THE DETROIT JEWISH NEWS
3
Friday, July 17, 1964
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STATEMENT OF CONDITION
LIABILITIES
ASSETS
Cash, U. S. Government Bonds and other Federal
Agency Obligations
Stock in Federal Home Loan Bank
First Mortgage Loans (incl. FHA. Insured
and V.A. Guaranteed Mortgages)
Loans on Savings Accounts.
Land Contracts on Residential Properties
Real Estate Held for Redemption (F.H,A.
Insured and V.A. Guaranteed Mortgages)
Real Estate Owned
Office Buildings, including Furniture,
Fixtures and Equipment
Other Assets.
TOTAL
10,481,772.83
2,500,000.00
138,368,121.49
539,992.58
950,427.66
1,882,974.03
184,115;78
2,257,856.85
1,230,328 15
4,500,000.00
Loans in Process
69,974.46
Advance Payments by Borrowers for
Insurance and Taxes
3,792,433.97
Specific Reserves
•••
Other Lia bilites
TOTAL
Jack S. Ross
137,709.93
68,926,32
General and Special Reserves
DIRECTORS
Charles Canvasser
Nathan I. Goldin
Graham A. Orley
$140,859,754.29
Advances from Federal Home Loan Bank
$158,395,589.37
Adolph Deutsch
Alfred L. Deutsch
Stanley M. Earp
Samuel N. Gershenson
Maxwell Jospey
Savings Accounts
(All Accounts Insured to $10,000.00)
8,966,790.40
0
,... $158,395,589.37
Joseph B. Colten
Charles L. Dodge
Samuel S. Greenberg
Samuel Hechtman
Jack Sylvan
Joseph Warren
AMERICAN SAVINGS
AND LOAN ASSOCIATION
MICHIGAN'S LARGEST STATE-CHARTERED SAVINGS AND LOAN INSTITUTION
Main Office: Woodward & Congress, Telephone: WOodward 5-5800