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January 12* 1920*

To tho Directors of

Federal Beserve Back of Slinae&polis *
Gentlemans
I
submit herewith the Auditor’s Annual Report for the
year ending B e e p e r 31* 1919* Monthly audit* have beea made of
the various departments of the Bank as far an possible, continuous
audits being kept on several accounts, particularly the ©ash and
securities la the Reserve Tault*
Audits
ed as per Beport
that the worfc of
irregular nature

for the month of December which have beea performof Proofs and Verifications herewith, disclose
the Bank is naming ss»othly with nothing of aa
to report.

Admittance to the Reserve Yault may still only he had
an officer of the Bank and the A lito r or M s representative
are present* the officer holding the key to the grill gate sad the
Auditor or M s representative the oombiaatloa*
iA m

Adsdtt&nce to any chest ia the Bank Division of the
Reserve Vault is possible oaly whea three are present. The Governor*
the Cashier and one Assistant Cashier hold the tipper cosibiaatioas,
while three Assistant CasMers hold the lever combinations with
exception of the lever combinations oa five chests, wMch are held
by the Collateral Custodian.
Admittance to the federal Reserve Agent's Division of
the Beserve Vault nay he had only whea the Agent or his Assistant
is present* fhey held the eonhiaatioas to the grill gate* while
the CasMer and aa Assistant Cashier held the key to the gate lock,
fhe lower combinations of the various ehests is this divisioa are
held by the Federal Reserve Agent aad his Assistant* wMle the upper
combinations are under the coatrol of the CasMer and an Aesistaat
CasMer*
In making the Audits of the Bank during the past year*
your Audit Department has followed the ^Method of Procedure’* outlined
ia my last aanual report* TMs procedure had the endorsement of
Mr. Broderick aad Mr* W ill, Examiners of the Federal Reserve Board,
Washington. Baeh am ber of the Audit Department, at the outset* was
givea a copy of the outline for M s study, guidance aad criticism la
performing the audit work. Xa some instances it has bee a accessary
to aaend the outline ia order to meet changes la accounting methods
aad sake our a&dits more complete* but* oa the whole we feel tM s
procedure has been the means of developing for the Bank a well organised
Audit Department* also aa effloleat system of Auditing.
Tours v ^r^ truly.

tWLsM?/




Acting Auditor^ ^

IISKX
X*
2*
3#
4#
5*
5*
5*
6.
7*
8.
8.
8.
9.
10*
11*
12,
13*
14*
15*
16*
17*
16*
18*
19*
-21*
22*
23*
24*
25*
26*
27*
20*
28*
29*
30*
31*
32*
33*
34*
35*
37*
42*
43

Comparative statement of Resources December 31, 2.919
Gow^rafeive statement of Liabilities December 31, 1919
Monthly Report of proofs & Verifications - Bank
Monthly Report of Proofs & Verifications - Fiscal Aganoy Dept*
Proof of Bills Discounted Members as of December 23, 1919
Proof of Acceptances Bought as of December 23* 1919
Proof of united states Bonds & securities Owned as of Dec* 31, 1919
investment Operations during month of December 19&9
Balances Due fror other Federal Boserve Banks - comparative
Average salanoes Due to Member Banks Rosorve Account - Ccomparative
Balances Due to Member Banks Be serve Account -By states~Comparatire
Due TO treasurer of tJnited states i- comparative
capital Stock and.Dividends paid - comparative
Warnings for December * consparative
Expenses for December - Comparative
expenses - Agent* a Department
Expenses - Fiscal Agency Department for neceraber 1919
Batpenses - Liberty Loan, war pavings* and war Finance
Transit Department Disbursements & service Charges for December
i'ransit Department Report for December 1919
fwin Gity clearings for December
BQad Issues During the year 1919
Bonds
Hotes Received for Conversion during 1919
Bonds & Notes Delivered during 1919
united States Certificates of Indebtedness issued for Tear*
Average B&rning Assets and Bates for December*
Gross gamings by Months for Year and Averages
Gross aiid let Sailings and Expenses by Months
Average Holdings of learning Assets by Months and Bates thereon*
Profit and Loss Account
salary statistics - Fiscal Agenqy Department and Bank
Furniture and Equipment (Including vault)
Reserved for sundry gspenses
Gold Holdings of the Bank and Federal Reserve Agent - comparative
Cash Record - Bank
Cash Reoord - Federal Resorve Bank notes and security Held Against same*
Cash Beoord - Federal Reserve STotes Rec*& froa comptroller of Currency
since opening - issued* Reissued and Destroyed*
Federal Reserve lotes held in cub~?reasuiy at Chicago* ^shington and
in transit from Washington*
Agent's 7&ulfc Record * Federal Reserve lotes and Gold Held
Acceptances held at close of Business December 31* 1919
Rediscounts Member Banks - By fm m and states
Bill of Lading Drafts Discounted month of December 1919
Member Banks collateral Hot is in Past Due Accomt




CO£?APi?IVB SSASE5BIB 0? BESQtBCBS
FEDJSHAL HSS5KVK BAIK OF illHlEiPOLIS

1919-1918
Deo. 31. 1919
Gold Redemption Food F.B.Hotes
( Board
Gold with F.R*Agent ( Bedemption Fuad
{ Minauapolia
Gold Settlement Fund
Gold Bullion and Coin
Gold Certificates (Incl* G.H* C tfs .)
Gold with Foreign Agencies,
Legal Teader 2lotea (lacl* 0*11* Ctfs*)
Silver Certificates flncl* 0*11* C t fs .)
Silver Coin,
Nickels and cents,
S per oeat Fund against F.B . Bank Jfotes
F .B .3 . Not«s (scoured by tf.S.Bonds) on Hand,
Federal Seserve Motes on Hand,
Mutilated F*E* So tee Ford, for lede&ption,
Hfctional Bank Notes,
Federal Bes*rve notes of ether F.B* Banks,
umasorted Currency,
transit items#
Checks dud Other Gash Items,
Sxe&tiages for clearing House,
Domestic Transfers Purchased,
Bill of lading Drafts 3efinite-aaturity,
Bills duel* Trade Acceptances) discounted,
Member saaks* Collateral Botes,
Acceptances (Incl* Trade Accts*) bought,
Bedisoounfcs for other P.E*Banks,
individual subscribers*
Other 0. 3. Bonds,
One**year Certificates of indebtedness,
Other Certifloatqs of indebtedness,
One-year Treasury Hotee
interest accraed on tj,s* securities
Expense Cwrent,
Disbursements, liberty toan Wo* 3,
Disbursements, Liberty Loan SO* 4
Disbursements, Liberty Loan Ho* 5
Disbursements, m v Savings#
Advances, War savings and L .L .
Fiscal Agent General Stresses,
3&r Fisanoe corporation (Bxpenso)
Furniture and iquipment,
Deferred charges,
Div* loot, Inol. I»reis* on Surd. Stock*
Difference Account
Bank premises.
vault Account,
C. of 1, Disbursements
IOTA I, aBSOCBCKS ...................................... ...




£05,448.00
19,800,000.00
2,994,605.00
13,062,000.00
4,872,374.56
2,099,845.00
6,175,430*00
3,545,645.72
48,730*00
14,669.00
1,350.00
10.75
400,350.00
87,925.00
896,665.00
359,250.00
36,890.00
M l , 385,00
134,600.00
20,415,770.00
195,414.11
1,945,609.22
1,136,265.19
§,@00.00
53,997,048.00'
19,854,543.69
12,699,452.47
115,561.00
8,480,000.00
79,271*98
298,477*19
119,98
1,033.01
80,896.28
2,508.90
28,543.43
93*26
1*00
7,685.42
92,353.86
5,069,20
600,000*00

Deo* 31* 1918
4,948,850,00
50,868,410*00
23,774,414.92
2,172,390.00
6,150,720,00
233,154.97
38,620,00
33,055.00
1,170,00
10*85
236,200*00
463,454*00
1,813,495*00
340,195.00
375,135.00

8,388,299*82
260,988.02
2,068,841*15
2,031,500*00
77,064*74
2,684,073*91
3,535,450*00
17,993,757*63
30,374,855*00
4,970.00
115,560*00
4,350,00).00
266,500.00
530,000.00
16,659.09
318,336.24
16,876.35
122,816.54
10,520.45
12,000.00

1*00
2,878*74
86,674*41
992*10
29,500*00

18,699.21

176,227,389.51

169,746,788.93

1

canm MfiVE m s m m ® m m s m f i i s
w w m i z m s m m u m or m m m m t m
i m - 1918
Dec* 31. 1919
Federal ieserre sotes outstanding
Fed* ids* Bfe* Hotes (secured by 0*5. obliga
tions) - Outstanding,
U. s . Treasurer - G tsim l Account
M essrs - Beserre Account*
Foreign Gorerznaent credits*
loosentoere - Clearing Account
Cashiers* Clieeks,
Sxpense Checks,
Federal Beserre Exchange Drafts,
Federal Beserre transfer Drafts*
Gold settlement Fund - suspense,
Gorernaeat Transit items,
A ll other transit rteas*
Coupons, Ownership undetarmindd,
Beserred for sundry Expenses,
Dividends Accrued on Sew stock
Capital, Baid in by Members,
Surplus Fund,
Profit and Loss*

Discount on Bills Discount ad,
Bills Purchased*
interest on tJ*s. securities
Penalties on Deficient Reserves,
Do&estlc Transfers Bought and sold set,
mscellaneoue*
interest lam ed s/ l Drafts
Discount on u*s# Bonds*
Unearned Discount - Bills Discounted*
Acceptances Bou^tt,
TOTAL LIABILITIES
Ratio of Total Beserves to cosfcined let Deposit a ad
note liabilities . . . . . . . . . . .




Dec. 31* 1918

88,442,605.00

98*724*410.00

8,288,000.00
513,187.11
53*827,751.78
1,951,939.52
115*000.00
183*543.00
5,351.62
4*088.25

4,632*000.00
5*191*471*43
48,825,966.37
15,500.00
294*189*77
8,323.60
2,121.10
63,000.00
1,101,434.14
156*074.87
5*726*619*55

6*087*509.78
197*856,45
7*976,836.89
2*364*82
18*813.39
1,173.75
3*073*950.00
2*319*401*04
100*484*16
1*070*128*60
448,447.84
91*894.86
14,565.47
28,629.73
1*269.03
244.02
53*610.82
363,889.95
44*652*63

2,931,200.00
37*500.00
428*804.48
1*175*998*09
106*410.39
30*116*52
21,697.86
51*920.60
4* 713*26
2*692*32
47,430.48
95*610.65
59*491.37

175*227*369.51

169,748,788.93

39*5$

14*092.08

65.8$

M OKm r HE?Oa3? Ot PBOOifS M D YEELFlG&TiOm if
fss AU33IT W A B S O T f Of IBB tf&JXE&AI* M88SBV&
MM. Of 1&NNMPOU3 fOl fHB I M
Of tiaftmaieii ifif
Date of
Proof thia aontii
m M m jM m m m
Bills Msaounted • Bftnfeoro

Member boa* collateral notes
Aooeg^tanooa
a»oJe*a Investments
m em im or Blaooaat tr*s#3oouritiea
Accrued interest U* 3* Securities
QASOf
aWW
Boaorro oaali
Paying toller*a oaah
BooelTing tollor* a cash
Money tollor*o Atwtb
ffoto to11 or♦a department
Rodanip tlon land
M UBSIg iXD 00LLE0BXQE3
SipBdtongoa for *t%^wrli^fp Imshmni
C&oolsa and othar oaaH itoms
Hold otor mail l t m
Q O II.SQ glO M a^^g
*m froiD forolfa ioooonta
Dao fran aifpi^iBp
nctB*®beiIniz*
Bao from or to teranohoa
Boo free l^odoxfal Roaorvo ianlai (Boforrod)
ju s m L A s m s .
Iitrtfflr
Stook Oartifioatas
s^o a is a
Bao to foroiga ioo<mta
Bao to Haat^or b « k 3 t loaorvo

Dos to Korabor banica* Deterred

SOriM# fl# AOOOtmta Of toalMW* hmlm
not n s ia il l 9 l daring month
Jmmmta with £*B#Bank reconciled
(foTdttXRMBlt dOpCBl to

W tR S M B a W , « «

O u H d if*! *» i rotura I tom
1ihm1iy»|iw* •» traStllfor and Ot&IOT dl^fts

Blfforonoo Jkmmmt
Ea$anooo * Onrront
**

Deo* 23
«
20
w 23
*
29

Bally
t«

Hot# 12
"
12
*
12
«
14
Bally
tt

Oentixmoaa
Boo* 10 k 29
"
10 h 29
”
10 £ 29
HOBO
Weekly

Continuotta
nor* 3
•
3
»
3
Kona
laokly

Boo. 17
Bally

Hot# 24 * hot* 25
Hono
Bally

Boo* 31

HOT* 25

O^atlnxiotui
Kon
Boo* 4
19

3Gml-rnonthly
Daily

t M m m .M m % m m t

Nona
mot # 4

aaai-oionthly
Bally

«»
19

Postage - Parohaaad

M o r a l Socorro lotea
Qold and lawful aoaay k»3&
Cnatodiea for 9tii«r Beaorfe Bazika or Agents

Bally
Bant
Jsfoms

Oontiimoua

"
- Saak* a Investments
n
• l'raaafora bought and sold
Penal tioa on dofloloat reserve*
unearned Iataroot on aa»&#« inToetmenta
*
dismounts * M ila discounted
**
•
m J&04$>tanOO3
lacomlaff otirreaaar ahirtaenta
Oatgoiag
*
11

Ho t # 8

Bao# %l
nm e
Baily

■* llbftpty V H*U
ft

** *» §&
tt MV
»
- internal M m m m Stands
Sorniaga - B lU s di amounted

js s s s a im i s m &

Boa* 30
« SO

Baily
w
«»
**
t*
Deo* 30

«
£3
w 30
Bally

Continuous
»»
*»
SOT* 24

** 24
Soso
Baily
«
n
»
n
HO*. 26
t»
If
«
£8
Bally

Ctontinuous

Continuous
«

Boo* 9

loir# 4

Continuous
BOO* 19

Continuous
HOT* 24

«f
nm e

m m m aLm
Itana feeld or ia ooarao of oolleotie*
Securities hold for member baa&a safekeeping
Sfeoorr* Yoolt
Collateral dago
Securities held for other £*a*Banka

Branch
audita by


Jiwtitor o# *nk

none

fiscal &0!»fs i m & m w m

uasmax .auon m moovs am vminmiom m fm jmm mkmmm m

THE f m m i BBS8STB BOK OF Kim tPOLXS FOR f M MOBfB 0T BECMMB X9X9
Bate Of
prwiadlne proof
m o t ttta Month
GA.SH

Received aooount sate of Bonds
*
a/c sale of cart* of indebtedness
•*
a/a sala of War savings stamp*
Baa*ip*a dieposited with freasurar* u.s*
I test held in sazans*
Uapai d bel&noes
S O T O fflM aPOBlg. M I U Q I
Duo from depositary banka
interest on *baxOc balances
Collateral held as security -By Bank
-By cuatodiaas
verification sent to depositary banks

Daily

Depositaxy balance
interest on balances
Collateral hsld as security - By Bank
Reserve Banksoown temporary oartif ioat as
Tar if ioation sent to depositary baitas

Bov* 7
Bee* X2
"
SX
«
29
Riov* 26
Continuous
Boas B3T custodians Bone
Daily
Continuous
Sept* 24
Sept* 24

Collateral hold as security - By Bank
- By Custodian*

Continuous
Bona

Bov* 26
K0 ®

Securities received for conversion
Seeurities on Band
Conversion saouritias delivered to subscribers
*»
"
raturaad to Washington

Daily
Bee* BE
Daily
it

BOV* 15
"
5
Daily
Oct* 23

Bonds reoeived from lasfcington
*
delivered to Subscribers
«
on Band
*
raturaad to Washington
Certificates of Xndsbt* rac’d from Washington
**
«
«
4&lv*d to subscribers
"
*
«
on Band
«
w
if
ratumad to lashingten
Stamps received from Washington
"
on conslgnsent
*
Sold
"
on land
«
raoaivad from postof floes
*•
raturaad to .yashiigton
"
destroyed
interim Certificates rec#d from ^aShisgton
*
"
delved to subscribers
"
"
on Band
*
H
returned to .^shingfcon
Beturn Signed receipts checked for Bonds
"
«
"
«
*
»
Cert, of Indabt*
«
«
n
*
n gtajqpg
Exchange Bonds received from .vashington
*
"
i«
« subscribers
*
«
delivered to subscribers
*
w
returned to Washington
"
"
on Band

Continuous
Daily
Dec* 22
D&ily
Conti nuoni
Daily
Continuous
B&iXy
Continuous
Oct* 2S
Daily
Deo* XO
Continuous
Daily
Continuous
n

codtinaow
Daily
Bov# 5
Daily
Continue?*
Daily
Continuous
Daily
Continuous
Oct. 29
Daily
Bov* 8
Continuous
Bov* 6
Continuous




*t

Daily
*1

It

Bee* 6

BOV* 27

Deo* 12

BOV* 7

Continuous
None
Sept* 24

*
29
*
U
mm
Sept, 24

» sx

Daily
it
n
Continuous
Dec* 22
Daily
H
Dec* 22

w
Daily
*»
n
Continuous
BOV* 5
Daily
»
Bov* 5

4

..(Tartfla*
..msmaa of Daaaartwr 23, 1919)
Mamfear Bank Oollataral Loans
*
11 Hadiaa«mt» m band

| It ,274,293*69

# 45,609,356. S3

m l i» f (M K k> ^

.......... ijAMattiiffl___________ M i a Z ^ R i M .

......................... .............................. ... . ...............................

67,902,144*19

____m i __________ till___
2tol2y avarage amount of Badisaorats f**a Members
Avaraga rat« on Badiaaoimta fro® iaaeaiara

41,619,575*
4*376#

31,1&0,400*
4*733#

(Varifiad as of Daoambar 23, 19191
A d 9^tm »«i oa hand

# 12,060,786*41

out for ooiiwuai

_________ »j& jb u u k l _______

total . * . * . • * • • * » • . * . * * * * . • • • • • * . * • * * . • *
_____ jm

Daily sm m m smmt of aaaaf laneaa beld
Ataxage rate aarnad aftar pacing ©onraiaaion

14,718,999*73

______________ m & ___

20,729,936*
4*275$

4,790,200.
4*331#

UBIfSD SIU2&8 B0ID3 MB 3B0UHITIB3 01 ffAtgn 4W 1 irer.T* XIST
WA3HISCJOT if CLOSE Of gggglfflgS DBOEMBKa 31, 1919
%j* Bas'd* Tmmrn Oaaal Loaaa Baada 1906-1936-1938

a# •
*
*
w
8# Goupoa, U*S«Ooawr3i0a Boada
8#
«
*
*
"

260*00

19 11 - m i

soo*o@
3,200.00
1X1,600.00

1916-1946
m WM?

2# U.3.Trea«uary Carts* of ladabta&aaaa {iiaturing various dates ndthin aa# yr}

to aa*m fladaral Bssarr* 3aak Hota Circulation
Post Batad Mbarty Lean Sl^efti oarriad at tba nominal valuation

of

.

8,480,000.00
1 *0C:

f0£4L . . . I ..................................................................... * • • ....................... .8*398,361.00

J m ________________ M

BaHjr Averaga amount of fltaitad States Saenritias
Arar&ga rata Sarsiad




8,688,397.
2*473#

,„ j

3,§23,700*
2.999#

m rntm m s tm m 'sim s w r w q she moot of ibosmber 1919
BBSPOaSBD BY 7BB FBJffiBAL HESBEVE BOSH OF HXHSEAF0LI3.

1*

Bills discounted for member banks

2*

Blacounted paper acquired frosa other Fed# lies. Banks

3*

Bills bought in open market:
(a) From banks & dealer in own district
49 ,415 *$3
(b) From banka & dealers ia ot?i»districts
(cj For oar account by other F* E* 3anksl.498J&69>11

4.

Open aaifeet paper acquired from other F* K . Banks

5.

Bill of UOting Drafts

$ 95#743f301*96

1,547,934.64

5*600.00

6* O# S-* Bonds bou^it
7* U . 8* Beads ta&sn under repurchase agreements
5,548*600.00

8 . U* S* Certificates of Indebtedness bought
9*

10

.

0* $ , Certificates of Indebtedness taken under repurchase
agreements
fOfAL BISCOUII^S ABD OPEN MARKET m m m :M ....... ............. .................... 102^046 J£3g*S9

10#

U* S. Bonds sold orredeessed

11*

U* s* Certificates of Indebtedness sold or redeemed

£t44St500*00

sosalu* s. securities aois oh m s m m . . . . ......... .. . . .
12#

S t4ft8#800*00

Acceptances bought for the account of other F .E .
lamb©r of member banks in district at end of month
Somber of member banks accomodated, through the
discount of paper during month




922
270.

6

m u m r n mm m m om m fsbbhai hssertb m m m i f close
OF BQSISBSS DSCEMBEB 31, 1919 and B O I E

Federal Beserre
Bank of

Due From
Dec* 31* 1919

Boston
mm Xork
Philadelphia
Cloreland
aichraond
Baltimore (Br« of Bichaioad)
Atlanta
Hew Orleans {Br. of Atlanta)
Chicago
St* Louis
Little Bock {Br* of St.Louis)
Louisrtlle
*
*
Memphis
w
"
Kansas City
Denrer {Br; of Kansas City)
Ctsaha
**
n
Dallas
Si Baso {Br* of Dallas)
Hoist on
*
"
San Francisco
Geattle (Br. of san Fran.)
Spokane
**
*
Portland
**
W
salt Sake City
*

137,839*06
2,800,712*99
292,174*59
61,717*15
10,418*39
6,421.56
6,033*40
2,922*59
8,004,020.66
99,195.37
16,415.50
3,864.72
1,457.59
362,821.55
57,978.45
368,320.05
106,503.00
13,215.38
23,841.77
177,847.50
174,378.90
88,609.13
51,809.79
64,501.26

TO'EA.L • * . . * • * » • « • » «

12,933,020.35

31, 1918

Due Fron
Dec. 31* 1918
106,018.56 (Gr)
105,255.37 {Dr)
392,587.68 {Or)
9,219.75 {Br)
213,560.16
Opened June 3, 1919
7,732.14
Opened Apr* 1, 1919
4,350,436*87
23,514.43
Opened Feb. 3, 1919
"
Feb. 3 , 1919
*
Feb. 3 , 1919
258,377.55
Opened June 14,1919
*
June 14, 1919
266,419.13
Opened Hay 17,1919
** Aug. 2,1919
55,173.20
26,866.31
37,938.52
53,090.53
52,053.50
4,961,031.22

Detailed statements of all balance* due from other Federal Beserre
Banks as of December 31, 1919 hare been compiled by the Audit Department fear the
purpose of determining whether or not all outstanding Items hare bean accounted
for In the Gold settlement Fund of the Bank*
fhe credit balances shorn against the Federal Beserre Bank of Boston
and Philadelphia under December 31, 1918 were caused by those offices transferring
for our credit through the Gold settlement Fund on December 30, 1918, amounts in
payment of their rediscounts with us, particulars of which had not reached us in
time to cake offsetting entries prior to January 1, 1919.




7

MXLT AVER40E JESBEB BASK BAU3CES BT MOUTHS
M

1119
January
February
March
April
May
Jtmo

M

“

1

9

1

8

1918

48,237 M
48,114
49,376
48,938
48,681
51,187

m i

38,965 II
39,126
40,327
41,334
39,096
37,848

J u ly
August
September
October
Noveaaber
TlttMAnikAto

D a lly AT«rag« B a la n ce s t o r year 19X9

"
"

n

o

n
xn«
(Increase)

55,424 V
30,803
33,003
S3f195
32,443
a , 8X9

1918
38,793 V
33,283
40,814
31,321
47,898
47,883

$ 50,945 V
41.887 II
9,55fi II

MKKff-JR BANK HBSEBYE R&iAHCES BT 3fA*B3 CL03H OP BUSIHE33
.

m s .

Michigan
Mioaesota
Stontana

2,339 if
36*544
6,018

Balance M A m

m ijz jm

M 3L

ia a

2,008 M
n *$w
3,839

M* D atota

3. Dakota
Wisconsin

by Qaneral I«*dg«r . .

4,439 *
8,81*
■ ju m l.....

4,610 8
5,300
1.T6T

im s H u i

n .iB > «

4 *>irt a

M I L T AVl-'RAGE BAIAHCKS DCS 5RKA3DRBH OF OTXTED STAfSS BT H0HTH3
.I S llr O M

1919
Jantjary
February
March
April
JSay
June

5,540 11
6,334
9,313
2,334
3,328
3,338




1919

1 M
9,288 X
6,778
6,789
3,368
10,109
6,059

«miy
August
September
October
November
December

Daily Average f o r y e a * 1919
«
»»
«
•
1918
»
t*
"
" (d ecrease)

4,859 II
2,833
1,132
2,268
2,381
2,319

1918
8,348 U
7,412
14,979
6,984
6,139
6,781

# 4,032 11
...z j m j k
3,863 M

8

as

W M k

3tat»

tiMMnaw-p 81. 1919
lo. of
Stools hsld
BaaW

_ Peooalwr gl. 1>18
Bo. «f
atftdic hold
Bart*

Gain
aain
So. of
3toek
B an*
hold
far yr* for yr*

SottO. BIT*
Paid to
1^81/1918

M r . **IA
turn l/lat
to 6/So/l9

9iv» Paid
from m let
to W « / »

Total Dir.
b U to
flao.81,1919

m » M 0.

86

149,880.

B

*8,660.

31,942.16

4,880.00

6,168.00

41,988.18

We

1,767,760.

822

1,704,800.

13

83,660.

888,804.26

51,747.00

62,182.60

442,688.78

JfenbHfc

186

438.460.

148

898,800.

20

40,160.

68,091.18

12,647.60

18,168.60

98,792.18

S . IM M ft

177

294,808.

171

286,800.

6

9,000 .

69,800.81

8,772.00

8,844.00

77,118.81

3 . ttvlfiOta

144

281,960.

127

264,660.

7

27,400.

60,444.22

8,126.60

8,458.60

67,028.22

WlBOCnaln

62

148,900.

49

138,800.

3

10,100.

40,768.76

4,316.50

4,467.00

49,641.26

fO IU , . . . . 916

3,073,960.

881

2.931,200.

64

142,760.

689,641.40

90,337.80

92,218.60

772,097.40

KloMepn




a

Dirldazida moors rad frat Meatier Banka in Internet aootuad on ttapltal Steak AoaaaaX tor sear w ttttt to • • •

$8,066,97

Dlvldonda paid oat to Ifeabov Banin* on atooit aunradMMA during tho yaar anountad to ............................ ...

687.18

Nm total paid in Oapital Stock o f tba Bade at sloao of business Dacaabar 31, 1919 was $8,018,960.
by 916 Stook holders against §2,931,200. held, by 861 Stscjf teldora at tha oloas o f taoinoaa Daearabar 8 1 , 1918, aalclqg
a net gain for the joar 1919 of $142,700. by 64 banks.
tha re n o n 17 banka who radnoad thalr Capitsi atook to tbo aacnnt o f $17,700.

bold

mwmm m ras mmmi mmm mm or iraim ious
901 fHE HOWTO OF SECBMKR 1919

fotal tor
fatal slue*
Same Period
___ iwrtfe-...... l a t a i L m ? ....... llilt
Bills disco uated and bought*
BiXl« diseoTmted-Meinbera sad F*H*Banka

267,799.10

1,070,128 .*0

1,176,998.09

Bill* henpit la open market & 9*B.Baafcs

64,456.01

448,447.64

106,410.39

Investments*
Ualtsd Slate* Securities

14,689.46

91#894*66

50,116*52
*

*

Municipal Warrants
fraaafar* - Het Earnings

6,010.44

28,629.73

51,920.60

Deficient reserve penalties (iael* interestI

3,689*78

14,565*4?

21,697.86

244*69

1,513*05

7,405*58

357,090*48

l #«85#17t*55

l f8tl#®4i*04

Sundry profits

m

K&HSX1&8 .................................................

jggggggyygg^

Cost of F.R.Currenejr (payments account a n
iteta* includ. •jgpressa(ge, insurance, e to .}

Total alas.
Total aa atom
M l ..g ft&m JP .t. SA
52,916.41

Traaaferred to
Expense

« M B B .f f i . l B B .

Cost of Furniture a at fixtures

Total for
706.00

411 other
TOTAL FTJRlflftraB A3D EQUIHEKST . . .

fotal since
Jtftg 1 . 1919

J& a & A L

5,586*28

17,184.04

DiTtdMda m o f m I *100. and of lost dividend period to end of D&eember 1919, £92,218.80




10

0URRERT w m m m of tsk federal Rrs:.m- same op i s i M M m i s , ioskesota

for fm m w m of m m m m . m §
total for

Total since
<JUly 1,1919

Bmm Period
1918

E2PEBSES OF d S M flO S
tem&awmbm a/e expenses F* R. Boerd(t!onthly proportion)# 1,563.70
*00
Federal Advisory Counoil(foes & Trcrvelinf; expenses)
• DO
Governors1 conferences (including traveling expenses
,00
Federal Reserve agents1 conferences(including trav.escp.)
6,161.50
Salaries i Bank officers
39,164.48
Clorleal staff
1*932.73
Speelal officers and mtchmen
$ m *m
All ©then S*trm help
"14®. 00"
Overtime
zm +m
Supper swaey
Directors1 Fees
380*00
90* 00
Per diem allowance
Traveling exposes
198.30
230.31
Officers1 and clerM* traveling expenses
250* 00
Legal fees
1,239.53
Rent
*00
Taxes and fire insurance
IT* MMiSftJKWkM
177.00
619.50
Telegraph
4,644.73
Postage
ihqpressage
77* it
Insurance and presltass on fidelity bonds
1,214*46
2,768.66
ftrinting and stationery
893.68
Bepairs and alterations
820.56
All otto? exp0nflM,n*4«iro&diag exehange paid
Abrasion on Gold Coin
54*32
total m m m s of o r a m o B

9,382,30
447*23
.00
340.84
29,678.40
119,005*30
5,270*18
1*034*70
443.50
806.00
1,280.00
440.00
889.69
3,655*71
1,500*00
7,661.46
71*84
1,244.21
1*828.21
17,167*80
369.93
5,011.86
14,641.82
3,341*17
5,251*37
1,549.16

«HF JkNuA gm.
7,037*77
884.00
9*25
190.00
24,847*48
81*585.95

81.50
1,920*00
480.00
913.44
1*08&*77
982.10
6,164.66
143*98
989.68
1,957.72
21,828.75
4,087.91
4,998*64
9,600.91
1*485*75
8*043.13
1*030.04

# *3 6 5 .1 8

232,782.50

177,811.43

21,475.84
1,009.42
2,941.52

21,475*84
8,101.82
34,272.20

102,858.22
9,146.44

969.40
5,536*25

6*661*09
17,184.04

1,466.66
27,053.49

TOTAL 00EHEST EXPSSSES

95,297.61

298,477*19

318,338.24

Transit Departxaent ©expense included in above

20,758.61

69,602.25

45,453*98

Cost of Federal Reserve currency (including
expressage^inmirance,etc♦)
Miscellaneous charges on account note issues
Taxes on Federal Reserve Bank note circulation
C es% of currency shipments to and fro® ise^ber
and non-member banks
Furniture and equipment




11

crnm m sjotesss
fsdehal rntm m m m
D8Q33BS& 1919
fotal for
Total since
___ISBfe________________Jalj 1.X91S
IS O M

0? (HEiiiMCE

Salaries: Bank Officers
Clerical staff
All other
Officers* and clerks* traveling expenses

2t7S5«96

10,400.04

3,913.©6

6#440*93

-

60.00

•

97*50

Postage

129.7?

413*70

Print lag and stationery

m *e i

1*295*54

Repairs asd alterations

47*70

85,37

536.S2

1.260*35

6,583.12

20,061.63

All other expenses, n.a#including 8scliaztge
paid
WXBAL S 'OCTsE OF O^RftflGil***.* * * * * ....* .* • ....
Furniture and equipment
TOTAL.................................................... ........ .........




___ J&tSSL.... .....
8,676.12

________________, L

f i a

a

*

9 3

,

22,0X2.46

12

m m m s&B m

jcccrkv fiscal m ssm o m u s K m

wii fm m m ,

or

cohpohatioi?, asp capital issues C'/juittee
the m r n m t m m m bajsk of Minneapolis for tut, 2! eth of

DSCSMSEe 1919

Total for
Month

Total since
January 1« 1919.

BSBBKIHSABEB EXFSEDITUHES
Salaries:Clerical Staff
All Other
Officers* and clerks* t*aveling excuses
Publicity
r*ent
Bquip^ent
Telegraph and telephone
Postage, expressage, etc.
Mail Insurance
Printing and stationeiy
He^spapcr and directories
All other e^pense*,n.s*
TOTAL E,<JB5DITDHHS.............

30,879.54
•
907.38
4,534.63
1,117.75
283#20
337.34
144.42
7.05
2,485.73
126.30
543.37

2Jk>,197*05
600.00
41,469.11
133,010.50
15,665.86
6,601.04
27,616.16
30,638.50
84.94
88,344*68
354.42
JL^J>2*82

41,446.81

606*534*07

JUnount reimbursable January 1 , IS*19

TOTAL BISBS3S12ISSTS TO UXZMBlM 31, 1919

756,746*4$

2eln&ur jemcnts received frora United jiatos
Treasurer since January 1 , 1919 including otiier recoveries

627-4&I .24

Total d ism r&m m ts xor Tshich reimbursement
has not yet been receiTdd.«««**««»»«***«t*««........... ....................

Total for
Month
Ajaounts included in above "Total Expenditures1
re iobursableby:
United states Treasurer
War Finance Corporation
Capital Issues Ceexaittee
TOTAL BXJSBDITUHSS <




. . . * • 129,236217

Total since
January 1.19IS

41,435.10
11.71

604,670*76
897*02
966.29

41,446.81

606,534.07

13

Harare m a essehse go jam s? 1. mo
ClaiBlflcatlon_____________ First Loan______________ sacond Loan_____________ Third loan
%id|ese&t
Sxpress & post.
Prtg. & Staty,
Publicity
Best
Salaries
felp* £ Telg.
traveling
Hiso.

4,740*28
13,787,80
5,151*12;
1,564.00
17,514.42
229,96
936*50
1*538.10
45,442*18

hoovered from
freae* Bepfc. . . • •

Cl&esific&tian
Equipment
Express & Post,
S&rspapers
Prtg. & staty.
Publicity
Beat
Salaries
2eXp* & felg*
Traveling
Siao*
hoovered fras
frees* Dept* . . . *
Other Recoveries * .
Balance Bee • • . . .
Classification

.
Recovered fro©
?reas. Dept* * * . * .
Other Becoveries . . .




45.442,18
0

151.821*68
95*191,63
0
211*52
Other recoveries
2X1*52
0

Fourth Loan

Fifth loan

jar savings

3*742,16
3,336.34
801.28
40, 721*25
45,421.91
7,903*39
86,514*29
10,716.75
15,312.27
3*075*07
217,546*71

1,758.09
28,990*78
41*89
33,693*33
58,333.44
3,125*92
66,751*93
20,349*36
19,647*34
2.409*46
235,101*53

5,900*92
2*177.21
389*09
55,303.67
72,873*28
7,156*97
131*767*31
4,635*62
22*653*04
4*903*17
307,759*28

217.033*36
5X3.35
393*37
l i t ^98

233.900*18
1,201.35
168.34
1,033*01

81*664*10
767*82
8Q.te6.2e

JEMMIftiJMfflfll..

Equipment
depress & post.
Prtg* & staty.
publioity
Rent
Salaries
Telp* & felg.
Traveling
Hisc*

4,124.22
6,462*63
5,037*58
2,263.31
22,207*78
24,878*74
13,175.66
24,460*47
2,811*73
4§586*12
35,682*68
60,558*01
3,080.66
7,334*01
3,805.98
16,056.29
5.265.34 .... ..... ......... 5*433*62
152*033*20
95,191*63

Cert* of Ind. m e n s *

249.85
1,722.50
9,467.02
2,894*24
2,454*00
35,280.69
475.41
153.48
306.15
53,003.34

490*60

X6.05
26,845*88

24*434.91
28,568.43
25.00
28,543*43

0*224.19
18,621*69
22.48
18,599*21

2,1X9,45
346*58
682.00
22,568.55
622*65

*5»r Finance

postage.. 8*32
m il I a s ... 129. 59
195.92

475*00
88*19
897.02
803*76
93,26
«**

93.26
4 2 ,6 0 8 .9 0

14

$SAHSIf BSP&KSMEHf* ggDlBlAl, BB3EUVS luigg
0# SOLEKBAPOIiIS, D1SMRSBMOTJS M B SSST9ISB

CHARGS3 K)H THE JS3KIEH 07

191$

$©tal for

*i»oa
flm 3Ur>W

EXPES3B8 Of eFBBABC®

1M &U 4#

83,149.12

414.33

3.492.99

12.00

109*00

7*00

64.00

2,612.29

1U O T M 9

Ias*traace and pmmXwm m fidelity bonds

130*00

1.245.00

Priatiag witA at&t»lcsi&ry

912*94

7.842.91

il l ofchar ia^smsfts* a .a .

13.56

165*68

f o m SXPSffSSS OF OtmifXOI * « . .20,788*61

127.565.63

Salaries: 01«rioal staff
Bant
f&x»* aad fir* instance
£#lGg&08d




15

m.reaftfcL

33

1918




m

m

fo m

J

1

r

»
i*

3

t»
»
i»
«t
«
it
*»
«
«t

4

f e

7691
9590
5164
7688

§

8
8
t
10
11
12
W
18
16
17
18

«

w
«
n

I

f

30
22
33
34
36
27
29
30
31

n
m
f t
it
*t
n
n
«
M

8674
10160
8161
7331
6890
8649
6767
15046
m

i

9173
7176
Jfcr^IP
5163
S249
14359
8781
12696
6143
76S1
228739
\ jU U k M

M V * 'il Nr

iWPPpWF l l l i w

i n

i a

g

S J U

I

w ^ i» a

iva m m m m ,m » .

«iiiiiAWfwna
SaWSS«RBHS* BfiSw

M SE

M

U

n$,f«

jlSSBESS.

M3&S&, J&L M &S&&L
HSbL

6*048*037*44
33176
10*344*003*09
#27309
9
4,205*565*70
31778
5*627*361.00
29845
5*230,611.62
301033
6,855,625.45
31660
6,791,652*17
m $m
6*109*231.74
&X39D
5*437*694*73
31463
33689
6*042*658.96
6,306*686*8?
5,584,311*25
50263
6*788*600**8
31326
6*013*903.97
33837
7*861*016.3
40211
4*969*110*36
6*669*574 *16
33884
35324
6*419*709*43
7,140,4^7*54
87913
2 8 7 2 0
6*652*100*74
4*690*533*05
34433
4*968*300*37
40377
9.452.33S.68
3313®
6*047*704*87
39316
6*443*615*21
37967
4*766.404*00
33993
158*623*510.26
867252
0
i m

•*W ilF^lr>jpt*p^W^..ip'*r Wc* ^ w i P P * r

f i f

J H

3*419*617*38
2*617*779*39
3*142*343*04
3*978*112*18
3,176*707*95
3*031*130*36
3,492*584*92
2*751*246*34
2*690*443*55
2*736*253.93
3*149*379*59
2*476*472*43
4*673*343*39
3*140*572.30
2*183*353*93
3*904*108*33
3*320,143.83
3*3X6*981*73
3*039*227.22
2,452*512*65
2*887*290.27
8*839*744*96
3*101*163.01
3,856*678.27
2*805*159*20
&JL3S>63a*22
80*918,934*78

f e

3163
2646
3 1

g f r

2158
2372
2480
m &

2179
2185
2158
2163
2577
2^43
235^
3887
2750
2876
61169
, 4^.
AT9?ft

Joiamt
2*840*448*86
1*267*733*38
1*363*673*38
1,874*230*52
1*474*931*35
2*087*433*3
1,015*360*33
2*008*187*53
1,167*775*42
1*962*304*31
1,956,494*02
1*883*874*93
1*788*386*91
1*304*684*30
1*129*475*13
1*893*088.85
1*818*976.30
1,530,128*04
3*852*172.05
1*533.121.89
1*296*167*59
2*300*639.00
2*280,686*60
2*868*369*68
2*838*924*87
1^841.850.19
47,130*245*87
855.427*69
47,975.673*56

M

m

a

k

3
1
4
6
4

80*000*00
100*000.00
153*932.01
m *000.00
38*000.00

1

10*000*00

2

49*000*00

1

10,000.00

4
3
9
4
1

105*000.00
38*000,00
88*369.06
86*106.62
68*000.00

767
1091
848
847
908
936
833
1331
781
775
587
649
591
961
846
825
943
a i g
W W

9

948
1097
813
757
779
848
713
|

41

£

888,427.8§

933*971*43
440*165*30
4*231*680.26
1,118*748.79
46*667.66
74*840*13
388,896*11
118,289.09
77*829.80
162,854.43
180*780.94
169,275*68
36*102*68
45*111.97
98*809.42
178*203*99
82,382*4§
149*580,63

42*372.14
40*175*52

21*703*27
140*888*1?
144*312*46
50*908*04

{ &

30969

9*118*968.81

i

x&lly* ***879 7* ****** *■**** *** * **# •538fi6»* <
.*3 3 8 4 *****.» ....♦ .*******» • **»*.***•»*••«• »•**.«**.*@ 07
AT* i*aily s »#t par iteia*.693*50. * * ..» * * * « « « •••* **93*50* ..* * * * .* •» * ••* * •« * 783*79 . . . . ** * * ..* * * « .* * * ** ** *•♦ ************* .434*87

ATtJi^a muifcor
Gs&zsd
Qs&ndl

&Z remittanoo 3attars saat mat dally* 1788

0 £ i^£® »#«»•***»•*•*»««**1,178*160
o£ ftwoonts*•* * •••« » ••* ••» * * # •* * » •* * * *»iJS6|iJ34»087*21




SEVERAL mSERTB BAHKOF MINNEAPOLIS
TWII CITY CliBAHIKOS
JHfiOCJGrH
FSDBEAL HSS JRYiS BASK

Amount

1919
ember 1
w
«
M
H
ft
tl

«
«
H
W
It
n
H
ft
It
II
W
ft
tt
It
«
w
H
It
n

2

3
4
0
6

8
9
10
11
12
13
IS
16
17
18
19
20
22

23
24
26
27
29
80
31

10*849 #830*29
15*616,389.04
10,806,291*48
11,154,022*52
10,765*893*79
13*170*250*28
11,104*130.71
10*968,378*93
10*562*884.88
10*256,848*73
11,054*097.37
10*778*307.26
12*599*685*25
11*153,656*22
13,655,400.40
10*292*408*72
11,755*477.83
12*295*482.91
13,132,467.70
12,099,862*15
9,640,718*09
10,566,465.64
15,307,831.69
10,227,290.64
11,185,840.25
.....

#300,462,945.50

17

bqed sm tassm m oFhMTmts or isi9*

Bam issues m m m y s a z

,.... ft<aaft, M M z k z .J £ m „ ......
Allotment
Bald 1918
Paid ISIS

aaaH L
210,000,000

Qaota

f m s,

242,046,050

suaorlpfclos

157,500,000

172f226,750

242,046,050

197,034,125*87

Vlptogy Liberty Loss
A MIBW W lL,
PaMJLSlS
170,073,650

-

BOHBii A£D
COUPOn
Ho* of pieces
3370
2373
2&4
101
2
6180
10* of aioeea
36020
aoaia
2000
1333
38
90
$0632
HO* Of* 0i<so&a

i@om i
160,500
237§300
127,000
181,000
10,000
723,800
Amount
1,801,000
2,085,100
1,000,000
1,633,000
190,000
90.000
6,';-S9,100
Amount

530
404
£9
199
5

31,500
40,400
39,500
109,000
25,000

1297

325,400

Ho. of pieces
723
am
4s#
?ss
a
18

mom.%
35,150
66,600
11,000
705,000
105,000
180,000

2245




1,193,750

Unpaid Balance

45,011#§24*13

&M JL91&
170,05X,S4E*00

Ilnmid Balance
24,705.00

SBCEIVBU FOR CGSrT3SlCr#m 9 *

leistered
....... .2Llxa&......J$b$£*y_. Loan
DuJiOKixmtions
So* of i>lec©a
. Jaount.............
SO
33
100
149
500
35
1000
31
5
5000
<.
10000
263
2otal
4£ Second Liberty Loan
l&Hcmnation
Ko« of piecea
50
298
100
706
500
265
1000
226
5000
9
............ .... -10000.... ........... .. _ ........ z
.............
1688
Total
3 i Viotoi^ liberty Loan
Denaai nation
110* Of D&OCOii
50
100
600
5
1000
5000
4M
»
10000
fofc&l
&
4l ?iotory Liberty Loan
Deno&in&tion
Ko* of pieces
«*•
50
100
500
1000
2
t>000
1
10000
**
iOtal

3

1,650*
14,000
17,500
31,000
25,000
90,050
Amount
14,900
78,600
132,500
226,000
45,000
20*000
519,000
Amount
#«r

5,000
•
«*
5,000
- Jasun t.............
**
•

2,000
59OOO
«**
7,000

18

BOB) m v &m m m rn m &zx m yeah m if if

wm m m s

Ooatxas.

m

m

m s.

■SQmKSMmmSpSw*

2333
1X6*650
213,500
zm
313
156,500
252
262,000
20,000
4
_....4. ._ ...... ....... 40.Q0_O.___.....
5055
009*050

m
100
500
1000
5000
_________________ ____ . . . J £

.........

Ho* of pieces
16921
xm u
mmr
mm
78
26

Amount

i tm 9m o
1,073,600
2,905*000
m % cm
260,000

-

6*785,350

34695

lo* of tdoces
390,358
ats*c37
16,110
14,121
Q%8
am

AacRmt

................

0

S

0

.

*

$5,505*650
Ti

102C
1316
9303

_______ ______M

o

y

j i t ......

ax ,400
131,600
151,500

1*797,000
301

64&1




1,006,000
2,060,000

§.3£S*S®0

.............

.

-

L

X

......r - ......

k

013

^

J

i^

L

M

|f

1IT

.... ^

*

t

i

M

^

S

L

J

s m

......... - .................. ..

2,751,660

...................
M

- ......................

50

42,250
282,900
552*500
849,000
255,000
720*000

m

Amorait

m

36,326
87,714
11,2S7
4,o70
m
189
9
14O,3§0
k

tem m

........

§45
&J39
1105
am
&51
n
X
5752

50
10C
500
1000
5000
10000
50000
'fot&I
............... £

I

r . ............... .......

50
10C
500
1000
5000
10000
50000
total
& ..£ & » &
Imnozkinazim

-

722*300

&

M t e z Is.
Dt&osiin&clQn.

If * 5 U * 9 ^
29*006*700
9,055,000
14,121,000
4,3*0,000
8,750,000

—

Q

fotal

2,000
95,100
113,500
234,000
95,000
JL6O.0O0
$99,400

40
§51
227
234
Itlt»
1407
•J t t L .
1

1*811,500
0,771*400
5*648,500
4,670,000
1*145*000
1*690*000
450*000

................

__ ______

1 0

*.

o*

......l £

17

«

c e

*

.......

ittcunt
650.

100

ooo
1000
5000
10000
50000

'onal

3
-JL
183

820,000
150,000

aoo.ooo

l,2>X,6i>0

19

mm

cm sm m ® tsua of is#is .

BCEDS MS)

IBL1VEIIBD IS 1919.

Coaoon

Kegistered

o* of nieces
&ao r.t
26,672,400
633,443
51$,272
51,827,200
36,017
18,008,500
26,S1£
28,S IS ,000
5*450,000
1,090
7,540,000
794
1116,437
136,714,100
Amount

Ho* Of 15i6COS
3
11
5
ISO
50
76
325

150
1100
2500
180000
250000
760000
1193750

So* of -pfecoti
1238
1126
24
44
9
&
2445

■uaount
b1,900
112,500
12,000
44*000
45f000
50^000
325,400

.............m *. of Meoea
m
19,422
li'O
70,130
500
12,063
1000
7,0S7
2o6
5000
10000
83
50000
1
100000
- U~.Total
109,074
3:t: Victory liberty Lean Converted
Denomination
lo* 3f pieces
.............. ...... ...

...Mmmt.
971,100
7 ,0 l5 fe$$
$,031,500
7,097,000
1,330,000
830,000
5 0 ,COO
1.200*000
24,522,600

«*
50
100
.»
500
1000
2
5000
1
10000
3
Total
Victors
Llbeity
Loan
Converted
4;Denomination
So. of t>ieoes
50
100
500
1000
6000
10000
fotal

Amount
»
2,000
5*000
7 #O0O
Aiaoimt
-

*
**
1
1

1,000
m
m
1,000

?reasaxy Saviors Certificates
Maturity Value
Sold for Cash
Issued in Bxehan^e
for w* 3* iStasps

OTAL

1,008,300

___ SmSSSL

1,011,600.00

War Savings stamps
Maturity Tallin
Sold for Cash
Issued in exchange
for rhrift stamps

750,337,
15.403.

fOSM,
Sold for Cash
OTAL

Digitized ^
for FRASER
I' k v*
' 'v


m jM

.m
7S5,745.00

17,539.50
17,539*50

20

United States Certificates of Indebtedness

Issued during the year 1919*
Allotment
25M & Less

Bate of
Issue

Jan* 2nd* 10,651,500
Jan* 16th. 10,147,500
Jan. 16 A ax 1,060,500
Jan* 30th* 11,283,000
Feb* 13th 12,124,000
Feb* 27th
8,709,000
March 15th 7,023,500
Mar.15.Tax 1,843,000
April 10th, 7,548,000
May 1st
5,637,500
June 3 T-4 2,972,000
t e e 3 f-5 1,030,500
July 1 T-6 2,608,000
J£Ly 1 T-7 3,011,500
July 15 T-8 2,412,500
August 1st 6,025,000
August 15
5,667,000
5,221,500
Sept 2nd
Sept 15 tidtfti,333,000
M

Alletaent
250M to
500M
2,624,000
1,127,000

330.
Stabs
8
4

831,000
341,000
550,000
872,500

3
1
2
3

265,000
550,000
575,000
290,000
575,000
1,836,000
950,000
1*050,000

1
2
2
1
2
5
4
3

300,000

1

250,000

1

Total
Allotment 10*
Siibs,
Allotment Bo* Total
500M to a Subs* Over a
Subs • eaoh
each
Million
Issue
Issue*
Million
2,826,000 5
26,500,000 1447
3,117,000 5
4,497,500 7
5,105,000 2
27,760,000 1578
324
3,030,000
1,201,000 2
2,227,000 2
24,600,000 1696
1,565,500 3
3,221,000 3
23,610,000 1750
3,500,000 4
1,050,000 *1 18,720,000 1289
3,294,000 15 2,577,000 2
18,000 000 1078
273
3,502,000
5,446,500 7
1,500,000 1
18,310,000 1196
4,200,000 6
813
14,615,500
2,130,000 3
10,468,000
3*3
162
2,600,500
1,088,000 2
2,189,000 2
10,000 000
308
10,000,000
360
1,750,000 2
1,004,000 1
8,866,500
300
17,514,000
5,000,000 5
712
1,010,000 3
674
6,151,000 4
17,300,000
2,000,000 1
16,000,000
39500,000 4
646
7,750,000
2,945,000 2
206
1,000,000 2

IA

Sep*15f-9
Deo* 1 D’ 20
Bee* 1 fM3
Deo* 15 f J
totals

lo.of Allotment Mm
Allotment HO* Allotnent Ho*
Subs • 100M to Subs*
Subs* 25M to 50M Subs * 50M to
250M
100M
2,233,000
39
1322 1,616,000 47
2 953,000 24
2,569,000
47
2 615,000 21
1448 1,702,000 49
465,000
9
197
290,000
8
1 214,500 10
1539 1,856,000 55
3,373,500
62
3 828,000 32
3,176,500
57
1 600,000 IB
1628 1,582,000 45
974,000 m
2,337,000
1197
42
1 600,000 15
1,660,000
995 1,071,500 30
29
1 501,500 14
684,000
402,000 3
573,000 16
12
242
1,689,000
991
30
861,500 26
1 000,000 10
40
729
2,237,000
891,000 26
1 100,000 10
1,587,000
26
298
2 346,000 19
858,500 25
140
420,000 11
6
540,000 4
320,000
1,205,000
247
22
660,000 20
1 675,000 13
34
270 1,199,500 35
1,968,000
1 985,500 16
248
530,000 15
1,120,000
19
1 150,000 11
616 1,061,500 31
2 502,500 22
1,875,000
35
1,905,000
592
767,000 22
36
1 800,000 17
555 1,077,000 33
36
1,926,000
2 275,000 17
9
168
305,000
15
822,000
1 045,000 9

2,046,000
2,281,500
1,410,000
2,842,500

231
225
157
300

11*,868,500

totals

11
14
13
23

20,774,000
14,335

Total Allotmsnt all Groups
Total Subscriptions all Oroisps




375,000
473,000
413,000
1,217,500

679,000
755,000
560,000
1,206,000

13
15
11
22

38,,167,500

36,352,000
593

400,000 4
950,000 8
1,850,000 11
2,434,000 19

656

700,000

3

2
5
3
3

49,211,000

13,686,500
322

1,000,000
2,800,000
1,500,000
1,902,500

46

1,040,500
*
2,501,000

1
2

4,750,000
8,300,000
5,133,000
12,803,500

262
268
195
382

36,627,500
73

26
310,135,500
16,292

AVERAGE 1MCOTI? OF EACH CLASS OF BARBIHG
ASmTB HELD BY THE FEDERAL RESEliVE BASK
OF MIIHEAPOLIS, EAB2JIIIGS ABD HATES OF
1AMIIGS (LESS COMMISSIQKS) fHIlBdT FOE
Tm mrnrn ofdecember is is

Average during
Month

Earnings for
Month

Annual
Bate

Bills discounted for
Member & Federal lieserve Banks

65,132,000

267,799.10

4.641

Bills Bou#t

16,582,000

64,456*61

4*577

3,736,000

14,889.46

2.007

347,145*37

4.519

United States Securities

J05PAL,




90,450,000.

m m

3,919

i«»»r
jP^3P883ry
April
Kap
J\a»
July
m m **
sspwaoar
Oototer
SoTontoor
m<sm&9T
mm* • * * *




Bills disoormtod i t a ^ r
m $» bos.Banks

m m um

by m m m s m w m

Urn 3*
Securities

VsMwftom
Soogit & Sold

Deficient B*~
fltiw Paaaltioo
Iaolud*lx*fcerast

Sundxy
Pro ft to

total
1919
204*303*07

to tel
1918

117#566*02
74*226*84
79,748*18
154*592.02
in » M U t »
161*238.04
138, 634.25
ii8*47i*24
138*799.45
flftFjHft.Sff
203.E7S.S3
267,799.10

68*347*01
92,199.92
116*390*04
73*888*81
40,068.35
43*442*00
83,617.30
80*347*83
74*336*3d
70,382*25
74*387.07
84*436.81

14*357*37
21*894.87
24*038*34
21,451.53
21*767*84
18*098*91
13,369.23
13*818.88
19*580*13
18*079*14
14*170.04
14*889.48

2*571*75
3*579*75
3*084*25
5,249*25
4*203.75
4*142.25
1*706*25
3*959*25
6*093*39
5*978*80
4*881*40
6*010*44

2,896.35
1*665.83
1*412*15
1,733*85
2,109*34
1*999*37
2*384*44
1*508.87
2*103*42
2*495.67
2*383*29
3*889*78

564*57
285*07
yMMfr
349*75
316*38
330*85
250*30
241*43
232*88
289.80
253*75
244.89

224*984*98
259*044*81
240*427*63
229*249*42
239*951*97
216*533*48
241,665*85
300*368.89
299*548*88
357*090*48

87*961.88
82*443.09
79,780*38
109, 529.86
138*007*07
158*682.75
234,197*55
250*147*62
288,150.06
236,362.03
182,225*19
202,466*59

1,829,460*69

882*583.97

213,501*52

51*480*73

26*382*18

3*671*85

3*007*040*72

2*049,954*07

.... . m

Average Monthly &*©«• £aml»#3 f&r y»ar
#*
*
«
«t
Baqpoasaa
»
«
«
«
Hr* Profits
»
ft
SiTidoad
**
"
Average *&»tifly Gxoaa Kam ii^o last half of year
«
ft
»
»
w
ft
it
m
»
»
lot Profits

Average aoafctoly ooat *&r
Baser*© notes ifc* yoar
Bate par M i #£ Sat Baralqgs on m d in Capital Stocic fer jrsar

. . __ _______
170*829*50

250*388.71

..... , ^ H i H

204*212.49
13*015*52
273*883*28
...J§£*£l§t2£____
228*117.07

8,182*25
79*72^

132*128*82
14*008*58

.

232*258*17
•

179*200*94

5*63i.si
54*09$

(mss Mg 1ST&AE&JJGS AKDEXPOSES BX 10KTHS FOE1919.
jSAMIJSGS

EXPEMSSB

January

204,503.07

53,423.12

170,879.95

February

193,851.28

35,580.44

158,270.84

March

224,984.90

32,558.48

192,626.48

April

259,044.81

32,401.38

226,643.43

May

240,427.6S

53,707.77

206,719.86

June

229,249.42

90,542.32

138,707.10

July

259,951.97

37,577.39

202,374.58

August

216,553.48

39,690.46

176,863.02

September

241,665.85

41,006.54

200,659.31

Octobar

300,368.89

40,589.88

259,779.01

Kovamber

299,548.88

44,515.31

256,£3$.57

December

357.090.48

: 95.297.61

261.792.87

3,007,040.72

556,490.70

2,450,580.02

T o t a l ......

U&f lAEJilHGS

Leas Dividend paid to June
30, 1 9 1 9 ....... ......... ................ . 89,006.10
Lest Dividend accrued since
July i , 1919

92.218.50

181,224.60

Set Earnings for twelve months
endia& Dsceabar 31, 1319 . . . . .
Transferred to Surplus June
30, 1919 . . .

904,357.40

Transferred to Profit and
Lq ee Account June 30, 1 9 1 9 .... 100.484.16
let B&rninge since July 1, 1919




1.004.841.56

.. 1,264,483.86

atoiagi aoisxms m m a s m Asagfs m

wowbs

1919

X9X9

Bills
Disoo«ited

Acceptances

TJ*S* Bonds &
frea«y»10tes

fetal

January
February
March
April
w
June
July
August
September
October
Som ber
December

32, 371 11
18,848
23,395
43,714
48,169
46,051
37,656
33,561
39,3X0
56,007
55,022
65,132

18,851 X
28,660
32,203
22,223
10,814
12t707
22,981
22,710
20,512
19,428
21,089
16,582

6,728 X
9,392
9,545
9,073
9,234
8,658
7,332
7,835
10,430
8,779
8,521
8,736

57,950 X
56,900
651143
75,009
68,2X7
67,4X6
68,170
64,106
70,252
84,214
84,632
90,450

Average
X919
Average
1918

41,619 X

20,730 X

8,688 X

71,037 X

32,929 X

4,825 II

3,840 X

41,594 X

&m &<m base €£ m im w B ox m m im Asmsn m m m m
19X9

19X9
jannary
February
March
Apr IX
Hay
jUQft
July
AugttBt
September
October
November
December
Average
1919
Average
1918




Bills Discount-*
ed for Mashers &
fed* Bee* Banfcs

U.S. Bonds &
- Acceptances

fotal

4*276^
5*133
4*013
4*302
4*204
4*260
4*311
4*086
4*297
4*314
4*494
4*841

4.143$
4*193
4*255
4*142
4*363
4*159
4*284
4*X75
4*440
4*265
4*303
4*577

2.512^
3.038
2*965
2.876
2*778
2*809
2*145
2.079
2*284
2*157
2*023
2*007

3*643$
4*121
3*744
3*773
3*781
3*742
3*380
3*447
3*673
3*578
3*606
3*808

4*378^

4*275%

2*473^

3*708^

4.733$

4*331^

2*999^

4*021*1

m m iT A m loss acgm m
19X9

Balance of account January 1* 1919

0

Gross Earainos for year 1919
From
**
"
”
*
*

Bisooimts - Membera & Fed* Bos* Banks
Sill* purchased
Interest on 0, s . securities
interest on Transfers
Penalties on Deficient Beserves
B/L Drafts -Exchange -Protest fees, etc*

1,829,460*69
882,563.97
213,501,52
51,460.73
26,382.16
3.671.65

3,007.040*72
3,007,040*72

Less Expensas for year 1919
Assessxaeat for expenses Fed. Has* Board
Cost of Fed* Eos* lotes and fed* lea* sanfc
notes during year
Operating Expenses

20,208*71
98,187.02
438,094*97

556,490*70
2,450,550,02

Distribution of Set B^rnini?s
Beductlon of Bank promises Account,
Reserved for Federal Reserve Board Expense
Dividends for period Jan* 1,1919 to Dec­
ember 31, 1919
Transferred to surplus Account.




100,000.00
16,607*37
180,186*21
2*153*756.44

2.450,550*02
0

SAMMSTATXSTXGS.
m m m m m M M M D war m n m $

.

Heath
Number of
Oempensa~
Average Coopen___________________________________________________ tlon m id _______________jsatlon paid
Jaomiy
February
Maroh
April
May
Juz»
JUly
August
September
October
HcnrQDber
December
totals

92
@8
86
87
88
86
81
79
78
67
66
66

8,474.24
8,155.57
7,928.40
7,836.74
7,986.23
16,269.03
8,398.01
8,166.89
7,886.89
7,249.07
6,480.16
15-673.64

92*00
92.67
92,19
90.07
90.75
191.40
103.67
103.37
101.11
108.18
98.18
237.47

963

110,504.87

1401.50

Bonus paid in June and December, 1919, included in above figures - - - #17,694.95
Averag» aaaber of clerks 19X9 — - —
80
Average monthly salary of clerks 1919
#116*79

WF1GW® ASP O H M S --- BASK
Month

Ho. of emOfficers ComCleiks 0om~
fofcal Com- Average Monthly Gomployees.
pensation
peneation
pensation
pensation ^tftwe*fr
______________________________________________________________________________
Oleinm
January
February
March
April
Hay
Jus*
July
August
September
October
November
December

fom s -

172
177
172
172
181
192
198
205
204
207
217

m
2311

_

4,891.68
4,995.87
5,100.04
5,100.04
5,100.04
6,165.04
5,100.04
5,100.04
5,100.04
3,900.04
3,900.04
5.447.54

12,783.36
13,063.02
13,291.84
12,950.20
13,267.01
28,703.51
16,164.21
16,734.36
16,729.93
17,199.26
17,879.33
42-317.73

17,675.04
18,058.89
18,391.88
18,050.24
18,367.05
34,868.55
21,264.25
21,734.40
21,829.97
21,099.30
21,779.37
47.765.27

102.76
102.02
106.92
104.94
101.47
181.60
107.39
106.02
107.00
101.92
100.36
£23.20

59,900.45

221,083.76

280,884.21

1445.60

Bonus paid in Jane and December, 1919, included in above figuree - - - - - $41,200.80
Average number of Officers and Cleifcs 1919 - - - - - 192
Average monthly salary of Officers and Clerics 1919 - #120*46




(isoiTiain& vault}
fetal ooata seat obargad of* aince 0|>snla& of Bank
Fora* * Equip*
rwrfrrml
for
Bank 4 Transit

93,720*41

6,?S3*Q0

Vault

40,000*00

6,600*00

Cfcgd. off

ffalpSn o£f
duria# 1919

32,864*25

30,476*42

23,$2S*74

4,000*00

S§t§0®*0®

Total
Dopraoiatian
Oiagd* off
" r * _____ U l f t J .i a ? ,.a w . » * A ti7 „

f O m ...............138,720*41

13*263*00

36,564.25

59,976*42

£3,925.74

Bialtffitt iA
Aoooimt
1*00

J..00

RESERVED FOE BtTOEt EJCPEiJSfiS

Baaarwa for abrasion on Gold Coin

$

Tranafarrad f r a Profit & Loaa Aoooimt (3uiplua Profits)
January 23* m i
Baaarved for fax m M U m l M m r m Bank lota circulation
to December 31, 1919
BasaanfiNl agal&at
Li ontenant* a bill
(To ba oraditad advances SM rd Xdborty Loan)

I0IAL * * « * • . * • • , • • * • *

*\

?



................................. t . . . . .

3,767*32
157*13

14,651*25
100*00

. 18,675.70

2 8

Gold Holdings of the Bank and the Federal Beserre Agent,
close of business December 31, 1919, as compared with close of business December
31, 1918s
Bank 1919
Gold
Gold
Gold
Gold
Gold

m m ,.,m s.
$£,172,390.
6*150,720.
£33,155.
23*774*414*
$37,279,529*
..

Coin
#2,099,845.
Certificates
6,175,430.
with Forei@i Agencies 3,545,646.
4,872,374.
Settlement Iftmd
Bede nption Pond
2P5*44fi* #16,898,743,

A&ent 19X9
Gold
Gold
Gold
Gold

Ooin
Certificates
Settlement Fund
Bedasiption Fond

M r n t .M S ,

#3,000,000.
10.052.000.
19.800.000.
2.994.605. |3 5 ,846,605.

$3,000,000.
10.052.000
40.800.000
I. $55,868,410.

#52,745,348.

$93,147,939.

Grand 2otal

--- r m r — ..~..■""HHQBT"".......... ""
15,908* M
22,179 M
25,202
39,300

Averaga Balance in Gold Settlement Fund of Bank
Average Balance in Gold Settlement Fond of Agent

Settlement of balanoes due other Federal Beserve Bax&s are Bade
daily throng the Gold Settlement Fund and the balance in this fund is verified
each day by telegram from the Federal Beserre Board Washington.

federal Bm w w

Botes 1Baaed by Ajaant daring 1919

fotal

M is.
Bsw $12,700,000.
Dead 1.840.000.

#14,640,000.

6X00*8

New #320,000
Used 100.009

$420,000.

m is .
Hew #230,000

Hew $7,800,000
11,820,000.

used

20 »s

230,000.

0

ifififtls

Hew #7,200,000
Used 4 ,4 ^ 0 0 0

Saw

11,630,000.

50fs
lew
Used

tJaad

Used

$ 1 ,0 0 0 ,0 0 0 .

0

, , ,

1 000 000

total
300,000.
50.000.

New

350,000.

Used

029.660,000.

10.440.000. 39,990,000.

Our total lsaoe of Federal Beserve Hates since opening of
Bank Is $163,242,000. and of this amount $39,990,000. m s piut In circulation
during the jear 1919. In our total issue figures is included $ 1 1 ,1 6 2 ,0 0 0 .
■used notes reissued "by the Agent.



2 9

RE3EHVE CASH ATO CASH IS W 31003 fELLEiiS' HAHP3
AS CLOSE OF BD3IUES3 BBCEKEKR 31, 1919.
H

S

M

Federal

Oold Certs.

OMipBrtwiit

,.,UM X M ,.....
D

IS
14
15
if

1,035,000.

, , .

Gold Oerts.
..,...

Federal

Reserve

280,000.

, , .

2 000 000

1,190,000.

4,117,500.

. .

1 0 0 ,0 0 0 .

100 000

380,000.

8,547,500*

2?

Totals

2,050,000*

4,927,500.

1,190,000.

i

230.000.
1,035,000*

2 000 000

2,927,500.

J2M »

..jfta m iM g ,

o k m .....................................................

©serve
jgg£S£______ m & t e m _____ ,,~ s§ ^____

Gold Coin . . . . . ................................24,845.00
- 2,050,000.
Gold Certificates-Bearer . . * . . . *
25,000.00
32,950.00 4r8l?*500*
"
«
0fi®r . . . . . . . .
- 1,190*000*
Federal Reserve Jfotes . . . . . . . . . 198,510*00
98,155.00
380,000.
Ptderal Baaarve Bank flotes • • • • • •
80,126.00
7,800*00
Silver Certlfioatea • . * ..................
14,669.00
Legal Tender * • * • • • • • . . « • *
24,730.00
m tl and other Fad. lies. Hotea . . . .
578,275*00
Miscellaneous
.. .^UkiML......___________________ s___ _
fatal . . . . ..................... *

328,695.45

1,112,704*30

Gold la Transit to Aset. Treas., Chicago* « • • * . • • • • • • •

2,074*840*
4,985,430.
1,190,000.
& n §m *

87*92&*
1 4 ,6 6 9 *

24,730.
S?8f27S*
9,988,899* TO

8,547,500.

« ... • • • • * • •

Legal Tender lotas la Transit to Treasurer of U* S ., Washington,
Total Baaarra Cash and Tellers# Cash per balance sh eet.............. . . . . . .




25,000.00
.

i

24»000»00

1 0 .0 5 7 .899.75^

& L M t.

MLl

Total

Total Reo'd trm Controller t* tat*

7,532,000.

1 ,« M ,0 0 0 .

*20,009.

10,149,000,

Deduct Total 'Emitted Controller
for Sm traotioa..................

1.071.450.

899.0W U

481.600.

1.882.000.

Set B M ’I tram Comptroller to tat*.

6,460,670.

1,388,930.

436,500.

8,286,000.

Deduct Aaeuat ....................................

62.789.

55.136.

la Olm OatioB D M . 31, 1919, . . .

6,407,781.

1,258,794.

488,500.

8,200,075.

In Circulation P M . 31, 1918, . . .

8.560,388.

906,158.

700,000.

4,1 68 ,646 .

K U 22S *.

United States Securities with Treasurer United State* to Seenr*
.

1$ Treasury certificates of Indebtedness due sundry dates 1920 . •§
zf

«

*

*

1,100,000*

i m , * .i ? » g 8 Q .0 o o «

®0l8l # * * ■ # • # »

^

df4&OjF000*

Our first Issue of Bank % t » $ was made oa September 20, 1913 , at which time
we had in Waahla&tea as seoiarity #880,000. In l~Tear Treasury Hetea*
this security was 1-|- per ceat*

Our tax based oa

Oa January 1# 1919, bal* ooe of oar freasury £otes Hatiared

aad were replaced with special United States Z% Certificates of Indebtedness*
fo data the cost for plates, postage, insurance, expressage, and witaeaaing
destruction of s&tll&ted notes, has been #4,151*21, while the circulation tax to 33®ea^ber 31*

1919, was #14,289.03*




EiflOiP of m m M L m s i ^ i m m s rbobivkp fhom m

ccmfpbqllsr eg v m o m m m r

since opening of Bank, Amounts lagged. Reissued and Destroyed as of December 31.1919

Denoau

Received
from
comptroller

Returned to
Issued to
Reissued to
leturned by
Agent by
Bank
Batik
Agent for
Bank____________ (HewI__________ (used)_________Destruction______ on Hand

5

43,880 X

1,840 X

12,700 X

1,840 X

4,260 X

1,220 X

10

55,400 M

6,950 M

7,800 X

4,020 X

2,545 X-

4,330 X

20

45,200 X

4,430 M

7f200 X

4,430 X

1,020 X

960 X

50

2,400 X

140 X

300 X

50 X

25 X

280 X

100

3,800 X

140 X

320 X

100 X

30 X

400 X

500

400 M

•

230 M

1000

1.200 1

m,>
.

totals

152,080 II

Denom.

Our unfit totes returned to
Treasurer of the United
States by Federal Reserve
Bank of Minneapolis*

5
10
20
50
100
1000
Totals

IlEnom.

13,500 X

1.000 X
29,550 X

*




200 n
7,880 X

10,440 X

Our unfit ffotes returned to
treasurer of the united
states by Other Federal Beserve Banks*

10,519,000*

'Total Notes Destroyed to
December 31. 1919

2,414,730.
2,887,690.
1,187,420.
73,500.
98,800,
•
6,662,140.

fotal notes in circulation
December 31. 1919* (All
20,851,265*
29,381,490.
32,609,200*
1,744,950.
2,776,200.
230,000.
997,000.

56,077,395.
Deduct unsorted . . . . .

7,550 x~

Oar unfit notes ret*d
to controller
From other sources

10,814,000.
12,328,820.
7,367,380.
181,550.
175,000,
2*000.
147.508. -unaorted
31,016,255.

4,320,000.
3,927,000.
2,056,000.
95,000.
120,000.
1.000.

170 X

-

21,808,735./
5
21,688,510.
10
11,630,800.
20
375,050.
50
423,800.
100
I*one ,
500
3,000.
1000
Particulars not reo*d from
Washington {unsortedj
147.500*
Totals

*

88,590,105.
147.500.
88,442,605.

w m m w m w m m mm m .
m m

.mmmf mm Tamtam.
im p m

JL
5,£00 K

m .m

'JL

lQ«g
1,960 M

1,640 V

800 ■

800 a

10,000 H

s m m m L M J S jm m x .
J&ltL
In Transit

on m i

Total

960 M

?«M 9 m

M UJL
-

js i t __________ssl'a ...
1,040 K

9 * m n____ u u m j L

10,620 H 9,200

*

12,000 M

... jlcp.** .

jP 9:m

itfpa*n,.

-

» M

2,000 X

JUMP M

1.200 M

1.000 M S.gOOM 89.260 It

1,800 M

1,200 M

1,000 I 6.600S 41,260 It

Sfcere waa a oonsideeable reduction In mm iMoral Reserve 10%#$
put in circulation during 1919*

During Hie first half of the year there was

returned to the Agent Sl3t500f000* In used notes fit for ftirther eireulation.
Of this amount $10,440,000. m s replaced in circulation daring the year, making
a total issue of $39,990,000.

fhe unfit notes retired fr m oirealation taring

the year and destroyed, reached a total of $36,771,000*

Our percentage of des­

troyed netee to total, notes received from Comptroller since opening of bank reach*
ed 37^ at said of 1919* whereas 15$ nas the percentage at the sad of 191S»

i*he

net rednetion in our Federal Reserve lote circulation at close of 1919 was
?10,3OQ,QOQ,

In ingust last the Federal Reserve Board asked all Hie federal
Reserve Banfre to furnish the Bureau of l&graving with a daily printing require­
ment in order to maintain an ample surplus stool*
anamnt of notes m w ready for use*

The above table shows the

Shis supply is all paid for except trans­

portation ©oat and is sufficient to cover our normal demand for the next two
years*




.

j m k a

.M m .m o m ,,

.m s m ,

Oh— t
1
2
3
4
5
6
7

5*s_________ 10*9

20*8________50*s

600 M
220 M
400 1

100*8

500* s

1000»s

Total

600 X
220 X
400 M
960 X280 X
600 X
800 X

400 X
600 X
800 X

170 X

200 X

2,010 X

8
12
24
25
fatal

155 M
1*605 X
1,170 M
1,220 X

4,330 X

Hold
Cola__________

155 X
1,605 X
1,170 X
960 X

280 X

400 X

170 jg

200 X

7,560 X

Order Certificates___________ Bearer Certificates_______ total

4

5,000 X

19000,X

6,000 X

5

1,240 X

2,612 X

4,052 X

9

1,000 X

1*000

10

1,000 X

1,000 X

11

1,000 X

1,000 X

3,000 X

6,240 X

3,812 X

paper held as Collateral •
Agent*s fund at Washington . . .............. . . . . . .
Agent*a Five per cent Bedamption Fund
Gold coin and Certificate he Mr ....................... ...
Total Federal Beserve Hotes an Hand ..................... •
Total Federal Beserve lotes destroyed . . . . . . .
Total , . . . . ..................... .
lotes received from Comptroller to 12/31/19




. * . .

Sxcees with Agent . . . . . . .

#

M

13,052 X

74,160,777.53
19,800,000.00
2,994,605.00
13,052,000.00
7,560,000.00
56.077.395.00
173,644,777.53
152,080,000.00
21,564,777.53

rsamn. mssmz -am. or n n su vu a
Jttsm m i of *0 3 3 m i0 8 3 hsld as oioas of m a m m a sssm sm s i, 1919

Anoimt
gama » A4<Hrw«

endorsed
M banks

km m %
sot endorsed

?otal amount
liable as
endorsed on
acceptances of
other banks and
Jto slo «8m S s.8

Hew Yjrk
American Exchange national Bacfc
119*£38.23
Amrioan foreign Banking Corporation
i$ 9im *z7
Aagio-Sotttli Aia rican S&zic, Ltd.
Atlantia national Bank
1X3,9111*04
dank of America
Bank of the 2Sanhattf;n do#
462,020*41
Baals: of Hew Tor*
216#0l9*4S
Banco Oovsereiale XtaXlaim
98,147.95
Battery Park national Basic
Canadian B ask of Oowitred
102*100*00
Shsse Satlonal Saak
Shatha® & Phoenix national Bank
64*109*20
Chemical national Basic
90,341*26
Oitlsen* national Basok
45*718*79
4*000*00
Coal i Xros Matlonnl Btxfc
Discoxmt Corporation of Hew York
Foreign Trade Banking: Corporation
International Banking Corporation
169,364.95
Irving national M
77,250*00
2*1 eerty Bational Sank
147,632.3&
Mechanise & Metals national £ank
Merchants latlonal Bank
26*930*97
Eation&l Bank of Ooessgroe
1*108,935*45
1,199,159.75
Rational City Bank
227*729*91
Rational
Bank
Pacific Bask
197,818.24
Park Union Foreign 3 anklag Oorporation
50,000*00
Uoyal Bank of Osaada
or
of
Bankers Trust Oo*
1,019*844.79
4S1.436.67
Central Union 2rust Go.
Colombia trust Oo*
315*262*45
Suitable trust Co.
694*515.40
Farxaeris Loan & * met Co*
373*493*05
316,700.00
Franklin frast Co*
Guaranty frost Co*
1*0&7*860.61
5*022.00
Irving froet Oo*
19*791*09
Hew Yorfc frost Oo*
t?* a* Mortgage £ trust Co*
13,d95*60
Goldman Saoh* & Oo*
Heldelbaeh lokeXheiaier a Oo*
F * *>. 3&1 there & Oo*
Fren0h~Aaerican Banking Corporation
50*000*00
Fifth Ave* Bank of Hew York
38,156*80
Lincoln frost Oo*
10,505*33
Metropolitan P m***
Asia Banking Corporation
Chartered Banfe-India Australia & China
6,500*00
Hew lethsrland Bank
50,000.00
Farriaan Hat ional Sack
Hongkteg & Shan$iai Banking Corporation
Yokohama Specie Bank, Ltd*
Bank of Taiwan, Ltd*
London & Biver Plate Bank* Ltd*

Baris;




746,750*77
277,243*29
93*850*43
11 ,bl7*80
125*000*00
407#252.18
100,000*00
151,127*97
226,340*70
2 ,4 35 ,41 3.4 6

31S,747*B1
646,518*57
623,744*06
260*762*85
128.223*89
40*000*00
410,108*11
225,000*00
330*000*00
160,592*90
522,665.46
146,275.45
353,654*44

566,231*33
223*137.20
697*671.33
300*000*00
84,670.22
43*128.15

139*720*09
253,833*93
969,272.93
228,436.06
165,090*43
^3*350*00

-2-

Rmm ft Address

Amount
endorsed
by ’ha-nTrs

Amount
not endorsed
by bftTiteg

Total amount
liable as
endorsed on
acceptances of
other banks and
trust companies

Boston
First National Bank
Merchants National Bank
national Shawsat Bank
Old Colony Trust Co.
Webster & Atlasi national Bank

373
11
643
134
70

692.05
517.80
959.69
971.25
000.00

228
100
192
5
4

677.56
000.00
256.11
554.66
722.64

Philadelphia
Com Exchange national Bank
Girard national Bank
Philadelphia national Bank
Tradesmens National Bank
Union national Bank

75 607.44

Cleveland
Union Comm. National Bank

8 887.44

Minneapolis & St Paul
First & Security National Bank, % l s .
Midland national Bank
northwestern national Bank

190 644.88
40 000.00
2 453.00

St.Louis
Mississippi Valley frost Go.

14 530.09

Chicago
First national Bask
Mfergbaats Loan & Trust Co.
Union frost Co.

62 822.05
500 000.00
50 000.00

Miscellaneous
Fifth-Third national Bk. Cincinnati, 0.
national Bk of Commerce Detroit, Mich.
Flatoher-Aiaer.national Bk, indianapol is
Bank of Pittsburg, Pittsburgh Pa.
Peoples national Bank
"
"
Anglo-london-Paris national Bank
San Francisoo, Cal.
Wells-Fargo-Hevada national Bank
San Francisco,Cal.
First national Bank, Utica n .Y .
First & Old Detroit natl.Bk. Detroit
Phoenix & Third natl. B k., Lexington Hy.
First national Bank Hot®ton Texas.
Citizens Trust Co., Utica H .Y.
Wisconsin national Bk., Milwaukee Wis.




193
140
106
30
20

515.80
000.00
900.00
587.16
620.34

100 000.00
3
9
117
12
200
30
37

079.35
543.29
500.00
500.00
000.00
000.00
500.00

12,599,452.47

12,575,944.79

—Q

>'{J

•o m

mwm$ of wa>i&Q(xm& i t t. ,*ks

of

diobkbeh s i , 1919

iOT iH O T f HEDISC€«SM5 OT?X1?0 fRB IW fH

Kame
of Town

5flW
Ada Hat! onal
First National

Adrian
Amboy
Argyle
BSttdftttO
Beaver Creek
Beoldji
Benson
n
Blooming Prairie
Brecfcenridgs
H m t if
Brice lyn
Osnpbell
Carlton
dflw
Xtta
w^pjB
frW
Nk
Clarlefleld
Clinton
Claqnet
Crookston
Bear Blver
Detroit
Duluth
Bile BlTer
Eveleth
®r*X#tli
Fairaont
«
tf
m aa
Gilbert
Olenwood
Goodtooe
Graoeville
Oranft
(Jrs»lte Falls
Hastings
Hendricks
Hatobinaon
International Falls
Jackson
n
»
Kaaeon
W as Benton
Lakeville
Mte*uri*ia
Iis m u
m

Msdella
ISankato
national Bank of Cows
Mankato
Marshall
Minneapolis
Minneapolis
Minneapolis




northern national
First National
Swift County
First national

Clarfcfiold State
First national
first national
Herobsats national
First National Bit
Zterohants national
northern National
First National
First National
«
Miners H&tlom i
falxnoKit national
first Hat tonal
Citlaens national
First National
w
H
«
»»
«»
H

Hancook national
first national
Fanners latiossal
it

First National
Broun National
First National
Jackson National
ITatlonal Farmers
national 0 1 tissue
First national
«
»
national Bank
State lame
First national
la&fltoto
national Cltl&sns
Lyon County national
Bankers national
First & Secy Eatl
Lincoln national

J®mmt
redisconntod
for wootii
Deceniber

of

Amotmt
hold

2 393*22

53 000*00
110 000*00
xm
S
16
10

ooo.oo
374.43
177*48
000*00

m 000*00
12 300*00
44 000.00

8 000*00
m ooo»oo
35 000*00
6 524.58
160 000*00
5 000*00
335 000*00
341 000*00
52 500.00
15 000*00
$50 000*00
5 000*00
40 000.00
SO 000*00
189 000.00
m 000*00
m 000*00
5 000*00
29 519*55
5a 000*00
4 000*00
45 000.00
70 000*00
72 500*00
15 000*00
30 000*00
55 000*00
90 000*00
30 000*00
U 000.00
75 000.00
55 000*00
10 000*00
22 095*44
50 000,00
15 000.00
545 000*00
42 502*94
40 000*00
SO 000*00
548 739*55
40 000*00
598 452.47
200 000*00
18 354 800*00
395 000.00

m 000*00

@5 000.00
28 998*80
m ooo.oo
5 374*43
28 392.41
10 000*00
23 0t7*09
12 500.00
8 845*88
14 098*58
15000*00
15 000*00
12 181.51
75 000*00

100 000*00
150
27
15
150

000*00
500*00
OOO.OO
000*00

m 000,00

25 000*00
10 000*00
125 000*00
58 715*45
2 000*00
2 000*00
20 000.00
27 500*00
15 000.00
27 519.85
50 000*00
30 000*00
8 000.00
15 000*00
-*1« 918*07
55 210.14
15 000*00
5 000*00
10§ 000.00
33 922*12
20 000*00
15 000,00
278 239*36
20 000*00
511 012*88
28 599*89
100 000*00
19 558 500.00
450 000,00

37

-2-

Ham©
s£ *sm
Minneapolis
ii
Mlnneota
Montevideo
Moorhead
n
Olivia
Osakis
Owatonna
Bed Lafee Falls
Red Wing
Redwood Falls
Revere
Rashmore
St Cloud
n
St Paul
n
it
«
u
«
»
So St Paul
n
Spring Talley
Tracy
Vix^inia
Warren
H
Waseca
Welcome
Wells
»
Wendell
Wes thro ole
tt
willmar
n
Wilmont
Windom
Winona
n

.Amount
rediscounted
for month

Name

Metropolitan national
Midland Kational
Northwestern National
Farmers & Kerch Natl
First National
n
Moorhead National
Peoples First National
First National
National Farmers
Farmers National
Goodhue County Natl.
First National
State Bank
First National
«
Merchants National
American National
Capital National
Central Bank
First National
Merchants National
National Bk of Coaaerce
National Exchange
Peoples Bank
Exchange State
Stockyards National
First State
First National
n
n
Warren National
Farmers National
Welcome National
First National
Wells National
First National
Citizens State
First National
it
Kandiyohi County
First National
Deposit Bank
First National

1*297,439.17
3 551 050.25
18 090 600*00
150 000.00
115 170.60
180 000.00
70 000.00
15 000.00
15 000.00
320 000.00
15 000.00
70 000.00
160 000.00
25 100.00
IS §43.25
522 720.31
162 000.00
740 000.00
2 648 022.86
145 000.00
14 950 000.00
14 775 000.00
511 000.00
525 000.00
500 000.00
91 000.00
978 567.25
11 300.00
100
64
16
45
40
161
186
30
10
50
295
225

000.00
066.69
000.00
000.00
000.00
101.71
000.00
000.00
000.00
000.00
000.00
000.00

30 000.00
250 000.00
75 <200.00
85,387,468.12

Amount
held end
of month
972,439.17
4 503 550.25
17 347 250.00
60 000.00
55 170.60
50 000.00
50 000.00
15
40
15
20
40
12
13
309
80
465
1 588

000.00
000.00
000.00
000.00
000.00
550.00
543.25
370.08
000.00
000.00
997.47

5 776 500.00
8 200 000.00
558 200.00
300 000.00
390 000.00
53 500.00
1 000 780.34
15
25
64
8
45
20
81
93

000.00
000.00
068.69
000.00
000.00
000.00
101.71
000.00

10
135
75
15
15

000.00
000.00
000.00
288.40
000.00

75 000.00
64,748,865.18

.mm.PAWPA,,
Bottineau
Cando
Carrington
Cooperstown
Devils Lake
Edmore
Bllendale
East Falrview
Fargo
n
n
Flngal
Finley




First National
Cando National
First National
First National
Ramsey County Natl.
First National
Farmers National
First National
M

Merchants National
Northern Savings
First National
ii

40
60
28
22
40
90
41
1
350
133
358
28
65

600.00
000.00
698.38
184.93
000.00
000.00
003.95
896.66
000.00
921.53
058.03
000.00
000.00

32
30
28
15

900.00
000.00
698.38
184.93

30
60
10
352
181
198
14
25

000.00
919.75
690.20
500.00
364.82
058.03
000.00
000.00

38

-4$*.

Mwm
of gown
ftm ro
FuUorton
Golva
Grand Forks
Hatton
Hettinger
Hope
•»
Jameetoan
M
Killdeer
La Moore
Linton
Mo Till#
MSSldfln
Horton
Bsdlna
m inor
tftw>f^nli^fl
Minot
I n Rockford
ObSbb#
w
Reynolds
Header
Stariareather
Steele
Streeter
fottle
Wllllston
? m o v City
ft

Woodworth

Amount
redJscounted
for south

Kaiae of
-JShBSlLm.

First National
«
Korthwostera national
Far. & Mofcts. Katl.
Hattlnter State
First National
Hope national
eitIsons National
James Blver lational
First national
Parraors national
First National
**

it
**

n
Milnor national
First Kational
Sedond national
Union National
First national
it
Onlr^iT national
First national
*»

n

16
10
25
000
20
IB
20
9
88

652.59
000•00
790*46
000.00
ooo.oo
048*75
000*00
324.92
803.74

10 340.08
20 000.00
40 000*00
ISO 000.00
26 893.69
14 000.00
20 000.00
220 000.00
67 500.00
10 000.00
24 000.00
5 945.10
10 000.00
35 526.51
60 000.00
47 700.00

Merchants national
First Kational
»

852.59
OOO.OO
850*23
000.00

12 048*75
16
69
217
10
6
20
20
65
14
33

834.08
468.76
059.82
340.08
161.33
000*00
000.O0
000.00
286.05
303.56

20 000.00
135 000.00
82 500.00

8 346.20
2 630 288.79

2 279 910.93

ft

»

16
5
11
150

12 000.00
30 111.75
10 000*00
42 601*72
20 000*00
27 317.50
22 8O8.40
32 179*60
3 693.39
100 092.28
15 029.08
19 469.21
34 059.90
25 526.73

M

lati onal Bank
First National

Amount
held end
of aonth

100 092.28
11 665*23
7 905.76

saw * . p m s &
Aberdeen
R
Borosford
Bristol
Britton
Brookings
»
Carthage
Castlewood
Coster City
Bgn
Blictm
Fairfax
Faalkton
Floreno©
Gregory
»
Groton
Heola
»
Hot Springs
Howard
Hudson



Bakota national
First national
t*
Cltlsena Kational
First National
Bank of Broo)3ngs
First National
m
n
it
n
«
H
»
ft
*»
tf
Gregory national
Brow* County
Far. & Hefct&* State
First Kational
Peoples Bank
Howard national
First National

170 OOO.OO
250 000*00
10 897.94
16 000*00
47 916.00
240 394*00
118 211.79
11 962.75
94 702.46
10 000.00
55 148.63
50 000.00
65 000.00
41 120.45
7 740.17
13 116*69
20 629.50
14 095.84
40 000*00
46 150*00
15 926.99
31 018.05

75 000.00
100 OOO.OO
10 897.94
74
274
170
27
74

010.70
927.00
092.09
452.65
233*56

39
25
25
41
7

148.63
000.00
000*00
120.45
740.17

24
31
20
20
21
15
21
31

631*53
670.13
000.00
000.00
178.27
926,99
529.78
018*05

39

Basis of
ffflwa

jjaosmt
Kodiscoimtod
for month
Of DaCAfflbcti*

Haas of

...

-------

ifaroa
»

City National
First Sailenal

Kennebec
lake Hordes
Lak» Preston

ft

76 422*18
6 312*80

t#

Farzaers latiosal
First National
*t

Mllbank
Miller
;;itohoii
«

«
19
Hobridge
Morristown
W% Vernon
Parker
Pollock
Redfleld
«
Sioux Fails
»
«
<♦
32S8«ton
South Shore
fisibsr
3^ndals
Watertown
»»
Watabay
lebster
leasington Springs
Wins*?
Woonsocket
Yankton
Webstor

M
1*
Coos, frost & Savings
First national
liltchell national
Western Bational
First national
»
«
Asericaai Bational
Kodfleld national
Minnehaha Bational
Security national
Sioux Falls National
Sioox Falls Savings
First National
South Shore Bank
Stock Growers Stats
First Bational
Security National
First Bational
Secy Bk. & trust Co.
First lati onal
M
H
Dakota Bational
Iter t Mohts Bational

50 797.24
17 000.00
52 802*54
152 526.26
238 000.00
58 000.00
50 000.00201 455.81
570 000*00
25 000.00
20 850.00
2 100.00
20 000.00
13 363.39
10 000.00
137 500.00
34 000.00
100 000*00
100 000*00
258 953.30
430 166.03
70 000*00
26 000.00
10
557
297
17
22
9

000.00
000.00
480.66
400.00
171.20
147.98

100 000*00
25 000.00
6,129,400.65

Amount
held end
of aottth
122 536.31
82 371.87
2 620.80
44 009*80
11 000.00
17 802.54
M S 0S2.4B
100 000*00
28 000.00
25 000.00
119 455.81
315 843.18
118 982.54
17 450.00
23 816.86
54 575.88
13 363.39
190 047.65
40 000.00
575,000.00
550 561.31
291 087*35
13 000.00
16 964.20
160
154
S
24
78
10
20
40

000.00
980.66
700*00
097*13
832.11
983.38
711.61
000*00

4,650,403.81

MOMAEA
Big Sandy
Brockton
Carlyl©
Chester
Oat Bank
Deaton
»
Dillon
dodsou
FliUWjfUt
»»
Fort Bentos
Fresno
Geyser
Glasgow
Olendive
Orass Bange
Great Fails




Fsnaers Bational
First Bational
»
#*
*»
Denton State
First national
Security State
First Katlonal
A frican national
First latlonal
StQGtomm national
First Sail onal
h

Glasgow National
First lati onal
«
Cotaaerclal Kat ional

15 000.00

3 000.00
It 629.61
3 662.09
18 768.75
3 915.61
7 979.35
200 000.00
4 607.63
9 000.00
30 000.00
28 954.25

3 150.00
7 500.00
13 455.20
3 000.00
50 029.25
33 584.07
29 265.04
18 768.75
5 200.00
9 079.59
14 994*00
39 708.62
100 000.00
9 005.90
3 638.35
12 000.00
30 000.00
4 958*78
177 534.39

40

Bam
o* gown
Great falls
Barlowton
Helena
Higbwood
Hlngham
Hinsdale
n
Tinfjtlr*

Inverness
Jo p lin

Juilth Cap
Lanfcert
laurel
Leeistosm
»

Sftssoula
H O O *®

Hashua
Plevna
Poison
Pozapegrs Pillar
Poplar
E ^aljQ
Baysaond
Head Point
B©serve
Bichey
Roundup
Boy
Savage
Savoy
Scobey
Sidney
fhree Forks
Wsstbjr
Wolf Point

Aiaonnt
redisconnted
for month

Jsrae
of Bank

- £ S L ,M 2 9 $ m ~ .

Great I&lls national
First National
Conrad Srust £ Savings
First *ati«ial
Hinghaa state
First National
Valley County
First national
Inverness State
First national

75 000.00
60
28
4
14

443*00
801.OO
642.94
631.68

Asxrant
h^ld end
of asmtl|
75 000.00
12 367*44

Herahants National
First national

14 240.95

H

18 959.44
2 425*50
6 510*64

31 849.00
17 242*24
14 831*68
21 580.00
4 809*00
§ 392.87
5 787*67
5 780.00
2 258.62
2 958*37
66 000*00
238 060*74
97 000.00
11 752.49
5 774*10
2 500.00
38 949.13
6 680.33
16 363.75
25 576.33
16 504*08
8 135.57
12 675*36
4 559*85
3 060*00
9 292.50
16 201.57
10 454*56
2 083*35
22 405*35
3 780.00
20 494*01
2 425*50
16 182.39

1 174 128*02

1 422 039.76

4 803*0®
1 200*00

«

Citizens national
Bk. of Fe*$ss County
First Hationaa
iraertoan Bk & f v m t Co*
First National
n

ct
it
M
«

2 258.62
2 958*37
225 500.00
ISO 760*95
97 0O0.00
11 752.49
5 774*10
2 500.00
15 992*06
5 000*00
1 585.00

»

n

24
8
12
4

*»

3

Heed Point State
First National

504*08
135*57
675*36
559*85
060 *00

**

n

16 201*57
7 528.56

n
n

H
«

WISCQKSrS
Boyoevllle
Ellsworth
Glenssood City
n

Hsyvard
Hudson
Medford
Isw Richmond
Whitehall




Bank of Boyotfville
Bank of Ellsworth
Farmers National Bank
First State
First Hatlonal
national Bank of Hudson
First lationc£
Bank of Sew Richmond
Peoples State

80
60
30
20
40
54
60
174
90

000*00
000*00
505.43
000*00
000*00
000.00
000.00
238*87
000.00

40 000.00
30 000.00
16 210.67
20 (K)0*00
20:^000*00
27 000*00
30 000.00
105 170*49
10 956.19

688 744.30

299 3S7.S&

-6«MICHIGAN
Aaount
rod!scounted
for aontk

Bame
of gown

Amxmt
ond
otmonth

■
..

Beeseoer, Midi
Eacanaba
Gladstone
Glsdatcme

FI ill National
u
1*

20
m
as
360

Gladstone State Savings
Superior Batioml
First National
Oonsaeroial Bank
first Batloaal
Gogol?ic national
first &atl<mal
Besaaaee national
First national

H&ifceH
Iron Sotmtain
Iren Bftrer
Iroijwood
Staisticxae
logamee
f&kafield

000*00
ooo*oo
000.00
000.00

m qoo . oo
10 000.00
1 7 0 000*00
M 4&M &
16 060.00
45 000.00
47 000.00
40 000.00

18 072.07
50 000*00
94 OOO.QO
40 000.00
36 120.00
95 000.00
20 000*00

40 000.00
12 500.00

795 192.07

As&mt
Aisount
Aamyqn^
Aaamt

rodiseotmted for mmtoBY %mtim during Docos&er
of aaafetr taOcs liability account of rediscount®
pf AgQefftflTHftQff $REFfl$MMNP& 4urll^ D@CSBflX9r
a# Accai>tances M M ftf# of DttCember

401 034.66

9&9?4Sta01*S5
73,861,591.62
1 *M 7 *9 84 *6 4

U*£»»*4S£*47

H O T f OS' OT)iSC<OTfS S O T BT s n «83 DISHHSIK S3., 1919
64,748,665.18
2 *2 7 M *0 .9 3
4*680,403*61
1,422,039.76
299,337.35
4S1,GS4*66

Ml8ZtS8Ct&
north Dakota
3outh Dakota
Michigan
STisocmein

73*851*591.69

.i m
Bankers Batlonal Bank




J E iflm ja y a a

...

KIim«apoli8,Mto.

10

OI^eDBATO

5«500#00

1ESB3S BASKS COLLATERAL BOTES K ?A3t BOB AOCOOSS Af CW SS OF BBS K IS S ESC. 3 1 , 1919

m
m

,

B ii- iV
iwyiK
,

fJr»t Rational Ban};

Hedlsa, r.B ak.

Uonfc
Adrian* Minn*

0lonwood 01%* S U .

tW -

ifue

12/27/19

liQastm.

Jfofc iroffioiaat
balance Im re««*v#
aoooont to cbarg*.

26,093*69

"

12/30/19

"

12/31/13

"

55*000*00

12/31/19

*

20,000*00

?lnt State Bank

11

7*500*00

♦Total*— -----109*2523*69

1/6/20




Th» abov« notes are folly s « M

Isy fraaam ^ Cartif loatos

aaft Liberty £o*a* Bond®, mid Jrnv© sinoo been renewed or paid*

43