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BOARD OF GOVERNORS
OP TliE
FEDERAL RESERVE SYSTEM
R&S m
519
April 5, 1938
MONEY RATES
(Percent per annum)
1938
Mar.

Feb.

Jan.

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

1
7/16
1 1/4

1
7/16
1 1/4

1.00
1.00

1.00
1.00

1.00

.08

.08

.10
.10

OPEII-MARKET RATES IN TO YORK CITY
Prevailing rate on:
Commercial paper (prime, 4 to 6 months).
Bankers' acceptances (prime, 90 days)...
Time loans (Stock Exchange, 90 days)....
Rate on Stock-exchange call loans: if
New.
Renewal...,.............................
Average yield on United States obligations
Treasury bills
91 days i f (dealersf quotation).......
New issue 2/
Treasury notes, 3-5 years i f .
Treasury bonds l / . . . . . . . . . . . . , ,
Average yield on corporate bonds: i f
Aaa
Baa

.07

1.00

2.45

.03
1.09
2.46

1.13
2.47

3.26
6.74

3.23
6.31

3.20
6.19

2.40
3.25
4.15

2.34
3.29
4.09

2.36
3.37
4.16

1.01

RATES CHARGED CUSTOMERS BY BANKS 3/
New York City.
Eight other northern and eastern cities...
Twenty-seven southern and western cities.,

i f Averages of daily figures,
Zf Rates shown for 1938 are on 91-day bills; that for March 1937 is on 273-day bills
3/ Weighted averages of prevailing rates.