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I-(G2.~ 13 c 4: i( F·:I e, L( FEDERAL RESERVE BANK OF CLEVELAND TWENTY-FIRST ANNUAL STATEMENT Cleveland, Ohio, January 10, 1936. To the Stockholders of the Federal Reserve Bank of Cleveland: We are pleased to submit a Statement of Condition of the Federal Reserve Bank of Cleveland as at the close of business December 31, 1935', together with a Statement of Distribution of Net Income for the year. A more complete report of the year s operations, submitted System, to the Board of Governors of the Federal is now in process of preparation which is Reserve and a copy will be mailed to you when issued. Very truly yours, Governor. 36-6 STATEMENT OF CONDITION-DECEMBER 31, 1935 ASSETS GOLD CERTIFICATES ON HAND AND DUE FROM U. S. TREASURY' REDEMPTION FUND-F. TOTAL . . . . . . . . . •. . 1,055,059.36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •• OTHER CASH' BILLS $515,847,397.28 R. NOTES······· 19,225,491.03 RESERVES······ $536,127,947.67 AND SECURITIES: BILLS DISCOUNTED FOR MEMBER BANKS: SECURED BY U. S. GOVERNMENT OBLIGATIONS. DIRECT AND/OR FULLY GUARANTEED $ 10,000.00 . 444,484.25 INDUSTRIAL ADVANCES· . . . . . . . . . . . . . . . . . . . . . . . . 1,783,710.65 BILLS BOUGHT IN OPEN MARKET···· U. S. GOVERNMENT SECURITIES······ OTHER SECURITIES······ TOTAL BILLS 218,024,500.00 33,250.00 AND SECURITIES······· UNCOLLECTED ITEMS BANK . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . (CHECKS AND OTHER ITEMS $220,295,944.90 IN PROCESS OF COLLECTION)' • • • • • • • • • • • 54,128,796.10 •• . 6,524,926.46 OTH ER ASSETS . . . . . • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ALL PREMISES. LESS RESERVES FOR DEPRECIATION " 2,848,167.84 TOTAL ASSETS· ~ $819.925,782.97 LIABILITIES FEDERAL RESERVE NOTES IN ACTUAL CIRCULATION' $352,515,125.00 DEPOSITS: MEMBER BANKS-RESERVE U.S: OTHER DEPOSITS······ TOTAL $334,460.807.09 ACCOUNT· . . . . . . . . .. 39,293,551.31 . . . . . . . . . . . . . . . . . . .. . . . . 6,279.210.62 DEPOSITS····· DEFERRED AVAILABILITY BEEN CAPITAL ACCOUNTS TREASURER-GENERAL PAID DEFERRED $380.033,569.02 ITEMS PENDING (CHECKS LAPSE IN··············· OF AND OTHER SUFFICIENT TIME ITEMS FOR WHICH IN WHICH CREDIT TO COLLECT HAS THEM) •••• • • 56,330,373.90 •• . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 12,298,700.00 Su RPLUS (SECTION 7) 14,371,245.64 SURPLUS (SECTION 13B)··············· . . . . . . . . . . . . . . . . . . . . . . . . RESERVES FOR CONTINGENCIES' . . .. . .. . . . . . . .. . . .. . . .•.• 1,007,416.00 . .. . .. . 3,112,593.18 ACCRUED TAXES. UNEARNED DISCOUNT. AND OTHER LIABILITIES···· TOTAL LIABILITIES· .............................•....... 256.760.23 $819,925,782.97 DISTRIBUTION OF NET INCOME-1935 NET INCOME AVAILABLE JANUARY " 1935. FOR RESERVES AND DIVIDENDS TO DECEMBER 31. 1935· $ ......•........••.. 1,050,230.14 DISTRIBUTION: DEPRECIATION ALLOWANCES ON BANK PREMISES······ .....••. $ 156,775.90 RESERVES FOR CONTINGENCIES' . . . . . • . . . . . . . . . . . . . . . . . . . . . . . 112,593.18 DIVIDENDS 772.126.76 PAID FOR YEAR 1935···· . . . . . . . . . . . . . . . . . . . . . . . . SECTION 13B EARNINGS PAID THE UNITED TOTAL ... , .....................•..................... STATES···· . . . . . . . . . 8.734.30 $ 1,050,230.14 DIRECTORS AND OFFICERS-1936 DIRECTORS CLASS BEN R. CONNER. CHESS ROBERT CLASS A LAMBERTON. JOHN PA ...........•.....•... 1937 R. P. WRIGHT. ERIE. PA ..............•.......•....•.•..... WARDROP. , 1937 PITTSBURGH. PA .......•........... 1938 G. D. CRABBS. CINCINNATI. OHIO ...........•......•..... 1938 FRANKLIN. CLASS W. W. KNIGHT. E. GALVIN. B 1936 ADA. OHIO .............•...•...•...•... LIMA. OHI0 ..•..........•••......•..... 1936 C TOLEDO. OHIO ...............•.......•............ 1936 (VACANCy) 1937 E. S. BURKE. JR. (ACTING CHAIRMAN). CLEVELAND. OHIO 1938 OFFICERS M. J. FLEMING ....................••................ F. J. ZURLINDEN H. F. STRATER ......•........•.......... GovERNOR .........•.........••.......• .......•••....... D. B. CLOUSER ACTING FEDERAL RESERVE AGENT J. B. ANDERSON ASSISTANT FEDERAL RESERVE AGENT HOWARD DEPUTY GOVERNOR W. F. TAYLOR .........•................................ C. W. ARNOLD W. H. FLETCHER ASSISTANT FEDERAL RESERVE AGENT DEPUTY GOVERNOR .......•••.................. CASHIER ASSISTANT DEPUTY GOVERNOR ASSISTANT CASHIER P. A. BROWN ............•..•.............. E. A. CARTER ....................•........ ASSISTANT CASHIER ....•........................ F. V. GRAYSON ASSISTANT CASHIER A. G. FOSTER EVANS ...........•.......••................... AuDITOR ASSISTANT CASHIER R. B. HAYS : ASSISTANT CASHIER MEMBER, A. E. BRAUN. W. L. FINDEISEN FEDERAL A. H. LANING ...........••.......••........ ADVISORY ASSISTANT AUDITOR ASSISTANT AUDITOR COUNCIL PRESIDENT. FARMERS DEPOSIT NATIONAL BANK. PITTSBURGH. PA. CINCINNATI BRANCH DIRECTORS W. H. COURTNEY .................••...... OFFICERS LEXINGTON. Ky. B. H. KROGER ................•.............. CINCINNATI. CINCINNATI. OHIO J. J. ROWE .....................••........... CINCINNATI. OHIO S. B. SUTPHIN CINCINNATI. .....•........................ MANAGING DIRECTOR OHIO B. J. LAZAR ........••...••...••.•••...•..... B. J. LAZAR OHIO ........••.......••........... GEO. M. VERITY ......•.......•............ MIDDLETOWN. OHIO PITTSBURGH H. N. OTT ..............•...............••.......••...... B. KENNELLY ...........•••......••....... R. G. JOHNSON .......••.....•.•...•...... CASHIER ASSISTANT CASHIER ASSISTANT CASHIER BRANCH DIRECTORS OFFICERS A. E. BRAUN PITTSBURGH. PA. T. C. GRIGGS ........•..•..................... PITTSBURGH. PA. J. S. JONES ...........•••................... WHEELING. W. VA. H. B. Mc DOWELL ......•.........••.............. LLOYD ......••.......•.....•..... .....•.......•.•......••..... PITTSBURGH. PA. G. H, WAGNER MANAGING DIRECTOR .............•.........................•. CASHIER PiTTSBURGH. PA. W. SMITH H. S. WHERRETT SHARON, PA, T. C. GRIGGS F. E. COBUN ...........•.....•............ C. J. BOLTHOUSE ..............•......... ASSISTANT CASHIER ASSISTANT CASHIER
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