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/1 " Misc.3.100M-1-20 I FEDERAL RESERVE BANK OF NEW YORK DATE_July 12, 1921 Us_ ,ICE CORRESPONDENCE TO Governor Strong SUBJECT Questionnaire of Mr. Blackett. R. G. Bellah The papers attached to your office correspondence to me of June 27, do not give all the information desired in the questionnaire sent to you by Mr. Blackett. or has in available However, our department has already prepared farm much of the requisite data. be made up, only 4 present difficulties: Of the 18 tables to those of Lignite, Imports (weight), Exports (weight), and Capital Issues, but all the information can be procured. I understand that you have not as yet decided whether or not yoa will send a personal reply to r. Blackett, your directions before proceeding further. and therefore I shall await :79 ,FACTS OF INTEREST IBERTY LOANS ,CERT IFICATES OF INDEBTEDNESS .INCOME AND EXCESS PROFITS TAXES ,PUBLIC DEBT GOVERNMENT FUNDS ETC. Compiled by Becords Section - Issue Certificates of Indebtedness ivision Department Pederal Reserve Bank of New York. 1_.=lar.Y.Lagl Governor Strong To http://fraser.stlouisfed.org/ From Federal Reserve Bank of St. Louis - W. B. Matteson INDEX PAGES 1-S Resources, etc. Federal Reserve Banks 4 Public Debt 5-6 Income and Excess Profits Taxes 7-8-9-10 Certificates of Indebtedness - Distribution of 11 do 12-13 do 14 do - Allotments, etc. do - Bond Issues, Entire Country, 2nd Sales Associated Banks, etc. do do - Tax Issues, Ehtire Country, 2nd F. R. Dist., etc. 15 do do - Series 1920 - 1921 16-17 do do - Subscriptions and Payments 18 19 20-28 ' Liberty Loans - Amount Issued, etc. do do - Number of Subscribers, Individuals, Banks, etc. Government Funds - Deposits, Withdrawals, Balances 29-32 do do - Balances close of business Fridays 33 do do - Largest amount deposited 34 do do - do do collateral 35 Government Deposit - Correspondence and applications received 36 War Loan Deposit Account - Interest received 37 Liberty Loan Issues - Comparison of prices F. R. Dist., FEDERAL RESERVE BANKS ENTIRE COUNTRY Showing the resourcesof the twelve Federal Reserve Banks and branches number of member banks; and states in each district, cities where the branches are located; also the principal industries of the different states. As of December 30, 1920. Districts Number of Member Banks Branches Resources and Classification of cities 1 Boston Educational New York 2 4501,000 000 434 1,833,000,000 780 Financial 3 Philadelphia 490,000,000 Histcrical 4. Cleveland 614,000,000 Industries "Cities of Where Branches Are Located Branch Cities -0. Buffalo Page 1 282,000,000 District Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut Granite Mining-Lumbering Mfg.Boots Shoes-Farming Granite Mining Mfg.Cotton 82 Woolen Goode Fisheries-Raising Live Stock Mfg.Brass,Bronze Metals,Silks New York Mfg.-Commerce-Agriculture 12 counties in New Jersey 1 county in Conn. Mfg,-Truck Farming Delaware Part of N. J. Part of Penn. 869 2 Cincinnati Pittsburg Manufacturing Ohio Manufacturing Part of Penn. Part of West Va. Pt. of Kentucky * Richmond Historical In 610 1. Baltimoro Industries of States Shipping 697 Manufacturing 5. States Included Shipping and Mfg. Manufacturing Canning Manufacturing Coal Mining-Mfg. Iron & Steel Mfg. of Iron & Steel Coal Mining Coal Mining & Oil Mining Stock Raising-Growing Tobace0 Diet.of Columbia Print ing ti Publishing Maryland Canning-Fisheries Virginia Growing Tobacco No. Carolina Growing Cotton and Tobacco SO. Carolina Growing Cotton Pt. of West Va. Coal Mining - 2- Districts Number of Member Banks Resources and Classification of 6 Cities Atlanta 277,000,000 449 Commercial Number of Branches 4 & 1 Agency Cities Industries Where Branches of Are Located Branch Cities In District Birmingham, Alabama Coal Mining-Mfg. Iron & Steel Georgia Cotton growing-Fruit raising Raising of Citrus Fruits ,Jacksonville Nashville 7 Chicago Financial 950,000,000 1404 Coal Mining & Manufacturing Shipping Manufacturing States Included Florida St. Louis Distributing A 264, 000, 000 569 3 - Manufacturing ETobacco Pt.of Tennessee Tobacco growing Pt.of Mississippi Cotton Growing Pt.of Louisiana Cotton and Rice growing Detroit Iowa Pt.of Wisconsin Pt.of Illinois Manufacturing Little Rock Louisville Memphis Manufacturing Manufacturing Distributing Pt.of Pt.of Minneapolis 162,000,000 FlAur Centre page 2 997 -0- Meat Packing Lumbering Raising of grain & Meat Packing Raising of grain Mfg, of automobiles and furniture Arkansas Pt.of Missouri Pt.of Pt.of Pt.of 9 of States New Orleans Shipping Savannah Agency Shipping Indiana Pt.of Michigan 8 Industries Raising cotton and rice Stock Raising Raising of grain and Meat Packing Indiana Raising of grain Stock Raising-growing of Kentucky Tobacco Tobacco growing Tennessee Mississippi Cotton growing Montana North Dakota South Dakota Minnesota Pt. of Wisconsin Mining Copper and Silver Grain raising Grain raising Grain raising & flour of g. Lumbering C) - 3- Distribts and Number of Member Resources Banks Classification of ciqes Kansas City Grain Centre J. 12 Dallas COtton Centre Number of Branches Cities Industries of Where Branches Are Located Branch Cities of States 1084 3 Denver Oklahoma City Omaha Mining Mining Smelting Kansas Nebraska Colorado Wyoming Pt.of Missouri Pt.of Oklahoma Pt.of New Mexico Grain and stock raising Stock Raising Gold and silver mining Stock Raising-Oil Mining stock Raising Stock Raising-Oil Mining Stock-Raising-copper Mining 173,000,000. 844 2 Houston El Paso Distributing Distributing Texas Stock Raising-Oil mining Stock Raising-copper mining Oil mining Cotton and rice growing Copper and lead mining Los Angeles Shipping Portland Distributing Salt Lake City Smelting 821 Seattle Spokane) 0,269,500,000. 9558 X Pt.or New Mexico Pt.of Oklahoma Pt.of Louisiana Pt.of Arizona California Washington Oregon Ship-building Idaho Mining Nevado Utah Pt.of Arizona x23 x Including Savannah Agency L. Second District percentage 4f resources to entire country Page 3 Industries 4265,000,000. San Francisco Shipping Centre 458,000,000. TOTAL RESOURCES States Included In District X As m October 11., 1920. 30.3# Fruit growing-Gold mining Fisheries Copper and silver mining and Fisheries Stock Raising Gold and silver mining Copper and zinc mining Copper and lead mining MONTHLY CHANGES 1N THE PUBLIC DEBT OF THE UNITED STATES 1920 Jan. Bonds All Liberty Loans Treasury Certificates (Including Pittman Act and Special Issues ) Sayings Securities Debts (Non interest War bear ine Total Gross Debt Total Net Debt Bonds and Special. Issues) War Savings Securities Debts May June 883,549,390. 19 581, 283, 693. 2,667,220,055. 2,994,272,555. 867,023,867. 855,287,409, 3,364,939,055. 844,281,254. 2,768,927,500. 828,739,702. 239, 821,174. 242,048 483. 234,289, 869. 241,225,08% 235,56L.7,12. 25, 668,389, 093. 25,404,331,705. 24,698,671,584. 24,944,677,796. 24, 974, 963, 026. 236,821.181, 3,471,890,055. 3,301,888,755. 889,357,574. 879,419,235* 395,782.596, 24, 942, 619, 015. 25,008,549,109. Aug. 251,622,538. ___as21,152,f721. 24, 447, 049, 046. 24, 635,120,176. Sept. Oct. 883,549,390. 201, 868,990. 24, 773,094, 036. Nov. 24, 299,321, 466. 157,701,682. 23, 941, 619, 784. Dec. 883,622,190. 883,622,190. 883,622,190. 883,622,190. 19,573,620,658. 19,571,177, 458. 19,534,018,933.)9,528,703,318. 883,622,19o. 19,515,816,168. 883, 622,190. 19,512, 078,568. 2,640, 020, 450. 2, 629, 432, 950. 786,848,146. 796,974,393. 2,767, 435,450. 774, 684,505. 2,592, 885, 450. 233,903,068. 234,246,330. 231,076,370. 212,720,167. 24,222,917,012. 24,324,672,122. 24, 087,356,127. 24,062,509,672. 211,597, 931. 24,175,156,244. 232,684,179. 23,982,224,167. 165,627,097. 504051,394, 24, 017, 755, 097. 24,066,925,494. 23,652,395,077.23,858,857,645. 24,009,529,147. 23, 477,,272,773. 2, 712, 921,500. 2, 830,576, 000. 818,506,334. 808,220,104. 760,953,780. (Non interest bearing) Total Gross Less Balance General Fund Debt in Total Net Debt Page 4 Apr. 19, 647, 903, 458. July All Liberty Loans Treasury Certificates (Including Pittman Act Mar. 883,549,390. 883 , 549,390. 883,549,390. 883,549,390. 20,181,543,591. 20,099,653,151. 20,039,653,183.19,976,003,663. in Less Balance General Fund Feb. 205,161, 915. 257,746,628. 434,961.050. 203,652.027. 0 INCOME & EXCESS PROFITS TAXES RECEIVED DURING THE YEAR OF 1919 SECOND FEDERAL RESERVE DISTRICT, Cash & Checks Certificates of March 15 payment June 15 layment $267,892,445.18 0241,404,393.66 50 507 000,00 $318,399,445.18 Dscethber f5 Total Payment Payments *227,775,079.66 0224,659,604,08 $961,731,522.58 56,691,000.00 63 487 000.00 47,187,000.00 218,074,000.00 $298.097,391.66 $291,262,079.66 $272,046,604.08 $1,179,805,522,58 September 17 Payment Indebtedness T OTAL Page 5 INCOME & EXCESS PROFITS TAXES RECEIVED DURING THE YEAR OF 1 92 O. SECOND FEDERAL RESERVE DISTRICT March 15 Payment Cash & Checks Certificates of Indebtedness TOTAL Page 6 June 15 Payment September 15 payment December 15 Payment Total Payment 236,703,734.30 q 232,363,534.25 f 218,447,733.73 214,205,045.91 v901,720,048.19 16,866,500.00 16 252,000.00 14 745.000,00 13g416,52122 6128od1224.22 0 253,570,234.30 $ 248,615,534.25 233,192,733.73 227,621,545.91 0963,000,048.19 DISTRIBUTION BY ISSUES OF CERTIFICATES OF INDEBTEDNESS SOLD DURING' 1919 SECOND FEDERAL RESERVE DISTRICT NATIONAL Dated Rate 2,1919 Jan. 16,1919 Jan. 30,1919 Feb, 13,1919 Feb. 27,1919 Mar. 13,1919 Apr. 10,1919 1,1919 may TOTALS, 41 41 Issue Number STATE BANKS Amount Of Sale Number BANKS Amount TRUST ; Of Sale Number COMPANIES Amount Of Sale 103,680,500. 72,032,000. 72,163,500. 78,355,000. 64,662,500. 67,382,500. 66,818,5oo. 66,114,5oo. 0591,609,000. 34.4 35.4 BOND ISSUES Series 1919 5-C 5-D 5-E 5-r 5-G' 5-H 5-J 5-K Jan. 41 41 44 41 41 166,571,500. 479 105,701,500. 493 492 166,337,500. 115,438,000. 90,213,500. 490 458 484 441 90,151,500. 184,419,000. 55.3 51.9 62.6 53.1 51.7 49.2 67.0 156 157 158 161 152 150 148 140 0-1920 D-1920 Sept. 2,1919 1,1919 Dec. TOTALS 41 41 41 4,-It 388 410 335 144 7.9 9.3 8.2 28.462_,000. 8.9 9.4 11.3 6.9 13.4 $168,523,5oo. 9.2 16,575,000. 8.6 8.6 113,160.000. 41,031,992,500. 53-1 107,891,000. 117,307,500. 94,603,500. 25.949.500. $345,751,500. 56.1 58.1 37.4 60.1 50.1 104 118 87,806,000. 151,260,000. 143,760,500. 41,352,000. 62,010,000. 108,099,500. 68,399,500. 11,519,500. 255,493,000. 61,527,000. 51.0 66.4 67.7 52,6 16 10,267,500. 6.2 18 38 3,810,500. 5,525,500. 2,991,000. 11,154,500. 9,913,000. 8,614,500. 1,037,500. 34,348,000. 3,965,500. 1.7 2.6 1.8 11-3.370,500. 1,134,597,500. 50.9 57.2 42,512,341,500. 55.8 56.3 Series 1920 Aug. 1,1919 A-1920 Aug. 15,1919 B-1920 23,724,500. 18,872,000. 21,810,000. 19,454,500. 16,465,000. 20,749,500. 18,986,000. 92 39 17,332,000. 12,629,000. 2,296,o00. $48,832,000. 5.0 5.3 7.1 163 162 165 170 159 159 165 149 132 145 119 51 27.2 36.0 37.1 36.8 24.3 31.2 32.3 67,000,500. 61,064,000. 40,536,000. 14.865,5oo. 4183,466,000. 34.8 30.2 16.0 14.4 65,461,500. 57,000,500. 47,623,000. 18,203,000. 50,501,500. 103.983,500. 27,962,500. 11,974,500. 19.5 25.0 22.4 23.2 39.1 42.9 24.0 46.8 26.5 26.6 TAX ISSUES T-2 T-3 T-4 \ T-5 T-6 T-7 T-8 T-? Jan. 16,1919 Mar. 15,1919 June 3,1919 June 3,1919 July 1,1919 July 1.1919 July 15,1919 Sept.11,1919 41 85 4,- 54 44 62 41 97 41 103 110 4:17 97 qi- 217 121 191 4 4 T-10 Sept.15,1919 4 TM-3 TJ Dec. 1,1919 Dee. 15,191q TOIALC, 4* GRANr TOTALS FOR YEAR I/ 1 Page 7 97 48.0 44.6 27 31 58.7 39 30 45.0 62.0 32 66 68.1 39 57 10.2 4.1 7.4 4.1 8.3 4.4 15.627000. 5.5 4109,254,500. 5.5 $326,61o,000. 7.2 6o 53 48 35 50 55 41 44 76 53 81 FORWARD 109,104,500, 13,551,0004 8o,1224000. 0.0 085,687,5oo. 28.5 29.5 1.360,762,5oo. 30.2 DISTRIBUTION BY ISSUES 0F CERTIFICATES 0F INDEBTEDNESS SOLD DMINT1919 SECOND FEDERAL RESERVE DISTRICT (Continued) SAVINGSH Issue Dated Rate Number BANKS; Amount INDIVIDUALS-INCLUDING FOREIGN AND PRIVATE BANKERS a Of Sale Number Amount Of Sale TOTALS Number Amount 860 885 891 881 844 816 845 758 100,977,500. 203,609,500. 265,844,500. 217,497,500. 174,501,500. BOND ISSUES Series 1919 Jan. 2,1919 5-c 5-D 5-E 5-F 5-G 5-H 5-J 5-K Jan4.16,1919 44 Jan.30,1919 42 Feb.13,1919 Feb.27,1919 Mar.13,1919 4. Apr.10,1919 44 May 1,1919 4 44 65 50 43 29 38 32 14 TOTALS) Series 1920 A.1921 B-1920 C-1920 D-1920 Aug. 1,1919 4 Aug.15,1919 41 Dec. 1,1919 41- Sept.2,1919 4 13 15 9 1 TOTALS' 3,873,000 5,680, coo 4,170,000 4,075,000 2.935,000 4,495,000 4,560,000 1.125,000 W1,913,000 1.3 2.8 1.6 1.9 1.7 2.5 1.7 ----1 1.7 18 22 25 15 14 11 16 14 66o,000 975,000 965,000 5,000 $2,605,000 .3 .5 .4 47 49 .4 .01 3,128,000. 1,324,000. 1,163,500. 1.0 175,060. 225,500. 333,000. 571,500. 3,239,500. $10,160,000. .1 .1 .2 .7 .2 1.5 .6 $1,833,198,000. 14 199,500. .1 651 12 11 5,226,000. 103,945,500. 49,000. $109,420,000. 2.6 700 566 239 4 .4 41.1 .1 15.9 183,111,5000 275,355,000. 212.301.000. 192,326,000, 201,904,500. 252,679,000. _4lJ65_L221!.. $690,074,500. TAX ISSUESY Jan.16,1919 4+ T-2 Mar.I5,1919 4 T;-3 9 1.2 21 4f 4 .3 July 1,1919 44 250,000 13 6 1.3 15 4 4 1,635,000 1,350,000 445,000 .6 36 19 11 31 12 34 June 3,1919 T-7 T-8 T-9 T-10 July 1,1919 4 Tm-3 July15,1919 3ept15,1919 4. Sept15,1919 44 Dec. 1,1919 44 TJ Dec.I5,1919 41 1 9 0 13 6 9 TOTALS. (iPt'.77) TOTAL.. FOR YEAR 1 9 1 9 Page 8 o 100,000 2,465,000 June 3,1919 41 T-4 T.5 T-6 0 1,491,000 175,000 876,00o $8,787,000 42,305.000. .4 .o 14 .2 .03 .4 .9 2,087,000. 15,793,000. 12,963,000. 15,761,500. 1,953,000. 19,158,000. 11,029,000. 1,051,000. 11,882,500. 11,191,500. 41,687.000. $144,556,500. .J264.116,500. 1.3 6.9 6.1 20.1 1.5 7.9 9.5 4.1 2.9 12.4 14.8 7.3 5.9 228 175 213 141 201 237 209 184 403 231 372 165,622,000. 227,964,000. 212,337,000. 78,557,500. 129,254,000. 242,504,000, 116,450,500, 25,582,500. 412,319,000. 90,416,000. 281,882,500. $1,982,883,000. A..506,155,5oo. DISTRIBUTION BY ISSUES OF CERTIFICATES OF INDEBTEDNESS SOLD DURING 1920 SECOND FEDERAL RESERVE DISTRICT STATE NATIONAL BANKS; Issue BOND ISSUES Series 1520 E-1920 F-1520 T-1920 H-1920 Dated April 1,1920 April 15,1920 April 15,1920 May 17,1920 TOTAL SERIES 1920 Series 19-21A=1921 3-1921 0-1921 D-1921 Rate Number 41 5 51 5+ 112 65 136 129 Amount Of Sale 44,880,500 21,707,500 23,528,500 21,322,LO_ 111,837,000 42.9 65.7 25.4 57.3 41.6 38 5,560,000 23 42 41 818,500 7,502,000 4,E.3,.5.20 18,304,000 26 Number TRUST BANKS Amount Of ale Number 5.3 2.5 8.0 53 1.16,4 57 36 65 COMPANIES Amount Of Sale 27,519,500 10,355,500 51,819,500 10 006 000 99,700,500 37.1 40,013,000 22,357,50o 14,312,000 49.2 40.1 24.8 26.3 31.3 55.1 26.9 . July 15,1920 5i 5t 27 87 37,370,000 16,1920 15,1920 6 5i. 307 189 34,416,500 45.057,500 145,675,500 45.9 51.7 59.6 54.o 52,3 257,512,5oo June Aug. Nov. 15,1920 TOTAL SERIES 1921 TOTAL:. LOAN ISSUES 28,83:1,500 2,436,500 3,871.500 5,887,000 8.595 000 20,790,0o0 3.0 6,9 10.2 47.0 39,094,000 7.1 42.9 5.5 5.9 9.8 7,o .9 6.8 8.1 3.7 8.9 33 80 57 10.1 7.5 48 45 105 85 28 o663oo 104,749,000 37.6 2O4 449,50O 37.3 85,425,500 34,841,000 16,172,000 33,808,500 5,923,500 19,046,000 64,253,000 13,537,500 29,740,000 42.152.000 26.4 32.3 27.0 36.1 17.1 31.6 35.4 33.4 31.8 24,4 TAX ISSUES TD-1920 TM4-1920 TM-1921 TJ-1921 TM2-1921 TU3-1921 TS-1921 Jan. 2,1920 2,1920 Feb. Mar, 15,1920 Jane 15,1920 July 15,1920 Sept. 15,2920 Sept. 15,1920 TM4-1921 Oct. TJ2-1921 Dec. Dec. TD-1921 15,1920 15,1920 15,1920 TOTAL TAX SERIES TOTAL LOAN AND TAX ISSUES A3 ../ 5t 201 127 132 265 108 5.?: 57 5t 5- 289 171 84 4--- -- 42- 6 /0 6 300 18,141,500 46,557,500 25.813,000 16,2o7,000 92,737,000 20,146,000 35,042,500 91,651,500 37.4 52.9 17,700,000 10,003.500 38 3,527,500 82 9,220,500 31 2,420.500 16 543,500 77 12,244,500 45 3,291,000 22 3,436,000 87 15,351,5oo $526,263,500 45.0 07,738,50o 6.6 4345,099,000 29.5 4783,776,000 45.7 i116,832,500 6.8 4549,548,5oo 32.0 139, 099,000 40,868,500 37.9 30.2 49,7 74.6 26.9 51.1 49.7 6o 33 9,3 87 63 63 loi 49 36 102 82 49 100 FORWARD 0 DISTRIBUTION BY ISSUES OF CERTIFICATES OF INDEBTEDNESS SOLD DURING 1 2 SECOND FEDERAL RESERVE DISTRICT (Continued) SAVINGS' Dated Issue BOND ISSUES Series 1920 April April E..1920 F-1920 Rate Number 6 15,1920 5 1 4 7 256(5):30(,,g: 5 105,50o. 41 662,000. .2 100,000. 87,000. .1 April 15,1920 May 17,1920 TOTAL SERIES 1920 Series 1921 B-1521 0-1921 D-1921 June July Aug. Of Sale 4t H-1920 . Amount 1,1920 G-1920 A-1921 INDIVIDUALS-INCLUDING FOREIGN AND PRIVATE BANKERS. BANKS 15,1920 15,1920 16,1920 Nov. 15,1920 TOTAL SERIES 1321 51 5i 6 5* 1 3 18 12 TOTAL LOAN ISSUES Number Amount of sale TOTALS Number Amount 426,481,000. 108,000. 10,612,000. 25.3 242 .3 137 4104,682,000. 13,039,500. 1143 1,181.500. 38,584,500. 1.7 304 270 14.3 94,127,500. 17.239.000, .2 19 22 1,451,000. 661,000. 1.8 1.2 1,512,000. 2.6 146 1,577,000. 567,500. 2.7 .7 241,000. .2 1 1.229.000. lti 33 12 54 38 47 0,928,000. 1.1 4,4,256,500. 1.5 43,59o,o00. .7 442,841,000, 7.8 2,205,500. .7 49 20 35 115 79,759,000. 21,959,50o. 22,001,000. 3,031,000. 24.6 .1 47,269,088,000. 81,370,500. 55,808,500. 190 656 57,704,500. 81.515.50o. 390 v278,399,000. v547,487,000. 191 TAX ISSUES TD-1920 Jan. 2,1920 TM4-].920 Feb. 2,1920 114-1921 Mar. June July kJ-1921 TM2-1921 Tm3-1921 T6-1921 Tm4-1_921 T J2-1921 TD-1921 A ,y 4- 15,19204i 3 4 .2 1,012,000. 1.1 20.4 36.7 407 246 324,189,000. 107,712,500. 272 59,982,000. 40 12 18o,000. 24,387,000, 15 .7 .8 .6 133 11,011,000. lal 616 181,170,500. 5- 6 266,0oo. 40.5 6.1 93,629,500. 34,583,000. 60,211,500. .7 82 3,326,000. 8.2 386 51 1 10,0004 1,214,500. ,0 .7 13 54 27.1 169 46,329,000. .5 25,387,500. 22,721,500. ,)213,763,500. 9,919,000. .6 $256,604,500. 14,9 6- 15 5-i- 4 Sept. 151920 51 Sept. 15,1920 Oct. 15,1920 Dec. 15,1920 Dec. 15,1920 6 6 TOTAL LOAN AND TAX ISSUES 60,000. 140,000. 246,000. 50,000. 1,125,000. 15,1920 15,1920 TOTAL TAX ISSUES Page 10 lo 1 14 3.2 .5 13.3. 18.3 578 212 555 40,566,500. 93,616,000. 173,291,000. 41,169,193,50o. 1,716,680,500. 0 DISTRIBUTION BY ISSUES OF CERTIFICATES OF INDEBTEDNESS SOLD DURING lin SECOND FEDERAL RESERVE DISTRICT (Continued) SAVINGS; Dated Issue BOND ISSUES Series 1920 E.1920 F-1920 G-1920 H-1920 Rate Number 1,1920 April April 15,1920 April 15,1920 44 6 5 1 may 51 7 51- 5 17,1920 TOTAL SERIES 1920 Series 1921 A-1921 June 15,1920 July 15,1920 B-1921 Aug. 16,1920 0-1921 D-1921 Nov. 15,1920 TOTAL SERIES 1921 . 54 5f 6 54 1 3 18 12 INDIVIDUALS-INCLUDING FOREIGN AND PRIVATE BANKERS. BANKS Amount Of Sale 241,000. 50,000. 265,500. 1o5.5oo. .3 ,3_ 662,000. .2 .2 .2 .1 100,000. .2 87,000. 1,512,000. 2.6 1,229,000. v2,928,000. 1.1 Number Of Sale Number Amount 25.3 242 .3 137 54 026,481,000. 108,000, 10,612,000. 304 38 1,181.500. 11.3 1.7 14.3 270 1,451,000. 661,000. 1,577,000. 567,500. 4,256,500. 1.8 1.2 2.7 191 190 656 390 1.5 478,399,00o. 442,841,000. 7.8 v547,487,000. 79,759,000. 24.6 20.4 407 246 324,189,000. 107,712,500. 36.7 272 59,982,000. 33 12 438,584,500. 19 22 146 47 03,59o,000. .7 lo 2,205,500. 3 60, 000. .7 .1 .2 49 20 35 1,012,000. 1.1 115 246,000. 50,000. 1,125,000, 266,000. 10,00o. 1,214,500. .7 40 12 133 82 ,o 13 .7 54 TOTAL LOAN ISSUES Amount TOTALS .7 4104,682,000. 33,039.500. 94,127,500. 17.239.000,. ;1269,o88t000. 81,370,500. 55,808,500. 57,704,500. 81.515.5oo. TAX ISSUES TD-1920 TM4-1920 Jan. Feb. 14.-1921 Mar. 1J-1921 TM2-1921 TM3-1921 T6-1921 TM4-1921 TJ2-1921 TD-1921 June 2,1920 40- 2,1920 15,1920 1 47 15,1920 July 15,1920 Sept. 15,1920 Sept. 15,1920 Oct. 15,1920 Dec. 15,1920 Dec. 15,I920 47i 6' 54 54 4 1 6 15 54 54 6 6 TOTAL TAX ISSUES TOTAL LOAN AND TAX ISSUES Page 10 4 15 14 140,000. .7 .8 .6 21,959,500. 22,001,000. 3,031,000. 180,000. 24,387,000. 11,011,0000 3,326,000. 25,387,500. 22,721,500. 40.5 6.1 8.2 27.1 13.1 3.2 .5 578 212 22E 616 93,629,500. 34,583,000, 60,211,5oo. -386 181,170,500. 40,566,500. 169 555 173,291,000. 93,616,000. .41/406,329,000. .5 ,)213,763,5o0. 18.3 1,169,193,500. .;9,919,000. .6 $256,604,500. 14.9 31,716,68o,5oo. ALLOTMENTS OF BONDISSUtS DISTRIBUTION OF CERTIFICATES -OF INDEBTE1YNE53'(= First Liberty Loan LOAN, 868,205,000, Second Liberty Loan 2,320,493,000. Third Liberty Loan 3,012,085,500. Fburth Liberty Loan 4,659,820,000. Victory Liberty Loan 6,157,54'2,500. Tbtal $17,018,153,000. SECOND FEDERAL RESERVE DISTRICT. New York City Brooklyn Ntw York State 11.92._22.E.9.2Y Connecticut 4 Total 4 460,462,000. 11,053,000. $ 10,681,000. 21,774,000. 28,512,000. 16,040,000. 604,000. 1,467,543,000. 1,077,868,000. 37,253,500. 84,675,000. 51,331,00o. 4,18°,5o0, 1,255,308,000. Fburth Liberty Loan 1,339,869,500. 46,320,000. 185,390,500. 100,142,000. 9,267,000, 1,680,989,000. Victory Liberty Loan 1,735,862,000. 70,790,000. 291,117.000. 119,696,500. 15,459,500. 2,25,145 000. '45,986, 416,500. * 182,086,500. 602,967,500. $317,890,500. 4 30,086,000. 47,119,447,000. 432,204,000. 5,949,000, Second Liberty Loan 1,400,613,000, Third Liberty Loan First Liberty Loan Totals $ $ 575,000. ,...... Percentage of Second Federal Reserve District to the entire country Page U. . ...41.8 per cent. U. S. TREASURY CERTIFICATES OF INDEBTEDNESS BOND ISSUES TOTAL DATE RATE SERIES OF ISSUE OF 7. April 25,1917 A. B. C. 3 may 3 May June D. FIRST LOAN TOTAL E. 0. H. I. J. N. Sept. 26,1917 Dec. 15,1917 Oct. Oct. 18,1917 24,1917 Nov. 22,1917 Dec. 15,1917 4 4 Jan. 22,1918 Apr. 12,1918 Feb. 8.,1918 St Feb. 4T Mar. T. 43. 40. 4D. 4E. 4F. 4G. FolIPTH LOAN TOTAL Page 12 June 30,1917 July 17,1917 July 30,1917 July 30,1917 4 4 4 Q. THIRD LOAN TOTAL 4A. MATURITY 9,1917 Nov. 15,1917 28,1917 Nov. 30,1917 3- Sept. 17,1917 Dec. 15,1917 P. 6. OF 3-k Aug. 3-k Aug. SECOND LOAN TOTAL M. 10,1917 25,1917 8,1917 DATE 41 Apr. 41 Apr. May May 9,1918 28,1918 27,1918 20,1918 June 18,1918 30,1918 July 9,1918 22,1918 July 18,1918 41 June 25,1918 Oct. 24,1918 41 July 9,1918 4-T July 23,1918 41 Aug. 6,1918 41 Sept. 3,1.918 7,1918 Nov. 21,1918 Dec. 5,1918 Jan. 2,1919 Nov. 41 Sept. 17,1918 Jan. 16,1919 41 Oct. 1,1918 Jan. 30,1919 TOTAL SUBSCRIPTIONS ENTIRE COUNTRY SUBSCRIPTIONS SECOND DISTRICT 268,205,000, 200,000,000. 200,000,000. 136,150,000. 98,512,000. 175,231,000. 116non,nnn. 525., 891000. 211,054,000. 188,837,000. 204,347,000. 2n(\nnnrana. 868.205,000. 300,000,000. 250,000,000. 300,000,000. 400,000,000. 385,197,000. 685.296,000. 2,120,4934000. 400,000,000. 500,000,000. 500,000,000. 543,032,500. 551,226,500. 517,826.500. 3)012,085 500. 839,646,000. 753,938,000. 584,750.500. 575,106,500. 639,493,500. 625,216,500. 641,069.000. 4,659,820.000. 212,1011,000. 179,475,000. 543.681.000. 1,519.496,000. 230,017,000. 241,322,000. 197,715,000. 193,700,500. 215,448,000. 222,486,000. 1,300,680,00. 312,844,500. 273,219,500. 211,714,000. 207,287,000. 210,068,500. 216,264,500. 242,591.000. 1.680.989.000. PERCENTAGE OF SUBSCRIPTIONS OF SFOND DISTRICT TO ENTIRE COUNTRY .5076 .4925 .8/61 588o .7035 .7553 .6811 .5302 .4659 .7933 TOTAL SALES. ASSOCIATED BANKS R3'i7.Y0RK 'CITY 87,735,000. 77,983,000. 91,543,000. R1 722,nop 118:983,00o. 149,151,000. 115,067,000. 175,193,000. 186,608,000. 149,533,000. 510,403,000. 1105,955,000. .3954 192,398,000. 218,959,000. 123,820,000. 158,217,500. 175,281,000. .3725 .3624 .3620 .3600 .3285 .3459 1,067,161.000. 239,419,500. 218,115,500. 165,236,500. 162,027,500. 156,484,000, 165,184,500. 197,508,500. .5750 .4826 .3567 .3908 .4296 .3893 198,487 5PQ., 13.1114.2.7.1..000:. U. S. TREASURY CERTIFICATES OF INDEBTEDNESS BOND ISSUES; (CONTINUED) PERCENTAGE OF TOTAL SALES, SUBSCRIPTIONS OF SECOND DISTRICT ASSOCIATED BANKS NEW YORK CITY TO ,ENTIRE COUNTRY TOTAL SUBSCRIPTIONS ENTIRE'COUNTRY TOTAL SUBSCRIPTIONS SECOND DISTRICT SECOND LOAN TOTAL 86.8,205,000. 2,3204493,00o. 525,893,000. 1,539,496,000. 1,105,955,000, THIRD LOAN TOTAL 1,012,085,500. 1,300,688,500. 1,067,163,000. FOURTH LOAN TOTAL 4,659,820,000. 1,680,989,000. 1,303,976,000., May .6,1919 may 20,1919 613,438,000. 572,494,000. June 3,1919 June17,1919 July 1,1919 July15,1919 July29,1919 751,684,500. 600,101,500. 687,381,500. 620,578,500. 532,341,500. 542,197,000. 646,025,000. 5°1 108 000. 222,830,00o. 199,117,000. 300,977,500. SERIES RATE OF DATE OF ISSUE DATE OF MATURITY FIRST LOAN TOTAL 5A, 5B, Sc. 2 5D. 5E. 5F. 50. Dec. 5,1918 Dee.19,1918 Jan. 2,1919 Jan. 41- 16,1919 Jan,30,1919 Feb.13,1919 4i 5H. 5J. 414.4 5K. 4. Feb.27,1919 Mar.13,1919 Apr.10,1919 May 1,1919 Aug.12,1919 Sept.9,1919 Oct. 7,1919 6 FIFTY LOAN TOTAL 203,609,500. 265,844,500. 217,497,500. 174,501,500. 183,111,500. 275,355,000. 212,301.000. 00. * TOTAL ALL LOANS x . ,3632 .3478 .4004 .3392 .3867 .1504 .3277 .3377 .4262 .3590 172,478,000. 157,263,000. 235,738,0m. 147,441,500. 206,413,500. 161,006,5u), 123,614,500. 127,780, u. 218,712,000. 151,196,500. 2,255,145,000. Is7atI43L5-91. 57,102,211,500. Z,719,920500. Subscriptions for the first three loans were more than the allotments, which accounts for the difference on Page 11. Page 13 338,983,000. TAX CERTIFICATES OF INDEBTEDNESS PERCENTAGE 0, E TAX RATE DATE SERIES OF % OF ISSUE MATURITY K Nov. 30,1917 June 25,1918 L Jan. 2,1918 15,1918 15,1918 15,1918 15,1918 20,1918 7,1918 16,1919 15,1919 3,1919 3,1919 1,1919 1,1919 June 25,1918 June 25,1918 June 25,1918 June 25,1918 June 25,1918 July 15,1919 Mar, 15,1919 June 17,1919 June 16,1919 Sept.15,1919 Dec. 15,1919 Sept.15,1919 Dec. 15.1919 Mar. 15,1920 Mar. 15,1920 3ept.15,1920 V 4 4 4 4 TA 4 Feb. Mar. Apr. May Aug. TB T2 4i Nov. 4i. T3 41- Jan. Mar. T4 T5 T6 T7 44- T8 T9 T10 sk July 15,1919 43- TM3 44. Sept.15,1919 Gept.15,1919 Dec. 1,1919 Dec. 15,1919 2,1920 Jan. 2,1920 Feb. 0 R U TJ-1920 TD-192Q TM4-1920 TM -1921 4 44- i , / 4T 41 4' 4t TJ -1921 6 TM2-1921 51 54 TM3-1921 TS4.1921 TM4-1921 TJ2-1921 TD-1921 Page 14 DATE OF 6 51 5f 6 June June July July Mar. 15,1920 June 15,1920 July 15,1920 3ept.15,1920 Sept.15,1920 Oct. 15,1920 Dec. 15,1920 Dec, 15,1920 Mar. 15,1920 June 15,1920 Dec. 15,1920 Mar. 15,1920 Mar. 15,1921 June 15,1921 Mar. 15,1921 Mar. 15,1921 Sept.151921 Mar, 15,1921 June 15,1921 Dec. 15,1921 TOTAL TOTAL SUBSCRIPTIONS ENTIRE COUNTRY SUBSCRIPTIONS SECOND DISTRICT 4 691,872,000. 491,822,500. 74,100,000. 110,962,000. 71,880,0000 183,767,000. 157,552,500. 794,172,500. 392,381,000. 407,918,500, 526,138.000. 238,711,500. 326,468,000. 511,444,om 323,074,500. 101,131,500. 657,469,000. 260,322,000. 728,130,000. 703,026,000. 304,877,000. 201,370,500. 242,517,000. 74,278,000. /06,601,500. 341,994,500. 124,252,500. 188,123,000. 401,557,500. $ ENTIRE COUNTRY 494,070,500. 239,954,000. 14,007,500. 10,252,500. 12,000,500. 61,188,000. 44,766,000. 3156C5):86:72:5000T: 227,964,000. .1890 :(176241 24083415 "4220 .5588 . 212,337,000. 78,557,500. 63 .3429594019 129,254,000. 242,504,000. 116450500, 116,450,500, 25,582,500. 412,319,000. 90,410,000. m 281,882,5. 324,189,000. 107,732,500. 59,982,000, 93,629,500. 34,583,000, 60,233,500. .3604 .2529 .6271 E .3533 .2978 ,3 04M .5650 181,370,500. 40,566,500, 273,(2%,(0)2, OF SUBSCRIPTIONS OF SECOND DISTRICT TO lig CERTIFICATES OF INDEBTEDNESS. SERIES - 1 1 2 0 & 1 9 2 1 PERCENTAGE OF RATE SERIES A-1920 B-1920 0-1920 D-1920 44 44 4-1 4 F-1920 G-1920 51 A-19210 5t5-t C-1921 D-1921 6 51 DATE OF OF /PE MATURITY 1,1919 Aug, 15,1919 Jan. 2,1920 Jan. 15,1920 Aug. Sept. 2,1919 Feb. 2,1!120 1,1919 1,1920 Feb. 16,1920 July 1,1920 July 154920 Oct. 15,1920 17,1920 June 15,1920 July 15,1920 Aug. 16,1920 Nov. 15,1920 Nov. 15,1920 Jan. 3,1921 Jan. 15,1921 Aug. 16,1921 May 16,1921 Dec. Apr. Apr. 15,1920 Apr. 154920 May A-1921' B-1921 DATE $ TOTAL TOTAL SUBSCRIPTIONS ENTIRE COUNTRY SUBSCRIPTIONS SECOND DISTRICT 533,801,500. 532,152,000. 573,841,500. 162,178,500. 200,669,500. 83,903,000. 170,633,500. 102,863,000. 176,604,000. 126,783,50o. 157,654,500, 232,124,000. $ 192,326,000. 201,904,500. 252,679,000. 43,165,000. 104,682,000. 33,039,50o. 94,127,500. 37,239,00o. 81,370,500. 55,808,500. 57,704,500. 83,515,500 SUBSCRIPTIONS OF SECOND DISTRICT TO ENTIRE COUNTRY .3602 .1794 .4403 .2662 .5216 .3937 .5516 .3620 ,4607 .4401 .3660 .3597 SUBSCRIPTIONS AND PAYMENTS TO CERTIFICATES OF INDEBTEDNESS ISSUED DURING THE YEARS OF 1919 AND 1920 No. of days C/I 5-c 5-D 5-E 5-F 5-G 5-H 5-J 5-X T-C or Date of Issue 1/ 2/19 1/16/19 1/30/19 2/13/19 2/27/19 3/13/19 4/10/19 5/ 1/19 1/16/19 3/15/19 Maturity 6/. 3/19 6/17/19 7/ 1/19 7/15/19 7/29/19 8/12/19 9/ 9/19 10/7 /19 6/17/19 6/16/19 T-4 6/ 3/19 9/15/19 T...5 6/ 3/19 12/15/19 T.-6 7/ 1/19 9/15/19 T-7 7/ 1/19 12/15/19 T-8 7/15/19 3/15/20 T-9 9/15/19 3/15/20 T-10 9/15/19 9/15/20 TM-3 12/ 1/19 3/15/20 TJ-1920 12/15/19 6/15/20 TD-1920' 1/ 2/20 12/15/20 TM4-1920 2/ 2/20 3/15/20 TM-1921 3/15/20 3/15/21 TJ-1921 6/15/20 6/15/21 TM2-1921 7/15/20 3/15/21 Th13-1921 9/15/20 3/15/21 T3-1921 9/15/20 9/15/21 T144-1921 10/15/20 3/15/21 T72-1921 12/15/20 6/15/21 TD-1921 12/15/20 12/15/21 T-2 T-1 Page 16 Rate 4 4 44 44 412 sl 44 441 4 4 lt 2 4 444 4 4+ 41.4 i 4T 4 41 4-4- 6 5-g- 5i 6 5t 6 Total Sale Entire Country Sale in Second District Paid for by credit 4751,684,00o. 600,101,000. 687,381,a00. 620,578,000. 532,341, 000. 542,197,000. 646,025,000. 591,108,000. $300,977,000. 203,609,000. 265,844,000. 217,497,000. 174,501,000. 1832111,000. 275,355,000. 212,301,000. $291,503,000. 193,809,000. 255,993,000. 210,759,000. 169,456,000. 152,836,000. 264,216,000. 196,104,000, 392,381,000. 407,918,00o. 526,138,000. 238,711,000. 326,468,000. 511,444,000. 323,074,000. 101431,000. 657,469,000. 260,322,000. 728,130,000. 703,026,000. 304,877,000. 201,370,500. 242,517,000. 74,278,000. 106,601,500. 341,994,500. 124,252,500. 188,123,000. 401,557,500. 165,622,000. 227,964,000. 212,337,000. 78,557,000. 129,254,000. 242,504,000. 116,450,000. 25,582,000. 412,319,000. 90,410,000. 281,882,500. 324,189,000. 107,732,500. 59,982,000. 93,629,500. 34,583,000. 60,231,500181,370,500. 40,566,500 93,616,000. 173,291,000. 88,110,000. 55,083,000. 99,780,000. 56,612,000. 71,890,000. 153,094,000. 97,802,000. 22,839,000. 385,350,000. 75,440,000. 180,687,000. 230,486,511. 86,354,027. 33,001,091. 80,678,600. 33,194,771. 36,027,500. 164,305,500. 36,670,000. 67,277,000. 145,565,500. before final withdrawal of deposits 26 30 33 39 48 55 44 40 54 54 45 43 16 30 31 85 85 32 31 42 50 22 30 47 43 43 32 34 34 If paid for by book credit and held to maturity Yield 4.75 4.81 4.90 5.01 5.22 5.16 5.03 4.88 4.90 6.15 5.66 4.97 5.06 4.82 4,82 5.18 4.92 5.16 4.95 5.00 7.83 4.87 6.21 6.45 6.52 6.37 6.45 6.21 6.23 SUBSCRIPTIONS AND PAYMENTS TO CERTIFICATE3OF INDEBTEDNESS (Continued) If paid for No, of days Date of C/I A.1920 3-1920 C-1920 D-1920 E-1920 F-1920 0-1920 B-1920 A-1921 B=1921 0-1921 D-1921 Issue 8/ 1/19 8/15/19 9/ 2/19 12/ 1/19 4/ 1/20 4/15/20 4/15/20 5/17/20 6/15/20 7/15/20 8/16/20 11/15/20 Page 17 Maturity Rate I/ 2/20 4 4 1/15/20 2/ 2/20 2/16/20 7/ 1/20 7/15/20 10/15/20 11/15/20 1/ 3/21 05/21 8/16/21 5/16/21 41- '2 4I 4 4-1- 5 5i 51 52- 46 5i Total Sale Entire Country $533,801,000. 582,152,000. $73,84a,000. 162,178,50o. 200,669,500. 83,903,000. 170,633,500. 102,863,000. 176,604,000. 126,783,500. 157,654,500. 232,124,000. Sale in Second District $192,326,000. 201,904,000. 252,679,000. 43,165,000. 104,682,000. 33,039,500. 94,127,500. 37,239,000. 81,370,500. 55,808,50o, 57,704,500. 83,515,500. Paid for by credit $166,888,000. 193,100,000. 132,968,000. 42,207,000. 76,973,648. 12,271,277. 82,053,756. 34,291,000. 61,003,247/ 55,036,144. 52,178,50o. 80,647,500. before final withdrawal of deposits 41 36 36 32 21 47 47 32 30 47 43 31 by book credil and held to maturity Yield 4,98 5.08 4.87 5.68 5.33 6.47 5.88 6.16 6.13 6.25 6.29 6.06 THF FIVE Lima7 LOANS AMOUNT ULM, FOR ERR, , DUNTRY 4.. SECOND FEDERAL RESERVE DISTRICT sEqpno r. 7. gSZRICT ELTI1F COUNTRY First t 1,939,455,550. $ 593,987,000. Sncond 3007,865,000. 1,152 252,100. Third 4,175 650,050. 1,115,243,550. Fourth 5,964,581,100. 24044,901,750. Fifth ....48.1250194402A- 14.140(1$1.150. Tqta1e $21,432,955,300. #6,234,425,650. ..e2=IM°22rWIMII=. r..1111111111NIMMO11111111111111:31armare JI:IJ276.2LIZeic First Loan June Second Loan November 15, 1917 Third Loan May lb 15, 1917 9 1918 luaumluz,ILDL UM June 15, 1947 3V November 15, 1942 4% September 15, 1928 4i1. F urth Loan October 24, 1918 October 15, 1938 4% Fifth Loan May 10, 1919 May 20, 1922 at% a 4i% Page 18 Federal Reserve District #2 .Entire country. First Loan 4,500,000 Approximate 985,150 Second Loan 9,400,000 Approximate ?,182,017 Number 18,306,325 3,043,123 Fourth Loan 22,777,680 1,604,101 Filth Loan 11,603.895 2,484,532 Third Loan of Subscribers Number of Cities In Which Custodians Were Located Number of Banks Rualified First Loan 306 49 Second Loan 533 50 Third Loan 801 37 Fourth Loan 867 36 Fifth Loan 889 35 First Bank to Make I42.plication for Bonds First Loan Mutual Bank of New York City Second Loan State Bank of New York City Third Loan Carlstadt Fourth Loan First National Bank of Brooklyn, N. Y. Fiftil Loan New York State National Bank of Albany, N. Y. Page 19 National Bank of Carlstadt, N. J. GOVERNMENT FUNDS DEPOSITU- WITHDRAWALS - BALANCES Weekly close of business Friday. FROM JUNE ./2., 1917 - TO DECEMBER 31, 1917 Withdrawn -o- 4300,00o,00o. 258,000,000. 212,000,000, 227,000,000. 216,000,000, 215,000,000. 270,000,000. 272,000,000. 161,000,000, 178,000,000. 1 78,000,000. 178,000,000. 319,000,000. 272,000,000. 258,000,000, 192,000,000. 255,000,000. 509,000,000. 695,000,000. 658,000,000. 1,251,000,000. 995,000,000. 1,306,000,000. 1,058,000,000. 8o6,000,000. 460,000,000. 350,000,000. Mount June 29 ;,30o,op0,000. July 6 6,000,000, 7,000,000. 36,000,000. 2,000,000. 48,000,000. 52,000,000. 21,000,000. 11,000,000. 116,000,000. 2,000,000. 61,000,000. 13 20 27 August 3 10 17 24 6ept. 31 11 21 October November 28 5 12 19 26 2 9 16 23 30 December 7 14 21 26 Page 2J Depodlted Balance On Deposit Amount Date Week Ending. -o- -0- 122,000,000. 25,000,000. -0196,000,000. 107,000,000. 87,000,000. -0- 158,000,000. 150,000,000. 294,000,000. -o691,000,000. 341,000,000. 536,000,000. 104,000,000. 59,000,000. 221,000,000, -0- -o. -o. 110,000,000. 105,000,000. 25,000,000. -055,000,000, 153,000,000. 101,000,000. 66,000,000. 950000,000. 96,000,000. 108,000,000. 37,o00,0oo. 98,000,000. 597,000,000. 226,000,000, 352,000,000. 310,000,000. 567,000,000. 110,000,000. GOVERNMENT FUNDS Deposits - Withdrawals - Balances Weekly Close of Basiness Friday Fi.om January 1, Date Week EndinA Amount Deposited 4 0 69,0o0t000. 11 18 25 January February 1 8 15 22 March 1 8 15 22 29 April 5 12 19 26 day 3 10 17 24 31 Page 23. 1918 - to December 11, 1918 Amount Withdrawn Balance On Deposit 4266,000,00o. 156,000,000. 159,000,000. 4127,000,000. 110,000,000. 81,000,000. 38,000,000. 177,000,000, 43,000,000. 10b,000,000. 105,000,000. 89,000,000. 46,000,000. 49,000,000. 10,000,000. 372,000,000. 369,000,000. 426,000,000. 521,000,000. 116,000,000. 41,000,000. 1,000,000. 187,000,000. 70,000,000. 110,000,000. 48,000,000. 216,000,000. 70,000,000. 125,000,000. 527,000,000. 520,000,000. 305,000,000. 422,000,000. 367,000,000. 3,000,000. 251,000,000. 4,000,000. 278,000,000. 88,000,000. 80,000,000. 88,000,000. 219,000,000. 282,000,000. 453,000,000. 36,,000,000. 428,000,000. 32,000,000. 168,000,000. 316,000,000. 11,000,000. 96,000,000. 95,000,000. 79,000,000. 45,000,000. 196,000,000. 178,000,000. 165,000,000. 454,000,000. 725,000,00o. 540,000,000. - 0-. 88,000,000. 163,000,000. 284,000,00o. 458,000,000. 0 -2. Date AMount Week Ending, June 7 14 21 28 July 5 12 19 26 August 2 9 16 23 30 September 6 13 20 27 October 4 11 18 25 November 1 8 15 22 29 Deposited Amount Withdrawn Balance On Deposit 4 64,000,000. 91,000,000. 290,000,000. 354,000,000. $147,000,000. 37,000,000. 309,000,000. 143,000,000. $375.000,000. 429,000,00o. 410,000,000. 621,000,000. 144000,000. 254,000,000. 106,000,000. 356,000,000. 166,000,000. 250,000,000, 222,000,000. 171,000,000. 469,000,000. 473,000,000. 357,000,000. 542,000,000. 54,000,000. 238,000,00o. 36,000,000. 43,000,00o. 19,000,000. 85,000,000. 81,000,000. 152,000,000. 188,000,000. 139,000,000. 511,000,000. 668,000,000. 552,000,000. 407,000,000. 287,000,000. 238,000,000. 30,000,000. 209,000,000. 7,000,000. 206,000,000. 104,000,000. 102,000,000. 123,000,000. 319,000,000. 245,000,000. 352,000,000. 236,000,00o. 291,000,000. 31,000,000. 56,000,000. 79,000,000. 102,000,000. 4250000m. 124,000,000. 45,000,000. 338,000,000. 270,000,00o. 304,00000o. 467,000,000. 171,000,00o. 63,000,000. 97,000,00o. 155,000,000. 183,000,000. 231,000,000. 1420000,000. 246,000,000. 170,000,000. 1/8,000,000. 588000,000. 526,000000. 447,000,000. 298,000,000. 283,000,000. 3 Date Amount Week Ealinz Deposited Deceffber 6A 11 TOTAL . Balance Page 23 r 0 6 . 1411Pce On Deposit $167,000,000. 100,000,000. 140,000,000. 132,000,000. 297,000,000. 228,000,000. 284,000,000. 243,000,000. _138 000 000._ 181,000,000. 31,000,000. 196,000,000. 91,000,000. 2 000,poo. _ 10740P0.1_90.04. 46,615,o0o,0oo. 16,821,000,000. 4 13 20 27 Amount Withdrawn U38,000,000 0 GOVERNMENT FUNDS Daposits - Withdrawals!.. Balances Weakly closd of business Friday Ftom January 1, 1919 - to December 3, Date Week Ending January 3 10 17 24 31 Fbbruary 7 14 21 28 March 7 14 21 28 April 4 11 18 25 Mount Withdrawn Balance On Deposit $ 219,000,000. 68,000,000. 295,000,000. .72,000,000. 293,000,000. $ 67,000,000. 67,000,000, 202,000,000. 175,000,000. 153,000,000. t290,000,000. 291,000,000. 384,000,000. 281,000,000. 421,000,000. 54,000,000. 196,000,000, 25,000,000. 174,000,000. 122,000,000. 152,000,000. 99,000,000. 100,000,000, 353,000,000. 397,000,000. 323,000,000. 397,000,000. 4,000,000. 146,000,000. 62,000,000. 91,000,000, 65,000,00o. 76,000,000. 51,000,000. 310,000,000. 391,000,000. 377,000,000. 326,000000. 329,000,000. 11,000,000. 41,000,000, 83,000,000. 101,000,000. 87,000,000. 88,000,000. 243,000000. 471,000000. 395,000,000. 348,000,000. 1,4,000,000. 31,000,000. 31,000,000. 82,000,000. 6,000,000. 81,000,000. 180,000,000. 94,000,000. 73,000,000. 461,000,0o0. 312,000,000. 249,000,000. 258,000,000. 205,000,000. Amount Deposited -0- -0 - *. May 2 9 16 23 30 Page 24 59,000000. 0 2- Date Week Ending June July Amount Deposited ; $ 80,000,000. 13 5,000,00o. 20 27 50,0001000. 88,000,000. 16,000,00n, 44,000,000. ;562,000,000. 479,000,000. 441,000,000. 449,000,000. 186,000,000. 28,000,000. 132,000,000. 9,000,000, 328,000,000. 71,000,000. 207,000,000. 26,000,000. 307,000,000. 264,000,000. 189,000,Q00. 170.000,000 178,000,000. 3,000,000. 216,000,000. 3,000,000. 58,000,00o. 15,000,000. 110,000,000. 77,000,000. 13,000,000. 290,000,000. 277,000,000. 383,000,000. 309,000,000. 276,000,000. 112,000,000. 22,000,000. 408,000,000. 56,000,000. 116,000,000. 169,000,000. 45,000,000. 152,000,000. 258,000,000. 497,000,000. 452,000,000, 39,000,000. 25,000,000. 91,000,000. 30,000,000. 57,000,000. 413,000,000. 407,000,000. 116000,000. 17,000,000. 49,000,000. 43,000,000. 32,000,000. 212,000,000. 175,000,000. 132,000,00n. 100,000,000. -G- 4 18 25 August 8 15 22 29 0- 5 12 19 26 October . 0- 3 lo 17 24 31 ft, November Balanse On Deposit 437,000,000. 6 11 September Abount Withdrawn 7 14 21 28 0- 12,000,000. -0-00--- 286,000,000. 229,000,000. -3Date Week Ending December 5 12 19 26 31 TOTAL Balance 419 Amount Amount aus it ed 4117,000,000. -o- 181,000,000, - - Withdrawn 4 23,000,000. 65,000,000. -o 41,000,000. -9- 44, 471,000,000. Balance On Deposit 4194,000,000. 129, 000,000. 310,000,000. 269,000,000. 260,000,000. 44,348,000,000. 4260000,000. a0VERN1ENT FUND'S Deposits - Withdrawals - Balances Weekly close of business Friday From January 1, ,1920 - to December 11, 1920/ Date Week Ending January 2 9 16 21 30 February March 6 13 20 27 5 12 19 April q 9 16 23 30 May 7 14 21 28 June Page 27 4 11 18 25 Amount Deposited Amount Withdrawn 4 172,000,000. 50,000,000. 130,000,000. 88,000,o00. 50,000,000. 7,000,000. 45,000,000. 86,0040,000. 147,000,000. 29,000,000. 46,000,000. 10,000,000. -0o- 18,00moo. - o- -0-0-o-0- - 31,000,000. 1 000,000. 75,000,000. 2,000,000. 111,000,000. 2,000,000. - - 0 o 0 - - 14,000,000. - 0 - -0-0-0- 141,000,000. - 0 0 0 . - 28,000,000, 13,000,000. 12,000,000. 46,000,000. 30,000,000, 17,000,000 . 0 - 58,000,000. 6,om000, 26,000,000. 14,000,000. - 0 27,000,000. -00 Balance On Dq.osit 351,000,000. 353,000.000. 210,000,000. 185,000,000. 167,000,000. 106,000,000. 77,000,000. 31.000,000. 21,000,000. 21,000,000. 21,000,000. 52,000,000. 25,000,000. 87,000,000. 77.000,000. 142,000,000. 114,000,000.. 97,000,000. 97,000,000. 19,000,000, 67,000,000. 41,000,000. 27,000,000. 27,000,000.. 27;000,000. 141,000,000. 141,000,000. -2- July $ 2 9 16 23 30 August 6 13 20 27 Deposited Withdrawn Balance On Deposit -0- 82,000,000. 6,000,000, -0- $ 84,000,000, 34,000,000. 23,000,000. -017,000,000, 57,000,000, 23,000,000. 82,000,000. 88,000,000, 71,000,000. -0-0' 51,000,000. -0- 26,000,000. 4,000,000. 14,000,000. 13,000,000, 45,000,000. 41,000,000. 78,000,000. 65,000,000, 34,000,000. 16,000,000. 12,000,000, 31,000,000. 15,000,000. 215,000,000. 203,000,000. 23,000,000. 17,000,000. 70,000,000. 51,000,000. 45,000,000, 180,000,000, 163,000,000. 93,000,0m. 78,000,000. 33,000,000. 15,000,000. 9,000,000. 9,000,00o. 40,000,000, 18,000,000. 9,000,000. 80,000,000. 40,000,000. 32,000,000. 8,000,000. 8,000,000. 212,000,000. Amount Date Week Ending* -0- September 3 10 17 24 October 1 8 22 200,000,000. -0- -036,000,0004 29 November 5 12 19 26 December 3 10 17 24 31 Page 28 _o_ -0 - 80,000,000. .0- -0-0212,000,000. -0-0- Amount -0- 8,000,000. 12,000,000. 41,000,000. 1-80,000,000. 137,000,000. a GOVERNMENT FUNDS ON DEPOSIT WITH DEPOSITARIES IN THE SECOND DISTRICT Close of Business Friday of Each Week From January 2. 1919 to December 26, 1919 Victory Certificates of Loan Funds Indebtedness Funds (Inclusive) Special Deposits Total 1919 January February 10 15000. -0- 17 24 31 25,053,000. 1,133,000. 14,314,000. 7 224,000. 3 14 21 28 March 7 14 21 28 April 4 11 18 25 4 -0-0- $ 290,585,000. 291,467,000. 359,429,000. 279.925,000. 407,049,000. $290,600,000. 291,467,000. 384,482,000. 353,,t43.000. 397,230,000. 353, 667, 000. 281,08,000. 421,363,000. -to- 397,470,000. 397,230,000. 323.237,000. 397,470,000. -0- -0-0- 310,557,000. 391,761,000. 377,271,000. 326,823,000. 310,557,000. 391,761,000. 377,271,000. 326,823,000. -0-0- 243,703,000. 447,443,000. 395,280,000. 306,193,000. -0. -0. 41,660,000. 323,2370000. 24,000,000. 243,703,000. 471,443,000. 395,280,000. 347,853,000. -2GOVERNMENT FUNDS ON DEPOSIT WITH DEPOSITARIES IN THE SECOND DISTRICT. (CONTINUED) Victory Loan Funds. Certificates of Indebtedness Funds Special Deposits Total 1919 May 30 $ 49,146,000. 70,869,000. 102,187,000. 185,308,000. 189,826,000. t 411,898,000. 241,722,000. 347,181,000. 73,476,000. 14,956,000. $461,044,000. 312,591,000. 249,368,000. 258,784,000. 204,782,000, 6 40,311,000. 323,025,000. 287,136,000. 308,393,000. 153,579,000. 156,363,000. 156,393,000. 140,775,000. 562,890,000. 479,388,000. 443,529,000. 499,168,coo. 78,515,000. 32,659,000. 45,930,000. 48,114,000. 228,577,000. 232,041,000. 143,423,000. 122,099,000. 307,092,000. 264,700,000. 189,353,000. 170,213,000. 28,958,000. 13,107,000. 26,628,000, 26,690,000. 26,690,000. 260,791,000. 264,615,000. 356,676,000. 282,012,000. 249,567,000. 289,749,000. 277,722,000. 383,104,000. 308,702,000. 276,257,000. 26,690,000. 22,269,000. 22,264,000. .22,264,000. 325,958,000. 235,522,000. 474,915,000. 430,341,000. 352,648,000. 257,791,000. 497,179,000 452,605,000. 2 9 16 23 June 13 20 27 July 4 11 18 25 August 1 8 15 22 29 September 5 12 19 26 Page 30 4 50,000,000. 3GOVERNMENT FUNDS ON DEPOSIT WITH DEPOSITARIES IN THE SECOND DISTRICT ,(CONTINUED) Victory Loan Funds Certificates of Indebtedness Funds Special Deposits Total 1919 October November $ 5,636,000. 19,124,000. 008,154,000. 10 17 24 31 19,138, 000. 19,138, 000. 19,138, 000. 296,610, 000. 210, 212, 000. 229,350, 000. 7 19,138, 000. 191, 400, 000. 14 31,353,000. 31, 404, 000. 31, 404, 000. 143,905,000. 101,313,000. 69,066,000, 212,538,000. 175,258,000. 132,717,000. 100,470,000. 31,397,000. 12,114,000. 12,278,000. 11,000. 163, 448, 000. 117, 505, 000. 298, 141, 000. 269.248, 000. 3 21 28 December 5 12 19 26 387,712,000. 266,941,000. $411, 784,000. 406, 816, 000. 115, 748, 000 . 286, 079, 000. 194,845,000. 129, 819, 000. 110, 619, 000. 269,259,000. GOVERNMENT FUNDS ON DEPOSIT WITH DEPOSITARIES. IN THE SECOND DISTRICT Close of BOinesa Friday of each week FROM JANUARY 2, 1920 TO DECEMBER 31 .1220 (Inclusive CERTIFICATES OF INDEBTEDNESS FUNDS 1920 ,1V0 January 2 12 16 167,123,000. 6 20 27 106,628,000. 77,863,000. 31,136,000. 20,881,000. 5 12 19 26 20,725,000, 20,725,000. 52,372,000. 25,093,000. 2 23 87,496,000. 76,957,000. 142,489,000. 114,333,000. 30 97,172,000. 7 14 97,172,000. 38,873,000. 67,114,000. 40,845,000, Navember 27,197,000, 27,164,000. 141,936,000, 141,711,000. December 1Z 21 28 June 9 230,425,000, 30 April 4 11 18 2) 2 353,838,000. 185,669,000. 13 May July 23 February March i 353,731,000. August 23 82;770;000. 88,230;000. 30 71,470,-000. 6 45,642,000, 41,077;000. 78,263;000, 65,100,000. 13 20 27 September 1 10 17 24 October 4 57,434.,000. 22,-981,000. 1 8 11,154,000. 14,939,000. 215,270,000. 201,025,000. 180,521,000. 162,916,000. 93,235,000, 77,945,000. 29 33,011,000. 5 12 19 18,553,000. 9,278000, 26 80,647,000, 40,748,000, 1 8,0912000. 10 8046,000. 212,124,000. 180 872 000. 117:397:000, GOVERNMENT DEPOSIT DEPARTMENT Government Funds On Deposit With Depositary Banks Largest Amount Deposited - Liberty Loan First Loan Ally 3econd Loan November Third Loan May, Fourth Loan Fifth Loan Amount 5, 1917 4304,353,448.12 30, 1917 822,046,990.43 14, 1918 517,537,883.00 November 4, 1918 609,182,509.63 June 7, 1919 409,156,104.02 Largest Amount Deposited - Certificates of Indebtedness Amount First Loan June 11, 1917 471,091,000.00 .-;econd Loan February 21, 1918 433,958,000.00 Third Loan April 11, 1918 370,500,000.00 Fourth Loan July 10, 1918 496,100,000.00 Fifth Loan September 17, 1919 518,036,000.00 GOVERNMENT :DEPOSIT DEPARTMENT Largest Amount of Collateral in Vault to Secure Deposits 20, 1917 Amount 274,518,118.00 First Loan July Second Loan December Third Loan May 21, 1918 and with 754,210,106.65 custodians) Fourth. Loan October 26, 1918 754,633,510.49 Fifth Loan June 10, 1919 793,937,822.96 $ 1,693,625,476.27 (In vault 1, 1917 Lar est Amount of Collateral,-----with Custodians to Secure Deposits Amount 367,280,044.00 First Loan July Second Loan December Third Loan June 18, 1918 and with 379,241,241,88 custodians) Fourth Loan October 26, 1918 309,849,331.41 Fifth Loan May 20, 1919 152,334,966.77 Page 34 20, 1917 1, 1917 $ 1,691,625,476.27 (In vault GOVERNMENT DEPOSIT DIVISION NUMBER OF LETTERS RECEIVED REMITTANCE CORRESPONDENCE TOTAL 41,672 12,165 53,837. 43,486 7,181 50,667. 16,126 4,975 21,101. NUMBER OF APPLICATIONSRECEIVEDS FOR DEPOSIT WITHDRAWAL OF SECURITIES EXCHANGE OF SECURITIES 2,230 9,753 765 3,767 10,553 471 2,552 5,420 616 Page 36 Is4 GOVERNMENT DEFO3IT DEFARTMENT INTEREST RECEIVED ON VAR LOAN DEPOSIT ACCOUNT Year of 1917 2,515,352,10 Year of 1918 10,679,242,65 Year of 1919 6,355,266.98 Year of 1920 1,905.871,16 rict, $ 21,455,715.09 T0 COMPARI3ON OF LIBERTY BOND PRICES DECEMBER 31, 1920 EJRY 30, 1920 DECEMBER 31, 1219 100.14 is 3 1/e.- 91.00 90.80 1st 4% 85.00 85.50 1st 4 1/4% 85.70 85.76 93.50 2nd 4% 84,78 84.60 91.90 2nd 4 1/44 85.10 84.82 92.20 3rd 4 1/4% 87.98 88.60 94.78 4th 4 1/4 85.20 85.16 92.20 Vic.4 3/4% 96.00 95.54 98.94 Vic.3 3/4% 96.10 95.54 99.02 Page 37 FEDERAL RESERVE BANK OF NEW YORK OFFICE CORRESPONDENCE To Mr. Case DATEL SUBJECT 14_B. Matteson FROM January 11 1 92 4 Method of Executing Orders for the United States Treasury - Attached is copy of statement which I have prepared for the meeting show- ing distribution amongst broke-s of Treasury orders given to member banks for execution on the stock exchange for the celender year 1923, also showing distribution of orders given direct to brokers by the New York Rank latt year. A copy of this statement was sent to Under Secretary of the Treasury Winston, who replied as per attached copy. A study of this statement will show that m good distribution of the orders is sffected by having orders executed by member banks in addition to the other advantages under this method. The experience in Nev York hi s proven these to be principally: Te are able to keep the identity of the Treasury hidden to a great extent. Neither the Treasury nor this bank can be charged with disorimination in the choice of brokers for the reason that such choice is left to the banks to whom the orders ere given. The banks are glad to get this business not only on account of the prestige but because they get the use of Federal reserve funds for one day Up to the amount of purchases made by them. Orders are being placed at present in this manner by Boston as well as Philadelphia. started the practice and we assumed that they were contin- New York. uing it but e learned lately that for some time they had been giving the orders direct to brokers. The Chicago bank, which recently started buying, gives all of Its orders direct. Ends. (2) 14.47L oA LetLifrt-Ae-e- o7 4ó;z -71,Lpecett7 MISC. 3. I-75M. 9 23 FEDERAL RESERVE BANK OF NEW YORK OFFICE CORRESPONDENCE To Mr. FROMO liarch 29, DATE Case SLIBJECT:__ W. B. Wilittesen 1924 RANGE OF CALL MONEY RATE MARCH 5 TO MARCH 28 Date1141... 11 March Low Closing, 5 We 47 6 4- 4f 4i. 7 4* 4-4.- 4i 10 4i 4* 44 11 4* 4f 4* 12 4* 44 4f 13 4 4 4 14 4 4 4 17 4 4 3* 18 3-i 3-, z 3i- 19 3f 3 3 20 3 3 3 21 3 2* 2* 24 3 3 3 25 5 3* 5 26 5* 4 5* 27 5* 4* 5 28 5 42 5 MISC. 3. 1-75M9 23 FEDERAL RESERVE BANK OF NEW YORK OFFICE CORRESPONDENCE To FROM DATE lir. Case March 27, 192 suBJEoT,!Ghanges in Prices of Government W. B. Matteson Securities Change in yields on short and long term Government securities based on market quotations March 5, March 24 and March 27, 1924: TREASURY CERTIFICATES AND NOTES Quotation March 5 1924 Maturity Quotation March 244_1924, (Yield) (Yieg)--- 15, 1924 3.63 Sept. 15, 1924 15, 1924 Dec. March 15, 1925 3.85 3.90 4.09 4.16 4.18 4.22 June June Dec. 15, 1925 15, 1925 March 15, 1926 Sept. 15, 1926 March 15, 4.21 4.28 Dec. 4.28 1927 15, 1927 Quotatidir 1924 (Yield) March 27, 3.30 3.50 3.78 3.86 4.04 4.06 4.10 2.87 3.35 3.64 3.74 3.89 3.97 4.01 4.06 4.07 4.09 4.15 4.15 4.15 LONG TERM ISSUES Quotation March 5, 1924 Quotation March 24,11a (Yield) (Yield) 1st Cony, 47. 2nd 4;17. L.L. 3rd L.L. 4th CI% L.L. L.L. .4.33 4.35 4.29 4.35 Treasury 4i% Bonds 4.25 March " Maturities - 30 5 MARCH 24 AND MARCH 27 1924 da,X1-----151.A.I.E1111124ALSIALL 4% 24 27 4.28 4.29 4.25 4.29 4.23 4.26 4.27 4.18 4.26 4.21 CHANGE IN BILL RATES MARCH 5 Date Quotation March 27,112.4 (Yield) 3 7/8% 4 1/8% 4 1/8% 4 1/87. 3 3/4% 3 3/4% 3 7/8% 4% 47. 4 tiAt, FEDERAL RESERVE BANK OF NEW YORK OFFICE CORRESPONDENCE To FROM Mr. Case DAT SUBJECT W. B. Matteson March 24, Dealers' Quotations and Committee's Prices The following is a comparison of dealers' quotations March 24, 1924 and Committee's authorized prices on shortterm Government securities: Maturity June Sept. Dec. March June Dec. March Sept. March Dec. 1924 1924 1924 1925 1925 1925 1926 1926 1927 1927 Dealers' Quotations March 24 2.87 3.35 3.64 5.78 3.89 3.97 4.01 4.06 4.07 4.09 192_4 Committee's Authorized i'rices 3 7/8% 3 7/8% 3 7/8% 4% 4.15% 4.15% 4.25% 4.25% 4.25% 4.25% MISC. 3. 1-50M-1-25 ESERVE BANK DATE SUBJECT Earning Assets of Federal Reserve Banks TOTAL EARNING ASSETS OF ALL FEDERAT, RESERVE BANKS AUGUST 26, AS COMPARED WITH THE PREVIOUS WEEK August 26 August 19 67,508,000 238,181,000 87,056,000 105,225,000 61,592,000 62,689,000 133,456,000 74,237,000 48,138,000 56,198,000 49,359,000 107.263,000 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St, Louis Minneapolis Kansas City Dallas San Francisco 1,090,902,000 1 9 1925 Net Change 72,431,000 276,926,000 84,882,000 103,293,000 62,655,000 64,203,000 126,400,000 74,557,000 44,214,000 55,703,000 50,159,000 110.870,000 $ 4,923,000+ 38,745,000* 2,174,0001,932,0001,063,0004 1,514,000+ 7,056,000- $1,126,293,000 335,391, 000+ $ 320,000+ 3,924,000495,000800,000+ 3,607,000+ SYSTEM HOLDINGS BY CLASSES Bills Bills Gov't Other discounted purchased Securities earning assets 559,483,000 195,309,000 323,260,000 14,050,000 t1,090,902,000 *Includes sales 579,675,000 201,519,000 332,249,000 12,850,000 $20,192,000+ 6,210,000+ * 8,989,000+ $1,126,293,000 $35,391,000+ $ contracts ($8,300,000). -0- ITEMIZED STATEMENT OF NET CHANGES IN EARNING ASSET HOLDINGS AUGUST 26 AS COMPARED WITH AUGUST 19 Bills Discounted BOSTON Bills Government Bought $) 2,990,000+ $2,224000+ 28,519,000+ Securities 4 Net Change 289,000+ $ 41923,000+ 3,235,000+ *6,991,000+ 38,7451000+ 2,922,000- 747,000+ 1,000+ 2,174,000.. CLEVELkND 2,704,000.. 752,000+ 20,000+ 1,932,000.. aICHLOND 1,388,000+ 332,000... 7,000+ 1,063,000+ ATLANTA 2,077,000+ 595000- 32,000+ 1,514,000+ CHICAGO 8,371,000- 353,000- * *1,668,000+ 7,056,000 778,000+ 510,000.- 52,000+ 320,000+ kINNEAPOLIS 3,984,000.- 46,000+ 14,000+ 3,924,030-. KANSAS CITY 1,032,000.. 251,000+ 286,000+ 495,000+ DALLAS' 1,022,000+ 369,000.. 147,000+ 800,000+ SAN FRANCISCO 2,431,000+ 1,116,000+ 6o,000+ -.01 3t607x000+ $20,192,000+ 46,210,000+ $8,989,000+ $35,391,000+ NEW YORK 'PHILADELPHIA I I ST. LOUIS x .......4.worst4A 68900,000 1925 HOME OFFICE AND BUFFALO BRANCH January 1, 1925 Number of Employes Officers Clerical Protection Food Supply Building Operating Buffalo Clerical Total 36 2103 96 56 221 6 Salary Liability 470,100. 5,320,190. 142,110. 57,380. 315,400.76 116 2627 64,459,940.76 July 31, 1925 Number of Employes 34 1993 86 44 229 129 t Salary Liability 456,600. 3,049,880. 126,050. 45,410. 332,227.48 162,040. 2516 t4,172,187.48 Increase or Lecrease Number of Employes Salary Liability 10 11 8 13 13,500. Decrease 270,310. Decrease 16,080. Decrease 11,970. Decrease 16,826.72Increcsi 7,280. Increase 112 $287,753.28 Decrease 2 110 $ FEDERAL RESERVE BANK OF NEW YORK MISC. 4.1-120 M-1-20 ICE CORRESPONDENCE 01 Mr. Bellah To FROM DATF SUBJECT. July "5, 1921 192 Questionnaire of Mr. Blackett Governor Strong It might be a good plan to fill out the tables and the questionnaire sent us by Mr. Blackett, in each instance making a note of the source or sources of the information. When it is completed, I will endeavor to prepare a. letter to Mr. Blackett, which will make clear that the data is furnishe entirely personally by myself, and that the information Comes from surces open to the public. PS:MM
@FedFRASER