- Organized Apr 27, 1907
- Chartered May 18, 1907
- Opened for business May 27, 1907
- 2: Liquidated Jan 28, 1930
- 2: Succeeded by 13407 (Farmers & Merchants NB, Milbank, SD)
- 2: Circulation assumed by 13407 (Farmers & Merchants NB, Milbank, SD)
- 2: Receivership Dec 11, 1933
- Notation on Organization Report:
- Conversion of The Merchants Bank of Milbank
- Bankers Magazine Succession Info (1863-1909):
- Succeeded Merchants Bank
|
| Circulation Summary |
| Low Bal (1907) |
$7,500 |
| High Bal (1914) |
$12,500 |
| Total Out (1929) |
$12,500 |
|
|
| # Large Notes |
16,700 |
| # Small Notes |
180 |
| # Total Notes |
16,880 |
|
|
| $ Large Size |
$139,000 |
| $ Small Size |
$1,800 |
| $ Total Issued |
$140,800 |
|
| Report Date |
Total Resources |
Circulation |
| Aug-22-1907 |
$190,302.00 |
$7,500.00 |
| Sep-23-1908 |
$303,598.00 |
$10,000.00 |
| Sep-01-1909 |
$301,639.00 |
$9,520.00 |
| Sep-01-1910 |
$360,937.00 |
$10,000.00 |
| Sep-01-1911 |
$280,101.00 |
$9,990.00 |
| Sep-04-1912 |
$325,152.00 |
$10,000.00 |
| Aug-09-1913 |
$308,834.00 |
$10,000.00 |
| Sep-12-1914 |
$414,446.00 |
$12,500.00 |
| Sep-02-1915 |
$458,089.00 |
$11,900.00 |
| Sep-12-1916 |
$565,033.00 |
$12,500.00 |
| Sep-11-1917 |
$681,649.00 |
$12,500.00 |
| Aug-31-1918 |
$802,559.00 |
$12,500.00 |
| Sep-12-1919 |
$1,124,576.00 |
$12,500.00 |
| Sep-12-1920 |
$1,282,576.00 |
$12,100.00 |
| Sep-06-1921 |
$989,953.00 |
$12,300.00 |
| Sep-15-1922 |
$1,038,459.00 |
$12,500.00 |
| Sep-14-1923 |
$1,099,218.00 |
$12,300.00 |
| Oct-10-1924 |
$1,214,360.00 |
$12,500.00 |
| Sep-28-1925 |
$1,226,441.00 |
$12,300.00 |
| Dec-31-1926 |
$979,699.00 |
$12,500.00 |
| Oct-10-1927 |
$936,511.00 |
$12,100.00 |
| Dec-31-1928 |
$786,294.00 |
$12,500.00 |
| Dec-31-1929 |
$516,994.00 |
$12,500.00 |
|
