The Accounting Review Vol. 22 No. 3 1947
PUBLISHED FINANCIAL STATEMENTS OF BANKS.
Abstract
An examination of the statements of condition published by twenty-five representative Chicago banks as of December 31, 1946 reveals the continued publication of condensed statements with stereotyped arrangement and terminology which compare most unfavorably with the published financial reports of industrial and commercial concerns. The arrangement and terminology of these statements are undoubtedly influenced materially by the current regulations, instructions, and uniform forms prescribed by the U.S. Comptroller of the Currency. But, to explain the paucity of data, one must probably look to the influence of heritage, traditions, and customs on the current practices of the modern commercial bank. Since the qualitative and quantitative features of the reported financial data correspond closely to those found in the pocket-sized folder usually distributed to depositors, the published statements may be judged fairly in the light of their services to the interests of the depositors as well as the stockholders.
- DOI
- 10.2308/tar-7055542
- Volume
- 22
- Issue
- 3
- Pages
- 288-294
- Language
- en
- Sources
- openalex crossref