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F E D E R A L

R E S E R V E

B O A R D
R&S MR - 7&
May 2* 1931

MONEY RATES—OPEN-MARKET RATES IN NEW YORK CITY
Open-market rates

Average yield on:
U. S. Treasury notes and certificates (3 to 6 months) .........
U. S. Treas'iiry bonds (3 long-term
issues)

31 - 4

1 3/8-l|

2 7/8-3

I

2 - 2*

...1930
April

2|- - 2f

OJ

ii

<h|^
OJ

1
toN*

ii

Average rate on call loans:
(Stock exchange):
New
Renewal

February

si

M|O?
CXI

1

c!f

Prevailing rate on:
Commercial paper (prime, 4 to 6
months)
Bankers1 acceptances (prime 90
days)
Time loans (stock exchange,
90 days)

1931
March

April

4 - 4i

1.57
1.52

1.56
1.55

1.50
1.50

3.79
4.00

1.49

I/I.38

1.06

3.00

3.39

3-39

3.40

3.46

l/ Change of issue on which yield, is computed,
RESERVE BANK CREDIT OUTSTANDING- AND FACTORS IN CHAISES
(Averages of daily figures. In millions of dollars)
Change from
April
April 1930
March 1911
Bills discounted
Bills "bought
United States securities .
Other reserve bank credit
TOTAI, RESERVE BANK CREDIT ..
Monetary gold stock
Treasury currency—adjusted
Money in circulation
Member bank reserve balances
Nonmember deposits, etc
Unexpended capital funds ,...




22

155

173
600

t

5

2

- 77
- 93
+ 70

25

8

- 20

953

32
28

-120

4,7111,770
4,647
2,376
27
384

+268
- 11

+ 57
- 10

+

+

3

2

+129

+ 26

- 1
- 17