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F E D E R A L

R E S E R V E

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B O A R D
R&S MR - 27
July 7, 1930

MONEY RATES—OPEN-MARKET RATES IN NEW YORK CITY
Open-market rates
Prevailing rate on:
Commercial paper (prime, 4 to 6
months)
Bankers1 acceptances (prime
90 days)
Time loans (stock exchange,
90 days) .
..
Average rate on call loans
(Stock exchange);
New ...................
Renewal ....»..........
Average yield on:
U. S. Treasury notes and certificates (4 to 6 months) ..........
Us S. Treasury bonds (3 long-term
issues)

1930
May

June

3i - 3l

3-1 - U

1 7 / 8 - 2 3/8 2 3/8-2 5/8
2& - 3&

1929
June

April

3f - 4

6

2 7/8-3

5i
8 - 8j

4 - 4i

3i - 3f

2.60
2.S2

3.05
3.12

3.79
4.00

7.83
7.70

1.89*

2.41

3.00

4.80*

3.37

3.4i

3.46

3.71

* Change of issue on which yield is computed,
RESERVE BANIC CREDIT OUTSTANDING AND FACTORS IN CHANGES
(Averages of daily figures in millions of dollars)
Change from
June
May. 1910
June. 1929
Bills discounted
Bills bought
United States securities
Other reserve bank credit
TOTAL RESERVE BANK CREDIT
Monetary gold stock
Treasury currency - adjusted

1,000
4,52s
1,775

Money in circulation
Member bank reserve balances
Nonmember deposits, etc.
Unexpended capital funds

4,489
2,392
27
395




4
4i
43

251
l4i
571
37

2

+
+

- 727
+ 42

+ 392

-

24

- 317

+ 217
r
3

8
35
1
3

- 19S
+ 77
-

+

2

20