Ann Arbor Savings Bank

REPORT OF THE CONDITION OF THE ANN ARBOR SAVINGS BANK

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, . . . 40,257 50

Silver coin, . . . 1,365 00

U. S. and National Bank Notes . . . 27,980 00

$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 . . . . . . . . . . . 989,610 79

Savings Certificates of Deposits . . . . . . . 101,204 29

Due to Banks and Bankers . . . . . . . . . . 22,653 91

$1,437,393 36

STATE OF MICHIGAN }ss.

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 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.