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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 408
J u l y 1, 1936

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

1936
June
P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 to 6
Bankers' acceptances ( p r i n e , 90
Tine l o a n s (Stock Exchange, 90
Average r a t e on Stock-exchange c a l l
loans:
Neu.
Renewal
Average y i e l d on U n i t e d S t a t e s
obligations:
Treasury " b i l l s , 273-days l / .
Treasury n o t e s , 3~5 yeai's
(6 i s s u e s ) .
Treasury bonds (11 i s s u e s ) ,
1J

May

April

June

3/4

3A

3/4

3/4

l/s

1/8

1/8

1/8
1/4

1 1/4

1 - 1 iA

1

1.00
1.00

.93
.93

. .75
.75

.25

.23

.18

.10

.13

1.12
2.50

1.09
2.50

1.10
•2.51

l.l4

Average r a t e of discount on i s s u e s o f f e r e d w i t h i n month.




1935

• 25

2.61