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BOARD OF GOVERNORS
OF THE
FEDORA! RESERVE SYSTEM
R&S MR 537
J u l y 19, 1938

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

P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 t o 6 months).
Bankers 1 acceptances (prime, 90 d a y s ) . . »
Time loans (Stock Exchange, 90 d a y s ) . . . .
Rate on Stock-exchange c a l l l o a n s : l /
New, . . . . . . . . . . . . . .
Renewal

J u l y 16
1938

July 9
1938

June 18
1938

J u l y 17
1937

S/4
7/16
1 l/4

V4
7/16
1 1/4

3/4-1
7/16
11/4

1
7/16
1 1/4

1.00
1.00

1.00
1.00

1.00
1.00

1,00
1.00

.06

•06

.05

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 l / ( d e a l e r s 1 q u o t a t i o n ) . . . . . . .
New i s s u e £ / . . . . . . . . . . . . . . . . . . . . . . . . . .
Treasury n o t e s , 3-5 years l / \
Treasury bonds l /

.05
.69
2.34

.04
.69
2.35

2.32

.66

.30
.50
1.45

Average y i e l d on c o r p o r a t e bonds: 3 /
Aaa..................................
Baa.,...................................

6.28

3.30

3.31
6.36

3.32
7.14

3,26
4.95

.02

2.60

V Averages of d a i l y f i g u r e s .
Rates shown f o r 1938 a r e on 91-day b i l l s ; t h a t f o r 1937 i s on 273-day b i l l s .
1 t j Averages of d a i l y f i g u r e s , week ending F r i d a y ,