Newspapers / The Tryon Daily Bulletin … / April 2, 1941, edition 1 / Page 2
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Monthly Report to the Board of Directors of the Tryon Federal Savings & Loan Ass’n. Tryon, North Carolina For the Month Ended, March 31st, 1941 Assets FIRST MORTGAGE LOANS: Direct reduction loans.—, $302,377.22 Loans secured by shares .... 1,050.00 INVESTMENT SECURITIES: Stock in F. H. L. B 3,200.00 Cash on hand and in banks 503.16 Furniture, Fixtures and Equipment... 125.60 Current operating expense 1,678.59 TOTAL ASSETS - - $308,934.57 Liabilities Total private shares ... ....$233,407,70 Home Owner’s Loan Corporation Investment —1 .... 51,500.00 Accounts payable 163.69 Loans in process ....- 4,282.84 Specific Reserves: Uncollected interest ... .... 585.36 General Reserves: Federal insurance .... 1,160.95 Contingencies ..... 5,000.00 Bonus on shares .... 55.46 Undivided profits ......:. 8,143.32 Current income (total) .... 4,635.25 TOTAL LIABILITIES ....$308,934.57 TRYON FEDERAL SAVINGS & LOAN ASSOCIATION
The Tryon Daily Bulletin (Tryon, N.C.)
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April 2, 1941, edition 1
2
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