Changes in discount rates during calendar year 1915—Continued. PAPER MATURING AFTER 30 BUT WITHIN 60 DAYS. La force Jan. 1, 1916. 1 7 8 14 21 22 23 27 28 2 3 AGRICULTURAL AND LIVE STOCK PAPER MATURING AFTER 90 DAYS. 4 Changes in discount rates during calendar year 1915-Continued. TRADE ACCEPTANCES MATURING WITHIN 90 DAYS. 1 Rate for trade acceptances maturing within 60 days. * Rate for trade acceptances after 60 but within 90 days. A rate of 2 to 4 per cent for bills with or without member bank's indorsement made effective December 27, 1915. A rate of 31 to 4 per cent for trade acceptances, bought in the open market without member banks' indorsement was made effective in the New Orleans district on December 16. 1 Rate for commodity paper maturing within 90 days. 23 per cent for commodity paper maturing within 30 days; 4 per cent for commodity paper maturing after 30 but within 60 days; 44 per cent for commodity paper maturing after 60 but within 90 days; 5 per cent for commodity paper maturing after 90 days. NOTE.-Rate for bankers' acceptances, 2-4 per cent. On March 10 the Federal Reserve Board fixed the following rates for rediscounts between Federal Reserve Banks: 3 per cent for paper maturing within 30 days; 4 per cent for paper maturing after 30 but within 90 days. Exhibit B.-FEDERAL RESERVE NOTES. Federal Reserve notes received from the Comptroller of the Currency, issued to each Federal Reserve Bank and in actual circulation, gold and lawful money, also paper, held by each Federal Reserve Agent, and amounts of Federal Reserve notes held and amounts carried to net assets and liabilities by each Federal Reserve Bank on the last Friday in each month from Nov., 1914, to Dec. 30, 1915. |