3 - THE DETROIT JEWISH NEWS — Friday, January 12, 1962
To the
wh
any thousands of American-Sa ers
ade this
th possible
te
A
VINGS
SSOCIATION
FINANCIAL STATEMENT AS OF DECEMBER 31, 19 61
etialditieo
odeb
Cash on Hand and in Banks
United States Government Bonds and other
Federal Agency Obligations
Stock in Federal Home Loan Bank
First Mortgage Loans (including F.H.A. insured
and V.A. Guaranteed Mortgages)
Loans on Savings Accotints
Land Contracts on Residential Properties
Real Estate Held for Redemption
Real Estate Owned
Furniture, Fixtures, Equipment and
Leasehold Improvements (Net)
Other Assets
TOTAL
$ 1,392,679.81
9,641,950.84
2,500,000.00
98,886,861.57
196,143.52
1,272,997.79
2,079,619.38
171,861.87
752,712.39
476,820.56
.$117,371,647.73
Savings Accounts
(All Accounts Insured up to $10,000.00)
Advances from Federal Home Loan Bank
Loans in Process
r
Advance Payments by Borrowers for
Insurance and Taxes
Specific Reserves
Deferred Credits
Other Liabilities
General and Special Reserves
TOTAL
$
I
..4103,404,421.98
4,658,437.50
48,674.93
$
1,519,219.47
187,857.19
88,973.99
26,584.43
.•
7,437,478.24
$117.371.647.73
DIRECTORS
CHARLES CANVASSER
• JOSEPH B. COLTEN
ADOLPH DEUTSCH
ALFRED L DEUTSCH
CHARLES L. DODGE
NEW HIGHER RATE—
COMPOUNDED AND
PAID QUARTERLY
STANLEY . EARP •
SAMUEL N. GERSHENSON
NATHAN I. GOLDIN
All Sayings Insured to $10,000 by an Agency of the United States Gov't
SAMUEL S. GREENBERG .
SAMUEL HECHTMAN
MAXWELL JOSPEY
,GRAHAM A. ORLEY
JACK S. ROSS
JACK SYLVAN
JOSEPH WARREN
Michigan's Largest State•Chartered Savings and Loan Association
MAIN OFFICE: WOODWARD AT CONGRESS • CONVENIENT NEIGHBORHOOD BRANCHES