The Bank And the Treasury; Bank Capitalization And the Problem of Elasticity

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Banking activities are represented in its current assets acquired and the current liabilities incurred in banking operation. To concretely exhibit this class of financial results, reference will again be made to the summary for the State of Iowa above used in the statement of capital accounts.
Current Assets (Less $000,00) — Acquired in the Course oj Banking Operations I. — Due from Banks and Bankers: (i) Due from National Banks $2,698,877 (2) Due from State Banks... 1,058,726 (3) Clearing-Hous
...e exchanges 141,352 13,898,955 II. — Commercial assets : (i) Loans and discount $62,159,426 (2) Overdrafts 1,121,025 Total $63,280,451 Less notes rediscounted.. 105,267 Net commercial assets 63,175,184 III. — Miscellaneous : (i) Revenue stamps 1,020 Total current assets $67,075,159 A POINT NOT COVERED BY THE BANK ACT 101 Accounts Representing Banking Operations Current Liabilities {Less $000,00) — Incurred in Banking Operations I. — Due to Banks and Bankers : (i) Due to National Banks..

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