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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