Notes in circulation

The monthly balance sheets of the Banco de Morelos recorded the following information.

	1903	1904	1905	1906	1907	1908	1909	1910
January		967.915	1,076,665	1,035,840	1,012,210	682,875	611,425	727,200
February		970,695	1,029,495	1,021,330	1,020,040	666,855	617,995	774,055
March	9,310	1,032,465	1,100,015	1,007,635	989,805	737,455	650,340	764,365
April	401,250	1.063,565	1,060,430	915,580	1,007,760	750,875	625,535	787,955
May	435,475	1,091,675	1,027,600	947,895	958,420	692,895	659,335	814,350
June	587,040	1,057.145	1,102,120	970,940	1,005,135	646,525	625,980	840,240
July	650,690	1,056,270	1,065,505	964,685	1,089,670	606,060	600,585	823,380
August	784,085	1,092,820	1,011,890	930,200	1,113,670		600,865	786,320
September	814,815	1,136,460	1,018,575	905,025	1,105,300		609,480	782,125
October	905,255	1,126,820	1,066,995	906,575	1,066,490	644,680	645,930	789,990
November	1,003,015	1,037,795	1,082,755	931,470	850,470	647,210	700.460	830,065
December	1,005,615	1,058,755	1,039,575	1,009,020	766,885		719,790	910,270

Annual average		1,057,698	1,056,760	962,183	998,821	665,010	638,976	802,526

	1911	1912	1913	1914	1915
January	966,000	861,690	1,410,500
February	972,390	910,355
March	960,825	992.960
April	899,625	1,044,605
May	877,310	1,024,615
June	941,205			1,492,270
July	902.465	1,197,085
August	885,480	1,222,940	1,403,750
September	916,600	1,252,655	1,395,535
October	889,670	1,259,460
November	948,060		1,234,910
December	903,605

Annual average

In a report to Congress on 1 September 1917 Carranza said that in accordance with the reglamento of 8 March 1916 $94,130 in notes of the Banco de Morelos had been incinerated^{El Pueblo, 4 September 1917; Periódico Oficial, Tamaulipas, Tomo XLII, Núm. 75, 19 September 1917}.

The bank continued to redeem its notes after the revolution. In February 1928 it still has $283,510 outstanding^{The Los Angeles Times, 16 February 1928}.