THE MONEY MARKET

Dominion, Volume 33, Issue 176, 20 April 1940, Page 14

THE MONEY MARKET

Bank Of England Return RESERVE, STRENGTHENED (By TelegrapU.—Press Assn.—Copyright.) LONDON. April 18. 'flic Bank of England return for the week ended April 17 is as follows :— Issue Department.

Notes issued: ~ In circu- Govt, debt 11,000.001) lation 537,44)0,000 Other Govt. 505,500.000 In bank- Other ing dept. +2.800,000 securities 3,000,000 Silver coin 500,000 * £ 560.000,000 Gold coin ,t bullion 200,000 £ 580,200,000 £ 380,200,000 * Amount of fiduciary issue. • Banking Department. Capital 14,500.000 £ Best 3,100.000 Govt. Deposits:' securities 129.400.000 Public 28.700,000 Disets., Bankers 113,000.003 advances 4,000.000 Other Other a/cs. 39,700.000 securities 23,000,000 Notes «fc coin 43,700,000 £201,000.000 £ 201,000,000 Proportion of reserve to liabilities, 23.82 per cent., compared with 22.07 per cent. last week. The principal items of the above return compare as follows with those of last week:— April 10. April 17. Deposits: £ ’ £ Public 22.900.000 28.700,000 Bankers 123,900,000 115,000,000 Other accounts .. 42,000,000 39,700,000 £189,400.000 £183.400.000 -Securities: Government .... 137,200,000 129.400,00 Discts., advances 5,500.000 4,DUO,000 Other securities 22,500,000 23,000,000 Reserve 41,800,000 43,700.001) Note circulation .. 539,490,001) 537,400,000 Gold coin & bullion 200,000 200.000 LONDON, April 18. 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 April 11 as follows: — Apr. 11 Apr. 18. p.c. p.e. . Day to day loans 5 5 Fine trade bills (3 nios.) 24 too 2i to 3 Bank bills (3 mos.) .... 11-16 11-16 Bank bills (6 mos.) .... 11-8 11-8 Treasury bills (2 mos.) 1 1 Treasury bills (3 mos.) 1 1 NEW YORK. April 18. Call money is unchanged at 1 per cent.