Ann Arbor Savings Bank

REPORT OF THE CONDITION OF THE

ANN ARBOR SAVINGS BANK

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

RESOURCES.

Loans and Discounts, . . . . . . . . . .$480,279 73

Stocks, Bonds, Mortgages, etc. . . . 592,471 73

Overdrafts . . . . . . . . . . . . . . . . . . . . . . . 582 13

Banking House . . . . . . . . . . . . . . . . . 20,500 00

Furniture and Fixtures . . . . . . . . . . . . .7,917 32

Other Real Estate . . . . . . . . . . . . . . . 47,898 63

CASH.

Due from banks in reserve cities . . . 156,488 78

Due from other banks and bankers . . . 3,123 41

Checks and cash items . . . . . . . . . . . . . .520 46

Nickels and cents . . . . . . . . . . . . . . . . . . 637 97

Gold coin, . . . . . . . . . . . . . . . . . . . . . .32,170 00

Silver coin, . . . . . . . . . . . . . . . . . . . . . . 3,300 00

U.S. and National Bank Notes . . . . . . 28,209 00

                                                     ___________

                                                      $1,374,097 16

LIABILITIES.

Capital stock paid in . . . . . . . . . . . . . . $  50,000 00

Surplus fund . . . . . . . . . . . . . . . . . . . . . 150,000 00

Undivided profits less current expenses,

                            interest and taxes paid 17,340 35

Dividends unpaid . . . . . . . . . . . . . . . . . . . . .199 00

DEPOSITS.

Commercial deposits, subject to check . . . 185,460

Savings Deposits . . . . .. . . . . . . . . . . . . . . 819,907

Savings Certificates of Deposits . . . . . . . . 131,854

Due to Banks and Bankers . . . . . . . . . . . . . 19,884

                                                             ___________

                                                               $1,374,644 16

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 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.