War borrowing

Bibliographic data

Monograph

Identifikator:: 101124439X

URN:: urn:nbn:de:zbw-retromon-21219

Document type:: Monograph

Author:: Hollander, Jacob H. http://d-nb.info/gnd/136924867

Title:: War borrowing

Place of publication:: New York

Publisher:: The Macmillan Company

Year of publication:: 1919

Scope:: 1 Online-Ressource (215 Seiten)

Digitisation:: 2018

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: The money market

Collection:: Economics Books

WAR BORROWING 150 Total Total Ratio Total Ratio Number bills war of war bills of war of banks dis- paper paper dis- paper discount- counted to counted to total ing during total on last bills on month bills Friday last of month Friday 1917 (millions) April 50.0 5.6 35-0 384 May 914 S.I 49-5 590 June 750.2 354-0 47.2 197.2 12.9 900 July 460.7 192.6 41.8 138.4 9.6 960 Aug. 220.8 30.4 13-8 147-3 10.7 990 Sept. 548.1 215.6 39-3 233-5 28.2 946 Oct. 2681.1 2262.4 84.4 397-0 52.6 1170 Nov. 3206.4 2585.6 80.6 756.3 66 1574 Dec. 892.2 238.8 26.8 680.7 43 1701 1918 Jan. 868.4 392.0 4S-i 627.6 So 1432 Feb. 762.4 399-1 52 509-5 53 1353 Mar. 759-1 307.6 40.S 583.2 52 1568 April 2178.4 1811.4 83.2 901.7 70.9 2100 May 3002.8 2517.0 83.8 33 896.4 62.8 2693 June 3161.9 2621.4 82.9 869.2 48.8 3021 July 3343-4 2469.4 73-9 1302.1 52.2 3462 Aug. 3762.3 3127.4 83.1 1428.1 62.7 3671 Sept. 4685.1 4079-6 87.1 I7I3-4 71.2 3464 Oct. 5903-9 5308.8 89.9 1546.1 70.9 3610 form. The Loan flotation months have witnessed the largest recourse to the Reserve Banks; the cer tificate borrowing months, a smaller but nevertheless considerable use thereof, and the interim months either an approximation to stability or outright re duction. The sequence has thus been as follows: During each period of anticipatory borrowing the number of discounting members has increased, the movement culminating in extraordinary resort to 35 84.8 in Federal Reserve Bulletin.

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