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122 F E D E R A L R E S E R V E B O A R D STATEMENT FOR THE PRESS For X-4514 Immediate R e l e a s e . January 28, 1926. C O N D I T I O N OF A C C E P T A N C E Mft-RKBT. December 17th t o January 20th. Accompanying supply of acceptances demand was The a l s o of New advanced York, i t s increased* cent e s p e c i a l l y 17 with to showed i n c r e a s e . 5/8 b i d o f f e r e d for 120 b i l l s , day o f f e r e d for reduced and o f f e r e d 90 the and for 1/2 60 day with longer per 1/8 dealers' the cent 3 7/8 to 4 m a t u r i t i e s . end 20, of o f f e r e d 3/4 to 4 bid 1 / 4 p e r The at Federal r a t ยป Were and the the Reserve demand r e p o r t e d about 15 reporting period, sales as w e l l the period, their p o r t f o l i o s were 3 30 7/8 and cent quoted New York day b i l l s , bid 3 3/4 bid in and and to 4 3 3/4 3 5/8 3 to 7, a l s o consequently were the New York. on January r a t e s of the and d e a l e r s ' for te year, increased p o r t f o l i o s beginning rates 3 were the reported d e c r e a s e d Rates the orders quiet. h i l l s of markets r e d i s c o u n t In Boston where day b i l l s , 4 at end and dealers' b i l l s * than toward b i l l s , of Chicago On January 3 i t s acceptances 90 day Boston foreign in o f f e r i n g s end toward the remained increase January 20. were cent for large markets on the and New York purchases an the conditions New York and a c t i v e , r a t e s smaller* a t December 3 the a f t e r baying u n s e t t l e d per i n T h e r e a f t e r increased, per more money Chicago and P h i l a d e l p h i a Bank as f i r m e r 7/8 4 to a s as b i d 3 p e r and 3 / 4 o f f e r e d 1/8 3 for cent 5/8
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