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THE EVENING HERALD. KLAMATH FALLS, OREGON
W
Report of the Condition
'
of the
First National Bank of Klamath Falls
As Submitted to the Comptroller of the Currency at the Close of Business
January 13, 1914
Your attention is called to the following report of the condition of the First National Bank, as submitted tothe
Comptroller of the Currency, Washington, D. C, at the close of business, January 13, 1914.
RESOURCES
Loans and Dtscwols
Advance made our customer
in accortlancc wlih the provi
sion of the National Hank Act.
$310,789.24
Overdrafts
Libcrtlc taken by our custom
cr. Although the amount U
wnall. it h not 0od buninciui
either from the ntandpolnt of
the bank or the customer.
$1,105.92
Government bond owned by
thin bank.
$115,000.00
Other Bonds, etc
Horn! of nchool district of
Klamath county and chic of
Oregon amply nccurcd.
$98,137.94
Bank Premises ad Fixtures
Thin is the amount at which our
equipment i carried on our
Iwok
$35,000.00
Cash and Due fronT Banks
Actual earth in our vaults and
due from banks and U. S. Treas
urcr md)jcct to check, held at a
safeguard against deposits rep
resenting a legal reserve of 30
per cent. The law requires IS
per cent. This is our depositors
Kreatent protection
$140,447.05
TOTAL-
$700,480.15
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OUR BOARD OK DIRECTORS
ALEX MARTIN
CHAS. S. MOORE
E. P. McCORNACK
E. R. REAMES
L. F. WILLITS
Ninety-six and one-half percent of the bank's capital stock is owned
by the five directors. This is what depositors have back of their de
posits. We have joined the banking system provided by the new Fed
eral Reserve Act, which will add to our already excellent facilities
for handling our business and accommodating our customers.
LIABILITIES
Capital Stttk
Representing actual money paid
in by our stockholders for the
privilege of doing a banking
business. They are liable for
an assessment of an equal
amount to protect depositors,
and what is more important,
practically all our stockholders
are able to respond many times
over, in case of necessity.
$100,000.00
Splts
A fund put aside for the .addi
tional protection of our depositors.
$11,000.00
IMnideJ fails .
An additional fund kept for the
protection of depositors and out
of which to charge off any
losses that may occur,
$5,059.50
Cffcaktiti
National Bank Notes issued by
this bank which circulate as
money and are secured by a de
posit of government bonds with
the Treasurer of the United
States. '
$100,000.00
Bonds Borrowed
These bonds are borrowed from
our directors and are used as se
curity for county- funds,
$17,800.00
Deposits
This amount is due our depos
itors subject to their check with
no strings tied to it. The whole
amount is secured by all the
protection afforded by the Na
tional Bank Act, large capital,
surplus and undivided profits
and the able management of of
ficers trained in the banking
business,
$466,6120.65
TOTAL
$700,480.15
Come in and Talk the Matter Over with Our Cashier
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