SCHEDULE 28.— Amounts of Federal Reserve notes of the several denominations received from other Federal Reserve Banks for redemption or credit and returned to other Federal Reserve Banks for redemption or credit by the Federal Reserve Bank of Dallas during the period Jan. 1, 1918, to Dec. 31, 1918. SCHEDULE 29.-Cost of Federal Reserve notes during year 1918. Cost of Cost of Insurance. Trans portation. Total. unissued. issued. $10, 161. 62 3,480.62 Balance carried over for 1917. $73. 12 208.56 $10, 161. 62 3, 480. 62 7,477.71 9,374.24 2,961.36 987. 12 269. 56 3, 805.63 24, 481.57 747. 75 18,623.75 360.00 $$34. 55 $2,203. 20 120.00 23, 896. 50 268.50 18, 123.75 500.00 360.00 Total. 34,778.87 43, 348.99 1,778.87 2, 823. 20 82, 729.93 Number. SCHEDULE 30.- Federal Reserve agent's statement of Federal Reserve notes on hand, outstanding, received from Comptroller of the Currency, canceled, and coverage of total issue as of Dec. 31, 1918. RESOURCES. Federal Reserve notes on hand. Total.... $17,630,000.00 60, 495, 081.00 21,794, 920.00 44, 429, 120.35 12,581, 000.00 3,087, 235.00 6,684,000.00 166, 701, 415.86 LIABILITIES. Federal Reserve notes received from Comptroller of Currency, gross amount.. for Federal Reserve notes.. Collateral pledged against outstanding Federal Reserve notes. Total.... $99, 920,000.00 22, 352, 235.00 44, 429, 12. 35 166, 701, 415.55 SCHEDULE 31.—Comparative statements of condition of the El Paso Branch of the Federal Reserve Bank of Dallas as of dates shown. SCHEDULE 32.-Number and amount of checks (exclusive of Government checks) handled by the Federal Reserve Bank of Dallas for the year 1918. Amount. Jan. 1 to 15. 196, 716 $111, 855, 408 203, 911, 994 186,074, 249 205, 646, 272 180, 201, 850 189, 501, 375 190, 621, 440 201, 422, 572 225, 973,2 287, 148, 800 314, 364, 570 284, 607,312 154, 305, 189 2,741, 224, 294 6,323, 378 SCHEDULE 33.-Funds paid out and received through gold settlement fund during year 1918. 1918. January. $93,529,400.00 $89,063,000.00 78,976, 400.00 69, 269,000.00 75,878, 900.00 77, 279, 670.00 71,533, 100.00 70, 180, 160.00 86,377, 650.00 83,968, 660.00 73, 996,923.00 74, 702, 602.00 82,821, 652.65 76,804,864. 73 92,991, 598. 16 95,909,874. 45 99, 211, 732.38 95, 183, 126.72 119,795,524. 67 127, 653, 709. 82 138, 609, 716.64 132, 491, 263. 79 129, 200, 836. 24 131, 820,063.53 1, 141,923, 433.74 | 1,124, 325, 995.04 24,520, 700.00 6,923, 261.30 Total.. Gold settlement fund balances, Dec. 31, 1918. 1, 148, 846, 695.04 | 1,148,846, 695.04 6,923, 261.30 SCHEDULE 34.-Statement showing, by months, the gold settlement fund settlements and resultant balances, both debit and credit, for year 1918. SCHEDULE 35.–Statement showing amount of currency and coin shipped to member banks, by months, during 1918, detailed as to nature and denomination. (Including El Paso Branch.) PAPER MONEY, Month. Ones and twos. Fives. Tens. Twenties. Other. January $181,500 559,995 447,607 $90,500 504,970 766,010 312, 295 $217,500 798, 195 955, 820 $248,000 934, 520 $766,500 156,000 83,000 196,050 102,300 187,400 151,000 290,500 236,500 224,000 112,000 905,500 Total... 5,414,550 11,760,040 22,063,095 23, 154, 110 3,410, 750 Month. SCHEDULE 35.-Statement showing amount of currency and coin shipped to member banks, by months, during 1918, detailed as to nature and denomination-Continued. SILVER AND SUBSIDIARY COIN. Total, pa per and silver. Ones. 50, 25, and 10 Nickels and January. $500 $18, 260.00 28,750.00 44,475.65 42,500.00 48,900.00 132,350.00 224, 200.00 226, 150.00 293, 750.00 87, 250.00 66, 702.50 184,900.30 1,398, 188. 45 $7,270.00 9,640.00 11, 220.68 10, 220.00 14,515.00 18,662.50 22,642.00 34, 950.00 43, 950.00 18,310.00 16, 460.00 23,505.02 231,345.20 $1,530,030.00 1,746, 840.00 1, 707, 291.33 1,748, 892.00 2,837,910.00 4,874, 864.50 5,837, 212.00 16,032, 185.00 16,590,315.00 6, 153, 162.00 3,078, 711.50 6, 474, 490.32 68, 611, 903.65 Total. 1,179, 825 DISTRICT NO. 12.-SAN FRANCISCO. JOHN PERRIN, Chairman and Federal Reserve Agent. FINANCIAL RESULTS OF OPERATIONS. COMPARATIVE STATEMENT. The expansion of the Federal Reserve Bank of San Francisco during the period from April 6, 1917, when the United States declared war, to December 31, 1918, is shown in the comparative statement in Schedule 1. Deposits of member banks have increased from $38,497,162 to $73,235,000; bills discounted for member banks from $340,372 on April 6, 1917, to $25,780,201 on December 31, 1917, and to $78,759,000 on December 31, 1918; gold reserves from $41,030,130 on April 6, 1917, to $94,018,470 on December 31, 1917, and to $150,973,000 on December 31, 1918; Federal Reserve note circulation from $15,398,695 on April 6, 1917, to $67,744,305 on December 31, 1917, and to $212,243,000 on December 31, 1918. EARNINGS, EXPENSES, AND DIVIDENDS. Net earnings of $547,043.86 in 1917 rose to $2,869,164.14 in 1918. Dividends at the rate of 6 per cent per annum for the period January 1, 1917, to December 31, 1918, were paid, amounting to $497,674.40, and $2,448,175.11 credited, half to surplus account and half to the United States Government as a franchise tax. A comparative statement of earnings and expenses is given in Schedule 2. GENERAL BUSINESS CONDITIONS. Unprecedented agricultural, commercial, and industrial activity, with equally unprecedented profits, has prevailed throughout this district during the war, the largest industrial development having been in shipbuilding. Of 408 ships, aggregating 2,376,362 tons deadweight, built and delivered to the United States Shipping Board between August, 1917, and October 1, 1918, 162, of 1,149,685 tons, were built in this district, the estimated value of ships produced on the Pacific coast during 1918 being over $500,000,000. In spite of the armistice, steel shipbuilding is proceeding at an undiminished pace, but wood shipbuilding has practically ceased for the time being |
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