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BOARD OF GOVERNORS
OF TUB
FEDERAL RESERVE SYSTEM
R&Sm548
September 20, 1938
OPEN-^IARKET MONET RATES IN NMV YORK CITY
(Percent per annum)

Week ending Saturday
S e p t . 17 Sept, 10
1938
1938

Aug. 20
1938

P r e v a i l i n g r a t e on:
Commercial p a p e r (prime, 4 t o 6 m o n t h s ) . . . .
Bankers' acceptances (prime, 90 d a y s ) . . . . . .
Time loans (Stock Exchange, 90 days

3/4
7/16
1 1/4

3/4
7/16
1 1/4

3/4
7/16
1 1/4

Rate on Stock-exchange c a l l l o a n s : l /
N e w . . . . . . . . . . . . . . . . . . .
Renewal.................................

1.00
1.00

1.00
1.00

1.00
1.00

.09

.06

.06

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 1 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: 3 /
Aaa....
.7.

.11

.87
2.43

.10

.74
2.35

.05
.71
2.31

3.20
5.65

3.19
5.53

3.18
5.53

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 ; t h a t f o r 1937 i s on 273-day b i l l s #
]%/ Averages of d a i l y f i g u r e s , week ending F r i d a y ,