New York, Oct. 27.
The Board of Governors of the Federal Reserve System, in their report for, the week ended October 26, respecting the entire body of reporting member banks of the System, revealed no change on bills bought compared with the previous week, but a decrease of $2,000,000 from the corresponding period last year.
United States Securities held showed no change from last week and an increase of $38,000,000 over the same week in 1937, while the Federal Reserve ratio gained 0.1 per cent, over last week and 3.0 per cent. over the corresponding period last New York, Oct. 27.
Loans on security to brokers in New York by the reporting member banks of the System for the week ended October 26 totalled $571,000,-
000, showing a decrease of $208,000,- 000 from the corresponding period last year.
Loans to brokers during the previous week amounted to $532,000,000, or $39,000,000 less than the amount recorded during the period under review.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.