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