View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

•

•

FEDERAL

•
UBS I E ? I

•

BOARD

MS ME - 273
May 22, 1 9 3 U

MONEY HATES—OPEN MARKET RATES IN NEW YORK CITY
(Weekly quotation)
1934, week ending
Open-market rates
May 12
Anril 21
May 19
Prevailing r a t e on:
Commercial paper (prime, 4 to 6
Bankers' acceptances (prime 90
days)
Timo loans (stock exchange, $0
Average rate on c a l l loans
(Stock exchange)i

1

1

1/8 - 1/4

l / s - l/U

2 - 2i
1/2

l / s - l/U

- 1

1 - 1

1.00
1.00

1.00
1.00

1.00
1.00

1.00
1.00

.06

.07

.08

.U5

2/

2/

2/

.21

3.27

3.26

3.36

i - i

Average y i e l d on:
U. S. Treasury "bills (3 months)l/•
U. S. Treasury notes fond c e r t i f i U. S. Treasury bonds (3 long-term
l/
2/

i

1

1933
May 20

1

- li

3.U6

Average r a t e of discount 011 issues sold, by U. S. Treasury within period.
Negative y i e l d .
RESERVE BANK CREDIT OUTSTANDING AND RELATED ITEMS
(Average of daily f i g u r e s . In millions of dollars)
Week ending
Change from week ending
May 19. 1934 May 12. 1914 May 20. 1933

United States s e c u r i t i e s . .

36
6
2,430
8

~

1
1
1

....

- 295
75
+ 587
9

Monetary gold stock?
Treasury and national-hank c u r r e n c y . . . . . . .

2,479
7,753
2,350

- 4
+ l
- 1

+ 207
+3,727
+ SI

Member "bank reserve b a l a n c e s . .
Treasury cash and deposits with F.R,banks.
Uonmembor deposits and other F.R.accounts.

5,357
3,713
3,059
483

— 12
+ 58
- 4o
- 10

- 219
+1,587
+2,693
46

* Exclusive of $257,000,000 gold coin reported as in circulation prior to January
31. 193U.