View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

4
FEDERAL

*

«
RESERVE

•

BOARD
R&S MR - 5 7
January 6, 1931

MONEY RATES—OPEN-MARKET RATES IN NEW YORK CITY
Open-market r a t e s

1910
November

December

P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 to
Bankers' acceptances (prime

2| - 3

2f - 3

17/8
2| - 2|

1

2-2*

1929
December

3

1 7/8

1 7/8
OJ

Time loans ( s t o c k exchange.
90 days) . . . . . . . . . . . *..

October

5

31-4
4f - 5

A-verage r a t e on c a l l loans
(Stock exchange)
2.27
2.23
Average y i e l d on:
U. S$ Treasury notes and c e r t i f i c a t e s (4 t o 6 months) , .
U, S. Treasury "bonds (3 long-

1/1 te
3.34

2.00
2.00

2.00

2.00

4,88
4,83

rl,40

rl,7U

1/3.03

3.32

3.3%

3.46

1/ Change 6f i s s u e on which y i e l d i s computed.
r Revised.
RESERVE BANK CREDIT OUTSTANDING AND FACTORS IN CHANGES
(Averagesof 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
December
November 1A10
December 1929
B i l l s discounted
B i l l s bought
Jnited States securities
Other r e s e r v e bank c r e d i t

338

ST

1.273
4,583
1.793

Member bank reserve balances
Nonmember banlc d e p o s i t s , e t a .
Unexpended c a p i t a l funds

4,823
2.415
27
384

-466
-

63

+198
- 39

34

TOTAL RESERVE BANK CREDIT
lonetary gold stock
Treasury currency—adjusted




+117

+240
+ 30

0

+295

- 18
- 4
- 3

-370
+258
— u
-120
+ 20
0
-16