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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

