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Insular and District of Columbia loans-Changes during year.

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Interest on the registered portion of the above loans became due and was certified to the Treasurer for payment, as follows:

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The amounts of the several kinds of money in circulation in the United States on the 1st day of each month during the year are shown in the following table, in millions of dollars:

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6.50

637 632 629 644 1,413 1,409 1,466 1, 520 1, 562 1, 573 1, 660 1,793 1,810 1, 865 1,812 1, 736 1, 737 69 70 71 72 71 71 71 71 71

669 679 650 652 667 678 701 690

66

67

71

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Federal reserve bank notes.
National bank notes..

Per capita (in dollars)..............

4,024 4,000 4,066 4, 178 4, 2414, 303 4, 4404, 498 4, 583 4, 702 4, 736 4, 731 4,763

39.2 39 39.5 40.6 41.1 41.7 43 43.5 44.2 45.3 45.5 45.4 15.7

1 Revised figures.

The increases and decreases in the amounts of the several kinds of money in circulation between July 1, 1916, and July 1, 1917, are shown in the following table:

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1 Includes 208,000 sheets and 67,958 sheets, obsolete, sold.

? Includes 201,000 sheets issued to Division of Printing and Stationery.
* Includes 10,887 sheets, obsolete, sold.

Redemption of currency and destruction of United States securities.

Statement of redeemed securities and imperfect work handled, accounted for, and destroyed during fiscal year 1917.

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Items marked (*) not counted by Division of Loans and Currency; all other items counted by Division of Loans and Currency.

Custody of Federal reserve notes, series 1914.

Transactions in Federal reserve notes, series 1914, during the fiscal

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Total..

20,353,900 2,640,000 22,993, 900 21,737,000 1,235,000 22,972, 000

45,965, 900

13034°- -FI 1917-16

STATEMENT OF 1-YEAR TREASURY NOTES REDEEMED AND REISSUED FROM JULY 1, 1916, TO JUNE 30, 1917.

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The monetary operations of the Government have been conducted through the Treasurer of the United States, 9 Assistant Treasurers of the United States, 12 Federal reserve banks, 1 branch Federal reserve bank, the Philippine Islands, the American Colonial Bank of Porto Rico, and 1,368 national-bank depositaries.

To prevent disturbing financial conditions on account of payments made for purchase of Treasury certificates of indebtedness, the Secretary specially designated 231 banks and trust companies as depositaries of public moneys, with which was deposited a portion of the receipts of the sale of said certificates of indebtedness. He also specially designated 1,639 banks and trust companies for the purpose of permitting them to deposit by credit a portion of the proceeds arising from the subscription to the Liberty loan bonds.

The amount of public moneys held June 30, 1917, by special depositary banks and trust companies on account of the sale of certificates of indebtedness was $154,179,000, and that held by banks and trust companies specially designated to receive funds on account of Liberty loan deposits was $560,662,218.16, while the deposit in the Federal reserve banks was $305,743,526.71, and that in national-bank depositaries to the credit of the Treasurer of the United States, including money to the credit of the United States disbursing officers, was $52,598,057.51.

On June 30, 1917, there were 764 regular national-bank depositaries, 12 Federal reserve banks, and 1 branch Federal reserve bank, 591 temporary depositaries, and 1,639 special depositaries for Liberty loan funds; 16 regular depositaries were designated during the year and 29 were discontinued. On November 1, 1917, the total number

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