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
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.
Article
Subjects
Old News
Ann Arbor Argus-Democrat