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July 17, 1964 - Image 8

Resource type:
Text
Publication:
The Detroit Jewish News, 1964-07-17

Disclaimer: Computer generated plain text may have errors. Read more about this.

fact that time is running out for
Britain's Janner Asks Commons to Nudge Germany on Aiding Nazi Victims
many of those who would receive
LONDON (JTA) — Sir Barnett members requesting debate on the debate this matter? The federal pensions."
Janner, Labor party member of issue of German compensation to government of Germany is sus-
Parliament, asked Selwyn Lloyd, victims of Nazism. Sir Barnett, ceptible to opinions which come
Want ads get quick results
the Conservative leader of the former president of the British from this country in relation to
House of Commons, whether the Board of Jewish Deputies, ad- those who have suffered owing
THE DETROIT JEWISH NEWS
to Nazi persecutions. We are ask-
government had considered mo- dressed Lloyd, saying:
Friday, July 1'7, 1964
8
"Would
you
give
some
time
to
ing
particularly
in
view
of
the
tions signed by more than 100

Like

GIN •

Yeccaddig Cocktail's got it!

42 PROOF

4/5

QUART

$1 4

Since 1893, the story of Standard
Federal has been a story of strength,
safety and confidence. The sound
policies of this Association and the
sound business judgement of the
people who administer these poli-
cies are reflected, not only in the
trust extended to us by savers and
homeowners, but also in the steady,
healthy growth which has placed
us among the country's largest and

ence

strongest savings and loan associ-
ations.

Encouraging thrift and putting
money to work financing homes are
the two most important functions
of this institution. That's why we
are happy to report that in both of
these areas, the first six months
of 1964 have been outstandingly
successful and we are especially
pleased that the well known Stan-
dard Federal concept of thrift, home
ownership and safety for savings
continues to help create happiness
and security for so many thousands

future and our dedication to serving
the needs of our customers.

of families in the Greater Detroit
area.
Our family of savers has grown to
more than 83,000 savings accounts.
Thrifty people in this community
have now entrusted more than
$264,000,000 in savings to this insti-
tution. You'll be interested to know
that in 71 years no saver has ever
lost one penny of his savings at
Standard Federal. Total mortgage
loans now stand at $239,000,000
and since January 1st our already
sizeable reserve funds increased by
$845,000 and as of lune 30, 1964
total more than $20,000,000.
This is an excellent record and Ts
indicative of our confidence in the

We take pride in our exceptionally
strong, healthygrowth only because
it indicates that Standard Federal is
meeting the needs of the people of
this area. Much of this growth and
many of our fine relationships with
our customers have been derived
from the personal efforts and at•
tudes of our devoted staff. They
contribute friendly understanding
and skilled and courteous service.
We certainly recommend them to
you whenever you need advice on
savings or information on home
mortgage loans. And, as Detroit's
oldest and one of the nation's largest
savings and loan associations, we
invite you to share in Standard
Federal's safety, strength and earn-
ings on savings which are now en-
joyed by so many thrifty Detroiter&
Sincerely,

Robert J, Hutton, President

STANDARD FEDERAL SAVINGS AND LOAN ASSOCIATION

142nd semi-annual statement of condition

June 30, 1964

LIABILITIES

ASSETS

First Mortgage Loans
F.H.A.-Insured
G.I. Veterans' Loans

Standard Mortgage Loans

$239,422,758.66

301,269.02

Loans on Savings Accounts. ..

Properties Sold on Land Contract
-Real Estate Held for Redemption
Real Estate Owned

Savings Accounts

11111101101111•WIIIIIIIMeil

$264,695,129,50

in Process.

111111•11•00•1111111,111/0118011•110

954,813.43

$103,332,285.51

25,159,941.40
110,930,531.75

134,666,71

873,994.56
45,948,17

919,942.73

Loans

Advance Payment by Borrowers
for insurance and Taxes

• Ili 111111116 • 11111141111

6,898,016.62

Other Liabilities ••••• •• ..• • • • •• • • • ••••••

114,995.30

Cash on Hand and in Banks,

8,447,562.26
U,S. Government and Federal
36,949,958.59
Agency Obligations
Stock in Federal Home Loan Bank
Standard Federal Buildings and
Equipment, Less Depreciation
Prepaid Federal Savings and Loan
Insurance Corporation Insurance Premium
Other Assets

TOTAL

840,247.70

45,397,520.85
3,200,000.00

2,520,882.50

1,735,619.66

General Reserves • • • • ..... ..17,656,324.53

Surplus 9. • • • • • • • • • • • •• • • • . 2,573,751,49 •

20,230,076,07

00000000000000000000000000

$293,733,278.62

100,618.49

$293,733,278.62

TOTAL

CODE NO.
I6688

UNITED BRANDS • DETROIT • U.S.A.

f

o- n



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