THE NEW YORK CENTRAL RAILROAD COMPANY

Condensed General Balance Sheet
December 31, 1944 and 1943

ASSETS

INVESTMENTS:                                                                                                                                         1944                        1943

Road........................     $  705,299,039        $  701,165,869

Equipment......................          438,442,807            434,803,653

Improvements on Leased Property..............           126,200,959             125,118,512

Acquisition Adjustment..................     Cr.      402,466                            —

Donations and Grants..................     Cr.   7,716,187        Cr.   7,206,592

Sinking Funds, etc....................                   76,771                   163,216

Miscellaneous Physical Property...............            52,804,270               51,969,689

Affiliated Companies: (Stocks, Bonds, Notes, AND Advances)......          403,376,192             405,519,761

Other Investments: (Stocks, Bonds, Notes, and Advances).......            47,350,868               47,004,958
 

Total.....................$1,765,432,253        $1,758,539,066
 

CURRENT ASSETS:

Cash, Special Deposits, and Temporary Investments.........     $   196,609,408         $   210,344,673

Material and Supplies..................            41,128,079               38,728,982

Other Current Assets..................            39,386,834               40,742,351
 

Total.....................$  lll,nA,21\        $  289,816,006
 

DEFERRED ASSETS AND UNADJUSTED DEBITS..........$    24,849,141        $    54,076,196
 

$2,067,405,715        $2,102,431,268
 

LIABILITIES

Capital Stock, Outstanding (6,447,413 Shares Without Par Value).......$   562,332,486        $   562,332,642

Mortgage Bonds.....................          501,815,000              501,951,000

Debenture Bonds.....................              5,500,000                 5,500,000

Convertible and Other Secured Bonds..............                          —               37,237,200

Equipment Trust Obligations.................            53,640,121                46,651,561

Amounts Payable to Affiliated Companies*.............            51,764,251                56,500,936

Current Liabilities....................           158,133,164              182,703,185

Deferred Liabilities and Other Unadjusted and Miscellaneous Credits ....          153,884,723              175,229,525

Depreciation and Other Reserves................          295,561,980              272,198,579

Unearned Surplus.....................                     5,814                        2,978

Appropriated Surplus....................              8,384,023                  8,636,734

Earned Surplus**.....................          276,384,153              253,486,928
 

$2,067,405,715        $2,102,431,268
 

*Comprises liability to lessor companies for which the New York Central is obligated to make settlement on expiration of the leases.
**Includes $29,405,935 transferred from earned surplus accounts of companies consolidated January 1, 1915.
This balance sheet does not include the assets or liabilities of lessor, affiliated, terminal or other companies, nor the liability of The
New York Central Railroad Company as guarantor or under leases or otherwise with respect to the securities or obligations of
other companies.