On 14 August 1922 Falcon recovered the German U-boat U-111 off the Virginia coast, brought her to a dry dock at Norfolk Navy Yard, towed her back out to sea on 30 August 1922, and finally sank U-111 with a depth charge on 31 August 1922. She continued to perform occasional towing duty, and from time to time sailed to the Caribbean on both salvage and towing duty.
Falcon successfully recovered the German submarine U-111 off the Virginia coast in August 1922, transported it to Norfolk Navy Yard for repairs, and then sank it with a depth charge later that month. She continued to carry out occasional towing tasks and made periodic voyages to the Caribbean on both salvage and towing assignments.