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Ann Arbor Savings Bank

Ann Arbor Savings Bank image
Parent Issue
Day
25
Month
August
Year
1899
Copyright
Public Domain
OCR Text

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

Overdrafts...1984 86

Banking House...20,500 00

Furniture and Fixtures...7417 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 48

Checks and cash items...765 38

Nickels and cents...40,257 50

Silver coin...1365 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...808,610 79

Savings Certificate of Deposits...101,204 29

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

$1,437,393 36

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

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 country 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.