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F E D E R A L

RES

BOARD

E R V

R&S MR - 52
December 3» 193°
MONEY RATES—OPEN-MARKET RATES IN NEW YORK CITY

Open-market rates
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 ( s t o c k exchange,

November

2| - 3
1 7/8
2-2-4-

Average rate on c a l l loans
(Stock exchange)
New . . .
Average y i e l d on:
U. S. Treasury notes and cert i f i c a t e s (4 to 6 months)
U. S. Treasury bonds (3 long-

2/ Maturities of 6-9 months

1910
October

Sept ember

1929
November

3

3

5i-6i

17/8

17/8

3i - 4 5/8

2 i - 2g

2i - 2i

4i - 6

2.00
2.00

2.00
2.00

2.17
2.19

5.4o
5.44

1.51

1.90

1/2/1.84

3-47

3.32

3.34

3.37

3.45

y i e l d i s computed.

RESERVE BANK CREDIT OUTSTANDING AND FACTORS IN CHANGES
(Averages of d a i l y f i g u r e s i n m i l l i o n s of d o l l a r s )
Change from
November
October 1910
November 1929
221
184
599

+ 24
r 1

-732

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

1,033
•+.553
1,793

+ lU
+ 33

-598
+179
+ 4

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

4,52S
2,433
30
388

III

-317
- 89

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




29

: I

*
-

3
3

-112

+284
- 38

-

2

-

7