THE MONEY MARKET

Dominion, Volume 29, Issue 202, 23 May 1936, Page 12

THE MONEY MARKET

Bank of England Return GOLD HOLDING RISING London, May 21. The Bank of England return for the week ended -May 20 is as follows:—

Bank nnd Market Rates. The Bank of England rate of discount is 2 per cent., to which it was reduced from 2J per cent, on .lune 20, 1932. Discount, and short-loan interest rates are- Dav-to-dnv loans. 3-8 per cent.; fine trade bills, three months. 2 to 2J per cent ■ bank bills, three months, 9-lC> per cent.; bank bills, six months. 5-8 per cent..; Treasury bills, two months, 4 per cent.; Treasury bills, three months, 1 per ' ' ' New York. May 20. Call money is quoted at 1 per cent.

Issue Department. £ £ Notes issued. Govt, debt 11,000,WO I' 1 eireu- Other Govt lation 423,100,000 securities 24<.800,000 1,1 hank- Other seIng dept. 1-2.300.000 curdles ••W.0W Silver coin JKIU.OUU * E 200,000, WO Gohl ooin & bullion 205.400,000 £ 465.400.000 42 465,400.000 ‘Amount of fiduciary issue. Banking Department. c-anital 14.500.000 Govt, sccui;est 3.200,000 rities 91,200,000 Deposits: Disets., ad- . Public 21.000.000 vances <,100.000 Bankers S0.1O0.000 Other se- . Other a/es 36,800,000 vitrifies 14,..00,000 Notes and coin 43.000.000 £ 155,000,000 ■-155,000.000 Proportion of reserve Io liabilities. 31.23 per cent., compared with 30.18 per cent. '"’Pho principal items of the above return crmparc as follow with those of last " cek:— May 13. May 20. 13.4003100 21.00(7.000 Bankers S3.200.<XMI SO.IW.OOO Other accounts .. 37,000.000 30.800,000 £133,600,000 £137,900,000 Government. .... 89.900.000 Discts., advances . 8.800.000 <.100.000 Other securities .. 12.300.000 Tteserve 40.300.000 4.3.000.000 Note circulation .. 424.800.000 423.100.000 Gold coin & bullion 204,300,000 205,400,000