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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 590
& y 16, 1939

OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Percent per annum)
Week ending Saturday
May 13
1939
Prevailing rate on:
Commercial paper (prime, 4 to 6 months)...

Hate on Stock-exchange call loanst l/

Average yield on United States obligations:
Treasury M i l s (91 days)

Average yield on corporate bonds: Z/

1/2-5/8
7/16
1 1/4

Apr. 15
1939

May 14
1938

1/2-5/8
7/16
1 1/4

1/2-5/8
7/16
1 1/4

3/4.1
7/16
1 1/4

1.00
1.00

1.00
1.00

1.00
1.00

1.00
1.00

,03
.005
.45
2.17

.03
.009
.47
2.24

.03
.023
.51
2.32

.06
.027
.79
2.51

2.98
5.08

3,00
5.15

3.04
5.22

3.23
5.89

l/ Averages of daily figures,
%/ Averages of daily figures, week ending Friday,




May 6
1939