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FEDERAL

'®
RESERVE

i

BOARD
R&S MR - 150
J u l y 21, 1932

MONEY RAIES—OPEK^-MARZET RATES IN NEW YORK CITY
Open-market r a t e s

June 18

19*52
June 11

May 21

1931
June 20

P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 to 6

Average r a t e on c a l l loans:
(Stock exchange):
New
Renewal
...,
Average y i e l d on:
U . S . Treasury notes and c e r t i f i cates (3 to 6 months)
.
U. S. Treasury bonds (3 long-term

-

2 !

7/8

- 3
7/8

2

1

Time loans (Stock exchange, 90

2 4

CVI

Bankers* acceptances (prime 90

7/8

1*

14

14

2.50
2.50

2.5O
2.50

2.50
2.50

1/.40

.20

3.76

3.85

. 1 6

7/8
i i - i4

1.50
1.50

1/.65

3.82

3.28

l / Change i f issue on which y i e l d i s computed.
RESERVE BANK CREDIT OUTSTANDING AND FACTORS IN CHANGES
(Averages of d a i l y f i g u r e s . In millions of d o l l a r s )
Change from week ending—
Week ending
June 20. 1931
June 18. 1912 June 11, 1932
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 . . . . . . . . . . .

496
56
1,700
25

- 9
+ 20
+ 63
+ 4

+299
T 61
+1,099
. - 7

TOTAL RESERVE BANK CREDIT
Monetary gold stock
Treasury currency—adjusted

2,277
3,922
1,800

+ 78
T 66
+ 14

+1,330
. -961
+ 36

Money i n c i r c u l a t i o n
Member bank reserve balances
Honmember d e p o s i t s , e t c ,
Unexpended c a p i t a l funds

5,485
2,092
74
348

+ 12
T 1
+ l4
t 1

+712
T315
+ 4l
•r 33