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State Banks

State Banks image
Parent Issue
Day
29
Month
January
Year
1897
Copyright
Public Domain
OCR Text

Bank Commissioner Ainger has made a Consolidated statement of the couditiop of the 173 state banks and fonr tsrust companies of Michigan, at the Close of business. December 17, 1896. The statement shows resources and liabilities amounting to $85,686,065.17. A mong the resources are: Loans and discoonts, 136,942,440. 70; stooks, bonds and mortgages, $28,451,447 71. Among the liabilities are: Capital stock paid in, $12,485,275; surplus, $2,876,322.12; undivided profits, $2.042,341.06; commercial deposita, $15,274,265.98; certificates of deposit, $7,530,592.54; saving deposits, $42,055,852. As ooiupared with the last previous report, u;a,de Oot. 6 last, the item of loans and discounts, stocks, bouds and mortgage3 show a decrease of $1,222,200 99; oommercial deposits, au increase of $164,226.26; cortificates of deposit, a decrease of $417,951.77; saving deposits, an increase of $14,590.58; total deposits, an increase of $81,484.12. There was au inorease of $75,890.86 in gold coin, and $11739.23 in silver coin on hand.

Article

Subjects
Ann Arbor Argus
Old News