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FEDERAL

RESERVE

BOARD

R&S MR - 269
May 1, 1934

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

1934, week ending
April 21
A p r i l 28
March 11

P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 to 6
Bankers 1 acceptances (prime 90
Time loans ( s t o c k exchange, $0
days)...........................

1

1

l/S - l/4

l/s - i/4

1/4

1 - 1

i - i

1 - 1

1.00
1.00

1.00
1.00

1.00
1.00

1.00
1.00

.08

.08

.08

.51

2/

2/

2/

.41

3-35

3.36

3.39

Average r a t e on c a l l loans
(Stock exchange):

Average y i e l d on:
U. S. Treasury b i l l s (3 months)!_/.
U. S. Treasury notes and c e r t i f i cates (1 to 6 months)
U. S. Treasury bonds (3 long-term
issues).
l/
2/

1933
April 29

1

2

- ii

- 2§
1/2

1

- li

3.56

Average r a t e of discount on i s s u e s s o l d by U. S. Treasury w i t h i n p e r i o d .
Negative y i e l d .
RESERVE BANK CREDIT OUTSTANDING AND RELATED ITEMS
(Average of d a i l y f i g u r e s . In m i l l i o n s of d o l l a r s )
Change from week ending
Week ending
A p r i l 28.1914 April 21.19^4 (April 29.1931

B i l l s discounted.
.
Bills b o u g h t . . . . . . . . . . . . . .
United S t a t e s s e c u r i t i e s . .
Other Reserve "bank c r e d i t .

40

- 1

-

371

11
2,435
12

- 3
-4

+ 598
3

Total Reserve bank c r e d i t
Monetary gold stock*
Treasury and n a t i o n a l - b a n k currency.

2,498
7,755

-

+

54

+

74

Money i n c i r c u l a t i o n * . . . . . . . . . . . . . . . . . . . . .
Member bank r e s e r v e b a l a n c e s .
Treasury cash and d e p o s i t s with F.R.banks.
Nonmember d e p o s i t s and other ? . R , a c c o u n t s .

5,346
3,702
3,186

-18

-

382

2,380

399

- 1
8

+ 9

+63

-33
-11

-

169

+3,732

+1,572
+2,808

-

138

* Exclusive of $287,000,000 gold coin r e p o r t e d a s i n c i r c u l a t i o n p r i o r to January

31, 193U.