Page images
PDF
EPUB

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.

[blocks in formation]

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
7,477.71
9,374.24
2,888.24

Balance carried over for 1917.
January.
February.
March
May
June.
August.
September..
October
November.
December
New plates for engraving.

$73. 12
987. 12

208.56
767.88

$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
465. 07
479. 25

$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.
Federal Reserve notes outstanding..
Federal Reserve notes sent to Comptroller of the Currency for destruction.
Bills to secure Federal Reserve notes..
Gold coin and certificates on hand.
Credit balance in gold redemption fund.
Credit balance with Federal Reserve Board.

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..
Funds received in reduction of liability

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.

[blocks in formation]

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.
Jan. 16 to Feb. 15.
Feb. 16 to Mar. 15.
Mar. 16 to Apr. 15.
Apr. 16 to May 15.
May 16 to June 15.
June 16 to July 15.
July 16 to Aug. 15.
Aug. 16 to Sept. 15.
Sept. 16 to Oct. 15..
Oct. 16 to Nov. 15..
Nov. 16 to Dec. 15...
Dec. 16 to 31.

196, 716
363, 818
347, 204
438, 100
368, 525
395, 275
530, 832
556, 088
581, 664
679,975
740, 818
728, 664
395, 699

$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.

[blocks in formation]

1918.

January.
February
March..
April..
May.
June
July.
August.
September.
October.
November.
December..

$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..
Balance Dec. 31, 1917, brought forward.
Balance Dec. 31, 1918..

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.

[blocks in formation]

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
February
March
April
May.
June.
July..
August
September
October
November
December

$181,500
239,000
211, 895
280,632
388,510
619, 107
615, 015

559,995
1,024, 570

447,607
303, 594
483,095

$90,500
305, 250
146,550
247, 150

504,970
1,148, 155
1,090, 305
2,898, 100
3,000 155

766,010

312, 295
1, 220, 600

$217,500
436,000
607,520
460, 040

798, 195
1,458,530
1,757, 890
5,429, 110
5,867, 880
2, 260, 260

955, 820
1,814,350

$248,000
535,500
563, 840
469,600

934, 520
1, 205, 260
1,714,600
6,357, 780
5,822, 460
2, 293, 460
1, 225, 990
1,783, 100

$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
cent pieces

Nickels and
pennies.

January.
February
March.
April.
May
June.
July.
August.
September..
October..
November.
December.

$500
36, 700
38, 790
42, 700
46,000
75, 400
231,530
235, 600
301, 050
56,265
55, 850
59, 440

$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

« PreviousContinue »