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Ann Arbor Savings Bank

Ann Arbor Savings Bank image
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At Ann Arbor, Michigan, at the close of business, Dec. 1, 1898.

RESOURCES. Loans and Discounts, .. $437,953 26 Stocks, Bonds, Mortgages.. 659,911 59 United States and Mich. State Bonds 24,700 00 Overdrafts.. 1,984 86 Banking House.. 20,500 00 Furniture and Fixtures.. 7,417 32 Other Real Estate.. 48,781 43

CASH. Due from banks in reserve cities.. 151,679 32 Due from Treasurer School Dist. No. 1, Ann Arbor.. 10,282 30 Exchanges for clearing house.. 3,490 93 Checks and cash items.. 765 38 Nickels and cents.. 324 57 Gold coin.. 40,267 50 Silver coin.. 1,365 00 U.S. and National Bank Notes,.. 27,980 00

$1437,393 36

LIABILITIES. Capital stock paid in.. $50,000 00 Surplus fund,.. 150,000 00 Undivided profits less current expenses, interest and taxes paid.. 14,964 16 Dividends unpaid,... 398 00

DEPOSITS Commercial deposits, subject to check... 199,562 21 Savings Deposits,... 828,610 79 Savings Certificates of Deposits... 101,204 29 Due to Banks and Bankers.. 22,653 91

$1,437,393 36

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 E Hiscock, Cashier. Subscribed and sworn to before me, this 6th day of December, 1898. 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.