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FEDERAL

RESERVE

BOARD

R&S MR - 275
June 5, 1934

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

19*
April

May

March

1931
May

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

Time loans (stock exchange, 90

1/8 -

1/2
1
1—1

Average y i e l d on:
W. 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 (3 long-term

1

..

2 -

1/4 - 1/2
1—1

3/4 - 1

3/4 - 1
Average r a t e on c a l l loans
(Stock exchange):
Hew

i/k

HN

1 - ii

1
1—1

1

Bankers 1 acceptances (prime 90

1.00
1.00

1.00
1.00

1.00
1.00

1.00
1.00

.07

.08

•09

•43

2/

2/

.01

.29

3.28

3-35

3^2

3.47

2/ Negative y i e l d ,
RESERVE BANK CREDIT OUTSTANDING AMD RELATED ITEMS
May
1934
B i l l s discounted

Change from
April 1914 May 1911

36
6
2,431
6

- 7
- 10
- 8
- 3

- 303
— 80
+ 585
T
9

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

2,479
7,759
2,378

- 28
+ 23
+ 1

+ 193
+3,446
+
77

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

5.355
3,695
3,083
483

- 11
+101
**-139
**+ 45

- 521
+1,570
+2,712
45

United States s e c u r i t i e s
Other Reserve bank c r e d i t

31. 1934.
** Revised figures*




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