New York, June 1.
The Board of Governors of the Federal Reserve System, in their report for the week ended May 31, Tespecting the entire body of reporting member banks of the System, revealed no change on bills bought as. compared with the previous week and the corresponding period last year.
United States securities held also showed no change from both last week and the same week in 1938, while the Federal Reserve ratio was unchanged from the preceding week but increased 3.0 per cent. over that of a year ago, Federal Reserve bank credit, as compared with last week and the corresponding period last year, revealed decreases of $3,000,000 and $20,000,000, respectively.
Monetary gold stocks were higher by $29,000,000 over those of last week and' by $3,038,000,000 compared with the same week in 1938, Industrials advances by the Federal Reserve declined by $338,000 from. the preceding week and by $4,231,000 from the corresponding week in 1938, During the period under review bills bought totalled $1,000,000; U. S. Securities held $2,564,000,000, while the Federal Reserve ratio was placed at 85.4 per cent, Federal Reserve Bank credit was listed at $2,673,000,000; monetary gold stocks $15,956,000,000; and, industrial advances $12,487,000—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.