Statement Of Resources And Liabilities
Description
This section is from the book "Elementary Banking", by John Franklin Ebersole. Also available from Amazon: Elementary Banking.
Statement Of Resources And Liabilities
This is really a statement of condition of the bank as of a given moment. It is an arrangement of all of those debit and credit balances which represent property owned, debits due the bank, or obligations of it - debits on one side and credits on the other. The two sides should agree in amount. The balances of all accounts which were not taken in the profit and loss statement will appear in the statement of resources and liabilities, but the undivided profits account will be increased by the excess of earnings over expenses.
Statement Of Assets And Liabilities Of The Institute National Bank
As Of The Close Of Business
June 30,1922
(The numbers appearing opposite the accounts are the same as those appearing in the trial balance.)
Assets | ||
1. | Loans ....................... | $1,925,000 |
2. | Bills Discounted .................. | 950,000 |
3. | Past Due Paper ....................... | 10,000 |
4. | U. S. Government Securities.................. | 200,000 |
5 | U. S. Government Securities Deposited to Secure Circulation.............. | 200,000 |
6. | U. S. Government Securities Pledged to Secure Postal Savings Deposits.... | 90,000 |
7. | Securities Other than U. S. Bonds.... | 125,000 |
8. | Other Bonds Pledged to Secure U. S. Deposits......................... | 10,000 |
9. | Federal Reserve Bank Stock......... | 15,000 |
10. | Reserve at Federal Reserve Bank.... | 300,000 |
11. | Cash .............................. | 75,000 |
12. | 24,000 | |
13. | Checks on Non-Member Clearing House Banks.................... | 14,000 |
14. | Cash Items ........................ | 2,000 |
15. | National Bank Notes on Hand....... | 10,000 |
16. | Accounts Receivable................ | 500 |
17. | Internal Revenue Stamps............ | 500 |
18. | Due from Tenth National Bank, New York............................ | 50,000 |
19. | Five Per Cent Redemption Fund..... | 10,000 |
20. | Due from Federal Reserve Bank - Collection Account.................. | 75,000 |
21. | Due from Other Banks - Collection Account ......................... | 50,000 |
24. | Banking House and Lot............. | 50,000 |
$4,186,000 | ||
Liabilities | ||
25. | Capital Stock..................... | $ 250,000 |
26. | Surplus ................................................. | 250,000 |
25. | Undivided Profits.................. | 29,600 |
34. | Reserve for Taxes.................. | 12,600 |
35. | 3,000 | |
36. | Circulating Notes Outstanding....... | 200,000 |
37. | Due to Depositors (including banks)... | 2,812,300 |
38. | Certified Checks Outstanding........ | 10,000 |
39. | Cashier's Checks Outstanding........ | 12,000 |
40. | 3,000 | |
41. | Dividends Payable................. | 8,000 |
42. | Time Certificates of Deposit......... | 5,000 |
43. | Time Deposits..................... | 500,000 |
44. | Postal Savings Deposits......... | 90,000 |
45. | Overs and Shorts.................. | 500 |
$4,186,000 |
It should again be observed that the balances shown in the foregoing statement are the same as those appearing opposite the same accounts in the trial balance heretofore set forth, but that all earnings and expense accounts have been omitted from the asset and liability statement, their net balance alone having increased the undivided profits account. This statement, therefore, shows the condition of the bank after the books have been closed.
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