Call loan rate

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Call loan rate

Call Loan Rate

The interest rate at which brokers make loans to clients in order to finance margin accounts. The call loan rate may be changed on a daily basis, and the call loans themselves may be canceled on 24 hours' notice. See also: Broker loan rate.
References in periodicals archive ?
Table 3 illustrates one link between call loan rates and aggregate NYC bank clearinghouse deposits and reserves.
The spring and fall peaks in bond trading volumes also correspond to seasonal peaks in call loan rates.
Railroad bond prices appear to bottom during the week of November 23, 1907, in contrast to the reversal in call loan rates that started the week of October 26, 1907 (as noted above and shown in Table 3.
5 TO 3 This table gives the aggregate reserves, required reserves and excess reserves of the New York City Clearing House banks, along with the range in call loan rates for the week.
The weighted average of unsecured overnight call loan rates dropped to zero for the first time in the Tokyo market Monday, money traders said.
5% and steering the weighted average of overnight unsecured call loan rates to around 0.
The bankers acceptance and call loan rates, however, did not have statistically significant seasonal patterns.
Comparison of the two figures shows that the increase in the seasonal amplitude of the call loan rate during the Depression was small relative to the decline in amplitude in 1914.
36) The call loan rate did have a statistically significant seasonal pattern between January 1919 and December 1927.
37) The months in which the call loan rate reached seasonal peaks between 1929 and 1933 do not coincide with those between 1919 and 1928.
The BOJ has pegged the discount rate, which it charges commercial banks for loans, at the current level since September 1995, and since February has steered its target for unsecured overnight call loan rates to close to zero.