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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 252.09-0.3%3:59 PM EST
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To: Pravin Kamdar who wrote (30223)3/4/2001 6:09:16 PM
From: FJBRead Replies (1) of 275872
 
Hi Pravin, I did a Google search for "Broker Call Rate" and apparently it is published daily in Section C of the Wall Street Journal as the "call money rate". I have an online subscription to the WSJ and am having trouble finding the number. Will let you know if I find it.

What is its significance?

Bob

Edit: I found something called Call Money:

CALL MONEY: 7.25% (effective 02/01/01). The charge on loans to brokers on stock exchange collateral. Source: Reuters.

It seems dated. How should I interpret the number?

Edit2: Found an explanation:
wachovia.com


Margin Account Interest Rates 

 If your margin account balance is Your rate* is 

 Up to $24,999         Broker Call + 2% 
 $25,000 to $49,999    Broker Call + 1% 
 $50,000 or more       Broker Call + 0.5%
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