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No 30.- EXPENSES INCURRED IN THE REDEMPTION OF NATIONAL BANK NOTES AND

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1875 $ 88,098.31 $158,227.39 $44,639.67 $290,965.37 $2.2326

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1896

32,518.93 77,766.54 3,800.16 114,085.63
44,518.50 77,977.62 2,565.61 125,061.73

1.125

9,200 237,803.51

1897
Total, 1,446,999.87 2,293,470.44 158,787.23 3,899,257.54

No. 31.
-AVERAGE AMOUNTS OF NATIONAL BANK NOTES REDEEMABLE OUT OF THE
FIVE PER CENT. REDEMPTION FUND, AND AMOUNTS REDEEMED, BY FISCAL YEARS.

1.0701

4,750 222,858.92

410,955 2,306,336.31

Redeemed

Average

Fiscal year

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Total received for redemption I

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1 On failed, reducing and liquidating accounts as well as the five per cent. redemption fund.

75,150,160

86,709,000

108,261,000

113,574,000

No. 32.

NATIONAL BANK NOTES RECEIVED FOR REDEMPTION FROM PROMINENT
CITIES AND OTHER PLACES, BY FISCAL YEARS.

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DEPOSITS AND SURPLUS RESERVES OF NEW YORK CLEARING HOUSE
BANKS ON OR ABOUT THE FIRST OF EACH MONTH.

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$549,291,400 $35,268,850 $501,089,300 $15,939.675 $530,785,000 $33,286,950
546,965,200 30,751,500 490,447,200 39,023,400 563,331.800
59,148,250
528,440,800 28,054.500 489,612,200 24,442,150 573,709,300 57.520.975
504,240,200 13,413,450 481,795,700 17,005,975 569,220,500 47,066,575
526,998,100 27,233.575 495.004,100 22,944,275 576,863,900 48,917,625
566,229,400 41,221,250 498,874,100
570,436,300 34,225.925 499,046,900
574.304.500 40,917.175 485,014,000
574.929,900 39,149,925 451,934,800
549,136,500 22,296,175 454.733,100
529,862,400 17.594.400 446,445,900
520,788,000 18,613,300 490,634,300

22,230.675 575,600,000 40,016,100 20,328,275 604,983.700 41,384,875 17,728,600 623,045,000 45,720,150 8,836,200 636,906,000 39.517,700 16,526,025 619.353,200 15.550.400 17,463,225 625,339,000 24,271,800 31,411,625 666,278,600 22,122,950

No. 34.-STATEMENT SHOWING VALUATION UPON A THREE PER CENT. BASIS OF

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No. 35. TRANSACTIONS OF NEW YORK CLEARING HOUSE FOR FORTY-FOUR YEARS.
[Report Comptroller of the Currency, 1897, p. 550.]

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1870.

58 81,770,200
59
82,270,200
59 82,720,200
61 83,620,200

28,717,146,914
28,675,159,472
28,484,288,637
37,407,028,987
27,804.539.406

1,066,135,106

93,541,195 3,472,753

3.7

1,144,963,451

93,101,167 3.717.414

4.0

1,125,455,237
1,120,318,308

92,182,164 3,642,250

4.0

121,451,393 3,637,397

3.0

1,036,484,822

1871

62 84,420,200

1872
1873
1874

61 84,420,200

59 83,370,200

59 81,635,200

1875-

59 80,435,200

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29,300,986,682 1,209,721,029
33,844,369,568 1,428,582,707
35,461,052,826 1,474,508,025
22,855,927,636 1,286,753,176
25,061,237,902 1,408,608,777
21,597,274,247 1,295,042,029
23,289,243,701 1,373,996,302
57 63.611,500 22,508,438,442 1,307,843,857 73,785,747 4,274,000
59 60,800,200 25,178,770,691 1,400,111,063 82,015,540 4,560,622
5-6
59 60.475,200
37,182,128,621 1,516,538,631
121,510,224 4,956,009 4.I
61,162,700 48,565,818,212 1,776,018,162 159,232,191 5,823,010 3.6
60,962,700 46,552,846,161
151,637,935 5,195,440
64 61,162,700 40,293,165,258
60,412,700 34,092,037,338
58,612,700 25,250,791,440
59,312,700 33,374,682,216
60,862,700 34,872,848,786
60,762,700 30,863,686,609
60,762,700 34.796,465,529
60,812,700 37,660,686,572
60,772,700 34,053,698,770
60,422,700 36,279,905,236
60,922,700 34,421,380,870
61,622,700
24,230,145,368
28,264,379,126

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29,350,894,884

1,843,289,239

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31,337,760,948

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6.01

4.69

a The capital is for various dates, the amounts at a uniform date in each year not being obtainable.
6 Yearly average for forty-four years.
c Totals for forty-four years.

No. 36. CLEARING HOUSE EXCHANGES FOR YEARS ENDING SEPT. 30, 1882-1897.

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79,704,426 5,214,611
92,670,095 6,218,277
96,232,442 6,043,571
6,300,006

6.5

6.71

6.3

684,127,116 63,947,177

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No. 37. DISTRIBUTION OF SILVER DOLLARS AT THE END OF EACH FISCAL YEAR.

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GENERAL INDEX

Act of June 28, 1834, reduces weight of
gold coins, 110.

Act of January 18, 1837, makes slight
change in coins and establishes pres-
ent gold standard, 110.
Act of 1853 reduces weight of subsidiary
coins, 114; restricts legal-tender
power of subsidiary coins, 115.
Act of July 17, 1861, authorizes loan of
$250,000,000 in bonds or interest
bearing, or demand, Treasury notes,
399.
Act of August 5, 1861, alters lowest per-
missible denomination of Treasury
notes, 400; relaxes Independent
Treasury Act, 401.

Act of February 25, 1862, authorizes first
issue of U. S. notes, 410.

Act of July 11, 1862, greenbacks issued
under, 26.

Act of January 26, 1863, authorizes third
issue of legal-tender notes, 413.
Act of February 25, 1863, establishes
National Banking System, 198; dis-
approved by New York Clearing-
House Committee, 200.

Act of March 3, 1863, greenbacks issued
under, 25.

Act of March 3, 1864, provides for new

system of bank reports, 356.
Act of June 3, 1864, restricts issue and
legal-tender qualities of national
bank notes, etc., 27; principal pro-
visions of, 201.

Act of June 17, 1864, prohibits specula-
tion in gold, 415n.

Act of March 3, 1865, regulates appor-
tionment of notes, 203; levies tax on
notes of state banks, 203.

Act of March 15, 1865, taxes notes of
state banks, 376.

Act of April 12, 1866, limits withdrawals

of U. S. notes, 417.
Act of February 4, 1868, suspends power

of Secy. to withdraw U. S. notes, 419.
Act of March 18, 1869, United States

notes to be paid in coin, 26; forbids
loaning of money on U. S. notes, 422.
Act of March 3, 1869, changes system of
bank reports, 356n.

Act of March 18, 1869, pledges faith of

U. S. to payment of bonds in coin,
III, 420.

Act of July 12, 1870, increases maximum
issue of national bank notes, 204;
provides for further issue of national
bank notes, 422.

Act of July 14, 1870, provides for pay-
coin," 112; rate
ment of bonds in "
of interest on bonds limited by terms
of, 195; provides for refunding bonds,
420.

Act of February 13, 1873, confirms gold
standard, 111.

Act of June 20, 1874, provides for with-
drawal of national bank notes, 205;
makes new provisions for redemp-
tion, 211-12.

Act of January 14, 1875, follows act of
1870 in treatment of bonds, 112;
bullion purchased under, 140n; rate
of interest on bonds limited by terms
of, 195; removes absolute limitation
on national bank notes, 206; antici-
pated effect of, 207; failure to oper-
ate as expected, 207; contraction
under, 208.

Act of April 17, 1876, provides for redemp-
tion of fractional currency, 429.
Act of July 22, 1876, deprives trade dollar
of legal-tender quality, 137.
Act of February 28, 1878, requires monthly
purchase of silver bullion for coin-
amount pur-
age purposes, 24;
chased under, 24; prohibits retire-
ment of U. S. notes, 43; authorizes
coinage of silver dollar, but does not
alter standard, 111; history of pas-
sage of, 139-140; purchases of silver
bullion under, 140; effect of, 220.
Act of May 31, 1878, prohibits cancella-
tion or retirement of U. S. notes, 27;
makes further retirement of U. S.
notes unlawful, 429.

Act of June 9, 1879, raises legal-tender
power of subsidiary coin to $10, 115;
provides for exchange of subsidiary
coins against lawful money, 115.
Acts of July 12, 1882, gold certificates
under, 25; bond deposit requirement
repealed by Commission's bill, 66;
provides for withdrawal of bonds by

583

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