Notes of El Banco Minero in circulation
The Banco Minero had to publish a balance sheet every month, including the value of notes in circulationNotes in circulation excluded the issued notes held in the bank and its branches at the time of the count, and included any outstanding notes of the Banco Mexicano and Banco Comercial after the Banco Minero took over those banks..
| 1889 | 1890 | 1891 | 1892 | 1893 | 1894 | |
| January | 35,981·00 | 228,507·25 | 357,366·75 | 396,249·00 | 415,797·50 | 490,065·75 |
| February | 45,294·00 | 199,195·00 | 365,541·00 | 366,634·25 | 426,852·50 | 492,890·75 |
| March | 61,573·00 | 218,421·75 | 374,415·25 | 372,489·25 | 411,368·00 | 504,296·25 |
| April | 70,338·00 | 234,812·50 | 367,067·75 | 356,230·00 | 415,256·75 | 497,291·25 |
| May | 81,531·00 | 218,572·00 | 376,783·25 | 357,722·50 | 410,148·75 | 521,482·75 |
| June | 126,523·25 | 223,854·25 | 375,531·75 | 330,498·25 | 415,336·50 | 505,489·75 |
| July | 193,639·50 | 223,854·25 | 375,531·75 | 378,410·25 | 426,203·50 | 506,261·75 |
| August | 211,189·00 | 240,123·00 | 382,357·25 | 377,632·75 | 411,940·25 | 485,954·25 |
| September | 220,011·50 | 200,794·00 | 389,078·25 | 353,464·50 | 429,369·50 | 522,355·00 |
| October | 234,060·50 | 319,856·00 | 404,875·50 | 395,108·50 | 448,308·75 | 545,902·00 |
| November | 242,151·25 | 346,283·00 | 421,872·50 | 391,572·50 | 475,198·25 | |
| December | 227,035·25 | 339,337·50 | 423,785·25 | 414,680·50 | 477,841·50 | 538,429·25 |
| 1895 | 1896 | 1897 | 1898 | 1899 | 1900 | |
| January | 550,863·00 | 952,078·25 | 1,180,940·00 | 1,367,726·00 | 1,666,689·25 | 1,748,617·50 |
| February | 539,869·75 | 1,014,651.25 | 1,252,353·00 | 1,417,804·50 | 1,821,611·00 | 1,753,161·00 |
| March | 544,759·75 | 1,046,262·50 | 1,291,919·25 | 1,535,204·75 | 1,652,068.00 | 1,810,788·25 |
| April | 1,067,033·75 | 1,319,029.75 | 1,583,753·75 | 1,733,086·25 | 1,834,066·50 | |
| May | 586,980·25 | 1,097,894·00 | 1,319,554·50 | 1,565,071·50 | 1,706,595·50 | 1,758,876·25 |
| June | 609,381·75 | 1,088,200·50 | 1,326,016·00 | 1,491,658·00 | 1,812,140·75 | 1,774,969·75 |
| July | 597,940·50 | 991,713·00 | 1,297,273·50 | 1,460,379·50 | 1,900,282·25 | 2,190,481·00 |
| August | 603,266·50 | 1,099,395·25 | 1,314,824·00 | 1,516,307·00 | 1,684,241·25 | 2,145,061·00 |
| September | 599,316·50 | 1,073,422·50 | 1,332,024·25 | 1,543,321,75 | 1,699,642·25 | 2,177,752·75 |
| October | 601,750·50 | 1,050,971·50 | 1,343,635·75 | 1,659,917·25 | 1,768,976·25 | 2,200,555·25 |
| November | 627,886·75 | 1,125,924·25 | 1,373,581·25 | 1,592,304·00 | 1,684,241·25 | |
| December | 639,169·00 | 1,133,362.00 | 1,363,971·00 | 1,640,320·75 | 1,720,571·50 | 2,180,054·75 |
| 1901 | 1902 | 1903 | 1904 | 1905 | 1906 | |
| January | 2,236,453·25 | 2,717,484·50 | 3,186,329·50 | 3,650,667·00 | 3,385,088·50 | 3,815,564·50 |
| February | 2,335,234·25 | 2,838,553·25 | 3,481,040·50 | 3,799,458·50 | 3,433,824.25 | 3,943,341·50 |
| March | 2,392,844·00 | 2,891,049.00 | 3,483,430·75 | 3,714,610·75 | 3,469,251·50 | 4,060,329·50 |
| April | 2,379,703·25 | 2,777,990·50 | 3,410,703·25 | 3,567,028.25 | 3,443,920·50 | 4,160,310·00 |
| May | 2,378,835·00 | 2,811,182·50 | 3,350,260·50 | 3,612,959·50 | 3,369,920·50 | 4,070,259·75 |
| June | 2,444,501.00 | 2,807,040·25 | 3,374,458·75 | 3,533,804·00 | 3,540,489·75 | 4,233,514·75 |
| July | 2,316,573·75 | 2,860,781·00 | 3,306,050·00 | 3,479,681·75 | 3,623,138·00 | 4,298,166·75 |
| August | 2,433,960·25 | 2,847,497·75 | 3,273,744·25 | 3,221,976·25 | 3,708,221.00 | 4,103,905·00 |
| September | 2,515,223·75 | 2,929,523·75 | 3,396,388·75 | 3,417,568·00 | 3,662,045·75 | 4,371,719·00 |
| October | 2,594,962·50 | 3,083,326·50 | 3,377,461·25 | 3,466,436·75 | 3,740,366·75 | 4,394,882·00 |
| November | 2,694,582·50 | 3,069,133·75 | 3,468,886·75 | 3,578,760·00 | 3,910,867·25 | 4,387,364·00 |
| December | 2,798,896·50 | 3,259,786·00 | 3,499,634·75 | 3,334,296.00 | 3,867,662·75 | 4,369,629·00 |
| 1907 | 1908 | 1909 | 1910 | 1911 | 1912 | |
| January | 4,297,526·25 | 3,922,119·00 | 2,980,305·00 | 3,816,505·00 | 4,306,246·00 | 3,952,775·00 |
| February | 4,428,821·50 | 3,914,063·00It should be remembered that the value of notes permitted in circulation was related to the value of cash and deposits held by the bank and all these figures might have been 'juggled' to ensure that the bank appeared to be maintaining the prescribed ratios. According to one of the El Correo de Chihuahua's informants on 29 February 1908 (the night of the robbery) the bank, after the close of business, borrowed money from the Banco Comercial Refaccionario, showed this money to the Interventor Ramón Cuellar when he came to make his monthly inspection, and then phoned the other bank and told it that it could come and collect its cash (El Correo de Chihuahua, 15 August 1911). In fact, the bank was still short, as it showed a total of $2,100,838.26 in its several branches (including $1,596,527.55 in Chihuahua) but had notes in circulation of $4,261,859.47 so needed to show $2,130,929.73 as 50% (extraordinary balance sheet as of 6 March 1908) | 3,085,685·00 | 3,687,325·00 | 4,139,368·50 | 3,995,531·75 |
| March | 4,466,329·50 | 3,925,871·00 | 3,061,260·00 | 3,656,305·00 | 4,255,967·50 | 4,222,010·75 |
| April | 4,331,621·50 | 3,775,805·00 | 3,036,915·00 | 3,521,210·00 | 4,245,746·50 | 4,161,615·75 |
| May | 4,347,618·50 | 3,664,291·50 | 3,056,140·00 | 3,707,630·00 | 4,467,916·50According to the balance sheet of 31 May 1911 the bank had exceeded its permitted circulation and was to told to put it right. On 29 June it was still exceeding, and on 1 July it was told to stop making loans, and had until 30 July to come within the law. By 21 July it had managed to comply | 4,437,044·75 |
| June | 4,629,449·00 | 3,654,686·50 | 3,070,805·00 | 3,707,630·00 | 4,330,910·50 | 4,380,989·75 |
| July | 4,544,979·00 | 3,484,991·50 | 3,091,565·00 | 3,713,720·00 | 4,140,422·00 | 4,338,199·75 |
| August | 4,512,756·00 | 3,217,388·00 | 3,052,800,00 | 3,713,720·00 | 4,017,881·00 | 4,225,874·75 |
| September | 4,419,942·75 | 3,171,303·00 | 3,193,473·00 | 3,786,980·00 | 3,939,926·00 | 3,877,629·75 |
| October | 4,410,484·25 | 3,139,430·00 | 3,379,863·00 | 3,962,860·00 | 4,085,987·50 | 3,967,296·75 |
| November | 4,213,073·00 | 3,107,330·00 | 3,631,303·00 | 4,017,111·00 | 4,227,087·50 | 4,081,636·75 |
| December | 4,085,125·00 | 3,040,096·00 | 3,758,805·00 | 4,027,671·00 | 4,106,750.00 | 4,094,146·75 |
| 1913 | 1914 | |||||
| January | ||||||
| February | 4,119,536.75CEHM, Fondo Creel, | |||||
| March | 6,335,320.00CEHM, Fondo Creel, | |||||
| April | ||||||
| May | 8,155,390.00CEHM, Fondo Creel, | |||||
| June | 12,755,390.00CEHM, Fondo Creel, 92, 23585 | |||||
| July | 13,655,390.00CEHM, Fondo Creel, 86, 22003 | |||||
| August | 13,955,390.00CEHM, Fondo Creel, 86, 22048 | |||||
| September | ||||||
| October | 14,405,390.00CEHM, Fondo Creel, 122, 31468 | |||||
| November | 4,796,449.95but this included $23,749.00 in Banco Mexicano notes and $19,964.75 in Banco Comercial notes. The balance was: 14,005 25c 3,501·25 10,010 50c 5,005·00 346,174 $5 1,730,870·00 103,137 $10 1,031,370·00 25,147 $20 502,940·00 6,203 $50 310,150·00 7,659 $100 768,900·00 400 $1000 400,000·00 total 4,752,736·00 (ST papers, Part I, box 84, account as of 25 November 1913 produced for Silvestre Terrazas by S. Goyenche, after studying what books he had of the Banco Minero, 23 November 1914) |
14,405,390.00CEHM, Fondo Creel, | ||||
| December | 14,405,390.00CEHM, Fondo Creel, 99, 25344 |
The bank continued to redeem its notes after the revolution. In February 1928 it still has $2,649,972 outstandingThe Los Angeles Times, 16 February 1928.