Fraternity-Testvériség, 1968 (46. évfolyam, 1-12. szám)

1968-04-01 / 4. szám

VIII.

STATEMENT OF LEDGER ASSETS December 31. 1967

Book Value

1-n. CASH AND BANK DEPOSITS:

I. Cash on Check Accounts:

a. United States .......................$ 32,576.15

b. Canada .................................... 71,038.56 $ 103,614.71

H. Savings Deposits........................... —0— $ 103,614.71

m. PETTY CASH..................................... 400.00

TV. BONDS: Par Value Book Value

a. United States bonds ...........-......$7,250,250.00 $7,141,263.33

b. Canadian bonds ........................... 80,000.00 74,287.45

$7,330,250.00 $7,215,550.78 7,215,550.78

V. LOANS:

a. Mortgages:

1. United States...-.......................$6,288,218.07

2. Canada...................................... 145,304.56 $6,433,522.63

b. Certificate Loans and Liens:

1. United States ...........-..............$ 480,772.46

2. Canada ...............-....................... 300.00 481,072.46 6,914,595.09

VI.

REAL ESTATE:

a. Property occupied by the Federation ...............$ 612,174.17

b. Property acquired in satisfaction of debt ....... 64,995.63

677,169.80

VH. DUE FROM BRANCHES AND EXCHANGES:

a. Due from branches— U.S. -$1,409.96,

Canada +2.16= ....................................................$ 1,407.80

b. Balance of loan to HRFA

Br. 69 Fraternal Hall __________________ 386.60

1,794.40

TOTAL LEDGER ASSETS, December 31, 1967 ...................... $14,913,124.78

The Valuation Exhibit shows that the ratios of assets to liabilities (including reserves on all statutory obligations) for the last six years are as follows:

1962 ............... 110.2%

1963 ........ 110.3%

1964 ................................110.3%

1965 ......................-......- 110.1%

1966 ............ 110.6%

1967 .........................-.... 111.46%

The ratio of net investment income to mean assets for the last six years are as follows:

1962 ...... 4.25%

1963 ................................. 4.28%

1964 ....... 4.43%

1965 ............................ 4.46%

1966 ............... 4.48%

1967 ........... 4.27%

To Max Blum and Jerry Wizon of the Blum & Wizon Company, Newark, New Jersey, who have handled some of our larger mortgages and have been helpful in the purchase and sale of bonds, I wish to extend my appreciation and thanks for their services in my department.

I express my sincere thanks and appreciation to Elizabeth Balazs, who has been with the Federation for 39 years, and to Mrs. Agnes Harsanyi, for their faithful service in the Treasury Department.

To my Fellow Officers and the employees of the Home Office and on the field, I extend my thanks and appreciation for their cooperation.

I submit my report, trusting that upon examination, it meets with your approval and your acceptance.

Fraternally yours,

PAUL ST. MIKLOSSY, Treasurer

Offici

'ports

STATEMENT OF INCOME, DISBURSEMENTS AND ASSETS FOR THE MONTH OF FEBRUARY, 1968

INCOME

U.S.A.

Canada

Life Insurance Fund .................

$188,835.16

$

4,278.67

Sick Benefit Fund ...................

1,294.01

73.33

Hospitalization Fund ...............

4,252.76---.--Overremittances .........................

807.59---.--.

Bethlen Home Dues Collected 2,720.10

75.70

Investments Repaid ...................

. 40,738.97

734.21

Bonds Sold .................................

. 13,000.00--#--Rent Income ...............................

80.00

—.—

Total...................................

$251,728.59

$

5,161.91

22,764.95

Balance from Jan. 31, 1968 ..

.. 93,965.88

Total Income Feb. 29, 1968 ....

$345,694.47

$ 27,926.86

DISBURSEMENTS

Life Insurance Fund ..............

..$104,494.37

$

2,316.06

Sick Benefit Fund ..................

712.61--.--Hospitalization Fund ..............

2,354.57

—.—

Shortages ............................

Bethlen Home Dues Paid

New Investments ..............

Real Estate Expenses ......

Investment Expenses ......

Trust Fund Paid ..............

Total Disbursements February 29, 1968 ........

Total Income ....................

Less Disbursements ..........

Balance for March, 1968

ASSETS

On Checking Account .....

Bonds .................................

Mortgage Loans ...............

Real Estate Owned...........

Certificate Loans...............

Petty Cash .........................

Total Asets ...............

348.53

..... 2,745.28---.-..... 139,152.51

14,000.00

..... 4,931.15--.--..... 1,116.17---.--..... 12,628.26

—

.....$268,483.45

$

16,316.06

.....$345,694.47

$

27,926.86

.....$268,483.45

$

16,316.06

.....$ 77,211.02

$

11,610.80

$ 77,211.02

$

11,610.80

.. 7,272,233.01---.-. 6,303,591.20

207,957.86

677,169.80--483,027.77---.--400.00

300.00

$14,813,677.80 $219,868.66

Paul St. Miklossy, Treas. László L. Eszenyi, Contr.

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