Banking Principles And Practice volume 2

Cover Banking Principles And Practice volume 2
Banking Principles And Practice volume 2
Ray Bert Westerfield
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736. 1 6. 7 722. 2 6-5 139. 0 867. 8 May 31 ..
736. 1 2. 5 725-7 2. 5 112. 1 840. 3 June 30 . .
735-0 7 725. 3 7 93-2 819. 3 July 31 . .
735-6 . 2 723. 6 . 2 80. 8 804. 6 Aug. 31 . .
735-5 . 2 722. 9 . 2 70. 6 793-8 Sep. 30..
735-6 . 2 722. 8 . 2 63. 8 768. 7 Oct. 31 . .
735-1 . 2 722. 7 . 2 56. 9 779-9 Nov. 30 . .
731-5 . 0 720. 6 . 0 55-7 776. 4 Dec. 31 . .
730. 3 719. 6 51. 8 771-3 The additional circulation authorized and secured by commer- cial paper represented 57^ per cent of the total a
...uthorized; by miscellaneous securities, including industrial bonds, and other securities, mainly city and town notes and warrants, 28 per cent; by state, county, and municipal bonds, 14 per cent; and by notes secured by warehouse receipts, ^ per cent.
Although there were between 7, 500 and 7, 600 national banks hi active operation at this time, and 45 national currency associa- tions organized, the membership of these associations was but 2, 197, and of that number only 1, 363 took out additional circula- 319 tion.


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