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FEDERAL

RESERVE

BOARD
R&S MR ~ I5S
August 3» 1932

MONEY RATES—OPEN~M:lRKET RATES IN NEW YORK CITY
Open-market r a t e s

1932
June

July

P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 to 6
Bankers 1 acceptances (prime 90

2 i - 2-f

ii - ii
Average r a t e on c a l l loans
(Stock exchange);

2

S3 - 3

i

Time loans (stock exchange, 90

7/8
1|-

2.50

.22
. 3.65

U. S. Treasury bonds (3 long-term

f

2

- 3k

7/8 - 1 1/8
1* - 2

2.50

2.08
2.08

Average y i e l d on:
U. S. Treasury notes and c e r t i f i -

1911
July

May

.

7/8
li - %

2.50
2.50

I.50
1.50

l/.3^

.31

.41

3.78

3.77

3.32

l / Change of i s cue on which yield, i s computed.
RESERVE BANK CREDIT OUTSTANDING- AND FACTORS IN CHANGES
(Averages of daily f i g u r e s . In millions of d o l l a r s )
Change from
July
J u l y 1931
June 1912
B i l l s discounted . . . . . . . . .
B i l l s "bought
United States s e c u r i t i e s .
Other reserve bank credit

i
1,818
21

+ 28
+ 10
+121
+ 1

TOTAL RESERVE BANK CREDIT . .
Monetary gold stock . . . . . . .
Treasury currency—adjusted

2,422
3,9^1
1,780

.<• l 4
- 7

Money in c i r c u l a t i o n
Member bank reserve balances
Nonmember deposits
Unexpended c a p i t a l funds . . . .

5.751




5

2

'Te

343

+221
' 59

+ 354
"+1,145
• i1'
r-

12

+1,468
-rl.017
3

:
-

26