New York, Mar. 10. The Board of Governors of the Federal Reserve System, in their report for the week ended March 9, respecting the entire body of reporting member banks of the system. reveal no change on bills bought as compared with last week, but a decrease of $2,000,000 as compared with the corresponding week of last year.
United States Securities held showed no change from last week, but show an increase of $134,000,000 compared with' the corresponding period of last year, while the Federal Reserve ratio lost 0.2 per cent. from the previous week and was unchanged compared with the corresponding period of ear.
Credit, outstanding to the Federal Reserve, as compared with last week and the corresponding period of last year show increases of $31,000,000 and $140,000,000 respectively. Monetery gold stocks were higher by $1,000,000 from the previous week and by $1,284,000,000 from the corresponding period of last year.
Industrial advances by the Federal Reserve declined by $96,000 from the previous week and by $5,680,000 compared with the same period of last year.
Bills bought during the period under review totalled $1,000,000 U.S. Securities held $2,564,000,000, while the Federal Reserve Ratio was placed at 80.4 per cent, Credit outstanding to the Federal Reserve amounted to' $2,594,000,000 monetary gold stocks $12,768,000,000 and industrial advances $17,357,000.—
Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.