AMERICAN SAVINGS

U11

0-3

x -

l4
tZ

ASSOCIATION

AND LOAN

1-R

0

1

FINANCIAL STATEMENT as of Dec. 31, 1956

Authorized Capital $60; 000,000.00

OFFICERS

ADOLPH DEUTSCH

President

rn

SAMUEL HECHTMAN

rice-President
and Chairman of the Board

ASSETS

JACK SYLVAN

rice-President

ALFRED L DEUTSCH
.
Treasurer
NATHAN I. GOLDIN

.$ 3,520,247.41 -
Cash on Hans and in Banks...
United States Government Bonds...... 2,078,515.63
860,000.00
Stock in Federal Home Loan Bank.....
44,500,071.59
First Mortgage Loans

Secretary
FRED J. RUELLE
Assistant Vice-President

(F.H.A. and V.A. Government Insured
Mortgages included)

812,789.60
Land Contracts Purchased
56,237.88
Real Estate held for Redemption
22,920.27,
Real Estate Owned -
Furniture, Fixtures and Equipment
139,506.95
less Depreciation
115,319.54
Accounts Receivable
53,109.09
Deferred Charges • and other Assets...—.
TOTAL $52,158,717.96

GEORGE M. ZELTZER

r.

Assistant rice-President

£42

'ALEX PRUJANSKY
Assistant Treasurer
MRS. F. W. MAURER

C.1

Assistant Secretary.

EDWARD D. ELLIS

Assistant Secretary

4

CHARLES CANVASSER

Vice-President

State Plumbing Supplies
ADOLPH DEUTSCH

President

ALFRED L. DEUTSCH

HIGHER RATE

Treasurer

CHARLES L. DODGE

Vice-President

LIABILITIES

Standard Cotton Products Co.
STANLEY N. EARP

President

Ned's Auto Supply Co.
NATHAN I. GOLDIN

444444 • • • ., • •

on Insured Savings at

Treasurer

(All Accounts insured up to 810.000.00)

Advances from Federal Home
Loan Bank
Loans in Process
AccOunts Payable
Advance Payments by Borrowers
' for Insurance and Taxes
Unearned Profit on Land
Contracts Purchased
Unearned Discount on Loans
Purchased
Uncollected Interest on Loans
and Contracts..
Other Liabilities
Reserves
e•• • ■
TOTAL ••• •• •

.

Citizens Mortgage Corp.
SAMUEL N. GERSHENSON

$46,403,517.34

Savings Accounts

Secretary

2,582,500.00
306,970.16
16,280.31

SAMUEL S. GREENBERG

Attorney-at-Law

SAMUEL HECHTMAN

MERICAN SAVINGS

rice-President
and Chairmak of the Board

MAXWELL JOSPEY

515,453.59

President

, Production Steel Coil. Inc.
GRAHAM A. ORLEY

President

41,912.99

Algonquin Corp.
HARRY ROSMAN

President

210,118.11

Famous. Cleaners & Dyers
JACK S. ROSS

Vice-President

•

Permalastic Products Co.
JACK SYLVAN

27,503.72
332.07 '
. 2,054,129.67
.$52,158,717.96

Vice-Prest2ent

JOSEPH WARREN

President

Warren Fibre Products Co.

••

•• • • • • • • * • • • • • • • • • • • • • • • • • • • • • • • • •

. . ,

More Good News
for Thousands Who

1957

"Save the American Way!"

For the benefit of American Savings old and new customers, all
Savings received on any day during the month of January 1957,
will earn 3 per cent right from the first of January. If you now
have an American Savings account, add to it and enjoy this
extra profit. If you don't have an account, open one this month,
and earn 3 per cent from the first of the new year! And your
money is safe at American Savings . . . insured to $10,000 by
an agency of the United States Government.

Save-by-mail. Come in or phone WO 5-5800
for free POSTAGE PAID Save-By-Mail Kit.

a

WOODWARD AT LARNED

LIVERNOIS AT We 7 MILE

VAN DYKE AT E. 7 MILE

open 9:30 to 4:30—Friday to 6 p.m.

open 9:30 to 4:30—Thursday to 8:30 p.m.

open 9:30 to 4:30—Friday to 8:30 p.m

DEXTER BLVD. AT CORTLAND

W. 9 MILE near COOLIDGE

FORT STREET AT MILITARY

open 9:30 to 4:30—Tuesday to 8:30 p.m.

open 9:30 to 4:30—Thursday to 8:30 p.m.

open 9:30 to 4:30—Friday to 8 p.m.

Member Federal Savings and Loan Insurance Corporation

•

••-•,•• •

.

A Xi.$.7 .0 . •? ; :e•kt,:•'•'
• • •

...
,*•:"'

•

.4

DIRECTORS

fi

co

'

