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BOAIiD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 511
February 15, 1938

OPEN-MARKET MONEY RATES IK NEW YORK CITY
(Porccnt per annum)
Week ending Saturday
Feb. 12
1938
Prevailing rato on:
Commercial papor (prime, 4 to 6 months),..
Bankers' acceptances (prime, 90 days),..,.
Time loans (Stock Exchange, 90 days)......

1
9/16
1 1/4

Fob. 5
1938

Jan. 15
1938

1
7/16
1 1/4

1
7/16
1 1/4

Rate on Stock-exchange call loans: if
New. •.....................................
Renewal

1,00

1.00

1.00

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 (5-6 issues) ]/.
Treasury bonds (11-12 issues) l/..........

.08
.08

.07

1.13
2.47

1.12

.11
.11
1.12

Average yield on corporate bonds: Zf
A a a . . . . • . . . . . . . . . . . . . .
Baa.....................................

3,24
6.38

3.26
6.45

3.18
5.99

.08

2.47

2.47

2/ Averages of daily figures.
2/ Rates shown for January and February 1938 are on 91-day bills $ that for February
1937 is on 273-day bills.
3/ Averages of daily figures, week ending Friday.