BANKERS TRUST COMPANY (New York), an Ameri can banking institution, incorporated in the State of New York, March 24, 1903, with capital and surplus of $1,500,000. In 1911 the Mercantile Trust Company, founded in 1868, was absorbed by merger and in the following year the Manhattan Trust Corn pany, founded in 1871, was also absorbed. As a result, the capi tal and surplus of the Company were raised to $2o,000,000 at the close of 1912, with deposits of over $134,000,000. In 1917, the Astor Trust Company was acquired and became the Company's first branch office in the city of New York. No other mergers have taken place since that time.
The main office is located at 16 Wall Street, New York City, with branches at Fifth Avenue and Forty-Fourth Street and at Fifty-Seventh Street and Madison Avenue, New York. There is also a branch in London at 26 Old Broad Street. The Bankers Safe Deposit Company, a wholly owned subsidiary, operates safe deposit vaults at all the New York offices.
The Bankers Trust Company conducts a general commercial banking business, in both the domestic and foreign fields. It acts as executor and trustee for individuals and as custodian for the safekeeping of securities for both individuals and corporations. It serves as registrar and transfer agent for stocks and bonds, as dividend and interest paying agent, as trustee under mortgages and indentures and as depositary under reorganization or adjust ment agreements. It deals in United States Government, State and Municipal Securities.
On Sept. 3o, 1935, the capital amounted to $25,000,000, surplus to $50,000,00o and undivided profits to $13,807,871.83. Deposits were (E. STR.)