The Republican. [volume] (Oakland, Md.) 1877-current, 1920-05-13
REPORT OF THE CONDITION OF
The Garrett National Bank,

The Garrett National Bank,
AT OAKLAND,
In the State of Maryland, at the close of
business. May 4tb, 1920.
RESOURCES.
Loans and discounts, includ-
ing rediscounts $433, 81 %
Acceptance of other banks
discounted. II, 655 62
Foreign Bills of Exchange or
Drafts sold with indOrse-
ment of this bank, not
shown under item above. 45l, 626 "a
U. S. Government securities
owned
Deposited to secure circula-
ton (U. S. bonds par val
ue) ............. 6O, OOO w
Owned and unpledged. 80.
Total U. S. Government
securities :. .............. 1874, 25O 90
Other bonds, securities,
etc.
Securities other than U. S.
bonds mot including stocks)
ownedunpledged 347,220 90
Collateral Trust and other
notes of corporations is
sued for not less than ONE
YEAR nor more than
THREE YEARS time
........... $51 .060 90
Total bonds, securities, etc.,
other than U. S.......... 398, 28O 90
Stock of Federal Reserve
Bank $50 per cent. of SUBJ
scription). ................ $3.50 90
Value of banking house own
ed and unincumbered. -. 1880 90
Furniture and fixtures. $500. 5000 90
Lawful reserve with Federal
Reserve Bank. ........... 55,OS5 50
Cashinvault and net amounts
due from national banks. 1873, 6s9 II
Net amount due from banks,
bankers, and trust COM
panies (other than that
above). ................... 1892 IS
Checks on other banks in
the same city or town as
reporting bank (Other than
above). ................... 1000 So
Total of ItemsS136, 1872 At
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. ....... 5,745 60
Other assets. if any... go %
Total. ... 1870, O22 ga
LIABILITIES.
Capital stock paid in ..... $50, 900 90
Surplus fund ....... rs, 600 90
Undivided profits S23, 200 "a
Less current expenses, inter-
est, and taxes paid 10, 1862 81 9,9Os 80
Interest and discount col
lected or credited, in ad-
vance of maturity and not
earned (approximateJ .... 4,6lS IS
Circulating notes outstanding AZ, 497 so
Net amounts due to Nation
al banks. .......... l3S 50
Net amount due to banks,
bankers and trust COM
panies (other than that
above. ................ 1894 90
Certified checks outstanding 40 90
Cashiers checks on own
bank outstanding ...,.. 4l4 Is
Total of items $50, ll6 SO
Demand deposits (other
than bank deposits) sub
ject to Reserve deposits
payable within 80 days):-
Individual deposits subject
to check .................. $50, 500 90
Certificates of deposit due in
less than 30 days tother
than for money borrowed) II ,256 80
Total demand deposits (other
than bank deposits) sub
ject to Reserve S54S. 2l2 OIL
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) Is, 1876 "a
Other time deposits. ...... 497, 873 90
Total of time deposits sub
ject to Reserve S5l3, SEQ SO
IObdls 81, iU,DZ& O4
'0f 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. 5l97. Rev. Stat Exclusive
of notes upon which total charge not
to exceed so cents was made) was
$4,000 90. The number of such loans
was 4.
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