Folger Nolan Fleming Douglas Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
AMERICAN FUNDS WASHINGTON MUTU	MF	939330825	768	17,144	SH		SOLE		0	0	17,144
EATON VANCE NAT LIM MATURITY T	MF	27826H784	271	29,752	SH		SOLE		0	0	29,752
FEDERATED SHORT TERM MUNI TR I	MF	313907206	286	27,965	SH		SOLE		0	0	27,965
FIDELITY 500 INDEX FUND	MF	315911701	1,118	12,057	SH		SOLE		0	0	12,057
FIDELITY CONTRAFUND	MF	316071109	892	7,179	SH		SOLE		0	0	7,179
FRANKLIN INCOME FUND	MF	353496805	75	32,681	SH		SOLE		0	0	32,681
INVESCO GLOBAL CORE EQUITY CL	MF	00141L798	216	13,481	SH		SOLE		0	0	13,481
MFS MASSACHUSETTS INV TRUST CL	MF	575736400	641	20,555	SH		SOLE		0	0	20,555
NUVEEN INSD DIV ADV MUNI FD CO	MF	67071L106	623	42,948	SH		SOLE		0	0	42,948
NUVEEN MD PREMIUM INC MUNICIPA	MF	67061Q107	279	23,025	SH		SOLE		0	0	23,025
PIMCO REAL RETURN BOND FD CL C	MF	693391146	152	13,953	SH		SOLE		0	0	13,953
PUTNAM MUNI OPPORTUNITIES TR S	MF	746922103	143	12,262	SH		SOLE		0	0	12,262
T ROWE PRICE ST TAX FREE INCOM	MF	77957R101	255	23,997	SH		SOLE		0	0	23,997
T. ROWE PRICE BLUE CHIP GROWTH	MF	77954Q106	211	2,071	SH		SOLE		0	0	2,071
T. ROWE PRICE HIGH-YIELD	MF	741481105	74	11,268	SH		SOLE		0	0	11,268
T. ROWE PRICE SMALL-CAP VALUE	MF	77957Q103	427	8,846	SH		SOLE		0	0	8,846
VANGUARD MONEY MARKET RESERVES	MF	922906201	64	63,502	SH		SOLE		0	0	63,502
3M CO.	COM	88579Y101	4,112	18,731	SH		SOLE		0	0	18,731
ABBOTT LABORATORIES	COM	002824100	5,714	95,353	SH		SOLE		0	0	95,353
ABBVIE INC	COM	00287Y109	1,982	20,937	SH		SOLE		0	0	20,937
ADOBE SYSTEMS INCORPORATED	COM	00724F101	2,572	11,902	SH		SOLE		0	0	11,902
ADOBE SYSTEMS INCORPORATED	COM	00724F101	42	195	SH		OTR		0	0	195
AIR PRODUCTS & CHEMICALS	COM	009158106	221	1,391	SH		SOLE		0	0	1,391
ALLSTATE CORPORATION	COM	020002101	776	8,182	SH		SOLE		0	0	8,182
ALPHABET INC NON-VOTING CL C	COM	02079K107	1,749	1,695	SH		SOLE		0	0	1,695
ALPHABET INC NON-VOTING CL C	COM	02079K107	10	10	SH		OTR		0	0	10
ALPHABET INC VOTING CL A	COM	02079K305	522	503	SH		SOLE		0	0	503
ALPHABET INC VOTING CL A	COM	02079K305	10	10	SH		OTR		0	0	10
ALTRIA GROUP	COM	02209S103	293	4,700	SH		SOLE		0	0	4,700
AMAZON.COM INC	COM	023135106	3,358	2,320	SH		SOLE		0	0	2,320
AMERICAN EXPRESS INC	COM	025816109	1,967	21,092	SH		SOLE		0	0	21,092
AMERICAN EXPRESS INC	COM	025816109	20	210	SH		OTR		0	0	210
AMGEN INC	COM	031162100	890	5,221	SH		SOLE		0	0	5,221
AMGEN INC	COM	031162100	14	85	SH		OTR		0	0	85
ANADARKO PETROLEUM CORP	COM	032511107	352	5,829	SH		SOLE		0	0	5,829
ANADARKO PETROLEUM CORP	COM	032511107	5	80	SH		OTR		0	0	80
APACHE CORP	COM	037411105	391	10,162	SH		SOLE		0	0	10,162
APACHE CORP	COM	037411105	4	100	SH		OTR		0	0	100
APPLE INC	COM	037833100	6,359	37,901	SH		SOLE		0	0	37,901
AQUA AMERICA	COM	03836W103	4,915	144,290	SH		SOLE		0	0	144,290
AQUA AMERICA	COM	03836W103	8	231	SH		OTR		0	0	231
ARCHER DANIELS MIDLAND CO	COM	039483102	1,207	27,831	SH		SOLE		0	0	27,831
ARCHER DANIELS MIDLAND CO	COM	039483102	12	280	SH		OTR		0	0	280
AT&T CORP NEW	COM	00206R102	3,341	93,723	SH		SOLE		0	0	93,723
ATMOS ENERGY CORP	COM	049560105	1,073	12,740	SH		SOLE		0	0	12,740
BANK OF AMERICA	COM	060505104	1,055	35,188	SH		SOLE		0	0	35,188
BANK OF NEW YORK MELLON CORP	COM	064058100	1,092	21,184	SH		SOLE		0	0	21,184
BANK OF NEW YORK MELLON CORP	COM	064058100	15	290	SH		OTR		0	0	290
BECTON DICKINSON	COM	075887109	9,320	43,010	SH		SOLE		0	0	43,010
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670108	4,187	14	SH		SOLE		0	0	14
BERKSHIRE HATHAWAY INC DEL CLA	COM	084670702	697	3,494	SH		SOLE		0	0	3,494
BOEING	COM	097023105	3,245	9,898	SH		SOLE		0	0	9,898
BP PLC SPONS ADR	COM	055622104	372	9,164	SH		SOLE		0	0	9,164
BRISTOL-MYERS SQUIBB COMPANY	COM	110122108	1,020	16,133	SH		SOLE		0	0	16,133
BUCKEYE PARTNERS LP LTD PARTNE	COM	118230101	219	5,850	SH		SOLE		0	0	5,850
C S X CORPORATION	COM	126408103	412	7,400	SH		SOLE		0	0	7,400
CABLE ONE INC	COM	12685J105	259	377	SH		SOLE		0	0	377
CATERPILLAR INCORPORATED	COM	149123101	5,129	34,801	SH		SOLE		0	0	34,801
CATERPILLAR INCORPORATED	COM	149123101	15	105	SH		OTR		0	0	105
CHEMOURS CO	COM	163851108	35,762	734,185	SH		SOLE		0	0	734,185
CHEVRON CORP	COM	166764100	6,945	60,903	SH		SOLE		0	0	60,903
CHEVRON CORP	COM	166764100	18	155	SH		OTR		0	0	155
CHURCH & DWIGHT CO INC	COM	171340102	7,669	152,293	SH		SOLE		0	0	152,293
CHURCH & DWIGHT CO INC	COM	171340102	11	210	SH		OTR		0	0	210
CIMAREX ENERGY CO.	COM	171798101	374	4,000	SH		SOLE		0	0	4,000
CISCO SYSTEMS INC	COM	17275R102	5,830	135,921	SH		SOLE		0	0	135,921
CISCO SYSTEMS INC	COM	17275R102	21	500	SH		OTR		0	0	500
COASTAL CARIBBEAN OILS & MINER	COM	190432203	0	69,910	SH		SOLE		0	0	69,910
COCA-COLA COMPANY	COM	191216100	1,943	44,728	SH		SOLE		0	0	44,728
COLGATE-PALMOLIVE COMPANY	COM	194162103	481	6,709	SH		SOLE		0	0	6,709
COMCAST CORP NEW CL A	COM	20030N101	425	12,446	SH		SOLE		0	0	12,446
CONOCOPHILLIPS	COM	20825C104	328	5,534	SH		SOLE		0	0	5,534
CORNING INC.	COM	219350105	679	24,365	SH		SOLE		0	0	24,365
CVS CAREMARK CORPORATION	COM	126650100	524	8,422	SH		SOLE		0	0	8,422
DANAHER CORP	COM	235851102	376	3,841	SH		SOLE		0	0	3,841
DANAHER CORP	COM	235851102	16	160	SH		OTR		0	0	160
DELL TECHNOLOGIES CL V	COM	24703L103	279	3,815	SH		SOLE		0	0	3,815
DENTSPLY SIRONA INC	COM	24906P109	4,892	97,235	SH		SOLE		0	0	97,235
DISCOVER FINANCIAL SERVICES	COM	254709108	624	8,677	SH		SOLE		0	0	8,677
DOMINION RESOURCES INC OF VA	COM	25746U109	2,971	44,061	SH		SOLE		0	0	44,061
DOMINION RESOURCES INC OF VA	COM	25746U109	6	85	SH		OTR		0	0	85
DOVER CORPORATION	COM	260003108	224	2,285	SH		SOLE		0	0	2,285
DOWDUPONT INC.	COM	26078J100	211,645	3,322,007	SH		SOLE		0	0	3,322,007
DOWDUPONT INC.	COM	26078J100	12	192	SH		OTR		0	0	192
DTE ENERGY	COM	233331107	314	3,011	SH		SOLE		0	0	3,011
DUKE ENERGY CORP	COM	26441C204	1,171	15,112	SH		SOLE		0	0	15,112
ELI LILLY & CO	COM	532457108	373	4,822	SH		SOLE		0	0	4,822
EMERSON ELECTRIC CO.	COM	291011104	968	14,179	SH		SOLE		0	0	14,179
ENBRIDGE INC.	COM	29250N105	1,479	47,009	SH		SOLE		0	0	47,009
EXPRESS SCRIPTS HLDG CO	COM	30219G108	252	3,650	SH		SOLE		0	0	3,650
EXXON MOBIL CORPORATION	COM	30231G102	12,057	161,602	SH		SOLE		0	0	161,602
EXXON MOBIL CORPORATION	COM	30231G102	13	180	SH		OTR		0	0	180
FEDERAL REALTY INV TR S B I	COM	313747206	1,228	10,579	SH		SOLE		0	0	10,579
FEDEX CORP	COM	31428X106	6,658	27,730	SH		SOLE		0	0	27,730
FORTIVE CORP	COM	34959J108	242	3,120	SH		SOLE		0	0	3,120
FORTIVE CORP	COM	34959J108	10	135	SH		OTR		0	0	135
FRANKLIN RESOURCES INC	COM	354613101	805	23,219	SH		SOLE		0	0	23,219
GENERAL ELECTRIC COMPANY	COM	369604103	5,006	371,365	SH		SOLE		0	0	371,365
GENERAL ELECTRIC COMPANY	COM	369604103	3	205	SH		OTR		0	0	205
GENERAL MILLS INC	COM	370334104	708	15,704	SH		SOLE		0	0	15,704
GRAHAM HOLDINGS CO.	COM	384637104	250	415	SH		SOLE		0	0	415
HERSHEY COMPANY	COM	427866108	1,321	13,352	SH		SOLE		0	0	13,352
HOME DEPOT	COM	437076102	897	5,030	SH		SOLE		0	0	5,030
HONEYWELL INTERNATIONAL INC	COM	438516106	2,461	17,028	SH		SOLE		0	0	17,028
HOST HOTELS & RESORTS	COM	44107P104	270	14,469	SH		SOLE		0	0	14,469
ILLINOIS TOOL WORKS INC.	COM	452308109	10,110	64,537	SH		SOLE		0	0	64,537
ILLINOIS TOOL WORKS INC.	COM	452308109	16	100	SH		OTR		0	0	100
INTEL CORP COM	COM	458140100	6,216	119,352	SH		SOLE		0	0	119,352
INTEL CORP COM	COM	458140100	32	620	SH		OTR		0	0	620
INTERNATIONAL BUSINESS MACHINE	COM	459200101	3,960	25,811	SH		SOLE		0	0	25,811
INTERNATIONAL FLAVORS & FRAGRA	COM	459506101	205	1,500	SH		SOLE		0	0	1,500
INTERNATIONAL PAPER CO	COM	460146103	310	5,809	SH		SOLE		0	0	5,809
INTUIT INC	COM	461202103	624	3,600	SH		SOLE		0	0	3,600
ISHARES MSCI EAFE INDEX	COM	464287465	467	6,704	SH		SOLE		0	0	6,704
ISHARES NASDAQ BIOTECH INDEX	COM	464287556	4,847	45,412	SH		SOLE		0	0	45,412
ISHARES RUSSELL 2000 IDX	COM	464287655	4,970	32,734	SH		SOLE		0	0	32,734
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	6,436	31,176	SH		SOLE		0	0	31,176
JOHNSON & JOHNSON	COM	478160104	14,742	115,039	SH		SOLE		0	0	115,039
JOHNSON & JOHNSON	COM	478160104	22	175	SH		OTR		0	0	175
JPMORGAN CHASE & CO.	COM	46625H100	9,608	87,374	SH		SOLE		0	0	87,374
JPMORGAN CHASE & CO.	COM	46625H100	23	210	SH		OTR		0	0	210
KELLOGG COMPANY	COM	487836108	3,104	47,741	SH		SOLE		0	0	47,741
KEYCORP	COM	493267108	246	12,600	SH		SOLE		0	0	12,600
KIMBERLY-CLARK CORP	COM	494368103	2,539	23,057	SH		SOLE		0	0	23,057
LABORATORY CORP OF AMERICA	COM	50540R409	401	2,480	SH		SOLE		0	0	2,480
LABORATORY CORP OF AMERICA	COM	50540R409	8	47	SH		OTR		0	0	47
LOCKHEED MARTIN	COM	539830109	662	1,958	SH		SOLE		0	0	1,958
LOWES COS	COM	548661107	9,965	113,563	SH		SOLE		0	0	113,563
LOWES COS	COM	548661107	23	260	SH		OTR		0	0	260
M & T BANK CORP	COM	55261F104	2,775	15,050	SH		SOLE		0	0	15,050
MANPOWER INC WISCONSIN	COM	56418H100	544	4,724	SH		SOLE		0	0	4,724
MARRIOTT INTERNATIONAL, NEW IN	COM	571903202	7,340	53,976	SH		SOLE		0	0	53,976
MARRIOTT VACATIONS WORLDWIDE C	COM	57164Y107	360	2,705	SH		SOLE		0	0	2,705
MC DONALD'S CORPORATION	COM	580135101	8,976	57,397	SH		SOLE		0	0	57,397
MC DONALD'S CORPORATION	COM	580135101	17	110	SH		OTR		0	0	110
MEDTRONIC INC	COM	G5960L103	376	4,691	SH		SOLE		0	0	4,691
MERCK & COMPANY INCORPORATED N	COM	58933Y105	3,780	69,389	SH		SOLE		0	0	69,389
MERCK & COMPANY INCORPORATED N	COM	58933Y105	11	200	SH		OTR		0	0	200
MICROSOFT CORPORATION	COM	594918104	12,097	132,538	SH		SOLE		0	0	132,538
MICROSOFT CORPORATION	COM	594918104	49	540	SH		OTR		0	0	540
MORGAN STANLEY & CO	COM	617446448	893	16,558	SH		SOLE		0	0	16,558
MOTOROLA SOLUTIONS, INC	COM	620076307	547	5,191	SH		SOLE		0	0	5,191
NEXTERA ENERGY	COM	65339F101	3,371	20,639	SH		SOLE		0	0	20,639
NEXTERA ENERGY	COM	65339F101	10	60	SH		OTR		0	0	60
NORFOLK SOUTHERN CORP	COM	655844108	248	1,825	SH		SOLE		0	0	1,825
NORTHERN TRUST CORP	COM	665859104	1,073	10,400	SH		SOLE		0	0	10,400
ORACLE CORP	COM	68389X105	408	8,926	SH		SOLE		0	0	8,926
PEPSICO INCORPORATED	COM	713448108	10,185	93,311	SH		SOLE		0	0	93,311
PEPSICO INCORPORATED	COM	713448108	7	65	SH		OTR		0	0	65
PFIZER INCORPORATED	COM	717081103	1,371	38,640	SH		SOLE		0	0	38,640
PHILIP MORRIS INTERNATIONAL	COM	718172109	517	5,200	SH		SOLE		0	0	5,200
PHILLIPS 66	COM	718546104	444	4,626	SH		SOLE		0	0	4,626
PIONEER NAT RES CO	COM	723787107	275	1,600	SH		SOLE		0	0	1,600
PNC FINANCIAL SERVICES GROUP	COM	693475105	554	3,664	SH		SOLE		0	0	3,664
POWERSHARES QQQ TR ETF SERIES	COM	73935A104	995	6,211	SH		SOLE		0	0	6,211
PRAXAIR INC	COM	74005P104	346	2,396	SH		SOLE		0	0	2,396
PROCTER & GAMBLE COMPANY	COM	742718109	11,057	139,465	SH		SOLE		0	0	139,465
PROCTER & GAMBLE COMPANY	COM	742718109	16	200	SH		OTR		0	0	200
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	284	5,650	SH		SOLE		0	0	5,650
RAYTHEON COMPANY NEW	COM	755111507	237	1,100	SH		SOLE		0	0	1,100
SAUL CENTERS INC.	COM	804395101	349	6,850	SH		SOLE		0	0	6,850
SAUL CENTERS INC.	COM	804395101	7	128	SH		OTR		0	0	128
SCHLUMBERGER LIMITED	COM	806857108	233	3,600	SH		SOLE		0	0	3,600
SELECT SECTOR SPDR TR UTILITIE	COM	81369Y886	243	4,800	SH		SOLE		0	0	4,800
SMUCKER J.M. CO	COM	832696405	621	5,006	SH		SOLE		0	0	5,006
SOUTHERN COMPANY (THE)	COM	842587107	3,565	79,825	SH		SOLE		0	0	79,825
SPDR S&P 500 ETF	COM	78462F103	297	1,128	SH		SOLE		0	0	1,128
SYSCO CORPORATION	COM	871829107	1,064	17,745	SH		SOLE		0	0	17,745
T ROWE PRICE GROUP INC.	COM	74144T108	10,971	101,613	SH		SOLE		0	0	101,613
T ROWE PRICE GROUP INC.	COM	74144T108	23	210	SH		OTR		0	0	210
TARGET CORP	COM	87612E106	708	10,199	SH		SOLE		0	0	10,199
TEXAS INSTRUMENTS	COM	882508104	665	6,400	SH		SOLE		0	0	6,400
THE TRAVELERS COS INC	COM	89417E109	633	4,560	SH		SOLE		0	0	4,560
THERMO FISHER SCIENTIFIC	COM	883556102	350	1,695	SH		SOLE		0	0	1,695
UDR INC	COM	902653104	757	21,249	SH		SOLE		0	0	21,249
UNILEVER	COM	904784709	271	4,800	SH		SOLE		0	0	4,800
UNION PACIFIC CORP	COM	907818108	4,858	36,140	SH		SOLE		0	0	36,140
UNITED HEALTHCARE CORP	COM	91324P102	5,292	24,731	SH		SOLE		0	0	24,731
UNITED TECHNOLOGIES CORP COM	COM	913017109	7,455	59,253	SH		SOLE		0	0	59,253
UNITED TECHNOLOGIES CORP COM	COM	913017109	16	125	SH		OTR		0	0	125
US BANCORP DEL (NEW)	COM	902973304	241	4,781	SH		SOLE		0	0	4,781
VANGUARD EMERGING MARKETS ETF	COM	922042858	853	18,159	SH		SOLE		0	0	18,159
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	1,352	30,549	SH		SOLE		0	0	30,549
VANGUARD INFORMATION TECHNOLOG	COM	92204A702	38,444	224,818	SH		SOLE		0	0	224,818
VANGUARD MID CAP ETF	COM	922908629	4,486	29,089	SH		SOLE		0	0	29,089
VANGUARD S&P ETF	COM	922908363	1,132	4,677	SH		SOLE		0	0	4,677
VANGUARD SMALL CAP ETF	COM	922908751	3,633	24,727	SH		SOLE		0	0	24,727
VANGUARD TOTAL STOCK MARKET	COM	922908769	2,045	15,070	SH		SOLE		0	0	15,070
VERIZON COMMUNICATIONS	COM	92343V104	2,563	53,592	SH		SOLE		0	0	53,592
VISA INC CLASS A	COM	92826C839	8,543	71,420	SH		SOLE		0	0	71,420
VULCAN MATERIALS CO	COM	929160109	274	2,400	SH		SOLE		0	0	2,400
WAL-MART STORES INC	COM	931142103	269	3,027	SH		SOLE		0	0	3,027
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	5,545	84,702	SH		SOLE		0	0	84,702
WALGREENS BOOTS ALLIANCE, INC.	COM	931427108	13	205	SH		OTR		0	0	205
WALT DISNEY COMPANY	COM	254687106	5,608	55,832	SH		SOLE		0	0	55,832
WALT DISNEY COMPANY	COM	254687106	17	165	SH		OTR		0	0	165
WASH REAL ESTATE INV TRUST S B	COM	939653101	2,542	93,115	SH		SOLE		0	0	93,115
WASTE CONNECTIONS INC	COM	94106B101	311	4,333	SH		SOLE		0	0	4,333
WEINGARTEN REALTY INVS S B I	COM	948741103	2,394	85,259	SH		SOLE		0	0	85,259
WELLS FARGO & CO. NEW	COM	949746101	7,303	139,338	SH		SOLE		0	0	139,338
WELLS FARGO & CO. NEW	COM	949746101	21	395	SH		OTR		0	0	395
WEYERHAEUSER CO	COM	962166104	560	16,004	SH		SOLE		0	0	16,004
WGL HLDGS INC	COM	92924F106	1,694	20,248	SH		SOLE		0	0	20,248
YUM BRANDS INC	COM	988498101	245	2,880	SH		SOLE		0	0	2,880
ZIMMER BIOMET HOLDINGS INC.	COM	98956P102	392	3,594	SH		SOLE		0	0	3,594