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Ann Arbor Savings Bank

Ann Arbor Savings Bank image
Parent Issue
Day
30
Month
December
Year
1898
Copyright
Public Domain
OCR Text

REPORT OF THE COKDITION OF THE

ANN ARBOR SAVINGS BANK

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

RESOURCES.                                                                              LIABILITIES.

Loans and Discount $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 expen-
Furniture and Fixtures            7,917 32                              ses, interest and taxes paid   17,340 36
Other Real Estate                 47,898 63                           Dividends unpaid                    199 00

CASH

Due from banks in reserve cities . ... 166.488 78                         DEPOSITS.
Due from other banks and bankers.. 3,123 41                    Commercial deposits, subject to
Checks and cash items                 520 46                             check                                    185 460 84 
Nickels and cents                          637 97                           Savings Deposits                        819 907 85
Gold coin                                   32,17000                           Savings Certificates of Deposits    131,86
Silver coin,.                                  3,300 00                         Due to Banks and Bankers          19,344 1
U S. and National Bank Notes,    28,209 00                                                                       _______________
                                                 __________
                                                11,374,097                                                                            16 11,87 7 1

STATE OF MICHIGAN,
County of Washtenaw. , } ss.

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. E. 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. B. Hiscock, Cashier M. J. Fritz Ass't-Cashier.