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Condition of Virginia Banks.


Farmers' Bank of Virginia, October 29, 1860.
His Excellency John Letcher,

Governor of Virginia:

Sir:
I herewith transmit a statement of the condition of the Farmers' Bank of Virginia, as it appeared on the 1st instant.

Very respectfully, your obedient servant,

J. A. Smith, Cashier.

Comparative State of the Farmers' Bank of Virginia including the Branches, on the 1st day of October, 1859, and the 1st day of October, 1860.

1859.1860.
debt outstanding,$5,948,375.55$5,749,149.20
Sterling Bids,13,962.335,375.84
Stocks,41,426.7641,728.21
Specie558,996.80
Notes of other Banks in Virginia,198,950.02257,309.43
Notes of Banks out of the State,15,332.9526,488.23
due by other Banks,133,918.39163,396.06
Real Estate,189,617.35192,683.41
loan to Commonwealth,44,300.0059,000.00
in transit between Bank and Branches,000.0083,072.39
$7,142,697.85$6,972,462.87
capital Stock,$3,150,900.00$3,150,900.00
Circulation,1,629,485.001,436,004.00
Deposits,1,735,159.481,66,266.31
due to other Banks,190,053.99354,345.05
Surplus and Contingent Fund,881,109.44344,203.78
Profits of the Institution,85,742.6589,743.73
in transit between Bank and Branches,19,247.29000.00
$7,142,697.85$6,972,452.87

Tabular statement--Farmers' Bank of Virginia,

Quarter Ending 1st Oct, 1860:

Capital:
1st August,$3,150,900.00
1st September,3,150,900.00
1st October,3,150,900.00
Stocks:
1st October,41,426.76
Bills Discounted:
1st October.--Payable at Bank and Branches4,384,496.47
1st August.--Foreign bills of exchange payable out of the State,1,034,809.46
1st September--Foreign bills of exchange payable out of the State,1,214,765.80
1st October--Foreign bills of exchange payable out of the State,1,092,305.07
1st August.--Domestic bills of exchange payable in the State,264,583.45
1st September.--Domestic bills of exchange payable in the State,259,078.93
1st October,--Domestic bills of exchange payable in the State,272,346.66
1st October,--Bad debts,68,307.90
1st October.--Doubtful debts,45,402.93
1st August.--Specie,475,19.33
1st September.--Specie,461,044.88
1st October.--Specie,453,259.80
Denomination of Notes issued:
Small bills--1's and 2 s,19,253.00
5's.114,270.00
6's. 7's, 8's and 9's,25,165.00
10's,273,250.00
20's,547,920.00
30's,3,640.00
50's,79,525.00
100's,175,450.00
$1,557,73.00
On hand at Bank and Branches,134,855.00
$1,432,618.00
Bank of Potomac,3,386.00
$1,436,004.00
1st August.--Circulation,$1,570,412.00
1st September.--Circulation,1,556,650.00
1st October.--Circulation,1,436,004.00
Notes of other Banks:
1st October.--In the State,257,309.00
1st October.--Out of the State,28,488.00
1st October.--Value of Real Estate,192,68.41
Dealings in Exchange — Am't purch'd,3,386,700.62
Amount sold,3,962,566.00
Premium realized,$7,335.98
1st October.--Contingent Fund,344,203.78
1st August.--Deposits,1,824,910.21
1st September.--Deposits,1,717,935.73
1st October.--Deposits,1,606,266.31
1st August.--Loans to Directors,122,65.10
1st September.--Loans to Directors,118,313.25
1st October.--Loans to Directors,137,03.57
Dividend declared July, 1860--am't,131,506.75
Or 3¼ per cent. net.
1st August.--Aggregate debt due by the Bank,3,811,522.44
1st September.--Aggregate debt due by the Bank,3,726,286.71
1st October.--Aggregate debt due by the Bank,3,624,429.78
1st August.--Aggregate of outstanding debts due to the Bank,6,130,782.09
1st September.--Aggregate of outstanding debts due to the Bank,6,188,587.86
1st October.--Aggregate of outstanding debts due to the Bank,6,039,849.88

The undersigned, Directors of the Farmers' Bank of Virginia, certify that the foregoing statement has been examined, and is believed to be correct. Wm. H. Macfarland,


State of Virginia, City of Richmond, to wit:

J. A. Smith, Cashier of the Farmers' Bank of Virginia, this day personally appeared before me, a Notary Public of the city aforesaid, and made oath that the annexed statement made out from the books of the Bank, and from the quarterly returns received from the branches, is correct to the best of his knowledge and belief.

Given under my hand this 29th day of October, 1860.

A. F.
Denny, N. P.

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