1. Money and the Markets.
- Subjects
MONEY market ,BANKING industry ,CORPORATE bonds ,AUTOMOBILE industry ,INDUSTRIAL productivity ,ELECTRIC power production - Abstract
The article reports the condition of the money market in the U.S. as of May 1937. American banks get over the May 1 struggle in reserve requirement which resulted to a surplus funds of more than 800 million U.S. dollars. The market received the 25 million U.S. dollar-offering of the Federal Home Loan Bank and that corporate bond issues are settled. In the domestic sector, the automobile industry posed an increase in production as well as electric power production.
- Published
- 1937