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BOARD OP GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
561
R&S
MR
December 2., 1938
MONEY RATES
(Percent per annum)
1937

1938
Nov.

Oct.,

Sept.

5/8
7/16
1 1/4

5/8-3/4
7/16
1 1/4

5/8-3/4
7/16
1 1/4

1.00
1.00

1.00

.04
.02
<71
2.30
2.50

.05

<6R
2,29
2.48

3.10
5.23

2.33
3.28
4,05

Nov.

OPEN-MARKET RATES IN NEW YORK CITY
Prevailing rate on:
Commercial paper (prime, 4 to 6 months)....,.
Bankers f acceptances (prime, 90 days).......
Rate on Stock-exchange call loans: l/

1
7/16
1 1/4

1.00
L.OO

1.00
1.00

.08
.10
2.40
2.58

.09
.15
1.31
2.60
2,71

3,15
5.36 .

3.21
5.65

3,24
5.82

2.29
3,37
4.06

2.25
3.30
4.07

2.45
3.42
4.17

1.00

Average yield on United States obligations:
Treasury bills
Treasury notes, 3-5 yenrs

#

,

#

,

Treasury bonds, 12 years and over 1/^/..,.,

.02

Average yield on corporate bonds: l/

RATES CHARGED OUSTOIvjZRS BY BANKS 5/

Eight other northern and eastern cities.......

l/ Averages of daily figures,
2/ Rates shovm for 1958 are on 91-day bills; that for November 1937 is on tax-date
bills maturing aboub March 16, 1930.
J)/ This series will be omitted hereafter from this release,
4/ New series, For back figures see Federal Reserve Bulletin for December, p. 1045.
5/ Weighted averages of prevailing rates.