OCR Text |
Show REPORT of condition of "Bank of Southern Utah" of Cedar City, Utah, at the close of business October 4, 1950, a State banking institution organized and operating under the banking laws of this State and a member of the Federal Reserve System. Published in accordance with a call made by the State Banking Authorities and by the Federal Reserve Bank of this District. ASSETS Cash, balances with other banks, including reserve balance, and cash items in process of collection ... $1,075,050.53 United States Government obligations, direct and guaranteed 1,457,247.07 Obligations of States and political subdivisions 270.007.83 Other bonds, notes and debentures 121,821.86 Corporate stocks (including $9,000.00, stock of Federal Reserve bank) 9,000.00 Loans and discounts (including $11,817.78 overdrafts) 2,118,492.88 Bank premises owned $11,000.00, furniture and fixtures $19,237.99 30,237.99 TOTAL ASSETS $5,081,858.16 LIABILITIES Demand deposits of individuals, partnerships and corporations $2,519,20S.2G Time deposits of individuals, partnerships and corporations 1,747,334.72 Deposits of United States Government (including postal savings) , 22,701.43 Deposits of States and political subdivisions 353.5G6.02 Deposits of States and political subdivisions 353,566.02 Other deposits (certified and officers' checks, etc.) 87,616.86 TOTAL DEPOSITS $4,769,473.99 CAPITAL ACCOUNTS Capital $ 50.000.00 Surplus 250,000.00 Undivided Profits 12,384.17 TOTAL CAPITAL ACCOUNTS 312.3S4.17 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 5.081.858.16 This bank's capital consists of: Common stock with total par value of $50,000.00 MEMORANDA Assets pledged or assigned to secure liabilities and for other purposes $ 50.000.00 (a) Loans as shown above are after deduction of reserves of 86,587.07 I, P. E. Anderson, Cashier of the above-named bank, hereby certify that the above statement Is true to the best of my knowledge and belief. P. E. ANDERSON, Correct Attest JOHN S. SHRISTENSEN, ELVVOOD CORRY, J. D. HOPKINS, Directors. State of Utah, County of Iron, ss: Sworn to and subscribed before me this 7th day of October. 1950. ARTHUR GARDNER, Notary Public. STATE OF UTAH. Office of the Bank Commissioner, I, Roy V. Simmons. 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 company, filed in my office on October 11, 1950. ROY W. SIMMONS, Bank Commissioner. I |