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F E D E R A L

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R E S E R V E

•

B O A R D
R&S-301
October 30, 1934

MONEY RATES—OPEN-MARKET RATES IN NEW YORK CITY
(Weekly quotation)
Open-market rates
Prevailing rate on:
Commercial paper (prime, 4
to 6 months).............
Bankers1 acceptances (prime
90 days)».»«••«•••«•..,.«
Time loans (stock exchange,
90 days)..............
Average rate on call loans
(Stock Exchange):
New
Renewal...............

Oct. 27

1933
Oct. 23

1934, week ending
Sept. 29
Oct. 20

1 1/4

3/4 - 1

3/4 - 1

3/4-1

1/8 - 3/16

3/16

3/16

3/4 - 1

3/4 - 1

3/4 - 1

5/8 - 3/4

1.00
1.00

.75
.75

1.00
1.00

1.00
1.00

1/4

Average yield on:
U. S. Treasury bills 1/
91-day "bills..
TJ .22
182-day bills
.19
.20
rJ .28
U. S, Treasury bonds (9
issues) 2/.
3.2^
3.23
3.03
2.99
r/Revised
~~
l]Average rate of discount on issues offered "by U. S. Treasury within week.
2/Wednesday figures.
-RESERVE BANK CREDIT OUTSTANDING- AND RELATED ITEMS
(Average of daily figures. In millions of dollars)
Change from week ending
Oct. 28, 1933
Oct. 20. 1934
- 105
- 1
+
33
1
- 4

Week ending
Oct. 27,1934
Bills discounted.............
11
Bills bought.
6
United States securities.....
2,430
Other Reserve bank credit....
9
Total Reserve bank credit....
Monetary gold stock
.
Treasury and national bank
currency.

2,456
7,994
2,426

'

- 5
+ 5

74
+3,958

+14

+

149

+ 115
Money in circulation *
5,455
-29
+1,322
Member bank reserve balances.
3,985
4-22
Treasury cash and deposits
+2,715
with 3P. R. Banks
3,030
+30
Nonmember deposits and other
- 119
F. R. accounts,.............
406
-10
•Exclusive of $287,000,000 gold coin reported as in circulation prior to January
31, 1934.