1917 directors frb minneapolis

AUDITOR'S REPORT

FEDERAL RESERVE BANK OP MINNEAPOLIS FOR TEE YEAR 1917.

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

January 7th,1918,

To the Directors ofFederal Reserve Bank of Minneapolis.

Gentlemen:I respectfully submit herewith the Auditor!s

Annual Report for the year ending December 31, 1917,A monthly audit is made of all departments

as far as possible, and continuous audit is made ox several accounts, particularly the cash and s ecurities in the Reserve Vault and the Collateral to Government Deposits. All Liberty Loan Bonds and War Savings Stamps are also checked in and out and records kept.

Admittance to the Reserve Vault may be had only when an officer of the bank and the Auditor,or his assistant, are present, an officer holding the key to the grill door and the Auditor the combination.

Admittance to any chest in the Reserve Vault is possible only when three are present. The Governor, Assistant to the Governor and the Cashier hold the upper combination and the Assistant Cashiers the lower, transactions in and out being checked by the Auditing Department.

Yours fery truly,

0 X YHH-B Auditor.


I H S S Z

P*»a»

1. Monthly report of proofs and verifications.2. Proof Bills Discounted Messers.2. Proof Bills Bosgfct in open market.2. Proof 0. S. loads and Securities.2. Proof Municipal Warrants3. Bank Balances - Other Federal Beserve Banks.4. Bank Balances * Member Banks4. Government Deposits,5. Capital Stock.

/ Earnings for December.7. Expenses for Decentoer.8. Expenses - Agents Department.9. transit Department Disbursements and

Service charges for December.10. Liberty X>oan subscriptions and allotments.11. Liberty Loan and War savings Expense.12. U. S. freas. Certificates of Indebtedness issued.13. Average earning assets and rates for December.14. Average earning assets and rates by Months*15. Gross earnings by Months.16* Profit and Loss Account.17. Salary Statistics - Liberty Loan and Bank.18. Statement of Furniture and Fixture Account,18. Statement of Gold Holdings of Baxik and Agent.19. Cash Becord - Bank.20. Cash Becord - Agents.21. Federal Be serve Motes issued for year 1917.22. Federal Beserve Botes received from Comptroller.23. Acceptances held at close of business December 31f 191724. Bediscounts Member Banks by Sown and States.2a. Statement of Besoorces.26 Statement of Liabilities.


HOHTHI.T REPORT OF PROOFS AID VERIFICATION BT THE AUDIT DEPARTPWT.FEDERAL RESERVE BAM OF HIHHSAPOLXS.

Deoonber, 191?.

Data of preceding proof Date of proof thla south11/1411/1411/1411/1411/8?

11/30Continuous11/JO11/011/1511/Sii/a?11/8a/as7Weekly

mil f

11/3011/3011/30

11/3011/30ii/a?11/3011 /3 ?

n/a?11/3?1 1 /1 4

11/33

11/30

Bills discountad for mefflbers Maasbar bank collateral notes loo apt maom bought Bill of lading drafts United States securities Aooruad interest U*8.securities Premium account U.S*securities Municipal obligation®Bestnre Cash Tellers1 cashCh3ok3 and other cash itemsDue from non-mambar banksDue from member banks-deferrad debitDu© from depositary banks-Fiscal Agt#Capital AccountDue to member banks-deferrad oredtt Ho,of accounts of member banks not reconciled during month Accounts with F.R,banks reconciled (indicate whether daily,weekly ot monthly)Suspense and difference accounts Earned Discounta and Interest:Bills discounted for members Acceptances bought United States securities Municipal warrants

Unearned Discount and interest 5 Bills discounted members Acceptances bought Municipal warrants Cashier*e oheoks Expanse oheoks Ssrvios charges

Fadef&l Reserve Agent * s Department: Federal Reserve lotes Gold and lawful money held Rediscounts and acceptances held

Fiscal Agents Accounts;Collateral held as security for

U.S.Deposlts Uberty Bonds & Int*Ctfe*reed*

for exohange and conversion Miscellaneous accounts;Liberty Loan Cashier*s checks War Savings 9 *Pay roll checks

13/a?13/a?13/3?13/37Continuous l ;i /3 S 13/38 U,U?Continuous13/1013/1013/1013/3613/3813/3413/180Weekly

Daily13/3813/3613/3813/3813/3613/3813/3613 /181 3 /1813/37

ContinuousContinuous13/3?

1 3 /6

13/18ia/ia13/18


M « r teile ooXXatoraX loans # 1,198,630*" * radlsooaats OB hand 6,387,0m* 14

tfeaber bar.k rediacoonU soat foroollaotlon (iMing wtfl-id) 1.127.688.33

Total 8,713,660.47JL2TL. 1916

Bally avarago aaoimt of rediscounts from aaafcers 7,370,500. 1,268,400.Arorago rats of discounts 4.£23$ 4.804$

A0cmpfur0Ba vaufzsD as of iegmkr 2 7, X9X7.Aoosptanoes on hand 36X000.Out for ooliaatIon (tain* wrtfi.4) 7.678.031.71

8,03*.431.71

....m t .

Sally average amount of aoeefta&os* 4,703,X00* 2,154,300.AT«rag« vat* unui *ft«p paying oonltsloa 3.168 Z.9&6%

{felted iitafcaa loads and Neurit les on Band and Bold In Washington ** oXoae of business 9eo« 31,19X7- Continuous Audit*

gar Value.0*3.$reae*Cert# of Indebtedness dated lor* 30,due June 26tlil8 000*fteg* Z$ Consol* - loss 1900-1930 3£3,030.Hog* Bjl HaiM Canal Loan 1506-1936-38 16,260.Bog* and oottpon 3$ U.i. Loans 1898-19X8 X,X99,X80*Hog* 3$ Bua aa Canal I4a& X9X1-1961 300<Coupon 3jf Cm year 0*$*freasa*y no tea X,340,000*Coupon 3J( Byconversion Bonds X9X6-X946 3,200*Coupon B$ U.3*0on^rslon Bonds 1917-1947 111,600* Bog* 41 Coupon 4> 0*a»Boads 3,200,540.4^ Liberty Bonds parehasod sad bdlng soXd to employeesoa aerathly payment plan (Paid to dato #11,480*00) ........E7.930..

Total * * . * * 3,228,490.■JUHUL M IL

3*11? average amount of ii.J.iiacuritles 3,833,400. 3,013,300*Average rate earned 2*360 2*897$

Warrants of States and Munlalpallties Bold at Clo89 of Business December 31, 19X7 - Paid Jan. 2, 19X8*

-■JfiBft— lte*JfeSft.te, A l .Treaa* Warrant of Oily of laft Claire,fls* 3 % Jan*2,1918 # 13,380*--MIL. _J2ULSally average aaount of warraats 133,300* 1 ,£31,300.

Average rata earned aftor paying ooa&lsslon 2*9X8 2.748$


m u m m »im wmw* aid "bus to» om m wemmL eb^ive bauksA$ 0X031 OF B3S2SS33 DECMBM 31, 191? AED B10BCBM 31, 1916.

federal Heserre Bank of...... .

Due froa 1917 _

Due froa Bus to 1917__

Bat to

Boston 1,021,741.17 355,628.92 151,864.84 88,145*80Itw York 5,460,688.79 1,540,599.88 1,006,288.58 237,022.56Philadelphia 855,921.03 3,103.46 511,730.78 188,921.31Cleveland 63,293.17 1,056.83 610,092.38 268,168.72Hlohmond 3,820.87 522.47 66,911.55 22,425.39Atlanta 1,822.38 2,296.93 9V548*99 5,619*35Chicago 3,363,388.38 202,687.66 5,243,485.13 1,407,580.37St* Loult 151,402.54 5,927.58 187,152.41 134,753.07Kansas City 143,062*34 45,760.39 186,150.81 183,469.88Balias 34,734.57 12,830.46 7,032.71 11,318.06San Franciseo 183,182*95 49,957*42 449,376.67 5,894*18

11,283,058.19 2,220,372.00 8,449,634.85 2,553,318.69 Deferred 1,964,552.53 1,378,625.07 2,074,525.79 1,793,837.89

14,247,610*72 3,598,997.07 10,524,160.64 4,347,156.58

the balances due at have been oheoked and found oorreot. tateiaexits of balances dm to other ifeder&l Beserre Basics have been forwarded and will bo followed up until verified* Accounts with other federal Besenre Basks are reconciled once a week tad copy of reconcilement forwarded to the different ban*®.

Accounts of Member and Eon-aaabor Banks wore verified as of Deoenfeer 31, 1917 sad found to be 1b control with balances In General Ledger. Daily statements are rendered and reconcilement asked for and received from eadh Back at &e olose of business each month.


lyftwifny m 9o m 149380K July 35,786M 19,605aFebruary 27,662 U tS13 August 37*442 20,406Itaelt 29,201 IS,050 oapt. 38,888 21,490April 29t985 15,382 October 42,196 22,7732fey 29,198 17,621 Kovo&b&r 43,696 26,801Jxms 29,893 19,129 4%li0 29,670

Airarag# Balaooe 1916Avmmm 1917 34,40514-

mam bmk mumm m mims omm m business vm « m ?

IHyaw.ftat*

m jaM,l t8199598*a2 191S69669#84 1# Bale, 23f97atd99«a? i t fMMtMB s. sb*

3f0X$td08«d& viao*3t6O4t30&#274»m«fi@0»401,466*009.09

2,37MIQ»0ta«mft8oa#i^2#766f640#87

Balance a© shovs Qm&ml M&sm * • # • 409476t91S#31 29,534,961*87Ok JanuGry Bf 19X7 tb® deposits war© redaood §1,700,219,92 th«mgh the trane-

ftofiag of 52 mBGOmZn Banin to tb» ®iioago distrtot* fhls acooxmte for tlwi lose la deposit* for Hie e tat# of Wiaoonsin over the $&®t 1W&» $hl& nakes a gain in ro*orvo* ffcr 1917 of $129*9M?3«3* « m & m% gain of A laargn put of tM*gain in m m m m i* tam$at about lay th§ fact that Hamfcor Banks ar© now r«<|ulr®4 to m m ff their total reaorroa with tho Podaral Boaorvo 3on&*

*S&jm3Li Iffi SHE. ♦.»■>» Off PBI!1?SB &SASBS BY MOKIZHS.. L916 ** 1917

..1917.._ . . .. J isii 1917 „ UM.

ilfawfflftxy 2,35834 mm tOy 6,503M 77mFobroary It4l2 mm August 4t397 968laroi* 981 m SGptofi&ar 3,018 3*066April 3,069 457 October 69U3 1*031’Jay 3,660 618 Ifovesnbor 10,483 039Stm 8,827 748 Bmnfetr 7,728 860

Bally asronkg# for tii® yoar 1916 704*000.Dally averag© for tho yoar 1917 4,946,000*


total capital efcocfc at the close of business Daeeralioy 31# 1917 #2*612*450*00 B%Mk im&mm proved md verified wit& gomiral Xa%»r*

FAMtmmms of c&i>mL stem mr> m tm m m *

State ie# of BankaStockHold M*# paid to

3mm 30-16* m&* m i fca i m » i ? Total DiT* paid to SMU 31.1917. AMichigan 33 139,700* 11,154.17 ia,uo.u 23,304*32H&t iatnjijii jhl^» jffkmXWBmm&Wm m 1,042,030* 130,359.62 240*993*3®

116 322,100* 20*813*07 24,665.49 45*473*88t* Bakota 162 260,230* 20*172*88 22,686.78 42,838*43s* Dakota 128 227,100* 18,687*12 19,440,43 36,012*53Wisconsin as 12X.2S0* *22*196*01 I0.74S.71 352,940*72Totals 773 2.612.450.w nF^y 'w 820,066.06 423*595*9®

* Mvideiida paid to iyieoo&slii tanks tfkioh wire tiMefswed to the

Chicago District are iacludod In the .ibove figures and amount to #13*332*89*

fit® total capital itode at the dose of business Dooeober 31t 1918 m e £2*608*900, and tlm total number of stockholder© 760* On Jamary Bt 1917# 52 fieofltwim tank** with capital stoofc sootmting to #229*400*, were transferred to the CMoa^o District leading a iota of 708 stockholders with capital stock holdings m m m U m to |2*3?9*500* fhie sa&ns a gain for the | W 1917 of 65 stockholders and $232,950* in capital stock, or a not gain over December &* 1916 of 13 stockholders and #3,580* in capital stock* She aiost icfcioeoble gain in m l w of ©tocMiOldors is the State of Montana with a not gain of 41, and the state of Minnesota shows a not fain of $137*700* in capital stools*


■MMtWB Of im 8B8B8AL BE3®?S M M Offob q b m o m of m ?

ToKal

Bill* $t baxtfrtiMiXIs &i*0otmt»& • Mackareand Fed. Res. BanksAeoeptceuMMi bou^s is* ©pas* aark®t

I O&tBKliitt}1U« s. Ban&s sm& $*•**»? notos,Hemielp&i i sarimts'

•Zramt&r ~ t#t earningDaficicmt mmrm pamltl®* (iiujlu&ijagSundry profits

$0t&l Bawxiis i . . * • « •j j j

Coat of FfBc^ia^r (p r*®8®SB WSNt WSSB§ SJEtolUdjtir &&* wassaee* fa«w»««ni &ts*!Cost of ftamitara and eqalpnotttt

l urnl tui’S Hi ? IxttU sMachiaasOthar

Total oo«t of fooroltaire andequipraamt. * * • * # » * * . * .

41f243,6B38*368*tl

103*98

&9m u w

1st | 1*296* J#S 2f98S*22

Stetol fir

1*369.62

1#573#8S60*67

AOwtti S JJBfflNp Jan^ L M 7

3 H f;575*S4

4,479.6245,902.634#4C7.909.435.95

?ot&l Oiuoa 3agul*mf

3a*<m*a0

4,765.018,541.47JUi

‘aarlcdJgWP* * ¥ llJJULi....

m 9m * m

69,266.4934#26?*0$23,538.51

SOt&l 6M»»

2,810.80 X4.69I.06 66.Q6S.2S

Mrldanfl* ocaniad also, sad of lost illvldond period to oad of Beosobar 291? - $220,068*08


CURHI1T EXPENSES OF THE FEDERAL RS8HRVE BANK OF MI1IEAFOLIS FOR THE MOHTH OF DECEMBER 1917.

TotalforMonth

Totalsince

Same Period

.. -.2IM. _..I. EXPENSES OF OPERATION. Assessments a/o expanses F.R.Board(monthly proportion) 905.38 10#190,14 8*963.07

Federal Adviaory Council (fees andtraveling expenses) 0 150. 743.50

Governors•conferences (including:traveling expanses) 163.41 634.66 1*391.56

F.R.Agents1 conferences (includingtraveling expenses) 113.90 417,39

Slaxiaa: Bank offioers 4,150.08 37,101.38 36*634.93Clerical staff 4,515.49 31*935.78 , 39*376.59Special offioers andwatchmen 115. 1*668.80 1*311.30

All other 815.90 78.directors* fees 350. 3*740. 3*100.

Per diem allowance 70. ©40. 990.Travelioi expenses 147.S3 1*506.36 1*485.86Officers1 and clerks1 traveling

expenses 361.87 1*144.55Legal fees 135 1*500 1*500.Rent 471.67 5*680.04 6*955.04Taxes and fire insurance 10.40 74.44 0Telephone 406.80 1*030.89 568.30TelegraphPostil*

83.89 898.50 399.101*794.69 6*551.63 8*156.55Expressage 599.53 5*030,36 533.94

Insurance and pram luma onfidelity bonds 530.49 3,069.71 1*731.39

Printing and stationery 1,958.53 7*474.63 6*197*93Repairs and alterations 838.61 1*367.33 719,47All other expenses*n.s.including

exchange paid .1,393,.80.. ..Total expenses of operation 18*388.16 134*334.03 105*355.30Liberty Loan Campaign

adjustment...

II. IOT1 ISSUES.Cost of Federal Reserve Currency issued

by bank during month (including expressage* insurance*etc) 3, 893,33

MlsoeU aneous charges a/o not®issues (including taxes on Federal Reserve B**% note circulationIII. DEPRECIATION CHARGES.

Furniture and equipmentTotal currant expenses

154.69

400i

43,381.30

1*354.53

4.800,35,535.1? 173,631.55


gammm- of(&k&uded in cui*m& <mpmxtto)

?Wlffl ‘TlWiiliWTn80*50

■®0WrtWN0ft Mtft Aft SMw&tfyfyyffl | fTfflf'T SSMB i#4?&*n

#PR|W(f'fP--lFTw mo*oo» P w P f P P l r

m m trn II^MMi< m n ^ m & 'm w n & k M M *^mwllssg I$8Mlfll

3?tal«*»***««*«»#»»+*****•«*** b^ sg*! M-©si*7ap*Pf.j|P 'V W'w *"

8


smjffiis aPAaKHRf, m m & hbssrvh a m as um m zotis

M. ft lT TTtlT lm BmPfim fojp of 1917#

Stotal £or Total aiaoo Jim.3Umy

1 SECTSES Ofr (0SBI9101#Sal&ria* t Clerical staff M ^ o e 83*799*00iwBXl# a6ofoo 3,000*00

fix"© iRffttfliXlOO 6*00 SQ#00M U rpSi©» 5*00 48*00Bostag!* 1* 150* 00 Jfc |*| rtfjtfc MHMitfwJiii

ppfltotyffim oa fl&illtjf bo&dte 65*00 656*00BptoSiteB s fc&fciotiisxf -U6*1Q 4*180,7?4|;1 0thd2* $Xp@ElSd8t 69.65 m ^ m

$9$ftl fiaQWMraHS Of Op®P&tiCfltt 4*948*09 41*361*13

ix# m ^ m o m i m m m m *

FttnR&tan •qta pmat 315.00 3*100*00

tDofc&l dis'bursajsonis 5*5860*89 44*461*13

m » w m i m m m m *

mrrto* c&harge#* assaaxsr basic** 3*330*80 32*021*16Sarvio© aharg«sf ot&ar Fed# Bsaarra Bank## a#10S*14 £0y54£*B4

ofeal sorrlo® €&w®M 6*438.94 53*363*40»*l* *•>** m pwmrvlm m w m * paid othwr F«d* M m r m 3saHti 603*73 2.772.714PWPM p m ww** 9 •»

4*832*21 60*800*69


k U LJLi.I, I,.k SLiJUU

Fiuf imi.■uubaorlp tloiia 67,780,450*Allotments 49,509,050.Slid OB Allotaant* 4a.S0Q.lBl.B&laaoa due from subscribers 8,669*

P*llaoi»«nt »ab«crHmr».

Qaltooua State Bank, Mlanoapolta, linn# Waltsr Mallory, St.Baal, Minn*W. p# Xroasaln, MlsnaapolU, H ub* Iftnoan 3tat« Bank, Kraalia, Moat* First 3tata 3asfc, Bovbella, I*D*Coulaa 3tata Bank, J3oulea, S.2. tfortuna itata Ban*, fortana, f*X>*S. A* Randolph, Soraaton, &.I>*In t3 rat ate Bask* Saatiaal Butta , $#i>* Undarwood dtata Baafc, tftidarwood, I.D* L. f* Barsa, Saalt St#* laria, Oa&ada

Sapfid3aba«srl»ti®&a

Z $ laid

Balanoa... .ml...

160. 3* 147*60. 1* 49*100. 2* 96*400* i* 392*

2,300* 50* 2,400*1,200* *4. 1,176.100. 2* 98*60* 1* 49*

2,600* 60* 2,460*1,600. 30* 1,470*600* 10* if,Ck

8,869#

Bonds rood* from Traaaasy Dajartment 32,174,300. Xtelivarad to stibsorifears 29,142,600*3arr@ndarod for oonrarsion to *% 2,315,700.

Ixitarla Certa* rood, from £raaa.i)ept# 62,869,900* DaliTurad to sabseribars 49,600,000*Sarrandarad for oouvaraioa 10,233.500*

aSQCMB LOAff.Sabaoriptiona 140,601,060*Allotaaata 131,763,950*Paid cm Allotaant s ..............Balanoa dm froa aabaorlbara 19,104,946*

Bonds recatrad froa Sraaaauy Department 63t600,000*Dallv rad to subscribers 41,916,900*Surronderod for ooavaraIon to 4 10,233,600*


z t w L j m

Postag®Printing A Stationary PublicitySalariesft 1 •$'!»«# £ fimvtliag £xf-»n«t»

£x£*a«t for

100*00

1,26 *16

10.5$

fdtal tftj-ftfit*

4,740.2813,ff4*4©5,131.12 1,564*00 17,514.42221.96 934.52

1,531.10

JUMQwrvd Iron.JmwuaJtelt

1,372.81 45,436.80 41,340.79

jsism JAIL-S$»ij«#iit 623.69 1,016.16fspr*Mag* 31.93 318*10Foatag« 233.90 3,511.03Printing A Stmtiensry 1,122.64 15,540.64miititjr 325.54 13,069.69R*nt 313.33 885*66Salari»8 5,426.17 16,243.12f»l§l>fton» 4 T«l»gr&jh 337.06 1,352*19Trawling X*$»&s*t 367*a# 2,579.09Mi8C3ll%-.«oua 1,136.35 3,365,93

9,958.47 53,783.01 18,870.29

Xdvmevd to Co&ftitt*** • • . Liberty tmn Ixf«A«t, For® 34

IAR 8AVf Qg

Sai-ariaa 139.1$ 329.16

Vouch&re #tSll ____

4,Go6*01

47,«U.72

___ u m mIff, m l n

329.16


m Allot.b. tm t«

(o* B®#W>. 1 Q W to

scon♦tt

• It©* S&tMl *»* t® dofe« Allots# an%*

5d04

9910

Si

S«rpt I f

gg0,000*

1*0§&*00O*

#

-*000*lfOt§00* 178*000*

mtio.ooo,

io

i

qrfiA AIKI #«V|WV«£0*000*

eei.ooo.

i t 496,000.IT

smooo,

1#0W_0©t« 18 1*101*000* O0t 14 840*000*M m m its,

is

mtm

m

80*000*3

180*000126,000* s 188*000

180*000.©& 888*000

70S,000* 1fyt

*040*000i*t 08*000. 1

38*176*000

600*000*If

@40*000liO*000* 180*000

7

T

I

II

710

ii

420

£2

11

*

»

*000.

478*000* *000*

0

1

f1

000,

1.140

1,660,000*

1.463*VW«

*000*

.000#

i

14

§§0.000#

1, ♦

000*

8.000*000,

4

*twvv«

2,800,000*800*000*

f

1

8* 000* 000*

3,450,000*1,000,000*

8

S1

1

1

8*000*000*8*000*000*

4,600,000*8*400*000#6,200,000*3,700,000*8,025,000*8*000*000*

7*000*000* §*§41*000* 8*808*000* I*4

1

46

418283

10t

41

tm

filiml® 4*891*000* 4,413,000* 8*878*000*iff 18f

8, T,* ^ . * w ^ * f*v*O*O00* 14,S96,^w*73 24 If

• * * * * # * * ♦ ' * * - * # * * * * - * • * * # * * * • * ♦ # * * # * * 47,814,000, SRt&S&XllNHMI & H |p?#'S|>0 * * * * * * * * • * * * * * • • « * * * • * • • * • * • * • • • • 1236


AVEB&OH mOW? 07 EACH CUSS OF KAHSIBO ASSETS

im.n BY THE WTiHir. BESB8SB m y OF JQHHEirQlIS S m tim S AHD BATES OF EAEH'TIGE (LESS COHHiSGIOBS) IHT.KBOR FOB 5ES i&jrm OP SStJUUBR 1917,

Atoxi i during As? i&Kft39>l

Bills Disootm'fcod «* SsasbiBPW 6«223t70Q* 30.926*53 4*414w ( | W 4 W VI

A00fif>t&tt£i6fl 9*600*200* aa*366*m 3*476

0* s* Boaaa aaA somiritl©» 3,,m tsoo. f9m *m S.33&

cmioli&l VasvttKli 25*400* 102*92 4*m

Eddleoomtft for other M m l Bosom Bonlca 4*356*600. 10*417,38 2*616

atT.R3fl.lflO* 76*345*96 3*681


AVERAGE HOLD!SOS Or EARSIHO AS3ETTS ST U08THS.

Bills Dis- oountad

Acospt-anoas

B?S.Bonds & from. Warrants Total

Janu ary Fabruary MarolJ April 1Jay Juno July Aug. 8«pt. Oot» tov,Dao. __

1,309,2003.318.4001.511.400

5,002,5008,704,900

10,301*70013.370.300 13,433,SOD8,319,100

13.687.300

6.435.5008,786,0005.833.500S ,387,3004.149.9001,371,800

744,6001,410,7003.238.9003.483.6008.740.600a.flSiijjgft,

3.101.3003.396.1003,665,5005.188.3005,306,2005,131,0003,639,9003,364,6003,649,7004,363,8003.851.1005.314.300

550,500539,100330,600176,700173,90026,300

1,40011,50035,40035**00

11.833.30013.167.60010.331.00013,375,10014.634.50013.533.00014.576.30017.045.60019.303.50016.168.30035.314.300

Avarago 1917

Average 1916

7,370,500

1,363,400

4,703,100

3,154,300

3.833,400

3,016,300

153,500

1,351,300

16,060,500

7,689,400

AVERAGE RATi; OP EARSISB8 87 liOSTHS OS ABOVS IW2STED TOHDS.Bills Dis- Aooapt- U.S.Bonds Warrants Totaloountad for anoea & Traas.si a® bar© Botes

January 4 *494$ 3*845$ 3*583$ 3 .0 8 7 $ 3.034$February 4.363 3*933 3*794 3*931 3.163March 4*611 3.153 3*557 3*934 3*305April 4*130 3 .0 3 7 3*378 3*700 3.979M&f 4* 158 3*386 3*303 3*678 3*301June 4.047 3*187 3.409 3*60 3* SISJuly 4.305 3 .0 6 1 3 .6 0 8 0 3*831Aug. 4.465 3.938 3*548 0 3*974Stpt. 4.483 3*170 3*698 3.311 3*935Dot. 4*358 3.079 3 *-749 4*887 3*683Bor* 3*339 3*307 3*705 4*773 3*493Dec. -..... .................................. .......................3.4M- — 3 a 533 4.771 3 • 539AVCr&g©1917 4*33 3,15 2156 - 3.91 3*50Armm®

1916 4 .0 0 8*33 3*33 3*75 3*79


J&mber hank Aooept-asusse U.3*B©nde - .4 motes.. Warrants Sundry ....Xr&fLtft... _

Xotal

Jan. 6,906.19 15,519.41 6,804*45 1,396.71 1,495.11 32,110*87Pali. 7,4X7.12 15,225*30 5,692*49 1,185*70 1,789.75 31,310*36Mar. 6,918.52 15,591.46 5,788*22 796*47 2,999*35 31,094.02Apr. 8,554.49 13,404.23 10,143*05 391*80 1,578.24 34,081*81l&y 17,984.40 11,933*80 10,181*64 400.34 2,683*87 43,184*05June 22,301.49 4,379.74 10,141*34 54* 3,075*80 39,952*37Jaly 37,659.72 1,935.99 7,819*06 0 1,997*09 49,421.86Aug. 45,747*35 3,507.85 7,281.98 0 3,288.84 60,826*02Sept. 45,762.64 8,414*58 8,093*96 4*26 7,958*64 70,234.08Oot. 30,791.24 6,492.01 10,111.21 47*82 11,246*08 58,683*36Hot* 40,069.83 23,757*40 8,750.48 99*60 11,158*20 83,835.51Deo. 41.243.85 _ 28.368*91 7.128*28 - 10t*M_ JL6.745.17 93.569*132otal 311,376.84 148,530.68 97,936.16 4,479*62 66,016*14 628,338*44

.m y .......___Avorage monthly earnings for year ££,361*53 19,842*39** » expenses ** ** ............” net profits per taontfe ” H 37,893*07 10,515*90» a noant of dividends per month for year 12,225*28

Average monthly earn Inge last half of year 69,432.50 26,430*84»» w expenses ** ** ** ** ....UJUdft...JMttalL-M net profits per month last half of year 50,651*38 16,781*41

Average cost per monthIbr Fad. lies* Kotes 3,531*77 822.17Hate per oent earned on oapltal stook for year 18*12 5*16


m a n y a n Loaa Aooomre i 9i 7

y»d»r»I aw.rr. Bufc o* mnnMnoif.

Oroaa Earnings for 1917,From X>iaoouat8~-l§M8feer8 and Federal Beaarve Banka f 311,375.84frm Aooeptanoea 148,880*68fro® Hal tad «Hataa Neurit lea 97,986.16froai iamnti 4,479*62froai Interest oa fraaafera Bought and **>ld 48,982*88Fro® Penalties Dafloient Seaorvea 4,467*80Fro» 3undry Prof 1 ta 9,488*98-froa aanrloa Cfeargaa 6ll29.86 , c

Total.... ........ *............... ........ ............. . . $ 628,888*44

Expense of Operation of bank propar f 128,088*73 Coat of Federal Eeaarra Ourraaogr issued (includingexpress, insurance, etc.) 42,881*80

Miaeellaneous charges &/o note iaauaa 1,884*82Depreeiati'n on furniture and equipment (§400* par jaoatti) 4.800*00total...............................*.... ..............................

Bit parsings for T w ....... ......... . 484,716*89Profit and Loss January 1, 1917 • •....... ........ ........... * ... M M hJf,

Total ..........*.... ....... ............................. . #499,288*16

Laaa the following ltema oharged offiDifference of aooouatBalaaoe of ftiraitttre and fIxturasDepreciation on VaultReduction of Boada to Haricot ValueEeeerred for aferaaion on Oold

18*8782,864*284,000.0018,000*00

&M R U N L

ATalUbl* for SlTldmda .#441, 1TB.64

BlTtdands p.lliOat* p»14 Jan. 30. 1917. parlod oororad July 1, 1916,

to Jon* 30. 1916,Data paid 3e*emfeer 29, 1917, period covered J&ly 1,

1916, to .December 31, 1917,1st eras t paid oa stoak surrendered Paid Federal aaaerva Bank: Chicago to adjast book

value of wiaoonain banka traaferred

Balance Profit aad Loss January 1, 1918 ............. | 78,187*18

1*?

148,821*01220,088*08

18*13


Month Suabar of Salaries Average __________________ ft&gEMBI ? & * ■ * _________ Salarla,May 10 332.64 90.00June 30 3,110,06 70.33JUlJ SO 3,689.76 73.80Aug. 41 3,357.74 81.90Sapt. 30 3,588,14 86.37Oat. 51 3,530.40 60.03Sw. S3 4,530.87 88.88°so* ..-52______________ §A,gaa«ii___________

Totals . . 1 . . 314 36,150.53 83.38Bonus paid in Dscambcr ino ludad in abovs figures

fi,§85,i5Avar&g# number of dark® 191? 39 km xm ® monthly salary of clerks, 191? 163,38

9niQJ&l&MJ3kMo No.of Officcr©

ploytss S&X&riasOltrksSalaxi#®

totalSalaries

Racovarad frots fran*

t.sit dtpJan, 54 3,791.66 3,640.84 6,43S,S0 1,819,17Fab. 55 3,791.86 3,734.59 6,516.35 1,870,41Mar. 55 3,791.66 3,734.98 6,516.64 1,773,50Apr. 54 3,875,00 3,746.83 6,631.83 1*793,6?lay SO 3,875.00 3,817.89 6,693,89 1,840,63June 58 3*875*00 3,658.49 6,533,§9 1,630.84Jtely 8? 3,300,00 8,094,93 9,394.93 3,684.36Aug, 73 3,875.00 4,344.94 7,219,94 1,861.53Sept« 73 3,875.00 4,519,67 7,394.67 1,698,01Oct, 85 3,135,00 5,870,09 8,995,09 1,757.34Sov, 85 3,876.34 5,110.99 8,987.33 0,135.59mo. m 4 * 1 M * M 7,470.55 11.620.61Totals 803 37,101.38 55,734.78 93,836.16 33,799,00

Avtragt ml- ary officerslv?*r, 4W»108.48108.48m * i !111.58113.84138.73 98.90103.70105.83105.73

Bonus paid in JUly and U#ot®bir amounting to $5,311,13 included in above tabla.

115,60

Avarag* nwatbtr of officers and dark® 191? 6?Avarag© »onthly salary of off icers and dark® 1917 $115*60


suvmn or fdbkiwrs ash iquimiT ( iscuraiso vault ) ..MWHB..iQMt coats im mmcuno* sires opnire

furnifcurs mliaiinwtFor bank proper For transit 4a- pmttmnt VaultTotal /.***•**■«**** •

fatalPurchased$t2#X9a>oi

39,318.25

*. . * .« | 79,318*25

Charged offILJUU

32,364*25

JUSEsB.I 36,564.25

Balatiea Aaas&aial.,-

x#■Itaftgga-

$ 89*901.

oou> mtmnm or to bahk asb to vfeDflitL Hismvi aqsr01*031 Of BU3ZSS88 2K0SKBSR 31, lflf AS eOMPlBIO fO CLOSS OF DBIIIS^ 31,191*

Bank 1917(Jol* eoia Oaii CartilicatsaStarling gold aeaeaat Soli *aiti«®aist fund Geld :rtd#a$tla& fuiid

Agont 19X7Gold eoin 0ol4 Qvrtittmtm Oold fund&old r»dM$tlon fyndGrand total • • • « «

Bank 191$*#6$9fOQO* Sold fioia ?0#,000*8.371.000. 0ol4 eartificataa 7,S3t,OQO*3.100.000. o19,4-6,000* Oold 33tt2aE:8nt fund 7,064,000*

$3T,424,®00 Gold r»d«vUon fund „.J£»2Q£|i.I X5,S3t#OO0Ai®at 191$

3,000,000# Oold coin 3,000,000.10,102,000* Gold ft#rttll«ata» 1®,230,000.18,500,000* Gold sottltalttt fund 4,S$OtOOO*

LQQO If.f10.000 O ld fund.,. lfOQ4,.C*X\ >4M#OQOi * ................... $ 70,334,000 . . " * . * . * . • . . . 3**313*000

ATtragS HaXanea in Gold Sattloaont Fuad of tek during 19X7 «•*«••*$ ##44t,O00 Averts Salavat in Ooid Sattloaant Fund of Agaat during 1 17 * • . • 7#83$,000

fh# Xarg* gain in Oold Holdings aa rapraaantad -hf balanoa i& Oold SottXoaoat. Fund *a« built i»| i» !■ art by th® ahlpsont to mib»tremaury at Chicago of I 15,100,000 im Oold oariiflottos t r m this ba»k* Transfars for th# CMrornMat as wall m aaad of v*ult roam, wot* th® sain oatttoa for'-our afeippini> Our gala la gold eeia Mid eartiftoatan ©tar 191* ia $ #,100,000 leaking a total withdrawal of $ 21,700,000 la gold ®oia and dortlfiftatttf froa our own district banks. fha additional gain in gold r®pra##«t« thi Mt ol traaaatV icma with othar districts, Attantioa it also drawn to tfca fait -that unfit not#a of thia bank to thf m ount ol $ 9,000,000 woro charged against our Oold Haaaftpiion Fun a at faahing* ton during 1917*

All goXd aartlfiaataa ropraaaating funda hold at faahisgtoa for, tha FtdfsraX Easartw lanka and th# Ftdoral Eatanr® Agaata* art in tha ©wttody of tha fr i»ry Bapart i&ftfit aad so varifiaation la em&9 by tha Auditors @f tha Fodaral Raaarva Banka*


CAfff? HBCOBD FjSDEEiII* HBSEB7E B&iSC OW MXH3®U?01*XS

m m m m si* m ?

Co®i>art- Gold Gold Go*t* Hold Cart. Federal SilW &oata^ Ptito -Jfcfc*— * IfotQg

D 030,000#IS 010,000*14 2,000,000#10 4*775*000# 1*190*008*17 554*000*BO 100*000*22 45,000#23 1,180,000*24 430,000.m 1,195,000.u 1,240*000*27 1,535,000.

Sotsls 6,440,000* 6,775*000, 1,190,000. 975*000* 354*000*

Totals

830*000*010,000.2t000t000.5*9*6*000#354*000#100,000.45,000*

1*180*000#430*000#

1*195*000*1,340,000, 1,£85,000,15,734,000.

.pij3P~ r. -r gotala00Id CoinGold 0art# 3earor Sold €$rt* Order

Bd®# Hot#» S i l w Osrtifioat*®Bafcl & otls«r F#B#3Se notos

248*950*33*300#285.315*

9845,000#0*091*38

272*470#180*050#21*940*28*605*189*361*45.25

6*440*000.6,775*000#1,190,000.9EU0O0#

. 209*000*145,000.

&9m 9m .7,080,770*1,190,000.1*4£0*865.B3M®4*179*105169*381#£,136.61

fetal Cash 576,650.36 652,471.25 18*734*000* 16,963,121*61

OontJUmoiis iKidit Is Seopt on all cash In Bosarre ?smlt* th» Mditiz® Ifcpartaaant Holding the coKfolnaUon to tfoa grill door m the fesra tealt ©ad all In andout are ohmlm&t ffae pacing ®ad raceiirlng tollom oaoh m s vortfiod m Tmm&mr 15th*


I

z

3578

4

S930

E

flim & L BB3ERYB V0XB3 HELD BT AOW?

J& !* Jtt.* * J&lg. m i

SOM$601

1,04011

1,260lt840II 620M 910M

m

660M@0

1,0403,2701.280760

1.500M 29320M XfS40M 520M 910M 7,09011

1 9 M 1.

1*000111,00GM

5 f00031 1,240

X9000M29862

6,000114,1021,000

1,000

jusasL.3fooaii 6,24011 3y8621i 13,10EIC

ftodisoomit bold to secure notesAt Ag«nt« orodit with J?ed* Bes. BoardAt Agouti orodit in aedoaptlon JftmdTotal Gold heldTotal fed. Bosorro notas boldTotal F$d« Hoserra notea destroyed

total * • • • • • • » •lotes rooel'rad froa Controller to 12/3l/l7

18,893,062.1918,600,000.001,307,950.0013,102,000.007,090*000.0066,777,562.19

Excess with igoat 797,562*19


FEDERAL RESERVE NOTES ISSUE FOR YEAR 1917,

5's | Total 50*s $ TotalNew 9,700,000, New 700,000Used 3,000,000. $11,700,000. Used

100*880,000 £780,000

New 14,480,000. New 1,170,000.Used 0 14,480,000, Used

Total140,000. 1,310,000

New 13,960,000. New 39,010,000.Used 1,000,000. 13,960,000. Used 3,330,000. 43,330,000

10*8

30*s

During the Year 1917, a total of $39,010,000 in new Federal Reserve Notes was issued, or double the combined issue of 1815 and 1916* Approximately $10,000,000 of our note issue has been destroyed at Washington, There was a very material change in the denominations of notes issued during the year, 50$ more 10fs being issued than 5*s,and 34$ more 30*s than 5*s. The percentage of 50's and 100*8 issued was also much greater than in former years. Total cost of all notes issued during the year charged to expense, was $43,735,83. Had the percentage of notes issued during 1917 remained the same as previous years, our note cost would have been at least $10,000 greater. The notes of larger denomination were used in part to replace gold reserve held by country banks and sent us upon request. Total cost of all Federal Reserve Notes issued since opening of bank $73,303,15,

Under the present arrangement with the Federal Reserve Board, our order for notes to be held in reserve at Washington and in the Sub-Treasury at Chicago, is automatically maintained at $50,000,000, The table below indicates where our surplus notes are held and the various denominations:

Held in Sub-Treasury at Chicago.5 *s 10fs 30*s 50*s 100*s Total

|5,S00,000 $1,960,000 $1,840,000 $800,000 $800,000 $10,000,000Held at Washington (Prepared) or in Transit.

5's 10's S0'3 50's 100's Total$5,480,000 3,380,000 3,530,000 1,300,000 1,300,000 14,080,000

Being Printed at Washington.5's 10*8 30's 50's 100's Total

$8,530,000 10,330,000 6,480,000 300,000 400,000 35.930,000$50,000,000

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

laoord of fadoral Ijg im Iotaa raoalyad trm tha CoaptrolXar of tha CurransT

alnoe cpwilng cf Bank, Araottnta laanad, Ralaauad and Daatroyad aa if SjBgfeir 31, 19iy.

liSIS*.laealvaifp©aComptroller

Sattaraad ta Agontl&nfe

Isanad to

{*!«•>

Raieeuad toftftwViw9*y

Batum i fcf Agent for Baatractioa wa nmi

$ 19,700,000. 5,937,005. 18,300,000. 2,882,000. 8,055,000. 1,500,000.w 24,240,000. 8,470,000. 21,920,000. 775,000. 1,698,000. 2,320,000.20 30,240,000, 1,895,000. 18,400,000. 1,855,000. 640,000. 1,840,000.m 1,400,000. 140,000. 880,000. 130,000. 10,000. 520,000.

m 8.400,000. 180.000. 10.000. §10.006.67,980,000. 10,632,000. 60,890,000. 5,288,000. 5,410,000. 7,090,000.

Oor unfit notaa raturned to Traatmrar of ilia Uni tad Stataa

Our unfit notae retumad to.UOIflrOiiw

___ _

s

20m

m

m

1,809,005.•tt#5to*

374,000.0*

ISO.

1,005,560.6f¥,045.335,430.

8,900.

8,484,685. 2,039,425.

total notes daatroyad to, ,„ inn..

fatal aetaa in circulationif.1917 ■*..Cm h ,.immeiml.

5m

m

90ICO

5.569.565.3.223.565. 1,349,420.

18,900.

9,884,050.

la,980,485. IB,696,435. 17,050.580.

ati#ioo*

i ul>*4T..l4ifcSU 51,005,950.

o^ ,V.


STATKKSHT OF ACCEPTAICES HELD AT CLOSE OF BB8XSE38 DECEMBER 31,1917,

Federal Reserve Bank of Minneapolis

Hame & Address Am*t indorsed by banks

Am* t Hot indorsed by

banks.

Hew YorkAmerican Exchange Bank Bank of Hen York Chase national Bank Irving Hational Bank Mechanics & Metals Hatl Bk. national Bank of Commerce national ParkImporters & Traders latl Bk, Citizens national Bank International Banking Corp. Chsaical national Bank Merchants national Bank Bankers Trust Co*Broadway Trust Co,Columbia Trust Co.Equitable Trust Co.Farmers Loan & Trust Co. Guaranty Trust Co.J.P.Morgan & Co Hauaberg & Co. lew Tork Trust Co.B.Altman 4 Co.American Trading Co,Henry Peabody & Co.Goldman Sachs & Co.

BostonFirst national Bank national Union Bank Second national Bank national Shawmstt Bank Webster & Atlas national AKsr.Trust Co.Commonwealth Trust Co.J .P .Morris & Co.

Minneapolisnorthwestern national Bank

330,000

16,376.0175.000.00

80.000.00

34,700.00

37,600.

13.000.00

17,484.50

40,799.04

100,000.00 100,000.0033.000.00

18,137.36

17,736.1086,600.0045,195.33

117.350.33 188,670.31996.530.33

1,748.69

5,398.35

6,511.3450,000.00 7,300.00

575.46 8,308.33

93,965.43 383,847.13 313,174.54563,940.00

27,450,003,836.517,594.163,013.55

1,709,068.6530.000.00

138.800.00 109,118.60314.435.00135,000,0070.000.00

346,000.00

Total amt Liable as Ind. on acceptances of other Banks &Tr.CompaniesJBSSSSmtmmSmmm

319,098.

455,000.11,850.

16,376.01

4,033.00

79,378.30

583,179,43


Rama & Address Amft Indorsed by banks

Am*t not indorsed by banks

Total amt liable as ind.on acceptances of other banks 4 tr.companies

PhiladelphiaCorn Exchange Hat.BankCincinatti,Ohio Fifth-Third Hat.Bank

Fall River,Mass.Fall River Hat1.Bank

Fitchburg, Mass.Safety Fund Hatl Bank

19,058.

15,000.

39,473.91

17,314.30

Worcester,Mass.Worcester Bank & Trust Co. 348,000.00Merchants national Bank SI,530.04 103,713.

Providence, R.I.Merchants national Bank 348*000.00

Grand Total 1,481,038.86 5,685,638.90 1,385,087.93


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- 2 -name of : Tfaiaa of total imomitgown Bank... AsgduntmmmmaSSSSSSSrnmm

RediscountedNorthfield Horthfield national 15,000.00Owatonna national Fanners 50,915*33 16,098*94Plainview First national 2,292*50Rush City it 5,000*00 5,000*00Hnshmore » 17,145*11 5,568*53St* Charles « 27,543*05St* Cloud « 15,455.00 15,455*00n Merchants national 61,874*53 61,549*64St* James Cltlsexui national 22,944*09 21,594*76St* Paul Capital national 981,211*21 1,525,569*68*# First National / ^000*000*00

H Hatl*Bk* of Cornerce 439,290*00 378,290*00n natl* Exchange Bank 7®,000*00 75,000*00tv Peeples Baak 220,511*47 187,290*84

So * St* Paul Stoolcyards national 500,000*00 523,522*91Starhuclc First national 15,000*00 15,000*00thief River Falls n 15,750*49 15,730*49Waseoa n 16,944*08Wells t t 51,544*97 123,872*00Wllliaar » 50,000*00 100,000.00Worthington Citizens national 12,324*70 12,324*70Worthington national 20,389*44

5,457,200.49 6,380,736.81

imfcroseAnamooseBottineauBowsesi Carrington Bast Fairriew forge Garrison Jamestown «MarlonMarfflarth.MedinaMinotn

Hew Salem Header Rode Lake RyderSentinel Butte Streeter Tolley fowner turtle Lake Tan Hook Willis t^L Wyndmare

..

First national inaaoose national First national «

«nMerchant s national

____ mFirst national Citizens national James Hiver national First Sational

ntt

Second National Etoion national First national

First national

5,354*42 32,994*89 22,244*87 36,224.17 8,209*77 9,195.75 08,911.26 17*744*62 15,000*00 97,337.10 8,612.01 14,903.81 57,710*14 68,095*49 70,000*00 21,638.09 m ,785*5510,408*92 14,308*06 6,912*49 10,805*66 15,778*87 6,614*02 5,150*0o 42,831*11 5,046*00

728,864*57

9,052.5122,244*8736,224*178,209*777,354*0560,622.709,146*5630,000*0097,337*102,600*5710,343*697,980.83

104,774*5285,175*0016,717*9917,574*442,500*0014,508*066,912*4910,805*1615,778*376,614*0216,831.115,046*00

603,954*28O


name of name of Sotalfown SssSLm. AmountArlington First national 15,618*13Cartilage » 20,357*87Chamberlain Brule national 30,950*89Elicton First national 8,502*63Fairfax « 25,947*39Gregory Gregory national 32,026*67Heola First national 9,603*51Hot %rfags Peoples national 15,422*44Howard Howard * 5,758*76Kenaebe© First national 3,150*00Lake Preston Farmers National 8,914*42XiSQffion First Ha&icnal 8,90^*79Madison n 46,586*55n Lalce Co* national 25,445*00mtohell First national 61,572*80w Mitchell » 99,826*46n Western w 198,112.72Mobridge First national 7,538*77Scotland Com Belt national 9,sH*S5Sioux Falls Security national 70,000.00« Sioux Falls national 42,017*30M ” Savings Bank 50,000.00Wessington Springs First national 36,979*63

832,806*58

Ba&erBig Sandy i*BillingsBroadviewBrowningCarlyleCiit BankDentonForsytenBalatao|r««rGeraldineOx^at falls&4U.Q08'WiWiamHinsdaleHyshamiM im *JoplinLaurelkewistownMissoulaUnflT’qm

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Oaamercial Batl* Conrad frust & S*gs. Hlngham State Sasic First national

Citizens national First national

Bk*

11,085.19 44,371*98 5,000.00

103,264.94 8,946*69 13,177.3?6f997*73 34,713.06 6,204.72 15,773*79 27,816.67 14,811.75 9,976*64 17,890*16 19,431.25 102,820*335,279*5515,976*451,323*099,900.1710,804*4710,039*8260,262*7831,197*103,146*80

imountRediscounted

18,069*8730,950*8925,947*3910,490*85

5,758*763,150*008,912*428,902*7927,879*2825.445.00 76,572*80 99,826*46278.230.00 3,849*31 9,361*8535,017*3023,688*00

692,254*97

8,615*67103,264*9413,177*375,939*129,344*175,776*5311.805.00 14,811*7516,676*50 18,406*31 20,000*00 3JS5f 767*66 5,279*5510.604.009,900*1710,804*4710,039*8230,000*00


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SllIt Bleeoaistid Member* 7,022, 33§*7B 1 , 551, 902*75Keetber Bank Coilateral Sotos 1,059,992.00 333,200*00Aeeepteaee* Bought a,iff,9t«*$iRedleeouitt® lor olher Fed. Ret* la»k* 4,988,121*33U* S. Banda awrs$d 1,$87,990*00 3,448,340*00

» tee 1,340,000*00' 700,000*00Munielp&l Yamnt* 35,380.00 569,164.72Bill of UdiBs Dr^fte 960,7§a*32Preatiuii* or 0 . S. B.-nde ■36,3^7*S5Internet escrued II. 3* Band* & frea§*Hotee 17,$41.63 15,601*73U# S* Certificates of Indebtedness 500*00

£x| 9&s« Currant 112 , 686*71 57,896.56

0ott of tfaiesuod Fad* Re*. 13,915*43 16,395*18Otlier deferred eh*rge« 2,127*12 1#3§0*00Furnitoire and equipment 66,06S*f§ 59,274*19Overdrafts Member B*afc» 2,972*41Dltfe»re«M»nte Transit Aeeont 44,461*13Sspeiiee liberty Loan S3,ft7*73S*peii*e far Saving® 329*16Blfftr^RC# lasaunt 1S.37

Du® fro® othar Fm* Re«* 8eitk*»eolleeted fundi, 11,283,053*19 3,$}S,9?7*0fCh9Q%® m i oth^r e*eh items 599,179*46 C65,17::*30Due fro® other Fed* Bee* Bmnke-uneol 1 ect@ i fund*, 1,964,552*53 540,005*5$Defirrai Debite { fraaslt Aeemutt ) 3 , 061, 947. 4a 2,641,779.14

latl Bazik mot# a and m tee of cither Fed* Res* Bamke 163,361*00 • ia,ioo*oofederal Reserve no tee m hand 1,420,865.00 2,374,585*00Xu til* to 3 Fed* Ree* aotee forwarded for redeeptlo» 171 , 000.00lickels a&4 cent* 16*61 5*47

Gold Settl@»ent Fund 19,486,5®0*GO 7*064,000.00Due fro*. freae* U. S* Redemption Fund ( F.R* notee ) ' 878,225.00 30,000*00®o!d Bullion and. coin 6*688*960*00 906,437*00Sold with Federal Reserve Agent 32,909,950.00©aid eertlfle-itti ' including C.H.Ctfe# ) 8, 270, 770*00 7,§39,150*00Silver * e e 231, 924*00 73,882*00

Legal tender notee * * 179 , 105.00 105,535*00Silver Cols 2,120*00 1,130.00Sterling Oold Aearmd ( Ba&k .f,l«gl«nd ) 0,100,000*00

fatal Reeource* 114,181,528*94 37,545,351*6$


Dec .31.1317 Dec.30.1916

Capitol paid laOapl tal-sjuspenee AooountProfit & LostBisootmt earned on B/D other f.H. Banks

« « * B/J> Jisahers * * * * * * Acceptance* bought

transfers Bought & Sold, lot Charges Interest earned on warrants

** *» » u.3.3eouritles ** « » Bixi of Lading drafts

Sundry profitsDiscount m U.d.Bonds {Unearned discount - %/t> othor f* a. Banks ** * - B/D Members

* * * * * Aooeptanoee bought ** inters at - gaalolpal warrants

Service charges, not Difference aooountU*S*9oveniaa«it Deposits £Kbt to asnbor banks ~ Reserve aooount " ** other f *H. Banks-CoXX eoted funds CashJsr’s checks Expense cheoksfederal Reserve Bank and exchange drafts Bus to non*aogber hanks* " f *H.Barfes-unoolleoted funds ** * Member Banks - ** «Liberty Loan Suspense aooount Withhold for fedora 1 incoae tax federal Bo servo notes outstanding

# 2,6X2,450*00 2,608,900*007,700.00 800.0049,363.56 1,572.6910,417.32231,667.31 39,343.4672*476.74 40,675*7535,117.68

254*60 16,397.3949,184.97 40,998.466,585.074,610.36 21,169*955,682*59 22,584*7424,593.1562,861.94 11,218*4116,814.80 22,814*81

6*21 2,787*7650,590*69

8.978,716,529.47 686,487.5139,347,899.01 29,477,242.008,449,634.85 4,847,186*56

27,626*37 8,284.613,862.10 2,895.645,421*9668,610.00

2,069,429*731,092,716.30163,096*52

176*2861,006,950.00

Total Liabilities * .114,181,528*94 37,545,359.68total reserve oarrled 85.9 57*9


1917 directors frb minneapolis

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