The closing of the American Orient-at Banking Corporation has brought about a tense situation in the local Russian community. It is said that the approximate amount of money Jdeposited by Russian residents is over 000,000. "Almost all Russian merchants had their accounts in the American Oriental Bank, while hun-Greds of others kept their savings there.
The majority of deposits made by Hussians were very small, ranging, from $50 to $500, but the fact that, they represented the only savings of hundreds of people whose monthly shal Loans and Discounts 2.550.430 Stocks and Bonds. 3.16190 Furniture and Poxtsires 33016821 Customers" "Lisbility. wider Customers "Accepiances "11887 90 Accrued Interest. and, AE:
121,905.00 Bills 'Received for Colieciion Ga0.08784 Other Assets cuon '204 Purchased Sight' and Inder LIC sas nae zaroaiers Cash on hand snd in Banke 2.117,002.40 Cash "Reserve "Against Cir= ulation been completely written off, although they may not be a total loss. The, Common action was part of a general writing: Common "B™ Sh. $1280,000 1,250,00.00 Surplus Account U'S. $900,000 "60.565 22 down policy including these invest-Surplus Account 1,230,000 ments, to assist which the last annual Undivided Profits or308 38 meeting of the Asia Life decided to, Reserve for Tox, Dividends, omit final stockholders' dividends for the year.
Deposits aisaes7 Asia Life's Positi Sen cries yates auks Liabiliiy winder 1/6.) 1a244st03 Drafts {a "Transit 2 "The position of the Asia Life is that, on December 31, 1934, it had cere Inierest id "Ae: counts Payable Bills Received. for $5,500,000 policy-holders' reserves, $589,000 capital, and surplus. funds, Other Lisbitities (Contra) including special reserves, of $471,000.
Since the beginning of the year, estimate the company has earned about $100,000, so that the surplus, Underwriters Savings Bank had nothing beet writing of, would A minor run which started on the be $571,000. To write off the Raven Underwriters Savings Bank on the group, items has required $270,000, Bund on Friday morning has subsidy Feducing assets 3% per cent, Thus ed, and the situation at the bank was, the surplus funds now stand at $300,- more or less normal on Saturday. In 000. 'The capital is undisturbed and an advertisement inserted in. the the reserves have considerably in-'Chinese papers that day, the authori-creased since January 1, Policy-fies of the institution announced that holders' dividends will not be affec-the office hours have been extended Tess operating ted,.as the entire write-off represents from 9 am. to 4 pin. on week days, and from 9am. to 1230 pin, on Saturdays
Text read from the printed page and cleaned; old type leaves the occasional error.