances
Other net credit balances
Credit balances & money borrowed which are
subordinated to general creditors under
approved agreements
Net credit balances in partners' individual investment & trading accounts
Credit balances in firm investment & trading
accounts
All other credit balances (except those included
in the next item)
Net balance in capital, profit & loss, & partners'
drawing accounts
Total.

Dec

160

June

Dec,

167

181

20
51

48
7

June

Dec.

June

Dec.

June

Dec.

456

395

393

220

313

370

34
108

32
143

23
106

28
75

60
9

68
7

43
12

38
9

1,041

49

209

1,223

1,138

809

540

552

578

496

543

761

789

9

7

9

11

5

7

11

12

7

5

6

7

86

154

190

188

253

260

333

413

399

312

333

315

13
48

11
45

11
51

10
49

12
60

15
81

25
92

29
78

32
78

47
74

904

1,029

1,317

1,340

1,562

12
48
1,751

15
63
2,081

2,224

1,885

1,532

[,519

1,563

309

378

529

558

619

726

854

795

498

218

223

240

305
253
52

373
317
56

527
472
55

555
483
72

616
539
77

722
641
81

849
749
100

789
688
101

493
424
69

215
182
33

219
189
30

237
205
32

30
47

28
35

37
61

38
77

47
111

48
153

44
113

43
65

54
74

56
4

67
6

425
95

472
96

549
121

654
112

651
120

694
120

650
162

612
176

23

4
20
16

48
7

35
10

49
9

240
56

270
54

334
66

354
65

16

15

15

14

15

18

14

29

24

30

24

4

4

7

5

11

8

13

13

17

10

9

15

16

20

23

29

27

30

34

50

46

42

33

50

189

182

212

198

216

227

264

299

314

290

271

273

904

1,029

1,317

1,340

1,562

1,751

2,081

2,224

1,885

1,532

1,519

1,563

For note see p. 150.




Dec,

25
81

196

17
40

50
7

180

June

147

21.

DETAILED DEBIT AND CREDIT BALANCES AND RELATED ITEMS OF MEMBER FIRMS OF THE
NEW YORK STOCK EXCHANGE CARRYING MARGIN ACCOUNTS, 1942-63 — Continued
[In millions of dollars]
1949

1948

1950

1952

1951

1953

Item
June
30

DEBIT BALANCES
Cash on hand and in banks
Securities—
Borrowed
Sold, delivery pending (failed to deliver)
Net debit balances due from—
Member firms of national securities exchanges:
N.Y. Stock Exchange
Other exchanges
All other customers exclusive of firms' own
partners secured by—
U.S. Govt. securities
Other collateral
Net debit balances in partners' individual investment & trading accounts
Debit balances in—
Firm investment accounts
Firm trading & underwriting accounts
Commodity margins on deposit with banks &
commodity guaranty funds on deposit
All other debit balances
Total.
CREDIT BALANCES
Money borrowed
From banks and trust companies:
U.S. agencies of foreign banks
U.S. banks
In New York City
Elsewhere
From other lenders (not including 1members of
national securities exchanges)
Securities—
Loaned
Bought, delivery pending (failed to receive)....
Net credit balances due to member firms of
national securities exchanges:
N.Y. Stock Exchange
Other exchanges
Credit balances of other customers exclusive of
firms' own partners:
Free credit balances
Other net credit balances
Credit balances & money borrowed which are
subordinated to general creditors under
approved agreements
Net credit balances in partners' individual investment & trading accounts
Credit balances in firm investment & trading
accounts
All other credit balances (except those included
in next item)
Net balance in capital, profit & loss, & partners'
drawing accounts
Total.

Dec.
31

June
30

June
30

Dec.
31

June
30

Dec.
31

June
30

Dec.
31

349

280

306

314

397

364

378

365

343

38
114

332

44
151

50
94

51
97

43
79

June
30

38
100

40
9

49
8

282

Dec.
31

297
62
99

100
11

88
10

1,362

1,684

1,694

79
14
1,292

1,327

619

550

681

881

1,256

1,356

1,275

7

10

5

5

12

9

10

12

9
427

406

347

404

7

326

312

419

400

386

399

375

392

33
65

34
69

25
66

26
82

31
81

41
106

43
93

52
96

42
110

49
105

37
93

37
105

1,525

1,435

1,611

1,876

2,324

2,591

2,390

2,458

2,493

2,506

2,665

2,804

283

257

493

523

827

745

680

695

912

920

1,216

1,170

276
247
29

253
220
33

487
440
47

517
471
46

814
744
70

738
663
75
6

670
615
55

687
622
65

902
825
77

898
807
91

1,196
1,066
130

1,155
982
173

10

22

20

15

44
79

35
54

50
48

70
113

71
142

74
94

83
98

72
85

72
98

68
67

110
97

33
7

41
6

45
8

74
7

60
10

64
10

63
10

71
9

89
6

75

576
145

586
112

528
129

633
159

673
166

890
230

834
225

816
259

708
219

724
200

653
163

709
208

20

28

20

26

25

36

26

42

23

35

23

28

11

16

9

16

31

55

59

45

54

11

5

9

15

11

12

10

13

34

41

28

41

46

78

51

67

291

278

260

271

312

317

319

314

324

315

319

313

1,876

2,324

2,591

2,390

2,458

2,493

2,506

2,665

2,804

1,525

1,435

[,611

For note see p. 150.




Dec.
31

148

21. DETAILED DEBIT AND CREDIT BALANCES AND RELATED ITEMS OF MEMBER FIRMS OF THE
NEW YORK STOCK EXCHANGE CARRYING MARGIN ACCOUNTS, 1942-63 — Continued
[In millions of dollars]
1954

1955

1956

1958

1959

Item
June 30
DEBIT BALANCES
Cash on hand and in banks
Securities—
Borrowed
Sold, delivery pending (failed to deliver)
Net debit balances due from—
Member firms of national securities exchanges:
N.Y. Stock Exchange
Other exchanges
All other customers exclusive of firms' own partners secured by—
U.S. Govt. securities
Other collateral
Net debit balances in partners' individual investment & trading
accounts
Debit balances in—
Firm investment accounts
Firm trading & underwriting accounts
Commodity margins on deposit with banks & commodity guaranty
funds on deposit
All other debit balances

Dec. 31

June 30

Dec. 31

June 30

Dec. 31

June 30

June 30

309

348

337

331

322

336

324

363

64
122

91
207

85
214

75
168

65
148

79
183

134
170

129
291

77
10

114
15

144
16

162
13

151
14

157
16

132
15

159
18

1,857

2,443

2,768

2,830

2,811

34
2,832

253
2,926

165
3,370

10

11

14

18

21

20

35

36

335
486

286
336

626

673

707

625

41
98

44
116

35
144

38
188

38
137

34
134

23
151

39
190

3,080

Total.

492

215
348

4,014

4,430

4,530

4,332

4,388

4,985

5,382

1,173

1,616

2,115

2,345

2,266

2 2,195

2,387

2,508

1,159
976
183

1,603
1,343
260

2,075
1,744
331

2,319
2,010
309

2,231
7,572
359

622
2,078 1 1,743
1,712
1,402
366
341

605
1,871
1,428
444

CREDIT7BALANCES
Money borrowed
From banks and trust companies:
U.S. agencies of foreign banks
U.S. banks
In New York City
Elsewhere
From other lenders (not including members of national securities
exchanges) 1
Securities—
Loaned
Bought, delivery pending (failed to receive)
Net credit balances due to member firms of national securities
exchanges:
N.Y. Stock Exchange
Other exchanges
Credit balances of other customers exclusive of firms' own partners:
Free credit balances
-.
Other net credit balances
Credit balances & money borrowed which are subordinated to general
creditors under approved agreements
Net credit balances in partners' individual investment & trading
accounts
Credit balances in firm investment & trading accounts
All other credit balances (except those included in next item)
Net balance in capital, profit & loss, & partners' drawing accounts
Total.

14

14

40

27

35

69

21

31

116
123

162
201

156
218

130
167

124
156

140
177

187
181

204
294

96
14

126
11

129
7

123

125

120
9

132
13

838
248

1,023
287

918
241

889
227

837
207

878
229

1,034
367

1,070
277

20

22

23
45
64
372

53
65
95
401

31
62
85
467

44
27
102
462

34
34
78
466

36
37
90
471

34
82
83
483

38
71
149
604

3,080

4,014

4,430

4,530

4,332

4,388

4,985

5,382

245
150
1,451

156
161
[,824

204
98
239

105
64
198

24
316

24
320

Money borrowed, according to collateral:
Customer collateral:
Exempt securities (under Sec. 3(a) of Securities Exchange Act
—1934):
U.S. Govt. or agency
Other securities
Nonexempt securities or mixed collateral
Firm or partners' collateral:
Exempt securities (under Sec. 3(a) of Securities Exchange Act
—1934):
U.S. Govt. or agency
Other securities
Nonexempt securities or mixed collateral
Unsecured
Value of securities sold under repurchase agreements.
Number of firms

299

For note see following page.




149

301

303

306

21. DETAILED DEBIT AND CREDIT BALANCES AND RELATED ITEMS OF MEMBER FIRMS OF THE
NEW YORK STOCK EXCHANGE CARRYING MARGIN ACCOUNTS, 1942-63—Continued
[In millions of dollars]
1960

1961

1962

1963

June 30

June 30

June 30

June 30

366

422

437

422

96
334

152
530

151
368

181
275

134
22

216
36

169
22

219
25

104
3,081
37

48
4,024
58

31
3,604
74

31
4,916
70

309
374

293
582

243
520

247
694

23
218

22
309

30
303

31
347

5,097

6,694'

5,954

7,460

2,331

2,880

2,305

4,027

806
1,473
1,157
316

817
2,016
1,515
501

525
1,739
1,007
732

815
3,155
1,852
1,303

52

47

41

56

167
352

233
568

211
363

244
289

120
11

174
23

153
17

202
12

1,006
246

1,264
335

1,330
441

1,115
369

25
37
61
129
612

31
47
100
241
797

51
43
76
771
193

90
36
116
759
200

5,097

6,694

5,954

7,460

96
123
1,722

38
108
2,289

23
93
1,833

27
188
3,181

107
99
182

41
104
300
1

24
106
227

19
119
492

24
328

27
336

42
337

44
335

Item

DEBIT: BALANCES
Cash on hand and in banks
Securities—
Borrowed
.
Sold, delivery pending (failed to deliver)
Net debit balances due from—
Member firms of national securities exchanges:
N.Y. Stock Exchange
Other exchanges
All other customers exclusive of firms' own partners secured by—
U.S. Govt. securities
Other collateral
Net debit balances in partners' individual investment & trading accounts
Debit balances in—
Firm investment accounts
Firm trading & underwriting accounts
Commodity margins on deposit with banks & commodity guaranty
funds on deposit
All other debit balances
Total
CREDIT BALANCES
Money borrowed
From banks and trust companies:
U.S. agencies of foreign banks
U.S. banks
In New York City
Elsewhere
From other lenders (not including members of national securities
exchanges) 1
Securities—
Loaned
Bought, delivery pending (failed to receive)
Net credit balances due to member firms of national securities exchanges:
N.Y. Stock Exchange
Other exchanges
Credit balances of other customers exclusive of firms' own partners:
Free credit balances
Other net credit balances
Credit balances & money borrowed which are subordinated to general
creditors,under approved agreements
Net credit balances in partners' individual investment & trading accounts
Credit balances in firm investment & trading accounts
All other credit balances (except those included in next item)
Net balance in capital, profit & loss, & partners' drawing accounts
Total
Money borrowed, according to collateral:
Customer collateral:
Exempt securities (under Sec. 3(a) of Securities Exchange Act—1934):
U.S. Govt. or agency
Other securities
Nonexempt securities or mixed collateral
Firm or partners' collateral:
Exempt securities (under Sec. 3(a) of Securities Exchange Act—1934):
U.S. Govt. or agency
Other securities
Nonexempt securities or mixed collateral
Unsecured
Value of securities sold under repurchase agreements
Number of firms

2
Includes $48 million of money borrowed secured by U.S. Govt.
securities not further classified.

1
Before 1958 probably includes some borrowing from U.S. agencies
of foreign banks.




150

22.

MONEY BORROWED BY MEMBER FIRMS OF THE NEW YORK STOCK EXCHANGE, 1941-63
[In millions of dollars]
Byfirmsnot carrying
margin accounts

Month

Total

Byfirmsnot carrying
margin accounts

B y firms carrying
margin accounts

On
On
U. S. On
U. S. On
Total Govt. other Total Govt. other
secu- secusecu- securities rities
rities rities

Month

Total

By firms carrying
margin accounts

On
On
U. S. On
U. S. On
Total Govt. other Total Govt. other
secu- secusecu- securities rities
rities rities

413
403
413
383
453
416
404
513
417
444
436
389

21
34
30
19
54
24
20
56
23
33
29
25

392
369
383
364
399
393
384
457
394
412
407
363

1947_jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec.

294
291
302
278
310
416
313
335
378
333
313
301

84
74
86
72
109
191
62
95
97
76
66
57

45
30
45
37
79
151
29
67
61
38
27
13

38
43
41
36
30
41
34
28
37
38
40
44

210
217
216
205
201
224
251
241
280
257
247
244

62
56
56
45
51
55
75
83
78
72
72
44

149
161
160
161
150
169
176
157
202
185
175
199

1942—Jan.
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

325
340
330
335
324
340
346
326
365
357
342
449

19
29
23
34
25
32
38
29
54
51
26
70

305
311
307
301
299
308
308
297
311
306
316
380

1948_Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.,
Oct..
Nov.,
Dec.

285
291
272
311
385
397
375
323
306
303
347
421

68
83
43
70
127
113
88
72
67
51
102
158

26
25
12
32
92
74
46
37
39
18
69
117

42
58
31
38
36
39
42
35
28
33
33
40

217
208
229
241
258
284
288
252
238
252
244
264

37
49
56
63
62
66
69
47
33
32
49
53

180
159
173
177
196
218
218
205
205
219
196
210

1943_j a n
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

331
356
387
621
608
619
596
942
873
718
683

37
35
36
157
75
72
86
107
174
130
114
115

23
142
58
57
49
92
154
108
94
97

13
15
17
15
37
15
20
22
20
19

294
321
351
570
546
536
532
489
768
743
604
567

52
220
139
93
78
67
286
264
176
138

299
350
407
443
454
422
482
479
428
430

1949—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug..

339
313
396
480
495
696
542
538
573
572
580
674

92
88
143
150
140
198
142
134
154
156
135
166

66
59
114
109
100
81
88
64
81
93
63
77

27
29
28
41
41
117
55
70
73
64
72
88

247
225
254
329
355
498
399
404
418
416
445
509

55
52
64
69
64
84
83
81
62
60
52
55

191
173
190
260
290
415
316
323
357
356
393
454

1944—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

731
811
747
697
655
864
787
743
780
813
878
973

167
162
117
97
110
225
124
111
141
145
234
205

140
115
83
63
68
180
89
84
107
100
192
165

28
47
35
34
42
45
35
28
34
44
42
40

563
649
630
600
545
639
663
632
638
668
644
768

143
194
178
165
120
166
188
158
151
149
167
248

420
455
452
435
426
472
475
474
488
519
478
520

1950_jan..
Feb..
Mar.,
Apr..
May.
June.
July.
Aug..

637
643
723
806
912
962
936
842
883
884
923
909

145
120
144
187
162
137
182
90
132
125
150
156

56
45
71
88
78
47
102
32
63
63
79
75

88
75
72
99
84
89
80
58
69
62
70
81

493
522
579
619
750
826
755
752
751
759
774
753

38
43
42
38
63
69
121
147
141
133
141
136

455
480
537
581
687
757
634
605
610
626
633
617

1945__Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

913
891
832
874
983
1,183
1,024
947
947
911
963
1,074

181
160
110
173
242
314
200
189
185
168
252
265

142
118
67
132
193
259
144
144
135
106
186
203

39
42
44
41
49
54
56
45
50
62
66
62

732
731
722
701
742
869
824
759
762
743
711
809

206
197
170
162
173
230
213
207
215
217
236
292

526
534
551
539
568
639
611
551
547
526
475
517

1951—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..

844
762
864
749
774
747
793
706
727
737
753
850

153
119
150
88
93
81
121
82
87
84
103
155

68
54
25
16
23
21
45
23
20
17
31
59

85
66
125
72
71
60
76
59
68
67
73
95

690
642
715
661
681
666
672
624
640
653
649
695

110
79
36
32
36
35
42
39
40
45
40
36

580
563
678
629
645
631
630
585
600
608
609
659

1946—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

883
809
895
745
732
732
598
509
408
371
398
357

149
165
273
169
185
216
156
132
103
117
160
128

100
126
228
107
133
163
98
85
62
85
134
92

48
39
45
62
52
53
58
47
40
32
26
37

734
645
622
575
547
516
442
377
305
253
238
229

262
244
231
199
191
178
143
119
94
75
72
66

472
401
390
377
356
338
299
258
211
178
166
163

1952—Jan..
Feb..
Mar..

691
714
808
955
968
1,162
1,463
1,063
1,013
1,019
1,097
1,207

59
62
74
137
120
248
337
137
122
158
220
299

3
5
68
47
169
146
44
25
77
132
175

58
59
69
70
73
79
191
93
97
81
88
125

633
652
734
818
847
914
1,126
926
891
860
877
907

34
38
37
36
34
41
161
60
43
29
31
30

599
614
696
782
813
873
966
866
848
831
847
877

1941_j a n
Feb
Mar
M^iy'.'.'.'.'.'.'.'.'.

June
July
Aug
Sept
Oct
Nov....
Dec

in

Sept.,
Oct..
Nov..
Dec.

Sept..
Oct..
Nov..
Dec.

Sept..
Oct..
Nov..
Dec.

For NOTE see p. 153.




151

June.
July.
Aug..

Sept..
Oct..
Nov..
Dec.

22. MONEY BORROWED BY MEMBER FIRMS OF THE NEW YORK STOCK EXCHANGE, 1941-63 — Continued
[In millions of dollar^]
By firms not carrying
margin accounts
Month

By firms carrying margin accounts

Total

On

Total

On U. S.
Govt.
securities

other
securities

Total

908
871
966

On

1953—Jan..
Feb..
Mar.
Apr.,
May.
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.

1,086
1,216
1,302
1362
1,335
1,333
1,228
1 249
1,357
1,461

107
107
120
149
109
145
174
152
158
151
231
299

18
U
10
30
25
54
96
81
65
53
70
146

89
96
110
119
84
90
78
70
94
97
161
154

1954—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

1 263
1,207
1,228
1,237
1 400
1,460
1 399
1,503
1 606
1,631
1,698
1,919

155
145
174
143
214
287
230
310
315
267
281
321

49
28
64
21
81
143
83
142
102
87
102
102

106
117
110
122
133
144
147
168
212
180
179
219

J 108
,062
,054
,094

1955—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

1,904
1,971
2,105
2,223
2,306
2,288
2,354
2,276
2,329
2,453
2,501
2,569

208
192
166
161
187
195
274
211
205
293
241
268

48
33
10
18
28
16
85
38
28
55
31
43

1956—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

2,438
2,438
2,417
2,411
2,442
2,457
2,440
2,273
2,313
2,300
2,271
2,474

236
250
240
222
213

1957—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
1958—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

1,015
979

44
33
29
28
47
50
45
48
41
75
87
88

Total

other securities
Customer
collateral

Other
collateral

864
838
937

1,040
1 146
1,167
1,116
1,134
1,029
1,024
1,040
1,074
1,018

,194
,291
,364
,416
,598

169

90
93
83
85
103
82
70
69
66
69
63
69

160
158
156
143
159
179
189
174
178
238
210
225

,696
,779
.939
2^062
2,119
2,093
2,080
2,064
2,124
2,159
2,260
2,301

77
113
78
74
72
73
77
71
68
71
75
51

1,620
1,666
1,861
1,988
2,047
2,020
2,003
1,994
2,056
2,088
2,185
2,250

[,636
1,659
[,681
[,675
1,685
1,705
[,711
[,741
1,816

352
388
339
328
309
351
377
444
434

198
186
201
168
157
296

30
31
25
32
28
27
19
10
43
9
17
104

206
219
215
190
185
195
180
176
158
159
140
192

2,202
2,189
2,177
2,189
2,228
2,234
2,242
2,087
2,113
2,132
2,114
2,178

54
52
50
44
42
39
31
38
42
45
43
46

2,148
2,137
2,127
2,145
2,186
2,195
2,211
2,048
2,071
2,086
2,071
2,132

1,734
1,756
1,742
1,794
1,842
1,853
[,873
1,742
1,777
,788
,822
,852

414
381
385
351
344
342
338
306
294
298
249
280

2,176
2,233
2,169
2,272
2,287
2,394
2,304
2,303
2,289
1,952
1,862
2,185

170
177
164
168
172
239
166
210
181
172
164
354

42
22
13
14
24
68
35
81
33
33
35
111

128
154
151
154
148
170
131
130
147
139
129
243

2,006
2,057
2,005
2,104
2,115
2,156
2,138
2,093
2,108
1,781
1,697
1,831

42
53
47
53
52
52
59
58
63
72
56
125

1,964
2,004
1,958
2,051
2,063
2,104
2,079
2,035
2,046
1,708
1,641
[,706

,734
1,727
,729
,789
1,810
,872
1,874
,836
,800
,520
1,443
,494

230
277
229
262
253
232
205
199
246
188
198
212

1,936
2,057
2,216
2,445
2,515
3,079
2,741
2,224
2,226
2,218
2,417
2,695

196
211
226
394
462
681
532
223
151
193
284
390

83
62
70
220
298
491
383
91
44
92
173
272

114
148
157
174
164
190
149
132
107
101
111
118

1,740
1,846
1,990
2,051
2,053
2,398
2,208
2,002
2,075
2,025
2,133
2,306

188
199
206
230
244
468
306
251
210
193
210
234

1,552
[,647
1,784
1,822
1,809
1,930
,903
,751
,865
,832
1,923
2,071

,344
,392
,465
,443
,495
,591
,594
,523
1,628
1,612
1,677
1,797

208
255
319
379
314
339
309
228
237
220
246
274

222

For NOTE see opposite page.




1,068
1,193
1,218
1,161
1,182
1,070
1 098
1,126
1,162

On U. S.
Govt.
securities

152

186

,174

969
971

1,009
1,082
1,092
1,099
1,125
1,225
1,295
U53
1.529

22. MONEY BORROWED BY MEMBER FIRMS OF THE NEW YORK STOCK EXCHANGE, 1941-63 — Continued
[In millions of dollars]
By firms not carrying
margin accounts
Month

By firms carrying margin accounts

Total

On other securities
Total

On U. S.
Govt.
securities

On

other
securities

Total

On U. S.
Govt.
securities
Total

1959—Jan
Feb
Mar

Customer
collateral

Other
collateral

2,570
2,478
2,511
2,888
2,872
2,822
2,842
2,802
2,682
2,812
2,925
2,982

350
292
316
480
461
339
409
386
302
407
432
399

235
189
198
304
291
236
298
271
196
297
292
232

114
102
118
176
170
104
111
115
106
110
140
167

2,221
2,186
2,195
2,408
2,411
2,483
2,433
2,416
2,380
2,405
2,493
2,583

230
223
218
252
252
237
228
217
231
227
236
221

1,990
1,963
1,977
2,156
2,159
2,246
2,205
2,199
2,149
2,178
2,256
2,362

1.741
1,722
1,723
1,852
1,857
1,970
1,949
1,945
1,906
1,923
1,999
2,044

249
241
254
304
302
276
256
254
243
255
257
318

I960—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

2,720
2,917
2,758
2,923
2,896
2,880
2,880
2,951
3,009
3,006
2,990
3,159

297
521
538
583
573
608
651
715
689
706
722
884

174
377
378
414
414
433
490
547
507
533
530
683

123
144
160
169
159
175
161
168
182
173
192
202

2,423
2,396
2,220
2,340
2,322
2,272
2,229
2,236
2,320
2,300
2,268
2,275

190
202
161
185
208
162
187
173
177
161
139
142

2,233
2,194
2,059
2,155
2,115
2,110
2,042
2,063
2,143
2,139
2,129
2,133

1,995
1,945
1,821
,883
,820
,832
1,801
1,820
,871
,849
1,815
1,806

238
249
238
272
295
278
241
243
272
290
314
327

1961—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

2,739
2,853
2,617
2,945
3,104
3,356
3,510
3,238
3,361
3,424
3,566
3,739

702
854
620
593
517
541
712
503
632
713
763
736

569
712
491
466
367
374
572
385
485
586
621
570

132
142
129
127
151
167
140
119
147
127
142
167

2,038
1,999
1,997
2,351
2,587
2,815
2,798
2,734
2,730
2,710
2,803
3,003

101
94
70
67
58
67
69
56
64
56
51
48

1,937
1,905
1,927
2,284
2,529
2,748
2,728
2,679
2,666
2,654
2,752
2,954

1,677
1,615
1,624
,947
2,180
2,363
2,393
2,363
2,388
2,360
2,434
2,572

260
290
303
337
349
385
335
316
278
294
318
382

1962—Jan
Feb
Mar
May
June
July
Aug
Sept
Oct
Nov
Dec

3,331
3,378
3,740
3,682
3,347
2,807
2,431
3,143
3,688
3,505
3,488
3,847

421
496
776
610
458
567
307
637
950
880
902

1,027

296
368
632
453
340
436
225
557
858
737
782
808

125
128
144
157
118
131
82
80
92
143
120
219

2,911
2,882
2,963
3,072
2,889
2,239
2,124
2,506
2,738
2,625
2,586
2,820

51
71
52
.57
44
46
32
35
49
29
28
35

2,860
2,812
2,912
3,015
2,845
2,194
2,091
2,472
2,689
2,596
2,558
2,785

2,517
2,480
2,566
2,666
2,499
1,897
1,856
2,190
2,381
2,271
2,269
2,434

343
332
346
349
346
297
235
282
308
325
289
351

1963—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

3,616
4,034
4,118
4,221
4,456
4,905
4,613
4,721
4,993
4,860
5,071
5,095

689
941
927
949
768
952
746
765
824
609
586
614

559
808
733
826
514
643
586
631
680
469
418
347

131
133
194
123
254
309
159
134
144
141
168
267

2,927
3,094
3,192
3,272
3,688
3,953
3,867
3,956
4,169
4,251
4,485
4,481

32
35
63
33
33
44
29
23
69
33
28
32

2,895
3,059
3,129
3,239
3,655
3,909
3,836
3,933
4,100
4,218
4,457
4,449

2,556
2,695
2,754
2,889
3,150
3,333
3,359
3,467
3,592
3,713
3.892
,852

339
364
375
350
505
576
477
466
508
505
565
597

MPay!!!!!
June
July
Aug
Sept
Oct
Nov
Dec

NOTE.—End-of-month data through May 1955; last Wednesday of month thereafter.




153

23. NEW SECURITY ISSUES
A. BY ALL ISSUERS, 1934-63
[In millions of dollars]
Proposed use of net proceeds
all corporate issues

Gross proceeds, all issues
Noncorporate

Corporate

Period
Total

U. S.
Govt.

U. S.
Govt.
agency

U. S.
State
and
local

Bonds
Other

Total

Total

New capital
Stocks

PriPublicly vately Preoffered placed ferred

Total
Total

Common

New Other
money purposes

1934

4,910

3,535

32

939

1935
1936
1937
1938
1939

6,683
9,982
5,328
5,926
5,687

2,938
4,088
1,9(T
2,480
2,33f

116
55
36
115
13

1,232
1,121
908
1,108
1,128

66
14'
17:
69
50

2,332
4,57'
2,310
2,155
2,164

2,225
4,02^
1,618
2,044
1,980

1,840
3,660
1,291
1,353
1,276

385
36!
32'
691
703

86
271
406
86
98

22
272
285
25
87

2,266
4,431
2,239
2,110
2,115

401
1,062
1,138
904
420

208
858
991
681
32

1940
1941
1942
1943
1944

6,564
15,157
35,438
44,518
56,310

2,517
11,466
33,846
42,815
52,424

109
38

1,238
956
524
435
661

24
30

2,677
2,66^
1,062
1,170
3,202

2,386
2,390
91"
990
2,669

1,628
1,578
506
621
1,89:

758
811
411
369
778

183
16'

108
110
34
56
163

2,615
2,623
1,043
1,147
3,14f

761
1,041
646
408
753

1945
1946
1947
1948
1949

54,712
18,685
19,941
20,250
21,110

47,353

506
357

6,011
6,900
6,57^
7,078
6,05f

4,855
4,882
5,036
5,973
4,89

3,851
3,01"
2,889
2,965
2,437

1,004
1,863
2,147
3,008
2,453

397

9'
X
47
56
451
156
13:

37

280

19

n:

38-

Retirement
of
securities
231

152

1,865
3,368
1,100
1,206
1,695

569
868
474
308
657

193
204
148
22:
95
192
17:
173
100
96

1,854
1,583
396
739
2,389

216

1950
1951
1952
1953
1954

19,893
21,265
27,209
28,824
29,765

10,58!
10,32'
11,804
9,68
9,778
12,577
13,957
12,532

795
1,15'
2,324
2,690
2,907

30
110
459
106
458

3,53:
3,189
4,401
5,558
6,969

282
446
237
306
289

6,361
7,741
9,534
8,898
9,516

4,920
5,691
7,60
7,083
7,488

2,360
2,364
3,645
3,856
4,003

2,560
3,326
3,957
3,228
3,484

124
369
758
1,12'
76:
49:
425
631
838
564
489
816

1955
1956
1957
1958
1959

26,772 9,628
22,405 5,517
30,571 9,601
34,443 12,063
31,074 12,322

746
169
572
2,321
707

5,977
5,446
6,958
7,449
7,681

182
334
557
[,052
616

10,240
10,939
12,884
11,558
9,748

7,420
8,002
9,957
9,653
7,190

4,119
4,225
6,118
6,332
3,557

3,301
3,777
3,839
3,320
3,632

635
636
411
571
531

2,185
2,301
2,516
1,334
2,027

10,049 8,821 7,957
10,749 10,384 9,663
12,661 12,447 11,784
11,372 10,823 9,907
9,527 9,39f 8,578

864
721
663
915
814

1,227
364
214
549
135

1960
1961
1962
1963

27,541 7,906
35,527 12,253
29,956 8,590
31,616 7,213

1,67: 7,230
1,448 8,360
1,188 8,558
1,168 10,107

579
303
915
891

10,154 8,081
13,165 9,420
10,705 8,969
12,237 10,872

4,806
4,700
4,440
4,714

3,275
4,720
4,529
6,158

409
450
422
342

1,664 9,924 9,653 8,758
3,294 12,885 12,01 10,715
1,314 10,501 9,747 8,240
1,022 12,081 10,553 8,993

895
1,302
1,507
1,561

271
868
754
1,528

io,2r

1934_Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

600
913
105
115
152
1,062
182
267
54
74
228
1,157

1935_Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

151
102
266
319
277
476
1,407
521
1,015
378
395
1,377

43
213
785
223
617
27
14
991

1936—Jan..
Feb.,
Mar.
Apr..
May.
June.
Tuly.
Aug.,
Sept.
Oct..
Nov.
Dec..

466
314
2,067
858
406
1,857
387
344
912
496
350
1,523

31
63
1,401
30
37
1,134
25
28
506
26
25
781




528
847
3
'864

32

228
7
72
986
5
18

56

17

55
65
98
106
80
115
95
28
41
43
92
122

7
5
72
51
87
12
13
24
59
49

98
53
150
156
78
65
92
66
149
77
114
134
90
98
129
85
105
111
42
57
159
83
65
97

64

1

397
891
779
614
736

5,902
6,75^
6,466
6,959
5,959

1,347
3,889
5,114
6,652
5,558

1,080
3,279
4,591
5,929
4,606

267
610
524
722
952

4,555
2,868
1,352
307
401

811
1,212
1,369
1,326
1,213

6,261
7,607
9,380
8,755
9,365

4,990
7,120
8,716
8,495
7,490

4,006
6,531
8,180
7,960
6,780

984
589
537
535
709

1,271
486
664
260
1,875

3
1
1

16
1
6
4
71
49
85
1
13
24
58
46

48
31
115
130
156
171
530
168
248
273
266
196

69
50
8
11
11
24
59
46
4'
30
115
121
154
171
501
161
243
256
262
163

14

47
31
112
126
151
167
515
161
242
266
258
190

309
147
516
700
259
597
316
258
241
380
237
612

304
122
488
644
223
545
267
222
211
308
217
477

2
6
13
22
21
22
6
14
20
25
7
115

295
142
502
679
252
581
307
252
234
365
229
594

154

12

4
1
6
2
10
2
34
8
6
2:
21
38
34
2
1
26
36
15
34
43
35
67
35
72

6
2
2
1
3
2
3
2
15
19

3
61
47
52
4
6
2
36

16
2
1
19
18
14
30
18
26
11
23
30

13
28
111
100
115
153
481
118
207
198
223
118

63
17
58
98
21
153
49
150
72
100
98
184

49
9
33
72
20
97
36
126
69
86
88
173

232
125
444
580
231
428
258
102
162
266
131
410

23.

NEW SECURITY ISSUES — Continued
A.

BY ALL ISSUERS, 1934-63 — Continued
[In millions of dollars]
Proposed use of net proceeds,
all corporate issues

Gross proceeds, all issues
Noncorporate

Corporate

Month
Total

1937—Jan...
Feb..
Mar..

U. S.
Govt.

U. S.
Govt.
agency

U.S.
State
and
local

New capital
Stocks

Other

Total

Bonds

Preferred

40
153
11
73
48
273
181
290
199
375
82
318

46
151
14
73
63
279
177
287
204
371
106
337

44
46
13
11
38
191
137
99
123
88
36
78

44
37
11
8
27
151
123
61
117
24
24
55

21
163
109
227
46
364
198
383
107
199
84
263

19
118
94
193
39
355
176
371
104
190
71
249

20
159
104
222
45
358
193
375
106
196
81
256

6
27
59
80
19
25
49
36
11
47
26
36

4
16
51
75 j
18
19'
29
29
6
29
17
32

14
132
46
141
26
333
143
339
96
150
55
220

86
172
84
76
50
84
81
76
73
177
78
203

154
265
101
312
113
144
263
173
108
373
95
575

131
252
66
252
93
136
256i
149
102
345
71
534

149
•259
97
305
109
141
257
169
106
366
92
565

38
55
30
117
30
27
60
66
49
49
39
200

18
20
24!
47!
23;
20
551
48
43
45
33
193

18
5
4
7
7

111
204
67
188
79
114
197
103
57
316
53
364

64
65
180
102
113
85
54

268
209
262
184
269
250
122
417
182
204
155
144

260
201
225
169
247
234
86
411
164
146
135
110

263
206
258
181
262
246
119
413
180
201
152
142

55
71
86
50
74
104
63
204
31
110
114
80

48
53
68
42
67
87
51
185
27
91
92
57

8
18
17
7
6
17
12
19
3
19
22
23

207
135
172
132
189
142
56
210
150
92
37
62

171
56
125
135
124
152
61
43
82
46
35
34

114
37
109
128
112
136
61

167
54
123
132
123
149
60
42
80
45
34
33

83
30
78
111
109
88
29
38
54
4
6
16

74
17
62
75
57
75
20
38
31
4
5
16

10
13
16
36
52
13
8

84
24
45
21
14
61
31
4
25
41
28
17

99
47
47
38
239
33
252
36
837
38
35
778

48
65
110
50
93
147
47
66
74
105
158
144

48
154
15
74
65
284
181
293
209
381
108
343

38:
595
29
361
208
763
601
55:
179
578
22
950

256
377
64
56
60
114
318
71
44
323
54
594

104
54
119
76
102
273
83
70
24
54
80
90

1940—Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

508
580
291
522
255
275
1,347
298
225
600
275
1,389

267
141
102
118
61
45
986
49
43
49
46
607

1941_Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

1,149
403
1,101
990
1,415
651
1,091
1,763
773
2,359
784
2,678

814
116
653
702
1,032
315
916
1,303
538
2,053
553
2,473

1942—Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec..

1,591
2,404
967
979
3,305
1,225
3,496
2,426
3,528
5,945
1,568
8,004

1,298
2,307
793
785
3,149
1,041
3,387
2,336
3,422
5,861
1,516
7,950

M*ay!
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

195
268
196
164
427
465
483
396
1,121
534
35
1,321

1939—Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

1938—Jan...
Feb...
Mar..




27
13
11
9
1
17
41
2
6
18

60
107
85
115
62
189
112
39
104
53
26
38

14
109
23
41
23
23
15
15
11
1
3
7

175
212
244
117
139
289
123
62
91
112
24
35

ay!
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

Other
New
purmoney poses

87
120
96
124
63
206
152
41
110
71
26
41

262
352
298
174
186
389
201
81
155
132
28
52

36
59
162
33
26
881
38
31
27
28
28
553

Total

255
343
288
165
180
378
196
78
150
128
27
50

207
43
59
84
51
112
84
53
48
33
47
86

578
523
525
311
268
1,383
323
168
231
198
128
691

Total

Common

Retirement
of
securities

25

35

11
64
74
60
120
41
49
60
31
32
47
47
23
38
17
18

155

431
681

43
35
34

4
4
4

I

12
20

2
5
54
8
13

40
19
16
4
10
9

17

11
3

3

2
3
7

168
222
192
42
116
172
43
37
40
57

2
106
62
25
88
41
189
81
283
70
259

24
1

23. NEW SECURITY ISSUES — Continued
A. BY ALL ISSUERS, 1934-63 — Continued
[In millions of dollars]
Proposed use of net proceeds,
a l corporate issues
l

Gross proceeds,all issues
Corporate

Noncorporate

N e w capital

ReMonth
Stocks

U. S.
U.S.
Govt.

I943_jan
Feb
Mar..
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

1,844 1,693
1,451
1,344
1,538 1,391
11,562 11,425
1,949
1,817
4,178 4 051
1,443
1,304
1,153
1 015
12,652 12,562
3,958 3,795
1,364 1,128
1,424 1,290

1944—jan

3,143 2 915
9,540 9,399
1,192
947
1,231
1,038
1,234
896
14,065 13 854
3,036 2,791
1,088
804
1,455
974
1 726
876
2,556 2,105
16,044 15,828

Feb

Mar

Oct
Nov
Dec
1945 Jan
Feb

Mar
Apr
May
June
July
Aug
Sept.
Oct
Nov..

Dec

1947—Jan
Feb..

Mar
Apr
May.
June
July.
Aug
Sept .
Oct
Nov.,

Dec
1948 Jan
Feb..

....

...

1,465
1 573

7 074

Apr .
May
June.
July
Aug....
Sept
Oct

I 397
1,218
I 721
>,541
I 216
1,736
1,879
426
2,004

Nov




Total

Bonds
Preferred

Common

11
50
81
111
80
65
75
90

21
17
37

4

70
142
199

65
108
149

17

1

116

105

5

170

95

70

91
1

59

8
4
1
8
12
12

27
43

14
2
8
7
7
6
«
4
6
19
10
10
21
8
10
11
14
46

105

37
5
6
10

1
15
1
1

4
25

c

New
money

11
49

11
50

121
15
174
49
37
50
66
45
47
67

1,732
1,429
1,686
.641
1,280
2,091
1 785
1,134
1,373
2,428
1 234
2,128

Total

96
115
95
76
90
110

25
17
160
31
36
65
18
108
71
34

1.565
1,279
1,317
2,003
1,812
1,571
1,942
1,415
1,120
1,307
1,312
2,044

Total
Other

50
23
36
51
49
28

49
57
1

1

Mar

Dec

State
and
local

1,824 1,332
114
1,346 1,060
1 521 1 122
1,945
1,245
3,210 2,637
18,253 18,083
2,806 1,602 ""Hi
845
1,355
1,465
606
2,136
961
4 403 4 210
14,447 13,650
215

Apr
May.
June
July.
Aug
Sept

1946—Jan
Feb
Mar.
Apr
May.
June
July.
Aug.. .
Sept.
Oct
Nov..
Dec

U. S.

Govt.
agency

Total

96

5

214
170
169
180
210
219
463
742
380
182

176
55
144
167
169
199
399
692
346
133

32
96
15
3
20
12
54
39
20
3

256
255
224
651
537
119
961
465
808
1,082

204
241
172
567
420
112
651
395
695
909

36
3
41
43
99
1
221
61
78
109

17
11
12
41
18
6
90
9
34
64

15

94
112
93
74
88
108

49
16
44
19
25
25

4
12

69
139
197

18
34
125

113

32

20

166

52

48

Other
purposes

1

42
14
41
16

16
10
119

22
9

tirement
of
securities

6
34
45
97
49
55
63
83

6
24

51
105
71
114

81

103

65

53

4
12

210
165
166
177
206
215
453
729
373
178

60
65
44
50
74
64
38
135
35
69

53
61
37
27
63
61
29
125
33
66

7
A
7
23
11
3
9
10
1
2

150
100
122
127
131
151
415
594
338
109

251
252
220
639
525
118
943
459
793
1 062

37
41
59
114
170
22
214
157
111
209

36
33
49
95
151
17
197
100
99
156

1
8
10
19
19
5
17
57
12
53

214
211
161
525
355
96
730

37

302
682
853

41

152

104

24

24

148

60

25

35

88

82

500

387

43

71

491

153

121

32

338
• 102

1,261
803

71
80

233
396

54
337

111
26

225
390

123
79

108
60

15
19

805
967
793
755

83
71
150
124

429
748
869
692

291
489
664
405

76
155
144
134

62
104
61
153

417
731
850
672

126
335
205
340

107
228
159
258

19
107
46
82

310
291
396
645
332

529
368
213
342
449
742

97
34
54
27
125
142

129
148
21
44
47
20

738
542
282
407
610
894

427
425
185
355
531
758

345
357
151
285
510
711

82
69
33
70
21
47

310
116
97
52
79
136

122
31

217

132
66
88
50
71
170

68
33

33

756
550
288
413
621
905

921

226
99

122

336
287

264
171

15
49

57
66

331
282

209
250

192
219

17
32

891
746

344
404

1
16

450
474

385
314

38
78

27
82

442
466

320
376

296
268

24
108

122
89

653

110

20

497

357

112

28

488

250

207

42

238

1,051
790
614
637
1,673

38
250

785
609
332
458
636
542
1,170

644
422
305
365
426
392
991

113
111
17
66
61
31
72

28
77
10
27
150
119
107

773
596
328
450
627
528
1,155

567
484
218
295
591
452
1,102

524
443
183
258
549
425
1,026

43
41
35
37
42
26
76

207
112
110
155

854

217
136
188
278
118
103
101

913
718
708
597
574
680
1,813
526
1,128
825
763
1,080

116
220
633
157
190
286
120
287
122
279
152
129

435
635
733
643
453
755
608
252
486
775
507
795

381
414
685
532
360
595
559
178
413
688
455
712

26
50
27
52
67
116
14
40
12
52
21
14

28
171
21
59
26
45
35
34
61
35
31
68

429
616
724
632
443
742
598
246
477
767
501
783

416
593
634
566
441
698
588
244
461
743
493
773

367
549
595
493
378
622
424
232
400
718
463
689

49
45
40
74
63
76
164
12
61
25
30
84

13
23
90
66

1,053
778
742
703
619
936
1 170

589

140

20
1
1

1
1

150
4

I

156

36
76
53

2
44
10
2
16
24

8
10

23. NEW SECURITY ISSUES — Continued
A. BY ALL ISSUERS, 1934-63 — Continued
[In millions of dollars]
Proposed use of net proceeds
all corporate issues

Gross proceeds, all issues

N e w capital

Corporate

Noncorporate
Month

Stocks

Bonds

U. S. U. S.

Total

U. S. Govt.
Govt.

1949

Jan
Feb

Mar
Apr

May
June
July
AUK

Sept
Oct

Nov
Dec
1950 j a n

Feb
Mar
Apr

May
June
July

Aug
Sept
Oct

Nov
Dec
1951

Jan

Feb
Mar
Apr
May
June
July
Aug. .
Sept
Oct

Nov
Dec
1952 Jan
Feb
Mar

Apr
May
June
July

1,428
1,352
1,469
1,645
1,558
2,701
2,385
2 105
1,700
1,633
1,293
1,842

870
763
792
717
759
1 099
1,606
1 608
894
978
707
1 011

2,099
1,606
1,821
1,357
1,657
2,305
1,236
1 569
1,239
1,947
1,454
1 602

1,118
810
886
633
689
882
706
773
531
1,228
655
111

1,281
1,131
1 759
1,490
1 747
1.985
,694
. . ,351
,619
,789

730
502
520
451
581
2 830
834
656
765
651

638
,780

?33
,748
670
2,334
2,537
2 450
6,455
1 179

Sept

U77

Oct
Nov
Dec

2,014
1 119
2,093

1953 Jan

Feb
Mar
Apr
May
June
July

Aug
Sept

Oct
Nov

Dec
1954 Jan
Feb

Mar
Apr

May
June
July

Aug
Sept
Oct

Nov
Dec

1,774
1,547
1 635
1,676
4,613
3,066
1 928
1,453
2 599
2,291
3,506
2,736
1,657
1,375
1,948
1,958
4,388
2,422
2,167
1,279
2,125
6,544
1 350
2,552

agency

State
and
local

Total
Other

Total
Total

PriPublicly vately
offered placed

Total
Preferred

134
60
74
46
46
35
61
44
122

348
377
438
719
422
1 213
507
197
229
347
310
452

321
275
374
552
347
1 087
461
164
163
260
270
331

28
102
64
166
74
126
45
33
65
86
40
121

7
2
37
7
22
58
19
18
39
61
17
113

70
12
29
62
71
93
30
36
30
106
48
43

44
47
66
136
75
160
47
18
48
88
23
59

606
221
498
537
636
1,049
318
427
399
514
406
649

556
185
368
438
417
738
297
285
368
429
343
565

454
153
334
363
269
618
214
257
300
306
306
433

103
33
33
74
148
120
83
29
68
123
37
133

49
35
130
99
220
311
21
142
31
85
64
84

306
344
824
507
553

34
9
54
95
26

34
36
143
197
90

369
384
1 006
783
661

341
348
926
710
624

637

72

152

847

784

35
28
78
91
37

28
35
79
74
37

861

306
320
848
619
587

70

63

531
508
390
655

360
376
324
422

39
77
35
127

132
55
31
106

521
500
381
639

491
476
363
627

469
436
343
548

22
40
20
79

8
12

30
24
18
12

673
871

403
636

166
104

105
132

660
856

618
811

570
771

47
40

43
45

634

505

278

227

82

47

624

615

602

304
151
456
406
637
245
212
474
309

31
19
21
54
3
8
2
4
66

447
985
907
1,149
831
1,304
421
455
1,109

282
764
712
898
635
1,113
342
372
932

59
419
398
544
211
786
125
159
400

223
344
314
354
425
327
217
213
533

10
60
59
85
84
33
29
37
6

154
161
137
166
112
158
49
46
170

438
967
891
1,129
818
1,285
413
447
1,092

413
951
870
990
769
1,237
291
390
999

402
922
786
947
735
1,218
276
367
850

11
28
83
43
34
19
14
23
150

24
17
21
139
49
48
123
57
93

230
403

25
4

384
908

314
731

126
140

188
591

20
58

49
119

378
897

340
851

293
780

47
70

38
46

392
363
433
349

86
3
3
21

655
688
696
815

489
517
517
656

186
307
155
375

303
210
362
280

49
48
62
35

117
123
116
125

646
676
684
802

623
623
666
779

584
586
628
748

39
36
38
32

22
54
17
23

650
443
522

5
3
2

714
1,166
520

468
977
407

287
575
106

181
402
301

82
33
31

164
156
82

697
1,147
510

675
1,123
483

591
1,034
459

85
89
24

22
24
27

76

260
476
483
411
111

4
36
60
27
57

336
768
603
459

263
676
375
353

110
449
153
95

270
691
550
406

1,057

65
48
210
69
51

325
753
577
429

1,385

7
44
18
37
43

330
757
590
451

1,478

153
226
222
258
327

1,464

1,438

1 413

55
62
28
23
25

5
4
12
22
26

123
1
64

71
80

399
414
570
735
783
855
280
300

5
4
3
8

573
444
712
639
851

1,085

424

352

285
178
226
216
422
343
714
166

178
178
273
203
227
449
371
186

20
27
68
109
129
131
76
45

90
62
145
111
73
118
92
27

564
437
698
627
837

1,041
1,253

463
355
499
419
649
792

417

547
426
635
497
656
842
909
335

516
392
553
483
596
789
828
304

31
34
82
14
60
53
81
31

17
11
63
130
181
183
329
82

652
615

2
3

1,008
1,130

886
813

581
470

305
343

62
265

994
1,112

747
1,003

705
856

42
146

247
109

459
906

4
71

422

321
854

116
288

205
566

60
52

64
103

413

290
604

244
515

46
89

123
400

1
102
1
4
2
2

289
369
402
553
311
1 154
474
152
210
308
251
416

11
5
41
50
82
57
13
22
27
44
36
36

235
556
366
176
319
359
205
299
279
189
384
166

101
15
62
1
2
1
2
65
22
4
4
2

615
225
507
547
647
1,063
322
432
408
526
412
656

501
166
413
350
502
809
245
378
329
332
341
554

173
185
168
234
412

3
55
49
8
84

374
389
1 021
798
670

283

12

321
152
269
397

8
35
156
16

655
601

302
296

1,024
967
515
722
928
978
4,898
544
444
531

575

611
494
503
491

216

30

40
70

228

231
30

3,244
1,454
884

853
1 320
1,070
2,610

423
561
515
602
511
12,669

523
508
546

123

464
4,611

i84

466
557




65
8
42

Other
purposes

355
379
476
726
444
1,271
526
215
268
407
327
565

365
383
484
736
453
1,286
533
220
272
413
332
574

480
547

New
money

Common

Retirement
of
securities

193
204
175
190
346
316
245
175
318
238
251
255

2
17
2

1,019

157

37
62

1,025
1,237

1,004

714

n

9

23. NEW SECURITY ISSUES — Continued
A. BY ALL ISSUERS, 1934-63 — Continued
[In millions of dollars]
Proposed use of net proceed
all corporate issues

Gross proceeds, all issues
Noncorporate

Total

U. S.
Govt.

1955—Jan.. .
Feb..
Mar..
Apr..
May.
June.
July. .
Aug..
Sept..
Oct..
Nov..
Dec.

2,710
1,390
2,560
1,643
4,382
1,91"
2,504
1,638
1,627
2,646
1,840
1,913

742
602
614
535
3,020
496
1,265
509
481
461
438
466

1956—Jan.. .
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct.. .
Nov..
Dec.

1,70:
2,001
1,81"
1,877
2,123
2,164
l,97f
1,493
1,581
l,89f
1,829
1,955

645
544
518
453
451
437
484
436
355
414
389
390

1957—Jan.. .
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct.. .
Nov..
Dec.

2,426
2,116
3,223
2,371
1,777
2,349
1,982
1,944
3,975
2,705
3,022
2,681

496
386
1,327
390
394
362
400
392
2,262
894
1,374
925

1958—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.

3,484
2,490
3,951
6,961
2,155
3,048
2,426
1,341
2,160
3,076
1,452
1,899

511
407
1,802
4,269
368
1,411
418
369
352
1,461
324
370

1959—Jan..
Feb..
Mar..
Apr..
May.
June.
July. .
Aug..
Sept..
Oct..
Nov..
Dec.

5,753
2,123
1,928
4,504
1,782
2,290
1,452
1,710
1,748
4,121
1,722
1,942

3,971
420
443
2,583
338
323
350
309
300
2,574
332
380

I960—Jan.. .
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct.. .
Nov..
Dec.

1,952
2,123
2,073
4,573
1,939
2,502
1,637
3,187
1,808
1,814
1,986
1,947

420
435
391
2,860
368
350
353
1,371
338
3451
326
348!




Bonds

u. s. i u. s.

Govt. | State
agen- | and
cy
local

716

30

60

109

72
125
"60
215

'ioo
[,163
251
523
"i64|
'220!

199
#

i75

98
150
86
182
150
150
148
354
199!
160
149
181

Other

Total

Total

Stocks

PubPrilicly vately Preoffered placed ferred

Total
Total

Common

New Other
money purposes

676
460
1,395
664
981
768
753
870
736
1,250
708
980

541
328
540
429
350
651
470
259
407
926
661
415
407
709
401
391
491
736
379
213
336
646
311
427

New capital

Corporate

Month

38
58
1
98
3
40
"58
5
23

486
327
848
463
675
504
589
655
560
1,046
431
835

252
124
517
297
465
186
136
491
301
858
155
336

234
202
331
166
210
319
453
163
259
188
275
499

53
23
35
54
96
58
53
15
82
43
85
39

136
110
512
147
210
206
111
200
94
161
193
107

663
451
1,371
648
960
751
739
853
722
1,234
694
964

535
407
1,223
478
886
687
597
644
670
1,162
632
900

468
345
1,175
429
774
611
526
614
559
1,074
590
793

67
62
48
50
112
76
70
30
111
88
42
108

613
748
889
916
1,180
893
1,106
693
890
773
,123
,114

522
480
704
673
977
661
901
551
681
485
451
915

141
149
393
340
686
270
588
250
514
315
179
401

381
331
311
333
291
391
313
302
167
170
272
514

19
128
43
31
65
50
16
50
33
139
45
16

71
140
141
212
139
182
189
92
176
150
627
183

601
734
874
898
1,160
876
1,089
679
873
756
1,110
1,098

573
712
817
818
1,146
841
1,063
654
838
745
1,089
1,088

486
672
789
702
1,105
782
1,003
550
816
660
1,048
1,049

87
40
28
116
41
59
60
104
23
84
41
39

142
332
279
264
85
416
231
76
97
101
150
343

1,068
1,085
1,340
947
780
1,467
1,011
932
1,007
1,099
828
1,097

1,060
1,065
1,320
931
765
1,453
1,003
924
973
1,090
789
1,076

1,023
913
1,244
871
703
1,373
941
916
952
1,060
764
1,023

36
153
76
59
62
79
61
8
21
30
25
53

44
187
58
90
85
41
219
71
55
170
110
204)

816
858
1,599
1,211
692
946
1,176
564
1,121
873
533
983

728
857
1,553
1,140
597
887
1,107
540
1,114
862
518
920

714
844
1,508
1,036
527
718
1,029
489
1,017
744
460
820

15
13
45
104
69
169
77
50
97
118
58
100

685
569
503
763
539
388
516
595
437
683
639
640

84
53
32
127
49
44
38
10
37
15
65

,088
,108
,361
966
796
1,495
1,028
947
1,023
1,113
844
1,114

912
750
1,044
655
685
1,013
775
840
907
944
671
761

641
514
644
385
438
633
459
540
587
608
485
185

271
237
400
270
247
380
316
299
320
336
186
576

782
899
524
798
877
554
631
389
647
439
459
448

201
56
10
142
203
123
14
9
23
65
127
80

827
877
1,615
1,230
707
961
1,199
575
1,137
890
542
1,000

754
604
1,488
1,099
586
843
910
492
1,059
651
420
746

505
398
1,164
921
391
370
735
209
851
287
236
266

249
206
324
178
195
473
175
283
208
365
184
480

34
26
39
47
25
66
21
31
19
68
24|
H
!
28
85
69
41
36
77
70
12
23
69
12
51

639
881
637
940
569
995
457
523
520
587
458
476

86
62
10
60
56
47
93
5
43
39
41
75

858
760
664
921
819
925
552
774
735
922
891
926

695
465
461
613
614
627
433
642
590
644
657
747

404
187
195
310
380
270
173
414
220
331
396
277

291
278
266
303
235
357
260
228
370
313
261
470J

36
58
48
92
38
43
26
13
24
47
61
45

126j
237
155
217
167
255
93
119
121
230
173
134

841
744
648
901
799
903
538
758
720
898
871
907

821
738
646
894
785
887
535
740
703
879
864
900

757
591
551
833
756
825
463
699
6561
801
8031
844!

64
147
95
61
29
63
73
41
48
78
61
56

13
181
75
43
53!
49 1,124
32;
777
996
747
41!
38
928
1,009
34
895

515
547
668
580
406
859
651
821
619
778
875
764

324
253
357
348
186
540
415
592
329
621
518
323

190
294
311
232
220
319
236
229
289|
157
357
441

26
31
44
32
44
34
21
34
37
45
16
45

100
158
177
194
1581
231
106
141
91
105
118
86

626
719
869
783
590
1,092
760
976
731
910
988
879

570
715
860
761
577
1,044
736
966
726
890
956
852

548
661
762
675
514
992
657
895
671
830
805
749

22
53
98
86
63
52
79
71
55
60
152
103

696
622
568
717
556
978
475
607
682
343
496
490

158

Retirement
of
securities

23. NEW SECURITY ISSUES — Continued
A.

BY ALL ISSUERS, 1934-63 — Continued
[In millions of dollars]
Proposed use of net proceeds
all corporate issues

Gross proceeds, all issues
Corporate

Noncorporate

New capital

Month
Bonds
Total
U.S.
Govt.

1961—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

1,770
5,447
2,134
3,417
4,430
3,488
1,918
2,073
1,893
4,423
2,421
2,115

455
4,069
434
348
2,244
369
342
392
338
2,564
357
341

1962—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

3,462
2,535
1,914
4,115
2,161
2,448
1,651
4,080
1,550
2,133
1,808
2,101

1,589
361
372
1,506
352
363
358
2,408
300
359
327
295

1963—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec.

2,708
2,166
2,830
2,927
2,783
5,054
2,089
1,980
1,673
2,977
2,117
2,312

774
- 425
396
716
409
2,252
413
398
347
394
333
357




U.S.
Govt.
agency

252
100
149
278
250
193
*225
246
156
461

150
175

148
186
459

174
200

U.S.
State
and
local

Stocks
Total

Other

Total
Total

Publicly
offered

Privately
placed

Total
Preferred

New
money

Common

Other
purposes

Retirement
of
securities

706
660
756
710
625
1,035
463
603
699
643
789
669

9
31
23
4
72
33
19
3
6
49
45
8

600
687
669
2,256
1,339
1,773
1,093
824
658
1,166
1,004
1,096

474
521
513
1,083
1,021
1,477
829
648
434
855
777
787

178
273
211
713
663
924
424
221
123
336
415
217

296
247
302
371
357
553
405
428
311
519
362
570

30
37
28
59
92
40
20
45
17
12
42
27

96
129
128
1,114
226
256
244
130
1
206
299
185
282

589
673
651
2,226
1,311
1,737
1,067
803
638
1,139
977
1,073

579
660
528
2,142
1,256
1,316
1,050
776
631
1,101
964
1,012

537
601
454
2,072
1,037
1,137
864
655
589
960
898
911

42
59
74
70
219
179
186
122
42
141
66
101

9
13
123
84
55
420
17
27
7
38
13
61

866
1,123
621
877
897
760
641
559
426
646
595
547

159
10
62
14
99
78
34
17
45
169
115
114

603
884
859
1,257
812
1,247
618
945
603
959
771
1,145

468
727
643
919
676
1,079
555
864
440
842
723
1,032

233
497
385
654
248
484
200
477
175
539
286
263

235
230
258
266
429
595
355
387
264
303
437
770

2
10
5
116
15
45
32
24
51
49
21
52

133
146
211
222
121
122
31
57
112
68
27
61

588
866
834
1,225
796
1,230
609
930
589
943
761
1,131

549
860
819
1,153
771
1,132
573
773
557
819
678
1,064

504
788
715
1,069
617
977
475
629
403
703
462
898

45
72
104
84
154
154
98
144
153
116
216
166

39
6
15
71
25
98
36
157
32
125
83
67

999
810
989
915
902
1,072
789
726
452
1,282
688
483

240
141
82
62
131
25
78
100
4
10
5
13

695
642
1,363
1,049
1,340
1,246
810
756
871
1,116
891
1,459

593
548
1,273
832
1,244
1,133
710
656
784
992
732
1,376

350
259
499
380
550
459
279
336
283
511
183
626

243
289
774
452
694
675
431
319
501
481
549
751

30
17
17
26
17
38
35
39
5
34
54
30

71
77
74
191
78
75
65
61
81
91
106
53

684
631
1,349
1,034
1,323
1,230
797
745
862
1,101
879
1,444

613
594
1,144
930
904
1,013
676
638
795
1,013
819
1,415

563
448
1,056
812
830
783
588
566
730
912
606
1,098

50
146
88
118
74
230
89
71
65
100
212
316

72
37
205
104
419
217
121
107
67
88
61
30

159

23. NEW SECURITY ISSUES — Continued
B.

PROPOSED USES OF NET PROCEEDS BY MAJOR GROUPS OF CORPORATE ISSUERS: OLD GROUPING, 1934-47
[In millions of dollars]
Industrial & misc.

Real estate & financial

Railroads

Public utility

Period
New
capital

Retirement
of securities

New
capital

Retirement
of securities

New
capital

Retirement
of securities

New
capital

Retirement
of securities

28

34

53

77

52

120

20

1935
1936
1937
1938
1939

224
519
706
605
231

550
761
373
226
353

60
90
140
265
90

1 190
1 897
611
943
1,157

67
215
229
24
85

54
558
110
30
97

50
238
64
9
14

72
152
7
7
88

1940
1941
1942
1943
1944

223
365
438
299
530

738
463
89
199
504

259
347
172
46
56

922
993
292
423
1,343

133
253
32
46
102

186
108
15
114
500

147
76
4
17
65

9
18
4
42

959
2 620
2,333

1 010
981
353

132
878
2,273

2,159
1 252
939

115.
132
247

1,320
571
35

141
259
262

65
64
24

1934 . . . .

1945
1946 . . .
1947
1934

1935—Jan
Feb
Mar
Apr .
May
June.
July
Aug.
Sept
Oct .
Nov
Dec
1936

Jan
Feb...
Mar
Apr
Mar
June
July..

4
1
3
2
2

}

12
2
3
00

Jan
Feb.. .
Mar
Apr
May.
June
July
Aug.
Sept
Oct
Nov..
Dec

6
4

9
4

20
1

21

3
27
43
8
82
46
175

15
24
7
9
26
21
60
5
37

11

16
15
44

1

2
6
3
20
11
1

40

1

2
50
72
29
99
306
35
146
178
198
74

2
4

i
4
28
13

Sept...
Oct
Nov.
Dec
1937

121
32
68
180
80
121
36
18
22
13
41
29

17
6
2
1
4
7
23

Jan
Feb
Mar
Apr
May.
June
July
Aug..
Sept
Oct
Nov
Dec

56
69
50
40
37
127
123
26
96
36
20
28

54
84
48
31
30
42
38
4
39
1
1

9
5
1
11
3
27
26
5
13
28
5




60
47
5
1

2

15

6

6
8
5

18
21
4
8

18
14

31
12
24
50
20
58
21
23
55
51
42
131

AUK

6
16
1

1
31
1
1
2

3
13
13

160

65
93
193
297
102
169
131
59
120
251
65
354
63
133
141
10
46
125
2
30
1
51
1
8

15
9
2

10

1
3
2
24
50

2
1

21
31

ii9

4
8

47

7
33

1
3
1

67
1
25
7
9
8
25
7
45
43
72
22
15
3
9
1
7
4

104
49
131
44
25
19
7
14
50
5
3
40
4
3

2
14
2
1
10
21
100
8
35
40
5
14
1
2
2
2
37
1
1

5
3

64
8
47
1
18
13
1

5

23. NEW SECURITY ISSUES — Continued
B. PROPOSED USES OF NET PROCEEDS BY MAJOR GROUPS OF CORPORATE ISSUERS: OLD GROUPING, 1934-47 — Continued
[In millions of dollars]
Industrial & misc.
Month

New
capital
5

1938 Jan
Feb
Mar
Apr
May

June.
July
Aug..
Sept
Oct.. .

44
10

. . .

122
41

6
19
24
20
5
103
6
9

10

Feb

14
59
2
83
84
51
9

24
77
18

Mar.
Apr

May
June.
July
Aug...
Sept
Oct
Nov.

14
21
10

New
capital
38
45
3

3
14
50

9
55
1

Retirement
of securities

New
capital

1

62
23
87
35
170

2

6

6
3
8

3
110

14

32
82
24

243

4
1

1
30

28
2

5
13

1

7

1
1

7

51
236
49

5
11

137
50

2

2

3
2

6
51
30

2
2

1

7

7
11

10
4

17
9

21
4

2

21

11

140

14

59

19
10
15
31
13

1940—Jan..
Feb
Mar..
Apr
May
June
July

Retirement
of securities

1

13
22
12

27
2

New
capital

62

57
263
66
118

5
1

Retirement
of securities

10

Dec

20
112
18
69
78

2
14
4
17

70
92
16
37
1

3
1
5
5
11

20

7
27

98
100

2
15

5

34
82

14
30
65
7

18
16

. .

Oct

Nov..
Dec
1941—Jan..
. .

11
97

19
27
21
5
30

66
8
84
32
141

17
11
11
2
146

26
47
202
16
219

28
10
16
26
12

11
2
31
1

2
1
2
7
12

10
16
34
23

109
27
39
66

17
3
48
19

93
55
129
64

27
21
3

5
50
5
2

1
31
1
8

3

21

AUK

Mar....
Apr
May..
June.
July
Aug..
Sept
Oct
Nov.
Dec...

2

5
24

Dec
1939—j an

Feb

2
24
141
110
73
13
65

Nov

Sept...

Retirement
of securities

Real estate & financial

Railroads

Public utility

54

134

45

9

1

7

37
19
36
14
63
62

38
29
40
9
13
24

97
26
169
106
63
11

51
23
24
7
21
1

31

16
13
138
8
16
47

15

15

46

28

1942—Jan
Feb
Mar
Apr .
May....
June.
July
Aug
Sept
Oct
Nov
Dec

43
26
42
98
92

1
14
5
17
1

28

83
10
40
4
13

10
4
6

6
29

20
3
34
15

1943__j an
Feb
Mar
Apr
May.
June
July
Aug...
Sept
Oct

5
2
42

1

. .

Nov

Dec




64
23
2
38
4
5
2

3
12
1
6
15

31
13
17

1
10
5
3

11
22
9
24
9

22
7

2
1

26

10

6
29
120
19

10
27
11
10

9
3

36
30

1
7

7

161

50
2
4
25
29

3
2
2

7

35""""
4

4
4

6
10
4
6

12
2

3

6

1

9

16
17

4

34
20

8
5

57
38

21
53
41
50
38
71

3
14
6
4
3
3

10
18
29
7
28
23

8
3
1
2
3

4

23. NEW SECURITY ISSUES — Continued
B. PROPOSED USES OF NET PROCEEDS BY MAJOR GROUPS OF CORPORATE ISSUERS: OLD GROUPING, 1934-47 — Continued
[In millions of dollars]
Industrial & misc.
Month

New
capital

Retirement
of securities

Public utility
New
capital

Retirement
of securities

Railroads
New
capital

1944__Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

41
54
29
59
40
40
47
38
15
117
23
27

53
7
18
68
63
30
74
10
77
74
23
7

1945—Jan..
Feb.,
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

29
14
44
84
139
20
179
134
92
118
28
79

48
27
40
44
99
47
304
116
42
105
33
105

6
7
7
42
9
32

47
81
121
134
196
37
302
111
372
524
54
181

1946—Jan..
Feb..
Mar.
Apr.,
May
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.

108
60
120
286
160
256
196
359
134
220
480
241

48
109
27
165
137
160
154
78
12
13
48
30

2
2
1
20
16
48
190
12
27
109
25
426

47
41
67
125
421
144
157
37
82
20
28
84

7
2
2
1
7
9
9
3
16
21
18
37

1947_Jan..
Feb..
Mar.
Apr..
May.
June,
July.
Aug..
Sept.
Oct..
Nov.
Dec.

152
125
83
317
167
141
213
120
71
247
148
550

84
4
6
24
35
26
39
13
11
23
45
43

18
59
225
35
56
361
228
71
172
298
247
502

28
25
107
65
180
181
73
96
136
9
31

28
7
11
17
15
28
28
23
4
31
37
20




3
6
5
12
14
7

4
11
3
12

162

61
30
132
29
58
25
56
26
155
485
265
20

Real estate & financial

Retirement
of securities

New
capital

Retirement
of securities

9
25
2
4
21
19
10
2

41
115
179
35
48
82

12

119
96

14
18

346
57

12
10
4
27

93
74
266
219

19

160
190
97
69
24

3
19

10

31
1

3
2
2
42
11
4
14

2
17
6
9
22
23
24
6
15
3
28
22
26
33
51
7
5
8
54
12
60

22

12
36
15
4
47
16
20
29

1
2
12
30
2
3
5

8
10
18
4

2
12

23. NEW SECURITY ISSUES — Continued
C.

PROPOSED USES OF NET PROCEEDS BY MAJOR GROUPS OF CORPORATE ISSUERS: NEW GROUPING, 1948-63
[In millions of dollars]

Manuf icturing
Period
New
capital

Retirement of
securities

Commercial and
miscellaneous

New
capital

Retirement of
securities

Transportation

New
capital

Retirement of
securities

Public utility

New
capital

Retirement of
securities

Communication

New
capital

Retirement of
securities

Real estate
and financial

New
capital

Retirement of
securities

1948
1949

2,126
1,347

54
44

382
310

21
28

691
784

56
11

2,005
2,043

144
233

890
517

2
49

557
558

30
35

1950
1951 .
1952
1953
1954

1,026
2,846
3,713
2,128
2,044

149
221
261
90
190

474
462
512
502
831

63
56
24
40
93

609
437
758
553
501

196
53
225
36
270

1,927
2,326
2,539
2,905
2,675

682
85
88
67
990

314
600
747
871
651

81
5
6
3
60

639
449
448
1,536
788

100
66
60
24
273

1955
1956..
1957
1958..
1959

2,397
3 336
4,104
3,265
1,941

533
243
49
195
70

769
682
579
867
812

51
50
29
13
28

544
694
802
778
942

338
20
14
38
15

2,254
2 474
3,821
3,605
3,189

174
14
51
138
15

1,045
1 384
1,441
1,294
707

77
21
4
118

1,812
1 815
1,701
1,014
1,801

56
17
67
47
6

79
287
228
190

794
1 109
803
774

30
36
32
55

672
651
543
873

39
35
16
83

2,754
2,883
2,341
1,935

51
106
444
699

1,036
1 435
1,276
726

382
11
356

2,401
2 248
1,825
2,933

71
22
23
144

6

49
47
51
45
26
88
70
42
44
65
75
90

121
110
200
242
108
236
123
75
153
168
146
326

5
12
36
15

60
1
92
6
114
153
65
3
83
79
72
161

. .

...

1,997
3 691
2,958
3,312

1948—Jan
Feb....
Mar
Apr
May.
June
July. . .
Aug
Sept
Oct
Nov
Dec

92
365
98
210
158
101
237
95
110
357
148
155

1949—Jan
Feb .
Mar
Apr..
May
June
July...
Sept
Oct .
Nov
Dec.

123
136
103
298
96
165
200
44
22
67
35
58

Jan. . .
Feb
Mar
..
Apr
May
June
July. .
Aug
Sept . . . .
Oct
Nov
Dec

29
50
47
23
145
152
64
41
60
149
122
144

1951—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov... .
Dec

66
55
263
326
333
365
138
213
144
297
194
454

I960
1961
1962
1963..

.

AUE

1950




11
9
24
1
5
2
2
3

34
56
23
27
27
47
47
19
25
29
16
34

5
1
1

3
5

5

26
17
38
11
21
31
10
26
47
38
11
34

13
2

57
73
96
49
77
71
132
27
33
70
26
74

2
4
11
13
9
23
7
12
10
22
13
22

31
20
14
27
37
35
66
29
59
23
27
107

4
1
1
6
7
9
2
4
6
16
6
1

82
26
96
63
55
40
68
39
70
25
20
24

9
4
34
47
6
19
17
17
13
10
21
26

62
24
54
43
43
48
24
18
24
40
46
37

7
5
2
4
14
5
12
3
3

44
12
50
26
19
30
19
69
48
17
70
34

i
7
6
1
4
16

4
8

2

163

37
19

1

7

4
31
22
29
50
4
3
57
18
3
14

1
16

29
2
14
21
8
2

7
2
8
46
4
386
26
1
4
13
16
4

126
96
166
239
182
484
113
93
64
148
129
203

16
39
2
1
27
45
4
96

192
67
132
217
145
389
48
108
146
192
122
168

11
30
48
55
166
159
10
105
12
41
39
5

203

133
216
117
265
193
252
186
146
125
196
257
240

8
3
38
5
2
3

6
2
423
24
3
2
51
3
8
15
37
25

2

4
2
.......
14

17
24
5
3
19
7
7
14
11
4

1
1

3
35

10

2

8
61
3
2
4
4

1

60
14
171
37
9
74
46
10
47
44
36
8

14
2
1

10
54
28
77
41
77
24
6
58
11
92
79

14
15

20
22
61
85
30
118
32
60
26
26
41
117
31
39
20
26
33
88
74
27
14
62
14
21

2
7

1

6

50
23
8
13
3
1
1
1
6
2
4
15
36

2

23.

NEW SECURITY ISSUES — Continued

C. PROPOSED USES OF NET PROCEEDS BY MAJOR GROUPS OF CORPORATE ISSUERS: NEW GROUPING, 1948-63 — Continued
[In millions of dollars]

Manufsicturing
Month

New
capital

1952 Jan
Feb
Mar
Apr
May
June
July

Retirement of
securities

Commercial and
miscellaneous

New
capital

Sept
Oct.. .
Nov
Dec.

373
247
381
268
581
264
336
93
136
577
147
309

5
24
5
16
50
7
18
34
47
19
18
18

25
11
45
71
22
44
49
33
14
29
21
148

1953—Jan.. .
Feb
Mar .
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

280
140
192
302
89
276
116
44
131
53
93
409

8
6
7
7
19
7
17
2
1
2
6
9

17
72
35
23
55
38
55
17
18
47
25
100

AUK

1954 Jan
Feb
Mar
Apr.
M^ay
June
July
Aug ..
Sept
Oct
Nov
Dec.

117
45
99
76
199
273
520
107
109
273
105
123

17
2
7
8
6
23
5
10
40
5
3
64

51
24
62
63
41
90
68
41
58
127
73
132

1955 Jan
Feb..
Mar
Apr..
May
June.
July
Aug
Sept
Oct
Nov
Dec

147
67
539
123
351
155
214
115
166
85
149
287

37
16
86
31
52
8
140
55
19
32
54

44
61
95
38
49
109
63
37
68
56
70
79

1956 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

171
183
252
259
467
281
333
196
206
314
147
526

26
19
24
78
11
19
8
16
10
7
19
5

40
44
47
29
58
77
95
83
36
31
110
33

1957 Jan
Feb
Mar
Apr
May

379
558
361
322
130
623
248
243
320
129
220
572

5
4

41
76
34
39
48
35
69
51
38
51
38
60

July
AUE

Sept
Oct
Nov
Dec




9
6
5
5
4
2
8

Retirement of
securities
3
9
3
1
2
2
2
1
1
15
1
6
2
4
3
1
2
4

i
6
12
1
4
32
14
1
16
4
5
3
1
1
9
4
4
14
6
4

3
1
1
16
1
21
4
2
3
3
2
1
2
3
5

12

Transportation

New
capital

25
44
99
167
99
23
82
27
38
29
32
93
42
33
82
66
40
45
46
15
32
36
32
84
65
37
42
58
20
40
60
46
40
22
18
52
48
8
36
18
55
55
29
45
50
54
17
130
26
38
71
53
86
54
36
37
63
37
45
148
101
30
70
73
80
50
45
31
80
49
54
138

164

Retirement of
securities

68
35
85
1
2
12
23
14
18

3
7
4
12
31
123
25
51
18
43
89
3
141
4
52
4
1
j

10
1
2
5

8

6

Public utility

New
capital

174
95
401
259
228
343
231
106
165
280
43
213
214
245
210
215
391
314
207
97
241
350
229
191
275
266
316
237
330
373
188
104
174
212
46
153

Retirement of
securities
i
2
10
2
2
1
67
3
8
2
8
17
1

i
5
16
8
46
72
173
58
132
55
74
60
15
305

195
97
195
178
231
260
103
84
208
166
268
269

41
7
28
36
16
11

67
196
189
292
335
226
237
154
242
227
153
157

1

246
246
490
354
350
431
244
251
417
333
287
173

6
13
1
12
2

i
6
1
4

13
16
6
7

9

Communication

New
capital

2
3
5
47
26
28
493
21
16
26
47
33
28
7
16
13
7
37
18
30
88
13
5
608
27
7
28
26
40
8
2
25
326
98
20
43
5
26
21
12
24
32
45
91
19
694
40
35
3
36
102
15
81
11
261
82
56
68
596
73
105
46
277
50
82
136
54
124
65
369
92
41

Retirement of
securities

2

:

1

2

1
3
54
1
2
18
6
6
32
10
3
1
18

1

3

Real estate
and financial

New
capital

15
13
19
58
35
68
47
11
20
58
50
55
42
125
132
160
93
412
40
122
242
77
45
46
12
48
88
38
26
58
71
12
41
270
26
100
96
147
337
110
177
76
143
272
158
107
88
100
267
216
155
170
118
192
102
102
236
68
37
151
189
110
89
91
75
178
343
224
53
159
98
92

Retirement of
securities
1
1
1
10
4
25
1
7
3
7
1
1
5
7
2
3
2
3
1

25
1
98
128
2
7
4
1
8
2
26
6
4
1
2
3
3
8
1
1
1
4
2
7

1
2
4

1
30
30

23. NEW SECURITY ISSUES — Continued
C. PROPOSED USES OF NET PROCEEDS BY MAJOR GROUPS OF CORPORATE ISSUERS: NEW GROUPING, 1948-63 — Continued
[In millions of dollars]

Manufacturing
Month
New
capital

1958

Jan .
Feb
Mar
Apr
May
June
July
AUK
Sept
Oct
Nov
Dec

145
173
196
612
162
253
526
113
473
265
120
226

Retirement of
securities
10
40
11
27
40
22
14
4
7
9
11

Commercial and
miscellaneous

New
capital

28
24
48
68
22
29
40
55
386
41
74
53

1959—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

143
123
92
279
250
222
135
127
206
86
114
164

16
1
1
5
7
4
1
15
4
14

I960 Jan
Feb.
Mar
Apr.
May
June.
July
Auc
Sept
Oct
Nov
Dec

59
67
172
171
92
249
182
220
161
185
249
191

4
1
1
2
6
1
6
4
4
27
22

61
99
129
47
68
49
38
51
45
66
79
61

1961 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec .

155
99
227
584
441
459
430
257
254
267
226
291

2
4
28
16
25
123
9
23
5
29
9
14

35
90
45
92
113
112
102
88
62
160
59
151

1962 Jan
Feb
Mar
Apr
May

205
133
311
383
269
344
204
218
145
167
249
331

14
2
2
67
3
35
28
4
17
10
16
31

98
54
71
102
94
73
27
46
57
40
39
103

135
220
592
148
216
227
297
272
237
240
214
515

5
6
31
5
29
10
28
3
47
5
8
13

49
52
85
64
60
114
63
50
32
60
41
104

Julv
Auc
Sept
Oct
Nov
Dec
1963 Jan
Feb
Mar
Apr
May
June
July
AUJT

Sept
Oct
Nov
Dec . . . .




3

67
108
48
74
53
129
61
44
35
83
50
61

Retirement of
securities

j
3
2
4
2

|
2
6
2
10
4
2
1

Transportation

New
capital

83
42
60
88
24
106
59
27
33
81
25
151

24

80
154
56
74
35
93
32
98
138
104
17
60

2
3

57
18
74
53 •
78
38
50
92
51
36
45
78

2
6
1
9
1
6
3
1

5
22
1
1
5

Retirement of
securities

83
55
46
27
68
117
11
68
28
57
60
32

1

6

25
45
75
28
38
45
24
72
47
20
35
90

2
1
5
12
2
3
4
7
4
4
5
8

99
30
143
34
101
109
35
36
61
25
83
118

2
3
4
4
7
6

165

5

6

2

4
1
1
1
1
1
35

1
7
20
7

1

15

60
12
8
2
1

Public utility

New
capital

322
368
402
293
302
409
347
281
181
311
126
263
295
185
333
314
337
328
170
191
109
341
241
346
155
245
198
303
144
362
126
222
303
203
314
180
137
160
84
245
439
371
288
215
111
297
364
172
89
148
192
377
198
410
118
111
148
141
169
241
114
115
97
342
222
230
107
100
78
201
131
198

Retirement of
securities

22
38
16
46

2
14
2
2
5
1
1
5

2
18
3
14
10
2

21
17
14
3
2
8
40
24
4
2
16
56
4
142
13
108
50
25
65
30
61
86
58
179
82
22
73
41
2

Communication

New
capital

34
35
797
40
11
12
101
14
9
48
89
103

Retirement of
securities
50
37
30

1

34
62
9
16
6
22
7
36
56
126
262
72
36
85
68
52
36
61
57
165
94
254
27
100
21
38
19
996
86
20
22
14
75
21
78
45
73
362
21
oo
64
76
88
120
67
259
4
54
125
68
43
71
92
58
86
25
39
41
13
64

Real estate
and financial

New
capital

117
214
51
38
75
78
34
50
32
117
84
124
202
105
107
138
104
94
129
245
161
140
180
198

1

70
45
12
251

3
1

1
4
2
2
3

3
262
8
5
71
1
4
3

Retirement of
securities
3
1

2
1
4
34

1
2
1
1
2

201
201
219
136
157
286
282
215
72
147
242
242

50

148
217
107
197
111
238
198
134
100
299
178
320

7
1
1

58
118
150
177
108
183
112
207
93
192
181
245
91
110
183
271
212
276
89
155
348
446
337
416

3
1
9
4

3

4
4
1
2
1
1
9
1
2
3
2
1
2
2
1
105
9
5
2
4
7
1
4
6

24.

NEW ISSUES OF STATE AND LOCAL GOVERNMENT SECURITIES, 1946-63
[In millions of dollars]
Issues for new capital

All issues (new capital and refunding)
Type of issue

Type of issuer

Period
Total

General
obligations

Revenue

Public
Housing
Auth.

U. S.
Govt.
loans

1946
1947
1948
1949

1,204
2,354
3,004
2,996

979
1,964
2,388
2,170

206
386
550
683

19
4
66
143

1950
1951
1952
1953
1954

3,694
3,278
4,401
5,558
6,969

3,035
2,159
2,580
3,492
3,380

600
730
1,454
1,558
3,205

59
389
358
499
375

9
9
9

1955
1956
1957
1958
1959

5,976
5,446
6,926
7,526
7,697

3,742
3,577
4,795
5,447
4,782

1,730
1,626
1,965
1,778
2,407

502
199
66
187
332

2
44
99
115
176

1960
1961
1962
1963

7,292
8,566
8,845
10,538

4,771
5,724
5,582
5,855

2,095
2,407
2,681
4,180

302
315
437
254

125
120
145
249

State

Special
district
and

Other

Total
amount
delivered
Total

stat.
auth.

Use of proceeds

Education

Roads
and
bridges

Utilities

Housing

Veterans'
aid

150
870
900
651

201
374
533
524

853
1,111
1,572
1,821

1,049
2,311
2,813
2,889

194
205
412
• 524

168
202
423
520

181
476
438
545

9
70
148
203

39
673
643
263

1,460

246
722

1,988
1,889
2,378
2,701
3,459

3,579
3,188
4,087
5,477
6,789

709
582
969
1,320
1,432

510
580
938
1,588
2,136

619
640
642
803
1,270

123
361
424
506
456

635
42
100
141
162

668
718
767

2,047

1,305
2,091
1,463

1,408

1,097

800

983

1,489
1,993
1,686

1,272
1,371
2,121

3,472
3,664
4,164
4,162
3,890

6,568
7,708
7,423

5,911
5,383
6,875
7,441
7,589

1,516
1,455
2,524
2,617
2,318

1,362
698
1,036
1,164
844

881
1,399
1,517
1,412
1,985

570
258
113
251
401

169
110
333
339
355

1,110
1,928
1,419
1,620

1,984
2,165
2,600
3,636

4,198
4,473
4,825
5,281

7,102
8,301
8,732
10,496

7,247
8,463
8,568
9,151

2,405
2,821
2,963
3,029

1,007
1,167
1,114
812

1,316
1,700
1,668
2,344

426
385
521
598

201
478
125

1946—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

76
76
89
85
144
131
139
68
89
53
78
175

3
17
3
1
38
6
17
1
23
2
31
9

7
20
6
14
52
21
15
1
3
2
4
56

65
39
80
71
53
105
107
66
63
49
43
111

70
54
58
74
96
117
133
68
79
49
78
173

12
10
16
16
28
18
20
14
6
10
14
32

2
19
2
3
8
18
6
8
17
11
4
72

20
4
15
18
15
6
32
14
18
6
9
25

1947_jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

229
100
354
406
109
215
145
194
275
121
106
101

13
36
206
307
14
115
1
16
145
5
2
10

85
15
57
9
5
2
25
130
34
6
5

131
49
91
89
90
97
119
49
96
110
99
91

220
100
352
396
107
214
135
193
275
117
104
100

13
6
21
15
19
21
29
5
5
23
21
29

13
37
23
13
19
7
8
7
55
8
9
4

105
25
66
10
15
9
39
119
19
22
34
13

1948—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

126
227
640
183
196
308
258
319
119
283
214
132

26
101
503
7
2
80
13
34
18
36
66
14

4
7
21
6
2
52
146
147
1
122
12
13

96
119
117
169
192
176
99
138
100
126
137
105

124
221
639
181
187
303
148
269
118
280
212
129

35
9
28
24
45
56
37
49
37
37
26
30

18
28
29
9
8
68
25
116
5
82
33
4

15
55
37
68
32
58
26
25
22
41
46
13

1949—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

199
204
172
199
350
325
244
219
333
231
266
256

51
16
2
2
90
152
71
39
86
83
53
9

4
3
5
58
153
2
6
38
79
4
56
118

145
185
165
139
107
171
168
143
169
144
157
129

198
199
171
198
343
324
243
217
326
229
242
199

72
41
23
21
34
63
50
38
54
46
54
29

5
21
26
4
149
36
42
16
160
17
23
21

31
37
64
67
33
28
25
83
44
31
51
51




166

15

24
1

'266'
300
10
75
80
1

88
504
"•5'

11
4
3
50
54
5

"25*
1
2

1
1

50
5

'52'
2
8
50

50
124

5
15
3

24. NEW ISSUES OF STATE AND LOCAL GOVERNMENT SECURITIES, 1946-63 — Continued
[In millions of dollars]
All issues (new capital and refunding)
Type of issue

Issues for n e w capital

Type of issuer

Use of proceeds
Total
amount
delivered

Month
Total

General
obligations

Revenue

Public
Housing
Auth.

U. S.
Govt.
loans

State

Special
district
and
stat.
auth.

Total

Other

Education

Roads
and
bridges

Utilities

5
74
40
12
16
11

125
133
164
175
221
199
192
177
114
171
166
152

247
564
356
180
335
342
207
316
286
229
378
141

58
19
64
42
116
65
47
52
75
50
86
35

16
46
107
18
49
22
21
6
62
28
123
13

34
47
46
53
56
52
67
93
29
44
76
24

21
10
39
26
62
35
181
10
73
199
28
38

159
178
119
149
212
222
157
134
149
166
134
110

162
204
159
235
429
333
363
156
248
372
287
242

25
47
29
90
98
62
35
41
51
37
39
28

4

18
12
63
160
78
27
12
28
18
137
118

15
41
42
102
8
29
55
44
136
100

45
54
64
35
73
60
69
33
61
76
41
30

575
304
151
456
406
637
245
212
474
309
230
403

58
44
2
177
153
75
3
17
2
62
66
61

349
6
13
5
66
345
5
21
302
46
9
137

168
254
136
274
188
217
238
174
171
201
155
205

358
300
147
455
392
630
244
201
474
303
183
398

100
69
47
84
75
136
81
64
68
99
76
72

13
51
12
119
48
365
24
28
69
37
18
156

58
45
39
72
58
63
54
55
34
77
36
52

392
363
433
349
650
443
522
260
476
483
411
777

44
125
84
51
22
64
96
87
30
62
94
9

157
16
59
111
362
51
154
18
262
196
135
571

191
222
290
187
267
328
272
155
184
225
182
198

389
360
426
329
649
434
519
259
475
453
408
774

98
108
113
72
148
195
149
77
51
115
86
106

32
18
93
66
237
20
207
74
137
156
160
387

64
88
113
54
49
106
84
29
51
55
50
62

1954 Jan
Feb
Mar
Apr
May
June....
July
Aug
Sept
Oct
Nov
Dec

399
414
570
735
783
855
280
300
652
616
459
906

53
76
89
126
401
142
42
34
80
201
239
566

17
62
179
300
14
432
9
41
305
103
1
2

330
276
303
310
368
281
230
225
267
312
219
338

396
411
565
734
748
853
279
261
649
594
423
877

128
138
139
160
154
188
70
79
124
118
62
72

6
67
72
307
385
376
18
54
199
209
182
261

70
97
88
102
50
67
59
63
95
130
58
391

1955—Jan
Feb
Mar
Apr
May
June....
July
Aug
Sept
Oct
Nov
Dec

541
328
540
429
350
651
470
259
407
926
661
415

65
23
256
35
18
202
59
6
12
442
267
23

130
14
23
119
89
104
125
2
103
189
53
146

347
290
262
275
243
346
286
251
293
295
340
246

535
312
538
427
350
642
470
249
406
919
658
408

171
115
163
134
94
137
99
87
88
88
205
136

25
19
132
23
18
185
81
27
92
509
144
107

67
82
86
59
55
115
59
47
94
64
73
80

1950 Jan
Feb
Mar
Apr
May....
June....
July
Aug
Sept
Oct
Nov
Dec

248
569
362
184
355
361
207
323
290
229
395
171

121
403
177
8
103
163
11
72
136
46
213
8

1951 Jan.. .
Feb
Mar
Apr
May
June
July
Sept
Oct.. .
Nov
Dec

180
206
170
238
434
335
364
156
249
382
299
266

1952 Jan.. .
Feb
Mar
Apr
May
June
July...
Aug
Sept....
Oct
Nov
Dec.
1953

AUK.

Jan
Feb
Mar
Apr. .
May
June..
July
AUK
Sept
Oct
Nov
Dec




2
33
21
2
31

167

Housing

1
21
3
3
63
1
11
9

Veterans'
aid

Other
purposes

90
400
19

49
51
100
64
113
136
71
88
57
107
90
59

4
""65"
55
3

11

4
8
171
15
157

io

38

134
5
8
73

76
22
2

202
1
137
100
11
10
123

125

15

121

5

61

50
16
2
15
10

121
3
3
126
1
139
1

10
60

118
3
54
112
28
125
5

60
22
20
8

126
60

87
98
47
70
215
102
80
53
67
58
71
36
54
130
42
104
116
67
86
53
101
90
53
119
58
46
96
126
91
114
79
79
96
128
112
93
81
94
144
147
145
95
132
63
83
136
120
93
93
93
81
99
182
157
107
83
124
132
176
85

25. NET CHANGE IN OUTSTANDING CORPORATE SECURITIES
A. BY ALL ISSUERS, 1934-63
[In millions of dollars]
Derivation of change
All securities

Period
New

Retire-

Common and preferred stocks

Bonds and notes
Net
change

New
issues

Retirements

Net
change

New issues
Invest,
cos.

Net change

Retirements

Other

Invest,
cos.

Other

Invest,
cos.

Other

1934

393

653

-260

370

620

-250

23

33

-10

1935
1936
1937
1938
1939

2,327
4,495
2,275
2,179
2,122

2,670
3,869
2,323
1,630
2,681

-343
626
-48
549
-559

2,224
3,994
1,623
2,082
1,929

2,424
3,419
2,075
1,504
2,550

-200
575
^52
• 578
-621

103
501
652
97
193

246
450
248
126
131

-143
51
404
-29
62

1940
1941
1942
1943
1944

2,751
2,743
1,082
1,215
3,231

3,024
2,767
1,418
2,015
3,747

-273
-24
-336
-800
-516

2,472
2,391
928
990
2,670

2,814
2,516
1,317
1,757
3,322

-342
-125
-389
-767
-653

279
352
154
225
561

210
251
101
258
425

69
101
53
-33
136

1945
1946
1947
1948
1949

6,145
6,796
6,600
7,597
6,776

6,718
4,570
2,409
1,677
1,876

-573
2,226
4,191
5,921
4,900

4,908
4,702
5,008
5,936
4,867

5,946
3,588
2,003
1,212
1,582

-1,038
1,114
3,005
4,725
3,285

325
423

1,236
2,093
1,592
1,336
1,486

222
115

772
983
406
243
179

103
308

464
1,111
1,186
1,093
1,307

1950
1951
1952
1953
1954

7,269
9,059
10,781
9,633
11,829

3,504
2,759
2,750
2,425
5,635

3,765
6,300
8,031
7,208
6,193

4,804
5,682
7,344
6,651
7,832

2,800
2,099
2,402
1,894
4,033

2,004
3,583
4,942
4,757
3,799

577
779
851
766
998

1,888
2,598
2,586
2,216
2,999

281
365
203
247
406

423
295
145
284
1,196

296
414
648
519
592

1,465
2,303
2,441
1,932
1,802

1955
1956
1957
1958
1959

12,641
13,414
14,608
15,091
13,338

5,574
5,013
3,586
5,273
4,845

7,066
8,402
11,021
9,818
8,493

7,571
7,814
9,611
9,661
7,122

3,383 •
3,203
2,584
3,811
3,049

4,188
4,611
7,026
5,850
4,073

1,451
1,680
1,688
2,360
2,838

3,619
3,920
3,309
3,070
3,378

466
437
406
519
794

1,725
1,373
596
943
1,002

985
1,243
1,282
1,841
2,044

1,893
2,548
2,713
2,127
2,376

1960
1961
1962
1963

13,485
17,503
14,206
15,552

4,962
6,999
6,457
8,711

8,523
10,504
7,750
6,841

8,072
9,194
8,613
10,556

3,078
4,024
3,749
4,979

4,994
5,170
4,864
5,577

2,688
3,855
3,338
3,049

2,725
4,454
2,255
1,948

855
1,171
1,140
1,536

1,029
1,804
1,567
2,197

1,833
2,684
2,198
1,513

1,696
2,650
688
-249

1948—1..
II.
III
IV

1,980
1,986
1,446
2,185

440
440
425
372

1,540
1,547
1,021
1,813

1,482
1,463
1,150
1,841

311
337
298
266

1,171
1,126
852
1,575

76
90
73
86

422
433
223
258

49
41
96
36

80
62
31
70

27
50
-23
50

342
371
192
188

1949—1..
II.
III
IV

1,376
2,606
1,260
1,534

320
395
434
726

1,056
2,212
825
808

1,071
1,997
829
970

271
322
358
630

800
1,675
471
340

87
95
110
131

218
514
321
433

32
24
25
34

17
49
51
62

55
71
84
97

201
466
270
371

1950—1..
II.
III
IV

1,642
2,473
1,329
1,825

765
1,131
935
673

877
1,342
394
1,152

1,056
1,587
933
1,228

641
913
750
496

415
674
183
732

157
135
125
160

429
751
271
437

54
76
67
84

70
142
118
93

103
59
58
76

359
609
153
344

1951—1..
II.
III
IV

2,154
2,673
1,733
2,498

763
834
632
530

1,392
1,839
1,101
1,967

1,465
1,702
1,065
1,450

586
633
478
402

879
1,069
587
1,047

213
155
165
246

476
816
503
802

107
92
90
76

70
109
64
52

106
63
75
170

407
707
439
750

1952—1..
II.
III
IV

2,352
3,048
2,462
2,919

526
628
745
851

1,825
2,420
1,717
2,069

1,544
2,127
1,793
1,879

457
544
640
761

1,087
1,583
1,152
1,119

196
190
203
263

612
731
466

52
51
52
49

17
33
53
41

144
139
152
214

594
698
413
736

1953—1..
II.
III
IV

2,337
2,922
1,873
2,501

630
627
532
637

1,707
2,295
1,341
1,864

1,488
2,065
1,313
1,785

491
478
419
506

997
1,587
894
1,279

213
184
166
203

636
673
394
513

67
71
54
55

72
78
59
76

146
113
112
148

564
595
335
437

I..
II.
III
IV

2,727
2,883
3,066
3,153

1,007
1,287
1,405
1,937

1,720
1,596
1,661
1,218

1,600
1,868
2,302
2,062

773
883
993
1,384

827
985
1,309
679

211
201

916
814
522
747

112
107
99

146
292
305
454

123
89
135
245

770
522
217
294




170

in

25. NET CHANGE IN OUTSTANDING CORPORATE SECURITIES — Continued
A. BY ALL ISSUERS, 1934-63 — Continued
[In millions of dollars]
Derivation of change
All securities

Common and preferred stocks

Bonds and notes

Period
New
issues

Retirements

Net
change

New
issues

Retire-

Net
change

New issues
Invest.

Retirements

Net change

Other

Invest,
cos.

Other

Invest,
cos.

Other

1955—1..
II.
Ill
IV

2,983
2,895
2,944
3,819

,377
,525
,471
,201

1,606
1,369
1,472
2,618

1,678
1,750
1,838
2,305

775
834
938
836

903
916
899
1,469

387
311
350
403

918
834
756
1,111

145
127
101
93

457
564
432
272

242
184
249
310

461
269
324
839

1956—1..
II.
Ill
IV

3,001
3,358
3,394
3,661

,184
,598
,102
,128

1,816
1,760
2,291
2,533

1,709
2,124
2,160
1,821

812
931
752
707

896
1,193
,407
,114

424
377
379
500

868
857
855
1,340

117
118
109
93

255
549
241
328

307
259
270
407

613
308
614
1,012

1957—1..
II.
Ill
IV

3,755
3,771
3,535
3,546

904
958
864
860

2,851
2,813
2,671
2,687

2,348
2,316
2,552
2,394

654
699
607
624

,694
,617
,945
,771

460
370
395
463

947
1,085
588
689

102
111
97
96

148
148
160
140

358
259
298
367

799
937
428
549

1958—1..
II.
Ill
IV

3,634
4,090
3,598
3,770

933
1,649
1,371
1,321

2,701
2,441
2,226
2,449

2,800
2,416
2,262
2,184

660
1,357
1,014
781

2,140
1,059
1,248
1,403

395
604
622
739

439
1,070
714
847

94
113
135
177

179
179
222
363

301
491
487
562

260
891
491
484

1959—1..
II.
Ill
IV

3,109
3,548
2,914
3,766

1,201
1,371
1,179
1,095

1,910
2,177
1,734
2,672

1,544
1,837
1,661
2,080

718
895
726
710

827
942
934
1,370

700
666
674
798

865
1,045
579

201
231
188
174

282
245
265
211

499
435
486
624

584
800
314
678

1960—1..
II.
Ill
IV

3,023
3,209
3,391
3,861

1,213
1,220
1,283
1,246

1,810
1,989
2,109
2,615

1,596
1,824
2,089
2,562

719
744
859
756

877
1,080
1,230
1,806

750
591
624
723

677
794
678
576

223
229
207
196

271
247
217
294

527
362
417
527

406
547
462
282

1961—1..
II.
Ill
IV

3,371
5,727
3,702
4,703

1,435
1,798
1,739
2,028

1,936
3,929
1,963
2,676

1,437
3,303
1,997
2,457

771
1,172
1,201
880

666
2,131
796
1,577

895
836
949
1,175

1,039
1,588
756
1,071

333
321
251
266

331
305
287
882

562
515
698
909

708
1,283
469
190

1962—1..
II.
Ill
IV

3,394
4,267
2,870
3,676

1,465
1,695
1,700
1,597

1,930
2,571
1,171
2,079

1,644
2,675
1,801
2,494

776
879
1,094
1,000

868
1,796
707
1,494

1,128
876
597
737

622
716
472
445

287
324
239
290

402
492
367
307

841
552
358
447

221
223
106
138

1963—1..
II.
Ill
IV.

3,175
4,287
3,342
4,747

1,801
2,447
1,987
2,475

1,374
1,840
1,355
2,272

2,096
3,078
2,159
3,222

1,087
1,540
1,230
1,121

1,009
1,538
929
2,101

709
675
734
931

370
534
449
594

352
399
393
392

362
508
364
962

357
276
341
539

26
85
-368




171

25. NET CHANGE IN OUTSTANDING CORPORATE SECURITIES—Continued
B.

Manufacturing

BY TYPE OF ISSUER, 1948-63
[In millions of dollars]

Commercial
and other

Transportation

Public utility

Communication

Real estate
and financial 1

Period
Bonds
& notes

Stocks

Bonds
& notes

Stocks

Bonds
& notes

Stocks

Bonds
& notes

Stocks

Bonds
& notes

Stocks

Bonds
& notes

Stocks

6
-23
41
42
105
34

363
438

-10
-5

1,555
1,232

302
755

678
324

358
351

381
430

196
403

302
-10
284
68
107

_3
27
-20
-50

1,029
I 399
,483
,639
,768

699
754
845
1 069
794

-33
112
147
426
-126

454
666
817
622
982

375
162
236
1,242
264

473
610
770
684
812

-31
-164
29
11
162

-260
-31

,144
H7
2 585
2,133
1,738

849
796
815
1,027
1 028

432
375
1 236
494
475

879
1,196
189
1,070
445

1,170
1,131
995
206
994

1,160
1,540
1,554
1,999
2 342

-46
-447
-201
-352

415
-8
289
413
332
173
71
-85
316

1,689
1,648
1,295
876

635
704
479
245

901
149
1 172
438

356
1,457
357
447

1,572
775
833
1,806

2,164
3,212
2,517
1,607

97
31
56
45

2
22
2
-20

68
115
51
128

-3
-5

390
400
248
518

28
120
50
105

80
208
112
278

123
101
69
65

213
56
55
57

29
114
4
50

52
97
-8
-7

43
29
59
55

9
-4
-4
-23

123
103
92
121

2
-1

316
583
143
191

64
298
126
267

27
419
-62
-61

48
37
140
125

56
157
60
158

81
110
99
112

-74
-14
-33
217

-11
118
-20
10

21
20
85
109

-12
21
31

104
113
80
5

-1
1

182
467
86
294

220
273
5
201

135
-14
-118
-36

126
127
121
80

48
103
82
143

128
164
85
96

1951 I
II
Ill ..
IV

165
741
232
557

112
168
125
243

71
86
6
62

13
13
-11
28

-53
-63
43
62

5
-8
3
-4

314
372
343
370

126
248
87
293

136
194
200
136

43
42
56
21

1952 I
II
Ill
IV

656
779
412
795

235
110
31
149

22
21
43
64

21
56
12
17

61
215
32
-25

6
26
-12
7

432
464
217
369

179
326
203
137

339
-109
-93
-25
-91
-8
422
-176

132
146
156
382

6
113
25
92

121
155
109
225
165
173
175
257

1953_I
II
Il
l
IV

446
497
160
62

24
24
_7
19

73
33
22
88

-1
10
20
5

12
40
-24
41

-3
1
-7
-13

343
488
335
473

289
363
161
256

-112
-46
36
548

209
146
147
120

237
574
364
67

192
163
132
197

1954 i
II ...
Ill
IV . .

404
244
478
295

-14
40
-39
-132

58
70
53
187

-24
81
154
-103

-8
-3
-40

660
582
332
194

192
340
113
149

50
50
34
131

156
89
124
443

230
217
65
233

198
52
44
-12

66
74
41
99

9
96
182
129

-48
-163
-43
-6

254
305
146
439

180
262
188
219

-320
-41
260
-25
-53
32
41
413

521
163
138
161

1955—I . ...
II
III ... .
IV

38
-13
18
-42
40
-81
-18
28

161
91
106
522

395
192
425
158

172
293
295
399

1956 I
II
Il
l
IV. ..

238
448
368
552

105
112
94
145

12
14
154
-9

26
-136
13
-66

-46
-88
126

5
-28
13
-22

196
573
335
233

209
162
186
238

26
12
210
126

177
125
267
627

470
233
340
87

398
333
311
498

1957 I
II
III

656
294
458
371

440
507
166
294

14
13
59
56

30
15
2
-16

69
57
30
133

-12
24
_5
-6

603
600
793
590

261
343
58
154

128
500
173
435

42
15
78
54

224
152
432
187

397
293
427
437

1,518
676

345
135

230
186

96
1 695
2,641
1,166
1,420

97
648
525
61
-145

235
225
150
216
367

1955
1956
1957
1958
1959

745
1,606
1 779
2,197
316

282
455
1 407
-46
442

I960
1961
1962
1963

399
2,012
1 355
1,804

462
415
-242
-664

281
171
142
406
217
261
516
294
339

III
IV ...

324
316
330
548

190
70
45
40

1949—i
II ...
Il
l
IV

235
385
180
-124

1950—I
II
II. ...
IV

1948
1949
1950
1951
1952
1953
1954

.. .

1948—I

I
I

IV

-93
2
-42
-7
-25
-19

-2

-6"

For note see opposite page.




172

25. NET CHANGE IN OUTSTANDING CORPORATE SECURITIES — Continued
B. BY TYPE OF ISSUER, 1948-63 — Continued
[In millions of dollars]

Period

M anufacturing
Bonds
& notes

Stocks

Commercial
and other
Bonds
& notes

Transportation

Stocks

Bonds
& notes

Stocks

Public utility
Bonds
& notes

Stocks

Communication
Bonds
& notes

Stocks

Real estate
and financial *
Bonds
& notes

Stocks

1958—1
II
Ill
IV

217
822
694
463

-29
-34
-24
41

-13
8
352
59

-7
-16
6
29

82
98
18
215

-25
4
-3
-69

721
664
398
350

274
193
284
276

857
-511
-16
165

8
712
223
127

275
-21
-198
151

340
524
493
642

1959—1
II
Ill
IV

2
201
100
13

134
174
42
92

47
96
27
48

18
47
41
55

118
32
127
54

2
18

388
557
253
540

234
375
87
332

37
-25
61
402

122
124
90
109

235
80
366
313

572
497
540
733

1960—1
II
Ill
IV

-110
132
37
341

85
86
209
81

147
41
24
49

2
52
-55
-46

24
64
29
55

-8
-24

218
541
466
464

182.
152
153
149

143
113
226
418

90
79
101
86

455
189
448
479

582
540
479
564

1961—1
II
Ill
IV

124
960
586
343

97
152
70
95

27
164
48
278

-84
63
70
-496

17
58
-26
21

-17
11
1
-2

95
670
269
614

185
214
152
153

99
101
-170
119

490
727
90
150

305
178
89
203

600
630
784
1,199

1962—1
II
Ill
IV

180
556
265
353

75
131
6
83

-121
-27
-11
-40

-60
-25
-33
33

-2
-14
-9

197
694
95
309

50
233
135
62

434
188
244
307

85
86
97
89

42
252
130
409

1963—1
II
Ill
IV

391
460
378
574

49
-146
-143
-2
-101
-234
-54
-275

58
177
17
87

15
-14
-17
-307

100
131
95
180

-3
-28
27
-15

190
250
148
288

25
165
8
47

197
99
82
61

87
99
131
129

73
422
399
912

1,001
631
400
485
370
313
330
592

1

-19
-9

Includes investment companies.




173

26. MUTUAL SAVINGS BANKS: ASSETS AND LIABILITIES, 1945-63
[In millions of dollars]
Loans

Securities

End of period

State
and
local
govt.

Corporate
and
other

Cash

Mortgage

Other

U. S
Govt.

1945.
1946.
1947.
1948.
1949.

4,202
4,451
4,856
5,583
6,479

62
75
94
106
106

10,650
11,745
11,984
11,509
11,444

1950.
1951.
1952.
1953.
1954.

8,039
9,747
11,231
12,792
14,845

127
129
144
165
188

10,877
9,827
9,443
9,191
8,755

1955.
1956.
1957.
1958.
1959.

17,279
19,559
20,971
23,038
24,769

211
248
253
320
358

8,463
7,982
7,583
7,270
6,871

I960.
1961.
1962.
1963.

26,702
28,902
32,056
36,007

416
475
602
607

6,243
6,160
6,107
5,863

,387
,377
,402
,426
,441
,490
,533
,572
,614
,643
,659
,696

838
764
724
779
669
681
881

Other
assets

Total
assets—
Total
liabilities Deposits
& general
reserve
accounts

Other
liabilities

General
reserve
accounts

606
815
881
877
872

243
203
213
223
233

16,962
18,662
19,724
20,482
21,503

15,332
16,813
17,759
18,400
19,287

48
61
71
80
94

1,582
1,788
1,894
2,002
2,121

2,356
2,490
140
2,925
335
3,311
428
3,548
608

792
883
917
983
1,026

255
288
304
330
380

22,446
23,504
25,301
27,199
29,350

20,025
20,900
22,610
24,388
26,351

137
153
164
203
261

2,283
2,450
2,527
2,608
2,738

646
676
685
729
721

3,364
3,548
4,344
4,971
4,845

966
920
889
921
829

416
448
490
535
552

31,346
33,381
35,215
37,784
38,945

28,182
30,026
31,684
34,031
34,977

310
369
427
526
606

2,854
2,986
3,105
3,227
3,362

672
677
527
440

5,076
5,040
5,177
5,074

874
937
956
912

589
640
695
799

40,571
42,829
46,121
49,702

36,343
38,277
41,336
44,606

678
781
828
943

3,550
3,771
3,957
4,153

206
226
243
247
256
272
213

19,353
19,428
19,511
19,612
19,620
19,587
19,724

16,867
16,937
17,025
17,085
17,137
17,415
17,462
17,525
17,607
17,646
17,585
17,759

1,199
1,373
1,696
2,183
2,368

1947—Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec..

4,458
4,478
4,481
4,503
4,534
4,606
4,646
4,677
4,709
4,761
4,794
4,856

88
82
83
87
93
96
94

11,855
11,945
11,978
11,974
12,029
12,124
12,177
12,211
12,177
12,198
12,086
11,984

1948—Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

4,893
4,914
4,955
5,009
5,057
5,134
5,203
5,274
5,320
5,422
5,491
5,583

87
90
97
95
108
105
97
97
106
100
111
106

12,019
12,026
12,075
12,064
11,997
11,992
12,011
11,927
11,763
11,667
11,543
11,509

,747
,802
,872
,912
,942
,979
2,002
2,032
2,085
2,096
2,121
2,183

849
850
798
743
760
832
726
738
882
841
798
877

229
242
245
257
273
221
233
243
248
261
271
223

19,824
19,925
20,043
20,080
20,137
20,263
20,273
20,311
20,404
20,388
20,335
20,482

17,854
17,931
18,008
18,051
18,088
18,209
18,205
18,227
18,272
18,283
18,210
18,400

71
83
110
104
116
95
106
112
147
109
130
80

1,899
1,911
1,926
1,924
1,933
1,958
1,963
1,973
1,985
1,995
1,995
2,002

1949_Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

5,638
5,694
5,753
5,816
5,875
5,950
6,012
6,084
6,174
6,273
6,368
6,479

101
101
103
100
112
106
98
99
106
103
116
106

11,620
11,627
11,684
11,685
11,662
11,659
11,645
11,633
11,590
11,521
11,408
11,444

2,221
2,248
2,244
2,314
2,339
2,367
2,411
2,402
2,412
2,409
2,398
2,368

796
790
812
730
732
799
765
776
785
780
756
872

238
252
253
273
289
231
246
262
266
291
316
233

20,613
20,711
20,849
20,918
21,008
21,112
21,177
21,255
21,333
21,377
21,362
21,503

18,515
18,581
18,690
18,745
18,803
18,948
18,988
19,025
19,082
19,119
19,065
19,287

94
115
126
136
155
101
122
148
156
151
169
94

2,004
2,015
2,033
2,038
2,049
2,063
2,067
2,083
2,096
2,108
2,128
2,121

1950—-Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.

6,571
6,665
6,776
6,869
6,972
7,093
7,219
7,366
7,520
7,698
7,847
8,039

99
99
104
103
131
118
129
134
126
142
172
127

11,528
11,517
11,565
11,584
11,581
11,573
11,491
11,390
11,217
11,095
10,953
10,877

2,387
2,439
2,443
2,448
2,447
2,434
2,434
2,400
2,384
2,365
2,331
2,356

829
845
857
805
774
831
755
727
794
734
721
792

252
269
261
281
294
245
246
257
288
296
292
255

21,667
21,834
22,006
22,092
22,200
22,293
22,274
22,275
22,330
22,329
22,317
22,446

19,428
19,523
19,670
19,740
19,807
19,939
19,895
19,856
19,884
19,896
19,843
20,025

114
134
150
167
196
144
163
191
201
188
219
137

2,125
2,176
2,185
2,184
2,197
2,210
2,216
2,229
2,244
2,245
2,254
2,283

1951_j an ...
Feb..
Mar..
Ap
Apr..
May.
June.

8,175
8,283
8,428
8,585
8,761
8,914

117
121
130
129
149
128

10,858
10,748
10,490
10,390
10,307
10,222

2,355
2,370
2,388
2,438
2,458
2,499

707
713
874
840
793
851

278
296
295
299
314
279

22,491
22,531
22,605
22,680
22,781
22,892

20,048
20,049
20,105
20,162
20,234
20,400

153
182
187
207
232
169

2,291
2,300
2,313
2,311
2,315
2,323




174

82

1,855
1,966
1,986
2,005
1,974
2,002
71
1,894

26. MUTUAL SAVINGS BANKS: ASSETS AND LIABILITIES, 1945-63 — Continued
[In millions of dollars]
Securities

Loans

Total
assets—
Total
liabilities
& general
reserve
accounts

Deposits

Cash

Other
assets

2,528
2,543
2,556
2,591
2,597
140
2,490

813
780
795
785
753
883

288
300
314
306
323
288

22,978
23,080
23,184
23,233
23,265
23,504

20,457
20,522
20,606
20,667
20,654
20,900

191
217
219
201
234
153

2,329
2,341
2,359
2,364
2,377
2,450

205
210
247
248
254
243
268
274
278
296
297
335

2,498
2,551
2,603
2,681
2,735
2,774
2,821
2,845
2,866
2,913
2,905
2,925

830
853
845
827
816
965
754

23,633
23,787
23,984
24,128
24,306
24,460
24,592
24,735
24,925
24,996
25,052
25,301

21,027
21,137
21,318
21,435
21,572
21,772
21,877
21,985
22,170
22,261
22,268
22,610

160
197
191
214
247
192
217
247
245
219
262
164

2,447
2,453
2,475
2,478
2,487
2,496
2,498
2,502
2,510
2,516
2,521
2,527

9,507
9,533
9,537
9,526
9,547
9,479
9,494
9,498
9,435
9,332
9,289
9,191

341
406
411
369
377
394
397
406
412
419
425
428

2,980
3,038
3,060
3,110
3,145
3,199
3,247
3,261
3,293
3,297
3,277
3,311

848
816
800
917
882
847
872
843
787
867
805
798
841
878
812
983

302
311
314
314
327
312
308
317
324
321
332
304
318
334
346
367
374
344
361
366
372
378
383
330

25,523
25,741
25,902
26,074
26,232
26,402
26,552
26,691
26,846
26,936
26,968
27,199

22,803
22,917
23,116
23,269
23,385
23,620
23,731
23,819
23,977
24,077
24,060
24,388

192
290
228
256
294
224
253
292
273
263
298
203

2,528
2,534
2,557
2,549
2,552
2,559
2,568
2,579
2,596
2,596
2,611
2,608

155
160
169
168
210
198
181
185
191
179
198
188

9,199
9,196
9,161
9,119
9,123
9,030
8,935
8,926
8,885
8,857
8,757
8,755

446
459
470
499
531
535
556
564
570
581
591
608

3,410
3,445
3,484
3,501
3,516
3,552
3,599
3,616
3,625
3,612
3,572
3,548

953
957
1,004
942
878
987
974
941
949
909
920
1,026

356
369
372
375
390
367
369
388
398
377
392
380

27,434
27,609
27,856
27,995
28,217
28,397
28,515
28,709
28,889
28,956
29,049
29,350

24,577
24,694
24,928
25,040
25,205
25,438
25,534
25,644
25,838
25,939
25,970
26,351

234
280
273
296
337
277
304
354
327
293
339
261

2,623
2,635
2,655
2,659
2,675
2,682
2,677
2,711
2,725
2,724
2,739
2,738

15,009
15,174
15,395
15,579
15,771
15,999
16,213
16,437
16,669
16,890
17,067
17,279

181
187
196
182
206
204
182
193
207
196
218
211

8,785
8,793
8,799
8,754
8,740
8,685
8,719
8,712
8,667
8,556
8,483
8,463

639
646
659
657
662
663
682
679
659
654
642
646

3,559
3,567
3,574
3,558
3,520
3,512
3,480
3,440
3,417
3,407
3,372
3,364

1,028
985
984
937
953
989
924
927
917
891
885
966

394
408
414
404
410
409
408
408
418
413
427
416

29,595
29,761
30,021
30,071
30,262
30,461
30,607
30,796
30,954
31,008
31,095
31,346

26,546
26,651
26,917
26,961
27,086
27,329
27,427
27,537
27,718
27,803
27,830
28,182

299
342
322
339
385
335
372
427
381
378
405
310

2,750
2,768
2,782
2,771
2,791
2,797
2,809
2,833
2,854
2,827
2,860
2,854

1956—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec..

17,471
17,661
17,866
18,049
18,243
18,429
18,627
18,854
19,040
19,245
19,420
19,559

182
189
214
215
263
250
220
231
245
238
276
248

8,485
8,477
8,485
8,433
8,391
3,315
8,309
8,262
8,225
8,078
8,000
7,982

671
673
689
686
681
678
680
681
677
672
673
676

3,377
3,412
3,415
3,417
3,436
3,476
3,509
3,511
3,525
3,538
3,530
3,548

914
900
887
832
829
914
851
832
832
799
111
920

425
435
444
446
460
440
446
451
462
455
469
448

31,525
31,747
31,998
32,077
32,303
32,503
32,642
32,823
33,006
33,024
33,146
33,381

28,321
28,456
28,694
28,739
28,900
29,185
29,261
29,363
29,522
29,584
29,634
30,026

346
403
399
430
472
387
440
495
504
463
511
369

2,859
2,888
2,905
2,909
2,930
2,930
2,941
2,965
2,981
2,977
3,002
2,986

1957_j an ..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec..

19,695
19,787
19,914
20,035
20,162
20,280
20,402
20,513
20,616
20,740
20,840
20,971

232
251
277
262
313
282
249
268
274
243
261
253

8,003
8,023
8,041
7,965
7,946
7,874
7,867
7,878
7,861
7,725
7,589
7,583

682
683
683
685
687
686
693
690
692
689
692
685

3,616
3,670
3,753
3,816
3,878
3,950
4,013
4,073
4,128
4,188
4,285
4,344

831
831
844
788
800
871
798
757
783
759
765
889

459
468
473
468
480
472
476
485
497
486
507
490

33,518
33,713
33,986
34,019
34,265
34,415
34,497
34,663
34,851
34,831
34,939
35,215

30,112
30,224
30,461
30,468
30,637
30,902
30,918
31,008
31,214
31,248
31,284
31,684

405
462
483
507
563
461
510
567
532
488
536
427

3,002
3,027
3,042
3,044
3,065
3,052
3,069
3,089
3,105
3,095
3,119
3,105

Mortgage

Other

U.S.
Govt.

1951—July.
Aug.
Sept.
Oct..
Nov.
Dec.

9,059
9,208
9,321
9,459
9,592
9,747

129
126
126
133
154
129

10,161
10,122
10,073
9,959
9,847
9,827

1952—Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

9,843
9,929
10,045
10,165
10,273
10,405
10,543
10,665
10,790
10,962
11,075
11,231

115
123
124
124
144
134
125
128
133
131
158
144

9,840
9,809
9,807
9,770
9,756
9,626
9,774
9,729
9,687
9,558
9,484
9,443

1953—Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

11,344
11,446
11,530
11,709
11,830
11,961
12,100
12,208
12,334
12,474
12,608
12,792

151
136
146
151
172
158
148
154
160
158
175
165

1954—Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

12,915
13,022
13,197
13,391
13,570
13,729
13,902
14,088
14,271
14,440
14,618
14,845

1955—Jan..
Feb..
Mar.
Apr.,
May,
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.




State
and
local
govt.

175

m

Other
liabilities

General
reserve
accounts

Corporate
and
other

End of month

26.

MUTUAL SAVINGS BANKS: ASSETS AND LIABILITIES, 1945-63 — Continued
[In millions of dollars]
Loans

Securities

End of month

Cash

Other
assets

Total
assets—
General
Total
reserve
liabilities Deposits
Other
& general
liabilities accounts
reserve
accounts

Mortgage

Other

U. S.
Govt.

State
and
local
govt.

Corporate
and
other

May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

21,101
21,200
21,366
21,519
21,714
21,958
22,152
22,348
22,530
22,725
22,876
23,038

270
277
277
258
286
268
243
267
287
258
280
320

7,583
7,562
7,603
7,518
7,456.
7,419
7,430
7,449
7,422
7,330
7,298
7,270

708
712
717
722
703
725
734
736
738
735
734
729

4,503
4,590
4,676
4,773
4,893
4,881
4,914
4,923
4,957
4,951
4,950
4,971

829
892
928
881
876
925
858
853
871
863
825
921

498
511
520
511
521
540
537
542
551
533
555
535

35,493
35,744
36,087
36,181
36,450
36,716
36,868
37,119
37,356
37,396
37,519
37,784

31,917
32,066
32,402
32,495
32,676
32,982
33,070
33,213
33,480
33,575
33,617
34,031

463
542
523
543
604
553
600
675
624
581
634
526

3,113
3,137
3,162
3,143
3,169
3,181
3,198
3,230
3,251
3,239
3,267
3,227

1959—Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

23,107
23,232
23,407
23,562
23,723
23,879
24,058
24,214
24,374
24,511
24,635
24,769

212
239
256
242
278
318
305
339
356
327
366
358

7,324
7,364
7,427
7,383
7,395
7,301
7,288
7,276
7,244
6,963
6,878
6,871

728
724
763
729
740
747
751
750
758
738
730
721

4,931
4,937
4,908
4,967
4,947
4,966
4,918
4,931
4,929
4,874
4,845
4,845

803
821
866
752
760
803
724
727
725
698
718
829

533
538
559
541
550
547
549
547
562
553
556
552

37,639
37,855
38,185
38,175
38,392
38,560
38,592
38,784
38,947
38,664
38,729
38,945

33,860
33,974
34,287
34,293
34,413
34,624
34,570
34,650
34,847
34,660
34,633
34,977

571
641
629
630
699
643
711
799
730
665
723
606

3,208
3,240
3,269
3,252
3,280
3,294
3,312
3,336
3,370
3,339
3,372
3,362

I960—Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

24,928
25,044
25,194
25,323
25,484
25,653
25,812
26,018
26,214
26,381
26,553
26,702

333
372
412
386
446
396
435
449
435
417
425
416

6,862
6,851
6,883
6,734
6,655
6,562
6,514
6,544
6,512
6,356
6,288
6,243

715
706
709
722
699
695
691
686
687
681
676
672

4,833
4,824
4,875
4,857
4,871
4,926
4,965
4,957
4,989
4,985
5,019
5,076

698
735
776
690
732
840
771
765
787
779
788
874

565
569
570
574
578
569
572
564
592
585
590
589

38,934
39,101
39,420
39,288
39,464
39,642
39,760
39,983
40,216
40,185
40,339
40,571

34,909
34,959
35,279
35,184
35,242
35,463
35,484
35,589
35,867
35,923
35,961
36,343

660
742
722
713
799
720
795
878
806
740
810
678

3,364
3,400
3,419
3,391
3,423
3,459
3,480
3,515
3,543
3,522
3,567
3,550

1961—Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

26,863
27,003
27,207
27,383
27,570
27,771
27,972
28,179
28,335
28,513
28,680
28,902

412
427
453
401
449
417
385
431
455
420
469
475

6,349
6,449
6,566
6,350
6,337
6,296
6,314
6,320
6,305
6,185
6,172
6,160

667
667
666
664
665
687
685
686
687
682
677
677

5,079
5,064
5,110
5,099
5,126
5,158
5,160
5,137
5,118
5,062
5,042
5,040

825
846
855
804
834
861
835
821
867
840
847
937

610
621
624
625
607
616
620
629
654
645
642
640

40,804
41,076
41,480
41,326
41,588
41,806
41,970
42,202
42,422
42,348
42,529
42,829

36,513
36,649
37,000
36,946
37,060
37,427
37,450
37,549
37,859
37,844
37,892
38,277

728

3,563
3,606
3,630
3,599
3,645
3,659
3,668
3,718
3,739
3,716
3,779
3,771

1962—Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

29,145
29,333
29,563
29,833
30,087
30,399
30,688
31,000
31,243
31,548
31,820
32,056

455
461
508
468
537
519
506
549
563
536
586
602

6,245
6;322
6,531
6,315
6,331
6,296
6,285
6,311
6,314
6,152
6,133
6,107

669
651
633
606
587
582
577
568
563
548
540
527

5,064
5,065
5,090
5,055
5,057
5,069
5,135
5,159
5,151
5,154
5,183
5,177

837
884
896
818
829
883
837
808
852
867
832
956

655
661
676
671
670
675
678
677
702
697
683
695

43,071
43,378
43,897
43,766
44,100
44,421
44,706
45,073
45,388
45,502
45,776
46,121

38,446
38,611
39,083
39,032
39,216
39,642
39,814
40,029
40,458
40,644
40,791
41,336

1963—Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec..

32,492
32,812
33,125
33,452
33,809
34,075
34,389
34,690
34,964
35,333
35,654
36,007

575
583
611
568
614
588
583
662
667
637
659
607

6,143
6,172
6,432
6,191
6,166
6,189
6,170
6,137
6,076
5,899
5,885
5,863

512
501
475
470
462
458
455
455
453
451
448
440

5,176
5,166
5,157
5,085
5,080
5,090
5,107
5,132
5,171
5,149
5,073
5,074

819
870
891
830
852
890
828
809
848
819
811
912

735
722
743
728
734
737
750
741
775
765
781
799

46,451
46,826
47,436
47,325
47,717
48,028
48,282
48,626
48,955
49,052
49,312
49,702

41,565
41,780
42,306
42,318
42,549
42,972
43,109
43,282
43,712
43,910
44,028
44,606

1958—Jan..
Feb..
Mar.




176

.

821

850
781
883
720
852
935
823
788
857
781
845
944
973
923
1,016

921
1,022
1,127

996
955
1,025

828
932
1,052
1,106
1,034
1,148
1,023
1,138
1,248
1,124
1,049
1,141

943

3,780
3,823
3,840
3,811
3,868
3,859
3,870
3,916
3,934
3,904
3,960
3,957
3,955
3,993
4,023
3,973
4,019
4,033
4,035
4,096
4,118
4,093
4,143
4,153

27.

SAVINGS AND LOAN ASSOCIATIONS: ASSETS AND LIABILITIES, 1945-63
[In millions of dollars]
Liabilities

Assets
End of period

Mortgages

U. S.
Goyt.
securities

Cash

Other

Total
assets—
Total
liabilities

Savings
capital

Reserves
Borrowed
and
undivided
money
profits

Loans in
process

Other

1945
1946
1947
1948
1949

5,376
7,141
8,856
10,305
11,616

2,420
2,009
1,740
1,455
1,462

450
536
560
663
880

356
381
416
501
566

8,747
10,202
11,687
13,028
14,622

7,365
8,548
9,753
10,964
12,471

644
751
855
969
1,106

336
402
542
590
499

402
501
537
505
546

1950
1951
1952
1953
1954

13,657
15,564
18,396
21,962
26,108

1,487
1,603
1,787
1,920
2,013

924
1,066
1,289
1,479
1,971

733
899
1,108
1,297
1,469

16,893
19,222
22,660
26,733
31,633

13,992
16,107
19,195
22,846
27,252

1,280
1,453
1,658
1,901
2,187

900
894
944
1,027
950

721
768
863
959
789

455

1955
1956
1957
1958
1959

31,408
35,729
40,007
45,627
53,141

2,338
2,782
3,173
3,819
4,477

2,063
2,119
2,146
2,585
2,183

1,789
2,199
2,770
3,108
3,729

37,656
42,875
48,138
55,139
63,530

32,142
37,148
41,912
47,976
54,583

2,557
2,950
3,363
3,845
4,393

1,546
1,347
1,379
1,444
2,387

912
887
856
1,161
1,293

499
543
628
713
874

1960
1961
1962
1963

60,070
68,834
78,770
90,944

4,595
5,211
5,563
6,445

2,680
3,315
3,926
3,979

4,131
4,775
5,346
6,191

71,476
82,135
93,605
107,559

62,142
70,885
80,236
91,308

4,983
5,708
6,520
7,209

2,197
2,856
3,629
5,015

1,186
1,550
1,999
2,528

968
1,136
1,221
1,499

1950—Mar.
June
Sept.
Dec.

12,014
12,694
13,293
13,657

1,497
1,506
1,489
1,487

885
913
727
924

597
672
689
733

15,090
15,880
16,291
16,893

12,925
13,422
13,418
13,992

1,190

315
437
694
900

1951—Mar.
June
Sept.
Dec.

13,999
14,539
15,058
15,564

1,547
1,558
1,577
1,603

844
940
852
1,066

751
849
852
899

17,232
17,977
18,429
19,222

14,286
14,910
15,317
16,107

1952—Mar.
June
Sept.
Dec.

16,057
16,875
17,696
18,396

1,690
1,687
1,765
1,787

1,080
1,182
1,044
1,289

918
996
,011
,108

19,832
20,825
21,598
22,660

16,811
17,656
18,198
19,195

1953—Mar.
June
Sept.
Dec.

19,051
20,099
21,116
21,962

1,926
1,997
1,982
1,920

1,259
1,333
,196
,479

,128
,218
,212
,297

23,442
24,724
25,582
26,733

20,072
21,140
21,735
22,846

1954_Mar.
June
Sept.
Dec.

22,698
23,798
24,982
26,108

1,925
1,956
1,966
2,013

,615
,790
,677
,971

,327
,427
,369
,469

27,639
29,045
30,067
31,633

23,893
25,128
25,824
27,252

1955—Jan..
Feb..
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

26,413
26,750
27,288
27,824
28,379
28,993
29,529
30,116
30,595
30,935
31,185
31,408

2,087
2,154
2,192
2,223
2,249
2,269
2,327
2,343
2,323
2,321
2,334
2,338

,959
,966
,917
,828
,833
,959
,715
,651
,610
,726
,793
2,063

,441
,455
,497
,548
,639
,651
,579
,615
,636
,685
,779
,789

31,970
32,394
32,962
33,490
34,166
34,937
35,214
35,787
36,225
36,727
37,150
37,656

27,716
28,041
28,399
28,717
29,137
29,855
29,979
30,276
30,547
30,965
31,355
32,142

1956—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

31,675
31,971
32,368
32,776
33,212
33,652
34,066
34,513
34,867
35,223
35,497
35,729

2,452
2,525
2,582
2,637
2,680
2,646
2,680
2,719
2,732
2,746
2,771
2,782

2,019
2,015
1,968
1,906
1,918
2,040
1,862
1,766
1,723
1,759
1,817
2,119

,764
,820
,864
,952
2,079
2,091
2,008

2,017 •
2,071
2,139
2,220
2,199

37,967
38,387
38,837
39,325
39,942
40,481
40,667
41,065
41,442
41,915
42,352
42,875

32,605
32,951
33,298
33,617
34,079
34,848
34,990
35,277
35,544
35,949
36,326
37,148

1957_jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

35,950
36,209
36,567
36,967
37,413
37,834
38,241
38,701
39,058
39,475
39,753
40,007

2,925
3,040
3,129
3,155
3,169
3,129
3,170
3,194
3,220
3,215
3,238
3,173

1,948
1,908
1,884
1,835
1,874
2,059
1,739
1,636
1,647
1,629
1,715
2,146

2,179
2,235
2,321
2,436
2,576
2,607
2,513
2,572
2,628
2,715
2,775
2,770

43,047
43,437
43,945
44,437
45,076
45,673
45,707
46,147
46,597
47,077
47,524
48,138

37,485
37,793
38,145
38,453
38,905
39,726
39,674
39,926
40,250
40,611
40,989
41,912




177

T,280"
1,360
T,453"
1,540

i,658*
1,780

T,90i"
2,028
'2',i87*

2,349

2,557

2,741

2,950

3,130

3,363

831

746
811
742
894

'" 768 '

584
648
711
944

'' 863 "

606
714
797
1,027

896

' ' 98Y

1,090"
959

692
746
761
950

571
713
787
789

784
752
762
822
894
,102
,164
,292
,403
,476
,494
,546

777
808
918
,000
,073
,133
,148
,187
,137
,070
987
912

,358
,283
,232
,227
,225
,279
,220
,236
,264
,266
,266
,347

879
913
972
,035
,067
,079
,077
,061
,031
989
925
887

,136
,067
,048
,059
,080
,181
,144
,181
,228
1,244
1,254
1,379

847
861
912
955
996
1,024
1,032
1,025

430
455

498

499

534

543

612

1,000

988
906
856

628

27. SAVINGS AND LOAN ASSOCIATIONS: ASSETS AND LIABILITIES, 1945-63 — Continued
[In millions of dollars]
Liabilities

Assets

Cash

Other

Total
assets—
Total
liabilities

2,028
2,201
2,413
2,532
2,574
2,752
2,462
2,392
2,315
2,208
2,250
2,585

2 780
2,793
2 797
2,899
2 998
2,955
2,865
2 877
2,922
3 059
3 161
3,108

48 272
48,679
49 233
49,894
50 575
51,364
51,580
52 196
52,888
53 627
54,292
55,139

42 365
42,741
43 229
43,591
44 102
45,037
45,110
45 470
45,917
46 424
46,904
47,976

3,558

1,035

3,845

1,049
1,133
1,191
1,232
1,444

1,050
1,091
1,109
1,155
[,176
1,164
1,161

2,288
2,261
2,260
2,080
2,107
2,345
,914
,872
1,820
,751
1,812
2,183

3,069
3,152
3,251
3,402
3,588
3,603
3,489
3,503
3,570
3,656
3,793
3,729

55,498
56,080
56,849
57,635
58,625
59,708
60,075
60,810
61,494
62,147
62,781
63,530

48,422
48,827
49,354
49,768
50,367
51,456
51,657
52,051
52,498
52,894
53,378
54,583

3,855
3,863
3,864
3,870
3,879
4,094
4,102
4,113
4,120
4,128
4,138
4,393

1,264
1,210
1,202
1,299
1,361
[,675
1,706
,825
1,973
2,109
2,165
2,387

[,123
1,163
1,276
1,373
1,466
1,578
[,588
1,583
1,541
1,482
1,382
1,293

,868
1,834
1,883
1,857
,938
2,258
2,025
2,055
2,080
2,182
2,265
2,680

3,617
3,681
3,785
3,893
4,103
4,053
3,905
3,899
3,949
3;948
4,181
4,131

63,623
64,118
64,786
65,432
66,376
67,265
67,497
68,220
68,956
69,769
70,546
71,476

55,050
55,456
56,086
56,456
57,078
58,298
58,455
58,941
59,545
60,211
60,763
62,142

4,403
4,413
4,421
4,428
4,435
4,647
4,641
4,644
4,648
4,651
4,662
4,983

,936
1,813
,688
,727
,731
,941
,817
,839
,888
1,874
1,926
2,197

1,198
1,186
1,233
1,277
,331
,378
,372
1,357
,318
1,284
1,212
1,186

1,036
1,250
1,358
1,544
1,801
1,001
1,212
1,439
1,557
1,749
1,983

2,589
2,649
2,655
2,680
2,829
2,958
2,742
2,661
2,712
>,794
>,878
5,315

4,028
4,097
4,220
4,335
4,558
4,496
4,352
4,436
4,518
4,625
4,828
4,775

71,741
72,495
73,425
74,244
75,431
76,501
76,873
77,856
78,796
79,839
80,962
82,135

62,736
63,292
64,000
64,419
65,221
66,577
66,701
67,208
67,887
68,611
69,390
70,885

4,981
4,987
4,995
5,007
5,010
5,284
5,280
5,282
5,289
5,290
5,296
5,708

1,732
1,652
1,626
1,716
1,757
2,027
2,027
2,159
2,287
2,362
2,441
2,856

,119
,133
,231
,325
,416
,536
,552
,593
,588
,578
,559
,550

1,173
1,431
1,573
1,777
2,027
1,077
1,313
1,614
1,745
1,998
2,276
1,136

2,961
$,057

4,670
4,709
4,804
4,897
5,298
5,236
5,058
5,158
5,241
5,281
5,445
5,346

82,376
83,198
84,240
85,043
86,408
87,546
87,910
88,968
90,004
91,116
92,216
93,605

71,379
71,944
72,862
73,236
73,997
75,392
75,417
76,052
76,909
77,724
78,581
80,236

5,732
5,734
5,735
5,734
5,735
6,014
6,019
6,021
6,035
6,058
6,070
6,520

2,475
2,377
2,296
2,421
2,519
2,883
2,972
3,063
3,159
3,195
3,172
3,629

5,237
5,284
5,403
5,491
5,883
5,855
5,708
5,860
5,904
5,991
6,170
6,191

94,021
95,049
96,347
97,411
98,940
100,470
101,076
102,373
103,670
105,030
106,186
107,559

81,219
82,070
83,272
83,764
84,748
86,379
86,368
87,032
87,963
88,774
89,588
91,308

6,553
6,573
6,571
6,585
6,600
6,802
6,813
6,831
6,835
6,843
6,860
7,209

2,895
2,700
2,604
2,729>
2,843
3,436
3,693
"3,915
4,212
4,417
4,468
5,015

,494
,542
,653
,784
,897
,969
,995
,983
,991
1,979
1,932
1,999
1,931
1,956
2,098
2,255
2,355
2,462
2,489
2,496
2,542
2,582
2,510
1 ,528

1,296
1,601
1,694
1,868
2,260
1,288
1,507
1,849
1,910
2,160
2,461
1,221
1,423
1,750
1,802
2,078
2,394
1,391
1,713
2,099
2,118
2,414
2,760
1,499

End of month
Mortgages

U. S.
Govt.
securities

1958—Jan..
Feb..
Mar.
Apr..
May,
June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.

40,246
40,486
40,824
41,227
41,755
42,328
42,882
43,446
44,024
44,629
45,099
45,627

3 218
3,199
3,199
3,236
3 248
3,329
3,371
3 481
3,627
3 731
3,782
3,819

1959—Jan..
v Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

46,039
46,469
47,065
47,775
48,531
49,364
50,168
50,908
51,584
52,210
52,674
53,141

4,102
4,198
4,273
4,378
4,399
4,396
4,504
4,527
4,520
4,530
4,502
4,477

I960—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

53,462
53,862
54,403
54,967
55,602
56,364
57,009
57,731
58,387
58,989
59,504
60,070

4,676
4,741
4,715
4,715
4,733
4,590
4,558
4,535
4,540
4,650
4,596
4,595

1961—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

60,437
60,874
61,569
62,265
63,081
64,056
64,797
65,712
66,521
67,332
68,089
68,834

4,687
4,875
4,981
4,964
4,963
4,991
4,982
5,047
5,045
5,088
5,167
5,211

1962—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug.
Sept.,
Oct..
Nov.,
Dec.

69,352
69,944
70,728
71,558
72,520
73,526
74,406
75,409
76,238
77,182
77,972
78,770

5,393
5,488
5,523
5,480
5,472
5,408
5,454
5,446
5,488
5,523
5,569
5,563

1963—Jan..
Feb..
Mar.,
Apr..
May.
June.
July.
Aug.,
Sept.,
Oct..
Nov..
Dec.

79,440
80,143
81,055
82,128
83,320
84,554
85,681
86,909
88,020
89,151
89,967
90,944

5,751
5,922
6,100
6,136
6,115
6,203
6,274
6,237
6,349
6,423
6,551
6,445




•

\

•

:

A

A

A

A

A

*

A

A

A

A

A

A

'A

'A

\

'A

\

A

'A

A

'A

'A

-

'

2
$,185
2
$,108
2
$,118
'$,376

2,992
2,955
2
5,037
2
$,130
2
$,230
-$,926
:

,593

2 ,700
2
$,789
2
$,656
2 ,622
2 ,858
2 ,413
2 ,367

,397
3,465
3,498
3,979

178

Savings
capital

Reserves
and

undivided
profits

Borrowed
money
1,004
876
787
899
870
998

Loans in
process

Other

806
811
864
926
979

684

713
834

1,017
1,153
1,325
1,552
905

1,022
1,238
1,362
1,534
1,718
874

968

28. LIFE INSURANCE COMPANIES: ASSETS AND LIABILITIES, 1945-63
[In millions of dollars]
Government securities
End of period

Total
assets
Total

Statement value:
1945
1946
1947
1948
1949

United
States

Business securities
Mortgages

State
and local

Foreign

Total

Bonds

Real
estate

Policy
loans

Stocks

Other
assets

44,797
48,191
51,743
55,512
59,630

22,545
23,575
22,048
19,135
17,868

20,583
21,629
20,021
16,746
15,290

722
614
609
872
1,052

1,240
1,332
1,418
1,517
1,526

11,059
13,024
16,099
20,272
23,124

10,060
11,775
14,709
18,844
21,406

999
1,249
1,390
1,428
1,718

6,636
7,155
8,675
10,833
12,906

857
735
860
1,055
1,247

1,962
1,894
1,937
2,057
2,240

1,738
1,808
2,124
2,160
2,245

1950.
1951.
1952.
1953.
1954.

64,020
68,278
73,375
78,533
84,486

16,118
13,760
12,905
12,537
12,262

13,459
11,009
10,252
9,829
9,070

1,152
1,170
1,153
1,298
1,846

1,507
1,581
1,500
1,410
1,346

25,351
28,111
31,515
34,438
37,300

23,248
25,890
29,069
31,865
34,032

2,103
2,221
2,446
2,573
3,268

16,102
19,314
21,251
23,322
25,976

1,445
1,631
1,903
2,020
2,298

2,413
2,590
2,713
2,914
3,127

2,591
2,872
3,088
3,302
3,523

1955..
1956..
1957..
1958..
1959*.

90,432
96,011
101,309
107,580
113,650

11,829
11,023
10,690
11,234
11,581

8,576
7,555
7,029
7,183
6,868

2,038
2,273
2,376
2,681
3,200

1,215
1,195
1,285
1,370
1,513

39,545
41,587
44,057
47,108
49,666

35,912
38,084
40,666
42,999
45,105

3,633
3,503
3,391
4,109
4,561

29,445
32,989
35,236
37,062
39,197

2,581
2,817
3,119
3,364
3,651

3,290
3,519
3,869
4,188
4,618

3,742
4,076
4,338
4,624
4,937

1960.
1961.
1962.
1963.

119,576
126,816
133,291
141,121

11,679
11,896
12,448
12,438

6,427
6,134
6.170
5,813

3,588
3,888
4,026
3,852

1,664
1,874
2,252
2,773

51,857
55,294
57,576
60,780

46,876
49,036
51,274
53,645

4,981
6,258
6,302
7,135

41,771
44,203
46,902
50,544

3,765
4,007
4,107
4,319

5,231
5,733
6,234
6,655

5,273
5,683
6,024
6,385

Book value:
1947—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec,

48,234
48,546
48,893
49,111
49,339
49,705
49,998
50,213
50,569
50,833
51,049
51,537

23,385
23,434
23,123
23,162
23,139
22,934
22,850
22,730
22,493
22,460
22,265
21,775

21,501
21,546
21,199
21,233
21,219
21,014
20,895
20,776
20,532
20,517
20,305
19,826

597
599
606
614
622
622
621
620
624
611
618
614

1,287
1,289
1,318
1,315
1,298
1,298
1,334
1,334
1,337
1,332
1,342
1,335

13,086
13,273
13,387
13,758
13,968
14,355
14,683
14,796
15,067
15,299
15,634
16,174

11,935
12,108
12,200
12,535
12,700
13,053
13,351
13,462
13,707
13,945
14,264
14,801

1,151
1,165
1,187
1,223
1,268
1,302
1,332
1,334
1,360
1,354
1,370
1,373

7,160
7,272
7,364
7,439
7,552
7,682
7,829
7,943
8,065
8,208
8,345
8,556

744
740
736
751
757
760
768
788
795
810
819
838

1,865
1,866
1,873
1,875
1,881
1,887
1,891
1,899
1,908
1,917
1,913
1,917

1,994
1,961
2,410
2,126
2,042
2,087
1,977
2,057
2,241
2,139
2,073
2,277

1948—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.

52,003
52,238
52,584
52,866
53,122
53,457
53,774
54,041
54,358
54,628
54,892
55,383

21,734
21,491
21,355
21,093
20,918
20,681
20,428
20,202
19,943
19,521
19,286
19,050

19,731
19,498
19,341
19,068
18,889
18,658
18,361
17,923
17,642
17,198
16,947
16,679

601
611
627
638
644
659
706
771
792
819
841
864

1,402"
1,382
1,387
1,387
1,385
1,364
1,361
1,508
1,509
1,504
1,498
1,507

16,382
16,830
17,247
17,644
17,888
18,197
18,557
18,751
18,981
19,584
19,865
20,354

14,989
15,414
15,828
16,219
16,464
16,753
17,101
17,292
17,527
18,127
18,403
18,889

1,393
1,416
1,419
1,425
1,424
1,444
1,456
1,459
1,454
1,457
1,462
1,465

8,839
8,994
9,169
9,347
9,514
9,701
9,886
10,087
10,241
10,436
10,627
10,861

881
888
903
941
944
963
981
999
1,015
1,026
1,033
1,054

1,935
1,942
1,954
1,966
1,978
1,982
1,999
2,011
2,023
2,035
2,046
2,057

2,232
2,093
1,956
1,875
1,880
1,933
1,923
1,991
2,155
2,026
2,035
2,007

1949_Jan..
Feb..
Mar..
Apr..
May.
June.
July.,
Aug..
Sept..
Oct..
Nov..
Dec.

55,746
55,984
56,309
56,589
56,872
57,233
57,503
57,768
58,082
58,407
58,699
59,280

19,007
18,937
18,803
18,592
18,361
18,140
17,915
17,781
17,755
17,684
17,569
17,717

16,631
16,564
16,405
16,196
15,962
15,748
15,517
15,379
15,283
15,183
15,075
15,192

870
872
887
885
895
907
912
915
938
988
,000
,022

1,506
1,501
1,511
1,511
1,504
1,485
1,486
1,487
1,534
1,513
1,494
1,503

20,451
20,640
20,854
21,218
21,467
21,934
22,332
22,433
22,541
22,715
22,923
23,043

18,992
19,181
19,369
19,728
19,937
20,378
20,762
20,862
20,957
21,108
21,300
21,390

1,459
1,459
1,485
1,490
1,530
1,556
1,570
1,571
1,584
1,607
1,623
1,653

11,007
11,158
11,338
11,513
11,670
11,847
12,004
12,176
12,344
12,504
12,679
12,892

1,071
1,097
1,105
1,120
1,133
1,157
1,173
1,176
1,189
1,209
1,223
1,236

2,071
2,081
2,099
2,110
2,124
2,141
2,156
2,173
2,188
2,202
2,213
2,227

2,139
2,071
2,110
2,036
2,117
2,014
1,923
2,029
2,065
2,093
2,092
2,165

1950—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.

59,786
60,076
60,383
60,662
60,976
61,354
61,681
61,992
62,370
62,706
63,022
63,687

17,759
17,721
17,709
17,662
17,460
17,236
17,211
17,003
16,871
16,500
16,210
15,985

15,215
15,182
15,152
15,102
14,907
14,698
14,671
14,425
14,246
13,892
13,591
13,361

,044
,051
,078
,080
,078
,094
,101
,128
,124
,122
,139
,128

1,500
1,488
1,479
1,480
1,475
1,444
1,439
1,450
1,501
1,486
1,480
1,496

23,086
23,309
23,451
23,551
23,727
23,968
24,097
24,255
24,411
24,532
24,841
25,157

21,407
21,599
21,715
21,787
21,911
22,122
22,212
22,357
22,506
22,653
22,889
23,179

1,679
1,710
1,736
1,764
1,816
1,846
1,885
1,898
1,905
1,879
1,952
1,978

13,071
13,224
13,438
13,643
13,877
14,144
14,402
14,691
14,978
15,302
15,649
16,101

1,248
1,260
1,271
1,279
1,298
1,316
1,346
1,356
1,373
1,393
1,408
1,428

2,242
2,255
2,269
2,280
2,293
2,307
2,323
2,341
2,358
2,371
2,382
2,397

2,380
2,307
2,245
2,247
2,321
2,383
2,302
2,346
2,379
2,608
2,532
2,619

1951—Jan..
Feb..
Mar..
Apr..
May.
June.

64,296
64,539
64,822
65,156
65,496
65,727

15,889
15,722
15,295
14,931
14,803
14,518

13,243
13,083
12,630
12,253
12,109
11,793

,160
,154
,161
,143
,143
,147

1,486
1,485
1,504
1,535
1,551
1,578

25,262
25,394
25,645
25,956
26,204
26,521

23,289
23,412
23,649
23,955
24,184
24,504

1,973
1,982
1,996
2,001
2,020
2,017

16,458
16,765
17,120
17,422
17,752
18,046

1,449
1,461
1,471
1,483
1,490
1,499

2,427
2,440
2,461
2,478
2,496
2,510

2,811
2,757
2,830
2,886
2,751
2,633




179

28.

LIFE INSURANCE COMPANIES: ASSETS AND LIABILITES, 1945-63 — Continued
[Book value, in millions of dollars]
Government securities

End of month

Total
assets
Total

United
States

Business securities

State
and local Foreign

Mortgages
Total

Bonds

Real
estate

Policy
loans

Stocks

Other
assets

1951—July.
Aug.
Sept.
Oct..
Nov.
Dec.

66,128
66,455
66,777
67,181
67,476
67,983

14,438
14,184
14,103
14,033
13,855
13,672

11,730
11,471
11,355
11,254
11,122
10,958

1,140
1,150
1,165
1,171
1,159
1,142

1,568
1,563
1,583
1,608
1,574
1,572

26,709
26,968
27,142
27,371
27,544
27,949

24,685
24,929
25,088
25,307
25,455
25,882

2,024
2,039
2,054
2,064
2,089
2,067

18,290
18,549
18,714
18,928
19,099
19,291

1,517
1,540
1,555
1,578
1,590
1,617

2,523
2,536
2,546
2,563
2,565
2,575

2,651
2,678
2,717
2,708
2,823
2,879

1952—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

68,554
68,907
69,250
69,604
69,959
70,334
70,774
71,123
71,578
72,034
72,415
73,034

13,623
13,564
13,448
13,402
13,138
12,972
13,015
13,020
13,051
12,858
12,908
12,814

10,893
10,841
10,765
10,737
10,463
10,309
10,324
10,347
10,399
10,244
10,297
10,195

1,149
1,135
1,105
1,093
1,093
1,095
1,134
1,138
1,136
1,133
1,130
1,126

1,581
1,588
1,578
1,572
1,582
1,568
1,557
1,535
1,516
1,481
1,481
1,493

28,226
28,458
28,807
29,090
29,476
29,776
30,070
30,192
30,353
30,846
31,015
31,286

26,135
26,361
26,689
26,963
27,338
27,626
27,918
28,043
28,193
28,692
28,858
29,095

2,091
2,097
2,118
2,127
2,138
2,150
2,152
2,149
2,160
2,154
2,157
2,191

19,536
19,712
19,870
20,008
20,175
20,335
20,505
20,643
20,801
20,961
21,087
21,245

1,624
1,639
1,656
1,662
1,674
1,693
1,706
1,722
1,736
1,751
1,766
1,868

2,587
2,598
2,612
2,621
2,633
2,646
2,656
2,667
2,683
2,692
2,698
2,699

2,958
2,936
2,857
2,821
2,863
2,912
2,822
2,879
2,954
2,926
2,941
3,122

1953—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec.

73,621
73,943
74,295
74,686
75,063
75,403
75,855
76,244
76,612
77,121
77,552
78,201

12,990
12,974
12,760
12,796
12,673
12,586
12,559
12,566
12,529
12,526
12,496
12,452

10,329
10,287
10,063
10,089
10,082
10,030
9,991
9,994
9,930
9,913
9,830
9,767

1,150
1,160
1,178
1,189
1,188
1,195
1,212
1,219
1,237
1,247
1,270
1,278

1,511
1,527
1,519
1,518
1,403
1,361
1,356
1,353
1,362
1,366
1,396
1,407

31,562
31,748
32,113
32,342
32,602
32,891
33,117
33,219
33,482
33,756
33,965
34,265

29,343
29,514
29,875
30,087
30,332
30,622
30,847
30,949
31,187
31,454
31,650
31,926

2,219
2,234
2,238
2,255
2,270
2,269
2,270
2,270
2,295
2,302
2,315
2,339

21,396
21,547
21,725
21,897
22,055
22,221
22,429
22,552
22,698
22,842
23,017
23,275

1,880
1,887
1,897
1,918
1,924
1,935
1,943
1,967
1,972
1,990
2,000
1,994

2,718
2,727
2,742
2,756
2,770
2,789
2,808
2,819
2,831
2,851
2,873
2,894

3,075
3,060
3,058
2,977
3,039
2,981
2,999
3,121
3,100
3,156
3,201
3,321

1954—Jan..
Feb..
Mar.
May!
June.
July.
Aug..
Sept.,
Oct..
Nov.,
Dec.

78,866
79,248
79,637
80,095
80,522
80,952
81,473
81,921
82,364
82,852
83,358
84,068

12,635
12,663
12,583
12,588
12,616
12,460
12,388
12,364
12,261
12,179
12,159
12,199

9,779
9,781
9,661
9,635
9,539
9,343
9,189
9,171
9,086
9,024
8,936
9,021

1,389
1,407
1,446
1,481
1,598
1,641
1,737
1,754
1,777
1,806
1,871
1,833

1,467
1,475
1,476
1,472
1,479
1,476
1,462
1,439
1,398
1,349
1,352
1,345

34,475
34,651
34,886
35,052
35,207
35,517
35,777
35,927
36,161
36,414
36,514
36,695

32,102
32,265
32,468
32,595
32,707
32,984
33,203
33,327
33,550
33,813
33,873
33,985

2,373
2,386
2,418
2,457
2,500
2,533
2,574
2,600
2,611
2,601
2,641
2,710

23,435
23,572
23,769
24,004
24,174
24,384
24,572
24,795
25,035
25,260
25,574
25,928

2,038
2,052
2,065
2,085
2,101
2,128
2,147
2,176
2,205
2,241
2,260
2,275

2,906
2,919
2,947
2,966
2,983
3,002
3,019
3,036
3,049
3,061
3,075
3,087

3,377
3,391
3,387
3,400
3,441
3,461
3,570
3,623
3,653
3,697
3,776
3,884

1955_jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.

84,868
85,262
85,632
86,065
86,519
86,970
87,638
88,087
88,529
89,016
89,495
90,267

12,506
12,479
12,315
12,330
12,261
12,239
12,292
12,369
12,325
12,236
12,096
11,757

9,230
9,239
9,091
9,105
9,058
9,046
9,096
9,180
9,129
9,027
8,891
8,545

1,937
1,974
1,964
1,965
1,956
1,957
1,979
1,979
1,983
1,990
1,987
1,998

1,339
1,266
1,260
1,260
1,247
1,236
1,217
1,210
1,213
1,219
1,218
1,214

36,862
36,933
37,222
37,363
37,534
37,677
37,927
37,919
38,124
38,386
38,544
38,851

34,108
34,172
34,449
34,570
34,746
34,848
35,058
35,046
35,253
35,506
35,646
35,930

2,754
2,761
2,773
2,793
2,788
2,829
2,869
2,873
2,871
2,880
2,898
2,921

26,208
26,458
26,727
26,949
27,217
27,484
27,748
28,001
28,250
28,563
28,867
29,425

2,315
2,344
2,366
2,382
2,406
2,422
2,453
2,473
2,491
2,505
2,523
2,557

3,125
3,141
3,159
3,177
3,190
3,207
3,230
3,245
3,260
3,271
3,284
3,294

3,852
3,907
3,843
3,864
3,911
3,941
3,988
4,080
4,079
4,055
4,181
4,383

1956—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.

90,884
91,261
91,572
92,032
92,486
92,883
93,589
94,000
94,419
94,882
95,287
95,844

11,749
11,607
11,414
11,439
11,333
11,277
11,289
11,207
11,246
11,299
11,212
10,989

8,393
8,236
8,045
8,085
7,986
7,920
7,884
7,775
7,799
7,846
7,745
7,519

2,123
2,143
2,153
2,153
2,139
2,147
2,191
2,207
2,212
2,216
2,228
2,234

1,233
1,228
1,216
1,201
1,208
1,210
1,214
1,225
1,235
1,237
1,239
1,236

39,144
39,381
39,568
39,701
39,857
39,965
40,297
40,438
40,520
40,630
40,739
,40,976

36,217
36,432
36,591
36,724
36,882
37,000
37,304
37,440
37,554
37,670
37,770
38,067

2,927
2,949
2,977
2,977
2,975
2,965
2,993
2,998
2,966
2,960
2,969
2,909

29,798
30,102
30,382
30,651
30,991
31,284
31,613
31,895
32,110
32,399
32,706
32,994

2,568
2,590
2,608
2,623
2,645
2,672
2,712
2,726
2,746
2,779
2,815
2,829

3,308
3,325
3,345
3,365
3,385
3,409
3,400
3,420
3,440
3,461
3,483
3,505

4,317
4,256
4,255
4,253
4,275
4,276
4,278
4,314
4,357
4,314
4,332
4,551

1957—Jan..
Feb..
Mar..
Apr..
May.
June.
July.
Aug..
Sept..
Oct..
Nov..
Dec.

96,536
96,987
97,344
97,771
98,190
98,582
99,166
99,550
100,017
100,446
100,840
101,309

11,124
11,104
11,004
11,028
10,989
10,928
10,963
10,943
10,909
10,937
10,871
10,691

7,619
7,586
7,477
7,488
7,409
7,347
7,352
7,320
7,288
7,301
7,209
7,028

2,265
2,265
2,274
2,284
2,310
2,312
2,326
2,337
2,344
2,357
2,367
2,377

1,240
1,253
1,253
1,256
1,270
1,269
1,285
1,286
1,277
1,279
1,295
1,286

41,297
41,494
41,716
41,917
42,112
42,308
42,636
42,821
43,021
43,266
43,474
43,750

38,324
38,509
38,721
38,912
39,098
39,296
39,632
39,791
39,999
40,233
40,432
40,737

2,973
2,985
2,995
3,005
3,014
3,012
3,004
3,030
3,022
3,033
3,042
3,013

33,316
33,521
33,718
33,890
34,076
34,220
34,383
34,578
34,732
34,902
35,034
35,271

2,828
2,852
2,868
2,889
2,929
2,963
2,994
3,021
3,047
3,072
3,098
3,120

3,545
3,569
3,598
3,627
3,657
3,681
3,707
3,735
3,769
3,807
3,839
3,872

4,426
4,447
4,440
4,420
4,427
4,482
4,483
4,452
4,539
4,462
4,524
4,605




180

28.

LIFE INSURANCE COMPANIES: ASSETS AND LIABILITIES, 1945-63 — Continued
[Book value, in millions of dollars]
Business securities

Government securities
End of month

Total
assets

Total

United
States

State
and local

Foreign

Total

Bonds

Stocks

Mortgages

Real
estate

Policy
loans

Other
assets

1958—Jan..
Feb.
Mar.
Apr.
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec,

101,967
102,325
102,734
103,114
103,578
104,084
104,666
105,151
105,604
106,191
106,667
107,580

10,921
10,960
10,862
10,909
10,887
10,970
11,157
11,240
11,263
11,296
11,344
11,242

7,194
7,210
7,086
7,100
7,029
7,074
7,246
7,290
7,294
7,305
7,324
7,182

2,427
2,439
2,463
2,477
2,506
2,540
2,564
2,601
2,621
2,647
2,679
2,691

1,300
1,311
1,313
1,332
1,352
1,356
1,347
1,349
1,348
1,344
1,341
1,369

43,984
44,147
44,416
44,638
44,818
45,037
45,258
45,411
45,635
45,956
46,099
46,420

40,956
41,070
41,303
41,515
41,682
41,859
42,075
42,238
42,415
42,738
42,874
43,044

3,028
3,077
3,113
3,123
3,136
3,178
3,183
3,173
3,220
3,218
3,225
3,376

35,447
35,584
35,726
35,841
35,959
36,061
36,189
36,328
36,470
36,656
36,801
37,092

3,152
3,171
3,196
3,227
3,249
3,286
3,313
3,365
3,393
3,406
3,429
3,387

3,906
3,938
3,972
4,005
4,032
4,059
4,080
4,102
4,124
4,148
4,164
4,186

4,557
4,525
4,562
4,494
4,633
4,671
4,669
4,705
4,719
4,729
4,830
5,253

1959—Jan..
Feb.
Mar.
Apr.,
May
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.

11,580
11,565
11,458
11,544
11,629
11,671
11,843
11,975
11,817
11,826
11,725
11,599
11,788
11,817
11,707
11,653
11,624
11,542
11,625
11,643
11,726
11,704
11,760
11,699

7,461
7,392
7,209
7,228
7,213
7,223
7,262
7,357
7,176
7,158
7,026
6,858
7,029
6,984
6,821
6,735
6,672
6,570
6,622
6,577
6,575
6,513
6,531
6,428

2,730
2,768
2,839
2,890
2,972
3,006
3,116
3,147
3,165
3,179
3,197
3,221
3,231
3,267
3,304
3,329
3,358
3,377
3,401
3,447
3,529
3,562
3,588
3,606

1,389
1,405
1,410
1,426
1,444
1,442
1,465
1,471
1,476
1,489
1,502
1,520
1,528
1,566
1,582
1,589
1,594
1,595
1,602
1,619
1,622
1,629
1,641
1,665

46,607
46,834
47,078
47,349
47,539
47,779
47,981
48,061
48,176
48,390
48,595
48,840
48,979
49,097
49,220
49,365
49,622
49,834
50,066
50,270
50,341
50,646
50,847
51,053

43,225
43,432
43,642
43,891
44,062
44,281
44,444
44,516
44,624
44,816
44,988
45,157
45,283
45,381
45,520
45,650
45,870
46,030
46,215
46,364
46,428
46,675
46,838
46,967

3,382
3,402
3,436
3,458
3,477
3,498
3,537
3,545
3,552
3,574
3,607
3,683
3,696
3,716
3,700
3,715
3,752
3,804
3,851
3,906
3,913
3,971
4,009
4,086

37,230
37,356
37,493
37,603
37,729
37,885
38,079
38,246
38,453
38,698
38,933
39,237
39,519
39,710
39,946
40,164
40,373
40,560
40,713
40,940
41,119
41,336
41,533
41,815

3,404
3,425
3,459
3,481
3,506
3,531
3,574
3,603
3,621
3,626
3,666
3,678
3,697
3,708
3,722
3,731
3,773
3,795
3,804
3,819
3,825
3,832
3,846
3,796

4,213
4,240
4,272
4,305
4,334
4,367
4,398
4,434
4,475
4,524
4,569
4,620
4,666
4,723
4,788
4,850
4,908
4,968
5,013
5,069
5,114
5,155
5,195
5,233

5,169
5,224
5,210
5,210
5,230
5,223
5,239
5,295
5,267
5,300
5,371
5,676

June,
July.
Aug.
Sept.
Oct..
Nov.
Dec.

108,203
108,644
108,970
109,492
109,967
110,456
111,114
111,614
111,809
112,364
112,859
113,650
114,300
114,727
115,004
115,418
115,902
116,365
116,947
117,477
117,847
118,427
118,923
119,576

5,651
5,672
5,621
5,655
5,602
5,666
5,726
5,736
5,722
5,754
5,742
5,980

1961—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

120,429
120,913
121,443
122,039
122,589
122,998
123,642
124,170
124,691
125,356
126,007
126,816

11,911
11,979
12,017
12,025
12,087
11,982
12,073
12,117
12,105
12,138
12,161

jl,915

6,553
6,551
6,544
6,501
6,521
6,409
6,479
6,479
6,428
6,442
6,396
6,135

3,655
3,682
3,710
3,744
3,745
3,744
3,765
3,795
3,822
3,835
3,879
3,902

1,703
1,746
1,763
1,780
1,821
1,829
1,829
1,843
1,855
1,861
1,886
1,878

51,331
51,466
51,629
51,870
52,039
52,310
52,618
52,826
53,033
53,318
53,548
53,967

47,182
47,255
47,334
47,556
47,638
47,902
48,178
48,356
48,510
48,745
48,921
49,149

4,149
4,211
4,295
4,314
4,401
4,408
4,440
4,470
4,523
4,573
4,627
4,818

42,001
42,142
42,365
42,627
42,800
42,987
43,096
43,263
43,427
43,631
43,868
44,250

3,856
3,863
3,865
3,867
3,875
3,893
3,912
3,943
3,956
3,974
3,990
4,011

5,272
5,311
5,375
5,437
5,482
5,525
5,558
5,597
5,636
5,670
5,701
5,735

6,058
6,152
6,192
6,213
6,306
6,301
6,385
6,424
6,534
6,625
6,739
6,938

1962—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

127,553
127,995
128,351
128,808
129,168
129,377
130,058
130,661
131,134
131,813
132,584
133,291

12,170
12,218
12,271
12,360
12,349
12,263
12,397
12,435
12,425
12,582
12,694
12,469

6,358
6,383
6,307
6,398
6,374
6,279
6,400
6,379
6,331
6,359
6,395
6,171

3,931
3,934
4,051
4,036
4,024
4,036
4,047
4,072
4,084
4,063
4,046
4,037

1,881
1,901
1,913
1,926
1,951
1,948
1,950
1,984
2,010
2,160
2,253
2,261

54,318
54,535
54,719
54,976
55,299
55,462
55,715
55,941
56,171
56,371
56,511
56,565

49,479
49,653
49,811
50,034
50,304
50,483
50,717
50,921
51,110
51,264
51,370
51,389

4,839
4,882
4,908
4,942
4,995
4,979
4,998
5,020
5,061
5,107
5,141
5,176

44,399
44,513
44,656
44,775
44,972
45,170
45,309
45,546
45,724
46,020
46,352
46,957

4,018
4,032
4,036
4,056
4,071
4,089
4,095
4,103
4,108
4,119
4,128
4,114

5,784
5,808
5,850
5,895
5,942
5,996
6,040
6,086
6,125
6,166
6,204
6,235

6,864
6,889
6,819
6,746
6,535
6,397
6,502
6,550
6,581
6,555
6,695
6,951

1963—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.,
Sept.
Oct..
Nov.
Dec.

134,212
134,683
135,151
135,780
136,396
136,864
137,603
138,314
138,878
139,596
140,215
.141,121

12,817
12,940
12,757
12,728
12,561
12,448
12,550
12,558
12,548
12,559
12,518
12,464

6,304
6,233
6,022
6,003
5,840
5,746
5,836
5,817
5,841
5,865
5,837
5,813

4,068
4,059
4,041
4,014
3,972
3,952
3,951
3,931
3,890
3,887
3,880
3,868

2,445
2,648
2,694
2,711
2,749
2,750
2,763
2,810
2,817
2,807
2,801
2,783

56,844
56,966
57,275
57,554
57,928
58,168
58,486
58,688
58,848
59,157
59,527
59,434

51,613
51,711
51,953
52,202
52,572
52,744
53,043
53,197
53,302
53,613
53,964
53,770

5,231
5,255
5,322
5,352
5,356
5,424
5,443
5,491
5,546
5,544
5,563
5,664

47,172
47,311
47,581
47,866
48,113
48,367
48,672
48,980
49,260
49,570
49,854
50,596

4,148
4,164
4,171
4,193
4,203
4,232
4,254
4,303
4,321
4,333
4,343
4,325

6,271
6,306
6,349
6,396
6,433
6,474
6,507
6,538
6,569
6,598
6,622
6,656

6,960
6,996
7,018
7,043
7,158
7,175
7,134
7,247
7,332
7,379
7,351
7,646

I960—Jan..
Feb.,
Mar.

Mly,




181

29. ASSETS OF ALL PUBLIC AND PRIVATE PENSION FUNDS, 1950-63
[Book value, end of year; in billions of dollars]
Type of fund

1950

1951

1952

1953

1954

1955

1956

1957

1958

1959

1960

1961

1962

1963

5.6
5.8
.7

6.6
7.2
.8

7.7
8.8
.9

8.8
10.7
. 1.0

10.0
12.7
1.1

11.3
14.9
1.3

12.5
17.4
1.5

14.1
20.3
1.8

15.6
23.2
2.0

17.6
26.7
2.4

18.8
30.3
2.8

20.2
34.3
3.2

21.6
38.2
3.7

23.3
42.4
4.1

Total private funds

12.0

14.5

17.3

20.4

23.7

27.4

31.4

36.1

40.9

46.6

52.0

57.8

63.5

69.9

Government
Railroad retirement...
Civil service^
State and local
Federal OASI
Federal disability insurance

2.6
4.2
5.3
13.7

2.7
4.8
6.1
15.5

3.0
5.4
7.0
17.4

3.3
5.7
8.0
18.7

3.4
6.0
9.2
20.6

3.5
6.5
10.5
21.7

3.6
7.3
11.9
22.5

3.6
7.8
13.4
22.4
.6

3.6
8.7
15.2
21.9
1.4

3.7
9.6
17.1
20.1
1.8

3.7
10.5
19.3
20.3
2.3

3.7
11.5
21.7
19.7
2.4

3.7
12.6
24.2
18.3
2.4

3.8
13.6
27.0
18.5
2.2

Private
Insured pension reserves
Noninsured corporate pension
Other noninsured funds 1

Total government funds

25.8

29.1

32.8

35.7

39.2

42.2

45.3

47.9

50.8

52.4

56.2

59.1

61.2

65.1

Total

37.8

43.6

50.2

56.2

62.9

69.6

76.7

84.0

91.6

99.0

108.2

116.9

124.7

135.0

1
Includes reserves of multi-employer funds, nonprofit organizations, and union-administered plans.
2
Includes foreign service retirement and disability fund.
SOURCES.—Securities and Exchange Commission, on basis of data from Institute of Life Insurance, U.S. Treasury Department, and Social Security Administration.

30. ASSETS OF NONINSURED CORPORATE PENSION FUNDS, 1951-63
[In millions of dollars]
Type of asset

1951

1952

1953

1954

1955

1956

1957

1959

1958

1960

1961

1962

1963

585
2,426
18,054
893
17,161
627
17,122
1,335
15,787

A. Book value, end of year
Cash and deposits
U.S. Government securities
Corporate bonds
Own company
Other companies
Preferred stock
Common stock
Own company
Other companies
Mortgages

297
2,258
3,214

273
2,257
4,255

324
2,397
5,325

309
2,384
6,539

358
2,651
7,434

382
2,120
10,741
642
10,100
642
5,087
589
4,498
402

397
2,070
12,143
638
11,506
689
6,456
652
5,804
511

419
2,257
13,262
676
12,586
696
8,228
783
7,445
710

431
2,142
14,687
740
13,947
696
10,161
886
9,275
921

517
2,174
15,719
758
14,961
682
12,624
1,039
11,585
1,103

542
2,354
16,718
857
15,861
667
14,901
1,184
13,717
1,376

l
l

l
i

l
l

1
1

1
1

289
885
246
639

349
1,296
297
999

417
1,762
342
1,420

476
2,436
383
2,054

534
3,158
435
2,723
203

345
2,400
8,964
598
8,366
597
4,031
509
3,522
303

1248

1326

1447

1550
550

789

895

967

1,096

1,305

1,483

1,675

14,889

17,429

20,268

23,234

26,667

30,343

34,302

38,233

Other assets
Total assets

7,191

8,757

10,671

12,694

1,638
1,975
42,427

B. Market value, end of year
Cash and deposits
U.S. Government securities
Corporate bonds
Own company
Other companies
Preferred stock
Common stock
Own company
Other companies
Mortgages
Other assets
Total assets

547
5,119
934
4,185
203
550

345
2,294
8,141
522
7,619
549
6,051
868
5,183
302
789

382
2,071
10,139
596
9,542
576
6,451
865
5,586
401
893

397
1,968
11,236
553
10,683
639
10,241
1,303
8,938
512
969

419
2,103
11,794
558
11,236
627
13,096
1,758
11,338
708
1,094

431
2,122
13,687
651
13,036
638
14,967
2,039
12,929
924
1,304

517
2,134
14,815
667
14,148
649
20,910
3,016
17,894
1,107
1,497

542
2,341
16,171
795
15,377
649
20,036
2,564
17,472
1,389
1,693

585
2,389
17,327
809
16,518
622
25,481
3,124
22,357
1,654
2,009

16,670

18,470

20,913

25,962

29,841

34,073

41,629

42,821

50,068

358
2,603
7,289
1
1

1 Not available separately.
SOURCE.—Securities and Exchange Commission.




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