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January 20, 1967 - Image 13

Resource type:
Text
Publication:
The Detroit Jewish News, 1967-01-20

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

Yiddish Writers Group in Israel Accepts Invitation From Heimland Editor THE DETROIT JEWISH NEWS

(Direct JTA Teletype Wire
to The Jewish News)

TEL AVIV—The Association of
Yiddish Writers and Journalists in
Israel received Wednesday and
promptly accepted an invitation to
contribute writings to a special
issue of Sovietish Heimland, the
monthly published in Yiddish in
Moscow.
The issue, according to the invi-
tation received by the association,
will be devoted to Israel and to
Israeli writers in the Yiddish
language.

The invitation had been sent

by Aaron Vergelis, editor of
Sovietish Heimland, who sent
similar bids also to Israeli
authors writing in Hebrew and
in Arabic. The organized writers
in those two languages have
also accepted Vergelis' bid.

A statement issued here by the

Association of Yiddish Writers and
Journalists "welcomed" the invi-
tation by Vergelis, and expressed
the hope that the planned special
issue of the Moscow monthly on
Israel and Israeli Yiddish litera-
ture "may mark the beginning of

Friday, January 20, 1967-13

a reapproachment between Yiddish
writers in Russia and their col- Minneapolis Archives Set
leagues in Israel."
MINNEAPOLIS (JTA) — The
After formally accepting the Minneapolis Federation of Jewish
Vergelis invitation, the bid from Service has announced plans to
Vergelis was circulated among all establish the Jewish Community
Archives of Greater Minneapolis.
members of the association.
The project is being undertaken
in cooperation wth the Minnesota
Research Allocations
Historical Society and the Min-
The Conference on Jewish Mate- neapolis Talmud Hora.
rial Claims Against Germany last
The society will provide per-
year allocated a total of $237,000 manent care for all materials re-
for research and publication proj- ceived in the collection, and the
ects in the United States.
Talmud Tora has set aside a room

Up by Federation

in its main building to receive
and process the documents for the
archives.

Classified Ads Get Quick Results

.

.

UNITED BRANDS„
- . e, DETROIT, U.S..A.
.

Standard Federal Savings
and. Loan Association

147th Semi-Annual
STATEMENT OF CONDITION
December 31, 1966

Standard Federal . . . growing by helping people

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
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 Corp. Insurance Premium
Other Assets

$117,033,854.39
23,642,319.18
154,067,333.95 $294,743,507.52
3,616,444.78

To Our Customers and Friends:

29,057,322.38
3,200,000.00

32,257,322.38
341,514.88
119,319.12

621,825.91
16,288.16

638,114.07

3,417,391.92

3,008,620.25
40,850.01

TOTAL

3,049,470.26

$338,183,084.93

-

Liabilities and Net Worth

Savings Accounts
Advances from Federal Home Loan Bank.
Loans in Process
Advance Payment by Borrowers for
Insurance and Taxes
Other Liabilities
Specific Reserves
General Reserves.
Surplus

....-.4141••• ■ ••

• ...$301,901,661.33

8,000,000.00
295,506.57

2,793,702.15
51,557.70
994,428.50

.

..

$19,177,916.10
4,968,312.58

TOTAL

Tight money and very competitive financial markets made the past
year a difficult one for all financial institutions. Standard Federal
however, ended the year with assets totalling $338,183,084., a $6,218,928
increase over last year. Savings accounts reached a new high of
$301,901,661. and total mortgages are now $294,743,507. Reserves are
a new high of $24,146,228., and this represents 8% of our savings.
Dividend rate regulation became a fact in September, 1966 and
Standard Federal elected to pay, beginning October 1st, the highest
legal rate permitted on insured regular passbook accounts in the
metropolitan Detroit area, 4%%, paid and compounded quarterly.
By action of Congress, all accounts are now insured up to $15,000 by
the Federal Savings and Loan Insurance Corporation, an agency of the
United States government.
During 1966 we extended our services by opening new branches in
Southfield and in Warren. We also improved our services by building
a new, larger office at Kelly Road and Houston Whittier. In 1967 we
plan to still further improve our services by replacing our current
structure at Grand River and Southfield with a fine new building to be
erected on the present parking lot.
Indications are that 1967 will be an excellent year for our economy.
National and local economic conditions should remain strong and the
financial market should be more orderly with money not as tight as in
1966. All in all, we at Standard Federal look forward to a year of
continued activity and growth.

Sincerely,

24,146,22&68

$338,183,084.93

DIRECTORS

MAIN OFFICE

Griswold at Jefferson

Walter J. L. Ray

CHAIRMAN

STAN
DAR D
FEDERAL SAVINGS

Convenient
Branch Offices
to Serve You

William H. Baldwin
W. Emerson Clyma
Robert J. Hutton
James B. Ogden

John W. Paynter
Edward A. Warnica
Robert F. Weber
Ormond S. Wessels

PROOF

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