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No. 42.-Calculated annual rate (per cent) of earnings from total investment holdings for each Federal Reserve Bank, by months, during the calendar

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Exhibit E.-GOLD SETTLEMENT FUND.

No. 48.-Condensed summary of transactions, Jan. 1 to Dec. 31, 1918, both inclusive.

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Total..

311, 644

102,433

2,670, 3 693, 181 1,614,730 1,705,012 4,812, 105 4,812, 105 2,670,339 | 45, 439, 487 45, 439, 487 12,670,339

401,926

238,314

238,314

No. 44.-Weekly operations through the gold settlement fund during the calendar year 1918.

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Clearings.

Transfers.

Clearings and transfers combined.

Net debit. Net credit. Net debit., Net credit. Net debit. Net credit.

Date.

Total

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Transfers for credit of

Total
debits in
clearings

clearings

transfers and clearings.

New York bank.

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the New

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