The Republican. [volume] (Oakland, Md.) 1877-current, 1920-07-15
REPORT OF THE CONDITION OF
The Garrett National Bank,

AT OAKLAND,
In the State of Maryland. at the close of
business, June 30th, 1920.
RESOURCES.
Loans and discounts, includ-
ing rediscounts 1858, 372 Il
Acceptance of other banks
discounted ..... 80, coo 90
Total loans. 493, 372 "a
Foreign Bills of Exchange or
Drafts sold with rndorse-
ment of this bank not
shown under items above 493, 372 IA
u. 5. Government securities
owned
Deposited to secure circula-
ton u. S. bonds par val
ue) ...........50 81, 900 90
Owned and unpledged. 49,.
...... Sl35, $50 90
Total L. S. Government
securities ........... 1875, $50 90
Other bonds, securities,
etc.
Securities other than U. S.
bonds not including stocks
Ownedunpledged 343,S6 60
Collateral Trust and other
notes of corporations is
sued for not less than ONE
YEAR nor more than
THREE YEARS time
............... $53, $40 90
Total bonds. securities, etc.,
other than U. S: ,......... 397, $50 90
Stock of Federal Reserve
Bank go per cent. of sub
scription). ............... $3.50 co
Value OF banking house own
ed and unincumbered, 81, 500 90
Furniture and fixtures. ..... $500 90
Lawful reserve with Federal
Reserve Bank ........... GO, 721 95
Cashinvault and net amounts
due from national banks LAG, 446 81
Net amount due from banks,
bankers. and trust com
panies (other than that
above. .;....;....... 1l,Ol9 20
Checks on other BANKS in
the same city or town as
reporting bank (other than
above: ........:....... $50 SO
Tota! of ItemsSl6l, ASP 70
Checks on banks located out
side of city or town Of re-
porting bank and other
cash items. ......... 90 90
Redemption fund with U. S.
Treasurer and due from U.
s. Treasurer ;...........,. $500 90
Interest earned but not COL
lected- approximate on
Notes and Bills Received
not past due. .... 5.O33 SO
Other assets if any ....... 50 %
Total. ............. 81, 345. 681 10
LIABILITIES. /
Capital stock paid in ...... $50, 900 90
Surplus fund .............. $1,000 90
Undivided profits Sll, SIS OF
Less current expenses, inter-
est, and taxes paid ,....... 1885 OF
Interest and discount col
lected or credited, in ad-
vance of maturity and not
earned approximately .. 5.154 SO
Circulating notes outstanding as, 1877 so
Amounts due to Federal Re-
serve Bank deferred cred
its).,..;......:...... 1882 70
Net amounts due to Nation
al banks. ................ 1,1e8 40
Net amount due to banks,
bankers and trust com
panies (other than that
above. Observation-Disclosures. % Sc
Certified checks outstanding i,059 90
Cashiers checks on own
bank outstanding 49,. 4,845 So
Total of items S33, 074 40
Demand deposits (other
than bank deposits) sub
ject to Reserve deposits
payable within 80 days):-
Individual deposits subject
to check -. .............. So. BAT 81
Certificates of deposit due in
less than 80 days (other
than for money borrowed) 4.4sl 10
Dividends unpaid ......... 5000 90
Total demand deposits (other
than bank deposits) sub
ject to Reserve $50. 779 90
Time deposits subject to
Reserve payable after
80 days, or subject to 80
days or more notice, and
postal savings):-
Certificates of deposit (other
than for money borrowed) 21,1OO 81
Other time deposits. 49,. $50. $40 SO
Total of time deposits sub
ject to Reserve 1851, $50 10
Avail ..sI.... 0l, O4O, DOL 10
'Of the total loans and discounts
shown above. the amount on which
interest and discount was charged at
rates IN excess of those permitted by
law (Sec. 5197. Rev. Stat) Exclusive
of notes upon which total charge not
to exceed so cents was made) was
S59. 900 90. The number of such loans
was r.
State of Maryland, County of Garrett,
l, G. A. FRALEY, Cashier of the
abOVe-named bank do SolemnIv Suaar
that the above statement is true to the
best of my knowledge and belief.
G. A. FRALEY, Cashier.
Subscribed and sworn to before me
this 9Th day of July, 1920.