National bank failures, 1881 to 1917, grouped by reserve cities and National bank failures, 1881 to 1917, by fiscal years. National bank failures, 1881 to 1917, grouped according to capital stock. National bank failures, 1881 to 1917, grouped according to States. State and private bank failures, 1864 to 1917.. Interest-bearing debt of the United States, national bank circulation, etc. Bonds available as security for circulation. Price and interest realized on investments in United States bonds.. All bank investments in United States bonds.. Monthly statement relating to national bank circulation. Redemption of national bank currency... Increase or decrease of national bank circulation. Vault account of national bank circulation.. Denominations of national bank circulation. Clearings of associations in the Federal reserve bank cities, etc.. Compilations of State bank returns since 1832.. Legislation relating to returns from banks other than national. State, savings, private banks, and loan and trust companies.. Summary of reports of condition of reporting banks, other than national Resources and liabilities of each class of banks other than national.. Banking power of each class of banks in the United States.. Summary of the combined returns from national and all other banks in June, 1917.. 635 Classification of cash in banks in June, 1917. Distribution of the general stock of money in the United States.. Stock of money in the United States, in the Treasury, in banks, and in Exhibits accompanying Volume 1, Report of the Comptroller of the Currency. Exhibit A.-List of national banks which subscribed to First Liberty Loan for 5 per cent or more of their total resources. Exhibit B.-List of national banks which sent in no subscriptions either for themselves or customers to the First Liberty Loan.. Exhibit C.-List of national banks which sent in no subscriptions either for themselves or customers to the Second Liberty Loan... Exhibit D.-Form for computation of lawful reserve of national banks... Exhibit E.-Gold coin, gold certificates, and total cash on hand in all banks.. Exhibit F.-Demand and time loans upon which interest was charged in excess Exhibit G.-Number of women and other shareholders in national banks.. Number and amount of deposit balances dormant since 1912.. Exhibit H.-Legislation enacted affecting or relating to national banks. Exhibit I.-Treasury regulations governing deposits with banks of proceeds of Exhibit J.-Subscriptions to the First Liberty bonds by national banks located in cities with population of over 100,000... Exhibit K.-Subscriptions and payments on account of subscriptions for First Exhibit N.-Liberty bonds on which loans have been made or agreed to be made, and loans made on the security of the First and Second Liberty Exhibit P.-Loans made by national banks in all reserve and other cities having a population of over 75,000, arranged according to location of bor- Exhibit Q.-Deposits held by national banks in all reserve and other cities with a population of over 75,000, for the credit of other banks, State and ANNUAL REPORT ON THE FINANCES. TREASURY DEPARTMENT, Washington, December 3, 1917. SIR: I have the honor to make the following report: America's entry into the European war, April 6, 1917, brought the country face to face with unparalleled and unusual financial problems, both in their variety and magnitude. To these were added the inevitable accompaniment of many other problems arising out of essential economic readjustments necessitated by the war and the transformation of an unarmed and peaceful nation into a formidable armed combatant. Many of the familiar phenomena, inseparable from such a transformation, have appeared and will continue to appear until these readjustments have been completed. They have caused unavoidable losses and hardships. Such things can no more be avoided in time of war than sacrifices of blood if the rights of the Nation are to be vindicated and made safe for the future and a just peace is to be secured for the world. We must face these trials with philosophy, resolution, and calmness. We must see in them not alone the inspiration but the call to supreme effort. When these readjustments have been completed, it will be found. that all the brains and energy of the Nation which have been released from occupations nonessential to the war will be required in enterprises and activities which are essential to the war, and that the welfare and prosperity of the country as a whole will not be impaired. "Business as usual" can not, of course, be adopted as the guiding principle. in time of war. It is a wholly wrong theory and should find no advocacy or acceptance by the sensible and patriotic people of America. Business must be readjusted to the war-making function of the Nation. What is of superlative importance in the readjustment that must take place is that our people shall be impressed with the necessity of economizing in the consumption of articles of clothing, food and fuel, and of every other thing which constitutes a drain upon the available supplies, materials, and resources of the country. Everything wasted now is nothing short of criminal. So far as I have been able to observe, the American people are not sufficiently aroused to the necessity of economy and of saving in this really serious time, not only in the 13034°-FI 1917- -1 1 life of America but of the nations of the world. Up to the present there has been a relatively small denial of pleasures, comforts, and conveniences on the part of the average citizen. He is drawing upon the general store of supplies in the country with almost the same freedom as before America came into the war. This can not continue without serious hurt to the Nation and to the world. The great financial operations of the Government can not be carried forward successfully unless the people of the United States economize in every possible direction, save their money and lend it to the Government. By saving money they give up some of their needless pleasures; they reduce their demand upon the general supply of food, clothing, and other materials in the country, releasing thereby that much more for the use of our own armies and the armies and civilian populations of the nations which are fighting the common danger with us. They are at the same time increasing their own material prosperity by their savings, and they are directly helping their Government by lending it the money with which it can buy the necessary supplies and command the necessary services to make our fighting forces stronger and more effective in the field; and this means an earlier victory for American arms. The great difficulty is to impress this lesson of economy upon the American people. It will require widespread propaganda and constant effort. With this in view, it was my privilege to suggest to the Congress the raising of $2,000,000,000 by the sale of war-savings stamps and thrift stamps, so that the American people would have the opportunity, as well as the direct encouragement, to economize and save money by putting within their reach the opportunity of lending their savings, in such small amounts even as 25 cents, to their own Government. We have therefore organized a war-savings campaign upon a wide scale and shall bring to the attention of every man, woman, and child in the country the privilege now offered to them of serving themselves and serving their country by depositing their savings with the Government of the United States upon the safest security in the world. The Government will accept these savings and issue its direct obligations for them in the form of war-savings stamps and thrift stamps. These stamps are not issued by the Government as an investment for the rich. They are intended for people of small means primarily. They are intended to bring within the reach of everyone in the United States the opportunity of investing in the obligations of the United States Government upon terms unusually advantageous to the investor and to encourage everyone to save his money and lend it to the Government. |