Newspapers / The Tryon Daily Bulletin … / Oct. 2, 1940, edition 1 / Page 2
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Monthly Report to the Board of Directors of the Tryon Federal Savings & Loan Ass’n. For the Month Ending September 30th, 1940 Assets First Mortgage Loans $273,267.19 Accrued Interest .... 1,795.44 Total First Mortgage Loans $275,062.63 Share Loans 1,600.00 Investment Securities: Stock in Federal Home Loan Bank— 3,200.00 Cash on Hand. 343.06 Furniture, Fixtures and Equipment (less depreciation) 134.45 Current Operating Expenses 797.84 Total Assets $281,137.98 Liabilities Total Private Shares (private invest ments) 5188,653.81 H. O. L. C. Investment 53,000.00 Advances from Federal Home Loan Bank —— 20,250.00 Loans in Process 1,028.87 Specific Reserves: Uncollected Interest ..... 1,795.44 General Reserves: Federal Insurance 946.69 Contingencies 3,372.36 Bonus on Shares 43.64 Undivided Profits 7,147.03 Current Income (total) 4,900.14 Total Liabilities $281,137.98 Each Investment Insured up to $5,000.00 TRYON FEDERAL SAVINGS & LOAN ASSOCIATION
The Tryon Daily Bulletin (Tryon, N.C.)
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Oct. 2, 1940, edition 1
2
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