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THOMSON'S MANUAL
FEDERAL LAND BANK
ADDRESS: Spokane, Wash.
HISTORY: Chartered under Federal Farm Loan Act, in 1917. In 1925, owing
to agricultural depression, it was necessary for 11 other Farm Loan banks to advance
Spokane bank $4,495,930 to carry lands taken under foreclosures, accepting
participation certificates therefor. On March 31, 1930, total certificates still outstanding
were $2,799,850. Against this the Spokane bank held title to real estate
valued at $3,200,645, which when liquidated will be applied against outstanding
participation certificates.
OFFICERS: BE. M. Ehrhardt, Pres.; W. S. McCormick, Vice Pres.; O. H. Junod.
Treas.; Henry Mathew, Secy.; W. K. Newcomb, Secy.
DIRECTORS: R. E. Shepard, Jerome, Idaho; E. M. Everhardt, Spokane, Wash.;
W. S. McCormick, Kalispell, Mont.; B. D. Thompson, Granger, Wash. E. E. Dent,
Jefferson, Ore.; A. S. Goss, Seattle, Wash.
CAPITAL: As of March 31, 1930: Authorized, $6,000,000; outstanding, $5,206.542
Par Value, $5.00.
DIVIDENDS: 1918, 10% 1919 to 1922, incl, 6%; 1923 and 1924, 3%.
STOCK REGISTRAR: E. M. Watson, Spokane, Wash.
Number of Stockholders: 32,237.
INCOME ACCOUNT, Years Ending Dec. 31
1929 1928
F 462,155 $5,474,061
.928,655 5,041,474
reeeeeeeeeeneeeed 33,5600 $ 433,587
BALANCE SHEET, As of March 31, 1930
ASSETS LIABILITIES
Unmatured Loan Bonds.......$ 95,342,600
3onds Matured ..occooooomemnionane 1,850
Joupons Matured -....ooccicienens 41,053
Jue BOTTOWErS wocuececcemmucmmamnnen 35,858
\ccounts Payable o.oo... 382,851
Accrued Interest coocceoomaceeee. 1,944,354
vdvance Loan Payments... 77,873
JDther Liabilities .cococmoeaaaeees 162,898
Participation Certificates...... 2,799,850
Deferred Income ....ocooceoceeeeeen 501,888
Capital StoCK eccrine 5,206,542
Mndivided Profits ccococeemeeees 997
TOTAT, LTARILITIES ee3106,498.626
Gross Earnings .oececcceeccmeccomcnecrmsnsennasanees
Interest, Expense, Taxes, etCuom....
Net Profits coe ocaas
Mortgage Loans c.eeceeeeeee.$ 93,722,469
U. S. Gov. Securities.......c..c..... 506,297
Bonds of Other Banks............ 13,000
Other Securities eocccceoececciuene.-. 050,000
CABIN .coenn arr ammommmmpmmmme gS SS SoHE SY 111,144
Accounts Receivable ............ 508,81-Notes
Receivable .ooceeeeenceeee “83,117
Delinquent Installments .... 01,49!
Accrued Interest 1.90¢
Real Estate .. Th
Judgments ...........
Banking House .....
fixtures ooo eee.
Deferred Assets ......
Jther Assets ..... 3
TOTAL ASSETS a .8106.498.620
FINANCE SERVICE CORPORATION
GENERAL OFFICE: Colman Bldg. Seattle, Wash.
HISTORY: Incorporated under laws of Washington. Oct. 1926, with $49.000 capital;
increased to $99,000 in 1929..
BUSINESS: Dealers in commercial paper trade acceptances. notes and conditional
sale contracts. .
OFFICERS: H. W. Heritage, Pres.; K. E. Ratcliffe, Secy.
TRUSTEES: H. W. Heritage, K. E. Ratcliffe. W. C. Grabau, R. L. Saunders. C. 1
Gere, all of Seattle, Wash,
GENERAL COUNSEL: Clarence L. Gere, Seattle, Wash.
GENERAL AUDITORS: A. P. Cloes & Co., Seattle, Wash.
Fiscal Year Ends: Dec. 31. Annual Meeting: 1st Tuesday in January.
CAPITALIZATION, As of May 1, 1930
Par Value Authorized Outstanding
1. 7% Cum. Pref. Stocco reece. $100 $89,000 $75,000
2 Common Stock .. eeeeaneeee 8100 $10.000 $10.000
1. 7% CUMULATIVE
Provisions: Preferred as to dividends
and assets in case of liquidation.
Participates fully with common
stock in all earnings.
Voting Power: Non-voting unless dividends
in arrears two years.
Tax Status: Federal income tax up
to 29. paid bv company
PREFERRED STOCK
Dividends: 159% per annum paid
quarterly Jan., Apr, July, Oct. 1st.
1927, 1928, 1929.
Transfer Agent and Registrar: The
Company.
Public Offering by: The Company at
2100 per share. :
Number of Stockholders: 60.
