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• *
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 507
January 25, 1938
OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Percent per annum)

Week ending Saturday

Prevailing rate on;
Commercial paper (prime, 4 to 6 months),,
Bankers1 acceptances (prime, 90 days), •,.
Rate on Stock-exchange call loans: l/

Jan. 22
1938

Jan, 15
1938

Dec. 25
1937

Jan.23
1937

1
7/16
1 1/4

1
7/16
1 1/4

1
7/16
1 1/4

3/4
1/4
1 1/4

1,00
1.00

1.00
1.00

1.00
1.00

1.00
1.00

.11
.10
1.09
2.44

• 11
.11
1.12
2.47

.11
.10
1,26
2.52

.22
.36
1.19
2.30

3.18
6.15

3.18
5,99

3,22
5,88

3.08
4.47

Average yield on United States obligations:
Treasury bills:
Treasury notes, 3-5 years (5-6 issues)JL/,
Treasury bonds (11-12 issues) l/
Average yield on corporate bonds; 3/,
Baa

V
Averages of daily figures.
Id/ Rates shown for January 1938 and December 25, 1937, are on 91-day bills;
that for January 1937 is on 273-day bills.
3^/ Averages of daily figures, week ending Friday,