THE MONEY MARKET

Dominion, Volume 34, Issue 27, 26 October 1940, Page 14

THE MONEY MARKET

Bank Of England Return NOTE CIRCULATION LOWER (By Telegraph—Press Assn.—Copyright.) I.ON DON. October 2-4. The Bank of England for the U’la-k ended October 23 is as follows: — Issue Department.

Bank and Market Rates. LONDON, October 24. I'be Bank ol England rate of discount is unchanged at. 2 per cent. Discount and short loan rates on the London market compare with those of October 17. as follows: —

Oct. 17. Oct. 24. p.c. p.c. Day io day loans ... 3 Fine trade bills (3 mos.) 2i to 3 24 to o Bank bills (3 mos.) 1 1-10 1 1-16 Bank bills (0 mos.) 1} li Treasury bills (2 mos.) 1 1 Treasury bills (3 mos.) 1 I NEW YORK. October 24. Call money is unchanged ar 1 per cent.

e £ Nates issued: Govt, debt 11,000,000 1 n eireil Other Govt. la t ion •593.200,000 securities 615,800.000 Jn bank- Other aeing Hppt. 37,<KHM«M> cnrities 3,200,000 Silver coin — £ G30.uu0.000 Gold coin & bullion 200,000 £ tV10.200.O0u £ 630,200.000 ’'Amount of fiduciary' issue. Banking Department. Capital .. l-l.500.00o Govt, seenlle.st .. 3,100,900 rities 137.300,000 Deposits: Disets.. adPublic* 23.700.00U vancos 2.800,000 Banker*- IO5.100,OM Other seOilier a.:s, 52.460.000 entities 21,200.000 Xoles and coin 37,500,000 £ 198.SIKl.00u .£ 198,800,000 I'ruportinn of reserve to liabilities, 20.68 per coni., compared with 18.18 per cent. last week. The principal items ol the above return compare as follow* with those oT last week: — Get. 16. Oct. 23. Deposits: £ £ J’li'hli.- 19,900,000 23.700,000 Bankers 109.100, Ono 105,100,000 Other accounts .. 522100,000 52,400,000 £181,200,(MR) £ 181,200,000 Securities: Government ... 138,b00,00i) 137,300,000 Discts., advances 5,400,000 2,800,000 Other securities . 21.600.000 21,2<X1,000 Reserve 32,900,000 37.500,000 Note circulation .. 597,700,000 .>03.200,000 Gold coin & bullion 200,000 200,000