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                  
February  972,390                  
March  960,825                  
April  899,625                  
May  877,310    
           
June 941,205     1,492,270
           
July 902.465                  
August 885,480                  
September  916,600                  
October  889,670                  
November  948,060                  
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 incineratedPeriódico 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 outstandingThe Los Angeles Times, 16 February 1928.