6—Friday, January 15, 1965

THE DETROIT JEWISH NEWS

symbol of
strength, stability
and safety
for your savings

or

You need look no further than the seal above

the shield below

for

the perfect place for your savings.
They are symbols not only of strength, stability and safety but of

earnings, too.

They are symbols of a long standing policy of returning to . all our
savers the maximum amount of earnings consistent with safety. Every
account at Standard Federal Savings earns a 4% dividend, paid and

compounded quarterly and Standard Federal Savings has paid earnings,
without exception, for seventy-one years.
They are symbols, too, of Standard Federal's concern with, and
involvement in, the community in which it does business. The money
you save here is invested primarily in first mortgage home loans in the
metropolitan Detroit area. Thus, as a saver, you know your savings
have been invested to help the progress of your city and state.
Finally, they are symbols of your participation in the progress of
Detroit's oldest and one of the nation's largest savings and loan asso-
ciations—Standard Federal Savings.

STANDARD FEDERAL SAVINGS AND LOAN ASSOCIATION

143rd semi-annual statement of condition

DECEMBER 31, 1964

ASSETS

First Mortgage Loans

F. H. A. — Insured
G. I. Veterans' Loans
Standard Mortgage Loans

Cash on Hand and in Banks
U. S. Government and Federal
Agency Obligations
Stock in Federal Home Loan Bank

Savings Accounts

$112,534,896.79
25,764,793.61

122,787,073.21

$261,086,763.6/

7,600,402.57

33,601,158.59

Loans on Savings Accounts
Properties Sold on Land Contract
Real Estate Held for Redemption
Real Estate Owned

Standard Federal Buildings and
Equipment, Less Depreciation
Prepaid Federal Savings and Loan
Insurance Cqrp.Insurance Premium
Other Assets

3,200,000.00

36,801,158.59

305,758.83
125,092.09

707,507.76
104,092.82

811,600.58

2,593,195.66

1,785,491.78
178,777.80

TOTAL

MAIN

LIABILITIES

1,964,269.58

$282,431,338.03

Advances from Federal
Home Loan Bank

2,000,000.00

Loans In Process

322,109.63

Advance Payment by Borrowers
of Insurance and Taxes .

4,108,367.64

Other Liabilities

Specific Reserves

General Reserves

TOTAL

BOARD OF DIRECTORS
Walter J. L. Ray

Chairman of the Board

William H. Baldwin
Oscar L. Bard
W. Emerson Clyma
Robert J. Hutton

CONVENIENT BRANCHES TO SERVE YOU

•O••OOO•

1,122,082.97

O $17,972,576.04

OFFICE

GRISWOLD AND JEFFERSON

106,079.33

3,225,687.27

Surplus.

$311,288,241.51

••■■•

James B. Ogden
Edward A. Warnica
Robert F. Weber
Ormond S. Wessels

-

21,198,263.91

$311,288,241.51

4