Benjamin Strong Jr. to William G. McAdoo
Title
Benjamin Strong Jr. to William G. McAdoo
Creator
Strong, Benjamin, 1872-1928
Identifier
WWP18462
Date
1914 September 19
Description
A memorandum on the federal gold reserves.
Source
Benjamin Strong Jr. Papers, New York Federal Reserve Bank
Contributor
Federal Reserve Board
Language
English
Text
Gentlemen:
Referring to our report of this date:We have made the following calculations of contributions to a fund of $100,000,000, based upon the figures submitted at our meeting today, and suggest that you adopt them in case you approve the plan and decide to carry it out:
Banking institutions in New York City ....$45,000,000
Chicago..............$16,000,000
Philadelphia.........$8,000,000
Boston................7,000,000
St. Louis.............5,000,000
Albany............No returns.
Atlanta................500,000
Baltimore...........1,000,000
Cedar Rapids....... 50,000
Cincinnati...........1,500,000
Cleveland...........1,750,000
Columbus........... 500,000
Dallas............... 500,000
Denver.............. 1,000,000
Des Moines......... 200,000
Detroit.............. 750,000
Dubuque...........No returns.
Fort Worth......... 50,000
Galveston.......... 100,000
Houston............ 500,000
Indianapolis....... 500,000
Kansas City, Mo.. 1,000,000
Kansas City, Kan.No returns.
Lincoln, Neb....... 50,000
Los Angeles....... 1,000,000
Louisville.......... 500,000
Milwaukee........ 1,000,000
Minneapolis....... 1,250,000
Muskegee......... 50,000
New Orleans..... 600,000
Oklahoma City.. 100,000
Referring to our report of this date:We have made the following calculations of contributions to a fund of $100,000,000, based upon the figures submitted at our meeting today, and suggest that you adopt them in case you approve the plan and decide to carry it out:
Banking institutions in New York City ....$45,000,000
Chicago..............$16,000,000
Philadelphia.........$8,000,000
Boston................7,000,000
St. Louis.............5,000,000
Albany............No returns.
Atlanta................500,000
Baltimore...........1,000,000
Cedar Rapids....... 50,000
Cincinnati...........1,500,000
Cleveland...........1,750,000
Columbus........... 500,000
Dallas............... 500,000
Denver.............. 1,000,000
Des Moines......... 200,000
Detroit.............. 750,000
Dubuque...........No returns.
Fort Worth......... 50,000
Galveston.......... 100,000
Houston............ 500,000
Indianapolis....... 500,000
Kansas City, Mo.. 1,000,000
Kansas City, Kan.No returns.
Lincoln, Neb....... 50,000
Los Angeles....... 1,000,000
Louisville.......... 500,000
Milwaukee........ 1,000,000
Minneapolis....... 1,250,000
Muskegee......... 50,000
New Orleans..... 600,000
Oklahoma City.. 100,000
Original Format
Miscellaneous
To
McAdoo, W. G. (William Gibbs), 1863-1941
Files
Collection
Citation
Strong, Benjamin, 1872-1928, “Benjamin Strong Jr. to William G. McAdoo,” 1914 September 19, WWP18462, Benjamin Strong Jr. Papers, Woodrow Wilson Presidential Library & Museum, Staunton, Virginia.