New York, Jan. 17.
The Board of Governors of the Federal Reserve System, in their report for the. week ended January 17 respecting the entire body of re-spore porting member banks of the system, revealed a decrease of total loans amounting to $31,000,000 compared with the previous week and an increase of $156,000,000 over the corresponding period last year.
Investments showed a gain of $115,- Ble 000,000 over the previous week, but dropped by $1,620,000,000 compared with the same period in 1937.
During the period under review total loans totalled $9.195,000,000 and investments $12,138,000,000.—Reuter INTEREST allowed on Current Accounts and on Fixed Deposits according to arrangement.
Credits granted on approved se-
H. R. C. BOOTH. Manager
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