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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 542
August 16, 1938

OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Percent p e r annum)
Week ending Saturday

P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 t o 6 months),
Bankers' acceptances (prime, 90 d a y s ) . , .
Time loans (Stock Exchange, 90 d a y s ) . . . .
Rate on Stock-exchange c a l l l o a n s : l /

Average y i e l d on United S t a t e s obligations:
Treasury b i l l s

Average y i e l d on c o r p o r a t e bonds; 3 /
Aaa
Baa,...,,

Aug, 13
1938

Aug . 6
1938

J u l y 16
1938

Aug. 14
1937

3/4
7/16
1 1/4

V4
7/16
1 1/4

V4
7/16
1 1/4

1
7/16
1 1/4

1.00
1.00

1.00
1.00

1.00
1.0.0,

1.00
1.00

.06
.05
.70
2.32

.07
.04
.70
2.33

.06
.05
.69
2.34

.25
.46
1.39
2.55

3.18
5.47

3.18
5,46

3.23
5.70

3.21.
4.92

l / Averages of d a i l y f i g u r e s .
2^/ Rates shown, f o r 1958 a r c on 91-day " b i l l s ; t h a t f o r 1937 i s on 273-day b i l l s ,
3 / Averages of d a i l y f i g u r e s , week ending F r i d a y , S e r i e s r e v i s e d beginning
January 1937.