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FEDERAL

RESERVE

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BOARD
R&S - 310
December 18, 1934

MONEY RATES — OPEN-MARKET RATES IN NEW YORK CITY
(Weekly quotation)
Open-market r a t e s
P r e v a i l i n g r a t e on:
Commercial paper (prime, 4
to 6 months)
Bankers 1 acceptances (prime
90 days
Time loans (stock exchange,
9 0 days),,««* * , , , * . * * « . . ,
Average r a t e on c a l l loans
(Stock Exchange):
New.
Renewal.............

Dec. 15

1933
Dec. 16

1934, week ending
Dec, 8
Nov. 17

1 1 / 4 - 1 1/2

3/4 - 1

3/4 - 1

3/4 - 1

1/8

1/8

1/8

5/8

3/4 - 1

3/4 - 1

3/4-1

1 - 1 1/4

1.00
1.00

1.00
1.00

1.00
1.00

1.00
1.00

Average y i e l d on:
U. S, Treasury b i l l s 1/
91-day b i l l s . . . . . . . .
182-day b i l l s .
U. S. Treasury bonds
(9 issues)

-

.16

-

4
.75

-

,21

.20

-

3.51
2.97
3.00
3.08
l/Average r a t e of discount on issues o f f e r e d "by U, S. Treasury within week,
2/Wednesday f i g u r e s .
RESERVE 3AITIC CREDIT OUTSTANDING- AND RELATED ITEMS
(Average of d a i l y f i g u r e s . In millions of d o l l a r s )
Week ending
Dec,15,1934

Change from week ending
Dec. 16, 1933
Dec. 8. 1934

B i l l s discounted
B i l l s "bought,
United S ta te s s e c u r i t i e s . . , .
Other Reserve bank c r e d i t . . ,

-

Total Reserve bank c r e d i t . . .
Monetary gold stock *
Treasury and national bank
currency,

2,465

Money in c i r c u l a t i o n *,
Member bank reserve balances
Treasury cash and deposits
with F. R. Banks
Nonmember deposits and
other F, R. accounts,
•Exclusive of $287,000,000 gold
31, 1934,

5.554
4,093




2,487

3,061

108

218
+4,142
+ 11
+
57
+1,458
+ 33

+2,692

+ 12
coin reported as in c i r c u l a t i o n -prior to January