6—Friday, July 23, 1965
THE DETROIT JEWISH NEWS
STRENGTH
SAFETY
RELIABILITY
•
since 1893
,
Standard Federal Savings has earned a reputation for strength, safety
and absolute reliability during its seventy-two years of sound, yet
dynamic growth. Since 1893 we have paid, without exception, the
highest earnings on savings consistent with maximum safety.
Standard Federal is today one of the nation's largest and strongest
savings and loan associations.
We invite you to. share Standard Federal's safety, strength and
reliable earnings on savings which are now enjoyed by so many
thrifty Detroiters.
Robert J. Hutton, President
STANDARD FEDERAL SAVINGS AND LOAN ASSOCIATION
144TH SEMI-ANNUAL STATEMENT OF CONDITION
JUNE 30, 1965
ASSETS
First Mortgage Loans
F.H.A.-Insured
6116,192,563.10
25,577,315.43
129,853,515.54 )$271,623,394.07
G.I. Veterans' Loans
Standard Mortgage Loans.
Cash on Hand and in Banks.
•
U.S. Qovernment and Federal Agency Obligations
Stock in Federal Home Loan Bank...,
Loans on Savings Accounts
•
•
Properties Sold on Land Contract
Real Estate Held for Redemption•••••••••••• OOOOOOOOOOOOOOOO •
Real Estate Owned
•
Standard Federal Buildings and
Equipment, Less Depreciation
Prepaid Federal Savings and Loan
Insurance Corp. Insurance Premium.•••••••••••••••••••••••
Other Assets.• OOOOOOOOO •••• OOOOOOOO •••••••••••••••••••••-•
6,812,083.95
32,144,717.80
3,200,000.00
35,344,717.80
324,269.20
135,884.88
775,649.15
29,323.42
804,972.57
2,724,869.98
2,512,296.08
115,937.69
2,628,233.77
OOOOO •••••••••••••••••••11•••
$319,398,426.22
OOOOOOOO ••••••••••••••• OOOOO •11111••••••
$288,342,950.25
443,029.34
Total
LIABILITIES
Savings Accounts....
Loans in Process O OOOOOOOOOOOOOO •••••••••••••••••••••••••••
Advance Payment by Borrowers
for
Insurance and Taxes O OOOOOO some••••••••••••••••••••••
Other Liabilities.••• • OOOOO •••••01100•11••••••••••••••••••••••
Specific Reserves.••••••••••••••••••••••••••••••••••••••••
General Reserves.. •••••••••••••••••••••••••••••••••••••••
Surplus O OOOOOO ••••••••••••••••••••••••••••••••••••••••••
Total
11.• ■ •11
Q. OOOOO
•••••••••••••••••••••••••••••••000 -41
BOARD OF DIRECTORS
Walter J. L. Ray, Chairman of the Board
•FE DE
SAVINGS
William H. Baldwin
Oscar L. Bard
W. Emerson Clyma
Robert J. Hutton
James B. Ogden
Edward A. Warnica
Robert F. Weber
Ormond S. Wessels
7,332,59446
130,709.16
1,050,920.30
$ 18,293,510.83
3,804,812.28
22,098,323.11
$319,398.428.22
MAIN OFFICE
GRISWOLD AND JEFFERSON
Convenient Branch Offices
to Serve You
SAVINGS EARN 4% CURRENT RATE COMPOUNDED AND PAID QUARTERLY