LOW RATE OF INTEREST.
LOANS IN UNITED STATES
WASHINGTON, Dec. 12.
The Treasury Department announces that 350 million dollars’ worth of 22 per cent, four-year Treasury notes has been over-subscribed nearly twenty times, while 250 million dollars’ worth of 3) per cent, one-year certificates has been over-subscribed sixteen times. As both are at the lowest rates of interest ever offered for such loans, the department expressed concern at the vast amount of funds which the banks are apparently reluctant to advance through ordinary credit channels for business, whereas over ten billion dollars are offered to the Government.
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https://paperspast.natlib.govt.nz/newspapers/MS19321213.2.70
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Manawatu Standard, Volume LIII, Issue 13, 13 December 1932, Page 7
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97LOW RATE OF INTEREST. Manawatu Standard, Volume LIII, Issue 13, 13 December 1932, Page 7
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