SCHEDULE 22.-Sales, by months, of thrift and war-savings stamps by Federal Reserve Bank of San Francisco, December, 1917, to November, 1918, inclusive.

SCHEDULE 23.-Analysis of business transacted by district committee on capital issues,

Total issues considered by district committee.

Projects directly discouraged at their inception which did not come up for consideration.
Projects indirectly discouraged..

Issues rising in the district acted upon by Capital Issues Committee directly without refer-
ence to district committee..

Total....

$386, 145, 257 74,000,000 26,000,000

24,000,000

510, 145, 257

SCHEDULE 24.-Federal Reserve notes issued and redeemed by Federal Reserve agent during 1917 and 1918.

31..

38, 462, 460
5,300, 955

52, 620, 110
3,694, 730

110, 556, 930 14, 233,950 26,604, 100
3,795, 730
204, 100

243, 700

242,477,550 13, 239, 215

33, 161, 505 48, 925, 380 106, 761, 200 14, 029, 850 26,360, 400 229,238,335

30,053,600
1,496, 670

6,380, 100 11,579, 700
146, 150 175, 600

81,601,090 4,503, 540

28,556,930
82,000,000

6,233,950 11,404,100
8,000,000 15,200,000

77,097,550

165, 380, 000

PART III.

RECOMMENDATIONS OF THE FEDERAL ADVISORY
COUNCIL TO THE FEDERAL RESERVE BOARD
FOR THE YEARS 1915-1918.

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