Reconstruction Finance Corp. v. Central Republic Trust Co.

WILKERSON, District Judge.

Findings of Fact.

The court finds the facts as follows:

Plaintiff -was incorporated by Act of January 22, 1932 (chapter 8, 47 Stat. 5, see 15 U.S.C.A. § 601 et seq.).

Defendant bank was organized under Illinois law on July 25, 1931, with paid up capital stock of $14,000,000, divided into 140,000 shares of the par value- of $100 per share.

The condition of the bank on July 25, 1931, was as follows: Loans, $154,243,421.-45; cash, including amounts due from other banks, $62,839,335.08; deposits, $240,-746,647.25. The condition of the bank on June 25, 1932, was as follows:…