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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 517
March 22, 1938

OPEN-MARKET MONEY RATES IN NEW YORK CITY

(Percent per annum)
Week ending Saturday
Mar. 19
1938

Mar, 12
1938

Feb. 19
1938

Mar. 20
1937

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

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

1
7/16
1 1/4

5/16*7/16
1 l/4

Rate on Stock-exchange call loans: l/
New,
R e n e w a l . .

1.00
1.00

1.00

1,00

1,00

Average yield on United States obligations;
Treasury bills
91 days l/ (dealers' quotation)
New issue 2/............................
Treasury notes, 3-5 years l / , . . . . . . . . . .
Treasury bonds
....................

.07
.07
1,03
2,46

.07
.07
,98
2.42

.08
1.08
2,45

.37
.71
1.50
2,55

Average yield on corporate bonds: Z/
Aaa..... . .................................
Baa...................

3,25
6,72

3.23
6,42

3.22
6.29

3,35
4,74

Prevailing rate on:
Commercial paper (prime, 4 to 6 months),..
Bankersf acceptances (prime, 90 days).....
TimĀ© loans (Stock Exchange, 90 days)......

1.00

1.00

,09

3/4.

1.00

l/ Averages of daily figures.
<T/ Rates shown for 1958 are on 91-day bills* that for 1937 is on 273-day bills,
Averages of daily figures, week ending Friday.