Image provided by: Klamath County Museums; Klamath Falls, OR
About The semi-weekly herald. (Klamath Falls, Or.) 1914-19?? | View Entire Issue (July 13, 1914)
THE SEM I-WEEKLY HERALD. KLAMATH FALLS. ORE
Report of the Condition
First National Bank of Klamath Falls
As Submitted to the Comptroller of the Currency at the Close of Business
June 30, 1914
Your Attention Is Called to the Following Report of the Condition of the First National Bank, as Submitted to the Comptroller
of the Currency, Washington, D. C., at the Close of Business June 30, 1014:
Loans and Discounts
Xihiiiii« »« niini«* <»ur « unioni* t » in m •
lleprcseuling actual money paid in by
our stockholders for the privilege of
doing a flanking business. They are
liable for an assessment of an <'<|ual
amount to protect depositors, an«!
what is more important, practically
all our stockholders are able to re
spond many times over, in case of
««•I dniite tilth Ihf pi tivltioii«» of tin*
Xnlloioil llrtiik %• I.
l.ilM itir« fdikrn by our i iintonarrw.
UthoiiKh the miioiiiit 1« «luuli, 11 f«
not u < mm I hii«ln<MMi« riiher from the
»lmid|»ohi( of (lie hmik or iiiMomer,
A fumi put aside for the additional
protection of our deporitors,
U. S. Bonds
< *oi ri iiiiiriii
An additional fund kept fur the pro*
teet ion of depositors and out of which
to chance off any loaæs that inay
Other Bonds. Etc.
lionds of s, ti.M.I IHslricts of hlnmatli
tonni, and «tries of Oregon, inopi,
National hank notes issued by thia
bank which circulate as money and
are secured by a deposit of govern*
ment Isimls with the Treasurer of ths
l uite«! States,
Bank Premises and Fixtures
Till«» in (In* niiioiiiit ni uhi« h
«»i|iii|»iiieiii | m rnrrii'd on our book«».
These bonds are borrowed from our
directors merely to sure expense of
buying Surety Bonds, and are used as
security for county funds.
Cash and Due From Banks
Aitimi ciiftli hi <»ur mulls nini due
from ban It« mid I itltnl stufi«» Trett**
iirvr Mibjert to rhri k. held mn h •»«(••-
hum rd nhhìiim ilr|M»«it« rrpn*«M*ntiiiK
Irgal rt'nmr of 3M |M»r irnf. The Inu
rf<|iiiri*«» 15 |M*r refit. Tbl* I« our <!«••
|MHdtor* yicutcMf protfi lioii.
This amount is due our depositors
subject to their check, with no strings
l i'll to it. The whole amount is se
en red by all the protection afforded
by the National Bank Act, large cap
ital, surplus and undivided profits
and the able management of officers
trained in the banking business.
OUR BOARD OF DIRECTORS
E. P. McCORNACK
E. R. REAMES
L. F. WILLITS
Ninety-six and one-half per cent of the bank’s capital stock is owned by the five directors.
This is what depositors have back of their deposits. We have joined the banking system provided
by the new Federal Reserve Act, which will add to our already excellent facilities for handling
our business and accommodating our customers.
Come in and T alk the Matter Over With Our Cashier