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Ann Arbor Savings Bank

Ann Arbor Savings Bank image
Parent Issue
Day
2
Month
December
Year
1898
Copyright
Public Domain
OCR Text

REPORT OF THE CONDITION OF THE

ANN ARBOR SAVINGS BANK

At Ann Arbor, Michigan, at the close of business, Dec. 15, 1897.

RESOURCES.                                         LIABILITIES.

Loans and Discounts, $480,279 73
Stocks, Bonds, Mortgages, etc 592,471 73   Capital stock paid in           $50,000 00
Overdrafts                                  562  13           Surplus fund                    150,000 00
Banking House                         20,500 00       Undivided profits less current expenses,
Furniture and Fixtures                  7,917 32       interest and taxes paid     17,340 35
Other Real Estate                       47,898 83       Dividends unpaid                   199 00 

CASH.                                                                                    DEPOSITS.
Due from banks in reserve cities ...156,488 78   
Due from other banks and bankers.. 3,123 41     Commercial deposits, subject to check  185 460 94
Checks and cash items                     520 46
Nickels and cents                             637 97          Savings Deposits . .                              812, 907 06  
Gold coin ..                                     32,170 00      Savings Certificates of Deposits          131,858 4
Silver coin . .                                   3,300 00        Due to  Banks and Bankers  . .           19,334 57
                                ___________________                                                       ______________________
                                      1,374,097 16                                                                             1,374 97 16 

STATE OF MICHIGAN,

County of Washtenaw.
I, Charles E. Hiscock, cashier of the above named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief.   Chas. B. Hiscock, Cashier.
Subscribed and sworn to before me, this 20th day of December, 1897.
                   Michael J. Fritz, Notary Public.
Correct Attest: Christian Mack, W. D. Harriman, L. Gruner, Directors.

Capital, $50,000. Surplus, $150,000. Resources, $1,000,000.

Transacts a general banking business; buys and sells exchanges on New York, Detroit and Chicago; sells drafts on all the principal cities of Europe.
This bank, already having a large business, invites merchants and others to open accounts with them with the assurance of the most liberal dealing consistent with safe banking.

In the Savings Department interest at the rate of three per cent. is paid semi-annually, on the first days of January and July, on all sums that were deposited three months previous to those days, thus affording the people of this city and county a perfectly safe depository for their funds, together with a return in interest for the same. Money to loan on approved securities.

DIRECTORS.- Christian Mack, Daniel Hiscock, Willard B. Smith, W. D Harriman, William Deubel, David Rinsey, L. Gruner.

Officers.- Christian Mack, President; W.D. Harriman, Vice President Chas. E. Hiscock, Cashier M. J. Fritz Ass't-Cashier.