Returns New York, Jan. 12.
The Board of Governors of the Federal Reserve System, in their report for the week ended January 11, respecting 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 were unchanged from both last week and the same week in 1938, while the Federal Reserve ratio advanced by 0.1 per cent from a week ago and by 3.7 per cent from the same week last year.
Federal Reserve bank credit, compared with last week and the corresponding period last year, showed decreases of 812.000.000 and $7,000,000, gold stocks were higher by $12,000,000 over the preceding week and by $1,822,000,000 over the same week in 1938.
Industrial advances by the Federal Reserve advanced by $45,000 compared with last week, but decreased by $2,333,000 compared with the same period last year.
During the period under review bills bought were placed at $1,000,000; U. S. Securities held at $2,564,000,000, while the Federal Reserve ratio stood at 83.8 per cent.
Federal Reserve bank credit totalled $2,592,000,000; monetary gold stocks $14,577,000,000 and industrial advances $15,550,000.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.