Notes in circulation

The monthly balance sheets of the Banco del Estado de México recorded the following information.

   
        1897 1898 1899 1900
January               20,555 346,120 644,170
February               70,035 352,365 692,005
March               102,075 382,000 749,495
April               131,850 412,595 806,535
May               160,790 406,860 798,575
June               169,215  429,590  883,730
July                215,015 408,285 923,235
August             0  269,740 433,800 903,120
September             0 308,335 460,910 955,765
October             0  311,105 487,460 924,055
November             0 318,265 558,120 962,065
December             7,850 304,155 607,505 995,345
                     
Annual average  
        7,850 198,427 440,217 853,174

 

  1901 1902 1903 1904 1905 1906 1907 1908 1909 1910
January 964,275 1,316,540 1,908.075 1,746,370 1,606,570 1,927,260 1,856,400 1,937,120   2,510,090
February 930,685  1,334,860 1,918,475  1,771,460 1,514,295 1,919,565  1,832,925  1,974,400   2,437,360
March 953,385  1,356,280 1,774,215 1,747,230 1,588,300 1,920,110 1,830,845  1,842,060 2,093,555 2,318,885
April 998,165 1,365,340 1,766,850  1,767,285 1,746,715 1,979,575  1,826,015 1,897,945   2,324,455
May 952,780 1,428,220 1,775,550 1,779,580 1,860,455 1,879,685  1,901,140  1,793,615  2,065,240 2,336,240
June 1,050,840 1,483,505 1,848,375 1,755,205 1,914,475  1,857,910 1,852,080 1,794,565  2,080,915 2,234,160
July 1,136,405 1,529,660 1,825,795 1,628,230 1,896,760 1,858,885  1,828,725 1,816,655   2,289,505
August 1,222,960 1,600,865 1,692,240 1,638,535 1,999,435 1,880,705  1,920,710 1.900.750  2,168,720 2,248,805
September 1,231,245 1,673,310 1,610,455 1,717,245 1,955,390 1,845,495 1,844,855 1,872,500  2,178,360 2,240,585
October 1,276,520 1,756,725 1,714,540  1,783,870 1,952,600 1,828,510 1,849,875 1,855,695  2,298,035 2,327,230
November 1,299,230 1,795,180  1,692,790 1,805,900 1,853,800 1,859,475  1,838,040  1,883,465  2,261,570 2,276,520
December 1,315,230 1,858,175 1,675,155 1,686,710 1,979,775 1,848,400 1,856,895     2,366,650
                     
Annual average 1,110,976
1,541,134 1,766,876 1,735,635 1,822,380 1,883,798 1,853,208 1,882,067 2,161,197 2,325,873

 

  1911 1912 1913 1914 1915
       
January 2,472,845   2,788,245 2,726,920            
February  2,487,045 2,532,890 2,847,205 2,674,715            
March  2,350,950   2,751,075 2,804,605            
April  2,357,700   2,719,095 3,015,281            
May  2,311,640                  
June  2,447,455   2,729,005 3,191,891            
July 2,420,690   2,635,905              
August  2,346,180                  
September  2,486,410                  
October  2,542,465 2,689,360 2,810,455              
November  2,510,815   2,751,430   3,120,50013 November 1915          
December  2,622,825   2,567,375              
                     
Annual average
                 

 

The bank continued to redeem its notes after the revolution. In February 1928 it still has $496,223 outstandingThe Los Angeles Times, 16 February 1928.

Incinerations

We have records of the following incinerations:

Date $5 $10 $20 $50 $100 $500 $1,000 Total
number
Total value
$
31 October 1903                 4,290
30 November 1904                 4,665
31 July 1905                 6,325
31 December 1905                 12,760
January to June 1906                 23,195
29 September 1906               2,082 26,545
January to June 1907               3,361 40,610
July to December 1907               3,456 69,915
January to June 1908               6,235 72,895
July to December 1908               5,008 47,160
January to June 1909               3,836 32,860
July to December 1909               9,709 96.815
January to June 1910               4,370 36,920
July to December 1910               6,120 66,795
January to June 1911               3,851 33,860
July to December 1911               6,410 79,020