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505 FEDERAL RESERVE B O A R D WASHINGTON address official correspondence t o the federal reserve board August 2, 1935* B-1097 SUBJECT: Audit of Reserve Stock of Incomplete Federal Reserve Notes. Dear Sir: For your information there is inclosed a copy of the recapitulation of an audit of the stock of incomplete Federal Reserve notes held at the Bureau of Engraving and Printing as of close of business June 29, 1935» forwarded to the Secretary of the Treasury by Mr, M, R, Loafman, Chief, Division of Public Debt Accounts and Audit. In his letter forwarding the report of the audit to the Secretary of the Treasury* Mr. Loafnan stated that: "The audit extended from June 26 to July 1, 1335t inclusive, and consisted of a piece count of the entire stock of faces and a package count of the uniform backs allocated to Federal Reserve notes. In view of the fact that a recent piece count has been made by this office of the entire stock of each denomination of uniform backs on band in the Bureau, a package count and inspection of the uniform backs allocated to Federal Reserve notes was deemed sufficient at this 506 B-1097 time. The total sheets of Federal Reserve notes, faces and backs, were found to "be in excess of the required reserve of 4,250,000 sheets, as authorized in the letter of the Governor of the Federal Reserve Board to the Under Secretary of the Treasury dated December 2, 1929." Very truly yours, E. L. Smead, Chief, Division of Bank Operations, Inclosures TO ALL FEDERAL RESERVE AGENTS RECAPITULATION OF AUDIT OF FEDERAL HSS3R7E MOTES, SERIES 1928. 12 SUBJECTS, OK H M D IH THE BUREAU OF WGRkYTHGr AS AT THE CLOSE OF BUSIKESS JUHS 29, 1935 A2TO ERINTIHGr B-1097a SHEETS OF 12 SUBJECTS EACH Federal Reserve "bank Faces: Boston Hew York Philadelphia Cleveland Richmond Atlanta Chicago St* Louis Minneapolis Kansas City Dallas San Francisco Total faces Series 1928 » « « 1934 $5 77,478 35,072 28,474 23.654 61,513-1/3 295,619-2/3 455,617-2/3 1,319,737-1/3 $20 38,002-1/3 69,427-1/3 Backs: Uniform Backs allocated to the various denominations of Federal Reserve Notes 568,500 Total faces and backs $10 51.824-2/3 32,310 28,871 95,770 28,875-1/3 62,891-2/3 20,422 25,045-2/3 93,164-2/3 6,663-2/3 30,105-1/3 24,026 15,448-2/3 36*341-2/3 0 8 4,465 8,922 320,226-1/3 142,674 656.500 630.500 1,652,182-2/3 1,473.459-2/3 , 2,989-2/3 156,952 . 838,730-2/3 522,733-1/3 $100 $50 44,300 11,343-1/3 9,974 12,305 8,125 , 5,851-1/3 30,660 3,982-1(3 5.024-1/3 7,582-1/3 3,001 12,251 110,099-2/3 45,300 149,000 120,500 335,974 275,899-2/3 $500 1,535 345 399 30 \ $i,ooo)$5,ooo $10,000 293 345 100 252 15 13 5p 24 224 120 402 300 *8 102 250 226 11 9 4o 2,682 50 275 2% 200 4,508 24 127,304-2/3 36 , 739 , 40,578-1/3 — — 170 200 698 474 34 79 — 25 77 34 32 •*— 68 — Total 13 7 48 296 — • 165,990-2/3 59,140-2/3 71,167-2/3 131,105-1/3 10,179-1/3 ^9,883-1/3 61,221-1/3 83,887-1/3 272,135 1,033,332-2/3 1,906,731-2/3 2,125,000 4,508 2,732 275 296 5,065,064-1/3 3-1097% K E G A P i m m O l ? OF AUDIT OF FEDERAL BESERiE BOTES, SERIES 19*. 12 SUBJECTS, 01? 2M1D £T THE BUBE&.U OF E0G-RATOJG ABD PRI17TBTG AS AT CLOSE OF BUSINESS JTJ1IS 29, 1935, SHEETS OF 12 SUBJECTS EA.CH Federal Reserve bank Faces: Boston Hew York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total faces $5 131,500 68,566-2/3 28,675 180,266-2/3 26,576 20,033-1/3 455,617-2/3 $10 $20 107,300 167,900 70,200 79,900 32,133-1/3 7,000 188,266-2/3 64,ooo 30,000 40,266-2/3 276,397-1/3 46,300 20,500 38,100 117,800 833,730-2/3 522,733-1/3 $50 $100 44,300 45,300 $500 $i,oooj$5,oooj $10,000 50 20,200 50,900. 4,300 44,300 45,300 50 Total 114,300 577.266-2/3 202,766-2/3 109,900 72,400 28,725 574,464 93,076 91,433-1/3 42,400 1,906,731-2/3
@FedFRASER