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BOARD OF GOVERNORS
OP THE
FEDERAL RESERVE SYSTEM
R&S m GOO
J u l y 11, 1939

OPEN-MARKET MONEY RATES III NEW YORK CITY
(Per cent p e r annum)
Week ending Saturday
July 8
1939
P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 t o 6 months) *>• 1 / 2 - 5 / 8
Bankers 1 acceptances (prime, 90 d a y s ) . * . . .
7/16
Time loans (Stock Exchange, 90 d a y s ) , . .
11/4
Rate on Stock-exchange c a l l l o a n s : l /
New.:.-,..... . . . . . . . . . . . . . . . . . . . , , 7 * . . . . . .
Renewal........... .....#

1.00
1.00

July 1
1959

June 10
1939

July 9
1938

1/2-5/8
7/16
1 1/4

1/2.5/8
7/16
• 11/4

V4
7/l6
1 1/4

1.00

1.00

1.00
l'.oo

1.00
1.00

.03
.004
.36
2.09

.038
.69
2.53

2.93
4. 91

3.24
5.79

Average y i e l d on United S t a t e s o b l i g a t i o n s ;
Treasury b i l l s (91 days)
Dealers f q u o t a t i o n , l / , . .
Now i s s u o . . . . . . . . . . T . . . . . . . . . . . . . . . . . . .
Treasury n o t e s , 3 t o 5 years l / .
Treasury bonds, 12 y e a r s and over l / . . . . .

2.18

.03
.014
-.43
2.19

Average y i e l d on c o r p o r a t e bonds: 2 /
Aaa..............
........,.... .7........
Baa......
o... . o6
. o . •.

2,90
4,92

2.91
4.92

.03

.012
.47

l / Averages of d a i l y f i g u r e s .
Averages of d a i l y f i g u r e s , week ending F r i d a y .




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