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TABLE OF CONTENTS.

EXHIBITS.

Exhibit A-Discount rates----

Exhibit B-Federal Reserve notes.--.

Exhibit C-Statement of condition of Federal Reserve Banks_

Exhibit D-Investment operations of Federal Reserve Banks..

Exhibit E-Gold settlement fund.

Exhibit F-Clearing operations--

91

94

117

154

195

204
1915---

Federal Reserve notes in circulation and per cent of gold cover therefor--

Movement of earning assets of all Federal Reserve Banks-----

Deposit and note liabilities, also cash reserves of all Federal Reserve

Banks ----

Total cash reserves and excess reserves of all Federal Reserve Banks ---
War paper and total bills discounted by all Federal Reserve Banks and

The Federal Reserve Banks of New York during 1918--
Operations through the gold settlement fund...

126

127

169
198

1916

1917-

1918_

761-870

761-789

790-823

824851

852-870

PART I.

REPORT OF THE FEDERAL RESERVE BOARD,

WITH EXHIBITS.

V

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