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BOARD OF GOVERNORS
OP THE
FEDERAL RESERVE SYSTEM
R&S
MR
562
December 6, 1938

OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Percent per annum)
Week ending Saturday
Dec. 3
1936

Nov. 26
1938

Nov. 5
1938

5/8
7/16

5/8
7/16
1 1/4

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

1.00
1.00

1.00
1.00

1.00
1.00

1.00

.04

,11
.13
1.31

Prevailing rate on:
Commercial paper (prime, 4 to 6 months)••
Bankers1 acceptances (prime, 90 days)#...
Tine loans (Stock Exchange, 90 days)
Rate on Stock-exchange call loans: l/
New.
Renewal.............................

1

1/4

Average yield on United States obligations:
Treasury bills
91 days l/ (dealers ' quotation)
New issue
Treasury not*es, 3-5 years l/
Treasury bonds, 12 years and over l/ 3/..

.04

.04

2.51

.72
2.51

.69
; .48

Average yield on corporate bonds: 4/
Aaa . •
Baa

3,10
5.24

3.10
5.23

3.12
5.28

2/...................

.02

.02

.02

Dec . 4
1937
1
7/l 6
1 1/4

1.00

2.68
3.24
5.90

l/ Averages of daily figures.
IT/ Rates shown for 1938 are on 91-day bills; that for 1937 is on tax-date bills
maturing about March 16, 1938.
3/ New series; for back figures, see Federal Reserve Bulletin for December, p. 1045.
% / Averages of daily figures, week ending Friday.