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FEDERAL

#

•

RESERVE

•

BOARD

MS MR - 313
J a n u a r y 5, 1935
MONEY RATES — OPEN-*MARKET RATES IN NEW YORK CITY
Open-market r a t e s

December

1934
November

October

3/4 - l

3/4-1

3/4- 1

1933
December

P r e v a i l i n g r a t e on:
Commercial paper (prime 4 t o 6
l/8

1/8 - 3/16
3/4 - 1

J

3/4 - l

1/8
i—1

B a n k e r s ' a c c e p t a n c e s (prime 90
days)
...........
Time l o a n s ( s t o c k exchange, $0
days) . .

1 i / 4 - 1 1/r
5/2
3/4 - 1 l/!

Average r a t e on c a l l l o a n s
( S t o c k Exchange):
1.00
1.00

1.00
1.00
Average y i e l d on:
U. S. T r e a s u r y b i l l s l /
91-day b i l l s
182-day b i l l s
U. S. T r e a s u r y bonds

-

1.00
1.00

-

-

• 15

.22

.21

2.97

3.05

3.OS

. 9 4
.

. 9 4

.70
-

3 . 5 3

2 / Average of d a i l y f i g u r e s .
RESERVE BANK CREDIT OUTSTANDING- AND RELATED ITEMS
(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 )
December
1934

Change from
November. 1914
December .1933,

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

10

-1

2,430
26

+6

-107
-95
-2
+7

T o t a l Reserve bank c r e d i t . .
Monetary g o l d s t o c k *
T r e a s u r y and n a t i o n a l - b a n k c u r r e n c y

2,472
8,191
2,493

+6
4-144
+38

-197
44,155
+200

Money i n 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
T r e a s u r y c a s h and d e p o s i t s w i t h P. R.
banks
Nonmember d e p o s i t s and o t h e r P, R.
accounts . . . . .

6

5 . 5 7 7

4,037

%

+54
+1,421

3,120

+150

+2,763

422

+19

-79

*- E x c l u s i v e of $ 2 8 7 , 0 0 0 , 0 0 0 g o l d coin r e p o r t e d as in c i r c u l a t i o n p r i o r t o J a n u a r y
3'1, 1934.