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Paper custody.

The following statement shows the transactions during the year in paper used for the printing of all classes of United States securities:

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The following shows the United States and national-bank securities redeemed and United States, Federal reserve, and national-bank securities imperfect, which have been handled and accounted for by the Division of Loans and Currency and destroyed or otherwise disposed of by the Secretary's destruction committee, fiscal year 1915:

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Items marked * not counted by Division of Loans and Currency; all other items counted by Division of Loans and Currency.

DIVISION OF PUBLIC MONEYS.

The monetary operations of the Government have been conducted through the Treasurer of the United States, nine assistant treasurers of the United States, the treasurer of the Philippine Islands, the American Colonial Bank of Porto Rico, and 1,619 national bank depositaries.

The amount of public moneys held by the bank depositaries on June 30, 1915, including the public funds to the credit of the Treasurer's general account, United States disbursing officers, and money in transit, was $93,330,526.89, a decrease of $6,624,197.68 since June 30, 1914.

On June 30, 1915, there were 849 regular and 624 temporary depositaries; 36 were designated during the year and 146 were discontinued.

On November 1, 1915, the total number of depositaries was 1,464 and the amount held by them was $62,765,738.14.

DIVISION OF BOOKKEEPING AND WARRANTS.

The fiscal transactions recorded in this division during the year ended June 30, 1915, were as follows:

The books of the division have carried open receipt and appropriation accounts during the year to the number of 7,500, which have been charged and credited with all warrant entries affecting the receipts and disbursements.

Approximately 7,400 active accounts of collecting and disbursing officers were carried in the current personal ledgers of the division, recording. their transactions as to collections and deposits of public moneys, and of expenditures made from moneys advanced to them.

A total of 120,147 receipt and pay warrants, aggregating $4,092,424,024.10, was issued during the year. Of this number 33,408 were for the receipt of moneys into the Treasury, and 86,739 for disbursements from the Treasury.

Of the above sum, warrants in the amount of $1,498,238,074.91, representing receipts of $720,397,782.58 and disbursements of $777,840,292.33, including public-debt items, were credited and charged, respectively, to the general fund of the Treasury; warrants representing $2,192,777,022.75 were issued for public-debt receipts and redemptions not affecting the general fund of the Treasury, the moneys involved being held for the redemption of certificates and notes for which the funds are respectively pledged; and warrants representing $401,408,926.44 were issued for adjustment of appropriation accounts, largely for the naval "General account of advances."

7424°-FI 1915-13

The following table exhibits the totals of the receipts and disbursements of the year for the general fund:

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This shows an excess of ordinary disbursements over ordinary receipts of $33,488,931.53, and an excess of all disbursements over all receipts of $57,442,509.75 taking into account public-debt transactions and payments from the general fund of the Treasury during the year of $29,187,042.22 for the Panama Canal without sales of bonds.

State bonds and stocks owned by the United States.

The following statement shows the nonpaying State bonds and stocks, formerly in the Indian trust fund, now in the Treasury, belonging to the United States:

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A history of these State stocks and bonds is given in House Document No. 263, Fifty-fourth Congress, second session.

SECRET SERVICE DIVISION.

Counterfeiters were unusually active during the year; 536 arrests were made, the greatest number in any year since 1902. Twenty new counterfeit note issues were discovered in circulation, only four of which, however, were in any sense dangerous, and in a majority of instances not more than two or three of the bills were passed. The total of counterfeit notes seized represented $45,810.85. Counterfeit coins amounting to $25,590.58 were captured or confiscated, 18 note plates, 3 dies, 265 molds, and a great quantity of counterfeiting tools and materials were seized.

The "fake" Secret Service officer was again much in evidence. Thirty-one of them were arrested during the year.

DIVISION OF PRINTING AND STATIONERY.

Printing and binding.

It will be seen from the following table that the total expenditure for printing and binding for the fiscal year 1915 was $408,186, against $363,980 for the previous year, showing an increase of $44,206. The largest items of increase are those for the Public Health Service ($12,396), the Internal-Revenue Service ($19,149), the office of the Comptroller of the Currency ($8,341), and the Division of Bookkeeping and Warrants, office of the Secretary ($7,277).

The increases in expenditure were largely due to new legislation affecting the Internal-Revenue Service, widening the field of operations of the Public Health Service, and change of business methods in the office of the Comptroller of the Currency, necessitating the revision and printing of a large number of forms, etc.

The largest reduction by any of the services during the year was that of the Customs Service of $15,811. This reduction in expenditures was the result of the practical operation of a system inaugurated in the preceding year whereby fewer forms, etc., were required for the transaction of business.

Appropriations, expenditures, and reimbursements for printing and binding.

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Appropriations, expenditures, and reimbursements for printing and binding-Contd.

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Statement of the appropriation for stationery for the fiscal year 1915 and statements of the cost of the stock on hand and issues to various offices and services of the department for the year follow:

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