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AUDITOR'S
REPORT
FEDERAL RESERVE BANK OF MIMEAPOLI
DECEMBER 30,1916.
J
/
“ • *
1
__ Q __§__JL
\iA. 'Iw
'y 'n
Proof Bills discounted
1
»
Acceptances Purchased
2
«
?/arrant s
2
"
U*S. Banda
3
L;j.st
^
4
Bank Balances - Federal Reserve Bank
V
5
n/
Warrants held
*
*
5
Government Deposits
6
Gold Settlement Fund
Capital Stock
¥
Wisconsin banks withdrawn from district
9
y
y
/
Members
6
N
V
m
10
N
M
Earnings for month
Expenses
»
**
Expense-Comparison 1915 - 191612
Transit Expense, Service Charges since July 15,1916
13
Average earning assets and rates December 1916
14
*
M
*
**
**
by months 1916
n/
15
Gross earnings toy months 1916
y
16
Profit & Loss Account
Y)
J
17
Cash Record - Bank
18
Gold and Federal Reserve Notes held by Agent
19
Federal Reserve Notes received and cost
20
Rediscounts - Minnesota
y
V
21
7
22
«
- North Dakota, South Dakota, Montana, Michigan
Balance sheet Dec. 30,19-^6.
Minneapolis, January 2, 1917*
the Directors,
Federal Reserve Basic of Minneapolis.
Gent lenient-
Durinc; the dosing week of December, all Discounts, Acceptances,
Warrants and Bonds were verified; the ledgers proven anl the amounts of
Unearned Interest and Unearned Discount found to be in control with General
Ledger balances, Aoeount "Sfcemiuni on Bonds Purchased" is being amortized
monthly in an amount sufficient to wipe oat the premium by maturity of the
bonds, Continuous audit is bein?j maintained as nearly as possible on all
cash held by the Bank as well as that held by the Agent, Proof oi‘ cash in
possession of Teller was made under date of Deoenfcer M7th. Details of the
various examinations and other information follows:
BILLS DISCOUNT - MSSIBi&S AS Oj? DSCSLLiSB 26, 1916, (iBOVBff).
Member Banks collateral loans
*
* redisoounts on hand
"
*
*
sent for
collection (since verified)
Total
335,700.00
1,464,023.40
175-832.08
1,975,555.48
Average amount of rediscounts from members during 1916
Average rate of discount on above
4.804#
JCOEF'tASOES PtRCHiSED (Verified as of Deo. 23,1916)
On Hand
5,020,665.90
Sent for collection
(since verified)
1.018.617.90
Total
Average amount parohaaed during 1916
Average rate earned after jpayldE a>mission
6,089,883.80
$ 2,154,300.
*.S26g
m m m> ummiBAL w m m s (Term ed Dee.3i,i9i6.)
Warrants on hand,or Txuak Receipts for those held
hy other Federal Reserve Basics for our aooonnt
$ 5 6 9 ,6 6 4 ,7 2
$ 1,251,300,
Average amount invested daring 1916
*
rate earned after paying oamissions
2 .7 4 #
(Various warrants heLd shown on separate sheets).
mmm ssmes wm s Am m m s ok hahd mu held nr
WASHmm AT CLOSE OS BUSINESS Dee. 31,1916 *
(Verified)
Par valtLB
Panama Canal Loan 1906-1936
1900-1930
Consols
*
Panama Can Loan 1911-1961
»
#
* 6 Ooup,»
tr.S. L/oaat
1898-1918
* & Ooup,► *
U.S. Loans
1875-1925
¥
Reg. 2&.
Coup.#
•
#
•
#
Conversion Bonds 1916-1946
1 year Treasuxy
Botes - Dae April 1, 1917
»
• •
Oct.l, 1917
50,000.
1,014,900.
500.
1,193,740.
___ m . m .
2,440,140.
2,200.
<,850,000.
SSQ.OOO^
Total Held
Average amoant invested in U.S. Securities daring 1916
*
rate earning during year
5,142,340.
$ 3,015,300.
2.297*
On January 2 there werd converted into 3$ hands and notes #1,060,000.
of oar present holdings of 2$ honds, and our profit on parohase prioe of
2$ bonds stands at $13,551.21.
Of premium account $18,495.80 represents the prioe over par ipaid for
#181,000. of 4$ honds, and $17,852.05 the premium on §1,193,740. of 3j( honds
of 1918. fhese two amounts are being amortized #186.82 and $850.09 respectively
eaeh month.
WARRAITTE OF STATES A'?D MISICIPALITIES
HELD CLOSE OF BUSIHSSr DECEMBER 31. 1916.
Interest Basis
Maturity
Value
Due
City of He* York
2 5/3
January 3, 1317
$ 81,282*19
City of Leominster, & .S 3 .
3
January 15,191?
10,000*00
City of Fitchburg,. ■
2 .S'!5
January 26,1917
25.000.00
City of Ycnkers, N .T .
3 3/4
January 29,1917
13,262,8?
4 1/2
February 1,1917
12,117.00
City of Syracuse, U .T .
3
February 2,1917
25,170.83
City of Q. incy,
3
February 8, 1917
25.000.00
Toth of Vinthrop *
3
February 15,1917
15.000.00
Tovn of Russell
3 1/4
&trch
School Board Munising Township
Al-er County, tfichigan
*
1,
1917
5,000.00
Jordan School Dist.?:.lt Lake
County, Utah
x . : m of STeot Hoboken, !T*J.
4
March 1, 1917
10,320.80
3 1/2
U&rch 12, 1917
18,343.90
3
Ifarch 15, 1917
304,167.12
3 3/8
2fcy
Board of Education
City of Hinn:apoli3,Ui}n.
City of Brockton,lfe.os •
29, 1917
25.000.00
$569,664.72
BAHK
BALANCES
The balances *due from11 and "duo to1* other Federal ressrvo b&nVa at
close of business December 3 1 ,1916, were as f o l l o w :
H a s .Jr .fg L
t
Boston
Sew York
355,62 8 .9 2
■JtouUa
$
1 ,5 4 0 ,5 9 9 ,8 3
8 3 ,1 4 5 .8 0
237,02 2 .5 6
Philadelphia
3 ,1 0 3 .4 6
1 88,92 1 .3 1
Cleveland
1,056*83
268,168.72
522.47
3 2 ,4 2 5 .3 9
Atlanta
2 ,2 9 6 .9 3
5 ,6 1 9 .3 5
Chicago
2 0 2 ,6 8 7 .6 6
1 ,4 0 7 ,5 8 0 .3 7
5 ,9 2 7 .5 8
1 3 4,75 3 .0 7
Kansas City
4 5 ,7 6 0 .3 9
1 8 3,46 9 .8 8
Dallas
1 2 ,8 30 .4 6
1 1 ,3 1 8 .0 6
San Francisco
49*957.42
Richmond
St .Louis
2,
2 2 0 ,3 7 2 .0 0
....
2 ,5 5 3 ,3 1 8 .6 9
Deferred Debits and Credits
to other Fed.res.banks
i * a a j s ,a .p 7
3, 5 9 8,99 7 .0 7
.
J U flfls M I'M .
4 ,3 4 7 ,1 5 6 .5 8
The balances due us have been checked and found correct. Statements
of balances duo to other Federal Reserve banks have boon forwarded and will
be followed up Until v e rifie d .
Verification of footings on member bank ledgers hns bsan made as of
m
D ec.30, 1916, and found to ugre" with controlling balances on General Ledger,
Daily statements are rendered all banks and as rapidly as possible we will
o V a in each banV's verification of balance to close of business Doc ember 30.
AVERAGE miBER BANK DEPOSITS BY IQflTHP.
YEAR
January
10
16,
$ 1 4 ,350,000
July
$ 1 9 ,6 05 ,0 0 0
February
1 4 .5 13 .0 0 0
August
March
1 5 .0 50 .0 0 0
September
2 1 .4 9 0 .0 0 0
April
1 5 .3 82 .0 0 0
October
2 2 .7 7 3 .0 0 0
Kay
1 7 ,6 w1,000
Kovember
2 6 .8 0 1 .0 0 0
June
1 9 .1 29 .0 0 0
December
2 9 ,6 7 0 ,0 0 0
Yearly Average
Michigan
Minnesota
Montana
20 ,4 0 6 ,0 0 0
$1 9 ,7 32 ,0 0 0
$ 1 ,1 5 6 ,6 5 9 .8 4
Horth Dakota
$2 ,3 7 8 ,5 8 0 .0 4
1 7 ,8 9 9 ,6 6 5 .5 5
South Dakota
2 ,3 1 7 ,8 0 6 .7 2
3 ,0 1 5 ,6 0 8 .8 5
Viooonsin
2 ,7 6 6,64 0 *3 7
TOTAL DEPOSITS
$2 9 ,5 3 4 ,9 6 1 .8 7
On January 2 our deposits vara reduced $ 1 ,7 5 0 ,2 1 9 .9 2 through the
transferring of 5r Wisconsin bunkfi to the Chicago district. (Particular!* of
b«mks transferred, deposits and capital stock shown on separate chest.)
gOVMraEflT DEPOriTS
Average byjftonths,
January
$23 8,64 7 .8 1
M M r
July
$7 7 1,28 6 .9 1
February
353,62 1 .1 0
Auguot
March
508,175.10
September
1 ,0 6 6 ,4 9 1 .0 6
April
4 5 7,11 2 .5 8
October
1 ,0 3 0 ,8 2 1 .4 9
fey
618,187.05
Kovsaber
8 3 9,20 0 .4 9
June
7 4 7,99 4 .4 9
December
£60,752.26
Average for year $7 0 4 ,1 8 2 .7 6
957,90?.83
GOLD SETTLEMENT FUIJD.
Under data o f December 9, 1916, this fund was examine! by ths Auditor
of the Federal Reserve Bank, Boston, representing the Banks, and the
Auditor of the Federal Reserve Bank, St.Louis, representing the Agents.
The gold certificates comprising the fund were .found to agree in amount
*ith the records of the Federal Reserve Board. This Band's <articipation
was shoism to be $9 ,3 9 1 ,0 0 0 and that of the Agent of this bank $ 0 ,2 5 0 ,0 0 0 .
Beth of these balances are in accord with the records of this bank as
of like date.
The holdings in this fund are United States Treasury Gold Certificates
($10,000 denomination only) issued payable to the order of the Federal
Reserve Board, indorsed by perforation "payable only to the Treasurer of
the United States or a Federal Reserve Bank®.
Examinations are m d e once during each quarter and the different banks
rotate In making; the audit.
CAPITAL STOCK.
Total holdings of member b^nke as shovn by stock ledgers is $ 2 ,6 0 9 ,7 0 0 .
which amount is in accord with general ledger balance.
Particulars of Capital Stock
—
Stock
Held
Dividend to
July 1.1915
Dividends Paid and Accrued.
Dividend
Accrued July 1
1915 to D e e.31/15
State
Ho.of
Banks
Michigan
32
133,900
3 ,2 5 4 .9 9
3 ,9 4 3.20
286
1,4 0 4 ,3 5 0
2 9 ,735.58
39,491.04
74
261,000
5 ,095.89
7 ,4 3 0 .6 0
Ho.Dakota
156
249,000
5,745.74
7,1 5 8.58
So.Dakota
124
'1 2 ,5 0 0
4 ,6 0 3 .3 0
3,816.83
Wisconsin
Cnj
oe
348,150
2 ,60S,900
Minnesota
Montana
760
0
*%*/
57,719.87
in
i1®
J. V > § >
i/V t*f • p
K* w
7 4 ,1??.28
Dividend
Accrued J a n .l
1916 to D e c .31/16
1 54,80 7 .8 0
V'
Total dividen is accrued to Dec.31,1915
2 2 8,93 0 .0 8
Lass dividends J a n .1,1916 to Dec.31,1916 on stock
of Wisconsin banks transferred to Chicago
13.. 764.
Total unpaid dividends to Dec.31,1916
*13,166.08
On January 2 we transferred to Chicago 229,400 covering all
the holdings of tho 52 Wisconsin b .nks rproved from the district.
The dividend yet +o be r>:-,id these transferred banks covets
ilia period frow July 1/1915 to Dec .31,193 5 , .and amounts to
Particulars of banks transferred and the various amounts
w ill be found on sokarate sheet.
6 ,8 0 7 .8 5
W l a o m & i n Bantes ^ransforrod to Seventh District,
Capital
iltoofc
Reaorra
First National
3600
31,531,39
Xmgiado *
tm
19,696,70
Oitlssns «
6000
$3,919,66
*
Octaaeroied "
7600
66,960,66
«»
First
«
1*000
66,668,95
BariIn
#
«
5000
36,116.1*
BlA&c RlT«r falls
N
*
IfOO
81,667,98
Brillion
«•
*
1000
9*689,96
JdfttlgO
«
Appleton
Chilton
Chilton
*
1800
10,8*0,79
Qlintonrllle
First
*
two
*1,985.37
*
it
too
8,135.59
Dal&
D«
l&tiOKUO. Bank of
*280
10*649*46
Fend du Lac
CUHMreial national
6000
70,607,94
«
«
»»
First National
4600
40,091.00
it
*
«
Fond dtt Ikto Jfafcioaal
7500
66,967*04
Citizens Rational
3660
6,49**98
Grand Bapids
*
w
fin *
*
4600
89,1**66
«
t»
Wood Co.
»
6060
£1,660*6*
Ore#n Bay
Oittsaas
"
16600
70,646*09
«t
w
MLltffg
*
7500
49,1*1*63
«
w
IiaOartnejr *
*000
60,410,69
First
"
1600
14*666,99
if
M
600
8,667,6*
pait
XOUMft
MttitMOO
latianal Bank of
6660
60,418,16
Kftrinette
First Hat1anal
4600
15,174,6*
Stajphaaaon Sat ianal
6000
66,876*01
Aiaprloaa
*
2700'
31,660*66
First
"
3600
36,0*8,98
HftB&fth*
ft
ft
9000
66,164,16
Ih b A
a
it
5660
34,090*00
w
Marshfield
w
WISG01ISIN BAHKS TRAJTSFIffiBSD TO 8EVMTH DISTRICT*
Heenah
Eat i anal Manufacturers
Heillsville
First national
Capital
Stock
3850
Reserve
Balance
29,368.26
1800
9,685.03
tt
1950
26,921.72
Citizens »
2350
19,148.22
Ooonto
w
2200,
9,055.92
Cit^r
n
7200
39,964.44
»
CODtneroial JTatioaal
9000
57,860.76
it
Old Hati anal
12000
117,4X1.42
1050
10,261.51
950
8,132.17
«
3750
37,479.80
German
"
3750
29,716.54
Se,ymour
First
*
1200
13,291.46
Stayaao
»
«
2250
16,539.75
w
1950
13,502.98
Citizens n
3600
45,474.83
First
»
3900
47,937.62
n
it
900
4,502.93
"
1950
2B,706.03
15000
79,691.99
9 CO
13500
8 ,0 7 1 ,9 0
7 2 ,3 7 6 ,6 2
229400
$ 1,750,219.92
Hew
Loudon
Oconto
«
OsWcoah
•*
Peshtlgo
Peshtigo national
Princeton
First Ifaticmal
*t
Ripon
tt
w
Stevens
German
Point
«t
Tigerton
«
Waupaca
Old
Wausau
First
M
»i
tt
National German American
.e^u;/c ja
T
tA
LllV2
., 11''t,'“5C
V
1
EAMIHG3 OF THE PHDSRAL RES HITS BAUK OF MINNEAPOLIS
FOE THE MOOT OF DECEMBER 1916.
!O a i
FOR
MOM
TOTAL
SINCE
Jan.l, 1916.
TOTAL
YEAH
1915.
m O Sim S FROM:
Bills discounted and bou$it*
Bills discounted for member banks
Bills bought in open marlst
Investment sj
Utai ted States bonds
Municipal warrants
5,825.73
12,200.44
60,937.81
50,098.78
50,488.75
5,247.90
6,056.59
1,781.72
69,266.49
34,267.09
18,793.25
20,930.82
1.251.91
23.558.51
4.148.59
27,116.39
238,108.68
99,609.31
Comr&issions received
Sundry profits
•Total Earnings
MEMOHAI33US
Go at of F.R.notea unissued by bank*
(including expres sage, ins trance,etc.)
Cost of furniture and equipments
Furniture and fixtures
Vaults
Machines
Other
Total cost of furniture and equipment
TOTAL
FOE
MONTH
TOTAL
AS SHOWS'
ON FORM 34
1,279.21
16,295.18
341.18
341.18
59,274.19
EXPENSES OF THE FEDERAL RESERVE BANK OF MINNNAPOLIS
FOR THE MOUTH OF DECEMBER 1916.
I.
TOTAL
FOR
M 02TTH
CURRENT EXPENSES
Assessments a/c expenses F.R.Board
(monthly proportion)
Federal Advisory Council
(fees and traveling expenses)
G-ov'rs confer'ns (in c l ’g trav’ g expenses)
F.E.Agts
"
«
if
«
Salaries : Bank officers
Clerical Staff
Spec'1 officers and watchmen
All other
Directors* fees
Per diem allowauce
Traveling expenses
O ffic e r s ’ and clerks1 traveling expenses
Legal fees
Rent
Telephone
Telegraph
Postage
Expressage
Insurance & premums on fidelity bonds
Light, heat and power
Printing and stationery
Repairs and alterations
All other expenses, n .s .
fotal expenses of operation
I I . COST OF F.R.NOTES ISSUED BY BANE
DURING-- MO .(including expressage,
$
543.66
184.50
128.10
195.
2 ,2 9 1.66
4 ,2 2 5 .4 2
117.50
0
350.
120.
192.91
182.30
125.
721.67
48.87
42.54
1,551.78
77.57
382.10
0
1 ,724.63
160.40
472.32
TOTAL
SINCE
JAN .1,1916
8 ,9 6 2.07
743.50
1 ,3 9 1 .5 6 4 1 7 .2 9 _
26,624.92....
2 9 ,2 7 6 .5 9 '
1 ,3 1 1 .2 0
78.
3,100
990.
1 ,4 8 5 .8 6 1 ,1 4 4 .5 5 1,500
6 ,9 5 5 .0 4 568.20 299.108 ,1 5 6.55 ~
532.94 1 ,7 3 1.39 0
6,197 *92 —
719.47 —
3 ,1 6 9.15
13,947.93
105,355.30
326.03
9,866.06
insurance,etc).
111 • ORGANIZATION
expenses
Organization Expenses J a n .l , 1916:
Cost of F.H.notes used prior to
J a n .l , 1916, not offset by earnings
1 8 ,7 01.27
All other $ 2 3 ,9 41 .7 1 charged Profit
13,640.44
Total
& Loss A cct.7/1 2 /1 6
3 2 ,3 4 1 .7 1
Amortization account:
F.R.notes: Monthly proportion
All other organization expenses:
Monthly proportion
TV. DEPRECIATION OF FURNITURE & EQUIPMENT
Total current expenses
Less expense recovered from service charges
4,800*00
3 ,600.00
585.00
1 4 ,8 58 .9 6
6 ,2 3 8.01
8 ,6 2 0 .9 5
5,3 5 3.00 128,974.36
17,068.53
111,905.83
DECEMBER
1915
792.21
112.28
2 ,2 5 0.00
2 ,9 0 9.97
228.75
540.
80.
146.08
3.30
125.
416.67
45.99
26.19
60.08
31.14
564.95
0
260.03
10.10
366.15
8 ,9 6 8.89
COMPARISON OF O P m i ’IHG iaPJSNSBS 1915 AID 1916
Assessment a/c expenses Fed.Res.Board
Expenses Federal Advisory Council
Governors * Conferences (including traveling exp.)
Agents*
n
n
Salaries:
Banfc officers
"
Clerical staff
rt
Special officers and vyatchmen
»
A ll other
Directors* fees
n
per diem allowance
”
Traveling expenses
Officers and clerks traveling expenses
Legal fees
Rent
telephone
Telegraph
i03tage
Express age
Insurance and premiums on fidelity bonds
Printing and stationery
Repairs and alterations
All other expense a n .s .
Year 1916
# 8 ,9 6 2 .0 7
7&3.50
1,3 9 1.56
417.29
2 6 ,6 2 4 .9 2
$0 ,8 2 3 .5 6
1 ,3 1 1 .2 0
78.00
3 ,1 0 0 .0 0
990.00
1 ,4 8 5 .8 6
1 ,1 4 4 .5 5
1 ,5 0 0 .0 0
5 ,2 8 0 .0 4
557.20
299.10
4 ,6 7 1 .6 3
53 2.94
1,4-93.52
4 ,1 3 1 .6 4
719.47
2 ,3 8 1 .7 2
8 8 ,8 39 .7 7
Balance of expenses prior to Nov.16-1914 paid
in 1915
%
Year 1915
11,1 53 .3 0
696.65
1 ,0 0 2 .9 9
339.38
2 7 ,5 4 1 .6 4
2 0 ,7 4 4 .7 5
1 ,7 9 8 .5 3
0.
3 ,4 1 0 .0 0
940.00
952.62
673.91
1 ,9 2 3 .7 5
5 ,0 0 0 .0 4
542.76
273.91
1 ,8 6 4 .3 9
245.46
1 ,1 4 4 .3 0
3 ,8 0 8 .0 6
507.48
2 ,1 0 3 .5 4
8 6 ,767.46
1 ,2 9 0 .8 7
Cost of Federal Reserve notes issued
daring year
9 ,8 6 6 .0 6
lone
Organization expense- proportion charged to
Current expense January to June inclusive
8 ,4 0 0 .0 0
None
Amasmt of depreciation on Furniture and
Equipment during year
4 ,8 0 0 .0 0
None
Total
1 1 1 ,9 0 5 .0 3
8 8 ,0 5 8 .3 3
t m
u m
i&xraisjs
rnrnm* m a m r m m of mrnmm *i«
V R 1EH B PH
19X6*
total tot
Month
total sixioe
l«3y 16
Sorvim chargee Bocovorod
against
^
____________________________________i .___________________ i
Salaries
(035.33)
s M
J M
2,585.00
8,465*08
5,251*45
8,455*03
260.00
1*675.00
755*00
1*675.00
2.00
11.00
5*60
11*00
649.40
5*264.92
959*44
5,284.92
66.00
287*67
75.87
237*87
JVintinc 4
Stationery ( 90.00}
307.71
2,066.28
511.86
2,066*28
All other
$36.01
767.48
557*61
787*43
U5.00
555.00
185*00
553.00
4,549.12
17,068*55
6,258*01
17,068*55
hbr«
ftU ftai
*> *•«•
{ eo.oo)
2X10* & £r0S9S«
(150.86)
Depredation
1*002,13
4,426*82
Sit eervice charge* for a&<«*afcer
this total ropronont* sorvlao charges ainoo July- IS in oocoos* of expense. We
have applied this anoant agfrinut th© w io u u e^eitttf Hens, an indicated, which will
raiafeur®* the bank Itor axpmditurcij prior to July IS.
total expense proper for December was 15,256*94 to which wo Jiave added 11092*18
ffer expense prior to
15,1916*
m ® m w m w m v m m m m a; of m c m m 51,1916.
(Included in Furniture & Fixture Account)
Depreciation to
Beces&er 31* 1916.
Furniture A Hxiuree
Belance
#2,575.52
7,469.00
Other
109.40
10 , 155*72
m
*
9 , 000,72
j f
AVERAGE AMOUNT OP KACH CLASS OF MARKING ASSETS
HELD 3Y THE FEDERAL RESERVE BAIIK OF MINNEAPOLIS
earnings and hates of earnings (less coma:ssions)
THEREON ?OP THE MONTH OF DECEMBER 1916.
Average during
Month
Earnings for
Month
Annual
Rate
Bills Discounted - Members
1,512,100.
5,825.73
4.548
Bills bought in Open Market
5,514,200.
12,200.44
2.612
U. S . Bonds
2,446,100.
4,306.59
2.078
Treasury notes
700,000.
1,750.00
2.951
Municipal Warrants
675,100.
1,781.72
3.115
10,847,500.
25,864.48
2.815
Total
AVERAGE AMOUNT OF EARNING ASSETS BY MONTHS.
Discounted
for
Members
January
f
Acceptances
Warrants
U .S .Bonds
and Notes
Totals
1 ,1 3 0 ,4 0 0
545,100
960, 200
1 ,4 0 8 ,3 0 0
4 ,0 4 4 ,0 0 0
February
986,000
508,000
1 ,1 6 9 , 300
1 ,6 8 7 ,5 0 0
4 ,3 5 0 ,8 0 0
March
874,600
638,500
1 ,3 4 0 , 800
2 ,0 6 9 ,2 0 0
4 ,9 2 3 ,1 0 0
April
773,000
998,300
1 ,4 3 3 , 700
2 ,3 9 6 ,8 0 0
5 ,6 0 1,80 0
May
703,000
1 ,2 1 7 ,4 0 0
1 ,9 2 6 , 800
3 ,3 7 8 ,1 0 0
7 ,2 2 5 ,3 0 0
June
881,100
1 ,6 6 6 ,5 0 0
1 ,3 8 7 , 600
3 ,8 1 2 ,3 0 0
7 ,7 4 7 ,5 0 0
July
1 ,2 6 6,70 0
2 ,4 6 5 ,6 0 0
1 ,0 6 9 , 900
3,8 6 2 ,6 0 0
8 ,6 6 4 ,8 0 0
August
1 ,8 9 6 ,9 0 0
3 ,0 2 4 ,5 0 0
1 ,0 5 4 , 400
3 ,7 7 0 ,2 0 0
9 ,7 4 6 ,0 0 0
September
1 ,8 7 2 ,2 0 0
3 ,2 0 7 ,9 0 0
1 ,0 4 1 , 600
3,7 1 9 ,4 0 0
9 ,8 4 1 ,1 0 0
October
1 ,9 0 5 ,8 0 0
3 ,0 5 0 ,3 0 0
1 ,6 7 4 , 900
3 ,6 1 7,20 0
10 ,2 48,200
Hovember
1 ,4 1 8 ,8 0 0
3 ,0 1 5 ,5 0 0
1 ,2 8 1 , 400
3 ,3 1 6,50 0
9,0 3 2,20 0
December
1,5 1 2/10 0
5 ,5 1 4 ,2 0 0
675, 100
3 ,1 4 6,10 0
1 0 ,8 47 ,5 0 0
1 ,2 6 8 ,4 0 0
2 ,1 5 4 ,3 0 0
1 ,2 5 1 , 300
3 ,0 1 5 ,3 0 0
7 ,6 8 9 ,4 0 0
Average
AVERAGE RATE OF EARNINGS BY MONTHS OH ABOVE INVEST]5!D FUNDS.
On Dis
counts for
Members
On
Accept
ances
0
Warrants
On U .S .
Bonds
On U .S .
Notes
On Totals.
January
4 .87?
2.05^ '
3.27/o
" .1 1 %
3.15#
February
4 .8 4
2.05
2.93
2.46
3.08
March
4 .9 9
1 .9 9
2.39
*3.19
2 .71
April
4.78
1 .9 0
2.19
2.40
2.59
May
4 .9 0
1.93
2.29
2.22
2.46
June
4.62
1 .96
2.55
2 .27
f! .52
July
4.82
2 .1 5 *
2.81
2.15
2.95
2.65
August
4 .74
2 .4 d
2.88
2.12
-.95
2.78
September
4 .6 4
2
2
2.91
2.18
3 .05
2.80
October
4.71
2.39
2.82
2.22
3.05
2.88
November
4.93
2 .41
2.85
. • n-r;
3 .05
2
December
Average rats
4 .55
2.61
3.11
2.08
2.95
2 .81
.86
GROSS SUVIiQS Of fS M UL 8E8SRVC BASK Of IOIISAIOU8
Bf K9TH8 Km 1 9 1 («
Month
of
Cem'l
Awwr
Ac«e?tonooa
U.S.
Bonds
Jaamty
$4,673.31
$ 964t73
2,645.39
2,705.16
482.62
11,471.21
February
3,791.66
828.96
£,306.79
2,719.73
260.56
10,909.70
March
9,689.57
*080.95
3,857.27
2,718.29
378.50
11,724.58
April
3,076.87
1644.36
4,798.38
2,730.48
230,60
13,480.69
mt
2,969.43
2091.08
6,451.02
3,986.77
284.33
15,782.63
Jtmo
3,393.51
2812.95
7,207.18
3,009.27
731.95
17,154.86
July
5,166.11
4496.39
7,270.02
2,548.56
869.17
20,350.25
Avgost
7,603.42
5754.54
7,0X9.23
2,569.40
2138.24
25,074.83
Sopto^or 7,407.59
6094.69
6,905.01
2,484.12
4279.53
27,170.94
Oetohor
7,605.25
6168.78
7,246.47
4 003.64
5187.88
30,212.02
Somm Imm*
5,735.36
5960.91
6,501.14
3,009.95
7453.22
28,660.58
Btooa&or
8,835.73
12200.44
6,056.59
1,781.72
1251.91
?7,116,39
Total
60,937*81
50098.78
€3,366.49
$4,267.09
235*8.31
?38,108.68
Ator&go monthly itnitDgo frr year 1916
*
•
•
oxptfftot "
*
not profit? per «onth •
$19,845.39
*
9.335.49
•
$30,516.90
Artr*&* monthly earning laot h%lt of 1916
*
•
»
»
i? i M y L
not Proiitu por month *
«
*
16,781.41
Sato Porceirt oarnod on Capital ttook for yoar
5.16
11
•
•
•
«
•
*6,430.84
»
*
exr«R*«*
ttanftry
BroH U
tarrnat*
• lost h:*lf 1916
7*71*
♦
fftt*l
mm ncmm mm
profit Aim
s z s m
M
30, im
m
s & s m
Discount from weiabor banks
•
Interest
■
-
$21,594.35 ^
*
Bankora* Acceptances
9 ,4 2 3 .0 3 '
«
U. S e c u r i t i e s
2 8 ,2 6 8 .0 3 "
«
Warrant®
17,869.70-
Sundry profit® Ineluding in erest on transfer draft®
2,368.56 ^
Debit
Current Expenses
% 4 5 ,6 0 9 .2 7 /
Organisation Expense
32,341.72^
Balance forward
1.572.69
79.523.67
79,523.67
79,523,67
PROFIT AITD LOSS ACCOtJHT December 31,1916.
Credit
i3&bll
Discount froja w m btr banks
3 9#343*46 **’
*
Bankers1 Acceptances
40,675*71
Interest
*
V . S . Securities
40,998#46/
*
*
Yarr&nt*
16*397.39 ^
•
Sundry profite including interest on transfer drafts
Balance brought forward from June 30,
/
2 1 ,1 6 9 .9 5
1915
1,973#69
Debit
Current Expense® July 1 to
Dec.31, 1916 ......
Dividend for the period So*.2.,
1914 to July 1, 1915
Balance form d
57,896.56
57,719.87
44,541.17
m
*
2 $
h
m
160,2357.70
-------------------------------------------
160,157.70
cash n m m
IBIHtAti SESSRf!2 MWi OF K&ffiM^OiAS
Deoeatoer 30,1016,
oo*»
part*
D
Oott
gold
Otfa*
___ BO&»f
Gold
Otf®.
Q*fla*
Federal
BN em
Vakil ......
Silver
and
Is a I
160,000,
10,000*
80,000.
606*000*
18
___ fotal
880,000*
606,000*
16
46*,000.
46,000.
17
05,000.
06,000.
18
2,181,000.
8,181,000*
10
1*718,000.
1,718,000*
80
i8o,ooo.
180,000.
a
800,000.
800,000*
1,810,000.
88
1,310,000*
88
488,000.
486,000*
84
886,000.
886,000*
8,480,000.
88
100,000.
8,610,000*
86
800,000,
800,000*
87
865.000^
866^000.
1,080,000*
160,000. 10700,000*
000,000,
7,680,000.
100,000.
A and 0 (HUtm
Gold Cola
Gold Otfa*
(Bea*tr
6,487*
80,160*
M URes*
Hot©*
4*4,666*
Silver
17,882,
legal
10,880*
Sat lootfe
18*600*
Mlsoellanaottfl 1-135.47
?otal Cash of F*H*Banfc
Bl0.574.47
$ 11,810,674,47
ao:*i> A 3i,> ?
aw**
ar j s n so? s h e m ax wss
mmt
OP IBS .FTD8RAI. B;?33m: BANK 0? iOSHSAPOUS.
m
m
m
*
m
s m
m
sora s » *
Ooapart-
ncnt
10U
S0»»
6 0*#
100*a
160,000
160,000
S 160,000
160,000
960,000
520,000
9
1*460,000
8
*000
90,000
e sao.ooo
u
. m
. m
iU u m
JLSfiH
990,000
795,000
1,036,000
aso,ooo
60,000
gold
OHJpWPt-*
Total
0014 CoS*
m n t
sold 0art,
Qold 0 «r t,
OortUMP
,
Baatffr
4,
6 000,000
3,000*000
7*000,000
6
1**40,000
1*990*900
3,*so,ooo
9
l 9000t000
l f0 0 0,00 0
10
lf000,000
1 90009000
U
JLfflKLQaa-
JlaMftafifift,
9,000,000
6,340,000
At Agont9* credit -tfith
11
*
3,990,000
Baaanr* Board
la
mm
Sotal Gold h«ld
*
#
IM « B&s. Solos h»IA
»»
*
13,&30,003
6,860,000
u m jM *
10,464,046,
3,140,000
m
$otal mamtfi of notes rsaaivad to Dee.31*1916
iipoift Oonptrollar of the C«rreaay*
900.000
620.000
.
•
M a i
34,600,000
.,m m n i
3,110,000
nmo m of m nwa* w m m s o m nm m rm & m n o zm iw
m u Qtsm tm tm , issukd, nmssmsD m
Rec*4. from
Oonutroiler
SeBoa*
itmtlnm
Bet*d«to
Afft- hr ba*flc
m s w m n as of vm wBm 5i#i9i6,
Issued to
Batik (Hm\
Beiaaned to
destroyed at
5
9,160,000
192579000
8,500,000
6629000
467,755
190569000
10
6,120,000
690,000
7,440,000
776,000
289,910
796,000
20
6,400,000
265,000
5,440,000
265,000
152,510
990f000
60
400,000
50,000
160,000
50,000
2,400
220,000
400.000 _
40*000
5.600
80.000
896,956
5,120,000
;oo
24,500,000
2,502,000
_
S&0.000
£1,860,000
2,002,000
nw m m ** s m m ?* sons issued *o %mc m cos®
Cost of F,m*otea leaned to Basils Hot. 16, 1914 to M l* 81,1915
10,701*27 A*t, issued 14,000,000
*
*
*
*
* 3m «l9l&l& to Doo.31#
1916
fetal cost ctiarged off
38*567.55
Amount of notee destroyed at ia*h« to Ded.31,1916
"
•"
*
*
unfit notes hold hy Agent
*
*
9.866.06
11
* saak
-
•
total41
7-680.000
21*660,000
695,955,
500,000*
«
Balaaoe of notes fit for turn on tillch all ooats hare bean paid
M
x
^
m
19,284,046*
In addition to the sew Federal Reserve Hotea received iron Agent; daring 1916
there was a reissue Of v£,000,000. making a total of v$*880,000. for the year*
As soon
aa new notes axs taken from tfre Agent the fall cost la charged i Expense at the rate of
#56.04 per thousand sheets of notes,
fhis rate will lie la effeot txntll we have used ap
our original order of #30,000,000.00, the ooat an further preparation of notes feeing at
the rate of | 34.57
per thousand tiseeta.
^
IMiaftmaita
for
for aonth of Deeftf&ar
Statu of XtaiKa**tfc*
lam ef Dm * ..............ri
T in t Bsiion&l
*
*
•
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•
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ft
•
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first
•
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ft
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»
»
•
*
JtalWQtt *
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first fetleo&l
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fir»t
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•
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f&rm&rn *
QmmAJkmrioam Hat*
ferwurs i Ibnshsnia Bat*
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fQQplm tirni Satlonal
ibtltiMA f^rryim
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Ssrehants I&tlen&l
kmri$m Wxttvml
#• lip+^ksM
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first S»tl«nfcl
f«U * Mtlam l
first national
•
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JMtoi*
Jtatoj
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fttirtfi#H
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ffelrnettt
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tjtarrin*
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feef%®ad
Sorthfield
m it u
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flaferrttir
flag
§t*Ca*&rX«»
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it «niitti
frmmm
ifclln
w ne
fhantta
fiiim r
Ilnthr«i>
1916
M
.$ # * •& ....
M tM B
I4#T W 4 I
44#l 9 M t
fur Jaauarr
X4#4ttMM>
3|9riJ9
$sm *$i
m sm * m
w +m %m
u ,m < m
n tm * m
i ,370,00
f4#m #S4
S9#U1«10
a#flM#9D
i#Mt*43
If,4S*,34
5#0f5.00
4#24g.S4
£6*363.0,
■
---9y«*M»
iM
HkdftkJikdflfc
«i^SyOwy
X5#9TT*a6
TS3JW
IJ U M
w ,m « m
4,er«.oo
9#&U M 2
fS#U8«40
i*16§*90
63#m * M
r#m *a i
as#a95*ss
3QQ#700*00
3#03S*$3
lf#30D.QO
13,733.61
«1S*28YU3
1#T36«0O
417*42
10#U8«34
42#3S5.53
S0O^ c0D#(3©
OT,CM«t4
3,1#5«9D
10,W *5S
18,414.63
z i ,m 9u
E,IOfi3i
JUUUBL.
1/603/742
S 8 i'S r i.ii
8 miAA mmA14* Jk u * iMiykMtoik&ii AJl) tW^k^ajSiMflhkmm 51( M A
fl86LlWpOISQfl$8
Xttf H O A w CUT POQWiP^iif JJWs®*
s'or *tate of gorthflalcota^
■ "‘ T
Firs* Hatioml
m
m
n
«
If
«
*•
#
* 01* ttfciooal
First
i#
«
tailoa
Firat
*
*
M
*
*
BrinoMSids
Crosby
B* 3*l*rl*v
FORM
Hops
m rthsm
liariota
Igsdlna
30
V 6986ft»fi8
8*698,69
8*169.76
2*169*75
vrfm .4 6
u jm js *
n j m .n
11,311.24
84*610*40
86*000*00
Uso&sr
i « na Aft
mmm ^ W m k ^ ^ r w
Farasrs
national
F irs t Satioaal
#
«
Fort Pisrrs Sit*
dPdgoiy S i t l m a l
M m Preston
Arlington
Colnm
Doll ftajkids
%NI
Fort P&srrs
oregoqr
ftsqplos Batioaal
sot s^riat*
FS^st national
SMMfeMMI
ItUb&xfc
SitOhsU
Kitohsll
*
3»st< m
First
?&3*ixt:to& $prla&*
F irst Bational
Jsn im n s
lawaers Sat loam
First Bat tonal
«
«
oogoblo national
Sl&nMQf
tftewasvilis
7*987*46
6*683*67
8*968*68
ttoAloooumts
for fleasatoar
2*166*76
4*977*00
6*666*76
7*168*88
24*610*40
♦>5,000.00
13,104.20
68*698*88
4*617*01
6*956*69
l l f106t97
St! » f9l
$fH M I
18*660*75
1890 * 0 .6 8
8*287.62
41*082.80
24*»8.CT
37*817*46
10*186*09
8 0 ^8 1 8 ,6 0
16*666*68
67* 817*46
lfJlU l
486*44
860*00
8*944*67
1.332JM
6*647*61
80*000*00
80*000*00
Condition of
FEDERAL RESERVE BANK OP MBfflEAFOLIS
At close of business, December 30,1916
RESOURCES
Bills discounted - Members
Bills bought in open market
Mswber batiks collateral loans
investments - Municipal warrants
tihited States bonds on hand
Arenium and Discount on tifoited States Bonds
Ihterest accrued on Uhited States Bonds
tftiited States gold notes
$
Pec. 30 . m s ,
Dec. 31.1916,
1,651,982.75,
6,199,999.56^
333.200.00^
559,604.72 •
2,442,540.00J
36,547.65v
15,607.73^
700,000.00v
1,244,615.71
477,806.40
916,986.70
1,328,820.00
Gost of unissued Federal Reserve notes
Furniture and equipment
Expenses paid in advance
16,295.18x
59,274.19v<
1,250.00^
38,634.12
54,159.64
Expense current
Commissions paid
Expense- organisation
57,896.56 -
59,682.11
819.48
21,738.04
4,390,694.20
m
we
Due from other Federal Reserve Banks
5,598,997.07y
Due from member banks~Overdrafts
2,972.41"
Due from banks and bankers
540,006.56 V
Checks and other cash items
205,172.30*
Deferred debite (Transit account)
2,641,779.34*
18,600.00V
Yational bank notes and F. R. notes of other banks
Ftoderal Reserve notes m hand
2,374,585.00^
Miekels and ccnts
5.47 V
Gold settlement fund* credit balance
Due Cram Treaa.U.S. Kedenp.Fttnd(F.R.Hotes)
Gold bullion end coin
Gold certificates(including C R certificates
Silver certificates
*
** *
w
Legal tender notes
"
« «
«
Silver coin
TOTAL RESOURCES
8.945.00
868.390.00
75.95
7,064,000.00^
30,000.00\l
900,487.00^
7,839,150.00
72,882.00v
105,535.00
v
1.130.00^
37,545,359.68
4,555,000.00
30,000.00
470.508.00
2,246,790.00
5.291.00
1C,050.00
16,535,006.35
LIABILITIES
Capital paid in
Capital -suspense account
Broflt and lose
Discount earned on bills discounted-Meabere
Discount earned on bills bought in open narket
Interest earned on investments
Interest eamod on tihited States bonds
Sundry Profits
Discount and Bremium on United States bonds
Unearned discount on bills discounted—Members
Unearned discount on bills bought in open market
tttearned interest on investioents
Difference aooount *
Government Deposits
Due to other Federal Reserve Banka
Due to © e m b e r banks
Expense checks
Cashier's cheeks outstanding
Withheld for Federal fncorae Tax
TOTAL LIABILITIES
Total reserve carried-
2,608,900.00v
800*00*
1,572.69v
39,343.46^
40,675.75 *
16,397.39v
40,998.46 *
21,169.9RV
2,540,550.00
800.00
42.92S.S8
21,600.28
7,069.14
4,078.11
22,534.74 v
U , 218.4122,314.31
2,737 .76v|
3.97V
886,437.51v
4,347,156.58'29,477,242.00^
2,395.84 m
3.284.61v
_______ 176.26 ^
57,545,35§.0n
18,471.70
8,491.68
26,840.88
18,868,362.24
1 *8 2 2 .2 0
16,535,006.35
•87.9J5
/
I L
AUdit OTj,
C
T
@FedFRASER