英文早读第177篇，选自巴菲特年度信，友才翻译。
Banking Operations
银行业务
Our banking subsidiary, The Illinois Bank and Trust Co. of Rockford, maintained its position of industry leadership in profitability. After-tax earnings of 2.2% on average deposits in 1972 are the more remarkable when evaluated against such moderating factors as :(1) a mix of 50% time deposits heavily weighted toward consumer savings instrucments, all paying the maximum rates permitted by law ;(2) an unvaryingly strong liquid position and avoidance of money-market borrowings ;(3) a loan policy which has produced a net charge-off ratio in the last two years of about 5% of that of the average commercial bank. This record is a direct tribute to the leadership of Gene Abegg and Bob Kline who run a bank where the owners and the depositors can both eat well and sleep well.
我们的银行业务，伊利诺伊罗克福德银行和信托公司，在盈利能力上获得了行业领先地位。在1972年税后平均存款利润率为2.2%，当存在下列缓和的因素时这个记录尤为可圈可点：（1）混合有50%定期存款的资金大比例放在了客户结构性存款上，这些都需要支付法律允许范围内最大利率；（2）始终如一的强流通性地位和避免资本市场借款；（3）一个引起平均商业银行坏账率在最近两年到大约5%的贷款政策。这个记录是基恩艾伯戈和鲍勃克林领导的直接体现，他们将银行运营的股东和储户都可以吃得好睡得香。
During 1972, interest paid to depositors was double the amount paid in 1969. We have aggressively sought consumer time deposits, but have not pushed for large "money market" certificates of deposit although, during the past several years, they have generally been a less costly source of time funds.
在1972年，支付给储户的利息是1969年支付规模的两倍。我们很积极寻找客户定期存款，但并没有推广大额货币市场存单，尽管在过去这些年，他们已经通常是定期资金的更低成本来源。
During the past year, loans to our customers expanded approximately 38%. This is considerably more than indicated by the enclosed balance sheet which includes 10.9 million in short-term commercial paper in 1971 loan total, but which has no such paper included at the end of 1972. Our position as "Rockford's Leading Bank" was enhanced during 1972. Present rate structures, a decrease in investable funds due to new Federal Reserve collection procedures, and a probable increase in already substantial non-federal taxes make it unlikely that Illinois National will be able to increase its earnings during 1973.
在去年，我们客户的贷款扩张了大约38%。这比在附件中的资产负债表指引的多得多，附录有写在1971年贷款总额中短期商业票据为1090万美金，但是在1972年末没有这样的票据了。我们“罗克福德领先银行”的地位在1972年得到了加强。当前的利率结构，由于新的联邦储蓄募集流程导致可投资资金的减少以及可能在已经就是大量的非联邦税务增加，将造成伊利诺伊国立银行在1973年利润增长不太可能。
29.consumer：消费者；顾客；用户
30.unvaryingly：始终如一的；从无变化的
31.charge-off：坏账率；损耗
32.tribute：礼物；颂词；行为；进贡；（良好效果的）体现
