New York, July 9.
The Board of Governors of the Federal Re: tem, in their ort for ended July 9 respecting the entire body of reporting member banks of the system, reveals no change in bills bought as compared with the previous week, but a de-areas of $2,000,000 from the corresponding period, st year, United States securities held showed change' from both last week and the corresponding period last year, while the Federal Resetve Ratlo nined 0,1 per cent, over the previous week and 48 per cent, over the corresponding period fast year, Credit outstanding to the Federal Reserve, as compared with last week and the corresponding period last thowed a loss of $1,000,000 in both' instances; Monetary gold stocks were higher by $10,000,000 from_the previous week and' by $1,499,000,000 from the corresponding period last year, clined by $288,000,000 from. the previous week, and by §1,325,- (000,000 from the corresponding period ast year, Bills bought during the period under review totalled $3,000,000; U.S. securities held $2,490,000, while the Federal Reserve Ratio was placed at} 70 por cent, Credit outstanding to the Federal Reserve amounted to §2,472,000,000; monetary gold stocks $10,023,000,000 and industrial advances $20,500,-
Loans on security to brokers in' New York by the reporting member banks of the Federal Reserve System for the week ended July 8 totalled '$060,000,000 an increase of $77,000,- 000 over the corresponding week last brokers during the previous wesk otated, $,004000,00 HioooB00 higher tnsn the "meant Fecorded for the period under review.
Text read from the printed page and cleaned; old type leaves the occasional error.