Imágenes de páginas
PDF
EPUB

The Chase National Bank

of the City of New York

57 Broadway

CAPITAL.
SURPLUS AND PROFITS.
DEPOSITS (Jnue 30, 1922)

$20,000,000

21,503,000 425,689,000

OFFICERS

ALBERT H. WIGGIN, President

Vice Presidents:
Samuel H. Miller

Henry Ollesheimer
Carl J. Schmidlapp

Alfred C. Andrews
Gerhard M. Dahl

Robert I. Bart
Reeve Schley

Sherrill Smith
Assistant Vice-Presidents:
Edwin A. Lee

M. Hadden Howell
William E. Purdy

Alfred W. Hudson
George H. Saylor

George Hadden
James L. Miller
Comptroller

Cashier
Thomas Ritchie

William P. Holly

DIRECTORS
Henry W. Cannon
Edward R. Tinker

Wm. Boyce Thompson
Albert H. Wiggin
Edward T. Nichols

Reeve Schley
John J. Mitchell
Newcomb Carlton

Kenneth F. Wood
Guy E. Tripp
Frederick H. Ecker

H. Wendell Endicott
James N. Hill
Eugene V. R. Thayer

William M. Wood
Daniel C. Jackling
Carl J. Schmidlapp

Jeremiah Milbank
Charles M. Schwab
Gerhard M. Dahl

Henry Ollesheimer
Samuel H. Miller
Andrew Fletcher

Arthur G. Hoffman WE RECEIVE ACCOUNTS OF BANKS, Bankers, Corporations, Firms or Individuals on favorable terms, and shall be pleased to meet or correspond with those who contemplate making changes or opening new accounts.

Through its Trust Department, the Bank offers facilities as: Trustee under Corporate Mortgages and Indentures of Trust; Depositary under re-organization and other agreements; Custodian of securities and Fiscal Agent for Corporations and Individuals; Executor under Wills and Trustee under Testamentary Trusts; Trustee under Life Trusts.

FOREIGN EXCHANGE DEPARTMENT

INDUSTRIAL DEPARTMENT OF NEW

YORK TRUST COMPANY The Liberty Industrial Corporation, the common stock of which is owned by the New York Trust Company, is to be liquidated, and the corporation's affairs will be conducted in the future by the industrial department of the New York Trust Company. Notice that $1,000,000 in preferred stock outstanding has been called for redemption on July 1st at 105 and accrued dividends has been mailed to all preferred stockholders. The business of the corporation as such will be wound up and the remaining surplus distributed to the .common stockholders. The New York Trust Company will take over the staff and the equipment.

The Liberty Industrial Corporation resulted from consolidation of the Liberty Securities Corporation, formerly owned by the stockholders of the Liberty National Bank, and the industrial department of the bank. It succeeded to the combined business of the securities corporation and the industrial department at the time of the merger of the Liberty National Bank and the New York Trust Company on April 1, 1921. The corporation, since its formation, has paid 8 per cent. dividends on preferred stock in addition to earnings for common stock.

WITHDRAWALS FROM CLEARING

HOUSE MEMBERSHIP By the recent action of the Brooklyn Trust Company, the Peoples Trust Company and the Nassau National Bank, the New York Clearing House Association is now without membership of any Brooklyn bank or trust company. The withdrawal of these three institutions followed the announcement of the New York Clearing House Association pro- • viding for the adoption of a new and lower schedule of interest payments on accounts. Such reduction was agreed upon at a meeting of the Association and became effective July 1. Under the new schedule the maximum rate members are permitted to pay on daily balances is 214 per cent. The Brooklyn institutions in common with others in Manhattan had previously allowed from 2 to 3 per cent. interest on larger balances. The withdrawal of the Brooklyn trust companies and banks is based upon the policy that larger rates of interest are justifiable on larger accounts. Such withdrawals from the Clearing House will not interfere with their clearing operations which will be transacted through the Federal Reserve Bank of New York

[merged small][ocr errors]

tances

CONDENSED STATEMENT
At the close of business, June 30, 1922

ASSETS
Loans and Discounts

$ 96, 297,585.69 U. S. Bonds and Certificates

17,882,550.00 Other Bonds and Investments

9,837.506.62 Banking House

1,500,000.00 Customers' Liability account of Accep

4,243,008.73 Cash, due from Banks and U.S. Treasurer. 42,981, 197.20 Interest earned..

525,942.74

$173, 267,790.98 LIABILITIES Capital Stuck

$4,500,000.00 Surplus

13,500,000.00 Undivided Profits

2,467, 177.78 Reserved; Taxes, etc.

780 185.93

$21,247,363.71 Unearned Interest,

593,008.39 Circulation

357,616.50 Acceptances and Travelers' Checks.

5,796,903.42 Deposits, viz:Individuals

$112, 188,821.25 Banks

32,071,577.71 United States

1,012,500.00

145,272,898.96

$173,267,793.98 Seeking New Business on Our Record

THE

CHEMICAL

BANK

NATIONAL

OF NEW YORK

Founded 1824 BROADWAY AND CHAMBERS, FACING CITY HALL

[graphic]
[graphic]
[graphic]

organization with 50 years' exper

[ocr errors]
[ocr errors]

business, which offers you the unusual facil-
ities of its Eastern Home Office through
which you can keep in close touch with
your farm mortgage investments, and the
unexcelled service in the field of its West-

ern Office in charge of a Vice-President
and negotiating all loans through its own salaried employees,
located at branch field offices.
Particulars on request, without obligation.

Associated Mortgage Investors, Inc.

KINGMAN N. ROBINS, President
ROCHESTER, NEW YORK

Lewistown, Mont.
Since 1873"

Spokane, Wash.

Calgary, Alta.

investment of the fund and its income is explained. The booklet is one of the best contributions made on this subject.

U. S. MORTGAGE & TRUST COMPANY

Active and prosperous conditions are reflected in the June 30th statement of the United States Mortgage & Trust Company of New York. Assets total $74,933,000, and include among the more important items, cash on hand, in Federal Reserve and other banks, $10,861,000; Clearing House exchanges, $3,157,000; U. S. Government securities, $21,373,000; other stocks and bonds, $3,210,000; demand loans, $2,321,000; time loans, $19,160,000; bills and notés purchased, $7,873,000; mortgages, $3,933,000. Deposits total $63,730,000. The capital is $3,000,000; surplus, $3,000,000, and undivided profits, $1,110,000

The United States Mortgage & Trust Company of New York has issued an exceptionally well executed booklet on the subject of Voluntary Trusts. It emphasizes the flexibility of such instruments in settling an independent income upon a wife; providing funds for education of childen, dowry for daughter; capital to enable son to enter business when he reaches a certain age, and for contribution to charitable or philanthropic institutions. The manner in which the maker of a voluntary trust may elect to retain as much or as little authority over the

BANK OF THE MANHATTAN COMPANY

Substantial progress is revealed in the June 30th statement of the Bank of the Manhattan Company of New York. Resources aggregated on that date $230,346,000, including loans and discounts of $92,621,000; cash on hand and in Federal Reserve Bank, $20,920,000; U. S. Government Bonds, $15,640,000 ; other securities, $17,787,000; due from banks, $7,955,000; exchanges, $56,036,000; commercial credits, $8,176,000. Deposits total $198,289,000. The capital, is $5,000,000 ; surplus $12,800,000 and undivided profits, $4,777,000.

METROPOLITAN TRUST CO. ADVANCE

MENTS John F. O'Meara has been appointed an assistant secretary and Charles H. Caldwell assistant treasurer of the Metropolitan Trust Company of New York. Mr. O'Meara has been the personal secretary of Samuel MCRoberts, president of the company, for some years, and Mr. Caldwell was promoted from chief clerk.

100 YEARS OF COMMERCIAL BANKING

[blocks in formation]

LOUIS G. KAUFMAN, President

RICHARD H. HIGGINS, 1st Vice-President
WILLIAM H. STRAWN, ARTHUR D. WOLF

WALTER B. BOICE
Vice-President
Vice-President

Vice-President
NORBORNE P. GATLING HENRY L. CADMUS

ARTHUR T. STRONG
Vice-President
Asst. Cashier

Vice-President
H. A, CLINKUNBROOMER HARVEY H. ROBERTSON

JAMES C. BROWER
Vice-President
Asst. Cashier

Vice-President

H. F. MEEHAN
GEORGE R. BAKER

ROBERT ROY
Vice-President
Asst. Cashier

Vice-President

HENRY R. JOHNSTON
JOHN B. FORSYTH
G. B. CONNLEY

Vice-President
Vice-President

Asst. Cashier

F. C. CAMPBELL
VINTON M. NORRIS HENRY E. AHERN

Vice-President
Vice-President

Trust Officer

HENRY C. HOOLEY
WILLIAM N. HAINES BERT L. HASKINS

Asst. Cashier
Vice-President

Vice-Pres. and Cashier WELLING SEELY
GEORGE P. KENNEDY C. STANLEY MITCHELL

Asst. Cashier
Vice-President

Vice-President

WILLIAM S. WALLACE
LAWRENCE J. GRINNON MAX MARKEL

Asst. Cashier
Vice-President

Vice-President

E. J. DONOHUE

Asst. Cashier
ROLFE E. BOLLING

WALLACE T. PERKINS
Vice-President

Vice-President

WILLIAM MINTON

Asst. Cashier
SYDNEY H, HERMAN JOSEPH BROWN

GEORGE M. HARD
Vice-President
Vice-President

Chairman

[blocks in formation]

200 MILLION DOLLARS RESOURCES

GAINS BY CENTRAL UNION TRUST BRANCHES OF BROOKLYN TRUST

As compared with the corresponding days The Brooklyn Trust Company has experilast year the June 30th statement of the enced excellent results in the development Central Union Trust Company of New York of its branch office policy. Aside from its shows increase in deposits from $197,382,000 main office at 177 Montague street, Brookto $234,431,000, and an increase in aggre lyn, the company has an office in Manhattan gate resources from $242,651,000 to $276, at Wall street and Broadway, and offices in 916,000. This is one of the largest records the Bedford and Bay Ridge sections. of gains made by any bank or trust com The Bay Ridge branch, which was the pany in this city during the past twelve latest addition, has made an unusual record months. The strong position of the Central in building up a line of deposits of over Union Trust Company is further indicated $1,000,000 within less than ten months. This by the distribution of assets which include, office was opened July 18, 1921 in the recash on hand, in Federal Reserve bank and modeled building at 7428 Fifth avenue at due from banks and bankers amounting to 75th street, which is equipped with all $47,939,000; United States bonds, $34,643,- modern safe deposit facilities. 000; municipal bonds, $7,357,000; loans and The financial statement of the Brooklyn discounts, $153,273,000; bonds and other se Trust Company as of June 30th shows ag. curities, $19,374,000; acceptances, $8,876, gregate resources of $41,739,751, including 000. The capital is $12,500,000 and surplus cash resources, due from banks and demand $15,000,000. Undivided profits of $3,965,000 loans of $8,200,747; U. S. bonds and certifirepresent an increase of over $800,000 dur cates, $6,994,000; State and municipal bonds, ing the past year. The statement shows no $4,990,000; bonds and stocks, $12,889,000; rediscounts or bills payable.

bills purchased, $2,402,000; time loans, $1,

724,000; loans on bonds and mortgages, $2,George V. Drew, assistant secretary of the 636,000. Deposits total $35,831,000; capital Equitable Trust Company, has been made is $1,500,000; surplus, $2,750,000; undivided the manager of the Colonial Branch.

profits, $271,994.

STATEMENT OF CONDITION OF THE

TITLE GUARANTEE AND TRUST

COMPANY OF NEW YORK CITY

as of June 30, 1922:

RESOURCES

Another Columbia Trust Company Office

VOR the convenience of FOR

Park Avenue residents and business houses, we have opened a new uptown

Public Securities

$5,886,228.61 These are United States, State

and Municipal Bonds. Other Securities

6,263,337.55 These and the public securities are carried at valuations below

the market by $1,050,936.49. Bonds and Mortgages, .

14,513,016.55 These mortgages are our stock in

trade for sale to our clients. Loans and Discounts...... 22,846,088.53 These loans are payable on demand

or on certain due dates, with ample security protecting col

lateral loans. Accounts Receivable

1,023,228.80 Including accrued interest and

fees due for title insurance. Real Estate

2,950,522.10 Principally the five buildings

wholly used in our business. Cash on Hand and in Bank...... 10,480,365.33

Banking Office At Park Avenue and 48th Street

New York

Here will be found complete banking service conducted on the Columbia Trust Company's established standards of courtesy and dependability.

The plan and furnishings of the office depart from the conventional bank traditions and include some new comforts and conveniences.

[blocks in formation]

COLUMBIA

TRUST COMPANY

Capital

7,500,000.00 Surplus

11,000,000.00 Undivided Profits

1,733,414.51 Due Depositors

39,672,617.68 All of the four items above are covered by cash in banks, bonds and mortgages, public and other

securities. Certified and Officer's Checks...... 2,483,471.73

Checks certified in the ordinary course of business and deducted

from amounts due to depositors." Dividends Declared

600,000.00 Payable July 1st from the earn

ings of 1922. Reserved for Taxes, Interest and Expenses

973,283.55 Set aside from earnings for taxes, interest and other expenses not yet payable.

IN FINANCIAL DISTRICT:

60 Broadway IN SHOPPING CENTRE:

5th Avenue & 34th Street IN PARK AVENUE SECTION: Park Avenue & 48th Street

IN HARLEM 125th Street at 7th Avenue

IN THE BRONX: 148th Street & 3rd Avenue Member of Federal Reserve System

Total...........

.$63,962,787.47

« AnteriorContinuar »