THE MONEY MARKET

Dominion, Volume 33, Issue 105, 27 January 1940, Page 14

THE MONEY MARKET

Bank Of England Return INCREASE IN RESERVE Note Circulation Lower By Telegraph. — Press Assn.—Copyright LONDON'. January 25. The Hank of England return for the week ended .hinuary 21, is as follows:— Inane Department.

LONDON. January 25. The Bank of England rate of discount is unchanged at 2 per cent. Discount and short-loan rates on the London market compare with those of January IS as follows: —

Noles issued: Govt, debt 11,000,030 In cirrnla- Other Govt. tion 522IO.*RM 1 securities 5Bf.000.IMH) In banking Other sccndept ■»7.4OO.O(»O pities 4,500,000 Silver coin 500,000 ■ *£5S0,000,000 (Jold coin & bullion 200,000 £ £ 5S0.200.000 •Amount of fiduciary issue Banking Department. £ £ Capital I l,.ji)u.O(«i Govt, seenRost .. . 3,500,000 rities 112,300,000 Deposits: Disets, adpublic jil.Tuu.iwo vances 3.200,000 Bankers So,100,000 Other seenOther nes 13,000,000 rities 24,100,000 No tee; and coin 58,200,000 £19",soo,one £197,800,000 Proportion of reserve to liabilities, 32,37 per cent., compared with 29.5.> per cent. last week. Tile principal items of the above return compare as follows with those of last week: — Jan. 17. Jan. 24. Deposits: £ & Pu.blic .. 37,200,000 5(1,700,000 Bankers 102.500,000 SO.10(1,001) Other accounts . 41,700,000 43,000,OOo £181,400,000 £179,800,000 Seen ri lies: Government .... 117.200.fflW 112,300.000 Dischs., advances 3.800,000 3.200,000 Otiier (securities . 24,700,0110 24,100,000 Rpsorvn ... 53,000,000 58,200,000 Note circulation .. 527,400,000 522.S00.fflW Gold coin & bullion 200,000 200,000

Jan. 18. Jan. 25. p.v. p.c. Day to day loans ... 1 1 Fine trade bills (3 mos.) 21 to < 1 21 to 3 Bank kills (3 mos.) . 11 1 1-16 Bank bills (6 mos.) . ii 11 Treasury bills (2 mos.) 11-16 1 Treasury bills (3 mos.) 1 1-16 11-16 NEW YORK, January 25. Call money is unchanged at 1 per cent.