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30

BOARD OF GOVERNORS
OF' THE

FEDERAL RESERVE SYSTEM
WASHINGTON

R-861

ADDRESS OFFICIAL CORRESPONDENCE
TC THE BOARD

];.ugust 6, 19A·l

Dear Sire
For your infornation there is enclosed a recapitulation of
an audit submitted to the Secretary of the Treasury by Mr • u. R. Loa.ftaan,
Chief, Division of Public Debt Accounts and Andits, showing the stock
of incor.aplet8 face printed Federal Reserve notes, 3eries of 1928 and ·
Series of 1934~ and of v~form backs allocated to Federal Reserv~ notes,
on hand at the Bureau of E;.;.gra.ving and Printing at Washington as at the
close of business Jun~ 30, 1941.
In his letter t~ansmitting the report to the Secretcxy of the
Treasury, Mr. Lo.:l):'nw.:n stated th 2t t "The audJ. t extended from June Z7 to
July 1, 1941, inclusj_ve, and consisted of a piece count of the stocks
of faces, Series 193/:. (except the stock of $5 denomination), and a package count of the um.foru backs allocated to Federal Reserve notes. All
stocks of Federal Reserve notes, Series 1928, and the stocks of the $5
denomination, Series 19.3A·, with the exception of those ret::dned by the
Bureau for specimen purposes, were piece counted and placed under the
Auditor's seal prior to the audit. An inspection w.:1s made of the seals
on the various bins containing these stocks and the seals vrore found to
be intact.
"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 hand in the Bureau, a package count and an inspection for denominations of the uniform backs nllocated to Federal Reserve notes was
deemed sufficient at this time.




R-861
- 2-

"The totcJ.. sheets of nll dcnominntions on tho whole of
Foclera.l Reserve notes, faces nnd backs, were :'ound to be in oxccss
of the total required rese:;.~ve of 4,250 ,coo sheets."
Very truly yours,

J. R. Vun Fossen, Assistant Cbief,
Division of Bunk Operations

Enclosure

'IO ALL FEDERAL RESERVE l..OENTS




3:1

I

~E..QAPl!.!!bA!l.QN

Federal Reserve Bo.nk
Faces a
Boston
New York
Philadelphia
Cleveland
Richmond
l•tlnnta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas

San Francisco
Total Faces
Faces a
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
B · ·Total Faces
a~!orm Backs ul.."l...ocuted to
the various donominntions
of Federal. Reserve Notes



R-861o.

FEDERJ.t RESERVE NOTES AND UNIFORM BACKS ALIDCATED W FEDERAL RESERVE NOTES , SHEETS OF 12 SUBJEI; J:'S EACH
AB AT THE CLOSE OF BUSINESS JUNE 30, 1941
Series of 1228
$5

--

68,66o-2J3

$10

1

--

Z7 ,m

208,05~1/3

Z7,872

12,84:1.-1~

1M' 966--2 3

76,633-1/3
7,966-2/J
7,76(:,.2/3
.31,675
128,066-2/3
57~34':?:-2/3

26,132-1/3
8,')66-2/3
V,166--2/3
35,100

564,o24-i15568,500

182,537
319,657-1/J
99,509-2/3
72,482-2/3
39,857-2/3
52,100
186,544

35,1HJ
32,766-2/3
29,433-1/3
52,200
90,469
1,192;997-1/3
656,500

$50

$100

$500 l$l,OCO ' $.5,oorr$1o,ooo r·-futal --

11,34.3-1/3

1,535
300

9,974
.30,105-1/3
24,02£>
·1
12.306
S,124
15,448-2/3
5,851-1/3
8,ooo
3,743
61,358-1/3 36,.341-2/.3 .30.660
3,982-1/.3
5,42.3
5,02l.rl/J
4,546
7,582-1/3
4,1;6.5
2,989-2/3
3,001
23,712-1/3
12,251
8,922
92,731-1/3
110,099-2/3
l42,674
186,303
Series of 1924

399

1

76,71l-1/3
34,63&-2/3

28,040-2/J

$20

6,66')-2/3

--

41,.311-2/J
18'7,929-2/3
60,351-2/3
r:n ,652
57,000
38,33.3-1/.3
72,?(:h-2/3
35,100
37,633-1/3
:?2 ,'266-2/3
18,500
;!)2?3.3-1/3
698 ,YT!-1/3
630,500

2,105 .
45,2/1)-1/.3
1,850
11,108
1,575
1,429
3,62!>-1/3
2,223
1,654
1,075
1,678
2 222
66~;132-i h 75~777j:-.2/.3

1,162
45,552
1,519
2,1.3,3-1/3
2,685
1,766
3,939
2,102
495
1,801
l,JJ8
1,640

149,000

120,500

30
170
200
698
La4
2lt5
152
60

293
34.5
100
252
22A
402

50
?A
34
79

JOO
68
102

11

250

226
4,46.3 2,562
200

337 484
300 1,500
100
80
130 150
1-lDO
2.30
400 li:J1
502 400
400 2.30
200 100
1()0
300
li:JO

200

4.30
4,029 4,525
4-Ql

1.;

9
JiJ
262

441
182
443
25
98
90

90 .·

v~

25
71

34
.32

--

1.3
7
1$

260

417
llO
MS

25
50

46
90

90

49

99
90

1;3

88,53.5-2/3
645
40,.578-1/3
113,401-1/3
58'1?06-l/3
17,86~1/3

' 1.30,072
10,179-1/3
9,88.3-1/.3
40,366

57,900
114,412.-1/3
632,5.48

241,636
745,437
2li:J, 931.,-2/3
191,672-2/3
109,662-1/.3
126 ,2Lt0-1/J
396,01&-2/3
132 9 97&-2/J
9G,981-l/3
63,739-2/.3
101,617-2/.3

45
109._____ _1.9~------~~~4-l-~
2,609,0 1-1 3
1,748 1,42o
2,125,000