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FEDERAL

RESERVE

•

BOARD
R&S MR ~ 84
June 3, 1931

MONEY RATES—OPEN-MAi'tlCET RATES II? 1EW YORK CITY
Open-me,rket r a t e s
P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 t o 6
months) . . . . . . . . . . . .
Bankers' acceptances (prime gO
days) . . . . .
Time loans ( s t o c k exchange, $0
days)
.. .
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 n o t e s and c e r t i f i c a t e s (3 to 6 months) . . . . . . . . . .
U. S. Treasury "bonds (3 long-term
issues)

June 6

1931
May 10

May 9

1910
June 7

2-2i

2 - 2i

2| - a j

3 s - 31

7/8 1 i / s - i i

7/8
1&-1#

2 1 / 8 - 2 3/8

34

n

1.50
1.50

1.50
1.50

i.4o
1.50

3.00

.51

.60

1.20

1.97

3.29

3.30

3.35

3.39

3.00

RESERVE BAKE CREDIT OUTSTANDING AND FACTORS IN CHANGES

Other r e s e r v e "bank c r e d i t

178
135
538
22

TOTAL azsaavz BAliK CREDIT
Monetary gold s t o c k
Treasury c u r r e n c y — a d j u s t e d .

, 933
4,797
1.75s

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

4, Ssu
2,384
29
381




0

B i l l s discounted
B i l l s bought . . . . .

Change from week ending —June 7, 1930
1931

1

Week ending
June 6, 1911

+ 17
4- 9
0
+
8

+
-

34
4- 2
— 26

- 88
+275
-23

24
15
2
0

+185
- 9
+ 2
~ 14

+

+
—

+

84
50
59
13