Full text of G.13 Selected Interest Rates : May 3, 1938
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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.