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Files Bank Receiver Hogan Quarterly Report Taxed of Valued County at 22 Million Property REPORT COVERS
PERIOD ENDING DECEMBER
On Hand At That Date
Andrew. superintendent banking of the State of Iowa and for the Hogan State Bank of Corning. filed in the county clerk's office last Thursday complete and detailed report covering the business of the Hogan State Bank under the including December The first page of his report petition the court for the allowance of $115.50 Stanley Stanley for legal services rendered. The court immediately signed an order allowing this account. Schedule of the report shows talled list of the bills receivable paid to the bank during the period covered the report. When the bank closed the bills receivable amounted to $188.862.94, and up to January first in principal and $624.89 interest has been paid, leaving balance due bills receivable $172,078.55. Schedule, of the report shows that principal and $174.28 in interest held as collateral to bills payable Hogan of the Farmers' Savings Bank, and corresponding reduction been made in the amount Schedule A-2 shows that principal amounting to and interest have bills held collateral to bills by the Farmers' Bank and that the overdrafts when the bank went into the receivership and that up to January of this amount has been leaving balance in overdrafts of $46.79. Schedule of the report shows that remained the assets of the receivership cash items in the of $634.95 and that since the date of ventory cash items returned amounted making the cash items now total $1,644.14. Schedule C-1 shows that $301.61 of the cash Items have been paid in cash, leaving the balance cash items on hand January Schedule D shows that among the liabilities of the receivership of bills payable to Hogan in the amount there has been paid in principal $3,542.44 and terest leaving balance owing bills payable to Mr. Hogan Also. among the liabilities the ceivership balance of bills to the Farmers Savings payable of Massena. The report shows Bank that $6,350.64 in principal and $220.91 in interest has been paid on this count. leaving the balance owing bills payable to the Farmers' Savings Bank $8,228.45. of the shows that Schedule report $1,020.08 has been collected total of interest bills receivable. Schedule on detailed list of the rent items gives received up to January first, total of $112. These are various items paid by of rented by the bank. occupants rooms to M inclusive give in Schedules the transfer of funds in various detail banks to the Iowa banks correspondent in which the receivership deposits of the above cash money. A summary given as follows: receipts Bills receivable bills receivable Interest on 585.47 Overdrafts 301.61 Cash Items balances 95 Interest on bank 112.00 Rents Items transit $19,095.85 Total of the report The next department and gives one considerable the various disbursements or in detail of the receivership from the expenses time the bank closed. up to January first. These items in detail are lows: Ernst, expense Ernst, mileage 14.64 American Surity Co., premium bond of Andrew, and examiner in charge 100.00 Hauge, premium on bond of examiner charge 25.00 salary Rodine. 38.70 expense Mason, expense 10.80 salary 11-4-30 92.00 Oberg Motor Co., car expense 16.17 Farmers' Co-Op., coal 32.91 Don Carlos abstract Andrew, expense 8.59 Bell Telephone Company 1.75 Mason. expense 29.15 Rodine, expense 7.33 Rodine, car expense 14.64 Mason, December salary 175.00 Bauer, days salary 68.00 expense 24.25 Mason, money advanced for car license and transfer fee 15.50 Oberg Motor new tires and car expense 64.44 Farmers' coal Total the items marked expense and charged Rodine, and Andrew are expenses by these business connection with the The report also shows the receivership has advanced items the amount in order conserve the assets of the receivership. These are items repair on building and paid the Federal Land Bank Omaha. The report also shows that through the purchased under authority court order recapitulation to the cash receipts is shown follows: and Cash on hand inventory Drovers National Bank. Chi719.45 cago Omaha National Joseph Stock Yards Bank 165.17 Total $8,881.12 Cash paid in as noted in above report $19,095.85 recapitulation of the disbursements is shown as follows: Expense of receivership Advance conserve assets 632.05 Personal purchased 350.00 property Cash returned 1,009.19 Total disbursements Deducting the total disbursements the amount of $27,976.97 leaves from balance on hand December of money is 1930, tributed as follows: $9,995.73 deposited the Des Moines National Bank $15,000.00 in CommerDes cial National Bank at Waterloo: the Omaha National Bank; cents in was in cash and in charge and of the examiner. A General Statement of the Receivership as of December 31, 1930, follows: Assets
Bills Receivable $162,185.47 Overdrafts 46.79 Bank Building 7,500.00 Cash Items 1,342.53 2.50 Items in Transit Des Moines Nat. M., Iowa 9,995.73 Commercial National Bank, 15,000.00 Examiner in Charge 10.63 Expense Advances to Conserve Assets 632.03 Omaha Nat. Bank, Omaha. Nebraska 350.00 Personal Property Total Assets Liabilities Capital and Surplus 158,802.56 Deposit Liability
