The Advocate and news., 1899-01-04
STATE OF KANSAS, OFFICE OF BANK
COMMISSIONER.
Topeka, Kan, January 2, lS9

COMMISSIONERS.
Topeka, Kan, January 2, 1899.
To the Cashier, Manager or Receiver:
Dear Sir-In accordance with the prOVi-
slons Of the Kansas banking law, you are
required to make and forward to this
office, not later than ten days from
the date Of this call, an official statement
Of the financial condition Of .....",.........
.............., located at ...;,..,.:.,...u State
OF Kansas, at the close OF business on the
31st day Of December, 1898.
/ hand yOu herewith blank statements to
be used; forward the four-page blank TO
this Office and use the other for printer
COPY 1 also lnclOse blank affidavit OF pub
lication, which please forward to this office
as soon as your statement has been pub
lished. Do not fail to have the printer at
tach q copy Of your statement, as published,
to the affidavit. Only one publication Is
required.
Please observe the following Instructions
Itemize on official statement amount due
from other banks, showing amount due
from each bank, giving name ana location
Of bank.
DO not show your cash under one head
ing, but show each item-currency, gold,
silver etc,
IL your reserve is below the legal re-
quirement, this communication Will be
notice to make the same good within thirty
days from the date OF receipt OF same, and
you will accompany your statement with
an acknowledgement OF receipt Of notice
TO make your reserve BOOus
ItemiZe OVerdrafts and other resources
DO not deduct your overdrafts from your
deposits and only show net deposits. EhiS
is violation Of the law. Also give full In
formation as to borrowed money, includ-
ing in your borrowed money certificates OF
deposit that have been issued primarily for
the purpose Of borrowing. All deposits
drawing six per cent or over Will be con"
strued to be borrowed money, and must be
shown under the head Of "Six Per Cent
Time Certificates"
II your real estate is incumbered, add the
amount Of incumbrance to your Item OF
real estate, and show the same as la
biIity under "Incumbrance on Real Es-
tate" A failure to do this will constitute
violation OF law.
Give complete list of excess loans, re-
membering that loans to the several MEM
bers of firm are classed as one loan, and
that all Indebtedness, including oVerdrafts,
must be included.
Do not show your overdrafts on other
banks as Banks and Bankers Deposits, ="
but show them as overdrafts, giving the
name Of bank
Do not show your balance due from closed
banks as Sight Exchange" but snow same
as ''Due from Closed Banks"
This blank form OF statement Is In ac-
cordance with law and every portion there
of must be properly filled out, or your state
ment will be returned for correction. II
you have nothing to report under any par
Licular heading write the word None;
|
looked the item.
inclose blank schedule of cattle loans,
| Please fill out this blank and forward same
TO this Office At the earliest possible date.
Be particular to give all information called
for.
| / also inclose blank for annual statement
required by law, which must be returned to
this Office not later than January 10.
Also inclose blank for list Of stockhold.
ers,
The attention Of bank officers and direc-
| tors is called to the fact that they can
not lawfully pay a dividend unless same
has been earned. The present worth
of all paper held by the bank must be es-
timated, and sufficient amount left in
undivided profits to cover unearned interest.
Accrued interest on outstanding certificates
of deposit should also be estimated, for II
constitutes a liability Of the bank, and a
| sufficient amount should be left In undi-
Vided profit account to cover same.
would again call special attention to the
practice INDUCED in by some banks Of
| permitting their customers to overdraw
their accounts This department is seri.
ously considering the advisability of re-
Quiring banks to publish list of their Gus
toners whose accounts are oyerdrawn at
the date Of official statement, and this plan
may be adopted In the future as q means
Of preventing this irregular and unlawful
| practice. l call attention to this fact at
the present day that bank officers may In
form their customers who are disposed to
overdraw their accounts that In the future
| their names may be published as part of
the official publication Of the bank
Read this communication carefully Just
| before making your statement. Make out
and forward your statement promptly af-
| ter receiving the call, thus avoiding the
liability to penalty provided in section 1s
OF our law.
Very truly yours,
JOHN w. BREIDENTHAL
! Rank CnVnTniaqiOnnr