The Washington times., 1916-11-26
TREASURY REPORTS
GoLDFLOW TOU.S,
Imports During Fiscal Year
1916 Were s494, o09, 301, and
Exports s90,249,548.
CIRCULATION FIGURES GIVEN
Stock Of Paper Currency In
United States Amounted to
$3,5o7,o33,7o5.

.
| The tremendous inflow OF gold into
this country was emphasized In the
annual report OF the Treasurer Of the
United States for the fiscal year 1915.
The report says the imports OF gold
in the fiscal year 1915, which closed
June 80, were s494,00o,3Oi. and the
exports $oO.249.54s. As a result OF
the enormous influx of gold, the Treas.
my holdings OF the precious metal mt
the close OF the fiscal year amounted
1 to sI,s03. 493, 932.s3. an increase OF
| Si2O.533, e43.85 over that of twelve
months earlier.
Money In Circulation.
Money In circulation amounts to
s392s per capita, and tho share Of
gold to whole circulation. b0.eT per
cent. At the close OFT tho fiscal year,
the money In circulation amounted to
the huge total OF s4.024 ,097. 762, an In.
with 1915. The growth in the eisment
able.
Stock Of Paper Currescy.
The report shows that on June 30.
1910. the stock OF paper currency In
the United States amounted to f3,507,.
033, 1e5, of which the Government Is
sued and distributed directly s2,57T,.
8pO, 6s5. and the banks. $02e, 343, 10.
are are IN ne% sreaa demand. and n. total
amount OF such bills outstanding was
4 SS73, 470.4T3, OF which the Government
issued es.ooe,ie2. and the banks
The needs OF business make con.
slant demand for small notes as In
struments of local trade. The eNten.
sion OF habitation into remote dis.
tricts, multiplication OF lines OF traf
nc, and the development OF industrial
activities are some OF tho require
ments that must be provided for by
an annual Increase Of the smaller de.
nominations OF paper money In cir
Tho resources OF the Treasury for
the Issue OF paper money Of the small.
er denominations are practically lin
tied TO the presentation OF the higher
denominations which are redeemed.
retired, and are replaced by the
smaller bills.
Pieces outsssadias.
The pieces OF United States baper
currency outstanding at the close OF
1.-THE last fscal year numbered 3sa,sIS..
473 OF the total value OF S2.57s. 800. go.
The Treasury has 20 maintain this
great number OF pieces and also tn
provide for the annual growth OF such
denominations as may be In demand.
In the las, , ,se. Va y oos currency nss
scented to the National Bank Redemp'
ton Agency for redemption, OF which
f622,s23,ttl was In national bank
notes, Sal .oe5,3oo Federal reservs
notes. and $685.. PAP United States cur
rency. The national bank notes
amounted 10 8s per cent OF the aver
age circulation outstanding.
Amount 81 Asserted Notes.
The notes assorted amounted ia
1854. OIL ,T5s. OF which SOL .3t9. SOC
were found to be NJ for further cir
suiation and were returned to the
banks OF Issue. The expenses OF re-
demption. amounting to $3.50. ~
have been assessed upon the national
rate charged national banks being
s0.siT220 per $1,000 redeemed, while
the rate charged Federal reserve
banks on notes redeemed In the or
binary course OF business wa'
There being only twelve Federal
reserve banks, their notes can be as
sorted with more facility than ma
tionai bank notes. and this eondition
rates to bring about an equitable dis
tribution OF expense,
The trust funds, gold and silver
| coins held to redeem outstanding
notes and certificates, increased 1887.
es7, f02 In the year. and at Its close
amounted to $2.O67. 40sr30 The In
crease In gold was s3pl .6sl 300
while the silver decreased $3,103, SOS
The balance in the general fund
|, June 30, 1915, including S65,l2e. ~. =.
60 the credit OF disbursing officers
was t235, 1924, 945.8s.
The currency distributed from the
Treasury In Washington to the sew
| eraI subtreasuries and to the banks
during the year amounted 20 xl,Oo3,
T4s,O2b, as gainst xs30.061, 227 during
the preceding twelve months.
Il The total receipts on ordinary &C
crease of ssT. $50, ioT.sf over those o
1918. The total ordinary disburse
ments were S724;t02. 9es.90. which
were Sb,6lO,5o2. 90 less than In thu
preceding year, The surplus on or
} binary transactions for the. year wa
1851 II .55350.
The net excess OF disbursements oil
| account OF the Panama Canal durinl
|. the year was si4.e33, 1879, whicl
was paid out OF the general FUND o
the Treasury to June 80, 1915, REIN
bursable from the proceeds OF bond
1 not vet aold Ia S22S T1O, 2OO.1T.