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 PAQB □ Report of the Condition of the : First National Bank of Klamath Falls ! I UNITED STATES DEPOSITARY 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: RESOURCES : : LIABILITIES Loans and Discounts Capital Stock 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 necessity. ««•I dniite tilth Ihf pi tivltioii«» of tin* Xnlloioil llrtiik %• I. $334,537.20 Overdrafts $100,000.00 l.ilM itir« fdikrn by our i iintonarrw. UthoiiKh the miioiiiit 1« «luuli, 11 f« : I Surplus 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, $1,387.41 $11,000.00 Undivided Profits U. S. Bonds < *oi ri iiiiiriii Bond* ooiie<l liy An additional fund kept fur the pro* teet ion of depositors and out of which to chance off any loaæs that inay occur. fid« I Irak« ! $115,000.00 $9,879.61 Other Bonds. Etc. : Circulation lionds of s, ti.M.I IHslricts of hlnmatli tonni, and «tries of Oregon, inopi, secured. 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, $86,973.18 % I $100,000.00 Bank Premises and Fixtures Bonds Borrowed 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. $35,000.00 ■ $39,096.33 Cash and Due From Banks Deposits 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. $182,656.25 $495,578.10 TOTAL— TOTAL $755,554.04 OUR BOARD OF DIRECTORS STOORI E. P. McCORNACK E. R. REAMES L. F. WILLITS $755,554.04 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