M. B. Spragins, president, First National Bank of Huntsville, Huntsville, Ala. J. Cameron Thomson, chairman of the board, Northwest Bancorporation, Minneapolis, Minn. William W. Whiteman, Jr., president, Oklahoma Industrial Finance Corporation & Credit Service Loans Co., Oklahoma City, Okla. Ben Wooten, president, First National Bank in Dallas, Dallas, Tex. Hon. WRIGHT PATMAN, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, OFFICE OF THE CHAIRMAN, Washington, D. C., July 15, 1957. House of Representatives, Washington, D. C. DEAR MR. PATMAN: In response to your letter of July 10, 1957, requesting certain information with regard to transactions in the Federal Reserve agents' note account from the establishment of the Federal Reserve System in 1913 to May 31, 1957, I am pleased to send you the enclosed statement. Sincerely yours, WM. MCC. MARTIN, Jr. Cumulative report of Federal Reserve agents' note account from the beginning of the Federal Reserve System to May 31, 1957 [In thousands of dollars] Received from Comptroller of the Currency- $147, 684, 156 Delivered to Comptroller of the Currency for destruction. Unissued Federal Reserve notes on hand with Federal Reserve agents- 107, 109, 071 13, 203, 710 Federal Reserve notes outstanding (issued to Federal Reserve banks) May 31, 1957-- 27, 371, 375 Total 147, 684, 156 Classification of loans, discounts and advances, and total acceptances purchased by Federal Reserve banks [Yearly volume, in millions of dollars] Discounted for nonmember banks: Own promissory notes secured by U. S. Government obligations (last par., sec. 13). Discounted for individuals, partnerships, and corporations, exclusive of Foreign loans on gold (par. 2, sec. 14). 1 Less than $500,000. Advances secured by U. S. Government obligations direct and guaranteed (pars. 8 and 13, sec. 13) year 1956 Number and salaries of officers and employees, and net expenses of Federal Reserve banks, by head office and branches, 1956 Includes $6,564 for certain special structural features built for Reserve bank purposes and $4 for electricity. Includes $170 for electricity and $30 for waterflow alarm service. * Includes $1,455 for expense of renovating relocation center. Jarboe Bros. Storage Warehouse, Inc. Storage of furniture during remodeling of branch building. Parking of bank-owned car. Post office box.. 290 300 48 638 Includes $194 for light and power, $123 for repairs and alterations, $70 for water softening service, and $7 for safe deposit box. Includes $31 for repairs and alterations. 7 Includes $12 for light and power. * Includes $3,274 for light and power, $1,487 for cleaning, and $38 for repairs and alterations. |