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Show 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 APRIL 13, 1944 ASSETS 1. Loans and disiounts (including $3,893.09 overdrafts) ....$495,760.71 i. United States Government obligations, direct and guaranteed 539 .921 19 3. Obligations of States and political subdivisions 2oo0o!o0 6. Cash, balances with other banks, including reserve balances, and cash items in process of collection 267,898.93 7. Bank premises owned $3,473.24, furniture and fixtures $1,083.45 4556.69 12. TOTAL ASSETS $1,378,127.52 LIABILITIES 13. Demand deposits of individuals, partnerships, and cor- porations $753,574.48 14. Time deposits of individuals, partnerships, and cor- ' porations 329,295.02 15. Deposits of United States Government (including- postal savings) 61,362.81 16. Deposits of States and political subdivisions 127,385.00 18. Other deposits (certified and officers' checks, etc.) .... 8,268.87 19. TOTAL DEPOSITS $1,279,886.18 23. Other liabilities 635.64 24. TOTAL LIABILITIES (not including subordinated obligations shown below) .:. ' $1,280,521.82 CAPITAL ACCOUNTS 25. Capital j 31,300.00 26. Surplus , 43,000.00 27. Undivided profits- 6,956.02 28. Reserves (and retirement account for preferred capi tal) 16,349.68 29. TOTAL CAPITAL ACCOUNTS $, 97,605.70 30. TOTAL LIABILITIES AND CAPITAL ACCOUNTS $1,378,127.52 This bank's capital consists of $6,300.00 of capital notes and debentures; de-bentures; and common stock with total par value of $25,000.00. MEMORANDA 31. 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 $150,000.00 (e) TOTAL 4150,000.00 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 of the condition of the said bank at the close of business on the 13th day of April, 1944. J. C. SMITH Subscribed and sworn to before me this 19th day of April, 1944. Norma White, Notary Public (Seal) Residing at Milford, Utah. My commission expires September 1, 1945. Correct Attest: Harold Cline, George Jefferson, A. R. Hamilton. Directors. State of Utah, Office of Bank Commissioner I, Rulon F. Starley, 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 April 25, 1944. RULON F. STARLEY, Bank Commissioner, |