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BOARD OF GOVERNORS
OP THE
FEDEmL RESERVE SYSTEM
R&S MR 591
m y 23, 1939
OPEN-MARKET HONEY RATES IN NEV YORK CITY
(Percent per annum)
Week ending Saturday
May 20
1939
Prevailing rate on:
Commercial paper (prime, 4 to 6 months).. 1/2-5/8
Bankers' acceptances (prime, 90 days). •. *
7/16
Time loans (Stock Exchange, 90 days).,...
1 1/4
Rate on Stock-exchange call loans: l/

New,.............,.

Renewal.

7.......

Average yield on United States obligations:
Treasury bills (91 days)
Dealers1 quotation l/......... .....
New issue
.7.
........
Treasury notes, 3 to 5 years l/m
Treasury bonds, 12 years and over ]/••••••

May 13
1939

Apr. 22
1939

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

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

1.00
1.00

1.00
1.00

1.00

.03
.005
.40
2.14

.03
.005
.45
2.17

.50
2.29

2.99
5+08

2.98
5.08

3.03
5*17

1.00

.03

.016

Average yield on corporate bonds: 2/

Aaa

.7......

Baa.

* 4i.«... .V

l/ Averages of daily figuresr
Averages of daily figures, week ending Friday*