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FEDERAL

RESERVE

-BOARD

MONEY RATES—OPEN-MARKET RATES IN NEW YORK CITY
(Weekly q u o t a t i o n )
Open-market r a t e s
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 ( s t o c k exchange,90
days
Average r a t e on c a l l loans
(Stock Exchange) :
New....
.

Sept. 22

R&S MR - 295
Sept. 25, 1934

1934. week ending*
Sept. 15
Aug. 25
i

1933
Sept. 23

3/4 - 1

3/4 - 1

3/4 - 1

1/8 - 1/4

1/8 - 1/4

1/8 - 1/4

3/4 - 1

3/4 - 1

3/4 - 1

1.00
1.00

1.00
1.00

1.00
1.00

1 1/4
1/4
5/8 - 3 / 4

.75
.75

Average y i e l d on:
U.S. Treasury "bills l /

.11
.23
.23
.28
182-day b i l l s , . . . . . . . . . . .
U.S. Treasury bonds
i
3.24
3.03
3.24
(9 i s s u e s ) 2 / . . . . . . . . . . . .
i
3.26
^ A v e r a g e r a t e of d i s c o u n t on i s s u e s sold by U. S. Treasury w i t h i n p e r i o d .
2/Wednesday f i g u r e s .
RESERVE BANK CREDIT OUTSTANDING- AND RELATED ITEMS
(Average of d a i l y f i g u r e s . In m i l l i o n s of d o l l a r s )

B i l l s discounted.
B i l l s bought
...
United S t a t e s s e c u r i t i e s
Other Reserve bank c r e d i t
Total Reserve bank c r e d i t . . . . . .
Monetary gold stock*
Treasury and n a t i o n a l bank
currency

Week ending
Sept.22.1934
22.
5
2,431
11

Change from week ending
Sept. 15. 1934 l Sept. 23. 1933
- 110
- 1
2
+ 208
1
— 2

2,469
7,972

- 4
+ 4

495
+3,932

2,412

— 2

4- 132

+
94
+ 3
Money in c i r c u l a t i o n ?
5,430
4-1,404
Member bank r e s e r v e b a l a n c e s . . .
-44
3,920
Treasury cash and d e p o s i t s with
4-2,751
+46
E. R. B a n k s . . . . . . . . . . . . . . . . . . .
3,080
Nonmember d e p o s i t s and o t h e r F.
90
- 7
R. a c c o u n t s .
423
* Exclusive of $287,000,000 gold coin r e p o r t e d as i n c i r c u l a t i o n p r i o r to January
31, 1934.