Notes in circulation

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

      1903 1904 1905 1906 1907 1908 1909 1910
January     81,915 432,980 462,915 519,795 563,180 522,315   112,545
February      182,840 469,265 482,000 578,950  581,535 333,990   106,845
March      216.035 438,700 507.165 582,065 529,740 572,115   102,485
April      295,045 503,885 541,620 630,160 529,900 579,740 260,455included with Banco Nacional de México's return 97,675
May      420,830 377,940 499.600 637,300 558,620  462,420 217,970 78,355
June      505.010 434,795 558,635 660.070 556,395  438.680   77,335
July     528,695 495,450 522,060 660.510 557,100  446,140   74,305
August     578,320 467,455 558,000 651,990 503,945 433,640 154,335 71,865
September     498.040 488,975 570,510 682,915 498,930   149,430 70,935
October     472,515 454,700 554,195  678.705  500,025   134,380 69,325
November     497,875 488.520 520,950 556,340 495,680 390,605 124,025 66,155
December     496,140 493,055 546,325 632,800 508,120 370,995    
                     
Annual average
  397,771
462,143 526,943 622,648 531,930 463,160 347,627  

 

  1911 1912 1913 1914 1915
         
January 62,065 48,510 32,535 20,670            
February 60.850     20,470            
March 60.075     19,820            
April 59,540     19,230 17,120          
May 57,245 41,655 29,120
18,285            
June 56,675   29,015
             
July 53,625  
             
August 53,035   27,890
             
September 49,675   27,855
             
October 49,435  
             
November 49,190   27,505
             
December 48,750   24,970
17,120            
                     
Annual average