Full text of G.13 Selected Interest Rates : May 31, 1938

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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&SMR529
May 31, 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 * acceptances (prime, 90 days),...
Time loans (Stock Exchange, 90 days),.,..

May 29
1937

May 21
1938

Apr. 30
1938

3/4-1
7/16
11/4

3/4-1
7/16
11/4

1
1/2
1 1/4

Rate on Stock-exchange call loans: l/
New, •,........,. . ....... •......., .7. •,....
Renewal,.,,,........•..........

1.00

1.00

1.00

1.00
1.00

Average yield on U, S, obligations:
Treasury bills
91 days l/ (dealersf quotation)
New issue 2/
Treasury notes, 3-5 years l/.
Treasury bonds l/

• 05
.03
.76
2.29

.04
.03
.83
2.34

.35
.56
1.46
2.63

3.26
6.53

6.82

3,31

3.30
4.91

,

Average yield on corporate bonds: 3/
Aaa.............,...............7........
Baa ..

1.00

l/ Averages of daily figures.
2/ Rates shoivn for 1938 are on 91-day bills; that for 1937 is on 273-day bills.
3/ Averages of daily figures, week ending Friday.