Condition of Virginia Banks.
Farmers' Bank of Virginia, January 23, 1861.
To His Excellency John Letcher, Governor of Virginia:
Sir:
I have the honor to transmit here with a statement of the condition of the Farmers' Bank of Virginia, and its Branches, as it appeared on the 1st day of January, 1861, together with a comparative statement of its condition on the 1st January, 1860, and the 1st, 1861.
To His Excellency John Letcher, Governor of Virginia:
Sir:
1860. | 1861. | |
Debt outstanding | $6,027,315.59 | $5,764,680.74 |
Sterling bills | 4,319.66 | 5,575.84 |
Stocks | 41,426.76 | 41,728.51 |
specie | 548,812.90 | 416,120.40 |
Notes of other Banks in Virginia | 305,462.54 | 583,276.20 |
Notes of Banks out of the State | 21,518.96 | 9,987.00 |
due by other Banks | 542,494.72 | 308,730.62 |
Real Estate | 190,812.79 | 193,606.46 |
loan to Commonwealth | 000.00 | 000.00 |
in transit between Bank and Branches | 000.00 | 7,074.53 |
$7,771,693.92 | $7,330,670.30 | |
Capital stock | $3,150,900.00 | $3,150,900.00 |
Circulation | 1,769,872.00 | 1,532,578.00 |
Deposits | 2,227,543.28 | 1,931,138.51 |
due to other Banks | 130,358.17 | 240,855.56 |
surplus and Contingent Fund | 334,010.09 | 337,067.05 |
Profits of the Institution. | 145,813.47 | 138,101.18 |
in transits between Bank and Branches | 14,164.91 | 000.00 |
$7,771,693.92 | $7,330,670.30 |
1st January.--Capital | $3,150,900.00 |
1st January--Stocks used as capital | 41,728.51 |
Bills Discounted: | |
1st January.--Payable at Bank and Branches | 4,618,091.40 |
1st November.--Foreign bills of exchange payable out of the State | 1,150,009.74 |
1st December.--Foreign bills of exchange payable out of the State | 990,075.40 |
1st January.--Foreign bills of exchange payable out of the State | 896,854.55 |
1st November.--Domestic bills of exchange payable in the State | 238,484.85 |
1st December.--Domestic bills of exchange payable in the State | 262,467.30 |
1st January.--Domestic bills, of exchange payable in the State | 249,734.79 |
1st January.--Bad debts | 70,773.96 |
1st January.--Doubtful debts | 45,437.34 |
1st November.--Specie | 384,501.12 |
1st December.--Specie | 349,534.27 |
1st January.--Specie | 416,120.40 |
Denomination of Notes issued: | |
Small bills | 2,822.00 |
1's and 2's | 16,431.00 |
5's | 114,415.00 |
6's, 7's, 8's and 9's | 25,126.00 |
10's | 285,950.00 |
20's | 548,430.00 |
30's | 33,290.00 |
50's | 368,135.00 |
100's | 167,950.00 |
Bank of Potomac | 3,386.00 |
1,601,935.00 | |
On hand | 69,357.00 |
In circulation | $1,532,578.00 |
1st November--Circulation | 1,379,994.00 |
1st December--Circulation | 1,454,006.00 |
1st January--Circulation | 1,533,578.00 |
Notes of other Banks: | |
1st January--In the State | 583,276.20 |
1st January--Out of the State | 9,987.00 |
1st January--Value of Real Estate | 193,696.46 |
Dealings in Exchange — Amount purchased | 2,850,984.14 |
Amount sold | 3,072,086.77 |
Net premiums realized | 2,427.28 |
1st January--Contingent fund | 337,087.05 |
1st November--Deposits | 1,590,922.16 |
1st December--Deposits | 1,421,722.22 |
1st January--Deposits | 1,931,138.51 |
1st November--Loans to Directors | 115,792.91 |
1st December--Loans to Directors | 116,214.93 |
1st January--Loans to Directors | 130,068.93 |
Dividend declared January, 1861 | 110,281.50 |
Or 3 ½ per cent. net. | |
1st November.--Aggregate debt due by the Bank | 3,302,758.48 |
1st December.--Aggregate debt due by the Bank | 3,217,225.40 |
1st January.--Aggregate debt due by the Bank | 3,831,843.53 |
1st November.--Aggregate outstanding debts due to the Bank | 5,937,510.52 |
1st December.--Aggregate outstanding debts due to the Bank | 5,870,859.33 |
1st January.--Aggregate outstanding debts due to the Bank | 6,273,670.44 |
Wm. H. Macfarland,
R. O. Haskins,
Jas. Dunlop,
John E. Wardsworth,
James J. Waggoner,
Wm. C. Allen,
S. C. Robinson,
R. O. Haskins,
Jas. Dunlop,
John E. Wardsworth,
James J. Waggoner,
Wm. C. Allen,
S. C. Robinson,
Exchange Bank,
I enclose a statement of the condition of this Bank on the 31st December, 1860. I have the honor to be, very respectfully, &c., G. W. Camp, Cashier.
1859. | 1860. | |
local Loans, &c., outstanding | $5,377,248.47 | $5,257,662.94 |
Sterling Bills | 7,242.77 | 21,999.08 |
Stocks, &c | 76,811.56 | 90,936.56 |
specie | 412,740.21 | 372,511.96 |
Notes of other Banks in Virginia | 166,819.78 | 431,758.89 |
Notes of Banks out of the State | 17,092.38 | 13,402.21 |
due by other Banks | 422,039.84 | 168,662.23 |
Real Estate | 174,278.21 | 179,381.12 |
$6,654,273.22 | $6,536,314.99 | |
Capital stock | $3,088,600.00 | $3,137,100.00 |
Circulation | 1,425,757.50 | 1,235,633.50 |
Deposits | 1,618,332.49 | 1,689,635.46 |
due to other Banks | 159,720.00 | 122,638.38 |
Contingent Fund | 205,047.67 | 191,584.24 |
Profits of the institution | 154,585.01 | 150,586.05 |
in transits, Bank and Branches | 2,221.52 | 9,137.36 |
$6,654,273.22 | $6,536,314.99 |
Capital | $3,137,100.00 | ||
Stock used as capital | 90,936.56 | ||
Bills Discounted, &c. | |||
Payable at Bank and Branches | 3,768,488.57 | ||
Inland and Foreign Bills of Exchange* | 1,507,903.90 | ||
Bad debts | 00.00 | ||
Doubtful doubts | 4,800.00 | ||
Specie | 372,511.96 | ||
Denomination of Notes Issued: | |||
One's and Two's | $1,338 | ||
Five's | 263,035 | ||
Six's, Seven's, Eight's, Nine's | 1,347 | ||
Ten's | 442,265 | ||
Fifteen's | 23,340 | ||
Twenties' | 891,440 | ||
Fifties' | 525,125 | ||
One Hundred's | 572,100 | ||
2,719,990.00 | |||
Circulation | $1,235,633.50 | ||
Notes of Other Banks: | |||
In the State | 431,758.80 | ||
Out of the State | 13,402.21 | ||
Value of Real Estate | 179,381.12 | ||
Dealings in Exchange, since Sept. 30: | |||
Purchased | $1,612,767.67 | ||
Sold | 1,958,917.95 | ||
Premium realized | 8,396.63 | ||
Contingent Fund | 191,584.24 | ||
Deposits | 1,689,635.46 | ||
Loans to Directors | 96,836.54 | ||
Dividends unclaimed | 1,750.00 | ||
Aggregate debt due by the Bank | 3,047,997.34 | ||
Aggregate of debt due to the Bank | 5,984,421.91 | ||
Oct. 1. | Nov. 1. | Dec. 1. | |
Inland and foreign Bills of Exchange | $1,484,793.05 | $1,464,514.70 | $1,468,143.61 |
Specie | 356,268.49 | 327,044.38 | 318,918.86 |
Circulation | 1,801,239.00 | 1,236,900.50 | 1,213,158.00 |
Deposits | 1, 186,849.38 | 1,078,362.48 | 1,287,950.91 |
Loans to Directors | 94,635.43 | 96,400.53 | 99,473.66 |
Aggregate debt due by the Bank | 2,663,689.89 | 2,522,115.56 | 2,715,185.18 |
Aggregate of debts due to the Bank | 5,542,872.72 | 5,429,517.93 | 5,616,325.10 |
W. H. Sharp, President,
Richard Dickson,
James Cornick,
Wm. S. Camp,
Chas. H. Shield,
Samuel H. Hodges,
Richard Dickson,
James Cornick,
Wm. S. Camp,
Chas. H. Shield,
Samuel H. Hodges,
State of Virginia, City of Norfolk, to wit: G. W. Camp, Cashier of the Exchange Bank of Virginia, this day personally appeared before me, a Justice of the Peace of the city aforesaid, and made oath that the above 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 24th day of January, 1861.
R. H. Stevens, J. P.