THE MONEY MARKET

Dominion, Volume 33, Issue 283, 24 August 1940, Page 14

THE MONEY MARKET

Bank Of England Return RESERVE IMPROVES (Bv Telegraph—Press Assn.—Copyright.) LONDON. August 22. The Bank of England return for the week ended August 21 is ns follows:— Issue Department.

Bunk and Market Rates. LONDON, August 22. J.’he Bank of England rate of di«-ount is unchanged at 2 per cent. Discount and short loan rates on the London market compare with those of Aligns! 15. ns follows:—

Notes issued: Govt. debt 11.000,000 In circulation In bank- • ing dept Other Govt. 609,60(t,»XM) securities 615,700,000 Other secu20,600.00,1 rities 2,800.000 Silver coin 500,000 • a: 630.000,000 Guld coin it bullion 200,000 £ 630,200.000 £ 630,200.000 ’Amount of liduciary issue. Banking Department. Capita) 14,500,000 Govt. secullest. 3.500.000 rities 151,Soo.0W 7 ►nposits: Disets., adPnblic 11.500,000 vances .8.900.000 Bankers 123,400.000 OthersecuOt her a Zes 48.700.000 rities 22,400,000 .Votes and coin 21.500.000 £ 204,600,000 £204.600.000 Proportion of reserve to liabilities. 11.56 per cent., compared with 9.23 per cent, last week. Tiie principal items of the above return compare as follows with those of last week:— August 14. August 21. Deposits: £ £ Public 30.7O0.0lK) U.500.(H)<) Bankers Other act 107.600JXX) 123.400.000 on nis .. 48.800,000 48,700,000 £ 1ST. 100.000 £ 186,600,000 Secnritiet: Government I61.700.0u0 151.800.000 Dlscts., advances . 5.400.000 8.900.0U0 Other securities . 20,800,000 22.400.000 Reserve 17.200.000 21.500 000 Note circulation . 613.900.000 t:iHi.60o.OM) Gold coin & bullion 200.000 200.000

Aug. 15. Aug. 22. P-C. p.c. Day to day loans .. ? 3 Eiue trade bills (3 mos.) 24 tori 24 to 8 Banis hills <3 mos.) 1 1-lti 11-18 Bank bills Hi mos.) 1} Treasury bills (2 mos.) 1 i Treasury ' bills (3 mos.) 1 i NEW YORK, Aug list 22. Call money is unchanged ai I per cent.