Statement of Condition—July 1, 1940
 

TRUSTEES
 

ASSETS
 

Cash on Hand and in Banks..
 

United States Government Bonds-
 

Bonds of States, Counties and Cities...

Railroad Bonds .........................................................

Public Utility Bonds...
 

$ 7,594,813.95
91,830,386.71

4,883,760.62
14,421,836.88

9,154,653.41
 

The  above  bonds  are   at  investment

value, less reserve
First Mortgages on Real Estate, less Reserve
Investment in Savings Banks Trust Company

and Institutional Securities Corporation

Banking House ..................................................................

Other Real Estate...............................................................

Accrued Interest ...............................................................
 

Other  Assets,  less  Reserve...
 

94,087,996.89

1,419,600.00
1,075,000.00
13,196,340.00
1,200,006.26
2,688,842.73

$241,553,237.45
 

LIABILITIES

Due 216,856 Depositors........................................___ $217,274,276.08

Due 13,164 Christmas Club Depositors..___           415,102.49

Other Liabilities ...............................................................           863,858.88

Surplus for  the  Protection  of Depositors

At  Investment  Value................................................      23,000,000.00

$241,553,237.45
 

LEWIS GAWTRY,   President
GEORGE E. ROOSEVELT,    1st  Vic
 

E. TOWNSEND IRVIN

Shearson,  Huiiiinill &  Company

GHERARDl DAVIS

Altortit-y

WILLIAM FELLOWES MORGAN
Director,  Chemical  Bank & Trust

KENNETH P. BUDD

William Iselin & Company
 

EDMUND P. ROGERS
 

2nd Vice-President

ion Trust Company of New York
 

nitice, Fulton Trust Company of New York
 

WALBRIDGE S. TAFT, Secretary of the Board

Cadwalader, Wickersham & Taft
 

WALTER S. GlFFORD

President, American Telephone
 

& Telegraph Company
 

PIERRE JAY

Chairman, Fidnciary Trii^^t Con
 

ipany of New York
 

WILLIAM SHIELDS

Director, Tho Fifth Avenue Ba
 

nk of Now York
 

ERNEST ISELIN,   3rd  Vice-Pr,
 

esident
 

The Oldest Mutual Savings Bank in the State of New York
 

S. SLOAN COLT

President,  Bankers Trust Company

CLEVELAND E. DODGE
Vice-President,   Phelps   Dodge   Corporation

PERCY S. VERMILYA

President, Vermilya-Brown Company, Inc

HENRY S. MORGAN

Morgan Stanley &  Company,  Inc.

W. PALEN CONWAY

President, Guaranty Trust Company of Ne>