A Report on German Gold

A Report on German Gold

Strong, Benjamin, 1872-1928

WWP18763

1919 June 1

A report on German gold due to be sold to the American government.

Benjamin Strong Jr. Papers, New York Federal Reserve Bank

English

NEDERLANSCHE BANK WEIGHT                   GERMAN WEIGHT
Lot  Kilograms Grams Troy Ounces Kilograms  Grams Difference
1st   7943       906       255,492.3 (5) 
2d    7945       565-1/2 255,455.672      7945   5706      5.1
3d    7945      705-1/2  255,460.175      7945   773-1/2  68.
4th   7945      317        255,469.8989    7945   
5th   7946      8           255,466.5231    7945   998-1/2  9.1/2
6th   7945      903        255,466.5231    7946   93,6  ?   190.6
7th   7945      2725       255,446.252     7945   4138      141.3

ADVANCES MADE BY F. R. BANK

Against gold in Brussels,                           $63,396,897.47
Against Lots 1 to 6 inc. in Amsterdam           26,234,103.78
Against Lots 7                                           4,372,285.02
                                                           94,003,286.27
     Estimated advances Lots 8 to 10 incl.       13,117,023.75
     Being 92% of supposed value of 
       (Mks 290,000,000 Brussels)
       (Mks 200,000,000 Amsterdam)             $107,120,310.02

    92% advance on 490,000,000 mks equals  $107,120,310.02
    92%  "    " 240,000,000 " estimated say      52,500,000
    Total to be advanced on 92% basis (est.)   $159,620,310.02

Miscellaneous