New York, June 9.
The Board of Governors of the Federal Reserve System, in their report for the week ended June 8. respecting the entire body of reporting member banks of the system, reveal no charge on bills bought compared with the previous week, but show a decrease of $5,000,000 compared with the corresponding period of last year.
United States Securities held showed no change compared with last "week, but registered an increase of $38,000,000 compared with the corresponding period of last year, while the Federal Reserve ratio gained 0.1 pei cent, over the previous week and 2.9 per cent. over the corresponding period of last year.
Credit outstanding to the Federal Reserve declined by $11,000,000 compared with last week, but showed an advance of $9,000000 compared with the corresponding period of last year. Monetary gold stocks were higher by $22,000,000 from the previous week and by $822,000,000 compared with the same period of last year.
Industrial advances by the Federal Reserve advanced by $14,000 from the previous week, but showed a decrease of $5,464,000 as 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 825 per cent.
Credit outstanding to the Federal Reserve amounted to $2,582,000,000 monetary gold stocks $12,940,000,000 and industrial advances $16,732,000.—
Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.