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3 32--1 ^  /94<3  ! BANK COMMISSIONER OF ARKANSAS  » f  THOMAS W. LEGGETT i i   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  State Bank Commissioner  THIRTY-FOURTH REPORT OF THE  BANK COMMISSIONER OF THE  STATE OF ARKANSAS  FOR THE YEAR ENDING JUNE 30, 1948   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  THOMAS W. LEGGETT State BankP Commissioner   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  STATE OF A RK AN SAS OFFICE OF STATE B A N K DEPARTM ENT LITTLE ROCK, A RK ANSAS June 30, 1948 To His Excellency, Ben Laney Governor of Arkansas: In compliance with the provisions of Section 704 of Pope’s Digest, I have the privilege of submitting herewith the ThirtyFourth Report of the State Bank Commissioner of Arkansas, for the year beginning July 1, 1947 and ending June 30, 1948. The report covers the condition of the state banks and trust companies, state building and loan associations, industrial banks, credit unions, a combined statement of the burial associations and a compiled list of the same, together with other factual data. Total assets of the state banks on June 30, 1948 were $364,722,255.00, compared with $367,934,679.00 as of June 30, 1947. During the year loans increased from $70,350,000.00 to $82,097,000.00, which is evidence of the willingness of the state banks to take care of the credit needs of the commercial and agricultural activities of our state. Examination reports reflect that our banks are in strong position. Liquidity in cash and Government securities should qualify them to meet the demands for sound loans, maintaining at all times maximum protection to the depositors. I believe our staff of examiners are doing a good job during this period of high business activity. In some cases criticism must be charged, however by and large we believe that on an average our banks are serving the public constructively and efficiently. I wish to take this opportunity of extending my very kind appreciation for your courtesy and cooperation. I also want to express my thanks to the Members of the State Banking Board for the faithful manner in which they have so well served.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Respectfully submitted: THOMAS W . LEGGETT, State Bank Commissioner.  TABLE OF CONTENTS  Page  Legal Holidays --------------------------------------------- ----------------------------:--------------6 Departmental R o ste r______________________________  7  Commissioners of State Bank Department-------------------------------------------------- 8 Receipts and Disbursements------------------------------------------------------------------------8 Comparative Abstract showing condition of State Banks and Trust Companies as of June 30, 1948 and June 30, 1947---------------------------------- 9 Comparative Abstract showing condition of State and National Banks as of December 31, for years 1947-1943--------------------------------------10 Comparative statement of condition of State Banks and Trust Companies for the past thirty-three years-------------------------------------------11 Consolidated report of Earnings and Dividends of State Banks and Trust Companies for the twelve months ending December 31, 1947______12 Banking Facilities by Counties including State and National Banks, Teller’s Windows and Cooperative Exchanges_______________ 13-14 National Banks in Arkansas---------------------------------------------------------------------- 15 Members of Federal Reserve System ______________________________________16 Commercial Banks Non-Members of Federal Deposit Insurance Corporation __________________________________________________________16 Trust Companies not engaged in commercial banking and non-members of Federal Deposit Insurance Corporation_____________________________ 16 State Banks Operating Teller’s Windows__________________________________ 17 National Banks operating Teller’s Windows_______________________________ 17 New Banks Chartered____________________________________________________ 17 Amendments Altering Capital Structure------------------------------------------------17-18 Amendments changing number of Directors------------------------------------------------18 Amendments changing par value of shares________________________________ 18 Amendments changing par value of shares__________ _____________________ 18 Banks which have retired Preferred Stock________________________________ 18 Individual statement of condition of all State Banks and Trust Companies as of June 30, 1948____________________________________ 19-107   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  BUILDING AND LOAN AND SECURITIES DIVISION  Combined and individual statement of condition of Building and Loan Associations as of December 31, 1947 ____________________ 111-115 List of Voluntarily Liquidating State Chartered Building and Loan Associations _________________________________________________116 Combined and individual statement of condition of Industrial Loan Institutions operating under Act 111 of 1941 as of June 30, 1948_118-121 Combined and individual statement of condition of Industrial Loan Institutions operating under Act 135 of 1937 as of June 30, 1948— 122-132 Combined and individual statement of condition of Credit Unions as of December 31, 1947________________________________________ 133-138 Qualified Stock Exchanges______________________________________________ 139 Dealers authorized to sell qualified or exempt Securities as of June 30, 1948____________________________________________________ 140 Qualified Stock Exchanges______________________________________________139 Dealers authorized to sell qualified or exempt Securities as of June 30, 1948____________________________________________________ 140 Issuing Companies authorized to sell Securities as of June 30, 1948___ 141-144 Securities qualified by notification as of June 30, 1948 __________________ 144 Combined operating statement of Burial Associations for Twelve month period ending December 31, 1947______________________________ 145 Burial Associations authorized to sell membership certificates as of June 30, 1948______________________________________________ 146-148 Combined and individual statement of condition of Cooperative Exchanges as of June 30, 1948___________________________________ 149-152   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  6  State of Arkansas: Bank Department  L E G A L H O L ID A Y S  New Year ’s D ay________________ January 1. Robert E. L e e ’s Birthday______ January 19. George W ashington’s Birthday February 22. Memorial D ay___________________M ay 30. Independence D ay______________July 4. Labor D a y _______________________First Monday in September. Armistice D ay___________________November 11. Thanksgiving D ay______________ Fourth Thursday in November. Christmas D ay__________________December 25. A ll Biennial Statewide Primary and General Election Days  A ll 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  7  Thirty-Fourth Report  D E P A R T M E N T A L R O STER Thomas W . Leggett________State Bank Commissioner Theo P. Carson_____________ Assistant Bank Commissioner John L. Carter______________Assistant Bank Commissioner in charge Building and Loan and Securities Division. B A N K E X A M IN E R S F. C. Rayburn  Albert Sims J. A . W elty A S S IS T A N T E X A M IN E R S  D. S. Patterson  Allan Rainwater  B U IL D IN G A N D L O A N A N D SE C U R IT IE S E X A M IN E R G. C. Mangum S E C R E T A R Y TO B A N K COM M ISSIONER Audrey Arnn C L E R K S A N D STE N O G R A P H E R S Martha Jean Carter  Helen James  S T A T E B A N K IN G BO ARD B. A . Lynch, Chairman______________ Blytheville Howard E ast_________________________ Camden Louis E. Hurley______________________El Dorado C. E. Crossland________________________Little Rock Richard T. Steel_____________________ Conway   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Nora S. Powers  8  State of Arkansas: Bank Department COMMISSIONERS OF STATE BANK DEPARTMENT STATE OF ARKANSAS  No. 1 2 3 4 5 6 7 8 9  Name Date of appointment John M. Davis______ March 6, 1913_______ A. J. Reap-------------- October 3, 1918_______ W. T. Maxwell_____ March 22, 1919_______ Charles McKee_____ September 1, 1921____ Loid Rainwater_____ July 28, 1925_________ Walter E. Taylor___ February 8, 1927_____ Marion Wasson_____ January 10, 1933____ Grover S. Jernigan_January 12, 1937_____ Thomas W. Leggett-.January 14, 1941____  Date service ended -October 3, 1918 .March 22,1919 -September 1, 1921 _Julv 28, 1925 .February 8, 1927 .January 10, 1933 -January 12, 1937 .January 14, 1941  The following is a statement showing the receipts and disbursements of the State Bank Department from July 1, 1947 to June 30, 1948: RECEIPTS Cash balance with State Treasurer June 30, 1947_________________ $ 41,101.12 Examination and assessment fees Bank Department_$ 51,810.22 Charter and amendment fees Bank Department______ 1,875.00 18.02 Miscellaneous fees Bank Department________________ Examination and assessment fees Building and Loan Division__________________________________ 1,472.08 Miscellaneous fees Securities Division________________ 19,805.28 74,980.60 $116,081.72 DISBURSEMENTS Salary of Bank Commissioner______________________ $ 5,000.00 Salary of Assistant Commissioner__________________ 4,600.00 Salary of Assistant Commissioner Securities Division ______________________________________ 3,900.00 Salaries of Bank Examiners_________________________ 10,800.00 Salaries of Assistant Bank Examiners_______________ 7,970.00 Salaries of Office Force_____________________________ 7,015.00 Travel Expense_____________________________________ 8,648.89 Maintenance_______________________________________ 5,592.33 Printing Annual Report and Digest of Banking Laws __________________________________________ 1,832.28 Charges by State Treasurer_________________________ 2,248.44 Checks returned by State Treasurer_________________ 32.50 Cash balance with State Treasurer June 30, 1948-------------------------   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  57,639.44 58,442.28 $116,081.72  COMPARATIVE ABSTRACT SHOWING THE CONDITION OF STATE BANKS AND TRUST COMPANIES OF ARKANSAS AS OF JUNE 30, 1948 AND JUNE 30, 1947 June 30, 1948 174  June 30, 1947 170  RESOURCES: Cash and due from banks _ ____ U. S. Government obligations Other bonds and securities _ . Loans and discounts Banking house, furniture and fixtures__. Other real estate Other resources  $ 96,311,513.09 160,340,700.73 23,711,209.80 82,157,157.18 1,658,236.91 76,714.20 466,633.66  $102,647,776.37 170,818,771.88 21,953,181.71 70,403,364.21 1,343,659.16 66,110.46 701,815.27  TOTAL RESOURCES  $364,722,255.57  $367,934,679.06  $256,203,977.68 38,488,935.99 3,773,989.55 32,186,512.63 9,816,469.01  $262,099,173.97 38,238,158.43 3,515,196.37 31,450,239.63 10,829;752.50  $340,469,884.86 482,438.31  $346,132,520.90 387,420.72  TOTAL LIABILITIES_________ CAPITAL ACCOUNTS: Capital stock Surplus- _ Undivided profits and reserves  $340,952,323.17  $346,519,941.62  ____ ____  LIABILITIES: Demand denosrts _ Savings and time deposits U. S. Government deposits Public funds _ _ Deposits of banks _ TOTAL DEPOSITS Other liabilities _  ___  _ _  _ _ ____ _ _  TOTAL CAPITAL ACCOUNTS TOTAL LIABILITIES AND CAPITAL ACCOUNTS- ______   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  _ _  $ 9,136,000.00 7,653,750.00 6,980,182.40  $  Decrease  Increase 4 $  6,336,263.28 10,478,071.15  1,758,118.09 11,753,792.97 314,577.75 10,603.74 235,181.61 (Net) $  3,212,423.49 5,895,196.29  250,777.56 258,793.18 736,273.00 1,013,283.49 (Net) $  5,662,636.04  (Net) $  5,567.618.45  (Net) $  3,212,423.49  Thirty-Fourth Report  Number of banks reporting  95,017.59  8,483,500.00 6,805,400.00 6,125,837.44  $ 652,500.00 848,350.00 854,344.96  23,769,932.40  21,414,737.44  2,355,194.96  $364,722,255.57  $367,934,679.06  to  o  COMPARATIVE ABSTRACT SHOWING CONDITION OF STATE AND NATIONAL BANKS OF ARKANSAS AS OF DECEMBER 31, 1947-1943 1945 215  RESOURCES: Cash and due from banks U. S. Government obligations Other bonds and securities Loans and discounts Banking house, furniture and fixtures Other real estate — — Other resources  $262,687,000 357.347.000 63,080,000 152.089.000 3.425.000 132,000 1.110.000  $263,804,000 379.312.000 56,317,000 125.931.000 3,122,000 134.000 702.000  $267,053,000 388.531.000 43,719,000 102.261.000 2,880,000 159.000 884.000  $ 232,953,000 309,092,000 33.615.000 86.227.000 2,921,000 208,000 715,000  $192,985,000 206,185,000 34.269.000 78.199.000 2,951,000 290.000 860.000  TOTAL RESOURCES _ _  _____  $839,870,000  $829,322,000  $805,487,000  $655,731,000  $515,739,000  —  $ 16,726,000 17.142.000 12.047.000  $ 15,014,000 16.074.000 11.145.000  $ 14,037,000 13,577,000 8,812,000  $ 13,682,000 11,440,000 8,272,000  $ 13,512,000 9.870.000 7.249.000  $ 45,915,000  $ 42,233,000  $ 36,426,000  $ 33,394,000  $ 30,631,000  792,577,000 1,378,000  786,115,000 974,000  768,348,000 713,000  631,710,000 627,000  484,327,000 781,000  $839,870,000  $829,322,000  $805,487,000  $655,731,000  $515,739,000  -  LIABILITIES: Capital stock_ — __ S u rp lu s _ Undivided profits and reserves-  —  Total Capital accountsDeposits___ __ — Other liabilities _ _ TOTAL LIABILITIES-   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  _ —  — _  State of Arkansas: Bank Department  1946 219  _  1944 213  1943 211  1947 221  Number of banks  COMPARATIVE STATEMENT OF CONDITION OF STATE BANKS AND TRUST COMPANIES FOR PAST THIRTY-THREE YEARS Number Banks  Date 1916_______ 1917_______ 1918_______ 1919_______ 1920_______ 1921_______ 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_______   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  387 389 389 386 404 406 402 403 397 396 394 376 358 347 329 265 223 202 189 180 178 176 171 167 169 166 166 161 161 163 169 170 174  Loans and Discounts  $ 50,107,100 $ 45,877,800 72,480,300 56,871,400 90,194,100 78,279,700 109,447,800 93,519,700 129,669,700 133,256,200 104,393,600 113,064,400 106,276,400 101,031,600 128,580,700 109,443,400 123,365,300 114,950,900 136,552,900 117,669,200 142,107,300 123,464,400 134,788,700 112,051,800 135,849,800 109,167,900 137,636,800 109,438,700 131,936,800 111,542,200 92,097,800 67,063,800 62,043,400 46,374,800 47,335,000 29,925,600 41,756,400 23,434,300 50,646,500 25,039,400 59,441,000 22,088,500 66,036,600 24,965,600 66,771,000 29,138,400 73,397,300 36,443,100 79,079,100 32,496,900 94,733,000 33,420,100 128,975,900 30,666,600 190,153,500 30,497,300 226,832,800 42,121,000 302,720,500 50,282,600 355,193,200 49,928,600 346,132,500 70,403,400 340,469,900 82,157,200  Borrowed Money $  Cash  2,088,200 1$ 17,153,300 26,167,800 3,023,300 23,321,400 7,823,100 30,106,900 14,338,600 30,754,800 29,775,800 25,680,400 27,416,000 27,074,700 14,857,200 34,083,000 9,639,800 28,651,300 14,237,400 34,129,800 13,403,100 35,902,800 13,078,300 35,390,100 8,011,600 33,484,400 7,120,500 32,607,700 8,333,200 30,886,200 12,018,900 3,356,600 26,347,000 20,014,800 7,676,700 19,530,100 6,798,200 18,594,700 3,515,800 20,827,300 320,500 148,300 29,198,000 28,661,800 233,500 88,100 26,501,600 206,100 27,761,400 34,852,000 72,300 75,100 46,087,100 56,700 75,993,000 83,700 88,424,600 81,700 87,156,400 106,700 115,746,100 131,700 114,416,400 116,700 102,647,800 221,700 96,311,500  U. S. Gov’t Bonds |  2,000 1,029,600 7,832,500 12,295,800 9,830,300 6,658,000 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  Capital Structure  Total Resources  $18,721,700 19,724,300 20,898,400 21,441,000 24,582,100 25,474,800 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  $ 70,989,100 94,005,800 118,318,000 145,181,000 184,146,700 157,210,300 145,697,700 162,928,400 161,946,800 171,348,400 179,174,100 167,369,800 167,013,100 170,668,000 168,358,500 114,721,200 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  Thirty-Fourth Report  June 30, June 20, June 29, June 30, June 30, June 30, 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,  Deposits  12  State of Arkansas: Bank Department  CONSOLIDATED REPORT OF EARNINGS AND DIVIDENDS OF STATE BANKS AND TRUST COMPANIES FOR THE TWELVE MONTHS ENDING DECEMBER 31, 1947 EARNINGS: Interest and discount on loans_______________ $3,816,660.27 Interest and dividends on securities_________ 2,830,048.20 Service charges, exchange charges, etc______ 2,335,279.26 Other operating earnings___________________ 298,010.02 Total earnings from operations_________________________$9,279,997.75 EXPENSES: Salaries, wages and directors’ fee?___________ $2,915,542.66 Interest paid___ i __________________________ 332,723.48 Taxes other than income____________________ 222,064.86 Taxes on income____________________________ 894,237.65 Other current expenses_____________________ 1,929,332.57 Total current expenses  $6,293,901.22  Net operating earnings___ ____________________________ $2,986,096.53 RECOVERIES AND PROFITS: Recoveries and profits on securities sold_____ $ 107,987.68' Recoveries on loans____________ i ___________ 108,142.42 Other recoveries____________________________ 81,013.73  $ 297,143.83  Total _________________________________________________ $3,283,240.36 LOSSES CHARGED OFF: On securities_______________________________ $ 204,733.20 On loans___________________________________ 222,376.15 All others__________________________________ 96,711.32  $ 523,820.67  Net profits before dividends___________________________ $2,759,419.69 DIVIDENDS: Cash dividends on common stock____________ $ 637,039.91 On preferred stock_________________________ 18,168.97  $ 655,208.88  Net profits after dividends____________________________ $2,104,210.81 OTHER INCREASES IN CAPITAL ACCOUNTS: New common stock sold____________________ $ 570,200.00 Premium on common stock sold______________ 36,000.00  $ 606,200.00  TOTAL ______________________________________________ $2,710,410.81 •OTHER DECREASES IN CAPITAL ACCOUNTS: Preferred stock retired_______________________________$ 652,700.00 NET ADDITION TO ‘CAPITAL ACCOUNTS FOR 1947____ $2,057,710.81  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  13  Thirty-Fourth Report BANKING FACILITIES BY COUNTIES INCLUDING STATE AND NATIONAL BANKS, TELLER’S WINDOWS AND COOPERATIVE EXCHANGES  County Arkansas Ashley Baxter Benton Boone Bradley Calhoun Carroll Chicot Clark Clay-------------------Cleburne Cleveland ColumbiaConway Craighead Crawford Crittenden Cross-----------------Dallas-----------------Desha Drew Faulkner Franklin Fulton Garland Grant Greene Hempstead---------Hot Spring Howard Independence Izard ----------------Jackson _ Jefferson Johnson Lafayette Lawrence Lee Lincoln---------------Little River Logan __ _ Lonoke----------------Madison Marion _ Miller _ - Mississippi---------Monroe---------------Montgomery __ Nevada---------------Newton---------------Ouachita. _ Perry-----------------Phillips ----- ------Pike __  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Population 24,437 26,785 10,281 36,148 15,860 18,067 9,636 14,737 27,452 24,402 28,386 13,134 12,570 29,822 21,536 47,200 23,920 42,473 26,046 14,471 27,160 19,831 25,880 15,683 10,253 41,664 10,477 30,204 32,770 18,916 16,621 25,643 12,834 26,427 65,101 18,795 16,851 22,651 26,810 19,709 15,932 25,967 29,802 14,531 9,464 31,874 80,217 21,133 8,876 19,869 10,881 31,151 8,392 45,970 11,786  State Banks 2 6 1 4 2 2 1 1 3 4 3 2 2 3 1 4 4 4 3 2 2 3 1 2 2 1 1 1 1 1 1 1 3 2 1 3 1 1 1 2 6 2 1 5 3 1 1 1 4 1 3 3  National Teller’s Banks Windows 2  1  1  1  Coopera­ tive Ex­ change  1 2 2 1 1 1  1  1 1 1 1 1 1 2 2 1 1 1  1  2 2 1 1 1 1  1  1 1  1  1  1  1 1 1  3 1  1 2  1  14  State of Arkansas: Bank Department BANKING FACILITIES BY COUNTIES INCLUDING STATE AND NATIONAL BANKS, TELLER’S^WINDOWS AND COOPERATIVE EXCHANGES  County Poinsett— — Polk _ — Pope -----Prairie— — — Pulaski ----------- . _ R andolph---------St. Francis -------Saline----------------Scott----------Searcy Sebastian Sevier_ — SharpStone Union — Van Buren_ Washington W h ite __________ Woodruff— ------Yell-   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Population  State Banks  37,670 15,832 25,682 15,304 156,085 18,319 36,043 19,163 13,300 11,942 62,809 15,248 11,497 8,603 50,461 12,518 41,114 37,176 22,133 20,970  5 1 5 2 3 2 2 1 1 2 4 2 4 1 4 1 5 7 2 4  1,949,387  174  National Teller’s Windows Banks  Coopera­ tive Ex­ change 1  1 1 3 2 1 3 1  1 1  2 2  50  2 1 1  1  19  8  15  Thirty-Fourth Report 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________________ r__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 SpringsPlanters National Bank________________Hughes_______ First National Bank___________________ Huntsville_____ First National Bank___________________ Lewisville_____ Commercial National Bank___________ Little Rock____ Peoples National Bank________________Little Rock____ Union National Bank--------------------------- Little Rock___ First 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_____ New 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____ First National Bank___________________ Tuckerman____ First National Bank of Lawrence Co___ Walnut RidgeFirst National Bank___________________ Wynne________   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  County ..Clark -.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 -Lafayette -Pulaski -Pulaski -Pulaski -Columbia - Hot Spring -Lee -Polk -Howard -Jackson -Greene ..Greene -Logan -Jefferson -Jefferson ..Benton -Washington _Arkansas -Miller .Jackson -Lawrence ..Cross  16  State of Arkansas: Bank Department MEMBERS OF FEDERAL RESERVE SYSTEM  Capital and Date of Admission Name of Bank and Location Surplus April 21, 1941________ Elk Horn Bank & Trust Company______ : 150.000. 00 Arkadelphia August 23, 1918---------.Farmers Bank & Trust Company________ 400.000 . 00 Blytheville May 10, 1944________ Bank of Brinkley_______________________ 100.000 . 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 B a n k --------------------------------------200,000.00 Fayetteville September 22, 1933___ Fordyce Bank & Trust Company________ 100,000.00 Fordyce September 25, 1942----- Arkansas Trust Company________________ __500,000.00 Hot Springs July 26, 1945________ Peoples Bank & Loan Company__________ 70 .000 . 00 Lewisville March 20, 1919_______ Worthen Bank and Trust Company______ 1,700,000.00 Little Rock 85 .000. 00 September 20, 1944___ Farmers & Merchants Bank____________ Marianna 120,000.00 July 21, 1920________ The Bank of Russellville________________ Russellville August 23, 1923______ Peoples Exchange Bank________________ 120,000.00 Russellville June 9, 1942__________Grant County Bank____________________ 75.000 . 00 Sheridan 50.000 . 00 April 11, 1944_________Smackover State Bank_________________ Smackover 100, 000.00 May 20, 1921_________Bank of Waldron_______________________ Waldron COMMERCIAL BANKS— NON MEMBERS FEDERAL DEPOSIT INSURANCE CORPORATION Name Location Farmers & Merchants Bank___________________________ Des Arc Portland Bank________________________________________ Portland Bank of Sidney----------------------------------------------------------------Sidney TRUST COMPANIES NOT ENGAGEDIN COMMERCIAL BANKING AND NON MEMBERS FEDERAL DEPOSIT INSURANCE CORPORATION Name Location Arkansas Valley Trust Company____________________ Fort Smith Guaranty Loan & Trust Company______________________ Helena Metropolitan Trust Company_______________________ Little Rock   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  17  Thirty-Fourth Report ✓ STATE BANKS OPERATING TELLER’S WINDOWS  I  Location Teller’s Name of Bank Location . Window County Citizens State Bank_____________ Bald Knob S Bradford / White Benton State Bank______________ Benton'/ Bauxite ^ Saline yGillett v Arkansas DeWitt Bank & Trust Company__ D eW itts/ Planters Bank & Trust Company .Forrest City'' Cotton Plant-W oodruff Planters Bank & Trust Company.Forrest City/DeVails Bluff'Prairie Farmers Bank___________________ Greenwood Hartford ^ Sebastian Arkansas CityaJesha McGehee Bank__________________ McGehee S Monette State Bank_____________ Monette v Caraway / Craighead Mississippi County Bank________ Osceola '-y Joiner ^ Mississippi Mississippi County Bank________ O'sceola / / Luxora v Mississippi The Security Bank & Trust Co___Paragould y Marmaduke ' Greene First State Bank_________________Plainview v Ola Yell Bank of Prescott________________Prescott V Emmet / Nevada The Searcy Bank________________Searcy J Pangburn/ White Bratt-Wasson Bank______________ Siloam SpgsVGentry v y Benton Bank of Tuckerman_____________ Tuckerman / Sw ifton'/ / Jackson H erm itage'' Bradley Merchants & Planters Bank______ Warren 'Z Bank of Wilson__________________Wilson ^ Keiser y Mississippi NATIONAL BANKS OPERATING TELLER’S WINDOWS State National Bank_____________ Texarkana_____ Foreman_______Little River NEW BANKS CHARTERED July 1, 1947 to June 30, 1948 Name, Location and Date Capital Delta State Bank, Elaine, Phillips County, December 30, 1947____________________ $ 40,000 Merchants and Planters Bank, Manila, Mississ­ ippi County, March 16, 1948____________ 50,000 Leslie State Bank, Leslie, Searcy County, April 17,1948__________________________ 25,000  Surplus  Charter Number  $ 16,000  697  10,000  698  10,000  699  AMENDMENTS ALTERING CAPITAL STRUCTURE July 1, 1947 to June 30, 1948 The Bank of Augusta, Augusta, increased capital stock from §25,000 to $37,500.00 by the declaration of a 50% stock dividend and further increased the capital to $50,000,00 by the sale of $12,500.00 par value of new stock. Benton State Bank, Benton, increased capital stock from $25,000.00 to $75,000.00 by the declaration of a 200% stock dividend. Farmers Bank & Trust Company, Blytheville, increased capital stock from $150,000.00 to $200,000.00 by the declaration of a 33 1-3% stock dividend. Bank of Cave City, Cave City, increased common stock from $10,000.00 to $15,000.00 by the declaration of a 50% stock dividend and further in­ creased the common stock to $20,000.00 by the conversion of $5,000.00 par value of class “ A ” preferred stock owned locally into common stock, leaving the capital at $20,000.00 all of which is common stock. The Corning Bank, Corning, increased capital stock from $37,500.00 to $50,000.00 by the declaration of a 33 1-3% stock dividend. Arkansas Trust Company, Hot Springs., increased capital stock from $200,000.00 to $250,000.00 by the declaration of a 25% dividend. Citizens Bank of Jonesboro, Jonesboro, increased capital stock from $100,000.00 to $200,000.00 by the declaration of a 100% stock dividend. Bank of McCrory, McCrory, increased capital stock from $25,000.00 to $50,000.00 by the declaration of a 100% stock dividend.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  18  State of Arkansas: Bank Department  The First State Bank, Morrilton, increased capital stock from $50,000.00 to $100,000.00 by the declaration of a 100% stock dividend. Bank of Parkdale, Parkdale, increased capital stock from $15,000.00 to $30,000.00 by the declaration of a 100% stock dividend. Piggott State Bank, Piggott increased capital stock from $30,000.00 to $50,000.00 by the declaration of a $20,000.00 stock dividend. Bank of Pocahontas, Pocahontas, increased capital stock from $50,000.00 to $75,000.00 by the declaration of a 50% stock dividend. Logan County Bank, Scranton, increased capital stock from $15,000.00 to $25,000.00 by the declaration of a 66 2-3% stock dividend. Grant County Bank, Sheridan, increased capital stock from $25,000.00 to $50,000.00 by the declaration of a 100% stock dividend. Bank of Star City, Star City, increased capital stock from $20,000.00 to $25,000.00 by the declaration of a 25% stock dividend. AMENDMENTS CHANGING NUMBER OF DIRECTORS July 1, 1947 to June 30, 1948 Name of Bank Location From Bank of Mountain View_______________ Mountain View 5 The Stephens Security Bank______ _____ Stephens________ 3 to 6  To 3 3 to 7  AMENDMENTS CHANGING PAR VALUE OF SHARES July 1, 1947 to June 30, 1948 Grant County Bank, Sheridan, changed par value of shares from $25.00 to $50.00 per share. BANKS WHICH HAVE RETIRED PREFERRED STOCK July 1, 1947 to June 30, 1948 Name Bank of Cave City__. Bank of Dierks-------Bank of Elkins------Bank of Kensett-----Bank of Lockesburg. First State Bank-----The Searcy Bank-----   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Location -Cave City . -Dierks ___ -Elkins ___ -Kensett -Lockesburg -Lonoke___ -Searcy -----  Amount $ 5,000.00 7.500.00 2,000.00 3.900.00 12,500.00 5,000.00 46,000.00 $81,900.00  19  Thirty-Fourth Report  THIRTY-FOURTH REPORT of  STATEMENTS OF ARKANSAS BANKS AND TRUST COMPANIES AS SHOWN BY THE CALL OF JUNE 30, 1948 Cities and Towns Alphabetically Arranged by Postoffices Population shown is that given by the 16th census of the United States 1940 COMMERCIAL BANK AT ALMA, ALMA Population 774 Chartered January 31, 1910  Crawford County  Telephone No. 56  Officers W. E. Byars---------------------President J. Fred Alexander____ Vice President Reves L. Bolling____________ Cashier Margaret Adams__ Assistant Cashier  Transit No. 81-272  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, 1948 Resources Loans and discounts___ $ 183,459.30 U. S. Gov’t obligations-_ 638,113.19 Other bonds and securities 26,000.00 Furniture and fixtures_ 5,066.60 Banking house_________ 1.00 Cash and due from banks 232,751.63 Other resources________ 2,184.37  T o t a l_________________ $1,087,576.09   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Liabilities Capita] s t o c k __________ ! Surplus f u n d __________ Undivided p ro fits_______ Demand deposits_______ Time d eposits_________ U. S. Gov’t deposits___ Public fu n d s___________ Total dep.__$l,027,702.81  25,000.00 22,500.00 12,373.28 982,071.76 6,704.46 538.25 38,388.34  T o t a l_________________ $1,087,576.09  20  State of Arkansas: Bank Department  BANK OF AMITY, AMITY Population 608  Clark County  Chartered November 30, 1905. Telephone Number 13. Transit Number 81-287 Officers G. W. Tolleson-----------------President W. H. Olds-----------------Vice President Cleda O ld s _________________ Cashier Oral M. Walker___ Assistant Cashier  Lyn Maxey Cleda Olds W. H. Olds  Directors G. W. Tolleson Oral M. Walker  STATEMENT OF JUNE 30, 1948 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 resou rces_______  321,198.02 171.17 693,967.89 336,615.74 869.72 750.00 332,840.82 721.91  Liabilities Capital s t o c k __________ $ 35,000.00 35,000.00 Surplus f u n d __________ Undivided p r o fit s ______ 30,936.85 Demand deposits_______ 1,076,705.78 Time d ep osits_________ 444,895.77 U. S. Gov’t deposits_____ 22,902.82 Public fu n d s___________ 31,694.05 Deposits of banks_______ 10,000.00 Total dep._$1,586,198.42  T o t a l________________ $1,687,135.27  T o t a l________________ $1,687,135.27  ELK HORN BANK AND TRUST COMPANY, ARKADELPHIA Population 5,078. Chartered September 28, 1903. W. J. A. A. A. W. C. W.  Clark County  Telephone Number 7  Officers E. Barkman----------------President H. Lookadoo_______ Vice President J. Vestal_________ Vice President P. Greene_________ Vice President C. Stone________________ Cashier P. Jones, Jr-------------Asst. Cashier C. Lookadoo_______Asst. Cashier H. Tweedle, III____ Asst. Cashier  Transit Number 81-133  Directors W. E. Barkman E. E. Meador A. P. Greene A. C.‘ Stone Clarence Hardin J. P. Sturgis G. W. Lookadoo A. J. Vestal J. H. Lookadoo J. B. Wingfield  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $1,131,325.46 Overdrafts ____________ 222.58 U. S. Gov’t obligations- 1,157,700.00 Other bonds and securities 168,705.00 Furniture and fixtures_ 6,943.86 Banking house_________ 44,857.86 Cash and due from banks 1,200,941.65 Other resources-----------1.00 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $3,710,697.41  Liabilities Capital s to c k __________ $ 100,000.00 Surplus f u n d --------------50,000.00 Undivided p r o fit s ______ 47,799.75 Demand deposits_______ 2,069,006.61 Time deposits__________ 871,859.77 U. S. Gov’t deposits___ 3,525.00 Public fu n d s ___________ 568,506.28 Total dep.__$3,512,897.66 Total  $3,710,697.41  21  Thirty-Fourth Report  MERCHANTS AND PLANTERS BANK AND TRUST COMPANY, ARKADELPHIA Population 5,078. Chartered June 15, 1911.  Clark County-  Telephone Number 291.  Officers H. T. Ross________________ President H. G. Elms___________ Vice President James C. Hobgood___ Vice President Jett Black--Vice President & Cashier Lottie Watson_________Asst. Cashier Catherine Condray____ Asst. Cashier  Transit Number 81-469  Directors Jett Black E. N. McElhanon J. H. Crawford D. W. McMillan H. Grady Elms H. T. Ross Roy F. Golden Ralph Williams James C. Hobgood  STATEMENT OF JUNE 30, 1948 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 _  802,205.90 187,400.00 182,489.20 8,365.40 11,000.00 7,703.00 511,468.20 1.00  $1,710,632.70  Liabilities Capital s to c k __________$ 100,000.00 Surplus f u n d __________ 35,000.00 Undivided p r o fits ______ 22,205.45 Reserves ______________ 19,994.24 Demand deposits_______ 1,091,651.88 Time deposits__________ 178,746.13 U. S. Gov’t deposits____ 14,258.64 Public funds___________ 248,776.36 Total dep— $1,533,433.01 Total _  $1,710,632.70  BANK OF ASH FLAT, ASH FLAT Population 315.  Sharp County  Chartered February 20, 1912. Telephone Number 3642. Transit Number 81-499 Officers Odus Carpenter__________ President Horace Martin________Vice President Willene Brawley____________ Cashier  Directors Willene Brawley Horace Martin Odus Carpenter V. McJunkins  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______$109,238.55 Overdrafts______________ 18.92 U. S. Gov’t obligations__ 296,000.00 Other bonds and securities 1,677.41 Furniture and fixtures___ 1.00 Banking h o u s e __________ 800.00 Cash and due from banks. 133,451.53  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $541,187.41  Liabilities Capital stock ___________ $ 10,000.00 Surplus fu n d ____________ 10,000.00 Undivided p ro fits ------------ 14,228.49 Demand deposits________ 488,548.55 Time deposits___________ 3,660.47 U. S. Gov’t deposits______ 562.50 Public funds ___________ 14,187.40 Total dep_____ $506,958.92 Total _  $541,187.41  22  State of Arkansas: Bank Department  BANK OF ATKINS, ATKINS Population 1,322.  Pope County  Chartered September 19, 1895. Telephone Number 136. Transit Number 81-215 Officers J. M. Barker, Sr__________ President J. M. Barker, Jr______ Vice President C. A. Barker_______________ Cashier  Directors C. A. Barker J. M. Barker, Sr. J. M. Barker, Jr.  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______$128,595.87 O verdrafts______________ 14.02 U. S. Gov’t obligations__ 419,200.00 Other bonds and securities 614.00 Furniture and fixtures___ 4,018.85 Banking house___________ 2,581.82 Cash and due from banks. 406,177.51 T o t a l_________________ $961,202.07  Liabilities Capital stock ___________ $ 30,000.00 Surplus fund ____________ 15,000.00 Undivided p ro fits _________ 25,710.45 Demand d eposits_____:___ 845,517.82 U. S. Gov’t deposits______ 1,050.00 Public fu n d s _____________ 43,923.80 Total dep_____ $890,491.62 T o t a l__________________$961,202.07  THE BANK OF AUGUSTA, AUGUSTA Population 2,235 Chartered February 20, 1935.  Woodruff County  Telephone Number 1.  Officers J. H. Snapp----------------------- President W. M. Sale.:___ Exec. Vice President O. T. Beasley------------------------Cashier W. T. Mills, Jr-------------Asst. Cashier  Geo. L. Beard O. T. Beasley R. E. Gregory W. M. Sale  Transit Number 81-718 Directors J. Ford Smith J. H. Snapp C. R. Stacy  ' STATEMENT OF JUNE 30, 1948 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   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  416,335.27 1,365.75 667,600.00 187,833.75 1,703.40 2,700.00 238,873.48 8,121.75  $1,524,533.40  Liabilities Capital s to c k __________ $ 50,000.00 Surplus f u n d __________ 50,000.00 Undivided p r o fit s ______ 21,928.30 Reserves ______________ 29,000.00 Demand deposits_______ 1,209,870.12 U. S. Gov’t deposits_____ 18,426.03 Public fu n d s ___________ 136,303.08 Total dep._$1,364,599.23 Other liabilities________ 9,005.87 Total _  $1,524,533.40  23  Thirty-Fourth Report  CITIZENS STATE BANK, BALD KNOB Population 1,445 Chartered January 22, 1931.  White County  Telephone Number 14.  Officers E. D. Williams President & Cashier H. A. Whitley________Vice President Mrs. M. N. Hall________Asst. Cashier  Transit Number 81-673  Directors Joe H. Collison H. A. Whitley Jennings Leggett E. D. Williams  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 125,283.40 U. S. Gov’t obligations_ 998,900.00 Other bonds and securities 33,945.75 1,670.00 Furniture and fixtures_ 500.00 Banking house Cash and due from banks 333,495.62  Total  $1,493,794.77  Liabilities .$ 25,000,00 Capital stock 25,000.00 Surplus fund 11,292.12 Undivided profits 10,000.00 Reserves . 1,183,147.14 Demand deposits 4,601.32 U. S. Gov’t deposits _ 214,454.19 Public funds 20,300.00 Deposits of banks Total dep.__$1,422,502.65 Total _  .$1,493,794.77  THE CITIZENS BANK, BEARDEN Population 961. Chartered June 7, 1945.  Ouachita County  Telephone Number 129.  Officers Garland Anthony__________President Carlton Smith_______ Vice President R. W. Launius________Vice President Hugh Thompson____________ Cashier T. E. Evans___________ Asst. Cashier  Transit Number 81-749  Directors Garland Anthony W. O. Proctor Carlton Smith Oliver Anthony H. F. Thompson J. W. Gossett R. W. Launius  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______$113,399.66 O verdrafts______________ 6.43 U. S. Gov’t obligations___ 308,513.20 Other bonds and securities 8,200.00 Furniture and fixtures__ , 4,525.00 Cash and due from banks- 203,438.43 Other resources__________ 7.92  Liabilities Capital sto ck ____________ $ 25,000.00 Surplus fu n d ____________ 10,000.00 Undivided p ro fits________ 8,799.33 Reserves _______________ 36.55 Demand deposits________ 553,899.55 U. S. Gov’t deposits____ 1,119.75 Public fu n d s ____________ 39,235.46 Total dep_____ $594,254.76  T o t a l_________________ $638,090.64  T o t a l_________________ $638,090.64   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  24  State of Arkansas: Bank Department  CITIZENS BANK, BEEBE Population 1,189. Chartered June 21, 1917.  White County  Telephone Number 55.  Transit Number 81-588  Officers  Directors  E. H. A bin gton _________President J. R. Sloan__________ Vice President T. E. A bin gton _____ .______Cashier  Catherine C. Abington H. M. Dodds E. H. Abington J. R. Sloan T. E. Abington J. C. Williams T. S. Dabney  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts------ $168,036.55 17.71 O verdrafts__ U. S. Gov’t obligations__ 9,600.00 900.00 Other bonds and securities Furniture and fix tu res__ 1.00 Banking house _ 1.00 1.00 Other real estate Cash and due from banks. 577,830.39  Liabilities Capital stock ________ .. $ 25,000.00 5,000.00 Surplus fund 9,954.12 Undivided profits 22,603.19 Reserves _ _ . 663,939.56 Demand deposits 29,890.78 Public funds Total deposits _$693,830.34  Total  Total  $756,387.65  . $756,387.65  BELLEVILLE BANK, BELLEVILLE Population 411. Chartered January 6, 1905.  Yell County  Telephone Number 051.  Officers  Transit Number 81-294 Directors  J. C. W oodson-----------------President Mrs. J. C. W oodson_Vice President F. T. M ou d y______________ Cashier  Carl Woodson, Jr. Mrs. J. C. Woodson J. C. Woodson  STATEMENT OF JUNE 30, 1948 Resources  Loans and discounts_____$ 49,895.56 O verdrafts______________ 274.55 U. S. Gov’t obligations___ 180,400.00 1.00 Furniture and fixtu res__ Cash and due from banks_ 84,677.74  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $315,248.85  Liabilities Capital stock ___________$ 10,000.00 Surplus f u n d ___________ 10,000.00 Undivided p r o f it s _______ 8,078.47 Demand d eposits________ 260,452.33 Public fu n d s ------------------ • 26,718.05 Total deposits $287,170.38 Total  $315,248.85  25  Thirty-Fourth Report  BENTON STATE BANK,BENTON Population 3,502.  Saline County  Chartered February 9, 1934. . Telephone Number 18. Officers W. R. A lsobrook_________President W. A. Springer______Vice President T. B. L y le ________________ Cashier  Transit Number 81-711  Directors Dr. H. B. Alsobrook W. A. Springer W. R. Alsobrook D. J. Stirmon Clyde E. Fish L. B. White H. J. Gingles T. B. Lyle W. R. Stephens, Jr.  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts__ $ 320,809.08 U. S. Gov’t obligations-_ 1,704,707.00 Other bonds & securities 671,287.80 3,023.42 Furniture and fixtures_ 3,064.84 Banking house Cash and due from banks 830,062.04  $3,532,954.18  Total  Liabilities $ 75,000.00 Capital stock _ 110,000.00 Surplus fund 6,913.53 Undivided profits 15,000.00 Reserves 2,401,513.47 Demand deposits 369,851.31 Time deposits 11,822.13 U. S. Gov’t deposits___ 518,353.74 Public funds 24,500.00 Deposits of banks Total dep. —$3,326,040.65 Total  $3,532,954.18  BANK OF BENTONVILLE, BENTONVILLE Population 2,359.  Benton County  Chartered February 25, 1931. Telephone Number 149. Transit Number 81-701 Officers Arthur P. S m ith_________President Vol T. Lindsey_____ Vice President Fred D ou gla s____________ Cashier Earl F ield s______Assistant Cashier  Fred Douglas Gordon Knott Vol T. Lindsey Vern Rife  Directors T. Bryant Settle Arthur P. Smith Leta D. Smith  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 484,973.93 U. S. Gov’t obligations __ 1,479,082.07 51,877.50 Other bonds and securities 4,000.00 Furniture and fixtures_ 4,500.00 Banking hou se_________ Cash and due from banks 641,526.86 2,270.20 Other resources ________  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $2,668,230.56  Liabilities Capital s to c k __________: 1 30,000.00 30.000. 00 Surplus .fu n d __________ 21,960.88 Undivided p r o fits _____ 30.000. 00 Reserves ______________ Demand deposits ______ 1,919,116.45 185,089.19 Time d eposits_________ 12,151.69 U. S. Gov’t deposits___ 433,225.03 Public fu n d s___________ 6,687.32 Deposits of ban ks______ Total dep.—$2,556,269.68 Total  $2,668,230.56  26  State of Arkansas: Bank Department  BANK OF BLEVINS, BLEVINS Population 331. Chartered August 12, 1912.  Hempstead County  Telephone Number 2274.  Officers  Transit Number 81-518 Directors  H. M. Stephens_________President Herbert M. Stephens__ Vice President P. C. Stephens_____________ Cashier  Herbert M. Stephens H. M. Stephens P. C. Stephens  STATEMENT OF JUNE 30, 1948 Resources  Liabilities  Loans and discounts_____$111,357.97 U. S. Gov’t obligations___ 156,100.00 Other bonds and securities 16,000.00 Furniture and fixtures___ 1.00 Banking h o u se __________ 700.00 Other real esta te________ 2.00 Cash and due from banks- 63,232.54  Capital s to ck ____________ $ 25,000.00 Surplus fu n d ____________ 15,000.00 Undivided p ro fits ________ 10,014.06 R eserves________________ 1,326.78 Demand d eposits________ 275,860.30 Time deposits___________ 6,429.25 U. S. Gov’t d eposits_____ 2,846.25 Public fu n d s ____________ 10,916.87 Total deposits -$296,052.67  T o t a l_________________ $347,393.51  T o t a l_________________ $347,393.51  FARMERS BANK AND TRUST COMPANY, BLYTHEVILLE Population 10,652. Chartered March 16, 1908. B. R. F. R. B. N. Lee  Mississippi County  Telephone Number 4456.  Officers A. Lynch______________President A. Porter________ Vice President E. Warren_______ Vice President L. Banister_____________ Cashier F. Brogdon_______ Asst. Cashier H. Whitis_________Asst. Cashier Crowe____________ Asst. Cashier  Transit Number 81-105  Directors J. L. Cherry C. A. Richards C. A. Cunningham B. S. Simmons I. R. Johnson F. E. Warren B. A. Lynch  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts_____$2,039,659.47 Overdrafts ____________ 1,840.95 U. S. Gov’t obligations— 4,925,500.00 Other bonds and securities 76,900.00 Furniture and fixtures_ 1.00 Banking house_________ 65,000.00 Cash and due from banks 1,562,125.04 Other resources________ 41,682.58  Liabilities Capital s to ck __________ $ 200,000.00 Surplus f u n d __________ 200,000.00 Undivided p r o fit s ______ 182,446.24 Reserves ______________ 7,753.72 Demand deposits__ ____ 6,448,705.29 Time deposits__________ 1,012,340.91 U. S. Gov’t deposits_____ 32,092.00 Public fu n d s___________ 388,564.51 Deposits of banks_______ 199,124.79 Total dep._$8,080,827.50 Other liabilities________  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $8,712,709.04  Total  41,681.58 $8,712,709.04  27  Thirty-Fourth Report  CITIZENS BANK, BOONEVILLE Population 2,324. Chartered April 18, 1910.  Logan County  Telephone Number 274.  Transit Number 81-195  Officers Directors Mattie Edwards___________ President George Ross Edwards Mattie Edwards Abe Williams_________Vice President Charles X. Williams Abe Williams Long John Williams_________Cashier Long John Williams Paul X. Williams STATEMENT OF JUNE 30, 1948 Resources Loans and discounts____ !j 807,052.43 Overdrafts ____________ 3,480.65 U. S. Gov’t obligations__ 760,877.20 Furniture and fixtures-_ 1.00 Banking house_________ 1.00 Other real estate_______ 3.00 Cash and due from banks 465,047.19 Total  $2,036,462.47  Liabilities 50.000. 00 Capital s to c k _________$ 50.000.00 Surplus f u n d __________ 34,058.72 Undivided p r o fits ______ Demand deposits ______ 1,787,210.77 1,391.98 U. S. Gov’t deposits____ 113,801.00 Public fu n d s___________ Total dep.__$l,902,403.75 $2,036,462.47  Total  THE BANK OF BRADLEY, BRADLEY Population 409. Chartered April 10, 1933.  Lafayette County  Telephone Number 7111.  Officers J. B. Edwards_____________ President Margaret R. Meek____ Vice President J. W. Meek_________________ Cashier J. W. Meek, Jr________ Asst. Cashier  Transit Number 81-513  J. B. Edwards L. B. Hamner  Directors J. WT. Meek Margaret R. Meek  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______$213,479.07 Overdrafts ______________ 94.79 U. S. Gov’t obligations___ 188,600.00 Other bonds and securities 25,600.00 Furniture and fixtures___ 500.00 500.00 Banking hou se___________ Other real estate_________ 4.00 Cash and due from banks- 113,469.53 Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $542,247.39  Liabilities Capital stock ___________ $ 25,000.00 Surplus fu n d ____________ 17,500.00 8,372,26 Undivided p ro fits ________ Demand deposits________ 374,628.19 Public fu n d s ____________ 116,746.94 Total dep_____ $491,375.13  Total  $542,247.39  28  State of Arkansas: Bank Department  BANK OF BRINKLEY, BRINKLEY Population 3,409. Chartered January 17, 1903.  Monroe County  Telephone Number 31.  Officers Andrew Flora_____________President Frank Andrews._____ Vice President John F. Cole— Active Vice President Robert Moore_______________ Cashier R. H. Midkiff------------- Asst. Cashier  Transit Number 81-191  Directors Frank Andrews E. D. McKnight Andrew Flora A. Rusher W. W. Sharp  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 500,659.39 U. S. Gov’t obligations_ 1,176,832.37 Other bonds and securities 118,921.50 Furniture and fixtures_ 4,301.98 Banking house_________ 10,000.00 Other real estate_______ 2.00 Cash and due from banks _ 442,691.61 Other resources________ 1,531.48 Total  $2,254,940.33  Liabilities Capital s t o c k __________ $ 50,000.00 Surplus f u n d __________ 50,000.00 Undivided p r o fit s ______ 20,695.01 Demand deposits_______ 1,595,966.79 Time deposits__________ 352,674.07 U. S. Gov’t deposits_____ 45,602.05 140,002.41 Public funds___________ Total dep.__$2,134,245.32 Total  $2,254,940:33  BANK OF CABOT, CABOT Population 741. Chartered March 23, 1903.  Lonoke County  Telephone Number 19.  Transit Number 81-304  Officers Directors Jake W. Lowman___________President J. C. Alexander J. E. Gregory Fred B. Garlington____ Vice President O. H. Davis J.M. Park J. M. Park___________________ Cashier Fred B. Garlington Jake W. Lowman Miss Mildred Griffin___Asst. Cashier Mrs. Glendene James__Asst. Cashier Mrs. Cecil Owen_______ Asst. Cashier STATEMENT OF JUNE 30, 1948 Resources Loans and discounts____ $ 557,435.27 O verdrafts____________ 479.84 U. S. Gov’t obligations_ 458,900.00 Other bonds and securities 74,978.16 Furniture and fixtures_ 1.00 Banking house_________ 2,501.00 Cash and due from banks _433,002.57  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,527,297.84  Liabilities 30.000. 00 Capital s t o c k _________ $ 60.000. 00 Surplus f u n d --------------34,354.41 Undivided profits_______ 4,411.03 Reserves ---------------------Demand deposits_______ 1,290,872.72 U. S. Gov’t deposits_____ 11,309.11 96,350.57 Public fu n d s ___________ Total dep._$1,398,532.40 Total  $1,527,297.84  29  Thirty-Fourth Report  STATE BANK OF CALICO ROCK, CALICO ROCK Population 738. Chartered May 1, 1914.  Izard County  Telephone Number 4.  Transit Number 81-305  O ffip p rQ  T)irp<*torsi  S. E. McNeill_____________President Noel J. Copp__________Vice President E. C. Rodman______________ Cashier Roy Perryman_________Asst. Cashier  Noel J. Copp L. E. Evans  S. E. McNeill E. C. Rodman  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts____ $ 183,504.09 Overdrafts ____________ 1,273.08 U. S. Gov’t obligations_ 814,100.00 Other bonds and securities 7,000.00 Furniture and fixtures_ 1.00 Banking house_________ 1,000.00 Other real estate_______ 1.00 Cash and due from banks 436,172.36 Other resources________ 1,361.00  Liabilities Capital s to c k __________$ 25,000.00 Surplus f u n d __________ 20,000.00 Undivided p r o fits ______ 12,075.50 Demand deposits ______ 1,368,878.98 Time deposits__________ 4,889.19 Public fu n d s___________ 13,568.86 Total dep.__$l,387,337.03  Total _______________ $1,444,412.53  Total _______________ $1,444,412.53  THE MERCHANTS AND PLANTERS BANK, CAMDEN Population 8,975. Chartered March 4, 1931.  Ouachita County  Telephone Number 6-2446.  Officers C. I. Grayson______ President H. T. Patton__________Vice President J. W. Coan__________________ Cashier E. L. Harrison____ Assistant Cashier P. W. Wooldridge--Assistant Cashier  Transit Number 81-96 Directors  Mike Berg J. W. Coan E. W. Copeland C. S. Early C. I. Grayson  E. L. Harrison H. T. Patton John C. Watts P. W. Wooldridge  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts____ $ 554,279.22 U. S. Gov’t obligations_ 2,480,000.00 Other bonds and securities 980,542.72 Furniture and fixtures_ 1.00 Cash and due from banks 1,329,226.58 Other resources________ 1.00  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $5,344,050.52  Liabilities Capital s to c k __________ $ 100, 000.00 Surplus fund __________ 50.000. 00 Undivided profits________ 101,309.36 Reserves ______________ 50.000. 00 Demand deposits_______ 3,976,880.33 Time deposits _________ 733,866.78 U. S. Gov’t deposits___ 47,495.82 Public funds __________ 278,084.85 Deposits of ban k s______ 6,413.38 Total dep.__$5,042,741.16 Total  $5,344,050.52  30  State of Arkansas: Bank Department  CITIZENS BANK, CARLISLE Population 1,080. Chartered Dec. 22, 1930.  Lonkoe County  Telephone Number 2111.  Officers F. E. Downs, Jr__________ President A. H. Hunt___________ Vice President J. L. Woosley_______________ Cashier Miss Mary Burnett-Assistant Cashier R. L. Hunt_________ Assistant Cashier  Transit Number 81-689  Directors A. B. Birdsong Elmer L. Morris F. E. Downs, Jr. F. M. Perkins J. M. Johnson H. L. Perkins  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 174,385.25 U. S. Gov’t obligations— 1,132,300.00 Other bonds and securities 2,500.00 Furniture and fixtures— 1,500.00 Banking h o u se _________ 1,500.00 Cash and due from banks 300,106.42 Other resources________ 579.71  Liabilities Capital s t o c k __________ $ 25,000.00 Surplus f u n d __________ 25,000.00 Undivided p r o f it s ______ 38,847.90 Demand deposits ______ 1,439,369.23 U. S. Gov’t deposits___ 27,507.36 55,867.61 Public fu n d s ___________ Total dep.__$l,522,744.20 Other liabilities________  Total _________________ $1,612,871.38  1,279.28  T ota l___________________$1,612;871.38  BANK OF CAVE CITY, CAVE CITY Population 427. Chartered July 2, 1906.  Sharp County  Telephone Number 2F2.  Officers Eagle Street----------------------President Mrs. J. M. Street------- Vice President J. L. Lewsaw________________ Cashier James Street______Assistiant Cashier  Transit Number 81-310  Directors J. A. Carpenter Eagle Street J. L. Lewsaw Mrs. J. M. Street  STATEMENT OF JUNE 30, 1948 Resources Liabilities Loans and discounts______ $145,145.76 Capital s to c k ____________ $ 20,000.00 O verdrafts______________ 42.12 Surplus fu n d ____________ 10,000.00 7,260.02 U. S. Gov’t obligations____ 421,258.42 Undivided p r o fits ________ Furniture and fixtures______________ 2,500.00 Demand d e p o sits________ 617,430.66 3,726.63 Banking h o u s e ________ 5,000.00 U. S. Gov’t deposits______ Cash and due from banks_ 96,726.89 Public funds ____________ 12,255.88 Total deposits_$633,413.17 Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $670,673.19  Total  $670,673.19  31  Thirty-Fourth Report  AMERICAN STATE BANK, CHARLESTON Population, 958. Chartered June 29, 1910.  Franklin County  Telephone Number 14.  Transit Number 81-268  O ff i p p r c  DirAptnrQ  C. H. Hiatt_______________President B. H. McDonald____ Vice President Clyde Hiatt_________________ Cashier H. E. Shumate_____Assistant Cashier  Clyde Hiatt C. H. Hiatt B. H. McDonald  H. E. Shumate McLoud Sicard Sam B. Stevinson  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 525,644.88 1,666.15 Overdrafts ____________ U. S. Gov’t obligations_ 533,407.58 29,888.40 Other bonds and securities Furniture and fixtures_ 1.00 Banking house ________ 1,000.00 Cash and due from banks 238,849.84 1.00 Other resources ________  Liabilities Capital s t o c k __________ $ 25,000.00 Surplus f u n d __________ 25,000.00 Undivided p r o f it s ______ 58,052.63 Demand deposits_______ 1,096,554.46 Time deposits__________ 62,445.68 U. S. Gov’t deposits___ 12,049.53 Public funds __________ 51,356.55 Total dep._$1,222,406.22  Total  Total  $1,330,458.85  $1,330,458.85  BANK OF CHERRY VALLEY, CHERRY VALLEY Population, 500. Chartered January 24, 1907.  Cross County  Telephone Number 2391.  Officers R. Eli Halk----------------------President W. M. Smith, Sr--------- Vice President T. J. Pickett_______________ Cashier H. H. Beasley______Assistant Cashier  Transit Number 81-313  Directors R. Eli Halk W. M. Smith, Sr. H. P. Maddox, Sr.  STATEMENT OF JUNE 30, 1948 Resources Liabilities Loans and discounts_$197,874.69 Capital stock -----------------$ 25,000.00 O verdrafts------------347.42 Surplus fu n d ------------------ 15,000.00 U. S. Gov’t obligations_ 304,936.00 Undivided p r o fits ________ 8,662.44 Furniture and fixtures___ 1.00 Demand d ep osits________ 544,866.77 Banking h o u s e __________ 1.00. Public funds ------------------ 31,092.34 Cash and due from banks__ 121,219.84 Total deposits_$575,959.11 Other resou rces___ 241.60 Total ___________________ $624,621.55   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Total ----------------------------- $624,621.55  32  State of Arkansas: Bank Department  BANK OF CHIDESTER, CHIDESTER Population, 508. Chartered April 29, 1909.  Ouachita County  Telephone Number 3.  Officers W. G. Rushing------------------ President T. H. Benton--------------- Vice President C. B. Clingan------------ Vice President W. C. Stinnett----------------------Cashier Laura Lee Aarant_Assistant Cashier  Transit Number 81-314 D irp rtn ra  T. H. Benton C. B. Clingan Mollie E. Purifoy W. G. Rushing  W. C. Stinnett Beulah Taylor J. T. Walker  STATEMENT OF JUNE 30, 1948 Resources Loans and d iscou n ts___ $ 64,499.70 O verdrafts---------------------578,26 U. S. Gov’t obligations------ 306,160.00 Other bonds and securities 16,778.70 Furniture and fixtures___ 800.00 Banking h o u s e __________ 800.00 1.00 Other real esta te________ Cash and due from banks_115,136.04 Other resou rces_________ 100.12  Liabilities Capital s to ck __ _________ .$ 10,000.00 Surplus fund - _____ . 13,000.00 Undivided profits 4,642.82 Demand deposits _______ . 467,158.49 U. S. Gov’t deposits_____ 899.00 Public fu n d s _ ___ 8,909.76 Total deposits_$476,967.25  Total ___________________ $504,853.82  Total  Other liabilities__ __ _ . __  243.75  _______ _____ .$504,853.82  THE MERCHANTS AND PLANTERS BANK, CLARENDON Population 2,551. Chartered July 23, 1890.  Monroe County  Telephone Number 18.  Transit Number 81-164  Officers Directors S. J. D e a n ______________President H. B. Bateman C. T. Doss C. T. D o s s __________ Vice President W. H. Brown J. B. Fletcher W. H. Brown __ Vice Pres. & Cashier C. C. Cannon Jas. F. Wolfe P. N. Jam es______Assistant Cashier S. J. Dean STATEMENT OF JUNE 30, 1948 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  295,875.52 231.70 649,388.94 167,183.35 2,818.00 7,750.00 209,268.68 1,200.00  $1,333,716.19  Liabilities Capital s t o c k __________ $ 50,000.00 Surplus f u n d __________ 25,000.00 Undivided p r o fit s ______ 26,366.86Demand deposits_______ 973,250.41 Time deposits__________ 79,819.40 Public fu n d s ----------------179,279.52: Total dep. -$1,232,349.33 Total  $1,333,716.10  33  Thirty-Fourth Report  CLINTON STATE BANK, CLINTON Population 915. Chartered October 16, 1946.  Van Buren County  Telephone Number 131.  Officers Howard Johnson_________President C. M. H orton ________Vice President Garner M. Johnson_________ Cashier Joe S. B owling___ Assistant Cashier Joe F ra ser_______Assistant Cashier  Transit Number 81-758  Directors Homer Brown Roy Lefler C. M. Horton Arthur Lewis Howard Johnson  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ ! U. S. Gov’t obligations— Other bonds and securties Furniture and fixtures — Banking h o u se ------------Cash and due from banks  Total  284,350.58 802,575.91 163,183.29 12,500.00 16,000.00 198,783.09  $1,477,392.87  Liabilities Capital s t o c k __________$ 50,000.00 Surplus fund --------------20,000.00 Undivided p r o fit s ______ 20,305.68 Demands deposits______ 1,268,687.39 U. S. Gov’t deposits___ 7,774.92 Public fu n d s ___________ 110,624.88 Total dep. _$1,387,087.19 Total  $1,477,392.87  FIRST STATE BANK, CONWAY Po*pulation 5,782. Chartered February 8, 1946.  Faulkner County  Telephone Number 390.  Transit Number 81-754  Officers Directors W. D. Ketcheside__________President J. R. Edwards J. R. Ott Thos. G. Wilson_Exec. Vice President Edw. A. Halter Dave H. Ward N. H. Sm ith__________________ Cashier W. E. Jumper Thos. G. Wilson W. D. Ketcheside STATEMENT OF JUNE 30, 1948 Resources Loans and discounts----- \ U. S. Gov’t obligations-_ Other bonds and securities Furniture and fixtures __ Banking h ou se------------Cash and due from banks  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  441,561.29 857,783.48 167,536.09 10,148.29 11,600.00 329,054.95  $1,817,684.10  Liabilities Capital s t o c k __________ $ 60,000.00 Surplus f u n d __________ 12,500.00 Undivided p r o fit s ______ 18,120.22 Reserves --------------------3,600.00 Demand deposits_______ 1,348,141.56 Time deposits__________ 33,780.46 Public fu n d s ___________ 341,541.86 Total dep. —$1,723,463.88 Total  $1,817,684.10  34  State of Arkansas: Bank Department  THE CORNING BANK, CORNING Population 1,619. Chartered January 29, 1931.  Clay County  Telephone Number 94.  Officers E. Vandover — :___________President Mrs. F. B. Sprague — Vice President G. A. L am b-------------------------Cashier  Transit Number 81-211  Directors L. G. Black Joseph Sellmeyer M. G. Hoffman Mrs. F. B. Sprague G. A. Lamb S. Talkington H. N. Ratcliffe E. Vandover  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $1,364,896.10 U. S. Gov’t obligations_ 6,000.00 Other bonds and securities 19,870.00 Furniture and fixtu res_ 1.00 Banking house ________ 5,000.00 Cash and due from banks 886,588.68  Total  $2,282,355.78  Liabilities Capital s t o c k __________ $ 50,000.00 Surplus f u n d __________ 40,000.00 Undivided p r o fit s ______ 54,550.71 Demand deposits_______ 1,859,048.98 Time deposits__________ 120,852.70 U. S. Gov’t deposits____ 5,318.24 152,585.15 Public fu n d s ___________ Total dep__ $2,137,805.07 Total  $2,282,355.78  BANK OF CROSSETT, CROSSETT Population 4,891. Chartered December 22, 1913.  Ashley County  Telephone Number 52.  Transit Number 81-321  Officers Directors E. C. C rossett____________ President E. C. Crossett William C. Norman P. F. W atzek________Vice President Roy Dooley P. F. Watzek Roy D ooley_______________ Cashier K. O. Elderkin S. A. Wilcoxon C. E. Hannum___ Assistant Cashier STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 348,194.01 U. S. Gov’t obligations— 2,150,486.71 Other bonds and securities 43,055.01 Furniture and fixtu res_ 11,437.27 Cash and due from banks 502,563.09 Other resources________ 7.00  Liabilities Capital s t o c k ----------------$ 50,000.00 Surplus fund ---------------95,000.00 Undivided p r o f it s ---------51,207.84 Reserves ---------------------2,801.43 Demand deposits----------- 2,056,379.92 Time deposits -------------612,147.20 U. S. Gov’t deposits___ 30,880.05 Public fu n d s ___________ 140,306.65 Total dep._$2,839,713.82 Other liabilities________  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $3,055,743.09  Total  17,020.00 $3,055,743.09  35  Thirty-Fourth Report  DANVILLE STATE BANK, DANVILLE Population 1,010. Chartered October 3, 1930.  Yell County  Telephone Number 36.  Transit Number 81-700  Officers Directors John Ed Chambers_______President John Ed Chambers J. W. Hull Neil S im s___________ Vice President J. E. Chambers Neil Sims Jim Bill G atlin_____________ Cashier Jim Bill Gatlin J. F. N un n _______Assistant Cashier Selma C. Gatlin __ Assistant Cashier STATEMENT OF JUNE 30, 1948 Resources Loans and discounts____ $121,560.41 U. S. Gov't obligations__ 482,732.19 Other bonds and securities 30,373.83 Furniture and fix tu re s__ 1.00 Banking h o u se __________ 1.00 Cash and due from banks- 159,768.90 Other resou rces_________ 1.00  Total  $794,438.33  Liabilities Capital s to ck ____________ $ 25,000.00 Surplus fu n d ____________ 17,500.00 Undivided p ro fits ------------ 17,072.13 R eserves________________ 2,000.00 Demand d ep osits________ 587,551.65 U. S. Gov’t deposits______ 3,937.50 Public funds ____________ 141,377.05 Total deposits -$732,866.20 Total  $794,438.33  BANK OF DARDANELLE, DARDANELLE Population 1,807.  Yell County  Chartered September 12, 1934. Telephone Number 28. Transit Number 81-599 Officers Thos. V. Jones_____________ President Garrett Jones------------- Vice President Garland D. Nichols__________Cashier Garaldine Waid________Asst. Cashier  C. R. George Garrett Jones Thos. V. Jones  Directors Garland D. Nichols Jimmie Wallis  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts____ $ 221,342.86 U. S. Gov’t obligations__ 522,000.00 Other bonds and securities 18.65 Furniture and fixtures_ 2,135.00 Banking house_________ 3,600.00 Cash and due from banks 273,774.24  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,022,870.75  Liabilities Capital s to c k __________$ 25,000.00 Surplus f u n d __________ 25,000.00 Undivided p r o fits ______ 19,735.60 Demand deposits_______ 806,759.16 Time deposits__________ 36,671.02 U. S. Gov’t deposits____ 28,590.70 Public fu n d s___________ 81,114.27 Total dep._$ 953,135.85 Total  $1,022,870.75  36  State of Arkansas: Bank Department  BANK OF DELIGHT, DELIGHT Population 481. Chartered June 16, 1911.  Pike County  Telephone Number 20.  Officers C. E. Johnson_____________ President Frank Reid___________ Vice President D. C. H um phry_____________ Cashier Dorothy Johnson______Asst. Cashier  Transit Number 81-326  Directors D. C. Humphry C. E. Reid C. E. Johnson Frank Reid J. M. May  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts _ ..$154,363.01 31.08 Overdrafts _ . U. S. Gov’t obligations___ . 204,900.00 1.00 Furniture and fixtures__ 1.00 Banking house _ _ _ Cash and due from banks... 210,539.71  Total  .$569,835,80  . . .  Liabilities Capital stock . . . .$ 25,000.00 Surplus fund . . . . 10,000.00 Undivided profits 9,991.90 Demand deposits . 507,892.91 Time deposits 410.80 U. S. Gov’t deposits 1,068.75 Public funds ___ . 15,471.44 Total dep. .$524,843.90 Total  __  _  .$569,835.80  DERMOTT STATE BANK, DERMOTT Population 3,083. Chartered July 8, 1935.  Chicot County  Telephone Number 11.  Officers John Baxter______________ President W. F. Pierce__________ Vice President Clarence Horton___________ Cashier Jessie B. Downey______Asst. Cashier  Transit Number 81-720  Directors Dr. B. E. Barlow W. E. Lephiew John Baxter W. F. Pierce W. H. Bynum  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts_____$ 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  715,869.86 538,457.50 109,329.37 750.00 1,750.00 363,338.73  $1,729,495.46  Liabilities Capital s to c k __________$ 50,000.00 Surplus f u n d __________ 50,000.00 Undivided p r o fit s ______ 39,166.47 Reserves ______________ 2,500.00 Demand deposits_______ 1,042,692.06 Time d ep osits_________ 272,897.08 U. S. Gov’t deposits____ 11,790.76 Public fu n d s___________ 260,449.09 Total dep._$1,587,828.99 Total  $1,729,495.46  37  Thirty-Fourth Report  FARMERS AND MERCANTS BANK, DES ARC Population 1,410. Chartered January 20, 1902.  Prairie County  Telephone Number 2191.  Officers Henry Nichols____________ President L. R. Brown__ Vice Pres. & Cashier N. R. Kirkwood______Asst. Cashier  L. R. Brown Henry Nichols  Transit Number 81-233 Directors S. R. Nichols  STATEMENT OF JUNE 30, 1948 Resources Liabilities Capital s to c k __________i Loans and discounts____ $ 162,583.38 U. S. Gov’t obligations-_ 646,000.00 Surplus f u n d __________ Other bonds and securities Undivided p r o fits ______ 19,745.49 Furniture and fixtures_ 1.00 Reserves ______________ Banking house_________ 1.00 Demand deposits_______ Other real estate_______ 1.00 Time deposits_________ Cash and due from banks 259,163.97 Public fu n d s ___________ Total dep._$ 991,795.96 Total  $1,087,495.84  Total  25.000. 00 50.000. 00 16,507.59 4,192.29 681,746.08 60,632.19 249,417.69  $1,087,495.84  DeWITT BANK AND TRUST COMPANY, DeWITT Population 2,498. Chartered March 1, 1929.  Arkansas County  Telephone Number 4161.  Transit Number 81-245  Officers Directors W. F. Schallhorn__________President A. G. Bauer R. H. Maddox R. H. Maddox Vice Pres. & Cashier Julian Brown W. F. Schallhorn Julian B row n ____ Assistant Cashier G. W. Hall C. L. Whitmore F. A. T r ice _______Assistant Cashier STATEMENT OF Resources Loans and discounts___ $ 952,685.31 U. S. Gov’t obligations_ 1,008,500.00 Other bonds and securities 516,430.90 1.00 Furniture and fixtures_ Banking h ou se_________ 1.00 Other real estate_______ 1.00 Cash and due from banks 2,076,294.82 1.00 Other resources________ Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $4,553,915.03  JUNE 30, 1948 Liabilities Capital s t o c k __________ $ 100,000.00 Surplus fund __________ 70,000.00 Undivided p r o fit s ______ 68,319.82 Demand deposits_______ 3,795,213.77 Time deposits__________ 277,833.83 U. S. Gov’t deposits___ 46,472.06 Public fu n d s___________ 196,075.55 Total dep. _-$4,315,595.21 Total  $4,553,915.03  State of Arkansas: Bank Department  38  BANK OF DIERKS, DIERKS Population 1,459. Chartered February 7, 1906.  Howard County  Telephone Number 15.  Officers  Transit Number 81-328 Directors  Lewis M. L a y e r__________ President Lewis M. Layer T. F. Westbrook T. F. Westbrook.Vice Pres. & Cashier Mrs. Lydia M. Layer Mrs. Opal Simmington.Assist. Cashier Mrs. Lula Westbrook STATEMENT OF JUNE 30, 1948 Resources  Liabilities  Loans and discounts_ $ 85,024.14 U. S. Gov’t obligations__ 400,000.00 Furniture and fixtures __ 550.00 Banking house 1,550.00 Cash and due from banks. 173,403.07 Other resources 1,000.00  $ 25,000.00 Capital stock* 5,000.00 Surplus fund 8,332.13 Undivided profits 7,500.00 Reserves 595,269.75 Demand deposits 1,278.08 Time deposits 19,147.25 Public funds Total deposits-_$615,695.08  $661,527.21  Total  $661,527.21  Total  *First preferred stock with par value of $7,500.00 and common stock with par value of $17,500.00.  BANK OF DOVER, DOVER Population 493.  Pope County  Chartered September 29, 1905. Telephone Number 2481. Transit Number 81-329 Officers  Directors  John E. M oore------------------ President T. C. Campbell____ Vice President W. M. W allace-------------------- Cashier  T. C. Campbell L. J. Churchill S. F. McCain  John E. Moore W. M. Wallace  STATEMENT OF JUNE 30, 1948 Resources  Liabilities  Loans and discounts______$110,103.86 U. S. Gov’t obligations__ 179,100.00 Furniture and fix tu re s__ 635.38 Banking h o u s e __________ 4,000.00 Cash and due from banks 127,379.58 Other resou rces_________ 1.00  Capital s to ck __ __________$ 25,000.00 Surplus fu n d ____________ 10,000.00 Undivided p r o fits ________ 9,790.51 Demand d ep osits________ 353,796.00 U. S. Gov’t deposits______ 58.85 Public funds ____________ 22,574.46 Total deposits_$376,429.31  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $421,219.82  Total  $421,219.82  39  Thirty-Fourth Report  MERCHANTS AND FARMERS BANK, DUMAS Population 2,323. Chartered May 10, 1909.  Desha County  Telephone Number 114.  Officers  Transit Number 81-330 Directors  Walton H. R ic e __________ President Ray M axw ell_______Vice President Edgar C. Gannaway_______Cashier Juanita Rowland_Assistant Cashier Claud T. F ran k __ Assistant Cashier  R. A. Adcock J. L. McKennon J. E. Allmon R. A. Pickens R. F. Cox D. 0. Porter Jack S. Dante O. L. Puryear Edgar C. Gannaway Ray Maxwell Lamar Williamson Walton H. Rice  STATEMENT OF JUNE 30, 1948 Liabilities  Resources  Loans and discounts___ $ U. S. Gov’t obligations_ Other bonds and securities Furniture and fixtures __ Banking h ou se_________ Cash and due from banks Other resources________  729,611,06 736,900.00 183,629.58 4,539.58 5,000.00 317,967.40 5,646.58  $1,983,294.20  Total  Capital s t o c k __________$ 50,000.00 Surplus fund __________ 100,000.00 Undivided p r o fit s -------- , 30,767.25 Reserves ______________ 1,389.34 Demand deposits_______ 1,330,404.85 Time deposits__________ 176,214.02 U. S. Gov’t deposits___ 14,269.75 Public fu n d s ___________ 279,248.99 Deposits of ban k s______ 1,000.00 Total dep. __$1,801,137.61 Total  $1,983,294.20  EARLE STATE BANK, EARLE Population 1,872. Chartered April 24, 1947.  Crittenden County  Telephone Number 2131.  Officers  Transit Number 81-204 Directors  M. E. B ir d ______________President M. E. Bird W. M. W aters_______Vice President B. G. Dickey Mrs. Mary F. Fullw ood____ Cashier Everett Hood Miss Doris Murphee __ Asst. Cashier  W. M. Waters L. S. Young  STATEMENT OF JUNE 30, 1948 Liabilities  Resources  Loans and discounts----- « 275,350.13 7.06 Overdrafts -----------------U. S. Gov’t obligations_ 458,596.87 34,477.00 Other bonds and securities 7,166.79 Furniture and fixtures __ 7,206.89 Banking h ou se _________ Cash and due from banks 236,079.70 804.97 Other resources ________ Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,019,689.41  Capital s t o c k --------------- : Surplus fu n d --------------Undivided p r o fit s --------Reserves ______________ Demand deposits---------U. S. Gov’t deposits----Public fu n d s ___________ Total dep. __$ 916,007.28 Total  70.000. 00 15.000. 00 16,885.51 1,796.62 810,190.23 835.00 104,982.05  $1,019,689.41  State of Arkansas: Bank Department  40  DELTA STATE BANK, ELAINE Population 634. Chartered December 30, 1947.  Phillips County  Telephone Number 41.  Transit Number 81-759  Officers Directors Wm. Dem oret____________ President C. B. Barnhart Wm. Demoret W. C. M ood y________Vice President E. Clay Bumpers W. C. Moody Catherine M. R eid _________Cashier J. M. Countiss, Jr. F. R- Watson Mae M. P orter___ Assistant Cashier STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______$ 45,390.60 O verdrafts______________ 8.21 U. S. Gov’t obligations__ 75,029.42 Furniture and fix tu res__ 1,789.45 Cash and due from banks- 190,684.71  Liabilities Capital s to c k ____________ $ 40,000.00 Surplus f u n d ____________ 16,000.00 Undivided p r o fits ________ 3,455.00 Demand d ep osits________ 199,683.10 Public fu n d s ____________ 53,764.29 Total deposits_$253,447.39  T o t a l _________________ $312,902.39  Total _________________ $312,902.39  THE EXCHANGE BANK AND TRUST COMPANY, EL DORADO Population 15,858. Chartered August 12, 1933. Louis D. R. H. B. J. C.  Union County  Telephone Number 1470.  Officers E. H u rley___________ President Jam es--------------Vice President A x u m ________________ Cashier Craighead_Assistant Cashier  Transit Number 81-668  Directors H. B. Axum D. R. James R. L. Aycock T. M. Martin R. C. Bodenhamer R. E. Meinert W. A. “ Dick” Dumas Robert W. Newell E. B. Garrett Chas. H. Proetz Louis E. Hurley Joe G. Wepfer  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts----- $1,440,262.47 U. S. Gov’t obligations_ 1,577,179.14 Other bonds and securities 573,582.23 Furniture and fixtu res_ 11,058.34 Cash and due from banks 1,844,562.29  Liabilities Capital s t o c k __________ $ 100,000.00 Surplus f u n d ___________ 100,000.00 Undivided p r o fit s ______ 49,210.35 Reserves _______________ 16,117.94 Demand deposits_______ 4,006,418.52 Time deposits__________ 186,560.83 U. S. Gov’t deposits___ 732,341.13 Public fu n d s ___________ 252,166.68 Deposits of b an k s______ 3,755.12 Total dep__ $5,181,242.28 Other liabilities________  T o t a l_________________ $5,446,644.47  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  73.90  T o t a l_________________ $5,446,644.47  Thirty-Fourth Report  41  BANK OF ELKINS, ELKINS Population 350. Chartered June 1, 1912.  Washington County-  Telephone Number 29.  Officers J. E. Bunch____ President & Cashier Clyde West__________Vice President Oscar West____________ Asst. Cashier  Transit Number 81-506  Directors J. E. Bunch Roe Stokenbury J. C. Reed Clyde West J. P. Stokenbury  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts_$163,907.00 U. S. Gov’t obligations_ 499,300.00 Furniture and fixtures___ 318.52 Banking h o u s e ________ 1.00 Other real estate___ 1.00 Cash and due from banks_ 137,954.85  Liabilities Capital stock *___________ $ 25,000.00 Surplus fund ___________ 15,000.00 Undivided p ro fits ________ 6,158.60 Reserves________________ 4,000.00 Demand d eposits________ 503,681.05 Time deposits___________ 210,549.77 Public fu n d s ____________ 37,092.95 Total dep_____ $751,323.77  T o t a l_________________ $801,482.37  T o t a l_________________ $801,482.37  *First preferred stock with par value of $4,000.00 and common stock with par value of $21,000.00.  BANK OF ENGLAND, ENGLAND Population 2,027. Chartered August 23, 1898.  Lonoke County  Telephone Number 30.  Officers E. A. CarlLee----------------- President B. F. Murchison-------- Vice President Seth Boles, Jr---------------------- Cashier H. P. Bell--------------------Asst. Cashier  Seth Boles, Jr. E. A. CarlLee L. S. Rauton  Transit Number 81-213 Directors D. P. Mashburn, Jr. B. F. Murchison Thomas Murchison  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 582,772.92 U. S. Gov’t obligations_ 151,064.25 Furniture and fixtures. 1.00 Banking house_________ 5,000.00 Other real estate_______ 1.00 Cash and due from banks 288,063.97 Other resources _______ 1.00 Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,026,904.14  Liabilities Capital s to c k __________$ 25.000. 00 40.000. 00 Surplus f u n d __________ Undivided p ro fits________ 62,122.57 Demand deposits________ 777,022.39 Time d ep osits_________ 41,094.81 Public fu n d s___________ 81,664.37 Total dep._$ 899,781.57 Total  $1,026,904.14  42  State of Arkansas: Bank Department  THE CITIZENS BANK, ENGLAND Population 2,027. Chartered January 14, 1931.  Lonoke County  Telephone Number 29.  Officers Ben B. Morris____________ President Lois Rutherford_Vice Pres. & Cashier J. 0. DuPree--------------- Asst. Cashier  W. G. Cunning Ben B. Morris  Transit Number 81-492 Directors Lois Rutherford J. E. Swaim  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 311,924.61 Overdrafts 7,29 U. S. Gov’t obligations-_ 698,300.00 Furniture and fixtures-_ 1.00 Banking house 1.00 Other real estate 4.00 Cash and due from banks 371,155.02 Other resources 1.00  Total  $1,381,393.92  Liabilities .$ 30,000.00 Capital stock 30,000.00 Surplus fund 58,660.89 Undivided profits 16,048.61 Reserves . 1,086,223.37 Demand deposits _ 25,487.34 Time deposits 13,933.22 U. S. Gov’t deposits 121,040.49 Public funds Total dep._-$1,246,684.42 .$1,381,393.92  Total  THE EUDORA BANK, EUDORA Population 1,808. Chartered December 23, 1930.  Chicot County  Telephone Number 15.  Officers W. W. Grubbs_____________President C. B. Bowman________Vice President --------------------- Cashier C. A. Diehl Ben Brown____________ Asst. Cashier  Transit Number 81-334  Directors A. G. Anderson W. W. Grubbs C. B. Bowman J. M. McLeod Sam Bowman H. F. Scott E. T. Cashion R. T. Stephenson  STATEMENT OF JUNE 30, 1948 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   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  311,988.01 75.74 588,900.00 224,670.31 2,624.00 5,000.00 355,000.51  $1,488,258.57  Liabilities Capital stock___________ i Surplus fu n d ___________ Undivided p r o fit s ______ Reserves ______________ Demand deposits_______ Time deposits__________ U. S. Gov’t deposits_____ Public fu n d s ______ Total dep.__$l,343,449.25 Total  50.000. 00 35.000. 00 52,309.32 7,500.00 986,262.77 239,604.96 7,551.70 110,029.82  .$1,488,258.57  43  Thirty-Fourth Report  BANK OF EUREKA SPRINGS, EUREKA SPRINGS Population 1,770. Chartered May 4, 1912.  Carroll County  Telephone Number 3441.  Officers C. A. Fuller_______________ President Ray Freeman________Vice President D. Simpson_________________ Cashier  Transit Number 81-472  Ray Freeman C. A. Fuller Dr. J. F. John  Directors L. G. Roark D. Simpson R. R. Thompson  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts____ $ 144,266.47 Overdrafts ____________ 836.68 U. S. Gov’t obligations.- 528,200.00 Other bonds and securities 25,669.00 Furniture and fixtures. _ 5,317.52 Banking house_________ 4,000.00 1.00 Other real estate_______ Cash and due from banks 310,275.52 Other resources________ 4,201.10  Liabilities Capital s to c k __________$ 25,000.00 Surplus f u n d __________ 22,500.00 Undivided p r o fits ______ 9,477.18 Demand deposits _____ 703,825.69 Time d ep osits________ 185,459.20 U. S. Gov’t deposits____ 5,306.56 Public fu n d s___________ 71,198.66 Total dep.__$ 964,690.11  T o ta l________________ $1,022,767.29  T o ta l________________ $1,022,767.29  BANK OF EVENING SHADE, EVENING SHADE Population 347. Chartered February 5, 1901.  Sharp County  Telephone Number 6.  Officers J. O. Laman_______________ President Otto Cathey__________ Vice President E. B. Metcalf______________ Cashier J. B. Metcalf___________ Asst. Cashier  Otto Cathey J. O. Laman  Transit Number 81-336 Directors E. B. Metcalf 0. S. Westmoreland  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______$ 37,452.54 U. S. Gov’t obligations___ 333,773.74 Furniture and fixtures__ 1.00 Banking house__________ 1.00 Cash and due from banks. 117,334.88  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $488,563.16  Liabilities Capital stock____________ $ 10,000.00 Surplus fu n d ____________ 12,000.00 Undivided p r o f it s _______ 3,200.96 Demand deposits________ 398,279.94 Time deposits___________ 3.00 Public fu n d s ____________ 65,079.26 Total dep_____ $463,362.20 Total  $488,563.16  44  State of Arkansas: Bank Department  McILROY BANK, FAYETTEVILLE Population 8,212. Chartered December 24, 1892.  Washington County  Telephone Number 150.  Officers Hayden Mcllroy___________ President James H. Kays_V. Pres. & Tr. Officer Berry Vaughan---------- Vice President J. B. McConnell— Vice Pres. & Secy. P. L. Fowler— __Asst. Vice President R. E. Buck------------------ Asst. Cashier Eleanor Sheppard_____ Asst. Cashier Selma W. Farmer_____ Asst. Cashier L. 0. Graham------Asst. Trust Officer  Transit Number 81-87  Directors L. L. Baxter George Melbourn R. D. Bogart Herbert L. Thomas J. K. Gregory Berry Vaughan Clifton Wade James H. Kays J. B. McConnell Marion Wasson Hayden Mcllroy W. C. Whitfield Paul Young, Jr.  STATEMENT OF JUNE 30. 1948 Liabilities Resources Capital s t o c k __________ $ 100,000.00 Loans and discounts____ $2,121,306.87 Overdrafts ____________ 208.36 100,000.00 Surplus f u n d __________ U. S. Gov’t obligations,_ 2,663,974.60 Undivided p r o fit s ______ 146,957.73 Other bonds and securities 405,699.75 Reserves ______________ 100,000.00 Furniture and fixtures_ 46,885.26 Demand deposits_______ 4,564,867.62 Banking house_________ 78,328.33 Time deposits__________ 1,128,107.66 Cash and due from banks 2,447,374.62 U. S. Gov’t deposits_____ 87,233.83 Other resources________ 3,728.81 Public fu n d s ___________ 1,157,866.01 Deposits of banks_______ 382,473.75 Total dep._$7,320,548.97 Total  $7,767,506.60  Total  $7,767,506.60  FORDYCE BANK AND TRUST COMPANY, FORDYCE Population 3,429. Dallas County Chartered January 5, 1931. Telephone Number 83. Transit Number 81-127 Officers L. L. Trussell:_____________ President B. A. Mayhew_______ Vice President E. C. Benton__ Active Vice President Paul Offutt_________________ Cashier Jack Hearnsberger____ Asst. Cashier Mrs. M. S. Smith______ Asst. Cashier  Directors Oliver Anthony Paul Offutt E. C. Benton W. D. Stell, Jr. H. B. Benton C. F. Sturgis H. E. Dedman L. L. Trussell B. A. Mayhew S. A. Williams  STATEMENT OF JUNE 30, 1948 Liabilities Resources Capital stock__________ ! ! 50,000.00 Loans and discounts____ $ 357,521.03 50,000.00 Surplus f u n d __________ Overdrafts ____________ 714,07 Undivided p r o fit s ______ 69,826.45 U. S. Gov’t obligations_ 1,143,058.61 3,119.45 Reserves ______________ Other bonds and securities 455,629.75 Furniture and fixtures_ 4,721.00 Demand deposits_______ 1,666,820.64 516,007.79 Banking house_________ 8,000.00 Time d ep osits_________ U. S. Gov’t deposits____ 39,556.25 Cash and due from banks 600,288.57 Public fu n d s___________ 173,094.75 1,507.70 Deposits of banks_______ Total dep._$2,396,987.13 Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $2,569,933.03  Total  $2,569,933.03  45  Thirty-Fourth Report  PLANTERS BANK AND TRUST COMPANY, FORREST CITY Population 5,699. Chartered April 15, 1921.  St. Francis County  Telephone Number 326.  Officers  H. H. Cooper______________ President J. B. Fletcher__ Exec. Vice President C. T. Doss____________Vice President T. B. Rankin________________ Cashier Charles C. Moore______ Asst. Cashier J. H. Calhoun__________ Asst. Cashier Dione Kennedy_________Asst. Cashier  Transit Number 81-143 Directors  E. B. Belshe H. H. Cooper C. T. Doss J. B. Fletcher C. N. Haven Henry T. Haven L. F. Haven, Jr.  Mrs. E. B. Robinson W. W. Sharp Sam Sharpe R. R. Wilkerson Jas. F. Wolfe J. E. Womeldorff  STATEMENT OF JUNE 30, 1948 Resources  Liabilities  Loans and discounts____ $2,168,784.04 Overdrafts __________ 3,502.33 U. S. Gov’t obligations-_ 261,383.38 Other bonds and securities 528,409.48 Furniture and fixtures-10,606.33 Other real estate_______ 10,900.00 Cash and due from banks 791,245.82 Other resources________ 5,608.56  Capital stock _________$ 100,000.00 Surplus f u n d __________ 75,000.00 Undivided p r o fit s _____ 20,122.01 Reserves ______________ 7,490.21 Demand deposits_______ 2,418,257.29 Time d eposits_________ 831,705.94 U. S. Gov’t deposits____ 28,570.88 Public fu n d s___________ 285,114.72 Deposits of banks_______ 14,178.89 Total dep— $3,577,827.72  Total _______________ $3,780,439.94  Total _______________ $3,780,439.94  ARKANSAS VALLEY TRUST COMPANY, FORT SMJ IT^SMJPPH (Not engaged in commercial banking) Population 36,584.  Sebastian County  Chartered February 12,1906. Telephone Number 3147. Transit Number 81-571 Officers  Directors  Frank W. Youmans______President Leon E. Werntz______Vice President Walter T. G osm an______ SecretaryTreasurer Evangel Tatum--Assistant Secretary  Harry P. Daily Ander K. Orr S. Bernie Harper R. J. Speer Dr. E. C. MoultonLeon E. Werntz Dr. H. Moulton Frank W. Youmans Jerome Ney  STATEMENT OF JUNE 30, 1948 Resources  Liabilities  Loans and discounts_____ $225,718.06 Other bonds and securities 1,500.00 Furniture and fix tu res__ 13.594.03 Banking house___________ 39,238.07 Other real estate------------100.00 Cash and due from banks- 40,080.23 Other resources--------------- 221,183.11  Capital sto ck ____________ $150,000.00 Surplus fu n d ____________ 30,000.00 Undivided p ro fits ________ 43,235.76 Reserves________________ 17,712.53 Bills payable------------------ 165,000.00 Other liabilities_________ 135,465.21  T o t a l __________________ $541,413.50  T o t a l ----------------------------$541,413.50   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  46  State of Arkansas: Bank Department  THE BANK OF FRANKLIN, FRANKLIN Population 100. Chartered June 13, 1905. Officers W. A. Gaston_____________President J. W. Cooksey________Vice President R. M. Standerford___________ Cashier Estelle Gaston_________Asst. Cashier  Izard County Transit Number 81-338 Directors Sallie iVI. Simpson R. M. Standerford  J. S. Box J. W. Cooksey W. A. Gaston  STATEMENT OF JUNE 30, 1948 . Resources Loans and discounts_____ $110,772.91 O verdrafts______________ 39.45 U. S. Gov’t obligations___ 60,900.00 Other bonds and securities !i ,690.67 Furniture and fixtures__ 1.00 Banking house____________ 1.00 Cash and due from banks.. 56,929.99 Other resources__________ 153.00 T o t a l_________________ $236,488.02  Liabilities Capital sto ck ____________ $ 10,000.00 Surplus fu n d ____________ 10,000.00 5,179.50 Undivided p ro fits ________ Demand d eposits________ 197,902.49 U. S. Gov’t deposits______ 1,099.59 Public fu n d s ____________ 12,306.44 Total dep_____ $211,308.52 T o t a l_________________ $236,488.02  BANK OF GLENWOOD, GLENWOOD Population 854. Chartered December 27, 1912.  Pike County  Telephone Number 18.  Officers John Golden____ __________ President J. L. Pinkerton________Vice President H. H. Duke_________________ Cashier Doris Hutchings_______Asst. Cashier  Transit Number 81-343  Directors R. W. Brakefield G. S. Linsley C. R. Cantrell W. A. O’Neal H. H. Duke J. L. Pinkerton John Golden  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 328,121.83 17.37 Overdrafts ____________ U. S. Gov’t obligations_ 642,350.43 Other bonds and securities 2,499.00 Furniture and fixtures. _ 358.48 Banking house_________ 1.00 Cash and due from banks 245,038.97 Other resources________ 1.00 Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,218,388.08  Liabilities Capital stock___________ $ 25,000.00 20,000.00 Surplus f u n d __________ Undivided p r o fit s ______ 19,491.07 Demand deposits_______ 1,000,859.43 Time d e p o sits_________ 123,035.39 U. S. Gov’t deposits___ 918.75 Public funds __________ 29,083.44 Total dep.__$l,153,897.01 Total.  $1,218,388.08  47  Thirty-Fourth Report  BANK OF GRAVETT, GRAVETTE Population 865. Chartered February 28, 1898.  Benton County  Telephone Number 40.  Officers J. T. Edmondson__________President Philo Rodgers________Vice President Tom Cawood________________ Cashier Uther Kindley_________Asst. Cashier Eva Ballard___________ Asst. Cashier  Transit Number 81-269  Directors Tom Cawood Allen McAllister Stokes Ballard C. E. McAllister J. T. Edmondson, Jr. Philo Rodgers J. T. Edmondson, Sr.  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts____ $ 343,147.43 2,776.78 Overdrafts ____________ U. S. Gov’t obligations._ 650,480.00 Other bonds and securities 3,340.57 Furniture and fixtures-_ 2,615.00 Banking house_________ 5,260.00 Other real estate_______ 1.00 Cash and due from banks 605,512.74  Liabilities Capital s to c k __________ $ 25,000.00 25,000.00 Surplus f u n d __________ Undivided p r o fits _____ 29,710.77 Demand deposits_______ 1,461,952.58 Time deposits__________ 59,369.90 12,100.27 Public fu n d s___________ Total dep.__$l,533,422.75  Total _______________ $1,613,133.52  Total _______________ $1,613,133.52  FARMERS BANK, GREENWOOD Population 1,219. Chartered August 7, 1907.  Sebastian County  Telephone Number 76.  Officers W. N. Wilkinson__________President I. M. McClendon_____ Vice President Means Wilkinson Vice Pres. & Cashier Alice Holland_________ Asst. Cashier Geo. A. Henry________ Asst. Cashier  Transit Number 81-226  Directors Mrs. W. Lee Been Means Wilkinson C. O. Bell W. N. Wilkinson I. M. McClendon  STATEMENT OF JUNE 30, 1948 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  278,519.64 660,500.00 153,950.00 1,800.00 1.00 1.00 445,319.12  Liabilities Capital s to c k __________$ 25,000.00 25,000.00 Surplus f u n d __________ Undivided p r o fits _____ 33,080.19 Demand deposits ______ 1,013,997.79 Time deposits _________ 214,738.39 Public fu n d s___________ 228,274.39 Total dep.__$l,457,010.57  Total ________________ $1,540,090.76  Total ________________ $1,540,090.76   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  48  State of Arkansas: Bank Department  THE FIRST BANK, GRIFFITHVILLE Population 224. Chartered November 6,1905.  White County  Telephone Number 416.  Officers Jas. A. Neaville, Sr----------- President Jas. A. Neaville, Jr---- Vice President Ralph Neaville______________ Cashier  Transit Number 81-347  Directors Mrs. C. L. Grissom J. A. Neaville, Jr. J. A. Neaville, Sr. N. B. Smith  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts---------$ 46,377.50 U. S. Gov’t obligations----- 120,000.00 Furniture and fixtures----250.00 Banking house----------------1,050.00 Cash and due from banks. 77,536.86  Liabilities Capital stock *___________ $ 8,500.00 Surplus fu n d ____________ 1,500.00 Undivided p ro fits ________ 6,269.69 Reserves _______________ 2,349.08 Demand d eposits________ 215,529.58 Time deposits __________ 538.46 Public fu n d s ____________ 10,527.55 Total dep_____ $226,595.59  T o t a l_________________ $245,214.36  T o t a l_________________ $245,214.36  *First preferred stock with par value of $5,000.00 and common stock with par value of $3,500.00.  CLARK COUNTY BANK, GURDON Population 2,045. Chartered August 4, 1900.  Clark County  Telephone Number 40.  Transit Number 81-349  Officers Directors F. H. Rudolph____________ President W. Roy Abbott H. T. Ross F. H. Rudolph W. I. Wilkie---------------- Vice President E. H. Frizzell W. Roy Abbott__ Vice Pres. & Cashier J. E. McMillan W. I. Wilkie Mrs. Lewelyn Edwards_Asst. Cashier STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______$334,048.33 Overdrafts _____________ 7.65 U. S. Gov’t obligations___ 226,500.00 Other bonds and securities 98,975.00 Furniture and fixtures___ 6,209.86 Cash and due from banks. 220,330.34  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $886,071.18  Liabilities Capital sto ck ____________ $ 25,000.00 Surplus fu n d ____________ 25,000.00 Undivided p ro fits ________ 16,241.84 Reserves________________ 965.99 Demand d ep osits________ 634,971.44 Time deposits___________ 125,720.91 U. S. Gov’t deposits______ 6,789.88 Public fu n d s ____________ 51,381.12 Total dep_____ $818,863.35 Total  $886,071.18  49  Thirty-Fourth Report  FARMERS BANK, HAMBURG Population 1,939. Chartered March 10, 1941.  Ashley County  Telephone Number 47.  Transit Number 81-181 Directors  Officers  W. E. Foote_______________President Frank N. Pugh-Active Vice President S. A. Wilcoxon_______Vice President Leslie J. Serrett_____________ Cashier Lucille B. Serrett______Asst. Cashier  F. P. Blanks W. E. Foote Leroy Higginbotham Murphy Jones  Frank N. Pugh Leslie J. Serrett Vaughn Walker S. A. Wilcoxon  STATEMENT OF JUNE 30, 1948 Resources  Liabilities  Loans and discounts--------- 122,620.43 U. S. Gov’t obligations_ 1,041,900.00 Other bonds and securities 15,205.00 Cash and due from banks 288,499.98  Capital s to c k __________$ 25,000.00 40,000.00 Surplus f u n d __________ Undivided p r o fits _____ 26,585.71 Demand deposits_______ 1,295,609.66; Time deposits__________ 11,463.91 U. S. Gov’t deposits____ 7,550.25 Public fu n d s___________ 62,015.88 Total dep.__$1,376,639.70  T o ta l________________ $1,468,225.41  Total — _____________ $1,468,225.41  CALHOUN COUNTY BANK, HAMPTON Population 686. Chartered October 26, 1906.  Calhoun County  Telephone Number 42.  Officers  Transit Number 81-353 Directors  B. W. Harrell_____________ President Searcy Harrell Vice Pres. & Cashier Len Harrelk__________Asst. Cashier  A. B. Garrett B. W. Harrell Fay Harrell Searcy Harrell  E. C. Johnston I. C. Strickland A. G. Wood  STATEMENT OF JUNE 30, 1948 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  Liabilities  294,670.47 512,860.17 128,308.58 1.500.00 3.500.00 1.00 185,243.71  Capital stock __________1 25.000. 00 Surplus f u n d __________ 25.000. 00 Undivided p r o fits ______ 23,516.18 Reserves ______________ 6,279.08 Demand deposits_______ 771,616.28 Time deposits__________ 111,942.81 Public fu n d s___________ 153,309.46 Deposits of banks_______ 5,106.25 Total dep._$1,041,974.80 Other liabilities _______  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  --$1,126,083.93  4,313.87  Total ________________ $1,126,083.93  50  State of Arkansas: Bank Department  THE BANK OF HARRISBURG, HARRISBURG Population 1,193. Chartered December 2, 1930.  Poinsett County  Telephone Number 63.  Officers T. T. Mardis-------------------- President John Gant------------------ Vice President Wm. S. Martin______________ Cashier Mrs. D. M. Mardis______Asst. Cashier  Transit Number 81-693  Directors John Gant T. T. Mardis Mrs. D. M. Mardis  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 175,668.64 U. S. Gov’t obligations_ 761,100.00 Furniture and fixtures_ 10,608.42 Banking house_________ 9,950.00 Cash and due from banks 323,842.10  Liabilities Capital s to c k __________ $ 25,000.00 Surplus f u n d __________ 40,000.00 Undivided p r o fit s ______ 5,136.73 Demand deposits________ 1,133,517.16 U. S. Gov’t deposits_____ 3,732.38 Public fu n d s ___________ 73,782.89 Total dep.__$l,211,032.43  Total _______________ $1,281,169.16  Total _______________ $1,281,169.16  COMMERCIAL BANK, HARRISON Population 4,238.  Boone County  Chartered July 7,1944. Telephone Number 575 or 306. Transit Number 81-746 F. D. V. T.  Officers L. Coffman___________ President L. Owens________ Vice President D. Willis________ Vice President W. Rogers______________ Cashier  W. T. Bradley F. L. Coffman T. L. Jackson D. L. Owens E. E. Pippen  Directors T. W. Rogers F. J. Stewart V. D. Willis J. O. Wilson  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts------- $ 651,377.89 327 ,000.00 U. S. Gov’t obligations— Other bonds and securities 28,050.40 24,351.48 Furniture and fixtures— Cash and due from banks 825,306.46  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,856,086.23  Liabilities Capital s to c k __________ $ 60,000.00 Surplus f u n d __________ 35,000.00 Undivided p r o fit s ______ 17,342.62 Demand deposits_______ 1,368,446.91 Time deposits__________ 182,542.58 Public fu n d s ___________ 188,458.52 Deposits of banks_______ 4,295.60 Total dep.__$l,743,743.61 Total  $1,856,086.23  51  Thirty-Fourth Report  THE SECURITY BANK, HARRISON Population 4,238. Chartered November 20, 1931.  Boone County-  Telephone Number 86.  Officers L. A. Watkins______ President C. C. Alexander._Exec. Vice President T. C. Heuer___________ Vice President E. R. Tims__________________ Cashier J. B. Reddoch__________Asst. Cashier  Transit Number 81-704 Directors  C. C. Alexander Roy L. Baker, Sr. J. M. Bullock A. C. Christeson D. E. Fitton  T. C. Heuer R. W. Milum W. O. Newton E. R. Tims L. A. Watkins  STATEMENT OF JUNE 30, 1948 Loans and discounts____ $1,396,151.20 Overdrafts ____________ 2,116.25 U. S. Gov’t obligations_ 1,827,700.00 Other bonds and securities 251,886.34 Furniture and fixtures_ 1.00 Banking house_________ 1.00 Cash and due from banks 1,455,403.03  Liabilities Capital s to c k __________$ 100,000.00 Surplus f u n d __________ 100,000.00 Undivided p r o fit s _____ 45,916.63 Demand d eposits_____ 3,482,204.71 Time deposits__________ 721,297.57 U. S. Gov’t deposits____ 15,712.28 Public fu n d s___________ 454,204.02 Deposits of banks______ 13,923.61 Total dep.__$4,687,342.19  Total _______________ $4,933,258.82  Total _______________ $4,933,258.82  Resources  PRAIRIE COUNTY BANK, HAZEN Population 819. Chartered July 17, 1945.  Prairie County  Telephone Number 90.  Officers J. J. Screeton_____________President L. P. Aycock__________Vice President R. C. Hartlieb______________ Cashier Grace O. Stallings____ Asst. Cashier James E. Sparks______ Asst. Cashier  Transit Number 81-750  Directors L. P. Aycock Mrs. H. B. Robinson J. O. Crowly J. J. Screeton H. J. Hall Ezra Shoop R. H. Hammond J. J. Watterson R. C. Hartlieb  STATEMENT OF JUNE 30, 1948 Resources  Loans and discounts____ $ 312,098.74 478.41 Overdrafts ____________ 83,410.49 U. S. Gov’t obligations— Other bonds and securities 376,111.73 4,536.13 Furniture and fixtures-6,327.45 Banking house_________ 2,300.00 Other real estate_______ Cash and due from banks 271,778.22 799.88 Other resources________ Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,057,841.05  Liabilities Capital s to c k __________$ 50,000.00 Surplus fund _________ 10,000.00 Undivided p r o fits _____ 21,978.45 Reserves ______________ 1,796.08 Demand deposits_______ 739,518.93 Time d ep osits_________ 81,647.91 U. S. Gov’t deposits____ 20,265.54 Public fu n d s___________ 132,634.14 Total dep.__$ 974,066.52 Total  $1,057,841.05  52  State of Arkansas: Bank Department  THE CLEBURNE COUNTY BANK, HEBER SPRINGS Population 1,656. Chartered December 16, 1930.  Cleburne County  Telephone Number 13.  Officers Louis E. Robbins_________ President Louis Stecker________ Vice President Elbert C. Sherlock____ Vice President Jerome Johnson_____________ Cashier Nevalynn Johnson______Asst. Cashier  Transit Number 81-175  Directors W. L. Deal Louis E. Robbins W. R. Griffin Mrs. O. B. Robbins Jerome Johnson W. H. Robbins Joe N. Robbins Louis Stecker  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ Overdrafts ____________ U. S. Gov’t obligations-_ Other bonds and securities Furniture and fixtures_ Banking house_________ Cash and due from banks  252,892.80  11.68  484.648.00 194.500.00 1.00 4,000.00 336,588.68  Total _______________ $1,272,642.16  Liabilities Capital s t o c k __________ $ 30,000.00 Surplus f u n d __________ 35,000.00 Undivided p r o fit s ______ 59,234.38 Reserves ______________ 4,448.38 Demand deposits ______ 1,073,448.01 U. S. Gov’t deposits_____ 2,006.25 Public funds __________ 68,505.14 Total dep.__$l,143,959:40 Total  $1,272,642.16  GUARANTY LOAN AND TRUST COMPANY, HE (Not engaged in commercial banking) Population 8,456. Chartered Feb. 9, 1910.  Phillips County  Telephone Number Main 636.  Officers M. R. R ea d y______________ President Dewey M o o re _______Vice President H. H. W h ite______________ Treasurer C. L. M cK elvy____________ Secretary  Transit Number 81-64  Directors S. H. Hurst M. R. Ready C. E. Mayer H. G. Stephens Dewey Moore H. H. White E. C. Nelson  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______$ 61,242.34 U. S. Gov’t obligations_ 10,100.00 Other bonds and securities 1,000.00 Furniture and fix tu res__ 1,101.00 Other real es ta te -----------1.00 Cash and due from banks 41,483.73 2,791.00 Other resou rces_________ Total __________________ $117,719.07   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Liabilities Capital s to ck ____________ $ Surplus fu n d -----------------Undivided p r o fits ________ R eserves________________ Trust deposits___________ Other liabilities_________  50,000.00 15,000.00 10,116.58 275.50 37,709.64 4,617.35  Total __________________ $117,719.07  53  Thirty-Fourth Report  V A L L E Y B ANK , HINDSVILLE  Population 262.  Madison County  Chartered November 8, 1907. Telephone Number 22-F2. Transit Number 81-362 Officers  Directors  Adry G askill_____________ President H. L. M ayfield______Vice President Fred E. R e e d _____________ Cashier Lloyd A. Linebarger __ Asst. Cashier  Wm. B. Bunch Tom Hargis C. F. Fitch, Jr. Lloyd A. Linebarger Adry Gaskill H. L. Mayfield James R. Hargis  STATEMENT OF JUNE 30, 1948 Resources  Liabilities  Loans and discounts______$ 51,124.17 U. S. Gov’t obligations__ 130,800.00 Furniture and fix tu re s__ 240.00 700.00 Banking house __________ Cash and due from banks 68,727.55  Capital s to ck ____________ $ 10,000.00 Surplus fu n d ____________ 10,000.00 Undivided p ro fits ________ 3,713.90 Reserves________________ 5,426.80 Demand d ep osits________ 161,330.83 Time deposits___________ 51,120.19 Public funds ____________ 10,000.00 Total deposits_$222,451.02  Total _________________ $251,591.72  Total _________________ $251,591.72  B ANK OF HOLLY GROVE, HOLLY GROVE  Population 755. Chartered March 12, 1903.  Monroe County  Telephone Number 681.  Officers  M. P, W a lls ______________ President J. I. Matthews______Vice President B. J. Lambert, J r ._________Cashier Jack P h illips_____Assistant Cashier  Transit Number 81-275 Directors  B. J. Lambert John B. Moore, Jr. B. J. Lambert, Jr. M. P. Walls J. I. Matthews O. M. Washington J. W. Mayo  STATEMENT OF JUNE 30, 1948 Resources  Liabilities  Loans and discounts______$251,537.56 U. S. Gov’t obligations_ 422,000.00 Other bonds and securities 22,824.00 Furniture and fix tu re s__ 1.00 Banking h o u s e __________ 1,500.00 Other real esta te________ 1.00 Cash and due from banks 227,562.33  Capital s to ck ____________ $ 30,000.00 Surplus fu n d ____________ 50,000.00 Undivided p ro fits ________ 15,911.88 Demand d eposits________ 670,248.10 Time deposits___________ 65,712.17 Public fu n d s ------------------ 93,553.74 Total deposits_$829,514.01  T o t a l __________________ $925,425.89  Total __________________ $925,425.89   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  54  State of Arkansas: Bank Department  HORATIO STATE BANK, HORATIO Population 809. Chartered May 15, 1905.  Sevier County  Telephone Number 77.  Officers C. E. H endrix_____________ President O. T. Brinkley_______Vice President Mazie Gallaher______________ Cashier F. E. P o o le _______________ Secretary  Transit Number 81-342  O. T. Brinkley F. R. Ethridge C. E. Hendrix  Directors Lilia S. Hendrix L. 0. Shull  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______ $441,210.40 O verdrafts______________ 292.82 U. S. Gov’t obligations — 121,276.60 Other bonds and securities 14,018.30 Furniture and fix tu re s__ 1,250.00 Other real esta te -----------2.00 Cash and due from banks 235,078.15 Other resou rces_________ 606.85  Liabilities Capital s to ck ____________ $ 25,000.00 Surplus fu n d ____________ 25,000.00 Undivided p r o fits ________ 4,140.40 Demand d ep osits________ 553,985.48 Time d eposits___________ 152,439.59 Public fu n d s ____________ 53,169.65 Total deposits_$759,594.72  Total _________________ $813,735.12  Total _________________ $813,735.12  ARKANSAS TRUST COMPANY, HOT SPRINGS Population 21,370. Chartered April 18, 1907.  Garland County  Telephone Number 629.  Officers D. B urgauer_____________ President Geo. H. S exton ______Vice President Dewell Jackson, Vice Pres. & Cashier Norton Meek, Jr. __ Assistant Cashier M. Schnebelen___ Assistant Cashier C. J. Clements___ Assistant Cashier R. E. J o n e s ______Assistant Cashier  Transit Number 81-51  Directors Geo. H. Sexton D. Burgauer Clarence J. Horner Carl E. Miles E. M. Thrash Dewell Jackson Fred Krone Warren W. Wilson E. F. Woodcock Floyd L. Thompson  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts__ $ 1,476,049.98 Overdrafts ___________ 72.58 U. S. Gov’t obligations 7,553,646.96 Other bonds and securities 236,301.47 Furniture and fixtures_ 22,437.75 Banking h ou se________ 44,000.00 Cash and due from banks 2,914,789.74 Other resources_______ 44,584.60  Liabilities Capital s t o c k _________ i 250.000. 00 Surplus f u n d __________ 250.000. 00 Undivided p r o f it s _____ 185,914.00 Reserves _____________ 72,917.66 Demand deposits______ 9,510,224.58 Time deposits ________ 1,078,644.00 142,472.41 U. S. Gov’t deposits — Public fu n d s __________ 763,956.72 Total dep. $11,495,297.71 Other liabilities  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $12,291,883.08  Total  37,753.71 $12,291,883.08  55  Thirty-Fourth Report  NEWTON COUNTY BANK, JASPER Population 412. Chartered March 24, 1903.  Newton County  Telephone Number 15.  Officers  Transit Number 81-371 Directors  0. A. M oore-------------------- President W. J. P ru itt_________Vice President J. W. M oore_______________ Cashier Alta Gorden______Assistant Cashier  J. W. Moore O. A. Moore W. W. Moore  Guy Moore W. J. Pruitt  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts_____ $ 60,372.67 O verdrafts______________ 124.77 U. S. Gov’t obligations__ 419,370.60 Furniture and fix tu re s__ 576.72 Banking house __________ 648.00 Cash and due from banks 431,829.96  Total _________________ $912,922.72  Liabilities  Capital stock *___________ $ 25,000.00 Surplus fu n d ____________ 5,000.00 Undivided p ro fits ________ 10,363.74 R eserves________________ 8,000.00 Demand d eposits________ 771,627.02 Public funds ____________ 92,931.96 Total deposits_$864,558.98 Total _________________ $912,922.72  *First preferred stock with par value of $8,000.00 and common stock with par value of $17,000.00.  CITIZENS BANK OF JONESBORO, JONESBORO Population 11,729.  Chartered July 25, 1919.  Craighead County  Telephone Number 6603.  Officers M. L. McKinney__________President J. Ellis M cK ee______Vice President J. Lan W illiam s______Vice President C. V. McKinney____________ Cashier Major G riffin _____Assistant Cashier  Transit Number 81-613  Directors C. V. McKinney M. L. McKinney G. E. McKinney  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $2,786,510.42 Overdrafts ____________ 503.66 U. S. Gov’t obligations-_$2,970,983.22 Other bonds and securities 75,000.00 Furniture and fixtures __ 1.00 Cash and due from banks 2,639,146.90  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $8,472,145.20  Liabilities Capital s t o c k __________ $ 200,000.00 Surplus fund __________ 175,000.00 Undivided p r o fit s ______ 61,821.42 Demand deposits_______ 4,773,308.59 Time deposits__________ 2,347,852.20 U. S. Gov’t deposits____ 90,313.50 Public fu n d s ___________ 752,418.68 Deposits of ban k s______ 71,430.81 Total dep. —$8,035,323.78 Total  $8,472,145.20  56  State of Arkansas: Bank Department  MERCANTILE BANK, JONESBORO Population 11,729. Chartered January 7, 1932.  Craighead County  Telephone Number 5521.  Officers Claude Gregory------------------ President G. G. Smith_____Exec. Vice President Nathan Deutsch_Vice Pres. & Cashier R. W. Higginbotham___ Asst. Cashier Alberta Dickson______ Asst. Cashier Carey Smith__________Asst. Cashier  Transit Number 81-72  Directors Bryan ArmstrongClaude Gregory Edward 0. CherryW. Gus Nash, Jr. Nathan Deutsch Lloyd M. Rebsamen A. Faught G. G. Smith Charles Frierson J. Paul Smith  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $1,298,223.61 U. S. Gov’t obligations_ 3,108,299.76 Other bonds and securities 135,181.75 Furniture and fixtures_ 5,200.00 Banking house ________ 10,400.00 Cash and due from banks 1,910,976.86 Other resources________ 2,456.34  Liabilities Capital s t o c k __________ $ 200,000.00 Surplus f u n d --------------75,000.00 Undivided p r o f it s --------- 117,408.69 Reserves ---------------------2,550.00 Demand deposits — ,----- 3,796,454.02 Time deposits--------------- 1,853,339.41 U. S. Gov’t deposits___ 46,521.80 Public fu n d s ___________ 335,781.30 Deposits of b a n k s--------43,683.10 Total dep._$6,075,779.63  T o ta l__________________ $6,470,738.32  Total  __________________$6,470,738.32  FARMERS AND MERCHANTS BANK, JUDSONIA Population 1,011. Chartered May 29, 1913.  White County  Telephone Number 38.  Officers John A. Henson-----------------President J. C. Rhew------------------ Vice President J. H. Graves--------------- Vice President W. R. Felts-----------------Vice President P. E. Bauer--------------- --------- Cashier G. D. Young_____ Assistant Cashier  Transit Number 81-549  Directors W. R. Felts O. C. Waller J. H. Graves R. E. Waller John A. Henson Edgar Wright J. C. Rhew  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts_r___$ 38,771.57 U. S. Gov’t obligations___ 529,500.00 Furniture and fixtures____ 1.00 Banking h o u s e --------------1,250.00 Cash and due from banks— 270,370.80  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $839,893.37  Liabilities Capital s to c k ___________ $ 17,500.00 Surplus fu n d ____________ 17,500.00 Undivided p r o fits ________ 26,105.83 Demand d e p o sits________ 743,061.03 Public funds ____________ 35,726.51 Total deposits_$778,787.54 Total  $839,893.37  57  Thirty-Fourth Report  UNION STATE BANK, JUNCTION CITY Population 797. Chartered August 28, 1933.  Union County  Telephone Number 73.  Officers I. A. Brinker______________ President P. E. Murphy_______Vice President H. E. Kinard_______________ Cashier J. M. Thompson___ Assistant Cashier  I. A. Brinker 0. H. Goodwin H. E. Kinard  Transit Number 81-232 Directors P. E, Murphy H. J. Williams  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts----- $ 183,798.26 8.49 Overdrafts ____________ U. S. Gov’t obligations_ 473,100.00 Other bonds and securities 14,900.00 100.00 Furniture and fixtures __ Banking house ________ 3,300.00 1.00 Other real estate_______ Cash and due from banks 360,218.08 Total  $1,035,425.83  Liabilities Capital s t o c k ----------------! Surplus fund __________ Undivided p r o fit s ______ Reserves _____________ Demand deposits______ Time deposits__________ Public fu n d s ___________ Total dep.__$ 964,310.52  25.000. 00 25.000. 00 18,515.31 2,600.00 791,375.39 89,186.95 83,748.18  $1,035,425.83  Total  BANK OF KENSETT, KENSETT Population 827. Chartered February 17, 1922.  White County  Telephone Number 191.  Officers President A. P. Mills John H. Johnston Vice President Cashier Thelma Roth  Transit Number 81-649  Directors John H. Johnston J. W. Sloan A. P. Mills  STATEMENT OF JUNE 30, 1948 Resources $ 20,762.25 Loans and discounts 104.02 Overdrafts U. S. Gov’t obligations__ _ 208,506.66 1.00 Furniture and fixtures__ Banking house 1.00 Cash and due from banks- _ 162,226.36 500.00 Other resources _  Liabilities Capital stock _ _ $ 17,500.00 Surplus fund __ _ _ 4,000.00 Undivided profits _ 5,154.34 Demand deposits _ 357,028.09 Public funds 8,372.66 Total deposits_$365,400.75 Other liabilities  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $392,101.29  Totals  46.20 $392,101.29  58  State of Arkansas: Bank Department  BANK OF KEO, KEO Population 253. Chartered January 13, 1920.  Lonoke County  Telephone No. 1602F12.  O ffi^ A r Q  Transit Number 81-631 n ir P ^ tA r e  A. B. Cobb_______________ President J. D. Cobb__________ Vice President H. A. Coleman______Vice President J. F. Coffman_______________ Cashier  A. B. Cobb J. D. Cobb S. C. Cobb  J. F. Coffman H. A. Coleman  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______$ O verdrafts______________ U. S. Gov’t obligations___ Other bonds and securities Furniture and fixtures___ Cash and due from banks_ Other resou rces_________  21,982.00 .48 56,000.00 53,226.20 1.00 84,822.69 252.07  $216,284.44  Total  Liabilities Capital s to c k ____________ $ 15,000.00 Surplus f u n d ____________ 10,000.00 Undivided p r o fits -----------3,295.06 Demand d e p o sits________ 162,100.45 Time d eposits___________ 2,100.00 Public funds ____________ 23,788.93 Total deposits_$187,989.38 $216,284.44  Total  BANK OF KINGSTON, KINGSTON Population 200.  Madison County  Chartered April 7, 1911.  Transit Number 81-467  Officers A. B. Bunch______________President Tom Hargis__________ Vice President Wilson Bunch_______________ Cashier Wm. B. Bunch_____ Assistant Cashier  A. B. Bunch Wilson Bunch H. C. Fields  Directors Tom Hargis H. R. McCracken  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______$ 50,027.87 U. S. Gov’t obligations___ 122,994.80 Other bonds and securities 22,993.75 1.00 Furniture and fixtures___ Banking h o u s e __________ 1.00 Other real estate_________ 2.00 Cash and due from banks_94,141.33  Liabilities Capital s to ck ____________ $ 10,000.00 Surplus fund ___________ 10,000.00 Undivided p r o fits _____ 3,808.81 3,800.00 R eserves________________ Demand deposits_________ 192,470.59 Time d eposits___________ 65,082.35 Public f u n d s ----- -----------5,000.00 Total deposits_$262,552.94  Total  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $290,161.75  $290,161.75  59  Thirty-Fourth Report  BANK OF LAKE VILLAGE, LAKE VILLAGE Population 2,045. Chartered October 14, 1937.  Chicot County  Telephone Number 46.  Officers B. C. Clark______________ President J. B. Gillison__________ Vice President E. T. Cashion_______________ Cashier James S. Suitt_____Assistant Cashier  Transit Number 81-598  Ben Angel E. T. Cashion B. C. Clark  Directors J. B. Gillison W. C. Lovette W. T. Wynn  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 393.524.56 Overdrafts ____________ 704.67 U. S. Gov’t obligations-_ 856.760.57 Other bonds and securities 19,400.00 Furniture and fixtures_ 1.00 Banking house ________ 10 , 000.00 Cash and due from banks 525,481,38  Liabilities Capital s to c k __________$ 50,000.00 Surplus fund __________ 50,000.00 Undivided p r o fits ______ 50,391.92 Demand deposits ______ 1,252,768.40 Time deposits__________ 106,674.70 U. S. Gov’t deposits___ 29,686.32 Public fu n d s ___________ 266,350.84 Total dep.__$l,655,480.26  Total  Total  $1,805,872.18  $1,805,872.18  CITIZENS BANK OF LAVACA, LAVACA Population 340. Chartered May 5, 1910.  Sebastian County  Telephone Number 2341.  Officers Dr. J. S. Coffman__________ President Horace Wagner_____________ Cashier Fannie Lou Granger___ Asst. Cashier  Transit Number 81-378  Directors Dr. J. S. Coffman W. D. West, Jr. I. H. Fielder  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______$ 81,867.67 U. S. Gov’t obligations___ 125,800.00 Other bonds and securities 8,279.31 Furniture and fix t u r e s _ 1.00 Banking h o u s e __________ 1.00 Cash and due from banks_ 123,545.36  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $339,404.34  Liabilities Capital s to ck ____________ $ 15,000.00 Surplus fu n d ____________ 5,000.00 4,246.34 Undivided p r o fits ________ R eserves________________ 7,000.00 Demand d ep osits________ 267,817,45 Time deposits___________ 8,839.76 U. S. Gov’t deposits_____ 1,805.94 Public fu n d s_____________ 29,694.85 Total deposits_$308,158.00 Total  $339,404.34  60  State of Arkansas: Bank Department  LITTLE RIVER BANK, LEPANTO Population 1,198. Chartered November 21,1919.  Poinsett County  Telephone Number 108.  Officers D. F. Portis______________President B. H. Murphy_______ Vice President A. T. Bell__________________ Cashier Mrs. R. L. White______ Asst. Cashier Will J. Riddick________ Asst. Cashier  Transit Number 81-622  A. T. Bell E. P. Burton W. H. Cross Wayne Eason  Directors B. H. Murphy D. F. Portis J. C. Portis  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ Overdrafts ____________ U. S. Gov’t obligations_ Other bonds and securities Furniture and fixtures_ Cash and due from banks  Total  798,510.41 636.26 235,200.00 . 44,333.11 724.40 484,150.47  $1,563,554.65  Liabilities Capital s t o c k __________ $ 50,000.00 Surplus f u n d __________ 50,000.00 Undivided p ro fits---------34,302.69 Demand deposits ______ 1,166,991.44 Time deposits _________ 63,350.74 U. S. Gov’t deposits-----4,544.12 Public fu n d s ___________ 194,365.66 Total dep._$1,429,251.96 $1,563,554.65  Total  LESLIE STATE BANK, LESLIE Population 779. Chartered April 17, 1948.  Searcy County  Telephone Number 60.  Officers Rex Killebrew_____________ President Arthur J. Siegel_Vice Pres. & Cashier Willie Mae Siegel_Assistant Cashier  Transit Number 81-761  J. Virgil Blair Rex Killebrew Wm. J. Seeger  Directors Arthur J. Siegel Page H. Thomas  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______$ 20,749.92 U. S. Gov’t obligations-^_ 35,629.56 Furniture and fixtures___ 584.25 Cash and due from banks_ 128,232.61 Other resou rces-------------840.64  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $186,036.98  Liabilities Capital s to c k ____________ $ 25,000.00 Surplus fu n d ____________ 10,000.00 Undivided p r o fits -----------2,319.65 Demand d e p o sits-------------- 131,142.48 Public funds ------------------- 17,574.85 Total deposits--$148,717.33 Total  $186,036.98  61  Thirty-Fourth Report  PEOPLES BANK AND LOAN COMPANY, LEWISVILLE Population 1,314. Chartered August 25, 1911.  Lafayette County  Telephone Number 98.  Officers W. D. Stewart____________ President T. P. Lemay________ Vice President J. C. Landes-------------------------- Cashier  Transit Number 81-475  Directors P. D. Burton J. C. Landes P. D. Burton, Jr. T. P. Lemay J. A. Harrell W. D. Stewart  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ Overdrafts ____________ U. S. Gov’t obligations Other bonds and securities Furniture and fixtures_ Banking h ou se _________ Other real estate_______ Cash and due from banks Other resources ________  265,143.09 228.81 387,988.80 207,997.66 2,081.00 2,300.00 2.00 394,114.30 115.71  T otal__________________ $1,259,971.37  Liabilities Capital s t o c k __________$ 30,000.00 Surplus fund __________ 40,000.00 Undivided p ro fits_______ 7,399.09 Demand deposits ______ 813,918.48 Time deposits _________ 159,546.99 U. S. Gov’t deposits___ 8,882.79 Public fu n d s ___________ 200,224.02 Total dep.__$l,182,572.28 Total  _________________ $1,259,971.37  BANK OF LINCOLN, LINCOLN Population 720. Chartered March 19, 1903.  Washington County  Telephone Number 19.  Officers W. T. Shannon___________ President J. A. English_________Vice President B. J. Basden________________ 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, 1948 Resources Loans and discounts---------$357,953.13 U. S. Gov’t obligations___ 262,360.00 Other bonds and securities 49,335.80 Furniture and fixtures___ 1.00 Banking house --------------1.00 Cash and due from banks. 215,433.15  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $885,084.08  Liabilities Capital s to ck ____________ $ 25,000.00 Surplus fu n d ____________ 25,000.00 Undivided profits_________ 32,595.42 Demand d ep osits________ 629,054.62 Time deposits___________ 128,175.98 U. S. Gov’t deposits_______ 15,471.92 Public funds ____________ 29,786.14 Total deposits__$802,488.66 Total  $885,084.08  62  State of Arkansas: Bank Department  METROPOLITAN TRUST COMPANY, LITTLE RjjfCK (Not engaged in commercial banking) Population 88,039. Chartered June 5, 1925.  Pulaski County  Telephone Number 4-1744.  Officers Justin Matthews, Jr______ President Somers Matthews___ Vice President John P. Matthews__________ Secretary Louise Butler_______ Asst. Secretary  Transit Number  Directors John P. Matthews Justin Matthews, Jr. Lila B. Matthews Martha D. Matthews Somers Matthews  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______$ 73,398.45 U. S. Gov’t obligations___ 200.00 Other bonds and securities 127,109.89 Furniture and fixtures___ 542.30 Other real esta te________ 51,071.18 Cash and due from banks- 76,188.45 Other resources__________ 93,757.78  Liabilities Capital s to c k ____________ $250,000.00 Surplus f u n d ____________ 25,000.00 Undivided p r o fits ________ 87,025.30 R eserves________________ 3,100.01 Bills p aya b le____________ 56,746.14 Other liabilities__________ 396.60  Total ___________________ $422,268.05  Total ___________________ $422,268.05  WORTHEN BANK AND TRUST COMPANY, LITTLE ROCK Population 88,039. Charter August 4, 1902.  Telephone Number 4-4392.  Officers Emmet Morris____ Chairman of Board James H. Penick____________ President L. E. Dishongh__Vice Pres. & Cashier John G. Potts___________Vice President Harry M. Crowe_______ Vice President James Keith____ _______Vice President G. A . Zimmerman_____Vice President Gardner Lile___________Vice President Booker Worthen-------------Asst. Cashier D. M. Murphy__________ Asst. Cashier M. S. Heim______________ Asst. Cashier M. L. Hogan____________ Asst. Cashier Melvin Lawson__________ Asst. Cashier R. M. McCown___________Asst. Cashier Louis East______________ Asst. Cashier W. G. Cobb______________ Asst. Cashier R. B. Elwood____________Asst. Cashier E. O. Manees____________Asst. Cashier   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Pulaski County Transit Number 81-7  Directors W. C. Allsopp James H. Pennick W. Robert Crow John G. Potts Harry M. Crowe Frank M. Silverman L. E. Dishongh Theo C. Treadway Alfred Leymer Booker Worthen Emmet Morris  63  Thirty-Fourth Report  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts__ $ 6,295,765.78 152.10 Overdrafts ___________ U. S. Gov’t obligations _ 26,378,588.60 Other bonds and securities 4,712,119.20 Furniture and fixtures128,800.00 Banking house _______ 150,000.00 Cash and due from banks 15,277,426.25 52,752.63 Other resources----------  Liabilities Capital stock __________ $ 1,000,000.00 700,000.00 Surplus f u n d _________ Undivided p rofits______ 349,607.77 Reserves _____________ 16,176.09 Demand deposits______ 24,943,565.55 Time deposits ________ 10,480,684.25 U. S. Gov’t deposits___ 674,768.92 Public fu n d s __________ 6,120,827.82 Deposits of ban k s_____ 8,707,231.42 Total dep.-$50,927,077.96 Other liabilities______  Total ________________ $52,995,604.56  2,742..74  Total ________________ $52,995,604.56  BANK OF LOCKESBURG, LOCKESBURG Population 764. Chartered October 14, 1902.  Sevier County  Telephone Number 78.  Officers M. L. Norwood____________ President A. P. Boyce_________ Vice President R. C. Norwood_____________ Cashier Mrs. R. C. Norwood___ Asst. Cashier  Transit Number 81-385  Directors A. P. Boyce M. L. Norwood Mary F. Hampson R. C. Norwood Hugh Latimer  STATEMENT OF JUNE 30, 1948 Resources  Loans and discounts______$ 80,713.37 U. S. Gov’t obligations___ 210,100.00 Other bonds and securities 21,000.00 Furniture and fix tu re s__ 1.00 1,800.00 Banking house _________ Cash and due from banks_ 152,448.96 Other resou rces_________ .43  Tetal   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $466,063.76  Liabilities  Capital s to ck ____________ $ 25,000.00 Surplus fund ____________ 7,00.00 Undivided p r o fits ________ 5,262.73 Demand d ep osits________ 370,180.52 Time deposits___________ 37,299.50 1,556.00 U. S. Gov’t deposits______ Public fun ds_____________ 19,765.01 Total deposits_$428,801.03 Total  $466,063.76  64  State of Arkansas: Bank Department  FIRST STATE BANK, LONOKE Population 1,715. Chartered March 9, 1935.  Lonoke County  Telephone Number 157.  Officers J. J. Fletcher----------------------President W. H. Bransford______Vice President Neill Fletcher__ Vice Pres. & Cashier Arthur Herring________Asst. Cashier  Transit Number 81-200  Directors J. 0. Bennett M. E. Lyons W. W. McCrary, Jr. W. H. Bransford J. J. Fletcher Guy E. Williams Neill Fletcher  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 128,315.62 U. S. Gov’t obligations_ 1,008,500.00 Other bonds and securities 75,020.00 Furniture and fixtures_ 1.00 Banking h ou se_________ 1.00 Cash and due from banks 365,159.86 Other resources ---------8,966.74  Liabilities Capital s t o c k __________ $ 25,000.00 Surplus f u n d __________ 25,000.00 Undivided p r o f it s ______ 35,479.87 Reserves ---------------------6,356.39 Demand deposits ______ 1,231,991.96 Public funds __________ 262,136.00 Total dep.__$1,494,127.96  T ota l__________________ $1,585,964.22  Total __________________$1,585,964.22  *First preferred stock with par value of $5,000.00 and common stock with par value of $20,000.00.  FARMERS BANK AND TRUST COMPANY, MAGNOLIA Population 4,326. Chartered September 26, 1906.  Columbia County  Telephone Number 1.  Officers T. S. Grayson______________President R. S. Warnock, Jr_____ Vice President J. B. Lee___________________ Cashier H. A. Reid____________ Asst. Cashier W. K. fw itty_________ Asst. Cashier  Transit Number 81-163 D irp rtorcs  R. S. Foster W. N. Paschal T. S. Grayson Helen G. Reeves W. L. Jameson, Jr.H. A. Reid J. G. Langston J. A. W. Souter J. B. Lee R. S. Warnock, Jr.  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 120,016.86 Overdrafts ____________ 127.89 U. S. Gov’t obligations_5',139,572.60 Furniture and fixtures_ 4,000.00 Banking house ________ 11,500.00 Other real esta te_______ 42.00 Cash and due from banks 1,332,756.28 Other resources________ 4.00  Liabilities Capital s t o c k __________ $ 50,000.00 Surplus f u n d __________ 200,000.00 Undivided p ro fits_______ 49,896.20 Demand deposits ______ 5,617,332.60 Time deposits _________ 372,140.90 U. S. Gov’t deposits___ 27,514.93 Public funds __________ 287,573.68 Deposits of b an k s______ 3,561.32 Total dep._$6,308,123.43  Total  Totals  ________________ —$6,608,019.63   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  _________________ $6,608,019.63  65  Thirty-Fourth Report  BANK OF MALVERN, MALVERN Population 5,390. Chartered June 24, 1889.  Hot Spring County  Telephone Number 66.  Officers Robert Smith, Jr___________President J. Elmo Young_______ Vice President R. R. Chamberlain____ Vice President Dr. W. S. Richardson_Vice President Jester Jones________________ Cashier Miss Hester H. Smith__ Asst. Cashier Foy G. Ritchey________Asst. Cashier  Transit Number 81-131  Directors Mrs. Flora B. Adams Charles S. Smith Ray Boyle Robert Smith, Jr. R. R. Chamberlain J. Elmo Young Dr. W. S. Richardson  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 441,622.85 Overdrafts ____________ 83.97 U. S. Gov’t obligations. _ 2,287,150.10 Other bonds and securities 29,403.48 Furniture and fixtures-_ 2,884.63 1,975.00 Banking h ou se_________ Cash and due from banks 894,527.45  Liabilities Capital s t o c k __________ $ 50 000.00 Surplus fund __________ 50,000.00 Undivided profits ______ 67,191.68 Reserves --------------------23,206.31 Demand deposits_______ 2,934,874.97 56,674.16 Time deposits _________ U. S. Gov’t deposits___ 73,717.69 Public fu n d s ___________ 383,931.09 18,051.58 Deposits of b a n k s ____ Total dep.__$3,467,249.49  $3,657,647.48  Total -------------------------- $3,657,647.48  Total  PEOPLES BANK, MAMMOTH SPRING Population 666. Chartered February 8, 1921.  Fulton County  Telephone Number 44.  Officers J. F. Martin_______________ President I. M. Plumlee_______ Vice President Cloy H. Culver______________ Cashier Lem W. Lewis____ Assistant Cashier  Transit Number 81-645  Directors Auda M. Culver J. R. Martin Cloy H. Culver I. M. Plumlee J. F. Martin  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts---------$ 40,006.57 O verdrafts______________ 200.14 U. S. Gov’t obligations___ 582,000.00 Furniture and fixtures___ 1.00 Banking house __________ 650.00 Cash and due from banks— 138,211.95  Liabilities Capital s to ck ____________ $ 10,000.00 Surplus fu n d ____________ 10,000.00 Undivided p r o fits ________ 14,356.79 Demand deposits ________ 700,172.48 U. S. Gov’t deposits_____ 1,413.61 Public funds ____________ 25,126.78 Total deposits_$726,712.87  Total ____________________ $761,069.66  Total ____________________ $761,069.66   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  66  State of Arkansas: Bank Department  MERCHANTS AND PLANTERS BANK, MANILA Population 1,248. Chartered March 16, 1948.  Mississippi County  Telephone Number 30.  Officers G. E. Snider_______________ President Riley B. Jones_-Vice Pres. & Cashier Max H. Isaacs_________Asst. Cashier  Transit Number 81-710  Directors Kendall Berry R. J. McKinnon E. C. Fleeman G. E. Snider Riley B. Jones  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______$180,430.48 3,829.88 O verdrafts______________ U. S. Gov’t obligations___ 50,000.00 Furniture and fixtures__ 210.99 Cash and due from banks_ 240,865.48  Liabilities Capital s to c k ____________ $ 50,000.00 Surplus fu n d ____________ 10,000.00 Undivided p r o fits ________ 1,140.64 Demands deposits________ 380,641.43 Public funds ____________ 33,554.76 Total deposits__$414,196.19  Total ___________________ $475,336.83  Total ___________________ $475,336.83  BANK OF MANSFIELD, MANSFIELD Population 1,002. Chartered February 16, 1939. G. R. Gilmer W. W. B. R.  Sebastian County  Telephone Number 7.  Officers Holbrook___________President K. Dixon______Vice President Holbrook_____________ Cashier Holbrook__ Assistant Cashier  Transit Number 81-249  Directors Gilmer K. Dixon W. W. Holbrook B. R. Holbrook S. M. Taylor G. R. Holbrook G. G. Woods  STATEMENT OF JUNE 30, 1948 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  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  237,913.35 917.36 764,018.00 106,451.87 1.00  1.00  324,400.09  $1,433,702.67  Liabilities Capital s t o c k __________ $ 30,000.00 Surplus f u n d __________ 45,000.00 Undivided p r o f it s ______ 31,955.08 Reserves_______________ 12,157.87 Demand deposits________ 1,015,881.65 228,852.76 Time deposits__________ U. S. Gov’t deposits___ 7,931.88 Public fu n d s ___________ 61,923.48 Total dep.__$l,314,589.77 Total  $1,433,702.67  67  Thirty-Fourth Report  FARMERS AND MERCHANTS BANK, MARIANNA Population 4,449. Chartered January 9, 1942.  Lee County  Telephone Number 274.  Officers H. L. Petty________________ President W. V. Moye--------------- Vice President Franklin L. Brown__________Cashier Mrs. Nelle R. Stallings__Asst. Cashier  Transit Number 81-744 Directors  Glenn U. Miller E. D. Conner Thos. H. Gist A. C. Mahan, Jr. G. W. Merrifield  Harvey W. Wilson John F. Miller W. V. Moye Ike Panich H. L. Petty  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 891,836.69 Overdrafts ____________ 83.06 U. S. Gov’t obligations-128,000.00 Other bonds and securities 2,550.00 Furniture and fixtures-_ 3,021.99 Cash and due from banks 483,094.14  Total  $1,508,585.88  Liabilities Capital s t o c k __________ $ 50,000.00 Surplus fund __________ 35,000.00 Undivided p ro fits_______ 35,240.47 Demand deposits ______ 1,114,034.00 Time deposits__________ 7,000.00 U. S. Gov’t deposits____ 13,258.72 Public funds __________ 240,694.39 Deposits of b an k s______ 13,358.30 Total dep._$1,388,345.41 Total  $1,508,585.88  CITIZENS BANK, MARION Population 758. Chartered March 15, 1938.  Crittenden County  Telephone Number 1.  Officers J. F. Fogleman___________President Perry Barton_________Vice President A. J. Lumpkin______________ Cashier Mary L. Hoskins_______Asst. Cashier  Transit Number 81-742  Directors Perry Barton A. J. Lumpkin W. P. Barton Alex Stirewalt J. F. Fogleman  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts----- $ 269,387.83 U. S. Gov’t obligations-_ 641,900.00 65,574.60 Other bonds and securities 1.00 Furniture and fixtures-_ Banking h ou se_________ 1.00 Cash and due from banks 555,918.37  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,532,782.80  Liabilities  Capital s t o c k __________S 40 000.00 Surplus f u n d __________ 40,000.00 Undivided p rofits______ 13,698.95 Demand deposits ______ 949,432.69 Time deposits ------------80,905.34 U. S. Gov’t deposits___ 563.53 Public funds __________ 408,182.29 Total dep._-$1,439,083.85 Total  $1,532,782.80  68  State of Arkansas: Bank Department  MARKED TREE BANK, MARKED TREE Population 2,685. Chartered March 3, 1932.  Poinsett County  Telephone Number 60.  Officers L. V. Ritter______Chairman of Board John Brunner______________ President H. R. Ritter___________ Vice President A. F. Falk__________________ Cashier L. H. Goad___________ Asst. Cashier Helen S tew art_______ Asst. Cashier  Transit Number 81-705  John Brunner H. R. Ritter  Directors L. V. Ritter  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts_____$ 385,363.95 Overdrafts -----------------1,000.61 U. S. Gov’t obligations_ 1,268,370.67 Other bonds and securities 22,106.88 Banking h ou se _________ 1.00 Cash and due from banks 357,248.75  Liabilities » Capital stock _ $ 50,000.00 Surplus fund 50,000.00 Undivided profits 34,174.60 Demand deposits ______ 1,670,575.37 Time deposits 2,123.00 U. S. Gov’t deposits___ 18,678.66 Public funds 200,054.47 Deposits of banks _ 8,485.76 Total dep._$1,899,917.26  Total ................ ...............$2,034,091.86  Total —  —  _________ $2,034,091.86  THE CITIZENS BANK, MARSHALL Population 822. Chartered February 26, 1940.  Searcy County  Telephone Number 27.  Officers Mrs. Mary Massey__ Pres. & Cashier Aud Massey-------------- Vice President J. C. Baker----------------Vice President Leo Watts____________ Asst. Cashier Jimmie L. Battershell_Asst. Cashier  Transit Number 81-715.  Directors J. C. Baker Dewey Massey Leonard Coffman Mary Massey Aud Massey Ancil Mays  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts---------$423,336.36 O verdrafts---------------------34.16 U. S. Gov’t obligations___ 255,600.00 Furniture and fixtures—__ 1,698.57 Banking h o u s e --------------9,000.00 Cash and due from banks. 258,905.99  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .$948,575.08  Liabilities Capital s to ck ____________ $ 25,000.00 Surplus fu n d ------------------ 30,000.00 Undivided p r o fits ________ 10,033.23 Reserves------------------------5,000.00 Demand d e p o sits________ 627,533.37 Time d eposits-------------------147,415.95 Public fu n d s ------------------ 103,592.53 Total deposits_$878,541.85 Total  $948,575.08  69  Thirty-Fourth Report  BANK OF MARVELL, MARVELL Population 830. Chartered January 8, 1903.  Phillips County  Telephone Number 32.  Transit Number 81-393 Directors  Officers  Guy Robinson____________-President H. B. Willis_________ Vice President F. H. Webster_______ Vice President Rachel Swift________________ Cashier Evelyn S. Cooke_______Asst. Cashier  K. J. Graves Edmund Hirsch Weldon Jackson Guy Robinson  Rachel Swift F. H. Webster H. B. Willis  STATEMENT OF JUNE 30, 1948 Liabilities  Resources  Loans and discounts. _ __$ 331,654.52 Overdrafts ___________ 24.54 U. S. Gov’t obligations__ 358,500.00 Other bonds and securities 24,000.00 Furniture and fixtures__ 600.00 Banking h ou se _________ 4,000.00 Other real es ta te ----- --1.00 Cash and due from banks 165,265.25 $884,045.31  Total  Capital stock __________ $ 25.000. 00 25.000. 00 Surplus fu n d ----------------40,239.69 Undivided p r o fits _______ Demand deposits ______ 767,031.22 3,250.00 Time d eposits__________ 23 524.40 Public fu n d s ___________ Total d e p .____ 793,805.62  $884,045.31  Total  BANK OF McCRORY, McCRORY Population 1,010. Chartered June 8, 1903.  Woodruff County  Telephone Number 21.  Transit Number 81-261  Officers  Directors  I. N. Arnof_______________ President J. F. W atkins Exec. Vice President Vance M. Thompson.-Vice President R. C. Willcox________________ Cashier Otto Miller----------------- Asst. Cashier Ruth Files------------------Asst. Cashier  I. N. Arnof Vance M. Thompson John D. Eldridge, Jr.  STATEMENT OF JUNE 30, 1948 Resources  Liabilities  Loans and discounts___ $ Overdrafts _________ 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  630,830.85 303.62 345,400.00 217,486.64 1,704.34 1.00 259,268.06  Capital s t o c k __________ $ 50,000.00 Surplus fund __________ 30,000.00 Undivided p r o f it s ______ 32,827.45 Reserves ____________ 3,000.00 Demand deposits ______ 1,159,332.78 U. S. Gov’t deposits___ 22,527.08 Public funds __________ 157,307 20 Total dep. ..$1,339,167.06  $1,454,994.51  T o ta l__________________ $1,454,994.51  70  State of Arkansas: Bank Department  McGEHEE BANK, McGEHEE Population 3,663. Chartered December 5, 1933  Desha County  Telephone Number 31  Officers G. H. Linaker ____________ President Sam Bowman __Exec. Vice President R. G. V e r s e r ------------ Vice President J. W. Willoughby, J r . _______ Cashier Bess Thom pson______Asst. Cashier Rex W. O ffu tt________Asst. Cashier Mark E. Sherland, Jr. _Asst. Cashier  Transit Number 81-585  Directors R. L. Beck J. L. Parker C. B. Bowman W. A. Smith Sam Bowman W. R. Stephens G. H. Linaker R. B. Stone W. A. McGehee, Jr. R. G. Verser  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $1,137,821.66 Overdrafts _ __________ 362.48 U. S. Govt, obligations _ 1,142,698.36 Other bonds and securities 691,255.41 Furniture and fixtures_ 10,000.00 Cash and due from banks 698,876.78 Other resources________ 2,931.04  T o ta l________________ $3,683,945.73  Liabilities Capital s t o c k __________ $ 75,000.00 Surplus f u n d __________ 75,000.00 Undivided p r o fit s ______ 43,925.71 Reserves _ ____________ 15,262.24 Demand deposits_______ 2,315,552.88 Time deposits__________ 669,139.76 U. S. Gov’t deposits___ 35,336.29 * Public funds __________ 454,728.85 Total dep. .$3,474,757.78 T o ta l________________ $3,683,945.73  THE BANK OF MELBOURNE, MELBOURNE Population 567. Chartered July 29, 1896  Izard County  Telephone Number 17  Officers G. H. Miller _____________President A. J. Y ounger________Vice President Marean Pearson ____________ Cashier Opal S m ith -----------------Asst. Cashier  Transit Number 81-397  Directors R. L. Blair E. B. Watts G. H. Miller A. J. Younger Marean Pearson  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts_____$109,749.84 Overdrafts ______________ 68.32 U. S. Gov’t obligations__ 501,700.00 Other bonds and securities. 11,996.06 Furniture and fix tu res__ 1.00 Banking h o u se __________ 1,00 Cash and due from banks 253,342.78  Liabilities Capital stock ___________ $ 15,000.00 Surplus fu n d ____________ 16,500.00 Undivided p ro fits ________ 6,877.04 R eserves________________ 157.98 Demand d ep osits________ 625,866.00 U. S. Gov’t d eposits__ _ 8,236.40 Public fu n d s ____________ 204,221.58 Total deposits .$838,323.98  T o t a l __________________ $876,859.00  T o t a l ______ ____________ $876,859.00   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  71  Thirty-Fourth Report  THE UNION BANK OF MENA, MENA Population 3,510. Chartered July 25, 1934  Polk County  Telephone Number 85  Officers W. J. L a u ck ______________ President W. A. F in k s ________Vice President W. L. B o y d ________________ Cashier Paul Von A llm en ____ Asst. Cashier  W. L. Boyd W. A. Finks  Transit Number 81-98 Directors W. J. Lauck  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts____ $ Overdrafts _ __________ U. S. Gov’t obligations_ Other bonds and securities Furniture and fixtu res_ Banking h ou se_________ Cash and due from banks Other resources _______  651,126.61 39.76 663,000.00 132,925.90 5,806.56 8,315.90 789,201.42 7,167.86  Liabilities Capital s to c k __________$ 50,000.00 Surplus f u n d __________ 50,000.00 Undivided p r o fit s ______ 28,715.22 Demand deposits_______ 1,877,809.25 Time deposits___ ______ 92,384.39 U. S. Gov’t deposits___ 27,798.72 Public funds __________ 130,876.43 Total dep. _$2,128,868.79  Total _ _____________ $2,257,584.01  Total _ _____________ $2,257,584.01  MONETTE STATE BANK, MONETTE Population 1,074.  Craighead County  Chartered December 29, 1936. Telephone Number 50. Transit Number 81-724. Officers Paul D ow n s______________President Dr. J. H. D ow n s____ Vice President Robert Braden______________ Cashier F. H. H e is e _________ Asst. Cashier Roy G. Nuckles_______ Asst. Cashier  Directors Robert Braden Roy G. Nuckles Paul Downs  STATEMENT OF JUNE 30, 1948 Resources  Loans and discounts___ $1,132,440.86 Overdrafts_____________ 3,064.82 U. S. Gov’t obligations_ 50,000.00 Furniture and fixtures __ 1.00 Cash and due from banks 500,258.33  Total _   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,685,765.01  Liabilities Capital s to c k __________$ 25,000.00 Surplus f u n d __________ 40,000.00 Undivided p r o fits _____ 42,865.27 Demand deposits_______ 1,398,281.49 Time deposits__________ 107,349.76 Public fu n d s___________ 72,268.49 Total dep. .$1,577,899.74 Total _  $1,685,765.01  72  State of Arkansas: Bank Department  COMMERCIAL LOAN AND TRUST COMPANY, MONTICELLO Population 3,650.  Drew County  Chartered November 29, 1912. Telephone Number 228. Transit Number 81-534. Officers J. D. M cC loy___ _________ President Joe M cC loy___ Vice Pres. & Cashier Mrs. Mabel Cox Sherry _Asst. Cashier  STATEMENT OF Resources Loans and discounts___ $ 213,066.51 Overdrafts_____________ 522.24 U. S. Gov’t obligations_ 1,044,300.00 Other bonds and securities 462,699.75 2,512.19 Furniture and fixtu res_ Banking house ________ 10,812.51 Other real e s ta te ______ 1.00 Cash and due from banks 342,708.28 10,453.09 Other resources________  T o ta l________________ $2,087,075.57  J. A. Baxter J. F. Brann L. W. Dillard E. R. Lambert J. D. McCloy Joe McCloy  Directors L. D. McQuiston John B. Posey James A. Ross Joe Shelton M. L. Sigmon Virgil J. Trotter, Jr.  JUNE 30, 1948 Liabilities Capital s t o c k __________ I I 60,000.00 60,000.00 Surplus f u n d --------------Undivided p r o fit s ______ 33,843.95 30,000.00 Reserves _ ____________ Demand deposits_______ 1,520,284.87 Time deposits__________ 51,571.09 U. S. Gov’t deposits__ 1 37,208.26 Public fu n d s ___________ 293,167.40 Deposits of ban k s______ 1,000.00 Total dep. .$1,903,231.62 T o ta l________________ $2,087,075.57  UNION BANK AND TRUST COMPANY, MONTICELLO Population 3,650.  Drew County  Chartered September 15, 1915. Telephone Number 31. Transit Number 81-156. Officers Directors V. J. Trotter, Sr._'------------President R. A. Adcock Zach McClendon Adrian W illiam son__ Vice President Brown Calhoun R. F. Trotter C. W. D aniel_Vice Pres. & Cashier Geo. R. Campster V. J. Trotter Dan E. K a y s __________Asst. Cashier Chas. W. Daniel Adrian Williamson Virginia P ierce_______ Asst. Cashier E. A. Lambert M. Foster Wright Jack L. Spencer, J r . __ Asst. Cashier STATEMENT OF Resources Loans and discounts____ $ 814,644.34 .Overdrafts -----------------361.32 U. S. Gov’t obligations. _ 1,146,000.00 Other bonds and securities 1,174,492.73 Furniture and fixtures_ 1.00 Banking house_________ 1.00 Cash and due from banks 512,881.30 Other resources________ 28,125.22  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $3,676,506.91  JUNE 30, 1948 Liabilities Capital s to c k __________ $ 100,000.00 Surplus f u n d --------------75,000.00 Undivided p r o fit s --------49,219.85 Reserves ______________ 107,683.84 Demand deposits_______ 2,624,875.89 Time deposits__________ 232,818.36 U. S. Gov’t deposits_____ 30,552.01 Public funds __________ 449,845.87 Deposits of b a n k s______ 6,511.09 Total dep— $3,344,603.22 Total  $3,676,506.91  73  Thirty-Fourth Report  THE FIRST STATE BANK, MORRILTON Population 4,608. Chartered November 26. 1930.  Conway County  Telephone Number 10.  Officers R. H. Dickenhorst___President L. T. Oates___________ Vice President S. E. McReynolds_Ex. Vice President C. E. Linebarger____________ Cashier H. J. Kordsmeier_______Asst. Cashier  Transit Number 81-144  Directors R. H. Dickenhorst T. M. McReynolds R. M. Huie L. T. Oats S. R. McKinley J. L. Williams S. E. McReynolds  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 898,367.73 Overdrafts ____________ 47.16 U. S. Gov’t obligations_ 3,065,265.00 Other bonds and securities 62,380.80 25,000.00 Banking house__________ Other real estate________ 1.00 Cash and due from banks 1,125,667.07  Liabilities Capital s to c k __________$ 100,000.00 Surplus f u n d __________ 75,000.00 Undivided p r o fits ______ 66,621.24 Reserves ______________ 16,276.73 Demand deposits_______ 4,557,400.58 Time deposits _________ 123,001.39 U. S. Gov’t deposits------65,957.98 Public funds __________ 167,932.23 Deposits of banks---------4,538.61 Total dep.__$4,918,830.79  Total _______________ $5,176,728.76  Total _______________ $5,176,728.76  THE BANK OF MONTGOMERY COUNTY, MOUNT IDA Population 490. Chartered November 26, 1930.  Montgomery County  Telephone Number 9.  Transit Number 81-404  Officers Directors L. L. Beavers_______________ President John Beavers A. Standridge W. G. Whittington__Vice President L. L. Beavers W. G. Whittington John Beavers________________ Cashier Glenn Hickey Earl Witt Audean Bates__________ Asst. Cashier STATEMENT OF JUNE 30, 1948 Resources Loans and discounts_____ $300,420.08 O verdrafts______________ 78.37 U. S. Gov’t obligations___ 43,340.00 Other bonds and securities 5,259.70 Furniture and fixtures__ 3,681.44 Banking house__________ 2,000.00 Cash and due from banks- 174,738.72  Total ___ _____________$529,518.31   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Liabilities Capital sto ck ____________ $ 25,000.00 Surplus fu n d ____________ 17,500.00 Undivided profits ________ 14,523.36 R eserves________________ 831.96 Demand deposits ________ 393,353.26 Time deposits __ _______ 30,259.84 Public funds ____________ 43,049.89 Total dep_____ $471,662.99 Total . -  $529,518.31  74  State of Arkansas: Bank Department  THE PEOPLES BANK. MOUNTAIN HOME Population 927. Chartered August 10, 1906.  Baxter County  Telephone Number 6.  Transit Number 81-402  Officers  Directors  J. P. Morgan______________ President Don J. Baker_________Vice President C. E. Sherman-------------------- flashier W. N. Baker------------------Asst. Cashier Roy Bodenhamer........ _..Asst, Cashier Neil Nelson___ _______ Asst. Cashier  Don J. Baker Earle J. Bryant M. E. Curlee  Wylo Dyer J. P. Morgan  STATEMENT OF JUNE 30,1948 Resources Loans and discounts____ $ 350,897.44 Overdrafts ____________ 509.13 U. S. Gov’t obligations_ 1,169,600.00 Other bonds and securities 4,203.91 Furniture and fixtures. _ 2,000.00 Banking house_________ 12,000.00 Cash and due from banks 955,624.94  Total  $2,494,835.42  Liabilities  Capital s t o c k __________ $ 50,000.00 Surplus f u n d __________ 35,000.00 Undivided p r o fit s ______ 15,804.86 Demand deposits________ 2,198,219.11 U. S. Gov’t deposits_____ 1,411.55 Public fu n d s ___________ 188,153.06 Deposits of banks_______ 6,246.84 Total d e p ...$2,394,030.56 $2,494,835.42  Total  BANK OF MOUNTAIN VIEW, MOUNTAIN VIEW Population 745. Chartered July 21, 1915.  Stone County  Telephone Number 2271.  Officers N. C. Maxey_____________ President J. T. Smith___________ Vice President A. A. Lancaster____________Cashier H. R. Moore__________ Asst. Cashier Bernice Johnson______ Asst. Cashier  Transit Number 81-403  Directors A. A. Lancaster J. T. Smith N. C. Maxey  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______$ 91,997.65 U. S. Gov’t obligations___ 341,900.00 Furniture and fixtures__ 1.00 Banking house____________ 1,000.00 Cash and due from banks. 306,250.73  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $741,149.38  Liabilities  Capital s to ck ____________ $ 25,000.00 Surplus fu n d ____________ 25,000.00 Undivided p r o fits ________ 8,642.84 R eserves_____________ 414.36 Demand d eposits________ 588,393.12 Public fu n d s ____________ 93,699.06 Total d e p .___ $682,092.18 Total  $741,149.38  75  Thirty-Fourth Report  BANK OF MULBERRY, MULBERRY Population 973. Chartered January 15, 1902.  Crawford County  Telelphone Number 40.  Officers S. B. Stevinson____________ President T. J. House____ Vice Pres. & Cashier Mrs. T. J. House______ Asst. Cashier C. D. Chastian________ Asst. Cashier  C. R. Counts B. J. Farmer T. J. House  Transit Number 81-257 Directors Dr. 0. J. Kirksey S. B. Stevinson  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______$368,411.73 U. S. Gov’t obligations___ 313,600.00 Other bonds and securities 52,015.00 1,500.00 Furniture and fixtures__ Banking house___________ 200.00 Other real estate________ 1.00 Cash and due from banks. 195,212.79 Other rseources__________ 200.00 T o t a l_________________ $931,140.52  Liabilities Capital stock $ 25,000.00 Surplus fund 25,000.00 Undivided profits 22,026.26 Demand deposits . 800,444.59 9,200.00 Time deposits U. S. Gov’t deposits 9,063.75 Public funds . 40,405.92 Total dep. $859,114..26 Total  ._ $931,140.52  PIKE COUNTY BANK, MURFREESBORO Population 835. Chartered December 19, 1904.  Pike County  Telephone Number 5.  Transit Number 81-405  Officers Directors T. F. A lfo r d _____________ President T. F. Alford Delia Pennix Delia Pennix_________Vice President Irene Benson M. G. Terrell C. H. Rutherford___ Acting Cashier Mattie Kelley STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______$137,173.73 U. S. Gov’t obligations___ 580,419.50 Other bonds and securities 4,415.58 Furniture and fixtures__ 1.00 Banking house___________ 650.00 Cash and due from banks. 237,045.11 Other resources__________ 880.23 Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $960,585.15  Liabilities Capital sto ck ____________ $ 25,000.00 Surplus fu n d ____________ 25,000.00 Undivided p ro fits ________ 29,231.97 Demand deposits________ 746,437.13 U. S. Gov’t deposits_______ 3,777.22 Public fu n d s _____________ 131,138.83 Total dep_____ $881,353.18 Total  $960,585.15  76  State of Arkansas: Bank Department  BANK OF NETTLETON, NETTLETON Population 909.  Craighead County  Chartered February 13, 1904. Telelphone Number 2131. Transit Number 81-406 L. D. Fred E. E. R. E.  Officers Kiech----------------------- President Shauver------------ Vice President Hale----------------------------Cashier Thomas__________ Asst. Cashier  Veon C. Kiech Fred Shauver L. D. Kiech  Directors E. E. Hale H. C. Kiech  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts____ $ 450,098.79 Overdrafts ____________ 11.91 U. S. Gov’t obligations_ 1,028,500.00 Other bonds and securities 70,250.00 1.00 Furniture and fixtures_ Banking house_________ 5,380.00 Cash and due from banks 404,743.27 Total __________•_____$1,958,984.97  Liabilities Capital s to c k __________ $ 40,000.00 Surplus f u n d __________ 60,000.00 Undivided p r o fit s ______ 27,476.04 Demand deposits_______ 1,700,301.74 U. S. Gov’t deposits_____ 305.36 Public fu n d s___________ 130,901.83 Total dep._$1,831,508.93 Total  $1,958,984.97  BANK OF NEWARK, NEWARK Population 900. Chartered October 10, 1944.  Independence County  Telephone Number 16.  Officers J. Clyde Edwards_________ President W. J. Freeze__________ Vice President Austin Leeds________________ Cashier J. L. Magness__________ Asst. Cashier  Transit Number 81-748  Directors Dr. O. L. Bone J. L. Magness J. Clyde Edwards Ed V. Wilson W. J. Freeze L. E. Wilson Austin Leeds  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts_____$ 98,297.34 U. S. Gov’t obligations___ 391,874.00 Furniture and fixtures___ 800.00 Cash and due from banks_ 207,519.61  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $698,490.95  Liabilities Capital stock ___________ $ 25,000.00 Surplus fu n d ____________ 10,000.00 Undivided profits _______ 7,490.31 Demand d ep osits________ 633,481.01 Public fu n d s ____________ 22,519.63 Total dep_____ $656,000.64 Total  $698,490.95  77  Thirty-Fourth Report  BANK OF NEW EDINBURG, NEW EDINBURG Population 500.  Cleveland County  Chartered August 22, 1904. Telephone Number 846F11. Transit Number 81-408 Officers E. T. Attwood_____________ President C. B. Attwood________Vice President Ray Attwood_______________Cashier  C. B. Attwood E. T. Attwood  Directors Ray Attwood  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______$ 71,181.23 U. S. Gov’t obligations___ 194,331.53 Other bonds and securities 21,752.48 Furniture and fixtures___ 233.91 Banking house___________ 50.00 Cash and due from banks_ _ 47,452.85  Liabilities Capital stock _ ____ $ 12,500.00 Surplus fund _ 12,500.00 Undivided profits _____ 5,980.28 Demand deposits _____ 252,903.11 Time deposits 17,880.05 Public funds _ _ . _ - 32,144.16 Total d e p . _$302, ,927.32 Other liabilities _  T o t a l_________________ $335,002.00  _____  Total  1,094.40 $335,002.00  MERCHANTS AND PLANTERS BANK, NEWPORT Population 4,321. Chartered March 20, 1946.  Jackson County  Telephone Number 270.  Officers D. H. Burton_____________ President P. L. Copeland-_Exec. Vice President A. G. Johnston______________Cashier Mann Shoffner, Jr____ Asst. Cashier  Transit Number 81-756  Directors R. C.BiggadikeP. K. Holmes D. H. Burton Ralph McDonald P. L.Copeland Fred M. Pickens R. G. Holden Jim Thompson  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts____ $ U. S. Gov’t obligations-_ Other bonds and securities Furniture and fixtures-Cash and due from banks  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  716,560.09 450,344.00 31,168.50 15,564.58 633,611.27  $1,847,248.44  Liabilities Capital s to c k __________$ 75,000.00 Surplus f u n d __________ 25,000.00 Undivided p r o fits ______ 23,367.11 Demand deposits_______ 1,508,351.23 Public fu n d s___________ 202,388.32 Deposits of banks______ 13,141.78 Tota dep.__$l,723,881.33 Total  $1,847,248.44  78  State of Arkansas: Bank Department  THE TWIN CITY BANK, NORTH LITTLE ROCK Population 21,137. Chartered March 21, 1935.  Pulaski County  Telephone Number 5-5361.  Transit Number 81-54 M ir p p f n r c  n ffiP A T Q  Henry 0. Topf____________ President R. J. Rice_____________ Vice President DeWayne Jones_____________ Cashier Ray O. Clifton______ :_Asst. Cashier J. Grayson Dickson____ Asst. Cashier  R. J. Rice Henry 0. Topf  J. E. Wright  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts____ $1,210,776.96 U. S. Gov’t obligations_ 4,210,204.67 Other bonds and securities 80,671.67 Furniture and fixtures-_ 24,000.00 Banking house_________ 21,000.00 Cash and due from banks 1,417,696.04 Other resources_________ 2,300.70  Liabilities Capital s t o c k __________ $ 150,000.00 Surplus f u n d __________ 100,000.00 Undivided p r o fit s ______ 32,190.68 Demand deposits_______ 5,357,623.70 Time d ep osits_________ 463,867.80 862,967.88 Public fu n d s___________ Total dep._$6,684,459.38  Total _______________ $6,966,650.04  Total _______________ $6,966,650.04  MISSISSIPPI COUNTY BANK, OSCEOLA Population 3,226. Chartered March 15, 1928.  Mississippi County  Telephone Number 500.  Officers C. B. Wood________________ President H. F. Ohlendorf_______Vice President S. G. Lockhart______________ Cashier Vivian Scurlock________Asst. Cashier  Transit Number 81-387  Directors R. C. Branch Abe Liverant Ben F. Butler S. G. Lockhart G. H. Florida H. F. Ohlendorf Thos. P. Florida C. B. Wood B. F. Williams  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $2,210,935.85 Overdrafts __________ 7,943.72 U. S. Gov’t obligations-. 400,914.00 Other bonds and securities 215,363.76 Furniture and fixtures.. . 8,158.13 Banking house_________ 1.00 Other real estate_______ 1.00 Cash and due from banks 836,963.59 Other resources________ 6,705.40 Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $3,686,986.45  Liabilities Capital s t o c k __________ $ 175,000.00 135,000.00 Surplus f u n d __________ Undivided p r o fit s ______ 63,736.75 Reserves ______________ 12,287.01 Demand deposits________ 2,615,291.43 Time deposits__________ 471,439.43 U. S. Gov’t deposits____ 30,173.95 Public fu n d s___________ 184,057.88 Total dep.__$3,300,962.69 Total  $3,686,986.45  79  Thirty-Fourth Report  THE PLANTERS BANK, OSCEOLA Population 3,226. Chartered April 13, 1944.  Mississippi County  Telephone Number 420.  Transit Number 81-745  Officers Directors W. J. Driver, Sr___________President Joe T. Cromer Faber A. White C. E. Dean__Vice President & Cashier C. E. Dean A. W. Young J. F. Herndon__________Asst. Cashier W. J. Driver L. C. B. Young Nathan Weinberg STATEMENT OF JUNE 30, 1948 Resources Loans and discounts____ $ 704,518.36 U. S. Gov’t obligations.. 977,826.40 Other bonds and securities 98,383.59 Furniture and fixtures_ 5,419.11 Cash and due from banks 685,939.99  Total _______________ $2,472,087.45  Liabilities Capital s to c k __________ $ 75,000.00 75,000.00 Surplus f u n d __________ Undivided p r o fits ______ 25,549.37 Reserves _______________ 7,113.55 Demand deposits_______ 1,691,673.07 Time deposits___________ 320,008.05 U. S. Gov’t deposits____ 45,635.86 Public fu n d s____________ 232,107.55 Total dep._..$2,289,424.53 Total  $2,472,087.45  BANK OF OZARK, OZARK Population 1,402. Chartered June 9, 1937.  Franklin County  Telephone Number 28.  Officers W. A. Hudspeth—President & Cashier Frank N. Johnston Inact. Vice Pres. Don Smith____________ Asst. Cashier  Transit Number 81-727  Directors W. A. Hudspeth Jeta Taylor Frank N. Johnston Romie Wilson  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts____ $ 279,636.22 Overdrafts ____________ 3,064.98 U. S. Gov’t obligations_ 833,500.00 Other bonds and securities 17,573.96 Furniture and fixtures-_ 50.00 Banking house_________ 2,500.00 Cash and due from banks 283,196.16  Liabilities Capital s to c k --------------- $ 25,000.00 Surplus f u n d __________ 25,000.00 Undivided p r o fits _____ 13,204.11 Demand deposits_______ 1,207,335.43 Public fu n d s----------------148,481.78 Total dep.__$l,355,817.21 Other liabilities________  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,419,521.32  Total  500.00 $1,419,521.32  80  State of Arkansas: Bank Department  THE SECURITY BANK AND TRUST COMPANY, PARAGOULD Population 7,079. Chartered February 5, 1931.  Greene County  Telephone Number 782.  Officers James W. Alexander______ President Sam P. McHaney______Vice President Eugene R. Browning_________Cashier Emily Meiser__________Asst. Cashier  Transit Number 81-82  Directors J. W. Alexander S. P. McHaney E. R. Browning L. G. Staub W. E. Ellington Ike Willcockson J. C. Honey J. E. Winn R. V. McCoy  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts____ $ 906,818.24 Overdrafts ____________ 56.91 U. S. Gov’t obligations_ 930,400.00 Other bonds and securities 283,199.42 Furniture and fixtures_ 3,036.31 Banking house___ _____ 14,375.00 Cash and due from banks 1,052,250.96  Liabilities Capital s t o c k __ _______ ' F 50,000.00 Surplus f u n d __ _______ 100,000.00 Undivided p r o fit s _____ 61,952.53 R eserv e s__ ___ ___ 4,456.00 Demand d e p o s its_ _ 2,011,941.07 Time deposits ______ 653,912.88 U. S. Gov’t deposits 15,004.42 Public funds 291,820.10 Total dep— $2,972,678.47 Other liabilities _  Total __________ ____$3,190,136.84  1,049.84  Total _______________ $3,190,136.84  BANK OF PARKDALE, PARKDALE Population 278. Chartered February 1, 1910.  Ashley County  Telephone Number 16.  Officers J. A. Williams_____________ President J. H. Caldwell________Vice President J. P. Caldwell_______________ Cashier  J. H. Caldwell J. P. Caldwell  Transit Number 81-416 Directors J. A. Williams  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts---------$251,654.94 O verdrafts______________ 299.72 U. S. Gov’t obligations___ 108,295.38 Other bonds and securities 1,600.00 Furniture and fixtures___ 494.48 Cash and due from banks- 118,778.87  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $481,123.39  Liabilities Capital sto ck ____________ $ 30,000.00 Surplus f u n d ___________ 20,000.00 Undivided p r o fit s _______ 14,168.26 Reserves _______________ 1,000.00 Demand d eposits------------ 321,982.21 Time deposits___________ 50,188.55 Public fu n d s ____________ 43,784.37 Total dep_____ $415,955.13 Total  $481,123.39-  81  Thirty-Fourth Report  FIRST STATE BANK, PARKIN Population 1,412. Chartered June 5, 1925.  Cross County  Telephone Number 35.  Officers H. L. Coldren_____________President F. E. Brenner_________Vice President Mrs. G. D. Carter____________ Cashier S. N. Green____________ Asst. Cashier  Transit Number 81-676  Directors F. E. Brenner H. L. Coldren, Jr. Mrs. G. D. Carter N. E. Thomas H. L. Coldren  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______$563,479.17 U. S. Gov’t obligations----- 164,263.81 Other bonds and securities 9,114,20 Furniture and fixtures___ 3,344.00 Banking house___________ 940.00 Other real estate________ 1.00 Cash and due from banks_ 223,070.96 Other resources__________ 150.00  Liabilities Capital sto ck ____________ $ 25,000.00 Surplus fu n d ____________ 42,500.00 Undivided p ro fits ________ 25,964.11 Reserves________________ 3,000.00 Demand deposits_________ 812,100.67 U. S. Gov’t deposits______ 5,340.48 Public fu n d s ____________ 47,668.30 Total dep_____ $865,109.45 Other liabilities_________ 2,789.58  T o t a l_________________ $964,363.14  T o t a l_________________ $964,363.14  BANK OF PEA RIDGE, PEA RIDGE Population 72. Chartered May 6, 1911.  Benton County  Telephone Number 10.  Officers W. T. Patterson President & Cashier R. B. Patterson_______Vice President Alvin Armstrong_____ Asst. Cs shier  Transit Number 81-468  Directors J. F. Patterson W. T. Patterson R. B. Patterson  STATEMENT OF JUNE 30, 1948 Resources  Loans and discounts_____ $177,080.80 O verdrafts______________ 144.75 Furniture and fixtures___ 1,900.00 Banking house___________ 650.00 Cash and due from banks. 93,653.55  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $273,429.10  Liabilities Capital stock_____________$ 25,000.00 Surplus fu n d ____________ 13,000.00 Undivided p ro fits _______ 2,630.38 Demand deposits________ 194,801.99 Time deposits____________ (20,995.11 Public fu n d s _____________ ' 17,001.62 Total dep_____ $232,798.72 Total  $273,429.10  82  State of Arkansas: Bank Department  THE PERRY COUNTY BANK, PERRYYILLE Population 577.  Perry County  Chartered December 8,1945. Telephone Number 4F22. Transit Number 81-752 Officers D. 0. Thomas_____________President B. J. Suffridge_____ __Vice President H. E. Van Dalsem____ ______ Cashier J. H. Moore____________ Asst. Cashier  Directors Joe B. Lipsmeyer B. H. E. Van Dalsem D. Dr. S. C. Gutowski J. Paul Van Dalsem L.  J. 0. D. E.  Suffridge Thomas Farish Jones  STATEMENT OF JUNE 30, 1948 Loans and discounts----- - $124,321.89 U. S. Gov’t obligations__ 191,597.75 Other bonds and securities 2,999.26 Furniture and fixtures___ 2,672.00 Cash and due from banks- 131,641.10  Liabilities Capital s to ck __ _________ $ 25,000.00 Surplus fu n d ____________ 5,000.00 6,357.48 Undivided p ro fits _______ Demand d ep osits________ 339,126.82 Public fu n d s ____________ 77,747.70 Total dep-------- 416,874.52  T o t a l______________ __$453,232.00  Total __________________ $453,232.00  R6souro6s  PIGGOTT STATE BANK, PIGGOTT Population 2,034. Chartered March 10, 1930.  Clay County  Telephone Number 71.  Officers V. C. Wright_________ _____ President H. C. R obbins____—_Vice President T. W. Leggett, Jr.___________Cashier J. W. Harris-— _____ __Asst. Cashier  Transit Number 81-698  THrprfnrQ J. W. Hamilton G. Will Reves H. F. Leggett H. C. Robbins T. W. Leggett, Jr. V. C. Wright  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts____ ’$ 297,302.13 U. S. Gov’t obligations_1,214,100.00 Other bonds and securities 195,400.83 Furniture and fixtures-_ 1.00 Banking house____ —___ 5,000.00 Cash and due from banks 288,027.23  Total ________________ $1,999,831.19   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Liabilities Capital s to c k __________ $ 50,000.00 50,000.00 Surplus f u n d __________ Undivided p r o fit s ______ 26,333.54 Reserves _________ 30,000.00 Demand deposits __ 1,370,475.28 55,720.89 Time deposits_______:___ U. S. Gov’t deposits_,___ 5,537.41 Public fu n d s----------------386,764.07 Deposits of banks_______ 25,000.00 Total dep.__$1,843,497.65 Total  $1,999,831.19  83  Thirty-Fourth Repoit  FIRST STATE BANK, PLAINVIEW Population 704. Chartered January 12, 1934.  Yell County  Telephone Number 051.  Transit Number 81-234 Directors  Officers  Donald Barger_______ ____ President M. A. Vandover_______ Vice President Winfred Hopper______ ______ Cashier Flora Keener_________ _Asst. Cashier  Bill Aikman Donald Barger L. C. Breashears Walter Caviness  Willie Caviness P. V. George C. B. Law M. A. Vandover  STATEMENT OF JUNE 30, 1948 Resources  Loans and discounts___ $ 123,389.52 U. S. Gov’t obligations._ 809,000.00 Other bonds and securities 53,542.34 Furniture and fixtures-_ 146.38 Banking house ________ 1.00 Other real estate_______ 1.00 Cash and due from banks 175,678.38 Total _______________ $1,161,758.62  Liabilities Capital s to c k __________ i Surplus f u n d __________ Undivided p r o fit s ______ Demand deposits_______ Public fu n d s___________ Total dep.__$l,049,501.11 Total  40.000. 00 20.000. 00 52,257.51 994,212.94 55,288.17  $1,161,758.62  BANK OF POCAHONTAS, POCAHONTAS Population 3,028. Chartered October 31, 1903.  Randolph County  Telephone Number 36.  Officers  Dr. J. W. Brown_________ President R. R. Hosey_________ Vice President Tom Bigger---------------Vice President Harry A. Belford____________ Cashier  Transit Number 81-297 Directors  F. E. Belford Harry A. Belford Tom Bigger  Dr. J. W. Brown R. R. Hosey  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 674,543.99 Overdrafts _ __________ 98.42 U. S. Gov’t obligations _ 1,498,800.00 Other bonds and securities 3,500.00 Furniture and fixtures __ 10,763.08 Cash and due from banks 565,088.84 Other resources________ 17,702.02  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $2,770,496.35  Liabilities  Capital s t o c k __________ $ 75,000.00 Surplus fund __________ 50,000.00 Undivided p r o fit s ______ 49,651.27 Demand deposits _______ 2,338,572.83 13,050.84 Time deposits _________ U. S. Gov’t deposits___ 34,630.50 Public funds __________ 205,416.56 Deposits of b an k s______ 4.174.35 Total d e p . _$2,595,845.08 Total  $2,770,496.35  84  State of Arkansas: Bank Department  THE PEOPLES BANK, PORTLAND Population 518. Chartered January 22,1908.  Ashley County  Telephone Number 2961.  Officers A. J. Gregory--------------------President H. H. N aff_____Vice Pres. & Cashier Mary Dean Pugh---------Asst. Cashier  Transit Number 81-248 Directors  A. J. Gregory H. H. N aff  H. L. Naff  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ .$202,286.13 U. S. Gov’t obligations __ 182,600.00 Furniture and fixtures . . . 750.00 Cash and due from banks _ 82,136.43 2,732.50 Other resources ________ .  Liabilities Capital stock _ _______ _$ 25,000.00 Surplus fund . . . 40,000.00 Undivided profits _ _ _ 9,767.13 Reserves _____________ 10,800.00 Demand d e p o sits__ 272,096.49 Time deposits _ __ 29,125.45 U. S. Gov’t deposits___ 4,518.75 Public f u n d s ___ _ . . 77,997.24 Total d e p . ___ $383,737.93 Other liabilities _  Total  .$470,505.06  _ _ _ _  Total  _ _ _ _  1,200.00 .$470,505.06  PORTLAND BANK, PORTLAND Population 518. Chartered April 23, 1900.  Ashley County  Telephone Number 2361.  Officers Felix Pugh________________ President R. B. Newcome, Jr____ Vice President C. E. Larrison______________ Cashier K. Thornton__________Asst. Cashier  Transit Number 81-247  Directors H. E. Cockerham R. B. Newcome, Jr. Felix Pugh  Gus Pugh Joe Pugh  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts------- $149,306.85 U. S. Gov’t obligations_ 294,366.64 Other bonds and securities. 34,230.00 Furniture and fixtures — 1,296.00 Banking house --------------1,890.00 Other real e s ta te _______ 1.00 Cash and due from banks. 567,176.98 Other resources _________ 1.00 Total _   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,048,268.47  Liabilities Capital stock ___________ $ 20,000.00 Surplus fu n d ____________ 50,000.00 Undivided p r o fits ________ 70,170.87 Demand d e p o sits________ 801,677.51 Time d eposits___________ 90,310.22 Public funds ____________ 16,109.87 Total d e p .____ $908,097.60 Total _  $1,048,268.47  85  Thirty-Fourth Report  CITIZENS BANK, POTTSVILLE Population 308. Chartered August 13, 1913.  Pope County-  Telephone Number 2431.  Officers  Transit Number 81-551 Directors  W. H. Rankin____________ President Kenneth E. Owens___ Vice President G. C. Owens_______________ Cashier  G. C. Owens Kenneth E. Owens  W. H. Rankin  STATEMENT OF JUNE 30, 1948 Loans and discounts ___ $ 40,343.50 Overdrafts ______________ 10.07 U. S. Gov’t obligations__ 150,550.00 Furniture and fix t u r e s _ 1.00 Banking house __________ 1.00 Other real esta te ________ 86.00 Cash and due from banks. 39,733.62  Liabilities Capital stock ___________ $ 20,000.00 Surplus fu n d ____________ 1,000.00 Undivided p r o fits ________ 3,664.50 5,000.00 Reserves ________________ Demand d ep osits________ 186,872.06 U. S. Gov’t deposits_____ 264.42 Public fu n d s ____________ 13,924.21 Total d e p .___ $201,060.69  Total _ _________________ $230,725.19  Total ___________________ $230,725.19  Resources  *First preferred stock with par value of $12,500.00 and common stock with par value of $7,500.00.  THE FARMERS AND MERCHANTS BANK, PRAIRIE GROVE Population 887. Chartered August 29, 1904.  Washington County  Telephone Number 95.  Officers  Transit Number 81-256 Directors  R. D. Bogart______________ President R. D. Bogart E. C. Carl__________ Vice President E. C. Carl D. E. Rieff, Exec. Vice Pres. & Cashier W. H. Mock W. H. Thompson--------Asst. Cashier Lorene Jones-------------- Asst. Cashier  J. C. Parks W. E. N. Phillips D. E. Rieff  STATEMENT OF JUNE 30, 1948 Resources  Loans and discounts___ $ 448,809.39 Overdrafts _____________ 352.98 U. S. Gov’t obligations-_ 352,400.00 Other bonds and securities 79,353.98 Furniture and fixtures __ 1.00 Banking h o u s e _________ 1,000.00 Cash and due from banks 262,083.12 Other resources ________ 1,297.32  Liabilities Capital s t o c k __________ $ 30.000. 00 Surplus f u n d ___________ 30.000. 00 Undivided p r o fits _______ 51,011.97 Demand d ep osits_______ 794.197.06 Time deposits__________ 182.281.07 U. S. Gov’t deposits___ 16,334.75 Public fun ds____________ 41,472.94 Total dep. __$1,034,285.82  Total  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,145,297.79  $1,145,297.79  State of Arkansas: Bank Department  86  BANK OF PRESCOTT, PRESCOTT Population 3,177. Chartered August 10, 1904.  Nevada County  Telephone Number 206.  Transit Number 81-140  Officers Directors Thos. C. McRae, Jr________ President Thos. M. Bemis D. L. McRae, Jr. Thos. M. Bemis______ Vice President D. K. Bemis C. D. McSwain Wren Scott---------------Vice President Thos. C. McRae, Jr. Wren Scott W. R. Hambright------------------ Cashier Chas. H. Tompkins Sam T. White 0. J. Stephenson_____ Asst. Cashier W. R. Hambright John T. McRae J. A. Yancey__________Asst. Cashier W. V. Tompkins STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 431,868.57 U. S. Gov’t obligations _ 1,950,600.00 Other bonds and securities 97,202.32 Furniture and fixtures_ 3,897.75 Banking house ________ 9,200.00 Cash and due from banks 994,268.04 Other resources________ 17,836.75  Liabilities Capital s t o c k __________ $ 75,000.00 Surplus f u n d __________ 75,000.00 Undivided p r o f it s ______ 23,466.64 Reserves ______________ 1,184.00 Demand deposits_______ 2,895,862.86 Time deposits__________ 151,710.12 U. S. Gov’t deposits____ 6,419.49 Public funds __________ 276,230.32 Total dep. ... .$3,330,222.79  Total _________________ $3,504,873.43  Total _________________ $3,504,873.43  BANK OF QUITMAN, QUITMAN Population 393. Chartered August 15, 1903.  Cleburne County  Telephone Number 2401.  Officers W. H. McNair_____________ President Ben F. Clark___ Vice Pres. & Cashier Edith Ellis___________ Asst. Cashier N. H. Tarver________ Asst. Cashier  J. A. Bailey Ben F. Clark Edith Ellis  Transit Number 81-424 Directors W. H. McNair N. H. Tarver  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts____ $184,768.52 O verdrafts______________ 160.45 U. S. Gov’t obligations___ 411,000.00 Other bonds and securities 25,364.20 Furniture and fixtures___ 2,100.00 Banking house_________ 1.00 Cash and due from banks. 187,664.42 Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $811,058.59  Liabilities Capital s to ck ____________ $ 25,000.00 Surplus fu n d ____________ 25,000.00 Undivided p ro fits ________ 23,166.05 Demand d ep osits________ 697,905.80 Time deposits___________ 15,000.00 Public fu n d s ____________ 24,986.74 Total dep_____ $737,892.54 Total  $811,058.59  87  Thirty-Fourth Report  THE BANK OF RECTOR, RECTOR Population 1,736.  Clay County  Chartered November 15,1930. Telephone Number 149. Transit Number 81-173 Officers  Directors  J. C. Hardin______________ President J. A. Marlar___ Exec. Vice President 0. A. Harper_______________Cashier Claudia Justus________Asst. Cashier  J. C. Hardin T. C. Justus  J. A. Marlar E. M. Purcell  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 675,815.82 Overdrafts ____________ 44.81 U. S. Gov’t obligations_ 505,100.00 Other bonds and securities 56,292.21 Furniture and fix tu re s_ 5,349.03 Cash and due from banks 278,692.73 Other resources ________ 1, 000.00  Total _________________ $1,522,204.60  Liabilities  Capital stock __________$ 30,000.00 Surplus f u n d --------------60,000.00 Undivided p r o fit s ______ 12,324.56 Reserves ______________ 7,500.00 Demand deposits_______ 1,260.577.87 U. S. Gov’t deposits___ 16,362.34 Public funds __________ 135,529.83 Total dep. __ .$1,412,470.04 Total  $1,522,294.60  FARMERS AND MERCHANTS BANK, REYNO Population 346.  Randolph County Transit Number 81-427  Chartered December 8, 1911. Officers F. E. Belford_____________ President Glenn Brown_________Vice President Freda M. Brown____________ Cashier  Directors F. E. Belford Glenn Brown Freda M. Brown  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts----- $ 158,800.04 158.20 Overdrafts _____________ U. S. Gov’t obligations __ 173,000.00 Other bonds and securities. 51.00 Furniture and fixtures — 3,500.00 Banking h o u s e -------------3,000.00 Cash and due from banks. 120,553.05 Other resources_________ 870.55  Liabilities  Capital stock -----------------$ 25,000.00 5,000.00 Surplus f u n d -----------------Undivided p r o fits -----------5,098.60 5,000.00 Reserves -----------------------Demand d eposits-- --------- 403,745.54 U. S. Gov’t deposits--------4,090.62 Public funds ____________ 11,993.14 Total d e p .___ $419,829.30 Other liabilities__________  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $ 459,932.84  Total  4.94  $ 459,932.84  88  State of Arkansas: Bank Department  THE BANK OF BISON, BISON Population 1,005. Chartered March 7,1932.  Cleveland County  Telephone Number 48.  Officers J. L. Moore________________President J. L. Sadler_________ Vice President J. E. McCoy_________ Vice President Herman Davidson___________ Cashier Kobert L. Searcy_____ Asst. Cashier Mrs. Hazel Smith_____ Asst. Cashier  Transit Number 81-428  Directors Herman Davidson Jo Nichol J. E. Goggans J. L. Sadler J. L. Moore Max M. Smith J. E. McCoy B. W. Thomasson R. T. McCoy  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts_____$155,932.31 U. S. Gov’t obligations__ 594,117.96 Other bonds and securities 21,011.41 Furniture and fix t u r e s _ 2,090.52 1,650.00 Banking h o u s e __________ Other real e s ta te ________ 509.00 Cash and due from banks. 166,540.17  Liabilities Capital stock ___________ $ 25,000.00 Surplus f u n d ____________ 25,000.00 Undivided p r o fits ------------ 29,712.47 R eserves________________ 16,889.66 Demand d ep osits------------ 617,598.42 Time d eposits___________ 111,759.78 U. S. Gov’t deposits _____ 337.50 Public funds ____________ 115,553.54 Total deposits _$845,249.24  Total _________________ $941,851.37  Total _________________ $941,851.37  THE BANK OF RUSSELLVILLE, RUSSELLVILLE Population 5,927.  Pope County  Chartered December 23, 1897. Telephone Number 16. Transit Number 81-119 Officers Geo. S. N e a l_____________ President R. L. Jenkins________Vice President M. J. H ick ey______________ Cashier Robert H. P arker_____Asst. Cashier  M. J. Hickey R. L. Jenkins A. M. Mathews  Directors Geo. S. Neal C. M. Richmond  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 727,395.21 U. S. Gov’t obligations_ 1,769,606.72 Other bonds and securities 284,584.39 Furniture and fixtures_ 15,000.00 Banking h ou se_________ 15,000.00 "tTther real estate_______ 15.00 Cash and due from banks 824,293.55 Other resources________ 629.00  ' ------------------Total ________________$3,636,523.87  Liabilities Capital s to c k __________ $ 100,000.00 Surplus f u n d --------------20,000.00 Undivided p r o fit s __________________ 220,944.1 Demand deposits_______ 2,304,363.58 Time d ep osits_________ 786,502.48 U. S. Gov’t deposits___ 22,772.34 Public fu n d s----------------180,790.74 Deposits of ban k s__________________ 1,150.56 Total dep. __$3,295,579.70  X\   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  T o t a l_______________ $3,636,523.87  89  Thirty-Fourth Report  PEOPLES EXCHANGE BANK, RUSSELLVILLE Population 5,927. Chartered March 24, 1890.  Pope County  Telephone Number 12.  Officers L. B. McClure____________ President Donald Barger_Exec. Vice President C. E. Lem ley________Vice President John T. L ittle ____________ Cashier Hazel G. L ittle _______Asst. Cashier  Transit Number 81-118  Directors I. A. Laws Donald Barger L. B. McClure Lee Cheek A. B. Priddy G. M. Cook J. Madison White Chas. M. Howell  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 867,909.22 U. S. Gov’t obligations __ 1,721,800.00 Other bonds and securities 291,230.07 7,500.00 Furniture and fixtures_ Banking h ou se_________ 16,000.00 3.00 Other real estate---------Cash and due from banks 840,259.18  T o t a l_______________ $3,744,701.47  Liabilities $ 100,000.00 Capital s to c k _ 20,000.00 Surplus fund _ __ 108,441.15 Undivided profits 2,594,552.40 Demand deposits 536,395.33 Time deposits_ __ U. S. Gov’t deposits __ __ 100,442.65 199,399.83 Public funds _ 85,470.11 Deposits of banks Total dep__ $3,516,260..32 Total _  $3,744,701.47  BANK OF SALEM, SALEM Population 574. Chartered December 9, 1908.  Fulton County  Telephone Number 8.  Officers Rex Castleberry__________ President Fay Castleberry_____Vice President Jim Humphries____________ Cashier Corwin M osey________Asst. Cashier  Transit Number 81-430  Directors Lanis Ashley H. J. Humphries Fay Castleberry Jim Humphries Rex Castleberry  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 394,425.60 Overdrafts ____________ 645.38 U. S. Gov’t obligations_ 330,300.00 Other bonds and securities 3,497.97 Furniture and fixtures_ 2,800.00 Banking h ou se_________ 500.00 Cash and due from banks 537,628.05  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,269,797.00  Liabilities Capital s to c k __________$ 25,000.00 Surplus f u n d __________ 25,000.00 Undivided p r o fits ______ 35,953.72 Demand deposits_______ 1,044,378.02 Time d eposits_________ 39,762.84 U. S. Gov’t deposits___ 6,768.75 Public fu n d s___________ 92,933.67 Total dep. __$1,183,843.28 Total  $1,269,797.00  90  State of Arkansas: Bank Department  LOGAN COUNTY BANK, SCRANTON Population 322. Chartered April 7, 1926.  Logan County  Telephone Number 14.  Officers Frank A h ne______________ President Afton Mitchell_______Vice President Leonard A h n e ____________ Cashier Joe Fritschie------------- Asst. Cashier  Frank Ahne Ross Martin  Transit Number 81-686 Directors Afton Mitchell  STATEMENT OF JUNE 30, 1948 Resources Liabilities Loans and discounts______ $300,285.04 Capital s t o c k ___________ $ 25,000.00 Overdrafts_______________ 579.23 Surplus fund ___________ 15,000.00 Undivided p r o fits ________ 21,448.09 U. S. Gov’t obligations_ 177,500.00 Furniture and fixtu res_____________ 1.00Demand d ep osits________ 660,625.39 Time deposits----------------- 16,688.50 Banking h o u s e ___________ 100.00 Cash and due from banks- 286,547.75 U. S .Gov’t deposits______ 5,815.36 Public fu n d s ____________ 20,435.68 Total deposits_$703,564.93 T o t a l_________________ $765,013.02  T o t a l__________________$765,013.02  THE SEARCY BANK, SEARCY Population 3,670.  White County  Chartered May 1, 1943. Telephone Number 780 and 781. Transit Number 81-154 Officers E. P. P y e a tt------------------ President Frank S. Leavitt---------------Cashier Marian Schwarz______Asst. Cashier L. W. Sutherlin_______Asst. Cashier D. H. H ardin_______ Asst. Cashier  Directors Cal Aclin Hubert Smith Frank S. Leavitt Thos. A. Watkins E. P. Pyeatt  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $1,237,851.70 Overdrafts ____________ 78.28 U. S. Gov’t obligations:._ 1,279,130.35 Other bonds and securities 581,738.36 Furniture and fixtures_ 6,000.00 Cash and due from banks 815,678.72  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $3,920,477.41  Liabilities Capital s t o c k ----------------$ 100,000.00 Surplus f u n d __________ 75,000.00 62,735.29 Undivided p r o fits --------Reserves ----------------------8,811.57 Demand deposits ----------- 3,158,181.22 U. S. Gov’t deposits-----82,917.18 Public funds __________ 391,807.76 Deposits of b an k s______ 41,024.39 Total dep._$3,673,930.55 Total  $3,920,477.41  91  Thirty-Fourth Report  THE SECURITY BANK, SEARCY Population 3,670. Chartered February 6, 1932.  White County  Telephone Number 224.  Officers A. J. Stephens____________ President B. C. Huddleston______ Vice President H. M. Thompson______ Vice President E. O. Yancey___ Exec. Vice President E. M. Twyford______________ Cashier Lucille Holleman_______ Asst. Cashier C. I. Stevens___________ Asst. Cashier Wilbur Dobbins_________Asst. Cashier  Transit Number 81-153  Directors B. C. Huddleston H. M. Thompson K. B. Rand E. 0. Yancey J. W. Sanford Ray A. Yarnell A. J. Stephens  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 780,576.49 U. S. Gov’t obligations __ 802,265.56 Other bonds and securities 357,939.33 Furniture and fixtures __ 9,175.27 Banking h ou se_________ 1.00 Cash and due from banks 537,207.04  Total  $2,487,164.69  Liabilities Capital s t o c k __________ $ 100,000.00 Surplus fund __________ 70,000.00 Undivided p r o f it s ______ 65,112.59 Reserves ______________ 16,065.23 Demand deposits_______ 1,911,602.65 U. S. Gov’t deposits____ 74,700.30 Public fu n d s ___________ 204,271.64 Deposits of ban k s______ 45,412.28 Total dep___ $2,235,986.87 Total  $2,487,164.69  GRANT COUNTY BANK, SHERIDAN Population 1,338.' Grant County Chartered July 29, 1903.  Telephone Number 84.  Officers J. A. McCoy______________ President A. L. Blakely_______ Vice President Coats A. Mitchell___________ Cashier  Transit Number 81-432  Directors A. L. Blakely D. E. McCoy Otto P. Cearley J. A. McCoy O. R. Kelly Coats A. Mitchell C. A. McCoy  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 402,943.55 U. S. Gov’t obligations __ 493,550.00 18,590.00 Other bonds and securities 526.42 Furniture and fixtures __ 1.00 Banking house _ ----- --Cash and due from banks 271,984.68  Total  _  _____   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  _  $1,187,595.65  Liabilities $ 50,000.00 Capital stock 25,000.00 Surplus fund _ 53,116.93 Undivided profits 4,165.80 Reserves _ Demand deposits _ _ _ 890,019.64 14,746.27 Time deposits __ ______ 13,571.12 U. S. Gov’t deposits___ 135,823.20 Public funds _ _ 1,152.69 Deposits of banks Total dep. _-$1,055,312.92 Total  _  _ _ _ $1,187,595.65  92  State of Arkansas: Bank Department  BANK OF SHERRILL, SHERRILL Population 258. Chartered August 13, 1913.  Jefferson County  Telephone Number 97J3.  Officers A. R. Merritt______________ President Jim G. Ford__________ Vice President Mrs. A. R. Merritt__________ Cashier  E. L. Burgess. R. P. Cratin  Transit Number 81-556 Directors Jim G. Ford A. R. Merritt  STATEMENT OF JUNE 30, 1948 Resources Leans and discounts---------$206,649.06 O verdrafts--------------------402.76 U. S. Gov’t o b lig a tio n s _ 135,500.00 Other bonds and securities 68,570.60 Furniture and fixtures — 3,050.00 Banking house __________ 2,550.00 Cash and due from banks— 84,670.57  Liabilities Capital stock ___________ $ 25,000.00 Surplus fu n d ____________ 9,000.00 Undivided p r o fits ________ 6 205.04 R eserves________________ 12,500.00 Demand d e p o sits________ 358.534.64 Time d eposits___________ 50,982.32 Public f u n d s ____________ 39,170,99 Total deposits _$448,687.95  Total _________________ $501,392.99  Total _________________ $501,392.99  *First preferred stock with par value of $12,500.00 and common stock with par value of $12,500.00.  BANK OF SIDNEY, SIDNEY Population 153.  Sharp County  Chartered September 23, 1912. Officers O. S. Westmoreland________President Thomas A. Bone______Vice President R. C. Pounders______________ Cashier Atalee Pounders------------ Asst. Cashier  Transit Number 81-522 Directors Thomas A. Bone O. S. Westmoreland R. C. Pounders  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts_____$ 6,931.71 Overdrafts ______________ 1.07 U. S. Gov’t obligations_ 281,080.00 Furniture and fixtures — 1.00 Banking h o u s e -------- ------1.00 Cash and due from banks _ 86,472.94 Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $374,487.72  Liabilities Capital stock ___________ $ 5,000.00 Surplus f u n d ____________ 5,750.00 Undivided p r o fits ________ 1,519.78 Demand d ep osits________ 360,862.53 Public funds ____________ 1,355.41 Total deposits -$362,217.94 Total  $374,487.72  93  Thirty-Fourth Report  BRATT-WASSON BANK, SILOAM SPRINGS Population 2,764. Chartered April 8, 1932.  Benton County  Telephone Number 33.  Transit Number 81-706  Directors Sadie Monroe Vol Wasson Elsie Sumner Tom Whiteside Marion Wasson  Officers Marion Wasson___________ President Sadie Monroe_______ Vice President Vol Wasson_________ Vice President Tom Whiteside______________ Cashier Elsie Sumner_________ Asst. Cashier Max Sample__________ Asst. Cashier  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts —r _$ 655,012.92 Overdrafts ____________ 1,224.13 U. S. Gov’t obligations __ 2,067,192.00 Other bonds and securities 96,271.60 Furniture and fixtures __ 14,971.02 Banking h ou se_ 3,600.00 Other real e s ta te ______ 803.59 Cash and due from banks 886,243.05 Other resources-----------16,034.26  Liabilities Capital s t o c k __________ $ 75,000.00 Surplus fund __________ 25,000.00 Undivided p r o fit s ______ 22,709.01 Reserves ______________ 40,000.00 Demand deposits_______ 3,078,964.97 Time deposits__________ 333,649.00 U. S. Gov’t deposits___ 62,175.02 Public funds __________ 103,854.57 Total dep. __$3,578,643.56  $3,741,352.57  T o ta l________________ $3,741,352.57  Total  SMACKOVER STATE BANK, SMACKOVER Population 2,235. Chartered April 18, 1928.  Union County  Telephone Number 35.  Officers J. E. B e r r y _____________ President Mike B e r g __________Vice President L. E. Tennyson, J r . ______ Cashier R. N. M anley_________Asst. Cashier  Transit Number 81-654  Directors H. L. Berg J. E. Berry Mike Berg Homer T. Rogers L. E. Tennyson, Jr.  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts----- ? 427,347.86 U. S. Gov’t obligations— 285,406.68 Other bonds and securities 441,586.74 9,277.44 Furniture and fixtures _ _ 3,500.00 Banking house -----------3,117.43 Other real e s ta te --------Cash and due from banks 416,535.95 546.20 Other resources------------  Liabilities Capital s to c k __________$ 25,000.00 Surplus f u n d --------------25,000.00 Undivided p r o fits _____ 29,587.50 Reserves --------------------40,000.00 Demand deposits_______ 1,223,720.31 Time deposits__________ 185,440.84 U. S. Gov’t deposits___ 19,274.21 Public funds __________ 39,013.61 Total dep. __$1,467,448.97 Other liabilities  T o t a l_______________ $1,587,318.30  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  281.83  T o t a l_______________ $1,587,318.30  94  State of Arkansas: Bank Department  CITIZENS BANK, SMITHVILLE Population 250.  Lawrence County  Chartered March 23, 1901.  Transit Number 81-434  Officers R. S. Rainwater____________ President A. M. Starr__________ Vice President Luke Johnston______________ Cashier Flynn Justus__________ Asst. Cashier  Directors R. S. Rainwater Webster Per kens Virginia Rainwater A. M. Starr Sloan Rainwater, Jr.  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 281,808.97 O verdrafts_____________ 627.06 U. S. Gov’t obligations — 502,760.00 Other bonds and securities 12,920.00 Furniture and fixtures — 1,601.00 1.00 Banking h ou se__________ Cash and due from banks 190,580.07  Liabilities Capital s t o c k ---------------- .$ 10,000.00 . 15,000.00 Surplus f u n d ----Undivided p r o fits _______ . 16,505.48 6,000.00 Reserves --------------- --. Demand deposits _ _ .. 863,053.89 Public f u n d s --------. 79,730.71 Total d e p . ------$942,784.60 Other liabilities  T o t a l___________________ $990,298.10  Total  8.02 .$990,298.10  BODCAW BANK, STAMPS Population 2,405. Chartered December 8, 1902.  Lafayette County  Telephone Number 91.  Officers C. L. Cabe------------------------ President A. P. Beasley------------Vice President C. C. Russell________________ Cashier  Transit Number 81-436  Directors Dr. F. E. Baker R. T. Boulware A. P. Beasley C. L. Cabe W. R. Boney J. C. Cabe  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 349,326.50 U. S. Gov’t obligations _ 653,900.00 Other bonds and securities 159,582.62 Furniture and fixtures _ 100.00 Banking house -----------1,000.00 Other real es ta te ______ 14.00 Cash and due from banks 439,978.78 Other resources _______ 1,387.07  Liabilities Capital s t o c k __________ $ 50,000.00 Surplus fund __________ 50,000.00 Undivided p r o f it s ______ 69,381.46 Reserves_______________ 20,628.83 Demand deposits_______ 1,126.996.03 Time deposits__________ 139,834.66 U. S. Gov’t deposits____ 12,279.13 Public funds !__________ 136,168.86 Total dep. __$1,415,278.68  Total  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,605,288.97  $1,605,288.97  95  Thirty-Fourth Report  FIRST STATE BANK, SPRINGDALE Population 3,319. Chartered February 12, 1923.  Washington County  Telephone Number 581.  Officers Shelby Ford_______________ President T. L. Fowler__________ Vice President J. T. Bain___________________ Cashier Mace D. Howell_Asst. Vice President Alice Sigmon__________Asst. Cashier  Transit Number 81-856  Directors Shelby Ford J. R. Joyce T. L. Fowler Dr. C. P. Sisco C. L. George Joe M. Steele Tom Hargis J. S. Watts Elmer Johnson A. P. Wilson L. E. Johnson  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $1,049,988.56 U. S. Gov’t obligations_ 1,084,515.04 Other bonds and securities 224,207.50 Furniture and fixtures __ 18,432.90 Banking h o u se _________ 36,345.26 Cash and due from banks- 600,485.64  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $3,013,974.90  Liabilities Capital s t o c k __________ $ 40,000.00 Surplus f u n d __________ 40,000.00 Undivided p r o fit s ______ 26,184.77 Reserves_______________ 35,000.00 Demand deposits ______ 1,928,231.17 Time deposits__________ 647,264.93 U. S. Gov’t deposits_ 101,735.61 Public funds __________ 195,558.42 Total d e p .__ $2,872,790.13 Total  $3,013,974.90  96  State of Arkansas: Bank Department  MERCHANTS AND PLANTERS BANK, SPARKMAN Population 840. Chartered September 9, 1916.  Dallas County  Telephone Number 15.  Officers C. F. Sturgis--------------------- President S. B. Horne--------------Vice President C. E. Hays---------------------------- Cashier  Transit Number 81-581  Directors Garland Gaston C. F. Sturgis C. E. Hays W. P. Sturgis S. B. Horne P. H. Taylor  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 102,100.22 U. S. Gov’t obligations 727,100.00 Other bonds and securities 7,921.00 Furniture and fixtures __ 800.00 2,000.00 Banking house__________ Other real estate _______ 1.00 Cash and due from banks. 355,428.22  Liabilities Capital s t o c k __________ $ 10,000.00 Surplus f u n d __________ 20,000.00 Undivided p r o f it s ______ 6,171.28 Demand deposits_______ 1,090,873.68 Time deposits__________ 19,990.97 Public fu n d s ___________ 48,314.51 Total dep. __$1,159,179.16  Total  Total  $1,195,350.44  $1,195,350.44  BANK OF STAR CITY, STAR CITY Population 1,000. Chartered April 7, 1925.  Lincoln County  Telephone Number 57.  Officers W. R. Alsobrook__________ President T. S. Lovett, Jr.______ Vice President I. A. Chambers_____________Cashier  Transit Number 81-437  Directors Dr. H. B. Alsobrook Clyde E. Fish W. R. Alsobrook T. S. Lovett, Jr. I. A. Chambers G. D. Smith  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______$169,843.91 U. S. Gov’t obligations__ 375,700.00 Other bonds and securities 139,745.00 2,100.00 Furniture and fix tu res__ Banking house --------------5,000.00 Other real esta te________ 1.00 Cash and due from banks _ 243,320.18  Liabilities Capital stock ___________ $ 25,000.00 Surplus fu n d ____________ 25.000.00 Undivided p r o fits ________ 47,702.54 Reserves ________________ 5,120.00 Demand d ep osits________ 524,250.23 Time d eposits___________ 82,229.08 Public funds ____________ 226,408.24 Total deposits- $832,887.55  Total  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $935,710.09  $935,710.09  97  Thirty-Fourth Report  THE STEPHENS SECURITY BANK, STEPHENS Population 998. Chartered February 8, 1946.  Ouachita County  Telephone Number 2761.  Transit Number 81-755 Directors  Officers  Chas. T. Reveley_________ President A. B. Turner__________Vice President James Smith_________ Vice President Floyd Bryan________________ Cashier J. R. Smith____ ______ Asst. Cashier  Floyd G. W. H. G. Chas.  Bryan James Smith Haltom A. B. Turner HearnsbergerN. S. Yarbrough T. Reveley  STATEMENT OF JUNE 30, 1948 Resources  Liabilities  Loans and discouhts______$224,649.69 U. S. Gov’t obligations__ 347,441.45 Other bonds and securities 92,105.23 Furniture and fixtures — 8,801.38 4,915.04 Banking h o u s e --------------Cash and due from banks _ 115,230.06 Other resources _________ 516.06  Capital stock ___________ $ 25,000.00 Surplus f u n d ____________ 15,000.00 Undivided profits _______ 6,519.08 Demand d eposits________ 640,998.44 U. S. Gov’t deposits______ 8,813.10 Public funds ____________ 97,328,29 Total d e p .___ $747,139.83  Total ___________________ $793,658.91  Total ___________________ $793,658.91  CITIZENS BANK, STRONG Population 762. Chartered January 19, 1931.  Union County  Telephone Number 20.  . Officers  Transit Number 81-441 Directors  O. B. Clark________________ President C. B. Bird____________ Vice President B. Finney___________________ Cashier Laura K. Robertson___ Asst. Cashier  C. B. Bird C. H. Bird O. B. Clark  J. E. Cooper E. W. Smith  STATEMENT OF JUNE 30, 1948 Resources  Liabilities  Loans and discounts____ $205,149.40 U. S. Gov’t obligations__ 247,550.00 Furniture and fixtures __ 2,414.00 Banking house __________ 180.00 Other real es ta te ________ 1.00 Cash and due from banks _ 318,571.34  Capital stock ___________ $ 25 000.00 Surplus fu n d ____________ 25,000.00 Undivided profits_________ 29,782.34 Reserves ________________ 3,317.07 Demand d eposits________ 643,497.94 Time deposits ___________ 27469.84 U. S. Gov’t deposits____ 4,187.15 Public funds ____________ 15,611.40 Total d e p . ___ $690,766.33  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $773,865.74  Total  $773,865.74  98  State of Arkansas: Bank Department  THE FARMERS AND MERCHANTS BANK, STUTTGART Population 5,628. Chartered December 29, 1944.  Arkansas County  Telephone Number 750. Transit Number 81-747  Officers G. H. Franzen_____________ President G. B. Shafer___ Exec. Vice President R. F. Howe__________ Vice President J. C. Barnett________________ Cashier Lela M. Curtis________Asst. Cashier  Directors R. B. Curtis D. C. McDonald Gilbert Franzen G. B. Shafer R. F. Howe Ralph Wilson Russell McCollum  STATEMENT OF JUNE 30, 1948 Resources Liabilities Loans and discounts___ $ 530,726.75 Capital s t o c k __________ $ 75,000.00 U. S. Gov’t obligations_ 1,310,187.87 Surplus f u n d ---------------50,000.00 Other bonds and securities 285,812.22 Undivided p r o f it s ______ 17,611.53 Furniture and fix tu res_ 11.071.98 Reserves ______________ 2,491.62 Banking house__________ 20,000.00 Demand deposits ______ 2,093,884.70 Cash and due from banks. 497,198.80 Time deposits___________ 253,632.41 Other resources________ 454.91 U. S. Gov’t deposits____ 21,278.99 Public fu n d s ___________ 141,421.53 131.75 Deposits of b an k s______ Total d e p .__ $2,510,349.38 Total  $2,655,452.53  Total  $2,655,452.53  CITIZENS BANK, TILLAR Population 229. Chartered July 28, 1913.  Drew County  Telephone Number 5.  Officers V. C. Harrell_____________President C. H. Kimbro________Vice President J. H. Kimbro_______________ Cashier  Transit Number 81-446  Directors Ashley Cockrill B. C. Prewitt V. C. Harrell W. S. Wood C. H. Kimbro J. H. Kimbro  STATEMENT OF JUNE 30, 1948  Resources Loans and discounts---------$ 29,382.85 O verdrafts---------------------87.06 U. S. Gov’t obligations__ 179,500.00 Other bonds and securities 101,750.00 Furniture and fixtures __ .50 Banking h o u s e --------------.50 Cash and due from banks _ 84,647.85 Other resou rces-------------4,965.28 Total  ’_________________ $400,334,04   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Liabilities Capital s to ck ____________ $ 25,000.00 Surplus fu n d ____________ 25,000.00 Undivided p r o fits ________ 19,764.55 Demand deposits ________ 252,922.22 U. S. Gov’t d eposits____ 4,696.88 Public funds ____________ 72,950.39 Total d e p . ___ $330,569.49 Total _____________________$400,334.04  99  Thirty-Fourth Report  BANK OF TRUMANN, TRUMANN Population 3,381. Chartered October 26, 1911.  Poinsett County  Telephone Number 7.  Transit Number 81-488  O ffip p r ft  Geo. 0. Campbell__________President Geo. B. Cash_________ Vice President M. T. Byrn_________ Vice President Earl Yarbrough_____________ Cashier Clyde Robertson, Jr____ Asst. Cashier  M. T. Byrn Geo. 0. Campbell Geo. B. Cash  J. F. Lady Norris C. Taylor  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 746,089.97 U. S. Gov’t obligations __ 803,000.00 Other bonds and securities 24,000.00 Furniture and fixtu res_ 1.00 Banking h ou se------------14,193.41 Cash and due from banks 840,854.14  Liabilities Capital s t o c k __________ $ 50,000.00 Surplus fund __________ 70,000.00 Undivided p r o f it s ______ 59,514.91 Reserves_______________ 14,584.18 Demand deposits ______ 2,073,357.31 Time deposits__________ 3,300.00 U. S. Gov’t deposits___ 3,525.00 153,857.12 Public fu n d s ___________ Total dep. _.$2,234,039.43  T o ta l----------------------------$2,428,138.52  T o ta l__________________ $2,428,138,52  BANK OF TUCKERMAN, TUCKERMAN Population 875. Chartered November 8, 1902.  Jackson County  Telephone Number 1.  Officers F. L. Penix______________ President O. B. Armstrong Exec.Vice President R. O. Norris__________ Vice President Chas. Shaver________________ Cashier L. H. Conditt__________Asst. Cashier  Transit Number 81-448  Directors O. B. Armstrong F. L. Penix D. C. Dowell A. S. Riegler R. O. Norris  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 356,048.92 U. S. Gov’t obligations_ 430,563.65 Furniture and fixtures __ 500.00 Banking house ________ 4,000.00 Cash and due from banks 291,676.30 Other resources ________ 467.25  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,083,256.12  Liabilities Capital s t o c k __________$ 25.000. 00 20. 000. 00 Surplus fu n d ___________ 22,835.37 Undivided p r o fit s ______ Demand deposits ______ 865,113.51 Time deposits__________ 44,456.12 Public fu n d s ___________ 84,148.40 Deposits of banks_______ 21,702.72 Total d e p .__ $1,015,420.75 Total  $1,083,256.12  100  State of Arkansas: Bank Department  CITIZENS BANK AND TRUST COMPANY, VAN BUREN Population 5,422. Chartered December 20, 1910.  Crawford County  Telephone Number 5.  Officers David T. Bryan___________ President Robert W. Geliy______Vice President Frank D. Pape--------------------- Cashier John V. Burrough______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, 1948 Resources Loans and discounts___ $ 125,118.75 U. S. Gov’t obligations __ 1 422 728.07 Other bonds and securities 318,494.49 7,500.00 Banking house _________ Other real e sta te_____ 1.00 Cash and due from banks 463,572.72  Liabilities Capital s t o c k __________ $ 50,000.00 Surplus f u n d ___________ 50,000.00 Undivided p r o f it s ______ 41,627.42 Reserves _ _____________ 75,733.95 Demand deposits_______ 1,690,218.70 Time deposits___________ 267,160.69 U. S. Gov’t deposits___ 5,048.52 Public fu n d s ___________ 157,625.75 Total dep. —$2 120,053.66  T o ta l__________________ $2,337,415.03  T o ta l__________________ $2,337,415.03  PEOPLES BANK AND TRUST COMPANY, VAN BUREN Population 5,422. Chartered August 12, 1933.  Crawford County  Telephone Number' 208.  Officers J. J. Izard___ •---------- ____ President C. E. Izard___________ Vice President Dell Miller___________ _______Cashier Stewart Condren_____ .Asst. Cashier  Transit Number 81-100 Directors  Hal Brown C. E. Izard J. J. Izard A. W. Meier  Dell Miller R. C. Rhodes Wylie B. Smith  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 140,851.35 Overdrafts _ __________ 1,710.15 U. S. Gov’t obligations _ 1,358,737.00 Other bonds and securities 149,416.25 Furniture and fixtu res_ 3,500.00 Banking house ________ 5,500.00 Other real e s ta te ______ 1.00 Cash and due from banks 503,575,92 Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $2,163,291.67  Liabilities Capital s t o c k __________ $ 50,000.00 Surplus fund __________ 50,000.00 Undivided p r o fit s ______ 7,581.57 Demand deposits ______ 1,430,768.11 Time deposits__________ 335,290.53 U. S. Gov’t deposits ___ 18,447.77 Public funds _____________271,203.69 Total dep. _-$2,055,710.10 Total  $2,163,291.67  101  Thirty-Fourth Report  BANK OF WALDO, WALDO Population 1,240. Chartered September 2, 1899.  Columbia County  Telephone Number 16.  Officers J. Thurston Howell________President W. S. McKissack____ Vice President Mary H. Martin____________ Cashier  Transit Number 81-265  Directors J. Thurston Howell W. S. McKissack Mrs. J. Thurston Howell  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts____ $120,885.77 U. S. Gov’t obligations__ 384,320.00 Other bonds and securities 24,196.69 Furniture and fix tu re s __ 595.00 Banking house __________ 2,200.00 Cash and due from banks _ 141,935.89 Other resou rces_________ 317.27  Liabilities Capital stock ___________ $ 25,000.00 Surplus fund ___________ 5,000.00 Undivided p r o fits ________ 10,390.99 Reserves -----------------------6,587.68 Demand d ep osits________ 547,180.29 Time deposits___________ 8,392.07 U. S. Gov’t deposits______ 16,061.92 Public funds ____________ 55,837.67 Total d e p . ___ $627,471.95  Total ___________________ $674,450.62  Total ___________________ $674,450.62  THE PEOPLES BANK, WALDO Population 1,240. Chartered June 22, 1910.  Columbia County  Telephone Number 44.  Officers H. A. Fincher___________ President J. E. O’Daniel________Vice President B. L. Scott_________________ Cashier W. B. Sawyer_________Asst. Cashier H. H. Fincher________ Asst. Cashier  Transit Number 81-266  E. F. Fincher G. L. Fincher H. A. Fincher  Directors W. O. Fincher J. E. O’Daniel  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 118 431.35 U. S. Gov’t obligations_ 685,200.00 Other bonds and securities 52,340.00 Furniture and fixtures __ 1.00 Other real estate ______ 1.00 Banking h ou se_________ 1.00 Cash and due from banks 198,113.74  Liabilities Capital s to ck ____________ $ 26,000.00 Surplus fu n d ____________ 25,000.00 Undivided p ro fits ________ 8,468.51 Demand d eposits_________ 819,701.56 Time deposits____________ 101,101.77 U. S. Gov’t deposits_____ 5,624.50 Public fu n d s ____________ 69,191.75 Total d e p .___ $995,619.58  Total  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $1,054,088.09  $1,054,088.09  102  State of Arkansas: Bank Department  BANK OP WALDRON, WALDRON Population 1,298. Chartered April 3, 1901.  Scott County  Telephone Number 41.  Officers W. B. Piles________________ President Gene Davidson________Vice President M. C. Bird__________________ Cashier Claude W. Harrison___ Asst. Cashier Mollie E. Center____ .__ Asst. Cashier  Transit Number 81-239  Directors W. A. Bates Miles Dozier M. C. Bird W. S. Mitchell Mollie E. Center W. B. Piles Gene Davidson  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 461,609.92 Overdrafts -----------------2,273.79 U. S. Gov’t obligations_ 1,281,400.00 Other bonds and securities 177,549.28 Furniture and fixtu res_ 3,000.00 Banking house ________ 5,000.00 Cash and due from banks 797,305.62 Other resources________ 2,800.00 T o ta l________________ $2,730,938.61  Liabilities Capital s t o c k __________ $ 50,000.00 Surplus fund --------------50 000.00 Undivided p ro fits_______ 22 959.14 Demand deposits________ 2,019,213.75 Time deposits__________ 358,149.94 U. S. Gov’t deposits___ 17,953.92 Public fu n d s ___________ 212,661.86 Total dep.__$2,607,979.47 Total  $2,730,938.61  MERCHANTS AND PLANTERS BANK, WARREN Population 2,516. Chartered March 15, 1890.  Bradley County  Telephone Number 20.  Officers Carl Hollis---------- Chairman of Board F. M. Holt________________ President Arthur Weiss__________Vice President G. B. Colvin___________Vice President A. L. Moody________________ Cashier Helen N. Harris_______ Asst. Cashier Lois Goss______________ Asst. Cashier  Transit Number 81-159  Directors G. B. Colvin J. E. Stewart Carl Hollis J. C. Thompson F. M. Holt Arthur Weiss J. P. Lambert O. W. Wheless Dr. Rufus Martin  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 580,395.98 Overdrafts ____________ 200.92 U. S. Gov’t obligations_ 1,010,834.36 Other bonds and securities 589,919.52 Furniture and fixtu res_ 1,050.87 Banking h ou se_________ 11 029.17 Cash and due from banks 657,510.89 Other resources________ 3,140.00  T o t a l_________________ $2,854,081.71  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Liabilities Capital stock ___________ $ 75,000.00 Surplus f u n d __________ 65,000.00 Undivided p r o f it s ______ 53,185.72 Reserves ______________ 3,335.00 Demand deposits_______ 1,819,349.40 Time deposits__________ 616,061.43 U. S. Gov’t deposits___ 54,740.72 Public funds __________ 167,003.80 Deposits of b a n k s______ 405.64 Total d e p ._$2,657,560.99 T o t a l______________ i_ .$2,854,081.71  103  Thirty-Fourth Report  WARREN BANK, WARREN Population 2,516. Chartered December 28, 1901.  Bradley County  Telephone Number 88.  Officers Louis Ederington__________ President John T. Ederington— Vice President S. B. Meek, Jr________ Vice President M. C. Singer___ Vice Pres. & Cashier M. S. Thompson_______Asst. Cashier  Transit Number 81-160  Directors L. H. Derby J. R. Gannaway F. Martin Hankins J. T. Ederington Louis Ederington S. B. Meek, Jr. L. W. Ederington M. C. Singer J. B. Frazer  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts------!j 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 ________ Total  729,122.48 45.60 990,839.00 269,306.30 2,441.58 16,726.00 1.00 838,083.51 1,130.62  $2,847,696.09  Liabilities Capital s t o c k __________ $ 75,000.00 Surplus f u n d _________ 85,000.00 Undivided p r o fit s ______ 53,430.36 Reserves _____________ 21,502.01 Demand deposits_______ 1,771,721.67 Time deposits__________ 533,314.31 U. S. Gov’t deposits___ 61,568.29 Public funds _•__________ 246,159.45 Total dep. -$2,612,763.72 Total  $2,847,696.09  BANK OF WEINER, WEINER Population 447. Chartered April 2, 1909.  Poinsett County  Telephone Number 22.  Officers L. Hogue_________________ President R. A. Ziegenhorn______Vice President E. E. Hogue-------------------------Cashier H. E. Winters________ Asst. Cashier Margaret Winters______Asst. Cashier Lena French___________ Asst. Cashier  Transit Number 81-456  E. E. Hogue L. Hogue Marcus Hogue  Directors Mrs. J. B. Huber F. R. Huber R. A. Ziegenhorn  STATEMENT OF JUNE 30, 1948 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  222,402.58 1,162.53 760,900.00 4,682.93 100.00 1,600.00 351,744.53 3,628.09  $1346,220.66  Liabilities Capital s t o c k __________$ 25,000.00 Surplus f u n d ___ _______ 40,000.00 Undivided profits_—___ 13,914.29 Demand deposits _____ 1,166,825.43 Time deposits__________ ' 27,041.66 U. S. Gov’t deposits____ 4,031.25 Public funds __________ 69,408.03 Total dep. .$1,267,306.37 Total  $1,346,220.66  104  State of Arkansas: Bank Department  BANK OF WEST MEMPHIS, WEST MEMPHIS Population 3,369. Chartered April 21, 1928.  Crittenden County  Telephone Number 35.  Officers E. J. White_______________ President Wm. H. Hundhausen—Vice President Taylor Claiborne____________ Cashier Miss Kathleen Yokley_Asst. Cashier  Transit Number 81-695  Directors C. H. Brown Arthur Russell G. M. Coleman E. J. White D. B. Wollard H. R. Dabbs Wm. H. Hundhausen Cecil Oliver Harvey E. Thompson  STATEMENT OF JUNE 30, 1948 Resources Leans and discounts___ $ U. S. Gov't obligations __ Other bonds and securities Furniture and fixtu res_ Cash and due from banks Other resources________  256,979.48 716,700.00 184,921.63 2,000.00 767,286.77 9,202.10  T o ta l________________ $1,937,089.98  Liabilities Capital s t o c k __________ $ 50,000.00 Sui*plus f u n d __________ 42,500.00 Undivided p r o f it s ______ 17,527.86 Demand deposits_______ 1,439,029.78 Time deposits _________ 138,402.48 U. S. Gov’t deposits___ 4,138.78 Public fu n d s ___________ 245,491.08 Total dep. _$1,827,062.12 Total  $1,937,089.98  MERCHANTS AND PLANTERS BANK, WEST MEMPHIS Population 3,369. Chartered August 5, 1941.  Crittenden County  Telephone Number 250.  Officers R. E. Robertson__________•-President H. O. Coats___ Exec. Vice President J. C. McCaa__________ Vice President C. F. Sisco__________________ Cashier Mrs. James Bledsoe____Asst. Cashier Frank Dennington____Asst. Cashier  Transit Number 81-743  Directors H. O. Coats W. L. McKee John A. Cooper Jack W. Rich J. C. Johnson R. E. Robertson J. C. McCaa John M. Smith  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $ 309,711.41 236.60 Overdrafts_____________ U. S. Gov’t obligations_ 999,072.60 Other bonds and securities 181,027.08 Furniture and fixtu res_ 14,061.15 Cash and due from banks 758,758.94  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $2,262,867.78  Liabilities Capital stock ----------------- $ 50,000.00 Surplus fu n d ___________ 50.000.00 Undivided p r o f it s --------47,278.46 Reserves ---------------------1,229.34 Demand deposits_______ 1,759,700.26 Time deposits__________ 204,457.04 U. S. Gov’t deposits___ 29,313.32 Public fu n d s ___________ 120,889.36 Total dep. _$2114,359.98 Total  $2,262,867.78  105  Thirty-Fourth Report  RICE GROWERS BANK, WHEATLEY Population 362. Chartered September 27,1909.  St. Francis County-  Telephone Number 28.  Officers H. K. Smith, Jr__________ President Robert Carvell______Vice President & Cashier Mary Frances Williams-Asst. Cashier STATEMENT 0  Transit Number 81-458  Directors Robert Carvell H. K. Smith, Jr. Mayme Lyon  JUNE 30, 1948  Resources Loans and discounts___ $ 528,469.31 U. S. Gov’t obligations __ 121,861.63 Furniture and fixtu res_ 500.00 Banking h ou se___ _____ 500.00 Cash and due from banks 651,359.70  Liabilities Capital s t o c k --------------- $ 25,000.00 Surplus fund --------------25,000.00 Undivided p r o f it s ______ 32,445.54 Demand deposits_______ 1,149,331.97 Time deposits__________ 33,638.02 37275.11 Public fu n d s ___________ Total dep. $1,220,245.10  T o ta l________________ $1,302,690.64  T o ta l________________ $1,302,690.64  WILMOT STATE BANK, WILMOT Population 625. Chartered October 25, 1937.  Ashley County  Telephone Number 23.  Officers W. N. Wilhite__________ _-President M. C. Crandall________Vice President H. L. Cowling----------------------- Cashier  Transit Number 81-738  Directors M. C. Crandall J. B. Shackelford Wm. B. deYampert G. B. Stovall E. H. Dunning W. N. Wilhite  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts______$113,651.01 U. S. Gov’t obligations_ 118,500.00 Furniture and fixtures __ 675.00 Cash and due from banks 469,277.59  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $702,103.60  Liabilities Capital s to ck ____________ $ 25,000.00 Surplus fu n d ____________ 15,000.00 Undivided p r o fits ________ 15,527.80 Demand deposits ________ 587,670.85 Public funds ____________ 58,904.95 Total deposits -$646,575.80 Total  $702,103.60  106  State of Arkansas: Bank Department  BANK OF WILSON, WILSON Population 1,500. Chartered October 3, 1008.  Mississippi County  Telephone Number 15.  Officers J. H. Crain______Chairman of Board Benton Garrett___________ President C. J. Lowrance, Jr._.__ Vice President J. B. Gwyn_________________ Cashier Marie Wilson_________ Asst. Cashier Ruth Childs___________ Asst. Cashier  Transit Number 81-462  Directors J. E. Crain S. A. Regenold J. H. Crain R. H. Robinson Benton Garrett R. E. L. Wilson, Jr. C. J. Lowrance, Jr.  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts___ $1,223,079.23 Overdrafts_____________ 221.45 U. S. Gov’t obligations _ . 178,043.50 Other bonds and securities 112,982.85 Furniture and fixtures __ 3,734.08 Cash and due from banks 652,385.40 Other resources________ 331.54  Liabilities _ $ 50,000.00 Capital stock 250,000.00 Surplus fund _ _ ^ _ 30,398.07 Undivided profits 7,784.39 Reserves ----_ 1,238,771.40 Demand deposits _ 179,409.35 Time deposits — — _ 3,519.20 U. S. Gov’t deposits __ 410,689.54 Public funds — _ __ Total dep. _$1,832,389..49 Other liabilities  T o ta l________________ $2,170,778.05  Total  •209.10 $2,170,778.05  CROSS COUNTY BANK, WYNNE Population 3,633. Chartered June 5, 1891.  Telephone Number 46.  Officers Dave Block________________ President H. K. Barwick, Jr____ Vice President J. W. Lipscomb______________ Cashier Wallace Eldridge______Asst. Cashier STATEMENT 0 Resources Loans and discounts______$719,408.25 Overdrafts ______________ 10.54 U. S. Gov’t obligations__ 542,200.00 Other bonds and securities 215,775.00 Furniture and fixtures — 3,000.00 Banking house __________ 3,000.00 Cash and due from banks _ 466,299.40 Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Cross County  .$1,949,693.19  Transit Number 81-151  H. K. Barwick, Jr. J. C. Hilliard Dave Block J. W. Lipscomb David Drexler W. W. Shaver, Jr. D. M. Hamrick H. Steinberg JUNE 30, 1948 Liabilities Capital s t o c k __________ $ 30,000.00 Surplus f u n d ___________ 100,000.00 Undivided p r o f it s ______ 38,847.46 Demand deposits_______ 1,505,058.36 Time d eposits__________ 63,352.56 U. S. Gov’t deposits_____ 9,033.63 Public funds __________ 203 401.18 Total dep. __$1,780,845.73 Total  $li949,693.19  107  Thirty-Fourth Report  THE BANK OF YELLVILLE, YELLVILLE Population 546. Chartered December 13, 1945.  Marion County  Telephone Number 50.  Officers H. A. Burnes______________ President Lon W. B e rry _______ Vice President Park Gaines__________Vice President Bernice Berry,__Vice Pres. & Cashier  Transit Number 81-753  Directors Bernice Berry W. M. Keeter Lon W. Berry B. R. Riggs H. A. Burnes Wynona Willingham Park Gaines  STATEMENT OF JUNE 30, 1948 Resources Loans and discounts_____$251,594.08 U. S. Gov’t obligations__ 267,000.00 Other bonds and securities 36,224.2:7 Furniture and fixtures__ 1,000.00 Cash and due from banks _ 229,050,90  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $784,869.25  Liabilities Capital s to ck ____________ $ 25,000.00 Surplus fu n d ____________ 5,000.00 Undivided p r o fits ________ 18,642.60 Demand d ep osits________ 624,862.03 Public funds ____________ 111,364.62 Total deposits $736,226.65 Total  $784,869.25   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  REPORT OF BUILDING AND LOAN DIVISION   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  AND SECURITIES DIVISION  110  State of Arkansas: Bank Department  BUILDING AND LOAN DIVISION December 31, 1947  Statement of eight active state chartered Building and Loan Associations, compiled from annual reports rendered the Arkansas State Bank Department as of December 31, 1947. List of four voluntary liquidating Building and Loan Associa­ tions as of December 31, 1947.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Thirty-Fourth Report  111  COMBINED STATEMENT OF THE EIGHT ACTIVE STATE CHARTERED BUILDING AND LOAN ASSOCIATIONS AS OF DECEMBER 31, 1947 Cash on hand and in b an k s___________________________________ $ 246,209.61 Real Estate Loans DR _______________________________________ 5,469,972.15 Share Loans __________________________________________________ 31,228.24 Contracts of s a le ______________________________________________ 46,069.77 United States B on ds__________________________________________ 634,928.00 Other Securities ___________________________________________ 33,100.00 Furniture and F ixtu res_______________________________________ 2,870.77 Other Bonds and Securities___________________________________ 20,501.00 Real Estate O w ned___________________________________________ 1,863.00 Other Real EstateL oa n s_______________________________________ 52,058.22 Other Loans _________________________________________________ 8,505.36 Bills Receivable ______________________________________________ 5,054.10 Advances to Borrowers ______________________________________ 127.04 Real Estate — Office Building_________________________________ 8,965.00 Loans on other securities_____________________________________ 2,857.49 Other Assets _______________________________________________ _ 6,603.84 Total Assets ______________________________________________ $6,570,913.59 Liabilities Advances from Federal Home Loan B an k ______________________ $ 455,410.00 Loans in P rocess______________________________________________ 22,021.17 Miscellaneous Accounts P a ya ble_______________________________ 4,489.30 - Installment Shares ____________________________________________ 201,937.08 Full Paid Shares -------------------------------------------------------------------- 3,656,528.25 Prepaid S h ares________________________________________________ 78,032.34 Mortgage Pledged S h ares_____________________________________ 14,164.59 Permanent Stock fully paid ________________________________ 52,500.00 ^ Optional Payment Shares andP r o fits ___________________________ 982,579.32 Accrued Dividends ___________________________________________ 17,629.25 Notes Payable ------------------------------------------------------------------------- 196,539.01 Unfinished Loans _____________________________________________ 26,000.00 Advance Payments for Taxesand Insurance____________________ 34,094.53 Other Liabilities ______________________________________________ 27,253.51 Undivided Profits ____________________________________________ 260,148.02 Reserves _ ____________________________________________________ 541,587.22 Total Liabilities-----------------------------------------------------------------$6,570,913.59   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  112  State of Arkansas: Bank Department  FAYETTEVILLE BUILDING AND LOAN ASSOCIATION FAYETTEVILLE, ARKANSAS December 31, 1947 Officers A. C. Ucker_______________ President W. P. McNair, Jr. Exec. Vice President David McNair__ Secretary-Treasurer H. L. Pearson______________ Attorney  l^ i t a p I b t q  H. E. Cravens Harrison Hale David McNair W. G. Smith  Assets  W. P. McNair H. L. Pearson A. C. Ucker  Liabilities  Cash on hand and in banks $ 59,757.69 Real estate loans, D R ___ 820,862.15 Other real estate lo a n s __ 31,908.22 Share lo a n s -------------------2,475.00 Contracts of s a le -----------6,273.43 United States bonds--------- 170,000.00 Other bonds and securities 10,400.00 Furniture and fix tu res__ ^ 1.00 Other assets ____________ * 1.00  Advances from F H L B __ $ Notes p ayable__________ Installment sh ares______ Full paid sh ares________ Optional payment shares and profits __________ Undivided profits ______ Reserves - _____________  120,625.00 40,000.00 40,326.55 571,200.00 183,520.34 22,006.60 124 000.00  $1,101,678.49  $1,101,678.49  FORREST CITY SAVINGS AND LOAN ASSOCIATION FORREST CITY, ARKANSAS December 31, 1947 Officers Ed Ash___________________ President C. W. Norton______________ Secretary  Directors Ed Ash A. L. Harris John C. Bowen W. E. Stevens W. W. Campbell Gazzola Vaccaro Liabilities  Assets  Cash on hand and in banks $ 9,270.01 Advances from F H L B ____$ 3,000.00 Real estate loans, D R ____ 182,983.05 Unfinished loans ________ 26,000.00 Other liabilities _________ 380.41 United States b o n d s ----------------------- 13,000.00 Other securities __________ 3,000.00 Installment shares ______ 46,254.50 Furniture and fix tu re s __ 1.00 Full paid sh ares_____ 101,300.00 Undivided p r o fits ____ 21,319.15 Reserves ________________ 10,000.00   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $208,254.06  $208,254.06  113  Thirty-Fourth Report  UNITED BUILDING AND LOAN ASSOCIATION FORT SMITH, ARKANSAS December 31, 1947 Officers F. W. Dyke_______________ President R. A. Young_________ Vice President Martin T. Dyke______ Vice President Nathaniel Dyke, Jr------------- Secretary A. R. N o e ________________ Treasurer Brady Pryor_______________ Attorney Assets Cash on hand and in banks ____________ $ 132 845.48 Real estate loans, DR, __ 2,485,799.93 Share loan s____________ 9,650.00 United States b on d s___ 309,228.00 17,000.00 Other securities________ Furniture and fixtures __ 1,867,77 Other a ssets_____ _____ 4,205.91  Directors W. V. Boatright H. L. Jett R. B. Cutting C. Laughlin, Jr. C. C. Davis Brady Pryor F. W. Dyke R. J. Ross Allen Henderson R. A. Young Liabilities  Advances from F H L B _$ 200,000.00 3,964.56 Loans in process_______ Other liabilities _______ 361.32 Advance payments for taxes and ins________ 34,094.53 Installment s h a re s____ 55,720.92 Full paid shares________ 1,879,950.00 Optional payment shares and p r o fit s __________ 682,651.21 Undivided profits ______ 35,016.31 Reserves ____________ 68,838.24 $2,960,597.09  $2,960,597.09  JONESBORO BUILDING AND LOAN ASSOCIATION JONESBORO, A R K A N SA S December 31, 1947 Officers  E. L. Westbrook, Sr----------- President E. L. Westbrook, Jr._Vice President J. .R Gregson_____________ Secretary W. H. Jinks_____ _______ Bookkeeper Jettie Burk______________ Bookkeeper  Directors  F. J. Gregson J. H .Little, Jr. J. R. Gregson E. L. Westbrook, Sr. J. B. Hinson Edward Westbrook, Jr.  Assets  Liabilities  Cash on hand and in banks $ 7,319.11 Real estate loans D R ___ 284,796.51 Contracts of s a le ________ 8,457.05 Real estate—office building 7,500.00 Furniture and fixtures __ 1.00  Notes payable___________ $152,539.01 Accrued dividends on inst. shares __________ 14,330.63 Other liabilities ________ 10,704.93 Installment shares_____ 18,050.00 Full paid shares________ 75,337.50 Contingent reserve______ 30,000.00 Undivided profits ______ 7,111.60  $308,073.67  $308,073.67   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  114  State of Arkansas: Bank Department  CITIZENS BUILDING AND LOAN ASSOCIATION JONESBORO, ARKANSAS December 31, 1947 Officers William R. Stuck__________ President Chas. A. Stuck-------------------Secretary  Directors William R. Stuck Chas. A. Stuck Martha G. Stuck Florence Stuck  Assets  Liabilities  Cash on hand and in bank_$ 436.96 Real estate loans DR--------- 1,020.45 Other lo a n s ______________ 8,505.36 Bills receivable----------------- 5,054.10 Contracts of s a le __________ 16,815.06 Other securities __________ 2,000.00 Real estate ow n ed ________ 1,850.00  Notes p ayable____________ $ 4,000.00 Other liabilities __________ 3,591.76 Full paid shares __________ 12,175.00 Undivided p r o fits _________ 6,732.17 R eserves_________________ 9,183.00  $35,681.93  $35,681.93  PEOPLES BUILDING AND LOAN ASSOCIATION LITTLE ROCK, ARKANSAS December 31, 1947 Officers  T ) i r p p f n i ’ sj  w. W. Finch_____________ President  and Secretary Claibourne W. Conway Vice President Carl Hollis --------------- Vice President and Chairman of Board W. C. Thomas____________Treasurer and Asst. Secretary Pearl Hinkle_______ Asst. Secretary  Robert C. Bird Carl Hollis W. W. Finch W. C. Thomas Claibourne W. Conway  Assets  Liabilities  Cash on hand and in bank $ 16,864.00 Real estate loans DR __ 940,300.83 Share lo a n s -----------------7,507.92 Contracts of s a le ---------9,375.42 55,500.00 United States B onds----Other securities-----------8,200.00 Furniture and fixtures __ 1,000.00  Advances from F H L B _$ 75,000.00 Loans in p rocess_______ 16,246.30 Miscellaneous accts. pay­ able ------------------------4,489.30 Other liabilities________ 35.18 Installment shares______ 321863.73 Full paid s h a re s_______ 668,600.00 Prepaid shares ________ 78,032.34 Undivided p r o fit s ______ 48,549.76 Reserves ---------------------- 114,931.56  $1,038,748.17  $1,038,748.17   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  115  Thirty-Fourth Report  ARGENTA BUILDING AND LOAN ASSOCIATION NORTH LITTLE ROCK, ARKANSAS December 31, 1947 Officers Lee Miles_________________ President Joe W. Pugh__________Vice President and Treasurer Solon Humphreys__________ Secretary Berah Eason________________ Cashier M. L. Spradling__________ Bookkeeper and Stenographer  Directors Mrs. Lucy P. HumphreysLee Miles Solon Humphreys Joe W. Pugh  Assets  Liabilities  Cash on hand and in banks $ 13,167.14 Real estate loans D R ___ 442,237.97 Share lo a n s _________ 2,812.28 Contracts of sale _______ 1,972.19 United States b on d s____ 82,400.00 Other bonds and securities 10,101.00 Real estate owned________ 3.00  Advances from F H L B ___ $ 30,000.00 Loans in p ro ce ss ________ 1,810.31 Other liabilities____ ____ 7.284.59 Full paid shares_________ 161,650.00 Optional payment shares and p ro fits ____________ 115,832.52 Undivided p ro fits ________ 72,149.82 R eserves________________ 163,966.34  $552,693.58  $552,693.58  WARREN BUILDING AND LOAN ASSOCIATION WARREN, ARKANSAS December 31, 1947 Officers  Directors  J. R. Gannaway___________ President Louis Ederington______Vice President B. R. Wardlaw___ Sec’y & Treasurer B. B a ll____________________ Attorney  B. Ball Louis Ederington J. B. Frazer  J. R. Gannaway Bryon L. Herring N. R. Herring  Assets  Liabilities  Cash on hand and in bank $ 6,549.22 Real estate loans D R ----- 311,971.26 Other real estate loans __ 20,150.00 Share lo a n s -------------------8,783.04 Leans and other securities 2,857.49 Contracts of s a le -----------3,176.62 Advances to borrowers___ 127.04 United States bonds _____ 4,800.00 Other securities__________ 2,900.00 Real estate--------------------10.00 Real estate—office building 1,465.00 Other assets ____________ 2,396.93  Advances from F H L B ___ $ 26,785.00 Other liabilities ________ 4,895.32 14,164.59 Mtge. pledged sh ares___ Permanent stock fully paid 52,500.00 Installment shares ______ 8,721.38 Full paid shares__________ 186,315.75 Optional pmt. shares and p r o fits ________________ 575.25 Accrued dividends________ 3,298.62 Undivided p r o fits ________ 47,262.61 R eserves________________ 20,668.08  $365,186.60  $365,186.60   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  116  State of Arkansas: Bank Department  LIST OF FOUR VOLUNTARILY LIQUIDATING STATE CHAR­ TERED BUILDING AND LOAN ASSOCIATIONS IN ARKANSAS AS OF DECEMBER 31, 1947 Leader Building and Loan A ssociation__________________ Little Rock Prudential Building and Loan Association_____________ Little Rock Equitable Building and Loan Association______________Little Rock Young Men’s Building and Loan Association____________Little Rock   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  SECURITIES DIVISION June 30, 1948  *  * *  *  118  State of Arkansas: Bank Department  COMBINED STATEMENT OF RESOURCES AND LIABILITIES OF SIX INDUSTRIAL LOAN INSTITUTIONS OPERATING UNDER ACT 111 OF 1941 JUNE 30, 1948 Assets Cash on hand and in b a n k s___________________________ $ 118,128.79 Loans ________________________________________________ 1,182,994.87 Accounts receivable______________________________ ,------5,984.96 Bonds and securities _________________________________ 65,063.66 Furniture and fixtures ________________________________ 4,700.99 ____________________________________ 14,097.92 Other assets TOTAL ASSETS_____________________________ $1,390,971.19 Liabilities Investment certificates ----------------------------------------------- $ Notes payable _________________________________________ Miscellaneous accountspayable _________________________ Thrift savings certificates ____________________________ Debentures ____________________________________________ Other liabilities ______________________________________ Reserves _ ____________________________________________ Common stock ________________________________________ Preferred s t o c k ________________________________________ Surplus _ _____________________________________________ Undivided profits _____________________________________ Unearned Interest ____________________________________ TOTAL LIABILITIES   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  19,030.11 355,000.00 134,876.71 109,108.65 81,200.00 8,967.74 36 130.44 340,000.00 62,975.00 204,030.20 21,006.20 18,646.14  $1,390,971.19  119  Thirty-Fourth Report  COMMERCIAL CREDIT PLAN, INC. FORT SMITH, ARKANSAS June 30, 1948 Officers _____ President _____ Secretary ____ Treasurer  W. B. W ylie._ W. R. Mules. _ S. M. Chesney. Assets  Liabilities  Cash on hand and in banks $ 16,479.49 Loans _ _______________ 100,090.64 Accounts receivable______ 135.82  Miscellaneous accounts payable________________$ 514.84 Unearned interest________ 7,050.21 Common stock __________ 100,000.00 Surplus _ ______________ 7,904.14 Reserves _ 1,236.76  $116,705.95  $116,705.95  COMMERCIAL CREDIT PLAN, INC. LITTLE ROCK, ARKANSAS June 30, 1948 Officers _____ President _____ Secretary . . . _Treasurer  W. B. Wylie— W. R. Mules. _ S. M. Chesney.  Liabilities  Assets Cash on hand and in banks  Loans _ -----------------------Aeocunts receivable_____ Other securities ________  8,894.57 163,483.85 355.89 53,399.00  Miscellaneous accounts  payable _ ------------------ $132,140.61 Unearned in te re st________ 11,595.93 Common stock ___________ 50,000.00 Surplus __________________ 25,533.21 Reserves _______________ 6,863.56  $226,133.31  $226,133.31  FRIENDLY FINANCE COMPANY FAYETTEVILLE, ARKANSAS June 30, 1948 Officers Harvey L. Joyce----------------------------John H. Joyce-------------------------------Helen M. Joyce-------------------------------  ____ President Vice-President ____ Secretary  Assets  Liabilities  Cash on hand and in banks $ 875.64 Loans _ ___________________ 4650.00 Accounts receivable_______ 5,493.25 Other assets _____________ 30.02  Miscellaneous accounts payable _ ____________ $ 399.38 Common stock ___________ 10,000.00 Surplus __________________ 470.46 Reserve for bad d e b ts ___ 179.07  $11,048.91  $11,048.91   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  120  State of Arkansas: Bank Department  MORGAN PLAN COMPANY TEXARKANA, ARKANSAS June 30, 1948 Officers J. R. Gunter____________________________________ President F. E. Wilson_______________________________ Vice-President S. H. Atkinson_________________________ Secretary-Treasurer Assets  Liabilities  Cash on hand and in banks $ 17,174.18 Loans _ ________________ 97,086.17 United State B on ds______ 11,664.66 414.44 Furniture and fixtures___  298.54 Other Liabilities ________$ Cert, of investment______ 3,780.11 Common stock __________ 50,000.00 Surplus . _______________ 72,260.80  $126,339.45  $126,339.45  NATIONAL CREDIT CORPORATION PINE BLUFF, ARKANSAS June 30, 1948 Officers N. J. Gantt, Jr___________________ V. D. Webb_______________________ C. A. Davies______________________ C. S. McNew, Jr__________________  -------- President -Vice-President _____ Secretary ______ Tresurer  Assets  Liabilities  Cash on hand and in banks $ 5,368.43 Loans _ ________________ 249,095.80 Furniture and fixtures____ 1,790.62  Notes payable __________ $ 80,000.00 Miscellaneous accounts payable _ ____________ 906.82 Other liabilities _________ 380.70 Cert, of investment______ 15,250.00 Common stock __________ 100,000.00 Surplus _________________ 27,500.00 Reserve for bad debts___ 4,084.92 Reserves ________________ 7,126.21 Undivided p r o fits ________ 21,006.20  $256,254.85  $256,254.85   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Thirty-Fourth Report  121  PEOPLES LOAN & INVESTMENT COMPANY FORT SMITH, ARKANSAS June 30, 1948 Officers R. A. Young, Sr---------------------------------------------------President W. A. Needham_____________________________Vice-President R. C. Helvie------------------------------------------------------- Secretary Mary C. Sims---------------------------------------------------- Treasurer Assets  Liabilities  Cash on hand and inbanks $ 69,336.48 Loans _ _______________ 568,588.41 Furniture and fixtures_____ 2,495.93 Other assets ____________ 14,067.90  Notes payable--------------- $ 275,000.00 Miscellaneous accounts p aya b le______________ 915.06 Other liabilities ________ 8,288.50 Thrift certificates______ 109,108.65 81,200.00 Debentures _ __________ Common sto ck __________ 30,000.00 Preferred s to ck _________ 62,975.00 70,361.59 Surplus -----------------------Reserves ____________ 16,639.92  $654,488.72  $654,488.72   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  State of Arkansas: Bank Department  122  COMBINED STATEMENT OF ASSETS AND LIABILITIES OF TWENTY-THREE INDUSTRIAL LOAN INSTITUTIONS OPERATING UNDER ACT 135 OF 1937 June 39, 1948 Assets Cash on hand and in banks_____________________________ $ 215,099.59 L oa n s_________________________________________________ 3,095,731.29 Furniture, fixtures andequipment_____________________ 42,567.30 Bills receivable_______________________________________ 69,950.50 Real estate — office building___________________________ 74,046.03 Other securities ______________________________________ 1,000.00 Earned surplus_______________________________________ 775.45 Other assets __________________________________________ 21,859.33 TOTAL ASSETS_________________________________ $3,521,029.49 Liabilities  Notes p ayable_________________________________________$1,596,687.37 Common s t o c k _______________________________________ 2596,400.00 Miscellaneous accounts p aya b le-----------------------------------100,920.34 Bank overdraft_______________________________________ 249.27 Investment certificates _______________________________ 13,150.00 195,640.51 Unearned interest ____________________________________ Reserve for bad d eb ts_________________________ 76,083.46 Mortgage loan s-----------------------------------------------------------11,980.00 Net worth ____________________________________________ 34,316.54 Accrued ta x e s _________________________________________ 736.03 Debentures ____________________________ 30,000.00 Installment savings certificates _______________________ 161,094.44 . Branch capital _______________________________________ 317 995.63 Preferred s to ck _______________________________________ 19,693.66 71,333.82 Reserves ______________________________________________ Other liabilities_______________________________________ 92,445.56 Surplus_______________________________________________ 146,068.87 Undivided p r o fits _____________________________________ 56,233.99 TOTAL LIABILITIES.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $3,521,029.49  123  Thirty-Fourth Report  ARKANSAS ACCEPTANCE CORPORATION HARRISON, ARKANSAS June 30, 1948 Officers Verl Hudspeth____________ President and General Manager Rabie Rhodes______________________________ Vice-President L. A. Watkins---------------------------------------------Vice-President Roy L. Baker, Jr--------------------------------------------------- Secretary J. M. Bullock__________________________________ Treasurer Assets  Liabilities  Cash on hand and in banks $ 1,811.37 Loans 376,204.97 Furniture and fixtures and equipment 3,638.29 Other assets 251.39  $232,500.00 Notes payable Miscellaneous accounts 267.40 payable 736.03 Accrued taxes 33,840.63 Unearned interest Common stock 60,000.00 30,000.00 Debentures Surplus ____ 2,121.78 Reserves _ 15,160.23 ____ 7,279.95 Undivided profits  $381,906.02  $381,906.02  ARKANSAS INVESTMENT COMPANY HOT SPRINGS, ARKANSAS June 30, 1948  Officers E. E. Steigler___________________________________ President Mrs. E. L. Howlett_________________________ Vice-President J. Fillmore Meadows__________________ Secretary-Treasurer and General Manager Assets  Liabilities  Cash on hand and in bank $ 851.72 Loans _ _________________ 45,406.95 Furniture and fixtures_____ 256.20  Notes payable____________ $ 6,000.00 Miscellaneous accounts payable _ _____________ 253.99 Unearned in te re st________ 1,194.64 Common sto ck ____________ 35,000.00 Reserves _ ______________ 1531.48 Undivided p r o fits __________ 2,534.76   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $46,514.87  $46,514.87  124  State of Arkansas: Bank Department  ATLAS FINANCE COMPANY, INC. ARKADELPHIA, ARKANSAS June 30, 1948 Officers J. B. Hardman__________________ E. E. Lee ______________________ C. R. Huie____ _________________ N. R. W elch.___________________  _____ President Vice President _____ Secretary _____Treasurer  Assets  Liabilities  Cash on hand and in bank__$ 1,721.06 Loans ------------------------------ 62,748.89 Furniture and fix tu res___ 486.83  Notes p ayable-------------------$23,000.00 Miscellaneous accounts pay­ 770.63 able ___________________ Unearned in te re st________ 6,274.88 Common s to ck ____________ 25,000.00 R eserves_________________ 2,717.64 Undivided p r o fits _________ 7,193.63  $64,956.78  $64,956.78  ATLAS FINANCE COMPANY LITTLE ROCK, ARKANSAS June 30, 1948 Officers Julia Snow Harris_______________________________ President Thelma Ellis________________________________ Vice President S. M. Harris_____________________ Secretary and Treasurer Assets  Liabilities  Cash on hand and in bank_$ 1,020.09 Loans __________________ 167,250.68 Furniture and fixtures__ 87.48 Other a s s e ts -----------------15.00   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $168,373.25  Installment savings certif­ icates _________________ $ Notes payable __________ Miscellaneous a c c o u n t s p a y a b le----------------------Unearned in tesest_______ Other lia bilities_________ Common sto ck ___________ Surplus -------------------------  63,569.69 50,450.00 11,376.01 11,870.54 3,722.28 22,950.00 4,434.73  $168,373.25  125  Thirty-Fourth Report  CENTRAL LOAN AND INVESTMENT COMPANY LITTLE "ROCK, ARKANSAS June 30, 1948 Officers F. W. Duttlinger___________________ Geo. W. Massery___________________ Merle M. Adkins___________________ A. C. Gannaway____________________  __________ President _____ Vice-President _____ Vice-President Secretary-Treasurer  Assets  Liabilities  Cash on hand and in banks $ 3,537.47 Loans ---------------------------- 170,620.00 Bills receivable__________ 803.95 Furniture and fixtures __ 517.44 3,911.34 Other assets ____________  Installment savings certif$ icates _ .. _ Notes payable _ Miscellaneous a c c o u n t S payable Common stock _ _ Reserve for bad d e b ts__ _ Reserves Undivided profits  $179,390.20  54,482.60 59,000.00 12,763.93 43,550.00 1.317.56 852.94 7,423.17  $179,390.20  CONSOLIDATED STATEMENT OF GENERAL CONTRACT PURCHASES CORPORATION BLYTHEVILLE, ARKANSAS JONESBORO, ARKANSAS LITTLE ROCK, ARKANSAS June 30, 1948 Officers A. A. Blumeyer_________________________________ President W. E. Burtelow______________________ Exec. Vice-President P. W. Herzog_________________________ Vice-President and Secretary W. G. Schuburg____________________________ Vice-President Liabilities Assets Cash on hand and in banks $ 81,711.14 Notes payable___________ $485,719.17 Loans __________________ 583,239.73 Miscellaneous a c c o u n t s p aya b le______________ 5,097.54 Furniture and fixtures __ 15,687.26 Other assets -----------------1,149.98 Common stock __________ 50,000.00 Surplus _________________ 10,828.76 Reserve for bad d e b ts___ 8,832.57 Reserves ------------------------ 16,440.00 Unearned in terest_______ 50,004.21 Other liabilities _________ 54865.86   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $681,788.11  $681,788.11  126  State of Arkansas: Bank Department  HELENA INDUSTRIAL LOAN CORP. HELENA, ARKANSAS June 30, 1948 Officers W. W. M o o r e ----------------------------------------------------- President William T. Greer---------------------------------- Vice-President and General Manager S. H. Hurst--------------------------------------- Secretary-Treasurer Assets Cash on hand and in banks $ 6,675.90 Loans _____________________79,116.42 Furniture and fix tu res____ 1.00 Other a s s e ts _____________ 15.00  Liabilities  Installment savings certifi­ cates ___________________$32,371.05 Notes payable_____________ 31,710.00 Other liabilities __________ 115.10 Common stock ___________ 18,800.00 Su rplus---------------------------- 2,812.17  $85,808.32  $85,808.32  HOME FINANCE COMPANY, INC. EL DORADO, ARKANSAS June 30, 1948 Officers G. M. McDavid___________________________________ President Julius Miller_____________________________________ Secretary Assets  Cash on hand and in banks $ 8,876.95 Loans __________________ 845,250.29 Other securities ________ 1, 000.00 Real estate—office building 30,000.00 6 695.97 Furniture and fixtures __ 55.00 Other assets ____________   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $891,878.21  Liabilities Notes payable___________ $537,500.00 Miscellaneous accounts 7,093.03 p a y a b le_______________ Unearned in te re st_______ 86,020.79 Other lia bilities_________ 11,290.43 Loans-Mtg. _____________ 10,000.00 Common stock __________ 105,000.00 Su rplus_________________ 45,167.54 Reserve for bad debts __ 57,593.13 R eserves________________ 32,213.29 $891,878.21  127  Thirty-Fourth Report  HOME FINANCE SYSTEM, INC. HELENA, ARKANSAS June 30, 1948 Officers ________President ________Secretary General Manager  A. M. Coates--------Christine H. Coates. John R. Coates------A.ss©ts Cash on hand and inbank__$ 1,112.60 Loans .___________________ 56,771.41 Furniture and fix tu res----- 1,111.88 Other assets -------------------80.00  Liabilities Notes payable ___________ $15,000.00 Other liabilities __________ 197.41 Common stock ___________ 25,000.00 Surplus__________________ 18,878.48  $59,075.89  $59,075.89  INDUSTRIAL THRIFT ANI) LOAN ASSOCIATION CAMDEN, ARKANSAS June 30, 1948 Officers L. M. Stern__ J. E. Gaughan. C. D. Sanders  ____ President Vice-President ____ Secretary  Assets Cash on hand and in banks $ 1,247.47 Loans ___________________ 33,835.13 Furniture and fix tu re s___ 333.27  Liabilities Notes payable____________ $ 5,000.00 Other liabilities __________ 67.20 Common sto ck ____________ 25,000.00 Undivided profits ________ 5,348.67  $35,415.87  $35,415.87  KLINDWORTH INSURANCE AGENCY WEST MEMPHIS, ARKANSAS (BRANCH OFFICE— EARLE, ARKANSAS) June 30, 1948 Officers Martin E. Klindworth----------------------------------------- President Nadyne L. Klindworth----------------------------------------Secretary Assets Liabilities Cash on hand and in bank $ 3,500.49 Miscellaneous accounts Loans ------------------------------ 10,807.18 payable ------------------------ $ 6,073.18 Real estate—office building 7,045.83 Notes-mortgage --------------- 1,980 00 Furniture and fix tu res----- 3,182.50 Net worth ------------------------ 20,851.42 Other assets ---------------------- 4,368.60   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $28,904.60  $28,904.60  128  State of Arkansas: Bank Department  LEDGERWOOD LOAN AND INVESTMENT COMPANY HOT SPRINGS, ARKANSAS June 30, 1948 Officers Cecil H. Ledgerwood_______  _________________Sole Owner  Assets Cash on hand and in bank__$ 4,047.45 Loans ----------------------------- 36,318.04  Liabilities Installment savings certif­ icates _________________ $10,671.10 Common s to ck ____________ 20,000.00 774.48 Surplus__________________ Undividedprofits __________ 8,919.91  $40,365.49  $40,365.49  LIBERTY LOAN AND REALTY COMPANY LITTLE ROCK, ARKANSAS June 30, 1948 Officers J. W. Strawn______________ J. W. Strawn, Jr-----------------Mrs. J. W. Strawn__________ .Assets  Cash on hand and in bank. $12,937.02 L oans____________________ 48,660.07 Furniture and fix tu re s----- 1,404.12  _____ President .Vice-President -------- Secretary Liabilities Notes p ayable____________ $30,250.00 Miscellaneous accounts p a y a b le________________ 68.70 Unearned in te re st________ 4,913.12 Other liabilities __________ 346.73 Common sto ck ____________ 10,000.00 Surplus__________________ 17,422.66  $63,001.21  $63,001.21  MAGNOLIA LOAN COMPANY, INC. MAGNOLIA, ARKANSAS June 30, 1948 Officers C. R. Burnham---------------------------------------------------- President T. P. Taylor------------------------------------------------ Vice-President Mrs. C. R. Burnham------------------------------ Secretary-Treasurer Assets Cash on hand and in bank—$ 429.63 Leans________________ _____ 7,558.28  Liabilities Other liabilities ___________ $ 20.50 Common stock ____________ 6,000.00 Surplus ___________________ 1,967.41  $7,987.91  $7,987.91   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  129  Thirty-Fourth Report  PEERLESS THRIFT AND LOAN COMPANY MORRILTON, ARKANSAS June 30, 1948 Officers Carroll W. Johnston, Pauline Johnston____________Owners Cash on hand and in banks^S 669.20 Loans____________________ 14,578.00 Other assets ____________ 381.50  Liabilities Notes payable____________ $ 800.00 Other liabilities __________ 1,363.58 Net w orth ________________ 13,465.12  $15,628.70  $15,628.70  PEOPLES LOAN AND INVESTMENT COMPANY JONESBORO, ARKANSAS June 30, 1948 Officers Joe N. Martin___________________________________ President R. H. Moore_________________________________ Vice-President Julian James____________________________________ Secretary Assets Loans_______________ Other assets_________  $14,054.86 269.06  Liabilities Notes payable________ Miscellaneous accounts p aya b le------------------Bank—overdraft______ Common stock ________ R eserves_____________ Undivided profits ____  $14,323.92  7,650.00 288.22 249.27 5,000.00 260.33 876.10 $14,323.92  SPA LOAN COMPANY HOT SPRINGS, ARKANSAS June 30, 1948 Officers John G. Gibbs Mary F. Gibbs Joe M. Lyon __  __________President _____Vice President Secretary-Treasurer  Assets Cash on hand and in banks_$ 154.80 Loans____________________ 10,032.89 Furniture and fix tu re s----198.34 Earned surplus----------------775.45  Notes payable____________ $ 5,000.00 Unearned in te re st________ 978.25 Other liabilities __________ 183.23 Common sto ck ____________ 5,000.00  $11,161.48  $11,161.48   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Liabilities  130  State of Arkansas: Bank Department  UNION INDUSTRIAL LOAN CORPORATION NORTH LITTLE ROCK, ARKANSAS June 30, 1948 Officers Ben Winston ___________________ _______________ President Thos. H. Little___________________________________ Secretary Assets Cash on hand and in banks.? 4,517.99 Loans____________________ 40,083.25 R. E. office building______ 12,925.10 Furniture and fixtures ____ 1.00 Other assets______________ 56.00  Liabilities Notes p ayable____________ $12,633.20 Miscellaneous accounts___ 1,402.98 Other liabilities___________ 1,888.61 Investment certificates______ 13,150.00 Preferred s t o c k __________ 19,693.66 Su rplus__________________ 4,675.59 Reserve for bad d e b ts ___ 4,139.30  $57,583.34  $57,583.34  UNION INVESTMENT COMPANY EL DORADO, ARKANSAS June 30, 1948 Officers Clyde E. Byrd___________________________________ President Grady R. Wooley----------------------------------------- Vice-President Secretary L. F. Brewer________________________________ Assets 8,325.86 Cash on hand and in bankJ Loans ---------------------------- 75,938.30 Bills receivable__________ 44,927.47 3,004.36 Furniture and fixtures___ 5,197.98 Other assets ------------------   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Liabilities . Notes p aya b le-----------------$ Miscellaneous accounts p a y a b le----------------------Unearned interest________ Common s to ck ___________ S u rp lu s_________________  23,000.00 37,390.30 543.45 50,100.00 26,360.22  131  Thirty-Fourth Report  UNITED LOAN AND INVESTMENT COMPANY LITTLE ROCK, ARKANSAS June 30, 1948 Officers R. G. McDaniel__________________________________ President H. A. Emerson------------------------------------------- Vice-President Ruth T. Cottrell------------------------------------•_________Secretary Assets Cash on hand and in banks_$ 8,694.13 Loans __________________ 119,549.49 Bills receivable__________ 14,359.32 Furniture and fixtures___ 1,816.49 Other assets ____________ 4,588.48  Liabilities Notes payable___________ $ 71,475.00 Miscellaneous accounts payable-----------------------4,043.35 Other liabilities__________ 1,488.16 Common s to ck ___________ 65,000.00 Surplus _________________ 3,375.05 Undivided p r o fits ________ 3,626.35  $149,007.91  $149,007.91  CONSOLIDATED REPORT OF UNIVERSAL C. I. T. CREDIT COMPANY June 30, 1948 Batesville, Arkansas _ Blytheville, Arkansas El Dorado, Arkansas _ Fort Smith, Arkansas Hot Springs, Arkansas Jonesboro, Arkansas _ Little Rock, Arkansas Pine Bluff, Arkansas  __ James Burns—Local ._James Roleson— Local __ Tomas Chinn— Local “ Pat” Patterson— Local ____ Ben Russell— Local ____ Don Krick— Local ____ T. B. Ward—Local ___ Albert Price— Local  Mgr. Mgr. Mgr. Mgr. Mgr. Mgr. Mgr. Mgr.  Officers L. W. LundelL G. P. Buckley. J. G. Myerson_ M. Cook______ H. R. Steding  __________ President ____ Vice-President __________ Secretary Assistant Secretary _________ Treasurer  .Assets Cash on hand and in bank__$ 50 201.52 Loans________________ _ 280,060.62 Acc’ts receivable_________ 36.80  Liabilities Miscellaneous accounts p aya b le_______________ $ 8,102.41 Branch capital __________ 317,995.63 Reserve for bad d eb ts___ 4,200.90  $330,298.94  $330,298.94   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  132  State of Arkansas: Bank Department,  UTLEY AND COMPANY, INC. FAYETTEVILLE, ARKANSAS June 30, 1948 Officers H. L. Utley-------------------------President and General Manager Reba K. Utley----------------------------------------------Vice-President J. J. Pyeatt---------- _•------------------------------ Secretary-Treasurer Cash on hand and in bank_$13,055.73 Loans ___________________ 17,645.84 Bills receivable___________ 9,822.96 Real estate—office building- 24,075.10 Furniture and fix tu r e s ___ 4,144.87 Other assets _____________ 1,520.00  Liabilities Miscellaneous accounts p a ya b le________________ $ 5,928.67 Other lia bilities__________ 16,896.47 Common sto ck ____________ 25,000.00 Su rplus__________________ 7,250.00 2,157.91 R eserve_________ Undivided profits _________ 13,031.45  $70,264.50  $70,264.50  Assets  VAN BUREN LOAN BUREAU, INC. VAN BUREN, ARKANSAS June 30, 1948 Officers __________ President _____ Vice-President Secretary-Treasurer  Mary C. Sims— W. A. Needham. R. C. Helvie____   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  (Inactive)  Thirty-Fourth Report  COMBINED STATEMENT OF ASSETS AND LIABILITIES OF EIGHTEEN CREDIT UNIONS OF ARKANSAS AS OF DECEMBER 31, 1947 Assets Loans __________________________________________________ $178,680.37 Cash on hand and in banks ___________________________ 61,262.05 Bonds and securities ___________________________________ 88,722.40 Furniture and fixtures _________________________________ 278.15 Other assets __________________________________________ 9,367.10 TOTAL ASSETS __________________________________ $338,310.07 Liabilities Shares _________________________________________________ $310,771.83 Deposits _________________________________________ 2,947.77 Guaranty fu n d ______________________________________ ^ 14,716.25 Undivided earnings_____________________________________ 7,112.71 Bills payable __________________________________________ 300.00 Other liabilities______________________________________ 2,461.51 TOTAL LIABILITIES _____________________________$338,310.07 Approximately number of members 2594   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  133  134  State of Arkansas: Bank Department  LION OIL SAVINGS AND CREDIT ASSOCIATION EL DORADO, ARKANSAS December 31, 1947 Assets Bonds and securities______$27,580.00 Loans _____________________25,462.48 Furniture and fix tu re s___ 158.52 Suspense a ccou n t___ _____ 1,062.84 Due from banks __________ 29,024.99 Other a s s e ts _________ 7,786.98  Liabilities S h ares____________________$85,572.75 2,452.64 Guaranty f u n d _______ Undivided earnings _______ 2;,060.39 Suspense account__________ 990.03  $91,075.81  $91,075.81  Approximate number of members 458  ARKANSAS WESTERN EMPLOYEE’S CREDIT UNION FAYETTEVILLE, ARKANSAS December 31, 1947 Assets Bonds and securities______$ 4,016.90 Loans ___________________ 9,569.51 Cash on h a n d ____________ 6,493.19  Liabilities Shares____________________$18,890.00 Deposits _________________ 152.71 Guaranty f u n d ___________ 288.95 Undivided earn in gs_______ 563.30 Unearned in te re st________ 184.64  $20,079.60  $20,079.60  Approximate number of members 62  AGRICULTURAL EXTENSION WORKERS CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1947 Assets Loans ____________________ $3,660.44 Cash on hand -------------561.90 Cash item s________________ 14.18  Liabilities Shares_____________________$3,890.00 Deposits __________________ 9.55 Guaranty f u n d ___________ 84.00 Undivided earn in gs________ 252.97  $4,236.52  $4,236.52   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Approximate number of members 115  135  Thirty-Fourth Report  ARKANSAS DEMOCRAT CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1947 Bonds and securities______$ 962.00 Loans ___________________ 10,821.00 Due from b a n k s__________ 2,199.11  Shares_______- - - - - - ______ $13,135.53 Guaranty fund ___________ 820.25 Undivided earnings _______ 26.33  $13,982.11  $13,982.11  Approximate number of members 87  ARKLAGAS CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1947 Assets  Liabilities  Bonds and securities ______$2,300.00 Loans_______________________3,381.46 Cash on hand _____________ 715.81  Shares____________________ $6,061.25 Guaranty f u n d ____________ 131.60 Undivided earnings________ 204.42  $6,397.27  $6,397.27  Approximate number of members 72  DEPARTMENT OF LABOR CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1947 Assets Loans _____________________$3,310.62 Due from banks __________ 243.46 Other a s s e ts ______________ 261.26  Liabilities Shares____________________ $2,700.20 Guaranty f u n d ____________ 323.31 Undivided earnings________ 491.83 Bills payable______________ 300.00  $3,815.34  $3,815.34   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Approximate number of members 94  ENGINEERS CREDIT UNION LITTLE ROCK, ARKANSAS Permit Issued March 1948  136  State of Arkansas: Bank Department  FEDERATION CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1947. Assets Bonds and securities______$ 740.00 Loans ___________________ 19,100.26 Cash on hand and in bank- 2,659.15  Liabilities Shares____________________$18,718.57 1,470.00 Deposits _________________ Guaranty fu n d ____________ 883.02 Undivided earn in gs_______ 232.10 Profit and l o s s ___________ 1,195.72  $22,499.41  $22,499.41  Approximate number of members 138  FRANKE’S CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1947. Assets Liabilities Loans ____________________ $1,182.58 Shares ________________ Due from b a n k s----------------- 868.38 Guaranty f u n d ----------Cash items _______________ 22,22 Undivided earn in gs-----  $1,560,22 328.31 . 184.65 $2,073.18  $2,073.18 Approximate number of members 76  GAZETTE EMPLOYEES CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1947. Assets Bonds and securities_______ $3,200.00 Loans ____________________ 2,906.45 Due from banks ___________ 3,186.99 Cash item s________________ 93.63  Liabilities Shares___________________-_$8,851.46 Guaranty f u n d -----------------393.63 Undivided earn in gs________ 141.98  $9,387.07  i,387.07  Approximate number of members 55  KEMBA LITTLE ROCK CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1947. Assets Bonds and securities______$29,600.00 Loans ___________________ 11,276.50 Due from b a n k s--------------- 8,564.68 Cash on h a n d ____________ 1.75  Liabilities Shares____________________$48,017.30 Guaranty f u n d ----------------- 1,425.42 Undivided earn in gs_______ .21  $49,442.93  $49,442.93   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Approximate number of members 187  137  Thirty-Fourth Report  LITTLE ROCK POSTAL CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1947. Assets Bonds and securities______$ 4 323.00 Loans ___________________ 25,460.02 Due from b an k s__________ 1,628.76 Cash on h a n d ____________ 520.89  Liabilities Shares___________________ $26,910.82 Guaranty f u n d ___________ 3,692.22 Undivided earnings _______ 1,329.63  $31,932.67  $31,932.67  Approximate number of members 224  LITTLE ROCK WATER WORKS CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1947. Assets Loans ____________________ $ 970.50 Due from b an k s___________ 970.30  Liabilities Shares____________________ $ 470.80 Deposits __________________ 1,308.22 Guaranty fund ____________ 91.48 Undivided earnings________ 70.30  $1,940.80  $1,940.80  Approximate number of members 43  STATE CENTRAL CREDIT UNION LITTLE ROCK, ARKANSAS Permit issued July, 1947. VETERANS ADMINISTRATION EMPLOYEES CREDIT UNION LITTLE ROCK, ARKANSAS December 31, 1947. Assets Bonds and securities_____ $ 7,200.00 L oan s____________________ 25,603.53 Furniture and fix tu re s___ 27.51 Cash on h a n d ____________ 907.80  Liabilities Shares __________________ $30,784.64 Deposits _________________ 7.29 Guaranty fund __________ 1,824.83 Undividedearnings________ 1,122.08  $33,738.84  $33,738.84   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Approximate number of members 324  138  State of Arkansas: Bank Department  FEDERATED SHOP CRAFTS CREDIT UNION NORTH LITTLE ROCK, ARKANSAS December 31, 1947. Assets  Bonds and securities______$ 1,100.00 Loans____________________ 11,780.09 Furniture and fix tu re s___ 1.00 Cash on hand and in bank _ 817.47  Liabilities Shares____________________$12,982.29 Guaranty f u n d ___________ 606.41 Undivided earnings ______ 109.86  $13,698.56  $13,698.56  Approximate number of members 240  THE FORT ROOTS CREDIT UNION NORTH LITTLE ROCK, ARKANSAS December 31, 1947. Assets Bonds and securities______$ 6,900.50 Loans____________________ 16,788.05 Due from b an k s__________ 1,058.88 Cash on h a n d ____________ 402.32  Liabilities Shares____________________$24,565.49 314.16 Guaranty f u n d ___________ Undivided earnings _______ 270.10  $25,149.75  $25,149.75  Approximate number of members 239  NORTH LITTLE ROCK MISSOURI PACIFIC CREDIT UNION NORTH LITTLE ROCK, ARKANSAS December 31, 1947. Assets  Bonds and securities______$ 800.00 Loans ____________________ 7,406.88 Furniture and fix t u r e s ---91.12 Due from b an k s___________ 306.14 Guaranty f u n d ____________ 256.02 .05 Cash over and s h o r t _____   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Liabilities Shares_____________________$7,660.51 Guaranty f u n d ----------------- 1,056.02 Undivided earn in gs_______ 52.56 Furniture andfix t u r e s ____ 91.12  $8,860.21 Approximate number of members 180  $8,860.21  Thirty-Fourth Report  139  QUALIFIED STOCK EXCHANGES Securities listed on the following Stock Exchanges may be exempt and such securities so listed may be sold within the State of Arkansas by an ap­ plicant 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  Chicago Board of Trade Chicago Stock Exchange New York Curb Exchange New York Produce Exchange New York Stock Exchange  140  State of Arkansas: Bank Department  DEALERS AUTHORIZED TO SELL QUALIFIED OR EXEMPT SECURITIES IN ARKANSAS AS OF JUNE 30, 1948 Walter R. Bass Company------------------------------------------ Little Rock, Arkansas Charles W. Brandon, Individual______________________ El Dorado, Arkansas Lewis W. Cherry Company___________________________Little Rock, Arkansas Equipment Finance Corporation______________________Chicago, Illinois Hill, Crawford & Lanford, Inc________________________ Little Rock, Arkansas Investors Syndicate_________________________________ Minneapolis, Minnesota Roy M. Kemp, Investments_________________________ Little Rock, Arkansas Merrill Lynch, Pierce, Fenner & Beane_______________ New York, New York Charles L. Moruzzi__________________________________Dallas, Texas R. B. Nunnery & Company_________________________ Little Rock, Arkansas T.  J. Raney & Sons________________________________ Little Rock, Arkansas  Salomon Brothers & Hutzler__________________________New York, New York Southern Securities Corporation_____________________ Little Rock, Arkansas W. R. Stephens, Investments_______________________ Little Rock, Arkansas Dabbs Sullivan Company___________________________ Little Rock, Arkansas E. L. Villareal & Company___________________________ Little Rock, Arkansas J. R. Vinson & Company, Investments________________ Little Rock, Arkansas Walton & Company, Inc_____________________________ Little Rock, Arkansas Mallory Williams & Company_______________________ Little Rock, Arkansas   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Thirty-Fourth Report  141  ISSUING COMPANIES AUTHORIZED TO SELL SECURITIES IN THE STATE OF ARKANSAS AS OF JUNE 30, 1948 (Certificates of Authority expire one year from date of Permit) Date  Name and Address  Adams & Howard Co., Inc. 100 Professional Building Fort Smith, Ark. Aeronautical Securities, Inc. 2-20 48 One Wall Street New York, New York Affiliated Fund, Inc. 7-1-47 63 Wall Street New York, New York The Akin Co., Inc. 1120-47 806 West 19th St. Little Rock, Ark. American Business Shares, Inc. 7-1-47 63 Wall Street New York, New York Americana Furniture, Inc. 1212-47 6th & Cornish Street North Little Rock, Ark. 7-28-47  12-31-47 4-3-48 6-18-47 5-20-48 7-1-47 10-3-47  3-1-48 11-15-47 3-17-48 11-5-47  Axe-Houghton Fund, Inc. One Exchange Place Jersey City, New Jersey Axe-Houghton Fund “ B” , Inc. One Exchange Place Jersey City, New Jersey The Bond Fund of Boston, Inc. I l l Devonshire Street Boston, Massachusetts The Bond Investment Trust of America 49 Federal Street The Boston Fund, Inc. I l l Devonshire Street Boston, Massachusetts Chemical Fund, Inc. 39 Broadway New York, New York  Amount Authorized 750 Shares of its preferred stock; p /v $100.00 per share An unfixed amount of com­ mon stock An unfixed amount of com­ mon stock; p /v $1.25 per share $25,000 of its stock; p /v $25.00 per share. An unfixed amount of stock heretofore authorized 15.000 combined shares of its preferred and common stock; p /v $5.00 and 10c respective­ ly, aggregating $76,500.00 of said stocks. An unfixed amount of its common stock An unfixed amount of its common stock An unfixed amount of its shares. $25,000 of beneficial inter­ est; p /v $1.00 at the offering price. An unfixed amount of its common stock Any unsold portion of $50,000 of its common stock; p /v $1.00. An additional $25,000.00 of said stock. 20.000 shares of its common stock; p /v $50,00 per share.  Coosa River Newsprint Company 2029 First Avenue N. Birmingham, Alabama Crown Western Investment, Inc. An unfixed amount of its 1003 Kirby Building Common stock (investment Dallas, Texas shares); p /v $1.00 per share. Dividend Shares, Inc. $100,000 common stock; p /v One Wall Street .25c New York, New York Eaton & Howard Balanced Fund, Inc.An unsold portion of $150,24 Federal Street 000.00 of shares (beneficial interests) Boston, Massachusetts   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  142  3-17-48 6-11-48 5-1-48 1-29-48  6-8-48  10-16-47  2-20-48 9-26-47 7-3-47  7-3-47 11-18-47  State of Arkansas: Bank Department  Eaton & Howard Stock Fund 24 Federal Street Boston, Massachusetts Equipment Finance Corporation 1101 Belmont Chicago, Illinois Fundamental Investors, Inc. 63 Wall Street New York, New York Group Securities, Inc. One Exchange Place Jersey City, New Jersey  Harrison Packing Company Harrison, Arkansas Home Appliance Distributors of Arkansas, Inc. 114 East Bridge St. Little Rock, Ark. Incorporated Investors One Court Street Boston, Massachusetts Investors Mutual 200 Roanoke Building Minneapolis, Minnesota Investors Selective Fund, Inc. 200 Roanake Building 200 Roanoke Building Minneapolis, Minnesota Investors Stock Fund 200 Roanoke Building Minneapolis, Minnesota Investors Syndicate of America, 200 Roanoke Building Minneapolis, Minnesota  2-4-48  Kaiser-Frazier Corporation . Willow Run, Michigan  3-4-48  eystone Custodian Fund 50 Congress Street Boston, Massachusetts*  4-20-48 7-1-47  *The McCoy Couch Furniture Mfg. Benton, Ark. Manhattan Bond Fund, Inc. 48 Wall Street New York, New York   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  An unsold Balance of $50,000.00 of its beneficial inter­ est shares. An unfixed amount of its preferred stock $25,000.00 sales price com­ mon capital stock; p /v $2.00 per share. Certain classes of its capital stock as follows: $25,000.00 Railroad Stock shares $50,000.00 Industrial Classes $25,000.00 Fully Administer6(1 Shares $25,000.00 General Bond Shares $25,000.00 Institutional Bond Shares $25,000.00 Low Priced Shares 359 Shares of its Common Stock; p /v $100.00 per share. 1000 shares of its Preferred stock; p /v $100.00 per share. Unsold portion of $50,000.00 fo its D. P. S. (5 % ); (19,200.00) p /v $100. per share. An unfixed amount of its common stock; p /v $5.00. An unfixed amount of its capital stock; p /v $1.00 The unsold portion of $250,000.00 (sales value) of its capital stock An unsold portion of $250,000.00 (sales value of its capital stock. An unfixed amount of its securities as follows:Series 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 20, single payment 5,769 shares of its Common Stock; p /v $1.00 per share at $13.00 per share An unfixed amount of the following funds: Series B l, B2, B3, B4 K l, K2 SI, S2, S3, S4 $200,000.00 of its 5%— 10 year and 9 months Bonds. The unsold portion of $25,000.00 of shares of common stock, p /v $.10 per share  Thirty-Fourth Report  12-11-47  7-1-47  7-1-47 1-29-48 1-17-47 9-25-47  3-10-48 3-15-48 9-9-47  11-18-47  4-5-48 12-23-47  John Marshall Insurance Co. 332 South Michigan Ave. Chicago, 111.  Massachusetts Investors Second Fund, Inc. 19 Congress Street Boston, Massachusetts Massachusetts Investors Trust 19 Congress Street Boston, Massachusetts Nation-Wide Securities Co., Inc. One Wall Street New York, New York New York Stocks, Inc. 48 Wall Street New York, New York Pulaski Investment Co., Inc. 402 Louisiana St. Little Rock, Ark. The George Putman Fund of Bo 50 State Street Boston, Massachusetts Selected American Shares, Inc. 135 S. LaSalle Street Chicago, Illinois Sleepy Valley Development Co. Hot Springs, Ark.  Springfield’s Fire and Marine ance Co. 195 State St. Springfield 1, Mass. F. C. Stearns Hdw., Inc. 811-15 Central Ave. Hot Springs, Ark. The Students’ Exchange, Inc. Vets Village Fayetteville, Ark.  9-30-47  Union Trusteed Funds, Inc. One Exchange Place Jersey City, New Jersey  9-2-47  Wellington Fund, Inc. Real Estate Trust Building Philadelphia 7, Pennsylvania   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  143  1000 Shares of its common stock p /v $10.00 per share. Said shares to be sold at $25.00 per share only by qualified dealers or agents of issuer. Unfixed amount of common stock An unfixed amount of its certificates of beneficial in­ terest; p /v $1.00. An unfixed amount of its capital stock An indeterminate amount of its special stock 100 sharesof its Comipon stock (no p /v ). Said shares to be sold at $250.00 per share. Unsold portion of $25,000.00 of its beneficial certificates; p /v $1.00. An unfixed amount of its common stock. 400 Shares of its Common stock, p /v $100.00 per share, and 1167% shares of its pre­ ferred stock; p /v $100.00 per s h a r e , aggregating $156,750.00 -$45,000.00 sale price of its common stock. 2000 shares of its preferred stock; p /v $100.00 per share. 935 shares of its common stock; p /v $5.00 per share. 235 Loan Certificates ($20.00 each), aggregating $23,375.00. An indeterminant amount of its capital stock consisting of the following: Union Bond Fund “ A ” Union Bond Fund “ B” Union Bond Fund “ C” Union P. S. Fund Union C. S. Fund Union Fund Special $150,000.00 of its common stock; p /v $1.00.  State of Arkansas: Bank Department  144  4-6-48 11-3-47  White River Limestone Products Co. 200,000 shares of its Com­ 408 Rock St. mon stock; p /v $1.00 per Little Rock, Ark. share. $200,000.00 of its Common Winburn Tile Manufacturing Co. stock; p /v $100.00 per share. 1709 East 9th St. Little Rock, Ark. Qualified by: * Hill Crawford & Lanford, Inc. Boyle Building Little Rock, Arkansas SECURITIES QUALIFIED BY NOTIFICATION IN THE STATE OF ARKANSAS AS OF JUNE 30, 1948  Name and Address Aetna Insurance Company Hartford, Conn. Genuine Parts Company Atlanta, Ga. Halliburton Oil Well Cementing Company Duncan, Okla. The Home Insurance Company New York, N. Y. Household Finance Corporation Chicago, 111. *Maryland Casualty Company Baltimore, Md. **Monsanto Chemical Company Monsanto, 111. The Texas Company New York, N. Y. Warren Petroleum Tulsa, Okla. Wilson-Jones Company Chicago, 111. Qualified by: * Hill Crawford & Landford, Inc. Boyle Building Little Rock, Arkansas ** Merrill Lynch, Pierce, Fenner & Beane 400 Louisiana Street Little Rock, Arkansas   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Amount Authorized 1250 shares Capital stock; p /v $10.00. 10.000 shares Capital Stock; p /v $10.00 2.000 shares Common Stock; p /v $5.00 1,919.2 S h a r e s Common Stock; value $26.37 300 shares Common Stock; value $17.00 3.000 shares of Preferred Stock; p /v $1.05 250.000 shares of Cumula­ tive preferred stock, Series “ B” at $101.00 2,500 shares Capital stock; p /v $25.00 150.000 shares of Cumula­ tive Convertible Preferred Stock; p /v $100.00 150 shares of Common Stock; p /v $10.00  Thirty-Fourth Report  145  COMBINED OPERATING STATEMENT OF ONE HUNDRED SIXTY-FIVE BURIAL ASSOCIATIONS FOR THE TWELVE-MONTH PERIOD ENDING DECEMBER 31, 1947 Balance December 31, 1946__________________________________ $ 1,847,320.00 Receipts from January 1, 1947 to December 31, 1947__________ 2,538,105.00 4,385,425.00 Less: Benefits Paid from January 1, 1947 to December 31, 1947 __________________$2,026:881.00 Operating Expenses ___________________ 467,812.00 $ 2,494,693.00 Balance for payment of Benefits December 31, 1947 _ Approximate number of members 1,619,580 Number of Benefits Rendered 10,993   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $ 1,890,832.00  146  State of Arkansas: Bank Department  BURIAL ASSOCIATIONS AUTHORIZED TO SELL MEMBERSHIP CERTIFICATES IN THE STATE OF ARKANSAS AS OF JUNE 30, 1948 Name of Association Address Sec’y-Treas. Andrews Burial Association_________El Dorado______ I. Andrews Angelo Burial Association------------- Cotton Plant___ Mrs. Chas. Angelo Arkansas Burial Society, Inc----------- Ft. Smith_______Mrs. Helen R. Stackable Arkansas State Burial Association.. Rison__________ Mrs. Ruth M. Buie Ashby Burial Association-----------------Benton_________ Guinevere Hawkins Ashley County Burial Association__ Hamburg_______ Murphy Jones Bailey Burial Association__________ Cabot___________ G. Harold Todd T. E. Barton Burial Association___ El Dorado______ Glendel Cloud Baxter County Burial Association__ Mountain Home..Denver Roller Beasley-Wood Burial Society_______Mena___________ Berta Beasley Benevolent Burial A ssocia tion --___ Hamburg_______ Flora M. Thompson Blanchard Burial Association_______Camden_________R. J. Blanchard Boone County Burial Association___ Harrison________L. C. Holt Branscumb Burial Association______Brinkley________ Ruth S. Branscumb Brickell Burial Association______.__ Marvell_________ Pauline Brickell Briggs Burial Association__ _______ Judsonia________James L. Kinney Brown-Midkiff Burial Association__ Clarendon_______A lf Brown Bryan Burial Association___________ Hoxie___________W. C. Bryan Burns Burial Association___________ Bentonville_____ Jessie Parker Burns Campbell Burial Association________Hot Springs_____M. G. Campbell Carroll County Burial Association___ •Berry ville______ Pauline L. Nelson Leland Carter Burial Association___ Mammoth SpringLeland Carter Caruth Burial Association__________ Hot Springs____ Jack Caruth Caskey Burial Association_________Des A rc________ Lemuel C. Felts Catron-Gay Burial Association______ Eudora_________ Gail K. Gay Cave City Burial Association_______Cave City._______Silas McGee Cecil Burial Association____________ Batesville_______ Dr. Walter W. Cecil E. E. Chandler Burial Association__ Searcy__________ W. K. Hannah Charleston Benevolent Burial Ass’n.__ Charleston_____ Maymie Rainwater Chicot County Burial Association__ Eudora_________ I. J. Pride Christeson Burial Association______Harrison________A. C. Christeson Christian Burial Association________Eudora_________ G. Watts Church Burial Association__________ Dermott________ Conneliaus Davis Citizens Burial Association__________ Warren_________ James R. Johnson Citizens Burial Association__________ West Memphis-- Lucy Ruth Johnson Cobb Funeral Home Burial Society__ Blytheville______ W. H. Stovell Collison Burial Association_________ Bald Knob______ W. E. Forbes Columbia County Burial Association. Magnolia_______ Fred Lewis Community Burial Association______Helena__________Peter Badger Cross County Burial Society________ Wynne__________W. C. Kernodle Daniel Burial Association__________Searcy__________ Elirs Daniel Desha & Chicot County Burial Ass’n._McGehee________Harold B. Dyer Dixie Funeral Association__________ McGehee________Mrs. L. L. Jones Dixie Burial Association____________ Marianna_______ Jeurelle T. Williams T. T. Doolin Burial Association____ Conway_________T. T. Doolin Downey Burial Society____________ Dermott________ E. Q. Downey Drew County Burial Association___ Monticello_______Hattie E. Henderson Drummond Burial Association______Little Rock_____ B. T. Hoff Dupwe Burial Association_________. Jonesboro_______ D. Raymond Dupwe Durham Burial Association_________ Wynne____:_____ H. Carroll Durham East Funeral Burial Assurance Co._Texarkana______ C. H. Malone Eastern Arkansas Burial Association.Forrest City____ E. J. Butler Edwards Burial Association________ Fort Smith_____ Delman D. Edwards A. J. Emerson Burial Association____Paragould______ A. J. Emerson Fitzhugh Burial Association________ Wynne---------------A. 0. Fitzhugh  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Thirty-Fourth Report  147  Flowers Burial Association_________ Marianna_______ F. C. Flowers Fordyce Burial Association_________Fordyce_________Carlton Mays Franklin County Burial Association-_ Ozark__________ Nathan Smith Frazer’s Burial Association________ Warren_________ J. B. Frazer Friendship Burial Association_______Ashdown_______ I. N. Phillips Grand Prairie Burial Association___ DeWitt__________Don W. Essex Great Protective Burial Association-_ Pine Bluff______P. K. Miller Great Southern Protective Bur. Ass’n, Arkadelphia____ Clinton Harris Gregg Burial Association__________ Jonesboro_______ Jesse B. Gregg Griffin Burial Association_________ Harrisburg______ Marvin M. Griffin Griffin-Leggett Burial Society_____ Little Rock______ Paul Y. Griffin Hammond Burial Association______ Warren_________ G. W. Hammons Haralson Burial Association_______ Augusta_________Herbert R. Holmes Harris Burial Association__________ Hot Springs_____Leon Harris, Jr. Healey & Roth Burial Ass’n. Inc____Little Rock______ S. R. Sims Verlyn L. Heath Burial Association-_ Paragould______ Verlyn L. Heath Herndon-Cornelius Burial Association Hope___________ T. S. Cornelius Hicks Burial Association___________ Hope___________ C. W. Hicks Holt Burial Association____________ Blytheville______ E. M. Holt Horne Burial Association__________ Blytheville______ Cecil V. Horne Hot Spring County Burial Ass’n.___ Malvern_________ Mrs. F. D. Cooper Howard Burial Association_________ Leachville_______H. H. Howard Howard County Burial Association. _ Nashville_______ M. A. Floyd Hubble Burial Society______________ Little Rock_____ S. E. Hubble W. H. Irby Burial Association______ Rector__________ W. H. Irby Johnson Burial Association________ Walnut Ridge___ Bob Higginbotham Jones Burial Association___________ Texarkana______ Lena P. Jones Jonesboro Burial Association______ Jonesboro_______ W. T. Emerson Keeshan-Lambert Burial Association Helena_________ L. S. Keeshan Kernodle Burial Association_______ Wynne__________ W. C. Kernodle Kilpatrick Christian Burial Ass’n.__Farmersville, La..E. N. Kilpatrick Frank Leach Burial Association___ Newport_________Frank Leach Lemley Burial Association_________ Atkins__________ O. R. Lemley Lepanto Burial Association________ Lepanto_________ J. E. Murphy Liberty Burial Association_________ Newport________ J. E. Tolerson, Sr. Luginbuel Burial Association______ Lincoln__________Edna Luginbuel Malvern Burial Association________ Malvern_________ T. Y. B. Graham Marion County Burial Association__ Yellville_________ H. A. Burnes Marked Tree Burial Association___ Marked Tree____ B. F. Williams Mayhan-Boultinghouse Burial Ass’n.-Newark________ Clyde Boultinghouse McConnel Burial Association______ Hartford________ B. A. McConnell McNabb Burial Association________ Pocahontas______ Nelle L. McNabb Mid-South Burial Association______ Marianna________Winnie Kennedy Mineral Springs Burial Association.-Mineral Springs-Thomas Bridgeman Randall L. Mitchell Burial Ass’n___Paragould________ Randall L. Mitchell Monarch Burial Association_______ Wynne__________ Helen J. Hughes Moore’s Burial Association_________ Fayetteville_____ Jane B. Roberts Morgans Burial Society____________Stuttgart________ Frances Morgans Murry Burial Association_________ Arkadelphia_____ E. H. Murry Mutual Burial Society, Inc--------------Blytheville______ Pearl Caston National Burial Association________ West Memphis___P. M. Dacus Nelson-Savage Burial Association___ Fayetteville_____ B. R. Nelson New Home Burial Association_____ Newport________ Ottie Dillinger North Arkansas Burial Association. _ Marshall_______ Russell Sisco Ocker Burial Association___________ Van Buren______ Mrs. Mary Ocker Howel R. W. Olmstead Burial Association..Heber Springs__ R. W. Olmstead Olympic Burial Association________ Pine Bluff_______H. T.. Perry Ouachita County Burial Association. Camden________ R. T. Lockett Our Burial Association------------------Fort Smith______ Henry Peques  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  148  State of Arkansas: Bank Department  Ozark Burial Association___________Siloam Springs__ Margaret Wasson Page Burial Association____________Hot Springs____ T. R. Page Pence Burial Association___________Conway_________ Sarah Lynn Pence Peoples Benevolent Protective Ass’n.. Paris___________L. B. Cox Peoples Burial Association________ .. West Helena____ Frank Ella Jordan Peoples Burial Society______________ Augusta________ Will Raspberry Peoples Consolidated Burial Ass’n__Piggott_________ Lloyd Russell Peoples Consolidated Burial Ass’n.__ of Western Clay_____________Corning_________ B. Sullins Pike County Burial Association____ Glenwood----------- Billy K. O’Neal Poinsett Burial Association_______ Trumann------------Paul Thompson, Jr. Polk County Burial Association____ Mena----------------- R. P. Geyer Prescott Burial Association________ Prescott------------- J. D. Cornish Progressive Burial Association_____ Pine Bluff______ U. S. Brown Putman Funeral Association_______ Fort Smith---------Mrs. J. G. Putman Pyeatt’s Burial Association, Inc____ Siloam Springs—W. 0. Burns Raney Burial Association___________McCrory------------ R. B. Wilson Frank Reid Burial Association_____ Morrilton----------- Robt. D. Harris H. E. Rice Company Burial Society.-W aldron-------------E. C. Rice Richardson Burial Association______ Texarkana--------- Emma Richardson Jones W. A. Rowell Burial Society_______ Fort Smith______Vivian Rowell Ruebel Burial Association___________Little Rock_____ H. E. Greenfield Rumph Burial Association__________El Dorado______ Mrs. C. B. Rumph Russell Burial Association__________Piggott_________ Leslie D. Russell Scott-Sebastian Burial Association_Mansfield_______ Joe J. Martin Searcy County Burial Association___ Marshall________ Leonard Coffman Shinn & Son Burial Association_____ Russellville_____ Fern M. Shinn Sims & Walton Burial Association_Benton__________Ralph W. Walton Smith Burial Association___________Stamps_________ A. O. Smith Smith Burial Association___________Lewisville_______A. O. Smith South Burial Association___________Pine Bluff______ S. E. South Southwestern Burial Association___ Hot Springs_____George H. Brenner Stephenson Burial Association_____ Monticello______ R. E. Stephenson Stevens Burial Association__________Forrest City____ W. E. Stevens Swift Funeral Home Burial Society-_ Osceola________ Lelah B. Coble Texarkana Protective Association___ Texarkana______ Howard Fuqua Fred A. Thompson Funeral Service A greem ent_____________________ Paragould______ Fred A. Thompson Tri-County Burial Association_____ Imboden________ Mrs. C. Higginbotham Tri-County Burial Club_____________Jonesboro_______ E. J. Turner Tri-County Burial Club o f__ _______ Newport________ Alvis W. Jackson United Burial Association___________Conway_________ H. M. McNutt Wallian-Mowrey Burial Association. _ Piggott________ O. L. Mowery Watson Burial Association________ Fayetteville_____ Edmond P. Watson Westbrook Burial Ass’n___________ Mt. Ida_________ Phillip Kelley C. B. Westbrook Burial Association_Hazen__________ C. B. Westbrook W. L. Westbrook Burial Association_Beebe___________ B. W. Linder White River Burial Association____ Batesville_______ A. L. Crouch Wilkerson Burial Association_____ DeQueen________ Fred Wilkerson Williams Burial Association_______ Camden_________ B. F. Williams Wilson Burial Association__________England________ Harold Todd Wylie Burial Association___________Brinkley..______ Davis Wylie Yell County Burial Association_____ Dardanelle______ Lamont Cornwell   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Thirty-Fourth Report  CONSOLIDATED STATEMENT OF CONDITION OF THE EIGHT COOPERATIVE EXCHANGES OPERATING IN ARKANSAS AS OF JUNE 30, 1948 Resources Loans and discounts ___________________________________ $ 25,499.61 Overdrafts . __________________________________________ 108.47 U. S. Government obligations _________________________ 84,380.00 Other Securities ______________________________________ 4,526.35 Furniture and fix tu r e s _________________________________ 1,252.25 Banking h ou se _________________________________________ 1,800.00 Cash and due from b a n k s______________________________ 653,162.90 Other resources _______________________________________ 1,524.79 Total Resources _________________________________ $772,254.37 Liabilities Capital s to c k --------------------------------------------------------------- $ 20,970.00 Surplus and undivided profits ________________________ 22,274.37 Deposits _ ------------------------------------------------------------------ 728,987.44 Other liabilities ______________________________________ 22.56 Total Liabilities _________________________________ $ 772,254.37   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  149  150  State of Arkansas: Bank Department  THE FIRST COMPANY, BLACK ROCK Population 769. Officers J. F. Sloan________________President L. J. Coffey__________ Vice President Henry L. Clark___________ Manager  J  Lawrence County Directors Henry L. Clark J. H. Myers L. J. Coffee J. F. Sloan Dr. E. J. Cruse C. H. Smith J. E. Krone  Statement of June 30, 1948 Resources Cash and due from banks $3,619.50 Other resources ___________ 1,500.35 $5,119.85  Total  Liabilities Capital s to c k _______________$2,480.00 Surplus and undivided profits 2,617.29 Other liabilities ___________ 22.56 Total  i,119.85  j  HARDY EXCHANGE, HARDY Population 721. Officers R. S. Riggers______________ President J. I. Willett__________ Vice President T. W. Walker__ .____________ Cashier  Sharp County llir p p f A r Q  R. S. Biggers E. R. Daugherty H. C. Daugherty  T. W. Walker J. I. Willett  Statement of June 30, 1948 Resources Loans and discounts_____$ 725.00 U. S. Gov’t obligations__ 59,280.00 Furniture and fix t u r e s 140.00 Cash and due from banks. 97,340.08  Liabilities Capital s to ck ____________ $ 2,500.00 Surplus and undivided p r o fits ________________ 1,181.74 Deposits ________________ 153,803.34  Total _________________ $157,485.08  Total _________________ $157,485.08  LAKE CITY EXCHANGE COMPANY, LAKE CITY Population 786. Officers Fred H. Carter-----------------President M. S. Rubenstein---------Vice President L. D. Walker, Jr------------------- Cashier  J  Craighead County • Directors Fred H. Carter C. L. Sanders Paul W. Owens L. D. Walker, Jr. M. S. Rubenstein  Statement of June 30, 1948 Resources U. S. Gov’t obligations_$ 25,100.00 Cash and due from banks 95,198.77  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $120,298.77  Liabilities Capital s to ck __________ Surplus and undivided p r o fits --------------------Deposits _____________ Total  $ 10,000.00  6,091.45 104,207.32 $120,298.77  151  Thirty-Fourth Report  LEACHVILLE EXCHANGE, LEACHVILLE Population 1,076. Officers Paul Downs_______________ President J. H. Downs__________ Vice President Fred F. Alexander__________ Cashier DeLean Alexander_Assistant Cashier  ^  Mississippi County Directors DeLean Alexander Paul Downs J. H. Downs  Statement of June 30, 1948 Resources Loans and discounts______$ 300.00 O verdrafts______________ 52.55 Cash and due from banks. 165,791.26 Total _________________ $166,143.81  Liabilities  Capital s to ck ____________ $ 400.00 Surplus and undivided p r o fits ------------------------6,034.34 Deposits ------------------------- 159,709.47 Total _________________ $166,143.81  PEOPLES EXCHANGE, McRAE Population 420. Officers H. F. Hammack___________ President G. M. Bennett_Vice Pres, and Cashier Mattie R. Bennett.-Assistant Cashier  J  White County Directors G. M. Bennett H. W. Lawrence R. H. Ernest Bert Shannon H. F. Hammack  Statement of June 30, 1948 Resources Loans and discounts____ $ O verd rafts_____  Liabilities  2,779.50  55.92  Capital s to ck ____________ $ 2,500.00 Surplus and undivided  Furniture and fixtures __ 500.00 Banking house __________ 1,800.00 Cash and due from banks. 144,816.50  p ro fits ________________ 122.98 Deposits ________________ 147,328.94  Total _________________ $149,951.92  Total _________________ $149,951.92  MINERAL SPRINGS EXCHANGE COMPANY, MINERAL SPRINGS Population 731. Officers Lee M cCorkle____________ President Thomas Bridgeman __ Vice-President Azelle B e ll _______________ Cashier  y  Howard County nirprtrti*c  R. M. Bell Thomas Bridgeman Lee McCorkle  G. C. Stephens William W olff  Statement of June 30, 1948 Resources Loans and discounts____ $ 21,695.11 Furniture and fix tu res__ 433 05 Cash and due from banks 30,272.71  Total  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $ 52,400.87  Liabilities Capital S to c k ___________ $ 2,250.00 Undivided p r o fits -----------5,608.92 Deposits ________________ 44,541.95  Total  $ 52,400.87  State- bf Arkansas: Bank Department  152  * %M  TYRONZA EXCHANGE COMPANY, TYRONZA Population 639  Poinsett County .  Officers  Directors  D. F. W y lie __________ President J. L. Cooper W. W. W arren ______Vice-President A. L. Fair W. S. T a tu m ________________ Cashier W. S. Tatum Erstine Sanders_Assistant Cashier  W. W. Warren D. F. Wylie  Statement of June 30, 1948 Resources  Liabilities  Furniture and fix t u r e s $ 179.20 Cash and due from banks 65,102.35 Other resou rces_________ 24.44  Capital s to c k _____________ Deposits _______________  440.00 64,865.99  Total __________ ________ $ 65,305.99  Total ___________________$ 65,305.99  WILMAR EXCHANGE, WILMAR Population 605.  Drew County Directors  Officers  E. A. Oslin________________President Louin McKinstry______Vice President R. A. McKinstry------------------ Cashier Mrs. R. A. McKinstry._Asst. Cashier  Louin McKinstry E. A. Oslin R. A. McKinstry S. C. Wiscaver Mrs. R. A. McKinstry  Statement of June 30, 1948 Resources  Other bonds and securities,! 4,526.35 Cash and due from banks, 51,021.73  Total   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  $55,548.08  Liabilities Capital stock ____________ $ 400.00 Surplus and undivided p r o fits _________________ 617.65 Deposits _________________ 54,530.43 Total  $55,548.08