New York, Dec. 2.
The Board of Governors of the Federal Reserve System, in their report for the week ended November 30, respecting the entire body of reporting member banks of the system, reveal no change on bills bought as compared with the previous week, but a decrease of $2,000,000 from the corresponding period of last year.
United States Securities held showed no change from both last week and the corresponding period last year, while the Federal Reserve ratio gained 0.1 per cent. over the previous week and 3.6 per cent. over the corresponding period of last year.
Credit outstanding to the Federal Reserve, as compared with last week and the corresponding period of last year, showed a decrease of $3,000,000 and $19,000,000 respectively. Monetary gold stocks were higher by $72,000,000 over the previous week and by $1,538,000,000 over the corresponding period of last year.
Industrial Advances by the Federal Reserve declined by $2,643,000 from the corresponding period of last year, but showed an increase of $622000 over last week.
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 83.6 per cent.
Credit outstanding to the Federal Reserve amounted tò $2,584,000,000; monetary gold stocks $14,312,000,000 id industrial advances $15,812,000.—
Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.