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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

R&S MR 522
April 19, 1938

OPEN-MARKET MONEY RATES IN NEW YORK CITY

(Percent per annum)
Week ending Saturday
Apr, 16
1938
Prevailing rate on:
Commercial paper (prime, 4 to 6 months)..
Bankers1 acceptances (prime, 90 days),.,.
Time loans (Stock Exchange, 90 days),.,..

Apr, 9
1938

Mar * 19
1938

Apr. 17
1937

3/4-1
7/16
1 1/4

3/4-1
7/16
1 1/4

3/4-1
7/16
1 1/4

1
9/16
1 1/4

1.00
1.00

1.00

1.00

1.00
1.00

.13

.07
.07
1.03
2.46

.60

2.48

.14
.15
1.07
2.51

Average yield on corporate bonds: 3/
Aaa.......... . ........... . . . ............. 3.37
6.99
Baa,. ........,... .....,........«.......

3.37
7.17

3.25
6.72

Rate on Stock-exchange call loans: l/
New,
......
Renewal
Average yield on United States obligations:
Treasury bills
91 days l/ (dealers1 quotation)
New issue 2/.•»........................
Treasury notes, 3-5 years l/.............
Treasury bonds l/

.06

1.01

1.00

1.00

.70

1.60
2.72

3.44
4.88

l/ Averages of daily figures.
1 5 / Rates shown for 1938 are on 91-day bills5 that for 1937 is on 273-day bills.
2/ Averages of daily figures, week ending Friday.