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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 526
May 11, 1938
OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Percent per annum)
Week ending Saturday

T

Prevailing rate on:
Commercial paper (prime, 4 to 6 months)•
Bankers1 acceptances (prime, 90 days)#..
Time loans (Stock Exchange, 90 days)....
Rate on Stock-exchange call loans: l/
New# # # #•..........##..
Renewal

1938

Apr# 30
1938

Apr# 9
1938

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

3/4rl
7/16
1 1/4

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

1
9/16
1 1/4

1.00

1.00
1.00

1.00
1,00

1.00
1.00

.04
.03
.83
2.34

.14
.15
1.07
2,51

.47
.72
1.49
2.69

3,31

3.37
7.17

3.36
4.84

1.00

Average yield on United States obligations
Treasury bills
91 days l/ (dealers1 quotation)
Now issue 2
/
.
•
Treasury note's, 3-5 years l/#...........
Treasury bonds l/........ , 7 . .

2.31

Average yield on corporate bonds: 3/
Aaa#............
Baa,............. ...

3.30
6.78

.06
.03

.82

6.82

May 8
1937

l/ Averages of daily figures.
<T/ Rates shown for 1938 are on 91-day bills; that for 1937 is on 273-day bills.
"3/ Averages of daily figures, week ending Friday.