View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

F o r m F. R.

511

TO

o

FROM
REMARKS:

1/16/46

These papers were used in connection with
conference Chairman Eccles had with
President Truman at 10:00 o1clock today.
After presenting the chart and figures
in the attached statement, the question
of increasing margin to 100$ was discuss— the President said he saw no reason
y the Board shouldn't take action
promptly.

CHAIRMAN'S OFFICE



©

Total Market Value of Listed Stocks
New York Stock Exchange
February 28, 1937 (Pre-war high)
December 31, 1939
April 30, 1942 (Low)
January 15, 1945
December 31, 1945
January 15, 1946

$62-1/2
$46-1/2
^$31-1/2
^ $57
$73
y^ $77

billions
billions
billions
billions (est.)
billions (est.)
billions (est.)

Volume of Trading
New York Stock Exchange
(including odd lots)
1937 (Pre-war high)
1939
1942 (Low)
1945 ;




610 million
370 million
170 million
490 'million

shares
shares
shares
shares

$18-1/2 billions
$10
billions
$ 3-1/2 billions
$13-1/4 billions

STOCK MARKET CREDIT
PER CENT

END OF MONTH BASIS

(1935-39 BASE)

MILLIONS OF DOLLARS

160

/

h
80

I•

Af
>

c

II

A4 K

4

1

2000

>TOCK KKIGtb

I
/•

.

2500

SCALE

h i I

1/

1500

r

1

40

I
\

J

4

V

^
cusTO^/IERS'
n DEBIT BALANCE: s

1000

A.

500

0
CUSTOMER LOANS
,

(101 CITIES)
•CALC

_

1
1932



1934

1936

1938

1940

1942

1944

1946