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r B D E RT L
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R E S E R V E

B O A R D

% S - 304
November 14, 1934
MO HEY -'RATES—OPEN-MARKET RATES IN NEW YORK CITY
(Weekly quotation)

Prevailing rate on:
Commercial paper (prime, 4 to 6
months)••••••»«••••>••«••••••
Bankers' acceptances (prime
90 days)
Time loans (stock exchange,
90 days)
.

. .

Average yield on:
U. S. Treasury "bills 1/
91-day bills..............
182-day bills.
V.
U. S. Treasury bonds (9
issues) 2/...

1933
Nov. 11

3/4 - 1

3/4 - 1

3/4 - 1

1 1/4

1/8

1/8

3/16

1/4— 3/8

3/4 - 1

3/4 - 1

3/4 - 1

5/8 - 3/4

1.00
1.00

1.00
1.00

1.00
1.00

Average rate on call loans
(Stock Exchange):
Renewal.

Oct. 13

I

1934. week ending
Nov. 3
Hot. 10

Open-market rates

-

,22
3«08

-

.75
.75

2/.40

—

. 21

d

3.05

.21

-

3.38

3.13

1/ Average rate of discount on issues offered by XJ. S. Treasury within week,
2/ Wednesday figures.
RESERVE BANK CREDIT OUTSTANDING AND RELATED ITEMS
(Average of d-iily figures. In millions of dollars)
" .

j
Week ending
Nov. 10/1934
Bills discounted.
11
Bills bought................
6
United States securities.. ..
2,430
Other Reserve bank credit...
12

Change from week ending
Nov. 11, 1933
Ea't. 3. 1934
- 102
2
—
9
42
4- 2

Total Reserve bank credit...
Monetary gold stock *
Treasury and national bank
cur rency..................

2,459
8,009

4- 2
+ 7

- Ill
+3,973

2,444

+10

+

Money in circulation *
Member bank reserve balances
Treasury cash and deposits
with F. R. Banks
Nonmember deposits and other
F# R, accounts

5,506
4,044

4-36
4-40

+ 111
4-1,441

2,952

-63

4-2,594

410

+ 6

-

169

115

* Exclusive of $287,000,000 gold coin reported as in circulation prior to January
31, 1934.