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BOARD OF GOVERNORS
OP THE
FEDERAL RESERVE SYSTEM
565
R&S
MR
December 28, 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)..
Bankers1 acceptances (prime, 90 days)....
Time loans (Stock Exchange, 90 days).....
Rate on Stock-exchange call loans: l/
New.. .... ................... T.......
Renewal

Dec. 24
1938

Dec, 17
1938

Nov* 26
1938

Dec. 24
1937

5/8
7/16
I 1/4

5/6
7/16
1 1/4

5/8
7/16
1 1/4

1
7/16
1 1/4

1.00

1.00

1.00

1.00
1.00

1.00
1.00

.09

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 an"d over l/ 4/..

.02

.03

.04

2.49

.69
2.48

.72
2.51

Average yield on corporate bonds: 5/
Aaa
.7.
Baa

3.09
5.29

3.09
5.29

3.10
5.23

.01

.02

.10
1.26
2.68
3.20
5.65

l/ Averages of daily figures.
TT/ Rates shown are on 91-day bills #•
3 / Par except for a small amount at premium.
% / New series; for back figures, see Federal Reserve Bulletin for December, p. 1045.
"5/ Averages of daily "figures, week ending Friday.