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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 532
June 14, 1938
OPEN-MARKET MONEY RATES IN HEW YORK CITY
( P e r c e n t p e r annum)
Week ending Saturday

P r e v a i l i n g r a t e on:
Commercial paper ( p r i m e , 4 t o 6 m o n t h s ) . .
Bankers 1 a c c e p t a n c e s (prime, 90 d a y s ) . # . .
Rate on Stook-erchange c a l l l o a n s : l /

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
Mew i,ssue 2 / . . . . a * . . * . # * * . # # . * * * . . # . . . .

June 11
1938

June 4
1938

May 14
1938

June 12
1937

3/4-1
7/16
1 1/4

3/4-1
7/16
11/4

3/4-1
7/16
11/4

1
1/2
1 1/4

1.00
1.00

1.00
1.00

1.00
1.00

1.00
1.00

.05
.03
.65
2.25

.05
.04
.67
2.27

.06
.03
.79
2.30

.36
.57
1.52
2.63

3.28
6.91

3.28
6.91

3.28
6.44

3.27
4.90

Average y i e l d on c o r p o r a t e b o n d s : 3 /

l / Averages of d a i l y f i g u r e s .
7 / 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 ,
7 / ' A v e r a g o s of d a i l y f i g u r e s , week ending F r i d a y .