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FEDERAL

•
RESERVE

•

BOARD

R&S MR - 281
J u l y 18, 1934
MONEY HATES—OPEN-MARKET RATES lit HEW YORK CITY
(Weekly quotation)

3/4 - 1

3/4 - 1

l/8 - l/4

l/S - l/4

i / s - 1/4

3/4 - l

3/4-1

3/4 - 1

1.00
1.00

1.00
1.00

.07
2.81

.07
2.90

Average r a t e on c a l l loans
(S t ook Exchange ) :

Average y i e l d on:
U. S. Treasury b i l l s l /
91-day b i l l s . . . . . . . . . . . . . . .
182-day b i l l s
U. S. Treasury bonds (9 issues)2,/

1$ " 11
1/2
1

-

H H

3/4 - l

1933
J u l y 15

li

88

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 go
doy s)
»•••».»
Time loans ( s t o c k exchange, $0
days)
....

1934, week ending
June l6
July 7

88

J u l y 14

.36
2.94

3.19

1/ Average r a t e of discount on i s s u e s sold by U. S. Treasury with p e r i o d .
2/ Wednesday f i g u r e s , -"umber of i s s u e s i n c r e a s e d to nine on June 15, 1934•
RESERVE BANK GRE3IT OUTSTANDING AND RELATED ITEMS
(Average 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 )

B i l l s discounted
B i l i 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

Week ending Change from week ending
J u l y l 4 . 193f J u l y 7. lQt+lJuly 15.1933
l5T
3
9
4i6

2,432
11

-

6

T o t a l Reserve bank c r e d i t
Monetary g o l d stock *
Treasury and n a t i o n a l bank currency

2,471
7,881
2,365

+
+

9
15
1

+ 259
+ 3,849
81

Money in c i r c u l a t i o n * .
Member bank r e s e r v e balances
Treasury cash and d e p o s i t s with ? . R. banks
Nonmember d e p o s i t s and other I , R. accounts

5.367
3,892
3,007

- 31
+ 116
- 69
9

35
+ 1,63s
+ 2,652
66

451

2

* Exclusive of $287,000,000 gold 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
January 31, 1934.