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BOARD OP GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 516
March 15, 1938

OPEN-MARKET MOl^Y RATES IN NEP/; YORK CITY
(Percent per annum)
Yfeek ending Saturday
Mar. 12
1938
P r e v a i l i n g r a t e on:
Commercial paper (prime, 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 ) . . . .
Time loans (Stock Exchange, 90 d a y s ) . . . . .

Ifar. 5
1938

Feb. 12
1938

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

1
7/16
1 1/4

1
7/16
1 1/4

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

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 if ( d e a l e r s * q u o t a t i o n ) . . . . . . . .
Kew i s s u e 2 /
Treasury n o t e s , 3-5 y e a r s l / .
Treasury bonds if*

.07
.07
.98
2.42

.07
.07

1.00

.08
.08

2.41

1.13
2.47

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

3.23
6.42

3.21
6.23

3.24
6.38

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