DISCOUNT   CORPORATION    OF   NEW   YORK

Statement of Condition, December 30, 1922

ASSETS
Acceptances:

On Hand                                                                   $3,308,071.94
Pledged as Collateral for Loans                                       246,772.16

Sold under Re-purcliase Agreements                                16,670,467.61

Acceptots' Liability on Endorsed Bills Sold                      58,676,377.34     $78,901,689.05

United States Certificates of Indebtedness
and Treasury Notes at par:

On Hand                                                                        855,650.00

Pledged as CoIIateral for Loans                                    7,365,000.00

Sold under Re-purchase Agreements                                39,650,000.00        47,870,650.00

United States Liberty Loan Bonds-Par Value $1,272,950.

($1,209,200. pledged) bought under Agreement of Re-sale                                    1,236,903.61
Premium on United States Certificates of

Indebtedness and Treasury Notes, at Market Bid Prices                             176,785.68
Deposit with New York State Banking Department-

New York State Bond, Par Value $1,000., at Cost                                           985.00

Interest Receivable Accrued                                                                            307,535.23

Interest and Expenses Paid in Advance                                                          33,844.98

Cash in Banks and on Hand                                                                      1,618,482.61

$130,146,876.16
 

LIABILITIES

Capital Stock:

Authorized and Issued-SO.OOO Shares of $100., each                                     $5,000,000.00

Surplus                                                                                                            1,000,000.00

Undivided Proíĩts:

Balance as at December 31, 1921                                $1,009,626.71

Add Net Profit for Year ended December 30, 1922              548,428.24

.    .                                       1,558,054.95

Less Dividends         V'^' ' ^"                                           300,000.00         1,258,054.95

\'> V>^                                                                   7,258,054.95

Unearned Discount                                                                                          157,699.28

Reserve for Taxes - Estimated                                                                            24,297.98

Interest Payable and Expenses Accrued                                                          25,293.70

Loans Payable:

Secured by Acceptances                                                             100,000.00

Secured by United States Certiíicates of Indebtedness

and Treasury Notes                                                          6,500,000.00

Secured by Liberty Bonds                                                       1,000,000.00           7,600,000.00

Re-purchase Agreements, per contra:

Acceptances                                                                16,670,467.61

United States Certificates of Indebtedness and

TreasuryNotes                                                       39,650,000.00       56,320,467.61

Due to Banks and Customers                                                                            9,685.30

Acceptances Re-discounted and Sold with endorsement, per contra:      58,676,377.34
Dividend Payable January 2, 1923                                                                   75,000.00

$130,146,876.16

We kaee made an examinaiion of ihe affairs of iht Discoant Corporalion of New Yor^, as                       -------------------------------

at ihe close of business on Decemher 30, 1922, and herehy certify ihaU in our opinion. ike foregoing
Sialement of Condition correclly represenis ikefinancial position of Ihe Corporaiion as ai ihat date                            i

and is in accordance wilh ihe iooks.                                                                                                                    "■

MARmCK. MITCHELL & CO.. 40 Exchange Place, New York-                                    ■