The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1920-09-09
THE aorr,NEAu oouRAN1. BOT 1.nEAu. noRrH DAKorA

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81 ,oo2,27e.45 has been loaned since the or
ganization of the Bank to public corporations
and public institutins, 97,279.A Of which has
been paid and such loans now amount Of 5000.
$487, 897.97 has been loaned on warehouse
receipts since the organization of the Bank, of
which 1922, 662.O1 has been paid and $16O,235.
SO is now out on loans supported by licensed
bonded warehouse receipts.
The clearing of checks on other banks coming
to us for collection through the Bank acting as
a State clearing house during the current year
has consisted of 851,490 items, aggTegating
$143, 648, 163. 10, or daily clearings of Abs
checks aggregating $697,s21.18.
The amount of checks drawn on The Bank of
North Dakota by various treasurers in payment
of public expenses consists of 1925 items,
aggregating $79,O29,675.A and is not included
in the foregoing clearing of checks, these items
being charged directly to the several ~treasur-
ers' accounts. ~
Transfers of funds for various banks, and
shipments of currency to banks during the cur
rent year consist of 1896 items, ~aggegating
S5,O17, PAT. 100. These amounts are not included
in the above clearing of checks.
The amount of drafts on The Bank of North
Dakota drawn by depositary banks consists of
52,230 items, aggregating $~58,914,O8O.73.
These amounts are not included in the above
clearing of checks. H
The grand total of all items is 1,1O1,391, ag-
gregating 1926, 500, 166.27 for the current year,
and the current year means from January l,
1920 to August 81, 1920.
SIS, O30, 589.74 is now on deposit in The Bank
of North Dakota from the treasurers OF all the
public corporations in the State, including state
and county treasurers. Of the deposits from
public CORPORATIONS SO 1878, 1864 s consists of
sinking funds and $11, Csc, 614,29 of general
funds. ...-
1851, 229. 46 is redeposited in S15 state and
= J- e. AY--LL D.I>Ao 7E l1~1~o IL
not have redeposits for reasons satisfactory to
themselves. >'.' .~~ -
$3,O41,4 All. 81 is loaned to banks. >>+.* 49,
SO, 875, 295. 90 is loaned or farm loans. =
81, 1891, $780, is invested in bonds of all kinds,
including government, state and county. -.
$1,000, 100000 is owing by The Bank Of North
Dakota as bills payable. -
Individual deposits amount to $50, STA. SO
Thus far Individual deposits have not been in
vited from residents Of North Dakota, for the
reason that it has been deemed pre~ferable~that
such deposits should be left on deposit in local
institutions in the event that local institutions
cooperate with The Bank of North Dakota
On May 4, 1920, (the latest date for which
figures are available on all state and national
banks) it is found that public deposits in The
Bank of North Dakota redeposited in or loaned
to banks thruout the State, both state and ma
tional, amounted to 66.5 per cent of the total
capital and surplus of all state and national
banks, ana SClll Luo CldlH is Ilduc LlIdC III
Bank of North Dkota has withdrawn all public
funds from local banks. The redeposits s2ea1
loans from The Bank of North Dakota in 5.1l-,-s
thruout the State amount to 94.2l per cent of
their reserves. In other words, it would have
taken 94.2 per cent of the reserves of the banks
of the state to pay deposits carried by them
from The Bank of North Dakota; and still they
say that The Bank of North Dakota has with
drawn the public funds from them. Eleven and
One half per cent of all deposits in banks in
North Dakota, state and national, consisted of
money deposited with them by The Bank of
North Dakota. Nine and six-tenths per cent of
their loans and discounts would have to be paid,
in order to equal the amount of deposits in
banks placed there by The Bank of North Da-
kota. Seven per cent of their total resources
are required to offset the deposits from The
Bank of North Dakota.
No interest rate has been charged in excess
of six per cent on any transaction since the or
ganization of the Bank.
No fees of any kin have been charged by the
Bank except the fees for appraisals for farm
loans. '* ~
""' A. F. w. Cathro,
" Manager and Director General
A BITTER PILL
We remember years ago in Bottineau we had
two persistent politicians who took their pol
itics as they took their whiskey-straight. One
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