Need help on the official backings of Gold Certs, Silver Certs and Fed. Res. Notes in 1920-1923
Could somebody please point me to a reference that can give me the OFFICIAL rates by which Gold Certificates and Silver Certificates and Federal Reserve Notes (if applicable) were backed by actual gold and silver coins sitting in a vault somewhere?,
For example, for each $1,000,000 in Gold Certificates outstanding, was there $1,000,000 in gold coins in the vaults, or $600,000, or $400,000, or what?
Likewise Silver Certificates backed by silver dollars. For each $1,000,000 in SC's, was there $1,000,000 in standard silver dollars, or $600,000, or $400,000, or what?
What about Federal Reserve Notes? I know that it Uncle Fred walked into his friendly neighborhood bank and asked to buy a $20 gold piece as a birthday present for Aunt Minnie and tendered a $20 FRN, he would probably get it. However, if the Bank of England presented $1,000,000 in FRN's to the U.S. Treasury for payment in gold, was there a stash of gold coins sitting in a vault somewhere backing those FRN's? If so, what percentage of the outstanding face value?