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X-4461 254 FEDERAL RESERVE BOARD STATEMENT FOR THE PRESS November 25, 1925 For Immediate Release. CONDITION OF ACCEPTANCE MARKET October 22, 1925 to November 18, 1925 • .A.cccptances. An increased supply of bills was reported from the New York and Boston acceptance markets duxing tl-}e last week of October with a light demand which resulted in an increase in dealers' portfolios. Later the demand in !Jew York increased and at the close of tho reporting period, on November 18, the market was quiet with demand ings to tho reserve bank. a~d ~10 supply about equal and only moderate offeraverage weekly turnover of bills by reporting dealers in that city was about the ssne during tho four weeks ending Novc~hor 18 as during tho five v:eoks ending October 22, and their aggregate portfolios were nearly equal on these two dates. In Boston the market was characterized as fairly active in November with a moderato supply end licht demand for bills, so that offerings to the reserve bank were was very quiet during the whole ~iod, subGt~~tial. The Chicag9 market the average volurne of business re- ported by dealers being considerably smaller than during tho proYious five weeks. Rates remained unchanged in all ~~kets. On November 18 they were quoted in New York as 3 3/8 per cent bid a'1d 3 1/4 offered for 30-dc::~.y bills, 3 1/2 bid .:md 3 3/8 offered for 60-day bills, 3 5/8 bid and 3 1/2 offered for 90-day bills, 3 3/4 bid and 3 5/8 offered for 120-day bills, and 4 per cent bid and 3 7/8 offered for l~l and 180-duy bills.
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