THE DETROIT JEWISH NEWS — Friday, July 12, 1963
for Detroit families
for seventy years
• ...:•4, :::\• `$.>.m .
Now . . . a Quarter of a Billion Dollars Strong
During our seventieth-anniversary year, it
is with a great deal of pride that we look back
over the past and review the steady growth
and progress of Standard Federal.
Since 1893, the sound policies of our man-
agement and the ready acceptance of our
services by the families of this area have
helped make.the Association an outstanding
success. Every savings account and mortgage
loan holder has played an important part in
this strong, healthy growth—and we sincerely
thank each and every one of them.
In order to provide savings and home loan
conveniences for an even- greater number of
Detroit families, we have again expanded our
facilities- and now offer our customers eleven
convenient offices to serve them. As Detroit's
oldest and one of the nation's largest savings
and loan Associations, we invite you to share
in the safety, strength and earnings on savings
now enjoyed by more than 80,000 savers.
Robert J. Hutton, President
STANDARD FEDERAL SAVINGS AND LOAN ASSOCIATION
140th semi-annual statement of condition
First Mortgage Loans
F. H. A.-Insured
G. I. Veterans' Loans
Standard Mortgage Loans
Loans on Savings Accounts —
Properties Sold on Land Contract
Real Estate Held for Redemption..
Real Estate Owned
Cash on Hand and in Banks
U. S. Government and Federal
Stock in Federal 1-lome Loan Bank
Standard Federal Buildings and
Equipment, Less Depreciation
* ■ •* **
TOTAL . • •
Loans in Process ..
Advance Payment by Borrowers
for Insurance and Taxes
Other Liabilities • •••• ■■ •• • ••
Specific Reserves ....
General Reserves .
11-0 -0•0 • • 0-0
Savings Accounts Earn 4% cuRRARTEEN T compounded and paid four times a year
GRISWOLD AND JEFFERSON
Walter J. L. Ray
Choirmon of the Board
William H. Baldwin
77540 GRAND RIVER near Southgate
25712 GRAND RIVER at Beech Roue
16841 SCHAEFER ROAD S. of McNichol/
14221 GREENFIELD near Grand Rivet
Oscar L. Bard
Robert J. Hutton
In order to provide savings and home loan services io
more Detroit families, Standard Federal opened this new
branch office on July 1 on Greenfield, lust south of Grand
River. The grond opening celebration at this office con-
tinued through Wednesday, July 10.
James B. Ogden
24224 JOY ROAD at Telegraph
Wilson R. Paxson
10641 JOY ROAD 1 block E. of Moyer"
16530 EAST WARREN at Outer Drive
Edward A. Warnica
Robert F. Weber
Ormond S. Wessels
IT'S EASIER TO SAVE
11600 KELLY ROAD and Whittielt
14628 EAST JEFFERSON at Manisticp/0
1406 N. WOODWARD 1 block S. 12 Mire PA
MEMBER OF THE FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION