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BOARD OF GOVERNORS
OF TEE
FEDERAL RESERVE SYSTEM
R&S MR 527
May 18, 1938

OPEN-MARKET MONEY RATES IN NEW YORK CITY

(Percent per annum)
Week ending Saturday
May 14
1938
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 #..........a.................T......
Renewal..............................

May 7
1938

Apr. 1'6
1938

May 15
1937

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

3/4-1
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

.06

.06

.13

.06
1.01
2.48

.42
.69
1.48
2.67

3.37
6,99

3.34
4.83

Average yield on United States obligations:
Treasury bills
91 days l/ (dealers1 quotation).......
New i s sue 2/ .
...... # ......
Treasury notes, 3-5 years l/..
...
Treasury bonds l/
7

.03
.79
2.30

2.31

Average yield on corporate bonds: 3/
A a a . . . . . . . . . . . . . . .
Baa.
..................

3.28
6.44

3,30
6.78

.03

.82

1.00

l/ Averages of daily figures.
"5/ Rates shown for 1938 are on 91-day bills; that for 1937 is on 2 73-day bills.
3 / Averages of daily figures, week ending Friday.