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FEDERAL

RESERVE

B O A R1T

w

R and S - 312
January 3, 1935
MONEY RATES — OPENrMARKET RATES IN NEW YORK CITY
(Weekly q u o t a t i o n )
Open-market r a t e s

Dec.29

P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 to 6
months) . . .
.
Bankers* acceptances (prime 90
Time l o a n s ( s t o c k exchange, 90 days) .
Average r a t e on c a l l l o a n s
(Stock Exchange):
New

19:34. week ending
Dec. 22
Dec. 1

1933
Dec. 30

3/4 - 1

3/4 - 1

3/4 - 1

- 1/8
3/4 - 1

«
3/4
- 1

1 / 8

3 /, 4 - /1

5/8
1 .

1.00
1.00

1.00
1.00

1.00
1.00

1

1.00
1.00

1 1/2

8

Average y i e l d on:
U. S. Treasury "bills 1/
-

U. S. Treasury bonds
(10 i s s u e s ) 2/

-

.62

-

. 10

.12

. 22

2.97

2.94

3.02

-

3.53

i / Average r a t e of d i s c o u n t on i s s u e s o f f e r e d by U. S. Treasury within week.
2/ Wednesday f i g u r e s .
RESERVE BANK CREDIT OUTSTANDING AND RELATED ITEMS
(Average of d a i l y f i g u r e s . In m i l l i o n s of d o l l a r s )
- '
B i l l s discounted
B i l l s bought
United S t a t e s s e c u r i t i e s
Other Reserve bank c r e d i t

Change from week ending
Week ending |!
Dec.30.1933
1 Dec.29,1934 1 Dec.22.1934

!

-7

-100
-114
-4
+8

-8
+21
4-7

-211
4-4,189
4-205

5,609
3,995

+5
4-52

4-56
4-1,326

3,180

-34

4-2,863

428

-1

-61

(
i
j

10
6
2,430
33

Total Reserve bank c r e d i t
j
Monetary gold s t o c k *
Treasury and n a t i o n a l bank currency . . . .

2,478
8,225
2,508

Money in c i r c u l a t i o n *
Member bank r e s e r v e b a l a n c e s
Treasury cash and d e p o s i t s with
F. R. banKs . . . . . . . . . . . . . . . . . . . . . . . . .
Nonmember d e p o s i t s and o t h e r ?. R.
accounts

——
——

j

* Exclusive of $287,000,000 gold coin r e p o r t e d as i n c i r c u l a t i o n p r i o r to January
31, 1934.