578. Statistics for Great Britain, Germany, and France, 1867-1909

STATISTICS FOR GERMANY 1870-1908

FURNISHED BY THE CENTRALVERBAND DES DEUTSCHEN BANK- UND BANKIERGEWERBES AND THE DEUTSCHE OEKONOMIST

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PART I.

GENERAL STATISTICS ILLUSTRATING THE GROWTH OF POPULATION, WEALTH, BUSINESS, AND COMMERCE, 1871-1908. Page. TABLE NO. 1.—Population of the German Empire, annually, 1871-1908 151 2.—Transactions of German clearing houses, 1883-1908 152 3.—Exports and imports of the German Empire, annually, 1872-1908 (special commerce) 153 4.—Exports and imports of gold, annually, 1880-1907 154 5.—Statistics of railways, 1880-1908 155 6.—Production of iron in the German Customs Union, 1871-1907 156 7.—Production of coal in the German Customs Union, 1871-1907 157 8.—Production of lignite in the German Customs Union, 1871-1907 158 9.—Production of rock salt in the German Customs Union, 1871-1907 159 10.—Production of crude potassium salts (kalirohsalz) in the German Customs Union, 1871-1907 160 11.—Production of lead ore in the German Customs Union, 1871-1907 161 12.—Production of copper ore in the German Customs Union, 1871-1907 162 13.—Production of gold and silver ore in the German Customs Union, 1871-1907 163 14.—Production of zinc ore in the German Customs Union, 1871-1907 164 15.—Total of all mining production in the German Customs Union, 1871-1907 165 16.—Development of German merchant marine, 1871-1908 166 17.—Revenues of the German Government, 1872-1908 167 18.—Incomes of the population of Prussia as indicated by the income tax returns, 1893-1908 168 19.—Consumption of certain foreign commodities within the Customs Union, 1871-1907 169 20.—Consumption of beer, tobacco, and sugar in Germany, 1871-1906 170

PART II.

STATISTICS OF BANKS AND BANKING IN GERMANY. TABLE NO. 1.—Statement of the Reichsbank in yearly and decennial averages, 1876-1907 173 2.—Statements of the Reichsbank, weekly, 1888-1907 174 3.—Proportion of cash holdings to note circulation and total demand liabilities, annually and decennially, 1876-1907.. 194 4.—Annual dividends of the Reichsbank paid to Government and to stockholders, 1876-1907 195 5.—Average monthly note issue of Reichsbank and other banks of issue for the 20 years, 1888-1907 196 6.—Average annual note circulation of Reichsbank and of other banks, 1876-1907 197 7.—Average weekly note circulation and bank reserves of Reichsbank, 1888-1907 198 8.—Official discount rate at the Reichubank, yearly, 1876-1907 199 9.—Date and nature of each change in Reichsbank discount rate, 1876-1907 200 10.—Average interest rates for short-time credit in Germany, 1888-1907 201 11.—Capital, surplus, and deposits of the German joint stock banks, 1876-1907 202 12.—Capital, surplus, and deposits of various groups of banks, classified by size of capital, 1876-1907 203 13.—Consolidated statement of the note-issuing banks, including the Reichsbank, 1888-1907 213 14.—Individual statements of the note-issuing banks at the close of 1907 213 15.—Consolidated statement for the credit or joint stock banks of Germany, 1888-1907 214 16.—Individual statements of the credit or joint stock banks at the close of 1907 215 17.—Colonial and foreign banks at the close of 1907 224 18.—Consolidated statement of the mortgage banks, 1888-1907 224 19.—Individual statements of the mortgage banks at the close of 1907 225 20.—Consolidated statement of the land credit institutions in Prussia, 1888-1907 227 21.—Individual statements of the land credit institutions in Prussia, at the close of 1907 228 22.—Deposits in German savings banks, 1875-1907 229 23.—Annual increase in savings-bank deposits in Germany, 1876-1907 230 24.—Number of savings banks in Prussia, 1870-1906 231 25.—Number and size of savings-bank accounts in Prussia, 1870-1906 232 26.—Amount of deposits in Prussian savings banks at the close of year, 1870-1906 233 27.—Investments of the Prussian savings banks, 1870-1906 •. 234 28.—Number of municipal savings banks in Prussia, 1875-1906 235 29.—Number and size of deposit accounts in Prussian municipal savings banks, 1875-1906 236 147

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Page. TABLE NO. 30.—Amount of deposits in Prussian municipal savings banks at the close of year, 1875-1906 237 31.—Investments of the Prussian municipal savings banks, 1875-1906 238 32.—Statistics of agricultural cooperative credit societies belonging to the Imperial Federation, 1892-1906 - 239 33.—Statistics of other agricultural cooperative credit societies, 1894-1906 240 34.—Statistics of the Schultze-Delitzsch cooperative credit societies, 1870-1907 241 35.—Average statistics of the Schultze-Delitzsch cooperative societies, 1870-1907 242

PART III.

STATISTICS OF MONEY, GOLD SUPPLY, GOLD MOVEMENTS, AND FOREIGN EXCHANGE.

TABLE NO. 1.—Total and per capita stock of gold and of bank notes, annually, 1875-1907 245 2.—Coinage of gold and silver in Germany, 1872-1907 246 3.—Monthly movements of gold to and from foreign countries, 1892-1907 247 4.—Quoted rates of foreign exchange on New York, London, and Paris, monthly, 1888-1907 251 5.—Quoted rates of foreign exchange on New York, London, and Paris, weekly, 1898-1907 256 NOTE.—All of the tables in Part I and Part III and Tables 1-9, 11, 12, 22-35 in Part II were furnished by the Centralverhand des Deutschen Bank- und Bankiergewerbes. Table 10 in Part II was furnished through the courtesy of the Reichsbarik. Tables 13-21 in Part II were furnished by the Deutsche OekonomisU

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GENERAL STATISTICS ILLUSTRATING THE GROWTH OF POPULATION, WEALTH, BUSINESS, AND COMMERCE, 1871-1908.

(COMPILED BY THE CENTRALVERBAND DES DEUTSCHEN BANK- UND BANKIERGEWERBES.)

149 72138—10 10

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TABLE No. 1.—POPULATION OF THE GERMAN EMPIRE, ANNUALLY, 1871-1908.

Year. Number.

1871 40,997,000 1872 41,230,000 1873 41,564,000 1874 42,004,000 1875 42,518,000 1876 43,059,000 1877 43,610,000 1878 44,129,000 1879 44,641,000 1880 45,095,000 1881 45,428,000 1882 45,719,000 1883 46,016,000 1884 46,336,000 1885 46,707,000 1886 47,134,000 1887 47,630,000 1888 48,168,000 1889 48,717,000 1890 49,241,000 1891 49,762,000 1892 50,266,000 1893 50,757,000 1 1894 51,339,000 1 1 1895 52,001,000 1 1896 52,753,000 1897 53,569,000 1898 54,406,000 1899 55,248,000 1900 56,046,000 1901 56,874,000 1902 57,767,000 1903 58,629,000 1904 59,475,000 1905 60,314,000 1906 61,177,000 1907 62,097,000 1908 63,017,000

151

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TABLE No. 2.—TRANSACTIONS OP GERMAN CLEARING HOUSES, 1883-1908.

Number of— Devices presented. Percent Balances age of credited to presented giro devices Year. Amount Average accounts cleared Clearing Members. Number. (thousands (thou (thousands by com houses. of marks). sands of of marks), a pensa marks). tion^

1883 7 85 149,550 887,547 5.9 1884 ' 9 112 1,979,012 12,130,196 6.1 3,121,843 74.3 1885 9 112 2,085,449 12,554,444 6.0 3,269,911 73.9 1886 9 110 2,205,563 13,356,482 6.1 3,516,518 73.7 1887 9 108 2,334,307 14,207,193 6.1 3,430,354 75.9 1888 9 107 2,500,183 15,514,563 6.2 3,676,869 76.3 1 1889 9 116 2,709,770 18,048,962 6.7 4,351,340 75.9 1890 9 116 2,825,314 17,991,301 6.4 4,162,441 76.9 1891 9 117 2,895,245 17,663,274 6.1 4,323,731 75.5 1892 9 118 2,989,835 16,762,791 5.6 4,148,968 75.2 1893 9 117 3,164,308 18,122,616 5.7 4,385,443 75.8 1894 9 115 3,330,874 18,233,033 5.5 4,400,330 75.9 i 1895 9 115 3,633,426 21,121,262 5.8 4,803,784 77.3 1896 9 115 3,889,778 22,720,177 5.8 5,246,923 76.9 1897 9 116 4,073,632 24,016,725 5.9 5,453,371 77.3 1898 10 124 4,490,303 27,975,278 6.2 7,127,921 74.5 1899 10 128 4,897,154 30,237,664 6.2 7,599,797 74.9 1900 10 126 5,186,237 29,472,744 5.7 6,533,468 77.8 1901 10 126 5,409,985 28,922,035 5.3 6,250,803 78.4 1902 11 135 5,791,908 29,969,050 5.2 6,544,680 78.2 1903 11 136 6,303,359 31,136,532 4.9 6,236,714 80.0 1904 11 132 6,664,638 32,635,273 4.9 6,980,494 78.6 1905 12 137 7,341,995 37,602,991 5.1 8,543,437 77.3 1906 13 149 8,177,404 42,036,098 5.1 9,404,708 77.6 1907 14 160 9,183,997 45,313,106 4.9 8,966,382 80.2 1908 17 198 10,531,271 45,960,854 4.4 9,869,551 78.5

a Correspondingly large amounts are deducted from the accounts of other members. 6 The amounts cleared by compensation are calculated by deducting the balances credited to giro accounts from the total amount of presented devices.

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TABLE No. 4.—EXPORTS AND IMPORTS OF GOLD, ANNUALLY, 1880-1907.

[In millions of marks.]

Gold imports. Gold exports. Year.o Coin. Bullion. Total.6 Coin. Bullion. Total.*

1880.. 13. 7.3 20.9 15.6 14.1 29.7 1881.. 12. 1.8 14.0 33.5 12.1 45.6 1882.. 24. 3.7 28.6 30.3 8.9 39.2 1883.. 17. 3.8 20.8 26.5 7.5 34.0 1884.. 11. 7.4 18.4 21.0 9.5 30.5 1885.. 34. 7.9 42.5 14.8 9.7 24.5 1886.. 13. 33.1 46.9 12.4 8.1 20.5 1887.. 35. 20.2 55.5 6.5 8.1 14.6 1888.. 51. 83.0 134.2 74.9 24.2 97.1 1889.. 59. 6.5 66.2 45.2 7.2 .52.4 1890.. 81. 20.4 101.9 34.1 7.5 41.6 1891.. 145. 75.5 220.9 102.4 19.1 121.5 1892.. 112. 66.3 178.5 120.1 29.7 149.8 1893.. 64. 75.8 140.0 86.9 14.6 101.5 1894.. 201. 103.1 304.5 43.5 9.8 53.3 1895.. 49, 47.5 97.4 62.1 20.2 82.3 1896.. 93. 126.3 220.2 100.6 96.9 197.5 1897.. 57. 97.3 154.7 28.6 90.1 118.7 1898.. 151. 175.1 326.2 208.2 13.5 221.7 1899.. 127. 143.8 271.3 122.2 13.5 135.7 1900.. 137. 103.5 241.3 98.3 15.6 113.9 1901.. 136. 120.2 256.8 27.4 24.2 51.6 1902.. 66. 72.6 138.9 46.4 59.6 106.0 1903.. 116. 164.3 280.7 27.4 64.2 91.6 1904.. 235. 218.6 454.0 33.9 31.3 65.2 1905.. 115. 133.3 248.9 53.0 16.3 69.3 1906.. 191. 160.3 361.0 59.7 32.7 92.4 1907.. 84. 122.4 206.4 171.2 52.2 223.4 1908. 214. 150.9 365.2 25.2 31.8 57.0

a Reliable statistics of Germany's gold movements are not available before 1880. b As the value of exports and imports of broken gold, etc., can only be estimated, they are left out of account.

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TABLE No. 5.—STATISTICS OF RAILWAYS, 1880-1908.

Receipts from- Per cent of total Average Receipts receipts from— Fiscal year end number of Total receipts. per Tons carried ing March 31— kilometers in kilometer. one kilometer. operation. Passenger Passen traffic. Freight traffic. gers. Freight.

Kilometers. Marks. Marks. Marks. Marks. Per cent. Per cent. 1880-81... 33,789.22 871,905,456 25,899 236,333,201 591,887,474 28.54 71.46 13,486, 787,096 1881-82.. 34,313.55 907,943,685 26,495 245,029,681 612,051,464 28.59 71.41 14,271, 160,336 1882-83.. 34,922.94 954,324,894 27,362 253,888,791 652,188,275 28.02 71.98 15,581, 834,967 1883-84.. 35,541.74 1,002,291,029 28,237 262,453,802 680,345,131 27.74 72.16 16,352, 763,157 I 1884-85.. 36,453.51 1,012,299,896 27,770 269,612,323 685,053,280 28.24 71.76 16,802, 318,081 1885-86.. 37,199.23 994,511,785 26,768 273,923,360 669,352,922 29.04 70.96 16,600, 123.561 j 1886-87.. 37,758.85 1,021,985,859 27,066 284, 628,698 693,093,963 29.11 70.89 17,124, 370,460 | 1887-88.. 38,593.70 1,089,621,592 28,267 293,896,922 750,733,074 28.13 71.87 18,648, 653,501 1888-89.. 39,724.15 1,166,621,548 29,368 309,903,681 810,691,903 27.66 72.34 20,386, 433,144 I 1889-90.. 40,659.61 1,264,656,117 31,104 333,865,128 873,241,341 27.66 72.34 22,013, 346,934 1890-91.. 41,631.04 1,300,873,605 31,248 357,045,548 881,998,259 28.82 71.18 22.411, 149,256 1891-92.. 42,302.11 1,341,468,083 31,712 367,645,599 907,735,267 28.83 71.17 23,327, 937,709 1892-93.. 42,848.86 1,345,140,366 31,393 366,457,405 913,412,620 28.63 71.37 23.412, 082,979 1893-94.. 43,434. 97 1,404,962,819 32,347 384,703,403 954,053,910 28.74 71.26 24,661, 467,100 1894-95.. 44,065.33 1,408,004,692 31,953 392,198,121 963,450,733 28.93 71.07 24,909, 082,841 1895-96.. 45,358.13 1,495,481,266 33,287 421,074,126 1,011,125,677 29.40 70.60 26,537, 460,919 I 1896-97.. 45,965.26 1,585,741,921 34,499 444,613,053 1,071,271,424 29.33 70.67 28,087, 037,521 1897-98.. 46,819.01 1,674,976,731 35,775 472,847,795 1,124,018,820 29.61 70.39 30,226, 264,786 I 1898-99.. 47,799.99 1,839,829,521 38,490 507,534,235 1,195,539,848 29.80 70.20 32,592, 682,905 1899-1900 48,869.83 1,945,646,712 39,813 533,719,338 1,258,194,948 29.78 70.22 34,996, 498,215 1900-1... 49,696.36 2,030,808,657 40,864 572,963,775 1,309,073,336 30.44 69.56 36,926, 804,163 1901-2... 50,777.69 1,972,879,586 38,853 571,359,398 1,251,697,760 31.34 68.66 35,340, 713,249 1902-3... 51,741.07 2,025,047,917 39,138 577,341,363 1,298,342,924 30.78 69.22 36,687, 090,127 1903-4... 52,549.50 2,162,224,881 41,146 613,285,860 1,400,057,638 30.46 69.54 39,491, 376,772 I 1904-5... 53,575.31 2,266,994,744 42,314 642,100,073 1,468,302,196 30.43 69.57 41,190, 421,366 1905-6... 54,582.83 2,436,662,692 44,642 688,117,509 1,582,288,450 30.31 69.69 44,567, 278,151 1906-7... 55,396.65 2,628,320,972 47,445 736,409,931 1,705,162,123 30.16 69.84 48,296, 651.562 j 1907-8... 56,162.19 2,744,893,975 48,874 747,944,313 1,793,718,707 ' 29. 43 70.57 51,256, 081,332

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TABLE No. 7.—PRODUCTION OF COAL IN THE GERMAN CUSTOMS UNION, 1871-1907.

Production. Principal Average Auxiliary Value per Year. establish number of establish Quantity metric ton ments. workers. ments. in thou Value in in marks. sands of millions metric tons. of marks.

1871 577 150,005 5 29,373 218.4 7.43 i 1872 622 162,172 9 33,306 296.7 8.91 1873 654 178,867 4 36,392 403.6 11.09 1874 637 185,504 7 35,919 387.2 10.78 1875 623 183,823 7 37,436 297.5 7.95 1876 592 182,428 1 38,454 263.7 6.86 1877 540 168,761 2 37,530 217.0 5.78 1878 518 168,068 2 39,590 207.9 5.25 1879 503 170,509 2 42,026 205.7 4.89 1880 497 178,799 2 46,974 245.7 5.23 1881 495 186,335 2 48,688 252.3 5.18 1 1882 491 195,958 1 52,119 267.9 5.14 1883 489 207,577 2 55,943 293.6 5.25 1884 467 214,728 2 57,234 298.8 5.22 1885 469 218,725 1 58,320 302.9 5.19 1886 450 217,581 2 58,057 300.7 5.18 1887 431 217,357 2 60,334 311.1 5.16 1888 422 225,452 65,386 341.1 5.22 1889 406 239,954 67,342 385.1 5.72 1890 425 262,475 70,238 538.0 7.66 1891 424 283,227 73,716 589.5 8.00 1892 423 289,415 71,372 527.0 7.38 1893 415 290,632 73,852 498.4 6.75 1894 346 299,627 76,741 509.1 6.63 1895 329 303,937 79,169 538.9 6.81 1896 332 316,513 85,690 593.0 6.92 1897 333 336,174 91,055 648.9 7.13 1898 .... 331 357,695 96,310 710.2 7.37 1899 331 378,575 101,640 789.4 7.77 1900 338 413,693 109,290 966.1 8.84 1901 336 448,000 108,539 1,015.3 9.35 1902 326 451,187 107,474 950.5 8.84 1903 330 470,305 116,638 1,005.2 8.62 1904 324 490,604 120,816 1,033.9 8.56 1905 331 493,308 121,299 1,050.0 8.66 1906 322 511,108 137,118 1,224.6 8.93 1907 313 545,330 143,186 1,394.3 9.74

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TABLE No. 8.—PRODUCTION OF LIGNITE IN THE GERMAN CUSTOMS UNION, 1871-1907.

Production. Principal Average Auxiliary Value per Year. establish number of establish Quantity metric ton ments. workers. ments. in thou Value in in marks. sands of millions metric tons.l of marks.

1871. 23,752 8,483 26.2 3.09 1872. 866 24,352 9,018 29.5 3.27 1873. 908 25,249 9,753 34.6 3.55 1874. 874 25,718 10,740 39.2 3.65 1875. 840 25,289 10,368 36.9 3.56 1876. 849 25,651 11,096 38.4 3.46 1877. 790 24,418 10,700 35.9 3.36 1878. 756 23,869 10,930 34.5 3.15 1879. 721 24,150 11,445 35.2 3.08 1880. 718 25,358 12,144 36.7 3.02 1881. 696 25,563 12,852 38.1 2.97 1882. 666 25,546 13,260 36.2 2.73 1883. 665 26,824 14,500 39.0 2.69 1884. 660 27,422 14,880 39.6 2.66 1885. 645 28,1S6 15,355 40.4 2.63 1886. 638 29,668 15,626 40.2 2.57 1887. 625 29,408 15-, 899 40.2 2.53 1888. 623 29,630 16,574 40.9 2.47 1889. 620 31,140 17,631 44.3 2.52 1890. 628 33,161 19,053 49.8 2.61 1891. 627 35,682 20,537 54.2 2.64 1892. 621 37,480 21,172 58.5 2.76 1893. 605 36,586 21,574 55.0 2.55 1894. 586 35,620 22,065 53.2 2.41 1895. 568 37,476 24,788 58.0 2.34 1896. 568 38,195 26,781 60.9 2.27 1897. 555 40,057 29,420 66.3 2.25 1898. 568 42,812 31,649 73.4 2.32 1899. 567 44,745 34,205 78.5 2.29 1900 569 50,911 40,498 98.5 2.43 1901 562 58,537 44,480 110.3 2.48 1902. 546 53,740 43,126 102.6 2.38 1903 542 52,518 45,819 107. 4 2.34 1904 533 52,875 48,635 112.1 2.30 1905 533 54,969 52,512 122.2 2.33 1906 536 58,637 56,420 131. 5 2.33 1907 535 66,462 62,547 156. 3 2.50

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TABLE No. 9.—PRODUCTION OF ROCK SALT IN THE GERMAN CUSTOMS UNION, 1871-1907.

Production. Principal Average Auxiliary Value per Year. establish number of establish Quantity metric ton ments. workers. ments. in thou Value in in marks. sands of millions metric tons.I of marks.

1871. 566 2 140 1.1 8.02 1872. 644 2 145 1.2 8.37 1873. 925 2 152 1.4 9.50 1874. 679 2 162 1.4 8.54 1875. 588 2 170 1.3 7.71 1876. 714 2 170 1.2 7.14 1877. 719 2 171 1.1 6.70 1878. 814 2 203 1.4 6.71 1879. 1,067 3 238 1.6 6.68 1880. 785 3 272 1.8 6.63 1881. 755 3 312 2.0 6,29 1882. 767 3 322 2.1 6.54 1883. 799 3 336 2.1 6.21 1884. 683 3 345 1.9 5.63 1885. 10 858 4 j 377 2.0 5.18 1886. 1,062 4 444 2.2 4.84 1887. 817 6 405 1.9 4,59 1888. 752 4 415 1.8 4.38 1889. 791 5 545 2.3 4.14 1890. 1,057 5 557 2.5 4.44 1891. 944 6 667 3.0 4.47 1892. 866 7 663 2.8 4.27 1893. 919 6 669 2.9 4.40 1894. 775 6 735 3.1 4.27 1895. 900 6 687 3.1 4.52 1896. 929 6 759 3.2 4.28 1897. 905 6 763 3.2 4.21 1898. 857 7 808 3.4 4.20 1899. 830 9 | 861 3.8 4.44 1900. 1,233 10 927 4.2 4.58 1901. 1,264 9 985 4.5 4.60 1902. 2,022 8 1 1,010 4.7 4.65 1903. 2,227 10 1,096 5.1 4.62 1904. 962 9 1,080 5.0 4.64 1905. 1,073 10 1,165 5.5 4.72 1906. 1,149 11 1,235 5.9 4.75 1907. 940 . 15 1,285 6.0 4.66

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TABLE No. 10.—PRODUCTION OF CRUDE POTASSIUM SALTS (KALIROHSALZ) IN THE GERMAN CUSTOMS UNION, 1871-1907.

Production. Principal Average Auxiliary Value per establish number of establish Quantity metric ton ments. workers. ments. in thou Value in in marks. sands of millions metric tons. of marks

1,003 375 3.4 8.95 1,173 489 5.6 11.53 1,088 1 451 4.5 10.03 1,070 430 3.5 8.19 1,337 529 4.4 8.35 1,339 581 4.7 8.04 1,692 3 812 6.5 7.95 1,677 2 770 6.4 8.37 1,487 3 662 6.1 9.24 1,788 3 666 6.8 10.19 2,596 3 906 9.4 10.35 3,538 2 1 1,201 11.7 9.72 3,494 4 1,189 11.7 9.80 3,552 3 969 10.4 10.78 4,133 4 921 11.1 12.09 4,803 6 945 11.3 11.93 5,343 5 1,080 12.8 11.89 5,475 6 1,235 14.9 12.07 5,413 8 1,186 15.1 12.76 5,556 7 1,275 16.5 12.95 5,955 8 1,371 17.9 13.05 5,615 5 1,351 18.0 13.29 6,165 8 1,528 20.7 13.54 6,794 8 1,644 22.3 13.56 6,735 9 1,522 20.7 13.61 6,914 8 1,781 25.2 14.13 8,580 10 1,946 26.1 13.39 9,482 11 2,209 29.7 13.42 10,460 11 2,493 32.2 12.90 11,828 15 3,051 39.1 12.82 13,192 18 3,535 43.4 12.29 12,547 22 3,285 40.0 12.18 12,902 24 3,631 42.9 11.81 14,867 23 4,0S5 48.9 11.96 17,108 23 5,043 60.4 11.98 19,535 24 5,542 65.5 11.82 21,237 27 5,749 11.58

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TABLE No. 12.—PRODUCTION OF COPPER ORE IN THE GERMAN CUSTOMS UNION, 1871-1907.

Production. Principal Average Auxiliary- Value per Year. establish number of establisb Quantity metric ton ments. workers. ments. in thou Value in in marks. sands of millions metric tons. I of marks.

1871. 6,610 217 5.5 25.31 1872. 7,158 282 7.1 25.04 1873. 7,025 292 . 7.4 25.38 1874. 6,821 262 6.5 24.70 1875. 6,745 279 6.8 24.49 1876. 7,017 305 7.1 23.40 1877. 7,387 344 7.7 22.51 1878. 8,329 374 8.6 22.93 1879. 9,118 399 10.1 25.26 1880. 10,730 481 12.0 24.95 1881. 12,122 524 14.3 27.36 1882. 12,977 567 14.7 25.98 1883. 14,326 613 16.1 26.21 1884. 15,326 593 18.1 30.58 1885. 16,043 621 19.3 30.99 1886. 14,154 496 14.4 29.08 1887. 14,094 508 14.6 28.67 1888. 14,564 531 17.5 33.00 1889. 15,195 573 18.2 31.74 1890. 15,212 596 20.2 33.83 1891. 15,360 588 20.9 35.51 1892. 14,573 568 20.5 36.13 1893. 13,944 585 18.1 30.98 1894. 13,692 588 16.2 27.61 1895. 13,629 633 15.4 24.28 1896. 14,081 717 17.0 23.64 1897. 14,420 701 19.0 27.13 1898. 14,454 703 19.7 28.01 1899. 14,911 734 20.9 28.45 1900. 15,587 748 23.8 31.85 1901. 15,852 777 24.3 31.26 1902. 16,198 762 20.4 26.81 1903. 16,159 773 20.4 26.46 1904. 16,909 798 21.7 27.22 1905. 17,539 793 23.5 29.62 1906. 17,550 769 25.6 33.37 1907. 17,626 771 26.7 34.62

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TABLE No. 13.—PRODUCTION OF GOLD AND SILVER ORE IN THE GERMAN CUSTOMS UNION, 1871-1907.

Production. Principal Average Auxiliary Value per Year. establish number of establish Quantity Valur in metric ton ments. workers. ments. in thou in marks. sands of millions metric tons. of marks.

1871. 175 9,214 1 5.3 193,01 1872. 168 8,300 2 5.1 206.94 1873. 166 7,494 1 4.7 210.59 1874. 168 7,125 1 4.8 197.00 1875. 162 7,135 1 4.6 217.10 1876. 152 7,475 4.4 189.60 1877. 80 6,098 2 4.0 212.21 1878. 61 5,967 2 3.4 219. 44 1879. 73 6,435 2 3.9 175.15 1880. 70 5,991 4 3.8 185.23 1881. 63 6,766 1 4.3 159. 61 1882. 60 6,253 2 4.3 188. 82 1883. 60 6,613 1 4.4 173.92 1884. 57 6,475 2 4.8 191.33 1885. 44 6,208 3 4.3 174. 66 1886. 42 6,847 1 4.5 210.94 1887. 42 6,489 1 4.2 162. 40 1888. 38 6,204 2 4.1 199. 54 1889. 33 6,024 3 4.0 181.53 1890. 29 6,053 2 4.6 214. 60 1891. 32 5,895 4 4.6 204.12 1892. 30 5,572 3 3.6 207.69 1893. 29 5,258 3.1 165.00 1894. 2 1 28 5,080 1 2.5 132. 01 1895. 20 4,721 1 1.7 157. 51 1896. 18 4,425 1 1.7 151.27 1897, 19 4,045 1 1.5 149. 68 1898, 19 3,645 1 1.9 128. 05 1899 14 3,214 1 1.9 142.08 1900 11 2,925 1 2.1 163. 48 1901 11 2,887 2 1.6 133.99 1902 10 2,614 1 1.4 118. 49 1903 8 2,252 1 1.2 108. 55 1904 7 2,122 1 1.2 115.93 1905 7 1,738 1 1.2 116. 04 1906 1,656 2 1.2 149. 54 1907 1,559 1 1.1 136.01

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TABLE No. 14.—PRODUCTION OF ZINC ORE IN THE GERMAN CUSTOMS UNION, 1871-1907.

Production. Principal Average Auxiliary- Value per Year. establish number of establish Quantity Value in metric ton ments. workers. ments. in thou in marks. sands of millions metric tons.I of marks.

1871. 9,297 335 5.4 16.02 1872. 10,793 420 8.6 20.54 1873. 10,580 445 12.5 28.01 1874. 9,039 451 11.1 24.62 1875. 8,354 468 12.7 27.11 1876. 11,680 534 13.0 24.38 1877. 12,444 577 11.1 19.30 1878. 12,570 597 11.4 19.13 1879. 12,304 590 8.1 13.65 1880. 13,638 633 11.9 18.85 1881. 13,255 660 9.6 14.55 1882. 12,781 695 11.9 17.15 1883. 13,501 678 8.9 13.12 1884, 12,790 632 7.8 12.37 1885. 13,380 681 7.6 11.24 1886. 13,663 705 7.7 10.95 1887. 13,626 901 10.0 11.13 1888. 13,778 668 13.7 20.59 1889. 14,344 709 17.7 24.96 1890. 15,099 759 23.4 30.83 1891. 15,321 794 25.0 31.45 1892. 15,727 800 21.2 26.52 1893 15,107 788 14.3 18.14 1894 14,399 729 10.3 14.11 1895 13,701 706 10.6 14.97 1896. 13,391 730 17.0 23.32 1897 13,749 664 16.9 25.43 1898 14,147 642 22.0 34.36 1899 14,582 665 35.4 53.30 1900 14,364 639 25.8 40.29 1901. 14,636 647 21.5 33.21 1902 14,943 703 29.8 42.44 1903 15,231 683 33.1 48.41 1904 15,915 716 39.5 55.16 1905 16,420 731 47.8 65.42 1906 16,592 705 52.3 74.16 1907 16,528 42.3 60.55

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TABLE No. 15.—TOTAL OP ALL MINING PRODUCTION IN THE GERMAN •CUSTOMS UNION, 1871-1907.

Production. Principal Average Year. establish number of Quantity ments. workers. in thou Value in sands of ' millions metric tons. of marks.

1871.. 3,531 253,823 43,576 314.2 1872.. 3,967 273,930 49,904 415.7 1873.. 4,313 289,756 54,008 535.7 1874.. 3,932 288,980 53,457 505.7 1875.. 3,541 282,901 54,339 416.9 1876.. 3,241 282,234 56,197 380.7 1877.. 2,729 270,217 55,481 333.5 1878.. 2,614 271,979 58,289 324.3 1879.. 2,487 275,711 61,568 318.1 1880.. 2,653 294,670 68,791 375.5 1881.. 2,594 307,510 71,948 389.3 1882.. 2,565 320,662 76,873 412.9 1883.. 2,567 334,137 82,436 436.5 1884.. 2,491 340,759 84,077 438.3 1885.. 2,372 342,394 85,818 439.9 1886.. 2,189 337,193 85,154 430.5 1887.. 2,146 337,634 88,873 448.8 1888.. 2,248 349,998 95,866 494.7 1889.. 2,266 368,896 99,414 555.1 1890.. 2,398 395,339 104,322 725.6 1891.. 2,309 415,985 108,762 775.7 1892. 2,222 422,903 107,884 711.7 1893. 2,117 420,550 110,883 670.3 1894. 1,892 426,781 115,346 675.2 1895. 1,794 430,155 120,294 706.5 1896. 445,048 1,888 131,061 786.7 1897. 1,989 471,203 140,453 859.3 1,956 497,340 148,673 938.9 2,142 526,184 159,065 1,051.6 2,241 573,078 174,667 1900. 1,263.2 2,001 612,781 176,070 1901.. 1,313.9 1,850 608,872 174,880 1902.. 1,235.8 1,829 628,630 190,441 1903. 1,312.0 1,872 653,230 198,785 1904. 1,363.8 1,862 661,310 205,593 1905.. 1,417.7 1,862 688,853 229,146 1906.. 1,637.1 1,958 734,903 242,615 1907.. 1,844.9

72138—10

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TABLE No. 16.—DEVELOPMENT OF GERMAN MERCHANT MARINE, 1871-1908.

Sailing vessels. Steam vessels. Total.

Year. Registered tonnage. Registered tonnage. Registered tonnage. Number. Seamen. Number. Seamen. Number. Seamen. Gross. Net. Gross. Net. Gross. Net.

1871 4,372 900,361 34,739 147 81,994 • 4,736 4,519 982,355 39,475 1872 4,354 891,660 34,273 175 97,030 5,636 4,529 988,690 39,909 1873 4,311 869,637 33,618 216 129,521 6,621 4,527 999,158 40,239 1874.... 4,242 866,092 33,103 253 167,633 8,293 4,495 1,033,725 41,396 1875 4,303 878,3S5 33,085 299 189,998 9,339 4,602 1,068,383 42,424 1876 4,426 901,313 33,215 319 183,569 9,147 4,745 1,084,882 42,362 1877 4,491 922,704 33,255 318 180,946 8,589 4,809 1,103,650 41,844 1878 4,469 934,556 32,659 336 183,379 8,173 4,805 1,117,935 40,832 1879 4,453 949,467 32,362 351 179,662 7,616 4,804 1,129,129 39,978 1880 4,403 974,943 32,158 374 196,343 8,131 4,777 1,171,286 40,289 1881 4,246 965,767 31,003 414 215,758 8,657 4,660 1,181,525 39,660 1882 4,051 942,759 29,593 458 251,648 9,516 4,609 1,194,407 39,109 1883 3,855 915,446 28,094 515 311,204 10,937 4,370 1,226,650 39,031 1884 3,712 894,778 26,937 603 374,699 12,678 4,315 1,269,477 39,615 1885 3,607 880,345 26,014 650 413,943 13,897 4,257 1,294,288 39,911 1886 3,438 854,947 24,839 664 420,605 14,006 4,135 1,282,449 38,931 1887 3,281 821,535 23,451 694 453,914 15,455 4,021 1,284,703 39,021 1888 3,034 758,359 21,053 717 470,364 15,856 3,811 1,240,182 37,076 1889 , 2,820 718,720 19,392 750 502,579 16,684 3,635 1,233,894 36,258 1890 2,703 688,414 18,225 815 617,911 19,419 3,594 1,320,721 37,857 1891 2,675 693,415 17,898 896 723,652 22,317 3,653 1,433,413 40,449 1892 2,593 681,433 17,086 941 764,711 23,509 3,639 1,468,985 40,899 1893 2,634 700,217 17,196 986 786,397 24,113 3,728 1,511,579 41,635 1894 2,593 670,361 16,387 1,016 823,702 24,649 3,729 1,522,058 41,387 1895 2,495 631,506 15,430 1,043 893,046 25,199 3,665 1,553,902 40,984 1896 2,388 618,417 591,036 14,487 1,068 1,319,060 879,939 25,139 3,592 1,969,238 1,502,044 39,997 1897 2,396 596,241 562,876 14,201 1,126 1,427,918 889,960 26,176 3,678 2,059,948 1,487,577 40,805 1898 2,346 579,967 543,391 13,660 1,171 1,565,848 869,800 28,266 3,693 2,189,508 1,555,371 42,428 556,205 1899 2,318 596,428 13,550 1,223 1,674,567 1,038,391 29,111 3,713 2,317,563 1,639,552 43,146 536,399 1900 2,288 578,397 13,268 1,293 1,863,524 1,150,159 31,027 3,759 2,495,389 1,737,798 44,872 525,140 1901 [ 2,270 568,190 12,922 1,390 2,185,890 1,347,875 36,861 3,883 2,826,400 1,941,645 50,556' 507,143 2,093,033 1902 2,236 550,030 12,629 1,463 2,446,244 1,506,059 40,411 3,959 3,080,548 53,946 498,502 2,203,804 1903 2,232 541,845 12,516 1,545 2,636,407 1,622,439 42,984 4,045 3,265,795 56,441 497,607 2,322,045 1904 2,258 542,017 12,701 1,622 2,839,927 1,739,690 46,046 4,156 3,471,525 59,700 493,644 2,352,575 1905 2,294 639,330 12,914 1,657 2,888,639 1,774,072 46,747 4,224 3,517,647 60,616 471,836 2,469,292 1906 2,299 517,343 12,809 1,762 3,121,412 1,915,475 60,303 4,320 3,725,456 64,037 443,148 2,629,093 1907 2,318 489,044 12,794 1,833 3,419,660 2,096,947 53,741 4,430 4,002,896 67,536 .433,749 2,790,435 1908 : 2,345 480,633 12,800 1,922 3,696,447 2,256,783 57,995 4,571 4,282,720 71,853

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TABLE No. 17.—REVENUES OF THE GERMAN GOVERNMENT, 1872-1908. [In thousands of marks.]

Govern Tobacco Brandy- Spark Brewery Stamp Telegraph ment Govern Total in Year. Customs Sugar tax. Salt tax. ling-wine andpost- ment rail Bank tax. tax. tax. tax. taxes. printing come.* omce. office. ways. r 1872. 94,878.0 1,300.4 4,121.0 24,623.4 23,465.1 12,692.6 5,080.4 99,967.0 25,197.0 1,524,548.2 1873. 122,610.0 1,125.0 45,453.4 33,083.9 36,100.2 15,039.7 5,745.7 105,029.6 31,476.1 1,558,925.6 1874. 104,310.8 1,182.3 50,064.2 33,751.7 37,077.9 15,916.4 6,000.7 109,039.2 34,260.7 808,310.5 1875. 110,604.6 810.2 40,241.7 33,247.0 41,622.1 15,771.6 6,105. 6 114,941.1 35,004.1 707,068.1 1876. 134,853.0 1.137.3 50,525. 4 43,147.7 46,731.4 20,203.8 8,183.4 146,818.7 43,815.3 1,957.9 810,902.1 1877. 100,020.1 865.4 45,184.8 34,986.6 36,381.5 15,417.3 6,451.1 123,619. 5 35,263.8 2,153.0 673,733.2 1878. 101,140.0 783.9 40,995.2 35,401.3 37,501.3 15,009.1 6,183.3 126,233.2 1,342.5 36,504.6 2,160.5 911,853.1 1879. 135,318.3 896.7 45,893.3 35,932.4 36,857.0 14,859.8 7,202.7 131,528.8 3,255.3 37,519.2 616.8 725,618.8 1880. 163,583.7 1,262.3 28,046.5 36,644.8 35,366.8 15,464.1 7,721.6 136,647.2 3,187.1 40,102.9 1,800.4 676,757.1 1881. 181,346.4 6,581.1 70,680.9 36,748.9 35,321.4 15,631.7 14,058.9 145,860.7 3,352.3 44,274.0 2,631.1 785,789.6 1882. 187,277.4 11,259.1 46,144.1 37,782.3 37,518.4 16.192.7 19,110.1 151,453.8 3,884.8 44,662.1 3,102.8 760,407.0 1883. 190,805.3 7.620.4 37,774 5 37,933.8 35,511.0 17,168.4 21,143.4 158,190. 4 3,845.4 45,901.2 2,108.5 733,210.8 1884. 208.506.2 8,361.1 32,410. 6 38,693.6 39,693.5 18,063.4 21,640.8 166,207.1 4,014.8 46,731.4 2,136.0 765,670.0 1885. 215,676.5 10,164.6 18,072.7 38,716.7 37,572.2 18,308.4 22,972.3 172,242.2 4,174.0 45,124.2 2,094.4 792,996.2 1886. 232,454.0 9,627.8 15,048.8 39,541.5 36,158.3 19.801.8 27,422.8 179,854.0 4,285.1 47,184.1 991.3 855,374.3 1887. 251,695.7 10,466.3 15,275.9 39,718.5 43,665.3 20,761.8 27,150.9 189,931.1 4,776.3 49,565.7 2,063.8 1,141,097.1 1888. 283,149.4 10,840.8 9,506.9 41,287.3 99,718.4 22,014.3 35,545.9 201,122.4 4,658.2 50,066.4 1,088.2 1,198,282.4 1889. 349,876.1 10,146. 6 52,072.3 40,592.8 109,446.5 24,471.2 42,454.1 214,070.2 4,871.9 53,914.5 3,248.4 1,172,560.2 1890. 368,287.0 11,043.1 58,556.5 41,988.0 120,380.3 24,838.3 35,384.2 224,722.3 5,461.5 54,670.1 7,458.1 1,304,831.7 1891. 378.470.3 11,481.7 65,945.3 42,866.2 118,841.2 24,772.0 33,781.3 234,997.9 5,768.3 57,469.5 8,607.3 1,345,206.7 1892. 360,015.2 11,296.0 65,463.2 42,595.2 115,577.1 24,957.3 31,302.6 246,586.4 5,897.2 59,201.4 4,348.6 1,332,270.8 1893. 336,627.3 10,918.4 71,065.2 43,672.0 1 119,335.5 25,751.5 31,203.2 256,466.7 5,691.5 62,352.6 8,592.7 1,389,742.5 1894. 362,681.0 11,330.0 80,372.2 44,462.7 117,625.4 25,470.2 48,993.8 269,778.0 5,904.9 62,758.0 3,916.0 1,471,458.5 1895. 383,242.4 10,906.2 80,535.1 45,466.6 114,439.1 27,433.7 64,746.9 287,049.6 6,019.1 68,546.0 3,088.3 1,530,698.9 1896. 433,719.3 11,757.8 93,223.2 46,874.0 118,152.1 28,030.9 58,735.5 299,739.2 6,227.6 71,883.6 8,889.1 1,635,619.6 1897. 440,968.2 12,121.3 84,255.4 47,268.7 119,352.1 29,697.2 59,063.6 324,783.3 7,068.0 75,515.2 10,690.7 1,691,829.7 1898. 475,771.0 12,449. 4 96,675.9 47,215.3 120,044.8 30,122.8 65,471.0 349,150.7 7,114.7 80,134.2 14,018.5 1,815,425.1 1899. 461,840.7 11,999.0 104,729.0 48,766.0 126,210.8 30,905.2 67,992.9 373,633.9 7,185.0 86,894.8 22,025.1 1,897,399.6 1900. 465,797.5 12,007.2 123,451.0 49,593.2 124,225.9 31,477.6 80,362.6 394,542.6 7,966.1 89,743.2 25,947.8 1,998,096.9 1901. 494,387.9 12,296.2 106,186.2 49,102.5 123,915.5 31,021.6 85,005.4 413,648.0 8,043.0 84,137.0 12,785.2 2,075,558.7 1902 497,588.6 12,027.4 98,166.2 49,356.5 128,103.4 2,750.2 29.115.9 91,776.0 437,027.2 8,498.4 90,109.0 9,336.8 2,136,924.1 1903 508,340.5 11,208.4 101,905.1 52,258.0 112,619.7 3,675.0 29,803.1 87,047.9 465,106. 4 8,546.2 97,858.0 12,903.7 2,171,570.6 1904 489,862.7 10,951.8 128,311.2 51,512.9 119,568.7 4,364.4 30,058.9 93,683.4 487,771.4 8,784.0 100,630.2 17,034.6 1,869,999.6 1905. 625,845.7 12,239.4 112,908.6 52,751.2 112,446. 5 4,640.3 31,425.9 103,353.9 526,920.0 9,214.3 109,011.1 16,027.2 2,049,234.6 1906 557,045.8 16,643.5 138,404.3 55,844.1 112,882.3 5,070.0 46,160.1 115,632.8 564,697.1 10,567.8 117,625.8 29,205.4 2,111,866.9 1907. 644,745.1 23,642.5 138,365.4 57,843.7 120,681.8 5,356.7 53,771.9 121,651.8 597,165.1 11,621.0 121,536.8 40,132.6 2,316,969.7 1908. 666,974.0 25,638.0 141.436.0 57,194,0 116,797.3 5,457.7 55,266.0 142,128.8 644,106.7 10,929.8 125,532.0 34,669.0 2,494,945.1

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TABLE No. 18.—INCOMES OF THE POPULATION OF PRUSSIA, AS INDICATED BY THE INCOME TAX RETURNS, 1893-1908.

Persons carried on the income-tax rolls, grouped according to incomes assessed, and proportion which each group bears to the total population.

Propor Persons tion Per Persons Per with Per Per Per Per which cent of with cent of assessed cent of Persons cent of Persons cent of cent of the Persons total assessed total incomes total with total with total Persons total Total Total number Year. with popu incomes popu of over popu assessed popu assessed popu with popu number of number of Total of per assessed lation of over 3,000 lation 6,500 lation incomes lation incomes lation assessed lation persons in persons in number of sons in incomes repre marks to repre marks repre of over repre of over repre incomes repre cities sub the open persons column of over 900 sented 6,500 marks. sented (6,000 sented 9,500 sented 30,500 sented of over sented ject to in country- subject to 16 bears marks to by (6,000 by marks by marks to by marks to by 100,000 by come tax. subject to income tax. to popu 3,000 marks. group marks until group until group 30,500 group 100,000 group marks. group income tax. lation in col 1906.) in col 1906) to in col marks. in col marks. in col in col not sub- umn 2. umn 4. 9,500 umn 6. umn 8. umn 10. umn 12. ject to marks. income tax.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

1893... 4,608,677 4,416,272 9,024,949 30.00 1894... 4,702,585 4,444,841 9,147,426 30.12 1895... 7,881,049 25.58 746,013 2.42 186,818 0.61 140,650 0.46 26,035 0.08 4,257 0.01 4,664,066 4,320,756 8,984,822 29.16 1896... 8,046,719 25.67 745,425 2.38 196,849 .63 158,840 .51 31,490 .10 5,750 .02 4,810,445 4,374,628 9,185,073 29.30 1897... 8,256,247 25.92 775,003 2.43 202,966 .64 165,656 .52 32,741 .10 6,317 .02 4,996,739 4,442,191 9,438,930 29.64 1898... 8,553,143 26.44 825,783 " 2.55 217,447 .67 178,159 .55 36,132 .11 7,097 .02 5,246,537 4,571,224 9,817,761 30.35 1899... 9,022,010 27.42 858,294 2.61 227,548 .69 188,569 .57 38,169 .12 7,479 .02 5,550,586 4,791,483 10,342,069 31.43 1900... 9,691,732 28.96 909,773 2.72 240,243 .72 200,706 .60 41,382 .12 8,678 .03 6,024,059 5,068,455 11,092,514 33.14 1901... 10,365,983 30.44 954,055 2.80 251,607 .74 209,876 .62 44,011 .13 8,986 .03 6,467,748 5,366,770 11,834,518 34.75 1902... 10,728,020 31.05 982,938 2.84 254,220 .74 210,486 .61 42,972 .12 8,714 .03 6,742,333 5,485,017 12,227,350 35.39 1903... 11,090,734 31.58 1,009,411 2.87 260,695 .74 212,442 .60 41,571 .12 8,313 .02 7,092,521 5,530,645 12,623,166 35.95 1904... 11,620,855 32.62 1,048,010 2.94 269,746 .76 217,595 .61 42,478 .12 8,346 .02 7,509,402 5,697,628 13,207,030 37.07 1905... 12,262,036 33.81 1,083,802 2.99 277,123 .76 227,251 .63 45,454 .13 9,019 .02 7,965,955 5,938,730 13,904,685 38.34 1906... 12,896,663 35:02 1,124,195 3.05 287,219 .78 237,107 .64 49,321 .13 9,972 .03 8,456,841 6,147,436 14,604,477 39.65 1907... 14,839,130 39.61 1,269,765 3.39 232,698 .62 249,896 .67 53,184 .14 11,058 .03 9,637,235 7,018,496 16,655,731 44.45 1908... 16,176,674 42.54 1,346,812 3.54 241,548 .64 260,828 .69 55,854 .15 11,859 .03 10,416,520 7,677,055 18,093,575 47.58

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TABLE No. 19.—CONSUMPTION OF CERTAIN FOREIGN COMMODITIES WITHIN THE CUSTOMS UNION, 1871-1907.

Coffee. Cocoa. Rice. Tropical fruits. Tea. Yearly average. Total. Per capita. Total. Per capita. Total. Per capita. Total. Per capita. Total. Per capita.

Kilograms. Kilograms. Kilograms. Kilograms. Kilograms. Kilograms. Kilograms. Kilograms. Kilograms. Kilograms. 1871-1875 93,249 2.27 1,941 0.05 63,817 1.55 23,417 0.57 1,018 0.02 1876-1880 101,366 2.33 2,019 .05 72,300 1.66 26,279 .61 1,381 .03 1881-1885 110,907 2.44 2,806 .06 82,611 1.81 34, 111 .75 1,564 .03 1886-1890 114,263 2.38 4,954 .10 84,375 1.76 49,976 1.04 1,912 .04 1891-1895 122,897 2.41 8,148 .16 126,967 2.49 70,990 1.39 2,614 .05 1896-1900 146,851 2.69 15,286 .28 130,443 2.39 107,861 1.98 2,833 .05 1901 171,479 3.01 17,382 .30 121,451 2.13 122,398 2.15 2,877 .05 1902 170,786 2.95 19,605 .34 129,385 2.23 145,190 2.51 3,093 .05 1903 181,055 3.08 20,519 .35 132,598 2.25 158,140 2.69 2,880 .05 1904 178,932 3.00 26,126 .44 155,564 2.61 167,839 2.82 3,119 .05 1905 178,943 2.96 28,291 .47 146,016 2.41 153,778 2.54 2,928 .05 1906 185,334 3.02 34,018 .55 167,224 2.73 166,206 2.71 3,887 .06 1907 188,190 3.02 32,704 .52 156,204 2.51 184,352 2.96 3,923 .06

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TABLE No. 20.—CONSUMPTION OF BEER, TOBACCO, AND SUGAR IN GERMANY. 1871-1906.

Beer.a Tobacco. 6 Sugar, c Year. Per Per Per capita. Total. capita. Total. capita.

Hectoliters. Liters. Tons.d Kilos. Tons.d Kilos. 1871.. 72,522 1,8 197,043 4.9 1872.. 105,332 2.6 241,987 5.9 1873.. 68,993 1.7 265,502 6.4 1874.. 38,649,000 66,237 1.6 243,141 5.8 1875.. 39,317,000 66,381 1.6 287,289 6.8 1876.. 39,135,000 67,534 1.6 214,742 5.0 1877.. 38,337,000 96,039 2.2 257,946 5.9 1878.. 38,197,000 119,851 2.7 263,188 6.0 1879.. 36,613,000 33,106 .7 249,993 5.6 1880.. 37,783,000 56,418 1.3 246,527 6.0 1881.. 38,188,000 72,958 1.6 259,325 5.8 1882.. 38,397,000 53,129 1.2 326,150 7.2 1883. 39,866,000 60,311 1.3 311,215 6.8 1884.. 41,286,000 68,981 1.5 405,319 8.8 1885.. 40,719,000 63,189 1.4 279,367 6.0 1886.. 44,132,000 69,762 1.5 361, 476 7.7 1887., 46,178,000 72,503 1.5 398,163 8.4 46,915,000 66,767 1.4 357,614 7.4 51,911,000 106 75,478 1.5 447,116 9.1 1890.. 52,433,000 106 80,094 1.6 470,253 9.5 1891.. 52,876,000 106 73,686 1.5 476,265 9.5 1892. 54,556,000 108 72,311 1.4 501,319 9.9 1893. 55,461,000 109 75,010 1.5 516,630 10.1 1894. 55,258,000 107 81,736 1.6 552,695 10.7 1895. 60,595,000 116 93,581 1.8 668,860 12.7 1896. 61,518,000 116 93,775 1.8 505,078 9.5 1897. 66,306,000 123 95,266 1.8 636,399 11.8 67,911,000 124 85,095 1.6 680,331 12.4 69,449,000 125 83,102 1.5 764,045 13.7 1900. 70,619,000 125 88,506 1.6 696,566 12.3 1901. 70,995,000 124 92,782 1.6 669,261 11.6 1902. 67,486,000 116 91,780 1.6 728,610 12.5 1903. 68,850,000 117 91,528 1.5 1,020,620 17.2 1904. 69,981,000 117 93,486 1.6 867,337 14.4 1905. 72,442,000 119 102,058 1.7 1,012,637 16.6 1906. 72,842,000 118 89,559 1.5 1,041,625 16.8

(o) For year beginning April 1. (6) For crop year beginning July 1. (c) From 1871-2 to 1879-80 for year beginning September 1; from 1881-2 to 1901-2 for year beginning August 1; from 1903-4 on for year beginning September 1. (d) The ton referred to is the metric ton, equivalent of 1,000 kilos.

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STATISTICS OF BANKS AND BANKING IN GERMANY.

(COMPILED BY THE CEN'TRALVERBAND DE3 DEUTSCIIEN BANK- UNI) BANKIKRGEWEKHES, THE UEICIISBANK AND THE DEUTSCHE OEKONOMIST.)

171

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Assets. Liabilities. PTOJCN Percent tioo of age of Other cash to Bate. Imperial Notes of Loans on Notes in Other cash to total de Bills dis Securi Other Capital. Surplus. demand note cir mand Coin. treasury other collat ties. circula liabili liabili notes. banks. counted. eral. assets. tion. ties. culation. liabilj. ties. ties.

1888. Jan. 7 779,576 18,533 10,510 531,685 63,191 6,214 43,386 120,000 22,872 971,611 329,626 1,273 82.14 61.33 15.... 794,349 19,124 11,534 513,645 49,991 6,921 39,894 120,000 22,872 933,328 350,896 1,036 87.16 63.M 23.... 814,096 20,598 10,953 489,038 44,350 7,290 38,153 120,000 22,872 887,760 384,646 824 94.02 65.0) 31.... 820,660 21,124 12,038 478,749 46,910 7,690 38,128 120,000 22,872 879,095 394,331 569 95.76 66.10 Feb. 7...- 831,888 21,960 10,690 457,515 45,587 8,388 37,347 120,000 22,872 849,232 411,587 537 100.54 67.73 15.... 844,816 19,699 11,440 436,250 45,499 8,904 37,183 120,000 22,872 822,894 428,464 446 105.06 69.09 23.... 855,364 20,677 10,198 428,490 42,986 9,322 37,077 120,000 22,872 812,177 439,219 442 107.86 7Q.Q1 29.... 857,346 19,815 12,720 419,878 47,014 8,623 37,071 120,000 22,872 838,964 410,926 291 104.55 7a IB Mar. 7...- 860,313 20,329 10,726 409,181 47,031 8,818 37,026 120,000 22,872 823,674 416,830 272 106.92 7Q.W 15.... 868,075 20,826 12,269 411,009 45,199 9,559 36,419 120,000 23,894 827,318 426,083 1,675 107.44 Taw 23.... 868,473 20,249 10,021 411,655 45,070 10,024 38,332 120,000 23,894 843,358 410,606 1,289 105.38 70.87 31.... 339,661 17,666 10,053 475,507 63,558 9,122 46,828 120,000 23,894 964,300 347,862 1,069 88.91 65.34 Apr. 7.... 856,973 17,949 9,430 452,382 61,4C0 9,597 37,397 120,000 23,894 934,037 362,064 1,133 93.67 67.50 15.... 878,769 18,710 10,596 438,454 46,932 10,183 35,695 120,000 23,894 896,337 394,095 869 100.13 69.55 23.... 903,686 19,982 12,148 417,147 44,691 10,642 36,588 120,000 23,894 891,665 404,132 652 103.59 7123 30.... 911,984 19,971 14,552 429,856 50,336 9,523 37,117 120,000 23,894 931,840 392,496 567 100.01 7a 37 May 7.... 923,852 20,406 12,283 412,328 47,557 10,149 38,184 120,000 23,894 904,670 410,676 539 104.60 7LM 15.... 939,735 21,724 12,123 400,433 45,996 11,179 38,147 120,000 23,894 878,406 441,863 487 109.45 7183 7159 23.... 975,550 22,267 12,046 399,658 43,860 13,114 39,609 120,000 23,894 857,068 498,920 661 116.42 73.09 31.... 989,439 22,822 12,013 409,806 45,848 7,919 46,623 120,000 23,894 880,891 504,057 543 11191 7480 June 7... 1,002,254 23,562 9,955 393,286 44,566 8,064 38,510 120,000 23,894 865,141 505,238 578 118.57 74.94 15... 1,006,699 24,181 10,947 388,103 44,369 9,193 41,094 120,000 23,894 882,771 492,834 2,414 116.78 73.37 23..., 1,011,957 23,697 9,474 407,830 44,942 12,506 49,815 120,000 23,894 928,650 482,867 1,819 111.52 68.81 30.... 988,008 21,034 9,282 466,559 74,873 10,207 44,269 120,000 23,894 1,058,848 407,554 1,534 95.30 23,894 7a« July 7... 987,507 20,919 9,053 443,410 63,080 9,974 43,290 120,000 1,006,507 424,003 1,171 100.19 23,894 7183 15 990,419 21,224 8,760 429,913 48,436 11,041 42,578 120,000 965,081 441,282 763 104.82 23,894 935,087 109.03 73.80 23.... 997,579 21,941 8,815 402,892 43,913 12,565 40,765 120,000 446,427 660 23,894 048,339 106.87 73.85 31 991,720 21,743 10,070 399,245 45,391 11,306 V 39,815 120,000 424,068 583 23,894 109.07 74.91 Aug. 7.... 988,703 22,386 9,941 384,104 42,145 11,219 926,975 422,847 545 38,895 120,000 74.73 15.... 976,446 23,068 381,579 42,022 23,894 916,858 420,796 404 109.02 11,823 12,065 38,372 120,000 74.69 23.... 974,661 22,609 384,264 41,159 23,894 914,846 420,433 374 109.01 9,704 13,436 36,818 120,000 74.64 963,763 21,955 387,724 44,344 23,894 939,851 380,729 478 104.88 31.... 9,916 4,649 35,947 120,000 75.04 Sept. 953,856 21,983 382,680 43,001 23,894 925,693 374,789 353 105.42 7 ... 7,854 4,304 34,726 120,000 73.21 932,774 21,701 404,354 43,836 23,894 934,477 369,359 403 102.14 15 ... 9,585 4,619 35,028 120,000 73.00 927,347 21,620 408,668 43,424 23,894 939,489 360,547 101.00 23 ... 8,144 4,372 35,126 120,000 66.17 18,052 476,878 85,086 23,894 1,070,199 290,680 84.14 30 ... 882,465 6,690 4,416 36,203 120,000 66.27 18,221 460,419 89,284 23,894 1,063,310 269,363 83.06 Oct. 7... 864,969 9,163 3,421 35,503 120,000 69.09 15 ... 858,489 18,330 425,450 68,489 23,894 1,014,738 254,855 349 86.41 9,360 3,602 34,444 120,000 m63 18,854 416,005 53,574 23,894 988,107 263,897 89.43 23... 865,271 9,281 3,560 34,303 120,000 355 859,981 18,621 431,654 71,062 23,894 1,011,125 269,067 239 86.89 31 ... 9,649 4,466 34,062 120,000 7a is 856,898 18,682 411,634 59,853 23,894 990,025 254,541 343 88.44 Nov. 7... 8,285 5,158 33,716 120,000 69.90 860,894 19,447 428,832 49,966 23,894 965,629 293,769 311 0L17 15... 10,412 6,332 33,709 120,000 862,318 19,725 430,416 47,951 23,894 942,516 316,344 494 93.58 23... 9,012 6,649 33,457 120,000 6S.9J 866,162 19,585 443,359 51,906 23,894 971,789 313,198 422 91.15 30... 10,283 7,271 37,466 120,000 69.U 873,514 19,881 437,421 49,093 23,894 988,834 303,932 523 9a 35 Dec. 7.... 8,866 19,113 36,313 120,000 69.13 882,139 19,849 440,200 45,580 23,894 985,889 318,898 2,151 91.49 15.... 10,436 19,319 37,964 120,000 66.4* 863,457 17,907 474,704 49,741 23,894 983,192 342,871 1,639 89.64 23..., 8,546 18,828 43,415 120,000 63.63 31.... 858,474 15,822 517,446 93,074 23,894 1,093,441 302,775 1,501 79.96 9,203 18,324 34,229 120,000 767 Average.. 903,403 20,438 10,226 430,869 52,026 9,232 38,250 120,000 23,702 933,042 381,820

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY, 175 TABLE No. 2.—STATEMENTS OF THE REICHSBANK, WEEKLY, 1888-1907-Continucd. [Amounts stated In thousands of marks.)

Assets. Liabilities. Tropor- Tcrccnt- tlon of ac<> of cash to Date. Imperial Notes of Loans on Notes In Other cash to total do- treasury other Bills dis Securi Other demand Other note cir mand Coin. counted. collat ties. assets. Capital. Surplus. circula liabili notes. banks. eral. tion. liabili culation. liabili ties. ties. ties.

Jan. 7 860,328 16,644 481,667 81,196 7,555 38,359 120,000 23,894 1,054,896 290,524 1,050 ! S3.13 65.18 15 880,384 18,194 11,910 463,098 51,541 5,016 36,778 120,000 23,894 997,851 31'.). t-40 670 90.05 08.19 23 897,848 19,685 10,408 459,724 43,044 8,799 34,315 120,000 23,894 955,408 ECMOt) 54G 96.03 C9.31 31 907,259 20,573 10,724 457,226 43,947 8,061 34,357 120,000 23,894 952,300 379,500 550 97.42 69.66 Feb. 7 915,485 17,843 9,359 446,636 41,970 7,554 33,431 120,000 23,894 920,037 394.047 676 100.79 70.65 15 925,767 18,737 11,724 429,675 41,925 5,810 33,194 120,000 23,894 902,397 413,497 49S 104.67 71.75 23 933,052 19,387 9,474 433,025 41,457 7,303 33,147 120,000 23,894 890,093 435,805 471 107.00 71.63 28 933,225 19,666 11,349 420,407 47,164 5,850 32,990 120,000 23,894 697,509 422,267 445 106.17 72.20 liar. 7 934,417 20,479 8,882 410,512 45,129 6,981 33,061 120,000 24,435 880,497 428,408 1,617 108.45 72.95 15 939,568 21,290 10,202 409,646 44,166 7,705 32,874 120,000 24,435 879,483 435,709 970 109.25 73.00 23 938,782 21,212 9,285 421,862 43,885 8,371 32,930 120,000 24,435 885,545 440,323 619 10S.41 72.40 31 914,322 18,598 8,031 480,763 65,081 7,922 33,621 120,000 24*435 1,022,639 354,939 723 91.23 07.72 Apr. 7 911,044 19,122 9,250 472,200 61,717 8,874 32,952 120,000 24,435 1,005,979 359,667 782 92.46 68.11 15 931,181 20,016 11,913 443,270 50,870 10,803 32,653 120,000 24,435 959,122 391,813 510 99.17 70.41 23 936,109 20,645 8,82* 432,930 49,939 11,547 32,651 120,000 24,435 943,323 399,291 481 101.42 71.26 30 939,937 20,598 10,928 451,754 59,558 11,277 32,447 120,000 24,435 996,605 379,806 445 06.38 09.70 May 7 944,123 21,338 10,659 434,197 56,483 12,052 32,319 120,000 24,435 971,213 389,525 509 09.41 70.95 15 953,577 22,246 11,587 431,377 54,353 12,789 32,524 120,000 24,435 959,(304 40S,4SC 403 101.09 71.33 23 963,013 23,003 10,370 426,874 51,718 13,514 32,473 120,000 24,435 929,968 440,061 390 106.03 71.97 31 958,946 23,089 10,893 448,926 61,691 12,040 32,552 120,000 24,435 955,687 441,428 372 102.76 70.20 Jane 7 953,407 23,317 9,420 448,677 58,417 11,402 32,480 120,000 24,435 931,632 454,301 522 104.84 70.47 15 957,054 24,321 10,293 461,346 57,801 12,801 32,688 120,000 24,435 936,482 469,408 2,474 104.79 C9.80 23 951,804 23,787 9,470 488,471 64,106 13,470 32,937 120,000 24,435 974,090 459,483 1,961 100.15 08.05 30 910,830 20,438 8,603 552,697 104,016 10,257 36,630 120,000 24,435 1,101,341 391,800 1,822 84.56 62.37 Jaly 7 900,419 20,216 9,462 534,036 93,317 10,346 36,424 120,000 24,435 1,072,127 383,610 1,253 85.87 03.24 15 900,231 20,760 10,702 SOS, 800 68,507 11,405 35,941 120,000 24,435 1,018,119 390,590 804 90.46 65.38 23 906,841 21,010 10,171 520,873 63,188 13,193 33,299 120,000 24,435 980,C99 439,000 651 94.61 C5.3C 31 899,679 20,251 11,647 543,177 66,663 13,073 33,232 120,000 24,435 1,000,664 437,966 555 91.93 63.94 Aug. 7 891,265 20,754 8,845 530,887 64,029 13,714 32,790 120,000 24,435 975,000 437,133 607 93.43 61.50 15 884,858 20,807 10,372 631,201 61,800 15,779 32,719 120,000 24,435 964,143 443,844 4C4 93.93 04.32 120,000 23 876,592 20,601 8,363 529,284 61,196 16,601 32,594 24,435 964,690 430,674 440 93.00 GJ.3Q 120,000 31 858,109 20,217 10,206 562,974 69,355 11,025 32,700 24,435 992,150 422,209 425 88. .53 C2.10 120,000 24,435 Sept. 7 844,453 20,084 8,645 557,878 64,434 11,382 32,791 989,850 399,098 513 87.34 62.24 120,000 24,435 15 832,340 20,051 8,591 562,040 62,754 11,789 32,560 976,674 402,355 412 87.27 61.81 32,737 120,000 24,435 464 23 821,722 19,570 9,292 578,106 76,307 12,442 987,085 411,537 85.23 60.15 34,216 120,000 24,435 461 30 770,880 17,195 8,547 609,129 123,718 6,779 1,150,527 327,157 68.50 53.33 31,747 120,000 24,435 446 Oct. 7 754,964 17,160 9,155 650,298 104,532 4,299 1,113,093 306,854 69.37 54.38 31,489 120,000 24,435 422 15 758,950 17,774 10,348 598,382 89,654 4,344 1,057,224 301,181 73.47 57.18 31,292 120,000 24,435 299,404 412 23 763,862 18,249 9,135 576,925 73,174 4,380 1,024,601 76.33 59.07 31,352 120,000 24,435 310,038 407 31 756,680 17,949 9,773 599,808 100,112 4,639 1,056,676 73.31 56.68 31,417 120,000 24,435 285,963 583 Nov. 7 755,048 18,147 9,273 558,770 91,392 4,569 1,028,734 75.16 58.81 33,368 120,000 24,435 319,015 392 15 761,791 18,803 11,286 576,993 76,513 5,035 1,009,998 77.29 58.73 32,649 120,000 24,435 351,511 547 23 776,010 19,753 9,483 570,840 70,633 5,106 977,505 81.41 69.88 31,858 120,000 24,435 349,027 384 30 777,864 19,850 10,096 572,431 88,697 4,768 1,000,081 79.76 £9.13 31,322 120,000 24,435 329,405 463 Dec. 7 776,676 20,383 9,473 543,199 83,471 2,457 981,110 81.24 60.82 31,405 120,000 24,435 343,160 102 15 776,092 20,482 8,794 559,799 85,875 2,628 985,666 S0.S2 69.95 32,559 120,000 24,435 363,807 2,102 56.01 23 765,033 18,933 10,173 597,966 106,134 3,479 1,013,695 77.34 32,384 120,000 24,435 348,196 1,334 49.79 31 734,579 16,640 13,259 653,727 186,219 28,447 1,160,530 64.73 385,461 712 Average 871,592 19,997 9,965 510,303 69,851 9,364 33,109 120,000 24,345 987,314

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 176 NATIONAL MONETARY COMMISSION.~~

~~TABLE No. 2.—STATEMENTS OF THE REICHSBANK, WEEKLY, 1888-1907—Continued. [Amounts stated in thousands of marks.J~~

Assets. Liabilities. Propof. Percent tionof age of cash to Other Date. Imperial Notes of Loanson Notes in Other cash to totalfe Bills dis Securi Other Capital. Surplus. demand note cir mand Coin. treasury other counted. collat ties. • circula liabili notes. banks. eral. assets. tion. liabilb ties. culation. liabili ties. ties.

1890. Jan. 7 741,967 17,261 11,841 605,018 142,939 26,902 35,810 120,000 24,435 1,108,053 317,292 1,165 53.27 15 760,243 18,527 12,810> 564,627 96,936 26,887 34,655 120,000 24,435 1,052,635 305,542 821 73.98 57.31 23..... 779,833 19,614 10,315 535,653 73,581 26,911 34,771 120,000 24,435 1,009,582 313,729 677 79.19 eaii 31 785,306 19,955 12,669 506,098 76,252 26,753 32,782 120,000 24,435 998,026 304,739 534 80.69 61.81 Feb. 7 792,803 17,696 9,672 470,072 73,458 16,786 32,253 120,000 24,435 961,259 293,791 426 84.32 64.53 15 805,116 19,142 12,841 443,072 77,261 1,886 37,004 120,000 24,435 925,956 312,139 386 89.02 66.57 23 821,288 20,388 8,987 434,149 76,446 2,024 43,696 120,000 24,435 886,052 362,766 375 94.99 67.40 23 822,489 20,044 10,942 485,435 106,061 1,974 42,415 120,000 24,435 916,551 414,004 326 91.92 63.32 Mar. 7 826,246 20,905 9,041 481,854 93,560 2,246 41,675 120,000 25,935 904,086 416,314 2,523 93.70 64.lt 15..... 833,519 21,602 10,445 489,349 73,902 2,640 41,645 120,000 25,935 892,008 425,919 1,622 95.86 6183 23 839,364 22,085 8,446 511,435 77,616 3,340 41,089 120,000 25,935 897,263 450,577 1,404 96.01 63.91 31 803,054 19,269 9,530 594,753 135,760 3,918 43,014 120,000 25,935 1,051,601 401,323 1,208 78.20 56.60 Apr. 7 797,905 19,313 11,869 589,861 123,990 5,558 44,629 120,000 25,935 1,043,728 394,070 1,086 78.30 56,84 15 820,701 20,579 12,118 535,093 89,477 5,759 41,975 120,000 25,935 970,558 783 86.68 61.39 23..... 837,540 21,330 9,490 517,855 77,206 6,058 35,087 120,000 25,935 952,868 90.14 63.67 30 835,963 21,270 13,104 538,768 90,795 6,275 30,139 120,000 25,935 996,742 383,776 62.10 64.44 May 7 846,513 22,138 10,770 497,750 90,282 6,386 30,310 120,000 25,935 972,356 375,289 587 15 856,856 23,050 9,747 492,928 77,104 6,480 29,499 120,000 25,935 943,104 396,043 510 93.30 >65.71 23 869,036 23,221 9,938 471,848 75,945 6,921 30,616 120,000 25,935 920,138 410,214 600 96.97 67.07 65.89 31 870,062 23,672 9,882 484,044 87,167 5,797 33,266 120,000 25,935 940,490 415,927 532 95.03 67.M June 7. 876,871 24,746 9,566 461,005 81,999 6,575 29,970 120,000 25,935 922,740 410,295 687 97.71 66.80 15 883,033 25,254 9,682 481,384 79,086 7,769 31,318 120,000 25,935 930,753 429,020 489 97.59 6159 23 881,821 24,742 10,228 498,353 89,761 8,706 46,888 120,000 25,935 966,056 437,458 1,934 93.84 59.lt 30 849,638 21,826 10,678 567,781 142,463 6,164 32,855 120,000 25,935 1,084,466 389,097 1,615 80.36 6L22 July 7 839,679 21,738 9,407 540,942 114,784 4,748 32,255 120,000 25,935 1,048,744 358,399 1,119 82.14 64.94 15 846,983 21,826 486,151 90,085 31,607 120,000 25,935 989,514 348,332 761 87.80 12,070 5,050 65.75 23 849,338 22,006 481,543 81,388 31,753 120,000 25,935 956,559 368,725 645 91.09 10,886 4,693 64.65 31 838,580 21,408 499,126 83,897 31,751 120,000 25,935 354,887 605 88.18 10,697 1,892 975,283 65.29 Aug. 7 828,911 21,659 485,059 79,920 31,628 120,000 25,935 348,359 577 89.12 10,650 2,472 954,415 65.30 21,769 483,220 78,509 31,472 120,000 25,935 355,451 517 89.95 15 825,363 10,991 3,758 941,785 64.62 489,446 71,488 27,687 120,000 25,935 337,753 505 87.60 23 811,077 21,035 9,279 16,268 949,950 62.33 530,481 67,316 27,838 120,000 25,935 336,574 83.82 31 797,565 20,552 8,683 19,232 976,061 470 62.72 515,331 68,731 120,000 25,935 315,683 83.04 Sept. 7 788,715 20,576 9,551 19,276 27,595 974,627 406 60.89 529,512 68,470 120,000 25,935 340,072 82.10 * 15 781,565 20,025 10,884 37,997 27,775 976,304 188 53.96 66,711 120,000 25,935 80.08 23..... 775,148 18,893 9,536 568,822 40,676 27,704 991,563 355,220 364 5L25 25,935 65.51 30 724,721 16,716 10,823 665,279 115,227 29,490 120,000 1,131,733 315,013 372 50.87 46,259 63.30 Oct. 7 , 678,107 16,582 10,576 641,313 105,665 38,418 120,000 25,935 1,097,497 268,047 410 5127 36,220 68.13 15 * 697,433 16,807 12,209 632,192 95,433 45,211 120,000 25,935 1,048,322 318,234 375 54.51 29,261 72.26 23 716,791 17,285 9,562 616,703 79,358 40,486 120,000 25,935 1,015,942 330,842 379 54.43 29,291 69.87 31..,.. 718,804 16,840 10,228 612,607 90J369 36,908 120,000 25,935 1,052,835 298,940 57.71 29,190 74.02 Nov. 7 730,390 16,963 9,586 568,811 82,190 41,026 120,000 25,935 1,009,642 284,812 53.33 9,057 78.11 15 753,760 17,904 570,299 77,120 43,567 120,000 25,935 335,054 350 59. ff 12,560 12,130 987,873 82.00 23 767,960 18,790 574,073 70,323 36,575 120,000 25,935 365,702 334 58.12 10,046 12,343 959,486 80.69 30 763,902 18,668 598,040 78,796 32,694 120,000 25,935 376,693 211 6a 06 10,491 9,308 969,886 83.U Dee, 7 763,940 19,390 550,602 84,455 32,274 120,000 25,935 361,964 710 60.2* 10,566 9,445 942,528 84.94 15 772,824 19,551 548,316 86,470 33,668 120,000 25,935 382,406 2,206 57.7* 10,950 9,365 932,842 80.51 23 , 781,505 18,180 579,144 98,556 41,510 120,000 25,935 391,303 1,489 53-tf 10,218 21,578 ' 993,272 70.28 758,690 16,249 613,615 146,133 31,792 120,000 25 935 347,748 1,490 31 13,374 37,724 1,102,588 765 Average., 801,019 20,188 '10,591 534,142 89,383 13,916 35,209 120,000 25,685 983,882 361,486

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. 177 TABLE No. 2.-^-STATEMENTS OF THE REICHSBANK, WEEKLY, 188S-lD07-Continucd. [Amounts stated In thousands of marks.) l H i Assets. Liabilities. Propor tion of cash to Date. Imperial Notes of Loanson Notes in Other Other total de treasury other Bills dis Securi Other demand mand Coin. counted. collat ties. assets. Capital. Surplus. circula liabili notes. banks. eral. tion. liabili liabili ties. ties. ties.

1891. Jim 7 770,144 17,031 11,043 561,677 124,787 37,666 35,615 120,000 25,935 1,058,007 333,320 1,150 74.40 66.68 15 * 789,917 18,278 13,198 514,066 91,759 40,112 29,918 120,000 25,035 1,002,052 329,837 800 60.61 60.65 23 817,264 19,407 11,935 496,251 76,132 40,389 2S,4S3 120,000 25,035 058,804 364,020 634 87.26 63.21 31 827,718 20,249 11,945 483,425 81,458 40,023 30,337 120,000 25,035 052,882 381,950 684 88.09 63.53 Feb 7 839,649 18,455 11,177 463,357 73,552 40,150 27,959 120,000 25,035 917,303 390,271 489 03.65 65.63 15 849,990 19,041 10,624 454,080 70,636 31,552 28,501 120,000 25,035 895,755 402,092 400 97.02 60.00 23 870,417 20,357 10,962 446,052 70,252 20,374 28,835 120,000 25,035 8S8,634 417,401 377 J00.24 68.20 28 873,218 20,373 11,641 453,803 83,758 25,544 30,284 120,000 25,935 922,318 409,887 351 96.89 67.08 Vnr 7 877,929 21,250 10,351 465,288 82,880 29,109 27,641 120,000 29,035 012,729 433,744 342 08.62 66.78 15 '. 879,277 21,289 8,918 482,479 77,929 28,983 28,074 120,000 29,003 004,002 403,032 3,359 09.55 05.83 23.... 876,790 21,1C5 9,569 468,665 79,565 27,832 29,871 120,000 29,003 018,761 435,843 2,323 07.74 66.20 31 836,446 18,929 10,571 539,409 107,837 26,803 30,755 120,000 29,003 1,040,092 370,752 1,960 82.17 00.59 Apr. 7 853,458 19,990 11,210 556,284 116,727 29,042 40,958 120,000 29,003 1,015,493 455,343 1,514 80.01 69.33 15 873,056 21,233 12,088 538,291 92,196 26,914 33,399 120,000 29,003 064,556 474,990 1,171 02.72 C2.12 23 889,092 21,880 10,760 635,937 82,916 27,110 31,510 120,000 29,003 942,207 499,377 1,015 00.08 63.19 30 879,423 21,702 10,691 561,749 95,857 25,420 31,380 120,000 29,003 958,570 480,278 898 91.16 61.35 May 7 883,097 22,127 11,311 554,934 92,813 15,522 30,827 120,000 29,003 009,457 482,069 807 03.37 62.34 15 892,494 23,296 12,086 624,987 83,080 15,565 30,961 120,000 29,003 945,846 577,051 714 06.82 60.10 23 912,121 24,066 10,488 596,459 81,793 11,791 30,950 120,000 29,003 917,385 690,681 068 102.05 62.08 31 912,461 24,303 9,490 593,398 83,818 6,107 30,921 120,000 29,003 933,838 565,748 013 100.31 62.47 June 7 915,814 25,017 9,831 556,858 85,407 5,173 30,774 120,000 29,003 919,270 649,396 810 102.35 64.06 15 923,670 24,907 12,400 545,656 89,663 5,342 31,050 120,000 29,003 021,578 650,878 490 102.93 64.42 23 926,112 24,577 10,487 551,169 103,989 5,534 38,638 120,000 29,003 938,001 661,791 1,915 101.29 63.36 30 886,046 21,284 9,956 008,783 156,276 3,121 42,305 120,000 29,003 1,006,007 601,037 1,625 85.11 67.00 July 7 886,178 20,732 8,290 577,813 149,055 3,589 46,238 120,000 29,003 1,023,438 609,458 1,161 88.61 59.16 15 904,470 21,359 10,597 548,859 125,164 3,822 37,979 120,000 29,003 974,056 519,384 062 95.05 61 09 23.. 918,102 21,572 9,375 535,570 100,003 0,419 38,095 120,000 29,003 947,901 521,774 842 09.13 63.94 31 918,350 21,754 10,219 544,794 102,977 6,008 36,908 120,000 29,003 059,370 520,935 857 97.09 03.51 Auff 7.. 923,555 22,291 8,953 505,562 96,254 5,445 39,190 120,000 29,003 932,682 608,434 815 101.41 65.63 15 931, C17 22,503 10,830 476,983 96,515 6,804 38,382 120,000 29,003 918, C73 604,160 765 103.86 67.06 23 948,968 23,055 9,929 478,704 89,589 8,001 39,655 120,000 29,003 914,022 621,335 740 106.24 07.68 31 940,147 22,604 9,951 496,795 92,970 352 37,073 120,000 29,00£ 051,439 486,051 603 101.19 66.07 Sept 7 934,721 23,177 8,274 475,285 94,403 325 34,675 120,000 29,003 939,089 470,137 000 102.00 67.07 33,000 120,000 29,003 15 933,404 23,592 8,852 475,470 95,677 362 937,900 470,042 648 102.03 67.02 37,785 120,000 29,003 23 933,393 22,799 9,095 496,272 94,417 428 948,899 482,554 779 100.77 66.60 44,188 120,000 23,003 30 896,227 20,550 8,947 550,808 125,701 C08 1,094,137 389,614 733 83.79 61.79 42,590 120,000 29,003 401,637 Oct. 7 891,650 20,449 10,007 542,234 121,621 539 1,064,814 739 65.66 62.20 35,399 120,000 29,003 415,701 15 897,089 20,718 11,810 527,268 106,670 605 1,020,867 784 69.00 63.89 33,229 120,000 29,003 434,645 23 905,206 21,156 10,969 529,080 98,377 736 1,000,242 819 02.61 64.55 38,586 120,000 29,003 426,113 31 902,211 20,427 10,754 546,933 104,568 621 1,032,8S2 1,819 69.33 63.24 37,323 120,000 29,003 414,843 Nov. 7 904,076 20,630 9,553 518,686 102,253 644 1,012,979 1,792 91.29 64.76 33,982 120,000 29,003 451,088 15 915,341 20,652 8,409 543,101 103,849 822 1,009,632 1,852 02.71 64.08 34,263 120,000 29,003 495,860 23 935,361 21,343 9,327 535,282 101,491 1,094 976,662 1,855 97.06 64.97 34,268 120,000 29,003 488,269 30 934,035 21,660 10,711 539,566 109,067 1,148 095,279 1,853 06.02 64.42 33,708 120,000 29,003 477,833 65.55 Dec. 7 931,079 22,058 10,244 519,465 103,175 1,242 976,184 1,040 97.64 35,473 120,000 29,003 484,116 15 934,469 21,535 11,694 514,476 105,974 1,210 074,172 3,215 08.14 65.66 44,492 120,000 29,003 460,162 a....;.. 924,745 19,233 9,432 534,310 107,914 1,303 1,014,915 2,659 93.01 61.00 44,178 120,000 29,003 399,707 31 901,880 17,287 12,653 571,898 138,610 1,344 1,122,530 1,305 81.68 60 38

~~Average. 893,789 21,320 10,450 525,810 98,999 12,974 34,946 120,000 28,428 071,666 464,126 1,162~~

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 178 NATIONAL MONETARY COMMISSION.~~

~~TABLE No. 2.—STATEMENTS OF THE REICHSBANK, WEEKLY, 1888-1907—Continued. (Amounts stated In thousands of marks.]~~

Assets. Liabilities. Proper, Percent tionof age of cash to Date. Imperial Notes of Loans on Notes In Other Other cash to total do. Bills dis collat Securi Other Capital. Surplus. circula demand note cir mand Coin. treasury other counted. ties. liabili liabili notes. banks. eral. tion. ties. culation. liabili ties. ties.

1892. Jan. 7 914,466 17,798 12,060 520,393 126,350 1,308 38,064 120,000 29,003 1,085,394 377,027 3,219 & 75 15.... 935,578 „18,890 11,888 493,443 105,106 1,444 37,338 120,000 29,003 1,033,605 405,373 796 92.34 66.33 23.... 959,234 20,178 9,698 485,013 92,945 1,751 35,361 120,000 29,003 989,437 450,113 738 93.99 6&M 31.... 960,446 20,582 9,287 520,839 90,116 1,916 33,794 120,000 29,003 988,974 482,586 642 99.20 66.67 Feb. 7.... 969,229 21,890 9,426 491,549 88,437 2,360 32,942 120,000 29,003 958,700 491,128 721 103.38 68.36 15.... 970,985 23,252 11,423 491,819 84,391 2,655 33,098 120,000 29,003 925,040 520,343 5,316 107.48 68.79 23.... 978,687 24,352 15,249 529,142 91,790 3,217 33,175 120,000 29,003 878,727 628,822 481 114.15 66.53 29.... 978,390 24,482 10,744 544,039 99,039 3,682 35,620 120,000 29,003 891,506 636,561 474 112.49 65.63 Mar. 7.... 973,816 25,031 9,061 536,122 95,079 4,605 33,013 120,000 29,003 889,434 618,932 469 112.30 66.22 15.... 978,928 26,132 11,139 530,158 93,125 5,945 32,879 120,000 30,000 885,559 635,057 2,982 113.49 66.10 23.... 986,657 26,371 11,085 530,679 93,603 6,228 34,301 120,000 30,000 894,275 637,695 2,190 113.28 66.13 31.... 942,408 24,067 11,184 578,910 113,152 6,515 43,976 120,000 30,000 1,026,368 536,636 1,865 94.16 6L83 Apr. 7.... 938,767 24,014 9,576 574,513 105,219 6,998 33,550 120,000 30,000 1,008,497 528,349 4,054 95.47 62.65 15.... 935,879 24,853 10,297 568,931 91,323 7,883 33,038 120,000 30,000 969,686 551,723 3,949 99.08 63.15 23.... 953,223 25,617 10,325 545,253 97,344 8,511 32,825 120,000 30,000 * 951,594 563,426 3,907 102.86 6161 30.... 950,722 25,482 11,013 559,876 105,480 7,397 32,888 120,000 30,000 999,272 535,238 3,864 97.69 63.62 May 7.... 957,703 25,807 9,367 540,324 100,256 7,865 32,172 120,000 30,000 966,700 548,160 3,308 101.74 64.92 65.59 15.... 971,862 27,361 8,965 536,445 96,329 8,755 32,590 120,000 30,000 940,408 583,057 3,250 106.25 67.13 23.... 993,252 28,447 9,820 512,153 95,934 9,453 32,457 120,000 30,000 909,738 612,184 3,491 112.31 66.45 31.... 998,112 28,632 9,595 525,875 102,369 7,047 32,992 120,000 30,000 928,023 617,143 3,170 110.64 67.32 June 7.... 995,667 28,872 9,669 505,268 101,690 7,310 32,975 120,000 30,000 913,374 608,573 3,282 112.17 6a 89 15.... 1,008,156 29,741 10,806 519,927 100,239 8,920 33,131 120,000 30,000 914,107 637,571 4,707 113.54 107.42 6* 92 23.... 1,007,942 28,862 8,203 534,314 98,919 9,292 44,293 120,000 30,000 965,200 607,549 4,174 92.36 6L84 979,257 25,749 9,620 583,321 128,493 6,638 51,325 120,000 30,000 1,088,194 536,945 3,868 95.44 6160 July 7.. 978,935 25,317 9,275 557,185 114,095 6,918 44,783 120,000 30,000 1,052,226 526,712 4,003 102.06 6&61 15.. 9S8,187 26,103 535,787 37,418 993,858 552,133 4,041 10,044 98,696 7,606 120,000 30,000 66.69 23.. 994,382 26,344 524,548 567,464 4,490 105.99 8,927 92,294 7,451 35,464 120,000 30,000 963,024 66.07 31.. 983,204 26,244 532,572 547,338 4,409 102.95 7,567 95,516 6,323 35,409 120,000 30,000 980,509 67.06 Aug. 7.. 979,965 26,518 509,175 543,179 4,383 105.10 8,894 94,427 6,704 34,512 120,000 30,000 957,652 67.16 979,349 26,893 506,974 554,925 6,354 106.66 15.. 10,105 95,150 6,913 34,606 120,000 30,000 943,409 67.71 982,476 27,105 502,274 547,275 6,331 106.98 23.. 8,474 90,840 7,190 34,507 120,000 30,000 943,696 66.83 968,907 26,314 513,438 514,471 102.21 31.. 10,598 93,874 2,279 34,752 120,000 30,000 973,687 6,202 67.B 958,625 26,105 503,335 506,307 103.19 Sept. 7.. 7,955 90,143 2,383 34,361 120,000 30,000 954,280 6,196 67.32 955,234 26,084 505,212 510,693 15.. 9,008 88,222 2,576 34,575 > 120,000 30,000 947,006 6,810 66.44 945,176 25,383 518,280 497,129 100.71 23.. 7,692 88,726 2,612 36,538 120,000 30,000 963,726 6,811 6a30 888,473 21,560 599,389 394,280 7,163 81.63 30.. 8,610 115,373 2,530 37,689 120,000 30,000 1,114,825 6a s* 869,956 21,320 581,110 378,180 7,162 82.01 Oct. 7. 8,796 108,136 2,637 36,652 120,000 30,000 1,086,828 868,240 21,638 566,445 382,550 8i05 an 15. 9,885 97,731 35,645 1,058,709 7,171 5,678 120,000 30,000 86.74 61.39 23. 875,905 22,047 9,189 587,975 1,035,189 427,435 7,159 90,751 5,893 35,261 120,000 30,000 82.36 58.92 31.. 864,954 21,126 9,696 634,746 1,075,800 426,285 7,183 93,255 7,371 36,000 120,000 30,000 82.82 60.22 Nov. 7. 852,352 20,756 7,837 601,202 395,656 7,134 90,713 7,352 34,953 120,000 30,000 1,054,182 85.86 61.0 15. 860,793 21,260 10,447 576,467 408,496 7,335 89,905 7,320 35,331 120,000 30,000 1,027,373 9ft 21 62.66 23. 875,836 22,067 561,844 437,718 8,019 10,895 84,533 9,371 35,260 120,000 30,000 995,361 88.85 62.25 30.. 871,609 22,083 565,677 429,879 8,028 10,578 87,158 9,309 36,509 120,000 30,000 1,005,824 89.47 62.92 Dec. 7.. 866,142 22,422 544,931 419,011 745 8,510 85,017 9,111 36,051 120,000 30,000 993,135 90.89 62.23 15.. 871,936 22,591 552,467 453,193 2,068 9,897 89,389 10,377 40,325 120,000 30,000 984,170 86.35 &$ 23.. 861,750 19,808 557,755 439,367 1, 8,569 90,278 12,834 68,967 120,000 30,000 1,020,897 76-04 56.9S 31.. 837,809 17,754 605,942 361,225 1,277 9,246 H8,897 12,847 59,010 120,000 30,000 1,140,162 4,105 Average.. 942,074 24,194 9,796 541,730 97,643 6,233 36,924 120,000 29,813 984,736 511,898

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. 179 TABLE No. 2.—STATEMENTS OF THE REICHSBANK, WEEKLY, 1888-1907--Continued. [Amounts stated in thousands of marks.]

Assets. Liabilities. Propor Percent tion of age of cash to Date. Imperial Notes of Loans on Notes in Other Other cash to total de Coin. treasur; other Bills dis collat Securi Other demand note cir mand counted. ties. assets. circula liabili notes. banks. eral. Capital. Surplus. tion. liabili culation. liabili ties. ties. ties.

1893. 7 863,289 18,187 10,481 556,979 101,862 11,916 45,617 120,000 30,000 1,087,811 301,274 1,212 81.03 60.83 15 878,218 19,103 10,151 523,043 93,79S 11,848 44,788 120,000 30,000 1,036,020 386,458 790 66.61 63.08 23 902,330 21,163 10,293 501,142 83,668 10,997 38,675 120,000 30,000 989,164 418,860 564 93.36 65.59 31 901,490 21,164 11,175 500,457 86,139 10,673 37,071 120,000 30,000 ' 987,726 410,609 541 93.41 65.56 fdu 7 899,751 21,914 8,740 483,775 82,035 10,561 36,048 120,000 30,000 952,878 428,070 353 96.72 60.71 15 913,772 23,468 11,271 475,384 80,380 10,731 36,129 120,000 30,000 923,507 406,155 360 101.48 67.44 23...... 929,139 24,526 9,262 481,094 77,762 8,695 35,701 120,000 30,000 904,640 498,835 1,295 105.42 67.05 28 924,350 24,584 9,511 478,047 85,948 8,279 35,274 120,000 30,000 927,941 476,278 339 102.26 67.58 Mar 7 919,376 24,967 9,106 465,500 82,470 8,378 34,472 120,000 30,000 026,134 456,280 3,285 101.97 68.31 15 928,335 25,968 11,788 473,444 80,758 7,740 34,750 120,000 30,000 917,650 488,486 2,036 103.99 67.87 23 923,846 25,736 8,359 490,419 80,362 6,381 37,018 120,000 30,000 935,520 478,310 4,270 101.50 67.10 31 868,955 23,010 8,110 586,339 97,173 6,539 38,175 120,000 30,000 1,070,481 399,654 2,524 83.32 60.07 Apr. 7 849,345 22,970 9,121 559,449 94,995 6,626 44,242 120,000 30,000 1,059,328 372,104 1,201 82.35 60.94 15 858,399 24,041 11,962 550,145 79,784 11,977 35,079 120,000 30,000 1,012,542 403,118 030 87.15 62.33 23 871,375 24,844 10,827 544,420 76,642 9,072 34,879 120,000 30,000 989,607 426,848 863 90.57 63.27 30 863,312 24,274 10,085 658,118 100,837 9,633 41,030 120,000 30,000 1,012,666 538,705 758 87.65 57.21 May 7 864,587 24,789 10,082 643,907 108,336 4,715 34,401 120,000 30,000 990,415 543,552 740 89.80 57.98 15 870,642 25,692 12,219 661,883 86,725 4,930 34;498 120,000 30,000 062,984 570,618 642 93.08 58.22 23 884,344 26,768 10,379 638,892 84,280 5,480 31,963 120,000 30,000 931,618 593,159 697 97.80 59.75 31 885,703 26,900 12,029 649,713 90,245 5,930 32,313 120,000 30,000 947,087 597,979 972 96.36 50.07 June 7 882,265 27,459 10,101 631,002 88,027 5,891 32,248 120,000 30,000 930,707 5S8,154 981 97.75 50.90 15 882,346 27,748 11,760 63S,887 87,330 5,986 32,354 120,000 30,000 928,899 599,602 2,872 97.98 59.54 23 870,628 26,943 10,176 644,986 91,860 6,028 34,587 120,000 30,000 971,398 555,848 1,859 92.40 58.77 30 813,721 24,338 9,128 721,565 145,813 5,779 37,268 120,000 30,000 1,099,976 499,142 1,635 76.19 55.41 July 7 802,222 23,210 9,540 684,992 120,261 4,594 36,604 120,000 30,000 1,059,983 464,637 1,311 77.87 24.14 15 808,533 23,996 11,641 655,483 92,284 4,752 35,595 120,000 30,000 1,012,585 402,099 1,188 82.22 56.42 23 816,747 24,626 10,177 642,132 82,459 4,552 33,076 120,000 30,000 975,727 480,640 911 86.23 57.77 31 809,774 24,442 10,730 640,633 93,733 4,510 35,431 120,000 30,000 989,785 471,789 851 84.28 57.08 Auff. 7 807,519 24,383 11,139 599,346 90,198 3,830 33,493 120,000 30,000 965,536 446,171 851 86.16 58.93 15 807,686 25,234 9,697 614,991 80,851 4,000 33,341 120,000 30,000 949,445 400,590 1,814 87.73 58.82 23 816,582 25,559 9,105 598,551 75,228 4,058 33,579 120,000 30,000 925,058 478,271 746 91.04 60.01 31 . 803,722 25,672 10,058 614,148 80,047 2,986 33,830 120,000 30,000 950,437 460,286 745 87; 26 58.79 33,207 Sept 7 798,029 25,563 7,603 584,727 81,136 2,920 120,000 30,000 938,626 434,690 '778 87.74 59.07 34,414 15 795,946 26,371 9,653 584,049 85,991 3,142 120,000 30,000 927,823 451,319 692 88.63 59.63 42,175 120,000 23 792,384 25,622 11,440 596,468 81,111 3,226 30,000 943,503 447,769 753 86.70 58.80 • 51,286 120,000 30 738,604 22,507 9,349 678,703 130,920 4,558 30,000 1,101,095 372,471 779 69.12 51.65 46,949 120,000 Oct. 7 739,746 22,723 9,599 638,876 107,103 4,711 30,000 1,061,791 346,088 792 71.81 54.16 4,671 41,987 120,000 30,000 15 750,313 23,299 10,894 618,614 97,499 1,024,859 359,926 89S 75.48 55.87 4,799 37,594 120,000 30,000 23 772,067 23,981 9,084 586,655 94,684 997,341 368,228 887 79.82 5,183 50,683 120,000 30,000 382,636 31 772,816 23,344 10,341 612,558 104,277 1,032,742 901 77.09 56.25 5,270 48,637 120,000 30,000 373,127 Nov. 7... 777,726 23,320 10,057 580,684 101,061 1,009,022 916 79.39 57.96 5,321 45,530 120,000 30,000 393,085 15 798,080 24,111 11,585 557,047 99,006 982,458 868 83.69 59.77 5,341 43,924 120,000 30,000 419,763 23... 819,186 24,762 9,816 544,117 92,737 954,662 1,009 88.40 61.40 5,152 49,195 120,000 30,000 438,564 88.48 30 826,919 24,624 11,688 551,460 97,858 962,413 1,063 60.78 Dec. 5,373 43,309 120,000 30,000 413,049 89.76 7... 829,239 24,915 10,191 524,065 94,759 951,615 1,044 62.55 5,800 53,605 120,000 30,000 431,750 91.10 15.... 839,519 24,819 8,986 514,180 99,677 948,817 2,327 62.61 6,489 59,362 120,000 30,000 405,002 85.42 23.... 832,133 21,644 9,440 540,077 100,982 999,553 1,982 60.79 6,850 65,534 120,000 30,000 373,303 73.62 30 797,709 19,567 9,061 603,995 149,158 1,110,078 3,220 55.10

~~Average... 841,723 24,143 10,146 581,775 93,755 6,393 39,603 120,000 30,000 984,827 452,432 1,220~~

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 180 NATIONAL MONETARY COMMISSION. TABLE No. 2.—STATEMENTS OF THE REICHSBANK, WEEKLY, 1888-1907—Continued. [Amounts stated in thousands of marks.]

Liabilities. Assets. Proper- Percent* tion of age of cash to Other Date. Imperial Notes of Loanson Notes in Other cash to total de Bills dis Securi Other Surplus. demand note cir mand Coin. treasury other collat ties. Capital. circula liabili liabili notes. banks. counted. eral. tion. ties. culation. liabili ties. ties.

1894. Jan. 7 808,807 19,903 10,831 532,757 129,328 6,502 61,818 120,000 30,000 1,072,655 331,400 1,945 77.26 59.02 15 ... 837,177 21,575 13,546 485,316 95,198 6,096 56,664 120,000 30,000 1,014,231 335,212 2,220 84.67 6164 23 872,459 23,240 12,907 478,838 78,240 5,188 48,229 120,000 30,000 960,071 390,518 2,871 93.30 06,32 31 880,027 23,383 11,391 483,031 82,244 6,310 44,915 120,000 30,000 953,172 409,058 3,415 9178 66.33 Feb. 7 888,611 24,085 10,809 484,151 74,703 6,889 39,859 120,000 30,000 932,947 427,429 3,094 97.83 67.09 15 004,445 25,587 11,944 498,943 72,677 6,938 38,406 120,000 30,000 920,152 468,372 4,709 101.07 66.98 23 918, C87 26,161 8,964 512,412 72,018 7,028 36,422 120,000 30,000 892,870 519,380 3,799 105.82 66.90 28 913,469 26,235 9,518 503,916 77,763 6,828 36,708 120,000 30,000 908,572 501,139 4,065 103.43 66.66 Mar. 7 911,218 26,637 9,826 514,009 74,688 7,236 35,726 120,000 30,000 909,578 499,940 4,329 103.11 66.54 15 017,464 27,636 10,350 517,905 73,555 6,793 38,035 120,000 30,000 910,350 519,453 9,995 103.82 66,10 23 906,695 26,578 10,454 536,448 72,715 7,914 40,722 120,000 30,000 932,066 505,289 12,237 100.13 6193 31 856,654 24,103 9,346 610,681 99,692 8,012 43,531 120,000 30,000 1,079,798 409,271 10,949 81.57 £9.15 Apr. 7 851,171 24,462 10,211 601,363 84,499 8,711 48,513 120,000 30,000 1,042,123 427,216 8,017 84.02 &» 15 862,529 25,516 10,119 685,768 75,952 4,294 40,092 120,000 30,000 995,506 448,047 10,779 89.21 61.52 23 883,432 26,851 9,132 554,827 74,315 5,217 39,947 120,000 30,000 966,612 466,131 11,045 94.17 63.53 30 875,387 26,109 10,669 565,137 81,379 5,075 41,042 120,000 30,000 1,005,858 435,577 13,452 89.62 62.54 May 7 876,931 26,399 12,668 553,960 80,441 5,287 39,960 120,000 30,000 989,634 444,769 11,261 91.28 62.98 15 8S9,688 27,228 11,377 560,086 90,240 5,459 56,199 120,000 30,000 945,733 532,981 11,699 96.95 62.01 23 932,769 28,889 10,675 557,447 79,091 6,408 51,125 120,000 30,000 920,547 584,212 11,634 104.47 63.91 63,36 31 935,428 28,895 12,188 566,820 82,786 6,824 50,999 120,000 30,000 932,898 589,078 11,949 103.37 63.93 Juno 7 935,405 29,231 10,027 554,151 81,411 6,923 53,892 120,000 30,000 922,948 585,890 12,170 104.52 6120 15 943,749 29,327 9,751 551,248 80,114 7,040 56,642 120,000 30,000 917,720 597,970 12,200 106.03 63,66 23 945,701 23,308 8,595 558,459 81,260 6,578 63,888 120,000 30,000 958,666 671,405 12,734 101.60 899,366 55,29 30 25,534 10,891 619,686 110,101 7,733 76,310 120,000 30,000 1,109,188 477,466 13,045 83.39 898,483 59.73 July 7 25,300 10,861 598,060 92,537 6,867 76,750 120,000 30,000 1,059,871 486,791 12,288 87.16 . 913,014 62.22 15 25,985 9,163 583,983 80,630 6,663 54,304 120,000 30,000 1,016,692 492,582 14,557 92.36 933,833 63,93 23 26,761 10,051 560,009 76,239 7,086 50,314 120,000 30,000 524,721 12,240 98.22 977,989 62.58 31 926,589 26,043 12,072 565,171 6,980 60,218 120,000 30,000 517,052 12,582 95.45 80,367 998,004 6125 Aug. 7 928,716 25,848 8,121 541,642 7,621 58,083 120,000 30,000 505,445 12,361 97.38 77,935 980,281 65.43 15 943,852 26,418 527,948 6,888 54,145 120,000 30,000 516,600 13,993 100.40 11,327 76,386 966,406 67.06 23 971,643 26,953 518,863 6,517 47,663 120,000 30,000 637,138 12,963 10i95 8,250 71,632 951,499 65.90 31 953,513 5,952 48,869 120,000 30,000 511,029 100.42 25,975 9,930 529,114 76,214 975,346 13,237 66.31 Sept. 7 948/893 6,006 51,755 120,000 30,000 505,111 101.02 25,879 9,034 518,977 73,033 964,925 13,477 65.93 15 954,284 53,058 120,000 30,000 101.92 26,335 8,738 528,750 74,322 5,679 962,182 525,080 13,884 6196 23 956,299 60,463 120,000 30,000 100.96 26,260 8,136 541,683 78,328 5,642 973,197 539,297 14,373 59.29 919,076 83.62 30 22,773 9,071 617,817 101,412 5,945 77,324 120,000 30,000 462,158 14,825 909,082 1,126,400 83.49 60.37 Oct. 7 22,573 10,195 593,919 89,173 6,658 77,645 120,000 30,000 427,431 15,889 62. S3 9-28,882 1,115,925 89.93 15 23,395 10,505 565,935 78,782 6,496 65,405 120,000 30,000 454,468 16,060 6159 952,889 1,058,872 9178 23 24,154 9,676 556,682 74,692 5,953 55,316 120,000 30,000 481,840 16,621 63.64 971,622 1,030,901 92.24 31 23,555 11,929 571,919 79,185 6,845 66,247 120,000 30,000 484,786 16,660 6193 997,308 1,078,856 96.08 Nov. 7 23,713 7,956 550,935 75,814 5,545 76,947 120,000 30,000 508,658 16,901 1,040,825 1,062,659 101.15 15 24,030 10,343 544,824 73,084 5,646 59,630 120,000 30,000 538,379 17,216 1,075,587 1,052,787 106.09 23 24,013 10,298 543,958 5,710 54,717 120,000 30,000 580,423 17,524 1,074,291 70,167 1,036,503 103.13 30 23,620 12,929 541,278 72,485 5,146 45,106 120,000 30,000 542,425 17,803 1,071,196 1,064,627 105.20 69.34 Deo. 7 23,747 8,471 522,876 70,739 5,049 45,129 120,000 30,000 "538,320 18,019 1,069,369 1,040,868 105.23 69.22 15 23,809 9,930 521,066 71,882 4,996 46,039 120,000 30,000 540,392 17,871 1,046,997 1,038,828 98.93 67.66 23 21,157 9,549 537,322 4,545 55,154 120,000 30,000 498,968 18,045 1,014,220 71,971 1,079,682 85.28 31 602,731 4,453 67,458 120,000 30,000 435,350 62.7* 18,691 8,443 100,380 1,211,232 19,794 Average., 934,328 25,184 10,233 547,469 81,079 6,274 53,070 120,000 30,000 1,000,384 492,326 11.931

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. 181 TABLE No. 2.-STATEMENTS OF THE REICHSBANK, WEEKLY, 1888-1907-Continued. [Amounts stated in thousands of marks.]

Assets. Liabilities. Percent age of Imperial Notes of Loans on Other cash to treasury- Bills dis Securi Other Notes in Other Coin. other counted. collat Capital. Surplus. circula demand liabili note cir notes, banks. eral. ties. assets. liabili culation. tion. ties. ties.

1,024,847 18,977 9,573 558,296 89,974 4,446 59,644 120,000 30,000 1,164,040 433,966 17,751 89.67 1,061,834 20,566 12,665 524,791 72,556 4,497 52,129 120,000 30,000 1,101,472 479,818 17,748 98.27 1,085,535 21,882 9,384 509,864 65,013 4,423 49,272 120,000 30,000 1,052,922 522,673 19,778 105.18 1,091,883 22,335 " 9,920 508,868 67,853 4,043 49,074 120,000 30,000 1,055,604 528,370 20,002 105.55 1,098,154 23,342 9,114 489,772 66,306 3,692 47,450 120,000 30,000 1,024,074 543,934 19,822 109.51 1,112,093 24,826 10,804 474,303 66,662 3,853 47,623 120,000 30,000 998,450 571,736 19,078 113.87 1,110,680 25,746 9,548 471,654 64,730 3,785 47,637 120,000 30,000 968,210 595,301 20,269 117.37 1,096,442 25,652 8,584 463,513 71,425 3,774 47,830 120,000 30,000 984,088 562,687 20,445 114.02 1,087,698 26,219 8,536 455,765 66,837 3,948 38,501 120,000 30,000 980,813 549,388 7,303 113.57 1,091,159 27,192 11,028 455,444 66,181 3,923 39,527 120,000 30,000 973,571 563,679 7,204 114.87 1,093,803 27,076 8,228 466,734 65,735 4,123 41,816 120,000 30,000 993,273 556,742 7,500 112.85 1,039,275 24,321 7,699 572,491 93,167 6,143 43,345 120,000 30,000 1,157,191 469,705 9,485 01.91 1,034,861 24,135 10,074 556,225 80,319 6,457 42,119 120,000 30,000 1,130,181 466,727 7,282 93.70 1,036,998 24,800 11,133 525,198 72,018 6,862 41,604 120,000 30,000 1,069,673 490,317 8,623 09.26 1,074,315 26,164 12,525 494,373 69,184 7,073 41,369 120,000 30,000 1,041,938 525,379 7,686 105.62 1,070,382 25,536 9,418 525,293 77,958 7,460 41,325 120,000 30,000 1,095,735 503,633 8,004 100.02 1,065,453 26,309 10,390 503,334 72,335 8,129 40,607 120,000 30,000 1,074,301 494,239 8,017 101.63 1,078,333 27,172 9,826 497,561 68,084 8,504 40,934 120,000 30,000 1,051,243 520,836 8,335 105.16 1,090,878 27,879 10,038 504,963 68,254 8,845 41,094 120,000 30,000 1,027,210 566,098 8,643 108.91 1,076,196 27,474 10,458 531,547 73,022 9,254 42,337 120,000 30,000 1,060,031 551,342 8,915 104.12 1,074,517 27,752 9,884 526,752 70,215 9,909 42,211 120,000 30,000 1,048,129 654,016 9,095 105.17 1,076,796 28,418 10,022 542,552 69,496 9,721 42,468 120,000 30,000 1,054,557 565,704 9,122 104.80 1,073,003 28,167 9,157 551,406 70,355 9,746 45,293 120,000 30,000 1,069,291 558,432 9,404 102.98 1,010,797 24,603 11,188 666,996 118,006 10,424 49,328 120,000 30,000 1,227,712 502,749 18,881 84.34 1,003,167 23,675 8,950 632,499 99,696 9,388 48,760 120,000 30,000 1,186,459 479,709 9,967 86.55 1,014,790 24,020 10,882 588,894 79,210 9,086 48,152 120,000 30,000 1,126,670 487,159 11,205 92.20 1,030,761 24,770 11,479 566,644 75,110 7,633 48,318 120,000 30,000 1,076,758 527,675 10,282 98.03 1,017,968 24,307 12,633 574,078 78,908 7,794 45,768 120,000 30,000 1,093,495 506,432 11,529 95.32 1,017,957 24,531 8,657 551,839 74,702 7,705 44,313 120,000 30,000 1,076,173 492,971 10,560 96.87 1,019,899 24,814 10,559 540,731 74,604 7,840 43,399 120,000 30,000 1,057,639 504,391 9,816 98.78 1,023,471 24,946 8,662 538,533 72,584 6,261 43,430 120,000 30,000 1,040,681 514,960 12,246 100.74 991,367 24,109 10,765 561,802 79,055 6,050 44,646 120,000 30,000 1,073,886 483,514 10,394 94.56 75,445 981,345 23,587 9,967 569,847 5,255 44,300 120,000 30,000 1,061,536 487,586 10,624 94.67 71,522 978,455 23,833 7,970 588,349 5,092 45,196 120,000 30,000 1,059,992 499,405 11,020 94.56 76,609 977,178 24,154 9,365 602,630 5,196 48,810 120,000 30,000 1,079,823 502,355 11,764 92.73 149,899 914,524 20,078 8,674 732,523 5,715 56,571 120,000 30,000 1,282,764 442,538 12,682 72.86 124,655 900,310 19,708 10,806 701,267 6,759 56,702 120,000 30,000 1,244,933 412,106 13,168 73.90 88,752 909,787 20,661 10,726 678,883 7,973 54,658 120,000 30,000 1,176,735 429,551 15,154 79.07 79,209 928,309 21,277 9,915 672,445 8,914 52,120 120,000 30,000 1,148,707 459,225 14,257 82.67 98,323 913,858 20,430 9,765 686,852 11,132 53,550 120,000 30,000 1,192,093 437,248 14,569 78.37 95,936 53,591 120,000 30,000 911,885 20,565 10,401 659,162 11,685 1,161,530 436,674 15,021 80.28 83,140 48,425 120,000 30,000 912,548 21,291 9,174 700,932 11,901 1,141,619 480,045 15,747 81.80 79,620 46,779 120,000 30,000 919,602 20,953 11,182 664,548 11,711 1,117,608 470,726 16,061 84.16 90,929 47,685 120,000 30,000 1,148,755 902,931 20,793 13,499 675,548 12,532 448,680 16,482 80.41 83,604 47,231 120,000 30,000 1,093,734 898,878 21,025 9,090 628,323 12,179 439,841 16,755 84.11 81,530 57,922 120,000 30,000 1,087,877 898,442 21,127 9,046 634,449 12,582 459,986 17,235 84.53 104,428 75,464 120,000 30,000 1,135,181 458,362 888,167 18,671 9,428 650,851 13,781 17,247 79.88 211,194 51,190 120,000 30,000 1,320,089 439,549 853,077 15,954 9,375 769,011 19,985 20,148 65.83

~~1,011,763 23,663 10,003 573,924 83,216 7,858 47,531 120,000 30,000 1,095,593 499,548 12,817~~

~~72138—10 12~~

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 182 NATIONAL MONETARY COMMISSION. TABLE No. 2.-^3TATEMENTS OF THE REICHSBANK, WEEKLY, 1888-1907—Continued. [Amounts stated in thousands of marks.]

Liabilities. Assets. Propor- Percent tlonof age of cash to Other Date. Imperial Notes of Loans on Notes in Other cash to total de Bills dis Securi Other demand note cir mand Coin. treasury other collat ties. Capital. Surplus. circula liabili liabili notes. banks. counted. eral. tion. ties. culation. liabili ties. ties.

1896. Jan. 7.... 869,145 10,293 12,550 690,117 140,299 11,780 53,684 120,000 30,000 1,227,202 398,644 18,022 72.15 64.46 15.... 898,057 18,094 14,564 605,035 113,729 3,706 53,355 120,000 30,000 1,137,069 400,924 18,547 8a 57 59.57 23.... 930,700 19,338 10,282 557,254 92,375 3,651 52,820 120,000 30,000 1,081,935 414,090 20,395 87.81 63.50 31.... 933,681 19,827 13,135 643,698 96,905 3,652 50,601 120,000 30,000 1,078,268 412,279 20,952 88.43 63.97 Feb. 7 .... 943,759 20,856 11,181 511,367 83,059 3,816 49,947 120,000 30,000 1,042,732 410,353 20,900 92.51 66.33 15.... 952,217 22,251 13,551 500,938 78,229 4,175 49,455 120,000 30,000 1,005,677 444,055 21,084 96.90 67.22 23 964,993 23,476 8,698 515,287 75,263 4,520 49,529 120,000 30,000 973,484 496,673 21,609 101.54 67.24 29...., 946,554 22,990 11,299 553,964 86,229 4,875 49,626 120,000 30,000 1,010,559 493,136 21,842 95.94 64.43 Mar. 7.... 941,733 23,646 9,631 558,248 81,483 5,293 38,712 120,000 30,000 997,658 501,860 9,228 96.76 64.3$ 15... 941,246 24,080 10,884 578,610 78,794 5,679 44,695 120,000 30,000 996,253 528,394 9,341 96.90 63.31 23... 941,606 24,457 8,556 593,916 82,279 5,973 41,853 120,000 30,000 1,014,940 523,697 10,003 95.18 62.79 31 ... 879,661 21,273 10,165 732,324 131,£92 6,766 47,212 120,000 30,000 1,248,508 418,890 11,595 72.16 64.03 Apr. 7... 870,920 21,167 11,368 697,819 117,006 7,282 49,048 120,000 30,000 1,183,227 428,562 12,821 75.39 55.35 15... 892,856 22,680 14,189 642,871 96,261 7,365 50,052 120,000 30,000 1,095,344 469,617 11,313 83.58 58.50 23... 915,379 23,634 10,073 621,911 90,887 7,491 48,168 120,000 30,000 1,066,069 489,982 11,492 88.08 60.35 30... 896,515 23,280 11,670 648,445 104,699 7,595 . 48,858 120,000 30,000 1,119,969 458,731 12,362 82.13 58.26 May 7... 903,603 23,883 11,132 633,163 101,731 8,795 44,683 120,000 30,000 1,087,337 477,104 12,549 85.30 59.29 15... 911,041 24,803 12,397 618,601 98,131 8,332 43,035 120,000 30,000 1,048,201 505,592 12,547 89.28 GO. 23 23... 925,800 25,166 10,438 627,896 93,260 7,880 42,905 120,000 30,000 1,023,089 548,753 11,503 92.95 6a 50 31... 921,078 25,155 9,035 643,035 100,558 7,721 44,072 120,000 30,000 1,040,248 •548,464 11,942 90.96 59.56 June 7 ... 924,373 25,614 11,159 609,482 96,771 8,233 43,820 120,000 30,000 1,025,155 531,271 13,026 92.67 61.04 15.... 934,466 26,162 11,371 623,815 95,464 10,324 43,736 120,000 30,000 1,017,701 565,389 12,248 94.39 6a 68 23.... 940,390 25,601 11,467 652,566 95,145 11,285 69,716 120,000 30,000 1,053,370 589,787 13,013 91.70 58.79 22,666 30.... 871,733 7,868 749,759 166,532 11,413 55,119 120,000 30,000 1,229,996 490,650 14,444 72.72 51.98 22,250 July 7..., 869,149 9,859 711,963 134,295 10,870 54,747 120,000 30,000 1,162,981 486,400 13,752 76.65 54.04 23,279 15..., 886,520 13,214 656,811 107,525 10,989 54,643 120,000 30,000 1,089,936\| 498,324 14,721 83.47 57.23 905,916 23,534 23 .... 11,342 631,491 91,503 11,125 56,382 120,000 30,000 1,043,608 524,104 13,581 89.06 59.29 899,343 23,141 31 .... 11,031 648,601 104,223 10,716 58,549 120,000 30,000 1,079,486 511,949 14,169 85.46 57.97 906,064 22,960 Aug. 7.... 10,307 612,187 97,238 7,867 48,974 120,000 30,000 1,043,832 498,375 13,390 89.00 60.24 912,809 23,565 15.... 12,140 603,960 94,823 7,882 44,378 120,000 30,000 1,031,203 503,407 14,947 90.80 61.02 925,469 23,715 23.... 12,481 592,621 90,982 7,605 45,161 120,000 30,000 1,010,077 523,742 14,215 93.97 61.83 902,659 22,665 31.... 10,349 632,625 7,099 45,120 120,000 30,000 1,045,131 510,455 14,559 88.54 59.48 890,795 22,855 Sept 7... 10,656 680,291 5,350 43,760 120,000 30,000 1,041,853 538,646 16,857 87.69 57.81 887,040 23,276 15.... 12,028 656,443 98,563 4,894 44,742 120,000 30,000 1,031,561 529,014 16,411 88.25 58.33 884,702 22,944 23.... 11,406 651,984 98,101 4,970 65,142 120,000 30,000 1,048,800 523,517 16,932 86.54 57.73 815,546 20,000 30.... 8,913 799,507 170,635 4,607 49,333 120,000 30,000 1,257,418 441,653 19,470 66.45 49.18 804,190 20,060 uct. 7.... 11,094 761,987 147,945 5,223 49,705 120,000 30,000 1,207,093 423,350 19,761 68.28 5a 55 819,281 21,161 15.... 11,842 741,307 103,736 5,618 48,213 120,000 30,000 1,138,557 440,403 22,198 73.82 53.23 841,539 21,318 23.... 12,205 703,072 96,103 5,716 48,494 120,000 30,000 1,095,621 461,589 21,237 78.76 55.41 828,558 20,889 53.64 31.... 11,075 711,157 113,130 6,281 58,660 120,000 30,000 1,129,142 448,587 22,021 75.23 832,258 20,845 55.62 Nov. 7... 9,542 671,115 108,737 6,454 56,870 120,000 30,000 1,104,143 429,475 22,203 77.26 844,039 21,070 56.31 15.... 10,870 674,677 100,529 6,364 51,344 120,000 30,000 1,083,645 452,670 22,578 79.83 868,913 21,973 57.49 23 .... 12,632 663,718 100,394 5,645 50,680 120,000 30,000 1,052,512 497,074 24,369 84.64 857,673 21,289 56.0$ 30..... 10,163 684,539 110,158 5,744 51,835 120,000 30,000 1,065,453 501,909 24,039 82.50 855,528 21,487 57.4« Dec. 7.... 10,063 651,013 107,950 5,580 50,708 120,000 30,000 1,041,610 484,580 26,139 84.20 866,211 21,677 56,56 15.... 12,801 674,253 108,887 6,641 54,354 120,000 30,000 1,048,094 521,743 24,987 84.71 855,160 18,613 54.70 23.... 9,838 706,186 116,747 6)748 59,909 120,000 30,000 1,094,163 503,267 25,771 79.86 804,576 16,309 4S.25 31.... 9,493 790,951 197,203 6,423 54,083 120,000 30,000 1,257,925 443,320 27,793 65.26 Average..

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. 183 TABLE No. 2.-STATEMENTS OF THE REICHSBANK, WEEKLY, 1888-1907-Continued. [Amounts stated In thousands of marks.]

Assets. Liabilities. Percent-1 ago of Imperial Notes of Bills dis Loanson Notes In Other cash to Coin. treasury- other collat Securl- Other demand Other note cir-1 counted. assets. Capital. Surplus. circula Habit!- notes. banks. eral. tion. liabili dilation. ties. ties.

824,715 17,377 11,896 691,798 161,359 6,251 59,126 120,000 30,000 1,178,682 416,302 27,538 71.44 856,608 19,300 14,077 619,238 123,413 6,156 59,592 120,000 30,000 1,094,754 424,277 29,353 80.01 885,116 20,367 10,293 603,498 97,178 6,029 60,989 120,000 30,000 1,040,794 404,091 28,585 87.00 878,084 20,402 11,259 612,760^ 100,273 5,127 59,441 120,000 30,000 1,049,678 457,069 30,699 85.00 885,686 21,656 11,960 555,750* 91,972 5,489 61,803 120,000 30,000 1,009,959 444,051 30,300 89.84 907,866 23,325 14,279 514,157 99,752 5,234 58,946 120,000 30,000 973,009 470,018 30,532 95.68 937,781 24,295 10,266 509,331 91,777 4,000 58,488 120,000 30,000 948,443 505,217 32,284 101.44 915,878 23,862 9,208 529,546 100,224 3,542 58,871 120,000 30,000 982,522 477,337 31,272 95.65 915,154 24,628 10,477 510,262 97,877 3,802 58,425 120,000 30,000 972,038 466,829 31,758 96.68 926,699 25,729 13,638 508,534 99,538 3,906 48,105 120,000 30,000 966,951 495,954 13,244 98.50 936,282 25,719 11,480 513,809 98,918 3,665 50,567 120,000 30,000 987,298 489,191 13,951 97.44 860,965 22,829 11,899 674,504 151,685 4,485 52,100 120,000 30,000 1,201,283 411,049 16,135 73.57 856,024 22,754 11,539 642,319 129,751 5,072 54,528 120,000 30,000 1,152,727 406,184 13,076 76.23 872,239 23,615 14,535 593,671 109,000 5,801 51,546 120,000 30,000 1,083,609 422,120 14,618 82.67 895,486 23,992 12,655 577,992 102,565 5,676 52,351 120,000 30,000 1,057,797 449,089 13,631 87.92 883,863 23,114 14,690 620,432 112,981 5,375 52,182 120,000 30,000 1,111,564 437,132 13,941 61.59 899,848 23,781 9,115 597,680 108,569 5,578 51,966 120,000 30,000 1,082,109 450,300 14,068 85.35 913,162 25,071 12,541 577,924 100,699 5,463 52,357 120,000 30,000 1,044,443 478,337 14,437 89.83 929,153 25,619 10,378 566,105 98,073 5,766 55,695 120,000 30,000 1,020,260 505,768 14,761 93.58 918,692 25,314 13,176 609,335 10S,146 5,625 55,957 120,000 30,000 1,045,184 525,898 15,163 90.32 914,702 24,908 8,624 595,102 106,517 5,847 54,559 120,000 30,000 1,025,194 519,736 15,329 91.65 935,415 25,984 12,522 597,806 111,134 7,559 54,713 120,000 30,000 1,006,075 573,667 15,391 95.56 940,769 25,317 10,596 619,670 108,254 7,940 57,483 120,000 30,000 1,047,991 556,247 15,791 92.18 864,717 22,466 12,546 744,934 178,090 6,777 58,967 120,000 30,000 1,221,320 500,515 16,656 72.64 860,494 22,028 9,724 701,879 140,995 6,700 56,938 120,000 30,000 1,159,919 472,651 16,188 76.08 J 876,468 22,751 14,174 649,174 112,935 6,695 58,575 120,000 30,000 1,093,033 481,009 16,670 82.27 j 889,425 22,452 12,556 631,085 100,180 6,061 58,564 120,000 30,000 1,056,324 4C',528 17,077 86.33 30,000 863,372 21,655 15,223 656,596 105,228 6,271 56,589 120,000 1,079,311 477,406 18,217 82.00 30,000 866,666 22,337 9,768 620,149 101,627 6,643 59,470 120,000 1,052,132 467,605 16,923 84.50 30,000 876,859 22,837 11,850 622,810 96,478 6,727 52,738 120,000 1,03S,446 484,558 17,295 86.64 30,000 890,088 23,234 12,478 650,908 94,375 6,499 52,941 120,000 1,030,931 531,634 17,958 88.59 30,000 1,070,683 864,810 22,030 13,569 686,079 101,100 6,828 59,460 120,000 514,299 18,894 82.83 30,000 1,000,774 561,700 852,940 21,840 8,584 756,599' 92,665 8,647 56,793 120,000 19,594 82.00 30,000 1,056,156 532,973 840,887 22,251 11,437 712,720 98,134 8,688 64,934 120,000 19,922 81.72 j 30,000 1,080,822 510,055 841,723 21,967 10,063 724,686 93,832 8,756 60,629 120,000 20,779 79.91 30,000 1,286,923 405,000 21,701 60.25 j 755,946 19,430 12,313 863,744 147,993 8,644 55,554 120,000 748,188 19,537 30,000 1,242,109 385,580 23,020 61.81 i 9,945 829,563 128,781 8,330 56,365 120,000 771,653 20,364 30,000 1,168,414 428,487 23,973 67.79 12,728 802,072 97.372 8,778 57,907 120,000 803,412 20,375 30,000 1,125,550 447,172 24,586 11,126 753,556 90,232 8,775 59,832 120,000 73.19 800,041 30,000 1,164,848 439,424 24,892 19,795 ' 96,362 7,126 71,569 120,000 70.38 12,592 771,679 30,000 811,954 19,442 1,140,842 416,459 25,480 72.88 91,369 7,016 86,282 120,000 8,965 707,753 30,000 1,106,819 450,509 839,347 20,303 6,837 94,940 120,000 25,973 77.67 13,129 667,972 90*773 30,000 1,076,828 478,658 876,573 20,602 5,452 95,300 120,000 26,655 83.32 12,965 636,645 84,604 30,000 1,099,527 470,971 870,038 20,368 4,071 96,201 120,000 27,096 SO. OS 13,910 651.308 91,698 30,000 869,968 20,260 1,082,100 453,115 27,748 82.27 10,234 92,513 3,332 105,889 120,000 610,767 30,000 1,079,721 492,961 29,524 888,942 20,711 3,290 110,915 120,000 84.25 11,475 623,148 93,725 30,000 1,131,974 454,200 30,422 888,343 17,971 3,066 88,178 120,000 80.06 10,092 662,819 96,133 30,000 1,319,972 426,404 34,597 826,556 15,600 37,807 97,422 120,000 63.81 12,079 768,778 172,671

~~Average..# 1,085,704 471,393 21,623 871,450 22,117 11,763 644,763 108,324 6,704 63,599 120,000 30,000~~

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 184 NATIONAL MONETARY COMMISSION. TABLE No. 2.—STATEMENTS OF THE REICHSBANK, WEEKLY, 1888-1907—Continued.~~

~~[Amounts stated in thousands of marks.]~~

Liabilities. Assets. Propor Percent tion of age of cash to Bate. Notes in Other cash to total de Imperial Notes of Loans on Securi Other demand Other note cir Bills dis collat Capital. Surplus. circula liabili mand Coin. treasury other counted. ties. assets. liabili- culation. notes. banks. eral. tion. ties. liabili ties.

1898. Jan. 7 848,458 16,500 14,164 672,517 128,115 27,596 100,363 120,000 30,000 1,233,080 393,458 31,175 70.15 53.18 15 882,992 18,335 14,037 582,647 108,188 17,657 109,801 120,000 30,000 1,151,901 400,163 31,593 78.25 58.07 23 915,157 19,770 13,710 564,395 82,212 7,665 118,952 120,000 30,000 1,096,275 443,397 32,189 85.28 60.72 31 913,449 19,728 12,525 568,701 87,706 7,746 101,646 120,000 30,000 1,090,846 435,971 34,684 85.55 61.12 Feb. 7. 02G,2G2 20,549 11,636 535,000 82,589 2,613 93,418 120,000 30,000 1,056,541 430,710 34,816 89.61 63.66 15 951,416 22,105 14,465 512,240 83,172 2,331 77,656 120,000 30,000 1,012,909 466,384 34,092 96.11 65.81 23 983,574 22,927 11,564 531,199 73,817 2,147 67,447 120,000 30,000 989,962 518,112 34,601 101.67 66 74 28 963,110 22,402 12,647 548,852 85,644 2,421 65,794 120,000 30,000 1,021,855 494,106 34,915 96.44 65.01 Mar. 7 959,785 22,859 12,047 562,159 74,933 2,826 63,007 120,000 30,000 1,021,170 491,167 35,279 96.23 6198 15 973,990 23,713 15,390 580,533 77,796 3,067 51,489 120,000 30,000 1,027,854 533,594 14,530 97.07 63.90 23 974,933 23,458 10,405 606,612 76,854 9,858 52,791 120,000 30,000 1,041,333 550,308 13,270 95.88 62.73 31 882,833 20,683 13,820 770,297 124,214 30,963 55,556 120,000 30,000 1,281,217 452,958 14,191 70.52 52.10 Apr, 7 865,394 20,140 14,103 743,439 106,816 31,577 54,145 120,000 30,000 1,213,934 458,638 13,042 72.95 52.94 15 876,589 22,048 14,863 691,226 87,719 31,933 60,356 120,000 30,000 1,138,898 482,601 13,235 78.90 55.42 23 882,927 22,695 11)867 705,618 74,281 12,087 52,455 120,000 30,000 1,106,742 491,167 14,021 81.83 56.68 30 848,851 22,120 14,748 744,333 89,252 6,418 43,784 120,000 30,000 1,162,328 442,704 14,474 74.93 54.27 May 7 854,982 22,950 13,398 713,423 84,387 7,636 42,991 120,000 30,000 1,129,080 445,956 14,731 77.76 55.74 15 861,831 23,650 14,790 714,347 81,819 7,787 44,395 120,000 30,000 1,092,236 491,227 15,156 81.07 55.92 23 883,410 24,789 11,591 677,649 83,487 8,212 44,510 120,000 30,000 1,056,348 511,508 15,792 85.98 57.93 31 863,177 23,768 12,251 696,420 89,253 7,428 . 44,799 120,000 30,000 1,077,846 492,977 16,273 82.29 56.46 June 7 871,893 24,537 12,720 670,617 89,166 7,435 43,725 120,000 30,000 1,051,667 501,749 16,677 85.24 57.71 15 890,563 25,836 16,625 651,305 90,576 8,082 43,567 120,000 30,000 1,040,049 520,563 15,942 88.11 58.72 23 895,488 25,412 10,494 690,162 89,233 8,582 53,978 120,000 30,000 1,069,964 536,491 16,894 86.07 57.32 30 808,698 22,326 11,959 824,355 180,728 7,300 63,645 120,000 30,000 1,265,909 482,046 21,056 65.65 47.54 July 7 809,320 21,839 11,791 755,277 136,366 7,916 77,676 120,000 30,000 1,202,077 447,655 20,453 69.14 50.38 15 844,477 22,561 17,466 701,114 111,063 8,083 76,552 120,000 30,000 1,136,892 473,531 20,893 76.26 53.84 56.77 23 868,146 22,598 12,182 672,565 89,644 8,311 67,125 120,000 30,000 1,079,959 489,178 21,434 82.48 55.66 31 851,625 22,269 10,191 695,880 95,914 7,373 59,090 120,000 30,000 1,097,073 473,014 22,255 79.66 57.94 Aug. 7 856,833 22,835 11,756 644,009 92,032 7,261 55,554 120,000 30,000 1,068,512 449,714 22,054 82.33 58.51 15 867,417 23,798 14,420 638,198 90,702 7,253 51,053 120,000 30,000 1,043,423 479,805 19,613 85.41 59.72 23 886,827 23,952 11,133 630,250 85,116 6,&46 51,095 120,000 30,000 1,020,259 504,810 20,250 89.27 56.74 30 859,160 23,858 12,961 668,662 91,823 19,385 51,561 120,000 30,000 1,063,623 492,519 21,268 83.02 56.84 8ept. 7 846,659 23,843 12,420 655,284 90,293 23,868 50,476 120,000 30,000 1,064,528 467,089 21,226 81.77 55.54 15 847,709 24,292 15,012 680,887 95,159 27,132 51,918 120,000 30,000 1,070,306 499,805 21,998 81.47 745,631 120,000 1,103,661 23,473 53.65 23 840,701 23,403 8,651 95,729 18,278 51,700 30,000 506,959 78.29 916,916 120,000 30,000 1,339,589 431,732 25,188 42.85 30 738,098 20,857 10,740 172,235 34,866 52,797 56.66 964,029 120,000 30,000 1,293,658 435,816 27,479 43. H Oct. 7 726,129 20,048 12,236 105,470 25,638 53,403 57.68 21,440 933,547 91,715 54,208 120,000 30,000 1,229,516 466,332 28,452 44.50 15 733,142 14,495 25,753 61.37 22,652 877,480 85,790 55,494 120,000 30,000 1,178,463 470,731 29,018 46.86 23 750,925 10,113 25,758 65.58 728,185 21,354 905,731 96,964 54,083 120,000 30,000 1,211,318 443,509 29,605 45.29 31 13,092 15,023 61.88 46.68 Nov. 7 729,312 21,272 11,620 869,806 93,735 53,314 120,000 30,000 1,185,969 421,817 30,199 63.29 8,926 47.61 15 750,235 22,067 15,048 866,908 85,450 54,835 120,000 30,000 1,155,215 466,928 31,085 66.85 8,685 49.42 23 780,509 22,640 10,991 849,416 77,423 58,250 120,000 30,000 1,113,662 511,703 32,172 72.12 8,248 4S.84 30 772,964 22,199 13,105 834,042 82,115 78,548 120,000 30,000 1,138,333 489,658 32,460 69.85 7,478 51.09 Dec. 7 791,437 22,473 11,497 781,134 77,375 84,439 120,000 30,000 1,116,980 476,219 32,722 72.87 7,566 51.88 15 818,717 22,438 14,681 768,252 83,048 89,453 120,000 30,000 1,112,509 508,846 32,962 75.61 7,728 5a 65 23 814,398 19,302 9,989 787,934 85,871 103,447 120,000 30,000 1,167,674 477,336 33,730 71*40 7,799 42.99 31 752,293 16,497 865,281 186,074 101,015 120,000 '30,000 1,357,392 430,923 36,942 56.64 12,247 41,850

~~Average. 850,938 22,162 12,785 713,881 96,439 13,093 64,320 120,000 30,000 1,124,594 474,658 24,366~~

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. 185 TABI-E No. ^.—STATEMENTS OF THE BEICHSBANK, WEEKLY, 1888-1907-Continued. [Amounts stated in thousands of marks. J

Liabilities. Propor Percent tion ol age of cash to Date. Imperial Notes of Loanson Notes in Other cosh to total de treasury other Bills dis Securi Other demand Other note cir mand- Coin. counted. collat ties. Capital. Surplus. circula liabili notes. banks. eral. tion. liabili culation. liabili* ties. ties. ties.

Tm. 7.. 779,846 17,568 12,907 732,721 122,515 33,458 128,451 120,000 30,000 1,250,815 391,957 34,694 63.75 48.54 15.. 810,299 19,042 14,892 673,408 90,087 24,480 129,524 120,000 30,000 1,171,718 404,790 35,224 70.78 52.61 23.. 852,480 21,431 11,412 630,328 74,133 14,583 117,122 120,000 30,000 1,097,016 436,247 38,226 79.66 57.00 31.. 843,060 21,328 14,373 642,433 83,336 14,330 106,041 120,000 30,000 1,112,196 424,230 38,475 77.72 56.26 Feb. 7.. 855,335 22,006 12,290 579,050 81,036 8,730 93,124 120,000 30,000 1,171,203 391,552 38,816 81.90 59.98 15.. 878,282 23,436 15,875 546,155 80,186 8,380 92,036 120,000 30,000 1,035,105 421,735 37,510 87.11 61.90 23.. 900,945 24,169 11,427 580,316 72,103 8,240 101,804 120,000 30,000 1,013,068 503,623 38,313 91.91 61.39 886,526 23,289 13,521 592,737 93,345 7,807 105,802 120,000 30,000 1,049,675 484,631 38,721 86.08 59.30 Har. 7.. 888,824 23,939 12,508 605,065 74,150 7,321 102,180 120,000 30,000 1,038,714 486,049 39,224 87.87 59.86 15.. 910,053 25,096 15,804 636,208 75,573 7,386 81,257 120,000 30,000 1,030,071 555,387 15,919 90.78 58.98 23.. 922,476 24,757 10,542 688,002 68,126 8,135 79,467 120,000 30,000 1,060,320 574,461 16,724 89.33 57.94 31.. 827,831 21,178 12,726 864,297 120,514 9,089 80,636 120,000 30,000 1,265,040 503,192 18,039 67.11 48.01 Apr. 7.. 831,346 21,325 13,978 808,427 104,966 10,045 78,896 120,000 30,000 1,212,670 488,845 17,468 70.31 50.11 15.. 866,742 22,714 16,817 768,037 73,222 10,247 69,408 120,000 30,000 1,139,235 520,592 17,360 78.07 53.59 23.. 897,739 24,212 11,315 742,018 67,229 10,679 62,450 120,000 30,000 1,101,615 546,240 17,787 83.69 55.95 30.. 873,515 22,793 11,981 796,668 73,075 10,624 63,886 120,000 30,000 1,158,245 525,959 18;338 77.39 53.22 May 7.. 881,433 23,323 13,058 738,208 75,967 10,736 62,727 120,000 30,000 1,142,768 194,168 18,516 79.17 55.27 15.. 899,713 24,541 16,933 723,928 77,343 10,671 57,280 120,000 30,000 1,104,470 536,347 19,592 83.68 56.33 23.. 929,244 25,200 12,144 716,782 70,040 10,401 56,071 120,000 30,000 1,063,058 587,136 19,688 89.78 57.84 31.. 916,196 24,863 13,799 767,030 75,859 10,003 57,161 120,000 30,000 1,103,818 591,004 20,089 85.25 55.53 June 7.. 914,736 25,018 17,920 746,817 70,513 10,559 62,208 120,000 30,000 1,081,093 589,981 20,697 86.93 56.24 15.. 928,083 26,087 17,592 758,386 70,981 11,934 54,982 120,000 30,000 1,070,023 626,936 21,086 89.17 56.23 23.. 926,642 25,393 10,297 861,459 68,161 13,082 62,936 120,000 30,000 1,099,761 695,687 22,522 86.57 53.02 833,986 21,917 12,232 943,801 130,751 12,985 88,996 120,000 30,000 1,300,241 570,665 23,762 65.83 45.7S % 7.. 827,130 21,462 13,162 895,456 94,370 10,361 93,709 120,000 30,000 1,250,406 532,206 23,038 67.87 47.60 15.. 846,554 22,243 16,612 834,162 76,366 10,499 90,715 120,000 30,000 1,156,138 567,464 23,549 75.15 50.41 23.. 865,695 22,767 11,302 809,528 68,542 ^0,223 86,499 120,000 30,000 1,110,305 590,263 23,988 80.02 52.25 31.. 835,381 21,424 14,482 806,579 77,829 9,545 66,823 120,000 30,000 1,117,972 539,495 24,596 76.64 51.69 Alg. 7.. 830,795 21,656 12,180 782,305 67,845 9,609 64,900 120,000 30,000 1,098,920 515,344 25,116 77.57 52.81 15.. 843,253 22,630 15,274 762,390 72,998 9,563 63,258 120,000 30,000 1,067,161 546,197 26,008 81.14 53.67 23.. 859,708 23,039 16,001 755,920 63,825 9,647 58,037 120,000 30,000 1,051,162 558,599 26,416 83.93 54.84 31.. 827,067 22,163 10,588 800,438 70,369 10,215 61,258 120,000 30,000 1,090,179 534,634 27,285 77.90 52.27 Sept 7.. 817,548 22,504 10,375 791,797 69,943 10,714 61,909 120,000 30,000 1,084,631 522,059 28,100 77.45 52.28 30,000 15.. 813,790 22,630 16,009 883,586 67,241 10,879 68,244 120,000 1,093,782 608,647 29,950 76.47 49.13 30,000 1,126,960 23.. 801,865 21,323 9,844 918,310 65,687 11,059 71,113 120,000 590,224 32,017 73.05 47.94 30,000 1,382,731 686,691 17,585 13,822 1,127,360 110,665 11,061 82,761 120,000 483,010 34,204 50.93 37.75 30,000 1,303,052 491,582 36,423 °ct 7.. 695,076 17,998 12,969 1,075,638 85,316 11,517 82,543 120,000 54.72 39.73 30,000 1,234,150 499,385 36,951 15.. 704,078 18,849 13,566 1,016,143 75,943 11,189 80,718 120,000 58.58 41.70 30,000 1,180,341 511,266 37,685 23.. 729,904 20,053 11,872 958,416 66,794 11,333 80,920 120,000 63.54 44.33 30,000 1,221,153 488,013 38,561 31.. 707,618 18,996 13,455 992,024 78,946 10,842 75,846 120,000 59.50 42.51 Nov. 7., 30,000 1,183,041 465,420 39,227 61.81 711,772 19,517 12,084 931,670 75,588 10,830 76,227 120,000 44.36 30,000 1,161,377 518,831 40,022 64.70 15.. 731,044 20,415 15,335 954,599 72,455 10,706 65,676 120,000 44.72 23.. 30,000 1,128,557 555,307 41,233 68.30 45.77 749,403 21,380 11,980 949,098 68,567 10,438 64,231 120,000 30.. 30,000 1,147,544 550,238 42,161 65.40 44.20 729,755 20,700 14,478 977,409 74,002 9,569 64,030 120,000 ^ 7.. 30,000 1,137,420 538,961 43,298 67.01 45.46 741,276 20,859 11,694 955,853 68,147 8,879 62,971 120,000 15.. 30,000 1,144,113 589,3S3 44,618 68.41 45.15 762,147 20,503 17,692 989,515 74,097 8,301 55,859 120,000 23.. 30,000 1,202,115 562,754 46,180 63.27 43.10 ,743,263 17,321 12,055 1,028,718 93,202 8,884 57,606 120,000 30,000 1,358,933 475,621 49,137 52.71 39.05 700,896 15,464 11,557 1,079,920 141,675 29,791 54,388 120,000

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 186 NATIONAL MONETARY COMMISSION.~~

~~TABLE No. 2.—STATEMENTS OF THE REICHSBANK, WEEKLY, 1888-1907—Continued. [Amounts stated in thousands of marks.]~~

Liabilities. Assets. Propor Percent tion of age of cash to Pate. Imperial Notes of Loans on Notes In Other Other cash to total de Bills dis Securi Other demand note cir mand Coin. treasury other collat ties. Capital. Surplus. circula liabili liabili notes. banks. counted. eral. tion. ties. culation. liabili ties. ties.

1900. Jan. 7 730,761 16,780 15,478 959,862 107,354 33,291 89,437 120,000 30,000 1,265,455 487,900 49,608 59.07 42.63 15 775,845 19,176 18,087 849,685 84,480 22,850 88,272 120,000 30,000 1,154,208 503,114 51,073 68.88 47.97 23 817,720 21,126 12,015 789,626 74,731 12,870 85,593 120,000 30,000 1,084,271 523,959 55,451 77.36 52.16 31 804,583 21,115 15,960 789,294 80,359 9,257 79,314 120,000 30,000 1,099,677 492,018 58,187 75.09 51.83 Feb. 7 815,054 22,185 13,199 726,083 74,024 9,190 70,102 120,000 30,000 1,057,699 463,945 58,193 79.16 55.02 15 841,798 23,947 17,142 683,287 79,808 9,039 71,142 120,000 30,000 1,022,256 495,046 58,861 84.69 57.06 23 857,958 24,544 11,960 680,738 72,608 8,240 78,132 120,000 30,000 1,006,052 518,460 59,668 87.72 57.89 28 834,510 24,058 12,969 692,800 99,341 8,118 79,988 120,000. 30,000 1,031,342 513,741 57,428 83.25 55.59 Mar. 7 834,121 24,650 11,405 705,100 80,410 5,485 81,449 120,000 30,000 1,022,722 514,394 58,504 83.97 55.87 15 850,337 25,603 17,070 722,922 78,055 8,694 80,716 120,000 30,000 1,012,150 561,225 60,022 90.22 55.67 23 859,927 25,213 10,169 759,880 76,558 9,926 73,126 120,000 30,000 1,034,593 600,688 29,518 85.55 54.13 31 743,665 21,252 13,395 972,963 145,717 20,590 61,166 120,000 30,000 1,309,970 487,797 30,981 58.39 42.55 Apr. 7 754,485 21,383 13,953 906,342 99,040 47,014 65,235 120,000 30,000 1,217,642 514,485 25,325 63.72 44.79 15 772,492 21,923 15,196 839,780 70,297 42,131 68,148 120,000 30,000 1,145,226 509,085 25,656 69.37 48.02 23 821,865 23,840 13,545 787,011 66,213 35,190 70,994 120,000 30,000 1,103,698 538,270 26,690 76.62 51.51 30 800,737 22,926 14,373 815,812 79,976 36,025 69,793 120,000 30,000 1,164,622 498,688 26,332 70.72 49.52 May 7 806,990 23,238 15,963 775,244 71,300 26,554 65,928 120,000 30,000 1,133,489 476,032 25,696 73.25 51.58 , 15... 834,788 24,777 17,603 754,719 72,803 11,361 58,028 120,000 30,000 1,098,876 500,545 24,658 78.22 53.74 23 863,088 25,355 12,464 737,433 63,864 10,292 62,825 120,000 30,000 1,050,459 549,475 25,387 84.58 55.53 31 844,645 25,287 13,920 771,298 73,547 9,658 74,770 120,000 30,000 1,090,761 546,576 25,788 79.75 53.13 a 05 June 7 846,529 25,593 13,701 735,973 74,312 8,450 85,306 120,000 30,000 1,060,882 552,634 26,348 82.21 54.90 15 867,548 26,332 15,162 742,953 76,304 8,752 98,651 120,000 30,000 1,045,776 612,718 27,208 85.48 54.08 23.. 888,139 25,846 11,120 754,013 68,096 7,873 113,204 120,000 30,000 1,074,153 615,968 28,170 85.09 46.75 30 822,247 22,024 13,549 896,227 130,606 6,379 94,401 120,000 30,000 1,309,865 496,006 29,562 64.45 29,154 50.45 July 7 841,043 22,445 14,162 805,293 93,350 6,878 107,607 120,000 30,000 1,212,104 499,520 71.24 29,834 53.4S 15 858,903 22,997 12,635 754,528 72,686 6,743 100,520 120,000 30,000 1,146.662 502,516 76.91 30,655 5€ 12 23- 888,392 24,290 11,072 718,730 67,359 6,821 90,423 120,000 30,000 1,096,287 530,145 83.25 31,362 54.95 31: 860,269 23,602 14,731 737,798 71,113 6,015 76,259 120,000 30,000 1,122,357 486,068 78.75 31,808 56.40 Aug. 7 , 857,855 24,120 12,603 704,385 67,131 5,838 73,673 120,000 30,000 1,089,412 474,385 80.96 872,442 25,043 32,564 56.50 15 18,218 706,289 69,134 5,573 74,325 120,000 30,000 1,073,543 514,917 83.60 890,044 25,725 33,352 58.13 23 11,380 698,186 63,821 4,013 65,697 120,000 30,000 1,043,208 532,306 87.78 847,986 24,633 33,696 55.08 31 14,039 729,373 74,525 4,063 73,439 120,000 30,000 1,096,006 488,356 79.62 833,944 24,391 34,418 78.87 54.70 Sept. 7 12,222 716,421 69,772 18,681 78,197 120,000 30,000 1,088,283 480,927 832,495 24,876 35,433 78.57 52.48 15 14,756 752,408 71,548 33,845 89,077 120,000 30,000 1,091,260 542,312 51.70 831,066 24,704 36,604 76.92 23-- 9,312 782,930 66,023 38,880 88,959 120,000 30,000 1,112,509 542,761 41.42 725,427 20,358 37,870 55.49 30 12,250 971,905 108,823 47,384 102,102 120,000 30,000 1,343,962 456,417 42. IS 717,775 20,020 40,146 57.05 Oct. 7 13,219 912,690 88,976 55,186 131,241 120,000 30,000 1,293,213 455,748 45.18 754,332 21,328 40,879 63.62 15 18,477 853,249 78,233 45,208 136,701 120,000 30,000 1,219,281 497,368 48.15 791,892 22,113 44,224 68.61 23 12,114 828,404 69,575 25,449 135,325 120,000 30,000 1,186,495 504,153 46.46 766,566 21,154 45,627 63.92 31 12,698 857,275 74,363 14,711 144,626 120,000 30,000 1,232,792 463,274 4S.11 768,664 21,597 46,935 65.20 Nov. 7 12,163 832,356 68,400 9,848 126,667 120,000 30,000 1,211,965 430,795 4S,# 789,879 22,706 48,224 69.00 15 16,780 821,575 74,104 9}595 126,611 120,000 30,000 1,117,685 485,341 51.09 825,847 23,169 49,324 74.54 23 11,911 815,594 66,729 5,605 112,175 120,000 30,000 1,139,973 521,733 50.34 814,165 22,696 50,568 71.76 30 12,813 852,472 68,970 120,000 30,000 1,166,141 496,216 50.41 809,503 22,281 5,281 86,528 52,052 72.94 Dec. 7 12,922 823,339 66,902 120,000 30,000 1,140,318 509,585 4S.23 818,908 22,962 29,509 87,499 54,629 72.55 15 15,637 878,233 73,673 120,000 30,000 1,160,435 583,457 47.25 805,507 19,559 39,672 99,436 82,490 68.68 23 10,672 917,852 69,578 120,000 30,000 1,201,249 544,774 39.16 729,830 17,003 46,896 108,449 92,929 52.97 31 13,795 1,088,321 146,228 84,797 120,000 30,000 1,409,945 496,998 i Average. 41,439 817,137 22,963 13,749 800,180 80,017 20,140 88,566 120,000 30,000 1,138,561 512,752

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. 187 TABLE No. 2.-STATEMENTS OF THE KEICHSBANK, WEEKLY, 1888-1907-Continued.~~

~~[Amounts stated in thousands of marks.]~~

Assets. Liabilities. Propor Percent tion of age of cash to Date. Imperial Notes of Loans on Other Bills dis Securi Notes in Other cash to total de Coin. treasury other collat Other demand counted. ties. Capital. Surplus. circula liabili note cir mand notes. banks. eral. liabili tion. ties. culation. liabili ties. ties.

1901. Jan, 7 761,002 17,981 14,218 964,571 104,071 91,052 101,486 149,996 40,498 1,309,198 504,930 49,759 59.50 42.94 15 812,739 20,137 16,157 866,341 75,289 96,599 90,885 149,996 40,498 1,205,048 531,773 50,832 69.12 47.95 23 865,168 22,318 12,677 809,112 61,032 86,704 89,863 149,996 40,498 1,127,822 577,096 51,402 78.69 52.05 31 856,426 22,428 12,534 785,942 64,183 75,813 95,761 150,000 40,500 1,155,704 515,381 51,502 76.04 52.59 Fer . 7 867,190 23,384 11,001 737,222 63,015 99,009 81,242 150,000 40,500 1,131,721 505,736 54,106 78.60 54.33 15 889,388 24,949 13,677 700,128 66,753 100,714 82,732 150,000 40,500 1,082,593 550,571 54,677 84.46 55.99 23 913,037 25,769 8,451 60,609 83,667 84,701 675,029 150,000 40,500 1,047,446 560,692 52,625 89.63 58.38 28 893,823 24,862 9,112 76,972 73,094 98,564 680,021 150,000 40,500 1,057,071 555,849 53,028 86.91 56.96 Mar. 7... 898,769 25,837 9,606 62,856 98,850 682,595 62,440 150,000 40,500 1,046,101 550,492 53,860 57.91 15 915,438 27,201 64,942 90,601 12,916 691,067 52,476 150,000 40,500 1,044,827 599,233 20,081 88.85 57.34 23 920,707 60,986 92,468 27,091 7,999 712,514 52,617 150,000 40,500 1,064,100 599,380 20,402 89.07 56.98 31 811,663 108,931 94,254 23,794 9,619 904,522 85,903 150,000 40,500 1,321,420 505,100 21,666 63.22 45.74 Apr. 7 72,522 809,834 23,191 11,308 828,096 117,876 87,423 150,000 40,500 1,262,759 477,614 19,377 65.08 47.86 15.. 82,011 872,972 25,330 16,942 758,783 129,844 97,439 150,000 40,500 1,168,713 604,198 19,910 76.86 50.67 23 923,839 26,958 9,558 728,230 58,446 125,349 99,462 150,000 40,500 1,111,099 649,835 20,408 85.57 53.99 30 913,384 26,184 11,126 769,860 69,759 112,158 97,210 150,000 40,500 1,176,387 611,352 21,442 79.87 52.56 m 7 919,407 26,626 12,189 737,528 61,847 92,320 94,698 150,000 40,500 1,148,862 583,764 21,489 82.35 54.60 15 949,979 28,166 13,519 729,569 58,831 72,099 87,367 150,000 40,500 1,109,413 617,190 22,427 88 17 56.65 23 988,202 28,664 9,033 727,603 54,630 62,277 83,686 150,000 40,500 1,086,659 654,325 22,611 93.58 58.41 31 970,684 28,495 9,944 753,881 62,627 51,694 85,281 150,000 40,500 1,108,114 640,924 23,068 90.17 57.13 Jane 7.. 976,872 28,751 9,203 728,697 58,136 41,789 80,721 150,000 40,500 1,083,215 626,955 23,499 92.84 58.80 15 921,057 29,675 12,486 749,373 62,942 31,924 77,117 150,000 40,500 1,076,792 663,973 23,309 94.79 58.64 23 1,004,277 29,246 8,651 770,986 57,668 22,529 97,698 150,000 40,500 1,093,440 583,307 23,808 94.52 58.17 30 896,585 24,845 10,048 1,057,454 104,650 11,830 90,212 150,000 40,500 1,374,970 605,302 24,852 67.01 46.53 July 7 911,148 24,481 12,359 993,717 78,897 2,281 104,946 150,000 40,500 1,328,390 584,444 24,495 70.43 48.91 74,220 15 939,612 25,247 15,209 959,668 1,462 95,461 150,000 40,500 1,254,135 641,010 25,234 76.93 50.91 60,435 23 986,328 25,960 9,641 925,806 1,551 98,066 150,000 40,500 1,203,933 687,462 25,892 84.08 53.52 70,214 87,900 31..... 958,201 25,040 11,303 957,708 1,528 150,000 40,500 1,230,285 664,586 26,523 79.92 51.89 Aug 64,707 84,962 7 957,601 25,330 10,956 930,271 1,731 150,000 40,500 1,198,337 659,747 26,974 82.02 62.90 67,595 81,573 15.... 967,174 25,946 11,681 917,200 1,548 150,000 40,500 1,173,004 681,667 27,546 84.66 53.55 61,309 86,145 23... 981,455 26,074 8,678 902,751 2,468 150,000 40,500 1,137,586 712,754 28,040 88.57 54.45 65,227 88,686 31 930,914 25,307 10,178 936,433 2,009 150,000 40,500 1,195,525 643,602 29,127 79.98 51.99 Sept 65,934 92,394 80.94 52.66 • 7 927,698 25,526 9,146 908,405 2,010 150,000 40,500 1,177,729 632,556 30,328 64,678 94,761 82.52 52.24 15 929,260 26,051 10,688 919,268 5,686 150,000 40,500 1,157,654 671,007 31,231 64,876 103,895 82.54 51.89 23.,. 941,627 26,297 11,073 932,382 7,716 150,000 40,600 1,172,603 692,703 32,060 128,251 90,147 59.62 43.66 30..... 830,442 22,399 8,978 1,065,759 31,428 150,000 40,500 1,430,427 523,141 33,336 Oct. 101,608 113,094 62.53 45.75 7... 831,277 .22,294 12,410 990,800 19,531 150,000 40,500 1,365,153 500,733 34,628 15 76,824 116,306 68.88 48.77 860,680 23,538 12,494 927,483 21,639 150,000 40,500 1,283,623 529,424 35,417 23... 64,827 109,660 40,500 75.89 52.43 911,747 24,189 11,494 878,228 11,735 150,000 1,233,253 551,980 36,147 70,642 92,417 40,500 71.58 51 96 31.... 896,145 23,265 8,921 904,948 439 150,000 1,284,392 485,032 36,853 KOT. 65,886 94,991 40,500 74.36 53.40 7.... 904,173 23,380 8,773 867,451 447 150,000 1,247,357 489,718 37,526 67,236 86,963 40,500 77.88 54.43 15.... 923,946 24,045 10,781 856,592 771 150,000 1,217,265 524,386 38,183 23.... 59,635 88,371 40,500 82.46 52.89 948,304 24,020 10,496 844,465 92,753 150,000 1,179,187 659,153 39,204 30.... 65,438 84,462 40,500 77.33 51.03 921,039 23,397 12,169 864,174 110,413 150,000 1,221,233 629,419 39,940 Dec. 64,542 78,259 40,500 79.85 52.53 7... 922,997 23,702 100,422 150,000 1,185 567 616,567 39,243 8,396 833,559 I 81.89 52.35 15.... 62,621 78,375 40,500 661,435 936,249 23,820 9,126 848,013 105,472 150,000 1,172,401 39,340 95,047 84,115 40,500 78.33 51.06 23... 938,790 20,193 95,608. 150,000 1,224,351 \ 653,928 39,847 10,218 864,655 60.48 43.69 31... 161,439 81,136 40,500 563,188 41,946 868,501 18,009 10,810 997,913 123,613 150,000 1,465,787 i

~~596,554 33,317 911,411 24,779 10,999 845,350 72,829 53,667 91,600 150,000 40,500 1,190,264~~

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 188 NATIONAL MONETARY COMMISSION.~~

~~TABLE No. 2.—STATEMENTS OF THE REICHSBANK, WEEKLY, 1888-1907—Continued. [Amounts stated in thousands of marks.]~~

Liabilities. Assets. Proper, Percent tioo of age of cash to Data. Loans on Notes in Other cash to total de Imperial Notes of Bills dis Securi Other demand Other Coin. treasury- other collat Capital. Surplus. circula liabili note cir mand notes. banks. counted. eral. ties. tion. liabili ties. culation. liabili ties. ties.

1902. Jan. 7 902,967 18,869 13,077 890,337 93,242 113,588 97,232 150,000 40,500 1,360,968 537,591 40,253 67.73 48.55 15 960,474 20,855 15,621 798,874 70,711 103,601 94,634 150,000 40,500 1,257,419 576,187 40,664 78,04 53.52 23 1,016,416 22,730 12,856 744,337 59,849 93,604 99,602 150,000 40,500 1,184,864 632,807 41,223 87.70 57.17 31...., 1,008,452 23,087 8,658 741,518 65,675 73,653 91,619 150,000 40,500 1,201,541 579,012 41,609 85.85 57.93 Feb. 7 1,019,328 23,854 11,185 717,545 64,548 63,678 91,746 150,000 40,500 1,149,483 608,967 42,934 90.75 59.32 IE 1,047,714 26,176 10,717 717,625 62,573 53,685 102,250 150,000 40,500 1,107,756 678,998 43,486 96.94 6tt 10 23 1,080,917 26,801 9,643 709,719 59,556 43,700 93,335 150,000 40,500 1,075,973 713,228 43,970 102.95 61.91 28.... 1,049,851 25,901 8,976 709,931 72,073 33,729 96,030 150,000 40,500 1,115,778 645,903 44,310 96.41 61.06 Mar. 7 1,050,759 26,387 9,461 701,980 64,778 23,772 96,595 150,000 40,500 1,106,341 632,082 44,809 97.36 61.96 15 1,065,038 27,900 10,412 720,294 ^ 64,978 13,839 82,150 150,000 44,639 1,103,463 671,272 15,237 99.05 61.58 23.... 1,072,680 27,530 9,159 720,887 61,435 4,341 84,456 150,000 44,639 1,124,439 645,832 15,578 97.85 62.15 31.... 955,934 24,189 10,301 909,083 114,143 14,730 93,999 150,000 44,639 1,349,486 562,002 16,252 72.63 51.28 Apr. 7-... 969,933 25,551 11,191 834,883 107,018 13,300 104,747 150,000 44,639 1,320,065 535,763 16,156 75.41 53.64 15.... 1,022,873 27,310 12,168 744,850 71,054 14,602 95,794 150,000 44,639 1,226,318 550,886 16,808 85.64 59.09 23.... 1,007,949 28,624 8,625 710,880 61,185 14,648 92,055 150,000 44,639 1,185,647 586,714 16,966 92.49 61.87 30.... 1,037,561 27,749 10,800 739,154 74,295 14,577 81,841 150,000 44,639 1,246,581 527,362 17,395 85.46 60.05 May 7.... 1,039,776 27,936 8,891 723,166 66,175 14,650 76,301 150,000 44,639 1,217,213 527,547 17,496 87.72 61.20 s 15.... 1,061,857 29,118 11,072 709,757 67,590 15,634 71,954 150,000 44,639 1,183,539 570,906 17,898 92.18 62.18 23.... 1,098,975 29,652 12,464 710,278 62,743 15,931 75,921 150,000 44,639 1,134,496 658,438 18,391 99.48 62.95 31.... 1,071,936 29,726 11,315 727,580 70,994 14,367 75,880 150,000 44,639 1,181,679 606,692 18,788 93.23 61.60 62.88 June 7 1,0S0,490 30,018 7,945 702,010 64,989 14,371 80,339 150,000 44,639 1,148,190 617,959 19,374 96.72 61.92 15.... 1,090,319 30,528 9,389 703,640 63,478 38,780 78,306 150,000 44,639 1,129,447 680,805 19,549 99.24 61.72 23.... 1,107,338 30,715 10,431 709,996 64,619 51,881 83,115 150,000 44,639 1,146,420 697,617 19,41$ 99.27 51.52 30.... 990,998 26,950 9,538 897,182 116,495 61,022 88,845 150,000 44,639 1,409,661 566,103 20,627 72.21 19,815 54.77 July 7.... 991,931 26,275 7,751 827,449 79,671 52,001 88,273 150,000 44,639 1,345,715 513,182 75.66 20,184 58.82 15.... 1,027,886 27,178 10,578 743,887 64,262 48,378 86,439 150,000 44,639 1,256,569 537,216 83.96 20,408 61.04 23.... 1,059,508 27,872 9,851 719,817 56,054 38,432 84,862 150,000 44,639 1,204,732 576,617 90.26 20,809 GO. 43 31.... 1,021,075 27,627 9,447 732,731 61,010 18,927 80,000 150,000 44,639 1,231,890 503,479 85.13 20,907 61.42 Aug. 7.... 1,014,590 27,573 7,405 709,436 60,110 15,948 77,324 150,000 44,639 1,195,418 501,422 87.18 20,890 61.19 15.... 1,017,109 28,155 8,681 704,430 61,603 25,226 78,631 150,000 44,639 1,164,573 543,733 89.76 21,659 59.15 23.... 1,030,777 28,440 8,554 704,054 55,493 99,294 80,511 150,000 44,639 1,141,646 649,179 92.78 22,159 56.65 31.... 980,942 27,789 8,127 734,011 60,644 103,583 82,484 150,000 44,639 1,190,506 590,276 84.73 22,466 56.59 Sept. 7.... 963,552 27,636 6,247 714,523 61,102 110,638 84,826 150,000 44,639 1,183,167 568,252 83.77 23,054 55.88 15.... 961,708 28,327 8,791 724,394 66,042 114,001 86,067 150,000 44,639 1,180,569 591,068 83.86 23,761 55.83 23.... 966,270 27,983 7,327 741,443 61,156 106,010 89,130 150,000 44,639 1,198,424 582,495 82.96 25,556 42.46 150,000 44,639 57.76 30.... 839,804 23,990 10,560 984,042 172,730 135,950 87,691 1,495,370 539,202 44.73 26,497 60.76 Oct. 7.... 836,834 23,566 9,159 952,098 106,799 126,436 89,981 150,000 44,639 1,416,059 507,678 49.42 27,075 67.84 15.... 870,702 25,319 9,242 843,580 74,467 118,623 92,901 150,000 44,639 1,320,802 492,318 52.15 27,617 73.01 23.... 901,422 25,652 8,750 803,041 62,090 104,654 94,250 150,000 44,639 1,269,776 507,827 49.61 28,278 66.61 31.... 858,373 25,559 9,156 848,293 72,903 102,501 87,788 150,000 44,639 1,326,934 454,722 51.42 28,887 68.98 Nov. 7.... 862,540 25,370 9,238 804,161 69,406 93,524 85,922 150,000 44,639 1,287,124 439,511 52.27 29,587 72.58 15.... 883,264 26,174 8,432 799,817 65,832 96,615 84,099 150,000 44,639 1,253,008 486,999 53.H 30,322 76.96 23.... 910,892 26,625 8,058 789,164 57,343 113,684 83,432 150,000 44,639 1,218,145 546,092 4S.57 31,504 72.45 30.... 878,215 25,950 8,652 840,419 60,768 191,189 82,557 150,000 44,639 1,248,010 613,597 49.76 32,191 72.85 Bee. 7.... 867,001 26,043 7,626 797,487 56,619 181,163 85,445 150,000 44,639 1,225,787 568,767 49.30 32,490 74.24 15.... 875,522 26,384 8,867 809,959 64,279 187,717 83,940 150,000 44,639 1,214,923 614,616 47.92 33,028 70.29 23.... 869,121 23,269 6,931 864,127 74,064 172,691 150,000 44,639 1,269,495 592,649 39.17 • 79,608 35,324 53.22 31.... 786,123 20,994 7,713 1,026,225 189,943 186,614 72,784 150,000 44,639 1,516,469 543,964

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. 189 TABLE No. ^STATEMENTS OF THE REICHSBANK, WEEKLY, 188&-1907~ContinuecL [Amounts stated In thousands of marks.]

Assets. Liabilities. Propor Percent tion of Date. age of cash to Imperial Notes of Loanson Notes in Other Other cash to total de Coin. treasury other Bills dis collat Securi Other demand note cir mand counted. ties. Capital. Surplus. circula liabili notes. banks. eral. tion. liabili culation. liabili ties. ties. ties.

1903. Jan. 7 823,318 21,682 9,481 119,332 176,923 95,609 150,000 44,639 1,397,109 515,997 33,296 60.48 44.17 15 874,757 24,071 13,528 793,283 63,831 168,231 88,897 150,000 44,639 1,269,339 628,703 33,917 70.81 49.99 23 919,341 25,288 10,358 740,152 55,317 148,242 92,866 150,000 44,639 1,197,933 564,603 34,389 78.85 53.59 31 891,576 25,759 11,349 729,097 61,058 127,497 92,607 150,000 44,639 1,234,722 472,088 37,494 74.29 53.75 Feb. 7 910,995 26,702 7,406 687,837 58,606 82,496 88,002 150,000 44,639 1,176,320 453,872 37,213 79.71 57.52 15 934,020 28,278 7,203 682,373 53,658 86,476 85,488 150,000 44,639 1,144,798 500,104 37,955 84.06 58.50 23 969,005 29,654 9,055 670,155 52,561 84,496 82,142 150,000 44,639 1,109,720 554,904 37,805 89.99 59.99 919,420 28,174 8,998 678,210 63,161 177,503 82,161 150,000 44,639 1,165,805 558,544 38,639 81.28 54.95 liar. 919,943 28,448 6,484 669,555 55,339 171,474 67,987 150,000 47,587 1,137,151 570,145 14,347 83.40 55.55 924,095 29,875 7,630 675,332 54,471 174,471 69,995 150,000 47,587 1,126,270 597,826 14,186 84.70 55.33 937,707 30,203 8,171 679,050 55,848 172,545 70,580 150,000 47,587 1,141,825 599,647 15,045 84.77 55.58 818,482 26,569 8,974 935,021 153,817 184,239 71,435 150,000 47,587 1,449,540 535,201 16,209 58.30 42.58 Apr. 817,385 25,819 9,806 844,313 90,481 199,224 71,552 150,000 47,587 1,350.081 494,544 16,368 62.46 45.71 844,220 27,401 11,341 744,451 67,812 219,357 69,388 150,000 47,587 1,251,010 518,322 17,051 G9.67 49.26 900,987 28,703 8,559 718,236 51,093 212,403 67,670 150,000 47,587 1,208,691 564,001 17,372 76.92 52.45 874,742 28,370 9,482 833,920 118,590 196,503 75,482 150,000 47,587 1,260,132 661,355 18,015 71.67 47.00 May 882,530 29,369 6,990 812,459 78,092 176,530 74,730 150,000 47,587 1,216,516 628,104 18,493 74.96 49.44 924,235 30,667 9,663 818,897 63,387 137,008 75,723 150,000 47,587 1,183,926 658,738 19,329 80.06 51.82 947,401 31,078 8,631 833,773 58,014 97,034 77,176 150,000 47,587 1,149,035 686,488 19,997 85.16 53.31 31.. 909,273 30,175 8,294 915,118 62,349 37,726 90,562 150,000 47,587 1,199,216 636,415 20,279 78.34 51.18 June 7.. 929,866 30,697 6,965 866,820 57,662 7,846 92,255 150,000 47,587 1,157,271 616,351 20,902 83.00 54.16 15. 952,054 31,789 9,014 863,075 65,971 1,959 83,772 150,000 47,587 1,140,923 647,795 21,329 86.23 55.00 977,997 31,199 7,462 848,414 66,016 2,299 88,247 150,000 47,587 1,157,321 644,767 21,959 87.20 56.00 884,259 27,721 7,993 1,031,487 191,647 4,737 73,506 150,000 47,587 1,434,565 566,110 23,088 63.57 45.58 July 885,652 27,283 9,928 929,483 99,861 4,464 88,022 150,000 47,587 1,338,354 480,308 22,444 68.21 60.03 54.03 922,716 28,506 14,446 856,782 70,030 4,127 84,333 150,000 47,587 1,244,303 516,236 22,819 76.45 57.02 960,899 28,612 15,616 817,668 50,615 4,138 78,722 150,000 47,587 1,184,334 550,944 23,405 83.55 55.50 926,461 27,826 9,197 833,011 64,309 1,755 78,561 150,000 47,587 1,216,144 503,378 24,011 78.47 82,060 150,000 56.84 Aug. 7.. 926,202 27,512 9,985 796,773 55,340 1,731 47,587 1,188,170 489,593 24,248 80.27 80,944 150,000 57.53 15.. 950,039 28,594 14,231 788,654 59,083 1,867 47,587 1,162,752 538,235 24,838 84.17 80,697 150,000 58.51 23.. 976,024 28,514 14,952 769,256 53,624 16,929 47,587 1,143,328 573,579 25,502 87.86 91,577 150,000 55.29 31.. 934,084 27,970 9,227 814,536 67,600 18,763 47,587 1,197,356 542,571 26,243 80.35 96,669 150,000 55.95 Sept. 7., 926,187 27,867 9,667 798,551 55,901 14,524 47,587 1,187,627 517,452 26,700 80.33 79,618 150,000 47,587 55.40 15.. 955,041 27,941 13,672 844,003 55,950 23,393 1,190,618 583,573 27,845 82.56 83,037 150,000 47,587 54.31 23.. 972,059 27,614 15,104 895,019 50,987 23,554 1,212,777 C28,058 28,952 82.43 84,745 150,000 47,587 42.69 30.. 858,015 24,122 9,456 1,127,649 150,748 39,650 1,515,581 550,598 30,619 53.20 Oct. 103,896 150,000 45.90 7. 851,100 23,763 20,187 47,587 1,429,343 476,551 32,167 61.21 10,156 1,031,259 95,287 49.72 15.. 93,486 150,000 47,587 1,334,726 485,741 32,722 67.81 879,820 25,257 14,594 949,300 68,061 20,258 51.79 23.. 87,556 i 150,000 47,587 1,290,440 512,679 33,293 72.36 908,618 25,130 16,941 922,400 53,041 20,318 49.11 31.. 81,789 ; 150,000 47,587 1,360,270 453,337 33,986 65.48 865,778 24,893 8,648 970,474 73,233 20,365 51.09 Nov. 7., 81,236 ! 150,000 47,587 1,309,703 451,224 34,614 68.70 874,561 25,177 9,339 921,664 60,699 20,452 : 51.61 15.. 79,347 150,000 47,587 1,288,210 497,884 35,227 71.55 896,150 25,568 11,832 928,300 57,284 20,427 51.43 79,357 150,000 47,587 1,242,159 626,415 36,324 77.36 934,322 26,656 16,351 897,931 55,325 92,493 49.52 82,179 i 150,000 47,587 1,277,591 588,848 36,937 72.34 898,942 25,304 8,999 921,986 63,846 99,707 50.95 Dec. 79,451 ; 150,000 47,587 1,253,492 528,006 37,530 72.41 882,750 24,965 9,321 875,036 62,239 82,853 50.79 86,407 j 150,000 47,587 1,241,808 566,259 37,921 73.90 893,002 25,322 13,527 872,722 64,654 87,941 43.13 97,875 ! 150,000 47,587 1,304,690 562,875 38,808 68.90 877,990 20,923 14,816 928,708 73,394 90,254 37.04 96,449 150,000 47,587 1,565,490 574,918 40,619 51.87 793,459 18,637 8,441 1,138,434 212,676 110,518 553,748 27,551 Average.. 904,947 27,118 10,443 845,737 74,831 80,993 47,096 1,248,718

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 190 NATIONAL MONETARY COMMISSION. TABLE No. 2.—STATEMENTS OF THE REIOHSBANK, WEEKLY, 1888-1907—Continued. [Amounts stated in thousands of marks.]

Liabilities. Assets. Propor Percent tion of age of cash to Other Date. Imperial Notes of Loans on Notes in Other cash to total de Bills dis Securi Other Capital. Surplus. demand note cir mand Coin. treasury other collat ties. assets. circula liabili liabili notes. banks. counted. eral. tion. ties. culation. liabilities. ties.

1904. Jan. 7 834,443 19,675 14,316 996,887 125,917 91,493 103,684 150,000 47,587 1,438,295 511,128 39,405 59.38 43.81 15 884,375 22,492 17,641 875,202 69,864 74,979 107,289 150,000 47,587 1,301,770 512,533 39,952 69.66 49.98 23 932,104 24,229 18,953 796,465 54,657 74,421 98,705 150,000 47,587 1,222,199 537,067 42,681 78.25 £4.38 31 912,703 24,531 5,744 810,828 58,326 71,360 97,893 150,000 47,587 1,240,113 500,617 .43,068 75.58 53.84 Feb. 7 915,397 25,435 10,884 747,700 55,628 51,376 100,365 150,000 47,587 1,199,255 467,194 42,749 78.48 £6.48 15 939,016 27,477 14,976 738,081 59,399 153,449 95,493 150,000 47,587 1,167,717 618,564 44,023 82.77 54.11 23 980,785 28,754 17,175 732,718 49,651 63,417 94,523 150,000 47,587 1,137,918 587,978 43,540 88.72 53.49 29 937,286 27,879 7,443 771,956 61,738 50,983 97,502 150,000 47,587 1,182,228 530,960 44,012 81.64 56.34 Mar. 7 933,693 28,271 11,592 752,173 58,158 31,062 90,848 150,000 51,614 1,159,651 517,330 27,202 82.95 57.36 15 957,010 29,425 15,255 754,297 64,587 11,514 94,264 150,000 51,614 1,141,857 567,897 14,984 86.39 57.69 23 '.. 977,388 29,111 15,918 764,931 56,975 11,731 96,972 150,000 51,614 1,157,113 578,627 15,672 86.98 57.99 31 828,079 25,286 7,439 1,093,485 190,404 29,144 81,725 150,000 51,614 1,496,935 539,639 17,374 57.01 41.90 Apr. 7 852,917 25,727 20,965 961,921 117,420 73,391 83,547 150,000 51,614 1,385,839 531,243 17,192 63.40 45.83 15 901,133 27,936 32,644 852,677 70,364 79,503 78,330 150,000 51,614 1,282,805 450,505 17,663 72.42 53.60 23 943,666 28,276 40,453 819,003 58,700 24,697 77,239 150,000 51,614 1,242,741 529,344 18,335 78.21 54.85 30 , 909,600 27,692 7,087 883,466 79,005 25,685 77,665 150,000 51,614 1,313,541 476,120 18,925 71.36 52.37 May 7 918,978 27,864 18,053 832,358 64,577 11,699 73,312 150,000 51,614 1,273,638 452,313 19,276 74.34 54.86 15 932,388 28,869 24,721 820,072 60,136 11,729 75„136 150,000 51,614 1,235,017 496,601 19,819 '77.83 55.51 23 970,776 29,764 32,737 815,427 54,756 11,733 78,194 150,000 51,614 1,197,416 573,S47 20,510 83.56 56.49 31 964,524 29,819 7,320 822,780 69,822 11,794 75,740 150,000 51,614 1,209,637 549,415 21,133 82.20 56.53 58.36 June 7 958,987 29,580 15,975 770,014 59,620 11,762 77,594 150,000 51,614 1,188,022 505,749 28,147 83.21 56.68 15 , 983,064 30,300 25,556 742,878 61,726 75,795 92,268 150,000 51,614 1,176,881 611,012 22,080 86.11 56.11 23 996,540 29,582 33,493 740,635 60,237 92,827 99,759 150,000 51,614 1,208,268 620,367 22,824 84.93 44.39 30 870,048 25,569 6,832 950,860 157,230 128,690 104,199 150,000 51,614 1,477,852 •539,753 24,209 60.60 47.38 July 7 874,826 24,880 20,998 869,285 88,827 138,929 107,430 150,000 51,614 1,389,285 510,625 23,651 64.76 52.08 15 912,031 26,163 30,363 785,491 66,092 104,725 102,058 150,000 51,614 1,296,147 505,242 23,920 72.38 54.89 23 958,672 26,373 39,189 755,881 53,585 90,534 96,527 150,000 51,614 1,255,493 539,076 24,578 78.46 25,736 5124 31 926,037 5,605 787,973 59,846 80,498 95,482 150,000 51,614 1,269,975 484,756 24,832 74.94 25,942 55.32 Atlg. 7 920,679 17,381 751,415 54,125 81,487 87,015 150,000 51,614 1,246,127 464,910 25,393 75.97 26,568 54.44 15 937,292 26,304 749,802 59,437 115,518 83,291 150,000 51,614 1,223,335 547,047 26,216 78.79 26,736 55.78 23 970,206 34,207 742,355 51,634 108,526 81,890 150,000 51,614 1,206,432 580,702 26,806 82.64 925,128 26,057 , 53.86 31 7,436 783,827 57,991 108,509 86,140 150,000 51,614 1,250,956 515,117 27,401 76.04 909,550 25,657 53.09 Sept. 7 17,249 759,428 55,059 135,592 89,303 150,000 51,614 1,241,615 519,957 28,652 75.32 914,578 26,512 50.70 15 26,589 770,783 60,518 196,550 92,503 150,000 51,614 1,246,570 609,686 30,163 75.49 916,595 24,776 49.91 23 36,088 786,084 57,980 196,551 100,623 150,000 51,614 1,287,076 599,033 30,974 73.14 793,143 22,892 51.03 3S.2S 30 7,988 1,039,339 172,617 223,538 106,721 150,000 51,614 1,599,067 532,708 32,849 789,444 22,451 54.77 41.04 Oct. 7 21,286 946,777 117,649 161,292 155,355 150,000 51,614 1,482,350 496,129 34,161 45.55 839,669 23,800 61.86 15 34,147 886,266 77,858 138,294 132,284 150,000 51,614 1,395,915 499,762 35,027 48,84 885,112 24,380 67.43 23 42,243 842,994 53,338 138,315 113,265 150,000 51,614 1,348,734 513,624 35,675 49.96 902,003 24,222 67.14 31 6,137 872,018 71,232 117,534 99,054 150,000 51,614 1,379,469 474,559 36,558 52.16 916,922 24,379 70.20 Nov. 7 13,930 811,809 59,543 117,644 99,477 150,000 51,614 1,340,874 463,830 37,386 53.84 962,481 25,004 75.97 15 18,962 800,197 51,537 115,699 99,982 150,000 51,614 1,299,851 534,262 38,135 57.22 1,026,303 25,857 83.47 23 24,609 777,409 44,735 88,735 93,574 150,000 51,614 1,260,509 578,314 40,785 56,33 1,000,305 25,445 79.27 30 7,671 791,640 51,717 86,745 103,069 150,000. 51,614 1,293,941 527,152 43,885 56.83 999,611 25,014 80.12 Dec. 7 14,319 761,489 50,555 105,748 93,998 150,000 51,614 1,278,843 524,060 46,217 55.68 1,023,586 25,127 81.99 15 20,628 777,286 54,343 130,020 102,384 150,000 51,614 1,279,141 604,277 48,342 54.1S 1,013,983 21,378 77.14 23 24,282 813,919 56,491 140,941 95,398 150,000 51,614 1,342,147 568,924 53,707 43.43 927,060 19,665 59.18 31 9,536 1,010,690 215,052 185,862 101,414 150,000 51,614 1,599,784 580,297 87,584

~~Average., 926,669 26,012 19,382 823,354 74,180 91,292 95,218 150,000 50,943 1,288,549~~

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Federal http://fraser.stlouisfed.org/ Digitized Reserve for FRASER Bank~~

~~of | St. Louis~~

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Liabilities. Propor Percent tion of age of cash to Imperial Notes of Other Bills dis Loans on Securi Notes in Other cash to total de Coin. treasury other collat Other Capital. demand note cir mand notes. banks. counted. ties. assets. Surplus. circula liabili eral. tion. liabili ties. culation. liabili ties. ties.

Jan. 722,865 54,054 23,162 1,126,573 157,711 260,727 116,397 180,000 64,814 1,605,530 546,792 04,353 36.10 805,345 57,896 33,540 986,173 99,767 230,994 116,409 180,000 04,814 1,458,571 559,237 67,502 59.18 42.78 867,521 61,583 40,107 •900,468 54,090 200,523 119,039 180,000 64,814 1,372,223 558,253 68,041 67.71 43.13 843,304 63,558 >9,535 938,131 92,446 174,782 114,402 180,000 64,814 1,411,818 515,044 64,482 64.23 47.06 851,335 65,456 17,222 893,081 59,183 162,191 117,215 180,000 64,814 1,361,405 495,174 64,290 67.34 49.38 890,419 67,998 23,959 863,911 70,785 128,057 114,744 180,000 64,814 1,303,534 545,953 65,572 73.52 51.82 924,157 70,456 32,062 870,847 56,186 73,533 117,417 180,000 64,814 1,274,917 558,543 66,384 78.01 54.25 890,169 70,552 9,991 908,109 118,812 64,371 118,9S8 180,000 64,814 1,340,086 529,141 60,951 71.69 51.40 886,638 72,672 15,381 914,871 70,628 74,701 104,330 180,000 64,814 1,319,768 549,456 25,183 72.69 51.32 905,420 74,532 24,455 948,921 83,865 55,191 105,174 180,000 64,814 1,310,439 615,5S7 26,718 74.78 50.88 918,369 75,826 29,996 1,011,814 69,575 71,851 108,275 180,000 64,814 1,351,832 660,347 28,713 73.54 49.41 775,972 75,823 6,633 1,289,676 198,974 161,201 95,111 180,000 64,814 1,731,486 595,958 31,132 49.19 36.60 Apr. 820,315 77,011 18,728 1,172,277 109,530 168,186 97,142 180,000 64,814 1,595,262 591,747 31,366 56.25 41.03 884,009 78,756 28,329 1,043,267 92,940 123,580 96,052 180,000 64,814 1,474,214 595,832 32,073 65.31 46.51 942,026 80,312 34,361 976,731 66,129 104,123 99,663 180,000 64,814 1,416,007 608,949 33,575 72.20 50.49 898,444 81,110 10,861 1,040,603 103,983 137,742 101,937 180,000 64,814 1,510,320 585,479 34,067 64.86 46.74 895,580 82,147 18,448 1,036,502 81,703 107,943 121,210 180,000 64,814 1,461,764 601,725 35,230 66.89 47.38 935,419 83,441 27,834 1,032,274 79,068 98,723 110,651 180,000 64,814 1,408,491 678,293 35,812 72.34 48.82 984,802 84,510 32,301 1,001,818 63,199 97,795 110,973 180,000 64,814 1,351,136 742,413 37,035 79.14 51.08 953,141 85,065 11,090 1,060,451 80,959 68,663 96,490 180,000 64,814 1,419,051 654,424 37,570 73.16 50.07 946,713 85,706 18,279 1,002,751 69,134 47,802 96,278 180,000 64,814 1,391,382 592,043 38,424 74.20 52.05 954,134 86,718 22,830 993,451 83,910 40,554 96,264 180,000 64,814 1,369,895 623,474 39,678 75.98 52.22 967,739 87,359 30,918 998,533 74,224 54,406 96,350 180,000 64,814 1,382,898 640,848 40,969 76.30 52.14 830,710 87,156 8,042 1,314,679 206,750 103,781 92,203 180,000 64,814 1,728,764 626,621 43,122 53.09 38.97 841,977 87,659 21,872 1,154,639 131,636 95,657 110,319 180,000 64,814 1,625,126 530,922 42,897 57.20 43.12 44,058 877,441 88,497 32,403 1,072,560 99,040 96,709 101,826 180,000 64,814 1,505,791 573,813 64.15 46.45 45,201 923,656 89,574 38,223 1,019,955 69,335 76,571 96,991 180,000 64,814 1,437,595 586,695 70.48 50.05 46,124 878,064 89,570 10,752 1,047,643 93,901 76,881 102,687 180,000 64,814 1,478,024 530,536 65.47 48.18 46,459 890,404 90,499 16,368 1,002,307 72,137 50,447 94,916 180,000 64,814 1,429,148 496,657 68.64 50.93 48,026 911,854 90,737 23,915 ' 1,012,129 79,373 82,471 102,561 180,000 64,814 1,385,210 624,990 72.38 49.88 49,390 936,664 91,296 31,603 1,034,439 60,959 11,426 104,359 180,000 64,814 1,360,334 616,208 75.57 52.01 51,201 860,813 91,333 8,312 1,094,222 75,254 54,358 109,986 180,000 64,814 1,452,748 545,515 66.23 47.65 52,061 48.50 857,413 91,691 15,586 1,060,912 69,800 47,335 111,103 180,000 64,814 1,419,406 537,559 66.87 53,540 47.66 861,956 91,936 20,826 1,082,298 71,150 59,312 112,196 180,000 64,814 1,406,296 595,024 67.83 55,529 46.51 876,661 92,337 28,777 1,142,876 76,750 63,228 103,090 180,000 64,814 1,429,565 653,811 67.78 58,347 34.06 737,022 91,958 9,353 1,445,115 204,100 156,881 92,760 180,000 64,814 1,824,546 609,482 45.43 61,804 36.52 730,515 92,267 21,207 1,319,091 123,917 176,394 96,227 180,000 64,814 1,712,145 540,855 48.06 62,862 39.59 768,496 92,781 27,962 1,232,654 118,039 145,031 98,333 180,000 64,814 1,596,557 579,063 53.95 180,000 65,064 42.18 808,382 93,261 34,993 1,223,595 76,409 103,596 107,086 64,814 1,538,979 598,465 58.59 67,071 38.90 93,068 96,997 96,463 111,206 180,000 64,814 1,617,034 550,957 52.15 750,264 9,045 1,322,833 75,026 39.19 93,256 79,495 92,950 100,485 180,000 64,814 1,562,345 539,459 52.72 730,437 18,877 1,306,144 78,534 40.17 93,357 75,514 106,620 180,000 64,814 1,497,750 551,531 54.96 729,805 27,305 1,268,279 71,749 72,066 41.60 91,199 98,238 180,000 64,814 1,440,538 542,832 57.29 734,080 33,094 1,244,838 58,718 40,083 73,765 38.34 102,339 180,000 64,814 1,510,883 487,885 50.72 678,520 87,851 9,857 1,289,286 , 95,222 54,272 75,436 39.50 106,262 180,000 64,814 1,468,555 475,715 52.30 681,760 : 86,236 19,316 1,241,400 ,78,555 50,991 76,963 38.86 180,000 64,814 1,476,827 543,357 53.15 700,565 j 84,398 23,626 1,265,881 82,239 74,938 110,319 79,787 37.27 180,000 64,814 1,569,465 564,004 50.66 714,836 j 80,296 31,655 1,315,198 118,073 70,513 127,599 83,578 30.64 180,000] 64,814 1,885,922 658,502 704,179 75,439 j 7,499 1,493,593 364,307 121,805 105,994 41.34 1,478,783 579,274 52,980 843,340 82,504 21,883 i 1,104,537 98,140 105,754 180,000 64,814

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 194 NATIONAL MONETARY COMMISSION.~~

~~TABLE No. 3.—PROPORTION OF CASH HOLDINGS TO NOTE CIRCULATION AND TOTAL DEMAND LIABILITIES, ANNU ALLY AND DECENNIALLY, 1876-1907. [Amounts stated in thousands of marks. 1~~

~~Percentage of cash reserves to— Total Cash Note demand Year. reserves. <* circulation. liabilities. & Note Demand circulation. liabilities.~~

1876. „ 550,034 684,866 903,654 80.31 60.87 1877 507,348 694,929 872,532 81.64 . 65.02 1878 528,016 622,642 807,328 84.80 65.40 1879 577,544 667,675 867,554 86.50 66.57 1880 604,703 735,013 920,510 82.27 65.69 1881 ..... 594,785 739,727 920,785 80.41 64.60 1882 579,890 747,020 918,710 77.63 63.12 1883 025,532 737,240 941,230 84.85 66.46 1884 613,832 732,906 955,894 83.75 64.22 18S5 609,057 727,442 963,056 83.73 63.24

~~1876-1885 .... 585,074 708,947 907,126 82.53 64.50~~

1886 712,346 802,178 1,086,759 88.80 65.55 1887 794,712 860,617 1,212,978 92.34 65.52 1888 923,841 933,042 1,314,862 99.01 70.26 1889 891,589 987,314 1,372,775 90.30 64.95 1890 821,207 983,882 1,345,368 sa 47 61.04 1891 " 915,109 971,666 1,435,792 94.18 63.74 1892 966,268 984,736 1,496,634 98.12 64.56 1893 865,866 984,827 1,437,259 87.92 60.24 1894 959,512 1,000,384 1,492,710 95.91 64.28 1895 1,035,426 1,095,593 1,595,141 94.51 64.91

~~1886-1895 ... 888,588 960,424 1,379,028 92.52 64.44~~

1890 914,223 1,083,497 1,567,756 84.38 58.31 1897 893,567 1,085,704 1,557,097 82.30 57.39 1898 873,100 1,124,594 1,599,252 77.64 54.59 1899 847,316 1,141,752 1,666,467 74.21 50.85 1900 840,100 1,138,561 1,651,313 73.79 50.87 1901 936,190 1,190,264 1,786,818 78.65 52.39 1902 1,008,617 1,229,623 1,806,196 82.03 55.84 1903 932,065 1,248,718 1,802,466 74.64 51.71 1904 952, C81 1,288,549 1,823,338 73.93 52.25 1905 999, 111 1,335,701 1,920,956 74.80 52.01

~~1890-1905. 919,697 1,186,696 1,718,166 77.50 53.53~~

~~1906 927,189 1,387,237 1,962,869 66.84 47.24 1907 925,844 1,478,783 2,058,057 62.61 44.99~~

a The cash reserves available as legal covering for the note circulation consist of Imperial treasury notes, current German money, bar gold, or foreign at 2,784 marks per kilogram fine. 6 Total demand liabilities are notes and deposits.

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. 195~~

~~TABLE No. 4.-ANNUAL DIVIDENDS OF THE REICHSBANK PAID TO GOVERNMENT AND TO STOCKHOLDERS, 1870-1907.~~

~~Share of the Government In the profits. Dividends to stockholders.~~

~~Year. Capital. Gross profits. Percent Percent Percent Percent age of age of Amount. age of gross Amount. age of capital. capital. gross profits. profits.~~

Marks* Marks. Marks. Marks. 1876 120,000,000 10,285,234 1,954,094 1.64 19.0 7,350,000 71.5 1877 120,000,000 10,770,230 2,148,092 1.79 19.9 7,548,000 6.29 7tt 1 1878 120,000,000 10,790,627 2,156,251 1.80 20.0 7,560,000 0.30 7tt 1 1879 120,000,000 6,924,119 609,648 .51 8.8 6,000,000 5.00 86.7 1880 120,000,000 9,881,265 1,792,506 1.49 18.1 7,200,000 aoo 72.9 1881 120,000,000 11,896,475 2,598,590 2.17 21.8 8,000,000 67.2 1882. 120,000,000 13,060,769 3,064,307 2.55 2a 5 8,460,000 7.05 64.8 1883 120,000,000 10,660,498 2,104,199 1.75 19.7 7,500,000 6.25 7tt 4 1884 120,000,000 10,640,855 2,096,342 1.75 19.7 7,500,000 6.25 -as 1885 120,000,000 10,607,179 2,082,872 1.74 19.0 7,488,000 6.24 7tt6 1886 120,000,000 7,771,072 948,429 .79 12.2 t 6,348,000 5.29 81.8 1887 120,000,000 10,508,084 2,043,233 1.70 19.4 ' 7,440,000 6.20 7a 8 1888 120,000,000 8,104,669 1,081,868 .90 ia3 6,480,000 5.40 sao 1889 120,000,000 12,900,244 3,000,098 2.50 2a 3 8,400,000 7.00 05.1 1890 120,000,000 20,740,773 7,104,464 5.92 34.2 10,572,000 8.81 51.0 1891 120,000,000 18,665,816 8,601,544 7.17 46.1 9,060,000 7.55 48.5 1892 120,000,000 11,989,872 4,342,404 a 62 36.2 7,656,000 6.38 C3.S 1893 120,000,000 17,584,397 8,538,298 7.11 48.6 9,036,000 7.63 51.4 1894 120,000,000 11,404,427 3,903,320 a25. 34.2 7,512,000 6.26 65.9 1895 120,000,000 9,919,434 2,859,717 2.38 28.8 7,056,000 5.88 71.1 1896 120,000,000 17,409,232 8,406,924 7.00 48.3 9,000,000 7.50 51.7 1897 120,000,000 19,396,832 9,897,624 8.25 51.0 9,504,000 7.92 49.0 1898 120,000,000 22,277,946 12,058,459 10.05 54.1 10,212,000 8.51 45.8 1899 120,000,000 31,711,379 19,133,534 15.94 60.3 12,576,000 10.48 3a7 1900 120,000,000 33,965,457 20,824,093 17.40 61.3 13,152,000 10.96 38.7 1901 150,000,000 25,946,284 12,417,771 8.28 47.9 9,390,000 6.20 3&2 1902.... 150,000,000 19,991,300 8,844,780 6.90 44.2 8,213,000 5.48 41.1 1903 150,000,000 25,381,035 12,078,621 8.05 47.6 9,284,000 6.19 3ao 1904 150,000,000 26,459,555 15,907,166 10.60 60.1 10,567,000 7.04 39.9 1905 180,000,000 25,406,367 14,329,775 7.96 56.4 11,OS3,000 a io 4ao 1906 .. 180,000,000 40,262,908 25,472,181 14.15 6a3 14,804,000 8.22 30. S 1907 180,000,000 52,313,652 34,510,239 19.17 66.0 17,811,000 9.90 34.0

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 196 NATIONAL MONETARY COMMISSION.~~

~~TABLE No. 5.—AVERAGE MONTHLY NOTE ISSUE OF REICHSBANK AND OTHER BANKS OF ISSUE FOR THE TWENTY YEARS 1888-1907. [In thousands of marks.]~~

~~Note circu Note circula lation of Month, tion of the the other Keicnsbank. banks of issue.~~

January 1,148,169 170,255 February 1,033,318 158,530 March 1,085,565 163,574 April 1,144,332 168,920 May 1,085,370 164,069 June.,.. 1,121,658 167,204 July. 1,152,475 169,137 August .. 1,088,146 160,850 September 1,163,982 167,446 October 1,224,716 173,210 November 1,154,181 168,952 December 1,202,758 171,307

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. ]~~

~~TABLE No. 6. •AVERAGE ANNUAL NOTE CIRCULATION OF REICHSBANK AND OF OTHER BANKS, 1870-1907. [In thousands of marks.]~~

~~! Average note circulation of—~~

~~The Reichsbank. The other hanks of Year. issue.~~

~~Amount. Per Per capita. Amount. capita.~~

1876 684,866 15.9 237,069 5-5 1877 694,929 15.9 199,693 4.6 1878 622,642 14.1 186,446 4.2 1879 667,675 15.0 184,854 4.1 1880 735,013 16.3 196,898 4.4 1881 739,727 16.3 193,924 4.3 1882 747,020 16.3 191,715 4.2 1883 737,246 16.0 190,518 4.1 1884 732,906 15.8 191,285 4.1 1885 727,442 15.6 191,530 4.1

~~1876-1885 708,947 15.7 196,393 4.4~~

1886 802,178 17.0 193,194 4.1 1887 860,617 iai 189,745 4.0 1888 933,042 19.4 186,731 3.9 1889 987,314 20.3 184,341 3.8 1890 983,882 20.0 178,646 3.6 1891 971,666 19.5 175,450 3.5 1892 984,736 20.0 176,826 3.5 1893 984,827 19.4 173,493 3.4 1894 1,000,384 19.5 173,245. 3.4 1895 1,095,593 21.1 178,206 3.4

~~1886-1895. 960,424 19.04 * 180,988 3.7 1~~

1896 1,083,497 20.5 178,114 3.4 | 1897 * 1,085,704 20.3 180,666 &4 1898 1,124,594 20.7 182,233 3.3 1899 1,141,752 20.7 180,451 3.3 1900 1,138,561 20.3 175,294 3.1 1901 »... 1,190,264 20.9 155,172 2.7 1902 1,229,623 __21.3 143,875 2.5 . 1903 1,248,718 21.3 145,618 2.5 1904 „ .1,288,549 21.7 144,872 2.4 1905... 7.". 1,335,701 22.1 148,697 2.5

~~1895-1905 1,186,697 21.0 163,491 2.9 1~~

~~1906 1,387,237 22.7 144,068 2.4 1 1907 1,478,783 23.8 141,968 2.3~~

~~72138—10 13~~

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~~No. 7 .—AVERAGE WEEKLY NOTE CIRCULATION AND BANK RESERVES OF REICHSBANK, 188S-1907.~~

~~[In thousands of marks.]~~

~~Bank re serves Notes held (coin, bul Week of— by the lion, public. Iteiehskas- [senscheine).!~~

January 7... 1,241,441 854,157 15... 1,154,735 891,709 23... 1,093,986 933,096 31... 1,102,518 928,158 February 7.. 1,064,396 937,364 15.., 1,029,953 959,237 23.., 1,003,126 982,088 29... 1,035,784 961,564 March 7 1,024,260 960,747 15 968,461 974,880 23 1,037,497 981,908 31 1,262,043 894,733 April 7 1,202,204 899,001 15...... 1,129,185 926,091 23 1,096,123 958,769 30 1,149,817 941,836 May 7 1,120,533 946,946 15 1,085,975 967,523 23 1,052,137 995,945 31 1,082,536 982,214 June 7 1,060,329 982,315 15 1,053,238 995,909 23 1,0S3,539 1,001,686 ' 30 1,289,578 917,878 July 7 1,223,153 918,901 15* 1,101,976 938,093 23 1,106,496 964,360 31 1,128,232 941,934 August 7 1,101,028 938,495 15.... 1,080,007 949,476 23.... 1,064,187 963,722 31.... 1,107,661 929,523 September 7 1,097,591 918,305 15 1,096,116 917,014 23 1,015,523 915,401 30 1,346,704 819,399 October 7... 1,286,941 813,695 15... 1,216,482 835,160 23... 1,176,070 862,833 31... 1,209,377 845,981 November 7. 1,185,908 849,746 15. 1,157,396 870,494 23. 1,122,818 896,048 30, 1,150,644 .879,436 December 7. 1,128,601 877,361 15. 1,129,246 888,812 23. 1,181,642 879,570 31. 1,372,043 827,960

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~~TABLE No. 8.—OFFICIAL DISCOUNT RATE AT THE REICHSBANK YEARLY, 1876-1907.~~

~~| Year. Changes. Maximum. Minimum. Average.~~

~~1876 6 6 3i 4.16 1877 7 51 4 4.42 1878 3 5 4 4.34 1879 5 4i 3 3.70 1880 5 5J 4 4.24 1881 3 5i 4 4.42 1882 5 6 4 4.54 1883 1 5 4 4.05 1884 0 4 4 4.00 1885 3 5 4 4.12~~

~~1876-1885 38 6 3 , 4.20~~

~~1886 5 5 3 3.28 1887 '.. 2 5 3 3.41 1888 2 4i 3 3.32 1889 4 5 3 3.68 1890... 3 5* 4 4.52 1891 4 5* 3 3.78 1892 2 4 3 3 20 1893 3 5 3 4.07 1894 2 5 3 3.12 1895 1 4 3 3.14~~

~~1886-1895 28 5* 3 3.55~~

~~1896". 3 5 3 3.66 1897 5 5 3 3.81 1898 6 6 3 4.27 1899 7 7 4 5.04 1900 3 7 5 5.33 1901 4 5 3J 4.10 1902 3 4 3 3.32 1903 2 4 3* 3.84 1904 1 5 4 4.22 1905 7 6 3 3.82~~

~~1896-1905 41 7 3 4.14~~

~~1906 '. 5 7 4J 5.15 1907 4 5i 6.03~~

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Federal http://fraser.stlouisfed.org/ Digitized Reserve for FRASER Bank to of St. Louis~~

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i—t o o rj W p^ r/j HH i 0> « cn c» - td TO Oi i; Cn 1 i) TO « hH W O U « h-t GO • O O a mH W H> H STATISTICS FOR GERMANY. 201 TABLE No. 10.—AVERAGE INTEREST RATES FOR SHORT-TIME CREDIT IN GERMANY, 1888-1907. [Furnished by the Reichsbank.]

~~Interest rates of the Reichsbank. Market discount rate in—~~

Private Loans on Interest rates Deposit rate Loans upon collateral. & collateral at for daily in an impor Year. discount Official rate of the Berliner money at the tant Berlin discount Reichsbank.< Berlin, d Frankfort Kassen- Berlin bank at its Against im Against other on Main. Hamburg. Verein.« bourse. Berlin office. rate, a perial and securities and state bonds. commodities.

~~1 . 2 3 4 5 6 7 8 9 10 11~~

Per cent. Per cent. Per cenU Per cent. Per cent. Per cent. Per cent* Per cent. Per cent. Percent. 1888 .'. 3.32 3.82 4.32 2.38 2.11 2.25 2.95 1889 3.68 4.18 4.68 2.35 2.63 2.77 3.84 4.52 5.02 5.52 3.52 3.78 3.94 4.64 1891 3.78 4.28 4.78 3.02 3.22 3.69 1892 3.20 3.70 4.20 2.27 1.80 1.94 -""" 2.31 1.2 1893 4.07 4.57 5.07 2.58 3.17 3.21 3.9d 1.9 1804 3.12 3.62 4.12 2.06 1.74 1.77 2.91 1.1 1895 3.14 3.64 4.14 2.08 2.01 2.01 3.33 1.1 1896 3.66 4.16 4.66 2.46 - 3.04 3.07 3.01 3.89 1.8 •1897 ' 3.81 4.56 .4.81 3.08 3.18 3.05 3.74 2.95 1.9 1898 4.27 5.27 3.65 3:62 3.54 4.23 3.29 2.1 1899 5.04 6.04 4.45 4.40 4.47 5.08 3.99 2.6 1900 5.33 6.33 4.41 4.46 4.43 5.20 3.79 2.6 1901 4.10 5.10 3.06 3.19 3.16 3.86 2.81 1.8 1902 3.32 4.32 2.19 2.31 2.33 3.05 2.12 1.4 1903 1 3.84 4.84 3.01 3.12 3.13 3.96 2.94 a. 8 1904 4.22 5.22 3.14 3.23 3.20 3.83 2.81 2.1 1905.... 3.82 4.82 2.85 2.92 2.90 3.68 2.57 2.0 1906 6.15 6.15 4.04 4.14 4.11 4.95 3.86 2.8 1907 6.03 7 m 5.12 5.13 6.19 5.73 4.69 3.6 - a For domestic bills running at least three months upon the same place, or any other bank place. • , 6 The loan rate of the Reichsbank Is generally 1 per cent higher than its discount rate. From March, 1884, to July, 1897, loans upon imperial and state obligations *ro given a preferential rate only one-half per cent higher than the discount rate. For the occasional loans upon precious metals Interest is reckoned at the official dis- coantrate. e In the years from 1880 to 1890, and 1892 to 1896, the Reichsbank bought especially qualified bills, for not less than 3,000 marks, which had at least six full weeks w run, and whose Indorsement represented a significant credit, at a frequently changing preferential rate, the so-called "private rate" of the Reichsbank. In art. 7, •*}, of the Law of June 7,1899, the Reichsbank was especially permitted to discount under the.officially published rates, but only when this rate is below 4 per cent. ^ indicated, bills have not been bought at a preferential rate since 1896. - "Theprivate discount Is granted upon stalled "prime bills-'that is to say, those of recognized solid banks and bankers. They must be payable at a bank place, '•Mn Berlin or some other town with a branch of the ReichsbankT-They must call for at least 5,000 marks, and have at least fifty-six-days and at the most three months to run. «Rate for loans for a month fixed.

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~~TABLE No. 11.—CAPITAL, SURPLUS, AND DEPOSITS OF THE GERMAN JOINT STOCK BANKS, 1876-1907. (Compiled by the Centralverband des Deutschen Sank- und Bankiergewerbes.)~~

~~Deposits and Number Year. Paid-in capital. Surplus. current of banks. accounts.~~

Marks. Maries. Marks. 1876 92 699,488,417 45,045,459 479,474,983 1877 91 607,244,710 43,872,600 384,986,634 1878 96 683,756,501 52,963,112 424,021,181 1879 101 660,344,908 57,189,306 526,958,662 1880. 105 668,272,652 58,572,395 528,698,578 1881 112 739,369,633 70,484,978 678,361,320 1882 117 739,330,500 76,174,844 626,294,970 1883 133 759,576,180 83,871,128 779,811,867 1884 152 838,164,884 88,491,516 920,718,942 1885 165 857,402,033 96,502,273 1,034,224,771 1886 169 851,890,216 106,607,418 1,083,974,986 1887 183 871,609,852 113,928,745 1,057,869,251 1888 195 919,526,821 122,654,921 1,142,024,630 1889 228 1,035,603,927 154,478,956 1,558,308,854 ; 1890 300 1,138,677,130 188,778,367 1,508, $93,098 ' 1891 331 1,174,817,454 201,619,503 1,548,390,420 331 1,153,574,898 208,210,695 1,550,805,561 1893 352 1,173,220,560 214,353,632 1,558,306,166 1894 356\ 1,185,535,584 214,029,141 1,999,362,971 1895 350 1,284,481,990 228,084,117 2,243,187,333 1896 354 1,362,923,150 253,818,538 2,250,587,567 1897 347 1,622,160,467 290,029,177 2,547,280,072 1898 357 1,878,355,051 342,698,611 2,994,805,580 1899 366 2,113,018,239 389,974,152 3,348,533,453 1900 370 2,146,894,300 383,807,837 3,501,782,984 1901 374 2,192,211,035 390,308,447 3,600,933,919 1902 365 2,193,267,537 406,743,910 3,936,297,828 1903 364 2,201,579,937 416,886,903 4,281,939,487 1904 358 2,260,349,373 466,101,485 4,951,557,315 1905 356 2,425,181,731 494,135,786 5,745,155,949 1906 359 2,627,501,699 576,598,917 6,671,196,721 1907 396 2,754,052,826 600,295,158 7,067,357,073

stockban 0 NOTE.—The above table presents the first attempt at a systematic statistical presentation of the capital, surplus, and deposits of all German joint ^?? lote establishment of a uniform monetary standard throughout the Empire in 1876. There are included all of the general credit banks. Special banks, such asit e ^ ab s banks, mortgage banks, foreign banks, fidelity companies, etc., are not Included. The tables are based upon the reports of the individual banks as they are P J* theS6 the "Reichanszeiger," and these publications were but fragmentary and appeared irregularly in the earlier years, especially before 1889, and as, on the other hand, o y original materials can be employed for the preparation of reliable statistics, the above table can make no claim of completeness for the years before 1889. A similar table covering the years 1888-1907 was prepared for the Commission by the Deutsche Oekonomist and will be found on a later page.

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~~TABLE No. 12.—CAPITAL, SURPLUS, AND DEPOSITS OF VARIOUS GROUPS OF BANKS, CLASSIFIED BY SIZE OF CAPITAL, 1876-1907.~~

~~(A) BANKS WITH A CAPITAL OF OVER 100,000,000 MARKS.~~

~~Number Deposits and Year. of banks. Paid-in capital. Surplus. current accounts.~~

~~Marks. Marks. Marks. 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893~~

1895 2 215,000,000 66,619,031 453,488,470 1896 2 ' 215,000,000 67,508,146 442,859,012 1897 3 375,000,000 100,517,375 685,499,550 1898 4 495,000,000 131,279,925 896,374,424 1899 5 615,000,000 159,170,876 1,071,775,925 1900 5 615,000,000 162,843,606 1,084,209,363 1901 5 615,000,000 162,386,223 1,250,322,015 1902 5 672,000,000 176,564,464 1,500,420,793 1903 5 672,000,000 180,469,030 1,654,957,005 1904 6 887,400,375 249,492,021 2,195,285,924 1905 6 889,000,000 255,346,577 2,640,176,753 1906 6 925,336,000 295,731,653 3,040,737,784 1907 6 949,000,000 295,732,328 3,014,642,314

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~~TABLE No. 12.—CAPITAL, SURPLUS, AND DEPOSITS OF VAIUOUS CJHOUPS OF HANKS, I87fr-1907-Continued.~~

~~(B) BANKS WITH A CAPITAL OK FROM 75,000,000 MARKS TO IW.WXUXO MARKS.~~

~~Pepcaiti and 1 1 1 111 ltat camM ofbanS".: ** * * «P Surplu*. accounts.~~

Jlark*. Mark*. 1S70.. 120,243,120 14,053,074 j 103. M0,291 1S77.. 120.22t>, 033 14,235,327 j SO, 4M.OO isrs.. 120,332.200 15,410,416 j ts.sso.Ki 1S79.. 120. I*. 930 \ IJ.OT.ISG j R3,25*,903 1SS0., 120,175. €20; 19,379,394 \ 63.C05.772 1SSK. I77,3t#,45* j 30.177,740 | 209,191,510 1SS2. 150,109,710 i 3£, 234,520 I 19tf,7tf>,23S 1SS3. 150.147, &10 ! 35.341.403 | 22S,423,C£5 im.. ISO. 122,510 ; 34.127.42S | 2^0.4^,302 1SS5. iso.ooo.ooo 37,M4.?C5 j 341, £00,313 1SS6., m. coo, coo 38,M5,225 \ 3c5.9C.f33 18S7. 150,000,000 I 30,953,445 ' 279,901,501 193,1101,500 I 46.S2S.708 ; 235,5*0.130 isso.. 230,000.000 I £0.993,9$! ' 3&S,r<*,,29C.S5* 354,004.017 1892.. 230,000,000 ! £6. $71,2*2 3CA,077,297 JS93.. 230,000,000 f 67,301, €C 353,0*0,041 1S94.. 230.000,000 \ G7,724,7W C4.1C.713 1695.. 1C5.000.000 ! 32,538,390 193,14*. 314 1S06., 245.000,000 j 50.31S,145 3t*1.3ftS,5lS 1S07., 235,000,000 j 50,522,405 133,310,233 isss., 155,000,000 ' 33,413,947 174.733.4*2 1S99.. 90,000,000 2 4, $00,000 111, £46,709 1900.. 90,000,000 24.^00.000 73,336,97$ 190L. 90,000.000 24.SOO.0OO 92.217,fr*i 1902.. 90,000,000 23,154. €64 112, K£, 370 1903.. 92,500,750 2S,34S,2«3 109, C«, 103 1901..

~~1905.. 1C5,000F000 [ 23f12O,00O[ 321, f47,241 1906.. 240,000.000 | 49,049.932 j 556,276,213 1907., 393,000,500 < 76,223,263 i 745.6*3,276~~

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. 205 TABLE No. 12.-CAPITAL, SURPLUS, AND DEPOSITS OF VARIOUS GROUPS OF BANKS, 1876-1907-Continued. (C) IJANKS WITH A CAPITAL OF FROM 50,000,000 MARKS TO 75,000,000 MARKS.

~~Number Deposits and Year. of banks. Paid-in capital Surplus. current accounts.~~

Marks. Marks. Marls. 213,000,000 10,510,409 146,958,179 1S77. 156,000,000 8,032,338 92,336,543 1S7S. 20S,500,000 14,413,991 109,919,653 1S79. 189,000,000 12,718,013 147,217,246 IKK). 189,000,000 12,066,065 124,870,413 1881. 170,753,700 8,909,132 105.597,362 18S2. 141,000,000 7,403,424 77,113,276 1SS3. 141,000,000 7,525,701 85,503,395 ISS4. 177,000,000 12,652,070 136,431,425 18S5. 177,000,000 13,026,373 121,673,348 im. 207,000,000 20,521,373 193,984,168 ISS7. 229,000,000 26,782,150 183,654,129 isss. 229,000,000 26,832,351 230,701,505 110,000,000 26,-109,816 173,282,497 1890. 170,000,000 41,340,424 162,588,769 1891. 185,000,000 44,833,414 187,166,970 1MB. 195,000,000 48,263,414 175,890,565 1893.. 195,000,000 45,957,730 179,576,790 1894., 195,000,000 45,066,243 233,538,238 125,000,000 24,340,779 137,388,187 1836. 60,000,000 6,303,010 72,678,827 1R97., 1S3S., 110,000,000 17,000,000 122,080,340 1899.. 160,000,000 23,787,694 218,483,100 1900., 210,000,000 37,555,832 286,340,565 1901., 260,000,000 39,780,936 289,637,888 1902., 214,250,000 38,646,139 307,074,768 1903., 214,250,000 39,654,213 355,606,483 1904.. 321,200,800 59,355,675 652,779,707 1905.. 395,201,200 74,723,616 580,731,736 1906., 410,737,000 75,934,632 588,238,172 1907.. 275,036,200 53,330,813 447,741,346

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~~TABLE No. 12.—CAPITAL, SURPLUS, AND DEPOSITS OF VARIOUS GROUPS OF BANKS, 1876-1907—Continued. (D) BANKS WITH A CAPITAL OF FBOM 25,000,000 MARKS TO 50,000,000 MARKS.~~

~~r • Deposits and Year. Number of "banks. Paid-in capital. Surplus. current accounts.~~

Maries. Marks. Marks. 1876 12 187,516,920 11,085,401 51,837,009 j 1877 11 158,493,200 10,497,464 42,625,437 1 1878 12 181,893,600 12,070,138 63,334,582 1 1879 12 177,500,000 12,776,451 104,564,984 1 1880 11 168,900,000 13,873,946 99,810,792 1881 11 179,000,000 13,543,059 111,017,130 1 1882 13 211,000,000 13,723,173 105,120,654 | 1883 14 208,000,000 15,236,525 137,598,275 I 1884 15 220,150,000 17,868,102 166,442,737 ! 1885 15 236,243,700 20,693,582 168,932,467 | 1886 14 206,250,000 21,244,890 166,816,352 1887 14 206,250,000 20, 440,914 178,875,895 1 1888 16 238,250,000 21,511,360 222,400,046 1889 5 168,000,000 13,406,697 165,397,455 j 1890 5 172,000,000 18,133,442 116,233,692 1891 4 144,000,000 15,422,972 100,057,984 1892 4 144,000,000 15,083,142 106,159,324 1893 4 144,000,000 14,317,918 108,218,603 1894 4 144,000,000 14,644,803 163,970,611 1895 5 170,000,000 18,051,259 233,921,967 1896 7 234,000,000 32,201,757 249,074,889 1897 11 366,036,425 49,196,959 516,530,583 1898 13 439,928,562 69,308,987 594,457,765 1899 13 483,600,491 79,012,848 635,050,701 1900 12 427,412,443 50,069,784 569,195,427 1901 11 385,770,193 50,795,387 516,967,995 1902 12 427,055,685 53,844,252 567,512,406 1903 12 439,299,130 54,345,537 620,462,648 1904 8 300,537,070 44,092,693 458,880,646 1905 6 207,942, 716 25,449,692 421,308,352 1906 8 243,211,014 25,486,123 501,604,935 i 1907 9 279,428,608 30,517,283 646,133,631

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~~TABLE No. 12.—CAPITAL, SURPLUS, AND DEPOSITS OF VARIOUS GROUPS OF BANKS, 1876-1907—Continued. (E) BANKS WITH A CAPITAL OF FROM 10,000,000 MARKS TO 25,000,000 MARKS.~~

~~Number Deposits and Year. Paid-in capital. Surplus. current of banks. accounts.~~

Marks. Marks. Marks. 1876. 102,565,000 4,563,140 69,132,062 1877. 98,442,880 5,675,885 77,708,629 1878. 94,860,000 4,945,336 58,671,753 1879. 92,910,000 7,571,373 51,852,961 1880. 113,504,400 6,493,143 73,792,217 1881. 133,384,200 11,091,027 97,007,169 1882. 124,384,200 11,329,417 87,020,221 1883. 138,437,520 17,503,929 154,489,151 1884. 144,084,200 13,145,924 128,632,543 1885. 128,424,200 12,255,476 136,014,078 1886. 128,479,200 11,913,685 146,711,831 1887. 126,979,200 11,060,170 144,876,594 1888. 111,229,200 9,001,612 123,898,242 1 1889. 226,083,500 20,673,903 216,741,300 1890. 233,050,400 25,093,808 186,981,198 1891. 272,335,800 32,801,924 197,588,202 1892. 223,750,000 27,209,765 193,448,194 1893. 223,750,400 27,245,270 177,268,923 1894. 237,812,900 30,542,662 247,238,494 1895. 258,330,800 33,828,040 320,716,390 1896. 262,155,800 35,229,493 285,091,282 1897. 250,350,000 32,836,119 227,031,968 1898. 258,632,475 30,529,106 225,474,296 , 1899. 310,239,855 36,293,595 265,660,488 1900. 335,507,375 39,845,817 367,734,942 j 1901. 354,800,700 40,051,857 344,938,629 1902. 310,651,075 36,819,543 306,615,860 1903. 288,651,075 33,731,466 332,038,110 1904. 252,749,975 31,173,875 353,138,758 1905. 324,399,600 36,236,667 509,813,819 1906. 337,059,750 45,680,597 634,207,834 1907. 381,150,000 55,782,434 726,453,563

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 208 NATIONAL MONETARY COMMISSION. TABLE No. 12.—CAPITAL, SURPLUS, AND DEPOSITS OF VARIOUS GROUPS OF BANKS, 1876-1907-Continued (F) BANKS WITH A CAPITAL OF FROM 5,000,000 MARKS TO 10,000,000 MARKS.

~~, Deposits and Year. Number Paid-in capital. Surplus. current of banks. accounts.~~

Marks. Marks. Marks. 1 1876 28 65,540,724 4,049,856 70,845,266 1877 28 62,982,989 4,662,443 74,920,427 1878 29 66,855,280 5,115,714 67,633,782 1879 29 66,801,459 4,845,543 83,282,912 1880 28 61,060,868 5,122,573 80,012,479 1881 29 60,360,578 5,080,187 93,069,548 1882 31 63,248,212 5,449,603 92,812,562 1883 31 66,409,601 6,110,571 97,491,698 1884 38 80,598,608 7,260,222 101,793,378 1885 46 104,558,846 8,451,999 144,792,017 1886 44 99,630,113 8,914,725 137,827,880 1887 44 94,680,815 9,474,701 118,934,555 1888 46 107,494,074 10,555,589 153,657,191 1889 „. 19 121,899,200 9,338,367 133,949,355 ! 1890 24 155,056,500 13,804,236 135,781,299 1891 23 148,266,700 13,202,231 149,557,318 1892 23 152,616,700 19,267,790 150,249,243 1 1893 • 24 165,406,700 23,955,229 • 164,180,209 ' 1894 23 157,000,200 16,003,991 222,680,683 1895 20 131,450,000 12,420,031 186,622,050 1896 18 123,950,000 13,112,835 134,020,741 1897 25 172,871,975 18,333,184 243,198,704 1898 28 190,723,257 22,199,813 263,289,534 1899 30 202,110,799 24,926,299 311,682,487 1900 31 207,246,600 23,801,413 302,627,718 1901 33 218,286,600 24,698,860 281,257,639 1902 33 218,289,800 24,532,792 295,261,039 1903 37 245,249,800 28,989,993 348,137,283 1904 37 247,864,200 20,914,325 376,917,279 1905 29 197,583,000 26,772,750 320,4e5,224 1906 29 205,911,000 28,152,250 340,454,295 1907 29 197,467,000 26,040,715 426,231,097

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. 209 TABLE No. 12.—CAPITAL, SURPLUS, AND DEPOSITS OF VARIOUS GROUPS OF BANKS, 1876-1907-Continued. G) BANKS WITH A CAPITAL OF FROM 1,000,000 MARKS TO 5,000,000 MARKS.

~~Number Deposits and Year. of banks.Paid-i n capital. Surplus. current accounts.~~

Marks, Marks. Marks. 1876. 10 6,666,730 442,150 17,187,122 1877. 11 7,325,290 339,623 18,492,404 1878. 10 6,953,540 476,895 16,043,061 1879. 12 8,691,750 747,085 22,999,280 1880. 15 10,656,503 1,014,664 31,820,507 1881. 18 13,600,637 1,106,381 37,317,870 1882. 18 14,035,947 1,261,812 38,415,452 1883. 23 17,657,408 1,184,868 38,858,598 1884. 25 20,050,696 1,890,759 53,312,342 1885, 25 19,479,803 1,809,233 58,410,984 18SG. 23 17,473,336 1,452,737 50,534,840 1887. 25 19,074,986 1,758,699 63,334,997 1888, 28 21,866,723 2,505,593 58,448,324 1889, 65 146,847,635 15,477,845 294,067,394 1890, 67 137,747,163 15,581,932 314,488,492 1891 70 147,238,039 18,726,744 316,198,375 1892, 78 160,919,665 22,60S, 904 325,569,584 1893, 79 164,701,135 23,694,426 351,217,778 1894. 78 161,445,035 23,625,535 376,180,782 1895. 79 167,809,885 26,500,816 431,340,142 1896. 81 170,758,435 25,811,501 461,499,684 1897. 84 171,515,847 24,640,311 397,831,467 1898. 90 178,507,347 24,580,810 434,287,490 1899. 99 204,099,144 27,331,552 480,279,853 1900. 100 210,652,113 28,914,759 527,023,339 190L 99 214,882,293 31,297,746 530,826,617 1902. 98 209,963,800 34,639,681 560,042,532 1903. 95 198,661,240 34,357,126 569,014,918 1904. 95 200,033,000 34,445,582 604,006,817 1905. 93 195,201,750 34,823,128 641,234,145 1906. 102 217,891,320 39,619,521 715,749,845 1907. 106 229,100,500 43,099,216 723,286,131

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 210 NATIONAL MONETARY COMMISSION. TABLE No. 12.-CAPITAL, SURPLUS, AND DEPOSITS OF VARIOUS GROUPS OF BANKS, 1876-1907-Continued. (H) BANKS WITH A CAPITAL OF FROM 500,000 MARKS TO 1,000,000 MARKS.

~~Deposits and Number Year. Paid-in capital, Surplus. current of bants. accounts.~~

Maries. Maries. Marks. 1876. 3,580,945 220,399 12,936,917 1877. 3,331,589 245,156 12,645,271 1878. 4,076,269 320,515 14,044,994 1879. 4,882,962 386,487 16,092,632 1880. 4,508,167 322,606 17,494,481 1881. 4,425,662 381,655 18,662,494 1882. 4,892,577 404,133 17,908,931 1883. 7,480,047 806,582 32 716,940 1884. 9,737,258 1,377,888 47,262,639 1885. 11,176,378 2,264,493 54,108,608 1886. 12,499,047 1,860,191 61,123,015 1887. 14,871,142 2,535,163 71,168,993 1888. 17,167,287 3,342,016 89,010,635 1889. 12,078,800 1,732,201 45,240,927 1890. 15,090,600 2,039,657 45,667,652 1891. 21,747,450 2,645,195 60,172,047 1892. 18,805,013 2,431,065 49,974,861 1893, 22,880,950 3,127,853 58,617,566 1894. 22,946,700 3,285,985 73,208,900 1895. 23,173,890 3,458,152 79,773,193 1896. 24,732,430 3,931,077 82,866,110 1897. 26,324,100 4,870,303 101,548,623 1898. 26,945,100 5,118,277 103,814,524 1899. 25,142,300 4,924,833 100,297,869 1900. 29,712,475 5,871,478 110,991,325 1901. 32,675,026 6,342,384 117,004,514 1902. 31,443,226 6,216,232 117,301,866 1903. 30,973,450 6,119,931 116,425,735 1904. 30,161,200 6,463,810 122,095,362 1905. 28,701,200 5,498,355 106,238,587 1906, 25,498,400 4,703,804 100,003,686 1907. 23,045,200 4,718,289 92,912,029

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. 211 TABLE No. 12.-0APITAL, SURPLUS, AND DEPOSITS OF VARIOUS GROUPS OF BANKS, 187G-1907-Continued. (I) BANKS WITH A CAPITAL OF FROM 100,000 MARKS TO 500,000 MARKS.

~~Deposits and Year. Number of banks. Paid-in capital. Surplus. current accounts.~~

Marks. Marks. Marks. 1876 1877 1878 1879 1880 1881 1882 1 100,000 9,646 1,165,198 1883 1884 1885 1886 1 100,000 42,000 730,116 1887 1888 J 1 100,000 58,000 816,766 1889...... 77 \% 19,442,562 4,141,005 93,824,073 1890 104 24,160,162 4,658,256 127,334,679 1891 104 23,090,055 4,806,462 137,601,335 1892 113 25,651,485 5,784,473 153,004,827 1893 109 24,262,345 5,600,746 145,985,313 1894 113 33,989,580 * 6,825,338 152,300,001 1895 108 25,466,950 6,938,265 148,490,203 1896 105 24,003,640 6,720,184 152,603,459 1897 94 22,242,630 5,407,586 125,208,680 1898 89 20,743,230 5,415,105 120,241,926 1899 88 19,962,472 5,606,256 124,052,740 1900 84 18,683,450 5,219,707 118,432,221 1901 S3 18,160,562 5,462,089 107,477,844 1902 80 16,966,500 5,510,107 100,910; 661 106,041,499 1903 82 17,410,750 5,725,306 115,173,462 1904 84 17,910,700 5,689,746 127,502,772 1905 88 19,555,900 6,259,112 117,060,031 1906 84 19,319,105 6,220,728 152,194,238 1907 * 96 21,751,525 7,814,843

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 212 NATIONAL MONETARY COMMISSION. TABLE No. 12.—CAPITAL, SURPLUS, AND DEPOSITS OF VARIOUS GROUPS OF RANKS, 1876-1907—Continued. (J) BANKS WITH A CAPITAL OF LESS THAN 100,000 MARKS."

~~Number Deposits and Year. Paid-in capital. Surplus. current ©(banks. accounts.~~

JfarJti. Mark$. Marks. 1876 6 374,975 121,030 6,738,137 7 •442,703 134,364 6,776,243 1878 7 415,522 210,107 6,082,595 1879 S I 471,507 265,163 7,680,738 1880 9 567,094 299,954 7,201,857 18S1 S 469,398 169,797 6,498,197 & 409,854 359,116 9,970,438 1883 7 1 443,734 161,549 4,730,245 1884...... 7 411,612 169,123 6,357,576 1885 9 519,106 356,349 8,402,956 9 459,520 1,812,592 20,299,145 1887 15 753,709 1,923,500 27,122,587 1SSS 12 618,037 I 2,018,692 27,511,791 1889 26 1,252,230 ; #,306,141 40,196,346 55 1,572,305; 2,606,093 42,824,960 1891 72 3,139,410 ; 2,SS7,703 46,014,122 04 2,832,035 690, 880 29,831,666

1893 79 3,219,030 ; 3,152,793 50,160,883 1894 83 I 3,341,169 \ 3.249,798 56,005,949 78 3,250,465 | 3.389,345 58,292,357 1896 81 3,322,845 j 3,682,387 63,628,045 68 2,819,490 j 3,69$. 932 57.120,350 1898 69 2,875,060 j 3,852,581 60,051,799 1899 67 2,863,178 [ 4,120,199 59,603,563 65 2,679,844 4,885,441 61,891,106 1901 03 2,635,661 4,692,965 64,283,133 63 2,647,451 j 4,816,036 6S,291,533 1903 61 2,487,742 \ 5,146,039 70,5^9,701 1904 59 2,491,053 j 5,473,758 73,279,360 1905 61 2,596,365 j 5.905,889 76,007,320 59 2,538,110 6,013.677 76,863,936 79 3,072,993 7,036,974 92,077,448

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NATIONAL MONETARY COMMISSION. 213~~

~~TABLE No. 13.-C0NS0LIDATED STATEMENT OF THE NOTE-ISSUING BANKS (INCLUDING TEE REICHSBANK) 1888-1907.~~

~~[In thousands of marks.]~~

Ratio be Dividends. Paid-in Debit Average rate Number of Subscribed Unpaid Note circu Ratio be tween cash per cent Close of year— Surplus. capital and Deposits. Credit Cash. Bills Loans on banks. capital. capital. lation. accounts. tween cash and notes Securities. accounts of discount surplus. and notes. and discounted. collateral. (over drafts). Amount Per of the deposits. cent. Reichsbank.

Per cent. Per cent. 1888 264, 851 45.282 i,288,500 356,238 987,300 310,133 35.034 76.7 60. o 771.888 135.949 17.795 38,073 13,010 4.9 333 1889 334, 325 44.658 1.350,980 869,177 278,566 388, 738 25,648 62.5 50.0 863,698 225.833 45.407 34,53^ 14.355 6.1 3.68 1890 _ 335 47.680 1,295,224 900,950 331- 379.005 388,653 28,249 70.1 54-1 823.656 182,360 52,935 33, 763 17,455 7-5 4-S3 1891 J 815 47.189 1.313.890 ,043.580 331, 269,004 435.no 32,397 79-6 59.6 782,765 165,114 13.335 45.386 is.138 6.8 1 3.78 1892 673 1,327,829 974,676 333, 47.769 270,441 399.528 32,380 73-1 56.0 818,089 144.320 24.574 60,049 12,516 i s*8 3,30 1893 , 673 1.297,453 929,485 333, 48,358 271.030 410,521 26, 739 71.6 54.3 810,816 177.377 18,763 68,222 14.886 6.7 4.07 1894 671 1,402, 232 319, 47.721 267,393 483,328 30, 735 ,150,189 83.0 61. o 820,370 124,188 17.691 61,293 12.505 5.7 3.12 189s , 671 r.517.974 3X9. 47.750 267,421 487,233 45.395 987.7H 65.I 49-3 998.383 340,619 32,373 40,377 II.747 5-3 3-14 1896 , 173 1.450,282 337, 7.500 48,928 268,600 491.109 32,774 931.615 64. 2 47.9 ,007,035 225,654 18,300 48,942 14.759 6.7 3-66 1897 , 173 i.5i8,574 337, 7. Soo 49,168 268,840 475.38i 35,46o 964.923 63.6 48.3 991.337 197.270 49,375 86,585 ' 15.793 7.3 3.81 1898 , 173 1.551.720 337, 7.SOO 49,86o 269,533 489.203 33.886 894.639 57.7 43.8 .094.747 208,554 53.094 95.899 16,944 7.7 4-37 1899 173 1.556,873 337, 7,500 49.843 269,535 54o,395 39.893 829,323 53-6 390 ,335-182 165,069 38,473 43,153 19.968 9.1 04 1900 t 173 i,6i2, 794 287, 37.SOO 52,189 371,861 556,073 96,398 849,137 52.8 39-0 .545.471 175.345 93.705 103,366 3X,132 9.6 33 1901 1 1.655. 7ii 369, 172 37.SOO 65,023 296,695 628,556 38.139 996,075 60. o 43.o .137,038 233, 143 137.839 64.888 13.389 5-8 xo 1903 1,678,915 253. 500 37.500 63.548 279.548 636,488 23,506 906,580 54.0 39-3 .158.305 349.763 205,474 60,460 11,640 5.4 32 1903 „_. 500 1,742,219 253. 37.500 68, 746 284,746 646,959 36, 2r8 913.548 53.4 38.9 , 281,206 261, 942 131.088 43.328 13.198 6.1 84 1904 1,758,229 253. 500 7.500 82,019 328,019 646,087 70,075 .089,041 59.1 43.0 .140.337 279,318 209,518 70,701 14.544 6.7 i9os 1.825,138 243. 000 7. Soo 81,243 3i6,743 685,248 34,766 909.449 50.6 37.7 .356,084 354.880 237.860 84,262 14.467 6.2 1906 1.954,933 343. 000 7. Soo 80,804 316.304 704,291 30, 445 808,436 41.3 30.4 .470.415 348,940 374.877 46,284 19.146 8.2 1907 2,052,255 243, 000 7.50O 84.258 318,758 733,275 6,953 863,411 42. o 31-5 ,643.771 403,870 130,843 5i.3i6 23,016 9.8 6.03

~~TABLE No. 14.—INDIVIDUAL STATEMENTS OF THE NOTE-ISSUING BANKS AT THE CLOSE OP 1907.~~

~~[In thousands of marks.]~~

Paid-in Ratio be Debit Dividends. Ratio be accounts Subscribed Paid-in Unpaid capital Note Credit tween cash Bills Loans on Securities. Name of bank. Surplus. Deposits. Cash. tween cash and notes discounted. collateral. (over capital. capital. , capital. and circulation. accounts. and notes. surplus. and deposits. drafts). Amount. Per cent.

Per cent. Per cent* 364.398 37.106 X7»8ii 9-89 Ketehsbank 180,000 180,000 68,080 24S.080 1,910, 476 667,778 S.878 787.273 41.2 30.5 i,495.8o6 121.797 8,067 3.000 10.0 Sachsische Bank 30, 000 30,000 8,000 38,000 39.330 33,310 966 27,690 70.0 38.7 63,12 7 18,205 6,397 49 1.485 900 13. O BayerischeNotenbank 15,000 7.5oo 7.500 4,S63 . 11,063 63,885 5.800 4 31.176 49.o 44-7 48,608 3.687 10,294 674 3.061 720 8.0 Badische Bank 9,000 9. 000 3.250 11. 350 17,170 13,569 14 7.144 42. 0 24. 0 ao,479 8,386 2,036 1.597 S85 Wurttembergische Notenbank 9,000 9,000 1.365 10,365 21,394 4.818 91 10,128 47-0 38.6 IS.75i c.s 403,870 130,843 5».3i6 23,016 9.8 Total 343,000 235.500 7.500 84.358 318.758 2,052,355 733.275 6.953 763.411 37-2 27.5 1,643.771 — 1

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NATIONAL MONETARY COMMISSION. 214~~

~~TABLE No. 18.—CONSOLIDATED STATEMENT FOR THE CREDIT OR JOINT-STOCK BANKS OP GERMANY, 1888-1907.~~

~~[In thousands of marks.]~~

Ratio of Dividend*, capital and Number Cash and Securities Close of Perma surplus to Number Subscribed Paid-in Paid-in Deposit ; balance and Debit deposits, of the agencies Surplus. capital and check Credit Accept Bills Loans on accounts nent par of banks capital. capital. accounts. at the syndicate discounted. collateral. ticipa credit year— (branch and surplus. accounts. ances. Reichs- participa (Overdrafts). I Percent es). tions. accounts, 1 Amount bank. tions. and accept of captiat ances.

Per cent. i888_.._ 164 173 866,543 846,724 125,183 971.907 401,605 [ 881,952 470,153 155.525 338,391 574.485 357.235 1,277.680 32.405 1 55-4 63.539 7 1 1*89.... 201 [ 229 1.090, 700 1.053.398 164,624 x,218,022 486,568 1,101,047 534. 796 208,610 367.159 629,332 556,605 1.530,657 73.175 57.4 85.681 7.8 1890..,. 223 3$3 1,141,616 1,102,072 193.355 1.295,377 565.844 890,692 524.498 208,543 360,094 733,072 441,336 x.474.813 55.4x6 6S. 4 85,729 7 *89os 1.35i.538 5,473.841 385.854 39-9 420 839 2.707.656 2,557.892 530,618 3,088,510 1.979.601 4.265,551 1.519.743 491,411 1.198,778 2,253.931 301.385 1 M 1906._ 1 1,571.622 6.049.385 381.194 36. B 432 1.079 2,956,416 2,755.403 605,515 3.360,918 2,421,970 4.855.338 1.845.507 528,075 1,221,034 2,725.095 307.813 1 M 34 5 'fcJ.-.J 421 1,064 3.019.537 2,873.295 643.936 3.517.331 ! 3,697.314 4,816,786 2,262,889 553.675 1.289,563 2,895.304 x.338.7i4 6.373.324 439.365 _

~~A similar table for the years 1871-1907 was prepared for the Commission by the Centralverband des Deutschen Bank- und Bankiergewerhes. and appears on an earlier page.~~

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NATIONAL MONETARY COMMISSION. 215~~

~~TABLE No. 16.—INDIVIDUAL STATEMENTS OF THE CREDIT OR JOINT STOCK BANKS AT THE CLOSE OF w. [In thousands of marks.]~~

Ratio of Giro Ratio of Ratio of Dividends. cash and capital capital and] Number balances! Securities State and and sur Subscribed Paid-in cap Unpaid Paid-in cap Deposit and giro bal Perma surplus to Name of bank. of Surplus. ital and Credit with and syndi communal plus to Debit ac capital. ital. capital. check accounts. Acceptances. Cash. ances to de- Loans on nent par deposits, branches.) surplus. accounts. the cate partici loans and state and counts (over Remarks. posits and collateral. drafts). ticipa credit Reichs- pations. bonds. communal tions. bank. credit accounts, Amount. Per cent. accounts. loans and and ac bonds. ceptances.

Percent. Per cent. Per cent. Deutsche Bank in Berlin 300.OOO 300.000 101.833 301,833 476.104 788.303 341.936 112,639 136, 118 8.9 47.H5 15.6 333,796 753.330 82,332 18.8 24,000 As the holdings of state and communal Dresdner Bank - - iSo.OOO iSo.000 51.500 331,500 334.845 333.699 341.853 065 49.437 9.0 107. 37.134 11.5 103,693 519,020 27.995 29-3 12.600 loans and bonds are, as a rule, not stated Direction der Disconto-Gesellschaft 170.000 170.000 57.593 337.S93 148.639 356.535 340,470 35.183 775 8.7 98. 49.5S5 444.669 104.040 353 IS.300 separately, these holdings are also always Bank f. Handel u. Industrie in Darmstadt u. Berlin 154.000 154.000 39.500 183.500 337.457 78.580 31.308 So, 103 16,356 9-3 8.9 48.533 335.883 33.819 52. 3 9.240 contained in the preceding column, "Secu Schaaffhausen'scher Baukvcrein in Koln u. Berlin . MS.000 145.OOO I 36.456 181,456 73.009 177.393 149.116 ".503 SO 79. 699 10,733 24.388 5-9 379.677 28,889 45-4 10.150 rities and syndicate participations." Berliner Handels-Gcscllschaft in Berlin !O0,OOO 100.000 ; 30.000 130,000 313.883 74.051 33.559 10.6 81. 491 4.540 51.016 35 179.810 45-3 9,000 Commerz-und Disconto-Bank, Berlin — 85,000 85,000 ; 13, 700 97.700 189.340 71.967 8.539 4.5 43, 333 37.982 193.377 10,119 37-4 4.675 Rhem.-Westf. Disconto-Ges. A.-G. in Aachen So,000 So.000 16,050 96,050 53.463 43.801 4.868 98s 39.834 53 10, 1.547 1.6 36.698 138.370 19.746 70.I 6,072 Nationalbank ffir Deutschland in Berlin. - * 80.000 80,000 \ 13,830 93, 820 53.093 11.499 S9. 654 177.709 6.5 38,600 151.278 40. 3 4.800 Rheinische Creditbank in Mannheim.. 75.00* 75.001 13.5*9 88.530 H5.454 94.776 3, 808 4-9 35. 181 837 7.603 8.6 18,983 201,060 10,000 43. I 5.350 Bergisch-Markische Bank in Elberfeld TS.ooo 75.000 35.390 100,390 81,036 88.817 64.770 56 36. 478 9.474 57.210 189.572 3.270 42.8 6.375 Banner Bank-Verem Hinsbcrg. Fischer & Co., Barmen 60.000 60.000 11,600 71.600 39.364 45.440 73.014 7.6 to, 33o 4.500 6.409 4.715 6.6 32,430 145.S7i 196 45-7 Essener Credit-Anstalt in Essen 60,000 60,000 18.176 78.176 63.700 53.486 31.660 7.6 993 10,501 5. zoo 8.839 15. 13.5 34. 563 115.127 6,146 52.9 Mitteldeutsche Creditbank in Frankfurt a. M. und Berlin 54.000 54.000 7.583 61.583 60,183 43.53o 99 138 3.5to 5.979 17. 7.435 103,169 2.709 59-4 Norddeutsche Bank in Hamburg 50.000 50,000 to.580 60.580 45.303 75.340 7.o 851 4.500 65.317 7.78i 31, 35,963 140,048 6,790 32.6 Pfalzische Bank in Ludwigshafen 50.000 50.000 9. 458 59.4S8 4*.479 31.630 5^.454 288 2,500 4.578 6.3 l6. 40.332 80,796 432 47-4 47.579 47.579 71.883 336 2.341 Konielich Bayerische Bank in NGrnbcTg 47.579 isS.349 8.369 4.3 IO. 15.623 20,687 23.8 40.000 9.000 4.000 35,000 856 930 Berg- und Metallbank A.-G. in Frankfurt a. M 31,000 3t3 6 1*9 39. 6,134 11,217.9 35.000 3.7SO 33.048 3,713 967 1.688 Suddeutscbe Disconto-Ges. A.-G. in Mannheim 31.150 1.798 43.93o 35.666 6.3 4. 9.272 S7.420 5.000 42.0 32.600 5.000 305 1.933 Magdeburger Privatbank in Magdeburg 37.600 3, 76O 30.360 76,608 36,866 6.360 8.3 8. 41.694 50,004 1,024 29.3 30.000 40.500 715 2,350 Schlesischer Bankverein in Breslau 30,000 10,500 19.3o8 89.736 7.83X 4.133 3.8 13.514 79.120 5.304 34.7 30,000 753 i.35o Deutsche Effekten- u. Wechselbank, Frankf. a, M . , 30.000 3.835 3*.83S «9.509 17,936 3.6l6 13.4 38.501 3.035 87.7 30S 2,700 Vereinsbank in Hamburg.. -- --< 30.000 30,000 3.750 33.7SO 69,036 33.549 39,066 6.391 6.8 3I.3SO 68,119 i.35o 279 74o 3,035 Deutsche Nationalbank, Bremen, Komm.-Gcs. auf Aktien 37.000 37.000 3. too 30.100 35.338 18,470 37.955 3.083 5-6 29.434 49.578 1,408 36.8 America Bank A.-G., Berlin .* - 35,000 to.000 I5.000 3.500 13.500 83 439 193 36.8 347 1,309 2,937 339.5 668 Breslauer Disconto-Ges., Breslau 35.000 35.000 1.574 36,574 Si. 465 30,319 3,674 5.3 42,993 2,817 37.0 1*500 6 34.000 366 Deutsche Vereinsbank, Frankfurt a. M - 35,000 3.000 37,000 16,000 30.398 1.734 zo.8 3,449 36,950 3,896 74.3 1.440 6 33,500 019 Haanoversche Bank 34.500 3.893 36,393 8,498 36,559 13.536 3.303 7-3 3.803 5L479 3.599 45-o 1.575 7 336 Dresdner Bankverein, Dresden... . 31,OOO 31.OOO 3.000 34.000 10,946 10,503 9.899 X.739 8.x I0.317 37.6SO 76.6 1,360 6 410 Rheinische Bank, Essen —- 31.OOO 31.OOO 3.041 33,041 9.559 33.813 34.366 I.4IO 4.3 56. 438 3.395 39.8 1,360 6 731 Bayer. Bank f. Handel- ti. Industrie, Mttnchen 30,000 17. 750 3. 350 897 18,647 3,798 13, 356 17.433 1.563 10.3 180 35*169 1.437 57-3 8S7 5 34o Deutsch-Sudamerikanische Bank A.-G., Berlin 30,000 11,350 8.750 5 11.355 5.334 38.389 3,363 18.161 541 15.374 34.o o 763 Deutsche tfberseeische Bank, Berlin 30,000 I7.60O 3, 400 3.377 so,977 79.013 93.066 9.318 34.563 30. I 33.8 93.150 ' 11.6 1.584 9 357 HHtehhemische Bank, Coblenx.. • 30*OOO 30,000 3.173 33.t73 3.974 15.986 ao.537 SIO 3.6 19.937 32,108 3.935 57-3 1.500 7*1 305 1.345-3 Credit-Anstalt f. Industrie u. Handel, Dresden, in liquidation 30,000 18.833 I. 167 18.833 14 3 14.3 990 81.3 1,620 Frankfurter Bank, Frankfurt o. M - iS.OOO iS.OOO 800 3 3, 800 37.653 39t 370 8.1 314 17.928 285 9 ' 26.9 1,260 1 Ostbank f Or Handel und Gewcrbc, Poscn und Konigsbcrg iS.OOO tS.OOO 819 30.819 43.056 34.571 10.710 3.135 3.3 549 7.313 49.IS© 7 46.9 640 Deutsche Qrientbank A.-G., Berlin -. 16.OOO (6,000 S3 16,053 33,449 1.793 3.566 7.3 780 15.539 37.697 4 13,022 43-8 1.050 Essener Bankverein, Essen 15,000 15.000 000 I7.000 14.595 13,689 11.573 8l3 3.0 936 1.196 32,713 7 876 1.383 S8.2 975 6* Braunschweigische Bank und Credit-Anstalt, Braunschweig 15,000 15.000 535 *o.53S 8,806 7.707 3,333 753 4.6 308 17.787 31.4 900 6 Landbank Berlin 15,000 15,000 396 16,396 371 55.0^6 30,695 133 .3 366 13.3 64. 735 27.0 1,050 7 Norddeutsche Creditanstalt, Kfmigsbcrg L Pr 15,000 15,000 900 16,900 31.433 31,073 10.143 1.976 3.8 380 14.433 32,254 20,836 54.7 956 7* Ifagdeburger Bankverein.. 15,000 15.000 800 16.800 19.915 10,337 791 4.0 833 17.790 26. 2 975 6* 15,000 15,000 657 16.657 31,733 30,670 11.135 1.979 3-8 764 36.934 19.549 AUgem. Elsass. Bankgesellschaft, Strasburg - 34.4 14.500 1,013 7* Osnabrucker Bank 14.500 63S 18,135 34.303 11,381 7.393 1.333 3.7 877 49.796 73.6 990 9 Hauescher Bankverein Komm.-Ges. a. A- 13.500 I3.SOO 707 l6,307 5.3o8 13,730 3.444 163 3.1 344 4.403 33.939 26.5 1.024 8 13,800 13,800 736 I7.S36 3,033 53.373 9.906 I, 371 3.3 300 60,464 36 Banque de Mulhouse, M Qlhausen 34.2 13,60O 701 45.085 I 1,008 Bank von Elsass und Lothringen, Strassburg 13,OOO 390 14*890 »3.445 37*534 10,933 X.630 3-3 1 8

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NATIONAL MONETARY COMMISSION. 216~~

~~TABLE No. 16.—INDIVIDUAL STATEMENTS OF THE CREDIT OR JOINT STOCK BANKS AT THE CLOSE OP 1907—Continued. [In thousands of marks.]~~

Ratio of Ratio of Ratio of Dividends, Giro cash and capital capital and balances Securities State and and sur Perma- surplus to Number Subscribed Paid-in cap Unpaid Paid-in cap- Deposit and Credit with giro bal and syndi plus to Debit ac Name of bank. of Surplus. 1 ital and check Acceptances. Cash. ances to de communal Bills dis Loans on counts (over nent par- deposits, Remarks. capital. ital. capital. surplus. accounts. accounts. the posits and cate partici loans and state and counted. collateral. ticipa- credit branches. Reichs- pations. bonds. communal drafts). tions. accounts, Amount. Percent bank. credit loans and and ac accounts. bonds. ceptances.

Per cent. Per cent. Percent. Breslauer Wechsler-Bank „ 4 12,OOO 12,OOO 1,760 13.760 3.971 6,537 3.477 737 6.9 3.031 1,633 11. 8 5.793 143 17.2X1 303 98.5 730 I 6 7 12,OOO 12,000 • 2,026 ' 14,026 9.839 9.869 2,747 638 3-3 1.076 3.920 4.371 30,535 5.665 62.5 780 6h 9 12,OOO 12,000 3,046 15,046 3, 262 25.Z30 18,025 1.473 5-3 837 23.753 36,632 3**4 640 8 17 12,OOO 13,OOO 107 13, Z07 11. 130 8, 146 20,002 1,895 9.8 3.4io 6,536 5.498 33,952 30.8 544 5 600 I Duisbwg-Ruhrorter Bank Duisburg 5 Z2.000 13,000 473 13,473 9.342 14.187 15,000 1.690 72 5.457 3.304 35.7 7,864 3,251 33.019 52 32.4 5 X 10,000 5,500 4.500 49 5. 549 4.4i6 2, 204 229 5-3 1,411 3.870 6,633 j 33-8 330 6 88 i XO.OOO 2,500 7-Soo 64 2,564 1,573 3.687 ; s6s 163.0 1,072 553 4 10,000 7,900 2, zoo 1,626 9,526 8,797 1,709 96S IX. O 309 3.714 14.368 90.7 7 6.5 xoo I 4 zz IO.OOO 2,500 7.500 315 3,7iS 22,609 | 18,650 337 3,669 99 363 10,7S3 39,002 | 12,007' 10,830 1,620 6,418 3,383 19,710 47-3 380 6 2 xo.ooo IO,OOO 8l3 10,812 13.4 3,729 5.066 3,953 559 4.5 4,337 15.174 30.5 433 KortigL Wurttemberg. Hofbank, G. m. b. H.t Stuttgart ! i 10,000 S.OOO S.ooo 33 S.033 7.493 1,994 1 656 1,380 3.193 6,256 xo,18S 43.3 375 6 3 10,000 6, 250 3.75o xoo 6,350 zo,761 4,254 6.1 702 2 13.463 13,667 635.6 360 I 10,000 4,000 6,000 393 4.393 .28 5.039 39.868 ' X 42,303 5.183 479 173 469 z IO, OOO 6, 250 3.750 630 6. 880 000002508 H 22.2 1,000 13,601 45.507 1,550 x8,193 31.1 3.136 26.571 15.356 10,436 5 10,OOO 10,000 3,342 13.343 xo 30,691 30.2 750 10,000 10,082 26,546 6,863 1,508 5*7 5.394 7,077 Bank fur Thuringen vorm. B. M. Strupp A.~G., Meiningen 12 10,000 82 7*! 1,223 i5,7oi i. 908 66. x 730 9,000 io,3So 15.664 3, no 21.3 4.485 I 9, ooo 1.350 8 4.477 16,883 86.6 583 9, ooo 9,000 10,035 5.765 4.935 1.595 375 3-5 519 Markische Bank, Bochum _ __ II 1.035 585 7 4.367 5,611 2.9 45o 4.659 6,128 14,354 63. 2 MuMheimer Bank, Miihlheim - 9, ooo 9,000 89s 9.895 5,786 291 64 4 3.138 2.375 18.719 53-6 553 8,500 8,408 3.733 4,659 648 53 1,939 4 8,500 460 8,960 600 6* 10,036 2,905 | 8,648 4,477 24,823 35-4 8, 000 8,000 10,776 14.878 S.553 838 3-4 Dagger Privat-Aktien-Bank - -__ 4 3,776 30. 4 35o 7* 2, I3X 53 3,090 ' 3.378 3.525 12,488 8,000 5.000 3,000 S.5IS 6.045 9.077 803 Niederdeutsche Bank, Dortmund, Komra.-G. a. A _ 19 SIS 19.759 3,480 40.7 640 7 9,669 2.714 1.430 6.4 3.431 8,721 HiMesheimer Bank _ 8,000 8,000 IO,300 12,687 560 8 5 2, 200 8,870 31,786 1,334 4.1 8,000 8,000 17.371 5.691 386 1.7 Staehling, Valentin & Cie., Strassburg i. E?, Strassburger Bank, X 1,282 9,282 7 Komra.-Ges. a. A. 560 7 4.885 1,186 19.3 1.435 4.941 15.262 989 94.1 8,000 8, 000 3,370 I0.37O 1.827 4.313 i 13.210 67.7 ! 400 5 3,940 787 8.5 1,516 5. "I 8,000 8,247 S.343 3.909 Wurttembergische Landesbank, Stuttgart__ 3 1 8.000 *"*"* 347 133.3 466 6 1,076 369 6.4 1.645 4,309 9.649 7.76z 1,650 9.4H 4.193 1,633 Credit-und Sparbank, Leipzig _ _ 3 7.761 463 1,713 5.633 1,773.44 375 5 1 450 5 94 I. 541 ...... 7. Soo 7.5oo 1,415 8,915 53 I 7.321 13.955 580 63.48 53S 7 7,369 1,139 868 6.6 1.152 Chemnitzer Bankverein _ _ 8 7. Soo 7.5oo I.4SO 8,950 5.837 450 8* 3.654 l6,4I3 28.355 17.6 25.430 15.368 409 987 3.4 8 7,500 6,000 1,500 I.350 7.350 1 6 6 Westholsteinsche Bank in Heide - 1.057 33.397 . 34- 487 25.319 133 " 7.500 7.500 I, 270 8.770 6i Centralbank fur Eisenbabnwerte, Berlin W i 1.913 3.803 ' IS-Si 430 4,553 154 81 1.8 S.I93 _.____.--- 3 7,000 7,000 300 7.300 455 6 Bank fur Brauindustrie Berlin 3-& i, 340 4,606 X5.14I S4-8 We 4,933 5.187 3.376 383 stf.-Lippesche s 7,000 7,000 400 7.400 82.6 240 6 . 410 73 664 1.427 8, 743 5,000 z.ooo 5.071 3.024 2.569 547 X3 X 6, 000 71 | 2,975 35.626 31.4 547 738 3.3 595 4.800 7. SOI 33.534 xo,150 420 7 6,000 z. 200 3.40I 11,652 1,803 12,070 34.1 7 4.608 99 1,358 900 6,900 8,806 6,820 615 360 6 Kfaigsberger Vereinsbank Konigsberg i. Pr- - - I 6,000 6,000 3, 03 I 2, 284 18,375 42.8 3.6 593 7,160 9.734 5^69 1.534 857 270 6 LobauerBank, Lbbau (Sachsen) - 5 6,000 6,000 I, l6o s.s 5.4M X3.405 43.5 S.966 5.681 6,090 I.93I 683 333 380 8 Commerzbank Liibeck - -- X 6,000 4.981 1.019 985 3.668 12,315 32.1 zo,o6z 2,339 752 6.x 201 10 5.500 3.SOQ 2,000 535 4,025 223 32.6 550 Holsten-Bank NeumQnster (Holstein) --- 5 53 13.065 148 20,799 9.034 14.343 ix,768 1,364 3, 268 1,064.x Vogtlindische Bank Plauen. _____-- — 3 5.500 1 S.500 3.S34 : 1,695 79 143 x .7 339 1,286 3.964 335 1.5" 58.4 340 4 il I S.350 6.0 1,140 3.519 6,348 5.3i6 7,384 X.82I 438 3.987 300 z 5,000 S.ooo 3i6 5.881 1.433 xb,104 42.3 6 9.3 695 5,000 S.650 7.318 5.064 99S 1,143 1,623 31.4 180 ^ostocker Bank 3 5,000 650 2.338 13,434 9 1,583 9-4 1.313 5,000 385 5.385 16,857 94-S 7 ^ecklenburgische Bank, Schwerin j 2 5,000 6.3 379 3,633 5,000 S.393 329 4.068 3.350 3,884.6 C X 5,000 5.000 336 'Neuburgert Komm.-Ges. a. A., Berlin 9.6 4.500 4.5oo 156 15 301 61. 2 315 7 1 4,500 3,539 908. 9-564 3,3X1 6.0 4.500 5,000 3.340 3,633 359 46S 1 338 X 4.500 Soo | 3.8i3 | 1.786 1 8,444 •1 57*3 1 ?I ! 5.4oo | 4.733 | 3,206 i *95 | 3.7 696 K«clerBank, Kiel 1 I 1 4.500 1 4.5oo 1 900 j 3,557

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NATIONAL MONETARY COMMISSION. 217~~

~~TABLE No. 16.-INDIVIDTJAL STATEMENTS OF THE CREDIT OR JOINT STOCK BANKS AT THE CLOSE OF 1907-Continued. [In thousands of marks.]~~

Ratio of Ratio of Ratio of Dividends. Giro cash and capital [capital and] Number balances] Securities State and and sur Subscribed Paid-in cap Unpaid Paid-in cap Deposit and Credit giro bal Debit ac Perma surplus to Name of bank. of Surplus. ital and check Acceptances. Cash. with ances to de and syndi communal plus to Bills dis Loans on nent par deposits, capital. ital capital. accounts. the cate partici loans and state and counts (over [branches.! surplus. accounts. posits and counted. collateral. drafts). ticipa credit Remarks. Reichs- credit pations. bonds. communal tions. accounts, Amount. Percent bank. accounts. loans and and ac bonds. ceptances.

Per cent. Per cent. Per cent, LeipzigerCredit-Bank, Leipzig __ 4.500 3.457 5.303 14 573 6,489 4.500 877 5,377 6.5 398 380 563 6t.3 360 Pforzheimer Bankverein, A.-G., Pforzheim 4,500 4.000 1,060 5,060 5.78o 3.5H 356 6.2 691 2, 102 435 54-S 360 Vereinsbank Zwickau .. 4,500 4.500 2,279 6,779 10.155 7.344 1.151 940 5-4 2,040 7.832 022 36. 4 428 4,500 Bankf. industr. Unternehmungen, Frankfurt a. M_ - _ 4.500 262 4.762 9i5 21 2.4 4.099 38i 530-4 203 Berliner Produkten- u. Handelsbank in Liquid 4, 200 224 3.976 224 230 Waren-Credit-Anstalt Hamburg _ 4, 000 4,000 400 4, 400 1,632 818 278 1*7 486 70 935 1796 280 7 Pfalzische Spar- und Credit-Bank, Landau 4,000 3.500 1,070 4.57o 4,482 1,451 2,982 137 *.$ 79i 5.045 704 51.3 315 9 Oldenburgische Spar- u. Leih-Bank, Oldenburg 4, 000 4,000 1,900 5.900 43.921 5.789 146 575 1.3 .799 9.516 8,172 381 11.9 360 9 Bank Ziemski, A.-G., Posen 4, 000 4.000 405 4.405 1.974 365 300 43 1.8 257 34 241 166. 9 160 4 Siegener Bank f. Handel u. Gewerbe, Siegen, W_ 4, 000 4, 000 1, 000 5.000 2.293 6,650 993 604 6.8 .041 t, 260 3*1 50.3 280 7 300 SchwarzTvalder Bank-Verein Triberg 4,000 4, 000 758 4,758 2.998 1.453 14 114 2.6 316 1.565 610 to6.6 5 195 Coburg-Gothaische Crcdit-Gesellschaft, Koburg 3,900 3.900 824 4,7*4 637 1,678 53 162 7.0 .176 3i4 410 1,189 1996 5 352 Solbger Bank, Solingen 3,600 3,600 799 4.399 1.323 2, 186 3.523 435 12.4 3,066 257 63.6 7 3,5oo 912 338 Blberfelder Bankverein, Elberfeld 3.500 573 4.073 3.771 1.537 1,166 3*4 5-9 135 1,669 554 63.8 *l! 350 Muhlheimer Handelsbank, A.-G- _ 3.5oo 3.500 1.038 4.538 3.949 3.172 1,357 140 2.0 484 i,998 1.35r 365 53-5 to 356 Meyer & Cie, Caisse d'Kscompte de Metz. Komm.-Ges. a. A 3.200 3, 200 612 3,812 4. 105 7.497 3,060 588 5-1 62 4.831 9i« 25-4 8 3. 008 3It Erfurter Bank, Pinckert, Blanchert & Co., Erfurt _ 3,008 551 3.559 408 1,799 488 378 17.1 242 2,877 431 132.1 7 3.000 63 Ottensener Bank, Altona it 500 1,500 3i5 1.815 3.949 1,821 476 149 2.6 291 4.867 558 29.1 5 130 Berliner Makler-Verein 3,000 3,000 900 3,900 5.822 90 1.6 57 4.893 593 1.390 67.0 4 195 Berliner Viehcommissions- und Wechselbank 3.000 3.000 525 3.525 7.265 335 4-5 96 628 .050 49-3 61| III. X Borsen-Handelsverein in Liquidation 3,000 10 10 9 I 11.1 132 366 7M-0 Vermogensverwaltungsstelle fiir Offizierc und Beamte, Berlin, 3, 000 877 3.877 543 109 20.1 249 Komm.-Ges. a. A. 50.6 188 Oberschlesische Bank, Beuthen. 3. 000 4.939 858 302 6.1 816 2,498 5,363 2,500 435 3,935 300 799 10,807 47.8 Bonner Bank fur Handel und Gewerbe, A.-G 3.000 3, 000 965 5.768 1.694 833 136 1.8 732 3.965 405 *3l 731 4.5*9 165.6 Waren-Liquidationkasse Hamburg - 3.000 3,000 1,625 2,793 3-8 1.453 4.625 17,609 47.8 180 6 j 3,000 3,788 3.308 83 134 1.9 53i Bank fur Landwirtschaft und Gewerbe, Coin 3,000 393 3.393 tit 9 9* Lit. A. 32.2 1.073 6,993 3,000 2,790 932 3.733 7,651 1.932 103 66 151 8 Lit,G Rheinische Volksbank, Coin... _ _ -- 3.104 1, 213 3.692 47-5 144 J 7 2.462 894 306 174 5-2 Welder Bank, A.-G _ 3, 000 1,630 i,37o 112 1,742 144 12 339 8,251 21,846 6.1 1.484 490 519 1-3 Oldenburgische Landesbank, Oldenburg 3,000 1, 800 x, 200 663 2, 462 38,378 IS© s 2,620 1.302 8,249 43-9 4.531 640 34i 5-7 flauener Bank, A.-G., Plauen 3.000 3,000 240 3.240 2. 217 567 126 6 15,120 8,454 5-4 49.307 380 186 .4 31,913 Bank Zwiasku Spolek Zarobkowych, Posen 3.000 2,094 906 600 2,694 3.548 16S 5* if 6,053 7.812 21,938 9-o ecklenburgische Spar-Bank, Schwerin - 3,000 3, 000 400 3,4oo 37,448 40 r 407 3.7 2,227 303 1,459 85 8.827 48.6 7i °Wlausitzerbank, 2ittau_ 2, 700 2, 700 960 3, 660 3, 86s 3.o54 703 177 2.6 752 208 2, 130 6,460 53-9 8 5,242 283 5-5 7 Vereinsbank Neumunster, A.-G - 2,600 2,600 360 2,960 35i 386 167 6t 641 t, 962 6. tsr 51-2 2,500 2,501 49o 2.991 i,37o 1,922 2.546 184 5.6 150 Herforder Disconto-3ank 4,670 60. I 6 150 3,45i Aachener Bank fur Handel und Gewerbe 3,500 2, 500 400 2, 900 1, 711 a, 890 226 419 9.i 225 9 1,100 1,946 7.017 51.5 ^belner Bank, Dtibeln 2,500 2, 500 972 3.472 5.534 1.170 359 5-4 200 1,981 6,013 Sr.6 72 3-7 18 ^reinsbank Frankfurt a. O _ --. 2, 500 2, 500 270 3, 770 2, 624 3.675 196 350 3.123 3.803 60.9 220 113 2.0 184 530 KklerKredit-Bank ___ 2,500 2, 500 420 3.940 4.119 457 tit 1,707 3,670 7i.4 1 758 141 4.7 355 29 ^estdeutsche Vereinsbank, Komm.-Ges. a. A., Miinster in Westf. 2, 500 2,500 139 3,639 1.178 1,761 80 8 i,537 7,7M 11.4 407 329 3-4 867 912 cnwarzburgische Landesbank, Sondershausen 2,500 1,000 160 I, l6o 6,100 3.659 108 4|j 1,089 2,219 82.X 440 142 4.9 453 1.681 2, 400 3. 400 315 3,715 3,424 454 132 It B^mische Hypotheken-Bank, Bremen 1,335 6, 134 |i,3°9 19-4 92S 280 4.0 436 Vereinsbank Kiel __ _ 2,400 1, 200 350 i»55o 4.366 2,693 840 63 3 246 3.659 3.686 48.7 2, 400 2,400 520 4,901 1,092 4 55o 9.2 ts8 741 Lubecker Privatbank. Lubeck 2,920 1,893 4.270 60. o 2,100 2, 100 515 3, 420 1,672 263 7o r.8 533 Creditverein Neviges 3,615 40 1.548 420.3 63 10. 7 1,122 80 2,000 2,000 467 3,467 587 9.344 Maxtlrich&Co., Komm.-G€S.a. A., Berlin 1.306 333 45.1 4.373 4,813 67 79 1.6 ^dw.Genossenschaftsbank, Darmstadt.. 3,000 2,000 330 3»23o

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NATIONAL MONETARY COMMISSION.~~

~~TABLE No. 16.-INDIVIDUAL STATEMENTS OP THE CREDIT OR JOINT STOCK BANKS AT THE CLOSE OP 1907-Continued.~~

~~[In thousands of marks.]~~

Ratio of Ralio of Dividends, Giro Ratio of 1 cash and capital [capital and] Number balances| Subscribed Paid-in cap Deposit and giro bal Securities State and and sur Perma surplus to Name of bank. of Paid-in cap Unpaid Credit with and syndi communal plus to Debit'ac capital. ital. capital. Surplus. ital and check Acceptances, Cash, ances to de-| Bills dis Loans on nent par dciK>sits, branches.! surplus. accounts. the cate partici loans and state and counted. collateral. counts (over accounts. posits and drafts). ticipa credit Reichs- pations. bonds. communal tions. accounts, Amount. Percent. bank. credit accounts. loans and and ac bonds. ceptances.

Per cent. Per cent. Per cent, A.Busse&Co., Berlin _ 3. OOO 2,000 113 2, 1X3 1.397 79 5-2 250 309 2.355 150.0 160 8 i Esslinger Actien-Bank, Esslingen 3, OOO 3,000 480 2,480 64O 373 138 37-1 208 817 2,314 345.1 t3o 61 Vogtlandische Creditanstalt, A.-G., Falkenstein i. V 2, OOO 3,000 305 2, 205 1.843 2,435 133 313 .918 13. 3 88 4,^76 &i-3 140 7 Bankverein Gclsenkirchen, A.-G., Gelsenkirchen a, ooo 2,032 3,000 32 1.749 93 S 373 130 4.8 53 .088 3.p£>3 66.5 875 6 GottingerBank, A.-G., Gottingen 2, OOO 1,000 1,000 141 1,141 2,678 3.357 3 06 267 44 286 966 s.pss 18.3 70 7 Rostocker Gewerbe-Bank, A.-G., Rostock a, ooo 880 1,120 170 1.050 4.466 100 7Si 16. s 343 77i 3,641 33.0 69 7 TrierischeVolksbank, A.-G., Trier._ 3, OOO i,32o 660 1.340 660 6,294 1.464 850 338 3-3 499 .959 8,678 30.3 I So 9 Unnacr Bank, A.-G., Unna _ 3,000 2,072 3, OOO 72 339 34i 166 30 3-5 43 280 2S4 2, I06 281.5 140 7 1 BergischeKreditanstalt, A.~G., Gummersbach _.. 3, OOO 1,116 I,OIO 106 1.676 1.093 477 43 i.S S7S 910 2.030 34-4 160 8 I Hanseatische Bank, A.-G., Hamburg _ 2, OOO 3,000 50 2,050 664 1,728 43 57 I08 6.9 479 500 3. no 77.8 160 8 Hametoer Bank, Hameln 2, OOO I.SOO 47 1,547 r.SSo x6 235 1.5 633 356 1.183 12.4 75 5 Rtieinisch-Westfalische Bank fur Grundbesttz Essen (Ruhr). 2, OOO 3.358 10 2,000 258 3.414 677 38 1.6 347 2,Bo8 73- 1 200 Kattowitzer Bankverein _. 2, OOO 1,081 I.OOO 81 3.295 396 154 4.6 317 .415 2,p63 33.6 70 7 BannerCreditbank, Barmen __ i.Soo 2,053 3IS 6 x, 800 253 1.5i5 873 137 70 175 ,086 2.631 76.0 73 Norddeutsche Handelsbank, A.-G.. Geestemunde i. 8oo 1,800 1,844 373 6§ 44 1,569 2,268 198 5-2 79S 661 1.171 3.p87 45-3 SS Oberfrankische Bank Hof in Hof_. i,8oo 1,800 2, 400 6 600 3, 466 840 25 1. 1 323 624 4,fl7 82.7 xo6 6 Oberschksischer Credit-Verein, Ratibor i, 8oo I, 800 2, 180 117 380 1,606 632 822 194 93 452 .325 3 88.6 1*7 * LandlicherVorschussverein zu Krogis.__ i,8oo 360 1,440 123 483 6,628 8.478 259 1.8 477 795 13.J41444 3-3 Markischer Bankverein. A.-G., Gevelsberg I.7SO I.OOO 750 27 1, 027 680 1.817 1.134 202 8.1 IS .446 x, 306 2,*8j 28.3 7 , xoo ^rder Bank, A.-G., Norden „ 1.700 1,190 Sio 175 1.36S 6, SOX 930 40 .6 396 «x6 191-7 Zwickauer Bank in Liquidation __„ 1,600 294 1.306 7 301 164 1,500 42.0 70 Welder Aktien-Bank, Alfeld-Leine 1,000 500 91 1,091 2,051 38 337 93 191 897 * i too 748.x 335 15 DeutscheTreuhand-Gesellschaft, Berlin.- _ 1.500 1,500 1,500 3.000 401 860 2x4.0 2.734 6x4 48.4 100 êr Bank, Lehe in Hannover 1,500 1.500 350 1.850 3,867 946 198 5-2 445 xo I x.023 43.6 105 PotsdamerCreditbank, Potsdam _ i.Soo 1.500 250 i.75o 3,643 x. 462 116 2.8 365 7 •f" 9,375-0 kwerbebankSpeyer, A.-G., in Liquidation _ 1. 500 750 75o 750 8 Wes 74S 667 S3.o 128 8i *r Bank, A.-G., Wesel _ _._ 1,500 I. 500 614 2, 114 3.03s 950 90 2.3 .125 1,500 .263 8,023 16.6 105 7 VereinsbankWismar 1,500 38s 1,885 X3,780 I, IIO 450 3-2 •\" Liq.-Kt. Liq.-Kt. .•00 4.556.2 4 ^rdfnesischeBank, A.-G., Tondern, in Liquidation 1.500 729 729 16 9 771 60 460 644 V 83.3 4 'werlausitzerKredit- und Sparbank, A.-G.. Cottbus _... 1, 500 1.500 94 1.594 I. 760 154 166 94 1.138 7, j?4 18. 1 88 63 êrVolksbank,DUren 1.500 1.320 Sio S.645 4.026 454 97 97 3. O .536 180 1.830 1.4375 750 50 'na-Export-, Import- und Bank-Compagnie, Hamburg. 1,500 1.500 E.Soo 3,000 X.796 291 5 753 42.2 972 727 3.^07 49-3 ios 7 I Zentralbank, A.-G.. Hamburg 1.500 1,500 So 1.SS0 2.587 559 114 4-4 IS6 953 330 90 6 ] tttemsbank Hannover 1.500 1.500 85 1.585 3.72a 751 398 10. 7 650 1.727 3S-o 139 xo 1.500 x.Soo 6,169 114 199 32 .056 5. HP ^nerBank,Wurzen _ *. 700 3, 200 10. o 110 10 1.4 .433 30X 8,394 3, ho ^huss-undSparverein in Lubeck __._ _.. 1,400 1, 200 22g 1,429 12,735 303 177 80 6 6 i.ôx 238.9 ^ssischesLeihhaus. Berlin.. 1.330 i.33o 156 1,486 633 30 33 I0 939 9.JJS4 16.7 130 western u°der Bank, Geestemunde 1.300 1,300 8,690 1.834 437 138 1.3 1.939 535 1,835 16. o 9i 34 Baa< 2,833 3.689 2.|33 ^deMetz.Metz 1.280 380 900 862 1.443 7.76s 158 3.0 8 780 3.379 28. 4 60 psdorferBanki„Ronsdorf_^_ - 241 8l 2.6 172 1. 250 75o 500 210 960 3,003 I. 132 66.0 78 6| 436 711 183 2.

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NATIONAL MONETARY COMMISSION. 219~~

~~TABLE No. 16.—INDIVIDUAL STATEMENTS OP THE CREDIT OR JOINT STOCK BANKS AT THE CLOSE OF 1907—Continued.~~

~~fin thousands of marks.]~~

Ratio of Ratio of Dividends. Giro Ratio of cash and capital [capital and] Number balances| Securities State and and sur Perma surplus to Unpaid Paid-in cap Deposit and giro bal Del ac* Name of bank. of Subscribed Paid-in cap Surplus. Credit with and syndi communal plus to Bills dis Loans on :tyt nent par deposits, Remarks. capital. ital. capital. ital and check Acceptances.! Cash. ances to de coun (overH branches. surplus. accounts. accounts. the posits and cate partici loans and state and counted. collateral. ticipa credit Reichs- drafts), Percent credit pations. bonds. communal tions. accounts, Amount. bank. accounts. loans and and ac bonds. ceptances.

Per cent. Per cent. Per cent. Altonaer Bank, Altona I, OOO 1.000 1,020 8,843 44S 405 348 3.7 738 219 •6,330 10.5 Ahlener Bankverein, A.-G., Ahlen (Westf.) I, OOO 1,000 1, on 682 151 312 18 2.3 706 [l, 500 88.3 Den Nordslesvigske Folkebank, Apenrade l.OOO 260 740 190 45o 4.646 1.589 50 33 .5 195 .897 1.378 7.2 Bank fur Werte ohne Borsennotiz, G. m. b. H., Berlin I, OOO 250 750 250 191 34 17.8 21 356 130-9 9-8 Deutsch-Westafrikanische Bank, Berlin I, OOO 250 75o 15 265 i55 1.906 291 609 11.6 t,o84 fl.679 13 S 60 6 Deutsche Palastina-Bank. Berlin I, OOO I, 000 68 1,068 548 2, I48 19 312 3-9 1,320 jj. I&9 393 158 Erste Berliner Kautionsgesellschaf t I, OOO 1,000 1,084 2.084 II,296 995 389 34 303 36 p. 759 170 1S.8 1.529.4 to 4 Revisions- und Vermogensverwaltungs-A.-G., Berlin I, OOO 250 75o 260 17 214 1.938. s IS 6 Tfeahand-Vereinigung, A.-G.,Berlin _._ I, OOO 250 750 252 13 5 38.5 310 763 4*. 2 64 7* Bonner Privatbank, A.-G., Bonn X, OOO 900 100 281 1,181 2,511 240 48 7r • 3 37o 3,857 426 3.686 28.3 80 8 Bremer Bankverein, Bremerhaven I.OOO I, 000 223 1. 223 4, 161 I76 58 1.3 693 7i3 421 52.6 5© 4 Hessische Bank, A.-G., Darmstadt _ _ I, OOO I, 000 9 1, 009 283 I, 176 458 75 5-1 155 [t, i93 132 94.5 35 S DorstenerBank, A.~G., Dorsten__ _ _ I. OOO 500 500 3 5o3 250 274 8 24 4-6 3 1,119 36.6 *S 188 705 3 Emmericher Creditbank, A.-G., Emraerich a. Rh- - I, OOO Soo 500 225 7^5 I.283 1.349 115 37 1.4 75 7i 3.0 384 943 1.89S SO 9 EschweilerBank in Eschweiler _ I, OOO 1, 000 ISO 1, 150 r.309 7SS 197 62 173 31.8 40 4 61 3-4 866 3,085 Fknsburger Privatbank, Flensburg I. OOO 1, 000 132 1, 122 2.SI4 250 107 193 J.978 2,375 70 570 699 7 Frankenthaler Volksbank, A.-G., Frankenthal _ I.OOO 1. 000 307 1,367 462 58 3-9 262 3. 488 873 621 SO 748 85.2 5 I, OOO 1.0.00 317 I.3I7 1.463 171 II.1 302 ji,984 Vorschussbank zu Freiberg i. S 81 50 224 215.9 5 Westdeutscher Bankverein, A.-G., Hagen (Westf.) I, OOO 1,000 31 i, 021 120 85 19. 8 34 •I.*00 310 8.1 30 68 244 I, OOO 250 20 785 .763 8.4 i 480 Deutsche Africa-Bank, A.-G., Hamburg 370 3,489 57 8l3 36.8 I, OOO 159 5-5 °324 jj,7io Kreditbank, A.-G., in Hameln _. x, 000 93 1,093 2,339 S65 80 4-8 816 4,663 56.8 I, OOO i, 000 ,189 255 869 Landgrafliche Hessische concessionierte Landesbank in Homburg. 2. 189 4, 292 1,066 98.6 5© 8-5 27 546 11.473 I. OOO 1,000 33 89 Bank des Rheinisch. Bauernvereins, A.-G., Koln 1,033 911 137 53-4 80 3-7 212 895 3.S39 It OOO 1,000 316 X 9i Leipziger Vereinsbank, Leipzig-Plagwitz - - it 3 » 2.343 123 S*« 70 7 I, OOO 4,051 217 3.o 459 3.227 698 JS.1G3 MannheimerBank, A.-G., Mannheim.__ 1,000 100 1, 100 <* 14. 763 65 6i J3.788 I, OOO 2,946 104 2.4 95 1,138 Rheiner Bankverein Ledeboer, Driessen& Co. in Rheine (Westf.), 800 98 898 1 1.348 174 30. t Komm.-Ges. a. A.e So 352 3,683 78l 163 5* 2. 1 287 Creditbank Rosenheim. A.-G _ 1,000 X, OOO 18s 1, 185 1,694 44*9 80 918 17-4 137 1.450 J. 6o7 Keuvorpommersche Spar- u. Creditbank, A.-G., Stralsund I, OOO 800 26 826 5. 194 99 1,317 1.580 »5-6 1.966 153 41 1.9 Creditbank Tondera in Liquidation I, OOO 1,000 40 1,040 49.1 :3.*35 356 24 • 9 189 735 Zaberner u. Wasselnheimer Bank in Zabern i. Els . I, OOO 1,000 123 1, 123 1,600 952 24 38.6 I 60 Berliner Spar- u. Depositenbank, Berlin, in Liq : _. 1,000 475 475 46.8 9.0 34 \t.3iS 2,439 4 4 100 Waaren-Commiss.-Bank, Hamburg -. I, OOO 1,000 312 1, 212 36.6 6.7 116 1.348 4.709 979 339 27-7 64 7. RendsburgerBankinRendsburg _ -- I, OOO 1,000 336 1,336 4.041 2.4 482 1.747 ^3.461 2,782 I 1.763 136 in 46.3 61 9 Kreuznacher Volksbank, G. m. b. H 918 918 380 1,298 45 703 13.455 617 78 108 417 18.0 135 15 Apoldaer Bank, A.-G., Apolda__ _ - 900 900 245 I, 145 1.778 1.9 1.554 |S.891 1,383 123 393 3tt 43 7 Eislebener Disconto-Gesellsch., Eisleben _ - 900 900 399 1,199 5> 262 4.0 718 3,587 770 6 104 69 23.4 65 6* Geringswalder-Bank.Geringswalde (Sa.) — 850 700 131 831 1.893 1. 1 6 2, 271 J1.9S0 2,830 529 35 40.1 32 4 Gronauer Bankverein Ledeboer ter Horst & Co. in Gronau (Westf.). Soo 800 I03 903 497 2.6 I, 123 1,9SO 1.198 19S 57 97 137-9 Heilbronner Gewerbekasse, A.-G., Heilbronn _ 800 800 IS© 950 975 r 328 . 3 53o 50 1 38.9 52 61 800 800 800 Norddeutsche Industrie-Bank in Konigsberg 20 , 922 3,3$4 2,800 180 139 209 11.3 S3 7 800 800 464 I, 264 273 31.6 garter Gewerbekasse, Stuttgart _ 626 486 3,649 6 • 380 94 23 3-8 24.6 36 750 75o 216 966 1 2,673 FreibergerBank, Freiberg i.Sa... 28 2S0 2,343 4 per cent on 600 preferred shares: nothing 1,830 135 6.2 33.2 34 750 Soo 39 539 363 3,91° Handels-und Verkehrsbank. A.-G.. Hamburg —. 1.8 180 on 150 common share*. p 805 i 1.783 660 56 44 aderbomer Bank, Paderborn 750 75o 55 Si 43.3 38 81 'l,367 649 335 245 95 * ^biger Bankverein von Schroeter, Koerner & Co., Komm.-Ges. 700 450 250 70 520 271 IS-3 a- A. I Zoerbig, Sa. 1,161 >.36° 3*7 643 Leisn^Bank,A.-G.,Leisnig. - - 650 500 151 651 3.921 ' 616 0857 000 marks own securities which were purchased are not included

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NATIONAL MONETARY COMMISSION. 220~~

~~TABLE No. 16.—INDIVIDUAL STATEMENTS OP THE CREDIT OR JOINT STOCK BANKS AT THE CLOSE OP 1907—Continued.~~

~~[In thousands of marks.]~~

Ratio of Ratio of Ratio of , Dividends. Giro capital capital and balances] cash and Number Paid-in cap Deposit and giro bal Securities State and and sur Perma surplus to Subscribed Paid-in cap Unpaid Credit with and syndi Debit ac Name of bank of Surplus. ital and check Acceptances. Cash. ances to de-| communal plus to Bills dis Loans on nent par deposits. capital. ital. capital. accounts. the cate partici loans and state and counted. counts (over branches surplus. accounts. posits and collateral. drafts). ticipa credit Reich s credit pations. bonds. communal tions. accounts, Amount. Percent. bank. accounts. loans and and ac bonds. ceptances.

Per cent. Per cent. Per cenf* Bank fur Naphtaindustrie, A.~G., Berlin 670 600 30 630 357 190 35.7 33 i 39s 1.678 140.9 Berukasteler Volksbank, A.-G.. Bernkastel a. Mosel 600 600 182 782 3.4U 162 39o i.S 121 J4,5« 19-7 Credit-u. Spargesellschaft in Borbeck, i. Liquid 600 600 24 624 710 2 { 180 87.6 Akt-Ges. Creditbank, Duisburg 600 300 2S4 584 2,125 i»i77 80 4.1 744 738 i 16.7 13 .2,410 600 600 158 758 480 122 761 24-3 Eislebener Bankverein Ulrich Zwickert & Co., Komm.-Ges. a. A., 2,639 3.9 J3.536 i. Liquid. Kreis Bergheimer Volksbank, A.-G., i. Horrem _- 600 600 166 766 3.5oo 59 1-7 4,438 31.9 t Credit- u. Vorschussverein, A.-G., Lommatzsch 600 120 480 62 182 2,251 252 48 1.9 689 395 7.3 Creditbank fur Stadt und Amt Menden, A.-G., Menden i. Westf _ 600 300 300 no 410 1,339 336 52 3-3 223 676 !i,o5i 36. 3 Neustadter Bank in Neustadt i. Sa _ 600 600 180 780 2,692 298 31 1.0 54 368 ^,809 36. I 3S 32.8 Rusticalbank in Posen 600 600 224 824 i,993 517 5 . 2 2, 070 879 f 600 600 35 635 t.952 103 7i 3-5 131 738 30.7 Riesaer Bank, A.-G., zu Riesa •1.850 638 19 1.7 IO7 218 54.7 Bank Ch. Spies & Cie., K.-G. a.A., Zabern i. E - - 600 600 38 i, 140 1.493 70 2. 2 754 714 24.1 Zoerbiger Creditverein von Lederer, Kdtsch & Co., Komm.-Ges. 600 600 204 804 1,966 1.375 13, 370 a. A., Zoerbig i. Sa. 506 2,669 31.4 6 per cent on preferred shares; common Bank f. Landwirtschaft u. Industrie, Kwilecki, Potocki & Co., S87 587 48 635 1,44* 145 shares, nothing. Komm.-Ges. auf. Akt., Posen. 5o 767 34.8 7 Volksbank, A.-G., Aschaffenburg. _ - - 564 S64 245 809 1,693 629 63 2.7 *. 135 186 38 589 I,3<>7 58.4 6 Volksbank Arenberg-Meppen in Meppen, Hannover 55o 55o 229 779 z, 102 38 3.o 95 173 47.3 10 500 500 114 614 ,300 49 3.8 1,721 Breslauer Viehmarktsbank, Breslau --- 18 636 32 1. 2 355 435 3.350 15.8 Amstadter Bank von Riilmer, Czarnikow & Co., Komm.-Ges. a. A^ 500 250 169 419 ,947 63 76 262 ; 748 101. 5 41 500 500 101 601 449 143 39 6.6 Discontobank Berlin _ - --- 78.3 6 206 15 5-9 153 y 391 Bcueler Bank, A.*G., Beuel „„ -- 500 200 6 178 75 1 126 843 1.539 s6.8 500 500 51 55i 778 , 171 69 3-5 Harzer Bankverein, A.-G., Blankenburg 36.7 406 84 5-9 120 40S 1,166 Vereinsbank zu Colditz - 500 500 21 521 ,014 169 112 96 I 968 34-4 35 HI 500 200 300 292 139 .057 32 2.7 Treuhandbank fur Sachsen, A.-G., Dresden _ 92 30.9 4-4 241 175 !• 996 15 5 500 300 200 38 338 993 101 48 Vereinsbank Frankenberg i. Sa 337 269 34.9 40 8 547 952 457 158 28 1-3 1,495 Hupener Creditbank, A.-G. Eupen _ - 500 500 47 37-3 7 f 8.8 157 877 i'x. 146 35 500 500 639 ,379 34o 153 Bergmannische Bank, Freiberg i. Sa 139 1,626 6 8 16. 3 35 xo 28 31 1. 2 622 ;: s 500 250 250 154 404 ,460 Haderslev-Bank, Hadexslebeu-.- 8 56 1,135 40. 2 23 7 J] 200 335 833 19 2.3 Heldrunger Bank von Strutz, Scharffe, Dittmar & Co., Komm.- 500 300 35 Ges. a. A. I 381 3,777-7 23 6 Three fourths of a year. 18 500.0 24 500 500 500 6 Sachsische Bank f. Bergbau u Industrie, A.-G., Leipzig. _ J 946 720 47-0 30 523 1, T12 -9 500 500 23 L490 92.6 17 6 Pro rata temporis. Lflnener Bank, A.-G., Lunen 16 6.1 30 241 500 35o 150 IS 365 153 325 23 S Neheimer Bankverein, A.-G., Neheim - - 14 ^,607 33.3 20 1,307 31 2.4 4 500 250 250 55 305 43-0 6 Harzer Bank, A.-G., Osterode ._ - 140 191 1.423 18 525 729 4i3 1.8 Artlander Bank, A.-G., Quakenbruck 500 500 35 258 1,228 47.6 35 6i| I,O8I 1.4 133 Cre

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NATIONAL MONETARY COMMISSION,~~

~~TABLE No. 16—INDIVIDUAL STATEMENTS OF THE CREDIT OR JOINT STOCK BANKS AT THE CLOSE OP 1907-Continued.~~

~~[In thousands of marks.]~~

Ratio of Ratio of Ratio of Dividends. Giro cash and capital I capital and] Number Subscribed Paid-in cap Deposit and balances] giro bal Securities State and" and sur Perma surplus to Name of bank. of Paid-in cap Unpaid Credit with Debit ac capital. Surplus. ital and check Acceptances, Cash. ances to de-| and syndi; communal plus to Bills dis Loans on nent par deposits, Remark*. branches. ital. capital. accounts. the cate partici loans and state and counted. collateral. counts (orer ticipa credit surplus. accounts. posits and draft*). Reichs- credit pations. bonds. communal tions. accounts, Amount. bank. accounts. loans and and ac bonds. ceptances.

Per cent. Cofledaer Bank, Komm.-Ges. a. A. in Colleda. Per cent. Per cent. 400 200 200 33 235 I, 295 117 46 3-3 112 190 11313 16.6 Privatbank, A.-G., Haderslebcn 400 100 300 19 119 r, 080 29 30 2.7 184 658 [334 10.7 Dissener Volksbank, A.-G. in Hannover 400 400 87 487 1, 222 30 2.4 64 241 474 Chenmitzer Viehmarktsbank 390 332 58 239 S7i 1,268 175 12.9 455 137 i|l*7 43.1 Central-Viehmarktsbank, Dresden 390 39o 473 863 2,601 55 2. x 1.057 22 21104 332 .Hagdeburger Viehmarktsbank 390 390 259 '649 519 145 152 22.9 164 23 t i 046 97.7 Stolberger Bank, Stolberg Rhl 344 344 70 414 756 356 49 4-9 313 liijS 37.2 Bankverein Friedriehstadt _ 330 30 39 69 1.249 23 1.8 204 1,10s 5-5 Volksbank in Geilenkirchen-Hiinshoven Total of cash, bill* of ex 315 3IS 154 469 3. 103 597 3^8 15-1 tic*.

Altenburger Sparbank in Altenburg, S.-A 300 300 326 626 6,334 137 2. 2 766 6,073 9-9 Volksbank Bendorf a. Rh 50.4 300 250 37 287 524 32 23 4. 1 52 336 Creditbank in Cleve 40.7 7 300 300 63 363 205 687 48 5-4 258 rsi [*>* Volksbank Bochum 229 12.5 8 300 180 250 43o 3.037 413 42 1. 2 2,39' ftankf. Viehmarktsbank, A.-G., Frankfurt a. M _ 40. 2 5 300 300 31 331 212 6x1 113 13.7 80 1.039 Volksbank in Frechen 98.5 6 300 300 32 332 204 133 2 .6 74 43 570 Jankverein Greussen inTh 210 23.2 7 300 300 109 409 r.535 232 6l 3-5 229 1.1°i 6 Wvatbank Marienburg, Komm.~Ges. auf Aktien in Konkurs. i, 802 6.9 300 300 13* 438 5.403 977 6l 1.0 . 252 .751 12 3ankverein in Mayen 300 16.1 36 300 320 620 3, 150 605 107 49 6.9 ,076 759 2,VS 122.O 23 711 Credit-Gesellschaft in Mewe, Koram.-Ges. a. A 300 59* 300 27 327 268 3 i.S b° land*. Credit-Anstalt, A.-G., Regensburg 214 607.6 13 43 300 284 16 38 322 9 44 3 9-4 39 ScHleswiger Bank, A.-G. in Liquid 118 48S *8o 16.6 21 7 300 IS© 150 3i 181 863 215 28 3-1 15 Kandleihanstalt in Stuttgart _ 168 5 300 300 57 357 3 5 44 30 10 530 1 10.3 Gewerbebank Waltershausen in Th 300 150 64 214 296 SO 2.4 292 217 I.33 3*.1 17 si! landw. Creditverein f. d. Wendland i. Wustrow 300 300 10S 405 :.3oi 1.0 129 43 1.554 13 18 7 591 12. 2 J Volksbank in Hebsberg 250 250 && 338 2,340 420 41 2.1 260 2.176 14.0 Schleibank, A.-G., Kappeln 250 250 55 . 305 i, 126 .063 23 1.1 82 993 1.43* 150 25.2 G-rafschaftsbanfc, A.-G., Lingen . 250 250 9 259 688 297 29 3.o 48 104 1,356 61 156.2 Osterhoh-Scharmbeeker Bank, A.-G 250 250 250 97 5S 19 12.5 44 1%2 22.8 Gewerbebank in Goch __ .... 240 240 80 320 64 4-9 103 347 I.IIB 93o 383 13.9 180 S Vorsehussverein Roth bei Numberg 240 120 122 24 756 9 1. 2 834 4i 30.5 Bankverein in Frankenhausen, Kyffh 225 225 284 33 3-6 3 1,17* 59 756 176 14-7 496 10 Creditverein zu Lechenich 225 1*3 160 273 1,786 65 23 1.2 1,60S 300 15-7 Tiegenbofer Creditbank in Liquidation _ 223 295 1,820 13 • 7 465 223 47 1.336 355-9 2IO 2IO 11.9 Viehmarktsbank, A.-G., Halle a. S 210 59 7 :i«5 16.3 Bank 3-5 87 285 verem in Bischofswerda. 200 I40 45 185 778 357 40 874 107. 8 5-3 5 290 Ebersbadier Bank, Ebersbach 200 200 22 22a 206 n 134 27-3 1.1 129 7 Act-Vorschussv. Blankenau i. Glosa b. Chemnitz. 200 ISO 19 169 568 Si 7 66t 12.7 246 480 Forbaeher Bank, A.-G., in Forbach, Lothr 200 200 77 277 600 1,034 82 S-o 1,623 71.8 3-o 114 Gewerbe- und Vorschussbank in Karlsruhe 200 200 16 21G 230 71 9 411 25-3 24 12 I 238 2S6 6 Volksbank Mayen _ _ _._ 200 200 285 485 .697 201 32 1.7 1.5<> M.3 12 6 417 45 2 Creditverein Neustadt a. Aisch 200 200 54 254 .773 27 1.5 1,043 9.2 20 25 v X7 178 324 »einsbank in Pegau, Sa _ _.. 200 80 87 167 1.814 31 1,483 21.4 M 71 3-9 541 Volksbank in Radevormwald, Koram.-Ges. a. A_. 200 20O 44 244 1. 138 45 782 17-3 32 it Vw 3-5 155 425 *nsbank Sebnitz i. S 200 200 125 325 1.789 94 66 1,578 22.0 1.3 53 266 Handwerkerbank A.-G. in Spaichingen 200 IOO 100 44 244 119 986 13 965 8.4 tl 7 ! v • 4 200 35 t.575 : «k*ank in Zell (Mosel) 200 ISO SO 82 132 1.527 37 7 3-5 14 | 7 4.6 104 125 5i4 312 Vorschussbank in Zschopau... 200 200 I 56 256 704 21 33 18.1 14 7 327 1.8 317 t.Sio 16.3 i 12 ^itverein A.-G.. Windsheim 200 200 127 1.783 27 33 1 6 i.S 96 1,310 204 38 ^ehnsbank A.-G. zu Augustusberg (Erzgeb.) _ .. 200 173 I 31 19

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NATIONAL MONETARY COMMISSION. 222~~

~~TABLE No. 16.—INDIVIDUAL STATEMENTS OF THE CREDIT OR JOINT STOCK BANKS AT THE CLOSE OF 1907-Continued. [In thousands of marks.]~~

Ratio of Ratio of Ratio of Dividends. Giro cash and capital [capital tuidj Number Paid-in cap Deposit and balances| Securities State and and sur Paid-in cap Unpaid Credit giro bal Debit ac Perma surplus to of Subscribed Surplus. ital and check Cash. with and syndi communal plus to Bills dis Loans on Name of bank ital. capital. accounts. Acceptances. ances to de-| count! (over- nent par deposits. branches) capital. surplus. accounts. the posits and cate partici loans and state and counted. collateral. ticipa Remark*. Reiehs- pations. communal drafts). credit credit bonds. tions. accounts, Amount. Percent*! bank. accounts. loans and and ac bonds. ceptances.

Per cent. Per cent. Per cent. Creditverein A.-G., Dettelbach 200 So 69 S64 16 1.9 32 45 798 8.0 Fleisch-u. Viehmarktsbank A.-G., K6nigsberg__ 200 200 203 209 18 12 28 8.6 333 971 7* 192 192 220 ,079 31 299 150 Spar- und Vorschussverein in Ostrau i. Sa _ 2.3 97 16.3 6| 180 69 69 807 26 Vereinsbank in Fiirstenwalde, K.-G. a. A. i. Liq_ in 3-1 "4 606 8.3 180 ,991 S84 90 217 Creditbauk, Geestemiinde _ 65 us 65 3-5 187 1,853 542 ».5 180 164 ,868 377 5i 279 968 Spar-u. Vorschussverein Meissen _ 18 162 182 1.6 42 S.6 160 160 80 993 15 583 398 301 Volksbank in Miihlhausen i. U - 240 i-5 24.3 150 17 528 16 23 26 26 590 Vorschussverein zu Alsleben, Komm.-Ges. a. A_ 90 107 4.2 19.7 ISO 75 678 27 86 70S Gewerbebank in Boblingen _ - -- ISO 225 5 4.0 32 32.9 150 168 1, 322 . 30 250 700 406 Kreisbank Deramin, Komm.*Ges. a. A 150 3i8 .677 1.0 10.6 21 Bankverein in Elsfleth (Oldbg.) 150 150 277 427 511 1,567 1.0 456 S29 160 363 so. s 15 27 Volksbank in Flensburg _ ISO 150 18 168 1. 299 2. 1 ,393 42 13.9 8 { 26 Bankverein in Rastede i. Oldbg __ IS© 50 100 19 69 959 2.7 8 250 490 7.3 IS 64 078 Spar- und Vorschussverein in Rohrsdorff ISO 30 120 30 ,223 2.9 Z20 i.J 24 6 Vorschussbank Schafstadt, Bez. Halle. _ IS© 100 50 141 431 19 S-3 577 31.3 22 4 Bankverein in Schkolen b. Naumburg a. S 150 IS© 187 987 44 2. 1 3IO 499 487 18. 1 68 825 S Bankverein A.-G. in Werther IS© 150 206 , 261 87 2.0 37 329 6.3 ISO 25 5-8 324 334 6 I Spar- und Vorschussbank A.-G. in Zeitz 75 75 113 369 99 18 34.1 17 106 861 5 Spar- und Vorschussverein Brand i. Sa 120 120 161 882 24 1-9 3i 17.8 104 719 10 I Spar- und Vorschussverein Dahlen 120 30 9o 48 764 27 137 6.1 29 433 S 120 80 40 91 540 85 4.6 254 146 Neue Vorschussanstalt in Furstenberg Mecklbg.. 3i 10 109 400 .9 ,048 z.8 Vorschuss- und Sparverein A.-G., Gottingen 109 239 , ior 643 21 5.8 59 383 354 Spar- und Credit bank in Leubsdorf 107 107 128 362 16 3-4 109 152 59.o 100 100 121 189 7 Veremsbank A.-G., Sommerda _ _ _ _ 350 too 401 34 8.5 99 24.9 Creditbank in Groitsch i. Sa 100 100 5-1 93 178 73.6 4) 100 100 114 80 77 8 Hornberger Creditverein _ 300 i54 175 18 5 5 69 64 35-3 7 [ Bank in Liittringhausen 100 100 116 206 38 3-4 349 356 533 13. 1 Spar- und Vorschussverein A.-G., Molln 100 100 148 924 6.8 46 95 49 130.7 100 100 US 88 6 Vereinsbank in Naunhof b. Leipzig .346 11. t ,238 157 38 2.7 324 54 Spar* und Darlehnsverein zu Nossen i. Sa 100 100 155 • 4 ,097 11.S 100 100 iti 965 4 Creditverein A.-G in Langenzeun 938 13.4 US 910 19 8 • 9 108 Vorschussverein A. G., Neustadt a. Aisch 100 100 4 3.8 25 992 137 96 96 123 772 125 34 Vorschussverein Neuenkirchen bei Melle ios 465.6 17! 149 32 102 318.7 9 Viehmarktsbank in Danzig 90 90 II.3 6 I 2.9 456 160 ,363 90 3i 241 33 8 Spar-und Vorschussverein in Elsfleth (Oldbg.)._. 30 474 8.6 5 536 2.6 101 90 36 46 14 Landw. Creditverein in Krolzheim _ 225 608 34 233 10 80 166 711 21 30 90 86 4.5 Creditbank A.-G., Fiirstenwalde IS3 880 15 19 , 026 66 41 3-8 73 80 30 49 IT.8 7 ! Bankverein in Sachsenhagen _ .6 8 793 10 85 699 23 4 Sparbank in Hermsdorf (Ezgeb.) 75 75 520 562 xi.6 961 90 14 1-3 99 48 123 8.8 Bank in Lygurakloster, _ 75 75 482 937 120 1,364 90 6.6 Vorschussanstalt in Neustrelitz 75 45 30 75 96 176 68.6 72 6 8.3 75 75 30 105 83.5 Glebabank rolniczy, Posen 8 7-8 78 84 11 86 103 20. 4 Dwanto^esdl. Mansfeld, Komm.-Ges. a. A 75 75 130 236 304 10 11 35 72 36 28 64 399 29.3 Bankverein A.-G., Laucha _ 36 14 4-4 317 It-4 70 23 93 ,121 ^bank, A.^G., Langewiesen 7o 1,069 10 • 9 88 52 122 198 48.9 Creditverein in Volkach (Bayem) . 7o • 7o .8 64 127 4 2.4 63 63 .581 SparundLeihkasseinDorphof 79 13 37 1,484 732 xo.8 Darlehnskasse, A.-G., in Anktim (Hann.) - 60 IS 16 72 645 21 »* ^Vorschussverein Gr. Hartmannsdorf (Sa.). 60 60

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NATIONAL MONETARY COMMISSION. 223~~

~~TABLE No 16.—INDIVIDUAL STATEMENTS OF THE CREDIT OR JOINT STOCK BANKS AT THE CLOSE OF 1907-Continued.~~

~~fin thousands of marks.]~~

Ratio of Ratio of Ratio of Dividends. Giro cash and capital capital and] balances! Securities State and and sur Number Subscribed Paid-in cap Unpaid Paid-in cap- Deposit and giro bal Debit ac Perma surplus to Name of bank. of Surplus. ital and check Credit with ances to de •and syndi communal plus to Bills dis Loans on nent par- deposits, capital. ital. capital. accounts. Acceptances. Cash. the counts (over Remark*, branches. surplus. accounts. posits and cate partici loans and state and counted. collateral. drafts). ticipa- credit Reichs- credit pations. bonds. communal tions. accounts, Amount. Percent. bank. accounts. loans and and ac bonds. ceptances.

Per cent, Per cent. Per cent. 60 Vereinsbank zu Muhlen St. Jacob (Sa.) 60 72 225 4.4 280 32.0 60 30 Bankverein in Sachsenhagen 49 z, 026 66 3.S 153 880 AS Vorschuss-Verein in Vechta (Oldbg.) 60 30 74 1.5i3 49 •5 809 838 4.7 Sparbank Wildeshausen (Oldbg.)- 60 iS 16 633 17 .8 33i 141 3.5 60 Gewerbebank in Lollar in Liquidation . 60 80 277 47 3.A 10 35 57o 14.9 55 Creditverein zu Nidda 55 119 174 1.369 1.8 zoi ,446 13.7 Volksbankin Ibbendiiren.- .-_ 55 55 24 79 490 83 • 3 29 5i3 ts.8 Si 51 Landw. Creditanstalt, A.-G., in Leutkirch _ 136 187 3,678 .6 343 ,635 7.0 Landw. Spar u. Vorschussbank in Langenau (Sa.) So 30 30 206 5.i 13 307 U.8 Bankverein in Lonningen (Oldbg.) ___ So 13 19 169 46 2.8 176 S3 8.8 Vereinsbank in Mutschen (Sa.) So So S6 140 1.4 S 162 40, o Creditverein, A.-G., in Wilhermsdorf _ SO So S3 418 9 •5 461 10. 1 Spar und Leihkasse in Ahrensbok (Oldbg.) _-_ 48 48 60 4.334 130 • 9 4.490 1.3 Sparverein in Neustadt (Coburg) _ 45 45 61 907 1. 1 982 6.7 Gewerbebank, A.-G., in Emmcndingen (Baden)_._ 44 35 35 37 Spar und Vorschussverein, A.-G., in Aldingen 40 40 49 172 44 5 2.3 390 20. 3 Creditbank, A.-G., in Gelting (Schleswig) 40 40 43 133 49 8 4.4 66 94 33.2 Vereinsbank in Wesenberg (Mecklenburg) 40 14 23 139 138 3 .8 57 ^33 8.9 40 40 Vorschussanstalt Ludwigslust SO 606 Si 9 1.4 149 495 43 7-S 3.8 No dividend paid according to statute* Vereinssparkasse Bersenbriick (Hann.)_ __ 3» 38 43 81 3,843 85 30 • 7 3,001 36 18 7.9 Ersparnis u. Vorschussanstalt, A.-G., in Schoneberg (Mcklbg.) 18 136 154 1,949 7 6 • 3 333 1,777 Vorschuss-Anstalt. 319 33-3 7 Bank fur Gewerbe und Handel in Laichingen 35 30 39 59 ^S3 7 3.8 239 33 14.1 6 Bankverein, A.-G.t Mansfeld _-_ 33 33 3 36 255 14 S-S 64O 10. I »i] Spar u. Vorschussverein z. Deutschenbroda (Sa.) 30 30 55 85 645 IS 1.8 51 8l8 6.6 S Sp. u. Leihk., A.-G., Ulsuis-Klirschenholz (Schlsw.) 30 30 Si 768 14 1.8 675 7.3 9 Vorschuss und Creditverein, A.-G. in Gedern 38 a8 48 666 S3 3-5 8lO 9.0 8 Creditverein Ortenberg (Hessen) 37 37 73 784 7 • 9 24 373 15.4 6 Vorschussbank in Gablenz (Sa.) 26 36 37 333 6 3.5 8 384 4 9-8 Sparverein, A.-G. Oranienbaum 25 35 35 356 4 1.6 1,543 2.0 as 30 1.495 4 • 3 Bankverein Alverdissen _ . 35 656 3.6 20 Spar und Vorschussverein zu Mohorn (Sa.) ___ 25 35 35 677 2.9 65 8.3 10 J 05 13 8.S Sparverein, A.-G., Worlitz 474 IS 3.7 Spar tt Darl.-Kasse, A.-G., z. Steinbach b. Giessen 5 IS 472 13 3© Vogelsberger Volksbank in Liquid, zu Schotten 19 1,498 Hrsparnis u. Vorschussanstalt, A.-G., Schoneberg (Mcklbg.), 9 .35 Hrsparnisanstalt. 388 10.9 34 36 329 9 2.7 No dividend paid; same is distributed Spar und Vorschussverein Erfde __ 9,671 313 16.5 25,636 373 i.S 15,898 among depositors in the form of interest. Danziger Sparkassenverein, A.-G _ • 4, 333 4,331 19 66 37.7 2.4 38 Vorschussverein fiir Malchin, A.-G —. 14 23 82 368 8.1 21 Established to secure the right of trade and Vorschusskasse in Crainfeld (Hessen) 13 259 5 name. Westfalische Bank, A.-G., Bielefeld .___ ------5 34 10.6 331 Vorschussverein zu Brake (Oldbg.) - 31 35 337 3.0 s No dividend distributed. Par und Leihkasse in Sarlhusen (Holstein) 5 8 273 ; 903 8.3 Spar und Leihkasse, A.-G., Schenefeld _ 74 75 900 34.3 307.813 73 2,895.304 1.338,714 6,373.334 439,365 3,262,889 544,214 9.461 1,289.563 145.836 43X Banken. 1,064 3.019,537 3,873.395 146,343 643.936 3,5r7,23i 2,697.314 4,816,786 I

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~~TABLE No. 17.—COLONIAL AND FOREIGN BANKS AT THE CLOSE OF 1907.~~

~~[In thousands of marks.]~~

Ratio of Ratio of Ratio of Dividends. Number Total of Deposit cash to Securities State capital and Debit capital and Subscribed Paid-in Unpaid surplus to Name of bank. of Surplus. capital and Credit Accept Cash. deposits and syndi and com surplus to Bills of Loans on accounts branches. capital. capital. capital. and check accounts. ances. and cate partici munal state and exchange collateral. (over deposits, surplus. accounts. credit pations. bonds. communal drafts). credit ac accounts. counts, and Amount. Per cent. loans. acceptances.

Per cent Per cent. Per cent. i 35,000 10,000 15,000 2,500 12,500 83 439 192 36.8 5,247 3.849 1.307 3,937 339.5 Deutsch-tJberseeische Bank. Berlin 24 so,000 17,600 2,400 3.377 20,977 79 013 93.066 9,3i8 34,563 20. z 8.763 5,000 33.8 67,067 93.150 11.6 1.584 9 4 20,000 II,250 8,750 5 ".255 5,234 28,389 2.363 18,161 54.1 1.340 11,428 15.374 340 4 Deutsche Orientbank, Berlin _ __, 5 16,000 16,000 S3 16,053 32,449 1.793 2,566 7-3 780 4,361 IS*539 27,697 46.9 640 1,000 10 BrasUianische Bank fiir Deutschland, Hamburg __ 5 10,000 10,000 3.343 12,342 13.601 45.507 i,55o 18,193 JI.I 3.136 26,571 15.356 10,436 32. 2 4 Bank fur Chile und Deutschland, Hamburg __ 10 10,000 2,500 7,500 215 2.715 22,609 18,650 327 4,120 9-9 363 10,752 28,552 6.5 zoo 1,000 480 8.1 30 8 Deutsche Africa-Bank, Hamburg 4 250 75o 20 270 785 2,489 33 2.763 8.4 68 244 Deutsch-Palastina-Bank, Berlin 1,000 30 13.759 8.7 60 6 S 1,000 68 1,068 iz,296 995 389 3-9 303 X, OOO 312 I, 330 2,189 9-8 13 5 3 250 750 IS 265 548 2,148 19 11.6

~~124,632 32,303 194.574 30.8 3.417 6i 104.000 68,850 35.150 8.595 77.445 121,873 234.433 16,398 81,259 22.5 20,000 5,000 5 —*m——~~

~~TABLE No. 18.—CONSOLIDATED STATEMENT OF THE MORTGAGE BANKS, 1888-1907~~

~~[In thousands of marks.]~~

Dividends. Communal Ratio of Communal Cash and Debit Out Own' Loans on] accounts Close of Number of Paid-in and branch] paid-in Accept Credit Covering Free mort [and branch] balance at Bills dis Securities. col Number of Subscribed Paid-in Unpaid Surplus. Mortgage Deposits. standing counted. bonds. (over the year. banks. branches. capital. capital. capital. capital and bonds. railway capital and ances. accounts. mortgages. gages. railway interest. Reichs- lateral, surplus. mortgage surplus to loans. bank. drafts). Amount. Percent. bonds. bonds.

10,316 78,809 52.115 338 40,680 188,619 1888. 28 36,488 107,943 592, 180 13.158 8,974 34.313 28 286,106 284,606 1,500 57.634 342.240 2,309,116 19,880 14.7 69,164 23.847 74.553 57.36o 528 69.837 346,531 1889 157.no ,036, 525 3L975 13,166 37.421 31 3i 33L990 321,865 10,135 59.266 381,131 2,817,526 25.336 13-5 63.414 47.057 35,868 80,894 68,493 9.194 37.373 370,028 I8QO 103,184 273, 674 35.494 10,968 33,822 3t 3* 357.120 337.247 19,897 64.775 402,022 2,898,364 33.444 14.1 66,724 38,450 37.007 93.855 63,837 1.035 4L736 331.382 1891 I I3L373 405, 679 41.557 16,846 35.732 32 32 388,439 346,941 41,498 66,779 413.720 2,994,749 220,945 12. 8 68,871 43,368 38,502 116,675 75.853 4,684 49.373 340,392 1893 ] 122,041 ,860. 126 45.977 22,027 41.964 33 32 407.315 373.393 33.322 77.924 451.217 3,679.684 4L738 12. 2 57.866 51,280 39,958 110,056 75.330 3.800 41,610 355.464 1893-..- 113.994 184. 486 51,181 25.368 33.999 32 32 426,290 399.188 26,402 92.575 491.763 3,962,866 45.156 12.2 56,656 49,982 33,430 146,834 93,734 1.303 53.632 348,092 ,631, 4i7 28,413 49.142 1894—_ 33 439.9oi 413,081 26,400 512,577 4.437.038 11.4 68,397 55.735 H9.790 62,177 35.559 33 99.496 53.741 86,686 125,101 5.663 40,464 290.398 i8r, 649 82,380 33.337 50,305 189S—J 36 36 486,676 457,577 29, 099 57i.45i 4,862,708 66, 560 11.8 99.844 54.884 216,604 39.103 113.874 107,320 134.308 2, 320 46,957 393.147 1896.... ,607, 098 73.935 44.335 51.552 42 5r 543.596 504.651 38,945 629,484 5,194.408 7o,753 73.822 50,871 199,133 38,322 124.833 n.9 109,202 130.895 4.758 44.504 279,003 1*97—. 746 77.473 45.689 52,H9 42 53 136,902 666,383 5.54I.49S 11. 1 84,142 51,330 134.564 947, 41.057 573.576 529,481 44.095 66,674 124.934 83.734 30,345 43.S50 385.743 256, 875 104.890 38,767 43.617 i*98,„, 67L495 5.930,530 85,221 65,184 145.361 47.557 40 54 589,626 544.899 64.727 146,596 70,748 11.9 143.189 130,051 31,541 60,636 465.563 ^99—_| 6,412, 831 95,000 46,372 59.209 761,135 6, 270,709 99.663 83.325 148,329 44.919 40 54 624,246 588.546 35.7QO 172.639 81,000 12.0 156,483 79,733 39.401 50,157 493.430 316 162,332 126,073 55.10I 66,294 756.463 6,391.925 96,960 226.838 6,595. 593.657 45.161 40 49 626,318 579,548 47.77o 178,915 112,549 12.0 135.284 176,931 99.850 41.576 59.235 200 i67,595 64,658 43.313 *9oi-— 854,902 6,583,309 103,351 278,519 6, 798. 145.293 451.443 46.401 40 59 658,083 630,183 27.899 224,719 139,030 12.7 149,785 160,851 115.146 28,696 58,760 168 176,119 149.438 67,788 46.272 1902 6.885,885 99,218 213.191 7.134, 531.742 51.025 40 66 669,582 642,188 37.394 237.581 879»769 131,864 12.5 132,613 173.424 133.807 33*393 57.001 808 201,200 68,517 5L479 1903. 270,831 7.5*o, 202,424 a S3.630 41 63 706,978 686,588 20,390 233.062 919.650 7.329.078 172,689 12.3 152,478 102,358 148,815 39.5 6 70,052 493.971 123 61.075 51.565 168,938 288.307 8,018 187.239 201,576 548.495 36,301 ^04 J 41 69 710,197 687,143 23.054 924,888 7,762,828 189,851 11.6 107,443 150.327 63,165 63.897 236,74s 156.784 575 76,341 54.3i8 156,256 315.574 8,511 228,001 243.683 561,52s 59.357 41 83 731.297 708.897 22,400 257,068 965,965 8,244,460 228,874 11.4 178,920 108,627 156.967 152.915 67.054 73.057 334 109.559 89,716 48,568 *9o6 151.366 328,787 9,013 335.S12 683,903 62,550 41 104 768,514 738,289 30,225 247.836 986,125 8,591.531 234,521 11. o 182,953 193,821 154.706 43.130 68,723 Sio 170,621 295,980 85.854 57.525 140,496 344.752 9.189. 41 116 785.214 761,714 23.500 311.205 ,072,919 8,832,288 278,596 11.9 222,998

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~~TABLE No. 19.—INDIVIDUAL STATEMENTS OF THE MORTGAGE BANKS AT THE CLOSE OF 1007~~

~~[In thousands of marks.]~~

Paid-in Communal Ratio of Number and branch I paid-in Subscribed Paid-in Unpaid capital Mortgage Accept Amount of Number Drbit ac* Dividend*. Name of bank. of Surplus. railway capital and Deposits. Credit ac Free Communal Bill* fjift* branches. capital. capital. capital. and bonds. ances. counts. covering of covering Securities. Own Loan* nn count* surplus. mortgage surplus to mortgages. mortgages. I mortgages, loans. counted. txmds. Coltalcral. (over- bonds. bonds. interest j hAtikt draft*). Amount.

Per cent* ABgemeine Deutsche Kredit-Anstalt, Leipzig 90,000 90,000 37,947 127,947 .818 998.2 76,609 52,907 95.72r IS.303 139 to* 13.733 60,410 33,437 8. too 45.222 133 347.447 Baynsche Hypotheken- und Wechsel-Bank, Munchen 54,286 54,286 99,508 957 , 106 10. 4 8,998 6,814 52.856 965.563 66,677 13,335 13,Ml 4.3X4 38.43» 9.857 8.034 3,800 83,134 7*os7 Preussische Hypotheken-Aktien-Bank, Berlin _ So,599 50,599 19.978 7o,577 283,, 629 24.9 397 3.735 305,793 3.584 32,169 1.933 1.J16 S.404 3»3 6, 413 7.07* S47 1.7*9 3,783 Baynsche Vereinsbank, Munchen __ 45.000 37,500 16,305 53,805 361 ,452 3.385 14. 7 7.439 23,631 30,436 367.393 8,373 387 4.609 4.974 3.959 13.3i8 14,300 8t6 73,077 3.375 Preussische Zentral-Bodenkredit-Akt.-Ges. Berlin 39. 600 39,600 10,243 49.843 644 ,507 107,976 6.6 2,079 673,966 8,406 16,044 7.391 lit.173 4.5*3 1.S87 1.635 3,8*3 8,760 1.679 696 J. S64 Baynsche Handelsbank, Munchen..______. 33.964 33.964 11,026 44,990 252 1 207 3»Soo 17.6 I5.38I 12,514 254,827 3.335 4.040 SU 3,019 14.173 9,913 4.7*7 614 69,5*6 3.734 Preussische Boden-Kredit-Aktienbank, Berlin _ 30,000 30,000 9.457 39.459 343 145 «-5 4.439 359.135 3.354 13.669 1.360 544 3,368 4.696 68$ 3.904 3.05S •« »50 Hypothekenbank in Hamburg _ _ 16,655 46,655 462 ,068 30, 000 30,000 10.1 8,887 483.72s 5.558 13.734 5.1*9 894 377 8,408 660 7,7U 9.700 7, 202 31, 202 435 998 Sfiddeutsche Boden-Kreditbank, Munchen..... 27,000 24,000 7.2 553 5.331 450,303 30,109 t,4S3 3.496 $71 7.6ot 4.370 860 S.9*9 I.910 ,663 12,360 Schlesische Boden-Kredit-Aktien-Bank, Breslau 25,800 25,800 12,140 37.940 375. 9-8 4.858 393,864 5.383 3.337 16,337 4.17a 863 1.986 10,868 1.130 376 3.093 *. O64 180 Deutsche Hypotheken-Bank, Meiningen 25,5°o 25.500 9,218 34,7t8 464, 7-5 5.647 480,983 11,691 3.488 6,609 1,005 1.379 $.481 1.479 3.031 3, 140 1.76s Wurttembergische Vereinsbank, Stuttgart.__ _ - 24,000 24,000 8,852 33,852 31. 9S6 I02. I 30,495 11.553 33,113 633 469 1.573 13.SS5 3.699 7.3*0 57,503 1,680 Berliner Hypotheken-Bank, Berlin _ 22,700 22, 7OO 4,605 37.305 I43r 339 19*0 8,593 154,409 901 17.475 788 406 378 3. 301 6 »,S67 1.083 Rheinische Hypotheken-Bank, Mannheim. _ _ 20,zoo 20,IOO 13.983 34.083 436, 681 7,200 14.o 6,323 449,803 8,336 3.236 8,746 5. *3$ 3,794 3,335 3,886 l.ott 9,9*5 1.809 Hypothekenbank in Frankfurt a. M 20,000 20,000 15.178 35.178 425, 556 4,314 8.3 467 4,396 44S.OI9 9.571 to,016 3,688 1, «33 S.790 3.$50 1.198 1,117 1,138 1,800 Rheinisch-Westfalische Bodenkredit-Bank, Coin 20,000 14,000 3.259 17.359 202, 548 8.5 274 ,361 206,872 3.578 4.993 t.87t 603 1,334 3,037 l.ott 6,106 1,130 Preussische Pfandbriefbank Berlin __- 18,000 18,000 6,091 24,091 268, 489 41.647 7-8 L378 .748 273.623 3.58t 3.572 3.916 3.003 3.675 1.173 3.364 13.3*9 1.350 S08 Vereinsbank, Nurnberg ___ 18,000 15,000 3, 000 9.404 24,404 273. 156 8.9 825 ,337 374,86S S.ooi 3.104 &o 7.416 10,083 545 384 10,346 1.50O 3*560 3.677 508 313 Pfclzische Hypotheken-Bank, Ludwigshafen __ 17, 000 17,000 8,489 25,489 357. 056 1,144 7. 1 ,962 370,093 7.334 3.393 1.37S 979 749 7.691 i.$3o 3,153 1,006 3.899 t,889 Deutsche Hypotheken-Bank, Berlin - 15,000 15.000 4, 208 19,208 199. 629 9,545 9.3 ,879 305,905 2,864 4.783 I0.S24 1, 104 3.35* l,t*S 6,099 417 3.838 1.419 3.03S t,348 t. 393 1.703 1. 300 Hypotheken-Kredit-Verein, Frankfurt a. M _ __ _ 15,000 Full. 5.035 20,035 291, 047 7.0 , 396 303,493 *. 536 ,886 260,448 3, 191 3.36t 1.796 481 146 3.o86 37 J 66, 43J 1,300 Deutsche Grundkredit-Bank, Gotha - - 15,000 6,028 21,028 245. 941 8.5 57 ,874 1.963 19 638 3.9*0 1,076 4,370 34.3J7 780 Anhalt-Dessauische Landesbank, Dessau 12,OOO 2,025 14.025 34,605.3 8.939 850 .172 173.556 4.O40 ,983 538 1.613 1.039 3l6 113 8*5 Wurttembergische Hypotheken-Bank, Stuttgart _ II, OOO 3.895 14.895 160, 93 759 ,406 3,831 3S6 .8:8 959 1,035 3.63 i 3,338 177 606 76| Braunschweig-Hannoversche Hypotheken-Bank, Braunschweig - IO,200 4.145 14.345 169, 8.4 175.954 12,921 395 ,803 147.192 3,334 3.OSS .39a 304 910 3,309 136 476 7S0 IO,OOO 2,921 140, 9.1 kipziger Hypotheken-Bank, Leipzig _ - ;,3$a 367 .382 9l8 3.375 89 1.163 6tS 4.345 700 10,000 n.939 129, 9-2 133.592 SachsischeBodenkredit-Anstalt, Dresden..., 1.939 .638 13.063 3S7 , 233 154, U9 4.940 11.563 1.545 5.803 3,337 1.336 116 1,341 864 •-G. fttrBoden- und Kommunal-Kredit in Elsass-Lothringen, Strassburg. 9, 600 3.463 148, 10.856 8.3 2,215 9.227 098 26,198 ,446 64,164 5.835 2.63S 37.884 t.154 388 98 1S» 368 3to 3,789 315 9,000 227 63, ^3-3 Hessische Landes-Hypotheken-Bank A.-G., Darmstadt - — ,773 17.757 15 3,793 5.930 6,806 31.3&6 34.478 t,36o 13.794 105, 796 13.0 91.263 125.597 3,479 Mecklenburgische Hypotheken- und Wecbsel-Bank, Schwerin 9, 000 4.794 4JO 860 9,157 143 ,306 93.533 37 40 1,394 398 1.001 49 1,369 westdeutscheBodenkredit-Anstalt, Coin 8, 000 I. 157 93, 9.8 98 601 946 886 664 33.436 930 205 45 607 609 375 7,737 40 i8,530 13. 1 67 42,709 «>tteldeutscheBodenkredit-AnstaltinGreiz.._ 7i50o 237 36S 413 590 ,149 948 1,297 776 843 835 739 8,707 70 12.3 137 75.741 «orddeutscheGrundkredit-Bank, Weimar - 7,50o 1,207 46 378 7.772 647 ,797 141,477 3,387 6,785 r.9i8 84 5*S 7.500 272 137. 57 «yrischeBodenkredit.Anstalt,Wurzburg.__ - 613 878 3*3 418 lot too 188 1.7»9 151 2,916 055 6.5 45.843 5, 000 2,750 2, 250 166 4S. Schwarzburgische Hypotheken-Bank, Sondershausen_ 652 440 1.386 153 1,465 461 97 369 319 794 16S 3.563 40, 534 8.6 41.773 he Bodenkredit-Bank, Hildesheim - 4, 000 3,000 1,000 56a 624 19.735 5 633 B$8 113 2,802 18,107 15.5 3, 000 2,250 553 96 100 ilstandische Bank des Konigreichs Sachsen, Leipzig 750 465 5.068 109 502 16S 673 1.787 2,380 4.610 St. 6 386 873 I^dwirtschafUiche K"^*""* « Frankfurt a. M -- 2,000 Full. 380 923 70 595 334 90 3,244 13.400 3.624 19.052 .733 1, 600 644 16.7 30 ^-Hypotheken-Bank, Lorrach _ ,362 12,656 2,155 8 3 2,871 30.0 *S9 1,165 1,706 574 80 1.158 13 7* ! 'Urg-StreKtzer Hypotheken-Bank in Neustrelitz- 98S 76 5,4i6 969 569 63 56i 21. 6 GrundkreditbankinKSnigsb erg i. Pr. 600 388 r,95° 193.831 154.706 68,723 683.903 63,550 I 9,189.810 325.793 170,631 395.980 85.854 57.535 8.832.288 278.596 II.9 232,998 140,496 344.752 4i banks. n6 785»3M 761,714 311.205 1,072,919 I

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~~TABLE No. 20.—CONSOLIDATED STATEMENT OF THE LAND CREDIT INSTITUTIONS IN PRUSSIA, 1888-1007. [In thousands of marks.]~~

~~Number of mem Close of the bers oc Capital or estates to Mortgage working Safety Amortlta- year— bonds. fund. tlon fund. i which funds. loans were made.~~

1888 14 38,164 1,836,178 37,980 26,531 87,743 1889 14 41,419 1,912,933 40,114 23,483 88,661 1890 14 43,643 1,992,790 41,903 23,240 95,454 1891 14 45,687 2,034,150 42,704 24,229 104,219 1892 14 47,853 2,077,812 44,814 25,399 112,150 1893 14 50,067 2,115/008 45,633 26,553 120,522 1894 14 52,637 2,152,019 46,909 27,450 124,936 1895 14 55,257 2,220,704 48,340 28,062 127,320 1896 14 58,160 2,269,707 49,782 29,558 117,043 1897 14 61,990 2,366,906 52,248 29,173 125,192 1898 14 65,038 2,417,061 51,524 30,559 126,694 1899 14 67,641 2,457,540 50,080 32,442 133,429 1900 14 69,180 2,484,848 49,124 34,892 133,517 1901 14 70,736 2,518,920 51,174 37,029 141,280 1 1902 14 72,935 2,585,033 53,541 39,057 146,286 j 1903 V. 14 75,588 2,677,132 55,940 40,627 152,492 1904 14 78,527 2,765,593 58,188 42,166 161,022 1905 14 80,877 2,825,021 60,191 43,574 171,939 1906 14 82,522 2,878,721 62,364 44,727 182,924 1907 14 84,256 2,921,895 63,634 45,562 192,059

~~72138—10 15~~

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~~TABLE No. 21.—INDIVIDUAL STATEMENTS OF THE LAND CREDIT INSTITUTIONS IN PRUSSIA AT THE CLOSE OP 1907.~~

~~[In thousands of marks.]~~

~~Number ofestates or proper Mortgage Name of Institution. ties on Capital. Safety Amortiza which bonds. fund. tion fund. loans were made.~~

Schlesische Landschaft, Breslau 16,302 598,137 15,446 9,631 39,807 Kur- und Neumarkisches Ritterschaftliches Krediklnstitut, Berlin , 944 191,463 7,173 18,877. Neues Brandenburgisehes Kredit-Institut, Berlin , 10,071 141,475 65 | 694 9,908 Pommersche Landschaft, Stettin 1,431 252,929 11,959 17,688 Neue Pommersche Landschaft fur den Kleingrundbesitz, Stettin 1,292 27,306 754 672 Westpreussische Landschaft Marienwerder 719 126,800 9,381 2,508 6,695 Neue Westpreussische Landschaft Marienwerder 8,833 172,413 7,310 4,327 6,075 Ostpreussische Landschaft Konigsberg 15,223 421,457 9,646 12,608 Posener Landschaft Posen 7,553 286,775 23,726 25,284 Landschaft der Provinz Sachsen, Halle 2,513 158,151 1,597 2,331 15,026 Kredit-InstitutftirdieKgl. Preusslsche Ober- und Niederlausitz, Gorlitz 3 330 93 187 Zentral-Landschaft fur die Preussischen Staaten, Berlin 12,982 430,797 135 32,613 Landschaft der Provinz Westfalen, Munster 4,034 72,706 255 1,404 5,307 Landschaftlicher Kreditverband fiir die Provinz Schleswig-Hol- stein.Kiel 2,268 41,156 474

~~Summe 84,168 2,921,895 63,534 45,562~~

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY.~~

~~TABLE No. 22.-DEPOSITS IN GERMAN SAVINGS BANKS, 1875-1007. [Expressed in millions of marks ]~~

~~German Empire. Year. Prussia. Bavaria. Saxony. Wurttora-I berg, Per capita Amount. (marks).~~

1875.. 1,112.1 75.6 261.6 50.1 1,869.2 44.0 1876.. 1,222.5 79.5 282.4 54.0 2,044.1 47.5 1877.. 1,301,4 81.1 293.9 59.0 2,168.5 49.7 1878.. 1,385.4 81.5 305.8 62.6 2,293.8 52.0 1879.. 1,478.4 83.5 318.3 60.5 2,431.8 54.5 1880.. 1,594.6 89.3 838.8 08.7 2,613.8 58.0 1881.. 1,710.1 98.4 349.1 71.4 2,789.3 63.6 1882.. 1,821.2 106.8 302.3 75.2 2,965.9 64.9 1883.. 1,970.2 114.2 380.7 78.2 3,187.5 69.3 1884.. 2,114.9 122.0 407.6 84.8 3,418.5 73.8 1885.. 2,263.2 130.9 434.0 91.6 3,060-9 78.2 1886.. 2,470.4 141.1 402.9 98.0 3,945.4 83.7 1887.. 2,672.6 149.6 491.1 105.7 4,238 1 69.0 1888.. 2,889.3 159.7 523.1 111.3 4,550.3 94.5 3,101.7 172.4 554.9 120.2 4,808.7 99.9 1890.. 3,281.6 184.1 581.7 128 2 5,137.3 104.3 1891.. 3,406.6 193.1 602.6 137.0 5,345,4 107.4 3,551.7 203.9 629.3 146.3 5,591.3 111.2 3,750.2 216.3 658.6 158.0 5,897.7 116.2 1894.. 4,000.7 230.6 690 2 107.2 6,270.3 122.1 1895.. 4,345 5 253.9 741.9 181.2 6,795.0 130.7 1896 . 4,655.6 270 0 793.2 190.2 7,253.2 137.5 1897.. 4,968.1 283.9 836.1 200.7 7,712.8 144.0 5,287.2 296.0 878.1 211.8 8,169.5 150.2 5,577.0 308.9 909.4 224.5 8,573.4 155.2 8,833.0 1900.. 5,745.8 319.7 925.3 239.6 157.6 9,565.5 1901.. 6,236.5 341.2 997.8 262.2 168.3 10,329.1 1902., 6,727.7 372.5 1,083.6 288.7 178.8 11,103.6 1903.. 7,229.9 409.2 1,17a 4 320.1 189.5 11,916.3 1904.. 7,761.9 444.5 1,254.7 353.4 200.4 12,697.6 1905.. 8,294.4 474.6 1,331.6 374.1 210.5 8,788.4 502.2 1,411.1 395.4 13,391.2 218.9 1906.. 13,889.1 1907.. 9,129.2 517.8 1,472.0 413.0 223.7

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NATIONAL MONETARY COMMISSION.~~

~~TABLE No. 23.—ANNUAL INCREASE IN SAVINGS-BANK DEPOSITS IN GERMANY, 1870-1907. [Yearly increase (in millions of marks).]~~

~~Prussia. Bavaria. Saxony. Wurttemberg. German Empire. Year. Amount. Rate. Amount. Rate. Amount. Rate. Amount. Rate. Amount. Rate.~~

Maries. Per ceiU. Marks. Per cent. Marks. Per cent. Marks. Per cent. Marks. Per cent. 1876.. 110.4 9.9 3.9 5.2 20.8 8.0 4.5 9.0 174.9 9.4- 1877.. 78.9 6.5 1.6 2.0 11.5 4.1 4.4 8.1 124.4 6.1 1878.. 84.0 6.5 .4 .5 11.9 4.0 3.6 6.1 125.3 5.8 1879.. 93.0 6.7 2.0 2.5 12.5 4.1 3.9 6.2- 138.0 6.0 1880.. 116.2 7.9 5.8 6.9 20.5 6.4 2.2 3.3 182.0 7.5 1881.. 115.5 7.2 9.1 10.2 10.3 3.0 2.7 3.9 175.5 6.7 1882.. 111.1 6.5 8.4 8.5 13.2 3.8 3.8 5.3 176.6 6.3 1883.. 149.0 8.2 7.4 6.9 * 18.4 5.1 3.0 . 4.0 221.6 7.5 1884.. 144.7 7.3 7.8 6.8 26.9 7.1 6.6 8.4 231.0 7.2 1885.. 148.3 7.0 S.9 7.3 26.4 6.5 6.8 8.0 232.4 6.8 1886.. 207.2 9.2 10.2 7.8 28.9 6.7 6.4 7.0 294.5 8.1 1887.. 202.2 8.2 8.5 6.0 28.2 6.1 7.7 7.9 292.7 7.4 1888.. 216.7 8.1 10.1 6.8 32.0 6.5 5.6 5.3 312.2 7.4 1889.. 212.4 7.4 12.7 8.0 31.8 6.1 8.9 8.0 318.4 7.0 1890-. 179.9 5.8 11.7 6.8 26.8 4.8 8.0 6.7 268.6 5.5 1891.. 125.0 3.8 9.0 4.9 20.9 3.6 8.8 6.9 208.1 4.1 1892.. 145.1 4.3 10.8 .5.6 26.7 4.4 9.3 6.8 245.9 4.6 1893.. 198.5 5.6 12.4 6.1 29.3 4.7 11.7 8.0 306.4 5.5 1894.. 250.5 6.7 14.3 6.6 31.6 4.8 9.2 5.8 372.6 6.3 1895.. 344.8 8.6 23.3 10.1 51.7 7.5 14.0 8.4 524.7 8.4 1896.. 3*0.1 7.1 16.1 6.3 51.3 6.9 9.0 5.0 458.2 6.7 1897.. 312.5 6.7 13.9 5.1 42.9 5.4 10.5 5.5 459.6 6.3 1898.. 319.1 6.4 12.1* 4.3 42.0 5.0 11.1 5.5 456.7 5.9 1899.. 289.8 5.5 12.9 4.4 31.3 3.6 12.7 6.0 403.9 4.9 1900.. 168.8 3.0 10.8 3.5 15.9 1.7 15.1 6.7 259.6 3.0 1901.. 490.7 8.5 21.5 6.7 72.5 7.8 22.6 9.4 732.5 8.3 1902.. 491.2 7.9 31.3 9.2 85.8 8.6 26.5 10.1 763.6 8.0 1903.. 502.2 7.5 36.7 9.9 86.8 8.0 31.4 10.9 779.5 7.5 1904.. 532.0 7.4 35.3 8.6 84.3 7.2 33.3 10/4 807.7 8.3 1905.. 532.5 6.9 30.1 6.8 76.9 6.1 20.7 5-9 781.3 6.6 1906.. 494.0 6.0 27.6 5.8 79.5 6.0 21.3 5.7 693.6 5.5 1907.. 332.9 3.8 15.6 ' 3.1 60.9 4.3 18.2 4.6 497.9 3.7

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. 231 TABLE No. 24.—NUMBER OF SAVINGS BANKS IN PRUSSIA, 1870-1900.~~

~~Branches Collection i Agencies Year* Savings or or ! for tho salo banks. subsidiary deposit of savings offices. agencies. stamps.~~

1870 932 1871 945 1872 950 1873 963 1874 983 1875 1,004 1876 1,020 1877 1,080 183 200 1878 1,157 334 400 1879 1,174 328 526 1880 1,190 304 447 1881 1,203 273 571 1882 1,234 325 C31 1883 1,268 344 772 ) 1884 1,285 443 835 1885 1,318 476 1,009 1,334 499 1,184 1,340 490 1,301 18SS 1,363 488 1,402 1,378 492 1,540 1,393 526 1,621 1891 1,412 507 1,702 1,445 510 1,740 1,471 517 1,821 1894 1,483 515 1,839 2,676 1895 1,493 629 1,919 2,983 1,513 656 2,026 2,799 1897 1,640 543 2,108 2,986 1898 1,562 529 2,188 2,917 1899 1,573 530 2,268 2,908 1900 1,490 657 2,271 2,703 1901 1,608 576 2,347 2,586 1902 1,607 605 2,378 2,125 1903 1,549 650 2,468 .2,021 1,664 646 2,556 2,004 1905 1,683 670 2,711 2,222 1,606 2,185 1906 693 2,814

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NATIONAL MONETARY COMMISSION. TABUS No. 25.—NUMBER AND SIZE OF SAVINGS-BANK ACCOUNTS IN PRUSSIA, 1870-1906.~~

~~Deposit accounts at the close of the year.~~

Year. Over 60 and Over 160 and Over 300 and Over 600 and Over 3,000 Up to 60 up to 300 up to 600 up to 3,000 and up to Over 10,000 Total. marks. up to 150 10,000 marks. marks. marks. marks. marks. marks.

1870.. 430,870 305,149 249,197 213,956 1,391,970 1871.. 459,914 333,506 275,249 243,688 1,551,539 1872.. 481,108 364,022 310,590 275,990 1,706,111 1873.. 509,459 393,092 348,009 320,411 1,907,914 1874.. 524,986 424,638 375,948 351,551 2,061,199 1875.. 530,231 447,997 398,220 388,694 2,209,101 1876.. 568,304 469,733 428,623 417,376 2,371,632 1877.. 642,959 465,101 446,684 420,963 2,500,528 1878.. 649,320 516,014 453,700 427,674 2,661,382 1879.. 681,211 534,927 471,465 448,398 2,760,302 1880.. 725,477 559,710 491,801 468,794 2,936,055 1881.. 772,336 583,584 511,948 489,457 3,091,584 1882.. 896,174 605,120 541,370 530,843 3,363,518 1883.. 1,023,160 646,233 575,469 570,214 3,650,613 1884.. 1,120,725 701,091 605,498 596,945 3,925,807 1885., 1,214,147 747,923 641,433 640,031 4,209,453 1886.. 1,280,328 781,649 675,233 682,503 4,467,078 1887., 1,359,613 820,353 710,805 724,738 4,742,009 1888.. 1,434,659 853,425 752,801 769,695 5,029,174 1889.. 1,513,283 887,194 779,082 825,656 5,312,192 1890.. 1,609,881 922,773 811,866 864,906 5,592,662 1891.. 1,680,839 940,157 824,018 889,663 5,772,956 1892.. 1,755,635 965,225 850,403 921,478 5,974,782 1,832,245 1,008,273 885,344 960,802 6,255,507 1894.. 1,893,166 1,041,126 916,793 1,000,736 1,415,406 199,342 67,633 6,527,337 1895.. 1,972,134 1,085,314 960,468 1,045,751 1,518,564 221,293 61,572 6,869,548 1896.. 2,067,980 1/138,166 1,010,019 1,106,140 1,621,201 245,894 56,048 7,261,363 1897.. 2,164,621 1,188,727 1,059,215 1,168,050 1,722,599 263,761 50,475 7,643,840 1898.. 2,269,496 1,245,472 1,106,545 1,226,990 1,840,236 280,357 45,394 8,049,599 1899.. 2,371,088 1,300,544 1,160,392 1,293,865 1,946,953 293,305 40,033 8,449,447 1900. 2,421,575 1,324,167 1,188,425 1,331,763 2,023,871 302,086 36,072 8,670,709 1901. 2,514,818 1,353,054 1,209,785 1,373,151 2,165,230 334,859 35,571 9,034,937 1902. 2,624,046 1,377,146 1,239,027 1,417,438 2,299,931 369,948 33,490 9,372,930 9,773,103 1903. 2,727,580 1,426,354 1,274,412 1,464,482 2,421,977 407,823 31,661 10,211,976 1904. 2,825,374 1,480,409 1,317,262 1,527,708 2,560,871 444,304 29,684 10,642,961 1905., 2,942,581 1,522; 945 1,359,726 1,576,308 2,695,040 484,789 27,634 11,095,276 1906. 3,068,076 1,574,139 1,408,574 1,636,483 2,821,092 519,279 25,641

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. 233~~

~~TABLE No. 20.—AMOUNT OF DEPOSITS IN PRUSSIAN SAVINGS BANKS AT THE CLOSE OP YEAR. 1870-1906.~~

~~Per Amount of Amount of Per Year. deposits. sayings Year. savings account. deposits. account~~

Marks. Marks. Marks. Marks. 1870 495,650,505 356.08 1889 3,101,746,304 583.89 1871 578,671,782 372.97 1890 J 3,281,571,003 686.76 1872 688,976,436 403.83 1891A 3,406,545,646 590.09 1873 836,154,201 438.26 1892 3,551,705,144 594.45 1874 967,237,180 478.96 1893 3,750,251,523 599.51 1875 1,112,077,407 503.41 j 1894 4,000,671,651 612.91 1876 1,221,320,415 514.97 1895 : 4,340,153,526 631.80 1877 1,300,078,513 £19.92 ' 1896 4,655,622,411 641.15 1878 1,383,897,126 519.99 1897 4,968,109,060 649.95 1879 1,476,811,952 635.02 1898 5,287,235,057 656.83 1880 1,592,868,290* 542.52 1899 5,577,020,151 660.05 1881 1,707,459,064 552.29 5,745,794,974 662.67 1882 1,817,659,609 540.37 1901 *. 6,236,458,932 690.26 1883 1,965,722,265 538.46 6,727,707,643 717.78 1884 2,109,343,655 537.30 7,229,944,620 739.78 1885 2,260,933,912 537.11 7,761,933,248 760.08 1886 2,467,600,257 552.40 , 8,294,438,260 779.34 8,788,390,205 1887 2,672,597,422 563.60 792.08 1888 2,889,268,343 574.50 ;

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 234 NATIONAL MONETARY COMMISSION.~~

~~TABLE No. 27.—INVESTMENTS OF THE PRUSSIAN SAVINGS BANKS, 1870-1906.~~

Mortgages on- Securities Issued to bearer at quota tions railing at the Certificates of in- Loans to public in- close of year or at debtedness Bills. Loans on pledges. stituttons and purchase price in (Schuldscheine). Total assets Kural property. corporations. Year. Urban property. case the latter was in marks. lower.

~~Per Per Per Per Per Marks. Per Marks. Marks. Marks. Marks. Marks. Marks. Per cent. cent. cent. cent. cent. cent. CfiLU~~

1870.. 507,465,642 131,525,307 25.92 144,411,180 28.46 97,908,540 19.29 67,907,727 13.38 18,132,663 3.57 47,580,225 9.38 1871.. 589,765,254 150,275,724 25.48 162,390,249 27.53 121,051,395 20.53 78,983,799 13.39 20,710,092 3.51 56,353,095 9.50 1872.. 699,151,467 171,216,891 24.49 190,487,265 27.25 151,490,373 21.67 94,139,862 13.46 28,807,083 4.12 63,009,993 9.01

1873.. 846,484,599 209,775,999 24.78 219,582] 25.94 195,695,814 23.12 108,047,844 12.76 40,130,487 4.74 73,252,071 a 65 1874.. 1,002,308,922 259,382,205 25.88 261,193, 26.06 240,301,497 23.97 114,474,381 11.42 40,743,009 4.06 86,214,438 a co 1875.. 1,129,958,139 309,041,584 27.35 290,796,491 25.74 '266,081,916 23.55 127,486,841 11.28 42,692,923 3.78 93,858,384 a 50 1876.. 1,246,131,669 347,586,722 27.89 743 26.33 288,470,971 23.15 135,473,068 10.87 45,154,386 3.62 101,306,778 8.13 1877.. 1,332,239,719 381,940,285 28.67 637 27.00 295,060,904 22.15 144,639,181 10.86 45,142,629 3.39 105,971,093 7,94 1878.. 1,419,175,658 415,595,045 29.28 384,415; 586 27.09 310,468,496 21.88 153,090,098 10.79 48,194,789 &40 107,208,838 7.55 1879.. 1,516,632,415 438,261,247 28.90 416,566, 137 27.47 345,846,674 22.80 156,342,603 10.31 48,278,556 3.18 111,337,197 7.34 1880.. 1,640,419,037 .465,613,433 28.38 450,351 810 27.45 399,021,733 24.32 163,297,017 9.95 45,023,566 2.75 117,111,478 7.14 1881., 1,754,049,325 490,259,910 27.95 490,754, 149 27.98 433,595,901 24.72 171,005,481 9.75 46,181,456 2.63 122,252,428 6.97 1882.. 1,880,266,224 515,447,531 27.41 527,052, 035 28.03 475,404,173 25.28 134,849,660 7.17 48,945,525 2.60 48,423,929 2.58 127,349,371 6.77 135,345,618 1883., 2,045,502,719 545,120,449 26.65 573,223, 28.02 647,808,820 26.78 138,937,731 6.79 50,772,181 2.48 49,911,284 2.44 6.62 146,873,961 1884., 2,215,783,199 587,715,702 26.52 612,495, 27.64 623,062,287 28.12 138,436,709 6.25 50,454,421 2.28 51,552,221 2.33 6,63 158,804,976 6.69 1885. 2,373,845,962 630,941,401 26.58 651,312, 27.44 683,228,316 28.78 141,086,012 5.94 50,776,395 2.13 52,258,210 2.20 175,933,488 6.84 1886. 2,573,591,564 668,545,275 25.98 692,879, 26.92 786,618,352 30.57 140,966,827 5L48 51,534,349 2.00 50,810,312 1.97 184,114,686 6.61 1887. 2,787,071,546 724,701,538 26.00 741,121 26.59 891,387,785 31.98 137,636,755 4.94 49,467,225 1.77 51,253,151 1.84 196,856,567 &52 1888. 3,018,736,652 791,510,343 26.22 784,132, 25.98 1,004,141,732 33.26 138,314,754 4.58 44,420,676 1.47 51,116,311 1.69 213,776,087 6.59 1889. 3,245,039,567 864,419,357 26.64 837,572, 25.81 1,076,563,742 33.18 141,265,638 4.35 48,086,116 1.48 54,328,956 1.67 233,264,661 6.83 1890. 3,417,341,888 957,502,390 28.02 895,091, 26.19 1,071,513,060 31.36 144,353,429 4.22 49,642,407 1.45 56,849,949 1.66 250,046,638 7.04 1891. 3,552,753,017 1,034,524,353 29.12 951,493, 26.78 1,053,878,949 29.66 147,678,857 4.16 52,438,225 1.48 53,675,354 1.51 3,719,195,376 29.71 55,138,347 1.48 272,712,903 7.33 1892. 1,104,836,229 994,650, 26.74 1,076,568,450 28.95 153,373,705 4.12 52,391,973 1.41 3,934,383,530 29.64 57,469,725 1.46 296,804, U2 7.54 1893. 1,166,334,926 1,048,776, 26.66 1,138,028,196 28.93 158,565,717 4.03 58,058,032 1.48 325,052,438 7.78 1894. 4,179,019,782 1,234,678,316 29.54 58,990,192 1.41 1,109,437, 26.55 1,211,817,945 29.00 155,900,580 3.73 58,897,823 1.41 377,411,784 1895. 4,557,211,095 28.51 70,140,862 1.54 8.28 1,299,454,753 1,174,540, 25.77 1,379,760,117 30.28 160,838,019 3.53 65,294,789 1.43 392,307,339 1896., 4,883,785,067 29.36 69,073,244' 1.41 a to 1,433,799,171 1,241,402, 25.42 1,486,698,853 30.44 160,254,068 3.28 68,867,337 1.41 439,006,034 1897. 5,211,960,315 30.10 69,889,725 1.34 8.42 1,568,918,316 1,324,460, 25.41 1,533,766,231 29.43 164,971,302 3.17 77,043,552 1.48 476,621,926 1898.. 5,545,755,848 31.04 79,478,617 1.43 &59 1,721,283,360 1,413,475, 25.49 1,556,369,288 28.06 174,859,207 3.15 84,062,390 1.52 520,029,296 1899., 5,800,498,760 32.05 76,986,274 1.39 9.94 1,859,217,515 1,489,073, 25.67 1,547,571,245 26.68 176,239,733 3.04 94,293,565 1.63 576,605,922 1900., 5,975,047,105 33.48 80,628,403 1.35 9.65 2,000,197,888 1,486,731, 24.88 1,553,706,098 26.03 150,462,608 2.52 86,322,785 1.44 650,080,732 1901., 6,523,540,231 34.02 92,306,202 1.41 8.97 2,219,303,277 1,545,282, 23.69 1,724,071,470 26.43 155,772,738 2.39 88,990,013 1.36 705,490,985 7,038,284,508 34.72 88,896,680 1.26 iac2 1902., 2,442,795,697 1,620, 23.03 1,901,750,261 27.02 156,549,123 2.22 67,689,017 .96 741,137,781 9.79 1903., 7,572,405,904 35.41 90,321,759 1.19 2,681,523,481 1,700,530, 22.46 2,066,132,813 27.29 162,441,591 2.15 74,933,784 801,110,966 9.85 1904. 8,136,234,984 36.24 95,355,687 1.17 2,948,701,871 1,791,675, 22.02 2,188,973,352 26.90 164,029,445 2.02 79,604,624 892,353,668 8,693,826,781 37.01 91,870,871 1.06 ia» 1905. 3,217,229,268 1,882,558, 21.65 2,284,087,502 26.27 165,486,529 1.90 84,587,093 .97 989,948,238 10.78 1906. 9,180,826,684 37.97 94,984,772 1.03 3,486,395,932 1,966,592J 21.42 2,313,333,773 25.20 168,737,652 1.84 76,211,429 .83

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. 235 TABLE No. 28.—NUMBER OF MUNICIPAL SAYINGS BANKS IN PRUSSIA, 1875-1906.~~

~~Branches Collection Agencies Year. Savings or subsid for the sale banks. iary or deposit ofsavings offices. agencies. stamps.~~

1875 484 1876 488 1877 603 80 1878 515 2 120 ' 1879 519 . 1 122 i 1880 527 1 89 1881 500 9S 1882 517 2 101 1883 630 3 118 1884 545 10 128 1885 559 16 177 1886 569 19 185 1887 - . 570 17 244 1888 581 17 234 1889 585 16 244 1890 . . 593 17 240 1891 596 16 247 1892 608 20 i 245 1893 615 24 264 1894 620 22 205 1,539 J 1895 628 24 207 1,549 | 1896 634 25 220 1,457 1897 642 25 229 1,427 1898 647 29 246 1,387 1899 666 32 275 1,441 1900...... 676 33 287 j 1,328 1901 686 40 290 1,250 1,173 1902 689 43 288 703 47 296 1,118 1,063 1904 717 52 292 724 72 274 1,105 732 78 306 1,042

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 236 NATIONAL MONETARY COMMISSION.~~

~~TABIDS No. 39.—NUMBER AND SIZE OF DEPOSIT ACCOUNTS IN PRUSSIAN MUNICIPAL SAVINGS BANKS, I875-I805~~

~~Deposit accounts at the close of the year.~~

Year. Over 300 Over 600 and Over 3,000 Up to 60 Over 60 Over 150 and up to Over 10,000 and up to and up to and up to up to 3,000 Total. marks. 600 marks. 10,000 marks. 150 marks. 300 marks. marks. marks.

1875 „ 1 1,367,828 1876 360,841 300,086 271,831 244,882 1,450,587 1877 ... 417,310 278,573 277,690 253,731 1,520,240 1878 407,704 321,842 282,061 257,530 1,589,352 1879 .. . ' 426,322 330,933 290,768 267,593 1,656,397 J 1880 452,328 344,353 302,983 279,377 1,744,011 1 1881 | 448,090 338,608 296,012 272,994 1,693,397 1882 536,799 347,175 315,010 301,499 1,861,013 1883 606,411 368,190 333,089 322,361 2,026,154 1884 657,621 408,008 349,323 331,964 2,175,635 1885 713,058 433,908 368,923 357,119 2,333,719 1886 753,175 454,475 390,965 381,887 2,487,421 1887.... 796,545 476,159 410,493 405,100 2,638,039 1888 842,242 492,350 436,881 430,881 2,804,456 1889 889,353 507,838 442,192 458,003 2,945,013 1890 ' 938,815 522,800 468,319 478,058 3,080,490 1891. 973,934 527,405 461,817 489,329 3,162,656 1892 1,016,559 541,470 474,169 501,844 3,275,654 1893 1,062,306 569,024 495,231 523,285 3,436,857 1894 1,109,124 597,251 515,756 553,393 752,956 81,650 9,059 3,619,189 1895 1,161,678 626,206 543,911 577,413 811,055 88,650 9,415 3,818,328 1896 1,220,289 654,521 572,115 614,225 867,850 102,692 10,441 4,042,133 1897 1,274,142 686,399 599,463 649,012 925,674 110,347 11,239 4,256,2*6 1898 1,336,950 716,710 625,877 679,724 992,007 119,683 11,389 4,482,340 1899 1,431,530 759,833 666,868 • 727,157 1,059,987 128,360 13,079 4,786,814 1900 1,498,729 787,155 689,743 757,809 1,120,547 136,435 13,816 5,004,234 ' 1901 ;... 1/558,977 808,527 707,713 790,492 1,207,348 154,402 15,177 5,244,636 814,277 1902 1,614,723 717,623 810,741 1,293,562 173,923 17,824 5j442,673 848,009 1903 1,675,482 740,732 842,642 1,361,834 194,130 19,895 5,682,724 882,774 1904 1,738,982 768;183 882,530 1,445,594 213,337 22,357 5,953,757 J 907,833 1905 1,809,676 794,360 911,657 1,517,143 234,046 24,624 6,199,339 937,227 1906 1,893,024 820,027 943,374 1,579,473 250,808 26,715 6,450,648

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~~TABLE No. 30.-AMOUNT OF DEPOSITS IN PRUSSIAN MUNICIPAL SAVINGS BANKS AT CLOSE OF YEAH, 187M90S.~~

~~Average Year. Total amount of deposit per deposits. savings account.~~

Marks, Marks. 1875.. 620,468,625 453.62 1876.. 675,257,810 465.51 1877.. • 716,825,527 471.52 1878.. 751,107,170 472.59 1879.. 800,696,516 483.40 1880.. 860,299,623 493.29 1881.. 808,051,875 477.18 1882.. 859,782,046 462.00 1883.. 929,947,602 ' 458.97 1884.. 999,115,432 459.23 1885.. 1,076,658,142 461.35 1886.. 1,181,816,646 475.12 1887.. 1,277,602,954 484.30 1,387,466,439 494.74 1,485,219,467 504.32 1890.. 1,571,009,470 509.99 1,624,453,398 513.64 1,693,331,301 516.94 1893. 1,789,518,211 520.68 1894. 1,917,361,278 629.78 1895.. 2,OS3,033,870 545.54 2,240,386,062 55426 1897., 2,396,085,022 562.95 1898.. 2,551,921,500 569.33 1899.. 2,742,800,676 572.99 1900.; 2,893,508,338 578.21 607.44 1901.. 3,185,797,370 630.85 1902.. 3,433,515,920 651.05 1903.. 3,099,763,368 669.17 1904.. 3,984,049,033 685.27 1905.. 4,248,215,994 69196 1906.. 4,482,948,581

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~~TABUS No. 31.—INVESTMENTS OF THE PRUSSIAN MUNICIPAL SAVINGS BANKS, 1875-1906.~~

Mortgages on- Securities issued to bearer at quota tions ruling at the Certificates of in Loaned to publie Year. Total assets. close of year or at debtedness Bills. Loans on pledges. institutions Md purchase price in (Schuldscheine). corporations.. Urban real property. Rural real property, case the latter was lower.

Per Per Per Per Per Per J>rr Marks. Marks. cent. Marks. cent. Marks. cent. Marks. cent. Marks. cent. Marks. cent. Marks. ttit. 1875... 635,498,124 1876... 694,338,044 248,633,729 35.81 137,665,135 19.83 170,332,810 24.53 48,889,792 7.04 25,250,808 3.64 63,565,770 IU 1877.. 740,194,091 274,717,378 37.11 145,787,827 19.70 170,680,255 23.06 52,751,110 7.13 25,300,553 3.42 67,509,070 9.U 1878.. 777,228,498 290,557,268 37.38 157,072,662 20.21 183,426,856 23.60 54,457,729 7.01 25,227,041 3.25 66,486,936 S.55 1879.. 827,725,128 307,171,559 37.11 167,716,269 20.26 205,834,292 24.87 55,854,266 6.75 24,408,471 2.95 66,740,273 a oe 1880.. 892,009,602 324,602,466 36.39 178,938,889 20.06 238,369,153 26.72 56,853,604 6.37 24,016,317 2.69 69,229,123 IH 1881.. 836,201,223 287,559,240 34.39 169,517,010 20.27 245,975,464 29.42 43,897,005 5.25 20,858,822 2.49 68,393,682 S.13 1882.. 897,403,630 306,603,348 34.17 180,790,471 20.15 267,992,592 29.86 33,959,753 3.78 17,648,862 1.97 22,302,993 2.48 68,105,611 7.3 1883.. 975,347,609 328,273,489 33.66 195,787,197 20.07 303,825,842 31.15 34,718,373 3.56 18,064,328 1.85 22,151,091 2.27 72,527,296 7.44 1884.. 1,061,482,534 349,015,225 32.88 210,132,399 19.79 347,036,358 32.69 34,509,392 3.25 17,156,901 1.62 24,160,124 2.28 79,472,135 7.41 1885.. 1,140,909,061 370,253,445 32.45 225,194,020 19.74 383,346,475 33.60 34,811,695 3.05 16,671,886 1.46 22,809,130 2.00 87,822,411 7.70 1886.. 1,242,944,542 391,932,417 31.53 239,103,609 19.24 441,334,771 35.51 35,652,608 2.87 17,323,586 1.39 22,768,201 1.83 94,829,350 7.63 1887.. 1,346,385,716 421,004,357 31.27 253,257,443 18.81 500,588,348 37.18 34,422,439 2.56 17,024,301 1.26 23,087,605 1.71 97,001,222 7.31 188S.. 1,465,755,6% 462,589,545 31.56 262,525,457 17.91 564,626,926 38.52 33,926,220 2.31 12,311,616 0.84 23,615,168 1.61 106,160,764 7.M 7.U 1889.. 1,570,601,846 505,850,347 32.21 276,910,951 17.63 601,569,977 38.30 34,973,406 2.23 14,287,925 0.91 25,401,535 1.62 111,607,705 7.58 1890.. 1,650,269,892 563,635,294 34.15 295,640,694 17.91 591,832,363 35.86 34,931,244 2.12 14,066,050 0.85 25,109,508 1.52 125,054,740 7.91 1891.. 1,709,863,702 611,748,319 35.78 310,527,462 18.16 580,033,815 33.92 35,447,861 2.07 14,655,183 0.$6 22,142,973 1.30 135,308,090 8.0 1892.. 1,789,291,814 655,022,362 36.61 321,353,858 17.96 590,413,213 33.00 35,420,274 1.98 16,149,881 0.90 22,563,511 1.26 148,368,715 8.53 1893.. 1,896,968,779 691,500,492 36.45 335,969,066 17.71 631,151,204 33.27 37,154,744 1.96 16,426,168 0.87 22,991,826 1.21 161,775,280 173,835,192 8.61 1894.. 2,019,013,761 734,522,582 36.38 355,932,512 17.63 673,927,922 33.38 36,021,913 1.78 16,180,503 0.80 23,623,357 1.17 202,356,534 9. IS 1895.. 2,203,935,795 772,040,761 35.03 368,663,806 16.73 766,722,460 34.79 37,478,266 1.70 22,641,505 1.03 26,890,117 1.22 200,283,301 8.4S 1896.. 2,360,947,892 847,176,986 35.88 391,267,200 16.57 828,949,196 35.12 38,207,935 .1.62 22,511,283 0.95 26,711,947 1.13 225,760,442 8-93 1897.. 2,527,851,435 922,361,614 36.49 417,138,010 16.50 867,610,243 34.32 41,251,698 1.63 22,222,205 0.88 26,911,418 1.06 235,742,214 a 1898.. 2,685,487,461 1,012,068,187 37.69 446,063,679 16.61 877,112,784 32.66 48,769,439 1.82 25,599,871 0.95 31,588,043 1.18 251,588,625 8.8 1899.. 2,855,700,388 1,125,322,839 39.41 478,163,4& 16.74 879,418,812 30.80 52,397,620 1.83 30,870,872 1.08 31,486,461 1.10 285,243,545 9,47 1900.. 3,011,965,966 1,234,017,699 40.97 485,781,133 16.13 894,055,686 29.68 48,582,417 1.61 22,492,980 0.75 33^527,489 1.11 326,444,084 7.7« 1901.. 3,344,678,838 1,386,222,250 41.45 508,721,418 15.21 995,189,049 29.75 51,308,651 1.53 28,676,418 0.86 37,928,365 1.13 347,905,115 7.« 1902.. 3,607,876,112 1,511,673,376 41.90 531,356,629 14.73 1,090,539,581 30.23 52,247,629 1.45 23,595,021 .0.65 33,254,826 0.92 545,352,280 361,963,197 9.2J 1903.. 3,896,171,555 1,659,719,853 42.60 14.00 1,192,536,988 30.61 54,157,585 1.39 29,063,956 0.75 35,396,248 0.91 574,261,634 395,111,493 9.fi 1904.. 4,200,212,489 1,817,814,271 43.28 13.67 1,266,099,732 30.14 54,063,097 1.29 34,227,440 0.81 35,121,642 0.84 596,361,122 34,631,215 436,263,380 9-75 1905.. 4,475,517,720 1,982,919,347 44.31 13.32 1,306,178,643 29.18 53,686,924 1.20 39,227,286 0.88 0.77 45.57 613,442,235 13.06 34,583,920 0.74 479,365,839 iaa 1906.. 4,696,196,700 2,139,871,427 1,311,406,159 27.92 54,880,877 1.17 32,470,322 0.69

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. 239 TABLE No. 32.-STATISTICS OF AGRICULTURAL COOPERATIVE CREDIT SOCIETIES BELONG I KG TO THE IMPERIAL FEDERATION, 1892-1906. j Hi t

Average per Credit A vnr&pA Credit .bal Surplus society oi— amount Total own Outside extended to Time loans Total credit Societies. Members. ances of of the members on granted u> ofcmdll \ear. members. societies. funds. deposits. extended to pilfctidfKl Own current j member*. Deposits. account. tnenitjcrs. loaoch funds. mem luff.

Marks. Marks. Marks. Marks. Marks. Marks. Marks. Marks. Marks. Marks. Marks. 1892 • 463 51,551 2,173,596 1,302,820 3,476,416 7,508 1 ISM 538 58,912 2,497,660 1,520,876 4,018,536 7,469 \ m 647 71,747 2,878,121 2,021,562 4,899,683 7,573 : j JS93 1,097 93,417 3,512,750 , 2,320,587 5,833,337 5,318 1 1396 1,785 129,987 4,433,924 1 2,724,213 7,158,137 78,242,463 4,010 43,833 33,121,270 24,203,908 57,327,238 32,116 441 1397 3,149 219,595 5,699,268 4,047,057 9,746,325 140,118,020 3,095 44,496 43,237,389 20,120,927 09,358,316 22,020 31(1 1398 3,667 260,050 6,897,419 5,054,198 11,951,617 178,559,499 3,259 48,094 C9,632,385 52,G20,477 122,258, M2 33,340 470 1309 4,077 290,367 8,083,008 6,136,589 14,219,597 211,902,935 3,488 51,975 S3,494,363 68,834,970 142.329,333 34,910 490 4,343 319,483 9,387,061 7,436,223 16,823,284 239,392,153 3,874 55,121 98,202,357 02,785,212 100,987,509 37,008 604 1901 i 5,302 435,001 10,925,885 11,131,304 22,057,189 382,570,265 4,160 72,150 ! 134,179,408 80,584,301 214,703,709 40,600 494 6,097 506,069 12,242,060 14,289,389 26,531,449 476,520,740 4,352 78,157 ,104,925,187 100,135,803 265,000,990 43,474 524 6,464 543,759 13,619,937 16,756,193 30,376,130 540,136,759 4,699 83,561 184,381,782 113,444,504 297,826,340 40,075 54* 10,780 1 954,473 18,410,777 29,189,513 47,600,290 936,726,416 4,413 86,847 273,692,150 203,495,067 477,187,217 44,241 firm 10,999 959,717 1 16,299,296 30,851,039 47,150,935 1,124,515,255 4,287 102,238 333,590,057 215,259,705 548,849,702 49,900 572 19ft<. 11,173 1,015,108 | 17,629,676 35,066,830 52,696,506 1,257,462,853 4,732 112,545 389,366,495 244,354,443 033,720.938 50,719 024

~~a Including the RalLTelsen Associations.~~

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~~TABI^J No. 33.—STATISTICS OF OTHER AGRICULTURAL COOPERATIVE CREDIT SOCIETIES, 1894-1906 o~~

Average per Credit society. Credit ex Average balances Surplus Total own tended to Fixed term Total credit amount amount Societies. Members. of the Total deposit. members loans granted extended to of credit of credit Year. of the funds. granted members. societies. Own on current to members. members. granted Deposits. account. by each to each funds. society. member. — • Marks, Marks. Marks. Marks* Marks. Marks. Marks. Marks. Maries. Marls. ifarlt. 1894 1,395 118,116 756,043 1,535,707 2,291,750 1,643 1895 1,924 156,041 1,173,394 1,664,425 2,837,819 1,475 1896 .. 1,887 142,123 1,303,739 1,272,549 2,576,288 23,402,020 1,365 12,402 15,157,276 15,157,276 8,032 107 1897 1,123 93,992 929,867 938,128 1,867,995 16,205,183 1,663 14,430 1898 1,217 105,678 1,041,625 1,292,850 2,334,475 21,021,461 1,918 17,273 727,311 3,123,127 3,850,438 3,164 X 1899 1,292 113,294 1,156,360 1,642,961 2,799,321 24,810,313 2,167 19,203 926,332 3,131,511 4,057,843 3,915 X 1900 1,368 125,819 4,607,055 2,063,217 6,670,272 36,963,929 4,876 27,020 6,273,152 8,388,848 14,662,000 10,718 117 1901 1,395 ,127,063 7,316,609 2,417,533 9,734,142 37,708,405 6,978 27,031 8,681,402 12,183,658 20,865,060 14,957 164 1902 1,129 107,500 1,593,015 1,869,632 3,462,647 14,649,803 3,067 12,976 1,496,010 5,806,660 7,302,670 6,468 68 1903 1,171 114,464 1,707,688 2,155,991 3,863,679 18,909,339 3,299 16,148 1,892,580 6,686,685 8,579,265 7,326 7$ 1904 1,224 123,469 1,844,705 2,462,874 4,307,579 23,517,713 3,519 19,214 2,413,286 7,990,639 10,403,925 8,500 U 1905 ! 1,661 184,168 5,621,364 4,755,783 10,377,147 69,354,644 6,248 41,755 7,019,550 23,765,873 30,785,423 18,534 167 1,710 193,144 6,087,294 5,320,207 11,407,501 79,815,028 6,671 46,675 7,532,551 25,824,331 33,356,882 10,507 173

> a There are no statistical data for the savings and loan banks, affiliated with the Raifleisen Union covering the same period. After the amalgamation of that anion with the Imperial Federation in 1905 the respective figures for the Raifleisen Union (for the first time in 1906) are contained in the statistics of the savings and loan hank! of the agricultural societies belonging to the Imperial Federation.

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. 241~~

~~TABLE No. 34.-STATISTICS OF THE SCHULZE-DELITZSCH COOPERATIVE CREDIT SOCIETIES, 1870-1907.~~

Total of— Credit extended against— Total credit Socie Mem Credit bal Surplus of extended to Year. ances of the members on Acknowledg ties. bers. members. the societies. Bills (Vor- ments of Own funds. current Discounted Deposits. account schuss- indebtedness Mortgages. wochscl). (fichuld- W1U. flchclnc).

Marks. Marks. Marks. Maries. Marks. Marks* Marks. Marks. Marks. 740 314,656 40,347,456 3,642,525 43,989,981 137,997,486 135,619,061 24,169,118 1871.. 777 340,336 46,591,860 4,517,067 51,108,927 176,409,840 149,725,629 24,849,050 ! w 1872.. 807 372,742 58,547,301 5,573,286 64,120,587 231,566,193 139,357,956 30,898,982 3,126,724 51,453,871 1873- 834 399,741 69,751,593 6,843,852 76,595,445 280,260,369 495,422,908 90,063,327 7,549,195 217,392,143 1874.. 815 411,443 77,134,767 7,439,349 84,573,816 305,435,790 521,224,390 92,159,279 10,495,679 232,147,824 1875.. 815 418,251 83,542,008 8,427,981 91,969,989 330,164,901 548,713,814 97,149,652 12,137,601 293,164,037 1876.. 806 431,216 88,876,139 10,015,027 98,891,116 334,472,581 574,736,215 100,695,069 11,533,512 323,588,631 1877.. 929 468,652 98,635,583 12,065,410 110,700,993 351,019,103 690,344,600 124,433,428 12,665,035 306,970,111 IBS.. 94S 480,507 102,882,342 13,853,027 116,735,369 346,595,413 588,596,718 114,190,551 8,313,958 290,572,812 1S79.. 899 459,033 100,996,248 15,117,802 116,114,050 347,165,475 543,28$, 325 109,651,729 8,061,533 279,602,021 906 460,656 102,029,366 16,398,062 118,427,428 364,449,945 550,354,469 100,524,412 8,985,902 299,223,447 902 462,212 102,374,010 17,396,157 119,770,167 374,298,414 532,068,608 101,423,835 9,543,995 312,746,182 905 461,153 103,286,404 18,182,515 121,468,919 379,379,292 536,303,180 104,612,590 7,101,578 332,200,637 922 466,575 105,393,471 19,407,579 124,801,050 389,359,279 533,680,710 110,630,235 9,813,018 342,090,941 879 451,779 106,349,385 .20,169,599 126,518,984 393,166,510 602,578,532 115,834,538 14,135,015 360,233, M9 1885.. 896 458,080 107,841,112 21,581,595 129,422,707 401,801,383 507,086,768 103,769,859 11,329,381 391,429,805 881 451,452 109,233,842 22,891,487 132,125,329 411,741,130 482,008,838 99,453,096 11,631,709 387,391,720 886 456,276 110,630,967 24,244,992 134,875,959 427,125,264 500,051,243 94,079,685 j 18,262,273 388,826,614 901 461,356 110,523,367 25,502,781 136,026,148 425,220,879 489,233,057 05.538,628 20,269,898 389,198,723 1,002 490,627 108,751,327 26,102,734 134,854,061 425,110,853 513,501,909 105,566,588 16,091,391 346,045,661 1,072 518,003 117,079,868 28,475,181 145,555,249 453,826,256 530,112,705 109,918,764 14,831,522 407,039,685 1,076 514,524 114,484,504 29,474,032 143,958,536 439,023,181 557,316,959 91,396,840 13,698,082 352,890,036 1,075 512,509 116,304,484 31,121,582 147,426,066 434,248,110 573,003,153 91,357,716 13,841,713 317,022,477 1S93.. 1,038 502,184 116,110,689 32,059,460 148,170,149 435,764,524 567,484,002 96,074,064 10,501,647 319,445,326 1894.. 1,047 509,723 120,512,467 35,168,231 155,680,698 457,734,531 586,852,571 94,459,056 11,840,869 316,388,365 1895.. 1,068 525,748 125,791,326 37,693,574 163,484,900 467,123,041 582,258,958 107,439,996 12,225,957 339,611,409 515,771,204 1896.. 1,055 561,324 129,774,777 39,732,504 169,507,281 178,364,304 562,546,703 103,806,058 17,998,965 397,582,141 496,804,357 16,564,426 1897.. 872 490,924 115,397,592 37,290,145 152,687,737 209,424,699 545,867,938 93,725,730 473,813,773 528,754,695 562,633,102 18,791,278 508,594,223 862 497,111 121,656,936 39,599,141 161,256,077 226,522,580 104,410,883 570,723,202 646,012,157 22,430,027 558,495,740 875 508,327 127,889,911 42,195,291 170,085,202 250,314,173 101,517,739 1900.. 609,926,058 643,671,958 130,814,412 15,826,584 603,463,063 870 511,061 133,264,449 44,987,176 178,261,625 256,669,633 669,278,227 258,551,665 685,731,884 139,011,754 15,348,257 661,004,100 904 526,874 142,678,499 50,157,007 192,835,506 701,315,431 305,219,173 681,607,495 146,067,074 20,148,378 664,167,136 899 533,888 147,732,657 54,145,507 201,878,164 736,549,946 329,484,143 667,956,583 142,519,599 23,643,752 725,956,244 911 542,108 149,755,048 57,335,469 207,090,517 MM.. 802,334,252 332,995,869 726,150,855 170,523,683 27,767,764 773,047,865 90S 523,419 156,264,617 61,530,319 217,794,936 1905.. 858,987,974 371,017,541 740,332,090 179,112,345 27,571,348 848,698,100 921 539,993 165,797,202 66,435,941 232,233,143 1906.. 919,770,234 411,393,758 799,925,158 179,762,351 29,667,039 941,684,738 915 550,485 176,883,561 72,040,847 248,924,408 1907.. 949,625,256 4*40,325,006 836,920,299 187,,131,786 27,594,091 1,000,832,802 917 557,451 183,973,033 76,067,260 260,040,293

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~~TABIiE No. 85.—AVERAGE STATISTICS OF THE SCHULTZE-DELITZSCH COOPERATIVE SOCIETIES, 1870-1907.~~

~~Average per society of- Average per society.~~

Credit extended against— Total Year. credit ex Own funds. Deposits. tended to Acknowl members Bills edgments Discounted on current (Vorschuss- of indebfc* Mortgages. bills. account. wechsel), edness.

Marks. Marks. Marks. Marks. Marks. Marks. Marks. 1870 59,445 186,483 183,269 32,661 1871 65,755 227,037 192,697 31,981 1872, 79,455 286,947 172,686 38,289 3,875 63,759 1873 91,839 336,042 594,032 115,903 9,052 260,662 1874 103,770 374,769 639,539 113,079 12,878 2S4,844 1875 112,848 405,111 673,268 119,202 14,893 359,710 1870, 122,694 414,978 713,072 124,932 14,310 401,475 1877, 119,161 377,846 635,462 133,943 13,634 330,431 1878. 123,138 365,607 620,883 120,454 8,770 306,511 1879, 129,160 386,168 604,325 121,971 9,635 311,015 18S0. 130,714 402,262 607,455 110,954 9,918 330,269 1881. 132,780 414,964 590,874 112,443 10,581 346,725 1882. 134,219 419,203 592,600 115,593 7,847 367,139 1883. 135,359 422,298 578,829 119,989 10,643 371,682 1884. 143,935 447,283 571,762 131,780 16,081 409,822 1885. 144,445 448,439 622,957 127,481 13,918 480,872 1886. 149, S72 467,356 547,116 112,887 13,203 439,718 1887. 152,230 482,082 564,392 106,185 20,612 438,856 1888. 150,972 471,943 542,989 106,036 22,497 431,963 1885. 134,584 424,252 512,477 105,356 18,654 345,355 1890. 135,779 423,345 494,508 102,536 13,835 379,701 1891. 133,790 408,014 517,953 84,941 12,731 327,965 1892. 137,140 403,952 533,026 84,984 12,876 294,905 1893, 142,746 ** \S12 546,709 92,557 10,117 307,751 1894. 148,692 437,187 560,509 90,219 11,309 302,186 1895, 153,076 437,381 545,186 100,599 11,448 317,988 1896, 160,670 488,882 169,it 533,220 98,394 17,061 376,855 1897, 175,101 569,729 240,166 625,995 107,484 18,996 543,364 1898, 187,073 613,404 262,787 652,707 121,126 21,800 590,017 738,300 638,281 1899, 194,383 652,255 286,073 116,020 25,634 739,853 693,636 1900. 204,898 701,064 295,023 150,361 18,191 758,553 731,199 1901. 213,313 740,352 286,008 153,774 16,978 758,184 738,784 1902, 224,559 780,106 339,510 162,477 22,412 1903. 227,322 733,213 796,878 808,607 361,673 156,443 25,954 1904. 239,862 883,628 799,726 30,581 851,374 366,736 ,187,801 1905. 252,153 932,669 803,835 29,936 921,496 402,842 194,476 1906. 272,049 1,005,213 874,235 32,423 1,029,164 449,611 196,462 1907. 283,577 1,035,578 912,672 30,092 1,091,421 480,180 204,070

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis PART III~~

~~STATISTICS OP MONEY, GOLD SUPPLY, GOLD MOTEMENTS, AND FOREIGN EXCHANGE.~~

~~(COMPILED BY THE CENTRAL VERB AND DES DEUTSCHEN BANK- UND BANKIERGEWERBES.)~~

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS OF MONET, GOLD SUPPLY, GOLD MOVEMENTS, AND FOREIGN EXCHANGE.

~~TABLE No. 1.—TOTAL AND PER CAPITA STOCK OP GOLD AND OP BANK NOTES, ANNUALLY, 1875-1907.~~

~~Gold supply.« Supply of notes. Percentage of gold End of the year— supply to Amount. Per Amount. Per total note capita. capita. issue.~~

Marks. Marks. Marks. Marks. 1875 1,275,765,000 30 1,032,381,000 24 123.6 1876... 1,435,190,000 33 941,357,000 22 152.5 1877 1,547,729,000 35 852,532,000 20 181.5 1878 1,672,699,000 38 822,330,000 19 203.4 1879 1,718,828,000 39 911,252,000 20 188.6 1880 1,746,654,000 39 945,424,000 ' 21 184.7 1881 1,762,029,000 39 1,057,953,000 23 166.6 1882 1,775,204,000 39 1,033,569,000 23 171.8 1883 1,863,370,000 40 1,029,831,000 22 180.9 1884 1,920,887,000 41 1,061,578,000 23 180.9 1885 1,928,891,000 41 1,061,623,000 23 181.7 1886 1,964,494,000 42 1,215,498,000 26 161.6 1887 2,082,535,000 44 1,208,002,000 25 172.4 1888 2,226,583,000 46 1,288,325,000 27 172.8 1889 2,428,558,000 50 1,351,845,000 28 179.6 1890 2,527,528,000 51 1,294,817,000 26 195.2 1891 * 2,587,168,000 52 1,313,672,000 26 196.9 1892 2,624,219,000 •52 1,327,400,000 26 197.7 1893..: 2,734,463,000 54 1,297,002,000 26 210.8 1894 2,891,453,000 56 1,401,836,000 27 206.3 1895 2,998,445,000 58 1,517,600,000 29 197.6 1896 1 3,102,898,000 59 1,449,913,000 27 214.0 1897 3,228,626,000 1 60 1,518,123,000 28 212.7 1898 3,384,690,000 62 1,651,230,000 29 218.2 3,522,218,000 64 1,556,671,000 1899 28 226.3 3,661,973,000 65 1,607,394,000 29 1900 227.8 3,774,327,000 66 ! 1901 1,637,697,000 29 230.5 3,855,430,000 67 1,678,168,000 29 229.7 3,942,892,000 67 1,726,350,000 29 228.4 4,024,247,000 1,751,338,000 29 1904 68 1 229.8 4,164,819,000 69 1 1,806,977,0C0 30 230.5 4,329,026,000 1,929,355,000 32 224.4 1906 71 1 4,387,936,000 71 1,645,069,000 26 266.7

~~a Total coinage, less coins withdrawn from circulation. 245~~

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NATIONAL MONETARY COMMISSION.~~

~~TABLE No. 2.—COINAGE OF GOLD AND SILVER IN GERMANY, 1872-1907.~~

~~Gold. Silver.~~

~~Net coinage to end of year.a Year. Net coinage to end of year.a Annual Annual coinage. coinage. Per Amount. Amount. Per capita. capita.~~

Marks. Marks. Marks. Marks. Marks* Marks. 1872. 421,474,130 421,474,130 10.22 1873. 594,362,890 1,015,837,020 24.44 2,350,295.00 2,350,295.00 0.57 1874. 93,507,380 1,109,344,400 26.41 46,331,621.40 48,681,916.40 1.15 1875. 166,420,850 1,275,765,250 30.00 115,558,994.60 164,240,911.00 3.86 1876. 159,424,280 1,435,189,530 33.33 210,080,236.30 374,321,147.30 ae9 1877. 112,539,475 1,547,729,005 35.49 46,222,942.50 420,544,089.80 9.64 1878. 125,130,790 1,672,699,085 37.90 6,566,803.00 427,109,064.20 9.68 1879. 46,387,060 1,718,827,695 38.50 453,404.00 422,557,557.10 9.46 1880. 27,992,240 1,746,654,380 38.73 4,531,650.00 427,087,396.90 9.47 1881. 15,521,220 1,762,028,915 38.79 12,314,416.00 439,399,234.30 9.67 18S2. 13,307,080 1,775,203,860 38.83 2,692,028.00 442,089,837.90 9.67 1883, 88,287,470 1,863,369,780 40.49 2,497,750.00 441,585,589.50 9.60 1884. 57,661,740 1,920,887,470 41.45 480,336.00 442,064,326.80 9.54 1885. 8,148,920 1,928,890,830 41.28 2,428,879.00 444,491,483.80 9.52 1886. 35,740,380 1,964,493,770 41.58 4,848,582.00 449,338,249.80 9.53 1887. 118,215,420 2,082,535,025 43.72 3,005,644.00 452,342,209.70 9.50 1888. 144,288,750 2,226,583,035 46.23 4,155,999.00 451,494,888.00 9.37 1889. 202,379,180 2,428,557,985 49.85 744,029.00 452,236,010.80 9.28 1890. 99,349,210 2,527,528,445 51.33 452,233,935.30 9.18 1891. 59,988,320 2,587,168,105 51.99 4,786,775.00 457,017,658.10 9.18 1892. 37,243,170 2,624,218,665 52.22 5,201,111.00 462,215,796.30 9.20 1893. 110,420,960 2,734,462,700 53.90 8,797,114.00 471,010,096.50 9.29 1894. 157,282,160 2,891,452,930 56.33 4,487,165-00 475,493,906.60 9.27 1895. 107,514,010 2,998,445,345 57.69 7,072,429.00 483,162,846.00 9.30 1896. 105,602,840 3,102,898,155 58.81 11,421,714.50 494,228,892.50 9.37 1897. 126,662,420 3,228,626,330 60.26 494,224,825.40 9.22 1898. 179,307,090 3,384,689,790 62.20 15,565,546.00 501,581,995.10 9.22 1899. 141,296,020 3,522,217,655 63.74 18,261,771.00 515,829,088.50 9.33 1900. 145,715,950 3,661,972,635 65.32 23,719,670.00 536,429,821.70 9.57 1901. 118,274,170 3,774,327,400 66.36 30,036,608.50 564,939,641.60 9.93 1902. 87,761,720 3,855,430,190 66.72 44,105,572.50 608,184,859.30 10.53 1903. 93,470,110 3,942,891,810 67.24 60,139,058.50 668,037,716.00 11.39 732,791,357.00 1904. 90,000,090 4,024,246,580 67.64 64,797,922.00 12.32 777,563,508.00 1905. 152,106,040 4,164,819,160 69.05 68,405,677.00 12.89 823,047,790.00 1906. 172,248,070 4,329,025,540 70.82 61,833,486.50 13.47 906,220,894.50 1907. 66,915,610 4,387,936,080 70.86 84,944,029.50 14.64

~~o Total coinage less coins withdrawn from circulation.~~

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY.~~

~~TABLE No. 3.—MONTHLY MOVEMENTS OF GOLD TO AND FROM FOREIGN COUNTRIES, 1892-1907..~~

~~Net balance. Month. Imports. Exports. Imports. Exports.~~

1892. Marks. Marks. Marks Marks. January 15,911,649 7,300,099 8,611,550 February... 14,790,224 7,453,160 7,337,064 March 13,086,806 20,770,878 7,684,072 April 1,973,550 1,862,662 110,888 May 2,107,086 11,586,370 9,479,284 June 27,785,781 7,453,996 20,331,785 July 33,863,060 34,332,268 469,208 August -12,547,098 15,817,439 3,270,341 September-. 28,062,868 19,146,032 8,916,836 October 15,359,143 5,561,781 9,797,362 November.. 3,450,236 623,118 2,827,118 December... 9,529,462 17,919,033 8,489,571

~~Total.. 178,466,963 149,826,836 28,640,127~~

1893. January 9,866,363 735,474 9,130,889 February... 8,790,563 18,612,688 9,822,125 March 22,178,938 26,780,134 4,601,196 April 5,637,723 22,520,906 16,883,183 May 5,602,113 10,034,012 4,431,899 June 3,320,873 11,869,631 8,548,758 July 2,848,489 3,735,083 886,594 August 2,739,435 1,688,691 1,050,744 September.. 9,538,643 1,674,194 7,864,449 October 22,768,444 1,153,953 21,614,491 November.. 26,970,377 1,187,688 25,782,689 December... 19,779,463 1,583,305 18,196,158

~~Total.. 140,041,424 101,575,759 38,465,665~~

1894. January 13,154,687 2,537,637 10,617,050 February... 1,358,728 3,742,053 2,383,325 March 3,466,650 9,440,725 5,974,075 April 1,552,356 4,666,833 3,114,477 May 22,159,186 2,852,960 19,306,226 June 25,283,094 13,552,189 11,730,905 July 22,513,335 1,648,823 20,864,512 August 20,152,808 2,373,703 17,779,105 September.. 31,247,424 3,725,325 27,522,099 October 72,074,943 2,819,783 69,255,160 November.. 80,741,429 3,122,281 77,619,148 December... 10,768,843 2,836,790 7,932,053

~~Total.. 304,473,483 53,319,102 251,154,381~~

1895, January 9,555,335 3,842,421 5,712,914 February... 5,756,236 7,863,275 2,107,039 March 3,088,298 2,608,731 479,567 April 3,178,435 1,259,618 1,918,817 May 7,233,478 4,713,392 2,520,086 June 3,378,182 10,359,092 6,980,910 July 1,682,275 10,366,062 8,683,787 August 2,482,935 4,010,538 1,527,603 September.. 13,102,107 6,791,289 6,310,818 October 18,669,445 10,083,359 8,586,086 November.. 5,465,795 8,388,534 2,922,739 December... 23,858,432 12,032,729 11,825,703

~~Total- 97,450,953 82,319,040 15,131,913~~

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 248 NATIONAL MONETARY COMMISSION.~~

~~TABLE No. 3.—MONTHLY MOVEMENTS OF GOLD TO AND FROM FOREIGN COUNTRIES, 1892-1907-Conthmed.~~

~~Net balance. Month. Imports. Exports. Imports. Exports.~~

1896. Marks. Marks. Marks. Marks* January 19,852,074 5,944,852 13,907,222 February 11,637,384 6,241,774 5,395,610 March 5,493,615 10,541,428 5,047,813 April 11,659,034 32,706,806 21,107,722 May 45,123,762 7,737,536 37,386,226 June 6,950,271 18,794,186 11,843,915 July 8,139,019 3,626,630 4,512,389 August 41,211,435 24,992,189 16,219,246 September... 28,036,161 20,269,317 7,766,844 October 23,735,468 28,039,194 4,303,726 November... 6,376,066 35,414,570 29,038,504 December 12,045,782 3,112,523 8,933,259

~~Total.. 220,260,121 197,481,005 22,779,116~~

1S97. January 6,966,128 7,240,157 274,029 February 3,672,796 4,571,204 898,408 March 4,075,908 2,743,949 1,331,959 April 4,419,207 3,410,560 1,008,647 May 11,366,139 9,945,911 1,420,228 June 8,770,255 13,374,872 4,604,617 July 4,885,470 13,399,128 8,513,658 August 11,406,756 25,834,444 14,427,688 September... 23,740,753 31,126,068 7,385,315 October 18,752,349 3,139,009 15,613,340 November... 25,667,288 2,045,834 23,621,454 December 30,993,983 1,821,958 29,172,025

~~Total., 154,717,032 118,653,094 36,063,938~~

January 19,033,887 1,044,942 17,988,945 February... 16,611,600 3,295,137 13,316,463 March. 38,640,867 3,546,057 35,094,810 April 17,533,833 14,126,517 3,407,316 May 16,543,441 61,723,532 45,180,091 June 13,508,001 17,855,467 4,347,466 July 39,227,869 15,123,785 24,104,084 August 25,412,457 3,766,867 21,645,590 September. 19,776,681 2,504,739 17,271,942 October 30,442,869 56,755,037 26,312,168 November.. 29,569,878 19,279,578 10,290,300 December.. 59,906,197 22,746,456 37,159,741

~~Total.. 326,207,580 221,768,114 104,439,466~~

January 22,932,063 1,409,573 21,523,390 February 13,837,842 17,212,716 3,374,874 March 28,904,679 28,031,922 872,757 April 16,647,930 1,968,373 14,679,557 May 9,340,920 6,060,465 3,280,455 June 20,171,142 5,939,485 14,231,657 July 14,210,028 17,893,614 3,683,586 August 18,831,663 18,094,502 737,161 September... 8,030,736 3,240,481 4,790,255 October 11,151,072 19,456,019 8,304,947 November... 8,770,923 10,663,580 1,892,657 December 98,444,871 5,774,639 92,670,232

~~Total.. 271,274,769 135,745,369 135,529,400~~

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. 249 TABLE No. 3.-M0NTHLY MOVEMENTS OP GOLD TO AND PROM FOREIGN COUNTRIES 1892-1907-Continuod.

~~Net balance. Month. Imports. Exports. Imports. Exports.~~

1900. Marks. Markt. Marks. Mark*. January.., 2,311,236 25,159,970 22,848,734 February. 6,248,205 31,271,000 25,022,801 March 2,494,539 11,449,532 8,054,993 April 17,538,219 5,623,483 11,914,730 May 7,272,793 6,411,950 860,843 June 9,379,701 2,994,050 6,385,651 July 28,456,320 3,997,096 24,459,230 August 43,338,744 3,755,130 39,583,608 September. 18,072,783 3,315,081 14,757,702 October 45,837,189 3,834,485 42,002,704 November.. 35,688,843 4,919,395 30,709,448 December.. 24,604,731 11,129,340 13,475,391

~~Total. 241,243,309 113,860,524 127,382,785~~

1901. January 4,104,927 5,258,308 1,153,381 February 3,817,557 2,203,698 1,553,859 March.... 4,316,409 2,057,373 1,659,030 April . 15,838,830 3,294,405 12,544,425 May 21,520,107 5,955,131 15,564,976 June 6,516,045 2,665,196 3,850,849 July.. 27,106,245 2,529,967 24,576,278 August 20,526,030 3,323,403 17,202,567 September 45,637,146 3,550,335 42,086,811 October 19,480,059 12,786,741 6,693,318 November 27,426,537 3,231,201 24,195,270 December 60,543,000 4,074,490 56,408,510

~~Total. 256,832,892 51,590,368 205,242,524~~

1902. January— 21,711,780 4,709,845 17,001,935 February.. 5,177,124 2,607,360 2,569,704 March 3,552,507 4,719,345 1,166,838 April 1,431,270 3,992,905 2,561,635 May 4,044,663 3,339,068 704,995 June 6,440,994 3,522,954 2,918,040 July 19,175,949 8,805,291 10,370,658 August 23,548,716 14,463,699 9,085,017 September. 10,309,050 8,417,204 1,891,846 October.... 13,120,254 9,702,444 3,417,810 November.. 15,889,608 6,634,911 9,254,697 December.. 14,581,098 35,106,051 20,524,053

~~Total. 138,983,013 106,021,677 32,961,336~~

1903. 11,464,276 January 5,996,268 17,460,544 February.... 2,776,887 2,155,012 621,875 3,689,196 March...... 1,168,731 4,857,927 5,069,013 April 1,071,360 6,140,373 1,411,441 May 5,128,578 3,717,137 29,409,690 June 31,778,937 2,309,241 4,495,432 July 15,121,521 19,616,953 46,608,050 August 50,127,651 3,519,001 73,072,524 September... 77,421,105 4,348,581 28,921,592 October 32,309,037 3,387,445 37,647,274 November... 40,479,831 2,832,557 3,902,160 December.... 17,386,164 21,288,324

~~Total. 280,766,070 91,633,695 189,132,375~~

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NATIONAL MONETARY COMMISSION.~~

~~-MONTHLY MOVEMENTS OF GOLD TO AND FROM FOREIGN COUNTRIES, 1892-1907-Continued.~~

~~Net balance. Month. Imports. Exports. Imports. Exports.~~

1904. Marks. Marks. Marks. Marks. January 10,095,336 4,315,891 5,779,445 February 5,674,860 15,188,742 9,513,882 March 9,360,450 4,505,883 4,854,567 April 1,790,901 2,418,207 627,306 May 3,805,281 3,716,578 88,703 June 16,596,594 2,307,564 14,289,030 July 28,798,659 2,880,334 25,918,325 August 57,256,101 7,967,370 49,288,731 September 41,024,997 12,311,202 28,713,795 October . 123,243,786 2,880,893 120,362,893 November— 83,989,881 1,958,594 82,031,287 December 72,401,337 4,772,710 67,628,627

~~Total. 454,038,183 65,223,968 388,814,215~~

1905. January...... 5,386,932 1,654,048 3,732,884 February 17,641,449 4,483,252 13,158,197 March 43,822,530 10,477,220 33,345,310 April 5,347,035 6,993,102 1,646,067 May 2,893,509 9,348,724 6,455,215 June 4,518,684 3,730,548 788,136 July 2,913,318 4,994,275 2,080,957 August 8,005,626 11,949,099 3,943,473 September.... 18,759,960 5,824,093 12,935,867 October 21,313,647 2,833,954 18,479,693 November 7,110,036 5,332,349 1,777,687 December 111,138,534 1,675,561 109,462,973

~~Total. 248,851,260 69,296,225 179,555,035~~

1906. January 16,804,728 2,971,978 13,832,750 February..... 48,986,541 15,303,576 33,682,965 March 2,348,143 10,604,925 8,256,782 April 2,895,376 2,114,574 780,802 May 50,439,537 6,312,738 44,126,799 June 82,314,706 7,224,624 75,090,082 July 5,871,093 9,532,793 3,661,700 August 5,557,367 5,031,189 526,178 September.... 23,923,649 10,190,239 18,733,410 October...?... 83,239,202 12,604,602 70,634,600 November 9,770,255 5,831,749 3,938,506 December 23,931,431 4,653,965 19,277,466

Total. 361,082,028 92,376,952 268,705,076 1907. January 5,269,760 2,535,466 2,734,294 February 9,478,844 4,208,551 5,270,293 March 5,286,493 3,210,096 2,076,397 April 16,824,529 11,257,253 5,567,276 11,325,305 2,412,639 8,912,666 June 6,181,555 2,579,914 3,601,641 July 6,295,292 3,828,325 2,466,967 August 6,468,015 4,125,436 2,342,579 September. 41,546,131 10,316,617 31,229,514 October 27,157,996 20,702,445 6,455,551 November.. 14,345,942 129,885,070 115,539,128 December.. 56,251,284 28,302,235 27,949,049

~~Total. 206,431,146 223,364,047 15,932,901~~

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. 251 TABLE No. 4.-QU0TED RATES OF FOREIGN EXCHANGE ON NEW YORK, LONDON, AND PARIS, MONTHLY. 1688-1007.

~~Exchange rate in marks on-~~

~~Month. New York (sight draft, 5100). London (£1, eight days). Parts (100 francs, eight days).~~

~~Highest. Lowest. Average. Highest. Lowest. Average. Highest. Lowest. Average~~

1888. January.... 419.00 417.25 418.00 20.365 20.34 20.35 80.70 80.35 80.53 February.. 419.50 418.25 419.18 20.385 20.36 20.37 80.75 8a 65 60.08 March 418.25 417.00 417.59 20.37 20.33 20.35 80.60 80.40 80.48 April 418.00 417.50 417.73 20.38 20.34 20.36 80.00 80.50 60.55 May 417.75 417.00 417.45 20.40 20.37 20.39 80.70 80.50 80.58 June 417.75 417.00 417.36 20.39 20.365 20.38 80.70 80.55 S0.G3 July 418.50 417.50 417.89 20.43 20.385 20.42 80.80 80.70 80.75 August 420. OC 419.00 419.50 20.49 20.445 20.47 80.60 60.65 80.74 September., 420.00 418.50 419.28 20.495 20.425 20.46 80.75 80.30 sa 51 October 418.75 417.00 418.11 20.485 20.365 20.43 80.00 80.50 60.53 November.. 417.75 416.00 417.02 20.395 20.34 20.37 80. CO 60.40 60.51 December.. 417.25 416.00 416.48 20.395 20.365 20.38 80.00 80.35 60.48

~~During year. 420.00 416.00 417.97 20.495 20.33 20.39 80.60 80.30 60.5$~~

January 417.75 417.00 417.48 20.405 20.38 20.39 60.75 60.55 60.64 February... 418.50 417.50 418.11 20.475 20.395 20.44 8a 90 80.75 60.83 March 419.00 418.00 418.58 20.485 20.43 20.46 80.95 80.70 60.83 April...... 418.75 418,00 418.40 20.47 20.45 20.46 81.00 80.90 60.97 May 419.00 417.75 418.50 20.475 20.435 20.46 81.25 81.05 81.16 June 418.50 417.00 417.73 20.455 20.43 20.44 81,30 81.10 81.23 July 419.00 418.00 418.31 20.45 20.425 20.43 81.35 81.15 81.22 August 420.25 419.00 419.63 20.485 20.45 20.46 81.35 81.00 81.14 September.. 420.00 419.50 419.70 20.485 20.455 20.47 81.10 81.00 81.06 October 419.75 418.50 419.15 20.48 20.375 20.42 81.10 80.80 60.91 November- 419.50 419.00 419.04 20.375 20.335 20.36 80.90 80.60 80.69 December.. 419.50 418.00 419.00 20.38 20.32 20.35 80.85 80.70 80.73

~~During year. 420.25 417.00 418.64 20.485 20.32 20.43 81.35 60.55 60.95~~

1890. January.... 419.75 419.00 419.48 20.46 20.385 20.43 81.05 80.85 60.96 81.00 February... 419.75 419.00 419.32 20.475 20.435 20.46 81.05 8a 95 80.70 60.84 March 421.50 417.50 419.65 20.47 20.35 20.40 81.05 80.80 80.86 April 418.00 417.25 417.50 20.365 20.335 20.36 80.95 81.00 60.90 60.93 May 418.75 417.25 417.92 20.365 20.32 20.35 20.34 80.95 80.65 80.80 June 418.25 415.50 416.89 20.355 20.32 20.41 80.95 80.80 80.84 July 417.75 416.00 417.08 20.44 20.345 20.42 80.85 80.65 80.73 August 418.75 417.25 418.00 20.46 20.38 419.02 20.365 20.37 80.65 80.45 80.58 September. 419.75 418.00 20.405 417.46 20.325 20.34 80.55 80.40 80.45 October 418.25 417.00 20.375 418.18 20.345 20.37 80.60 80.40 80.46 November.. 418.50 416.50 20.405 416.50 417.72 20.30 20.32 80.60 8a 35 80.51 December.. 418.50 20.35 20.30 20.38 81.05 80.35 80.75 During year. 421.50 415.50 418.19 20.475

1891. 80.50 80.58 418.50 416.25 417.28 20.36 20.315 20.34 80.85 January 80.60 80.65 417.25 416.75 416.93 20.38 20.325 20.35 80.70 February... 80.80 80.65 80.72 417.00 416.00 416.67 20.37 20.345 20.36 March 80.90 80.75 60.82 417.50 416.25 416.75 20.445 20.345 20.38 April 80.95 80.80 80.66 419.00 417.00 418.18 20.48 20.435 20.45 May 8a 90 80.55 80.67 418.25 416.75 417.40 20.45 20.355 20.39 June 80.60 80.50 80.54 417.75 416.75 417.14 20.35 20.33 20.34 July 80.50 60.30 60.40 418.75 417.00 418 03 20.335 20.31 20.32 August 20.32 80.40 80.25 80.30 419.75 419.25 419.42 20.345 20.305 September.. 20.33 80.65 80.35 80.45 420.50 419.25 419.77 20.345 20.315 October.... 80.70 80.55 sa e4 418.75 419.34 20.345 20.315 20.33 November.. 419.75 80.75 80.60 80.67 417.75 418.41 20.33 20.305 20.32 December.. 419.25 20.35 8a 95 80.25 416.00 417.94 20.48 20.305 saei During year. 420.50

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Federal http://fraser.stlouisfed.org/ Digitized Reserve for FRASER~~

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~~Exchange rate in marks on-~~

~~Month, New York (sight draft, $100). London (£1, eight days). Paris (100 francs, eight days).~~

~~Highest. Lowest. Average. Highest. Lowest. Average Highest. Lowest. Average.~~

1896. January.. 417.75, 416.50 417.02 20.47 20.42 20.45 81.15 80.95 81.05 February. 419.25 418.00 418.58 20.46 20.45 20.46 81.15 '81.00 81.03 March.,.. 419.00 418.25 418.67 20.455 20.435 20.45 81.15 81.05 81.08 April 418.25 417.50 .417.77 20.45 20.435 20.44 81.30 81.10 81.20 417.75 417.25 417.55 20.44 20.41 20.43 81.20 81.05 81.14 June 417.75 417.00 417.29 20.41 20.375 2039 81.15 80.95 8L02 July 417.25 417.00 417.15 20.385 20.37 20.38 81.00 80.95 80.99 August 420.75 416.50 418.13 20.405 20.375 20.39 81.05 80.05 80.98 September.. 420.50 419.25 419.81 20.405 20.355 20.38 81.00 80.85 80.93 October 419.75 418.25 419.35 20.365 20.345 20.36 80.95 80.70 80.83 November.. 419.50 418.00 418.60 20.37 20.355 20.37 80.90 SO 65 80.77 December.. 418.25 416.75 417.56 20.38 20.335 20.35 80.90 80.65 80.68

During year. 420.75 416.50 418.12 20.47 20.335 20.40 81.30 8055 1897. January 419.00 417.50 418.13 20.40 20.37 20.38 81.00 80.80 80.87 February.., 419.25 418.75 418.98 20.42 20.395 20.41 81.10 80.95 81.05 March 419.25 418.00 418.66 20.415 20. $6 2039 81.15 80.95 81.05 April 418.50 417.50 418.00 20.39 20.365 2037 81.15 81.00 81.08 May. , 418.25 417.75 418.03 20.385 20.365 2037 81.20 81.15 81.15 June 418.50 417.00 417.77 20.37 20.345 20.36 81.15 81.05 81.10 July 417.75 417.00 417.48 20.365 20.345 20.36 81.10 81.05 81.06 August 419.50 417.25 418.67 20.385 20.345 2037 81.05 80.90 80.97 September.. 419.75 419.00 419.38 20.39 20.36 20.38 80.95 80.75 80.85 October 419.75 419.00 419.43 20.36 20.33 20.35 80.90 80.75 80.81 November.. 419.50 418.75 419.18 20.35 20.34 20.34 80.85 80.75 80.79 December.. 419.50 418.50 419.02 20.37 20.345 20 3G 80.80 80.65 SO. 72

~~During year. 419.75 417.00 418.56 20.42 20.33 20.37 81.20 80.65 80.96~~

1898. January 42a 75 419.50 42a 02 20.42 20 375 2039 81.00 8085 80 88 February... 421.75 42a 25 420.77 2a 44 20.415 2043 81.00 80 85 8092 March 42a 50 421.75 422.73 2a 485 20 45 20 47 8L00 SO 00 8094 April 424.00 42a 00 42a 44 2a 535 20 49 20 51 8L10 80 95 81.03 May. 42a 50 419.75 421.63 20.52 20.445 20 48 81.05 80.80 8092 June 42a 00 419.00 419.55 2a 44 20 375 20 40 80 85 SO 70 8074 July 42a 00 419.00 419.50 2a 395 2037 20 33 8085 SO 75 8082 August..... 42a 25 419.75 419.93 2a 41 20395 20 40 SO 90 80 80 80 84 September. 421.25 420.50 420. S8 2a 41 20,38 20 39 80 SO SO 00 80 70 October 421.50 42a 50 421.11 2a 465 20385 20 42 SO 80 8065 80 68 80 69 November.. 421.00 420.25 42a 62 2a 45 20 403 20.44 80 75 80 60 8079 December.. 421.25 420.25 420.71 2a 425 20 40 20.42 81.00 SO 70 8060 8083 During year. 424.00 419.00 42a 91 20.535 20.37 20 43 SL10

1899. 8L08 January 421.00 42a so 42a 75 20.425 20 40 20 41 St 00 8095 81.02 February... 42a 50 418.75 419.44 2tt 415 20.39 20 40 80 85 8091 March 42a oo 419.00 419.69 2a 405 20 40 20 40 20 42 8095 SL03 April 42a 00 418.50 419.25 2a 44 20.405 20 43 81.05 81.10 May 419.25 418.25 418. GS 2a 44 20 425 20 43 SL05 8L09 June 418.50 417.75 418.25 2a 435 20.41 2045 8L05 8L13 July 419.75 418.00 419.06 20.485 20 41 20 445 20 47 81.00 8L0S August 421.00 42a 00 42a 44 2a 49 2a 45 20 43 20 44 SO 80 8091 September. 42a 50 42a 25 42a 43 2a 48 2042 20 45 60 90 8094 October 421.00 418.75 419.65 20.43 20 41 20 42 8085 8094 November.. 42a 25 419.25 419.71 2a 565 20 435 20 50 SOS5 8L03 December.. 420.50 419.75 42a is 2044 8130 SO SO 81.02 During year 421.00 417.75 419.63 20565 20 39

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Federal http://fraser.stlouisfed.org/ Digitized Reserve for FRASER Bank of St. Louis~~

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~~H S 00 O u \k h b b k h co k k h k b to w^-Socoooocn»-»ocoH-i £3 8'g3££g&83 STATISTICS FOR GERMANY. 9~~

~~TABLE No. 4.—QUOTED RATES OF FOREIGN EXCHANGE ON NEW YORK, LONDON, AND PARIS, MONTHLY, 1888-1907-~Continued.~~

~~Exchange rate in marks on-~~

~~Month. New York (sight draft, $100). London (£1, oight days). Paris (100 francs eight days).~~

~~Highest. Lowest. Average. Highest. Lowest. Average, nighest. Lowest. Average,~~

1904. January 421.60 420.50 420.94 20.48 20.415 20.45 81.40 61.20 S1.2S February.. 421.75 420.25 421.20 20.495 20.465 20.48 81.40 81.25 81.33 March 420.25 418.75 419.39 20.445 20.415 20.43 81.35 61.20 81.20 April 419.50 419.00 419.21 20.415 20.415 20.43 81.40 81.25 81.35 May 419.25 418.50 418.79 20.475 20.38 20.40 81.30 81.15 81.25 June 418.75 418.00 418.29 20.40 20.38 20.39 81.20 80.85 80.97 July 419.25 418.25 418.63 20.455 20.39 20.42 81.00 80.90 80.96 August 419.00 418.25 418.65 20.465 20.435 20.45 81.00 80.95 80.98 September. 419.50 418.75 419.12 20.43 2a 38 20.40 80.95 80.85 80.90 October 419.50 417.50 418.58 20.385 20.325 2a 35 81.05 80.95 61.00 November.. 418.25 417.50 417.81 20.365 20.33 20.35 81.00 80.95 80.97 December.. 418.50 417.25 417.88 20.37 20.345 20.36 81.05 80.00 8a 97

During year. 421.75 417.25 419.04 20.495 20.325 20.41 81.40 80.85 81.10 1905. January 419.00 418.25 418.62 20.46 20.38 20.42 81.40 81.10 81.28 February.. 420.25 419.00 419.56 20.48 20.46 20.47 81.45 81.25 81.32 March 420.75 420.00 420.34 20.48 20.45 20.47 81.35 81.10 81.24 April 421.00 420.25 420.67 20.48 20.465 20.47 81.50 81.30 81.37 May 420.75 420.00 420.25 20.48 20.455 20.47 81.45 81.25 81.33 June... 420.25 419.25 419.81 20.48 20.45 20.46 81.40 81.25 81.32 July 420.25 419.50 419.92 20.465 20.44 20.45 61.40 81.35 81.35 August 420.50 420.00 420.18 20.46 20.435 20.45 81.35 81.20 81.29 September. 420.50 419.75 420.27 20.435 20.41 20.42 81.20 81.10 81.17 October 420.50 419.00 419.85 20.435 20.41 20.43 81.30 81.20 81.25 November.. 419.75 418.75 419.19 20.43 20.40 20.41 81.30 81.20 81.23 December.. 419.50 417.50 413.42 20.40 20.35 20.38 81.35 81.05 81.20

~~During year. 421.00 417.50 419.76 20.48 20.35 20.44 81.50 81.05 81.28~~

1906. January 419.50 418.75 419.06 20.47 20.39 20.43 81.50 81.30 81.38 February.. 421.00 419.50 420.17 20.49 20.465 20.48 81.50 81.45 81.45 March 421.25 420.75 420.93 20.475 20.455 20.46 81.50 81.40 81.44 April 422.00 421.00 421.49 20.475 20.46 20.47 81.00 81.40 81.50 May.... 423.00 421.50 422.00 20.505 20.46 20.49 81.55 81.30 81.39 June 421.75 420.50 421.26 20.4S5 20.45 20.47 81.40 81.25 81.34 July 422.00 421.25 421.64 20.46 20.445 20.45 81.40 81.30 81.35 81.20 August . 422.00 421.00 421.40 20.46 20.435 20.45 81.40 81.28 81.00 81.15 September. 422.50 420.75 421.60 20.46 20.42 20.43 81.25 81.15 81.18 October 421.50 420.50 421.03 20.485 20.42 20.45 81.25 81.10 81.19 November., 421.25 420.75 421.06 20.49 20.475 20.48 81.30 81.10 81.13 December.. 421.75 421.25 421.55 20.48 20.45 20.47 81.20 81.00 81.32 During year. 423.00 418.75 421.10 2a 505 20.39 20.46 81.60

1907. 81.30 81.20 81.26 January 422.00 421.00 421.42 20.49 2a 45 20.47 81.30 81.15 81.20 February.. 422.50 422.00 422.31 20.50 2a 485 20.49 20.49 81.15 80.90 61.03 March 423.25 422.25 422.75 20.50 20.475 20.47 81.35 81.10 81.20 April 423.00 420.25 421.27 20.495 20.44 20.425 20.44 81.40 81.25 81.32 May 420.50 419.25 419.92 20.45 20.43 20.44 81.35 81.30 81.32 June 419.75 418.75 419.32 20.445 81.30 81.25 81.28 419.75 418.75 419.29 20.45 20.42 20.44 July 81.45 81.30 81.38 420.50 419.75 420.13 20.505 20.445 20.47 August 81.40 81.30 81.35 420.75 420.25 420.56 20.465 2a 435 20.44 September. 81.65 81.40 81.50 420.25 421.02 20.51 20.435 20.47 October 422.75 81.40 81.46 420.21 2a 55 20.50 20.52 81.60 November., 421.00 419.25 81.35 61.21 420.33 20.495 20.465 20.48 81.45 December.. 421.00 419.50 81.65 80.90 81.31 420.71 20.55 20.42 2a 47 During year. 423.25 418.75

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 256 NATIONAL MONETARY COMMISSION.~~

~~TABLE No. 5.—QUOTED RATES OF FOREIGN EXCHANGE ON NEW YORK, LONDON, AND PARIS, WEEKLY, 189&-1907.~~

~~Exchange rate in marks on—~~

~~Week ot-r- New York (sight draft, S100). London (£1, eight days). Paris (100 francs, eight days).~~

~~Highest. I Lowest. | Average, Highest. I Lowest. Average, Highest. Lowest. Average.~~

Jan. 3-9 419.75 419.50 419.63 20.39 20.38 20.385 80.85 80.85 80.85 Jan. 10-16 419.75 419.50 419.67 20.385 20.375 20.380 80.85 80.85 80.85 Jan. 17-23 420.00 420.00 420.00 20.38 20.375 20.378 80.90 80.85 80.87 Jan. 24-30 420.75 420.50 420.67 20.42 20.395 20.407 81.00 80.90 Jan. 31-Feb. 6 421.25 420.75 421.08 20.425 20.42 20.423 81.00 80.95 Feb. 7-13 420.25 420.25 420.25 20.42 20.415 20.418 80.90 80.90 £0.90 Feb. 14-20 420.50 420.25 420.42 20.42 20.42 20.42 80.90 80.85 80.88 Feb. 21-27 421.75 420.75 421.17 20.44 20.435 20.438 80.90 80.90 80.90 Feb. 28-Mar. 6 422.00 421.75 421.92 20.455 20.45 20.452 80.95 80.90 80.93 Mar. 7-13 423.50 422.50 423.00 20.48 20.46 20.47 80.90 80.90 80.90 Mar. 14-20 423.25 423.00 423.17 20.485 20.475 20.48 80.95 80.90 80.93 Mar. 21-27 423.00 422.50 422.67 20.48 20.47 20.473 81.00 81.00 81.00 Mar. 28-Apr. 3 423.25 423.00 423.08 20.49 20.485 20.487 81.00 .80.95 80.97 Apr. 4-10 423.25 423.25 423.25 20.51 20.49 20.502 81.10 81.05 81.08 Apr. 11-17 423.50 423.25 423.42 20.515 20.51 20.513 81.00 80.95 80.98 Apr. 18-24 424.00 423.75 423.83 20.535 20.52 20.528 81.00 81.00 81.00 Apr. 25-May 1 423.50 423.00 423.33 20.525 20.50 20.51 81.05 81.05 81.05 May2-8V 423.50 423.25 423.33 20.52 20.51 20.513 81.05 81.00 81.03 May 9-15. 423.00 422.00 422.42 20.495 20.485 20.488 80.95 80.90 80.92 May 16-22 >.... 421.25 420.25 420.83 20.475 20.475 20.475 80.90 80.90 80.90 May 23-29 420.00 419.75 419.88 20.47 20.455 20.462 80.90 80.85 80.88 May30-June5 420.00 419.J5 419.92 20.445 20.43 20.438 80.85 80.75 80.80 June 6-12 419.75 419.00 419.33 20.40 20.40 20.40 80.75 80.75 80.75 419.75 June 13-19 419.75 419.75 20.40 20.375 20.388 80.75 80.70 80.72 June 20-26 419.75 419.25 419.50 20.39 20.39 20.39 80.75 80.70 80.72 419.50 June27-July 3 419.25 419.38 20.39 20.385 20.387 80.80 80.75 80.77 419.75 July 4-10 419.50 419.67 20.385 20.38 20.383 80.85 80.80 80.82 419.75 July 11-17.: 419.00 419.33 20.38 20.37 20.375 80.80 80.75 80.78 419.50 July 18-24 419.25 419.33 20.385 20.385 20.385 80.85 80.80 80.82 420.00 80.85 July 25-31 419.50 419.75 20.395 20.38 20.388 80.85 80.85 420.25 80.85 Aug. 1-7 420.00 420.17 20.40 20.395 20.397 80.90 80.88 420.00 80.80 Aug. 8-14 419.75 419.83 20.405 20.40 20.402 80.85 80.83 420.00 80.80 Aug. 15-21 419.75 419.83 20.405 20.40 20.403 80.85 80.82 420.25 80.80 Aug. 22-28 • 419.75 420.00 20.41 20.40 20.407 80.85 80.83 421.00 80.80 80.80 Aug. 29-Sept. 4 420.25 420r58 20.41 20.405 20.403 80.80 420.75 80.70 Sept. 5-11 420.75 420.75 20.395 20.39 20.398 80.75 80.72 421.00 80.65 80.68 Sept. 12-18 420.75 420.83 20.395 20.385 20.388 80.70 421.25 80.60 80.63 Sept. 19-25 421.00 421.08 20.395 20.38 20.387 80.65 421.25 80.65 80.67 Sept. 26-Oct. 2 420.50 420.83 20.40 20.40 20.40 80.70 421.25 80.65 80.65 Oct. 3-9 421.00 421.08 20.40 20.385 20.398 80.65 421.50 80.65 80.68 Oct. 10-16 421.00 421.25 20.435 20.405 20.422 80.70 421.50 80.65 80.67 Oct. 17-23 421.50 421.60 20.44 20.415 20.425 80.70 421.00 80.70 80.75 Oct. 24-30 420.75 420.88 20.465 20.455 20.46 80.80 421.00 80.70 80.72 Oct.31-Nov. 6 r 420.75 420.83 20.45 20.445 20.447 80.75 420.75 80.60 80.67 Nov. 7-13 420.50 420.58 20.445 20.435 20.442 80.70 420.75 80.65 80.67 Nov. 14-20 420.25 420.50 20.435 20.43 20.433 80.70 420.50 80.65 80.70 Nov. 21-27 420.50 420.50 20.435 20.42 20.427 80.75 421.00 80.75 80.77 Nov.28-Dec. 4 420.75 420.92 20.425 20.417 80.80 421.25 20.405 80.70 80.72 Dec. 5-11 421.00 421.13 20.425 80.75 421.00 20.415 20.423 80.70 80.70 Dec. 12-18 420.50 420.75 20.42 80.70 420.50 20.415 20.417 80.75 80. S3 Dec. 19-25 420.25 420.42 421.00 20.42 20.40 20.408 80.90 80.90 Dec. 26-Jan. 1,1899. 80.93 420.25 420.50 20.42 20.41 20.413 81.00

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. 257~~

~~TABLE No. 5.—QUOTED RATES OF FOREIGN EXCHANGE ON NEW YORK, LONDON, AND PARIS, WEEKLY, 1898-1907—Continued.~~

~~Exchange rate in marks on-~~

~~Week of— New York (sight draft, $100). London (£1, eight days). Paris (100 francs, eight days).~~

~~Highest. Lowest. Average. Highest. Lowest. Average. Highest. Lowest.~~

1899. Jan. 2-8 421.00 420.75 420.83 20.405 20.40 20.402 81.05- 81.00 Jan. 9-15 420.75 420.75 420.75 20.425 20.40 20.413 81.15 81.05 Jan. 16-22 421.00 420.75 420.83 20.425 20.405 20.413 81.10 81.05 Jan. 23-29 420.75 420.50 420.67 20.415 20.41 20.413 81.10 81.10 Jan. 30-Feb. 5.... 420.50 420.00 420.33 20.415 20. 405 20.41 81.15 81.10 Feb. 6-12 420.00 419.75 419.83 20.41 20.40 20.405 81.05 81.00 Feb. 13-19 419.50 419.00 419.25 20.395 20.39 20.393 81.00 80.95 Feb. 20-26 419.00 418.75 418.92 20.405 20.395 20.402 81.00 81.00 Feb.27-Mar. 5... 419.75 418.75 419.25 20.405 20.40 20.403 80.95 80.95 Mar. 6-12 419.75 419.75 419.75 20.405 20.40 20.402 80.95 80.85 Mar. 13-19 420.00 419.75 419.83 20.405 20.40 20.402 80.95 80.90 Mar. 20-26 420.00 419.75 419.92 20. 405 20.40 20.403 80.95 80.85 Mar. 27-Apr. 2... 419.50 419.00 419.25 20.405 20.40 20.402 80.95 80.90 Apr. 3-9 419.75 419.00 419.33 20.44 20.405 20.42 81.00 80.95 Apr. 10-16 420.00 419.50 419.75 20.44 20.43 20.435 81.10 81.05 Apr. 17-23 419.25 419.00 419.17 20.425 20.415 20.42 81.05 81.05 Apr. 24-30 419.25 418.50 418.92 20.42 20.415 20.418 81.05 81.00 May 1-7 418.50 418.25 418.38 20.43 20.425 20.427 81.10 81.05 May 8-14 419.00 419.00 419.00 20.44 20.43 20.435 81.10 81.10 May 15-21 419.25 418.75- 418.92 20.435 20.43 20.432 81.15 81.10 May 22-28 418.75 418.25 418.50 20.44 20.435 20.438 81.10 81.10 May 29-June 4... 418.50 418.25 418.42 20.435 20.43 20. 433 81.10 81.10 June 5-11 418.50 418.50 418.50 20.43 20.43 20.43 81.10 81.10 June 12-18 418.50 418.25 418.42 20.43 20.42 20.425 81.10 81.10 June 19-25 418.00 417.75 417.92 20.425 20.41 20. 418 81.10 81.05 418.00 June26-July2... 418.25 418.08 20.425 20.42 20.422 81.10 81.05 418.50 418.00 418.25 81.10 81.05 July 3-9 20.43 20.41 20.418 419.50 418.75 419.17 81.15 81.15 July 10-16 20. 465 20.44 20. 448 419.75 419.50 419.58 81.15 81.10 July 17-23 20.48 20.46 20.47 419.75 419.75 419.75 81.15 81.15 July 24-30 20.485 20.475 20.482 421.00 420.25 420.67 81.20 81.15 July31-Aug. 6... 20.49 20.485 20.488 421.00 421.00 421.00 20.48 81.15 81.10 Aug. 7-13 20.485 20.475 420.75 420.00 420.38 20. 457 81.05 81.00 Aug. 14-20 20.46 20.45 420.25 420.00 420.17 20.453 81.00 81.00 Aug. 21-27 20.455 20.45 420.50 420.00 420.17 20. 448 81.00 81.00 Aug. 28-Sept. 3.. 20.45 20.445 420.25 420.25 420.25 20.443 81.00 80.90 Sept. 4-10 20.445 20.44 420. 50 420.50 420.50 20.435 80.90 80.90 Sept. 11-17 20.44 20.43 420.50 420.25 420.38 20.437 80.90 80.90 Sept. 18-24 20.44 20.435 420.50 420.50 420.50 20.435 80.90 80.80 Sept. 25-Oct. 1... 20. 445 20.43 421.00 420.75 420.83 20.47 80.95 80.90 Oct. 2-8 20.48 20.46 420.50 419. 50 420.00 20.462 80.95 80.90 Oct. 9-15 20.47 20.455 419.25 418.75 419.00 20. 445 80.95 80.95 Oct. 16-22 20.445 20.445 419. 00 418.92 20.435 80.95 80.95 Oct. 23-29 418. 75 20. 445 20.425 419.50 419.33 20.423 81.05 81.00 Oct. 30-Nov. 5... 419.25 20.43 20.42 419.75 419.42 20.422 81.05 80.95 Nov.6-12 419.25 20.43 20. 415 420.00 419.92 20. 413 80.95 80.90 Nov. 13-19 419.75 20. 415 20.41 420.25 420.08 20.417 80.95 80.80 Nov. 20-26 420.00 20.42 20.415 419.75 419.63 20.423 80.90 80.85 Nov.27-Dec.3... 419. 50 20.435 20.415 420.00 419.88 20.45 80.95 80.90 Dec. 4-10 419.75 20.46 20.44 420.25 420.25 20.497 81.05 81.00 Dec. 11-17 420.25 20.505 20.49 420.50 420.25 20.518 81.15 80.90 Dec. 18-24 420.00 20.545 20.505 420.50 420.38 20.543 81.30 81.15 Dec. 25-31 420.25 20.565 20.52

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Federal http://fraser.stlouisfed.org/ Digitized Reserve for FRASER Bank of St.~~

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~~poc»c»ooc»ooc»ooooooc»coooc»c»c»c»c»c»c»ooc»ooc»ooc» STATISTICS FOR GERMANY. 259~~

~~TABLE No. 5.—QUOTED RATES OF FOREIGN EXCHANGE ON NEW YORK, LONDON, AND PARIS, WEEKLY, 1898-1907—Continued.~~

~~Exchange rate in marks on-~~

~~Week of— New York (sight draft, $100). London (£1, eight days). Paris (100 francs, eight days).~~

~~Highest. Lowest. Average. Highest. Lowest. Average. Highest. Lowest.~~

1901. Dec. 31, 1900-Jan. 6 . 419.25 419.25 419.25 20.42 20.395 20.412 81.45 81.35 Jan. 7-13 419.25 418.75 419.00 20.435 20.43 20.432 81.45 81.40 Jan. 14-20 419.00 418.75 418.92 20.43 20.43 20.43 81.40 81.40 Jan. 21-27 419.00 41O.00 419.00 20.445 20.435 20.438 81.40 81.40 Jan. 28-Feb. 3 419.00 419.00 419.00 20.465 20.455 20.458 81.40 81.40 Feb. 4-10 419 25 419.00 419.08 20.465 20.46 20.462 81.35 81.30 Feb. 11-17 20.47 20.465 20.467 81.25 81.20 Feb. 18-24 419.50 419.50 419.50 20.46 20.45 20.457 81.15 81.10 Feb.25-Mar. 3 419.50 419.50 419.50 20.46 20.455 20.458 81.15 81.15 Mar. 4-10 419.50 419.25 419.33 20.45 20.44 20.445 81.15 81.15 Mar. 11-17 419.50 418. 75 419.17 20.445 20.435 20.438 81.10 81.10 Mar. 18-24 418.00 418.00 418.00 20.42 20.41 20.415 81.05 81.05 Mar. 25-31 417.75 417.75 417.75 20.41 20.41 20.41 81.10 81.05 Apr. 1-7 417.75 417.50 417.62 20.41 20.405 20 407 81.15 81.05 Apr. 8-14 417.75 417.75 417.75 20.42 20.41 20.413 81.10 81.10 Apr. 15-21 417.75 417.50 417.58 20.405 20.405 20.405 81.10 81.10 Apr. 22-28 417.50 417.50 417.50 20.41 20.41 20.41 81.15 81.10 Apr. 29-May5 418.00 417.50 417.75 20.425 20.41 20.418 81.20 81.15 May 6-12 418.25 418.00 418.17 20.435 20.425 20.43 81.25 81.2P May 13-19 418.25 417.75 418.00 20.45 20.445 20.448 81.35 81.30 May 20-26 418.25 418.25 418.25 20.445 20.44 20.442 81.25 81.20 May 27-June 2 418.00 418.00 418.00 20.445 20.435 20.44 81.25 81-20 June 3-9 418.00 417.50 417.75 20.425 20.42 20.422 81.15 81.05 June 10-16 417.50 417.25 417.42 20.42 20.39 20.407 80.95 80.90 June 17-23 417.25 417.00 417.17 20.395 20.38 20.387 80,95 80.90 June 24-30 417.50 417.00 417.25 20.395 20.375 20.382 80.90 80.90 July 1-7 417.50 417.25 417.33 20.38 20.38 20.38 81 00 80.90 July 8-14 418.00 417.50 417.67 20.385 20.375 20.38 81.00 80.95 July 15-21 418.25 418.00 418.17 20.40 20.39 20.395 81.00 81.00 July 22-28 418.50 418.25 418.33 20.41 20.41 20.41 81.10 81.05 418.25 July 29-Aug. 4 418.25 418.25 20.43 20.41 20.42 81.10 81.05 418.50 418.25 418.33 Aug. 5-11 20.44 20.43 20.435 81.10 81.10 418.50 418.25 418.42 Aug. 12-18 20.44 20.415 20.425 81.05 80.95 419.25 419.00 419.08 81.00 80.95 Aug. 19-25 20.425 20.41 20.417 419.50 419.00 419.25 81.05 81.00 Aug. 26-Sept. 1 20.415 20.41 20.412 420.50 420.00 420.25 81.00 81.00 Sept. 2-8 20.41 20.405 20.408 420.75 420.50 420.58 81.00 80.95 Sept. 9-15 20.41 20.41 20.41 420.50 420.50 420.50 80.90 80.80 Sept. 16-22 20.395 20.39 20.392 420.00 419.25 419.42 80.80 80.80 Sept. 23-29 20.38 20.37 20.375 419.50 419.25 419.42 80.90 80.80 Sept. 30-Oct. 6 20.37 20.37 20.37 419.00 418.50 418.75 81.05 80.95 Oct. 7-13 20.365 20.365 20.365 418.75 418.50 418.58 81.05 81.05 Oct. 14-20 20.36 20.36 20.36 418.00 418.00 418.00 81.20 81.15 Oct. 21-27 20.37 20.36 20.365 418.50 418.00 418.25 81.25 81.25 Oct. 28-Nov. 3 20.395 20.375 20.385 418.50 418.50 418.50 81.25 81.25 Nov. 4-10 20.405 20.385 20.395 418.25 418.25 418.25 81.25 81.20 Nov. 11-17 20.415 20.405 20.41 418.50 418.25 418.33 81.20 81.15 Nov. 18-24 20.42 20.42 20.42 419.00 418.50 418.75 81.20 81.15 Nov. 25-Dec. 1 20.415 20.41 20.413 418.50 418.25 418.33 81.20 81.20 Dec. 2-8 20,41 20.40 20.407 419.25 418.75 419.00 81.20 81.20 Dec. 9-15 20.40 20.395 20.398 418.50 418.00 418.33 81.10 81.00 Dec. 16-22 20.385 20.37 20.377 418.00 418.00 418.00 81.05 81.00 Dec. 23-29 20.37 20.365 20.367

~~72138—10~~

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 260 NATIONAL MONETARY COMMISSION.~~

~~TABLE No. 5.—QUOTED RATES OF FOREIGN EXCHANGE ON NEW YORK, LONDON, AND PARIS, WEEKLY, 1898-1907—Continued.~~

~~Exchange rate in marks on-~~

~~Week of— New York (sight draft, $100). London (£1, eight days). Paris (100 francs, eight days).~~

~~Highest. Lowest. Average. Highest. Lowest. Average. Highest. Lowest. Average.~~

1902. 1 Dec. 30,1901-Jan. 5 418.25 418.25 418.25 20.39 20.385 20.387 81.15 81.10 81.13 2 Jan. 6-12 418.50 418.25 418.33 20.41 20.39 20.40 81.25 81.15 81.20 3 Jan. 13-19 418.50 418.50 418.50 20.405 20.395 20.40 81.25 81.20 81.22 4 Jan. 20-26 418.75 418.50 418.67 20.40 20.40 20.40 81.30 81.20 81.25 5 Jan. 27-Feb. 2 419.25 418.75 419.00 20.43 20.42 20.427 81.40 81.30 81.35 1 6 Feb. 3-9 419.00 418.75 418.88 20.43 20.415 20.422 81.40 81.25 81.32 Feb. 10-16 419.25 419.00 419.17 20.44 20.435 20.438 81.30 81.30 81.30 | 7 Feb. 17-23 419.50 419.50 419.50 20.47 20.45 20.46 81.40 81.30 81.37 8 Feb. 24-Mar. 2 419.25 419.00 419.17 20.465 20.46 20.462 81.40 81.35 81.38 9 Mar. 3-9 419.50 419.25 419.38 20.47 20.465 20.467 81.40 81.40 81.40 10 Mar. 10-16 419.50 419.25 419.42 20.46 20.445 20- 452 81.40 81.30 81.35 11 Mar. 17-23 419.25 419.00 419.08 20.455 20.445 20.448 81.30 81.25 81.27 12 Mar. 24-30 419.00 418.50 418.75 20.455 20.435 20.443 81.25 81.25 81.25 13 Mar. 30-Apr. 6 418.75 418.50 418.58 20.44 20.43 20.433 81.25 81.25 81.25 14 Apr. 7-13 419.25 418.75 419.00 20.465 20.44 20.452 81.35 81.30 81.33 15 16 Apr. 14-20 419.50 419.00 419.33 20.47 20.465 20.467 81.35 81.30 81.33 i 17 Apr. 21-27 419.00 419.00 419.00 20.465 20.465 20.465 81.30 81.30 81.30 18 Apr. 28-May 4 419.25 418.75 419.00 20.47 20.46 20.465 81.30 81.25 81.28 19 May 5-11 419.50 419.50 419.50 20.475 20.47 20.472 81.30 81.30 81.30 20 May 12-18 420.00 419.75 419.92 20.47 20.47 20.47 81.30 81.25 81.27 21 May 19-25 420.00 419.75 419.83 20-47 20.47 20.47 81.25 81.20 81.22 22 May 26-June 1 420.00 419.75 419.83 20.475 20.47 20.472 81.20 81.20 81.20 23 June 2-8 420.25 419.75 419.92 20.475 20.47 20*472 81.20 81.15 81.17 24 June 9-15 420.00 419.75 419.83 20.47 20.455 20.463 81.15 81.15 81.15 25 June 16-22 419.50 419.00 419.25 20.455 20.45 20.452 81.20 81.15 81.17 26 June 23-29 418.75 418.50 418.63 20.45 20.445 20.447 81 25 81.25 81.25 27 June 30-July 6 418.75 418.75 418.75 20.45 20.44 20.443 81.25 81.25 81.25 28 July 7-13 419.25 418.75 419.00 20.46 20.445 20.45 81.35 81.25 81.30 29 July 14-20 419.25 419.25 419.25 20.46 20.455 20.458 81.35 81.30 81.33 419.38 30 July 21-27 419.50 419.25 20.465 20.46 20.462 81.35 81.30 81.33 419.50 31 July 28-Aug. 3 419.50 419.50 20.465 20.465 20.465 81.35 81.35 81.35 419.50 419.42 81.30 81.30 32 Aug. 4-10 419.25 20.475 20.465 20.47 81.30 419.50 419.67 81.30 81.25 33 Aug. 11-17 42a oo 20.47 20.46 20.467 81.28 420.00 420.00 81.30 81.25 34 Aug. 18-24 '. 420.00 20.47 20.465 20.468 81.27 420.00 420.00 81.30 81.30 35 Aug. 25-Sept. 1 420.00 20.47 20.465 20.467 81.30 420.25 420.25 81.30 81.25 36 Sept. 2-7 420.25 20.465 20.46 20.463 81.27 420.50 420.75 81.20 81.20 37 Sept. 8-14 421.00 20.46 20.455 20.458 81.20 ! 420.00 420.42 81.20 81.20 38 Sept. 15-21 420.75 20.445 20.44 20.442 81.20 419.75 419.83 81.20 81.20 39 Sept. 22-28 420.00 20.445 20.44 20.443 81.20 420.00 420.08 81.25 81.20 40 Sept. 29-Oct. 5 420.25 20.445 20.43 20.44 81.23 420.00 420.25 81.30 81.25 41 Oct. 6-12 420.50 20.445 20.44 20.443 81.28 420.50 420.58 81.35 81.30 42 Oct. 13-19 420.75 20.445 20.43 20.438 81.32 419.50 419.75 81.35 81.35 43 Oct. 20-26 420.00 20.435 20.43 20.432 81.35 419.50 419.63 81.40 81.35 44 Oct. 27-Nov. 21 419.75 20.435 20.435 20.435 81.38 419.50 419.50 81.35 81.30 45 Nov.3-9 419.50 20.435 20.43 20.432 81.33 419.25 ! 419.33 81.35 81.35 46 Nov. 10-16 419.50 20.43 20.425 20.428 81.35 419.25 419.25 . 81.35 81.30 47 Nov. 17-23 419.25 20.43 20.42 20.427 81.32 419.00 419.08 81.35 81.30 48 Nov. 24-30 419.25 20.44 20.43 20.433 81.32 419.00 419.08 81.35 81.30 49 Dec. 1-7 419.25 20.44 20.435 20.438 81.32 419.00 419.00 81.30 81.30 50 Dec. 8-14 419.00 20.43 20.43 20.43 81.30 418.75 418.92 81.25 81.20 51 Dec. 15-21 419.00 20.42 20.41 20.415 81.22 418.25 418.58 81.25 81.20 52 Dec. 22-28 418.75 20.415 20.405 20.408 81.22 I 418.25 418.67 81.30 81.20 53 Bee. 29-Jan. 4,1903 419.25 20.435 20.40 20.418 81.25

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. 261~~

~~TABLE No. 5.—QUOTED RATES OF FOREIGN EXCHANGE ON NEW YORK, LONDON, AND PARIS, WEEKLY, 1898-1907—Continued.~~

~~Exchange rate in marks on-~~

~~Week of- New York (sight draft, $100). London (£1, eight days). Paris (100 francs, eight days).~~

~~Highest. Lowest. Average. Highest. Lowest. Average. Highest. Lowest. Average.~~

1903. Jan. 5-11 419.50 419.25 419.42 20.44 20.425 20. 432 81.35 81.30 Jan. 12-18 419. 75 .419. 50 419. 58 20.46 20.45 20.455 81.45 81.40 Jan. 19-25 420.00 419. 75 419. 83 20. 465 20. 465 20. 465 81.40 81.40 Jan. 26-Feb. 1 420.25 420. 00 420.17 20. 475 20.47 20. 478 81.50 81.45 Feb. 2-8 420. 25 420. 00 420. 08 20. 465 20. 465 20.465 81.45 81.40 Feb. 9-15 419. 75 419. 75 419. 75 20. 475 20. 465 20.47 81.45 81.40 Feb. 16-22 419. 75 419. 75 419. 75 20.48 20. 475 20. 477 81.45 81.45 Feb. 23-Mar. 1 420.25 419. 75 420. 00 20.49 20. 485 20. 487 81.50 81.45 Mar. 2-8 420.75 420.50 420. 58 20.49 20. 485 20. 487 81.50 81.50 Mar. 9-15 420.75 420.50 420.67 20. 495 20.48 20. 487 81.50 81.45 Mar. 16-22 420.25 420.00 420.08 20. 475 20. 475 20. 475 81.45 81.40 Mar. 23-29 420. 00 420.00 420. 00 20. 475 20. 475 20. 475 81.45 81.45 Mar. 30-Apr. 5 420. 25 419. 75 420.00 20.48 20. 475 20.477 81.45 8L45 Apr. 6-12 420.50 420.25 420.42 20.49 20. 485 20.488 81.45 81.45 Apr. 13-19 420. 75 420.25 420.50 20. 485 20.485 20. 485 81.45 81.40 Apr. 20-26 420.00 419.50 419. 83 20. 485 20.48 20.482 81.45 81.45 Apr. 27-May 3 419. 50 419.25 419. 42 20.48 20.47 20. 473 81.45 81.40 May 4-10 419.25 419. 00 419. 08 20.47 20.465 20. 463 81.35 81.30 May 11-17 419.25 419. 00 419. 08 20. 455 20.44 20.45 81.30 81.25 May 18-24 418. 75 418. 50 418. 67 20.44 20.44 20.44 81.25 81.20 May 25-31 418.50 418.25 418.42 20.44 20.435 20. 437 81.20 81.20 20.43 81.20 81.20 June 1-7 419. 00 418.25 418. 58 20.43 20.43 20. 417 81.15 81.10 June 8-14 418. 75 ' 418.25 418. 50 20.42 20.41 20. 393 81.10 81.10 June 15-21 418. 50 417.50 417. 92 20. 405 20.38 20. 383 81.15 81.10 June 22-28 417. 75 417.50 417. 67 20.385 20.38 20.378 81.15 81.10 June 29-July 5 418.00 417. 75 417.92 20.38 20. 375 20.37 81.15 81.10 July 6-12 418.00 417. 50 417. 75 20.37 20.37 20.362 81.15 81.10 July 13-19 418. 50 418. 00 418.25 20. 365 20.36 20. 363 81.05 81.05 July 2(^-26 418. 50 418.25 418. 42 20.37 20. 355 20. 368 81.05 81.05 July 27-Aug. 2 419. 00 419.00 419.00 20.37 20. 365 20. 368 81.05 81.00 Aug. 3-9 419.25 419.00 419.13 20.37 20. 365 20. 363 81.00 80.95 Aug. 10-16 419.50 419.25 419.42 20. 365 20.36 20. 358 80.95 80.95 Aug. 17-23 419.25 418. 75 418.92 20.36 20. 355 20.358 80.95 80.95 Aug. 24-30 418. 75 418.75 418. 75 20. 365 20. 355 20.355 80.95 80.95 Aug. 31-Sept. 6 418. 75 418. 75 418. 75 20.36 20.35 20. 357 80.90 80.85 Sept. 7-13 418. 75 418. 50 418. 67 20.36 20. 355 20. 357 80.85 80.80 Sept. 14-20 418. 75 418.25 418.58 20.36 20. 355 20.358 80.85 80.80 Sept. 21-27 418.50 418.00 418. 33 20.36 20. 355 20.37 80.95 80.85 Sept. 28-Oct. 4 419.25 418.25 418. 75 20.385 20.355 20. 392 81.05 81.05 Oct. 5-11 420.00 419.50 419. 75 20. 395 20. 385 20. 397 81.15 81.15 Oct. 12-18 420.00 420.00 420.00 20.40 20. 395 20. 392 81.15 81.15 Oct. 19-25 419. 75 419. 50 419. 67 20. 395 20.39 20. 402 81.20 81.15 Oct. 26-Nov. 1 420.50 419. 75 420.08 20. 405 20.40 20. 407 81.20 81.20 Nov. 2-8 421.00 420.75 420. 92 20.41 20. 405 20.43 81.20 81.20 Nov. 9-15 422.25 421.75 421.92 20.43 20.43 20.423 81.20 81.15 Nov. 16-22 421.75 421.50 421.58 20.425 20.42 20.43 81.15 81.15 Nov. 23-29 422.25 421.50 421.92 20.435 20.425 20.44 81.20 81.20 Nov. 30-Dec. 6 42a 00 422.50 422.75 20.44 20.44 20.435 81.20 81.15 Dec. 7-13 422.75 422.00 422.33 20.44 20.43 20.405 81.15 81.10 Dec. 14-20 421.75 420.00 420.83 20.41 20. 395 20.40 81.20 81.10 Dec. 21-27 421.25 420.50 420.88 20.41 20.39 20.41 81.20 81.15 Dec. 28-Jan. 3,1904 421.25 420.75 421.08 20. 415 20.40

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 262 NATIONAL MONETARY COMMISSION.~~

~~TABLE No. 5.—QUOTED RATES OF FOREIGN EXCHANGE ON NEW YORK, LONDON, AND PARIS, WEEKLY, 1898-1907—-Continued.~~

~~Exchange rate in marks on-~~

~~Week of— New York (sight draft, $100). London (£1, eight days). Paris (100 francs, eight days).~~

~~Highest. Lowest. Average. Highest. Lowest. Average. Highest. Lowest.~~

1904. Jan. 4-10 421.00 420.50 420.67 20.43 20.42 20.425 81.20 81.20 Jan. 11-17 421.00 420.75 420.83 20.441 20.445 20.442 81.25 81.25 Jan. 18-24 421.00 420.50 420.75 20.455 20.45 20.452 81.35 81.30 Jan. 25-31 421.50 421.25 421.42 20.48 20.465 20.472 81.40 81.35 Feb. 1-7 421.50 421.50 421.50 20.475 20.47 20.472 81.40 81.35 Feb. 8-14 421.75 421.50 421.67 20. 495 20.49 20.493 81.35 81.30 Feb. 15-21 421.75 421.00 421.42 20.49 20.465 20.48 81.40 81.25 Feb. 22-28 420.50 420.25 420.33 20. 475 20.465 20.47 81.35 81.30 Feb. 29-Mar. 6 420.25 419.75 420.00 20.445 20.445 20. 445 81.30 81.25 Mar. 7-13 420.00 419.50 419.75 20.44 20.43 20.435 81.25 81.20 Mar. 14-20 419.50 419.00 419.25 20.425 20.415 20.422 81.30 81.25 Mar. 21-27 418.75 418.75 418 75 20.425 20.415 20. 418 81.25 81.25 Mar. 28-Apr. 3 419.25 419.00 419.17 20.44 20.43 20.435 81.40 81.30 Apr. 4-10 419.50 419.25 419.42 20.445 20.44 20.443 81.40 81.40 Apr. 11-17 419.25 419.25 419.25 20.44 20.435 20.438 81.40 81.35 Apr. 18-24 419.00 419.00 419.00 20.425 20.415 20.418 81.30 81.25 Apr. 25-May 1 419.25 419.00 419.17 20.425 20.415 20.42 81.35 81.30 May 2-8 419.25 419.00 419.17 20. 415 20.41 20.413 81.30 81.30 May 9-15 418.75 418.75 418.75 20.41 20. 405 20. 408 81.30 81.30 May 16-22 418.75 418.50 418.67 20.39 20.385 20.388 81.25 81.25 418.58 May 23-29 418.75 418.50 20.39 20.38 20.383 81.20 81.20 418.75 418.50 418.58 20.39 May 30- June 5 20.40 20.395 81.20 81.15 418.50 418.25 418.33 20.395 June 6-12 20.40 20.397 81.05 80.95 418. 50 418.25 418.42 20.385 June 13-19 20.395 20.39 80.95 80.85 418.25 418.00 418.08 20.38 80.90 June 20-26 20.39 20.385 80.95 418.25 418.00 418.08 20.385 80.90 June27-July 3 20.39 20.388 80.95 418. 50 418.25 418. 42 20.39 80.90 July 4-10 20.40 20.395 81.00- 418.75 418.25 418.50 20.395 80.90 July 11-17 20.405 20.398 80.95 419.25 419.00 419.08 20.42 80.95 July 18-24 20.44 20.428 81.00 418.75 418.50 418.67 20.45 81.00 July 25-31 20.455 20. 452 81.00 418.75 418.75 418. 75 20. 445 81.00 Aug. 1-7 20.455 20.45 81.00 418.75 418.50 418.67 20.45 81.00 Aug. 8-4 20.465 20.457 81.00 418.75 418.25 418.58 20.44 80.95 Aug. 15-21 20.45 20.445 81.00 418.50 418.50 418. 50 20.435 80.95 Aug. 22-28 20. 455 20.443 80.95 419.25 419.00 419.08 20.43 80.95 Aug. 29-Sept. 4 20.44 20. 433 80.95 419.00 418.75 418.92 20. 415 80.90 Sept. 5-11 20.42 20. 413 80.90 419.00 419.00 419.00 20.395 80.85 Sept. 12-18 20.40 20.398 80.95 419.50 419.00 419.25 20.38 80.85 Sept. 19-25 20.395 20.388 80.95 419.50 419.25 419.33 20.38 80.95 Sept. 26-Oct. 2 20.385 20.382 81.05 419.50 419.25 419.42 20.37 81.00 Oct. 3-9 20.375 20.373 81.05 419.25 418.50 418.92 20.335 80.95 Oct. 10-16 20.36 20.348 81.00 418.25 417.75 418.00 20.335 80.95 Oct. 17-23 20.34 20.338 81.00 418. 00 417.50 417.75 20.325 80.95 Oct. 24-30 20.335 20.328 81.05 418.00 417.75 417.83 20.33 80.95 Oct. 31-Nov. 6 20.34 20.335 81.00 418.00 417.75 417.83 20.345 80.95 Nov. 7-13 20.35 20.347 81.00 417.75 417.50 417. 67 20.345 80.95 Nov. 14-20 20.35 20.348 418.00 417.50 417.75 20.35 81.00 80.95 Nov. 21-27 20.365 20.357 418.50 418.25 418.33 20.365 81.00 80.95 Nov. 28-Dec. 4 20.37 20.367 418.50 418.25 418.33 20.36 81.00 80.95 Dec. 5-11 20.37 20.365 418.00 417.50 417.75 20.345 80.95 80.90 Dec. 12-18 20.35 20.347 417.75 417.25 417.50 20.355 80.95 80.95 Dec. 19-25 20.37 20.363 417.75 417.50 417.58 20.365 81.00 81.00 Dec. 26-Jan. 1,1905. 20.37 20.367 81.05

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Federal http://fraser.stlouisfed.org/ Digitized Reserve for FRASER Bank of~~

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~~TABLE No. 5.—QUOTED RATES OF FOREIGN EXCHANGE ON NEW YORK, LONDON, AND PARIS, WEEKLY, 1898-1907—Continued.~~

~~Exchange rate in marks on-~~

~~Week of— New York (sight draft, $100). London (£1, eight days). Paris (100 francs, eight days).~~

~~Highest. Lowest. Average. Highest. Lowest. Average. Highest. Lowest.~~

1906. Jan. 1-7 419.00 418.75 418.92 20.405 20.39 20.398 81.35 81.30 Jan. 8-14 419.25 418.75 418.92 20.425 20.40 20.412 81.35 81.35 Jan. 15-21 419.25 419.00 419.08 20.45 20.42 20.433 81.35 81.35 Jan. 22-28 419.25 419.00 419.17 20.47 20.45 20.463 81.45 81.40 Jan. 29-Feb. 4.... 419.50 419.50 419.50 20.47 20t465 20.467 81.50 81.50 Feb. 5-11 419.75 419.50 419.67 20.49 20.475 20.482 81.50 81.45 Feb. 12-18 420.75 420.25 420.42 20.48 20.48 20.48 81.50 81.45 Feb. 19-25 421.00 420.50 420.67 20.48 20.475 20.477 81.50 81.45 Feb.26-Mar. 4... 421.00 420. 75 420.92 20.475 20.47 20.473 81.50 81.50 Mar. 5-11 421.00 420.75 420.83 20.465 20.46 20.463 81.45 81.40 Mar. 12-18 421.25 420.75 420.92 20.465 20.46 20.462 81.40 81.40 Mar. 19-25 421.00 420.75 420.92 20.46 20.455 20.457 81.45 81.45 Mar. 26-Apr. 1... 421.00 421.00 421.00 20.465 20.465 20.465 81.50 81.45 Apr. 2-8 421.25 421.00 421.08 20.465 20.465 20.465 81.50 81.50 Apr. 9-15 421.75 421.50 421.63 20.47 20.46 20.465 81.55 81.50 Apr. 16-22 421.75 421.25 421.50 20.47 20.47 20.47 81.60 81.50 Apr. 23-29 422.00 421.75 421.83 20.475 20.465 20.472 81.45 81.40 Apr. 30-May6.... 423.00 422.50 422.75 20.495 20.48 20.49. 81.55 81.45 May 7-13 422.50 421.50 421.92 20.505 20.49 20.50 81.50 81.40 May 14-20 421.50 421.50 421.50 20.475 20.46 20.468 81.35 81.30 May 21-27 422.00 421.75 421.92 20.49 20.48 20.483 81.35 81.35 May 28-June 3... 421.75 421.75 421.75 20.485 20.485 20.485 81.35 81.35 June 4-10 421.75 421.00 421.42 20.48 20.46 20.472 81.35 81.35 June 11-17 420.75 420.50 420.67 20.465 20.455 20.46 81.35 81.25 421.00 421.25 June 18-24.., 421.50 20.47 20.45 20.457 81.35 81.25 421.50 421.58 June 25-July 1... 421.75 20.47 20.46 20.467 81.40 81.30 421.50 421.83 July 2-8 422.00 20.46 20 445 20.452 81.40 81.35 421.75 421.75 421.75 July 9-15 20.455 20.45 20.452 81.35 81.30 421.75 421.75 421.75 July 16-22 20.455 20.45 20.452 81.35 81.30 421.50 421.25 421.33 July 23-29 20.46 20.45 20.455 81.40 81.35 421.25 421.00 421.17 81.40 July30-Aug. 5... 20.455 20.45 20.453 81.35 421.50 421.00 421.17 81.35 Aug. 6-12 20.46 20.45 20.457 81.25 421.50 421.00 421.33 81.25 Aug. 13-19 20.45 20.44 20.445 81.20 421.75 421.25 421.58 81.25 Aug. 20-26 20.455 20.435 20.448 81.20 422.25 421.75 422.00 81,25 81.25 Aug. 27-Sept. 2... 20.46 20.45 20.457 422.50 422.00 422.17 81.25 81.20 Sept. 3-9 20.445 20.435 20.44 421.75 421.00 421.42 81.15 81.10 Sept. 10-16 20.44 20.43 20.435 421.50 420.75 421.17 81.05 81.00 Sept. 17-23 20.42 20.42 20.42 421.50 421.00 421.25 81.15 81.10 Sept. 24-30 20.43 20.42 20.425 421.50 421.25 421.33 81.20 81.15 Oct. 1-7 20.44 20.42 20.43 421.00 420.50 420.75 81.15 81.15 Oct. 8-14 20.45 20.42 20.437 421.25 421.25 421.25 81.15 81.15 Oct. 15-21 20.465 20.435 20.448 421.00 420.50 420.75 81.20 81.20 Oct. 22-28 20.485 20.48 20.482 421.25 420.75 421.00 81.25 81.25 Oct. 29-Nov.4... 20.48 20.48 20.48 421.25 421.00 421.17 81.30 81.20 Nov. 5-11 20.49 20.485 20.488 421.25 421.00 421.17 81.15 81.10 Nov. 12-18 20.485 20.48 20.483 421.00 420.75 420.92 81.15 81.10 Nov. 19-25 20.485 20.475 20.482 421.25 421.00 421.08 81.20 81.15 Nov. 26-Dec. 2... 20.48 20.475 20.478 421. 75 421.50 421.58 81.15 81.10 Dec. 3-9 20.465 20.465 20.465 421. 75 421.75 421.75 81.15 81.10 Dec. 10-16 20.475 20.46 20.47 421. 75 421.25 421.50 81.15 81.10 Dec. 17-23 20.48 20.45 20.462 421.50 421.25 421.42 81.15 81.15 Dec. 24-30 20.475 20.465 20.47

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis STATISTICS FOR GERMANY. 265 t TABLE No. 5.—QUOTED RATES OF FOREIGN EXCHANGE ON NEW YORK, LONDON, AND PARIS, WEEKLY, 1898-1907—Continued.

~~Exchange rate in marks on—~~

~~Week of— New York (sight draft, 8100). London (£1, eight days). Paris (100 francs, eight days).~~

~~Highest. Lowest. Average. Highest. Lowest. Average. Highest. Lowest. Average.~~

1907. Dec. 31-Jan. 6.... 421.50 421.25 421.33 20.48 20.46 20.468 81.25 81.20 81.23 Jan. 7-13 421.50 421.25 421.42 20.47 20.45 20.462 81.25 81.25 •81.25 Jan. 14-20 421.50 421.25 421.33 20.475 20.465 20.47 81.25 81.20 81.23 Jan. 21-27 421.50 421.00 421.33 20.49 20. 475 20.483 8L30 81.25 81.27 Jan. 28-Feb. 3.... 422.25 421.75 422.00 20.50 20.49 20.492 81.30 81.30 81.30 Feb. 4-10 422.25 422.00 422.17 20.495 20.485 20.49 81.30 81.25 81.27 Feb. 11-17 422.50 422.25 422. 33 20. 495 20.485 20.49 81.20 81.15 81.18 Feb. 18-24 422.50 422.25 422.42 20.49 20. 485 20. 487 81.15 81.15 81.15 Feb. 25-Mar. 3... 422.50 422.25 422.33 20.49 20. 485 20. 487 81.20 81.15 81.17 Mar. 4-10 422.75 422.25 422. 50 20. 495 20.475 20. 482 81.05 81.00 81.03 Mar. 11-17 423.00 422.75 422.83 20. 495 20.49 20. 492 81.00 80.90 80.97 Mar. 18-24 423.00 422.50 422.75 20.485 20.48 20.482 81.05 80.90 80.97 Mar. 25-31 423.25 42a 00 423.08 20.50 20.485 20.493 81.15 81.10 81.12 Apr. 1-7 423.00 422.00 422.50 20.495 20.495 20.495 81.15 81.15 81.15 Apr. 8-14 421.50 421.25 421.33 20. 495 20.455 20.477 81.15 81.10 81.13 Apr. 15-21 421.00 420.75 420.92 20.465 20.455 20.46 81.20 81.15 81.17 Apr. 22-28 420.75 420.25 420.50 20. 455 20.44 2a 447 81.35 81.25 81.30 Apr. 29-May5.... 420.75 420.25 420.50 20.46 20.445 20.452 81.35 81.30 81.32 May 6-12 420.50 419. 75 420.08 20. 445 20.44 20. 443 81.35 81.30 81.32 May 13-19 420.50 419.50 420.00 20. 445 20.43 20.437 81.35 81.25 81.30 May 20-26 419.75 419.25 419.50 20.44 20.425 20.43 81.35 81.30 81.33 May 27-June 2... 419.75 419. 75 419.75 "20. 445 20.42 20.435 81.40 81.35 81.37 June 3-9 419.75 419.50 419. 67 20.44 20.44 20.44 81.35 81.35 81.35 June 10-16 419.50 419.25 419.42 20. 445 20.44 20.442 81.50 81.30 81.38 June 17-23 419.25 419.00 419.08 20.44 20.44 20.44 81.30 81.30 81.30 June 24-30 419.25 418.75 419.00 20.44 20.43 20. 437 81.30 81.30 81.30 July 1-7 419.25 418.75 419.00 20.425 20.42 20.422 81.30 81.25 81.27 July 8-14 419.50 418.75 419.08 20.44 20.425 20.43 81.30 81.25 81.28 July 15-21 419.75 419.50 419.67 20.445 20.44 20. 443 81.30 81.30 81.30 July 22-28 419.50 419.25 419. 33 20.45 20.435 20.442 81.30 81.25 81.28 July 29-Aug. 4... 419.75 419.50 419.67 20.445 20.445 20. 445 81.35 81.30 81.32 Aug. 5-11 420.25 420.00 420.08 20.455 20.45 20. 453 81.35 81.30 81.33 Aug. 12-18 420.25 420.00 420.08 20.485 20. 465 20. 477 81.40 81.40 81.40 Aug. 19-25 420.25 420.25 420.25 20. 505 20.49 20. 497 81.45 81.35 81.40 Aug. 26-Sept. 1... 420.50 420.25 420. 33 20.49 20.475 20. 483 81.45 81.40 81.43 Sept. 2-8 420.75 420.25 420.50 20. 465 20.45 20.46 81.40 81.40 81.40 Sept. 9-15 420.75 420.50 420. 58 20.45 20.44 20. 412 81.35 81.35 81.35 Sept. 16-22 420.75 420.50 420.67 20.44 20.435 20. 437 81.35 81.30 81.32 Sept. 23-29 . 420. 75 420.25 420. 50 20.44 20. 435 20. 433 81.35 81.30 81.33 Sept. 30-Oct. 6... 420.50 420.50 420.50 20. 455 20.435 20. 445 81.40 81.40 81.40 Oct. 7-13 420.50 420.50 420. 50 20. 465 20. 455 20. 462 81.50 81.45 81.48 Oct. 14-20 420.75 420.25 420.50 20.47 20.46 20. 465 81.50 81.45 81.47 Oct. 21-27 422.50 421.00 421.67 20. 495 20.47 20. 482 81.65 81.55 81.58 Oct. 28-Nov. 3... 422.75 421. 00 421.92 20.51 20.50 20. 505 81.65 81.60 81.62 Nov. 4-10 420.75 419.25 420.25 20.55 20. 515 20.53 81.55 81.45 81.52 Nov. 11-17 420.00 419.50 419. 67 20.55 20.50 20.523 81.45 81.40 81.42 Nov. 18-24 420. 75 420.25 420.42 20. 545 20. 525 20. 5331 81.45 81.40 81.43 Nov. 25-Dec. 1... 420. 50 420. 00 420.25 20. 535 20.50 20. 515 81.45 81.40 81.42 Dec. 2-8 420.75 420.50 420. 67 20.48 20. 465 20. 475 81.45 81.40 81.42 Dec. 9-15 421.00 420.75 420. 92 20. 495 20.48 20.488 81.40 81.40 81.40 Dec. 16-22 420.50 419. 50 419. 92 20. 475 20. 475 20.475 81.40 81.35 81.37 Dec. 23-29 420.00 419.50 419.83 20.485 20.47 20. 478 81.45 81.45 81.45

~~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis~~