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BOARD OF GOVERNORS
OP TUB
FEDERAL RESERVE SYSTEM
R&S
MR
560
November 29, 1938

OPEN-MARKET HOI^IEY RATES IN NE\Y YORK CITY
( P e r c o n t p e r annum)
Week ending S a t u r d a y
Nov, 26
1938

Nov. 19
193%

O c t . 29
1938

Nov. 27
1937

P r e v a i l i n g r a t e oil:
Commercial p a p e r ( p r i m e , 4 t o 6 m o n t h s ) . . .
Bankers 1 a c c e p t a n c e s ( p r i m e , 90 d a y s ) . . . . .
Time l o a n s (Stock Exchange, 90 d a y s ) .

5/8
7/16
1 1/4

5/8-3/4
7/16
1 1/4

5/8-3/4
7/16
1 1/4

1
7/16
1 1/4

Rate on S t o c k - e x c h a n g e c a l l l o a n s : l /
New... . . . .
.T. . . . . . .
Renewal
.

1.00
1.00

Average y i e l d on U n i t e d S t a t e s o b l i g a t i o n s :
Treasury b i l l s
91 d a y s l / ( d e a l e r s 1 q u o t a t i o n )
New i s s u e 2 /
Treasury note's, 3-5 years l / .
T r e a s u r y bonds l /

1.00

1.00

1.00
1.00

1.00
1.00

.04
.03
.69
2.28

.09

.72
2.32

.04
.03
.73
2.31

3.10
5.23

3.09
5.20

3.14
5.31

.04

.02

.12

1.30
2.58

Average y i e l d on c o r p o r a t e b o n d s : 3 /

Aaa
Baa

.....

T.........

l / Averages of d a i l y f i g u r e s .
5 / R a t e s shown f o r 1938 a r e on 91-day b i l l s ; t h a t f o r 1937 i s on t a x - d a t e b i l l s
m a t u r i n g a b o u t March 1 6 , 1938.
3 / Averages of d a i l y f i g u r e s , week ending F r i d a y .




3.25

6.00