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Item Includes $716,215 Bills Receivable and $28,940 In Cash On Hand At The Time
LIABILITIES TOTAL PLACED AT $848,583
Deposits Secured by Pledge of Assets of Bank in Sum of $65,046 Amount to $90,451; Rediscounts Are $148,743.
When the First National Bank of Henderson closed its doors for a receivership on last December 31, it had gross assets of $1,071,170.92, and its liabilities, exclusive of capital stock, amounted to $848,583.46, according to a statement made public today by R. G. Harrison, the receiver. It was the first official report on the bank's affairs that had been made since the bank closed.
The assets included bills receivable amounting to $716,251.62; cash on hand of $28,940.28, and assets other than bills receivable and cash on hand amounting to $325,979.02.
The liabilities included unsecured deposits of $609,388.32; deposits secured by pledge of assets of the bank aggregating $65,046.05 as collateral, of $90,451.84; rediscounts secured by pledge of assets of the bank aggregating $232,343.30, as collateral, of $148,743.30. There were no bills payable other than the rediscounts.
Assets other than bills receivable and cash on hand, amounting to $325,979.02 included principally the building and other real estate owned.
A statement of the bank's affairs in the minutest detail has been prepared under Mr. Harrison's direction, and was forwarded by express last Saturday to the comptroller of the currency in Washington, who should have received the statement today, since Monday was a legal holiday in government departments. It will require several days for this report to be digested in the comptroller's office.
It has been understood that definite steps looking toward the reopening of the bank were held in abeyance pending the completion of the first report on the bank's business. Now that this has been finished and forwarded to Washington, the way is opened for stockholders and others interested to make a definite proposal in the matter. The comptroller is expected to be in position shortly to advise the stockholders just what will be necessary for them to do to restore the bank to the community. Nothing definite of that nature was available today, but is expected to be possibly by the end of the week or early next week.