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Notes in circulation

The monthly balance sheets of the Banco Peninsular Mexicano recorded the following information.

       
 
  1908 1909  1910
January                 4,174,762 4,117,994
February                 4,185,714 4,199,813
March                 4,231,124 4,029,656
April               5,348,935 3,972,513 3,961,012
May               5,642,795 4,083,853 4,125,416
June               5,514,385 4,291,178 4,000,276
July               5,313,910 3,797,645 3,909,043
August               5,327,550 3,826,596 3,990,421
September                 3,777,551 4,267,524
October               5,474,662 4,059,821 3,696,577
November               5,460,393 4,084,300 3,572,730
December               5,320,542 4,028,655 3,337,490
                     
Annual average
 

 
  4,084,568
4,042,809 3,933,996

 

  1911 1912 1913 1914
 1915
 
   
January 3,441,720   3,407,673 4,169,928            
February 3,322,900 3,354,635 3,507,666 4,120,306 5,838,916          
March 3,330.909 3,440,335 3,726,331 3,999,690            
April 3,145,015   4,296,916 4,464,541            
May 3,367,639 3,409,440   6,233,143            
June 3,389,347 3,416,615   6,673,576            
July 3,343,247 3,160,634   6,686,196            
August 3,344,132   4,336,827 6,571,849            
September 3,309,880     5,893,425            
October 3,238,074 3,227,583   6,051,369            
November 3,147,721 3,276,111 5,197,496              
December 3,050,394 3,446,849 4,515,706 5,901,043            
                     
Annual average
 

 
 
   

 

The bank continued to redeem its notes after the revolution. In February 1928 it still had outstanding $1,065,663The Los Angeles Times, 18 February 1928. The newspaper actually says $1,065,66361.

On 30 June 1908 the bank had 225,774 notes with a value of $10,178,526 in the caja del Banco, 10,090 notes with a value of $91,480 in its branch in Campeche, and 264,196 notes with a total value of $5,514,385 in circulation, making a total issue of 500,000 notes worth $15,784,391 (all being notes of the Banco Yucateco or Banco Mercantil de Yucatan. In addition it had 79,899 notes with a value of $2,234,990 in the caja del InterventorMemoria de las Instituciones de Crédito correspondiente al año de 1908, vol I..

On 31 December 1908 the bank had 213,284 notes with a value of $10,366,952 in the caja del Banco, 9,930 notes with a value of $95,825 in its branch in Campeche, and 276,578 notes with a total value of $5,320,542 in circulation, making a total issue of 499,788 notes worth $15,783,319. In addition there was still 79,899 notes with a value of $2,234,990 in the caja del Interventoribid..

On 30 June 1909 the bank had 299.175 notes with a value of $11,818,711 in the caja del Banco, 4,742 notes with a value of $58,420 in its branch in Campeche, and 253,370 notes with a total value of $4,291,178 in circulation, making a total issue of 557,287 notes worth $16,168,309 (all being notes of the Banco Yucateco or Banco Mercantil de Yucatan. Memoria de las Instituciones de Crédito correspondiente al año de 1909, vol I..

On 31 December 1909 the bank had 291,539 notes with a value of $11,883,365 in the caja del Banco, 5,650 notes with a value of $82,850 in its branch in Campeche, and 234,520 notes with a total value of $4.028,655 in circulation, making a total issue of 531,709 notes worth $15,994,870.ibid..

On 30 June 1910 the bank had 262,361 notes with a value of $10,189,858 in the caja del Banco, 5,274 notes with a value of $48,675 in its branch in Campeche, and 216,171 notes with a total value of $4.000,276 in circulation, making a total issue of 483,806 notes worth $14,238,809, since 47,903 notes, with a total value of $1,756,061 had been incinerated. In addition there were 21,400 notes with a total value of $1,850,000 in the caja del InterventorMemoria de las Instituciones de Crédito correspondiente al año de 1909, vol I...

During the second half of 1910 the bank amortized 57,701.25 notes of the Banco Yucateco (with a value of $4,081,134) and 20,147 of the Banco Mercantil de Yucatán ($105,789). So in 31 December the total was $10,051,886 ($5,306,675 in Banco Yucateco notes and $4,745,211 in Banco Mercantil de Yucatán notes). The amount in the cajas was made up of 117,269 Banco Yucateco notes ($2,747,710) and 99,884 Banco Mercantil de Yucatán notes ($3,966,686). $3,337,490 was in circulationMemoria de las Instituciones de Crédito correspondiente al año 1910.

Number of notes

  30 June 1908 31 December 1908 30 June 1909 31 December 1909 30 June 1910 31 December 1910 30 June 1911 31 December 1911
with Interventor 79,899 79,899     21,400      
in bank's caja 225,774 213,284 299,175 291,539 262,361 217,153composed of 117,269 Banco Yucateco notes with a value of $2,747,710 and 99,884 Banco Mercantil de Yucatán with a value of $3,966,686 (Memoria de las Instituciones de Crédito correspondiente al año 1911)    
in Campeche branch 10,090 9,930 4,742 5,650 5,274    
in circulation 264,196 276,587 253,370 234,520 216,171      
Total 500,060 499,801 557,287 531,709 483,806composed of 350,423 Banco Yucateco notes with a value of $9,387,809 and 133,383 Banco Mercantil de Yucatán with a value of $4,851,000 (Memoria de las Instituciones de Crédito correspondiente al año 1910) 405,958    

 
movement

  30 June 1908 31 December 1908 30 June 1909 31 December 1909 30 June 1910 31 December 1910 30 June 1911 31 December 1911
with Interventor                
in bank's caja   (12,490) 85,891 (7,636) (29,178) (50,482)    
in Campeche branch   (160) (5,188) 908 (376    
in circulation   12,391 (23,217) (18,850) (18,349)      
Total   (259) 57,486 (25,578) (47,903) (77,848)rounded, composed of 57,701.25 Banco Yucateco and 20,147 Banco Mercantil de Yucatán notes    

 
Value of notes

  30 June 1908 31 December 1908 30 June 1909 31 December 1909 30 June 1910 31 December 1910 30 June 1911 31 December 1911
with Interventor 2,234,990 2,234,990     1,850,000      
in bank's caja 10,178,526 10,366,952 11,818,711 11,883,365 10,189,858 6,714,396composed of 117,269 Banco Yucateco notes with a value of $2,747,710 and 99,884 Banco Mercantil de Yucatán with a value of $3,966,686 (Memoria de las Instituciones de Crédito correspondiente al año 1911)    
in Campeche branch 91,480 95,825 58,420 82,850 48,675    
in circulation 5,514,385 5,320,542 4,291,178 4,028,655 4,000,276 3,337,490    
Total 15,784,391 15,783,319 16,168,309 15,994,870 14,238,809composed of 350,423 Banco Yucateco notes with a value of $9,387,809 and 133,383 Banco Mercantil de Yucatán with a value of $4,851,000 (Memoria de las Instituciones de Crédito correspondiente al año 1910) 10,051,886composed of   Banco Yucateco notes with a value of $5,306,675 and  Banco Mercantil de Yucatán with a value of $4,745,211 (Memoria de las Instituciones de Crédito correspondiente al año 1911)  9,906,785 9,708,859


movement

  30 June 1908 31 December 1908 30 June 1909 31 December 1909 30 June 1910 31 December 1910 30 June 1911 31 December 1911
with Interventor                
in bank's caja   188,426 1,451,759  64,654  (1,693,507)  (3,524,137)    
in Campeche branch   4,345 (37,405)  24,430  (34,175)      
in circulation   (193,843) (1,029,364)  (262,523)    (28,379)  (662,486)    
Total   (1,072) 384,990  (173,439)  (1,756,061)  (4,186,923) (145,101) (197,926)