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BOARD OP GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 552
October 11, 1938
OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Percent per annum)
Week ending Saturday
Oct. 8
1938
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.

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

Oct. 1
1938

Sept. 10
1938

Oct. 9
1937

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

3/4
7/16
1 1/4

1
7/16
1 1/4

1.00

1.00

1.00
1.00

1.00
1.00

.05

.06
.10

.74
2.35
3.19
5.53

1.00

Average yield on United States obligations
Treasury bills
91 days l/ (dealersT quotation).......
New issue _2/,.....
Treasury notes, 3-5 years l/,...........
Treasury bonds l/.

.67
2.30

.10
.03
.85
2.41

Average yield on corporate bonds: 3/
Aaa.
.......v..........
Baa.........

3.17
5.46

3.25
5.74

.02

1.00
.20

.43
1.41

2.66
3,28
5.30

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