Unpaid dividends $ 782.00 Reserved for payment of taxes due 10,000.00 Undivided profits 85,228.57 Capital stock 500,000.00 Surplus fund 250,000.00 Cash items (checks to be presented for settlement in next day's exchanges) 280,347.43 Loans and discounts 2,782,713.15 U. S. legal tender notes and notes of national banks 435,296.00 Specie 278,304.48 Deposits 4,057,934.61 Overdrafts (checks paid in excess of deposits) 2,842.10 Due from banks and bankers 370,142.02 Real estate 43,900.00 Mortgage owned 1,000.00 Bonds 709,400.00 12. Classify the following items as resources or liabilities of a national bank and give reasons for your classification of the 1st, 4th, 6th, and 7th: (1) Capital stock, $50,000; (2) Real estate, furniture, fixtures, etc., $15,046.14; (3) Cash, $69,343.34; (4) Surplus and net undivided profits, $19,257.43; (5) United States bonds, $108,951.50; (6) Loans and discounts, $242,546.36; (7) Deposits, $301,679.91; (8) Circulation (i.e., notes outstanding), $64,950. Prove that your classification is correct by balancing the account. Then show the changes made in the account by the following transaction: The bank loans $25,000.00 for 90 days at 6 per cent. interest, and the borrower draws out one-half the amount, with which he is credited after the bank has made the proper deduction for interest. 13. The week's averages of the New York banks for the third week in May compare as follows in 1905 and 1904: 1905. 1904. Loans $1,120,426,800 $1,056,553,500 Deposits 1,165,151,700 1,100,586,100 Circulation 45,308,300 36,480,400 Specie 215,174,200 210,002,800 Legal tenders 84,333,700 78,143,000 Explain why loans and deposits in the above table show practically the same increase from 1904 to 1905. 14. How would the balance sheet of a commercial bank issuing an ordinary asset bank-note currency stand after the following operations?