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BOARD OP GOVERNORS
OF T HE
FEDERAL RESERVE SYSTEM
R&S
MR 564
December 21, 1938

OPEN-MARKET MONEY RATES IN NEW YORK CITY

(Percent per annum)
Week ending Saturday

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: l/
New......................................
Renewal

Dec . 17
1938

Dec • 10
1938

Nov. 19
1938

Dec. 18
1937

5/8
7/16
1 1/4

5/8
7/16
1 1/4

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

1
7/16
1 1/4

1.00

1.00

1,00

1.00
1.00

.11

1.00

1.00

1.00

Average yield on United States obligations:
Treasury bills
91 days l/ (dealers1 quotation)
New issue 2/
.
Treasury notes, 3-5 years l/.
Treasury bonds, 12 years and over l/ 3/..

.03

.03

.69
2.48

.65
2.48

.04
.03
.73
2.50

Average yield on corporate bonds; 4/
Aaa
B
a
a
.

3.09
5.29

3.09
5.28

3.09
5.20

l/ Averages of
TT/ Rates shown
3/ New series;
% / Averages of




.01

.01

.10

1.28
2.68
3.22
5.69

daily figures.
are on 91-day bills.
for back figures, see Federal Reserve Bulletin for December, p. 1045.
daily figures, week ending Friday.