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BESBRTE

BOARD

R and S MR —— 317
January 29, 1935
MONEY RATES — OPEN-MARKET RATES IN NEW YORK CITY
(Weekly quotation)
1935
Jan. 26
Jan. 19

Open-market r a t e s

1 1934. week ending
1 Dec. 29 1 Jan. 37

Prevailing r a t e on:
Commercial paper (prime, 4 to 6
months)... . .
.........
.
Bankers' acceptances (prime 90 days).
Time loans (stock exchange,90 d a y s ) . .

3/4
l/8
3/4 - 1

3/4 - 1

3/4 - 1
1/8
3/4 - 1

1 1/4-1 i / r

1/8

Average r a t e on c a l l loans
(Stock Exchange):
New
Renewal..

1.00
1.00

1.00
1.00

1.00
1.00

1.00
1.00

.14

.15

.10

2.75

2.84

2.97

Average y i e l d on:
U. S. Treasury b i l l s 1 j
01-day b i l l s .
182-day b i l l s .
U. S, Treasury bonds
(10 issues) 2 / .

.,

3/4

1/2
,
1 - 1 1/4

,72
3.48

1/ 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 BANK 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 )

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 c r e d i t

Week ending
Jan.26.1935
8
6
2,430
24

Change from week ending
Jan.19.1935 :bee.29.1934 Jan.27.1934
- 90
- i
i - 2
1
— 103 \
— 2
+ 22
+ 2
- 9

Total Reserve bank c r e d i t
2,468
Monetary gold stock*.
8,304
ftoastaryand national bank currency 2,500

+ 2
+ 34
- 4

— 10
+ 79
- 8

- 173
+4,269
+ 199

Money in c i r c u l a t i o n *,
Member bank reserve balances
Treasury cash and deposits with
E* R. banks.
Nonmember deposits and other F.R.

5,364
4,473

- 27
+100

-245
4-478

+ 48
+1,623

3,001

- 27

-179

+2,616

434

- 14

+

+

'

6

8

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