The Republican. [volume] (Oakland, Md.) 1877-current, 1920-11-25
REPORT OF THE CONDITION OF
The Garrett National Bank,
AT OAKLAND,
ST. ELMO.

AeHA ON1 VI 11IG SO4ND11lON OP
The Garrett National Bank
AT OAKLAND,
In the State of Maryland. at the close O.
business, NOV. 18th, 1920.
RESOURCES.
Loans and discounts, includ-
ing rediscounts 1892, 280 SO
Acceptance of other banks
discounted. 80. Jos. 776 SO
Total loans. .60l, 057 10
Foreign Bills of Exchange or
Drafts sold with indorse-7
ment of this bank not
shown under items above COL, O57 /!
U. S. Government securities
owned
Deposited to secure circula-
ton GU. S. bonds par val
ue) ............. 5U, UUO w
Owned and unpledged. ..
.............. $170. $50 90
Total U. S. Government
securities :. ............. 22O, $50 OC
Other bonds, securities,
etc.
Securities other than U. S.
bonds(n mot including stocks)
ownedunpledged 350,l50 90
Collateral Trust and other
notes of corporations is
sued for not less than ONE
YEAR nor more than
THREE YEARS time
............. $49. 040 90
Total bonds, securities, etc..
other than U. S. ~. 3ss, 1870 o.
Stock of Federal Reserve
Bank $50 per cent. of SUBJ
scription). .............. 1880 o.
Value of banking house own
ed and unincumbered. 900. 27,500 On
Furniture and fixtures. ..... 6,40O On
Lawful reserve with Federal
Reserve Bank .....,..... 112, 623 9,
Cash invault and net amounts
due from national banks. POT, 42O n
Net amount due from banks,
bankers. and trust COM $3.50.
panies (other than that =
above). ................. 1888 9:
Checks on other banks in
the same city or town as
reporting bank (other than
above). ........ 1884 O.
Total of Items $2lO, 913 n
Redemption fund with U. S.
Treasurer and due from U.
S. Treasurer. ............ $500 U
Interest earned but not COL
lected J. approximate on
Notes and Bills Received
not past due. 6,OO6 l,
Other assets IF any. ... 1851 8
Total. ................. 81, 5s2, O42 8
LIABILITIES.
Capital stock paid in 900. $50, 200 o.
Surplus fund ............. $4,000 o.
Undivided profits, $37, 379 SO
Less current expenses, inter-
est, and taxes paid II, 1923 n 2O,25O L
Interest and discount col
lected or credited. in ad-
vance of maturity and not
earned approximately. -. 5.279 o.
Circulating notes outstanding 1887 s.
Amounts due to Federal Re-
serve Bank deferred cred
tS) ............ 4l,ZiU U
Net amounts due to Nation
al banks. ....... 2,O37 o.
Net amount due to banks,
bankers and trust COM
panies (other than that
above). ....,............ s434 8
bank outstanding 49,. 1859 8
Total of items SAG, COL 70
Demand deposits (other
than bank deposits) SUBJ
ject to Reserve deposits
payable within 80 days):-
Individual deposits subject
to check ................ 1888 0
Certificates of deposit due in
less than 80 days (other
than for money borrowed) 2,S48
Total demand deposits (other
than bank depositsl sub
ject to Reserve $720,2 "a
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) 1895
Other time deposits. ........ 613,436
| Total of time deposits SUBJ
ject to Reserve 1926, 1852 81
| TOTAL. .....-.. ol, 0JZ, U4Z i
*Of the total loans and discount
shown above, the amount on whic
interest and discount was charged a
rates in excess of those permitted b
law (Sec. 5197. Rev. Stat.) (exclusiv
of notes upon which total charge nc
to exceed so cents was made) wa
$71, 10000. The number of sue
loans was 81.
State of Maryland. County of Garrett
l., G. A. FRALEY, Cashier of tn
above-named bank, do solemnly swea
, that the above statement is true to tn
best of my knowledge and belief.
G. A. FRALEY, Cashier
Subscribed and sworn to before m
! IL L. l.. IL 49,. 1000