Ann Arbor Savings Bank

REPORT OF THE CONDITION OF THE

ANN ARBOR SAVINGS BANK

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 State of Michigan 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 District 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: $40,257.50

Silver coin: $1,365.00

U.S. and National Bank Notes: $27,980.00

Total Resources and Cash: $1,437,393.36

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: $898,610.79

Savings Certificates of Deposits: $101,204.29

Due to Banks and Bankers: $22,653.91

Total Liabilities and Deposits: $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 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. T. Harriman, William Deubel, David Rinsey, L. Gruner

OFFICERS - Christian Mack, President; W.D. Harriman, Vice-President; Chas. E. Hiscock, Cashier; M. J. Fritz -Assistant Cashier