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•

•

FEDERAL

•
E 1 SI R? E

BOAR D
M S MR - 280

July 5, 193^
MONEY SATES—OPEN-MARKET RATES IN NEW YORK CITY
(Weekly quotation)
June 30
Prevailing r a t e on:
Commercial paper (prime, 4 to 6
Bankets 1 acceptances (prime $0
days)
Time loans (stock exchange, 90
days) . . . . .
Average r a t e on c a l l loans
(Stock Exchange):
New
Average yield on:
U. S. Treasury b i l l s (3 months) l /
U. S. Treasury notes and c e r t i f i cates (3 to 6 months) . . . . . . . . .
U . S . Treasury bonds (g issues) 3./

1934, week ending
June 2
June 23

3/4 - l

3/4-1

l / g - l/4

1/8 - i / 4

l / s - l/4

3A - 1

3/4 - 1

3/4-1

1.00
1.00

1.00
1.00

1

1933
July 1

ll/2-l

1.00
1.00

3/8
1/2 - 3/

1.00
1.00
.27

2/
2.92

2/
2.92

2/

2-99

.06
3-22

2/ Negative y i e l d .
j / Revised s e r i e s . For description and back f i g u r e s see Federal Reserve Bulletin
f o r June, 193^*•
RESERVE BANK CREDIT OUTSTANDING AND RELATED ITEMS
(Average of d a i l y f i g u r e s . In millions of dollars)
Week ending
Change from week ending
June 10. 1934 June 2-3.19# ,July 1. i q |
B i l l s discounted
T159I
27
B i l l s bought
20
, 5
United States s e c u r i t i e s .
2,1+30
- 1
+ 451
Other Reserve bank c r e d i t
6
- 1
4
'

Total Reserve bank c r e d i t
Monetary gold stock*
Treasury and national-bank currency

2,46g
7.84g

Money in circulation *
Member bank reserve balances . . . . . . . . . . . . . . .
Treasury cash and deposits with F. R, banks
Nonmcmbcr deposits and other F. R. accounts

5,330
3.825

*

2.365

3

'462

- 2
+ 12

+ 4
+

2

*?

- 60

+ 1

Exclusive of $287,000,000 gold coin reported as in circulation w i o r to
January 31, 1934.




+ 258

+3.817
+

72

- s4
+1,552
+2.727
- 4s

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FEDERAL

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•

H! S I E V E

B 0 AE D

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B&S ME - 281
J u l y 5, 1934

MOUSY RATES — OPBH-MABKBT EATBS IN HEW YORK CITY
Open-market r a t e s
P r e v a i l i n g rate on:
Commercial paper (prime 4 to 6
months)
. ..
-Bankers 1 acceptances (prime 90
days)
-......
Time loans (stock exchange, 90
days) . . . . . . . . . . . . . . . . . . . . . . .
Average r a t e on c a l l loans
(Stock exchange):
Mew
Renewal
Average y i e l d on:
U. S. Treasury b i l l s (3 months) i f
U . S . Treasury notes and c e r t i f i cates (3 to 6 months)
U. S. Treasury bonds (8 i s s u e s ) j /

1934
May

June

A"pri 1

1 - 1 l/4 1 l / 2 - 2

3/4 - 1
i/s - i/4

l/s - l/4

1/S - 1/4

3 /4 - 1

3A - 1

3/4 - 1

3/4 - 1

1.00
1.00

1.00
1.00

1.00
1.00

.07

.08

.26

2/
3.01

3.12

2/

.07
3.22

1.00
1.00

2/
2.9U

3/8

l / Average r a t e of discount on issues sold by United S t a t e s Treasury within month.
2/ Negative y i e l d .
3 / Revised s e r i e s . For description and back f i g u r e s see Federal Reserve Bulletin
f o r June, 1934.
RESERVE BAM CREDIT OUTSTANDING MD RELATED ITEMS
(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
June
1934
May. 1934 June, 1931
B i l l s discounted . . . . . . . . .
B i l l s bought
United S ta te s s e c u r i t i e s .
Other Reserve bank credit

28
>,42^

Total Reserve bank c r e d i t
Monetary gold stock *
Treasury and national-bank currency

2,464

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

- 8

- 1
- 7
+ 1

222

+

491

+

256

+

62

7
5

2,363

-15
+62
-15

+ 3,504

5.341
3,790

-l4
+95

4oi
+ 1.579

7,821

3

'Si

-29
-20

* 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, 1934.



-

+ 2,701

51