1931-07-20 — Page 8

THE CHINA MAIL

CALL AND INSPECT.

THE NEW PORTABLE

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THE HIGH WAYS TO FAME

Tork was established in 1912,

THE National City Bank of New

and began business on June 12 of that year at 52, Wall Street, New York. Founded as a successor to Alexander Hamilton's First Bank of the Un.ced States, It was origin ally known as The City Bank. Its first president was Samuel Osgood, a member of George Washington's Cabinet, the first Postmaster Gen- eral of the U.S. and the first Com. missioner of the U.S. Freasury. It has long been one of America's lead- ing banks, and its growth Is 'identi- fed with the growth of that coun- try. From capital of US$1,000,000, deposits US$4,933,000 and total resources US$6,986,000 in 1870, it has grown to its December 1930 proportions of capital US$110,000,- Oue, deposits US$1,460,031,000, and total resources. US$1,944,245,000.

Record Year, These 1930, figures were the largest in the history of the bank with the exception of the record year of 1929, in which year the deposits of the bank were exceeded by only two commercial banks in the world, The

Banque National de la Repub- D'Haiti(Branches

scriptions to several Liberty Loana lique

in amounted to over a hundred million

Haiti).

dollars. It was appointed Trustee The National City Safe Deposit in connection with the British Gov. ernment's frat, secured loan of Co.

US$250,000,000 in the United The most important recent do- States, and the London office, yas velopment in the bank's growth was appointed bankors in London of the

of the City Bank United States Navy. the formation

The bank's entrance into Hong Farmers Trust Co. in 1929 by the

Way made taking over of the Farmers Loun Kong business circles & Trust Co. The bank took over, through the International Banking the commercial business of the Corporation. The latter Corpora- latter institution, and to carry on tion began business in Hong Kong cus- in 1902 and carried on til The its other business (trusts, todianships, wills etc.), formed the. National City Bank of New York The decided to do business under its own City Bank Farmers Trust Co. Farmers Loan & Trust Co. was the naine in Hong Kong at the begin- oldest Trust Company in America, ning of 1927. However, the Inter- being founded in 1822. Its rela- national Banking Corporation had tions with The National City Bank at that time already been the pro- of New York had always been close, perty of The National City Bank of one institution having New York for more than ten years. officers of been at various times directors of The International Banking Corpora- the other. The Trust Company tion is yet locally represented in took an important part in, financing Hong Kong in the offices of The

Its accepted sub- National City Bank of New York. the world war.

ΟΙ

MTAL SURPLUS"

EXONVIDEO 20ONES

dland Bank and Lloyd's Bank. Registered shareholders in the bunk numbered 68,491 at the end of 1930. During the depressed times prevail ing last year, The National City Bank felt that its usual policy of

-high-degree maintaining "va

quidity should be pushed even fur- ther. Consequently, ut a constant sterifive of interest rate, the bank maintained for the year an average aggregate of cash, street call loans, bills eligible for immediate discount, and bonds eligible for borrowing at the Federal Reserve Bank, amount- ing to over 67 per cent.of net slemand and thrift deposits at Head Office and domestic branches, Branches.

Abroad equal attention was given to the maintenance of liquidity in Foreign branches. The bank has added new branches from time to time until it now has 62 branches in New York City alone and about 00 in other countries.

The branches of the National City Bunk of New York (France) S.A. looks after the bank'a clients in France. The bank also has the following affiliates:---

City Bank Farmers Trust Co. (New York and London).

International Banking Corpora- tion, Braiches in San Francisco, London, Madrid and Barcelona).

The National. City Company (Branches in the principal clties of the U.S. and Canada).

TOTAL RESOURCES —— DEPORTS

שן

170 1875 100 105.1890 1895 1900 1905 1910

MONDAY, JULY 20, 1931.

SUNDSTRAND ADDING AND

· FIGURING MACHINES.

FAST, SIMPLE, DURABLE AND ACCURATE.

SOLE AGENTS:-

DODWELL & CO., LTD.

2000.

1900

1800

1700

1600

1300-

ORIGINAL

1400

1300

1200

1100

1000

900

IAN

700

1715 1920 1925 1930

600

8 8 8 8 8 8 8 8 8 8

500

400

300

200

100

Development of the National City Bank's Resources During the Past 58 Years.

MILLIONS DOLLARS.

Ꮎ

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