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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 586
.April 25, 1939

OPEN-MARKET MONEY RATES IN NEvY YORK CITY
(Percent per annum)
Week ending Saturday
Apr• 22
1939

Apr• 15
1939

Mar. 25
1939

Apr. 23
1938

Prevailing rate on:
Commercial paper (prime, 4 to 6 months)•
Bankersf acceptances (prime, 90 days)..#
Time loans (Stock Exchange, 90 days)....

1/2-5/8
7/16
1 1/4

1/2-5/8
7/16
1 1/4

1/2-5/8
7/16
1 1/4

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

Rate on Stock-exchange call loans: l/
New.,.........................
Renewal

1.00
1.00

Average yield on United States obligations
Treasury bills (91 days)
Dealers1 quotation l/.................
New issue
Treasury notes, 3-5 years l/............
Treasury bonds, 12 years and over l/.. •.
Average yield on corporate bonds: 3/
A a a . . . i
Baa .............

.
•. •

.03

1.00
1.00

1.00

1.00

.50
2.29

.03
.023
.51
2.32

2.34

2.58

3.03
5.17

3.04
5.22

3.00
4.92

3.30
6.48

.016

l/ Averages of daily figures.
7 / Rate negligible.
"5/ Averages of daily figures, week ending Friday,




1.00
1.00

.03

.05
.037

.82