Commercial paper, exclusive of open-market purchases, discounted during September by each of the Federal Reserve Banks, distributed by States, and maturities as of date of discount-Continued.

Trade acceptances discounted by each Federal Reserve Bank from Sept. 2, 1915, date of first discount, to Sept. 30, 1916.

Commodity paper discounted by each Federal Reserve Bank from Sept. 8, 1915, date of first discount, to Sept. 30, 1916.

Commodity paper discounted by each Federal Reserve Bank during the nine months ending Sept. 30, 1916, distributed by

classes.

Dallas..

225,200

San Francisco..

Total..

$2,500

94,800

Member banks' collateral notes discounted by each Federal Reserve Bank during the month of September, 1916.

Amounts of commercial paper, exclusive of bankers' acceptances, held by each Federal Reserve Bank on Sept. 29, 1916, distributed by maturities.

Acceptances bought in open market and held by Federal Reserve Banks as per schedules on file on dates specified, distributed by classes of accepting institutions.

Amounts of acceptances held by each Federal Reserve Bank at close of business on Fridays, Sept. 29 to Oct. 20, 1916, distributed by maturities.

Distribution by maturities of acceptances bought in the open market by each Federal Reserve Bank during the calendar year 1915, and the first 9 months of 1916.

Distribution by sizes of acceptances bought in the open market by all the Federal Reserve Banks during September, and for the first 9 months of 1916.

Pieces.

Pieces.

months ending September, 1916..

3,292 9,726, 4103, 022 24, 743, 803 4, 138 71, 221, 0271, 079 43, 434, 347 492 40,798, 226 209 39, 778, 869 12, 232 229, 702, 682

1 Of the above total, bankers' acceptances totaling $34,103,182 were based on imports and exports, and $1,771,692 on domestic trade transactions. All trade acceptances were drawn abroad on importers in the United States and indorsed by foreign banks.

Amounts of short-term investments (municipal warrants) held by each Federal Reserve Bank at close of business on Fridays, Sept. 29 to Oct. 20, 1916, distributed by maturities.