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FEDERAL

RESERVE

BOARD
R&S MR - 172
October 25, 1932

MONET RATES—OPffl-MARKET RATES IN NEW YORK CITY
Open-market r a t e s

Oct . 22

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
days) .
Time loans (Stock exchange, 90
days) , . . . . . . . . . . . . . . . . . . . . . . . .
Average r a t e on c a l l loans
(Stock exchange):
N e w

. e . . . . . . . . .

R e n e w a l . ,

e

s . * • • •

................

Average y i e l d on:
U . S . Treasury n o t e s and c e r t i f i c a t e s (3 to 6 months) . . . . . . . . . .
U. S. Treasury bonds (3 l o n g - t e r m
issues)

If - 2

i
5 - 1

1.00
1.00

1912
Oct. IS

1931
Oct. 24

S e n t . 24

if - 2

2 - 2i

3-1 - 4 |

-1

|

3i

4

f - li

li

3-3 - 4

2.00
2.00

1.50
1.50

2.50
2.50

2.21
3.54

3.54

3.81

3.53

RESERVE BANK CREDIT OUTSTANDING AMD FACTORS IN CHANGES
(Averages 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
Chance from week ending
Oct. 22. 1A12
Oct. 24. 1931
Oct. 15. 1A12
B i l l s discounted
United S t a t e s s e c u r i t i e s . . . . . . . . . . .
Other r e s e r v e "bank c r e d i t

318
34
1,851
26

- 13
0
0
+ 10

- 326
- 734
+1,123
29

TOTAL RESERVE BANK CREDIT . . . . . . . . . .
Monetary gold s t o c k
Treasury c u r r e n c y — a d j u s t e d

2,229
4,230
1,895

~ 3
+ 19
+ 20

+

26
109
125

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 . . . . . . .
Norma ember d e p o s i t s , e t c ,
Unexpended c a p i t a l f u n d s

5,64i
2,314
4i
358

- 22
+ 54
-r 2
+ 6

+
+
-

117
54
178
3




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