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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S
MR
524
May 3, 1938

OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Percent per annum)

Week ending Saturday

Prevailing rate on:
Commercial paper (prime, 4 to 6 months).*
Bankers 1 acceptances (prime, 90 days)....
Time loans (Stock Exchange, 90 days).....
Rate on Stock-exchange call loans: l/

............

... VT.......

Apr. 30
. 1938

Apr• 23
1938

Apr . 2
1938

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

itiay 1
1937

1.00

1.00

....................

1.00

1.00
1.00

1.00
1.00

Average yield on limited States obligations;
Treasury bills
91 days l / (dealers 1 quotation)........
New issue 2/..........................
Treasury note's, 3-5 years l/.
Treasury bonds l/.
"7.

.04
.03
.83
2.34

.05
.04

.11
2.50

.45
.74
1.52
2.74

3.34
7.38

3.40
4.88

New....

Renewal.......

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

3.31

6.82

.82

r 2 .37

3.35
7.05

.14

1.06

l / Averages of daily figures.
"2"/ Rates shown for 1938 are on 91-day bills; that for 1937 is on 273-day bills.
7 / Averages of daily figures, week ending Friday.
r Revised.




• #
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 525
May 3, 1938

MONEY RATES
(Percent per annum)

1938
Apr,

Mar.

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

1.00
1.00

1937
Feb.

Apr.

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

1
7/16
1 1/4

1
9/16
1 1/4

1.00
1.00

1.00
1.00

1.00
1.00

.08

.08

OPEN-MARKET RATES IN NEW YORK CITY
Prevailing rate on:
Commercial paper (prime, 4 to 6 months) .
Bankers' acceptances (prime, 90 days)...
Time loans (Stock Exchange, 90 days)....
Rate on Stock-exchange call loans: l /
New#.....«•
....... • * • • . . . . . .
Renewal....
........
Average yield on United States obligations
Treasury bills
91 days l / (dealers» quotation)•. ....
Hew issue 2/.
Treasury note's, 3-5 years l/............
Treasury bonds l/. . . . . . . . . . . . . . . . . . .

.94
2.43

2.45

1.09
2.46

.56
.70
1.59
2.74

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

3.35
7.02

3.26
6.74

3.23
6.31

3.42
4.86

2.36
3.26
4.13

2,40
3.25
4.15

2.34
3.29
4.09

2.53
3.36
4.21

.09

.08

,07

1.01

.08

RATES CHARGED CUSTOMERS BY BANKS 3 /
New York City...... * #
Eight other northern and eastern cities...
Twenty-seven southern and western cities. •

l / Averages of daily figures.
<T/ Rates shown for 1938 are on 91-day bills; that for April 1937 is on 273-day
bills..
3 / Weighted averages of prevailing rates.