6—Friday, January 14, 1966

THE DETROIT JEWISH NEWS

•

...................

THE REAL VALUE OF A FINANCIAL INSTITUTION
CAN BE MEASURED BY THE LENGTH
OF ITS SHADOW OF SERVICE TO A COMMUNITY
Standard Federal Is proud to be helping more than 27,000

families achieve debt-free home ownership.
And, Standard is assisting more than 88,000 savings account
holders build more secure futures with insured Standard
Federal savings accounts. Standard Federal encourages
thrift by providing a safe, profitable and
convenient place to save.

•

STANDARD FEDERAL SAVINGS AND LOAN ASSOCIATION

145th

NIC J - AL.
NM
;54 E

Statement of Condition

DECEMBER 31, 1965

LIABILITIES

ASSETS

$120,211,098.00

25,200,583.58

Standard Mortgage Loans

144,429,647.44 4289,841,329.00

3,156,763.78

Cash on Hand and in Banks,

......... 28,936,220.34

Stock in Federal Home Loan Bank... ..... .
Loans on Savings Accounts

3,200,000.00

32,136,220.34

319,559.05

Properties Sold on Land Contract

119,749.89

Real Estate Held for Redemption

691,228.37

Standard Federal Buildings and
Equipment, Less Depreciation

3,010,544.79

Prepaid Federal Savings and Loan
Insurance Corp. Insurance Premium.....

Other Assets

TOTAL

4 4 '70

2,000,000.00

Advances from FHLB

CI. Veterans' Loans.

U.S. Government and Federal
Agency Obligations

$297,995,043.31

Savings Accounts

First Mortgage Loans
F.H.A,-Insured

Advance Payment by Borrowers for
Insurance and Taxes

2,690,707.14

Other Liabilities

103,054.45

Specific Reserves

1,250,425.56

$ '18,560,771.07

General Reserves

Surplus

2,590,921.01

626,020.37

Loans in Process

..

4,738,1341

23,298,905.23

2,688,760.84

97,839.83

..... ..... ......... 4331,964,156.00

$331,964,156.00

BOARD OF DIRECTORS
Walter J.L. Ray, Chairman

Main Office: Griswold and Jefferson
Convenient Neighborhood Branch Offices

CURRENT
£4TE

Paid and compounded
four times a year

William FL Baldwin
W. Emerson Clyma
James B. Ogden
Robert F. Weber

Oscar L. Bard
Robert 3. Hutton
Edward A. Warnica
Ormond S. Wessels

STANDARD
FEDERAL SAVINGS

