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I..

BOARD OP GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&SMR509
F e b r u a r y 5, 1938
MONEY RATES
( P e r c e n t p e r annum)

1937

1938

Jan.

Dec.

Nov.

1
7/16
11/4

1
7/16
11/4

1
7/16
11/4

1.00
1,00

1.00
1.00

1.00
1.00

1.00
1.00

.10
.10
1.13
2,47

.15
.09
1,27
2.54

.15
.15
1.31
2.60

.22
.36
1.18
2.29

3.20
6.19

3.23
5.95

3.26
6.01

3,10
4.50

2.36
3*37
4.16

2.40
3.36
4.15

2.45
3,42
4.17

2,50
3.36
4,16

Jan.
OPEN-MARKET RATES IN NEW YORK CITY
P r e v a i l i n g r a t e on:
Commercial p a p e r ( p r i m e , 4 t o 6 m o n t h s ) . . .

3/4
3/l6*l/4
1 l/4

Rate on S t o c k - e x c h a n g e c a l l l o a n s s l /

Average y i e l d on U n i t e d S t a t e s o b l i g a t i o n s ;
Treasury b i l l s
Treasury n o t e s , 3-5 y e a r s (5-6 i s s u e s ) l / .
Average y i e l d on c o r p o r a t e b o n d s : i Z
Aaa
RATES CHARGED CUSTOMERS BY BANKS 3 /
E i g h t o t h e r n o r t h e r n and e a s t e r n c i t i e s . . . . .
Twenty-seven s o u t h e r n and w e s t e r n c i t i e s . . . .

l / Averages of d a i l y f i g u r e s ,
2 / R a t e s shown f o r J a n u a r y 1938 and Do comb or 1937 a r e on 91-day b i l l s 5 t h a t f o r
November 1937 i s on b i l l s m a t u r i n g on o r a b o u t March 16, 1938$ t h a t f o r J a n u a r y
1937 i s on 273-day b i l l s .
3 / Weighted a v e r a g e s of p r e v a i l i n g r a t e s ,