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FEDERAL

RESERVE

BOARD
R&S MR - 261
March 13, 1934

MONEY RATES —OPEN-MARKET RATES IN NEW YORK CITY
(Weekly quotation)
Open-market rates
Prevailing rate on:
Commercial paper (prime, 4 to 6
months) ... ...................
Bankers' acceptances (prime 90
days)..........................
Time loans (stock exchange, 90
days)
Average rate on call loans
(Stock exchange):

Average yield on:
U. S. Treasury notes and certificates (3 to 6 months)..........
U. S. Treasury "bonds (3 long-

193^, week ending
Mar. 10
Feb. 10
Mar. 3

ii -

1* " 1*

i - &

*

i

i - 1

1 - 1

i - 1

1.00
1.00

1.00
1.00

1.00
1.00

.03

.07

3.4s

3.51

3.44

1933
Mar. 11

Bank
holiday

HESEPVE BASK CREDIT OUTSTANDING AND RELATED ITEMS
(Averages of dally figures. In millions of dollars)
Change from week ending
Weck ending
Mar. 10,19* Mar. 3,1934 Mar. 11,1933
Bills discounted
Bills "bought
United States securities
Other Reserve "bank credit.

59
49
2,437
•5

- 5
- i4
+ 4

-1,362
- 368
+ 561
+
58

Total Reserve "bank credit
•Monetary gold stock*
Treasury and national-"bank currency

2,549
7,546
2,312

- l6
+135
+ 10

-1,112
+3,589
+ . 79

Money in circulation*
Member bank reserve "balances
Treasury cash and deposits with F.R.

5.386
3.277

+ 16
+230

-1,859
+1,474

3.315

-124

+3,004

Nonmemher deposits and other F.R. ac-

429

+

7

63

* Exclusive of $287,000,000 gold coin reported as in circulation prior to January
31. 193^.