Sacred Heart Academy - Gradatim Yearbook (Belmont, NC)

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SELPI Lmflewooa' Silk Hofiery : Mzllg Ina I I I 2 lf J I . Man f 'rs of I LADIES FULL FASHIONED SILK HOSIERY I CHARLOTTE, N. C. I Il sg I YORK 0 it l 1 A THE EHADATIM

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'A' REMEMBER . . . You Always Save BELK BRUTHERS CO. I 0 I CHARLOT E S HOME BETTER VALUES NINETEEN THIHTY-EIGH'l'

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.1 1 1 1 l 1 1 i - Statement of Condition American Trust Company I MEMBER FEDERAL RESERVE SYSTEM CHARLOTTE, N. C. l DECEMBER 31, 1937 CCondensed from Reports to North Carolina Commissioner of Banks and to Federal Reserve Bank of Richmond, Virginiaj RESOURCES Cash in vault, on deposit in Federal Reserve Bank and due from banks ,,.,,,,,,,, E... .,,,,,,,, . ,,,,,,,,,,,, ,..,,,...,,,,, ,.,....,,,,,,,,, .,,., S 2 t 1.9-11,758.67 N V. S. Government obligations, direct andfor fully guaranteed . 1Z,577,935.0o Federal Land Bank, Federal Home Loan Bank and Listed Bonds ..,,,l,, ,.,...,,,,,,, . ... .. Y,,, ,,,,,, ,,YYo,,.. ..,,..,o,,. . . ..,,,,.,, ii,..,., 1 , 5 23,471.25 State of North Carolina and Stale of South Carolina bonds ,,,,.,Y,, 3,89o,91.I.64 Municipal bonds and notes . .,,, .. ,Y,. , ,.,,,,,, ,Y..,,,,,,,,,,,,,..,,,,......,....,.,,, 2 572,656.97 Loans eligible for rediscount by Federal Reserve Bank ,,,.., - ,,..Y, 4,980.825.26 Loans secured by listed stocks and bonds ,Y,,,...,, ,,,, ,.,,, ,.,, . . . 3.258,7.I8.54 Accrued interest on bonds ..,,,,,,,,, ,,,, ,,..,,,,,,, . ,..,, ,,,,,,,,,,,,, ,,,,, . 1 I 1 5,253.58 S-t9.922,552.97 I Other high grade. well secured loans .,,,...,..,.,,,.,,,..,,..,..,,,,,,,,,,,,,,,,,..,,,, 6.985,716.09 Cash surrender value life insurance policies carried on the Officers of the bank .. .. . cc.,,,,.,,,,,, c,...,,,,,,,,,,,,...,,.,.,,.,,,,.. ,,,.,..,, 3 9 ,302.50 Stock Federal Reserve Bank, Richmond, Va., and other I stocks and bonds ,,,,,,,,,,,,,. ,,,,,,,,,,, ,,,,,,..,.,,,,,,,,,,,,,,......,, 1 6 4,691.50 Customers' Liability On Acceptances .,,,,,,,,, .. ,,,,.,...,,,.,, 739,810.00 Banking House, Fourth Street property, and Furniture and Fixtures ,,..,.,,.,,.....,,,,..,,,,,,,,, ,c..,,..,.,,..,,...,,c..,,,,,,,,,, . .. 490,218.55 I Reserve for depreciation ...,...,,,,,..,,,,,,c,c,,.,,,,.....,,,,,c,c,c,..,,,,...,, ..c,,,c,c, 1 17,726.76 372,491.79 Other Real Estate CThe appraised value of which is 3189555.40 and the assessed value of which is SS1S8,007.50J ....... ......... ....... 7 7 .00 S58.224,641.85 I LIABILITIES Capital Stock ........... ......,...,,,..,,.........,,,,,,,,,.., ...,.. S 1 ,200,000.00 I Surplus .......... .............. .......,...... .................. ..,.... SS 1 , 2 00,000.00 Vndivided Proms .......... 687,899.19 I Reserves -Unallotted ......... - ..... ....... 3 00,000.00 2,l87,899.19 Reserve for unearned interest ............................... ....,..... 5 3,707.13 Reserve for Taxes and Contingencies ., ......,..............,............. ...... 4 4,396.69 I Reserve sufncient to Retire Premium on Bonds owned ..... .......... 5 40,104.70 638,208.52 Domestic and Foreign Aceeptances ................... .......... 7 39,810.00 I DEPOSITS , .................... L .... ..... S 3,458,724.14 S5X,224,641.85 ' OFFICERS W. H. WOOD F. W. DEARMON Prestdent Asst. Secretary-Treasn're'r T. E. HEMBY W. M. PORTER Executwe Vice-Preszdent Asst. Secretary-T1'easu'rer JOHN Fox J. P. ROBINSON Vice-President and Trust Officer Asst. S'ecretary-Treasurer R. E. KERR J. E. HENLEY Assistant Vice-President Asst. Secretary-Treasurer C. B. CAMPBELL J. CHADBOURN BOLLES Secretary and Treasurer , Assistant Trust Officer NINETEEN THlRl'Y-EIGHT Page Sixty-st'uc'r at I 7 F