View original document

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

FEDERAL

RESERVE

BOARD

R&S MR - 270
May 3, 1934

MONEY RATES--OPEN-MARKET RATES IM MEW YORE CITY
1934
March

February

1913
April

1

April

1—1

Open-market rates

ii - ii

2

1/4 - 1/2

1/2

Prevailing rate on:
Cornercial paper (prime 4 to 6

I

1—I

Bankers * acceptances (prime $0

1/8 - 1/4

Time loans (stock exchange, 90

Average yield on:
U. S, Treasury bills (3. months)1/.
U. S. Treasury notes and certifi-

1/2 - 1 1/4

1

3/4-1

1.00
1.00

1.00
1.00

1.00
1.00

.08

.09

.63

• 78

2/

.01

.08

.45

3.42

3.49

3-55

3/4 Average rate on call loans
(Stock exchange):

- 34

3/4 -

1

1

- 1 1/2

1.29
1.37

U. S. Treasury "bonds ( 3 long-term
3.35

1/ Average rate of discount on issues sold by United States Treasury within month.
2/ Negative yield.
RESERVE BANK CREDIT OUTSTANDING AMD RELATED ITEMS
(Averages of daily figures. In millions of dollars)
April
Change from
April 19Y5
March 19^4
1934

11

Treasury cash and deposits with IMUbanks..
Nonmcmbcr deposits and other $\R.accounts•.

2,439
9

- 12
-24
+ 2
+ 6

+

2,507
7,736

- 28
+134

8
+3,722
+
75

2,377

+ 44

5,366
3.594
3,235

+233
- 63

425

-

2

- IS

-

386
214
602
9

4s4

+1,508
+2,847
81

* Exclusive of $287>000,000 gold coin reported as in circulation prior to January

31. 1934.