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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

R&S

m

Aug, 2,

604
1939

MONEY RATES
(Per cent per annum)
1939
June

May

OPEN-MARKET RATES IN NEW YORK CITY
P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 t o 6 m o n t h s ) . •
Bankers 1 a c c e p t a n c e s (prime, 90 d a y s ) , , - , ,
Time l o a n s (Stock Exchange, 90 d a y s ) , , . , ,
Rate on Stock-exchange c a l l l o a n s : l /
N e w * . . . . . . , « * . , , . . . .
Renewal •.

•.»

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

1.00
1.00

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

1.00
1.00

Average y i e l d on United S t a t e s o b l i g a t i o n s :
Treasury b i l l s (91 days)
Dealers' quotation l / »
t ••
New i s s u e * . . . . . . . .
Treasury n o t e s , 3-5 years l / . ,
Treasury bonds, 12 y e a r s and over l / , . . . . .

.39
2..13

,03
.006
.42
2.17

Average y i e l d on corporate bonds: l /
A a a e , . . . . . . . . • • • • , , . , . . . .
Baa......
....................

2.92
4«91

2.97
5.07

l / Averages of d a i l y f i g u r e s , .




.03

.006