The independent., 1903-04-23

Other real estate. 405, ,422.67
Current expenses and
taxes paid ............ 435,o05.8S
Premiums on U. S. and
other bonds and secur. 5,12765
Cash items not included
in estimating reserve. 113,20O.64
Cash items of exchange,
bills of other banks,
including gold and sill
yer certificates, frac-,
tional and paper cur
reney, nickels and cts,
specie, legl tnder notes 2,580,094.65
Totals ........t. . :. .s4s, ,476, ,921.70
LIABILITIES.
Capital stock paid in. IS 1892, $4,000
Surplus funds .......... 1,378,941.36
Undivided profits ....... 1,G03, ,G9246
Dividends unpaid ...... 10,9S9.T
Individual deposits sub
ject to checks, demand
certificates of deposit,
certified checks, cash
fer's checks outstand-
ing due to national
bands, due tC state and
private banks ........ 37,106,62088
Notes and bills redis-
counted ............... III, ,l76.IU
Bills payable .......... 367 ,050.93
Totals ............:. $48, ,476, ,921.7 g.
Of course the layman never could
understand why the item Current
expenses and taxes paid" should ap-
,,
simply matter of bookkeeping.
When the books are finally closed for
the years business, this item would
disappear, leaving the undivided prof
its that much less than they appear
on the face of the books up to the
time Of final closing for the year.
For example, in the report above, the
real undivided profits are;
Undivided profits, gross. 81 500, ,G92.46
Less current expenses, etc. 435.805.S8
Net undivided profits. 81, ,167 ,Ss6.58
Comparison of the various items of
resources and liabilities Is made with
former quarterly statements. The
item of loans and discounts shows
total increase in year of over $4,-
100000, yet since the 25th Of last No
vember this item has increased less
than $4,000
LOANS AND DISCOUNTS.
Increase over
former
Total period.
Mch IS, 'o3. $32,6S5, ,551.74 1S,7S9.94
Nov 25, 'O2. 22,e66, ,761.S0 4,730, 1869
Mch Is, '02. 1886, ,524.91 ..........
CASH.
Mch IS, 'O3. $3.50 ,O94.65 s 158, ,93OS6
Nov 25, '02.. 2,421 1879 *25, ,68345
Mch Is, '02.. 2,446,S47 ..........
Decrease.
DUE FROM OTHER BANKS.
Mch 18, '03.$ 9,S9S,171.43 $2,427, 1928
Nov 25, '02. 7,471 ,05S50 1886 ,999.O1
Mch Is, '02 10,957, ,057.51 ..........
*Decrease.
1t will be observed that although
general deposits have increased near
ly three millions in year, and loans
and discounts something less than
five millions, yet the state Bankers of
Nebraska are keeping a much larger
portion of their reserves at home.
liz item dDONo SHOWS d uecT6dS0 Oh
close to million dollars as compared
to a year ago. Notwithstanding the
high interest rates on Wall street. Of
course the decrease was made be-
tween March Is and November %,
1902, and since that time doubtless
these high rates have caused the in
crease of nearly two and a quarter.
millions. Relatively, however, as we'll
as absolutely, this item is growing
less-showing disposition OF Ne
braska bankers to avoid being caught
as they were in 1898.
ALL OTHER RESOURCES.
Mch 18, 'O3. $3,313,1 3,103.88 s *152,741.41
Nov %, '02.. 3,465, ,S4529 413, 3,48490
Mch Is, '02.. 3,O52,36O.39 .........
*Decrease.
The liabilities may be divided into
two general classes: what the banks
owe to their owners, and what they
owe to others; this latter item may be
subdivided into what the banks owe
their depositors, and what they owe