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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 - 10U
October J , 1931

MONEY RATES—OPEN-MARKET RATES IN NEW YORK CITY
Open-market rates
Prevailing rate on:
Commercial paper (prime, 4 to 6
months)
Bankers 1 acceptances (prime 90
days)
Time loans (stock exchange, 90
days) ..
Average rate on call loans
(Stock exchange):
New
Renewal
Average yield on:
U, S. Treasury notes and certificates (3 to 6 months) ..........
U. S. Treasury bonds (3 long-term
issues)

1911
August

September

2

2

2

7/8-ii
ii - 2

1930
September

July

3

ii - it

17/8

7/8

7/&
ii - ii

1.50
1.50

1.50
1.50

1,50
1.50

I/.45

.42

.41

3.4O

3.34

3.32

2^ - 24

2.17
2.19

1/

1.77
3.37

l/ Change of issue on which yield is computed.
RESERVE BANK CREDIT OUTSTANDING AND FACTORS IN CHANGES
(Averages of daily figures* In millions of dollars)
Change from
September
Sept. 1910
Aug. 1A11
Bills discounted
Bills bought
United States securities .
Other reserve bank credit

280
259
736
3S

+ 58
tl2S
+ 24
T 1

18
+139
+

4

TOTAL RESERVE BANK CREDIT ..
Monetary gold stock
Treasury currency—adjusted

1.313
4,948

+206

1,768

+i

+444
T 17

Money in circulation
Member bank reserve balances
Nonmembor deposits
Unexpended capital funds ....

5.133
2.333

+186
-13

+64o
T 64

+ 11

+172

•7

•7 24




$

2

1

+297