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Supplement to BANKING & MONETARY STATISTICS SECTION 11 Currency BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Preface In 1943 the Board of Governors published Banking and Monetary Statistics to make available in one place and on a uniform basis major series relating to banking, monetary, and other financial developments. The statistics usually covered the period from 1914, when the Federal Reserve System was established, through December 1941. To bring together for the period since 1941 the most important series in that volume, to revise the data previously published, and to present new series, the Board is publishing a series of pamphlets. Most of these pamphlets correspond to sections in Banking and Monetary Statistics, but some may cover new subjects. Most of the data included in these pamphlets have already been published in the Federal Reserve Bulletin, and current figures for most of the series are published in it each month. In some instances, however, the type of presentation may vary considerably from that in the Bulletin. This is one of the new pamphlets. As in Banking and Monetary Statistics, there is a brief description of the purpose and history of the data, the sources of the figures and the methods by which they were compiled, and other facts to guide the reader in using the figures. Much of the information that is customarily included in footnotes to tables has been incorporated in the text. Footnotes have been used for the most part to call the reader's attention to any lack of comparability of items over the period covered. Board of Governors of the Federal Reserve System Washington, D. C. February 1963 Price per copy, 35 cents Contents Page INTRODUCTION 1 CURRENCY IN CIRCULATION 1 COMPOSITION OF CURRENCY IN CIRCULATION 2 DESCRIPTION OF TABLES 3 SOURCES OF CURRENT STATISTICS 3 TABLES: 1. Kinds of Currency in Circulation, June 30, and End of Month, 1941-61 2. Denominations of Currency in Circulation, End of Month, 1941-61 KEY TO SYMBOL USED IN TABLES 4 8 11 ii. Currency ingly, accurate and up-to-date information on the volume of currency in circulation is necessary to the Federal Reserve in carrying out its responsibility for influencing the flow of bank credit and money. "CURRENCY" AS USED in this section means coin and paper money. The issuance of currency has been restricted to the Treasury and the Federal Reserve Banks since August 1, 1935, on which date all provision for issuance of national bank notes ceased upon redemption of the last outstanding issue of bonds carrying the circulation privilege. Prior to 1935 national banks could issue bank notes against certain U. S. Government bonds deposited with the Treasury. Currency is the most convenient means of payment for many purposes, and practically all small money payments are made in currency. In addition, many people hold currency as a store of value either because they have no bank accounts or for other reasons. However, since most money payments of substantial amounts are made by checks drawn on bank deposits, currency represents the smaller part of the total supply of means of immediate payment. For example, on June 30, 1962, currency in circulation amounted to $181 per capita, while demand deposits in banks were nearly four times as much. The statistics in this section relate to currency in circulation and its composition. The volume of currency in circulation is significant for two reasons: first, because currency in circulation outside banks is a part of the total money supply; second, because withdrawals of currency from banks affect the volume of bank reserves and, unless offset by monetary action, the ability of banks to extend credit.1 Accord- The term "currency in circulation" means currency outside the Treasury and Federal Reserve Banks, except for: (1) gold coin and silver coin known to have been exported and (2) beginning with January 31, 1934, all gold coin outstanding. Currency in circulation thus includes all coin and paper money held by the public, whether in active use or idle—that is, cash carried in pockets of individuals, that in the vaults of banks and the cash registers of merchants and other businessmen, and that hoarded or otherwise kept idle. It also includes some paper currency that strictly speaking is not a part of the money supply in the hands of the public, namely, currency lost or destroyed and currency held abroad. Because no accurate measure of such currency is available, it is impossible to exclude it from current statistics of currency in circulation. However, the amount may be presumed to change only slightly, except perhaps over relatively long periods of time or under unusual circumstances.2 Among the factors that cause changes in currency in circulation are trends in business conditions, growth in population, changes in the 1 Statistics on the money supply and its two components, demand deposits and currency outside banks, are contained in "Banks and the Monetary System," Section 1 of Supplement to Banking and Monetary Statistics (1962), and are published currently in the Federal Reserve Bulletin. These statistics show currency outside banks both adjusted and not adjusted for seasonal variation. No data are available for currency outside banks by kind or by denomination. 2 In August 1962, under authority of the Old Series Currency Adjustment Act of 1961, the Treasury determined that $58 million in old large-size notes of various types had been destroyed or irretrievably lost, and in October 1961 it made a similar determination in respect to $1 million of Treasury notes of 1890. Beginning with the months referred to, these amounts have been excluded from the statistics of currency in circulation. CURRENCY IN CIRCULATION public's need for pocket money, and seasonal requirements. During World War II the amount of currency in circulation increased greatly in response to a variety of influences: the growth of payrolls, retail trade, and travel; many and widespread changes in places of residence; payments to members of the armed forces; larger incomes of people not in the habit of using banks; and no doubt some hoarding. The demand for additional currency subsided after the War, and circulation declined somewhat between the middle of 1947 and the end of 1950. During the war in Korea, demand for currency again strengthened and, except for the year 1954, has continued to expand. In contrast to the long-term trends, there are sharp changes in seasonal needs for currency. The demand varies with the day of the week, with different parts of the month, and with different seasons of the year. Around any major holiday the volume of currency in circulation fluctuates sharply. In the last 2 months of the year circulation will increase by a billion dollars or more, decreasing by almost as much in the early part of the following year. With the exception of a relatively small amount handled through the Cash Division of the Treasury in Washington, D. C , all currency goes into and out of circulation through the Federal Reserve Banks. The machinery of the Federal Reserve System enables the public to convert bank deposits into cash, and vice versa, to suit its convenience. When people want more currency, they obtain it by drawing on their deposits at banks; the banks, in turn, obtain their currency, directly or indirectly, from the Federal Reserve Banks. When people no longer want all the currency they have on hand, they deposit the excess in banks, and the banks subsequently deposit any excess with the Federal Reserve Banks. COMPOSITION OF CURRENCY IN CIRCULATION In mid-1914, before the Federal Reserve Banks opened, gold coin and certificates formed nearly 50 per cent of the currency in circulation, national bank notes about 20 per cent, silver dollars and certificates about 15 per cent, and United States notes about 10 per cent. In 1940, before the expansion in circulation which occurred during the war, Federal Reserve notes accounted for nearly 66 per cent of the currency in circulation. In mid-1961 they accounted for about 85 per cent (Table 1). Federal Reserve notes, silver certificates, and United States notes are the kinds of paper money currently being printed and paid into circulation. Other types still in circulation— national bank notes, Federal Reserve Bank notes, gold certificates, and Treasury notes of 1890—are being retired when received by the Federal Reserve Banks or the Treasury.3 The Treasury issues silver certificates and United States notes. The quantity of silver certificates that can be issued is limited to the amount of monetary silver in the Treasury. The outstanding amount of United States notes is fixed by law at $347 million. Federal Reserve notes are issued in amounts necessary to supply the demand for paper currency beyond that taken care of by Treasury currency. Thus they constitute the flexible element in the circulation. In recent years the Treasury has issued silver certificates in denominations of $1, $5, and $10, and United States notes in denominations of $2 and $5. All $1 bills are silver certificates, and to the extent that the public demand for $1 bills does not use the available monetary silver backing, larger denominations are issued. All $2 bills are United States notes, and to the extent that the public's demand for $2 bills falls short of $347 million (the amount of United States notes that must be maintained), $5 United States notes are issued. To the extent that $5 silver certificates and $5 United States notes together fall short of the public's demand for this denomination, Federal Reserve notes are issued. 3 Federal Reserve Bank notes—not to be confused with Federal Reserve notes—were issued in small amounts at various times by the Reserve Banks. The last time was in 1942-43 (Table 1). Authority to issue Federal Reserve Bank notes was terminated by the Act of June 12, 1945. Federal Reserve notes are currently being printed in denominations of $5, $10, $20, $50, and $100. Existing stocks of larger denominations are still being paid out by the Federal Reserve Banks when requested by their member banks, but the amounts in circulation have been declining since 1945. The fact that both the Treasury and the Federal Reserve Banks issue paper currency is not so complicated as it might seem, and it causes no problems in administration. A brief historical description of the currency system appears in the paper "Currency System of the United States" in Banking Studies (pages 65-83), a publication of the Board of Governors (Washington, 1941). The monetary significance of currency is discussed in the paper "Money System of United States" in the same publication (pages 295-319) and in The Federal Reserve System—Purposes and Functions, (Board of Governors, Washington, 1961, pages 155-63). For a discussion of the demand for currency in World War II, see the article "Currency in Circulation" in the Federal Reserve Bulletin for April 1944, pages 318-28. DESCRIPTION OF TABLES The figures for both tables in this section are based on data compiled by the Treasury Department and published in the monthly "Circulation Statement of United States Money," which shows, for each kind of currency, the amount (1) outstanding, (2) held in the Treasury, (3) held by Federal Reserve Banks and Agents, and (4) in circulation. A second part of the statement gives a denominational breakdown of the amount of each kind of paper currency in circulation. The first part of the statement for November 30, 1960, adapted to show a separate total for Treasury currency, is shown in Section 10 of Supplement to Banking and Monetary Statistics, page 13. Both tables give data for the period 194161. Currency in circulation by kind is shown for the end of each fiscal year (June 30) and for the end of each month in Table 1. Table 2 shows monthly figures of paper currency in circulation by denomination. It also shows monthly figures for total coin in circulation, whereas Table 1 shows a breakdown of this total into silver dollars, subsidiary silver 25^' and 10^), and minor coin (5^ and SOURCES OF CURRENT STATISTICS Estimates of total currency in circulation for each Wednesday and an average of daily estimates for the week ending Wednesday are available in the Board's weekly release (H.4.1) "Factors Affecting Bank Reserves and Condition Statement of Federal Reserve Banks." These estimates are also published in the Federal Reserve Bulletin. Figures for currency in circulation by kind and by denomination (derived from the "Circulation Statement of United States Money") are also published in the Bulletin. KINDS OF CURRENCY IN CIRCULATION, 1941-61 [In millions of dollars] End offiscalyear (June 30) and end of month Gold Standard silver dollars Total certificates June 30,1941 1942 1943 1944 1945 9,612 12,383 17,421 22,504 26,746 63 59 57 54 53 66 84 103 52 1946 1947 1948 1949 1950 28,245 28,297 27,903 27,493 27,156 50 48 45 43 41 148 156 164 170 1951 1952 1953 1954 1955 27,809 29,026 30,125 29,922 30,229 1956 1957 1958 1959 I960 1961 1941 Jan Feb Mar Apr May June July AUE .... Sept Oct Nov Dec 1942 Jan Feb . Mar Apr . May July AUE Sept Oct Nov Dec 1943—Jan Feb Mar Apr May June July AUK Sept Oct Nov Dec 1944—Jan Feb Mar Apr May June July AUE Sept Oct Nov Dec For NOTE see p. 7. . . Silver certificates Subsidiary silver Minor coin United States notes 1,714 1,754 1,649 1,588 434 504 610 700 194 213 236 263 300 317 322 322 125 1,651 788 292 323 140 2,025 2,061 2,061 2,061 2,177 843 317 317 876 919 940 965 331 346 355 361 320 321 319 321 2,092 2,088 2,122 2,135 2,170 1,020 1,093 1,150 1,165 1,202 378 393 318 318 413 419 433 318 320 319 1,259 1,315 1,346 1,415 1,484 453 474 487 514 318 321 317 316 549 1,548 585 403 406 413 39 38 180 191 37 35 34 202 212 223 30,715 31,082 31,172 31,914 32,065 33 33 32 31 237 253 268 285 30 305 2,148 2,162 2,200 2,155 2,127 32,405 30 329 2,094 8,593 8,781 8,924 9,071 9,357 9,612 9,732 9,995 10,163 10,364 10,640 11,160 64 64 64 50 50 51 63 63 63 63 51 52 53 54 62 62 55 56 62 61 61 57 59 60 L595 1,635 ,651 1,654 ,697 1,714 1,691 1,723 1,724 ,715 ,737 1,733 11,175 11,485 11,566 11,767 12,074 12,383 12,739 13,200 13,703 14,210 14,805 15,410 61 61 60 60 61 61 62 64 60 59 65 66 59 59 67 69 59 59 71 73 58 74 58 76 15,590 16,088 16,250 16,660 17,114 17,421 17,955 18,529 18,844 19,250 19,918 20,449 58 77 58 57 57 57 57 57 57 56 56 55 78 79 81 82 84 85 87 89 90 92 55 95 55 96 55 55 54 54 54 54 53 53 53 53 53 97 98 100 102 103 105 107 109 111 113 116 20,529 20,824 21,115 21,552 22,160 22,504 22,699 23,292 23,794 24,425 25,019 25,307 Treasury notes of 1890 1 6,684 9,310 13,747 18,750 22,867 Federal Reserve Bank notes National bank notes 20 19 584 597 150 139 132 126 527 120 23,973 23 999 23,600 23,209 22,760 464 114 406 353 309 274 106 99 93 86 23,456 24,605 25,609 25,385 25,618 243 221 200 180 163 81 77 73 70 67 147 133 120 110 64 62 59 57 318 26,055 26,329 26,342 27 029 27,094 100 56 318 27,353 92 54 183 184 186 278 278 277 21 21 21 156 155 154 418 426 434 438 189 191 194 196 274 286 300 307 5,842 5,985 6,106 6 247 6,468 6 684 6,813 7,027 7,181 7,378 7,615 8,138 21 20 20 20 153 152 150 149 20 20 148 147 20 20 19 146 145 144 8,253 8 514 8,587 8,769 9,022 9,310 9,650 10,068 10,580 11,118 11 667 12,081 19 19 19 19 143 143 142 141 19 19 140 139 19 18 138 138 18 18 137 136 18 136 188 135 362 135 474 534 557 574 584 599 615 622 626 627 134 134 133 133 132 131 131 130 130 129 624 129 621 128 620 613 608 603 597 590 587 582 574 569 560 128 127 127 126 126 125 125 125 124 124 123 445 455 199 202 313 314 463 474 481 205 208 209 317 321 313 1,657 1,695 ,697 1,707 1,745 1,754 1,764 1,786 1,754 1,704 1,731 1,751 471 475 482 488 206 206 208 209 302 309 307 309 496 504 211 213 316 317 510 521 215 218 315 321 537 551 222 225 324 326 565 227 327 575 228 317 1,700 1,703 1,674 1,667 1,670 1,649 1,633 1,621 1,594 [,579 1,571 1,566 567 226 312 573 583 593 600 610 619 630 641 649 662 226 228 230 232 236 239 243 246 248 251 317 316 318 324 322 322 325 320 321 324 1,522 1,507 1,543 1,550 ,601 ,588 ,578 1,582 .586 1,592 1,604 1,611 Federal Reserve notes 671 254 318 665 252 315 668 676 682 693 700 707 716 725 738 751 758 253 255 257 260 263 266 269 272 276 280 282 320 318 321 324 322 322 324 323 324 325 321 12,152 12,523 12,643 13 023 13,440 13 747 14,268 14 820 15,146 15,550 16,205 16,737 16,874 17 176 17,429 17,852 18,395 18 750 18,951 19,527 20,017 20,631 21,200 21,482 1. KINDS OF CURRENCY IN CIRCULATION, 1941-61 — Continued [In millions of dollars] 751 757 765 772 784 788 800 808 812 818 825 832 282 283 285 287 290 292 296 299 301 303 305 307 316 320 320 321 322 323 322 322 318 316 316 316 21,533 21,964 22,100 22,384 22,651 22,867 23,139 23,685 23,818 24,008 24,136 24,388 554 550 544 537 533 527 521 517 513 506 499 494 123 122 122 121 121 120 119 119 119 118 118 117 1,827 1,864 1,916 1,978 2,018 2,025 1,996 2,002 2,009 1,987 2,006 2,009 819 820 824 830 837 843 849 853 862 872 878 882 306 307 309 312 315 317 320 323 325 328 331 331 307 307 306 303 317 317 314 317 315 314 319 316 23,867 23,868 23,741 23,685 23,861 23,973 24,010 24,192 24,237 24,347 24,580 24,672 487 484 479 473 468 464 458 454 451 444 440 434 117 116 116 115 114 114 113 113 112 111 111 110 147 147 147 147 148 148 149 150 151 152 152 154 1,916 1,954 1,994 2,022 2,070 2,061 2,033 2,051 2,043 2,029 2,040 2,039 864 864 869 873 874 876 875 878 887 895 903 908 327 327 328 331 330 331 332 334 337 339 341 343 308 314 314 318 321 320 317 320 317 315 320 313 24,114 24,116 23,999 23,853 23,953 23,999 23,887 24,151 24,289 24,283 24,475 24,582 429 424 421 414 410 406 400 397 391 387 383 378 110 109 108 108 107 106 106 106 105 104 103 103 46 46 46 46 45 45 45 45 45 44 44 44 153 154 154 154 155 156 157 159 160 160 161 162 1,947 1,951 1,973 2,009 2,060 2,061 2,045 2,053 2,052 2,054 2,076 2,059 890 892 899 903 910 919 917 924 930 937 947 946 339 339 341 342 344 346 348 350 352 353 356 356 303 307 308 310 315 321 318 321 319 318 320 312 23,953 23,857 23,592 23,489 23,525 23,600 23,588 23,760 23,820 23,872 23,994 23,918 375 370 365 361 357 353 349 345 342 338 334 330 102 101 101 100 100 99 98 98 97 97 96 95 27,580 27,557 27,439 27,417 27,507 27,493 27,394 27,393 27,412 27,407 27,543 27,600 44 43 43 43 43 43 43 42 42 42 42 42 162 162 162 162 163 164 165 166 166 167 167 168 1,978 1,994 2,013 2,053 2,078 2,061 2,050 2,071 2,095 2,104 2,114 2,120 927 927 931 934 938 940 937 938 943 948 956 955 352 352 353 353 355 355 356 357 358 359 361 361 308 311 310 315 318 319 316 317 315 315 317 312 23,386 23,350 23,213 23,146 23,205 23,209 23,130 23,106 23,101 23,085 23,202 23,262 326 322 319 315 312 309 306 302 299 296 293 291 95 94 94 93 93 93 92 91 91 90 90 89 26,941 27,068 27,042 27,048 27,090 27,156 27,010 27,120 27,161 27,228 27,595 27,741 41 41 41 41 41 41 41 41 40 40 40 40 168 168 168 168 169 170 171 172 173 174 176 177 2,023 2,064 2,095 2,121 2,179 2,177 2,134 2,131 2,136 2,111 2,132 2,129 934 936 944 951 961 965 964 969 975 984 998 1,002 356 355 356 358 360 361 362 365 367 369 373 375 306 315 317 319 322 321 316 320 318 317 318 313 22,737 22,816 22,749 22,723 22,694 22,760 22,664 22,768 22,801 22,885 23,212 23,363 286 284 283 279 276 274 271 268 265 263 260 257 89 88 88 87 87 86 86 85 85 85 84 84 1945—Jan... Feb... Mar.. Apr... May. June. July.. Aug.. Sept.. Oct... Nov.. Dec. 25,290 25,751 25,899 26,189 26,528 26,746 27,108 27,685 27,826 28,049 28,211 28,515 53 53 53 52 52 52 52 52 52 51 51 51 117 118 120 122 123 125 127 129 130 132 133 136 1,561 1,583 1,589 1,593 1,652 1,651 1,731 1,754 1,762 1,796 1,827 1,872 1946—Jan... Feb... Mar.. Apr.. May. June. July.. Aug.. Sept.. Oct... Nov.. Dec. 27,917 27,954 27,879 27,885 28,120 28,245 28,254 28,448 28,507 28,600 28,861 28,952 51 51 51 51 50 50 50 50 50 50 49 49 136 136 137 138 139 140 142 143 144 145 146 148 1947—Jan... Feb... Mar.. Apr.. May. June. July.. Aug.. Sept.. Oct... Nov.. Dec. 28,262 28,304 28,230 28,114 28,261 28,297 28,149 28,434 28,567 28,552 28,766 28,868 49 49 48 48 48 48 48 47 47 47 47 47 1948_Jan... Feb.. Mar.. Apr.. May. June. July.. Aug.. Sept.. Oct... Nov.. Dec. 28,111 28,019 27,781 27,716 27,812 27,903 27,866 28,055 28,118 28,176 28,331 28,224 1949_jan... Feb... Mar.. Apr.. May. June. July.. Aug.. Sept.. Oct... Nov.. Dec. 1950—Jan... Feb... Mar.. Apr.. May. June. July.. Aug.. Sept.. Oct... Nov.. Dec. For NOTE see p. 7. National bank notes United States notes Gold certificates Standard silver dollars Silver certificates Treasury notes of 1890 1 1 1 Subsidiary silver Federal Reserve notes Federal Reserve Bank notes Minor coin Total End of month 1. KINDS OF CURRENCY IN CIRCULATION, 1941-61 — Continued [In millions of dollars] Total Gold certificates 1951—Jan... Feb... Mar.. Apr.. May. June. July.. Aug.. Sept.. Oct... Nov.. Dec. 27,048 27,188 27,119 27,278 27,519 27,809 27,851 28,155 28,288 28,417 28,809 29,206 40 40 39 39 39 39 39 39 39 39 39 38 177 177 177 178 179 180 182 183 185 186 187 189 2,026 2,051 2,059 2,077 2,094 2,092 2,059 2,057 2,072 2,068 2,066 2,079 1952—Jan... Feb... Mar.. Apr.. May. June. July.. Aug.. Sept.. Oct... Nov.. Dec. 28,386 28,465 28,473 28,464 28,767 29,026 28,978 29,293 29,419 29,644 30,236 30,433 38 38 38 38 38 38 38 38 37 37 37 37 188 188 188 189 190 191 193 195 196 197 197 199 1,966 1,998 2,030 2,041 2,090 2,088 2,063 2,080 2,095 2,093 2,115 2,105 1953—Jan... Feb.. Mar.. Apr.. May. June. July.. Aug.. Sept.. Oct... Nov.. Dec. 29,691 29,793 29,754 29,843 29,951 30,125 30,120 30,248 30,275 30,398 30,807 30,781 37 37 37 37 37 37 36 36 36 36 36 36 198 199 199 200 201 202 204 205 207 207 208 210 1954—Jan... Feb... Mar.. Apr.. May. June. July.. Aug.. Sept.. Oct... Nov.. Dec. 29,981 29,904 29,707 29,735 29,870 29,922 29,892 29,929 29,985 30,074 30,500 30,509 36 36 36 36 36 35 35 35 35 35 35 35 1955—Jan... Feb... Mar.. Apr.. May. June. July.. Aug.. Sept.. Oct... Nov.. Dec. 29,789 29,817 29,800 29,769 30,009 30,229 30,244 30,317 30,422 30,559 30,993 31,158 1956—Jan... Feb... Mar.. Apr.. May. June. July.. Aug.. Sept.. Oct... Nov.. Dec. 30,228 30,163 30,339 30,210 30,513 30,715 30,604 30,757 30,768 30,839 31,424 31,790 End of month For NOTE see following page. Standard silver dollars Silver certificates Treasury notes of 1890 Subsidiary silver Federal Reserve Bank notes Minor coin United States notes 982 987 993 1,000 1,013 1,020 1,027 1,035 1,044 1,056 1,064 1,073 371 372 373 374 376 378 382 384 387 390 391 392 303 311 310 314 316 318 314 320 319 320 320 316 22,811 22,916 22,834 22,966 23,173 23,456 23,526 23,817 23,924 24,043 24,428 24,807 254 252 250 247 245 243 241 239 237 234 233 232 83 83 82 82 82 81 81 80 80 80 80 79 1,055 1,056 1,062 1,073 1,083 1,093 1,097 1,102 1,108 1,121 1,135 1,141 388 386 387 389 392 393 396 398 401 404 407 410 308 313 315 315 318 318 315 316 318 317 322 314 24,135 24,179 24,147 24,116 24,356 24,605 24,580 24,870 24,971 25,184 25,733 25,941 229 228 226 223 222 221 218 217 215 214 212 210 79 79 78 78 78 77 77 77 76 76 76 75 2,006 2,027 2,065 2,089 2,116 2,122 2,107 2,106 2,100 2,098 2,120 2,100 1,116 1,120 1,130 1,138 1,144 1,150 1,151 1,156 1,166 1,174 1,185 1,179 406 406 407 409 410 413 414 416 419 420 423 424 305 312 314 314 316 318 317 319 316 316 321 316 25,337 25,410 25,321 25,376 25,451 25,609 25,618 25,738 25,762 25,879 26,249 26,253 208 207 205 204 202 200 198 197 195 193 192 190 75 75 74 74 74 73 73 73 72 72 72 72 208 209 209 209 210 212 213 214 215 216 216 218 2,017 2,041 2,070 2,107 2,135 2,135 2,122 2,137 2,160 2,169 2,172 2,143 1,149 1,146 1,152 1,158 1,160 1,165 1,161 1,165 1,172 1,179 1,191 1,186 418 416 416 417 417 419 419 421 423 424 428 429 306 309 312 315 321 320 316 319 319 320 319 311 25,587 25,490 25,257 25,239 25,338 25,385 25,377 25,390 25,413 25,487 25,895 25,945 187 186 185 183 182 180 179 177 175 174 173 171 71 71 71 70 70 70 70 69 69 69 69 68 35 35 35 35 35 34 34 34 34 34 34 34 218 219 219 221 221 223 224 226 227 228 229 231 2,055 2,083 2,125 2,134 2,160 2,170 2,155 2,143 2,154 2,148 2,156 2,155 1,165 1,168 1,177 1,183 1,192 1,202 1,206 1,213 1,219 1,229 1,245 1,246 425 424 426 428 430 433 435 439 441 443 448 449 303 312 313 316 320 319 317 317 316 318 319 314 25,350 25,339 25,269 25,220 25,419 25,618 25,644 25,717 25,806 25,936 26,340 26,506 169 169 167 165 164 163 161 160 158 157 156 155 68 68 68 67 67 67 67 66 66 66 66 66 34 34 34 34 34 33 33 33 33 33 33 33 230 231 232 233 235 237 239 241 242 244 245 247 2,052 2,071 2,125 2,123 2,157 2,148 2,114 2,116 2,130 2,130 2,152 2,173 1,221 1,224 1,235 1,241 1,253 1,259 1,262 1,267 1,274 1,288 1,303 1,309 445 445 446 448 451 453 456 458 461 464 468 471 306 311 315 315 318 318 313 313 313 315 317 316 25,720 25,628 25,734 25,602 25,853 26,055 25,975 26,119 26,107 26,159 26,701 27,038 154 152 151 149 148 147 145 144 143 142 141 140 65 65 65 65 64 64 64 64 64 63 63 63 Federal Reserve notes National bank notes 1. KINDS OF CURRENCY IN CIRCULATION, 1941-61 — Continued [In millions of dollars] United States notes 1,341 1,353 1,358 466 466 466 469 471 474 476 478 480 483 486 489 304 309 315 315 322 321 318 319 317 319 320 316 26,051 26,001 25,974 25,855 26,093 26,329 26,225 26,420 26,354 26,364 26,887 27,031 138 137 136 135 133 133 131 130 129 128 127 126 63 62 62 62 62 62 61 61 61 61 61 61 2,010 2,026 2,064 2,118 2,198 2,200 2,172 2,170 2,161 2,153 2,176 2,177 1,317 1,314 1,322 1,328 1,339 1,346 1,349 1,353 1,360 1,371 1,387 1,399 482 481 481 483 485 487 489 491 493 496 500 505 301 306 309 313 318 317 314 314 314 315 317 311 25,986 25,948 26,011 25,845 26,174 26,342 26,366 26,560 26,434 26,569 27,173 27,318 125 124 123 122 121 120 119 118 118 117 116 115 60 60 60 60 60 59 59 59 59 59 59 58 278 278 280 281 283 285 288 291 292 293 295 298 2,056 2,078 2,113 2,143 2,169 2,155 2,126 2,126 2,126 2,112 2,116 2,135 1,362 1,365 1,380 1,387 1,400 1,415 1,419 1,429 1,441 1,447 1,465 1,468 500 501 504 506 510 514 517 521 526 529 535 538 301 304 310 311 315 316 313 316 315 316 319 312 26,424 26,400 26,461 26,519 26,761 27,029 27,037 27,093 26,952 27,013 27,566 27,647 114 113 112 111 111 110 109 108 108 106 106 105 58 58 58 58 58 57 57 57 57 57 57 56 31 31 31 30 30 30 30 30 30 30 30 30 297 298 299 300 303 305 307 312 314 315 317 319 2,008 2,017 2,054 2,093 2,132 2,127 2,087 2,067 2,080 2,081 2,092 2,110 1,436 1,440 1,455 1,467 1,475 1,484 1,485 1,495 1,500 1,509 1,529 1,533 535 536 540 543 546 549 553 558 562 566 571 574 302 308 310 312 319 318 316 316 317 317 317 313 26,799 26,761 26,786 26,695 26,916 27,094 27,105 27,095 27,065 27,172 27,623 27,837 104 103 102 102 101 100 99 98 98 97 97 96 56 56 56 56 56 56 56 55 55 55 55 55 30 30 30 30 30 30 30 30 30 30 30 30 319 320 321 323 326 329 332 335 337 339 342 346 1,986 1,994 2,025 2,043 2,100 2,094 2,077 2,075 2,079 2,076 2,098 2,120 1,501 1,501 1,512 1,518 1,538 1,548 1,554 1,563 1,572 1,590 1,612 1,622 571 571 573 576 581 585 589 593 598 603 609 614 305 307 310 314 317 318 315 315 314 315 318 314 26,913 26,896 26,970 26,878 27,157 27,353 27,434 27,553 27,584 27 739 28 386 28,730 95 94 94 93 92 92 91 90 90 89 89 88 55 55 55 54 54 54 54 54 54 54 54 54 Gold certificates 1957_jan... Feb... Mar.. Apr.. May. June. July.. Aug.. Sept.. Oct... Nov.. Dec.. 30,614 30,575 30,585 30,519 30,836 31,082 30,933 31,133 31,073 31,090 31,661 31,834 33 33 33 33 33 33 32 32 32 32 32 32 247 247 248 250 251 253 255 257 258 259 260 263 2,033 2,039 2,065 2,099 2,164 2,162 2,113 2,110 2,108 2,102 2,133 2,156 1,277 1,279 1,285 1,301 1,307 1,315 1,319 1,325 1,330 1958—Jan... Feb... Mar.. Apr.. May. June. July.. Aug.. Sept.. Oct... Nov.. Dec. 30,576 30,554 30,666 30,565 30,994 31,172 31,171 31,371 31,245 31,386 32,036 32,193 32 32 32 32 32 32 32 32 32 31 31 31 262 262 263 265 266 268 270 272 273 274 275 278 1959_jan... Feb... Mar.. Apr.. May. June. July.. Aug.. Sept.. Oct... Nov.. Dec. 31,125 31,129 31,250 31,349 31,638 31,914 31,898 31,973 31,848 31,905 32,489 32,591 31 31 31 31 31 31 31 31 31 31 31 31 1960—Jan... Feb... Mar.. Apr.. May. June. July.. Aug.. Sept.. Oct... Nov.. Dec. 31,569 31,552 31,633 31,600 31,879 32,065 32,039 32,027 32,022 32,144 32,632 32,869 1961—Jan... Feb... Mar.. Apr.. May. June. July.. Aug.. Sept.. Oct... Nov.. Dec. 31,776 31,769 31,891 31,830 32,197 32,405 32,477 32,609 32,658 32,836 33,538 33,918 Standard silver dollars NOTE.—Details may not add to totals because of rounding. Federal Reserve Bank notes Minor coin Total E n d of m o n t h Silver certificates Treasury notes of 1890 Subsidiary silver Federal Reserve notes National bank notes 2. DENOMINATIONS OF CURRENCY IN CIRCULATION, 1941-61 [In millions of dollars] Total in circulation Total 1 End of month Coin and small denomination currency Coin $12 $2 Large denomination currency $5 $10 $20 Total $50 $100 $500 $1,000 $5,000 $10,000 Apr May June July Aug Sept Oct Nov Dec 8,593 8,781 8,924 9,071 9,357 9,612 9,732 9,995 10,163 10,364 10,640 11,160 6,094 6,243 6,342 6,430 6,683 6,890 6,992 7,237 7,378 7,537 7,769 8,120 635 641 650 658 669 681 688 700 713 725 738 751 577 582 590 595 615 625 626 641 658 663 675 695 37 38 38 39 40 41 40 42 42 41 43 44 1,091 1,116 1,132 1,135 1,176 1,207 1,215 1,257 1,270 1,287 1,318 1,355 1,973 2,041 2,074 2,112 2,211 2,289 2,334 2,430 2,469 2,527 2,610 2,731 1,781 1,826 1,858 1,892 1,972 2,047 2,090 2,169 2,227 2,293 2,383 2,545 2,502 2,541 2,583 2,642 2,675 2,725 2,742 2,760 2,787 2,830 2,874 3,044 540 551 560 573 587 607 615 630 645 658 674 724 1,126 1,144 1,163 1,197 1,218 1,244 1,257 1,274 1,293 1,316 1,343 1,433 230 232 238 241 242 244 244 244 243 245 248 261 530 535 543 550 546 548 544 543 537 539 538 556 24 24 24 25 24 24 24 24 24 25 24 24 52 55 56 56 57 57 58 46 46 47 47 46 1942—Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 11,175 11,485 11,566 11,767 12,074 12,383 12,739 13,200 13,703 14,210 14,805 15,410 8,053 8,326 8,396 8,564 8,841 9,083 9,398 9,795 10,207 10,629 11,122 11,576 738 743 752 761 771 783 793 809 830 848 867 879 656 668 673 680 696 704 712 731 754 764 782 801 42 42 42 43 44 45 45 48 50 51 53 55 1,309 1,344 1,351 1,362 1,402 1,427 1,464 1,517 1,555 1,597 1,647 1,693 2,713 2,825 2,834 2,898 3,004 3,099 3,234 3,379 3,532 3,684 3,887 4,051 2,595 2,704 2,744 2,820 2,924 3,024 3,149 3,310 3,487 3,686 3,885 4,096 3,126 3,163 3,174 3,204 3,235 3,301 3,343 3,409 3,500 3,584 3,686 3,837 745 767 779 792 801 824 840 868 904 940 972 1,019 1,481 1,511 1,528 1,549 1,566 1,602 1,628 1,663 1,715 1,762 1,824 1,910 265 266 268 268 260 262 263 266 268 274 278 287 566 565 561 558 570 576 574 575 576 570 575 586 24 21 9 9 9 46 33 29 29 28 29 30 29 29 30 28 25 1943_jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 15,590 16,088 16,250 16,660 17,114 17,421 17,955 18,529 18,844 19,250 19,918 20,449 11,665 12,065 12,121 12,428 12,789 12,960 13,334 13,715 13,896 14,135 14,598 14,871 869 877 891 904 914 929 943 960 975 987 ,006 ,019 773 786 791 804 824 834 843 858 866 872 886 909 54 56 56 58 59 61 62 64 64 65 68 70 1,678 1,718 1,713 1,741 1,785 1,793 1,836 1,878 1,887 1,902 1,950 1,973 4,107 4,279 4,280 4,391 4,526 4,565 4,719 4,853 4,893 4,962 5,127 5,194 4,183 4,349 4,391 4,531 4,681 4,778 4,931 5,102 5,211 5,347 5,561 5,705 3,928 4,025 4,129 4,232 4,326 4,463 4,622 4,816 4,951 5,118 5,323 5,580 1,047 1,079 1,104 1,131 1,159 1,195 1,237 1,293 1,327 1,366 1,416 1,481 1,962 2,013 2,069 2,128 2,186 2,259 2,347 2,453 2,535 2,636 2,761 2,912 293 298 306 312 319 329 341 353 360 373 388 407 592 599 616 621 630 648 667 687 698 713 729 749 25 25 23 26 22 21 20 22 20 20 19 22 1944—j an Feb Mar Apr May June July Aug Sept Oct Nov Dec 20,529 20,824 21,115 21,552 22,160 22,504 22,699 23,292 23,794 24,425 25,019 25,307 14,817 15,004 15,100 15,342 15,731 15,925 16,034 16,410 16,715 17,089 17,461 17,580 ,013 1,018 ,029 ,039 ,055 ,066 ,077 ,092 ,106 ,125 ,144 ,156 877 881 885 903 906 910 921 937 948 962 987 69 70 70 70 72 72 73 75 75 76 78 81 1,940 1,952 1,951 1,964 2,003 2,010 2,016 2,053 2,078 2,103 2,129 2,150 5,174 5,255 5,265 5,344 5,498 5,544 5,569 5,706 5,789 5,877 5,990 5,983 5,742 5,832 5,905 6,040 6,198 6,326 6,388 6,562 6,731 6,960 7,157 7,224 5,715 5,823 6,017 6,212 6,431 6,581 6,667 6,884 7,081 7,339 7,561 7,730 1,509 1,534 1,576 1,618 1,668 1,699 1,722 1,780 1,829 1,893 1,946 1,996 2,992 3,054 3,152 3,270 3,371 3,458 3,516 3,642 3,765 3,918 4,056 4,153 418 426 444 456 473 481 487 502 516 532 546 555 767 777 814 836 887 912 911 929 939 963 981 990 21 22 22 23 23 22 22 22 22 23 23 24 1945_Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 25,290 25,751 25,899 26,189 26,528 26,746 27,108 27,685 27,826 28,049 28,211 28,515 17,456 17,778 18,000 18,353 18,715 19,183 19,599 20,141 20,235 20,381 20,500 20,683 ,150 ,158 ,170 ,180 ,196 ,205 ,223 ,236 ,243 ,252 ,263 ,274 950 953 954 957 972 981 995 1,003 1,001 1,000 1,009 1,039 77 75 73 73 73 73 73 73 72 71 71 73 2,102 2,135 2,132 2,151 2,186 2,215 2,250 2,301 2,288 2,274 2,279 2,313 5,936 6,076 6,132 6,238 6,377 6,515 6,659 6,826 6,815 6,779 6,783 6,782 7,242 7,381 7,539 7,754 7,911 8,193 8,400 8,700 8,816 9,004 9,095 9,201 7,837 7,974 7,900 7,837 7,814 7,565 7,511 7,546 7,592 7,671 7,713 7,834 2,022 2,059 2,088 2,126 2,159 2,132 2,139 2,180 2,204 2,243 2,264 2,327 4,228 4,317 4,266 4,210 4,192 4,044 4,013 4,038 4,071 4,123 4,154 4,220 566 571 550 527 513 483 472 466 464 461 457 454 990 994 965 932 909 868 847 832 825 816 811 801 21 24 23 33 33 31 32 22 21 21 20 24 1946—Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 27,917 27,954 27,879 27,885 28,120 28,245 28,254 28,448 28,507 28,600 28,861 28,952 20,126 20,139 20,045 19,997 20,171 20,248 20,185 20,271 20,262 20,273 20,447 20,437 ,261 ,264 1,269 ,280 1,291 ,300 ,311 ,319 ,332 ,345 ,355 ,361 985 982 984 987 999 998 990 992 1,001 1,000 1,010 1,029 69 68 67 66 67 67 67 66 66 65 65 67 2,217 2,211 2,191 2,173 2,199 2,191 2,166 2,165 2,156 2,148 2,169 2,173 6,568 6,570 6,547 6,509 6,586 6,604 6,552 6,571 6,528 6,494 6,543 6,497 9,027 9,044 8,986 8,981 9,029 9,087 9,099 9,159 9,180 9,221 9,305 9,310 7,794 7,816 7,834 7,889 7,951 7,998 8,071 8,178 8,247 8,329 8,416 8,518 2,316 2,322 2,327 2,337 2,352 2,364 2,377 2,402 2,419 2,436 2,458 2,492 4,224 4,248 4,267 4,309 4,356 4,387 4,437 4,509 4,567 4,645 4,711 4,771 445 443 442 439 438 438 436 436 436 434 435 438 779 772 768 773 775 781 790 802 795 784 782 783 22 22 22 22 21 22 21 20 21 21 21 26 1941—Jan Feb Mar For notes see p. 11. 2. DENOMINATIONS OF CURRENCY IN CIRCULATION, 1941-61 — Continued [In millions of dollars] Large denomination currency Coin and small denomination currency Total in circulation Total 1 Coin $12 1947_jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 28,262 19,808 28,304 19,873 28,230 19,807 28,114 19,684 28,261 19,773 28,297 19,769 28,149 19,622 28,434 19,837 28,567 19,881 28,552 19,833 28,766 20,008 28,868 20,020 1,337 1,337 1,344 1,351 1,351 1,355 1,356 1,362 1,375 1,385 1,396 1,404 972 967 969 972 985 986 980 990 1,010 1,011 1,020 1,048 1948—Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 28,111 28,019 27,781 27,716 27,812 27,903 27,866 28,055 28,118 28,176 28,331 28,224 19,369 19,335 19,169 19,144 19,259 19,323 19,309 19,450 19,488 19,531 19,680 19,529 1,382 1,385 1,394 1,399 1,409 1,421 1,422 1,432 1,442 1,451 1,464 1,464 984 972 975 976 994 1,000 994 1,006 1949__Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 27,580 27,557 27,439 27,417 27,507 27,493 27,394 27,393 27,412 27,407 27,543 27,600 19,003 19,029 18,930 18,925 18,993 18,982 18,908 18,901 18,917 18,915 19,040 19,025 1950—Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 26,941 27,068 27,042 27,048 27,090 27,156 27,010 27,120 27,161 27,228 27,595 27,741 End of month $5 $10 $20 Total 1 $50 $100 $500 63 64 63 63 63 64 63 64 64 63 64 65 2,074 2,090 2,085 2,065 2,089 2,078 2,058 2,092 2,085 2,078 2,102 2,110 6,284 6,336 6,309 6,253 6,303 6,289 6,230 6,308 6,270 6,233 6,303 6,275 9,077 9,079 9,036 8,979 8,982 8,996 8,935 9,020 9,077 9,064 9,123 9,119 8,457 8,434 8,424 8,432 8,489 8,530 8,529 8,600 8,689 8,721 8,760 8,850 2,460 2,456 2,447 2,442 2,449 2,466 2,453 2,477 2,503 2,499 2,513 2,548 4,757 4,755 4,754 4,769 4,789 4,808 4,824 4,874 4,941 4,986 5,023 5,070 434 433 432 431 430 430 428 428 428 427 426 428 774 769 771 773 804 810 806 804 800 793 782 782 23 14 14 12 11 12 12 12 12 11 11 17 1,026 1,042 1,049 63 63 62 61 62 63 62 63 63 63 64 64 2,017 2,005 1,986 1,991 2,015 2,017 2,010 2,023 2,031 2,037 2,054 2,047 6,064 6,084 6,013 6,017 6,054 6,085 6,059 6,099 6,090 6,087 6,137 6,060 8,858 8,826 8,738 8,700 8,724 8,737 8,762 8,827 8,844 8,867 8,918 8,846 8,745 8,687 8,614 8,574 8,555 8,581 8,559 8,607 8,632 8,647 8,654 8,698 2,511 2,492 2,470 2,456 2,453 2,465 2,452 2,464 2,465 2,467 2,475 2,494 5,022 4,996 4,962 4,951 4,943 4,945 4,940 4,977 5,011 5,035 5,048 5,074 424 421 416 412 410 407 404 403 402 401 400 400 771 762 749 739 735 749 748 748 739 730 717 707 12 12 11 10 10 10 9 11 10 9 9 17 1,441 1,441 1,445 1,450 1,456 1,459 1,457 1,462 1,468 1,474 1,484 1,484 1,000 996 992 994 1,011 1,008 1,001 1,003 1,018 1,031 1,046 1,066 62 63 61 60 61 61 60 61 60 60 61 62 1,972 1,976 1,965 1,967 1,986 1,971 1,959 1,958 1,970 1,973 1,994 2,004 5,892 5,929 5,913 5,913 5,934 5,931 5,901 5,900 5,905 5,891 5,935 5,897 8,636 8,625 8,555 8,541 8,544 8,551 8,529 8,517 8,496 8,486 8,520 8,512 8,579 8,531 8,510 8,493 8,515 8,513 8,488 8,494 8,498 8,494 8,506 8,578 2,459 2,444 2,428 2,421 2,422 2,426 2,410 2,406 2,401 2,392 2,398 2,435 5,020 5,000 4,980 4,970 4,980 4,974 4,964 4,980 4,996 5,007 5,021 5,056 396 394 392 390 388 387 385 383 382 381 382 382 689 679 696 700 712 712 717 712 705 701 692 689 10 10 10 9 9 9 9 9 9 9 8 11 18,475 18,645 18,651 18,661 18,730 18,813 18,696 18,795 18,834 18,901 19,252 19,305 1,457 1,459 1,468 1,478 1,490 1,496 1,498 1,506 1,515 1,527 1,547 1,554 1,008 1,011 1,013 1,016 1,033 1,037 1,029 1,037 1,054 1,072 1,089 1,113 60 60 59 60 60 61 60 61 61 61 62 64 1,926 \949 ,949 ,945 ,963 ,966 ,946 ,955 ,964 ,978 2,021 2,049 5,715 5,817 5,834 5,830 5,851 5,891 5,836 5,881 5,884 5,874 6,021 5,998 8,309 8,348 8,327 8,333 8,333 8,363 8,328 8,355 8,357 8,388 8,511 8,529 8,469 8,426 8,393 8,389 8,361 8,344 8,316 8,328 8,329 8,329 8,345 8,438 2,401 2,385 2,375 2,380 2,380 2,386 2,374 2,374 2,369 2,368 2,384 2,422 5,010 4,988 4,968 4,961 4,949 4,940 4,934 4,950 4,964 4,987 4,994 5,043 380 378 384 382 380 378 375 372 370 367 365 368 666 661 654 650 639 628 620 617 613 595 589 588 9 8 11 9 9 9 9 9 9 9 12 1951—Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 27,048 18,694 27,188 18,861 27,119 18,845 27,278 19,023 27,519 19,260 27,809 19,521 27,851 19,560 28,155 19,813 28,288 19,896 28,417 19,955 28,809 20,283 29,206 20,530 1,530 1,535 1,542 1,551 1,568 1,578 1,590 1,602 1,616 1,631 1,642 1,654 1,056 1,057 1,059 1,073 1,087 ,092 ,092 ,103 ,124 ,132 ,144 ,182 61 61 61 62 63 64 64 64 64 65 65 67 ,943 ,959 ,953 1,973 1,995 2,011 2,008 2,031 2,038 2,041 2,075 2,120 5,791 5,880 5,881 5,943 6,024 6,113 6,088 6,176 6,181 6,160 6,291 6,329 8,313 8,369 8,348 8,422 8,523 8,663 8,718 8,837 8,874 8,927 9,067 9,177 8,356 8,329 8,275 8,257 8,260 8,289 8,292 8,344 8,393 8,463 8,528 8,678 2,393 2,385 2,369 2,371 2,382 2,405 2,409 2,428 2,437 2,452 2,482 2,544 5,002 4,986 4,955 4,941 4,938 4,947 4,952 4,989 5,034 5,092 5,133 5,207 366 365 362 360 357 356 354 353 353 353 352 355 583 581 576 573 570 570 565 562 557 554 549 556 12 1952—Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 28,386 28,465 28,473 28,464 28,767 29,026 28,978 29,293 29,419 29,644 30,236 30,433 19,807 19,904 19,937 19,936 20,231 20,449 20,398 20,659 20,739 20,897 21,392 21,450 1,631 1,630 1,637 1,651 1,665 1,678 1,686 1,695 1,705 1,722 1,739 1,750 ,115 ,110 ,113 ,114 ,132 ,140 ,129 ,140 ,164 ,175 ,199 ,228 66 65 66 67 68 67 67 68 68 69 71 2,009 2,013 2,016 2,004 2,040 2,054 2,034 2,062 2,070 2,074 2,123 2,143 6,088 6,152 6,165 6,141 6,261 6,323 6,291 6,376 6,368 6,405 6,600 6,561 8,898 8,934 8,940 8,960 9,066 9,187 9,190 9,319 9,365 9,453 9,661 9,696 8,582 8,563 8,537 8,529 8,537 8,578 8,582 8,635 8,682 8,749 8,846 8,985 2,508 2,503 2,496 2,498 2,508 2,531 2,531 2,551 2,559 2,577 2,612 2,669 5,161 5,152 5,140 5,137 5,142 5,166 5,172 5,211 5,252 5,304 5,367 5,447 352 351 349 347 346 344 344 342 342 342 342 343 550 545 540 535 530 525 522 519 517 514 513 512 9 8 8 8 8 8 8 8 10 For notes see p. 11. 1,020 $2 $1,000 $5,000 $10,000 9 9 8 2. DENOMINATIONS OF CURRENCY IN CIRCULATION, 1941-61 — Continued [In millions of dollars] End of month Total in circulation Total 1 Coin and small denomination currency Coin $1 2 $2 Large denomination currency $5 $10 $20 Total 1 $50 $100 $500 $1,000 $5,000 $10,000 1953—Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 29,691 29,793 29,754 29,843 29,951 30,125 30,120 30,248 30,275 30,398 30,807 30,781 20,799 20,918 20,896 20,979 21,085 21,243 21,237 21,331 21,321 21,414 21,771 21,636 1,721 1,725 1,737 1,747 1,755 1,766 1,769 1,778 1,792 1,802 1,816 1,812 1,157 1,158 1,165 1,163 1,172 1,176 1,171 1,182 1,207 1,214 1,232 1,249 69 68 67 68 69 69 70 70 69 70 71 72 2,051 2,052 2,048 2,056 2,065 2,071 2,055 2,061 2,060 2,071 2,123 2,119 6,359 6,432 6,418 6,448 6,482 6,527 6,511 6,531 6,499 6,524 6,659 6,565 9,442 9,483 9,462 9,497 9,542 9,635 9,660 9,709 9,694 9,734 9,871 9,819 8,894 8,877 8,859 8,865 8,867 8,883 8,885 8,918 8,956 8,986 9,038 9,146 2,634 2,629 2,621 2,623 2,627 2,645 2,646 2,655 2,659 2,665 2,689 2,732 5,399 5,390 5,383 5,388 5,388 5,391 5,396 5,423 5,458 5,488 5,519 5,581 341 340 339 339 338 337 335 334 334 333 332 333 508 507 505 503 502 499 496 494 493 489 487 486 1954—Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 29,981 29,904 29,707 29,735 29,870 29,922 29,892 29,929 29,985 30,074 30,500 30,509 20,939 20,908 20,757 20,799 20,946 20,999 20,984 21,015 21,054 21,118 21,473 21,374 1,775 1,770 1,776 1,783 1,787 1,795 1,793 1,801 1,811 1,819 1,836 1,834 1,180 1,170 1,166 1,173 1,182 1,183 1,174 1,183 1,200 1,212 1,236 1,256 70 70 70 70 69 71 70 70 70 70 71 71 2,031 2,021 2,010 2,006 2,036 2,023 2,016 2,023 2,034 2,049 2,091 2,098 6,351 6,365 6,304 6,325 6,375 6,377 6,366 6,361 6,378 6,400 6,524 6,450 9,531 9,512 9,431 9,443 9,496 9,551 9,564 9,578 9,561 9.568 9,716 9.665 9,045 8,999 8,952 8,936 8,926 8,924 8,910 8,916 8,932 8,958 9,028 9,136 2,693 2,674 2,654 2,651 2,651 2,659 2.654 2,653 2,648 2,650 2,677 2,720 5,526 5,502 5,473 5,470 5,463 5,457 5,451 5,461 5,486 5,514 5,555 5,612 331 330 328 327 325 324 322 321 320 318 320 321 484 482 481 478 475 473 471 469 466 464 465 464 15 1955—Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 29,789 29,817 29,800 29,769 30,009 30,229. 30,244 30,317 30,422 30,559 30,993 31,158 20,777 20,845 20,854 20,856 21,098 21,312 21,351 21,406 21,489 21,609 21,971 22,021 1,808 1,810 1,822 1,831 1,843 1,858 1,865 1,878 1,887 1,900 1,922 1,927 1,191 1,190 1,196 1,202 1,219 1,226 1,228 1,234 1,252 1,270 1,288 1,312 71 71 70 71 71 72 72 72 72 72 73 75 2,017 2,020 2,021 2,020 2,051 2,061 2,052 2,055 2,072 2,088 2,129 2,151 6,267 6,316 6,324 6,309 6,394 6,471 6,466 6,476 6,495 6,513 6,642 6,617 9,425 9,438 9,421 9,425 9,520 9,625 9,668 9,692 9,711 9,767 9,917 9,940 9,014 8,974 8,946 8,914 8,912 8,917 8,894 8,911 8,933 8,951 9,023 9,136 2,673 2,660 2,647 2,641 2,647 2,658 2,652 2,657 2,653 2,655 2,687 2,736 5,550 5,527 5,512 5,492 5,489 5,487 5,475 5,489 5,518 5,538 5,579 5,641 317 316 317 314 313 312 310 309 308 306 306 307 460 457 457 454 451 448 445 444 442 440 438 438 9 9 9 9 9 9 9 9 9 9 9 12 1956—Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 30,228 30,163 30,339 30,210 30,513 30,715 30,604 30,757 30,768 30,839 31,424 31,790 21,236 21,227 21,419 21,320 21,621 21,801 21,709 21,838 21,834 21,877 22,374 22,598 1,897 1,900 1,914 1,922 1,939 1,948 1,957 1,967 1,977 1,995 2,016 2,027 1,239 1,231 1,244 1,241 1,264 1,262 1,258 1,267 1,283 1,296 1,324 1,369 73 73 73 73 73 74 74 74 74 74 76 78 2,049 2,042 2,067 2,053 2,090 2,090 2,065 2,077 2,085 2,080 2,144 2,196 6,361 6,392 6,486 6,430 6,539 6,589 6,514 6,559 6,549 6,538 6,715 6,734 9,618 9,588 9,635 9,602 9,716 9,838 9,840 9,895 9,866 9,893 10,100 10,194 8,992 8,936 8,920 8,890 8,892 8,914 8,895 8,919 8,934 8,962 9,050 9,192 2,684 2,665 2,662 2.654 2,662 2,676 2,674 2,676 2,673 2,679 2,713 2,771 5,560 5,528 5,518 5,500 5,498 5,505 5,500 5,527 5,541 5,572 5,626 5,704 303 302 300 299 298 296 294 293 293 291 291 292 433 430 428 425 423 421 415 413 411 409 409 407 9 9 9 9 8 13 8 8 13 8 8 14 1957—Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 30,614 30,575 30,585 30,519 30,836 31,082 30,933 31,133 31,073 31,090 31,661 31,834 21,597 21,601 21,639 21,588 21,905 22,123 21,987 22,155 22,088 22,086 22,582 22,626 1,990 1,993 2,000 2,020 2,029 2,042 2,050 2,060 2,069 2,083 2,099 2,110 1,276 1,269 1,270 1,276 1,301 1,302 1,292 1,296 1,312 1,330 1,356 1,398 76 75 75 75 76 77 77 78 78 77 78 80 2,065 2,058 2,063 2,055 2,093 2,102 2,069 2,085 2,084 2,089 2,146 2,188 6,427 6,450 6,473 6,425 6,554 6,615 6,520 6,581 6,533 6,533 6,726 6,662 9,763 9,756 9,758 9,737 9,852 9,985 9,979 10,055 10,013 9,975 10,177 10,187 9,017 8,974 8,946 8,931 8,931 8,958 8,946 8,977 8,984 9,003 9,079 9,208 2,701 2,689 2,679 2,674 2,679 2,696 2,695 2,701 2,696 2,695 2,725 2,777 5,613 5,586 5,573 5,566 5,564 5,575 5,570 5,596 5,611 5,632 5,677 5,752 289 287 286 285 284 283 281 280 279 279 279 280 402 400 397 395 393 391 388 388 386 385 386 384 8 8 8 8 8 10 8 8 9 9 8 13 1958—Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 30,576 30,554 30,666 30,565 30,994 31,172 31,171 31,371 31,245 31,386 32,036 32,193 21,527 21,544 21,652 21,565 21,977 22,138 22,134 22,296 22,154 22,264 22,832 22,856 2,061 2,057 2,066 2,075 2,090 2,101 2,108 2,117 2,127 2,142 2,163 2,182 1,293 1,285 1,293 1,305 1,349 1,368 1,376 1,398 1,417 1,426 1,457 1,494 78 77 78 81 81 81 81 80 80 80 80 83 2,044 2,044 2,047 2,035 2,081 2,081 2,064 2,082 2,072 2,091 2,154 2,186 6,331 6,355 6,377 6,319 6,465 6,489 6,450 6,502 6,433 6,477 6,683 6,624 9,721 9,724 9,792 9,750 9,910 10,019 10,056 10,117 10,025 10,048 10,294 10,288 9,049 9,011 9,014 9,000 9,018 9,033 9,037 9,075 9,091 9,122 9,205 9,337 2,711 2,692 2,689 2,682 2,690 2,701 2,705 2,711 2,704 2,707 2,739 2,792 5,668 5,651 5,656 5,651 5,662 5,669 5,671 5,703 5,726 5,759 5,808 5,886 277 276 277 275 275 275 274 274 274 273 273 275 381 380 381 379 378 377 376 376 376 371 373 373 For notes see following page. 10 8 8 11 8 8 12 8 8 8 8 8 8 2. DENOMINATIONS OF CURRENCY IN CIRCULATION, 1941-61 — Continued |ln millions of dollars] End of month Total in circulaTotal i tion Large denomination currency Coin and small denomination currency Coin $12 $2 $5 $10 $20 Total i $50 $100 $500 $1,000 $5,000 $10,000 1959—Jan.. Feb.. Mar. Apr. May June July. Aug. Sept. Oct.. Nov. Dec. 31,125 31,129 31,250 31,349 31,638 31,914 31,898 31,973 31,848 31,905 32,489 32,591 21,926 21,975 22,111 22,209 22,479 22,731 22,721 22,784 22,672 22,752 23,277 23,264 2,139 2,144 2,164 2,175 2,193 2,215 2,224 2,241 2,259 2,269 2,294 2,304 1,408 1,406 1,414 1,429 1,447 1,449 1,436 1,444 1,464 1,474 1,488 1,511 80 80 80 80 81 83 82 83 82 83 84 85 2,064 2,062 2,075 2,083 2,112 2,117 2,104 2,111 2,112 2,122 2,185 2,216 6,340 6,378 6,410 6,452 6,534 6,584 6,562 6,572 6,521 6,544 6,734 6,672 9,894 9,904 9,968 9,989 10,112 10,282 10,312 10,333 10,233 10,261 10,491 10,476 9,199 9,155 9,139 9,140 9,158 9,184 9,178 9,189 9,176 9,154 9,213 9,326 2,733 2,714 2,704 2,710 2,721 2,742 2,742 2,741 2,733 2,725 2,753 2,803 5,814 5,791 5,789 5,787 5,796 5,808 5,804 5,820 5,823 5,815 5,850 5,913 272 271 270 269 269 265 266 264 263 261 260 261 368 367 366 363 361 357 355 352 347 344 342 341 7 5 5 5 I960—Jan.. Feb.. Mar. Apr., May, June, July. Aug. Sept. Oct.. Nov. Dec, 31,569 31,552 31,633 31,600 31,879 32,065 32,039 32,027 32,022 32,144 32,632 32,869 22,409 22,440 22,539 22,529 22,809 22,970 22,946 22,912 22,900 22,996 23,410 23,521 2,268 2,275 2,294 2,311 2,324 2,338 2,345 2,364 2,375 2,390 2,417 2,427 1,419 1,409 1,410 1,417 1,440 1,440 1,428 1,426 1,444 1,457 1,487 1,533 82 83 82 82 83 84 84 85 85 84 86 88 2,102 2,098 2,105 2,104 2,138 2,141 2,124 2,113 2,133 2,147 2,191 2,246 6,415 6,456 6,494 6,474 6,561 6,604 6,567 6,525 6,542 6,557 6,683 6,691 10,123 10,120 10,154 10,141 10,263 10,363 10,398 10,399 10,320 10,362 10,545 10,536 9,160 9,112 9,094 9,071 9,070 9,095 9,094 9,115 9,122 9,148 9,2229,348 2,739 2,719 2,715 2,712 2,718 2,737 2,739 2,738 2,728 2,731 2,762 2,815 5,825 5,795 5,787 5,769 5,767 5,774 5,776 5,800 5,818 5,844 5,888 5,954 254 256 255 254 252 252 250 250 249 248 248 249 334 334 330 327 324 323 320 319 319 317 317 316 5 5 5 5 5 5 5 5 5 5 5 10 1961—Jan.. Feb.. Mar. 31,776 31,769 31,891 31,830 32,197 32,405 32,477 32,609 32,658 32,836 33,538 33,918 22,580 22,612 22,742 22,702 23,042 23,229 23,299 23,390 23,415 23,552 24,154 24,388 2,391 2,392 2,406 2,417 2,445 2,462 2,475 2,491 2,506 2,532 2,563 2,582 1,439 1,431 1,434 1,433 1,465 1,462 1,460 1,463 1,475 1,494 1,534 1,588 86 86 86 86 87 88 88 89 88 89 90 92 2,120 2,114 2,124 2,119 2,156 2,162 2,151 2,154 2,163 2,180 2,246 2,313 6,409 6,438 6,496 6,476 6,584 6,638 6,622 6,647 6,656 6,671 6,866 6,878 10,135 10,150 10,198 10,171 10,305 10,418 10,505 10,547 10,527 10,586 10,856 10,935 9,196 9,158 9,148 9,128 9,154 9,176 9,177 9,219 9,243 9,283 9,384 9,531 2,752 2,736 2,733 2,726 2,741 2,757 2,761 2,768 2,766 2,773 2,814 2,869 5,875 5,855 5,851 5,839 5,852 5,861 5,862 5,898 5,926 5,959 6,021 6,106 247 246 245 245 244 243 242 242 241 241 241 242 314 312 312 310 309 306 304 302 301 301 299 300 5 5 5 6 6 5 5 5 5 5 5 10 June, July. Aug. Sept. Oct.. Nov. Dec, 2 1 Before December 1955, details are slightly overstated because they include small amounts of paper currency held by the Treasury and the Reserve Banks for which a denominational breakdown is not available. Paper currency only. Standard silver dollars are included in coin. NOTE.—Details may not add to totals because of rounding. KEY TO SYMBOL USED IN TABLES Amounts insignificant in terms of the particular unit (e.g. less than 500,000 when the unit is millions). 11
@FedFRASER