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R E P O R T OF THE  BANK COMMISSIONER   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  OF ARKANSAS 1954  A. R. MERRITT State Bank Commissioner   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  FORTIETH REPORT OF THE  BANK  C O M M ISSIO N E R OF THE  STATE OF ARKANSAS  FOR THE YEAR ENDING JUNE 30, 1954   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  A.  R. MERRITT  State Rank Commissioner   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  STATE OF ARKANSAS OFFICE OF STATE BANK DEPARTMENT July 1, 1954 To His Excellency Francis Cherry Governor of Arkansas Sir: I have the honor of submitting to you the Fortieth Annual Report of the State Bank Department for the fiscal year ending June 30, 1954, in compliance with the terms and provisions of Act 113 of 1913 (Now found in Section 67-111, Arkansas Statutes of 1947). The report reflects the condition of the State-charter­ ed banks and trust companies, building and loan associations, in­ dustrial loan companies, credit unions and other factual data pertaining to the operation of the Department.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Respectfully submitted A. R. Merritt State Bank Commissioner  TABLE OF CONTENTS  Page Legal Holidays___________________________________________________________ 6 Departmental Roster______________________________________________________ 7 Commissioners of State Bank Department_________________________________ 8 Receipts and Disbursements_______________________________________________ 9 Officials Arkansas Bankers Association 1953-1954_________________________ 10 Officials Junior Bankers Section 1953-1954_______________________________ 10 Officers Federal Reserve Bank of St. Louis, Missouri____________________ 11 Officers Little Rock Branch Federal Reserve Bank of St. Louis, Missouri ______________________________  11  Examiners Federal Deposit Insurance Corporation for Arkansas__________ 11 Examiners National Bank Department in Arkansas_______________________11 Comparative Abstract showing condition of State Banks and Trust Companies as of June 30, 1954 and June 30, 1953____________________ 12 Comparative Abstract showing condition of State and National Banks as of December 31, for the years 1953-1949___________________ 13 Comparative statement of condition of State Banks and Trust Companies for the past thirty-three years___________________________ 14 Consolidated report of Earnings and Dividends of State Banks and Trust Companies for the twelve months ending December 1953________ 15 Banking Facilities by Counties including State and National Banks, Teller’s Windows and Cooperative Exchanges______________________16-17 National Banks in Arkansas______________________________________________ 18 Members of Federal Reserve System_____________________________________ 19 Commercial Banks Non-Members of Federal Deposit Insurance Corporation ________________________________________________________ 19 Trust Companies not engaged in commercial banking and non­ members of Federal Deposit Corporation_____________________________ 19 State Banks Operating Teller’s Windows_________________________________ 20 National Banks Operating Teller’s Windows_____________________________ 20 New Banks Chartered___________________________________________________ 20 Amendments Altering Capital Structure_______________________________ 20-21 Other Amendments______________________________________________________ 21 Ratio of Total Capital Accounts to Total Liabilities____________________ 21-23 Individual statement of condition of all State Banks and Trust Companies as of June 30, 1953___________________________________ 25-119 Combined and individual statement of condition of Cooperative Exchanges as of June 30, 1953__________________________________ 120-122 Combined and individual statement of condition of Building and Loan Associations as of December 31, 1952_______________________125-129  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Page  List of Voluntarily Liquidating State Chartered Building and Loan Associations__________________________________________________ 130 Supervised loan companies under Act 397 of 1947 as of June 30, 1954___'___________________________________________________ 132 Mortgage loan companies under Act 397 of 1947 as of June 30, 1954______133 Combined and individual statement of condition of Industrial Loan Institutions operating under Act 111 of 1941 as of June 30, 1954_________________________________________________ 134-137 Combined and individual statement of condition of Credit Union as of December 31,1953________________________________________ 138-149 Qualified  Stock Exchanges_____________________________________________ 150  Issuers Registered by Qualification under Act 397 of 1947 as of June 30,1954_______________________________________________ 151-152 Issuers Registered by Notification under Act 397 of 1947 as of June 30,1954___________________________________________________ 153 Dealers authorized to sell qualified or exempt Securities as of June 30,1954___________________________________________________ 154   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  6  State of Arkansas: Bank Department  LEGAL HOLIDAYS _________ . .January 1.  New Year’s Day _  Robert E. Lee’s Birthday _  January 19.  George Washington’s Birthday.  February 22.  Memorial Day  ____  Independence Day  _  _ .. -May 30. . -July 4.  _  Commemorating the end of World War II_  _ August 14.  Labor D ay.  . -First Monday in September  _  .  November 11.  Thanksgiving Day  .  Any day made or designated by Act of Congress.  Christmas Day  _ December 25.  Armistice Day  _____  _  All Biennial Statewide Primary and General Election Days.  All Bills of Exchange, Drafts or Promissory Notes, which shall become payable on a legal holiday shall be payable on the day next succeeding such holiday. In case any legal holiday which falls on Sunday, the next succeeding Monday shall be a legal holiday in its stead.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Fortieth Report  7  DEPARTMENTAL ROSTER A. R. Merritt_____________________State Bank Commissioner Theo P. Carson___________________ Assistant Bank Commissioner John L. Carter____________________ Assistant Commissioner in charge Building and Loan and Securities Division. BANK EXAMINERS D. S. Patterson J. A. Welty  F. C. Rayburn Phillip R. White Olan B. Wages  ASSISTANT EXAMINERS H. Doyle Jones  R. C. Willcox  BUILDING AND LOAN AND SECURITIES EXAMINER T. Y. Cooper CLERKS AND STENOGRAPHERS Patsy R. Emerson  Helen James Betty Morton  Nora S. Powers  STATE BANKING BOARD C. E. Crossland, Chairman_____________________ Little Rock John W. Edwards______________________________ Batesville Lawson T. Garner______________________________ Crawfordsville James H. Kays________________________________ Fayetteville F. J. White______________ ,____________________ Prescott Theo P. Carson, Secretary______________________ Little Rock  OFFICE Room 270, State Capitol Building Telephone Franklin 2-3161   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  State of Arkansas: Bank Department  8  COMMISSIONERS OF THE STATE BANK DEPARTMENT STATE OF ARKANSAS Name Date of Appointment Date Service Ended No. 1 John M. Davis_____ March 6, 1913___________October 3. 1918 2 A. J. Reap__________October 3, 1918__________March 22, 1919 3. W. T. Maxwell_____ March 22, 1919__________September 1, 1921 4. Charles McKee_____ September 1, 1921_______July 28, 1925 5. Loid Rainwater_____July 28, 1925____________February 8, 1927 6 Walter E. Taylor____ February 8, 1927_______ January 10, 1933 7. Marion Wasson_____ January 10, 1933_______ January 12, 1937 8. Grover S. Jemigan__January 12, 1937_______ January 14, 1941 9. Thomas W. Leggett_ January 14, 1941_______ February 1, 1949 10. S. J. Dean__________February 1, 1949________ December 31, 1949 11 Ed I. McKinley, Jr.—December 31, 1949______ March 14, 1953 12 A. R. Merritt_______March 14, 1953__________  .. .  ..   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Fortieth Report  9  FORTIETH REPORT STATE BANK DEPARTMENT The following is a statement showing the receipts and disbursements of the State Bank Department from July 1, 1953 to June 30, 1954. RECEIPTS Cash Balance with State Treasurer June 30, 1953________________ $108,591.57 Examination and Assessment Fees— Bank Division___ $48,064.28 Charter and Amendment Fees— Bank Division________ 1,295.00 Miscellaneous Fees— Bank Division__________________ 685.75 Examination and Assessment Fees— 3,053.87 Bldg. & Loan Division__________________________ Miscellaneous Fees— Securities Division_______________ 17,150.36 70,249.26 $178,840.83 DISBURSEMENTS  Salaries—Administrative _______________________________________$ 18,500.00 Salaries—Examining Division____________________________________ 31,560.00 Salaries— Office Force___________________________________________ 10,125.00 Maintenance _____________________________________________ 7,812.15 Travel Expense__________________________________!.______________ 5,275.76 Charges by State Treasurer—Handling Fees______________________ 1,049.72 Charges by State Treasurer—Department contributions to Social Security: 3rd Quarter, 1953_____________________________ $204.12 4th Quarter, 1953______________________________ 97.19 1st Quarter, 1954_______________________________ 308.70 2nd Quarter, 1954______________________________ 303.01 Charge— Check Entered Twice on Books________________________  913.02 15.00  Cash Balance with State Treasurer June 30, 1954_________________  $ 79,250.65 99,590.18   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $178,840.83  10  State of Arkansas: Bank Department  ARKANSAS BANKERS ASSOCIATION 1954-55 President_________ .Louis E. Hurley, President, The Exchange Bank & Trust Company, El Dorado Vice President___ H. A. Lewis, President, First National Bank, Fayetteville Treasurer_________ Charles H. Orth, Vice President, Union Nation­ al Bank, Little Rock Secretary_________ Jeff Burnett, 621 Pyramid Building, Little Rock Ass’t Secretary____Miss Thelma Bruce, 621 Pyramid Building, Lit­ tle Rock  EXECUTIVE COUNCIL Sam Bowman______ W. L. Jameson, Jr. L. W. Harris______ Carle Robbins______ G.  H.. Sexton______  R. J. Rice_________ B. J. Lambert, Jr__ C. E. Crossland, Jr. Sam E. Babb______ J. C. Reeves_______  McGehee Magnolia Rogers Fort Smith Hot Springs N. Little Rock Holly Grove Paragould El Dorado Pine Bluff  COUNCILMEN-AT-LARGE B. A. Lynch-------------------------------------------------------Blytheville Basil Hoag______________________________________ Texarkana  OFFICERS JUNIOR BANKERS SECTION ARKANSAS BANKERS ASSOCIATION President_________ J. B. Waddington____________ Little Rock Vice President____ Doyl E. Brown_______________ Wynne Secretary_________ Howell N. Davis_______________Pine Bluff Treasurer_________ T. J. Vinson___________________ Harrison   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Fortieth Report  11  FEDERAL RESERVE BANK OF ST. LOUIS, MISSOURI DISTRICT NO. 8 President ________________________________ Delos C. Johns 1st Vice President_______________________ Frederick L. Deming Vice President__________________________ Wm. E. Peterson Vice President__________________________ J. C. Wotawa Vice President__________________________ Dale M. Lewis Vice President and Secretary______________ H. H. Weigel Vice President____Fred Burton__________________ Little Rock Vice President___ V. M. Longstreet_____________ Louisville Vice President___ Darryl R. Francis____________ Memphis Chief Examiner__ Geo. E. Kroner_______________St. Louis LITTLE ROCK BRANCH FEDERAL RESERVE BANK OF ST. LOUIS, MISSOURI Vice President and Manager______________ Fred Burton Assistant Manager______________________ Marvin L. Bennett Assistant Manager______________________ W. J. Bryan Assistant Manager______________________ Clifford Wood FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT NO. 6 1059 Arcade Building, St. Louis, Mo. Supervising Examiner_____________________ C. M. Dunn Ass’t. Supervising Examiner______________ Rex Clark EXAMINERS FOR ARKANSAS Fred H. Caudle______________ Salinger Bldg., North Little Rock Henry M. Frazer_____________ Salinger Bldg., North Little Rock Ray M. Waters_______________ Salinger Bldg., North Little Rock NATIONAL BANK EXAMINERS FOR ARKANSAS Reed Dolan, Chief National Bank Examiner, 416 No. Broadway, St. Louis, Mo. Richard B. Hanlen, P. 0. Box 2180, Little Rock, Arkansas Isaac T. Shaw, P. 0. Box 825, Fort Smith, Arkansas   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  COM PARATIVE ABSTRACT SHOWING THE CONDITION OF STATE BANKS AN D TRUST COMPANIES OF A RK A N SA S AS OF JUNE 30, 1954 AN D JUNE 30, 1953  June 30,1953 177  RESOURCES: Cash and due from b a n k s ----- --------U. S. Government obligations---------Other bonds and securities — _ _ Loans and discounts — ---------Banking house, furniture and fixtures Other real estate ---------- --- --------Other resou rces___ __ ___________  $116,317,240.58 135,033,389.24 38,162,664.90 159,092,469.86 2,932,900.61 75,981.17 937,231.52  $117,406,392.38 152,351,086.52 37,529,243.80 125,554,203.01 2,811,761.61 56,349.53 721,062.74  $ 633,421.10 33,538,266.85 121,139.00 19,631.64 216,168.78  TOTAL RESOURCES___________  $452,551,877.88  $436,430,099.59  $16,121,778.29 (Net)  LIABILITIES: Demand deposits Savings and time deposits-----------------U. S. Government deposits___________ Public Funds------- — ------------------------Deposits of b a n k s __________________  $283,348,151.79 65,034,486.37 5,239,164.24 44,914,531.35 12,788,220.74  $287,783,175.58 53,139,483.71 3,179,907.75 43,063,703.46 11,418,050.00  $11,895,002.66 2,059,256.49 1,850,827.89 1,370,170.74  TOTAL DEPOSITS_____________ Other Liabilities1_____________________  $411,324,554.49 429,616.15  $398,584,320.50 679,175.15  $12,740,233.99 (Net)  TOTAL LIABILITIES_______________  $411,754,170.64  $399,263,495.65  $12,490,674.99 (Net)  CAPITAL ACCOUNTS: Capital Stock________ _______ ____ S u rp lu s_— _ _ — — — --------Undivided profits and reserves_______  $ 11,670,000.00 12,828,000.00 16,299,707.24  $ 11,067,500.00 11,665,000.00 14,434,103.94  $  $ 40,797,707.24  $ 37,166,603.94  $ 3,631,103.30  $452,551,877.88  $436,430,099.59  $16,121,778.29 (Net)  TOTAL CAPITAL ACCOUNTS— TOTAL CAPITAL ACCOUNTS AND LIABILITIES________  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Increase 1  Decrease  $ 1,089,151.80 17,317,697.28  $ 4,435,023.79  249,559.00  602,500.00 1,163,000.00 1,865,603.30  M  State of Arkansas: Bank Department  June 30, 1954 178  Number of Banks Reporting  m  COM PARATIVE A BSTRA CT SHOWING CONDITION OF STATE AND NATION AL BANKS OF ARK AN SAS AS OF DECEMBER 31. 1953-1949  1953 230  Number of banks  1952 230  1951 230  1950 229  1949 227  $ 296,659,000 315.113.000 91,377,000 314.041.000 5.540.000 132,000 1.795.000  $ 300,018,000 355.272.000 87,041,000 252.782.000 5.123.000 101,000 1.314.000  $299,046,000 340.533.000 82,305,000 221.646.000 4.923.000 63,000 1.243.000  $290,995,000 336.852.000 73,171,000 203.864.000 4.487.000 107,000 1.181.000  $258,063,000 335.019.000 66,282,000 192.620.000 4.205.000 135,000 1.064.000  TOTAL RESOURCES__________________  $1,024,657,000  $1,001,651,000  $949,759,000  $910,657,000  $857,388,000  LIABILITIES: Capital Stock________________ _________ Surplus ______________ ________ ____ Undivided profits and reserves  $  22,428,000 28,221,000 24,946,000  $  21,880,000 26.481.000 22.916.000  $ 21,035,000 24.234.000 21.069.000  $ 19,745,000 22.970.000 18.666.000  $ 18,133,000 20.591.000 16.850.000  Total capital account__ ________ _______  $  75,595,000  $  Deposits__________ _____________________ Other liabilities ___ TOTAL LIABILITIES   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  71,277,000  $ 66,338,000  $ 61,381,000  $ 55,574,000  945,731,000 3,331,000  927,595,000 2,779,000  881,253,000 2,168,000  847,289,000 1,987,000  799,721,000 2,093,000  $1,024,657,000  $1,001,651,000  $949,759,000  $910,657,000  $857,388,000  Fortieth Report  RESOURCES: Cash and due from banks ____________ U. S. Government obligations__ ___ Other bonds and securities_____________ Loans and d iscou n ts,__ ______ ___ __ Banking house, furniture and fixtures__ Other real estate_________________ ___ Other resources__________ __ ___  co  COMPARATIVE STATEMENT* OF CONDITION OF STATE BANKS AND TRUST COMPANIES FOR PAST' THIRTY-THREE YEARS  1922_____ 1923_____ 1924_ 1925_____ 1926__ 1927_ —. 1928_____ 1929_____ __ 1930. 1931_____ 1932 ____ 1933_____ ___ 1934_____ 1935_____ 1936_____ 1937_____ 1938_____ 1939_____ 1940_____ 1941_____ 1942_____ 1943 ___ 1944_ 1945_____ 1946_____ 1947_____ 1948_____ 1949_____ . _ 1950_____ 1951_____ . _ 1952_____ 1953_____ 1954_____   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Number Banks 402 403 397 396 394 376 358 347 329 265 223 202 189 180 178 176 171 167 169 166 166 161 161 163 169 170 174 174 176 177 178 177 178  Deposits 106,276,400 128,580,700 123,365,300 136,552,900 142,107,300 134,788,700 135,849,800 137,636,800 131,936,800 92,097,800 62,043,400 47,335,000 41,756,400 50,646,500 59,441,000 66,036,600 66,771,000 73,397,300 79,079,100 94,733,000 128,975,900 190,153,500 226,832,800 302,720,500 355,193,200 346,132,500 340,469 900 344,900,700 354,288,100 358,571.300 383,178,600 398,584,300 411,324,600  Loans and Discounts 101,031,600 109,443,400 114,950,900 117,669,200 123,464,400 112,051,800 109,167,900 109,438,700 111,542,200 67,063,800 46,374,800 29,925,600 23,434,300 25,039,400 22,088,500 24,965,600 29,138,400 36,443,100 32,496,900 33,420,100 30,666,600 30,497,300 42,121,000 50,282,600 49,928,600 70,403,400 82,157,200 101,075,200 94,148,700 108,035,400 120,769,700 125,554,200 159,028,000  Borrowed Money 14,857,200 9,639,800 14,237,400 13,403,100 13,078,300 8,011,600 7,120,500 8,333,200 12,018,900 3,356,600 7,676,700 6,798,200 3,515,800 320,500 148,300 233,500 88,100 206,100 72,300 75,100 56,700 83,700 81,700 106,700 131,700 116,700 221,700 118,200 148,200 133,200 58,200 298,200 58,200  Cash 27,074,700 34,083,000 28,651,300 34,129,800 35,902,800 35,390,100 33,484,400 32,607,700 30,886,200 26,347,000 20,014,800 19,530,100 18,594,700 20,827,300 29,198,000 28,661,800 26,501,600 27,761,400 34,852,000 46,087,100 75,993,000 88,424,600 87,156,400 115,746,100 114,416,400 102,647,800 96,311,500 96,605,800 102,081,300 102,013,000 114,420,700 117,406,400 116,317,200  U. S. Gov’t Bonds 3,558,000 6,626,900 3,604,000 4,720,100 4,401,600 4,426,700 6,048,500 8,403,100 4,892,500 4,101,500 6,061,500 6,946,200 7,155,500 9,206,600 11,254,400 12,197,200 10,842,300 9,198,600 10,664,100 12,705,800 21,423,800 71,252,800 97,906,100 137,559,700 187,100,000 170,818,800 160,340,700 148,075,000 158,652,300 148,390,100 144,775,800 152,351,100 135,033,400  Capital Structure 25,270,900 25,842,200 25,770,300 25,186,900 25,374,100 24,424,800 23,434,400 23,593,100 23,169,300 17,551,500 14,937,100 12,398,500 12,047,800 11,693,400 11,769,900 12,059,300 12,084,800 12,280,700 12,567,100 12,805,500 13,316,600 13,904,500 15,076,800 16,624,500 18,908,900 21,414,700 23,769,900 26,381,700 29,064,500 31,611,000 34,416,400 37,166,600 40,797,700  Total Resources 145,697,700 162,928,400 161,946,800 171,348,400 179,174,100 167,369,800 167,013,100 170,668,000 168,358,500 114,721,200 85,708,100 67,506,400 57,423,900 62,770,700 71,508,200 78,432,900 79,016,200 85,961,400 92,002,700 107,936,900 142,710,700 204,492,600 242,132,900 319,689,500 374,451,600 367,934,700 364,722,300 371,711,900 383,815,000 390,770,400 417,987,700 436,430,100 452,551,900  State of Arkansas: Bank Department  Date June 30, June 30, June 30, June 30, June 30, June 30, June 30, June 29, June 30, June 30, June 30, June 30, June 30, June 29, June 30, June 30, June 30, June 30, June 29, June 30, June 30, June 30, June 30, June 30, June 29, June 30, June 30, June 30, June 30, June 30, June 30, June 30, June 30,  m  Fortieth Report  15  CONSOLIDATED REPORT OF EARNINGS AND DIVIDENDS OF STATE BANKS AN D TRUST COMPANIES FOR TW ELVE MONTHS ENDING DECEMBER. 1953  EARNINGS: Interest and discount on loans_______________ $7,599,089.61 Interest and dividends on securities__________ 3,926,171.08 Service charges, exchange charges, etc_______ 2,685,142.94 Other operating earnings______ _______________ 315,554.49 $14,525,958.12  Total earnings from operations. EXPENSES: Salaries, wages and directors’ fees___________ $5,083,347.21 757,123.24 Interest paid on time deposits_______________ Interest paid on borrowed money_____________ 7,520.28 Taxes other than on income_________________ 366,397.36 Taxes on income_____________________________ 1,662,447.60 Other current expenses_____________________ 2,767,301.52  Total current expenses_______________________________ $10,644,137.21 Net current operating earnings----------------------------------- $ 3,881,820.91 RECOVERIES AND PROFITS: On securities______________________ _________ $ 66,914.42 On loans____________________________________ 109,579.77 All oth ers__________________________________ 72,981.26 249,475.45 $ 4,131,296.36 LOSSES CHARGED OFF: On securities________________________________$ 277,124.35 On loans____________________________________ 380,600.55 All others___________________________________ 154,663.48 812,388.38 $ 3,318,907.98 DIVIDENDS PAID: Cash dividends on common stock------- -----------$1,110,817.50 On preferred stock---------------------------------------121.57 1,110,939.07 Net profits after dividends----------------------------------------------- $ 2,207,968.91 OTHER DECREASES IN CAPITAL ACCOUNTS: Preferred stock retired---------------------------------- $  2,500.00 2,500.00  NET ADDITION TO CAPITAL ACCOUNT FOR 1953  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$ 2,205,468.91  16  State of Arkansas: Bank Department  BANKING FACILITIES BY COUNTIES INCLUDING STATE AND NATIONAL BANKS, TELLER’S WINDOWS AND COOPERATVE EXCHANGES State National Teller’s County__________________________ Banks_____ Banks Windows Arkansas_____________________ 2 2 1 6 Ashley________________________ Baxter________________________ 1 Benton________________________ 4 1 1 Boone________________________ 2 Bradley_______________________ 2 1 Calhoun_______________________ 1 Carroll________________________ 1 2 Chicot________________________ 8 4 2 Clark_________________________ Clay---------------------------------------3 Cleburne______________________ 2 1 Cleveland___________ 2 Columbia_____________________ 3 1 Conway_______________________ 1 Craighead_____________________ 5 1 1 Crawford--------------------------------4 Crittenden____________________ 4 1 Cross_________________________ 3 1 Dallas________________________ 2 1 Desha_________________________ 2 1 Drew_________________________ 3 Faulkner______________________ 1 1 Franklin______________________ 2 Fulton________________________ 2 Garland---------- •-----------------------1 1 Grant_________________________ 1 Greene________________________ 1 2 1 Hempstead____________________ 1 2 Hot Spring___________________ 1 1 Howard_______________________ 1 2 Independence--------------------------2 1 Izard_________________________ 3 2 2 1 Jackson_______________________ Jefferson_____________________ 1 2 Johnson________'______________ 1 Lafayette_____________________ 3 1 1 2 Lawrence_____________________ Lee___________________________ 1 1 Lincoln_______________________ 1 Little River___________________ 1 1 Logan________________________ 2 1 Lonoke________________________ 5 Madison___________ 1__________ 2 1 Marion_______________________ 1 Miller_________________________ 1 Mississippi____________________ 6 1 3 Monroe_______________________ 3 Montgomery__________________ 1 Nevada_______________________ 1 Newton_______________________ 1 Ouachita______________________ 4 1  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Cooperative Exchanges  1  1  17  Fortieth Report  BANKING FACILITIES BY COUNTIES INCLUDING STATE AN D NATION AL BANKS, TELLER’ S W INDOW S A N D COOPERATVE EXCHANGES  State National County__________________________ Banks_____ Banks Perry_________________________ 1 Phillips____________________________ 4 2 Pike__________________________ 3 Poinsett______________________ 6 1 Polk_________________________ , 1 1 Pope_________________________ 5 Prairie_______________________ 2 Pulaski_______________________ 4 3 Randolph_____________________ 2 St. Francis___________________ 2 2 Saline________________________ 2 Scott_________________________ 1 Searcy________________________ 2 Sebastian_____________________ 4 Sevier________________________ 2 1 Sharp________________________ 4 Stone_________________________ 1 Union________________________ 4 2 Van Buren____________________ 1 Washington___________________ 5 2 White________________________ 7 Woodruff_____________________ 2 Yell__________________________ 3   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  178  53  Teller’s Windows  Cooperative Exchanges  1  1 32 1  2 1 1 22  3  18  State of Arkansas: Bank Department  NATIONAL BANKS IN ARKANSAS Name_______________________________ Location______ Citizens National Bank________________ Arkadelphia__ First National Bank__________________ Ashdown--------First National Bank__________________ Batesville------First National Bank_______________ _—Berryville------First National Bank__________________ Blytheville-----Citizens National Bank________________ Camden_______ Farmers National Bank________________ Clarksville-----First National Bank___________________ Conway----------First National Bank___________________ DeQueen--------First National Bank----------------------------- DeWitt----------First National Bank___________________ El Dorado____ National Bank of Commerce___________El Dorado____ First National Bank___________________ Fayetteville___ First National Bank___________________ Fordyce_______ National Bank of Eastern Arkansas------Forrest City__ City National Bank___________________ Fort Smith___ First National Bank__________________ Fort Smith___ Merchants National Bank______________ Fort Smith___ First National Bank__________________ Green Forest-. First National Bank__________________ Gurdon_______ Arkansas National Bank--------------------- Heber Springs. Helena National Bank____________- — Helena-----------Phillips National Bank________________ Helena_______ Citizens National Bank________________ Hope_________ First National Bank__________________ Hope_________ Arkansas National Bank______________Hot Springs Planters National Bank_______________ Hughes_______ First National Bank__________________ Huntsville____ Peoples National Bank________________ Jonesboro_____ First National Bank__________________ Lewisville_____ Commercial National Bank____________Little Rock___ First National Bank___________________ Little Rock___ Union National Bank_________________ Little Rock___ Firsts National Bank_________________ Magnolia_____ Malvern National Bank________________ Malvern______ First National Bank__________________ Marianna_____ Planters National Bank_______________ Mena_________ First National Bank_________________ Nashville_____ First National Bank_________________ Newport______ National Bank of Commerce_________ Paragould____ First National Bank_________________ Paragould____ First National Bank_________________ Paris_________ National Bank of Commerce____________Pine Bluff____ Simmons National Bank--------------------- Pine Bluff____ American National Bank______________Rogers_______ First National Bank__________________ Springdale____ Peoples National Bank________________Stuttgart_____ State National Bank__________________ Texarkana____ Trumann National Bank______________Trumann_____ First National Bank__________________ Tuckerman____ Citizens National Bank________________Walnut RidgeFirst National Bank of Lawrence Co._Walnut Ridge_ First National Bank__________________ Wynne_______   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  County______ -C lark —Little River - -Independence --Carroll --Mississippi --Ouachita --Johnson -.Faulkner --Sevier .-Arkansas -Union -Union --Washington -.Dallas _.St. Francis -.Sebastian -.Sebastian -.Sebastian --Carroll --Clark -.Cleburne -.Phillips -Phillips --Hempstead --Hempstead -.Garland --St. Francis --Madison --Craighead --Lafayette -.Pulaski —Pulaski -.Pulaski -.Columbia -H ot Spring --Lee -P o lk .-Howard --Jackson —Greene -.Greene --Logan —Jefferson —Jefferson —.Benton —Washington .-Arkansas -M iller —Poinsett —Jackson .-.Lawrence .-Lawrence  19  Fortieth Report  MEMBERS OF FEDERAL RESERVE SYSTEM Date of Admission  Name of Bank and Location  Capital and Surplus  April 21, 1941_______ Elk Horn Bank & Trust Company------------- $200,000.00 Arkadelphia April 15, 1953_______ The Citizens Bank_________________________ 150,000.00 Batesville August 23, 1918_____ Farmers Bank & Trust Company---------------- 900,000.00 Blytheville May 10, 1944________ Bank of Brinkley_________________________ 150,000.00 Brinkley April 28, 1941_______ The Merchants & Planters Bank___________ 150,000.00 Camden September 11, 1942-----The Exchange Bank & Trust Company------- 200,000.00 El Dorado January 7, 1944_____ Mcllroy Bank--------------------------------------------- 250,000.00 Fayetteville September 22, 1933___ Fordyce Bank & Trust Company---------------- 200,000.00 Fordyce September 25, 1942___ Arkansas Trust Company_________________ 800,000.00 Hot Springs July 26, 1945'------------- Peoples Bank & Trust Company___________ 105,000.00 Lewisville March 20, 1919------------Worthen Bank & Trust Company-------------2,000,000.00 Little Rock September 20,1944___ Farmers & Merchants Bank______________ 125,000.00 Marianna July 21, 1920------------- The Bank of Russellville__________________ 120,000.00 Russellville August 23, 1923---------Peoples Exhange Bank_____________________ 120,000.00 Russellville June 9, 1942---------------Grant County Bank_______________________ 100,000.00 Sheridan April 11, 1944------------Smackover State Bank_____________________ 125,000.00 Smackover May 20, 1921_________Bank of Waldron__________________________ 125,000.00 Waldron COMMERCIAL BANKS—NON MEMBERS FEDERAL DEPOSIT INSURANCE CORPORATION Name  Location  Farmers & Merchants Bank_______________________ Des Arc Portland Bank____________________________________ Portland Band of Sidney_____________________________________ Sidney TRUST COMPANIES NOT ENGAGED IN COMMERCIAL BANKING AND NON MEMBERS FEDERAL DEPOSIT INSURANCE CORPORATION Name  Location  Arkansas Valley Trust Company______ :_________Fort Smith Guaranty Loan & Trust Company______________ :___vHelena Metropolitan Trust Company___________________Little Rock   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  State of Arkansas: Bank Department  20  STATE BANKS OPERATING TELLER’S WINDOWS  Name of Bank  Location  Location Teller’s Window  Bald Knob .Benton DeWitt Earle Forrest City .Forrest City .Horatio .Greenwood .McGehee .Monette .Murfreesboro .Osceola Osceola .Paragould .Plainview .Searcy .Siloam Spgs. .Tuckerman .Warren .Wilson  White Bradford Saline Bauxite Arkansas Gillett Crawfordsville Crittenden Cotton Plant Woodruff De Vails BluffPrairie Howard Dierks Sebastian Hartford Arkansas CityDesha Craighead Caraway Mineral Spgs. Howard Mississippi Joiner Mississippi Lujxora Greene Marmaduke Yell Ola White McRae Benton Gentry Jackson Swifton Bradley Hermitage Mississippi Keiser  County  NATIONAL BANKS OPERATING TELLER’S WINDOWS First National Bank______________ Fort Smith State National Bank_____________Texarkana  Camp Chaffee Sebastian Foreman Little River  NEW BANKS CHARTERED July 1, 1953 to June 30, 1954 Name, Location and Date  Capital  The Union Bank of Benton, Benton, Saline County January 11, 1954____ .__$100,000.00 Decatur State Bank, Decatur, Benton County, May 27, 1954 _ ___ 40,000.00  Surplus  Charter Number  $50,000.00  706  •20,000.00  707  AMENDMENTS ALTERING CAPITAL STRUCTURE July 1, 1953 to June 30, 1954 1. Citizens State Bank, Bald Knob, increased capital from $25,000.00 to $50,000.00 by the declaration of a 100% stock dividend. 2. Benton State Bank, Benton, increased capital from $200,000.00 to $250,000.00 by the sale of $50,000.00 par value of new stock. 3. Bank of Bentonville, Bentonville, increased capital from $60,000.00 to $70,000.00 by the declaration of a 16 2/3% stock dividend. 4. The Merchants and Planters Bank, Clarendon, increased capital from $50,000.00 to $100,000.00 by the declaration of a 100% stock dividend. 5. The Corning Bank, Corning, increased capital from $50,000.00 to $100,000.00 by the declaration of a 100% stock dividend. 6. The First Bank, Griffithville, increased common stock from $13,000.00 to $20,000.00 by the declaration of a $7,000.00 stock dividend and retired $2,000.00 par value of preferred stock owned by the Reconstruction Finance Corporation, leaving the total capital at $20,000.00 all of which is common stock.  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  21  Fortieth Report  7. Farmers Bank, Hamburg, increased capital from $25,000.00 to $50,000.00 by the declaration o f a 100% stock dividend. 8. The Security Bank, Harrison, increased capital from $100,000.00 to $125,000.00 by the sale of $25,000.00 par value of new stock and to $150,000.00 by the declaration of a 20% stock dividend. 9. Arkansas Trust Company, Hot Springs, increased capital from $300,000.00 to $400,000.00 by the declaration of a 33 1/3% stock dividend. 10. McGehee Bank, McGehee, increased capital from $150,000.00 to $200,000.00 by the declaration of a 33 1/3% stock dividend. 11. Bank of Nettleton, Nettleton, increased capital from $40,000.00 to $80,000.00 by the declaration of a 100% stock dividend. 12. Bank of New Edinburg, New Edinburg, increased capital from $12,500.00 to $25,000.00 by the declaration of a 100% stock dividend. 13. The Searcy Bank, Searcy, increased capital from $100,000.00 to $150,000.00 by the declaration of a 50% stock dividend. 14. Bank of Tuckerman, Tuckerman, increased capital from $25,000.00 to $35,000.00 by the declaration of a 40% stock dividend. AMENDMENTS CHANGING NUMBER OF DIRECTORS July 1, 1953 to June 30, 1954 Name  Location  From  Bank of Tuckerman__________________ Tuckerman___________5 Bank of Mountain View______________Mountain View______ 5 Merchants and Farmers Bank_________ Dumas_______________7  To 5 to 9 4 to 157 to13  THE AVERAGE RATIO OF TOTAL CAPITAL ACCOUNTS tfo TOTAL LIABILITIES OF THE 178 ARKANSAS STATE BANKS AND TRUST COMPANIES AS OF JUNE 30, 1954 IS 9.0% THE FOLLOWING BANKS EQUAL OR EXCEED THIS FIGURE Name of Bank  Location  Bank of Amity_____________ __— Amity __________ Merchants and Planters Bank & Tr. Co. Arkadelphia Bank of Ash Flat____________________ Ash F la t ------Bank of Atkins______________________ Atkins ______ The Bank of Augusta________________ Augusta -----The Citizens Bank____________________ Batesville ___ Citizens Bank__________________________ Beebe ______ Benton State Bank____________________ Benton ______ The Union Bank of Benton____________ Benton -------Bank of Blevins______________________ Blevins _____ Farmers' Bank and Trust Company___ Blytheville __ The Bank of Bradley__________________ Bradley _____ Bank of Cabot---------------------------------------- Cabot ______ Ameiican State Bank________________C h arleston __ Bank of Cherry Valley________________Cherry Valley Bank of Chidester____________________ Chidester____ The Merchants and Planters Bank_____ C larendon___ Clinton State Bank___________________ Clinton _____ Danville State Bank__________________ Danville ____ Bank of Delight---------------------------------- Delight _____ Dermott State Bank___________________ Dermott ____ Farmers and Merchants Bank_________Des A r c ____ Bank of Dover________________________ Dover ______ Merchants and Farmers Bank________ D u m a s______ Earle State Bank____________________ Earle _______ The Delta State Bank__________________ Elaine ______ Bank of England____________________ England ____  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Percentage 10.4 11.1 13.9. 10.5 13.3 10.3 14.3 9.0 27.0 16.7 12.4 11.5 11.2 12.9 13.2 9.4 10.9 9.2 11.0 10.6 9.1 16.6 13.6 10.1 11.1 13.0 11.6  22  State of Arkansas: Bank Department  THE AVERAGE RATIO OF TOTAL CAPITAL ACCOUNTS TO TOTAL LIABILITIES OF THE 178 ARKANSAS STATE BANKS AND TRUST COMPANIES AS OF JUNE 30, 1954 IS 9.0% THE FOLLOWING BANKS EQUAL OR EXCEED THIS FIGURE Name of Bank Location The Citizens Bank____________________ England _______ The Eudora Bank____________________ E udora__________ Bank of Evening Shade________________ Evening Shade _ The Bank of Franklin________________ Franklin _______ Bank of Glenwood____________________ Glenwood ______ Clark County Bank----------------------------- Gurdon ________ Farmers Bank-------------------------------------Hamburg 1_______ Calhoun County Bank--------------------------H am pton_______ The Bank of Harrisburg--------------------- Harrisburg _____ Prairie County Bank__________________ Hazen _________ The Cleburne County Bank------------------ Heber Springs _ Valley Bank_________________________ Hindsville ______ Bank of Holly Grove__________________ Holly G ro v e ____ Newton County Bank__________________ Jasper __________ Farmers and Merchants Bank__________Judsonia _______ Union State Bank-------------------------------Junction C it y ___ Bank of Kingston-------------------------------Kingston _______ Farmers State Bank-------------------------- Lake C i t y _______ Bank of Lake Village-------------------------Lake Village ___ Citizens Bank of Lavaca______________ L a v a ca _________ Leachville State Bank_________________ Leachville ______ Little River Bank____________________ Lepanto ________ Leslie State Bank____________________ Leslie __________ Bank of Lincoln______________________ Lincoln _________ Bank of Lockesburg__________________ Lockesburg_____ Peoples Bank_________________________ Mammoth Spring Merchants and Planters Bank--------------- Manila _________ Bank of Mansfield____________________ Mansfield ______ Farmers and Merchants Bank--------------- Marianna_______ Citizens Bank________________________ M a rion __________ Marked Tree Bank____________________ Marked T r e e ___ Bank of Marvell ____________________ Marvell ________ McGehee Bank_______________________ McGehee _______ The Bank of Melbourne________________ Melbourne______ Commercial Loan and Trust Company_Monticello ______ Union Bank and Trust Company_____ Monticello ______ The Bank of Montgomery County______Mount I d a ______ Bank of Mountain View______________ Mountain View Bank of Mulberry____________________ M ulberry_______ Bank of Nettleton____________________ N ettleton_______ Bank of New Edinburg_______________ New Edinburg Merchants and Planters Bank__________ Newport _______ Mississppi County Bank______________ Osceola ________ The Planters Bank____________________ Osceola _________ The Security Bank & Trust Company. JParagould ______ Bank of Parkdale____________________ Parkdale _______ First State Bank---------------- ,--------------- Parkin __________ Bank of Pea Ridge____________________ Pea R id g e ______ The Perry County Bank______________ Perryville ______ Piggott, State Bank___________________ Figgott ________ First State Bank_____________________Plainview _______ The Peoples Bank____________________ Portland ________ Portland Bank_______________________ Portland ________ Citizens Bank------------------------------------- Pottsville _______ The Farmers and Merchants Bank______Prairie G rov e ___ Bank of Quitman---------------------------------Quitman ________  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Percentage _ 13.0 _ 11.7 _ 11.3 _ 14.4 9.0 9.5 _ 10.8 _ 13.9 9.6 9.7 _ 13.2 . 12.4 9.9 _ 10.3 _ 13.0 _ 11.4 9.4 _  10.6  _  11.1 9.2 11.8 16.1 9.9 10.9 11.9 9.1 16.0 10.3 12.7 9.4  _ _ _ _ _ _ _ .  10.2  _  13.8 9.6 9.7 12.1 13.6 9.6 12.6 11.5 /12.4 11.4 9.1 11.8 9.4  _ . .  _ _ . _ .  10.1  . . .  12.3 12.9 17.5  . .  10.2 12.0  _ . . .  14.1 13.6 14.9 14.6  . .  11.0 12.0  Fortieth Report  23  THE AVERAGE RATIO OF TOTAL CAPITAL ACCOUNTS TO TOTAL LIABILITIES OF THE 178 ARKANSAS STATE BANKS AND TRUST COMPANIES AS OF JUNE 30, 1954 IS 9.0% THE FOLLOWING BANKS EQUAL OR EXCEED THIS FIGURE Name of Bank The Bank of Rector_____________ The Bank of Rison______________ The Bank of Russellville________ Bank of Salem___________________ The Bank of Rison______________ The Bank of Russellville________ Bank of Salem__________________ Logan County Bank_____________ The Searcy Bank_______________ Security Bank___________________ Grant County Bank_____________ Smackover State Bank__________ Citizens Bank___________________ Bodcaw Bank___________________ Bank of Star City______________ Citizens Bank___________________ Citizens Bank___________________ Bank of Trumann______________ Tyronza Bank___________________ Citizens Bank and Trust Company. Warren Bank____________________ Bank of West Memphis_________ Rice Growers Bank_____________ Wilmot State Bank_____________ Bank of Wilson_________________ Cross County Bank____________ The Bank of Yellville___________   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Location Percentage 11.5 .Rector __________________ _ _ 14.0 .Rison ______ __ .Russellville___ __ 10.7 .Salem ______ __ __ 10.8 .Rison ____________ ______ 14.0 10.7 .Russellville _______ _______ _ 10.8 .Salem ------------ ------Scranton _ __._ _ _ 11.5 ___ 10.2 .S e a r c y ___________. _ 11.6 .Searcy ____ __. .Sh eridan____ _ 14.6 9.4 . Smackover ______________ _ 15.8 .Smithville _ ______ .Stamps _ _ __ _____ 16.2 .Star City — _ — ______ 15.2 14.2 Strong 18.4 .T illa r ____ _____ _______ 9.5 .Trum ann________- ______ ______ 14.9 .Tyronza - ___ — 10.1 .Van B u ren ___ __________ .W a rre n __ _ ________ 10.7 .West Memphis____ 9.7 .W heatley__________ __ 14.0 .Wilmot ____^ ___ 10.8 .Wilson ----- ------------ ______ 20.2 .W yn n e___ ______________ 11.5 .Yellville ---------- --- ______ 11.0   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  25  Fortieth Report  FORTIETH REPORT of  STATEMENT OF ARKANSAS BANKS AND TRUST COMPANIES AS SHOWN BY THE CALL OF JUNE 30, 1954 Cities and towns alphabetically arranged by postoffices Population shown is that given by the 17th census of the United States 1950 COMMERCIAL BANK AT ALMA, ALMA Population 1,228.  Crawford County  Chartered January 31, 1910. Telephone Number 3441. Transit Number 81-272 Officers W. E. Byars______________ President J. Fred Alexander_Ex. Vice President Reves L. Bolling_____________ Cashier Margaret Adams_______Asst. Cashier  Directors J. Fred Alexander W. H. Cole Reves L. Bolling T. H. Kibler E. Bradley C. R. Starbird W. E. Byars  STATEMENT OF JUNE 30, 1954 Liabilities Resources Loans and discounts------- $ 321,827.00 Capital stock___________ $ 25,000.00 U. S. Gov’t obligations__ 621,000.00 Surplus fund____________ 25,000.00 Other bonds and securities 58,337.24 Undivided profits_______ 48,678.22 469.23 Furniture and fixtures__ 2.000. 00 Reserves________ 5.000. 00 Total capital Banking house__________ accounts_$ 99,147.45 Cash and due from banks 396,148.36 578.89 ____________ Other resources-------------Demand deposits________ 1,178,227.30 Time deposits___________ 5,945.23 U. S. Gov’t deposits_____ 5,641.11 Public fu n d s ___________ 115,930.40 Total dep.__$1,305,744.04 f Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,404,891.49  Total  $1,404,891.49  State of Arkansas: Bank Department  26  BANK OF AMITY, AMITY Population 591. Clark County Chartered November 30, 1905 Telephone Number 13. Transit Number 81-287 Officers Directors G. W. Tolleson_________ _-President Lyn Maxey G. W. Tolleson W. H. Olds_________ Vice President Cleda Olds Ed Yeargan Cleda Olds___________:_______ Cashier W. H. Olds Peggy Ann Thomasson_Asst. Cashier STATEMENT OF JUNE 30. 1954 Liabilities Resources Loans and discounts____ $ 595,426.38 Capital stock____________ $ 50,000.00 50,000.00 Overdrafts_____________ 68.12 Surplus fund___________ 98,281.56 U. S. Gov’t obligations__ 515,493.75 Undivided profits_______ 7,000.00 Other bonds and securities 419,797.47 Reserves_______________ Furniture and fixtures__ 3,024.69 Total capital accounts_$ 205,281.56 Banking house__________ 1.00 Cash and due from banks 429,966.90 Other resources________ 872.68 Demand deposits________ 1,137,163.81 Time deposits___________ 535,777.73 U. S. Gov’t deposits_____ 8,517.36 Public funds____________ 77,910.53 Total d e p ._ 1,759,369.43 T o ta l___ •______________ $1,964,650.99  Total  $1,964,650.99  ELK HORN BANK AND TRUST COMPANY, ARKADELPHIA Population 6,819. Clark County Chartered September 28, 1903. Telepone Number 7. Transit Number 81-133 Officers Directors J. >H. Lookadoo------------------ President John N. Francis A. C. Stone A. C. Stone---------Exec. Vice President Clarence Hardin J. P. Sturgis A. J. Vestal--------------- Vice President W. P. Jones, Jr. W. L. Stover A. J. Vestal Clarence Hardin______ Vice President C. C. Lookadoo J. B. Wingfield-----------Vice President G. W. Lookadoo J. B. Wingfield C. C. Lookadoo________Vice President J. H. Lookadoo W. P. Jones, Jr---------------------- Cashier W. L. Stover_________ Asst. Cashier Roy N. Shope_________ Asst. Cashier STATEMENT OF JUNE 30. 1954 Resources Liabilities Loans and discounts___ $1,982,155.78 Capital s t o c k __________ $ 100,000.00 Overdrafts ____________ 217.26 Surplus f u n d __________ 100,000.00 U. S. Gov’t obligations_ 1,131,789.06 Undivided p r o fit s ______ 100,905.79 Other bonds and securities 273,647.00 Reserves ______________ 25,126.03 Furniture and fixtures_ 10,035.00 Total capital Banking house ________ 15,000.00 accountsL_$ 326,031.82 Cash and due from banks 944,925.93 Demand deposits _______ 2,193,717.58 Time deposits__________ 1,517,494.58 U. S. Gov’t deposits___ 29,979.11 Public funds __________ 290,546.94 . Total dep. __ 4,031,738.21 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $4,357,770.03  Total  $4,357,770.03  27  Fortieth Report  MERCHANTS AND PLANTERS BANK AND TRUST COMPANY, ARKADELPHIA Population 6,819. Chartered June 15, 1911.  Clark County  Telephone Number 291.  Officers James C. Hobgood_________ President Jett Black___ Vice Pres, and Cashier Lottie Sue Watson____ Asst. Cashier  Transit Number 81-469  Jett Black Charles Clark J. H. Crawford H. G. Elms Roy F. Golden  Directors James C. Hobgood J. W. Hutchison D. W. McMillan H. T. Ross Ralph Williams  STATEMENT OF JUNE 30. 1954 Resources Loans and discounts_____$ U. S. Gov’t obligations__ Other bonds and securities Furniture and fixtures__ Banking house__________ Other real estate________ Cash and due from banks Other resources_________  Total  941,977.10 359,500.00 370,699.41 2,500.00 11,000.00 1.00 383,219.17 1.00  $2,068,897.68  Liabilities Capital stock____________ $ 100,000.00 Surplus fund___________ 80,000.00 Undivided profits_______ 46,505.06 Reserves ______________ 2,916.03 Total capital accounts_$ 229,421.09 Demand deposits________ 1,145,462.36 457,987.94 Time deposits___________ U. S. Gov’t deposits_____ 22,237.43 Public fu n d s ___________ 213,788.86 Total dep. __$1,839,476.59 Total  $2,068,897.68  BANK OF ASH FLAT, ASH FLAT Population 265.  Sharp County  Chartered February 20, 1912. Telephone Number 3642 Transit Number 81-499 Officers Odus Carpenter------------------ President Horace Martin,_______ Vice President Odessa Estes___________ Asst. Cashier  Directors Odus Carpenter Horace Martin Willene B. Justus E. E. Causbie V. McJunkins  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ ! U. S. Gov’t obligations_ Furniture and fixtu res_ Banking house ________ Cash and due from banks  112,166.57 200,000.00 1.00 1.00 116,373.13  Liabilities Capital s t o c k __________ $ Surplus f u n d __________ Undivided p r o fit s ______ Total capital accounts_$ 59,448.21 Demand deposits ______ Time deposits__________ Public funds __________ Total dep. __$ 369,093.49  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$ 428,541.70  Total  20,000 00 20,000.00  19,448.21  333,502.48 22,986.11 12,604.90  .$ 428,541.70  28  State of Arkansas: Bank Department  BANK OF ATKINS, ATKINS Population 1,291.  Pope County  Chartered September 19,1895. Telephone Number 136. Transit Number 81-215 Officers J. M. Barker___ ____ -President J. M. Barker, Jr. _ -Vice President C. A. Barker___ _ _ -Cashier  Directors C. A. Barker J. M. Barker J. M. Barker, Jr.  STATEMENT OF JUNE 30, 1954 Resources Loans asd discounts___ $ 167,458.45 Overdrafts _____ _ _ 124.30 U. S. Gov’t obligations_ 485,000.00 8,397.90 Other bonds and securities Furniture and fixtures_ 2,376.09 1,673.07 Banking house - ___ Cash and due from banks 236,612.03  Total  ______ —  ___$ 901,641.84  Liabilities Capital stock _______ __ $ Surplus f u n d _ __ ___ Undivided profits Total capital accounts_$ 94,518.82 Demand d e p o s its___ U. S. Gov’t deposits___ Public funds _ Total d e p ._$ 807,123.02 Total  __________  30,000 00 15,000.00 49,518.82  707,663.86 4,146.24 95,312.92  $ 901,641.84  THE BANK OF AUGUSTA, AUGUSTA Population 2,317. Chartered February 20, 1935.  Woodruff County  Telephone Number 1.  Officers Geo. L. Beard_____________President R. E. Gregory------------Vice President W. T. Mills, Jr_____________ Cashier Kennady Sale__________Asst. Cashier  Transit Number 81-718  Directors Geo. L. Beard J. Ford Smith R. E. Gregory C. R. Stacy R. J. Haralson John H. Stanley W. T. Mills, Jr.  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 961,578.51 Overdrafts ____________ 1,125.59 U. S. Gov’t obligations_ 50,000.00 Other bonds and securities 338,646.86 Furniture and fixtu res_ 4,000.00 Banking house ________ 2,160.00 Cash and due from banks 415,607.42 Other resources________ 120 91  Liabilities Capital s t o c k __________$ 75,000.00 Surplus fund __________ 50,000.00 Undivided p r o fit s ______ 102,933.08 Total capital accounts_$ 227,933.08 Demand deposits ______ 1,272,545.45 Time deposits__________ 126,865.83 U. S. Gov’t deposits___ 8,635.44 Public funds __________ 125,903.86 Total d e p ._$1,533,950.58 Other liabilities________  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,773,239.29  Total  11,355.63 $1,773,239.29  29  Fortieth Report  CITIZENS STATE BANK, BALD KNOB Population 2,022. Chartered January 22, 1931.  White County  Telephone Number 14.  Officers E. D. Williams_President & Cashier T. W. Leggett_______ Vice President H. A. Whitley______ Vice President Thos. L. Jameson_____ Asst. Cashier Mildred N. Hall_______ Asst. Cashier  Transit Number 81-673  Directors W. H. Collison H. A. Whitley Jennings Leggett E. D. Williams  STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts____ $ 176,838.44 Capital s t o c k __________ ! U. S. Gov’t obligations_ 1,037,700.00 Surplus fund __________ Other bonds and securities 38,145.75 Undivided p r o fit s ______ 1,000.00 Reserves ______________ Furniture and fixtu res_ Banking house ________ 7,000.00 Total capital Cash and due from banks 336,824.85 accounts_$ 142,339.87  50.000. 00 50.000. 00 22,339.87 20.000. 00  Demand deposits_______ 1,202,220.97 U. S. Gov’t deposits___ 21,793.83 Public funds____________ 207,746.37 Deposits of ban k s______ 23,408.00 Total dep. __$1,455,169.17 Total  _______________ $1,597,509.04  Total  $1,597,509.04  THE CITIZENS BANK, BATESVILLE Population 6,414. Independence County Chartered February 19, 1953. Telephone Number 1412. Transit Number 81-773 Officers Directors E. C. Rider_____ Chairman of Board S. M. Bone J. K. Southerland F. M. Holt F. M. Holt________________ President N. K. Sims John Moody S. M. Bone___________ Vice President Eagle Street Manuel A. Conyers___________ Cashier E. C. Rider Marean Pearson_______Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $ 779,045.35 Capital s t o c k __________ ! U. S. Gov’t obligations __ 180,512.50 Surplus f u n d --------------Other bonds and securities 9,535.69 Undivided p r o fits ______ Furniture and fixtu res_ 22,989.62 Total capital Banking house ________ 56,141.97 accounts—$ 166,572.58 Cash and due from banks 592,162.01 — ;--------------Other resources________ 28.13 Demand deposits---------Time deposits__________ U. S. Gov’t deposits___ Public funds __________ Deposits of ban k s______ Total dep. ..$1,473,842.69 Total  ________________ $1,640,415.27   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Total  100, 000.00  50,000.00 16,572.58  837,526.27 157,961.68 12,796.61 280,471.65 185.086.48  $1,640,415.27  30  State of Arkansas: Bank Department  THE CITIZENS BANK, BEARDEN Population 1,300. Chartered June 7, 1945.  Ouachita County  Telephone Number 129.  Officers Garland Anthony_________ President R. W. Launius________Vice President Hugh Thompson_____________Cashier T. E. Evans____________ Asst. Cashier  Transit Number 81-749  Directors Edwin Anthony R. W. Launius Garland Anthony Horace Looney J. W. Gossett Hugh Thompson  STATEMENT OF JUNE 30. 1954 Resources Loans and discounts___ $ Overdrafts ____________ U. S. Gov’t obligations_ Other bonds and securities Furniture and fixtu res_ Cash and due from banks Other resources________  174,893.70 44.91 320,172.50 103,263.68 3,847.19 238,206.72 41.39  Total _______________ $ 840,470.09  Liabilities Capital s t o c k __________$ Surplus fund __________ Undivided p r o fit s ______ Total capital accounts_$ 71,909.59  25,000.00 30,000.00 16,909.59  Demand deposits ______ U. S. Gov’t deposits___ Public fu n d s ___________ Total d e p ._$ 768,560.50  688,623.43 7,987.50 71,949.57  Total _______________ $ 840,470.09  CITIZENS BANK, BEEBE Population 1,192. Chartered June 21, 1917.  White County  Telephone Number 55.  Officers E. H. Abington^___________ President J. R. Sloan__________Vice President T. E. Abington______________ Cashier  Transit Number 81-588  Directors Catherine C. Abington E. H. Abington Frank Garrison T. E. Abington I. N. Kelley H. M. Dodds J. R. Sloan  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ ! Overdrafts ____________ U. S. Gov’t obligations — Furniture and fixtu res_ Banking h o u s e ___ _____ Other real esta te_______ Cash and due from banks Other resources________  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  366,519.97 94.72 99,774.50 1.00 1.00 532.00 180,241.24 285.70  .$ 647,450.13  Liabilities Capital s t o c k __________ $ 25,000.00 Surplus f u n d __________ 5,000.00 Undivided p r o fit s ______ 12,526.88 Reserves ______________ 50,000.00 Total capital accounts_$ 92,526.88 ------------------Demand deposits ______ 532,133.57 Public fu n d s ___________ 22,789.68 Total d e p ._$ 554,923.25 Total  .$ 647,450.13  31  Fortieth Report  BENTON STATE BANK, BENTON Population 6,277. Saline County Chartered February 9, 1934. Tel. No. SPring 8-2591. Transit Number 81-711 Officers Directors W. R. Alsobrook__________ President H. B. Alsobrook W. A. Springer D. J. Stirman W, A. Springer______ Vice President W. R. Alsobrook Paul VonAllmen Paul VonAllmen_____ Vice President C. E. Fish T. B. Lyle__________________ Cashier H. J. Gingles L. B. White T. B. Lyle Carl Wright___________ Asst. Cashier STATEMENT OF JUNE 30, 1954 Liabilities Resources Loans and discounts____ $1,676,676.83 Capital stock____________ $ 250,000.00 250,000.00 U. S. Gov’t, obligations_ 2,499,166.63 Surplus fund____________ 41,355.35 Other bonds and securities 742,264.41 Undivided profits_______ 2,091.75 Furniture and fixtures_ 40,274.47 Reserves_______________ Banking house__________ 5,607.02 Total capital accounts_ 543,447.10 Cash and due from banks 1,096,883.82 Other resources_________ 227.24 Demand deposits________ 3,237,111.11 Time deposits___________ 1,365,060.70 U. S. Gov’t deposits_____ 12,992.04 Public funds____________ 826,929.61 34,500.00 Deposits of banks_______ Total d e p ._$5,476,593.46 Other liabilities_________ 41,059.86 T o ta l__________________ $6,061,100.42  T o ta l___________ „ ______ $6,061,100.42  THE UNION BANK OF BENTON, BENTON Population 6,277. Saline County Chartered January 11, 1954 Transit Number 81-774 Telephone Number SPring 8-4111 Officers Directors J. W. Lewellen____________ President Henry Brown Wade Mallett T. H. Duke__________Vice President T. H. Duke I. E. McCray, Sr. & Cashier J. W. Lewellen Henry Finkbeiner Ralph Neaville________Asst. Cashier STATEMENT OF Resources Loans and discounts___ ! 125,089 52 27,000.00 Other bonds and securities Furniture and fixtures_ 13,472.89 Cash and due from bank 418,223.14 5,770.54 Other resources________  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$ 589,556.09  JUNE 30, 1954 Liabilities Capital s t o c k __________! Surplus f u n d __________ Undivided p r o fit s ______ Total capital accounts_$ 158,870,56  100,000.00 50,000.00 8,870.56  Demand deposits_______ Time deposits__________ U. S. Gov’t deposits____ Public funds __________ Total d e p ._$ 430,685.53  347,311.84 57,417.44 956.25 25,000.00  Total  .$ 589,556.09  32  State of Arkansas: Bank Department  BANK OF BENTONVILLE, BENTONVILLE Population 2,942.  Benton County  Chartered February 25, 1931. Telephone Number 149. Transit Number 81-701 Officers John D. Wright____________President Paul Hall_____________ Vice President Orie Lee Craig________ Asst. Cashier Rex W. Bair__________ Asst. Cashier Martha Ann Mason____ Asst. Cashier Jack D. Wright_______ Asst. Cashier  W. H. Enfield Melvin Hall Paul Hall  Directors Jack Webster John D. Wright  STATEMENT OF JUNE 30, 1954 Resources Liabilities Capital stock __________ $ 70,000.00 Loans and discounts___ $ 716,599.26 U. S. Gov’t obligations_ 1,436,141.88 Surplus f u n d __________ 70,000.00 Other bonds and securities 170,218.51 Undivided p r o fit s ______ 60,000.00 17,613.70 Reserves ______________ Furniture and fixtures_ 1,822.55 Banking house ________ 5,500.00 Total capital accounts_$ 201,822.55 Cash and due from banks 663,341.79 Other resources________ 1,661.45 Demand deposits_______ 1,995,892.93 Time deposits__________ 467,056.66 U. S. Gov’t deposits___ 27,331.65 Public funds __________ 318,972.80 Total d e p ._$2,809,254 04 Total  $3,011,076.59  Total  $3,011,076.59  BANK OF BLEVINS, BLEVINS Population 271.  Hempstead County  Chartered August 12, 1912. Telephone Number 2274. Transit Number 81-518 Officers Directors H. M. Stephens____________ President H. M. Stephens P. C. Stephens Herbert M. Stephens_Vice President Herbert M. Stephens P. C. Stephens______________ Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts____ $ 111,932.73 Capital stock____________ ! U. S. Gov’t obligations_ 90.850.00 Surplus fund____________ Other bonds and securities 21.966.00 Undivided profits_______ Furniture and fixtures__ 932.00 Reserves_______________ Banking house__________ 100.00 Total capital Cash and due from banks 126,238.49 accounts_$ 58,840.21 Demand deposits________ Time deposits___________ U. S. Gov’t deposits_____ Public funds_________ Total dep___ 293,179.01 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $ 352,019.22  Total  25.000. 00 25.000. 00 5,945.66 2,894.55  251,053.94 17,669.00 5,131.25 19,324.82  $ 352,019.22  33  Fortieth Report  FARMERS BANK AND TRUST COMPANY, BLYTHEVILLE Population 16,234.  Mississippi County  Chartered March 16, 1908. Telephone No. POplar 3-8101. Transit No. 81-105 Officers Directors B. A. Lynch______________ President J. L. Cherry R. A. Porter R. A. Porter_________ Vice President C. A. Cunningham B. S. Simmons F. E. Warren________ Vice President F. E. Warren I. R. Johnson R. L. Banister_______________ Cashier L. H. Welch Chas. C. Langston B. A. Lynch L. A. Crowe___________ Asst. Cashier H. N. Whitis__________ Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $5,355,724.74 Capital stock _________$ 200,000.00 Overdrafts ____________ 1,807.15 Surplus f u n d __________ 700,000.00 U. S. Gov’t oligations__ 1,658,625.00 Undivided p r o fit s _____ 144,122.81 Other bonds and securities 203,000.00 Reserves ______________ 34,818.22 Furniture and fixtures_ 21,420.00 Total capital accounts_$1,078,941.03 Banking h ou se_________ 50,000.00 Cash and due from banks 1,375,212.93 Other resources________ 41,401.62 Demand deposits ______ 5,705,494.59 Time deposits__________ 1,457,722.70 U. S. Gov’t deposits___ 66,308.62 Public funds __________ 285,648.83 Deposits of b a n k s _____ 89,093.08 Total d e p ._$7,604,267.82 Other liabilities________ Total _______________ $8,707,191.44  23,982.59  Total _______________ $8,707,191.44  CITIZENS BANK, BOONEVILLE Population 2,433. Logan County Chartered April 18, 1910. Telephone Number 274. Transit Number 81-195 Officers Directors Long John Williams_Pres. & Cashier George R. Edwards Abe Williams Abe Williams_________Vice President Mattie Edwards Long J. Williams Paul X. Williams George R. Edwards----- Asst, Cashier Ruth E. Lantrip STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $ 355,295.19 Capital s t o c k __________ $ 50,000.00 Overdrafts ____________ 5,186.15 Surplus f u n d __________ 50,000.00 U. S. Gov’t obligations_ 1,136,000.00 Undivided p r o fit s ___ _ 74,345.09 Furniture and fixtures_ 1.00 Total capital accounts_$ 174,345.09 Banking house -----------1.00 Other real e s ta te ______ 5.00 Cash and due from banks 497,588.02 Demand deposits ______ 1,637,328.61 U. S. Gov’t deposits___ 3,221.43 Public funds __________ 179,181.23 Total dep. __$1,819,731.27 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,994,076.36  Total  $1,994,076.36  34  State of Arkansas: Bank Department  THE BANK OF BRADLEY, BRADLEY Population 444. Chartered April 10, 1933.  Lafayette County  Telephone Number 2351.  Officers J. B. Edwards____________ President Margaret R. Meek___ Vice President J. W. Meek__________________ Cashier J. W. Meek, Jr________ Asst. Cashier  J. B. Edwards L. B. Hamner J. W. Meek  Transit Number 81-513 Directors Margaret R. Meek W. T. Murphy, Jr.  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts____ ! Overdrafts_____________ U. S. Gov’t obligations__ Other bonds and securities Furniture and fixtures__ Banking house__________ Other real estate________ Cash and due from banks  442,377.89 41.85 110,000.00 33,350.00 2,748.00 200.00 3.00 146,803.58  Liabilities Capital stock____________ : Surplus fund____________ Undivided profits_______ Total capital accounts_$ 84,665.75 ------------------Demand deposits________ Public funds____________ Total dep._$ 650,858.57  Total  735,524.32  Total  25.000. 00 25.000. 00 34,665.75  535,305.92 115,552.65  735,524.32  BANK OF BRINKLEY, BRINKLEY Population 4,173. Chartered January 17, 1903.  Monroe County  Telephone Number 31.  Officers W. W. Sharp----- ---------- -— President Frank Andrews______ Vice President John F. Cole---------- Active Vice Pres. R. H. Midkiff_______________ Cashier Joe J. Roberts_________ Asst. Cashier J. H. Midkiff_________ Asst. Cashier  Transit Number 81-191  Directors Frank Andrews Albert Rusher John F. Cole W. W. Sharp E. D. McKnight  STATEMENT OF JUNE 30, 1954 Resources  Loans and discounts — $1,208,319.14 Overdrafts ____________ 2,094.49 U. S. Gov’t obligations_ 444,266.67 Other bonds and securities 164,000.16 Furniture and fixtures_ 24,000.00 Banking h ou se-------------38,250.00 Other real e s ta te ______ 1.00 Cash and due from banks 778,563.58 Other resources ____ •_ 1,000.00  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $2,660,494.90  Liabilities Capital stock ------------- $ 50,000.00 Surplus fund --------------100,000.00 Undivided profits ______ 53,225.62 1,000.00 Reserves --------------------Total capital accounts_$ 204,225.62 Demand deposits ______ 1,924,624.40 Time d eposits_________' 373,245.08 U. S. Gov’t deposits__ 22,681.82 Public funds --------------135,718.07 Total dep. __$2,456,260.37 Total  .$2,660,494.9*9  35  Fortieth Report  BANK OF CABOT, CABOT Population 1,147. Chartered March 23, 1903. Jake Fred Mrs. Mrs.  Lonoke County  Telephone Number 19.  Officers W. Lowman___ President B. Garlington____ Vice President Marvin Park___________ Cashier Cecil T. Owen_Asst. Cashier  Transit Number 81-304  Directors J. C. Alexander Mrs. Marvin Park W. T. Barnwell Lewis T. See Fred B. Garlington J. D. Wood Jake W. Lowman  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 860,818.55 O v e rd ra fts 46.00 U. S. Gov’t obligations_ 393,489.00 44,600.80 Other bonds and securities 1.00 Furniture and fixtures__ 25,000.00 Barking house ________ Other real estate 1.00 Cash and due from banks 392,565.31  Total _______________ $1,736,521.66  Liabilities Capital stock _ $ S u r p lu s fund Undivided profits Reserves _ _ ____ Total capital accounts.. $ 191,435.71  50,000.00 50,000.00 75,174.15 16,241.56  Demand deposits 1,183,178.32 Time deposits 235,508.31 U. S. Gov’t deposits___ 29,670.76 Public funds, 76,658.56 Total dep. _-$1,525,105.95 Total _______________ $1,716,521.66  STATE BANK OF CALICO ROCK, CALICO ROCK Population 963. Chartered May 1, 1914.  Izard County  Telephone Number 4.  Officers S. E. McNeill______________ President Dr. Noel J. Copp_____ Vice President E. C. Rodman_______________ Cashier Mrs. Boyce Hicks______Asst. Cashier  Transit Number 81-305  Directors Dr. Noel J. Copp S. E. McNeill L. E. Evans E. C. Rodman  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 201,529.81 Overdrafts ____ 2,094.29 U. S. Gov't obligations . _ 806,000.00 Other bonds and securities 9,700.00 Furniture and fixtures_ 1.00 Banking house ________ 1.00 Other real e s ta te ______ 1,002.00 Cash and due from banks 391,089.72 Other resources________ 1,361.00  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ..$1,412,778.82  Liabilities Capital s to c k __________$ Surplus f u n d __________ Undivided p r o fits ______ Total capital accounts_$ 108,978.57  25,000.00 60,000.00 23,978.57  Demand deposits ______ 1,280,099.00 Time deposits__________ 3,754.99 Public funds __________ 19,946.26 Total dep. _-$1,303,800.25 Total  $1,412,778.82  36  State of Arkansas: Bank Department  THE MERCHANTS AND PLANTERS BANK, CAMDEN Population 11,372. Chartered March 4, 1931. C. H. J. E. O. P.  Ouachita County-  Telephone Number 6-2930.  Officers I. Grayson______________President T. Patton__________ Vice President W. Coan_________________ Cashier L. Harrison_________ Asst. Cashier G. Burnham________ Asst. Cashier W. Wooldridge______ Asst. Cashier  Transit Number 81-96  Directors E. L. Harrison Mike Berg H. T. Patton J. W. Coan E. W. Copeland John Watts (C. S. Early P. W. Wooldridge C. I. Grayson  STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $1,258,659.75 Capital s t o c k __________ $ 100,000.00 50,000.00 U. S. Gov’t obligations_ 1,393,500.00 Surplus f u n d ---------------Other bonds and securities 1,364,839.51 Undivided p r o fits ______ 249,084.45 Furniture and fixtures __ 1.00 Reserves ---------------------100,000.00 Cash and due from banks 1,947,667.15 Total capital Other resources________ 1.00 accounts—$ 499,084.45 Demand deposits_______4y394,826.46 Time deposits _________ 679,852.02 61,143.31 U. S. Gov’t deposits___ Public funds __________ 321,034.42 Deposits of ban k s______ 8,727.75 Total dep. __$5,465,583.96 Total  $5,964,668.41  Total  $5,964,668.41  CITIZENS BANK, CARLISLE Populatios 1,396. Lonoke County Chartered December 22, 1930. Telephone Number 2111. Transit Number 81-689 Officers F. E. Downs, Jr---------------- President C. W. Harper________Vice President J. L. Woosley_______________ Cashier Mary Burnett__________ Asst. Cashier  A. F. A. J.  Directors W. Birdsong Elmer L, Morris E. Downs, Jr. Fred M. Perkins H. Hunt Harry L. Perkins M. Johnson  STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts----- $ 559,630.72 Capital s t o c k __________ $ 50,000.00 U. S. Gov’t obligations_ 587,500.00 Surplus fu n d ----------------25,000.00 Other bonds and securities 172,218.50 Undivided p r o fit s ______ 67,715.85 Furniture and fixtures — 6,058.60 Total capital accounts__$ 142,715.85 Banking h o u se -------------16,500.00 Cash and due from banks 483,470.92 Other resources-----------44.52 Demand deposits ______ 1,325,297.83 U. S. Gov’t deposits___ 19,866.34 Public funds __________ 325,971.82 Total dep. _.$1,671,135.99 Other liabilities________ Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,825,423.26  Total  11,571.42 $1,825,423.26  37  Fortieth Report  BANK OF CAVE CITY, CAVE CITY Population 372. Chartered July 2, 1906.  Sharp County  Telephone Number 5F11.  Officers Eagle Street_______________ President Mrs. J. M. Street_____Vice President Carl D. Medlock_____________ Cashier Nina Medlock__________Asst. Cashier  Transit Number 81-310  Directors J. A. Carpenter Eugene Street C. L. Hoggard Mrs. J. M. Street Eagle Street  STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $ 412,986.65 Capital s t o c k __________ $ 25,000.00 Overdrafts ____________ 21.27 Surplus f u n d __________ 25,000.00 U. S. Gov’t obligations_ 140,000.00 Undivided p r o fit s ______ 11,357.73 Other bonds and securities 9,250.00 Total capital 1.000.00 accounts $ 61,357.73 Furniture and fixtu res_ Banking house ________ 4.000. 00 ------------------Cash and due from banks 151,700.86 Demand deposits_______ 543,490.01 Time deposits__________ 64,731.69 7,381.25 U. S. Gov’t deposits___ Public funds __________ 41,998.10 Total d ep ._$ 657,601.05 718,958.78  Total  .$ 718,958.78  Total  AMERICAN STATE BANK, CHARLESTON Population 968. Chartered June 29, 1910.  Franklin County  Telephone Number 14.  Officers Clyde Hiatt_______________ President B. H. McDonald_____Vice President H. E. Shumate______________ Cashier Theo M. Classen______Asst. Cashier  Transit Number 81-268  Directors Clyde Hiatt McLoud Sicard B. H. McDonald Sam B. Stevinson H. E. Shumate  STATEMENT OF JUNE 30, 1954 Resources Loans and dicounts___ $ Overdrafts ____________ U. S. Gov’t obligations__ Other bonds and securities Furniture and fixtu res_ Banking house ________ Cash and due from banks Other resources________  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  638,847.58 2,088.35 334,750.00 160,656.03 1.00 1.00 329,796.64 1.00  $1,466,141.60  Liabilities Capital s t o c k __________ $ 25,000.00 Surplus fund __________ 50,000.00 Undivided p r o fit s ______ 114,104.55 Total capital accounts_$ 189,104.55 Demand deposits ______ 1,048,925.83 Time deposits__________ 126,448.00 U. S. Gov’t deposits___ 13,291.68 Public funds __________ 88,371.54 Total dep. _-$1,277,037.05 Total  $1,466,141.60  38  State of Arkansas: Bank Department  BANK OF CHERRY VALLEY, CHERRY VALLEY Population 521.  Cross County  Chartered January 24, 1907. Telephone Number 2391. Transit Number 81-313 Officers W. Maurice Smith_________ President W. Maurice Smith, Jr. _Vice President H. H. Beasley_Vice Pres. & Cashier J. R. Cavin____________Asst. Cashier  Directors H. H. Beasley H. P. Maddox Millard Carter W. Maurice Smith R. L. Ellis W. Maurice Smith, Jr.  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 308,724.65 267.32 O v e rd ra fts_ U. S. Gov’t obligations_ 280,000.00 Furniture and fixtures_ 1,435.84 __ __ Banking house 1.00 Cash and due from banks 122,078.24 Other resources 222.35  Total __ ___  _$ 712,729.40  Liabilities Capital stock $ Surplus fund Undivided profits Total capital accounts_$ 94,423.54 Demand deposits U. S. Gov’t deposits___ Public funds Total dep.__$ 618,305.86 Total _ _  25,000.00 25,000.00 44,423.54  560,826.23 4,420.00 53,059.63  $ 712,729.40  BANK OF CHIDESTER, CHIDESTER Population 425. Chartered April 29, 1909.  Ouachita Cour.ty  Telephone Number 103.  Officers W. G. Rushing_____________ President C. B. Clingan________ Vice President Thos. H. Benton_____ Vice President Mrs. Lee A. Purifoy__________ Cashier Mrs. Mary G. Wylie____Asst. Cashier  Transit Number 81-314  Directors Thos. H. "Benton W. G. Rushing C. B. Clingan Beulah R. Taylor Roy E. Hoileman J. T. Walker Beulah P. Mayne  STATEMENT OF JUNE 30, 1954 Resources  Loans and discounts___ $ 72,198.97 U. S. Gov’t obligations_ 206,000.00 13,880.70 Other bonds and securities Furniture and fixtures__ 200.00 800.00 Banking h o u s e _______ Other real estate 1.00 Cash and due from banks 100,705.81  Total  __  _________$ 393,786.48   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Liabilities Capital s t o c k __ _$ Surlpus f u n d ___ _____ Undivided profits Total capital accounts_$ 37,317.49  25,000.00 5,000.00 7,317.49  Demand deposits Time deposits U. S. Gov’t deposits____ Public funds _ ___ Total d e p ._$ 356,468.99  298,828.87 4,800.00 10,730.25 42,109.87  Total __ _____  __ $ 393,786.48  Fortieth Report  39  THE MERCHANTS AND PLANTERS BANK, CLARENDON Population 2,547. Chartered July 23, 1890.  Monroe County  Telephone Number 18.  Transit Nurfiber 81-164  Officers  Directors  S. J. Dean________________ President W. H. Brown___ Vice Pres. & Cashier Pat. V. McKa^________ Asst. Cashier  H. B. Bateman W. H. Brown  S. J. Dean Mrs. H. B. Robinson  STATEMENT OF JUNE 30, 1954 Liabilities  Resources  Loans and discounts___ $ 752,623.19 Overdrafts_____________ 113.23 U. S. Gov’t obligations__ 70,217.99 Other bonds and securities 372,294.08 Furniture and fixtures_ 6,148.72 Cash and due from banks 396,982.75  Capital stock___________ $ 100,000.00 Surplus fund____________ 50,000.00 Undivided profits_______ 23,463.26 Reserves_______________ 1,000.00 Total capital accounts_S 174,463.26 Demand deposits________ 1,091,266.86 Time deposits___________ 151,661.96 Public funds____________ 165,987.88 Deposits of banks_______ 15,000.00 Total dep.___$l,423,916.70  T o ta l__________________ $1,598,379.96  T ota l__________________ $1,598,379.96  CLINTON STATE BANK, CLINTON Population 853. Chartered October 16, 1946.  Van Buren County  Telephone Number 131.  Officers  Transit Number 81-758 Directors  Howard Johnson__________President C. M. Horton__________Vice President Garner M'. Johnson__________Cashier Joe G. Fraser__________Asst. Cashier  Homer Brown Howard Johnson C. M. Horton Roy Lefler Garner M. Johnson Arthur Lewis  STATEMENT OF JUNE 30, 1954 Resources  Liabilities  Loans and discounts___ $ U. S. Gov’t obligations_ Other bonds and securities Furniture and fixtu res_ Banking house ________ Cash and due from banks  530,247.25 654,000.00 182,921.97 5,000.00 7,000.00 285,718.13  Capital s t o c k __________$ Surplus f u n d __________ Undivided p r o fit s ______ Total capital accounts_$ 152,639.61  50,000.00 25,000.00 77,639.61  Demand deposits ______ 1,415,652.51 U. S. Gov’t deposits___ 18,423.35 Public funds __________ 78,171.88 Total dep. __$1,512,247.74 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,664,887.35  Total  $1,664,887.35  40  State of Arkansas: Bank Department  FIRST STATE BANK, CONWAY Population 8,610. Chartered February 8, 1946.  Faulkner County  Telephone Number 390.  Officers W. D. Ketcheside_________ President Thos. G. Wilson_Exec. Vice President Rogers C. Mopre____________ Cashier Jane Thomas-!________ Asst. Cashier  Transit Number 81-754  Directors James R. Edwards J. R. Ott Edward A. Halter Thos. G. Wilson W. E. Jumper W. D. Ketcheside  STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $1,058,688.81 Capital s t o c k ______.___ $ 60,000.00 U. S. Gov’t obligations_ 1,118,725.92 Surplus f u n d __________ 80,000.00 Other bonds and securities 310,992.15 Undivided p r o fits ______ 67,618.32 Furniture and fixtures_ 12,637.02 Reserves ______________ 14,131.97 9,984.00 Total capital Banking house ________ Other real e s ta te _____ 1,954.66 accounts_$ 221,750.29 Cash and due from banks 627,443.77 Demand deposits ______ 2,070,506.98 Time deposits *_________ 397,911.55 U. S. Gov’t deposits___ 71,329.20 Public funds __________ 377,046.92 Deposits of ban k s______ 1,881.39 Total dep. _-$2,918,676.04 Total _______________ $3,140,426.33  Total _______________ $3,140,426.33  THE CORNING BANK, CORNING Population 2,045.  Clay County  Chartered January 29, 1931. Telephone No. UL 7-3261. Transit No. 81-211 Officers Directors Sam L. Manatt_____________ President John O. Black Sam L. Manatt Mrs. Sam L. Manatt__ Vice President L. G. Black Sam L. Manatt, Jr. Sam L. Manatt, Jr_________ M. G. Hoffman Mrs. Sam L. Manatt Vice Pres, and Cashier F. B. Manatt • Edith Toalson__________Asst. Cashier STATEMENT OF JUNE 30, 1954 Liabilities Resources Loans and discounts____ I ,205,287.32 Capital stock___________ $ 100,000.00 75,000.00 U. S. Gov’t obligations_ 715,267.03 Surplus fund____________ 50,021.83 47,688.16 Undivided profits_______ Other bonds and securities Furniture and fixtures_ 1.00 Total capital accounts_$ 225,021.83 Banking house__________ 4,000.00 Cash and due from banks 904,414.61 Demand deposits________ 2,145,942.01 Time deposits___________ 210,398.94 U. S. Gov’t deposits____ 39,215.41 Public funds____________ 256,079.93 Total dep___ $2,651,636.29 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $2,876,658.12  Total  $2,876,658.12  Fortieth Report  41  BANK OF CROSSETT, CROSSETT Population 4,619. Ashley County Chartered December 22, 1913. Telephone Number 52. Transit Number 81-321 Directors Officers J. C. Carpenter William C. Norman William C. Norman_______ President Roy Dooley___________ Vice President Roy Dooley Sulo V. Sihvonen J. Ben Posey________________ Cashier J. T. Erwin P. F. Watzek C. E. Hannum__________Asst. Cashier A. T. McDonough S. A. Wilcoxon STATEMENT OF Resources Loans and discounts___ $ 648,422.32 Overdrafts ____________ 29.00 U. S. Gov’t obligations_ 3,233,815.82 Other bonds and securities 278,329.55 Furniture and fixtu res_ 20,131.89 Cash and due from banks 1,081,817.95 Other resources________ 6.00  JUNE 30, 1954 Liabilities Capital s t o c k __________$ 100,000.00 165,000.00 Surplus f u n d __________ Undivided p r o fit s ______ 72,616.19 Reserves ______________ 12,003.30 Total capital accounts_$ 349,619.49 Demand deposits ______ 3,140,082.83 Time deposits__________ 1,069,425.73 120,918.00 U. S. Gov’t deposits___ Public funds __________ 549,489.48 Total dep. __$4,879,916.04 Other liabilities________  Total _______________ $5,262,552.53  33,017.00  Total _______________ $5,262,552.53  DANVILLE STATE BANK, DANVILLE Population 829. Yell County Chartered October 3, 1930. Telephone Number 36. Transit Number 81-700 Officers Directors John Ed Chambers-----------President H. W. Burnham Jim Bill Gatlin J. W. Hull Neil Sims------------------ Vice President J. E. Chambers John Ed Chambers Neil Sims Jim Bill Gatlin----------------- „C ashier Selma C. Gatlin_______ Asst. Cashier J. F. Nunn____________Asst. Cashier STATEMENT OF JUNE 30, 1954 Liabilities Resources Loans and discounts___ : 283,315.59 Capital s t o c k __________$ 30,000.00 30,000.00 U. S. Gov’t obligations_ 607,400.00 Surplus fund __________ 48,096.28 Undivided p r o fit s _____ Other bonds and securities 61,857.75 1.00 Total capital Furniture and fixtu res_ 6,000.00 accounts_$ 121,857.75 Banking house ________ Cash and due from banks 167,447.82 1.00 Demand deposits_______ 824,377.17 Other resources ________ Time deposits__________ 27,019.00 U. S. Gov’t deposits___ 1,527.34 Public funds __________ 137,466.33 Total dep. __$ 990,389.84 Other liabilities________ Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,112,261.69  Total  14.10 $1,112,261.69  42  State of Arkansas: Bank Department  BANK OF DARDANELLES DARDANELLE Population 1,772.  Yell County  Chartered September 12, 1934. Telephone Number 28. Transit Number 81-599 Officers J. C. Woodson------------------ President Garrett Jones------------- Vice President Robert L. Holland___________ Cashier Arminta M. Jones______Asst. Cashier  C. R. George John Hamilton Garrett Jones  Directors Jimmie Wallis J. C. Woodson  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts____ ! Overdrafts_____________ U. S. Gov’t obligations_ Other bonds and securities Furniture and fixtures__ Banking house__________ Cash and due from banks Other resources_________  Total  Liabilities Capital stock___________ $ Surplus fund____________ Undivided profits_______ Total capital accounts $ 103,509.91  631,575.71 241.38 376,520.00 2,730.67 6.000.00 6. 000.  311,235.70 898.04  00  $1,335,201.50  25,000.00 25,000.00 53,509.91  -------------------------  Demand deposits________ Time deposits___________ U. S. Gov’t deposits____ Public funds____________ Total dep___ $1,231,691.59 Total  881,080.84 200,110.63 12,401.18 138,098.94  $1,335,201.50  BANK OF DELIGHT, DELIGHT Population 574. Chartered June 16, 1911.  Pike County  Telephone Number 20..  Officers C. E. Johnson______________ President Frank Reid---------------- Vice President D. C. Humphry--------------------- Cashier Edna Johnson_________ Asst. Cashier Dorothy Johnson______ Asst. Cashier  Transit Number 81-326  Directors Olen Hendrix D. C. Humphry C. E. Johnson  C. E. Reid Frank Reid  STATEMENT OF JUNE 30, 1954 Liabilities  Resources  Loans and discounts _ _$ 191,575.45 Overdrafts _ _ _ _ _ 168.42 U. S. Gov’t obligations_ 206,420.00 Other bonds and securities 34,433.80 Furniture and fixtures_ 323.66 Banking house ____ 116.90 Cash and due from banks 257,396.29  Total ___________ _ $ 690,434.52  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Capital stock ____ ____$ Surplus fund ____ _ Undivided profits ____ Total capital accounts_$ 73,448.56  25,000.00 25,000.00 23,448.56  Demand deposits _ — _ Time deposits___ U. S. Gov’t deposits-----Public funds _ --------Total d e p ._$ 616,985.96  503,724.34 92,064.20 1,350.00 19,847.42  Total _  ________$  690,434.52  43  Fortieth Report  DERMOTT STATE BANK, DERMOTT Population 3,601. Chartered July 8, 1935.  Chicot County  Telephone Number 11.  Officers John Baxter______________ President W. F. Pierce__________Vice President Clarence Horton_____________ Cashier Frank Henry, Jr.-------- Asst. Cashier Mary K. Tucker_______ Asst. Cashier  Transit Number 81-720  Directors John Baxter R. H. Dennington John M. Baxter W. E. Lephiew W. H. Bynum W. F.-Pierce  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $1,513,057.83 U. S. Gov’t obligations 367,300.00 Other bonds and securities 16,648.52 3,500.00 Furniture and fixtures__ Banking house__________ 9,000.00 Cash and due from banks 480,388.05  Liabilities Capital stock____________ $ 50,000.00 100,000.00 Surplus fund___________ Undivided profits_______ 59,768.40 Reserves_______!________ 9,976.63 Total capital accounts_$ 219,745.03 Demand deposits_____ 1,165,940.49 736,596.11 Time deposits___________ U. S. Gov’t deposits_____ 14,738.91 Public funds____________ 252,873.86 Total dep___ $2,170,149.37  Total  $2,389,894.40  Total  $2,389,894.40  FARMERS AND MERCHANTS BANK, DES ARC Population 1,612.  Prairie County  Chartered January 20, 1902, Telephone Number 2191. Transit Number 81-233 Officers Henry Nichols_‘------------------ President L. R. Brown_Vice President & Cashier R. L. Morton__________Asst. Cashier  L. R. Brown W. J. Caskey  Directors Henry Nichols  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 641.740.11 Overdrafts ______________ 140.94 U. S. Gov’t obligations_ 369,900.00 Other bonds and securities 18,000.00 6,516.79 Furniture and fixtu res_ Banking h ou se_________ 1.00 Cash and due from banks 164.617.12  Liabilities Capital s t o c k __________$ 25,000.00 Surplus fund __________ 100, 000.00 29,954.47 Undivided p r o fit s ______ 45,039.42 Reserves ______________ Total capital accounts_$ 199,993.89 Demand deposits________ Time deposits__________ Public funds __________ Total dep. __$1,000,922.07  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,200,915.96  Total  718,657.82 85,217.53 197,046.72  $1,200,915.96  State of Arkansas: Bank Department  44  DeWITT BANK AND TRUST COMPANY, DeWITT Population 2,843. Chartered March 1, 1929.  Arkansas County  Telephone Number 4161.  Officers George Smith______________ President R. H. Maddox__________________ ------------ Vice President & Cashier J. Brown______________ Asst. Cashier F. A. Trice____________Asst. Cashier  A. G. Bauer J. Brown G. W. Hall  Transit Number 81-245 Directors R. H. Maddox Geo. Smith C. L. Whitmore  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts_____$1,763,939.74 Overdrafts_____________ 32.62 U. S. Gov’t obligations__ 431,000.00 Other bonds and securities 536,479.06 Furniture and fixtures_ 1.00 Banking house______________20,000.00 1.00 Other real estate_____ _ Cash and due from banks 1,807,839.82 Other resources_________ 1.00  Liabilities Capital stock___________ $ 100,000.00 Surplus fund____________ 100,000.00 Undivided profits_______ 139,986.97 Reserve? ______________ 47,171.65 Total capital accounts_$ 387,158.62  Total  Total  $4,559,294.24  Demand deposits________ 3,568,585.12 Time deposits___________ 343,238.40 U. S. Gov’t deposits_____ 31,127.07 229,185.03 Public funds____________ T-tal dep.___$4,172,135.62 $4,559,294.24  BANK OF DOVER, DOVER Population 510.  Pope County  Chartered September 29, 1905. Telephone Number 2481. Transit Number 81-329 Officers John E. Moore___________ President T. C. Campbell_______Vice President W. M. Wallace______________ Cashier C. L. Poynter__________Asst. Cashier  Directors David R. Bewley S. F. McCain T. C. Campbell John E. Moore L. J. Churchill W. M. Wallace  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ ! U. S. Gov’t obligations_ Other bonds and securities Furniture and fixtu res_ Banking house ________ Cash and due from banks Other resources ________  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  217,182.92 168,100.00 6 , 000.00  3.240.00 3.500.00 138,623.95 1.00  .$ 536,647.87  Liabilities Capital s t o c k __________! Surplus fund __________ Undivided p r o fit s ______ Total capital accounts_$ 72,952.02 Demand deposits________ Time d ep osits_________ U. S. Gov’t deposits___ Public funds __________ Total d e p ._$ 463,695.85 Total  25.000. 00 25.000. 00 22,952.02  430,482.89 7,000.00 692.29 25,520.67  .$ 536,647.87  45  Fortieth Report  MERCHANTS AND FARMERS BANK, DUMAS Population 2,512. Desha County Chartered May 10, 1909. Telephone Number 114. Transit Number 81-330 Officers Directors Walton H. Rice___________President R. A. Adcock R. A. Pickens Ray Maxwell.________Vice President J. E. Allmon D. O. Porter, Jr. Claud T. Frank_____________ Cashier R. F. Cox O. L. Puryear Jack S. Dante Walton H. Rice E. C. Gannaway Lamar Williamson Joe L. McKennon STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $1,624,573.10 Capital s t o c k __________$ 100,000.00 U. S. Gov’t obligations_ 531,487.50 Surplus f u n d __________ 100,000.00 Other bonds and securities 293,463.64 Undivided p r o fit s ______ 112,196.09 Furniture and fixtures_ 24,157.56 Total capital accounts_$ 312,196.09 Banking house ________ 20,600.72 Cash and due from banks 581,485.82 Other resources________ 2,740.72 Demand deposits________ 1,981,064.95 Time deposits__________ 474,073.47 U. S. Gov’t deposits___ 10,540.05 Public funds __________ 300,634.50 Total dep. __$2,766,312.97 Total _______________ $3,078,509.06  Total _______________ $3,078,509.06  EARLE STATE BANK, EARLE Population 2,375. Crittenden County Chartered April 24, 1947 Telephone Number 2131. Transit Number 81-204 T )i  Officers  M. E. Bird________________ President W. M. Waters________ Vice President Lawson T. Garner____ Vice President E. D. Heath___________Vice President Mrs. Mary F. Fullwood______Cashier  M. E. Bird C. L. Blanz, Jr. B. G. Dickey, Jr. Lawson T. Garner  Everett Hood B. J. Wallace W. M. Waters L. S. Young  STATEMENT OF JUNE 30, 1954 Liabilities Resources Capital stock___________ $ 80,000.00 Loans and discounts------- $ 944,229.77 70,000.00 U. S. Gov’t obligations— 258,659.62 Surplus fund____________ 51,074.41 Other bonds and securities 257,565.14 Undivided profits_______ 17,084.41 Furniture and fixtures— 12,641.80 Reserves----------------------Banking house--------------1,539.92 Total capital accounts_$ 218,158.82 Cash and due from banks 483,139.02 Other resources-------------1,602.72 Demand deposits________ 1,297,702.90 Time deposits___________ 135,767.21 U. S. Gov’t deposits____ 19,502.46 Public funds____________ 288,246.60 Total dep. __$!,'741,219.17 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,959,377.99  Total  $1,959,377.99  46  State of Arkansas: Bank Department  THE DELTA STATE BANK, ELAINE Population 744. Phillips County Chartered December 30, 1947. Telephone Number 41. Transit Number 81-759 Officers Directors Wm. Demoret______________ President C. B. Barnhart Wm. Demoret J. M. Countiss, Jr____ Vice President E. Clay Bumpers F. R. Watson Mrs. Catherine M. Reid______Cashier J. M. Countiss, Jr. Pat Shadle_____________ Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts. _ $ 105,052.82 Capital stock _ _ _ $ U. S. Gov’t obligations_ 250,000.00 Surplus fund _____ 1,000.00 Undivided profits Other bonds and securities 4,589.75 Reserves _ _ Furniture and fixtu res_ _______ Cash and due from banks 261,881.61 Total capital accounts_$ 81,064.16 350.44 Other resources Demand deposits _ Public funds _ Total dep. __$ 541,810.46 T o ta l_  _  $ 622,874.62  Total _  40.000. 00 20.000. 00 19,933.12 1,131.04  483,993.39 57,817.07  _ _ _$ 622,874.62  THE EXCHANGE BANK & TRUST COMPANY, EL DORADO Population 23,076. Union County Chartered August 12, 1933. Telephone Number UNion 3-5107. Transit Number 81-668 Directors Officers Louis E. Hurley___________ President H. B. Axum D. R. James R. L. Aycock T. M. Martin H. B. Axum__________ Vice President R. C. Bodenhamer R. E. Meinert D. R. James_________ Vice President R. W. Newell J. C. Craighead_____________ Cashier W. A. (Dick) Dumas Claude B. Church_____ Asst. Cashier E. B. Garrett E. E. Paxton Geraldine H. Robinson_Asst. Cashier W. H. Hanna Joe G. Wepfer Louis E. Hurley Robert H. Tinkle______As°t. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts____ $2,533,571.32 Capital stock___________ $ 100,000.00 U. S. Gov’t obligations_ 2,397,182.49 Surplus fund------------------- 100,000.00 219,368.10 Other bonds and securities 402,095.88 Undivided profits_______ Furniture and fixtures_ 24,721.40 Reserves ----------------------42,637.50 Cash and due from banks 2,578,917.04 Total capital accounts_$ 462,005.60 Demand deposits________ 5,921,122.66 Time deposits____________ 1,054,429.25 U. S. Gov’t deposits_____ 245,890.99 Public funds____________ 205,572.93 Deposits of banks_______ 47,466.70 Total dep___ $7,474,482.53 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$7,936,488.13  ------Total  $7,936,488.13  Fortieth Report  47  BANK OF ELKINS, ELKINS Population 350. Chartered June 1, 1912.  Washington County;  Telephone Number 29.  Officers J. E. Bunch-------- President & Cashier Oscar West__________Vice President  Transit Number 81-506  Directors Edyth L. Bunch Roe Stokenbury J. E. Bunch J. C. Reed  STATEMENT OF JUNE 30, 1954 Resources  Liabilities  Loans and discounts___ $ 252,609.00 2.05 Overdrafts _ _____ U. S. Gov’t obligations __ 381,700.00 1.00 Furniture and fixtures_ 1.00 Banking house Cash and due from banks 320,506.86  Total  _____ __  _ $ 954,819.91  Capital s t o c k __________$ Surplus fund __________ ____ Undivided profits Total capital accounts_$ 73,504.69  25,000.00 45,000.00 3,504.69  Demand deposits ______ Time deposits _ ______ U. S. Gov’t deposits___ Public funds _____ _ Total dep. __$ 881,315.22  533,514.99 301,177.30 9,182.30 37,440.63  Total  ______________ $ 954,819.91  BANK OF ENGLAND, ENGLAND Population 2,136.  Lonoke County  Chartered August 23, 1898. Telephone Number Victoria 2-2011. Transit Number 81-213 Officers E. A. CarlLee_____________President B. F. Murchison______Vice President Seth Boles, Jr_______________Cashier H. P. Bell____________ Asst. Cashier  Directors Seth Boles, Jr. B. F. Murchison E. A. CarlLee Thos. O. Murchison D. P. Mashburn  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts------- S •916,503.43 7,000.00 U. S. Gov’t obligations __ 59,883.82 Other bonds and securities 2.501.00 Furniture and fixtures — 2.500.00 Banking house -----------1.00 Other real e s ta te ______ Cash and due from banks 542,036.33 1.00 Other resources________  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,530,426.58  Liabilities Capital s t o c k __________$ Surplus f u n d __________ Undivided p r o fits ______ Total capital accounts__$ 177,343.31  50,000.00 40,000.00 87,343.31  Demand deposits ______ 1,211,029.79 Time deposits__________ 32,393.16 Public funds __________ 109,660.32 Total d e p ._$1,353,083.27 Total  $1,530,426.58  State of Arkansas: Bank Department  48  THE CITIZENS BANK, ENGLAND Population 2,136. Lonoke County Chartered January 14, 1931. Telephone Number Victoria 2-4211. Transit Number 81-492 Officers Directors Ben B. Morris--------------------President W. G. Cunning Lois Rutherford Lois Rutherford_____ Vice President Ben B. Morris J. E. Swaim J. Otis DuPree______________ Cashier Carroll C. Leonard, Jr._Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ .$1,366,849.74 Capital stock___ _ __ $ 60,000.00 U. S. Gov’t obligations 231,800.00 Surplus fund _ _ 50,000.00 1.00 Undivided profits Furniture and fixtures __ _ _ 145,696.77 1.00 Reserves __ Banking h o u s e ___ 5,966.61 ____ Other real estate _ _ _ 4.00 Total capital accounts_$ 261,663.38 Cash and due from banksi 408,026.10 Other resources _ _ 1.00 Demand deposits _ 1,524,340.74 Time deposits _ 74,757.04 U. S. Gov’t deposits___ 21,929.38 Public f u n d s _______ __ 123,992.30 Total dep. __$1,745,019.46 Total _______  ___ $2,006,682.84  $2,006,682.84  Total _______  THE EUDORA BANK, EUDORA Population 3,072. Chicot County Chartered December 23, 1930. Telephone No. 5-4416. Transit Number 81-334 Officers  Directors  W. W. Grubbs___________ President C. J. Griffith, Jr_____ Vice President C. A. Diehl__________________ Cashier Evelyn M. Lilly________ Asst. Cashier Ben B row n ____________Asst. Cashier Mary G. Thach________ Asst. Cashier Hardy Stephenson______ Asst. Cashier  Dr. A. G. Anderson Sam Bowman E. T. Cashion C. A. Diehl  C. J. Griffith, Jr. W. W. Grubbs Ralph Scott R. T. Stephenson  STATEMENT OF JUNE 30, 1954 Liabilities Resources Loans and discounts____ $1,034,241.03 Capital stock____________ $ 75,000.00 75,000.00 Overdrafts_____________ 518.67 Surplus fund___________ 73,730.03 U. S. Gov’t obligations__ 300,200.00 Undivided profits_______ 25,139.02 Other bonds and securities 407,290.11 Reserves_______________ Furniture and fixtures_ 5,274.05 Total capital accounts_$ 248,869.05 Banking house__________ 2,115.35 Cash and due from banks 373,288.96 Other resources_________ 824.57 Demand deposits________ 1,217,833.29 Time deposits___________ 337,466.73 U. S. Gov’t deposits_____ 24,962.97 Public funds____________ 294,620.70 Total dep.__ $1,874,883.69 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $2,123,752.74  Total  $2,123,752.74  49  Fortieth Report  BANK OF EUREKA SPRINGS, EUREKA SPRINGS Population 1,958. Chartered May 4, 1912.  Carroll County  Telephone Number 3441.  Officers C. A. Fuller_______________ President Ray Freeman_________Vice President D. Simpson_____ Vice Pres. & Cashier  Transit Number 81-472  Ray Freeman C. A. Fuller  Directors D. Simpson R. R. Thompson  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 214,878.05 Overdrafts_____________ 72.82 U. S. Gov’t obligations_ 622,000.00 Other bonds and securities 71,300.00 Furniture and fixtures __ 1,000.00 Banking house ________ 2,500.00 Other real e s ta te ____ 1.00 Cash and due from banks 297,359.46 Other resources________ 1,080.62  Total _______________ $1,210,191.95  Liabilities Capital s t o c k __________$ Surplus fund __________ Undivided p r o fit s ______ Total capital accounts. _$ 92,992.06  25,000.00 25,000.00 42,992.06  Demand deposits ______ Time deposits__________ U. S. Gov’t deposits___ Public fu n d s ___________ Total dep. —$1,117,199.89  733,730.54 224,217.96 15,800.00 143,451.39  Total _______________ $1,210,191.95  BANK OF EVENING SHADE, EVENING SHADE Population 360. Chartered February 5, 1901.  Sharp County  Telephone Number 6.  Officers J. O. Laman______________ President O. S. Westmoreland___ Vice President E. B. Metcalf_______________Cashier J. B. Metcalf___________Asst. Cashier  J. O. Laman E. B. Metcalf  Transit Number 81-336 Directors J. B. Metcalf O. S. Westmoreland  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts____ $ 37,885.08 U. S. Gov’t obligations_ 305,000.00 Furniture and fixtures_ 1.00 Banking house__________ 1.00 Cash and due from banks 63,702.12  Liabilities Capital stock___________ $ Surplus fund___________ Undivided profits_______ Total capital accounts_$ 45,455.54 Demand deposits________ Time deposits___________ Public funds____________ Total dep___ $ 361,133.66  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $ 406,589.20  Total  10,000.06 30,000.00 5,455.54  308,230.76 3.00 52,899.90  $ 406,589.20  50  State of Arkansas: Bank Department  McILROY BANK, FAYETTEVILLE Population 17,071.  Washington County  Chartered December 24, 1892. Telephone Number Hlllcrest 2-5351. Transit Number 81-87 Officers  Directors  Hayden Mcllroy___________ President James H. Kays_____ Exec. Vice Pres. J. B. McConnell_____ Vice President L. O. Graham------------ Vice President W. C. Smith_________ Vice President Eleanor Sheppard_____ Asst. Cashier Zelma W. Farmer_____ Asst. Cashier  L. L. Baxter L. O. Graham James D. Johnson James H. Kays J. B. McConnell Hayden Mcllroy Henry B. Shreve  Herbert L. Thomas Clifton Wade Marion Wasson W. C. Whitfield, Jr. Hugh Williams Paul Young, Jr.  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $2,302,917.10 704.51 Overdrafts ____________ U. S. Gov’t obligations— 3,575,031.29 Other bonds and securities 1,195,191.95 Furniture and fixtu res_ 16,900.17 Banking h o u se _________ 67,232.67 Cash and due from banks 3,169,524.60 Other resources________ 4,753.95  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $10,332,256.24  Liabilities Capital s t o c k __________$ 100,000.00 Surplus fund __________ 150,000.00 36,475.37 Undivided profits ______ Reserves ______________ 330,038.10 Total capital accounts_$ 616,513.47 Demand deposits ______ 4,780,175.78 Time deposits _________ 1,990,840.63 U. S. Gov’t deposits___ 185,677.85 Public funds __________ 2,025,700.07 Deposits of b a n k s _____ 733,348.44 Total dep. __$9,715,742.77 Total  $10,332,256.24  51  Fortieth Report  FORDYCE BANK AND TRUST COMPANY, FORDYCE Population 3,754. Chartered January 5, 1931.  Dallas County  Telephone Number 83.  Officers E. C. Benton______________ President B. A. Mayhew________Vice President Pau*l Offutt_________________ Cashier Jack Hearnsberger____Asst. Cashier Mrs. M. S. Smith______Asst. Cashier  Transit Number 81-127 Directors  E. C. Benton H. B. Benton H. E. Dedman J. H. Everett B. A. Mayhew  Paul Offutt W. D. Stell C. F. Sturgis L. Weems Trussell S. A. Williams  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts____ $ 861,227.65 88.27 Overdrafts_____________ U. S. Gov’t obligations_ 1,003,753.13 Other bonds and securities 467,499.81 6,703.38 Furniture and fixtures_ Banking house__________ 33,000.00 4,200.00 Other real estate________ Ca£h and due from banks 781,398.97  Liabilities Capital stock___________ $ 100,000.00 100,000.00 Surplus fund____________ Undivided profits_______ 67,380.17 820.87 Reserves_______________ Total capital accounts_$ 268,201.04  T o ta l__________________ $3,157,871.21  T o ta l__________________ $3,157,871.21   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Demand deposits________ 1,860,926.86 Time deposits___________ 765,278.49 U. S. Gov’t deposits_____ 19,564.12 Public funds____________ 240,229.06 Deposits of banks_______ 3,671.64 Total dep.___$2,889,670.17  52  State of Arkansas: Bank Department  PLANTERS BANK AND TRUST COMPANY, FORREST CITY Population- 7,607.  St. Francis County  Chartered April 15, 1921. Telephone Number 326. Trar.sit Number 81-143 Officers Directors H. H. Cooper______________President E. B. Belshe Mrs. E. B. Robinson J. B. Fletcher________Vice President H. H. Cooper Sam Sharpe J. B. Fletcher Jack T. Stephens Charles C. Moore___________Cashier J. H. Calhoun_________ Asst. Cashier C. N. Haven R. R. Wilkerson Dione K. Henderson___ Asst. Cashier Henry T. Haver James F. Wolfe Elizabeth B. Moore___ Asst. Cashier L. F. Haven, Jr. W. P. Moore__________Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities $ 150,000.00 Loans and discounts $2,473,874.26 Capital stock 150,000.00 Overdrafts 892.97 Surplus fund 59,251.92 607,357.50 Undivided profits U. S. Gov’t obligations__ 6,412.66 Other bonds and securities 800,306.98 Reserves 26,652.20 Total capital Furniture and fixtures_ accounts_$ 365,664.58 Banking house 47,000.00 868,627.64 Other real estate 2,426,919.59 Cash and due from banks 3,130.15 Demand deposits Time deposits 952,731.15 U. S. Gov’t deposits 138,901.59 Public funds _ 943,624.79 Total dep___ $4,462,177.12 T o ta l_  _ _  $4,827,841.70  Total __  $4,827,841.70  ARKANSAS VALLEY TRUST COMPANY, FORT SMITH (Not engaged in commercial banking) Population 47,942. Sebastian County Chartered February 12, 1906. Telephone Number 3-1114. Transit Number 81-571 Officers Directors Leon E. Werntz__________President Harry P. Daily Raymond F. Orr Camall Gardner____ Vice President Carnall Gardner Rutherford J. Ross Walter T. Gosman_Secretary-Treas. S. Bemie Harper R. J. Speer, Sr. Dorothy Turner_____________ Jerome Ney Leon E. Werntz Asst. Secretary-Treas. Lloyd Williams_____ Asst. Secretary STATEMENT OF Resources Loans and discounts___ $ 33,791.27 Other bonds and securities 1,500.00 Furniture and fixtures_ 27,943.49 Banking house ________ 39,709.07 Other real e s ta te ______ 100.00 Cash and due from hanks 137,445.63 Other resources________ 182,581.15  JUNE 30, 1954 Liabilities Capital s t o c k __________$ 150,000.00 Surplus fund __________ 30,000.00 Undivided p r o fit s ______ 92,425.08 Reserves ______________ 31,550.57 Total capital accounts_$ 303,975.65 Other liabilities________  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $ 423,070.61  Total  119,094.96 $ 423,070.61  53  Fortieth Report  THE BANK OF FRANKLIN, FRANKLIN Population 100.  Izard County  Chartered June 13, 1905.  Transit Number 81-338  Officers  Directors  R. M. Standerford_________President D. F. Bryant___ Vice Pres. & Cashier Tommie Billingsley____ Asst. Cashier  Mrs. Tressie Box D. F. Bryant  R. M. Standerford  STATEMENT OF JUNE 30, 1954 Resources  Loans and discounts___ ! Overdrafts ____________ U. S. Gov’t obligations_ Other bonds and securities Furniture and fixtures_ Banking house ________ Cash and due from banks Other resources ________  Total  Liabilities  113,912.18 336.51 63,000.00 3,000.00 3,632.00 1.00 80,338.70 108.00  264,328.39  Capital s t o c k __________$ Surplus f u n d ____ ______ Undivided p r o fit s ______ Total capital accounts_$ 38,092.66  10,000.00 15,000.00 13,092.66  Demand deposits ______ U. S. Gov’t deposits____ Public fu n d s___________ Total d ep ._$ 226,235.73  175,949.43 4,918.34 45,367.96.  ----------------  Total  264,328.39  BANK OF GLENWOOD, GLENWOOD Population 843. Chartered December 27, 1912. ^  Pike County  Telephone Number 18.  Officers  Transit Number 81-343 Directors  John Golden______________President R. W. Brakefield______Vice President H. H. Duke__________________ Cashier Doris Hutchings_______Asst. Cashier  R. W. Brakefield C. R. Cantrell H. H. Duke  John Golden Homer Ligon Ira C. West  STATEMENT OF JUNE 30, 1954 Resources  Loans and discounts___ ! Overdrafts ____________ U. S. Gov’t obligations_ Other bonds and securities Furniture and fixtures_ Banking h ou se_________ Cash and due from banks Other resources ________  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Liabilities  412,439.77 13.10 495,000.00 8 ,000.00 1.00 1.00 439,180.68 1.00  $1,354,636.55  Capital s t o c k __________ Surplus fund __________ Undivided p r o fit s ______ Reserves ______________ Total capital accounts_$ 122,503.48 Demand deposits_______ Time deposits _________ U. S. Gov’t deposits___ Public funds __________ Total dep. _ .$1,232,133.07 Total  25.000. 00 40.000. 00 55,562.51 1,940.97  940,305.21 244,629.03 1,368.75 45,830.08  $1,354,636.55  54  State of Arkansas: Bank Department  BANK OF GRAVETT, GRAVETTE Population 894.  Benton County  Chartered February 28, 1898. Telephone Number 7-3401. Transit Number 81-269 Officers J. T. Edmondson_________ President Tom Cawood_________Vice President Frank Hidy_________________ Cashier John R. Meade________Asst. Cashier  Directors F. S. Ballard Allen McAllister Tom Cawood C. E. McAllister J. T. Edmondson Philo Rodgers J. T. Edmondson, Jr.  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 548,082;23 Overdrafts ____________ 1,741.73 U. S. Gov’t obligations_ 732,350.00 Other bonds and securities 54,741.71 8,559.17 Furniture and fixtures_ 3,820.00 Banking house__________ Other real e s ta te _____ 1.00 Cash and due from banks 630,810.61 404.55 Other resources ________  Total  $1,980,511.00  Liabilities Capital s t o c k __________$ 25,000.00 Surplus fund __________ 25,000.00 126,253.54 Undivided p r o fit s ______ Total capital accounts_$ 176,253.54 ------------------Demand deposits ______ 1,572,046.35 211,466.89 Time deposits _________ Public funds __________ 20,744.22 Total dep._$1,804,257.46 Total  $1,980,511.00  FARMERS BANK, GREENWOOD Population 1,634.  Sebastian County  Chartered August 7, 1907. Telephone Number 3231. Transit Number 81-226 Officers W. N. Wilkinson--------------- President Means Wilkinson_____ Vice President Alice Holland_______________ Cashier George A. Henry______Asst. Cashier  Directors Charles O. Bell Means Wilkinson W. C. Davis W. N. Wilkinson W. H. Lewis  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ U. S. Gov’t obligations_ Other bonds and securities Furniture and fixtures_ Banking house ________ Other real e s ta t e ______ Cash and due from banks  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  281,422.73 493,000.00 333,316.15 3,050.00 1.00 1.00 593,279.89  „$ 1 ,'704,070.77  Liabilities Capital s t o c k __________ $ Surplus f u n d __________ Undivided p r o fit s ______ Total capital accounts_$ 135,572.03  40,000.00 40,000.00 55,572.03  Demand deposits ______ 1,050,851.20 Time deposits _________ 350,478.50 U. S. Gov’t deposits___ 24,000.00 Public funds --------------143,169.04 Total dep. __$1,568,498.74 Total  $1,704,070.77  55  Fortieth Report  THE FIRST BANK, GRIFFITHVILLE Population 207. Chartered November 6, 1905.  White Cour.ty  Telephone Number 256. Transit Number 81-347  Officers James A. Neaville_________President James A. Neaville, Jr._Vice President John B. Neaville____ :________Cashier  Directors Jas. A. Neaville Jno. B. Neaville Jas. A. Neaville, Jr. Ralph. Neaville  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 129,394.08 U. S. Gov’t obligations_ 110,000.00 600.00 Furniture and fixtures_ Banking h o u s e __ ,_____ 1.00 Cash and due from bank 53,938.42  Liabilities Capital s t o c k __ __ __ Surplus fund _ _ Undivided profits ....... Total capital accounts_$ 26,016.75  20,000.00 3,000.00 3,016.75  Demand deposits _ _ U. S. Gov’t deposits___ Public funds Total dep. __$ 267,903.69  255,402.29 93.75 12,407.65  Other liabilities Total  $ 293,933.50  Total  13.06 _  ___ $  293,933.50  CLARK COUNTY BANK, GURDON Population 2,390. Chartered Augst 4, 1900  Clark County  Telephone Number 3-4414.  Officers F. H. Rudolph____________ President E. H. Frizzell________Vice President Richard E. Davidson_________Cashier Mrs. Lewelyn Edwards_Asst. Cashier  Trans.'t Number 81-349  Directors Charles H. Crowe Earl Ross Richard E. Davidson H. T. Ross E. H. Frizzell F. H. Rudolph J. E. McMillan  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ Overdrafts___ _________ U. S. Gov’t obligations — Other bonds and securities Furniture and fixtu res_ Cash and due from banks  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  313,411.81 9.92 316,902.88 248,065.04 2,729.50 493,803.09  $1,374,922.24  Liabilities Capital s t o c k __________$ Surplus fu n d ___________ Undivided p r o fit s ______ Reserves_______________ Total capital accounts_$ 127,507.59  50,000.00 30,000.00 43,883.87 3,623.72  Demand deposits_______ Time deposits__________ U. S. Gov’t deposits___ Public funds __________ Total dep. __$1,247,414.65  653,359.27 342,374.35 3,317.49 248,363.54  Total  $1,374,922.24  56  State of Arkansas: Bank Department  FARMERS BANK, HAMBURG Population 2,655. Chartered March 10, 1941.  Ashley County  Telephone Number 47.  Officers S. A. Wilcoxon____________ President V. W. Walker________Vice President Leslie J. Serrett____________ Cashier Louie G. Foote________Asst. Cashier  Transit Number 81-181  Directors F. P. Blanks Leslie J. Serrett W. E. Foote V. W. Walker Leroy HigginbothamS. A. Wilcoxon Murphy Jones  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 195,956.42 U. S. Gov’t obligations_ 1,016,900.00 Other bonds and securities 9,405.00 Cash and due from banks 368,668.64  Liabilities Capital s t o c k __________ $ Surplus fu n d ___________ Undivided p r o fit s ______ Reserves_______________ Total capital accounts_$ 171,062.68  50,000.00 50,000.00 61,062.68 10,000.00  Demand deposits_______ 1,349,569.31 25,367.98 Time deposits__________ U. S. Gov’t deposits___ 1,849.22 Public fu n d s ___________ 43,080.87 Total dep. _ .$1,419,867.38 T o ta l________________ $1,590,930.06  T o ta l________________ $1,590,930.06  CALHOUN COUNTY BANK, HAMPTON Population 838. Chartered October 26, 1906.  Calhoun County  Telephone Number 42.  Officers B. W. Harrell_____________President Searcy Harrell_______Vice President Len Harrell________________ Cashier Mary Johnston------------- Asst. Cashier  Transit Number 81-353  Directors Hubert J. Brown Searcy Harrell B. W. Harrell E. C. Johnston Fay Harrell I. C. Strickland John E. Hearnberger  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ ! U. S. Gov’t obligations_ Other bonds and securities Furniture and fixtu res_ Banking house ________ Cash and due from banks  618,018.45 256,350.00 210,419.12 11,000.00 9,500.00 182,440.06  Liabilities Capital stock ___________! Surplus f u n d ______•___ Undivided p r o fit s ______ Reserves_______________ Total capital accounts_$ 180,000.00 Demand deposits ______ Time deposits__________ U. S. Gov’t deposits___ Public funds __________ Total dep. _.$1,107,727.63  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,287,727.63  Total  25,000.00 100,000.00  31.652.00 23.348.00  786,509.94 164,720.93 10,081.52 146,415.24  $1,287,727.63  Fortieth Report  57  THE BANK OF HARRISBURG, HARRISBURG Population 1,498. Chartered December 2, 1930.  Poinsett County  Telephone No. PLaza 7-5427.  Officers T. T. Mardis_______________ President William S. Martin____ Vice Presiden Horace S. Smith_____________ Cashier Mrs. Doris H. Smith___ Asst. Cashier Mrs. Ida J. Bettis______Asst. Cashier  Transit No. 81-693  Directors T. T. Mardis William S. Martin Mrs. D. M. Mardis  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ 5 751,346.84 Overdrafts_____________ 68.33 U. S. Gov’t obligations_ 300,900.00 12,634.92 Furniture and fixtu res_ Banking house ________ 8,756.00 Cash and due from banks 332,503.90  Liabilities Capital s t o c k __________$ Surplus fu n d ___________ Undivided p rofits_______ Total capital accounts_$ 134,556.37  25,000.00 50,000.00 59,556.37  Demand deposits_______ 1,166,840.50 U. S. Gov’t deposits___ 12,096.30 Public fu n d s ___________ 92,716.82 Total d e p ._$1,271,653.62 Total  $1,406,209.99  Total  $1,406,209.99  COMMERCIAL BANK, HARRISON Population 5,542. Chartered July 7, 1944.  Boone County  Telephone Number 575.  Officers F. L. Coffman_____________ President T. W. Rogers_________ Ex.Vice Pres. & Cashier V. D. Willis_________ Vice President D. L. Owens________ Vice President T. G. Vinson__________ Asst. Cashier  F. F. T. C. D.  Transit Number 81-746  Directors L. Coffman L. Coffman, Jr. L. Jackson N. Kent L. Owens  E. T. V. J.  E. Pippen W. Rogers D. Willis O. Wilson  STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $1,293,658.33 Capital s t o c k __________ $ 75,000.00 U. S. Gov’t obligations 434,810.00 Surplus fu n d ___________ 100,000.00 Other bonds and securities 327,187.17 Undivided p r o fit s ______ 8,179.66 Furniture and fixtu res_ 15,674.32 Total capital Cash and due from banks 1,193,551.25 accounts_$ 183,179.66 Demand deposits________ 1,917,301.49 Time deposits__________ 781,595.06 U. S. Gov’t deposits___ 31,968.06 Public fu n d s ___________ 272,674.24 Deposits of b an k s______ 62,597.38 Total dep. —$3,066,136.23 Other liabilities__ ,_____ T o t a l_________________ $3,264,881.07  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  15,565.18  T o t a l_________________ $3,264,881.07  58  State of Arkansas: Bank Department  THE SECURITY BANK, HARRISON Population ,5,542. Boone County Chartered November 20, 1931 Telephone Number 86 Transit Number 81-704 Officers Directors C. C. Alexander__________President C. C. Alexander Joe Kirby T. C. Heuer__________ Vice President Roy L. Baker W. O. Newton Roy L. Baker, Jr------ Exec. Vice Pres. Roy L. Baker, Jr. E. R. Tims E. R. Tims__________ Exec. Vice Pres. Garvin Fitton L. A. Watkins & Cashier T. C. Heuer Kathryn Jones________Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $2,004,671.02 Capital s t o c k __________$ 125,000.00 Overdrafts ____________ 4,318.72 Surplus fund __________ 150,000.00 U. S. Gov’t obligations_ 1,232,800.00 Undivided p r o fit s ______ 86,325.74 Other bonds and securities 673,841.78 Total capital accounts_$ 361,325.74 1.00 Furniture and fixtures_ Banking house ________ 1.00 Cash and due from banks 2,222,099.03 Demand deposits ______ 3,764,769.23 Other resources________ 3.00 Time deposits _________ 1,452,060.86 U. S. Gov’t deposits___ 48,584.73 Public funds __________ 463,966.79 Deposits of ban ks______ 47,028.20 Total dep._$5,776,409.81 Total  $6,137,735.55  Total  $6,137,735.55  PRAIRIE COUNTY BANK, HAZEN Population 1,270. Prairie County Chartered July 17, 1945 Telephone Number 2511 Transit Number 81-750 Officers Directors J. J. Screeton_____________ President L. P. Aycock H. B. Robinson J. J. Screeton L. P. Aycock_________ Vice President J. O. Crowly R. C. Hartlieb-,_Exec. Vice President H. J. Hall Ezra Shoop James E. Sparks James E. Sparks_____________ Cashier R. C. Hartlieb Grace 0. St&llings_____ Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $ 702,885.50 Capital stock____________ ! Overdrafts ____________ 9,270.44 Surplus fund __________ U. S. Gov’t obligations_ 183,234.65 Undivided p r o fit s ______ Other bonds and securities 177,302.39 Reserves ______________ Furniture and fixtures __ 21,151.94 Total capital Bankir g house ________ accounts_$ 143,665.55 24,338.61 Cash and due from banks 357,524.63 Other resources ________ 2,095.42 Demand deposits ______ Time d ep osits________ U. S. Gov’t deposits___ Public funds __________ Total dep__ $1,334,138.03 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,477,803.58  Total  60,000.00 40,000.00 28,535.21 15,130.34  982.133.20 196.816.21 16,695.42 138,493.20  $1,477,803.58  Fortieth Report  59  THE CLEBURNE COUNTY BANK, HEBER SPRINGS Population 2,109.  Cleburne County  Chartered December 16, 1930. Telephone Number 2-2643. Tiar.sit No. 81-175 Officers Wiley H. Robbins__________ President Jerome Johnson_Exec. Vice President Walter Aldridge_____________ Cashier Della Mae Verser_____ Asst. Cashier Sam Morton__________Asst. Cashier  Directors Jerome Johnson Dr. L. E. Robbins Dr. B. M. Robbins Dr. W. E. Robbins Dr. Joe N. RobbinsWiley H. Robbins  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ U. S. Gov’t obligations_ Other bonds and securities Furniture and fixtures_ Banking house ________ Cash and due from banks  495,242.01 326,000.00 319,339.14 1.00 1,000.00 227,545.53  Liabilities Capital stock __________$ 30,000.00 Surplus f u n d __________ 35,000.00 Undivided profits_______ 104,655.19 10,144.98 Reserves ____ ,_________ Total capital accounts..?' 179,800.17 Demand deposits ______ 1,076,528.90 U. S. Gov’t deposits___ 20,439.81 Public funds __________ 92,358.80 Total dep. __$1,189,327.51  $1,369,127.68  Total  $1,369,127.68  Total  GUARANTY LOAN AND TRUST COMPANY, HELENA (Not engaged in commercial banking) Population 11,236. Chartered February 9, 1910.  Phillips County  Telephone No. HI 4-3032.  Officers Dewey Moore______________ President H. G. Stephens________Vice President C. L. McKelvy____________ Secretary W. D. Hudson, Jr________Treasurer  S. H. Hurst C. E. Mayer Dewey Moore  Transit No. 81-64  Directors W. L. Morris H. G. Stephens  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts____ ! U. S. Gov’t obligations__ Other bonds and securities Furniture and fixtures_ Other real estate________ Cash and due from banks Other resources_________  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  84,865.92 2.600.00 14,000.00 1.401.00 1.00 30,173.97 3.234.00  $ 136,275.89  Liabilities Capital stock___________ ! Surplus fund____________ Undivided profits_______ Total capital accounts_$ 89,974.36 ------------------Trust deposits__________ Other liabilities_________ Total  50.000. 00 30.000. 00 9,974.36  43,528.59 2,772.94  $ 136,275.89  60  State of Arkansas: Bank Department  VALLEY BANK, HINDSVILLE Population 262. Chartered November 8, 1907.  Madison County  Telephone Number 320.  Officers Adry Gaskill_______________President C. F. Fitch, Jr_______ Vice President Lloyd A. Linebarger_________Cashier  Wm. B. Bunch C. F. Fitch, Jr. Adry Gaskill  Transit Number 81-362 Directors James R. Hargis Tom Hargis Lloyd A. Linebarger  STATEMENT OF JUNE 30. 1954 Resources Loans and discounts____ $ Overdrafts_____________ U. S. Gov’t obligations__ Other bonds and securities Furniture and fixtures_ Banking house__________ Cash and due from banks Other resources_________  Total  61,056.69 238.78 85,100.00 10,440.00 1.00 500.00 90,571.60 1,421.95  249,330.02  Liabilities Capital stock___________ $ 10,000.00 Surplus fund____________ 10,000.00 2,771.69 Undivided profits_________ Reserves_________________ 8,186.02 Total capital accounts_$ 30,957.71 Demand deposits________ Time deposits___________ U. S. Gov’t deposits____ Public funds____________ Total dep-----$ 218,372.31 Total  151,231.83 56,990.48 150.00 10,000.00  $ 249,330.02  BANK OF HOLLY GROVE, HOLLY GROVE Population 761. Chartered March 12, 1903.  Monroe County  Telephone Number 2681.  Officers M. P. Walls_______________ President J. I. Matthews_________Vice President B. J. Lambert, Jr____________ Cashier Jack Phillips___________ Asst. Cashier  Transit Number 81-275  Directors B. J. Lambert J. B. Moore, Jr. B. J. Lambert, Jr. M. P. Walls J. I. Matthews O. M. Washington J. W. Mayo  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts____ $ U. S. Gov’t obligations-__ Other bonds and securities Furniture and fixtures_ Banking house__________ Cash and due from banks  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  767,209.12 481,105.25 120,375.00 3,258.41 1.00 236,716.82  $1,608,665.60  Liabilities Capital stock___________ $ 30,000.00 Surplus fund____________ 100,000.00 Undivided profits_______ 27,996.35 Total capital accounts_$ 157,996.35 Demand deposits________ 1,106,780.74 Time deposits___________ 135,813.94 U. S. Gov’t deposits____ 656.25 Public funds____________ 207,418.32 Total dep___ $1,450,669.25 Total  $1,608,665.60  61  Fortieth Report  HORATIO STATE BANK Population 776. Chartered May 15, 1905  Sevier County  Telephone Number 77.  Officers C. E. Hendrix_____________President W. H. Frith________ Vice President O. T. Brinkley_______ Vice President Mazie Gallaher_____________ Cashier A. E. Edmonson________Asst. Cashier  Transit Number 81-342  Directors 0. T. Brinkley Lilia S. Hendrix F. R. Ethridge L. O. Shull C. E. Hendrix  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts____ $ Overdrafts_____________ U.-S. obligations________ Other bonds and securities Furniture and fixtures__ Banking house__________ Cash and due from banks  535,511.73 322.92 419,070.67 143,065.86 8,500.00 4,000.00 310,030.43  Liabilities Capital stock___________ $ Surplus fund____________ Undivided profits_______ Total capital accounts_$ 100,299.00  Demand deposits________ 1,013,396.44 Time deposits___________ 207,886.61 U. S. Gov’t deposits____ 3,634.40 Public fu n d s ___________ 95,130.36 Total dep___ $1,320,047.81 Other Liabilities________  T o ta l__________________ $1,420,501.61   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  32,500.00 42,500.00 25,299.00  154.80  T ota l____________ ______ $1,420,501.61  62  State of Arkansas: Bank Department  ARKANSAS TRUST COMPANY, HOT SPRINGS Population 29,307. Chartered April 18, 1907.  Garland County  Telephone Number 6400.  Officers Dave Burgauer____________ President Geo. H. Sexton______Exec. Vice Pres. Norton Meek___ Vice Pres. & Cashier William L. Little_______________ ___________ Vice Pres. & Auditor E. M. Thrash_________Vice President Marie Schnebelen______________ ________Asst. Cashier & Tr. Off. Robert E. Jones________ Asst. Cashier C. J. Clements_________Asst. Cashier H. G. Gasbarre________Asst. Cashier F. L. Baldwin_________ Asst. Cashier  Transit Number 81-51  Directors Dave Burgauer F. L. Thompson Clarence J. Horner E. M. Thrash Norton Meek Hill A. Wheatley Carl E. Miles W. W. Wilson Geo. H. Sexton E. F. Woodcock  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $2,089,883.52 Overdrafts *____________ 122.06 U. S. Gov’t obligations_ 6,402,509.26 Other bonds and securities 799,959.61 Furniture and fixtures_ 40,757.11 Banking h o u se _________ 39,500.02 Cash and due from banks 3,944,879.93 Other resources________ 54,574.68  Liabilities Capital s t o c k __________$ Surplus fund __________ Undivided p r o fit s ______ Reserves ______________ Total capital accounts_$1,154,955.94  Demand deposits ______ 9,534,840.55 Time deposits__________ 944,109.11 U. S. Gov’t deposits___ 307,122.22 Public funds __________ 1,353,080.82 Deposits of ban k s______ 32,000.00 Total dep. -$12,171,152.70 Other liabilities________  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $13,372,186.19  400,000.00 400,000.00 243,903.53 111,052.41  Total  46,077.55  $13,372,186.19  63  Fortieth Report  JACKSONVILLE STATE BANK, JACKSONVILLE Population 2,474. Chartered August 2, 1949.  Pulaski County  Telephone Number 3.  Tiansit Number 81-764  Officers Directors Jack East, Jr._____________ President Jack East, Jr. Clarence M. Thomas Kenneth Pat Wilson__ Vice President Lyle B. Marcue B. Fred Thompson Austin Leeds________________ Cashier J. H. Mize Kenneth Pat Wilson Mrs. Winnie Trawick_Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 957,503.20 Overdrafts ____________ 80.16 Other bonds and securities 172,244.80 Furriture and fixtu res_ 15,147.42 Banking house ________ 39,691.66 Cash and due from banks 398,942.70 1.00 Other resources________  Liabilities Capital s t o c k __________$ Surplus fund __________ Undivided p r o fit s ______ Reserves ______________ Total capital accounts_$ 126,197.24  75,000.00 25,000.00 16,709.36 9,487.88  Demand deposits ______ 1,201,031.81 Time deposits__________ 186,321.25 U. S. Gov’t deposits___ 6,812.08 Public funds __________ 54,798.49 Total dep. __$1,448,963.63 Other liabilities________ Total  $1,583,610.94  8,450.07  Total _______________ $1,583,610.94  NEWTON COUNTY BANK, JASPER Population 407. Chartered March 24, 1903.  Newton County  Telephone Number 9.  Officers L. W. Nance______ Pres, and Cashier J. Lex Moore_________ Vice President Alta Gorden__________ Vice President Joe C. Nance___________ Asst. Cashier  Alta Gorden J. Lex Moore J. C. Nance  Transit Number 81-371 Directors J. D. Nance L. W. Nance  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 188,965.24 U. S. Gov’t obligations_ 350,403.00 Furniture and fixtu res_ 2,600.00 Banking house ________ 5,545.27 Other real e s ta te ______ 800.00 Cash and due from banks 145,748.55  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $ 694,062.06  Liabilities  Capital s t o c k _________ Surplus f u n d _________ Undivided profits ____ Total capital accounts__$ 71,740.50 ------------------Demand deposits_______ Time deposits__________ Public funds __________ Total d e p ._$ 622,321.56 Total  25.000. 00 25.000. 00 21,740.50  535,947.79 46,616.87 39,756.90  $ 694,062.06  64  State of Arkansas: Bank Department  CITIZENS BANK OF JONESBORO, JONESBORO Population 16,310. Chartered July 25, 1919.  Craighead County  Telephone No. WEbster 2-6603.  Officers M. L. McKinney___________ President C. V. McKinney______Exec. Vice Pres. Major W. Griffin____________ Cashier Donald C. Jones________Asst. Cashier  Transit No. 81-613  Directors C. V. McKir.ney B. Frank Williams G. E. McKinney J. Lan Williams M. L. McKinney  STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $3,697,354.30 Capital s t o c k __________ $ 200,000.00 Overdrafts __________ 390.32 Surplus f u n d ___________ 200,000.00 U. S. Gov’tobligations__ 1,214,344.93 Undivided p r o fit s ______ 305,477.35 Other bonds andsecurities 375,106.94 Total capital Furniture and fixtures_ 23,126.00 accounts_$ 705,477.35 Cash and due from banks 3,784,767.89 ------------------Demand deposits ______ 4,331,958.87 Time deposits__________ 2,603,286.31 U. S. Gov’t deposits ! __ 315,274.28 Public fu n d s ___________ 710,404.20 Deposits of ban k s______ 428,689.37 Total dep. __$8,389,613.03 Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $9,095,090.38  Total  $9,095,090.38  65  Fortieth Report.  MERCANTILE BANK, JONESBORO Population 16,310. Craighead County Chartered January 7, 1932. Telephone Number WEbster 5-5521. Transit Number 81-72 Officers Directors Claude Gregory__________ President Bryan Armstrong Claude Gregory Nathan Deutsch_Vice Pres. & Secy. Edward 0. Cherry W. Gus Nash, Jr. R. W. Higginbotham_________Cashier L. M. Rebsamen Nathan Deutsch Alberta Dickson_______ Asst. Cashier A. Faught J. Paul Smith Carey Smith___________Asst. Cashier Charles Frierson Naomi Craft----------------Asst. Cashier Louise Smith__________ Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $3,083,602.38 Capital s t o c k __________$ 200,000.00 U. S. Gov’t obligations_ 2,747,361.07 Surplus fund __________ 100,000.00 Other bonds and securities 602,904.06 Undivided p r o fit s ______ 256,350.69 Furniture and fixtu res_ 25,578.58 Reserves ______________ 3,286.81 34,630.00 Total capital Banking house ________ Cash and due from barks 1,756,933.64 accounts_$ 559,637.50 Other resources________ 3,921.54 Demand deposits ______ 3,959,819.90 Time deposits__________ 2,950,324.09 U. S. Gov’t deposits___ 90,216.87 Public funds __________ 611,483.40 Deposits of banks______ 83,449.51 Total dtp. __$7,695,293.77 Total _______________ $8,254,931.27  Total _______________ $8,254,931.27  FARMERS AND MERCHANTS BANK, JUDSONIA Population 1,122. White County Chartered May 29, 1913. Telephone Number 38. Trarsit Number 81-549 Officers Directors A. J. Stephens____________ President J. Herbert Graves A. J. Stephens J. H. Graves_________Vice President J. A. Henson E. O. Yancey C. I. Stevers______________ Cashier Guy Humphries________Asst. Cashier STATEMENT OF JUNE 30, 1954 Liabilities Resources Capital s t o c k __________! Loans and discounts___ $ 165,823.18 U. S. Gov’t obligations_ 337,390.63 Surplus f u n d __________ Other bonds and securities 103,820.00 Undivided p r o fit s ______ Furniture and fixtu res_ 6,000.00 Total capital accounts_$ 107,413.53 Banking house ________ 5,500.00 Cash and due from banks 150,895.90 Demand deposits ______ U. S. Gov’t deposits___ Public funds __________ Total dep. __$ 662,015.18 Other liabilities Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$ 769,429.71  Total  35.000. 00 35.000. 00 37,413.53  579,123.14 4,715.00 78,177.04 1.00  .$ 769,429.71  66  State of Arkansas: Bank Department  UNION STATE BANK, JUNCTION CITY Population 1,013. Chartered August 28, 1933.  Union County  Telephone Number 73.  Officers I. A. Brinker______________ President O. H. Goodwin______ Vice President J. M. Thompson_____________ Cashier  Tiansit Number 81-232  I. A. Brinker A. A. Couch 0. H. Goodwin  Directors Houston Hall H. E. Kir.ard  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 154,124.67 U. S. Gov’t obligations_ 518,006.75 22,392.23 Other bonds and securities 800.00 Furniture and fixtures_ 2,100.00 Banking house ________ 1.00 Other real e s ta te _____ Cash and due from banks 300,536.25  Liabilities Capital s t o c k __________$ Surplus fund __________ Undivided p r o fits ______ Reserves ______________ Total capital accounts_$ 113,857.80  598,514.55 218,330.14 4,210.39 63,048.02  Demand deposits ______ Time deposits _________ U. S. Gov’t deposits___ Public funds __________ Total dep. 884,103.10 $ 997,960.90  Total  25.000. 00 50.000. 00 35,007.80 3,850.00  997,960.90  Total  BANK OF KENSETT, KENSETT Population 829.  White County  Chartered February 17, 1922. Telephone Number 191. Transit Number 81-649 Officers A. P. Mills_______________ President John H. Johnston____ Vice President Mrs. Thelma Roth___________ Cashier  Directors John H. Johnston A. P. Mills  J. W. Sloan  STATEMENT OF JUNE 30, 1954 R6sourc6S  Loans and discounts___ $ 107,236.66 Overdrafts ____________ 44.47 U. S. Gov’t obligations_ 194,000.00 Furniture and fixtures_ 1.00 Banking house ________ 1.00 Cash and due from banks 260,561.35 Other resources-----------1.00  Liabilities Capital stock _ _ _ $ Surplus fund Undivided profits _ Total capital accounts_$ 43,664.98 Demand d e p o s its ___ Public funds ____ Total d e p ._$ 518,047.80 Other liabilities  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$ 561,845.48  Total  ......  25,000.00 5,000.00 13,664.98  476,649.24 41,398.56 132.70  .$ 561,845.48  67  Fortieth Report  BANK OF KINGSTON, KINGSTON Population 200.  Madison County Transit Number 81-467  Chartered April 7, 1911. Officers A. B. Bunch_______________ President Tom Hargis__________Vice President Wilson Bunch_______________ Cashier Wm. B. Bunch_________Asst. Cashier  Directors A. B. Bunch Tom Hargis Fred Evon Bunch Ada B. McCracken Wilson Bunch  STATEMENT OF JUNE 30. 1954 Resources Liabilities Loans and discounts___ $ 40,537.06 Capital stock — $ U. S. Gov’t obligations_ 92,100.00 Surplus fund Other bonds and securities 20,960.00 Undivided profits Furniture and fixtures_ 61.00 Reserves - _ Banking house__________ 1.00 Total capital Other real estate________ 3.00 accounts_$ 31,701.47 Cash and due from banks 183,697.76 Demand deposits Time depositsPublic funds Total dep___ $ 305,658.35 T o ta l__________________ $ 337,359.82  10,000.00 10,000.00 6,701.47 5,000.00  212,383.70 83,274.65 10,000.00  T o ta l__________________ $ 337,359.82  FARMERS STATE BANK, LAKE CITY Population 783.  Craighead County  Chartered February 28, 1950. Telephone Number 3221. Transit Number 81-766 Officers H. H. McAdams------------------ President Fred Carter_________ Vice President Donald Timms_Asst. Vice President L. D. Walker, Jr____________ Cashier La Wanda Timms______Asst. Cashier  Directors Fred Carter M. S. Rubenstein L. A. Cato Donald Timms W. O. Doak G. E. Wood H. H. McAdams  STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts____ : 571,435.11 Capital stock____________ $ U. S. Gov’t obligations,_ 200,500.00 Surplus fund____________ Other bonds and securities 12,000.00 Undivided profits_______ Furniture and fixtures_ 1.000.00 Reserves_______________ 4.000.00 Total capital Banking house__________ accounts__$ 108,881.24 Cash and due from banks 234,999.44 Demand deposits________ Time deposits___________ U. S. Gov’t deposits_____ Public funds____________ Deposits of banks_______ Total dep___ $ 915,053.31 T o ta l__  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,023,934.55  Total,  50.000. 00 50.000. 00 5,500.22 3,381.02  407,031.93 154,798.74 13,537.50 288,890.16 50,794.98  $1,023,934.55  68  State of Arkansas: Bank Department  BANK OF LAKE VILLAGE, LAKE VILLAGE Population 2,484. Chicot County Chartered October 14, 1937. Telephone Number 46. Transit Number 81-598 Officers Directors W. T. Wynn______________ President Ben Angel J. B. Gillison W. C. Lovette J. B. Gillison_________Vice President D. W. Brooks E. T. Cashion__ Exec. Vice President E. T. Cashion W. T. Wynn James S. Suitt_____________ Cashier Anne Rossini__________Asst. Cashier STATEMENT OF JUNE 30, 1954 Liabilities Resources $ 50,000.00 Loans and discounts------- $1,429,395.99 Capital stock ________ 50,000.00 Overdrafts ____________ 655.43 Surplus fund 167,351.27 Undivided profits U. S. Gov’t obligations _ 348,056.25 18,198.08 Other bonds and securities 312,116.75 Reserves _ Furniture and fixtures__ 8,065.00 Total capital accounts_$ 285,549.35 Banking house__________ 6,000.00 Cash and due from banks 460,305.62 1,617,785.22 Other resources_________ 1,380.01 Demand deposits Time deposits _ _ _ _ 308,160.48 12,458.47 U. S. Gov’t deposits 341,250.86 Public funds_ Total dep___ $2,279,655.03 Other liabilities T o ta l__________________ $2,565,975.05  _ _  Total  770.67 $2,565,975.05  CITIZENS BANK OF LAVACA, LAVACA Population 373. Sebastian County Chartered May 5, 1910. Telephone Number 2341. Transit Number 81-378 Officers Directors W. D. West_______________ President W. J. Echols W. D. West J. M. Llewellyn____________ J. M. Llewellyn Vice Pres, and Cashier Mrs. J. M. Llewellyn_Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts____ ! 156,042.32 Capital stock___________ $ U. S. Gov’t obligations_ 152,437.60 Surplus fund____________ Other bonds and securities 8,803.07 Undivided profits_______ Furniture and fixtures_ 1,400.00 Reserves_______________ Banking house__________ 800.00 Total capital Cash and due from banks 193,263.20 accounts_$ 47,543.70 Demand deposits________ Time deposits___________ U. S. Gov’t deposits____ Public funds____________ Total dep___ $ 465,202.49 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$ 512,746.19  Total  15.000. 00 15.000. 00 17,531.70 12.00  358,423.27 22,333.68 2,708.02 81,737.52  $ 512,746.19  69  Fortieth Report  LEACHVILLE STATE BANK, LEACHVILLE Population 1,230.  Mississippi County  Chartered December 18, 1950. Telephone Number 82. Trahsit Number 81-769 Officers J. Lee Bearden_____________ President J. L. Swihart__________Vice President Robert Braden_______________ Cashier Fred F. Alexander______Asst. Cashier  J. Lee Bearden LeRoy Carter Nelson Henry  Directors J. L. Swihart Louis Weinberg  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 565,514.07 12.31 Overdrafts ____________ Other bonds and securities 2,502.90 Furniture and fixtu res_ 10,497.59 Banking house ________ 6,552.08 Other real e s a te _______ 3,900.00 Cash and due from banks 243,924.83  Total '_______________ $ 832,903.78  Liabilities Capital s t o c k __________$ Surplus f u n d __________ Undivided p r o fit s ______ Total capital 98,794.41 accounts_$  50,000.00 40,000.00 8,794.41  Demand deposits ______ Time deposits__________ Public funds __________ Total dep. __$ 734,109.37  478,352.49 127,422.88 128,334.00  Total  .$ 832,903.78  LITTLE RIVER BANK, LEPANTO Population 1,683.  Poinsett County  Chartered November 21, 1919. Telephone Number 108. Transit Number 81-622 Officers D. F. Portis______________ President B. H. Murphy_________Vice President A. T. Bell__________________ Cashier Will J. Riddick_______ Asst. Cashier Merle L. Dickerson____Asst. Cashier  Directors A. T. Bell B. H. Mur'phy E. P. Burton D. F. Portis W. H. Cross J. C. Portis Wayne Eason  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $1,209,691.92 U. S. Gov’t obligations_ 161,700.00 Other bonds; and securities 82,950.00 Furniture and fixtu res_ 1.00 Cash and due from banks 454,779.83  Liabilities Capital s t o c k __________ $ 50,000.00 Surplus f u n d __________ 200,000.00 49,434.44 Undivided p r o fit s ______ Reserves _______________ 6,795.96 Total capital accounts_$ 306,230.40 Demand deposits ______ 1,222,842.22 Time deposits__________ 154,469.21 U. S. Gov’t deposits___ 13,115.51 Public funds __________ 212,465.41 Total dep. _.$1,602,892.35  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,909,122.75  Total  $1,909,122.75  70  State of Arkansas: Bank Department  LESLIE STATE BANK, LESLIE Population 610. Chartered April 17, 1948.  Searcy County  Telephone Number 60.  Officers Rex Killebrew_____________ President Arthur J. Siegel_Vice Pres. & Cashier Helen McBride_________Asst. Cashier  Transit Number 81-761  Directors J. Virgil Blair Arthur J. Siegel Rex Killebrew Page H. Thomas Wm. J. Seeger  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 224,223.97 U. S. Gov’t obligations___ 179,755.07 Other bonds and securities 23,492.50 Furniture and fixtures_ 2,779.69 Cash and due from banks 156,566.52 Other resources _______ 61.75  Total  586,879.50  Liabilities Capital s t o c k __________$ Surplus f u n d __________ Undivided p r o fit s ______ Total capital accounts_$ 58,286.06  25,000.00 20,000.00 13,286.06  Demand deposits_______ Time deposits__________ U. S. Gov’t deposits___ Public funds __________ Total d e p ._$ 528,593.44  309,092.64 194,013.81 3,243.75 22,243.24  Total  586,879.50  PEOPLE’S BANK AND LOAN COMPANY, LEWISVILLE Population 1,237. Chartered August 25, 1911.  Lafayette County  Telephone Number 88.  Officers W. D. Stewart_____________ President J. C. Landes__________Ex. Vice Pres. & Cashier P. D. Burton, Jr______ Vice President  Transit Number 81-475  Directors P. D. Burton J. C. Landes P. D. Burton, Jr. W. D. Stewart J. A. Harrel  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ Overdrafts ____________ U. S. Gov’t obligations __ Other bonds and securities Furniture and fixtures_ Banking house ________ Cash and due from banks Other resources________  Total  641,745.49 157.86 657,870.16 224,050.21 6,623.14 17,000.00 376,308.55 3,395.84  ________________ $1,927,151.25   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Liabilities Capital s t o c k --------------- $ Surplus f u n d __________ Undivided p r o fit s ______ Total capital accounts_$ 124,948.09  50,000.00 55,000.00 19,948.09  Demand deposits ______ Time deposits__________ U. S. Gov’t deposits___ Public funds __________ Total d e p ._$1,802,203.16  934,410.01 665,967.60 56,763.21 145,062.34  Total  ________________ $1,927,151.25  71  Fortieth Report  BANK OF LINCOLN, LINCOLN Population 771. Chartered March 19, 1903.  Washington County  Telephone Number 4-1191.  Officers W. T. Shannon______ ____ President J. A. English__________ Vice President B. J. Basden________________ Cashier C. C. Karnes_________ -Asst. Cashier  B. J. Basden E. W. Baugh J. A. English H. A. Lewis  Transit Number 81-384 Directors R. H. Pitts S. H. Pitts W. T. Shannon  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 336,745.38 Overdrafts _ __ 1,774.95 U. S. Gov’t obligations — 316,540.00 Other bonds and securities 99,615.00 1.00 Furniture and fixtures_ Banking house 1.00 Cash and due from banks 334,480.00  $1,089,157.33  Total  Liabilities Capital stock _ $ Surplus fund _ _ _ Undivided profits Total capital accounts_$ 119,656.00 Demand deposits__ Time deposits U. S. Gov’t deposits___ Public funds Total dep._$ 969,501.33 Total  25,000.00 25,000.00 69,656.00  729,056.77 195,278.10 9,558.98 35,607.48  $1,089,157.33  METROPOLITAN TRUST COMPANY, LITTLE ROCK (Not engaged in commercial banking) Population 102,213.  Pulaski Cour.ty Telephone Number FRanklin 4-1744  Chartered June 5, 1925 Officers Justin Matthews, Jr_______ President Somers Matthews___ Vice President John P. Matthews________ Secretary Eva M. Hale_______ Asst. Secretary  Directors Lila B. Matthews Martha D. Matthews John P. Matthews Justin Matthews, Jr. Somers Matthews  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ i Other bonds and securities Furniture and fixtu res_ Other real e s ta te ______ Cash and due from banks Other resources__ _____  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  91,875.15 43,779.29 683.21 28,238.59 32,207.53 333,524.67  $ 530,308.44  Liabilities Capital s t o c k __________ ! Surplus f u n d __________ Undivided profits_______ Reserves ______________ Total capital accounts_$ 471,227.95  250,000.00 25,000.00 192,778.56 3,449.39  Bills p aya b le__________ Other liabilities________  58,210.65 869.84  Total  $ 530,308.44  72  State of Arkansas: Bank Department  WORTHEN BANK and TRUST COMPANY, LITTLE ROCK Population 102,213. Chartered August 4, 1902.  Pulaski County  Telephone Number FRanklin 4-4392. Transit Number 81-7  Officers James H. Penick_________ President L. E. Dishongh_Vice Pres. & Cashier John G. Potts________Vice President James Keith__________ Vice President G. A. Zimmerman____ Vice President Gardner Lile__________ Vice President Booker Worthen_____ Vice President R. B. Elwood__________ Vice President D. M. Murphy__ Asst. Vice President Melvin Lawson_Asst. Vice President M. S. Heim_____Asst. Vice President R. M. McCown__ Asst. Vice President M. L. Hogan__________ Asst. Cashier Louis East_____________Asst. Cashier W. G. Cobb____________ Asst. Cashier E. O. Manees__________ Asst. Cashier G. L. Alexander______Asst. Cashier Edward M. Penick____ Asst. Cashier Emmett L. Darr____________Auditor  Directors William C. Allsopp W. Robert Crow L. E. Dishongh Alfred Leymer Frank Lyon Edward M. Penick James H. Penick John G. Potts Frank M. Silverman Theo. C. Treadway Booker Worthen  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts_$18,222,098.92 Overdrafts ___________ 237.83 U. S. Gov’t obligations _ 21,017,463.06 Other bonds & securities 4,890,069.48 Furniture and fixtures, 80,000.00 200,000.00 Banking h ou se________ Cash and due from banks 18,813,686.43 Other resources________ 194,897.33  Liabilities Capital stock____ _____$ 1,000,000.00 Surplus fund _________ 1,000,000.00 Undivided p r o fit s _____ 1,113 544.62 Reserves _____________ 190,042.83 Total capital accounts_$ 3,303,587.45 Demand deposits______ 28,209,730.02 Time deposits_________ 11,800,578.97 U. S. Gov’t deposits__ 919,538.26 Public fu n d s __________ 8,935,650.04 Deposits of ban ks_____ 10,240,488.13 Total dep. $60,105,985.42 Other liabilities ______  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $63,418,453.05  Total  8,880.18  $63,418,453.05  73  Fortieth Report  BANK OF LOCKES BURG, LOCKESBURG Population 714. Chartered October 14, 1902.  Sevier County  Telephone Number 78.  Transit Number 81-385  Officers M. L. Norwood__ 7________ President Hugh Latimer------------ Vice President R. C. Norwood______________ Cashier Mrs. R. C. Norwood___ Asst. Cashier  Directors Mary F. Hampson M. L. Norwood Hugh Latimer R. C. Norwood  STATEMENT OF Resources Loans and discuonts___ ! 122,232.80 U. S. Gov’t obligations_ 206,950.00 Other bonds and securities 46,362.33 1.00 Furniture and fixtures_ 1, 100.00 Banking house ________ Cash and due from banks 133,596.61  JUNE 30, 1954 Liabilities Capital s t o c k __________$ Surplus fund __________ Undivided p r o fits ______ Total capital accounts_$ 60,681.33 Demand deposits________ Time deposits___________ U. S. Gov’t deposits___ Public funds __________ Total dep._$ 449,561.41  510,242.74  Total  Total  25,000.00 25,000.00 10,681.33  364,131.68 41,941.64 1,290.75 42,197.34  $ 510,242.74  FIRST STATE BANK, LONOKE Population 1,556. Chartered March 9, 1935.  Lonoke Cour.ty  Telephone No. ORange 6-6357.  Officers J. J. Fletcher_____________ President W. H. Bransford______Vice President Arthur Herring_____________ Cashier E. L. White____________ Asst. Cashier  Transit No. 81-200  Directors J. O. Bennett W. W. McCrary, Jr W. H. Bransford C. A. Miller J. J. Fletcher Guy E. Williams M. E. Lyons  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ U. S. Gov’t obligations__ Other bonds and securities Furniture and fixtu res_ Banking house“ ___ .___ Cash and due from banks Other resources________  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  958,359.04 562,168.75 212,460.72 11,217.72 1.00 310,056.13 2,172.93  $2,056,436.29  Liabilities Capital s t o c k __________ $ 25,000.00 Surplus fund____________ 60,000.00 Undivided p r o fit s ______ 93,111.96 Total capital accounts_$ 178,111.96 ------------------Demand deposits ______ 1,419,432.26 Time deposits__________ 32,640.61 U. S. Gov’t deposits___ 11,899.76 Public funds __________ 389,351.70 Deposits of ban k s_____ 25,000.00 Total dep. __$1,878,324.33 Total  $2,056,436.29  74  State of Arkansas: Bank Department  FARMERS BANK AND TRUST COMPANY, MAGNOLIA Population 6,918. Columbia County Chartered September 26, 1906. Telephone Number 1. Transit Number 81-163 Officers Directors R. S. Warnock, Jr------------- President R. S. Foster H. A. Reid W. L. Jameson, J r .___ Vice President W. E. Fullenwider J. A. W. Souter R. S. Foster___________Vice President W. L. Jameson, Jr.W. K. Twitty W. N. Paschal________ Vice President W. N. Paschal R. S. Warnock, Jr. W. K. Twitty_______________ Cashier Mrs. T. H. Reeves V. B. Wood H. A. Reid____________ Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $ 362,829.37 Capital s t o c k __________ $ 50,000.00 U. S. Gov’t obligations_ 6,120,059.04 Surplus f u n d __________ 200,000.00 Other bonds and securities 407,557,50 Undivided p r o fit s ______ 268,503.75 Furniture and fixtures_ 25,588.00 Total capital Banking h ou se _________ 39,393.00 accounts_$ 518,503.75 Other real e s ta t e _____ 42.00 Cash and due from banks 1,122,067.03 Demand deposits ______ 5,758,651.15 Other resources________ 4.00 Time deposits__________ 1,553,572.00 U. S. Gov’t deposits___ 39,343.05 207,469.99 Public Funds___________ Total d e p ._$7,559,036.19 Total _______________ $8,077,539.94  Total _______________ $8,077,539.94  BANK OF MALVERN, MALVERN Population 8,072. Hot Spring County Chartered June 24, 1889. Telephone Number 66. Transit Number 81-131 Directors Officers Robert Smith, Jr__________ President Mrs. Flora B. Adams Robert Smith, Jr. J. Elmo Young________Vice President Ray Boyle J. Elmo Young R. R. Chamberlain___ Vice President R. R. Chamberlain Tom Ross Young Jester Jones________________ Cashier Charles S. Smith Miss Hester H. Smith-_Asst. Cashier Foy G. Ritchey________ Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $ 804,478.34 Capital s t o c k __________ $ 100,000.00 Overdiafts ____________ 1,045.47 Surplus fund __________ 100, 000.00 U. S. Gov’t obligations_ 2,261,225.78 Undivided p r o fit s ______ 83,043.98 Other bonds and securities 239,408.55 Reserves ______________ 23,206.31 Furniture and fixtures __ 10,450.67 Total capital Banking h o u se _________ 1,975.00 accounts._$ 306,250.29 Cash and due from banks 916,353.19 Other resources________ 9,910.00 Demand deposits ______ 3,320,797.97 Time deposits__________ 100,324.68 U. S. Gov’t deposits___ 95,624.70 Public funds __________ 404,031.47 Deposits of ban k s______ 17,817.89 Total d e p ._$3,938,596.71 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $4,244,847.00  Total  $4,244,847.00  75  Fortieth Report  PEOPLES BANK, MAMMOTH SPRING Population 870. Chartered February 8, 1921.  Fulton County  Telephone Number 44.  Officers J. F. Martin_______________ President Cloy H. Culver Vice Pres. & Cashier Lem W. Lewis_________Asst. Cashier  Transit Number 81-645  Directors Auda M. Culver W. L. Miller Cloy H. Culver M. H. Powell J. F. Martin  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 116,613.02 141.19 Overdrafts __ U. S. Gov’t obligations_ 480,000.00 941.00 Furniture and fixtures_ Banking house 1.00 Cash and due from banks 181,013.87  Liabilities Capital stock _ $ Surplus fund ____ Undivided profits Total capital accounts_$ 71,254.67  666,400.21 17,800.00 2,642.22 20,612.98  Demand deposits _Time deposits U. S. Gov’t deposits___ Public funds _ Total dep. 707,455.41 Total  _  $ 778,710.08  Total __  25,000.00 10,000.00 36,254.67  $ 778,710.08  MERCHANTS AND PLANTERS BANK, MANILA Population 1,729. Chaitered March 16, 1948.  Mississippi County  Telephone Number 30.  Officers E. C. Fleeman_____________ President H. D. Alston__________Vice President Wm. G. Fox____ :___________Cashier Peggy Gammill________Asst. Cashier  Transit Number 81-710  Directors H. D. Alston Wm. G. Fox Wm. Borowsky H. B. Perkins E. C. Fleeman L. E. Townsend Fred Fleeman  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 537,363.23 Overdrafts 120.81 U. S. Gov’t obligations_ 19,955.20 39,000.00 Other bonds and securities 11,600.80 Furniture and fixtures_ 7,530.49 Banking house Cash and due from banks 276,025.51  Total  ____  - -   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $ 891,596.04  Liabilities Capital stock $ Surplus fund Undivided profits Total capital accounts_$ 142,904.51 Demand deposits Time deposits U. S. Gov’t deposits___ Public funds _ Total dep. _$ 748,691.53 Total  _____  _  75,000.00 35,000.00 32,904.51  519,727.75 87,390.54 1,185.23 140,388.01  $ 891,596.04  76  State of Arkansas: Bank Department  BANK OF MANSFIELD, MANSFIELD Population 869. Sebastian County Chartered February 16, 1939. Telephone Number 7. Transit Number 81-249 Officers Directors G. R. Holbrook___________ President Gilmer K. Dixon W. W. Holbrook Gilmer K. Dixon_____ Vice President B. R. Holbrook S. M. Taylor W. W. Holbrook--------------------Cashier G. R. Holbrook G. G. Woods B. R. Holbrook________Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts____ $ 280,441.70 Capital stock___________ $ 30,000.00 765.11 Surplus fund___________ Overdrafts__ ____ 45,000.00 U. S. Gov’t obligations_ 700,225.50 Undivided profits_______ 25,983.88 Other bonds and securities 149,241.60 Reserves_______________ 53,953.05 Furniture and fixtures_ 5,000.00 Total capital Banking house__________ 4,000.00 accounts-_$ 154,936.93 Cash and due from banks 359,334.38 Demand deposits________ 906,799'.04 316,762.82 Time deposits___________ U. S. Gov’t deposits____ 22,170.21 98,339.29 Public funds____________ Total dep___ $1,344,071.36 Total  $1,499,008.29  Total  $1,499,008.29  FARMERS AND MERCHANTS BANK, MARIANNA Population 4,530. Lee County Chartered January 9, 1942. Telephone Number 585. Transit Number 81-744 Officers Directors H. L. P e t ty _______________ President E. D. Conner W. V. Moye Thos. H. Gist W. V. Moye__________Vice President Ike Panich W. R. Jones___ Vice Pres. & Cashier A. C. Mahan, Jr. H. L. Petty Mrs. Nelle R. Stallings.Asst. Cashier Glenn U. Miller Henry B. White John F. Miller Harvey W. Wilson Mrs. Margaret D. Harris Asst. Cashier W. P. Mixon STATEMENT OF JUNE 30, 1954 Resources Liabilities 50.000. 00 Loans and discounts____ $1,161,903.81 Capital stock___________ ! 75.000.00 31.79 Surplus fund___________ Overdrafts ____________ 9,927.81 Undivided profits_______ 75,753.49 U. S. Gov’t obligations_ 18,750.00 Reserves _______________ Other bonds and securities 22,303.89 17,005.70 Total capital Furniture and fixtures— accounts_$ 223,057.38 Cash and due from banks 533,112.06 8,526.25 Other resources_________ Demand deposits________ 1,372,525.01 Time deposits___________ 31,000.00 U. S. Gov’t deposits_____ 10,781.85 Public funds____________ 111,893.18 Total dep___ $1,526,200.04 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,749,257.42  Total  $1,749,257.42  77  Fortieth Report  CITIZENS BANK, MARION Population 883. Chartered March 15, 1938.  Crittenden County  Telephone Number 1.  Officers J. F. Fogleman____________ President A. J. Lumpkin_Vice Pres. & Cashier Mrs. Mary L. Hoskins_Asst. Cashier  Transit Number 81-742  Directors Perry Barton Allen B. Helms Wilson P. Barton A. J. Lumpkin J. F. Fogleman J. C. Mann  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts____ $ Overdrafts_____________ U. S. Gov’t obligations_ Other bonds and securities Furniture and fixtures_ Banking house__________ Cash and due from banks  Total  505,541.71 18.67 853.585.16 176,572.47 1.00 1.00 424.513.17  $1,960,233.18  Liabilities Capital stock___________ $ 40,000.00 Surplus fund___________ 40,000.00 Undivided profits________ 103,954.60 Total capital accounts_$ 183,954.60  ----------------  Demand deposits_________ 1,261,411.13 Time deposits___________ 149,746.70 U. S. Gov’t deposits____ 14,686.25 Public funds____________ 350,434.50 Total dep.___$l,776,278.58 T ota l__________________ $1,960,233.18  MARKED TREE BANK, MARKED TREE Population 2,878. Chartered March 3, 1932.  Poinsett County  Telephone Number 60.  Transit Number 81-705  Officers Directors John Brunner---------------------President John Brunner Mrs. H. R. Ritter John Brunner, Jr-----Exec. Vice Pres. John Brunner, Jr. L. V. Ritter Louis H. Goad_______________ Cashier Frank Brunner L. V. Ritter, Jr. Helen Stewart________Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ ! Overdrafts ____________ U. S. Gov’t obligations _ Other bonds and securities Furniture and fixtu res_ Cash and due from banks  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  912,759.66 177.99 740,500.00 14,000.00 12,617.95 416,401.06  $2,096,456.66  Liabilities Capital s t o c k __________ $ Surplus fund __________ Undivided p r o fit s ______ Total capital accounts_$ 214,103.76  50.000. 00 75.000.00 89,103.76  Demand deposits ______ 1,483,418.09 Time deposits__________ 132,080.59 U. C. Gov’t deposits___ 18,719.28 Public funds __________ 248,134.94 Total d e p ._$1,882,352.90 Total  $2,096,456.66  78  State of Arkansas: Bank Department  THE CITIZENS BANK, MARSHALL Population 1,189.  Searcy County  Chartered February 26, 1940. Telephone Number 27. Transit Number 81-715 Officers Mrs. Mary Massey________President Leo Watts__________________ Cashier Mrs. Jimmie Lee Falls_Asst. Cashier  M. F. Cash Dewey Massey Mary Massey  Directors Ancil Mays Leo Watts  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ Overdrafts ____________ U. S. Gov’t o b lig a to rs _ Other bonds and securities Furniture and fixtures_ Banking house ________ Other real e s ta te _____ Cash and due from banks  339,191.51 3.89 282,000.00 174,049.04 3,574.97 10,540.14 4,718.84 580,245.71  Total _______________ $1,394,324.10  Liabilities Capital s t o c k _ _$ Surplus fund Undivided profits _ Total capital accounts_$ 84,008.40 Demand deposits _ _ _ Time deposits __ U. S. Gov’t deposits___ Public f u n d s ___ Total dep. __$1,310,315.70  25,000.00 35.000.00 24,008.40  632,459.20 548,947.92 7,933.97 120,974.61  $1,394,324.10  Total  BANK OF MARVELL, MARVELL Population 1,121.  Phillips County  Chaitered January 8, 1903. Telephone Number 2564. Officers Weldon Jackson___________President H. B. Willis______________ Exec. Vice President and Cashier Edmund Hirsch______ Vice President F. H. Webster. _____ Vice President Evelyn S. Cooke_____ Asst. Cashier  Transit Number 81-393  Directors Saul Davidson Rachel Swift K. J. Graves F. H. Webster Edmund Hirsch H. B. Willis Weldon Jackson  STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $ 793,808.82 Capital stock - - $ 50,000.00 Overdrafts ____________ 32.78 Surplus fund 40,000.00 U. S. Gov’t obligations_ 141,700.00 Undivided profits 27,859.69 Other bonds and securities 28,500.00 Reserves 40,000.00 _ __ 1, 000.00 Total capital Furniture and fixtures_ 2 , 000.00 Banking house ________ accounts_$ 157,859.69 Cash and due from banks 180,023.38 Demand deposits _ _ 923,407.89 7,000.00 Time deposits _ 58,797.40 Public funds Total d e p ._$ 989,205.29 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,147,064.98  Total  $1,147,064.98  79  Fortieth Report  BANK OF McCRORY, McCRORY Population 1,115. Woodruff County Chartered June 8, 1903. Telephone Number 3221. Transit Number 81-261 Officers Directors I. N. Arnof______________ President I. N. Arnof Vance M. Thompson__ Vice President John D. Eldridge, Jr. John D. Eldridge, Jr.__Vice President Vance M. Thompson Otto Miller_____ Exec. Vice President Curtis A. Houston___ Cashier & Sec. Mrs. Ruth F. Hale______Asst. Cashier James W. Taylor____ Asst. Cashier Mrs. Imogene C. Beeson Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $1,319,394.55 Capital stock $ 50,000.00 Overdrafts _ 3,321.39 Surplus fund _ 50,000.00 U. S. Gov’t obligations_ 155,300.00 Undivided profits 63,699.95 Other bonds and securities 452,721.39 Reserves 8,503.18 Furnituie and fixtures_ 6,785.00 Total capital 1.00 accounts_$ 172,203.13 Banking house Other real estate 1.00 Cash and due from banks 427,381.95 Demand deposits 1,768,809.38 Other resources _ _ _ 194.23 Time deposits 290,320.00 236,683.33 U. S. Gov’t deposits___ Public funds 110,084.67 Total d e p ._$2,192,897.38 Total  $2,365,100.51  Total  $2,365,100.51  McGEHEE BANK, McGEHEE Population 3,854. Desha County Chartered December 5, 1933. Telephone Number 31. Transit Number 81-585 Officers Directors R. G. Verser_____ Chairman of Board R. L. Beck W. R. Stephens Sam Bowman______________ President Sam Bowman R. B. Stone J. T. Clower R. G. Verser J. W. Willoughby, Jr._Vice President J. W. Willoughby, Jr. J. R. Rich_________________ .Cashier D. C. Loyd W. A. Smith Mark E. Sherland, Jr. Asst. Vice Pres. J. B. Morgan__________Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Capital stock___________ $ 200,000.00 Loans and discounts____ $1,877,409.29 Overdrafts_____________ 1,849.24 Surplus fund____________ 200,000.00 U. S. Gov’t obligations. _ 1,118,973.88 Undivided profits_______ 39,776.40 Other bonds and securities 1,016,390.12 Reserves_______________ 19,955.92 Furniture and fixtures._ 13,020.30 Total capital accounts_$ 459,732.32 Cash and due from banks 743,955.69 Other resources_________ 3,828.91 Demand deposits________ 2,458,955.14 Time deposits___________ 1,157,919.69 U. S. Gov’t deposits_____ 138,654.03 Public funds____________ 550,095.28 Total dep.___$4,305,624.14 Other liabilities________ Total ^ _________________ $4,775,427.43  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Total  10,070.97  _____________$4,775,427.43  80  State of Arkansas: Bank Department  THE BANK OF MELBOURNE, MELBOURNE Population 568. Chartered July 29, 1896.  Izard County  Telephone Number 17.  Officers J. C. Miller_______________President Tom Simpson_________Vice President A. J. Younger______________ Cashier Ernestine Marlin_____ Asst. Cashier Opal Troxler_________ Asst. Cashier  Transit Number 81-397  J. C. Miller Tom Simpson  Directors A. J. Younger  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts____ J 199,414.86 38.76 Overdrafts_____________ U. S. Gov’t obligations_ 396,000.00 35,909.80 Other bonds and securities 1.00 Furniture and fixtures__ Banking house__________ 1.00 Cash and due from banks 147,834.26  Liabilities Capital stock___________ ! Surplus fund___________ Undivided profits_______ Total capital accounts_$ 72,589.32 Demand deposits________ U. S. Gov’t deposits------Public funds____________ Total dep___ $ 706,610.36  589,743.34 5,492.42 111,374.60  Total  Total  779,199.68  779,199.68  ----------------  25.000. 00 25.000.00 22,589.32  THE UNION BANK OF MENA, MENA Population 4,445. Chartered July 25, 1934.  Polk County  Telephone Number 85.  Officers W. J. Lauck--------------------- President Bill Lauck Wood______Vice President W. L. Boyd_Ex. Vice Pres. & Cashier Mrs. Ramona Hensley_Asst. Cashier  W. L. Boyd W. J. Lauck  Transit Number 81-98 Directors Bill Lauck Wood  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts____ $ U. S. Gov’t obligations__ Other bonds and securities Furniture and fixtures_ Banking house__ _______ Cash and due from banks  702,565.57 809.453.13 502,377.78 11.294.89 10.433.90 550.364.13  Liabilities Capital stock___________ $ Surplus fund____________ Undivided profits_______ Total capital accounts_$ , 206,546.46  75,000.00 50,000.00 81,546.46  Demand deposits________ 2,070,196.94 Time deposits___________ 107,326.60 U. S. Gov’t deposits_____ 34,564.99 Public funds____________ 167,854.41 Total dep___ $2,379,942.94 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $2,586,489.40  Total  $2,586,489.40  Fortieth Report  81  MONETTE STATE BANK, MONETTE Population 1,114. Craighead County Chartered December 29, 1936. Telephone Number 50. Transit Number 81-724 Officers Directors R. E. Jacobs____ President & Cashier Jerry Cohen B. Frank Williams B. Frank Williams_____Vice President R. E. Jacobs F. H. Heise____________Asst. Cashier Thurman Miller.Mgr. Caraway Office STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts____ $1,055,253.70 Capital stock___________ $ 50,000.00 50,000.00 Overdrafts_____________ 545.18 Surplus fund___________ 81,529.51 U. S. Gov’t obligations __ 41,000.00 Undivided profits_______ Furniture and fixtures-_ 8,380.78 Total capital 11,416.45 accounts_$ 181,529.51 Other real estate_______ Cash and due from banks 995,514.11 Other resources_________ 3,702.62 Demand deposits________ 1,594,751.91 Time deposits__________ 148,938.64 U. S. Gov’t deposits_____ 2,046.68 Public funds____________ 110,750.01 Deposits of banks_______ 77.796.09 Total dep___ $1,934,283.33 T ota l__________________ $2,115,812.84  T ota l__________________ $2,115,812.84  COMMERCIAL LOAN AND TRUST COMPANY, MONTICELLO Population 4,501. Drew County Chartered November 29, 1912. Telephone Number 228. Transit Number 81-534 Officers Directors J. D. McCloy______________ President J. A. Baxter John B. Posey M. L. Sigman________Vice President J. F. Brann James A. Ross Joe McCloy_____ Exec. Vice President E. R. Lambert Joe Shelton Mrs. Mabel C. Sherry________ Cashier Joe McClov M. L. Sigman & Trust Offit er J. D. M.Cloy Virgil J. Trotter, Jr. Mrs. Velma Allen______Asst. Cashier Mrs. Hazel Dickinson___Asst. Cashier STATEMENT OF JUNE 30. 1954 Resources Liabilities Capital s t o c k __________ $ 60,000.00 Loans and discounts___ $ 650,346.03 60,000.00 Overdrafts ____________ 219.33 Surplus fund __________ U. S. Gov’t obligations_ 545,200.00 Undivided p r o fit s ______ 56,599.13 50,000.00 Other bonds and securities 305,350.20 Reserves ______________ Furniture and fixtu res_ 1,646.84 Total capital accounts_$ 226,599.13 Banking house ________ 5,500.00 Other real e s ta te ______ 1.00 Cash and due from banks 360,545.60 Demand deposits ______ 1,348,073.89 66,825.92 Other resources-----------197.01 Time deposits__________ U. S. Gov’t deposits___ 15,889.42 Public funds __________ 211,617.65 Total d e p ._$1,642,416.88 Total  ________________ $1,869,006.01   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Total  ________________ $1,869,006.01  82  State of Arkansas: Bank Department  UNION BANK AND TRUST COMPANY, MONTICELLO Population 4,501.  Drew County  Chartered September 15, 1915. Telephone Number 31. Transit Number 81-156 Officers V. J. Trotter______________ President Adrian Williamson___Vice President Charles W. Daniel___ Vice President & Cashier Virginia Pierce_____Asst. Vice Pres. F. L. Lance___________Asst. Cashier Mrs. Aileen Coston____ Asst. Cashier Jimmie L. Taylor_____ Asst. Cashier  Directors J. P. Price R. A. Adcock R. F. Trotter Brown Calhoun Geo. R. Campster V. J. Trotter Chas. W. Daniel Adrian Williamson Zach McClendon M. F. Wright  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $1,382,270.22 Overdrafts ____________ 354.56 U. S. Gov’t obligations_ 422,900.00 Other bonds and securities 1,463,656.29 Furniture and fixtures_ 1.00 Banking house ________ 25,000.00 Cash and due from banks 643,621.71 Other resources________ 755.60  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $3,938,559.38  Liabilities Capital s t o c k __________1 Surplus f u n d __________ Undivided p r o fit s ______ Reserves ______________ Total capital accounts_$ 537,148.23  100,000.00 100,000.00  132,491.64 204,656.59  Demand deposits ______ 2,700,372.79 Time deposits__________ 241,853.39 U. S. Gov’t deposits___ 54,889.86 Public funds __________ 397,784.02 Deposits of b an k s______ 6,511.09 Total dep. __$3,401,411.15 Total  $3,938,559.38  Fortieth Report  83  THE FIRST STATE BANK, MORRILTQN Population 5,483. Conway County Chartered November 26, 1930. Telephone Number 10. Transit Number 81-144 Officers Directors R. H. Dickenhorst_________ President R. H. Dickenhorst L. T. Oates S. E. McReynolds_Exec. Vice Pres. W. E. Love A. F. Williams L. T. Oates___________Vice President S. R. McKinley C. E. Linebarger-------------------Cashier S. E. McReynolds H. J. Kordsmeier_____ Asst. Cashier S. W. Callihan________Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $1,333,619.28 Capital s t o c k __________$ 100,000.00 Overdrafts ____________ 68.76 Surplus fund __________ 100,000.00 U. S. Gov’t obligations_ 2,600,373.76 Undivided p r o fit s _____ 200,227.98 Other bonds and securities 428,142.05 Reserves ______________ 33,828.90 Banking house ________ 30,000.00 Total capital accounts_$ 434,056.88 Other real e s ta te ______ 1.00 Cash and due from banks 874,593.60 Demand deposits _____ 4,175,835.09 Time deposits__________ ' 412,662.65 U. S. Gov’t deposits___ 50,398.47 193,845.36 Public fu n d s ___________ Total dep. __$4,832,741.57 Total _______________ $5,266,798.45  Total _______________ $5,266,798.45  THE BANK OF MONTGOMERY COUNTY, MOUNT IDA Population 566. Montgomery County Chartered November 26, 1930. Telephone Number 149. Transit Number 81-404 Officers Directors J. A. Rice________________ President J. A. Rice Arthur Standridge Arthur Standridge___ Vice President Sam G. Smith H. D. Williams H. D. Williams______________ Cashier Juanita Standridge___ Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts----- $ 345,871.37 Capital s t o c k __________$ 25,000.00 44.82 Surplus fund __________ 35,000.00 Overdrafts ____________ U. S. Gov’t obligations_ 324,700.00 Undivided p r o fit s ______ 24,410.40 Other bonds and securities 18,154:89 Reserves ______________ 7,924.91 7,378.35 Total capital Furniture and fixtu res_ 1.00 accounts_$ 92,335.31 Banking house ________ 1.00 Other real e s ta te ______ Cash and due from banks 259,496.61 Demand deposits ______ 543,069.29 Time deposits _________ 165,495.05 U. S. Gov’t deposits___ 14,596.05 Public funds __________ 140,152.34 Total d e p ._$ 863,312.73 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$ 955,648.04  Total  .$ 955,648.04  84  State of Arkansas: Bank Department  THE PEOPLES BANK, MOUNTAIN HOME Population 2,217. Chartered August 10, 1906.  Baxter County  Telephone Number 6.  Officers Powers L. Fowler________ President Don J. Baker_________Vice President Neil Nelson________________ Cashier  Transit Number 81-402 Directors Powers L. Fowler J. Paul Morgan Neil Nelson  Don J. Baker Earl Bryant Wylo Dyer  STATEMENT OF JUNE 30, 1954 Resources  Loans and discounts____ $ 903,421.32 Overdrafts ____________ 397.96 U. S. Gov’t obligations-_ 1,208,101.98 Other bonds and securities 261,300.05 Furniture and fixtures-_ 9,000.00 Banking house__________ 8,000.00 Cash and due from banks 631,082.64  T o ta l______„ ___________ $3,021,303.95  Liabilities Capital stock__________ $ Surplus fund___________ Undivided profits_______ Reserves ______________ Total capital accounts_$ 236,442.21  50,000.00 75,000.00 96,276.75 15,165.46  Demand deposits________ 2,596,975.39 U. S. Gov’t deposits______ 900.00 Public funds____________ 186,986.35 Total dep.___$2,784,861.74 T o ta l__________________ $3,021,303.95  BANK OF MOUNTAIN VIEW, MOUNTAIN VIEW Population 1,043. Chartered July 21, 1915.  Stone County  Telephone Number 2271.  Officers Hubert Hinkle_____________ President H. S. Mabry, Jr__________ Vice Pres. and Cashier Reva Killian_________ Asst. Cashier Marie Goodman_______Asst. Cashier  Transit Number 81-403  Glen Hinkle Hubert Hinkle  Directors H. S. Mabry, Jr. G. R. Sansom  STATEMENT OF JUNE 30, 1954 Resources  Loans and discounts____ $ 255,366.11 U. S. Gov’t obligations__ 358,100.00 Other bonds and securities 95,000.00 Furniture and fixtures __ 1,094.76 Banking house__________ 1,000.00 Cash and due from banks 143,023.59  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$ 853,584.46  Liabilities  Capital stock___________ : Surplus fund___________ Und’vided profits_______ Total capital accounts—$ 107,585.79 ------------------Demand deposits________ Public funds____________ Total dep___ $ 745,998.67 Total  25.000. 00 40.000. 00 42,585.79  659,518.99 86,479.68  $ 853,584.46  85  Fortieth Report  BANK OF MULBERRY, MULBERRY Population 952. Chartered January 15, 1902.  Crawford County  Telephone Number 40.  Officers S. B. Stevinson___________President T. J. House___ Vice Pres. & Cashier Mrs. T. J. House______Asst. Cashier C. D. Chastain________Asst. Cashier  C. R. Counts B. J. Farmer T. J. House  Transit Number 81-257 Directors Dr. O. J. Kirksey S. B. Stevinson  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts------- ! Overdrafts_____________ U. S. Gov’t obligations. _ Other bonds and securities Furniture and fixtures_ Banking house__________ Cash and due from banks Other resources_________  412,184.62 1,066.52 298,600.00 86,145.94 1.00  Liabilities Capital stock___________ I Surplus fund___________ Undivided profits_______ Total capital accounts_$ 128,348.44  1.00  310,971.87 3,117.26  891,562.78 309.09 13,051.02 74,936.45  Demand deposits________ Time deposits__________ U. S. Gov’t deposits____ Public funds____________ Total dep___ $ 979,859.34 Other liabilities.  $1,112,088.21  Total  Total  25.000. 00 25.000.00 78,348.44  3,880.43 $1,112,088.21  PIKE COUNTY BANK, MURFREESBORO Population 1,079. Chartered December 19, 1904.  Pike County  Telephone Number 5.  Officers John Beavers_____________ President Clarence Anthony___ Vice President Charles Darnall_____________ Cashier Cleo Risner____________ Asst. Cashier  Transit Number 81-405  Directors T. F. Alford Glenn Hickey Clarence Anthony Mabel B. Manville John Beavers Carle Robbins Charles W. Darnall  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ U. S. Gov’t obligations_ Other bonds and securities Furniture and fixtures_ Banking house__________ Cash and due from banks Other resources_________  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  463,449.41 700,471.07 201,549.55 9,175.00 5,000.00 582,730.90 1.00  $1,962,376.93  Liabilities Capital stock___________$ Surplus fund___________ Undivided profits_______ Total capital accounts_$ 131,278.36  37,500.00 37,500.00 56,278.36  Demand deposits_______ 1,066,754.04 Time deposits___________ 297,207.64 Public funds____________ 467,136.89 Total dep___ $1,831,098.57 Total  $1,962,376.93  State of Arkansas: Bank Department  86  BANK OF NETTLETON, NETTLETON Population 1,382.  Craighead County  Chartered February 13, 1904. Telephone No. WEbster 2-2131. Transit No. 81-406 L. D. Fred E. E. R. E.  Officers Kiech_______________ President Shauver________Vice President Hale__________________ Cashier Thomas__________ Asst. Cashier  Directors E. E. Hale Veon C. Kiech L. D. Kiech Fred Shauver Maurice C. Kiech  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $1,173,143.17 Overdrafts ____________ 50.95 U. S. Gov’t obligations_ 311,000.00 Other bonds and securities 94,911.00 Furniture and fixtures_ 1.00 3,340.00 Banking house ________ Cash and due from banks 280,349.67  $1,862,795.79  Total  Liabilities Capital s t o c k __________$ 80,000.00 Surplus f u n d __________ 110,000.00 Undivided p r o f it s ______ 41,107.86 Total capital accounts_$ 231,107.86 Demand deposits ______ 1,495,085.92 U. S. Gov’t deposits___ 234.29 Public funds __________ 112,461.56 Deposits of b a n k s _________________ 23,906.16 Total dep. _ .$1,631,687.93 $1,862,795.79  Total  BANK OF NEWARK, NEWARK Population 913. Chartered October 10, 1944.  Independence County  Telephone Number 16.  Officers W. J. Freeze_____________ President O. L. Bone__________ Vice President Stella Edwards______ Vice President J. L. Magness_______________ Cashier C. P. Edwards________Asst. Cashier  Transit Number 81-748  Directors O. L. Bone W. J. Freeze C. P. Edwards J. L. Magness Stella Edwards Ed V. Wilson  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 191,761.56 U. S. Gov’t obligations 342,000.00 Furniture and fixtures 1,000.00 Cash and due from banks 253,418.00  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$ 788,179.56  Liabilities Capital s t o c k __________ $ Surplus fund __________ Undivided p r o fits ______ Total capital accounts_$ 66,506.28  25,000.00 22,500.00 19,006.28  Demand deposits ______ U. S. Gov’t deposits___ Public funds __________ Total dep. __$ 721,673.28  614,895.20 3,075.00 103,703.08  Total  $ 788,179.56  Fortieth Report  87  BANK OF NEW EDINBURG, NEW EDINBURG Population 500. Cleveland County Chai’tered August 22, 1904. Telephone Number 879J2. Transit Number 81-408 Officers Directors E. T. Attwood------------------ President E. T. Attwood W. K. Parham Ray Attwood----- Vice Pres. & Cashier Ray Attwood Geneva Attwood________Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $ 130,083.30 Capital s t o c k ______ _$ 25,000.00 U. S. Gov’t obligations_ 154,000.00 Surplus fund 10,000.00 Other bonds and securities 16,500.00 Undivided profits 5,223.72 1.00 Total capital Furniture and fixtures_ accounts_$ 40,223.72 1.00 Banking h o u s e _ Cash and due from banks 52,290.51 240,303.77 Demand deposits 25,429.67 Time deposits - _ U. S. Gov’t deposits___ 7,681.25 39,029.20 Public funds . . . __ Total d e p ._$ 312,443.89 Other liabilities Total  _  $ 352,875.81  Total  _  208.20 $ 352,875.81  MERCHANTS AND PLANTERS BANK, NEWPORT Population 6,254. Jackson County Chartered March 20, 1946. Telephone Number 225. Transit Number 81-756 Officers Directors P. L. Copeland____________ President R. C. BiggadikeW. A. McCartney W. A. McCartney------- Vice President D. H. Burton Ralph McDonald L. H. Conditt--------- Exec. Vice Pres. P. L. Copeland Leonidas Mack A. G. Johnson Vice Pres. & Cashier R. G. Holden Fred M. Pickens, Jr. Ellen Giles____________ Asst. Cashier Paul K. Holmes, Jr. Ada Marie Mink________Asst. Cashier Nora Lee Wilson______Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $1,514,645.93 Capital s t o c k __________ $ 75,000.00 U. S. Gov’t obligations_ 308,000.00 Surplus f u n d __________ 100,000.00 Other bonds and securities 216,621.28 Undivided p r o fit s ______ 53,755.33 Furniture and fixtu res_ 14,965.04 Reserves _______________ 20,338.97 Cash and due from banks 688,242.78 Total capital accounts_$ 249,094.30 Demand deposits ______ 1,887,463.72 Time deposits__________ 166,163.38 U. S. Gov’t deposits___ 23,520.69 Public funds __________ 330,490.27 Deposits of ban k s______ 85,666.87 Total dep. _.$2,493,304.93 Other liabilties ________ Total  ________________ $2,742,475.03   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Total  75.80  ________________ $2,742,475.03  88  State of Arkansas: Bank Department  THE TWIN CITY BANK, NORTH LITTLE ROCK Population 44,097.  Pulaski County  Chartered March 21, 1935. Telephone Number FR5-5361. Transit Number 81-54 Officers H. O. Topf-------------------------President R. J. Rice____ Vice Pres. & Cashier Ray 0. Clifton_________ Asst. Cashier J. Grayson Dickson_____Asst. Cashier C. H. Fuller_____________Asst. Cashier W. R. Rice__________________ Auditor  R. J. Rice H. 0. Topf  Directors J. E. Wright  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $2,000,515.90 U. S. Gov’t obligations 4,694,010.94 Other bonds and securities 118,731.62 Furniture and fixtu res_ 20,000.00 Banking house ________ 21,000.00 Cash and due from banks 2,397,396.67 Other resou rces________ 3,338.10  Liabilities Capital s t o c k __________ $ 150,000.00 Surplus f u n d __________ 150,000.00 Undivided p r o fit s ______ 169,716.54 Total capital accounts_$ 469,716.54 Demand deposits ______ 6,042,781.84 Time deposits__________ 1,351,893.74 Public funds __________ 1,390,332.08 Total d e p ._$8,785,007.66 Other liabilities________  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $9,254,993.23  Total  269.03 $9,254,993.23  89  Fortieth Report  MISSISSIPPI COUNTY BANK, OSCEOLA Population 5,006. Chartered March 15, 1928.  Mississippi County  Telephone Number 500.  Officers G. H. Florida___ Chairman of Board C. B. Wood________________ President H. F. Ohlendorf______Vice President J. W. Farris____ Ex. V. P. & Cashier C. L. Anderson, Jr.___ Asst. Cashier Mary E. Balloue_______ Asst. Cashier Loraine Owen__________ Asst. Cashier Bill Landrum___________Asst. Cashier Nora Wise_____________ Asst. Cashier  R. C. Branch J. W. Farris G. H. Florida  Transit Number 81-387 Directors A. Liverant H. F. Ohlendorf C. B. Wood  STATEMENT OF JUNE 30, 1954  Resources  Loans and discounts___ $2,592,783.71 Overdrafts ____________ 1,072.52 U. S. Gov’t obligations_ 48,000.00 Other bonds and securities 144,608.32 Furniture and fixtu res_ 19,991.48 Banking house ________ 1.00 Cash and due from banks 1,699,264.58 Other lesources________ 2,567.27  Total _______________ $4,508,288.88   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Liabilities Capital s t o c k __________$ 200,000.00 200,000.00 Surplus f u n d __________ Undivided p r o fit s _____ 136,566.49 Total capital accounts. _$ 536,566.49 Demand deposits ______ 2,814,026.78 Time deposits__________ 672,616.36 U. S. Gov’t deposits___ 22,852.89 387,226.36 Public funds __________ Deposits of ban k s______ 75,000.00 Total d e p ._$3,971,722.39 Total _______________ $4,508,288.88  90  State of Arkansas: Bank Department  THE PLANTERS BANK, OSCEOLA Population 5,006. Chartered April 13, 1944.  Mississippi County  Telephone Number 400.  Officers Joe T. Cromer_____________ President C. E. Dean____ Vice Pres. & Cashier J. F. Herndon__________Asst. Cashier  R. C. Bryan J. T. Cromer C. E. Dean  Transit Number 81-745 Directors Nathan Weinberg L. C. B. Young  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $2,327,541.69 U. S. Gov’t obligations_ 25,000.00 Other bonds and securities 92,677.50 Furniture and fixtu res_ 8,922.87 10,000.00 Banking house ________ Other real e s ta t e ______ 4,250.00 Cash and due from banks 674,732.11  Liabilities Capital s t o c k __________ $ 75,000.00 Surplus f u n d __________ 135,000.00 50,844.92 Undivided p r o fit s ______ Reserves ______________ 34,173.10 Total capital accounts_$ 295,018.02 Demand deposits ______ 1,746,712.54 Time deposits__________ 790,594.55 36,002.57 U. S. Gov’t deposits___ Public funds __________ 274,796.49 Total dep. __$2,848,106.15  $3,143,124.17  Total  Total  $3,143,124.17  BANK OF OZARK, OZARK Population 1,757. Chartered June 9, 1937.  Franklin County  Telephone Number 28.  Officers W. A. Hudspeth___________President W. A. Hudspeth, Jr__ Vice President Don Smith__________________ Cashier  Transit Number 81-727  Directors W. A. Hudspeth Jeta Taylor Frank N. Johnston Romie Wilson  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 812,678.48 Overdrafts ____________ 232.53 U. S. Gov’t obligations_ 317,665.63 Banking house ________ 1,000.00 Cash and due from banks 832,944.49  Liabilities Capital s t o c k _______ $ Surplus fund _ ___ Undivided p r o fit s ___ Total capital accounts_$ 146,002.02  25.000. 00 75.000.00 46,002.02  Demand deposits 1,686,318.26 Public funds ______ _ 119,775.85 Deposits of ban k s___ 10,000.00 Total dep. __$1,816,094.11 Other liabilities___ Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,964,521.13  Total  2,425.00 $1,964,521.13  91  Fortieth Report  THE SECURITY BANK & TRUST COMPANY, PARAGOULD  Population 9,668. Chartered February 5, 1931. Telephone Officers James W. Alexander_______President E. R. Browning_Vice Pres. & Cashier Scott Noel_____________Asst. Cashier Mary Bynum__________ Asst. Cashier Reba Neely____________ Asst. Cashier  Greene County No. CEdar 2-7782. Transit No. 81-82 Directors James W. Alexander S. P. McHaney E. R. Browning L. G. Staub Earl Gramling Ike Willcockson J. A. Hancock J. E. Winn R. V. McCoy  STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts____ $1,203,421.96 Capital stock____________ $ 100,000.00 199.97 Surplus fund___________ 100,000.00 Overdrafts ____________ U. S. Gov’t obligations_ 1,104,134.00 Undivided profits_______ 127,623.10 Other bonds and securities 328,429.19 Reserves_______________ 50,000.00 Furniture and fixtures_ 6,592.09 Total capital Banking house__________ 9,125.00 accounts_$ 377,623.10 Cash and due from banks 1,100,209.08 Demand deposits________ 1,871,392.39 Time deposits___________ 1,025,921.95 U .S. Gov’t deposits___ _ 23,165.75 Public fu n d s ----------------- 451,196.00 Total dep___ $3,371,676.09 Other liabilities_________ Total  $3,752,111.29  Total  2,812.10  _________________ $3,752,111.29  BANK OF PARKDALE, PARKDALE Population 385. Ashley County Chartered February 1, 1910. Telephone Number 2181. Transit Number 81-416 Officers Directors J. A. Williams_____________ President J. H. Caldwell J. A. Williams J. H. Caldwell________Vice President J. P. Caldwell J. P. Caldwell_______________ Cashier James B. Hill__________Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $ 464,252.46 Capital stock___________ $ Overdrafts_____________ 1,333.16 Surplus fund___________ U. S. Gov’t obligations__ 140,699.85 Undivided profits_______ Furniture and fixtures_ 969.60 Reserves ______________ Cash and due from banks 85,303.40 Total capital accounts_$ 85,259.42 Demand deposits________ Time deposits___________ U. S. Gov’t deposits_____ Public funds____________ Total dep___ $ 607,299.05 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $ 692,558.47  Total  30,000.00 20,000.00 33,259.42 2,000.00  535,476.23 23,046.88 5,628.10 43,147.84  $ 692,558.47  92  State of Arkansas: Bank Department  FIRST STATE BANK, PARKIN Population 1,414. Chartered June 5, 1925.  Cross County  Telephone Number 5-5401.  Officers H. L. Coldren_____________ President Mrs. G. D. Carter___ Exec. Vice Pres. F. E. Brenner________Vice President S. N. Green_________________ Cashier Mrs. Aljean Crook____ Asst. Cashier  Transit Number 81-676  Directors F. E. Brenner H. L. Coldren Fred E. Brenner, Jr H. L. Coldren, Jr. John A. Brenner S. N. Green Mrs. G. D. Carter N. E. Thomas  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts____ $ 603,522.34 U. S. Gov’t obligations_ 159,000.00 7,072.80 Other bonds and securities 11,529.35 Furniture and fixtures_ Banking house__________ 31,002.00 Cash and due from banks 336,169.76 Other resources________ 266.16  Liabilities Capital stock___________ $ Surplus fund___________ Undivided profits_______ Reserves_______________ Total capital accounts_$ 148,857.13  50,000.00 50,000.00 48,157.13 700.00  Demand deposits________ Time deposits___________ U. S. Gov’t deposits_____ Public funds____________ Total dep___ $ 992,501.99  747.344.55 132,093.57 8,848.23 104,215.64 7,203.29  Other liabilities Total  ,148,562.41  Total  $1,148,562.41  BANK OF PEA RIDGE, PEA RIDGE Population 268. Chartered May 6, 1911.  Benton County  Telephone Number 10.  Officers W. T. Patterson___________ President Hugh H. Webb_Vice Pres. & Cashier Alvin Armstrong______ Asst. Cashier  Transit Number 81-468  Directors W. T. Patterson Nell I. Webb Hugh H. Webb  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts____ $ 159,964.88 Overdrafts ____________ 127.78 U. S. Gov’t obligations_ 50,000.00 Furniture and fixtures_ 1,300.00 Banking house__________ 350.00 Cash and due from banks 177,440.41  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $ 389,183.07  Liabilities Capital stock___________ $ Surplus fund___________ Undivided profits_______ Total capital accounts_$ 68,906.87  25,000.00 25,000.00 18,906.87  Demand deposits________ Time deposits___________ Public funds____________ Total dep___ $ 320,276.20  243,871.25 27,295.69 49,109.26  Total  $ 389,183.07  93  Fortieth Report  THE PERRY COUNTY BANK, PERRYVILLE  Population 674. Chartered December 8, 1945.  Perry County  Telephone Number 24.  Officers B. J. Suffridge___________ President Paul Van Dalsem____ Vice President H. E. Van Dalsem---------------- Cashier J. H. Moo,re____________Asst. Cashier  Transit Number 81-752  Directors J. D. Farish H. E. Van Dalsem L. E. Jones Paul Van Dalsem Joseph B. LipsmeyerB. J. Suffridge  STATEMENT OF JUNE 30, 1954 Liabilities Capital stock _ $ Surplus fund Undivided profits Total capital accounts__$ 58,097.71  Resources Loans and discounts___ $ 152,264.20 U. S. Gov’t obligations_ 191,000.00 2,360.36 Other bonds and securities 2,142.46 Furniture and fixtu res_ Banking house 11,732.09 Cash and due from banks 211,668.72  Demand deposits Public funds Total dep. __$ 511,077.51 Other liabilities Total _  Total  $ 571,167.83  25,000.00 15,000.00 18,097.71  421,456.82 89,620.69 1,992.61 $ 571,167.83  PIGGOTT STATE BANK, PIGGOTT Population 2,558. Chartered March 10, 1930.  Clay County  Telephone Number 71.  Officers V. C. Wright____________ President T. W. Leggett_______Vice President T. W. Leggett, Jr___________ Cashier J. W. Harris__________Asst. Cashier  Transit Number 81-698  Directors J. W. Hamilton H. C. Robbins T. W. Leggett John Staples T. W. Leggett, Jr. V. C. Wright G. Will Reves  STATEMENT OF JUNE 30, 1954 Officers Loans and discounts----- $ 547,653.01 U. S. Gov’t obligations — 1,056,037.50 Other bonds and securities 203,187.90 Furniture and fixtures — 3,000.00 Banking house -----------6,000.00 Cash and due from banks 499,072.56 Other resources ---------.83  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $2,314,951.80  Directors Capital s t o c k __ , ______ $ 50,000.00 Surplus fund __________ 50,000.00 Undivided p r o fit s ______ 102,051.66 75,000.00 Reserves ______________ Total capital accounts_$ 277,051.66 Demand deposits_______ 1,527,713.79 Time deposits__________ 100,449.13 U. S. Gov’t deposits___ 24,375.95 Public fu n d s ----------------- 375,361.27 Deposits of b a n k s______ 10,000.00 Total dep. _$2,037,900.14 Total  $2,314,951.80  94  State of Arkansas: Bank Department  FIRST STATE BANK, PLAINVIEW Population 637. Yell CountyChartered January 12, 1934. Telephone Number 051. Transit Number 81-234 Directors Officers Bill Aikman C. B. Law M. A. Vandover__________ President Donald Barger J. C. Morse Donald Barger________Vice President M. A. Vandover Eric Caviness Winfred Hopper_____________ Cashier Noel Vandover Billie Mathis__________Asst. Cashier Willie Caviness STATEMENT OF JUNE 30, 1954 Liabilities Resources Loans and discounts___ $ 322,762.34 Capital s t o c k __________$ 40,000.00 40,000.00 2,615.48 Surplus fund __________ Overdrafts ____________ 80,190.67 U. S. Gov’t obligations — 639,500.00 Undivided p r o fit s ______ 10,000.00 65,902.05 Reserves ______________ Other bonds and securities 1.00 Total capital Furniture and fixtu res_ accounts_$ 170,190.67 1.00 Banking house ________ Other real e s ta te _____ 1.00 Cash and due from banks 185,197.58 Demand deposits ______ 836,725.88 Time deposits _________ 68,125.19 6,147.18 U. S. Gov’t deposits___ Public funds __________ 134,791.53 Total d e p ._$1,045,789.78 Total _________ I_____ $1,215,980.45  Total  $1,215,980.45  BANK OF POCAHONTAS, POCAHONTAS Population 3,840. Randolph County Chartered October 31, 1903. Telephone Number 36. Transit Number 81-297 Officers Directors Dr. J. W. Brown___________ President F. E. Belford Dr. J. W. Brown R. R. Hosey___ Exec. Vice President Harry A. Belford R. R. Hosey Tom Bigger_________ Vice President Tom Bigger F. E. Belford________ Vice President Harry A. Belford____________ Cashier Joe T. Wilson_________ Asst. Cashier G. B. Johnson_________ Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and-discounts___ $1,062,430.38 Capital s t o c k __________ $ Overdrafts ____________ 5.74 Surplus fund __________ U. S. Gov’t obligations_ 1,094,600.00 Undivided p r o fits ______ Other bonds and securities 175,600.00 Reserves ______________ Furniture and fixtures_ 3,000.00 Total capital Cash and due from banks 643,272.88 accounts_$ 244,263.99  75,000.00 75,000.00 90,621.94 3,642.05  Demand deposits ______ 2,082,498.43 Time deposits _________ 433,010.56 U. S. Gov’t deposits___ 21,329.91 Public funds __________ 165,093,39 Deposits of banks______ 32,712.72 Total dep. _.$2,734,645.01 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $2,978,909.00  Total  $2,978,909.00  95  Fortieth Report  THE PEOPLES BANK, PORTLAND  Population 517.  Ashley County  Chartered January 22 1908. Telephone Number 2961. Transit Number 81-248 Officers Victor Edwards___________ President Mary Dean Pugh------- Vice President Lawrence Peebles------------------ Cashier Craig Shackleford_____ Asst. Cashier  Directors George M. Brown Leroy Naff Victor Edwards Mary Dean Pugh E. D. Gregory Craig Shackleford  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 426,093.41 Overdrafts 845.31 U. S. Gov’t obligations_ 188,200.00 Furniture and fixtures_ 156.21 Cash and due from banks 107,405.92 Other resources _ 1.00  Liabilities Capital stock _ $ Surplus fund _ Undivided profits _ Reserves Total capital accounts_$ 98,570.18 Demand deposits Time deposits U. S. Gov’t deposits___ Public funds Total dep. __$ 624,131.67  Total  $ 722,701.85  Total _  25.000. 00 50.000. 00 20,170.18 3,400.00  529,126.63 54,191.08 6,075.67 34,738.29  __ $ 722,701.85  .  PORTLAND BANK, PORTLAND Population 517. Chartered April 23, 1900.  Ashley County  Telephone Number 2361.  Officers Gus Pugh_________________President R. B. Newcome, Jr____ Vice President C. E. Larrison______________Cashier Mack Borgognoni_____ Asst. Cashier K. Thornton__________ Asst. Cashier  Transit Number 81-247  Directors R. B. Newcome, Jr. Felix Pugh  Gus Pugh Joe Pugh  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ ! U. S. Gov’t obligations_ Other bonds and securities Furniture and fixtures __ Banking house ________ Other real e s ta te ______ Cash and due from banks Other resources ________  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  691,400.52 516,106.25 30,375.00 5,025.87 2,478.84 1.00 264,522.71 667.66  $1,510,577.85  Liabilities Capital s t o c k __________ $ 20,000.00 Surplus f u n d __________ 80,000.00 Undivided p r o fit s ______ 126,031.77 Total capital accounts_$ 226,031.77 Demand deposits _______ 1,152,016.60 Time deposits ________ 112,976.72 Public funds __________ 19,552.76 Total d e p ._$1,284,546.08 Total  $1,510,577.85  State of Arkansas: Bank Department  96  CITIZENS BANK, POTTSVILLE Population 224.  Pope County  Chartered August 13, 1913. Telephone Number 2431. Transit Number 81-551 Officers Morton Rankin____________ President Kenneth E. Owens___ Vice President G. C. Owens_______________ Cashier  Directors Kenneth E. Owens Morton Rankin G. C. Owens  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ Overdrafts ____________ U. S. Gov’t obligations __ Other bonds and securities Furniture and fixtures_ Banking h ou se _________ Other real e s ta te _____ Cash and due from banks Other resources ________  104,525.55 4.80 61,500.00 25,000.00 561.00 1.00 1.00 76,787.93 25.00  .$ 268,406.28  Total  Liabilities Capital s t o c k __________! Surplus fund __________ Undivided p r o fit s ______ Total capital accounts_$ 39,164.00  25,000.00 2,500.00 11,664.00  Demand deposits ______ U. S. Gov’t deposits___ Public funds __________ Total dep. 229,242.28  198,368.81 2,953.61 27,919.86  268,406.28  Total  THE FARMERS AND MERCHANTS BANK, PRAIRIE GROVE Population 939. Chartered August 29, 1904.  Washington County  Telephone Number 95.  Officers D. E. Rieff___ President and Cashier W. H. Bartholomew__ Vice President W. E. N. Phillips___ Vice President W. H. Thompson_______ Asst. Cashier Lorene Jones__________ Asst. Cashier Geraldine Parks_______Asst. Cashier  Transit Number 81-256  Directors W. H. Bartholomew W. E. N. Phillips W. H. Mock D. E. Rieff J. C. Parks  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ i Overdrafts ____________ U. S. Gov’t obligations_ Other bonds and securities Furniture and fixtures_ Banking house ________ Cash and due from banks Other resources________  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  683,083.17 130.80 170,800.00 255,295.20 1.00  Liabilities Capital s t o c k __________ $ 30,000.00 Surplus fund __________ 30,000.00 Undivided p r o fit s ______ 110,234.02 Total capital accounts—$ 170,234.02  1,000.00  426,768.83 960.00  $1,538,039.00  Demand deposits ______ Time deposits__________ U. S. Gov’t deposits____ Public funds __________ Total dep. —$1,367,804.98 Total  936,239.82 347,274.77 11,127.65 73,162.74  $1,538,039.00  Fortieth Report  97  BANK OF PRESCOTT, PRESCOTT Population 3,960. Chartered August 10, 1904.  Nevada County  Telephone Number 206.  Officers Fred J. White____________ President W. R. Hambright____ Vice President Wren Scott___________Vice President J. A. Yancey--------------- Asst. Cashier  Transit Number 81-140  Directors D. K. Bemis Dr. A. W. Hudson V. M. Bemis Wren Scott W. R. Hambright Fred J. White Olen Hendrix  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts_$1,058,582.96 Overdrafts_______ 89.30 U. S. Gov’t obligations_ 1,296,169.32 Other bonds and securities 742,006.59 Furniture and fixtures__ 9,100.00 6,000.00 Banking house__________ Cash and due from banks 662,314.88 Other resources________ 4,085.19  T ota l__________________ $3,778,348.24  Liabilities Capital stock___________ $ 100,000.00 Surplus fund____________ 150,000.00 48,52244 Undivided profits_______ Reserves_______________ 1,817.34 Total capital accounts_$ 300,339.48 Demand deposits________ 2,678,419.69 Time deposits___________ 144,880.07 U. S. Gov’t deposits____ 173,836.92 Public funds____________ 458,966.40 Deposits of banks_______ 21,905.68 Total dep.___$3,478,008.76 T ota l__________________ $3,778,348.24  BANK OF QUITMAN, QUITMAN Population 345. Chartered August 15, 1903.  Cleburne County  Telephone Number 2401.  Officers Ben F. Clark______________ President W. H. McNair________Vice President N. H. Tarver_______________Cashier Edith Ellis____________ Asst. Cashier  Transit Number 81-424  Directors J. A. Bailey W. H. McNair Ben F. Clark N. H. Tarver Edith Ellis  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts------- $ 230,853.83 88.52 Overdrafts_____________ 325,000.00 U. S. Gov’t obligations— 91,092.50 Other bonds and securities 1.00 Furniture and fixtures__ 1.00 Banking house--------------Cash and due from banks 140,718.62  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $ 787,755.47  Liabilities Capital stock____________ Surplus fund----------------Undivided profits_______ Total capital account_$ 93,847.91 Demand deposits________ Time deposits___________ U. S. Gov’t deposits____ Public funds____________ Total dep___ 693,907.56 Total  25.000. 00 25.000. 00 43,847.91  563,669.08 90,179.82 156.93 39,901.73  .$ 787,755.47  98  State of Arkansas: Bank Department  THE BANK OF RECTOR, RECTOR Population 1,855. Clay County Chartered November 15, 1930. Telephone Number 3491. Transit Number 81-173 Directors Officers J. C. Hardin_______________ President J. C. Hardin J. A. Marlar J. A. Marlar_Exec. Vice President T. C. Justus E. M. Purcell E. M. Purcell_________ Vice President O'. A. Harper________________ Cashier Bema Nell Gogue____ Asst. Cashier B. J. Ford___________ Asst. Cashier Mary Lee Hill__________Asst. Cashier STATEMENT OF JUNE 30, 1954 Liabilities Resources Loans and discounts------- ! ,107,360.37 Capital stock____________ i 80,000.00 Surplus fu n d ----------------U. S. Gov’t obligations---Other bonds and securities 219,216.70 Undivided profits-----------17,900.00 Reserve _______________ Furniture and fixtures__ Cash and due from banks 472,044.15 Total capital accounts-_$ 218,557.10 2,565.00 Other resources-------------  50.000. 00 75.000.00 23,557.10 70.000. 00  Demand deposits________ 1,291,448.92 Time deposits___________ 245,988.44 15,169.37 U. S. Gov’t deposits____ Public funds____________ 127,922.39 Total dep___ $1,680,529.12 $1,899,086.22  Total  Total  $1,899,086.22  FARMERS AND MERCHANTS BANK, REYNO Population 292. Chartered December 8, 1911. Telephone Officers F. E. Belford__________ _— President Glenn Brown_________Vice President Freda M. Brown____________ Cashier Muriel Butler__________Asst. Cashier Otistean Ahrent_______ Asst. Cashier  Randolph County Number 9705Jl. Transit Number 81-427 Directors F. E. Belford Glenn Brown Freda M. Brown  STATEMENT OF JUNE 30, 1954 Resources Liabilities Capital stock ___________ ! Loans and discounts------- $ 360,660.27 Overdrafts_____________ 690.99 Surplus fund____________ U. S. Gov’t obligations__ 199,882.81 Undivided profits_______ Furniture and fixtures— 8,530.00 Reserves _______________ Banking h o u se _________ 1,200.00 Total capital accounts_$ 59,681.17 Cash and due from banks 130,281.95 Other resources_________ 102.66 Demand deposits_______ U. S. Gov’t deposits_____ Public funds____________ Total dep___ $ 641,667.51 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$ 701,348.68  Total  25.000. 00 5,000.00 9,681.17 20.000.00  477,913.16 1,998.28 161,756.07  .$ 701,348.68  Fortieth Report  99  THE BANK OF RISON, RISON Population 953. Cleveland County Chartered March 7, 1932. Telephone Number 48. Transit Number 81-428 Officers Directors Leon Moore----------------------- President Herman Davidson Leon Moore Herman Davidson________Vice Pres. J. E. Goggans J. E. McCoy & Cashier James L. Moore Max M. Smith Hazel Smith__________ Asst. Cashier May Dell Morrison___ Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ ! 424,739.48 Capital s t o c k __________ 1 25.000. 00 U. S. Gov’t obligations-_ 498,280.61 Surplus f u n d __________ 25.000. 00 Other bonds and securities 27,191.05 Undivided p r o fit s ______ 91,099.32 Furniture and fixtures_ 2,700.00 Reserves ______________ 16,889.66 Banking house ________ 6,422.75 Total capital Other real e s ta te ______ 9.00 accounts_$ 157,988.98 Cash and due from banks 183,037.29 ------------------Other resources ________ 2.00 Demand deposits ______ 686,473.97 Time deposits__________ 175,182.48 Public funds __________ 117,736.75 Total d e p ._$ 979,393.20 Total  $1,137,382.18  Total  $1,137,382.18  THE BANK OF RUSSELLVILLE, RUSSELLVILLE Population 8,166. Pope County Chartered December 23, 1897. Telephone Number 16. Transit Number 81-119 n i* fi Officers Geo. S. Neal______________ President E. C. Bradley Geo. S. Neal M. J. Hickey_________Vice President M. J. Hickey Floyd Ragsdale Geo. H. Neal-------------- Vice President A. J. Mathews C. M. Richmond Robert H. Parker___________ Cashier Geo. H. Neal Bobby Joe Roderick____ Ast. Cashier STATEMENT OF JUNE 30, 1954 Liabilities Resources Capital s t o c k __________$ 100,000.00 Loans and discounts___ $1,517,325.11 Surplus funds ________ 20,000.00 U. S. Gov’t obligations_ 1,152,120.13 Other bonds and securities 406,895.98 Undivided p r o fit s ______ 329,861.21 75,000.00 Furniture and fixtures_ 7,707.00 Reserves ______________ Banking house ________ 25,000,00 Total capital accounts_$ 524,861.21 Other real e s ta te ______ 10,006.00 Cash and due from banks 1,776,635.53 Other resources________ 1,311.88 Demand deposits ____=— 2,397,598.81 Time deposits__________ 1,369,107.18 U. S. Gov’t deposits___ 61,994.20 Public funds __________ 536,646.43 Deposits of b a n k s______ 6,793.80 Total d e p ._$4,372,140.42 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $4,897,001.63  Total  $4,897,001.63  100  State of Arkansas: Bank Department  PEOPLES EXCHANGE BANK, RUSSELLVILLE Population 8,166. Pope CountyChartered March 24, 1890. Telephone Number 12. Transit Number 81-118 Officers Directors Donald Barger_____________President Donald Barger Chas. M. Howell C. E. Lemley_________ Vice President Lee Cheek I. A. Laws Hence J. Priddy John T. Little_______________ Cashier G. M. Cook J. Madison White L. Gardner Hazel G. Little______ Asst. Cashier Bert Mullens_________Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $2,300,370.79 Capital s t o c k __________ $ 100,000.00 20,000.00 U. S. Gov’t obligations 1,301,662.60 Surplus f u n d __________ Other bonds and securities 462,977.55 Undivided p r o f it s ______ 301,807.08 Furniture and fixtures_ 8,909.00 Total capital Banking house ________ 14,000.00 accounts_$ 421,807.08 Cash and due from banks 1,383,141.07 ------------------Demand deposits ______ 3,421,296.11 Time deposits__________ 1,323,564.62 U. S. Gov’t deposits___ 42,976.35 Public funds __________ 198,220.32 Deposits of ban k s______ 63,196.53 Total d e p ._$5,049,253.93 Total  $5,471,061.01  Total  $5,471,061.01  BANK OF SALEM, SALEM Population 687. Fulton County Chartered December 9, 1908. Telephone Number 8. Transit Number 81-430 Officers Directors Rex Castleberry_______ _— President Fay Castleberry H. J. Humphries Fay Castleberry---------- Vice President Rex Castleberry Jim Humphries H. J. Humphries--------Vice President W. R. Castleberry Cuthbert Pickren______ Vice President Lanis Ashley_________ Vice President Jim Humphries______________ Cashier Corwin Mosey_________ Asst. Cashier W. R. Castleberry____ Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $ 731,091.98 Capital s t o c k __________i Overdrafts ____________ 165.86 Surplus fund __________ U. S. Gov’t obligations_ 237,500.00 Undivided p r o fit s ______ Furniture and fixtures __ 800.00 Total capital Banking house ________ 1.00 accounts. _$ 145,401.26 Cash and due from banks 370,452.95 Demand deposits ______ Time deposits__________ U. S. Gov’t deposits___ Public funds __________ Total dep. __$1,194,610.53 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,340,011.79  Total  50.000. 00 50.000.00 45,401.26  971,416.11 175,368.27 56.25 47,769.90  $1,340,011.79  Fortieth Report  101  LOGAN COUNTY BANK, SCRANTON Population 283. Logan County Chartered April 7, 1926. Telephone Number 14. Transit Number 81-686 Directors Officers J. B. Layes, Jr. Frank Ahne_______________President Frank Ahne Afton Mitchell________Vice President Frank Drum Ross Martin Joe Fritsche________________ Cashier Roy Drum Afton Mitchell Joe Fritsche STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ ! 231,924.00 Capital s t o c k __________$ 25.000. 00 Overdrafts ____________ 432.86 Surplus fund __________ 15.000. 00 U. S. Gov’t obligations_ 360,677.20 Undivided p r o fit s ______ 44,468.50 Other bonds and securities 1,500.00 Total capital 1,222.81 Furniture and fixtu res_ 84,468.50 accounts_$ Banking house ________ 100.00 Cash and due from banks 138,296.34 Demand deposits ______ 581,841.79 Time deposits_________^ 35,269.62 U. S. Gov’t deposits___ 8,113.32 Public funds __________ 24,459.98 Total d e p ._$ 649,684.71 Total  $ 734,153.21  Total  $ 734,153.21  SECURITY BANK, SEARCY Population 6,024. White County Chartered February 6, 1932. Telephone Number 1283. Transit Number 81-153 Officers Directors A. J. Stephens--------------------President B. C. Huddleston M. O. Thompson President Joe S. Pierce E. M. Twyford E. O. Yancey_Exec. Vice K. B. Rand__________ Vice President K. B. Rand Ray A. Yamell B. C. Huddleston____ Vice President J.. W. Sanford E. O. Yancey E. M. Twyford-----------------------Cashier A. J. Stephens Ralph Duncan__________Asst. Cashier Lucille Watson_________ Asst. Cashier W. O. Dobbins__________Asst. Cashier Denver Leasure________ Asst. Cashier STATEMENT OF JUNE 30. 1954 Resources Liabilities Loans and discounts___ $1,972,410.37 Capital s t o c k ____ ^f 150,000.00 Overdrafts ____________ 52.05 Surplus fund _ 150,000.00 U. S. Gov’t obligations_ 286,000.00 Undivided profits 83,090.65 Other bonds and securities 5?6,033.38 Reserves __ 19,051.27 Furniture and fixtu res_ 11,697.00 Total capital Banking house ________ 4,300.00 accounts_$ 402,141.92 Cash and due from banks 671,880.87 565.00 Demand deposits Other resources________ 2,406,775.15 126,847.45 U. S. Gov’t deposits----437,697.10 Public f u n d s ___ _ 99,477.05 Deposits of banks Total dep. __$3,070,796.75 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $3,472,938.67  Total  $3,472,938.67  102  State of Arkansas: Bank Department  THE SEARCY BANK, SEARCY Population 6,024. White County Chartered May 1, 1943. Telephone Number 780. Transit Number 81-154 Directors  Officers  E. P. Pyeatt----------------------- President Wayne W. Pyeatt____ Vice President Frank S. Leavitt_Vice Pres. & Cashier Marian Schwarz________ Asst. Cashier L. W. Sutherlin-------------Asst. Cashier Majors P. Pickens_____ Asst. Cashier  Cal Aclin Frank S. Leavitt J. E. Lightle, Jr. E. P. Pyeatt  Wayne W. Pyeatt Hubert Smith Thos. A. Watkins  STATEMENT OF JUNE 30, 1954 Liabilities Capital s t o c k __________$ 150,000.00 Loans and discounts___ $1,559,330.69 Surplus f u n d __________ 150,000.00 29.46 Overdrafts ____________ U. S. Gov’t obligations_ 1,192,980.79 Undivided p r o fit s ______ 131,616.73 20,588.45 Reserves ______________ Other bonds and securities 843,032.71 Total capital Furniture and fixtu res_ 26,721.02 accounts-_$ 452,205.18 Banking house ________ 53,336.55 Cash and due from banks 779,999.32 Demand deposits ______ 3,454,356.25 Other resources________ 1,805.19 U. S. Gov’t deposits___ 58,951.98 Public funds __________ 441,943.17 Deposits of ban k s______ 49,779.15 Total d e p ._$4,005,030.55 Resources  Total _______________ $4,457,235.73  Total  _______________ $4,457,235.73  GRANT COUNTY BANK, SHERIDAN Population 1,893. Grant County Chartered July 29, 1903. Telephone No. WH 2-2501. Transit No. 81-432 Affi  T)-jra^fnTC!  J. A. McCoy______________ President A. L. Blakely_________Vice President Coats A. Mitchell___________Cashier Mrs. Jessie L. Mitchell-Asst. Cashier  A. L. Blakely O. P. Cearley 0. R. Kelly  D. E. McCoy J. A. McCoy Coats A. Mitchell  STATEMENT OF JUNE 30. 1954 Liabilities Capital stock _ $ 50.000. 00 Loans and discounts___ $ 405,944.19 _____ 50.000. 00 U. S. Gov’t obligations_ 727,539.69 Surplus fund _ 127,053.46 Other bonds and securities 102,788.30 Undivided profits __ 11,198.19 9,181.71 Reserves Furniture and fix tu ie s _ Banking house ________ 28,724.98 Total capital accounts_$ 238,251.65 Other real e s ta te ______ 4,760.63 Cash and due from banks 356,080.99 1,208,175.82 Demand d ep o sits_ Time deposits_ 70,105.49 U. S. Gov’t deposits___ 8,765.00 Public funds 108,488.32 1,234.21 Deposits of banks Total dep. —$1,396,768.84 Resources  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,635,020.49  Total  $1,635,020.49  Fortieth Report  103  BANK OF SHERRILL, SHERRILL Population 263.  Jefferson County-  Chartered August 13, 1913.  Transit Number 81-556  Telephone Number Altheimer 6-2714. Officers Ben L. Rogers________Vice President E. H. Guyer_________________ Cashier Odus H. LeMay________Asst. Cashier  Directors W. A. Albright E. H. Guyer J. M. Barrett Odus H. LeMay E. L. Burgess Ben L. Rogers  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ ! Overdrafts ____________ U. S. Gov’t obligations_ Other bonds and securities Furniture and fixtu res_ Banking house ________ Cash and due from banks  Total  401,086.55 161.53 282,770.00 83,750.00 2,019.49 2,500.00 153,260.92  $ 925,548.49  Liabilities Capital s t o c k __________i Surplus f u n d __________ Undivided p r o fit s ______ Total capital accounts_$ 74,274.40 Demand deposits ______ Time deposits__________ Public funds __________ Total d e p ._$ 851,274.09 Total  25.000. 00 25.000. 00 24,274.40  589,060.38 116,025.40 146,188.31  $ 925,548.49  BANK OF SIDNEY, SIDNEY Population 120.  Sharp County  Chartered September 23, 1912. Officers O. S. Westmoreland_______ President Thomas A. Bone---------Vice President R. C. Pounders______________ Cashier Atalee Pounders________Asst. Cashier  Transit Number 81-522 Directors Thomas A. Bone O. S. Westmoreland R. C. Pounders  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 7,656.08 Overdrafts ____________ 63.10 U. S. Gov’t obligations_ 237,000.00 Furniture and fixtures_ 1.00 Banking house ________ 1.00 Cash and due from banks 105,326.58  Liabilities Capital s t o c k __________ $ Surplus fund __________ Undivided p r o fit s ______ Reserves ______________ Total capital accounts_$ 16,960.60 Demand deposits ______ Public funds __________ Total dep. 333,087.16  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $ 350,047.76  Total  5,000.00 6,500.00 5,418.91 41.69  332,499.80 587.36  .$ 350,047.76  104  State of Arkansas: Bank Department  BRATT-WASSON BANK, SILOAM SPRINGS Population 3,270. Benton County Chartered April 8, 1932. Telephone Number 33. Transit Number 81-706 Officers Directors Marion Wasson------------------President SadieMonroe Vol Wasson Vol Wasson___________Vice President Elsie Sumner Tom Whiteside Sadie Monroe_________Vice President Marion Wasson Tom Whiteside______________ Cashier Elsie Sumner_________ Asst. Cashier Arthur Melson________ Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $ 664,811.37 Capital s t o c k __________$ 75,000.00 Overdrafts ____________ 553.99 Surplus fund __________ 25,000.00 U. S. Gov’t obligations_ 2,534,938.00 Undivided p r o fit s ______ 19,643.05 138,266.84 Other bonds and securities 303,268.62 Reserves ______________ Furniture and fixtu res_ 25,282.64 Total capital Banking house ________ 10,100.00 accounts_$ 257,909.89 Cash and due from banks 1,217,030.04 Other resources________ 8,172.75 Demand deposits ______ 3,797,699.49 Time deposits__________ 495,606.95 55,934.54 U. S. Gov’t deposits___ Public funds __________ 157,006.54 Total dep. _.$4,506,247.52 Total  $4,764,157.41  Total  $4,764,157.41  SMACKOVER STATE BANK, SMACKOVER Population 2,495. Union County Chartered April 18, 1928. Telephone Number 3051. Transit Number 81-654 Officers Directors J. E. Berry________________ President J. E. Berry Homer T. Rogers Max A. Mitcham____ Vice President R. N. Manley L. E. Tennyson, Jr. W. H. White, Jr______Asst. Cashier Max A. Mitcham Audna L. Ward_______ Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $ 693,846.56 Capital s t o c k __________$ 50,000.00 U. S. Gov’t obligations_ 657,582.72 Surplus fund __________ 75,000.00 Other bonds and securities 252,828.51 Undivided p r o fit s ______ 35,812.29 11,678.94 Reserves ______________ Furniture and fixtures_ 40,000.00 Banking house ________ 10,000.00 Total capital Cash and due from banks 516,087.93 accounts_$ 200,812.29 Other resources _______ 1,126.95 Demand deposits ______ 1,298,534.80 Time deposits__________ 380,398.58 U. S. Gov’t deposits___ 62,057.72 Public funds __________ 201,098.15 Total d e p ._$1,942,089.25 Other liabilities________ Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $2,143,151.61  Total  250.07 $2,143,151.61  105  Fortieth Report  CITIZENS BANK, SMITHYILLE Population 250.  Lawrence County  Chartered March 23, 1901.  Transit Number 81-434  Officers R. S. Rainwater____________ President A. M. Starr__________Vice President Bonnie Perkins______________ Cashier  Directors Webster Perkins J. M. Raney R. S. Rainwater A. M. Starr Sloan Rainwater, Jr. Virginia Rainwater William Rainwater  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ Overdrafts ____________ U. S. Gov’t obligations_ Other bonds and securities Furniture and fixtures __ Banking house ________ Cash and due from banks  105,015.58 1,294.69 249,624.00 160,569.85 1,001.00 1.00 123,266.37  Liabilities Capital stock _ $ Surplus fund _ Undivided p r o fit s ______ Total capital accounts_$ 101,445.53  444,882.49 94,301.67  Demand deposits Public funds Total d e p ._$ 539,184.16 Other liabilities  Total _______________ $ 640,772.49  Total  25.000. 00 15.000. 00 61,445.53  142.80 _ _  $ 640,772.49  MERCHANTS AND PLANTERS BANK, SPARKMAN Population 964.  Dallas County  Chartered September 9, 1916. Telephone Number 15. Officers S. B. Home________________ President C. E. Hays____ Vice Pres. & Cashier  Transit Number 81-581  Directors C. E. Hays John T. Gaston S. B. Horne P. H. Taylor Garland Gaston  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ ! U. S. Gov’t obligations_ Other bonds and securities Furniture and fixtu res_ Banking house ________ Cash and due from banks  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  246,584.72 602,000.00 38,304.03 2,500.00 1.00 263,043.64  $1,152,433.39  Liabilities Capital s t o c k __________$ Surplus fund __________ Undivided p r o fit s ______ Total capital accounts_$ 77,814.74  20,000.00 26,000.00 31,814.74  Demand deposits ______ Time deposits__________ Public funds __________ Total dep. 074,618.65  957,948.14 32,365.94 84,304.57  Total  $1,152,433.39  106  State of Arkansas: Bank Department  FIRST STATE BANK, SPRINGDALE Population 5,835. Chartered February 12, 1923. Shelby FordJ. T. Bain___ R. E. Buck— Alice Sigmon  Washington County  Telephone Number 681.  Transit Number 81-856  Directors L. E. Johnson Tom Hargis Dr. Friedman Sisco J. T. Bain Joe M. Steele Shelby Ford J. S. Watts C. L. George Elmer Johnson A. P. Wilson  Officers ____________ President ________Vice President ______________ Cashier ________ Asst. Cashier  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $1,718,665.85 U. S. Gov’t obligations_ 1,375,962.00 Other bonds and securities 497,527.43 Furniture and fixtu res_ 9,528.40 1.00 Banking house ________ Cash and due from banks 778,770.56 Other resources________ 3,279.75  Liabilities Capital s t o c k ________ $ Surplus fund Undivided profits Reserves ________ Total capital accounts_$ 366,208.78  125,000.00 75,000.00 20,484.90 145,723.88  Demand deposits _ ___ 2,927,904.00 Time deposits_______ 876,093.86 U. S. Gov’t deposits___ 47,551.81 Public funds _ _ _ 165,976.54 Total dep. —$4,017,526.21 Total _______________ $4,383,734.99  Total _______________ $4,383,734.99  BODCAW BANK, STAMPS Population 2,552. Chartered December 8, 1902. Telephone Officers J. C. Cabe-------------------------- President W. R. Boney_________ Vice President C. C. Russell________ Vice President E. C. Turner_______________ Cashier  Lafayette County Number 3-4492. Transit Number 81-436 Directors W. R. Boney Sam Earle R. T. Boulware C. C. Russell J. C. Cabe A. O. Smith  STATEMENT OF Resources Loans and discounts___ $ 805,015.84 U. S. Gov’t obligations_ 607,568.75 Other bonds and securities 215,399.42 9,715.00 Furniture and fix tu ie s _ 15,410.00 Banking house -----------14.00 Other real e s ta t e _____ Cash and due from banks 373,231.99 6,256.35 Other resources _____  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $2,032,611.35  JUNE 30, 1954 Liabilities Capital s t o c k __________$ 50,000.00 50,000.00 Surplus f u n d __________ Undivided p r o f it s ______ 211,102.33 Reserves ______________ 19,303.26 Total capital accounts_$ 330,405.59 Demand deposits ______ 1,155,950.48 Time deposits _________ 448,146.27 U. S. Gov’t deposits____ 13,626.43 Public funds __________ 84,482.58 Total dep. —$1,702,205.76 Total  $2,032,611.35  107  Fortieth Report  BANK OF STAR CITY, STAR CITY Population 1,296. Chartered April 7, 1925.  Lincoln County  Telephone Number 57.  Officers W. R. Alsobrook___________ President Clyde E. Fish_______ Vice President G. D. Smith_________ Vice President I. A. Chambers______________ Cashier  Transit Number 81-437  Directors Dr. H. B. Alsobrook Clyde E. Fish W. R. Alsobrook G. D. Smith I. A. Chambers  STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $ 488,527.27 Capital s t o c k __________$ U. S. Gov’t obligations_ 366,700.00 Surplus f u n d __________ Other bonds and securities 123,245.00 Undivided p r o fit s ______ Furnituie and fixtures_ 7,250.00 Reserves ________-______ Banking house ________ 5,000.00 Total capital Cash and due from banks 197,218.19 accounts_$ 179,524.62  Total  ,187,940.46  50,000.00 50,000.00 65,756.43 13,768.19  Demand deposits ______ Time deposits _________ Public funds __________ Total d e p ._$1,007,758.40  649,659.31 108,148.92 249,950.17  Other liabilities________  657.44  Total  ,187,940.46  THE STEPHENS SECURITY BANK, STEPHENS Population 1,283.  Ouachita County  Chartered Febuirary 8, 1946. Telephone Number 3761. Transit Number 81-755 Officers Chas. T. Reveley______ ____ President James Smith__________ Vice President Floyd Bryan________________ Cashier Guy C. Pruitt_________ _Asst. Cashier  Directors Floyd Bryan James Smith G. W. Haltom Joe J. Wade H. G. Hearnsberger N. S. Yarbrough Chas. T. Reveley  STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $ 360,139.47 Capital s t o c k __________$ 50,000.00 U. S. Gov’t obligations_ 432,552.29 Surplus f u n d __________ 20,000.00 Other bonds and securities 202,433.05 Undivided p r o f it s ______ 16,615.08 Furniture and fixtures_ 4,335.49 Reserves ______________ 12,491.33 Banking house ________ 5,889.54 Total capital Cash and due from banks 292,908.44 accounts_$ 99,106.41 Other resources________ 265.80 Demand deposits ______ 908,897.82 Time deposits__________ 139,294.76 U. S. Gov’t deposits___ 62,056.49 Public funds __________ 89,168.60 Total dep. —$1,199,417.67 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,298,524.08  Total  —$1,298,524.08  108  State of Arkansas: Bank Department  CITIZENS BANK, STRONG Population 839. Union County Chartered Jan. 19, 1931. Telephone No. SYlamore 7-7361. Transit No. 81-441 Officers Directors O. B. Clark------------------------ President J. C. Burgess C. H. Lewis J. E. Cooper--------------- Vice President O. B. Clark E. W. Smith B. Finney--- ------------------------Cashier J. E. Cooper Laura K. Robertson___ Asst. Cashier STATEMENT OF JUNE 30. 1954 Resources Liabilities Loans and discounts___ $ 263,810.49 Capital s t o c k __________$ U. S. Gov’t obligations_ 454,000.00 Surplus fund __________ Furniture and fixtures __ 2,200.75 Undivided p r o fit s ______ 1.00 Reserves ______________ Banking house ________ Other real e s ta t e ______ 1.00 Total capital accounts_$ 155,064.04 Cash and due from banks 367,385.45 Demand deposits ______ Time deposits__________ U. S. Gov’t deposits___ Public funds __________ Total d e p ._$ 932,334.65 $1,087,398.69  Total  Total  25,000.00 35,000.00 89,697.75 5,366.29  801,662.80 93,699.22 7,753.89 29,218.74  $1,087,398.69  THE FARMERS AND MERCHANTS BANK, STUTTGART Population 7,276. Arkansas County Chartered December 29, 1944. Telephone Number 2-1521. Transit Number 81-747 Officers Directors G. H. Franzen_____________ President J. C. Barnett D. C. McDonald J. C. Barnett------Exec. Vice President R. B. Curtis D. W. Tweedy R. B. Curtis-----------------Vice President G. H. Franzen Ralph Wilson Edgar C. Diggs_____________ Cashier Russell McCollum Lela M. Curtis________Asst. Cashier Adolf E. Hubmann____ Asst. Cashier Artie Seidenschwarz__ Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $2,322,653.41 Capital s t o c k __________$ 75,000.00 72.96 Surplus fund __________ Overdrafts ____________ 150,000.00 U. S. Gov’t obligations_ 861,776.82 Undivided p r o fit s ______ 61,790.60 Other bonds and securities 470,909.78 Reserves ______________ 29,889.29 Furniture and fixtures __ 15,384.88 Total capital Banking house ________ 23,300.00 accounts__$ 316,679.89 Cash and due from banks 1,133,104.74 Other resources _______ 501.98 Demand deposits ______ 3,307,186.43 Time deposits__________ 402,341.85 U. S. Gov’t deposits___ 112,366.40 Public funds __________ 689,130.00 Total d e p ._$4,511,024.68 Total  ________________ $4,827,704.57   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Total  ________________ $4,827,704.57  109  Fortieth Report  CITIZENS BANK, TILLAR Population 239. Chartered July 28, 1913.  Drew County  Telephone Number 2-2571.  Officers V. C. Harrell_____________President C. H. Kimbro_______ Vice President J. H. Kimbro________________ Cashier  Transit Number 81-446 Directors  V. C. Harrell C. H. Kimbro  J. H. Kimbro B. C. Prewitt  STATEMENT OF JUNE 30, 1954 Resources Liabilities Loars and discounts___ $ 263,214.35 Capital s t o c k __________$ 25,000.00 66.50 Surplus fund __________ Overdrafts ____________ 50,000.00 35,000.00 Undivided p r o fit s ______ U. S. Gov’t obligations_ 8,910.70 79,274.80 Total capital Other bonds and securities 1.00 Furniture and fixtures __ accounts_$ 83,910.70 1.00 Banking house ________ 76,078.05 Demand deposits_______ 257,672.29 Cash and due from banks 1,686.23 Time deposits _________ Other resources ________ 29,83830 3,967.85 U. S. Gov’t deposits___ Public funds __________ 79,932 29 Total dep. 371,411.23 Total  455,321.93  Total _______________ $ 455,321.93  BANK OF TRUMANN, TRUMANN Population 3,744. Chartered October 26, 1911.  Poinsett County  Telephone Number 7.  Officers M. T. Byrn________________ President Geo. B. Cash_________ Vice President Earl Yarbrough_Vice Pres. & Cashier Clyde Robertson, Jr____Asst. Cashier Earl Yarbrough, Jr____Asst. Cashier  Transit Number 81-488  Directors M. T. Byrn Norris C. Taylor Geo. B. Cash R. H. Taylor J. F. Lady Earl Yarbrough Clyde Robertson, Jr.  STATEMENT C JUNE 30, 1954 Resources Liabilities Loans and discounts___ $1,237,990.54 Capital s t o c k __________$ 100,000.00 120,000.00 U. S. Gov’t obligations_ 178,000.00 Surplus fund __________ Other bonds and securities 36,000.00 Undivided p r o fit s ______ 51,248.38 11,647.20 Furniture and fixtures __ 3,700.00 Reserves ______________ Banking house -----------12,300.00 Total capital account_$ 282,895.58 Cash and due from banks 1,484,172.62 Demand deposits ______ 2,022,427 35 Time d ep osits_________ 474,747.59 U. S. Gov’t deposits___ 11,400.00 Public funds __________ 160,232.87 Deposits of b a n k ___ 459.77 Total d e p ._$2,669,267.58 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $2,952,163.16  Total  $2,952,163.16  110  State of Arkansas: Bank Department  BANK OF TUCKERMAN, TUCKERMAN Population 1,253. Jackson County Chartered November 8, 1902. Telephone Number 1. Transit Number 81-448 Officers Directors F. L. Penix_____________-'-President O. B. Armstrong J. L. Parrott O. B. Armstrong_____ Vice President C. E. Harrison F. L. Penix R. 0. Norris_________ Vice President R. 0. Norris Van Smith Van Smith__________ Exec. Vice Pres. & Cashier Calvin Whitlow________ Asst. Cashier Cornelius Adcox_______ Asst. Cashier Walter McDaniel______ Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $ 894,882.86 Capital s t o c k __________$ 35,000.00 U. S. Gov’t obligations_ 307,860.35 Surplus fund __________ 30,000.00 Other bonds and securities 10, 000.00 Undivided p r o fit s ______ 65,755.72 6,789.41 Total capital Furniture and fixtures_ Banking house ________ 2,750.00 accounts_$ 130,755.72 Cash and due fiom banks 267,120.92 1,713.72 Demand d ep o sits_____ 1,155,537.13 Other resources _______ Time deposits _________ 86,221.41 U. S. Gov’t deposits___ 3,462.50 106,449.88 Public funds __________ Deposits of banks______ 8,690.62 Total dep. „$1,360,361.54 Total  $1,491,117.26  Total  $1,491,117.26  TYRONZA BANK, TYRONZA Population 656. Poinsett County Chartered October 1, 1951. Telephone Number 3121. Transit Number 81-770 Officers Directors R. A. Lynch--------------------- President C. M. Beley H. F. Norcross D. F. Wylie_________Vice President John H. Emrich D. F. Wylie Ernestine Sanders__________Cashier R. A. Lynch STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts----- $ 419,586.70 Capital s t o c k __________$ 50,000.00 49,790.63 Surplus f u n d __________ U. S. Gov’t obligations_ 15,000.00 12,900.00 Undivided p r o f it s ______ Other bonds and securities 23,775.73 3,941.68 Reserves ______________ 975.24 Furniture and fixtu res_ 1,076.15 Total capital Banking house ________ accounts_$ 89,750.97 Cash and due from banks 114,634.36 449.81 Other resources -----------Demand deposits ______ 390,590.51 Time deposits _________ 41,310.92 U. S. Gov’t deposits____ 3,491.40 Public funds __________ 77,235.53 Total d e p ._$ 512,628.36 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $ 602,379.33  Total  $ 602,379.33  111  Fortieth Report  CITIZENS BANK AND TRUST COMPANY, VAN BUREN Population 6,413. Chartered December 20, 1910.  Crawford County  Telephone Number 5.  Officers David T. Bryan____________ President Robert W. Geliy______Vice President Frank D. Pape______________ Cashier Duane Brewer_________Asst. Cashier  Transit Number 81-101  Directors David T. Bryan Joe C. McKinney Harry W. Bryan Frank D. Pape Robert W. Geliy  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 155,337.47 U. S. Gov’t obligations_ 1,346,100.00 Other bonds and securities 333,668.81 Banking house ________ 7,500.00 Other real e s ta te ______ 1.00 Cash and due from banks 456,033.93  Liabilities Capital s t o c k __________! Surplus f u n d __________ Undivided p r o fit s ______ Reserves ______________ Total capital accounts_$ 233,214.89  50.000. 00 50.000. 00 114,024.44 19.190.45  Demand deposits ______ 1,542,125 49 Time deposits _________ 378,004.69 22,075.00 U. S. Gov’t deposits___ Public funds __________ 123,221.14 Total dep. __$2,065,426.32 Total _______________ $2,298,641.21  $2,298,641.21  Total  PEOPLES BANK AND TRUST COMPANY, VAN BUREN Population 6,413. Chartered August 12, 1933.  Crawford County  Telephone Number 208.  Officers J. J. Izard________________ President C. E. Izard___________ Vice President Stewart Condren____________ Cashier  Transit Number 81-100  Directors Hal Brown J. J. Izard Dell Miller Stewart Condren Wylie B. Smith C. J. Franklin, Jr. R. C. Rhodes C. E. Izard  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ 390,190.15 907.27 Overdrafts ____________ U. S. Gov’t obligations_ 1,046.608.60 Other bonds and securities 294,459.48 Furniture and fixtures 5,500.00 Banking house ________ 5,000 00 Cash and due from banks 462,726.08  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $2,205,391.58  Liabilities Capital s t o c k __________$ Surplus fund __________ Undivided p r o fit s ______ Total capital accounts_$ 146,278.11  50,000.00 50,000.00 46,278.11  Demand deposits ______ 1,401,042.59 Time deposits _________ 417,737.67 U. S. Gov’t deposits___ 23,018.36 Public funds __________ 217,314.85 Total dep. _.$2,059,113.47 Total  $2,205,391.58  112  State of Arkansas: Bank Department  BANK OF WALDO, WALDO Population 1,491.  Columbia County  Chartered September 2, 1899. Telephone Number 2274. Transit Number 81-265 Officers J. Thurston Howell . President W. S. McKissack Vice President Mary H. Martin _ Cashier  Directors J. Thurston Howell W. S. McKissack Mrs. J. Thurston Howell  STATEMENT OF JUNE 30, 1954 Liabilities Resources _$ Loans and discounts___ $ 269,597.97 Capital stock U. S. Gov’t obligations_ 322,600.39 Surplus fund Other bonds and securities 66,580.40 Undivided profits Furniture and fixtures_ 10.00 Reserves Banking house ______ 400.00 Total capital accounts_$ 65,363.51 Cash and due from banks 152,981.81 Demand deposits Time d ep osits_ U. S. Gov’t deposits___ Public funds Total dep. __$ 748,807.06 Total  _  $ 812,170.57  Total  25,OOO.QO 17,500.00 17,010.19 5,853.32  594,285.68 60,002.18 5,570.83 86,948 37  $ 812,170.57  THE PEOPLES BANK, WALDO Population 1,491. Chartered June 22, 1910.  Columbia County  Telephone Number 3011.  Officers H. A. Fincher____________ President J. E. O’Daniel________Vice President H.'H. Fincher_______________ Cashier R. P. Cla.k____________ Asst. Cashier M. M. Fincher------------- Asst. Cashier  E. G. H. H  F. Fincher L. Fincher A. Fincher H. Fincher  Transit Number 81-266 Directors M. M. Fincher W. 0. Fincher J. E. O’Daniel  STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ $ 805,543.71 Capital s t o c k ___ ___ $ 25,000.00 U. S. Gov’t obligations_ 18,000.00 Surplus fund 50,000.00 Other bonds and securities 110,455.18 Undivided profits 16,125.66 Furniture and fixtures_ Total capital 1.00 Banking house ________ 1.00 accounts_$ 91,125.66 Other real e s ta te _____ 1.00 Cash and due from banks 169,275.89 Demand d e p o s its _ 713,033 70 Time deposits _________ 216,055^.77 U. S. Gov’t deposits___ 14,250.63 Public f u n d s _ 68,812.02 Total dep. _.$1,012,152.12 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,103,277.78  Total  $1,103,277.78  Fortieth Report  113  BANK OF WALDRON, WALDRON Population 1,292. Chartered April 3, 1901.  Scott County  Telephone Number 41.  Officers W. B. Piles_______________President Gene Davidson_______ Vice President M. C. Bird___________ Vice President Claud W. Harrison__________Cashier Mollie E. Center_____ Asst. Cashier O. K. Goodner________ Asst. Cashier  Transit Number 81-239  Directors W. A. Bates W. J. Echols M. C. Bird Claud W. Harrison Mollie E. Center W. B. Piles Gene Davidson John P. Woods Wm. Knox Dozier  STATEMENT OF JUNE 30. 1954 Resources Loans and discounts_____$ Overdrafts_____________ U. S. Gov't obligations_ Other bonds and securities Furniture and fixtures__ Banking house__________ Cash and due from banks Other resources_________  582,581.40 128.07 889,500.00 315,030.63 3,000.00 5,000.00 800,283.27 3,975.00  Liabilities Capital stock_______ $ Surplus f u n d ___________ Undivided p r o fit s -____ Total capital accounts_$ 195,704.69  Demand deposits______ 1,485,019.82 719,517.18 Time d e p o s it s _______ 17,026.78 U. S. Govt deposits___ 180,974.44 Public funds__________ Total dep.__ $2,402,538.22 Other liabilities_______-  T o ta l__________________ $2,599,498.37   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  50,000.00 75,000.00 70,704.69  1,255.46  T o ta l_________________ $2,599,498.37  114  State of Arkansas: Bank Department  MERCHANTS AND PLANTERS BANK, WARREN Population 2,615.  Bradley County  Chartered March 15, 1890. Telephone Number 20. Carl A. L. G. B. C. F. Mrs. Miss  Officers Hollis________ President Moody_________ Vice President Colvin__________Vice President Sisco__________________ Cashier Helen N.Harris__Asst. Cashier Lois Goss________ Asst. Cashier  Transit Number 81-159  Directors G. B. Colvin J. C. Thompson W. R. Warner Carl Hollis Laurence Hurley Albert T. Weiss James K. Martin H. Sidney Wharton A. L. Moody 0. W. Wheless J. E. Stewart  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts____ $1,120,521.46 Overdrafts_____________ 422.20 U. S. Gov’t obligations-_ 728,868.76 Other bonds and securities 596,999.24 Furniture and fixtures_ 14,803.07 Banking house__________ 28,176.38 Cash and due from banks 960,142.39 Other resources________ 3,396.34  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $3,453,329.84  Liabilities Capital stock___________ $ 100,000.00 Surplus fund____________ 100,000.00 90,999.48 Undivided profits_______ Reserves_______________ 8,686.67 Total capital accounts_$ 299,686.15 Demand deposits________ 1,958,677.33 Time deposits___________ 723,586.97 U. S. Gov’t deposits______ 90,570.23 Public funds____________ 380,311.63 Deposits of banks_______ 497.53 Total dep.___$3,153,643.69 Total  $3,453,329.84  Fortieth Report  115  WARREN BANK, WARREN Population 2,615. Bradley County Chartered December 28, 1901. Telephone Number 88. Transit Number 81-160 Officers Directors Louis Ederington__________ President L. H. Derby J. R. Gannaway John T. Ederington___Vice President Louis Ederington F. Martin Hankins J. B. Frazer________ Vice President J. T. Ederington S. B. Meek, Jr. M. C. Singer----- Vice Pres. & Cashier L. W. Ederington M. C. Singer M. S. Thompson------------ Asst. Cashier J. B. Frazer Katie Ruth Campbell___ Asst. Cashier G. C. Sangster_________ Asst. Cashier STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts____ $1,617,820.10 Capital stock___________ $ 75,000.00 Overdrafts ____________ 812.43 Surplus fund____________ 140,000.00 U. S. Gov’t obligations_ 779,434.25 Undivided profits_______ 55,918.86 110,102.08 Other bonds and securities 393,022.69 Reserves_______________ Furniture and fixtures_ 1,789.63 Total capital accounts_$ 381,020.94 Banking house__________ 11,761.60 Other real estate________ 1.00 Cash and due from banks 768,379.69 Demand deposits________ 1,886,592.05 813,933.01 Other resources_________ 4,606.55 Time deposits___________ 87,983.49 U. S. Gov’t deposits____ Public funds____________ 408,098.45 Total dep___$3,196,607.00 Total  $3,577,627.94  Total  $3,577,627.94  BANK OF WEINER, WEINER Population 644. Poinsett County Chartered April 2, 1909. Telephone Number 22. Transit Number 81-456 Officers Directors E. E. Hogue E. E. Hogue______________ President Jessie M. Huber Malcolm C. Hogue H. E. Winters H. E. Winters_Vice Pres. & Cashier John Hogue____________Asst. Casher Marcus Hogue R. A. Ziegenhorn F. R. Huber Juanita Gooch_________Asst. Cashier STATEMENT OF JUNE 30, 1954 Liabilities Resources Loans and discounts------- ! 383,358.19 Capital stock___________ $ 25,000.00 2,682.87 Surplus fund----------------70,000.00 Overdrafts_____________ 726,200.00 Undivided profits_______ U. S. Gov’t obligations— 26,382.51 17,000.00 Reserves----------------------Other bonds and securities 12,290.93 8.954.00 Total capital Furniture and fixtures_ 1.700.00 accounts_$ 133,673.44 Banking house--------------Cash and due from banks 537,716.66 Demand deposits________ 1,399,452.34 Time deposits___________ 51,921.81 U. S. Gov’t deposits____ 475.00 Public funds-----------------59,508.56 Deposits of banks_______ 32,580.57 Total dep___ $1,543,938.28 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,677,611.72  ^otal  $1,677,611.72  116  State of Arkansas: Bank Department  MERCHANTS AND FARMERS BANK, WEST HELENA Population 6,107. Phillips County Chartered October 4, 1948. Telephone Number 5-6624. Transit Number 81-763 Officers Directors Fulton Simpson_____________President James P. Baker J. L. Linder Douglas Simmons__ Exec. Vice Pres. C. L. Harris Jesse Porter S. H. Hurst_________Vice President S. H. Hurst Douglas Simmons Roy B. Warren_______________Cashier E. F. Kalb Fulton Simpson Ella Lewey___________ Asst. Cashier Helen Back___________ Asst. Cashier STATEMENT OF JUNE 30, 1954 Liabilities Resources 50.000. 00 Loans and discounts------- $1,170,338.85 Capital stock___________ I 700.87 Surplus fund___________ Overdrafts_____________ 60.000. 00 293,875.00 Undivided profits_______ U. S. Gov't obligations— 13,421.02 16,000.00 Total capital Other bonds and securities 5,101.61 accounts_$ 123,421.02 Furniture and fixtures— Cash and due from banks 302,385.91 Demand deposits________ 907,781.26 Time deposits___________ 395,826.35 U. S. Gov’t deposits_____ 15,966.98 Public funds____________ 345,406.63 Total dep.__$l,664,981.22 Total  $1,788,402.24  Total  $1,788,402.24  BANK OF WEST MEMPHIS, WEST MEMPHIS Population 9,112. Crittenden County Chartered April 21, 1928. Telephone Number 310. Transit Number 81-695 Officers Directors E. J. White_______________ President O. I. Bollinger Arthur Russell W. H. Hundhausen___ Vice President G. M. Coleman H. E. Thompson H. E. Thompson_____ Vice President H. R. Dabbs F. L. Wells Taylor Claiborne____________ Cashier W. H. Hundhausen E. J. White Kathleen Yokley______ Asst. Cashier A. C. Oliver D. B. Woollard Ruth Manchester______ Asst. Cashier A. C. Parker STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts------- ! 899,968.69 Capital stock___________ $ 100,000.00 U. S. Gov’t obligations— 524,365.50 Surplus fund___________ 100,000.00 Other bonds and securities 203,811.65 Undivided profits_______ 26,121.28 Furniture and fixtures_ 52,000.00 Total capital accounts__$ 226,121.28 Cash and due from banks 652,022.17 Demand deposits________ 1,570,559.18 Time deposits__________ 404,244.25 U. S. Gov’t deposits___ 3,297.47 Public funds____________ 127,945.83 Total dep.___$2,106,046.73 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $2,332,168.01  Total  $2,332,168.01  117  Fortieth Report  MERCHANTS AND PLANTERS BANK, WEST MEMPHIS Population 9,112. Chartered August 5, 1941.  Crittenden County  Telephone Number 250.  Officers J. F. Wheeler_____________ President H. F. Ohlendorf______Vice President W. L. Barbour, Jr._Exec. Vice Pres. Marvin E. Phelps___________ Cashier Roy Strong____________ Asst. Cashier  Transit Number 81-743  Directors W. L. Barbour, Jr. Lawrence P. Primm J. W. Farris J. F. Wheeler H. F. Ohlendorf  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts____ $1,191,089.67 Overdrafts_____________ 26.47 591,551.06 U. S. Gov’t obligations__ Other bonds and securities 172,617.93 Furniture and fixtures_ 18,916.36 Banking house__________ 56,000.00 Cash and due from banks 820,781.16  Liabilities Capital s t o c k - ________$ 50,000.00 100,000.00 Surplus fund___________ Undivided profits_______ 78,271.02 Total capital accounts. _$ 228,271.02 Demand deposits________ 2,019,679.38 Time deposits___________ 300,653.55 U. S. Gov’t deposits____ 36,423.65 249,576.30 Public funds____________ Total dep___ $2,606,332.88 Other liabilities________  Total  $2,850,982.65  Total  16,378.75 $2,850,982.65  RICE GROWERS BANK, WHEATLEY Population 406.  St. Francis County  Chartered September 27, 1909. Telephone Number 771. Transit Number 81-458 Officers H. K. Smith, Jr_________ President Robert Carvell_Vice. Pres. & Cashier Mrs. A. H. Williams___ Asst. Cashier  Robert Carvell Mayme Lyon  Directors H. K. Smith, Jr.  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts------- 1 626,375.56 U. S. Gov’t obligations— 123,670.00 29,450.00 Other bonds and securities 465.00 Furniture and fixtures_ 1.00 Banking house__________ Cash and due from banks 348,040.69  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,128,002.25  Liabilities Capital stock___________ Surplus fund____________ Undivided profits_______ Total capital accounts_$ 157,196.38  25.000. 00 25.000. 00 107,196.38  Demand deposits________ Time deposits___________ Public funds___________ Total dep__ $ 970,805.87  840,054.01 58,916.28 71,835.58  Total  $1,128,002.25  State of Arkansas: Bank Department  118  WILMOT STATE BANK, WILMOT Population 712. Ashley County Chartered October 25, 1937. Telephone Number 3511. Transit Number 81-738 Officers Wm. B. de Yampert_______ President M. C. Crandall________Vice President N. R. Kirkwood_____________ Cashier  Directors M. C. Crandall N. R. Kirkwood Wm. B. de Yampert J. B. Shackelford E. H. Dunning G. B. Stovall  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts _$ 688,725.32 84,531.25 U. S. Gov’t obligations_ 5,042.45 Furniture and fixtures_ 2,916.00 Banking house Cash and due from banks 181,795.87  Liabilities _$ Capital stock _ Surplus fund____________ Undivided profits. Total capital accounts_$ 104,136.34 Demand deposits Time deposits _ U. S. Gov’t deposits Public funds Total dep___ $ 858,874.55  Total  ___  _  $ 963,010.89  Total  _  25.000. 00 75.000. 00 4,136.34  757,402.76 4,500.00 3,721.43 93,250.36  $ 963,010.89  BANK OF WILSON, WILSON Population 1,301. Chartered October 3, 1908.  Mississippi County  Telephone Number 3251.  Officers R. E. L. Wilson, III—Chrm. of Board Benton Garrett___________ President C. J. Lowrance, Jr____ Vice President J. B. Gwyn-------------------------- Cashier Ruth Childs___________Asst. Cashier Gatha Watson________ Asst. Cashier  Transit Number 81-462  Directors J. H. Crain R. H. Robinson C. L. Denton, Jr. R. E. L. Wilson, Jr. Benton Garrett R. E. L. Wilson, III C. J. Lowiance, Jr.  STATEMENT OF JUNE 30, 1954 Resources Liabilities Loans and discounts___ -$1,456,555.56 Capital stock___________ $ 100,000.00 Overdrafts_____________ 6.16 Surplus fund____________ 300,000.00 U. S. Gov’t obligations_ 63,867.60 Undivided profits_______ 45,478.68 Other bonds and securities 97,795.47 Reserves_______________ 2,980.34 Furniture and fixtures_ 6,119.86 Total capital accounts_$ 448,459.02 Banking house__________ 60,000.00 Cash and due from banks 535,483.99 Other resources_________ 509.02 Demand deposits________ 1,049,113.73 Time deposits___________ 387,580.43 U. S. Gov’t deposits_____ 318.75 Public funds____________ 314,865.73 Deposits of banks_______ 20,000.00 Total dep-----$1,771,878.64 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $2,220,337.66  Total  $2,220,337.66  Fortieth Report  119  CROSS COUNTY BANK, WYNNE Population 4,142. Chartered June 5, 1891.  Cross County  Telephone Number 46.  Officers Dave Block______________ President J. W. Lipscomb_____Exec. Vice Pres. H. K. Barwick, Jr____ Vice President Wallace Eldridge___________ Cashier A. B. Pool_____________ Asst. Cashier  Transit Number 81-151  Directors H. K. Barwick, Jr.J. H. Johnston, Jr. Dave Block J. W. Lipscomb David Drexler W. W. Shaver, Jr. J. C. Hilliard H. Steinberg  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts_____$1,324,778.70 Overdrafts_____________ 19.42 U. S. Gov’t obligations_ 165,000.00 Other bonds and securities 317,317.75 Furniture and fixtures_ 1,000.00 Banking house__________ 25,000.00 Cash and due from banks 503,129.26  T o ta l__________________ $2,336,245.13  Liabilities Capital stock___________ $ 50,000.00 Surplus fund______________100,000.00 Undivided profits_______ 117,468.33 Total capital accounts_$ 267,468.33 Demand deposits________ 1,736,222.82 Time deposits___________ 104,987.97 U. S. Gov’t deposits_____ 16,459.10 Public funds____________ 211,106.91 Total dep.___$2,068,776.80 T o ta l__________________ $2,336,245.13  THE BANK OF YELLVILLE, YELLVILLE Population 697.  Marion County  Chartered December 13, 1945. Telephone Number 2501. Transit Number 81-753 Officers Park Gaines______________ President H. A. Burnes________ Vice President Lon W. Berry_______ Vice President Bernice Berry______________ Cashier Wynona Willingham__ Asst. Cashier  Bernice Berry Lon W. Berry H. A. Burnes  Directors George N. Cavaness Park Gaines Wynona Willingham  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts____ ! Overdrafts ____________ U. S. Gov’t obligations_ Other bonds and securities Furniture and fixtures_ Cash and due from banks  322,401.37 90.94 367,921.88 121,045.54 1,250.00 188,072.70  Liabilities Capital stock___________ $ Surplus fund___________ Undivided profits_______ Total capital accounts_$ 110,784.75 Demand deposits________ Public funds____________ Total dep___ $ 889,997.68  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,000,782.43  Total  25,000.00 75,000.00 10,784.75  740,114.28 149,883.40  $1,000,782.43  120  State of Arkansas: Bank Department  CONSOLIDATED STATEMENT OF CONDITION OF THE THREE COOPERATIVE EXCHANGES OPERATING IN ARKANSAS AS OF JUNE 30, 1954 Resources Loans and discounts _________________________________ $ 11,163.46 Overdrafts __________________________________________ 23.50 U. S. Government obligations ________________________ 38,131.75 Furniture and fixtu res________________________________ 175.0Q Cash and due from ban k s_____________________________ 115,890.18 Other resources ______________________________________ 1,297.45 Total R esources__________________________________$ 166,681.34 Liabilities Capital s t o c k _____________________________________$ Surplus and undivided p r o fits ________________________ Deposits ______________________________________________ Other liabilities______________________________________  5,380.00 9,161.45 152,125.79 14.10  Total Liabilities _____________________________________ $ 166,681.34   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  121  Fortieth Report  THE FIRST COMPANY, BLACK ROCK Population 662.  Lawrence County  Telephone Number TR 8-6351 Officers -President J. F. Sloan_— _ Dr. E. J. Cruse________Vice President Henry L. Clark__________..Manager  Directors C. H. Smith Dr. E. J. Cruse J. E. Krone J. H. Myers J. F. Sloan  STATEMENT OF JUNE 30, 1954 Resources Cash and due from banks $ Other resources ________  Total _______________ $  4,901.03 1,297.45  6,198.48  Liabilities Capital stock -$ Undivided p r o fit s ____ Total capital accounts_$ 6,187.09  2,480.00 3,707.09  Other liabilities_______  11.39  Total ______________  6,198.48  THE HARDY EXCHANGE, HARDY Population 599.  Sharp County  Telephone Number 2264 Officers Claude Finch______________ President R. A. Jackson_______Vice President T. W. Walker______________ Cashier  Claude Finch R. A. Jackson  Directors T. W. Walker  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ U. S. Gov’t obligations Furniture and fixtu res Cash and due from banks  4,199.15 18,587.20 175.00 55,351.05  Liabilities Capital s t o c k --------------- $ Undivided p r o fit s ______ Total capital accounts—$ 4,529.11 Demand deposits ______ Public funds __________ Total d e p ._$ 73,783.29  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $  78,312.40  Total  2,500.00 2,029.11  56,398.08 17,385.21  $  78,312.40  122  State of Arkansas: Bank Department  WILMAR EXCHANGE COMPANY, WILMAR Population 746.  Drew County  Telephone Number 28 Officers E. A. Oslin______________President Louin McKinstry---------Vice President R. A. McKinstry___________ Cashier Mrs. R. A. McKinstry__ Asst. Cashier  Directors James Daniel Louin McKinstry R. A. McKinstry  E. A. Oslin C. T. Sims  STATEMENT OF JUNE 30, 1954 Resources Loans and discounts___ $ ___ O v e rd ra fts _ U. S. Gov’t obligations_ Cash and due from banks  Total _______________ $   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  6,964.31 23.50 19,544.55 55,638.10  82,170.46  Liabilities Capital stock __________ $ Undivided p r o fit s ____ R e se r v e s ___ ________ Total capital accounts_$ 3,825.25  400.00 625.25 2,800.00  Demand deposits _____ Public funds __________ Total d e p ._$ 78,342.50*  73,378.46 4,964.04  Other liabilities ________  2.71  Total ________ __  ___$  82,170.46  Fortieth Report  REPORT OF BUILDING AND LOAN DIVISION AND SECURITIES DIVISION   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  123  124  State of Arkansas: Bank Department  BUILDING AND LOAN DIVISION December 31, 1953  Statement of eight active state chartered Building and Loan Associations, compiled from annual reports rendered the Arkansas State Bank Department as of December 31, 1953. List o f four voluntary liquidating Building and Loan Associa­ tions as of December 31, 1953. Two newly chartered Associations are: Security Savings and Loan Association Camden, Arkansas Charter dated September 21, 1953. First State Savings and Loan Association Harrison, Arkansas Charter dated May 28, 1954. Two chartered inactive Associations are: Dixie Savings and Loan Association W est Memphis, Arkansas Charter dated June 2, 1953. First State Savings and Loan Association W est Memphis, Arkansas Charter dated January 5, 1953.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Fortieth Report  125  COMBINED STATEMENT OF THE EIGHT ACTIVE STATE CHARTERED BUILDING AND LOAN ASSOCIATIONS AS OF DECEMBER 31, 1953 Assets Real Estate Loans __________________________________________ $12,982,030.63 Share L o a n s _________________________________________________ 132,034.12 United States Government Obligations________________________ 683,010.00 Other Securities ____________________________________________ 208,001.00 Cash on Hand and in B an k s_________________________________ 976,511.86 Other Assets _______________________________________________ 20,953.30 Furniture and F ixtu res______________________________________ 11,869.93 Contracts of S a le ___________________________________________ 1,890.58 Office Buildings_____________________________________________ 13,544.91 Total A s s e ts ____________________________________________ $15,029,846.33 Liabilities Shares_______________________________________________________ $12,717,372.26 Other Liabilities_____________________________________________ 151,049.99 Reserves ____________________________________________________ 1,008,323.02 327,714.67 Undivided Profits -----------------------------------------------1____________ Advances from Federal.Home Loan B a n k _____________________ 582,750.00 Dividends Payable __________________________________________ 12,351.75 Loans in Process ___________________________________________ 136,385.86 Notes Payable ----------------------------------------------------------------------24,898.78 69,000.00 Permanent Guaranty S tock ___________________________________ Total Liabilities_________________________________________ $15,029,846.33   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  126  State of Arkansas: Bank Department  FAYETTEVILLE BUILDING AND LOAN ASSOCIATION FAYETTEVILLE, WASHINGTON COUNTY, ARKANSAS December 31, 1953 Officers  Directors  W. P. McNair, Jr___________ President H. E. Cravens H. E. Cravens________Vice President David McNair David McNair__ Secretary-Treasurer W. P. McNair, Jr. H. L. Pearson_______________Attorney Roy A. Adams Maxine Atha_________ Asst-Secretary  W. L. Pearson W. C. Smith F. Fenner Stice  Liabilities  Assets Real estate lo a n s _____ $2,993,656.70 Share loans ___________ 3,000.00 U. S. Gov’t obligations_ 190,000.00 Other securities _______ 48,100.00 Cash on hand and in banks 290,039.50 Furniture and fixtures __ 1.00 Other assets __________ 1.00  Shares ________________ $3,295,248.35 Other liabilities _______ 363.52 Reserves ______________ 207,654.49 Undivided p r o fits __________________ 21,531.84  $3,524,798.20  $3,524,798.20  FORREST CITY SAVINGS AND LOAN ASSOCIATION FORREST CITY, ST. FRANCIS COUNTY, ARKANSAS December 31, 1953 Officers  Directors  Ed Ash___________________President W. E. Stevens________Vice President C. W. Norton______________Secretary  A. L. Harris W. J. Clanton C. W. Norton  Liabilities  Assets Real estate lo a n s _____ ! Share loans ___________ U. S. Gov’t obligations — Other securities _______ Furniture and fixtures_ Cash on hand and in banks Other assets __________   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Ed Ash John C. Bowen W. E. Stevens  658,395.17 6,736.36 15,000.00 9,000.00 977.31 60,063.15 226.46  $ 750,398.45  Shares ________________ I Advances from FHL bank Other liabilities________ Dividends p a y a b le _____ Reserves ______________ Undivided p r o fits ______  651,068.24 40,000.00 291.23 12,351.75 25,082.71 21,604.52  $ 750,398.45  Fortieth Report  127  UNITED BUILDING AND LOAN ASSOCIATION FORT SMITH, SEBASTIAN COUNTY, ARKANSAS December 31, 1953 Officers  Directors  F. W. Dyke----------------------President C. C. Davis------------------ Vice President R. A. DeLong— Secretary-Treasurer Heartsill Ragon____________ Attorney  W. V. Boatright R. B. Cutting C. C. Davis R. A. DeLong A. R. Noe  Dr. Ralph Crigler F. W. Dyke R. J. Ross R. A. Young  Assets  Liabilities  Real estate lo a n s ______$5,168,359.49 Share loans ___________ 52,249.00 U. S. Gov’t obligations __ 306,610.00 86,300.00 Other securities________ Furniture and fixtu res_ 5,087.82 Cash on hand and in banks 416,116.67 3,121.87 Other assets __________  Shares ------------------------- $5,042,551.24 Advances from FHL bank 450,000.00 Other liabilities _______ 78,674.35 Loans in p r o c e s s ______ 100,409.59 Reserves ______________ 333,236.49 Undivided p r o fit s ______ 32,973.18  $6,037,844.85  $6,037,844.85  JONESBORO BUILDING AND LOAN ASSOCIATION JONESBORO, CRAIGHEAD COUNTY, ARKANSAS December 31, 1953 Officers E. L. Westbrooke. J. H. Little, Jr._. J. C. Westbrooke. Roy Sigler----------  Directors  _____ President .Vice President _____ Secretary _____ Attorney  Roy Sigler E. L. Westbrooke F. J. Gregson  Liabilities  Assets 253,514.69 1,282.11 1.00 7,500.00 8,004.32 12,547.88  Shares ________________ $ 183,387.40 Other liabilities________ 44,563.82 24,898.78 Notes p a y a b le_________ Reserves ______________ 30,000.00  $ 282,850.00  $ 282,850.00  Real estate lo a n s ______! Contracts of s a le ______ Furniture and fixtu res_ Office b u ild in g________ Cash on hand and in banks Other assets __________   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  J. B. Hinson W. R. Weaver J. C. Westbrooke J. H. Little, Jr.  128  State of Arkansas: Bank Department  PEOPLES BUILDING AND LOAN ASSOCIATION LITTLE ROCK, PULASKI COUNTY, ARKANSAS December 31, 1953 Officers  Directors  W. W. Finch__________Pres. & Secy. Claiboume W. Conway_Vice President Carl Hollis_Vice Pres. & Chmn. Board W. C. Thomas______ Vice President Treas. & Asst. Secy. Pearl Hinkle________ Asst. Secretary  W. W. Finch Robert C. Bird Carl Hollis Claiboume W. Conway W. C. Thomas  Assets  Liabilities  Real estate loa n s_______ $2,252,228.37 Share lo a n s ____________ 52,022.76 U. S. Gov’t obligations_ 100,000.00 Other securities________ 35,000.00 Furniture and fixtu res_ 2,700.00 608.47 Contracts of s a l e _____ Cash on hand and in banks 42,864.36  Shares___________ $2,160,036.32 Advances from FHL bank 65,000.00 Other liabilities__ 1,304.94 Loans in process__ 27,452.82 Reserves_________ 205,000.00 Undivided p r o fit s ______ 26,629.88  $2,485,423.96  $2,485,423.96  ARGENTA BUILDING AND DOAN ASSOCIATION NORTH LITTLE ROCK, PULASKI COUNTY, ARKANSAS December 31, 1953 Officers  Directors  Lee Miles________ President-Attorney Joe W. Pugh, Jr._Vice Pres. & Treas. Solon Humphreys___ Mgr.-Secretary Berah Eason_____Cash. & Bookkeeper Mrs. M. L. Spradlin___ Stenographer  Mrs. Lucy P. Humphreys Solon Humphreys Lee Miles Joe. W. Pugh, Jr  Assets  Liabilities  Real Estate lo a n s _____ $ 469,968.13 Share loa n s____________ 57.72 U. S. Gov’t obligations— 57,400.00 Other securities________ 14,101.00 Cash on hand and in banks 55,299.48 Other a ss e ts ___________ 3.00  Shares ________________ $ 285,394.44 Other liabilities________ 19,720.01 Reserves_______________ 162,972.00 Undivided p r o f it s ______ 128,742.88  $ 596,829.33  $ 596,829.33   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Fortieth Report  129  GUARANTY SAYINGS AND LOAN ASSOCIATION PINE BLUFF, JEFFERSON COUNTY, ARKANSAS December 31, 1953 Officers  Directors  C. S. McNew, Jr__________ President J. W. Bellamy, Jr____ Vice President Glenn A. Railsback_Secretary-Treas. Bettye Dorris___ Assistant Secretary Jay W. Dickey_____________ Attorney  C. S. McNew, Jr. Jay W. Dickey J. W. Bellamy, Jr. J. Richard Pierce Glenn A. Railsback  Assets  Liabilities  Real estate lo a n s ______$ 623,663.56 Share loan s____________ 7,041.32 Other securities _______ 4,600.00 Furniture and fixtu res_ 3,102.80 Cash on hand and in banks 81,503.14 4,844.91 Office building_________ Other a ssets___________ 626.88  Shares ________________ $ 704,563.10 Loans in process________ 8,523.45 6,177.33 Reserves_______________ Other liabilities________ 6,118.73  $ 725,382.61  $ 725,382.61  WARREN BUILDING AND LOAN ASSOCIATION WARREN, BRADLEY COUNTY, ARKANSAS December 31, 1953 Officers  Directors  J. R. Ganaway____________ President Louis Ederington______Vice President Byron L. Herring V. Pres., Sec.-Treas. B. Ball___________________ Attorney  Louis Ederington Byron L. Herring J. R. Ganaway  N. R. Herring J. B. Fraser  Assets  Liabilities  Real estate lo a n s ______$ 562,244.52 Share loans ___________ 10,926.96 U. S. Gov’t obligations_ 14,000.00 10,900.00 Other securities________ Office b u ild in g-----------1,200.00 Cash on hand and in banks 22,621.24 Other assets __________ 4,426.21  Shares ________________ $ 395.123.17 Advances from FHL bank 27,750.00 Other liabilities_ 13.39 Permant guaranty stock 69,000.00 38,200.00 Reserves ______________ Undivided p r o fit s _______ 96,232.37  $ 626,318.93  $ 626,318.93   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  130  State of Arkansas: Bank Department  LIST OF VOLUNTARY LIQUIDATING STATE CHARTERED BUILDING AND LOAN ASSOCIATIONS IN ARKANSAS AS OF DECEMBER 31, 1953 Leader Building and Loan Association__________________ Little Prudential Building and Loan Association_______________ Little Equitable Building and Loan Association________________ Little Young Men’s Building and Loan Association_____________ Little   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Rock Rock Rock Rock  Fortieth Report  SECURITIES DIVISION   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  June 30, 1954  *  * *  *  131  132  State of Arkansas: Bank Department  SUPERVISED LOAN COMPANIES UNDER ACT 397 OF 1947 June 30, 1954 Union Investment Co., Inc----------------------Standard Finance Co------------------------------Utley & Co., Inc------------------------------------Peoples Co., Inc--------------------------------------Arkansas Acceptance Co------------------------Helena Industrial Loan Corp____________ Home Finance System. Inc----------------------Hope Finance Co_____________________ The Peoples Loan & Investment Co_____ Arkansas Investment Co------------------------General Contract Corp___________________ Atlas Finance Co_______________________ Central Loan & Investment Co__________ General Contract Corp___________________ Liberty Loan & Realty Co._______________ Murdock Acceptance Corp----------------------United Loan & Investment Co___________ James L. Lucas Co_____________________ Peerless Thrift & Loan Co______________ Peoples Loan & Investment Co., Inc_____ Union Industrial Loan Corp_____________ Delta Loan & Finance Co_______________ Charles J. Upton Loan & Real Estate Co.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  _E1 Dorado, Ark. -Fayetteville, Ark. -Fayetteville, Ark. -Fort Smith, Ark. -Harrison, Ark. -Helena, Ark. -Helena, Aik. -Hope, Ark. -Hope, Ark. -H ot Springs, Ark. -Jonesboro, Ark. -Little Rock, Ark. -Little Rock, Ark. -Little Rock, Ark. - Little Rock, Ark. -Little Rock, Ark. -Little Rock, Ark. -Magnolia, Ark. _ Morrilton, Ark. _ Mount Ida, Ark. -North Little Rock, Ark. -Pocahontas, Ark. -W est Memphis, Ark.  Fortieth Report  133  MORTGAGE LOAN COMPANIES UNDER ACT 397 OF 1947 June 30, 1954 H. A. Crabb & Co., Inc__________________________ Arkadelphia, Arkansas Houston, Texas David Investment Co____________________________ Blytheville, Arkansas Logan Finance Corporation____________________ Blytheville, Arkansas Home Improvement Financing Corporation______Fort Smith, Arkansas Washington, D. C. Republic Mortgage Co., Inc_____________________Fort Smith, Arkansas Block Mortgage Company, Inc------------------------- Little Rock, Arkansas Cherokee Mortgage & Investment Co__________ Little Rock, Arkansas Shreveport, Louisiana Jack Collier East Co., Inc.___________________ ^Little Rock, Arkansas Mainland Mortgage Co.________________________ Little Rock, Arkansas Houston, Texas Republic Mortgage Co., Inc.____________________ Little Rock, Arkansas Roberts Mortgage Co., Inc_____________________Little Rock, Arkansas Wichita, Kansas Julian J. Rothbaum & Co., Inc.__________________ Little Rock, Arkansas Tulsa, Oklahoma William E. Terry & Co., Inc__________________ Little Rock, Arkansas Texas State Mortgage Co_______________________ Little Rock, Arkansas Houston, Texas Home Loans, Inc_______________________________ North Little Rock, Ark. Republic Mortgage Co., Inc_____________________Texarkana, Arkansas Guaranty Loan & Real Estate Co---------------------- West Memphis, Arkansas   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  134  State of Arkansas: Bank Department  COMBINED STATEMENT OF RESOURCES AND LIABILITIES OF SIX INDUSTRIAL LOAN INSTITUTIONS OPERATING UNDER ACT 111 OF 1941 June 30, 1954 Assets L oa n s--------------------------------------------------------------------------------------- $1,607,989.31 Cash and due from banks_______________________________________ 168,745.15 Bonds and securities.__________________________________________ 264,266.50 Other assets _______ 1___________________________________________ 41,773.72 Total A ssets_______________________________________________ $2,082,774.68 Liabilities Capital________________________________________________________ $ Notes p aya b le_________________________________________________ Surplus______________________________________________________ Unearned discount____________________________________________ Reserves_____________________________________,_________________ Debentures_________________________________ Certificates___________________________________________________ Other liabilities________________________________________________ Total Liabilities   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  492,975.00 602,023.25 398,629.99 2,220.64 55,328.26 80,900.00 419,958.38 30,739.16  $2,082,774.68  Fortieth Report  135  COMMERCIAL CREDIT PLAN, INC. FORT SMITH, ARKANSAS June 30, 1954 Officers H. A. Cherry J. F. Ireton . S. M. Chesney K. F. Turner _  .President .Secretary Treasurer -Manager Liabilities  Assets L o a n s _________________ $ Cash and due from banks Bonds and securities_____  59,852.98 17,835.39 99,906.25  C apital________________ $ 100,000.00 Surplus________________ 17,078.45 Unearned discount_______ 1,305.49 Notes payable__________ 22,404.83 Reserved for bad debts__ 360.39 Certificates____________ 35,263.98 1,181.48 Other liabilities_________  Total assets____________ $ 177,594.62  Total liabilities__________$ 177,594.62  PEOPLES LOAN AND INVESTMENT COMPANY FORT SMITH, ARKANSAS June 30, 1954 Officers R. A. Young, Sr. W. A. Needham R. C. Helvie Mary C. S im s_ C. E. Sartain  ---------------President ____ Vice President Secretary Manager _________ Treasurer _____Loan Manager  Assets  Liabilities  Loans _________________ $ 691,763.31 Cash and. due from banks 89,553.66 Other assets____________ 22,929.31  Total assets.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $ 804,246.28  C apital________________ $ 92,975.00 Surplus _______________ 83,279.16 Debentures_____________ 80,900.00 Notes payable__________ 365,000.00 Thrift certificates_______ 149,283.00 Reserves_______________ 31,720.94 Other liabilities_________ 1,088.18 Total liabilities.  $ 804,246.28  State of Arkansas: Bank Department  136  COMMERCIAL CREDIT PLAN, INC. JONESBORO, ARKANSAS June 30, 1954 Officers H. A. Cherry J. F. Ireton __ S. M. Chesney M. S. Crawley  -President -Secretary Treasurer ..Manager Liabilities  Assets Loans _________________ $ Bonds and securities------Cash and due from banks Other assets______________  Total assets  8,517.52 99,906.25 4,010.57 14,057.97  $ 126,492.31  C apital________________ $ 100,000.00 19,189.91 Surplus________________ Unearned discount_______ 131.31 Reserved for bad debts__ 115.54 5,013.42 Certificates____________ Other liabilities________ 2,042.13 Total liabilities__________$ 126,492.31  COMMERCIAL CREDIT PLAN, INC. LITTLE ROCK, ARKANSAS June 30, 1954 Officers H. A. Cherry J. F. Ireton S. M. Chesney R. L. Pledger  .President -Secretary .Treasurer ..Manager  Assets  Liabilities  Loans ________________ $ Bonds and securities____ Cash and due from banks  Total a s s e t s .___   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  47,500.56 64,454.00 18,504.63  _ $ 130,459.19  Capital _______ _ - $ Surplus Notes payable- _______ Unearned discount _ Reserve for bad debts- — Certificates_____ _ Other liabilities- _ _ _ Total liabilities _  50,000.00 14,724.49 34,618.42 783.84 422.17 28,765.98 1,144.29 130,459.19  Fortieth Report  137  NATIONAL CREDIT CORPORATION PINE BLUFF, ARKANSAS June 30, 1954 Officers  N. J. V. D. C. A. C. S.  Gantt, Jr. _ W ebb _____ D a vies___ McNew, Jr.  ------------- President ____ Vice President Secretary-Manager _________Treasurer Liabilities  Assets Loans _________________ $ 537,509.22 Cash and due from banks 30,147.91 Other a ssets___________ 3,477.56  Total assets__________$ 571,134.69  C apital________________ $ Surplus________________ Notes payable__________ Investment certificates_ Reserve for bad debts__ Other liabilities________  100,000.00 117,665.55 105,000.00 200,500.84 22,709.22 25,259.08  Total liabilities_______ $ 571,134.69  MORGAN PLAN COMPANY TEXARKANA, ARKANSAS June 30, 1954 Officers F. E. W ils o n ___ S. H. A tkinson__ Edwin D. McDaniel  __________President ____ Vice President Secretary-Treasurer & Manager  Assets  Liabilities  Loans _________________ $ 262,845.72 Cash and due from banks 8,692.99 Other a ssets___________ 1,308.88  C apital________________ $ 50,000.00 Surplus________________ 146,692.43 75,000.00 Notes payable__________ Investment certificates_ 1,131.16 24.00 Other liabilities________  Total assets   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $ 272,847.59  Total liabilities  $ 272,847.59  138  State of Arkansas: Bank Department  COMBINED STATEMENT OF ASSETS AND LIABILITIES THIRTY CREDIT UNIONS OF ARKANSAS AS OF DECEMBER 31 , 1953 Assets L oans-------------------------------------------------------------------------- $ 946,957.81 Bonds and Securities _________________________________ 275,593.43 Cash on Hand and in B an k s___________________________ 150,957.88 Other A s s e ts _________________________________________ 54,790.61 TOTAL A S S E T S _________________________________ $1,428,299.73 Liabilities Shares _________ Notes Payable Guaranty Fund Undivided Profits Other Liabilities . TOTAL LIABILITIES Total approximate number of members 8,314   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,306,892.01 7,060.39 49,284.86 44,450.58 20,611.89 $1,428,299.73  Fortieth Report  139  WILLIAMS ROOFING EMPLOYEES CREDIT UNION CAMDEN, ARKANSAS December 31, 1953 Assets  Liabilities  L o a n s _________________ : Cash on hand and in banks  5,192.10 231.15  Total assets--------------- $  5,423.25  Shares_________ Guaranty fund Undivided profits Total liabilities______$  5,353.11 60.92 9.22 5,423.25  Approximate number of members 109  LION OIL CO-OPERATIVE SAVINGS & CREDIT ASSOCIATION EL DORADO, ARKANSAS December 31, 1953 Assets  Liabilities  L o a n s _________________ $ 109,324.80 Bonds and securities___ 119,830.00 Cash on hand and in banks 42,567.63 Other a ssets_____________ 30,763.86 Total assets__________$ 302,486.29  Shares_________________ $ 278,676.57 Guaranty fund ________ 7,940.90 Undivided p r o fit s ______ 5,239.18 Notes payable__________ 6,914.74 Other liabilities________ 3,714.90 Total liabilities______$ 302,486.29  Approximate number of members 1052  PAN AM EL DORADO EMPLOYEES CREDIT UNION EL DORADO, ARKANSAS December 31, 1953 Assets  Liabilities  Loans _________________ ! Cash on hand and in banks Other assets ___________  11,504.04 390.65 258.93  Total assets ------------------$  12,153.62  Shares__________ Guaranty fu n d _ Undivided profits Other liabilities _ Total lia b ilitie s ______ $  Approximate number of members 229   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  10,537.80 476.51 694.40 444.91 12,153.62  140  State of Arkansas: Bank Department  ARKANSAS WESTERN EMPLOYEES CREDIT UNION FAYETTEVILLE, ARKANSAS December 31, 1953 Liabilities  Assets L o a n s _________________ I Bonds and securities___ Cash and due from banks Other a ss e ts ___________  39,288.59 9,812.90 4,249.82 10,000.00  Shares__________ Guaranty fu n d _ Undivided profits Other liabilities _  58,710.00 1,885.92 1,840.48 914.91  Total assets ___________ $  63,351.31  Total liabilities_________$  63,351.31  Approximate number of members 125  GURDON-MISSOURI PACIFIC EMPLOYEES CREDIT UNION GURDON, ARKANSAS Permit August 5, 1952 (Inactive)  HOT SPRINGS FEDERAL EMPLOYEES CREDIT UNION HOT SPRINGS, ARKANSAS December 31, 1953 Assets  Liabilities  L o a n s _________________ : Bonds and securities___ Cash on hand and in banks Other assets ___________  58,138.90 1,500.00 8,583.72 7,759.56  Shares__________ Guaranty fund Undivided profits  72,021.63 1,732.10 2,228.45  Total assets____________ $  75,982.18  Total liabilities_  75,982.18  Approximate number of members 333  MAJESTIC HOTEL CREDIT UNION HOT SPRINGS, ARKANSAS December 31, 1953 Liabilities  Assets L oans_____________________$11,685.70 Cash on hand and in banks 8,879.50 Other a ss e ts___________ 12.50  Shares ________________ $ Guaranty fu n d _________ Undivided p rofits_______  19,570.08 415.00 592.62  Total assets____________ $  Total liabilities_  20,577.70  20,577.70  Approximate number of members 113  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Fortieth Report  141  AGRICULTURAL EXTENSION WORKERS’ CREDIT UNION LITTLE ROCK, ARK ANSAS  December 31, 1953 Assets  Liabilities  Loans _________________ Bonds and securities_____ Cash on hand and in banks  62,462.72 1,850.00 6,670.14  Shares_________ Guaranty fund Undivided profits Other liabilities .  65,396.64 2,238.45 3,323.77 24.00  Total assets  70,982.86  Total liabilities_________$  70,982.86  ____ $  Approximate number of members 198  ARKANSAS DEMOCRAT CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1953 Assets  Liabilities  Loans _________________ $ Bonds and securities_____ Cash on hand and in banks  769.60 30,269.66 4,472.53  Shares_________ Guaranty fu n d __ Undivided profits  32,264.91 1,876.18 1,370.70  Total assets  35,511.79  Total liabilities  35,511.79  Approximate number of members 126  ARKANSAS MAID CREDIT UNION ‘ LITTLE ROCK, ARKANSAS Permit January 19, 1953 (Inactive)  ARKLAGAS CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1953 Assets  Liabilities  Loans _________________ $ Bonds and securities_____ Cash on hand and in banks Other a ssets___________  58,603.81 3,552.64 4,356.65 2,930.91  Shares __________ Guaranty fu n d _ Undivided profits Other liabilities _  63,486.91 2,139.45 3,781.07 36.58  Total assets____________ $  69,444.01  Total liabilities_________ $  69,444.01  Approximate number of members 277   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  142  State of Arkansas: Bank Department  CAPITOL CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1953 Assets  Liabilities  L o a n s _________________ : Bonds and securities___ Cash and due from banks  512.00 46,131.95 1,234.93  Shares__________ Guaranty fund Undivided profits  46,516.40 961.02 401.46  ____ $  47,878.88  Total liabilities--------------$  47,878.88  Total assets  Approximate number of members 258  DEPARTMENT OF LABOR CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1953 Liabilities  Assets L o a n s -------------------------- $ Bonds and securities____ Cash on hand and in banks Other assets -----------------  19,609.64 370.00 9,323.53 767.42  Shares_________ Notes payable__ Guaranty fund Undivided profits  28,194.03 65.05 1,075.13 736.38  Total assets  30,070.59  Total liabilities________$  30,070.59  Approximate number of members 186  ENGINEERS CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1953 Assets  Liabilities  L o a n s _________________ ! Bonds and securities____ Cash on hand and in banks Other a ssets___________  28,598.42 10,000.00 4,189.30 .59  Shares ________ Guaranty fund Undivided profits  39,177.87 1,624.85 1,985.59  Total a sse ts_____________$  42,788.31  Total lia b ilitie s ________ $  42,788.31  Approximate number o f members 287   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Fortieth Report  143  FEDERATION CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1953 Assets  Liabilities  Loans _________________ Bonds and securities___ Cash on hand and in banks  58,630.01 3,745.00 2,039.80  Shares_________ Guaranty fund Undivided profits Other liabilities .  51,789.18 3,688.64 541.31 8,395.68  Total assets  64,414.81  Total liabilities_________$  64,414.81  ------- $  Approximate number of members 325  FRANKE’S CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1953 Assets  Liabilities  Loans _ _ — _ ___ $ Cash on hand and in banks  3,237.81 2,342.50  Shares _ _ _______ Guaranty fu n d ________ Undivided profits _ ____  4,765.27 714.17 100.87  Total assets _  5,580.31  Total liabilities_- ___ -$  5,580.31  __ ______ $  Approximate number of members 135  GAZETTE EMPLOYEES’ CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1953 Assets  Liabilities  L o a n s ________- ________ ! Bonds and securities_____ Cash on hand and in banks $  Total assets  1,453.14 3,200.00 321.07  Shares_________ Guaranty fu n d __ Undivided profits  4,350.52 564.01 59.68  4,974.21  Total liabilities  4,974.21  Approximate number of members 55   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  144  State of Arkansas: Bank Department  KEMBA LITTLE ROCK CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1953 Liabilities  Assets L o a n s _________________ ! Bonds and securities____ Cash on hand and in banks  41,632.94 12,480.00 4,712.34  Shares__________ Guaranty fund Undivided profits  49,281.93 4,186.10 5,357.25  Total assets____________ $  58,825.28  Total liabilities_  58,825.28  Approximate number of members 264  LITTLE ROCK CITY EMPLOYEES’ CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1953 Liabilities  Assets L o a n s __________ _______ ! Cash on hand and in banks Other a ss e ts ___________  2,405.84 77.81 102.29  Shares_______ Guaranty fund Other liabilities  2,246.49 25.50 313.95  Total assets____________ $  2,585.94  Total liabilities __  2,585.94  Approximate number of members 85  LITTLE ROCK MUNICIPAL WATER WORKS EMPLOYEES’ CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1953 Assets  Liabilities  L o a n s _________________ $ Bonds and securities___ Cash on hand and in banks  3,020.25 3,200.00 1,569.74  Shares_________________ $ Guaranty fu n d _________ Undivided p rofits_______ Other liabilities________  5,158.54 353.92 14.43 2,263.10  Total a sse ts _____________$  7,789.99  Total lia b ilitie s ________ $  7,789.99  Approximate number o f members 64   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Fortieth Report  145  LITTLE ROCK POSTAL CREDIT UNIOIN LITTLE ROCK, ARK ANSAS  December 31, 1953 Assets Loans _________________ ! Bonds and securities____ Cash on hand and in banks  Liabilities 88,763.77 Shares_________________ $ 4,690.00 Guaranty fu n d __________ 10,631.11 Undivided p rofits________ Other liabilities_________  Total assets____________ $ 104,084.88  Total liabilities__  87,537.95 7,797.57 4,477.53 4,271.83 104,084.88  Approximate number of members 427  SOUTHWEST HOTELS CREDIT ASSOCIATION LITTLE ROCK, ARKANSAS December 31, 1953 Liabilities  A ssets  L o a n s _________________ $ Bonds and securities-----Cash on hand and in banks Other assets------------------  25,220.34 11,800.00 12,013.87 27.80  Shares ________________ $ Guaranty fu n d _________ Undivided p ro fits_______  45,748.37 1,754.00 1,559.64  “Total assets____________ $  49,062.01  Total liabilities_________ $  49,062.01  Approximate number of members 317  STATE CENTRAL CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1953 Liabilities  A ssets  Xoans _________________ ! Bonds and securities------Cash on hand and in banks Other assets — ------------  6,005.82 1,000.00 1,329.30  T otal a s s e ts _____________$  8,336.12   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Shares ________ Guaranty fund Undivided profits  7,812.57 198.67 324.88  Total liabilities _  8,336.12  1.00  Approximate number o f members 64  146  State of Arkansas: Bank Department  TELCOE CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1953 Assets  Liabilities  L o a n s _________________ : Bonds and securities___ Cash on hand and in banks Other assets ___________  89,907.67 646.28 7,851.68 819.17  Shares_________ Guaranty fund Undivided profits Other liabilities .  93,889.02 1,457.96 3,680.92 196.90  Total assets____________ $  99,224.80  Total liabilities_  99,224.80  Approximate number of members 958  U. D. CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1953 Assets  Liabilities  Loans -------------------------- $ Cash on hand and in banks  11,706.39 1,046.67  Shares_________ Notes payable__ Guaranty fund __ Undivided profits  12,246.59 1.80 143.33 361.34  Total assets____________ $  12,753.06  Total liabilitities  12,753.06  Approximate number of members 180  U. S. TIME EMPLOYEES’ CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1953 Assets  Liabilities  Loans _________________ Cash on hand and in banks Other a ss e ts ___________  59,013.06 652.20 132.50  Shares_________ Notes payable__ Guaranty fund Undivided profits  57,639.68 78.80 638.08 1,441.20  Total assets  59,797.76  Total liabilities  59,797.76  Approximate number of members 651   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Fortieth Report  147  VETERAN S ADM INISTRATION EMPLOYEES’ CREDIT UNION LITTLE ROCK, ARK ANSAS  December 31, 1953 Liabilities  Assets L o a n s _________________ $ Bonds and securities_____ Cash on hand and in banks Other a ssets___________  31,076.88 3,500.00 2,052.43 249.16  Shares ________________ $ Guaranty fu n d _________ Undivided p rofits_______ Other liabilities________  33,655.39 1,664.51 1,551.44 7.13  Total assets____________ $  36,878.47  Total liabilities_  36,878.47  Approximate number of members 330  V. A. HOSPITAL CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1953 Assets  Liabilities  Loans _________________ $ Cash on hand and in banks  13,039.51 1,298.85  Shares___________________ $13,856.19 Guaranty fu n d _________ 209.09 Undivided p rofits_______ 273.08  Total assets____________$  14,338.36  Total liabilities________$  14,338.36  Approximate number of members 144  THE FORT ROOTS CREDIT UNION NORTH LITTLE ROCK, ARKANSAS December 31, 1953 Assets  Liabilities  L o a n s _________________ ! Bonds and securities____ Cash on hand and in banks  71,340.99 7,215.00 5,464.31  Shares ________ Guaranty fund Undivided profits  81,760.64 1,642.48 617.18  Total assets  84,020.30  Total liabilities_________ $  84,020.30  _____ $  Approximate number o f members 480   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  State of Arkansas: Bank Department  148  NORTH LITTLE ROCK-MISSOURI PACIFIC CREDIT UNION NORTH LITTLE ROCK, ARKANSAS December 31, 1953 Liabilities  Assets L o a n s _________________ 1 Bonds and securities___ Cash on hand and in banks Other assets ___________  19,205.59 800.00 1,720.30 680.49  Shares _________ Guaranty fu n d _ Undivided profits Other liabilities _  19,670.53 1,320.49 1,387.36 28.00  Total assets____________ $  22,406.38  Total liabilities_  22,406.38  Approximate number of members 336  OSCEOLA FOODS EMPLOYEES’ CREDIT UNION OSCEOLA, ARKANSAS Permit May 12, 1954  MISSOURI PACIFIC-PARAGOULD CREDIT UNION PARAGOULD, ARKANSAS December 31, 1953 Assets  Liabilities  L o a n s _________________ ! Cash on hand and in banks Other a ssets___________  13,775.50 509.58 284.43  Shares__________ Guaranty fund Undivided profits  13,594.45 479.91 495.15  Total assets  14,569.51  Total liabilities  14,569.51  Approximate number of members 130  P. B. M. CREDIT UNION PINE BLUFF, ARKANSAS December 31, 1953 Assets  Liabilities  L o a n s _________________ ! Cash on hand and in banks  1,831.98 174.77  Shares__________ Guaranty fund— Undivided profits  1,982.75 20.00 4.00  Total assets____________ $  2,006.75  Total liabilities —  2,006.75   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Approximate number of members 76  Fortieth Report  WELCH EMPLOYEES’ CREDIT UNION SPRINGDALE, ARKANSAS Permit March 12, 1954  CO-OP CREDIT UNION TEXARKANA, ARKANSAS Permit June 30, 1954  MILLER-ARKANSAS CREDIT UNION TEXARKANA, ARKANSAS Permit January 1, 1954  RAILWAY EMPLOYEES’ CREDIT UNION TEXARKANA, ARKANSAS Permit May 17, 1954   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  149  150  State of Arkansas: Bank Department  QUALIFIED STOCK EXCHANGES Securities listed on the following Stock Exchanges may be qualified by notification by an applicant company filing the name of the company, its address, the amount of securities sought to be sold in Arkansas, and paying the fee required by law.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  American Stock Exchange Chicago Board of Trade Chicago Stock Exchange New York Produce Exchange New York Stock Exchange  Fortieth Report  151  ISSUERS REGISTERED RY QUALIFICATION IN ARKANSAS UNDER ACT 397 OF 1947 June 30, 1954 Affiliated Fund, Inc_________________________________ New York, New York American Business Shares, Inc._____________________New York, New York American Financial & Developement Corp. for Israel__New York, New York American Trusteed Funds, Inc______________________New York, New York Arkansas Casualty Investment Corp------------------------ Little Rock, Arkansas Atomic Developement Mutual Fund, Inc______________ Washington, D. C. Axe-Houghton Fund A, Inc__________________________ Tarrytown, New York Axe-Houghton Fund B, Inc_________________________ Tarrytown, New York Bankers Insurance Co._______________________________Conway, Arkansas Blue Ridge Mutual Fund, Inc------------------------------------ New York, New York Bond Fund of Boston, Inc---------------------------------------- Boston, Massachusetts Boston Fund, Inc----------------------------------------------------- Boston, Massachusetts Broad Street Investing Corp_________________________ New York, New York Canada General Fund, Inc__________________________ Boston, Massachusetts Canadian Fund, Inc---------------------------------------------------New York, New York Century Shares Trust______________________________ Boston, Massachusetts Chemical Fund, Inc_________________________________ New York, New York Commonwealth Investment Co______________________ San Francisco, Calif. Commonwealth Stock Fund, Inc_____________________San Francisco, Calif. Corporate Leaders of America, Inc---------------------------- New York, New York Crown Western Investments, Inc_____________________Dallas, Texas Delhi Oil Corp______________________________________ Dallas, Texas Diversified Growth Stock Fund, Inc_________________Elizabeth, New Jersey Diversified Investment Fund, Inc____________________Elizabeth, New Jersey Dividend Shares, Inc------------------------------------------------- New York, New York Eaton & Howard Balanced Fund, Inc________________ Boston, Massachusetts Eaton & Howard Stock Fund________________________Boston, Massachusetts Fidelity Fund, Inc__________________________________ Boston, Massachusetts Financial Industrial Fund, Inc_______________________ Denver, Colorado Founders Mutual Depositor Corp_____________________ Denver, Colorado Fundamental Investors, Inc_________________________ Elizabeth, New Jersey Gas Industries Fund, Inc____________________________ Boston, Massachusetts Group Securities, Inc_______________________________ Jersey City, N. J. Guaranty Loan & Real Estate Co_____________________West Memphis, Ark. Hamilton Fund, Inc_________________________________ Denver, Colorado Incorporated Investors______________________________ Boston, Massachusetts Industrial Development Co. of Little Rock____________ Little Rock, Arkansas Institutional Income Fund, Inc_______________________ New York, New York Institutional Shares, Ltd___________________________ New York, New York Investment Trust of Boston________________________ Boston, Massachusetts Investors Mutual, Inc_______________________________ Minneapolis, Minn. Investors Selective Fund___________________________ Minneapolis, Minn. Investors Stock Fund-----------------------------------------------Minneapolis, Minn. Investors Syndicate of America, Inc------------------------- Minneapolis, Minn. Keystone Custodian, Inc____________________________ Boston, Massachusetts Harry & Emily Lasker______________________________ Little Rock, Arkansas Latin-American Poultry Co_________________________ Fayetteville, Arkansas, Lawton Oil Co_____________________________________ Magnolia, Arkansas Glenn McCarthey, Inc_____________________________ Houston, Texas Managed Funds, Inc_______________________________ St. Louis, Missouri Manhattan Bond Fund, In c__________________________ Elizabeth, N. J. Massachusetts Investors Growth Stock Fund, Inc-------- Boston, Massachusetts Massachusetts Investors Trust______________________ Boston, Massachusetts Mi Fry Ca Mineral & Research Corporation__________Little Rock, Arkansas Mississippi Chemical Corporation____________________ Yazoo City, Miss. Mississippi Valley Company________________________ Jonesboro, Arkansas  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  152  State of Arkansas: Bank Department  E. M. Moore Enterprise, Inc_________________________ Pine Bluff, Arkansas National Investors Corporation______________________ New York, New York National Oil Co., Inc----------------------------------------------- Little Rock, Arkansas National Securities & Research Corp------------------------- New York, New York Pioneer Fund, Inc-------------------------------------------------- New York, New York George Putnam Fund of Boston-------------------------------- Boston, Massachusetts Rockport Oil Co___________________________________ Little Rock, Arkansas Rose Courts, Inc------------------------------------------------------Little Rock, Arkansas Scudder, Stevens & Clark Fund, Inc__________________ Boston, Massachusetts Selected American Shares, Inc----------------------------------- Chicago, Illinois Southwestern Investors, Inc_________________________Dallas, Texas Television Electronics Fund, Inc____________________ Chicago, Illinois Texas Fund, Inc------------------------------------------------------Houston, Texas United Funds, Inc__________________________________ Kansas City, Missouri Accumulative Fund____________ Continental Fund Income Fund & Accumulative Fund_ScienceFund Value Line Fund, Inc_______________________________ Boston, Massachusetts Value Line Income Fund, Inc_______________________Boston, Massachusetts Van Strum & Towne Stock Fund, Inc_________________San Francisco, Calif. Wellington Company_______________________________ Camden, New Jersey   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Fortieth Report  153  ISSUERS REGISTERED BY NOTIFICATION IN A RK AN SA S UNDER ACT 397 OF 1947  June 30, 1954 Aluminum Company of America____________________ Pittsburg, Pa. American Optical Company________________________ Boston, Massachusetts Carpenter Paper Company__________________________ Omaha, Nebraska El Paso Natural Gas Company______________________ El Paso, Texas Fairbanks, Morse & Company______________________Chicago, Illinois Fruehauf Trailer Company__________________________ New York, New York General Telephone Corporation______________________New York, New York International Bank for Reconstruction______________ Washington, D. C. and Developement Jewel Tea Company, Inc.____________________________ Barrington, Illinois S. K. Kress_______________________________________ New York, New York Merritt Chapman & Scott Corporation_____________ New York, New York Minnesota Mining and Manufacturing Company______St. Paul, Minnesota New England Electric System______________________Boston, Massachusetts Ohio Oil Company________________________________ Findlay, Ohio Penn-Dixie Cement Corporation_____________________New York, New York Philadelphia Electric Company______________________Philadelphia, Penn. Pittsburg Plate Glass Company____________________Pittsburg, Penn. The L. B. Price Mercantile Company________________ Kansas City, Mo. Scurry-Rainbow Oil Limited________________________ Cleveland, Ohio The Texas Company________________________________ New York, New York Twentieth Century Foods Corporation_______________ Springfield, Mo. Westinghouse Electric Corporation_________________ Pittsburg, Penn.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  154  State of Arkansas: Bank Department  DEALERS AUTHORIZED TO SELL QUALIFIED OR EXEMPT SECURITIES IN ARKANSAS AS OF JUNE 30, 1954 American Financial & Development Corporation______New York, New York for Israel Walter R. Bass Company____________________________Little Rock, Arkansas Lewis W. Cherry Company___________________________Little Rock, Arkansas Joel H. Clark, an individual___________________________Texarkana, Arkansas Clisbee, Thompson and Company____________________ Tulsa, Okla. Dyke Associates, Inc_______________________________ Little Rock, Arkansas A. G. Edwards & Sons______________________________St. Louis, Missouri Eppler, Guerin & Turner__________________________ Texarkana, Arkansas Equitable Securities Corporation____________________Nashville, Tennessee Fif Management Corporation________________________ Denver, Colorado Henry Hagelstein__________________________________ Harrison, Arkansas Hamilton Management Corporation__________________Denver, Colorado Hill, Crawford & Lanford, Inc______________________ Little Rock, Arkansas Gilbert Howell Company____________________________ Little Rock, Arkansas Investors Diversified Services, Inc.__________________Minneapolis, Minn. E. Davis Kolb_____________________________________ Fort Smith, Arkansas Kurt Kauffmann___________________________________ Hot Springs, Arkansas McDonald, Evans & Company___________________ ___Kansas City, Missouri Merrill Lynch, Pierce, Fenner & Beane_____________ New York, New York King Merritt & Company, Inc.______________________ New York, New York Raney Brothers, Inc.________________________________ Little Rock, Arkansas T. J. Raney & Sons_______________________________ Little Rock, Arkansas Renyx, Field & Company, Inc______________________ New York, New York Salomon Brothers & Hutzler________________________ New York, New York Scudder Fund Distributors, Inc______________________ Boston, Massachusetts Securities Management Corporation_______________ Dallas, Texas Slayton and Co., Inc--------------------------------------------------- St. Louis, Missouri Southern Securities Corporation____________________Little Rock, Arkansas Stephens Bros., Investments________________________ Little Rock, Arkansas W. R. Stephens, Investments________________________ Little Rock, Arkansas Dabbs Sullivan Company____________________________ Little Rock, Arkansas E. L. Villareal & Company_________________________Little Rock, Arkansas Waddell & Reed, Inc________________________________ Kansas City, Missouri Walton & Company, Inc_____________________________Little Rock, Arkansas J. 0. (Blue) Whitaker_____________________________ Fort Smith, Arkansas Womeldorff & Lindsey______________________________ Little Rock, Arkansas   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis