The famous redwood timbers on the northern coast of California comprise more than 1,000,000 acres from which about 400,000,000 feet are cut annually. Oregon's supply of standing timber is estimated at from 500 to 545 billion feet-about one-fifth of the nation's entire supply. Fifty billion to one hundred billion feet more are found in the southern part of Washington. Lumbering is the greatest of Oregon's industries and brings to the state an annual income of $30,000,000.

In the production of lumber, which is the Pacific coast's most widely distributed natural asset, the state of Washington stands first as a producer. This business turns out a product worth $42,000,000 on cars at the mills. The amount of standing timber in Washington, Oregon and Idaho is estimated at 1,068,000,000,000 feet.

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The orcharding of this district ranges from the citrus fruits in the tropical climate of southern California to the apple orchards of the Hood River valley within sight of the perpetual snows of Mount Hood. The barley yields of Washington and Oregon have become well established in the yearly demands of European brewers. year three upper Pacific markets received 42,000 cars of wheat. Orient depends more or less regularly on the wheat and flour of the west coast. The salmon pack of this district, embracing the Pacific Northwest, has been as high as $25,000,000 in value a season and finds a world-wide market. A single Portland financing company has $10,000,000 employed in loans in the cattle and sheep industries.

Throughout this territory, in practically every state, the irrigation of arid lands has reached its highest and most extensive development. Much of the United States Government's reclamation work, covering over 3,000,000 acres, lies in this regional area. California has 335 valley units in which 3,192,000 acres are irrigated and 9,699,000 acres are ultimately available for irrigation, including the Imperial valley with its incredible productiveness under an adequate water supply.

In the extent of its coast line the Pacific district stands quite unrivalled. Between San Diego and Seattle there is a length of ocean littoral of 1200 miles, reaching from the 33d to near the 49th degree of latitude. These shores are indented with such famous commercial roadsteads as the bays of San Diego, of San Francisco and Eureka in California; and Portland, Seattle, Tacoma and Olympia in Oregon and Washington. Back from the coast this banking district reaches from 400 to 800 miles, embracing vast intermountain plateaus in which such cities as Spokane, Boise City, Carson, Salt Lake and Phoenix are financial capitals of their respective business empires.

BOUNDARIES OF

THE FEDERAL RESERVE DISTRICTS.

AS ESTABLISHED BY THE ORGANIZATION COMMITTEE.

DISTRICT NO. 1.

The New England States: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut, with the city of Boston as the location of the Federal Reserve bank.

DISTRICT NO. 2.

The State of New York, with New York City as the location of the Federal Reserve bank.

DISTRICT NO. 3.

The States of New Jersey and Delaware and all that part of Pennsylvania located east of the western boundary of the following counties: McKean, Elk, Clearfield, Cambria, and Bedford, with the Federal Reserve bank in the city of Philadelphia.

DISTRICT NO. 4.

The State of Ohio; all that part of Pennsylvania lying west of district No. 3; the counties of Marshall, Ohio, Brooke, and Hancock, in the State of West Virginia; and all that part of the State of Kentucky located east of the western boundary of the following counties: Boone, Grant, Scott, Woodford, Jessamine, Garrard, Lincoln, Pulaski, and McCreary; with the city of Cleveland, Ohio, as the location of the Federal Reserve bank.

DISTRICT NO. 5.

The District of Columbia, and the States of Maryland, Virginia, North Carolina, South Carolina, and all of West Virginia except the counties of Marshall, Ohio, Brooke, and Hancock, with the Federal Reserve bank located in the city of Richmond, Va.

DISTRICT NO. 6.

The States of Alabama, Georgia, and Florida; all that part of Tennessee located east of the western boundary of the following counties: Stewart, Houston, Wayne, Humphreys, and Perry; all that part of Mississippi located south of the northern boundary of the following counties: Issaquena, Sharkey, Yazoo, Kemper, Madison, Leake, and Neshoba; and all of the southeastern part of Louisiana located east of the western boundary of the following parishes: Pointe Coupee, Iberville, Assumption, and Terrebonne, with the city of Atlanta, Ga., as the location of the Federal Reserve bank.

DISTRICT NO. 7.

The State of Iowa, all that part of Wisconsin located south of the northern boundary of the following counties: Vernon, Sauk, Columbia, Dodge, Washington, and Ozaukee; all of the southern peninsula of Michigan, viz., that part east of Lake Michigan; all that part of Illinois located north of a line forming the southern boundary of the following counties: Hancock, Schuyler, Cass, Sangamon, Christian, Shelby, Cumberland, and Clark; and all that part of Indiana north of a line forming the southern boundary of the following counties: Vigo, Clay, Owen, Monroe, Brown, Bartholomew, Jennings, Ripley, and Ohio, with the Federal Reserve bank located in the city of Chicago, Ill.

DISTRICT NO. 8.

The State of Arkansas, all that part of Missouri located east of the western boundary of the following counties; Harrison, Daveiss, Caldwell, Ray, Lafayette, Johnson, Henry, St. Clair, Cedar, Dade, Lawrence, and Barry; all that part of Illinois not included in district No. 7; all that part of Indiana not included in district No. 7; all that part of Kentucky not included in district No. 4; all that part of Tennessee not included in district No. 6; and all that part of Mississippi not included in district No. 6, with the city of St. Louis, Mo., as the location of the Federal Reserve bank.

DISTRICT NO. 9.

The States of Montana, North Dakota, South Dakota, Minnesota, all that part of Wisconsin not included in district No. 7, and all that part of Michigan not included in district No. 7, with the city of Minneapolis, Minn., as the location of the Federal Reserve bank.

DISTRICT NO. 10.

The States of Kansas, Nebraska, Colorado, and Wyoming, all that part of Missouri not included in district No. 8, all that part of Oklahoma north of a line forming the southern boundary of the following counties: Ellis, Dewey, Blaine, Canadian, Cleveland, Pottawatomie, Seminole, Okfuskee, McIntosh, Muskogee, and Sequoyah; and all that part of New Mexico north of a line forming the southern boundary of the following counties: McKinley, Sandoval, Santa Fe, San Miguel, and Union, with the city of Kansas City, Mo., as the location of the Federal Reserve bank.

DISTRICT NO. 11.

The State of Texas, all that part of New Mexico not included in district No. 10; all that part of Oklahoma not included in district No. 10; all that part of Louisiana not included in district No. 6; and the following counties in the State of Arizona: Pima, Graham, Greenlee, Cochise, and Santa Cruz, with the city of Dallas, Tex., as the location of the Federal Reserve bank.

DISTRICT NO. 12.

The States of California, Washington, Oregon, Idaho, Nevada, and Utah, and all that part of Arizona not included in district No. 11, with the city of San Francisco, Cal., as the location of the Federal Reserve bank.