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Big Bank Deposits

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Parent Issue
Public Domain
OCR Text

The four bauks of Anu Arbor at the close of business on Dee. 1, had deposits amounting in all to 2, 331, 606.81. Counting the population of Aun Arbor at 15,000. this wonld by f 155.44 for evey man, woman and child iu the city. Of these deposits 11,339,674.83 were savings depostis; $401,926.16 were certificates of deposits; f564,857.40 were commercial deposits and $25,648.24 were from other bauks. The loans and discounts of the four banks footed up $1,193,739.35; the national and state bonds, $49,700; the stocks, bonds and mortgages to $1,025,727.23. The capital stock of the banks is 1250,000, the surplus, $205,000 and the undivided profits, f45,427.22. The actual cash ou hand was .$13,807.64 and the amount on deposit in other banks, immediately available was 1325,659. 19. Of the cash on hand 154,023 was iu bank bilis, 875,570.40 was in gold, 4,002.05 in silver, $947.63 in nickels and cents, while $9,264.56 was iu checks and other cash items. There are very few towns of the size of Anu Arbor which can uiake as good a bank showing.