Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-01-31
GRAND FORKS HERALD. MONDAY, IAMUARY 81, 1891.

counts in Schedule No, / and :.
that Of tho amount OF $o,iO7.-
G46.24 loaned TO banks the sum
Of 41,14S, 0O7. 3S was past due IN
December s.. 1890. This includes
contained in the list Of closed
banks.
OF the total a1pount loaned to
elevators. packing companies.
und individuals. on warehouse re-
cCipts and storage tickets amount
Ing to- $1O5.72 the SUNS of $0D.-
w.s past Cue IN December 5,
1920.
Due From State.
The state institutions are indebted
to the Bank OF North Dakota III the
total amount of ~$S82,71G.72. of which
amount $3.50, 900 is owing the bank by
the Mill and Elevator Association:
$225,000 by the Home Building Asso-
citation. and $7,716.72 by the Indus
trial commission.
In Detail No. 2. is presented list
Of banks with which ~re-depcsits of
public funds have been~madc by the
Eank of North Dakota in the surn'Of
$7,040, S99.19.
Statements were mailed to these
banks with requests for verification
of balances. No replies were received
from 2S5 Of these banks. OF the veri-
fications received those from the fol
lowing banks contained discrepancies
in balances which we were unable to
reconcile owing to the lack Of time
for further. CORRESPONDENCE Farmers
and Merchants's Bank. Lakota: First
State Bank. Larson; First State Bank,
Manfred; State Bank. Maxbass: First
Bank, Hensel; Farmers and Mer.
chants State Bank, Monango: Mont
pelicr State Bank. Montpelier; Bank
OF Niagara; Farmers and Merchants
Bank, N:obe; First 1nternationa,
Bank, Noohan; Bank Of Obern; Scan
dia-Amcrican Bank. Palermo; First
State Bank. Reeder: Farmers State
Bank. Regain; Security Bank. Rugby;
Citizens State Bank, Selfridge: First
National Bank, futile; First State
Bank. Will:ston. ,
Following this is n schedule pre-.
sertihg. lists Of banks carrying re.
deposits Of the Bank of North Da.
kota which have suspended operation
exhibiting as to each bank the tota'
loans and discounts. overdrafts, item,
for collection. re-deposit of public
funds, and credit balances in the
Bank of North Dakota.
Total net obligations of such slls.
pcndcti banlks you will note amount:
TO S848. 49,. so.
Observation-Disclosures banks. ant
state institutions-are in the amount
OF $%A2.027.s3.
In Detail 3 arc listed deposits will
correspondent banks in the sun o1
$500. 396.55. Statements received
from these banks were reconcilct
with their respective ledger balances
The reconcilemeht with the Midland
National Bank Of Minneapolis reveal.
ed a small discrepancy In the sum Of
SO which, by reason Of it's amount
was not further investigated.
< The cash on hand was verified by
Enumeration and found correct.
Cash items in the sum Of ~$24,530.0t
are listed in Detail No. 4.
In Detail No. Is is exhibited a 1is'
OF items out for collection in thu
total sum OF s1,s70,706.64. analszet
10 present unhonored drafts on re-.
deposits Of public funds amounting tt
SS17,600, and sent out for collection
in the regular course. These collec.
lions are separated into "Old" in the
sum OF $~174,:77.94. and "currcnt'
items in the sum Of ss7s.a2S.7O. In.
Guided in the details are lists of loan.
in the sum Of s3.39s.23s.96 and re
discounts in the sum of $~244,S20.13
or. d total of $3,843.O59.09. Over
drafts on the Bank Of North Dakot;
in the sum Of s~41.567.34 are also in
Guided. In addition thereto is the
item Of s459.34 overdrnft, North la,
kota school for the blind making ;
total Of s~42,027.3S.