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BOARD OF GOVERNORS
OP THE
FEDERAL RESERVE SYSTEM
R&S MR 506
January 18, 1938

OPEN-MARKET MONEY RATES IN NEW YORK CITY

(Percent per annum)
Week ending Saturday
Jan, 15
1938

Jan. 8
1938

Dec. 18
1937

Jan, 16
1937

Prevailing rate on:
Commercial paper (prime, 4 to 6 months)..
Bankers1 acceptances (prime, 90 days)*.,.
Time loans (Stock Exchange, 90 days)

1
7/16
1 1/4

1
7/16
1 1/4

1
7/16
1 1/4

Rate on Stock-exchange call loans: l/
New. ....
..
Renewal

1.00
1,00

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 Z/
Treasury notes, 3-5 years (5-6 issues) l/
Treasury bonds (11-12 issues) l/

.11
.11
1.12
2.47

.10,
.10 .
1.18
2.50

.18
,10
1.28
2,54

,22
,35
1,19
2,29

Average yield on corporate bonds: 3/
Aaa .
Baa.

3,18
5,99

3.19
6.07

3,24
5,92

3,08
4,48

3/4
3/16-1/4
1 1/4

l/ Averages of daily figures,
Zj Rates shown for January 1938 and December 18, 1937, are on 91-day bills; that
for January 1937 is on 273-day bills.
3/ Averages of daily figures, week ending Friday,