[Annual Report of the Treasurer of the United States for the Fiscal Year Ended June 30, 1920]
[From the U.S. Government Publishing Office, www.gpo.gov]
ANNUAL REPORT OF THE
Treasurer of the United States
FOR THE FISCAL YEAR
ENDED JUNE 30
1920
WASHINGTON
GOVERNMENT PRINTING OFFICE
1920
ANNUAL REPORT OF THE
Treasurer of the United States
FOR THE FISCAL YEAR ENDED JUNE 30
1920
WASHINGTON
GOVERNMENT PRINTING OFFICE
1920
Treasury Department
Document No. 2885
Treasurer of the United States
LIST OF TREASURERS OF THE UNITED STATES.
Name. Whence appointed. Date of commission. Expiration | of service. 1
1. Michael Hillegas Penns'Ivania July 29,1775 Sept. 11 1789
2. Samuel Meredith do Sept. 11,1789 Oct. 31 1801
3. Thomas T. Tucker South Carolina Dec. 1 1801 May 2 1828
4. William Clark Pennsylvania May 31 1829
5. John Campbell Virginia May 26 1829 July 20 1839
6. William Selden do July 22,1839 Nov. 23 1850
7. John Sloane Ohio Nov. 27,1850 Apr. 6,1852
8. Samuel Casey Kentucky Apr. 4,1853 Dec. 22 1859
9. William C. Price Missouri Feb. 28,1860 Mar. 21,1861
10. F. E. Spinner New Y ork Mar. 16,1861 June 30,1875
II. John C. New Indiana June 30, 1875
12. A. U. Wyman Wisconsin July 1 1876 June 30,1877
13. James Gilfillan Connecticut July 1,1877 Mar. 31,1883
14. A. U. Wyman Wisconsin Apr. 1,1883 Apr. 30,1885
15. Conrad N. Jordan New Y ork Mav 1,1885 May 23,1887
16. James W. Hyatt Connecticut May 24,1887 May 10,1889
17. J. N. Huston Indiana May 11,1889 Apr. 24,1891
18. Enos H. Nebeker do Apr. 25,1891 May 31,1893
19. Daniel N. Morgan Connecticut June 1,1893
20. Ellis H. Roberts New York July 1,1897
21. Charles H. Treat do July 1,1905 Oct. 30,1909
22. Lee McClung Tennessee Nov. 1,1909 Nov. 21,1912
23: Carmi A. Thompson Ohio Nov. 22,1912 Mar. 31,1913
24. John Burke North Dakota 1 Apr. 1,1913
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CONTENTS.
REPORT.
Receipts and disbursements for 1919 and 1920..............................
Panama Canal..............................................................
Extraordinary disbursements...............................................
Receipts and disbursements on account of the Post Office Department.......
Transactions in the public debt...........................................
Net earnings derived from Federal reserve banks...........................
Payment of obligations of foreign Governments.............................
Currency issued and redeemed..............................................
Public debt 1919 and 1920.................................................
Payment of interest on registered bonds of the United States....:.........
Reserve and trust funds...;...............................................
Redemption of notes in gold...............................................
State of the Treasury, general fund—cash in the vaults....................
Net available cash balance, 1910 to 1920..................................
Gold in Treasury from 1910................................................
Bonds held as security for bank circulation and deposits..................
Bonds held as security for postal savings funds...........................
Postal savings bonds and investments therein..............................
Withdrawal of bonds to secure circulation.................................
Depositaries of the United States.........................................
Public moneys in depositary banks.........................................
Interest on public moneys held in depositary banks........................
Gold settlement fund......................................................
Monetary stock, 1919 and 1920.............................................
Ratio of gold to total stock of money.....................................
Money in circulation......................................................
Circulation and population................................................
Paper currency issued directly by the Government..........................
United States notes.......................................................
Treasury notes of 1890....................................................
Gold certificates.........................................................
Silver certificates.......................................................
Changes in denominations during fiscal year 1920.,........................
Pieces of United States paper currency outstanding........................
Cost of paper currency....................................................
Average life of paper currency............................................
Paper currency prepared for issue and amount issued.......................
Paper currency held in the reserve vault..................................
Paper currency redeemed...................................................
Standard silver dollars...................................................
Subsidiary silver coin....................................................
Minor coin................................................................
Transfers for deposit in New York—money for moving the crops, etc.........
Deposits of gold bullion at mints and assay offices, 1918, 1919, and 1920.
Shipments of currency from Washington, 1919 and 1920......................
Recoinage. 1919 and 1920..................................................
Redemption of Federal reserve and national currency.......................
Special trust funds and changes therein during the fiscal year............
District of Columbia sinking fund.........................................
General account of the Treasurer of the United States.....................
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APPENDIX.
No. 1.—Assets and liabilities of the Treasury offices, June 30, 1920................ 52
No. 2.—Assets of the Treasury in the custody of mints and assay offices, June 30,1920............................................................................ 53
No. 3.—General distribution of the assets and liabilities of the Treasury, June 30, 1920....................................................................... 53
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CONTENTS.
Page.
No. 4.—Available assets and net liabilities of the Treasury at the close of June, 1919 and 1920..................................................... 55
No. 5.—Assets and liabilities of the Treasury in excess of certificates and Treasury notes at the close of June, 1919 and 1920.......................... 56
No. 6.-—Distribution of the General Treasury balance, June 30, 1920......... 56
No. 7.—Receipts and disbursements for service of the Post Office Department for the fiscal year 1920.................................................... 56
No. 8.—Amount of interest collected on balances of public moneys held in depositaries of the United States from May 30,1908, to June 30,1920. 57
No. 9.—Estimated stock of gold coin and bullion, the amount in the Treasury, and the amount in circulation at the end of each month, from January, 1915.................................................................. 57
No. 10.—Estimated stock of silver coin, the amount in the Treasury, and the amount in circulation at the end of each month, from January, 1915. Also silver, other than stock, held in the Treasury......................... 61
No. 11.—United States notes, Treasury notes, Federal reserve notes, and national-bank notes outstanding, in the Treasury, and in circulation at the end of each month, from January, 1915................................ 65
No. 12.—Gold certificates and silver certificates outstanding, in the Treasury, and in circulation at the end of each month, from January, 1915... 69
No. 13.—Estimated stock of all kinds of money at the end of each month, from January, 1914............................................................... 74
No. 14.—Estimated amount of all kinds of money in circulation at the end of each month, from January, 1914.............................................. 75
No. 15.—Assets of the Treasury other than gold, silver, notes, and certificates at the end of each month, from January, 1914................................ 76
No. 16.—Assets of the Treasury at the end of each month, from January, 1914.. 77
No. 17.—Liabilities of the Treasury at the end of each month, from January, 1914....................................... ............... 78
No. 18.—United States notes of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1913........................ 79
No. 19.—Treasury notes of 1890 of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1914..................... 81
No. 20.—-Gold certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1915....................... 82
No. 21.—Silver certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1915.... 1.................. 83
No. 22.—Amount of United States notes, Treasury notes, gold and silver certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1913................................. 84
No. 23.—Old demand notes of each denomination issued, redeemed, and outstanding June 30, 1920...................................................... 86
No. 24.—Fractional currency of each denomination issued, redeemed, and outstanding June 30, 1920................................................... 86
No. 25.—Compound-interest notes of each denomination issued, redeemed, and outstanding June 30, 1920............................................... 86
No. 26.—One and two year notes of each denomination issued, redeemed, and outstanding June 30, 1920................................................... 86
No. 27.—United States paper currency of each class, together with one and two year notes and compound-interest notes issued, redeemed, and outstanding June 30, 1920............................................... 87
No. 28.—United States notes and Treasury notes redeemed in gold, from 1879, and imports and exports of gold during each fiscal year, from 1901.. 87
No. 29.—Treasury notes of 1890 retired by redemption in silver dollars, and outstanding, together with the silver in the Treasury purchased by such notes, for each month, from January, 1914........................... 88
No. 30.—Transactions between the Subtreasury and clearing house in New
York during each month, from January, 1914..................... 89
No. 31.—Balance in the Treasury, amount in Treasury offices, and amount in depositary banks, from 1789 to 1920..................................... 90
No. 32.—Federal reserve and national banks designated depositaries of public moneys, with the balance held June 30, 1920................................. 92
No. 33.—Number of banks with semiannual duty levied, by fiscal years, and number of depositaries with bonds as security, by fiscal years........... 101
No. 34.—United Stites bonds retired, from May, 1869, to June 30, 1920...... 101
No. 35.—Seven thirty notesissued, redeemed, and outstanding June 30, 1920.. 102
TP
CONTENTS.
7
No. 36.—Refunding certificates, act of February 26, 1879, issued, redeemed, and outstanding. June 30, 1920....................................- - ■
No. 37.—Checks issued by the Treasurer for interest on registered bonds during the fiscal year 1920....................................'............
No. 38.—Interest on 3.65 per cent bonds of the District of Columbia paid during the fiscal year 1920.................................................
No. 39.—Coupons from United States bonds and interest notes paid during the fiscal year 1920, classified by loans............................
No. 40.—Public debt at the close of June, 1919 and 1920, and changes during the year......................................................-....-
No. 41.—Public debt, exclusive of certificates and Treasury notes, at the end of each month, from January, 1914.............................-......
No. 42.—Checks drawn by the Secretary and paid by the Treasurer for interest on registered bonds of the United States during the fiscal year 1920..
No. 43.—Money deposited in the Treasury each month of the fiscal year 1920 for the redemption of national-bank notes.".................- - - - - - - - - - - - - -
No. 44.—Amount of currency counted into the cash of the National Bank Redemption Agency and redeemed notes delivered, by fiscal years, from 1900......................................... - - - - - - - - - - - • - - - - - - - -
No. 45.—Currency received for redemption by the National Bank Redemption Agency from the principal cities and other places, by fiscal years from 1900, in thousands of dollars.......................
No. 46.—Mode of payment for currency redeemed at the National Bank Redemption Agency, by fiscal years, from 1900...................■....-
No. 47—Deposits, redemptions, assessments for expenses, and transfers and repayments on account of the 5 per cent redemption fund of national banks, by fiscal years, from 1900...........................-
No. 48.—Deposits, redemptions, and transfers and repayments on account of the retirement of circulation, by fiscal years, from 1900 ...........
No. 49.—Expenses incurred in the redemption of national and Federal reserve currency, by fiscal years, from 1900.......................-......- - -
No. 50.—General cash account of the National Bank Redemption Agency for the fiscal year 1920 and from July 1, 1874........._..... - — -....
No. 51.—Average amount of national-bank notes outstanding and the redem potion. by fiscal years, from 1875 (the first year of the agency)...... - -
No. 52.—Federal reserve notes, canceled and uncanceled, forwarded by Federal reserve banks and branches, counted and delivered to the Comptroller of the Currency for credit of federal reserve agents..........
No. 53.—Changes during the fiscal year 1920 in the force employed in the Treasurer’s office........................................................
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REPORT
OF THE
TREASURER OF THE UNITED STATES.
Treasury of the United States,
Washington, October 13, 1920.
Sir: The transactions of the Treasury of the United States for the fiscal year ended June 30, 1920, and its condition at the close of the year are presented in the following report.
The ordinary receipts and disbursements, by warrants, classified for the past two years, are compared in the table following:
Ordinary receipts and disbursements for the fiscal years 1919 and 1920.
Account.
RECEIPTS.
Customs.....................
Internal revenue:
Ordinary................
Income and excess-profits taxes..................
Lands.......................
Miscellaneous...............
Receipts of the District of Columbia......................
Panama Canal tolls, etc.....
Total..................
Deduct moneys covered by warrant in the year subsequent to the deposit thereof..
Total..................
Add moneys received in fiscal year but hot covered by warrant........................
Net available..........
DISBURSEMENTS.
Legislative.................
Executive, proper...........
Wheat guaranty fund.....
European food relief....
State Department.........
Treasury Department, proper..
Public buildings........
War-risk insurance.,....
War Department, proper......
Navy Department, proper.....
Interior Department, civil..
Post Office Department, proper.
Additional compensation, Postal Service...........
Federal control of telegraph and telephone systems... Department of Agriculture...
Department of Commerce......
Department of Labor.........
Department of Justice.......
Railroad Administration, etc... War Finance Corporation.....
1919 1920
$183,428,624.78 $323,536, 559.25
1,239,468,260.01 1,442,447,870.34
2,600,762,734.84 3,956.701,374.72
1,404,705.12 1,910,140.20
610,867,285.88 958,478,915.89
11, 575,535.25 12,930,158.74
6, 777, 046.55 9,039,670.95
4,654,284,192.43 6,705,044,690. 09
■ 1,638,786.71 1,735,493.29
4, 652,645,405.72 6,703,309,196. 80
1, 735,493.29 1,105, 240.83
4,654,380,899.01 6, 704,414,437.63
16,605,836.15 21,497; 674.97 19,739.707. 70 1,603,633. 41 350,000,000. 00 93,236,117.80 13,590,288.51
20,248,594.49
142,725. 239.48 151.415,925.77
16,651,372.40 6,918,375.13
101,943,693.27 79,994, 869.42
20,162,504. 50 8,734. 269.52
9,773,378.04 2.797,152.07
29,120, 861.52 28,199,495.23
2,405,945.11 2,680,470. 81 35,698,400. 00 12.018,557.68 66, 611,066.69
36. 888,371.28
15, 668,534.14 35.765,045.92
13,290,490.61 6,125,231.15
15.216,025.43 18,667, 245. 63
349, 238,385.21 1,038, 660,404.24
295. 000, 000. 00 150,000,000.00
Increase.
Decrease.
$140,107,934.47
202,979,610.33
1,355,938,639. 88
505,435.08
347,611,630. 01
1,354,623.49
2,262, 624.40
2,050,760,497.66
2,050, 760,497.66
2,050,033, 538.62
3,133,871.55
350,000,000.00
93,236,117.80
8,690,686.29
274 525. 70
35,698,400. 00
12,018.557.68
29,722,695. 41
20,096,511.78
3,451. 220.20
689,422,019.03
$96,706. 58
96,706.58
630,252.46
19,894,041. 56
6,658,305.98
9,732,997.27 21,948,823.85 11,428,234.98
6,976,225.97 921,366.29
7,165,259.46
145,000,000.00
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REPORT OF THE TREASURER OF THE UNITED STATES.
Ordinary receipts and disbursements for the fiscal years 1919 and 1920—Continued.
Account. 1919 1920 Increase. Decrease.
disbursements—continued. United States Shipping Board.. Other independent bureaus and offices Expenses of Ioans Purchase of obligations from foreign governments Purchase of farm-loan bonds... District of Columbia $1,871,201,'577.51 208,091,953.00 28,594,377.10 3,477,850,265. 56 96,662,398. 59 16, 565,433.74 $469, 094, 549.35 48, 792,574.36 22,122,776.85 421,337,028.09 26, 887,356.25 20,413,421.77 ''”$3,’847,’988.’03* $1,402,107,028.16 159,299,378.64 6,471,600.25 3,056,513,237.47 69,775,042.34
Total Civil Establishment Military F stablishment, proper. Rivers and harbors War, miscellaneous, civil... Naval Fstablishment, proper .. Indian Service Pensions 6.805,402,912.10 9, 208. 524,279.29 33. 078,306.32 11,456.798.84 2,009,272,388.53 34. 593, 256. 69 221 614 781.44 3,131.103,963.35 1, 027,225,248. 01 49,873,930.42 17,735 023.80 629, 893,115.87 40, 516, 831.94 213.344,204.11 6,031,463.72 1,024,024,440.02 1,249,592,593.47 16, 795. 624.10 6,278,224.96 5,923, 575.25 4,923,891,542.22 8,181, 299, 031.28 1,379,379,272.66 8,270,577.33 6,234,311.36 a
Panama Canal Interest on the public debt 12’ 265’, 775.08 615,867,337.32 408,157,102.70
Total Deduct repayments received in year but not covered by war-rant.. 18,952,075,835.61 3,446,110.82 6,139, 748,221.24 1,449, 091.98 1,686,747,120.48 1, 997,018. 84 14,499,074,734.85
Total Add repayments covered by warrant in year subsequent to the deposit thereof 18,948,629,724. 79 3, 511,456. 20 6,138,299,129.26 3,446,110.82 1, 688.744,139.32 14,499,074, 734. 85 65,345.38
Total ordinary disbursements 18,952,141,180.99 6,141,745,240.08 12,810,395,940.91
Excess of ordinaryreeeipts over 562, 669,197. 55
Excess of ordinary disbursements over ordinary receipts. 14,297. 760, 281.98
The total ordinary receipts and disbursements for the past 12 years are stated in the table following:
Fiscal year. Receipts. Disbursements. Surplus. Deficit.
1909 $603,589,489. 84 675,511,715.02 701,372,374.99 691,778,465.37 724,111,229. 84 734,673,166. 71 692,484,445.12 779,664,552. 49 1,118,174,126. 43 4,174,010,585.74 4,647,603,852. 46 6,704,414,437. 63 $662,324,444.77 659,705,391.08 654,137,997. 89 654,553,963.47 682,770,705.51 700,254,489. 71 730,103,591.80 724,492,998. 90 1,147,898,991.16 8,966,532,266.03 15,365,362,741.76 6,141,745,240.08 $58,734,954. 93
1910 $15,806,323. 94 47,234,377.10 37,224,501.90 41,340,524.33 34,418,677.00
1911
1912
1913
1914
1915 37,619,146.68
1916 55,171,553. 50
1917 29,724,864.75 4,792,521,680.29 10,717,758,889.30
1918
1919 1920
562,669,197. 55
PANAMA CANAL.
The total amount expended on account of the canal, the receipts from tolls, etc., and the proceeds from the sales of bonds to the close of the fiscal year 1920 may be studied in the statement following:
REPORT OF THE TREASURER OF THE UNITED STATES.
11
Receipts and disbursements on account of the Panama Canal.
Total amount expended. Receipts from tolls, etc. Net amount expended.
To June 30, 1914 $353,066,502.05 29,187,947. 60 17,504, 728.07 19,262,798.32 20,787,624.92 12,265,775.08 6,031,463.72 $353,066,502.05 25,057,732.45 14,634,732.79 13,112,129.73 14,373,054. 67 5,488,728.53 13,008,207.23
Fiscal year— 1915 $4,130,215.15 2,869,995. 28 6,150,668.59 6,414,570.25 6,777,046.55 9,039,670.95
1916
1917
1918
1919
1920
Total
458,106,839. 76 35,382,166.77 422,724,672.99 138,600,869.02
Deduct proceeds of bonds sold
r Net balance expended out of the general fund of the Treasury
284,123,803. 97
1 Net receipts in excess of expenditures.
EXTRAORDINARY DISBURSEMENTS.
The total amount disbursed from the Treasury in the purchase of obligations of foreign governments and of farm-loan bonds is shown in the statement following:
Fiscal year.
1917...........................................
1918...........................................
1919...........................................
1920...................-.......................
Total....................................
Less repayments................................
Balance..................................
Purchase of obligations of foreign Governments. Purchase of farmloan bonds (net). Total.
$885,000,000.00 4, 739,434,750. 00 3,477,850,265. 56 421,337,028.09 $8,880,315.00 65,153,254.15 96,662,398.59 26,887,356.25 $893,880,315.00 4,804,588,004.15 3,574,512,664.15 458,224,384.34
9,523,622,043.65 69,321,007. 99 197,583,323.99 9,731,205,367.64 69,321,007.99
9,454,301,035.66 197,583,323. 99 9,661,884,359.65
RECEIPTS AND DISBURSEMENTS ON ACCOUNT OF THE POST OFFICE DEPARTMENT.
The Postmaster General has exclusive control of the receipts and disbursements of the Post Office Department. During the fiscal year 1920 the postal receipts deposited in the Treasury and credited to the Post Office Department were $240,824,746.13; other receipts to the amount of $351,870,520.65 were received and disbursed directly by postmasters without being deposited in the Treasury. Such disbursements are authorized by existing law and are accounted for under the provisions of section 406 of the Revised Statutes of the United States. All Post Office Department warrants are issued by the Postmaster General on the Treasurer of the United States, and under department regulations they are also payable by any assistant treasurer, Federal reserve bank, or regular national-bank depositary of the United States.
A statement of the transactions relating to the account for the service of the Post Office Department with the Treasury during the fiscal year 1920 may be studied on page 56 of this report.
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REPORT OF THE TREASURER OF THE UNITED STATES.
TRANSACTIONS IN THE PUBLIC DEBT.
The transactions affecting the principal of the public debt during the fiscal years 1919 and 1920 are compared in the statement following:
Receipts and disbursements on account of the public debt for 1919 and 1920.
Account.
RECEIPTS.
Postal savings bonds........
Lawful money to retire national-bank notes...........
Certificates of indebtedness... United States bonds and notes:
First Liberty loan......
Second Liberty loan......
Third Liberty loan......
Fourth Liberty loan.....
Victory Liberty loan....
War savings securities......
Total..................
DISBURSEMENTS.
United States bonds matured and retired...........
Fractionalcurrencyretired... One-year Treasury notes retired ......................
Certificates of indebtedness retired......................
National-bank notes retired.. United States bonds and notes retired...............
War savings securities redeemed......................
Total..................
Excess of receipts..........
Excess of disbursements.....
1919 1920 Increase. Decrease.
$289,260.00 $189,400.00 - $99,860. 00
22,644,757. 50 16,955,327,890.00 17,071,987.50 14,728,725,968.53 5,572,770. 00 2 226,601,921.47
8,485. 38 2,404. 00 932,106,419.03 6,959,504,587.00 3,467,844,971.77 738,247,741.07 > 230. 00 1 920. 00 498,492. 50 5,078,726.00 1,027,542,058. 23 73,240,467.03 8,715.38 3,324.00 931,607,9,26. 53 6,954,425,861.00 2,440,302,913. 54 665,007,274.04
29,075,976,515.75 15,852,345,949. 79 13,223,630,565.96
63,094,640.00 1,823. 00 441,170.00 1,247.78 62,653,470. 00 575.22
19,150,000.00 19,150,000.00
15,046,532,900.00 23,717,892. 50 15,588,704,458. 53 23,424,164. 50 $542,171,558. 53 293,728. 00
551,021,150.00 1,224,054,350.00 673,033,200.00
134,047,603.63 199,818,880. 44 65,771,276. 81
15,837,566,009.13 17,036,444,271.25 1,198,878,262.12
13,238,410,506. 62 1,184,098,321.46
1 Counter entry.
APPROPRIATION OF THE NET EARNINGS DERIVED BY THE UNITED ^STATES FROM FEDERAL RESERVE BANKS.
Section 7 of the Federal reserve act provides—
That the net earnings derived by the United States from Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against outstanding United States notes, or shall be applied to the reduction of the outstanding indebtedness of the United States under regulations to be prescribed by the Secretary of the Treasury. * * *
The net earnings derived by the United States from Federal reserve banks for the fiscal year 1920 amounted to $2,703,850.74, and were applied by the Secretary of the Treasury to the purchase of $2,922,450 of the second Liberty loan converted 4| per cent bonds, under the foregoing provisions.
REPORT OF THE TREASURER OF THE UNITED STATES. 13
PAYMENT OF OBLIGATIONS OF FOREIGN GOVERNMENTS PURCHASED ON BEHALF OF THE UNITED STATES.
Section 3 of the act approved April 24, 1917, provides in part—
That the Secretary of the Treasury, under such terms and conditions as he may prescribe, is hereby authorized to receive on or before maturity payment for any obligations of such foreign Governments purchased on behalf of'the United States, and to sell at not less than the purchase price any of such obligations and to apply the proceeds thereof, and any payments made by foreign Governments on account of their obligations to the redemption or purchase at not more than par and accrued interest of any bonds of the United States issued under authority of this act; and if such bonds are not available for this purpose the Secretary of the Treasury shall redeem or purchase any other outstanding interest-bearing obligations of the United States which may at such time be subject to call or which may be purchased at not more than par and accrued interest.
During the fiscal year 1920 special purchases of interest-bearing obligations of the United States were made under the foregoing provisions as follows:
Title of loan. Principal. Interest. Total.
Third Liberty loan •570,154,950.00 2,514,950.00 $837,780.76 51,690.47 $70,992,730.76 2,566,640.47
Fourth Liberty loan
Total 72,669,900.00 889,471.23 73,559,371.23
UNITED STATES PAPER CURRENCY ISSUED AND .REDEEMED.
During the fiscal year 1920 the paper currency issued under the direct authority of the Government amounted to $398,018,000, an increase of $47,880,000 as compared with that of 1919. The redemptions were $652,415,700, a decrease of $137,319,300 for like period. The net excess of redemptions over issues was $254,397,700.
The amount of each kind of paper currency issued and redeemed during the fiscal year 1920 is stated in the table following:
United States notes. Trust-fund obligations. Total.
Treasury notes of 1890. Gold certificates. Silver certificates.
Outstanding June 30, 1919 Issued during fiscal year 1920.... Redeemed during fiscal,year 1920. Outstanding June 30,1920.. Less amount held in Treasury... Net amount in circulation. $346,681,016 319,836,000 $1,754,000 $1,550,259,669 12,210,000 $203,943,000 65,972,000 $2,102,637,685 398,018,000
666,517,016 319,836,000 1,754,000 95,000 1,562,469,669 186,810,100 269,915,000 145,674,600 2,500,655,685 652,415,700
346,681,016 9,567,164 1,659,000 2,773 1,375,659,569 790,935,924 124,240,400 5,982,517 1,848,239,985 806,488,378
337,113,852 1,656,227 584,723,645 118,257,883 1,041,751,607
In a study of the foregoing table it will be observed that the United States notes issued and credited in the general account as a receipt are offset by an equal amount- of worn or unfit notes in kind withdrawn therefrom, canceled, and retired, which is in accordance with the provisions of the act of May 31, 1878. Tn explanation of the manner of issuing and redeeming gold certificates, silver certificates,
14
REPORT OF THE TREASURER OF THE UNITED STATES.
and Treasury notes of 1890, it may be said that for certificates issued and credited in the general account an equal amount of the respective kinds of money held in the general account is transferred therefrom to, and retained in, the trust funds for their redemption; for gold certificates, silver certificates, and Treasury notes withdrawn from the general fund, canceled, and retired, a like amount of the respective coins is released from the trust funds and brought into the general fund in their stead.
THE PUBLIC DEBT, 1919 AND 1920.
At the close of the fiscal year 1920 the principal of the interestbearing debt was $24,061,095,361.36, a decrease of $1,173,400,912.18 as compared with that of the preceding year.
The debt bearing no interest and that on which interest has ceased since maturity amounted to $236,823,050.17, a decrease of $10,715,-094.78.
The public debt, by items, for the fiscal years 1919 and 1920 is compared in the statement following:
Title of loan. Rate. When payable. Outstanding June 30, 1919. Outstanding June 30, 1920.
Interest-bearing debt: Consols of 1930 Loan of 1925 Panama Canal loan- Do Per ct. 2 4 2 3 3 24 (D 34 4 4i 4{ 4 41 41 41 31-4? 31-4 After Apr. 1, 1930 Feb. 1, 1925 Aug. 1, 1936 June 1, 1961 $599,724,050. 00 118,489,900.00 74,901,580.00 50,000,000.00 28,894,500. 00 11,349,960.00 3,624,983,490.00 1,410,071,600.00 167,792,750.00 403,440,100.00 3,492,050.00 704,204,350.00 2,862,252,250.00 3,958,552,700.00 6,794,504,587.00 3,467,844,971.77 953,997,434.77 $599,724,050.00 118,489,900.00 74,901,580.00 50,000,000.00 28,894,500.00 11,539,360.00 2,768,925,500.00 1,410,074,400. 00 65,803,050. 00 473,089,200.00 3,492,150.00 240,003,250.00- 3,085,303,750.00 3,662,715,800. 00 6,394,354,500.00 4,246,365,350.00 827,419,021.36
Conversion bonds Postal-savings bonds Certificates of indebtedness.. First Liberty loan First Liberty loan, converted Do 30 years from date of issue. 20 years from date of issue. Various dates June 15, 1947 do do
First Liberty loan, second converted do
Second Liberty loan Second Liberty loan, converted Nov. 15,1942 do
Third Liberty loan Fourth Liberty loan Victory Liberty loan (notes). War savings securities Total Sept. 15, 1928 Oct. 15, 1938 May 20, 1923 Jan. 1, 1923-4-5
25,234,496,273.54 24,061,095,361.36
Matured debt and debt bearing no interest: Matured loans On demand
11,109,370.26 53,012.50 193,701,990.37 35,830,457.00 6,843,314.82 6,747,700.26 53,012. 50 193,701,990.37 29,478,280.00 6,842,067.04
Old demand notes do
United States notes (less gold reserve) do
National-bank notes do
Fractional currency do
Total
247,538,144.95 236,823,050.17
Aggregate
25,482,034,418.49 24,297,918,411.53
1 Various.
PAYMENT OF INTEREST ON THE REGISTERED BONDS AND NOTES. OF THE
UNITED STATES.
The interest on registered bonds and notes of the.United States is paid by checks prepared and mailed from the office of the Secretary of the Treasury. Such checks indicate the title of the loan for which they are drawn and the rate of interest it bears per annum; the name of t he Secretary of the Treasury is printed on the checks, and they are
REPORT OF THE TREASURER OF THE UNITED STATES.
15
countersigned by a clerk in his office. These checks are drawn on the Treasurer of the United States, but may be cashed by any assistant treasurer, Federal reserve bank, or regular national bank depositary of the United States, and the amount so disbursed is included in the requisition for reimbursement made by the Treasurer at the end of each month. The paid checks are sent to the Auditor for the Treasury Department. There were 5,722,880 checks drawn during the fiscal year 1920, amounting to $139,173,879.90.
THE RESERVE FUND.
During the fiscal year 1920 the redemptions from the reserve fund were, in United States notes, $3,585,390. The redeemed notes were, under the provisions of the act of March 14, 1900, immediately exchanged for gold, and thereby the reserve was maintained in volume and character.
STATEMENT OF THE TREASURY OF THE UNITED STATES.
The Treasury holdings of moneys at the close of the fiscal year 1920 amounted to $3,569,760,793.30, and from the revised figures of the several funds it was set apart as follows:
RESERVE FUND.
Gold coin and bullion.
$152,979,025.63
TRUST FUNDS.
[Held for redemption of the notes and certificates for which they are respectively pledged.]
Gold coin and bullion.................$584,723,645
Silver dollars........................ 118,257.883
Silver dollars of 1890................... 1,656;227
Total........................... 704,637,755
Gold certificates outstanding.......$1,375,659,569
Less amount in the Treasury......... 790,935,924
Net............................ 584,723,645
Silver certificates outstanding..... 124,240,400
Less am ount in the Treasury........ 5,982,517
Net............................ 118,257,883
Treasury notes (1890) outstanding.. 1,659,000
Less amount in the Treasury......... 2,773
Net.............................. 1,656,227
Total.......................... 704,637,755
GOLD SETTLEMENT FUND, FEDERAL RESERVE BOARD.
Gold coin and bullion
$1,184,275,551.87
GENERAL FUND.
The items composing the general fund are subdivided; the first part shows the amount of each kind of available cash actually held in the vaults of Treasury offices, after setting out from the assets the appropriate kinds of money to meet the requirements of the reserve fund, trust funds, and gold settlement fund, followed by the amounts of public moneys in Federal reserve banks, national banks, and other depositaries to the credit of the Treasurer of the United States and of disbursing officers; the second part shows the current demands against the same, and finally the net balance in the general fund.
16
REPORT OF THE TREASURER OF THE UNITED STATES.
The assets in the general fund of the Treasury on June 30, 1920, and the demand liabilities outstanding on that date were as follows:
In Treasury offices: Goid coin............................................................. $249,981,700.36
Standard silver dollars............................................ 14,935,674.00
United States notes............................................. 9,567,164.00
Federal reserve notes.............................................. 27,622,296.00
Federal reserve bank notes......................................... 353,402.00
National-bank notes................................................ 1,629,666.80
Certified checks on banks.......................................... 475,834.81
Subsidiary silver coin............................................. 6,605,093.65
Minor coin......................................................... 1,076,790.26
Silver bullion (at cost)........................................... 19,516,565.10
Unclassified (unsorted currency, etc.)............................. 5,833,638.84
Public debt obligations paid, awaiting reimbursement............... 1,242,633.03
In Federal land banks..................................................
Federal reserve banks..............................................
In transit..........................................................
30,483,519.22
8,545,005.29
In special depositaries:
Account of sales of certificates of indebtedness...............................................
In national-bank depositaries:
To credit of Treasurer of the United States.......................... 11,863,207.11
To credit of other Government officers.............................. 15,138,161.88
In transit.......................................................... 11,598,446.06
§338,840,458.85 5,950,000.00
39,028,524.51
273,428,577.33
In foreign depositaries:
To credit of Treasurer of the United States............................................
In treasury of Philippine Islands:
To credit of Treasurer of the United States......................... 1 1,986,669.06
To credit of other Government officers.............................. 2,785,579.60
38,599,815.05
8,301,507.40
798,910.54
Deduct current liabilities: Federal reserve note 5 per cent fund.............
Less notes in process of redemption.........
Federal reserve bank note 5 per cent fund.....
Less notes in process of redemption..........
National-bank note 5 per cent fund............
Less notes in process of redemption..........
Treasurer’s checks outstanding................
Post Office Department balances...............
Board of trustees, Postal Savings System balance Balance to credit of postmasters, etc.........
Undistributed assets of insolvent national banks... _______
Retirement of additional circulating notes (act of May 30, 1908). Miscellaneous redemption accounts..........................
$239.669,857.39
2,474,283.00
---------------- 237,195,574.39
11,642,140.00
2,192,381.00
--------------- 9,449,759.00
21,332,789.12
21,332,789.12
Balance in Treasury
704,947,793.68
466,273.36
35,838,627.79
7,791,054.64
33,974,101.19
1,168,284.92
138,860.00
18,978,238.06
-------------- 345,000,773.35
.............. 359,947,020.33
i Credit balance.
During the fiscal year 1920 the pay warrants drawn were $621,429,123.91 in excess of the receipts. This excess is verified by the net results in the accounts of receipts and pay warrants drawn stated on previous pages of this report, which are brought together here:
Excess of public debt disbursements over receipts for 1920 (see p. 12).................$1,184,098,321.46
Deduct: Excess of ordinary disbursements over receipts for 1920 (see p. 10)............ 562,669,197.55
Net excess of pay warrants drawn...............................................- • 621,429,123.91
The balance in the general fund on June 30, 1920 (on a cash receipt and cash payment basis), was $359,947,020.33. The amount of pay warrants drawn during the fiscal year exceeded the receipts by $621,429,123.91. The warrants outstanding at the close of the fiscal year on June 30, 1920, however, were $9,556,884.62 in excess of those outstanding on June 30, 1919, leaving a net excess of warrant payments over receipts in the fiscal year 1920 of $611,872,239.29. The book credits of disbursing officers and agencies with the Treasurer at the close of the fiscal year 1920 were $254,345,675.64 less than at
REPORT OF THE TREASURER OF THE UNITED STATES.
17
the close of the previous fiscal year. The net decrease in the general fund balance of $1,226,164,935.26 at the close of the fiscal year 1919 was, therefore, $866,217,914.93 (on a cash receipt and cash payment basis).
The balance in the Treasury at the end of each month from January, 1914, is stated in Table No. 17, page 78, of the addenda, and for July 1 in each year since 1910 in the statement following:
Available cash balance (including the reserve fund) on the dates named.
Date. Available cash balance.
Reserve fund. General fund. Total.
July 1, 1910 $150,000,000.00 150,000,000.00 150,000,000.00 150,000,000.00 150,000,000.00 152,977,036.63 152,979,025.63 152,979,025.63 152,979,025.63 152,979,025.63 152,979,025.63 $106,894,675.67 140,176,926.13 167,152,478.99 165,960,984.79 161,612,615.53 104,170,105.78 178,491,415.58 967,247,123.48 ’ 1,684,929,580.21 i 1,226,164,935.26 1 359,947,020.33 $256,894,675.67 290,176,926.13 317,152,478.99 315,960,984.79 311,612,615.53 257,147,142.41 331,470,441.21 1,120,226,149.11 i 1,837,908,605.84 1 1,379,143,960.89 i 512,926,045.96
1911
1912
1913
1914
1915
1916
1917
1918
1919
1920
1 Including credits to disbursing officers.
GOLD IN THE TREASURY.
The gold in the Treasury at the beginning of the fiscal year 1920 amounted to $2,516,441,004.60. There was a noticeable monthly decrease until May 1, 1920, when the Treasury holding of the precious metal had been reduced to $2,121,747,409.92. Thereafter the accumulation of gold in the Treasury was gradual to the close of the year, when it amounted to $2,171,959,922.86 on June 30, 1920.
The imports of gold during the fiscal year 1920 were $150,540,200, the exports $466,592,606, and the excess of exports $316,052,406.
The total amount of gold in the Treasury on July 1 in each year from 1910, set apart for the respective uses, is shown in the statement annexed:
Gold in the Treasury.
Date. Reserve. For certificates in circulation. Gold settlement fund, Federal Reserve Board. General fund. Total.
July 1, 1910... $150,000,000.00 $802,754,199.00 $92,411,286.24 $1,045,165,485.24
' 1911 . 150,000,000 00 930,367,929.00 83,533,254.56 lj 163', 901', 183.56
1912 . 159,000,000.00 943,435,618.00 114,028,646.22 1' 207' 464', 264.22
1913 150,000,000.00 1,003,997,709.00 108^ 363'326.87 1^262'361^035.87
1914 . 150,000,000.00 1,026,149,139.00 102,962,970.70 1,279,112,109.70
1915 . 152,977,036.63 1,135,213,619.00 94'769^333.55 1'382' 959^989.18
1916 152,979,025.63 1,565,400,289.00 85,114,618.20 L803'493; 932.83
1917... 152,979,025.63 1’584' 235'909.00 $526,295,000.00 61'962' 101.24 2,325', 472', 035.87
1918... 152,919,025.63 1,026,631,669.00 1,205,082,010.00 95,262,262.46 2,479,954,967.09
1919... 152,979,025.63 735,779,491.00 1,416,086,099.10 211,596,388.87 2,516,441,004.60
1920... 152,979,025.63 584,723,645.00 1,184,275,551.87 249,981,700.36 2,171,959,922.86
15170—20---2
18
REPORT OF THE TREASURER OF THE UNITED STATES,
BONDS HELD AS SECURITY FOR NATIONAL BANKS.
The United States obligations in the custody of the Treasurer pledged to secure national-bank circulation amounted to $707,963,400, and for circulation issued by Federal reserve banks $276,525,200, making a total of $984,488,600. The securities pledged for the safe-keeping of public deposits in national banks were $37,637,500, while those held for postal-savings depositaries amounted to $199,263,584.12.
The kinds of securities in the custody of the Treasurer and the changes therein during the fiscal year 1920 are recorded in the statements following:
Securities held for national banks close of June, 1919 and 1920, and changes during 1920.
Kind of securities. Rate. Held June Transactions during 1920. Held June
30,1919. Deposited. Withdrawn. 30,1920.
TO SECURE CIRCULATION. United States loan of 1925 United States consols of 1930 United States Panama Canal 1916-36 United States Panama Canal 1918-38 Per cent. 4 2 2 2 $55,682,300 563,903,350 47,608,380 25,058,920 $11,816,400 33,932,400 4,642,400 2,057,540 $2,870,800 27,417,550 4,561,740 1,888,200 $64,627,900 570,418,200 47,689,040 25,228,260
Total 692,252,950 52,448,740 36,738,290 707,963,400
TO SECURE PUBLIC DEPOSITS. Held by the Treasurer of the United States: First Liberty loan of 1932-47 Second Liberty loan of 1927-42 Third Liberty loan of 1928 Fourth Liberty loan of 1933-38 Victory Liberty loan4f per cent notes. Victory Liberty loan 3J per cent notes. First Liberty loan, converted Do Second Liberty loan, converted.. Certificates of indebtedness United States loan of 1925 United States loan of 1908-18 United States consols of 1930 United States Panama Canal 1916-36.. United States Panama Canal 1918-38.. United States Panama Canal of 1961... United States conversions Federal land bank farm loan * Philippine loans Porto Rico loans District of Columbia War Finance Corporation Hawaii loans Philippine Railway Manila Railway Miscellaneous 3i 4 4i 4} 4t 3? 4 44 44 0) 4 3 2 2 2 3 3 0) 4 4 3.65 5 (D 4 4 (l) 2,177,450 300,900 6,145,900 3,372,650 195,500 267,850 1,563,700 10,892,100 970,000 980,000 10,000 5,871,850 462,000 265,000 9,460,500 740,000 30,000 3,747,000 1,033,000 180,000 1,100,000 957,000 196,000 10,000 2,792,000 293,500 36,950 2,356,100 4,891,400 2,224,500 2,286,000 1,250 533,750 2,457,100 674,000 117,000 2,000 400,000 62,000 242,000 50,000 146,000 1,295,950 304,750 4,400,550 1,854,900 434,000 245,850 1,024,150 5,439,050 1,371,000 527,600 8,000 4,017,150 175,000 187,000 4,886,500 154,000 22,000 1,376,000 758,000 130,000 1,100,000 262,000 196,000 10,000 2,677,000 1,175,000 33,100 4,101,450 6,409,150 1,986,000 2,286,000 23,250 1,073,300 7,910,150 273,000 452,400 2,000 1,971,700 289,000 78,000 4,974,000 586,000 70,000 2,613,000 325,000 50,000 695,000 261,000
Total 53,720,400 16,773,550 32,856,450 37,637,500
1 Various.
REPORT OF THE TREASURER OF THE UNITED STATES,
19
SECURITIES HELD TO SECURE CIRCULATION ISSUED BY FEDERAL RESERVE BANKS.
Securities held for Federal reserve banks close of June, 1919 and 1920, and changes during 1920.
Kind of securities. Rate. Held June ' 30,1919. Transactions during 1920. Held June 30,1920.
Deposited. Withdrawn.
United States loan of 1925 United States consols of 1930 United States Panama Canal 1916-36 United States Panama Canal 1918-38 United States 1-year special certificates of indebtedness Total Per cent. 4 2 2 2 2 $2,593,000 14,129,000 404,500 285,300 178,723,000 $80,652,000 $240,600 21,000 $2,593,000 13,888,400 383,590 285,300 259,375,000
196,134,800 80,652,000 261,600 276,525,200
Securities held to secure postal savings funds, close of June, 1919 and 1920, and changes during 1920.
Kind of securities.
Rate.
Held June 30, 1919.
Transactions during 1920.
Deposited.
Withdrawn.
Held June 30, 1920.
United States first Liberty loan....
United States second Liberty loan.... United States third Liberty loan....
United States fourth Liberty loan.... United States Victory Liberty loan...
Do..............'...............
United States 4J per cent first Liberty loan, converted.....................
United States 41 per cent second Liberty loan, converted.............
United States 4 per cent first Liberty loan, converted.....................
United States 4J per cent first Liberty loan, second converted..............
United States certificates of indebtedness ...............................
United States loan of 1925..........
United States loan of 1908-1918.....
United States consols of 1930.......
United States Canal loan of 1961....
United States Canal loan of 1916-1936. United States Canal loan of 1918-1938. United States 3 per cent conversions.. United States Postal Savings........
Philippine loans....................
Porto Rico loans....................
District of Columbia................
Territory of Hawaii.................
State loans.........................
Municipal loans.....................
County loans........................
Miscellaneous.......................
Federal land bank farm loan.........
Federal land bank farm loan, joint stock...............................
War Finance Corporation.............
Per ct. 3i 4 41 41 3J 41
41
41
4
41
(O 4 3 2 3 2 2 3 21 4 4
3.65 (D (D
$7,124,600.00
990,800.00 13,255,400.00 7,621,700.00
362,500.00
744,000.00
3,617,400.00
19,604,200.00
707,050.00
6,100.00
849,000.00 262,900.00
2,500.00 911,200.00 3,298,400.00
78,000.00
64,500.00
339,000.00
1,200.00
5,223,000.00 1,872,000.00
90,500.00 1,418,600.00 25,776,350.00 78,327,251.73 16,669,478.75 15,613,809.00
427,000 00
17,000.00 1,555.000.00
35,509,500.00
133,350.00
5,979,350.00
11,200,250.00
7,030,000.00
5,826,950.00
817,800.00
6,634,350.00
42,450.00
85,266.950.00
985,800.00
8,375,550.00
3,954,750.00
300,000.00
2,346,000.00
688,300.00
8,385,800.00
658,500.00
Total
206,830,439.48
2,620,000.00
5,000.00
55,500.00
280,000.00
1,000.00
10,000.00 300.00
167,000.00 81,000.00 20,000.00 93,000.00 1,707,000.00 6,645,000.00 1,334,500.00
501,000.00 50,000.00
30,000.00 158,000.00
56,932,300.00
2,509,000.00
89,000.00
2,000.00
226,500.00
533,500.00
7,000.00
40,000.00
6,000.00
200.00
1,595,000.00
361,000.00
6,000.00
363,800.00 5,337,800.00 15,560,901.61 2,552,103.75 2,509,700.00
125,000.00
1,713,000.00
64,499,155.36
87,367,150.00
138,350.00 10,859,200.00 14,867,200.00
7,092,500.00 4,224,950.00
3,746,900.00
17,852,750.00
91,000.00
6,100.00
960,000.00 178,900.00
500.00
740,200.00
3,044,900.00 71,000.00 25,500.00
343,000.00
1,300.00
3,795,000.00
1,592,000.00
104,500.00
1,147,800.00 22,145,550.00 69,411.350.12 15,451^875.00 13,605,109.00
352,000.00
47,000.00
199,213,584.12
5
5
1 Various.
The board of trustees of the Postal Savings System accepts as security for postal savings deposits, at the respective values herein fixed, negotiable interest-bearing bonds or securities of the following classes, viz:
20 REPORT OF THE TREASURER OF THE UNITED STATES.
(a) Bonds and interest-bearing certificates of indebtedness of the United States, bonds of the Philippine Islands, of the District ot Columbia, and of Porto Rico, and Farm-Loan bonds authorized by act of Congress approved July 17, 1916 (39 Stat., 360), will be accepted at their par value.
(&) Bonds of any State of the United States and of the Terntorv ot Hawaii will be accepted at their market value, but if such market value is above par they will be accepted at their par value.
(c) Bonds of anv city in the United States having a population ot over 30,000, as shown'by the latest annual report of the Bureau ot Census, entitled “Official Statistics of Cities having a Population ot over Thirty Thousand,” which has been in existence for a period ot 10 years, which for a period of 10 years previously has not defaulted in the payment of any part of either principal or interest of apy funded debt authorized to be contracted by it, and whose net funded indebtedness doos not exceed 10 per cent of the valuation of its taxable property, to be ascertained by the last preceding valuation foi the assessment of taxes, will be accepted at 90 per cent of their market value, but if such market value is above par, they will be accepted at 90 per cent of their par value.
(d) Bonds of any other city, town, county, or other legally constituted municipality or district in the United States, which has been in existence for a period of 10 years, which for a period of 10 years previously has not defaulted in the payment of any part of either principal or interest of any funded debt authorized to be contracted by it, and whose net funded indebtedness does not exceed 10 per cent of the valuation of its taxable property, to be ascertained by the last preceding valuation for the assessment of taxes, will be accepted at 75 per cent of their market value, but if such market value is above par they will be accepted at 75 per cent of their par value.
Bonds of the several classes described in paragraphs (&), (c), and (d), to be acceptable as security, shall be the general obligations of the States, Territories, counties, cities, towns, or other political divisions by or in behalf of which they are issued, and payable, either directly or ultimately, without limitation to a special fund, from the proceeds of taxes levied upon all the taxable real and personal property7 within the territorial limits of such political divisions.
The term 11 net funded indebtednessfor the purposes of paragraphs (c) and (d), is hereby defined to be the difference between the legal gross indebtedness of a city, town, county, or other municipality (including the amount of any school district or other bonds which depend for their redemption upon taxes levied upon property7 within the municipality) and the aggregate of the following items:
(1) The total of all sinking funds accumulated for the redemption of such gross indebtedness, except sinking funds applicable to bonds hereafter described in this section.
(2) The amount of outstanding bonds or other debt obligations made pavable from current revenues.
(3) The amount of outstanding bonds issued for the purpose of providing the inhabitants of a municipality with public utilities, including the supplying of water or the construction of subways and tunnels for railways: Provided, That evidence is submitted showing that the income from such utilities is sufficient for maintenance, for
REPORT OF THE TREASURER OF THE UNITED STATES. 21 payment of interest on such bonds, and for the accumulation of a sinking fund for their redemption.
(4) The amount of outstanding improvement bonds, issued under laws which provide for the levying of special assessments against abutting property in sufficient amounts to insure the payment of interest on the bonds and the redemption thereof: Provided, That such bonds are direct obligations of the municipality and included in the gross indebtedness of the municipality.
(5) The amount of outstanding bonds issued by a political subdivision, funds for the payment of which are donated by the State: Provided, That evidence is submitted showing that such funds are sufficient in amount to insure the payment of interest on the bonds and the principal thereof at maturity.
Obligations of the general class embracing what are commonly known as ‘‘revenue bonds,” “temporary bonds,” “temporary notes,” “certificates of indebtedness,” “warrants,” and the like obligations, whether issued in anticipation of the collection of taxes, assessments, or other revenues, or of the sale of bonds or other obligations, or for similar purposes, will not be accepted as security for postal savings deposits: Provided, That, in applying this regulation, consideration will be given to the legal status of the obligations submitted rather than to the nomenclature employed in designating such obligations: And provided jurther, That this regulation shall not apply to obligations of the United States Government.
Bonds which in all other respects are found to be legally acceptable as security under the postal savings act, and those regulations will be construed, as a matter of law, to conform to these provisions of section 8, paragraphs (c) and (d), respectively, which relate to term of existence and noridefault, under the following conditions:
(1) Bonds issued by or in behalf of any city, town, county, or other legally constituted municipality or district in the United States which was, subsequently to the issuance of such bonds, consolidated with, or merged into, an existing political division which meets the requirements of these regulations, will be deemed to be the bonds of such political division: Provided, That such bonds were assumed by such political division under statutes and appropriate proceedings the effect of which is to make such bonds general obligations of such assuming political division, and payable, either directly or ultimately, without limitation to a special fund, from the proceeds of taxes levied upon all the taxable real and personal property within its territorial limits.
(2) Bonds issued by or in behalf of any city, town, county, or other legally constituted municipality or district in the United States which was, subsequently to the issuance of such bonds, wholly succeeded by a newly organized political division, whose term of existence, added to that of such original political division, or of any other political division so succeeded, is equal to a period of 10 years, will be deemed to be bonds of such succeeding political division: Provided, That during such period none of such political divisions shall have defaulted in the payment of any part of either principal or interest of any funded debt authorized to be contracted by it: And provided further, That such bonds were assumed by such new political division under statutes and appropriate proceedings the effect of which is to make such bonds general obligations of such assuming political
22 REPORT OF THE TREASURER OF THE UNITED STATES.
division, and payable, either directly or ultimately, without limitation to a special fund, from the proceeds of taxes levied upon all the taxable real and personal property within its territorial limits.
(3) Bonds issued by or in behalf of any city, town, county, or other legally constituted municipality or district in the United States which, prior to such issuance, became the successor of one or more, or was formed by the consolidation or merger of two or more, preexisting political divisions, the term of existence of one or more of which, added to that of such succeeding or consolidated political division, is equal to a period of 10 years, will be deemed to be bonds of a political division which has been in existence for a period of 10 years: Provided, That during such period, none of such original, succeeding, or consolidated political divisions shall have defaulted in the payment of any part of either principal or interest of any debt funded authorized to be contracted by it.
The board of trustees reserves the right to reclassify the securities acceptable for deposits and to change the valuation at which they will be accepted. Under no circumstances will securities of other classes than those above named be accepted.
POSTAL SAVINGS BONDS AND INVESTMENTS THEREIN.
The trustees of the Postal Savings System, under a general authority in the postal savings law (act of June 25, 1910), have arranged to take over at par any of the postal savings bonds that depositors may wish to turn back.
The first investment in these bonds was made on December 9, 1911, when they were quoted in the open market at 92J cents on the dollar. Under the arrangement made by the trustees they have taken over at par all of the bonds offered by the depositors, and at the close of the fiscal year 1920 the Treasurer of the United States held $6,573,420 of such bonds, which are registered in the name of the board of trustees.
WITHDRAWAL OF BONDS TO SECURE CIRCULATION.
National banks filed with the Treasurer of the United States applications to sell for their account United States bonds securing circulation as follows:
Quarter ended— Cases. Amount.
Sept. 30, 1919........................................................................................
Dec. 31, 1919.........................................................................................
Mar. 31, 1920 ......................................................................... 2 $62,500
June 30, 1920.........................................................................................
The Federal Reserve Board did not deem it advisable to allot or to require the Federal reserve banks to purchase any of the bonds offered for sale in the foregoing applications.
REPORT OF THE TREASURER OF THE UNITED STATES.
23
Money deposited in the Treasury each month of the fiscal year 1920 for the redemption of notes of banks insolvent, in liquidation, and reducing circulation; also the amount of national-bank notes outstanding.
Reducing.
Month.
Insolvent and liquidating.
National banks.
Federal reserve banks.
Nationalbank notes outstanding.
1919—July......
August.... September October... November. December. 1920—January...
February..
March....
April....
May......
June.....
Total___
$204,527.50 295,597.50
10,000.00 588,395.00 221,200.00
483,500.00 671,800.00 753,347.50
1,198,292.50 639,500.00 391,500.00
17,150.00
$491,750.00 2,416,200.00
492,500.00 2,661,200.00
387,000.00 871,297.50 452,197.50 770,697.50 402,797.50 373,750.00
1,443,492.50
572,695.00
$261,600.00
$720,907,762 724,563,670 721,485,210 722,394,325 722,142,160 724,338,692 733,108,190 722,641,255 723,938,752 723,392,772 717,264.887 719,037,730
5,474,810.00 11,335,577.50 261,600.00 ...............
DEPOSITARIES OF THE UNITED STATES.
The Secretary of the Treasury determines the number of such depositaries and the amount of public money required in each for the transaction of the public business, fixes the amount of balances they may hold, and requires the banks thus designated to give satisfactory security, by the deposit of United States bonds and otherwise, for the safe-keeping and prompt payment of the public money deposited with them and for the faithful performance of their duties as financial agents of the Government. All of the national-bank depositaries are required to pay interest at the rate of 2 per cent per annum on the average monthly amount of public deposits held.
The number of bank depositaries (excluding special depositaries appointed under the Liberty loan acts) at the close of the fiscal years 1919 and 1920 are here stated:
Federal reserve banks. •
National banks.
Special.
Total.
June 30, 1919.............................................
June 30,1920..............................................
807
671
645 1,482
19 723
PUBLIC MONEYS IN DEPOSITARY BANKS.
The depositary banks at the close of the fiscal year 1919 held public moneys as follows: Federal land banks, $500,000; Federal reserve banks, $55,300,485.16; special liberty loan depositaries, $905,411,-514.76; national banks, $52,399,940.18 ; foreign depositaries, $22,885,-165.93, and the treasury of Philippine Islands, $9,313,439.48; making a total of $1,045,810,545.51.
24 REPORT OF THE TREASURER OF THE UNITED STATES.
The amount of public moneys held by depositary banks at the close of each quarter during the fiscal year 1920 may be studied in the statement following:
Depositaries. Quarter ended—
Sept. 30,1919. Dec. 31, 1919. Mar. 31, 1920. tune 30, 1920.
Federal land banks $5,500,000.00 115,618,428.84 36,884,000.00 23,858,633.18 14,578,321.27 3,353,426.29 $5,950,000.00 30,483,519.22 273,428,577.33 27,001,368.99 8,301,507.40 798,910.54
Federal reserve banks Special liberty loan depositaries.... National banks Foreign depositaries Treasury of Philippine Islands Total $170,879,350.69 741,629,000.00 45,223,449.39 32,394,956.78 5,375,579.86 $110,399,856.12 650,269,000.00 40,042,825.85 18,942,838.64 2,687,556.31
995,502,336. 72 822,342,076.92 199,792,809.58 345,963,883.48
The balance in national banks designated as depositaries to the credit of the Treasurer on June 30, 1919, was $41,123,406.30, and like credit on June 30, 1920, was $11,863,207.11, making a reduction of $29,260,199.19 in the balances.
INTEREST ON PUBLIC MONEYS HELD BY DEPOSITARY BANKS.
Interest is collected semiannually from all depositaries of public moneys (except Federal reserve banks) at the rate of 2 per cent per annum on the basis of 181 days to the half year from January 1 to June 30 and 184 days from July 1 to December 31. Each depositary is required to render to the Treasurer semiannually (Jan. 1 and July 1) an interest report showing daily balances held by such bank for the prior six months and the amount of interest due and paid thereon. These reports are checked by the ledgers of this office.
Interest was first collected by the department under the provisions of the act of May 30, 1908, on all special and additional deposits in general depositaries and on all deposits in special depositaries at the rate of 1 per cent per annum. In accordance with instructions contained in letter of the Secretary of the Treasury, dated April 22, 1912, the rate of interest was increased from 1 per cent to 2 per cent per annum, beginning July 1, 1912.
During the fiscal year 1920 the interest collected from depositaries on ordinary balances held was $2,658,768.71, and from depositaries holding balances arising from sales of bonds, certificates of indebtedness, etc., $11,431,460.31, making a total of $14,090,229.02. The total amount of interest collected on depositary balances since May 30, 1908, may be studied from Table No. 8, on page 57 of this report.
GOLD SETTLEMENT FUND, FEDERAL RESERVE BOARD.
The balance to the credit of the gold settlement fund on June 30, 1919, was $1,416,086,099.10. During the fiscal year 1920 the deposits were $1,4'55,066,707.52 and the withdrawals $1,686,877,254.75, leaving a balance to the credit of the fund on June 30, 1920, of $1,184,275,551.87.
REPORT OF THE TREASURER OF THE UNITED STATES. 25
MONETARY STOCK.
At the close of the fiscal year 1920 the monetary stock of the country amounted to $7,894,498,099, an increase of $375,709,099 as compared with that of 12 months earlier. The increase in subsidiary silver coin was $15,984,801; in Federal reserve notes, $718,320,135; in Federal reserve bank notes, $13,558,820, while gold decreased $332,627,390; standard silver dollars, $39,288,265; and national-bank notes, $239,002.
The amount of each kind of money included in the general stock is given in the statement following (this statement represents the monetary stock of the United States as shown by the revised statements for June 30, 1919 and 1920):
Kind. In Treasury, mints, and Federal reserve banks. In circulation. Total stock.
June 30, 1919: Gold coin and bullion Silver dollars $1,914,237,766 227,391,235 10,983,939 $1,112,353,324 80,754,524 231,886,499 $3,026,591,090 308,145,759 242,870,438
Subsidiary silver
Total metallic
2,152,612,940 1,424,994,347 3,577,607,287
United States notes. Federal reserve notes Federal reserve bank notes National-bank notes Total notes
13,818,465 193,527,048 24,421,250 69,634,991 332,862,551 2,494,029,937 163,245,730 649,641,741 346,681,016 2,687,556,985 187,666,980 719,276,732
301,401,754 3,639,779,959 3,941,181,713
Aggregate metallic and notes Gold certificates...
2,454,014,694 5,064,774,306 7,518,789,000
1,019,897,458 34,794,705 8,839 530,362,211 169,148,295 1,745,161
Silver certificates..
Treasury notes of 1890
Total certificates and notes....
1,054,701,002 701,255,667
Aggregate
5,766,029,973 7,518,789,000
June 30, 1920: Gold coin and bullion Silver dollars..
1,854,719,147 134,849,784 6,605,094 839,244,553 134,007,710 252,250,145 2,693,963,700 268,857,494 258,855,239
Subsidiary silver
Total metallic
1,996,174,025 1,225,502,408 3,221,676,433
United States notes Federal reserve notes Federal reserve bank notes National-bank notes Total notes
9,567,164 286,273,059 2,545,783 22,962,456 337,113,852 3,119,604,061 198,680,017 696,075,274 346,681,016 3,405,877,120 201,225,800 719,037,730
321,348,462 4,351,473,204 4,672,821,666
Aggregate metallic and notes Gold certificates 2,317,522,487 5,576,975,612 7,894,498,099
984,994,204 5,982,517 2,773 390,665,365 118,257,883 1,656,227
Silver certificates
Treasury notes of 1890 Total certificates and notes
990,979,494 510,579,475
Auurp.uatp, 6,087,555,087 7,894,498,099
26 REPORT OF THE TREASURER OF THE UNITED STATES. -
The. percentage of gold coin and bullion to the total stock of money since July 1, 1910, is shown in the statement following:
Ratio of gold to total stock of money from July 1, 1910.
|From revised statements of the Treasury Department.]
Date. Total stock of money. Gold. Per cent.
July 1— 1910 93,419,591,483 91,636,043,478 47.85
1911 3,555,958,977 1,753,196,722 49.30
1912 3,648,870,650 1,818,188,417 49.82
1913 3,720,070,016 1,870,761,835 50.28
1914 3,738,288,871 1,890,656,791 50.57
1915 3,989,456,186 1,985,539,172 49.76
1916 4,482,859,133 2,449,706,205 54.64
1917 5,407,990,026 3,019,146,563 55.77
1918 6,741,072,294 3,075,788,838 45.60
1919 7,518,789,000 3,026,591,090 40.25
1920 7,894,498,099 2,693,963,700 34.12
MONEY IN CIRCULATION.
The kinds of money in circulation, the circulation per capita, and the percentage of gold coin and certificates to the total circulation may be studied from the table following:
Money in circulation at the end of each fiscal year from 1910.
Fiscal year. Money in circulation. Circulation per capita. Percentage of gold coin and certificates to total circulation.
Gold coin and gold certificates. United States notes, Treasury notes, and Federal reserve notes. Nationalbank notes.1 Silver coin and silver certificates. Total.
1910 $1,393,632,192 $338,450,395 $686,659,535 $686,613,483 $3,102,355,605 $34.33 44.91
1911.... 1,519,663,467 342i226^378 687,701,283 664,411,468 3,214,002,596 34.20 47.28
1912.... 1,554,159,771 340,612,891 705,142,259 684,598,172 3,284,513,093 34.34 47.31
1913 1,612,398,508 339,871,850 715,754,236 695,713,855 3,363,738,449 34.56 47.93
1914.... 1,637,693,820 340,273,410 715,180,037 708,868,160 3,402,015,427 34.35 48.14
1915 1,662,981,438 414,961,583 785,393,047 705,883,506 3,569,219,574 35.44 46.59
1916.... 2,051,072,561 516,918,497 728,362,789 727,743,915 4,024,097,762 39.28 50.97
1917 2,428,226,886 882,344,091 710,142,341 742,862,314 4,763,575,632 45.74 50.97
1918 1,932,430,775 2,054,968,181 718,313,171 673,715,297 5,379,427,424 50.81 35.92
1919 1,642,715,535 2,828,637,649 812,887,471 481,789,318 5,766,029,973 53.59 28.48
1920 1,229,909,918 3,458,374,140 894,755,291 504,515,738 6,087,555,087 56.81 20.20
1 Including Federal reserve bank notes.
CIRCULATION AND POPULATION.
The annexed statement presents for 11 years the money in circulation, the population, the circulation per capita, the per cent of increase of population, and the per cent of increase of circulation per capita per year.
REPORT OF THE TREASURER OF THE UNITED STATES.
27
Increase in population and in circulation per capita.
. Fiscal year. Money in circulation. Population. Circulation per capita. Per cent of increase of population per year. Per cent of increase of circulation per capita per year.
1910 $3,102,355,605 90,363,000 $34.33 1.6 1 1 7
1911 3,214,002,596 93,983', 000 34.20 4.0 1 3
1912 3,284,513,093 95' 656' 000 34.34 1.7 4
1913 3,363' 738' 449 97,337,000 34.56 1.7 6
1914 3,402,015,427 99' 027' 000 34.35 1.7 1 .6
1915 3,569,219,574 100,725,000 35.44 1.7 3 1
1916 4,024,097,762 102', 431' 000 39.28 1.7 10 8
1917 4' 763* 575' 632 104^ 145' 000 45.74 1.7 16.4
1918 5,379,427,424 105'869,000 50.81 1.6 11.1
1919 5,766,029,973 107', 600' 000 53.59 1.6 5.4
1920 6,087,555,087 107,155,000 56.81 1 .4 6.0
1 Decrease.
PAPER CURRENCY ISSUED DIRECTLY BY THE GOVERNMENT.
The paper currency issued directly by the Government is of three kinds, viz: United States notes, gold certificates, and silver certificates. The $1 and $2 denominations are authorized in the issues of United States notes and silver certificates only. There is constant demand in all parts of the country for these small notes, which, through the process of redeeming and retiring the higher denominations and replacing the same by the smaller bills, has enabled the Treasury to respond in almost full measure to the demands for such denominations.
The amounts of each kind of United States paper currency issued and redeemed, by denominations, during the fiscal year 1920 are set out under the respective headings in the tables following.
UNITED STATES NOTES.
The United States notes are the well-known “greenbacks,” or “legal tenders,” the first issue of which was authorized by the act of February 25, 1862. The total amount authorized was $450,-000,000, and the highest amount outstanding at any time was $449,338,902, on January 30, 1864.
The reduction from the original issue of $450,000,000 to the present amount outstanding, $346,681,016, was caused as follows:
The act of April 12, 1866, provided that United States notes might be retired to the extent of $10,000,000 during the ensuing six months, and thereafter they might be retired'at the rate of not more than $4,000,000 per month. This authority remained in force until it was suspended by the act of February 4, 1868. The actual reduction in the amount of said notes in the meantime was $94,000,000, leaving the outstanding at $356,000,000. No change was made in the volume of United States notes outstanding until after the panic of 1873, when, in response to popular demand, the Government reissued $26,000,000 of the canceled notes, this brought the amount outstanding to $382,000,000, and it so remained until the resumption act of January 14, 1875, provided that whenever
28
REPORT OF THE TREASURER OF THE UNITED STATES.
circulating notes shall be issued to existing banking associations or to newly organized banking associations it shall be the duty of the Secretary of the Treasury to redeem the legal-tender United States notes to the amount of 80 per cent of the sum of national-bank notes so issued to banking associations and to continue such redemption as such circulating notes are issued until there shall be outstanding the sum of $300,000,000 of such legal-tender United States notes, and no more. The process of redemption was, however, again stopped by the act of May 31, 1878, which required the notes to be reissued when redeemed. At that time the amount outstanding was $346,681,016, and it has not been changed since, though $546,-466,414 of these notes have been redeemed in gold under the provisions of the act of January 14, 1875 (resumption act), and paid out again, a proceeding which was properly designated as “the endless chain.” The act of March 14, 1900, modified the operations of the-resumption act by requiring that the notes redeemed in gold shall not be paid out again until exchanged for gold, and under this act $547,391,518 of the notes have been redeemed in and exchanged for gold, making a total of $1,093,857,932 in gold that has been paid in redemption of United, States notes since January 1, 1879, and yet, in spite of these payments, the volume outstanding remains the same as on May 31, 1878.
In order to increase the resources of the Treasury for the issue of small denominations, for which there is constant demand, the Secretary of the Treasury on December 22, 1916, under the provisions of the act of March 4, 1907, authorized the issue of $1 and $2 United States notes.
The transactions in this currency, by denominations, during the fiscal year 1920 are shown in the statement following:
Denomination. Outstanding June 30,1919. Fiscal year 1920. Outstanding June 30,1920.
Issued. Redeemed.
One dollar 8105,597,601 48,631,547 142,295,500 31,438,951 8182,360,000 54,776,000 82,700,000 $146,597,785 53,128,320 108,211,985 10,367,410 $141,359,816
Two dollars 50^ 279' 227
Five dollars 118,436,625 21,071,541 5,769,482
Ten dollars
Twenty dollars 7,712,242 1,092,575 1,942,760 93,450
Fifty dollars ' 999' 125
One"hundred dollars 1,793,600 1,305,000 7,804,000 207'400 159,000 1,586'200
Five hundred dollars 1,146,000
One thousand dollars 781,000 7,023,000
Five thousand dollars
Ten thousand dollars 10,000 10,000
Total 347,681,016 1,000,000 319,836,000 319,836,000 347,681,016 1,000,000
Unknown, destroyed
Net 346,681,016 319,836,000 319,836,000 346,681,016 9,567,164
Less amount held in Treasury 13,818,465
Net 332,862,551 337,113,852
TREASURY NOTES OF 1890.
The issue of Treasury notes of 1890 for the purchase of silver bullion began on August 19, 1890, and from that date to November 1, 1893 (the date of the repeal of the purchasing clause of the act),, the Government had purchased 168,674,682.53 fine ounces, at a cost of $155,931,002, for which Treasury notes had been paid.
REPORT OF THE TREASURER OF THE UNITED STATES.
29
The amount of Treasury notes redeemed in gold up to the close of the fiscal year 1920 was $110,714,364. Treasury notes redeemed in standard silver dollars are canceled and retired in accordance with the requirements of the act of 1890, and to the close of the year $85,000,867 had been so redeemed and retired. Sections 5 and 8 of the act of March 14, 1900, also provide for the cancellation and retirement of Treasury notes to an amount equal to the coinage of standard silver dollars and subsidiary silver coin from the bullion purchased with such notes. The cancellation of notes on account of coinage since March 14, 1900, was $69,271,135, so that there remained outstanding June 30, 1920, but $1,659,000, offset by an equal amount of standard silver dollars held in the trust funds for their redemption when presented.
The amount of each denomination issued, redeemed, and outstanding may be observed in the subjoined statement:
Denomination. Total issued. Redeemed during year. Total redeemed. Outstand ing June 30,1920.
One dollar $64,704,000 49,808,000 120,740,000 104,680,000 35,760,000 1,175,000 18,000,000 52,568,000 $3,350 2,940 19,130 37,560 20,220 500 7,300 4,000 $64,382,223 49,607,820 120,323,197 104,275,550 35,582,410 1,166,700 17,926,100 52,512,000 ■$321,777 200,180 416,803 404,450 177,590 8,300 73,900 56,000
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fiftv dollars
One hundred dollars
One thousand dollars
Total
447,435,000 95,000 445,776,000 1,659,000 2,773
Less amount held in the Treasury
Net
1,656,227
GOLD CERTIFICATES.
The transactions in this currency during the fiscal year 1920 are recorded by denominations in the statement following:
Denomination.
Ten dollars.................
Twenty dollars..............
Fifty dollars...............
One hundred dollars.........
Five hundred dollars........
One thousand dollars........
Five thousand dollars.......
Ten thousand dollars........
Total.................
Less amount held in Treasury.
Net...................
Outstanding June 30, 1919. Fiscal year 1920. Outstanding June 30, 1920.
Issued. Redeemed.
$234,686,465 206,380,624 59,798,080 84,797,000 25,240,000 126,027,500 142,200,000 671,130,000 $12,210,000 $38,055,090 39,281,660 3,708,650 4,765,200 7,047,500 16,742,000 240,000 76,970,000 8196,631,375 167,098,964 56,089,430 80,031,800 18,192,500 109,285,500 141,960,000 606,370,000
1,550,259,669 814,480,178 12,210,000 186,810,100 1,375,659,569 790,935,924
735,779,491 584,723,645
SILVER CERTIFICATES.
The act of February 28, 1878, authorized such certificates in denominations of $10 and above to $1,000. The act of August 4, 1886, authorized the denominations of $1, $2, and $5. The act of March 14, 1900, provided that thereafter the issue of silver certificates
30
REPORT OF THE TREASURER OF THE UNITED STATES.
should be limited to the denominations of $10 and under, except that 10 per cent of the total volume of such certificates, in the discretion of the Secretary of the Treasury, may be issued in denominations of $20, $50, and $100. The act of April 23, 1918, authorized the Secretary of the Treasury to melt or break up and to sell as bullion not in excess of 350,000,000 standard silver dollars held in the Treasury. Any silver certificates which may be outstanding against such standard silver dollars so melted or broken up shall be retired at the rate of $1 face amount of such certificates for each standard silver dollar so melted or broken up. Operations under this act has decreased the general stock of standard silver dollars by $270,121,554, with a resultant diminution in the volume of silver certificates outstanding.
The total amount of silver certificates outstanding, by denominations, at the close of the fiscal years 1919 and 1920 may be observed in the table following:
Denomination.
Outstanding June 30,1919.
Fiscal year 1920.
Issued.
Redeemed.
Outstanding June 30,1920.
One dollar.......................
Two dollars......................
Five dollars.......................
Ten dollars......................
Twenty dollars...................
Fifty dollars....................
One hundred dollars...............
Five hundred dollars..............
One thousand dollars.............
Total......................
Less amount held in the Treasury
Net........................
$114,786,888 21,282,049 45,966,437
7,697,781 8,459,990 5,471,035
248,820 14,000 16,000
203,943,000 34,794,705
169,148,295
$51,156,000
14,816,000
$105,197,871 19,830,724 13,823,085 2,453,810 2,676,660 1,675,350 12,600 500
1,000
$60,745,017 16,267,325 32,143,352
5,240,971 5,783,330 3,795,685
236,220 13,500 15,000
65,972,000
145,674,600
124,240,400
5,982,517
118,257,88a
CHANGES IN DENOMINATIONS.
The extension of habitation into remote districts, multiplication of lines of traffic, and the development of industrial activities are some of the requirements that must be provided for by an annual increase of the smaller denominations of paper money in circulation. The resources of the Treasury for the issue of paper money of such denominations are practically limited to the presentations of the higher denominations which are redeemed and retired and are replaced by the smaller bills. The demand for small denominations is generally urgent during the first half of the fiscal year, but from January to July such notes are usually returned in great numbers to the Treasury for redemption with requests for larger denominations in return.
The changes effected during the fiscal year 1920 in the total amount of United States paper currency of each denomination outstanding may be studied from the comparative statement following:
REPORT OF THE TREASURER OF THE UNITED STATES,
31
Denomination. Outstanding June 30,1919. Fiscal year 1920. Outstanding June 30,1920.
Issued. Redeemed.
One dollar $220,709,615 70,116,717 188,697,870 274,265,207 222,750,666 66,370,490 86,920,620 26,559,000 133,907,500 142,200,000 671,140,000 $233,516,000 69,592,000 82,700,000 $251,799,006 72,961,984 120,401,090 50,916,870 43,921,300 5,477,950 4,992,500 7,207,000 17,528,000 240,000 76,970,000 $202,426,609 66,746,733 150,996,780 223,348,337 178,829,366 60,892,540 81,928,120 19,352,000 116,379,500 141,960,000 606,380,000
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars One thousand dollars. Five thousand dollars Ten thousand dollars Total Unknown, destroyed Net
12,210,000
2,103,637,685 1,000,000 398,018,000 652,415,700 1,849,239,985 1,000,000
2,102,637,685 398,018,000 652,415,700 1,848,239,985
PIECES OF UNITED STATES PAPER CURRENCY OUTSTANDING.
The number of pieces of United States paper currency outstanding and the total value at the close of each month for the fiscal years 1919 and 1920 may be studied from the comparative statement following:
Month. Fiscal year 1919 outstanding. Fiscal year 1920 outstanding.
Number of pieces. Total value. Number of pieces. Total value.
July 410,395,426 $2,770,193,685 327,630,598 $2,037,756,085
August 405,652,914 2,411,463,685 323,629, 022 2,013,830,085
September 405’ 036' 879 2,396,277,685 321,385,899 2,009,153,085
October 401'477'356 2,371,433,685 316,352,752 1,993,638,485
November 393826' 402 2'347'565'685 317'404'136 1,982,177,485
December 383,835,552 2,311,504,685 318,311,019 1,966,838,485
January 373,023,234 2,264,290,685 311^831'073 1,949,459,085
February 364,033,021 2,236,374,685 307,914,913 1,936,691,085
March 356,963,601 2,195,973,685 305,566,616 1'878,200,985
April 347,631,403 2,155,402,685 303,820,877 1,868,122,985
May 339,914,837 2,129,780,685 303,179,838 1,858,037,985
June 334,550,753 2,104,197,685 299,556,877 1,849,239,985
COST OF PAPER CURRENCY.
The paper used is made by a secret process under Treasury supervision by annual contract under competitive bids. The Bureau of Engraving and Printing, a branch of the department, designs, under the direction of the Secretary, engraves, and prints the notes and certificates complete. This currency is delivered to the Treasurer in packages of 4,000 notes, the product of 1,000 sheets of paper. Such a package is taken as the unit from which to reckon the cost.
With the allowance for every item of expense attending the making, the issue, and the redemption of this paper currency, it appears that the average cost is as follows:
Total average expense of 4,000 notes issued........................ $52. 50
Total average expense of 4,000 notes redeemed........................ 8. 54
Aggregate average expense of issue and redemption............. 61.04
32
REPORT OF THE TREASURER OF THE UNITED STATES.
It appears from the foregoing that the average cost for each note is about 1.526 cents. Calculations based upon these average expenses of issue and redemption indicate results that will be very close to the actual cost of maintenance of the paper currency, and such cost for the fiscal years 1919 and 1920 may be studied from the details set forth in the subjoined statement:
Total expense of issue and redemption.
Fiscal year. Number of pieces. Cost per 1,000 pieces. Total cost. *
1919. Issued 260,333,343 342, 789.832 $13.125 2.135 $3,416,875.13 731,856.29
Redeemed
Total
4,148,731.42
1920. Issued
284,853,221 319,844,159 13.125 2.135 3,736,698.52 682,867.28
Redeemed
Total
4,419,565.80
United States paper currency outstanding and cost of maintenance.
Fiscal year. Amount outstanding. Cost of maintenance.
Amount. Per cent.
1919 $2,103,197,685. 00 1,848,239,985.00 $4,148,731.42 4,419,565.80 0.197 .239
1920
In this connection attention is invited to the saving of abrasion on the gold and silver coins held in the Treasury against outstanding certificates and notes, which to all intents and purposes is an offsetting item against the cost of the paper currency issued directly by the Government, though not so treated in the foregoing calculations.
AVERAGE LIFE OF PAPER CURRENCY.
The average length of service, in years, of the different kinds and denominations of paper currency is shown in the statement following:
Estimated length of service of paper currency.
Denomination.
One dollar.......................................
Two dollars......................................
Five dollars.....................................
Ten dollars......................................
Twenty dollars...................................
Fifty dollars....................................
One hundred dollars..............................
Five hundred dollars.............................
One thousand dollars.............................
Five thousand dollars............................
Ten thousand dollars.............................
All denominations..........................
United States notes. Treasury notes. Gold certificates. Silver certificates. National bank notes.
1.61 1.78 1.01 4.53
2.13 1.91 1.17 4. 59
2.45 2.99 1.88 2.38
3. 58 3. 77 2.35 3.35 2.31
5. 95 4. 05 3.53 3.89 2.79
6.18 3.78 3.93 2.84 3.36
6.16 3. 67 4.16 2. 81 3. 76
3.79 3.99 1.89 5.14
4.21 1.92 3.89 1.42 3.34
.32 2. 72
.16 1.77
2. 29 2.24 2.81 1.20 2.48
REPORT OF THE TREASURER OF THE UNITED STATES. 33
The greater longevity of the Government issues of the denominations of $10, $20, $50, and $100 is due to the fact that these notes were formerly held from year to year in bank reserves.
The national-bank circulation, it is fair to state, owes its apparent advantage of longevity to the circumstance that the original plan of redemption was found to be practically inefficient. Since the inauguration of the present system of redemption in the office of the Treasurer on July 1, 1874, these notes have been freely retired on becoming unserviceable with a consequent shortening of their life, but the records of the earlier period still affect the calculations based on the whole history of the issue.
PAPER CURRENCY PREPARED FOR ISSUE AND AMOUNT ISSUED.
At the close of the fiscal year 1920 the pieces of United States paper currency outstanding numbered 299,556,877, of the total value of $1,849,239,985. The Treasury has to maintain this great number of pieces and also to provide for the annual growth in the number of pieces of such denominations as may be in demand. Experience and forethought prompt the preparation of an adequate volume of paper currency of the kinds and denominations authorized by law in advance of putting it in circulation. For many years it has been the practice of the department to keep the reserve vault well stocked with such currency in order that it may be properly seasoned before it is paid out.
The paper currency prepared for issue and the amount issued during each fiscal year from 1910 may be studied from the annexed statement:
Fiscal year. Prepared for issue. Paper currency issued.
Number of notes and certificates. Total value. Average value. Number of notes and certificates. Total value. Average value.
1910 235,210,400 •8809,579,600 83.441 240,990,922 8767,115,600 83.183
1911 268,450^000 957', 744; 000 3.567 267,207,921 913,540,000 3.418
1912 301,302,000 990,096,000 3.286 290'809,347 916,852,000 3.152
1913 307,188,000 903,716,000 2.941 318,264,407 1,035,462,000 3.253
1914 294i 418', 000 1,179,280, 000 4.005 298,780,482 1,075,308,000 3. 598
1915 284,436,000 1,214,252,000 4.268 280,174,317 1,164,718,000 4.157
1916 359,986,000 1', 628', 720,000 4.524 358,838,465 1,510,334,000 4.208
1917 391,962,000 2,919,228,000 7.447 390,016,642 2,068,356,000 5.303
1918 352,523,000 1,028,488,000 2.917 354,519,271 753,124,000 2.125
1919 267,264,000 348,824,000 1.305 260,333,387 350,138,000 1.345
1920 280,448,000 371,112,000 1.323 284,853,221 398,018,000 1.397
15170—20----3
34
REPORT OF THE TREASURER OF THE UNITED STATES,
The number of pieces and amount issued monthly for the fiscal years 1919 and 1920 are set out in the table following:
United States paper currency issued during the fiscal years 1919 and 1920.
Month. Fiscal year 1919. Fiscal year 1920.
Number of notes and certificates. Total value. Average value of notes •and certificates. Number of notes and certificates. Total value. Average value of notes and certificates.
July 24,024,014 828,336,000 $1.179 25,372,156 $37,112,000 $1. 462'
August. 25,820,117 32,250,000 1.249 24,276,000 32,460,000 1.337
September 23,296,339 33,406,000 1.433 24,792,500 41,852,000 1.688.
October 20,084,170 27,968,000 1.392 26,004,000 36,920,000 1.419
November 16,772,379 25,594,000 1.525 25,468,201 36,846,000 1. 446
December 15,164,019 20,738,000 1.367 27,120,000 34,028,000 1.254
January 19,592,032 26,200,000 1.337 20,808,001 31,310,000 1.504
February' 18,420,039 25,366,000 1.377 19,036,004 23,372,000 1.227
March 24,868,072 34,248,000 1.377 21,556,100 26,684,000 36,746,000 1.237
April 22,372,026 30,260,000 1.352 26,976,103 1.362
May 23,980,035 30,110,000 1. 255 25,072,100 33,432,000 1.333
June •r 25,940,145 35,662,000 1.357 18,372,100 27,696,000 1.507
Total 260,333,387 350,138,000 1.345 284,853,221 398,018,000 1.397
Per cent of increase over preceding year 126.5 153.6 9.4 13.6
1 Decrease.
SUPPLY OF UNITED STATES PAPER CURRENCY HELD IN RESERVE.
The pieces of United States paper currency held in the reserve vault at the close of the fiscal year 1920 numbered 27,432,583 of the total value of $1,677,112,000. A comparison by number of pieces of each denomination and total value of such currency held in the reserve vault at the close of the fiscal years 1919 and 1920 may be studied in the subjoined statement.
Denomination. Held June 30, 1919. Held June 30, 1920.
Number of pieces. Total value. Number of pieces. Total value.
One dollar 12,828,000 $12,828,000 10,364,000 $10,364,000
Two dollars 3' 480' 000 6,'960'000 4', 324', 000 8j 648; 000
Five dollars 8' 688' 000 43,440,000 5,904,000 29; 520; 000
Ten dollars 3'180'000 31,800,000 3' 180j 000 3i; 800/100
Twenty dollars 2,240,000 24', 800' 000 2,240' 000 44,800,000
Fifty dollars ' 760,' 000 38,000, 000 ' 760^ 000 38;000;000
One hundred dollars ■420' 000 42' 000' 000 420' 000 42;000; 000
Five hundred dollars 48'500 24j 250' 000 48,500 24; 250,000
One thousand dollars 39j 400 39j 400j 000 39;400 39,400,000
Five thousand dollars 23,700 118' 500,000 23,700 118,500,000
Ten thousand dollars 43,700 437,000,000 43,700 437,000,000
Order gold certificates 86' 504 865j 040;000 85i 283 852; 830; 000
Total 31,837,804 1,704,018,000 27,432,583 1,677,112,000
REDEMPTIONS OF PAPER CURRENCY.
The pieces of United States paper currency redeemed during the fiscal year 1920 numbered 319,844,159 of the total value of $652,415,700. The pieces redeemed were 34,990,938 more than those issued and the amount was $254,397,700 more than the amount issued during the year.
REPORT OF THE TREASURER OF THE UNITED STATES.
35
A comparison, by months, for the fiscal years 1919 and 1920 may be observed in the statement following:
United States paper currency redeemed during the fiscal years 1919 and 1920.
Month. Fiscal year 1919. Fiscal year 1920.
Number of notes and certificates. Total value. Average value of notes and certificates. Number of notes and certificates. Total value. Average value of notes and certificates.
July August September October November December January February March April May June Total. Ter cent of increase over preceding year 30,635,830 30,562,631 23,912,373 23,643,690 24,423,333 25,162,870 30,396,350 27,410,254 31,937,490 31,704,222 31,696,584 31,304,205 $113,358,000 78,999,000 48,592,000 52,812,000 49,462,000 56,799,000 63,414,000 63,282,000 74,649,000 70,831,000 55,732,000 61,805,000 $3. 700 2.584 2.032 2.233 2.025 2.257 2.086 2.308 2. 337 ' 2. 234 1.758 1. 974 32,292,310 28,277,576 27,035.622 30,934; 167 24,516,817 26,213,116 27,287,949 22,952,163 23,904,397 28.721,843 25,713,137 21,995,062 $102,553,600 56,386,000 46,529,000 52,434,600 48,307,000 49,367,000 48,698,400 36,131,000 85,174,100 46,824,000 43,517,000 36,494,000 $3.175 1.9941 1.721’. 1. 695> 1.970/ 1.88# 1.784 1. 574 3. 563 1.630 1.672 1.650
342,789,832 i 3. 56 789,735,000 1 31.0 2.303 319,844,159 i 6.6 652,415,700 1 17.3 2.030
1 Decrease.
STANDARD SILVER DOLLARS.
The stock of standard silver dollars in the United States at the' beginning of the fiscal year 1920 was $308,145,759. During the year the Secretary of the Treasury allotted to the Director of the Mint $10,000,000 standard silver dollars for the purpose of providing' silver for subsidiary coinage, under provisions of the following %ct of Congress, viz:
AN ACT To conserve the gold supply of the United States; to permit the settlement in silver.of trade balances adverse to the United States; to provide silver for subsidiary coinage and for commercial use; to-assist foreign governments at war with the enemies of the United States; and for the above purposes-to stabilize the price and encourage the production of silver.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the the Secretary of the Treasury is hereby authorized from time to time to melt or break up and to sell as bullion not in excess of three hundred and fifty million standard silver dollars now or hereafter held in the Treasury of the United States. Any silver certificates which may be outstanding against such standard silver dollars so melted or broken up shall be retired at the rate of $1 face amount of such certificates for each standard silver dollar so melted or broken up. Sales of such bullion shall be made at such prices not less than $1 per ounce of silver one thousand fine and upon such terms as shall be established from time to time by the Secretary of the Treasury.
Sec. 2. That upon every such sale of bullion from time to time the Secretary of the Treasury shall immediately direct the Director of the Mint to purchase in the United States, of the product of mines situated in the United States and of reduction works so located, an amount of silver equal to three hundred and seventy-one and twenty-five hundredths grains of pure silver in respect of every standard silver dollar so melted or broken up and sold as bullion. Such purchases shall be made in accordance with the then existing regulations of the mint and at the fixed price of $1 per ounce of silver one thousand fine, delivered at the option of the Director of the Mint at New York, Philadelphia, Denver, or San Francisco. Such silver so-purchased may be resold for any of the purposes hereinafter specified in section three of this act, under rules and regulations to be established by the Secretary of the Treasury, and any excess of such silver so purchased over and above the requirements-, for such purposes shall be coined into standard silver dollars or held for the purpose-of such coinage, and silver certificates shall be issued to the amount of such coinage. The net amount of silver so purchased, after making allowance for all resales, shall
36
REPORT OF THE TREASURER OF THE UNITED STATES.
not exceed at any one time the amount needed to coin an aggregate number of standard silver dollars equal to the aggregate number of standard silver dollars theretofore melted or broken up and sold as bullion under the provisions of this act, but such purchases of silver shall continue until the net amount of silver so purchased, after making allowance for all resales, shall be sufficient to coin therefrom an aggregate number of standard silver dollars equal to the aggregate number of standard silver dollars theretofore so melted or broken up and sold as bullion.
Sec. 3. That sales of silver bullion under authority of this act may be made for the purpose of conserving the existing stock of gold in the United States, of facilitating the settlement in silver of trade balances adverse to the United States, of providing silver for subsidiary coinage and for commercial use, and of assisting foreign governments at war with the enemies of the United States. The allocation of any silver to the Director of the Mint for subsidiary coinage shall, for the purposes of this act, be regarded as a sale or resale.
Sec. 4. That the Secretary of the Treasury is authorized, from any moneys in the Treasury not otherwise appropriated, to reimburse the Treasurer of the United States for the difference between the nominal or face value of all standard silver dollars so melted or broken up and the value of the silver bullion, at $1 per ounce of silver one thousand fine, resulting from the melting or breaking up of such standard silver dollars.
Sec. 5. That in order to prevent contraction of the currency, the Federal reserve banks may be either permitted or required by the Federal Reserve Board, at the request of the Secretary of the Treasury, to issue Federal reserve bank notes, in any denominations (including denominations of $1 and $2) authorized by the Federal Reserve Board, in an aggregate amount not exceeding the amount of standard silver dollars melted or broken up and sold as bullion under authority of this act, upon deposit as provided by law with the Treasurer of the United' States as security therefor, of United States certificates of indebtedness, or of United States one-year gold notes. The Secretary of the Treasury may, at his option, extend the time of payment of any maturing United States certificate of indebtedness deposited as security for such Federal reserve bank notes for any period not exceeding one year at any one extension and may, at his option, pay such certificates of indebtedness prior to maturity, whether or not so extended. The deposit of United States certificates of indebtedness by Federal reserve banks as security for Federal reserve bank notes under authority of this act shall be deemed to constitute an agreement on the part of the Federal reserve bank making such deposit that the Secretary of the Treasury may so extend the time of payment of such certificates of indebtedness beyond the original maturity date or beyond any maturity date to which such certificates of indebtedness may have been extended, and that the Secretary of the Treasury may pay such certificates in advance of maturity, whether or not so extended.
Sec. 6. That as and when standard silver dollars shall be coined out of bullion purchased under authority of this act, the Federal reserve banks shall be required by the Federal Reserve Board to retire Federal reserve bank notes issued under authority of section five of this act, if then outstanding, in an amount equal to the amount of standard silver dollars so coined, and the Secretary of the Treasury shall pay off and cancel any United States certificates of indebtedness deposited as security for Federal reserve bank notes so retired.
Sec. 7. That the tax on any Federal reserve bank notes issued under authority of this act, secured by the deposit of United States certificates of indebtedness or United States one-year gold notes, shall be so adjusted that the net return on such certificates of indebtedness, or such one-year gold notes, calculated on the face value thereof, shall be equal to the net return on United States two per cent bonds, used to secure Federal reserve bank notes, after deducting the amount of the tax upon such Federal reserve bank notes so secured.
Sec. 8. That except as herein provided, Federal reserve bank notes issued under authority of this act, shall be subject to all existing provisions of law relating to Federal reserve bank notes.
Sec. 9. That the provisions of Title VII of an act approved June fifteenth, nineteen hundred and seventeen, entitled “An act to punish acts of interference with the foreign relations, the neutrality, and the foreign commerce of the United States, to punish espionage, and better to enforce the criminal laws of the United States, and for other purposes,” and the powers conferred upon the President by subsection (&) of section five of an act approved October sixth, nineteen hundred and seventeen, known as the “Trading with the Enemy Act,” shall in so far as applicable to the exportation from or shipment from or taking out of the United States of silver coin or silver bullion, continue until the net amount of silver required by section two of this act shall have been purchased as therein provided.
Approved, April 23, 1918.
REPORT OF THE TREASURER OF THE UNITED STATES. 37
Under the provisions of the foregoing act of Congress the Secretary of the Treasury has disposed of standard silver dollars as follows:
Melted or broken up and sold as bullion............................... $259,121, 554
Allotted for subsidiary coinage....................................... 11,000, 000
Total................................................ 270,121, 554
During the fiscal year 1920, $29,287,142 in standard silver dollars were withdrawn and exported and 1,123 mutilated silver dollars were bpught by the mints and melted.
The general stock of standard silver dollars in the country on June 30, 1920, was $268,857,494, of which $134,007,710 were in circulation and $134,849,784 were held in the Treasury, against which Treasury notes and silver certificates to the amount of $119,914,110 were outstanding. Standard silver dollars are shipped to depositors therefor at the expense of the consignee for transportation charges when there is demand for the same, but the silver dollars thus sent out remain in circulation only a short time.
SUBSIDIARY SILVER COIN.
The stock of subsidiary silver coin in the United States at the close of the fiscal year 1920 was $258,855,239, of which $252,250,145 was in circulation and the balance, $6,605,094, was held in the Treasury. There is constant demand for such coins and they are shipped to depositors therefor at the expense of the consignee for transportation charges.
The subsidiary silver coins are redeemable in lawful money of the United States by the Treasurer or any assistant treasurer, and such coins are paid over the counter of Treasury offices in exchange for other kinds of money.
MINOR COINS.
The current minor coins are the bronze 1-cent pieces and the nickel 5-cent pieces. They are in great demand and are shipped to depositors therefor at the expense of the consignee for transportation charges, and they are paid over the counter at Treasury offices in in exchange for other kinds of money. Such coins are redeemable in the lawful money of the United States when presented in sums or multiples of $20 to the Treasurer or any assistant treasurer of the United States. The minor coins are not included in the stated stock of money in the country.
The amount of each denomination of minor coin outstanding at the close of the fiscal years 1919 and 1920 is shown in the statement following:
Denomination. Outstanding June 30,1919. Fiscal year 1920. Outstanding June 30, 1920.
Coined. Remelted.
Copper cents SI, 180,858.81 883.45 81,180,775.36
Copper half cents 39'926.11 39,926.11
Copper nickel cents 1,201,376.57 103.21 1,201,273.36
Bronze 1-cent pieces 33'826'740.72 85,126,070.00 28,634.53 38' 924' 176.19
Bronze 2-cent pieces 570,155.54 148.18 ' 570^ 007.36
Nickel 3-cent pieces 655'584.65 160.98 655', 423.67
Nickel 5-cent pieces 49,082,394.77 4,566,750.00 94,390.44 53,554,754.33
Total 86,557,037.17 9,692,820.00 123,520.79 96,126,336.38
38 REPORT OF THE TREASURER OF THE UNITED STATES.
UNITED STATES CURRENCY.
LEGAL TENDER.
Definition of the term 11 legal tender. ”—“Money of a character which by law a debtor may require his creditor to receive in payment, in the absence of any agreement in the contract or obligation itself.”—-Bouvier’s Law Dictionary.
Gold coins.—The gold coins of the United States are a legal tender in all payments at their nominal value when not below the standard weight and limit of tolerance provided by law for tbe single piece, and, when reduced in weight below such standard and tolerance, are a legal tender at valuation in proportion to their actual weight.— Act of Feb. 12, 1873, 17 Stat., p. 426; R. S., sec. 3585.
Standard silver dollars are a legal tender at their nominal value for all debts and dues, public and private, except where otherwise expressly stipulated in the contract.—Act of Feb. 28, 1878, 20 Stat., p. 25.
Subsidiary silver coin.—The silver coins of the United States of smaller denominations than $1 are a legal tender in all sums not exceeding $10 in full payment of all dues, public and private.—Act of June 9, 1879, 21 Stat., p. 457.
Minor coin (coins of copper, bronze, or copper-nickel).—Minor coins are a legal tender at their nominal value for any amount not exceeding 25 cents in any one payment.—Act of Feb. 12, 1873, 17 Stat., p. 426.
United States notes (known as legal tender notes, or “greenbacks”).—They are a legal tender in payment of all debts, public and private, within the United States, except duties on imports and interest on the public debt.—Act of Mar. 3, 1863, 12 Stat., p. 711; R. S., sec. 3588.
Legal tender cases: Against constitutionality, Hepburn v. Griswold (8 Wall., 603)..
For constitutionality, Knox v. Lee (12 Wall., 457); Parker v. Davis (12 Wall., 559).
Demand Treasury notes authorized by the act of July 17, 1861 (12 Stat., p. 259), and the act of February 12, 1862 (12 Stat., p. 338), are lawful money and a legal tender in like manner as United States notes.—R. S. sec. 3589.
One and two year notes of 1863.—These notes, redeemable one year from date and two years from date, bearing interest at 5 per cent per annum, are a legal tender for their face value, exclusive of interest.—Act of Mar. 3, 1863, 12 Stat., p. 710.
Compound interest notes.—These notes were payable at any time after three years from date, and bearing interest not exceeding 71% per cent, payable in lawful money at maturity, or, at the discretion of the Secretary of the Treasury, semiannually; and such of them as should be made payable, principal and interest, at maturity, to be a legal tender to the same extent as United States notes for their face value, excluding interest.—Act of June 30, 1864, 13 Stat., p. 218.
Treasury notes of 1890 are a legal tender in payment of all debts, public and private, except where otherwise expressly stipulated in the contract, and are receivable for customs, taxes, and all public dues.—Act of July 14, 1890, 26 Stat., p. 289.
REPORT OF THE TREASURER OF THE UNITED STATES. 39
Columbian half dollars are a legal tender to the same extent as subsidiary silver coin, i. e., $10 in any one payment.—Act of Aug. 5, 1892, 27 Stat., p. 389.
Columbian quarters are a legal tender to the same extent as subsidiary silver coin; i. e., $10 in any one payment.—Act of Mar. 3, 1893, 27 Stat., p. 586.
Gold certificates of the United States, payable to bearer on demand, are a legal tender in payment of all debts and dues, public and private.—Act of Dec. 24, 1919.
NOT LEGAL TENDER.
Gold certificates payable to order are not a legal tender. They are receivable for customs, taxes, and all public dues.—Act of July 12, 1882, 22 Stat., p. 165.
Silver certificates are not a legal tender. They are receivable for customs, taxes, and all public dues.—Act of Feb. 28, 1878, 20 Stat., p. 25.
National-bank notes are not a legal tender. They are receivable at par in all parts of the United States in payment of taxes, excises, public lands, and all other dues to the United States, except duties on imports: and also for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations within the United States, except interest on the public debt and in redemption of the national currency.—Act of June 3, 1864, 13 Stat., p. 106; R. S., sec. 5182.
Trade dollars are not a legal tender. By the act of February 12, 1873 (17 Stat., p. 424), they were a legal tender at their nominal value for any amount not exceeding $5 in any one payment, but under date of July 22, 1876 (19 Stat., p. 215), it was enacted that the trade dollar should not thereafter be a legal tender.
Fractional currency is not a legal tender. Note: It was receivable for postage and revenue stamps, and also in payment of any dues to the United States less than $5, except duties on imports. — Act of Mar. 3, 1863, 12 Stat., p. 711.
Foreign gold coins are not a legal tender in payment of debts. — Act of Feb. 21, 1857, 11 Stat., p. 163; R. S., sec. 3584.
Foreign silver coins are not a legal tender in payment of debts.— Act of Feb. 21, 1857, 11 Stat., p. 163; R. S., sec. 3584.
Continental currency.—The question has been raised and disputed as to whether what was called the “Continental currency,” issued during the War of the Revolution by the old government, was or was not legal tender. The facts appear to be that while the Continental Congress did not by any ordinance attempt to give it that character, they asked the States to do so, and all seemed to have complied except Rhode Island. The Continental Congress only enacted that the man who refused to take the money should be deemed an enemy of his country. (“The National Loans,” by Rafael A. Bayley, Treasury Department; prepared for the Tenth Census.)
Federal reserve notes are not legal tender, but are receivable by the Government for all public dues and are receivable on all accounts by all Federal reserve banks, national banks, and other bank members of the Federal Reserve System. They are redeemable in gold coin of the United States by the Treasurer and in gold or lawful money by any Federal reserve bank.—Act of Dec. 23, 1913, 38 Stat., p. 265.
40
REPORT OF THE TREASURER OF THE UNITED STATES,
Federal reserve bank notes are identical in all their attributes with national-bank notes.—Act of Dec. 23, 1913, 38 Stat., p. 267.
TRANSFERS OF FUNDS FOR DEPOSITS MADE IN NEW YORK.
The deposits of money in the sub treasury at New York, for^ which payments are made by telegraph through this office at otheNsub-treasury offices and mints for moving the crops or to meet other demands of business, have at times been considerable in magnitude.
The record of such deposits in New York, by calendar years,Fand the resultant payments at the several subtreasuries and mints from 1913 to June 30, 1920, may be observed in the statement following:
Transaction. G old coin and certificates. United States notes. Silver dollars and certificates Total.
1913—Receipts $13,818,958.33 $13,818,958.33
Paid by the Treasurer, assistant treasurers, and mints of the United States: Washington 105,000.00 100,000.00 1,700,000.00 1,075,000.00 10,838,958.33 105,000.00 100,000.00 1,700,000.00 1,075,000.00 10,838,958.33
Chicago
Cincinnati
New Orleans
San Francisco
Total
13,818,958.33 13,818,958.33
1914—Receipts
14,863,000.00 14,863,000.00
Paid by the Treasurer, assistant treasurers, and mints of theUnited States: New Orleans
4,310,000.00 10,553,000.00 4,310,000.00 10,553,000.00
San Francisco. -
Total
14,863,000.00 14,863,000.00
1915—Receipts
8,349,140.90 8,349,140.90
Paid by the Treasurer, assistant treasurers, and mints of the United States: New Orleans
6,990,000.00 1,359,140.90 6,990,000.00 1,359,140.90
San Francisco
Total
8,349,140.90 8,349,140.90
1910—Receipts
41,328,754.30 41,328,754.30
Paid by the Treasurer, assistant treasurers, and mints of the United States: New Orleans
10,825,000.00 28,453,754.30 2,050,000.00 10,825,000.00 28,453,754.30 2,050,000.00
San Francisco. -
Cincinnati
Total 1917—Receipts Paid by the Treasurer, assistant treasurers, and mints of the United States: New Orleans.
41,328,754.30 41,328,754.30
137,134,936.88 137,134,936.88
1,090,000.00 135,994,936.88 50,000.00 1,090,000.00 135,994,936.88 50,000.00
San Franeiscb.
Cincinnati
Total
137,134,936.88 137,134,936.88
1919—Receipts
48,537,766.72 48,537,766.72
Paid by Treasurer, assistant treasurers, and mints of the United States: San Francisco.
48,537,766.72 48,537,766.72
1920—Receipts
1,610,000.00 1 1,610,000.00
Paid by Treasurer, assistant treasurers, and mints of the United States: San Francisco 1
1,610,000.00 1,610,000.00
Note.—There were no deposits in the calendar year 1918.
REPORT OF THE TREASURER OF THE UNITED STATES.
41
DEPOSITS OF GOLD BULLION AT MINTS AND ASSAY OFFICES.
The deposits of gold bullion at the mints and assay offices during the fiscal years 1918, 1919, and 1920 are set forth in the statement following:
Office. 1918 1919 1920
Philadelphia $20,605,432.61 $2,530,769.64 $2,801,776.12
San Francisco 46,716,115.29 48,509,672.05 66 502,559.24
Denver 26' 988' 564.40 10,851,292.84 9,624,866.69
New York 220,752,168.90 7d' 693', 314.25 140,609,635.79
New Orleans 513,813.72 '848/616.06 ' 625', 304.57
Carson 270,830.61 335', 762.89 114,171.87
Helena 1,134,313.62 749'109.67 680,744.06
Boise 535,783.02 403,608.63 609,750.78
Deadwood 131'391.93 383,011.77 429,153.83
Seattle 9,223,588.65 4,329,694.38 4,418,415.74
Salt Lake City 42,861.49 11', 080.56 16,536.41
Total 326,914,864.24 139,645,932.74 226,432,915.10
SHIPMENTS OF CURRENCY FROM WASHINGTON.
During the fiscal year 1920 the currency distributed from the Treasury in Washington to the sub treasuries and to banks amounted to $428,485,015, against $492,966,596 during the preceding fiscal year.
The transactions during the past two fiscal years are compared in the statement following:
Fiscal year 1919. Fiscal year 1920.
Number of packages. Total amount. Number of packages. Total amount.
Total by express Total by registered mail Aggregate 13,012 75,801 $127,686,982 365,279,614 4,181 81,187 $40,125,037 388,359,978
88,813 492,966,596 85,368 428,485,015
RECOINAGE IN THE FISCAL YEAR 1920.
Gold coins of the United States presented for payment or deposit on any account at the Treasury offices are weighed and if reduced in weight by natural abrasion not more than one-half of 1 per cent below the standard weight prescribed by law, after a circulation of 20 years, as shown by the date of coinage, and at a ratable proportion for any period less than 20 years, shall be received at their nominal value, under such regulations as the Secretary of the Treasury may prescribe for the protection of the Government against fraudulent abrasion or other practices. Gold coins thut are below the limit prescribed in the foregoing are discounted at the rate of 4. cents per grain for each grain below the standard weight of the coin. This regulaticjn protects the Government from loss by unnatural abrasion or the “sweating process” practiced by dishonest persons. The subsidiary silver coins and minor coins received are assorted but are not discounted for natural abrasion: when worn so as to be unfit for circulation they are recoined. The loss resulting from recoinage
42 REPORT OF THE TREASURER OF THE UNITED STATES.
is reimbursed from an appropriation made by Congress for the purpose.
The face value, by denominations and kinds, and the loss on the recoinage during the past two fiscal years is compared in the statement following:
Denomination. Fiscal year 1919. Fiscal year 1920.
Face value. Loss reimbursed. Face value. Loss reimbursed.
Double eagles $2,138,420.00 3,078,730.00 6,562,125.00 81.00 42,672.50 223.00 8606,800.00 847,340.00 1,648,620.00 3,582.50 531.00 72.00
Eagles
Half eagles
Three-dollar pieces
Quarter eagles
Dollars
Total gold
11,822,251.50 812,882.12 3,106,945.50 82,761.89
Half dollars
227,815.50 284,200.00 23.80 165,747.40 382.20 131.10 296,059.00 342,716.00 81.40 162,734.90 356.50 63.20
Quarter dollars
Twenty-cent pieces
Dimes
Half dimes
Three-cent pieces
Total silver
678,300.00 50,720.02 802,011.00 57,981.43
Minor coins
125,890.00 7,656.32 123,436.18 6,019.52
Aggregate
12,626,441.50 • 71,258.46 4,032,392.68 66,762.84
REDEMPTION OF FEDERAL RESERVE AND NATIONAL CURRENCY.
The net proceeds of currency counted into its cash by the National Bank Redemption Agency during the fiscal year amounted to $911,414,508.74. Of this sum $429,174,804.74 was in national-bank notes, $268,031,428 in Federal reserve notes, $206,683,922.50 in Federal reserve bank notes, and $7,524,353.50 in United States currency. Comparative figures as to total redemptions for this and previous years are contained in Table No. 51 of the addenda.
Payments for currency redeemed were made as follows: In Treasurer’s checks, $40,530,245.32; in United States currency, $45,418,-429.73; by credits to Treasury offices as transfers of funds, $251,186,-582; by credits to Government depositary banks (Federal reserve and national banks) as transfers of funds $336,059,299.95; by credits to Federal reserve banks and branches as transfers of funds covering remittances by member banks, $235,795,699.46; by other credits, $2,424,252.28.
The notes of all issues counted and assorted amounted to $2,700,-890,637 and were disposed of as follows:
National-bank notes: Fit for use returned to banks of issue.......................
Unfit for use delivered to the Comptroller of the Currency for— Destruction and reissue...................................
Destruction and retirement............................
Amount.
Per cent.
83,324,600.00 0.70
449,278,462.50 23,270,924. 50 94.41 4.89
475,873,987.00 100.00
REPORT OF THE TREASURER OF THE UNITED STATES. 43
Amount. Per cent.
.Federal reserve bank notes: Fit for use returned to banks $390,750. 00 228,090,000.00 289,780. 00 0.17 99.70 .13
Unfit for use deivered to the Comptroller of the Currency for— Destruction and reissue..
Destruction and retirement
Federal reserve notes: Fit for use returned to banks
228,770,530. 00 100.00
30,780,650.00 242,582,997.50 11.26 88.74
Unfit for use delivered to the Comptroller of the Currency for destruc-tion
Federal reserve notes, canceled and uncanceled, forwarded by Federal reserve banks and branches: Delivered to Comptroller of the Currency for credit of Federal reserve
273,363,647.50 100.00
1,722,882,472.50
The canceled and uncanceled Federal reserve notes amounting to $1,722,882,472.50, sent in by Federal reserve banks and branch Federal reserve banks for credit of Federal reserve agents are settled for between the Federal reserve banks and their agents either direct or by adjustments in their redemption funds, and such notes, therefore, are not taken into the cash account of the agency.
At the beginning of the fiscal year the agency had a cash balance of $101,929,670.70 in currency still in the process of redemption, also $269,410,260 in canceled and uncanceled Federal reserve notes sent in by Federal reserve banks and branch Federal reserve banks. These balances were worked off in addition to handling the regular receipts and at the close of the year the agency was current with a ■cash balance of $26,043,520.92.
The expenses of the agency for the fiscal year including salaries, transportation and contingent expenses have been assessed upon the Federal reserve and national banks as indicated in Table No. 49 of the addenda.
The relief afforded the agency in the two deficiency bills, one approved July 11, 1919, granting 68 additional employees, and the other approved November 4, 1919, granting an increase of 197, both of which were embodied in a lump sum for the fiscal year 1921, enables the agency to handle the great volume of currency and to keep the balance of cash in process of redemption down to a normal figure. However, a considerable force of money counters was employed by the Federal reserve board and detailed to the agency to assist in counting and sorting the vast accumulation of $1 and $2 Federal reserve bank notes. This detail was kept until April 24, 1920, and without this auxiliary force the agency would have been unable to bring its work up to date.
The force provided in the current appropriations is thought to be sufficient to carry on the work and keep it current unless there should occur an unprecedented deflation of currency during the year. The counters and sorters appointed during the last few months are becoming experts in their line of work, and as a whole the agency now has a well-trained and efficient force.
The agency so outgrew its old quarters that it became necessary to put a large force of counters in rooms in the subbasement. By a •considerable expenditure of money these rooms were made fairly
44 REPORT OF THE TREASURER OF THE UNITED STATES.
habitable and comfortable for workers, but they, are below the ground level, and one room in which there are at times from 80 to 100 persons has only three windows. The best obtainable systems of artificial lights and ventilation have been installed, but even with these improvements it is not thought to be a suitable workroom and it is hoped that congestion in the building will be so relieved in the-near future as to permit the assignment of rooms more suitable to the agency’s needs.
SPECIAL TRUST FUNDS.
The Treasurer of the United States is custodian, under provisions, of law or by direction of the Secretary of the Treasury, of several special trusts, consisting of bonds and other obligations.
The kinds of bonds or obligations held on each account and transactions therein during the fiscal year 1920 are set out in the statement following:
Account and kind. Held June 30, Fiscal year 1920. Held June 30,
1919. Deposited. Withdrawn. 1920.
State bonds belonging to the United States: $37,000.00 58,000.00 335,666.66j 75,000.00 2,282,500.00 $37,000.00 58,000.00
North Carolina State bonds....
335,666.66J
United States bonds held under special provisions of law: Man- $75,000.00 934,000.00
Held for the District of Columbia: United States bonds for account District of Columbia sinking fund $1,944,000.00 3,292,500.00
Chesapeake & Ohio Canal 84,285.00 84,285.00 20,134.72
20 134.72
Held for the board of trustees. Postal Savings System: United 30,288,600.00 545,480.00 1,284,820.00 31,573,420.00
Held for the Secretary of War: Captured bonds of the State of 545,480.00
Obligations belonging to the Lincoln Farm Association.... Held for the Secretary of the Treasury: 46,000.00 3,247,332.11 9,311,958,086.66 21,937,000.00 46,000.00 3,247,332.11
Certificates of indebtedness representing loans to foreign Governments under act of Congress approved Apr. 24, 1917, Sept. 24, 1917, as amen tied 308,060,056.69 29,409,855.00 1,000,000.00 625.00 5,950,000.00 1,000,000.00 73,751,007.99 10,147,000.00 9,546,267,135.36
Bonds held subject to the order of— Director General of Rail- roads 41.199,855.00
Secretary of Treasury; Transportation act of 1920 1,000,000.00 500.00 5,950,000.00
Donations to the Government.. Bonds held to secure Government funds in Federal land banks 3,213.25 500,000.00 135,885,000.00 3,338.25 500,000.00
Farm loan bonds held under act of Congress approved Jan 18 1918 136,885,000.00 33,750,000.00 17,032,979.00
Farm loan bonds held under act of Congress approved May 26 1920 33,750,000.00 6,209,435.25 87,741,000.00
Bonds and certificates held in trust for the Alien Property Custodian— Trust account 12,861,020.00 74,773,000.00 2,037,476.25 38,860,000.00
Investment account 123,654,000.00
REPORT OF THE TREASURER OF THE UNITED STATES.
45
Account and kind. Held June 30, 1919. Fiscal y Deposited. sar 1920. Withdrawn. Held June 30, 1920.
Held for the Secretary of the Treasury—Continued. Bonds received from the Secretary of W ar on account of sales of surplus War Department property, sold by United States Liquidation Commission. $400,000,000.00 20,000.00 1,625,500.00 5,000.00 322,300.00 40,000.00 67,300.00 196,660.00 458,750.00 267,150.00 35,914,700.00 z $400,000,000.00 20,000.00 9,724,850.00 10,000.00 124,900.00
Coos Bay wagon road grant fund
Held for account Secretary of Interior: Indian trust funds Held for account Employees Compensation Commission Liberty bonds held in lieu of surety bonds, under provisions of Treasury Department Circular No. 154: For contracts performed under internal revenue act, 1918.... For Quartermasters Corps $8,564,650.00 5,000.00 7,100.00 $465,300.00 204,500.00 40,000.00 64,400.00 70,550.00 282,200.00 601,950.00
For contracts with the General Supply Committee For use of alcohol for non-bevera.ge purposes For Secretary of Labor Department 56,000.00 58,900.00 126,110.00 176,550.00 71,450.00 36,164,700.00
For internal-revenue taxes For United States Air Service.. Total 406,250.00 250,000.00
9,604,226,318.401 1 915,267,151.94 128,036,722.49 10,391,456,747.85?
The State of North Carolina has authorized and appointed commissioners to take under consideration a plan for settling the indebtedness of that State to the United States, but Congress postponed action on a measure providing for representatives on the part of the Government.
Commissioners representing the Government and the State of Tennessee, under provisions of law, have now under consideration a plan for settling with that State. It is. apparent that some progress has been made toward a settlement with the two States named in the foregoing for the unpaid matured bonds of those States belonging to the United States.
The special trust held for the District of Columbia represents, first, investments on account of the sinking fund; and, second, obligations that belong to the District of Columbia.
The special trust held for the board of trustees, Postal Savings System, consists of postal savings bonds, and Liberty loan bonds, representing investments made by said board.
Recommendation has been made to Congress for authority to return to the State of Louisiana the bonds of that State captured at Shreveport by the Union forces during the War of the Rebellion, now held as a special deposit by the Secretary of War.
The special trusts held for the Secretary of the Treasury are composed of notes of the Panama Railroad Co., drawing 4 per cent interest, payable to the United States, and is security for money advanced for the equipment and construction of said railroad; and interest-bearing obligations of foreign Governments payable to the United States, purchased at par from such Governments engaged in war with the enemies of the United States, act of April 24, 1917.
46 REPORT OF THE TREASURER OF THE UNITED STATES.
DISTRICT OF COLUMBIA.
During the fiscal year 1920 the District of Columbia 3.65 per cent bonded debt retired amounted to $96,250, thus reducing the bonded debt of the District of Columbia to $5,481,250. A net purchase for the sinking fund of $800,000 in United States obligations was made during the year, making a total of $3,292,500 of such obligations held in trust as an offset against the outstanding debt of the District of Columbia.
There has been no change in the old securities of the District of Columbia held in the care and custody of the Treasurer, and they are as follows: Chesapeake & Ohio Canal bonds, $84,285, and board of audit certificates, $20,134.72; while in the District of Columbia contractor’s guarantee fund there is also a cash balance of $132.51 and premiums account of District of Columbia contract investments of $386.89, uncalled for.
GENERAL ACCOUNT OF THE TREASURER OF THE UNITED STATES.
The Treasurer receives and keeps the moneys of the United States and disburses the same upon warrants drawn by the Secretary of the Treasury, countersigned by the Comptroller of the Treasury, and not otherwise. He takes receipts for all moneys paid by him and gives receipts for all moneys received by him; and all receipts for moneys received by him are indorsed upon warrants signed by the Secretary of the Treasury, without which warrant, so signed, no acknowledgment for money received into the Public Treasury is valid. He renders his accounts quarterly, or oftener if required, and at all times submits to the Secretary of the Treasury and the Comptroller of the Treasury, or either of them, the inspection of the moneys in his hands.
As a matter of information, it may be said that all public moneys paid into any subtreasury office, national-bank depositary, or other depositary are placed to the credit of the Treasurer of the United States and held subject to his draft. The public moneys in the hands of any depositary of public moneys may be transferred to the Treasury of the United States or may be transferred from one depositary to any other depositary, as the safety of the public moneys and the convenience of the public service shall require.
The Treasurer is redemption agent for Federal reserve and national bank notes; is trustee for bonds held to secure bank circulation, public deposits in depositary banks, and bonds held to secure postal savings in banks; is custodian of miscellaneous trust funds; is fiscal agent for the issue and redemption of the United States paper currency, for the payment of the interest on the public debt and the redemption of matured obligations of the Government, for collecting the interest on public deposits held by banks, and for the collection of semiannual duty on bank circulation; is fiscal agent for paying princinal and interest of the land-purchase bonds of the Philippine Islands; is treasurer of the board of trustees of the Postal Savings System; and is ex officio commissioner of the sinking fund of the District of Columbia.
It will be seen from the foregoing recital that the immense financial transactions of the Government imposes on the Treasurer’s office the keeping of many and varied accounts with vast responsibilities. In
REPORT OF THE TREASURER OF THE UNITED STATES. 47
the performance of these duties, under the system of accounting inaugurated on February 1, 1913, the work is appropriately distributed to eight divisions, to each of which is assigned a clerical force fully equipped with modern machinery for the production of quick and accurate results.
The duties of the several divisions are stated here:
Chief clerk.—Has charge of mail, telegrams, requisitions, and supplies. Keeps record of the personnel, acts for the disbursing clerk of the department in payment of salaries, keeps records in relation to advances on account of “Relief, Protection, and Transportation of American Citizens in Europe.” Prepares estimates of appropriations, special reports, and circulars. Flas general supervision of the force under the direction of the Treasurer.
The transactions for the fiscal year 1920 follow:
Ordinary...........
Registered:
Pouches........
Packages.......
Parcel-post packages
Number of pieces of—
Mail received. Mail sent.
507,941 16,851 96,841 894,756
32,163 85,378
Payment of salaries for disbursing clerk, 31,050,670.
Cash Division.—Issues all United States paper currency, receives and makes payments of money on account of public revenues, transfers of funds, exchanges, Treasury warrants, interest checks, coupons, disbursing officers, the gold settlement fund of the Federal Reserve Board, and miscellaneous accounts; makes shipments of money in denominations required for use in public disbursements at subtreasuries and Federal reserve banks, and in return for unfit Federal reserve and national-bank notes and United States currency redeemed; makes collection of drafts and checks payable to the Treasurer for credit in the several accounts; prepares estimates for paper for United States currency and directs the printing of the desired denominations; receives such currency from the Bureau of Engraving and Printing and stores same in the reserve vaults until required for issue.
Transactions for the fiscal year 1920 follow:
Pieces. Amount.
United States paper currency: Received from bureau...................................................
Withdrawn from reserve and issued..................................
Exchanges made by change teller....................................
Payments by paying teller..........................................
Shipped to subtreasuries and banks.................................
Items for collection: Checks........................-........................................
Post-office money orders...........................................
Cash received (exclusive of currency issued)...........................
Coupons paid...........................................................
Treasurer’s transfer checks issued.....................................
Checks and warrants drawn on the Treasurer and paid by tellers.........
280,448,000 284,853,221
3,395,025 123,132
2,094,632
33,701 1,478,500
8371,112,000
398,018,000
18,424,389
351,387,659
428,485,015
1,648,817,177
2,485,701
292,274,903
9,911,544
48 REPORT OF THE TREASURER OF THE UNITED STATES.
Division of Securities.—Has custody of all bonds to secure bank circulation, public deposits, postal-savings funds, special deposits and trust funds; collects semiannual duty on bank circulation; cuts coupons from bonds held in the several trusts as they mature and forwards the same to the bank for whose account they are held; verifies the schedules of paid coupons submitted by Federal reserve banks, branches, sub treasuries, and the cash division; examines checks issued and paid on account of interest on the registered debt of the United States; examines the matured or purchased obligations presented for payment and supervises the computation of interest thereon; states the account of the Treasurer as fiscal agent for the issue and redemption of the paper currency of the United States, and for all disbursements on account of the public debt makes requisition on the Secretary for the reimbursement to the Treasurer. All matters relating to the sinking fund and funded debt of the District of Columbia are kept by a clerk specially designated for the purpose in this division.
The work of the division for the fiscal year 1920 follows:
Class. Deposited. Withdrawn. Balance on hand.
Bonds to secure circulation Bonds to secure deposits Securities for postal savings Securities; specialtrusts Coupons and interest checks W ar-savings stamps Thrift stamps Certificates of indebtedness Redeemed United States bonds Semiannual duty collected from 7,355 banks $133.100,740 16,773,550 56,932,300 915,267,152 Pieces. 138,092,187 45,233,938 309,464 $36,999,890 32,856,450 64,499,155 128,036,722 $984,488,600 37,637,500 199,263,584 10,391,456,748 Value. $931,850,901. 199,818,880 77,366 15,588,704,459 1,224,496,768 4,730,246
Division of General Accounts.—Keeps record of the warrants issued by the Secretary of the Treasury, by classes, the date of payment of same, and the account of revenue and repay warrants covering the revenues into the Treasury; keeps individual accounts of moneys on deposit with Treasury offices, Federal reserve banks and their branches and national-bank depositaries; has charge of telegraphic transfers of funds to banks and others from sub treasuries and Federal reserve banks; collects interest on public deposits held by depositary banks; prepares the quarterly account of receipts and expenditures by warrants for submission to the Auditor of the Treasury; receives from the accounting division the daily tabulations of revenues, deposits, and payments for posting to the general ledger accounts; prepares the Daily Statement of the United States Treasury, and assists in the preparation of the monthly Public Debt Statement.
The aggregate of transactions for the past two years is compared the statement following:
Fiscal year 1919. Fiscal year 1920.
Debits. Credits. Debits. Credits.
Treasury offices National-bank depositaries.. Federal reserve banks and branches Foreign depositaries Federal land banks Total $25,803,453,584.77 3,506,308,916.07 58,271,812,218.60 811,994,484.75 1,231,787.77 $26,014,120,194.57 3,411,604,442.20 58,255,122,773.72 789,109,318.82 1,161,787.77 $18,885,844,245.61 1,441,628,696.42 37,672,724,593.31 166,399,453.76 6,950,000.00 $19,434,372,846.83 1,480,543,670.24 37,540,158,995.99 180,639,717.79 1,500,000.00
88,394,800,991.96 88,471,118,517.08 58,173,546,989.10 58,637,215,229.85
REPORT OF THE TREASURER OF THE UNITED STATES.
49
Fiscal year 1919. Fiscal year 1920.
Number. Amount. Number. Amount.
Pay warrants registered Pay warrants paid Interest collected on public deposits 172,096 163,468 $38,853,203,894.87 38,886,780,396.46 26,503,951.44 280,009 285,693 $26,977,189,230.95 26,666,505,920.13 14,090,229.02
Accounting Division.—The Accounting Division receives daily from the subtreasuries, the Federal reserve banks, their branches, and the national bank depositaries transcripts of their receipts and payments, which are to be entered in the several accounts of the Treasurer. These transcripts are proved against the accompanying certificates of deposit, transfer documents, Treasury warrants, disbursing officer’s checks, and interest checks supporting the various entries therein, in such manner that the documents, etc., are assembled by classes, so that a total of each class is obtained for use of the Division of General Accounts in posting to the general ledger accounts in the preparation of the daily cash statement of the Treasury.
All accounts of disbursing officers are kept in the Accounting Division, and the paid checks of each disbursing officer are daily assembled and with the deposits are posted to the debit and credit of the proper accounts. Each check is examined in order that the genuineness of signature may be assured. Statements showing the transactions in each active account are sent to the disbursing officers and copies with the paid checks are sent to the auditors each month.
The Accounting Division conducts all correspondence relative to reclamation of payments in cases of forged checks, forged indorsements, and raised amounts.
The total amount involved and the number of checks, charge documents and deposits handled, the number of disbursing officers and balances to their credit at the close of the fiscal year are compared for the past two years in the statement following:
Fiscal year—
1919 1920
Aggregate amount of checks paid and transfers charged Total number of checks, etc., paid... Balances to credit of disbursing officers at close of year Number of disbursing accounts at close of year... Aggregate amount of deposits credited in the proper accounts.... Total number of such deposits $90,362,459,775.97 41,313,747 $1,721,990,152.63 5,698 $90,967,324,921.89 532,420 $59,058,834,964.80 27,157,845 $1,431,470,177.85 5.572 $58,388,518,702.00 502,500
Division of Issue.—Receives from the Bureau of Engraving and Printing the completed paper currency of the United States, examines and proves the same in straps of 100 notes each, after which it is put up in packages of 4,000 notes each, wrapped, sealed, and labeled with the kind of money, the denomination and the amount. Daily deliveries are made to the Cash Division of the Treasurer’s office.
15170—20----4
50
REPORT OF THE TREASURER OF THE UNITED STATES.
Fiscal year 1919. Fiscal year 1920.
Number of notes and certificates. Total value. Number of notes and certificates. Total value.
United States paper currency received from the bureau and delivered to Cash Division 267,264,000 8348,824,000 280,448,000 $371,112,000
Division of Redemption.—Receives from banks and individuals soiled and mutilated paper currency of the United States sent to the Treasury for redemption; each package of money is numbered in sequence and delivered to a counter, who verifies the amounts, assorts the money by kinds and denominations and puts it up in straps of 100 notes of like kind and denomination, cancels the notes by punching, and makes report of the proceeds, after which payment is made to the remitter by shipment of currency or by directing appropriate credit. The canceled money is then cut in two pieces lengthwise and delivered to the Division of Loans and Currency of the Secretary’s office for verification of the count and final destruction of the notes by maceration.
The transactions for the fiscal years 1919 and 1920 are compared in the statement following:
Fiscal year 1919.
Fiscal year 1920.
Number of packages.
Total value.
Number of packages.
Totalvalue.
United States currency received and counted........
Amount of fit notes returned to circulation........
Counterfeits detected..............................
Number of notes for destruction....................
163,240
$369,078,408
166,951
2,377
219,536,677
101,554
$352,676,608 17,055,000' 2,507 196,628.154
National bank redemption agency .—The National Bank Redemption Agency, a division in the office of the Treasurer of the United States, receives and handles all national-bank notes and Federal reserve currency sent to the Treasurer for redemption; keeps account of the several redemption funds, the expenses incurred on account of redemptions and apportions the same to the banks of issue in accordance with the number of notes redeemed; delivers to the Comptroller of the Currency the unfit notes redeemed, and returns to banks of issue such notes as are fit for further circulation.
The work of the agency for the fiscal year 1920 follows:
Balance on hand at beginning of year.......................... $100,161, 530
Currency received:
National-bank notes........................... $429,174, 805
Federal reserve notes......................... 268, 031, 428
Federal reserve bank notes.................... 206, 683, 922
United States currency........................ 7, 524, 353
•---‘-------- 911,414,508
Total
1, Oil, 576, 038
REPORT OF THE TREASURER OF THE UNITED STATES.
51
Disposition of currency:
Fit for use and returned to banks of issue—
National-bank notes.......................... $3, 324,'600
Federal reserve bank notes...................... 390, 750
Federal reserve notes........................ 30, 780, 650
Unfit for use, delivered to the Comptroller of the
$34, 496, 000
Currency--
National-bank notes— For destruction and reissue................... 449, 278, 763
For destruction and retirement............. 23, 270, 625
Federal reserve bank notes— For destruction and reissue................... 228, 090, 000
For destruction and retirement................ 289, 780
Federal reserve notes— For destruction............................... 242, 582, 997
United States currency deposited in Treasury.......................
943, 512,165
7,524, 353
Total........................................................ 985,532,518
Balance on hand June 30, 1920........................ 26, 043, 520
The transactions which have been related in the foregoing were conducted with rare accuracy and prompthess and offer the best proof of the capacity, fidelity, and efficiency of the officers, chiefs of division, clerks, counters, and employees of every grade in this office. With every year the privilege and duty of bearing this testimony to the character of the work of every member of the force is more grateful and more imperative.
Respectfully,
John Burke, Treasurer.
Hon. D. F. Houston,
Secretary of the Treasury.
ADDENDA.
No. 1.—Assets and liabilities of the Treasury offices June 30, 1920.
W ashington. Baltimore. New York. Philadelphia. Boston.
ASSETS. Gold coin Standard silver dollars Subsidiary silver coin United States notes Treasury notes of 1890 $4,973,783.40 44,179,172.00 584,292.79 3,420,858.00 $6,170,531.70 5,103,500.00 520,750.00 771,700.00 $37,270,045.00 4,876,714.00 1,288,796.00 1,483,000.00 $13,238,126.28 6,166,385.00 541,768.15 230,746.00 $14,465,547.11 1,617,416.00 553,561.85 329,866.00 865.00 - 250,760.00 63,360,700.00 80,423.00
Gold certificates (active) Gold certU cates 'inactive)... Silver certifcates (active).... Silver certif cates'inactive) . 530,050.00 5,767,000.00 542,849.00 6,499,000.00 12,184,000.00 118,108.00 28,103,666.66 376,915,000.00 124,200.00 3,605,000.00 4,341,100.00 255,700.00 40,399.91 96,515.78 50,338.13 420,000.00 31,500,000.00 220,989.00
Federal reserve notes Federal reserve bank notes.. National-bank notes Unclassified (unassorted cur- rency, etc.) Minor coin Certified checks on banks.... Total LIABILITIES. Disbursing officers’ balances. Other deposit and redemption accounts Total asrency account.. Balance general account Total 13,697,138.00 2,192,381.00 21,376,856.92 4,676,135.87 -84,378.35 682,500.00 171,800.00 80,500.00 94,795.10 38,531.26 2,130,231.00 40,000.00 599,172.39 45,937.36 92,859.27 1,051,525.00 4,447.00 34,359.00 389,051.10 97,740.72 9,096.58
102,024,895.33 32,435,716.06 458,449,808.82 55,226,214.45 82,245,358.36
6,996.81 235,707.89 35,420.00 6,707,146.98 379,687.55 1,080,437.03 478,662.82 341,167.58 86,106.43
6,996.81 102,017,898.52 271,127.89 32,164,588.17 7,086,834.53 451,362,974.29 1,559,099.85 53,667,114.60 427,274.01 81,818,084.35
102,024,895.33 32,435,716.06 458,449,808.82 55,226,214.45 82,245,358.36
Cincinnati. Chicago. St. Louis. New Orleans. San Francisco.
ASSETS. Gold coin $18,288,141.17 3,918,119.00 .493,783.00 146,932.00 $60,831,977.02 4,813,999.00 682,589.40 550,804.00 $35,035,329.84 2,791,450.00 628,867.00 208,500.00 1,000.00 252,010.00 41,252,490.00 42,061.00 9,000.00 441,200.00 3,000.00 22,500.00 15.14 84,790.25 $1,478,148.72 11,852,987.00 549,868.40 271,558.00 908.00 977,950.00 34,062,000.00 36,444.00 $46,978,745.00 1,606,399.00 137,596.35 372,200.00
Standard silver dollars
Subsidiary silver coin
United States notes
Treasury notes of 1890...
Gold certificates (active) Gold certificates (inactive)... Silver certificates (active).... Silver certificates ('inactive'! 159,940.00 22,220,000.00 27,409.00 238,950.00 154,945,000.00 338,334.00 50,000.00 3,458,425.00 10,649,120.00
211,700.00
Federal reserve notes 670,985.00 28,708.00 57,370.00 26.64 35,391.75 1,717,710.00 12,451.00 249,815.00 143.64 54,427.22 854,765.00
Federal reserve bank notes.. National-bank notes
39,355.00 874.26 93,115.51 323,540.83 217,000.00 55.00 10,064.93
Unclassified (unassorted currency, etc.)
Minor coin
Certified checks on banks
Total
46,046,805.56 226,366,964.02 80,772,213.23 51,264,410.98 61,037,645.28
LIABILITIES. Disbursing officers’ balances. Other deposit and redemption accounts
926,057.67 74,310.00 3,604,1787.59 278,570.00 524,249.59 25,044.40 388,013.68 41,375.00 518,860.72 246,299.15
Total agency account.. Balance general account Total
1,000,367.67 45,046,437.89 3,883,357.59 222,483,606.43 549,293.99 80,222,919.24 429,388.68 50,835,022.30 765,159.87 60,272,485.41
46,046,805.56 226,366,964.02 80,772,213.23 51,264,410.98 61,037,645.28
52
REPORT OF THE TREASURER OF THE UNITED STATES.
53
No. 2.—Assets of the Treasury in the custody of mints and assay offices June 30, 1920.
Boise. Carson City. Deadwood. w— Helena.
ASSETS. Gold bullion Silver bullion 811,760.50 $27,359.05 2,017.36 545.02 75,295.27 $33,354.64 13.88 $76,580. 77
Unclassified
Balance with Treasurer United States.. Total 91,135.12 273,141.18 53,920.21
102,895. 62 105,216.70 306,509.70 130,500.98
Salt Lake City. Seattle. New York. New Orleans.
ASSETS. Gold coin $490.21 992,919,154.09 984,400.58 58.77 4,551,516.49
Gold bullion Silver bullion $6,358.11 $122,864.92 $149,079.41 28,372.87
Unclassified
Balance with Treasurer United States.. Total 47,517.34 985,097.24 64,543.70
53,875.45 1,107,962.16 998,455,620.14 241,995.98
Denver. Philadelphia. San Francisco. Total.
ASSETS. Gold coin Gold bullion Standard silver dollars Subsidiary silver coin Silver bullion Gold certificates (active) Minor coin Unclassified $89,872,270.00 181,729,004.90 63,000.00 503,533.70 1,232,950.26 69,723.94 32,366.00 1,701,643.36 $33,939,280.00 289,099,771.42 38,564,943.00 8,046.90 8,490,764.96 112,000.00 241,551.40 $13,508,595.00 331,733,624.60 9,295,700.00 12,275.70 8,778,045.19 50,954.00 54,647.66 $137,320,635.21 1,795,908,912.41 47,923,643.00 523,856.30 19,516,565.10 162,954.00 365,923.00 32,969.79 26,469,875.76
Balance with Treasurer United States.. Total 3,328,508.62 15,297,557.23
275,204,492.16 373,784,866.30 378,731,399.38 2,028,225,334.57
No. 3.—General distribution of the assets and liabilities of the Treasury June 30, 1920.
Treasury offices. Mints and assay offices. Designated depositaries of the United States. In transit. Total.
ASSETS.
Gold coin Gold bullion Standard silver dollars.. Subsidiary silver coin... Silver bullion United States notes Treasury notes of 1890... Gold certificates, active. Gold certificates in re- serve vaults of Assistant Treasurers Silver certificates, active Silver certificates in reserve vaults of Assistant 'treasurers Federal Reserve notes.. Federal Reserve bank notes National-bank notes.... Unclassifiedt unassorted currency, etc.) Minor coin Certified checks on banks Interest on public debt paid Deposits in Federal land banks $238,730,375.24 86,926,141.00 5,981,872.94 7,786,164.00 2,773.00 48,080,780.00 742,206,190.00 1,742,517.00 3,664,000.00 29,045,579.00 2,412,787.00 22,373,455.92 5.800,669.05 640,893.13 475,834.81 $137,320,635.21 1,795,908,912.41 47,923,643.00 523,856.30 19,516,565.10 162,954.00 32,969.79 365,923.00 $5,950,000.00 $99,364.41 1,781,000.00 486,000.00 576,000.66 1,051,000.00 132,996.00 589,000.00 69,974.13 1,242,633.03 $376,051,010.45 1,795,908,912.41 134,849,784.00 6,605,093.65 19,516,565.10 9,567,164.00 2,773.00 48,729,734.00 742,206,190.00 2,318,517.00 3,664,000.00 30,0b6,57?. 00 2,545,783.00 22,962,455.92 5,833,638.84 1,076,790.26 475,834.81 1,242,633.03 5,950,000. OO
54 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 3.—General distribution of the assets and liabilities of the Treasury June 30, 1920— Continued. x
Treasury offices. Mints and assay offices. Designated deporitaries of the United States. In transit. Total.
assets—continued. Deposits in Federal Re- $30,483,519.22 273,428,577.33 36,445,182.43 $30,483,519.22
Deposits in special depositaries (act Apr. 24 1917) 273,428,577.33
Deposits in national 36,445,182.43 19,800,055.85
Public moneys in transit to or from national $19,800,055.85
• Total available assets $1,195,870,032.09 $2,001,755,458.81 26,469,875.76 346,307,278.98 25,828,023.42 3,569,760,793.30
Balance with Treasurer 26,469,875. 76
Warrants and checks paid but not cleared 3,443,490.51 3,443,490. 51
Aggregate 2,028,225,334.57 346,307,278.98 29,271,513.93 3,599,674,159.57
1,195,870,032.09
LIABILITIES. Outstanding warrants 3,909,763.87
Disbursing officers’ balances on books of Assistant Treasurers, 33,974,101.19
Post Oilice Department 35,838,627.79
Bank-note 5 per cent 21,332,789.12
Other deposit and re- 18,978,238.06
Board of trustees, Postal 7,791,054.64
Redemption fund: Federal Reserve 239,669,857.39
Federal Reserve 11,642,140.00
Retirement of additional circulating notes (act May 30, lonsi 138,860.00
Assets of insolvent 1,168,284.92
Total agency ac- 374.443,716.98
Balance to credit of mints and assay offices Balance to credit gold-settlement fund, Fed- 26,469,875.76
1,184,275,551.87
Balance general account i 2,014,485,014.96
3,599,674,159. 57
i Including credits to disbursing officers.
REPORT OF THE TREASURER OF THE UNITED STATES. 55
No. 4.—Available assets and net liabilities of the Treasury at the close of June, 1919 and 1920.
June 30, 1919. June 30, 1920.
ASSETS. Gold: Coin $712,673,702.05 1,803,767,302.55 $376,051,010.45 1,795,908,912.41
Bullion
Total
2,516,441,004.60 2,171,959,922.86
Silver: Dollars
227,391,235.00 10,983,939.20 16,423,918.22 134,849,784.00 6,605,093. 65 19,516,565.10
Subsidiary coin
Bullion
Total
254,799,092.42 160,971,442.75
Paper: United States notes
13,818,465.00 8,839.00 44,227,987.50 24,421,249.50 69,634,991.18 814,480,178.00 34,794,705. 00 3,490,532.19 9,567,164,00 2,773. 00 30,096,579. 00 2,545,783.00 22,962,455.92 790,935,924.00 5,982,517.00 5,833,638.84
Treasury notes of 1890
Federal reserve notes
Federal reserve bank notes National-bank notes
Gold certificates
Silver certificates
Unclassified (unassorted currency) Total
1,004,876,947.37 867,926,834.76
Other: Minor coin
892,802.67 155,953.84 55,300,485.16 500,000.00 990,010,060.35 39,321.823.18 425,940.50 1,076,790.26 475,834.81 30,483,519.22 5,950,000.00 309,873,759.76 19,800,055.85 1,242,633.03
Certified checks on banks
Deposits in Federal reserve banks Deposits in Federal land banks Deposits in national banks, etc Public moneys in transit to and from national banks Interest on the public debt paid Total ,
1,086,607,065.70 368,902,592.93
Aggregate
4,862,724,110.09 3,569,760,793.30
LIABILITIES. Outstanding warrants and checks ... Disbursing officers’ balances 605,856.76 22,821,755.43 17,051,943.10 22,473,804.75 25,903,324.53 7,743,397.88 205,230,742.20 9,534,850.00 275,100.00 1,236,360.25 3,909,763.87 33,974,101.19 35,838,627.79 21,332,789.12 18,978,238.06 7,791,054.64 239,669,857.39 11,642,140.00 138,860.00 1,168,284.92
Post Office Department account Bank-note 5 per cent redemption account Other deposit and redemption accounts Board of trustees. Postal Savings System Redemption fund: Federal reserve notes
Federal reserve bank notes Retirement of additional circulating notes, act of May 30, 1908 Assets of insolvent national banks - Total agency accounts
312,877,134.90 1,339,753.80 374,443,716.98 3,443,490. 51
Less warrants and checks paid but not cleared Total
311,537,381.10 371,000,226.47
General account: 1,550,259,669.00 203,943,000.00 1,754,000.00 1,416,086,099.10 152,979,025. 63 1,226,164,935.26 1,375,659,569.00 124,240,400.00 1,659,000.00 1,184,275,551.87 152,979,025.63 i 359,947,020.33
Gold settlement fund, Federal Reserve Board .......
Total
4,551,186,728.99 3,198,760,566.83
Aggregate 4,862,724,110.00 3,569,760,793.30
i Including credits to disbursing officers.
56 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 5.—Assets and liabilities of the Treasury in excess of certificates and Treasury notes at the close of June, 1919 and 1920.
♦ June 30,1919. June 30, 1920.
ASSETS. Gold coin and bullion $1,780,661,513.60 72,921,697.22 10,983,939.20 13,818,465.00 44,227,987.50 24,421,249.50 69,634,991.18 892,802.67 155,953.84 85,473,381.25 500,000.00 999,158,987.44 425.940. 50 3,490', 532.19 $1,587,236,277.86 34,452,239.10 6,605.093.65 9,567,164.00 30,096,579.00 2,545,783. 00 22,962,455.92 1,076,790. 26 475,834.81 39,028,524.51 5,950,000.00 321,128,810.32 1,242,633.03 5,833,638.84
Silver dollars and bullion
Subsidiary silver coin
United States notes
Federal reserve notes
Federal reserve bank notes
National-bank notes
Minor coin
Certified checks on banks
Deposits in Federal reserve banks Deposits in Federal land banks Deposits in national banks, etc Interest on public debt paid
Unclassified (unassorted currency) Total LIABILITIES. Agency account...................................................
3,106,767,441.09 2,068,201,824.30
311,537,381.10 1,416,086,099.10 152,979,025.63 1 1,226,164,935. 26 371,000,226.47 1,184,275,551.87 152,979,025. 63 1 359,947,020.33
Gold settlement fund
Reserve fund
Balance
Total
3,106,767,441.09 2,068,201,824.30
1 Including credits to disbursing officers.
No. 6.—Distribution of the General Treasury balance June 80, 1920.
Washington.........................................................................
Baltimore..........................................................................
New fork...........................................................................
Philadelphia.......................................................................
Boston.............................................................................
Cincinnati.........................................................................
Chicago............................................................................
St. Louis..........................................................................
New Orleans........................................................................
San Francisco......................................................................
Mints and assay offices............................................................
Federal land banks.................................................................
Federal reserve banks................................................ $30,483,519. 22
Special depositaries................................................. 273,428,577.33
$102,017,898.52
32,154,588.17
451,332,974.29
53,667,114.60
81,818,084.35 45,043,437.89
222,483,605.43
80,222,919.24 50,835,022.30'
60,272,485.41
2,028,225,334.57
5,950,000.00'
National banks.......................................................'................
Foreign depositaries..................................................................
Treasury of Philippine Islands........................................................
In transit............................................................................
303,912,096.55 11,863,207.11
8,644,902.90 i 1,986,669.06 29,271,513.93
Total........................................................................
Deduct: Agency accounts on books of Treasurer United States.................... $367,010,950 37
Gold settlement fund, act June 21, 1917........................... 1,184,275,551.87
3,565,715,517.20
1,551,286,502. 24
General account................................................................ 2,014,485,014:96
Deduct:
Trust funds, act Mar. 14, 1900.................................................. 1,501,558,969.00
Balance, including gold reserve...................................-.........
512,926,045.96
No. 7 .—Receipts and disbursements for service of the Post Office Department for the fiscal year 1920.
Office.
Balance, June 30,1919.
Fiscal year 1920.
Receipts.
Disbursements.
Balance, June 30,1920.
■Washington.........................
Receipts and disbursements by post-
masters for quarter ended—
Sent. 30,1919...................
Dec. 31, 1919...................
Mar. 31,1920....................
June 30, 1920...................
$17,051,943.10
$240,824,746.13
$222,038,061.44
$35,838,627.79
Total
77,896,162.15 96,052,285.83 8Q- ,431,572.62 89,480,500.05
592,695,266.78
77,896,162.15 ...............
96,052,285.83 ...............
88,431,572.62 ...............
89,480,500.05 ...............
573,938,582.09
1 Credit balance
REPORT OF THE TREASURER OF THE UNITED STATES. 57
No. 8.—Amount of interest collected on balances of public moneys held in depositaries of the United States from May 30, 1908, to June 30, 1920.
Fiscal year. Interest on balances arising from—
Ordinary accounts. Sales of bonds. Total.
1908 $45,683.52 507,952.07 48,551.88 41,757.53 44,462.26 122,218.89 1,409,426.07 1,222,706.93 791,671.45 703,771.76 1,134,569.09 5,507,742.43 2,658,768.71 $45,683.52 507.952.07 48,551.88 41,757.53 44,462.26 122,218.89 1,409,426.07 1,222,706.93 791,671.45 1,061,993.19 11,701,227.12 26,503,951.44 14,090,229.02
1909
1910
1911
1912
1913
1914
1915
1916
1917 $358,221.43 10,566,658.03 20,996,209 01 11,431,460.31
1918
1919
1920
Total
14,239,282.59 43,352,548.78 57,591,831.37
No. 9.—Estimated stock of gold coin and bullion, the amount in the Treasury, and the amount in circulation at the end of each month, from January, 1915.
Month. Gold coin. Gold bullion. Total.
1915—January: Estimated stock In the Treasury In circulation $1,510,940,265 887,889,901 623,050,364 1,512,242,461 903,276,748 2,080,382 606,885,331 1,545,713,687 926,399,814 4,681,023 614,632,850 1,544,314,057 940,270,017 5,112,334 598,931,706 1,558,274,545 961,699,627 5,007,814 591,567,104 1,606,405,032 1,003,825,849 12,445,564 590,133,619 1,609,389,496 1,006,197,947 6,629,902 596,561,647 1,630,824,172 1,046,997,337 8,113,902 575,712,933 1,678,047,249 1,054,277,614 7,791,913 615,977,722 1,659,276,361 1,053,365,001 8,802,513 597,108,847 $312,806,847 312,806,847 $1,823,747,112 1,200,696,748 623,050,364 1,832,428,955 1,223,463,242 2,080,382 606,885,331 1,876,326,539 1,257,012,666 4,681,023 614,632,850 1,889,142,465 1,285,098,425 5,112,334 598,931,706 1,914,785.996 1,318,211,078 5,007,814 591,567,104 1,985,539,172 1,382,959,989 12,445,564 590,133.619 2,006,399,539 1,403,207,990 6,629,902 596,561,647 2,056,732,138 1,472,905,303 8,113,902 575,712,933 2,141,782,259 1,518,012,624 7,791,913 615,977,722 2,198,113,762 1,592,202,402 8,802,513 597,108,847
February: Estimated stock In the Treasury In Federal reserve banks 320,186,494 320,186,494
In circulation
March: Estimated stock In the Treasury 330,612,852 330,612,852
April: Estimated stock In the Treasury I n Federal reserve banks 344,828,408 344,828,408
May: Estimated stock In the Treasury.. z. 356,511,451 356,511,451
June: Estimated stock In the Treasury In Federal reserve banks.... - 379,134,140 379,134,140
July: Estimated stock In the Treasury In Federal reserve banks1 397,010,043 397,010,043
August: Estimated stock In the Treasury In Federal reserve banks1 425,907,966 425,907,966
eptember: Estimated stock In the Treasury In Federal reserve banks1 463,735,010 463,725,010
October: Estimated stock In the Treasury In Federal reserve banks1 In circulation 538,837,401 538,837,401
1 Includes the gold reserve held by banks against issues and gold deposited by banks with agents to retire Federal reserve notes in circulation.
58
REPORT OF THE TREASURER OF THE UNITED STATES.
No. 9.—Estimated stock of gold coin and bullion, the amount in the Treasury, and the amount in circulation at the end of each month, from January, 1915—Continued.
Month.
1915—November: Estimated stock....................................
In the Treasury............................
In Federal reserve banks1..................
In circulation.............................
December: Estimated stock...............................
In the Treasury............................
In Federal reserve banks1..................
In circulation.............................
1916—January: Estimated stock....................................
In the Treasury............................
In Federal reserve banks1..................
In circulation.............................
February: Estimated stock...............................
In the Treasury............................
In Federal reserve banks1..................
In circulation.............................
March: Estimated stock...............................
In the Treasury............................
In Federal reserve banks1..................
In circulation.............................
April: Estimated stock..........................»....
In the Treasury............................
In Federal reserve banks1..................
In circulation.............................
May: Estimated stock...............................
In the Treasury............................
In Federal reserve banks L... ?............
In circulation.............................
June: Estimated stock...............................
In the Treasury............................
In Federal reserve banks1..................
In circulation.............................
July: Estimated stock...............................
In the Treasury............................
In Federal reserve banks1..................
In circulation.............................
August: Estimated stock...............................
In the Treasury............................
In Federal reserve banks1..................
In circulation.............................
September: Estimated stock...............................
In the Treasury............................
In Federal reserve banks1..................
In circulation.............................
October: Estimated stock...............................
In the Treasury............................
In Federal reserve banks1..................
In circulation.............................
November: Estimated stock...............................
In the Treasury............................
In Federal reserve banks1..................
In circulation.............................
December: Estimated stock...............................
In the Treasury............................
In Federal reserve banks1..................
In circulation.............................
1917—January: Estimated stock.....................................
In the Treasury............................
In Federal reserve banks1..................
In circulation.............................
February: Estimated stock................................
In the Treasury............................
In Federal reserve banks1..................
In circulation.............................
Gold coin. Gold bullion. Total.
81,662,657,527 1,050,801,172 8,513,793 603,342,562 $598,030,020 598,030,020 $2,260,687,547 1,648,831,192 8,513,793 603,342,562
1,663,659,191 1,042,686,440 8,411,713 612,561,038 648,785,298 648,785,298 2,312,444,489 1,691,471,738 8,411,713 612,561,038
1,666,707,103 1,041,309,598 4,893,788 620,503,717 661,714,732 661,714,732 2,328,421,835 1,703,024,330 4,893,788 620,503,717
1,657,670,137 1,037,436,368 7,892,798 612,340,971 661,303,190 661,303,190 1,318,973,327 1,698,739,558 7,892,798 612,340,971
1,653,095,326 1,033,408,382 8,704,808 610,982,136 663,853,094 663,853,094 2,316,948,420 1,697,261,476 8,704,808 610,982,136
1,654,852,512 1,020,712,024 8,263,680 625,876,808 664,695,892 664,695,892 2,319,548,404 1,685,407,916 8,263,680 625,876,808
1,645,729,537 1,009,666,848 7,575,650 628,487,039 685,765,297 685,785,297 2,331,494,834 1,695,432,145 7,575,650 628,487,039
1,646,049,150 999,836,878 8,963,000 637,249,272 803,657,055 803,657,055 2,449,706,205 1,803,493,933 8,963,000 637,249,272
1,629,865,962 988,604,438 9,101,852 632,159,672 870,363,602 870,363,602 2,500,229,564 1,858,968,040 9,101,852 632,159,672
1,626,760,022 986,226,237 10,712,581 629,821,204 921,481,451 921,481,451 2,548,241,473 1,907,707,688 10,712,734 629,821,204
1,627,718,734 972,236,900 10,581,518 644,900,316 1,008,290,834 1,008,290,834 2,636,009,568 1,980,527,734 10,581,518 644,900,316
1,623,661,859 962,603,201 10,845,130 650,123,528 1,076,475,117 1,076,475,117 2,700,136,976 2,039,168,318 10,845,130 650,123,528
1,602,505,726 920,810,390 12,327,028 669,368,308 1,139,163,765 1,139,163,765 2,741,669,491 2,059,974,155 12,327,028 669,368,308
1,599,867,870 909,629,129 10,535,651 679,702,890 1,264,973,780 1,264,973,780 2,864,841,650 2,174,602,909 10,535,851 679,702,890
1,607,168,087 945,359,389 10,817,349 650,991,349 1,305,297,029 1,305,297,029 2,912,465,116 2,250,656,418 10,817,349 650,991,349
1,594,009,695 927,601,704 13,901,389 652,506,602 | 1,374,345,739 1,374,345,739 2,968,355,434 2,301,947,443 13,901,389 652,506,602
1 Includes the gold reserve held by banks against issues and gold deposited by banks with agents to retire Federal reserve notes in circulation.
REPORT OF THE TREASURER OF THE UNITED STATES.
59
No. 9.—Estimated stock of gold coin and bullion, the amount in the Treasury, and the amount in circulation at the end of each month, from January, 1915—Continued.
Month. Gold coin. Gold bullion. Total.
1917—March: Estimated stock In the Treasury In Federal reserve banks1 In circulation $1,586,127,578 907,545,727 11,243,789 667,338,062 1,570,152,746 880,865,554 11,075,769 678,211,423 1,538,020,003 822,376,016 14,512,603 701,131,384 1,468,606,409 248,636,882 183,880,000 1,036,089,527 $1,502,777,230 1,502,777,230 $3,088,904,808 2,410,322,957 11,243,789 667,338,062 3,121,887,443 2,432,600,251 11,075,769 678,211,423 2,088,711,272 2,373,067,285 14,512,603 701,131,384 3,019,146,563 1,799,177,036 183,880,000 1,036,089,527 93,086,218,498 1,744,796,476 185,713,000 1,155,709,022 3,062,614,285 1,707,612,513 203,041,000 1,151,960,772 3,035,390,720 1,740,203,486 259,899,000
April: Estimated stock In the Treasury In Federal reserve banks1 In circulation 1,551,734,697 1,551,734,697
May: Estimated stock In the Treasury In Federal reserve banks1 _ In circulation 1,550,691,269 1,550,691,269
June: Estimated stock In the Treasury. ... In Federal reserve banks1 In circulation 1,550,540,154 1,550,540,154
July: Estimated stock
In the Treasury
In Federal reserve banks1
In circulation
August: Estimated stock
In the Treasury
In Federal reserve banks1
In circulation..
September: Estimated stock
In the Treasury
In Federal reserve banks1
In circulation 1,035,288,234 3,041,549,041
October: Estimated stock
In the Treasury 1,679,295,700
In Federal reserve banks1 340,637,000 1,021,616,341
In circulation ...
November: Estimated stock ' 3,040,472,040 1,586,091,216
Tn the, Treasury
Tn Federal reserve banks1 389,210,005
Tn circulation 1,065,170,819
December: Estimated stock 3,040,439,343 1,555,389,072
Tn the Treasury
Tn Federal reserve banks1 512,489,005
Tn circulation 972,561,266
1918—January: Estimated stock 3,038,545,652
Tn the Treasury 1,515,769,763
Tn Federal reserve banks1 483,218,105
Tn circulation 1,039,557,784
February: 3,041,643,270
1,486,008,215
567,765,605
987,869,451
March: 3,042,708,319
1,456,598,124
556,330,610
1,029,779,585
April: -3,042,711,222
1,419,402,731
559,085,860
1,064,222,631
May: 3,043,879,782
1,369,151,384
688,212,860
986,515,538
June: 3,075,788,838
1,274,872,957
686,838,455
1,114,077,426
i Includes the gold reserve held by banks against issuesand gold deposited by banks with agents to retire Federal reserve notes in circulation.
60 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 9.—'Estimated stock of gold coin and bullion, the amount in the Treasury, and the amount in circulation at the end of each month, from January, 1915—Continued.
Month. Gold coin. Gold bullion. Total.
1918—July: Estimated stock $3,080,767,801 1,256,097,140' 656,622,355- 1,168,048,306 3,079,300,229 1,220,965,949 795,775,890' 1,062,568,390' 3,079,094,009 1,215,067,219 901,278,790' 962,748,000' 3,079,784,766 1,221,906,269 911,992,785 945,885,712 3,080,043.323 1,216,785.060 926,250,175 937,008,088 3,080,510,011 1,212,551,926 957,226,380 910,731,705 3,085,459,209 1,192,291,031 953,886,460 939,281,718 3,084,213,002 1,206,885,911 892,402,860 984,924,231’ 3,092,415,909 1,178,503,126 823,232,860 1,090,679,923 3,092,430,916 1,175,497,665 810,022,860 1,106,910,391 3,092,037,699 1,162,503,556 829,277,860 1,100,256,283 3,026,591,090 1,100,354,906 813,882,860' 1,112,353,324 2,989,548,109 1,057,724,613 789,621,360 1,142,202,136 2,944,727,731 1,045,733,145 814,181,360 1,084,813,226 2,905,726,555 1,040,824,716 817,055,360 1,047,846,479 2,872,525,066 1,020,6'1,446 882,658,860 ' 969,214,760
In the Treasury
In Federal reserve banks1
In circulation
August: Estimated stock
In the Treasury ;
In Federal reserve banks1
In circulation
September: Estimated stock
In the Treasury .
In Federal reserve banks1
In circulation
October: Estimated stock
In the Treasury
In Federal reserve banks1
In circulation
November: Estimated stock
In the Treasury
In Federal reserve banks1
In circulation i
December: Estimated stock
In the Treasury
In Federal reserve banks1
In circulation
1919—January: Estimated stock
In the Treasury
In Federal reserve banks1
In circulation
February: Estimated stock
In the Treasury
In Federal reserve banks1
In circulation
March: Estimated stock *
In the Treasury
In Federal reserve banks1
In circulation
April: Estimated stock
In the Treasury
In Federal reserve banks1
In circulation
May: Estimated stock
In the Treasury
In Federal reserve banks1
In circulation
June: Estimated stock
In the Treasury
In Federal reserve banks1
In circulation
July: ' Estimated stock
In the Treasury
In Federal reserve banks 1
In circulation
August: Estimated stock
In the Treasury
In Federal reserve banks 1
In circulation
September: Estimated stock
In the Treasury
In Federal reserve banks 1
In circulation
October: Estimated stock
In the Treasury
In Federal reserve banks 1
In circulation
1 Includes the gold reserve held by banks against issues and gold deposited by banks with agents to retire Federal reserve notes in circulation.
REPORT OF THE TREASURER OF THE UNITED STATES. 61
No. 9.—Estimated stock of gold coin and bullion, the amount in the Treasury, and the amount in circulation at the end of each month, from January, 1915—Continued.
Months. Gold coin. Gold bullion. Total.
1919—N ovember: Estimated stock $2,833,221,135 1,035,324,251 818,015,860 979,881,024 2.787,714,306 1,046,594,890 894,726,860 846,392,556 2,762,905,481 1,005,137,562 796,438,360 961,329,559 2,720,767,606 989,276,916 811,926,360 919,564,330 2,662,284,553 959,212,201 883,875,593 819,196,759 2,646,615,750 965,512,889 849,773,713 831,329,148 2,663,730,358 967,578,067 810,306,713 885,845,578 2,693,963,700 987,684,371 867,034,776 839,244,553
In the Treasury
In Federal reserve banks 1
In circulation
December: Estimated stock
In the Treasury
In Federal reserve banks 1
In circulation
1920—January: Estimated stock
In the Treasury
In Federal reserve banks 1
In circulation
February: Estimated stock
In the Treasury
In Federal reserve banks 1
In circulation
March: Estimated stock
In the Treasury
In Federal reserve banks 1
In circulation
April: Estimated stock
In the Treasury
In Federal reserve banks 1
In circulation
May: Estimated stock
In the Treasury
In Federal reserve banks 1
In circulation
June: Estimated stock
In the Treasury
In Federal reserve banks 1
In circulation
1 Includes the gold reserve held by banks against issues and gold deposited by banks with agents to retire Federal reserve notes in circulation.
No. 10.—Estimated stock of silver coin, the amount in the Treasury, and the amount in circulation at the end of each month, from January, 1915; also silver other than stock held in the Treasury.
Month. Standard dollars. Subsidiary silver. Total. Other silver items held.
1915—January: Estimated stock $565,941,478 498,319,556 67,621,922 565,953,478 499,162,568 66,790,910 565,975,478 499,995,016 65,980,462 568,272,478 503,033,956 65,238,522 568,272,478 503,382,352 64,890,126 568,271,655 503,624,499 64,647,156 $184,797,402 24,462,626 160,334,776 184,883,474 25,728,109 159,155,365 185,158,009 26,551,441 158,606,568 185,067,966 26,793,168 158,274,798 185,293,874 26,522,495 158,771,379 185,430,250 26,164,295 159,265,955 $750,738,880 522,782,182 227,956,698 750,836,952 524,890,677 225,946,275 751,133,487 526,546,457 224,587,030 753,340,444 529,827,124 223,513,320 753,566,352 529,904,847 223,661,505 753,701,905 529,788,794 223,913,111
In the Treasury $5,851,712
In circulation
February: Estimated stock
In the Treasury 6,185,071
T n circulation
March: Estimated stock
In the Treasury 6,231,306
Tn circulation
April: Estimated stock
In the Treasury 4,096,495
Tn circulation
May: Estimated stock
In the Treasury 4,174,661
Tn circulation ..
June: Estimated stock
In the Treasury 4,273,678
In circulation/.
62 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 10.—Estimated stock of silver coin, the amount in the Treasury, and the amount in circulation at the end of each month, from January, 1915; also silver other than stock held in the Treasury—Continued.
Month.
1915—July: Estimated stock..............................
In the Treasury....................
In circulation.....................
August: Estimated stock....»..................
In the Treasury....................
In circulation.....................
September: Estimated stock.......................
In the Treasury....................
In circulation.....................
October: Estimated stock.......................
In the Treasury....................
In circulation.....................
November: Estimated stock.......................
In the Treasury....................
In circulation.....................
December: Estimated stock.......................
In the Treasury....................
In circulation.....................
1916—January: Estimated stock..............................
In the Treasury....................
In circulation.....................
' February: Estimated stock..............................
In the Treasury....................
In circulation.....................
March: Estimated stock.......................
In the Treasury....................
In circulation.....................
April: Estimated stock.......................
In the Treasury....................
In circulation.....................
May: Estimated stock.......................
In the Treasury....................
In circulation.....................
June: Estimated stocK.......................
In the Treasury....................
In circulation.....................
July: Estimated stock.......................
In the Treasury....................
In circulation.....................
August: Estimated stock.......................
In the Treasury....................
In circulation.....................
September: Estimated stock.......................
In the Treasury....................
In circulation.....................
October: Estimated stock.......................
In the Treasury....................
In circulation.....................
November: Estimated stock.......................
In the Treasury....................
In circulation.....................
December: Estimated stock.......................
In the Treasury....................
In circulation.....................
1917—January: Estimated stock..............................
In the Treasury....................
In circulation.....................
February: Estimated stock.......................
In the Treasury....................
In circulation.....................
Standard dollars. Subsidiary silver. Total. Other silver items held.
$568,272,478 503,871,807 64,400,671 568,271,655 503,840,456 64,431,199 568,271,655 503,179,123 65,092,532 568,271,655 502,547,846 65,723,809 568,271,655 502,100,844 66,170,811 568,271,655 501,583,433 66,688,222 568,271,655 502,438,092 65,833,563 568,270,900 502,748,787 65,522,113 568,270,900 502,891,010 65,379,890 568,270,900 502,538,415 65,732,485 568,270,900 502,294,179 65,976,721 568,270,319 501,855,387 66,414,932 568,270,900 501,456,673 66,814,227 568,270,900 500,679,775 67,591,125 568,270,319 498,720,398 69,549,921 568,270,319 497,918,585 70,351,734 568,270,319 497,122,776 71,147,543 568,270,319 495,939,455 72,330,864 568,270,319 497,122,618 71,147,701 568,270,319 497,028,251 71,242,068 $185,476,523 26,298,677 159,177,846 185,887,011 26,277,417 159,609,594 186,827,583 24,730,213 162,097,370 186,730,386 22,482,129 164,248,257 188,695,357 20,752,006 167,943,351 189,128,969 19,149,756 169,979,213 189,099,208 21,415,959 167,683,249 187,514,641 21,754,343 165,760,298 187,466,970 21,330,907 166,136,063 187,569,944 20,214,874 167,355,070 187,401,488 18.868,932 168,532,556 188,858,483 17, 440,437 171,418,046 187,493,358 16,743,003 170,750,355 188,015,961 15,929,801 172,086,160 189,869,616 11,396,107 178,473,509 189,695,716 9,160,753 180,534,963 190,781,166 4,800,723 185,980,443 193,495,082 3,323,762 190,171,320 193,622,020 5,661,467 187,960,553 194,368,949 5,037,994 189,330,955 $753,749,001 530,170,484 223,578,517 754,158,666 530,117,873 224,040,793 755,099,238 527,909,336 227,189,902 755,002,041 525,029,975 229,972,066 756,967,012 522,852,850 234,114,162 757,400,624 520,733,189 236,667,435 757,370,863 523,854,051 233,516,812 755,785,541 524,503,130 231,282,411 755,737,870 524,221,917 231,515,953 755,840,844 522,753,289 233,087,555 755,672,388 521,163,111 234,509,277 757,128,802 519,295,824 237,832,978 755,764,258 518,199,676 237,564,582 756,286,861 516,609,576 239,677,285 758,139,935 510,116,505 248,023,430 757,966,035 507,079,338 250,886,697 759,051,485 501,923,499 257,127,986 761,765,401 499,263,217 262,502,184 761,892,339 502,784,085 259,108,254 762,639,268 502,066,245 260,573,023
$4,311,219
4,534,669
5,746,208
5,509,685
5,001,271
5,245,175
5,663,965
5,474,613
5,571,144
5,627,050
5,886,857
6,050,811
6,105,422
5,614,972
6,609,521
6,466,311
7,707,684
7,051,804
5,399,554
4,819,429
REPORT OF THE TREASURER OF THE UNITED STATES,
63
No. 10.—Estimated stock of silver coin, the amount in the Treasury, and the amount in circulation at the end of each month, from January, 1915; also silver other than stock held in the Treasury—Continued.
Month. Standard dollars. Subsidiary silver. Total. Other silver items held.
1917—March: Estimated stock In the Treasury In circulation $568,270,319 497,255,113 71,015,206 568,270,061 497,060,487 71,209,574 568,270,061 496,810,883 71,459,178 568,269,513 496,444,138 71,825,375 568,270,061 496,459,886 71,810,175 568,270,061 495,761,577 72,508,484 568,269,513 494,329,363 73,940,150 568,269,513 492,329,255 75,940,258 568,269,513 491,454,206 76,815,307 568,269,513 490,400,160 77,869,353 568,269,513 491,247,038 77,022,475 568,269,513 491,673,559 76,595,954 568,269,513 491,158,533 77,110,980 538,532,139 460,883,972 77,648,167 518,583,959 440,839,805 77,744,154 499,515,930 421,990,403 77,525,527 473,197,959 395,091,124 78,106,835 460,253,959 380,773,763 79,480,196 442,664,930 361,302,136 81,362,794 429,846,930 348,517,130 81,329,800 ] $196,317,289 4,965,377 191,351,912 197,815,088 6,247,131 191,567,957 197,992,189 4,800,417 193,191,772 198,274,719 4,422,622 193,852,097 199,470,159 4,494,741 194,975,416 200,837,387 3,761,213 197,076,174 204,044,123 1,982,226 202,061,897 209,864,245 1,980,121 207,884,124 214,465,300 1,962,947 212,502,353 218,226,579 1,791,850 216,434,729 221,081,713 6,465,587 214,616,126 222,805,182 8,392,651 214,412,531 225,971,720 10,667,733 215,303,987 228,034,831 12,772,325 215,262,506 231,646,325 15,603,258 216,043,067 231,856,580 14,878,278 216,978,302 232,222,651 13,294,197 218,928,454 231,874,845 10,592,279 221,282,566 232,403,832 5,991,787 226,412,045 235,004,206 3,874,531 231,129,675 $761,587,608 502,220, 490 262,367,118 766,085,149 503,307,618 262,777,531 766,262,250 501,611,300 264,650,950 766,544,232 500,866,760 265,677,472 767,740,218 500,954,627 266,785,591 769,107,448 499,522,790 269,584,658 772,313,636 496,311,589 276,002,047 778,133,758 494,309,376 283,824,382 782,734,813 493,417,153 289,317,660 786,496,092 492,192,010 294,304,082 789,351,226 497,712,625 291,638,601 791,074,695 500,066,210 291,080,485 794,241,233 501,826,266 292,414,967 766,566,970 473,656,297 292,910,673 750,230,284 456,443,063 293,787,221 731,372,510 436,868,681 294,503,829 705,420,610 408,385,321 297,035,289 692,128,804 391,366,042 300,762,762 675,068,762 367,293,923 307,774,839 664,851,136 352,391,661 312,459,475 $4,591,759
April: Estimated stock In the Treasury In circulation 4,223,515
May: Estimated stock In the Treasury In circulation 5,603,099
June: Estimated stock In the Treasury In circulation 5,797,879
July: Estimated stock In the Treasury In circulation 5,288,690
August: Estimated stock In the Treasury In circulation 4,953,088
September: Estimated stock In the Treasury In circulation 5,527,523
October: Estimated stock In the Treasury In circulation 7,351,684
November: Estimated stock..................... In the Treasury In circulation 7,283,098
December: Estimated stock In the Treasury In circulation 7,174,477
1918—January: Estimated stock In the Treasury In circulation 9,932,159
February: Estimated stock In the Treasury In circulation 12,151,780
March: Estimated stock In the Treasury In circulation 7,976,946
April: Estimated stock In the Treasury In circulation 5,440,099
May: Estimated stock In the Treasury In circulation 8,386,459
June: Estimated stock In the Treasury In circulation................... 13,372,347
July: Estimated stock In the Treasury .. In circulation 15,289,931
August: Estimated stock In the Treasury In circulation 18,002,411
September: Estimated stock In the Treasury In circulation 15,437,120
October: Estimated stock In the Treasury In circulation | 17,353,188
64 REPORT OF THE TREASURER OF THE- UNITED STATES.
No. 10.—Estimated stock of silver coin, the amount in the Treasury, and the amount in y circulation at the end of each month, from January, 1915; also silver other than stock held in the Treasury—Continued.
Month. Standard dollars. Subsidiary silver. Total. Other silver items held.
1918—November: Estimated stock' $414,514,930 331,757,338 82,757,592 400,821,930 317,577,548 83,244,382 373,685,930 286,205,973 87,479,957 349,335,930 268,170,724 81,165,206 328,434,930 247,372,730 81,062,200 311,018,930 229,711,972 81,306,958 308,978,930 227,194,173 81,784,757 308,145,759 227,391,235 80,754,524 308,978,930 227,318, 233 81,660,697 308.145,759 227, 031.474 81,114; 285 308.145,759 226,360.879 81,784, 880 308,145, 759 226.260.387 81.885,372 308.145,759 225,729,476 82 416,283 288, 221, 775 206, 685,609 81 536,166 284, 784. 505 196,55b 438 88, 233,067 270,217, 520 139, 058. 529 131,158,991 269.194,272 134,307,864 134, 886,408 268, 829,252 134,242,802 134,586,450 268,798,602 134,423,984 134,374,618 268,857,494 134, 849,784 134,007,710 $237,904,206 3,488,477 234,415,729 241,263,989 3,331,153 237,932,836 242,203,752 8,258,055 233,945,697 2,742,373 1,287,225 231,455,148 243,387,418 12,445,046 230,942,372 243,896,606 12,640,150 231,256,456 243,679,762 12,314,657 231,365,105 242,870,438 10,983,939 231,886,499 242,876,099 10,622,687 232, 253,412 243.188,017 10; 006,826 233,181,191 243,380,383 7, 777. 605 235,602', 778 245.127, 765 6,105. 304 239,022,461 246, 540,741 4, 589,321 241,951,420 249,452,405 2,455.945 246j996,460 251,307, 010 5,263, 797 246, 043,213 252,956,833 6.700,805 246', 253,028 254,048,150 7,087, 625 246,960, 525 255,916,496 7,155', 789 248,760, 707 257,506,146 8,052,481 249,453,665 258,855. 239 6 605,094 252,250,145 $652,419,136 335,245,815 317,173,321 642,085,919 320,908,701 321,177,218 615,889,682 294,464,028 321,425,654 592,078,303 279,457,949 312,620,354 571,822,348 259,817,776 312,004,572 554,915,536 242,352,122 312,563,414 552,658,692 239,508,830 313,149,862 551,016,197 238,375,174 312,641,023 551, 855, 029 237,940, 920 313,914,109 551,333,776 237,038,300 314,295,476 551,526,142 234.138,484 317,387, 658 553,273,524 232,365, 691 320,907,833 554,686, 500 230,318.797 324; 367,' 703 537, 674,180 209.141,554 328; 532,626 536,091,515 201,815, 235 334,276,280 523,174,353 145,759,334 377,415,019 523,242,422 141,395,489 381,846,933 524,745,748 141,398,591 383,347,157 526,304,748 142,476,465 383,828,283 527,712,733 141,454,878 386,257,855 I
In the Treasury $15,324,086
In circulation...
December: Estimated stock-
In the Treasury 12,206,441
In circulation
1919—January: Estimated stock .
In the Treasury 20,033,086
Tn circulation
February: Estimated stock
Tn the Treasury 20,921,872
In circulation...
March: Estimated stock
In the Treasury 13,791,909 > |
Tn circulation
April: Estimated stock
In the Treasury 17,572,068
Tn circulation
May: Estimated stock
In the Treasury 16,182,443
Tn circulation
June: Estimated stock
In the Treasury 16,423,918
In ci rci 11 al i on
July: E st i m ated stock
In the Treasury 16,335,831
Tn circulation
August: Estimated stock
In the Treasury 16,307,965
Tn circulation
September: Estimated stock
In the Treasury 16,417,134
Tn circulation
October: Estimated stock
In the Treasury 14,810, 961 ’
Tn circulation
November: Estimated stock
Tn the Treasury
Tn circulation
December: E stim at.p.d stock
In the Treasury 13,963,999
Tn circulation
1920—January: E sti m a tod stock
In the Treasury - 15,305,830
Tn circulation
February: E st i m ated stock r *
Tn the Treasury
Tn circulation
March: Estimated stock
In the Treasury 18, 581,478
Tn circulation
April: Estimated stock
In the Treasury 17,856,503
Tn circulation
May: E sti ma.tnd stock
In the Treasury 16,341,536 • •
Tn circulation
June: Estimated stock
In the Treasury 19,516, 565
Tn circulation
REPORT OF THE TREASURER OF THE UNITED STATES,
65
No. 11.— United States notes, Treasury notes, Federal reserve notes, and national-bank notes outstanding, in the Treasury, and in circulation at the end of each month, from January, 1915.
Month. United States notes. Treasury notes. Federal reserve notes. Nationalbank notes, i Total.
1915—January:
Outstanding $346,681,016 $2,331,000 $20,554,725 $982,206,133 $1,351,772,874
In the Treasury.... 26,969,790 9,032 24,000 102,708,252 129,711,074
In circulation 319,711,226 2,321,968 20,530,725 879,497,881 1,222,061,800
February:
Outstanding 346,681,016 2,319,000 27,589,725 938,030,441 1,314,620,182
In the Treasury.... 21,840,716 13,296 375,300 72,328,212 94,557,524
In circulation 324,840,300 2,305,704 27,214,425 865,702,229 1,220,062,658
March:
Outstanding 346,681,016 2,297,000 41,685,500 899,547,980 1,290,211,496
In the Treasury.... 17,734,659 11,465 949,370 56,932,010 75,627,504
In circulation 328,946,357 2,285,535 40,736,130 842,615,970 1,214,583,992
April:
Outstanding 346,681,016 2,291,000 54,335,500 867,793,067 1,271,100,583
In ti e Treasury.... 14,107,422 13,093 585,640 52,960,728 67,666,883
In circulation 332,573,594 2,277,907 53,749,860 814,832,339 1,203,433,703
May:
Outstanding 346,681,016 2,270,000 67,755,500 840,287,948 1,256,994,464 54,853,660
In the Treasury.... 14,442,525 10,856 2,365,800 38,034,479
In circulation 332,238,491 2,259,144 65,389,700 802,253,469 1,202,140,804
June:
Outstanding 346,681,016 2,254,000 84,260,500 819,273,593 1,252,469,109
In the Treasury.... 14,338,770 9,313 3,885,850 33,880,546 52,114,479 1,200,354,630
In circulation 332,342,246 2,244,687 80,374,650 785,393,047
July:
Outstanding 346,681,016 2,245,000 98.130,500 804,601,373 1,251,657,889
In the Treasury.... 12,517,467 7,511 4,918,200 32,812,920 50,256,098
In circulation 334,163,549 2,237,489 93,212,300 771,788,453 1,201,401,791
August: 1,252,990,323
Outstanding 346,681,016 2,222,000 110,300,500 793,786,807
In the Treasury.... 10,072,178 3,297 6,112,255 27,740,942 43,928,672
In circulation 336,608,838 2,218,703 104,188,245 766,045,865 1,209,061,651
September: 1,275,991,478
Outstanding 346,681,016 2,214,000 140,360,000 786,736,460
In the Treasury.... 8,966,535 3,840 7,594,725 26,233,368 42,798,466
In circulation 337,714,481 2,210,160 132,765,275 760,503,092 1,233,193,308
October: 1,297,960,697
Outstanding 346,681,016 2,202,000 169,160,000 779,917,681
In the Treasury.... 5,941,978 3,212 9,301,145 23,718,799 38,965,134
In circulation 340,739,038 2,198,788 159,858,855 756,198,882 1,258,995,563
November:
Outstanding 346,681,016 2,187,000 188,605,000 776,365,653 1,313,838,669
In the Treasury.... 5,876,890 3,479 11,127,580 22,980,617 39,988,566
In circulation 340,804,126 2,183,521 177,477,420 753,385,036 1,273,850,103
December:
Outstanding 346,681,016 2,178,000 214,125,000 10,392,020 771,337,208 1,334,321,224
In the Treasury.... 6,164,584 9,576 24,657,238 41,223,418
In circulation 340,516,432 2,168,424 203,732,980 746,679,970 1,293,097,806
1916—January:
Outstanding 346,681,016 2,167,000 218,370,000 767,392,068 30,479,827 1,334,610,084
In the Treasury.... 7,865,973 8,148 13,040,330 51,394., 278
In circulation 338,815,043 2,158,852 205,329,670 736,912,241 1,283,215,806
February:
Outstanding 346,681,016 2,151,000 194,416,350 765,996,283 1,309,244,649
In the Treasury.... 6,039,430 4,379 3,823,845 24,696,195 34,563,849
In circulation 340,641,586 2,146,621 190,592,505 741,300,088 1,274,680,800
March:
Outstanding 346,681,016 2,139,000 190,233,050 763,176,661 1,302,229,727
In the Treasury.... 5,932,762 3,825 2,504,770 22,817,467 31,258,824
In circulation 340,748,254 2,135,175 187,728,280 740,359,194 1,270,970,903
April:
Outstanding 346,681,016 2,126,000 185,313,350 760,654,876 1,294,775,242
In the Treasury.... 6,208,593 3,672 3,140,545 22,482,540 31,835,350
In circulation 240,472,423 2,122,328 182,172,805 738,172,336 1,262,939,892
May:
Outstanding 346,681,016 2,117,000 184,339,050 756,779,143 1,289,916,209
In the Treasury.... 6,510,734 4,747 2,618,765 23,273,766 32,408,012
In circulation 340,170,282 2,112,253 181,720,285 733,505,397 1,257,508,197
June:
Outstanding 346,681,016 2,103,000 176,168,450 753,174,660 1,278,127,126
In the Treasury.... 4,961,469 4,835 3,067,665 24,811,871 32,815,840
In circulation 341,719,547 2,098,165 173,100,785- 728,362,789 1,245,281,286
July:
Outstanding 346,681,016 2,092,000 172,974,850 749,321,196 1,271,069,062
In the Treasury.... 5,336,387 2,953 2,939,155 25,659,107 33,937,602
In circulation 341,344,629 2,089,047 170,035,695 723,662,089 1,237,131,460
i From July, 1915, includes Federal reserve bank notes.
15170—20----5
66 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 11.— United States notes, Treasury motes, Federal reserve notes, and national-bank notes outstanding, in the Treasury, and in circulation at the end of each month, from January, 1915—Continued.
Month. United States notes. Treasury notes. Federal reserve notes. Nationalbank notes. Total.
1916—August: Outstanding In the Treasury.... In circulation September: Outstanding In the Treasury.... In circulation October: Outstanding In the Treasury.... In circulation November: Outstanding In the Treasury.... In circulation December: Outstanding In the Treasury.... In circulation 1917—January: Outstanding In the Treasury.... In circulation February: Outstanding In the Treasury.... In circulation March: Outstanding In the Treasury.... In circulation April: Outstanding In the Treasury.... In circulation May: Outstanding In the Treasury.... In circulation June: Outstanding In the Treasury.... In circulation July: Outstanding In the Treasury.... In circulation August: Outstanding In the Treasury.... In Federal reserve banks $346,681,01'6 4,485,577 342,195,439 346,681,016 4,232,944 342,448,072 346,681,016 4,977,143 341,703,873 346,681,016 6,472,677 340,208,339 346,681,016 5,409,462 341,271,554 346,681,016 8,726,193 337,954,823 346,681,016 12,921,749 333,759,267 346,681,016 11,544,435 335,136,581 346,681,016 8,091,661 338,589,355 346,681,016 7,103,606 339,577,410 346,681,016 10,719,778 335,961,238 346,681,016 10,543,308 336,134,708 346,681,016 6,641,049 82,084,000 4,201 2,079,799 2,063,000 4,831 2,058,169 2,055,000 5,769 2,049,231 2,049,000 5,976 2,043,024 2,044,000 8,812 2,035,188 2,032,000 10,074 2,021,926 2,020,000 10,742 2,009,258 2,011,000 13,800 1,997,200 1,994,000 3,394 1,990,606 1,984,000 4,285 1,979,715 1,976,000 5,992 1,970,078 1,967,000 7,805 1,959,195 1,960,000 13,534 8184,708,300 2,661,140 182,047,160 215,248,350 2,702,945 212,545,405 238,496,920 2,245,315 236,251,605 266,552,720 1,932,035 264,620,685 300,106,180 2,092,945 298,013,235 289,242,030 2,499,255 286,742,775 338,934,225 1,850,005 337,084,220 383,147,575 2,226,540 380,921,035 451,743,460 2,649,735 449,093,725 496,268,610 2,441,615 493,826,995 '547,407,960 2,995,185 544,412,775 584;169,800 3,002,855 581,166,945 644,911,800 2,801,345 46,472,441 595,638,014 758,807,485 5,148,900 46,835,218 706,823,367 928,843,720 7,355,240 55,742,770 865,745,710 1,126,344,610 17,560,005 64,480,424 1,044,304,181 1,350,764,025 23,577,065 99,943,770 1.227,243.100 $744,493,851 21,687,632 722,806,219 743,310,213 18,609,405 724,700,808 736,997,540 18,245,522 718,752,018 736,093,594 17,133,710 718,959,884 738,651,270 18,069,329 720,581,941 732,960,456 30,957,629 702,002,827 729,568,150 17,724,368 711,843,782 728,788,265 16,684,105 712,104,160 728,563,947 15,999,456 712,564,491 727,494,250 15,975,270 711,518,980 728,210,255 18,067,914 710,142,341 728,483,362 21,048,291 707,435,071 730,346,605 21,494,623 $1,277,967,167 28,838,550 1,249,128,617 1,307,302,579 25,550,125 1,281,752,454 1,324,230,476 25,473,749 1,298,756,727 1,351,376,330 25,544,388 1,325,831,932 1,387,482,466 25,580,548 1,361,901,918 1,370,915,502 42,193,151 1,328,722,351 1,417,203,391 32,506,864 1,384,696,527 1,460,627,856 30,468,880 1,430,158,976 1,528,982,423 26,744,246 1,502,238,177 1,572,427,876 25,524,776 1,546,903,100 1,624,275,231 31,788,799 1,592,486,432 1,661,301,178 34,605,259 1,626,695,919 1,723,899,421 30,950,551 46,472,441 1,646,476,429 1,836,443,743 28,743,960 46,835,218 1,760,864,565 2,006,705,536 28,805,621 55,742,770 1,922,157,145 2,204,837,056 38,854,153 64,480,424 2,101,502,479 2,431,175,836 46,724,926 -99,943,770 2, 84,507.140
In circulation September: Outstanding In the Treasury.... In Federal reserve banks 340,039,967 346,681,016 5,797,485 1,946,466 1,945,000 8,689 708,851,982 729,010,242 17,788,886
In circulation October: Outstanding In the Treasury In Federal reserve banks 340,883,531 346,681,016 6,706,982 1,936,311 1,934,000 13,209 711,221,356 729,246,800 14,730,190
In circulation November: Outstanding In the Treasury In Federal reserve banks 339,974,034 346,681,016 6,828,891 1,920,791 1,916,000 3,941 714,516,610 729,895,430 14,461,316
In circulation December: Outstanding In the Treasury In Federal reserve banks 339,852,125 346,681,016 8,781,228 1,912,059 1,913,000 4,937 715,434,114 731,817,795 14,361,696
In circulation 337,899.788 1.908,063 717,456,099
REPORT OF THE TREASURER OF THE UNITED STATES. 67
Tr",'"‘r'/ notes, Federal reserve notes, and nalimal-hank
XXj W^ontinueJ ’’ ” of each month, from
Month. United States notes ' Treasury notes. Federal reserve notes. National-bank notes Total.
1918—January:
Outstanding . $346 681 016 81,907,000 6,502 $1,269,669,370 27,961,820 8730,166,70C 23,726,586 $2,348,424,086 65,544,396
In the Treasury.... In Federal reserve 13,849,'488
banks
In circulation 332 831 528 1,900,498 1,117'244'140 706,440,114 124,463,410 2,158,416,280
February:
Outstanding 346,681 016 1,887,000 10,210 1,442,088,335 30,693,360 730,060,740 16,648,912 2,520,717,091 61,270,582
In the Treasury.... In Federal reserve 13,918'100
banks
In circulation 332,762,916 1,876,790 1,320^867^787 713,411,828 2,368,919,321
March:
Outstanding 346,681,016 11,485,378 1,879,000 4,311 1,563,969,405 31,449,191 732,581,552 15,162,050 2,645,110,973 58,100,930
In the Treasury.... In Federal reserve
banks....
In circulation 335,195,638 1,874,689 1,435' 723’424 717,419,502 2,490,213,253
April:
Outstanding 346,681,016 8,334,715 1,873,000 4,939 1,650,964,290 26,480,570 734,031,132 16,711,445 2,733,549,438 51,531,669
In the Treasury.... In Federal reserve
banks 100,259,965 1,524,223,755
In circulation 338,346,301 1,868,061 717,319,687 100,259,965 2,682,017,769
May:
Outstanding 346,681,016 7,055,564 1,865,000 7,073 1,736,547,925 35,501,730 737,668,675 17,897,382 2,822,762,616 60,461,749
In the Treasury In Federal reserve
banks 117,532,435 1,583,513,760 117,532,435
In circulation 339,625,452 1,857,927 719,771,293
June: 2,644,768,432
Outstanding 346,681,016 6,638,204 1,858,000 6,886 1,847,580,445 28,319,840 739,649,485 21,336,314 2,935,768,946 56,301,244
In the Treasury In Federal reserve
banks 106,186,350 1,713,074,255 106,186,350
In circulation 340,042,812 1,851,114 718,312,171
July: 2,773,281,352
Outstanding 346,681,016 6,194,520 1,850,000 4,859 2,024,145,030 48,402,865 739,075,342 23,635,685 3,111,751,388 78,237,929
In the Treasury In Federal reserve
banks 106,203,005 1,869,539,160 106,203,005
In circulation 340,486,496 1,845,141 715,439,657
August: 2,927,310,454
Outstanding 346,681,016 6,286,424 1,841,000 6,767 2,225,838,710 34,502,755 749,006,612 23,071,725 3,323,367,338 63,867,671
In the Treasury In Federal, reserve
banks 101,017,900 2,090,318,055 101,017,900
In circulation 340,394,592 1,834,233 725,934,887
September: 3,158,481,767
Outstanding 346,681,016 8,271,404 1,841,000 9,642 2,525,432,760 38,370,746 764,731,730 21,214,490 3,638,686,506 67,866,282
In the Treasury In Federal reserve
banks 122,055,890 2,365,006,124 122,055,890
In circulation 338,409,612 1,831,358 743,517,240
October: 3,448,764,334
Outstanding 346,681,016 7,493,225 1,815,000 3,581 2,705,737,855 32,590,498 793,118,398 21,051,236 3,847,352,269 61,138,540
In the Treasury In Federal reserve
banks 141,206,710 2,531,940,647 141,206,710
In circulation 339,187,791 1,811,419 772,067,162
November: 3,645,007,019
Outstanding 346,681,016 8,894,558 1,814,000 4,743 2,776,625,220 32,669,081 813,807,885 21,101,273 3,938,928,121 62,669,655
In the Treasury In Federal reserve
banks 136,514,530 2,607,441,609 136,514,530 3,739,743,936
In circulation 337,786,458 1,809,257 792,706,612
December:
Outstanding 346,681,016 8,900,115 1,808,000 4,893 2,859,843,920 34,528,148 851,672,740 29,993,381 4,060,005,676 73,426,537
In the Treasury In Federal reserve
banks 194,653,660
In circulation 337,780,901 1,803,107 2,630,662,112 821,679,359
1919—January: 3,791,925,479
Outstanding 346,681,016 11,515,175 1,798,000 13,085 2,703,420,225 37,115,287 860,178,678 51,618,430 3,912,077,919 100,261,977
In the Treasury In Federal reserve
banks. 222,348,815
In circulation 335,165,841 | 1,784,915 2,443,956,123 1 808,560,248
3,589,467,127
68 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 11.— United States notes, Treasury notes, Federal reserve notes, and national-bank notes outstanding, in the Treasury, and in circulation at the end of each month, from January, 1915—Continued.
Month. United States notes. Treasury notes. Federal reserve notes. Nationalbank notes. Total.
1919—February: Outstanding In the Treasury In Federal reserve $346,681,016 12,866,438 $1,786,000 6,760 $2,678,607,950 36,090,813 167,232,605 2,475,284,532 2,696,210,360 50,348,326 142,103,270 2,503,758,764 2,725,416,490 39,357,273 165,491,495 2,520,567,722 2,702,716,345 43,239,078 153,299,750 2,506,177,517 2,687,556,985 44,227,988 149,299,060 2,494,029,937 2,705,423,645 40,685,806 159,984,880 2,504,752,959 2,764,832,415 42,041,668 161,227,298 2,561,563,449 2 886,288,515 39,048,355 178,809,400 2,668,430,760 2,958,700,375 41,580,473 178,175,380 2,738,944,522 3,063,390,865 39,346,741 184,229,225 2,839,814,899 3,295,789,145 45,550,983 260,573,300 2,989,664,862 3,125,885,275 35,641,195 245,353,675 2,844,890,405 3,255,213,250 39,633,048 215,889,995 2,999,690,207 $864,719,653 66,936,605 $3,891,794,619 115,900,616 167,232,605 3,608,661,398 3,924,789,748 146,644,117 142,103,270 3,636,042,361 3,969,123,808 144,881,319 165,491,495 3,658,750,994 3,949,147,601 135,412,617 153,299,750 3,660,435,234 3,942,935,713 152,111,533 149,299,060 3,641,525,120 3,985,451,223 153,182,448 159,984,880 3,672,283,895 4,069,378,301 163,597,499 161,227,298 3,744,553,504 4,207,373,541 175,370,485 178,809,400 3,853,193,656 4,297,482,516 173,079,396 178,175,380 3,946,227,740 4,396,942,841 160,422,325 184,229,225 4,052,291,291 4,637,630,653 164,930,832 • 260,573,300 4,212,126,521 4,465,555,281 196,589,869 245,353,675 4,023,611,737 4,564,056,921 162,135,271 215,889,995 4,186,031,655
In circulation March: Outstanding.. In the Treasury In Federal reserve 333,814,578 346,681,016 15,994,562 1,779,240 1,779,000 7,281 797,783,048 880,119,372 80,293,948
In circulation April: Outstanding In the Treasury In Federal reserve 330,686,454 346,681,016 15,500,199 1,771,719 1,771,000 4,734 799,825,424 895,255,302 90,019,113
In circulation May: Outstanding In the Treasury In Federal reserve 331,180,817 346,681,016 12,453,649 1,766,266 1,765,000 7,068 805,236,189 897,985,240 79,712,822
In circulation June: Outstanding In the Treasury In Federal reserve 334,227,367 346,681,016 13,818,465 1,757,932 1,754,000 8,839 818,272,418 906,943,712 94,056,241
In circulation July: Outstanding In the Treasury.... In Federal reserve 332,862,551 346,681,016 15,764,258 1,745,161 1,739,000 9,442 812,887,471 931,607,562 96,722,942
In circulation August: Outstanding In the Treasury.... In Federal reserve 330,916,758 346,681,016 15,156,163 1,729,558 1,734,000 9,379 834,884,620 956,130,870 106,390,289
In circulation September: Outstanding In the Treasury.... In Federal reserve banks 331,524,853 346,681,016 17,943,605 1,724,621 1,728,000 9,696 849,740,58i 972,676,010 118,368,829
In circulation October: Outstanding In the Treasury.... In Federal reserve banks 328,737,411 346,681,016 18,667,032 1,718,304 1,720,000 10,907 854,307,181 990,381,125 112,820,984
In circulation November: Outstanding ... In the Treasury.... In Federal reserve banks 328,013,984 346,681,016 19,192,220 1,709,093 1,706,000 3,734 877,560,141 985,164,960 101,879,630
In circulation December: Outstanding In the Treasury.... In Federal reserve banks 327,488,796 346,681,016 19,792,932 1,702,266 1,699,000 3,264 883,285,330 993,461,492 99,583,653
In circulation 1920—January Outstanding In the Treasury.... In Federal reserve bauks 326,888,084 346,681,016 25,953,688 1,695,736 1,698,000 4,475 893,877,839 991,290,990 134,990,511
In circulation February: Outstanding In the Treasury.... In Federal reserve banks 320,727,328 346,681,016 18,107,739 1,693,525 1,687,000 708 856,300,479 960,475,655 104,393,776
In circulation 328,573,277 1,686,292 856,081,879
REPORT OF THE TREASURER OF THE UNITED STATES. 69
No. 11.— United States notes, Treasury notes, Federal reserve notes, and national-bank notes outstanding, in the Treasury, and in circulation at the end of each month, from January, 1915—Continued.
Month. United States notes. Treasury notes. Federal reserve notes. Nationalbank notes. Total.
1920—March: Outstanding , In the Treasury.... ]n Federal reserve banks 8346,681,016 15,352,453 ■$1,682,000 1,201 83,299,064,875 37,215,503 217,362,035 3,044,487,337 3,326,188,020 24,946,767 235,306,240 3,065,935,013 3,357,807,675 22,274,609 ' 235,201,821 3,100,331,245 3,405,877,120 30,096,579 256,176,480 3,119,604,061 8929.873,152 47,678,382 $4,577,301,043 100,247,539 217,362,035 4,259,691,469 4,586,2{59,408 82,554,580 235,306,240 4,268,408,588 4,616,162,278 56,056,622 235,201,821 4,324,903,835 4,674,480,666 65,174,755 255,176,480 4,353,129,431
In circulation April: Outstanding In the Treasury.... In Federal reserve banks 331,328,563 346,681,016 11,823,117 1,680,799 1,677,000 8,020 882,194,770 911,723,372 45,776,676
In circulation May: Outstanding In the Treasury.... In Federal reserve banks 334,857,899 346,681,016 9,490,672 1,668,980 1,669,000 8,172 865,946,696 910,004,587 24,283,169
In circulation June: Outstanding In the Treasury.... In Federal reserve banks 337,190,344 346,681,016 9,567,164 1,660,828 1,659,000 2,773 885,721,418 920,263,530 25,508,239
In circulation 337,113,852 1,656,227 894,755,291
No. 12.—Gold certificates and silver certificates outstanding, in the Treasury, and in circulation at the end of each month, from January, 1915.
Month. Gold certificates. Silver certificates. Total.
1915—January: Outstanding In the Treasury $996,590,869 38,142,830 958,448,039 1,019,100,769 $476,018,000 23,404,726 452,613,274 $1,472,608,869 61,547,556 1,411,061,313 1,500,778,769 71,999,289
In circulation
February: Outstanding 481,678,000 18,835,799
In the Treasury 53,163,490
In Federal reserve banks 1 20'520',320 945,416,959 1,045,641,769 20,520,320 1,408 259,160
In circulation 462,842,201
March: Outstanding 494,743,000 1,540,384,769 79,141,137
In the Treasury 63,966,890 30,469,650 15,174,247
In Federal reserve banks 1 30,469,650 1,430,773,982 1,564,387,769 56,163,119 41,064,500
In circulation 951,205,229 479,568,753 493,306,000 13,593,579
April: Outstanding In the Treasury In Federal reserve banks 1 1,071,081,769 42,569,540 41,064,500
In circulation May: Outstanding. In the Treasury 987,447,729 1,131,334,769 49,659,950 479,712,421 495,177,000 12,652,252 1,467,160,150 1,626,511,766 62,312,200 54,180 802
In Federal reserve banks 1 54,180,800 1,027,494,019 1,218,432,769 83,219,150
In circulation 482,524,748 493,459,000 11,488,605 1,510,018,767 1,711,891,769
June: Outstanding
In the Treasury 94j 707’755 62,365,800 1,554,818,214 1,726,308,769 104,179,902 79,965,800 1,542,163,067 1,788,616,769 82,933,689 89,065,800 1,616,617,280 1,874,709,769 100,554,143 120,211,500 1,653,944,126 eserve notes.
In Federal reserve banks 1 62'365'800 1,072,847,819 1,240,639,769 94,437,830 79,965,800 1,066,236,139 1,304,852, 769 73,794,210 89,065,800 1,141,992,759 1,383,195,769 90,706,670 120,211,500 1,172,277,599 agents against is
In circulation 481,970,395 485,669,000 9,742,072
July: Outstanding
In the Treasury
In Federal reserve banks 1
In circulation 475,926,928 483,764,000 9,139,479
August: Outstanding
In the Treasury
In Federal reserve banks 1
In circulation 474,624,521 491,514,000 9,847,473
September: Outstanding
In the Treasury
In Federal reserve banks 1
In circulation 481,666,527 sues of Federal r
' Held by Federal reserve banks or Federal reserve
70 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 12.—Gold certificates and silver certificates outstanding, in the Treasury, and in circulation at the end of each month, from, January, 1915—Continued.
Month.
1915—October: Outstanding...........................................
In the Treasury.............................
In Federal reserve banks 1. - —.............
In circulation..............................
November: Outstanding.....................................
In the Treasury.............................
In Federal reserve banks 1..................
In circulation..............................
December: Outstanding....’:...............................
In the Treasury.............................
In Federal reserve banks 1..................
In circulation..............................
1916—January: Outstanding...........................................
In the Treasury.............................
In Federal reserve banks 1..................
In circulation..............................
February: Outstanding.....................................
In the Treasury.............................
In Federal reserve banks1...................
In circulation..............................
March: Outstanding.....................................
In the Treasury.............................
In Federal reserve banks1...................
In circulation...,..........................
April: Outstanding.....................................
In the Treasury.............................
In Federal reserve banks 1..................
In circulation..............................
May: Outstanding.....................................
In the Treasury.................'...........
In Federal reserve banks 1..................
In circulation..............................
June: Outstanding...........l.........................
In the Treasury.............................
In Federal reserve banks1...................
In circulation..............................
July: Outstanding.....................................
In the Treasury.............................
In Federal reserve banks1...................
In circulation..............................
August: Outstanding.....................................
In the Treasury.............................
In Federal reserve banks1...................
In circulation.............................
September: Outstanding.....................................
In the Treasury.............................
In Federal reserve banks1..................
In circulation.............................
October: Outstanding....................................
In the Treasury............................
In Federal reserve banks 1.................
In circulation.............................
November: Outstanding...........■........................
In the Treasury............................
In Federal reserve banks 1.................
In circulation.............................
December: Outstanding....................................
In the Treasury............................
In Federal reserve banks1..................
In circulation.............................
Gold certifi- Silver cer- Total.
cates. tiflcates.
$1,471,890,769 $498,193,000 $1,970,083,769
96,497,980 11,341,213 107,839,193
148,920,000 148,920,000
1,226,472,789 486,851,787 1,713,324,576
1,550,614,769 499,020,000 2,049,634,769
123,447,370 9,926,445 133,373,815
168,506,800 168,506,800
1,258,660,599 489,093,555 1,747,754,154
1,611,922,769 499,041,000 2,11Q, 963,769
136,833,540 13,332,337 150,165,877
193,940,000 193,940,000
1,281,149,229 485,708,663 1,766,857,892
1,643,792,769 496,608,000 2,140,400,769
126,259,583 15,888,644 142,148,227
201,810,000 201,810,000
1,315,723,186 480,719,356 1,796,442,542
1,629,023,769 493,413,000 2,122,436,769
134,360,110 11,391,249 145,751,359
169,188,000 169,188,000
1,325,475,659 482,021,751 1,807,497,410
1,636,708,669 499,165,000 2,135,873,669
154,750,360 12,258,607 167,008,967
164,852,700 164,852,700
1,317,105,609 486,906,393 1,804,012,002
1,654,061,669 498,312,000 2,152,373,669
191,220,350 10,839,772 202,060,122
161,937,000 161,937,000
1,300,904,319 487,472,228 1,788,376,547
1,694,599,669 499,738,000 2,194,337,669
218,472,060 9,735,222 228,207,282
163,047,000 163,047,000
1,313,080,609 490,002,778 1,803,083,387
1,729,565,669 499,451,000 2,229,016,669
164,165,380 9,540,063 173,705,443
151,577,000 151,577,000
1,413,823,289 489,910,937 1,903,734,226
1,750,037,669 493,640,000 2,243,677,669
194,932,410 9,653,301 204,585,711
145,946,000 145,946,000
1,409,159,259 483,986,699 1,893,145,958
1,790,785,669 492,344,000 2,283,129,669
171,584,180 10,337,443 181,921,623
152,976,000 ’ 152,976,000
1,466,225,489 482,006,557 1,948,232,046
1,855,457,669 492,127,000 2,347,584,669
150,509,400 9,022,254 159,531,654
184,208,000 184,208,000
1,520,740,269 483,104,746 2,003,845,015
1,910,325,669 490,443,000 2,400,768,669
140,122,750 11,421,082 151,543,832
207,829,600 207,829,600
1,562,373,319 479,021,918 2,041,395,237
2,002,100,669 490,374,000 2,492,474,669
197,796,350 12,083,711 209,880,061
230,927,600 230,927,600
1,573,376,719 478,290,289 2,051,667,008
2,056,886,669 493,348,000 2,550,234,669
134,810,040 16,552,387 151,362,427
262,046,600 262,046,600
1 1,660,030,029 476,795,613 2,136,825,642
i Held by Federal reserve banks or Federal reserve agents against issues of Federal reserve notes.
REPORT OF THE TREASURER OF THE UNITED STATES. 71
No. 12.—Gold certificates and silver certificates outstanding, in the Treasury, and in circulation at the end of each month, from January, 1915—Continued.
Month. Gold certificates. Silver certificates. Total.
1917—January: Outstanding $2,189,449,669 140,897,230 255,283,600 1,793,268,839 2,226,747,669 125,154,210 291,093,600 1,810,499,859 2,313,948,669 107,493,800 340,536,100 1,865,918,769 2,454,612,669 240,140,310 401,589,350 1,812,883,009 2,474,965,669 304,404,734 434,464,600 1,736,096,335 2,094,336,669 510,100,760 192,098,550 1,392,137,359 2,054,313,669 497,680,680 227,227,100 1,329,405,889 2,062,919,669 538,748,850 265,169,600 1,259,001,219 2,053,427,669 509,594,500 272,453,400 1,271,379,769 2,056,527,669 574,765,820 260,880,840 1,220,881,009 2,034,266,669 640,454,700 238,899,980 1,154,911,989 1,979,616,669 636,458,595 246,297,230 1,096,860,844 1,943,965,669 660,407,569 268,277,720 1,015,280,380 1,924,302,669 669,199,785 269,797,405 985,305,479 1,903,903,669 681,915,787 246,935,950 975,051,932 gents against iss $486,731,000 20,760,922 $2,676,180,669 161,658,152 255,283,600 2,259,238,917 2,717,602,669 140,489,351 291,093,600 2,285,919,718 2,802,390,669 119,587,784 340,536,100 2,342,266,785 2,946,485,669 251,281,487 401,589,350 2,293,614,832 2,969,042,669 315,936,521 434,464,600 2,218,641,548 2,587,196,669 525,775,918 192,098,550 1,869,322,201 2,544,442,669 514,321,632 227,227,100 1,802,893,937 2,551, Oil, 669 554,540,082. 265,169,600 1,731,301,987 2,541,657,669 520,812,661 272,453,400 1,748,391,608 2,543,723,669 585,512,349 260,880,840 1,697,330; 480 2,518,946,669 650,667,295 238,899,980 1,629,379,394 2,463,753,669 648,404,019 246,297,230 1,569,052,420 2,420,605,669 676,062,010 268,277,720 1,476,265,939 2,396,212,669 681,681,839 269,797,405 1,444,733,425 2,368,807,669 694,018,023 246,935,950 1,427,853,696 serve notes.
In the Treasury
In Federal reserve banks 1
In circulation 465,790,078 490,855,000 15,435,141
February: • Outstanding
In the Treasury
In Federal reserve banks 1
In circulation 475,419,859 488,442,000 12,093,984
March: Outstanding
In the Treasury
In Federal reserve banks1
In circulation 476,348,016 491,873,000 11,141,177
April: Outstanding
W In the Treasury
In Federal reserve banks 1
In circulation 480,731,823 494,077,000 11,531,787
May: Outstanding
In the Treasury
In Federal reserve banks 1
In circulation 482,545,213 492,860,000 15,675,158
June: Outstanding
In the Treasury
In Federal reserve brinks1
In circulation 477,184,842 490,129,000 16,640,952
July: Outstanding
In the Treasury
In Federal reserve banks1
In circulation 473,488,048 488,092,000 15,791,232
August: Outstanding
In the Treasury
In Federal reserve banks1
In circulation 472,300,768 488,230,000 11,218,161
September: Outstanding
In the Treasury
In Federal reserve banks1
p In circulation 477,011,839 487,196,000 10,746,529
October: Outstanding
In the Treasury
In Federal reserve banks1
In circulation 476,449,471 484,680,000 10,212,595
November: Outstanding
In the Treasury
In Federal reserve banks1
In circulation 474,467,405 484,137,000
December: Outstanding
In the Treasury 11'945^ 424
In Federal reserve bank1
In circulation 472,191,576 476,640,000 15,654,441
1918—January: Outstanding
In the Treasury
In Federal reserve banks 1
In circulation 460,985,559 471,910,000 12,482,054
February: » » Outstanding
In the Treasury
In Federal reserve banks1
In circulation 459,427,946 464,904,000 12,102,236
March: Outstanding
In the Treasury
In Federal reserve banks 1
& In circulation 452,801,764 ues of Federal re
M' ™ 1 Held by Federal reserve banks or Federal reserve a
12 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 12.—Gold certificates and silver certificates outstanding, in the Treasury, and in circulation at the end of each month, from January, 1915—Continued.
Month. Gold certificates. Silver certificates. Total.
1918—April: Outstanding $1,877,321,669 697,866,020 241,869,780 937,585,869 1,842,070,669 719,303,292 214,277,430 908,489,947 1,784,480,669 757,849,000 208,278,320 818,353,349 1,725,047,669 736,102,900 183,069,820 805,874,949 1,696,844,669 737,119,980 204,913,320 754,811,369 1,692,086,669 754,647,865 197,409,820 740,028,984 1,680,828,669 762,261,750 193,850,780 724,716,139 1,673,779,669 771,692,715 196,800,780 705,286,174 1,656,970,669 771,657,605 222,597,280 662,715,784 1,641,728,669 779,527,314 219,300,780 642,900,575 1,621,320,669 782,661,525 207,920,780 630,738,364 1,595,465,669 770,060,714 223,920,780 601,484,175 1,571,533,669 759,864,722 221,917,280 589,751,667 1,564,920,669 770,218,408 213,917,280 580,784,981 1,550,259,669 814,480,178 205,417,280 530,362,211 $455,888,000 13,818,260 $2,333,209,669 711,684,280 241,869,780 1,379,655,609 2,274,865,669 738,997,177 214,277,430 1,321,591,062 2,193,695,669 787,852,532 208,278,320 1,197,564,817 2,108,681,669 758,609,337 183,069,820 1,167,002,512 2,061,941,669 757,520,067 204,913,320 1,099,508,282 2,046,755,669 778,615,448 197,409,820 1,070,730,401 2,021,937,669 787,637,924 193,850,780 1,040,448,965 1,998,070,669 801,567,371 196,800,780 999,702,518 1,962,015,669 811,884,665 222,597,280 927,533,724 1,924,811,669 829,424,359 219,300,780 876,086,530 1,886,907,669 832,145,138 207,920,780 846,841,751 1,846,513,669 813,956,104 223,920,780 808,636,785 1,805,950,669 798,970,097 221,917,280 785,063,292 1,780,334,669 805,990,556 213,917,280 760,426,833 1,754,202,669 849,274,885 205,417,280 699,510,506
In the Treasury.
In Federal reserve banks 1
In circulation 442,069,740 432,795,000 19,693,885
May: Outstanding
In the Treasury
In Federal reserve banks 1
In circulation 413,101,115 409,215,000 30,003,532
June: Outstanding
In the Treasury
Jn Federal reserve banks 1
In circulation 379,211,468 383,634,000 22,506,437
July: Outstanding
In the Treasury
In Federal reserve banks 1
In circulation 361,127,563 365,097,000 20,400,087
August: Outstanding
In the Treasury
Jn Federal reserve banks 1
In circulation 344,696,913 354,669,000 23,967,583
September: Outstanding
In the Treasury
In Federal reserve banks 1
In circulation 330,701,417 341,109,000 25,376,174
October: Outstanding
In the Treasury
Tn Federal reserve banks 1
In circulation 315,732,826 324,291,000 29,874,656
November: Outstanding
In the Treasury
Tn Federal reserve banks 1 ..
In circulation 294,416,344 305,045,000 40,227,060
December: Outstanding
In the Treasury
In Federal reserve banks 1
In circulation 264,817,940 283,083,000 49,897,045
1919—January: Outstanding
In the Treasury
Tn Federal reserve banks 1 .
In circulation 233,185,955 265,587,000 49,483,613
February: Outstanding
In the Treasury
Tn Federal reserve banks 1
In circulation 216,103,387 251,048,000 43,895,390
March: Outstanding
In the Treasury
Tn Federal reserve banks 1
In circulation 207,152,610 234,417,000 39,105,375
April: Outstanding
In the Treasury
Tn Federal reserve banks 1
In circulation 195,311,625 215,414,000 35,772,148
May: Outstanding
In the Treasury
Tn Federal reserve banks 1 -
In circulation 179,641,852 203,943,000 34,794,705
June: Outstanding
In the Treasury
Tn Federal reserve banks 1
In circulation 169,148,295
1 Held by Federal reserve banks or Federal reserve agents against issues of Federal reserve notes.
REPORT OF THE TREASURER OF THE UNITED STATES. 73
No. 12.—Gold certificates and silver certificates outstanding, in the Treasury, and in circulation at the end of each month, from, January, 1915—Continued.
Month. Gold certificates. Silver certificates. Total.
1919—July:
Outstanding $1,493,605,669 $194,730,400 $1,688,336,069
In the Treasury 799,282,032 30,471,879 829,753,911
In Federal reserve banks 1 208,417,280 164,258,521 208,417,280
In circulation August: Outstanding 485,906,357 650,164,878
1,477,138,669 187,276,400 1,664,415,069
In the Treasury 804,347,586 26,852,342 831,199,928
In Federal reserve banks 1 233,248,280 160,424,058 233,248,280
In circulation 439,542,803 599,966,861
September:
Outstanding 1,473,885,669 185,858,400 1,659,744,069
In the Treasury 800,583,888 26,767,814 827,351,702
In Federal reserve banks1 244,248,280 159,090,586 244,248.280 588,144’087
In circulation October: 429,053,501
Outstanding 1,463,972,069 180,265,400 1,644,237,469 824,413,743
In the Treasury 800,284,057 24,129,686
In Federal reserve banks1 239,248,280 424,439,732 156,135,714 239,248,280 580,575,446
In circulation November:
Outstanding 1,451,894,569 180,895,900 1,632,790,469
In the Treasury 802,954,208 23,253,208 826,207,416
In Federal reserve banks1 233,248,280 157,642,692 233,248,280
In circulation December: 415,692,081 573,334,773
Outstanding . In the Treasury 1,441,179,069 776,626,718 176,279,400 26,752,308 1,617,458,469 803,379,026
In Federal reserve banks1 240,748,280 149,527,092 240,748,280
In circulation 423,804,071 573,331,163
1920—January: 1,600,071,069
Outstanding 1,435,929,069 '796,570,979 164,142,000
In the Treasury 26,798,173 823,369,152 231,748,280
In Federal reserve banks1 231,748,280 137,343,827
In circulation February: Outstanding 407,609,810 544,953,637
1,432,701,069 154,622,000 1,587,323,069
In the Treasury 812,748,815 26,050,477 838,799,292
In Federal reserve banks1 232,748,280 128,571,523 232,748,280
In circulation March: 387,203,974 515,775,497
Outstanding 1,382,858,569 145,979,400 1,528,837,969 832,974,378
In the Treasury 806,304,060 26,670,318
In Federal reserve banks 1 187,278,280 119,309,082 187,278,280
In circulation April: 389,276,229 508,585,311
Outstanding 1,380,545,569 138,219,400 1,518,764,969
In the Treasury 805,442,760 14,461,381 819,904,141
In Federal reserve banks 1 190,738,280 123,758,019 190,738,280
In circulation , May: 384,364,529 508,122,548
Outstanding 1,377,477,569 | 131,210,400 1,508,687,969
In the Treasury 801,124,778 5,920,363 807,045,141
In Federal reserve banks1 194,058,280 125,290,037 194,058,280
In circulation June: 382,294,511 507,584,548
Outstanding In the Treasury 1,375,659,569 790,935,924 124,240,400 5,982,517 1,499,899,969 796,918,441
In Federal reserve banks 1 194,058,280 118,257,883 194,058,280 508,923,248
In circulation 390,665,365
i Held by Federal reserve banks or Federal reserve agents against issues of Federal reserve notes.
74 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 13.—Estimated stock of all kinds of money at the end of each month, from January, 1914.
[Notes include United States notes, Treasury notes, Federal reserve notes, and national-bank notes.]
Month. Gold. Silver. Notes. Aggregate.
1914—January $1,916,813,556 1,920,268,748 1,927,179,218 1,942,562,107 1,931,342,109 1,890,656,791 1,887,270,664 1,844,602,682 1,861,838,264 1,835,416,298 1,817,121,700 1,815,976,319 1,823,747,112 1,832,428,955 1,876,326,539 1,889,142,465 1,914,785,996 1,985,539,172 2,006,399,539 2,056,732,138 2,141,782,259 2,198,113,762 2,260,687,547 2,312,444,489 2,328,421,835 2,318,973,327 2,316,948,420 2,319,548,404 2,331,494,834 2,449,706,205 2,500,229,564 2,548,241,473 2,636,009,568 2,700,136,976 2,741,669,491 2,864,841,650 2,912,465,116 2,968,355,434 3,088,904,808 3,121,887,443 3,088,711,272 3,019,146,563 3,086,218,498 3,062,614,285 3,035,390,720 3,041,549,041 3,040,472,040 3,040,439,343 3,038,545,652 3,041,643,270 3,042,708,319 3,042,711,222 3,043,879,782 3,075,788,838 3,080,767,801 3,079,300,229 3,079,094,009 3,079,784,766 3,080,043,323 3,080,510,011 3,085,459,209 3,084,213,002 3,092,415,909 3,092,430,916 3,092,037,699 3,026,591,090 2,989,548,109 2,944,727,731 2,905,726,555 2,872,525,066 2,833,221,135 2,787,714,306 2,762,905,481 2,720,767,606 2,662,284,553 2,646,615,750 2,663,730,358 2,693,963,700 $744,666,218 745,284,287 745,832,704 746,556,532 747,013,810 747,840,165 748,287,696 748,677,284 748,937,570 749,530,892 750,005,153 750,455,105 750,738,880 750,836,952 751,133,487 753,340,444 753,566,352 753,701,905 753,749,001’ 754,158,666 755,099,238 755,002,041 756,967,012 757,400,624 757,370,863 755,785,541 755,737,870 755,840,844 755,672,388 757,128,802 755,764,258 756,286,861 758,139,935 757,966,035 759,051,485 761,765, 401 761,892,339 762,639,268 764,587,608 766,085,149 766,262,250 766,544,232 767,740,218 769,107,448 772,313,636 778,133,758 782,734,813 786,496,092 789,351,226 791,074,695 794,241,233 766,566,970 750,230,284 731,372,510 705,420,610 692,128,804 675,068,762 664,851,136 652,419,136 642,085,919 615,889,682 592,078,303 571,822,348 554,915,536 552,658,692 551,016,197 551,855,029 551,333,776 551,526,142 553,273,524 554,686,500 537,674,180 536,091,515 523,174,353 523,242,422 524,745,748 526,304,748 527,712,733 $1,103,242,782 1,102,368,847 1,101,232,315 1,100,927,782 1,100,695,712 1,099,791,915 1,100,021,037 1,226,636,297 1,426,959,792 1,470,535,927 1,464,258,092 1,405,942,262 1,351,772,874 1,314,620,182 1,290,111,996 1,268,809,583 1,254,724,464 1,250,215,109 1,249,412,889 1,250,768,323 1,273,777,476 1,295,758,697 1,311,651,669 1,332,143,224 1,332,443,084 1,307,093,649 1,300,090,727 1,292,649,242 1,287,799,209 1,276,024,126 1,268,977,062 1,275,883,167 1,305,239,579 1,322,175,476 1,349,327,330 1,385,438,466 1,368,883,502 1,415,183,391 1,458,616,856 1,526,988,423 1,570,443,876 1,622,299,231 1,659,334,178 1,721,939,421 1,834,498,743 2,004,771,536 2,202,921,056 2,429,262,836 2,346,517,086 2,518,830,091 2,643,231,973 2,731,676,438 2,820,897,616 2,933,910,946 3,109,901,388 3,321,526,338 3,636,845,506 3,845,537,269 3,937,114,121 4,058,197,676 3,910,279,919 3,890,008,619 3,923,010,748 3,967,352,808 3,947,382,601 3,941,181,713 3,983,712,223 4,067,644,301 4,205,645,541 4,295,762,516 4,395,236,841 4,635,931,653 4,463,857,281 4,562,369,921 4,575,619,043 4,584,592,408 4,614,493,278 4,672,821,666 $3,764,722,556 3,767,921,882 3,774,244,237 3,790,046,421 3,779,051,631 3,738,288,871 3,735,579,397 3,819,916,263 4,037,735,626 4,055,483,117 4,031,484,945 3,972,373,686 3,926,258,866 3,897,886,089 3,917,572,022 3,911,292,492 3,923,076,812 3,989,456,186 4,009,561,429 4,061,659,127 4,170,658,973 4,248,874,500 4,329,306,228 4,401,988,337 4,418,235,782 4,381,852,517 4,372,777,017 4,368,038,490 4,374,966,431 4,482,859,133 4,524,970,884 4,580,411,501 4,699,389,082 4,780,278,487 4,850,048,306 5,012,045,517 5,043,240,957 5,146,178,093 5,312,109,272 5,414,961,015 5,425,417,398 5,407,990,026 5,513,292,894 5,553,661,154 5,642,203,099 5,824,454,335 6,026,127,909 6,256,198,271 6,174,413,964 6,351,548,056 6,480,181,525 6,540,954,630 6,615,007,682 6,741,072,294 6,896,089,799 7,092,955,371 7,391,008,277 7,590,173,171 7,669,576,580 7,780,793,606 7,611,628,810 7,566,299,924 7,587,249,005 7,614,699,260 7,592,078,992 7,518,789,000 7,525,115,361 7,563,705,808 7,662,898,238 7,721,561,106 7,783,144,476 7,961,320,139 7,762,854,277 7,806,311,880 7,761,146,018 7,755,953,906 7,804,528,384 7,894,498,099
February
March
April
May
June
July
August
September
October
November
December
1915—January
February
March
April
May
June
July
August
September
October
November
December
1916—January
February
March
April
May
June -
July
August
September
October
November
December
1917—January
February
March
April
May
June
July
August
September
October
November
December
1918—January
February
March
April
May
June
July
August
September
October
November
December
1919—January
February
March
April
May
June
July
August....'
September
October
November
December
1920—January
February
March
April
Ma v
June
REPORT OF THE TREASURER OF THE UNITED STATES. 75
No. 14.—Estimated amount of all kinds of money in circulation at the end of each month, from January, 1914-
Month. Gold. Silver. Notes. Certificates. Total.
1914—January $610,809,854 $233 581 006 $1 029 017 428 | ,f1 5f>8 171 965 !R3 441 580 90S
I- February 611,907,591 232 431’546 1’049’579? 620 1 555 862649 3 44Q 774 4OQ
r March 605,642,125 231’380’138 ■ 1’057’ 645’ 402 1 555 847 761 2 450 01 5 497
April 612 771 453 230’ 437’ 304 1 ’ 055’ 829’676 1 577 126 Q46 2 47R 995 27Q
F’ May 615,431 580 230’309’395 1’062’177’n01 1’572 155 886 2 420 074 219
r June 611,544,681 230'266' 183 1 ’ O.55’ 452’ 447 1’ 504"751’116 2 409. 015 497
July 632,332,591 230'lio'548 1’055’937’734 1’448’988’057 3 367 368 030
ITl August 627' 104! 376 231 713 186 1 193’758’505 1426 027? 725 21 4787 6037 709
p September 657' 944'193 232\289'425 1^390232’198 l’414’282’880 3 694 748 196
October 665' 854' 219 232 743 841 1 420 800’188 1 896 124 058 2’715 522 306
A1 November 637,'553^ 443 232 \ 817,' 124 1'366' 695* 116 l’898’152’549 3 630 218 239,
December 631' 607' 599 233 184 049 1 304 456 011 1’875’918’ 457 545 166 116
1915—January 623,050,364 227’956 698 l’222’061’200 1’41l’06l’818 3* 484’ 130’ 175
February 606,885,331 225,946,275 l,220’062'658 1’408’259’160 3’46l’153’424
March 614' 632,' 850 224,587,030 1,214 583 992 1’480’773’982 3’ 484’ 577’ 854
April 598' 931' 706 223,513,320 1,203 433 700 1’467’160’ 150 3’493’038’ 876
May 591,567,104 223,661,505 1,202' 140'804 1’51O’ 018’ 767 3’527’388’ 180
June 590,133,619 223,913,111 1,200,354,630 1'554'818'214 3’569’219’574
July 596,561,647 223' 578'517 1,201,401,791 1 542,163?067 3’563’705 022
August 575', 712' 933 224' 040J 793 1,209 061 651 1 616 617 280 3’625’ 432’ 657
September 615,' 977' 722 227,189,902 1,233'193^008 1'653'944'126 3’730'304’758
October 597^ 108! 847 229' 972' 066 1,258 995,563 1 713 324 576 3’ 799 471 052
November 603J 342! 562 234,114,162 1,273,850,103 1J747!754' 154 3’ 859’ 060’ 981
December 612' 561'038 236' 667' 435 1', 293' 097! 806 1 766 857 892 3 909 184 171
1916—January 620' 503' 717 233,516,812 1,283,215,806 ■ 1 ' 796! 442 542 3' 933’ 678’ 877
February 612^340^971 231,282,411 1,274,680,800 1,807,497,410 3’925,801,592
March. 610' 982' 136 231' 515' 953 1^270^970^903 1 804,012 002 3 917 480 994
April 625,876,808 233,087,555 1,262,939,892 1’ 788,376’ 547 3’910’280’802
May 628j487039 234' 509' 277 1,257,508,197 1,803,083,387 3,923 587,900
June 637^249'272 237' 832,' 978 1,245,281,286 1 903,734,226 4 024,097,762
July 632,159,672 237'564'582 1^237'131'460 1,893,145,958 4 000,001,672
August 629' 821J 204 239' 677! 285 1' 249' 128' 617 1 948,232,046 4 066,859,152
September 644,! 900' 316 248,023,430 1,281,752,454 2 003,845,015 4 178 521,215
October 650' 123'528 250' 886' 697 1,298,756,727 2,041,395,237 4’241 162,189
November 669'368^308 257! 127,' 986 1,325^ 8311 932 2,051,667,008 4 303,995,234
December 679' 702890 262j 502!184 1!361'9011918 2 136 825 642 4 440 932 634
1917—January 650,' 991,'349 259,108,254 1,328,722,351 2,’ 259,238,917 4’498,’060^871
February 652! 506! 602 260! 573'023 1' 384,' 696! 527 2 285 919,718 4 583 695 870
March 667' 338' 062 262'367!118 1,430,158,976 2,342,266,785 4!702’130,941
April 678' 211' 423 262,777,531 1'502^238' 177 2,293,614,832 4 736 841,963
May 701,131,384 264! 650' 950 h 546'903^100 2 218 641,548 4 731 326,982
June 1,036,089,527 265,677,472 1,592,486,432 1,869,322,201 4,763,575,632
July 1,155,709,022 266,785,591 1! 626! 695!919 1,802,893,937 4 852,084,469
August 1' 151' 960! 772 269'584^658 1' 646' 476'429 1,731 301 987 4 799 323,846
September 1' 035' 288,234 276' 002'047 1,760,864,565 1 748 391 608 4’ 820’ 546,454
October 1^021' 616'341 283,824,382 1,922,157,145 1 697 330 480 4’924’928,348
November 1^065' 170' 819 289317' 660 2,101,502,479 1 629’379 394 5’085’370 352
December '972'561 ,'266 294,' 304' 082 2,284,507,140 1 569 052 420 5’120’424 908
1918—January 1,039' 557! 784 291,638,601 2,158 416,280 1’476 265,939 4’965’878 604
February ' 987,' 869! 451 291,008,485 2,368,919,321 1’444 733 425 5’ 092’ 530’682
March 1,029,779,585 292! 414'967 2,490,213,253 1’427 853 696 5’240’261’ 501
April . ... 1,064,222,631 292,910 673 2,581 757 804 1’379’655 609 5’318’546 717
May ' 986! 515' 538 293'787'221 2 644 768,432 l’321’591’062 5’246’662 253
June 1,114^077'426 294,503,829 2,773,281,352 1’197'564’817 5’379’427’424
July 1!168' 048!306 297,' 035/289 2'927^310'454 1 167 002 512 5 559 396 561
August. l 1,062'558'390 300 762 762 3 158 481 767 1 ’ 099’ 508’ 282 5’621 ’311’ 201
September 962,748,000 307'774' 839 3^ 448^ 764^ 334 1’070’730’401 5’790’017’574
October 945,885,712 312' 459'475 3,645 007,019 1’040’448 965 5’943’801 171
November 937,' 008' 088 317,'173,'321 3,739,743,936 ’999’702,’518 5’ 993’ 627 863
December 910! 73L 705 321' 177! 218 3' 791' 925' 479 927 533 724 5 951 368 126
1919—January 939'281^718 321' 425' 654 3,589 467 127 876’086’ 530 5’726’261 ’ 029
February 984,924,231 312,620,354 3,608,661,398 846’8411751 5’753'047’734
March 1,090' 679923 312' 004'572 3' 636! 042' 361 808’636 785 5 847’363 641
April 1' 106' 910' 391 312' 563' 414 3,658,750,994 785 063 292 5’863’288 091
May l'100' 256' 283 313!149' 862 3,660,435,234 760’426’ 833 5’834’268’ 212
June 1,112,353,324 312' 641' 023 3,641! 525' 120 699 510 506 5 766 029 973
July. 1,142,202,136 313' 914'109 3'672^283'895 650,164,878 5,778 565,018
August 1'084'. 813' 226 314' 295' 476 3' 744' 553', 504 599,966,861 5,743,629,067
September... 1' 047^ 846' 479 317'387'658 3.853,193,656 588,144,087 5,806,571,880
October.... 969,214,760 320'907833 3,946,227,740 580,575,446 5,816,925,779
November 97!h 881 i 024 324j 367^703 4'052^291'291 573!334!773 0,929!874!791
December 846,392,556 328,532,626 4,212,126,521 573!331!163 5! 960! 382', 866
1920—-J anuary 961,329,559 334'276'280 4,023,611,737 544,953,637 5,864,171.213
February 919i564'330 377'415'019 4' 186'031'655 515', 775! 497 5,998,786! 501
March 819,196,759 381,846,933 4,259' 691,469 508!585!311 5,969,320,472
April.. 831,329,148 383,347,157 4,' 268! 408! 588 508! 122! 548 5', 991! 207,441
May. 880'845! 578 383,828,283 4' 324', 903! 835 507', 584! 548 6! 102! 162! 244
June 839,244,553 386!257! 855 4,353,129,431 508,923,248 6, 087,'55o!087
76
REPORT OF THE TREASURER OF THE UNITED STATES,
No. 15.—Assets of the Treasury other than gold, silver, notes, and certificates at the end of each month, from January, 1914-
Month. Minor coin. Unassorted currency, etc. Deposits in Federal reserve and national banks. Deposits in treasury of Philippine Islands. Bonds and interest paid. Total.
1914—January SI, 733,472 1,789,323 1,877,887 1,905,680 2,048,954 2,117,481 2,179,613 2,233,774 $337,580 650,234 439,714 255,524 504,761 380,150 $84,701,289 74,085,499 63,040,181 $6,559,222 5,671,678 $93,331,563 82,196,734 70,990,156 65,384,450 68,342,485 91,446,056 69,153,069 80,997,470 79,661,148
February
March 5,632,374 4,516,329 4,78?, 622
April 58,706,917 61,0.6,148 85,043,770 62,157,564 74,816,333 72,741,460 72,597,116
May
June 3,894,909 4,375,158 3,831,870 3,821,730 4,874,295 5,021,660 3,474,247 4,501,130 $9,749
July 440,731 115,493 344,707
August
September 2,153,251
October 2,045,880 1,738,980 1,517,761 2,263,053 2,565,046 2,869,691 2,890,513 2,955,500 2,810,648 ■ 2,850,381 2,827,112 2,404,245 1,748, HO 10', 435 567,723 274,473 330,703 79,527,726 89,033,445 83,146,310 78,564,487 75} 520,573 64,020,161
November 81,705,082 77,879,829 71,469,601
December
1915—January
February 226,451 445,789 67,597,309 57,916,676 53,305,499 52,059,950 85,150,250 51,231,568 5,131,767
March 2,787,005 5,337,038 4,444,290 4,840,701 5,320,336 5,634,790 4,849,893 6,338,199 6,636,983 6,344,306 6,744,537
April 234;789 353,584 6i; 767; 839 59,813,324 93,296,335 59,725,620 57,033,152 68,421,148 73,131,542 71,850,723 67,050,170 73,148,110 79,010,184
May
June 483', 392 323,335 11,344
July
August 18 ,956 48,387,294 60,929,200 64,261,244 62,995,047 58,678,624 64,036,982 71,439,280 75,999,334 77,674,979 85,850,103
September 237,810 783,989 1,305,623 1,373,608
October
November '913,070 653,632
December
1916—January 1,130,787 1,103,194 1,235,804 633,242 517,109 551,583
February 5,834,468 4,999,372 5,826,330 4,963,552 3,968,123
March..’. 856,399 785,301 1,048,414 905,004 771,094 82;372;214 84,838,193 92,490,816 181,588.315 100,986; 207 93,334,614
April
May 628,747 396,977 276,532
June 176,314,350 95,312,556 88,645,228 79,592,936 69,541,327 66,070,037 67,418,737 62,565,603 51,319,002 89,167,023 3,861
July 4,' 626', 025 3,529,458 4,773,792 3,945,023 3,418,793 4,361,700 5,543,124
August 758,974 631,295 400,954 439,381 526,811 882,990 1,095,866 1,435,089 1,033,707 392,830 417,498 568,852 1,206,887 1,570,755 1,132,649 939,935 959,549
September 85,437,404 74,831,536 71,141,045
October 818; 375 769,225 631,026
November
December 73,507,329 70,924,840 58,802,634 96,719,006 156,618,533 254,173,707 1,138,859,514 520,589,371 540,629,733 508,349,351 1,066,953,448 1,874,070,002 851,747,506 887,916,257 1,053,305,680 998,140,206 941,193,171
1917—January 1,381,024
February 1,346,375 1,577,163 1,371,512 5; 103;550
March..' 5; 58i; 992
April 150,466,488 248,649,220 1,134,276,131 512,187,109 535,344,055 502,962,183 1,061,253,322 1,867,170,256 846,174,142 4,363,035 3,724,685 2,081,410 5,755,075 3,250,496 3,991,809
May. 1,230,950 1,274,092
June 20,944
July 1,076,432 902,533 455,424
August
September
October 461,450 313,196 4,279,127 6,000,909 3,720,176
November 585; 641 1,228,151
December 625,037 1,300,067 1,666,792 1,992,109
1918—January 3,224,327 1,940,179 6,482,960 4,232,064 979,141 878,340,362 1,045,011,925 984,931,595 5,051,501
February 4,686,784 4,733,542 3,959,894 7,015,450 4 992,603 6,668,371 8,257,409 9,372,293 8,863,603 10,492,162 8,213,721 11,124,644
March...’
April 2,638,551 3,239,823 3,132,800 930,362,662
May 1,466,131,621 1,477,366,035 1,677,344,240 1,476,793,588 1,062,587,039 937,835,311
June 1,578,910 5,312,843 7,291,076 3,139,479 2,971,518 3,118,072 8,431,870 6,899,929 5,871,555 4,691,455 1,665,695,573 1,461,953,436 1,044,687 086 923,768,067 1,828,201,512 1,396,856,557 1,047,399,154 1,249,437,387 1,597,076,926 1,944,354
July 2,858,938 2,351,468 1,555,472 1,087,594
August
September
October 1,841,124,22 '< 1,411,148,961 1,064,780,740 1,268,680,425 1,613,178,067 1,457,072,172
November 682,170 735,995
December
1919—January 1,218,465 1,492,476
February 8,737,110 10,383,085 15,660,408
March..’ 1,426,168 1,440,571,464 936,692,777 1,197,424,782
April 1,221,369 954,660 892,803 930,470 997,590 1,046,741 870,281 784,781 796,114 6,872,560 6,027,365 3,646,486 960,447,114 1,212,970,561 1,090,097,598 649,836,476 946,947,988 1,021,494,061
May 8,563,754 9,313,439 7,825,992 6,581,862 5,375,580 4; 218,255 3,405,‘57 2,687,556 3,851,585 2,389,761 3,353,426 4,705,115
June 1,075,818,929 626,980,930 425,941
July 14,099,084 14,152,161 24,944,983 42,157,567 44,267,804 25,218,310 31,650,056 20,956,602 19,782,546 23,047,172
August 925,216,375 990,126,757 663,678,138 466,839,463 819,654,52]
September
October 710,924,241 515,267,305 848,356,501 561,414,175
November
December
1920—January 2,15?,645 2,588,272 523,749,889
February 269,512,262 196,439,383 278,463,185 211,606,517 365,308,424 295,446,897 222,174,051
March. J 2,598,696 2,135,930
April 308,352,402 226,136,993 374,736,231
Mav 1', 557; 740 1,076,790 9,693,860 3,278,876 798,910
June 6;309;474 1,242,633
REPORT OF THE TREASURER OF THE UNITED STATES. 77
No. 16.—Assets of the Treasury at the end of each month, from January, 1914-
Month. Gold. Silver. Notes. Certificates Other. Total.
1914—January $1,306,003,702 $515,879,000 $64,225,344 $64,449,001 $93,331,563 $2,043,888,613
February 1,308,361,157 518,094,653 52,796,217 58,709,327 82,196,734 2,020,158,088
March April 1,321,537,093 1,329,790,654 1,315,910,529 1,279,112,110 1,254,938,073 1,217,498,306 1,203,894,071 519,918,752 521,441,990 522,551,174 522,867,166 523,931,328 523,177,198 522,837.708 43,586,912 45,038,106 38,518,211 44,338,468 44,083,304 32,877,792 36,727,594 56,873,208 48,903,923 46,026,033 67,073,753 62,215,812 56,819,144 52,862,489 70,990,156 65,384,450 68,342,485 91,446,059 69,153,066 80,997,470 79,061,148 2,012,906,121 2,010,559,123 1,991,348,432 2,004,837,556 1,954,321,583 1,911,369,910 1,895,383,010
May
June
July
August
September..
October 1,169,562,079 522,807,782 49,735,739 44,687,811 79,527,726 1,866,321,137
November.. 1,179,568,257 523,029,652 97,662,976 64,364,320 89,033,445 1,953,658,650
December... 1,184,368,720 523,002,000 101,486,251 72,315,412 83,146,310 1,964,318,693
1915—January 1,200,696,748 528,633,894 129,711,074 61,547,556 78,564,487 1,999,153,759
February 1,223,463,242 531,075,748 94,557,524 71,999,289 75,520,573 1,996,616,371
March 1,257,012,666 532,777,763 75,627,504 79,141,137 64,020,161 2,008,579,236
April May June 1,285,098,425 533,923,619 67,666,883 56,163,119 61,767,839 2,001,619,885
1,318,211,078 1,382,959,989 534,079,508 534,062,472 54,853,660 52,114,479 62,312,202 94,707,755 59,813,324 93,296,335 2,029,269,772 2,157,141,029
July 1,403,207,990 531,481,703 50,256,098 104,179,902 59,725,620 2,151,851,313
August 1,472,905,303 534,652,542 43,928,672 82,933,689 57,033,152 2,191,453,358
September.. 1,518.012,624 533,655,544 42,798,468 100,554,143 68,421,148 2,263,441,927
October 1,592,202,402 530,539,660 38,965,134 107,839,193 73,131,542 2,342,677,931
November 1,648,831,192 527,854,121 39,988,566 133,373,815 71,850,723 2,421,898,417
December.... 1,691,471,738 525,978,364 41,223,418 150,165,877 67,050,170 2,475,889,567
1916—January 1,703,024,330 529,518,016 51,394,278 142,148,227 73,148,110 2,499,232,961
February... 1,698,739,558 529,977,743 34,563,849 145,751,359 79,010,184 2,488,042,693
March 1,697,261,476 529,793,061 31,258,824 167,008,967 82,372,214 2,507,694,542
April May 1,685,407,916 528,380,339 31,835,350 202.060,122 84,838,193 2,532,521,920
1,695,432,145 527,049,968 32,408,012 228,207,282 92,490,816 2,575,588,223
June 1,803,493,933 525,346,635 32,845,840 173,705,443 181,588,315 2,716,980,166
July 1,858,968,040 524,305,098 33,937,602 204,585,711 100,986,207 2,722,782,658
August 1,907,707,688 522,224,548 28,838,550 181,921,623 93,334,614 2,734,027,023
September... 1,980,527,734 516,726,026 25,550,125 159,531,654 85,437,404 2,767,772,943
October 2,039,168,318 513,545,649 25,473,749 151,543,832 74,831,536 2,804,5’3,084
November... 2,059,974,155 509,631,183 25,544,398 209,880,061 71,141,045 2,876,170,842
December.... 2,174,602,909 506,315,021 25,580,548 151,362,427 73,507,329 2,931,368,234
1917—January 2,250,676,418 508,183,639 42,193,151 161,658,152 70,924,840 3,033,616,200
February.... 2,301,947,443 506,885,674 32,506,864 140,589,351 58,802,634 3,040,731,699
March 2,410,322,957 506,812,249 30,468,880 119,587,784 96,719,006 3,163,910,876
April 2,432,600,251 507,531,133 26,744,246 251,281,487 156,618,533 3,374,775,650
May 2,373,067,285 507,214,399 25,524,776 315,936,521 254,173,707 3,475,916,688
June 2,325,472,036 506,664,639 31,788,799 525,775,918 1,138,859,514 4,528,460,906
July 2,334,970,126 506,243,317 34,605,259 514,321,632 520,589,371 3,910,729,705
August 2,304,344,113 504,475,878 30,950,551 554,540,082 540,629,733 3,934,940,357
September... 2,337,628,246 501,839,112 28,743,960 520,812,661 508,349,351 3,897,373,330
October 2,355,727,660 501,661,060 28,805,621 585,512,349 1,066,953,448 4,538,660,138
November 2,358,411,326 500,700,251 38,854,153 650,667,295 1,874,070,002 5,422,703,027
December.... 2,363,636,859 499,366,487 46,724,926 648,404,019 851,747,506 4,409,879,797
1918—January 2,394,221,095 507,644,784 65,544,396 676,062,010 887,916,257 4,531,388,542
February.... 2,401,135,507 512,217,990 61,270,582 681,681,839 1,053,305,680 4,709,611,598
March 2,405,811,764 509,803,212 58,100,930 694,018,023 998,140,206 4,665,874,135
April May 2,413,908,438 479,096,396 51,531,669 711,684,280 941,193,171 4,597,413,954
2,437,009,234 464,829,522 60,461,749 738,997,177 1,477,366,035 5,178,663,717
June 2,479,954,967 450,241,028 56,301,244 7.87,852,532 1,677,344,240 5,451,694,011
July 2,507,711,100 423,675,252 78,237,929 758,609,337 1,476,793,588 5,245,027,206
August 2,524,227,419 409,368,453 63,867,671 757,520,067 1,062,587,039 4,817,570,649
September... 2,531,412,596 382,731,043 67,866,282 778,615,448 937,835,311 4,698,460,680
October 2,540,190,787 369,744,849 61,138,540 787,637,924 1,841,124,227 5,599,836,327
November 2,542,264,262 350,569,901 62,669,655 801,567,371 1,411,148,961 5,168,220,150
December.... 2,546,039,434 333,115,142 73,426,537 811,884,665 1,064,780,740 4,829,246,518
1919—January 2,551,939,480 314,497,114 100.261,977 829,424,359 1,268,680,425 5,064,803,355
February.... 2,552,637,612 300,379,821 115,900,616 832,145,138 1,613,178,067 5,414,241,254
March 2,563,195,928 273,609,685 146,644,117 813,956,104 1,457,072,172 5,254,478,006
April May 2,568,599,247 2,567,278,508 259,924,190 144,881,319 798,970,097 960,447,114 4,732,821,967
255,691,273 135,412,617 805,990,556 1,212,970,561 4,977,343,515
June 2,516,441,005 254,799,092 152,111,533 849,274,883 1,090,097,598 4,862,724,111
July 2,461,793,979 254,276,751 153,182,448 829,753,911 649,836,476 4,348,843,565
August 2,425,761,990 2,389,677,040 253,346,265 163,597,499 831,199,928 946,947,988 4,610,853,670
September... 250,555,618 175,370,485 8/7,351,702 1,021,494,061 4,664,448,906
October 2,354,527,926 247,176,652 173,079,396 824,413,743 710,924,241 4,310,121,958
November... 2,304,238,849 244,003,558 160,427.325 826,207,416 515,297,305 4,050,169,453
December.... 2,268,304,083 223,105,553 164,930,832 803,379,026 848,356,501 4,308,075,995
1920—January 2,239,982,930 217,121,065 196,589,869 823,369,152 561,414,175 4,038,477,191
February.... 2,180,538,084 164,045,025 162,135,271 838,799,292 295,446,897 3,640,964,569
March 2,148,320,486 159,976,967 100,247,539 832,974,378 222,174,051 3,463,693,421
April 2,118,332,190 159,255,094 82,554,580 819,904,141 308,35-, 402 3,498,398,407
May 2,146,363,207 158,818,001 56,056,622 807,045,141 226,136,993 3,394,419,964
June 2,171,959,923 160,971,443 65,174,755 796,918,441 374,736,231 3,569,760,793
78 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 17.—Liabilities of the Treasury at the end of each month, from January, 1914.
Month. Certificates and Treasury notes. Agency account. Balance.1 Total.
1914—January 81,625,159,969 $163,967,376 $254,761,268 $2,043,888,613
February 1,617,090,969 160,200,571 242,866,548 2,020,158,088
March..“...................... 1, 614', 721,969 157,268,732 240,915,420 2,012,906,121
April 1,628,511,869 151,809,740 230,237,514 2,010,559,123
May 1J620,641,869 146,555,550 224,151,013 1,991,348,432
June 1,574,263,869 118,961,071 311,612,616 2,004,837,556
July 1,513,636,869 131,223,742 309,460,972 1,954,321,583
August 1,485,261,869 139,160,553 286,947,488 1,911,369,910
September 1,469,538,869 147,705,197 278,138,944 1,895,383,010
October 1,443,197,869 164,800,399 258,322,869 1,866,321,137
November 1,459,884,869 253,677,674 240,096,107 1,953,658,650
December 1,450,584,869 279,781,896 233,951,928 1,964,318,693
1915—January 1,474,939,869 297,778,910 226,434,980 1,999,153,759
February 1,503,097,769 281,315,102 212,203,504 1,996,616,675
Mdrch..”. 1,542,681,769 257,887,984 208,009,478 2,008,579,231
April 1,566,678,769 245,010,074 192,931,042 2,004,619,885
May 1,628,781,769 213,399,399 187,088,604 2,029,269,772
June 1,714,145,769 185,848,118 257,147,143 2,157,141,030
July 1,728,553,769 182,293,534 241,004,010 2,151,851,313
August 1,790,838,769 171,636,027 228,978,562 2,191,453,358
September 1,876,923,769 169,540,088 216,978,070 2,263,441,927
October 1,972,285,769 155,869,000 214,523,162 2,342,677,931
November 2,051,821,769 158,119,296 211,957,352 2,421,898,417
December 2,113,141,769 158,337,113 204,410,685 2,475,889,567
1916—January 2,142,567,769 147,993,509 208,671,683 2,499,232,961
February 2,124,587,769 149,371,021 214,083,903 2,488,042,693
March. 2,138,012,669 152,266,080 217,415,793 2,507,694,542
April 2,154,499,669 157,655,093 220,367,158 2,532,521,920
May 2,196,454,669 156,949,843 222,183,711 2,575,588,223
June 2,231,119,669 154,390,056 331,470,441 2,716,980,166
July 2,245,769,669 170,679,377 306,333,612 2,722,782,658
August 2,285,213,669 181,853,529 266,959,825 2,734,027,023
September 2,349,647,669 191,214,896 226,910,377 2,767,772,943
October 2,402,823,669 180,871,915 220,867,500 2,804,563,084
November 2,494,523,669 176,848,116 204,799,057 2,876,170,842
December 2,552,278,669 192,778,853 186,310,712 2,931,368,234
1917—January 2,678,212,669 181,475,854 173,927,677 3,033,616,200
February 2,719,622,669 168,989,144 152,120,153 3,040,731,966
March..~...................... 2,804,401,669 179,721,612 179,787,595 3,163,910,876
April 2,948,479,669 197,881,491 228,414,490 3,374,775,650
May 2,971,026,669 214,623,578 290,266,441 3,475,916,688
June 2,589,172,669 819,062,088 1,120,226,149 4,528,460,906
July 2,546,409,669 899,118,515 465,201,521 3,910,729,705
August 2,552,971,669 1,015,187,927 366,780,761 3,934,940,357
September 2,543,602,669 1,104,257,252 249,513,409 3,897,373,330
October 2,545,657,669 1,210,548,866 782,453,603 4,538,660,138
November 2,520,862,669 1,407,870,292 1,493,970,066 5,422,703,027
December 2,465,666,669 1,546,040,631 398,172,497 4,409,879,797
1918—January 2,422,512,669 1,657,515,166 451,360,707 4,531,388,542
February 2,398,099,669 1,825,015,027 486,496,902 4,709,611,598
March.'...................... 2,370,686,669 1,942,362,972 352,824,494 4,665,874,135
April 2,335,082,669 2,170,846,454 91,484,830 4,597,413,954
May 2,276,730,669 2,402,974,168 498,958,880 5,178,663,717
June '2,195,553,669 2,479,386,798 776,753,544 5,451,694, 011
July 2,110,531,669 1,475,834,535 2 1,660,261,001 5,245,027,206
August 2,063,782,669 1,518,203,755 1,235,584,225 4,817,570,649
September 2,048,596,669 1,546,527,107 1,103,236,904 4,698,460,680
October 2,023,752,669 1,577,364,641 1,998,719,017 5,599,836,327
November 1,999,884,669 1,600,639,689 1,567,695,792 5,168,220,150
December 1,963,823,669 1,632,387,516 1,233,035,333 4,829,246,518
1919—January 1,926,609,669 1,660,173,532 1,478,020,154 5,064,803,355
February 1,888,693,669 1,680,562,478 1.844,985,107 5,414,241,254
March 1,848,292,669 1,704,602,363 1,701,582,974 5,254,478,006
April 1,807,721,669 1,719,487,437 1,205,612,861 4,732,821,967
May 1,782,099,669 1,726,065,493 1,469,178,353 4,977,343,515
June 1,755,956,669 1,727,623,481 1,379,143,961 4,862,724,111
July 1,690,075,069 1,687,089,133 971,679,363 4,348,843,565
August 1,666,149,069 1,683,616,039 1,271,088,562 4,620,853,670
September 1,661,472,069 1,658,259,311 1.344,717,526 4,664,448,906
October 1,645,957,469 1,623,152,941 1,041,011,548 4,310,121,958
November 1,634,496,469 1,596,586,286 819,086,698 4,050,169,453
December 1,619,157,469 1,548,524,040 1,140,394,486 4,308,075.995
1920—Januarv 1,601,769,069 1,557,959,018 878,749,104 4,038,477,191
February 1,589,010,069 1,503,192,877 548,761,623 3,6^0,964,569
March 1j530,519,969 1,528,571,888 404,601,564 3,463,693,421
April 1,520,441,969 1,515,419,792 462,536,646 3,498,398,407
May 1,510,356,969 1,529,214,979 354,848,016 3,394,419,964
June 1,501,558,969 1,555,275,778 512,926,046 3,569,760,793
i Including the gold reserve. 2 Credits to disbursing officers included from and after this date.
REPORT OF THE TREASURER OF THE UNITED STATES,
79
No. 18.— United States notes of each denomination issued, redeemed, and outstanding at the close of each fiscal year from 1913.
Denomination. Issued during year. Total issued. Redeemed during year. Total redeemed. Outstanding.
1913. One dollar $188,364,160 $4,012 $186,537,177.80 $1,826,982.20
Two dollars 186,763,048 3,918 185,392,007.20 1,371,040.80
Five dollars $135,520,000 1,155,011,760 109,762,350 960,204,180.00 194,807,580.00
Ten dollars 27,480,000 1,535, 711,240 45,680,430 1,439, 773,744.00 95,937,496.00
Twenty dollars 543,322,400 2,127,540 533,257,508.00 10,064,892.00
Fifty dollars 147,015,200 154,150 145,327,975.00 1,687,225.00
One hundred dollars 196,304,000 488,600 192,096,200.00 4,207,800.00
Five hundred dollars 221,926,000 435,000 217,891,000.00 4,035,000.00
One thousand dollars 454,328,000 4,344,000 420,595,000.00 33,733,000.00
Five thousand dollars.... 20,000,000 20,000,000.00
Ten thousand dollars 40,000,000 39,990,000.00 10,000.00
Total 163,000,000 4,688,745,808 163,000,000 4,341,064,792.00 347,681,016.00
Unknown, destroyed 1,000,000.00 1,000,000.00
Net 163,000,000 4,688,745,808 163,000,000 4,342,064,792.00 346,681,016.00
1914. One dollar 188,364,160 3,764 186,540,941.80 1,823,218.20
Two dollars 186,763,048 3,816 185,395,823.20 1,367,224.80
Five dollars.... 129,460,000 1,284,471,760 121,270,850 1,081,475,030.00 202,996,730.00
Ten dollars 36,960,000 1,572,671,240 39,144,240 1,478,917,984.00 93,753,256.00
Twenty dollars 543,322,400 1,594,080 534,851,588.00 8,470,812.00
Fifty dollars 200,000 147,215,200 196,950 145,524,925.00 1,690,275.00
One hundred dollars 196,304,000 432,800 192,529,000.00 3,775,000.00
Five hundred dollars 300,000 222,226,000 467,500 218,358,500.00 3,867,500.00
One thousand dollars 1,300,000 455,628,000 5,106,000 425,701,000.00 29,927,000.00
Five thousand dollars.. -. 20,000,000 20,000,000.00
Ten thousand dollars 40,000,000 39,990,000.00 10,000.00
Total 168,220,000 4,856,965,808 168,220,000 4,509,284,792.00 347,681,016.00
Unknown, destroyed 1,000,000.00 1,000,000.00
Net 168,220,000 4,856,965,808 168,220,000 4,510,284,792.00 346,681,016.00
1915. One dollar 188,364,160 3,678 186,544,619.80 1,819,540.20
Two dollars 186,763,048 3,612 185,399,435.20 1,363,612.80
Five dollars 103,580,000 1,388,051,760 104,453,570 1,185,928,600.00 202,123,160.00
Ten dollars 52,880,000 1,625,551,240 38,675,260 1,517,593,244.00 107,957,996.00
Twenty dollars.... r 880,000 544,202,400 1,258,180 536,109,768.00 8,092,632.00
Fifty dollars 600,000 147,815,200 259,900 145,784,825.00 2,030,375.00
One hundred dollars 196,304,000 791,300 193,320,300.00 2,983,700.00
Five hundred dollars 50,000 222,276,000 1,168,500 219,527,000.00 2,749,000.00
One thousand dollars 2,000,000 457,628,000 13,376,000 439,077,000.00 18,551,000.00
Five thousand dollars.... 20,000,000 20,000,000.00
Ten thousand dollars 40,000,000 39,990,000.00 10,000.00
Total 159,990,000 5,016,955,808 159,990,000 4,669,274,792.00 347,681,016.00
Unknown, destroyed 1,000,000.00 1,000,000.00
Net 159,990,000 5,016,955,808 159,990,000 4,670,274,792.00 346,681,016.00
1916. One dollar 188,364,160 3,363 186,547,982.80 1,816,177.20
Two dollars 186,763,048 5,572 185,405,007.20 1,358,040.80
Five dollars 144,140,000 1,532,191,760 115,589,015 1,301,517,615.00 230,674,145.00
Ten dollars 24,760,000 1,650,311,240 48,369,150 1,565,962,394.00 84,348,846.00
Twenty dollars 544,202,400 1,245,900 537,355,668.00 6,846,732.00
Fifty dollars 147,815,200 313,900 146,098,725.00 1,716,475.00
One hundred dollars 196,304,000 389,100 193,709,400.00 2,594,600.00
Five hundred dollars 500,000 222,776,000 522,000 220,049,000.00 2,727,000.00
One thousand dollars 600,000 458,228,000 3,562,000 442,639,000.00 15,589,000.00
Five thousand dollars.... 20,000,000 20,000,000.00
Ten thousand dollars 40,000,000 39,990,000.00 10,000.00
Total 170,000,000 5,186,955,808 170,000,000 4,839,274,792.00 347,681,016.00
Unknown, destroyed 1,000,000.00 1,000,000.00
Net 170.000,000 5,186,955,808 170,000,000 4,840,274,792.00 346,681,016.00
1917. One dollar 10,304,000 198,668,160 407,879 186,955,861.80 11,712,298.20
Two dollars 9,216,000 195,979,048 312,206 185,717,213.20 10,261,834.80
Five dollars 141,520,000 1,673,711,760 144,546,845 1,446,064,460.00 227,647,300.00
Ten dollars 22,480,000 1,672,791,240 39,771,650 1,605,734,044.00 67,057,196.00
Twenty dollars 6,240,000 550,442,400 1,264,820 538,620,488.00 11,821,912.00
Fiftv dollars 147,815,200 262,400 146,361,125.00 1,454,075.00
One hundred dollars 196,304,000 325,700 194,035,100 00 2,268,900.00
80 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 18.— United States notes oj each, denomination issued, redeemed, and outstanding al the close of each fiscal year from 1913—Continued.
Denomination. Issued during year. Total issued. Redeemed during year. Total redeemed. Outstanding.
1917. Five hundred dollars One thousand dollars Five thousand dollars.... Ten thousand dollars $7,100,000 $222,776,000 465,328,000 20.000,000 40,000,000 $384,500 9,584,000 $220,433,500.00 452,223,000.00 20,000,000.00 39,990,000.00 $2,342,500.00 13,105,000.00 10,000.00
Total Unknown, destroyed 196,860,000 5,383,815,808 196,860,000 5,036,134,792.00 1.000,000.00 347,681,016.00 1,000,000.00
Net 196,860,000 5,383,815,808 196,860,000 5,037,134,792.00 346,681,016.00
1918. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars One thousand dollars Five thousand dollars.... Ten thousand dollars 37,828,000 37,352,000 119.280,000 10,080,000 1,680,000 800,000 3,500,000 2,300,000 236,496,160 233,331,048 1,792,991,760 1,682,871,240 552,122,400 147,815,200 197,104,000 226,276,000 467,628,000 20,000,000 40,000,000 12,405,818 12,604,492 144,739,815 28,044,545 3,091,230 227,000 1,066.100 4,333,000 6,308,000 199,361,679.80 198,321,705,20 1,590,804,275.00 1,633,778,589.00 541,711,718.00 146,588,125.00 195,101,200.00 224,766,500.00 458,531,000.00 20,000,000.00 39,990,000.00 37,134,480.20 35,009 342.80 202,187,485.00 49,092,651.00 10,410,682.00 1,227,075.00 2,002,800.00 1,509,500.00 9,097,000.00 10,000.00
Total Unknown, destroyed 212,820,000 5,596,635,808 212,820,000 5,248,954,792.00 1,000,000.00 347,681,016.00 1,000,000.00
Net 212,820,000 5,596,635,808 212,820,000 5,249,954,792.00 346,681,016.00
1919. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars. One hundred dollars Five hundred dollars One thousand dol'ars Five thousand dollars.... Ten thousand dollars 131,316,000 63,768,000 48,320,000 367,812,160 297,099,048 1,811,311,760 1,682,871,240 552,122,400 147,815,200 197,104,000 226,276,000 467,628,000 20,000,000 40,000,000 62,852,880 50,145,795 108,211,985 17,653,700 2,698,440 134,500 209,200 204,500 1,293,000 262,214,559.80 248,467,500.20 1,699,016,260.00 1,651,432,289.00 544,410,158.00 146,722,625.00 195,310,400.00 224,971,000.00 459,824,000.00 20,000,000.00 39,990,000.00 105,597,600.20 48,631,547.80 142,295,500.00 31,438,951.00 7,712,242.00 1,092,575.00 1,793,600.00 1,305,000.00 7,804,000.00 10,000.00
Total Unknown, destroyed 243,404,000 5,840,039,808 243,404,000 5,492,358,792-. 00 1,000,000.00 347,681,016.00 1,000,000.00
Net 243,404,000 5,840,039,808 243,404,000 5.493,358,792.00 346,681,016.00
1920. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars One thousand dollars Five thousand dollars.... Ten thousand dollars 182,360,000 54,776,000 82,700,000 550,172,160 351,875,048 1,921,011.760 1,682,871,240 552,122,400 147,815,200 197,104.000 226,276,000 ' 467,628.000 20,000,000 40,000,000 146,597,785 53,128,320 106,558,875 10,367,410 1,942,760 93,450 207,400 159,000 781,000 408,812,344.80 301,595,820.20 1,805,575,135.00 1,661,799,699.00 546,352,918.00 146,316,075.00 195,517,800.00 225,130,000.00 460,605,000.00 20,000,000.00 39,990,000.00 141,359,815.20 50,279,227.80 118,436,625.00 21,071,541.00 5,769,482.00 999,125.00 1,586,200.00 1,146,000.00 7,023,000.00 10,000.00
Total Unknown, destroyed 319,836,000 6,159,875,808 319,836,000 5.812,194,792.00 1,000,000.00 347,681,016.00 1,000,000.00
Net 319,836,000 6,159,875,808 319,836,000 5,813,194,792.00 346,681,016.00
REPORT OF THE TREASURER OF THE UNITED STATES. 81
No. 19. — Treasury notes of 1890 of each denomination issued, redeemed, and outstanding at the close of each fiscal year from 1914-.
Denomination. Issued during year. Total issued. Redeemed during year. Total redeemed. Outstanding.
1914. One dollar .$64,704,000 49,808,000 120,740,000 104,680,000 35,760,000 1,175,000 18,000,000 52,568,000 $6,012 4,978 47,240 83,280 49,500 850 15,600 13,000 $64,344,051 49,577,779 120,155,190 103,976,400 35,430,130 1,162,350 17,868,100 52,482,000 $359,949 230,221 584,810 703,600 329,870 12,650 131,900 86,000
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
One thousand dollars
Total
447,435,000 221,000 444,996,000 2,439,000
1915. One dollar
64,704,000 49,808,000 120,740,000 104,680,000 35,760,000 1,175,000 18,000,000 52,568,000 5,873 4,902 40,925 70,110 38,540 750 15,900 8,000 64,349,924 49,582.681 120,196,115 104,046,510 35,468,670 1,163,100 17,884,000 52,490,000 354,076 225,319 543,885 633,490 291,330 11,900 116,000 78,000
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars *.
One hundred dollars
One thousand dollars
Total
447,435,000 185,000 445,181,000 2,254,000
1916. One dollar
64,704,000 49,808,000 120,740,000 104,680,000 35,760,000 1,175,000 18,000,000 52,568,000 4,516 3,834 36,140 56,560 33,500 1,550 11,900 3,000 64,354,440 49,586,515 120,232,255 104,103,070 35,502,170 1,164,650 17,895,900 52,493,000 349,560 221,485 507,745 576,930 257,830 10,350 104,100 75,000
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One’hundred dollars
One thousand dollars
Total
447,435,000 151,000 445,332,000 2,103,000
1917. One dollar
64,704,000 49,808,000 120,740,000 104,680,000 35,760,000 1,175,000 18,000,000 52,568,000 7,761 10,974 28,825 47,380 21,160 800 7,100 3,000 64,362,201 49,597,489 120,261,080 104,150,450 35,523,330 1,165,450 17,903,000 52,496,000 341,799 210,511 478,920 529,550 236,670 9,550 ' 97, COO 72,000
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
One thousand dollars
Total
447,435,000 127,000 445,459,000 1,976,000
1918. One dollar
64,704,000 49,808,000 120,740,000 104,680,000 35,760,000 1,175,000 18,000,000 52,568,000 10,694 3,349 22,037 45,380 18,540 400 8,600 9,000 64,372,895 49,600,838 120,283,117 104,195,830 35,541,870 1,165,850 17,911,600 52,505,000 331,105 207,162 456,883 484,170 218,130 9,150 88,400 63,000
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
One thousand dollars
Total
447,435,000 118,000 445,577,000 1,858,000
1919. One dollar
64,704,000 49,808,000 120,740,000 104,680,000 35,760,000 1,175,000 18,000,000 52,568,000 5,978 4,042 20,950 42,160 20,320 350 7,200 3,000 64,378,873 49,604,880 120,304,067 104,237,990 35,562,190 1,166,200 17,918,800 52,508,000 325,127 203,120 435,933 442,010 197,810 8,800 81,200 60,000
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
One thousand dollars
Total
447,435,000 104,000 445,681,000 1,754,000
1920. One dollar
64,704,000 49.808, 000 120,740,000 104,680, 000 35,760,000 1,175. 000 18.000. 000 52, 568,000 3,350 2,940 19,130 37,560 20,220 500 7,300 4,000 64,382,223 49,607,820 120,323,197 104. 275,550 35,582,410 1,166,700 17. 926,100 52,512, 000 321,777 200,180 416,803 404,450 177,590 8,300 73,900 56,000
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
One thousand dollars
Total
447,435,000 95; 000 445,776,000 1,659,000
15170—20----6
82
REPORT OF THE TREASURER OF THE UNITED STATES,
No. 20.—Gold certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year from 1915.
Denomination. Issued during year. Total issued. Redeemed during year. Total redeemed. Outstanding.
1915. Ten dollars Twenty dollars Fifty dollars One hundred dollars... Five hundred dollars.. One thousand dollars.. Five thousand dollars. Ten thousand dollars.. Total 1916. Ten dollars Twenty dollars Fifty dollars One hundred dollars... Five hundred dollars.. One thousand dollars.. Five thousand dollars. Ten thousand dollars.. Total 1917. Ten dollars. Twenty dollars Fifty dollars One hundred dollars... Five hundred dollars.. One thousand dollars.. Five thousand dollars. Ten thousand dollars.. Total 1918. Ten dollars Twenty dollars Fifty dollars One hundred dollars... Five hundred dollars.. One thousand dollars.. Five thousand dollars. Ten thousand dollars.. Total 1919. Ten dollars Twenty dollars Fifty dollars One hundred dollars... Five hundred dollars.. One thousand dollars.. Five thousand dollars. Ten thousand dollars.. Total 1920. Ten dollars Twenty dollars Fifty dollars One hundred dollars... Five hundred dollars.. One thousand dollars.. Five thousand dollars. Ten thousand dollars.. Total $48,040,000 35,040,000 5,800,000 15,200,000 2,150,000 36,000,000 55,000,000 409,170,000 $835,028,000 1,073,120,000 230,400,000 339,234,300 128,294,000 411,381,000 825,040,000 2,493,940,000 $115,655,240 88,048,160 17,891,900 23,805,800 3,686,000 17,720,000 32,575,000 169,810,000 $620,087,580 858,834,106 183,832,645 259,880,200 108,492,500 326,032,500 729,155,000 2,031,940,000 $214,940,420 214,285,849 46,567,355 79,354,100 19,801,500 85,348,500 95,885,000 462,000,000
606,400,000 6,336,437,300 469,192,100 5,118,254,531 1,218,182,769
172,160,000 100,000,000 18,400,000 23,200,000 7,550,000 36,500,000 31,500,000 509,580,000 1,007,188,000 1,173,120,000 248,800,000 362,434,300 135,844,000 447,881,000 856,540,000 3,003,520,000 71,333,860 44,443,740 8,938,300 13,354,200 2,551,000 6,616,000 1,510,000 238,870,000 691,421,440 903,277,846 192,770,945 273,234,400 111, 013,500 332,648,500 730,665,000 2,270,810,000 315,766,560 260,842,154 56,029,055 89,199,900 24,800,500 115,232,500 125,875,000 732,710,000
898,890,000 7,235,327,300 387,617,100 5,505,871,631 1,729,455,669
267,120,000 122,480,000 37,600,000 41,200,000 8,400,000 36,000,000 21,000,000 885,420,000 1,274,308,000 1,295,600,000 286,400,000 403,634,300 144,244,000 483,881,000 877,540,000 3,888,940,000 144,697,520 61,268,630 13,396,350 17,966,500 3,328,000 21,342,000 3,890,000 790,030,000 836,118,960 964,546,476 206,167,295 291,200,900 114,371,500 353,990,500 734,555,000 3,060,840,000 438,189,040 331,053,524 80,232,705 112,433,400 29,872,500 129,890,500 142,985,000 828,100,000
1,419,220,000 8,654,547,300 1,055,919,000 6,561,790,631 2,092,756,669
42,960,000 25,040,000 5,800,000 4,400,000 350,000 10,600,000 500,000 105,710,000 1,317,268,000 1,320,640,000 292,200,000 408,034,300 144,594,000 494,481,000 878,040,000 3,994,650,000 146,970,125 109,803,350 12,872,525 13,479,000 2,909,000 8,667,000 835,000 208,100,000 983,089,085 1,074,349,826 219,039,820 304,679,900 117,280,500 362,657,500 735,390,000 3,268,940,000 334,178,915 246,290,174 73,160,180 103,354,400 27,313,500 131,823,500 142,650,000 725,710,000
195,360,000 8,849,907,300 503,636,000 7,065,426,631 1,784,480,669
13,870,000 1,317,268,000 1,320,640,000 292,200,000 408,034,300 144,594,000 494,481,000 878,040,000 4,008,520,000 99,492,450 39,909,550 13,362,100 18,557,400 2,073,500 5,796,000 450,000 68,450,000 1,082,581,535 1,114,259,376 232,401,920 323,237,300 119,354,000 368,453,500 735,840,000 3,337,390,000 234,686,465 206,380,624 59,798,080 84,797,000 25,240,000 126,027,500 142,200,000 671,130,000
13,870,000 8,863,777,300 248,091,000 7,313,517,631 1,550,259,669
12,210,000 1,317,268,000 1,320,640,000 292,200,000 408,034,300 144,594.000 494,481; 000 878.040,000 4,020,730, 000 38,055,090 . 39,281,660 3,708,650 4,765,200 7,047,500 16,742,000 240,000 76,970,000 1,120,636,625 1,153,541,036 236,110,570 328,002,500 126,401,500 385,195,500 736,080,000 3,414,360,000 196,631,375 167,098,964 56,089,430 80,031, 800 . 18,192,500 109,285,500 141,960,000 606,370,000
12,210, 000 8,875,987,300 186,810,100 7,500,327,731 1,375,659, 569
REPORT OF THE TREASURER OF THE UNITED STATES. 83
No. 21.—Silver certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year from 1915.
Denomination. Issued during year. Total issued. Redeemed during year. Total redeemed. Outstanding.
1915. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars.... One thousand dollars.... Total 1916. One dollar Two dollars Five dollars Ten dollars Twenty d ollars Fifty dollars One hundred dollars Five hundred dollars.... One thousand dollars.... Total 1917. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars.... One thousand dollars.... Total 1918. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars.... One thousand dollars.... Total 1919. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars.... One thousand dollars.... Total 1920. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars.... One thousand dollars.... Total 8196/816,000 60,272,000 88,760,000 12,120,000 15,760,000 24,600,000 82,144,279,600 881,188,000 2,604,170,000 656,514,000 318,386,000 119,050,000 81,540,000 16,650,000 32,490,000 $201,657,706 64,430,544 115,260,610 8,406,220 2,597,870 3,323,650 39,400 2,000 1,000 $1,969,441,179.90 821,439,118.60 2,421,301,032.50 631,806,249. 00 299,226,600.00 87,294,340. 00 81,196,580. 00 16,631,500.00 32,472,000.00 $174,838,420.10 59,748,881.40 182,868,967.50 24,707,751.00 19,159,400. 00 31,755,660.00 343,420.00 18,500. 00 18,000.00
398,328,000 6,854,267,600 395,719,000 6,360,808,600.00 493,459,000.00
243,432,000 72,472,000 124,580,000 160,000 800,000 2,387,711,600 953,660,000 2,728,750,000 656,514,000 318,546,000 119,850,000 81,540,000 16,650,000 32,490,000 214,906,676 66,277,554 112,627,000 11,922,330 7,446,540 22,235,400 35,500 1,000 2,184,347,855.90 887,716,672.60 2,533,928,032.50 643,728,579.00 306,673,140.00 109,529,740. 00 81,232,080. 00 16,632,500.00 32,472,000.00 203,363,744.10 65,943,327. 40 194,821,967. 50 12,785,421.00 11,872,860.00 10,320,260.00 307,920.00 17,500.00 18,000.00
441,444,000 7,295,711,600 435,452,000 6,796,260,600.00 499,451,000.00
251,428,000 69,768,000 114,800,000 1,960,000 11,120,000 3,200,000 2,639,139,600 1,023,428,000 2,843,550,000 658,474,000 329,666,000 123,050,000 81,540,000 16,650,000 32,490,000 239,688,841 72,146,764 133,492,895 5,243,570 4,311,180 3,958,850 21,400 1,500 2,000 2,424,036,696. 90 959,863,436. 60 2,667,420,927. 50 648,972,149. 00 310,984,320. 00 113,488,590.00 81,253,480.00 16,634,000.00 32,474,000.00 215,102,903.10 63,564,563. 40 176,129,072.50 9,501,851.00 18,681,680. 00 9,561,410.00 286,520. 00 16,000. 00 16,000. 00
452,276,000 7,747,987,600 458,867,000 7,255,127,600. 00 492,860,000. 00
231,568,000 46,496,000 58,240,000 8,480,000 160,000 2,870,707,600 1,069,924,000 2,901,790,000 666,954,000 329,826,000 123,050,000 81,540,000 16,650,000 32,490,000 227,957,168 59,328,792 128,675,105 4,979,930 5,373,030 2,254,175 20,300 500 2,651,993,864.90 1,019,192,228.60 2,796,096,032.50 653,952,079.00 316,357,350.00 115,742,765. 00 81,273,780.00 16,634,500.00 32,474,000.00 218,713,735.10 50,731,771. 40 105,693,967.50 . 13,001,921.00 13,468,650.00 7,307,235.00 266,220. 00 15,500. 00 16,000. 00
344,944,000 8,092,931,600 428,589,000 7,683,716,600.00 409,215,000.00
82,564,000 9,680,000 20,000 600,000 2,953,271,600 1,079,604,000 2,901,810,000 667,554,000 329,826,000 123,050,000 81,540,000 16,650,000 32,490,000 186,490,848 39,129,722 59,747,530 5,904,140 5,008,660 1,836,200 17,400 1,500 2,838,484,712.90 1,058,321,950.60 2,855,843,562. 50 659,856,219. 00 321,366,010.00 117,578,965.00 81,291,180.00 16,636,000.00 32,474,000.00 114,786,887.10 21,282,049.40 45,966,437.50 7,697,781. 00 8,459,990.00 5,471,035.00 248,820.00 14,000.00 16,000.00
92,864,000 8,185,795,600 298,136,000 7,981,852,600.00 203,943,000.00
51,156,000 14,816,000 3,004,427,600 1,094,420,000 2,901,810,000 667,554,000 329,826,000 123,050,000 81,540,000 16,650,000 32,490,000 105,197,871 ■19,830,724 13,823,085 2,456,810 2,676,660 1,675,350 12,600 500 1,000 2,943,682,583.90 1,078,152,674.60 2,869,666,647.50 662,313,029.00 324,042,670.00 119,254,315.00 81,303,780.00 16,636,500.00 32,475,000.00 60,745,016.10 16,267,325.40 32,143,352.50 5,240,971.00 5,783,330.00 3,795,685.00 236,220.00 13,500.00 15,000.00
65,972,000 8,251,767,600 145,674,600 8,127,527,200.00 124,240,400.00
84
REPORT OF THE TREASURER OF THE UNITED STATES,
No. 22.—-Amount of United States notes, Treasury notes, gold and silver certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year from 1913.
Denomination. Issued during year. Total issued.
1913. One dollar $204,048,000 68,664,000 266,760,000 206,840,000 103,680,000 19,400,000 24,400,000 4,100,000 10,500,000 10,000,000 117,070,000 $2,006,675,760 994,455,048 3,670,441,760 2,923,093,240 1,839,708,400 442,640,200 595,278,300 358,020,000 893,267,000 756,540,000 1,934,950,000
Two dollars
Five dollars
Ten dollars..
Twenty dollars
Fifty dollars...
One hundred dollars Five hundred dollars.... One thousand dollars.... Five thousand dollars... Ten thousand dollars.... Total
1,035,462,000 16,415,069,708
Unknown, destroyed
Net
1,035,462,000 16,415,069,708
1914. One dollar
193,856,000 63,032,000 250,180,000 185,640,000 80,080,000 24,800,000 24,600,000 7,000,000 22,800,000 33,500,000 . 189,820,000 2,200,531,760 1,057,487,048 3,920,621,760 3,108,733,240 1,919,788,400 467,440,200 619,878,300 365,020,000 916,067,000 790,040,000 2,124,770,000
Five dollars
Ten dollars
Twenty dollars
Fifty dollars ..
One'hundred dollars Five hundred dollars.... One thousand dollars.... Five thousand dollars... Ten thousand dollars.... Total
1,075,308,000 17,490,377,708
Unknown, destroyed
Net
1,075,308,000 17,490,377,708
1915. One dollar
196,816,000 60,272,000 192,340,000 113,040,000 51,680,000 31,000,000 15,200,000 2,200,000 38,000.000 55,000,000 409,170.000 2,397,347,760 1,117,759,048 4,112,961,760 3,221,773,240 1,971,468,400 498,440,200 635,078,300 367,220,000 954,067,000 845,040,000 2,533,940,000
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fiftv dollars.
One hundred dollars Five hundred dollars.... One thousand dollars.... Five thousand dollars.... Ten thousand dollars.... Total
1,164,718,000 18,655,095,708
Unknown, destroyed..
Net...
1,164,718,000 18,655,095,708
1916. One dollar
243,342,000 72,472,000 268,720,000 196,920,000 100,160,000 19,200,000 23,200.000 8,050,000 37,100.000 31,500,000 509,580,000 2,640,779,760 1,190,231,048 4,381,681,760 3,418,693,240 2,071,628,400 517,640,200 658,278,300 375,270,000 991,167,000 876,540,000 3,043,520,000
Two dollars
Five dollars
Ten dollars
Twentv dollars
Fiftv dollars
Ono hundred dollars Five hundred dollars.... One thousand dollars.... Five thousand dollars.... Ten thousand dollars.... Total
1,510,334,000 20,165,429,708
Unknown, destroyed
Net
1,510,334,000 20,165,429,708
Redeemed during year. Total redeemed. Outstanding.
$186,531,964 $1,825,627,688.70 $181,048,071.30
65,368,956 926,689,184.80 67,765,863.20
249,171,570 3,255,937,052.50 414,504,707. 50
172,133,010 2,526,156,943.00 396,936,297.00
85,492,600 1,547,907,964.00 291,800,436. 00
16,906,550 378,820,010.00 63,820,190.00
20,943,050 506,350,680.00 88,927,620.00
4,475,500 335,664,500.00 22,355,500. 00
16,677,000 794,467,500.00 98,799,500.00
28,290,000 679,810,000.00 76,730,000. 00
141,070,000 1,717,020,000.00 217,930,000. 00
987,060,100 14,494,451,523.00 1,920,618,185.00
1,000,000.00 1,000,000.00
987,060,200 14,495,451,523.00 1,919,618,185.00
193,040,778 2,018,668,466.70 181,863,293.30
65,292,992 991,982,176. 80 65,504,871.20
251,733,590 3,507,670,642.50 412,951,117.50
184,569,810 2,710,726,753.00 398,006,487. 00
89,788,430 1,637,696,394.00 282,092,006.00
17,778,700 396,598,710.00 70,841,490.00
21,278,000 527,628,680.00 92,249,620.00
4,130,000 339,794,500. 00 25,225,500.00
24,499,000 818,966,500.00 97,100,500. 00
36,770,000 716,580,000.00 73,460,000.00
185,100,000 1,902,120,000.00 222,650,000.00
1,073,981,300 15,568,432,823.00 1,921,944,885.00
1,000,000. 00 1,000,000.00
1,073,981,300 15,569,432,823.00 1,920,944,885.00
201,667,257 2,220,335,723.70 177,012,036.30
64,439,058 1,056,421,234.80 61,337,813.20
219,755,105 3,727,425,747.50 385,536,012.50
162,806,830 2,873,533,583.00 348,239,657.00
91,942,750 1,729,639,144.00 241,829,256.00
21,476,200 418,074,910.00 80,365,290.00
24,652,400 552,281,080.00 82,797,220.00
4,856,500 344,651,000.00 22,569,000.00
31,105,000 850,071,500.00 103,995,500.00
32,575,000 749,155,000.00 95,885,000.00
169,810,000 2,071,930,000.00 462,010,000.00
1,025,086,100 16,593,518,923.00 2,061,576,785.00
1,000,000.00 1,000,000.00
1,025,086,100 16,594,518,923.00 2,060,576,785.00
214,914,555 2,435,250,278.70 205,529,481.30
66,286,960 1,122,708,194.80 67,522,853. 20
228,252,155 3,955,677,902.50 426,003,857.50
131,681,900 3,005,215,483.00 413,477,757.00
53,169,680 1,782,808,824.00 288,819,576.00
31,489,150 449,564,060.00 68,076,140.00
13,790,700 566,071,780.00 92,206,520. Of
3,074,000 347,725,000.00 27,545,000 00
10,181,000 860,252,500.00 130,914,500.00
1,510,000 750,665,000.00 125,875,000.00
238,870,000 2,310,800,000.00 732,720,000.00
993,220,100 17,586,739,023.00 2,578,690,685.00
1,000,000.00 1,000,000.00
993,220,100 17,587,739,023.00 2,577,690,685.00
REPORT OF THE TREASURER OF THE UNITED STATES,
85
No. 22.—Amount of United States notes, Treasury notes, gold and silver certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year from 1913—Continued.
Denomination. Issued during year. Total issued. Redeemed during year. Total redeemed. 1 • Outstanding.
1917. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars.... One thousand dollars.... Five thousand dollars.... Ten thousand dollars.... Total Unimown, destroved.... $261,732,000 78,984,000 256,320,000 291,560,000 139,840,000 40,800,000 41,200,000 8,400,000 43,100,000 21,000,000 885,420,000 $2,902,511,760 1,269,215,048 4,638,001,760 3,710,253,240 2,211,468,400 558,440,200 699,478,300 383,670,000 1,034,267,000 897,540,000 3,928,940,000 ' $240,104,481 72,469,944 278,068,565 189,760,120 66,865,790 17,618,400 18,320,700 3,714,000 30,931,000 3,890,000 790,030,000 $2,675,354,759.70 1,195,178,138.80 4,233,746,467.50 3,194,975,603.00 1,849,674,614.00 467,182,460.00 581,392,480.00 351,439,000.00 891,183,500 00 754,555.000.00 3,100,830,000. 00 $227,157,000.30 1 74,036,909.20 404,255,292.50 515,277,637.00 361,793,786.00 91,257,740.00 115,085,820.00 32,231,000.00 143,083,500.00 142,985,000.00 828,110,000.00
2,068,356,000 22,233,785,708 1,711,773,000 19,298,512,023.00 1,000,000.00 2,935,273,685.00 1,000,000.00
Net 1918. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars.... One thousand dollars.... Five thousand dollars.... Ten thousand dollars.... Total Unknown, destroved.... ■
2,068,356,000 22,233,785,708 1,711,773,000 19,299,512,023.00 2,934,273,685.00
269,396,000 83,848,000 177,520,000 61,520,000 26,880,000 5,800,000 5,200,000 3,850,000 12,900,000 500,000 105,710,000 3,171,907,760 1,353,063,048 4,815,521,760 3,771,773,240 2,238,348,400 564,240,200 704,678,300 387,520,000 1,047,167,000 898,040,000 4,034,650,000 240,373,680 71,936,633 273,436,957 180,039,980 118,286,150 15,354,100 14,574,000 7,242,500 ■14,984,000 835,000 208,100,000 2,915,728,439.70 1,267,114,771.80 4,507,183,424.50 3,375,015,583.00 1,967,960,764.00 482,536,560.00 598,966,480.00 358,681,500.00 906,167,500.00 755,390,000.00 3,308,930,000.00 256,179,320.30 85,948,276.20 308,338,335.50 396,757,657.00 270,387,636. OO 81,703,640.00 105,711,820.00 28,838,500.00 140,999,500. CO 142,650,000.00 725,720,000. CO
753,124,000 22,986,909,708 1,145,163,000 20,443,675,023.00 1,000,000.00 2,543,234,685.00 1,000,000. CO
Net 1919. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars One thousand dollars.... Five thousand dollars.... Ten thousand dollars.... Total Unknown, destroyed....
753,124,000 22,986,909,708 | 1,145,163,000 20,444,675,023.00 2,542,234,685.00
213,889,000 73,448,000 48,340,000 600,000 13,870,000 3,385,787,760 1,426,511,048 4,863,8 >1,760 3,772,373,240 2,238,348,400 564,240,200 704,678,300 387,520,000 1,047,167,000 898,040,000 4,048,520,000 249,349,706 89,279,559 167,989,465 123,092,450 47,636,970 15,333,150 18,791,200 2,279,500 7,092,000 450,000 68,450,000 3,165,078,145.70 1,356,394,330.80 4,675,163,889.50 3,498,108,033.00 2,015,597,734.00 497,8"9,710.00 617,757,680.00 360,961,000.00 913,259,500.00 755,840,000.00 3,377,380,000.00 220,709,614.30 70,116,717.20 188,697,870.50 274,265,207.00 222,750,666.00 66,370,490.00 86,920,620.00 26,559,000.00 133,907,500.00 142,200,000.00 671,140,000 00
350,138,000 23,337,047,708 789,735,000 21,233,410,023.00 1,000,000.00 2,103,637,685.00 1,000,000.00
Net 1920. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars.... One thousand dollars.... Five thousand dollars... Ten thousand dollars.... Total Unknown, destroyed.
350,138,000 23,337,047,708 789,735,000 21,234,410,023.00 2,102,637,685.00
233,516,000 69,592,000 82,700,000 12,210,000 3,619,303,760 1,496,103,048 4,946,561,760 3,772,373,240 2,238,348,400 564,240,200 704,678,300 387,520,000 1,047,167,000 898,040,000 4,060,730,000 251,799,006 72,961,984 120,401,090 50,916,870 43,921,300 5,477,950 4,992,500 7,207,000 17,528,000 240,000 76,970,000 3,416,877,151.70 1,429,356,314.80 4,795,564,979.50 3,549,024,903.00 2,059,519,034.00 503,347,660.00 622,750,180.00 368,168,000.00 930,787,500.00 756,080,000.00 3,454,350,000.00 202,426,608.30 66,746,733.20 150,996,780.50 223,348,337.00 178,829,366.00 60,892,540.00 81,928,120.00 19,352,000.00 116,379,500.00 141,960,000.00 606,380,000.00
398,018,000 23,735,065,708 652,415,700 21,885,825,723.00 1,000,000.00 1,849,239,985.00 1,000,000.00
Net
398,018,000 23,735,065,708 652,415,700 21,886,825,723.00 1,848,239,985.00
86 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 23.—Old demand notes of each denomination issued, redeemed, and outstanding June 30, 1920.
Denomination. Total issued. Redeemed during year. Total redeemed. Outstanding.
Five dollars $21,800,000.00 20,030,000.00 18,200,000.00 $21,778,752.50 20,010,355.00 18,187,880.00 $21,247.50 19,645.00 12,120.00
Ten dollars
Twenty dollars
Total
60,030,000.00 59,976,987.50 53,012.50
No. 24.—Fractional currency of each denomination issued, redeemed, and outstanding June 30, 1920.
Denomination. Total issued. Redeemed during year. Total redeemed. Outstanding.
Three cents $601,923.90 $511,742.70 $90,181.20
Five cents 5,694,717.85 $15.03 3,836,395.76 1,858,322.09
Ten cents 82,198,456.80 190.80 77,145,247.18 5,053,209.62
Fifteen cents 5,305,568.40 15.16 5,065,734.07 239,834.33
Twenty-five cents 139,031,482.00 426.04 134,770,158.17 4,261,323.83
Fifty cents 135,891,930.50 600.75 132,144,796.20 3,747,134.30
Total 368,724,079.45 1,247.78 353,474,074.08 15,250,005.37
Unknown, destroyed 32,000.00 32,000.00
Net 368,724,079.45 1,247.78 353,506,074.08 15,218,005.37
No. 25.—Compound-interest notes of each denomination issued, redeemed, and outstanding June 30, 1920.
Denomination. Total issued. Redeemed during year. Total redeemed. Outstanding.
Ten dollars $23,285,200 $70 $23,266,240 $18,160
Twenty dollars 30,125,840 60 30,094,690 31,150
Fifty dollars 60,824,000 60,762,950 61,050
One hundred dollars 45,094,400 45,062,600 31', 800
Five hundred dollars 67,846,000 67,835,000 11,000
One thousand dollars 39,420,000 - 39,416,000 4,000
Total 266,595,440 130 266,437,480 157,960
No. 26.—One and two year notes of each denomination issued, redeemed, and outstanding June 30, 1920.
Denomination. Total issued. Redeemed during year. Total redeemed. Outstanding.
Ten dollars $6,200,000 $20 $6,194,120 $5,880
Twenty dollars 16,440,000 16,427,900 12,100
Fifty dollars 20,945,600 20,932,350 13,250
One hundred dollars 37,804,400 37,788,600 15,800
Five hundred dollars 40,302,000 40,300,500 1,500
One thousand dollars 89,308,000 89,289,000 19,000
Total 211,000,000 20 210,932,470 67,530
Unknown, destroyed 10,590 10,590
Net 211,000,000 20 210,943,060 56,940
REPORT OF THE TREASURER OF THE UNITED STATES. 87
No. 27.— United States paper currency of each class, together with one and two year notes and compound-interest notes, issued, redeemed, and outstanding June 30, 1920.
Class. Issued during year. Total issued. Redeemed during year. Total redeemed. Outstanding.
Old demand notes United States notes Treasury notes of 1890... Gold certificates.. Silver certificates Currency certificates Fractional currency One and two year notes.. Compound-interest notes Total $319,836,000 12,210,000 65,972,000 $60,030,000.00 6,159,875,808.00 447,435,000.00 8,908,987,880.46 8,251,767,600.00 1,473,625,000.00 368,724,079.45 211,000,000.00 266,595,440.00 $319,836,000.00 95,000.00 186,810,100.00 145,674,600.00 1,247.78 20.00 130.00 $59,976,987.50 5,813,194,792.00 445,776,000.00 7,533,328,311.46 8,127,527,200.00 1,473,625,000.00 353,506,074.08 210,943,060.00 266,437,480.00 $53,012.50 346,681,016.00 1,659,000.00 1,375,659,569.00 124,240,400.00 15,218,005.37 56,940.00 157,960.00
398,018,000 26,148,040,807.91 652,417,097.78 24,284,314,905.04 1,863,725,902.87
No. 28.— United States notes and Treasury notes redeemed in gold from Jan. 1, 1879, to June 30, 1920; also imports and exports of gold, by fiscal years, from 1901.
Period.
United States notes.
Treasury notes.
Total.
Imports of gold.
Exports of gold.
Total to June 30, 1900 $564,147,369 23,776,433 17,482,590 7,154,718 11,081,068 11,517,579 11,452,195 12,690,887 21,278,307 19,984,536 11,695,012 22,844,635 45,490,350 67,850,957 72,194,576 49,599,925. 70,684,405 38,555,910 8,285,090 $106,556,655 446,678 1,274,590 1,112,527 473,976 340,675 192,810 101,278 41,705 31,405 9,880 48,160 7,955 67,830 4,500 1,740 2,000 $670,704,024 24,223,111 18,757,180 8,267,245 11,555,044 11,858,254 11,645,005 12,792,165 21,320,012 20,015,941 11,704,892 22,892,795 45,498,305 67,918,787 72,199,076 49,601,655 70,686,405 38,555,910 8,285,090
Fiscal year 1901 $66,051,187 52,021,254 44,982,027 99,055,368 53,648,961 96,221,730 114,510,249 148,337,321 44,003,989 43,339,905 73,607,013 48,936,500 69,194,025 66,538,659• 171,568,755 494,009,391 977,176,026 124,413,483 $53,185,177 48,568,950 47,090,595 81,459,086 92,594,024 38,573,591 51,399,176 72,432,924 91,531,818 118,563,215 22,509,653 57,328,348 77,762,622 112,038,529 146,224,148 90,249,548 291,921,225 190,852,224
Fiscal year 1902
Fiscal year 1903
Fiscal year 1904
Fiscal year 1905
Fiscal vear 1906
Fiscal year 1907
Fiscal year 1908
Fiscal year 1909
Fiscal year 1910
Fiscal year 1911
Fiscal year 1912
Fiscal year 1913
Fiscal year 1914
Fiscal year 1915
Fiscal year 1916
Fiscal year 1917
Fiscal year 1918 .............
Total to June 30, 1918
1,087,766,542 110,714,364 1,198,480,906
1918_July
89,000 26,000 20,000 119,000 63,000 15,000 134,000 514,000 301,000 100,000 109,000 16,000 89,000 26,000 20,000 119,000 63,000 15,000 134,000 514,000 301,000 100,000 109,000 16,000 2,596,886 1,554,838 1,610,836 1,470,239 1,920,209 1,765,692 2,113,217 3,944,839 10,481,197 6,691,795 1,079,525 26,134,460 7,199,908 3,277,134 2,283,929 1,178,149 3,047,907 1,579,996 3,396,098 3,110,153 3,803,229 1,770,057 1,956,135 82,972,840
August
September
October
N o y ember
December
1919—January
February .
March
April
May
June
Total for fiscal year 1919... 1919—July
1,506,000 1,506,000 62,363,733 116,575,535
1,846,495 2,490,489 1.471,628 4:969,595 2,396,770 12,914,036 12,017,551 4,47.3,360 16,985,222 48,522,212 15,687,859 26,764,983 54,673,227 45,189,318 29,050,466 44,148.990 51,857,796 46,256,939 47,816,873 43,023,376 47,049,586 44,644,477 7,561.683 5,319,875
August
September
October
November 191,400 195,300 360,000 414,000 2,016,100 82,460 216,115 120,015 191,400 195,300 360,000 414,000 2,016,100 82,460 216,115 120,015
December
1920—January
February
March
April
May
June
Total for fiscal year 1920.... Aggregate to June 30,1920 ..
3,585,390 3,585,390 150,540,200 466,592,606
1,093,857,932 110,714,364 1,204,572.296
88 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 29.— Treasury notes of 1890 retired by redemption in silver dollars and outstanding, together with the silver in the Treasury purchased by such notes, for each month, from January, 1914.
Month.
1914—January.............................
February...........................
Mareh..............................
April..............................
May................................
June...............................
July...............................
August.............................
September..........................
October............................
November...........................
December...........................
1915—January.............................
February...........................
March..............................
April..............................
May................................
June...............................
July...............................
August.............................
September..........................
October............................
November...........................
December...........................
1916—January.............................
February...........................
March..............................
April..............................
May................................
June...............................
July...............................
August............................
September..........................
October............................
November.....'.....................
December...........................
1917—January.............................
February...........................
March..'...........................
April..............................
May................................
June...............................
July...............................
August................................
September..........................
October............................
November...........................
December...........................
1918—January.............................
February...........................
March..............................
April..............................
May................................
June...............................
July...............................
August.............................
September..........................
October............................
November...........................
December...........................
1919—January.............................
February...........................
March..............................
April..............................
May................................
June...............................
July...............................
August.............................
September..........................
October............................
November...........................
December...........................
1920—January.............................
February...........................
March..............................
April..............................
May................................
June...............................
Retired by redemption. Outstanding Bullion in Treasury. Dollars in Treasury
$16,000 $2,539,000 $2,539,000
20;000 2,519; 000 2; 519; 000
18,000 2,501,000 2,501,000
20,000 2,481,000 2,481,000
21,000 2,460,000 2,460,000
21,000 2,439,000 2', 439; 000
6,000 2,433,000 2,433,000
18,000 2,415,000 2,415,000
21,000 2,394,000 2,394,000
8,000 2,386,000 2,386,000
18,000 2,368,000 2,368,000
17,000 2,351,000 2,351,000
20,000 2,331,000 2', 331; 000
12,000 2,319.000 2,319,000
22,000 2,297; 000 2,297,000
6,000 2,291,000 2,291,000
25,000 2,266,000 2; 266; 000
12,000 2,254,000 2; 254; 000
9,000 2,245,000 2,245,000
23,000 2,222,000 2;222;000
8,000 2,214,000 2,214,000
12,000 2,202,000 2,202,000
15,000 2,187,000 2; 187; 000
9,000 2,178,000 2,178,000
11,000 2,167,000 2;167;000
16,000 2,151,000 2', 151', 000
12,000 2,139,000 2,139,000
13,000 2,126,000 2; 126;000
9,000 2,117,000 2,117,000
14,000 2,103,000 2', 103', 000
13,000 2,092,000 2,092,000
8,000 2,084,000 2, 084; 000
21,000 2,063,000 2,063;000
8,000 2,055,000 2,055,000
6,000 2,049,000 2,049,000
5,000 2,044,000 2,044;000
12,000 2,032,000 2,032,000
12,000 2,020,000 2,020,000
9,000 2,011,000 2;011,000
17,000 1,994,000 1,994,000
10,000 1,984,000 i;984;000
8,000 1,976,000 1,976,000
9,000 1,967,000 1,967,000
7,000 1,960,000 1,960,000
15,000 1,945,000 1,945; 000
11,000 1,934,000 1,934,000
18,000 1,916,000 1,916,000
3,000 1,913,000 1,913,000
6,000 1,907,000 1,907,000
20,000 1,887,000 1,887,000
8,000 1,879,000 1, 8.9; 000
6,000 1,873,000 1,873,000
8,000 1,865,000 1,865,000
7,000 1,858,000 1,858,000
8,000 1,850,000 1,850,000
9,000 i;841;000 1,841,000
1,841,000 i;84i;ooo
26,000 i; 815", 000 • i;si5;ooo
1.000 1,814,000 1,814,000
6,'000 1,808,000 i;808;000
10,000 1,798,000 1,798,000
12,000 1,786,000 1,786,000
7,000 1,779,000 1', 779; 000
8,000 1,771,000 i; 771', 000
6,000 1,765,000 1,765,000
11,000 1,754,000 1,754; 000
15,000 1,739,090 1,739,000
5,000 1,734,000 1,734,000
6,000 1,728,000 1,728,000
8,000 1,720,009 1,720,000
14,000 1,706,000 1,706,000
7,000 1,699,000 1.699,000
1,000 1,698,000 i;698;000
11,000 1,687,000 1,687,000
5,000 1,682,000 1,682,000
5,000 1,677,000 1,677,000
8,000 1,669,000 1,669,000
io;ooo i; 659; 000 1,659,000
REPORT OF THE TREASURER OF THE UNITED STATES. 89
No. 30.— Transactions between the subtreasury and clearing house in New York during each month from January, 1914-
Months. Checks sent to clearing house. Checks received from clearing house. Balances due subtreasury. Balances due clearing house.
1914—January $57,262,737. 74 54,030,371.96 63,300, 830. 24 56,923,267. 07 56,878,299.73 73,070,490. 45 86,684,947.53 50,495,156.43 34,220,745.50 29,624,955. 54 32,165,743. 87 47,662,073.10 44,319,743.73 50,416,156. 59 53,389,551.58 41,537,293.16 42,536,895.00 54,991,570.55 60,156,416.41 43,841,248. 87 40,585,404. 82 47,724,205.34 51,508,201. 79 56,323,679.10 44,272,497.59 42,393,109. 21 48,700,539.78 44,014,862.03 43,258,966.31 53,800,987.22 78,534,461.04 41,379,008.37 39,312,017.17 45,698,698. 63 46,250,997.01 45,976,208.40 41,404,178.83 45,115,056.14 46,930,754.89 51,716,463.73 74,699,035.46 81,767,536.86 42,869,723.37 40,624,119.37 40,248,931. 63 45,876,018.34 56,252,398.04 54,841,815.16 52,077,622.40 60,830,853.78 113,036,239.02 98,202,775.07 104,687,736.31 120,743,699.95 132,151,455.21 104,412,228.51 88,407,193. 56 96,295,439.34 89,075,225.21 116,291,632.66 105,956,796.58 93,598,819.39 96,603,248.49 63,792,311.85 72,520,317.90 62,576,321. 75 52,499,743.62 58,984,141.61 59,190,333.41 68,636,634.81 55,942,251.04 65,136,106.09 51,694,011.27 52,659,176.71 71,758,859.33 49,774,396.50 42,972,688.94 35,259,308.77 $70,077,576.35 50,956,228.55 50,302,448.70 54,388,077.60 58,895,330. 71 53,371,961.39 52,275,466.00 28,246,024.44 31,185,869. 23 45,908,790. 73 43,647,282.15 53,669,357.42 64,194,353.56 38,099,851.01 45,988,855.95 47,473,476.62 41,932,779. 79 35,028,845. 61 37,315,155.19 43,525,005.68 49,204,632.82 61,812,218.52 44,188,505.94 44,053,654.58 47,059,261.07 26,682,345.18 31,168,411.30 22,577,042.52 20,528,114. 62 28,542,738.29 30,481,476.67 19,646,138.61 21,476,030.54 36,782,570. 69 43,162,656. 22 67,693,126.29 67,854,492.20 41,080,871.45 82,870,251.44 49,575,842.44 32,557,916.35 35,088,996.86 47,472,495.69 46,446,471.07 46,278,187.90 81,033,353.43 118,142,191.42 132,809,084.53 162,134,405. 77 117,458,032.98 159,536,955.41 179,999,269.32 145,286,846.03 127,314,690.63 135,794,116.47 131,679,530.37 111,415,234.64 133,712,367.91 141,274,136. 62 136,563,397.16 115,319,773.41 86,201,052.38 80,868,179.95 66,464,165.74 69,138,892.94 60,540,642.20 43,813,910.86 47,651,215.86 48,396,556.26 61,600,082.94 48,418,005.31 53,710,173,09 47,468,898.08 35,806,059.28 56,423,068.08 42,229,792.74 39,549,677.01 37,834,943.22 $1,886,346.15 9,186,818.15 15,583,164.14 8,587,145. 84 6,586,447.97 22,591,281.11 37,198,762.58 22,562,085. 86 6,162,274. 76 711,905. 54 3,250,190.35 6,103,279.59 2,096,732.47 12,562,062.62 10,402,758.30 2,920,292.72 6,898,322. 24 22,206,735.15 25,278,661.08 8,258,279. 57 6,570,307.28 8,433,660. 25 12,447,329.90 15,142,157.18 10,181,933. 99 17,283,632. 57 19,024,644.27 21,437,819. 51 22,730,851. 69 32,243, 766.30 49,786,826.98 21,732,869. 76 17,835,986. 63 19,122,772. 64 14,842,924.65 12,626,824.05 7,869,348.67 15,433,179.79 13,171,870.20 22,702,757. 79 48,773,421.98 48,350,630. 79 7,355,988.10 8,616,124.83 4,331,965.35 1,467,771.96 3,792,786.37 433,559.15 $14,701,184.76 6,112,674.74 2,584,782. 60 6,051,956.37 8,603,478.95 2,892,752.05 2,789,281.05 312,953.87 3,127,398.49 16,995,740. 73 14,731.728.63 12,110,563.91 21,971,342.30 245,757.04 3,002,062.67 8,856,476.18 6,294,207.03 2,244,010. 21 2,537,399.76 7,942,036.38 15,189,535. 28 22,521,673.43 5,127,634.05 2,872,132. 66 12,968,697.47 1,572,868. 54 1,492,515.79
February
March
April
May
June
July
August
September
October
November
December
1915—January.
February
March
April
May
June
July
August
September
October
November
December
1916—January
February
March.."..........
April
May
June 6,985,517.37 1,733,842.61
July
August
September
October 10,206,644.70 11,754,583.86 34,343,741.94 34,319,662.04 11,398,995.10 49,111,366.75 20,562,136.50 6,632,302.87 1,672,090.79 11,958,760.42 14,438,476.53 10,361,221.62 36,625,107.05 65,682,579.75 78,400,828.52 110,056,783.37 57,514,973.47 58,827,096.46 81,796,494. 25 51,576,575.12 26,661,182.19 24,800,998.84 41,915,438.91 28,096,180.19 44,852,132.73 57,714,626.47 42,018,577. 41 29,023,809.38 19,107,429.77 4,834,765.65 8,308,178.43 10,303,486.60 9,054,355.78 3,966,166.67 2,462,062 52 4,883,128.58 5,659,364.96 6,228,452.60 5,794,935.96 6,552,618.61 1,599,095.43 4,298,493.36 3,270,669.66 3,596,253.83 5,852,765.30
November
December
1917—January.
February
March.."
April
May
June
July
August
September
October
November 1
December
1918—Januarv z
February 887,794.27 12,326,380.07
March.. ~
April
10,977,465.40 20,090,191.51 21,158,337.58 14,648,137.05 5,088,139.11 7,435,204.16 5,515,715.06 21,746,812.91 19,660,832.55 26,505,196.78 20,569,834.19 5,636,324.54 13,684,911.56 11,090,035.33 12,651,999.43 13,794,988.27 15,676,905.73 12,695,916.83 13,752,698.33 17,220,868.96 10,777,731.80 18,452,212.86 19,634,284.61 10,815,273.42 7,019,265.76 3,277,130.85
May
June
July
August
September
October
November
December
1919—January
February
March..
April
May '..
June
July
August
September
October
November
December
1920—J anuar y
February -
March
April
May . .....................
June
90 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 31.—Balance in the Treasury of the United States; amount in the Treasury offices, and amount in depositary banks, at the end of each calendar year from the adoption of the Constitution in 1789 to 1842, and at the end of each fiscal year thereafter to 1920.
Dates. Balance in the Treasury.1 Number of depositary banks.
In Treasury offices. In depositary banks. Total.
1789—Dec. 31 $28,239.61 $28 239 61 3
1790—Mar. 31 60 613.14 6o’613 14 3
June 30 155'320.23 155’320 23 3
Sept. 30 349 670.23 349’670 23 3
Dec. 31 570 023.80 570’023 80 3
1791—June $10,490.54 571’699 00 582’ 189 54 3
Sept. 30 679* 579.99 679’579 99 4
Dec. 31 973 905.75 973’905 75 6
1792—Mar. 31 751 377.34 751’377 34 6
June 30 623 133.61 623’133 61 9
Sept. 30 420 914.51 420’914 51 9
232.14 783 212 37 78,3’444 51 8
1793—Mar. 31 1,035’ 973.09 1,035’973.09
June 30 561,435.33 561' 435.33
Dec. 31 753 661.69 753 661 69
1794—Dec. 31 1,15i,924.17 1,151*924.17
1795—Dec. 31 516 442.61 516 442.61
1796—Dec. 31 888,995.42 888’995.42
1797—Dec. 31 1,021,899.04 1,021 899.04
1798—Dec. 31 617,451.43 617 451.43
1799—Dec. 31 5,161,867.77 2,161*867.77
1800—Dec. 31 2,623,311.99 2,623 311 99
1801—Dec. 31 3,295,391.00 3,295*391.00
1802—Dec. 31 5,020 697.64 5,020 697.64
1803—Dec. 31 4,825 811.60 4,825’811.60 14
1804—Dec. 31 4,037 005.26 4 037’005 26 16
1805—Dec. 31 3,999' 388.99 3,999’388 99 15
1806—Dec. 31 •4,538,123.80 4,538’123.80
1807—Dec. 31 9,643,850.07 9,643’ 850.07
9,941,809.96 9,941 809.96
1809—Dec. 31 3', 848' 056.78 3 848 056 78
2,672' 276.57 2,672’276 57
1811—Dec. 31 3', 502* 305.80 3,502* 305.80
1812—Dec. 31 3,862,217.41 3,862 217.41
1813—Dec. 31 5,196 542.00 5,196 542 00
1814—Dec. 31 1,727,848.63 1,727 848.63
1815—Dec. 31 13' 106' 592.88 13,106 592.88
1816—Dec. 31 22,033,519.19 22,033’519 19 94
1817—Dec. 31 14' 989' 465.48 14,989’ 465.48
1818—Dec. 31 1,478 526.74 1,478 526 74 29
1819—Dec. 31 2,079, 992.38 2,079’ 992.38
1'198 461.21 1,198 461.21
1821—Dec. 31 1,681,592.24 1,681,592.24
1822—Dec. 31 4' 193' 690.68 4,193 690.68 58
1823—Dec. 31 9,431 353.20 9,431 353.20 55
1824—Dec. 31 1,887,799.80 1 887’799 80 58
1825—Dec. 31 5 296 306.74 5 296 306.74 60
1826—Dec. 31 6,342 289.48 6 342*289 48 56
1827—Dec. 31 6,649 604.31 6 649’604 31 56
1828—Dec. 31 5 965,974.27 5’965’974 27 59
1829—Dec. 31 4,362 770.76 2 4 362* 770 76 40
1830—Dec. 31 4 761 409.34 4 761 409 34 40
1831—Dec. 31 3 053 513.24 3 053’513.24 50
1832—Dec. 31 911,863.16 911*863.16 41
1833—Dec. 31 10,658' 283.61 10,658 283 61 62
1834—Dec. 31 7,861 093.60 7,861’093 60 24
1835—Dec. 31 25 729 315.72 25,729 315 72 44
1836—Dec. 31 700,000.00 45 056 833.54 45 756*833 54 91
1837—Dec. 31 1,025 610.63 5 779’343.01 36’804 953 64 54
1838—Dec. 31 1,268,827.62 5 364*887 61 6’633’715 23 43
1839—Dec. 31 691,097.04 3 992’319.44 4’683’416 48 27
1840—Dec. 31 1,414,029.62 ’290’532.18 1’704’561 80 11
1841—Dec. 31 205,330.74 170’361.73 ’375’692 47 19
1842—Dec. 31 380,199.04 1 699 709 09 2 079’908 13 26
1843—June 30 669,889.11 10 525'267.10 ll’l95* 156 21 30
1844—June 30 390,199.04 8 222’651.19 8 612’850 23 34
1845—June 30 725,199.04 7 385*450 82 8’lio’649 86 43
1846—June 30 768,000.00 8 915*869.83 9’683’869 8.3 49
1847—June 30 5,446'382.16 5’ 446’ 382.16
1848—June 30 758,332.15 758,332.15
i This statement is made from warrants paid by the Treasurer of the United States to Dec. 31,1821, and by warrants issued after that date.
2 The unavailable funds are not included from and after this date.
3 The amount deposited with the States under act of June 23,1836, having been taken out of the control of the Treasury Department by the act of Oct 2,1837, is not included from and after this date.
REPORT OF THE TREASURER OF THE UNITED STATES. 91
4 ' No. 31.—Balance in the Treasury of the United States, amount in the Treasury offices, and amount in depositary banks, at the end of each calendar year from the adoption of the Constitution in 1789 to 1842, and at the end of each fiscal year thereafter to 1920—Contd.
Dates. * Balance in the Treasury. Number of depositary banks.
In Treasury offices. In depositary banks. Total.
1849—Jimp 30 83,208,822.43 7,431,022.72 12,142,193.97 15,097,880.36 22,286,462.49 20,300,636.61 19,529,841.06 20,304,844.78 18,218,770.40 6,698,157.91 4,685,625.04 3,931,287.72 2,005,285.24 18,265,984.84 8,395,443.73 72,022,019.71 2,374,744.10 78,352,599.12 135,270,243.53 92,353,732.20 117,944,915.43 105,279,800.67 84,819,993.41 61,935,763. 46 52,528,793.53 64,723,630.48 51,712,042.19 51,427,414.23 84,394,007.01 130,570,578.15 159,020,734.90 160,528,170.50 173,974,146.61 152,941,618.24 151,579,255.91 154,557,552.96 171,851,780.21 218,277,107.25 188,625,383.03 189,395,440.65 167,646,333.23 164,061,481.40 135,448,137.33 118,728,662.52 114,862,278.94 108,462,220.55 185,369,687.37 258,221,832.65 232,304,043.90 175,438,942.32 214,193,189.26 214,206,233.65 234,964,115.04 245,045,797.03 248,685,097.53 217,591,929.57 230,674,025.59 249,958,296.77 255,257,493.51 247,479,310.94 215,947,902.41 216,263,086.09 254,128,166.75 279,239,692.85 246,214,851.64 234,941,577.40 178,481,503.73 184,524,331.24 152,979,025.63 152,979,025.63 1294,011,592.20 1 166,962,162. 48 $3,208,822.43 7,431,022.72- 12,142,193.97 15,097,880.36 22,286,462.49 20,300,636.61 19,529,841.06 20,304,844.78 18,218,770.40 6,698,157.91 4,685,625.04 3,931,287.72 2,005,285.24 18,265,984.84 8,395,443.73 112,002,776.10 26,440,930.29 112,476,770.66 161,175,174.31 115,133,529.82 126,542,842.77 113,485,981.01 91,739,739.00 74,437,358.54 59,762,346.64 72,159,597.17 63,274,721.71 58,947,608.99 91,694,006.29 177,498,846.71 367,054,575.14 168,299,404.40 182,678,977.44 162,323,331.14 161,382,637.70 165,046,380.59 182,622,360.17 232,099,178.05 207,600,698.44 244,094,169.01 210,737,083.76 190,841,184.72 156,847,826.49 129,178,792.53 124,824,804.94 118,885,988.16 196,348,193.17 269,637,307.07 244,466,201.95 209,282,643.13 284,488,516.20 306,827,605.37 328,406,798.13 362,187,361.16 388,686,114.23 322,051,568.02 295,477,491.89 330,689,354.82 422,061,445.47 395,171,347.73 276,375,428.10 256,894,675.67 290,176,926.13 317,152,478.99 315,960,984.79 311,612,615.53 257,147,142.41 331,470,441.21 1,120,226,149.11 776,753,544.48 >1,379,143,960.89 i 512,926,045. 96
1850—Jimp, 30... ..
1851—Jimp, 30 ...
* 1852—Jimp, 30 ...
1853—June 30
1854—June 30
1855—Jimp, 30.. . .
1856—June30. ...
1857—Jimp, 30 .
1858—Jimp 30.. ..
1859—June 30
1850—Jimp, 30 .....
1851—Jimp30
1862—Jimp, 30
1863—Jimp, 30 .. . ...
1864—June 30 $39,980,756.39 24,066,186.19 34,124,171.54 25,904,930.78 22,779,797.62 8,597,927.34 8,206,180.34 6,919,745.59 12,501,595.08 7,233,551.11 7,435,966.69 11,562,679.52 7,520,194.76 7,299,999.28 46,928,268.56 208,033,840.24 7,771,233.90 8,704,830.83 9,381,712.90 9,803,381.79 10,488,827.63 10,770,579.96 13,822,070.80 18,975,315.41 54,698,728.36 43,090,750.53 26,779,703.32 21,399,689.16 10,450,130.01 9,962,526.00 10,423,767.61 10,978,505.80 11,415,474.42 12,162,158.05 33,843,700.81 70,295,326.94 92,621,371.72 93,442,683.09 117,141,564.13 140,001,016.70 104,459,638.45 64,803,466.30 80,731,058.05 166,803,951.96 147,692,036.79 60,427,525.69 40,631,589.58 36,048,759.38 37,912,786.14 69,746,133.15 76,671,038.13 78,665,638.68 146,946,109.97 967,247,123.48 623,774,518.85 1,085,132,368.69 345,963,883.48 204 330 382 385 370 276 148 159 163 158 154 145 143 145 124 127 131 130 134 140 135 132 160 200 290 270 205 185 159 160 155 160 160 168 172 357 442 448 577 713 842 837 928 1,255 1,436 1,414 1,380 1,362 1,353 1,535 1,584 1,491 1,381 3,402 7,962 1,482 723
1865—June 30
1866—-June 30
1867—J one 30
1868—June 30
1869—June 30
1870—June 30
1871—June 30 '...................
1872—June 30
1873—June 30
1874—June 30
1875—June 30
1876—June 30
1877—June 30
1878—June 30
1879—June 30
1880—June 30
1881—June 30
1882—June 30
1883—June 30
1884—June 30
1885—June 30
1886—June 30
1887—June 30
1888—June 30
1889—June 30
> i 1890—June 30
1891—June 30
1892—-June 30
1893—June 30
1894—June 30
1895—June 30
1896—June 30
1897—June 30
1898—June 30
1899—June 30
1900—June 30
1901—June 30
1902—June 30
1903—June 30
1904—June 30
. 1905—June 30
1906—June 30
1907—June 30
1908—June 30
1909—June 30
1910—June 30
1911—June 30
1912—June 30
1913—June 30
1914—June 30
1915—June 30
1916—June 30
1917—June 30
1918—June 30
1919—June 30
1920—June 30 ,
1 Including credits to disbursing officers.
92
REPORT OF THE TREASURER OF THE UNITED STATES,
No. 32 —Federal reserve and national banks designated as depositaries of public moneys, with the balance held June 30, 1920.
FEDERAL RESERVE BANKS.
Title of banks.
To the credit of the Treasurer of the United States.
Title of banks.
To the credit of the Treasurer of the United States.
Federal reserve bank, Boston, Mass..
Federal reserve bank, New York,
N. Y.............................
Federal reserve branch bank of
New York, Buffalo, N. Y.........
Federal reserve bank, Philadel-
phia, Pa........................
Federal reserve bank, Cleveland, Ohio............................
Federal reserve branch bank of
Cleveland, Pittsburgh, Pa.......
Federal reserve branch bank of
Cleveland, Cincinnati, Ohio.....
Federal reserve bank, Richmond,
Va..............................
Federal reserve branch bank of
Richmond, Baltimore, Md.........
Federal reserve bank, Atlanta, Ga.. Federal reserve branch bank of
Atlanta, New Orleans, La........
Federal reserve branch bank of
Atlanta, Jacksonville, Fla......
Federal reserve branch bank of
Atlanta, Birmingham, Ala........
Federal reserve branch bank of
Atlanta, Nashville, Tenn........
Federal reserve bank, Chicago, Ill.
Federal reserve branch bank of
Chicago, Detroit, Mich..........
Federal reserve bank, St. Louis.
Mo..............................
Federal reserve branch bank of St.
Louis, Louisville, Ky...........
$4,374,715.21 2,323,942.19 2,386.24
5,008,152.27 1,528,264.65
2,635.49
1 60.00
i 1,419,141.07 3,941,468.44 1,007,044.14
’ 506,443.19
61,303.27
319. 60
13,963.84
4,395,051.17
455.53
1,036,755.41 300,460.92
Federal reserve branch bank of St. Louis, Little Rock, Ark Federal reserve branch bank of St. $201,454.46
Louis, Memphis, Tenn 100,120.. 00
Federal'reserve bank, Minneapolis,
Minn 901,039.73
Federal reserve bank, Kansas
City, Mo 309,171.98
Federal reserve branch bank of
Kansas City, Denver, Colo 3,172,701.94
Federal reserve branch bank of
Kansas City, Omaha, Nebr 322,273.45 1,450,244.21
Federal reserve bank, Dallas, Tex.. Federal reserve branch bank of
Dallas, El Paso, Tex 95,526.81
Federal' reserve ' branch bank of
Dallas, Houston, Tex 351,652.02
Federal reserve bank, San Fran-
cisco, Calif 99,051.89
Federal reserve branch bank of
San Francisco, Los Angeles, Calif. Federal reserve branch bank of 59,998.92
San Francisco, Seattle, Wash Federal reserve branch bank of 876,611.77
San Francisco, Portland, Oreg.... Federal reserve branch bank of 216,393.62
San Francisco, Spokane, Wash.... Federal reserve branch bank of 154,814.70
San Francisco, Salt Lake City, Litah 101,189.61
Total 30,483,519.22
1 Credit balance.
SPECIAL DEPOSITARIES.
LOAN ACCOUNTS.
Total balances in special depositaries in each Federal reserve district arising from sales of certificates of indebtedness reported to fiscal agents of the United States.
To the credit of the Treasurer of the United States.
Total balances in special depositaries in each Federal reserve district arising from sales of certificates of indebtedness reported to fiscal agents of the United States.
To the credit of the Treasurer of the United States.
FISCAL AGENTS.
fiscal agents—continued.
Federal reserve bank, Boston, Mass.
Federal reserve bank, New York, N. Y............................. .
Federal reserve bank, Philadelphia,
Federal reserve bank, Cleveland, Ohio..............................
Federal reserve bank, Richmond, Va.................................
Federal reserve bank, Atlanta, Ga..
Branch, Federal reserve bank, Atlanta, New Orleans, La.............
$24,294,850.00 125,527,000.82 20,705,450.00 23,107,000.00
4,289,565.00 2,993,100.00
2,371,500.00
Federal reserve bank, Chicago, Ill... Federal reserve bank, St. Louis, Mo.
Federal reserve bank, Minneapolis, Minn..............................
Federal reserve bank, Kansas City, Mo................................
Federal reserve bank, Dallas, Tex..
Federal reserve bank, San Francisco, Calif......................
Total
$31,368,007.12
8,382,479.43
1,543,337.00
9,844,467.96
3,356,650.00
15,645,170.00
273,428,577.33
REPORT OF THE TREASURER OF THE UNITED STATES. 93
No. 32—Federal reserve and national banks designated as depositaries of public moneys, with the balance held June 30, 1920—Continued.
FEDERAL LAND BANKS.
Title of bank.
To the credit of the Treas-
urer of the
United
States.
Federal land bank, Baltimore, Md ... Federal land bank, Louisville, Ky ... Federal land bank, New Orleans^ La Federal land bank, Omaha, Nebr. ... Federalland bank, St. Paul, Minn ... Federal land bank, Springfield, Mass
Total...........................
SI, 250,000. 00
750.000. 00
50,000. 00
400,000. 00
1,500,000. 00
2,000,000.00
5,950,000. 00
Title of bank.
ALABAMA.
First National Bank, Alexander City First National Bank, Anniston...
Anniston National Bank, Anniston. First National Bank, Birminsham.. Traders’ National Bank, Birmingham..............................
First National Bank, Florence...
First National Bank, Mobile.....
First National Bank, Montgomery. Selma National Bank, Selma.....
Talladega National Bank, Talladega. First National Bank, Tuscaloosa.... City National.Bank, Tuscaloosa....
ALASKA.
First National Bank, Fairbanks.... First National Bank, Juneau......
Harriman National Bank of Alaska, Seward...........................
ARIZONA.
First National Bank, Douglas.....
First National Bank, Nogales.....
National Bank of Arizona, Phoenix. Phoenix National Bank, Phoenix... Arizona National Bank, Tucson.... Consolidated National Bank, Tucson Yuma National Bank, Yuma.........
ARKANSAS.
First National Bank, Fort Smith... Merchants National Bank, Fort
Smith..........................
England National Bank, Little Rock Exchange National Bank, little Rock.............................
CALIFORNIA.
Calexico National Bank, Calexico... First National Bank, El Centro...
First National Bank, Eureka......
First National Bank, Fresno......
NATIONAL BANKS.
GENERAL AND LIMITED.
To the credit of the Treasurer of the United States and United States disbursing officers.
Title of bank.
To the credit of the Treasurer of the United States and United States disbursing officers.
SI, 000. 00 6,217.18
14,561.61 213,934.49
118,270.14
20,000. 00 86,118.32 34,872.17
5,797.98 1,000. 00 3,630.87 3,747.25
215,581.99
94,235.26
10,110.87
100,000.00
65,000. 00
10,022.01
52,747.80
8,334.72
3,730.90
3,000.00
3,711.13
12,391.81
10,824.47
40,397.07
3,000.00
1,000. 00
8,606.75
15,900.56
California— continued.
Farmers’ National Bank, Fresno.... Growers National Bank, Fresno.... First National Bank, Los Angeles... First National Bank, Napa.........
First National Bank, Oakland.....
Central National Bank, Oakland.... First National Bank, Petaluma.....1
Citizens National Bank, Riverside.. California National Bank, Sacramento.............................
Capital National Bank, Sacramento. First National Bank, San Diego....| Merchants National Bank, San Diego United States National Bank, San i
Diego.........................।
Anglo & London-Paris National
Bank, San Francisco.............
Crocker National Bank, San Francisco.............................
Union National Bank, San Luis Obispo...........................
First National Bank, San Pedro.... First National Bank, Vallejo.....
Whittier National Bank, Whittier..
COLORADO.
First National Bank, Denver......
Colorado National Bank, Denver.. Denver National Bank, Denver.....
First National Bank, Durango.....
Morgan County National Bank, Fort Morgan...........................
First National Bank, Greeley.....
First National Bank, La Junta....
First National Bank, Montrose .... First National Bank, Pueblo......
Locan County National Bank, Sterling.............................
CONNECTICUT.
First-Bridgeport National Bank, ! Bridgeport......................I
City National Bank, Bridgeport.... i
S2,108. 64
5,037.51
173,486.77
823.00
15,629.89
1,000. 00
337.41
1,773.08
89,966.59
20,512.48
144,121.50
21,093.02
75,681.11
9,146.13
13,658.31
1,000.00
3,002.75
10,305.00
1,956.17
142,067.82 18,648.93 33,347.10 23,549.66
970.46
929.96
■ 799.50
8,522.25 34,549.16
1,484.34
347,922.82
7,500.00
94 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 32.—Federal reserve and national banks designated as depositaries of public moneys, with the balance held June 30, 1920—Continued.
NATIONAL BANKS—Continued.
GENERAL AND LIMITED—Continued.
Title of bank.
To the credit of the Treasurer of the United States and United States disbursing officers.
Title of bank.
To the credit
of the Ml Treasurer of the United States and United States disbursing officers.
Connecticut— continued.
Windham County National Bank, Danielson.......................
Hartford-Aetna National Bank, Hartford........................
Phoenix National Bank, Hartford.. First National Bank, Meriden....
Home National Bank, Meriden.....
Second National Bank, New Haven. Thames National Bank, Norwich...
DELAWARE.
Union National Bank, Wilmington.
DISTRICT OF COLUMBIA.
Commercial National Bank, Washington..........................
Federal National Bank, Washington Franklin National Bank, Washington..........................
Lincoln National Bank, Washington National Metropolitan Bank, Washington..........................
FLORIDA.
$1,000. 00
6,000.00
19,718.13
3,000.00
1,074.15
26,009. 01
9,508.25
75,013.33
25,000.00 10,273.40
20.000.00
59,894.08
2,854.77
Idaho—continued.
First National Bank Burley First-Exchange National Bank, $1,000. 00
Coeiir d'Alene 3,639. 62
2,818.25
First National Bank, Lewiston 1,967.87
ILLINOIS.
De Soto National Bank, Arcadia.... First National Bank, Bradentown.. First National Bank, Fernandina... First National Bank, Gainesville.... Atlantic National Bank, Jacksonville Barnett National Bank, Jacksonville Florida National Bank, Jacksonville First National Bank, Key West.....
First National Bank, Madison......
First National Bank, Orlando......
American National Bank, Pensacola Citizens & Peoples National Bank,
Pensacola........................
First National Bank, Tampa........
Exchange National Bank, Tampa..
i 5,995.18
369.93
1,309.56
1,935.45
33,424.44
91,629.25
34,556.60
2,871.73
1,000.00
1,000.00
75,000.00
105,916. 66
25,075. 07
19,981.97
GEORGIA.
Albany National Bank, Albany.... Georgia National Bank, Athens.....
Fourth National Bank, Atlanta.....
Atlanta National Bank, Atlanta.... Fulton National Bank, Atlanta.....
Lowry National Bank, Atlanta......
National Bank of Brunswick, Brunswick..............................
First National Bank, Columbus.....
Third National Bank, Columbus.... Fourth National Bank, Macon.......
Macon National Bank, Macon........
First National Bank, Milledgeville.. Exchange National Bank, Rome.... National Bank of Savannah, Savannah ...........................
First National Bank, Valdosta.....
3,207.64
11,745. 61
108,720. 07
2,160.28
198,008.84
11,239.08
1,000.00
21,649.44
1,127.38
10,706. 03
2,595.91
1,763.72
3,692. 01
40. 00
5,531.07
IDAHO.
First National Bank, Blackfoot....
Boise City National Bank, Boise.... Overland”National Bank, Boise.....
15,635. 91
24,412.15
39,413.06
First National Bank, Barry.......
First National Bank, Belleville..
Continental and Commercial National Bank, Chicago.............
Corn Exchange National Bank, Chicago....................-:....
Danville National Bank, Danville... Palmer National Bank, Danville.... Milliken National Bank, Decatur.... Dixon National Bank, Dixon.......
Drovers National Bank, East St.
Louis...........................
Southern Illinois National Bank, East St. Louis...................
City National Bank, Evanston...... Ayers National Bank, Jacksonville.. First National Bank, Joliet...
Will County National Bank, Joliet.. First NationalBank, Litchfield...
First National Bank, Nashville.... Central National Bank, Peoria....
Quincy National Bank, Quincy.....
Ricker National Bank, Quincy.....
Manufacturers National Bank, Rockford.........................
Rockford National Bank, Rockford. Peoples National Bank, Rocklsland. First National Bank, Savanna.....
First National Bank, Springfield.... Illinois National Bank, Springfield..
INDIANA.
Bloomington National Bank, Bloomington...........................
City National Bank, Boonville....... Citizens National Bank, Evansville. City National Bank, Evansville...
Old State National Bank, Evansville............................
First and Hamilton National Bank, Fort Wayne.......................
Old National Bank, Fort Wayne.... Citizens National Bank, Franklin... Central National Bank, Greencastle. First National Bank, Hammond.... Citizens’ NationalBank,. Hammond. Fletcher American National Bank,
Indianapolis....................
Indiana National Bank, Indianapolis ..........................
Merchants’ NationalBank, Indianapolis ..........................
Howard National Bank, Kokomo... Dearborn National Bank, Lawrenceburg.............................
Peoples’ National Bank, Lawrenceburg.............................
Marion National Bank, Marion.....
1,000. 00
6,960.79
73,302. 68
247,056.77
18,393. 66
77,272. 29
1,706. 69 1,000.00
398.59
9,630.66
4,941.30
7,810.23
4,000.00
2,000. 00
1,679. 20
3,044.52
37,765.00
9,626. 41
9,808. 31
46,262.46 50,000.00 10,709.09 15,000.00 20,978.76 12,381.78
1,000.00
920.00
2,000.00
8,475.65
24,671.89
15,000.00
2,000.00
1,656.73
869.80
6,751.80
1,000.00
204,354.88
285,668.42
16,391.81
1,872.57
21,171.42
50,605. 26
107,428. 77
1 Credit balance.
REPORT OF THE TREASURER OF THE UNITED STATES. 95
No. 32.—Federal reserve and national banks designated as depositaries of public moneys, with the balance held June 30, 1920—Continued.
NATIONAL BANKS—Continued.
GENERAL AND LIMITED—Continued.
Title of bank.
To the credit of the Treasurer of the United States and United States disbursing officers.
Title of bank.
To the credit of the Treasurer of the United States and United States disbursing officers.
Indiana—continued.
Citizens National Bank, Martinsville...........................
Second National Bank, New Albany. Second National Bank, Richmond.. Citizens’National Bank, South Bend. First National Bank, Terre Haute... First National Bank, Vex ay.....
American National Bank, Vincennes.............................
Washington National Bank, Washington..........................
IOWA.
Citizens National Bank, Belle Plaine. First National Bank, Boone......
First National Bank, Burlington.... Merchants National Bank, Burlington.............................
Cedar Rapids National Bank, Cedar
Rapids........................
Merchants National Bank, Cedar
Rapids........................
Commercial National Bank, Charles
City..........................
City National Bank, Clinton.....
First National Bank, Council Bluffs. First National Bank, Davenport.... Iowa National Bank, Des Moines.... Valley National Bank, Des Moines.. Second National Bank, Dubuque... First National Bank, Forest City.... First National Bank, Mason City.... First National Bank, Ottumwa....
Ottumwa National Bank, Ottumwa. Red Oak National Bank, Red Oak.. First National Bank, Rock Valley.. Shenandoah National Bank, Shenandoah...........'..............
Security National Bank, Sioux City. Washington National Bank, Washington.......................
KANSAS.
National Bank of Commerce, Dodge City............................
Citizens National Bank, Emporia... First National Bank, Junction City. Lawrence National Bank, Lawrence. First National Bank, Leavenworth.. Leavenworth National Bank,
Leavenworth...................
Union National Bank, Manhattan... First National Bank, Pittsburg..
Farmers National Bank, Salina...
National Bank of Sabetha, Sabetha. Merchants’ National Bank, Topeka. Fourth National Bank, Wichita...
First National Bank, Wichita....
KENTUCKY.
American National Bank, Bowling Green...........................
Citizens National Bank, Bowling
Green.........................
First National Bank, Covington....
81,936.10 4,208.93 7,076.75
16,157.82
5,267.87 1,056.36
5,000.00
1,929.76
1,000.00
1,000.00 1,000.00
8,033.96
5,113.59
21,894. 65
1,000.00
12,733.55
26,744. 69
287,800.46
5,000.00
97,449.29
16,947.60
1,000.00
9,940.00
3,000.00
1,000.00
3,744.90
337.82
685.91
28,460.76
743.84
1,000.00
2,682. 82
163,510.95
7,270.98
160,890. 28
75,000.00
2,296. 86
2,000.00
2,579. 50
4,776.61
310,505.38
7,000. 00
17,486.21
946.45
8,823. 58
51,868.49
Kentucky—continued.
Citizens’ National Bank, Covington.. Liberty National Bank, Covington.. Citizens’ National Bank, Danville... Farmers’ National Bank, Danville.. State National Bank, Frankfort...
Henderson National Bank, Henderson..............................
First National Bank, Jackson.....
First and City National Bank, Lexington ..........................
Fayette National Bank, Lexington. Phoenix & Third National Bank, Lexington........................
Citizens’ Union National Bank, Louisville.......................
Morganfield National Bank, Morganfield ......................
First National Bank, Owensboro.... National Deposit Bank, Owensboro. ( ity National Bank, Paducah.....
First National Bank, Paris.......
First National Bank, Somerset....
LOUISIANA.
First National Bank, Lake Charles.. Whitney-Central National Bank, New Orleans......................
Commercial National Bank, Shreveport.............................
MAINE.
First National Granite Bank, Augusta............................
First National Bank, Bangor....
B ucksport National Bank, Bucksport N orway N ational B ank, N or way.... Chapman National Bank, Portland . Portland National Bank, Portland..
MARYLAND.
First National Bank, Aberdeen....
Merchants-Mechanics First National
Bank, Baltimore................
National Bank of Cockeysville, Cockeysville.....................
First National Bank, Cumberland .. Second National Bank, Cumberland
MASSACHUSETTS.
Andover National Bank, Andover.. First National Bank, Attleboro...
First National Bank, Boston......
Merchants’ National Bank, Boston.. National Shawmut Bank, Boston... Safety Fund National Bank, Fitchburg ............................
First National Bank, Gardner.....
Gloucester National Bank, Gloucester .............................
Holyoke National Bank, Holyoke... Central National Bank, Lynn......
National City Bank, Lynn'........
First National Bank, Marlboro....
82,000.00
31,234.62
983.07
2,170.51
49,998.74
1,901.75 1,007.55
4,000. 00
4,000.00
1,420.07
248,698. 52
1,111.65
34,246.39
41,171.55
9,869.73
1,766.13
3,913.95
1,679.08
71,159.84
10,226.21
193,172.64
30,067.21
1,670.30
1,111.31
5,155. 62
95,248.05
123,013.39
5,112.32
767. 76
20,112.50
6. 42
3,099.88 5,689.35 9,401.00
67,303.14 60,984.29
13,126.98
3,000. OO
6,071. 96
5,694. 72 2,507.91 4,000.00 2.000.00
96 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 32.—Federal reserve and national banks designated as depositaries of public moneys, with the balance held June 30, 1920—Continued.
NATIONAL BANKS—Continued.
GENERAL AND LIMITED—Continued.
Title of bank.
To the credit of the Treasurer of the United States and United States disbursing officers.
Title of bank.
To the credit of the
Treasurer of the United States and
United States disbursing officers.
Massachusetts—continued.
Peoples National Bank, Marlboro... Merchants National Bank, New
Bedford........................
Merchants National Bank, Newburyport.........................
Northampton National Bank, Northampton......................
Merchants National Bank, Salem... Third National Bank, Springfield... Springfield National Bank, Spring-field............................
Union Market National Bank, Watertown........................
First National Bank, Webster.....
Mechanics’ National Bank, Worcester .............................
MICHIGAN.
Central National Bank, Battle Creek. Old National Bank, Battle Creek... First National Bank, Bay Citv....
First and Old Detroit National
Bank, Detroit..................
Fourth National Bank, Grand Rapids...........................
Grand Rauids National City Bank, Grand Rapids.....................
Houghton National Bank, Houghton Miners’ National Bank, Ishpeming . Peoples National Bank, Jackson.... First National Bank, Kalamazoo... City National Bank, Lansing......
First National Bank, Marquette.... First National Bank, Marshall....
First National Bank, Menominee.... Negaunee National Bank, Negaunee. First National Exchange Bank,Port
Huron..........................
Second National Bank, Saginaw.... First National Bank, Sault Ste.
Marie..............,...........
First National Bank, Traverse City.
MINNESOTA.
Merchants’ National Bank, Crookston..............................
First National Bank, Duluth......
American Exchange National Bank,
Duluth.........................
Citizens National Bank, Faribault.. Northwestern National Bank, Minneapolis.........................
First National Bank, Minneapolis.. Bankers National Bank, Minneapolis ..........................
Union National Bank. Rochester... First National Bank, St. Cloud...
First National Bank, St. Paul....
American National Bank, St. Paul.. First National Bank, Sleepy Eye... First National Bank, Wabasha.....
First National Bank, Waseca......
First National Bank, Winona......
MISSISSIPPI.
$2,000.00 First National Bank, Greenville $7,000.00
• First National Bank, Gulfport 3,482. 63
15,632.30 First National Bank, Hattiesburg.. Jackson State National Bank, 6,000.00
2,000. 00 Jackson 1,000.00 11.720.17
First National Bank, Meridian
3,878. 67 First National Bank, Vicksburg 146,218.69
3,494.54 88,306. 87 First National Bank, West Point — 1,491.76
MISSOURI.
5,701.52 First National Bank, St. Joseph.... 2,931.82
148,699. 25 2,500.00 Bumes National Bank, St. Joseph.. National Bank of Commerce, St. 12,257.46
Louis 58,208.54 2,624.44 2,500.00
26,432. 82 Third National Bank, Sedalia
Citizens National Bank, Sedalia....
9,972. 79 MONTANA.
Merchants National Bank, Billings. Yellowstone National Bank, Billings 16,961.93 10,000.00
11,851. 72
Commercial National Bank, Boze-
483,474. 84 man 7,130.10 20,000.00
First National Bank, Butte
39,412.87 First National Bank, Glendive 4,326.29
First National Bank, Great Falls.. Havre National Bank, Havre 9,915.15 4,819.08 47,694.58
12,440. 69 2,177.02
American National Bank, Helena...
National Bank of Montana, Helena. 24,655.40
13,611.51 Conrad National Bank, Kalispell... 2,000.00
First National Bank, Lewistown... 10,000.00
9,655.59 Miles City National Bank, Miles City.... 9,997.54 10,000.00
3,599. 89 3,180. 73 State"National Bank, Miles City.... First National Bank, Missoula
4,965.25
1,000.00 Western Montana National Bank,
1,000.00 Missoula 15,028.06
16,728. 24 16,163.30 NEBRASKA. 1,500.00
Alliance National Bank, Alliance...
4,043.92 Commercial National Bank, Fre-
891. 81 mont 1,000.00
First National Bank, Lincoln 13,543.17 8,148.80
Central National Bank, I incoln City National Bank, Lincoln
2,000.00
National Bank of Commerce, Lin-
3,770.19 44,172.75 coin 8,000.00
First National Bank, Mitchell 2,699.12 5,572.96
Norfolk National Bank, Norfolk
1 1,191.36 5,172.19 Omaha National Bank, Omaha United States National Bank, 32,256.05
Omaha 364,310.70
50,000.00
164,527. 87 NEVADA.
67,731. 40 Farmers and Merchants’ National
Bank, Reno 100,000.00
3,691. 04 2 927 19
335' 457. 71 NEW HAMPSHIRE.
30,951.34 1,000. 45 First National Bank, Concord 67,813.39 167.85
Souhegan National Bank, Milford...
800.00 First National Bank, Portsmouth... 200,993.07
1,437. 81 New Hampshire National Bank,
751.23 Portsmouth 4,109.21
1 Credit balance.
REPORT OF THE TREASURER OF THE UNITED STATES.
97
No. 32.—Federal reserve and national banks designated as depositaries of public moneys, with the balance held June 30, 1920—-Continued.
NATIONAL BANKS—Continued.
GENERAL AND LIMITED—Continued.
Title of bank.
To the credit of the Treasurer of the United States and United States disbursing officers.
Title of bank.
To the credit -of the
Treasurer of-' the United States and-
United States disbursing officers.
NEW JERSEY.
Bridgeton National Bank, Bridgeton -First National Bank, Camden......
Camden National Bank, Camden...! Merchants National Bank, Cape |
May..........................|
Second National Bank, Hoboken...
Hudson County National Bank, 1
Jersey City....................
Peoples National Bank, Lakewood.. National Newark and Essex Banking Company, Newark..............
Union National Bank, Newark......
National Bank of New Jersey, New
Brunswick......................
First National Bank, Paterson...j
Paterson National Bank, Paterson..
First National Bank, Perth Amboy. First National Bank, Princeton..
Second National Bank, Red Bank.. Rutherford National Bank, Rutherford...........................I
First National Bank, South Amboy.I First National Bank, Tenafly....I
First National Bank, Trenton...)
NEW MEXICO.
First National Bank, Albuquerque . State National Bank, Albuquerque..’ First National Bank, Carlsbad...
First National Bank, Columbus.... First National Bank, Roswell....
First National Bank, Santa Fe...
First National Bank, Tucumcari...
NEW YORK.
First National Bank, Albany.....
National Commercial Bank, Albany.) Greenpoint National Bank, Brook- |
$2,306.29
27,480.09
8,000.00
16,025. 79 10,168.94
20,000.00
11,886.04
5,000.00 113,912.71
13,452.75
9,871.31
19,668.75
10,818.21
3,789.27
20,000.00
4,420.25
22,646.20
10,000.00 , 88,781.21
86,945.74
12,879.60
86.07
45,738.66
1,997.61
19,992.43
768.08
NORTH CAROLINA.
American National Bank, Asheville. First National Bank, Burlington... Commercial National Bank, Charlotte..............................
First National Bank, Durham.......
Citizens’ National Bank, Durham.. National Bank of Fayetteville,
Fayetteville....................
Greensboro National Bank, Greensboro..............................
First National Bank, Lumberton. National Bank of New Berne, New
Berne...........................
Citizens’ National Bank, Raleigh... Commercial National Bank, Raleigh. Merchants National Bank, Raleigh.. First National Bank, Statesville.... Murchison National Bank, Wilmington............................
Peoples’ National Bank, Winston-Salem.............................
NORTH DAKOTA.
First National Bank, Bismarck.... City National Bank, Bismarck.......
Dakota National Bank, Dickinson.. First National Bank, Fargo........
Fargo National Bank, Fargo........
Second National Bank, Minot.......
Union National Bank, Minot........
First National Bank, Williston....
OHIO.
$60,347.00 5,000.00.
16,000.00
27,350.92
40,000.00-
15,000.00-
122,854.6$
i 880.37
4,425. OO
96,177. S&
12,554.20
1,000.00>
4,037.9$
1 44,793.3$
275,044.5$
4,454.02
4,779.68
974.92
109,676.30 1,162.72 5,000.00 2,502.54 9,323.40
Nassau National Bank, Brooklyn.. -Manufacturers and Traders National
Bank, Buffalo...................
Second National Bank, Elmira......
First National Bank, Highland
First National Bank, Glens Falls... First National Bank, Mount Vernon. Chatham and Phenix National Bank
of the City of New York, New York............................
Harriman National Bank, New
York...........................
State National Bank, North Tonawanda ...........................
National Bank of Ogdensburg, Ogdensburg.......................
Wilber National Bank, Oneonta.... First National Bank, Oswego.....
Peekskill National Bank, Peekskill.. Westchester County National Bank,
Peekskill......................
Plattsburg National Bank, Plattsburg.............................
Lincoln National Bank, Rochester.. Traders’ National Bank, Rochester.. Union National Bank, Schenectady. First National Bank, Utica.......
Utica City National Bank, Utica... First National Bank, Waterloo....
Watertown National Bank, Watertown..............................
95,381.90
53,485.71
20,228.85
310,000.00
73,396.56
15,098.99
63,503.34
1,071.18
4,245.38
1,190,943.27
118,030.39
2,892.89
10,000.00
2,500.00
72.87
1,336.52
1,391-. 22
15,864.92
100,385.38
7,967.07
25,000.00
38,940.47
3,386.21
2,174.32
18,325.10
First-Second National Bank, Akron. National City Bank, Akron........
First National Bank,.Bellaire....
First National Bank, Chillicothe.... First National Bank, Cincinnati..
Fifth-Third National Bank, Cincin-
nati...........................
First National Bank, Cleveland...
Union Commerce National Bank,
Cleveland.......................
Central National Bank, Columbus.. Commercial National Bank, Columbus .............................
Hayden-Clinton National Bank, Columbus.........................
New First National Bank, Columbus Third National Bank, Dayton......
Dayton National Bank, Davton.....
First National Bank, Hamilton....
Second National Bank, Hamilton... First National Bank, Ironton.....
First and Merchants’ National Bank,
Middletown.....................
Citizens National Bank, New Philadelphia..........................
Central National Bank, Portsmouth. Commercial National Bank, Sandusky............................
Farmers National Bank, Salem.....
National Exchange Bank, Steubenville............................
Mad River National Bank, Springfield............................
Commercial National Bank, Tiffin.. First National Bank, Toledo......
Second National Bank, Toledo.....
Champaign NationalBank, Urbana. First NationalBank, Wilmington..-.
7,000.00-2,342 74
2,877.00
20,000. Ofr 279,690.26
9,591.40
114,162.34
2,343.84 70,939.97
10,000.00-
66,866.70-
29,857.06
175,418.13-
60,000.00
5,066.99
3,679.9$-4,993.95
16,338.5»
4,172.'77 6,979.17.
5,656.96-1,023.43-
2,364.62
15,937.50
1,340.09
58,753.56
33,197.57
3,581.13
347.10
15170—20—7
1 Credit balance.
98 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 32.—Federal reserve and national banks designated as depositaries of public moneys, with the balance held -Tune 30, 1920—Continued.
NATIONAL BANKS—Continued.
GENERAL AND LIMITED—Continued.
Title of bank.
To the credit of the Treasurer of the United States and United States disbursing officers.
Title of bank.
To the credit of the Treasurer of the United States and United States disbursing officers.
OKLAHOMA.
First National Bank, Altus.......
First National Bank, Ardmore.....
First National Bank, Chickasha..... First National Bank, Clinton.....
Duncan National Bank, Duncan.... National Bank of Commerce, Frederick.......;......................
First National Bank, Guthrie.....
First National Bank, Lawton......
City National Bank, Lawton.......
First National Bank, McAlester...
First National Bank, Muskogee..... Commercial National Bank, Musko-
American National Bank, Oklahoma City.....................
First NationalB ank, Oklahoma City First National Bank, Pauls Valley.. Shawnee National Bank, Shawnee.. Central National Bank, Tulsa...
First National Bank, Woodward....
$1,000.00
2,000.00
1,400.00
1,758.28 3,128.77
1,000.00
37,535.88
43,675.00
48.47
10,000.00
20,000.00
91,316.58
233,692.49
185,978.36
1,516.46
1,447.75
30,354.47
944.92
OREGON.
Astoria National Bank, Astoria...
First National Bank, Baker.......
First National Bank, Burns.......
Harney County National Bank,
Burns.. -......................
First National Bank, Klamath Falls La Grande National Bank, La
Grande.........................
First National Bank, Lake view...
First National Bank, Portland...
United States National Bank, Port-
land.. ........................
Douglas National Bank, Roseburg. .
5.488.90
3; 000.00
186.62
976.32
4,886.46
2,306.94
1,477.86
28,435.14
125,951.76
1.000.00
PENNSYLVANIA.
Merchants' National Bank, Allentown............................
First National Bank, Altoona....
First National Bank, Canton.....
National Bank of Catasauqua, Catasauqua. -.......................
National Bank of Chambersburg, Chambersburg....................
Valley National Bank, Chambers-
Pennsylvania National Bank, Chester .............................
County National Bank, Clearfield... First National Bank, Danville.....
First National Bank, Easton.......
Monroe County National Bank,
East Stroudsburg................
First National Bank, Erie.........
First National Bank, Fleetwood.... First National Bank, Greenpastle-.. Westmoreland National Bank,
Greensburg......................
First National Bank, Harrisburg.... Harrisburg National Bank, Harris-
burg. ..........................
Honesdale National Bank, Honesdale.............................
First National Bank, Houtzdale.... Conestoga National Bank, Lancaster Mauch Chunk National Bank,
Mauch Chunk.....................
14,491.31
11,951.44
2,256.90
1,000.00
2,733.71
19.94
15,000.00
4,281.46
2,606.95
12,140.04
1,885.71
19,768.23
1,000.00
1,000.00
990.00
32,733.23
8,228.07
2,317.63
1,000.00
10,000.00
912.25
PENNSYLVANIA—continued.
Maytown National Bank, Maytown. First National Bank, McKeesport -.. New First National Bank, Meadville Union National Bank, Minersville.. First National Bank, Montrose....
First National Bank, Nanticoke___
First National Bank, Oil City____
Farmers’ National Bank, Oxford.... First National Bank, Philadelphia.. Quaker City National Bank, Philadelphia .........................
Columbia National Bank, Pittsburgh. ..........................
Farmers Deposit National Bank, Pittsburgh.......................
Mellon National Bank, Pittsburgh.. Miners’ National Bank, Pottsville... First National Bank, Reading.....
Reading National Bank, Reading... Third National Bank, Scranton....
Traders’ National Bank, Scranton.. Union National Bank, Scranton.... Market Street National Bank, Shamokin ...........................
Stroudsburg NationalBank, Stroudsburg.............................
Tamaqua NationalBank, Tamaqua. Farmers and Merchants’ National Bank, Tyrone.....................
National Bank of Fayette County, Uniontown........................
Warren National Bank, Warren.... People’s NationalBank, Waynesboro Citizens’ National Bank, Waynesburg.............................
First NationalBank, Wilkes-Barre.. Second NationalBank, Wilkes-Barre Luzerne County National Bank, Wilkes-Barre.....................
West Branch National Bank, Williamsport........................
First National Bank, York.......
$1,163.29 8,278.56 2,181.51 1,013.08 1,000.00 1,791.78 3,174.93 1,000.00
112,150.92
8,933.26
13,943.73
62,880.03 131,229.41
3,000.00 3,000.00
11,737.63 29,719.60
.83 3,000.00
2,825.35
929.46 1,200.00
1,000.00
1,000.00 1,000.00
1,256.16
2,417.69 16,777.45
3,500.00
1,171.39
10,000.00 11,404.46
RHODE ISLAND.
Aquidneck Nationa Bank, Newport ...........................
National Exchange Bank, Providence ..........................
SOUTH CAROLINA.
First National Bank, Aiken......
First National Bank, Charleston.... Peoples National Bank, Charleston.. Palmetto National Bank, Columbia. First NationalBank, Florence....
Norwood National Bank, Greenville-First National Bank, Lancaster..
National Union Bank, Rock Hill.... Peoples National Bank, Rock Hill.. CentralNationalBank, Spartanburg First National Bank, Sumter.....
SOUTH DAKOTA.
First National Bank, Aberdeen...
Aberdeen National Bank, Aberdeen. Dakota National Bank, Aberdeen... First National Bank, Deadwood.... Gregory National Bank, Gregory....
303,763.52
124,597.21
926.24 70,426.20 77,616.57 450.022.00 3', 874.47 10,000.00
1,206.50 1,000.00
1 65.94 8,193.50 2,361.61
2,144.71 4,488.50
9,860.14 55,048.96
4,967.77
1 Credit balance.
REPORT OF THE TREASURER OF THE UNITED STATES. 99
No. 32.—Federal reserve and national banks designated as depositaries of public moneys, with the balance held June 30, 1920—Continued.
NATIONAL BANKS—Continued.
GENERAL AND LIMITED—Continued.
Title of bank.
To the credit of the Treasurer of the United States and United States disbursing officers.
Title of bank.
To the credit of the Treasurer of the United States and
United States disbursing officers.
south Dakota—continued.
First National Bank, Huron.......
First National Bank, Lemmon......
First National Bank, Mitchell....
Mitchell National Bank, Mitchell.... First National Bank, Pierre......
Pierre National Bank, Pierre.....
First National Bank, Rapid City.... Minnehaha National Bank, Sioux
Falls..........................
First National Bank, Yankton.....
TENNESSEE.
First National Bank, Bristol.....
First National Bank, Chattanooga.. Hamilton National Bank, Chatta-
nooga..........................
First National Bank, Clarksville.... Security National Bank, Jackson.... Unaka National Bank, Johnson City. American National Bank, Knoxville. City National Bank, Knoxville....
East Tennessee National Bank,
Knoxville......................
First National Bank, Memphis.....
Fourth and First National Bank,
Nashville......................
American National Bank, Nashville. Tennessee-Hermitage National
Bank, Nashville................
First National Bank, Tullahoma....
TEXAS.
American National Bank, Austin... Austin National Bank, Austin.....
First National Bank, Beaumont.... First National Bank, Brownsville... Merchants National Bank, Brownsville............................
American Exchange National Bank, Dallas...........................
First National Bank, Del Rio.....
First National Bank, Eagle Pass.... First National Bank, El Paso.....
City National Bank, El Paso......
Fort Worth National Bank, Fort
Worth..........................
First National Bank, Galveston...
City National Bank, Galveston....
South Texas Commercial National
Bank, Houston..................
Laredo National Bank, Laredo.....
Marfa National Bank, Marfa.......
Marshall National Bank, Marshall... First National Bank, Mount
Pleasant.......................
First National Bank, Navasota....
First National Bank, Paris.......
American National Bank, Paris....
First National Bank, Port Arthur... First National Bank, San Angelo.... Central National Bank, San Angelo. Alamo National Bank, San Antonio. Frost National Bank, San Antonio.. San Antonio National Bank, San
Antonio........................
Commercial National Bank, Sherman..............................
Merchants’ and Planters’ National
Bank, Sherman..................
$880.49 2,500.00 4,177.46 2,059.89 6,620.89
991.25 6,002.05
131,824.44 1,220.21
7,557.53
68,359.12
90,442.47
2,004.20
15,000.00 139,456.14
105.12
17,990.43
70,940.17
40,136.25
141,884.37 137,878.72
30,000.00
5,432.74
385,195.58 4,045.39 5,282.14
23,120.99
61,831.17
18,832.28 23,121.49 15,875.79 48,410.78 28,739-44
11,899.73 11,788.15 85,762.94
37,870.77 31,171.81 31,801.75
1,000.00
625.00 267.10 178.04 878.05
7,716.00
5,000.00
1,946.25
100,503.50 83,576.23
76,458.64
3,193.45
8,151.44
tex as—continued.
Texas City National Bank, Texas City.............................
Citizens National Bank, Tyler.....
Victoria National Bank, Victoria.... Citizens’ National Bank, Waco....
UTAH.
First National Bank, Ogden.......
Utah National Bank, Ogden........
National Copper Bank, Salt Lake
City............................
VERMONT.
Howard National Bank, Burlington.
Montpelier National Bank, Montpelier ..........................
National Bank of Newport, Newport.............................
Welden National Bank, St. Albans.
VIRGINIA.
First National Bank, Abingdon....
First National Bank, Alexandria.... Citizens’ National Bank, Alexandria. Dominion National Bank, Bristol... Peoples National Bank, Charlottes-
ville...,.......................
First National Bank, Clifton Forge.. Second National Bank, Culpeper.... Culpeper National Bank, Culpeper.. First National Bank, Danville....
Front Royal National Bank, Front
Royal..........................
First National Bank, Hampton.....
Lynchburg National Bank, Lynchburg ............................
First National Bank, Newport News. Schmelz National Bank, Newport
News...........................
National Bank of Commerce, Norfolk ............................
Norfolk National Bank, Norfolk...
Virginia National Bank, Norfolk.... National Bank of Petersburg,
Petersburg.....................
Virginia National Bank, Petersburg. First National Bank, Portsmouth... American National Bank, Richmond.............................
Merchants’ National Bank, Richmond ............................
First National Bank, Roanoke.....
National Exchange Bank, Roanoke. National Valley Bank, Staunton.... First National Bank, Wytheville....
WASHINGTON.
First National Bank, Bellingham... Bellingham National Bank, Bellingham..............................
First National Bank, Bremerton.... First National Bank, Okanogan....
First National Bank, Port Townsend ............................
Dexter-Horton National Bank, Seattle............................
Exchange National Bank, Spokane..
$1,000.00
1,611.14
1,000.00
40,188.71
13,695.90
1,000.00
39,122.67
20,000.00
4,095.49
688.88
1,000.00
400.52 20,735.86 99,570.54 9,958.06
6,340.55
204.97 1,503.22
138.71 13,300.00
15,368.42 24,082.11
6,808.94 91,812.83
288,312.36
389,620.76 349,056.80
25,880.09
120,350.62 86,235.91 21,962.08
63,892.66
1,992.50 7,510.87 14,036.79
5,000.00 1,170.49
3,000.00
6,063.19 253,696.09
455.51
2,427.61
235,860.35
82,360.83
100 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 32.—Federal reserve and national banks designated as depositaries of public moneys, with the balance held June 30, 1920—Continued.
NATIONAL BANKS—Continued.
GENERAL AND LIMITED—Continued.
Title of bank.
To the credit of the Treasurer of the United States and United States disbursing officers.
Title of bank.
To the credit of the Treasurer of the United States and United States disbursing officers.
Washington—continued.
First National Bank, Sunnyside.... NationalBank of Tacoma, Tacoma.. Vancouver National Bank, Vancouver..........................
First National Bank, Walla Walla.. First National Bank, Yakima.....
WEST VIRGINIA.
Citizens’ NationalBank, Charleston. Merchants National Bank of West
Virginia, Clarksburg..........
Union NationalBank, Clarksburg... First National Bank, Huntington... Old National Bank, Martinsburg.... First National Bank, Parkersburg.. Second NationalBank, Parkersburg. First National Bank, Piedmont...
National Exchange Bank, Wheeling.
WISCONSIN.
First NationalBank, Antigo......
Citizens’ NationalBank, Appleton.. Ashland National Bank, Ashland... First NationalBank, Baraboo.....
Union National Bank, Eau Claire... First National Bank, Elkhorn....
Commercial National Bank, Fond
du Lac........................
Kellogg National Bank, Green Bay.. McCartney National Bank, Green
Bay...........................
Rock County National Bank, Janesville...........................
First National Bank, Madison....
Commercial National Bank, Madison.............................
National Bank of Manitowoc, Manitowoc...........................
First National Bank, Milwaukee.... National Exchange Bank, Milwaukee.............................
Old National Bank, Oshkosh......
First National Bank, Ripon......
American National Bank, Ripon.... First National Bank of the City of
Superior, Superior............
Farmers NationalBank, Sparta....
National Bank of Waupun, Wau-
pun .................... - -. - -
First National Bank, Wausau.....
$5,010.71 139,224.02
10,940. 37
5,971. 11
15,053. 50
299,999. 98
3,621. 58
12,173.13
29,554. 93
9,000. 00
52,044.45
3,004. 97
716. 38
125,247.00
1,997.88
4,963. 23
4,025.31
1,000. 00
6,140. 69
1,000. 00
1,000. 00
3,000. 00
15,001. 00
5,000. 00
30,969. 15
6,000. 00
5,000. 00 496,670.91
29,578. 45
10,128. 54
983. 69
715. 98
8,102.27
10,000. 00
1,758. 00
1,000. 00
WYOMING.
First National Bank, Cheyenne $24,749. 98
American National Bank, Cheyenne. 33,400. 55>
Citizens’ National Bank, Cheyenne.. Stock Growers’ National 'Bank, 20,000. 00-
Cheyenne 38, 708. 08
First NationalBank, Evanston 1,500. 00 8,060. 05-
First National Bank, Lander Newcastle National Bank, New-
castle 11,710.96-
Powell NationalBank, Powell 1,000.00
First National Bank, Rock Springs.. 1,000. 00'
ADDITIONAL DEPOSITARIES. CANAL ZONE. Cristobal Branch, American Foreign Bankingcorporation of NewYork, •
Cristobal, Canal Zone PANAMA. Panama Branch, American Foreign Banking Corporation of New 307,360. 46
York, Panama, R. P HAWAII. First National Bank of Hawaii, 1,400,304.87
Honolulu, H. T Army National Bank, Schofield 892,390. 99
Barracks, H. T PORTO RICO. American Colonial Bank of Porto 536,344. 52
Rico, San Juan, P. R San Juan Branch, National City Bank of New York, San Juan, 278,234. 98-
P. R • 1 33,086.13
HAITI. Port au Prince Branch, American Foreign Banking Corporation of
New York, Port au Prince, Haiti. PHILIPPINE ISLANDS. Treasury of the Philippine Islands, 145,129.32
Manila, P. I 798,910. 54
Totals........................ 27,800,279.53
1 Credit balance.
FOREIGN DEPOSITARIES.
Title of bank.
To the credit of the Treasurer of the United States.
Title of bank.
To the credit । of the Treas-' urer of the
United States.
Tresor Public, Paris, France........
Bank of England, London, England. The Royal Bank of Canada, Mon-
treal, Canada.....................
Bank of Montreal, Montreal, Canada.
$4,049,661. 96
2,726,504. 00
14,048.60
3,544.32
National City Bank of New York, Genoa Branch, Genoa, Italy.........I $1,851,126.81
Bank of Spain, Madrid, Spain.......[ 17.21
Total........................| 8,644,902.90
REPORT OF THE TREASURER OF THE UNITED STATES.
101
RECAPITU LATION.
Federal reserve banks..................................................... $30,483,519.22
Special depositaries: Federal reserve banks, fiscal agents....................................... 273,428,577.33
Federal land banks.......................................................................
National banks, etc.:
General and limited depositaries (credits to Treasurer United States only)................................................................. 9,876,538.05
General and limited depositaries (credits to United States disbursing officers only)......................................................... 17,923,741. 48
Foreign depositaries (credits to Treasurer United States only).............. 8,644,902.90
$303,912,096. 55 5,950,000.00
36,445,182.43
Total.
346,307,278.98
No. 33.—Number of banks with semiannual duty levied, by fiscal years, and number of depositaries with bonds as security at close of each fiscal year from 1901.
Fiscal year. Number of banks. Bonds held to secure circulation. Semiannual duty levied. Number of depositaries. Bonds held to secure deposits. Total bonds held.
1901 4,187 4,553 5,014 5,409 5,782 6,138 6,538 6,827 7,020 7,207 7,337 7,428 7,532 1 7,526 7,503 7,412 7,363 7,388 7,416 7,381 $326,119,230 317,038,530 375,068,770 416,016,690 468,066,940 520,605,210 558,364,660 628,172,130 660,689,070 686,974,880 698,532,060 724,493,740 740,529,250 740,796,910 736,024,190 690,440,930 671,333,060 708,680,900 888,387,750 984,488,600 $1,599,221.08 1,633,309.15 1,708,819.92 1,928,827.49 2,163,882.05 2,509,997.80 2,806,070.54 3,090,811.72 3,190,543.04 3,463,466.68 3,567,037.21 3,690,313.53 3,804,762.29 3,889,733.17 3,901,541.18 3,744,967.77 3,533,631.28 3,656,895.34 4,090,246.76 4,730,245.91 448 577 713 842 837 927 1,255 1,436 1,414 1,380 1,362 1,354 1,478 1,584 1,491 1,381 1,368 1,386 1,399 671 8105,765,450 124,718,650 152,852,020 112,902,550 80,404,950 95,575,725 193,244,052 180,459,419 81,244,071 51,774,700 50,206,800 48,309,500 61,646,300 63,711,350 54,854,619 42,674,350 43,054,350 50,344,700 53,720,400 37,637,500 $431,884,680 441,757,180 527,920,790 528,919,240 548,471,890 616,180,935 751,608,712 808,631,549 741,933,071 738,749,580 748,738,860 772,803,240 802,175,550 804,508,260 790,878,809 733,115,280 714,387,410 759,025,600 942,108,150 1,022,126,100
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
1912
1913
1914
1915
1916
1917
1918
1919
1920
1 Number of banks having bonds on deposit with Treasurer from and after this date.
No. 34.— United States bonds retired from May, 1869, to June 30, 1920.
Title of loan. Rate of interest. Redeemed. Purchased. Converted and exchanged. Total.
Tjoan of 1R47 6 6 6 6 6 6 6 6 6 6 6 6 6 5 5 5 5 5 V 4 3| 3* 3J 3 3 2 $47,900 1,175 7,798,000 685,950 12,933,400 430,419,800 4,684,700 2,382,200 69,868,950 157,697,450 205,287,650 310,108,800 37,478,750 232,000 7,022,000 6,041,000 192,459,250 72,867,850 81,047,800 62,249,350 127,595,600 37,226,200 109,155,250 305,581,050 63,425,600 25,413,200 $47,900 1,175 18,410,000 942,750 61,710,100 514,666,650 24,538,950 3,882,500 125,547,350 203,307,400 332,941,800 379,524,350 42,529,450 232,000 7,022,000 19,998,000 194,548,750 116,466,850 224,566.000 740,553', 700 . 127,595,600 50,457,850 401,504,850 305,581,050 198,789,040 25,413,200
Fnnnty-land scrip
T,nan nf Fpbrnary 1861 $10,612,000 256,800 48,776,700 57,155,850 19,854,250 1,119,800 43,459,750 36,023,350 118,950,550 62,846,950 4,794,050
’Oregon war dpbt
Loan of July and August, 1861. Five-twenties of 1862
$27,091,000
T^oan of 1863
Five-twenties oi March, 1864... Five-twenties of June, 1864 Five-twenties of 1865 380,500 12,218,650 9,586,600 8,703,600 6,568,600 256,650
Consols of 1865
Consols of 1867
►Consols of 1868
Texas indemnity stock-
l\oan of 1860
Koan of 1858 13,957,000 2,089,500
"Fen-forties of 1864
Funded loan of 1881 43,599,000 143,518,200 236,575,400
Funded loan of 1891
Funded loan of 1907 441,728,950
Loans of July and August,
"Loan of 1863 13,231,650 292,349,600
Funded loan of 1881, continued.
Loan of 1908-1918 2,913,540 132,449,900
Funded loan of 1891, continued.
102 REPORT OF THE TREASURER OF THE UNITED STATES,
No. 34.— United States bonds retired from May, 1869, to June 30, 1920—Continued.
Title of loan. Rate of interest. Redeemed. Purchased. Converted and exchanged. Total.
Bonds issued to Pacific railroads: Central Pacific Union Pacific Kansas Pacific Central Branch, Union Pacific Western Pacific , Sioux City & Pacific 1 Loan of 1904 Loan of 1925 First Liberty loan, converted.. Do Second Liberty loan Second Liberty loan, converted Third Liberty loan Fourth Liberty loan. Victory notes . Do 6 6 6 6 6 6 5 4 4 41 4 41 41 41 31 41 $25,885,120 27,236,512 6,303,000 1,600,000 1,970,560 1,628,320 19,372,000 $8,543,650 43,825,500 13,518,000 23,478,750 71,057,700 411,500,300 512,934,250 570,221,500 89,212,000 159,794,500 $72,071,300 $25,885,120 27,236,512 6,303,000 1,600,000 1,970,560 1,628,320 99,986,950 43,825,500 13,518,000. 23,478,750 71,057,700 411,500,300 512,934,250 570,221,500 89,212,000 < 159,794,500 w
Total 2,413,706,387 2,734,542,340 1,032,683,500 6,180,932,227
No. 35.—Seven-thirty no^es issued, redeemed, and outstanding June 30, 1920.
Issue. Total issued. Redeemed to June 30,1919. Redeemed during year. Total redeemed. Outstanding.
July 17,1861 Aug. 15, 1864 June 15, 1865 July 15, 1865 Total $140,094,750 299,992,500 331,000,000 199,000,000 $140,085,400 299,947,200 330,970,200 198,955,100 $500 $140,085,400 299,947,200 330,970,200 198,955,600 $9,350 45,300 29,800 44,400
970,087,250 969,957,900 500 969,958,400 128,850
No. 36.—Refunding certificates, act of Feb. 26, 1879, issued, redeemed, and outstanding June 30, 1920.
How payable. Issued. Redeemed during year. Total retired to June 30,1920. Outstanding. t)
To order... $58,500 $58,480 $20
To bearer 39,954,250 $430 39,943,860 10,390
Total 40,012,750 430 40,002,340 10,410
No. 37.—Checks issued by the Treasurer for interest on registered bonds during the fiscal year 1920.
Title of loan. Number. Amount. Title of loan. Number. Amount.
Philippine loan of— 1914-1934 (L. P.) . 2,500 1,035 314 300 476 336 668 88 880 72 18 88 288 221 $280,000.00 100,000.00 40,000.00 40,000.00 80,000.00 40,000.00 60,000.00 5,000.00 160,000.00 17,000.00 4,000.00 40,000.00 44,000.00 40,000.00 Refunding, 1914 209 18 66 98 78 18 20 377 $26,200.00 10,800.00 24,000.00 . 12,000.00 20,000.00 20,000.00 4,680.00 192,811.25
Refunding, municipal
1915-1935 (P. I. B.j 1915-1935 (M. S. & W.) . 1916-1936 (P. I. B.) 1917-1937 (M.S. & W.).. 1918-1938 (M. S. & W.).. 1919-1939 (P. I. B.) 1921-1941 .. Irrigation, 1915
Insular
Public improvement of 1916. Public improvement of 1918. Irrigation, 1918
District of Columbia 3.65 per cent bonds
1926-1946 (loan of 1916).. Porto Rican gold loan of— 1920-1927
8,168 1,260,491.25 ♦
1922-1937
1933-1943
1944-1954
1925-1939
REPORT OF THE TREASURER OF THE UNITED STATES.
103
No. 38.—Interest paid by the Treasurer of the United States on District of Columbia
3.65 per cent bonds during the fiscal year 1920.
Coupons .......................................................................................... $9,618.66*
Checks............................................................................................ 191,985.00
Total............................................................................... 201,603.66
No. 39.—Coupons from United States bonds and interest notes paid during the fiscal year 1920, classified by loans.
Title of loans. Number. Amount.
31 per cent first Liberty loan of 1932-47 4 per cent first Liberty loan, converted, of 1932-47 4J per cent first Liberty loan, converted, of 1932-47 41 per cent first Liberty loan, second converted, of 1932-47 31 per cent first Liberty loan of 1932-47, convertible account 4 per cent second Liberty loan of 1927-42 41 per cent second Liberty loan, converted, of 1927-42 41 per cent third Libertv loan of 1928 5,687,262 2,725,808 2,734,487 20,090 9,438,294 11,740, 867 35,741,784 44,823,406 17,803,430 982,170 65,276 10,471 189 497 32,714 14,251 85,814 10,630 21 28 90 20 2 26,287 383,183 42,981 778 1 1 1 1 25 1 3 58,727 2 $39,675,287. 80 5,621,539. 69 13,233,436.88 103,058.47 77,864.82 23,184,225.00 99,053,057.15 140,210,576.65 234,540,628. 23 130,552,156.48 32,423,068.17 536,617.00 34,113.50 20.50 2,201.10 214,316.55 11,378.10 630,665.25 18,021.00 16.25 29.00 103.50 15.00 .50 408,027. 63 57,126,786.34 2,820,202.44 2,808.50 1.82 .62 15.00 15.00 15.62 1.12 4.50 11,940,515. 82 4.50
41 per cent fourth Liberty loan of 1933-38 4-J per cent Victorv loan of 1922-23 ■
3f per cent Victory loan of 1922-23
4 per cent loan of 1925
2 per cent consols of 1930
2 per cent Panama Canal loan of 1916-36 2 per cent Panama Canal loan of 1918-38 3 per cent Panama Canal loan of 1961
3 per cent loan of 1908-18
3 per cent conversion bonds
2J per cent postal savings loan, consolidated 21 per cent postal savings loan, second series 2J per cent postal savings loan, third series 21 per cent postal savings loan, fourth series 2j per cent postal savings loan, fifth series 21- per cent postal savings loan, sixth series 4 per cent certificates of indebtedness
4J per cent certificates of indebtedness
4-j per cent certificates of indebtedness
4 per cent consols of 1907
Seven-thirties of 1864-65
5 per cent loan of 1904
6 per cent loan of July and August, 1867 6 per cent loan of 1863
5 per cent loan of 1881
4J per cent funded loan of 1891
6 per cent consols of 1865
4j per cent certificates of indebtedness
Consols of 1868
792,420,795.50
132,429,592
Total
No. 40.—Public debt, June 30, 1919, and June 30, 1920, and changes during the year.
Title of loan. Rate of interest. Outstanding June 30,1919. Issued during the year. Retired during the year. Outstanding June 30, 1920.
INTEREST-BEARING DEBT. Per ct. 4 2 2 2 3 21 3 2-4 31 4 4‘ 41 4i $118,489,900.00 599,724,050.00 48,954,180.00 25,947,400.00 50,000,000.00 11,349,960.00 28,894,500.00 3,624,983,490.00 1,984,796,730.00 3,566,458,320.00 3,958,555,557.50 6,794,504,587.00 3,467,844,971.77 953,997,434.77 $118,489,900.00 599,724,050.00 48,954,180.00 25,947,400.00 50,000,000.00 11,539,360.00 28,894,500.00' 2,768,925,500.00 1,952,458,800. OO 3,325,307,000.00 3,662,715,800.00 6,394,361,813.00-4,246,380,530. OO 827,419,021.36
Panama Canal loan of— 1916-1936 .
1918 1938
1961
$189,400.00
Certificates of indebtedness First Liberty loan bonds... Second Liberty loan bonds. Third Liberty loan bonds.. Fourth Liberty loan bonds. Victory notes 14,728,725,968.53 *230.00 *920.00 498,492.50 5,078,726.00 1,027,542,058.23 73,240,467.03 $15,579,883,458.53 32,337,700.00 241,150,400.00 296,338,250.00 405,221,500.00 249,006,500.00 199,818,880.44
War savings and thrift stamps
Total
25,234,496,081.04 15,835,273,962.29 17,003,756,688.97 24,061,117,854.36
.... I
104 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 40.—Public debt, June 30, 1919, and June 30, 1920, and changes during the year— Continued.
Title of loan. • Rate of interest. Outstanding" June 30, 1919.
DEBT ON WHICH INTEREST HAS CEASED. Old debt Per ct. rs~6 6 5 5 6 6 6 5 6 6 6 6 5 31 6 6 31 6 31 3 41 2 5 4 3 2-6 6 Its 5 5 6 7 3 'TV 6 4-6 3 4 $151,610.26 950.00 20,000. 00 2,000. 00 105,450.00 13,950.00 19, 850. 00 18,550.00 57,150.00 93,650. 00 9,900.00 5,000.00 22,400.00 50. 00 2,250.00 15,050.00 1, 600.00 3,100. 00 100.00 200. 00 19,800.00 1,000. 00 13,050.00 407,350.00 936,000.00 8,821,000.00 2,300.00 9,350.00 30,160.00 26,800.00 158,060.00 120,000.00 3,000.00 2,850.00 5,000.00 10,840.00
Loan of 1847
Texas indemnity stock.... Loan of 1858
Five-twenties of— 1862
■Tune, 1864
1865.'
Ten-forties of 1864
Oonsols of— 1865 i 1867 1868 Doans of February, 1861... Funded loan of— k 1881 r 1881, continued Oregon war debt Loan of— July and August, 1861. July and August, 1861, continued
Loan of— 1863 (1881’s) 1863, continued July 12, 1882 Funded loan of— 1891
1891, continued
Loan of 1904
Funded loan of 1907
Loan of 1908-1918
■Certificates of indebtedness Treasury notes of 1861 Seven-thirties of 1861
One-year notes of 1863 Two-year notes of 1863 'Compound-interest notes.. Seven-thirties of 1864-65... ‘Certificates of indebtedness Temporary loan
5 per cent certificates
Refunding certificates Total
11,109,370.26
DEBT BEARING NO INTEREST. Old’deinand notes
53,012.50 193,701,990.37 35,830,457. 00 6,843,314.82
United States* notes
National-bank notes, redemption account
Fractional currency
Total
236,428,774.69
Aggregate
25,482,034, 225.99
Issued during Retired during Outstanding
the year. the year. June 30, 1920.
$151, 610. 26
950.00
20,000.00 2,000. 00
13,950.00
19, 850.00
18,550.00 57,150.00
93,650.00 9,900. 00 5, 000. 00
22,400.00 50.00
2,250.00
15,050.00 600.00
$1,000.00
3,100.00
100.00
200.00
19,800.00
1,000.00
13,050.00 384,400.00
22,950.00 416,140.00 8,821,000.00
519,860.00 1 4,900,500.00 2,300.00 9,350.00 30,140.00 26,800.00 157,930.00 119,500.00 3,000.00 2,850. 00
20.00
130.00
500.00
5,000.00 10,410.00
430.00
9, 262,170.00 6,747,700. 26
53,012.50 193,701,990.37
$319,836,000. 00 319, 836,000.00
17,071,987.50 23,424,164.50 1,247.78 29,478,280.00 6,842,067.04
336,907,987.50 343,261,412.28 230,075,349.91
16,172,181,949.79 17,356,280,271. 25 24,297,940,904.53
i Matured during year.
Note.—Partial payments of $22,493 are included in the above table for which bonds and notes have not been delivered.
REPORT OF THE TREASURER OF THE UNITED STATES. 105
No. 41.—Public debt, exclusive of certificates and Treasury notes, at the end of each month from January, 1914-
Months. Interest bearing. Matured. United States notes and fractional currency. National-bank notes, redemption account. Total.
1914—January $967,953,310.00 $1,641,510.26 $353,687,614.40 $17,828,483.50 $1,341,010,918.16
February.... 967,953,310.00 1,639,300.26 353,587,614.40 16,704, 743.50 1,339,884,968.16
March 967,953,310.00 1,636,190.26 353 587 266 40 16 604 968 50 1 339 781 735 16
April 967^ 953' 310.00 1,615,310. 26 353,587,266.40 15^ 5S5?676.00 ]’338’741’.562 66
May 967^ 953' 310.00 1,610,720.26 353 586 641.40 16131’221 00 1’339’281’392 66
June 967,953,310.00 1,552,560.26 353'586'641.40 15?142? 888. 50 1’338’235’400 1 6
July 968' 825' 550.00 1,548,440.26 353 586 641.40 15’ 684 170. 50 1’339’644’802.16
August 968,825,550.00 1, 545,020.26 353,586,236.40 15; 447,088.00 1,339; 403; 894.66
September... 968,825,550.00 1,544,620.26 353,585.966.40 16,026,788.00 1,339, 723,249.66
October 968,825,550.00 1,526,750.26 353,585,966.40 16,026,788.00 1,339.965,054.66
November... 968,825,550.00 1,525,630.26 353, 585,966.40 15,269,375.50 1,339,206,522.16
December... 968,825,550.00 1,518,670.26 353,585,966.40 15,192,433.00 1,339,122,619.66
1915—January 969,759,090.00 1,516,580. 26 353,585,476.40 16,960,228.00 1,341,821,374.66
February..... 969,759,090.00 1,514,880. 26 353,585,018.40 16,844,705.50 1,341,703,694.16
March 969,759,090.00 1, 511,880.26 353,585,018.40 19 388 300.00 1,344, 244, 288. 66
April 969.759,090.00 1', 510; 530.26 353,585,018.40 19,189,381. 50 1,344,044,020.16
May 969' 759,090.00 i; 510; 070.(26 353; 585; 018.40 19,130,262.00 1,343,984,440.66
June 969, 759', 090.00 1,507', 260.26 353', 584; 408.40 19,390,345.50 1,344 241,104.16
July 970', 624,590.00 i; 506', 260.26 353; 584', 408.40 19,849,327.50 1,345,564 586.16
August 970,624,590.00 1,506,108.26 353,584,408.40 22', 640; 052.00 1,348,355,230. 66
September... 970,624,590.00 1, 506,140. 26 353,584,058.40 23,096,069.50 1,348,810,858.16
October 970,624,590.00 1,505,000.26 353,584,058.40 23,651,308.00 1,349,364,956.66
November... 970,624,590.00 1,501,340.26 353,583,668.40 26.584,088.00 1,352,293,686.66
December... 970,624,590.00 » 1,489,810.26 353,583,668.40 28,119,133.00 1,353,817,201.66
1916—January 971,562,590.00 1,489,200.26 353, 583,228.40 32,559,173.00 1,359,194,191.66
February.... 971,562,590.00 1,488,650.26 353,583,228.40 40,703,950.50 1,367,338,419.16
March 971,562,590.00 1,481,270.26 353,583,228.40 46,532, 583.00 1,373,159,671.66
April 971,562,590.00 1', 475; 040.26 353; 582; 903.40 52,349,750.50 1,378,970,284.16
Mav 971,562,590.00 1,474,500.26 353,582,690.40 55,142.915.00 1,381,762,695.66
June 971,562,590.00 1,473,100.26 353,582,665.40 51,506;237.50 1,378,124,593.16
July 972,469,290.00 1,472,550.26 353,582,245.40 48,679,783.50 1', 376', 203,869.16
August 972,469,290.00 1,470', 110. 26 353', 582; 245.40 45,688,358.00 1,373,210,003.66
September... 972,469,290.00 1,469,980. 26 353,582,245.40 44,871,477.50 1,372,392,993.16
October 972,469,290.00 1,469,810.26 353,581,945.40 44,684,977.00 1.372,206,022.66
November... 972,469,290.00 1,463; 230. 26 353, 581,928.40 49,010,191.50 1,376,524,640.16
December... 972,469,290.00 1,463.190.26 353,581,928.40 52,418,932.00 1,379,933,340.66
1917—January 973,357, 250.00 1,460,040.26 353,581,568.40 50,927,531.00 1,379,326,389.66
February.... 973,357, 250.00 1,459,820.26 353,581,564.65 47, 512,572.00 1,375,911,206.91
March 1,023,357,250. 00 1,459,630.26 353,581,564. 65 56,624,927.00 1,435,023,371.91
A pril 1,288,357,250.00 1,459,220.26 353; 58i; 036.65 53,635,314.50 1,697,032,821.41
May i; 691,562,250.00 1.459,200.26 353', 581', 036.65 50,651,692.00 2,097,254,178.91
June 2,712,549,476.61 4,232,230.26 353; 580; 736.65 48,235,167.00 3,128,507,610.52
July
August
September...
October
November... 7,643,209,655.31 15,994,740. 26 353,580,026.65 38,529,027.00 8,051,313,449.22
December... 7,116,032,330. 65 2,841,240.26 353,579,636.75 37,903,169.50 7,510,356,377.16
1918—January..... 8,196,321,826.01 1,639,200. 26 353,579,636.75 37,418,404.50 8,588,959,067.52
February.... 9,324,205, 752.25 1,576,120.26 353,579,627.33 37,047,659.50 9,716,409,159.34
March 10,164,241,463.91 1,521,100.26 353,579,626.73 36,134,454.50 10,555,476,645.40
April 11,112.181,437.31 1,495,330.26 353,579,166.32 36,099,772.00 11.503,355,705.89
Mav 12,578i 985,282.08 60,168,130.26 353,579,166.32 35,828,559.50 13,028,561,138.16
June 11,985,882,436.42 20,242,550.26 353,579,166.32 36,903,592.00 12,396,607,745.00
July 13,179,063,924.60 5,094,530.26 353,579,166.32 36,278,622.00 13,574,016,243.18
August 14,355,689,944. 74 11,071,020.26 353,578,446.32 44,487,147.00 14,764,826,558.32
September... 15,633,280,637.29 7,585,500.26 353,578,446.32 43,537,322.00 16,037,981,905.87
October 18,335,087,960.70 198,441,750.26 353,578,446.32 42,478,527.00 18,929,586,684.28
November... 19,151,071.514.33 46,142,330.26 353,578,446.32 40,561,757.00 19,591,354,047.91
December... 20,821,116,846.16 14,019.000.26 353,578,446.32 40,195,922.00 21,228,910,214.74
1919—January 22,954,401,467. 64 41,746,830.26 353,578,446.32 42,027,467.00 23,391,754,211.22
February.... 24,218,601,421.45 5,809,020.26 353,578,446.32 42,268,039.50 24,620,256,927.53
March....... 23,959,309,198.16 7,590,720.26 353,578,446.32 40,408,287.00 24,360,886,651.74
April 24,577,056,717.10 4,092,140.26 353,578,446.32 39,210,572.00 24,973,937,875.68
May 25,669,332,603.88 9,685,620.26 353,578,446.32 37,256,452.00 26,069,853,122.46
June 25,234,435,056.61 11,109,370.26 353,577.343.32 35,830,457.00 25,634,952,227.19
July 25,555,953,002.59 13,210,220.26 353,577,343.32 34,762,882.00 25,957,503,448.17
August 26,348,778,511.00 9,913,760.26 353,577,343.32 34,977,289.50 26,747,246,904.08
September... 25,938,988,134.16 20,150,420.26 353,577,340.82 33,659,862. 00 26,346,375,757.24
October 2A 969; 641', 645.36 5,152,790.26 353,577,340.82 34,888,507.00 26,363,260,283.44
November... 25,877,183,472.18 4,007,080.26 353,577,340.54 32,831,064.50 26,267,598,957.48
December 25,594,850,546. 99 6,052,090.26 353,576,690.54 32,343,919.50 26,030,823,247.29
1920—January 25,423,885,636. 75 7,912,290.26 353,576,690.54 33,231,577.00 25,818,606,194.55
February.... 25,161,458,141.35 7,041,070. 26 353,576,690.54 32,664,012.00 25,554,739,914.15
March 24,455,197,950.29 8,403,470. 26 353,576,690.54 32,254,102.62 24,849,432,213.71
April 24,706,527,111.70 3,863,060. 26 353,576,690.54 31,015,962.00 25,094,982,824.50
May 24,740,673,157. 81 2,921,182.07 353,576,690.54 30,771,022.00 25,127,942,052.42
June 24,061,117,854.36 6,747,700.26 200,597.069.91 29,478,280.00 24,297,940,904.53
Note.—The financial statement of the United States was not published for the months of July, August, September, and October, 1917.
106 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 42.—Checks drawn by the Secretary and paid by the Treasurer for interest on registered bonds of United States during the fiscal year 1920.
Title of loan. Rate of interest. Checks drawn by the Secretary of the Treasury. Checks paid by the Treasurer of theUnited States.
Number. Amount. Number. Amount.
Funded loan of 1891... Per cent. 4J 4 4 3 2 3 2 2 24 2" 34 3' 34 4 41 41 lofl% tofl% 4 41 lofl% 41 41 33 43 9 168 14,457 1,197 33,398 7,426 3,861 2,086 15,438 13 198 434 71,465 97,260 189,733 3,160 1,017 32 395,370 579,089 4,007 1,388,322 2,477,751 1,259 375,408 37 $6.16 7,043.50 4,219,937.75 2,840.37 11,963,050. 45 1,318,393. 50 977,883. 50 516,683.14 266,921. 28 3,784,066.52 6,292. 63 234,164. 88 10.652,431. 41 '821,980.46 3,914,088.14 48,744.74 554.56 59. 86 3,343,020.00 19,923,893.24 3,925. 76 25,104,659.92 40,763,990.40 1,066,418 98 10,487,589.59 1,465.11
Funded loan of 1907
Loan of 1925 14,350 $4,231,363.50
Loan of 1908-1918
Consols of 1930 33,630 7,691 3,924 2,129 22,170 11,962,293.50 1,305,922.50 978,962.20 516,710. 90 268,600.00
Panama Canal loan, 1961
Panama Canal loan, 1916-1936
Panama Canal loan, 1918-1938
Postal savings
Special certificates of indebtedness..
Soldiers’ and sailors’ civil relief insurance... Conversion bonds 201 436 69,604 93,208 188,284 3,148 6,298.25 205,380.00 10,661,523. 25 770,591.00 3,940,119.29 46,331.52
Liberty loan of 1932-1947, first
Liberty loan of 1932-1947, first, converted... Do
Liberty loan of 1932-1947, first, second con- version
Liberty loan of 1932-1947, first, converted adjustment.
Do
Second Liberty loan of 1927-1942 350,286 531,619 3,126,856. 00 19,951,990.13
Second Liberty loan of 1927-1942, converted. Second Liberty loan of 1927-1942, converted ad j ustment.
Third Liberty loan of 1928 1,432,073 2,357,479 1,608 611,040 25,175,535.45 40,918,737. 78 1,561,880. 83 13,544,783.80
Fourth Liberty loan of 1933-38
Victory loan of 1922-23
Do -
Conversion 4} per cent Victory notes, inter-est adjustment.
Total
5,722,880 139,173,879.90 5,662,595 139,430,105.85
No. 43.—Money deposited in the Treasury each month of the fiscal year 1920 for the redemption of national-bank notes.
Month. 5 per cent account. Retirement account. W’ Total.
Insolvent and liquidating. Reducing.
Nationals. Federals.
1919—July August September October.. November December 1920—January February March April May June Total $39,968,187.90 35,556,564.21 26,399,185.56 45,839,373.99 37,196,969. 21 39,934,144.97 21,751,098.18 19,510,701. 84 51,024,186.43 44.340,096.67 52; 717,234.46 40,561,481.91 $204,527.50 295,597.50 10,000.00 588,395.00 221,200.00 483,500.00 671,800.00 753,347.50 1,198,292.50 639,500.00 391.500.00 17,150.00 $491,750.00 2,416,200.00 492,500. 00 2,661,200.00 387,000.00 871,297.50 452,197.50 770,697.50 402,797.50 373,750.00 1,443,492.50 572,695.00 $261,600 $40,664,465. 40 38,268,361.71 26,901,685. 56 49,088,968.99 37,805,169. 21 41,288,942.47 23,136,695. 68 21,034,746.84 52,625,276.43 45,353,346. 67 54,552,226.96 a 41,151,326.91
454,799,225.33 5,474,810.00 11,335,577.50 261,600 471,871,212. 83
REPORT OF THE TREASURER OF THE UNITED STATES. 107
No. 44.—Amount of currency counted into the cash of the national-bank redemption agency and redeemed notes delivered, by fiscal years, from 1900.
108 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 45.—Currency received for redemption by the national-bank redemption agency from, the principal cities and other places, by fiscal years, from 1900, in thousands of dollars.
Fiscal years. New York. Boston. Philadelphia. Baltimore. Chicago. Cincinnati. St. Louis. New Orleans. Other places. Total.
1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 1920 $52,707 81,263 86,749 98,550 141,660 159,432 150,087 102,279 193,292 236,101 234,110 262,105 327,793 321,857 326,510 364,149 211,596 149, 447 104,072 153,647 174,302 $12,427 19,467 18,672 19,543 22,834 24,416 22,656 18,087 20,075 29,435 35,492 37,920 47,704 61,725 60,470 56,405 46,594 33,452 23,171 34,082 43,686 $8,390 9,097 10,788 14,306 18,688 21,483 20,422 17,778 20,437 28,887 36,640 36,199 43,314 43,866 43,037 38,770 34,314 30,240 25,281 45,582 84,455 $2,633 4,747 5,635 7,009 9,338 11,768 10,789 9,222 7,941 10,301 11,561 11,549 13,007 14,035 15,589 15,183 13,835 8,944 9,855 8,483 12,208 $4,804 8,562 14,192 18,739 21,910 26,798 28,160 27,677 30,512 47,504 63,397 69,373 71,262 77,380 86,673 98,348 77,998 58,043 39,257 50,350 80,763 $1,218 1,644 3,198 4,449 6,417 7,724 8,321 7,285 8,026 12,342 11,712 11,981 14,281 15,644 17,217 18,419 16,991 14,892 18,021 49,569 61,672 $2,320 6,008 12,847 9,311 12,301 18,572 13,764 13,044 16,147 28,268 30,286 29,799 29,867 32,105 41,397 42,911 35,334 34,497 25,720 29,207 33,955 $710 1,528 2,271 3,176 4,034 5,372 5,346 6,118 5,896 7,838 6,586 7,710 6,797 7,135 9,426 9,596 7,847 6,467 4,783 8,296 9,631 $11,773 15,171 17,517 21,347 24,960 32,734 36,748 38,525 47,308 60,846 72,715 84,896 95,930 102,142 106,438 138,853 120,368 126,463 148,150 237,632 407,350 $96,982 147,487 171,869 196,430 262,142 308,299 296,293 240,315 349,634 461,522 502,499 551,532 649,955 675,889 706,757 782,634 564,877 462,445 398,310 616,848 908,022 ,
No. 46.— Mode of payment for currency redeemed at the national-bank redemption agency, by fiscal years, from 1900.
Fiscal years Treasurer’s checks. United States currency. Gold, silver, and minor coin. Credit in general account. Credit in redemption account. Total.
1900 $28,433,009.35 65,935,811.50 61,870,406.50 63,546,511.10 95,594,893.78 107,599,546.95 122,852,833.45 126,576,021.21 172,719,195.75 219,617,316.49 171,238,564.95 192,124,524.68 211,465,409.01 230,238,150.96 307,672,642.92 122,230,578.22 34,137,302.52 94,416,415.22 41,098,909.60 18,418,673. 20 40,530,245.32 $55,877,983.30 58,986,976.54 74,811,828.26 95,919,863.47 123,598,051.41 146,513,677.16 123,371,141.71 62,747,460.05 123,985,045.30 165,668,312.33 250,279,311.34 280,827,485.49 319,249,866.07 352,869,975.89 286,102,626.90 307,667,489.65 418,381,906.13 273,264,891.03 101,362,222.83 173,265,442.78 45,418,429. 73 $78,301.35 41,954.90 46,770.80 47,084.45 31,829.60 81,430.80 109,491.20 151,594.40 190,323.65 187,978.58 239,196.18 121,080.80 142,889.60 122,709.65 111,159.80 28,220.00 19,500.50 21,799.90 $11,380,978.28 21,508,997.10 33,603,045.00 36,178,517.50 41,360,571.40 50,629,868.00 46,965,078.53 47,676,609.25 48,732,300.17 65,451,853,20 65,740,145.68 61,092,783.79 66,615,692.70 72,110,519.47 94,359,812.77 316,131,406.67 104,343,158.40 87,044,474.76 249,350,534.39 410,481,596.25 823,041,581.41 $456,009.20 669,909.86 716,084.80 669,216.76 1,157,040.46 1,992,834.52 1,875,874.92 1,683,179.85 2,922,415.83 8,611,517.70 12,102,665.42 15,321,826.62 19,548,706.99 17,780,911;58 16,379,581.87 124,351,323.20 3,094,263.35 2,699,715.46 1,617,444.34 1,748,916.32 2,424,252.28 $96,226,281.48 147,143,649.90 171,048,135.36 196,361,193.28 261,742,386.65 306,817,357.43 295,174,419.81 238,834,864.76 348,549,280.70 459,537,008.30 499,599,883.57 549,487,701.38 647,022,564.37 673,122,267.55 704,625,824.26 770,409,017.74 559,976,130.90 457,447,296.37 393,429,111.16 ■ > 603,914,628.55 911,414,508.74 1
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
1912
1913
1914
1915
1916
1917
1918
1919.. .
1920
i $16,927,204.85 for retirement of emergency currency. No. 47.—Deposits, redemptions, assessments for expenses, and transfers and repayments on account of the 5 per cent redemption fund of National and Federal reserve banks, by fiscal years, from 1900.
Fiscal years. Deposits. Redemptions. Assessments. Transfers and repayments. Balance.
1900 $78,354,882.88 131,535,726.84 148,687,860.75 169,458,351.28 230,952,146.79 282,914,986.56 279,186,849.35 214,858,638.72 260,678,988.70 415,116,821.67 165,351,212.01 505,754,509.59 617,425,172.82 649,688,803.99 691,193,157.01 485,238,827.88 441,182,576.23 368,714,326.53 444,389,017.14 934,977,257.23 1,772,280,776.57 $74,872,477.50 128,928,835.00 147,010,875.00 167,643,585.50 228,324,620.00 280,998,292.50 272,996,587.50 212,082,400.00 261,197,305.00 409,517,715.00 461,232,132.50 505,809,020.00 618,160,280.00 644,913.365.00 685,944,050.00 460,499,797.50 438,751,345.00 364,396,070.00 366,130,575.00 500,128,995.00 954,447, 760.00 $121,420.28 122,544.28 153,334.03 156,409.72 176,464.24 223,672.88 249,350.38 248,742.26 234,300.66 271,934.30 398,612.85 442,668.78 437,838.01 504,688.24 520,422.42 521,761.53 501,119.09 438,261.36 417,333.50 409,138.94 535,201.43 $1,021,916.07 723,459.79 1,622,486.52 1,176,007.51 1,351,771.62 977,191.78 1,570,711.55 1,480,983.67 2,347,492.91 2,367,908.44 1,675,725.54 1,820,609.03 1,280,294.59 1,751,270.04 2,493,501.56 21,088,041.43 3,243,633.86 2,320,704.57 18,888,159.51 323,245,597.09 773,734,755.96 $11,140,721.93 12,901,609.70 < 12,802,774.90 13,285,123.45 14,384,414.38 15,100,243.78 19,470,443.70 20,516,956.49 17,416,846.62 £ 20,376,110.55 22,420,851.67 20,103,063.45 17,649,823.67 20,169,304.38 22,404,487.41 25,533,714.83 24,220,193.11 25,779,483.71 113,459,699.13 224,653,225.33 268,216, 284.51
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
1912
1913
1914
1915
1916
1917
1918
1919
1920
Note.—Federal reserve notes not included until fiscal year 1918. Federal reserve note balance June 30, was $28,727,266.29.
REPORT OF THE TREASURER OF THE UNITED STATES,
109
No. 48.—Deposits, redemptions, and transfers and repayments on account of the retirement of circulation, by fiscal years, from 1900.
1 Emergency currency included.
110
REPORT OF THE TREASURER OF THE UNITED STATES.
No. 49.—Expenses incurred in the redemption of national and Federal reserve currency, by fiscal years, from 1900.
Rate of expense per $1,000. Federal reserve notes. From other sources. Unfit for use. $0.41880 . 34754 . 43992 .37080 .38637
Fit for use. •
From banks of issue.
Federal reserve bank notes. Retirement. $0.75066 . 78946 .92882 1.15854
Active. Unfit for use.
Fit for use.
National-bank notes. Retirement. $0. 75066 . 78946 .92882 .76864
Active. Unfit.
Fit. $1.33558 .99560 . 92444 . 90262 . 84716 .80993 . 84528 . 98615 . 90366 . 79762 . 880Q6 . 81977 . 78233 . 77293 . 74312 . 65147 . 81722 . 98350 . 84876 .72976 .64823
Total. $122,984.76 146,236.18 153,796.33 174,477. 62 219,093.13 247,973. 26 250,924.24 233,650.52 270,840.21 396,743.15 434,093.10 443,380.12 505,735.21 517,842.93 529,013.36 498,328.60 450,150.22 420,160.42 412,785.92 528,424. 24 982,503.44
Office of Comptroller of the Currency. s tu p p o o expenses. $1,334. 58 1,199. 31 537. 57 611.28 402.17 439. 01 559.33 544.45 344.74 1,247.67
Salaries. $16,812.72 16,272.76 16,663.35 16,790. 03 16,803.54 21,497. 76 19,767. 63 .28,332.39 31,471.00 30,707.91 29,985.99 31,683.35 38,211.45 41,623. 72 42,352.33 42,074.96 42,658. 70 42,930.86 45,023.67 46,055. 22 91,871.24
Office of Treasurer of the United States. Contingent expenses. $4,231.13 3,630.33 6,413.12 6,676.07 8,972.21 10,174.43 10,391.02 9,071.19 9,733.40 19,677. 65 20,045.50 23,488.19 16,810.12 13,102. 93 14,379.54 12,205. 67 13,332.13 7,639. 20 11,570.29 13,248.62 63,886.26
Salaries. $70,173. 58 70,783.34 70,761.90 83,012.64 97,737. 26 104,739.87 116,288.39 123,145.38 124,950.19 199,336.89 212,988.04 218,410. 62 213,688. 99 217,961.97 218,161.00 219,110.25 216,476. 96 214,715.47 196,241.31 239,736.42 499,385.51
Charges for transportation. $31,767.33 55,549. 75 59,957.96 67,998. 88 95,580.12 111,561.20 104,477.20 73,101. 56 104,685.62 147,020. 70 171,073. 57 168,463. 38 235,825.34 244,616. 74 253,509. 21 224,535. 55 177,243.42 154,315. 56 159,406.20 229,039.24 326,112.76
Fiscal years. 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 1920
1
REPORT OF THE TREASURER OF THE UNITED STATES. Ill
No. 50.—General cash account of the national-bank redemption agency for the fiscal year 1920 and from July 1, 1874-
For fiscal year. From July 1,1874.
Dr.
Balance from previous year..................
Packages with, unbroken seals from previous year Currency received for redemption............
“Overs”.....................................
Total.................................
Cr.
.$100,161,530.18 ..................
8,954,763.00 ...................
908,022,077.69 $12,196,462,697.78
564,987.84 2,632,971.46
1,017,703,358.71 12,199,095,669.24
National-bank notes returned to banks of issue..................
National-bank notes delivered to Comptroller of the Currency....
Federal reserve bank notes returned to banks of issue..........
Federal reserve bank notes delivered to Comptroller of the Currency.. Federal reserve notes returned to banks of issue...............
Federal reserve notes delivered to Comptroller of the Currency..
Money deposited in Treasury....................................
Packages referred and moneys returned.............i............
Express charges deducted.......................................
Counterfeit notes returned......................................
Uncurrent notes returned or discounted.........................
“Shorts”.......................................................
Packages with unbroken seals...................................
Cash balance June 30, 1920......................................
Total.....................................................
3,373,500.00
472,500,487.00
390,750.00 228,379,780.00 30,780,650.00
242,582,997.50
7,524,353.50
4,663,810.80
9,729.35
1,530.10
35,526.98
236,308.30
1,180,414.26
26,043,520.92
2,945,380,946.00
8,118,542,670.60
3,187,350.00 266,346,120.00 110,812,750.00 496,768,367.50 154,565,450.23
74,093,618.59 135,270.84 109,163.85 301,692.29
1,628,334.16 1,180,414.26
26,043,520.92
1,017,703,358.71
12,199,095,669.24
No. 51.—Average amount of national-bank notes outstanding and the redemptions, by fiscal years, from 1875 (the first year of the agency).
Years. Average outstanding. Redemptions. Years. Average outstanding. Redemptions.
Amount. Per cent. Amount. Per cent.
1875 $354,238,291 43.90 1898 $228,170,874 $97,111,687 42.56
1876 344^ 483’ 798 209,038,855 60. 68 1899 239,287,673 90,838,301 37.96
1877 321^828,139 242,885,375 75.47 1900 260,293,746 ' 96,982,608 37.25
1878 . 320,625,047 213,151,458 66.48 1901 339,884,257 147,486.578 43.39
1879 324', 244,285 157,656,645 48.62 1902 358,173,941 171,869,258 47.98
1880 .. 339,530,923 61,585,676 18.13 1903 383;173; 195 196', 429; 621 51.26
1881 .. . . 346^ 314^ 471 59,650;259 17.22 1904 428,886,482 262,141,930 61.12
1882 359\ 736^ 050 76,089,327 21.15 1905 468,285,475 308,298,760 65.84
1883 . 359,868,524 102,699,677 28.53 1906 538,065,425 296,292,885 55.07
1884 347' 746' 363 126,152; 572 36.27 1907 580,445,599 240,314,681 40.77
1885 .. 327,022,283 150;209; 129 45.93 1908 662,473,554 349,634,341 52.78
1886 314,815,970 130,296,607 41.38 1909 680,666,307 46i;522,202 67.80
1887 ... 293,742,052 87,689,687 29.85 1910 707,919;327 502; 498; 994 70.98
1888 265’622' 692 99,152,364 37.32 1911 724,911,069 551,531,596 76.08
1889 230,648,247 88j 932; 059 38.55 1912 739,940,744 649,954,710 87.84
1890 . 196,248,499 70,256,947 35.80 1913 750,906,777 675,889,000 90.01
1891 175^911^373 67,460,619 38.34 1914 755; 598; 359 706,756,602 93.54
1892 .. 172,113,311 69;625; 046 40.45 1915 943,887,520 782,633,567 82.92
1893 174'755' 355 43.46 1916 770,598,250 522,923,441 67.86
1894 205,322,804 105,330,844 51.30 1917 724,305,232 406,462,419 56.12
1895.. 207' 860' 409 86,709,133 41.71 1918 719;159,594 331,507,154 46.10
1896 217,133,390 108,260,978 49.85 1919 722,275,127 371,361,153 51.42
1897 232j888i449 113;573;776 48.76 1920 722,934,617 425,741,623 58.89
No. 52.—Federal reserve notes, canceled and uncanceled, forwarded by Federal reserve banks and branches, counted and delivered, to the Comptroller of the Currency for credit of Federal reserve agents.
1916................■................................................................ $24,486,000.00
1917' 55,042,725.00
1918^................................................................................ 213,730,775.00
1919 ................................................................................ 701,857,330.00
1920............................................................................... 1,722,882,472.50
112 REPORT OF THE TREASURER OF THE UNITED STATES.
No. 53.—Changes daring the fiscal year 1920 in the force employed in the Treasurer’s office.
Total force June 30,1919:
Regular roll...................................................................... 543
Agency roll..................................................................... 215
Postal savings roll.............................................................. 10
Bond roll....................................................................... 126
Defense roll..................................................................... 227
---- 1,121
Increase in force........................................................................ 242
Total force June 30, 1920
Changes during year: Discontinued.............................. 68
Died.................................... 7
Resigned.............................. 257
Transferred from....................... 38
........................................i,36a
Changes during year—Continued: Appointed.............................497
Reappointed.......................... 19
Transferred to........................ 87
Detailed to........................... 72
INDEX.
Assets of the Treasury: Page.
Available June 30, 1919 and 1920....................................... 55
Distribution of, June 30, 1920......................................... 53
Mints and assay offices, holdings of, June 30, 1920.................... 53
Monthly statement of................................................... 77
Treasury offices, holdings of, June 30, 1920........................... 52
Balance in the Treasury: Amount of............................................................... 16
Available June 30, 1919 and 1920....................................... 55
Distribution of, June 30, 1920......................................... 56
Monthly statement of................................................... 78
Bonds:
Checks for interest on, issued during year.......................... 14,106
Interest on, paid during year......................................... 106
National banks, held in trust for...................................... 18
Outstanding............................................................ 14
Panama Canal loan...................................................... 10
Postal savings. .................................................... 19, 22
Purchased of foreign Governments....................................... 11
Receipts and disbursements on account of............................... 12
Retired from May, 1869................................................ 101
State and city.......................................................... 19
Withdrawal of, to secure circulation.................................... 22
Bullion: Gold, in Treasury, by months.......................................... 57
Mints and assay offices, holdings of, June 30, 1920.................... 53
Silver, in Treasury, by months......................................... 61
Bullion fund: Composition and distribution of, June 30, 1920.......................... 53
Checks and warrants: Amounts of, outstanding................................................. 16
Circulation: Amount............................................................... 25,75
Per capita............................................................. 26
Ratio to population.................................................. 27
Clearing house in New York: Transactions of Subtreasury with........................................ 89
Compound-interest notes: Issued, redeemed, and outstanding....................................... 86
Coupons: Paid during year....................................................... 103
Customs: Receipts on account of................................................... 9
Denominations: Average value.................................... '____________________ 33
Depositaries, national bank: Amount held by....................................................... 24,54
Balance of public moneys in, June 30, 1920.............................. 93
Interest paid on deposits held.......................................... 24
Bonds held for.......................................................... 18
Number of, and bonds held for, by years................................ 101
Public moneys with, by months......................................... 76
Regular................................................................. 93
Special................................................................. 92
Disbursements: Comparative statement of, 1919 and 1920.................................. 9
Disbursing officers: Balances to credit of, in Treasury.................................. 52, 55
15170—20-------8 113
114 REPORT OF THE TREASURER OF THE UNITED STATES.
District of Columbia: Page.
Bonds and securities held for........................................... 44
Interest on bonds of, paid during year................................. 103
Employees of Treasurer’s office: Changes in................................................................ 112
Federal reserve banks: Gold settlement fund for................................................... 24
Net earnings derived from.............................................. 12
Federal land banks: Purchase of stock in....................................................... 11
Five per cent redemption fund: Amount of, June 30, 1920............................................... 16, 54
Monthly deposits in, for year.......................................... 106
Yearly deposits and redemptions on account of.......................... 108
Fractional currency: Denominations of, issued, redeemed, and outstanding........................ 86
Gold: Circulation of, by months.................................................. 57
Deposited at mints and assay offices.................................... 41
Estimated stock of, by months........................................... 57
Imports and exports of.............................................. 17,87
Mints and assay offices, holdings of, June 30, 1920..................... 53
Notes redeemed in....................................................... 15
Ratio to stock of money. ...'........................................... 26
Recoinage of............................................................ 41
Settlement fund of, for Federal reserve banks........................... 24
Stock and distribution of.............................................. 25, 57
Treasury, amount in, by months.......................................... 57
Treasury offices, holdings of, June 30, 1920............................ 52
Gold certificates: Amount and distribution of................................................. 69
Average life of......................................................... 32
Circulation of, by months............................................... 69
Denomination of, issued, redeemed, and outstanding, by years............ 82
Outstanding June 30, 1919 and 1920...................................... 29
Outstanding, by months............................................... 69
Total issued, redeemed, and outstanding................................. 87
Treasury, amount in, by months.......................................... 69
Treasury offices, holdings of, June 30, 1920.......................... 52
Interest: Checks issued for, and paid............................................... 106
Coupons paid........................................................... 103
Expenditures on account of............................................... 10
Paid by depositaries on public moneys................................... 24
Internal revenue: Receipts on account of...................................................... 9
Kinds of paper currency: Amount of each............................................................. 25
Number of pieces prepared............................................... 33
Number of pieces issued in 1919 and 1920............... *............... 34
Lands: Receipts from sales of. .................................................... 9
Inabilities of the Treasury:
Amount of, by offices, June 30, 1920 ................................... 52
Comparative statement of................................................ 55
Distribution of, June 30, 1920.......................................... 53
Monthly statement of. .................................................. 78
Manhattan Savings Institution: United States bonds held in trust for...................................... 44
Minor coin:
Mints and assay offices, holdings of, June 30, 1920..................... 53
Outstanding June 30, 1919 and 1920...................................... 37
Recoinage of............................................................ 42
Treasury, amount in, by months.......................................... 76
Treasury offices, holdings of, June 30, 1920............................ 52
Mints and assay offices: Assets of the Treasury in custody of......................-................ 53
REPORT OF THE TREASURER OF THE UNITED STATES.
115
Money: Page.
Changes in volume of, in circulation.................................... 75
Circulation of, by months............................................ 75
Estimated stock of, by months........................................ 74
For moving the crops.................................................... 40
Legal tender, and not legal tender................................... 38, 39
Shipments of, from Treasury............................................. 41
Stock and distribution of................................,.............. 25
United States paper, issued, redeemed, and outstanding, by years—....... 84
National banks:
Bonds held in trust for...........................................’..... 18
Designated depositaries of public moneys............................. 23, 92
Number of, and of depositaries, and bonds held for, by years........... 101
Public moneys on deposit in.......................................... 24,93
Semiannual duty collected from, by years............................. 101
National-bank notes:
Additional circulating notes, act May 30, 1908....................... 16, 55
Amount and distribution of..:........................................ 25, 65
Average life of....................................................... 32
Circulation of, by months........................................... 65
Cities, receipt of, from principal................................. 108
Expense of redemption of............................................._ HO
Five per cent fund for............................................... 55,108
Outstanding, by months.......................................-.......... 65
Ratio of redemptions to outstanding..................................... Hl
Receipts and disbursements for 1919 and 1920............ ............... 12
Redemption of........................................................ 42
Treasury, amount in, by months.......................................- 65
Treasury offices, holdings of, June 30, 1920.............,.............. 52
Old demand notes:
Denominations of, issued, redeemed, and outstanding..................... 86
One and two year notes: Issued, redeemed, and outstanding................................-...... 86
Panama Canal:
Bonds sold for...................................................- -- lb
Disbursements for..................................................... H
Paper money: Average life of.........................................
Changes in denominations............................
Cost of...............................-.............
Issued and redeemed for 1919 and 1920...............
Kinds of.........................-..................
Preparations of, for issue..........................
Redemption of...........-................-..........
Population: Increase of...............-.............................
Post Office Department: Postal Savings System.......................-...........
Receipts and disbursements on account of. ..........
Public debt: Amount of, and changes in....................-..........
Monthly statement of.........................T-iAon
Receipts and disbursements on account of. 1919 and 1920
Receipts: Net, ordinary, and total, 1919 and 1920..........-......
Post Office Department, for year....................
Recoinage: Amount of, and loss from, for year.....................
Redemption of paper currency:
Number of pieces redeemed in 1919 and 1920......- - - -
Refunding certificates:
Issued, redeemed, and outstanding...................
Reserve fund............................................
32
30
31
34, 35
25
33
34
27
19
56
14,103
105
12
9
56
41
35
102
15
Semiannual duty:
Collected from national banks, by years
101
Seven-thirty notes:
Issued, redeemed, and outstanding
102
116 REPORT OF THE TREASURER OF THE UNITED STATES.
Silver: Pa«e-
Circulation of, by months................................................ 61
Estimated stock of, by months............................................ 61
Mints and assay offices, holdings of, June 30, 1920........... -........ 53
Recoinage of....................................................-..... _ 41
Stock and distribution of............................................. 25, 61
Treasury, amount in, by months........................................... 61
Treasury notes, held against, by months.................................. 88
Treasury offices,' holdings of, June 30, 1920........................... 52
Silver certificates:
Amount and distribution of................-.............- - -........... 25
Average life of........................................................ 32
Changes in denominations of.............................................. 30
Circulation of, by months................................................ 69
Denominations of, issued, redeemed, and outstanding, by years............ 83
Issued, redeemed, and outstanding........................................ 87
Outstanding, by months................................................... 69
Treasury, amount in, by months.................................... - - 69
Treasury offices, holdings of, June 30, 1920........................... 52
Standard silver dollars: Circulation of, by months..................................................... 61
Mints and assay offices, holdings of, June 30, 1920...................... 53
Stock of, by months...................................................... 61
Treasury, amount in, by months........................................... 61
Treasury notes, held against, by months.................................. 88
Treasury offices, holdings of, June 30, 1920........................ 52
States: Bonds of, held in trust............................ .......................... 44
Subsidiary silver coin: Circulation of, by months................................................... 61
Estimated stock, of, by months.......................................... 61-
Mints and assay offices, holdings of, June 30, 1920...................... 53
Recoinage of............................................................. 41
Stock and distribution of............................................. 25, 61
Treasury, amount in, by months........................................... 61
Treasury offices, holdings of, June 30, 1920.......................... 52
Sub treasuries: Assets and liabilities of, June 30, 1920...................................... 52
Transfers of funds: For deposits in New York....................................... -............ 40
Treasury notes of 1890:
Amount and distribution of............................................. 25
Average life of.................................................-........ 32
Circulation of, by months................................................ 65
Denominations of, issued, redeemed, and outstanding, by years............ 81
Issued, redeemed, and outstanding........................................ 87
Outstanding, by months................................................. 65
Redeemed in gold, by years............................................. 87
Redeemed in gold, by months............................................ 87
Redeemed in silver and retired........................................• 88
Silver in Treasury purchased by, monthly................................. 88
Treasury, amount in, by months......................................... 65
Treasury offices, holdings of, June 30, 1920.......................... 52
Treasury offices: Assets and liabilities of, June 30, 1920............................... 52
Trust funds: Amount of and changes in............................................. 15, 44
District of Columbia................................................... 44
Held for the redemption of notes and certificates........................ 15
Uncovered moneys: Amount of, June 30, 1920..........................-...................... 9
United States notes: Amount and distribution of.................................................... 25
Average life of........................................................ 32
Changes in denominations of................................... -........ 28
Circulation of, by months......................................... - - 65
Denominations of, issued, redeemed, and outstanding, by years............ 79
REPORT OF THE TREASURER OF THE UNITED STATES. 117
£ United States notes—Continued. Page.
Issued, redeemed, and outstanding................................... 87
Outstanding, by months.............................................. 65
f' Redeemed in gold, by years.......................................... 87
Redeemed in gold, by months......................................... 87
Treasury, amount in, by months...................................... 65
Treasury offices, holdings of, June 30, 1920........................ 52
United States paper currency: Held in reserve vault.................................................... 34
Increase .in small denominations of................................. 30
Pieces of, outstanding.............................................. 31
Warrants and checks: Outstanding, on Treasury offices, June 30, 1920.......................... 54
t Total outstanding, June 30, 1919, and June 30, 1920................. 55
o