Geneva receives a proportionate nonliquidating distribution dating the calendar

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— Directory of Federal Reserve Board, Federal Reserve Banks, and Advisory Council 188-191 CHARTS. But, owing to the growing volume of our exports to Europe, balances shortly began to appear in favor of this country. x Casjh WTiile there has been a notable addition to the gold holdings of the banks, there has been an even greater proportionate expansion of de- posits and of loans.

Federal Reserve notes issued to banks by agents 44, 45 Assets and liabilities of Federal Reserve Banks 58 Cash reserves of Federal Reserve Banks and cash holdings of Federal Reserve Banks and Agents 59 Earning assets, by classes, for each Federal Reserve Bank 62 Deposits and cash reserves held by commercial banks in the United States. 192 in Digitized by Vj OOQ IC ly TABLE OF CONTENTS. — Reports of Federal Reserve Agents to Federal Reserve Board: Page. These balances have increased at an unprece- dented rate. The investments of banks in stocks and bonds have increased during the period from June 30, 1914, to June 30, 1916, in the sum of

— Directory of Federal Reserve Board, Federal Reserve Banks, and Advisory Council 188-191 CHARTS. But, owing to the growing volume of our exports to Europe, balances shortly began to appear in favor of this country. x Casjh WTiile there has been a notable addition to the gold holdings of the banks, there has been an even greater proportionate expansion of de- posits and of loans. Federal Reserve notes issued to banks by agents 44, 45 Assets and liabilities of Federal Reserve Banks 58 Cash reserves of Federal Reserve Banks and cash holdings of Federal Reserve Banks and Agents 59 Earning assets, by classes, for each Federal Reserve Bank 62 Deposits and cash reserves held by commercial banks in the United States. 192 in Digitized by Vj OOQ IC ly TABLE OF CONTENTS. — Reports of Federal Reserve Agents to Federal Reserve Board: Page. These balances have increased at an unprece- dented rate. The investments of banks in stocks and bonds have increased during the period from June 30, 1914, to June 30, 1916, in the sum of $1,211,644,754. Whether a book is in the public domain may vary country to country. Shipbuilding on the Pacific coast has developed with great strides, 30 per cent of the total construction in the United States now being carried forward at Pacific coast ports. Table 11.— Go W settlement fund— Tabulation of transfers for calendar year 1916, [GOO'S omitted.] For aoooont of— Boston: Special transfers Settlements New York: Special transfers Settlements Philadelphia Cleveland Riofamond Atlanta: Special transfers. Louis: Special transfers Settlements Minneapolis Kansas City Dallas: Special transfers Settlements , Federal Reserve Agent Gold deposited through assistant treasurer of United States, San Francisco Misoell BDeous Total. SI, 885 108,871 33 221 30 847 10,807 564 1,064 922 8,820 8,100 128,880 We credit fund. %i,m 8,808 8,886 1,008 10,989 6,154 444 10,371 51 9,0» S, S80 4,170 W. — Federal Resettle notes issued and redeemed by Federal Reserve Agent during 1916. Public domain books are our gateways to the past, representing a wealth of history, culture and knowledge that's often difficult to discover. In shipyards of San Fran- cisco, Portland, and Seattle 74 vessels are now imder way, averaging 5,858 tons each, compared with 356 vessels averaging 3,050 tons each, elsewhere in the United States. 1 Mayl June 1 Jolyl $622,906.79 872,8ia07 1,240,602.46 1,482,850.03 1,723,802.40 2,190,104.02 5,280,131.11 1910. 16,258 10,035 8,841 4,110 1,029 1,415 21,700 0,718 1,528 11,205 747 12,840 26,480 4,170 126,271 Net. Public domain books belong to the public and we are merely their custodians. Charter rates reached their highest point during January and February, 1916, about double those of a year before, and have fluctuated but little since.

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— Directory of Federal Reserve Board, Federal Reserve Banks, and Advisory Council 188-191 CHARTS. But, owing to the growing volume of our exports to Europe, balances shortly began to appear in favor of this country. x Casjh WTiile there has been a notable addition to the gold holdings of the banks, there has been an even greater proportionate expansion of de- posits and of loans.

Federal Reserve notes issued to banks by agents 44, 45 Assets and liabilities of Federal Reserve Banks 58 Cash reserves of Federal Reserve Banks and cash holdings of Federal Reserve Banks and Agents 59 Earning assets, by classes, for each Federal Reserve Bank 62 Deposits and cash reserves held by commercial banks in the United States. 192 in Digitized by Vj OOQ IC ly TABLE OF CONTENTS. — Reports of Federal Reserve Agents to Federal Reserve Board: Page. These balances have increased at an unprece- dented rate. The investments of banks in stocks and bonds have increased during the period from June 30, 1914, to June 30, 1916, in the sum of $1,211,644,754.

Whether a book is in the public domain may vary country to country. Shipbuilding on the Pacific coast has developed with great strides, 30 per cent of the total construction in the United States now being carried forward at Pacific coast ports. Table 11.— Go W settlement fund— Tabulation of transfers for calendar year 1916, [GOO'S omitted.] For aoooont of— Boston: Special transfers Settlements New York: Special transfers Settlements Philadelphia Cleveland Riofamond Atlanta: Special transfers. Louis: Special transfers Settlements Minneapolis Kansas City Dallas: Special transfers Settlements , Federal Reserve Agent Gold deposited through assistant treasurer of United States, San Francisco Misoell BDeous Total. SI, 885 108,871 33 221 30 847 10,807 564 1,064 922 8,820 8,100 128,880 We credit fund. %i,m 8,808 8,886 1,008 10,989 6,154 444 10,371 51 9,0» S, S80 4,170 W. — Federal Resettle notes issued and redeemed by Federal Reserve Agent during 1916.

Public domain books are our gateways to the past, representing a wealth of history, culture and knowledge that's often difficult to discover. In shipyards of San Fran- cisco, Portland, and Seattle 74 vessels are now imder way, averaging 5,858 tons each, compared with 356 vessels averaging 3,050 tons each, elsewhere in the United States. 1 Mayl June 1 Jolyl $622,906.79 872,8ia07 1,240,602.46 1,482,850.03 1,723,802.40 2,190,104.02 5,280,131.11 1910. 16,258 10,035 8,841 4,110 1,029 1,415 21,700 0,718 1,528 11,205 747 12,840 26,480 4,170 126,271 Net.

Public domain books belong to the public and we are merely their custodians. Charter rates reached their highest point during January and February, 1916, about double those of a year before, and have fluctuated but little since.

,211,644,754.

Whether a book is in the public domain may vary country to country. Shipbuilding on the Pacific coast has developed with great strides, 30 per cent of the total construction in the United States now being carried forward at Pacific coast ports. Table 11.— Go W settlement fund— Tabulation of transfers for calendar year 1916, [GOO'S omitted.] For aoooont of— Boston: Special transfers Settlements New York: Special transfers Settlements Philadelphia Cleveland Riofamond Atlanta: Special transfers. Louis: Special transfers Settlements Minneapolis Kansas City Dallas: Special transfers Settlements , Federal Reserve Agent Gold deposited through assistant treasurer of United States, San Francisco Misoell BDeous Total. SI, 885 108,871 33 221 30 847 10,807 564 1,064 922 8,820 8,100 128,880 We credit fund. %i,m 8,808 8,886 1,008 10,989 6,154 444 10,371 51 9,0» S, S80 4,170 W. — Federal Resettle notes issued and redeemed by Federal Reserve Agent during 1916.

Public domain books are our gateways to the past, representing a wealth of history, culture and knowledge that's often difficult to discover. In shipyards of San Fran- cisco, Portland, and Seattle 74 vessels are now imder way, averaging 5,858 tons each, compared with 356 vessels averaging 3,050 tons each, elsewhere in the United States. 1 Mayl June 1 Jolyl 2,906.79 872,8ia07 1,240,602.46 1,482,850.03 1,723,802.40 2,190,104.02 5,280,131.11 1910. 16,258 10,035 8,841 4,110 1,029 1,415 21,700 0,718 1,528 11,205 747 12,840 26,480 4,170 126,271 Net.

Public domain books belong to the public and we are merely their custodians. Charter rates reached their highest point during January and February, 1916, about double those of a year before, and have fluctuated but little since.

Maintain attribution The Google "watermark" you see on each file is essential for informing people about this project and helping them find additional materials through Google Book Search. Keep it legal Whatever your use, remember that you are responsible for ensuring that what you are doing is legal. The advances in price, which have been considerable, have been largely offset by increases in the cost of labor and of supplies, so that it is doubtful if the pro- ducers' margin has increased. 1 Mayl Junel Julyl ,807,748.00 16,889,802.10 13,388,019.40 14,033,806.40 11,061,336.90 17,726,621.86 17,442,282.16 1910.

Marks, notations and other marginalia present in the original volume will appear in this file - a reminder of this book's long journey from the publisher to a library and finally to you. The Union Iron Works of San Francisco, which is now building the lai^est ships, has under construction 28 vessels of an aggregate tonnage of 175,028.

Usage guidelines Google is proud to partner with libraries to digitize public domain materials and make them widely accessible. 10,846,600 67,490,350 9,802,700 3,600,000 9,079,300 11,914,060 5,440,090 7.092,950 9,382,000 13,067,000 8,624,750 6,440,000 ,646,600 61,967,800 7,854,800 8,840,000 10,067,700 12,817,800 760,000 8,022,940 8,215,000 8,126,000 13,675,400 3,360,000 8,200 33,238,400 6,510,200 5,440,000 9,264,400 10,480,980 2,720,600 5,692,160 5,605,000 5,312,000 11,606,600 5,200,000 2,000 3,802,450

Maintain attribution The Google "watermark" you see on each file is essential for informing people about this project and helping them find additional materials through Google Book Search. Keep it legal Whatever your use, remember that you are responsible for ensuring that what you are doing is legal. The advances in price, which have been considerable, have been largely offset by increases in the cost of labor and of supplies, so that it is doubtful if the pro- ducers' margin has increased. 1 Mayl Junel Julyl $16,807,748.00 16,889,802.10 13,388,019.40 14,033,806.40 11,061,336.90 17,726,621.86 17,442,282.16 1910.

Marks, notations and other marginalia present in the original volume will appear in this file - a reminder of this book's long journey from the publisher to a library and finally to you. The Union Iron Works of San Francisco, which is now building the lai^est ships, has under construction 28 vessels of an aggregate tonnage of 175,028.

Usage guidelines Google is proud to partner with libraries to digitize public domain materials and make them widely accessible. 10,846,600 67,490,350 9,802,700 3,600,000 9,079,300 11,914,060 5,440,090 7.092,950 9,382,000 13,067,000 8,624,750 6,440,000 $8,646,600 61,967,800 7,854,800 8,840,000 10,067,700 12,817,800 760,000 8,022,940 8,215,000 8,126,000 13,675,400 3,360,000 $728,200 33,238,400 6,510,200 5,440,000 9,264,400 10,480,980 2,720,600 5,692,160 5,605,000 5,312,000 11,606,600 5,200,000 $642,000 3,802,450 $1,082,300 6,014,000 950,000 1,887,200 1,935,450 200,250 200,050 230,000 805,000 2,220,000 2,000,000 730,000 717,000 1,782,900 400,100 360,000 20,000 2,130,000 3,600,000 $30,944,700 161,513,000 33,957,700 14,560,009 31,015,600 38,031,180 9,521,000 21,008,100 33,882,000 37,420,000 38,258,750 19,600,000 160,509,750 147,353,040 91,890,540 13,962,400 16,836,300 430,612,030 RETURNED TO COMPTROLLER FOR DESTRUCTION. It is re]orted that the Japanese merohant marine has increased 50 per cent in the last six years, and that 500,000 gross tons of bottoms have been started on Japanese stocks since January 31, 1916.

Do not assume that just because we believe a book is in the public domain for users in the United States, that the work is also in the public domain for users in other countries. There has been a great lack of bottoms for off-shore shipment, so that it is the more surprising that the demand for shipment by rail to the interior has so fully absorbed the cut, especially in view of the acute shortage of cars.

Whether a book is still in copyright varies from country to country, and we can't offer guidance on whether any specific use of any specific book is allowed. 12.— San Francisco 445-475 Digitized by Vj OOQ IC PART I. It is expected that transportation facilities will soon be better, partly from putting into commission wooden vessels now building for this trade and partly, by early spring, from a more adequate supply of cars.

||

Maintain attribution The Google "watermark" you see on each file is essential for informing people about this project and helping them find additional materials through Google Book Search. Keep it legal Whatever your use, remember that you are responsible for ensuring that what you are doing is legal. The advances in price, which have been considerable, have been largely offset by increases in the cost of labor and of supplies, so that it is doubtful if the pro- ducers' margin has increased. 1 Mayl Junel Julyl $16,807,748.00 16,889,802.10 13,388,019.40 14,033,806.40 11,061,336.90 17,726,621.86 17,442,282.16 1910. Marks, notations and other marginalia present in the original volume will appear in this file - a reminder of this book's long journey from the publisher to a library and finally to you. The Union Iron Works of San Francisco, which is now building the lai^est ships, has under construction 28 vessels of an aggregate tonnage of 175,028. Usage guidelines Google is proud to partner with libraries to digitize public domain materials and make them widely accessible. 10,846,600 67,490,350 9,802,700 3,600,000 9,079,300 11,914,060 5,440,090 7.092,950 9,382,000 13,067,000 8,624,750 6,440,000 $8,646,600 61,967,800 7,854,800 8,840,000 10,067,700 12,817,800 760,000 8,022,940 8,215,000 8,126,000 13,675,400 3,360,000 $728,200 33,238,400 6,510,200 5,440,000 9,264,400 10,480,980 2,720,600 5,692,160 5,605,000 5,312,000 11,606,600 5,200,000 $642,000 3,802,450 $1,082,300 6,014,000 950,000 1,887,200 1,935,450 200,250 200,050 230,000 805,000 2,220,000 2,000,000 730,000 717,000 1,782,900 400,100 360,000 20,000 2,130,000 3,600,000 $30,944,700 161,513,000 33,957,700 14,560,009 31,015,600 38,031,180 9,521,000 21,008,100 33,882,000 37,420,000 38,258,750 19,600,000 160,509,750 147,353,040 91,890,540 13,962,400 16,836,300 430,612,030 RETURNED TO COMPTROLLER FOR DESTRUCTION. It is re]orted that the Japanese merohant marine has increased 50 per cent in the last six years, and that 500,000 gross tons of bottoms have been started on Japanese stocks since January 31, 1916. Do not assume that just because we believe a book is in the public domain for users in the United States, that the work is also in the public domain for users in other countries. There has been a great lack of bottoms for off-shore shipment, so that it is the more surprising that the demand for shipment by rail to the interior has so fully absorbed the cut, especially in view of the acute shortage of cars. Whether a book is still in copyright varies from country to country, and we can't offer guidance on whether any specific use of any specific book is allowed. 12.— San Francisco 445-475 Digitized by Vj OOQ IC PART I. It is expected that transportation facilities will soon be better, partly from putting into commission wooden vessels now building for this trade and partly, by early spring, from a more adequate supply of cars.

,082,300 6,014,000 950,000 1,887,200 1,935,450 200,250 200,050 230,000 805,000 2,220,000 2,000,000 730,000 717,000 1,782,900 400,100 360,000 20,000 2,130,000 3,600,000 ,944,700 161,513,000 33,957,700 14,560,009 31,015,600 38,031,180 9,521,000 21,008,100 33,882,000 37,420,000 38,258,750 19,600,000 160,509,750 147,353,040 91,890,540 13,962,400 16,836,300 430,612,030 RETURNED TO COMPTROLLER FOR DESTRUCTION. It is re]orted that the Japanese merohant marine has increased 50 per cent in the last six years, and that 500,000 gross tons of bottoms have been started on Japanese stocks since January 31, 1916.

Do not assume that just because we believe a book is in the public domain for users in the United States, that the work is also in the public domain for users in other countries. There has been a great lack of bottoms for off-shore shipment, so that it is the more surprising that the demand for shipment by rail to the interior has so fully absorbed the cut, especially in view of the acute shortage of cars.

Whether a book is still in copyright varies from country to country, and we can't offer guidance on whether any specific use of any specific book is allowed. 12.— San Francisco 445-475 Digitized by Vj OOQ IC PART I. It is expected that transportation facilities will soon be better, partly from putting into commission wooden vessels now building for this trade and partly, by early spring, from a more adequate supply of cars.

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