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BOARD OF GOVERNORS
OF TEE
FEDERAL RESERVE SYSTEM
R&S MR 523
April 26,1938

OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Percent per annum)
Week ending Saturday
Apr* 23
1938

Apr 0 16
1938

Mar, 23
1938

Prevailing rate on:
Commercial paper (prime, 4 to 6 months)#..
Bankers1 acceptances (prime, 90 days).....
Time loans (Stock Exchange, 90 days)

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

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

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

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

1.00
1.00

1.00
1.00

1.00
1,00

1.00
1.00

Average yield on United States obligations:
Treasury bills
91 days l/ (dealers' quotation).........
New issue 2/
Treasury notes, 3-5 years l/.
Treasury bonds l/.
.*7.

.05
*04
,82
2.36

.13

.06
1.01

.08
1.01
2.46

,48
.72
1.54
2.73

Average yiold on corporate bonds: 3/
Aaa.
Baa...,................................

3.35
7.05

3.37
6.99

3.28
6.92

3.40
4,81

2.48

.09

Apr. 24
1937
1
9/16
1 1/4

l/ Averages of daily figures.
Rates shown for 1938 arc on 91-day bills; that for 1937 is on 273-day bills.
3/ Averages of daily figures, wook ending Friday.