US Presidency
1836

The amount transferred and actually paid by the deposit banks in the year ending the 1st of October last was $ 39,319,899; the amount transferred and paid between that period and the 6th of November was $ 5,399,000, and the amount of transfer warrants outstanding on that day was $ 14,450,000, making an aggregate of $ 59,168,894. These enormous sums of money first mentioned have been transferred with the greatest promptitude and regularity, and the rates at which the exchanges have been negotiated previously to the passage of the deposit act were generally below those charged by the Bank of the United States. Independently of these services, which are far greater than those rendered by the United States Bank and its 25 branches, a number of the deposit banks have, with a commendable zeal to aid in the improvement of the currency, imported from abroad, at their own expense, large sums of the precious metals for coinage and circulation.