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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
R&S MR 553
October 19, 1938

OPEN-MARKET MONEY RATES IN NEW YORK CITY

(Percent per annum)

Week ending Saturday
Oct• 15
1938

Oct* 8
1938

Prevailing rate on:
Commercial paper (prime, 4 to 6 months).
Bankers1 acceptances (prime, 90 days)...
Time loans (Stock Exchange, 90 days)....

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

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

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

1,00

1.00

1.00
1.00

1.00

.05

.05

.09

.11

.20

Sept * 17
1938

3/4
7/16
1 1/4

1.00

Oct. 16
1937
1
7/16
1 1/4

1.00
1.00

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

2.28

.67
2.30

.87
2.43

.36
1.42
2.65

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

3.14
5.37

3.17
5.46

3.20
5..65

3.28
5.48

.02
.66

.02

l/ Averages of daily figures.
TT/ Rates shown for 1938 arc on 91-day bills 5 that for 1937 is on 273-day bills.
3 / Averages of daily figures, week ending Friday•