REPORT OF THE CONDITION OF THE
ANN ARBOR SAVINGS BANK
At Ann Arbor, Michigan, at the close of business, Dec. 1, 1898.
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
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
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
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 22,553 91
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 8th 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 rerun 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 I. Frita Ass't-Cashier.