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BOARD OP GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 597
June 28, 1939

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

Prevailing rate on;
Commercial paper (prime, 4 to 6 months)...

Rate on Stock-exchange call loans: l/

June 24
1939

June 17
1939

May 27
1939

June 25
1938

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/l 6
1 1/4

1.00
1.00

1.00
1.00

1.00
1.00

1.00
1.00

.03
.005
.39
2.16

*03
.003
.39
2.15

.03
.004
.40
2.13

.04
.011
.68
2.53

2.92
4.90

2.93
4.89

2.96
5.05

3.29
6.31

Average yield on United States obligations:
Treasury bills (91 days)

Average yield on corporate bonds: 2/

l/ Averages of daily figures,
7/ Averages of daily figures, week ending Friday.