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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 508
February 1, 1938
OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Percent per annum)
Week ending Saturday
Jan* 22
1938

1
7/16
1 1/4

1
7/16
11/4

1
7/16
1 1/4

3/4
iA
1 1/4

1+00
1*00

1.00

1+00

1.00

.10

.10
.10

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: if
New, . .
e
ee
e
Renewal

e.

1+00

Jan. 1
1938

1.00

Average yield on United States obligations;
Treasury bills
91 days l/ (dealers' quotation)
New issue 2/+ ..............k............
Treasury notes, 3-5 years (5-6 issues) l/i
Treasury bonds (11-12 issues) ]/+•..••••••

*08
1.14
2.47

1.09
2.44

.07
1.23
2.51

Average yield on corporate bonds: Z/
Aa a
.
B
a
a
;
,
i
^

3,24
6.41

3.18
6.15

6.02

•.
.

l/ Averages of daily figures.
*3/ Rates shown for January 1938 are on 91-day bills*
273-day bills.
3/ Averages of daily figwos, wo ok ending Friday.




Jan. 30
1937

Jan. 29
1938

.11

3.21

1.00

.22

.40

1.20
2.31

3.13
4.52

that for January 1937 is on