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• •
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 598
J u l y 5, 1939

OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Per cent per annum)
Week ending Saturday
July 1
1939

June 24
1939

June 3
1939

July 2
1938

P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 t o 6 months)*,.
Bankers f acceptances (prime, 90 d a y s ) , * . * .
Time loans (Stock Exchange, 90 days)

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

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

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

3/4
7/l6
1 l/4

Rate on Stock-exchange c a l l l o a n s : l /
New* * . . . . . . . . .
Renewal, * , . . . . . . . . . . . . . . . . . . . . . . . . * .

1.00

1.00,
1.00

1.00
1.00

1.00

1*00

1.00

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 * q u o t a t i o n l / .
New i s s u e • • • • • . . < . . 7
* *.
Treasury n o t e s , 3 t o 5 years i f *
Treasury bonds, 12 years and over l / . . . . . .

.03
.014
.43
2.19

2.16

2.10 ,

2.54

Average y i e l d on c o r p o r a t e bonds: 2 /
Aaa.....
Baa,..«.«,.*«... *
4
.
•
.
.

2.91
4.92

2.92
4.90

2 .95 ,
4.96,

3,27
5.98

.

l / Averages of d a i l y f i g u r e s .
I T / Averages of d a i l y f i g u r e s , we ok ending F r i d a y .




.03
.005
.39

.03 ,
.004
.37

.04
.023

.68