Cr. By packages referred to other offices and returned by mail By shorts" reported in banknotes received for redemption. By counterfeits rejected and returned By stolen, pieced, and rejected notes returned By National-Bank Notes fit for circulation deposited in the Treasury By notes of failed, liquidating, and reducing banks deposited in the Treasury. By assorted National BankNotes fit for circulation returned to the several National Banks By assorted National Bank Notes unfit for circulation delivered to the Comptroller of the Currency for replace. ment with new notes By Cash Balance June 30, 1877 . Total A mount. $3,964, 463 45 66,103 19 14,563 00 27, 493 25 15,952, 791 00 55,946, 817 00 263,762,500 00 256,271,200 00 11, 505,312 52 607, 511,243 41 Dr. To Cash Balance July 1, 1876 To National-Bank Notes received for redemption... To United States Notes drawn from the Treasury for redemp tion of bank notes . at the counter.. 2. FOR THE FISCAL YEAR. Amount. $7,942, 539 00 236, 210, 375 14 To "overs" reported in banknotes received for redemption... 6, 675, 000 00 24,996 58 Total $1,278, 903 86 29, 704 43 5,634 00 4,755 91 24,439, 700 00 151,070, 300 00 62, 518, 600 00 250, 852, 910 72 C.-Number and amount of notes of each denomination redeemed and assorted. D.-Comparative statement of redemption of national-bank notes. *Only banks in these cities were paid by checks. The contract with the express company forbids the furnishing of exchange for bank-notes redeemed. 208,955, 392 00 241, 591, 373 52 11, 820, 660 85 Redeemed at the counter Total 26 F E. Comparative statement of the disposition made of National-Bank Notes. F.-Comparative statement of credits to National Banks in the five per cent. fund. G.-Comparative statement of Money-Packages and Letters sent. 1875-'76. 1876-77. Increase. Packages of notes fit for circulation forwarded by express Average for each business day. Packages of notes unfit for circulation delivered to the Comptroller of the Currency Average for each business day Letters and notifications written Average for each business day H.-Expenses incurred by the Redemption Agency and assessed upon the Banks. "The charges for transportation and the costs for assorting" the notes of National Banks redeemed during the fiscal year ended June 30, 1877, under section 3 of the act approved June 20, 1874, (18 Statutes, 123.) were as follows: Contingent expenses, (including repairs, telegrams, ice, washing towels, soap, and similar expenses).. Total 357,066 10 The express charges were assessed upon the several National Banks in proportion to the amount, and the other charges in proportion to the number, of their notes redeemed and assorted. The aggregate amount assorted during the fiscal year was $214,361,300, giving 8-cents as the average rate for the charges for transportation for each $1,000. The aggregate number of notes assorted was 22,745,548, making the average rate for the "costs for assorting" for each 1,000 notes $7.37. The expense of redeeming $100,000 in notes of average denominations was as follows: |