[Annual Report of the Treasurer of the United States for the Fiscal Year Ended June 30, 1918] [From the U.S. Government Publishing Office, www.gpo.gov] PUBLIC DOCUMENT ' ANNUAL REPORT OF THE Treasurer of the United States FOR THE FISCAL YEAR ENDED JUNE 30 1918 WASHINGTON GOVERNMENT PRINTING OFFICE 1918 SAN DIEGO FREE PUBLIC LIBRAHT ANNUAL REPORT OF THE Treasurer of the United States FOR THE FISCAL YEAR ENDED JUNE 30 1918 WASHINGTON GOVERNMENT PRINTING OFFICE 1918 Treasury Department Document No. 2829 Treasurer of the United States CONTENTS. REPORT. Receipts and disbursements for 1917 and 1918.............................. Panama Canal.............................................................. Extraordinary disbursements............................................... Receipts and disbursements on account of the Post Office Department....... Transactions in the public debt........................................... Currency issued and redeemed.............................................. Public debt 1917 and 1918................................................. 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 1918.................................. Gold in Treasury from 1910................................................ Bonds held as security for national-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......................................... General account of Treasurer of the United States......................... Gold settlement fund...................................................... Monetary stock, 1917 and 1918............................................. 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 1918.......................... Pieces of United States paper currency outstanding........................ Denominations outstanding June 30, 1918................................... Ratio of small denominations to all paper................................. 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 deposits in New York—money for moving the crops, etc........ Telegraphic transfers for foreign coin.................................... Deposits of gold bullion at mints and assay offices, 1916, 1917, and 1918. Shipments of currency from Washington, 1917 and 1918...................... Recoinage, 1917 and 1918.................................................. Redemption of Federal reserve and national currency....................... Special trust funds and changes therein during the fiscal year............ District of Columbia sinking fund......................................... Page. 7 8 8 9 9 10 11 11 11 11 12 14 14 14 15 18 19 20 20 21 21 22 22 23 23 24 24 25 26 26 27 27 28 28 29 29 30 31 31 32 34 34 35 35 36 37 37 37 38 40 3 4 CONTENTS. APPENDIX. Page. No. 1.—Receipts and disbursements for the fiscal year 1918................. 41 No. 2.—Receipts and disbursements on account of the Post Office Department for fiscal year 1918...............:................................. 41 No. 3.—Distribution of the General Treasury balance, June 20, 1918......... 41 No. 4.—Assets and liabilities of the Treasury offices, June 30, 1918. ..... 42 No. 5.—Assets of the Treasury in the custody of mints and assay offices, June 30,1918.................................................................... 43 No. 6.—General distribution of the assets and liabilities of the Treasury. 44 No. 7.—Available assets and net liabilities of the Treasury at the close of June, 1917 and 1918.............................................................. 44 No. 8.—Assets and liabilities of the Treasury in excess of certificates and Treasury notes at the close of June, 1917 and 1918......................... 46 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, 1912.................................................................. 46 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, 1912. Also silver, other than stock, held in the Treasury................ 51 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, 1912............................... 55 No. 12.—Gold certificates and silver certificates outstanding, in the Treasury, and in circulation at the end of each month, from January, 1912... 59 No. 13.—Estimated stock of all kinds of money at the end of each month, from January, 1912................................................ -............ 65 No. 14.—Estimated amount of all kinds of money in circulation at the end of each month, from January, 1912............................................. 66 No. 15.—Assets of the Treasury other than gold, silver, notes, and certificates at the end of each month, from January, 1912............................... 67 No. 16.—Assets of the Treasury at the end of each month, from January, 1912. 68 No. 17.—Liabilities of the Treasury at the end of each month, from January, 1912...................................................................... 69 No. 18.—United States notes of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1911..................... 70 No. 19.—Treasury notes of 1890 of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1912.................... 72 No. 20.—Gold certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1913..................... 73 No. 21.—Silver certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1913....................... 74 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 1911................................ 75 No. 23.—Amount of paper currency of each denomination outstanding at the close of each fiscal year, from 1911..................................... 77 No. 24.—Old demand notes of each denomination issued, redeemed, and outstanding June 30, 1918................................................ 79 No. 25.—Fractional currency of each denomination issued, redeemed, and outstanding June 30, 1918................................................. 79 No. 26.—Compound-interest notes of each denomination issued, redeemed, and outstanding June 30, 1918.................................... -....... 79 No. 27.—One and two year notes of each denomination issued, redeemed, and outstanding June 30, 1918.................................................. 79 No. 28.—United States paper currency of each class, together with one and two year notes and compound-interest notes issued, redeemed, and outstanding June 30, 1918...........................;.................. 80 No. 29.—United States notes and Treasury notes redeemed in gold, from 1879, and imports and exports of gold during each fiscal year, from 1901.. 80 No. 30.—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, 1912.......................... 81 No. 31.—Transactions between the Subtreasury and clearing house in New York during each month, from January, 1912................................. 82 CONTENTS. 5 Page. No. 32.—Amount of each kind of money used in settlement of clearing-house W' , balances against the Sub treasury in New York during each month, from January, 1912............................................. 83 No. 33.—Balance in the Treasury, amount in Treasury offices and amount in depositary banks, from 1789 to 1918.......................................84 No. 34.—Federal reserve and national banks designated depositaries of public moneys, with the balance held June 30,1918............................... 86 No. 35.—Number of national banks with semiannual duty levied, by fiscal years, and number of depositaries with bonds as security, by fiscal - years.......................................................... 96 No. 36.—United States bonds retired, from May, 1869, to June.30, 1918.... 96 No. 37.—Seven-thirty notes issued, redeemed, and outstanding June 30, 1918. 97 No. 38.—Refunding certificates, act of February 26, 1879, issued, redeemed, and outstanding.......................................................... 97 No. 39.—Checks issued by the Treasurer for interest on registered bonds during the fiscal year 1918..................................................... 97 No. 40.—Interest on 3.65 per cent bonds of the District of Columbia paid dur-, ing the fiscal year 1918....................................... 97 No. 41.—Coupons from United States bonds and interest notes paid during the fiscal year 1918, classified by loans................................ 98 No. 42.—Bonds and other securities retired for the sinking fund during the fiscal year 1918, and total from May, 1869............................... 98 w No. 43.—Public debt at the close of June, 1917 and 1918, and changes during the year........................................................................ 99 No. 44.—Public debt, exclusive of certificates and Treasury notes, at the end of each month, from January, 1912...................................... 100 No. 45.—Checks drawn by the Secretary and paid by the Treasurer for interest on registered bonds of the United States during the fiscal year 1918. 101 No. 46.—Money deposited in the Treasury each month of the fiscal year 1918 for the redemption of national-bank notes............................... 101 No. 47.—Amount of currency counted into the cash of the National Bank Redemption Agency and, redeemed notes delivered, by fiscal years, from 1900............................................................... 102 No. 48.—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...................................... 104 No. 49.—Mode of payment for currency redeemed at the National Bank Redemption Agency, by fiscal years, from 1900............................. 104 No. 50.—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................................ 104 No. 51.—Deposits, redemptions, and transfers and repayments on account of the retirement of circulation, by fiscal years, from 1900............... 105 v No. 52.—Expenses incurred in the redemption of national and Federal reserve currency, by fiscal years, from 1900.......................... 106 No. 53.—General cash account of the National Bank Redemption Agency for the fiscal year 1918 and from July 1, 1874............................ 107 No. 54.—Average amount of national-bank notes outstanding and the redemp^ tion, by fiscal years, from J875 (the first year of the agency).... 107 No. 55.—Changes during the fiscal year 1918 in the force employed in the / Treasurer’s office.......................................... 107 REPORT OF THE TREASURER OF THE UNITED STATES. Treasury of the United States, Washington, October 15, 1918. Sir: The transactions of the Treasury of the United States for the fiscal year ended June 30, 1918, 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 1917 and 1918. Account. 1917. 1918. Increase. Decrease. RECEIPTS. Customs $225,962,393.38 354,387,425.89 454,978,781.84 1,892,893.23 70,791,059.41 10,170,424.43 $182,758,988.71 857,043,590.53 2,838,999,894.28 1,969,455.31 280,903,071.46 10,960,828.17 $43,203,404.67 Internal revenue: Ordinary Income and excess profits taxes Lands $502,656,164.64 2,384,021,112.44 76,562.08 210,112,012.05 790,403.74 Miscellaneous Receipts of the District of Columbia. Total Deduct moneys covered by warrant, in the year subsequent to the deposit thereof Total Add moneys received in fiscal year but not covered by warrant Net available DISBURSEMENTS. Legislative 1,118,182,978.18 272,881.18 4,172,635,828.46 264,029.43 3,097,656,254.95 8,851.75 43,203,404.67 1,117,910,097.00 , 264,029.43 4,172,371,799.03 1,638,786.71 3,097,665,106.70 1,374,757.28 43.203,404. 67 1,118,174,126.43 4,174,010,585.74 3,055,836,459.31 15,174,101.43 1,387,797.91 6,130,081.82 67,237,532.15 17,664,374.54 2,698:441.16 8,370; 989.01 981,649.66 29.249.699.03 l',920,717.41 16,042,052.69 9,822,595.51 10,709,278.58 163,677,075.70 18.170,930.16 18,233,466.75 9,170,109.86 1,834,613.77 35,271,820.52 1,934,320.44 2,221,094.54 46,759,461.46 13,301,156.49 5,916,881.45 13,232,380.79 150,000,000.00 55,000,000.00 862,026,889.34 68,807,052.35 14,406,410.75 867,951.26 8,434,797. 60 4,579,196.76 96,439,543.55 506,555.62 15,535,025.59 799,120.85 852,964.11 6,022,121.49 13,603.03 2,221,094.54 17,172,312.51 1,600,627.45 2,069,576.35 2,656,071.31 150,000,000.00 55,000,000 00 847,068,420.36 61,075,154.12 603,216.82 Executive proper State Department Treasury Department proper Public buildings War Department proper Miscellaneous, civil Navy Department, civil Interior Department, civil Post Office Department, proper.... Postal deficiencies Department of Agriculture Department of Commerce Department of Labor Department of Justice Federal control of transportation systems 29,587,148.95 11,700,529.04 3.847; 305.10 10; 576,309.48 War Finance Corporation United States ShippingBoard Other independent offices and commissions 14,958,468.98 7,731,898.23 13; 803,193.93 District of Columbia Total civil and miscellaneous . Military Establishment proper Rivers and harbors Naval Establishment proper Indian Service Pensions 243,020,237.83 401,418,331.54 30,487,559.82 257,166,437.44 30,598,093.55 160,318,405.66 24,742,129.42 1,516,537,591.15 5,645,584,931.93 29,593,581.89 1,368,642,793.84 30,888,400.03 181,137,754.12 197,526,608.36 1,273,517,353.32 5,244,166,600.39 1, ill, 476,356.40 290,306.48 20,819,348.46 172,784,478.94 893,977.93 Interest on the public debt Deduct repayments received in fiscal year but not covered by warrant 1,147,751,195.26 132,060.91 8,969,911,661.32 3,511,456.20 7,823,054,443.99 893,977.93 3,379,395.29 Add repayments covered by warrant in year subsequent to the deposit thereof 1,147,619,134.35 279,856.81 8,966,400,205.12 132,060.91 7,823,054,443.99 4,273,373.22 147,795.90 Total ordinary disbursements Deficit 1,147,898,991.16 8,966,532,266.03 7,818,633,274.87 29,724,864.73 4,792,521,680.29 7 8 REPORT OF THE TREASURER OF THE UNITED STATES. The total ordinary receipts and disbursements for the past 13 years are set forth in the statement following: Fiscal year. Receipts. Disbursements. Surplus. Deficit. 1906 $594,717,942.32 663,125,659.92 601,060,723.27 603,589,489.84 675,511,71’5.02 701,372,374.99 691,778,465.37 724,111,229.84 734,673,166.71 692,484,445.12 779,664,552.49 1,118,174,126.43 4,174,010,585.74 $549,405,425.35 551,705,129.04 621,102,390.64 662,324,444.77 659,705,391.08 654,137,997.89 654,553,963.47 682,770,705.51 700,254,489.71 730,103,591.80 724,492,998.90 1,147,898,991.16 8,966,532,266.03 $45,312,516.97 111,420,530.88 1907 1908 $20,041,667.37 58,734,954.93 1909 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 55,171,553.59 1917 29,724,864.75 4,792,521,680.29 1918 THE PANAMA CANAL. The receipts from the Panama Canal during the fiscal year 1918 were $6,414,570. 25, while the disbursements amounted to $20,787 624. 92. The net excess of disbursements was $14,373,054. 67, which was paid out of the general fund of the Treasury. The amount expended on account of the canal and the proceeds from sales of bonds to the close of the fiscal year 1918 may be studied in the statement following: Receipts and disbursements on account'of the Panama Canal. Total amount expended. Deduct amount not reimbursable. Net amount reimbursable. Receipts from tolls, etc. To June 30,1914 Fiscal year 1915 Fiscal year 1916 Fiscal year 1917 Fiscal year 1918 Total Deduct proceeds of bonds sold Net balance expended out of the general fund of the Treasury reimbursable from the proceeds of bonds not yet sold. Total Panama Canal bonds authorized by law Total of bonds issued to date Balance of bonds authorized but not yet issued $353,066,502.05 29,187,947.60 17,504,728.07 19,262,798.32 20,787,624.92 $16,607,262.85 7,574,681.30 8,265,164.38 11,413,623.06 20,787,624.92 $336,459,239.20 21,613,266.30 9,239,563.69 7,849,175.26 $4,130,215.15 2,869,995.28 6,150,668.59 6,414,570.25 439,809,600.96 64,648,356.51 375,161,244.45 138,600,869.02 236,560,375.43 375,200,980.00 134,631,980.00 240,569,000.00 EXTRAORDINARY DISBURSEMENTS. Extraordinary disbursements of public moneys were made during the fiscal year 1918 under provisions of law as follows: Purchase of obligations of foreign governments engaged in war with the enemies of the United States...........................$4, 739,434, 750. 00 Purchase of Federal farm loan bonds.......................... 65,153, 254.15 Total.................................................. 4,804,588,004.15 REPORT OF THE TREASURER OF THE UNITED STATES. 9 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 1918 the postal receipts deposited in the Treasury and credited to the Post Office Department were $209,119,730.79; other receipts to the amount of $241,177,140.56 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 1918 may be studied on page 42. of this report. TRANSACTIONS IN THE PUBLIC DEBT. The transactions in the public debt during the fiscal year 1918 were as follows: Receipts for postal savings bonds (act of June 25, 1910), $1,020,940; for retirement of national-bank notes (act of July 14, 1890), $10,279,650; for 1-year Treasury notes (act of Dec. 23, 1913), $19,150,000; for certificates of indebtedness (acts of Sept. 24, 1917, and Apr. 4, 1918), $9,017,648,500; for first Liberty loan (act of Apr. 24, 1917), $523,112,200.01; for second Liberty loan (act of Sept. 24, 1917), $3,807,863,516; for third Liberty loan (act of Apr. 4, 1918), $3,243,045,138.47; and for war savings and thrift stamps (act of Sept. 24, 1917), $352,769,265.13, making a total of $16,974,889,209.61 received, while the disbursements on account of principal of matured loans and fractional currency were $20,650.33; for national-bank notes canceled and retired, $21,611,225; for 1-year Treasury notes, $27,362,000; for certificates of indebtedness retired, $7,578,271,732; for United States bonds purchased and retired, $76,641,500; and for war savings stamps purchased and retired, $2,971,967.80, making a total disbursement for the debt of $7,-706,879,075.13. The net result was an excess of receipts of $9,268,-010,134.48. A comparison by items for the past two fiscal years is made in the statement following: Receipts and disbursements on account of the public debt for 1917 and 1918. Account. 1917 1918 Increase. Decrease. RECEIPTS. Postal savings bonds Lawful money to retire nationalbank notes $1,794,660.00 37,293,045.00 4,390,000.00 918,205,000.00 1,466,335,094.61 $1,020,940.00 10,279,650.00 19,150,000.00 9,017,648,500.00 523,112,200.01 3,807,863,516.00 3,243,045,138.47 352,769,265.13 $773,720.00 27,013,395.00 943,222,894.60 l-year Treasury notes Certificates of indebtedness United States bonds: First Liberty Second Liberty $14,760,000.00 8,099,443,500.00 3,807,863,516.00 3,243,045,138.47 352,769,265.13 Third Liberty. ar savings and thrift stamps... Total 2,428,017,799.61 16,974,889,209.61 14,546,871,410.00 10 REPORT OF THE TREASURER OF THE UNITED STATES. Receipts and disbursements on account of the public debt for 1911 and 1918—Continued. Account. 1917. 1918. Increase. Decrease. DISBURSEMENTS. United States-bonds matured retired §16,470.00 1,928.75 4,390,000.00 632,572,268.00 40,564,115.50 §19,220.00 1,430.33 27,362,000.00 7,578,271,732.00 21,611,225.00 76,641,500.00 2,971,967.80 §2,750.00 22,972,000.00 6,945,699,464.00 76,641,500.00 2,971,967.80 Fractional currency retired 1-year Treasury notes retired Certificates of indebtedness retired. National-bank notes retired United States bonds purchased retired §498.42 18,952,890.50 War savings stamps purchased retired ’. Total 677,544,782.25 7,706,879,075.13 7,029,334,292.88 Excess of receipts 1,750,473,017.36 9,268,010,134.48 UNITED STATES PAPER CURRENCY ISSUED AND REDEEMED. During the fiscal year 1918 the paper currency issued under the direct authority of the Government amounted to $751,544,000, a decrease of $1,318,282,000 as compared with that of 1917, while the redemptions amounted to $1,145,163,000, a decrease of $566,610,000 for like period. The net excess of redemptions over issues was $960,229,000. . . The amount of each kind of paper currency issued and redeemed during the fiscal year 1918 may be studied in the table following: United States notes. Trust-fund obligations. Total. Treasury notes of 1890. Gold certificates. Silver certificates. Outstanding June 30,1917 Issued during fiscal year 1918 Redeemed during fiscal year 1918.... Outstanding June 30,1918 Less amount held in Treasury Net amount in circulation §346,681,016 212,820,000 §1,976,000 §2,094,336,669 193,780,000 §492,860,000 344,944,000 §2,935,853,685 751,544,000 559,501,016 212,820,000 1,976,000 118,000 2,288,116,669 503,636,000 837,804,000 428,589,000 3,687,397,685 1,145,163,000 346,681,016 6,638,204 1,858,000 6,886 1,784,480,669 757,849,000 409,215,000 30,003,532 2,542,234,685 794,497,622 340,042,812 1,851,114 1,026,631,669 379,211,468 1,747,737,063 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. In explanation of the manner of issuing and redeeming gold certificates, silver certificates, 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. REPORT OF THE TREASURER OF THE UNITED STATES. 11 THE PUBLIC DEBT, 1917 AND 1918. At the close of the fiscal year 1918 the principal of the interesthearing debt was $11,985,882,436.42, an increase of $9,273,332,959.81 as compared with that of 12 months earlier. The debt bearing no interest amounted to $410,725,308.58, a decrease of $5,322,825.33. The public debt, by items, for the fiscal years 1917 and 1918 is compared in the statement following: Title of loan. Rate. When payable. Outstanding June 30, 1917. Outstanding June 30, 1918. Interest-bearing debt: Consols of 1930 Loan of 1908-1918 Loan of 1925 Panama Canal loan Do Conversion bonds 1-year Treasury notes Postal-savings bonds Certificates of indebtedness... First Liberty loan of 1917 Second Liberty loan of 1917.. Third Liberty loan of 1918.... War savings and thrift stamps Total Per cent. 2 3 4 2 3 3 3 Various. 3i 4 4i 4 After Apr. 1,1930 After Aug. 1,1908 Feb. 1, 1925 Aug. 1, 1936 June 1,1961 30 years from date of issue. 1 year from date of issue. 20 years from date of issue. Various dates June 15,1947 Nov. 15,1942 , Sept. 15, 1928 Jan. 1, 1923 $599,724,050.00 63,945,460.00 118,489,900.00 74,901,580.00 50,000,000.00 28,894,500.00 27,362,000.00 10,039,760.00 272,857,132.00 1,466,335,094.61 $599,724,050.00 63,945,460.00 118,489,900.00 74,901,580.00 50,000,000.00 28,894,500.00 19,150,000.00 11,060,700. 00 1,706,204,500.00 1,988,791,294.62 3,746,813,516.00 3,228,109,638.47 349,797,297.33 2,712,549,476.61 11,985,882,436.42 Debt bearing no interest: Matured loans On demand 14,232,230.26 53,152. 50 346,681,016.00 48,235,167.00 6,846,568.15 20,242,550.26 53,012.50 346,681,016.00 36,903,592.00 6,845,137. 82 Old demand notes do United States notes do National-bank notes do Fractional currency do Total 416,048,133.91 410,725,308.58 Aggregate 3,128,597,610.52 12,396,607,745.00 PAYMENT OF INTEREST ON THE REGISTERED BONDS OF THE UNITED STATES. The interest on registered bonds of the United States is paid by • checks prepared and mailed from the office of the Secretary of the Treasury. Such checks bear a certificate as to the principal of bonds registered in the name of the payee, over the facsimile signature of the Chief of the Division of Loans and Currency; they also bear the facsimile signature of the Secretary of the Treasury, and are countersigned by a clerk in his office. These checks are drawn- on the Treasurer of the United States, but are payable 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 Register of the Treasury for an administrative examination, who in turn forwards them to the Auditor for the Treasury Department. There were 686,827 checks drawn during the fiscal year 1918, amounting to $40,100,274.04. THE RESERVE FUND. The transactions in the reserve fund represent more truly exchanges to secure an accommodation of denominations than presentations • to obtain gold. The redemptions from the reserve fund during the fiscal year 1918 were, in United States notes, $8,285,090. The 12 REPORT OF THE TREASURER OF THE UNITED STATES. 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 1918 amounted to $5,451,694,011.34 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... Silver dollars........... Silver dollars of 1890... $1,026, 631, 669 379, 211, 468 1, 851,114 Gold certificates outstanding.................. $1, 784, 480, 669 Less amount in the Treasury....................... 757,849,000 Net.................. 1,026,631,669 Silver certificates outstanding................. 409, 215, 000 Less amount in the Treasury ..................... 30,003, 532 Net................ 379, 211,468 Treasury notes (1890) outstanding.................. 1, 858, 000 Less amount in the Treasury .................. 6, 886 Net............. 1,851,114 Total.............. 1,407, 694, 251 Total............. 1, 407, 694, 251 GOLD SETTLEMENT FUND, FEDERAL RESERVE BOARD. Gold coin and bullion......................................:.................. $1, 205, 082, 010' The items composing the general fund are subdivided; the first part shows the amount of each kind of available cash actually held m 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. The assets in the general fund in the Treasury on June 30, 1918 and the demand liabilities outstanding on that date were as follows: In Treasury offices: Gold coin........................................................ $95,262,262.46 Standard silver dollars...................................... 40,927,821.00 United States notes.......................................... 6,638,204.00 Federal reserve notes........................................ 28,319,840.00 Federal reserve bank notes................................... 186,895.00 National-bank notes.......................................... 2,045’, 480.00 Certified checks on banks.................................... 42,014.03 Subsidiary silver coin....................................... 14,878,278.45 Minor coin................................................... 3,132,800.04 Silver bullion (at cost)..................................... 13,372,347.04 Unclassified (unassorted currency, etc.)..................... 1,536,896.08 Public debt obligations paid—awaiting reimbursement.......... 1,944,354.41 --------------- $208,287,192,511 REPORT OF THE TREASURER OF THE UNITED STATES. 13 In Federal land banks.............................-....................................... In Federal reserve banks................................................. $63,817,988. 46 In transit.......................................................... 21,559,883.75 In special depositaries: Account of sales of certificates of indebtedness..................... 587,542,325.04 Liberty loan deposits................................................ 10,079,683.47 Income and excess profits tax deposits............................... 893,716,816.93 In national-bank depositaries: To credit of Treasurer of the United States .................... 42,559,384.43 To credit of other Government officers.......................... 10,935' 494.40 In transit...................................................... 24,027,493.24 In foreign depositaries: To credit of Treasurer of the United States........................................ In treasury of Philippine Islands: To credit of Treasurer of the United States........................ 580,583.20 To credit of other Government officers............................. 4,412,019.15 Deduct current liabilities: National-bank note 5 per cent fund.............................. Less notes in process of redemption......................... 1,878,975,368.08 27,951,572.12 19,103,938.63 8,847,633.49 Treasurer’s checks outstanding................................... 558,921.37 Post Office Department balances..................................... 31,378,913.29 Board of trustees, Postal Savings System balance................. 7,369,091.83 Balances to credit of postmasters, clerks of court, etc.......... 37,140,675.93 Undistributed assets of insolvent national banks...................... 910’. 631.76 Deposits for— R edemption of Federal reserve notes (5 per cent fund)....... 88,462,375.00 Redemption of Federal reserve bank notes (5 per cent fund).... 583,700.00 Retirement of additional circulating notes (act of May 30,1908).. 893,595.00 Miscellaneous redemption accounts............................ 17,900,250.20 $430,000.00 85,377,872.21 1.491,338,825.44 77,522,372.07 11,026,503.50 4,992,602.35 194,045,787.87 Balance in treasury— Held for Treasury warrants outstanding.......... To credit of disbursing officers................ Subject to warrant of the Secretary of the Treasury 1,684,929,580.21 36,606,344.79 1,024,548,716.57 623,774.518.85 ----------------- 1,684,929,.580.21 Balance in general fund subject to warrant June 30, 1917................................. 967,247,123.48 Balance in general fund subject to warrant June 30, 1918................................. 623,774,518.85 Net decrease 343,472,604.63 AVAILABLE CASH BALANCE. The available cash balance in the general fund subject to warrant at the close of the fiscal year 1918 was $623,774,518.85, a decrease of $343,472,604.63, as compared with that of 12 months earlier. This decrease is verified by the net results in all accounts of receipts and disbursements shown on previous pages of this report, which are brought together here: Available cash balance June 30, 1917..........................$967, 247,123. 48 Add: Excess of public debt receipts over dis- bursements for 1918 (see p. 10)...........$9, 268, 010,134.48 Deduct: Excess of ordinary disbursements over ordinary receipts for 1918 (see p. 7)............$4, 792, 521, 680. 29 Extraordinary disbursements for 1918 (see p. 8)................. 4,804,588,004.15 Excess of Panama Canal disbursements over receipts for 1918 (see p. 8)................. 14,373,054.67 ------------------- 9, 611, 482, 739.11 ------------------- 343,472,604.63 Available cash balance June 30, 1918..................... 623, 774,518. 85 14 REPORT OF THE TREASURER OF THE UNITED STATES. The balance in the Treasury at the end of each month from January, 1912, is stated in Table No. 70, page 70, of the appendix, and for July 1 in each year since 1910 in the statement following: Available cash balance (including the reserve fund} on the dates named. Dates. Available cash balance. Reserve fund. General fund. Total. July 1, 1910 $150,000,000.00- $106,894.675.67 $256,894,675.67 July 1', 1911 150,000,000.00 140', 176,926.13 290,176,926.13 July L 1912 150,000,000.00 167,152,478.99 317; 152', 478.99 July L 1913 150,000,000.00 165,960,984.79 315,960,984.79 July L 1914 150,000,000.00 161,612,615.53 311,612.615.53 July 1, 1915 152; 977; 036.63 104,170,105.78 257,147,142.41 July L 1916 152,979.025.63 178; 49i; 415.58 331,470,441.21 July 1', 1917 152; 979,025.63 967; 247', 123.48 1,120,226,149.11 July R 1918 152,979,025.63 623,774,518.85 776,753,544.48 GOLD IN THE TREASURY. The gold in the Treasury at the close of the fiscal year 1917 amounted to $2,325,472,035.87. By July 27, 1917, the holdings had increased to $2,339,787,896.69, after which there was a gradual decrease in the amount until the minimum holding for the year was recorded at $2,301,637,672.11 on September 8, 1917. The total gold in the Treasury at the close of the fiscal year 1918 was $2,479,954,967.09. The imports of gold during the fiscal year were $124,413,483, the exports $190,852,224, and the excess of exports $66,438,741. 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 following: Gold in the Treasury. Dates. Reserve. For certificates in circulation. Gold settlement fund, Federal Reserve Board. General fund (belonging to Treasury). Total. July 1, 1910 July 1, 1911 July 1, 1912 July 1, 1913 July 1, 1914 July 1,1915 July 1, 1916 July 1, 1917 July 1, 1918 $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 $802,754,199.00 930,367,929.00 943,435,618.00 1,003,997,709.00 1,026,149,139.00 1,135,213,619.00 1,565,400,289.00 1,584,235,909.00 1,026,631,669.00 $526,295,000.00 1,205,082,010.00 $92,411,286.24 83,533,254.56 114,028,646.22 108,363,326.87 102,962,970.70 94,769,333.55 85,114,618.20 61,962,101.24 95,927,821.00 $1,045,165,485.24 1,163,901,183.56 1,207,464,264.22 1,262,361,035.87 1,279,112,109.70 1,382,959,989.18 1,803,493,932.83 2,325,472,035.87 2,479,954,967.09 BONDS HELD AS SECURITY FOR NATIONAL BANKS. At the close of the fiscal year 1918 the Treasurer of the United States held in trust United States bonds to the amount of $690,384,-150 as security for the circulating notes of national banks, an increase of $19,051,090 as compared with that of the preceding year. The securities pledged for the safekeeping of public deposits in the depositary banks amounted to $50,344,700. The kinds of bonds in the custody of the Treasurer and the changes therein during the fiscal year 1918 are recorded in the statements following: REPORT OF THE TREASURER OF THE UNITED STATES. 15 w. Bonds held for national banks, close of June, 1917 and 1918, and changes during 1918 • Kind of bonds. Rate. Held June 30, 1917. Transactions during 1918. Held June 30,1918. Deposited. Withdrawn. TO SECURE CIRCULATION. United States loan of 1925. United States loan of 1908-1918 United States consols of 1930 United States Panama, 1936 United States Panama, 1938 Total TO SECURE PUBLIC DEPOSITS. Held by the Treasurer of the United States: United States third Liberty loan United States loan of 1925 United States second Liberty loan.... United States convertible loan of 1932-1947 United States certificates of indebted-a ness " United States first Liberty loan United States loan of 1908-1918 United States Panama, 1961 United States conversions of 1946 United States consols of 1930 United States Panama, 1936.. United States Panama, 1938 Federal land bank farm loans Philippine loans Porto Rico loans. District of Columbia Territory of Hawaii Philippine Railway Manila Railway Miscellaneous Total ; Per cent. 4 3 2 2 2 4i 4 4 4 3J 3 3 3 2 2 2 (l) 4 4 3.65 0) 4 4 (9 $29,871,200 16,386,600 553,713,600 46,558,820 24,802,840 $16,224,200 3,639,720 24,809,500 3,333,560 965,780 $2,269,800 3,554,300 20,584,750 2,593,320 919,500 $43,825,600 16,472,020 557,938,350 47,299,060 24,849,120 671,333,060 48,972,760 29,921,670 690,384,150 2,302,100 546,000 3,335,700 10,786,000 735,000 8,927,650 812,500 382,000 4,142,000 1,250,000 355,000 1,022,000 196,000 10,000 8,222,400 2,188,050 135,000 7,004,750 1,641,700 1,275,000 3,666,950 78,500 531,500 132,000 25,000 285,000 438,000 60,000 103,000 75,000 2,641,000 2,000 914,600 300,000 110,000 1,786,000 1,656,500 547,200 847,500 1,698,300 231,500 26,000 55,000 438,000 162,000 128,000 15,000 4,072,500 2,186,050 1,522,500 ■6,704,750 1,531,700 35,000 2,010,450 2,867,000 10,470,000 735,000 7,361,350 611,000 381,000 230,000 4,142,000 1,148,000 330,000 1,082,000 196,000 10,000 6.790,900 43,054,350 20,280,450 • 12,990,100 50,344,700 1 Various. BONDS HELD TO SECURE CIRCULATION ISSUED BY FEDERAL RESERVE BANKS. Bonds held for Federal reserve banks, close of June, 1917 and 1918, and changes during 1918. Kind of bonds. Held June 30, 1917. Transactions during 1918. Held June 30, 1918. Deposited. Withdrawn. United States loan of 1925 $825,000 $825,000 United States 1-year Treasury notes $2,874,000 2,874’ 000 United States consols of 1930 8,957,500 5,179,750 14,137,250 United States Panama. 1936 62,500 242’ 000 304,500 United States Panama, 1938 155,'000 ' 1,000 156;000 Total 10,000,000 8,296,750 18,296,750 BONDS HELD AS SECURITY . FOR POSTAL-SAVINGS FUNDS. At the close of the fiscal year 1918 the Treasurer of the United States held in trust, under the provisions of the act of June 25, 1910, bonds and securities amounting to $189,842,746.26 as security for postal-savings funds deposited in designated depositaries. 16 REPORT OF THE TREASURER OF THE UNITED STATES. Bonds held as security for ■postal-savings funds, close of June, 1911 and 1918, and changes during 1918. Kind of bonds. Rate. Held June 30, 1917. Transactions during 1918. Held June 30, 1918. Deposited. Withdrawn. United States third Liberty loan... United States loan of 1925 United States second Liberty loan.. United States 4% convertible loan of 1932 47 Per ct. 41 4 4 4 31 (9 3 3 3 21 2 2 2 4 4 3.65 (9 (9 (9 (9 (9 5 (9 $743,900.00 1,766,500.00 55,000.00 10,370,550.00 3,349,200.00 12,978,600.00 2,520,000.00 11,000.00 224,500.00 1,000.00 203,000.00 1,980,950.00 203,700.00 5,891,200.00 4,533,000.00 81,800.00 1,88,500.00 1,766,500.00 595,900.00 8,389,600. CO 3,145,500.00 7,087,400.00 62,000.00 847,220.00 3,464,600.00 319,000.00 1,000.00 1,080,600.00 130,500.00 64,500.00 4,352,000.00 2,044,00 91,500.00 1,535,600.00 27,605,350.00 90,454,091.71 8,712,155.55 397,000. 00 1,000.00 17,695,729.00 United States first Liberty loan United States certificates of indebt-edness. • United States loan of 1908-1918 United States Panama, 1961 United States conversions, 1946 United States postal savings 2,075,000.00 918,020.00 3,428,600.00 318,000.00 1,000.00 1,032,100.00 130,500.00 68,500.00 4,356,000.00 2,076,000.00 91,500.00 1,610,300.00 26,475,250.00 91,334,574.37 17,902,676.75 17,375,824.00 United States consols of 1930 United States Panama, 1936 50,000.00 51,500.00 United States Panama^ 1938 Philippine loans Porto Rico loans District of Columbia Territory of Hawaii State loans Municipal loans County loans . Federal land bank farm loans Federal land bank joint stock Miscellaneous Total 183,000.00 94,000.00 5,000.00 75,300.00 4,968,100.00 12,562,599.00 2,672,616.80 407,000.00 1,000.00 1,896,500.00 4,000 00 187,000.00 126,000.00 5,000.00 150,000. 00 3,838,000.00 13,443,081.66 1,863,138.00 10,000.00 1,576,595.00 169,987,745.12 54,191,465.80 34,336,464.66 189,842,746.26 1 Various. The board of trustees of the Postal Savings System will accept as security for postal, savings deposits, at the respective values herein fixed, negotiable interest-bearing bonds or securities of the following classes, viz: (a) Bonds and interest-bearing certificates of indebtedness of the United States, bonds of the Philippine Islands, of the District of 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. (6) Bonds of any State of the United States and of the Territory of 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 any city in the United States having a population of over 30,000, as shown by the latest annual report of the Bureau of Census, entitled “Official Statistics of Cities having a Population of over Thirty Thousand/’ 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 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 REPORT OF THE TREASURER OF THE UNITED STATES. 17 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 property within the territorial limits of such political divisions. The term 11 net funded indebtedness,” for 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 property 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 payable 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 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 further, That this regulation shall not apply to obliga-• tions of the United States Government. 87013—18—2 18 REPORT OF THE TREASURER OF THE UNITED STATES. Bonds which in all other respects are found to be legally acceptable as security under the postal savings act, and these regulations will be construed, as a matter of law, to conform to those provisions of section 8, paragraphs (c) and (d), respectively, which relate to term of existence and nondefault, 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: JLtwZ 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 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 funded debt 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, have arranged to take over at par any of the postal-savings bonds that depositors may wish to turn back. REPORT OF THE TREASURER OF THE UNITED STATES. 19 The first investment in these bonds was made on December 9, 1911, when they were quoted in the open market at 92| 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 1918 the Treasurer of the United States held $3,963,440 of such bonds, which are registered in the name of the board of trustees. WITHDRAWAL OF BONDS TO SECURE CIRCULATION. Under the provisions of section 18 of the Federal Reserve Act 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. 30,1917............................................................... Dec. 31, 1917.......................................................?....... Mar. 31, 1918............................................................... June 30, 1918............................................................... 9 $462,500 9 841,250 7 5,291,250 3 85,425,000 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. The deposits on the several accounts for the redemption of nationalbank notes during the fiscal year 1918 may be studied from the statement following. Money deposited in the Treasury each month of the fiscal year 1918 for the redemption of notes of national banks failed, in liquidation, and reducing circulation: also the amount of national-bank notes outstanding. Months. Retirement account. National-bank notes outstanding. Insolvent and liquidating. Reducing. National banks. Federal reserve banks. 1917. July $299,845.00 216,460.00 172,397.50 218,497.50 303,600.00 333,670.00 349,600.00 663,250.00 288,600.00 858,600.00 105,145.00 351,097.50 $49,995.00 100,000.00 239,800.00 24,997.50 45,000.00 280,197.50 1,187,700.00 987,200.00 177,490.00 235,850.00 890,097.50 1,872,000.00 $728,483,362 730,346,605 729,010,242 729,246,800 729,895,430 731,817,795 730,166,700 730,060,740 732,581,552 734,031,132 737,668,675 739,649,485 August September October November December 1918. January February March April . May June Total 4,160,762.50 6,090,327.50 20 REPORT OF THE TREASURER OF THE UNITED STATES. 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. The regular depositaries receive and disburse the public moneys, while the special depositaries hold only the. moneys transferred to them from the Treasury. 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 depositaries at the close of the fiscal years 1917 and 1918 are here stated: Depositaries June 30,1917. Depositaries June 30, 1918. Regular. Special. Total. 765 2,624 3,389 781 7,169 7,950 PUBLIC MONEYS IN DEPOSITARY BANKS. At the close of the fiscal year 1917 the depositary banks held public moneys as follows: Federal reserve banks, $299,871,632.42; national banks, $39,395,650.24; and special depositaries on loan account, $783,922,759.51; making a total of $1,123,190,042.17. During the first quarter of the fiscal year heavy disbursements are made in providing for the new activities of the Government and the growing necessities of the public service. The Federal reserve banks are the principal financial agents in effecting the sale of bonds and notwithstanding the large receipts during the quarter through these banks on that account the balances in the depositary banks were largely reduced by the close of September, 1917, and were as follows: Federal reserve banks, $54,830,530.09; national banks, $42,835,-487.52; and special depositaries on loan account, $405,296,165.32; making a total of $502,962,182.93. The public moneys handled by depositary banks during the month of June is much greater in amount than in other months of the year, owing to the provisions of law relating to the payment of the corporation excise tax, the income tax, etc. On the last day of the fiscal year the collectors of internal revenue received payments of these taxes until a late hour, and as a result the collections were deposited in the depositary banks, in many instances after banking hours. At the close of the month of June, 1918, the depositary banks held public moneys as follows: REPORT OF THE TREASURER OF THE UNITED STATES. 21 In Federal land banks............................................ $430,000. 00 In Federal reserve banks......................................... 63,817, 988. 46 In special depositaries.......................................... 1,491,338,825. 44 In national banks................................................ 53,494,878. 83 In foreign depositaries.........................................- Uj 026, 503. 50 In Treasury of Philippine Islands................................ 4, 992, 602. 35 Total........................................................ 1, 625,100, 798. 58 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 acknowledgement 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 sub treasury 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 public moneys in any subtreasury, mint, or other depositary are subject to special examination and count whenever it is deemed advisable by the Secretary of the Treasury. Such examinations of the moneys in the subtreasuries are frequently made by committees representing the Secretary and the Treasurer. Annual examinations of the public moneys in mints are made by committees selected by * the Director of the Mint, but as these moneys are a part of the general account, it is suggested that the Treasurer of the United States should have a representative on all such committees. GOLD SETTLEMENT FUND, FEDERAL RESERVE BOARD. The transactions in the gold settlement fund during the fiscal year 1918 are set forth in the statement following: Balance to the credit of the gold settlement fund June 30,1917. Fiscal year 1918. Balance to the credit of the gold settle-ment fund June 30,1918. Deposits. Withdrawals. $526,295,000 $1,045,923,813 $367,136,803 $1,205,082,010 22 REPORT OF THE TREASURER OF THE UNITED STATES. MONETARY STOCK. During the fiscal year 1918 the monetary stock of the country took on a growth of $1,333,082,268, and amounted to $6,741,072,294 at the close of the year. The increase in gold was $$6,642,275; in subsidiary silver coin $33,581,861; in Federal reserve notes $1,300,172,-485; in Federal reserve bank notes $2,653,755; and in national-bank notes $8,785,475, while the standard silver dollars decreased $68,753,-583. 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, 1917 and 1918: Kinds. In Treasury, mints, and Federal reserve banks. In circulation. Total stock. June 30,1917: Gold coin and bullion 1,983,057,036 496,444,138 4,422,622 1,036,089,527 71,825,375 .193,852,097 3,019,146,563 568,269,513 198,274,719 Silver dollars Subsidiary silver Total metallic 2,483,923,796 1,301,766,999 3,785,690,795 United States notes 10,719,778 2,995,185 96,455 17,971,459 335,961,238 544,412,775 12,693,790 697,448,551 346,681,016 547,407,960 12,790,245 715,420,010 Federal reserve notes Federal reserve bank notes National-bank notes Total notes 31,782,877 1,590,516,354 1,622,299,231 Aggregate metallic and notes 2,515,706,673 2,892,283,353 5,407,990,026 Gold certificates 702,199,310 15,675,158 5,922 1,392,137,359 477,184,842 1,970,078 Silver certificates Treasury notes of 1890 - Total certificates and notes 717,880,390 1,871,292,279 Aggregate 4,763,575,632 5,407,990,026 Juno 30, 1918: Gold coin and bullion 1,961,711,412 421,990,403 14,878,278 1,114,077,426 77,525,527 216,978,302 3,075,788,838 499,515,930 231,856,580 Silver dollars Subsidiary silver Total metallic 2,398,580,093 1,408,581,255 3,807,161,348 4 United States notes 6,638,204 134,506,190 186,895 21,149,419 340,042,812 1,713,074,255 15,257,105 703,056,066 346,681,016 1,847,580,445 15,444,000 724,205,485 Federal reserve notes Federal reserve bank notes National-bank notes Total notes 162,480,708 2,771,430,238 2,933,910,946 Aggregate metallic and notes 2,561,060,801 4,180,011,493 6,741,072,294 Gold certificates 966,127,320 30,003,532 6,886 818,353,349 379,211,468 1,851,114 Silver certificates Treasury notes of 1890 Total certificates and notes..................... 996,137,738 1,199,415,931 Aggregate 5,379,427,424 6,741,072,294 RATIO OF GOLD TO TOTAL STOCK OF MONEY. The percentage of gold, coin and bullion to the total stock of money since July 1, 1910, may be studied from the statement following: REPORT OF THE TREASURER OF THE UNITED STATES. 23 Ratio of gold to total stock of money from July 1, 1910. [From revised statements of the Treasury Department.] Dates. Total stock of money. Gold. Per cent. July 1,1910 $3,419,591,483 $1,636,043,478 47.85 July 1', 1911 3,555,958,977 1,753, 196J722 49.30 July 1,1912 3,648,870,650 1,818,188,417 49.82 July 1' 1913 ' 3,720,070,016 1,870,761,835 50.28 July 1,1914 3,738,288,871 1,890,656,791 50.57 3,989,456,186 1,985,539,172 49.76 July 1,1916 4,482,859,133 2,449,706,205 54. 64 July 1, 1917 5,407,990,026 3,019,146,563 55.77 July 1,1918 6,741,072,294 3,075,788,838 45.60 MONEY IN CIRCULATION. ' The money in circulation at the close of the fiscal year 1918 amounted to $5,379,427,424, an increase of $615, 851, 792 as compared with that of 12 months earlier. There was an increase in the gold and silver coins of $106,814,256; in notes of $1,180,913,884, while the., certificates and Treasury notes of 1890 decreased $67 i,876,348. 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 following table: Money in circulation at the end of each fiscal year from 1910. Fiscal years. Money in circulation. Circulation per capita. Percentage of gold com 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^ 467 342,226,378 687,701,283 664,411,468 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 li 637,693j 820 340,273,410 715,180,037 708,868,160 3,402,015,427 34.35 48.14 1915 i; 662; 981,438 414,961,583 785,393,047 705,883,506 3,569,219,574 35.44 46.59 1916 2;o5i;o72;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 i Including Federal reserve bank notes. CIRCULATION AND POPULATION. The annexed statement will repay perusal. It presents for nine 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. 24 REPORT OF THE TREASURER OF THE UNITED1 STATES. Increase in population and in circulation per capita. Fiscal years. 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 •_ 3'363'738349 97,337,000 34. 56 1 7 * 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 i 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. Congress by act of April 23, 1918, authorized the Secretary of the Treasury to melt or break up and sell as bullion standard silver dollars held in the Treasury, and to retire silver certificates outstanding against such standard silver dollars at the rate of SI face amount of such certificates for each standard silver dollar so melted or broken up. Provision was made for the use of Federal reserve bank notes to take the place of the silver certificates temporarily retired, thus preventing a contraction of the currency. The amounts of each kind of United States paper currency issued and redeemed, by denominations, during the fiscal year 1918 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 8450,000,000 and the highest amount outstanding at any time was $449,338,902 on January 30, 1864. Under the operations of enactments by Congress authorizing the canceling and retiring of these notes as they were received in the Treasury, the amount outstanding had been reduced more than $100,000,000 when the process was finally 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 REPORT OF THE TREASURER OF THE UNITED STATES. 25 been redeemed in gold under the provisions of the act of January 15, 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 shall not be paid out again until exchanged for gold, and under this act $542,300,128 of the notes have been redeemed in and exchanged for gold, making a total of $1,088,766,542 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 1918 are stated here: Denominations. Outstanding June 30,1917. Fiscal year 1918. Outstanding June 30,1918. Issued. Redeemed. One dollar $11,712,299 $37,828,000 $12,405,818 837,134,481 Two dollars 10,261,834 37,352,000 12,604,492 35,009,342 Ki vp, dollars 227,647,300 119,280,000 144,739,815 202,187,485 Ton dollars 67,057,196 10,080,000 28,044,545 49,092,651 Twenty dollars n; 821,912 1.680,000 3,091,230. 10,410,682 Fifty dollars 1,454,075 227,000 1,227,075 One hundred dollars 2,268,900 800,000 1,066,100 2,002,800 Five hundred dollars 2,342,500 3,500,000 4,333,000 1,509,500 One thousand dollars 13,105,000 2,300,000 6,308,000 9,097,000 10,000 10,000 Total 347, 681,016 212,820,000 212,820,000 347,681,016 1,000,000 1,000,000 Net 346,681,016 212,820,000 212,820,000 346,681,016 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. The amount of Treasury notes redeemed in gold up to the close of the fiscal year 1918 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 $84,801,867 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, 1918, but $1,858,000, 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 studied in Table No. 19 on page 73 of this report. 26 REPORT OF THE TREASURER OF THE UNITED STATES. GOLD CERTIFICATES. The transactions in this currency during the fiscal year 1918 are recorded by denominations in the table following: Denominations. Outstanding June 30, 1917. Fiscal year 1918. Outstanding June 30, 1918. Issued. Redeemed. Ten dollars $438,189,040 $42,960,000 $146,970,125 $334,178.915 Twenty dollars 331'053^524 25; 040; 000 109; 803; 350 246;290,174 Fifty dollars 80'232'705 5; 800; 000 12,872,525 73,160,180 One hundred dollars 112,433,400 4; 400', 000 13,479,000 103,354,400 Five hundred dollars 29' 872' 500 '350,000 2; 909', 000 27;313;500 One thousand dollars 129; 890; 500 10,600,000 8,667,000 131,823,500 Five thousand dollars 142; 985; 000 '500;000 '835; 000 142', 650; 000 Ten thousand dollars 829,680,000 104,130,000 208,100,.000 725,710,000 Total 2,094,336,669 193,780,000 503,636,000 1,784,480,669 Less amount held in the Treasury 510,100,760 '757; 849; 000 Net 1,584,235,909 1,026,631,669 SILVER CERTIFICATES. In previous years the larger part of the small denominations required in circulation was issued in 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 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, which authorizes 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 now or hereafter held in the Treasury, will necessarily reduce the volume of silver certificates. The total amount of silver certificates outstanding, by denominations, at the close of the fiscal years 1917 and .1918 may be studied in the statement following: Denominations. Outstanding June 30, 1917. Fiscal y Issued. ear 1918. Redeemed. Outstanding June 30,1918. One dollar Two dollars Five dollars ■. Ten dollars Twenty dollars Fifty dollars $215,102,904 63,564,563 176,129,072 • 9,501,851 18,681,680 9,561,410 286,520 16,000 16,000 $231,568,000 46,496,000 58,240,000 8,480,000 160,000 $227,957,168 59,328,792 128,675,105 4,979,930 5,373,030 2,254,175 20,300 500 $218,713,736 50,731,771 105,693,967 13,001,921 13,468,650 7,307,235 266,220 15,500 16,000 One hundred dollars Five hundred dollars One thousand dollars 1 Total Less amount held in the Treasury 492,860,000 15,675,158 344,944,000 428,589,000 409,215,000 30,003,532 Net 477,184,842 379,211,468 REPORT OF THE TREASURER OF THE UNITED STATES. 27 CHANGES IN DENOMINATIONS. Activity in. the movement of notes from and to the Treasury varies with the seasons. From the first of August to the close of December they go out in the largest volume for the handling of the crops, and in that period, in order to secure small bills, large denominations are freely sent in for redemption. Then from January to July the smaller notes which flow into the banks in excess of their immediate needs are returned for redemption generally accompanied with a request for larger denominations in return. The changes effected in the total amount of United States paper currency of each denomination outstanding at the close of the fiscal year 1918 may be studied from the comparative statement following: Denominations. Outstanding June 30, 1917. Fiscal year 1918. Outstanding Issued. Redeemed. June 30,1918. 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 $227,157,001 74,036,909 404,255,292 515,277,637 361,793,786 91,257,740 115,085,820 32,231,000 143,083,500 142,985,000 829,690,000 $269,396,000 83,848,000 177,520,000 61,520,000 26,880,000 5,800,000 5,200,000 3,850,000 12,900,000 500,000 104,130,000 $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 $256,179,321 85,948,276 308,338,335 396,757,657 270,387,636 81,703,640 105,711,820 28,838,500 140,999,500 142,650,000 725,720,000 Total 2,936,853,685 1,000,000 751,544,000 1,145,163,000 2,543,234,685 1,000,000 Net 2,935,853,685 751,544,000 1,145,163,000 2,542,234,685 It will be observed in the foregoing statement that the denominations of $1 and $2 bills have been increased in amount outstanding during the fiscal year, while all other denominations outstanding have been decreased, owing to the retirement of the gold and silver certificates. PIECES OF UNITED STATES PAPER CURRENCY OUTSTANDING. The number of pieces of United States paper currency outstanding at the close of each month for the fiscal years 1917 and 1918 may be studied from the comparative statement following: Months. Fiscal year 1917 outstanding. Fiscal year 1918 outstanding. Number of pieces. Total value. Number of pieces. Total value. July 384,092,692 387,198,591 391,853,934 396,389,537 401,330,934 408,841,750 404,121,436 404,592,353 407,013,139 412,382,336 416,645,263 417,938,931 $2,593,580,685 2,632,894,685 2,697,328,685 2,750,504,685 2,842,204,685 2,899,959,685 3,025,893,685 3,067,303,685 3,152,082,685 3,296,160,685 3,318,707,685 2,935,273,685 417,472,217 417,961,053 421,667,367 427,661,156 432,874,863 435,616,716 432,375,189 428,244.278 425,643,173 424,125,225 419,851,565 417,007,241 $2,894,090,685 2,900,652,685 2,891,283,685 2,893,338,685 2,868,543,685 2,810.347,685 2,770,193,685 2,745,780,685 2,718,367,685 2,682,763,685 2,624,411,685 2,543,234,685 August September October November December January February March April Mav June 28 REPORT OF THE TREASURER OF THE UNITED STATES. PAPER CURRENCY, BY DENOMINATIONS, OUTSTANDING JUNE 30, 1918. The kinds of paper currency and the amount of each denomination outstanding may be studied from the monthly statement for June, 1918. Denominations. United States notes. Treasury notes of 1890. Federal reserve notes. Federal reserve bank notes. 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 $37,134,480 35,009,343 202,187,485 49,092,651 10,410,682 1,227,075 2,002,800 1,509.500 9,097,000 10,000 $331,105 207,162 456,883 484,170 218,130 9,150 88,400 63,000 $274,094,555 612,456,580 584,168,160 224,320,350 152,540,800 $6,776,650 5,091,670 3,716,680 Total Deduct: Unknown, destroyed Held in Treasury Held by federal reserve banks Held by federal reserve agents Redeemed but not assorted by denominations 347,681,016 1,000,000 6,744,783 1,858,000 6,870 1,847,580,445 29,982,400 106,186,350 15,585,000 100,025 141,000 Net 339,936,233 1,851,130 1,711,411,695 15,343,975 Denominations. National bank notes. Gold certificates. Silver certificates. Total. 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 Fractional parts $342,072 163,392 115,486,485 295,646,020 248,931,380 30,250,750 34,661,200 88,000 21,000 57,606 $334,178,915 246,290,174 73,160,180 103,35’4,400 27,313,500 131,823,500 142,650,000 725,710,000 $218,713,736 50,731,771 105,693,967 13,001,921 13,468,650 7,307,235 266,220 15,500 16,000 $256,521,393 86,111,668 704,696,025 1,307,951,927 1,107,203,856 336,274,740 292,913,820 28,926,500 141,020,500 142,650,000 725,720,000 57,606 Total Deduct: Unknown, destroyed Held in Treasury - Held by federal reserve banks Held by federal reserve agents Redeemed but not assorted by denominations 725,647,905 20,068,477 1,442,420 1,784,480,669 747,970,605 208,278,320 409,215,000 27,408,224 5,132,048,035 1,000,000 832,281,384 106,186,350 208,278,320 1,583,420 Net 704,137,008 828,231,744 381,806,776 3,982,718,561 RATIO OF SMALL DENOMINATIONS TO ALL PAPER CURRENCY. The ratio of denominations of $10 and less to the total paper currency, by fiscal years since 1910, is recorded in the statement following: Dates, Total paper currency. Denominations of $10 and less. $1 $2 $5 $10 Total. Per cent. Per cent. Percent. Per cent. Percent. July 1, 1910 2,419,600,310 5.93 2.54 20.62 26.53 55.62 July L 19U 2,538,656,263 6.02 2.45 20.39 26.28 55.16 July 1, 1912 2,619' 224,' 099 6.25 2.46 20.55 ' 26.33 ' 55.65 July 1, 1913 2,681' 085' 911 6.76 2.53 20.82 27.15 57. 28 July 1, 1914 2,674,792,964 6.81 2. 45 20.56 27.28 57.11 July 1', 1915 2' 967^ 299' 808 ' 5.97 2.07 18.69 24.63 51.38 July 1, 1916 3,509' 208' 565 5.86 1.92 17. 09 22.73 47.62 July 1,1917 4,212,422,700 5. 40 1.76 15.15 23.79 46.11 July 1', 1918 5,132,048,035 4.99 1. 67 13.73 25.48 45.89 REPORT OF THE TREASURER OF THE UNITED STATES. 29 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 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 1917 and 1918 may be studied from the details set forth in the subjoined statement: Total expense of issue and redemption. Fiscal years. Number of pieces. Cost per 1,000 pieces. Total cost. 1917. Issued 390,016,642 354,926,184 $13,125 2.135 $5,118,968.43 757,767.40 Redeemed Total 5,876,735.83 1918. Issued 354,519,271 355,450,960 13.125 2.135 4,653,065.43 758,'887.80 Redeemed Total 5,411,953.23 United States paper currency outstanding and cost of maintenance. Fiscal years. Amount outstanding. Cost of maintenance. Amount. Per cent. 1917 $2,934,273,685 2,542,234,685 $5,876,735.83 5,411,953.23 0.200 .212 1918 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 may be studied in the table following . 30 REPORT OF THE TREASURER OF THE UNITED STATES. Estimated length of service of paper currency. Denominations. United States notes. Treasury notes. Gold certificates. Silver certificates. National -bank notes. One dollar 2.70 1.77 0.99 4.50 Two dollars 2.79 1.89 1.16 4.56 Five dollars 2,48 2.98 1.85 2.45 Ten dollars 3.55 3.75 2.02 3.33 2.31 Twenty dollars ; 5.90 4.03 3.27 3.84 2.76 Fifty dollars 6.15 3.77 3.79 2.76 3.33 One hundred dollars 6.14 3.66 3.81 2.80 3.69 Five hundred dollars 3.77 3.78 1.88 5.13 One thousand dollars 4.17 1.92 3.44 1.41 3.33 Five thousand dollars * .32 2.39 Ten thousand dollars .16 1.46 All denominations 2.90 2.23 2.50 1.19 2.51 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. The pieces of United States paper currency outstanding at the close of the fiscal year 1918 numbered 417,007,241 of the total value of $2,543,234,685. 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. It is 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 years. 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 $809,579,600 $3.441 240,990,922 $767,115,600 $3.183 1911 268' 450' 000 957^744'000 3.567 267' 267' 921 913' 540' 000 3,418 1912 301' 302' 000 990' 096' 000 3.286 290' 809' 347 916' 852' 000 3.152 1913 307188' 000 903' 716' 000 2.941 318^ 264' 407 1,035' 462' 000 3,253 1914 294' 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 REPORT OF THE TREASURER OF THE UNITED STATES. 31 The number of pieces and amount issued monthly for the fiscal years 1917 and 1918 are set out in the subjoined table: United States paper currency issued during the fiscal years 1917 and 1918. Months. Fiscal year 1917. Fiscal year 1918. 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 .. 28,515,633 32,994,062 32,718,922 82,532,021 8134,150,000 120,724,000 145,852,000 136,358,000 84. 704 3.658 32,563,830 32,074,183 29,371,901 $97,584,000 121,766,000 $2.996 3.796 August September 4.457 84' 426' 000 2. 874 October 4.191 32,913,572 32,874,559 28,960,415 28,779,533 25,177,071 29,420,000 76,342,000 59,226,000 49,830,000 54,586,000 2.319 November 31,084,109 33,318,934 30,537,605 31,307,350 180,390,000 154,652,000 238,966,000 137,056,000 5.803 1.801 December 4.641 1.720 January 7.825 1.861 February 4.377 45,874,000 1.822 March. / 36,897,946 32,468,373 34,802,133 32,839,554 204,396,000 5.539 48,952,000 48,170,000 34,596,000 1.663 April 240,326,000 150,170,000 225,316,000 7.401 30,024,107 25,388,100 1.604 May 4.314 1.362 June 6.861 26,972,000 31,772,000 1.177 Total 390,016,642 8.7 2,068,356,000 36.9 5.303 354,519,271 i 9.1 753,124,000 i 63.5 2.125 Per cent of increase over preceding year 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 1918 numbered 24,907,191, a net decrease of 1,996,271 pieces as compared with like holdings at the close of 1917. A comparison by number of pieces of each denomination and total value of the United States paper currency held in the reserve vault at the close of the fiscal years 1917 and 1918 may be studied in the statement following: Denominations. Held June 30,1917. Held June 30,1918. Number of pieces. Total value. Number of pieces. Total value. One dollar 11,240,000 $11,240,000 6,972,000 $6,972,000 Two dollars 3,904,000 7,808,000 4,020,000 8,040,000 Five dollars 5,364,000 26,820,000 7,012,000 35,060,000 Ten dollars 3,416,000 34; 160j000 3,240,000 32,400,000 Twenty dollars 1,396,000 27', 920; 000 2,240,000 44,800,000 Fifty dollars 876,000 43,800,000 760,000 38; 000; 000 One hundred dollars 472,000 4712001000 420j000 42,000,000 Five hundred dollars.................. 56,200 28,100,000 48j 500 24',250;000 One thousand dollars t 521300 52,300,000 39; 400 39,400,000 Five thousand dollars 23,800 119,000,000 23; 700 118,500,000 Ten thousand dollars 43,900 439,000,000 431700 437,000,000 Order gold certificates 59; 262 592',620;000 87,891 878; 910; 000 Total ; 26,903,462 1,429,968,000 24,907,191 1,705,332,000 REDEMPTIONS OF PAPER CURRENCY. There were 355,450,960 pieces of United States paper currency redeemed during the fiscal year 1918, an increase of 524,776 pieces as compared with those of the preceding fiscal year. The pieces 32 REPORT OF THE TREASURER OF THE UNITED STATES. redeemed were 931,689 more than those issued, and the amount was $392,039,000 more than the amount issued during the year. A comparison, by months, for the fiscal years 1917 and 1918 may be|observed in the annexed table: United States paper currency reedeemed during the fiscal years 1917 and 1918. Fiscal year 1917. Fiscal year 1918. Months. 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 27,271,414 29,888,163 28,068,580 27,996,417 26,142,730 25,808,456 35,257,562 30,836,433 34,477,163 27,099,174 30,539,206 31,545,886 3119,260,000 81,410,000 81,418,000 83,182,000 88,690,000 96,897,000 113,032,000 95,646,000 119,617,000 96,248,000 127,623,000 608,750,000 *34.373 2. 723 33,030,545 31,585,368 25,665,565 26,919,785 27,660,851 26,218,562 32,022,061 8138,767.000 115,204,000 93,795,000 74,287,000 84,021,000 105,026,000 97,740,000 70,287,000 76,365,000 83,774,000 92,948,000 112,949,000 84.201 3.647 3.054 2.759 August September 2.901 October 2.971 November 3.392 3.037 4.005 3.052 2.398 2.384 December. - -. 3.754 3.205 January February . L. 3.101 29; 306/181 32,021,104 March 3.469 April 3.551 31,542,055 29,661,760 29,816,323 2.655 May 4.015 3.133 June 19.297 3.788 Total 354,926,184 14.3 1,711,773,000 72.3 4.822 355,450,960 0.1 1,145,163,000 133.1 3.221 Per cent of increase over preceding year 1 Decrease. STANDARD SILVER DOLLARS. At the beginning of the fiscal year 1918 the stock of standard silver dollars in the United States was $568,269,513. During the fiscal year the Secretary of the Treasury was authorized to melt or break up and sell as bullion not in excess of three hundred and fifty million standard silver dollars held in the Treasury of the United States, under provisions of the following act 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 Bouse of Representatives of the United States of America in Congress assembled, That 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 REPORT OF THE TREASURER OF THE UNITED STATES. 33 net amount of silver so purchased, after making allowance for all resales, shall not exceed at any one time the amount needed to coin an aggregate number of standard silver dollars equal to the aggregate number of standrad 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 (6) 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. 87013—18------3 34 REPORT OF THE TREASURER OF THE UNITED STATES. Operations under the foregoing act during the fiscal year 1918 resulted in the melting or breaking up of 68,753,583 standard silver dollars which were sold as bullion, thus reducing temporarily the general stock of silver dollars in the country to $499,515,930, of which $77,525,527 were in circulation and $421,990,403 were held in the Treasury, against which Treasury notes and silver certificates to the amount of $381,062,582 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. In recent years such shipments have averaged about $12,800,000 annually, 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 1918 was $231,856,580, of which $216,978,302 was in circulation and $14,878,278 was held in the Treasury. Such coins are shipped to depositors therefor at the expense of the consignee for transportation charges, and the shipments have averaged about $22,000,000 annually. 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 COIN. The minor coins are not included in the stated stock of money in the United States, though in circulation in every section of the country. The current minor coins are the bronze 1-cent pieces and the nickle 5-cent pieces. These coins 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 exchange for other kinds of money. They 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 amount of each denomination of minor coin outstanding at the close of the fiscal years 1917 and 1918 is shown in the statement following: Denominations. Outstanding June 30, 1917. Fiscal year 1918. Outstanding June 30, 1918. Coined. Remelted. Copper cents $1,181,237.38 $209.97 $1,181,027.41 Copper half cents 39^ 926.11 30,926.11 Copper nickel cents 1,201,816.61 240.73 1,201,575.88 Bronze 1-cent pieces 25'981'361.71 $4,456,282.01 23,161.78 30'414'481.94 Bronze 2-cent pieces '570'642.72 275.00 570,367.72 Nickel 3-cent pieces 656,101.85 214.20 655,887.65 Nickel 5-cent pieces 43,706,909.57 4,136,163.90 111,918.20 47,731', 155.27 Total 73,337,995.95 8,592,445.91 136,019.88 81,794,421.98 REPORT OF THE TREASURER OF THE UNITED STATES, 35 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 other subtreasury offices, for moving the crops or to meet other demands of business, are in every year considerable in magnitude. The Treasury renders such assistance, though limited in resources, when the payments can be made without detriment to the public interest. The record of such deposits in New York, by calendar years, and the resultant payments at the several sub treasuries from 1913 to June 30, 1918, may be observed in the statement following: Transactions. 1913—Receipts.......................... Paid by the Treasurer and assistant treasurers of the United States: Washington...'................... Chicago............................ Cincinnati....................... New Orleans........................ San Francisco.................... Total.......................... 1914—Receipts.......................... Paid by the Treasurer and assistant treasurers of the United States: New Orleans...................... San Francisco.................... Total.......................... 1915—Receipts........................ Paid by the Treasurer and assistant treasurers of the United States: New Orleans...................... San Francisco.................... Total.......................... 1916—Receipts........................ Paid by the Treasurer and assistant treasurers of the United States: New Orleans...................... San Francisco.................... Cincinnati....................... Total.......................... 1917—Receipts........................ Paid by the Treasurer and assistant treasurers of the United States: New Orleans...................... San Francisco.................... Cincinnati....................... Total.......................... Gold coin and certificates. United States notes. Silver dollars and certificates. Total. $13,818,958.33 $13,818,958.33 105,000.00 100,000.00 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 13,818,958.33 13,818,958.33 14,863,000.00 14,863,000.00 4,310,000.00 10,553,000.00 4,310,000.00 10,553,000.00 14,863,000.00 14,863,000.00 8,349,140.90 8,349,140.90 6,990,000.00 1,359,140.90 6,990,000.00 1,359,140.90 8,349,140.90 8,349,140.90 41,328,754.30 41,328,754.30 10,825,000.00 28,453,754.30 2,050,000.00 ,10,825,000.00 28,453,754.30 2,050,000.00 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 50,000.00 137,134,936.88 137,134,936.88 Note.—There were no deposits in the calendar year 1918 (to July I)- TELEGRAPHIC TRANSFERS FOR PROCEEDS OF FOREIGN COIN. In order to facilitate payments for the proceeds of imported gold coin and bullion the department deemed it advisable to allow such deposits to be made in San Francisco and Philadelphia, for which payments were made by wire through this office at New York. 36 REPORT OF THE TREASURER OF THE UNITED STATES. The transactions, by months, for the fiscal years 1916, 1917, and 1918 are recorded in the statement following: Month. Deposited at— Total paid at New York. San Francisco. Philadelphia. 1915. July August $7,749,079.99 11,995,339.96 11,885,914.40 7,923,320.08 3,592,048.85 628,759.47 88,079.88 5,584,711.76 25,766.13 87,749,079.99 11,995,339.96 11,885,914.40 7,923,320.08 3,592,048.85 628,759.47 88,079.88 5,584,711.76 25,766.13 September October November December - 1916. January February March.............................................. April May ............................. June 247,569.12 842,583,933.45 42,831,502.57 Total 49,720,589.64 42,583,933.45 92,304,523.09 1916. July 93,000.00 2,582,000.00 4,838,317.67 5,070,440.27 9,706,001.09 7,297,858.33 4,890,078.37 5,340,700.22 7,441,632.33 5,183,888.29 155,200.00 286,300.00 21,811,619.32 9,683,500.15 19,548,239.51 16,500,000.00 2,930,857.74 49,112,182.11 8,605,431.18 27,944,314.56 40,136,253.58 14,388,267.85 21,904,619.32 12,265,500.15 24,386,557.18 21,570.440.27 12,636,858.83 56,410,040.44 13,495,509.55 33,285,014.78 47,577,885.91 19,572,156.14 155,200.00 286,300.00 August • September October. November December 1917. January February March April May.................................................... June Total 52,885,416.57 210,660,666.00 263,546,082.57 1917. July 224,885.65 224,885.65 14,782,281.95 August 14,782,281.95 September October 1,732,904.67 252,840.64 178,905.96 801,728.75 90,626.45 275,142.26 730,200.82 213,000.00 1,945,904.67 252,840.64 178,905.96 801,728.75 90,626.45 275,142.26 730,200.82 November December 1918. January February March April May June Total 4,287,235.20 14,995,281.95 19,282,517.15 DEPOSITS OF GOLD BULLION AT MINTS AND ASSAY OFFICES. The deposits of gold bullion at the mints and assay offices during the fiscal years 1916, 1917, and 1918 may be studied in the statement following: Office. 1916 1917 1918 Philadelphia $48,784,946.26 108,903,499.12 19,707,137.11 316,575,099.62 675,687.78 314,548.13 1,063,850.28 1,070,235.35 619,641.92 10,322,686.15 45,931.20 $213,343,639.49 101,808,631.53 $20,605,432.61 46,716,115.29 26,988,564.40 220,752,168.90 513,813.72 270,830.61 1,134,313.62 535,783.02 131,391.93 9,223,588.65 42,861.49 San Francisco Denver 31,896,920.93 562,921,649.73 461,193.94 New York New Orleans Carson 197; 010.52 942,070.82 720,126.12 Helena. Boise Deadwood 23i;675.99 Seattle 11,139,659.59 Salt Lake City 38,773.04 Total 508,083,262.92 923,701,351.70 326,914,864.24 REPORT OF THE TREASURER OF THE UNITED STATES. 37 SHIPMENTS OF CURRENCY FROM WASHINGTON. The shipments of currency from Washington are governed largely by the amount of worn and unfit paper money presented for redemption. Comparison of the shipments for the fiscal years 1917 .and 1918 may be studied in the statement following: Fiscal year 1917. Fiscal year 1918. Number of packages. Total amount. Number of packages. Total amount.. By registered mail By express Total 129,535 19,693 $1,254,152,863 99,332,757 92,199 23,154 $702,254,546 142,160,933 149,228 1,353,485,620 115,353 844,415,479 RECOINAGE IN THE FISCAL YEARS 1917 AND 1918. The amounts of uncurrent gold, silver, and minor coins reminted during the fiscal years 1917 and 1918 were as here stated: Denominations. Fiscal year 1917. Fiscal year 1918. Face value. Loss reimbursed. Face value. Loss reimbursed. Double eagles $271,340.00 369,720.00 536,400.00 30.00 8,435,00 74.00 $620,100.00 893,260.00 1,768,580.00 6.00 7,340.00 30.00 Eagles Half eagles Three-dollar pieces Quarter eagles Dollars Total gold Half dollars r. Quarter dollars 1,185,999.00 $2,704.84 3,289,316.00 $848.74 7,985,590.00 618,449.00 140.80 225,059.30 648.00 72.90 224,850. 50 299,550.00 120.80 185,635.70 846.85 96.15 Twenty-cent pieces Dimes Half dimes Three-cent pieces Total silver Minor coins.. Aggregate 8,829,960.00 221,708.93 711,100.00 53,010.41 173,035.00 1 17,478.60 135,950.00 7,393.60 10,188,994.00 241,892.37 4,136,366.00 61,252.75 1 $7,478.75 of the above amount of $17,478.60 was reimbursed by warrant in the fiscal year 1918, but belongs to fiscal year 1917. REDEMPTION OF FEDERAL RESERVE AND NATIONAL CURRENCY. During’the fiscal year 1918 the National Bank Redemption Agency redeemed currency amounting to $393,429,111. Of this amount $326,626,485 was in national-bank notes, $63,130,640 in Federal reserve notes, $2,990,635 in Federal reserve bank notes, and $681,351 in United States currency. The nationals redeemed represented 46.10 per cent of the average amount in circulation. Payment for currency redeemed was made as follows: In Treasurer’s checks, $41,098,910; in new United States currency, $101,362,223; and by credits of $250,967,978 in various accounts. 38 REPORT OF THE TREASURER OF THE UNITED STATES. The notes of all issues assorted amounted to $389,207,790 and were delivered as follows: Amount. Per cent. National-batik: notes: Fit for use returned to banks of issue $45,462,100 256,911,175 21,142,990 14.05 Unfit for use delivered to the Comptroller of the Currency for— Destruction and reissue 79.41 Destruction and retirement 6.54 Federal reserve notes: Fit for use returned to banks 323,516,265 100.00 15,893,550 46,810,780 25.35 Unfit for use delivered to the Comptroller of the Currency for destruction.. 74,65 Federal reserve bank notes: Fit for use returned to banks 62,704,330 100.00 80,350 2.69 Unfit for use delivered'to the Comptroller of the Currency for— Destruction and reissue 972,620 1,934,225 32.56 Destruction andretirement 64.75 2,987,195 100.00 In addition to the currency actually redeemed and counted into the cash, Federal reserve notes unfit for use to the amount of $213,730,775, mostly canceled before shipment, were sent to the agency by the issuing banks during the year for credit of their respective Federal reserve agents. As no payment was made by the Treasury in redemption of these notes they were not reported as a cash receipt. These notes were all counted and verified, however, and then delivered to the Comptroller of the Currency for credit of the Federal reserve agents accredited to the banks of issue, and the banks were reimbursed by the agents out of the gold and lawful money deposited with them for the retirement of such notes. Owing to incomplete audits of the expenses of the agency for the fiscal year, no figures are available as this report goes to press showing the rates of assessment against the banks, and this information will be included in the annual report of this office for 1919. 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 1918 are set out in the statement following: Accounts and kinds. Held June 30, 1917. Fiscal year 1918. Held June 30, 1918. Deposited. Withdrawn. State bonds belonging to the United States: Louisiana State bonds $37,000.00 58,000. 00 335,666. 66j 75,000.00 1,320,000.00 84,285.00 20,134. 72 $37,000.00 58,000. 00 335,666.66$ 75,000.00 1,320,000.00 84,285.00 20,134.72 North Carolina State bonds Tennessee State bonds United States bonds held under special provisions of law: Manhattan Savings Institution Held for the District of Columbia: United States bonds for account District of Columbia sinking fund Chesapeake & Ohio Canal bonds Boardof audit certificates $75,000.00 $75,000 REPORT OF THE TREASURER OF THE UNITED STATES. 39 Held June 30, 1917. Fiscal year 1918. Held June 30, 1918. Accounts and kinds. Deposited. Withdrawn. Held for the board of trustees, Postal Savings System: Postal savings bonds.. Held for the Secretary of War: Captured bonds of the State of Louisiana $2,301,680.00 545,480.00 46,000.00 3,247,332.11 885,000,000. 00 $1,661,760.00 $3,963,440.00 545,480.00 46,000.00 3,247,332.11 6,028,804,750.00 1,137,000.00 623.75 Obligations belonging to the Lincoln Farm Association.. Held for the Secretary of the Treasury: Panama, Railroad notes Obligations of foreign governments.. Bonds received from, at request of Director General of Railroads.... Donations to the Government.. 5,143,804,750. 00 1,137,000.00 623.75 Bonds held to secure Government funds in Federal land banks. Farm loan bonds held under act of Congress approved Jan. 18,1918 Bonds held in trust for account of alien property custodian 7,250,000.00 64,835,000. 00 3,064,850.50 $6,820,000 3,990,000 430,000.00 60,845,000.00 3,064,850.50 Total 893,070,578.49j 5,221,828,984.25 10,885,000 6,104,014,562.74j 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 bonds held for the Manhattan Savings Institution are in trust for that institution as indemnity for certain stolen bonds, as provided by act of December 19, 1878 (20 Stat., 589), and will be held for such time as, in the judgment of the Secretary of the Treasury, will secure the Treasurer of the United States against loss. 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. 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 wholly of postal savings bonds, representing investments made by said board as described on page 19 of this report. 40 REPORT OF THE TREASURER OF THE UNITED STATES. DISTRICT OF COLUMBIA. The transactions of the Treasurer of the United States, ex officio commissioner of the sinking fund of the District of Columbia,^are fully set forth in a separate statement. During the fiscal year 1918 the funded debt retired amounted to $469,550 and there was purchased for this fund $337,500 in United States bonds. This reduces the bonded debt of the District of Columbia to $5,579,750, while as an offset against this there is held in trust by the Treasurer $1,657,500 of United States bonds. The old securities of the Distiict of Columbia held in the care^and custody of the Treasurer are: Chesapeake & Ohio Canal bonds......................................... $84, 285. 00 Board of audit certificates.................................-......... 20,134. 72 Total........................................................... 104,419.72 The transactions which have been related in the foregoing, so varied and so vast, were conducted with rare accuracy and promptness, and offer the best proof of the capacity, fidelity, and efficiency of the officers, chiefs of divisions, clerks, counters, and. employees of every grade in this office. It is a pleasure to record this acknowledgment due to each of them. Respectfully, John Burke, Treasurer. Hon. William G. McAdoo, Secretary of the Treasury. APPENDIX. No. 1.—Receipts and disbursements Jor the fiscal year 1918, as shown by warrants issued. Account. Receipts. Disbursements. Repayments from unexpended appropriations. Counter credits to appropriations. Customs $182.758,988.71 3,696,043,484.81 1,969,455.31 280,903,071.46 10,960,828.17 Internal revenue Lands Miscellaneous , District of Columbia Miscellaneous scries.. Interior: Civil $14,406,410.75 1,251,617,748.66 35,271,820.52 181,137,754.12 5,054,007,572.34 1,934,320.44 2,221,094.54 9,170,109.86 1,834,191.91 5,633,415,343.01 1,361,068,290.93 30,888,400.03 197,526,608.36 $1,067,164.12 6,743,348.51 4,246,467.44 25,840.78 13,121,142.05 48,420.15 5,800,000.00 520,058.17 55,804.90 441,862,718.95 13,358,580.23 3,607,640.65 10,715,348.61 $560,049.88 10,517,868.35 1,063,982.33 18.00 5,710,306.49 187.50 Pensions Treasury Post Office Department proper.... Postal deficiencies *»«, War, Civil 186,796.69 10,571.84 6,355,409.95 271,280,647.23 171,620.15 437.75 Navy, Civil War Navy Indians Interest on public debt Total Postal savings bonds 4,172,635,828.46 1,020,940.00 6,414,570.25 16,963,588,619.61 10.279,650.00 13,774,499,665.47 501,172,534.56 295,857,896.16 Panama Canal Public debt 20,787,624.92 7,685,267,850.13 21,611,225.00 1,220,672.45 7,504,915.08 Redemption national-bank notes.. Aggregate 21,153,939,608.32 21,502,166,365.52 502,393,207.01 303,362,811.24 No. 2.—Receipts and disbursements for service of the Post Office Department for the fiscal year 1918. Office. Balance June 30, 1917. Fiscal year 1918. Balance June 30,1918. Receipts. Disbursements. Washington $24,236,597.71 $209,119,730.79 59,444,909.18 61,270,843.45 60,102,045.14 60,359,342.79 $201,977,415.21 59,444,909.18 61,270,843.45 60,102,045.14 60,359,342. 79 $31,378,913.29 Receipts and disbursements by postmasters for quarter ended— Sept. 30, 1917 Dec. 31, 1917 Mar. 31, 1918 June 30, 1918 Total 450,296,871.35 443,154,555.77 No. 3.—Distribution of the General Treasury balance June 30, 1918. Washington.................................................... Baltimore..................................................... New York...................................................... Philadelphia.................................................. Boston........................................................ Cincinnati.................................................... Chicago....................................................... St. Louis..................................................... New Orleans................................................... San Francisco................................................. Mints and assay offices....................................... Federal land banks............................................ $207, 337,815. 20 35, 340,417.16 533,358,414.18 71,403, 881. 54 76, 261, 985. 75 44, 952,228. 07 231, 739, 851. 73 88, 273, 236.46 48,332, 891.10 56, 691, 937. 69 2, 361, 200, 898. 00 430,000. 00 41 42 REPORT OF THE TREASURER OF THE UNITED STATES. Federal reserve banks........................... $63,817, 988. 46 Special depositaries............................ 1,491,338,825. 44 ------------------$1,555,156,813. 90 National banks....................................................... 42,559,384.43 Foreign depositaries................................................ 11, 026, 503. 50 Treasury of Philippine Islands.......................................... 580, 583. 20 In transit........................................................ 68,119, 763.15 Total..................................................... 5,432, 766, 605.15 Deduct: Outstanding warrants........................... $41, 761,484. 64 Agency accounts on books of Treasurer United States........................... 1, 213, 615,897. 03 Gold settlement fund, act June 21, 1917... 1, 205, 082,010. 00 ----------------- 2,460,459,391. 67 General account............................................... 2, 972, 307, 213. 48 Deduct: Uncovered moneys............................. $5,150, 242. 91 Trust funds, act of Mar. 14, 1900........ 2,195, 553, 669. 00 ----------------- 2, 200, 703, 911. 91 Balance in general fund as per warrants issued................. 771, 603,301. 57 No. 4.—Assets and liabilities of the Treasury offices June 30, 1918. Washington. Baltimore. New York. Philadelphia. Boston. ASSETS. Gold coin 84,961,816.12 $5,810,188.88 5,019,410.00 325,930.80 888,277.00 340.00 4,299,920.00 12,123,000.00 1,982,239.00 551,000.00 4,226,500.00 847,543,625.50 75,952,348.00 1,032,598.00 379,300.00 $28,151,519.94 5,935,194.00 337,832.90 211,499.00 $21,697,303.64 1,586,525.00 351,579.80 426,167.00 131.00 125,390.00 49,386,920.00 776,179.00 Standard silver dollars 156,870,008.00 233,129.63 1,328,969.00 1,200.00 2,585,650.00 5,210,000.00 9,117,052.00 Subsidiary silver coin United States notes Treasury notes of 1890 Gold certificates (active) Gold certificates (inactive).... Silver certificates (active) Silver certificates (inactive)... 9,939,130.00 409,949,000.00 957,121.00 2,600,000.00 2,801,590.00 4,065,000.00 30,775,000.00 322,906.00 190,000.00 2,490,000.00 Federal reserve notes 7,629,860.00 95,395.00 19,103,938.63 245,102.16 58,546.07 2,136,885.00 Federal reserve bank notes.... National-bank notes 281,105.00 .97 37,798.93 419,705.00 49,263.66 192,826.54 8,393.02 50,000.00 101,290.00 50,764.21 129,082.34 33,621.01 Unclassified (unassorted currency, etc.) Minor coin... 72,850.68 Certified checks on banks Total 207,440,666.61 35,545,710.58 551,824,900.72 72,601,802.52 76,801,838.00 LIABILITIES. Outstanding warrants and checks. Disbursing officers’ balances.. 183,463.42 17,780,868.83 486,278.20 294,446.63 Post Office Department account Bank note 5 per cent redemption account Other deposit and redemption accounts 102,851.32 21,830.00 685,617.71 711,642.78 245,405.62 Board of trustees, Postal Savings System Redemption fund Federal reserve notes Redemption fund Federal reserve bank notes Retirement of additional circulating notes, act of May 30, 1908. Assets of insolvent banks Total agency account... Balance to credit of mints and assay offices 102,851.32 205,293.42 18,466,486.54 1,197,920.98 539,852.25 Balance general account Total 207,337,815.29 35,340,417.16 533,358,414.18 71,403,881.54 76,261,985.75 207,440,666.61 35,545,710.58 551,824,900.72 72,601,802.52 76,801,838.00 REPORT OF THE TREASURER OF THE UNITED STATES. 43 No. 4.—Assets and liabilities of the Treasury offices June 30, 1918—Continued. Cincinnati. Chicago. St. Louis. New Orleans. San Francisco. ASSETS. Gold com $17,523,040.94 2,761,600.00 119,841.45 128,555.00 $94,999,212.89 7,869,520.00 318,784.17 267,589.00 $43,327,613. 62 1,548,827.00 212,497.00 981,200.00 2,500.00 836.710.00 39,80i; 790.00 715,999.00 473,500.00 702,000.00 21,500.00 36,000.00 $3,039,230.70 11,565,666.00 202,367.10 303,948.00 2,715.00 92; 370.00 31,165,000.00 130,638.00 661,500.00 1,305,055.00 $27,785,410.61 19,626,399.00 143,714.20 181,700.00 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)... Federal reserve notes 111,050.00 22,207,000.00 117,776.00 714,000.00 1,332,315.00 430,450.00 118,185,000.00 3,074,922.00 4,624,000.00 3,513,330.00 6,732,960.00 281,700.00 2,182,305.00 70,000.00 75,000.00 1,011,503.85 14,358.51 Federal reserve bank notes.... National-bank notes 34,645.00 4,516.64 58,980.33 114,230.00 14,040.84 43,933.52 66,505.00 Unclassified (unassorted currency, etc.) Minor coin 48,416.67 30,624.26 Total 45,113,320.36 233,455.012.42 88,708,553.29 48,565,619.06 58,105,051.17 LIABILITIES. Disbursing officers’ balances.. Other deposit and redemption accounts .. 97,197.29 63,895.00 1,193,850. 69 521,310.00 397,822.43 37,494.40 159,827.96 72,900.00 154,586.60 1,258,526.88 Board of trustees, Postal Savings system Total agency account... Balance general account Total 161,092.29 44,952,228.07 1,715,160.69 231,739,851.73 435,316.83 88,273,236.46 232,727.96 48,332,891.10 1,413,113.48 56,691,937.69 45,113,320.36 233,455,012.42 88.708,553.29 48,565,619.06 58,105,051.17 No. 5.—Assets of the Treasury'in the custody of mints and assay offices June 30, 1918. Boise. Carson City. Deadwood. Helena. ASSETS. Gold bullion Silver bullion $37,079,45 $13,632.71 7,182.42 108,160.67 $7,989,83 13.88 52,470.16 $95,317.79 Balance with Treasurer United States. Total 19,684.67 30,308.30 56,764.12 128,975.80 60,473.87 125,626.09 Salt Lake City. Seattle. New York. New Orleans. ASSETS. Gold coin $5,296.56 950, 775,216.66 Gold bullion Standard silver dollars $1,911.47 $120,146.32 $70,049.26 22,475,000.00 7,806.80 Silver bullion 1,606,364.68 Unclassified Balance with Treasurer United States. Total 35,068.36 535,979.58 11,107,836. 75 95,575.76 36,979.83 656,125.90 963,494,714.65 22,648,431.82 Denver. Philadelphia. San Francisco. Total. ASSETS. Gold coin Gold bullion Standard silver dollars Subsidiary silver coin Silver bullion Gold certificates $272,074,890.00 151,552,207.23 395,219.00 3,833,636.95 2,541,462.74 32,940.00 515,058.66 8,161.00 962,505.14 $172,353,291.00 284,688,363.59 67,388,638.00 3,045,057.15 7,536,199.56 $1,674,285.00 351,646,327.38 42,895,700.00 4,471,309.30 1,673,316.96 21,720.00 376,614.11 $446,107,762.56 1,739,008,241.69 133,154,557.00 11,350,003.40 13,372,347.04 54,660.00 2,410,382.04 8,161.00 15,734,783.27 Minor coin Unclassified. 1,518,709.27 Balance with Treasurer United States. Total 2,787,193.88 431,916,080.72 536,530,258.57 405,546,466.63 2,361,200,898.00 44 REPORT OF THE TREASURER OF THE UNITED STATES. No. 6.—General distribution of the assets and liabilities of the Treasury, June 30, 1918.. Treasury offices. Mints and assay offices. Designated depositaries of the United States. In transit. Total. ASSETS. 5294,838,962.84 $446,107,762.56 1,739,008,241.69 $740,946,725.40 1,739,008,241.69 Qnld bullion . Standardsilver dollars Subsidiary-silver coin. Silver bullion . 288,735,497.00 3,278,275.05 133,154,557.00 11,350,003.40 13,372,347.04 $100,349.00 250,000.00 421,990,403.00 14,878,278.45 13,372,347.04 United States notes.. 5,097,204.00 6,886.00 29,218,630.00 1,541,000.00 6,638,204.00 Treasury notes of 1890. Gold certificates, ac-tive . ... 6,886.00 54,660.00 9,773,000.00 39,046,290.00 Gold certificates in reserve vaults of assistant treasurers. Silver certificates, ac-tive 718,802,710.00 17,476,532.00 9,814,000.00 28,319,840.00 186,895.00 20,282,418.63 1,375,192.33 687,417.85 42,014.03 718,802,710.00 2,713,000.00 20,189,532.00 Silver certificates in reserve vaults of assistant treasurers. Federal reserve notes. Federal reserve bank 9,814,000.00 28,319,840.00- 186,895.00 National-bank notes.. Unclassified (unassorted currency, 867,000.00 153,542.75 35,000.15 21,149,418.63 8,161.00 2,410,382.04 1,536,896.08 3,132,800.04 Certified checks on 42,014.03 Interest on public 1,944,354.41 1,944,354.41 Deposits in Federal $430,000.00 63,817,988.46 1,491,338,825.44 69,513,984.68 430,000.00 Deposits in Federal 63,817.988.46 Deposits in special depositaries (act Apr 24 19171 1,491,338,825.44 Deposits in national 69,513,984.68 Public ' moneys in transit to or from 45,587,376.99 45,587,376.99 Total available assets 1,418,162,474.73 2,345,466,114.73 15,734,783.27 1,625,100,798.58 62,964,623.30 5,451,694,011.34 Balance with Treas- 15,734,783.27 Warrants and checks paid but not el eared. 5,155,139.85 5,155,139.85 Aggregate 1,418,162,474.73 2,361,200,898.00 1,625,100,798.58 68,119,763.15 5,472,583,934.46 LIABILITIES. Outstanding war- 42,320,406.01 Disbursing officers’ balances: On books of Treasurer United 1,025,593,536.90 On books of assist ant treasurers, 36,095,855.60 31,378,913.29 Post Office Depart- Bank note 5 per cent redemption account Other deposit and redemption accounts Board of trustees, Postal Savings Sys- 27,951,572.12 17,900,250.20 7,369,091.83 Redemption fund: Federal reserve 88,462,375.00 Federal reserve 583,700.00- SAN DIEGO FREE PUBLIC LIBRARY REPORT OF THE TREASURER OF THE UNITED STATES. 45 "No. 6.—General distribution of the assets and liabilities of the Treasury, June 30, 1918— Continued. Treasury offices. Mints and assay offices. Designated depositaries of the United States. In transit. Total. LIABILITIES—COntd. Retirement of additional circulating notes (act May 30, 1908) $893,595.00 910,631.76 A ssets of insolvent national banks Total agency account 1,279,459,927.71 15,734,783.27 1,205,082,010.00 2,972,307,213.48 Balance to credit of mints and assay offices Balance to credit of gold settlement fund, Federal Re-serve Board Balance general ac-count Aggregate 5,472,583,934.46 No. 7.—Available assets and net liabilities of the Treasury at the close of June, 1911 and 1918. June 30,1917. June 30,1918. ■Gold: assets. Coin $774,931,882.10 1,550,540,153.77 $740,946,725.40 1,739,008,241.69 Bullion ................. Total - 2,325,472,035.87 2,479,954,967.09 Silver: Dollars 496,444,138.00 4,422,621.83 5,797,879.49 421,990,403.00 14,878,278.45 13,372,347.04 Subsidiary coin Bullion Total 506,664,639.32 450,241,028.49 Paper: United States notes 10,719,778.00 5,922.00 2,995,185.00 96,455.00 17,971,458.97 510,100,760.00 15,675,158.00 1,095,744.13 6,638,204.00 6,886.00 28,319,840.00 186,895.00 21,149,418.63 757,849,000.00 30,003,532.00 1,536,896.08 Treasury notes of 1890 "Federal reserve notes Federal reserve bank notes Nati on al-bank notes Ct old certificates - Silver certificates Unclassified (unassorted currency) Total - 558,660,461.10 845,690,671.71 “Other: Minor coin - - 1,274,091.54 11,143.43 299.871,632.42 825,399,819.51 11,086,088.67 3,132,800.04 42,014.03 63,817,988.46 1,560,852,810.12 45,587,376.99 430,000.00 1,944,354.41 Certified checks on banks Deposits in Federal reserve banks Deposits in national banks, etc - Public moneys in transit to and from national banks Deposits in Federal land banks Interest on the public debt naid - - - 20,994.41 Total 1,137,663,769.98 1,675,807,344.05 A uureuate 4,528,460,906.27 5,451,694,011.34 LIABILITIES. Outstanding’ warrants and ohecks 9,201,410.95 168,864,645.96 21,552,570.29 26,787,263.22 25,645,063.33 5,743i 856.70 42,320,406.01 1,061,689,392.50 31,378,913.29 27,951,572.12 17,900,250.20 7,369,091.83 Disbursing officers’ balances Post Office Department account . Bank note 5 per cent redemption account Other deposit and red eruption accounts Board of trustees, Postal Savings System 46 REPORT OF THE TREASURER OF THE UNITED STATES. No. 7.—Available assets and net liabilities of the Treasury at the close of June, 1917 and 1918—Continued. June 30, 1917. June 30, 1918. liabilities—continued. Redemption fund: Federal reserve notes $32,928,566.29 500,000.00 2,359,585.00 2,165,902.90 $88,462,375.00 583,700.00 893,595.00 910,631.76 Federal reserve bank notes Retirement of additional circulating notes, act of May 30, 1908.... Assets of insolvent national banks Total agency account 295,748,864.64 2,981,776.48 1,279,459,927.71 5,155,139.85 Less warrants and checks paid but not cleared Total 292,767,088.16 1,274,304,787.86 General account: Gold certificates 2,094,336,669.00 492,860,000.00 1,976,000.00 526,295,000.00 152,979,025.63 967,247,123.48 1,784,480,669.00 409,215,000.00 1,858,000.00 1,205,082,010.00 152,979,025.63 623,774,518.85 Silver certificates Treasury notes of 1890 Gold settlement fund, Federal Reserve Board Reserve fund Balance Total 4,235,693,818.11 4,177,389,223.48 Aggregate 4,528,460,906.27 5,451,694,011.34 No. 8 —Assets and liabilities of the Treasury in excess of certificates and Treasury notes at the close of June, 1917 and 1918. June 30,1917. June 30,1918. ASSETS. Gold coin and bullion................ 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....................... Gold settlement fund................. Reserve fund......................... Available cash balance............... Total.......................... $741,236,126.87 23,087,097.49 4,422,621.83 10,719,778.00 2,995,185.00 96,455.00 17,971,458.97 1,274,091.54 11,143.43 300,671,632.42 835,685,908.18 20,994.41 1,095,744.13 1,939,288,237.27 292,767,088.16 526,295.000.00 152,979;025.63 967,247,123.48 1,939,288,237.27 $1,453,323,298.09 54,300,168.04 14,878,278.45 6,638,204.00 28,319,840.00 186,895.00 21,149,418.63 3,132,800.04 42,014.03 85,377,872.21 430,000.00 1,584,880,303.36 1,944,354.41 1,536,896.08 3,256,140,342.34 1,274,304,787.86 1,205,082,010.00 152,979,025.63 623,774,518.85 3,256,140,342.34 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, 1912. Months. Gold coin. Gold bullion. Total. 1912—January: Estimated stock $1,612,843,485 1,009,369,049 603,474,436 1,603,747,458 1,008,285,828 595,461,630 1,603,758,028 1,006,642,688 597,115,340 $190,438,836 190,438,836 $1,803,282,321 1,199,807,885 603,474,436 1,794,552,027 1,199,090,397 595,461,630 1,798,389,525 1,201,274,185 597,115,340 In the Treasury In circulation February: Estimated stock 190,804,569 190,804,569 In the Treasury In circulation March: Estimated stock 194,631,497 194,631,497 In the Treasury In circulation.^ REPORT OF THE TREASURER OF THE UNITED STATES. 47 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, 1912 Continued. Months. Gold coin. Gold bullion. Total. 1912—April: Estimated stock In the Treasury - In circulation.... $1,611,507,861 1,006,146,931 605,360,930 $199,007,920 199,007,920 $1,810,515,781 1,205,154,851 605,360,930 May: Estimated stock In the Treasury In circulation 1,613,009,112 1,004,469,096 608,540,016 200,027,283 200,027,283 1,813,036,395 1,204,496,379 608,540,016 June: Estimated stock In the Treasury 1,615,248,998 1,004,524,845 610,724,153 202,939,419 202,939,419 1,818,188,417 1,207,464,264 610,724,153 July: Estimated stock In the Treasury In circulation 1,617,733,665 1,008,987,295 608,746,370 205,876,260 205,876,260 1,823,609,925 1,214,863,555 608,746,370 August: Estimated stock In the Treasury In circulation..... 1,617,182,123 1,005,482,770 611,699,353 214,901,441 214,901,441 1,832,083,564 1,220,384,211 611,699,353 September: Estimated stock In the Treasury 1,614,734,663 1,004,824,337 609,910,326 226,647,772 226,647,772 1,841,382,435 1,231,472,109 609,910,326 October: Estimated stock In the Treasury In circulation - 1,614,949,636 1,004,335,428 610,614,208 241,885,521 241,885,521 1,856,835,157 1,246,220,949 610,614,208 November: Estimated stock In the Treasury 1,615,788,712 994,582,600 621,206,112 251,559,549 251,559,549 1,867,348,261 1,246,142,149 621,206,112 December: ' Estimated stock In the Treasury In circulation. 1.617,073.329 993,914,108 623,159.221 261,503,793 261,503,793 1,878,577,122 1,255,417.901 623,159,221 1913—January: Estimated stock In the Treasury In circulation - 1,619,631,581 1,002.577,743 617,053,838 255,994,537 255,994,537 1,875.626.118 1,258.572.280 617,053,838 February: Estimated stock In the Treasury In circulation * 1,611,790,988 1,001,433,247 610,357,741 255.429,710 255,429,710 1,867.220.698 1,256'. 862,957 ■ 610,357,741 March: Estimated stock ■■■■■ In the Treasury 1.610,221,955 1.003,086.482 607,135,473 248,347,939 248,347,939 1,858,569,894 1,251.434.421 607,135,473 April: Estimated stock In the Treasury 1,614.806,056 1.003,100.279 611,705,777 252,281,029 252,281,029 1,867,087,085 1.255,381.308 ' 611,705,777 May: Estimated stock In the Treasury 1,615,906,704 1,005.902,275 610,004', 429 245,463,191 245,463,191 1,861,369.895 1,251,365,466 610,004,429 June: Estimated stock In the Treasury 1,619.645,807 1,011,245,008 608,400,799 251,116,028 251,116,028 1,870,761,835 1,262,361.036 608,400,799 July: Estimated stock 1,620,395,858 1,014,380,245 606,015,613 252.597,600 252,597,600 1,872.993,458 1,266,977.845 In the Treasury 606.015,613 August: Estimated stock In the Treasury ■ 1,619,821,973 1,014,255,078 605,566,895 261,618,203 261,618,203 1,881,440,176 1,275.873,281 605,566,895 September: Estimated stock - 1,622.569.037 1,011,834,007 610,735,030 272,869.208 272,869,208 1,895,438,245 1,284,703,215 610,735,030 October: Estimated stock 1,622,919,249 1,008,441,048 614.478,201 282,982.267 282,982,267 1,901,901,516 1,291,423,315 In the Treasury 614,478,201 November: Estimated stock 1,622,737,965 989,523,176 633.214,789 294,760,478 294,760,478 1.917.498,443 1,284,283,654 633,214,789 48 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, 1912—Continued. Months. Gold coin. Gold bullion. Total. 1913—December: Estimated stock $1,619,466,495 985,526,339 633,940,156 1,612,351,123 1,001,541,269 610,809,854 1,619,256,944 1,007,349,353 611,907,591 1,621,312,295 1,015.670,170 605,642,125 1,635,522,039 1,022, 750,586 612,771,453 1,632,425,128 1,016,993,548 615,431,580 1,597,061,185 985,516,504 611,544,681 1,602,212.854 969,880,263 632,332,591 1,553,435,886 926,331,510 627,104,376 1,565,772,896 907,828,703 657,944,193 1,535,505,931 869,651,712 665,854,219 1,513,772,657 876,219,214 637,553,443 1,511,021,004 879,413,405 631,607,599 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 $304,894,011 304,894,011 $1,924,360,506 1,290,420,350 633,940,156 1,916,813,556 1,306,003,702 610,809,854 1,920,268,748 1,308,361,157 611,907,591 1,927,179,218 1,321,537.093 605,642,125 1,942,562,107 1,329.790,654 612,771,453 1,931,342.109 1,315,910,529 615,431,580 1,890,656,791 1,279,112,110 611,544,681 1,887,270,664 1,254,938,073 632,332,591 1,844,602,682 1,217,498,306 627,104,376 1,861,838,264 1,203,894,071 657,944,193 1,835,416,298 1,169,562,079 665,854,219 1,817,121,700 1,179,568,257 637,553,443 1,815,976,319 1,184,368,720 631,607,599 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 In the Treasury In circulation 1914—January: Estimated stock 304,462,433 304,462,433 In the Treasury In circulation. February: Estimated stock 301.011,804 301,011,804 In the Treasury In circulation March: Estimated stock - - 305,866,923 305,866.923 In the Treasury In circulation April: Estimated stock 307.040.068 307,040,068 In the Treasury In circulation May: Estimated stock 298,916,981 298,916,981 In the Treasury In circulation June: Estimated stock -.. 293,595,606 293,595,606 In the Treasury In circulation .. .. . July: Estimated stock - 285,057,810 285,057,810 In the Treasury In circulation ~ August: Estimated stock 291,166,796 291,166,796 In the Treasury In circulation. ~. September: Estimated stock 296,065,368 296,065,368 In the Treasury In circulation October- Estimated stock 299,910,367 299,910,367 In the Treasury In circulation. November: Estimated stock 303,349,-, 043 303,349,043 In the Treasury In circulation December: Estimated stock 304,955,315 304,955,315 In the Treasury In circulation. ~. . 1915—January: Estimated stock 312,806,847 312,806,847 In the Treasury In circulation............................... February: Estimated stock 320,186,494 320,186,494 In the Treasury In Federal reserve banks In circulation March: Estimated stock 330,612,852 330,612,852 In the Treasury In Federal reserve banks In circulation April: Estimated stock 344,828,408 344,828,408 In the Treasury In Federal reserve banks In circulation May: Estimated stock 356,511,451 356,511,451 In the Treasury In Federal reserve banks In circulation June: Estimated stock 379,134,140 379,134,140 In the Treasury In Federal reserve banks In circulation REPORT OF THE TREASURER OF THE UNITED STATES. 49 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, 1912 Continued. Months. Gold coin. Gold bullion. Total. 1915—July: Estimated stock ®1,609,389,496 $397,010,043 $2,006,399,539 1,403,207,990 6,629,902 596,561,647 In the Treasury 1,006,197,947 397,010,043 In Federal reserve banks1 6,629,902 In circulation 596,561,647 August: Estimated stock - 1,630,824,172 425,907,966 2,056,732,138 In the Treasury 1,046,997,337 425,907,966 i, 4 / 2,905,303 8,113,902 575,712,933 In Federal reserve banks1 In circulation . 8,113,902 575,712,933 September: Estimated stock 1,678,047,249 463,735,010 2,141,782,259 In the Treasury 1,054,277,614 463,735,010 7,791,913 615,977,722 In Federal reserve banks1 In circulation 7,791,913 615,977,722 October: Estimated stock....' In the Treasury 1,659,276,361 1,053,365,001 538,837,401 538,837,401 2,198,113,762 1,592,202,402 8,802,513 597,108,847 In Federal reserve banks1 In circulation 8,802,513 597,108,847 November: Estimated stock - In the Treasury 1,662,657,527 1,050,801,172 598,030,020 598,030,020 2,260,687,547 1,648,831,192 8,513,793 603,342,562 In Federal reserve banks1 In circulation 8,513,793 603,342,562 December: Estimated stock In the Treasury 1,663,659,191 1,042,686,440 648,785,298 648,785,298 2,312,444,489 1,691,471,738 8,411,713 612,561,038 In Federal Reserve banks1 8,411,/13 In circulation - 612,561,038 1916—January: Estimated stock In the Treasury 1,666,707,103 1,041,309,598 661,714,732 661,714,732 2,328,421,835 1,703,024,330 4,893,788 In Federal reserve banks1 4,893,788 In circulation 620,503,717 620,503,717 February: Estimated stock In the Treasury 1,657,670,137 1,037,436,368 661,303,190 661,303,190 2,318,973,327 1,698,739,558 In Federal reserve banks1 In circulation 7,892,798 612,340,971 612,340,971 March: Estimated stock In the Treasury 1,653,095,326 1,033,408,382 663,853,094 663,853,094 2,316,948,420 1,697,261,476 In Federal reserve banks1 In circulation 8,704,808 610,982,136 610,982,136 April: Estimated stock In the Treasury 1,654,852,512 1,020,712,024 664,695,892 664,695,892 2,319,548,404 1,685,407,916 8,263,680 In Federal reserve banks1 8,263,680 In circulation 625,876,808 - — 625,876,808 May: Estimated stock 1,645,729,537 685,765,297 2,331,494,834 In the Treasury 1,009,666,848 685,765,297 1,695,432,145 7,575,650 628,487,039 In Federal reserve banks1 7,575,650 In circulation 628,487,039 June: Estimated stock In the Treasury 1,646,049,150 999,836,878 803,657,055 803,657,055 2,449,706,205 1,803,493,933 8,963,000 In Federal reserve banks1 8,963,000 In circulation 637,249,272 July: Estimated stock 1,629,865,962 870,363,602 2,500,229,564 In the Treasury 988,604,438 870,363,602 1,858,968,040 In Federal reserve banks1 In circulation 9,101,852 632,159,672 632,159, 672 August- Estimated stock 1,626,760,022 921,481,451 2,548,241,473 In the Treasury 986,226,237 921,481.451 1,907,707,688 10,712,734 629,821,204 In Federal reserve banks1 In circulation 10,712,581 629,821,204 September: Estimated stock 1,627,718,734 1,008,290,834 2,636,009,568 In the Treasury 972,236,900 1,008,290,834 1,980,527,734 In Federal reserve banks1 10,581,518 10,o81,518 In circulation 644,900,316 644,900,316 October: Estimated stock In the Treasury 1,623,661,859 962,693,201 1,076,475,117 1,076,475,117 2,700,136,976 2,039,168,318 In Federal reserve banks1 10,845,130 10,845,130 In circulation ■ ■ 650,123,528 650,123,528 i Includes the gold reserve held by banks against issues and gold deposited by banks with agents to retire Federal reserve notes in circulation. 87013—18----4 50 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, 1912—Continued. Months. Gold coin. Gold bullion. Total. 1916—November: Estimated stock ; 81,602,505,726 $1,139,163,765 $2,741,669,491 In the Treasury . 920,810,390 1,139,163,765 2,059,974,155 In Federal reserve banks1 12,327,028 669,368,308 12,327,028 In circulation 669,368,308 December: Estimated stock 1,599,867,870 1,264,973,780 2,864,841,650 . In the Treasury 909,629,129 1,264,973,780 2,174,602,909 In Federal reserve banks1 10,535,851 10,535,851 In circulation 679,702,890 679,702,890 1917—January: 2,912,465,116 Estimated stock 1,607,168,087 1,305,297,029 In the Treasury 945,359,389 1,305,297,029 2,250,656,418 In Federal reserve banks 1 10,817,349 10,817,349 In circulation 650,991,349 650,991,349 February: 2,968,355,434 Estimated stock 1,594,009,695 1,374,345,739 In the Treasury 927,601,704 1,374,345,739 2,301,947,443 In Federal reserve banks 1 13,901,389 13,901,389 In circulation 652,506,602 652,506,602 March: Estimated stock 1,586,127,578 1,502,777,230 3,088,904,808 In the Treasury 907,545,727 1,502,777,230 2,410,322,957 In Federal reserve banks1 11,243,789 11,243,789 In circulation 667,338,062 667,338,062 April: 3,121,887,443 Estimated stock 1,570,152,746 1,551,734,697 In the Treasury 880,865,554 1,551,734,697 2,432,600,251 In Federal reserve banks 1 11,075,769 11,075,769 In circulation . 678,211,423 678,211,423 May: 3,088,711,272 Estimated stock 1,538,020,003 1,550,691,269 In the Treasury 822,376,016 1,550,691,269 2,373,067,285 In Federal reserve banks1 14,512,603 14,512, b03 In circulation 701,131,384 701,131,384 June: 3,019,146,563 Estimated stock 1,468,606,409 1,550,540,154 In the Treasury 248,636,882 1,550,540,154 1,799,177,036 In Federal reserve banks1 183,880,000 183,880,000 In circulation 1,036,089,527 1,03b,089,527 July: 3,086,218,498 Estimated stock In the Treasury 1,744,796,476 In Federal reserve banks1 185,713,000 In circulation August: 1,155,709,022 Estimated stock 3,062,614,285 1,707,612,513 In the Treasury In Federal reserve banks1 203,041,000 In circulation September: 1,151,960,772 Estimated stock 3,035,390,720 In the Treasury 1,740,203,486 In Federal reserve banks1 In circulation 259,899,000 1,035,288,234 October: 3,041,549,041 1,679,295,700 Estimated stock In the Treasury In Federal reserve banks1 340,637,000 1,021,616,341 November: 3,040,472,040 1,586,091,216 Estimated stock In the Treasury In Federal reserve banks1 389,210,005 1,065,170,819 December: 3,040,439,343 1,555,389,072 Estimated stock In the Treasury In Federal reserve banks1 In circulation 512,489,005 972,561,266 1918—January: 3,038,545,652 Estimated stock In the Treasury 1,515,769,763 In Federal reserve banks1 483; 218; 105 In circulation 1,039,557,784 February: 3,041,643,270 Estimated stock In the Treasury 1,486,008,215 In Federal reserve banks1 In circulation 567,765,605 987,869,451 i 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, 51 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, 1912—Continued. Months. Gold coin. Gold bullion. Total. 1918—March: Estimated stock $3,042,708,319 1,456,598,124 556,330,610 1,029,779,585 3,042,711,222 1,419,402,731 559,085,860 1,064,222,631 3,043,879,782' 1,369,151,384 688,212,8601 986,515,538- 3,075,788,838 1,274,872,957 686,838,455 1,114,077,426 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 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, 1912; also silver other than stock held in the Treasury. Months. Standard dollars. Subsidiary silver. Total. Other silver items held. 1912—January: Estimated stock 8565,222,367 492,116,937 73,105,430 565,239,367 492,688,795 72,550,572 565,269,367 494,740,904 70,528,463 565,301,367 494,884,971 70,416,396 565,322,367 494,961,344 70,361,023 565,349,020 495,009,446 70,339,574 565,368,367 494,830,659 70,537,708 565,395,367 494,326,706 71,068,661 565,424,367 496,449,306 68,975,061 565,442,020 491,842,930 73,599,090 565,465,020 491,842,226 74,190,794 8164,667,449 21,775,660 142,891,789 167,332,556 23,468,394 143,864,162 165,073,658 24,306,074 140,767,584 165,763,883 24,738,979 141,024,904 169,884,577 25,584,334 144,300,243 170,588,205 25,554,007 145,034,198 170,680,698 25,530,820 145,149,878 171,425,508 25,308,849 146,116,659 171,749,957 23,100,165 148,649,792 172,078,534 20,498,062 151,580,472 173,'340,756 19,300,084 154,040,672 $729,889,816 513,892,597 215,997,219 732,571,923 516,157,189 216,414,734 730,343,025 519,046,978 211,296,047 731,065,250 519,623,950 211,441,300 735,206,944 520,545,678 214,661,266 735,937,225 520,563,453 215,373,772 736,049,065 520,361,479 215,687,586 736,820,875 519,635,555 217,185,320 737,174,324 519,549,471 217,624,853 737,520,554 512,340,992 225,179,562 738,805,776 510,574,310 228,231,466 In the Treasury $4,534,173 In circulation.". February: Estimated stock In the Treasury 4,473,648 In circulation.". March: Estimated stock In the Treasury 4,713,877 In circulation.". April: Estimated stock In the Treasury 4,821,793 In circulation.”. May: Estimated stock In the Treasury 4,640,489 In circulation.". June: Estimated stock In the Treasury 5,000,858 In circulation.". July: Estimated stock : In the Treasury 5,206,799' In circulation.". August: Estimated stock In the Treasury 4,907,803 In circulation.”. September: Estimated stock In the Treasury 5,296,650 In circulation.". October: Estimated stock In the Treasury 5,423,182 In circulation.”. November: Estimated stock In the Treasury 4,762,152 In circulation.”. 52 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, 1912; also silver other than stock held in the Treasury—Continued. Months. 1912—December: Estimated stock.............................. In the Treasury.................... In circulation..................... 1913—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..................... 1914—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..................... Standard dollars. Subsidiary silver. Total. Other silver items held. $565,431,020 490,952,022 74,528,998 565,505,020 492,256,283 73,248,737 565,536,020 492,968,177 72,567,843 565,556,020 493,269,843 72,286,177 565,569,020 493,372,856 72,196,164 565,590,020 493,494,137 72,095,883 565,613,263 493,486,070 72,127,193 565,633,020 493,459,589 72,173,431 565,649,020 493,129,262 72,519,758 565,666,263 492,381,773 73,284,490 565,683,263 491,671,111 74,012,152 565,699,263 491,629,463 74,069,800 565,718,263 491,313,043 74,405,220 565,734,263 493,027,602 72,706,661 565,754,263 493,559,703 72,194,560 565,772,263 494,156,794 71,615,469 565,792,263 494,761,028 71,031,235 565,813,263 495,133,181 70,680,082 565,833,478 495,532,993 70,300,485 565,840,263 495,858,521 69,981,742 ■8174,538,163 17,814,855 156,723,308 174,667,638 20,621,533 154,046,105 174,897,996 21,562,760 153,335,236 174,981,948 21,865,085 153,116,863 175,087,365 21,624,333 153,463,032 175,299,876 21,179,158 154,120,718 175,195,996 20,737,926 154,458,070 175,582,664 20,174,519 155,408,145 175,645,870 19,493,192 156,152,678 175,617,585 17,829,718 157,787,867 176,239,292 15,753,104 160,486,188 177,470,510 14,411,274 163,059,236 178,306,350 14,036,410 164,269,940 178,931,955 18,057,610 160,874,345 179,530,024 19,293,038 160,236,986 180,060,441 20,295,772 159,764,669 180,764,269 21,358,200 159,406,069 181,200,547 21,571,234 159,629,313 182,006,687 22,040,989 159,965,698 182,447,433 22,318,627 160,128,806 $740,019,183 508,766,877 231,252,306 740,172,658 512,877,816 227,294,842 740,434,016 514,530,937 225,903,079 740,537,968 515,134,928 225,403,040 740,656,385 514,997,189 225,659,196 740,889,896 514,673,295 226,216,601 740,809,259 514,223,996 226,585,263 741,2115,684 513,634,108 227,581,576 741,294,890 512,622,454 228,672,436 741,283,848 510,211,491 231,072,357 741,922,555 507,424,215 234,498,340 743,169,773 506,040,737 237,129,036 744,024,613 505,349,453 238,675,160 744,666,218 511,085,212 233,581,006 745,284,287 512,852,741 232,431,546 745,832,704 514,452,566 231,380,138 746,556,532 516,119,228 230,437,304 747,013,810 516,704,415 230,309,395 747,840,165 517,573,982 230,266,183 748,287,696 518,177,148 230,110,548 $4,139,180 4,449,634 4,555,187 4,609,071 4,680,186 4,719,810 4,724,332 4,786,288 4,765,712 4,636,036 4,512,126 4,471,221 4,159,606 4,793,788 5,241,912 5,466,186 5,322,762 5,846,759 5,293,184 5,754,180 REPORT OF THE TREASURER OF THE UNITED STATES, 53 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, 1912; also silver other than stock held in the Treasury—Continued. Months. Standard dollars. Subsidiary silver. Total. Other silver items held. 1914—August: Estimated stock In the Treasury In circulation $565,858,263 495,039,178 70,819,085 565,878,478 495,154,167 70,724,311 565,886,478 495,613,027 70,273,451 565,904,478 496,172,527 69,731,951 565,921,478 496,600,375 69,321,103 565,941,478 498,319,556 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 64,647,156 568,272,478 503,871,807 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 $182,819,021 21,924,920 160,894,101 183,059,092 21,493,978 161,565,114 183,644,414 21,174,024 162,470,390 184,100,675 21,015,502 163,085,173 184,533,627 20,670,681 163,862,946 184,797,402 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 26,164,295 159,265,955 185,476,523 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 $748,677,284 516,964,098 231,713,186 748,937,570 516,648,145 232,289,425 749,530,892 516,787,051 232,743,841 750,005,153 517,188,029 232,817,124 750,455,105 517,271,056 233,184,049 750,738,880 522,782,182 227,956,698 750,836,952 524,890,677 225,946,275 751,133,487 526,546,457 224,587,030 753,340,444 529,827,124 223,513,320 753,566,352 529,904,847 223,661,505 753,701,905 529,788,794 223,913,111 753,749,001 530,170,484 22.3,578,517 751,158,666 530,117,873 224,040,793 755,099,238 527,909,336 227,189,902 755,002,041 525,029,975 229,972,066 756,967,012 522,852,850 234,114,162 757,400,624 520,733,189 236,667,435 757,370,863 523,854,051 233,516,812 755,785,541 524,503,130 231,282,411 755,737,870 524,221,917 231,515 953 $6,213,100 September: Estimated stock In the Treasury In circulation 6,189,563 October: Estimated stock In the Treasury. , In circulation 6,020,731 November: Estimated stock In the Treasury In circulation 5,841,623 December: Estimated stock In the Treasury In circulation 5,730,944 1915—January: Estimated stock...................... In the Treasury In circulation... 5,851,712 February: Estimated stock In the Treasury In circulation 6,185,071 March: Estimated stock. In the Treasury In circulation 6,231,306 April: Estimated stock In the Treasury In circulation 4,096,495 May: Estimated stock In the Treasury In circulation 4,174,661 June: Estimated stock In the Treasury In circulation 4,273,678 July: Estimated stock In the Treasury In circulation 4,311,219 August: Estimated stock.... In the Treasury In circu lation.. . 4,534,669 September: Estimated stock In the Treasury Tn circulation 5,746,208 October: Estimated stock In rhe Treasury 5,509,685 November: Estimated stock. In the Treasury. In circulation 5,001,271 December: Estimated stock In the Treasury 5,245,175 1916—January: Estimated stock In the Treasury In circulation 5,663,965 February: Estimated stock In the Treasury 5,474,613 March: Estimated stock In the Treasury In circulation 5,571,144 54 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, 1912; also silver other than stock held in the Treasury—Continued. Months. 1916—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........................ Inthe 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...................... Standard dollars. Subsidiary silver. Total. Other silver items held. 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 71,242,068 568,270,319 497,255,113 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 $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 5,037,994 189,330,955 196,317,289 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 $755,840,844 522,753,289 233,087,555 755,672,388 521,163,111 234,509,277 757,128,802 519,295,824 237,832,978 755,764,258 518,199,676 237,564,582 756,286,861 516,609,576 239,677,285 758,139,935 510,116,505 248,023,430 757,966,035 507,079,338 250,886,697 759,051,485 501,923,499 257,127,986 761,765,401 499,263,217 262,502,184 761,892,339 502,784,085 259,108,254 762,639,268 502,066,245 260,573,023 764,587,608 502,220,490 262,367,118 766,085,149 503,307,618 262,777,531 766,262,250 501,611,300 264,650,950 766,544,232 500,866,760 265,677,472 767,740,218 500,954,627 266,785,591 769,107,448 499,522,790 269,584,658 772,313,636 496,311,589 276,-002,047 778,133,758 494,309,376 283,824,382 782,734,813 493,417,153 289,317,660 $5,627,050 5,886,857 6,050,811 6, i05,422 5,614,972 6,609,521 6,466,311 7,707,684 7,051,804 5,399,554 4,819,429 4,591,759 4,223,515 5,603,099 5,797,879 5,288,690 4,953,088 5,527,523 7,351,684 7,283,098 REPORT OF THE TREASURER OF THE UNITED STATES. 55 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, 1912; also silver other than stock held in the Treasury—Continued. Months. Standard dollars. Subsidiary silver. Total. C ther silver items held. 1917—December: Estimated stock In the Treasury :.; In circulation . . 8568,269,513 490,400,160 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 $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 $786,496,092 492,192,010 294,304,082 789,351,226 497,712,625 291,638,601 791,074,695 500,066,210 291,008,485 794,241,233 501,826,266 292,414,967 766,566,970 473,656,297 292,910,673 750,230,284 456,443,063 293,787,221 731,372,510 436,868,681 294,503,829 $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 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, 1912. Months. United States notes. 1912—January: Outstanding $346,681,016 In the Treasury -.. 9,547,034 ■ In circulation 337,133,982 February: Outstanding 346,681,016 In the Treasury 9,567,341 In circulation -. » 337,113,675 March: Outstanding 346,681,016 In the Treasury 8,880,271 In circulation 337,800,745 April: Outstanding -.. 346,681,016 In the Treasury 9,625,444 In circulation 337,055,572 May: Outstanding 346,681,016 In the Treasury........ 8,657,798 In circulation 338,023,218 June: Outstanding 346,681,016 In the Treasury - -8,983,695 In circulation 337,697,321 July: Outstanding 346,681,016 In the Treasury 8,497,777 In circulation 338,183,239 August: 346,681,016 Outstanding In the Treasury 8,067,352 In circulation 338,613,664 September: Outstanding 346,681,016 In the Treasury 5,295,957 In circulation 341,385,059 October: Outstanding 346,681,016 In the Treasury 4,137,102 In circulation 342,543,914 Treasury notes. Federal reserve notes. National- . bank notes; Total. $3,057,000 $741,661,968 $1,091,399,984 11,651 47^855^918 57,414,603 3,045' 349 . 693j 806/150 1,033,985,381 3,040,000 744,272,273 1,093,993,289 ' 12'386 38,963,623 48,543,350 3,027^ 614 705,308,650 1,045,449,939 3,010,000 744,871,283 1,094,562,299 IE 004 34,887,276 43,778,551 2,998' 996 709,984; 007 1,050,783,748 2,978,000 745,720,348 1,095,379,364 8^ 183 33', 623; 681 43; 257; 308 2,969; 817 .712,096,667 1,052,122,056 2,957,000 745,492,672 1,095,130,688 14', 110 35,937,196 44,609,104 2,942,890 709,555,476 1,050,521,584 2,929,000 745,134,992 1,094,745,008 13,430 39,992,733 48,989,858 2,915' 570 705,142,259 1,045,755,150 2,911,000 744,905,941 1,094,497,957* ' 12^573 42; 711, 981 51,222,331 2,898' 427 702,193,960 1,043,275,626 2,884,000 746,501,307 1,096,066,323 8' 454 40,879,280 48,955,086 2,875,546 705,622,027 1,047,111,237 2,855; 000 747,779,654 1,097,315,670 8; 740 36', 770', 326 42,075,023 2,846' 260 711,009,328 1,055,240,647 2,8.36,000 749,348,859 1,098,865,875 10,113 27,700,595 31,847,810 2 825* 887 721,648,264 1,067,018,065 56 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, 1912—Continued. Months. United States notes. Treasury notes. Federal reserve notes. Nationalbank notes. Total. 1912—N ovember: Outstanding In the Treasury In circulation December: Outstanding In the Treasury In circulation 1913—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 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 1914—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 tbe Treasury In circulation June: Outstanding In the Treasury In circulation $346,681,016 5,824,179 340,856,837 346,681,016 6,995,837 339,685,179 346,681,016 9,971,816 336,709,200 346,681,016 7,729,631 338,951,385 346,681,016 8,560,513 338,120,503 346,681,016 8,456,369 338,224,647 346,681,016 7,845,947 338,835,069 346,681,016 9,465,836 337,215,180 346,681,016 8,057,253 338,623,763 346,681,016 7,436,157 339,244,859 346,681,016 6,854,562 339,826,454 346,681,016 5,279,603 341,401,413 346,681,016 5,778,535 340,902,481 346,681,016 6,640,146 340,040,870 346,681,016 11,544,256 335,136,760 346,681,016 7,471,326 339,209,690 346,681,016 5,214,427 341,466,589 346,681,016 6,271,854 340,409,162 346,681,016 6,688,925 339,992,091 346,681,016 8,835,369 337,845,647 $2,813,000 8,440 2,804,560 2,797,000 10,115 2,786,885 2,773,000 I 7,089 2,765,911 2,742,000 9,843 2,732,157 2,722,000 6,886 2,715,114 2,709,000 13,766 2,695,234 2,688,000 9,639 2,678,361 2,660,000 3,330 2,656,670 2,645,000 4,361 2,640,639 2,629,000 3,195 2,625,805 2,607,000 4,250 2,602,750 2,590,000 6,126 2,583,874 2,574,000 7,786 2,566,214 2,555,000 4,947 2,550,053 2,539,000 7,916 2,531,084 2,519,000 6,765 | 2,512,235 2,501,000 8,841 2,492,159 2,481,000 8,693 2,472,307 2,460,000 9,195 2,450,805 2,439,000 11,237 2,427,763 $750,185,776 27,800,403 722,385,373 750,972,246 30,787,771 720,184,475 750,481,769 46,623,063 703,858,706 751,117,794 39,756,894 711,360,900 752,059,332 33,648,311 718,411,021 753,076,674 36,495,987 716,580,687 755,294,066 40,620,480 714,673,586 759,157,906 43,403,670 715,754,236 759,293,191 48,402,190 710,891,001 761,720,029 49,789,651 711,930,378 759,030,694 49,353,596 709,677,098 758,899,709 36,283,469 722,616,240 757,159,472 30,614,870 726,544,602 757,842,961 31,363,386 726,479,575 754,022,766 52,673,172 701,349,594 753,168,831 45,318,126 707 850,705 752,050,299 38,363,644 713,686,655 751,765,766 38,757,559 713,008,207 751,554,696 31,820,091 719,734,605 750,671,899 35,491,862 715,180,037 $1,099,679,792 33,633,022 1,066,046,770 1,100,450,262 37,793,723 1,062,656,539 1,099,935,785 56,601,968 1,043,333,817 1,100,540,810 47,496,368 1,053,044,442 1,101,462,348 42,215,710 1,059,246,638 1,102,466,690 44,966,122 1,057,500,568 1,104,663,082 48,476,066 1,056,187,016 1,108,498,922 52,872,836 1,055,626,086 1,108,619,207 56,463,804 1,052,155,403 1,111,030,045 57,229,003 1,053,801,042 1,108,318,710 56,212,408 1,052,106,302 1,108,170,725 41,569,198 1,066,601,527 1,106,414,488 36,401,191 1,070,013,297 1,107,078,977 38,008,479 1,069,070,498 1,103,242,782 64,225,344 1,039,017,438 1,102,368,847 52,796,217 1,049,572,630 1,101,232,315 43,586,912 1,057,645,403 1,100,927,782 45,038,106 1,055,889,676 1,100,695,712 38,518,211 1,062,177,501 1,099,791,915 44,338,468 1,055,453,447 REPORT OF THE TREASURER OF THE UNITED STATES, 57 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, 1912—Continued. Months. United States notes. Treasury notes. Federal reserve notes. Nationalbank notes.1 Total. 1914—July: Outstanding $346,681,016 9,677,117 337,003,899 346,681,016 7,427,272 339,253,744 346,681,016 9,706,776 336,974,240 346,681,016 11,777,297 334,903,719 346,681,016 27,703,240 318,977,776 346,681,016 36,268,000 310,413,016 346,681,016 26,969.790 319,711J226 346,681,016 21,840,716 324,840,300 346,681,016 17,734,659 328,946,357 346,681,016 14,107,422 332,573,594 346,681,016 14,442,525 332,238,491 346,681,016 14,338,770 332,342,246 346,681,016 12,517,467 334,163,549 346,681,016 10,072,178 336,608,838 346,681,016 8,966,535 337,714,481 346,681,016 5,941,978 340,739,038 346,681,016 5,876,890 340,804,126 $2,433,000 12,981 2,420,019 2,415,000 12,576 2,402,424 2,394,000 5,211 2,388,789 2,386,000 8,611 2,377,389 2,368,000 9,155 2,358,845 $750,907,021 34,393,205 716,513,816 877,540,281 25,437,944 852,102,337 1,077,884,776 27,015,607 1,050,869,169 1,121,468,911 37,949,831 1,083,519,080 1,111,999,076 $1,100,021,037 44,083,303 1,055,937,734 1,226,636,297 32,877,792 1,193,758,505 1,426,959,792 36,727,594 1,390,232,198 1,470,535,927 49,735,739 1,420,800,188 1,464,358,092 Tn the Treasury In circulation August: Outstanding In the Treasury Tn circulation September: Outstanding Tn the Treasury Tn circulation October: Outstanding Tn the Treasury . Tn circulation November: Outstanding $3,310,000 Tn the Treasury 69,950,581 1,042,048,495 97,662,976 1,366,695,116 In circulation 3,310,000 December: Outstanding 2,351,000 9,759 2,341,241 2,331,000 9,032 17,199,225 1,039,711,021 1,405,942,262 Tn the Treasury 65,208,492 974,502,529 101,486,251 1,304,456,011 In circulation 17,199,225 1915—January: Outstanding 20,554,725 982,206,133 1,351,772,874 In the Treasury 24,000 102,708,252 129.711,074 In circulation 2,321,968 20,530,725 879,497,881 1,222,061,800 February: Outstanding 2,319,000 13,296 27,589,725 938,030,441 1,314,620,182 In the Treasury 375,300 72,328,212 94,557,524 In circulation 2,305,704 2,297,000 27,214,425 865,702,229 1,220,062,658 March: Outstanding 41,685,500 899,547,980 1,290,211,496 In the Treasury 11,465 949,370 56,932,010 75,627,504 In circulation 2,285,535 40,736,130 842,615,970 1,214,583,992 April: Outstanding 2,291,000 54,335,500 867,793,067 1,271,100,583 In the Treasury 13,093 585,640 52,960,728 67,666,883 In circulation 2,277,907 53,749,860 814,832,339 1,203,433,700 May: Outstanding 2,270,000 10,856 67,755,500 840,287,948 1,256,994,464 In the Treasury 2,365,800 38,034,479 54,853,660 In circulation 2,259,144 65,389,700 802,253,469 1,202,140,804 June: Outstanding 2,254,000 84,260,500 819,273,593 1,252,469,109 In the Treasury 9,313 3,885,850 33,880,546 52,114,479 In circulation 2,244,687 80,374,650 785,393,047 1,200,354,630 July: Outstanding 2,245,000 98,130,500 804,601,373 1,251,657,889 In the Treasury 7,511 4,918,200 32,812,920 50,256,098 In circulation 2,237,489 93,212,300 771,788,453 1,201,401,791 August: Outstanding 2,222,000 110,300,500 793,786,807 1,252,990,323 In the Treasury 3,297 6,112,255 27,740,942 43,928,672 In circulation 2,218,703 104,188,245 766,045,865 1,209,061,651 September: Outstanding 2,214,000 140,360,000 786,736,460 1,275,991,476 In the Treasury 3,840 7,594,725 26,233,368 42,798,468 In circulation 2,210,160 132,765,275 760,503,092 1,233,193,008 October: Outstanding 2,202,000 169,160,000 779,917,681 1,297,960,697 In the Treasury 3,212 9,301,145 23,718,799 38,965,134 In circulation 2,198,788 159,858,855 756,198,882 1,258,995,563 November: Outstanding 2,187,000 188,605,000 776,365,653 1,313,838,669 In the Treasury 3,479 11,127,580 22,980,617 39,988,566 In circulation 2,183,521 177,477,420 753,385,036 1,273,850,103 December: Outstanding 346,681,016 6,164,584 340,516,432 346,681,016 7,865,973 338,815,043 346,681,016 6,039,430 340,641,586 uly, 1915, incl 2,178,000 214,125,000 771,337,208 1,334,321,224 In the Treasury 9,576 10,392,020 24,657,238 41,223,418 In circulation 2,168,424 203,732,980 746,679,970 1,293,097,806 1916—January: Outstanding 2,167,000 8,148 218,370,000 767,392,068 1,334,610,084 In the Treasury 13,040,330 30,479,827 51,394,278 In circulation 2,158,852 205,329,670 736,912,241 1,283,215,806 February: Outstanding 2,151,000 194,416,350 765,996,283 1,309,244,649 In the Treasury 4,379 3,823,845 24,696,195 34,563,849 Tn circulation 2,146,621 tides Federal r 190,592,505 741,300,088 1,274,680,800 1 From J Bserve bank notes. 58 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, 1912—Continued. ’J Months. United Treasury Federal re- National- Total. States notes notes. serve notes bank notes 1916—March: Outstanding . $346 681 016 $2,139,000 3,825 2,135,175 $190,233,05C 2,504,770 187,728,280 $763,176,661 22,817,467 740,359,194 $1,302,229,727 In the Treasury 5 932 762 In circulation/ 340 748'254 31,258,824 April: 1,270,970,903 Outstanding 346 681 016 2,126,000 3,672 2,122,328 185,313,350 3,140,545 182,172,805 760,654,876 22,482,540 738,172,336 1,294,775,242 In the Treasury 6?208,593 In circulation.'. 340,472^423 31,835,350 May: 1,262,939,892 Outstanding 346,681,016 6,510,734 340,170,282 2,117,000 4,747 2,112,253 184,339,050 2,618,765 181,720,285 756,779,143 23,273,766 733,505,397 1,289,916,209 In the Treasury In circulation/ 32,408,012 June: 1,257,508,197 Outstanding 346,681,016 4,961,469 341,719,547 2,103,000 4,835 2,098,165 176,168,450 3,067,665 173,100,785 753,174,660 24,811,871 728,362,789 1,278,127,126 In the Treasury In circulation/ 32.845,840 July: 1,245,281,286 Outstanding 346,681,016 5,336,387 341,344,629 2,092,000 2,953 2,089,047 172,974,850 2,939,155 170,035,695 749,321,196 25,659,107 723,662,089 1,271,069,062 In the Treasury In circulation/ 33,937,602 August: 1,237,131,460 Outstanding 346,681,016 4,485,577 342,195,439 2,084,000 4,201 2,079,799 184,708,300 2,661,140 182,047,160 744,493,851 21,687,632 722,806,219 1,277,967,167 In the Treasury In circulation/ 28,838,550 September: 1,249,128,617 Outstanding 346,681,016 4,232,944 342,448,072 2,063,000 4,831 2,058,169 215,248,350 2,702,945 212,545,405 743,310,213 18,609,405 724,700,808 1,307,302,579 In the Treasury In circulation/ 25,550,125 October: 1,281,752,454 Outstanding 346,681,016 4,977,143 341,703,873 2,055,000 5,769 2,049,231 238,496,920 2,245,315 236,251,605 736,997,540 18,245,522 718,752,018 1,324,230,476 In the Treasury In circulation/ 25,473,749 November: 1,298,756,727 Outstanding 346,681,016 6,472,677 340,208,339 2,049,000 5,976 2,043,024 266,552,720 1,932,035 264,620,685 736,093,594 17,133,710 718,959,884 1,351,376,330 In the Treasury In circulation/ 2o,544,388 December: 1,325,831,932 Outstanding 346,681,016 5,409,462 341,271,554 2,044,000 8,812 2,035,188 300,106,180 2,092,945 298,013,235 738,651,270 18,069,329 720,581,941 1,387,482,466 In the Treasury In circulation./. 25,580,548 1917—January: 1,361,901,918 Outstanding 346,681,016 8,726,193 337,954,823 2,032,000 10,074 2,021,926 289,242,030 2,499,255 286,742,775 732,960,456 30,957,629 702;002,827 1,370,915,502 In the Treasury In circulation/ 42,193,151 February: 1,328,722,351 Outstanding 346,681,016 12,921,749 333,759,267 2,020,000 10,742 2,009,258 338,934,225 1,850,005 337,084,220 729,568,150 17,724,368 1,417,203,391 In the Treasury In circulation/ 32,506,864 March: 711,843,782 1,384,696,527 Outstanding 346,681,016 11,544,435 335,136,581 2,011,000 13,800 1,997,200 383,147,575 2,226,540 380,921,035 728,788,265 1,460,627,856 In the Treasury In circulation/ 16,684,105 712,104,160 30,468,880 April: 1,430,158,976 Outstanding 346,681,016 8,091,661 338,589,355 1,994,000 3,394 1,990,606 451,743,460 2,649,735 449,093,725 728,563,947 15,999,456 1,528,982,423 In the Treasury In circulation/ 26,744,246 May: 712,564,491 1,502,238,177 Outstanding 346,681,016 7,103,606 339,577,410 1,984,000 4,285 1,979,715 496,268,610 2,441,615 493,826,995 727,494,250 1,572,427,876 In the Treasury In circulation/ 15, 9/5,2/0 25,524,776 June: 711,518,980 1,546,903,100 Outstanding 346,681,016 10,719,778 335,961,238 1,976,000 5,922 1,970,078 547,407,960 2,995,185 544,412,775 728,210,255 18,067,914 710,142,341 1,624,275,231 In the Treasury.. .. In circulation/ 31,788,799 July: 1,592,486,432 Outstanding 346,681,016 10,543,308 336,134,708 1,967,000 7,805 1,959,195 584,169,800 3,002,855 581,166,945 728,483,362 1,661,301,178 In the Treasury In circulation...... 21,048,291 707,435,071 34,605,259 August: 1,626,695,919 Outstanding 346,681,016 6,641,049 1,960,000 13,534 644,911,800 2,801,345 730,346,605 21,494,623 1,723,899,421 In the Treasury In Federal reserve 30,950,551 banks 46,472,441 595,638,014 46,472,441 In circulation 340,039,967 1,946,466 708,851,982 September: 1,646,476,429 Outstanding ' 346,681,016 5,797,485 1,945,000 8,689 758,807,485 5,148,900 729,010,242 17,788,886 1,836,443,743 In the Treasury In Federal reserve 28,743,960 banks 46,835,218 In circulation 340,883,531 1,936,311 706,823,367 1 711,221,356 1,760,864,565 REPORT OF THE TREASURER OF THE UNITED STATES. 59 No. 11.— United States notes, Treasury notes, Federal reserve notes, and national-hank, notes outstanding, in the Treasury, and in circulation at the end of each month, from & January, 1912—Continued. v ; Months. United States notes. Treasury notes. Federal reserve notes. Nationalbank notes. Total. 1917—October: Outstanding In the Treasury X In Federal reserve banks $346,681,016 6,706,982 $1,934,000 13,209 $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 1,227,243,190 1,269,669,370 27,961,820 124,463,410 1,117,244,140 1,442,088,335 30,693,360 90,527,188 1,320,867,787 1,563,969,405 31,449,191 96,796,790 1,435,723,424 1,650,964,290 26,480,570 100,259,965 1,524,223,755 1,736,547,925 35,501,730 117,532,435 1,583,513,760 1,847,580,445 28,319,840 106,186,350 1,713,074,255 $729,246,800 14,730,190 $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 2,284,507,140 2,348,424,086 65,544,396 124,463,410 2,158,416,280 2,520,717,091 61,270,582 90,527,188 2,368,919,321 2,645,110,973 58,100,930 96,796,790 2,490,213,253 2,733,549,438 51,531,669 100,259,965 2,682,017,769 2,822,762,616 60,461,749 117,53’2,435 2,644,768,432 2,935,768,946 56,301,244 106,186,350 2,773,281,352 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 1918—January: Outstanding V In the Treasury In Federal reserve banks 337,899,788 346,681,016 13,849,488 1,908,063 1,907,000 6,502 717,456,099 730,166,700 23,726,586 In circulation February: Outstanding In the Treasury In Federal reserve banks 332,831,528 346,681,016 13,918,100 1,900,498 1,887,000 10,210 706,440,114 730,060,740 16,648,912 In circulation March: Outstanding In the Treasury In Federal reserve banks 332,762,916 346,681,016 11,485,378 1,876,790 1,879,000 4,311 713,411,828 732,581,552 15,162,050 In circulation April: Outstanding In the Treasury In Federal reserve banks 335,195,638 346,681,016 8,334,715 1,874,689 1,873,000 4,939, 717,419,502 734,031,132 16,711,445 In circulation May: Outstanding In the Treasury In Fede ral reserve banks.. 338,346,301 346,681,016 7,055,564 1,868,061 1,865,000 7,073 717,319,687 737,668,675 17,897,382 gi In circulation " June: Outstanding.. In the Treasury In Federal reserve banks 339,625,452 346,681,016 6,638,204 1,857,927 1,858,000 ■ 6,886 719,771,293 739,649,485 21,336,314 In circulation. 340,042,812 1,851,114 718,312,171 No. 12.—Gold certificates and silver certificates outstanding, in the Treasury, and in circulation at the end of each month, from January, 1912. Months. Gold certificates. Silver certificates. Total. 1912—January: Outstanding $1,035,612,369 71,458,840 964,153,529 1,025,723,369 66,580,573 959,142,796 1,028,432,369 81,295,114 947,137,255 $484,594,000 15,934,925 468,659,075 477,919,000 10,235,603 467,683,397 487,163,000 12,307,624 474,855,376 $1,520,206,369 87,393,765 1,432,812,604 1,503,642,369 76,816,176 1,426,826,193 1,515,595,369 93,602,738 1,421,992, 31 In the Treasury In circulation February: Outstanding In the Treasury In circulation March: Outstanding Tn the Treasury In circulation..” 60 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, 1912—Continued. t Months. Gold certificates. Silver certificates. Total. 1912—April: Outstanding §1,034,296,369 §486,191,000 §1,520,487,366 In the Treasury 82,329,040 10,883,976 93,213,019 In circulation 951,967,329 475,307,024 1,427,274,353 May: Outstanding 1,034,895,369 483,223,000 1,518,118,369 In the Treasury .* 74,588,040 11,489,859 86; 077; 899 In circulation “ 960,307,329 471,733,141 1,432,040,470 June: Outstanding 1,040,057,369 481,549,000 1,521,606,369 In the Treasury 96,621,751 12,324,600 '108; 946; 351 In circulation 943,435,618 469,224,400 1,412,660,018 July: Outstanding 1,037,068,369 487,825,000 1,524,893,269 In the Treasury 90,952,380 15,077,673 '106;030;053 In circulation ~ 946; 115; 889 472,747,327 1,418,863,216 August: Outstanding 1,053,126,269 489,512,000 1,542,638,269 In the Treasury 104,475,830 17,665,069 122,140,899 In circulation ~ 948,650.439 471,846,931 1,420,497,370 September: Outstanding 1,065,408,169 496,153,000 1,561,561,169 • In the Treasury 119,165,899 13,785,334 '132; 95i; 233 In circulation 946,242,270 482.367,666 1,428;609;936 October: Outstanding 1,056,017.169 489,266.000 1,545,283.169 In the Treasury 112.471,740 7,516,864 119,988,604 In circulation.“ 943'. 545,429 481,749,136 1,425,294,565 November: Outstanding 1.068,346,169 489,578,000 1.557,924,169 In the Treasury ' 126,588; 360 9.542.337 ' 136,130,697 In circulation. “ 941,757', 809 480.035,663 1,421', 793', 472 December: Outstanding 1.084.434.169 490.787,000 1.575,221,169 In the Treasury 128', 747,197 12,814,458 14L 561,655 In circulation “ 955,686,972 477,972,542 1,433,659'. 514 1913—January: Outstanding 1,086,351,169 478,209,000 1,564.560,169 In the Treasury 83.528,920 14.344,733 97,873; 653 In circulation.“ 1,002,822,249 463,864'. 267 1,466,686.516 February: Outstanding 1,082,198,169 469,324,000 1,551,522,169 In the Treasury 88,080;330 8.401.306 96,481,636 In circulation/ 994,117,839 460,922,694 1,455,040,533 March: Outstanding 1,068.610,169 474.826.000 1,543,436,169 In the Treasury 85,105,928 10,216,445 95,322; 373 In circulation 983,504,241 464.609,555 1,448; 113; 796 April: Outstanding 1,075,198,169 480.597,000 1.555.795,169 In the Treasury 85,005,170 11,405.472 96,410', 642 In circulation. 990.192,999 469.191.528 1,459,384,527 May: Outstanding 1,079.407.169 483,067.000 1,562,474,169 In the Treasury 81,819,775 15; 685,730 97', 505', 505 In circulation. 997.587,394 467,381,270 1,464,968,664 June: Outstanding 1,086,947,169 483.550.000 1«, 570,497,169 In the Treasury 82; 949', 460 14,421.408 97; 370,868 In circulation. ” 1.003,997,709 469,128,592 1,473,126.; 301 July: Outstanding 1,092.252,169 483,869,000 1,576,121.169 In the Treasury 91,691'. 755 13; 290', 883 ' 104; 982', 638 In circulation.", 1,000.560.414 470; 578; 117 1,471,138.531 August: Outstanding 1,101,842,169 487,853,000 1,589,695.169 In the Treasury 95.822,940 16,056.827 111,879.767 In circulation..” 1,006,019,229 47i; 796,173 1,477,815,402 September: Outstanding $1,091,006,169 §490,165,000 $1,581,171,169 In the Treasury 6i; us; oio nJ 429; 278 72,607,288 In circulation.”. 1,029,828,159 478,735,722 1,508,563,881 October: Outstanding 1,098,995,169 491,637,000 1,590,632,169 In the Treasury 77; 543; 290 nJ 557; 269 89;100;559 In circulation 1,021'451'879 480,079,731 l,5oi;53i;6io November: Outstanding 1,111,984 969 491,524,000 1,603 508 969 In the Treasury 95,781,571 13,834,731 109,616,302 W In circulation.” 1,016; 203; 398 477,’ 689; 269 1,493; 892; 667 REPORT OF THE TREASURER OF THE UNITED STATES. 61 No. 12.—Gold certificates and silver certificates outstanding, in the Treasury, and in circulation at the end of each month, from January, 1912—Continued. Months. Gold certificates. Silver certificates. Total. 1913—December: Outstanding $1,115,755,969 $489,461,000 $1,605,216,969 In the Treasury 87,778,450 11,755,978 99,534,428 In circulation 1,027,977,519 477,705,022 1,505,682,541 1914—January: Outstanding 1,138,711,969 483,909,000 1,622,620,969 In the Treasury 48,778,191 15,670,813 64,449,004 In circulation 1,089,933,778 468,238,187 1,558,171,965 February: Outstanding 1,140,698,969 473,873,000 1,614,571,969 In the Treasury 46,212,275 12,497,052 58,709,327 In circulation 1,094,486,694 461,375,948 1,555,862,642 March: Outstanding 1,142,471,969 469,749,000 1,612,220,969 Tn the Treasury 47,928,650 8,944,558 56,873,208 In circulation 1,094,543,319 460,804,442 1,555,347,761 April: Outstanding 1,158,997,869 467,033,000 1,626,030,869 In the Treasury 38,574,040 10^329^883 48,903,923 In circulation 1,120j 423j 829 456,703,117 1,577,126,946 May: Outstanding 1,138,602,869 479,579,000 1,618,181,869 In the Treasury 32,849,250 13,176,783 46,026,033 In circulation 1,105,753,619 466,402,217 1,572; 155; 836 June: Outstanding 1,080,974,869 490,850,000 1,571,824,869 In the Treasury 54,825,730 12', 248; 023 67,073,753 In circulation 1,026,149,139 478,601,977 1,504,751,116 July: Outstanding 1,024,046,869 487,157,000 1,511,203,869 In the Treasury 49,660,150 12', 555', 662 62,215,812 In circulation.. - 974,386,719 474,601,338 1,448,988,057 August: Outstanding 989,314,869 493,532,000 1,482,846,869 In the Treasury 44,692,318 12,126,826 56,819,144 In circulation - 944,622,551 481,405,174 1,426,027,725 September: Outstanding 973,777,869 493,367,000 1,467,144,869 In the Treasury 42,387,610 10,474,879 52,862,489 In circulation 931,390,259 482,892,121 1,414,282,380 October: Outstanding 946,979,869 493,832,000 1,440,811,869 In the Treasury 33,632,010 11,055,801 44,687,811 In circulation 913,347,859 482,776,199 1,396,124,058 November: Outstanding 972,298,869 485,218,000 1,457,516,869 In the Treasury 43,793,340 20,570,980 64,364,320 In circulation . 928,505,529 464,647,020 1,393,152,549 December: Outstanding . 967,974,869 480,259,000 1,448,233,869 In the Treasury 47,257,120 25,058,292 72,315,412 In circulation 920,717,749 455,200,708 1,375,918,457 1915—January: Outstanding 996,590,869 476,018,000 1.472,608,869 In the Treasury ' 38', 142', 830 23,404,726 61,547,556 In circulation 958,448,039 452; 613;274 1,411,061,313 February: Outstanding 1,019,100,769 481,678,000 1,500,778,769 In the Treasury 53,163,490 18,835,799 71,999,289 20,520,320 20,520,320 In circulation 945,416,959 462,842,201 1,408,259,160 March: Outstanding 1,045,641,769 494,743,000 1,540,384,769 In the Treasury 63,966,890 15,174,247 79,141,137 30,469,650 30,469,650 In circulation 951,205,229 479,568,753 1,430,773,982 April: Outstanding . 1,071,081,769 493,306,000 1,564,387,769 In the Treasury 42,569,540 13,593,579 56,163,119 Tn Federal reserve banks 1 41,064,500 41,064,500 In circulation 987,447,729 479,712,421 1,467,160,150 May: Outstanding 1,131,334,769 495,177,000 1,626,511,766 In the Treasury 49,659,950 12,652,252 62,312,200 Tn Federal reserve banks 1 54,180,800 54,180,802 T n nirei 11 ati nn 1.027.494,019 482,524,748 1,510,018,767 i Held by Federal reserve banks or federal reserve agents against issues of Federal reserve notes. 62 EEPORT 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, 1912—Continued. Months. , • Gold certifi-eates. Silver certificates. Total. 1915—June: Outstanding $1,218,432,769 83,219,150 62,365,800 ■8493,459,000 11,488,605 SI, 711,891,769 94,707,755 62,365,800 1,554,818,214 In the Treasury In Federal reserve banks1.... In circulation 1,072,847,819 481,970,395 July: Outstanding 1,240,639,769 94,437,830 79,965,800 1,066,236,139 485,669,000 9,742,072 1,726,308,769 104,179,902 79,965,800 1,542,163,067 In the Treasury In Federal reserve banks1 In circulation 475,926,928 August: Outstanding 1,304,852,769 73,794,210 89,065,800 1,141,992,759 483,764,000 9,139,479 1,788,616,769 82,933,689 89,065,800 1,616,617,280 In the Treasury In Federal reserve banks1.. In circulation 474,624,521 September: Outstanding 1,383,195,769 90,706,670 120,211,500 491,514,000 9,847,473 1,874,709,769 100,554,143 120,211,500 1,653,944,126 In the Treasury In Federal reserve banks1.... In circulation 1,172,277,599 481,666,527 October: Outstanding 1,471,890,769 96,497,980 148,920,000 1,226,472,789 498,193,000 11,341,213 1,970,083,769 107,839,193 148,920,000 1,713,324,576 In the Treasury In Federal reserve banks1 In circulation 486,851,787 November: Outstanding 1,550,614,769 123,447,370 168,506,800 1,258,660,599 499,020,000 9,926,445 2,049,634,769 133,373,815 168,506,800- 1,747,754,154 In the Treasury In Federal reserve banks1 In circulation 489,093,555 December: Outstanding 1,611,922,769 136,833,540 193,940,000 1,281,149,229 499,041,000 13,332,337 2,110,963,769 150,165,877 193,940,000 1,766,857,892 In the Treasury In Federal reserve banks1.... In circulation 485,708,663 1916—January: Outstanding 1,643,792,769 126,259,583 201,810,000 496,608,000 15,888,644 2,140,400,769 142,148,227 201,810,000- 1,796,442,542 In the Treasury In Federal reserve banks1 In circulation 1,315,723,186 480,719,356 February: Outstanding 1,629,023,769 134,360,110 493,413,000 11,391,249 2,122,436,769 145,751,359 169,188,000 1,807,497,410 In the Treasury In Federal reserve banks1 169' i§8'odd 1,325,475,659 In circulation 482,021,751 March: Outstanding 1,636,708,669 154,750,360 499,165, ODO 12,258,607 2,135,873,669 167,008,967 164,852,700 1,804,012,002 In the Treasury In Federal reserve banks1 164'852'700 1,317,105,609 In circulation 486,906,393 April: Outstanding 1,654,061,669 191,220,350 161,937,000 1,300,904,319 498,312,000 10,839,772 2,152,373,669 202,060,122 161,937,000 1,788,376,547 In the Treasury. In Federal reserve banks1 In circulation 487,472,228 May: Outstanding 1,694,599,669 218,472,060 163,047,000 1,313,080,609 499,738,000 9,735,222 2,194,337,669 228,207,282 163,047,000 1,803,083,387 In the Treasury In Federal reserve banks1 In circulation 490,002,778 June: Outstanding 1,729,565,669 164,165,380 151,577,000 1,413,823,289 499,451,000 9,540,063 2,229,016,669 173,705,443 151,577,000 1,903,734,226 In the Treasury In Federal reserve banks1 In circulation 489,910,937 July: Outstanding 1,750,037,669 194,932,410 145,946,000 1,409,159,259 493,640,000 9,653,301 2,243,677,669 204,585,711 145,946,000 1,893,145,958 In the Treasury In Federal reserve banks1 In circulation 483,986,699 August: Outstanding 1,790,785,669 171,584,180 152,976,000 1,466,225,489 492,344,000 10,337,443 2,283,129,669 181,921,623 152,976,000 1,948,232,046 In the Treasury In Federal reserve banks1 In circulation 482,006,557 Held by Federal reserve banks or Federal reserve agents against issues of Federal reserve notes, REPORT OF THE TREASURER OF THE UNITED STATES. 63 No. 12.—Gold certificates and silver certificates outstanding, in the Treasury, and in circulation at the end of each month, from January, 1912—Continued. Months. Gold certificates. Silver certificates. Total. 1916—September: Outstanding $1,855,457,669 $492,127,000 52,347,584,669 In the Treasury 150,509,400 9,022,254 159,531,654 In Federal reserve banks1 184,208,000 483,104,746 184,208,000 In circulation October: 1,520,740,269 2,003,845,015 Outstanding 1,910,325,669 490,443,000 2,400,768,669 In the Treasury <. 140,122,750 11,421,082 151,543,832 In Federal reserve banks1 207,829,600 479,021,918 207,829,600 In circulation November: 1,562,373,319 2,041,395,237 Outstanding 2,002,100,669 490,374,000 2,492,474,669 In the Treasury 197,796,350 12,083,711 209,880,061 In Federal reserve banks1 230,927,600 478,290,289 230,927,600 In circulation December: 1,573,376,719 2,051,667,008 Outstanding 2,056,886,669 493,348,000 2.550,234,669 In the Treasury 134,810,040 16,552,387 151,362,427 In Federal reserve banks1 262,046,600 476,795,613 262,046,600 In circulation 1917—January: 1,660,030,029 2,136,825,642 Outstanding 2,189,449,669 486,731,000 2,676,180,669 In the Treasury 140,897,230 20,760,922 161,658,152 In Federal reserve banks1 255,283,600 465,790,078 255,283,600 In circulation February: 1,793,268,839 2,259,238,917 Outstanding....; 2,226,747,669 490,855,000 2,717,602,669 In the Treasury 125,154,210 15,435,141 140,489,351 In Federal reserve banks1 In circulation March: 291,093,600 1,810,499,859 475,419,859 291,093,600 2,285,919,718 Outstanding 2,313,948,669 488,442,000 2,802,390,669 In the Treasury 107,493,800 12,093,984 119,587,784 In Federal reserve banks1 340,536,100 476,348,016 340,536,100 In circulation ; April: 1,865,918,769 2,342,266,785 Outstanding 2,454,612,669 491,873,000 2,946,485,669 In the Treasury 240,140,310 11,141,177 251,281,487 In Federal reserve banks1 401,589,350 480,731,823 401,589,350 In circulation May: 1,812,883.009 2,293,614,832 Outstanding 2,474,965,669 494,077,000 2,969,042,669 In the Treasury 304,404,734 11,531,787 315,936,521 In Federal reserve banks 1 434,464,600 482,545,213 434,464,600 In circulation June: 1,736,096,335 2,218,641,548 Outstanding 2,094,336,669 492,860,000 2,587,196,669 In the Treasury 510,100,760 15,675,158 525,775,918 In Federal reserve banks1 192,098.550 477,184,842 192,098,550 1,869,322,201 In circulation , July: 1,392, 137,359 Outstanding 2,054,313,669 490,129,000 2,544,442,669 In the Treasury 497,680,680 16,640,952 514,321,632 In Federal reserve banks1 227,227,100 473,488,048 227,227,100 In circulation August: 1,329,405,889 1,802,893,937 Outstanding. 2,062,919,669 488,092,000 2,551, Oil, 669 In the Treasury 538,748,850 15,791,232 554,540,082 In Federal reserve banks1 265,169,600 472,300,768 265,169,600 In circulation September: 1,259,001,219 1,731,301,987 Outstanding 2,053,427,669 488,230,000 2,541,657,669 In the Treasury • 509,594,500 11,218,161 520,812,661 In Federal reserve banks1 272,453,400 477,011,839 272,453,400 In circulation October: 1,271,379,769 1,748,391,608 Outstanding 2,056,527,669 487,196,000 2,543,723,669 In the Treasury 574,765,820 10,746,529 585,512,349 In Federal reserve banks1 260,880,840 476,449,471 260,880,840 In circulation November: 1,220,881,009 1,697,330,480 Outstanding 2,034,266,669 484,680,000 2,518,946,669 In the Treasury 640,454,700 10,212,595 650,667,295 In Federal reserve banks 1..... 238,899,980 474,467,405 238,891,980 In circulation 1,154,911,989 1,629,379,394 1 Held by Federal reserve banks or Federal reserve agents against issues of Federal reserve notes. 64 REPORT OF THE TREASURER OF THE UNITED STATES. No. 12.—-Gold certificates and silver certificates outstanding, in the Treasuary, and in circulation at the end of each month, from January, 1912—Continued. Months. Gold certificates. Silver certificates. Total. 1917—December: • Outstanding $1,979,616,669 $484,137,000 $2,463,753,669 In the Treasury 636,458,595 11,945,424 648,404,019 In Federal reserve banks1 246,297,230 472,191,576 246,297,230 In circulation 1918—January: 1,096,860,844 1,569,052,420 Outstanding 1,943,965,669 476,640,000 2,420,605,669 In the Treasury 660,407,569 15,654,441 676,062,010 In Federal reserve banks1 In circulation 268,277,720 1,015,280,380 460,985,559 268,277,720 1,476,265,939 February: Outstanding 1,924,302,669 471,910,000 2,396,212,669 In the Treasury •_ 669,199,785 12,482,054 681,681,839 In Federal reserve banks1 269,797,405 459,427,946 269,797,405 In circulation March: 985,305,479 1,444,733,425 Outstanding 1,903,903,669 464,904,000 2,368,807,669 Tn the Treasury 681,915,787 12,102,236 694,018,023 In Federal reserve banks1 246,935,950 452,801,764 246,935,950 In circulation April: 975,051,932 1,427,853,696 Outstanding 1,877,321,669 455,888,000 2,333,209,669 In the Treasury 697,866,020 13,818,260 711,684,280 In Federal reserve banks1 241,869,780 442,069,740 241,869,780 In circulation May: 937,585,869 1,379,655,609 Outstanding 1,842,070,669 432,795,000 2,274,865,669 In the Treasury 719,303,292 19,693,885 738,997,177 In Federal reserve banks1 214,277,430 413,101,115 214,277,430 In circulation June: 908,489,947 1,321,591,062 Outstanding 1,784,480,669 409,215,000 2,193,695,669 In the Treasury 757,849,000 30,003,532 787,852,532 In Federal reserve banks1 208,278,320 379,211,468 208,278,320 In circulation 818,353,349 1,197,564,817 1 Held by Federal reserve banks or Federal reserve agents against issues of Federal reserve notes. REPORT OF THE TREASURER OF THE UNITED STATES. 65 No. 13.—Estimated stock of all kinds of money at the end of each month, from January, 1912. [Notes include United States notes, Treasury notes, Federal reserve notes, and national-bank notes.] Months. 1 Gold. Silver. Notes. Aggregate. 1912—January $1,803,282,321 $729,889,816 $1,091,399,984 $3,624,572,121 February 1,794,552,027 732 571,923 1,093,993,289 3', 621,117; 239 March..." 1,798,389.525 730,343 025 i; 094; 562', 299 3,623; 294', 849 April 1,810,515,781 731,065,250 1,095,379,364 3; 636,960,'395 Mav D 813'036'395 735 206 944 i; 095; 130', 688 3; 643i 374', 027 June 1,818,188,417 735,937,225 1,094,745,008 3', 648,870; 650 July 1,823,609,925 736; 049; 065 i; 09i; 497; 957 .Bi 654; 156i 947 Auguso 1,832,083,564 736; 826; 875 i; 096,'066; 323 3; 664; 970; 762 September 1,841,382,435 737,' 174,' 324 1,097,315,670 3,675i872,429 October 1'856^835,157 737; 529', 554 1,098,865,875 3,693.221,586 November 1'867^348'261 738,805,776 1,099,679,792 3; 705; 833; 829 December 1' 878,577j 122 740; 019; 183 1,100,450,262 3,719,046,567 1913—January 1,875'626' 118 740;172'658 li 099; 935; 785 Si 715,734,561 February 1,867,220,698 740,434,016 i; 100; 540; 810 3', 708i 195; 524 March..." 1,858,569,894 740; 537; 968 1,101,462,348 3,700', 570; 210 April 1' 867' 087' 085 740,656,385 1,102,466,690 3,710,210', 160 May 1,861^369'895 740.889,896 li lOi; 663i 082 3,706,922,873 June 1,870,761,835 740; 809,259 i; 108,'498i 922 3', 720', 070; 016 July 1,872,993,458 741,215,684 i; losjeig; 207 3,722,828,349 August r. 1,881,440,176 741,294,890 i; Hi; 030; 045 3;733; 765,111 September 1.895,438.245 741 283,848 1,108,318,710 3,745,040,803 October l',905i 901' 516 741,922', 555 1 i 108', 170; 725 3', 755,994,796 November i; 917^ 498', 443 743; 169;773 1,106,414,488 3; 767; 082i 704 December i; 924,36o; 506 744', 024', 613 1,107,078,977 3,775,464,096 1914—January 1.916; 813; 556 744,666,218 1,103,242', 782 3;764,722,556 February ■ 1,920,268,748 745,284', 287 i; 102', 368,847 3; 767,921,882 March..." 1,927; 179,218 745;832j704 1', 101,' 232; 315 3', 774,244', 237 April 1,' 942;‘562', 107 746', 556; 532 li 100; 927,'782 3; 799; 046,421 Mav l,93i;342; 109 747; 013; 810 li 100; 695', 712 3,779,051,631 June 1,890,656,791 747; 840; 165 li 099; 791,915 3,738,288,871 July 1,887,270,664 748; 287', 696 1,100,021,037 3,735'. 579; 397 August 1,844,602,682 748,677,2S4 1,226', 636; 297 3,819,916; 263 September i; 861; 838,264 748', 937; 570 i; 426; 959; 792 4,037,735,626 October 1,835; 416; 298 749; 530; 892 1', 470', 535; 927 4,055,483,117 November 1,817,121,700 750,005,153 1,464,258', 092 4,031', 484,945 December. 1,815,976,319 750,455,105 1', 405,942,262 '3,972,373,' 686 1915—J anuary 1', 823', 747; 112 750,738,889 1,351,772; 874 3,926,258,866 February 1,'832; 428', 955 750; 836', 952 1,314,620,182 3,897; 886; 089 March.." 1,876,326,539 751,133,487 1,290,111,996 3,917,572,022 A pril 1,889; 142', 465 753', 340', 444 1,268,809,583 3,911,292,493 Mav 1'914', 785; 996 753;566:352 1,254,724,464 3,923,07b, 812 June b985; 539; 172 753;701,905 1.250,215,109 3,989,456', 186 Julv 2,005.399,539 753,749,001 1,249,412,889 4,009,561,429 - August 2,056,732,138 754; 158; 666 1,250,768,323 4,061,659,127 September 2; 141', 782; 259 755,099,238 1.273,777.476 4,170,658,973 October 2', 198; 113,762 755,002,041 1.295,758,607 4,248,874,500 November 2,260; 687; 547 756; 967.' 012 1,311.651,669 4,329,306,228 December 2,312; 444; 489 757; 400,624 1,332,143,224 4,401,988,337 1916—January 2,328; 42i; 835 757; 370', 863 1,332,443,084 4,418,235,782 February 2', 31$; 973; 327 755; 785; 541 1,307,093,649 4.381.852,517 March..." 2;316;94$;420 755,737,870 1,300,090,727 4,372.777,017 April 2:319; 548; 404 755j 840; 844 1,292,649,242 4,368,038,490 May 2,33i; 494,834 755,672,388 J, 2S7,799,209 4,374,966,431 June 2; 449; 706; 205 757; 128; 802 i;276,O24; 126 4,482', 859,133 July 2,500,229,564 755; 761.258 1,268,977.062 4,524,970,S84 August 2' 548.241,473 756', 286,861 1,275,883,167 4,580,411,501 September 2,636,009,568 758,139,935 1.305.239,579 4; 699,389,082 October 2.700,136,976 757,966,035 1,322,175; 476 4,780,278, 487 November 2,711,669,491 759;05i;485 1,349,327,330 4,850,048,306 December 2 864.841;650 761:765', 401 1,385,438,466 5; 012,045,517 1917—January 2.912,465,116 761,892,339 1,368,883,502 5,043:240,957 February.... 2,968; 355', 434 762', 639; 268 li 415', I83; 391 5,146.178,093 March 3,088,904,808 764j 587i 608 1,458.616,856 5,312,109,272 April 3; 12l', 887:443 766,' 085; 149 1,526,988,423 5; 414i 961,015 Mav 3,088,711,272 766,262,250 1,570,443,876 5,425,417,398 June 3,019,146,563 766,544,232 1,622,299,231 5,407,990,026 July 3,086,218,498 767,740,218 1,659,334,178 5,513,292,894 August ............. 3,062,614,285 769,107; 448 li 721,939,421 5,553'. 661,154 September §; 035', 390', 720 772,313,636 i; 834; 498', 743 5; 642,203', 099 October 3,041,549,041 778,133,758 2,004,771,536 5,824,454,335 November 3,010,472,040 782; 734', 813 2,202,921,056 6,026,127,909 December 3', 040; 439; 343 786; 496; 092 2,429,262,836 6,256,198,271 1918—J anu ary 3; 038:545; 652 789,351,226 2,346,517,086 6,174,413,964 February 3; 041,643', 270 791,074.695 2,518,830,091 6,351,548.056 March 3,042,708,319 791', 241,233 2', 643; 231,973 6,480,181,525 April ... ...... 3,042 711,222 766,566,970 2,731,676,438 6,540,954,630 May , 3,043,879,782 750i 230; 284 2,820;897.616 6,615,007,682 June 3; 075; 788; 838 731,372,510 2,933; 910,946 6; 74i; 072,294 87013—18----5 66 REPORT OF THE TREASURER OF THE UNITED STATES. No. 14.—Estimated amount of all kinds of money in circulation at the end of each month, from January, 1912. Months. Gold. Silver. Notes. Certificates. Total. 1912—January 5 $603,474,436 595,461,630 597,115,340 605,360,930 608,540,016 610,724,153 608,746,370 611,699,353 609,910,326 610,614,208 621,206,112 623,159,221 617,053,838 610,357,741 607,135,473 611,705,777 610,004,429 608,400,799 606,015,613 605,566,895 610,735,030 614,478,201 633,214,789 633,940,156 610,809,854 611,907,591 605,642,125 612,771,453 615,431,580 611,544,681 632,332,591 627,104,376 657,944,193 665,854,219 637,553,443 631,607,599 623,050,364 606,885,331 614,632,850 598,931,706 591,567,104 590,133,619 596,561,647 575,712,933 615,977,722 597,108,847 603,342,562 612,561,038 620,503,717 612,340,971 610,982,136 625,876,808 628,487,039 637,249,272 632,159,672 629,821,204 644,900,316 650,123,528 669,368,308 679,702,890 650,991,349 652,506,602 667,338,062 678,211,423 701,131,384 1,036,089,527 1,155,709,022 1,151,960,772 1,035,288,234 1,021,616,341 1,065,170,819 972,561,266 1,039,557,784 987,869,451 1,029,779,585 1,064,222,631 986,515,538 1,114,077,426 $215,997,219 216,414,734 211,296,047 211,441,300 214,661,266 215,373,772 215,687,586 217,185,320 217,624,853 225,179,562 225,231,466 231,252,306 227,294,842 225,903,079 225,403,040 225,659,196 226,216,601 226,585,263 227,581,576 228,672,436 231,072,357 234,498,340 237,129,036 238,675,160 233,581,006 232,431,546 231,389,138 230,437,304 230,309,395 230,266,183 230,110,548 231,713,186 232,289,425 232,743,841 232,817,124 233,184,049 227,956,698 225,946,275 224,587,030 223,513,320 223,661,505 223,913,111 223,578,517 224,040,793 227,189,902 229,972,066 234,114,162 236,667,435 233,516,812 231,282,411 231,515,953 233,087,555 234,509,277 237,832,978 237,564,582 239,677,285 248,023,430 250,886,697 257,127,986 262,502,184 259,108,254 260,573,023 262,367,118 262,777,531 264,650,950 265,677,472 266,785,591 269,584,658 276,002,047 283,824,382 289,317,660 294,304,082 291,638,601 291,008,485 292,414,967 292,910,673 293,787,221 294,503,829 $1,033,985,381 1,045,449,939 1,050,783,748 1,052,122,056 1,050,521,584 1,045,755,150 1,043,275,626 1,047,111,237 1,055,240,647 1,067,018,065 1,066,046,770 1,062,656,539 1,043,333,817 1,053,044,442 1,059,246,638 1,057,500,568 1,056,187,016 1,055,626,086 1,052,155,403 1.053,801,042 1,052,106,302 1,066,601,527 1,070,013,297 1,069,070,498 1,039,017,438 1,049,572,630 1,057,645,403 1,055,889,676 1,062,177,501 1,055,453,447 1,055,937,734 1,193,758,505 1,390,232,198 1,420,800,188 1,366,695,116 1,304,456,011 1,222,061,800 1,220,062,658 1,214,583,992 1,203,433,700 1,202,140,804 1,200,354,630 1,201,401,791 1,209,061,651 1,233,193,008 1,258,995,563 1,273,850,103 1,293,097,806 1,283,215,806 1,274,680,800 1,270,970,903 1,262,939,892 1,257,508,197 1,245,281,286 1,237,131,460 1,249,128,617 1,281,752,454 1,298,756,727 1,325,831,932 1,361,901,918 1,328,722,351 1,384,696,527 1,430,158,976 1,502,238,177 1,546,903,100 1,592,486,432 1,626,695,919 1,646,476,429 1,760,864,565 1,922,157,145 2,101,502,479 2,284,507,140 2,158,416,280 2,368,919,321 2,490,213,253 • 2,581,757,804 2,644,768,432 2,773,281,352 i 1,432,812,604 1,426,826,193 1,421,992,631 1,427,274,353 1,432,040,470 1,412,660,018 1,418,863,216 1,420,497,370 1,428,609,936 1,425,294,565 1,421,793,472 1,433,659,514 1,466,686,516 1,455,040,533 1,448,113,796 1,459,384,527 1,464,968,664 1,473,126,301 1,471,138,531 1,477,815,402 1,508,563,881 1,501,531,610 1,493,892,667 1,505,682,541 1,558,171,965 1,555,862,642 1,555,347,761 1,577,126,946 1,572,155,836 1,504,751,116 1,448,988,057 1,426,027,725 1,414,282,380 1,396,124,058 1,393,152,519 1,375,918,457 1,411,061,313 1,408,259,160 1,430,773,982 1,467,160,150 1,510,018,767 1,554,818,214 1,542,163,067 1,616,617,280 1,653,944,126 1,713,324,576 1,747,754,154 1,766,857,892 1,796,442,542 1,807,497,410 1,804,012,002 1,788,376,547 1,803,083,387 1,903,734,226 1,893,145,958 1,948,232,046 2,003,845,015 2,041,395,237 2,051,667,008 2,136,825,642 2,259,238,917 2,285,919,718 2,342,266,785 2,293,614,832 2,218,641,548 1,869,322,201 1,802,893,937 1,731,301,987 1,748,391,608 1,697,330,480 1,629,379,394 1,569,052,420 1,476,265,939 1,444,733,425 1,427,853,696 1,379,655,609 1,321,591,062 1,197,564,817 $3,286,269,640 3,284,152,496 3,281,187,766 3,296,198,639 3,305,763,336 3,284,513,093 3,286,572,798 3,296,493,280 3,311,385,762 3,328,106,400 3,337,277,820 3,350,727,580 3,354,369,013 3,344,345,795 3,339,898,947 3,354,250,068 3,357 376 710 3,363,738,449 3,356,891,123 3,365,855,775 3,402,477,570 3,417,109,678 3,434,249,789 3,447,368,355 3,441,580,263 3,449,774,409 3,450,015,427 3,476,225,379 3,480,074,312 3.402,015,427 3,367,368,930 3,478,603,792 3,694,748,196 3,715,522,306 3,630,218,232 3,545,166,116 3,484,130,175 3,461,153,424 3,484,577,854 3,493,038,876 3,527,388,180 3,569,219,574 3,563,705,022 3,625,432,657 3,730,304,758 3,799,471,052 3,859,060,981 3,909,184,171 3,933,678,877 3,925,801,592 3,917,480,994 3,910,280,802 3,923,587,900 4,024,097,762 4,000,001,672 4,066,859,152 4,178,521,215 4,241,162,189 4,303,995,234 4,440,932,634 4,498,060,871 4,583,695,870 4,702,130,941 4,736,841,963 4,731,326,982 4,763,575,632 4,852,084.469 4,799,323; 846 4,820,546,454 4,924,928,348 5,085,370,352 5,120,424,908 4,965,878,604 5,092,530,682 5,240,261,501 5,318,546,717 5,246,662,253 5,379,427,424 February March April May June July August September October. November .. December 1913—January February March April May June July August September... October November December 1914—January 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 REPORT OF THE TREASURER OF THE UNITED STATES, 67 No 15.—Assets of the Treasury other than gold, silver, notes, and certificates at the end of each month, from January, 1912. Months. Minor coin. Fractional currency. Deposits in Federal reserve and national banks. Deposits in treasury of Philippine Islands. Bonds and interest paid. Total. 1912—January $1,797,922 2,050,105 2,330,084 2,571,412 2,689,355 2,386,925 2,239,191 2,069,781 1,933,270 1,760,666 1,203,922 877,126 1,345,416 1,246,430 1,356,700 1,717,150 1,930/574 1,997,167 1,972,362 1,828,161 1,652,513 1,326,015 1,123,767 1,087,314 1,733,472 1,789,323 1,877,887 1,905,680 2,048,954 2,117,481 2,179,613 2,233,774 2,153,251 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 1,748,110 913,070 653,632 1,130,787 1,103,194 856,399 785,301 1,048,414 905,004 771,094 758,974 631,295 818,375 769,225 631,026 1,381,024 1,346,375 1,577,163 1', 371,512 1,230,950 1,274,092 1,076,432 902,533 455,424 461,450 313,196 625,037 1,300,067 1,666,792 1,992,109 2,638,551 3,239,823 3,132,800 ‘$1,058,487 1,074,287 1,039,299 658,055 741,798 723,619 896,538 695,804 748,559 910,803 861,271 704,473 844,999 955,914 10,690 51,917 16,358 343,468 915,058 238,702 286,345 180,582 422,012 471,737 337,580 650,234 439,714 255,524 504,761 380,150 440,731 115,493 344,707 10,435 567,723 274,473 330,703 226,451 446,789 234,789 353,584 483,392 323,335 183,956 237,810 2 783,989 1,305,623 1,373,608 1,235,804 633,242 517,109 551,583 628,747 396,977 276,532 400,954 439,381 526,811 882,990 1,095,866 1,435,089 1,033,707 392,830 417,498 568,852 1,206,887 1,570,755 1,132,649 939,935 959,549 585,641 1,228,151 3,224,327 1,940,179 6,482,960 4,232,064 979,141 1,578,910 $47,439,242 46,748,305 44,961,011 44,839,428 47,525,400 48,506,185 47,924,685 47,417,809 47,136,906 46,787,010 46,798,058 46,524,543 46,580,888 49,068,482 47,731,531 48,239,524 52,314,252 76,263,615 64,369,295 60,747,275 85,206,999 98,069, 011 99,472,168 92,302,428 84,701,289 74,085,499 63,040,181 58,706,917 61,006,148 85,043,770 62,157,564 74,816,333 72,741,460 72,597,116 81,705,082 77,879,829 71,469,601 67,597,309 57,916,676 53,305,499 52,059,950 85,150,250 51,231,568 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 85,850,103 176,314,350 95,312,556 88,645,228 79,592,936 69,541,327 66,070,037 67,418,737 62,565,603 51,319,002 89,167,023 150,466,488 248,649,220 1,134,276,131 512,187,109 535,344,055 502,962,183 1,061,253,322 1,867,170,256 846,174,142 878,340,362 1,045,011,925 984,931,595 930,362,662 1,466,131,621 1,665,695,573 $6,470,553 5,316,837 4,923,814 6,047,267 5,659,006 4,544,196 5,051,665 6,020,499 6,506,882 6,739,170 6,849,320 6,269,211 6,380,564 4,847,339 5,192,919 5,320,282 5,570,176 3,972,380 4,828,638 4,886,001 4,625,571 4,241,272 4,996,150 7,531,182 6,559 222 5,671,678 5,632,374 4,516,329 4,782,622 3,894:909 4,375,158 3,831,870 3,821,730 4,874,295 5,021,660 3,474,247 4,501,130 5,131,767 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 5,834,468 4,999,372 5,826,330 4,963,552 3,968,123 4,626,025 3,529,458 4,773,792 3,945,023 3,418,793 4,361,700 5,543,124 5,103,550 5,581,992 4,363,035 3,724,685 2,081,410 5,755,075 3,250,496 3,991,809 4,279,127 6,000,909 3,720,176 5,051,501 4,686,784 4,733,542 3,959,894 7,015,450 4,992,603 $6,969 21,633 4,037 4,560 9,561 34,623 5,191 30,344 13,425 5,736 20,349 2,528 7,282 85,209 56,927 13,746 87,531 11,000 $56,773,173 55,211,167 53,258,245 54,120,722 56,625,120 56,195,548 56,117,270 56,234,237 56,339,042 56,203,385 55,732,920 54,377,881 55,159,149 56,203,374 54,348,767 55,348,619 59,918,891 82,587,630 72,085,353. 67,700,139 91,771,428 103,816,880 106,014,097 101,392,661 93,331,563. 82,196,734 70,990,156 65,384,450 68,342,485 91,446,056-69,153,069 80,997,470 79,061,148 79,527,726 89,033,445 83,146,310 78,564,487 75,520,573 64,020,161 61,767,839 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 82,372,214 84,838,193 92,490,816 181,588,315 100,986,207 93,334,614 85,437,404 74,831,536 71,141,045 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 1,477,366,035 1,677,344,240- February March April May June J uly August September October November December 1913—January February March April May June .. July August September October .. November .. . December 1914 January February March April May June 9,749 July ... . August September October November December 1915—January February March April May . - .. June 11,344 July August September.., October November December 1916—January February .. . March.. April May June 3,861 July August Se ptember October November December 1917—January F ebruary March April May June 20,944 July August September October N o vem her December 1918—January February March April May 1,944,354 June 1 Including certified cheeks on banks from and after this date. 2 Also includes unassorted currency from and after this date. 68 REPORT OF THE TREASURER OF THE UNITED STATES. No. 16.—Assets of the Treasury at the end of each month, from January, 1912. Months. Gold. Silver. Notes. Certificates. Other. Total. 1912—January $1,199,807,885 $518,426,770 $57,414,603 $87,393,765 $56,773,173 $1,919,816,196 February 1,199,090,397 520,630,837 48,543,350 76,816,176 55,211,167 1,900,291,927 March 1', 201', 274,185 523,760,855 43,778,551 93.602,738 53,258,245 1.915.674,574 April. 1,205,154,851 524,445,743 43,257,308 93,213,016 54,120,722 1.920,191,640 May 1,204,496,379 525,186,167 44,609,104 86,077,899 56,625,120 1,916.994,669 June 1,207,464,264 525,564,311 48,989,858 108,946,351 56,195,548 1,947,160,332 July 1,214,863,555 525,568,278 51,222,331 106,030,053 56,117,270 1.953 801,487 August 1,220.344,211 524,543 358 48,955,086 122,140,899 56,234,237 1.972.257,791 September 1,211,472,109 524,846 121 42,075,023 132 951,233 56,339 042 1,987,683,528 Octol er 1,246,220,949 517,764,174 31,847 810 119,988,604 56,203.385 1,972.024,922 November 1,246, 142,149 515,336,462 33,633,022 136,130,697 55,732,920 1,986,975,250 December 1,255,417,901 512,906,057 37,793,723 141,561,655 54,377.881 2,002,057,217 1913—January 1,258,572,280 517,327,450 56,601,968 97,873,653 55,159,149 1,985,534,500 February 1,256,862,957 519,086,124 47,496,368 96,481,636 56,203 374 1,976,130,459 March 1,251,434,421 519,743 999 42,215,710 95,322.373 54,348,767 1,933,065,270 April 1,255,381.308 519,677,375 44,966,122 96,410,642 55,348,619 1,971,784,066 May 1,251,365.466 519,393,105 48,476,066 97,505,505 59,918,891 1,976,659,033 June 1,252.361.036 518,948,328 52,872.836 97,370.868 82,587,630 2 014,140,698 July 1,266,977,845 518', 420; 396 56 413 804 104,982,638 72,085 353 2,018,930 036 August.. 1,275,873,281 517,388 166 57 229 003 111,879,767 67,700,139 2,030,070 356 September 1,284,703 215 514,847,-527 56 212,408 72,607,238 91,771,428 2,020,141,866 October 1.291,423 315 511,936,341 41,569.198 89,100,559 103 816,880 2 037.846 293 November.... 1,284,283 654 510,511,958 36,401,191 109,616.302 106.014.097 2.046,827.2)2 December 1,290 420 350 509,509,059 38,008.479 99,534 428 101,392,661 2 038,864.977 1914—January 1,306,003,702 515,879,000 64,225,344 64,449,004 93.331,563 2.043,888,613 February 1.308.361,157 518,094 653 52'. 796 217 58,709'327 82 196,734 2.02) 158,088 March./ 1.321,537,093 519 918,752 43.586,912 56,873 2)8 70,990.156 2 012,906 121 April 1,329,790,654 521,441.990 45.038,106 48,903,923 65 384.450 2,010,559,123 May 1,315^910.529 522', 551.174 38,518 211 46,026,033 68.342,485 I 991,348.432 June 1 279 112 110 522,867,166 44,338,468 67,073,753 91,446,059 2,004; 837,556 July 1.254,938,073 523;931.328 44,083,304 62,215,812 69,153,066 1,954,321,583 August 1.217,498,396 523,177,198 32 877,792 56,819 144 80', 997.470 1,911,369;910 September 1,203;894; 071 522,837 708 36,727.594 52,862,489 79 061' 148 1.895 383 010 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 1,223,463.212 531 075 748 94 557 524 71.999 2^9 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 1,285,098,425 533 923 619 67,666,883 56,163,119 61,767.839 2,001,619,885 May 1,318,211,078 534,079,508 54,853,660 62,312,202 59 813,324 2.029,269,772 June 1,382,959.989 531,062,472 52,114,479 94,707,755 93,296,335 2.157,141,029 July 1,403,207,990 531', 481,703 50,256;098 10i;179,902 59,72>;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; 75i; 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 2,507.691,542 April 1,685,407,916 528,380,339 31,835,350 202.060.122 84,838; 193 2.532,521,920 May 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;i66 July i;858,968,040 524; 305; 098 33,937,602 204;585,711 100,986', 207 2,722', 782,658 August.. 1,907,707,688 522,221,548 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 2,039,168,318 513,545,619 25,473,749 151,543,832 74,831,536 2,804,563,084 November.... 2,059,974,155 509,631,183 25,544,398 209', 880,061 7i;141,045 2;876;170,842 December 2,174,602,909 506,315,021 25,580,518 151,362,427 73.507.329 2.931 368.234 1917—January 2,250.6’6,418 508,183,639 42,193,151 161,658,152 70.924,8 0 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 50i;839;il2 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 2,3.58,411,326 500', 700; 251 38,854,153 650;667;295 i;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 61i270;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 2,413,908;438 479,096,396 51/531; 669 71/684; 280 94i;193;171 4;597;413,954 May 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;24i;028 56; 30i;244 787;852;532 i;677;344;240 5; 451; 694; 011 REPORT OF THE TREASURER OF THE UNITED STATES, 69 No. 17.—Liabilities of the Treasury at the end of each month, from January, 1912. Months. Certificates and Treasury notes. Agency account. Balance. Total. 1912—January $1,523,203,369 $123,139,324 $273,413,503 $1,919,816,196 February 1,506,682,369 121,716,855 271,892,703 1,900,291,927 March.. J 1,518,605,369 115,535,109 281,534,096 1,915,674,574 April 1,523,465,369 121,112,324 275,613,947 1,920,191,640 May 1,521,075,369 118,921,742 276.997,558 1,916,994,669 June 1,524,535,369 105,472,484 317,152,479 1,947,160,332 July 1,527,804,269 114,348,431 311,648,787 1,953,801,487 A ugust 1,545,522i 269 122,093,738 304,641,784 1,972,257,791 September. 1,564,416,169 121,420,744 299,846,615 1,987,683,528 October 1,548,119,169 125,181,534 298,724,219 1,972,024,922 November 1,560,737,169 126,291,661 299,946,420 1,986,975,250 December 1,578,018,169 130,462,667 293,576,381 2,002,057,217 1913—January 1,567,333,169 122,355,311 295,846,020 1,985,534,500 February i; 554', 264; 169 124,829,607 297,036,683 1,976,130,459 March 1,546,158,169 118,410,821 298,496,280 1,963,065,270 April 1,558,504,169 121,946,853 291,333,044 1,971,784,066 May 1,565,162,169 127,519,583 283,977,281 1,976,659,033 June 1,573,157,169 125; 022; 544 315,960,985 2,014,140,698 July 1,578,766,169 157,900,247 282,263,620 2,018,930,036 a ugust 1', 592; 324; 169 160,535,068 277,211,119 2,0’0,070,356 September 1,583,778,169 162,947,084 273,416,613 2,020,141,866 October 1,593,222,169 169,700,621 274,923,503 2,037,846,293 November 1,606,082,969 171,278,121 269,466,112 2,046,827,202 December 1,607,771,969 169,238,690 261,854,318 2,018,864,977 1914—January 1,625,159,969 163,967,376 254,761,268 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 A pril - 1,628,511,869 151,809,740 230,237,514 2,010,559,123 May 1,620,641,869 146,555,550 224,151,013 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 4 ugusi 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—J anuary 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 March.. 1,542,681,769 257,887,984 208,009,478 2,008,579,231 A pril 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 1,876,921,769 169,540,088 216,978,070 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 1 gig—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 J une 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 A ugust 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 N ovember 2,494,521,669 176,848,116 204,799,057 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 A pril 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 A ugust 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 1018 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 A pril. . 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 70 REPORT OF THE TREASURER OF THE UNITED STATES. No. 18.— United States notes of each denomination issued, redeemed, and outstanding at the close of each fiscal year from 1911. Denominations. Issued during year. Total issued. Redeemed during year. Total redeemed. Outstanding. 1911. One dollar $188,364,160 $5,964.00 $186,527,568.80 $1,836,591.20 Two dollars. 186,763,048 6,026.00 185,380,796.20 1,382,251.80 Five d ollars $111,860,000 912,311,760 74,902,160.00 760,563,590.00 151,748,170.00 Ten d ollars 33,000,000 1,465,751,240 60,988,890.00 1,343,945,684.00 121,805,556.00 Twenty dollars 543,322,400 4,453,460.00 527,694,278.00 15,628,122.00 .Fiftv dollars 147,015,200 281,100.00 144,988,675.00 2,026,525.00 One hundred dollars 193,304,000 1,312,900.00 190,790,700.00 5,513,300.00 Five hundred dollars.... 221,926,000 1,216,500.00 216,725,500.00 5,200,500.00 One thousand dollars.... 2,000,000 454,328,000 3,693,000.00 411,798,000.00 42,530,000.00 Five thousand dollars... 20,000,000 20,000,000.00 Ten thousand dollars.... 40,00ft, 000 39,990,000.00 10,000.00 Total 146,860,000 4,376,035,808 146,860,000.00 4,028,404,792.00 347,681,016.00 Unknown, destroyed.... 1,000,000.00 1,000,000.00 Net 146,860,000 4,376,035,808 146,860,000.00 4,029,404,792.00 346,681,016.00 1912. One dollar 188,364,160 5,597.00 186,533,165.80 1,830,994.20 Two dollars 186,763,048 7,293.00 185,388,089.20 1,374,958.80 Five dollars 107,180,000 1,019,491,760 89,878,240.00 850,441,830.00 169,049,930.00 'Ten dollars 42,480,000 1,503,231,240 50,147,630.00 1,394,093,314.00 114,137,926.00 Twent" dollars 543,322,400 3,435,690.00 531,129,938.00 12,192,432.00 F ifty dollars 147,015,200 185,150.00 145,173,825.00 1,841,375.00 One hundred dollars 193,304,000 816,900.00 191,607,600. 00 4,696,400.00 Five hundred dollars.... 221,926,000 730,500.00 217,456,000.00 4,470,000.00 One thousand dollars.... 454,328,000 4,453,000.00 416,251,000.00 38,077,000.00 Five thousand dollars... 20,000.000 20,000,000.00 39,990,000.00 Ten thousand dollars.... 40,000,000 . 10,000.00 Total 149,660,000 4,525,745,808 149,660,000.00 4,178,0'54,792.00 347,681,016.00 Unknown, destroyed.... 1,000,000.00 1,000,000.00 Net 149,660,000 4,525,745,808 149,660.000.00 4,179,034,792.00 346,681,016.00 1913. One dollar 188,364,160 4,012.00 186,537,177.80 1,826,982.20 Two dollars..... 186,763,048 3,918.00 185,392,007.20 1,371,040.80 Five dollars 135,520,000 1,155,011,760 109,762,350.00 930,204,180.00 194,807,580.00 Ten dollars 27,480,000 1,535,711,240 45,680,430.00 1,439,773,744.00 95,937,496.00 Twent ■ dollars 543,322,400 2,127,540.00 533,257,505.00 10,054,892.00 Firt" dollars 147,015,200 154,150.00 145,327,975.00 1,687,225.00 One hundred dollars 193,304,000 488,600.00 192,096,200.00 4,207,800.00 Five hundred dollars.... 221,926,000 435,000.00 217,891,000.00 4,035,000.00 One thousand dollars.... 454,323,000 4,344,000.00 420,595,000.00 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 4,688,745,808 163,000,000.00 4,341,064,792.00 347,681,016.00 Unknown, destroyed.... 1,000,000.00 1,000,000.00 Net 163,000,000 4,688,745,808 163,000,000.00 4,342,064,792.00 346,681,016.0 1914. One dollar $188,364,160 $3,764.00 $186,540,941.80 $1,823,218.20 Two dollars 186,763,018 3,816.00 185,395.823.20 1,367,224.80 Five dollars $129,460,000 1,281,471,760 121,270,850.00 1,081,475,050.00 202,996,730.00 Ten dollars 36,900.000 1,572,671,210 39,144,2 0.00 1,478,917,984.00 93,753,256.00 Twenty dollars 513,322,400 1,594,080.00 534,851,588.00 8,470,812.00 Fifty dollars 200,000 147,215,200 196,950.00 145,524,925.00 1,690,275.00 One hundred dollars... - - 196,301,000 432,800.00 192,529,000.00 3,775.000.00 Five hundred dollars.... 300,000 222,226,000 467,500.00 218,358.500.00 3,867,500.00 One thousand dollars.... 1,300,000 455,628.000 5,106,000.00 425,701,000.00 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 4,856,965,808 168,220,000.00 4,509,284.792.00 347,681,016.00 Unknown, destroyed.... 1,000,000.00 1,000,000.00 Net 168,220,000 4,856,965,808 168,220,000.00 4,510,284,792.00 346,681,016.00 1915. One dollar 188,364,160 3,678.00 186,544,619.80 1,819,540.20 Two dollars 186,763,018 3,612.00 185,399,435.20 1,363.612.80 Five dollars 103,580,000 1,388,051,760 104,453,570.00 1,185,928,600.00 202,123,160.00 Ten dollars 52,880,000 1,625,551,240 38,675,260.00 1,517,593,214.00 107,957,996.00 Twenty dollars 880,000 544,202.400 1,258,180.00 536,109,768.00 8.092,632.00 REPORT OF THE TREASURER OF THE UNITED STATES, 71 No. 18.— United States notes of each denomination issued, redeemed, and outstanding at the close of each fiscal year from 1911—Continued. Denominations. Issued during year. Total issued. Redeemed during year. Total redeemed. Outstanding. 1915. Fifty dollars - One hundred dollars Five hundred dollars.... One thousand dollars.... Five thousand dollars §600,000 50,000 2,000,000 §147,815,200 196,301,000 222,276,000 457,628.000 20,000,000 40,000,000 $259,900.00 791,300.00 1,168,500.00 13,376,000.00 §145,784,825.00 193,320,300.00 219,527,000.00 439,077,000.00 20,000,000.00 39,990,000.00 §2,030,375.00 2,983,700.00 2,749,000.00 18,551,000.00 Ten thousand dollars.... 10,000.00 Total U nknown 159,990,000 5,016,955,808 159,990,000.00 4,669,274,792.00 1,000,000.00 347,681,016.00 1,000,000.00 Net 159,990,000 5,016,955,808 159,990,000.00 4,670,274,792.00 346,681,016.00 1916. One dollar •... Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars.... One thousand < ollars.... 144,140,000 21,760,000 500.000 600,000 188,364,160 186,763,018 1,532,191,760 1,650,311,210 544,202,400 147,815.200 196,301,000 222,776,000 458,228,000 20,000,000 40,000,000 3,363.00 5,572.00 115,589.015.00 48,369,150 00 1,245,900 00 ■313,900.00 389,100.00 522,000.00 3,562,000.00 186, 547,982.80 185,405,007.20 1,301,517,615.00 1,565,962,394.00 537,355,668.00 146,098,725.00 193,709,400.00 220,019,000.00 442.639,000.00 20, ()00,000.00 39,990,000.00 1,816,177.20 1,358,010.80 230,674.145.00 84,348,846.00 6,846,732.00 1,716,475.00 2,594,600.00 2,727,000.00 15,589,000.00 Ten thousand dollars.... 10,000.00 Total Unknown, destroyed 170,000,000 5,186,955,808 170,000.000.00 4,839,274,792.00 1,000.000.00 347,681,016.00 1,000,000.00 Net 170,000,000 5,186,955,808 170,000,000.00 4,840,274,792.00 346,681,016.00 1917. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars..... Five hundred dollars.... One thousand dollars.... 10,304,000 9,216,000 141,520.000 22,480,000 6,240,000 7,100,000 198,668,160 195,979,018 1,673,711,760 1,672,791,240 550.442,400 147,815,200 196,301,000 222,776,000 465,328,000 20,000.000 40,000,000 407,879.00 312,206.00 144,546,845.00 39,771,650.00 1,264,820.00 262,400.00 325,700.00 384,500 00 9,584,000.00 186,955,861.80 185.717,213.20 1,446,064,460.00 1,605,734.044.00 538,620,488.00 146,361,125.00 194,035,100 00 220,433,500.00 452,223,000.00 20,000,000 00 39,990,000.00 11,712,298.20 10,261,834.80 227,647,300.00 67,057,196.00 11,821,912.00 1,454,075.00 2,268,900.00 2,342,500.00 13,105,000.00 Ten thousand dollars.... 10,000.00 Total Unknown, destroyed 196,860,000 5,383,815,808 196,860,000.00 5,036,134,792.00 1,000.000.00 347,681,016.00 1,000,000.00 Net 196,860,000 5,383,815,808 196,860,000.00 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. 37,828,000 37,352,000 119,280.000 10,080.000 1,680,000 800,000 3,500,000 2,300,000 236,496,160 233,331,018 1,792,991,760 1,682,871,210 552,122,400 147,815,200 197,101,000 226,276,000 467,628,000 20,000,000 40,000,000 12,405,818.00 12,601,492.00 144,739,815.00 28,014,515.00 3,091,230.00 227,000.00 1,066,100.00 4,333,000.00 6,308,000.00 199,361,679.80 . 198,321,705.20 1,590,801,275.00 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 Ten thousand dollars.... 10,000.00 Total Unknown, destroyed.... 212,820,000 5,596,635,808 212,820,000.00 5,248,954,792.00 1,000,000.00 347,681,016.00 1,000,000.00 Net, 212,820,000 5,596,635,808 212,820,000.00 5,249,954,792.00 346,681,016.00 REPORT OF THE TREASURER OF THE UNITED STATES. No. 19.— Treasury notes of 1890 of each denomination issued, redeemed, and outstanding at the close of each fiscal year from 1912. Denominations. Issued during year. Total issued. Redeemed during year. Total, redeemed. Outstanding. 1912. 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 $10,762 9,318 67,700 131,990 70,880 1,350 21,000 4,000 $64,330,394 49,566,256 120,051,840 103,781,530 35,325,030 1,160,450 17,833,500 52,457,000 $373,606 241.744 688,160 898,470 434,970 14.550 166,500 111, 000 Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars One thousand dollars Total 447,435,000 317,000 444,506,000 2,929.000 1913. 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 7,645 6,545 56,110 111,050 55,600 1,050 19,000 12,000 64,338,039 49,572,801 120,107,950 103,892,580 35,380,630 1.161,500 17,852,500 52,469,000 365,961 235.199 632,050 787,420 379,370 13,500 147.500 99,000 Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One”hundred dollars One thousand dollars Total 447,435,000 269,000 444,775,000 2,660,000 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 83.820 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 97,000 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 REPORT OF THE TREASURER OF THE UNITED STATES. 73 iding 1 No. 20.—Gold certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year from 1913. ling. ,606 744 160 470 970 550 500 300 >00 61 19 >0 !0 0 0 0 1 ) Denominations. Issued during year. Total issued. Redeemed during year. Total redeemed. Outstanding. 1913. Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars One thorn and dollars Five thousand dollars Ten thousand dollars Total 1914. Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars One thousand dollars Five thousand dollars Ten thousand dollars Total §179,360,000 103,6’0,000 19,400,000 24,400,000 4,100,000 10,500,000 10,000 000 117,070,000 .$651,668,000 960,800,000 207,800,000 299,434,300 119,444,000 353,881,000 736,540,000 1,894,950,000 §117,389,190 82,625,760 15,727,800 20,377,950 4,039,500 12,320,000 28,290,000 141,070,000 §363,261,890 6S3,248,796 149,074,745 215,2’4.700 101,144,500 288,935,500 659.810,000 1,677,030,000 §288,406,110 277,551,204 58,725,255 84,149,600 18,299,500 64,945,500 76,730,000 217,920,000 463,510,000 5,224,517,300 421,840.200 4,137,790,131 1,086,727,169 135.320,000 77i 230,000 16,300,000 24.600,000 6,700,000 21,500,000 33,500,000 189,820,000 786,988,000 1,038,030,000 224,600,000 324,034,300 126,144,000 375,381,060 770,040,000 2,084,770,000 141,170,450 87,537,150 16,866,000 20,789,700 3,662,000 19,377,000 36,770,000 185,100,000 504,432.340 770,785,946 165.940,745 236^ 074,400 104,8’06,500 308,312,500 696,5’0,000 1,862,130,000 2’2,555,660 267,294,054 5\ 659,255 87,959,900 21,337,500 67,068,500 73,460,000 222,640,000 505,520,000 5.730,037,300 511,272,300 4,649,062,431 1,080,974,869 1915. Ten dollars Twenty dollars Fihy dollars One hundred dollars Five hundred dollars One thousand dollars Fi e 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 Fi ■ e 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, tOO, 000 339,234,300 128,294,000 411,381,000 825; 010,000 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 2,031,940,000 214,940,420 214,2’5,894 46,567,355 79,354,100 19,801,500 85,3^8,500 95.885,000 462,000,000 606,400,000 6,336,437,300 469,192,100 5,118,254,531 1,218,1’2,769 172,160,000 100,000,000 18,400,000 23,200,000 7,550,000 36,500,000 31,500,000 509,580,000 1,007,188,000 1,173,120,000 218,800,000 362,434,300 135.844,000 447; 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, 100,000 403,634,300 144,244,000 483,881,000 877,540,000 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,'476 206,167,2"5 291,200,000 114,371,500 353,990,500 734,555,000 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 1913. Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars One thousand dollars Five thousand dollars Ten thousand dollars Total 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 1,320,640,000 292,200,000 408,034,300 114,594,000 494,481,000 878,040,000 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 ’26 219,039,820 304,679,900 117,280,500 362,657,500 735,390,000 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 74 REPORT OF THE TREASURER OF THE UNITED STATES. No. 21.—Silver certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year from 1913. Denominations. Issued during year. Total issued. Redeemed during year. Total redeemed. Outstanding. 1913. One dollar. Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars One thousand dollars Total 1914. One dollar Two dollars Five dollars.:.... Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars One thousand dollars Total 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 dollars 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 thousabd 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 $204,048,000 68,664,000 131,240,000 $1,753,607,600 757,884,000 2,394,690,000 631,034,000 299,826,000 86,650,000 81,540,000 16,650,000 32,490,000 $186,520,307.00 65,358,493.00 139.353,110.00 8,952,340.00 683,700.00 1,023,550.00 57,500.00 1,000.00 . 1,000.00 $1,574,752,471.90 691,724,376.60 2,175,624,922.50 619,228,729.00 296,021,030.00 83,255,790.00 81,117,280.00 16,629,000.00 32,468,000.00 $178,855,128.10 66,159,623.40 219,065,077.50 11,805,271.00 3,804,970.00 3,394,210.00 422,720.00 21,000.00 22,000.00 403,952,000 6,054,371,600 401,951,000.00 5,570,821,600.00 483,550,000.00 193,856,000 63,032,000 120,720,000 13,360,000 2,800,000 7,800,000 1,947,463,600 820,916,000 2,515,410,000 644,394,000 302,626,000 94,450,000 81,540,000 16,650,000 32,490,000 193,031,002.00 65,284,198.00 130,415,500.00 4,171,300.00 607,700.00 714,900.00 39,900.00 500.00 3,000.00 1,767,783,473.90 757,008,574.60 2,306,040,422.50 623,400,029.00 296,628,730.00 83,970,690.00 81,157,180.00 16,629,500.00 32,471,000.00 179,680,126.10 63,907,425.40 209,369,577.50 20,993,971.00 5,997,270.00 10,479,310.00 382,820.00 20,500.00 19,000.00 401,568,000 6,455,939,600 394,268,000.00 6,965,089,600.00 490,850,000.00 196,816,000 60,272,000 88,760,000 12,120,000 15,760,000 24,600,000 2,144,279,600 881,188,000 2,604,170,000 656,514,000 318,386,000 119,050,000 81,540,000 16,650,000 32,490,000 201,657,706.00 64,430,544.00 115,260,610.00 8,406,220.00 2,597,870.00 3,323,650.00 39,400.00 2,000.00 1,000.00 1,969,441,179.90 821,439,118.60 2,421,301,032.50 631,806,249.00 299,226,600.00 87,294,310.00 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 6,854,267,600 395,719,000.00 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 32,490,000 214,906,676.00 66,277,554-00 112,627,000.00 11,-922,330.00 7,446,540.00 22,235,400.00 35,500.00 1,000.00 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 7,295,711,600 435,452,000.00 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 32,490,000 239,688,841.00 72,146,764.00 133,492,895.00 5,243,570.00 4,311,180.00 3,958,850.00 21,400.00 1,500.00 2,000.00 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 16,631,000.00 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 7,747,987,600 458,867,000.00 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 32,490,000 227,957,168.00 59,328,792.00 128,675,105.00 4,979,930.00 5,373,030.00 2,254,175.00 20,300.00 500.00 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 8,092,931,600 428,589,000.00 7,683,716,600.00 409,215,000.00 REPORT OF THE TREASURER OF THE UNITED STATES. 75 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 1911. Denominations. Issued during year. Total issued. Redeemed during year. Total redeemed. Outstanding. 1911. One dollar 8167,736,000 81,616,167,760 $158,094,938.00 81,463,469,446.70 8152,698,313.30 Two dollars 60,184,000 ' 860,639', 048 59,384,622.00 798,427,381 80 62,211,666.20 Five dollars 241', 720,000 3,150' 921J 760 223,867,110.00 2,773,874,777.50 377,046,982.50 Ten dollars 161^080^000 2,551,453,240 142,204,950.00 2,202,010,503.00 349,442,737.00 Twenty dollars 86,560,000 1' 652', 668,400 77^962,480.00 1,-381,790,674.00 270,877,726.00 Fifty dollars U. 400^ 000 406.240.200 15,142,000.00 345,818,460.00 60,421,740.00 One hundred dollars... 21,600,000 550,478,300 17,632,100.00 466,475,780.00 84,002,520.00 Five hundred dollars.. 4,550,000 349,970,000 4,178,000.00 327,767,500.00 22,202,500.00 One thousand dollars.. 11,000,000 873,267,000 12,809,000.00 763,309,500.00 109,957,500.00 Five thousand dollars. 16,500,000 740,540,000 5,085,000.00 644,745,000.00 95,795,000.00 Ten thousand dollars.. 125,210,000 1,710,410,000 91,290,000.00 1,485,770,000.00 224,640,000.00 Total- 913,540,000 14,462,755,708 807,650,200.00 12,653,459,023.00 1,809,296,685.00 Unknown, destroyed.. 1,000,000.00 1,000,000.00 Net..- 913,540,000 14,462,755,708 807,650,200.00 12,654,459,023.00 1,808,296,685.00 1912. One dollar 186,460,000 1,802,627,760 175,626,278.00 1,639,095,724.70 163,532,035.30 Two dollars 65,152,000 925,791,048 62,892,847.00 861,320,228.80 64,470,819.20 Five dollars 252,760,000 3,403,681,760 232,890,705.00 3,006,765,482.50 396,916,277.50 Ten dollars 164^800.000 2,716,253,240 152,013,430.00 2,354,023,933.00 362,229,307.00 Twenty dollars 83,360,000 1,736,028,400 80,624,690.00 1,462,415,364.00 273,613,036.00 Fifty dollars 17,000,000 '423,240,200 16,095,000.00 361,913,460.00 61,326,740.00 One hundred dollars... 20,400,000 570,878,300 18,931,850.00 485,407,630.00 85,470,670.00 Five hundred dollars.. 3,950,000 353,920,000 3,421,500.00 331,189,000.00 22,731,000.00 One thousand dollars.. 9,500,000 882,767,000 14,481,000.00 777,790,500.00 104,976,500.00 Five thousand dollars. 6.000,000 746,540,000 6,775,000.00 651,520,000.00 95,020,000.00 Ten thousand dollars.. 107,470,000 1,817,880,000 90,180,000.00 1,575,950,000.00 241,930,000.00 Total 916,852,000 15,379,607,708 853,932,300.00 13,507,391,323.00 1,872,216,385.00 Unknown, destroyed.. 1,000,000.00 1,000,000.00 Net 916,852,000 15,379,607,708 853,932,300.00 13,508,391,323.00 1,871,216,385.00 1913. One dollar 204,048,000 2,006,675,760 186,531,964.00 1,825,627,688.70 181,048,071.30 Two dollars 68,664,000 994,455,048 65,368,956.00 926,689,184.80 67,765,863.20 Five dollars 266,760,000 3,670,441,760 249,171,570.00 3,255,937,052.50 414,504,707.50 Ten dollars 206,840,000 2,923,093,240 172,133,010.00 2,526,156,943.00 396,936,297,00 ^Twenty dollars 103,680,000 1,839,708,400 85,492,600.00 1,547,907,964.00 291,800,436.00 Fifty dollars 19,400,000 442,640,200 16,906,550.00 378,820,010.00 63,820,190.00 One hundred dollars... 24,400,000 595,278,300 20,943,050.00 506,350,680.00 88,927,620.00 Five hundred dollars.. 4,100,000 358,020,000 4,475,500.00 335,664,500.00 22,355,500.00 One thousand dollars.. 10,500,000 893,267,000 16,677,000.00 794,467,500.00 98,799,500.00 Five thousand dollars. 10,000,000 756,540.000 28,290,000.00 679,810,000.00 76,730,000.00 Ten thousand dollars.. 117,070,000 1,934,950,000 141,070,000.00 1,717,020 ,-000.00 217,930,000.00 Total 1,035,462,000 16,415,069,708 987,060,200.00 14,494,451,523.00 1,920,618,185.00 Unknown, destroyed.. 1,000,000.00 1,000,000.00 Net 1,035,462,000 16,415,069,708 987,060,200.00 14,495,451,523.00 1,919,618,185.00 1914. One dollar 193,856,000 2,200,531,760 193,040,778.00 2,018,668,466.70 181,863,293.30 Two dollars 63,032,000 1,057,487,048 65,292,992.00 991,982,176.80 65,504,871.20 Five dollars 250', 180,000 3,920,621,760 251,733,590.00 3,507,670,642.50 412,951,117.50 Ten dollars 185,640,000 3,108,733,240 184,569,810. 00 2,710,726,753.00 398,006,487.00 Twenty dollars 80; 080,000 1,919,788,400 89,788,430.00 1,637,696,394.00 282,092,006.00 Fifty dollars 24,800,000 467.440,200 17,778,700.00 396 598,710.00 70,841,490.00 Onehundred dollars... 24,600,000 619,878,300 21,278,000.00 527,628,680.00 92,249,620.00 Five hundred dollars.. 7,000,000 365,020,000 4,130,000.00 339,794,500.00 25,225,500.00 One thousand dollars .. 22,800,000 916,067,000 24,499,000.00 818,966,500.00 97,100,500.00 Five thousand dollars.. 33,500,000 790,040,000 36,770,000.00 716,580,000.00 73,460,000.00 Ten thousand dollars .. 189,820,000 2,124,770,000 185,100,000. 00 1,902,120,000.00 222,650,000.00 Total 1,075,308,000 17,490,377,708 1,073,981,300.00 15,568,432,823.00 1,921,944,885.00 Unknown, destroyed.. 1,000,000.00 1,000,000.00 Net 1,075,308,000 17,490,377,708 1,073,981,300.00 15,569,432,823.00 1,920,944,885.00 76 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 1911—Continued. f * Denominations. Issued during year. Total issued. Redeemed during year. Total redeemed. Outstanding. 1915. One dollar $196,816,000 $2,397,347,760 $201,667,257. 00 $2,220,335,723.70 $177,012,036.30 Two dollars 60:272; 000 1,117,759,048 64,439,058.00 1,056,421,234.80 61,337,813.20 I Five dollars 192,340,000 4,112,961,760 219,755,105.00 3.727,425,747.50 385.536,012.50 Ten dollars 113.040,000 3,221,773.240 162,806,830.00 2.873,533,583.00 348,239,657.00 Twenty dollars 51,680,000 1,971,468,400 91,942,750.00 1,729,639,144.00 241,829,256.00 Fifty dollars 31,000,000 498,440,200 21,476,200.00 418,074,910.00 80,365,290.00 One hundred dollars... 15,200,000 635,078,300 24,652,400.00 552,281,080.00 82,797,220.00 Five hundred dollars... 2,200,000 367,220,000 4,856,500.00 344,651,000.00 22,569,00000. One thousand dollars.. 38.000,000 954,067,000 31,105,000.00 850,071,500.00 103,995,500.00 Five thousand dollars. 55,000,000 845,040,000 32,575,000.00 749,155,000.00 95,885,000.00 Ten thousand dollars.. 409,170,000 2,533,940,000 169,810,000.00 2,071,930,000.00 462,010,000.00 Total 1,164,718,000 18,655,095,708 1,025,086,100.00 16,593,518,923.00 2,061,576,785.00 Unknown, destroyed.. 1,000,000.00 1,000,000.00 Net 1,164,718,000 18,655,095,708 1,025,086,100.00 16,594,518,923.00 2,060,576,785.00 1916. One dollar \ 243,432,000 2,640,779,760 214,914,555.00 2,435,250,278.70 205,529,481.30 Two dollars 72,472,000 1,190.231,048 66,286,960.00 1,122,708,194.80 67,522,853.20 Five dollars 268,720', 000 4,381,681,760 228,252,155.00 3,955,677,902.50 426,003,857.50 Ten dollars 196,920,000 3,418,693,240 131,681,900.00 3,005,215,483.00 413,477,757.00 Twenty dollars 100,160,000 2,071,628,400 53,169,680.00 1,782,868,824.00 288.819,576.00 Fifty dollars 19.200,000 517,640,200 31,489,150.00 449,564,060.00 68.076,140.00 One hundred dollars... 23;200;000 658,278,300 13,790,700.00 566,071,780.00 92,266,520.00 Five hundred dollars.. 8,050,000 375,270,000 3,074,000.00 347,725,000.00 27,545,000.00 One thousand dollars.. 37,100,000 991,167,000 10,181,000.00 860,252,500.00 130,914,500.00 Five thousand dollars. 31,500,000 876,540,000 1,510,000.00 750,665,000.00 125,875,000.00 Ten thousand dollars.. 509,580,000 3,043,520,000 238,870,000.00 2,310,800,000.00 732,720,000. 00 Total 1,510,334,000 20,165,429,708 993,220,100.00 17,586,739,023.00 2,578,690,685.00 Unknown, destroyed.. 1,000,000,00 1,000,000.00 Net 1,510,334,000 20,165,429,708 993,220,100.00 17,587,739,023.00 2,577,690,685.00 1917. One dollar 261,732.000 2,902,511,760 240,104,481.00 2,675,354,759.70 227,157,000.30 Two dollars 78,984;000 1,269,215,048 72,469,944.00 1,195,178,138.80 74,036,909.20 Five dollars 256,320,000 4,638,001,760 278,068,565.00 4,233,746.467. 50 404,255,292.50 Ten dollars 291,560,000 3,710,253,240 189,760,120.00 3,194,975,603.00 515,277,637.0Q Twenty dollars 139,840,000 2,211.468,400 66,865,790.00 1,849,674,614.00 361,793,786.00 Fifty dollars 4o;soo;ooo 558,440,200 17,618,400.00 467,182,460.00 91,257,740.00 One hundred do'lars... 41,200,000 699,478,300 18,320,700.00 584,392,480.00 115,085,820.00 Five hundred dollars.. 8,400,000 383,670,000 3,714,000. 00 351,439,000.00 32,231,000. 00 One thousand dollars.. 43,100,000 1,034,267,000 30,931,000.00 891,183,500.00 143,083,500.00 Five thousand dollars.. 21,000,000 897,540,000 3,890,000.00 754,555,000. 00 142,985,000. 00 Ten thousand dollars.. 885,420,000 3,928,940,000 790,030,000.00 3,100,830,000.00 828,110,000.00 Total 2,068,356,000 22,233,785,708 1,711,773,000.00 19,298,512.023.00 2,935,273,685.00 Unknown, destroyed.. 1,000,000.00 1,000,000.00 Net..., 2,068,356,000 22,233,785,708 1,711,773,000.00 19,299,512,023.00 2,934,273,685.00 1918. One dollar 269,396,000 3,171,907,760 240,373,680. 00 2,915,728,439.70 256,179,320.30 Two dollars 83; 848', 000 1,353,063,048 71,936,633.00 1,267,114,771.80 85,948,276.20 Five dollars 177', 520', 000 4,815,521,760 273,436,957.00 4,507,183,424.50 308,338,335.50 Ten dollars 61,520,000 3,771,773,240 180,039,980.00 3,375,015,583.00 396,757,657.00 Twenty dollars 26,880,000 2,238,348,400 118,286,150.00 1,967,960,764.00 270,387,636.00 Fifty dollars 5; 800', 000 564,240,200 15,354,100.00 482,536,560. 00 81,703,640.00 One hundred dollars.. 5,200,000 704,678,300 14,574,000.00 598,966,480.00 105,711,820.00 Five hundred dollars.. 3,850,000 387,520,000 7,242,500.00 358,681,500.00 28,838,500.00 One thousand dollars. 12,900,000 1,047,167,000 14,984,000.00 966,167,500.00 140,999,500. 00 Five thousand dollars. 500,000 898,040,000 835,000.00 755,390,000.00 142,650,000.00 Ten thousand dollars.. 105,710,000 4,034.650,000 208,100,000.00 3,308,930,000.00 725,720,000.00 Total . 753,124,000 22,986,909,708 1,145,163,000.00 20,443,675,023.00 2,543,234,685.00 Unknown, destroyed . 1,000,000.00 1,000,000.00 Net 753,124,000 22,986,909,708 1,145,163,000. 00 20,444,675,023.00 2,542,234,685.00 REPORT OF THE TREASURER OF THE UNITED STATES. 77 No. 23.—Amount of paper currency of each, denomination outstanding at the close of each fiscal year from 1911. Denominations. Legal-tender notes. Certificates. National-bank notes. Total. 1911. One dollar Two dollars Five dollars...' Ten dollars Twenty dollars Fifty dollars One hundred dollars Five h mdred dollars One thousand dollars Five thousand dollars $2,220,959 1,633,314 152,504,030 122,836,016 16,132,972 2,042,425 5,700,800 5, 200,500 42,645,000 $150,477,355 60,578,352 224,542,952 226,606,721 254,743,754 58,379,315 78,301,720 17,002, 000 67,312, 500 95,795, 000 224,630,000 $343,610 164,320 140,678,555 317,935,200 217,732,020 16,148,850 36,194,900 90,000 23, 000 $153,041,924 62,375,986 517,725,537 667,377,937 488,609,746 76,570,590 120,197,420 22,292,500 109,980,500 95,795,000 224,640,000 Ten thousand dollars. Total Unknown, destroyed Net 1912. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars One thousand dollars Five thousand dollars 10,000 350,927,016 1,000,000 1,458,369,669 729,310, 455 1 1,165,070 2,538,607,140 2,165, 070 349,927,016 1,458,369,669 728,145,385 2,536,442,070 2,204,600 1,616,703 169,738, 090 115,036,396 12,627,402 1,855,925 4,862,900 4,470,000 38,188, 000 161,327,436 62,854,116 227,178,187 247,192,911 260,985,634 59,470,815 80,607, 770 18,261, 000 66,788,500 95, 020, 000 241,920,000 343,588 164,312 141,565,470 328,508,870 224,856,140 16,373,800 35,032,350 89,500 23,000 163,875,624 64, 635,131 538, 481,747 690,738,177 498,469,176 77,700,540 120,503,020 22,820,500 104,999,500 95,020,000 241,930,000 Ten thousand dollars Total Unknown, destroyed Net 10, 000 350,610,016 1,000,000 1,521,606,369 746,957,030 11,872,722 2,619,173,415 2,872,722 349,610, 016 1,521,606,369 745,084,308 2,616,300,693 1913. One dollar Two dollars Five d ) liars Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars One thousand dollars Five thousand dollars.... 2,192,944 1,606,239 195,439, 630 96,724,916 10,444,262 1,700,725 4,355,300 4,035,000 33,832,000 178,855,128 66,159,624 219, 065,077 300,211,381-281,356,174 62,119,465 84,572,320 18,320,500 64,967,500 76,730,000 217,920,000 343,587 164,312 143,751,670 331,208,900 230,391,800 19,587,900 34,855,550 89,000 23, 000 181,391,659 67,930,175 558,256,377 728,145,197 522,192,236 83,408,090 123,783,170 22,444,500 98,822,500 76,730,000 217,930,000 Ten thousand dollars Total Unknown, destroyed Net 1914. One dollar T o dollars Five dollars Ten dollars T enty dollars Fifty dollars One hundred dollars Five hundred dollars One thousand dollars 10,000 350,341,016 1,000,000 1,570,277,169 760,415,719 ,i 1,309,820 2,681,033,904 2,309,820 349,341,016 1,570,277,169 759,105,899 2,678,724,084 2,183,167 1,597,446 203,581,540 94,456,856 8,800,682 1,702,925 3,906,900 3,867,500 30,013,000 179,680,127 63,907,425 209,369,577 303,549,631 273,201,324 69,138,565 88,342, 720 21,358,000 67,087,500 73,460,000 222,640,000 342,763 163,786 137,195,685 331,746,930 231,079,920 20,651,300 31,504,150 88,500 22,000 182,206,057 65,668,657 550,146,802 729,753,417 513,171,926 91,492,790 123,753,770 25,314,000 97,122,500 73,460,000 222,650,000 Ten thousand dollars Total Unknown, destroyed Net 10,000 350,120,016 1,000,000 1,571,824,869 752,795,034 i 2,176,180 2,674,739,919 3,176,180 349,120,016 1,571,824,869 750,618,854 2,671,563,739 1915. One dollar T o dollars Five dollars Ten dollars T wenty dollars 2,173,616 1,588,932 234,046,045 136,645,546 23,221,402 174,838,421 59,748,881 182,868,967 239,648,171 233,445,294 342,317 163,568 137,881,535 354,680,300 249,959,860 177,354,354 61,501,381 554,796,547 730,974,017 506,626,556 i Redeemed but not assorted by denominations. 78 REPORT OF THE TREASURER OF THE UNITED STATES. No. 23.—Amount of paper currency of each denomination outstanding at the close of each fiscal year from, 1911—Continued.. Denominations. Legal-tender notes. Certificates. National-bank notes. Total. 1917. Fifty dollars One hundred dollars Five hundred dollars One thousand dollars $7,032,275 8,099,700 2,749,000 18,629,000 $78,323,015 79,697,520 19,820,000 85,366,500 95,885,000 462,000,000 $32,964,600 45,305,700 88,500 22,000 $118,319,890 13.3,102,920 22,657,500 104,017,500 95,885,000 462,010,000 Ten thousand dollars . Total Unkno n, destroyed Net 10,000 434,195,516 1,000,000 1,711,641,769 821,408,380 i 2,188,930 2,967,245,665 3,188,930 2 433,195,516 1,711,641,769 819,219,450 2,964,056,735 1916. One dollar T ro dollars Five dollars . Ten dollars T -enty dollars Fifty dollars One hundred dollars Five hundred dollars One thousand dollars Five thousand dollars 2,165,737 1,579,526 288,146,060 146,145,396 45,461,122 9,543,025 14,510,600 2,727,000 15,664,000 203,363,745 65,943,327 194,821,967 328,551,981 281,715,014 66,349,315 89,507,820 24,818,000 115,250,500 125,875,000 732,710,000 342,208 163,498 116,944,405 323,090,680 244,043,260 30,684,900 38,915,200 88,000 22,000 205,871,690 67,686,351 599,912,432 797,788,057 571,219,396 106,577,240 142,933,620 27,633,000 130,936,500 125,875,000 732,720,000 Ten thousand dollars Total Unkno . n, destroyed Net 10,000 525,952,466 1,000,000 2,228,906,669 754,294,151 1 1,174,770 3,509,153,286 2,174,770 2 524,952,466 2,228,906,669 3 753,119,381 3,506,978,516 1917. One dollar . T o dollars . Five dollars Ten dollars T '-enty dollars Fifty dollars One hundred dollars Five hundred dollars One thousand dollars ...... 12,054,097 10,472,346 348,072,825 247,245,121 18?, 006,712 34,819,375 46,865,000 2,342,500 13,177,000 215,102,904 63,564,563 176,129,072 447,690,891 349,735,204 89,794,115 112,719,920 29,888,500 129,906,500 142,985,000 828,100,000 342,072 163,392 114,317,620 307,273,590 243,681,760 28,909,600 34,887,550 88,000 21,000 227,499,073 74,200,301 638,519,517 1,002,209,602. 775,423,676 153,523,090 194,472,470 32,319,000 143,104,500 142,985,000 828,110,000 Ten thousand dollars Total Unknown, destroyed Net 10,000 897,064,976 1,000,000 2,585.616,669 729,684,584 i 1,530,800 4,212,366,229 2,530,800 2 896,064,976 2,585,616,669 3 728,153,784 4,209,835,429 1918. One dollar , Two dollars Five dollars Ten dollars T -enty dollars Fifty dollars One hundred dollars Five hundred dollars One thousand dollars Five thousand dollars 37,465,585 35,216,505 476,738,923 662,033,401 594,796,972 225,556,575 154,632,000 1,509,500 9,160,000 218,713,736 50,731,771 105,693,967 347,180,836 259,758,824 80,467,415 103,620,620 27,329,000 131,839,500 142,650,000 725,710,000 342,072 163,392 122,263,135 300,737,690 252,648,060 30,250,750 34,661,200 88,000 21,000 256,521,393 86,111,668 704,696,025 1,309,951,927 1,107,203,856 336,274,740 292,913,820 28,926,500 141,020,500 142,650,000 725,720,000 Ten thousand dollars Total Unkno vn, destroyed Held in Treasury Net 10,000 2,197,119,461 1,000,000 2,193,695,669 741,175,299 i 1,583,420 5,131,990,429 2,583,420 2,196,119,461 36,734,053 2,193,695,669 775,378,829 739,591,879 20,168,502 5,129,407,009 832,281,384 2 2,159,385,408 1,418,316,840 3 719,423,377 4,297,125,625 1 Redeemed, but not assorted by denominations. 2 Ineluding Federal reserve notes. 2 Including Federal reserve bank notes. EEPORT OF THE TREASURER OF THE UNITED STATES. 79 e of No. 24.—Old demand notes of each denomination issued, redeemed, and outstanding June 30, 1918. 890 920 500 >00 )00 >00 Denominations. Total issued. Redeemed during year. Total redeemed. Outstanding. Five dollars Ten dollars Twenty dollars Total 1 $21,800,000.00 20,030,000.00 18,200,000.00 $60.00 60.00 20.00 $21,778,752.50 20,010,355.00 18,187,880.00 $21,247.50 19,645.00 12,120.00 60,030,000.00 140.00 59,976,987.50 53,012.50 No. 25.—Fractional currency of each denomination issued, redeemed, and outstanding June 30, 1918. Denominations. Total issued. Redeemed during year. Total redeemed. Outstanding. Three cents $601,923.90 $3.35 $511,739.70 $90,184.20 Five cents 5,694,717.85 19.34 3.836,365.73 1.858.352.12 Ten cents 82,198,456.80 233.85 77,144,766.38 5,053.690.42 Fifteen cents 5,305', 568.40 17.07 5'. 065; 703.91 ' 239,864.49 p Twenty-five cents. 139,031,482.00 553.72 134.769.032.13 4,262,449.87 Fifty cents 135,891,930.50 603.00 132,143,395.45 3,748,535.05 Total 368,724,079.45 1,430.33 353,471,003.30 15,253,076.15 Unknown, destroyed 32,000.00 32,000.00 Net 368,724,079.45 1,430.33 353,503,003.30 15,221,076.15 No. 26.—Compound-interest notes of each denomination issued, redeemed, and outstanding June 30, 1918. Denominations. Total issued. Redeemed during year. Total redeemed. Outstanding. Ten dollars Twenty dollars $23,285,200 30,125,840 60,824,000 45,094,400 67,846,000 39,420,000 $220 40 $23,266,100 30,094,610 60,762,950 45,062,600 67,835.000 39,416,000 $19,100 31,230 61,050 31.800 11,000 4,000 One hundred dollars Five hundred dollars One thousand dollars Total e 266,595,440 260 266,437,260 158,180 No. 27.—One and two year notes of each denomination issued, redeemed, and outstanding June 30, 1918. Denominations. Total issued. Redeemed during year. Total redeemed. Outstanding. Ten dollars $6,200.000 $10 $6,194,070 $5,930 Twenty dollars 16; 440', 000 16,427,900 12.100 Fiftv 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 L500 One thousand dollars 89; 308; 000 89,289; 000 19,000 Total 211,000,000 10 210,932,420 67.580 Unknown, destroyed 10,590 10,590 Net 211,000,000 10 210,943,010 56,990 80 REPORT OF THE TREASURER OF THE UNITED STATES. No. 28.— United States paper currency of each class, together with one and two year notes and compound-interest notes, issued, redeemed, and outstanding June 30, 1918. 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 $212,820,000 193,780,000 344,944,000 $60,030,000.00 5,596,635,808.00 447,435,000.00 8,882,907,880.46 8,092,931,600.00 1,473,625,000.00 368,724,079.45 211,000,000.00 266,595,440.00 $140.00 212,820,000.00 118,000.00 503,636,000.00 428,589,000.00 1,430.33 10.00 260.00 $59,976,987.50 5,249,954,792.00 445,577,000.00 7,098,427,211.46 7,683,716.600.00 1,473,625i 000.00 353,503,003.30 210,913,010.00 266,437,260.00 $53,012.50 346,681,016.00 1,858,000.00 1,784,480,669.00 409,215,000.00 15,221,076.15 56,990.00 158,180.00 Total 751,544,000 25,399,884,807.91 1,145,164,840.33 22,8-12,160,864.26 2,557,723,943.65 No. 29.— United States notes and Treasury notes redeemed in gold from Jan. 1, 1819, to June 30, 1918; also imports and exports of gold, by fiscal years, from 1901. Periods. United States notes. Treasury notes. Total. Imports of gold. Exports of gold. Total tn June 20 1900 8564 147 369 $106 556 655 $670,704,024 Fiscal year 1901 23,'776,433 ’ 446J 678 24,223,111 $66,051,187 $53,185,177 Fiscal year 1902 17,482,590 1,274,590 18,757,180 52,021,254 48,568,950 Fiscal year 1903 7,154,718 1,112,527 8,267,245 44,982,027 47,090,595 Fiscal year 1904 11,081,068 473,976 11,555,044 99,055,368 81,459,986 Fiscal year 1905 11,517,579 340,675 11,858,254 53,648,961 92,594,024 Fiscal vear 1906 11,452,195 192;810 11,645,005 96,221,730 38,573,591 Fiscal year 1907 12,640,887 101,278 12,792.165 . 114,510,249 51,399,176 Fiscal year 1908 21,278,307 41,705 21,320,012 148,337,321 72,432,924 Fiscal year 1909 19;984,536 31', 405 20,015,941 44,003,989 91,531,818 Fiscal year 1910 11,695,012 9; 880 11,704,892 43,339,905 118,563,215 Fiscal year 1911 .. 22,844,635 48,160 22,892,795 73,607,013 22,509,653 Fiscal year 1912 45,490,350 7; 955 45,498,305 48;936,500 57,328,348 Fiscal year 1913 67,850,957 67,830 67,918,787 69,194,025 77,762,622 Fiscal year 1914 73,194,576 4,500 73,199,076 66,538,659 112,038,529 Fiscal year 1915 49;549,925 1,740 49,601.665 171,568,755 146,224,148 Fiscal year 1916 70,684,405 2; 000 70,680,405 494,009,301 90,249,548 Total to June 30,1916 1,041,925,542 110,714,364 1,152,639,906 1916 July 4,125,614 4,125,614 62,107,665 9,395,035 Aiumst _ _ 4;292;973 4,292,973 41,238,716 11,780,129 September 1' 687', 429 1,687,429 92,562', 247 6,849,141 October 2;826;055 2;826;055 97; 568,875 7,053,684 Nnvember .. 3; 565', 820 3,565,820 46,972,903 26,335,062 December 2;386;028 2,386,028 158,620,681 27,973,719 1917 January 6;906;205 6,906,205 58,926,258 20,719,898 February 2,485,177 2,485,177 103,766,495 22,068,059 March 2', 685', 909 2', 685; 909 139,498,590 17,919,601 -April 2;117;669 2,117,669 32,372,455 16,965,210 May 2,500,539 2,500,539 52,262,090 57,697,419 June 2;976;492 2,976,492 91,339,051 67,164,268 Total for fiscal year 1917. 38,555,910 38,555,910 977,176,026 291,921,225 - ———— ■ — ■ July 1,819,107 1,819,107 27,303,798 69,052,357 Anunsl 3,055,863 3,055,863 18,692,170 46,049,306 September 654,185 654,185 4.171,535 31,332,396 October 1,224; 222 1,224,222 4', 149,582 11,154,074 N o vem ber 833,602 833,602 2,906,476 7,223,160 December 302', 108 . 302,108 17,065,874 4,538.136 ] 012 January ... 153,564 153,564 4,404,254 3,746,244 February 130,760 130', 760 2,549,168 5,084,060 March . 111,679 111,679 1,912,362 2,809,359 A pril 2,745,727 3,560,084 May 6,620,516 3,598,946 June 31,892,021 2,704,102 Total for fiscal year 1918. 8,285,090 8,285,090 124,413,483 190,852,224 1 088 766 542 110 714 364 1 199 480,906 REPORT OF THE TREASURER OF THE UNITED STATES. 81 No. 30.— 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, 1912. 3 Months. Retired by redemption. Outstanding. Bullion in Treasury. Dollars in Treasury. 1912—January 836,000 $3,057,000 $3 057 non Fftbniarv 17,000 3,040,000 3 040 000 March 30,000 3,010,000 3 OIO’OOO April 32,000 2' 978^ 000 2 978 000 May 21'000 2' 957' 000 2 957^000 June 1 28,000 2,929,000 2 929 000 July 18'000 2'911^000 2 911'000 Auihist 27'o66 2,884,000 2"884"000 September 29' 000 2,855,000 2 855 000 October 19,000 2,836,000 2 830 OO0 November 23'o66 2,813 000 2 813 000 December 16, 000 2,797,000 2 797000 1913—January „■> 24'066 2' 773'000 2 773 000 February 31,000 2,742,000 2 749’060 March ' 20 000 2.722 000 2 799 OOO April 13,000 2,709 000 9'7oo' one May 21' 066 2.688 000 2 688'OOO June 28,000 2,660 000 2 660 OOQ July 15'. 000 2,645 000 2 045 000 August 16,000 2,629' 000 2 (i29 OOO September 22,000 2,607' 000 2 607 000 October 17' 000 2' 590'000 2 590 OOQ November 16,000 2'. 574' 000 27 574^ 000 December 19,000 2. 555' 060 2 555 000 1914—January 16,000 2, 539' 066 2 539’000 February 20,000 2,519 000 2; 519'000 March. . 18,000 2'. 501' 666 2 501' OOO Anril 20,000 2.481,000 2 481 OOO May 21,000 2,460 000 2 4(-o’ OOO June 21,000 2,439 000 2 439 OOO July 6,000 2,433 000 2' 433' OOO August 18,000 2.415,000 2'415’000 September 21,000 2.394 000 2 394'660 October 8,000 2.386' 000 2,386'OOO November 18,000 2.368 000 2 3(8 000 December 17,000 2.351 000 2 35l’oOO 1915—Januarv 20,000 2'331'666 2 331 OOO February. 12,000 2,319 000 2,319’o00 March. . 22,000 2' 297'666 2 297'6oo April 6,000 2', 291' 666 2,291'000 May 25,000 2' 266' 000 2 266 000 June ' 12,000 2‘, 254' 000 2 254' OOO July 9'000 2,24a' 000 2,245 OOO August 23,000 2,222,000 2,222' 000 September 8,000 2',214' 666 2.214'000 October 12' 000 2,202,000 2,202 000 November 15,000 2' 187' 000 2,187' 060 December 9'000 2'178'666 2.178 000 1916—January 11,000 2' 167' 666 2,167' 000 February 16,000 2', 151'666 2,151'000 March..’ 12' 000 2' 139' 066 2.139’ooo April 13^ 000 2,126 000 2,126’ 000 May 9,000 2'117'666 2 117' OOO June 14,000 2,103 000 2.103’ OOO July 13^ 066 2.092' 066 2,092’ 000 August 8^ 000 2,084,000 2,084'000 September 21,000 2,063,000 2,063 000 October 8,066 2,055,000 2,055 000 November 6,000 2,049,000 2,049'OOO December 5,000 2,044'000 2,044 006 .1917—January 12' 000 2,032 000 2,032’000 February 12^ 000 2,020 000 2,020 000 March, i 9,000 2' 011'606 2,011000 April 17,000 1,994,000 1,994 000 May 10,000 1,984,000 1,984 000 June 8,000 1,976,000 1,976 000 July 9,000 1,967,000 1,9( 7 000 August 7,000 1,960' 066 1'960 000 September 15,000 1,945,000 1,945000 October 11,000 1,934,000 1,934 000 November 18,000 1'916' 000 1,916 000 December 3,000 R 913^000 1,913 000 1918—January 6,000 1,907,000 1,907 000 February 20,000 1,887,000 1,887,000 March 8,000 1,879,000 1,879 000 Anril 6,000 1,873,000 1,873 000 May 8,000 1,865,000 1,865 000 June f, 000 1' 858' 066 1,858,000 87013—18----6 82 REPORT OF THE TREASURER OF THE UNITED STATES. No. 31.—Transactions between the subtreasury and clearing house in New York during each month from January, 1911. Months. Checks sent to clearing house. Checks received from clearing house. Balances due subtreasury. Balances due clearing house. 1912—January $60,558,007. 63 $81,965,153.19 $2,120,953.95 $23,528,099.51 February 64^ 523' 064.06 59' 809' 276.48 IO' 843' 687.59 6' 129'900.01 March 61,993,854. 30 54' 825,' 506.15 10,800,655.17 3,632,307. 02 April 61' 444^ 590.54 62' 754' 252.95 4,916,843.86 6' 226' 506.27 May 64' 023' 321.39 63' 787' 358.77 7,612,207.50 7,376,244. 88 June 67776' 496. 56 54,765,211.26 16' 317' 526.91 3'306' 241.61 July 73,064,112. 40 62,391,033.88 14' 009'925.98 3' 336' 847.46 August 66' 999' 009.14 59' 728' 264.91 14,428 439.95 7' 157^ 695. 72 September 59' 092' 185.41 45' 013' 749.80 14,393,594.39 315,158.78 October 72,811'862.98 65,905' 737.94 10,897,187.33 3,991,062.29 November 65,719,146.17 59,' 185' 798.51 10' 892' 149.17 4' 358'801.51 December 65,559,117.40 63' 260' 669.20 9'336'952.50 7,038' 504. 30 1913—January 61,844,908.72 90,196,866.46 1' 669' 142. 62 30' 021^ 100.36 February 62' 027' 287.28 52,539' 839.61 13,066,708.08 3,579,260.41 March 54'224'012.28 45' 592' 394.71 12,406,740.il f 775' 122. 54 April 49,955,878.13 45,536,120.99 8' 925' 665. 28 4^505'908.14 May 48,907,447.12 46' 385' 163.08 7,575,345.34 5,053,061.30 June 61' 751' 207.27 55,358' 131.76 11,718 292.27 5' 325' 216.76 July 72' 921' 382.56 53,754,901.21 20,159,955.43 ' 993^ 474.08 August 68' 727' 701.75 50' 401J 547.25 20,269,527.13 1,943' 372.63 September 59,494,102. 60 48,' 843'. 928. 63 12 103 608 69 1'453'434.72 October 69' 158' 499.93 50' 141,459.72 20,843,216.53 1,826,176.32 N ovember 56' 577' 651.45 48' 436' 261.45 11 591 909 65 3' 450' 519.65 December 63,398,930.01 49,078,801.56 17,561 026.40 3,240,897.95 1914—January 57' 262' 737.74 70,077,576. 35 1,886,346.15 14' 701' 184.76 February 54' 030j 371.96 50,956,228.55 9' 186' 818.15 6'112^674.74 March 63,300,830. 24 50' 302', 448.70 15,583,164.14 2' 584' 782. 60 April 56' 923' 267.07 54' 388' 077. 60 8,587,145.84 6' 051' 956. 37 May 56' 878' 299. 73 58,895,330. 71 6,586,447 97 8' 603' 478. 95 June 73,070,490.45 53,371,961.39 22,591,281.11 2,892,752.05 July 86' 684' 947.53 52' 275^ 466. 00 37,198 762 58 2,789' 281.05 August 50,495,156.43 28' 246' G24. 44 22,562,085.86 312,953.87 Sentember 34' 220' 745. 50 31,185' 869. 23 6 162 274.76 3,127' 398. 49 October 29' 624' 955.54 45' 908' 790. 73 711,905.54 16,995,740. 73 November 32' 165' 743.87 43,647,282.15 3,250 190 35 14' 731' 728.63 December 47,662,073.10 53' 669' 357.42 6,103 279.59 12'110' 563.91 1915—January 44' 319^ 743.73 64,194,353.56 2,096 732 47 21'971^342. 30 February 50,416,156.59 38,099,851.01 12,562 062. 62 245,757.04 March 53' 389' 551.58 45; 988' 855.95 10' 402' 758.30 ’ 3,002' 062. 67 April 4i; 537, 293.16 47' 473,476.62 2,920 292.72 8,856' 476.18 Mav 42' 536' 895.00 41' 932j 779.79 6'898'322 24 6' 294' 207.03 June 54,991,570.55 35,028^ 845.61 22,206,735.15 2' 244' 010.21 July 60' 156' 416. 41 37' 315' 155.19 25 278 661 08 2' 537' 399. 76 August - 43,841,248. 87 43' 525' 005.68 8,258 279.57 7,942,036.38 September 40' 585' 404. 82 49' 204' 632.82 6 570 307 28 15,189,535.28 October 47,724,205.34 61' 812^ 218.52 8,433,660. 25 22' 521' 673.43 N ovember 51' 508' 201.79 44'188', 505.94 12 447 329.90 5' 127' 634.05 December 56' 323' 679.10 44,053,654.58 15 142'157 18 2' 872' 132. 66 1916—January 44,272,497.59 47' 059' 261.07 10,181 933.99 12,968,697.47 February 42' 393' 109.21 • 26' 682' 345.18 17,283,632.57 1' 572' 838.54 March 48' 700' 539. 78 31,168,411.30 19 024 644.27 1,492,515. 79 April 44' 014' 862.03 22' 577' 042.52 21 437 819 51 May 43,258,966.31 20' 528' 114.62 22,730 851.69 June 53' 800' 987.22 28' 542' 738.29 32 243 766 30 6,985,517. 37 July 78,534,461. 04 30,481,476.67 49 786 826.98 1,733,842.61 August 41,379,008. 37 19' 646' 138. 61 21 732 869 76 September 39,312,017.17 21,476,030.54 17,835 986.63 October 45' 698' 698.63 36' 782' 570.69 19,122,772.64 10,206,644.70 November 46' 250' 997.01 43' 162' 656.22 14' 842' 924.65 11'754'583.86 December 45’ 976' 208.40 67' 693' 126.29 12 626 824.05 34' 343' 741.94 1917—January 41,404,178.83 67,854,492.20 7 869 348. 67 34' 319' 662. 04 February 45' lib' 056.14 41' 089' 871. 45 15 433 179.79 11^ 398' 995.10 March 46,930,754. 89 82,870,251.44 13,171 870,20 49, 111, 366. 75 April 51'716/463.73 49' 575' 842. 44 22,702,757.79 20' 562' 136. 50 May 74^ 699, 035.46 32,557,916.35 48' 773' 421.98 6' 632' 302.87 June 81' 767' 536. 86 35' 688' 996.86 48' 350' 630.79 1' 672' 090.79 July 42,869,723.37 47,472,495.69 7,355,988.10 11,958,760.42 August 40' 624'119. 37 46,446,471.07 46,278,187.90 8' 616,' 124.83 14,438' 476.53 September 40' 248'. 931.63 4'331'965.35 10,361,221.62 October 45,876,018.34 81'033’353.43 1 467 771.96 36' 625' 107.05 November 56,252,398. 04 118'142' 191.42 3 792 786.37 65 682 579. 75 December 54,841,815.16 132' 809,' 084. 53 '433’559.15 78,400 828. 52 1918—January 52' 077' 622.40 162' 134' 405.77 110,056,783.37 February 60' 830' 853.78 117' 458' 032.98 887 794.27 57,514,973.47 March 113' 036' 239. 02 159,536,955.41 12,326,380.07 58' 827' 096.46 April 98' 202' 775.07 179,999'269.32 81,796,494.25 May 104^687' 736.31 145,286,846.03 10 977 465.40 51' 576' 575.12 June 120,743,699.95 127,314,690.63 20' 090' 191.51 26;66i; 182.19 REPORT OF THE TREASURER OF THE UNITED STATES. 83 No. 32.—-Amount of each kind of money used in settlement .of clearing-house balances against the subtreasury in New York during each month, from January, 1912. Months. Gold coin. United States notes. Treasury notes. Gold certificates. Silver certificates. Total. 1912—January... $528,100 129,900 32,307 26,506 6. 245 $23,000,000 6,000,000 3,600,000 6,200,000 7,370,000 3,300.000 3,330.000 7,150,000 300,000 3,990.000 4,350,000 7,000,000 30,000,000 3.570,000 3,770,000 4,500.000 5,050.000 5,320,000 990,000 1,900.000 1,450,000 1,800,000 3,450,000 3,236,000 14,700.000 6,110 000 $23,528,100 6,129,900 3.632,307 6.226,506 7,376.245 3.306.242 3,336,847 7,157,696 315,159 3,991,062 4,358,802 8,038,504 30.021,100 3,579,260 3,775,123 4,505,908 5,053,061 5.325.217 993,474 1,943.373 1,453'. 435 1,826,176 3.450.520 3.210,898 14,701.185 6,112.675 2,584.783 6,051,956 8,603,479 2.892,752 2,789,281 312,954 3,127,398 16,995.741 14, 731,729 12,110,564 21,971,342 245,757 3.002,063 8,856,476 6,294,207 2.214,010 2,537.400 7; 942,036 15,189,535 22,521,673 5,127,634 2,872,133 12,968,697 1,572,869 1,492,516 J ebruary March April May June 6,242 6,-847 7,696 15,159 July. August September October 1,062 8.802 38.504 November December 1913—January 21,100 February....... 9'. 260 5,123 March April 5,908 3,061 5,217 3,474 43,373 3,435 26,176 May June July August September October November '520 December 4,898 1,185 2,675 4,783 1914—January February March 2,580.000 6,050,000 8.600,000 2,890,000 2,788,000 312,000 April 1,956 3,479 2,752 May June July 1,281 954 August September 1 $3,127,000 1 9,843.860 i 6,887,520 1 4,750,000 $398 703,881 2,055.209 1,400,564 4,956,542 5,757 2,053 400,476 4,207 4.010 400 October November December 1915—January February 1,440.000 2,865,000 800,000 2,355,000 5,008,000 2,924,000 5,160,000 14,659,800 240,000 3,000,000 8,456,000 6,290,000 2.2’0,000 2,537,000 7,940,000 15,180,000 22,520,000 5,120,000 2,870,000 12,967,000 1,570,000 1,492,000 March. April May June July August 2,036 9,535 September October 1,673 November 7,634 December 2,133 1916—January 1,697 February 2,869 March 516 April May June 6,985,000 1,733 000 517 6,985,517 1,733,843 July 843 August September October 10,206,000 11, 750,000 34,340,000 34,310.000 645 10,206,645 11,754,584 34,343,742 34,319,662 11.398,995 49,111,367 November 4,584 December 3'742 1917—January 9,662 February 8,995 1,367 11' 390,000 49,110,000 20,560,000 6,630,000 1,670,000 11,950,000 14,430,000 10,360,000 March..” April 2,136 2,303 2,091 20,562,136 6,632,303 1,672,091 ■ 11,958,760 May. June July 8,760 8,477 1,222 August 14,438,477 10,361,222 36,625 107 September October 36,625,000 ' 107 N ovember 580 65,682,000 65' 682,' 58Q December1 2.. .. 1918—January February March. April May June 1 National-bank notes. 2 From and after Dec. 1,1917, settlement of balances due the clearing house were made by the Federal Reserve Bank of New York. 84 REPORT OF THE TREASURER OF THE UNITED STATES. No. 33.—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 therea fter to 1918. Balance in the Treasury.1 Bates. In Treasury offices. In depositary banks. Total. Number of depositary banks. 1789—Dec. 31. 1790—Mar. 31. June 30. Sept. 30 Dec. 31. 1791—June 30. Sept. 30. Dec. 31. 1792—Mar. 31. June 30. Sept. 30. Dec. 31.. 1793—Mar. 31. June 30. Dec. 31. 1794—Dec. 31. 1795—Dec. 31. 1796—Dec. 31. 1797—Dec. 31. 1798—Dec. 31.. 1799—Dec. 31.. 1800—Dec. 31.. 1801—Dec. 31.. 1802—Dec. 31.. 1803—Dec. 31.. 1804—Dec. 31.. 1805—Dec. 31.. 1806—Dec. 31.. 1807—Dec. 31.. 1808—Dec. 31.. 1809—Dec. 31.. 1810—Dee. 31.. 1811—Dec. 31.. 1812—Dec. 31.. 1813—Dec. 31.. 1814—Dee. 31.. 1815—Dec. 31.. 1816—Dec. 31.. 1817—Dee. 31.. 1818—Dec. 31.. 1819—Dee. 31.. 1820—Dee. 31.. 1821—Dee. 31.. 1822—-Dec. 31.. 1823—Dec. 31.. 1824—Dec. 31.. 1825—Dec. 31.. 1826—Dee. 31.. 1827—Dec. 31.. 1828—Dec. 31.. 1829—Dec. 31.. 1830—Dec. 31.. 1831—Dec. 31.. 1832—Dec. 31.. 1833—Dec. 31.. 1834—Dec. 31... 1835—Dec. 31... 1836—-Dec. 31... 1837—Dee. 31... 1838—Dee. 31... 1839—Dec. 31... 1840—Dee. 31... 1841—Dee. 31... 1842—Dee. 31... 1843—June 30.. 1844—June 30.. 1845—June 30.. 1846—-June 30.. 1847—June 30.. 1848—June 30.. $10,490.54 232.14 700,000.00 1,025,610.63 1,268,827. 62 691,097.04 1,414,029.62 205,330.74 380,199.04 669,889.11 390,199. 04 725,199.04 768,000. 00 5,446,382.16 758,332.15 $28,239.61 60,613.14 155,320.23 349,670. 23 570,023.80 571,699.00 679,579.99 973,905. 75 751,377.34 623,133.61 420,914.51 783,212.37 1,035,973.09 561,435.33 753,661.69 1,151,924.17 516,442.61 888,995. 42 1,021,899.04 617,451.43 2,161,867.77 2,623,311.99 3,295,391.00 5,020,697.64 4,825,811.60 4,037,005.26 3,999,388.99 4,538,123.80 9,643,850.07 9,941,809.96 3,848,056.78 2,672,276.57 3,502,305.80 3,862,217.41 5,196,542.00 1,727,848.63 13,106,592. 88 22,033,519.19 14,989,465.48 1,478,526. 74 2,079,992.38 1,198,461. 21 1,681,592.24 4,193,690. 68 9,431,353.20 1,887,799.80 5,296,306.74 6,342,289.48 6,649,604.31 5,965,974. 27 4,362,770.76 4,761,409.34 3,053,513.24 911,863.16 10,658,283. 61 7,861,093.60 25,729,315.72 45,056,833.54 5,779,343. 01 5,364,887.61 3,992,319.44 290,532.18 170,361.73 1,699,709.09 10,525,267.10 8,222,651.19 7,385,450. 82 8,915,869. 83 $28,239.61 60,613.14 155,320.23 349,670.23 570,023. 80 582,189.54 679,579.99 973,905.75 751,377.34 623,133.61 420,914.51 783,444.51 1,035,973.09 561,435.33 753,661.69 1,151,924.17 516,442.61 888,995.42 1,021,899.04 617,451.43 2,161,867.77 2,623,311.99 3,295,391.00 5,020,697.64 4,825,811.60 4,037,005.26 3,999,388.99 4,538,123.80 9,643,850.07 9,941,809.96 3,818,056.78 2,672,276.57 3,502,305.80 3,862,217.41 5,196,542.00 1,727,8’8.63 13,106,592.88 22,033,519.19 14,989,465.48 1,478,526.74 2,079,992.38 1,198,461.21 1,681,592.24 4,193,690. 68 9,431,353.20 1,887,799.80 5,296,306.74 6,342,289.48 6,649,604.31 5,965,974. 27 2 4,362,770. 76 4,761,409.34 3,053,513. 24 911,863.16 10,658,283. 61 7,861,093. 60 25,729,315.72 45,756,833.54 3 6,804,953. 64 6,633,715. 23 4,683,416. 48 1,704,561.80 375,692.47 2,079,908.13 11,195,156.21 8,612,850. 23 8,110,649.86 9,683,859.83 5,446,382.16 758,332.15 3 3 3 3 3 3 4 6 6 9 9 8 14 16 15 94 29 58 55 60 56 59 40 40 50 41 62 24 44 91 54 43 27 11 19 26 30 34 43 49 1 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. deposited with the States under act of June 23, 1836, having been taken out of the control oi 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, 85 No. 33.—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 1916—Con. Dates. Balance in the Treasury. Number of depositary banks. In Treasury offices. ; In depositary i banks. Total. 1849—June 30 $3,208,822.43 S3. 208,822.43 1850—June 30 7' 43b 022.72 7,431,022.72 1851—June 30 12.142', 193.97 12.142', 193.97 1852—June 30 15,097,880.36 15; 097; 880.36 1853—June 30 22,286.462.49 22; 286", 462.49 1854—June 30 20,300' 636.61 20,300,636.61 1855—June 30 19' 529' 841.06 19; 529', 841.06 1856—June 30 20. 304' 844.78 20; 304,844.78 1857—June 30 18,218, 770.40 18; 218; 770.40 1858—June 30 6,698,157.91 6,698'. 157.91 1859—June 30 4'. 685' 625.04 4'. 685,625.04 1860—June 30 3,931,287.72 3.931,287.72 1861—June 30 2,005', 285.24 2,005; 285.24 1862—June 30 18.265.984.84 18; 265; 984.84 1863—June 30 8.395,443.73 8; 395; 443.73 1864—June 30 72,022' 019.71 839.980,756.39 112', 002' 776.10 $204 1865—June 30 2,374' 744.10 24,066', 186.19 26,440,930.29 330 1866—June 30 78. 352', 599.12 34', 124^ 171.54 ■ 112,476,770.66 382 1867—June 30 135,270. 243.53 25,904', 930.78 161', 175' 174.31 385 1868—June 30 92,353' 732.20 22,779' 797.62' 115; 133.529.82 370 1869—June 30 117,944,915.43 8,597,927.34 126; 542,842.77 276 1870—June 30 105, 279,800.67 8,206' 180.34 113,485; 981.01 148- 1871—June 30 84,819'. 993.41 6, 919,745.59 91', 739,739.00 159 1872—June 30 61,935,763.46 12,501,595.08 74,437'. 358.54 163 1873—June 30 52' 528' 793.53 7^233j 551.11 59', 762,346.64 158 1874—June 30 64,723,630.48 7", 435' 966.69 72; 159; 597.17 154 1875—June 30 51,712', 042.19 11.562.679.52 63; 274; 721.71 145 1876—June 30 51. 427,414.23 7,520,194.76 58; 947; 608.99 143- 1877—June 30 84,394,007.01 7,299,999.28 91,694,006.29 145- 1878—June 30 130,570' 578.15 46,928,268.56 177,498,846.71 124 1879—June 30 159; 02p, 734.90 208' 033,840.24 367,054,575.14 127 1880—June 30 160^ 528,170.50 7,771', 233.90 168,299', 404.40 131 1881—June 30 173'. 974,146.61 8' 704,830.83 182'678,977.44 130 1882—June 30 152,941' 618.24 9,381.712.90 162,323,331.14 134 1883—June 30 151.579,255.91 9', 803,381.79 161'. 382; 637.70 140 1884—June 30 154,557; 552.96 10,488.827.63 165', 046', 380.59 135 1885—June 30 171' 851' 780.21 10,770,579.96 182; 622,360.17 132 1886—June 30 218j 217', 107.25 13', 822,070.80 232', 099; 178.05 160 1887—June 30 188'. 625, 383.03 18,975,315.41 207,600'. 698.44 200' 1888—June 30 189,395,440.65 54; 698,728.36 244;094,169.01 290 1889—June 30 167.646,333.23 43,090.750.53 210,737,083.76 270 1890—June 30 164,061' 481.40 26' 779,703,32 190,841,184.72 205 1891—June 30 135,448,137.33 21, 399; 689.16 156; 847,826.49 185 1892—June 30 118,728,662.52 10', 450,130.01 129,178,792.53 159 1893—June 30 114', 862,278.94 9,962^ 526.00 124,824,804.94 160 1894—June 30 108,462'220.55 10323; 767.61 118,885.988.16 155 1895—June 30 185' 369' 687.37 10'. 978', 505.80 196', 348'. 193.17 160 1896—June 30 258,221i 832.65 11,415,474.42 269,637,307.07 160 1897—June 30 232,304'. 043.90 12,162j 158.05 244', 466,201.95 168 1898—June 30 175; 438,942.32 33', 843', 700.81 209,282; 643.13 172 1899—June 30 214j 193489.26 70. 295,326.94 284; 488; 516.20 357 1900—June 30 214'. 206.233.65 92,621', 371.72 306,827', 605.37 442 1901—June 30 234.964,115.04 93,442; 683.09 328,406,798.13 448 1902—June 30 245,045', 797.03 117; 14b 564.13 362; 187; 361.16 577 1903—June 30 248,685,097.53 140', 001'. 016.70 388; 686; 114.23 713 1904—June 30 217,591,929.57 104; 459,638.45 322,051,568.02 842 1905—June 30 230,674,025.59 64; 803', 466.30 295,477,491.89 837 1906—June 30 249,958,296.77 80; 731,058.05 330,689,354.82 928 1907—June 30 255; 257', 493.51 166; 803,'951.96 422,06b 445.47 1.255 247,479,310.94 147; 692; 036.79 395', 17i; 347.73 M36 1909—June 30 215,947,902.41 60327; 525.69 276,375,428.10 1,414 1910—June 30 216,263,086.09 40,631,589.58 256; 894; 675.67 1,380 1911—June 30 254'. 128i 166.75 36,048,759.38 290; 176,926.13 i; 362 1912—June 30 279; 239,692.85 37; 912; 786.14 317; 152,478.99 b353 1913—June 30 246,214,851.64 69; 746', 133.15 315; 960; 984.79 1,535 1914—June 30 234,941,577.40 76; 671,038.13 31i; 612; 615.53 b 584 1915—June 30 178,481,503.73 78,665,638.68 257,147,142.41 1391 1916—June 30 184,524,331.24 146346; 109.97 331,470,441.21 lssi 1917—June 30 152i979; 025.63 967; 247; 123.48 1,120; 226; 149.11 3; 402 1918—June 30 152,979; 025.63 623; 774,518.85 776,753,544.48 7,962 86 REPORT OF THE TREASURER OF THE UNITED STATES. No. 34.—Federal reserve and national banks designated as depositaries of public moneys, with the balance held June 30, 1918. FEDERAL RESERVE BANKS. Title of banks. To the credit of the Treasurer of the United States. Federal reserve bank, Boston, Mass. $4,912,652.80 Federal reserve bank, New York, N. Y 359,194.20 Federal reserve bank, Philadelphia, Pa 1,522,819.18 Federal reserve bank, Cleveland, Ohio 14,581,113.56 Federal reserve bank, Richmond, Va 4,669,230.73 Branch Federal reserve bank of Richmond, Baltimore, Md 289,344.79 Federal reserve bank, Atlanta, Ga.. 5,835,746.19 Branch Federal reserve bank of Atlanta, New Orleans, La 3,478,250.98 Title of banks. To the credit of the Treasurer of the United States. 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, Cal Branch Federal reserve bank of San Francisco, Seattle, Wash.... i $8,016,801.40 5,612,867.10 3,556,908.77 4,180,081.81 12,315,209.08 9,290,783.46 1,230,586.51 Total 63,817,988.46 i Credit balance. SPECIAL DEPOSITARIES. Loan accounts. Total balances in special depositaries in each Federal reserve district arising from sales of Liberty bonds, certificates of indebtedness, and income and excess profits tax deposits, 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 Liberty bonds, certificates of indebtedness, and income and excess profits tax deposits, 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, Fa............................... Federal reserve bank, Cleveland, Ohio............................. Federal reserve bank, Richmond, Va............................... Federal reserve bank, Atlanta, Ga. Federal reserve bank, Chicago, Ill.. $169,719,905.77 659,172,968.16 104,158,175.55 128,037.000.00 36,493,548.01 37,269,836.76 175,816,033.44 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, Cal...............-....... Total 843,790,727.30 28,383,992.39 41,816,264.71 9,515,380.06 57,164,993.29 1,491,338,825.44 NATIONAL BANKS. REGULAR DEPOSITARIES. Title of banks. To the credit of the Treasurer of the United States and United States disbursing officers. Title of banks. To the credit of the Treasurer of tie United States and United States disbursing officers. ALABAMA. First National Bank, Alexander City First National Bank, Anniston.... Anniston City National Bank, Anniston....................... First National Bank, Birmingham............................. Traders’ National Bank, Birmingham.............................. Alabama—continued. 32,610.67 80,988.45 94,942.51 125,090.72 35,193.61 Bank of Mobile, National Banking Association, Mobile............... First National Bank, Mobile....... First National Bank, Montgomery.. Selma National Bank, Selma........ Talladega National Bank, Talladega First National Bank, Tuscaloosa.... City National Bank, Tuscaloosa.... 1 850.06 100,000.00 50,000.00 5,000.00 .05 27,443.08 10,298.90 1 Credit balance. REPORT OF THE TREASURER OF THE UNITED STATES. 87 No. 34.—Federal reserve and national banks designated, as depositaries of public moneys, with the balance held .Tune 30, 1918—Continued. REGULAR DEPOSITARIES—Continued. Title of banks. ALASKA. First National Bank, Fairbanks... First National Bank, Juneau...... Harriman National Bank, Seward... ARIZONA. First National Bank, Douglas......■ First National Bank, Nogales..... National Bank of / rizona, 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.......................... American National Bank, Little Rock............................. England National. Bank, Little Rock........................... Exchange National Bank, Little Rock............................. First National Bank, Paragould... CALIFORNIA. Calexico National Bank, Calexico... First National Bank, El Centro... First National Bank, Eureka...... First National Bank, Fresno...... Farmers’ National Bank, Fresno.... First National Bank, Los Angeles... Merchants National Bank, Los Angeles........................ First National Bank, Nana........ First National Bank, Oakland..... Central National Bank, Oakland.... Citizens National Bank, Riverside.. California National Bank, Sacramento............................ Capital National Bank, Sacramento. National Bank of D. O. Mills & Co., Sacramento....................... First National Bank, San Diego... United States National Bank, San Diego.......................... Merchants National Bank, San Diego............................ Anglo & London-Paris National Bank, San Francisco............ Crocker National Bank, San Francisco............................ Union National Bank, San Luis Obispo........................... Whittier National Bank, Whittier.. COLORADO. , | First National Bank, Denver......। Colorado National Bank, Denver....! Denver National Bank, Denver....| Hamilton National Bank, Denver...! First National Bank, Durango....। Morgan County National Bank, Fort | Morgan........................| First National Bank, Greeley.....i To the credit of the treasurer of the United States and United States disbursing officers. Title of banks. To the credit of the treasurer of tie United States and United States disbursing officers. Colorado—continued. $173,060.26 99,996.00 11,111.55 24,918.39 20,000.00 19,546.53 30,233.40 25,009.50 39,168.84 39,867.13 9,722.39 41,555.65 15,000.22 30,551.12 194,577.78 5,000.00 9,978.33 2,162.29 21,577.46 40,000.00 19,999.41 94,930.44 120,000.00 5,095.50 24,925.00 15,000.00 15,678.55 53,770.74 26,044.20 41,086.10 250,000.00 9,539.18 1,476.34 1 269.99 12,259.02 3,992.09 2,643.23 247,383.98 287,444.97 325,156. 63 25,037.36 25,000.00 5,000.00 4,498.31 First National Bank, La Junta..... First National Bank, Montrose..... First National Bank, Pueblo....... Logan County National Bank, Ster- ling............................ CONNECTICUT. First-Bridgenort National Bank, Bridgeport....................... City National Bank, Bridgenort... Windham County National Bank, Danielson....................... Colonial National Bank, Hartford... Hartford-Aetna National Bank, Hartford......................... Phoenix National Bank, Hartford... First National Bank, Meriden..... Second National Bank, New Haven. Thames National Bank, Norwich... DELAWARE. Central National Bank, Wilmington. Union National Bank, Wilmington. DISTRICT OF COLUMBIA. American National Bank, Washington............................. Commercial National Bank, Washington.......................... Commercial National Bank,'Washington ......................... Panama Branch, Ancon, Canal Zone. Commercial National Bank, Washington ......................... Cristobal Branch, Canal Zone.... District National Bank, Washington Dupont National Bank, Washington Federal Nat ional Bank, Washington. I ineoln National Bank, Washington National Bank of Washington, Washington.......................... National Metropolitan Bank, Washington.......................... Franklin National Bank, Washington............................. FLORIDA. De Sot a National Bank, Arcadia.... First National Bank, Bradentown... First National Bank, Fernandina.... Citizens National Bank, Fernandina. First National Bank, Gainesville... Florida National Bank, Gainesville.. Gainesville National Bank, Gaines- ville............................ Atlantic National Bank, Jacksonville.............................. Barnett National Bank, Jacksonville.............................. Florida National Bank, Jacksonville.............................. First National Bank, Key West...... First National Bank, Madison....... Ocala National Bank, Ocala......... Peoples National Bank, Orlando..... i Credit balance. $4,965.38 50,000.00 70,228.05 14,752.42 314,489.72 23,622.96 15,000 00 25,000.00 11,234.69 74,909.67 9,698.52 90,000.00 10,000.00 32,067.66 45,003.00 332,753.26 1,099,180.62 1,619,136.10 314,277.55 360,640.36 111, 199.40 508,374.99 280,071.86 555,973.39 880,016. 79 113,938.84 15,000.00 3,803.73 4,774.56 4,529.14 15,011.72 9,788.61 14,720.72 100,004.75 128,301.81 50,016.38 69,886.06 5,000.00 10,000.00 9.041.76 88 REPORT OF THE TREASURER OF THE. UNITED STATES. No. 34.—Federal reserve and national banks designated as depositaries of public moneys, with the balance held June 30, 1918—Continued. REGULAR DEPOSITARIES—Continued. Title of banks. To the credit, of the treasurer of the United States and United States disbursing officers. Title of banks. To the credit of the treasurer of tie United States and United States disbursing officers. Florida—continued American National Bank, Pensacola. Citizens and Peoples National Bank, .Pensacola....................... First National Bank, Tampa........ Exchange National Bank, Tampa____ GEORGIA. Albany National Bank, Albany..... Citizens First 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....................... 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.... IDAHO. First National Bank, Blackfoot... Boise City National Bank, Boise.. Overland National Bank, Boise.... First of Burley, Burley.......... First Exchange National Bank, Coeur d’Alene................... Hailey National Bank, Hailey..... First National Bank, Lewiston.... First National Bank, Rupert...... ILLINOIS. First National Bank, Barry....... First National Bank, Belleville..... Continental and Commercial National Bank, Chicago............. Corn Exchange National Bank, Chicago........................... Danville National Bank,a nville__ Palmer National Bank, Danville. Milikin National Bank, Decatur.... Dixon National Bank, Dixon....... First National Bank,Duquoin...... Drovers National Bank, East St. Louis........................... Southern Illinois National Bank, East St. Louis.................... City National Bank, Evanston..... Ayres National Bank, Jacksonville... First National Bank, Joliet...... Will County National Bank, Joliet... First National Bank, Litchfield.. First National Bank, Nashville... Farmers’ National Bank, Pekin.... American National Bank, Pekin..... Herget National Bank, Pekin....... First National Bank, Peoria...... Central National Bank, Peoria.... Commercial National Bank, Peoria.. Merchants’ and Illinois National Bank, Peoria.................... illin ois—c ontinued. $75,000.00 83,365.17 122,543.86 74,926.90 15,000.00 12,858.97 16,295.82 200,932.08 18,401.68 100,000.00 9,500.97 7,448.11 62,572.63 23,126.05 4,149.31 9,674.36 168,755.52 20,130.00 28,475.55 135,207.86 31,674.17 10,000.00 22,683.76 15,331.92 14,780.54 5,969.27 3,769.95 17,500.00 106,140.64 41,086.38 49,203.18 52,699.80 9,880.33 5,000.00 5,000.00 7,680.49 25,000.00 5,729.37 15,000.00 22,751.08 10,000.00 3,254.82 11,022.62 100,000.00 100,000.00 100,000.00 200,000.00 200,091.90 167, 759.02 199,784.43 Ricker National Bank, Quincy...... Manufacturers National Bank, Rockford....................... Rockford National Bank, Rockford . Peoples National Bank, Rock Island, i First National Bank, Springfield. Illinois National Bank, Springfield... First National Bank, Sullivan..... INDIANA. Bloomington National Bank, Bloomington...................... City National Bank, Booneville.... First National Bank, Corydon...... Corydon National Bank, Corydon.... Citizens National Bank, Evansville.. Citv National Bank, Evansville.... Old StateNational Bank, Evansville. First National Bank, Fort Wavne... Old National Bank, Fort Wavne..... Citizens National Bank, Franklin.... Central National Bank, Greencastle.. First National Bank, Hammond...... Citizens National Bank, Hammond.. Fletcher American National Bank, Indianapolis.................... Indiana National Bank, Indianapolis Merchants National Bank, Indianapolis............................ National City Bank, Indianapolis.... Howard National Bank, Kokomo.... Dearborn National Bank, Lawrenceburg.............................. Peoples National Bank, Lawrenceburg............................. First National Bank, Marion....... Marion National Bank, Marion...... Citizens National Bank, Martinsville. Second National Bank, New Albany. Farmers National Bank, Princeton'.. Peoples-American National Bank, Princeton....................... Second National Bank, Richmond... Citizens National Bank, South Bend. South Bend National Bank, South Bend............................ First National Bank, Terre Haute... McKeen National Bank, Terre Haute........................... Terre Haute National Bank, Terre Haute............................. First National Bank, Vevay........ First National Bank, Vincennes.... Second National Bank, Vincennes... 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............................ $26,351.25 35,000.00 10,891.00 1,405.00 26, 787.87 50,000.00 50,000.00 10,025.88 6,417.18 5,000.00 19,601.50 9,895.19 32,745.55 20,613.36 60,000.00 69,999.24 10,000.00 9,981.64 2,094.10 94,097.83 50,000.00 161,963.35 374,775.33 63,255.71 16,904.78 6,755.12 75,000.00 100,000.00 8,557.24 129,786.51 13,277.72 123,852.22 20,000.00 24,340.13 10,172.04 17,722.54 5.717.85 99,964.46 100,000.00 99,599.14 4,638.01 47,558.85 48,288.46 75,000.00 7,852.82 5,000.00 5,464.80 25,000.00 25,000.00 i 27,443.66 1 Credit balance. REPORT OF THE TREASURER OF THE UNITED STATES, 89 No. 34.—Federal reserve and national banks designated as depositaries of public moneys, with the balance held June 30, 1918—Continued. REGULAR DEPOSIT ARIES- Continued. Title of banks. To the credit of the treasurer of the United States and United States disbursing officers. Title of banks. To the credit of the treasurer of tie United States and United States disbursing officers. iowa—continued. Merchants National Bank, Cedar Rapids.......................... Commercial National Bank, Charles City............................ City National Bank, Clinton..... First National Bank, Council Bluffs. First National Bank, Davenport.... Des Moines National Bank, Des Moines........................ 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.. Shenandoah National Bank, Shenandoah.......................... Security National Bank, Sioux City. Washington National Bank, Washington ......................... KANSAS. National Bank of Commerce, Dodge City............................ First National Bank, Junction City. I.awrence National Bank, Lawrence. First National Bank, Leavenworth.. Leavenworth National Bank, Leavenworth ........................ Union National Bank, Manhattan... First National Bank, Marysville.... First National Bank, Pittsburg.. National Bank of Sabetha, Sabetha. Central National Bank, Topeka... Merchants’ National Bank, Topeka.. Fourth National Bank, Wichita... Kansas National Bank, Wichita... National Bank of Commerce, Wichita Kentucky—continued. KENTUCKY. American National Bank, Bowling Green............................ Citizens National Bank, Bowling Green.......................... Carrollton National Bank, Carrollton First National Bank, Covington... Citizens’ National Bank, Covington. Liberty National Bank, Covington.. Citizens’ National Bank, Danville... Farmers’ National Bank, Danville.. State National Bank, Frankfort... Henderson National Bank, Ilender-- son............................ First National Bank, Jackson..... Anderson National Bank, Lawrence- burg........................... Lawrenceburg National Bank, Lawrenceburg ....................... Fayette National Bank, Lexington.. First and City National Bank, Lexington........................... Phoenix and Third National Bank, Lexington........................ First National Bank, Louisville.. American-Southern National Bank, Louisville..................... $29,876.74 4,977.02 25,000.00 34,859.42 248,232.77 290,225.59 84,050.08 91,277.85 60,000.00 5,000.00 7,049.33 25.000.00 9', 766.20 5,463.34 1,531.37 99,999.68 8,529.53 12,990.58 20,000.00 19,686 58 170,627.86 191,512.70 5,000.00 4,020.80 20,000.00 2,544.73 46,418.11 331,008.32 25,006.00 25,217.96 25,115.75 13,133.86 64,387.15 25,000.00 27,168.32 73,994.71 75,000.00 9,742. 50 50,012.73 150,000.00 19,999.64 19,957.85 25,000.00 25,000.00 40,000.00 41,000.00 25,884.20 59,622.43 200,000.00 Citizens’ National Bank, Louisville.. National Bank of Commerce, Louisville.............................. National Bark of Kentucky, Louisville.............................. Union National Bank, Louisville.... State National Bank, Maysville..... Morganfield National Bank, Morganfield.............................. First National Bank, Owensboro.... National Deposit Bank, Owensboro. City National Bank, Paducah....... First National Bank, Paris........ First National Bank, Somerset..... LOUISIANA. First National Bank of Lake Charles First National Bank, Morgan City... Whitney-Central National Bank, New Orleans.................... Commercial National Bank, Shreveport............................ MAINE. First National Bank, Augusta..... First National Bank, Bangor...... Bucksport National Bank, Bucks- port........................... Norway National Bank, Norway.... Chapman National Bank, Portland. Portland National Bank, Portland.. MARYLAND. First National Bank, Aberdeen.... Citizens’ National Bank, Baltimore. Farmers’ & Merchants’ National Bank, of Baltimore............. First National Bank, Baltimore... National Bank of Baltimore, Baltimore............................. National Bank of Commerce, Baltimore............................. National Exchange Bank, Baltimore. National Marine Bank, Baltimore... Western National Bank, Baltimore.. National Bank of Cockeysville, Cockeysville......................... First National Bank, Cumberland.. Second National Bank, C umberland. Second National Bank. Hagerstown. Towson National Bank, Towson.... 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, Fitch- First National Bank, Gardner....... Gloucester National Bank, Glouces- Holyoke National Bank, Holyoke.. National City Bank, Lynn......... Central National Bank, Lynn..... $208,475.25 150,000.00 150,000.00 300,016.48 15,000.00 4,738.75 59,975.19 62,219.77 24,725.87 4,905.33 9,652.96 5,000.00 1,184.75 338,609.09 46,636.74 42,006.89 50,000.00 5,331.02 4,073.79 19,499.28 96,978.34 24,709.54 133,369.36 24,012.22 857,299.79 477,741.63 9,856.42 85,630.38 128,601.57 21,236.49 3,990.09 40,000.00 30,000.00 10,265.83 4,414.95 4,560.92 5,694.96 38,521.66 53,592.83 371,554.03 20,555.36 6,756.02 14,748.65 10,031.35 18,219.22 15,033.15 90 REPORT OF THE TREASURER OF THE UNITED STATES. No. 34 — Federal reserve and national banks designated as depositaries of public moneys with the balance held June 30, 1918—Continued. REGULAR DEPOSITARIES—Continued. Title of banks. To the credit of the treasurer of the United States and United States disbursing officers. Title of banks. To the credit of the treasurer of tie United States and United States disbursing officers. Massachusetts—continued. First National Bank, Marlboro... People’s National Bank, Marlboro Mechanics’ National Bank, New Bedford........................ Merchants National Bank," New" Bedford.......................... Merchants National Bank’ New-’ burynort......................... First National Bank of West Newton ....................... Northamrton Natio'n’ai’ Ban’k’’ 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...................... Merchants’ National Bank,’Wo’rc’e's’-’ ter.............................. MICHIGAN. Central National Bank, Battle Creek. Old National Bank, Battle Creek.... First National Bank, Bay City First National Bank, Charlotte... First National Bank, Detroit..... National Bank of Commerce, Detroit. Fourth National Bank, Grand Rapids......................... Grand Rapids National City Bank, Grand Rapids..................... Houghton National Bank, Houghton. Miners’ National Bank, Ishpeming.. Peoples National Bank, Jackson.... First National Bank, Kalama wo... Capital National Bank, Lansing___ City National Bank, Lansing...... First National Bank, Manistioue.... 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. $9,003.75 6,765.12 29,305.75 6,661.48 9,744.79 38,040.95 3,989.58 1.20 199,869.67 1,787.32 46,984.95 8,189.06 30,000.00 18,501.28 minn esot a—continued. First National Bank, Sleepy Eye.... First National Bank, Wabasha.....’ First National Bank, Waseca....... First National Bank, Winona_______ MISSISSIPPI. First National Bank, Greenville... First National Bank, Gulfnort..... First National Bank, Hattiesburg... First National Bank, Meridian..... First National Bank, Vicksburg.... MISSOURI. Southwest National Bank of Commerce, Kansas City................ First National Bank, St. Joseph... Burnes National Bank, St. Joseph... American National Bank, St. Joseph. National Bank of Commerce, St. Louis........................... Third National Bank, Sedalia...... Citizens National Bank, Sedalia... MONTANA. $5,000.00 4,436.07 5,200.00 5,440.19 13,187.65 12,564.97 25,000.00 22,855.11 149,631.58 100,000.00 49,589.25 9,169.39 28,948.57 92,589.22 3,854. 56 8,033.32 MINNESOTA. Merchants’ National Bank, Crookston............................... First National Bank, Duluth........ American Exchange National Bank, Duluth......................... Citizens National Bank, Faribault.. First & Security National Bank, Minneapolis..................... Union National Bank, Rochester.. First National Bank, St. Cloud.... First National Bank, St. Paul..... American National Bank, St. Paul.. National-Exchange National Bank, St. Paul........................ 10,287.12 18,037.69 46,859.82 5,000.00 838,371.83 44,242.01 50,000.00 50,000.00 21,282. 72 39,999.50 9,107.06 19,677.84 6,957.00 14,200.26 6,166.57 24,841.01 4,626.91 11,122.78 5,000.00 16,604.85 75,075.00 25,394.05 12,268.68 $20,000.00 150,000.00 23,623.08 7,907.75 102,269.16 5,948.15 3,866.39 251,817. 63 95,463,52 10,061.41 Merchants National Bank,Billings.. Yellowstone National Banx, Billings. CommereialN itionalB ink,Bozeman. First National Bank, Butte........ First National Bank, Glendive..... First National Bank, Great Falls.... Harve National Bank, Harve........ American National Bank, Helena... National Bank of Montana, Helena.. Conrad National Bank, Kalispell.... First?National Bank, Lewistown.___ First National Bank, Miles City... Miles Citv National Bank, Miles City. State National Bank, Miles City... First National Bank Missoula...... Western Montana'National Bank, Missoula........................ United States National Bank, Red Lodge............................. NEBRASKA Alliance National Bank, Alliance.... CommercialNational Bank, Fremont. First National Bank, Lincoln...... Central National Bank, Lincoln.... City National Bank, Lincoln....... National Bank of Commerce, Lincoln. First National Bank, Mitchell....... Citizens National Bank, Norfolk.... Norfolk National Bank, Norfolk.... First National Bank, Omaha........ Corn Exchange National Bank, Omaha............................. Merchants’ National Bank, Omaha.. Nebraska National Bank, Omaha... Omaha National Bank. Omaha________ United States National B ink, Omaha. Scottsbluff National Bank, Scottsbluff............................. Live Stock National Bank, South Omaha............................. Packers N ational B ank, S outh Omaha. First National Bank, Wisner....... 20,000.00 25,000.00 8,133.05 50,000.00 9,997.00 34,974.19 24,215.55 50,061.80 49,251.79 25,00000 25,000.00 28,936.99 37,439.40 30,000.00 34,738.20 14,406.23 9,987.08 10,734.47 5,000.00 35,739.54 40,022.74 24,887.32 20,819.01 8,835.22 4,726.95 7,915.35 73,321.04 18,685.26 71,681.18 79,429.56 181,422. 56 150,431.59 5,000.00 14,909.88 11,100.06 5,017. 99 REPORT OF THE TREASURER OF THE UNITED STATES, 91 No. 34.—Federal reserve and national banks designated as depositaries of public moneys, with the balance held June 30, 1918—Continued. REGULAR DEPOSITARIES—Continued. Title of banks. To the credit of the treasurer of the United States and United States disbursing officers. Title of banks. To the credit of the treasurer of the United States and United States disbursing officers. NEVADA. Farmers and Merchants’ National Bank, Reno...................... NEW HAMPSHIRE. First National Bank, Concord.... First National Bank, Portsmouth... New Hampshire National Bank, Portsmouth...................... NEW JERSEY. $50,000.00 99,587.60 199,937.33 20,100.00 new York—continued. Westchester County National Bank, Peekskill $74,514.13 Plattsburg National Bank, Platts- 21,767.13 burg Lincoln National Bank, Rochester.. 89,085.21 Traders’ National Bank, Rochester.. 41,067.07 First National Bank, Utica 66,739. 62 Utica City National Bank, Utica.... 23.14 First National Bank, Waterloo Watertown National Bank, Water- 29,970. 00 town 24,964.20 Bridgeton National Bank, Bridgeton First National Bank, Camden....... Camden National Bank, Camden... First National Bank, Guttenberg... Hudson County National Bank, Hudson........................... National Newark Banking Company, Newark..................... Union National Bank, Newark...... National Bank of New Jersey, New Brunswick...................... First National Bank, Paterson.... Paters~n National Bank, Paterson.. First National Bank, Perth Amboy. First National Bank, Princeton... Rutherford National Bank, Rutherford............................. First National Bank, Tenafly..... First National Bank, Trenton..... NEW MEXICO. First National Bank, Albuquerque.. State National Bank, Albuquerque.. First National Bank, Car.sbad.... First National Bank, Roswell..... Citizens National Bank, Roswell.... First National Bank, Santa Fe.... First National Bank, Tucumcari.... NEW YORK. First National Bank, Albany...... National Commer. ial Bank, Albany. Greenpoint National Bank, Brooklyn.............................. Manufacturers & Trader’s National Bank, Buffalo.................. Wassau National Bank, Brooklyn... Marine National Bank, Buffalo.... Second National Bank, Eimira..... First National Bank, Highland Falls Niagara County National Bank, Lockport....................... Chase National Bank, New York.... Chatham and Phenix National Bank, New York.............'........... Harriman National Bank New York. First National Bank, Northport.... State National Bank, North Tonawanda ........................... National Bank of Ogdensburg, Ogdensburg......................... Wi.ber National Bank, Oneonta.... First National Bank, Oswego...... Peekskill National Bank, Peekskill.. 3,078.65 15,854.37 25,000. 00 5,958.75 100,000.00 66,754.61 125,145. 63 30,883.09 28,633.71 30,000.00 199,618.13 76,070.81 5,872.97 i 1,566.23 134,872.23 125,133.13 50,000.00 15,000.00 9,440.87 7,750.65 24,086.33 3,955.42 89,552.49 150,000.00 100,000.00 42,605.30 300,641. 65 266,252.25 21,000.00 23,011.12 4,260. 22 3,571.47 304,381.29 83,372.94 1,705.84 15,000. 00 40,000.00 10,000.00 16,662.32 49,251.30 NORTH CAROLINA. American National Bank, Asheville. First National Bank, Burlington.... Charlotte National Bank, Charlotte.. Commercial National Bank, Char- lotte.. ........................ First National Bank, Durham...... Citizens’ National Bank, Durham.. Greensboro National Bank, Greensboro.............................. First National Bank, Lumberton.... Citizens’ National Bank, Raleigh.... Commercial National Bank, Raleigh. Merchants National Bank, Raleigh.. First National Bank, Statesville.. Murchison National Bank, Wilming- ton............................. Peoples’ National Bank, Winston-Salem............................ NORTH DAKOTA. First National Bank, Bismarck...... City National Bank, Bismarck....... Dakota National Bank, Dickinson.. Merchants National Bank, Dickinson................................ First National Bank, Fargo......... Fargo National Bank, Fargo......... Second National Bank, Minot........ Union National Bank, Minot......... First National Bank, Williston..... OHIO. First-Second National Bank, Akron. National City Bank, Akron.......... First National Bank, Barnesville.... First National Bank, Bellaire...... First National Bank, Chillicothe.... First National Bank, Cincinnati.... Second National Bank, Cincinnati.. Fourth National Bank, Cincinnati... Fii'th-Tliird National Bank, Cincin- nati.......................■..... Atlas National Bank, Cincinnati.... Citizens’ National Bank, Cincinnati. Lincoln National Bank, Cincinnati.. Market National Bank, Cincinnati... First National Bank, Cleveland..... Union National Association, Cleveland........................-...... Central National Bank, Cleveland... City National Bank, Columbus....... Commercial National Bank, Columbus................................ 1 Credit balance. 30,000.00 5,000.00 18,831.03 54,988.67 60,000.00 59,760.25 47,425.50 4,733.66 58,353.00 235,661.58 67,150.85 100,000.00 95,172.79 325,000.00 17,126.14 17,111.32 10,207.75 4,017.11 100,000.00 3,366.74 26,875.31 9,188.00 15,000.00 20,005.34 4,204.15 5,000.00 3,808.44 19,999.95 206,780.57 35,138.95 150,000.00 200,000.00 12,628.52 203,593.69 74,983.05 45,385.22 34,058.60 49,721.40 60,000.00 19,561.65 35,000.00 92 REPORT OF THE TREASURER OF THE UNITED STATES. No. 34.—-Federal reserve and national banks designated as depositaries of public moneys, zvith the balance held June 30, 1918—Continued. REGULAR DEPOSITARIES—Continued. Title of banks. To the credit of the treasurer of the United States and United . States disbursing officers. Title of banks. To the credit of the treasurer of tie United States and United States disbursing officers. ohio—continued. PENNSYLVANIA. Hayden-Clinton National Bank, Columbus .......................... New First National Bank, Columbus Coshocton National Bank, Coshocton.............................. Third National Bank, Dayton...... American National Bank, Dayton... First National Bank, Hamilton.... Second National Bank, Hamilton... First National Bank, Ironton..... Merchants’ National Bank, Middletown............................. Citizens National Bank, New Philadelphia ......................... First National Bank, Norwood..... First National Bank, Portsmouth... Central National Bank, Portsmouth. Commercial National Bank, Sandusky............................ Citizens’ National Bank, Springfield............................ Citizens’ National Bank, Tippecanoe City......................... First National Bank, Toledo...... Second National Bank, Toledo..... Champaign National Bank, Urbana. First National Bank, Wilmington... OKLAHOMA. First National Bank, Alva........ First National Bank, Ardmore..... First National Bank, Chickasha... First National Bank, Clinton..... Cordell National Bank, Cordell... 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... American National Bank, McAlester First National Bank, Muskogee.... Commercial National Bank, Muskogee.............................. American National Bank, Oklahoma City............................. State National Bank, Oklahoma City First National Bank, Pauls Valley.. Shawnee National Bank, Shawnee.. Central National Bank, Tulsa..... First National Bank, Woodward.... OREGON. Astoria National Bank, Astoria... First National Bank, Baker....... First National Bank, Bums........ Benton County National Bank, Corvallis...................... First National Bank, Klamath Falls. La Grande National Bank, La Grande......................... First National Bank, Lakeview.... First National Bank, Portland.... Northwestern National Bank, Portland ............................ Douglas National Bank, Roseburg.. United States National Bank, Portland ........................»-. - .$224,079.34 15,686.56 11,051.06 135,037.52 10,000.00 13,164.64 16,849.00 19,259.21 75,000.00 10,000.00 1,147.00 230.88 10,000.00 25,000.00 4,265.28 11,122.09 39,145.02 75,670.44 16,143.22 2,022.17 5,450.89 5,502.89 5,000.00 7,146.36 4,283.76 12,164.77 5,728.39 75,000.00 114,573.55 7.62 10,000.00 10,000.00 75,000.00 75,000.00 350,066.66 70,118.53 14,881.11 5,115.22 12,704.36 15,085.43 24,588.10 25,000.00 8,087.12 5,000.00 5,350.81 9,990.00 9,749.84 274,564.11 24,747.50 15,000.00 226,011.09 Merchants’ National Bank, Allentown.............................. First National Bank, Altoona...... First National Bank, Canton....... National Bank of Catasauqua, Catasauqua............................ National Bank of Chambersburg, < hambersburg..................... Valley National Bank, Chambersburg ............................. Pennsylvania National Bank, Chester............................... Countv National Bank, Clearfield... First National Bank, Danville..... First National Bank, Easton....... Monroe rounty National Bank, East Stroudsburg.................... First National Bank, Erie......... First National Bank, Fleetwood.... First National Bank, Greencastle... Westmoreland National Bank, Greensburg..................... First National Bank, Harrisburg.... Harrisburg National Bank, Harrisburg.............................. Honesdale National Bank, Honesdale.............................. First National Bank, Houtzdale.... Conestoga National Bank, Lancaster. People’s National Bank, Lancaster.. Grange National Banis:, Mansfield... Mavtown National Bank, Mavtown. First National Bank, McKeesport... New First National Bank, Meadville............................. Second National Bank, Meversdale.. 1 itizens National Bank, Meversdale. Union National Bank, Minersville.. First National Bank, Montrose..... First National Bank, Nanticoke.... First National Bank, Oil (ity..... Lamberton National Bank, Oil City. Farmers’ National Bank-, Oxford.... First National Bank, Perkasie.....• First National Bank, Philadelphia.. Quaker City National Bank, Philadelphia.............-............. Second National Bank of Allegheny, Pittsburgh........................ First National Bank, Pittsburgh.... Bank of Pittsburgh................ Columbia National Bank, Pittsburgh.......................... Exchange National Bank, Pittsburgh............................. Farmer’s Deposit National Bank, Pittsburgh........................ Mellon National Bank, Pittsburgh.. Merchants’ National Bank, Potts- Miners’ National Bank, Pottsville... First National Bank, Reading...... Reading National Bank, Reading... First National Bank, Scranton..... Third National Bank, Scranton..... Traders’ National Bank, Scranton.. Union National Bank, Scranton..... Market Street National Bank, Sha- mokin ......................... $25,244.23 50,000.09 8,063.22 9,483.23 10,000.00 1,843.19 15,000.00 10,520.00 8,893.12 25,000.00 12,282.63 49,948.78 4,201.23 11,080.01 25,000.00 34,262.59 17,620.33 6,750.75 10,000.00 60,022.91 18,977.22 4,729.91 4,919.50 7,500.00 25,000.00 5,000.00 5,287.24 5,679.23 1,997.28 5,450.55 8,033.80 9,800.00 6,024.13 5,112.67 25,643.90 150,091.52 64,235.69 101,000.00 126,856.76 224,990.00 2,019.81 227,500.05 199,986.90 3,597.80 25,000.00 20,568.86 42,773.64 1 14,067.14 39,985.02 12,756.76 7,469.07 5,872.14 1 Credit balance. REPORT OF THE TREASURER OF THE UNITED STATES. 93 No. 34.—Federal reserve and national banks designated as depositaries of public moneys, with the balance held June 30, 1918—Continued. REGULAR DEPOSITARIES—Continued. Title of banks. To the credit of the treasurer of the United States and United States disbursing officers. Title of banks. To the credit of the treasurer of tie United States and United Sates disbursing officers. PENNS yl vania—continued. Stroudsburg National Bank, Stroudsburg...................... Tamaqua National Bank, Tamaqua. First National Bank, Tyrone...... Blair County National' Bank, Tyrone............................. Farmers’ and Merchants’ National Bank, Tyrone.........'........... National Bank of Fayette County, Uniontown........................ Warren National Bank, Warren..... People’s National Bank, Waynesboro............................. Citizen’s National Bank, Waynesburg............................. First National Bank, Wilkes-Barre.. Second National Bank, Wilkes- • Barre........................... Luzerne County National Bank, Wilkes-Barre..................... West Branch National Bank, Williamsport........................ First National Bank, York........ RHODE ISLAND. Aquidneck National Bank, Newport. National Exchange Bank, Providence............................ SOUTH CAROLINA. First National Bank, Aiken....... First National Bank, Charleston.. Peoples National Bank, Charleston.. National Loan & Exchange Bank, Columbia....................... Palmetto National Bank, Columbia. First National Bank, Florence.... Fourth National Bank, Greenville... First National Bank, Lancaster... National Union Bank, Rock Hill... Peoples NationalBank, Rock Hill... CentralNational Bank, Spartanburg. First N ational B ank, Sumter.... SOUTH DAKOTA. First N ational B ank, Aberdeen.. Aberdeen National Bank, Aberdeen. Dakota N ational Bank, Aberdeen.... First N ational Bank, Deadwood Gregory National Bank, Gregory.... First National Bank, Huron....... First National Bank, Lemmon...... First National Bank, Mitchell.... Mitchell National Bank, Mitchell.... First National Bank, Pierre...... Pierre National Bank, Pierre..... FirstNationalBank, Rapid City.... Minnehaha National Bank, Sioux Falls.......................... FirstNationalBank, Yankton....... TENNESSEE. First National Bank, Bristol..... First N ational Bank, Chattanooga... Hamilton National Bank, Chattanooga............................ Tennessee—continued. $9,770.68 5,000.00 14,350.23 15,000.00 5,000.00 10,000.00 4,999.91 5,458.91 2,467.09 34,378.93 25,000.00 11,195.61 10,000.00 50,000.00 375,555.38 100,000.00 2,923.51 70,119.48 45,081.17 24,000.00 150,883.90 2,395.55 14,083.31 13,090.74 14,451.76 3,371.63 60,593.65 5,161.14 15,115.02 5,098.37 24,774.60 65,000.00 30,000.00 10,000.00 10,000.00 12,512.88 10,672.00 10,000.00 9,168.76 15,000.00 90,184.01 9,993.60 15,093.81 249,857.34 134,286.69 Firs’t N ational B ank, Clarksville. Manufacturers’ National Bank, Harriman............................ Security National Bank, Jackson.... City National Bank, Johnson City... Lnaka National Bank, Johnson City. American National Bank, Knoxville. City NationalBank, Knoxville...... East Tennessee National Bank, Knoxville....................... First N ational Bank, Memphis..... NationalCity Bank, Memphis....... Fourth and First National Bank, Nashville....................... American National Bank, Nashville. Broadway National Bank, Nashville. Cumberland Valley National Bank, Nashville....................... Hermitage Nationalsank,Nashville. FirstNationalBank, 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 N ational B ank, E agle 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... National Bank of Commerce, Houston ............................ South Texas Commercial National Bank, Houston.................. Union National Bank, Houston.... Laredo NationalBank, Laredo..... MarshallNationalBank, Marshall... First National B ank, Mt. Pleasant... FirstNationalBank, Paris........ American National Bank, Paris... First National Bank, Port Arthur.... First National Bank, San Angelo.... Central N ational B ank, S an Angelo.. San Antonio National Bank, San Antbnio........................ Alamo National Bank, San Antonio.. Commercial National Bank, Sherman ............................ Merchants’ and Planters’ National Bank, Sherman................. Texas City National Bank, Texas | City........................... Victoria National Bank, Victoria.... Citizens’ National Bank, Waco... City National Bank of Wichita Falls. UTAH. FirstNationalBank, Ogden........ Pingree National Bank, Ogden.... Utah NationalBank, Ogden........ $14,236.49 14,800.00 15,000.00 9,159.35 67,719.89 8,345.21 13,478.15 69,147.90 143,943.99 4,969.50 149,376.02 125,100.10 50,453.06 49,900.32 8,979.66 7,703.29 166,417.34 76,058.16 154,903.78 50,332.63 77,860.37 23,847.50 51,877.01 50,000.00 138,729.28 113,081.28 400,000.00 32,457.63 30,903.53 50,100.00 100,000.00 26,700.77 16,347.77 5,000.00 4,574.47 10,530.16 4,290.77 7,773.63 4,687.02 10,000.00 63,867.48 394,476.63 20,741.93 29,926.68 49,999.70 1,425.76 82,959.86 20,000.00 68,690.24 14,569.12 18,601.92 94 REPORT OF THE TREASURER OF THE UNITED STATES. No. 34.—Federal reserve and national banks designated as depositaries of public moneys, with the balance held June 30, 1918—Continued. REGULAR DEPOSITARIES—Continued. Title of banks. To the credit of the treasurer of the United States and United States disbursing officers. Title of banks. To the credit of the treasurer of tie United States and United States disbursing officers. WEST VIRGINIA. utah—continued. Deseret National Bank, Salt Lake City $74,996.49 National Bank of the Republic, Salt Lake City 81,083.05 National Copper Bank, Salt Lake Citv 85,677.11 15,656.86 National City Bank, Salt Lake City.. VERMONT. Peoples National Bank, Barre Montpelier National Bank, Montpelier 5,000.00 14,999.00 National Bank of Newport. Newport. 19,684.91 Weldon National Bank, St. Albans.. 25,000.00 VIRGINIA. Citizens’ National Bank, Charleston. Empire National Bank, Clarksburg. Merchants National Bank of West Virginia, Clarksburg......... Union National Bank, Clarksburg... First National Bank, Huntington... Old National Bank, Martinsburg.... First National Bank, Parkersburg.. Second National Bank, Parkersburg. Parkersburg National Bank, Parkersburg.............................. National Exchange Bank, Wheeling. WISCONSIN. $200,441.38 18,369.30 7,863.25 11,170.77 42,844.11 30,000. Oo 100,000.02 100.027.50 90,142.72 125.120.57 First National Bank, Abingdon..... First National Bank, Alexandria.... Citizens National Bank, Alexandria. Dominion National Bank, Bristol... National Bank of Charlottesville, Charlottesville.................. Second National Bank, Culpeper.... Culpeoer National Bank, Culpeper.. First National Bank, Danville...... Front Royal National Bank, Front Royal............................ First National Bank, Hampton...... Lynchburg National Bank, Lynchburg ............................. Peoples National Bank, Lynchburg. First National Bank, Martinsville... First 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. Boston National Bank, South Boston National Valley Bank, Staunton.... First National Bank, Wytheville.... WASHINGTON. 24,530.88 12,302.24 20,475.95 13,497.52 7,702.85 4,488.07 4,826.37 31,000.00 14,537.74 13,805.05 > 29,004.52 14,267.81 3,071.65 28,929.94 156,574.95 348,088.23 41,749.44 30,077.13 404,006.13 51,261.40 114,000.00 114,908.64 38,472.32 35,093.37 5,000.00 19,092.10 4,593.08 First National Bank, Antigo...... Citizens’ National Bank, Appleton.. Ashland National Bank, Ashland... First National Bank, Baraboo..... Union National Bank, Fau Claire... First National Bank, Elkhorn..... Commercial National Bank, Fond du Lac......................... Fond du Lac 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, Mil-waudee........................... Wisconsin National Bank, Milwaukee .......................... Old National Bank, Oshkosh....... First National Bank, Ripon....... American National Bank, Ripon.... First National Bank of the City of Superior, Superior............. National Bank of Waupun, Waupun. First National Bank, Wausau...... 5,541. 21 7,020.25 10.000.00 5,143.30 10,000.00 3,488.10 14,062.10 13,359.10 30,000.00 20,000.00 4,695.00 49,920.84 9,794.40 4.999.90 187,254.18 249,914.60 225,020.80 15.000.00 4,058.03 1 1.225.14 14,776.87 4,975.36 5.255.00 First National Bank, Bellingham... Bellingham National Bank, Bellingham.............................. First National Bank, Okanogan.... First National Bank, Port Townsend. First National Bank, Seattle..... Dexter - Horton National Bank, Seattle........................ Exchange National Bank, Spokane. Fidelity National Bank, Spokane... Old National Bank, Spokane....... First National Bank, Sunnyside.... National Bank of Tacoma, Tacoma.. Vancouver National Bank, Vancouver .......................... First National Bank, Walla Walla.. First National Bank of Yahoma.... 9,.564.39 8,803.49 14,974.45 50,208.66 49,667.57 490,510.64 115,835.37 7,084.66 53,472.05 9,980.00 50,000.00 100,109.61 19,527.63 33,315.17 WYOMING. First National Bank, Cheyenne.... Citizens’ National Bank, Cheyenne.. Stock Growers’ National Bank, Cheyenne....................... First National Bank, Evanston.... First National Bank, Lander....,. First National Bank, Powell...... First National Bank, Rock Springs . HAWAII. First National Bank of Hawaii, Honolulu......................... Army National Bank of Schofield Barracks......................... PHILIPPINE ISLANDS. Treasury of the Philippine Islands, Manila............................ 1 Credit balance. 50,010.00 25,000.00 62.909.74 20.702.00 10,000.00 15,000.00 10,000.00 1,254,690.77 503,352.25 4.992,602.35 REPORT OF THE TREASURER OF THE UNITED STATES. 95 No. 34.—Federal reserve and national banks designated as depositaries of public moneys, with the balance held June 30, 1918—Continued. REGULAR D E P O SIT AR 1E S—Continued. Title of banks. To the credit of the treasurer of the United States and United States disbursing officers. Title of banks. To the credit of the treasurer of tie United States and United States disbursing Olll-cers. PORTO RICO. American Colonial Bank of Porto Rico, San Juan 123,258.48 19,451.50 43,005.68 foreign depositaries—continued. Equitable Trust Co. of New York: Paris, France 3,042,526.42 FOREIGN DEPOSITARIES. Guaranty Loan & Trust Co. of New-York: Farmers’Loan & Trust Co. of New York: Paris, France Guaranty Trust Co. of New York: Sucersole de Paris 185,246.28 16,273.62 International Banking Corporation of New York: London branch Banque National Suisse, Berne, Switzerland 7,720,000.00 __________ SPECIAL DEPOSITARIES. State. A I3.bfj.rnfi Number. 9 1 2 12 7 6 4 3 12 7 30 31 40 29 15 3 5 13 12 10 13 4 14 16 Credit Treasurer United States. 89,000.00 1,000.00 2,000.00 12,000.00 7,000.00 6,000.00 498,000.00 3,000.00 12,000.00 7,000.00 30,000.00 31,000.00 40,000.00 29,000.00 15,000.00 3,000.00 5,000.00 13,000.00 12,000.00 10,000.00 13,000.00 4,000.00 14,000.00 16,000.00 State. Nevada Number. 2 11 8 11 29 8 1 48 6 7 74 1 5 2 2 89 5 18 3 11 14 6 Credit Treasurer United States. 82,000.00 11,000.00 8,000.00 431,000.00 29,000.00 8,000.00 1,000.00 48,000.00 6,000.00 7,000.00 74,000.00 1,000.00 5,000.00 2,000.00 2,000.00 4,296,500.00 5,000.00 18,000.00 3,000.00 11,000.00 14,000.00 6,000.00 Arizona New Hampshire Arkansas .. New'Jersey California New Mexico Colorado New York Connecticut North Carolina District. of Columbia North Dakota Florida Ohio - Georgia Oklahoma Idaho Oregon - Illinois Pennsylvania Indiana Rhode Island South Carolina IC ansa5? South Dakota Kentucky Tennessee Louisiana Texas - Maine Vermont Maryland Virginia M assacb n setts Washington M i eh i "an West Virginia Minnesota Wisconsin Mississippi W yoming Missouri Total 659 5,780,500.00 Nebraska. RECAPITULATION. Federal reserve banks................- - Special depositaries: Federal reserve banks, fiscal agents 863,817,988.46 1,491,338,825.44 ---------------- 81,555,156,813.90 National banks, etc.: Regular depositaries.......................................... Special depositaries.......................................... Foreign depositaries (credits to Treasurer United States only) 52,706,981.18 5,780,500.00 11,026,503.50 69,513,984.68 Total. 1,624,670,798.58- 96 REPORT OF THE TREASURER OF THE UNITED STATES. No. 35— Number of national 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 $326,119,230 81,599,221.08 448 $105,765,450 $431,884,680 1902 4,553 317,038,530 1,633,309.15 577 124,718,650 441,757,180 1903 5,014 375,068,770 1,708,819.92 713 152,852,020 527', 920, 790 1904 5,409 416,016,690 1,928,827.49 842 112,902,550 528,919', 240 1905 5,782 468,066,940 520,605,210 2,163,882.05 2,509,997. 80 837 927 80,404,950 95,575,725 548,471,890 616,180,935 1908 6,138 1907 6,538 558,364,660 2,806,070. 54 1,255 193,244,052 751,608,712 1908 6,827 7,020 7,207 7,337 628,172,130 660,689,070 3,090,811.72 3,190,543.04 1,436 1,414 180,459,419 81,244,071 808,631,549 741,933,071 1909 1910 686,974,880 3,463,466. 68 1,380 51,774,700 738,749,580 1911 698,532,060 ' 3,567,037. 21 1,362 50,206, 800 748', 738,860 1912 7,428 724,493, 740 3, 690,313. 53 1,354 48,309,500 772,803, 240 1913 7,532 740,529,250 3,804,762. 29 1,478 61,646,300 802,175,550 1914 i 7,526 740, 796,910 3, 889,733.17. 1,584 63,711,350 804,508, 260 1915 7,503 736,024,190 3,901,541.18 1,491 54,854,619 790,878; 809 1916 7,412 7,363 690,440,930 671,333,060 3,744,967. 77 3,533,631. 28 1,381 1,368 42,674,350 43,054,350 733; 115; 280 714,387,410 1917 1918 7,388 708,680,900 3,656,895.34 1,386 50,344,700 759,025,600 1 Number of banks having bonds on deposit with Treasurer from and after this date. No. 36.— United States bonds retired from May, 1869, to June 30, 1918. Title of loans. Rate of interest. Redeemed. Purchased. Converted and exchanged. Total. Loan of 1847 Per ct. 6 6 6 6 6 6 6 6 6 6 6 6 6 5 5 5 5 5 4 3J 3i 31 3 3 2 6 6 6 6 6 6 5 4 4 4 $47,900 1,175 7,798,000 685,950 12,932,400 430,419,800 4,684,700 2,382,200 69,868,950 157,697,450 205,287,650 310,108,700 37,478, 750 232,000 7,022,000 6,041,000 192,459,250 72,867,850 81,046,750 62,145, 850 127,595,600 37,226, 200 109,155,250 305,581,050 25,410,200 25,885,120 27,236,512 6,303,000 1,600,000 1,970,560 1,628,320 19,372,000 $47,900 1,175 18,410,000 942,750 61,709,100 514,666,650 24,538,950 3,882,500 125,547,350 203,307,400 332,941,800 379,524,250 42,529,450 232,000 7,022,000 19,998,000 194,548,750 116,466,850 224,564,950 740,450,200 127,595,600 50,457,850 401,504,850 305,581,050 135,363,440 25,410,200 25,885,120 27,236,512 6,303,000 1,600,000 1,970,560 1,628,320 99,986,950 43,825,500 656,000 61,050,000 14,935,500 Bounty-land scrip Loan of February, 1861 Oregon war debt Loan of July and August, 1861 Five-twenties of 1862 Loan of 1863 $10,612,000 256,800 48,776, 700 57,155,850 19,854,250 1,119,800 43,459,756 36,023,350 118,950,550 62,846,950 4,794,050 $27,091,000 Five-twenties of March, 1864......... Five-twenties of June, 1864 Five-twenties of 1865 Consols of 1865 Consols of 1867 Consols of 1868 Texas indemnity stock 380,500 12,218,650 9,586,600 8,703,600 6,568,600 256,650 Loan of 1860 Loan of 1858 13,957,000 2,089,500 441,728,950 Ten-forties of 1864 Funded loan of 1881 Funded loan of 1891 Funded loan of 1907 Loans of July and August, 1861, continued 43,599,000 143,518,200 236,575,400 Loan of 1863 13,231,650 292,349,600 Funded loan of 1881 continued Loan of July 12,1882 Loan of 1908-1918 Funded loan of 1891 continued Bonds issued to Pacific railroads: Central Pacific 2,913,540 132,449,900 Union Pacific Kansas Pacific Central Branch, Union Pacific... Western Pacific Sioux City & Pacific Loan of 1904 Loan of 1925 8,543,650 43,825,500 656,000 61,050,000 14,935,500 72,071,300 First iberty Loan converted Second Liberty I oan Third Liberty Loan Total 2, 350,172,037 959,466,840 1,032,683,500 4,342,322,477 REPORT OF. THE TREASURER OF THE UNITED STATES. 97 No. 37.—Seven-thirty notes issued, redeemed, and outstanding June 30, 1918. Issue. Total issued. Redeemed to June 30, 1916. 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 $140,085,400 299,947,200 330,970,200 198,955,000 $100 $140,085,400 299,947,200 330,970,200 198,955,100 $9,350 45,300 29,800 44,900 * 970,087,250 969,957,800 100 969,957,900 129,350 No. 38.—Refunding certificates, act of Feb. 26, 1879, issued, redeemed, and outstanding. How payable. Issued. Redeemed during year. Total retired to June 30, 1918. Outstanding. To order $58,500 $20 To bearer 39,954,250 $360 39,943,070 11,180 Total 40,012,750 360 40,001,550 11,200 No. 39.—Checks issued by the Treasurer for interest on registered bonds during the fiscal year 1918. Title of loans. Number. Amount. Philippine loan of— 1914-1934 (L. P.)......................................................... 1915-1935 (P. I. B.)...................................................... 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 (Cebu).......................................................... 1926-1946 (loan of 1916)............................................... Porto Rican Gold Loan of— 1920-1927................................................................. 1922-1937.............................................................. 1933-1943................................................................. 1944-1954................................................................. 1925-1939................................................................. Refunding................................................................. Irrigation................................................................ Insular................................................................... Public Improvement of 1916............................................. District of Columbia 3.65 per cent bonds...................................... Total................................................................... 2,435 1,028 310 293 . 467 335 574 88 821 72 18 86 274 221 191 66 92 76 376 $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 26,200.00 24,000. 00 12,000.00 20,000. 00 194,088. 75 7,823 1,226,288. 75 No. AQ—Interest paid by the Treasurer of the United States on District of Columbia 3.65 per cent bonds during the fiscal year 1918. Coupons......................................................................... $10,457.99 Checks.......................................................................... 193,961.00 Total. 204,418. 99 87013—18----7 98 REPORT OF THE TREASURER OF THE UNITED STATES. No. 41.—Coupons from United States bonds, and interest notes paid during the fiscal year 1918, classified by loans. Title of loans. Number of coupons. Amount. Ten-forties of 1864 1 $12.50 Five-twenties of 1862 13 33. CO Consols of 1865 1 3. CO 5 per cent loan of 1904 2 1.24 Funded loan of 1907 791 807.50 Panama Canal loan of— 2 per cent 1916-1936 286 85.30 2 per cent 1918-1938 676 2,774.80 3 per cent 1961 34,789 225,881 230,130.75 3 per cent loan of 1908-1918 496', 267.10 4 per cent loan of 1925 78,857 14,108 658,222.00 47,593.75 2 per cent consols of 1930 3 per cent conversion bonds 92,886 683,516.25 One year treasury notes : 36,422 809,047.50 21 per cent postal savings— First series 18 4.50 Second series 58 48.50 Third series 90 114.50 Fourth series 161 208.25 Fifth series 122 94.50 Sixth series 43 75.75 Consolidated 14, 797 21,990.25 34,625,605.59 31 per cent first Liberty loan of 1932-1947 4, 790', 314 31 per cent first Liberty loan of 1932-1947 converted 6,615,450.56 54,141,068.00 4"per cent second Liberty loan of 1927-1942 9,076,224 4 per cent second Liberty loan of 1927-1942 converted 4,352,293 6,302,716.73 Total 18,718,833 $104,635,871.82 No. 42.—Bonds and other securities retired for the sinking fiend during the fiscal year 1918, and total from May, 1869. Title of loans. Retired during fiscal year. From May, 1869. Redeemed. Purchased. Total. War-bountv scrip $175.00 $175.00 Loan of 1860 10,000.00 10,000. 00 Loan of February, 1861 3; 000.00 $10,612,000.00 10,615' 000.00 Oregon war debt 1,550.00 ' 256' 800.00 258'350.00 Loan of July and August, 1861 78,450.00 48, 776,700.00 48,855' 150.00 Five-twenties of 1862 ■ 30,047,450.00 24,029,150.00 54,076,600.00 Loan of 1863 23'100.00 19i 854', 250.00 19' 877' 350.00 Ten-forties of 1863 691', 700.00 691, 700.00 Five-twenties of March, 1864 361,600.00 361,600.00 Five-twenties of June, 1864 $50.00 11,072,150.00 18,356' 100.00 29,428,250.00 Five-twenties of 1865 1,989,450.00 16' 866,150.00 18'848'600.00 Consols of 1865 65,500.00 48' 166' 150.00 48,231,650.00 Consols of 1867 76,700 00 32,115,600.00 32, 192' 300.00 Consols of 1868 21', 350.00 2,213,800.00 2, 235' 150.00 Funded loan of 1881 25,091,550.00 43,599,000.00 68^690' 550.00 Funded loan of 1891 100.00 50' 767' 700.00 46,274,850.00 97,042,550.00 Funded loan’of 1907 18,200.00 60; 727' 000.00 134, 291,400.00 195,018,400.00 Loan of 1904 19,372,000.00 8,543,650.00 27' 915' 650.00 Loan of Julvand August, 1861, continued. 56,633,000.00 Loan of 1863, continued 37,220' 300.00 37,220,300.00 Funded loan of 1881, continued 43' 710' 300. 00 43,710,300.00 Loan of July 12. 1882 168,692,750.00 168' 692' 750.00 Loan of 1908-1918 2,396,800.00 2,396' 800.00 Funded loan of 1891, continued 25,408, 200.00 . 25,408,200.00 Loan of 1925 ■ 43,825,500.00 43' 825' 500.00 Treasury notes prior to 1846 110.00 ' 110.00 Treasury notes of 1861 200.00 200.00 Temporary loan certificates, act of 1862 110.00 110.00 Certificates of indebtedness, act 1862 1,000.00 1,000.00 Certificates of indebtedness of 1870 678' 000.00 678', 000.00 One-vear notes of 1863 10.00 5,515.00 Two-year notes of 1863 L 700.00 1'700.00 Compound-interest notes 260.00 31,390.00 31' 390.00 Seven-thirties of 1861 1,500.00 C 500.00 Seven-thirties of 1864-65 100.00 13,500.00 13' 500.00 Fractional currency 1,430.33 26,270,745.11 26 270. 745.11 United States notes 29,090,564.00 29,090,564.00 Old demand notes 140.00 3,455.00 3355.00 Refunding certificates 360.00 11' 790.00 1,350.00 13' 140.00 Certificates of indebtedness 13,936,500.00 1,500,000.00 15,436', 500.00 Total 20,650.33 601,742,454.11 502,040,850.00 1,103,783,304.11 REPORT OF THE TREASURER OF THE UNITED STATES. 99 No. 43.—Public debt, June 30, 1917, and June 30, 1918, and changes during the yeir. Title of loans. Rate of interest. Outstanding June 30,1917. Issued during the year. Retired during the year. Outstanding June 30,1918. INTEREST-BEARING DEBT. Loan of— 1925 Per Ct. 4 3 2 2 2 3 24 3 3 2 to 4j 34 4 41 $118,489,900.00 63,945,460.00 599,724,050.00 48,954,180.00 25,947,400.00 50,000,000.00 10,039,760.00 28,894,500.00 27,362,000.00 272,857,132.00 1,466,335,094.61 1908-1918 Consols of 1930 Panama Canal, loan of— 1916-1936 1918-1938 1961 Postal savings bonds Conversion bonds One-year Treasury notes.... Certificates of indebtedness. First Liberty loan bonds... Second Liberty loan bonds.. Third Liberty loan bonds... War savings and thrift 2,712,549,476.61 DEBT ON WHICH INTEREST HAS CEASED. Old debt 1/10 to 6 6 5 5 6 6 6 5 6 6 6 6 5 31 6 6 34 6 34 3 44 2 5 4 3 6 7 3/10 5 5 6 7 3/10 6 4 to 6 3 4 151,610.26 950.00 20,000.00 2,000.00 105,450.00 14,000.00 19,850.00 18,550.00 57,150/00 93,750.00 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 20,950.00 4,000.00 13,050.00 506,100.00 12,775,600.00 2,300.00 9,350.00 30,200.00 26,800.00 158,410.00 120,100.00 3,000.00 2,850.00 5,000.00 11,560.00 Loan of 1847 Texas indemnity stock Loan of 1858 Five-twenties of— 1862 June, 1864 1865 Ten-forties of 1864 Consols of— 1865 1867. 1868 Loan of February, 1861 Funded loan of— ■ 1881 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 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 , Three per cent certificates... Refunding certificates 14,232,230.26 DEBT BEARING &O INTEREST. — $118,489,900.00 63,945,460.00 599,724,050.00 $1,020,940.00 19,150,000.00 9,017,648,500.00 523,112,200.01 3,807,863,516.00 3,243,045,138.47 $27,362,000.00 7,565,496,132.00 656,000.00 61,050,000.00 14,935,500.00 48,954,180.00 25,947,400.00 50,000,000.00 11,060,700.00 28,894,500.00 19,150,000.00 al,706,204,500.00 1,988,791,294.62 3,746,813,516.00 3,228,109,638.47 352,769,265.13 2,971,967.80 349,797,297.33 16,964,609,559.61 7,672,471, 599.80 11,985,882,436.42 $151,610.26 950.00 20,000,00 2,000.00 50.00 105,450.00 13,950.00 19,850.00 18,550.00 57,150.00 93,750.00 9,900.00 5,000.00 22,400.00 50.00 2,250.00 15,050.00 1,600.00 3,100.00 100.00 200.00 100.00 18,200.00 12, 775,600.00 10.00 260.00 100.00 360.00 20,850.00 4,000.00 13,050.00 487,900.00 18,805,000.00 2,300.00 9,350.00 30,190.00 26,800.00 158,150.00 120,000.00 3,000.00 2,850.00 5,000.00 11,200.00 12,794,680.00 20,242,550.26 Old demand notes. United States notes National-bank notes, redemption account Fractional currency Total Aggregate 53,152.50 346,681,016.00 48,235,167.00 6,846,568.15 212,820,000.00 10,279,650.00 140.00 212,820,000.00 21,611,225.00 1,430.33 53,012.50 346,681,016.00 36,903,592.00 6,845,137.82 401,815,903.65 223,099,650.00 234,432,795.33 390,482,758.32 3,128,597,610.52 17,187,709,209.61 7,919,699,075.13 12,396,607,745.00 a Exclusive of $18,805,000 which matured, and are included in “Debt on which interest has ceased.' 100 REPORT OF THE TREASURER OF THE UNITED STATES, No. 44.—Public debt, exclusive of certificates and Treasury notes, at the end of each month from January, 1912. 4, Ik Months. Interest bearing. Matured United States notes and fractional currency. National-bank notes, redemption account. Total. 4 1912—January $963,776,770.00 $1,818,220.26 $353,590,938.40 $26,158,715.00 $1,345,344,643.66 February 963,776,770.00 1,814,750.26 353,590.938.40 25,714,812.50 1,344,897,271.16 March 963,776,770. 00 1,805,240.26 353,590,938.40 27,860,532. 50 1,347,033 481.16 April 963' 776' 770.00 1^770' 230.26 353; 590; 453.40 27; 113; 412.50 1,346,250,866.16 May 963,776,770.00 1'765' 210.26 353,590,453.40 25; 622; 399.50 i; 344; 754;833.16 J une 963,776,770.00 1' 760' 450.26 353; 590; 453.40 24; 710; 831.50 i; 343; 838; 505.16 July 964,631,630.00 1,731,010.26 353; 590'. 128.40 23,282,743.50 1,343,235.512.16 August 964,631,630.00 1,728,510.26 353,590,128.40 22,595,701.00 1,342,545,969.66 September.... 964,631,630.00 1,728,360.26 353,590; 128.40 22,384,261.00 i;342;33i;379.66 October 964,631,630.00 1,706,870.26 353,590,128.40 22,179,493.50 1,342,108,122.16 November.... 964,631,630.00 1.695,450.26 353,589,708.40 21 670; 441.00 1,341,587,229.66 December.... 964,631,630.00 1,695,070.26 353,589,708.40 21,143,373.50 1,341,059,782.16 1913—January 965.706,610.00 1,678,390. 26 353,589,708.40 20.550,098.50 1,341,524,807.16 February 965,706,610.00 1,677,650.26 353,589,163.40 22,871,078.50 1,343,844,502.16 March 965,706,610.00 1,675,590.26 353,588,908.40 22,659,281.00 1,343,630,389.66 A pril 965' 706' 610.00 1,664,580,26 353,588,778.40 21,982.033.50 1', 342; 942', 002.16 ' May 965' 706' 610.00 1', 660' 900'. 26 353,588,778.40 2t; 539; 201.00 i;342; 495; 489.66 J line 965' 706' 610.00 1,659' 550.26 353,588,778.40 22; 092', 806.00 i; 343; 047; 744.66 July 966' 823' 490.00 1'654' 660. 26 353,588,323.40 20; 790; 733.50 1,342,857,207.16 August 956' 823' 490.00 1'652'120.26 353; 588', 323.40 2i; 720; 031.00 i;343;783;964.66 September.... 966' 823' 490.00 1'651 '100.26 353,588,008.40 20,593,576.00 1,342,656,174.66 <- ■< October 966,823,490.00 1,649,040.26 353,588,008.40 18,835,883.50 1,340,896, 122.16 November.... 966' 823' 490.00 1,647,180.26 353,588,008.40 17,481,856.00 i;339; 540;534.66 December.... 966,823,490.00 1,641,720. 26 353,587,989.40 17,209,266.00 1,339,262,465.66 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 l',615' 310.26 353,587,266.40 15; 585; 676.00 1,338,711,562.66 May 967' 953^ 310.00 x' 610^ 720.26 353; 586; 641.40 16; 13i; 221.00 i;339; 281; 892.66 June 967', 953'310.00 1' 552^ 560.26 353; 586; 641.40 15'.-142; 888.50 i; 338; 235; 400.16 July 968' 825' 550. 00 i; 548'440.26 353,586,641.40 15,684,170.50 i;339; 644; 802.16 August 968' 825' 550.00 1'545' 020.26 353,586,236.40 15,447,088.00 i;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 i; 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; 51 O', 530.26 353,585,018.40 19,189,381.50 i;344; 044; 020.16 May 969' 759' 090.00 i; 510', 070.26 353; 585; 018.40 19; 130; 262.00 i;343; 984; 440.66 Juno 969' 759' 090.00 1', 507; 260. 26 353,584,408.40 19,390,345. 50 i;344;24i;i04.16 July 970' 624\ 590.00 1,506; 260.26 353,584,408.40 19', 849; 327. 50 1,345,564,586.16 August 970' 624' 590.00 i; 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 i; 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 U- - Ik/ 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 A pril 971' 562' 590.00 1375; 040.26 353,582,903.40 52,349,750. 50 1,378,970,284.16 May 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 l',473; 100.26 353,582', 665.40 51,506,237.50 1,378.124,593.16 July 972' 469' 290.00 l',472; 550.26 353; 582,245.40 48; 679', 783.50 1'. 376', 203,869.16 August 972,469,290.00 1370; 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; 871377. 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 April 1,288,357,250.00 1359; 220.26 353,581,036.65 53,635,314.50 1,697,032,821.41 ♦ May 1,691,562,250.00 1,459,200.26 353,581,036.65 ', 65i; 692.00 2,097,254,178.91 June July 2,712,549,476.61 4,232,230.26 353,580,736.65 48,235,167.00 3,128,507,610.52 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 1395; 330.26 353,579,166.32 36; 099; 772.00 Hi 503', 355; 705.89 May 12,578/985,282.08 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 * Note.—The financial statement of the United States was not published for the months of July, August, September and October, 1917. REPORT OF THE TREASURER OF THE UNITED STATES, 101 No. 45.—Checks drawn by the Secretary and paid by the Treasurer for interest on registered bonds of the United States during the fiscal year 1918. Title of loan. Rate. Checks drawn by the Secretary of the Treasury. Checks paid by the Treasurer of the United States. Number. Amount. Number. Amount. Consols of 1930 . Loan of 1908-1918 Loan of 1925 Panama Canal loan of— 1916-1936 1918-1938 1961 Treasury notes Conversion bonds Postal savings Funded loan of 1907 Per cent. 2 3 4 2 2 3 3 3 2i 4 31 4 35,779 42,037 16,331 3,943 2,132 7,945 7 406 22,412 $11,947,651.00 1,449,006.15 4,074,648.00 978,880.80 515,975.40 1,262,028.75 9,825.00 181,620.00 238,270.00 35,870 40,648 17,390 3,930 2,190 7,150 7 421 22,330 29 74,745 345,780 $11,950,725.10 1,448,790.28 4,087,077.70 979,811.70 516,797.70 1,251,393.00 9,825.00 182,082.75 236,935.50 186.50 i 8,842,606.23 9,137,744.04 Liberty loan of 1917—First Liberty loan of 1917—Second 87,670 468,165 8,725,801.00 10,716,567.94 686,827 40,100,274.04 550,490 38,643,975.50 1 Including the'3-J per cent registered interest of the first Liberty loan converted. No. 46.—Money depositedin the Treasury each month of the fiscal year 1918 for theredemp-tion of national bank and Federal reserve bank notes. Months. 5 per cent account. Retirement account. Total. Insolvent and liquidating. Reducing. Nationals. Federals. 1917. J uly $24,500,685.36 28,636,923.55 24,852,263.80 28,117,219.93 $299,845.00 216,460.00 172,397.50 218,497.50 $49,995.00 $24,850,525.36 28,953,383.55 25,264,416.30 August loo;000.00 239,800.00 September October 24;997.50 28,360,714.93 23,153,155.64 21,903,146.07 November 22,804', 555.64 21,289,278.57 303,600.00 45; 000.00 280,197.50 December 333,670.00 1918. J anuary 21.778,595.10 28,816,055.09 28,558,171.13 23,517,855.96 26,856,414.75 24,417,231.76 349,600.00 1,187,700.00 987,200.00 23,315,895.10 30,466,505.09 29,024,261.13 24,612,305.96 February 663', 250.00 288,600.00 March ........... 177,490.00 April 858i600.00 235,850.00 890,097.50 1,872,000.00 May 105,145.00 27,851,657.25 June 351,097.50 26,640,329.26 Total 304,145,250.64 4,160,762.50 6,090,327.50 314,396,340.64 102 REPORT OF THE TREASURER OF THE UNITED STATES, No. 47.-—Amount of currency counted into the cash of the national-hank Fiscal year. Counted into cash. Delivered from Treasury. National-banknotes. For return to banks of issue. For destruction and reissue. For destruction and retirement. Bond secured. Emergency. 1900 896,226,281.48 147,143,649.90 171,048,135.36 196,361,193.28 261,742,386.65 306,817,357.43 295,174,419.81 238,834,864.76 348,549,280.70 459,537,008.30 499,599, 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 35,626,291.74 33,990,266.45 28,580,536.14 28,678,520.31 28,344,770.95 26,059,945.10 42,842,746.05 31,232,767.12 32,857,410.39 33,583,526.02 36,861,762.26 34,770,568.63 $25,620,660 57,668,715 57,303,520 62,563,430 92,025,555 106,286,870 88,930,700 43,140,205 62,194,650 89,629,100 118,015,100 107,017,870 198,550,800 218,884,750 226,402,100 130,389,450 86,938,900 50,655,650 2,243,450 2,791,350 2,381,500 2,496,900 2,434,550 2,125,950 7,159,350 6,501,900 4,326,950 4,182,700 5,001,600 3,815,900 849,006,445.00 71,432,232.50 89,646,745.00 104,604,265.50 136,444,405.00 174,417,382.50 184,561,827.50 168,940,465.00 196,449,107.50 321,445,552.50 343,545,282.50 398,279,-110.00 417,932,800.00 426,431,860.00 462,276,515.00 330,110,347.50 351,812,445.00 313,657,970. 00 22,748,295.00 24,943,820.00 23,581,980.00 23,315,657.50 19,806,097.50 17,219, 860.00 18,169,245.00 23,185,550.00 21,374,772.50 20,371,797.50 22,168,725.00 20,025,375.00 $17,909,793.00 18,626,437.50 20,085,274.50 26,272,086.00 30,936,971.00 25,857,368.00 24,724,135.00 25,454,254.50 39,535,156.50 89,562,083.00 32,288,770.50 34,976,840.00 28,527,711.50 24,089,035.50 26,852,200.00 17,205,958.00 24,633,010.50 39,409,340.50 2,536,005.00 2,387,047.50 2,108,352.50 1,899,280.00 1,711,787.50 1,201,525.00 1,550,385.00 1,708,445.00 1,160,255.00 1,070,392.50 1,204,530.00 1,138,995.00 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910 1911 1912 1913 1914 1915 $287,220,267.50 61,518,352.50 3,808,650. 00 146,665.00 123,100.00 130,600.00 142,250.00 131,795.00 118,780.00 159,195.00 109,300.00 110,750.00 86,600.00 103,455.00 103,500.00 1916 1917 1917. July August September October N ovember December 1918. January February March April May June Total 393,429,111.16 45,462,100 256,911,175.00 19,677,000.00 1,465,990.00 REPORT OF THE TREASURER OF THE UNITED STATES, 103 redemption agency and redeemed notes delivered, by fiscal year's, from 1900. Delivered from Treasury. Federal reserve notes. Federal reserve bank notes. Total. United States currency deposited in Treasury. Balance. For return to banks and agents. For destruction. •For return to banks of issue. For destruction and reissue. For destruction and retirement. $92,536,898.00 $111,699.00 $6,787,132.32 147,727,385.00 122; 883.13 6,080,514.09 167,035,539.50 148i 477.00 9,944,632.95 .. 193', 439; 781.50 174,806.50 12,691,238.23 259; 406; 931.00 291,351.00 14,735,342.88 306,561', 620.50 308,547.50 14,682,532.31 298,216,662.50 267, 451.50 11,372,838.12 237,534.924.50 295,300.00 12,377,478.38 298,178,914.00 62,277,8S0.08 ....... 500,636,735.50 532,949.00 20,645,203.88 493', 849'. 153.00 640,328.00 25,755,606.45 540,273; 820.00 610,141.50 34,359,346.33 645; Oil'. 311.50 738,723.50 35,631,875.70 ... 669', 405,645.50 950,249.55 38,398,248.20 715.530,815.00 1,232,613.00 26,260,644.46 764,926', 023.00 2,802,553.00 28,941,086.20 $14, 410, 600 $24,758,450 564,071,758.00 867,242.00 23,978,217.10 12,430,300 41,582,865 $27,550 $54,900 $1,154,775 462,782,000.50 613,219.00 18,030,293.97 805,500 3,574,260 32,199,960.00 42,147.00 21,414,478.71 559' 200 2,809,400 90; 550 33,704; 467.50 41,446.00 21,658,831.66 592,300 202,030 32,049,927.50 35,836.00 18,153,604.30 3,541,400 168,835 32,210,372.50 39,272.00 14,582,480.11 725,100 i, 666i 920 127,060 28,603,310.00 47,890.00 14,276,051.06 671', 500 2', 814,735 238,200 24,390,550.00 36,262.00 15,909,184.16 2,155,200 3,290, 870 271,680 32,755,925.00 74,114.00 25,921,891.21 3', 849', 795 312,750 37,843,190.00 42,0S1.00 19,269,387.33 2; 034,650 5; 098; 780 9,350 139,920 240,290 34,495,717.50 42,635.50 17,588,444.72 2,094,550 5,247,250 31,909 218,500 37,490 33,341,180.00 105,657.00 17,725,133.74 1,636,250 4,640,565 28,600 371,900 61,925 35,217,550.00 118,961.00 19,250,385.00 1,797, 800 5,223,,640 10,500 242,300 37,630 32,395,640.00 55,050.00 21,570,263.63 15,893,550 46,810,780 80,350 972,620 1,934,225 389,207,790.00 681,351.50 104 REPORT OF THE TREASURER OF THE UNITED STATES. No. 48.—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 $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 •812,427 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 88,390 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 82,633 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 $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 $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 $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 $710 1,528 2,271 3,176 4,034 5,372 5,346 6,418 5,896 7,838 6,586 7,710 6,797 7,135 9,426 9,596 7,847 6,467 4,783 $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 $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 1901 1902. 1903 1904 1905 1906 1907 1908 1909. 1910 1911... . 1912 1913 1914 1915 1916 1917 1918 < * I A No. 49.—Mode of payment for currency redeemed at the national-bank redemption agency, by fiscal years, from 1900. l‘ iscal years Treasurer's checks. United States currency. Gold, silver, and minor coin. Credit in general account. Credit in redemption account. Total. I960 $28,433,009.35 65,935,811.50 61,870,406.50 63,546,511.10 95,594,893.78 107,599,546.95 122,852,833.45 126,576,021.21 172,719,195.75 219,617,316.49 171,238,564.95 192,124,524.68 241,465; 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 $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 62,747,460.05 123,985,045.30 165,668,342.33 250,279,311.34 280,827,485.49 319,249,866.07 352,869,975.89 286,102,626.90 307,667,489. 65 418,381,906.13 273,264,891. 03 101,362,222.83 $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 $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 $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 1901 1902 1903 1904 1965 1906 1907 1908 1909 1910 1911 1912 1913 1914 1915 1916. 1917 1918 1 $16,927,204.85 for retirement of emergency currency. No. 50.—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 $74,872,477.50 $121,420.28 $1,021,916.07 $11,140,721.93 1901 131,535; 726.84 128,928,835.00 122; 544.28 723,459. 79 12,901,609. 70 1902 148; 687; 860.75 147,010,875.00 153", 334.03 1,622; 486.52 12,802,774.90 1903 169; 458", 351.28 167; 643; 585.50 156,409.72 1,176,007.51 13; 285; 123. 45 1904 230; 952,146.79 228; 324", 620.00 176,464.24 1,351,771. 62 14; 384", 414.38 1905 282,914,986.56 280,998,292.50 223,672.88 977,191.78 15,100,243. 78 1906 279; 186; 849.35 272,996,587.50 249", 350.38 1,570,711.55 19; 470; 443.70 1907 214,858,638.72 212,082,400.00 248,742.26 1,480,983.67 20; 516", 956.49 1908 260,678,988.70 261 ".197,305.00 234,300.66 2,347,492.91 17,416,846.62 1909 415,116,821.67 409; 517; 715.00 271,934.30 2,367,908.44 20,376,110.55 1910 465; 35i; 212.01 461,232,132.50 398; 612.85 1,675,725. 54 22,420,851.67 1911 505,754,509.59 505; 809,020.00 442,668. 78 1,820,609.03 20; 103", 063.45 1912 617,425,172.82 618,160,280. CO 437; 838.01 1,280,294.59 17,649,823.67 1913. 649,688,803.99 644,913,365.00 504,688. 24 1,751,270.04 20,169,304.38 1914 691", 193; 157.01 685; 944; 050.00 520,422.42 2,493,501.56 22,404,487.41 1915 485; 238; 827.88 460,499; 797.50 521,761.53 21", 088". 041.43 25,533,714.83 1916 44i; 182; 576.23 438,751,345.00 50i; 119.09 3,243,633.86 24,220,193.11 1917 368,714,326.53 364,396,070.00 438,261.36 2,320,704.57 25,779,483.71 1918 444,389,017.14 366,130,575.00 417,333.50 18,888,159.51 113,459,699.13 I > - Note.—Federal reserve notes not included until fiscal year 1918. Federal reserve note balance June 30, 1917, was $28,727,266.29. REPORT OF THE TREASURER OF THE UNITED STATES. 105 O 106 REPORT OF THE TREASURER OF THE UNITED STATES. REPORT OF THE TREASURER OF THE UNITED STATES, 107 No. 53.—General cash account of the national-bank redemption agency for the fiscal year . 1918, and from July 1, 1874- For fiscal year. From July 1,1874. Dr. Balance from previous year SIS, 030,293.97 398.310,185.28 280,993.95 Currency received for redemption “Overs” $10,671,592,576.98 1,810,267.15 Total '............................. 416,621,473.20 10,673,402,844.13 Cr. National-bank notes returned to banks of issue National-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 Federal reserve bank notes returned to banks of issue Federal reserve bank notes delivered to Comptroller of the Currency.. Money deposited in Treasury 45,462,100.00 278,054,165.00 15,893.550.00 46,810,780.00 80,350.00 2,906,845.00 681,351.50 5,070,652.79 7,392.15 967.00 13,910.15 69,145.98 21,570,263.63 2,913,408.096.00 7,365,045,596.10 42,734,450.00 113,152,095.00 107,900.00 4,116,520.00 146,183,117.23 65,498,532.05 115,798.09 105,810.05 240,655.53 1,124,010.45 21,570,263.63 Packages referred and moneys returned Express charges deducted Counterfeit notes returned Uncurrent notes returned or discounted.. “ Shorts” Cash balance June 30,1918 '. Total 416,621,473.20 10,673,402,844.13 No. 54.—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 §354,238,291 344,483,798 $155,520,880 209,038,855 242,885,375 213,151,458 43.90 1897 $232,888,449 $113,573,776 97,111,687 48.76 1876 60.68 1898 228,170,874 42.56 1877 321,828,139 320,625,047 324', 244,285 339,530,923 346,314,471 359,736,050 359,868,524 347,746,363 327,022,283 314,815,970 293,742,052 265,622,692 230,648,247 196,248,499 175,911,373 172 113,311 75.47 1899 239,287,673 90,838,301 96,982,608 37.96 1878 66. 48 1900 260,293,746 37.25 1879 157,656i 645 61,585,676 59,650,259 76,089,327 102,699,677 126,152,572 150,209,129 130,296,607 87,689,687 99,152,364 88,932,059 70,256,947 67,460,619 69,625,046 75,845,225 48.62 1901 339,884,257 358,173,941 147,486,578 43.39 1880 18.13 1902 171.869,258 196,429,621 47.98 1881 17.22 1903 383,173,195 428,886,482 51.26 1882 21.15 1904 262,141,930 308,298,760 61.12 1883 28.53 1905 468,285,475 65.84 1884 36.27 1906 538,065,425 296,292,885 55.07 1885 45.93 1907 589,445,599 662,473,554 680,666,307 240,314,681 40.77 1886 41.38 1908 349,634,341 52.78 1887 29.85 1909 461,522,202 502,498,994 67. 80 1888 37.32 1910 707.919,327 724,911,069 70.98 1889 38.55 1911 551,531,596 76. 08 1890 35.80 1912 739,940,744 649,954,710 87.84 1891 38.34 1913 750,906,777 675,889,000 706,756,602 90.01 1892 40.45 1914 755,598,359 93.54 1893 174;755^ 355 205,322,804 207,860,409 217,133,390 43.40 1915 943,887,520 782,633,567 82.92 1894 105', 330,844 86,709,133 108,260,978 51.30 1916 770,598,250 522,923,441 67.86 1895 41.71 1917 724,305,232 719,159,594 406,462,419 331,507,154 56.12 1896 49.85 1918 46.10 No. 55.—Changes during the fiscal year 1918 in the force employed in the Treasurer’s office. Total force June 30,1917: Regular roll............ Agency roll........ Postal savings roll... Increase in force. — Total force June 30,1918. 326 215 10 551 240 791 Changes during year: Discontinued.............................. Died................................. Resigned.......-....................... Transferred frpm....................... 21 4 93 25 Changes during year—Continued. Appointed................................ Reappointed.......................... Transferred to....................... 324 5 54 INDEX. Appropriations: Repayments from, and counter credits to.................... Assets of the Treasury: Available June 30, 1917 and 1918.................. Distribution of, June 30, 1918................’ ’ ‘ ................... Mints and assay offices, holdings of, June 30, 1918..................... Monthly statement of.......................... Treasury offices, holdings of, June 30,’ 1918’. Balance in the Treasury: Amount of................................. Available June 30, 1917 and’ 1918.’.’................................... Distribution of, June 30, 1918................ Monthly statement of..................’’’’’’”........................... Bonds: .................................. Page. 41 43 44 43 68 42 14 45 41 68 Checks for interest on, issued during year.................. Interest on, paid during year........................... National banks, State banks, etc., held in trust for Outstanding.............................. Panama Canal loan..................................................... Postal savings......................... Purchased of foreign governments...........’' ’....................... Receipts and disbursements on account of..............’ Retired from May, 1869....................... Sinking fund, retired for.......’ ’ ” ’ ’ ” ........................... State and city....................... Withdrawal of, to secure circulation.... Bullion: .......................... 11, 101 101 14 11 8 15, 39 8,39 9 96 98 16 19 Gold, in Treasury, by months.................................................. 46 Mints and assay offices, holdings of, June 30, 1918.......................... 44 Silver, in Treasury, by months............................................... 51 Bullion fund: Composition and distribution of, June 30, 1918............................... 43 Checks and warrants: Amounts of, outstanding...................................................... 43 Circulation: Amount...................................... Per capita.................................’ ’ Ratio to population................................ ' ’' ’' ’ ’...... Clearing house in New York: Money of each kind used with....................................... Transactions of Subtreasury with............................. Compound-interest notes: Issued, redeemed, and outstanding.............. Coupons: Paid during year............................... Customs: 23, 66 24 24 83 82 79 98 Receipts on account of............................................. 7 44 Denominations: ........................ ’ Average value....................................................... 34 Ratio of $10 and less to all paper.................................. 28 Depositaries, national bank: Amount held by................................................. 13 20 44 Balance of public moneys in, June 30, 1918.....’. ’ ’’ ..........’ ’ 86 Bonds held for.................................................... 45 Number of, and bonds held for, by years............................. 95 Public moneys with, by months...... .................... 67 Regular...................................(..........................86 fePecial......................................................... 86,95 108 SAN DIEGO FREE PUBLIC INDEX. 109 Disbursements: Page. Comparative statement of, 1917 and 1918.................................. 7 Warranted, for year..................................................... 42 Disbursing officers: Balances to credit of, in Treasury.................................. 13, 44 District of Columbia: Bonds and securities held for......................................... 38 Interest on bonds of, paid during year.................................. 97 Employees of Treasurer’s office: Changes in.............................................................. 107 Federal reserve banks: Gold settlement fund for................................................ 20 Federal land banks: Purchase of stock in..................................................... 8 Five per cent redemption fund: Amount of, June 30, 1918................................................ 13, 42,45 Monthly deposits in, for year.......................................... 101 Yearly deposits and redemptions on account of.......................... 104 Fractional currency: Denominations of, issued, redeemed, and outstanding..................... 79 Treasury amount in, by months........................................... 67 Gold: Circulation of, by months............................................... 46 Deposited at mints and assay offices.................................... 36 Estimated stock of, by months........................................... 46 Imports and exports of................................................ 14, 80 Mints and assay offices, holdings of, June 30, 1918..................... 43 Notes redeemed in....................................................... 11 Ratio to total stock of money........................................... 22 Recoinage of............................................................ 37 Settlement fund of, for Federal reserve banks........................... 21 Stock and distribution of............................................. 22, 46 Treasury, amount in, by months.......................................... 46 Treasury offices, holdings of, June 30, 1918............................ 42 Gold certificates: Amount and distribution of.............................................. 59 Average life of......................................................... 30 Circulation of, by months............................................... 59 Denomination of, issued, redeemed, and outstanding, by years............ 73 Outstanding June 30, 1917 and 1918...................................... 26 Outstanding, by months.................................................. 59 Total issued, redeemed, and outstanding................................. 80 Treasury, amount in, by months.......................................... 59 Treasury offices, holdings of, June 30, 1918............................ 44 Interest: Checks issued for, and paid............................................ 101 Coupons paid............................................................ 98 Expenditures on account of............................................ 7, 41 Internal revenue: Receipts on account of......................................-.............. 7, 42 Kinds of paper currency: Amount of each.......................................................... 28 Number of pieces prepared............................................... 30 Number of pieces issued in 1917 and 1918................................ 31 Lands: Receipts from sales of............................................... 7, 41 Legal-tender notes: Denominations of, outstanding, by years................................. 77 Liabilities of the Treasury: Amount of, by offices, June 30, 1918.................................... 42 Comparative statement of................................................ 45 Distribution of, June 30, 1918........................-................. 42 Monthly statement of................................................... 69 Manhattan Savings Institution: United States bonds held in trust for................................... 38 Minor coin: Mints and assay offices, holdings of, June 30, 1918.................... 43 Outstanding June 30, 1917 and 1918...................................... 34 110 INDEX. Minor coin—Continued. Page. Recoinage of....................................................... 37 Treasury, amount in, by months......................................... 67 Treasury offices, holdings of, June 30, 1918........................... 44 Mints and assay offices: Assets of the Treasury in custody of................................... 43 Money: Changes in volume of, in circulation................................... 66 Circulation of, by months............................................. 66 Clearing house in New York, kinds of, used with....................... 83 Estimated stock of, by months.......................................... 65 For moving the crops................................................... 35 Kinds in circulation............................................. 22, 23, 65 Paper, of each denomination outstanding, by years...................... 77 Shipments of, from Treasury............................................ 37 Stock and distribution of.............................................. 22 United States paper, issued, redeemed, and outstanding, by years.... 75 National banks: Bonds held in trust for................................................ 14 Designated depositaries of public moneys............................ 20, 86 Number of, and of depositaries, and bonds held for, by years........... 96 Public moneys on deposit in......................................... 20, 86 Semiannual duty collected from, by years.............................. 96 National-bank notes: Additional circulating notes, act May 30, 1908....................... 13 Amount and distribution of.......................................... 22, 55 Average life of.........................................-.............. 30 Circulation of, by months.............................................. 55 Cities, receipts of, from principal................................... 104 Denominations of, outstanding, by years................................ 77 Expense of redemption of.............................................. 106 Five per cent fund for.............................................. 45,104 Outstanding, by months.............................................. 55 Ratio of redemptions to outstanding................................... 107 Receipts and disbursements for 1917 and 1918............................ 9 Redemption of.......................................................... 37 Treasury, amount in, by months......................................... 55 Treasury offices, holdings of, June 30, 1918........................... 44 Old demand notes: Denominations of, issued, redeemed, and outstanding.................. 79 One and two year notes: Issued, redeemed, and outstanding..................................... 79 Panama Canal: Bonds sold for..........................................,............... 8 Disbursements for....................................................... 8 Paper money: Average life of........................................................ 29 Changes in denominations............................................. 27 Cost of................................................................ 29 Issued and redeemed for 1917 and 1918.................................. 30, 31 Kinds of............................................................ 23,28 Preparations of, for issue............................................. 30 Redemption of........................................................ 31 Population: Increase of...............................-............................ 24 Post Office Department: Postal Savings System................................................ 15 Receipts and disbursements on account of...........’................ 9,41 Public debt: Amount of, and changes in............................................ 11, 99 Monthly statement of.................................................. 100 Receipts and disbursements on account of, 1917 and 1918................. 9 Receipts: Net, ordinary, and total, 1917 and 1918................................. 7 Post Office Department, for year....................................... 41 Warranted, for year.................................................... 41 INDEX. Ill Recoinage: Page. Amount of, and loss from, for year.-..................................... 37 Redemption of paper currency: Number of pieces redeemed in 1917 and 1918.......................;....... 32 Refunding certificates: Issued, redeemed, and outstanding........................................ 97 Reserve fund................................................................. 11 Semiannual duty: Collected from national banks, by years. -............................... 96 Seven-thirty notes: . Issued, redeemed, and outstanding...................................... 97 Silver: Circulation of, by months................................................ 51 Estimated stock of, by months............................................ 65 Mints and assay offices, holdings of, June 30, 1918...................... 44 Recoinage of............................................................. 37 Stock and distribution of............................................. 22, 51 Treasury, amount in, by months.......................................... 68 Treasury notes, held against, by months...................................81 Treasury offices, holdings of, June 30, 1918............................. 44 Silver certificates: Amount and distribution of............................................ 22,59 Average life of.......................................................... 30 Changes in denominations of.............................................. 27 Circulation of, by months.....«.......................................... 59 Denominations of, issued, redeemed, and outstanding, by years............ 74 Issued, redeemed, and outstanding........................................ 80 Outstanding, by months................................................... 59 Treasury, amount in, by months............................................ 59 , Treasury offices, holdings of, June 30, 1918............................. 44 Sinking funds: Securities retired for.................................................... 98 Standard silvter dollars: Circulation of, by months................................................ 51 Mints and assay offices, holdings of, June 30, 1918...................... 44 Stock of, by months.................................................... 51 Treasury, amount in, by months........................................... 51 Treasury notes, held against, by months.................................. 81 Treasury offices, holdings of, June 30, 1918............................. 44 States: Bonds of, held in trust.................................................. 38 Subsidiary silver coin: Circulation of, by months................................................ 51 Estimated stock, of, by months........................................... 51 Mints and assay offices, holdings of, June 20, 1918...................... 44 Recoinage of............................................................. 37 Stock and distribution of............................................. 22, 51 Treasury, amount in, by months........................................... 51 Treasury offices, holdings of, June 30, 1918............................. 44 Subtreasuries: Assets and liabilities of, June 30, 1918................................. 42 Transfers of funds: For deposits in New York............................................... 35 Treasury notes of 1890: Amount and distribution of............................................ 22,55 Average life of.......................................................... 30 Circulation of, by months................................................ 55 Denominations of, issued, redeemed, and outstanding, by years............ 72 Issued, redeemed, and outstanding........................................ 80 Outstanding, by months..........,........................................ 55 Redeemed in gold, by years............................................... 80 Redeemed in gold, by months.............................................. 80 Redeemed in silver and retired.......................................... 81 Silver in Treasury purchased by, monthly................................. 81 Treasury, amount in, by months........................................... 55 Treasury offices, holdings of, June 30, 1918........................... 44 INDEX. 112 T :easury offices: Assets and liabilities of, June 30, 1918................................. Trust funds: . Amount of and changes in............................................. District of Columbia................................................. Held for the redemption of notes and certificates.................... Uncovered moneys : Amount of, June 30, 1918............................................. United States notes: Amount and distribution of........................................... Average life of...................................................... Changes in denominations of.......................................... Circulation of, by months....................._...................... Denominations of, issued, redeemed, and outstanding, by years........ Issued, redeemed, and outstanding.................................... Outstanding, by months............................................... Redeemed in gold, by years........................................... Redeemed in gold, by months.......................................... Treasury, amount in, by months....................................... Treasury offices, holdings of, June 30, 1918......................... United States paper currency: Condition of............................................................. Held in reserve vault................................................ Increase'in small denominations of...........................-....... Pieces of, outstanding..................!............................ Warrants and checks: Outstanding, on Treasury offices, June 30, 1918.......................... Total outstanding, June 30, 1917, and June 30, 1918.................. Page. 42 12, 38 38 12 42 22, 55 30 27 55 70 80 55 80 80 55 44 24 31 27 27 44 45 o