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assets growth
in millions
53
54
55
56
57
58
SAVING
THE AMERICAN WAY
Vitims klub ray
FINANCIAL STATEMENT
BER 31, 1960
Assets
'ties
Hand and in Banks...
Cash on
$ 95,212,389.52
United States Government
Federal Agency Obli
k
5,146,875.00
Stock in Federal Ho
First
Mortgage
Governme
Loans on
Real Es
Furni
r
25,788.16
s(F.H.A. and V.A.
stored Mortgages)
1,344,566.60
ngs Accounts
ontracts..
Owned
, Fixtures, and
eciation .
Equipment, less
138,425.72
511,632.21
Assets
5,941,557.59
AL
American Savings is proud of its record •
1960, proud that it now has 58,209 s
accounts, proud that it paid $2,
9 in
-dividends this year—and par
y proud
at in the last 13,14 year
Detroit area
• •
es were
rehase new homes
becau n Savings made available
210 million dollars in home mortgage loans.
We look forward to greater achievements
during the coming year in which Detroit and
American Savings customers will share.
$108,321,234.80
.
Carnal Rah
Insured to $10,000 by an
Agency of the U.S. Gov't
AMERICAN
SAVINGS
AND MAN ASSOCIATION
MAIN OFFICE: WOODWARD AT CONGRESS
DIRECTO
CHARLES CANVASSER
ALFRED L. DEUTSCH
JOSEPH B. COLTEN
SAMUEL N. GERSHENSON
CHARLES L. DODGE
SAMUEL HECHTMAN
JACK S. ROSS
ADOLPH DEUTSCH
NATHAN I. GOLDIN
STANLEY M. EARP
MAXWELL JOSPEY
SAMUEL S. GREENBERG
JACK SYLVAN
GRAHAM A. ORLEY
JOSEPH WARREN
59
60