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BOARD OF GOVERNORS
OF TEE
FEDERAL RESERVE SYSTEM
R&S MR 510
February 8, 1938

OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Percent p e r annum)
Week ending Saturday
Feb. 5
1938
P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 t o 6 m o n t h s ) , , .
Bankers 1 acceptances (prime, 90 d a y s ) . . . . ,
Time loans (Stock Exchange, 90 d a y s ) . , . , , ,

J a n . 29
1938

Jan. 8
1938

1
7/16
1 1/4

1
7/16
1 1/4

1
7/16
1 1/4

1,00

1.00
1.00

1.00
1.00

Average y i e l d on United S t a t e s o b l i g a t i o n s :
Treasury b i l l s
91 days l / ( d e a l e r s 1 q u o t a t i o n )
New i s s u e 2 / .
......
Treasury n o t e s , 3-5 years (5-6 i s s u e s ) i f .
Treasury bonds (11-12 i s s u e s ) i f ,

• 07
.08
1,12
2.47

.10
1.14
2.47

,10
.10
1.18

Average y i e l d on c o r p o r a t e bonds: o f
Aaa
Baa

3.26
6,45

3.24
6.41

Rate on Stock-exchange c a l l l o a n s : l /
New.
...
.......
Renewal
..

1.00

.08

2.50

3.19
6.07

i f Averages of d a i l y f i g u r e s .
%/ Rates shown f o r January and February 1938 a r e on 91-day b i l l s ; t h a t f o r February
1937 i s on 273-day b i l l s .
3f Averages of d a i l y f i g u r e s , week ending F r i d a y .