Full text of G.13 Selected Interest Rates : January 4, 1938

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V*

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'
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R & S 503
January 4, 1938

OPEN-MARKET MONEY RATES IN NEW YORK CITY

(Percent per annum)
Week ending Saturday

Prevailing rate ont
Commercial paper (prime, 4 to 6 months)...
Bankers1 acceptances (prime, 90 days ).....
Time loans (Stock Ebcchange, 90 days)
.
Rate on Stock-exchange call loans: l/
New,
Renewal,,«.•».,,.
... ....,,,• .

Jan, 1
1938

Dec, 25
lb*>7

Dec, 4
1937

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

•11

.11

1,00

1.00

Average yield on United States obligations:
Treasury bills
91 days l/ (dealers1 q u o t a t i o n ) .
New issue ^/.......................
Treasury notes, 3-5 years (5-6 issues) l/.
Treasury bonds (11-12 issues) if
....

.07
1*23
2.51

1.26
2.52

. .16
. .13
1.31
2,56

Average yield on corporate bonds: V
Aaa.. •,
...,
,.. ..... .....
Baa.................................. ..

3,21
6.02

3,22
5.88

3.26
6,12

,10

V Averages of daily figures.
it/ Rates shown for January 1938 and December 25, 1937 are on 91-day bills > thr.t :
December 4, 1937 is on 101-day bills; that for January 1937 is on 273-day bilV
Z/ Averages of daily figures, wo ok ending Friday,




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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

4 #
R&SMR504
January 4, 1938

MONEY RATES
(Percent per annum)

1936

1937
Dec.

Nov.

Oct.

Dec*

OPEN-MARKET RATES IN NEW YORK CITY
Prevailing rate on:
Commercial paper (prime, 4 to 6 months),,.
Bankers' acceptances (prime, 90 days),,,,,
Rate on Stock-exchange call loans: l/

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

1
7/16
1 1/4

1
7/16

11/4

1
7/16
1 1/4

3/4
3/16
1 1/4

1,00
1.00

1.00
1.00

1,00
1,00

1.00
1.00

.15
.09
1.27
2,54

r.15
,15
1.31
2,60

*26
.41
1.42
2.65

.12
.10
1.04
2,27

3,23
5,95

3,26
6,01

3.29
5,67

3.10
4.53

2,40
3.36
4.15

2.45
3.42
4,17

2,38
3,37
4,16

2,43
3,46
4,14

RATES CHARGED CUSTOMERS BY BANKS 3/
Eight other northern and eastern cities.,.,.
Twenty-seven southern and western cities...,

r Revised,
l/ Averages of daily figures,
Zf Rate shown, for December is on 91-day bills; that for November 1937 is on bills
maturing on or about March 16, 1938; previous rates are on 273-day bills,
3/ Weighted averages of prevailing rates.