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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

R&S MR 396
April 29, 1956

OPEN-MARKET MONEY RATES IN NEw YORK CITY
(Percent per annum)
Week ending
April 25 April 18 March 28
1956
1936
1956
Prevailing rate on:
Commercial paper (prime, 4 to 6
months)....
Bankers' acceptances (prime, 90 days)..
Time loans (Stock Exchange, 90 days)...
Average rate on call loans (Stock
Exchange):
New
Renewal.
Average yield on:
United States Treasury bills l/:
273-day bills
United States Treasury bonds,
(10 issues) 2/...,

5/4
1/8
1

5/4
1/8
1

5/4
1/8
1

April 27
1955
3/4
1/8
1/4 - 3/8

.75
.75

.75
.75

.75
.75

.25
.25

.09

.09

.15

.15

2.51

2.50

2.52

2.61

1/Average rate of discount on issues offered by United States Treasury within week.
2/Y/ednesday figures.
RESERVE BANK CREDIT OUTSTANDING AND RELATED ITEMS
(Average of daily figures. In millions of dollars)
V/eek ending- Change from week ending
April 18 March 28 April 27
April 25
1936
1956
1935
1956
5
-1
-1
-2
W," •—
5
— —
U. S. Government securities.
2,430
50
+4
Other Reserve bank credit.
7
+5
-4
—14
2,478
+8
-4
-14
>3,0
10,210
+53
+1,515
Treasury and national bank currency....
2,501
-1
-2
-47
Money in circulation
5,874
+25
-21
+394
Licmber bank reserve balances
5,420
+118
+560
+725
2,546
+ 26
-567
Treasury deposits with F. R. banks
728
-111
-415
+650
Nonmember deposits.
3u0
+16
+23
+75
—
Other F. R. accounts.
4-1
260
+1