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BOARD OF GOVERNORS
OP THE
FEDERAL RESERVE SYSTEM
R&S MR 554
October 25, 1938
OPEN-MARKET MONEY RATES IN NEW YORK CITY
(Percent per annum)
Week ending Saturday

P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 t o 6 months),
Bankers' acceptances (prime, 90 d a y s ) . . .
Time loans (Stock Exchange, 90 d a y s ) , . . .
Rate on Stock-exchange c a l l l o a n s : l /
New..
......
Renewal
Average y i e l d on United S t a t e s o b l i g a t i o n s
Treasury b i l l s
91 days l / ( d e a l e r s ' q u o t a t i o n ) . . . . . • .
New i s s u e 2 / .
Treasury n o t e s , 3-5 years l / . . . . . . . . . . . .
Treasury bonds l /
Average y i e l d on c o r p o r a t e bonds: Z/
Aaa........
^,. g . . . . . .
Baa...

Oct. 22
1938

Oct. 15
1938

Sept» 24
1938

5/8-3/4
7/l 6
1 1/4

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

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

1.00
1.00

1.00
1.00

.04
.03
.67

.05

Oct. 23
1937
1
7/16
1 l/4

1.00
1.00

1.00
1.00

.08

.22

.02

2.28

.66
2.28

.14
.85
2.41

.26
1.46
2.66

3.14
5.33

3.14
5.37

3.21
5,70

3.29
5.72

l / Averages of d a i l y f i g u r e s .
"2"/ Rates shown f o r 1938 a r e on 91-day b i l l s 5 t h a t f o r 1937 i s on t a x - d a t e b i l l s
maturing about March 16, 1938.
3 / Averages of d a i l y f i g u r e s , wook ending F r i d a y .