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Ann Arbor Savings Bank

Ann Arbor Savings Bank image
Parent Issue
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.


Loans and Discounts, ..... $437,953.26

Stocks, Bonds, Mortgages ..... 659,911.59

Overdrafts ..... 1984.86

Banking House ..... 20,500.00

Furniture and Fixtures ..... 7,417.32

Other Real Estate ..... 48,781.43



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 ..... 3490.93

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





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



Commercial deposits, subject to checks ..... 199,562,21

Savings Deposits ..... 828,610.79

Savings Certificates of Deposits 101,204.29

Due to Banks and Bankers ..... 22,653.91




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. 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: .seIIs 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 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 Januarv 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, WlllarD B. Smith, W. D Harriman, William Deubel, David Rinsey, L. Gruner.

OFFICERS. -Christian Mack, President; W.D Harriman, Vice-President Chas. b. Hiscock, Cashier M. I. Fritz Ass't-Cashier.