Resources Loans and Discounts at the Bank
The largest asset is loans to firms, corporations and individuals totaling 2 546 901.55. Overdrafts are discouraged and total 405.03. Investments include Liberty Bonds and Federal Reserve stock at 148 400. Real estate, furniture and fixtures support operations, with reserve over 81 percent of deposits at 144 081.21. Capital stock, surplus fund, undivided profits bolster depositors. Bills re-discounted with Federal Reserve Bank of Richmond and bills payable from northern correspondents. Total deposits amount to 250 000.00.
MENTIONED IN THIS ARTICLE
Liberty
Federal Reserve
Federal Reserve Bank
New York
Richmond
Federal Reserve Bank of Richmond
Federal Reserve System
Bank Statement Promises Safety Under Dual Oversight
The bank proclaims strength and growth and invites readers to trust its services. It notes supervision by the Federal Reserve Board in Washington and the North Carolina Banking Department, asserting double oversight ensures safety for customer money. The statement thanks supporters and seeks new business.
MENTIONED IN THIS ARTICLE
Federal Reserve System
Federal Reserve Board
Washington
North Carolina
Also Mentioned on This Page
Farmers Bank & Trust CO
Richmond, Va
And
The
North Carolina State Banking Department
Caroleen
Forest Ciif