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FEDERAL RESERVE BANK OF CLEVELAND TWENTY-SECOND ANNUAL STATEMENT Cleveland, Ohio, January 8, 1937. To the Stockholders of the Federal Reserve Bank of Cleveland: We are pleased to submit a Statement of Condition of the Federal Reserve Bank of Cleveland as at the close of business December 31, 1936, together with a Statement of Distribution of Net Income for the year. Very truly yours, President. 37-1 STATEMENT OF CONDITION-DECEMBER 31, 1936 ASSETS GOLD CERTIFICATES ON HAND AND DUE FROM U. S. TREASURY· REDEMPTION OTHER CASH' TOTAL BILLS . . . . . . 977,950.00 20,076,730.25 , $ 686,071,825.22 $ 247,304,930.41 SECURITIES: BILLS DISCOUNTED BILLS BOUGHT FOR MEMBER IN OPEN ADVANCES· GOVERNMENT OTHER TOTAL BILLS PREMISES, OTHER .... 293,727.05 SECURITIES AND OTHER 245,769,500.00 . 27,600.00 ......................•... ITEMS RESERVES 1,214,103.36 . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . .. (CHECKS LESS $ . . . . . . . . . . . . . . . . . . . . . . . SECURITIES AND ITEMS (NONE) BANKS········ MARKET SECURITIES······ UNCOLLECTED BANK NOTES··········· . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. INDUSTRIAL ALL R. RESERVES······ AND U. S. $665,017,144.97 FUND-F. 'N PROCESS OF COLLECTION) 95,536,983.31 •••••••••••• FOR DEPRECIATION············· 6,368,260.06 ASSETS········································ TOTAL . ASSETS· ~3~,5~2~6~,~8~52~.~4~6 $1,038,808,851.46 LIABILITIES FEDERAL RESERVE NOTES IN ACTUAL CIRCULATION' $ 418,453,530.00 $ 500,110,057.63 DEPOSITS: MEMBER BANKS-RESERVE ACCOUNTS· U. S. TREASURER-GENERAL OTHER DEPOSITS TOTAL DEFERRED $451.331,241.31 . . . . . . . .. 26,873,230.49 . . . . . . . . . . . . . . . . . . . . . . . . . . .. 21.905,585.83 DEPOSITS" AVAILABILITY BEEN CAPITAL ACCOUNT' PAID DEFERRED ITEMS PENDING (CHECKS LAPSE OF IN·············· AND OTHER SUFFICIENT TIME ITEMS FOR WH'CH IN WHICH CRED'T TO COLLECT HAS THEM) 88,870,869.51 ••••••• . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,664,200.00 14,322,789.59 SURPLUS (SECTION 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SURPLUS (SECTION 13B)·············· RESERVES . ACCRUED . . . . . . . . . . . . . . . . . . . . . . . . 1,007,416.00 FOR CONTINGENCIES TAXES. TOTAL UNEARNED 3,119,744.05 DISCOUNT. AND OTHER LIABILITIES' . . . .-----';;;.;;..;:;..:.;;;...;;...;.;~ 260,244.68 LIABILITIES· $1,038.808,851.46 DISTRIBUTION OF NET INCOME-1936 NET INCOME JANUARY AVAILABLE " 1936, FOR RESERVES TO DECEMBER AND 31, DIVIDENDS 1936······ $===8=8=5,=:;6=8=7:=.9:=5 DISTRIBUTION: DEPRECIATION RESERVES DIVIDENDS SECTION ALLOWANCES ON BANK PREMISES FOR CONTINGENCIES PAID 13B FOR YEAR EARNINGS 1936· PAID THE 10,000.00 752,930.64 UNITED STATES···· NET DEFICIT · 1.:...;4=4~3.:..1"".0=9 $ TOTAL AMOUNT CHARGED AVAILABLE· TO SURPLUS 156,782.27 . . . . . . . . . . . . . . . . . . . . . . . . . . TOTAL· DEDUCT $ . . . . . . . . 934,144.00 ----"8~8~5~.~6~8.!..7:.=.9=5 (SECTION 7) $ 48,456.05 DIRECTORS AND OFFICERS-1937 DIRECTORS CLASS CHESS ROBERT LAMBERTON. WARDROP. B. R. CONNER. A FRANKLIN. CLASS PA ......•......••...... PITTSBURGH. PA ...........••...... ADA. OHIO ........................•....... 1937 R. P. WRIGHT. ERIE. PA .................•.•......•........ 1937 11138 G. D. CRABBS. CINCINNATI. 1938 1939 J. E. GALVIN. CLASS G. C. BRAINARD. E. S. BURKE. B OHIO ......•......•.......... LIMA. OHIO 1939 C DEPUTY CHAIRMAN. YOUNGSTOWN. OHIO ....................................•.... 1937 JR .• CHAIRMAN OF THE BOARD AND FEDERAL RESERVE AGENT. CLEVELAND. OHIO ... 1938 R. E. KLAGES. COLUMBUS. OHIO ..........................................................•.......... 1939 OFFICERS M. J. FLEMING ...........•.......................... F. J. ZURLINDEN ..........••.......... H. F. STRATER C. W. ARNOLD FIRST VICE PRESIDENT D. B. CLOUSER ASSISTANT VICE PRESIDENT E. A. CARTER .........•..•....•........... ASSISTANT CASHIER .......•...•.•............... VICE PRESIDENT A. G. FOSTER ..................•.•........ ASSISTANT CASHIER .............•............................ CASHIER MEMBER, L. B. WILLIAMS. R. B. HAYS ..•............................. ......•........•.......••••.......•..... FEDERAL COUNCIL CHAIRMAN OF THE BOARD. THE NATIONAL CITY BANK OF CLEVELAND. CLEVELAND. OHIO BRANCH DIRECTORS W. H. COURTNEY OFFICERS LEXINGTON. Ky. B. J. LAZAR ...........•......•.............. CINCINNATI. OHIO J. J. ROWE ...............•...•.............. CINCINNATI. OHIO S. B. SUTPHIN CINCINNATI. OHIO CINCINNATI. OHIO ....•.....•......•............ THOMSON ....••.......•..... PITTSBURGH B. J. LAZAR .....•........................ H. N. OTT , ..•.......•........•...•...••...... R. G. JOHNSON P. J. GEERS .......•.......•...•....... .....•.......•.........•....... H. S. WHERRETT .........•........•.••.......... ..........•.................... .........•........•.......... MANAGING DIRECTOR CASHIER ASSISTANT CASHIER ASSISTANT CASHIER BRANCH DIRECTORS A. E. BRAUN .•.••............................. H. B. Mc DOWELL ASSISTANT CASHIER AUDITOR ADVISORY CINCINNATI G. H. WAGNER ASSISTANT CASHIER VICE PRESIDENT F. V. GRAYSON ALEXANDER ......••........•........... ....•.........•....•..•........• W. H. FLETCHER W. F. TAyLOR PRESIDENT OFFICERS PITTSBURGH. PA. SHARON. PA. G. H. WAGNER ..............•...•......•. P. A. BROWN ........•.........................•........ MANAGING DIRECTOR CASHIER PITTSBURGH. PA. PITTSBURGH. PA. F. E. COBUN ......•............•.......... C. J. BOLTHOUSE .........•.............. ASSISTANT CASHIER ASSISTANT CASHIER
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