New York, May 11.
The Board of Governors of the Federal Reserve System, in their report for the week ended May 10, respecting the entire body of reporting member banks of the System, revealed no change on bills bought as compared with the previous week and íhe corresponding period of last year.
United States securities held also were unchanged from both last week end the same week in 1938, while Federal Reserve Ratio was higher by 01 per cent. over last week and by 28 per cent. compared with the corresponding week last year.
Federal Reserve bank credit, as compared with last week and_the corresponding period in 1938, revealed an increase of $3,000,000 and a decrease of $14,000,000, respectively.
Monetary gold stocks were higher by $55,000,000 over those of last week and by $2,976,000,000 compared with the same period last year.
Industrial advances by the Federal Reserve declined by $1,000 from the preceding week and by $3,611,000 from the corresponding week in 1938.
During the period under review bills bought totalled $1,000,000; U.S. securities held $2,504,000,000; and the Federal Reserve ratio was placed at 853 per cent, Federal Reserve bank credit 3 (a) Leader of the Kiangsi Party and General in the amounted to $2,575,000,000; monetary gold stocks $15,856,000,000 and in-Gustrial advances $12,810,000—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.