1920 Directors Frb Minneapolis

OOKEBOLUSB'3

and

AUDITOR'S

MKPOB*

IE3IB1B MPT or m m iPOUS

FOR B® HAB lffO*

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

C O N T E N T S

CONTHQSjLERvS kspobt........ 1 to 30

AUDITORS HEPQRT*................ 81 to 60

INDEX.................................... 61 M 62


January 10, 1920*

To the Directors

Federal Reserve Bank of Minneapolis*

Gentlemen:-

In the report herewith submitted, i an outlining

the changes brought about in the various departments of the 3ank

since the installation of the Controller9? Department on October

first, the new functions i&ioh the Bank is about to assune and

additional plans for increasing the efficiency of our staff*

Schedules are attached showing volume of the Bank's

operations and explanation made of causes for the more important

changes*

2he Auditor's Keport of examinations and verifications

is also a part ef this report*

Respectfully submitted,

Qontroller*


O ff ic /<l / O r ^ a /7 /z a£/on

Feder*.L Reserve 3a.n K O f /TTri n e<t.polis

Xa.nv*.r.ft Mt /«?«?/

Tsdetul /ierye.;So<Ltri

Fid*r*l Rtrtf it Af*t * Oowi Jfoajrd Of' D/rectordT Hh>cA .•

............... ...Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

y y H I 1 3 . O 1 . I I P HA Jg JL .H -K J.JL I

9m very heavy purchases ef furniture and machinery during the

past ynr has dram attention to the necessity of a closer oontrol over

suCh items. The Controller'e Department must approve all purchases as

to price* etc. as well as the need to* the furniture or machinery in ques

tion before the transaction nay lie handled by the Purchasing Agent. Our

nethod of re-allocating fGrniture enabled us in one month alone (October)

to hold up purchases of $700* in filing cabinets.

Sach piece of furniture or machinery has attached a numbered

metal tag itfhieh corresponds with our numbered oard recordo Stall partic-

nlars are kspt of each artiole and its location in the bank* Sach depart

ment head will be held responsible for the equipment in his department and

no artiole may be taken out of any department without a written permit from

this offloeo

In Deoember of each year an inventory will be taken in order that

the direotors may know the present valuation of our equipment, which valu

ation is also necessary in the event of fire loss*

Our great expansion in the Transit Department and the necessary

equipment for Helena Branch caused heavy expenditures during the year.

Replacement# of machinery, especially typewriters, is being made, and re

pair work on machinery is now oosting about $3,600. yearly* In this con

nection, we are about to employ our omn metihanlo for such work*

She following figures indicate our expenditures and valuations

for equipments-

Amount expended tor furniture and machinerysince opening of bank ...........................£,174,681*40

Exchange valuation aa of December 1920—Hain Offioe........................................... 66,507*91H.1.W ................................................... 84.640.4*

| 111,048.85

Insuranoe carried on furniture and fixtures—Main Bank Building................ * ••••••* •• f 40,000*00Annex (Srnnsit Department)**................ . 509000*00Helena Brandh *........ *............ •* •••••* •• 10^000.00

# 100,000.00


zudjunsommto ajtp iwm m s car disoopkc.

All the Fsderal Be serve Banks have experienced great diffi

culty in. keeping their maturity records up to the minute through pressure

of woifco Also *hen the periodical proof of Unearned Discount” account

was made, frequent adjustments between the "Barned" and "Unearned" accounts,

were necessary*

As a remedy, ne hare installed a system of oontrol which averages

the discount earnings daily and enables us to unow at once if the daily

entries into the earnings have been correctly made by the. Discount Depart*

raent. In addition, the method adopted admits our drawing attention of Dis

count Department at onoe to errors in maturities*

It is also our intention to have our audit of the Discount De

partment Include the passing on of paper as to eligibility*

nOLUM*ir« CBfrillMlMt.

During 1920, this department had a tremendous growth indicat

ing the increased willingness of member banks througiout the country to

use the federal leserve service. This part of a bank's servioe is rarely

appreciated, but we have been assured that oar department is a superior *

one* With the idea of further improvement, we are installing several

EUiott-Fisher machines ifcioh will enable each operator to turn out an

average of 200 collection letters per day*

During December an average of 523 country collection letters

were, sent and 398 city collections were handled daily* Shis is a (greater

number than was handled in the federal Reserve Batiks of Cleveland or

Chicago and was accomplished wife a smaller forceo

3Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

0 0 JE t A Q-g o ? D B P U t S

Since the opening of this bank the constant increase in the vol

ume of oar work has trade necessary the use of any space available and with

no special thought .;iven to the inter-relation of departments* She housing

of the transit Department in a separate building has helped the efficiency

in that departmento By moving the transit Department, we have been able

to place all the main operating units on tne second floor with the excep

tion of the Cash and Collections., Oar private wire is in dose contaot

with the departments using it the most» all bookkeepers are together and

the Audit Department is in an adjoining roon<>

Host federal Reserve Banks are giving the contaot of departments

dose study to be made use of in their new buildings*

Q SJL-MJLz....SJUUBJL .1&JLJt ,

this undesirable condition has been increasing, instead of

diminishing, in practically every department of the bank except Fiscal

Agency* In order to keep up the efficiency of the staff* we have found

it necessary to use extra people in the transit Department working from

6 P. K* until midnigit; the Discount Department force has been divided,

the second division working under charge of an officer from 6 P* 13° until

12* Flans now being worked out for fee Cash, Coupon and Collection

Departments will bring about greater efficiency by the present force and

abolish overtimeo

Bvery person now being employed, is given to understand the

position is temporary exoept insofar as they replace our present employees

Who do not cone up to standard under our merit plan*


j S g j f l C I & H C Y S Y S T E M

It has bNB decided to aaloi effective at onoe the grading of

eaploysos on a merit plan thereby each department will establish a max-

Inna, average and minimum percentage for the various qualifications re*

quired in that particular department and the employees will be rated on

pointso By taxis plan we will be able to deal justly with all, remove

those not up to standard and key up the staff to a higher level of ef

ficiency. Is are now receiving daily department reports as to volume

of work, etCo and are satisfied that with the merit plan in operation,

we nay expect an increase of 25 per cent in the amount of work done in

some departments o

M Off TiJfl... fi fi.ll O

Preparation of accounting methods is now being made, also

effort to overoome as far as possible, sons of the difficulties we

must faoe due to the distance of the branch from head offioe*

Branch transactions with other districts and Washington

must be relayed through Minneapolis as the all outside wire plan would

mean considerable increase of expense o

federal Be serve Board requirements make it neoessary for

the branch to wire us daily balance report, for which we are preparing

oode* Iron this information, reports required promptly will be written

at head offioe«

She neoessary equipment and supplies are taken oare of as

far as possible and those employees being sent from this office have

been instructed in their duties*

As far as practicable, methods of operation will be the sane

at head office and brancho


aiLvm Aim minor caia.

Poring the past 'sreek we hare placed electrical protection on

the vault in rear of Bpnd Department and strengthened the sxqpports of

the vault preparatory to the handling of coin* The necessary equipment

has been ordered and in a few days we will be giving this District the

sane service afforded by any sub-treasury.

By re-arranging our cages and floor space, we are able to assume

these additional operations without rental increase*

The handling of coin, as well as currency, will be assumed as

a banking function, any supply of coin or currency on hand being treated

as reserveo It is quite possible the {federal Reserve Banks will greatly

improve on the stib-treasury methods and sons of the banks are now con*

sidering the wrapping of coin as an additional service to their members*

stre-gRBAaPRY samTims.

OUHKBHCT.

fhis bank has been authorised by the Treasury Department to re

deem all kinds of United States notes, make denominational exchanges, al

so ooin for certificates and vice versa* ffle are authorised to cancel all

kinds of notes and nay in addition cat in half all notes except national

bank notes and ifederal Reserve Bank notes*

for nearly two months, we have been aooepting from all oar members,

currency in any oondition, the only restriction being that each package

wast contain 100 bills of like denomination* In another week we will have

installed 15 speoial sorting tables, and then will be prepared to handle

promptly and without night work, all currency deposits» The larger T*in

City banks have also expressed their willingness to request all their

member bank customers to deal direct with us in currency shipments* Oon~

siderable expense will be saved member batiks by this plan and there will

also be a reduction of labor*


COUPAitA'JIYE S'i'ATaim OK KE30UH0BS tSUBKAi. BBSiSHVE BANK 0? HIMKAPOLIS

1920 - 1919

___**»• 31. 1920 D»a. 31. 1919

Gold Redemption Fund FoB* Votes 3,097,833*00 205,448.00(Board 11,200,000*00 19,800,000.00

Gold with F.R.Agent (Redemption Pond 1,652,820*00 2,994,605*00(Minneapolis 13,052,000*00 13,052,000.00

Gold Settlement Fond 8,455,953*55 4,872,374.56Gold Bullion and 'Join 1,074,395.00 2,099,845*00Gold Certificates (Inolo C. H. Ctfa) 6,315,920*00 6,175,430*00Gold held in B.x* Assay Office 1,740,126*84Gold, with Foreign Agenoies 89,100*00 3,545,645*72Legal fender Botes (lncl. 0* H. Otfs ) 126,130*00 48,730.00silver certificates linol* 0* n> otfs) 12,240*00 14,669*00silver coin 111,670*00 1,850.00Nickels and Cents 6*36 10*755 per oent Fund against F.K.Bsnk Notes 480,150*00 400,350.00Overdrafts 98,385*64F.H.B Hotes (Secured by U*y.Bonds) on uand 174,030*00 97,925.00Federal Besarve flotas on aand 743,760*UU 896,665.00Mutilated F*B*Hotes For* for Redemption 1,144,500*00 359,250.00Sational Bank Notes 232,770.00 36,890.00Bank Botes of other F* B* Banka 10,890*00F* B. Botes of other F* B* Banks 4 a ,955.00 541,385.00Unassorted Currency 358,063*00 134,500*00transit Items *7,144,769.89 20,415,770*08Cheeks and Other Cash Items 439,478.35 195,414*11Exchange for Clearing House 1,122,550.23 1,945,609*22Domestio Transfers Purchased 1,875,000.00 1,136,265.19Bill of lading Drafts Definite-maturity 65,251.09 5,500.00Bills llncl. Trade Acceptances) - discounted 60,858,836.35 53,997,048.00M e r Banka9 Collateral Hotes 20,729,638.38 19,854,543.69Acceptances (Inol* Trade Aoos*) bougit 1,313,331.39 12,599,452.47Other U* s* Bonds 115,561.00 115,561.00One- year Certificates of Indebtedness 8,480,000.00 8,480,000.00lilt* Accrued on U* S* Bonds 85,654.66 79,271.98Bzpense Current 627,906.14 298,477*19Disbursements, Liberty Loan No* 4 119.98Disbursements, Liberty Loan Bo* 5 1,033*01Disbursements, War Savings 11,110.92 80,896.28Advances, lar Savings and L* L* 30.00 2,508.90Fisoal Agent General Expenses 32,370.60 28,543.43War Finance Corporation (Bxpense) • 93*26Furniture and Equipment 1.00 1.00Deferred Charges 10,814*12 7,685.42Dir* Acot* Inol* Prem* on Surd* Stock 100,429*16 92,353*86Difference Account 237*76 5,069.20Bank Premises 667,737*64 600,000*00Co of I Disbursements 10,795*25 18*599 *21

TOTAL BESOUKOBS ................................................ . 164,184,222.32 175,227,389.51


COMPARATIVE SmtEMElST OF LIABILITIES FEDERAL BE 3E?M BAKE OP KirFFA.POLIS

1920*1919

___________________ D e 0 o 3 1 . m 9

Federal Bese*ve rotes Outstanding Ped. Bet* Bk*Hotes (seorcred by irwS<. obliga

tions) - Outstanding UoSo Treasurer- General Account Members - Reserve Account,Foreign Banks Foreign Government Credits Ronmsmbers - Clearing Account Cashiers9 Cheeks Expense CheeksFederal Reserve Exchange DraftsGold Settlement Pond - SuspenseGovernment Transit ItemsAll other transit Xtems0Coupons ,Ownership UndeterminedReserved for Taxes other than Franchise TaxReserved for Sundry Expenses,,Dividend Accrued on Heir Stock Capital* Paid in by Members,Surplus Fund Profit and Loss®Discount on Bills Discounted

Bills Pttrohased Interest on T7oS» Securities Bsnalties en Defioient Reserves Domestic transfer Bought and Sold Het0 Miscellaneous,Rental AooeuntInterest Earned B/L DraftsDiscount on TT«Se Bends 0TJhearned Discount - Bills Diseeunted

Acceptances Bought

81,385,820*00 88,442,605*00

7,029,200.00 8,288,000*001,030,510©80 513,187*11

43.520.054.69 53,827,751.78108,000.00

134,858*221,951*989*52

115,000o00269,454.25 188,843*0018,567*11 5,351*62

888,884*64

4,088*286,087,509*78

197,856*45* 16 <>653,263.85 7 9760836*69

20290*96 2,864*8219o534*01

688086 180818*89

89460,850*00l,173o75

3^0780950*005,178,241*64 2,319,601.04

178,804.62 100,484*162?776c008.41 1,070,128*60

540114*96 448,447*8487,858*24 81,894*8666,988*47 14,568*4746,722*26 28,629*786,537*14 10269*08

120500*00 244*0220978.96

530802*56 880610*82589,806*82 868,889*98

8,931*15 44,652*68

tOUL • LIABILITIES * • • • • • • • • • • • * • 16* ,264,222*32 175,227,889*51

Ratio of Total Reserves to Coaiblned Hot Deposit andnot* lUbllltla*...................................... 36,1% 89„b£


FBOFII AHD LOSS ACQ0UH9 1920

■iMM l .w .t .i. .tefma r 1. 1920. to December 31. 1920.

IronsBills discounted Barters 4,734,258.72Bills bought in open market 191,662*15United States securities 181,989*66Transfers - Vet earnings 77,244*94Deficient reserve penalties (inc* into) 92,744*53 Miscellaneous

Exchange 6,693062Into on bA drafts 3 *398 <> 13Bental from Bk proml8Cs21.177*Q2 31-268*77____5,309>368*77

HiltAssessment for expenses federal Reserve Board 5,912^75 Cost of Fed. fieso Cy; including depreciation

6n printing equipment 78,586010 faxes on fed* Be s. Bank Vote circulation; 36,792*03 Expenditure for Furniture and Machinery 100,816*40

- Operating Expenses lZM7âfiS________

JBxoess of Sarnings over Current Expenses <54-308-789<,9?

Disposition of Excess S&mingss •Beserre for depreciation Hew Building #100,000o00Seduction of Bank Premises - Helena Br 77,737*64 DiTidends for period Jan* 1, 1920, to

Deco 31, 1920, 195,870o65Sransf erred to Surplus 3,410,948o10

Baid to Government as a Franchise Tax 524.233<>58 <14-308-789»97


moss asp m * earjunqs akd sxhsbses bt moms for

1920

■ M W - M S B ? - M g SABiaaaa

January 339,915.12 50,784.37 289,130.75

February 320,333.60 56,116.16 264,217.44

March 3520255.06 60,178.18 292,061*90

April 367,157.76 54*653.34 332*504.42

May 4230311.14 58,165.86 365,145*26

June 433,167.63 109,367.12 323,800.51

Jfcly 4950251*83 78,712.31 419,539.52

August 503.593.68 71,452.22 432,141.46

September 5080293.72 87,695.31 420,598.41

October 534,967.07 85,919.80 449,047.27

Herember *495,351.44 108,736.70 391,614.74

Deeeafeer

Total ........................... 5,809,868*77 1,017,166.17 40292,182.60

Sit Charges te Prefit and Leas Account .* .......• • • • • • •» ........... 161-130.27

4,131,052.88

Dividends paid to June 3 0 ,1 920 ..........o . $ 95,441.49

Dividends paid to December 31,1920 •••.« •• I 100,429.16 195,870.68

Jfet Earnings for 12 months ending December 31,1920 ..'• • • • • • • • • 8,935,181.68

Transferred te Surplus June 30, 1920..•.....#1,609,241.56

Transferred te Surplus December 31,1920....o 1,743,458*86

Transferred to Super-Sarplus Dee.81,1920 ooo 58,248.18

Paid Government as Franchise Tax q..........ooo 524.253.58 3,935,181o68


ALLOCATION OP EXPENSES OF THE f£:£RAL RESKR7E BAMK OF IlIlMEAmiSFOB THE YEAR 1920o

Assessments account Expenses of Federal Re serve Boa id Federal Advisory Counoil (fees and traveling expenses} Governors* Conferences (including traveling expensesJ Federal Reserve Agents' Conferences Salaries: Bank Officers

Clerical StaffSpecial officers and watchmen All other

Life insurance premium (employees' group insurance)Directors9 Fees and other expensesOfficers' and clerks9 traveling expensesLegal feesRentTaxes and firs InsuranceTelephoneTelegraphPostageExpressageInsurance and premiums on fidelity bonds Printing and Stationszy Repairs and alterations ’ Currency shipmentsAll other expenses, H.So including exchange paid Abrasion on Sold Coin

Total Expenses of Operation

Federal Reserve Currency (oris* cos %-incl»ship• chg.) Miscellaneous charts account Fed. 1?es. currency Taxes on Federal Reserve b&rik note circulation Furniture ’ sad. equipment Bank premises Taxes

Totalexpenses 1920 Total escpenses 1919

•Credit - Recovery

Bank TransitGeneral

# 2 t5*0«.12893.17451o8227.11

77*636*96184,032.66 * 179,690*9310,269«66 496*3?15,011c09 8,675*312,185>86 1,4740986,141099

10,352.06 3,527*063,100^00

13,616o52 8,143*32108o0a! 1,170*75

2,679o 8 153*1511,286*91 2,487*7811,977.01 55,928*611<,5 6»63 9,676o74

16,605.84- 1,986.3235,193o93 20,977o3422,52314420,812eBE12,145,82 4,764- 67

. 7-61&JB . . . . . .

HelenaBranch

$ 562*90 ,1,348oil

122o90

4o68I,5'i0o00

66^,24

6,315.70

760,90

^486^569^ 4299.153.53 11J>8Qo63

62,626 28615,959.2436,792,0315,586.011.988.17

61,204.15 24,025o44

______ ..............S t t L A H s l M I ....j z & M & q i$427,924,87

increase of m m ikporsaht sejsss* m :s over 1919 pioufeEs.

Haines Amount__

Salaries: Officers 4 16,600* Postage $ 34,700,Transit 96,500* Expressage 11,000,Bank General 59,0000 X2180 & Pram* on fid. bonds 10,000,

Overtime, Extra help and supper Irinting & Stationery ‘ 37,200,money 20,200* Repairs and alterations 16,200

Of floors9 & Clerks9 traveling exp* 9,700* i:oney Costs 35,500Bent 7;§OO0 Furniture and equipment 77,000,Telegraph 11,000^

Transit Department increase of employees over 1919 is 87, and enployees of Baiik, 62« Overtime largely in Transit, Discount and Collection Departments, especially last half of year* Much traveling has been done mainly to non-member banks9 Rent, telegraph, postage and expressage are mostly Transit Department increases due to new quarters, volume of business dons and the necessary collect! on of check* through agents « Supplies vere required in much larger quantities and Helena needs are also included* The major portion of expense "Repairs and Alterations" was for new Transit Department* Increase in money costs is due to additional service given members, increased printing cost and larger bank note circulation Furniture and equipment is for Transit machinery and desks $61,000* and Helena Branch equipment $24,000,.,


w v sm P T n m * m m m w a w w m s m iSAVISGS QRCrANIZATIQN.

Konth Humber of Cotnpensa- Average Corapen-Eumloyees tion paid aation ©aid

January 79 $ 9,285*97 # 117*54fetardary 60 9,366*80 117*08.March 82 9,426*02 114*95April 84 9,790*66 116*55May 86 9,987*14 .116*13June 88 19,366*29 220*07July 90 10,728*24 119*20August 91 10,761*90 118*26September 89 10,534*42 118.36October 91 10,756*42 118.10Hovember 86 9,942*23 115*60December 82 22.777.17 277.77

totals © • • © 1028 $ 142,723*26 $ 138*83

fiosxnt paid la June and December, 1920, included in above figures................... .$2&,991.75Average number of employees 1920 86

" monthly salary of " 1920 11,893*61

___w m m ® .r a m .

I’onth Ifa#ber of Employees9 Average Monthly

January 213 ♦ 19,296*19 $ 90*59tfefcruary 216 19,631*99 90*89March 233 20,311*90 87.17April 262 22,318.19 85*18May 254 23,438*83 92.27June 300 53,426*70 178.09July 296 30,419*19 102,76August 290 30,636*77 105,64September 305 30,583*99 100.27October 316 32,004*89 101.28November 337 38,188*03 98.48Decenfcer 355 ______ 77.873.68

Sotals o • . * 3377 ♦ 393,130,35 # 116.41

Bonus paid in Jtuae and December , 1920, ineluded in above figures » . . #71,273048

Average number of employees 1920 281n monthly salaryof enployees 192} 432,760o86


w u .m s m jM mUXi*umJWLkS

Q ..fcJLT A.ftA.1-1 l i J — g J T A . t J J L S I 1

As at the close of business December 31.i m J im

Federal Beserve Botes on Hand*........ **«•••. *#9,690,000o00 #70560,000*00federal Bsserve Botes Outstanding oo*»******61,365,820*00 86,442,605*00 Federal B»ser?e Xotee sent to Comptroller of

Currency for Destruotion*.***.******..*«.o960644,180*00 56,077,395*00Bills to secure Federal Bsserre Hotes*........ 66,263,748.75 74,160,777*53

urn a m m u m m m m m m .

Gold Ooin and Certificates on Bfcndo».*«oooool3,062,000o00 13,052,000*00Credit Balance in Gold Bedeqption Fund****** 1,652,820*00 2,994,606*00Credit Balance with Federal Beserve Board . 11»200*000*00 19.800.000*00

Total........................ *............................. $280,286,568*75 #262,087,382*53

1920 1919Federal Besenre Botes Beoeived from Comptroller

of the Currency,Gross Amount....... ..••••# 1860120,000*00 #152,080,000*00

w w x m i n m m m u m w w v w mm g m flKBRVS IQIBSk

Gold Coin and Certificates........................... 25,904,820*00 35,846,605*00

UlgiMe Paper.........................................T#iHfiiWsML

Total........................................................#280,288,568*76 #262,087,382*53

SOLD BQtDlBflfi OF fHB BABE IBP T O FBDBBAL HBBBBIB AflfflT AT CLOSE OF BPMMEBS DBCSMBBR

a it , m ig w g iM P with www 9 f n m m w m m n % .A n h

BAMg 1920

Gold Coin and Bullion* * * •««#2,614,5220 Gold Certificates*****♦**♦« 6,316,920*Gold with foreign Agencies* 69,100*Gold Settlement Fund *....... 6,455,953*Gold Bedeiqption Fund......., 3.0971833. #20,773,326*

Gold Ooin •* . .. . •* .•* .. .# 3,000,000*Gold Certifioates* ***♦♦* 10,052,000*Gold with Federal Besenre

Board . . . ................... 11,200,000*0014 MMVttoa mad . . . 1.662.880. *26.904.820.

(16,896,743,

BiiUC 1919

♦8,099,846.6,176,490.3,646,646.4,872,974.

IflMW 1919.

<8 ,000,000.10,062,000.

19,600,000.2.994.606. <86.646.606.

OOI0inD HQLDIHOS................................ <46,678,148. <62,745,848.


Daring the past year there vat a heavy expansion in federal Reserve Votes in all Districts with exception of St* Louis an! Minneapolis*Our oontraotion fron a year ago was $7.,000,000* and a redaction of $169000,000o from the high mark of 1918 whioh was in Decenibero She following table will show the actual circulation of all the banks as indicated in the last published, reports of 1919 and 1920o While oar issue of notes was practically tip saas for 1919 and 1920, we retorned to Washington for destraotien nearly $5,000,000* more of oar notes in 1920 than In the previous year0 On the contrary other Federal Reserve Banks retorned approximately #7o500o000* less of oar unfit notes to Washington in 1920 than in 1919* More of oar notes were returned to as by other Federal Reserve Banks in 1920 than in proviims year* bat this woald not hare been so except for the lowering of the standard of fltneaa of Federal Reserve Sbtes*

It has been estimated that in order to keep an unreasonable quantity of soiled and worn notes out of circulation, it will be necessary for the Bureau of Engraving to print 1*200,000,000* notes yearly* the capacity of the plant, even eliminating the printing of bonds, is only800,000,000 pieces and for this reason, the reserve supply of new notes has rapidly fallen*

Fffort has been made to hold down the issue of new notes and keep money in eirealatloa longer* During December our reserve supply of notes was increased, but we are still $10,000,000* below figures of a year ago*

Total cost of notes during 1920 was $115,878*18 and grand total of costs sinee opening of bank $410,889*96* * Included in 1920 cost is $6,278o67 for depreciation on printing equipment from opening of system until June 80, 19209 and a further charge of $11*276*33 covering depreciation on equipment until June 80* 1928*

Our present supply of notes at Washington is #41*880,000* upon whioh all oosts have been paid except transportation to Minneapolis*

fl» following tfcbles will indioate our issues, oosts and information considered of interest <

oamfflisai of wwawmima msrotf nogs, m . m m a ratSffiTE ares

ABLSXSSIt*

December 26 December 80 Increase Decreasel U i 122ft 120L i m

Boston 258*669 808,808 81*884KSw York 929,668 1*080,884 100*691niiladelphia 849,488 298,624 44,186Cleveland 284,885 879*781 95*416Richmond 155*282 161*282 6*020Atlanta 162*809 179*946 17*187Chicago 888*788 684,429 100*691St« Louis 167*818 158*722 11*798Minneapolis 88*916 61*886 7*080TTanaae City 111*008 118*608 7*600Dallas 77,977 84,714 6*787San vranoieoo ettIsoi OSoliL ttJtfSystem 8*292*098 3*788*880 446,782

QRIOIMAL COSTS OF EB0RA7ISG AID HUEKSI1B FCTBRAL RESERVE B09SS AT BUREAU OF EEOULT-

_______________ im * . f iM M g H ft____________

1914 to 6-80-17 $ 84o8T7-1-17 to 6-80-18 36*567-1-16 to 6-30-20 44*78.7-1-20 to date 80*68

JS* .IK Wheats IX Sheets HI Sheets U sheets

In Addition £l*U. per thousand sheets should be added for depreciation of oquiposnt to JUne 30, 1920 and $1*46 per thousand sheets fron July 1* 1920*

AMOOST HID FOR HEJfiEOIlflGV______ or MrcaiHi__________

On notes winted to JUne 30, 1920 $ 6*278*67

June 80 to Deocm ber 81, 1920**** 202*94

Oharged to Current l^penso Deoeuher 81, 1920, for oost of new equipsmnt XLdU Sbtt

ir,08oioo 14Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

raagm BKiBKVB noma araBiran mu laaraa hy

CT IfPP (fy Jtf?fifffl M POTR sit 1939*

jffiK m.ifta,gg£ Tom

FlWi *ooc«*«*»«*»i« 1q220{|000o ooi»m «« 1|220|000«Tint ............... . 1,400,000* 2,990,000. 4,930,000*Twenties *••• • • • • • •« 960,000* . 960,000*fifties *.o. • • • » . . . 190,000* 90,000* 260,000*Hundreds * . . . .........* 960,000* 40,000* 400,000*Five Hundreds *....... 170,000. **•*•••• 170,000*Thousand* ............... 200.000, _ _ *< 2001 OOP.

Total....... *............. 4,500,000c 3,060,000* 7,560,000*

RECEIVED FB01I RBTCBBBP BYCOMPTROLLER BANK TOTAL

m m j mFives........«.««•• «llf920,000o 595,000* 11,916,000*Tens .................. 8,460,000* 2,295,t00o 10,775,000*Twenties •••«*o*** 13,440,000* 2*050,000* 15,490,000*fifties ............. 600,000* 120,000* 720,000*Hundreds **••....... 1,600,000* 190*000* 1,790,000*five Hundreds **•* 200,000. **........ 200,000*Thousands ........... ......390,000*

Total .................. 36,040,000* 5,740,000* 41,780,000*

IggygPIP BABE

Fives ••••••••••*« 10,400,000*fens *«*««........... 6,560,000*Twenties ............. 12,000,000*fifties *••••••* •• 375,000*Hondftds *«o****«* 830,000* five Hundreds **** 110,000* Thousands «o****«* 315*000*

Total •••.••••••oo 32,590,000*

TOTAL

285,000*4,535,000*1,310,000*

190,000*150,000*»*o«*to*

■ J W i W i

10,685,000* 13,095,000o 13,310,000*

565,000* 960,00Qo 110,000* 760-000°

6,860,000. 39,460,000.

m J IU A J S S TOTAL

fives *•••♦••**•• 2,140,000* 310,000* 2,450,000*Tens *o* ••••••••• 1*320,000. 690,000* 2,010,000*

2,400*000* 740,000* 3,140,000*415,000* 20,000* 435,000*

Hundreds *••*•••• 1,130,000* 80,000* 1,210,000*five Hundreds *** 260,000* 260,000*

285*000* 100*000. 385.000*

Total oo*******o« 7,950,000* 1,940,000. 9,890,000*

. m u i X989B w m m u n m e&

1918 1919 192020*5% 36J$ 27*2%43*0% 29.6% 33*2%32*5% 89.7* 33*8%

fifties ........... 1*6% .rf, 1*4%2*4% l.ojs 2*4%

Five Hundreds ** • • a • e .6% *2%

2.4% 1*8%

100% 100* 100%

/ £Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

> n 11 HB3BHW »MKS I38OTLD km MEWmpfTO atMK ft«OA»T|Tm|

I3SUEP «n

leaned in 1914 #260e000o

-IML 1916 m

January t 160,000o 1 I 2,500,000*February 452,000* 200,000o 1,400,000oMarch 1,000,000. 1,070,000*April 600,000* 90,000* 2,860,000*Hay 200,000. eo9oooo 2,260,000*June 640,000o 200,000* 1,800,000*July 1,100,000* 700,000* 1,300,000*August 1,200,000. 200,000* 1,940,000*September 1,500,000. 1,000,000* 6,860,000*October 3,900,000* 2,610,000* 9,360,000*Fovember 2,000,000* 2,700,000. 6,400,000*December l.OOO.OOOo 2.000*000* 4.600*000*

Total for Tear *oo» # 13,742,000* $ 9,680,000* # 42,230,000*

m a m m m M S B w m ?

January t # 126,650*February 130,610*March 136,200* 2,131,600*April 49,600* 1,703,760*May . 64,100* 461,400*June 78,300* 629,600*July 69,000o 226,810*

Auguat 90,600* 774,700*September § « •$ $ : 969,220*October r v | fWQ

656,700»

Hovember 112,900* 611,860*

December ___ItaSMbu.

Total for Year f 8,988,095*

U U L 1919 - 1 S S L

# 600,000c $ 800,000* * 1,860,C 0.2,160,000* 1,350,000* 8*240,0'. 0.2,946,000c 2,310,000* •8,860,010.2,000,000* 2,450,000* 2,876,0(0.

840,000* 3,800,000* 1,600,000.1,400,000* 2,900,000* 1,200,000.4,000,000* 1,480,000* 8,180,000.4,785,000* 2,050,000* 3,420,000j

16,140,000* 6,080,000* 6,186,000.8,720,000* 5,050,000* 4,486,000.2,160,000* 3,570,000* 2,895,000,

11.500.000* 6.160.000* 4-100.000.

# 57,140,000* #39,990,000* # 89,460,000*

# 471,410 c # 1,894,160* * 4,617,3*6.950,025* 2,110,765* 8,297,900.597,406* 2,689,155* 8,481,3J£.664,060* 2,448,740* 8 ,2 6 8 ,4 9 c ,882,330* 3,109,835* 3,080,(86.817,480* 3,584,510* 8,422,266.

815,760* 2,836,815* 8,264,*"*.999,995* 4,050,060* 3,817,3563,600* 3,194,690* 2,416,0*246,960* 3,670,295* 8,810,860.

1,047,280* 3,723,150* 8,011,100.

1.376.245* 3.257.730* 4.184.9Q0y

| 9,421,540* # 56,771,805* * 40,766,786.


I8SUB.BS133UB. AM) DEBTOiCTlCti 01 FSDEKA-L R33ERVE BOTBS SliiCB OPffilKO OP BAKU

Received from Returned by Ban*Comptroller to Asent Total

# 5,317*000* # 60,617,000*TSUS •*•••• 10*020*000* 73,900,000*Twenties »** 7*736*000. 66*376,000*

390*000. 3,390,000*Hundreds**** 510,000a 5*710,000.

• • • • • • • • 6009000.Thousands * * * 490.000* 2.090.000.

# 24,462,000* #212,582,000.

m m jK L s m

U&i m , m j s s TQTA.L

# 5,007,000. # 68*067,000*Tens*•*«•••• 9,330,000* 71,690,000.Twenties*.** 6,995,000. 63,235,000.

3709000* 2,955,000.Hundreds•*•• 430,000. 4,500,000*Five Hundreds....... 340.000* *•*••••• 340,000*Thousands***. 390.000. 1.705.000* _

Total........ . # 88,688,000. #202,692,000.

IilnCTHi »Y Icij AT ■axM 1 ililTUliBeturned by

Be turned fieturned other Beturned by Other Fsderal

____Ssacfitt___ . HUngiittlit B w m Pwlto .IfttalVlvss........ # 4.260.000* # 3,127,630* # 9,990,000* # 16,574,660. # 35,952,310.Tens******* 2,546,000. 3,656,090. 9,612,000* 20,699,460* 36,712*570*Twenties*•• 1,020,000* 1,8129620. 5,456,000. 14,265,080. 22,573,900.Fifties**•• 25,000* 117,000. 205,000. 366,300. 715,300*Hundreds*** 30,000. 167,600. 251,000. 400,300. 849,100*

6,000. 3,000* 11,000.Thousands.... 4*000. 19.000. 7.000. 30.000.

Total........ # 7,680,000. # 6,667,340. #25,539,000. # 54,537,640. # 96,644,180*

In Hands of BatioAgsnt In Circulation Destroyed to

JJsb«fe*r 31.1980. _S#csirt>*r 31.1920. to ta l li«n e. _R t m 2,460,000.f m ...« .»«« .••.« .«« .« . 2,010,000*(MtttiM ................... . 3,140,000.m t l M ........................ 486,000.

. . . . . . . . . . . . . . . . 1,810,000.fiT* Bundr*ds ............. . 8*0,000.Thousand* ..................... 386.000.

. . . . . . . . . . . . I . . . . .$ 9,890,000.

# 16,797,690. 86,167,430. 82,986,100.1,649,700.3,140,900.

389,000.l.iac.OQO.

# 81,366,880.

67.7](66.7%40.1*87.7%8 0 ,#3.2*

6 3 .#


IBDBRAL HESERVE BOSS RECEIVED FROM AJTO HETORKED TO OTHER VEBBBAL RESERVE BAKES

Vmim 1920.

Received from Retamed to ____ 122S_____ ___1»2Q

Boaten.................................. # 804,900. | 490,000.M r ...................................... 8,984,400. 2,606,000.l U U M l b U ........................ 684,250. 8*4,000,a m l n t ............................. 1,464,000. 1 ,222,900,filctaond................ .............. <47,800. S47;8M.itlwt* ................... ............ 782,480. 486,800.cnsioaeo ................................ a ,888,000. i6,s96,soo.St.Lonl* ............................... 1,896,988. 988,800.XftasM City........................... 3,190,900. 2,895,800.I * n « ................. .............. 888,TOO. ■ 481,800*San VM M lM O....................... 4.948.888. 8.447.000.

fotol............................. . * 42,784,900. * 29,278,650.

B K U L BESBRVE WtBS SFCEIYED FSOH A© BEfDBKO TO OtBBB RSDEBAL RESERVE B&BZ8

ST *>»TB3 OTRIS8 1980.

Received froii

____ i m ...-

E» turned t«

tmmrr.............................. * 4,999,2X8, « *<,747,880. M n iu ? ..... '........... . 2,717,020. 1,628,000.Baroh.......................... ....... 8,466,060. 2,866,800.ijr ll........................ .......... 8,188,08. 2,2)7,600.I V .................................... 8,480,740. 8,106,800. A M ................................... 8,784,608. 2,729*000. Jaly........... ....................... 8,627,860. 2,669,800. Itflit................................ 8,447,890. 2,888,800. SlftHtir........................... 8,4*9,168. 2,848,000.Oototer........ .................. 8,682,218. 2,867,000.Ssreaber ................ . 8,628,070. 2,841,000.Moemter ........................ 8.898.088. 2.886.000.

fUl ............................. $ 42,784,900. * 29,278,680.

* « & . . . . J919................... $89,608,686. # 29,708,600.


X'a *»a s*a fa ta l

(n w t o t naa«a>i» a , u » * 8,4«o^to. #1 osae.no. # ««moo. # s.im.ooo.Baa*A <mm OMVtoaUar ino 4.M2.000. ' 814.000. '2.400.000.

g»«sx................................... $ n ,s « ,57o . #2,012,»so. #2,es8,soo. #16,*44,000.teaa —BaatroyiOaM ntlaf fteoaribMP SI. 1920DaatrojaA during TOO * 6,570,600. #1.840.000* # 804.500. #«,414,a00.

' # 4,828,070. # 772.930. #2,294,200. «7,M9,800.

AL HESROT BAJTC M B U D B E . SEPTEMBER

l»a 2fa 5*# Total

FOOOiTOd fMB Ooaptrollor # 12t4640000o $20312,000« $S,320v000o

MitNfld at VMUagtOB | 796419980o ♦l055f,OTO# tl90669800« |lOv266t80O«Qa Hn& Daoaribar Sl9 1920 128,978* 35,512. 9,540. 194*000*la aotaal circulation it/si/io 4 .Q 8 .W L 7»T-dia« LttLttDa

,312,000.fotal . . . • ...................... 12,464,000a $2,312,000. *3,320,000. *18,094,000.

UVX9ED S9A9BS SECURITIES WISH TREASURER UHITED STATES ID SECTORS JBBBRAL HESERTE BARK ROTE OIROULATIOR

______________________________ W - A M B E i _______________________________

2jf » m p y Cartifioatoa of la&obtodaooa tot aaadry dataa 1921 4 19100,000.4 " 1922 ___

........................................................................................... I 8*480,000*

Coaaidarablo difficulty iw osporioneod dariag tha paataix non tha la

gattlag aa adaqpata aopply of aanr nail Mila* Tha doaanda of oar Diatriot h m

boo* greater daa to the faot that the Treaaary Depertaant baa ooaaod aaadlag an* aoaey

direct to. beaka retornlag unfit aotoa9 bat roqntata aa to orodlt tto reaitting baak

or aoad aar aotoa oat of oar etoofe

la hurt boon unable to got a aoffloloat aapply of oar own aaall batik

aotoa aad fooad it aeooeaary to got logala froa ladhiagtoa# Thia arraagea»nt0 bowerer,

M M n practically oaohango gold for tJkdtod Statoa aotoa0 fba altoatloa haa aar

Ujgwtd aad we are reoolTing aoffioient batik aotoo for oar nooda.

M r that the federal Roeervo Bank* are taking oa the redemption of aaall

hllle, it aay ba axpeoted tho expeuee of oporatlng oar Caeh Departaant will aaterially

laoreaae. Bowmr9 wo aro .oatitlod to replaoeoaate of all aaflt United Statoa oorreaoy

bgr aar aotoa of 111a kiad aad will aar bo abla to ooaaorvo aoaa of aar oaa aoteoo Ship*

ping, rodaaqptftoa aad plato coat of oar batik aotaa for tba year waa Il96881o09t while

the 1910 tar oa eireulation waa $369792.03o fotal ooata for tho 27 aontfca aa have beea

iaaaiag baak aotoa9 aro #29o402«00 aad total tame paid *51,081.06. Oar baak aoto

circulation ahooa a refaction of |5009000« ainee a year ago9 bat tMe vaa aade y n ilM

froa tha faot that wa paid oat $700,000* of legal oaoa dartiur tba last six aoftths

1CDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

-CROSS EARKIHOS B7 MOVTBS FOB 1920.

Bills discount*edMember and U. S. Transfers Deficient Bs Miscell Total Total

1920 Bed* Bes•Banks Acceptances Securities Bought * Sold serve Penalties aneous 1920 1919

January #2?3,664o33 #35,317.94 #15,634.27 #59249.25 #2,420.37 #2,726*96 #339,915*12 #204,303*07February 205,742.69 16,610.66 13,870.37 3,106.00 I»081c25 79*39* 320,333*60 193,851*28March 304,380.41 23,407*91 19,178*25 4,355.80 904.69 28*02 352,256*08 224,984*96April 334,487.06 24,121o15 15,491.60 4,666.4? 1,980*19 6,411*09 387,157*76 259,044*61May 376,766.64 21,047.06 14,737.05 6,344o 01 4,390*68 25.50 423,311*14 240,427*63June 376,308.98 17,242o45 15,719.68 6,799.15 14,978*88 138*49 433,187*63 229,249*42July 441,694.36 16,686.31 14,516.32 8,013.57 7,461*08 6,680*19 495,251*93 239,951*97August 463,459.43 9,851.99 14,669.01 6,046.19 6,198.25 1,368*78 503,593*68 216,$53*48September 459,133.07 i ,793*56 14,333.33 9,215.30 13,236*14 6,577*32 508,293*72 241,665*85October 485,016.49 7,602.27 14,731.47 10,026.20 10,987.68 6,602*96 534,967*07 300,368*89Koveofcer 457,370.53 7,136.90 14,229.51 6,263.00— 9,944*53 406*97 495,35i*44 299,548*66December 469,129.53 7,043.93 14,878.57 5,158.00 19,160*79 379*86 515,750*70 357,090.48

fo m ^4,734,258.72 #191,862.15 #181,989.66 #77,244.94 #91,744*53 #31,268*77 #5,309,368*77 #3,007,040*72

* _ J J a c o v e r v .

____________ m s .Average Monthly Gross Earning for year 442,447*40 250,566*71

«• " Expenses « « — I f t i Z i K i j K . 46,374.22n • Met Profits * * 357,681*89 204,212*49n " Dividend Paid • • 16,322*55 15,015.52

Average Monthly Gross earnings last half of year 508,866*07 275,863*26Expenses fiet Profits

Average monthly cost of Federal Besenre notes for yearRate per oent of Ket Earnings on Paid in Capital Stock for year

■ M M M A4M.SX7.0S

9,614.64119,665 f

49.746.19 826.017.07

6,162.25 79.72 $

\


AfBBIGB MILT BDXJKX60 Of BAHffI» AS3BTS BT XDlfBS FOB

1910

HnmrjM v m i

1180 Bill* U.So Bondi 4

i|VilM r

itii m«8»tI^N iV irom tir

B&SMoatsA AAoentanoes Tressy. Votes fatal

67,067 X 0*921 X 9*147 X 08*30869,221 4,246 0*607 02,18468*017 6*488 11*219 79*67469,866 8*024 9*848 06*06870,860 4*027 0*606 80*99878,248 4*089 9*467 06*74477*861 8*400 0*686 09*69701,019 1*747 0*899 91*86808*896 1*189 0*609 98*42408*402 1*881 0*618 96*86604*878 1*491 0*604 94*40602*007 1*868 0*727 92*097

iTUIfl1020m o

76,062 X

41,759 X

3,646 X

20,602 X

9,026 X

6,676 X

80,756 X

71,119 X

AVERAGE BATE OF EABBIB&8 OX EAfiVIXO ASSTS Bt MONTES

1920*

» » *u r n

JVMJulyAugust9epteaberOctoberXOresberDeoeaber

Average1920

Average' 1919

Bills UMOUt- ed for Xsabers 0

AAosnftanotsU»8«,Bends 4 Treaty* letes fstal

4*904 % 4*674 $ 2*010 f 4*610 f6*210 4*930 2,020 4*0696*708 6*002 2*010 6*1416*880 6*068 2,028 6*3668*007 6*140 2*022 6*4736*801 6*200 2*020 6*7846,726 6*794 1*906 6*2346*764 6*067 2*014 6*2946*701 6,100 2,017 6,2596*606 6*626 2,014 6*2646*696 6,069 2,012 6,1706*670 6,006 2*007 6*224

6*223% 6,269 £ 2,016£ 6*766f2

4,381 4*267 2,460 4,1MDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

CMCM

wscorar ophultks® 1920 - i919compara*i?b

Month Munfeer of Banks Mosfcer of Items Aaonnt Bsdiscounted in M*sServed Beeeived

1920 1919 1920 1919 1920 1919

January 228 168 2,462* 764 # 61,183 M « 17,317 XFebruary 221 128 1,988 478 62,836 12,490March 276 142 2,936 467 68,461 20,981April 346 180 6,036 846 89,362 72,968May 441 236 6,616 lt612 87,603 81,162June 496 212 8,679 1,114 94*768 37,862July 602 161 7,222 817 72,291 28,663August 488 163 6,646 794 81,183 38,193September 410 164 6,316 1,378 73,706 66,861October 608 224 8,140 3,273 83,031 100,613fiove&ber 687 280 8,216 2,969 82,688 88,806December 624 270 10*110 96.800* 96.743

2317 73,164 18,737 #963,391*M |661,620*M

VOUiMB 0? fi -DISCOUBTS FOB 1920*

Bo* Pieces Rediscounted 1920

1919Total Amount Bedis counted 1920

19191918 1917

36,26610,139

$736,161,863*61 1670,359,414.1b #368,768,786.00 i 70,234,993o00

KorthDakotaAJBIIUK

6,6461,626

# 60,331,896.6* f 16,664,910.41# 17,616,176.00# 3,060,613.00

South

11,9393,M6

# 67,876,616.47# 46,860,060.86# 31,766,675.00# 2,357,986.00

13,0322,678

# 63,692,374.96# 14,170,110.96 I 11,794,376.00# 2,815,187.00

WUcoKBin

2,108614

J 19,516,346.19 6,667,289.76

# 10,284,681.00# 1,204,175.00

Michigan

362333

# 6,924,176.23 I 6,908,662.75# 4,669,108.00# 481,822.00

___lasti.73,27518,737

#953,391,763.10 #661,520,378.37 #433,791,800.00# 80,154,715.00


KBMMWTE SW IBBlff g g g m t a a B E S E XUfi. SBSSESBL. SBBESUi 8BSEB2& £U X S t

jg m m ia .

. f n«u»n« 1920

990Um *Mir*Apr*«ayA m

M ylag*Sept*Oct#JTcr*Deo*

521,670 180*356 466f408 621,028 449,900 470,358 878,027 191,226 275,108 540,219 444,072

JBSJStL80069,141

Aafttmt

# 1,228,064*84 486,799*6?

1*421,841*64 1,948,998*64 1,440,949*67 1,787,417*69 1,072,685*88

474,8*7.06 1,124,442*20 1,938,482*79 1,365,017*35

16,416*620*21

1919

an fet

Jan*

r t f S tr o m

181,008!»*• 76,955Mur* 849,491Iff# 666,868ftqr 714,816M m 861,017Ju ly 244,486lag* 124,566Sept* 840,184Oct* 808,074Sfcr* 882,868Bee* 77T!iQ6

8,192,958

1,669,887

45,089

1918

1917

847,604*88 187,n7*66 976,801*78

1,789,982*18 1,888,626*88

948,866^7 524,460*68 285,511.59

19026,867*74 20274,460*20 10467,472*55B.THitM iM

U ^ H 4 t t .n

4,3S0,MS.Se

rn .6i5.t7


qollbomoh BBPiHnaara

nrMPUjTaoat n» rnmm n» tmm* BgCBITOD Kg OOLUOnOlf

amiHS 1920 and 1919

am * flm.T^wftns WCTCT gttSSCTMW1920 1919 1920 • 1919 1920 1919

January 7,875 7,921 1,573 541 9,448 8.462February 5,151 5,202 1,884 592 6,485 5,794March 6,150 &,784 2,189 360 8,289 6,144April 5,888 4,652 1,869 390 7,757 5*042May 5,819 5,657 1,508 490 7*327 6*147June 6,760 7,514 2,858 396 9,118 7*910July 5,999 6,158 2,466 909 7,859 6*ffiAuguat 5*792 6,682 4,179 964 9,971 7;M6September 10,972 12,194 8,841 492 19,813 12*626October 11,780 11,420 11,465 729 23,245 12*249Hovember 11,887 9,846 10,519 1,988 22,406 11*294December JI0477 10.049 18.528 1.599 23.705

154,923total- 99,644 98,068 61,279 7,584 100,652AverageMonthly- 7,804 7,756 5,106 692 12,910 8,888

TAim n» ti-ais sbot mu i«»n our C0CT«T JMAL

# 72,975,000,48 # 86,420,677.01 # 129,898,877.49

wrwt ■wtatantBB of an m m seam s,

JSBLfcll UMilte Tjthdra~*i«JMttOjr 1920................... # 61,478,848.25 # 60,470,602,28Mteoary......................... 81,860,090.80 84,012,060.21krth.............................. 112,166,118.78 1U,688,(»1.44April.............. ............... 44,168,892.82 42,224,726.20B y . . . , ............. ............. 11,264,489.90 11,280,288.26n m ........ ....................... 80,467,428.98 80,987,889.19J*ly......... ..................... 18,994,088.02 18,988,848.92Aagut........................ 10,280,888.17 9,998,468.49SqptoobMr........................ 28,788,418.96 28,069,210.28Oototor........................... 11,896,888.62 12,888,418.82Im ritt......................... 17,892.820.29 17,977,214.40» •« « * « ........................ . 89.898.794.07 88.991.176.60

fot*l«................ 4 489,068,818.78 # 486,021,986,461919. 1,082,889,290.42 1,086,887,684,78 *0r«rdi»ft

1,521,192*96 680,886*98* 119,749.22* 719,407.80 789,991.94 269,676.73 902,882.89 557,275.91

1,221,481.12 784,620*92 690*126,91

818,187.11

Baring tha 9 a Payment Period* which eowt four tinea % yiur, m bare been required to oradit immediately the Creasurer'e Account with lt#ma throughout our diatriot, and have been foroad to oarry tha float by making immediate paymaat in gold for naturlng treasury Oartlfieataa. Any orer-draft la exoeea of unoollaetad lteme ma covered by 2$ Special Oartlfieataa, ufaioh m vara required to par* chaee from tha ftreaaurer. Objections by several M eral Beeerve Banks to thia lav rata of interest brought an inoraasa to 4£ as of December 19th, 1920. Vi, however, ara vary mah opposed to carrying float for tha treasury Department when we will not oarry auCh float for oar Itebar Banka.

w w i

1920 1919

BiOtlpta....... *84,009,765* #71,079,879*Shipments *••4180,069*817* #101,202,896.

m

,260,796.929,166*


masBxt m mrn bask i«,jm niigQ aa

m m m , 3013)

Kail liretionth v/lre

Hq* Amount KO. Amount HO* Account

January...o 71 # 19,266,007* 526 # 67,244,365* 476 46,546,732*34February.oo 47 13,340,595* 505 51,329„773o 446 37,312,644*02Maroh*ooo*o 57 17,905,716. 562 66,1&1,752* 760 68,839,627*93

60 13,945,179* 478 47,533,521* 788 56,664,077*0366' 15,410,610* 515 48,945,541* 694 52,602,353*7269 14,515,667* 547 59,483,235* 770 53,254,211*32

July.••*.*• 53 13,515,700* 706 72,708,384* 712 38,491,086*06August***•• 51 11,033,129* 633 67,451,994* 755 39,473,364*72September* * 55 15,064,336* 781 81,509,090* 752 39,862,613*07October*... 52 16,300,621* 821 62,276,195* 864 49,293,367*92November* *• 56 12,026,756* 721 83,966,219* 795 41,411,513*83Deoeriber*** 52 10.030.641* 728 83.249.162* 775 37.257.975*14Total********693 #172,375,167* 7543 #813,859,341* 8587 #559,429,767*12

>#166,202,000* #623,197,000*

On Hail Transfers bought,. and for delay In wire transfers, a charge of 20 oents a day per thousand Is made* No Mail Transfers are sold by Hi is bank* Sinoe the installment of the private Wire System, there ia no necessity, in our opinion, for the sale of Mail Transfers*

ANALYSIS OP WIRE 0BAK3PEB3 SOLD

m m & m m m M m m t w s m m a mBoston................ .......... # 2,790,991*21 72New York..................* * * * 242,046,913*01 2,992Philadelphia.......*......... 369,362*56 10Cleveland....................... 970,754*16 69Biohmond.****........ **••• 6,000.00 2Atlanta* ........................ 42,505*01 4Chicago........................ 234,121,356*97 3,356St* Uuie...................... 991,467*03 22Khnaas City................... 20,765,624*76 712Dallas........................... 20,639*07 6San Tranoisoo.•* •• • • • • • • 57.311-993*30 1.342

#559,429,767*12 6,567

OPBBATIHS OF PRIVA1B WIJMfc

SBMT HBOBITO .1920 1219 1220 1919

1196 702 1143 10011071 561 1071 7601637 696 1443 9901994 601 1214 1029

m ........................ 1461 829 1318 10951719 769 1531 9621756 781 1737 10561796 8a 1730 10641754 669 1854 10711945 997 2006 11272035 999 2011 10692408 1416 2355 1234

20166 10165 19415 12460

10005 • * * * * 6955 • • • • •

1661 847 1616 1038


t a k B 3 I T P. E P A lt ™ M B_K_g

During 1919 the Transit Deportment with 101 employees handled 10,747,657

items, totalling $2,770,0089637,46

Baring 1920 the employees increased to 188 and the total items handled

amounted to 22,791*067, totalling $40323,727,644o45e

owMimsTkTisncs

Eumber and Amount of items handled daring

1920.a n m DISTRICT OTHER DISTRICTS

/

Number kmcmnt Bbmber kwemnt

Brin City Federal ReserveBan3cBooococo20901*797 #1,914,838,005*85 ’ BankSooo«o.••••1,269,029 #594,660,255c68.

Member A Sent direot byNon-Member 17e239rj?04 1,438©116,862*32 Meiriber Banks o d ,019,665 312,159#343o52

Paid for VoSo -• . • .... - -Government___370-672____« t>gg,177t « _

Sstal.oo.......... ..2,878,6*4 #906,819,5*9.20Total.......... 2M 12C378 #5,416,908,045.25

1*1*

S S I E O l S S i l i S

Hbmber kmaant Bomber kntmt

M s City Federal ReserveBanks.......lt865,012 #10502,509,472.B9 Bank*.................. 502,014 #408,446,555.71

Member 6 Sent direct by 'X?on-Member 8,021,305o 772,£59,604,00 Ifember Banks 1,446 21,435,878*75

Bald for TJ*So ......... --Qovenmnt *87.880 ___ 66.860.848.41

Total.................. c505„460 #427,879,218o48Total........10,244,197 #8,548,189»425.00

Daly average aafbtr of Items handled— 1918*..19,985 1919.c*-35v354 1920. ..71,015

M b City Clearings handled throng Federal Reserve Bank In 1920.......#5.244,120,869.24

*»in City Clearings handled through Federal Reserre Bank In 1919.o...<*#2,899,427,855*80

WMHTO HAHKS MtD OIBiSllIgS MMMBanB* BAKES

■Kkxna TOE or THE OLEARITO A™ nrrr.wnm

FACILITIES AS Cl* BBCEMBF.B 81.1919 and 1920.

by1 It

_1212_ 1880

Inter Banks ........................... ............................. 285 857Fon-*embor clearings Aoeoonts .................................. a s

Totals..................................... 891 862


srassi* wmmm exebbseFEDERAL RESERVE BAKE OP MIBHEAIOUS

tMO

Total for Tbtai since m lfettttl. i ...... n. .in ftMBaXfcJL&SSL

m a m w m m mSalaries* Clerical Staff

Speeial Officers & Watchman All other8 Enplefees *>sc Agents Orertiaa Supper money

35 731,20 241,37 838,00

lc060,16 59,50

179c690,93 496*87

8 275.90 4(546,91

653*80X

Life insurance premiums (employees group inso) 172,16 1,474,98

Agents Expense (Postage) 23*59 606*37

Officers- and Clerks9 traveling expenses 2S0w88 3,527,06

Rent 19063o33 8,143,32

Taxes and fire insurance 1*170,75

Telephone 42,65 158*15

Telegraph 1094ol3 2.487,78

Postage 80479«26 88,322*24

Bxpressage 676*22’ 9^676,74

Insurance and premiums on fidelity bonds 111,0? 10986*32

Printing and stationery 2j266»17 20,977*84

All other expenses0 BrS including exoh- paid 218*61 4,764*87

TOTIL EXJEHSESOF OPERATIC!* • • . , ................ , , 48*878*84 299,158*88

Furniture art equipment 61.204.15

TOTAL CUHRBHT EXIEKSES * 0 « o ................ 110c079,69 860^887*68


HSIlIBtJHSABEE Zm m iTMZB ACCOM® FISCAL AOKJW OPERATIONS AHD TAR PIKAKGE CORPORATION 0? THB FEBEIUL a3?5*m BASF OP THHlt!AJ0II9 fOR

BPIKSPBSABLS EXISIHLITIRIS

Total for..... .

TO tal since

Salaries: Bank officers 550,00 6,393?44Clerical staff 23,191.90 189,815*70

Officers* and clerks * traveling expenses 321o95 3,415*04Ttoblioity 324.35 7,487o90Veni 491oil 5,357*22Equipment 534*63 9,768,54Telegraph and telephone 292,67 3-703*28Postage, expressage* etc© 400,91 9,808*59itail Insurance - 17o23Printing and stationery 3,62543 36,506*73Kewspapers and directories 20o89 348*74All other expenses. n. Sr, JkfiMtZL...

TOTAL FXEEHDITUKBS * « • * ................. .. 33.048. 80 251,719*20

Amount reimbursable January 1 , 1920 129^285»17

Total Disbursements to December 31, 1920 • . . • « • 381^004 37

Reimbursement reoeived from U.S. Treasurer since Jan> 1 , 1920including other recoveries 326, 697.60

Total disbursements for *hich reimbursement lias not yetboon received <, * © • - c o • . • • . 54,306*77

Amounts included in above "Total expenditures11 reimbursable by:

United States Treasurer

t?ar Finance Corporation

Total for

33 048, 80

Total since Jan •. 1 192Q_

251(089r-23

TOTAL EXTEKDITOHES 33,048 60 251f719c20

2 8


TREASURY SAYINGS CERTIFI OATES

Maturity Value

Sold for Cash # 181,100o00

leaned in exchange for War Savings Certificate Stamps ...

(m n n o m stamps

Sold for Cash 71*361.00

leaned In exchange for Thrift Stamps ______ 79-645„00

TOI«1> 3TA1E3 TOHIW 3T1MP3

Sold for Cash 9-*12.00 9.*12°00

OERTX FIQAT5^QF„IND£ BTSDEESS DEPARTMENT FOR YEAR 1920,

Total anDtmt of Certificates of Indebtedness redeemed $ 248,882,500.00

Eamber of Special 7ar Loan Depositaries in District at end of year 1746

AMOUNT OF SSOUEITIBS PLEDG3D AGAINST VAR LOAN DEPOSITS AS OF END OP EACH MONTH

JanuaryFebruaryMarchAprilMayJtoneJulyAugustSeptemberOctoberNovemberDeoeidber

t 24,726,666,0018.883.468.00 9,580,863*00

14.427.765.0011.650.200.009.886.150.006.985.300.006.742.800.008.677.400.00 8,423,000.008.053.100.00

11.256.050.00


oCO

United Statoa Cartifioatoa of IndobtaAnasa

liw ri tortm \ toM *sJ9M .

Dataof1SSU9

Allot taent 25M & Lass

HO*OfSubs

Allot taont 25il to 50)i

ft

Ho*Of

Sub?*

AllOttaont SOU to

100M

10.Of

Subs*

Allot tasnt 10011 to

250H

VO*Of

8aba*

Allottaont 250X to

500)1

VO*Of

Suba*

Allottzaant 50081 to a Million & ©▼or___

VO*of

Subs*

Totaleaohiasuo

TotalSaba*•aohliana

1-2 TD 4,094,000 458 470,000 15 1,550,000 29 2,154,500 18 700,500 3 6,546,000 7 15,515,000 5302-2 4,149,000 468 984,500 30 1,754,000 31 2,082,000 17 8,969,500 5463-15 m 1,347,000 186 235,000 7 484,500 9 941,000 8 250,000 1 3,257,500 2114-1 B 2,902,500 350 597,500 18 775,000 15 1,000,000 '9 490,000 1 500,000 1 6,265,000 3944-15 J? 1,645,000 202 195,000 6 250,000 5 1,064,500 9 305,000 1 500,000 1 3,979,500 2244-15 G 1,457,500 247 35,000 1 412,500 7 508,500 5 • 2,413,500 2605-17 H 786,000 138 355,000 7 200,000 2 1,341,000 1476-15 TJ 745,500 156 93,000 3 150,000 3 1,290,000 8 2,278,500 1706-15 A 532,500 70 92,000 3 260,000 5 830,000 6 500,000 1 2,214,500 857-15 B 461,500 96 60,000 2 100,000 2 100,000 1 721,500 1017-15 TK2 332,500 92 400,000 2 300,000 1 1,032,500 958-16 C 1,166,500 333 47,000 1 150,000 3 729,500 5 2,093,000 3429-15 TU3 335,500 52 70,000 2 404,000 6 805,000 6 250,000 1 1,864,500 679-15 TS 916,500 260 295,500 8 53,500 1 801,000 6 1,100,000 4 820,000 1 3,986,500 28010-15TH4 565,000 156 145,000 4 275,000 4 565,000 5 500,000„ 1 2,050,000 17011-15 695,000 146 33,000 1 455,000 9 1,056,500 10 1,126,000 4 1,509,500 3 4,875,000 17332-15 TJ2 448,500 58 100,500 3 326,000 6 200,000 2 1,020,000 3 505,000 1 2,600,000 7312-16 1,096,500 300 316,500 8 378,000 6 953,000 7 1,300,000 4 2,581,000 3 6,625,000 328

Totals 23,676,500 3,769,500. 8,132,500 15,700,500 7,341,500 13,461,500

Totals 3,766 112 148 126 24 17

Total Allottaent all Groups . . ..................................................................................................... .................. * * 72,082,000

Total Subscription all Groups ................... ... . ................... ................................................. .................. . « « • • • • • * * • * *4,196


AUDITOR* S BE PORT

FEDERAL MSFRW BiM OF MINKEAPOLIS

FOR THE YEAR 1920


January 10, 19210

to the Directors of

federal Bosom Book of Minneapolis,

Gentlemen*»

I submit herewith the Auditor's Annual Beport for

the year ending Deooeiber 310 1920o Monthly audits have been

made at far as possible daring the year of the various depart

ments of the Baako Continuous audits having been kept on

severel olasses of morko particularly the oash and securities

in the Beaerve Taultc Semi-monthly audits on indiscriminate

dates have been Maintained on the cash in the various tellers

handSo

She audits for the month of fieoeoiber which have

been performedc as per Beport of Proofs end Verifications here*

vitho disclose that the routine voxk of the bank is running

smoothly with nothing of sa Irregular nature to report* All dis-

er^pnoies found during the month hare been either traced and

adjusted or are in the course of being traoed sad adjusted#

Admittance to the Beserve Tault sty still only be

had whoa aa Offioer of the Bank aad the Auditor or his represents*

tive are presents the Offioer holding the key to the grill gate

and the Auditor or his representative the ooribinatioao

M b *


HOMILY 1T.FORT OF PROOFS A3SD VE31?IdS.'i‘I0ir; m W ATJDIT aSSATOFET OF ®HB FS2ISHAL ISSKnv? m m OP HIHHBAPQI.I3 PGR WE MO’TTK OF DBOEHEH 1920

Date of_Ecoof this aontlL Preceding Pro

L0AK3 Am nm sm m sBills Discounted - Members Dec , 4 Hov* 22Member bank collateral notes w 4 * 22Acceptances " 4 " 22Banlcs Investuents " 4 « 30Premium or Discount Tied* Securities Dally DallyAccrued interest U*S* Securities It *t

CASHReserve Cash Continuous ContinuousPaying teller4 s cash Dec® 4 & Z* HoraO & 17Receiving teller s cash • 4 & 23 19 10 & 17Money teller7 s cash 19 4 * 21 » 10 & 17Rote teller9 s department Hone HoneGold Redemption Fund Weekly Weekly

5RAHSI* Ami OOIMOTtOmExchanges for clearing house Deco 17 Hov* 26Checks and other cash items Daily DallyBold over nail and Items Hone Hone

Due from Foreign Accounts Hone HoneDue from member and non~a»mber banks Defer 29 Hov« 30Due from or to branches Hone HoneDue from Federal He serve Ban cs (Deferred) Dally Daily

jz&imkAsaamsLLedger Dec* 1? ?rov« 26Stock Certificates Continuous Continuous

m sssmDae to Foreign Accouu t3 Hone HoneDus to Msiriber banke . Reserve DSC* 10 Hov«10Due to Member banks 0 Deferred Deo* 28 Hor*27HOo of a/o of msmber banks not reconciled during Hoo 10 aAccounts with F*R* Bank reconciled DeCe 15 Semi-monthlyQovernmsnt deposits Dally Daily

a s s w m L M s mCashier9 s and He turn Item Checks i« •t

Exchange - transfer and other drafts it it

Difference Account it ♦t

Expeases - Current Continuous Continuous" - Liberty Loan Continuous Conti mous

Postage - Purchased 19

" - On Hand Deo* 24 Hov. 30" - Used 19 24 19 30" - Internal Revanue Staqps Hone Hone

Warnings •> Bills discounted Daily Daily" - Acceptances It n

" c. Bank0 8 Investments ft n

" - transfers bought sad sold ft •t

Penalties on deficient reserves It it

Unearned Interest on Baak’s investments Hone Hone" discount «* Bills discounted Dally Daily" discount * Acceptances Deo«31 Hov»29

Incoming currency shipments Dally DailyOutgoing currency shipments «t n

m m &SiContinuousFederal Reserve Kotes Continuous*

Gold aad lawful money held it

Custodies for other Reserve Batiks or agents Hone Hone(m m rnm >

Items held or in course of collection Dec*29 Hov.4Securities held for member banks Safekeeping

Collateral Cage Deo* 4 Hov«29Reserve Vault Continuous Continuous

Securities held for other FvR.« Banks Deo* 4 !ft>v«22Branch Audits T*y Auditor of Bank Hone Hone

.31Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

mom nx MkvKS o* iHOOFa Am v^mcasio*s by «kk aiî'x »®?AMTU£imOF SES FdDSBAi B M m * bJdii£ OF KIKKSArOLIS FOB 0512 HOME OF DBC&I&BR 1920

Bate offroof this month_______fttOMtttaK f Wtf

Beeeived account sale of Beads• a/s " Cert, of Indent." " 11 War Savings Stands

Receipts deposited with Treasurer, UoS Items held in suspense Unpaid balances

^ffM H lP W * * 19Bus from depositary banks Interest on bank balances Collateral held as security

Collateral Cage Beserve Vault By Custodians

Verification sent to depositary banksQ m m m si'M m iQ K .

Depositary balance Interest on balances Collateral held as security

Collateral Cage Beserve Vault By Custodians

Beserve Banks on temporary certificates Verif ioation sent to. depositary banks

Collateral held as security Collateral Cage Beserve Vault By Custodians OOWfflSIOg MTIBIQB

8MoritlM MMlvad tor oonrarslon » oa

Conversion securities del'd to Subscribers " ” returned to Washington

m m v m ' M m m .Bonds received from Washington Bonds delivered to Subscribers Bonds oa handBonds returned to Washington

of Indebtedness reo9d from Washington"* delivered to Subscribers" on Band" Be turned to Washington

received fron Washington* oa Consignment » Sold" on Band" returned to Washington* received frco Post Offices* destroyed

Interim Certificates received from Washington " ” delivered to Subscribers« * on Band* " returned to Washington

Return signed receipts checked for Bonds* • • " " Certo of Indebto » " ■ m m Stamps

B&ehangs Bonds received from Washington " * * H Subscribers " * returned to Washington* • On Hand

BoneDailyDaily

M

BoneBone

CertoM

DeCc 4 Continuous Deoo 4 DeCo 4

Dec* 31 Dec* 31

Deoo 4 Continuous Bone Daily Deoo 4

Deo. 4ContinuousBone

Dec. 13N

DallyM

Continuous Daily Dec. 13 DailyQ ontinuousDailyDec. 13DailyContinuousDeo. 4DailyDec. 13DailyContinuousDeco 27BoneBoneBoneBoneBally

Continuous Bee. 18 Bally Bee. 13

BoneDailyDaily

m

BoneBone

Bone»

BOVo 29 Continuous Septo 8Sept. 8

Hovo 10Bov. 30

Bov. 29 Continuous Bone Daily Sept. 8

Bov. 29ContinuousBone

NOV. U m

Dailyw

ContinuousDailyBov# UDailyContinuousDailyBov. 15DailyContinuousOct. 15DailyBov. 8DallyContinuousBov* 27BoneBoneBoneBoneDally

Continuous Bov. 11 Daily Bov. U


IHVESBE1TT OIERAHOITS TXJHIHG SHE ISDETH OF DECEMBER 1920

REPORTED BY TEE FEDERAL RESERVE BAKK OF IttHHSAPOLIS

1* Bills disc aerated for meniber banka $ 96,299,946*16

2* Discounted paper acquired from other Federal Reserve Bks*

So Bills bought in open market:(a) From banks & dealer# in own district 670,158o89(b) * * »• other districts(o) For our a/c by other Federal Reso Banks 670,156o89

4* Open market paper acquired from other Federal .Reserve Banks

5* Bill of Lading !)rafts 56,486.26

6* Uo S* Bonds bought

7. If* S. Bonds talsn under repurchase agreements

8* TJ* S* Certificates of Indebtedness bo&git 4,049,000*00

9* Uo So Oerto of Indebtedness taken under repurchase agreements

fetal discounts and open market purchases................... ... • 101,075,591*51

10* 0. Sn Bonds sold or redeemed

11* tr* So Certificates of Indebtedness sold or redeemed 4^050-500*00

TOTAL tr> So Securities sold or redeewd * » « * « « • * • * 4,050,500*00

12o Acceptances bought for the aooount of other Fo Ro Banks

Jtambsr of member banka in district at end of month ................ 1,009

itamber of member banka accomodated through the disooontof paper during month o o « * * « * * * * * * * » * « « u 664


AVEHA3E AMO0HT W EACH CLASS OT EABHIK3 ASSES BELD ST IBB FEDERAL RESERVE, BASK OP XmSEAFQLI30 EARHIBGS AK> BASS OT EABNIKOS (LESS 00HXISSI0H3) JHEBEOH FflR JHE MOKTH OIF

DECEMBER 1920

Average daring Earnings for Month Pate

Bills disoooated for 1Mbers & f* H. Banks 82.807*000, 469,129o53 6o6704

BilltBOttght 1,,363,000. 70043o93 .oc0655

united States Securities 8,727,000c 140878v57 2(>0074

H M l . . . , ................................ , . . 98,697,000. 491,058.08 6.2238


eakbthfgs of am frdpral b*s~bve um of ioiweaiolis

FOR THE MONTH OF DECEMBER 1920

Total for - JteflL..-

Total HaotJ f l l .U M ,

3aa» Bsriod

1*1*

Bills diaooantad:Member and Faderal Haaarva Banks

Mils bpaght in opsn aarkat & F.R.Banksa

Uhitad Statas aaeoritiaa

Transfsri - liat Earnings

Dafioiant raaarra panaltias

Uisaallanaoas

$ 469,129.53

7o043»93

14,678*57

50158«00

19,160.79

379.68

1,776,006.41

54,114*96

67,358.24

46,722.26

66,986.47

22,016.10

1,070,126*60

446,447.64

91,894*86

26,629.73

14,565.47

1,518*06

SOSUt SABKHQ3..................................... * 515,750.70 5,055,206.44 1,655,179.35


OTBKEH* HOSKSES OP THE IEDSRAI. H23ERVE BAEK OP MlENFJU’OtlS Pffit THE MOOTB Off BPftTMKa 1980___

Total for Total alne. Saa» Period MWtt______Jnly 1.1920 1919

j!SEH3E3 Or (WE1AW0M3

Asseso d/p Expenses FoB. Board (IfiOc proportion) 965.45 5,912c75 9,382c30Federal Advisory Council (Foes & Graveling Expo) • 478.17 447*23Governors- conferences (inol:. traveling expo) • 311.42 •Federal Beserve Agents* conferences ( w " ) e» 27.11 340.84Salaries: Bank Officers lit690*46 48,882*25 29,678*40

Clerical Staff 73,136*89 218,248.86 119,005*30Special officers & ffatcfcmen 2,202.93 3,931.80 5*270*18All others Extra Help 781 87

Overtime 3794^42Supper Money 4,700.79 16,510*22 2,284.20

Life insurance premiums (employees9 group ins.) 464.27 2,567.21 •Directors fees 380.00 1,880.00 1,950.00

Per diem allowance 70.00 380.00 440.00Traveling expenses 528.07 1^325*60 889.69

Officers0 & Clerks9 traveling expenses 1,844.70 8,417.90 3,655*71Legal fees 250.00 1,725.00 l,500o00Bent 2,504.05 12,630.86 7,661.48Sax*s and fire Insurance 30*90 1,098.65 71.64Telephone 306.55 1,394.20 1,244.21Telegraph 2,395.58 9,726.43 1,628.21Postage 8,027.00 41,374.90 17,167.80rxpressage 1,542.88 5,511.75 369.93Insurance and premiums on fidelity bonds 3,300.03 8,964.18 5,01186Printing and stationery 7,831.37 38,777.87 14,641.82Repairs and alterations 4,796.94 20,056.08 3,341.17Cuirency shipments to and from member and non-

member banks & between FoBo Banks and branches lo042.14 6,760.51 4,661*09Currency shipments (other than F BoBfc; notes) to

& from Washington or sub-treasury 182.21 2,558.98 -All other ea$enses, n„s„ including exchgo paid 1,982.61 9,458.66 5,251.37Abrasion on Gold Coin - 366.04 1,549.16

TOTAL 2XTCNSES OF OIEIUTIOW < ............. ... 129,945.84 464,302.40 237,443*59

Federal Beserve currency (origo oost & ship* ohgs.) Miscellaneous charges a/c Federal Beserve Currency Taxes on Federal Beserve bank note circulation Furniture and equipment

42,372*81130316.953,882.81

14,421.89

46,600.9014,326.7222,865.0260,811.10

21,475*848,101.52

14,272.2017,184.04

TOTAL CURBBHT EXKKSSS 208,869.80 627,906*14 . 298,477.19

Transit Department expense included in above ' 110,079.69 240,642 21 69,602*25


DATS

LI BB3BRVB a m OF UHOfEAPOIIS

HBPOBT OF M E TRAH3I T U g A Ig M g t JO B OBOBiaBB 1980

CtMBTBfta iminnn * arm-maram nwnra Mffleaw mwtg fflASJBaJBtJSffllNCO

dimm 10 nwnm b m »mm m m m ilKS., si m m w m

1?20 iiOTfllf iMBUfcl Ms. MO. Amount Abss&i

Deoeaber 1 10761 7,329*818*37 67523 5,121,802*48 4330 1,510,704*20 960 38,351*74 9569 765,114*22* 2 10418 5,457,717*22 65217 4,872,056*56 3911 1,359,242*72 1260 41,308*40 3440 671,051.64tt 3 11466 6,416,759*96 66253 4,839,922*49 3979 1,433,694*78 1540 55,407.65 3129 899,599.41It 4 10040 5,253,594*65 61341 4,330,754*95 3950 2,017,492*75 1385 88,175.24 3774 806,843.78n 6 16108 6,111,019 *23 77280 5,389,662*55 4368 1,628,780.55 1540 68,632.84 4397 962,251.69it 7 8987 5,099,923*47 63287 4,392,508*34 4583 1,326,034*28 1890 88,861*54 3720 671,041.85M 6 9685 6,455,875*38 69909 4,882,691*01 4092 1,086,593*57 1683 191,969*60 9957 680,956.54» 9 11846 5,185,214*73 72512 4,759,110*04 3972 1,756,222*23 1673 194,983*97 9945 838,962.97It 10 10734 5,997,347*56 73154 4,539,751*20 3756 752,261.94 1643 48,889.29 9697 990,942.92« 11 9736 5,732,821*75 64550 4,662,011*29 4071 1,486,261.96 1335 970,741.92 9461 747,154.92It 13 14629 6,448,713*11 88618 5,909,788*50 4087 1,177,484*95 987 64,292*69 4215 892,599.62•» 14 10513 5,054,215*49 61547 4,338,518*65 4763 1,870,901*99 1334 923,199*02 9906 727,788*05*t 15 9328 5,900,032*93 67348 4,578,668*59 4238 954,956*41 979 99,596*41 9475 666,586*99«t 16 15321 8,702,870*93 79935 5,418,520*29 4294 1,646,114*84 1054 427,532*92 3399 690,977.96It 17 9631 6,810,940*55 61063 4,891,577*58 4309 1,490,505*28 1818 153,586*01 3574 779,999*89It 18 10131 7,003,986*72 61568 4,060,582*77 4598 1,758,803*91 9076 95,514*31 508,762*66•t 20 18972 7,190,072*75 84287 5,514,320*91 4084 1,242,323*97 9492 423,744*90 4209 926,979*79It 21 9250 4,952,850*15 57785 3,456,633*28 4944 1,376,906*61 4944 1,378,906*61 3461 792,641*67«t 22 10513 3,854,216*18 63520 4,289,899*08 4164 1,116,090*19 4068 75,325*46 3530 689,118*14« 23 9612 5,007,480*88 63049 3,544,150*62 4005 725,469*25 2285 70,750*72 3527 705,895*80W 24 10068 6,498,874*67 59812 3,478,876*07 4171 1,159,898*50 2179 48,439*90 3162 562,079.59It 27 19151 7,589,462*50 79939 5,284,114*44 4427 1,245,860*83 1615 46,610.49 5406 1,070,094.74It 28 8910 3,827,473*67 58554 3,563,331*80 5482 1,015,462*34 2436 125,112*33 3498 596,087.52tt 29 8826 5,241,472*86 56894 3,665,198*15 4546 1,123,117.68 1473 180,329*15 3806 659,505.69tt 30 10881 4,524,946*64 64380 3,887,386*50 4168 1,365,635*86 864 82,986*37 4261 694,550*96tt 31 11382 5.855.376*99 63256 4.204.490*62 4653 894.439*35. _ m 410.647*68 4175 751.U01.50

295899 153,503,079*34 1752581 117,876,328*76 111845 34,527*240*54 48425 5,133,892*10 ♦97277 *19,618,491*93Average

iiaao.■iv. ont • f «ia« 4 _____ .............Rlfl-77. ...............M .9S. aAaaaaaa *308a jL a aAverage number of remittance letters sent out daily* 9319*Grand total of items • •Grand total of amounts

*ngure* not included in grand total* of ltoaa and aaotmt*.


FJSDtgBAX* BjBStiSHVB BASK O f

TWIX CIS! fltJtAHfimftW 4**P w WVMBMBMVWVW

THROUGH

FEDERAL RB3£R?£ BAM

1920 Afr™*

I*c*mb#r 1 9 12,058,099*89• 2 10,506,509*82• 3 11,338,467.09,• 4 9,841,622,26• 6 10,910,524*31• 7 9,569,105*70• 8 11,274,262*12■ 9 9,869,593*67• 10 10,485,845*81• 11 10,569,579*69• 13 11,174,475*63* 14 10,248,510*51• 16 9,958,222*05• 16 14,317,494*78• 17 11,444,808*80• 18 11,727,002*55• 20 ll,953f542*51• a 9,190,664*53■ 22 7,507,349*64” 23 8,593,380*38« 24 8,627,575*47■ 27 12,234*269*29• 28 7,938,336*80• 29 9,234,280*95• 30 8,366,345*01• 31 ____f t im t M M g .

t 268,813,894*79


CUHHEUT BXEB88E3 OP THE FEDERAL HE SERVE AGSHT

DECEMBER 1920______

forDl .

Total since jBB3L3LjLsJi2SfiL

Salaries: Bank Officers t 40402*09Clerical staff *,£08*34All other * Extra help 44*37

Life insurance premiums (emp. groupinsn) 31*07

Officer8* & Clerks9 traveling expenses 446*96

Bent 150*00

Telephone 11*35

Telegraph 27*94

Postage 217*00

Expressage

Insurance ana premiums on fidelity bends 29*64

'Drinting and stationery 224*40

Repairs and alterations 1*75

111 other expenses 9 n s0 164*60

TOTAL ^XfEBSES Of OPTRATIOF.............................# 9,256*71

Furniture and equipment -

TOTAL CURRENT EXPENSES * . * .................... * . * 9*286*71

I 85*700*06 18*980*48

348*18

322*13

70204*31

lp800*00

120*35

1218.21

10871.82

5*14

220*22

5,260*47

139*50

$ 75,051*20

...-,U7gfaM.

76,816.04


SSQBBltM S I B S I S O0ULAXSBAI* 90 QOiSBHORT DEPOSITS, D I800U IT8 , H B SAYIVQS AXD ftAygf— P T II B ALABO ttAS i f

lUWnMBVB 4 1 AAAMwBPwK 4| 1920

total N«tflti«i ia I m m Yanit (p«r oaid) 27,671,860*

fotal Oortifloatod of ladsfetoflaoss (latorin Boooipts} Hold tp Oollatoral custodian 4,329,000©

fotal Ooansroial Sapor bold by collateral custodian 2*766*000*

fotal Stop (M m M i by collateral custodian 1,660.

fotal frost Boooipta bold by oollatoral custodian for securities bold ^ otbor banks 1,676.160.

ftnbaqgo Boooipta bold by oollatoral sustodain for vailMi banka 177*800*

Counter Itcas ------- M r i f t h —

Voait m Ooasigamt 109*600*A - 1 2,428*700*U S 6*284*400*Discounts 25*262*980*Safekeeping 3*461*010*Vo S* So

56*626*260*Brad for Citizens Setlonal Bank* Albert L oa,Xtsmo, not on books ontorod since tbla dato

36*626*360*


FEDERAL RESERVE BANK OP MIHHEAPOLIS

S9&TEHEBT OF ACCSmBOES HELD AT CLOSE OF B0SIHK3S DECEMBER 31, 1920

J ^ o l A jU&e s u

Ifew York

Aneriean Foreign Banking Oorp Bank of New York Chase Natl Bank Royal Bank of Canada Bankers Trust Coqpany Guaranty Trust Coapany

Minneapolis & Sto Baal

First Natl Bank Northwestern ITatl Bank Merchants Natl Bankr StPaul

Chicago

Illinois Trust 6 Sar0 Bank Merchants Loan & Trust Co*

lliseellaneous

Stockmens Bail Bk0 Ft Benton, Monto Montana Natl Bk, Havre, Mont.Farmers Natl Bk9 Chinook, i?ont«Lirestook Natl 3k, Hettinger, ro.Dakc First national Bank*, LennK>n0 So.Dako First National Bank, Chinook, Tiont. City Natl Bk0 Duluth, I'inn0

Liable m jMtPtar.

50,126o39 25o000o00

150*000*00 150,000*0050.000. 0050.000.00

300 000o00

50,000«00

io o ,o o o ;o o150,000.00

183,050.0011.500.0011.500.00 6,132*50

10,022*5016,000.00

lc3130331.39

Amountnot endorsed

Total amount liable as endorsed on aooeptanoes of other banks andJam s*

550,126 39199,050.00500,000.00

11.500.0011.500.00 10,022*506,132.50

25.000000

ly313,331o39

4 1Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

BALANCES 2XJK FROM OfflBR i£D£RAL RESERVE BANKS AS AS CLOSE 09

BUSINESS DBCi&SER 31, 1920 and SBCi&BKB 31, 1919

federal Reserve Due from Due FTomDec. 31. M Dec. 31. 1919

Boston 103,890,50 137,839.06few York 1,103,206.35 2,800,712.99Philadelphia 4,671.62 (Cr) 292,174.59Cleveland 125,735.31 61,717.15Richmond 38,129.99 10,418.39Baltimore (Br of Richmond) 13,469.46 6,421.56Atlanta 37,254.31 6,033.40Hew Orleans (Br of Atlanta) 47,568.65 2,92£,59Chicago 3,602,983*68 8,004,020,66Detroit (Br of Chicago) 30,062.9% (Cr) Opened Feb, 2 , 1920St. Louis 48,476.72 (Cr) 99,195.37Little Rock (Br of St. Louis) 5,350.55 16,415.50Louisyille ( * n ) 3,120,44 3,864.72Karphis { n n ) 11,320.15 1,457.59Kansas City 173,935,51 362,621.55Denver (Br of Kansas City) 50,390,55 57,978.45Omaha ( " w ) 245,300,89 368,320.05Dallas 98,258.24 106,503.00£1 Paso (Br of Dallas) 4,974,97 13,215.38Houston { " " ) 32,483,81 23,841.77San Francisco 114,760.70 177,847*50Seattle (Br of San Fran«) 225,275,62 174,376.90Spokam ( " " ) 57,663,44 88,609.13*ortlan4( * * 9 17,467,92 51,809,79Salt Lake City (Br of San Fran«) 57,375,27 64,501,26Los Angeles ( " w ) 98,174,84 Opened Jan, 2, 1920

T o m .................................................... .# 6,164,877,87 4 12,933,020,35

Detailed statements of all balances duo from other Federal Reserve Banks as of December 31, 1920, have been co. piled for the purpose of determining whether or not the outstanding items have been paid for in the Sold Settlement Stand of the Bank*

She oreuit balances shown against the federal Reserve Banks of Philadelphia, Detroit and St. Louis* tinder date of December 31, 1920, were oaused by those offices transferring for otar credit throng! the Gold Settlement Fund on that date, amounts in parent of our various collection items, fheir advice of payment coveting the same had not reached us in time to make offsetting entries prior to January 1, 1920,


BILLS BlSCCttMBP vmwas_______(Verified as of December 4, 1920)

Member Bank Collateral Loans .$14,650,445o 64** * Rediscounts on hand *56,910,261*86" " « sent for collection 9.723.709*42 66-633-971.30

Total........................................................................................................ 81,284,416® 94

____ im _____________ 1212____

Daily average amount of Redisoounts from members - Held 76,081,842o00 41,^t9.57f Average rate on Rediscounts from Members 60223$ 4-378#

____________ m s m s m _______________(Verified as of December 4, 1920)

Acceptances on hand f 1,483,172^50Acceptances out for Collection A * 0 &1-463-172.S0

total * * * * * .........................................................................................£1,483,172o50

— 1222____________ 1212_____

Daily average amount of acceptances held 3,647,984o00 20,729,936*00Average rate earned after paying commission 5*259# 4*275$

UNITED STATES BONDS ABD SECURITIES OB HAND ABD HELD IH WASHINGTON AT CLOSE OP BUSINESS DECEMBER 31,1920

2% Registered Panama Canal Loan Bonds 1906*1936-1936 260*003$ • » it „ n 1911-1961 500*0034 Coupon U* S* Conversion " 1916-1946 3,200*003% " " 1917-1947 111,600.00 2% U* S* Treasury Certifioates (maturing various dates within one year)

to secure federal Reserve Bank note circulation 8,460,000*00Post dated Liberty Loan coupons carried at the nominal valuation of 1*00

TOTAL .............................................. *****......... *............................ . 8,595,561*00

Daily average amount of United States Securities held 9,611^8.00 6,688,1^ ! Average rat* earned 2.016$ ZA7Z%


3CKD jmBARTLSM QBI&k2iCim- 19::C

.laO’CRARX « PEmiliSIS 2EAIIi>ACiriC;:So

No,of pieces Received Amount

No.of pieces Delivered Amount

First Liberty Loan Second " " Third " M fourth " "

20,558 4 141,132 664,400 32,969

4,266,550*35,390,850.63,898,850*5,138,160.

17,411 4 113,132 533,627

None

4,260,700*35,955,000*83,856,050*

None

CONVERSION TRANSACTIONS

No*of pieces Received

Amount Nooof pieces Delivered

Amount

First Liberty Loan Seoond w " Victory " "

29,403 f 2,845,250. 240,495 23,064,950*

984 543,050*

26,549 f 2,839,200* 206,116 22,998,100*

501 543,050*

SXCHAKOE 2RA1ISACTI0KS

Oottnon for BMtUtwfft

Nooof Bonds Received

Registered for Oouvon

No.of Bonds *«>»»* B«eelTed Amount

First Liberty Loan Seoond * " fhird " • Fourth • • Victory • •

5002,598

10,7968,6633,826

♦ 124,480. 890,880.

1,624,680. 1,880,080.

497,780.

220437

2,3393,9872,647

I 314,850* 382,450* 464,200* 886,450* 536,900*

TWmERfiHAMlR «AHSAO*IrtllS-

mniPflRAiwr JSBKASHtiC

First Liberty Loan 8eoond " • fhird " • Fourth » • Viotory * *

1 193,7001.986.6003.158.600

15,119,000Ions

f 856,150 2,704,050 4,580,850

font13,652,100

T lO M B T t.t b t o t t i/ r n t .

tooft Sfltt f f ik t t a , m atata* i» i9 p*ia 1920#187,600,000. #172,286,780. # 170,076,680. # 170,051,945 # 24,706.


J&enanfter 51»192D a if 1919 Bala te la total B I t . D I t . Paid Biv. Baid fotal BIt.fie. of ttotie H id Jo. of Btotic Bold Bo. of Stott Bald to froa 1/1/20 from 7/l/ft> H id to

State Baaka Baaka Buka Bold 12/51/1919 to 6/50/20 to 12/5l/*> 12/51/1920Bor yr. for yr.

BiohlgtB 46 189,680. 41 172,100. 6 17,560. 41,986.18 5*578.50 6,669.50 65,205.18

Xlaneeota 566 1,917*500. 555 1,757,750. 55 179,750. 442,685.76 65,980.50 $7,528.00 564,189.26

Boataaa 200 542,500. 166 458*450. 54 104,050. 95,792.16 14,992.50 16,277,78 125,062.46

Borth Dakota 187 517,900. 177 294,800. 10 25,100. 77,116.81 9,594.50 9,557.00 96,046.51

South Dakota 152 527,560. 144 281.950. 8 45,600. 67,028.22 9,549.50 9,826.50 86,204.22

Vlaooasia 56 166,750. 52 148,900. 4 16,850. 49,541.25 4,761.00 4,972.50 59*274.75

fOSAL . . . 1009 5,460,850. 915 5,075,960. 94 586,900. 772,097.40 96,066.60 105,826.26 975,982.16

BiYldeada reeovered froa Badber Baak* la laUm t Aoonwd oa Capital 8took Account for tha year aaouated to.............. .. . # 5*768.67

BiYldeada paid oat to Beaber Baaka oa aoooaat of 8 took eorreadered duriag tha year aao«ated to............• 569.56

the total paid la Capital 8took of the Baak at oloae of baaiaeaa Beoerter 51,1920 aaa #5,480,850.00 held by 1009 a took-

holdero agalaat #5,075,950.00 held by 916 atoekholdera at oloae of buaiaeaa Beoao&er 51, 1919, aaklag a aet gala for the year

1920 of #586,900o by 94 baaka.

there were 10 banka who reduced their Capital 8took to the aaobat of #16,000.

4 SDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

n m r average je*beb bask balances bt motohs.

l i & L z - W S .

jMm r|FebruarylurdhApril

' UMl

122L

52,344 X52,01857*27158,69548,83848,508

1919« 1920 1919

48,257 X July 47,789 X 55,424 X48,114 ingast 45,628 50,80549,576 Sept* 45,782 53,00548,898 October 44,115 53,19348,681 Berember 44,122 52,44351,187 December 45,058 51,619

Bally Its rag® Balance 8 far year 1920* • »■ * » 19X9• " " (Dn t m n I

40,«6O ■ B0.94B » 2,265

illaftiigpniPUBWSSS

WOOER BOX HESERVB B4LAHCES BT SfMEES CLOSE OF BUSINESS

m m ■■ff.im

i m2,882 X

28,732 M 4,853

1919M>9 M

36,544 X 8,018

Bert& Balneta South Daketa Haoonsin

Balance As shewn by General Ledger

W SL5,434 X 3,690jU lM .....

JL2jL&4,439 X5,812JUUL

Decrease Member Bank Reserve balances as ef Bsco31, 1920 as compared with Beoember 31, 1919 ••••••••••••••« ••••« .# 15,762 X

B11LT AVERAGE BALOCES BOB TREASURER OP V.3* BT XQBfBS,

i m .! !1*1?

1920 1919 1920

January 852 X 5,540 X Jtoly 461 X 4,859 XFebruary 1,195 6,354 ingast 1,026 2,833March 1,064 9,515 September 1,70* 1,152April 820 2,534 Ooteber 1,018 2,268May 1,045 5,328 Hereafter 1,221 2,581Jtene 747 3,338 Beoember 1#672 2,319

Bally arerage balances far year 1920 # 1,068 X• - • 1919

9 9 9 (decrease) | 2»984»M


aoxni? o? h*: incom es m B tcm q* j>ir/ .ra u-t 32 „ i*\%

Kane of Town

Ada Adams Adrian Albert Lea

*

AldenAlexandria

«

AmboyArgyleAtwaterAustinAvooaBalatonBarnesville

m

Baudette Beaver Greek Belle Plain© Benson

BeardsleyBiwabikBlaokduokBine BarthBlooming PrairieBrahamBrandonBrewsterBreokenridge

NBrioelyn M ridge Campbell Canby Carlton Ceylon Clarkfield Clearbrook Clinton Clinton Oloquet Cold Springs Cottonwood Crookston Beer Creek Beer River Detroit

wDodge Center

mDuluth

»

DonnellBast Grand ForksElbow LakeEllsworthBlkBiverElmoreBosonsErskineEvelethFairmontFairmont

.ND AMOUNT DURING THE MONTH*Amount

llame of liiranssogA. held endBqn*

Amount held end

of November of Deoember

Ada Uational First National

Citisen3 National First National

n

FSarmers National First National

* n w

Austin National First National

Farmers National First National

Swift County First National

Farmers National First National

Breokenridge National First National

w w m

National Citisens First National

»

Clarkfield State First National Clinton State

First National*MIf

Merchants National First National

Merchants National Farmers National First National City National Northern National First National

»

nn

Miners National Citisens National Fairmont National

29,750*3945,201*6481.165.67

142,500.00 £58,529.1127,676.61

1£8,416.17223,931.7560.406.67 14,601*99 10,550*00

*0017,748*0435,519*312,295*00

*006,910*95

63,594*67*00

62,964*2475.000.00 25,258*9015.000.00

5,000*00*00

20,000*0038,734*0010.000.0026,129.16

.00

.0047,301.3030,000.00

.0011,549.0720,000.009,117*78

19,100.985,387.85

29,209.9422.908.00

•0016.500.0028,136.93

104.026.671,453.00

50,000.0031,929.2736,094.6448,083.054,414.19

59,248.49

25.000.0021.000.00 14,192.72 57,553^2720,000.0085,000.0061,624.6659,536.45

27.205.3955,201.6482,599.41

135,000.00272,251.2153.069.88

141,837.27 282,773.1>84,673.505,102.22

18,045*60.00.00

45,976.902.500.003,249.32

23,067.1259,230.365,793.69

72,963*72105,000*0029,314.6815,000.00

.0014,760.4310,000.0028.887.88 15,651.80 22,405*2929,083.6615,000.0040,674.1733,522.453,219.809,507.56

15,000.0052.627.40 34,028*474,000*00

35,539.1435,881.56

200,000.0013.500.00 30,137*61

100,000*0023,000*0050,000.0063.897.8653,714.3943,708.21

.00175,000.00100,000*0058,096*9635,800*0030,129*369,846*23

a ,000.004,103*55

91*532.7321,755.8985,000*0060,706*4472,722*77


cfJQW&

Amount held end of Noyea&er

Amount Held end

of 3>eoeaber

Fairmont /irst National 75,000.00 S G , O u O . C O

144,451,79Faribault

AftCitizens National 101,833.34Security National 50,QUO.00 5 0 , u 0 0 . 0 0ûlda

FoleyGlenwoodGonviokGoodhue

First nationalM

' W

»

90,255.41 17,922*86 £2,000.00

2 , 5 0 0 . 0 0

85,034.22 53,972.53 22,u00.00

5 , J O O .C 'O

5,000.00Good thunder M 9,62?.?3Graoeville ** 15,000.00 20,000.00Granda 20,504.07 13,141.7CGrand Meadow W 6>,877.16 73,17^.69Hallook n 45,672.15 52,618.97Hanoook *• 5,000.00Hans lea H 59,685.26 55,367.64Hastings *

2 5 , 0 0 0 . 0 0

Hendrioks banners National 5 5 , 9 0 2 . 5 6 5 3 , 9 0 7 . 7 3n Pirat national 5 , 5 0 6 . 4 3 5 , 5 0 8 . 4 3

Herman n1 7 , 6 5 5 . 9 4 1 7 , 0 3 1 . 2 2

Heron Lake n6 1 , 7 3 4 . 9 6 4 2 , 5 7 4 . 4 0

Hills M4 5 , 7 5 3 . 1 9 5 3 , 6 9 9 . 4 1

Holland •ft3 , 5 0 0 . 0 0

Iona n 8 , 8 2 8 . 1 9 2 4 , 8 5 3 . 1 0

Isanti •» 1 2 , 0 0 0 . 0 0 5 , 0 0 0 . 0 0

Iranhoe Partners & Merchants Kat*l 7 8 , 1 3 9 . 0 0 5 3 , 2 2 7 . 6 7

Jaokson Brown national 2 9 , 8 7 9 . 4 7 3 5 , £ 7 8 . 6 8•» First National 6 4 , 1 8 7 . 1 6 9 3 , 2 5 0 . 7 6» Jaolcson National 9 2 , 2 1 6 . 3 0 1 2 0 , 7 2 3 . 7 0

Jasper First National 5 0 , 0 0 0 . 0 0 3 0 , 0 0 0 . 0 0

Joffers* State Bank 3 3 , 3 3 9 . 6 6 3 2 , 3 0 8 . 4 7

Kasson National Bank of Bodge Co. , 2 0 , 0 0 0 . 0 0 2 5 , 0 0 0 . 0 0•» National Farmers 3 9 , 6 6 0 . 4 6 5 5 , 0 3 0 . 7 5

Kilkenney First National 2 , 0 5 3 . 3 3 1 6 , 5 4 6 . 9 2

Kiester w 2 3 , 2 3 8 . 4 9 2 6 , 4 2 8 . 4 4

lalce Benton National Citizens 2 5 , 7 4 5 . 6 3 2 5 , 8 9 7 . 5 0

«» First National 5 5 , 2 2 7 . 1 6 3 0 , 0 0 0 . 0 0

Lalce Crystal Amerioan National 4 7 , 5 6 0 . 0 0 4 7 , 9 6 7 . 9 1

First National 1 5 , 9 1 6 . 4 0 4 2 , 3 4 8 . 9 6

Lakefield w6 6 , 8 1 3 . 2 6 4 9 , 8 3 4 . 6 4

Lake Par* it 1 6 , 4 7 4 . 3 0

Lakeville w2 6 , 7 7 1 . 8 3 2 8 , 0 0 7 . 3 4

Lake Wilson •»6 , 6 4 5 . 1 9 6,01?. 70

Lamberton w 3 1 , 8 2 9 . 7 0 3 1 , 6 1 1 . 9 4

Lancaster •»3 1 , 9 0 2 . 2 9 5 5 , 2 1 8 . 2 5

Lanesboro w 2 3 , 5 1 4 . 8 0 1 9 , 0 3 8 . 8 9

Lewiston Security State 1 3 , 6 6 1 . 3 9 1 9 , 0 8 1 . 0 6

Litohfield First National 2 0 7 , 5 1 8 . 4 9 1 9 5 , 5 6 6 . 0 2

Luverne Farmers National 5 8 , 5 9 6 . 6 2 5 2 , 1 9 0 . 6 5

» First National 2 4 0 , 0 4 8 . 0 5 1 7 5 , 5 7 9 . 0 0

•» National Bank 4 5 , 6 0 7 . 3 1 3 4 , 0 7 0 . 2 5

•» ttoe* County 1 5 , 7 4 0 . 4 9 1 0 , 6 9 4 . 4 0

Little Falls First National 1 3 , 5 9 4 . 1 8

Mo Intosh » 8,000.00 8,000.00Madella 4 6 , 2 1 5 . 4 5 5 6 , 1 7 7 . 9 0

« State Bank 5 7 , 1 0 0 . 6 3 5 7 , 2 4 8 . 0 6

Mankato Pirst National 6 0 6 , 3 0 5 . 8 2 4 5 0 , 2 9 0 . 2 9

m National Bank of Ooameroe 6 8 , 9 2 3 . 7 3 6 8 , 3 8 7 . 5 6

m National Oitlsens Bank 6 7 6 , 6 6 1 . 1 7 6 9 9 , 6 3 9 . 9 0

Marshall First National 7 1 , 0 2 5 . 9 5 5 5 , 2 0 0 . 0 0

w lyon Oo., National 1 1 1 , 3 6 1 . 3 4 9 4 , 4 6 8 . 7 3

Minneapolis Banters National 1 6 4 , 3 0 9 . 5 2 2 3 0 , 0 0 0 . 0 0

» Linooln National 3 9 6 , 2 6 4 . 2 4 3 3 3 , 6 0 0 . 0 0

m First National 2 4 , 2 1 4 , 6 8 2 . 8 6 1 6 , 4 8 2 , 6 3 4 . 7 7

m Metropolitan Rational 884,867.29 994,229.92m Midland National 5 , 6 0 5 , 4 1 6 . 6 6 4 , 8 6 1 , 3 0 1 . 2 7

m Minr»4polis National 5 0 , 0 0 0 . 0 0 8 0 , 0 0 0 . 0 0


• ~ 3 - .

Name c f

Minneapolisn

Misneota Minnesotal Lake Montevideo Moorhead

M

Morris Mo tor daleHow Richland

w

NorthfieldM

OliviaOsakisOwatonna

M

O'rtonville Park Rapids Fins River Pipestone Plainview Prinoeton Bod Lake Falls Rod Wing

»

Redwood Falls Rover*RochesterRnsbmoreRloeRochester St* Clond St* Charles St* Olond St* Janes

St* Paul St* Paul

» w »»MN

St* Peter So* St* Paul

it

Sherbnrn Springfield Spring Talley

*

Starbuok Slayton Spring valley thief River Falls Tracy Ulen Wabasha Wfcdsna Walnut Grove Warren

«

Waseca

Name of

northwestern National St* Anthony Falls Far & March Natl Farmers National r,,irst National

H

Moorhead National Morris National First National ?irst National State Bank -'irst National Northfield National Peoples First National First National

*

National farmers Citizens National *irst National

«•»»

Farmers National First & Sec State Goodhue Co Natl First National State Bank Union National First National Rioe National First National Merchants National First National

»

Citizens National First National American National Oapital National Central Bank First National Merchants National National Exchange Peoples Bank $win Cities National Citizens State Drovers State Exchange' State Stockyards National Sherburn National First National Farmers State First National

First State *irst National

»»• n * •

First State n'irst National Warren National Farmers National

Amount held end of November

& 15,059,394*68

od,820*35 14,000*.00 91,962*89

300 ,383*06171.600.0011,488*65

2,000*002 7 , 5 5 7 * 1 8

4 4 , 3 2 4 * 6 9

* 5 , 2 8 0 * 0 0

180,616*487 3 , 4 3 1 * 4 4

18,000.001 7 4 / 4 2 9 * 7 9

292,507*6710,000.002 5 , 0 0 0 * 0 0

5 , 7 0 8 * 1 2

1 1 1 , 7 3 9 * 5 3

5 7 , 7 3 4 * 6 5

4 7 . 0 0 0 . 0 0

2 4 , 1 9 9 * 9 9

2 8 . 0 0 0 . 0 0

10,000.00 8 2 , 3 4 7 * 4 6

5 9 , 8 9 4 * 2 9

5 2 , 0 3 7 * 2 8

5 2 , 6 0 1 * 9 9

6 , 4 0 0 * 0 0

1 8 2 , 1 3 9 o .62

5 5 , 5 0 2 * 1 4

3 6 7 , 3 8 9 * 0 4

9 7 , 8 0 8 * 0 7

1 7 , 9 4 2 * 7 7

1 , 2 8 2 , 4 0 0 * 0 0

2 , 7 5 5 , 5 9 6 * 1 5

2 7 5 , 1 6 0 * 0 0

6 , 5 5 5 , 1 7 0 * 0 5

6 , 8 8 6 , 3 2 7 * 5 0

3 6 9 , 5 0 0 * 0 0

4 . 3 6 , 6 0 0 * 0 0

2 1 1 . 5 0 0 . 0 0

3 3 , 2 7 2 * 0 0

1 1 5 , 6 4 0 * 0 0

2 8 , 5 0 0 * 0 0

1 , 2 2 0 , 7 8 0 * 9 1

8,000*00 3 3 , 3 7 6 * 7 8

9 , 8 5 0 * 7 6

5 7 , 2 8 8 * 9 9

1 5 , 0 0 0 * 0 0

8 3 , 9 6 6 * 4 3

3 8 , 2 6 1 * 0 1

3 8 , 4 1 6 * 2 5

1 5 , 0 0 0 . 0 0

3 9 , 5 4 2 * 6 5

6 3 , 7 3 7 . 9 8

6 8 , 5 6 7 * 1 1

2 4 , 8 2 6 * 8 0

69,489.54

Amount Yield end

of December

1 0 , 7 9 8 , 7 6 7 . 4 4

100,000,00*7 3 , 1 1 6 . 0 1

1 9 , 5 9 0 * 7 0

8 9 , 6 6 7 * 1 3

3 9 3 , 6 1 2 * 4 1

2 2 5 , 4 7 4 * 2 2

2 5 , 7 6 9 * 1 0

2,ooo*oq2 7 , 8 3 9 * 8 5

4 8 , 5 6 4 * 9 3

8 4 , 3 2 2 * 4 4

1 9 5 , 5 4 2 * 7 9

4 2 , 9 9 3 * 4 2

1 7 5 , 2 3 5 * 2 6

3 2 1 , 6 5 0 * 5 9

1 7 . 0 0 0 . 0 0

8 , 0 8 0 . 0 0

6 3 , 5 0 7 * 3 9

2 8 , 9 6 2 . 1 7

3 3 , 5 0 0 * 0 0

2 2 , 2 7 6 * 5 1

2 8 . 0 0 0 . 0 0

5 0 , 8 7 5 . 0 0

1 0 1 , 9 3 7 . 2 7

5 5 , 1 3 2 * 2 6

9 4 , 0 1 5 * 4 0

6 0 , 3 6 6 * 8 7

6 , 4 0 0 * 0 0

6,210*002 1 2 , 2 1 7 * 7 7

3 8 , 8 1 4 * 1 3

3 6 9 , 3 8 7 * 9 7

9 1 , 2 8 2 * 1 5

1 6 , 4 5 5 * 3 4

1,112,100*002 , 8 1 9 , 6 0 9 * 1 2

3 3 6 , 2 6 0 * 0 0

7 , 0 0 9 , 8 3 9 * 2 7

5 , 9 9 2 , 0 0 0 * 0 0 .

3 7 2 , 0 0 0 * 0 0

4 0 2 , 3 0 0 . 0 0

1 8 1 , 0 0 0 . 0 0

5 0 , 5 6 3 * 1 6

3 7 6 , 4 5 3 * 0 0

2 9 , 6 0 0 * 0 0

1 , 5 6 5 , 0 6 2 * 5 2

8,000*003 4 , 1 6 5 * 6 2

4 , 3 1 5 * 2 7

7 , 6 8 7 * 5 0

20,000*001 2 , 8 1 7 * 2 1

1 5 , 0 0 0 . 0 0

8 9 , 7 7 4 * 5 5

6 2 , 0 8 9 * 4 4

2 3 , 7 1 3 ; 1 4

2 1 , 6 5 3 * 4 2

6 9 , 6 5 9 * 6 9

1 3 1 , 6 8 2 * 6 3

4 2 , 0 4 8 * 5 3

3 0 , 0 6 9 * 4 0


M m of Ham* ofAmount held end

Amount held end

torri Bank of Kovmnber of Deoembo;

Waseca First national 1 3 3 , 5 1 9 , 0 4 1 4 1 , 2 2 7 . 9 9

itolooae ifeleome National 4 3 , 0 0 0 * 0 0 4 8 , 8 2 7 . 1 8

fills Firat Rational 2 9 6 , 3 3 1 . 2 1 3 1 3 , 9 7 8 * 7 8* Ktells national 2 9 7 * 9 5 1 . 4 4 3 4 1 , 9 2 9 * 0 6

Wendell First National 6 2 , 3 6 2 . 3 3 6 6 , 7 7 3 . 6 6

Stostbrook Citizens State 5 0 , 0 1 2 . 3 0 3 5 , 5 0 3 . 9 6•» First Hat ional 3 4 , 2 5 6 . 4 8 3 7 , 0 0 0 . 0 0

West Concord m .4 8 , 1 2 0 . 0 0 4 9 , 7 8 1 . 6 9

iheaton tt2 5 , 3 7 0 . 4 1 2 2 , 3 7 4 . 6 1

Willaar »»1 3 1 , 1 3 9 . 2 $ 1 2 7 , 4 5 0 . 2 9

» Kandiyohi County 3 0 2 , 8 6 2 . 3 2 2 7 0 , 9 5 7 . 6 8

tfindoa First National 6 0 , 0 0 0 . 0 0 1 7 , 8 2 2 * 4 8*» Hindoo national 7 2 , 5 0 2 . 0 8 1 3 1 , 6 0 2 * 7 0

Jfinnebsgo Blue Earth Valley Batl. 1 0 , 2 0 6 . 6 7 1 0 * 0 4 0 * 0 0tt Firat national 2 6 , 0 0 0 . 0 0 6 6 * 2 3 2 * 4 8

Ninons H1 5 0 , 0 0 0 . 0 0 7 0 , 0 0 0 * 0 0

•t Merchants national 5 4 , 5 1 2 . 5 8 2 0 * 7 3 0 * 6 9t* Deposit Bank 1 7 7 , 0 0 0 . 0 0 1 0 0 * 5 0 0 * 0 0

finthrop First national 5 1 , 0 7 6 . 4 3 5 0 * 8 4 6 * 4 8

Jfoodstoek ’ 3 1 , 5 6 7 . 4 4 5 3 , 5 4 5 * 4 3

WOrthingtoc Citizens national 7 2 , 0 2 5 . 7 6 6 2 , 2 3 2 . 7 9« Worthington natl» 9 2 , 8 4 4 . 8 1 1 1 4 , 3 8 8 . 5 6

filaont First national 3 6 , 3 2 8 . 6 2 $ 5 * 3 2 8 * 6 2

Wlnoan ffinona national 1 9 0 » 0 0 0 o 0 0 1 9 0 , 0 0 0 . 0 0

jferroad First national 1 2 , 7 6 3 . 0 9 1 3 , 8 6 3 * 7 6

7 8 , 3 3 0 , 7 4 5 . 2 7 6 6 , 9 6 3 , 8 9 8 * 4 9

Aberoroabia

h m m w iu v n « n A

First National 4 2 , 3 1 4 . 6 5 5 5 * 6 2 4 * 6 3

Alexander « 2 4 , 9 3 7 . 3 0 2 9 * 1 0 0 * 0 0

Ambrose 2 3 , 0 5 5 . 1 0 2 2 * 6 0 0 * 0 0

Anaaoose iasaoose Vatl. 3 1 , 8 7 7 o 7 3 3 9 * 6 8 8 * 4 3

lasts First national 6 , 5 1 3 o 8 9 1 0 * 6 5 9 * 4 4

Ashley tt4 , 6 3 8 . 3 5 * 0 0

Bssoh it 6 3 , 6 0 5 . 1 7 8 2 * 8 7 1 * 4 7

Binford it 2 1 , 8 4 6 . 0 8 1 0 * 3 2 4 * 3 5

Bisbee tt2 1 * 1 4 2 . 1 9 4 3 * 0 0 0 * 0 0

Bisaarok City national 2 9 , 3 0 2 . 6 4 2 0 * 9 3 1 * 1 1

tt First national 1 1 0 , 0 0 0 . 0 0 9 0 * 0 0 0 * 0 0

Bottineau N5 1 , 6 6 5 . 5 1 5 5 * 8 1 7 * 3 0

Boeaan It 2 9 , 5 7 7 . 5 8 3 8 * 8 4 9 * 7 7

Brinsaade First national . 0 0 6 * 7 6 0 * 0 0

Brockton 4 7 , 0 0 0 . 0 0 5 5 * 0 0 0 * 0 0

Gando Cando national 8 0 , 0 0 0 . 0 0 8 0 , 0 0 0 * 0 0

tt First national 2 2 , 1 5 4 . 5 4 2 2 , 1 5 4 * 5 4

Carrington •t3 7 , 8 3 8 . 5 5 2 6 * 6 1 1 * 4 6

Cssselton Cass Co. national . 0 0 1 7 * 8 0 0 . 0 0

M First rational 9 , 5 0 0 . 0 0 2 8 * 0 0 0 . 0 0

Cavalier tt2 1 , 1 8 1 . 6 6 9 * 7 9 7 . 7 6

Cooperstown t»2 8 , 6 0 0 . 0 0 3 8 , 6 0 0 . 0 0

Courtney «• 0 0 3 , 8 0 0 . 0 0

Crary H1 0 , 0 0 0 . 0 0 . 0 0

Crosby Citizens Hatl. 3 , 0 1 6 . 0 6 2 0 * 0 0 0 . 0 0

«• First national 7 , 5 0 0 . 0 0 2 8 , 2 4 7 . 4 0

Crystal it2 0 , 4 1 3 . 3 4 1 3 * 7 3 2 . 0 2

DeTils Lake Bamsey County Hatl. 5 5 , 0 0 0 . 0 0 . 0 0

Dickinson Dakota national . 0 0 . 0 0

it Merchants national 9 0 , 0 0 0 . 0 0 1 2 0 * 0 0 0 . 0 0

Drayton First national 4 1 , 9 1 7 . 4 0 4 8 * 9 2 3 . 2 7

Bast Falrvitw n 6 , 5 6 8 . 8 7 7 , 2 9 2 . 7 8


Amount datnxatnaice of Kanie of held end held endTown Bank. of noveaher of December

Bdaore First National *66 ,576 0 06 ^64,419*61Kgeland N 8,471.63 12,224.09Eilendale fillendalo National 6,860.00 8,000*00

♦» Farmers National 10,000.00 35,000.00w First national 21,000.00 60,687.66

finderlin Knderlin State 22,000.00 32,000.00Fai rooont First Hatioiml 15,000.00 32,000.00

» national Bk* of 11,020.00 7,170.02Fargo First national 449,833.97 464,140.91

«• i&rohants National 345,492.52 350,085.67«• northern Rational 266,650,66 250,878.62

Fessenden First n&tional .00 40,846.72Fingal « 22,700.00 26,100.00Finley H 66,666.61 74,899.65Forman 46,555.63 40,300.41Fullerton *9 13,199.77 41,212.26Oarri son N 29,856.84' 31,390,41Golden Valley First State 4,500.00 14,222.09Golva First National 23,096.91 34,045.23Goodrich it 2,109.98 5,000.00Grafton n .00 33,995.68Grand Forks •» 110,773.33 121,500*00

Northwestern natl. 264,000.00 299,000.00Harden First national 13,150.00 18,150.00Hankinson City Rational 19,783.16 30,106.33

n First national 29,406.40 54,911.36Hannaford n 20,686.06 24,749.62Harvey n 19,500.00 19,500.00Hatton Far«& Ifsrohe fcatl• 20,421,27 28,500.00Hebron First national 1,412.11 .00Hettinger Live Stook national 38,927.03 40,019.82Hillsboro Hillsboro national 22,000.00 27,902.88Hope First national 46,089.07 26,670.74* Hope national 5,084.84 22,067.58

Hon ter First national 9,000.00 9,000.00Jamestown Citizens national 87,768*30 95,437.46

* Far & lierch Katl* 49,838.98 47,401.07« James River Katl* 238,350.75 241,582*47« Secy* Savings Bank 6,000.00 .00

Kenmare First national 12,000.12 6,968.41» Kenmare national *13,512.09 15,093.57

KUldeer First fc*Hcmal **•«»,388.67 4:? ,385.41ifihlaa N .00 *00Lakota natl Bk. of 6,877.78 1,032.78La Moure Farmers national 33,611.37 26,052.91

M First national 6,532*76 5,982.56Langdon Cavalier Co .Katl 79,885.97 76,000.00

» First national 73,518.92 99,866.85Lansford w 2,550.27 6,761.56Leeds It 8,317.71Lidgerwood Aimers national 10,000.00Linton City natioml. 16,368.75 15,500.00

1* First national 21,625.72 44,732.25Litchville M .00 16,856.01Mo Henry n 22,874.27 21,175.97mq nils m 43,118.99 36,385.96Malootl w 13,927.32 11,453.89

N 91,035.84 110,000.00« Merchants national 33,504.71 39,892.28

Marion First national 38,622.91 52,546.84l£ax *i 4,776.90 19,776.90Mayville M .00 3,500.00iiedian H 73,025,70 72,983.50Milnor Milnor national 52,43846 62,420.50Hilton First national 2,500.00 7,558.07


Fame of ♦ Kama ofir-wrnt held end

imount held end

(gown Bank of November of December

Minnewankan First National 310137o95 24*781.69Hi not Second National 1420000c00 170*206.95i# Union national 140*918ol2 147*638.31

Mohall First National 36*602o42 36*726.22Montpelier »t 3,883,59 6*316.66Neohe ISpOOOoOO * -Few England If 15 .>165 o 00 27*700.00TTew Rockford ♦» - -Noonan Security State 22o500o00 35*000.00Oak»s First National 5 7 u9 6 8 o 7 6 62*565.52i* Oates National 41*466.88 33*593.25

Marshall First National 8*039.75 12*500.00Bark Hirer n 40275.95 15*000.00Petersburg n 4*000*00 12*000.00Plasa it 20*168.92 27*005.35Portland Farmers national 109000»00 io 0ooo.oo

it First National 26*022.14 160212.00Reynolds it 16*000.00 14*000.00Reeder if 45o370.60 60*547.84Rook Late n 15*671.69 15*967.49Holla if io 0ooo.oo 10*000.00Rolette it 25 806.07 25*854*32Ryder if 210974*51 22*086*53Sanborn if 22.669.61 18*342*76Sentinel Butte if 15o000.00 15*000.00Sharon if 10*000.00 10*000.003heldon »» • -Sheyexme • 280868.11 5*811.03StanJay if • 4*500.00Starkweather it 4*293.20 17*000.00Steele if 27*983.33 28*225.00Streeter Citisens National 2 <,055*55 29*087.65

w First National 36*543.11 59*829.51Saylor « 6*068.67 15*000.00Thompson n 16*800.00 . 15*800.00Tolley if 4*944.70 21*900.00Tcmer City if 2*160.00 15*956.94Ttorner n 25*000.00 25*000.00Startle Late n 12*551.33 21*020.35Tattle it 19*730.91 26*865.49Van Rook it m 25*000.00ffahpeton Citisens National 29*000.00 60*000.00

ft Natlo Bko of 3fahpeton 103*121.60 121*336.28Washburn First National 56*441.93 53*520.00îlliston it 179*488.26 275*213.74Tillow City w 61*568.72 71*425.30

it Merchants Natlo 46*570*74 54*140.76Tisfeledon « 71*126.82 89*128.62Woodworth First National 34*600.00 36*767.93tyndmtre if 329625o00 26*501.83

506250lllo93 605350413.54

JKBSLBU EU L

Aberdeenm

AlcesterAlexandria

Arlington Belle Fourohe

First National Dakota National Tarmo & Uerehc Natlo Farmers National First National Security national First Xational Butte Co© Bank

1010957ol4

56 9 761 o 74 37*487.64 61*989.06

138o023o08

800000o0072o607o9294*534ol5

63*084o99 469866o49 79,268o27 83*900o00


-7im nt iaosnt

Brno of Xanw of hold oad hold ond—M ft B«ik ?f irirrfrr- 3 0 m & s &

B«U« Poarohs Pint lational 278,290.42 361,121*02BMMfOlA rt 27,066*96 26,464*74Brandt it 27,697*64 21,373,16Brtdgssatsy Hu m p s lational 52,886*56Brldgsnator Pint Kational 24,622*68 89,266*89

OitiMns satiooal 11,614 .H 179U4«S4Britton Pirat lational 188,888 OS 161,674*61Brookings Bank of Brookings SSIt947*19 262,296*15Brookings Pi rat aational . S0694?4*46 330,546*25Gap Crook ttttlo Missouri 8,781*00 2,100*00Canton pirst lational 126,199,64 1589BJf«86Oarthago •t n ,m .9 5 M vM « nOutUvood w 67,678,78 7i,i78*ai0«ttn iU « n •00 20,000*00Ghaaftoxftaia Brnlo stato Bank 74,323.4sfllndiirtiln ttitteok lational 100,224.46 U9,1T1*66eiMur laki pirst Batlonal 60,686,64 ffr ttf litM m 40,477.23 84t«U «Mew H r n 26,46i,io 86,000*00euik Clark bounty lational 22,096*71Baris pirst lational 9,263.60 10,794*56

« 60,000.00 609000«00M il *9*4* Hoas lational as9M it » $4,266*90ML1 pirst aational *00 8 .H S J9Bo 9Wt 9s 8wit aational 105,727*27 96,122*49Bdtt Pirst aational • 7,600*62 6,887*2010M » 59,792*97 60,261*69BlktSB M 74,179*04 76,816*79BSTiftB It 67,268,90 S29206«61m n v * •00 39012«60Hivfix It 6796*«41 65,800.13MOktom • 8,263*75 9V667«96I M n a n It 30,000*00 30,000.00plorsnoo • 42,871*69

part Piorro lational 2,730.00 189620*17prsnkfort pirst aational 51,982*24 62,5l6*49Pndoriak * 43,064*43 27,760*54flute City * m 4,673.34 2V642«96Mqr . m 86,887,46 50,306*46fltttfitais m 24,463*68 909000«00Goodwin H 11,000*00 94,000.00Orogosy It 929077 .91 99,990.96Orogosy Orogoxy aational 140,280«80 157,743.74Groton Pirst aational •00 80,000*00Hoola par* * Bor. stato 46,612*71 6697K*66Hoola Plrat aational Sl9440«01 619S94«94BUjhaoii Pirst aational 50,000*00 769000«00Hot springs Pooflaa aational 7,247*62 11,400*00Howard Pirst aational 8BIM IU 2 91,169.63Howard Bosard aational 102,64**73 192,100.89Huron City aational 821,100*23 3S19280.41Huron pirat aational aaM M .98 284,408«12Huron national Bank of Hnron 110,929.88 116,974,40Hayti pirst aational 2,220*66 2,220.66Batson » 40 18,661«86Konnoboo • 46,066*01 61,406,28Uki Iordsn 86,112.91 104,fl8«66itfBt Proston Pamirs lational 24,668*41 41,169.76late Proston pirat aational 49,122^92Lonon • 98,199*96 106,102*82Lotohor it 27,264*64 26,046.64B»2fetosh • 16,117.92 29,000.06Ua&lsoa 936.997*13 864,622.46U n h b «t 49,296,40 69,29**49 53


Amount Axout&ame of ttame of held end held end(Down Bank of noveofeer of December

Madison Lake County National 124,242*34 113,617*99Henno First national 41,222*46 40,253*45Midland DO 27,093*33 48,669*84Milb&nk DO 116,579*75 130,446*49DO Farmers & March* Sat *1 68,693*42 86,893*42Miller First national 63,344*96 55,186*73Mi tohell DO 394,367*41 378,072*81DO Coml Tr & Sav» 141,943*29 167,612*70DO Mi tohell fiational 662,300*54 467,594*29DO Western National 391,098*46 401,724*79Mob ridge First national 54,570*11 80,554*19Morristown DO 32,666*79 48,000*00Mt. Vernon DO 81,895*03 90,624*55liewell Reclamation State 3,633*60 *00Oldham First national 56,961*99 55,594*49Qnida DO 51,727*49 59,673*04Parker DO 54,409*96 62,680*24Pollock DO 35,973*56 35,304*70Pierre natl Bk of Comaerce *00 57,312*19Bapld City Citizens Bk & Tr* Co* 59,698*54 76,496*57DO First national 273,241*48 302,430*97Badfield American national 169,714*61 193,717*03DO fiedfield national 146,869*78 127,524*34Salem First national *00 13,920*00Sootland Com Belt national 137,086*06 146,962*05Selby First national 21,551*91 42,497*51Sioux Falls Commercial * Sav. 153,000.00 166,200*00DO Minnehaha national 92,279*16 173,993*90DO * Security national 945,079*16 915,066*50DO Sioux Falls national 634,287*37 620,069*20DO Sioux Falls Sav* 739,663*05 706,419*89Sisseton 01 tisens national 125,729*25 112,000.00DO DO 47,019*64 45,832*53South Shore South Store Bank 34,797,12 32,654*368pearfish American national *00 •00Springfield First national 56,362*31 64,164*96Stratford First State 2,100*62 5,928*47South Shore Farmers national 8,018*31 6,016*31Sturgis Commercial natl *00 16,000.00Tinker Lake Stock Growers State 26,296*44 * 36,630*56Toronto First national 41,539*47 51,793*66Tyndall Cl ti sens national 7,629*80 2,461*05SO First national 52,263*32 75,674*36feblen DO 6,500*00 29,000*00Viborg DO 52,796*75 62,712*28Volga DO 17,000*00 17,000.00Watertown DO 313,291*46 286,000*00DO Security national 136,419*78 146,966*70Waubay First national 6,960*00 20,060.06White Lake DO 50,446*91 46,416.66Webster Far* 6 Merch* natl 40,000*00 40,000.00DO First national 17,178*13 1ft,991,60DO Secy Bk A Tr CO* 30,077*61 16,191.47Wessington First national 10,979*56 83,276.19Wessington Springs DO 207,414*95 888,790.69We tonka DO 8,000*00 9,000.00Wilmot DO 13,035*85 17,337.69Winner DO 43,465*58 61,460,38Woonsocket DO 71,533*22 76,681.86White Bock DO *00 6,694.60Ifenkton Dakota national 20,295*69 84,163.63Yankton national Bk of Comaerce 16,617*71 36,400,48DO First national j m u m . J & i & t & l

12,287,356*63 13,486,946.63


Same of

-s-

Haae ofAmount held end

Amount held end

Town Bank of November of December

Absarokee Stillwater Valley state * 21,497.91 fc 20,401.99'Antelope First National •00 3,743.98Baker St 14,597*15 25,735.65Belgrade Belgrade state 78,133*04 76,533.91Belt Far* 6 Miners State 10,993.75 520.00Belt State Bank 13,640*00 7,000*00Big sandy farmers national 10,277.99 11,389*24Billings American national 57,000.00 25,877.36Billings Merchants national 363,800.53 302,057.70Billings Montana national 172,676.06 173,238.61Billings Sooy Tr is savings 109,262.22 87,581.24Billings Yellowstone national 94,669.48 .00Bozeman Conmeroial national 412,874.03 340,127.32Bozeman Gallatin Trust & savings 53,434.01 33,134.00Bozeman Hatl Bank of Gallatin Valley 25,339*90 12,241*97Brady First national *00 5,876.30Bridger American national 7,779*65 418.00Bridger First national 63,087.75 63,736.89BroadUs Powder Biver County 18,300.27 15,681.74Broadview First national 8,147*08 18,147.08Brockton *» 15,346.21 23,987.50Browning Stockmens state 22,968.41 32,256.38Browning First national 21, 151 *42 *00Butte Miners sav Bk & Tr Co .00 20,000*00Carlyle First national 32,976.28 35,543*71Carter N 16,391.75 14,522*86Charls * 9,119*41 10,565.46Chester « 37,076.52 41,920.00Chinook Farmers national 40,992.22 46,875.75Chinook First national 142,643.13 147,779.49Choteau «t 43,133*92 29,036.42Cirole t* 14,029*28 15,964*26Celumbua *t 33,968*65 34,309*55Columbus Stockmens national 14,031e84 .00Cearad First national 70,801*06 74,421.67Culbertson Citizens state 1,553.00 16,107.65Cut Bank First national 108,935.49 99,313.66Denton First national 16,003*50 *4,963.80Denton Denton state Bank 1,982.96 26,049.73Dillon Beaverhead state 38,041.12 37,360.52Dillon Sscuxity state 42,561.73 30*653.82Dodson First national 11,649.20 24,418.10Bast Helena East Helena state 20,000*00 20,000*00Bdgar Bdgar stats 9,030.00 23,030*00

First national 14,040.55 5,286*56Banls southern Montana BSnk 3,067.5# 6,134*26Eureka Far 6 March state 72,476.63 34,837.31Fairfield First national 11,175.83 6,606.60Forsyth American national 11,944.19 5,966*66Forsyth First national 129,211*26 110,186*93Fort Benton Stockmens national 193,863.38 187,386*99Fresno First national 12,923.53 16,256*43Frombe rg Clark Fork valley 12,892*24 13,663.12Oevaldin First national 8,905.42 23, 761*81Geyser tt 28,167.65 35,563.95Glasgow Glasgow national 64,755.00 76,155*00Glwdlve Merchants national 13,950*00 *00Grass Bangs First national 14,834*13 29,365*43Great Falls Comaezoial national 100,633*17 182,279*91Great Falls Great Falls national 273,533.70 147,400*00Great Falls northern national 3,642*83 *00Hamilton Ravalli county 20,000*00 •00Hardin First national 20,400.00 20,266*66Hardin Bardin stats 24,143,15 22,280*00Hardin Stockmens national 6,190.08 2,131*50Harlem First national 41,840,93 39,873*63


•10-

Aaount AaountSeas of Su b of held end beidead

Hnlr— ■ ■tf ftolMMtoML, af BeaeA

Hsrlovton first Matlonal *60,121*92 $85#556*91IIMIV Havre national 42,207*50 55,245*56Helena Aaerioan national 282,158*24 159,562*51

w Banking Corp of Monto 88,456.48 80,680*00* Conrad Trust & Savings 201,256*75 112,785*62n Matlonal Bank of Helena 257,467.50 227,467*50

Union Bank ft Trust 510,625*55 292,115,60Hlgtovood first national 45,706*54 54,298*52Rlngiaa Hia£iaa State 28,105*71 .26,119*65Hinsdale first national 29,255*74 56,755*74

n Talley Co* Bank 55,550*00 41,512*05Hobson first national 21,159*51 24,552*24Hbntley Huntley State 10,957*41 11,967*41HfrShaa first national 55,182*55 19,129,96Ingoaar first national 50,717*90 55,006*55Inverness Inverness State 19,856*05 18,692,59 -Intake first national 15,404*21 17,006*00Iaaay m 28,442*50 55,650,00Joliet Joliet State 5,255*99 741,42Joplin first national 5,025*14 4,656*20Jordan n 15,845*55 ••Judith 0*p m 8,540*40 17,050*00Khllepell Bank of Cooneroe 18,795*50

m Conrad national 110,875*00 80,220*00« flrat national 120o546*06 107,725*84

Laurel 01 tlsens national 55,529*78 56,941*61M i W rb Bank of fergus Co* 491,987*46 580,067*51

« Bnsplre Bank & Truet 116,698*57 99,166*77« flrat national 546,154*79 410,668*65N Levistown State 11,570*51 1,260*00

Livingston northwestern national 28,708*85 5,121*64Malta first national 69,111*50 61,695.50

Malta national 16,447*06miss oity flrat national 100*000*00

* Miles City national 162,457,08 121,054*55Missoula Aaerioan Bank 6 Trust Co® 11,504*78 117,924*87Moore first national 58,176*52 58,542*75Basina it 7*500*00 7,741*51

tt State Bank 24,685*00 51,495*00Ophelm flrat national 24,056*10 18,422*46

i« flrat State 1,151*10 16,145*74Oirsego first national 14,061*90 15,588*05Bark City Park City State - 17,651*71Plentyvood first national 10,110*54 48,057*50

i« State Bank 5,500*00 17,545*00Plevna first National 18,861,90 12,415*91Poison » 25,219*21 29,505*75Poapeys Pillar tt 17,405*00 6,000*00'Popisr ft 20,555*86 29,499*55Raymond first national 45*545*85 50,200*00aayneeford Stookaans national 14,154*02 16,276*82Reed Point first national 9,805*76 59975*66

N Reed Point State •

Reserve first national 18,629*72 22,485*4231obey 8,512*24 20,774*56

* first State 11,184*81?onaa first national 49,588*14 47,118*79onndnp Cltlsens State 41,601*50 160724*92

« first national 50,959*02 25,000*00w Roundup national 24,168*44 19,655*52

Boy first rational 57,480*84 57,445*65tadyard it • 5.522*00iaoo faro & Kerch* State 9,655*04 24,448*64

« first national 12,855*97 17,621,25Savage n 56,118,10 59,811*95


Amount Amounti»au& of i»an» of hold end held end

tom,,,., JBJLM23SB&&Z ...gf.PtfifrBftM

Savoy lin t national $1,578.30 # 2(,500.00Scobey ** 47,000.00 60,000.00

It Merchants national 58,165.88 67,017.56Shelby First national' 2,517.92 4,900.00Sidney M 153,010.52 120#152.86

# Sidney National 5,774.84 10,120.08w fellows tone ?y £* 6 Tr Co. 88,671.33 87,722.76

Stanford First hatiojifcl 3,216.67 ,00Stevefcsviile It 34,273.18 28,320.24

i« Pi ret State .00 9,500.00Three Forks Au&rioan i*at.Uu;*4 51,516 e 17 29,914.61

n First national 54,513.48 67,530.23Sownsend » 52,788.71 .00Twin Bridges w 12,776*13 2,791.25Valier First 2»&ticnal 18,582.70 , 11,366.85Wes tty « 17,263.22 16,024.96Whitehall M 21,684*00 13,886.48White Sulphur Springs Central State 42,29$.14 23,160.28

« First Satlc-nal 15,463.79 .00Wibaux it 5,848.88 .00Willow Creek Willow Creek State 59,961.34 59,271.02Wilsall First national 4, OuOo83 10,000.00Wlnnett » 6,468.84 4,300.10Winifred 5,71 Oo 48 18,879.11Wblf Point M 51,717.85 62,225.93

N First State .....

$ 8,331,162.17 $ 7,068,709.63,

aiifigiflAK

Bessemer First National # 56,000.00 # 56,000.00Sladetone Gladstone St Sav .00 30,000.00Iron Biver First national .00 25,000,00Ironwood Oogebie National 77,877.66 110,302.46Iroxnood Iron National 10,000.00 20,000.00Uanistique First National 43,082.38 63,558.44Menominee Commercial Bank .00 22,106.16

w Luntbermens national 32,000,00 32,000.00Kegaunee Segaunee National 35,000.00 60,000*00South Bange South Bange State 20,000.00 10,000.00Wakefield First National ___ „.J&g»m w

$' 331,460.04 # 492,467.06

WISCQSS1H

Balsam I«Uc» Polk Co Bank # 34,543.53 # 36,085.47Barron First Rational 29,743.63 23,698.00Boycevllle Bank of Boyce Till e 79,000.00 65,000.00Durand. Firat national 14,000.00 •00Sau Claire feu Claire national 296,671.00 326,222.51

tt Onion national 312,713.24 289,362.85Sllsworth Bank of Sllsworth 35,000.00 35,000.00Fiairchild First national 30,000.00 30,000.00Glenwood City Farmers national 9,063.63 13,359.23

« First State 41,905.64 50,500*00Orautsburg First national 20,000.00 20,000.00Hayward t» 30,000.00 30,000*00Hudson Batl Bk of Hudson 27,000.00 34,000.00


- - 12

Amount AmountName of Name of held end held endS 2 s s _ Sank, of.November i|VH

Medford First National #68,603*56 # 67, 086*30Merrill Oitieens National 30,000*00 44,000*00Mondori First National 123,471*37 115,298*41Nelson * 15,000*00 5,000.00New Richmond Bk of New Richmond 61,178*33 89,958*15Rhinelander Oneda National *00 10,000*00Rice Lake First National 151,000*00 101,000*00Stone Lake First National 6,000*00 6,974*87last Salem La Crosse Qo Bank 10,000*00 6,000*00tttitehall Peoples St* Bank 46,952*20 61,501*44

#1,471,846*13 #1,462,047*23

m m i m m m m v & usu) m> of m im am

Minnesota Sorth Dakota South Dakota Montana Wisconsin Michigan

# 66,963,996.49 5*535,413.54

13,425,948*63 7,058,709088 1,462,047.23

492,467*06

$967928,484083

^m m wiLknoM _

Amount rediscounted for member banks during December # 96,299,946*16Amount of member banks liability account rediscounts #95,928,484*83

Amount of acceptances purchased during Deceiriber $ • 670,158*89Amount of acceptances held, end of December $ 1,313,331*39

M K m m pFirst National Arlington, S* Dak* # 3,223*29First National Grafton, No* Dak* 12,983*02Seoond National Minot, No* Dak* 15,634*81First National Townsend, Mont* 33,409*97

Bill of lading drafts discounted during December 56,485*26

Stockyards Natl Bk* American Natl Bk Stockmens State Bk* First National Bank ?irst National 3ank First National Bank,

» t» M

Yellowstone Val Bk & First National Bank

so* St* Paul Billings, Mont Browning, Mont Grass Range, Mont* Hyeham, Mont* Scobey, Mont* Sidney, Mont«

ft Co Sidney, Mont* Three Forks, Mont

#35,749*814,521*401,505*801,712*341,481*241,061*24

222*1516,231*481,883*34


BAAHtt COLLATERAL SOf:vj i'N 'AiST DUB ACJ JOuivr i* 3L''bK Of BUtiiiliSSS DEC^MBKR 31, 1920*

Town

Ada Minn AdamsBeaver CreekBrioelynDonnell

Mft

Hendricks«t

Jeffers Lake Crystal Marshall Montevideo Dev Richland Revere

tt

Sto Charles*

Sto Cloud .Itendell Windon Worthington

« tt

Belgrade9 Monto ttt»

Cearadtt

Cut Bank* *

ForsythGeyser

wft

Grass Range tt

HarlemHardinHelenaHihgham

Hyshamtt

IsmayLewis town

» tt

OpheimPflppeys PillarRsynesferd

tt

Ravagett

SoobeySidney

wtt

tttt

*t

Jtok JJue a

Adbi National 12/31/20 First National iz/zo/zo

12/31/20* 12/31/20* 12/20'ao* 12/ 24/20

12/23/20 12/29/20 12/28/20 12/31/20 12/30/20 1^ 28/20 I2/ 29/2O I2/ 30/20 12/29/20 I2/ 31/ 2O 1^3l/20 12/30/20 13/31/20 1^31/20 12/31/20 13/31/201^ 27/20 12/28/20 12/ 31/2012/27/20 12/30/20 IV I5/ 2O

* 12/29/sO " 12/31/20 " 12/28/29* 12/29/20 " I2/ 2I /2O* I3/27/ 2O ** 12/28/20* * 12/31/20 " 12/30/20'* I2/ 31/ 2O

Hardin >tate l*/3l/20 Banking Corp of Mol2/27/20

gingham State Various" 12/1/20* 12/0/20

First National 12/27/20 12/30/20

" 13/21/20Bnpir* Bk & Tr Co li/so/so Firat Hational X2/31/20

* 12/80/20 12/27/20 12/27/20 1^31/2012/ 1/20 12/ 31/20 ij/16'ao 12/ 27/20 32/ 31/2052/31/20 12/29/20

• 13/30/20y«H0W3t«B* Val ffit & Tr 12/ 29/20

" 3 2/30/20

Fa iers National tt

State Bank ofAmerican Nat'lFirst National

tt

t»

State Bank of tt

First National tt

Merohants Nat*lFirst National

t»Worthington Natl

wtt

Belgrade St. t»

First National

t»

Stockmens Natl »

First National t»

t»MIt

Not sufficient balance is reserve account te charge tt

ft

t»tttt

»I t

tt

»It

ttItft

tt

tt

ft

f t

tt

t»

ft

It

tt

tt

t t

tt

tt

tt

tt

tt

tt

tttt

.t»

tt

ft

«tIt

I t

ft

‘ft

tt

t t

ft

It

Amount

7.500.00 20,000.00 11,000.003.200.001.944.401.310.40

642.1615.000.00 2,739.09 7,814.575.000.00

50.000.0035.000.006.500.001.326.00

12.000.00 1,909.80 4,679.87 2,550*00

23.000.0060.000.00 • 3,708.784,053.334.204.66I,312.132.094.003.032.67

. 2,029.0615.000.00

576.001,211.66

12.000.002.625.00 7,921.952.017.00

616.112.950.99

15.000.007.625.00

80.000.00 26,469.11

933.75716.79

5,086.302,033.43

17.000.00 22,809.03 12,708.35 19,987.503,597.286.000.00 3 *100.00 5,226.626.788.993.150.00

58.000.00II,880.15 4,874.69

15,905.7611,090/58

491.996,860.51


Allows tone

tarn

Sidtaoy fiiroo Forks

«

w

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Alexander* Ho. Daic. Ambroao

Boach Cavaliar Sast Fairviow Bdnoro Fingal

»

GolvaM

Jamastown Hodina

MohallM

ttH

»

BoodorStrootorTownor

»

WitibladonN

wyndmtroBristol, 3a* Dak.BvookingsGastlowoodGhambarlainBurokaFairfaxFloronco

FrankfortGrogory

»

Howard«»

N

Huron«

MadisonUonno

«

iti t

a

ftScotland

Wossington Springs l*a#r

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it i*

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it

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n

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itit

i t

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First Natl Gits Hat! tha Bank of First Hatl Brulo St*First Hatl

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I *

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iz/m/ii) im suffioiont12/31/20 balimoo is ro-l^'29/£0 aorvo aooount1</31/ 20 to charpoli/i/go *12/£/a> *IZ/22/ZQ ”12/27/20 «*12/29/ao *12'30/20 "12/31/20 *12/31/20 *U/30/20 •12/ 30/30 "iz/zi/zo »12/27/20 **I2/7/2O 12/22/2012/ 22/20 «12/30/10 *12/31/20 *12/30/a) "Various »u / 23/20 «12/31/20 »12/ 15/ JO “12/20/20 "12/23/20 »li/zA/m «12/31/20 »13/31/20 \vvt/to 12/29/ao12/29/20io / l/ a >12/3l/20 12/30/2012/31/2012/ 27/20 12/28/20 Various12/0/ 20 14/29/2012/27/20lV a i/2 0 12/27/20 12/22/20 12/30/20 w z a / s o! * / .* > / .* »

12/30/20 12/31/20 1^20/ 2012/30/2012/31/2012/13/20

i y u / <0 iV .i /f i s / z > / »1^/80/20 x s / a i / s o W t S L / . »12/31/20 12/ 18/20 l i / s a / t o 12/so/ao12/27/20

imwit.

2 , 6 8 9 . 2 4

1 , 8 3 7 . 0 3

2 , 0 8 0 . 0 0

4 . 9 7 8 . 3 5

1 0 , 2 1 7 . 0 6

5 . 8 2 8 . 0 0

2 , 5 1 4 . 9 5

2 . 1 3 5 . 0 0

4,000.005 . 0 0 0 . 0 0

11,000.007 , 0 0 0 * 0 0

4 . 6 0 0 . 0 0

3 7 . 0 0 0 . 0 0

9 . 5 9 3 . 8 2

5 . 0 0 0 . 0 0

a , 8 4 9 . 5 5

4 . 0 0 0 . 0 0

4 . 5 0 0 . 0 0

6 , 6 1 9 . 7 0 .

1 0 , 5 1 y * 5 5

1 5 , 5 1 9 . 3 5

* 5 7 , 9 9 3 . 5 0

1 5 . 0 0 0 . 0 0

2 , 0 6 5 . 2 2

1 0 , 5 0 9 . 6 5

2 * 7 4 3 . 1 0

6 . 5 0 0 . 0 0

7 . 0 0 0 . 0 0

10.000.001 9 . 0 0 0 . 0 0

5.000.0020.000.00 10,000.00 2 8 , 1 4 7 . 6 3

1 0 , 1 7 7 . 4 2

8.000.006 . 6 5 2 . 0 0

3 , 6 3 7 . 6 5

5 , 3 3 3 . 1 3

8 2 , 2 0 6 . 6 1

12,000.00. 1 2 , 5 0 0 * 0 0

5 . 5 0 0 . 0 0

4 . 9 2 0 . 0 0

2 9 . 6 4 0 . 0 0

3 , 4 6 7 . 7 5

7 * 5 0 0 . 0 0

8 , 3 0 1 . 9 0

6 . 4 3 8 . 3 5

3 . 2 8 0 . 0 0

6 , 2 4 0 . 7 7

8 0 , 0 0 0 . 0 0

1 3 , 6 1 9 . 6 2

3 , 2 9 8 . 0 9

1 , 4 2 7 . 9 3

1 , 3 2 6 . 2 1

1 , 0 1 9 . 5 0

1 , 0 1 4 . 8 0

5 , 6 1 7 . 1 9

2 , 9 8 5 . 8 5

3 , 2 7 4 . 6 4

5 , 0 7 7 . 3 3

7 . 0 0 0 . 0 0

1 0 . 2 6 7 . 0 0

7 1 7 . 4 5

7 . 0 0 0 . 0 Q , _


I y D 5 X

Acceptance* for Deoember 1920*........................... . . . ©.................. . . . . . . . . .41Accounting—Helena Branch*..................................................................... 5Accounts.o Federal Reserve Agent........ ©♦.„.<.->«o®r ••<•.<>••.•>*©*©v-*e- d3

Treasurer of the United States*)««••«•••.©••©•••..••. . o e o © 2 4

Assets— -— -Average Holdings of Earnings,-.. . 0 ,, ^ o <> © c © o <■ c o c © , c © . © . © . © 2 1

Comparative S tatoment 1 9 2 0 —1 9 1 9 © . c ® r . o » & 9 © © » © v b © o o o * 9 9 ? © ® 9 ® o © 7

Balances---Other Federal Reserve Banks December 1919-1920©o........ ..©•••*42Heniber Banloi by Months®... . o © . . . ® © . . © . . . . * c ,46

Bill of Lading Drafts for December 1920.......©•©•••••....... ....... .......... . ..o58Bond Department Operations for Year 1920, *© . - , © ® . © 9 0 * © . . ® * . .44Capital Stook.................................................................................. ......... 46Certificates of Indebtedness, United States T r e a s u r y © « c ....29-30 Collection Department—

Comparative Report .®.c®®..®.......*..«®©....«c**o©©o......... « 24Crl'CWth Of o.o®.«*<>'.>«o©03aoo- » ® © © i. » o. o . o . o o o o o c © -> u ««©««...« o 3

Comparative Statements ,. . . . ..r *•••.* .cc® . c7-8-ll-13-14-15-16-lC~19-20f~21-22-23-24-25-26-43-45-46

Contact of Departments .<» «••>!<.,© ® • ® .*©.©«> •. . © o. -v.-* *.-.<►«* <c © r.«* ® ® «<,.-.*• <. 4Control of Bills D i s c o u n t e d © ? nr ©«ec< **©«•(**«<«•<.& © © 3 Controller-s Conknents on--

Collection Department r(«eoo ,>•, croc.* wcC .©©<:•.»... ,v 3 Contact of Departments*»*«»e*«oooco-. - cop.ve«.>»*.•cev.«««* eco 4 Control of Bills Discounted**»#«iv#cn«o{•*-><>«.«**> *«j<oc»ccc«.t 3• Currency- *«* -> *«.v<*.. - *. © ® «*«.<-. e «e o o. «. «c«® © c *©«> < <•> c << < -r. 6-14-19-24 Furniture and Equipment* * © ©«® ® © c o © © c o ® © ® c © o <•* © c <•» c <.- o © ©© «o o © 2 Helena Brandi* »o*« .©©©ooo®®**®*®® .©*?*****©®®©* of""-. ©©©««•**. 5Merit Flan# • ✓ I <“ •> • *:<»<,<:« •.•'<• ©«•».»•«• »?«cc .'•'e*©©c©eo.©©oo©c©©©o©o 6 Overtime » © *.« • © ? 3 • •• « © . a ; ® © . © o ; •> <r < : o . © o . . .0®®®®<©©9®ee.; 4 Silver and Minor Coin* ♦ > -.c v o or o • © • © e c «. o © o « . * • . • • « 6

Couponsg United. States Idteriy Loan©.•«q.©©....«.->©.©®©®c*©..c.o<..««e.e 23 Currency, Sub—Treasury Functions©•©«o©«o©*oooeco»ooooo©o>oooesao© .to««e« 6 Departments—Certificates of Indebtedness. « « o © © © © o © © © * c © © c ©•© ©.© ©..29-30

Collateral ©•©•0ec©©0c#©woea")v©o#0t0C©0030©.0..©%i0©0©©*©#*«c 29 Colleo ion© . ccvo©««o0o«ooe«o©o' (.jcjecoo»4«oo#«f *3-24Contaoto ©C9090®®0®0®»0®9®900©.>90©©©000«09®®e«*®««©®»*9e©««t 4 Coupon© (OtOOItMOOOHMttMOOOttCIDItt lMMtCt.KtOOOKItC 23Currency ©••©ooo©»©cee*oo««<»ooo.>d*c©©©vcoooo©- vti«ixo»«oc 6-24 DiSOOUnt© <i«.oooac©©o©> ©••©«.©©•.•©©••©co©.©oco©©':cov©© o • o3—22 Federal Reserve Agent.. . ® . 9 0 9 ® < > ' ' s e © o - j > o © . . . . < , c. o©o©« 13—15—16—17Fiscal Agency. © © < « » © o o ® ® ® 9 . 9 . © « > ® © o © » * o e o ' o©®»®*®%«28—29—30 transfer • '’!9©®®9o*©©9©ao.eee©.o©»o<'>o©oo9...©o©*..«•••»..**«© 26 Transits © <»•«* o «©©•.' t'd O o O o • e •>$ o v>o o © 3 • • • • • • • • • • • e • o •.©•••• 26—27War Savings • <•«©« ©«o ® «> # * • • o o & •»o *•» ?<•> <• o .> ©<■.«o © «,• :«©•••©.©••••• o ©«: 29■VirOo •©..*■ co*»oo »»oo''o<>ooa*«o<.*©o ®‘® *» >c-c...«o©on'ji>©«©...©.©©©« 25

Discounts-- Comparative Operations 1919-1920... * © .,„ © © © © © © ©. © © o © © * © <* o o. o 22Volume by States •>«««.<s««.i*.«...«....«.e»«««oo«.-ooi;o«o«<)o< 22

Earnings---Analysis of Cross Earnings for 1919-1920*.©* ©a©©oo..©,evooo 20Average Daily BddlngSo©©o *o©r©.o<>it.o«©©©ooo«*.©co©.o9©©o« 21

Months for 1920®©©•••®®o®®®6®»o®®«»o®a»o«4«®®«®®«®®®®®o6e XO Control of Discount© «t<«»««*««o©«o«««««t«o« ? <> © ® ® <> o <»«*.•• o ** ?>;. 3 Fc* Deoember 1920o9oo®«®®®99©® •©'■><>©»••••••©• ,<•©©© ©®<»*ooo©o 35

Earnings and Assets—Average Amount for December 1920...oooo.©*©©©©©© *, 34Efficiency System®©...................... ........................................ . 5Exchange Value—Furniture and Etjuipment©®*©.©©').©®..••••••••«••«©• «<>««•€■ 2Expenses—— Agent for Doooiribor 1 9 2 0 ® « © • • . • • • • • © © • • . « © . • • • • • • 39

Analysis of Increases©»®®®®®»®»0©©®»©®»®»a» f ©•»•«♦♦•••»>»» 11 Bank for December 1920®.®®®©«.ooo«**oo«©c©i .>o®®®®©®®«®®®*®®,* 36 By Months for 1920©9®®®®®®®®®®o«oo®o«®®®®®©*®®®®®*®*»»«*«*« 10 Fiscal Agency for Dooeoibor 1920®•••••©o©®®®©®«• *>»>©*•••*• <*ot 28Itemisod—Bank. Helena* Transito•«o»«««**#»#6#o*»«'’*»®®®®®# 11 Transit Department for Year 1920.>•.©*•*©*. ©©•©©«•.•...©©..« 26 Transit Department for DececSwr 1920e*©9©©o©9«e©o©©«««« «®c 27

Finance C rporation® *<> * ">•«>•<»** c<> wo * •• • * <•>©«*«©••*?-•»•*< «© 28


Federal Reserve Agent —Aocounts.......... • • • • • • • • ............... . . . . . . . . . . . ................. . 13Current Expenses December 1920.............. ................... . 39Cold Holdings for the Tear • . • • • • • • • • . • • « • • • . . ................... 13Rotes . . . . . . • • • • • • • • • ........ ............................. ...............16-17

Fiscal Agency and War Finance Corporation —Operations •• •» • •• ........ . ..............• 29Reinibursable Sxpenditores.......• . • . • • • • • • • • • • • • • • • • • ....... . 28

Furniture and Equipment — Valuation of*......... ................... ................ . 2Cold Holdings. .Bank ........................... • • • • • • • • • • . « . . • • • • • ............ . . . . . . . . . 13

Federal Reserve Agent • •« • • • • • • • • • • • • .......13Insurance on Furniture and Equipment ................................. 2Investment Operations for December 1920 ............................ .............*•••• 33liabilities, comparative statement .....................................• • • • • • • • • • • • • • $Montana Branch, Expenses . . . . ........... ........ ................................••«••••*. 11

Methods of deration ..................................• • • • • • •* • • . • • • • • 5Motea* federal Reserve •—

Agent’s Transactions 1980 .......• • • • • ' • •» .« • • • • •* • • • • • • • • • • • 15Analysis by denomination ..........17

Comparison with other Districts .......................... ............. 14Cost and Increase . . . .......•« • • • • ..................... .................... 14Sxpanslon and Contraction ................... ........ ................ 14Issue and Des traction ................................... ................... . 17Monthly comparison Issued and Destroyed ............. . . • • • • • • • • 16Received and Returned by Federal Reserve Banks 18

Botes, Federal Reserve Bank —Issue and Destruction ».*••...............• • • . . .*« .« ....... ...**«• 19Security for ........ • • • . . • •«» .* • • ......... . 19

Officers — Duties and Assignments.......1Organisation Chart of • • • • • • • • • • • •« •• • •« . •«« •» •• • • •« .• • ..........• • • • • • • •» . 1Overdrafts for December 1920 . . . . . . . ................................................ •• •••• 58Overtime .............................................................. • • • • • • • • • • .......... 4Profit and Loss Statement for 1920 o...»...................................... 9Rediscounts.. .By Banks for Decenfeer 1920.........................#4* to 58

By States for December 1920 ..........• • • • • • • • ....... . 58Past due for December 1920 o•• • • • • • • • • • • ....................... .59*60

Reports, Proofs and Verifications for December 1920 • • •« • • • • •« •• .........31-32Acceptances ................ 43

Bills Discounted <>.......................................... . .* .* .* . . . • 43. United States Securities .......... ««•••••.............................. 43

Reserves, iienfeer Bank Balances by States 1919-1920 . . . . . . ........ • • •* . ....... 46Resources, Comparative Statement ................ ................................ .......... . 7Salaries, Statistics o f ......................................... ............................... 12Securities, held as collateral for Deoenfcer 1920 ................ . 40Silver. •••• .......................................... .................................. . 6Sub-Treasury Amotions ..............................................................*«••.•••• 6Thrift Staqps, United States .............................................• • • • • • • * . ......... 29Transfers.. . . .Analysis ....................... ................................. ................ 25

Mall and Wire • • • • • • • • • • • ............. .......... . 25transit Department —

Comparative Statement 1919-1920 • • • . .» • ..................... 26Expense for December 1920 . . . . . . 2 7Report of Operations for December 1920 • ••»•••••••' ......... 37

Treasury Savings, Certificates « . . » • < » » • » . . . . 29 Treasurer of the Uni ted States —

Dally Average Balances by Months 1920 ........................... 46Deposits and Withdrawals by Months for 1920 o»«..o.o*....». 24

Twin City Clearings for December 1920 ........ *«•••••.................... »••••••• 38Whr Savings Certificate Stesqps ..... ......... .................. ..................«•••«#.. 29Wire, Gonparatlve Statement Operations 1919-1920 ........ ............. ............. 25


Documents

1920 Directors Frb Minneapolis