The "City Bank" was chartered by the New York Legislature in 1812, and reorganized as a National Bank July 17, 1865. The capital paid in was $1,000,000. Moses Taylor held the office of president for thirty-four years, and died in 1892, when Percy R. Pyne, son-in-law of Moses Taylor, was elected president and held office until the election of James Stillman, of Woodward & Stillman, cotton merchants, when the capital stock of the bank was increased to $10,000,000, and again increased to $25,000,000. The sworn report of the officers and directors filed with the Controller of the Currency shows that the condition of the bank, January, 1904, was: RESOURCES Loans and discounts $114,507,919.20 Overdrafts secured and unsecured 162.90 United States bonds to secure circulation 3,220,000.00 United States bonds to secure United States deposits 12,937,000.00 United States bonds on hand 60,120.00 United States bond account 4,450,000.00 Premiums on United States bonds 1,354,013.00 Stocks, securities, etc. 16,709,241.62 Banking-house furniture and fixtures 200,000.00 Due from national banks (not reserve agents) 4,727,461.12 Due from State banks and bankers 644,288.80 Exchange for clearing-house 31,000,935.34 Checks and other cash items 798,843.22 Notes of other national banks 209,015.00 Fractional paper currency, nickels, and cents 684.63 Lawful money reserve in bank, viz.: Specie $36,928,350.00 Legal tender notes 7,100,000.00 44,028,350.00 Redemption fund with U. S. Treasurer (5% of circulation) 161,000.00 Due from U. S. Treasurer other than 5% redemption fund 204,105.95 Total $235,213,140.78 LIABILITIES