THE MONEY MARKET

Dominion, Volume 32, Issue 72, 17 December 1938, Page 14

THE MONEY MARKET

Bank Of England Return

NOTE CIRCULATION RISING By Telegraph.—Press Asen.—Copyright. LONDON, December 15. The Bank of England return for the week ended December 1-1 is as follows: — Issue Department. £ Notes issued: Govt, debt 11,600,000 in circu- other Govt. hition -195,309.000 securities 218,400,000 In banking Other seeudeut. 61,100,000 rilles 100.000 Silver coin 200,000 *£230,000,000 Gold coin & bullion 326,400.000 £356,400,000 £350.400,000 •Amount of fiduciary issue. Bunking Department. £ £ Capital .. 11,500,000 Govt, secu- ' iltieri . 68,300,000 Host ... 3,300,000 Dischs., adDeposits: vances . 16,800,000 Public . 15,600,000 Other secuBnnkers . 99,000,000 Titles .... 21.700,000 Other acs. 36,000.000 Notes and coin ..... 62,200,000 £160,000,000 £169,000,000 Proportion of reserve to liabilities. 41.12 per cent., compared with 44.35 per eent, last week. The principal items of the above return compare as follows with those of last

Bank and .Market Rates. LONDON. December 15. The Bank of England rate of discount is 2 per cent., to which it was reduced from per cent, on June 30, 1932. Discount and short-loan interest rates are quoted as follows: Day-to-day loans, J per cent.; line trade bills, three months, 2j to 3 per cent.; bank bills, three months 15-16 per cent., six months 15-16 per cent.; Treasury bills, two months 15-16 per cent., three mouths 15-16 per cent. i NEW YORK. December 15. Call money is quoted unchanged at 1 per cent.

week: — Dee. 7. Dec. 14. Deposits: £ £ Public 18.GCO.COO 15,600,000 Bankers 102,900,000 90,600,000 Other accounts . 36,000.000 36,000,000 £ 157,509,000 £151,200,000 Securities: Government GO, 100,000 GS,300,000 Discts., advances 17,900,000 16,800,000 Other securities . 21,500.000 21.700,000 .Reserve 69,800,00(1 62,200,000 Note circulation .. 487,800,000 41*5,300,000 Gold coin & bullion 820.400,000 320,100,000