REPORT OF CONDITION Of the Milford State Bank of Milford, and Its Beaver City Branch of Beaver, In the Stale of Utah AT THE CLOSE OF BUSINESS ON OCTOBER 2, 1945 ASSETS 1. Loans and discounts (including $1,5S-1.80 overdrafts)....? 595,334.60 2. United States Government obligations, direct and guaranteed 710,119.19 3. Obligations of States and political subdivisions 20,000.00 6. Cash, balances with other banks, including reserve . balances, and cash items in process of collection 661,860.77 7. Bank premises owned $2,973.24, furniture and fixtures $1,119.07 4,092.31 S. Real estate owned other than bank premises J 31.50 12. TOTAL ASSETS $1,991,438.37 - LIABILITIES 13. Demand deposits of individuals, partnerships, and cor- poia-ions 51,036,335.66 14. Time deposits of individuals, partnerships, and cor porations 600,743.93 lo. Deposits of United States Government (including postal savings; 62,275.00 16. Deposits of States and poiiical subdivisions 106,701.00 15. Other deposits (certified and officers' cheks, etc 26,174.51 19. TOTAL DEPOSITS : $1,882,230.10 23. Other liabilities 525.46 24. TOTAL LIABILITIES (rot including subordi" nated obligations shown below) 1,882,755.56 CAPITAL ACCOUNTS 2a. Capital j 31,300.00 ?5- p.1'1""1'1." ; 45,000.00 27. I ndivided profits 11,483.33 25. Reserves (and retiremfnt account for preferred capi- 20,899.68 29. TOTAL CAPITAL ACCOUNTS $ 10S.6S2.81 "0. TOTAL LIABILITIES AND CAPITAL ACCOUNTS $1,991,438.37 This bank's capital consists of $6,300.00 of capital lotes and "debentures; "de-bentures; and common stock with total par value of $25,000.00. MEMORANDA SI. Pledged assets (and securities loaned) (book value): (a) U. S. Government obligations, direct and guaranteed, guaran-teed, pledged to secure deposits and other liabilities liabil-ities S 140,000.00 (e) TOTAL $ 140,000.00 State of Utah, County of Beaver: J. C. Smith, being first duly sworn according to law, deposes and says, that he is Cashier of the above named bank and that the above and foregoing report contains a full, true and correct statement state-ment of the condition of the said bank at the close of business on the 2nd day of October, 1945. J. C. SMITH Subscribed and sworn to before me on this 6th day of Oct,, 1945. Norma White, Notary Public (Seal) Residing at Milford, Utah. My commission expires September, 1949. Correct Attest: George Jefferson, Sam Cline and Harold Cline. Directors. StaU of Utah. Office of Bank Commissioner I. J. M. KNAPP, Bank Commissioner of the State of Utah, do hereby certify that the foregoing is a true and correct copy of the statement of the above named companv, filed in mv office on October 9, 1945. J. M. KNAPP, L Bank Commissioner