This section is from the book "Banking Principles And Practice", by Ray B. Westerfield. Also available from Amazon: Banking principles and practice.
The combined effect of these and other transactions is to render the statement into that of a typical commercial bank.
There is, however, no uniformity of style or titles in the published statements, whether of the same or different classes of banks. Uniform accounting is somewhat promoted by government supervision of banks and the requirement of periodic reports. Nevertheless in the publication of their financial statements wide variation occurs because bankers have different conceptions of what constitutes a good report, because the statements are adapted to different clienteles, and because the bankers have different motives to serve. These purposes are attained by combining items under varying heads. The following is a typical statement of a small bank.
Assets
Loans and Discounts......... $ 458,426
Cash....................... 44.975
Investments................ 95.000
Real Estate And Bank Building 21,000
Furniture And Fixtures....... 5.000
Expense.................... 1,252
Bonds Loaned............... 10,000
Collection Items............. 35.000
Clearing House Items........ 78,000
Redemption Fund........... 2,300
Overdrafts.................. 4.621
Due From Banks............. 165,000
Customers' Liability Under
Letters Of Credit.......... 95,000
Customers' Liability For Acceptances Executed........ 80,000
Other Assets............... 7.396 $1,102,970
Liabilities
Capital.................... $ 100,000
Surplus..................... 75,000
Undivided Profits........... 16,312
Dividends Declared But Unpaid..................... 4,000
Bonds Borrowed............ 20,000
Deposits.................... 487,345
Cashier's Checks............ 45,000
Bank Notes Outstanding..... 40,000
Certificates Of Deposit....... 55,000
Acceptances................. 80,000
Due To Banks............... 48,000
Letters Of Credit............ 95,000
Bills Payable................ 20,000
Reserved For Taxes, Insurance 6,000
Other Liabilities............. 11,323 $1,102,970
 
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