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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 570
January 25, 1939

OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Percent per annum)

Week ending Saturday

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

Jan. 21
1939

J an # 1 4
1939

Dec • 24
1938

Jan. 22
1938

1/2-5/8
7/lG
1 1/4

1/2-5/8

5/8
7/16
1 1/4

1
7/16
1 1/4

7/l 6
1.1/4

Rate on Stock-exchange call loans: l/
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 l/.............
Treasury bonds, 12 years and over l/,,,.,

.05
,01
.63
2.45

.03

,02

&
2,47

.10
.10

2.49

1.09
2.63

3,00
5,08

3.01
5.11

3.09
5,29

3.16
5,85

1.00

f&9

1,00

Average yield on corporate bonds: 5/

Aaa
B

l/
Z/
ly
4/
Ty

.7........

a

a

.

.

.

Averages of daily figures,
Rates shown are on 91-day bills.
Part of issue sold on negative yield basis and remainder at no yield,
Less than 0.005 percent*
Averages of daily figures, week ending Friday.