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•

FEDERAL

•
RESERVE

t

BOA ED
B&S
MR - 272
May 15, 193I+

MONEY RATES—OPEN-MARKET RATES IN NEW YORK CITY
(Weekly q u o t a t i o n )
1934, week ending
Open-market r a t e s
May 12
May 5
April l 4
P r e v a i l i n g r a t e on:
Commercial paper (prime, 4 to 6
months)
Bankers 1 acceptances (prime 90
Time loans ( s t o c k exchange, SO
Average r a t e on c a l l l o a n s
(Stock exchange):
New. . . . . . . . . . .
Renewal $ . .
Average y i e l d on:
U. S, Treasury b i l l s (3 months ) l / .
U, S. Treasury notes and c e r t i f i c a t e s (3 to 6 m o n t h s ) . . . . . .
U. S. Treasury "bonds (3 long-term
issues)

1

1

1 / 8 — 1 /4

1

1913
May 11

2

~

1/8 - 1/4

1,/s - l / 4

i - l

1- - 1

i - 1

1.00
1.00

1.00
1.00

1.00
1.00

1.00
1.00

.07

.07"

.07

.4a

2/

2/

2/

•34

3.26

3.31

3.34

1/2
1

- H

3.^7

l / 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 .
2/ Negative y i e l d .
RESERVE BANK CREDIT OUTSTANDING AMD RELATED ITEMS
(Average of d a i l y f i g u r e s . I n m i l l i o n s of d o l l a r s )
Week ending
Change from week ending
May 12. 1914 May 6. 1<W
May 11. 1911
B i l l s discounted
B i l l s bought
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 .

37
7
2,431
8

-

2
1
1

~
+

T o t a l 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 c u r r e n c y . . . . . . .

2,483
7.752
2,381

-

4
4

+ 172
+3.727
+
78

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 P.R.banks.
No member d e p o s i t s and other. F . R . a c c o u n t s .

5.369
3.655
3.099
493

- 3
+ 64

- 254
+1,565
+2,70b
40

....

....

** -

53

** — 16

306
108
594
8

1
* Exclusive of $287,000,000 gold coin r e p o r t e d as i n c i r c u l a t i o n p r i o r to January
31. 1934.
** May 5 f i g u r e s r e v i s e d .