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Circular N o . FEDERAL RESERVE BANK 1 Series of 1922 OF DALLAS January 3, 1922. TO THE STOCKHOLDERS OF THE FED ERAL RESERVE BANK OF D A LL A S: W e are pleased to present herewith a comparative statement of the condition of the Federal Reserve Bank of Dallas, includ ing its Branches, as at the close of business December 31, 1920 and December 31, 1921, together with statistical data showing the principal operations of the bank for the year just closed, which will give you a general idea of the numerous services this bank is rendering its members. Respectfully, Governor. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) COMPARATIVE STATEMENT OF CONDITION OF FEDERAL RESERVE BANK OF DALLAS, INCLUDING ITS BRANCHES. Dec. 31st, 1921 Dec. 31st, 1920 Bills discounted and bought............................................................. ... $ 50,762,038.40 70,943,294.51 RESOURCES: U. S. Bonds and Treas. Notes to secure circulation................... 3,295,900.00 11,032,400.00 Other U. S. bonds and Treasury notes..........—............................. 1,233,600.00 1,246,850.00 Bank premises..................................................................................... ... 2,167,995.50 1,638,535.93 Cash and due from banks (not reserve)....................................... 1,573,914.00 4,169,481.50 Federal Reserve Notes on hand............._.... .................................... 4,068,060.00 5,300,700.00 Federal Reserve Bank notes on hand......................._..................... 223,359.00 1,643,800.00 Gold settlement fund...................... ......................... -....................... ...... 8,517,730.57 2,074,262.77 Gold with Federal Reserve Agent................................................... ..... 14,033,842.88 28,914,857.40 Gold and lawful money..................................................................... ...... 13,412,481.14 14,462,941.21 85,800.00 Gold held with foreign agencies.......................................... .......... Deferred debits, checks and drafts in process of collection....... ... 24,092,822.46 7,065,556.68 Federal Reserve Banks-Transfers bought (net)......................... Fiscal Agency expense— Collectable.............................................. 3,113.43 Due from other Federal Reserve Banks (net).................... ........ 27,567.02 Other resources.................................................................................— 31,727,824.55 2,908,241.47 Total.......................................................... -..................... ... $126,320,725.87 23,657.88 1,279,876.17 $181,609,838.60 LIABILITIES: Capital Stock....................................................................................... 4,203,200.00 4,098,550.00 Surplus............................................ -........ -......................................... ... 7,394,097.30 6,032,744.30 Federal Reserve notes issued.......................... ................................ ... 39,537,770.00 84,753,545.00 Reserve deposits (member banks)................................................. ... 43,371,768.66 46,994,823.71 U. S. Government deposits............................................................... 4,343,673.74 1,660,176.64 Foreign Banks ................................................................................... 208,000.00 104,000.00 22,635,545.30 28,235,534.27 Federal Reserve Bank notes (secured bv U. S. Bonds ) ........... 2,949,800.00 8,744,800.00 Reserve for depreciation on U. S. Securities................................. 289,957.00 240,662.50 Other liabilities................................................................................... 1,386,913.87 745,002.18 Deferred credit— Checks and drafts in process of collection..... ... Total.......................................................... ............... ...... ... $126,320,725.87 Rediscounts with other Federal Reserve Banks........................... None $181,609,838.60 $26,694,600.00 VOLUME OF SOME OF THE TRANSACTIONS OF THE FEDERAL RESERVE BANK OF DALLAS, AND ITS BRANCHES, DURING 1921. Discounts and advances, 147,405 items, aggregating $771,950,758. Federal reserve notes and other paper money handled and counted, 47,098,293 pieces, aggregating $233,734,810. Shipments of currency and coin forwarded 17,300 shipments. Checks collected, 26,880,515 items, aggregating $4,382,334,151. Notes and drafts collected, 86,232 items, aggregating $95,763,057. Telegraphic transfers $449,330,000. of funds, 14,673 transfers, aggregating Balances settled through gold settlement fund, $2,100,567,290. United States Government checks and warrants paid, 1,140,587 items, aggregating $99,275,696. Government bond department transactions, 955,201 pieces, aggregating $98,501,055. Total certificates of indebtedness department transactions, including issues and redemptions $100,505,600. Securities handled in custody department for United States Treasury and member banks $275,649,098. PERSONNEL FEDERAL RESERVE BANK OF DALLAS Officers. W. F. RAMSEY, Chairman of the Board and Federal Reserve Agent. R. L. VAN ZANDT, Governor. R. G. EMERSON, Acting Deputy Governor. W. B. NEWSOME, Deputy Chairman. R. R. GILBERT, Cashier. CHAS. C. HALL, Assistant Federal Reserve Agent and Secretary. R. BUCKNER COLEMAN, Assistant Cashier. FRED HARRIS, Assistant Cashier. DWIGHT P. REORDAN, Assistant Federal Reserve Agent. W. O. FORD, Assistant Cashier. D. S. LAWHON, Acting General Auditor. JAMES L. LUMPKIN, Assistant Cashier. CHAS. C. HUFF, General Counsel. REECE T. FREEMAN, Assistant Cashier. E. B. STROUD, JR., Office Counsel. Directors, Class B. Class A, MARION SANSOM, Fort Worth, Texas, 1922. JOHN T. SCOTT, Houston, Texas, 1924. HOWELL E. SMITH, McKinney, Texas, 1923. FRANK KELL, Wichita Falls, Texas, 1924. B. A. McKINNEY, Dallas, Texas, 1922. J. J. CULBERTSON, Paris, Texas, 1923. Class C. W. F. RAMSEY, Dallas, Texas, 1923. W. B. NEWSOME, Dallas, Texas, 1924. H. O. WOOTEN, Abilene, Texas, 1922. EL PASO BRANCH Officers. W. C. WEISS, Manager W. P. CLARKE, Assistant Federal Reserve Agent, M. CRUMP, Cashier. ALLEN SAYLES, Assistant Cashier. and Auditor. Directors. W. C. WEISS, El Paso, Texas. U. S. STEWART, El Paso, Texas. W. W. TURNEY, El Paso, Texas. A. F. KERR, El Paso, Texas. A. P. COLES, El Paso, Texas. HOUSTON BRANCH Officers. FLOYD IKARD, Manager. R. L. KING, Assistant Federal Reserve Agent, and LAURENCE E. DIGNAN, Cashier. M. D. JENKINS, Assistant Cashier. Auditor. Directors. E. F. GOSSETT, Houston, Texas. FRANK ANDREWS, Houston, Texas. R. M. FARRAR, Houston, Texas. GUY M. BRYAN, Houston, Texas. J. J. DAVIS, Galveston, Texas.
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